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<br /> � .�,�,F < _ '�e Fwtds sdalt 1m Aeld �a e�inst�tution whose deposirs ace insured by a fed�erai ageacy. tY• ,
<br /> 4 � ��. �� (insludia$LendQr.lf i�ertder is a�sch ata InstItadany or ia�n}r Federat Rome Laam Bank.Lender st�all apply the Funds to pay the �
<br /> � ��;� �~•;�_;�'�.' Esccow Ite�s.tx�er may aot charge Bnrrawer for holding and aPPtying the Fwids,annualty analyzing the�uw aaouiu.or z
<br />_ ,�:.�'^..<��-..:Y� v !!te Psccoa►Items.uutess i�ender paYa Bormwer interest on the Funds and appii�able taw permits l.ender t�ma&e such �.
<br /> erifylelg cco ► end rai esmte tax reporaag senrice �•_
<br /> �� � ; ` uire Bottoarer to pay a o�-tirtte etiatge for aa independera
<br /> a ct�rga However.i.ertder maY re4
<br /> `{ '�r.e' a'- ased b E�endier in ommec�n vvith this iosn, u�SS aPPlicable.law pravfdes othc,�wise. UWess aa agccemeat �s made or
<br /> .:,:,;.. , yEea -
<br />:�." , '�';:F'..�. appl�cable law ieqair��c w be patd,Leader sl�all not be requiied w pay Bomower any interest or ea�mngs aa the F�d.s.
<br /> ' s • "� Borrower.and L�der maY aSrec in writing.howe�er.tliat intec+est shall be pazd au die Fwzds.L.eader shall give to So�ower. •-
<br /> �` :. �'`�,`` r.`� erfthotu c�arge��t aaaual aoeounting of the Fands.skowing cn�its and debits to the Fuuds and the p�pose for wtuch eac�
<br /> - - `'`�`°- debit w the F�tWs was made.'fhe Fimds are ptodged as add'itional sxuritY far ei�ssans seau�d by tI�is S�uitY tastrumen� �.-:
<br /> ' F _` ``+'`` If the Funds hetd 6y Lender ezo�d the amounts pc�nitt�w be heW by applicable law,Leader shall aooannt m Berrower �
<br /> � _ "- for the exc�ss_Ftmds is�a000rdaace wldt die�quim�tteats of applicable law.If the amount of the Funds hetd 6y L�der at any
<br /> ��;�
<br /> -{.��'`�`t w Itaas ahen dne.l�de*maJ/so antify Borrower in writing,and,in such case Borrower �_
<br /> ,- time is aot wffistent to the Fscra to ar�ke the defccieneS►• -
<br /> =�,�s;�''�:. �Y $orrower shall make ap the de�iencY in no mere thaa �
<br /> -� - s4-.�- st�ail paY to Lender We aaaouatneo�� sary � � -_
<br /> , ,Y` �L, • �„�,��y pay�ents,et Lender s snIe discr�ion. _-:
<br /> �t.t 4 U m fuII of ali wms secund by t6fis Searriri►�vm�t. Leader s6all pmmptiY refuud w Bomow�r a�► _
<br /> � �_�`', , g���,If,under paia�tapb 21.Le�dec shall aaqoite.os seil the Ptnpe�ty.I�nder.prior to the acq�si�on or sale =�-
<br /> �, s - '`�°'�_, af the PcaperiY.shall aPDtY�Y Funds hetd by teuder at ihe t�me bf acqwshIon or sale as a c�edit against the�umos�hY �
<br /> "�:�`-`j=��°'� ��y I�� Unless licable law vides athecwise.all payments�eoeived by I.ender undet paragraphs =__
<br /> re
<br /> �,.�.,.�;�::��� . 3. a of Fapmeats. 8PP �due under We Note;second.w amounts payalsle nnder puagrap5 2: __.
<br /> -�. �. :� !aad 2�1mi�1 b�a➢t�lied.6�..t°anY P��8�
<br /> � :;� {� due under the Note. �
<br /> ���. :- tbird,w iaterest dtse;fomti�.to Prjncipat du�aad tast,to anl+ �c1�8�
<br />- _- ��`;� .`-'� 4.fbasges;Ideus.Aorrower si�all pay eU taae�At�-- ,d�'8es,fines and impositions sun'butable to the�� . —
<br /> ;!..Y:;�:;-„'_::��_....." reuts,if any.Botrower pay -__�
<br /> ' ' � ahtch may adtain Paoritp over tbis Secuiity Ias�u�t.and leaset�ald paymeats or grrnv�
<br /> these obli�ations la the�r pravided inpa�grap6 2,or if not paid'm that manner.Borrower shalt pay them on t�e directiY
<br />_-_ - -.;�-';,;�',�"� :to thC pe�nn aqted payment..Bomowea shal pI mmpfly fiuriish W Iender all twtices of amouats w 6e�id under th'ss Qa*agraPb- ���.
<br /> �;'r:'',,;;w`• If BorDco_awree�r�mt�ak���,s�ntI�e���Q���{}�(��Y�•p�'j�fwLcr��ysbaU�.��`''���'('tiy fu�f�isLb�to I�errder teoeiptwevid�inffi tTte PaY� m '.
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<br /> (•�..1':•;��..�;'.','' ' DU�iV�W LLLittY�I���'�"^�O�7 UYU�iLL{�i��!{lVia��Q{WS J�__�__""��LIVaaV���al��^�•
<br />'-. �--;._ :_- �.- �m�e�y���f�e nbligadon sea�ned.hy the li�tn a manner aecePsabto w Le,ader;(b)ooatests in gaod faith�e i�eu
<br />:.,�'�"�'.`�„ enfomeme.ot of tLe ti� in, iegal pm�dinP,�wbich ia the Lendec's apiatoa operate to preveai the
<br />=�;:�=�,. ... b y. v r defands a g a i n s t w L e n d e r s u b u i d i n a d n g the Ite�ta
<br /> ` '1,��```_ � .enfonemeat of the 1ien;or(c)secares ftom the holder o f t h e l�en an a g�e e m e a t��s f a�°t Y
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<br /> � '4. - . Ifr I�eadet d�that aay Lmrt of Ehe Pra�y is sn6ject m a lien a+hich may auaia prtosIry oves
<br /> -� t�;� t6#s Sscintt�f��• Bormwec a noSce identi�ying the l�en.Boimwer shap satisfY the tiea or talce one ar
<br /> � = this Sec�titY Insum�nt,lr,�uder maY g�
<br /> �s,�-;�; ,°�mor�of the�tions set fortb a6ove witt�in 14 days of the giving of aotioe. .
<br /> {� : �or Ao�+�v� Boimwec sbalt keeP the im�mvemeats now e�n8 or i�ft�r e�xe�t on t�' .
<br /> *� �.�� $• ��sE]�s by t�ie,ha7ards inciaded wIthtn the t�m'extaided coveaage"aad aaY other hatands. iacladhg.
<br /> ����� �P��S►
<br /> ��c;. 800ds or t�oo far whicb Let�er re�uire.a ins�anee.This Insosanoe sbal!6e maintained ia t4a��nnu and far the pcaFods. �
<br /> : t�t I�auder�•T�in�ar���P1D°t�the iASOranc�e shap be chosea�sY'Borratt+e�'sabject w Leader's app�+ai
<br /> tt+e�
<br /> �. -,� : i; �� : �icA shall not be unrras�bly andi6etd.If Borrowes fails to mait�is�coveta��'bed above. Lendcr may,at Ixnder�e� .
<br /> 1 sa ;s„?1� ;' . h?. . e .
<br /> � s-�,�: ��.. � � +optiou,obtain opverage to�ote�t I.eadet's rlghts in the�Peny in a000rdance witb patiagap
<br />- '�_``' }., ,�� �� Atl�oe Polt�s�arid renearais sha116ea,cceptab!e W:I.ender and sha11 inclade a staas�atd mertgaSe daas .L�d� . -_
<br /> ;��_e��y�;� gompwer s�aU pram�y 8ive w Leader all�eeapta of
<br /> - _�'e`� � shall bave the zight ta hot�d►e Aolides agcl m�e9vals.Ig I.endes req�ii�s:. t aotuc w the insurenoe cacrier and l.ender.
<br /> -=--��:.•r�c:�<< ' paid premioms=m�ad reaewal�otices.Ia the eveat of loss.Borrower shalt give promp .
<br /> °=�`�_�;•�.:�.,,�;� l.ender may make pmof ofT,ass if aot made pmmPtlY b3►Borrowec.
<br />=""'"`n' Unless Lender and Ba�so�+er atherarise agree in wrltiag.insurance Pmo�1s s1�a116e applled w s+estorauan or r�gmr of�thse
<br />�._ W�:
<br /> >�;"`..;�_$ pruPerty►damaged,if the reswration or�epair is eeonomieaUy feasible and Lender's seauicy is not tesseneA.If the restmation ai
<br /> �:r�,Y ����
<br /> -`=�:`.�.._�'-``�_ .repair.is nat economicatly.feasiblovr Lender's seenrIg+woWd be lesseaed.the is�saraace Dmceeds shallbe applied w.the sams
<br /> - --- - _= se�red'by this_SoCUrit3►insnwmcnt.whethee or not then due,adt8 any►excess paid.w Bonuwer. If Barroaer a6aadons t6c
<br /> - - __--- --= pconettY•ar does iwt answer wlthin 30 day►a a noHee from Le,ndec t4r�t.she ias�uanoe ea�rier I�as offer�co settle�etaim.d�en
<br /> . Lendpr p�ay oollect tAe�i�oe gmoeeda•'1.ende�o�a3'use thep w re�it or reswre the Froperty or w �Y s�s
<br /> . �3 by this Secxuit5►t�,wh�h�r•or nat t�adus.'�e 30�p�od�6egin whea the notioe is�givea.��
<br /> _ - ' U a tess i:e a d e r a u a�-B o:r o w e r o t h e e w f s e a g c�i a wrldn g,an y a p pli�ttan►o+�Qroaeeds to Frinc�Dai�not extead or
<br /> - one the due�dete of the momlilY paYme�ref�w in bs 1 �nd��or�chaage+the amowat o f. �y�4 t s..I 4
<br /> ��; �O�lpai8g[ep���1 f�16 P�B��Y�9�1��Y�•$0�er's ' to at�t insuraaae Folidss attd proceeds resalting tinm,�
<br /> arag thls S��Ity�
<br /> = � da�nage w the prnu W che aoquisiaon sLall pass w I�eader an�he excent of the aumv secured by ,
<br /> , -__ . 6��9�������Ot�Wn of the Prnpestyi Bortower's Lo�Appltcatto�,Lease�nl�s.
<br /> ----°-- Y' Bomuwer sl�5ll .esta611sh.and use tDe Prnpe�oy as Borrower s princtpat iesideuoo witmn siaty days aRef the�cecution of •
<br /> �PS' �,�w�r�g principal�esidence for at teast one year aftet'
<br /> ���'�`'�� . � tbis Secutity�and shail oontiane t�accupy ttie Pm�ecty► .
<br /> --_ . ��=- 1n wrIttng,c�s6 oonsent shait not be ameasonably w}tbtield.or ua3ess
<br /> -- -- the daie of.�P�Y•antess Lender otberwise a8re�es
<br /> �• _--��:• ' e�cte�g dta�a� exist wtilch are beyoad Bumower's canuoi. Burrawer sball aot destroy. danm88 ar �r.the.
<br /> � allow t6e to deteriorate or oammit waste on the.Ptoperty.fiorrower shall be in defanit�if�rcower may
<br /> ------- '- ' �ooWd resWt in farfeimre of the
<br /> ----�",`'�?:s��� ��' � • �° �c.s l.eader's secutity lnter�l.
<br /> -,-..;;r��;;,_,,r.,�;. : er�on os prnce�ing.w er civ�l qr��crim�al is�b�by this Security�S goad€�ith l��
<br /> _-�������.+�as��'. Pmperty or otheta+isa materially jm➢ �
<br /> m
<br /> °_`_`•-�"�.a• � que sucb a defautt and reit�statc,aa pmvid�in pa�a�b 18,bY cansing We aoac�i ai Prooeadin�to 6e diamissed�matecla .
<br /> _ - t6at.In L�atder's gaod faith determinadon. �reclndes�orfeiture of the Bormwefs�atecest icti c�e Pcoperty
<br /> --____--= impaim�nt of the llen created by this Secvnty lnsuutnem or Lender's secvrit5+imer�st.��aewer st�all also be in defaWt it
<br /> -- _ -�:,� Borrower.during the loan appl�c�ian p��•F�ve mate�ialty false or i�a�ur�informati the No.te,����b��� . .
<br /> _�:�;�:�t:�;. to.provlda Leedes witb eny materi�l infos�tioa)in oona�ction wIW� P�,��..�this W t is on s
<br /> _ _-='=_=���"� w.�ePres�tions annaeraing 8ormwer'a oocupaac�+of the Pceperty fee dtle to the Pmperi7►. the
<br /> - -"'�� lasehold. Horrowet ahail wmply with a11 the provisiona of the lease. 1f BonmKer aoquires '
<br /> =. � fea�ehoId aad tbe fee dtte shetl aot merge untess Lenderag�to the merger in�& �
<br /> _.._._ , .Yf Bomowet f�"ils w perPoiae the ooven�ts and oonfained io
<br /> - .--�" ='���*"'��� 7.�P�+atealon o!I.ender e Rtg�ta in the Propeety ���cY(such as a
<br /> LL��=�:�..'�_�� �ng�at may sign�tic�ady af�ed L�der'e d ts in
<br /> °`�ti�� . . � �a ge�uItY, InsWme�t�or therg is a I�gal p
<br /> --- . �pta.oeedin in 6ank�uptcy►.Pmbato:fo r o o n d e m a a t i o»o r f o r f e i t a r e o r t o e n force lawa or m g n t ).Wea Lender�ay do and
<br /> -" —=;�g{: pay for w�ver ia necessary to miect tRa value oY the I►raperty ead Lender's dffiAts in the PropestS►. ls�tder'a actions maY :
<br /> -�:;;`"'�-�'�'� lnctudepayin$anY sums s�by a liep ahtch has pdortty over tWa Secarity lnsaiunent,,appearitt8 3n'eonrt, �ay�$.-
<br /> ti. �"�`""'C'� reasonable nttomeys'fees aad enteting oa thc Fropertp to�maka repa�ra.Althovgh l�ader may take accfion Wider tE�is Para�aT1�
<br /> �"s ,` ��'= 7,Lenderdoesrtot t�ave to do s+o.
<br /> �� pny amounts Qisbursed iry Leadet under this paragrapb 7 shalt b000me additiona!debf af Barrowes seeu�dd by.this
<br /> =" -•n�;�°� these aa�ow�ts shaU bear intenest ftom the
<br /> - r Secatity Inqt�um�t.Uatess Barrower�d Leader a�rae to o�her terms of payment, �fmm t.ender to Bmrower�ng.
<br /> m ��.,t.,,, � date�of disbursement at the Nate rete aad s1m11 be payabte.with tntcKest.,npoA
<br /> :�::,.. . ...
<br /> _ -,: � ,. " :. PaY�°�• mort e�ce as a caadidon of malcing tbe loan securesl by this Seauity
<br /> r; 8.N�art�ge�Iasursnce.It l.eader mqu�red Seg
<br /> �� ' `` the premiums to maintain the martSage in��ce in effed. if. for a�r�oa..tAe
<br /> , > �ns�um�t::8orrower sha11�paY the wms required ta
<br /> `� `_. �.�rt�oe in�eoveraS@��hl►Iander es or c�ases to be in eff��t.as a cast�bstan�+►��vatent to thee •
<br /> " � : r :, obtain�cpverege 5ubsmadaUy eqn�vaieat to the mart�e insm�anac pre�� insurer ved bp Lender• IF �
<br /> �' c�ast to Botto�er ot the moitP,ag+e�nsuraaoe P��usly in effect. from an altemn�tte niortgage BPPm
<br /> _ :;,, • ��` �
<br /> .:, . +�`',� w�,sore Farm3t128 9/90
<br /> _ ,31:',.:,�.,_ ,
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