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<br /> _ =—�_S. _ _� '-`_'A _ - - -_ T_ . _ - -_ -SCyr- ", .
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<br /> r -' {f. . . . ,c, s � ����� � 1..y� -r
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<br /> ` "` ; s�ts are insured hy a federaf ��Y• i���ntaiity. o�r eui�Y [ h r" �'._
<br />=- . . 5'- � .�s • �'he Funda shall he held in an institutian whasa Ae.�� ,,�.� `
<br />-- _ . �inctuding l.ender.if lxnder is suct►an institutionl�r in any Federsl Home L.oan Bank.L.e�dQr`�i appi�e���.� :.f;. °".`
<br /> ` { in�the Funds.su�nw�lly an�lyzing "�`s,.;•_;._�
<br /> su n
<br /> - .• , ` .<� r F.�crow I tc�. tYnder ma y nnt chatgc Borru«'ee fnr hatding aad app Y b ; '.•
<br /> "_ . . verifying the Essrow ttems.untess Lender payy Borroa•er it�tcrc�st un the fun d s a n d app li c a bte la�`�te�°d•�rtin�S ice '.�:<�:``.•°`:
<br /> l=�' '' - � <`c,' a churge.Kowe�cr. L.cndcr muy rpquire Bnrroua e� a on�time charge fi�r an�ndepenae� � : '_:, .-
<br /> �rap' �s m-uie or �
<br /> _ `�' ` used by Lender in cor►noction with this luan. wd�s applirabla la�v pmvides ather�vis�. Ualesc an appe�en; � 4 �. ,.;..
<br />_=� �° '`; . � � applicabte!aw requims interest to be paid.Lenda shal! nnt be ceyuired to pay Borrower any inie�t or eaming e to�8csr�oa+e*• • tiC��'
<br /> = Borcower an d L e n dc r m a y�T�nrin naf tghc Funds rsh�win t�i an'd�3ep.bits tu t he F u n d s a n 4h e P u r p o s e f o t�s h i c h e a c� .
<br /> -t� .. w i t h n u t c h a r g e.a n a n n u a l a e o o u B !���a d ditt u n a!se�u ri t y f a r a l l s u m s�e c u m d b y t h i s S�a n ty Inst�ument. �::"�;
<br /> :�b. debit to the Funds was a�ade.'Ihe�nmis are p fi Itcabte law.Lender shall accaunt to Bamo�cer �� .•
<br /> - • � !E t h e F u n ds h e l d bp l.e n d e r exoeed the amounts pertnittc+3 ta be held by app� ,_. �: ,.
<br /> for the ezcess Fundti in acrnrdanve'with the re.qu�rements of appii�ble taw. [f ihe umpunt a P t 1 u F u►u l s h eld b y Lcndes at any
<br />=`'' ,`� ' ame i�not sufficient to pay ehe E.�row Items when due.Lectder maY+p notify Bnrmwer in�criting. and. in+uch ca,e Bo*rouer -�,, ,'
<br /> � �. � Bi�rmwer xhall maice up the defceency in no tnare tha� <�• .
<br /> �� shall pay to Lender the am��unt neces�ry ro make aP�he deficiency. .: .
<br /> .,__,__f�_,x.
<br />_ � ta•etve monthly payments.at[,ender's�ote aiscmtion. �-- -
<br /> _ �1:; . , _ Upon payment �M full uf a!1 yums secured by tt►is Se.,-urity In�nument. Lender.hall prompti�•refund to linrcuker sny ;> .
<br /> , Fund�held by Lender. If.under paraSrsPh 21. Lencter shu11 uoquire or sell the PropeRY• ���.pnar to the acquisition or sale
<br /> � �'' •-� � .
<br /> of the Property.shall apply uny Funds held by Lendet at the time of acquisition or sale as a crcdit against the sums,ecund by ,
<br /> . �: , .
<br />- � this Security Insttument. :�='` ;
<br /> � 3.Applicatlon ot Payments.Un1e5s appl�cabZQ�3w Pruti•ides otherwise,alt payment,receiced bY 1-ender under paz"�gtaP�s
<br /> f � , a ment cha es due under the Note:secund, to amounss payable under para�raph- �t ,J :
<br /> � T � i and 2 shall be appfied: fint,to any prep y B Iste c es due under[he No�e.
<br /> •� ��°,�. :': •: third.to intcrest due:fourth,to principal due:and tast.to any ' � f��i��it����le to che Pmpeny .9Y{ .;`
<br /> :,h:�: ,,
<br /> Borrowzr shall pay „�.r.,_;
<br /> ' ��,s; •:.,4 4.C��g¢s; ldens.Barrower shail pay aQ taxe�. assessments.char°pes• :, .t V:_,,
<br /> 4` . .,.r�;;.. which may attain priority over this Secunty Ia�tcument.and I�old paymenu or ground rents. if anythem au time direccly _ _
<br /> these obliga6uns in the manner provided in paragcaph 2.or if not paid in that manner.Borrower shall Pad undsr this par'aBraPh. F% ;
<br /> ' `'- �•`r'' to the person owed payment.Borrower sliall pmmptly fumis3i to l.ender all notices of amoums to be pai .. : , :�
<br /> cs�� £;�: nt unless Borrower.(a)agre�s in r '
<br /> ,_.,.F�.. .,t'. If Borrower makes these payments directly.Bo�which has��ry ove�r�Security[nsmuneevidencing the payments. .: '::
<br /> r.� r-;"� Bomower s6a11 promptl y discha�ge any p mble to Le n d er:(b)contests in good faith the lien �,��
<br /> � lr -. . ent of the obti ation secured by the lien in a manner aocep ��`
<br />---'; , .. <.z . <• writing ta the PaYa► g � ��gs n�hich in the I.ender's opan:�n operate to ptesw[the ,,,:. "y
<br /> ti�liffi co �°'�'�
<br /> • £ �,4..- by, or defends a�aia►sa enforcetneai of the laen in. l af p �sfactory ta Lender s�xbordinaung •-
<br /> � �� 1��''�,��,a:�'i� , euforc�eat of the li�:or t�)secans fram r.�e holder of the lieu an ag�sub ect to a li�n w�t:ch�y attain prias�ty uver i' :.�• `
<br /> f, �y , .,,; ' c�tatsy part of¢he Pco�as.} 1 atta' ,
<br /> • ,"�,, •.,�>.,i���'�':�•��`.... [his S�iry Im�tnunen�If ixnder deteamin� y che lien.Bomower shall sa�� th:lie�ur�Es+:une or i,L- •
<br /> � • 'f •'�'f':` , t12:s S�a�tY Instrucnent.Leu�r r.,�}��e B�wer a nan�..rs�cfi-� ,,,•'_-
<br /> ' <, �•,�:<.•,.4 . -
<br /> ;`:`�'�f'�:v'f6:,� • c�oTe ef t3ie actions set forth above cv-i�in 16 da}s a�the gi�.�_�7i nc�r: � os��eafcer e�ecse� on the `_':•�-
<br /> " � I.:��•� *'e ,, rovements now existi�
<br /> f`' `'r� ;�'• z. Siazard or Prop� i:r�ce. Bvrrrurr ihai4 �cc.�".�. ..: �s oxlxs Uazants, including {.�'� o
<br /> r„j�•`, ��`�,.;,,,':: p� insured against loss by �tre.I±atac�s includr�u•it�ti:�ta�te�vn"extended coverage�dse a�aznts and fo�the�xriods ''` "
<br /> r
<br /> r�,� c+Ft'�`T�"�`;:•�,_� uires ia�ra�tcx-I�:is s:s�:ra�tce sl�al�be maiIItainad� n�uu
<br /> ,���4,, `�r ; tloo�floodin .for w6ich C.�?�teq [t _.- _
<br /> n;,.;';,,i;,: • • ;�,, that H�r.�zr requires. T he i n s a r,�:�s u:r a r r i e r pmwdin g the i.+-+s��'�s-hall be c�osen bti Be�ower suD}ect to Lende�'s�ay�roval
<br /> u,;_.f,:.,, f.:•'. ' L�l��,_.^+�..
<br /> - x•.'.i• ' "'•• ' which sfiiaU not be usueasonably nithhetd. if Borrower fails to;��=�m8 h p�hp �ve.l.e n d e r►n a y.a s ��s K�;._•:
<br />-__`'' :•;` :. '''.:':`,': o ption.obtain coverage to protect l.ender s rights in the Prope�y-
<br /> . . `' ,� AU insurance Qolicies an d renew a l s s h a l l b e a a x p t a b l o t o L e n d er aud shall inctude a standard mortga�e clause. Lender �� ::F
<br /> ':�,�`�';,:.:,, shall have the right to hold the p��licies and renewals. If i.ender requires.Borrower shali promptty g�ve to L e n der a l l r e c e i p t s o f �
<br /> ' • paid premiums and renewal notices.tn the event of luss.Barrower+hall give prampt notice to the �rsuFance carriet and Lender. �:.f-, --
<br /> • Lender may make proof of loss ii not madc pmmptly bY HarroWer. � ,
<br /> . . � _ Unless Lender and�RO�aontur re�a�r ei�ecaaomia�l5��ea.�ib el andil-���"�nt p�,no�I�ssencd. If thc re�oratiofn or �;, •-
<br />_ . . .. . Property damaged.if the rest P __
<br /> �::�.
<br /> - •. ' repair is not econnmical�Y fe�iblc or I.ender's se�vrity w�uld be lessened. the insurance prus��eds shall bc app4icd to the hums �T -
<br /> ce,cu r e d by t hi s S e r u r i t y Instrument. whether or not fmmd[xnJe� �at thc in:y��e c��r ha+�ffered to sett}e a cta m.[tren �°'
<br /> - - • . propeny,or does not answer within 30 days a nopoe �; -
<br /> '� � Ixnder may collect the in+urance p�cceds• l.ender may u�c Ute prucee+ls co �ePd�r �r restore the Propecty or to pay rums
<br /> secured by thLS Serurity Instrument,whether or nat then due.The 3M1ay period wiil begin when ahe natice is grven.
<br /> � Iess Lender and Borrov►rer otherwise agree in writing, any apphcation of prncecdv to principal �hall not extend nr �',
<br /> _ �`.�•��:: .. Un a!+r�=�-
<br /> " ', � � '" pastpone the due date of the monthly paymcnts referred to in paragraphs 1 and 2 or change ti�.�:amount of the payments. If _---
<br />-• � , .r � �� • under paraBraPh 21 the Pcoperty is acquisiri n shall pass�to 1-ender[u the extent of the sum�ecused by tDh s S�ecun'ty[nstrnment .
<br />_ �.' ��::.,,: .� damage to the Property prior to the acq __
<br /> " � � ' . ;tmnediatety pnor to thc acquisition. tteat2an;l.easeholds.
<br /> _— , � 6.��'+preservation.Maintens�noe and Yro�m wer's pnncip��idB n e w thinisiary�dayp afte:the execution of ....._.
<br /> ;���'.• � gflnoR,er shail oecttpy.establish.and use the Prope�tY' _ .. .--
<br /> - this Security Instrass►ent and shall continue to oocupy t�►e ProPe�Y �Borrower's principal residence for at least one year afte* `
<br /> � the date of occayar'.cy unles.c i.ender otherwis$agrees in writing. which wnsem shall not be unrea�onabSy withheld.or un1ess —
<br /> � • eatenuating circutnstances ee;s¢ ahich are beyond Borrower's control. Bono Bo�����d b in defa a Itg f�ar�y fo�e tu6e ��_
<br /> - . p r o p e r t y. a l l o w t h e P r o p e r t� w d e t e riorate.or commit waste on the Pi'a�perty. �:,:,:^,:}
<br /> `; .
<br /> ' � action or pmoeeding.whether cisil or criminal.is begun e h at in E,e n�f.r's g o o d f a i t E i j a d S m e n t c o u l d r e s u l t i n fort'�utc of th� �-^•;,,-
<br />- • � Property or otFtens ise materialiy impair the lien created h 8.5 y��"�d.e aci on or proceedin�to 6e dism�ed�with a*ul n� -
<br /> _ " • cure such a def�u�i and reinstate.as provided in paragrap
<br /> � that.in Lcnder's good faith determinatian.preclud�forfeiture of the H'orrower's interest in the Pcoperty or other material
<br /> � this S e c u n t Instrument ar Lendet�security interest. Borrower shall also be �n d o T f s�l o d �',�.
<br />- . �• im�pe+rment of the lien created by Y
<br /> -- ��:.':�:'�:•� _ Boaower.during the loan application prncess.gave mater+z3:y false or ioaavrate information or�tatements to F
<br /> _- '...•r:: � . . . to provide Lender with any materiaow��at�n�y uf he Praperch as a p n pal res dence.if this Secunryl lnstm�nent i on a �:.��:
<br /> ;•r;. � to,representations wncemm�Boa P
<br />_. ��;'_�;;.'•..,�':`;''� leasehald. Boaower shall comply wr e unless Lcndcr agtees to the merger inw�ru n�.aW�� fce titlo to the Propeny. the �..:,
<br />— � ' '"� • leasehold and the fce title shall not me g �'• '�
<br /> • ���� 7,Protection oY Lender's Rights in the PropertY• If Borrower fails to perform the covenants and agreementF conwined in
<br /> - � . . . this Security Instrument. or ob���for condemna�t'ian or forfe turc or�t enfone laws orregulatgonc)then L.c der may d and
<br /> -- .: � . prace�ding in bankruptcy.p
<br /> . Qay for whatever is nocestiary to protect the value of the Property and Lender's rightc in the Property�n ndi r'co n��paying _ .
<br /> ° �� +� •..��' �' �nclade paying anY sums sect�recl 6y a lien which has prionty ��ver this Security lntitrument. app g
<br /> - � ""�''��'':"� rcasonabte attomeyti fees and cntering un the Property to make repair�. Ahhough Lender may take aniun under this paragraph
<br /> - �;'?l;;`.,.'��.::����� 7.I.ender d�e�:not have tv d�sa.
<br /> _ • _,:R.'� Any amounts ditin'�r�b� wer anduLcnJe hag certor ther terms'�cpaymentathe.e�amc umsf�ha��rbear intere��m the '
<br /> ' Sccurity lnstrumem. U
<br /> '� �; date of disbursement at the `ote rate and shall be payable. with interest. upon notice from Lender to Borrowcr requesung :'.;:
<br /> payment.
<br /> - . � =-:;<`s'.;, S.!�fi�at�:t iaSUraat�.Zf l.end::-�sred mor�e mwrance as a cundition af making, che tc«n�ecured by this Secur.t9 .'-•
<br /> F ;,,SE��u_ . I.*.,�c:smer.•.. 3urrower sh�i ,:.;.3�the pres:�iums require£�,l maintain the mongage insurance sn cCt�t. If. for any reason.+h� ;. i4-.
<br /> ,.;,3�i,�.;. . r�;�t_a_�:ns.amhce coverz�.:r�uired�y Lender lapsc.��r ceases to be in effe�:t.Hc:rn�wer.l:a11 pwY the premiums requin�i ni ((��,:,, .
<br /> {3�,4}�r�:
<br /> ;••;;�?."; . c,,�,;ain cc�_�s Asubstantially eqnival suran,re e mv outi y inseffe�:tc fmrn an aylterna:murtgage in��uberaappmved bY�Lendet�If ��'1�'.:
<br /> ;, � �,. � cost co&yrm�tir of the mortgage in P
<br /> ' Form 3029 9190 `
<br /> - _ . .-- ---- " v�ye2ofa '--
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