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<br /> � ���.� Lender may.at any te�e.co�ect end hold Wnds in an amount not to exc�ed the ma�amum emount a Iender for a federa�h�etamd mortgage : ,�_;: �
<br /> -<..� ,.: �,.; :
<br />- ` toan may re4uue for Bartow�s esexow accourrt under the federal Res1 Estate SetUement Procedures Act of 1974 as amended from ti�na to . � '
<br /> tcne. 12 US.C.260t ot 5eQ•(°F�SpAry.untess another taw that apaGes to the Wnds sets 8 �ser amount H sa.tgndet may�at any time. ,��:
<br /> ` ` eoQect and hoid Funds o� en amount not to exceed the tesser arnount Londer rtay estlmate tfie amount ot tunds due on Me has3s of . . , .:-;�+..:�
<br />__£_^-�=__..:_`.=V•,f cuaent data antl reasonabie estiQnates ot e�end�tres ot future Escrow ibem5 or ot3tsr��se bi aecordance witA apA�ab[e taw. - -.=-�-�--*;`_�y.
<br /> - The PunQs shail be hetd e� an (nstRutton whose Cepos�.s are Insured by a tederat agency, i�stau�s�asatafay. or m�tily{�c6�d�g l.enm:r.� -- . -. --.�� -.._..
<br /> . . •, '4� Lendzr is suet► an I�stimtion)or in any Federai Hame tcan Bentc. Lender shaU aPDN the Funds t�paY the Escrow ttems. Lendsr may nol ,
<br /> .. • r: :. oharge Bartower for hotding and apptying the Funds.ennuayr e�ahrzin9 the escrow account, or verirying the Escrow Items,un6ass Lender ` ,
<br /> " � : � payy Borrower tnt�est on the FunQs and appticabie taw pecmits Lendet to make such a chacge. Mowever.Lender may requtre Borrower w .., � ;_�;
<br /> . � . ,
<br /> .. - pay e an�Wne c�arge tor an IndeDendeet real estate fex repoRh�g servke used by tender t�conneetion w8t►this toan.untess apPacabte taw ,
<br /> Wn
<br /> � , provides othmw'se. Unbss en agrsement is made or eipp�bb taw �equtres bterest to be 0�. Lender shaU not be r6quitad to paY . .
<br /> •:;.�,::,:�-.�=' Borrower any interest or eaminSs on the Furtds.Borrower artd L�der may agrea in wr��'m9.howsver,that inte�est sha0 be patd on the WnQs. ', ,,_ Y�
<br /> � �`� Lender shaU give to Bartowar,w�hout charge,en annual accouMtr+g of the Funds,showing credds and debds to the Funds and the purposs •�,. �•
<br /> -f=— - ,_-<� tor which eaCtf dehR to the Funds vras made. The Funds are Ptedged es edd3tonal Securiry for aU sums secured by this SewrIIy tnsVument
<br /> ��j If tha Funds hefd by Lender esceed U►e amounts permdfed to 6e hefd bY apPticaDte law. Lender shau account to 8ortowcr fot the " `
<br /> excess FunAS�accorQance wat►the requ�ements of apRGCSbte taw. ff the amount of the Funds hetd by Lender at any thne is not sufficient � '` �: `
<br /> _• ,.� ta pay tha Escrow Items when due, lender may so notityr Bortovrer in wrding.snd, in such case BorroH+er shaU pay to L�ndBr the amount .,� � ` . ' ` ;
<br /> n�essary to make up the deftctencY. Borrower shall matce uA the deficimcY m no more than twe�ve monthly paymants. at Lender's soie . `.�.,
<br /> - - • discreUon. • �`'�•
<br /> ..� ;' � 6U , � % �-
<br />_ ;� Upon payment (n tu0 af a0 sums secured by t�ts Seeur�y InStrumeM, Lender sNaU prompty refurtd to Borrower any Eunds hetd by
<br /> . Lender. If.under P�9�Dh Zt,Lender ShaO ec�ire or SeD Me PmpeRy.Lender.Priar to the acQuisition or sa�of the Property.shall aPPM ,�_�; '<�>
<br /> . . . � any Funds hetd by Lender st the ttrne of ecquisition or sate as a credic against the sums secured bY��+�� InstrumenL •, • '`r�
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<br /> � .' � 3• ApPIiCBtFOQ Of P8yl1t@I1L8. Uniess ePDlicab�faw provfdes offierw(se.eU PaYments received by Lender under pala9raPh5 1 and .. f...�:. _ ----
<br /> ��.�, � 2 shaU be appiie�fQSt.to enY P►eDayment chacges due under 1Aa �tote;second.to emoucrts payabie unQer para9raph�tliQd to intecest `` . , _
<br /> � Que:fourth.to princtpal due;and tast,to any tate charges due under the Nota �''_
<br /> . • . � 4. Chargeati Liena eorrowe.sr�su pay en r�s,essessments.eheBes.fines end�+Dosidons atlnbuteble W the Praperly whiCh may . —
<br />. . � attain primfly over this Security Insttumen� and teasehotd payments or ground rents. A aeY- Borrower shaD pay tRese obGgaLfons tn ihe - ;`-
<br /> ,� manner provided tn paragrapb 2. or it not paid in that manner, Boaow� shaD pay them on time diractN to the petson owed paYmen4 Y�..,
<br /> _ � Borrower s�a0 promptty fumish to Lender a�notices of amounts to be paid unQer thfs para9raph• 1f Barrower makes these payments
<br /> .- � dUectty.Bortower shaU Prorr�tA►h+misA to Lender receipts evldencing ttse Paymenls. . ��_=- -
<br /> � � Borrower sha0 PromPtN disCharge an9 Ilan w�ich has p�oriry over this SecutitY tns�ment untess Borrower_ (a)agrees in writ'a�9 to the .. <a�
<br /> ; ; i_
<br /> ' � ' •�L_ , payment of the ob6gatton secured by the f�en tn a manner acceptebfe to Lender;(b)contests in good tadh the Gen by,or delends 8ga�nsl ,` �,��;_.
<br /> f� ` t� •'�,.., • {',7�a'°'}'s�
<br /> enforcement of the Den i�,legal praceedings which fi the Lenders op5nion opeiate to Prevent the enforcert:mN of the fien;or(c)seeures iram ��l;-
<br /> . � :, the hotder of the Gen en a�eement saUsfactory to Lender subordinating the tien to this Security instrument lf Lender de2ertnines t►iat any t`` ,. ��'_
<br /> .,.,
<br /> ` � - � ` part of the Property is subject W a Gen which may attefi priority over this SecurnY�nstrument,Lendsr may gNe Bonower a notica Identitytng . f`��,.-
<br /> A �'��' the Gen. Borrower shail satisty the Gen or telce ane or more of the actions set torth above wfthin 10 Qays ol the gMng of notice. � .���' �'�•
<br />' ' ' � ' S. Hazard or Property Insorance. Borrower sha0 ReeD Ne bnP��m�� ��W ��9 or hereafter ereCted on the PropeRy = �-
<br /> rt�sured against toss by fue, hamrQs �cNded withrt�the tertn 'extended coverage'and any othet hasard9,inctudtng flaods or Rnoding,for , .;..;��,:
<br /> � which Lendar requ�as insuranca This insurance sha0 be ma�mmed in the amounts end for the periods that Lender requtres. The insurance , �. "'-"f,�` �-
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<br /> � eanier pmvtding the huuranee shall be chosen by 8orrower subjeet to Lenders approval whteh Sha11 not be unreasonabry wrThhetd. If . . :.-��_
<br /> _.._...,., _ __ :s 8arrower fails W matntafi eoverage descr�ed above. Lender may, at Lendefa opUon, obfain coverage to Protect Lenders rights in the : br
<br /> �:'
<br /> � Property in accordance wtth paragraph 7. ���T�-=
<br /> �f AO insurance poftcies and renewais shall be acceptabte to Lender and shatl inctude a standard mortgage ctause. Lender sha(I have the . :, ,,�.�,,. '
<br /> .. ' . rtght to hotd tne poiictes and renewa�s. If LenQer requtres,Bortower shall prompty g(ve to Lender aN recelpts of paid premo�ms an0 renewal , ��;�-:--
<br /> � � . notices. In the avent of Ioss, Borrovrer shatl gNe prompt nottce to the(nsurence cerrier and Lsnder. Lender may make proaf a4 toss N not ��y;,�.=:
<br />• �. made promptty by Bortawer. • .;s�-.
<br /> 'j . UntesS LenQer and Borrower otherwise a47ree in wfRing, insurence DroceeAs sha�6e applie0 to reswration or repa6 ot the Property '„' ;. -,.�•
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<br /> � damaged, if t�e res2oraUon or repab is economicaly feas8�te and Lenders securiry is not lessaned. II the �estoration ar repab is nm ,�,_._
<br /> ' economtcalN teasibte or Lenders securityr wouid�e tessened,the Insurance proceeds shaiJ be appifed to the sums sacured by this Securiry -_
<br /> � � � tnsfrument,whether or not then dus, witt� any mccess Pa�d ta Bortowet. If Bortowet ebendons tAe Property. ot daes not answer within 30 . • -
<br /> � ' � ' days a notice hom Lender that the insurance carrter has oNered to settte a ctaim,then Lender may coUect the fnsurance proceeds. Lender �, ^.,;�`
<br /> �•� � � may use t�e proceeds to repair or restore tfle PropeRy or to pay sums secured by this Security InsWment, whether or not then du0.The ' .�• •
<br /> . . . s 30day pedod will begin when the notiCe is gFren.
<br /> Uniesa Lender end Borcower otAervris9 agree a� writinA�ar►y aAPliCation of procee0s to principal Shall not extend or postpone the due ,. ,
<br /> ` � ' � date o1 the monthy payments reterred to in parag►ephs 1 and 2 or change the amount ol the payments. II under par8graph 21 the Property ' ,. �
<br /> • � ' is acquUed by Lender,8ortowets right to any Insurance policies and prxeeds resufttng from Qamage to tne Ptoperty prior to the acquisition . .
<br /> � � shall pass to Lender to the exteM of the sums secured by this 8ecurityr Insbument immedlatery prior to the acquisiGon. ` ' +:�
<br /> . � 6. Occu p�rtc y� Preservation. Maintenance end ProtecNon of the Property; Bonower's Loan Applicatlon; • � . �
<br /> �� L@88ehOt�8. BoROwer shal{oecupy,establish,and use the Property as 8orrowers princlpal resldence withln sixty days after the execution ,
<br /> `I ' of tnis Securityr Instrument and shall continue to occupy the Property as Bortower's principal resldenca tor et Ieast one year efter the Eate oi
<br /> occup8ncy,untess Lender othervuise 8grees in writing,whbh consent shall not be unreasonabry withheld, or untesa e�tenuatlnp CVCUmstanees
<br /> exist which are beyond Bor►owefs controL Borrower shall not desUOy,damage or impeU the Property. allow Lne Property to detsdorate,or � •
<br /> �� � commit waste on the Property. BOrtower shall be (n 0efautt i1 eny foAeiture actlon or proeeeding,whether ehril or Crimina4�S begun that In . �
<br /> , . Lender'9 good fafth judgment could resuit � foAoiture of the PropeRy or otherwlse materla�ly impaU the I'�en cteated by this SeCUrity
<br /> Ingwment or Lertders securityr interesL Bortower may cure suc�a default end reinstate,es proviS3d in peragraph 18,by causing ttie acUon .
<br /> or proceeding to be dismissed witA e ruiing that, in Lendefs goo0 18ith determination, prectuCes }oReRure of the Bortowers ir.terest m the
<br /> . Property or other material tmpairment ot the lien createA by this Security Instrumen! or Lenders security �+terest. Bortower 5hail elso be in
<br /> , default it BOROwer, duting the loan apDibation process, gave materialty tatse or inaccurate infortnatlon or statements to Lende► (or taited to
<br />-� provide Lender wrth any mateHal infortnation)in connection with the loan evtdenced Ey the Note,inciuding,but not limited to,representatlons .
<br /> • conceming Bonowers occupancy o1 the PropeRy as a principel tesidence. II thls Securityr InsUument �a on a Iea58hoid, 9ortower shall .
<br /> .�` . � comply w�lh all the provlsions ot the teass. If 8ortower acquues fee tftta to the Property, the teusehold and tne fee titte shatt not merge .
<br /> ! unless Lender agrees to the merger in writing. � .
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