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<br /> 'fhe Furxlc �iull (x� IuiJ ii► :u� ii�,Uiutiuu wiwx d�po.ih rr� in.ur�d h� a f�d.ral atic��y, in.lrunten!alit}•. or rntitl� �
<br /> (ineludin�l.cndcr.if'l.c�xlc�ic such�n in�titutiuizl or in am� E�Yler�l HunTe Lwn Danl. l.cndcr�hall apptq�hr Fu�Ki�tu p:iy 1tu r
<br /> �cn,w•Itcnu. Lcixlcr may cku rh:ugc &�rrou er far holding aixl;►pplying tlr.Fwxl., annually ui�.�lyrinG tlu cw�mw :�a•ruunt, ur _
<br /> vcrifyinb thc E.+craw Itcnu, unlc�.�l.ciulcr�+;�y�&muwcr intcrest cm thc I�unds;aixl applirahlc I•rw pc:roil.I.cixJcr t.� nulc�urh _
<br /> a charge. HoKCVCr. L.c�xler nuy� r��yuirc&�rn►w•er t�,�Y��,i�e-tinr�rhar};e for un iixfepc�xicnt nal r.t�tc iar re{x�r�in�scn icc
<br /> u�cd by l.¢txtcr in rc�nncrt�on with thic ii�an, unicsc appiicabie law• pmvidcs alticrwi.c. Uni�.. un J�;I1X111C11I i. i�iaJ.: �tir =
<br /> applirablc I.►�.•a�quires intcrc�t tu be paid, Lcndcr+ti:Ji iwt t+e rcyu�rcd co pay RortaW�er any irucre�t ur c�min�.un tfk i�unds. _
<br /> Hurruucr:u�sl l.�i�r u�y :�rcc in writin�,howe��cr,that intcrc�i�Iwll Ix�iJ un tlic FUINI�. I.tlhlcf�Ii:►II �'lYt to I�xr����r. _
<br /> without ctwgc. :u�;umwl :uruunting uf tt�e �unJ�. .ix�wiuy; crcdils aixl ckbilr tc�tlu Hwul.aiul tlu putyx��c ti�r w•hich c:uh -
<br /> dcbit ta thc Funcis w;is nudc.Thc Furuls are plalgcKl a�;uklitioiul scruriry fur all tium�kcu��d by thi�Scrutity lnuninknt. _
<br /> If the Fwxl�h.td b}• f[.�txier e�rt:ed the ur�uwnt�p:rmittcd!o bc htld by applirahlr law, I.e�tJer�h:tll;u�outtt tu['x�rr�tiw.r _
<br /> fiu thc exc:cc.c!�uncis in;uc��rdvicc u•ith thc rcyuircnxnts ot�pplicablc law. If thc anwunt uf'thc Fuixis hcld bp I.ciulcr at:►ny �
<br /> timc i��uu wfticicnt 1��pay tlu E.crrow Ucmc when duc. L�:tr.tcr n�y sc�ni�tify&►rrow•cr in w�riting,aruf,in wnc�a..a�&�r�•aw��r �
<br /> shall pay to l.erulcr the anxwnt nece.�sary co rtiake up the cieficiency. Qorrouer sh;ill ma{.e up thc deficie�uy in no nwre than _
<br /> twclvr numthly�ymcius, at Lencl:r's udc diccretion. "_
<br /> U�n pavmcnt in full af all .un�.�cuure�l by this Securiry Instrument, lx:nder shall promptly refurxl tu &�rmwer :uiy �
<br /> Funds held by l.etxler.IG under p:tragraph ?I, Lender�hall acquiro or rell the Praper:y�, I.e�ukr,p�iar to the acqui�ition or�le =
<br /> nf the Property, shall apply any Fu�xis hekd by Lender at the Ume of acyu�sition or`ale:�a credit against 1he sun�.s�ecurui by _
<br /> this Security In�tcument.
<br /> 3.Applicatbn af Payweais.Unless applicable law pro�ides otherwise.all paymeut�recei�ed by l..encier uncfer paragraphs
<br /> 1 and 2 shall be applicd: fitat.ti�any prepayment charges duc urxier the Nute: aeco��.i, to unuwat�payable under p:ua�raph 2;
<br /> third,to interest dae;fourth,tn principal due;and last,to any late chazges due under the Note.
<br /> 4.Ctuirges; l.iens. Borrower sh:,ll pay a!1 taxcs,assessments,charges, fines ar.d impositions aCtributable to thc Propeny
<br /> which may attain priarity over this Security Insttument, and leasehald payments or ground renis, if any. Borrawer shzll pay
<br /> these obligations in tt►e n�anner provided in paragrnph 2,or ii not paid in that manncr.Borcower shall pay them on time directly
<br /> to the person o�ved payment. Borrower shall prumptly fumish to l.cnder all notices of amoonts to be paid under this paragraph.
<br /> If Borrower mal:cs these paynxnts directly,Borrower shall promptly fumish to I.ender receigts evidencing the payments. •
<br /> Borrower shall promptly disch�ge any lien which lws priority over this Security Instrument unlesc Borrower:(a)agrees in
<br /> writing to the payment of the obligation secu:ed by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br />- by, or deiernl� again�t C��ib�ceu+cui vi ti�z iie�� i��. tegat �r.a,�.;irgs :�•�ich i� t�c L;.n;er's �p�ni�r o�.rwt� to r::e.:►t :he
<br /> enforcement of the lien:or(c)secures from the holder of the lien ar�agreement satisfactory to Lender subordinating the Iien to
<br /> this Security Instrument. If Lender determines that any part of thc:Property is subject to a lien whieh may attain prierih•over
<br /> this Security Instrument. Lender may give BorroW�er a notice id�ntifying the lien.Bonower shall satisfy the lien or ta1:e one ar
<br /> more of the actions see forth above within 10 days of the giving of notice.
<br /> 5. Hazard or Property Iasur�txe. Bonower shall keep the impro�•ements now existing or hereaftcr erected on the
<br /> Property insured aFalnsi loss by fire, huards included within the term "extended coverage" and any other ha7ards, including
<br /> floods or tlooding, for which Lender cequires insurnnee.This iasurance shall be maintained in the umounts and for the periods
<br /> that Lender roquires. Thc: insur.uscc carrier praviding the insurance shall be chosen by B���w�er subject to Le:xier's approval
<br /> which shall not be unreaconably withheld. If Bomauer fails to maintain coverage describe�above. l.ender may. at Lender's
<br /> option,obtain coverage to protect I.ender's rights in�ie Propeny in accordance aith paragraph 7.
<br /> All insurance policies and renewals shall be�xeptable to Lender and s.'1z:1 include a standard mortgage cl�use. Lender
<br /> shall ha�•e the right to hold the policies and tenewals.If Lender requires,Sorrow:r shall prompdy give to Lender all receipts of
<br /> • paid pnmivau and renewal notic�.In the event of loss,B�•rrowrr shall give prompt ratice to the insurar�ce carrier and I.ender.
<br /> Lea�der nzay make proof of loss if not made promptly by Bonow��r.
<br /> - ljltlCS�IXtMiu iuMi a.lt�uwCt a�ii�cfwi�c iaj�i2c iie Yvi�tin�,li�i�ii"aiwv�'iivC�S'a.�iil t'iC:yi"��iw ii'i.w'ai3i".2:SS:i^.T:°'f:f:Of:llr � --
<br /> Property dan�agad,if the rostoration or npair is emaomicaliy feacibie and Lender's security is not iessened.If the restoration or -
<br /> repair is not ecwamically feasible or Lender's security would be lessened. the insurance proceeds shall be applied to the sums
<br /> secured by this Securiry Insttument, whether or not then due, w•ith any excess paid to Borrower. If Borrower abandons the
<br /> � Property, or does not answer within 30 days a notice frorn Lender that the insurance carrier has offered to settle a daim.then
<br /> L.ender may wllect the insurance proce�.'ds. L.ender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given.
<br /> 1Jnless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not eztend or
<br /> p�stpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the aznount of the payments. Yf
<br /> under Faragraph 21 the Propeny is acquired by Lender.Borrower's right to any insurutice policies znd proceeds resulting fmm
<br /> damage to the Property prior to the saquisition sh�ll pzcs to I.eader to the extent oi the sums secured by this Security Iasi�u�uet�t
<br /> immodiauly priar w the acquisition.
<br /> 6.Occupancy,Pr�servatioa,btaintenaace and Protectioa o�tlu Property;Borrower's l.oan Applicstion,I.eace�otdc.
<br /> . Borrower shall occupy,establish.and use the Propeccy as Borrower's principal residenee within sixty days after the exxution uf
<br /> this Security instrument and sh�ll continue to occug�the Property as Borrower's principal residence for st least one year after
<br /> the date of oocupancy,un't�ss Lender otherwise agraes in writing, whizh consent shall not be unreasonai>ly witnl�eiti,or unlxss
<br /> extenuating circumStances exiu which are beyond Borrower's oontrol. Borrower shall not destroy. damage or impair the
<br /> Property, allow the Property to deteriorate, or mmmit waste or►the Property. Borrower shall be in default if any forfeiture
<br /> action or proceeding, whether civil or criminal. is begnn that in L,endet's good faith judgment could result in forfeiture of the
<br /> Property or otherwise roaterially impair the lien creatod by this Security Instruanent or Lender's securiry interest. Borrower may
<br /> cure such a default and reinstate,ac provided in paragraph 18,by causing the��tion or proceeding to be dismissed with a tuling
<br /> that, in Lender's good faith determination, precludes forfeiture of the Borrow•er's interest in the Property or other muerial
<br /> impairrmerii of the lien created by this Socurity instrument or Letxler's secnrity interest. Borrower shall atso be in default if
<br /> Borrow,r.during the loan applicatiom process, gave materially false or inaccurate informatioa or statements to l.�nder(or failed
<br /> to provide Lender with any mzteriai infomut:on)in connectioe with the lou�evidenced by tl�e Note, including.Iwt not li�nited
<br /> to,representaiions cortceming Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> tcasehold. Borrower shall comply v.ith all the provisions of the lease. If Sorrower acquires fee title to the Property, the
<br /> lezcd�old�nd the fee tiile shall not merge unless Lender�grees to the merger in writing.
<br />- . T.P:atxtir.3 e5 I.xy.°r's: 'tx�.^�ts ia:It��Property.If Sa�yrer fails io perforen the��enants and agreemenu coni2iatd in _
<br /> d�is Security Insinunent, or there is a legal proco�ding that may significandy affect Lender's righu in the Property (such as a
<br /> proceeding in t�atilcruptcy. �robate. For condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> p�y for whatever is necessary to protect the value of the Property and Le:�der's rights in the Praperty. Lender's actions may
<br /> include paying any sums secured by a lien which has prionty over thcs Security Instrument, �pearing in court, paying
<br /> relsonable attorneys' faes and entering on the Properry to�r�ake repairs.Aithough Leader may take a�.Kion under this paragraph
<br /> 7,L.ender does not have to do so.
<br />- Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the
<br />= date of dislwrsement at the Note rate and shall be payable. with interest. upon notice from Lender to Borrower roquesting
<br /> payment.
<br /> S.Mortgage Iceurance.If l,ender reguired mortgage insurance as a condition of making the loan secured by this Securiry
<br /> Instrument. Borrower shall pay the premiums required to maintain the mortgage inwrance in effect. if, for any reason, the
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in effect.Bonower shall pay the premiums required to
<br /> pbtain coverage substantially equivalent to the mortgage insurance previcwusly in effect, at a cost substantially equivalent to the
<br /> cost to Bonower of the mortgage insunnce previously in effect, from an altemue mortgage irsurer a�rproved by Lender. If
<br /> Pp�2 of♦ Form 3028 9;50
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