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<br /> �-- - — Tho FundA shail be hEIA in an instttntion whose deposItR ure insurod 6� n fe3cr��ettc�. nsttvvnentr�ality, or ent{ty ,. -
<br /> ---._..------
<br /> -_------�
<br /> _-,-,;�.n.,..�.,,��, (lncluding Lettder.if Lender is such An instimdon)a�tn ue�y Fede�ai i�or�x tasan f3�nx. L,es:�r elu�!!epaly e un.A t�pay
<br /> � - -__ Esemw Items.Ixnder mey not charge Borrower far hoiding nnd applying the Ru�uts.aRnunlly ntt�lyzing thp e+crow uccoant.or _
<br /> -�~'i;`�.� vetlfying 4he Eserow Itemu,unlesa lender pays Bnmawer intere.+t nn tha Nunds ettd upplicttble law pesmlte L.endet to muke such
<br /> _° -- --
<br /> 'q�.�,�� a charge.However.lxnder mny requlre Horrawer tn pay a one-tim�charge for m�independent rcal estate ua mpflning r+ervi ce _
<br /> 3� �*� usr.�! by I.ender in cannection �vith thia laan. uniess opplicable Inw pmvides otherwise. URIC38 Qfl Q}jTC2AlC11l IR I11StdC Of _
<br /> �}'.-�"-�'�� uppllcAble luw requit�es lnterest ta be p�id,i.endcr ahuit nos be required ta pay Harmwcr nny interest ar earningx on the Furtds. � ---
<br /> ^;-�"�� Borrower und Lender may agree in wrfting. however. thnt interest shalt be pnid o»the Funds. l.endcr sh�ll give to Borrower.
<br /> _ .=•�:��,;:;,,;��. �vIthout chnr�e, an annaal accounting af the Runds.shawinR cr�edtts und debjta to the Fuads uttd the purpnr,e for whtch e�ch
<br /> ;ar.5�7�;y.��.};'
<br /> debit to the 6unds was made.The Funda ure pledged ag additianal scxudty for ull sums secured by this Secudry Instrume�u. `_ {
<br /> - ., � If the Furtds hcld by Leader exceod the nmounta permitted to be hcld by mp iicable Inw.Lender shali uocoant to Horrower
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<br /> • � .� for th�e esce�s Funds in uccordartce rlith the uirements of Applicable lu�v.!f e amonnt of the Funds held by Len er ut any —___ _
<br /> time is not sufficient ta pay the�scrow Items w en due,I.ender may sfl notify Borrawer in writing,and,in such case Borrower � �.__ -
<br /> � � shall pay to I.ender the amaunt nao�sury to muke up the deficiency. Barm�ver sh�li muke up the deficiency in no more thnn =
<br /> twelve mantiily payments.ut L.ender's sole discretion. �
<br /> �:� ":`-
<br /> Upon payme�t in full of all sums secured by this Security Insuument. I.ender sh�ll promptly refund to Borrower stny �,,_'-;�',`____ _ _
<br /> ^ Fnnds held by Lender. If,under pnrngraph 21,Lender shall acquire or sell the Praperty.Lender.�rior to the acquisition or sale rv t � ___,___
<br /> rn
<br /> . of the 1Praperty,shull ppply any 1Funds held by I.ender ut the tizne of acquisitton or sate as a�credit against the sums socwred by ��
<br /> ' this Securi¢y A�sttument. �"���
<br /> 3.A��6a�tt4�ua�it�¢�¢s.U�tess applicable law provides otPternise.�1 pa�ytnenes�eived by Lea.uf,er under�gr�pbs ' .r;��
<br /> � 1 and 2 s➢eall be a��lied: ►rst,to any prepayment charges due u�der¢he IVote� sscoatd. to am��nts payabte u�der�ea��e 2: ,„u-;—'.-�.._
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<br /> thircl.to inteazst due:k'ou�th,to princ�pal due;and lest.to any la¢�c6arges due o�rtder the Note. ` :,";��'�'��
<br /> ,
<br /> •� 4.��es;II.ieas.Bornower shap pay all taxes.assessments.cha�rges,biaes and impositions ateriDuaable to th¢Pc�uperty . ;:.;,,�:---
<br /> ''` whIch �ny atG3in priority over tfeis S2curity Inst[uittent, ar�leasehold grayrtrents or groumd rents.�G aqy• brrowee s4�a1� PaY � `�'`'` _
<br /> r• ... z,_
<br /> ' these obli�ations in the manner provided in paragrag►h 2,or if not paid in that mnanaer.�ioerower shall y¢�em on tim.�dir0ctl `'" �
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<br /> ��' to the person owed payment.Borrower shall prompdy fumish to Lender all na�Aices of amvunts to be Racd�c¢der this�aragraph. . .�;�Y��'
<br /> ' . If Borrower mak�these p�aymrnts directly. Borrower shall prompdy fumish to I.ertder receipu evidencing uhe pi►yrreents. ' :.r�_------
<br /> Bomower sQeall pa+o�rcptty dissharge any lien whicQ has pnonry over this Security Insuvment unless Borrower:(a)rigrees in • •r ;
<br /> ��°p�,; wri dng to t he p ay R e e n 4 o f t h e o b l i�a t i o n s e c u r e d b y t h e lien in a r�anner a c ce ptable to Lender,(b)contests in good faitC►th�lien •�,..,;-
<br /> � � " by, or defen�s agains!e�forcem�RC of the lien in. legui prorasdings which in the I.ender's opinion operate to �mvent the . _
<br /> �'��;-z�� '�i-:�::.�
<br /> rj,�:,::,. enforoem�ent of the liem;or(c)seave��s from the holder of the lie�an agreement satisfactory to Lender subordinattng the lien w �:�..•��,,,N
<br /> '����"''� this Security Instrumemt. If Lender determines that any part of the Properry is subject to a lien which may attain prlority over
<br /> ';i?.�. . this Security Instrd►meu�t,Lender may give Barrower a notice identifying the lien. Borrower shall satisfy the lien or wke one or "'���°:._
<br /> more of the actions set forth above within 10 days of the giving of notice. •�4:-
<br /> ' S, k�z,aard or Property Insurance. Borrower shall keep the improvements now existin� or hereafter erected on the � r�•°-
<br /> :�'�?<i;$� Prope�ty insured against loss by fire, hazards included wit[�in t�ee term "extended rnverage"and any other hazards, including
<br /> •'::;^:: __ a��_;;^,-a:�^ F:u h i c h L e:x l er eices inst!�Rc? 'reric i�wrance shall be maintained in the amounts and for the pertods
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<br /> '�"�i�� that Lender t�q,uimes. 'A�te insurance�er providing the insurance shall be chosen by Borrower subject to L.ender's approvat
<br /> � � � � which shali not be u�na+�asonably withheld. if Bamower fails to maintain mverage described aMve. Lender may, at L.ender's �••,� .,. `
<br /> .?:,� , aptiem,o^�tain rnver�e to protect Lender's rights in the Pmperty in accordance with paragraph 7• `.;.;�t,t�,7;;�;
<br /> ":';':"��.r;:.;,• AEO insurance policies and �enewxls shull be acceptable to l.ender and s!►all include a standard mortgage cluuse. I.ender .:•�i�'•A;,
<br /> ��.,�,�'•,��� �; shall have ehe right to hold the palicies and renewals. If L.ender requines, Borrower shall pmmptly give to L.endcr all ce�eipu of 1�" ,: •:;�.�f�;�;:
<br /> ' .;%;�;;`, paid premiums and renewal natices.In the event of loss,Borrower shall give prompt notice co the�nsurnnce carrier atts4 I[.ender. '£.,::;l
<br /> ' "� Lender may make proof of loss if not made promptly by Borrower. ''"�"`
<br /> Unless I.ender and�orrower otherwise ag�ee in writing,insurance proceeds shall be applied to restoration or repair of the ;
<br /> • Property demaged,if the restoration or repair is economically feasible and I.eceder's security�s not lessened. If the restoration ar , ;,�
<br /> repair is not economically feasibie or Lender's security would be lessened,the insuranca proceeds shall be applied to the sums „�°.,�i
<br /> secured by this Security Instrument, whether or not then due. W�ith any excess paid to Borrower. If Borrower abandons the .� r
<br /> Property, or does not answer within 30 day+a notice fmm I.ender that the insurance carrier has offered to settle a claim, then �� '; Y s
<br /> I.ender may collect the insucance praceeds. Lender may use the proceeds to repair or restore the Pmperty or to puy sumx ' ����
<br /> secured by this Security Inxtrument,whether or not then due.Thr.30-ciay period will begin when the notice�s given. ,�r"-��/��' ?��
<br /> " Unless L.ender and Borrower otherwise agree in writing, any application of proceecis to principa! shull not extend or ,'�� . ;;.:
<br /> •;,{:�`'':• : postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If : �
<br /> ,•����� ; under paragraph 21 the Property is acquired by Lender, &�rrower's right to any in+urance pol�c�es and proceeds resulting from , `:�s,:s . : . '
<br /> ,,ti1t:::,;�•:; ���'•::. •
<br /> . . ;���,;,, damage to the Property prior to the aryuisition shall pa,�to i.cnder to the extent uf thc sums scrured by this Securiry Instrument ,\, ,.:,
<br /> immediutely prior to the acquisition. � � ,
<br /> � ' 6.Occt�pancy,['re+ervatton,hiaintenance and Protection af the Propectc;Borro���er's Loan Application;I.easeholds. � ..:��
<br /> ' Bonnwer shall occupy.establish,and use the Pr<�perty as Borcower's principal residenre within sixty days aftcr the execution of y • ��i��'
<br /> � this Security Instrumcn:and shatl rontinue tu��ccupy ihe Pmperty as Borrowcr'�prinripal residence for at least one year after ; � .
<br /> the date of cx:cupancy,unless l.ender�xherwise agre�:s in w•riting. �vhich consent shall not be unrea�onably withheid,or unless i
<br /> l� ., : extenuating circumstances exist which are beyond Borrower's rontrol. &�rrower �haU not de�truy. damage or impair the '
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. &�rn�wer �hall lx in default if any forfeiture
<br /> , action or proceeding, whether civil o�criminal, ix hegun that in L.ender's goixt faith judgment cuuld re�uit in forfeiture uf the � ;1s;
<br /> Property or otherwise materially impair the liert rreated by this Sccurity Inrtniment ur Lender'+tierurity interest. Borrower may ;.,. ti
<br /> • cure such a default and reinstate,a�provided in paragraph 18,by causing the uction or pnxe�Yling to he Jismissed with a ruling i
<br /> '• � that, iti Lender's good faith determinatiun, precludes ti�rfeiture of the &�rrc�u•er', in[ere.t in the Property or other material � ,,•. �'.
<br /> , ,,•.. impairment of the lien created by this Serurity Inatrument or Lender's �ecuriry interext. 0arrc�aer shall also be in drfault if �
<br /> � � Burra�wer,during the loan application prorexs,gave rnatcrially�fal+�or inaccurate information or�tatements to Lender(or failed
<br /> to provide L.ender wiYh any material intiimiatinn�in amncrnort �t•ith tha loan e��idenced by the Note. in�ludin�.but not limited
<br /> to,representations concrrn�ng Born�w•er's occupan�� 01'clie Pm�ecty a.u prirnipal residence. If thi>Sc�:unt� [n.trument is on a
<br /> leatiehold. &�rrower ahall cumply with aIl thr pr���i,i��n� nt' cl�� Ic:i��. If' Burr��urr acyuirc. f�c utlr t�� thr Pr��rerty, the
<br /> (u�.seltold and thc fee title shall not meree unle,ti L�n�i�r a�!r�v.co the mrrgcr in���riting.
<br /> " 7.1Protection of Lender's 1Ri�Nts in the['rnrterty. II'B��rr<���rr fail.t��p�rfomi thc�u�rnanh and agr�rmentti c�,mainctii in
<br /> , �� this Security Instrument, or there i�x leg.il pr��c��J�n� that may.igniticantly affert Lendcr'. right� in thr Propen� (.urh a+a
<br /> . proceeding in bankruptcy,probatc. ti�r condemnatiun or ti�rfciture or tu enti�rce law�.ur rcgulatiun�).thrn Lender ma� J��and
<br /> ,`,,
<br /> . pay for whatever is nctiti+.ary tu prut��.t tlie�alu�of thc Pruprrt�� anS Lendcr. right> in the Praperty. I.ender'�srtiun> mu�
<br /> _�..a_ ,.1 6.. I: .hi.•6 ho. nn�uite �i�•or thi♦ Gt•untt' �i1�tNI11CDl. SDDI'1i1T13: Ifl l'OU�I. �1J)'1111! .
<br /> ._ .:.' .�.'....- � :- �....:.... ...... .�....,.� .........
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<br /> . . uw�uv� N..�...�, ....� � . �....., _ . . . .
<br /> reasonable atiornc�•.' fect+and entering un the Propert} to makr rcpair.. Althuugh Lrndcr nu� take action under thi.paragraph .
<br /> ' ' 7,l.ender does not have to da.��.
<br /> Any amounts di.bur.��i hy Lcndcr unJer thi. paragraph 7 >hall hctome additie�nal dcht uf Burn���rr .exurctl b�� thi.
<br /> Security Instrument. Untr.. &�rniuer and I.rnJer agr��c to uthrr tcrni. of payment,thrK amuunt+�hall hrar interctit fmm thc
<br /> ciate of disburxement at thc Nutr r,►te and tihall be pa}�ah(r. ���ith intrre.�, ��x�n noticc fn�m Lrndrr te� &�rn��rrr reyuc�ting
<br /> ' payment.
<br /> 8.Alortgage ltuuritrtce.If l.c.ndrr nryuired nwrtgagc in.ursncr u+a rimduiun of making thr I��an.�tiurcti b� thi,S�tiurit}
<br /> lnstrument. &�rn�wer .hull p:�}• the premium. n�yuin�d to maintain thc murtgagr imursncc in r�C�tit. If, ti�r am rca�on, thr
<br /> morigage inwr.�n��c��c�verage a�yuin�i hy l.rnd�r lap�e.��r rcati��to hr in eftaL &�m���er�hall pa� thr premm�ii>rryuiral tu
<br /> : obtain raver,�ge+ub:tuntiully eyuivalrnt tu thr mon�agr in+urarne pnviou,h in cff�tit,at a cu�t .uh.tantiall����yui�alent tu thr
<br /> , a�st to Born�wer uf the mungage insur.�n��c pre�•i��u.l} in effctit. from an alternate tnurt�.agr in.urer appro�•ed h� Lendrr. If
<br /> - ,,,�,,1.,,1 Form 3028 9�90
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