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<br /> ` , on�whose de osits aR ins5ueai b• a Pede�a ea , instr�n��do�r entity ' �`
<br /> �;� ' _ ` . Th�Funds shall be heid in nn insritu�i . P y g �Y �;
<br /> °.�`•f � •�'. � � (iiictuding L�nder.df Lender is suci�an iqstetution)Ar in any T�ederal Home E.oatt Bamk.Lendeg sl�11 apply the Fiynds to pay die .. �
<br /> `,�,•.4:;,' ; .`':: � ` ..FsCtow items.i.eader may nsst c h a r ge B atr�ower for tiotctin$aad a p p l y in g the Funds.mnnually analyzing the escrow aocoun�or . -
<br /> '`r.��• .: .:' r'�:�� � . • verifyikg the Essrow[tems,unless I.ender�ays�orrawer imerest on the Funds and applica6le law permits l.ender to'aiake s�ccb _
<br />_',� .�.�,�c«. .f�`. a ciinrge.�Howeveb.Lender may iaquire Bormwer to pay a ane-time,charge far at�int�ependent real estate tax raporting s�rvice _
<br /> used 6y Lender in ca�ection with this Ivan. tmless applicable !aw pmvides otherwise. ilnless an agn�ittent is a�ade or
<br /> ��..`` ``�� �.� . ` spPlicabte!aw requiies interest�to be paid,Lender shail not be r�quired to pay Borrower any interest or eanungs on the Funds. —
<br /> L r:• r � Rerrqwer su�I.�n�er may ngeee in`ivnt�n�..however.tt�at interest shaU 6e pa►d oa the�unds. Lender shall give to Borrower. _
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<br /> �� ;'. . • without charge, an ennu�]a000unriag of the Funds.stwvving credits and'deints ta the Fnrals and th�purpo�e for which each
<br /> �..'a .• ' ' debit t�the Fands was ma8e.�e F�nds a�p2edged as ac4di4ional seatr►ty for all sums s�umd by this Secunty Ir�strument . � _
<br /> If t�e Funds held by L�nder exoeed che a�wunts permitted m be fteld by spplicable law,Lender shall accaunt to Eorrower
<br /> ` • � For.the e�i�s Funds ire accordaare with the requirements af appticabie tavr. IF the amouai of the Fands tietd tsy�:end�r at eay _
<br /> � � time is not sufficient to pay the Fserow Items when due.Lender anay.so narify�Eo:rower ia writing,and;in suc6 case Borrower _
<br /> .., ,.,.:� •.
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<br /> ,-�,.`,�- shall pay ta LenGer the amount uecessary m miake up the deficiency.Borrower shali make up the deficIency in rio amre.tiian _
<br /> `�'., '.= t�arelve monthty}�►ymems.at lender's_sa2e disGretios�--=-- --- --.-.— --.---...._-. - -_
<br /> - '- . Qp�n pay�nt in ful!o€all siims secured by ihis Secyricy Im�uumen�.�Leader stiall promptly fetan�-to�or�a�vei aay_ -_'
<br /> _. :•��:� . • , .,�;`� Funds heid by Lertder.If,under paragraph 21.Lender sGall acqyue or sell the Property.Ixnder.Prior m the acquisition or sale _
<br /> � �'.,�' 1 an Funds held b Lender at ihe time of acquisition or sale as a credit against the sams secured by .
<br /> ',.�::�,_. . .. ..
<br /> •s.. of the�roperty.shall aPP Y Y Y - -
<br /> -,r y._.,.•..:.;:.,....; .� . . ,
<br /> -. <�-�;��j'.' ,�,:�.- this SecuntY Instrumeut.,
<br /> =J`'''..E,�c;,��_: �` 3.Appflratioa oY�Ym�ts.Unless applica6le law provIdes otherwise,ail�ayments received by Lender ander paragrapl�s ,.
<br /> ";``�=� ": :, `,�:� 1 and 2 sHall be applied:first,to anY FrepaYment charges das uader the Nate;second,to amaunts payable under'ParaBraPh Z; _
<br /> .?ryfy` '.,�..�`` ' ..
<br /> '-;�,;-- _:_'::� thizd,to interesi doe:f�urth.to priacipal dne;aad last,to any late chaiges due uatler the Nota. • .
<br /> .- . . , ::.s 4.C4�es: LtEns.Borrower s6all pay all Yazes.assessments,cf�arg�.s,Snes and i.mpositions anributab2e t�the Propert�r _
<br /> ::;��_t,;;�;��,.. _; � w1uc6 aeay a2tain grio�ity over this Security Inswment, arid leaSehold payme�or ground rents,if any.Borrawer shall pay
<br /> .�, ''�'^`'''�`�� these obligations in the mann�er providarl inp 9�P P
<br /> �,:,_;;4 � ., ;. . h 2,or if aot aid in that wanicer,Bflrrower sball pay tiian on time directiy
<br /> �:- -�. .;,�,:��;; � W tDte pezson owed paykaent.Borrower shall p mptiy[um(sb to Lender all notices of amounts w be paid ander this Par'a�raph• _
<br /> :��..Y�'::'.:_ =�' . � If Borrower makes these payiuend�e Y.Bomuwer shall pmmptly furoish to Lender receipts evideacing the paymeucs. �
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<br /> _. -°:`.,.=. • ••, ��_.- . Sorrower shall pramp y any liea which has prioritg over this Secnriry Insu�e�t unless Horrower.(a)a�
<br />- ��'_�`��`•'�' .. ..writing to the payme�of the obliga4io�secured�by the lien ia a-manaer tabte-to.Leruter:_N).wntests.in gaod_f�ie�n�e t�en---.._._..--
<br /> .� ,;y��� by, or 8efea�is against enforeement of the tien in. tegal�mceediugs w�in lthe Lender's opinian operate to.prevent.the . -
<br /> -_:�;.� enforcennent of the lien;or(c)setures from the hotde'r af the liea an ag�eemeat satisfacwry to Lend$r suhard'anating tlte tiea to _
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<br /> �.��•. this Security Insuvment.If L.ender determines thac any part of the Propertq is subjeci w a lien,which nzay attain priority aver
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<br /> -_-:••�.;�_�_ -this Security Inswment,Lender may giv8 Borrower a notice identifying the lien.Borrower sieall satisfy the'lien or take one or
<br /> :��::°:'�.: :. mare of the sction4 set forth above within YO stays of the giving of aotice.'.- - -.-_. ' '
<br /> �=Tf��.:;�:'��^.�' S. Ha�rd or P�rop�ty Insvrartce. Borrower shall kee.p the unprovements now exiSting or hereafter ereste�on the
<br /> _=`-'-�`�� property insared'against loss by fire,6aTards included within t6e term"extende�coverage" and any other baratds, inc�ading ..
<br /> �°' 'r' �tlocds or ttooding,for a�ich L�da r�sires ins�anre,T�is ins�uanse sha31 be maintaiaed in the aaounts and far the p�riads
<br /> _ T�_;.�"$' ' that I.ender a�qu�s.The Insurance earrier pruvid'sng the insurance shall[te:�osen hy Bomawer su6ject:ta Lender's appmval
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<br /> - � wluct�shall not be anreasonably withheld. if Bormwer fails to maintain va'�'�age Qesccibad above,�Lender may,at I.ender's . ,
<br /> �-�';t1•;�,��t�f` ��= `' opYi�,obtain coverage to protect Lender's rights in the Property in aceardaitCe wit6 paFaa,�,taPh 7. .
<br /> ' 4 4 ��'. ,�ins�ra,nce policies.and renewals shall be acceptable to Lender and shall inc:ce�a standard mortgage ctaus,:. Lender . •
<br /> -�`"_�i�"`=�r�`}`,_ ' shalt�ve tIie right to hold the�olicies and cYnewals.If I.ender requires.Borrower sfia11 prompdy give to Lender aU receipts of
<br /> - =_.-t;'���r::.-:s�.� Paid premiums and reaewal nottces.In tlte eveac uf loss,�orrower shall g�vs pmmpt noriceto the�nsur-+,..ux carrier and Leader. .
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<br /> --��.�-_�... --� Leader may make pmof of loss if not made pro��tfy by Borrower. • •. • �
<br /> _ ---- --— �Tnless LenCer�d Bbtrower otherwise agree in wnung,ins�rance pro�eds sha11 tre aPPiied ta r��tation os repair of the
<br /> -``�►��'�`'� pra�ertyr dama�eQ,if ihe restoratian or repair is ecoaomically feasible and Lend�r's se,curity is mot less�is�cl..if the restoratioa or
<br /> --�"�•-�"�� repsur is aot ecQaomicaUy feas�'b!�mr l.endet's security would be Lessened,t�e insvranoe proceeds shaU�e applled ta the suins
<br /> �:__�i� secured by this Securiry Instrument, wheiher or noi then due. with any excess paid;o Bormwer. If 19orrower abatidons the '
<br /> _-_._- � P'roperty.or does not answer within 3U days a notIce from Lender'that tfie E�surance carrter has off�;to setde a cJaim,then
<br /> --�.� �� Lender may collect the insurance pmvee�s• 1Crc�cder maY ase the pmceeds rr�repair or restore.the I�rpperty or to pay sums
<br /> ---- ----- �by this.5ecurity Instniment,whetherc�r»at then chce.The 3Q-day period wiq begin�vhen the nodce is given. '
<br /> = Il,rn�ess LerWer and Borrower ottierwise agrec in writin�, anY aPDlication of procerds to principal shaU not exiend or
<br /> - posqu�tit��the due date of the monthtypayrmenta refeaed to in para�raphs i and•2 or cfiange the amotmt of tIle g�nis. If
<br /> — — �tnder�rag�aph 21 tlie Propea9y is acquire�by I.ender,Borrower's rig6t to any.3ns,urance pt�licies an$�?rACeeds res�::'�ng from
<br /> _ — � damage io the Pia�i prIor w the acquisidon shalt pass to Lender ta the e,z�vY the sums secureA 0��ci�s Securiiyr Instrument
<br /> -- _ ' immediateIy prior m e acyuisitron. . ;�. � . ' ., . ` .
<br /> - --- = 6.Oocupancy,Pr�'�ervatton,Mainienance and�irotect�on oY the Prapexty;Bar�v�sr's�.nan A{g�iraaIon;Leasehudds.
<br /> --_ — �orrower s?natI occupy,establish,and use the Property as Barrower's prin�ipal residea��ithin sixiy days after the��cution of
<br /> -- =—° . fhis Secu[ity Instrument and shall conti�ue to occupy the Property as Eorrower's pri��S residence for at Ieast one ye�t after • •
<br /> -'""�'"" — tlie da�e of occupancy,unless Le�der otheruvise agrees in writing;wtuch consent st�a3Y ncit be uf�reasonably withheld, or uniess
<br /> --_� extenuating cir�cum��^-ces•exist which ere beyond Barrower's wntrol. Ba;rower sha3I,nat destcoq, daa�age or impair the ..
<br /> _��a�;� Property, allo�v tl��aperty co�teriorate.or commit waste on the P:a�y. Borra�er shall be b��default�f any forfeitnre . ,,
<br /> --""��`"``""°" actie�n,or paocerxg:=,�q,�lhethe;�•rstil or crlminal,is begun that in Lender's��od faith y���r,,,�'nent coatd result in forfeihue of the .,�
<br /> __-,:-_����:� • Prap�a¢y or otherw��se materia143�impair the Iten created by this Security Instrument or Fu�ra?es's security lat�rest.Bursower may '
<br /> = a�re s�::�a defau!:8n$reinstate.as providad in paragraph 38.�y causing the action or proceeding to 6e dlsmissed�itl�a nil�ng
<br /> -�---- that, ia�Lender's ��c�d faith determination, �recludes fo}feiture pP the Borcower's interest in the Praperry oc ot�iYs materia�! '
<br /> —�___�::' ,_ impairmeht of�u"z�f�:n created by ti�is 3ecurity Instrument oz Lender's s�ur�ry interest.8onower s"�ll also 1re�ita.defauts if �:•��_
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