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<br /> g�° ;��9n��� Data�: 173
<br /> L�aan No: �Q8401UQQ620 �
<br /> , "• ` • ;},. :- �:
<br /> :'�•.'. • 6, pa�acy►,Pe�setvat�MaWteaAno�an� Proi�am oi the Prapert�t;Bo�rmvee's Ia3n Apgllsation�
<br /> 3t! :;,,,� '..
<br /> "'��`.�� I�as�lds. Batrower ahaD oa:npq.esta6lish.uad use the Ptoperty as Borrower's priacipal resideaae wIti�in s'�dapa 4.,:,,;
<br /> `::•" - '� a ft e t t h e e R e t v t�o n o f t l�S e c u t i t�+I a s w m e m a a d s i a a l l o o n t i n u e c o o c c u p y t h e P m p e rt y as Bnrrawet's p r i n d pal ....`�.`
<br /> ` for at teast one year aftet thc datc of uaupuary.unt�s Leader othernrise a�grees ia wnting.w2�oonseat sLaLt not be .�: "� :
<br /> . . _.�
<br /> '_.';:,: unreasonably wlthhetd.�r ualcss e�enuatfag�tcwnstances eaist ahlsh are beyaad Borrowe�'s wnuol Bormv�r abaU ;.,t - _
<br /> .. . �° aot destray.damaSe os��the Property.t�ow t�e Pc�gerty to deterIotatc,or aommit eraste on the Praperty. Sonavuer �.: ,,.,,
<br /> '�°::.� sbaIl be�in defavlt if aa�a��otfeittue acdna o=proceediag,whether civil or crim�al.ts begun that in LeaQer'a g+�d faith __.
<br /> ' ..�.,��:�� ��- �ud�ccnt aould tesutt m fiosfehure of the Fcopert�or otherw+ise materially impair the lien created bq tt�s Seauiry "° ;,��-
<br /> � �trument or Leuder's aecurIty im�erest Boaawer may cute such a defavtt and teinstate.as prmdded ia�ara�aph 18. ". -.��
<br /> '( ,� `„"� ���. Dy causing the action or pmceeding w he dismissed aUh a niliag that�in Le�er's guoQ faith determinauoa,precIudes -.°-.-`-
<br /> �`"�'� f o i f e i t u r e o f t h e B o m�w e r's m t e i e s t m t l z e P r o p e r t p o r o t h e r m a t e i i a l u n p a i r m ent of the liea aeated b y titis S�nry ,�>:>.--_
<br /> _ .,';,'� TAStrume�ar Leader's security[ater+est. �aormarec sbaU sLio Ee ia default if Borrower.d�rin8 the loaa applsrativa prooess. ___
<br /> rmarec
<br /> �ave a�a�t false or tnaocurate iaformation or atatements ta Lender(or fa�ted m provide Lender with,eay material
<br /> mfarmation)ia eonnectioa witb ttie loan evidenced by the Not�inciuding,But not Iimited to.represe�tiuns coaoeming �
<br /> � � Boaawer's eecupanay of the Pcoperiy as a prinapal resideno� If tbts Sea�riry Insuument is on a Ieas�hoId,Borrower ,_.
<br /> �.r,;�.
<br /> . .<. .:� �� abaf!wmp2q with a3!the pmvtsioas of the laase. If Borrower aoquires fee utte to the Pmperty.the Ieasehoid aad the fee �.1._.
<br /> ,._. �;. ` . :�,,_
<br /> . -. -=-� titIe sl�aII nat merge vnles4 Len�er agtees to t h e merger ia w r i n a� ;.°.;;_
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<br /> ' �" '� �82�033�������1 Et3C�Q�2� �HOIIIfWCf�9 IO PeIFOIAI L�IC COYCQSIIL4 81I�S$[P.CID�II18
<br /> � . m a t a i n s d ia t h i 9 S e c n r i ry Invt�ument,ar there is a legat pmoeediag that may sig�s�ntiy affect i.ender's rights ia the �
<br /> •`=. th' le t r:,_
<br /> ,. �<.'>� pmperiy(such as a pm�g ia banktupt�►.Pmbate,for wademnatwn or fo�feiture or to enforoe taws or regutasians?. ',._�:.
<br /> �''� $1CII I�ender may da a�gay for whatever�s aecesaacS►to protect the value of the Pro�ertp and Lender's in the �_�.....
<br /> . a tlenwhich Ims rin -',��.,�
<br /> , �t'- �-�= ptogerly. I.cnder's actions may iaslude PaYmB�Y�securerS Dy P �Y aver thls Sectuity�as�n1. ,�;Y�;�_
<br /> �t� ,:.:�4��" ePP�B m o4urt.PaJM$�Oaabte sunmeys fees and entermg on the Progeny to make repait�. Altkqu$h Leader `:`.:`_:
<br /> - .-�.,::°,.=.;, maq take actton�wider tIvs p ph 7,L+eader dees noi have to do so. :,;,::
<br /> �f`'•;,'.:.=�;�:: A�aawuats disbuised b�y Lender under t6i9 para�aph 7 shal!become additional debt of Borrawer�cuted b3► -_-;=;:;T
<br /> tI�Seaucry Iastnm�nt UNess Boirower and l�nder ag�w other teime of paymeat,Wese amounts shail bear interest -
<br /> from the date of disbursement at We Note rate and shaD be payab2�with intesc5t,Won notic�from Leader w Hamawer F�—` r:4
<br /> ,y:� ���P��' iasuranpe as a ooaditioa of makfng the Ioan secured by � -�=
<br /> �'�� �..,. 8r Mortgage Insuraas� ff Lenider required martgdge_ed to maintain the amrtgage mst�ranoe ia effax. I�for
<br /> � � � ti�is 1�trument,Bonower shaD paq the pmmwms requII �-�s
<br /> �:f'..�:���:�,;,�;�•�, ���� ���ce coverage�qaired by I�easler lap�a or aeases to be#n effea.BorzoWer sbari PaY �;__
<br /> �: , :., We p�m i u m s requir�t o o b t a i n o o v e�a g e s u b s t a n c i a Il q e q u i v a t e n t w the mort g a g e�. �rance Previausl9 m effcrt+at a wst ��-_
<br /> �`. ' � subst�iaIly equivalent to the aist w Borrawer of the mortgage+„�,*�PF��i��ffect,fivm an alt,emate mortgage
<br /> ••�•' ��. � �~.
<br /> ,,..`y-�..°,'�:� iasuEez aPP��Y��. IE suh ntialhr equi�ralent mortgage iaspranoe aoverag��tuot aesHable.Bonowet sEsII pap ��_
<br /> . - to Lender esch month a sum m uae-t�velRh of the ye�rly mort�ias�uanoe prEmium ffeia paiQ 6p Bm�ow�er
<br /> eaS
<br /> �e ,� when the insutanoe aaveiage lap�sed or ceased to be in effect. Lender w�11 a�oept,use and retain ti�e pE9ments as a �°.
<br /> : Iasg�e,sen+e in lieu of mortgage msuianc,� Loss resen+e gayments may no longer be required,at the option of LEnder, ��-
<br /> `.,;� . ' :'�j �f msivaace oaverage(m the amount aad foT the periud that Leader requires)Pravided bp an ins�uss aPP�'� ---
<br /> ` avm'�able aad is obtamed Bona�ver avall pay the ptemiu�a�equired to ma�t�n°mart�e
<br /> .,:����=�'%::�,�.:� ms�u n�in e�ffec�,�or�w PT�ide a toss msenre.wu�7 the t for mortgage�aeace ends in aaeord�4e wtth -----
<br /> ' �'x;���"'s� ,' `� betweea Borrower aad I.ender or app" b2e Iaw
<br />_ �.,F,;;1���`Y.�s����s; ��9 In..,,� Leader or its agc�t may make reasoaabt�entries upon and in�pections of the Property. Leader
<br /> t 1.'' ,; .vrr-.wN
<br /> , .�.,�� .- �;�,�o�x�uouce��J�e time of or pribs w aa iaspectioA sPecif�n8 r�sonable cauge for We mspechoa.
<br /> `� ° '�=' � �:. 10. .Conde�nstlbax: . P
<br /> ,,,:���.,, ';, .. '� raoeeds of a�+awazd.ar cia�for daamgea,direet or wasequeatial,in oonne�tion�vtih
<br /> .. i�,�-�,,;:,=;r� ���d�matIon ar ot�ia g of aaq pari of the Pmpett9.or for oonveyance m lieu of aondem�on,���F _
<br /> - - , .- ��d and•shall be gaid t��f�ender. T
<br /> . . . In the event af a total taking of the Propert9,tHe procee�ahall De applieed w the s�saau�ul 8y�i Sc�cuity - --- -
<br /> .� Iaquument,wh�ther or not then duc,with a�►exoess paid to Borrawez Ia the event of a pataal tai�g of the Ptop�rt� �r _---._..
<br />� " in a,bich the fafr market value of the Property immed�atety befote We tal�ag ia equal to or gceater than the amoumt of -_
<br /> �;,.:,�� , :Y Insuument hnmediately 6efose the taking,unless Bomuwcr and Lender othetwlse a�
<br /> � ,;.,,,��s..si... ,, thesumssecuredbythis3ecutity, -
<br /> � �.,:� , ,f.. .� in w ri t i n g,4he sums securcd bY tMs Secusity Insuumcat sbaD be redu4rd h9 the amourrt�of tbe pmoeeds muWplied by the =
<br /> r.:•'<"s;;;,.r;�I�' '`� fo]�w�g fracxinA:(a�the total amount o f t h e sums secur e d i m m n e d i a t e l y b e f o re t h e t a�m g,d i v i d e�D Y(b)t h o f a�t t n a r l a e t
<br /> . .�1 ' > value of the Fiag�imrnediatety before the teking. AnY balanc�i!�I�be paid to Borrower. Ia the event uf a parttal N_
<br /> ° � ;��:� ' ,
<br /> . t a I a n g a f i h�.3�p!�r s y i a a t u c h t h e f a i r m a rket value of We Pw��i�amediatety before We.,taY�ag is less tvan�th�
<br /> _ ,::r amonnt of the�sewred immed'ratelp��ore the nntes�:�arac and Leader atheiaa�e agce�in writ�pg oY �� _--
<br /> . ';��,'`!, ..��''�• � nnl�s applicable taw othe��rovid�:•r�praceeds�be�app';�:m.the s�secured by this S�cwity InswmeM ___
<br /> .. '�" Z<.� ���,4;.; ''. � whether or not the snms�x tis�a du��.:,;, . ' . ,.
<br /> • :. ',,� :.,. , ,, ,. If the Property is a��oaed AY�vaver.o,r•�.�na�e.�'y l�eader w 36ormwer Wat the conde�nor offeia --
<br /> • � ' ..°F �• w make an award or eettte a ciaim for d�nsugc,�,BomovcEr fa�7s m'�nnd ta Lender withia 30 days aRer the date the
<br /> , ,;�..�. . 5,+� aot�e is�ven,Lead,er is authorized to cGy;t�t.�nd aPP►9 the proce�;;�t rts optFon,either to re.cu�natfinn ar repair af the r`J
<br /> . . . ptoperty or to tae sums secured bY Wis 5�ksn�Y Ias�et�*.wheti�ss'ts�•�ot th�a due. ' .
<br /> " . Unless�.eadCr and S�rower otheza�ise agree in�,�'cs�sg,an9�p�on�i�.�aoeeds w p al sball not e�ead =
<br /> ,y ll
<br /> -{'''�� to m E. ` b:tr�'�2 or chan�amount of such �=�"
<br /> :.�,.�;+�:�. : � os�ostpone the due date afr the monitilY Paymenu� F '�F� _---
<br />_ , � II�3finents. .'t' _
<br /> Il. B��rov�ee Not lteteased3 Forbearunse l�y II�eader Piat tb��, �ensioa of the dms fnr paymeat ar _-.
<br /> . . . . madificc�tioa a8 amortuation of the aums secured 6�r tb�Securitp�ent'gfauted by�Lender to a�r suaxssor ia __'�.:._
<br /> difi �
<br /> � � • interest of Borc�ve:ahaU not operate to release tTte vain7ity of the arfgf�cml Borrow�or Borrower's sueoessflra in 3ntere�. �° -
<br /> ....�",s�,.< � L�nder shaD not be requued to wmmence prooeedin r�against a�r snooessor in fisterest or refuse to eaeead time for f;.:y.
<br />— '`;%;i',5 ' . payme�or othe�avise mactify amortization of the sums scaued by tiu�Seiauity Instmment by reason of aay deman4 made �.__
<br /> 'i.:'::�; , byr tbe osigtnal8onawer or BorroNer's suocesso�s ia interest. Nry forbearance by Lender in escrc3s1n8 aa9 nF,ht or
<br />_ .. �� "-
<br /> . remedy shall not tre a araivcr of or precIude the eaen�se of anp siP,ltt or remedy. e-;-_
<br /> ''� it. �nooe�smrs and Ass Honad;doint aa0 Severnt LW6Wty,Co.sip�era 'Ihe coveaaats aad agreements
<br /> . s of Wls Secusiry Instrument shall�ind aad beaefit the au�essors e►�nd asti o�Lender and Boimwer.eubject to ths .
<br /> . , � . pravisiaaa of parag�aPh 17. Sorrmver's uovenaats and agreements sball be joint aad aeveral. Aay Bormwer who oo- ' � �
<br /> � . . a�gns tLis Seeurlty Iaguument Dut daes not eaecute the Note:(a)i�co�igamg th�s Secutity I�uu�snt only to mo:t�tge„ -::; '
<br /> . . � grant and ooavey tbat Borrowet's interest in the Property nnder the terms of thia SecurIty Iastrumen�(b)'ss aot pe�onaliy �_.` _
<br /> o b l 3 g a t e d t o p ay th+e aums secured D Y thts SecuritY ti�wment;and(c)agreeg tf�at Lender and a�r other Bonor�er may �
<br /> re
<br /> ' a to�te n d,modify,forbear or make auy aocommudatisons witH regazd to the terms o f t i v s Seauit�+I a s u u m e n t ot t h e
<br /> ns
<br /> . ' . . ote without ttiat Borrawcr'a eoagen�. � .
<br /> a
<br /> — � . • 13 I�an Chargea If t he loan sec�u e d b y t h i s Securi ry I n 9 u u m e n t i s s u b j e c t t o a 1 a w a r h i c b s e t s�ban �
<br /> : � charges,and tbat Iaw is �naliy interpreted so that the interest or olhcr Wan charges oolIected or to be aolDeected in
<br /> .. aonn�ctIoa with the loan eaoeed the permiitad 1Imits.thea: (o)any►such loan charge ahall be redueedby the amount _
<br /> necessatSr to reduee the c�targe to the permittod]imit:and(b)an!►surn+alreudy eoliected from Borra�rer w�s�ceeded •
<br /> - . permitted llmits w�l be refuaded to Sonmver. Lender may choose to make thrs refuad by redudn$the priacipal oweA
<br /> ` uader the Note or by maldng a direct paymeat to Bmmv�er. It a refund reduas prlIICipa1.th�iedustion w�l be treated
<br /> �. � . ns a part9al prepayment without aay prepaymcait charge uader the Note.
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<br /> � Form 8028 �8 l�90 3 8 Psgos) .
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