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<br /> � � � In ta Bot►oww's �saow aaoount undu the '"_-�- -
<br /> .., not to aoMd th�m�udrnum�rnount a Mmd�► ta� t�aty nlat�d matpaa to�n rtwY �4 � � ._�;;:�:4,=-=-�
<br /> . ° ' t�danl Rwi Eetat�SattlMnw►1 Proe�dum /lot ot 1874 as smw►d�d trom Urn�to 1Nns,12 U,9A. 860/ et eeq. (REBPA ),unNts anoii►w kw ' �::�A�:;-_..o.,.�:
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<br /> ° � that�ppll� W th�FunM sob�t�w�r+emoun4 it �o, Lmdr may� at tny time, ooKtsot and hal0 Funda In nn imount not to excaed the� - `
<br /> �ysK�mouM, Lmder may t�Urn�t� the Wnount of WnO� du�on th�baels oi aurtent daU�n0 raeomble eatMxtea ot ex�smdkwn of� ., F
<br /> ' futun E�orow ftara or oth�rAi�in aacordana�wNh�POYoabf�kw. �`
<br /> — � • . .
<br /> Ths Funda eh�M b�hrid M �r►in�tltutlon whos�6po�Ke aro hwrod by a f�dwd apenaY� ImhurtanWNy� a�n1ltY linoludMp L�ndor� M� .
<br />_. . .' lender!e cuah an inetilWot�?or!n eny Fsdera!Hom�Lan 8mk. �.md�r ah�N�PAN th�Funds to pay th�Esarow It�nn. I.�nd�►tn�y not ,, u . ,.:.; -
<br /> —. , ..,
<br /> nh�rps 8omowa fa hoidinp md �pplyYip the Funda,annuaNy anatyiinp ths�sarow aoaount,or wrlt�Mp th� Htcr�v R�rtn,ut�Ns�I.�nd�► —
<br /> ' paye 8arowx Int�rest on tAe Funds and �pP�bts t�w partnits L�nd�r to nwke�uab a ehcr0o. Horuvc:r,Lcndcr m�}r ro�uke Bo�rowe►to . . _._
<br /> ' � pay�on�Um�ahupe fnr�n hdepm�ent ►aN eat�t�tax npatk�p �enic�us�d by Und�r In oo�n�oUon wNh thl�tou►.unl��pYoabf�kw '' , � _
<br />�. provides othenWs�. Unloss ut tpreetnent is mtd� or �ppNoabb kw tpukes Int�nst to be ptid, L�ndat afa�M not b� nquk�d to ptY ., ,• —
<br /> � 8otrower any intaro�t a wnh�s on the Funds.Barow�r and L�ndr►m�Y��r�s In wridnO�howwe►�tlut Intatat�hd W p�id on th�Funds. ,
<br /> �� Lenda shaA pN�to Bortower,without oharqe. an annuu accour�lnp oi the Fund�,showb►p ondlu md d�bia to th�F�nd��nd th�purpoa --
<br /> tor whbh etob debit to the Funds wae rnaG. The Funds�n pl�dp�d a addRlond tscurih►for a1 wna asound by thls 3eourity Ustrum�nt
<br /> H ths Funds hdd by I.endet sxceed the unounts p�nnllted to b�hoid tsy appltoable ltw. i.endx shaN aocount to Boivowa ta the . _
<br /> exceae Funda in aceordnnce wtth the roQukenaenta of apRNoabls kw. 11 th��m°�^t of th�Funds hdd by lend�t at u�y tkna Is not sutAoMnt ' �
<br /> � to pay the Eeexow Items when due, Lender m�y so noUy Borrower In writlnY� �nd,h suah oass 8ortowe�shaN pay to Lendet th�anwunt � •. �
<br /> eexo
<br /> neceaeuy to make up the deftdency. Bartower ah4q moke up the deAdenay in no more th�n tweNe monthy payneaite, at Lender's�ota �� ' , �
<br /> r
<br /> � 1 ��,. ., , ,
<br /> Upon payment in (uY ot atl euma seared by thle 3ecurtly Inatn+ment, Lender ahaN prompUy tetund to Barower any Funde h�td by '�"-
<br /> _ _����,.
<br /> " Lander. if,under pampraph 21, Lende�sh�A acquire or aeN�he Property,Lender,Pdor to the acquieittan or aale oi the Property,ahaa aPP�Y , -=-_--
<br /> _ any Funde hdd by Lende►at the Wna of aoqulolGon a eale te s aedtt apttnst the eums aeaurod by thle 8ewrUy hsUumen� -y,;`-=
<br /> 3.Appilc�tton of Payment�. Unteae appNeab�e k�v providea otherwfae.�q pltymente roceivad bY i.a�d�utidbt►wrayraPha 1 and ,;��"
<br /> 2 shaq be appUed: flrst,to any prepeymenl oharges dua unde�the Note; second,to amounta peyable under paragraph 2;third to Interest � �" -�;,._
<br /> due;fourth,to pdnolpal due;and ket,to any kte ohargea due unda�the Nota. � � "''�
<br /> Mes and Im osiNona atpibuubte to tha P►opaty whieh .,.•�`�:
<br /> 4. Cha�geY; Uens. Borrower ahaN pay aB taxea, ass0samente, charges. P .. ~ ."V ;-
<br /> , mey attain pdority over this 3eeuriry Inshument,end teasehold payments or yround rents�tl eny. Borrower shaq pay tfrese obtigattons in the . ��,y:�:�
<br /> mnnner provided h paragraph 2, or if not peid in that manner. Borrower ehaN peyr them on Ume directly to the paaon owed payment
<br /> Borrower sheU promp8yr tumish to Lender ait noUces of amounts to be paid under this paragreph. If Borrower nnakea these payments ��_.�~�
<br /> ' .!�-.._.r_
<br /> dt►eoBy.Bortower shall promptty tumish to lender reeelpta evidencing the paymente. •�r"?= _
<br /> � , Bnrrower shall promptly discherge any ilen whloh hns pdorfty over this 3ecurity instrument unieae Borrower.(a)agrees in writinp to the ' ���
<br /> pAyment oi the obligetbn secu►ed by tha Oen In a manner acaeptable to Lender, (b� aontesta tn pood taflA the Nen by,or detends apilnst . ;,�
<br /> enloreement of the Iten�n,legat proaeedinys whkh in the t.ender's opinion operute ta�rev�r►i ttss sntarccxsrcnt at the Ben;cr(oj ees�sre�+trom ----— -
<br /> , �,..
<br /> the holder ot the Ilen an agreoment setleteotory to Lender subordinatlng the Ifen to this Seaurity InstrumenG tt Lender detamines that any r � ;,4( � �
<br /> pait of the Property Ia eubjeat to e Ilen wNoh may attaln pdodty over this 3eawity Instrument, Lender me9 9Me Bortower a notiae IdenUMnp � �r
<br /> tho Ilen. Borrower shnA aetisy the Uen or tnke one or more ot the aattona eet torth nbove within 10 deya ot the plvinp ot noUce. � . s„
<br /> ':, �; .
<br /> S. Hazard or Property Insurence. Borrawer ahall kecp the improvements now exlsUng or hereafter arected on the Propaty I . �,,
<br /> Ineured ngekist toss by tlre,heffirds Inciuded wfthin the iertn 'nxlm�ded wvere0a'and any othex hezerde, lnolud#np tleede��Aooding,tor l _..T�?2_� .
<br /> whieh Lender�equires insurance. This Insuraneo sheA be malntained in the amounts and tor the periods that Lendef requires. Yhe inaurattce � F �
<br /> cartter providing the hsurance shatt be ehosen by Bortower subjeot to Lender's epproval whiah ehall aot be unreesonaby wtthheld. It � %��
<br /> BoROwer faNs to meintatn coverage described above, Lender mey, at Lender'e opUon, obtafn coverage to protect lender's dghte in the , •�
<br /> Properly in accordance wfth patagraph 7.
<br /> �, M Insurance poiiciea end renewals shalt be acceptabie to Lender and shaA Include a standard moRgage elause, lender shaq have the � , • ,� y�Q'�
<br /> , �ight to ho�d the poiides and renawals. It Lender requkes, Bo�ower shali prompty give to Lender eil receipts of paid premiums and renewal � :��,%/ �'
<br /> noUces. In the event ot loss, BoROwa shail gNe prompt notice to the insurence earrier and Lender. Lender mny meke prooi ot tosa N not , .
<br /> i
<br /> made prompty by Bortower. (
<br /> i Uniesa lender and Bortower othervvlse egree In wdting, Insuranee proceeda ahalt be eppAed to restoraUon or ropefr ot the Prope�ty
<br /> � domaged, N the reatoredon or repalr Ia economica�ly teasible and Lender'8 88CUIIhI �8 t101 18888118d. B the reat�tatton or repaM la not �
<br /> � economicaily tea�ible or Lender's eeewNy would be lessened.ihe Insurance proeaeda ahali be applled to tha euma aecu►ed by thie 3ecu�ity �
<br /> � • � Instrument,whether or not then due,wfth sny excesa paid to Borrower. It Borrower abendons the Property, or does not answer wRhin 30 �
<br /> days a noUee trom Lender that the insurance eartter has oNered to settle a claim,then 4ender may collect the Insurance proceeds. Lender �
<br /> � mey use the proceeds to repatr nr reatore the Property or to pay suma aecured by this 3ewtity Inatrument, whether or not then due. The
<br /> � 30�day pedod wil begh when the nolke ia g(ven.
<br /> Unlesa Lender and Borrower othervviae agree In wtfting,any eppllcetton ot proeeeda to p�indpai shaq not extend or poatpone the due
<br /> ' date ot the monthy peyments reterred to in paragrephs 1 and 2 or ahange the emount ot the payments. if under paragraph 21 the PropeAy
<br /> is acquired by Lender,8orrower's�Ight to any insurance potldes and proceeds resuttfng hom damage to the Propehy pdor to the aoquis8fon
<br /> � ' shatl paso to Lender to ihe extent ot the suma secured by this 3ecurity InsWment Immediatey pdor to the acquiskion.
<br /> ' B. Occupancy� Presenretion, Maintenance and P►oteat0on ot the Property; Bor�ower's laan
<br /> � � Appileetlon; Leasehotds.Borrower ehall occupy, estebiish, end use the Property as Bortower's principal reaidence wRhin ebAy days
<br /> � after the execuUon oi this 8ecudly InaUument and ahali conpnue to occupy the PropeAy as Borrower's princlpal residence tor at �east one
<br /> � {
<br /> ; ye�r after the dete ot occupancy, unless Lender othetwlse agrees In writing, which consent shall not be unreasonaby wlthheid, or uniese
<br /> ' extenuaUng circumatenees exist which are beyond Borrower's conUo�. Bortower ahall not destroy, damege or irtipatr the Property, aAow the
<br /> Property to detertorete,or eommft waste on !he Property. 8orrower ahell be tn defautt fl any totteiture aaUon or proeeeding,whether dvU u
<br /> ' ctlminal, is begun that In Lender's good tallh judgment couid resuR in forfeiture oi the P►operty or otherwise matetlelly Impak the ilen aeated
<br /> • by this 3ecurity Inattument or lender's secutily Interest. Barower may cure such a detauR and reinatate,as provided in paragreph 18, by
<br /> . ' causing the actlon or proceeding to be dlsmissed with a ruting that, in Lender's g�od fafth determtnation, precludes fo�tekure of the
<br /> Borrower's Interest in the Prope�ty or other meteriai impairment of the�en rxeated by tms Securiry insm,meni or �ender's sew��fr a�t�;es�.
<br /> Bortowar shatl atso be In detautt B Barower, during the Ioan applkstion process, gave matedaily taise or inaccurete Inlamatlon or statements
<br /> to Lender (or ialled to prov�de lender wnh any mate�iat IntortnaUon) In conneetion wRh the loan evideneed by the Note, induding, but not
<br /> � � Iimfled to, tepresentadons concemtng Bortower's oecupancy of the Property as a prindpa�resldence. H this SecurNy Instrument Ia on a
<br /> • , � 1�
<br /> � +. Ieasehoid, Borrower shall eompy wkh ati the provlslons of the�ease. If 8orrower acquUes tee GUe to the Propedy,the Ieasehoid and the
<br /> � ` ' tea t(tle she�l�ot merge unteas the Lender agreea to the mergar in wrfting.
<br /> I . Form 3028 9f90
<br /> Nogc Y ot 5
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<br /> ,� " . I F10�9.1M0 C1194) .
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