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<br /> 1'lu t�wxl. shall t+n c�ld in rn iintitution wlx��:. dcp:nit� urc insurea h}• a f��.lrral a►,rn�y. in�trumcnt•rlit�•. „r rntuy � —
<br /> liiklalin}� l.��xlcr. if Lciute�i�>urli un in��iwtion)or in un��FcJc�:�l Hi�nx Luan Bank. l.cixlcr alc�ll«4�ply thc I�uixls tu�w}� tt�c � —
<br /> G.krou• Itcn�s. l.ctufcr nu��ixu chargc t i��rruwer f�ar I►o l Jing:+��1:►p phln�;ih� l�utuls.annually analyiing thc c•rraw urc��unt.ur _
<br /> <<rif�ing�ttc t:.rrow Itcr,i�. unic�s l.e�xier paYs&�rrowcr intcr►st „n th�l�wxl�r�x!ap��licahl� lau•{knuits lAiwter���male.arl�
<br /> a chirgc. Huw•cvcr, l.c�xlrr uuy �'�yuir.fk�rrow•cr to pay a unc•tin�e rDar�c t��r un iiwt�p.�xlcnt rcal cai:�tc s�x r�{x,r.ii�.rrvire �� `
<br /> u�d b�� l.riutcr in runiurtion with tMs I�wi, unlc�s spplicabl� law praci�ic� ��therN•iK. Unlr�� un agrccnknt is m:ulc ur � �-
<br /> up�lira�+lc la�► rryuirc+ intcr��t w tk p'riJ. l.c�xlcr�Ir�ll nut hc nyuir�cl to pa}� &�rruwrr an� intcre.t ur ca�•nin�s on thc Fwxls. � —
<br /> R�.��ruwcr •riul lAiulr�nwy a�:rcc in wriung. Iwwe�•�r, ttwt i�itere�t�h•rll he r►aid nn tiu I�wkl.. l.ciulrr.h•rll�ivc tu &�rruwcr, � L
<br /> w•ith�wt chargr. un unnual uc.uui►�ing ui'�he Fuiuls, �huu•ing crcdit. a�u1 dchits tc.�hc Fuixt. uixi th.�pur(x�� Ibr whinc ��uh
<br /> d e b i t t a t f�r F u i x l.w�.n w�k. T l►e F u t u l.a rc plcci Fcd u�:u1�litiunat ticcurity fu�• �II+um+�c�ur�ti!h}•thi.Scrurity In.trunxnt.
<br /> If the I=und�held by l.��x1�r cr�'ee1 Ihe unxwnts permilt��l tu lu hclJ by appl�rahle law�. Lciulcr.ha l) �rcuuut tu T A�rruucr �
<br /> fur d�c cxcrs�I�uixl.in xcurJanic uith thc reyuirements ol'applirablc law. lf ihc ;u�u�unt uf�hr Fuixt�hcld by Le�ulcr ut;u��• _
<br /> iimc i�iuu sufficirnt tc►pay thc Ekrow itcn�.c wlka duc. l.ciuicr nuy sa�unify F���c�,w�r in w iitinF. ::sti::. 111�UCII C1.tiC E3(lC[(1R'Cf _
<br /> clwll Ew�• to Le�xlcr the�u�u�unt necc�sary w n�ake up ttu:deGcic�uy. Burrower slr.all nr.a;c up tfu d�;ficie�uy in iw nwrc ttun a
<br /> tw•cl�•e mcmlhly payn�ents,ut Leiuler's u�le�liticretion.
<br /> Upan paymcnt in full uf sll +ums securttl hy this Serurity In�trunxnt, l.rruler ahall prwnpUy refwx! tu &�rruw•cr any
<br /> funds hctd by Lcndcr. lf,u�dcr paragraph?I,Lendcr shull acyuire��r�cll thc Property. Lciuicr,pn�x t���hc acyuisiti�m ar wd� __.
<br /> of the Propeny, shall apply any Fuads held by l.ender�t the time af acyuisitiun or sale a��crctifit again,t th� �u�»...���«a ny
<br /> this Security Instrununt.
<br /> 3 Applics�tton of Pi►ymcnts.Unlcss applic;.ble law pro�•ides othcrwitie, all p:iyn�ents rcceivcd by Lender under paragraphs
<br /> I and 2 shall bc appliuci: first,to any prepuyment cluuges due under thc Note; second, to amounts payable uruier paragraph 2;
<br /> third,to interest due;fourth,to principal due;and last,to any late ch:uges due under the Note.
<br /> 4.Charges; Lieas.Borrowcr shall pay all taxes, assessnxnts, ch:uges. fines and impositi�n�atcrilwtablc to the Propert>�
<br /> W�sirh ma)' �ttain priority over this Seturity Instrmncnt. and leasehold payments �u gttwncl rentv, if an}. Borrower shall pay _
<br /> Ihe,cc abligations in the munner provided in paragraph 2,or if noi paid in that n��ner.6orrower shall}v�them on time directly
<br /> t�t'�c person owed payment. Borrower shalll promptly fumish to Lender all nodces o4'anwunts tr tk:paid ur�er tl�is parasraph•
<br /> I�Fwrrow�er mzlces these payments dircxtly,Borrower shall pr�mptly furnish to l.ender receipts e�i.�cnci�c thr payments.
<br /> Borrower shall promptly discha�ge any lien whieh ha.c prionty over this Security Instrument�nlesc B�rrower: (a)agree.c in
<br /> w riting to the payment of the obligation secured by the lien in a manner acceptable to Leixler; (b)���nt�sts in gr►�d faith the lien
<br /> b�•,ur defends against enf�rc�ment of the lien in, IegAI proceedings w�hich in the Lender's opinion operait to prevent th� _
<br /> eniorcement of the lien;or(c)sccures from thc holder of the lien an agreement satisfactory to I.ender subordinating the lien to _
<br /> this Security Instrument. If�ender determines that uny part of the Propeny is subject to n lien which may attain priority over =,
<br /> this Security Instrument.Lender may givc Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or
<br /> more of the actions set forth above wuhin 10 days of the giving of notice.
<br /> 5. Hazard or Property Iacurance. Borrow•er shall keep the improvements now exicting or hereafter erected on the
<br /> Property insured against loss by fire, ha�rds include� w•ithin the term 'extended coverage" and any other hazards, including
<br /> Roads or flooding,for which Lender requires insurance. This insurance chall be maintained in the amounts utxi for the periods
<br /> t:aat Lender requires. The insurance camer providing the insurance shall be chosen by Borrower subject to L.endes's upproval
<br /> which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender muy. at i,ender's
<br /> o�tion,obtain a�verage to protect Lender's rights in the Property in accordance with paragraph 7,
<br /> All insurazke palicies and renewats shall be acceptable to Lender and shall include a �ta.-�iard mortgage clause. Lender
<br /> shall have the right to hold the policies and renewals.If i.ender requires.Borrower shs!!prom�tly'give to Lender all roceipts of
<br /> paid premiums and renewal notices.in the event af loss,Borrower shall give prompt n.�t�.,e tu the�nsurance cariier and I.ender.
<br /> L.ender may make proof of loss if not ma�fe promptly by Borrower.
<br /> Unless Lender and Borrower otherwise agree in wntmg,insurance proceeds shall be applied to restoration or repair of the
<br /> property dam�ged,if the restoration or mpair is economically feasible and Lender's security is not lessetted. If the restoralion or
<br /> repair is not economically teasibie or I.encier's securiiy wuuiu uc te���+...»'s�ur..nx a�x�ls=1ssl1 b'p�;'!!!"d rn rhe cume
<br /> secured by this Security Insttument, whether or not then due, with any excess paid to Borrower. If Borrower abar�dotu t}ea
<br /> Property, or dces not answer withia 30 days a notice from Lender that the insurance carrier has offered to settle a claim. then
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property ur to pay sums
<br /> secured by this Security Instrument,whether or not then due.The 30-day period will begin a�hen the notice is givtn.
<br /> Unless Lender and Borrower otherwise agree in writing. any appli.ation of proceeds to principal shall not extend or
<br /> postpone the due d�te of the monthly payment� mferced to in par.�ra�hs 1 r:nd 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is acquir�by Lender. Bonower's nght to any inwrance policies and proceeds resulting from
<br /> �am3�e to the Property prior to the acqu�s�t:on shall pass to Lender to tl�e extent of tt►e sunu secwred by this Security Instrumerct
<br /> ia�ned�ately prior to the aoquisition. ,
<br /> 6.Oecupsn�.'y,Preservatbn,A�intensace and Protectbn of the Property;$orrower s Loan AppUcation;Leaseholds.
<br /> Borrower sta�E oocupy.establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> this Seccrity Instrument and shal! wntinue to occupy the Property as Borrower's principal resiuence for at least one year afier
<br /> t�se date of occupancy,unless Lender otherwise agrees in writing,which consent shall twt be unreasonably withheld, or unless
<br /> extenuating circumstances exist which are beyond Bottower's control. Bonower �hall not destroy, dan'�;e or impair the
<br /> Propeny. allow the Property to deteriorate,or commit waste on the Property. Barr�wer shall be in defauEt iF any forfeiture
<br /> arction or proceeding, whether civil or criminal. is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Securi�g Instrument or I,ender's se�urity interest.Borrower iray
<br /> cure such a default and reinstate,as provided in paragraph 18,by caus:-g the aetion or proceadiog to be dismissod with a rulie.�
<br /> ti�t, in Lender's good faith determination, precludes forfeiture of the Borrower� interest in the Ptopeny or other nzatecial
<br /> irnpaimient of the lien creat�l by this Security Instrument or Lender's security interest. Borrower shall afso be in default if
<br /> Borrower,during the loan appfication ptocess,gave materially false or inaccunte information or staternents ta 4�ender(or failad
<br /> to provide l.ender with uny material�nformation)in cot►nection with the loan evidenced by the l�ote,including,but not linsit�d
<br /> to,reptesentati�+ns conceming Borro.ter's occupancy of the Property as a principal residence. If tP�ss Security Instrument is ac a
<br /> teasehotd, Borrower shall oomply with ail the provisions of the lezce. If Borrower acquir�s Cce,�de to t�te�Property. t6e
<br /> Lezcehold and the fee title shall not merge unless Lender agrees to the merger in writing. :°�' �
<br /> 7,protectioa ot Leadet's Rights to the Properfy.If Borrawer fails to perfotat the covenants and agreea',er'.ts wntainod in
<br /> _ this Security Instmment.or there is a legal proceeding that may significantly affect Lender's rights in the Ptoperty (such ac a
<br /> ° pcoeoeding in bank�uptcy, prc,bate. t'or eondemnation or ferfeiture or to essforce LRS or reo�.�[�=�n�), then Le:�der may cto and
<br /> pay for whatever is necessary to protect tha vafue of the Property and Lender's rights in the Property. l.ender's actions may
<br /> include payin� any sums secured by a lien which has prionty over this Security Instrument, appearing in coart. paying
<br /> re7sanal�le attomeys' fees and entering on the Property to make repairs.Although Lencier may take action uruicr 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 /> Securiry instrument. Unless Borrower and l.ender agree to other terms of payment, these amounts shall bear interest from the
<br /> date of disbutsement ai the Note rate znd sha1� be payable, with interest, upon notice from Lender to Borrowcr requesting
<br /> _ payment.
<br /> _= 8.Mortgage Ir�rance. lf i.ender required rnortgage insurance as a condition of making the loan secured by this Security
<br /> - Instrument, Borrower shzll pay the premiums required to m•rintain the mortgage insurance in effoct. If, for any reason, the
<br />-:.� mor�gage insurance coverage required by Lender lapses or ceascs to be i�effect.Borrou�er shall pay the premiums required to
<br /> _�, obtain coverage substantially equivalent to the nwrtgage insurance previously in effect,at a wu substantially equivalent to the
<br />=�� cost to Borcwver of the nwrtgage insurance previously in effect, from an alternate mortgage insurer approved by Lerder. {f
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