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<br /> � � 8orc6wets escrow aeeaunt ander the federal Reel Esffite Setttam8nt Procedures ACt of 18T4 as amended itom Ume to t6rte. f2 US.C. ;`4 � `-
<br /> A untass another taw that epp�to the Funds seta e fasser emount. ii so.tend�r maY.at efi►t�me,coftsct and -• ^ °:
<br /> 2sQt et S84 l'� '?. Y� Y.
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<br /> • • ' hotd FunCs�en�rt+ount aot to w�ceed the lesser a�ricunl. Lender maY e���e amount of fYtnds dus on the basts of curtent data '•. � , �: -� � c
<br /> . �.`r and�easonalNe esiUnates of e�anQ3uras of NUUe Escmw tiems or otherwlse in accordai►ee w�h app4cabie lavi. �_ . - °;•,.,.:
<br /> or entdy {rnciu�tn9 .. �•�..:s:`:-;`. '.
<br /> . � The Funds &ha0 be hetd In en Inst�tion whose depOS�s are tnsur8d by 8 teQeral aBenCY. instrumen�yr• ` .'; �.-•
<br /> Lender.it Lender �s suah an InstIDAWn)or in any Federef Home Losn Banic. Cender shaU eaAty tAe Funds to pay U+e Escrow It�ns- - .
<br /> y�. , kender may not eha�ge 8orrower tor hotding end aPPh�g the FandS.ennusuY enaN:in9 the as*xow accounb ar verHyfig the Escrow � � ,�� .`- '
<br /> � , Items,untess Lender pays Borrawer in t e r e s t on tha Wnds and appGeab�la�v perm�s Lender to make such a ctiacSa How�eve,t�ender ; ��
<br /> . �.`••:,�';'. may re4uire Borrower to Ca9 a on�Ume cher68 tor an indepenQant real estate taz reAORinB seTMtee used by Lender tn cannection w3h '`.: �.:� .F� _�°;,.
<br /> . ,. this loan�untess aAP�iCab�law provides otherwise. Untess an agreemant is mads or appltcebie Iaw requaaa fnterest to be patd.Lender � j `
<br /> ��;� in wrd�mg,however.that �
<br /> •� ,�,_...a sha0 not be rectuUed to pay Borrower any tnterest ar eamtnga on the Frnds. Barrawet end L�nder may agreB ',. .:,t�,..,
<br /> � -- - tnt�est shaU be paid on tt�e Funds. Lender s1iaU ahre to Borrowar, wChout ct�as8e.ao eenual secounttng of the Funds.shovring ' ` ,.
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<br /> , cred'ds and debits to the Wnds and Ne purpose far wld�h eecA�to the Wnds eras maGe. The Fmds are p►edgeQ as eQd&ional �
<br /> ' secur�ty t6r aD SumS secured by th(s Sew�Y Instrument _
<br /> � tfcabiB[aw.Lendet SMall 8ceourtt to Borrower for the � � '+
<br /> ;`�:, . . �+� (f the Funds hetd by Lender�d the smOtmts Rem��teQ to be held DY BPA � . .
<br /> � excess Wnds tn accordante wdh the reQuUemmns ot appi4�ia law. If Me emaunt of the Wnds hefd by Lender at eny Ume (s not .., '.. =L
<br /> -• . . suffielent to pay tAe Escmw items when due.lenQer may so notdy Borrower�miiir►g.end in such c8se BOrrowet she(l PaY to tendar ; ., _..
<br /> . `. • .., the amount necesserl►to make uD th�deftcfenaY.Borrotver shaU make uP the QeficieneY in n0 more than twebre monthly PaYments.e� � - : �7;�•-�_
<br /> � Leneers sote discretion. �,,:�:..�:_:
<br /> . . , �po�payment in tu0 of all sums secured by Yhts SecuraY Instrumes�t,Lender ShaO OrompttY�etund to Borrower any funds heid bY . `,�;.«,+,�;__—'
<br />- � . Lendec It.under para�aph 21.I.ender sha➢acqu�a or seU the PropeRY,Lendsr.Prior to the acqufsltion or sate of the PropertY.sha0 ° .yt= Y,_;__
<br /> ' gppry any Funds hetd by Lender at the tlme of 8cquis�Dn or sate as a ccedit agatnst the Sums secured by this 88cur$y(nstrument .��?��=
<br /> . . ' . 3.Aq�ptie�4ion ot Payments. Un(ess apP�����es othetwfse.&0 paYments tecehred by LenQer uRder pera9�D„$ , .•
<br /> � t an0 2 shaD Be aDP4ed:ftrs�to any prepaYment chacges due under the Not�sacone.to emouMs payal�t9 u�der paragisDh�WVd ,_„
<br /> z: �;; �`.��t: to inDa�est du�fourth.to PrfnetAal due�and last.to any fate chaBes due undar tha Note. � _�. .-
<br /> . 4.ChBI$�8;U@tl& Borrower shaA pay a(I laxes.assessmenb� ch2�6as•f0�es and imPos@Ions atffibutab(�to the P�oyeRy ' .:;.�__
<br />- which may at� P�MY ��� Secutfty Instrument,and taasehotd payments or ground rents, � ec►Y- Borro�ver sha0 pay these ±-•�=-
<br />=. - --- �-�- obUgaUons tn the manner provtded in paragreph 2,or tt not patd in that manner,Bormwer shalt PaY tf�em on tims dtcSeetN to the person - - _`°�"-
<br /> � ` . owed payment Borrower sha11 pmmptty tumish to Lender all notices of amounts to be paTd urtd�this paragraph• ff Bortower makes
<br /> ' �� these payments d'Qectty,Bortower shalt promptry tumish to Lender reeeipts e+BEencing tho paym�e�ts• • �.���
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<br /> • ": Burtower sha0 prompUy discharge sny Qen wh1ch has Odor�y over thLs SecuritY Instrumeni untess 6orrower:(a)agrees In wr�t8 to � 4,'-•-_;_
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<br /> the payment of the obfigaUan secured by the Uen tn a msnner accepta6l�to LeisdBr.@)cantests in Sood ta@h the lien by,or defends • �..�:o,,
<br /> ���• agaimst enforcemeM of tAe t'ien In,tegal proceedfngs wt�bh tn the LenQefs oDfiton operafe to prevent tAe enforcemecrt of Ma I�n;or(c) „ `'��='-
<br /> ' '- secures irom Me hotder of the Gan en a�eement sattsfactory to Lender suhardinaUng the Gen to thLS Securny MstrumeM. If Lendet •• •���_'°��=
<br /> ,. . determines that any paR of the Property Is subJect to e Cen whict�may at�eb�Prto�Y over this S�ur�y �sbu�e�. �ender may 9Ive . =:�.•
<br /> '; "•� . _. n':.:J:'' Bortower a notiee tdentHying the lien. Borroxrer shatl setEsty the Uen ar take oae or more o}th�actlons set torth above wRhtn 10 days ':..:; ; -�
<br /> . ot the givmg oi notke. '�`,.�-
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<br /> •� 5. Hazard or Property tnsurance. Borrower shall keep the improvements now m�tsting or hereaRer eracted an the ; : ��4,
<br /> � . • Property insured ageinst loss by flre.hezards inatuded within the term'eMer►ded coveraSe'e�d eny other ha�9rds.inciudtn8 Bo°ds or • .:�._
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<br /> �_.: ftoodtng, for which LenQer requhes insurance. Thls insurance shaii Oe mafitained tn the amounts end for the poAO� that Lender . _�
<br /> • � � � , requ'aes. The Insurence cctrtier Drovido�g the tnsurance sAa►i ba chosen by Bottowet subjeet to lsttQ9rs aDprov8l+►rhich shell nOt Oe ��. :�._.
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<br /> � � � unceasonaby wnhhetd. If BoROwer ta1Ls to ma►ntain coverage deser�bed ebove.Lender may.at Lende rs op Uon.o b t a U►cove r+a g e to . , __�#-�,�---
<br /> • protect Lende�s rights in the Property in BcCOrdanCe with D�9fePh�. . .. .},,�-a�_.
<br /> � Atl bwurance po�ies and renawals sha0 be acce0►ab(e to Lsnder and sha0 inCtude a standard moRgagO ct8use. Lertder shaQ have . . . '
<br /> . � '.%' Iv�to Lender aB recetpts ot pald premiums :.��°"-°
<br /> ,..�. ����. the�ght to hold the po�Cies and �enewats. It Lender requtrea.Borrower sha0 promptty g . .T- _-
<br /> ��" �� and renewal notices. In the event of loss,Barrower sAa11 gtua prompt notice to the tnsurance carr�r and Lender. Lender may make _� :T,_
<br /> - _ - '',: e
<br /> • proof ot toss N oot made prompUy Oy Borrower. W�
<br /> ' ' � � Unfess Lendar and BoROwer otherwise agree in w�i Irt9.lnsurance Oroc.eeds sheU be applled to restorat►on ot repaU of the PropeRy • `P��-
<br />- � damaged, d the �esloraUon o►repaU is economtcaly teasib►s and lende�s securftyr is not tessened. 8 the�estoraUon ar repair ts not ' -�,Q�
<br /> � � � economicaityr teaslDi� or lender's securiry would 6e laasened,the insurenCe proceeds shaD be applted to the sums secured by thfs = , �
<br /> Securnyr tnatrument, whetAer or not tnen Que, with any exeess Paid to Bortower. If Bortower ebandons the ProDerh►. or does nat ;
<br /> 5:, � � . answer within 30 days a nottee t�om Lender that the insurance carrler has offered to settta a ctaim, then Lender may coRec! t�e . . •
<br /> �' insurance proceeds. Lender mey use the pwceeds to repatr or restore the Properiy or to pay sums secured by this SecurftY . .
<br /> � instrumenb whether or not t�en due.The 3aday period wiB begin when the noNce Is gNee• �
<br /> � Untess Lender and Borrower otherwise agree in writing,any apAllcaUan of proceeds to prtncipal shall not extend or postpone the . .
<br /> • due date ot the monthy payments reteaed to in paragraphs 1 an�2 or cAange the amount af the peyments. If undar paregrepb 2t ` .
<br /> ' �' the Propsrty is acquUed by LenOer.Bonowers right to 8ny insurBnCA pol(Cles end proCeed9 resufting irom d8m898 to M0 PtapeRy P�a� , . . '�
<br /> � to the acqutsttion shall pass to Lender to the extent of tfie sums seCUred by this Sscuflty InsWmeet bnfiedfatey pdo► W the
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<br /> . acQutsnion. . .
<br /> � 6. Occupancy, Preservation, Malntenance and Prote�4ion ot tite Property; Bor�ower's Loan .
<br /> � Appitcatlon; Leeseholda eorrower shan oeeupy.estabush,and use the Property as Bortowers p�ctpat�eslQence wfthin BDcry , .
<br /> �,' days efter the execuUon of this Security Insbument and BhaO cantlnue to occupy the Property as 8orrowafa princlpal restdertcA tor at .
<br /> ' Ieast one year a8er the date of occupency. uniess Lender otAenroise egtees in w►fUn9� whkh consent sh80 no! be unreesonaby �
<br /> � � wfthhefd,or untes9 extenuaUng ctrcumstances exist which are beyond Borrov�ets control. Boaower shall not destroy,Eamage or fmDetr �.
<br /> ' . • the PropeRy,a(low the Property to deterlorate,or commk waste On the Property. Bonower sha➢be tn 6efauh it eny foAedure act'ron or �
<br /> ' � proceeding,whether cfvil ar Criminal,is begun that in LenQer's good feftA judgmen!could resuft(n forfeiture ol the Ptoperty or otherwise .
<br /> � � • materialry impaU ihe Iien creatsd by this Security InsWment or LenEePs security Interast. Borrower may cure suCh e 6efaufl and �, .
<br /> reinstate,as provided ln paragraph 18, by causing tA0 action or praaeedtn8 to be dismissed w�a ru►ing that,(n Lendef9 good tafth ,
<br /> � ' determinatlon, prectuQes foAeiNre o1 the Borrower's interest in the Property or othet material ImpaUment o1 the tlen croated by this . .
<br /> ' Security InSUument or Lender's secu!'ity interest. Borcower shail afso be In deiaufl H Bortower, during the loan appliCatlon proCess. . . . �
<br /> gave materially false or Inaccurate intortnation or stetements to Londer (or fai6ad to provide Lender with 8ny meterlal intortnetlOn) U . . .
<br />- • Connectlon with the toan evldanceC by the Note,inciuding,but not itmlted to, representatbns Conceming Bortower's oCCUpancy o!the
<br /> � Property as a principal residence. If this Security Instrument is on a Ieasehold. 8orrower shall compiy w;th all the provisions of tno .
<br /> � ! tease. If Bonowar acquQes fee tftie to the Property,the (easehot9 and the tee titte shall not merge untess the Lendsr agrees to the ,
<br /> � • merger in writing. aorm aoza¢!so �
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