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<br /> �'. � °?��# ° _= . ' :: . �Fe�nds shatl fie ti�s�tn an ins8ituttoni whose deposiis ssne �ns�reci by�fedsra�.agency. instrusnentalidy.or eat[ty � — —
<br /> <° ,�fi ��°�;,� ' (ir�cFuslIn�I.�ndar.if t,�cfet is suc�en�nstttut�on)or ih any Feder.il Hame La�s Bank.Leade�tr shall apply the Fuads ta pay th� ' -_ -_
<br /> �`��„�,, . .6�cmw ttems.taad,�r atay�at diarg�Barrower for hoiding nnd epplying tLe F�u3ds.'mm�talty analyzi�g the s,�saow acoaunt,or = _
<br /> t,,.; F; ? ,�,��� v�ifjtit�g tha Essto�*r Items,unless Lender pays�arro�vcr interest an the i��ands and fiwbie law perrnits Lender to tnalce sach . _ =--
<br /> � .. , � ..�_ . , e c��a.Now�ver,Lead�r may r�qaire Borto�vetr to pay A or.e-tltr.e c�hacge fo�an i�epeadent rea!estate tax reporting servtce W -
<br /> �'; : .,�Y ,. . �d by 3�ader ln aonaectioa w�t� thls loan. itnIess�p�ti�abte tayv provide�aiherw�se. Un2ess an agreement �s m�ade or , ��.� z
<br />`.'''-:�� ' `• itx�61s taw mteress to be d.l.endefi shall aot Z� -
<br /> ..,,; +-+�. �: :` � .••� .'. . t��pl r�uins� Pa� re�fu3red iv pay Bor�rower any irite�est or earn�ngs on the Funds. � ,. `�° � �:,.
<br /> _ ` ' �„'(p{��.����• <��. &�mnYer and l.en+der inay agree in wriUc�.ho�vever.that ia.erest sh�il be paid on the Fu�nds. Lertder shall glye to Bor�vwer. • :+;�'�`.����� ��`�
<br /> ,�h.�^:.J:4I.i�S:':�J.iJ\„h.�.��' �'��`C�� ��1}.T ot._J-.._
<br /> � c�Y without cbarge.aa annnat acc.aunting of the Funds,shawing rr�its attd debits:ta t6e Fu�ds arui the purpos�for which each
<br /> � �' '`'�; de�it to tbe fliads was�de.'Fiie Funds are Qled�ed as additional secarity for s11 sams secure3 by t�is5ecunty Instrumen�. " :�. , . _'
<br /> -� � if the Funds hetd by Lender exaeed the ameunts permitted to Be held by applicable taiv.Lcnder.a�alt axQU�to Borrower � �
<br /> for t he exaess F u n d s in aeDO r d a nee wi t h t here� ents o f app l�c a b te law.i f t be aaaawu a f t he F u tt d s h e t d by l�e m der a t anp ` S °�-�'° k �„`°
<br /> tims is not suffccieat to pay We Fscrow Items whtten�due.E.ender may so notify Bomna�es in w7itiag,and,in sucb r.ase Borrower ���.'� .. , :: ;
<br /> _ . shall to I.e�er the amowrt W make the dPfieien Borro��er shall make. the deficie �n rto rt�ore tl�an:;:, :� ��`� �:�•.�, • <
<br /> � .:�. :' �r �► �m �r• ►►� �+' : ,,,. ,
<br />-- - � : ;:;1�� �;,:i�j. nveive mnnt�ilY PaYmenu.at Leader's soie dissretion. .� t� � . ` " , _
<br /> ,t-.1,; �'` ��F Upon PaYment in fall of all sams se�ured by t6is Secaiity Instn�me�t, l.cnder sRall promptiy refrmd to Borrower arry'� �-.' � ��_� ' ' �
<br /> ` .��:•;.:`�� , F�mds heId by L�aider.It;under pdragraPh 21..I.snder shall aoquire or seU th�Property.Lender.Qrior to the acquisition or�ale � . - .
<br /> '°,:��.: `�: nf the Progerty,�baJl appiy any Eunds held 1sy I.ender at the time of ac�quisiuon or sale as a credit against the smns secured by ... '.��,. :
<br /> ::_<.+' : �.•��i:.� ,j:, .t. (�]��^J1S(}{I�'�]�J]�[�� .i._ , '':s k �. ;
<br /> �''r.:rz :<.�.. .: �I�tYtn PaYm�ts• aPP P + PaY� Y B�$�P
<br />=i;;. ' • - .��..;;s��:�: _ �.. � a a8 Unless licable law mvides otherwise all nts received b l.ender under hs .' ' ' �
<br /> `�.; , �.��. 1 and Z sha[I Ue agpiied:fitst. to anY P�Ym�nt charges due under the Note; seooa�.W amount�payable under pasagraph Z; �.�.7 , � r
<br /> - � �-r - Ehl�d,i4's�steitce�.fnt�cth,w gri�ip�!d.ee;.aad lasc.tn aay laie chacges due ua�Cx thc Notc. -�,-� `---�-�' -'
<br /> ' 4:C�argr�s;II.feus.Sorr�wwer shall pay aU taxes.assessments.charges.fines and impositions awibutable Yo the Propeity a :y� s '�f `
<br /> ;... � `r ,, � � .�, �. :,'r
<br /> L whicb mny attaiB griority avcr t�is Scxurity Imtiament. and leasehoid payrttenu or groamd rents.if any. Bomovr�r shall pay . . ��• u `' �f�:
<br /> , a ,r��,{ , -�` Urese abtigations m U��-�pmvlded'u�paragraph 2.or if not paid in that rnanner,Barmwer shall pay titeui na[ime directJy ���;y: �`i ��f,#�F r?
<br /> �.,;; ;,;;>• �t�, , ... .- w tite geison owed pa yat e p t.�iatcower shaU pm m ptl y fumish to lxnder aIi w�ces af ac�ounts to be p a id undec du�Q a s a g r a gh. � ;<,,,���{f�s,;�.;_,�,�,.
<br /> .�� -'{`- [f E o m o e r e r m a l a�i 6 e s e�e�n�d i r e c t i y,H o m o w e r s h a l l p r a m p t l y f u r n i s h t n�.e n d e r c e r e i p t s e v i d e n c i n g t h e p a y m e a t s. - F �� �+saa
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<br /> ; - � -��`� :�;�-.:.:•_. . . .. ... ......_Bo --- � �y , ,�u;`
<br /> , , rfowe�sl�k�iro y iseharge any lien whieh has priority over tbis�Security�nsYrument�tnless Borrower.(a)aSmes-in .
<br /> ' • ' wripng to t h e pay�t�ti�o f t he ob li on secu r e d b t he lien in a mans�er . ` • _: '�:��"
<br /> gati y acc.�epta b 1e to Len der;(b)rnntests in g a o d fai t h t he liecc � ••. v .
<br /> ,.,;,� ._ ' - . � by. or defea�a�i�i� enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the. _ . : `��-�., "
<br /> . • � � �►fprcemeat of dte•'�en;or(c)secures from th�halder of the tien an ag�eemera satisfactory to Lender subordina�ng the lien to
<br /> . '..' ._. .4; ..,.' . . , , .,r.,' �, ,
<br /> . , : this Secvrity Insbument.If Lender determines that any part of the Property is subject to a lien which may atwin priority over • ��
<br /> �:."_`::`..`.". _ tbi�Sesarity dnstnsment.Lender may give Borrower a notice identifying thc lien:Bormwer sha11 sadsfy the lien or take one oi ':.. : ` ��''��
<br /> _ ' � - ivare¢6 the acaar�'set foith above within 10 d!��;s of the giving of notice. �''�'
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<br /> ,••` `- ' • '�`:,�-'� �':�:
<br /> • � � Hazact@ a�Pro Ltsnrance. Ha�v�er shall k the ira rovements notv existin or hereafter erected on the • .• •� y
<br /> ;`<`'. :� Pe*tY �P P S , ..Y..�.:s ::
<br /> ' : _ ',�,,_;:� • • • ��+insured agairut 2oss by fire. hazards iQCiaded within the term "extended cover�,e"and any,other hazards,including � ' �� ; :.�';'�;��;`�x '
<br /> . . , , - - . ,�T�. .�.�k floadi ,for which�der uires�ersu�aace.�is insurance shalt be maintai��in the amouats and for the eriads "��:`�''`�. " .' .`
<br /> ;,:.. -;•,....: :.• . �` � �t P �:•:.:..: .:...:.:^�• •
<br /> , . .. tliai;?C�e�ider requires.'il�e insuranee excner pm�-idi�ig the ursurance shall be chosen bg^(iartuwer subject to i.end��approval �;1i��`3�`��'•�.''" �. � �
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<br /> ' � . tst:tj's;iki?�Ya11 not be unreasonabfy ivithheld. If�'arr�wer tiiCs to maintain coverage dc,_c-,i7?B�d above. Lender may, ae�.eader's �������!` . �, �
<br /> ° �` �t ` • .'!:ti�• 46 c!as- e to rotect Lender's ri tn the Frv` in accordacrne witte �a�� h 7. �. , '.;; • .
<br /> � • • . T �,?�;: ta3fi �€ P � P�Y P' P � � . ;
<br /> •.•'�� r ' ...., , . .'�•��[! iasun„7ia:�scs�icies artd renewats sha�� tre accept�i[e:to I.ender?rvl;�caFi iadw�e a standard mortgage clause� Ixndee •,'.,� . : �4...,. :. '. ,, : �•�•� ;
<br /> �� .-. . . •' ' S",i�,it�1i►uk t�ie x�3iS;i�i�•�nold the policies and renewals.If Leads.�r requires,ID'a.-zimwer Sni6.promptly give ta I.ender ali�eeipts of •:-;.. ,. :� `; a?
<br /> - '��`" �d:�sri�ai�tms and�r'ene�val notices.In the event of loss,.l�oinai��r sha11 give promp�.i�iYi�a:to the insurance rarrier�sui=�.ender. • .';, . ,�:.. s ;
<br /> �-.:._�. -' - ...� � . . �� - -��:hirrv„- .- s7, •:
<br /> : . !;�itiay make pmof of loss if noi made promptly by&�i�i�y-er. ��.,� : ':�.���,. ;., : . � ; .
<br /> � �� � ���'.�ciless I.ender and Borrower othenvise aLree in wnc;�;.srisurance procxeds shail;:la:�applied to restoration or hepair of the � ��' °
<br /> ` � Pro�erty damaged,if the restoration or repair is r��sr,omicalty feasible arzd Yxader's s@sitfty is not lessened.If the restoration or ' :�`•„ .'�
<br /> . ��:�.
<br /> � �� : r�pair is not economically fcasible or Lenders;waatrii.y would be lesseae�,tfte insura;n:e,praceeds shall be applied to the sums
<br /> - •;• '�','�' ued b this SeCUri Instrument. whetl :sx n�iG'then due, with an exoess oui:tn��orrower. If Borrower a6andons the
<br /> . , :.: +�c7.. Y �Y �',.'. Y F". . �,•;i�.
<br /> . . ' .`1?t,g��-iv,or daes not answer wit�iQ 30 d�ys,�:��;i3�from Lender that the insuract�'�:sux.i�r has offered to settle a claim,then ."�:� •• : ,= .. �;._
<br /> . �;'i`•,'''� . l,tP�'�>- .
<br /> =• :r ' Hi��►ih.�may coltect the insurarz�7ei�roceeds.:t.en�.r may use the pracecds to reg�f;;�;�-.i�store [he Property ar to pay sums •;•?'s;f�c;;;;r,y�r�,.. ,:;;��f�
<br /> ., i' � �,. � �secured by this Security Instrum�tli.wiiethec+�r'inst then due.The 30�day periur��,7.i[s�i,+x�hen the notice is given. .., r�}���Y�'4T�Y%y�'i) .
<br /> . ., . . �/.1-7''. • ' j`�'�T �fi��J�i.,
<br /> ..� .:,,c. Unless Len�rr, and Borrower otherevi�'u�.e in writing:any ag (�c:�liisfi�of pr�Peds to principal shall not extend or :.'''' �.t,,. � ,�•�;
<br /> �="�}'��'• ^'• , - postRone the drre:�itt;:of the monthly paym�r.�'�s refemed to in paragr��, (.;at3 2 or.change thc amaunt of thc payments. (�"� • �: `S��'`
<br /> �;;. ;;,�� � c 1g n,sr;.
<br /> .:}• . . under paragraph�t'�.:�e Propeny is acquired by Lender.Borrower's right t�any insurrs�policies and proceeds revilti�frrar,q:_;•. '•� �,s, ' " q��r`��
<br /> � dasimge to the Property prior to the acquisition shall pass to Lxnder to the extent of th�•�r.u�s secured by this Secu �itsi�:trr.n ', ' � ,`Y� �1' �
<br /> . ., immediatety prior to the acquisition. ' � �'•" . '�����}���� r�,', .
<br /> � � � . . ' � i�.�,,. �. • ,,
<br /> . f;?,_ , . ,. •
<br /> '� 6:(Tccupancy,Preservation,Maintenance and Protect�oet of the Property;Borrower's Loan Appliqtion;g.easetcolds. i. ; ,,:'r;:
<br /> �.
<br /> •- • ,:;�;t;;;;�.,;;1 Borrower shall occupy.establish,and use the Properry ac Borrower s principat recidence within sixty days after the execution of ,�,,��, , ?�.: .{�;,;�,
<br /> '� . .�,?y��� this 5ecurity Instrument and shall continne to occupy the Propeny ac Borrower's principal residence for at lea:ct one year a.fter. � , •t;�.• •: . �::" • a .;�;i°
<br /> • � .�::�;'�•:,' ;�.;,`•.�;:,.'��;�,,���;:�;..:•' the date ofoccu an �,'*•:`�'
<br /> ..�;;t.. p cy.untess�;.�nder mherwitie agrees in w�ir,'rng, which consent shaU not be unreasonably �vithheld,or unless . ,,,y,,�,;t�k�� .�• . � .� �
<br /> • � ,�_;=,;�+,i�'t�t '. � extiah►q�lin circumstances e�ei'sY.iFhich are be ond Bo.maivu=� cantrol. Barrawer shall not de�tra , dama e QE im air the �t,��•'�:%`�j"� .
<br /> ; � . g Y Y s P ti;�,i4"'i�'�' ,
<br /> • t ,��kl��: Phj}ii�rtyy allow the Propetty tr�deteriorate.or commit w;iste pn the Property. Borro�cer shall be in default if any forfeitute ��/�,'•�''%;� ' • �
<br /> ��t � . . e:�{- Itt�,�oY�`,,.... .
<br /> _ r :,. aqfbn�ir proceeding.�vhgthet'�ivil or cciminal,is beeun di�t in Lender's good faith judgment cauld result in fosfeiture.of the • �.,-.'�n�s{-.
<br /> t : . � , � PrciphiYy dr�th�r.wir�e materially impair the lien created by this Securit}�ftt:,tcumem or Lender's�ecutity interest. Bc�rrower may . . : �• �
<br /> • , rure such a defaalt:i�bid reinstate,a�provided in paragraph 18.by causing the zction ar proeeeding to be dismissed with a cutin�. ..° �'��•� fi;:'', ,
<br /> `'. � '• that, 'in Lender's good faith deictmination, prec(udcs fosfeiture of the I3orrower's interest in the Prap:rty ar oth�:r.n�ateriab ':�;',-: ," ,�.��;,,,
<br /> ' o-� � ' impnirnicnt of the lien creat�xi by this Security (nstrument or Lertdcr's security intrr�st. BoROw•er shall also he in�clief;3uli f1-." � � '%��•*`'4"`'s.
<br /> - ' J • � • Ba�rn�ver,during the loan appliu�li�in process,gati�e materially t'atse or inaccurate inf��nniition or statement�to Lender•(�sr►�i11�1•:� 4"'`f�tl;�{'.�„
<br /> " � ': - to provide l.ender with any nu�tcti�il infom�tion�in conn�ction w•ith tbe I��an e��idenc�i by�the Vote,+ncluding,huc��at timiteJ : �� '- ��+�'�'
<br /> ' M,re resentations concemm Barmacr's nrcu anr��if tl�c Pn� ert `�`
<br /> • p g p ) p Y rs a principal residcnce.lf this Security[nurument is��n a
<br /> �. , leasehald. Borrower shall comply with ull.the pmvisions of thc lc�a�e. If�rro�ver arquires 1'cc title to the Pn�perty, thc ' � '•
<br /> ,-; . leasehofd and the fee title shatl nnt mtrge untesti l.ender agrecs to the mergcr in writing. '. i`:''-�': '
<br /> ; . , . 7.Protection o!Lender's Rigltts ln the Property.(f'�orr����er failti tn prrfurn�the cove�ants and agreements containecf in '
<br /> • %� . . this Security Instrument,or there is a lega!pruceeding thst�nay si�niti�antiy uf'fect L.cnder's tights in the Praperty (�uch ac a
<br /> ' ' proceeding in bankn�ptcy.pratr,�te.for condemnation or fodcitun:or lo c��ti�rce lawt or rcgulations�, thcn Lendcr may dn and " ` '
<br />`+�j� ''` � Qay for whatever is nereccary to protect the value of the Pu�perty uud l.�nder'�righ»in the Prupeny. Lender's:ictions may . �
<br />--:3�;��" `� ' mclade paying any wms secureA by a licn �vhich hav priority over ihis 5ecurity Insirument, appearing in murt. paying �
<br />-?`'��Y; �i . ,�;;a,' reasonabte attomeys'fees and entering an the Prnperty to mdce tepairs. At�hnur6 I.ender may t•rke action under this paragraph ' .
<br /> . ',,� .;. . ,� `' .`: . 7.L.endet does not havc to da w.
<br /> , •; . ..�.:�.�,,,.;.,.,.,y�.. Any amounts disbuned t+y Lender under thi� paragraph 7 �hali become additiunal det►t o4' Bornncer recureJ hy Ihi� � • .
<br /> �•� � !;!; ���';`;'r'ar�r�, Securi Inctwnent. Unless Borm�ti•er and Lender a rcr t��nthcr terms of � ment.the�e amounis shall brar intcrc�t froni Ihe
<br /> . "c`•��•:''���,,, •:':;:;,�.`.• date af disbursement at the N��te rate and shall bc payablc. witb inter��tr up��n nuticc frum l.endcr tu Bunoa•cr reyue+tiu� �•
<br /> • � s�'. ;,,,,,�,:;,,�,-,`: � a ment.
<br /> ;` • ' � p y 8.111ortgsige iasurauce.If Lender reyuired.m��rtgage insurance a+a condition af mtkiag the loac:snured hy this Se�urity �
<br /> � i; , Inswment. Botrower shall pay the premiums.reyuirea to maintain thc niurlgage i�c�urare:c in rffcrt. if. for any rp.+nn, the. ;
<br /> s .'� mortgage insurance rnverage nyuired by i.ender la,qstti��r ccase�w t►e in effect.Bntrm�•er�hall pay�he preniiums rcyuin�l tu � �
<br /> �� • __._. obtain coverage substantially ec�uivalent w the mnrtEaec incuranir�+revi�u�ty in effi�ct.at a rnst substant'sally et��valeea te�the ` � � �
<br /> _. _. ._
<br /> �4� cast to•Borrower of the mart�ge insurance previously in effect, from an altemate matigage in�urer appro�•ed b}• l,ender. If
<br /> ; ;�. . . . • i • .
<br /> � . �
<br /> � ';� _ v,,�n a u�e form 30I8 9�90 � .
<br /> ; ; . � ��. • ,
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