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<br /> � 'Lender may, at any t�me, col�eCt and hol0 Funds h an amount not to exceed the maxlmum emoum a lender for e fede�ally relatod mortpap� � �`=
<br /> Ilaan may requke la Borrowar's escrow account under the lederel Fieal Estate Settlement Procedures Act o1 1974 as nmended from tk�ie to �''
<br /> tkne, 12 U.S.C. 2601 et soq. ("RESPA"),unless another law IhBt app��es to the Fu�ds sets a lesser nmount. II so, Lendsr mey, at any tme. .
<br /> � 1 Coller,t end ho�d Funds �n an amount not to excoed IhA Iessor amount. Lendor muy estimeto tho amount ol funds due on lhe bnsis o1
<br /> I Current GBtd end reasonebW est�mates of dxpenditures of futwa EsCrow Items or atherwlse fn accOrdenCO wlth appllCabb law• � '.
<br /> I The Punds shell be held In an Inatqutlon whose depolis are InBUred by e lederal ayenCy, „atrumentelity, or entAy (Inc�udinp Lender, il �O • _E
<br /> Lender is such an hatitutlon) or in any Federal Home Loan Bank. Lendor shall appy ths Funds to p�y the Eecrow Items. Lender may not �
<br /> ' cherqe Borrower lor hoidlnp and applylnq the Funds,ennudly entiyshq the escrow Itcaount, or verllylnp the Escrow Items, unless Lende� , -
<br /> '� pays Borrower Intere&t on the Funds and appl�able law permits Lender to make auan a ahtrqe. Howevar, Lender may requke Borrower t
<br /> ' pay a one�tlme chuQe for 8n hdepzndent retl sst�te ux reportlny aenae used by Landor In connactlon wkh th� IpAn,unlees appltceble Ia C
<br /> provides otherwise. Unless an aqreement Is made or appllcable lew requlres hteresl to be pald. Lender Shall not be rBquVed to pa� . -
<br /> "4` � Borrower any Interest or eernings on the Funde. Borrower and Lender mey apree h writhq, however, that tnterest shaN be pald on the FundsO .
<br /> • �'� ' Lender shell qivo to Borrower, without charQe, an annu9l eCCOUnting of the Funds,6howinp credRs and debfts to the Funds and the purpos� _
<br /> lor wh�h each debit to the Funds was made. 7he Funds are piedyed ss addltlonal Security for all sums secured by this Security Instrument.
<br /> If the Funds held by Lendor exceetl the amounls permitted to be held by applbeble law,Lender shall account to 8ortower for the ti
<br /> excess Funds in eccordanCe with the requkements of epplicable law. If the amount ot the Funde held by Lender at eny time Is not suHb{ent =
<br /> to pay the Escrow Items when due, Lender may so notify Borrower In writinp, and, In Such oaso Borrower shall pey to Lendar the amount .
<br /> necessery to make up the deficfency. Borrower shaY maka up the detbiency In no more than tweNe monthly payments, at Lenders sole -
<br /> dlscretion. ,
<br /> Upon paymem in tull of au sums secured by thls Security Instrument, Lender shall prompty refund to Borrower any Funds held by ,��,,
<br /> Lender. If,under perflflraph 21, Lentler shaN aaquke or sod the Property, Lender,Prbr to the acqulsitlon or 8s�e of the Property,shall app�y L,�.;.
<br /> any Funds held by Lender at the tlme of acquisidon or sale as a credtt apainst the sums secured by this Socurity Inslrument. _�
<br /> 3. Application of Payments. Unless epplbable lew provides otherwise, ali payments reasNed by Lender under parepraphs 1 and
<br /> 2 shall be apptied: first, to eny prepeyment charges due under the Note; second, to emounts payable under paragraph 2; thkd to Intarest �;._�
<br /> due; fourth,to principel due;and last, to any late charges due under the Nate.
<br /> � 4. Chargea; Lfens. Borrower shall pay aN taxes,essessmems,chnrges,fines and impositbns ettributable to the Property wh�h mey ��._
<br /> attain priority over this Securi[y Instrument, and leasehold payments or ground rents, �� any. Borrower shall pay these obligatbns in the
<br /> .� manner provlded in paragraph 2, or if not pe�d h that manner, Borrower sh8�l pay them on lYne dkeatly to the person owed payment. �-,:
<br /> � Borrower shall prompty furnlsh to Lender all notices of amounts to be pald under this parag�aph, It Bortower m�kes these payments �_�
<br /> d�recty, Borrower shall promptly Iumish to Lender recelpis evldencing the payments.
<br /> Borcower shal promptly dischsrqe any lien whtch has priorky over this Seourity Inetrument unleos Bortower: (n)ayrees In writinp to the
<br /> � peyment of the obll�atbn secured by the Ifen In a mflnner acceptable to Lender; (b) Contests In good faith the Ilen by, or defends ayainst �,
<br /> cntarcunent Of !h�!!Q.^. !n,�el pmceadings wh�h in the Lenders opinlon operate to prevenl the enforcement of the�en; or(c)secures from
<br /> the holder of the Men an agreement satisfactory to Lende� subordtneting the Ilen to tnis SecurAy Instrument. If Lender tlatermnes tnat any
<br /> pan ot the Property is subject to a Ilen wh�h may attain prlority over this Securqy Instrument, Lendor may gwe Borrower a notice Identilying
<br /> the Iien. 6orrower shall seUsfy the Ifen or teko one or more of the actions set forth above w4hin 10 days of the eivkig of not�e.
<br /> b. Hazard or Properry Insurance. Borrower she� keep the htptOvements now existing or hBteBfter oreCted On the Property
<br /> • insured agafnst loss by fire, haiards ncluded wdhin ihe te�m 'extended Covetege" and 8ny other hezerds, including flo0ds or Hoodinq, for _
<br /> wh�h Lender requfres insurance. 7his insurance shah be maintehed In the amounts end for the periods that Lender requires. The Insurance v_
<br /> �, carrier provfding Ihe insurance shall be chosen by Barrower subject to Lender's approval wh�h shall not be unreasonably withheld. If =�
<br /> f; Borrower tails to malntaf� coverage described above, lender may, at Lenders option, obtah coverage to protect Lender's rfphts in the ���
<br /> �, Property h accordanCe with paragraph 7. �
<br /> AN Insurance policies and renewals shaY be acceptable to Lender and shall Include a standard mortgaqe clause. Lender shali have the
<br /> �• rlght to hoid the polbles and renewals. If Lender r�quires,Bortower shali promptly give to Lender all receipts of pald premlums and renewal =
<br /> �� notfces. In the event of loss, Borrower shall glve prompt not�e to the InsuranCe carrler and Lender. Lender may make proof of loss H not _
<br /> �e made promptly by Borrower. _
<br /> � Unless Lender flnd Borrower otherwise agre9 N wriling, InsurenCe proceeds sha�l be appYed to restoratlon or ropak of the Property �_
<br /> �; damaged, it the restoration or repafr is economica�y feasible and Lender's security Is not lessened. If the restoratbn or repatr is not �_��
<br /> economicelly feasble or Lender's security would be lessened, the insuranCe proceeds sheN be epplled to the sums 68CUred by thls SeCUrity
<br /> Instrument, whelner or not then due, with any exCess pald to Borrower. If Borrower ebando�s ihe Property, or does not answer wfthin 30 �'j��
<br /> •�~� days a riot�e from Lender that the Insurance Carrler has oMered to settle e Clalm, then Lender may collect the Insurance proceeds. Lender �:.�~
<br /> �} may use the proceeds to repak or restore the Property or to pay sums secuwd by this Securily Instrument, whether or not then due. The �=:
<br /> 30•day period wi�begin when the not�Ce Is given. rir�,,_ :�._.
<br /> hg, any epplicatbn of proceeds to princi al shall not extend or postpone the duo • •�'�-
<br /> Uniess Lender and Borrower otherwfse agree In writ P :�:':.....�:-�'xW=_ _
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<br /> � date of the monihly payments referred to in paragraphs 1 and 2 or change the amount of the payments. It under paragraph 21 the PropeAy �:ic�,
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<br /> is acqu�red by Lender, Borrowers right to any insurance policles and proceeds resulting from demage to the Property prlor to the acqulsitlon : ;�a-;
<br /> � shall pass to Lender to the extent ot the sums secured by this Securlty Instrument knmedlately prior to the ecqufsftion. „ :::�:.Rt,:�_,
<br /> 6. Occupa�cy, Preservation, Maintenence end Protection ot the Praperty; Borrower's Loen Application; ti- - •� ��;�,�ti„_
<br /> Leaseholds. Borrower shall occvpy,esteblish, and use ihe Property as Borrower's princpal residence within sixty days sker the executbn .
<br /> of th�s Security Instrument and shall continue to ocCUpy tho Property as Borrower's principal res�denCe tor at �east one year 8ker the date of
<br /> occupancy,unless Lender otherwi;e agrees in wnting,which Consent shall not be unreasonflbly withheld, or unless extenuating CkCUmstances
<br /> exist wh�ch are Oeyond Borrower's control. Borrowe� shell not destroy. demage or Impair the Property, allow lhe PropeAy to deteriorato, o�
<br /> commit waste on the Property. Borrower shall be in delault �flny forfeilure aclion or proceedhg, whether civil or criminal, fs begun that N
<br /> Lender'S good With judgmBnt Could roSUlt in IOrfeilure Of th0 PrOperty Or OthOrw�se mBterlaWy impeir ihe Ilen Creeted by th15 SoCUrity
<br /> Instrument or Le�ders secunty interesl. Borrower mAy cure such a detault and relnstate,as provided in paragraph i8, by causing the action
<br /> or proceed�ng lo be dismissed with a ruling thet, „Lender's good falth determinetion, precludes toAeiture of the 8orrower's interesl in the
<br /> . . .. . ... .�._ ..__.._�.. �__..........,. .,. �d,ao.�� ����rte� mtwrast. Borrower shflll also be in
<br /> Property or other malerfei impa�rtnen[ or tne �ren c;rea�nv ur ����a .>w���v ����.•��.•��•. �• --�•--•- ---- • ' —'---
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<br /> default �� Borrower, during the loen appliCetion process,gave materially felse o� Inaccurate fnfo�madon or statements to Lender (or fefled to
<br /> prov�do Lendor with any material inforrtiat�on) in connectlon with the loan evfdenCed by the Note, �ncluding, but not Nmited to, representatlons �
<br /> concerning Borrower's occupancy o1 ihe Property aS a principal resitlence. If this Security Instrument is on a laasehold. Borrower shpll
<br /> comply wdh all thP prows�ons Of fh0 IBH59. I� BQ«OWB�flCQuY95 �8B title to iho Propahy, the leasehold and the �ee irtla Sh811 not merpe I
<br /> unless Lender agrees lo tho merger m wrdmg. �
<br /> Fo�m 7070 9/00 �
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