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<br /> � 'il�e.Fiu�is.st�i[ be beW in�ars instil�iwi W4ose dep�its a[e inwred.by► a fedetat agency. ii�uummtatnY-� 4�1' . � -,:
<br /> _ .(inciudi�Le�sdet.if E,ender ix such an i�titutiaa}.qr in any Fcde�al Noa�e Loao Baor.I�nder shalt app(Y the Funds to pry,the
<br /> Esc�uw Ttett�.Lendc[�rtnY nqt cifsrBe Bortowa fa 6okliag at��pp�IYing tl�e Fu�pds.annually�natyzing the escmw ac�ao�..a
<br /> verifyi�thc E�'�r[tcm4.uMas I.ender p�5 Bortawer p�teRSt ue t6e Funds ar�d appt'tc�ie�law perrtuts i,e�fer to m�tct.such •
<br /> a c�e.Hawevu.t.e�r m�y require 8orsawer to pay a ooatime charge fbr an ifldependent resl�tax reporting serv�oc .
<br /> 'usad't�y�Lerder�in connoction with this toan. untess applitable !aw pmvides dli�erwisc. Untess an agroement is made ac �
<br /> �lia�Me!iw ra�ins iateresi to he paid.i,cnder sluil not be requi�ed ta pay Borc�a�wer any iritcrest ar earni�gs t�n tf�c Fuads. .
<br /> Borrovrer and i�eMer may agrre m wdting. hav�•cvu.t l�t interest s h a 1 1 6 e p ti d on i t�e e F w r d s. L e�e r.s h a l l g i v t t o B o r n a w e r.
<br /> . witla�rt charge�an a�nu�i x�u�ng o�the Fuuds.sdowiag credits and debiu to-the Fund�and tlie pucpose for whfich qc6
<br /> - debit ta titc Futds wa�sn�de.'1'!�e Fwds ate plddged as addilional se�rity fac all suau socuc�by thes Seturi�y,ttt�trpmeot.
<br /> . � If Ihe Funds betd by I.mder exca:d th�atngunts pe�tted Eo ife t�eld by�appliqble law.lxnder shall account.to Bomnvvec
<br /> for tbe escag Funds in�otidanoe with Ne r+equiremerts of applicabte taw. IY the acno�at of the Fwds heGi hy Lendec.at aay
<br /> wme is mt siifficient to pay the Eserow Items wben due,Lender may 5o notify Sormwes in writing.amd.in such case,�orrawer
<br /> st�l pay to.L�er the amaunt oecessary ta maice up the deficiency. Borrower sf�ll maice up the defic�encyf in no more tlrrn
<br />- tvvetve maXhiY DaYt�nts.a[l.cnder's sok discRtioo. � .
<br /> " vP�WY�in full�of all sums.saured.6y this Security Inst�ument. Letder.shail ProqtptlY nfund tp BorrowCr any ,
<br />--� Fwds held by l.ender.if.uc�kr paragapU 21,Lender sh�ll arquire or scll tbe Property.Lender.prior to the acquisirioa or saie
<br />��;3 a�Lf��tLQe�P��o�pc�*ty��.,�sh���ll�apply any Funds heiQ by l.endcr at the time of acquisition or sale as a cr�t against the sums sn.�urea by
<br /> S WL1�7Grll�lty LOY Wl�i� t . ' •
<br /> -. 3.Appl�Catian ot PaYmeats.Ur�ess applicabte law proviQes olherwise,al!Trayments received by�.eoder wder paragrapdc _
<br /> 1 and 2 shaq be applie�:first.to anY P�9mrnt charges due under the Nate:secoud,ta amouats payable tmder prrag�ph 2� �;�
<br />-. iltird.to interest due•foarth.to princip�kdue:and last,tu�y.tate d�ar8es due under the NeKe. - - �_...
<br /> � 4.CM�r�;.I.ia�.Borrower shall pay all taxes:assess�rents.ci�ar8es.fines aad impositions attributable to the Pcoperty �';�`.-_'�'�
<br /> ` ; whici�may.attaia priorin o4er this Security I�uinent.a�W leasehold payments qr gmund.rents.if any.Borrower shal!pay :-�'_��
<br /> these ab�igations�n the marmer psovidpd in puragrapt�Z.or if tiat p�id�in tt�t manner.Borcower st�tt pay them on tia�e diractiy. --_
<br /> to tbe person owed payment.Borr+nwer sit�l!PmmpdY fumish to l.eater all�noticts of astwwnts to be paid under this paragraph.� ;;::,�': '.
<br /> .,_r,�� Lf Bomawer makes tt�ese p�Yments diraxIy,Horrower shal!P►romPdY fumish to Lender receipts evidencin8�PaY�+�• � �
<br /> - Horrower sdaU promptly discharse aury lieo which t�as pnority over this 5aa�rity Gut�ument uWess Borrower:ta)agnes in
<br />_.�;� writing to tGe payment of the obtigatlon socarod by tbe lirn in a manner aoxptabte to Lender;(b)coirtesis in good faith the lien - _
<br />,- . �. .... �� by, ar defends against enforccme�tt of the lien in. legal proceedings whic[� in tiie Lender's opinion operate to preve�u the _
<br /> • .��,w;�.:��.. enforcen�ent of the lien;or(c)secures from the holder of the�lien an agreemeirt satisfactory to Lender subordinating the lien to � , . _
<br /> ` . ` -. .R'``._1:-, . " this Se�vrity Insirumeni.If l.ender detecmines that any�-pact af.t6e Prapetty is subject ta a lien wtuch may attain priority aver = �_ d°_
<br /> ' : .��;;�4,;.�;. this Security Insaument�Lender may give Borrower a noqce idetriifying the tien.Bomower shalt satisty the lien or taYe one or � � .,�
<br /> ��'�='�'��=: �=� . more of the actions set fotth above within!O days of the giving of notice.
<br /> ' .w���`' � S. Ht�aed or Peopaty Ins�uaoce. Borrower shall keep the improvements now eaisting ar hereafter erec[od on the • .
<br /> s•--,�,•,.� .
<br /> ���-� � � • Pr insurod nst loss b fire.hazards included within the tem►"extended wverage"and any ather ha7ands, inciuding .�-
<br /> -� :.,. . . oP�Y � Y . ..:�_
<br /> . -�.fir:�.'�_.- ftoods oP floodin$.for which Lender requires insurance.This insurance shalt 6e maintained in the amounts and far the periods . .. �'
<br />• :;i��r; r��"°'� � that L,e►rder requires.The insurance camer Providing the insurance shall be chosen by Borrower subject ta l.ender's approvai -
<br /> ��s::;:��::•.�` which slsall not be unreasonably withhetd. If Barrower fails ta maintain coverdge described-above.i.ender may.at i.eader s .
<br /> ' r� ' � � option.obtain coverage to protect Lender's rights in the Property:in accardartce with paragraph 7. •• • � ,
<br /> .f,Y.' -�.�, _ ._� .
<br /> _��r��_>;�� . . All insurance paticies and nmewals shal!bc acceptable to l.ender and shall inctude a standard mottgage clanse. l�ender ,
<br /> ���,. ,t � shall have the right tn hatd the policies and renewais.If Lender requires.Borrawet shall pramptly give to l.ender all receip�s of �- � `�
<br /> = . .- paid premiums ard szncRal natices.ln[he event oi loss.Borcower shall give prompt natice co the�nsurance earrier and Lender. , , -�r:
<br />� � • Lender may make ptaof of loss if not made pramptly by Borrower. � • ;,
<br /> � . • � Unless Lender and Bonower otherwise agree�n wnt�ng.insurance praceeAs shatl be applied to restoracion ar repair of the � . . �
<br /> • Ptoperty damaged.if the restaratton or repair is econumir,�liy feasible and Lender's security is not lessened.if the restaration ar �• :�
<br /> . � repa�r is nat economically feasible or Lender's security would be lessened.the insurance pruceeds stsall be applied to the sum.s � ��:
<br /> � .. " secured 6y this Security Instrumcnt. whclher or not then due, with any excess paid to Borrower. If Borrower abaudons the � ,r,
<br /> • ` � � �' Property.ot daes not answer within 30 days a rtotice from i.ender that[!�e insurance carrier has offered ta�ettle a claim,then ; .• • � _ ;_
<br /> •'r-.;•~. .... ::,i ; Lender may caltect the insurance proceeds. l.cnde� may use the proc�ds Co repair or restore ihe Propa'ty or to pay sums � : -
<br /> _ •='=-: �,:�•;' secured Is�this Security Instrument.wheiher or not then due.The 3U day period will begia when the notice�s g�ven. ; � r-�-
<br /> "'�-'�•. �``�`�.� Unle'ss.l.endcr and Hc►rmwcr othenvise agree in writing. �} apphr�son of proceed4 to piincipal s6a11 nat eatend or � . '�= �_
<br /> . - posipone the duc date of thc month3y payments referred tn in paragraphs t a n c i 2 or c hange s��a.snnnm of the payments. If •
<br /> - ' ' � • under paragaph Zl the Pmperty is acqu�red 6y Lender. Borrawer's right t�any imurance p�lic:e.+aad praceeds resulting from E • .
<br /> . ' _ •;;�,.;. . damage to the Prope�ty priar to the acqu�saion shall pass te�l.ender to the ecter:t of the�umy�ecured by chis Security Instrumene � .
<br /> . .•�. �. .�..� .�.., immedlately pdor ta thc acyu�sition. �
<br /> • LM 1.•�,.� � �
<br /> ,; ���•-����,;:�• 6.Occup�ncy,Preservatbn.Maintenance and Prut�ction ot the Property:Borrower s Loan Appiication:Leasehotds. : ._
<br /> '�;..�;.;�'�.:;:,. _"�,:sx.
<br /> ,.,,#;,,� ,,r• Borrower shall accupy.establish.:u�d usc the Praperty ati Bonawer's principal rc��dcnce within sixty days ai'ter the executinn of � ..
<br /> • �'�y�?' �;��•• • this Security lnstrument and shall cantinue tU uccupy the i'ropeny a�8orrawer's principal residence for at lepst one year.after • �`'`~"''
<br /> . � " �� '� thc date of nccupancy.untess I.ender[stherwisc agrees in writing. which amsent.haU nat Ue unreasana6ly withhcid,or unlecs �� , .
<br /> �`�:�>��� �. extenuating circumsras:ces cxist which are beyond Barr�wer's control. &�n�uer shall not deuray. damage or impair the '
<br /> � �. � . propcety. a11uw the I'roperty to detcri��ratc. ur cammit wa�te on the Propem. &�rruwcr shall be in default ii any fa�f'eiturc �` �
<br /> , �' � action oF�-aceeding, whether civil ar criminal. is hegun lhat in I.Ander's gooct faith jucigment could resuit in farfeiture of thr � •
<br /> � • � '�''. Property ar otherwi�tnaterially impair the licn cre�atecf by thi�Sccurity Instrument oe l.en4�r t.recurity interest.&+rri�wer may • . . . .
<br /> �• cure such a default and reinstate.u�prnvided in parAgraph 18.by cau�ing the actic�n nr pnyv.x:�ding tc�be di�mi.rred with:�ruling .
<br /> � � � that, in Lcnder's�ood faith detcrminatian, preclades forfciturc of 1hc Bczrroa er'� inicrc�i in the Property or c�ther matcrial .
<br /> • . , �. impaim�ent nf�he tien cr�ted hy thi�: Sccurity tn�tnamcnt or i.cnder's security intere+t. BOTfOt1'Ci Sj1ilIl iils��be in default if
<br /> � Borrower,during the luan applica�ion pr�xe�s,gatir mvteriaUy talu ur in:�ccurate information at staternen[c to Lendcr I��r failed .
<br /> � to provide Lcnttcr with�tny matcrial informatian►in cc►nncclinn with thc loan cvidcnccd by thc Note.including.hut nnt limitcd . '
<br /> . ta,representati�+ns eaneem�ng&�rrowcr'ti arcupar.cy ut'�he Property�a�u prinripal re�:iden:.e. 3t thiti 5ecurity lnstrameat is on u . .
<br /> ' �'''�';:� leasehotd. Boaower shall rcimply with .dl �hr �rovitiinn�. u( :l�e tc:ac. lf &�rruwer acyuires fcc tiUc ��� the propert}�. ihc
<br /> � • "�'� �; leasehold and thc fce.titic�hull na1 mcrgc unless Iti�nder agrecsto�hc mrrgrr in writing. ,
<br /> . � .. 7.Protecliotr af I.ender's Ri�hty in the i'hn►perlr•.If H�+rrower fails to perform thc r��vcnunts and aeu;�:nicnts eontaiaed in
<br /> � • this Secarity instrucr.ent.or 16crc iti a 1eg,d proccc:Jing th.d ntap�ignificantty at"fect l.cmder's right�in thz E'raperty I�uch as a
<br /> proceeding in bankrc:ptcy.prabate. fizr condemnstioa nr f�srfeiturc ar ta eM��rce law•�ov rrgtsla�i�m��.then i.ender may do a�xl •
<br /> �• •. � ' �ay for whatever is neccs.rary tu prutcct Ihc v�lue of ihr property und Lender's right�i�T the Pruperly. l.ender's actions may
<br /> . mclude paying at►y sums securcd by � licn whiclt h:�+ priurtty c�vcr tl�i5 Security ln�trumrnt, uppr.►riug in awn. p�aying
<br /> • •� . ° • reasowble attomcys' fces an�i cnteriog<in thc pwperty to m:�ke rrpairs.Althuu�h Lcudcr may tukc action un�ter this paragruph . ,
<br /> ' 7.LcnQcr dtxs not h�vc tv do tin.
<br /> - - -- -, _' .. � Any :unnunts disbursrd by Lendcr undcr �his �r�ra�rapl� 7 tihall hrrome additional dch[ af F3��rrowcr sccurcd by �hi.r
<br /> . . . �� 5ceurity•lnstrument. Unless Bim«wrr:u�J Isudcr agrze tn alhet tcrms ui payment.the�c:uiwuut�sh:ill beur intere.r� f'rnm the
<br /> date of disbursement al the Nate r.�tc: �ind �hall he p�ayuble.tiui�h interest. u�xm noticc fram 1.et�Qer tu�rruwer reyuc�ung
<br /> ' ' p�ayment. •
<br /> • 8.Morfptge Insur�ttce.lf Le:tr�icr rcyuircvf inurt�:tge insurunce as a condition of makink the IExui�ccureJ hy thi�.S�tiarity
<br /> • Instrument. f3nmiwer shull p�ay thc prcmiums rcquirrd t��m;tintain the mnrlcage ii�.ur.uicc in rffccf. If, fi�r uny rea�un. �he '
<br /> . . � � _� _`i`_ _ mort�age insur�nec coverage required t+y Lender lapse�ur r+:a�cw tu hc in effect.K��nuti�er shal►pay �he pre�uiums rcyuircYl tu .
<br /> ---.�_" �- ---- �BtSin ea�+�rage sutistanti:,ify equiv�tent ta�hc mcmgaec irtsurance pre�-im�sip in cffc�-r.'ut��'tnl�tl{�s{:1tif����"CctfitFrtlifii if3 iIK` - ----- -----
<br /> . �, cost tn finna:vcr uf the nturt�ge insur:uue previnu�v�y in effcct. imm:ui :ilternatc nt��flg;��;e inrurer appuwcJ hy l.endcr. If
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