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<br /> ' .... �a - �.: - � .�S�i4` '.�.. �•`��'—`1M"i� � ' _� _' :eyuev.�.a..�n+�w�:..+ti�•.... . . . _, .�___.. r — .,.... ..
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<br /> � • r 9� �����■.� ���?�w
<br /> ' ' 'flu Nundti �h.�ll hc hcld in ,�n intitiluti��n wiuuc dcpnsits wr insurc�d hy a f'cd�rul at;cncy. in�u�wncntality. or �ntity
<br /> (induding 1.4nd��r. If Lendcr is tiUCh tut fnsliludotU��I'in any I'cdcrul Humr Lo:in liank. l.�:udcr yhall a��ply thc I�unds tu pay Ihc
<br /> E�crc�w Itmns. Lc:n�1s-•r may not cluirgc li�irrnwcr for huldinb and anplying thc FunJ,, unnually analyiing thc c1crow accc�unt.ur • .
<br /> •, verifying thc Fscruw Itcros, uriles.I.cnder pirys Qorrower interest cm thc 1'unds and npplirahle law permits l.4nder to roakc such •...i, ; ..
<br /> � u ch�irge. Hrnvever, Len�ler muy ru{uire Durraw�r tc�pay :�onr-time charge f��r an inilependent rcal��state tax reporting yervice • . . ;., -
<br /> ,-". : ;'„ usecl Uy L.ender in c��nnccdon �oitl� Ihis loan, unlr.yv appllc;iblc I�nv proviJeti c�thcr�v►sc. Unleas an s�grcruicnt i�c mude or ., ,��•_
<br /> � npplicuble law rcyuires intcresc to hc paid, l.endcr�hall nvt bc rcquirr.d tn puy Rorrnwcr any intece�t or carningy on�hc Funds. ;�':�:=:,°;�;-:,F
<br /> -� ` � Burruwc�.uid[.�;ndcr may agr�c in�vrfNng. hu�vever.thnt intere�t sh�ll I,c p;iid an thc FunJs. l.cnd•�.r sltull�;ivc to 8orrnwcr. „,. ,.
<br />"":,.";;;;;,a� withaut chctrge, un nnuunl uccauntfng of thc Funds, showing creditr:und debits to tli�Funds aitd the puepose I'or�vhich each i;':..„:; ;;:,
<br /> � � ��r: debit t�►he(�unttt�was n�adc.The Funds ara pl�dbcd us additional sccurity tior all sums secured by this Sccurity Instrumcnt. -�^.t';'.t�r.�
<br />',;,�;. . '��,,;��.� If thc Funds l�cid by I.cndcr cxcccd thc um��unts permittcQ to hc hc ld b>'UrEl I1C1 B IC I.nv, I.cn dcr s hu l l u c co u i�t to Bormwcr � "'� ',;;
<br /> '"':i'"�!;_'�r ' for the exce;s F�m►1s in nccordancc with thc requircments af applicuble luw. If the amaunt af the Fund:;held by L.cndcr ut nny �, . ;,:`;Y,,t,,;,
<br /> ,• ��' time is nM f�uFf.r.ient to pay the L�scrow Ueau when duc, l.ender muy so notify Bnrrower in writin�, und,iu such cnse Horro�ver '� �; .,
<br /> sh�ll puy tu I.�:ncler tlic nmount necessury to make uQ the deficicncy. Bc�rruwer shnll make up the deficiency in no morG thnn � � '•
<br /> :.'l'�. .. ,ti t�vclvc monthl ^ mc,�ts, st L�cr!�r'e soln�IZcriClll)I�. . .SV�.��._..,1.,
<br /> y n-��� .,.x_ �.,.:.: .
<br /> Upon p:�ymenl in fidl of iill sums scn�rcd b this Sccurit G�strumcrit, I.Andcr shall promptly rcfund to Borrower u��y ��i:;,:i':. � .
<br /> ..�•� � '` Fun�is held b Lendcr.lf, under ara ra h Z 1,Len�cr sluil l uc u1�c or scll dic Property,l.cndcr, prior to the:+cquisition or salc ,•-=�%);(�'s!�?
<br /> I '4�` of thc P►� n Shull a I an FunJs hcld b I..cndcr at thc t ni:of acyuisitinn or sulc a:;a rrcdit aguinst thc sums sccuresl Uy ��� �`,��,
<br /> � � 1� Y• • PP Y Y Y ��-_.-
<br /> , �. this Security Instrumcnt. • �}:Y_u�-
<br /> ,�. �' �' • 3.A�tpllcutlon oP Pnyments. Unlcss applicable Inu�pruvides othcnvisr,all payments rcccivc;d by Lendcr undcr p:tragrapbs �,r�,..,���.
<br />:;�=M1,s•.:': ;•.� � , P Y p� -� .p �s:s,s�s��^-
<br /> ,,,,�, „�,f, �, 1 and..siiall be applicd: first, to uny prepnymcnt chargcs due under the Note; sccond,to untounts a ablc undcr ua�rz h?; ��....,-
<br />-�^°���t'�"���•� third,tu inlerest duc;founh,to principal duc;nnd last,t�uny latc chargcs duc undcr thc Notc. _
<br /> `"`'"�`'"�""f'"`" �.Cl�urgry;i.lc►►�. Borrower shnll pay all taxcs, assessments, cliur�e�, fines nnd impnsitions attributable ti�thc Propc��ly M�:- -
<br />,.,,.y;,.r�..:.•--•�• -
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<br /> ,:.�•�,���t•..f#N whicl.� may attain prioriry ovcr this Secunry instrumcnt, and luischold pnymenth or ground rents, if unv. Borrativer shall pay �_;-��;�`-
<br /> "'".'_,� ° theye obli�rnticros in tha manner provided in parngn�ph 2,or if not paid in that mannor. dorrower shall pay them on time directly �� _
<br /> �1,,,��,�.���„ � , to the pcisi�n rnvr.cl paymcut. 13orrow�cr shnll promptly turnish �o L.t:ndcr all nodces of umount�:to bc puid undcr this para�mph. �;;._
<br /> x�.++f�:•..e.��� If Borro±vcr makes thesc paymcnts dimctly,Qorrower shall promptly furnish to I.,cnder reccipts evidcncing the paymcnts. � --
<br /> „�..:�,;�!�-rs��:.. a�.T,...,,�,��;�ii F,�.lrYt��dl��h�,•3e�n�, ���n W���h I����prinr�ry�ver thiF Sr.curity Instrument unless Borrowr,r: (�i)ubrees in �
<br />"'`�°=�"�±���•!nw•e�,� xvriting to tlie puyment oi'the obligation hecured by the lien in a manncr ucceptablo to Lrnder; (b)contests in goad tnith thc lir.n ��:��` "---
<br />---������`'"� by, nr defends uguinst enforcemcnt of the Ifcn in, Icgnl procecdings which in the Lcnder's opinion operatc to pn:vcnt the �V�
<br /> -~�"� enforeement of thc licn;i�r(c)secures from Qu holder of the lien an ugrecment satisf:utory to l.endcr suFHxd�nnting the licn to -_
<br /> �-`=���'�'�•� � ¢his Security Cnstrument. if I.enJcr dctcrmines thnt any part of thc Property is subject to a lien which mity attnin priority ovcr _
<br /> v�,--,�� this Sccurity Instrument, I..cndcr muy givc Bnrmwer a notice identifying the lien.Bi�rrowcr shnll sntisfy the licn or take nne or
<br /> °--•�Q1�'�■ morc of thc acti�ms sct fnrth itbovc wuhin 10 dnys of thc giving of noticc. _
<br /> _°°-�:� 5. Hnzard or Pro�erty Insuranee. Dorrowcr shall kecp thc imprrnements now cxisting or hereaftcr crcctc,�i on the �_�
<br /> � rropeny insurc�f aguin�i 1un, by f r�, ha�,r�;�n:lud� �i:.".in t.".� i�rn, "�vtrnrlr�l r�vrrave" and uny othcr haz:irds, iticluding
<br /> .��� flaods or Floodin�;, for whicl� Le+ider requires insurance. This insurance shull Uc maintnincd in the umounts and for Rhe per[cxts —
<br /> .,,�r,p.�Y..,����
<br /> _._.__.���y�� thtu Lendet r�quires. The insurance carrier providing the insuruica ahall be chosen by Borrower subjec:t to L.ender's approva
<br /> ---==v,;�:� which sl�ull not be unreasonably withheld. [f Borcower fails tn maintain coverage described above, L.ender may, tU L�;ndor's
<br /> _____-�ry%±%� - option,ubtttin r.overage to protect[.endot's xights in the Property in accordnn�e with paragraph 7.
<br /> _ �=�„Q,,� All in�ur�u�cc policies and renewnls shall be acccptable to L.emdcr and shall include a standard mortgage clnuse. Lender
<br /> --=�----- shall havc the right to hold the�olicics and rene�vals.If I.ender requires,Borrower shnll promptly give ta I.endcr all rec,:ipts of
<br /> =----- paid premiums und eenewnl nouces. In the event of lo�s,l3urrower shall give prompt notice w tho insuranoe carrier nnd Lender. ��
<br /> '-"";;;;��� Lc:ndcr mxy mnkc prcwf of loss if nnt madc promptly by Borrowcr.
<br /> -:�`E� Unt�ss I.ender and 13arrawcr othorwisc iigree m writing, insurance prnceeds shall be npplied to restorntiai or rcpAir of the
<br /> ..:���� propeny dnmagcJ,if tl�e n:smration or rcpair Is cconomicully fe��sible und Lcndcr's securiry is n�t Icss.nccl.If the restvration or
<br /> —.---�— repair is not cconomically fcasibte or L.ender's security would bc lcsse�icd, the insurancc procceds sl�all bc upplicd to the sums
<br /> si:cure,�i by this Security Instrument, whether ar not ehen duc, �vith nny excess puid to Borrower. If Bnrrower nbandons the _
<br /> ___- —. Property, or dc�cs not unswer within 30 dirys n notice from Lender thut the insurnnce carri^r hns offered to settle a claim,then
<br /> ---- -- L.cnder mny callcct thc insurnnce prQC�,cds. Lendcr may usc thc prncceds to rcpair or restore the Property or to pay sums
<br /> -- - sccurcd by.thls 5ccurity Instrumcnt,whether or not thcn due.The 30-dny period will bc�in when tlir notice is given.
<br /> Unloss I..ender nnd Eiorrower other�vise agree in writing, any app:icntion of proccals to principul shull not extcixl or
<br /> �st�x���e thc due date of thc monthly payments rcforecd to in puragrapiis I mid 2 or chango the nmount of thc paymcnts. If
<br /> under paragmpf�21 She Property is acqwn:d by i.ondor, Borrower's n�ht to cuiy insurance policies and procceds resulting G•ont !
<br /> damugc ro thc Propcny prior to thc acquisition rhall pnua to Lendcr to tlic extcnt nf thc sums securcd by this Security instrumcnt
<br /> �-- immcxfintely prior to thc acquisitiun.
<br /> '-�' 6.Octu�►K.y,I�rescrvetlon,Nlaintonance end PrMcetion af the Property;Borrower's I,oan Applk�utlon;i.cascholds. Y
<br /> � Borrower shall accupy,est�iblish,;uid use the Propeny ns Rorr�wer's principal res�dencc withln sixty aays aftcr the cxecution of
<br /> � tl�is Security Instrument anJ shall continue ta occ�py tl�e Property uti Borro�ver's principal msldence for ut Ieast one year nfter
<br /> tl'ie dlte of occupancy,unless I.cnJ�r utherwise agrees in writinF, whfch consont ehall not Ue unrcasonably withhetd, or unless
<br /> extcnuntfng circumstunces exist which �re lxyond Burrower's control. �orro�ver shall not dcstroy, dnmagc or impair thc
<br /> _;� Property, allow thc Propcny to detcriomtc, or couunit wastc on thc Property. Bonowcr shall bc in default if nny forfciture
<br /> �-= action ur procceding, �vlicd►er civil or criminul, is begun that in Lender's good fnith judgment could result in forfeiture of t}►r,
<br /> -'�'� Property or utl�cnvisc matcrial;y impair thc Ucn crcatcd by this Security Instruntcnt or[.endcr's sccurity intcrest. IIor4•ower muy
<br /> --- cure such a dcfault und reinstutc,as provfdcel iu p:uasraph l8,by causmg the ncrion or proceedln�;t��bc dismisscd with a ruling
<br /> thnt, in Lcndcr's gcwd faith dctcrminatlon, precludes forfciwre of the Burrower's intcrest in thc Propcny or othcr matcrial
<br /> = impairme��t oF die lien crcatul by this Sccurity Instrument or l.ci�der's security biterest. Borrower shall also be in default if
<br /> ' Ik►rrower,during the loan application process,gave materinlly Cnlse or inac.curate information or st.�tements to Lender(or fnilal _
<br /> � to pmvi�lc l.endcr with any matcri�d informatlon) in cnnncctim�with thc lonn cvidcnccd b�ahc Notc, oncluding, but na2 limitul ��.�
<br /> j -�— to,��epresentations concernuig Born►wcr's occupancy of the Property us a princ:ipal residcn:e. Jf this Security instrun�cr,t is on a __
<br /> Icaschold, Bnrro�vcr sluill cumply with �11 thc provisions of the Icasc. If Borrowcr acquires fcc tidc to thc Praperty, thc _ -
<br /> ' lcascltold and dte foc tiUc shall nut merge unlcss Lei�dcr agrces to thc mcrgcr in�vritin�.
<br /> 7.I'rotoction of Lendcr's RightH In thc Property. If 8orrawer Fiuls to perform thc mvenants and ugrcements cuntaincd in __
<br /> ----- this 5ecurity Instrunteitt. or dtiero fs it Iegal prnccedin�; that mny significantly nffec!Lcndcr's rights in the Property (sucl�us a -
<br /> - proceeeling in bankruptcy,p►�obate, fur cundemnation or forfciturc or to cnforce laws or r�ul�tions), ttur. L.cnder n�.zy�do und ___=
<br /> ,_ .�_ .,�Y... �_...,... ,.,•.
<br /> �ay for whatever is neeessarv to pTUtCCt[hC�i11UC 01 IIlC PI'opCrty a� i.cnucr�a tigui5 m anc r�v�n+•j• .�•.....• ::��•���^���••i �_
<br /> -_ - uxlude paying any sums hecured by i� lien which It39 prionty ewer thls Securiry Instrument, appe�►rmg in cuurt, paying �_---
<br /> � rcasonablr:nttorneys' fccs und cntcring on the Propeity to makc repairs. Although L.cttdcr may tnke action under this paro��7�ph �_.�---..--
<br /> .0..
<br /> 7,L,t:�xter dn�s nai havc to do so. �•.�-==--
<br /> Any ranounts dfsbursed by I.�nde� under ehis p3ragruph 7 sl�ctll become ndditional debt ot' Aorrower sa:ureci by this ---:-�____
<br /> - Sccurity Instrumcnt. ilnless IiUrn»ver und Lendcr ngrec tn other terms uf pay�nent,thesc umounts sNall bcar intcrest from the �'-'"M�-=-__
<br /> datc of disburscmcnt ut thc Notc ratc und shull t�c payablc, �vith intcrest, upon noticc fram Lcndcr ta Borrvwer rcqucs�ing o�--��=___
<br /> R' =`_—
<br /> Q:ryntcnt.
<br /> g.riturt�uqc I��sue�unzc.If L.cndcr requircd mortgugc insurancc os u cnnditfon of making thc loan sccured by this Sccurity "``_�"'''"-
<br /> _ Instru�rknt. l3ot�rower sl�ull pay the prcmiauis requirc�f to m;iintuin the uwrtguIIc insurmicc in cfl'cct. If, for uny rcason, the �.F:•�==
<br /> _ _ R'^-�-.�.:--:.
<br /> �� nwngugc insunmcc cuvcragc rcquircxi by L.cndcr lapscs or rcascs to bc in cffcct,Borrowcr sB;dl pay tltc prcmiutns rcyuii�xi tu �—
<br /> ----- obtain covers��;e substuntially cquivaleut tu Ihe ni�rtgage insumnce previously in effect. ut n cust substan:ially equiw,d�:ut to the i��i:iii;�:?-�-
<br /> cust to Borrowcr uf thc mongt�gc insurnnce prcviuusly in effect, fr<�m un nitcrnatc►nortgoge insurcr upprovc�cl by Lendcr. If � _.
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