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<br /> : � i nc Fua��smu<ve bda in`sn imtib�o�i�o�e`depodts� •,�4u+e8^liy a . .ar.eieii�r.. . �
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<br /> 1.d�er;if Ieoder u sud��n-i�ntioe)or in�nq�ada�Hdset Lo�n�a�lc.Lertder:6alt appig 31� - ���` � �- �
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<br /> - �sa�It�.I.�adcr ma�r not chs�e Borm�vtt for bol�amd aPP11'in8�e Fw�s.aeewlly`amfyzina the es�i`v,�r a000mt.ar . . .
<br /> ve�ifjriti�tht Fscrc�►Ite�,.uuless I�endet p�ys Bocrower�i�t on dic Feads�ud !aw pemects Ii�der�t�a�Ce sucb. '.. .
<br /> ' ' =cha�ge.�Hoqreve%I�eadei mry toqui��err�cr tn pay a ode-tmoe c�uge. an in�t�eat.estate ta�c r�saYioe - ,
<br /> . � nsad. I�mder ia oomec6oa wnth th� taa. �al� �PPI� Itv� p� tithawise.Ualass an� is m�de or, �
<br /> � aPP���a�v ieqai►+as i�to!u p�d,T.ender shwU mt 6e tac�ni�to pqr Rorrower auy intecwst t�.��a►tb4 Fucds.�
<br /> 'Bomawer ssd I,e�oder m�q ag�+ee ia vrritmg,�asw�.shas iatetEst sd�be�d o�t tbe�na�s.i.+�dac�It give w_Borm�r�=. :_. .__;
<br /> � widwut d�arge.�aamaE �g di tbe Foads,stw+via8 ctediu and.debit4 ts��tbc Fuuds and,d�e puipose tor wfiie6 ac6
<br /> � aebie w tde F�mas�vas m�e'��re�r�mds aine pibdgea as ad�tional se�uity for aal s�s se�ea rsy mis searity ra�uiaait. '
<br /> � If tLe�w�s heid by I�ender eaco�d the amoonts Pomuued�o be h�ld bY appTicable law.Tsnder sda11 atxow�tp Borm+� •
<br /> for tbe tacoess Fundc in a000r�oce�vuh the req�ti�eats of appl�cabk l�w.If tbe unonnt of tbe Funds heid by La�der�t atry `
<br /> .time is nd�tm pay 6�e Es��nuw Ioems wben dae,l.enthr may so aot�'fy�orrovrror in wri6ng,�io-su�+�B`t��
<br /> : shdZ pay w Lendzr tb��m�duut neoe�ry[a m�ke up thc deficim�y_Hc►cro�ner slnll matce up tbe defkieo�.7►na aa awc�e tl�g
<br /> . twdv�monthl�i paya�en�.at Isnd�er's sole discrenoa. - . .
<br /> . iJppn p�ymeot in.fot�of.alt smns saarred bY this`5a�nrY I�um�t.'I�t�1 P�P!IY nefund to Somnwa saSr
<br /> • F�ds 6eld by l.d�der.ff.nnder 2l.l.ender sbaq aaNire or seit tLe Prope�ty,Lender.pn�w the aoq�isitian oa r►�le
<br /> of tde ProQerty.slw}1 appiy aaY�bY Ixuder at the time o�afcquisi�ian or sale as`a cr+�'t�nst.tbe sums soairea by � . ,.-
<br /> - this Saa�r}ty I�c. : . . .
<br /> - � 3.A�pli�tios ot Pk Unless appl'icaWe 1aw provides ott►enrise,att paymarts ieceimpd by Lender ande*Puagr�s •Y
<br /> 1 m,a a sdau be applioa: co any prq�y�mu ct,arges au�under d�e rroce:saond.w amounts payal►le waaer�ph 2: : .
<br /> m�a,u��m�esc a�;fo�,��to ptinc�ipal due:atd Iast,w aay late charges due utidet tLe Note.. � � ' �
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<br />-- = 4.Cia�s;Lie�.Borrower s6aU'Paq aU iaxts.ass�tNs,chaBes•fi�s smd'unpositia�au{iilwtabla to tbe�c�pe� �
<br /> u
<br /> _ vvhich may altain priorny aver�this Security In�ttumeat,aad t�ol'd payments or ground rents if any. Bom�wer siwli pay ,
<br /> t3�ese abligatioas in the m�at�s pr�nvided in paragraph 2,ar if aot psid in tlfat a�anner,Barrower shaU pay tlieia.o�time di�axty
<br /> � w the persan owed payment.Bomywer atnll PmmptlY�fumish ta I.eoder all no�ices of ariiouMs to be paid onder this.p�agtap6. .
<br /> If Bocmvrec ma�ces these paymauts di:ealq.Horrower shatt promptly fianish w Lender i�eeeipts evidenein811n paY�
<br /> yma s
<br /> ` Bor�ower shall m y discharge any tien which has priority over this Se�triry Insdvraent unless Boi't�awer:(s?�1�
<br />-:', writi'ng to tue payn�ent of t�he obligation secured by tLe Hen in a manner acce�able w Iendeer;(b)contests in good,faith tbe l�en
<br /> -b y,-ar defc�ds agai�st e�t'oicement oF tlte lien in.le8al Pmceedings which in-the Ixnder's apinion-opecate to preyeut the-- _ - -
<br /> enfonoemene of tUe lien;or(c)secures from tQe hnider of the lien an agreement satisfactory to I.cader suboidinadng the l�ea to
<br /> . this Sew�Ity Instrument.if I.ender detem�tx�that ar►y Part of the ProPenY is subjea to a liea which may aua�n priarity over
<br /> this Se�vrity I�me�t.I.ender may give Borrower a notice ideatifpi�rg th�lien. Botrower shall satisfy the lien�or tatF oac or
<br /> more of the actIons set fottb above within 10 days of the giving of aotice. �
<br /> - • S. Ht�rd or Property It�sarance.Bormwcr sfm11 ketp the improveuients now e�uspng or hereafter er+ected on the
<br />= Property inspt+od against loss by fire.�azards inctudad within tde tern� "estended mveregc"and any otber hazards. including
<br /> ' fluods or ttaading,for wfiich L.ender requires i�uur.m�e.This iasuranoe shail,be maintained in thc amourts ard for the perinds
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<br />_ that Lender requires. Tfie insurance carriec pro�riding the insurai�ce shall be chosen by Borrower subject to l.ender's approval
<br /> . wiuch shali not be um�.wnably wit#�held. If Bo}rower fails to maintain covcrage described above. l.ender may. at I.e�der's
<br />= option.ubtain cavernge to protect l.ender's rights in the f�ropert�in accardance with pacagraph 7.
<br /> A11 insur�tre policies a�`rene�vals sl�all be acoeptabk to Leeder asa!shall inctude a siaadard mortgage clause. La�der,
<br /> � shali have thc right to hotd the policies and rencwals.lf I.ender re�►uires.Borrower shall pramptly give to l�ender all reocipts of
<br /> ;K paid premiums and renewal notices.in thc event of loss.Borrower shall give prompt notice to the msurance carrier and L.e�der.
<br /> . ' „�7,~, Irenc�er may make praoP of loss if m�t made promptly by Borrower. ,
<br /> �''�'`•�' Unless Lender and Bonower othcrwise agree m writing.inwrance prcxeod.c sha116e applied to restoration or repair of the
<br /> . 'L.'•ti?•�'�'5:��:.'�
<br /> :*�"� PropeRy damagnd.if the restoration or rcpuir is ecUnomically featiible ar�d L.eader s security is not lessenal. lf the restoratiun or
<br />- f � �- y repair is rat eoonomically feacitile or Lender's securiry wwld be tessened.the jnsurance proceeds shall be applied tp the sums
<br /> �� socured by this Security Instrumsnt.whether�r not then due. with any excecs paid to Borrower. If Barrower abandons the '
<br /> _ - Property.or dces not amwer within 30 days a naticc from l.cadcr�hat thc insurnnce carrfer huY�fferod to settle a claim.then
<br /> ���»• �..; l,ender may oollect the inwrance �r��ceeds. l.ender n�ay ose the proceedy to rrpair or restore the PrvpeRy or w pay sums =___
<br /> �F - �-''•=`y� secured by ihis Security In.rtrumen�whetficr ur not then due.The 3(Way pr:riod will begin when thc nntice�s g�ven. . —_
<br /> - =="-'}' ' Untess Lcnder and &�rr��wcr i�thetwi�e rgrec in writing. any applicatian nf pr�nccYfs to primipal shall nat.extem! or --
<br /> . -. .,�;,..._., ,. ,._
<br /> �• .� +�. " postpone the duc date of thc m�mthly p:�yment� refcrrcd ta in paragruph� 1 and 2 or changc thc amount��f the payments. If ,�__
<br /> ...r3�;'.'".•, •'_.,: P�fi P P� Y �t , Y F Y P� P F
<br /> • : .��,,; : under ra h 21 thc Pm rt i�a uiral b Lcndcr. Sorr��wcr'ti ri ht to:►n insarancc lic�cs and rex�cccl�resultin from "
<br /> _: `;�:;�� clamage ta the PropeAy prior tn the seqw+ition shall pa�.�to i.eneter to the ext�nt uf the+umti u;cured by thi�Security Intitrument
<br /> '��� .-. �- immediately prior to the acquisivan.
<br /> -k�-�t � - 6,Occupanc�,1*recervation.Afaintena�e and'Prutection of the PropeMy:1l��rroa�er'�fewn Application;i.easeholds.
<br /> � Bprrower shail accupy.estubli�h.and use thc Propeny a.�&►rrowcr's prirtcip�al rc.iJc�mc w•iH►in.ixty day+after the ezecution of
<br /> - _::�_:''. thi.�Sccurity lntitrumcnt and.rhall continuc tu orcupy thc Pruperty a�Horro«�er'�prinripal rc�idchcc for at lcast onc yc�ar aftcr
<br /> '-, ', thc date of orcu .� F Y
<br /> .,��:,:.__ "' pancy,unlc+.c Lend�K nthcrwiK:• rc�w in writin ,whith r��n�cnt�hall nnt bc unrwtionabl withheW.�+r unles�
<br /> 'r' � cxtenuatin� circum.wnc�w exiyt H•hicb :ite hryond B��traa•cr� contrnl. W�rrawcr �hall iu+t de;voy. damage or impait the •
<br /> ,,�,, •� - Properiy. a11ow the Prupcny to deteriorate. or cammit w•r�tc�m thc Pruperty. i3�ttruwcr .hal! hc in dei4u11 if an� fi,rfciture -
<br /> • ' action nr prac:ccding. whcthcccivil nr criminal. iti hcgun that in I.cndcr's g�x�d faith.judgmcnt cuu1J r�wu(t in ti�rfciturc of the
<br /> • �`�" .::'�' ' :� � Property ot othcrtvi.�u�m�►tcriaily im�rair thc.licn creat��i by thiti S�tiurity ln�tnimcm or l.�ixlcr'�rccurity intcrcwt. Borrower may •
<br /> m►
<br />- ` ��`'���a.,;: ;, cnre xuch a deiaud and reimtatc.:�proviJccl in par.qeraph IS.hy�autiing thc�rti�+n��r prucrvxling tu bc Jitimi.rscd witb u ruling
<br />- ��•'-. =�:�.:-��.,= that. in Lender'�:g�d faith ctctcrminstian. prcrludc!� fi�rfcitun ui'Ute Hurru��•cr'� interc+t in the Property or othcr mrterial
<br /> '�;••�� .'-�...' impairmcat of ttic licn crratdl hy thi� Securily 1��.�trununt or LcnJcr'y+ecurily intcre.�. &�ru�wcr�hall ulv�6c�in default if
<br /> °�''�' •'''�''' BormwGr:during the taan�pplicatian pr.xc�ti.rave m:sierially f:ilx or inac�vrate�nformation ur�tatcmenx+t�Lender(or i�ilcv!
<br /> -:f,,: . . � .
<br /> °�- � ; • to ptovide Lettder with any metcrial infiirt�ti�m)in c�mn¢c1iu��with U�c t��aa evidcnc�tii by dte N��te.including.but rtot limited
<br /> -�itiSy�.fi"'. tO�repr�entatians ecm��eming&m<�wer's�KCU�ncy af the Property a�:�principal re.iQcirce. If thiy S�wurity Instrumem iti�n a -. �' . .��
<br /> '-'';�.�T f` (easehold. B�rrower xhal! comply with �!I tfie provi�ions ��f thc tra�r. if H��rr��wcr ucyuire+ frc titte t�� the Property. ihc •
<br /> . :�.����:��, leucchold and the fe�tiUc shall nut mer�e unlc+z Lcndcr.��rccti tu the nTCr�cr in writing. ' • �
<br /> -� "�°�� 7.Ptnt�lton ut Ixnder'a Ri�hty 1n the Prnpertv.lf t3c�rru�cer fuilti tu perti�nn thc cuvenam.and:�crctin�cnt�containc�!in .
<br /> - — thi�Security lmtniment.or tl�erc iti u teg�t pr�xecding'tt�ut may �ignificantly af'fect I.etnler'ti riglit�in the Proixny I.uch u�a . ,
<br /> -� pmceedin�in b:mkruptcy.pmbate. for�ntdemnutiun ar fi�rieiture i�r to enfi�rcc laa����r regulutinn.),thcn Lcnder ntay di+anJ �; -
<br /> -- Pay far whaterer is necessary to prntect the valuc nf the Propeny:uYl Lcmtet�, rit;hty in Ihe i'rupeny. l.�nder's uctiuns rn:�y
<br /> �ncfudepayin� am sutps s�xuml by•a licn which ha�'prionty over this 5ctiurity In�trument, appraring in r�un. payin� �--
<br /> - _ rasorable attomey�' fcc�und entcring on the Prapeny to makc repain: Aithnugh t.crtdcr�y tukc u.�ti���ti u��J��r tt�i+p�aragrap� j-
<br /> '— ° ?,Lender does rwt have tn do u�. ' .
<br /> -� A�ry aaiounts disbursc+d by Lxmier uneter this p�aragruph 7 •hull bcco�ne ucldition:d debt uf &►nower xccurcd by thi� � . '
<br /> �, 5 e c u r y ty L utruttsent. Un tess 8 c rrmwer un d i.c n dcr:�rcc tn�t hrr terms a f paymen t. t hc�e s a m w�f ts s h a i l I+rar int crcyt from the � .
<br /> _ �date of dlsbnrsemcAt at the Note rate and sh�l bc payablc. with intcrest, upm n�ni��c fn�m l.cnder tk+ &�rtower requc�ting t, ,
<br /> _ paytt�t. . .
<br /> _;,
<br /> " ' 8.Mo�ge ingurance.If Le�fer requjred mnit�age insuruncr a.c a cottdition.�t m:tking thr I�reri�.urat by this 5ecurity
<br /> :-�. .
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<br /> . _ Irtstrunte�ir. Horroarer-slmif pay tLe prernian�s tequire�f tv nt�inh�l�r tier�nn�r��.��i�.�ratnY itr tif'fn�. �f:fiK astiy reasc+�: t : �
<br />- ttwrt�tge insurance coverage requiml by,Lemter lapse�a or rea.vcw to be in effect. B�rrrnver shall pay the premiumv reyuiml h�
<br />- oMstin coverage substantially equivalent to the mort�ge imurnnce previously in effec�.at a ras�subsainH�ity eyuiv:ilcm ev if,e � .
<br />-_ rost to Borrower nf the mnttgage ia4utaace previau�ly in cifert. frcim un ultemate rm�rt�e intiurcr appwvcd by Lrndcr..lf
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<br />_- . . , ., � . w�oo z ot s faem 3028 8/90
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