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<br /> Horrower's escrow account under the �ederal Real Estete Sett�ement Procedures Act ol 1974 as amended��om tirne to tlme, 12 U.S.C. �
<br /> 260t et seq. ("RESPA"1,unless another law that applies to the Funds set8 e�essor emount. If so, Lender may,at eny time,collect snd
<br /> inold Funds in an emount nol to axceed the lesser emount. Lontler mfly estimete lhe emount of funds due on I�e besis of currenl data.
<br /> and reasonpble est�ates ot expenditures of future Esciow Ilems or otheiwise in eccordanCe with app��cable law.
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<br /> The Funds shnli be heW in sn mstitution whose depoalts are insured by a lederal agenC the Funds tol'pAy the�SCrowC lems. (�
<br /> Lendor, ii Lender is such an fnstltut�on) or in eny Federel Home Loan Bank. Lender shaA app y �
<br /> Lender may not chargo Dorrower for holding and applylnp the F�nds, annuaNy analyzing the escrow accounl,or verih/ing the Escrow � `
<br /> Itema, unlesa Lender pays Borrower interest on the FundB and applbflble�aw permita Lender to make such a charpe. However, Lende�
<br /> � may requke Horrower to par a one-tlme charpe ror an Independent real estate tax report�nq senbe used by �endx In conneatlon witha • �.• —
<br /> � this 1oen, unless eppl�able bw Drovides otherwtse. Unless an aqreement is made or appl�nbb kt,�roqulros Inlerest to be pald, LenderQ , {,,
<br /> ehall not be roqulrad to pay Boreower nny interest or enminga on ths Funde. Bortower and Lender may ayre�In writlny, howaver,that� _,�� J
<br /> .« �•� Interest ahell be paid on the Funds. Lendar shall gNe to Borrower, without charqe. an annuel accountinp ot the Funds, showlnp . . -
<br /> ''� credits and debits to the f�unds end the purpose}or whlCh each debft to the Funds was made. The Funds a�9 D�dged as addR�onel`'"� :.., �r : a�:
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<br /> security for aN sums secured by Ihis Secu�ny Instrument. �,;"�ir°�sJ�r•.=`
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<br /> It the Funds held by I.ender exceed the amounts permitted to be held by applicebb �aw, Lender shel �sccount to Borrower for the ;�'I.—X_
<br /> exCess Funds in accordenCe wil� the requlrements of aPpliCable Iaw• II the amount of the Funds held by Lendaz 8t anY tkno �s not ,
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<br /> sutticfent to pay the Escrow Items when due,Lender may so notiry Borrower in writing, a�d, In such case 0orrower sheN pay to Lender �,iYy4!�.�=-
<br /> the amount necossary to make up the def�iency. Barrower Shall make up the det�Ciency in no more then tweNe monthly payments,at =-
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<br /> � Lender'S sole diSCretion. �-
<br /> , Upon payment In full of all sums secured by this Security Instrument, Lender shall prompty relund to Bonower any Funds held by ,`.:��-.
<br /> • � Lender, It, under parayraph 21,Lender shell acquke or sell the Property, Lender, pibr t�the acquisitlon or sflle of the PropeRy,Sheli '.�� .:,i_
<br /> y apply any Funds held by Lender at the tkne of aoquisitbn or sab as a oredft agahst the sums seaured by this Security Instrument. �=•,�;,�,;
<br /> I 3. Appitcetion of Peyments. Unless appl�abie law provldes othervvise,all payments receNed by�ondor under paraflrephs ;_�L
<br /> � t and 2 shall be applied: irst, to any prepayment charges due under the Note; second,to amounts payable unOer paragraph 2;third ,'`Ay`ry
<br /> � to intorest due: tourth,to principel due; and Iast,to any l8te Charges due under the Note. •.
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<br /> ,� , 4. Ch0�gB8; LiC118. Borrower shall pay all taxes, assessments, charges,(ines and Impositlons allritiulable to the Property #.1���_
<br /> �k � wh�h may attain priority ove� this SeCUrity Instrument, and leasehold paymenls or ground rents, if any. Bortower shall pay these ��z+
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<br /> t . Obligatbns h the manner provided in paragraph 2,or ii not paid in that manner,Borrower shaM pay them o�lime directly to the person ;
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<br /> � owed pByment. Borrower shflll promptly furnish to Lender all notices of amounts to be peid under thi5 paregraph. If BOrrower m8kes t;_
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<br /> Ihese payments dfrecty, Barrower shall prompl�y furnish to Lender receipts evidencinp the payments. rees N writin to •,�?�`" {•
<br /> 9orrower shall prompty discharge any Iien which has prlority over this Security Instroment unless Borrower: (a)ag 9 �� ,�,_
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<br /> � the payment of the obligatlon secured by the Ifen In a manner acceptable to Lender, (b)conSests h Aood faNh the Ibn by,or defends ,�
<br /> aaainst entorcement of the Ilen In, legal proceedhgs wh�h In the Lenders opinbn oper8te to prevent IaeGwcurltv Ins!ent'�f�Lende� t,+
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<br /> secures Nom the holder of the Iien an agreement satlstaatory to �eadnr SuGordtnating ihc 4'�n to tt+_ . _ }'�r
<br /> determines that any part of the Property Is subJect to a Ilen whbh may attaln prbrity over this Security Instrument, Lender may gNe ��,
<br /> � Borrower a notice Identifyinp the Ilen. Borrower shall satisfy the Ifen or take one or more of the aclfons set forth above within 10 days ���f4,-
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<br /> ^ of the glving of notbe. `;
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<br /> ;,� 6. Hazard or Property Insurence. Borrower shall keep the improvements now existing or hereafter erected on the �.�
<br /> * Property insured agalnst loss by ffre, hasards included within the term"extended coverage" and any olher nezards, includhp floods or .p
<br /> „ flooding, for wh�h Lender requires insurance. This �nsurance shall be meintefned in the amounts and �or the perbds that Lender r1
<br /> �; requkes. The insurence carrbr providing the insurance shell be chosen by Borcower subJect to Lender's eppro�fll whlah ShaY not be —�
<br /> 'd= unreasonflbly withheld. If 8orrower faiis to malntafn coverage desCribud 8bove,Lender may,at Lender's Optbn, obtaln CoverBqe to
<br /> protect Lender's righis in ihe Property in BCCOrdance with peragrap h 7.
<br /> ��, All Insurance polb(es and renewals shall be acceptable to Lender and shall InClude a standard moAgage clause. Lender shell have
<br /> K tho rfght to hold the pol�les and renewais. It Lender requkes, Bortower shall promptry gNe to Lender aN rscelpt5 Of peid premfums
<br /> � ' and renewal notbes. In the event of loss, 8orrower shall glvo prompt notbe to the insuranoe carrier and Lender. Lender may mnke
<br /> Y, proof of bss If not made prompUy by Bortower. .,.---
<br /> F Unless Lender and Borrower otherwise agree in writing,insurance praceeds shall be applfed to restorRtion or repalr of the Property
<br /> dameged, �f the�estoratlon or repalr Is economfcaliy feasible and Lenders seCUrity is not �essened. II the�esloratlon or repa�r is not
<br /> � economlcally feasible or Lender's security wouid be bssened, the hsurence proceeAS shall be applied �o the sums secured by this �—
<br /> Security �nstrument, whether or not then due, with any exCess pald to Borrower. if Borrower abandons the Property, or does nOt
<br /> ' answer wilhin 30 days e �olice trom Lender that tf:e insurance c&rrier h8c oHe�ed to settle e claim. then Lender may colleCt the �
<br /> * insurance �roceeds. Lender may use the proceetls to repair or restore the Property or to pay sums secured by this Security
<br /> C Instrume�t,N•hother or not then due.The 3aday perfod v�fll begin when the notiCe IS given. ; '
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<br /> Unless Lender end Borrower otherwlse agree In writing, any appliCatbn of proceeds to principal shall not ertend or postpone t e . �:
<br /> due dete of the monthly payments referred to h paragraphs 1 and 2 or change the amount ot the payrnents. If under paraqraph 21 , r.r rf�r;;;`
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<br /> the Property is acquaed by Londer,Bortower's right to eny fnsur8nce pollCles and proceeds resu4ing Irom damepe to the Property prlor .". : . ,
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<br /> to the acqufsitbn shall pass to Lender to the extent of the sums SeCUred by this SeCUrity Instn��nent immedlately prior to the ,� . I' r�
<br /> acq��s�uo�. Borrower's Loan � � �. ''
<br /> 6. Occupanay, Preservatfon, Meintenance and Protection of the Properry; �����
<br /> Applicatfon; Leaseholds. Borrower ShaM otCUpy, establish, and use the PrOpeAy as BOrrower'S principel res�denCe within sixty
<br /> day5 aRe�the exeCUtion of this SeCUnty �nstrument and shall Continue t0 oCCUpy ihs Property as Borrower's p��C�pal residenCe fOr at
<br /> I least one year aRer the date of oCCUpancy, uniess Lende� otherwise egrees m writing, which consent Sha1 not be unreasonab�y
<br /> wdhheid, or unless extenu0tmg c�rcumstanceS 8%ist whfch flre beYOnd BorrOwB�'S control. Borrower shall nol dostroy, damage or fmpelr
<br /> ihe Property, allow 1ne Propeny to deteriorate,or commd waste o�� the Property. Borrower shall be in delault �any to�leRure action or
<br /> � proCeeding, whelhor cN�l or C�m�nal, is be4un that in Lender'S good�aith wdgment Could rosult in forleAure of the Property Or otherwfse
<br /> . - .. ___�. .�_ �:.... ....,e�va ti,. �n�e Sar.�,ritv Instrument Or Lendeis secutity Intere3l. BOrrower mey ture Such e defauk end
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<br /> � remstaro, es provided in paragraph 18. by causing the RCtlon or proceeding to be dismissed with a mling tne�, in iendu�'7 bv�..�a�•�• 1 �----
<br /> � determinet�on, precludes �orieilure ol the Borrow�r's interest in the Property or other material impa�ment ot ihe lien created by thls �
<br />_. Secunty Instrument or Lender's seCUi�ty Interest. Borrower shall als0 be In de�nult ii BOrrower, durhg ihe ��mate BI��t�o matipn)Sln
<br /> - � gave materially f815e or inaCCUrete �n�ormfl��on or Statements to Lender (Or taiied to Orovido Lender with a�y
<br /> connection wdh the loa�evidenced by the Note. �nr,luding, but nOt limfted to. repr@Sentations Concormng Borrowe�5 occupBnCy of the
<br /> PrOperty eS a prinC�pel residence. If this Secunty Instrument �5 or� p Ignsehold. BOrrowB� Shall cumply wdh nu the provi5i0n5 0� the
<br /> iease. u Borrower acquves tee t�uo to tne PrOperty. �he �C�S�h01d 3��d Ih0 �@8 hll� Sh;�ll not merge un�ess tne Lende� agrees to the
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