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<br /> . 'tlta Fwids�I[�be h�id ia�i ip�tidtdon whose.de�its arc insdted,by a fodeiai �eecY. i�neaWNy'. �r a��� . ,
<br /> ` ' (ieduclios ltnder.if Laed�r es su�fi aa it�stid�ioa)a in s�y Fodemi Hame Lwn i3i�otc.i.rnder sh�tt appiy 1Fie F�mds,to pny d�e
<br /> F,�c�►ttl�ms.ia�de�r an►Y not d�srE�Barmir•a foc hQWin��nd appiyieE the Funds.ao�lty amly�ing the escsvrr aacount,oF� `
<br /> ------� ` � te�der eavs$ormwer 3ntecest ort tbe Fuads and apptic�bk liw,pennits Ltidder w'imlce wch
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<br /> �e ch�rge.�l�ver.l�rndrer mry co.q�re ,
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<br /> used`ble I,e�der in aonoeation vinth this 1oan, �t�pliqtite fa_��v�d�;aherwise. Uakss an agreemmt is tmde or �, ` ----- -
<br /> . �PMicabk Isw toquins intaest to be paid.t.eada s6�1!rat be required to pay Hurmwa aay i�tecest or araings on the Fw�ds. , =
<br /> . Horrnwer�aA i.ender may�ee in wrinag.h ovireva.t�t in[enest s 6 a f P 6 e p a i�o n t t�e F u n d g. I s n d e r s m ll g i v t w�o r m w e r,
<br /> vvi"t6au chuge:�anouat aevo�u�wt8 of tt�e�tnds.sfiowing cradits�nd de6its io tbe Fnnds wd t6e ptupose fot.whicli��h.
<br /> de6it�tL'e Fu�a�t a�dG T6c Faads m ptodged�s additior�i secarity far aU�sax��a!by this Savtii�r Iasuuaoeot:"_'•'`:- - -.
<br /> . . if t6e Funds hdd b�Leode*exc�ood the amounts pamitteA ta be hetd 6y�pQlicable taw,.Lender ahatt aeep�uu w Bo�mwa. -
<br /> for il�e euess Fuods in aooneidaoce with the req�pt+ea�ts ot applicabk taw.If tha amount of tha Fonds h�ld by"ii�nder ac my
<br /> time is not wi�'kieflt w Fay tht Escsuw Itsms who dne.I.eMer may so mtify BorrovYer in writing.and,'id suet�ctse Hormwer
<br /> shvll pry to l.ender th�mmont nmessuy to antce up tbe deC�ciency, Bomnwer shall m�ice up the deficiet�cy in.ra mare than
<br /> -- t�vdre montbiy payments.�t Leadei s sote discraron• �
<br /> UP�P�Y�ut faii af alt��socutiod by this Secasity t�uKat, l.ender s�ll promptly refuad_�o-8ntrower.anY :.
<br /> - Fiuds bdd by I,rnder.L€,aada pnragnp6 21.l,ender shail xquire or seU tbe Propetty.�dec Orior to the aoquisitioa a sak
<br />�F of tbe Rnpe�ty shall appty any Fwds heW by l.ender at the time of acquisipoa or s�le as a c�rodit s�t�t tbe sau�secu�ed by
<br /> �� this Sacarity In�nuacae.
<br />='� 3 Apgliafia�af RaJse�.Uriltss�plicable tav�provides othe:wise.all paya�ents rooeivod by l�nder under par�s ,
<br />�� 1 aoa z sh�ll be applioa:fust,w�r P�Y����aue undu tise 1Voc�socona.to az„amts payable wwa paragi�rh 2:
<br /> �third.to intecrst due-fawtb,ta pnncipal dae:aRd fast.to any tate cliarges due uttder the Notc.. . . .. _ ..
<br /> ' �Cl�e�i.iaas.Borrower shall pay all taxes.assessments.charSes.fines and impositions attn'butable tn We Pmpaty .
<br /> � whicl►may attain priaritY ovtr dris Sceuriry Lmtomeat,amd leasehold�nts or ground rpats. if any.Bor�wer sball My
<br />- ' tAGSe obligations in tLe m�nner pcuvided in pa�agraph Z,or if nat pzid in that mannes Bormwer shaU pay�d�is on timt diedcdy .
<br />_-: -- to tbe pason owod payrtxnt.Bort�aner shall pramptly fumish to i�endes all nodces of mmunts to be paid�9ei this Pu�Ph- .
<br />� . If Bocrower makes ltxse p4yments�ct1y.Borrower sball promptly fitmish to Lendtr reoeipts evidencin8 t�se PaYa�.s-.
<br /> Bormwer s6�lt pmmptly discl�e any lien whicti has pnority ovtr this Savrity Inswment unless Bormwu:(a)�gc�ees in ,
<br />- writing w tho payment of tLe ablig�tion secund by the lien in a manaer acceptable w L�ender,tb)contests ia good faith tbc tien
<br />. by, or befends against enfoncemeat of the lien in. legat proceedings which in the Lender's apinion aper�te W provent the
<br /> '` enforcaaeat af the lien:or(c)socures fram the holder of tlte fien an agreeaierit sarisfactory to I.ender suhordiaadng the liai w
<br /> -T' - - ' this Seci�rity Instrumem:if I�.ertdrr daertrsirns that su►Y p�t of the Property is suhje�t to a liecs whicl►uay attain�ocily oves _ .
<br /> � . this Savqry lnsttument,Le�er cnay give Bormwer a aotice identifying the Len.Bortower shal!satisfy the lirn or taice ofie or -
<br /> more of the actionc set forth above anthin 10 days of the giving of notice. ' ,
<br /> �° S. ��oe p�uperty T�araeoG Botrower shall keep the 'smprovert�ents now eaisting or hereaftec erectsd on the _ _
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<br /> , �. Property insured against[oss by fine.hauurds included within the term "e�ea�ded ooverage"and any.othes hazacds. incEuding _-
<br /> - -- ' �- ' - _�iex+ds or fl�x�ding�for_which Lerd�r_requi�_iastuancs.l'his_iasur�_�a116e maiatained in the arapunts and for the periads
<br /> • thac I.ndrr roquires.The insurance carrier providing.the�insurance sha116e eTo§en by�Harrower subjed to I.endei s a�sproval - - -- --
<br /> , which shall not be anreasonably withheld. If Borrower fails to maintain coversrge descn'bed above,Lender may. at Lei�der's
<br /> • � optioa,obtain eoverage to protect l.endes's righu in the Property in accordance with paragraph 7.
<br /> - Y * •• Att insur.uice patscies and renewals shall 6e ac�le to l.ender and shall include a standard mortgage clause. Lender
<br /> � �t �"�',F_� si�ali have the rigi:t w lis�id the policies and renewals.I Lender requires.Borrower shall prompdy give W E.wder a}I receipts of _ �.
<br />, ' '��,.,. . ' : . : paid prtmiums and r�al notices.In the even[of loss.Borrower shall g�ve prompt notice to the�nsaranae caurier and Gender. � . ''';
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<br /> ,T��,��;.'. . Lender may make prarfof toss if not made prompdy by Borrawer: ., '��;;� ��
<br /> � � ;�??•1'fi'l, Ualess Lender and Borrower otherwise agrce�n wnting. insarance proceedc shall be applied to restoratton o�r�patt af the ��•,-,:s,�; ;;,y
<br /> �'��r>-'`� ' Property damaged.if the restoration or repair is economically fcasible and Lender s secusity�s not lessenal. If the tcstai�tion or ''•t��:•. �
<br /> ,a...W.Y �' ' :.�• i l
<br /> �% .' :.}��.�:�i repair is not economic�liy feasible or Lender's security wauld be lessened.[.h�,insurance procePds shall be apptied.,touhe sums . - . _ y
<br /> ' ' secnsod by this Secority lnstrument, whether ar not then due. with any ex+a..�y paid to Barrawer. lf Borrower�baadons the • r�� �_
<br /> ' . � Property.ar does rnot aASwer within 30 days a notice from Lender tha�th�t�tiu'rance carrier has affered ia settic.a�cfaim,then , _-
<br /> ' � '%-.���� ". Lender may collect the insurance pTareeds. Lender may use t4�e proceed.S'Yo repair or restore the Ptaper(y•ar.to pay sums � .
<br /> , ���" �cured by tbia Security 1nst�t.whether or not then due.'Flie 30-day period wiU begin wfien the natice is giv�a�.:., .. . : . __
<br /> •- .•=- -?�'�;,� Lici3esA IRatder and Borrowc�bthenvise agree in w�i[inL; any application of praceed,c ta principal shall not extend or •• . _
<br /> "r""`�%� s tf�e due date of the mqmh. a ments refcrred to_in ara rA hs 1 and 2 or chaa e ihe umaunt of the a ments. If. � -
<br /> '�,�a��t •::r. ` Po tpo� Y P Y r P, g, p � g. . p y• • ---
<br /> undef patagraph 2! tSx F"raperty is acquimd bc�r�:�der.Bonawer s nght to any insur�nce poUcie!a und proceeds resulnng from
<br /> • '�'_- damage to the Prapert5�,prior to the�:rsi:ier<.�;:!'1 pass ta l.ender to the extem�f the sum.c secured by�G'�,:s Security(nsirument . , __ -
<br /> :��:;'z:: immecku,t.ely prior ta the aequisitic�.. • ' --�
<br /> ,� � ;: 6.�ocup�ocy,Pre�servatim�!��xsttnance and P�otecNan of the Property;Borrower's l.oan Applicatbm,lxaselatds.
<br /> ��3,�,. � Bprc,�4t shall occupy.establish.'.��:use the Praperiy ag Barrower'w principal residenee within sixty days after the eaecution af . . ��-
<br /> r �,���ty�nmumen��nd slsG[I v�ntinue ta occupy the Propeny vs Borrawer s principal residence far at least one ycar after . �-._
<br /> '•� � �`��'�"�` the date uf ac untess�.e::der otherwise a rees in writin which consent shall not be unreasonably withhetd.or unlesv - -
<br /> t` {� �'�,.,,, occuPa Y• E S• . �°";.
<br />�� ` - n, �� � - ' extenuating circum�ta^�ces ex�st x�l�ich are heyand BOnower s c�ntral. Banower thall n�t dettroX:.da�ge or impair the :;�'"�
<br />:i:. ''' ' `�i��'�'."� Property.a!!ow the Prope�sy r3 s3:feriorute.or cammit wastc an the Praperty. Borrowcr tihall be in dcfault if nny forfeiture � . . »�. • ;.•
<br /> • " :,F.:, ,'�.�i. . ' . —
<br />� .. . �%pa�:>�;�?�z�,.e act�on o-proceeding, whether c����=�r criminal, is begun thzc �Lender's gaod faith judgment cauld resuIt 9h forfeiturC of the , i .• .
<br /> �� � � Proper���or otherwise materially irr;qair the lien crcated by thi::5ecuri�y lnstrument or l.ender's security intete�st.&itrawer may •• �
<br /> �.:.r�::. �.;. .,. � cure sccna dcfault and reinstate.as provided in paragruph 18<i•y causing thc acti�m or praceaiing to be dismissed with u ruling . .
<br /> that. i�r Lender s good iaith determinatian. precludes forfeitare of the Borrower's interest in the Prc�petty or other material .
<br /> •�'�"'�-�='�'=-; " impain�r��of the lien lteated by�his Scrurity Instrument ot Lcndcr's sccurity interest. Borrowcr sh�lt also bc in default ii , � ;
<br /> ea
<br /> � ;°'��'`' "�. ' � $or��✓�r<during the I�an applirattnn prac�s.s�ve material�y t':il+e��r in�ccurate informudun nr st�temcnts to I.ender(ur failed � .
<br /> ' '' • - to pra.5�[.ender witb any material informatiun>in c�nnectc��.�t��vith the ln�n cvidcn�rAi by the Nnte.inctuding.but nStt Iimited i.:. .- ..,,.
<br /> • �• . to.repre�entatians cancemins Borrower'�arcupancy of thc Pt+��:ny a�c�principal reside�.1i this Scrurity InSttutt�Cnt�y an a ` , •
<br /> ��.� . lcasehold. $onower sha11 comply witb all the pr�vitii�mv ot'tti_ le;ise. If Bnrrower �cqu9rc� fce litic to the Prupcny. the
<br /> � ' ' le:�sehold and the fee title xhap nm mcrge unle.�Lendcr agrces:o thcm�r�,tix in writing. _ � ' '• •
<br /> . !"'�',� .. 7.ProtecNon of l:ender's R1Rhts in ihe Y►a�perly.If&.nr�wcr i;.�its:ul pi;rfi�rm the cavenunts und v��reemrnts�rinitdnod Ut 4 � � .
<br /> � this SerUdty tnstrument,or there£c a legul prc�ccdin�tha�ttt;:.�r�?niri�ar.cly�ffect Lender's dghis in tltc Pr�+pcny 1!+u�h us u �
<br /> ' procea;ing in bankruptcy,probae�.•Por r�mdcnmatiun c�r fitni:iiun or to cnforrc I�ws ur rc�;ulatiuns). then l.ender muy'd��anJ � .
<br /> , . ::�,�,. : �ay Pe.�ut�atever is necessary t�;c�tect�he vulue��f the Pro�ea�cy anJ Lcnder'k rigMtti in the�Propeny. l.etKfer'� u�tiuns nu�y !
<br /> � :` �nct�.�ii:��aying uny sums secured by :� lien which has pr"s:1s:ty aver th�s 5ecurity lnstniment. upp�rin� in �v�wt: paying ;
<br /> � "'�-'" ': `-� reasonabfe attomel:s fces and entering on Ihe Prnpeny to mal:e rep;ilts:Althuu�h Ix�xlcr m�y tuke Lctiun wKier this p�ragr:►ph i .
<br />-. - • -- . . 7.l,ender dars r.ot,��.-•�e to do so. _ . . . ,
<br /> . • .� Any amounts aTisbursecl by lxndcr undcr thi� paragrdph 7 shntl bc�:ame additi�mal drbt ut'�rm�vcr s�titifrcd by this �
<br /> ' • � '.. Security instn�menl. Unless Bor���er:ttH! Lendcr agrce tor%�riet temts uf p�ayuicnt.�usc amounty�h�fl bear interesi;fram thc _ .. ,
<br /> • � . date of disbursetnent at the Nace rate and shall be p�eysble.�with intcrest, upo» nutirc fnim l.cnder to Burrower tequesting :
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<br /> � . � ' PaYment: ' .
<br /> . • .. � . . 8.Mortgage fnsuraucr.lf Lender required martgage insurance ss�cnnJitio�t oi�ir,�king the lnan securcd by this Serutity -
<br /> � lnstrument: Borrower shall pay the premittms required tu maint�in thc mnttg�gc insuran�r �n effect. If. fi�r:trry r�sson. the � •
<br /> _ ._ ____ ._�__� �' '' ��� mmigage insyrance ewverage,required by lxnder lapses ur ce�.�ses to br in effect.8orrower sh:ill p�ay the prenilums reyuinvi to '
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<br /> ' • •• qbtain coverage substantially equiv:denf tci the mort�ge insuranre ptevfi�asly it�cttc��[, a[a cast snbstmmatiy eqim-a�ent ta ti�� •� -==-�-°=- ---`------ -- -
<br /> , � cost to�orruwer of the mortga�e insurance previausly in clfect. fram:u�:iltcr�►te martgage insurer approved by Lender. lf
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