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<br /> ---�� - --�.r..r � ,93- i
<br /> Tlse Furidb atpol be held in an inwitution whace depostGC att insured by a fi�erai qqancy, imtruma� ily. or entity
<br /> (including L.ender.if Lendo�ir�wch on inultutbn)or in any Faderal Hame Laan Ba�k.Lender elwll apply th�Fundp to pwy the
<br /> &crow Item�.L.endar may not charYo Borrnwer for holding ard applyjna the Fund�. �nnually wu�lyzlns the e�crow�coount,ar
<br /> varifyin�tlw,F�set�ow Itema,uNe�l.a�der p�yi Bomawer irMCast on tho Funds�nd�licab�le�law pRmitu Lender 10 m�e wc6
<br /> •cdarQe.Hawa+►or.Le�ter mAy ra�uiro Bormwer w py�ona-dma cluu�e for an i t�I e�t�tc tax�tln��ervioe
<br /> used by lendor in connecxion wlt6 thir lan, unlesr appllc�bla Iqw provldes otherwlee, Unlass an asnxman ie �rwde or
<br /> appticablo law roquirer Intarat ro 6e paid,L.ender�lwll not bo roquired w pay Borrov►�r eny lNarest or eamin�i on tho Punds.
<br /> Borrower and Lcnder may�groe in wrlcing. however.that lntereat ehAii be pwid on thc FuMa. Lender chwll give ta Bonnwer.
<br /> without chArge. an annuwl accounting of Ihe Funds. ahuwing crodits and debits to the Funda nnd the puryase for whlch ach
<br /> debit to the Fundn was mode.The FS�ndx are pkdgod ar additiona!�ecurity for rll suires�ocurod by this Secudty ln�tniment.
<br /> -�____�__ If the Funda held by Lendu excood the�ncwnts permitted to be held by appNcabte law, Lrnder shall Account to Barrower
<br /> �- for the eaass Funda in acco�danca with�heraquirements of s�ppUcable Iww. If thc amount oP the Funde held by I.rnder at any
<br /> time is nat suffiaient to pay the Fscrow Items when duo,Lender may so ootify Bormwer in writing.and,in such casc Borrowcr
<br /> sl�ll pay to Lendo�ttie anwunt nocess�uy ta make up tha deficiancy. Bomawar�hall nwico up the detiaiancy in�o more than
<br /> twolve monthl7 paYmenta.at l.endar's sola discr�edon.
<br /> Upon payment in full of all suma sacurod by this Secudty Instrument, l.endar ehull promptly refund tv Horrowor any
<br /> - �-- ------� Funds held by Lender.lf,under pangrt+pA 21,L.a�der shall acquire or sell the Prc�peerty,Lender,pdar to the acquieition or s�le
<br /> _ _____ of tha Property, shall Appiy any Funds held by[.erder a the time oi acquisilion or sale as e credlt againat Ih�suroe sacured by
<br /> -- — this Secudty Instnimenc.
<br /> 3.AppBcptbn ot Paymente. Unless upplicable law provides otherwise.all payments reccivod by Lender under paragraphs
<br />__� t pnd 2 shall be applied: firet,to any prepayment chqrges due undcr the Note; secand,to amounta payahle uador para�raph 2;
<br /> — thitd.to interest due;foucth,to principal due;u�d last,to any late ci�rges due undar tha Note.
<br /> -= ; 4.Chr�ges;Lleas.Borrower�hall pay all taxes,assessrnents.charges. finea and impositions andbu�able lo�he Propeny
<br /> =;:�'°� whlcb may anain priurity over this Secudty Instn+mam, and leasehold payments or ground rents. if any. Borcower shall pay
<br />.;j•,..• , tl�ese obligatiana in the manner provided io par�gmph 2,ar if noc paid in thnc ma�u�er.Bornawer ahall pay�hem on time direcqy
<br />_ ,, to the person owed payment.Borrovufr shall prarnptly fumish to l.ende�all notices of amoun�s 10 bc paid under Ihis parngraph.
<br /> ;;`=+ If Borrower makes these payments directly,Borrower shall pmmptly furnish�o l.ender rereipts evidencing the pAyments.
<br /> Bormwar aihnll proirrptly discherge any Uen which haspn qriry ovBr this Security Instrument unless Borrower:(a)ng►ees in
<br /> - ,�. - wdting tq.the payment of the obligation secared by the lien in a manner acceptable ta [.ender;(b)contests in goad failh the lien
<br />_ ;� �.��'� by, or,dafands against enforcement of the lien in. legal procoedings which in the L,cnder's opjnion aperatc to prevent the
<br />'�=•'"� � enfArct�manhof,tha lian;ar(c)secures from the holder oi the lien an agrecment satisfactory to Lender subordinating the lien to
<br /> " �=_^r : ;;�...••< `'^;•, this Security Jnf+tiumant [f l.ender determines U�at any part of the Propeny is subject to a liea which may attain prioHty over
<br /> t w ,�;��;. � ia�--
<br /> �y �J this Secutity•Insttum�nt►,L.ender may give Bornnwer a natice identifyfng�he Ikn. Bormwer shall satisfy thc lien or take one or
<br />- , t,�s el'"..dyq'�J �•�"��,.
<br /> , : mare of tho aatinqR sat f4nh�abov@ wi�hin 10 deysof the giving of notice.
<br /> �, , , � `��'' r '� S. Nassard on Noppt�ty lrsurAmee. Borrower shall keep thc improvementx aaw exiaNng ar hereaiter erected on ihe
<br />_..:t:; :.:;. `.. . .,r`A P�operty incu�d againct lass bK Bm,haiarda included within�he term "extended coverage" aod any nther har�rds. including
<br /> ,�.�, • � ' Qoads oc Onading, for•,whiahi4ender requires insura�ce.7'his insurAnce shnll be muintained in the amounts ar�d fbr the p eriods
<br />° - ��^��� =�� ' tlwt L.endor mqyft�es. Tho insumnoe cerner providing the insurance ahall be chosen by Borrower subject to L.ender's approval
<br /> __ �' �;. x`}i_� which shal) nntbe unt�esx►nahly wilhheld. if&xmwer fails to mnin�ain cc�verage d�crihrd ahnve, IrMrr mny,A! 1.�►ldP�'++
<br /> " �� '•`+'���� ' � � option,obtain caverage ta pintart t,.ender's rights in the Property in accordance with paragraph 7.
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<br /> ..�.,�,,.�..�.. ��.�;;.•,� AU insuranae poliaias and rrsnewafs shall be acceptable to Lender end shall include a standard mortgage cluuse. Lender
<br />- •• . ' '� ahall have the right ta hold tha pnliaies and renewals. If[.ender requlres,Borrower shall promptfy give to I.ender all receipt�of
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<br />:�,,;i�; ;':,;: �• . �:::, pafd premiums and renawal natices. In the event cif loss,Bortower sl�all give prompt naice to the insurance carrier and[.ender.
<br />. `��R• �• • �`��• Lrndar may make prooP of loss iP not made prompdy by Born�wer.
<br /> ' �..,:. � � Unless LendBr and&►mowe��thervvise ugree in writing, intiurunce pmceed�shall be Applied to restorotion or repair of thc
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<br /> .;r,'���:..`• .'• r. Ptopetty damagcd,if tha�ctarotinn�nr•repair is emnomicnlly fcasible und l.ender's security is not lessened.It'tha r�estor�tion or _
<br /> " � • ��', , � repair is not economicnlly foesiblu o�.Lender.'s�curity wauld be Ic.SSened,the insurance proceeds shell be epplied to the sums
<br /> "' ��'�`•. . secured by thie Securfty ln�tnrmant, whether or nat then due, with any excess paid lo &�nower. If Borrower abandons the
<br />�"��: �.:uMw• > • � ;���= Fhopetty,or daas nat answer within 3Q dayti a ndice from l.�:ndc�thut the inxurance carrier has offered to setde a cluim, then
<br /> -�� - .:��. � L.endar may callect the inwmnce pimeeds. Le�der may use �hc praccedx to repair or restore the Property or to pAy sums
<br /> A' ;%;�:; ' secured by this Securiry h��trument. whether or na then due.The 30-day periad will begin when the notice is given.
<br />_ . . ., Unlass l.endar and B��rra���er otherwi�c agree in writing, any upplication uf prareedx to principal shull rwt extend or
<br /> poupone the due detc nf d�c mnnthly paymem� referred to i�parngrapha 1 and 2 or chnnge Ihr emnunf af Iho pnymentx. If
<br /> ��s� ' � ' � '�''�y undar para�rtiph 21 Iha Property iH uuquitrd by l.ender.Bnrrower's right to any intiurunce pnlicies and proceeds resulting from
<br /> ` � • ..�;.��3::'•, damage to the Property prior to tha aoquiaiii��n shull p;�ss to l.ender to the extem of ihe sums:�ecured by this Security Instrument
<br />`•"° immediutely prior to�he acquihiNon.
<br /> . 6.O�cupancy,P�vat[nn,llfnintenancc and Protectfon of the Property:Borrower'x I.oan AppBcation:l.easeholds.
<br />_ . Borrowe�shell occupy,ebtublit,h,nnd ur;c Ihe Pmpeny as&irrower's principal re�idence within sixty days after the exewtion of
<br /> . .•... lhis Sccur{ly Inurumenl and nhpll�rnminuc to��ccupy thc Pmpeny u�&►rn�wer's principul rewidence for nt Iruxt one year uRer
<br /> � . '�{"' �he dcNa of occupuncy,unloss Lendar othcrwik�grees in writing, which runsent xhall not be unrea,nnably withheld, or unlexs
<br />.- ��,�; w extanuating circumatunoes exi� which are bey�md &�rruwer's cantrol. &xrower ,hall ant de+troy, damage or impuir the
<br /> �r"';�• Property, allow tha Propeay to Jetcrioratc, or�ommii wnste on �hc Propeny. Borrower shull hr in default if uny fi►rfeiture
<br /> �`' ' ac�io�or proceeding, whether civil ar criminul, i,begun that in I.c�xlcr's g�x�d faith judgment coutd result in fcxfeiturc of the
<br />�� >�� Property or otharwir+e muturinlly impair the 1 ien crwtcd by this Se�:uriry In��rumcnt or l.ender's,ecurity inierest. &�rrower may
<br />�.�.�' �� cum sueh u defuult and rQinntutc,uti provided in{�ur•rgraph 18, by causing ihe xtion or puxceding to he dismissed with a ruling
<br /> " �hwt. in Lender's gaod fuith determination, prcrludcs forl'ciiurc af thc &�rcowcr's intcrctit in �he Pro�x:ny ur othcr matcrial _
<br />,;;, �`. ���, Impairtnem of the lien creu�ed by thi� Security ln.r�rument or l.ender's security imcres�. &�rrc�wer�hall alxo lx in defuult if
<br /> ` �'"� Borrower,during the Icwn oppliru�ion pn►cc+a,guve materially fultic or inuccurrtc infiirnwtion or,�utements to I.ender lor failcd
<br /> � '� `'�?�` � to provide Lender with any material inforn�rtiun) in ronnertion with Ihe Inun evidenr��l by the Note,inrludin�t,but nu1 limited =
<br /> ��t, ' � �" �;,:' tu,repr�esenwtions courernmg Borrower'x arcupancy of the Property uti u principal resiJence. If thix Sewrity Instrument is on u -
<br />,;.� ' f ,`;�•'.�;;,, leasetwld, Borrower shall comply with all tlx pmvisions nf �hc leaxc. If Bonowcr a�;quire� fee tide ta the Propeny, the
<br />;_r� S • ,:;,;,:;°'�,: leasehald And the fce tiUe shall not merge unle.s l.cnJer agrce� to�hc mergcr in writing. _.
<br /> • �. S , , . • :;;;,;,_:�:.' 7.Protection of Lcndcr's RiRhts in thc Pr.�pert��.If Burr��wcr failti lu Fxrl'orm thc ruvenanl+;�nJ ugrcemcrn.r c��nlaincd in _
<br />'_ " ��,:•:•.r.,•�' �his Security Inwtrument, or�here i�a legal pr�wceding Ihau may siFnifirunUy uftect l.cnder'. right.in th�Pr��perty (wch a.a -
<br /> �'���' ' ��' � ra�et�din m bunkru tc robntc. Wr condemn�ttion ar torfciturc or to cntixcc law� ar rc ulutiim�l, thrn Letuier nw da�nd
<br /> - . �; ,;�. - P B� P Y• p � Y �.
<br /> ; �;,:f;c: pay fbr whntcvcr is ncccs.ury to mlcct Ihc vuluc af�hc ProExrty uncl l.cndcr'c rights in thc Property. L.endcr'�arti�mr�muy .
<br /> "=" include a m un wms �u h u licn which has riorit �n�er thi� Sccurit Instrument, u arin in ruun, u in
<br />- � �''` � � reas�nabla�ttu�mcyb'�fees and erncring on thc Pr+cipcny�o mukc rrpain. Alth�wgh l.rndcr muy wkc uPcP nn under�his pu�g aph
<br /> —a.� •��• • 7_le�der dnes nnt hnve tn dn�n. -
<br /> • � '` Any amounts disbuneJ by I.ender under this parugrrph 7 �hull lxcome :nlditionul dcM uf' &irn�wer ktu��d by this
<br /> '' �• Security Instrument. Unless&�rrowcr und L.�nJer agrcc to iNhcr tcrms of puyment, these umount.r• ahall hear interest from thc ;
<br />-__` date of disburscment at thc Note ra�e unJ xhall bc payuMle. with imcr�s�, upon nuti��c from Lendcr to Burmwer reque+ting
<br />_ � '. . . PaYment. ?.
<br /> `+�%-�'�''- ' 8.Martgage Insurance. If l.codcr rcyuircJ mnrtgage insurnnoe ac u a►ndi�iun of making Uh:luun xrur��i by thi.S�turity
<br /> �r, w�^`� � Instrument, Borrower shstll pay thc premium�n.�yuired to n�inwm thc mnrtguge imur•rnce in et'f'crl. II', ti►r any r�a,un, tlx :
<br /> ..;�i��.:.,�:;.�.: ' �8 R q� Y P P'Y P 4
<br /> �t , mort a e insurance covara e re ired b Lrndec lo ties nr ceases to be in ef'fi�ct, Born�wer�hnll .� thc remium.rc uireJ to
<br /> o6tain rnveruge substanually equivulent to the mortguge inxuranre previoualy in effi,�t,at a caxt.rub.tumially ��yuivulcnt lo Ihr
<br /> ' , • " oost to Rorrower of tha mnngug� insun►nce prcviuu�ly in eft�*ct, from:ui nitemate monguge in+uror upproved by l.enJrr. If
<br /> , a�� ;,:.
<br /> 41 .,�:,'e _ . .
<br /> _�,rs • .^ � � , � pp��a�� form 3028 9190
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