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<br /> ' ' 'If�Fa�slai�3e hetd in aa i��Wfwse deposits u�e insurod by a f nY•. �Y
<br /> � Cnctudina l�eader.if I.eader is�an ins�titutian)or in an,y Fede�ai Home taoa B�nk.I.a�des shafl apply titt Tuads to pay the
<br /> Esc►nw Itar�s. I�nder mry aot cfia�ge Hornower for holdin8��Y�S t6e Funds.aruwaliy aaalyzing the escrnw aoco«nt.,or
<br /> vuitfying ti�e Fscmw Iteras,unless I�eMer p�ys Bormwa i�t on tHe Funds and a�ppticable law penmts Lender w m�ire s�► ' ' _
<br /> a charge.Howsver.La�der may requin Somnv�relr to pay a ooc-time charga for an inde{xndent real estate tax iepotting seivice'
<br /> osed by I.eoder in connecbon with tti� to�a. unless appHcable iavir pravides otheiwise. Un[ess an agneemertt is made or
<br /> appliable law roquires intttat to be paid.Lender s6ait rot be r�qaiied ta pay Banowet any intctest or wmis�gs an the Fua�ds. ,
<br /> . Bormwer aud I.es�det may agme in wriung.howaver.that interest stiall be paid on die Fw�ds.Le�er shall•give ta.8ormwer,
<br /> witbout rhar8e.an anaual a000aating ot the Faac�,shovving credits and debiu to t6e Funds and the purposc•far which�each
<br /> deb�i to t33e Funds was m�dc.Th�Fetads az+e�kdgod as additiot�al seauiry for al{sums savred hy Wis.Security.Insh'�unent... _
<br /> If thG Funds held by l�c�der eaaad the anwuots penniaed to4�e held by applicabfe taw. I:ender sfialC�accaunt:to.&iiiower -
<br /> � � for.the ezccss.Funds in aococdance witL ttye reqaitements of applic�ble law.If.tha amount•of"�ie�Fuads 8e1d�6�'Le�43�at,a�g'
<br /> tim�is ners�cient to pay the Escmw Itaas wlien dae,Lendet�.�'.s;►n,o�sfr�Barcower in�writiag.,and:�imsucii t�s�S�srtiiwer•
<br /> - sh�11 p�ag.Qm��sider the amount neoes.sary.to make up the defi��a,.�:,B��wE�;�make uQ:the defiaeenay;in�no�ai?c i�'ian�
<br /> _- twelve moi�ftry�►Ymmts,atd.es�dea's sok discre6on. .<:.. .. ..• .`;-• '`':` ." , -
<br /> -- - . Upon paymeoE�iit folliof ail sum�secared.6y.thic Secutity:�tiutomeni:,�LeqQ�n s�iaII PmmpttY�i'und�w.8orrawar`aa�! .
<br /> eo
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<br /> - Funds beid by Lender..if1:���Zl,Lender shail acq�tceaa�sc�ll�ttta Pnmerty,Leoder.Prior to tNe acciuisitiaa ar sale ..
<br /> =-- of th�Pro�ty�sh�ll appl}any.Fur�ds 1kld�bY Lender at tbe t6aa afi aogpisitibn br sate as a credit against the sums se�.wiQ�;by
<br />_ ihis Sa.wiEyy3t�tmneat.
<br /> `= 3.Apg�ot Nayroeat�.iJai4ss appiicabte law provides rntierwise,all payments nceivod by Lender under Parapaphs
<br /> - - 1 and 2 sha116e applied:firs�ta anY P�PaYmeot charges dne uMer the Note:secord.to�mounts payaisle under pangraph 2:
<br /> ' third.co inte�tst due•t'ourth.to principat due;arrd lasc.w aay lau chazgss due under the Nae:
<br />- � 4.Crr�eS;1,1t�.�8arrower sh�ll paty all lues.assessments,cl�rges.fines and impositians attributable to the Property
<br /> ' �which may attafn priority over this Savnty InstrumeM. �d Ieasdx�ld p�ymeats or grou�d n�tu.g,if any. Borrower shall pay
<br /> . these obligatian�in the manner�ravided Inp�g rrph 2,ar if not paid in tt�t m�nner.8orraRer�!!pay them oe time dira�tty
<br /> to the person owed payment.Borrower stwl!pcnmpclY fumish to Lencicr ail notices of amewats w be pafd ur�der this paragraph.�. _—
<br /> - If Horrowcr malces tlxse payments dica;tly.Bamower sbalt promQtty fumisfi to t�ender rcceipts cvidetxin8 tfic�nts. _
<br /> Bmm�wer shall pmmptly d�schar=e my licn which has pnonty ovcr this Securiry itiurument uNess Borrower.(a)Agroes in _
<br /> � writing to ttie piymeK of the obligatton securai by tbe lien in,a m�nner acceptable tn L,ender,(b)contests in goad faith tl�e tiea _ —
<br /> ..;` by. or defends against enforccme►it of.ttte lien in. lega! pruceedings which m the 1xMer's opinion opetate ta provent thc ��-
<br /> ' ' enforcernent of the lien;or tc)secures fram the holdtr of the lien an agreemene satisfactory to Ixnder subordinating the lien to �';;�;.
<br /> � this SSeewwrity Insuument: If LeMer dedermires that su►y pact of.tbe Property is subject ta a ticn whicb may ettain pnority over �.�M':_•.:'.�•.T
<br /> this Socun'ty Instrument.Lender may give 8orrower a notice identifying the lien.Borrawer sha1t satisfy the lien or take one ar . . ,
<br />. . � morc of the actions set foRh above within 10 days of the giving of notice. ,� : ±i;x.=�
<br /> '-� 5. Hasard or Propaty Insuranca Bonowes shall keep the improveroeats now existiag ar hereafter erectod an the •-�.�-=
<br /> t._:::
<br /> .��- _ Pmperty insured against loss by fire, hazards included within the term "extended coverage" and any other hazards. inclading ; _
<br /> flaods or flooding.for which Lender mquires insurance.This insurance shall be maintaineQ in thc amounts and for the periods -__
<br />� that Lender roquires.The Insuranee eacrier providing the insuranee shall be chosen by Bomowec subject to Lender's a�aproval ��:`-,;� -: -
<br /> %� which shalt no►be anreasot�ably withheld. If Borrower fails to maintain covera e descn'bed above, l.ender ma . at�r�aer's f'�"'-'''- "'
<br /> S y , . •�1•`•''F'.•� `- --:
<br /> aption,obtain coverage to protect Lender's rights in tbe Fropetty in accordance wit h paragrap h 7. -
<br />... - .t�• All insvsance Qolicies and rer�ewals shall beacceptable to Lender and shall include a standard mortgage clause.,�endet f=�°.,'�°� ":- �
<br /> shall have the right to hold the policies and renewals.If Lender reqaires.Borrower shall prompdy give to l.ender al!rer�ipts of � �--
<br /> :� �:�'� paid premiwns and renewal notices.In the evene of tass,Borraa��shall give prompt notice to the uisurance prrier and Lxndec. � r��:r�_�
<br /> � �"'`� � Lender may make proof of loss if not made prompdy by Surrower. "' ��
<br /> ' °�_�-' ='� Unless L.ender and Borrower othenvise agree m wntm�. 'snsurance proceeds shall be appliod to restoration or repair of the , . �.�,
<br /> =�r:������ Property damagod,if the restoratio»or repair is economically feasible and Lender's securiry is not lessened.If the restoradon or .":,
<br /> : ;;;'�':; ; -�; repa�r is not emnomically feasible or l.en dcr s security wou i d b e lessen e d.t he insurance p r o c e�ds s h a ll b e a p plied to the sums • i _
<br /> _� ��^s•i sewre�by this Security lnstrument, whether ar not then d:ts,with any excess paid to Borrower. If Borrower abandons the . ' ,�,..
<br /> � •��>'�=;� P r o p e r�yr o r d o e s n a t a n s w e r w i t h i n 3 0 d a y s a n o t l c e f r o m L e��r t h a t t h e i n s u r a n ce c a r r i e r h a s o f f ered t a settle a cta��r, then ' -�_
<br /> �:`_y.,..r
<br /> 5�.,4,����. �. Lender�y coltect the insurnnce proceeds. Lender may use�k:praceeds to repais or restore the Property or to pa� s�ms ';�y
<br /> -_ �=���` ' �=�:- secured by tJ�is Secarity Instrumem.whether oc not then due."�'r�30-day period wiA begin when the notice is grven. � ��._
<br /> "'���'� Cnless Lende�� 8orrower otherwise agree in writin�. any applica:.'�on of praceeds to principal shall not exr.�os ��. n'�_-
<br /> ' `:_'�,;:�:,'�'. , posaponc the due date af the momhly payments referred to i:�paragraphs E znd 2 ar change the amount of the payme�ts. if . ,
<br /> undec{}aragraph 21 the Property is acqu�red by l.ender,BorraK'e�'a right to any insurance palicies and proceeds resuttjs�.;from
<br /> > ; � � damage to the Property prior to the aa;�isition shatl pass to L.en�.�r to the extent of the sums secured by this Security irsecument � � ', ,� -
<br /> , '��;'•:-.};-� -�� . �mmediately priorto the acquisition. -�*---�
<br /> � :� �" �,, 6.Occup�.�,Presecvallon,M9lntenance and Protectioa of the Property;Borrowee's Loan Appli�ttioa;Leaseholds. ��' '. _=r�
<br />.. Y.���,s:<< •�._�....
<br /> , ,, � . - 8onower shall occupy.establish,and use the Property as Borrower's principal residencc within sixty days atter the executidn of � __
<br /> ` �=-��`�:='� ' � this Securi /nstrument and shall cantinue to occu the Pro�erty as Borrower s rinci al residence for at teast one esir after - '
<br /> • •� .�.;-,-==�. tY PY P P Y � _.
<br /> � � }. �:_ ' � the da���f occupancy.unless Lender otheswise agrees in az'ir.'r.'.�.which cansent shall not be unr�sonably w"sthhetd.os untess •
<br /> �,F- y,r..:. t
<br /> :•��-'#;�`-_� extenuating circumstances ezlst which are bcyond $orroaeff s �:antrol. Horrowcr xhaU nat destroy. damage or 's^:�air the
<br /> ' �:�:;_,�_..�.� .� Ptoperty.a11nw the Pmperty ta deteriomte,or cammit waste�1 the Propeny. t�rrawer shaU bc in dcfault �f a.�Ec�feiture , ,
<br /> ''� , action or proceeding,whether civi!��r cominal. is begun that i:�Lender's go«i faith judgment cauld resutt in for9�:,:e'of the ,
<br /> ' Praperty or otherwise materially impair the lien rrcated by this Security lns�rument or Lender�security intcrest.Borrower m�y , �
<br /> - -- � �--: cure such a detanit and reinstate.�.�provicled'en paragraph !8.by�causing the action nr praceedin�to 6e dismissed w•ith a ruling � . • __
<br /> � that, in Lendcr's good faith determanatian, prccludcs forfcicate of the Borrowcr's intcrest in the Praperty or ott!er rnateria! '-
<br /> � . .. • • impairment of lhe lien created by'thi�Security lnstrument ar i,ender's security interest. Banower shall also be �n d,fault if �. � �
<br /> ' ' • ~ Be�rrower,during the Icr,�n applicatian proces�,gave materiatly fal�c or inarcurate infarm�tinn or stutements to Lender;or failed � ., . �
<br /> - . '. ` to provide Letrier with any materi�l infarmationj ia connectiim with the faan evidenceJ by the Note.includiag.but nat limited � � •
<br /> � • • to.representatians concern�ng Borrawer's�xcupzrtcy at the i'mperly a�a princip�al residence. Ii this Security lnstrument is oa�
<br /> latschold, &�rrower shall ramply with :�ll thc provisians ��P �hc Irase. If 8c�tro�vcr ucyuires fee tittr to thc Praperty, thc
<br /> ` ' • Ie�asehold and thc fce titic sh�ll not metgr unlctis Lcnder:�grces to the merger in writing. :
<br /> ", 7.Piratectton of l.endtr'S Itights in the Property.lf Finrrnwer failv t�f pcKfi�rn�the c�+vcnantc and ugreement!�cont�ine�f in � • .
<br /> thls Securhy lnstrument.�u Ihere i�a le�al pracceJing that nrry.ri�nifi��ntly af'fect I.ender's rightv in the Properiy (sach:�s a .
<br /> � procceding in bankruptcy.pmbatc, ti�r candcmnation nr fi�rfciture or tu enfurrc taws nr regulationtil,thcn Lrndcr nr�y dc�:�nd ;
<br /> � � Qay for wh�tever is nece+tiary tn prvtcct �he vtduc��f'thc Pu�perty and I.endet'�rigflls in the 1'roperty. Lender'�acunns may `
<br /> � • �nclude paying any �ums �erutrd hy a licn which has prianty ovet thiti Srrurity Instrument, appearing in court. p�ying ;
<br /> - . - �� reasonable uuameyw fecs und entcring��n thc f'raperty u�make rc�aira.Al�h��ugh l.ender n�y wke aclian under this paragr�ph � � . .
<br /> ' . � 7.I.ender does unt have w du su. l_
<br /> � � � . Any vmouuts disbutsal by Lender under this paw�graph 7 sh;�lt hecnmr additiunal Qebt uf Bonower xecared by �his -
<br /> •� Security lnstrument. Unlcs.c B�nower nnd Lendcr�grcc t��ther tcrn�s��f paymcnt, thcse mnaunts shaN bcur interest fram the
<br /> ' ' • cia[e uf disbursemenl ut the Note rate and shall br pay:sblc. with intcrest. upen notice frnm Lender ta BvrrQU•er myacxdng : .
<br />, ,
<br /> . Payment. �
<br /> , : " S.Mortg�ge InSUrance. If Lender reyuit'c.�t ttton�s,e ir:f:rance:�s a eondition of making the lnan scc�.�:�ai 8c�tL<�Se�;utity
<br /> . • '�" .` • . lnsuuatent. Borrower shall p�y the premiums rcquircd to maintain the mort�agr intiurance in ctfcct. Ii, fc�r �Wny c��,h. thc •
<br /> �."._:. , : � �' mnrt�ge insur�tnce covem e required by Lender iapses ur re�as��s W be in eifert,8nrrowtr shall pay the premiurr�n-c;�ired tu
<br /> J=�'-_=- ,
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<br /> ---- - - ' obtain roverage substaittiat y eyuivatem tt�the mRttgage insurance previoasly in cffect,at a cost subsYanfi�u}iy eyUiw.�Irtit fv 1$�- •- =--__-- _=°•-
<br /> . wst ta Bnrrower uf the mort�ge insur.►nce previouqly in effert.frum an ulternate martgage ittsarer:�ppraved Ny Lender. lf !
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<br /> ' . , _. . - - - Cage 2 0l4. . iCtf1130ZA g/� - - -� , . .
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