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<br /> � � �...", 7h� Funds Fhull be held in nn instttudon whose dcposits are Msured by a fedcrai ugcncy. instncmentn�ny, or cmicy '
<br /> (includin8 I.ender, if I,ender is such un instiwd�m)ar in any Fcderot Home L.aAn Bunk.l.cnJer hhall upply the FundF ta puy the �� °'_
<br /> Escrow Items. I.ender muy�ut cluirge&�m�wer for hnldin und u lying the Funds,annuully unulyring the escn�w uccount,cu �JI
<br /> '�-- �-.`.�.- - verifying the�secow ltems,uniess Lender ptryn Bunuwa;�{6tue,t ru tirc FuuJ,u��d upp11�wbf�iattr�Gt�ttiis:.Cttd�r to st:uk.°::ttels •�� �-
<br /> a charge. Hnwever. I.ender muy rcquiro Horrower ta puy u um-time churge for un independent reul etitute tux reporting scrvice �� '
<br /> ' � used by I.ender in c�nnccdun with this Irn�n. unlcsw npplicablc luw pnwides athcrwitic. Unic�s un ugccemcnt i�+ mi�dc ur �_.
<br />_ " upplicablc Ic�w rcquircs intcrec+t tu ho puid,l.cndcr�hnll n��t bc rGyuircd ta pny Dor[owcr uny intcrctit��t curningy on thc Fund+;. �
<br />- � �_ .:�:,a Born�wer nnd I.ender muy ligrcc in writing. however, thut intcrest tihait t+e puid un the Fundr�. l.cndcr r;hult glvc a►Iiurm�vcr, � �
<br /> '�V��•""�` ' wfthaut churgc.an unnuul ucc��uating uf'thc Fu�td�.xhowing credite nnJ dchit� to thc FunJx nnd thc pur�►sc fiir which cucl� ='
<br /> � debit m the hunde wur�m�de. Tho rundr.ur4 ple�t�{ed as udditinnul security G+r all tiumv�ecured by this Sccttrity In�trununt. �;.
<br /> �'t" �� �., ttthc�undn hcid by I.cndcr cxcccd thc�imuunta permittcd ta!sc i�etd hy uppltcubic tu�v, l.cndcr�hull uccaunt to ti�un►wcr �
<br /> � ��` fi+r thc cxcess Funds In ucconiuncc with th�s rcquircmcntx of applkublc tua. !f the umuum uf thc Fundti hcid by L.cndcr ut uny �
<br /> ��-�`�- time iwnut suff►cicnt tu pay the F.xccnw Itemswhen due.l.ender muy�o�unify B��rmwer in writing. und. in such cu+e �ttniwer �
<br />':,?���� hhall pay to Gender�he umount nccesxury to nuike up the deficiency. Bonawer shull muke up the deficiency ln nu nwrc thun �:
<br />„� , , twclvamanthiy paymcnt�.nt l.endcr's solc discreticm. _
<br />-- —.,, � Upon payment in full of utl sun�.5 secured by thir Secudty lnstrument. I..ender shull pramptly refund to Barrawer uny
<br /> Funds held by l.ender. If,under pungraph 21, Lender shnll acquire or r;ell the Property.L.ender.�r�or ta the acquisitian ar sale �
<br /> ��r��1'�"¢����� af the Property,shall apply anY Fund.s held by Lender at the time of acquisition or Eule as a credit against the sums secured by
<br /> ,t:_„ . .� •�;•.; this Securiry Insuument. �1�paymen�s recetved by l.ender under pamsraphs
<br /> �-�:;�. • . 3.Appficudan of Payments.Unless applicuble law provtdes otherwjse,
<br />;;�� :,.=,��:;. 1 and 2 shull be applied: first.to any prepayment chnrgc�due under the Note;second,to emaunts payable under paragmph 2;
<br />=_��ti j;: :�'� third.to interest due;fuurth. to princtpal due;and lust. to any late chargcs due u�der the Note_
<br />-`_{=� 4,Charges;Uens.Borrower ehull pay all taxes. essessments. cherges. fines artd impositioag uttdbutable to the Property
<br /> }�•':`.W-.a., whicfi may attain prlor�ty aver this Security Insttument,and leaschold payments or ground �ents. if any. Borrower sliall pay
<br /> '•'�'�_�' these obligations in the manner provlded inpara graph 2.ur if not paid in that mmner.Bormwer shull pay them on time direcdy ,_
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<br /> �'"`-�"'� to the person owcdpayment. Borrow�a shall prompQy fumish to I.ender ell notices of mnounts to ba paid under this paragreph. f
<br />-j '��-;''' . If Borrower malces these payment,g directly. Borrower shalt prompdy furnish to Lender receipts evidencing ti�C psynlents.
<br /> � ' ' ' Borrower shall promptly dischnrge any lien which has pdorlry over this Security[nstrument unless Borruwer:(a)agc�ees in _
<br />=��,�v�';�,; ;. writing to the payment of the ablisatlon secured by the lien ln u maztner accepteble to Lender;(b)contests in good feith the lien
<br /> '�•'��`;"��•��` by. or defends against enfonement of the lien in,legel proceedings which in the I.ender's opinion operate ta prevent the
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<br /> ,�,r;�. enforcernent of the lien;or(c)secures from th�holder of t he lien an a�reement satisfactory ta Lender subordinuting the Ilen to
<br /> � � this Security Instrument. If Le�►der determines that any part of the Propecty is subject to u lien which may attafn priodty over
<br />-�=�!"�� this Secudty Instrument. I.ender may give Borrower a notice identifying the licn. Bormwer shall satisfy the lien or taka one or _
<br />�,_r;y�`r:.�., more of the actions set forth above within 10 days of the giving of notice.
<br /> 5� Hazatd or prnperty Iitsurance. Bonower shall keep the improven�ents naw exist(ng ar hereafter erectal on the
<br />--��••����'- propecty insured against loss by fire. hazards ineluded within the term "extended coverage" and anY other hazacds. Including
<br />-�:":�:��!;t.�:,.�• _ floods or floodins.forwhich Lender requires insurance.This Insurance shall be maintained in the amounts and for the perlods
<br /> -^�,��'°�'�"'`'' that Lender requires.The insurance camer providing the in�u��i�shatt!sc�tsasea by Burrowtr snbjc�m Lender's approval .
<br />`��:'��.:;�� which sball not be unreasonably withheld. If Borrower fajls to maintain covera�e descdbed above. Lender may.at i.endet's
<br /> -.�;�:...�� • optIon, obtain covetage to protect L.ender's rig6�ts in the Property in accordance�+Ith ParagraPh 7.
<br /> �.'n��'- All insurance polictes and renewats sbali be acceptable to Lender end shaU inctude a stsndard mortgage clause. L.ender �
<br />°'��,�„��r�;; •; shall have the dght to hold thepolicies and renewals. If Lender roguires.Borrower shall pmmpdy give w Lender all ceceipts of
<br /> J;�i:���,�;;• . paid premiums er�d rertewal notices.Ia the event of loss,Borrower shall give prompt notice to tha insurance carrier and Lender.
<br /> �__`_T�r;�, I.ender m&y make proof of loss if not made promptly by Borrower.
<br /> i��-�' Unless I.ender and Borrower otherwlse agree in wdcing,insurunce proceeds shall be applied to restaration or repnir of the
<br />-°�'•"'""` Prope�ty damaged.if the restoration or tepair is economically feuslble and Lender's secudty is not tessened.If the restotation or
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<br />. _����.��� repair is not eoonomically feaslble or L.ertder_s security would 6e lessened.the insurance procee�s shall be applied to the sums
<br /> securcd by this Securlty Inswment. whether or not then due. with any excess paid to Borrower. If Borrower abandons the
<br /> m;�:4;;t;T��� Property,ar dces not answer within 30 days a nodce from Lender that the insurance carrler hes offered to� or to� am�sums
<br /> Lertder may collect the insurance proceeds• 1-ender may use the proceeds to re�air or restom chc P�operty P Y
<br /> �_'`h�� secural by this Securlty Instrument,whetheror not then due.The 30�day penal wil!begin when the notice is given.
<br /> Unl� Lender and Borrower otherwise ugree ln wddn�, any applicadon of proc�ds to principal shell noi extend or
<br /> �-"�"���`� postpone the due date of the munthly payments referred to ln paragraphs 1 and 2 or change the amount of the paymenta. If
<br /> ---=-';;;v under paragrapl�21 the Property is acqulre�by I.ender,Borrower's right to eny insurance policies and procxods resuldng from
<br />__-_-. damage to the Prop�ty prior to the acquisition shall pass to I.ender to the extent of the sums sscured by this Secudty Iastsutaent
<br /> -- �� immediately pdor to the acquisition.
<br /> �"�� 6. Oocupancy,Preservation,Maintenence and ProteMion of the Property;Borcowea''s Loan APPUcaHon;L.easeholds.•
<br />- ���-"'�� Borrower shall occupy.establish,end use the Propecty as Borrower's principal restdence within sixty duys nRer the executian of
<br /> ;,�� this Secusity Instrument azed shall continue to occupy the Property es Borrower's prtncipal resldence for at least one year ufter
<br /> --_-_�- the date of aaupancy.unless Lender othenvise a�rcees in writing. which mnsent shall not be unreasonably withheld,or unless
<br /> - ---� -' extenuating citcumsta�n'es Cxi�t widci�are is�yuixt Burrower's control. Sorcower shap not destroy. dama8e or impAir the _
<br /> -u--,a..-r--�.� Property, allow the Property to deteriorate, ar commit waste on the Propeny. Borrower shall be in default if any forfeiture
<br /> _�� action or proceeding. whether civil or criminal.is begun that in Lender's gond faith judgment could resnit in forfeiture of the
<br /> ---��� Property or otherwise matealally impair the lien crcated by this Security Inst�ument or L.ender's securicy interest. Horrower m�y -
<br /> � � cure such a default and reinstate.as provided in psragraph 18, by causing the action or proceeding to be dismissed with a ruling
<br /> ='`J'°•�'''M-`` that,in Lender's good fa�th detcrmination, precludes forfeiture of the Borrower's interest in the Property or other matedal
<br /> �-��:�:
<br /> "' impairment of the lien cceated by this Security Instrument or Lender's securicy interest. Borrower shuq tilso be in dePault if
<br />_=;��3� Borrower.during the loan application process,gave nwterially false or inaocurate Information or statements to Lender(or failed
<br />---- �''��- ' to rovide Lender with eny material information)in connecdnn with the loan evidenced by the Note.includ{ng.but not limited
<br /> `��'����+�:+>:�� p of the Property as a principal residence.If this Secudty Instcument is on a
<br />-•,u;,r::.,_.; to. representations concenung Borrower's occupancy
<br /> _.-Y:.:,:r."'�' leaseliold. Borrower shult comply �vith all the provisions of the lease. If Borrower acquires fee title to the Propttty. the
<br /> ` "' �? leasehoid artd the fee title shall not merge unless Lcnder agrces to the merger in wrlting.
<br /> -=c l�.:. .,;_� `�•
<br /> � � � 7.Protectton of Lender•s Wghts in the Property.If Borrower fails to perform the covenants sttd agreements contelnod in
<br /> ���:. ; this Securlry Instrument,or there is a le�al praceeding that may significantly affect Lender's dghts in the Property(such as�a
<br /> „ " procoeding in hctnlcruptey, probate. for cnndemnation or forfeiture or to enfacce laws or reguluttons). then I.ender muy do and
<br /> ._��,� . . ny for wl�utevcr is necessnry to protect the v:�lue of the Property und Lender's right5 in the Property. Lender's actions muy
<br /> ��...�e ....,,:.,e ��� .��m. .�n.r� hv u l ien w h ic h has v dori tY o v e r t h i s S c c urit y Instrument. �p p e+irtng in cnurt, paytng
<br /> � �- --- �.•ro _.'� -
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<br /> •� � reusonab�attomeys' fccs and entering on the Property ta matcc repairs.Aithough Lender may taice acnon unucr ii�i,pa�pb�aM.
<br /> � °• •"''� 7, Lender does not huve to da so.
<br /> ' ° Any umounts disbursed by I.�ender urtder this parugroph 7 shu{I become udditionol debt of Borrowcr secured by this
<br /> " • Security instn�ment. Unless Borrowcr nnd Lender u�ree to other tcrms of payment,thcse s�mounts sh�ll bcur intcrest from the
<br /> , � '� dnte of disbursemcnt at ttee Natc rute und shull be payuble, wlth interest, upan notice from Lcnder to Borrowcr requesting
<br /> .. • payment.
<br /> $,Mortguge Insurence.If I.ender requitai mortgage insurunce us a rondition of muking the loan securai by this Security
<br /> Instrument, Borcower shall pay the premiurns requira! to maintain the mortgage insuranre in effect. If, for any reason, the
<br /> mongage insurnnce coveruge requicr,d by Lender lupus or ceases to be in effeet, Borrower shull pay the premiums required to
<br /> �� " obtain coverage subsWntiully equivalent to the mart�age Insurnnce previausly in effect.at o cost substunttally equivalent to the
<br /> •�•:.• .� ' cost to Borrower of the mortguge insurance previously in effect, from un ultemate mortgage insumr upproved by Lender. if
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