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<br /> . The Funds shuU be heid in un institutian �vhose depositti nre insurai by c� federal ugency. in�trumcnta ity. or entity • ..,„��,<%
<br /> (including i.ender,if L.ender Is such an insdtution)or in uny Fatcrnl Hi�me I.��an Bunk.l.ender shall upply dic Funds to pny the 4,:. :..�K,,.�f_:
<br /> � � Bscrow Items.L.encler may noc chnr�e Barrawer fnr holding und upplying the Funds,unnuaity anuiyzing the ewruw uccount,nr .,;,�;.,W_j„_��___.
<br /> verlfying the Fa:crow Items,untess L.ender pay�Hnrmwer interc�t un th�Fw�da und uppficnbic taw�n:rn�itq l.ender t��mnkc su�h - .
<br /> � ' u chnrse.Hawcver. Lender msyrcquire Borr�iwer to puy u�mc-time churgc fi�r an inde�xrtdent mut e.rwte twc rcpurting scrvlce , ",5�°i.-�--
<br /> � � ' � used by I.ender in connettion with this Icwn, unless upplicuble la�v pmvidec othenvi+e. Unlc�s an i►gnement is muc�e a�r ,��,�•`
<br /> ! appliruble law requires imerest to bc paid, I.ender shall not bc mquired ta pay Bnrmwcr uny intcrc�t or ciuniog�un the Funcls. �, • _
<br /> '�`.%` Barrower und l.ender muy ugree in wrlting,hc�wever,thut interest shall tm paid on the Fund+. I.cnder�hull givc to Bor.^narr. -,
<br /> withaut charge. un nnnual acmunting of the Funds, showing creditc;und debits tu the Futtd�und the puryuse fi�r which each , � . ,
<br /> dehit to the Funds wati made.The Funds ure pledg�xi us udditianul security for All�ums secur�tii by this Securlty Instrument. � •
<br /> . � If'the Funds held by Lender ezceed the umounts permittvd to be held by uppiicuble iuw. l.ende�+huU urcuunt tu Surruu�cr
<br /> ' ' for thc excess Funds in accordar►ce with thc cequirements�f applirable Inw. If tlic�unount of the Fundc hcld by l.endcr at uny
<br /> time is not sufficient to the E.urwv Items when due.Lender may s��noiify Barn►�ver{n writing. and, in�:uch cass&�rn�wer �-:--.�•,.-.-:' :'_.,:-_-�"'
<br /> . shall pay to Lender the�mount necessu� ta make up the deficiency. Born�wer shnll make up the deficiency M no more thun . .
<br /> twelve monthly payments,ut Lendcr's sale discretton.
<br /> Upon payment in full of all surns secumd by this Security Instrument, Lender shull pmmptly refund to Bnrrower any .
<br /> Funds heid by I.ender.If,underparaFraph 21.Lender shall ucquim or sett the Pmperty.I.ender,Prior to the ucquisition or wle
<br /> of the Property. Shall upply any Funds held by I.ender at the ti�ne af acquisition or snte as a cralu uguinst the sums sccui�ed by
<br /> this Security InstNment.
<br /> 3.A��licatfon�f Payments.Unless uppticuble law pmvides othcrwi.e,all puyments receivcd by I.cnder under puragraphs ,
<br /> 1 and 2 shail lse applied: first, to amy prepnyment churges due urtder the Wote;��td,to anzounts payable under purugruph 2;
<br /> thcrd,ta intercst due; faucth,to princ�pal due;and la�t,to uny late charges due urtder the Naee.
<br /> 4.Churl;es;Uens, Bam�wer shall pay all taxc,�.,assessments, churges, fines:u�d impositionti attri4�utaQ+lc to thc Property
<br /> which may attain priority aver this Security Instrument, und lea+ehoid pay�nents or gruuttd rents, if any. 1Borrower shall pay .. •
<br /> these obligutions in►he murmcr pro�ided in para��aph 2,or if not psid in that manrter.&�rmwer�haU p:�y them un time directl�� .
<br /> • to the penon owed payment.Burrower shall pmmptly furnish to I.ender all notices of amounus to be paid under this parugrapt�. �:.:`�,,. �. .
<br /> • If Borrower makes these paymeats dimctly,Borrower shall promptly furnish to Lender receipts evidencin�z the payments.
<br /> � Borrower shaH promptly discharge any lien which ha.prio��ry over this 5ecurity lnstrument u�less�ormwer:(al agr�eeti in +
<br /> � writin�to the payment i�f the obligation secured by the lien in a manner accepqable to Lender: (b)cuntests in gaxi faith the lien
<br /> by,or defends against enforcement of the lien in, legal pnxreedings which m the L.ender'a opinion uperate to prevent the ; .
<br /> enforcement of the lien:or Ic) secures from the holder of the lien an agreement satisfactory tu Le�der suboniinating the Fien to ,
<br /> , thus Secvrity Instrument. If l.ender determines that any part of the Property is subject to a lien which may attain pri�uety ��ver ,. , ,,
<br /> thns Security Instrument, L.ender may give Borrower a notirr identifying thc lien. Bormwer shall satisfy ihe lien or tut�r r�+:or �,
<br /> �� mare of the actions set fonh above within 10 days of the giving of notice. �" .�-!%""'
<br /> 5. Hazard or Property Insurance. Bonower shall keep the improvements now exiating or hema4'tcr crected an thr ..•r:�y�
<br /> Property insured aguinst loss by fire.hazards included within the term "extended coverage" and any uther hazands, including �;�t�,�;,-•,;•_ •.�
<br /> " floods or flooding,for which Lender�equires insurance. This inxurance shall be maintuined "an the amounts and for the periods �� .,'"'�S�i�'%`�:�'�.'.
<br /> �•_.
<br /> �'i.,;��.4>:`: .�Ib% .�
<br /> -_-- _ - i:a;L.;,:�cr rc�uires. The insuz�.^.ce��-*ryer�+mvidi�r the insuru�xe shaU bc chosen by �orrower subject to l.cnder's appmval _ _���
<br /> �.
<br /> wl�ich shall not be�unreasonably w�nshheld. If Borrower fails to maintain coverage described al+uve. Lender may, at LenJrr'+ • , ..� ,.
<br /> option,obtain coverage to protect Lender's rights in the Property in accardanc�with paragraph 7. :
<br /> All insurance pnlicies and renewals shall be aeceptable to Lender und shall include a standard mortgage cluuse. i.ender �� R
<br /> <; .' ; :
<br /> �`�:";;.. shall have the cight to hold the policies and renewals.If Lender requires, Bonower tihall promptly€ive to Lender ail mceipts nf ; �
<br /> � '`;;•"s•''�. paid pre�aevms and renewal noticex. !n the event af loss, &�rrow�r,hall ive mm t notice to the insurance carrier and Lender. f
<br /> € P P - c-^ ,.1
<br /> '"s;;;t�4: Lender may make proof of loxt if nol made pmmptly by Bottaacr. � � ���i
<br /> Unlrss Lender and Borrower otherwise agree in writing,inau�ance pmeeecis shall be applied to restoratian or mprus,�f ahe , �r;�
<br /> .e
<br /> Property damaged,if the restoration or repair is economicully feasible and L.enJer's security is not lessened. if the restorat�nn or • � ;%.!, i
<br /> lr. ;°�s;,
<br /> repair is not economically feasible or L.ender'ti+ecuriry woulJ be leateneci.the insurance proccedti tihall be upplicx!to the sums ; ,.�
<br /> secured by this Security Instrument, whether ctt not then dur, with any exrc+ti paid tu Bnrrower. If' &�rrowcr abandom the ` ,� `
<br /> Propeny, ordoes not answer within?0 days a notirr frum Ler.der thut thr in�uruncr carricr ha+offered te> >ettic:�claim,then
<br /> •�;
<br /> Lender rnay collect the insurance prurec�l�. Lender ntay ux thz prcxeccis to repair or re,torc the Property ett t�� pay sums , /�
<br /> secured by this Se�,�uriry Instrurnent, ��•hcther or not thcn duc. The 30-day peri�xi will begin when the noticc ix given. ,.��-. .
<br /> Unless Lr_nder and Burrowcr otherwise agree in writing. any :�ppliration of pr�xccci�to principal �hall not extend <�r •�-'�
<br /> postpone the due date of the rmmthly paymentti refencd to in paragrapBs 1 a�d 2 or changc the amount u!the payment�. If I
<br /> . under pnragraph 2I the Property is acquired by Lender, Borrower's right to aa� in.urance pulicies ancl pr�xa�i+rcsulting(rc�m
<br /> ' �',"•%�•-, damage ta the Property prior tc>the acqu�xition sh�ll pa�s tu Lru.icr to the extcm��f the+um�tiecured by thi�Scrurity Imtrument
<br /> � •�` irnmediately prior to the acyuisitiur. I .
<br /> , 6.Occupancy.Preservation, 1laintenance and!'rote�tiur���A'ihe Property; &►rrmver's l.uan Applicution;Leasc�nld+. '
<br /> Borrower shall ckcupy.e+tablish,und u�r thc Propert} �,&�rr�����er'+{�rinripul rc�i�:enrc within.ixty Jay�af'ter thc rxeru�i�m of I
<br /> this Security lnstrume�tt anJ tihall continue ta��aupy thc Prupehy a. &�rro���r'� prinripal residence ti�r at Ieatit one ye:�r after ;
<br /> the date of ac:cupancy, unless i.cnder otherw•ise:�grc��in writing. which roment �hall n�ri Ne unrca+unahl� withhcld,or unlc�ti �
<br /> ���' ? exrenuating circum+tances exist �vhirh are bey�md Burrowrr'ti re�ntr<il. Barrowcr �hall ncn Jcruuy, dama�c ��r impair thc
<br /> ._ ...•t;� � ` '� Propeny, allow thr Propeny to deteriurate, or cummii wa.t. on tlx Pn�pertc. Borruw�er ,'hall hc in default if am ti�r(eiturr �
<br /> � ���•� �''���: action or praceeding, whether civit ar rrimin.il, i� hegun tliat in Lrnder'.gcwJ fuith judgr.i.m r��uld rewlt in fiirfriture uf thc �
<br /> . '��'�"�"'',�' Propeny orotherwise matcrially impair the lie�cre�tcd b� this Security Intitrunxnt ur fAti�irr'.ururity intcrc�t. Bc�rn�wcrmay _
<br /> cure�uch a default und reinstate.x�pmvid�Yi in paragraph 1 A,hy cau�ing[he a.tion or pru�rcding t<�hr di+mi.,eJ with a rul iu� _
<br /> •,y.���., ' that. in L.cnder'� gcx�d faith eietcrniination, prerluJe� fi�rfciturc��f'the Bi�rro�ter'� �nter��t in thc Prope�rt3� ur uthcr material �
<br /> ',� irnpairment oT the licn rreat�d b� �hi. Security In.trument or LenJer'� srrunty intcrr.t. 3i��rm��•rr�hall altiu hr in d�fault it�
<br /> .,,��i�. ;. Borcowcr,during thc lc�an apphtati.,n pr�xcti�. �a�r matrriall� t:�l.���r ina�curut� inli,rma�inr.,�r.tatcmcnt�t�,IxnJ�c��,r f�ilcd �
<br /> "�`�•' tci pro��idc Lcndcr w ith an}mat�rial mf�,nnati�m►in runnrrtiar. «:::th�I„an ccidcncrd M t h�N��t�.inrludinE. hut rn�i [�mitrd , ;
<br /> to.repre�entation�roncer�ung &�rce,urr'.urcupan�y c�l thr Propert}u�.i pein.•ipal re,iden�r. If thi�Securit� ln�wmcnt �•un a ,
<br /> Ic:a�ehi,ld. &mt�w'CI' tih:tll �ompl� allh all titr �n�vi�l�m� i�f �hC ICa�C �5� B:�nut�Cf acyu�rc+ 1t� 1�*.lc' �u lhc F'r���xrt�. Ih< <,
<br /> lea�ehold e�xi the ti�:titl�.hal l iwt mergr unl�..L�ndcr agrce�tu the mrrger m writing. ..
<br /> ' 7.Protection of I.ender's Bi;ahtti in the�rop�ert��.lf B��ttower fail�to perform the cuvenentti and a�.:reement��ontaitxtil in -
<br /> ' `•'''' � this Security Instrument, ur t6�erc i�a legal prekeeciing that iva} �igniticantl�•affert Lcn�lcc'+right.in the Pro}xm i�urh s+a •
<br /> ;'.'�.`�• . :••.
<br /> ,r.,,,. ,, ptoceeding in bankruptcy.pr��bate, for rondemnatiun ur ti�rfriture or tci entittcr laa�ur r�LUfatiun+�. thcn (Andrr rna} du and
<br /> , � :;�.�,�•�;. , pay for whatever i. nece�wry tu prutert the �alue cif the Propen� and Ixnd�r's right��n the Pn�pert}. IxnSrr'� acu��m rna�
<br /> '�,I,",,t c include paying any .am.�ccurcd hJ a I�rn uh�rh ha. prianq• o�•er thn Srcurit) Imtrumrnt. ep�annr cn �����n. ��y��,�
<br /> �,t:.,'.�,: .,,,u„., • c...,. ,�.� ,.��...cn�.�n thr Prntx•nv �o m:ikr rrna�r�. Althc,ut;h L.en�cr may takr.�r�um under�h�.p�ragraph
<br /> • :��, � . _ �._•^ ... ii:;:.".��'• .__.._.- -�----...� . ... ._ , . .
<br /> ; ', T.l.etxler doeti nol have t��d�� w
<br /> Any amuunts di�burud h} L�ndcr under thiti pars�raph 7 .hall tx::um� additional dcM ��f &�rruu�r ururul h� thi�
<br /> Security Instrument. Unit..E�nrruucr and [.ender agrcr tn unc�r term.of pa)mrnt. thek amnunt�.h,�ll hrar mtcrca trum thr
<br /> . date of disbunerr�nt at the �iutc ratr and .hall hc pa�ahl�. wlh mtrrt.t, upun nuUr� frum LcnJrr n� B�un»�rr rcyuc�un�
<br /> • payment.
<br /> 8.Mortgage➢nsc�rartce_ If[.cnd�r reyuin.�i mort�agc in.urancc a�a r�mditi�»i��f making thr luan tic�urcd h} th�� krunt�
<br /> Instrument. &irruwer tihall pa� the premium� reyuircd tu maintuin thr m��rtgage imurancr�u rttrrt. It. ti�r am r�:i.un. thr
<br /> rnortgagc in.urance a�vcragc rcyuirnl b� [.�nJrr lap+r�or cratic. ta 1x in rttit•t. Ei�,rru��cr ,h:dl pa� thr prrmium. rcy�urJ t��
<br /> obtain covcragc sub�tant+ally cyui�•alcnt tu[hr mungagr in,ura►xc pre�i„u�l� �n�ttrrt.at a��„t whtitanU:►II� cyut�alrnt tu thr
<br /> c;ost to Bormarr of thc rn��rtgagc in.urarxr pre��ou�ly in rffcct, frum an altcrt�alr nu�rt�;ugr mwrcr appm�rd h� LrnJrr U
<br /> ' Pw�r,,,� Fotm 3028 9�90
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