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<br /> _-;�Fcr��t�in up ie�ssttusion whase d �t� are iasi�red. �federal a . . .
<br /> � � �l' S�y. i9�at�errta�ity. af�e8te�-�� - -- -
<br /> - - ` (i����t.i�Lc�.der Is suc#�t�a instituil�tnl os in any Fedt►r►r111 Homs Loan���.ender s�tall npgly the Fands.toy�ay�
<br /> -�-- --__ ���°:I:�s..Lefnder nrqy not�iu�rge�ma��er far halding c�d appiying th�Fu�cis:annually.un�YzinB etze escrnw urcaunl.ar�. :.
<br /> = - ����i���e F����I�ats.unlesg L�dor p�ys Bon��ver int�rest on the Fuiids a�d uypL'cabte!aw permits L`ender ta mzfte sucb. ' � .
<br /> . _ � e��.Hosr•�er,:�enLtter aiay, t#o�ve"r io-pay a��t���`��far es iudepeu4�nt r��aae ss�rs'snQ��° - --- ---_�_..�,. -
<br /> - r»sa�{•�►y'�r ie�;�st�tcecdom �ri�s daan..antess uppltcable,law.pt�nv�des o�her�vis�e. �,Jmtess'ac�,'�gree�nt is made ar ' �
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<br /> - _ �1e'+�,q%i�p�'�i3�r�.ii;�s i�►Er�.st to be pa#d..Lead�r shall a0t b�required cb pay BonoWer any inte�est oF e3n►�P�on tlie Fuin�is.
<br /> Yr:;" E�.'�z►nirr�nd I�mt►Y a8ree in wriun�>hov,rever: th�inserest sHa11 be pa�td on the Fands. l�eader shall give to gorrower. -
<br /> ;�'�'�,,:, . c��sa]c8ia�t.am�tenat a000untimg of the.Fiands.shawing credits�und debits to the�uads aa�1he purpose.for cvhic6 each. ` e =----
<br /> �,�<�_-�,_.. d,r�'ay7�at'��ar,ds�ffinde.Tt�e Funds sie ptedged�s addit�onal.se�urity foz ali sums sscured by @sis Security Insuumen� �
<br /> �r.,,���° If tl�:Fmm�s P��;t By L endsr'exceed the amo�sats perinirted to be held by applicuble law,t�nder shall rscalu►t to Barmwer ���. -
<br /> f-��xic���;'�rtc�uordance�t1t th�re�viTemQat�of�pllcabfe l�w.�f the mm�uat�af the Fuads held by�e�r at any. . �r" _ _ _._
<br /> � � x -_
<br /> � ti�.ii Aoz svffet���o paY the Fscrow It�ms when due.Lender ma}r so ceutify Borrower in writing.eid.in such case BarrQw2e � �`
<br /> �'i.;{ f� '�: s1�Yp�to Le�der tbe aanm�t uecessary ta mak�aP the defisieacy.�orrqwer s1�all make�p the d$fc�ency in no more ihan ,• � ---_.
<br /> �'��' � %�4 :: t�e��.m�inty p�yitr�s.ai Lender's sole d�ion. • �,,;�� -� ---
<br /> -,-� Upc.D PoY��t�a full of a11 sums secured by this Securiry iust�umeat. Leteder shall prompdy t+�fnna to Bosruwer any < � �
<br /> �,;:•,._ Y::��,�° �hr�d by Leedea�:,If,uader pa�raph 21,Len�3er shail scquire o�s�li t�e Propetty.Lende�.Prior to the aa�uisivan or sate ,� --_
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<br /> a�qntye p.iopetty.st�alll':�sply sny Funds hetd by Le�der at the time of acquisition or sale ag a credit a�i�nst the sum;c seca�d by � _ ____-
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<br /> ��- ` 3.A p g l ira t i�a$�P a y m ffi f s.U n less ayp}i c a b l�taw pmvi d e s o W e r w i s e,a i l p a y m e n t 5 received b y Lender under para g r a phs R„�� A _--------
<br /> � a��`,�. ,'"-� l:2aid�2 aball�ap,pli�d:first,w anY P�PaYm��*Ses dae under the Note•seoond�w amGwus paYable under paragraph Z; �.--� ,,F- -
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<br /> 't'tiinii.tP int�dae�So�arth.w prias:ipal due;awd?att.to any late charges due under the Note. s � _� __
<br /> ��,';��'F-'��` , .� : �4.C�a�gts;Li�.Borrower shall pay alI taices,assessments.chargCs. fuies sud impnsitions attnT�utabte tc�tt�e PropeitY Y T __ ---
<br /> ��r : , .:� �ifia��may ast2in pr7�rity over this��urity InsmimPnt.and teasehold payments or g�und rents.if auy.Borroa+rer�sball gay � —
<br /> tLts�obligations i�s tfl�manner pmvided in patagFaPh 2,or if not paid in that manner.Borrawer sliall pay t6em o�tiwae directJy � �_ -
<br /> ta#ti+e p�xQn owe�p��Barmwer shall prompdy fivmish to�nder all notices of amounts to be paid under tbis parag?'aph. .
<br /> {' �'��' IP;BOizowr�r neaSces tf. PaYatents d'i�ctty,BorraWes shati prompt�y famisG to Lender reoeipts evideacing the PaY��- _ =-
<br /> - , : . Barmsvet shall . mpt1Y ducha�ge any lien airich has griority ove�t this Security Insvumeai natess Borrower:(aD a�s i -
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<br /> .. �.::,°.�-�'.x... " -.------•'�mt!ng ta the _ of the obllgation secaned by the lien ina manner aoo�stable to L�end�er:(b?watests ia good fait�t�e� •. . - - ---- -
<br /> �` •: �►}c;m d�fe��s agaii�at en�rcerneni o�the-lien in;tegat-p7�ac�li�whic6�in�the-L-ender'S-vpiniaa-operat�-to preveut-�:------�--- ` '.� —_
<br /> `'i` s�a�of t�li�;or(c)secures frou�the holder of the lien an agieement satisfacxory to Leader su6orduiat�ng the li�t� �.r _
<br />� � � this'S�ritY Ins�.If Lender detetmines that auy part of the Property is subject to a lien which may attain prinritY.o� - —
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<br /> ,. �,�tyr Insuum��.Lender may give Barrower a notice identifying the lien.Borrower sh�ll satisfy,the lien or take one or �
<br /> z I ;., w -,;. ��eaf ti�acQiu�ts&��stL ahave witWa 10 days of the giving of nnuce. - - - _
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<br /> _ .5�Ha�aY+d or.;,�toperty-iasutaaae:IIorrower s5al1-keep the-impmvemenis now cxisting.or._hereafter�erect� an.the'_._ _ ..._ ; �f,�
<br /> p,ra�eriy iaseued as�nst ios�by fire,6ar.a�s i�ctuded within the term "extended coverage" and any other 8aza�+ds,iacludiag E � �- . -
<br /> • i�b o d,s a r f t o o d b�t g,f o r w b i c h I x n d e r�'�s a*sarance.This insurance shall 6e maintained in the a�auats and for the periads , ;
<br /> ' a�The insu�^�e ct�ri��viding the insurance shall be chosen by Borrower.su6ject to Lender's approvat � �• -
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<br /> ��•�� ,• vi�SC3�.:S�aI)sco!Ix�?nre�aso�abiy�heTd.�If 8orrnwer fa►�s w maintain rove�ge desciibed above. Lender may,at Lender's -- -- _
<br /> i7' i � opt�ot�;�stain cuve�ge to prote��.ender's rights in the Pm�erty in accoraance with patagRaph 7. -�� ��
<br /> � � r: - �;;•;F�11 ensur^amx�inlicies and ieuewals shall be acceptabie_to I.ender and shall include a standard�ortgage clause. Lender �y: .
<br /> ,,,�,,4;`.,::;'::: skoall have th�E ri�td hold the palicies and r�rewals:If l.ender mquihes,Borrower shall pro�tly giti-e cfl I.ender all receipu of
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<br /> p�e�pi¢miums and qenewal norices.In the eveat of loss.Borrower shall pve prompt notice to the�n5ucance carrier and Ixnd�r. ' �,; .
<br /> D.e�►�tr may make p�aof of loss if not made promptly by Borrower. ��� ' ,
<br /> ' ,.� .. - - Uitl'�ss Lemd�r.and Borro�ser otherwise agrex in writing.insurance proceeds shall be applied w restoration ar ctp�i�of the _ .. �'<,�% -
<br />, lpmperiy damaged„if the restorr.�an or repair is economically feasible and I.ender's securiry�s not lessened.If tke�qt',-#ahon or �` .
<br />,,�:�, •� re�'v is noi eeo�o�nically feasible or Lender's security would be tessened,the insurance proceeds shall be applied�i�ihe sums . _ � . ._
<br /> , � yeaued by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Bortower abandons the �� j �:f
<br /> �� , , .. pto�erty,or does dot answer within 30 days a notice from Lender that the insarance carrier has offenA to settle a claim.then � �� •-
<br /> . 1,tr�Ur m3y coltact the insurance proceeds. Lender may use the pmceeds ta�rspair or restore the Propercy or'to pay sums t i's�'p�
<br /> • " �efutcd�y this SrCUrity Instrument.whether or not then due.The 3Uday period will begin when the notice�s givee<<• . ,��!'�'
<br />�-�'�a-;,.,.;. ... •::.Ut►Jes.s l,�mi�er and Borrower otherwise agree in writing, any application of praceeds to principal stiall �e.u=�.stend or ,. '���.`�
<br /> r„ 1I' : pos[�ppae.the dut date of the monthly payments referred to in paragraphs 1 suid 2 or change the amount of ttr���*_�eats. �f , ' 4�
<br /> 1Ii 'r� ur,�yr p,azagrzgfi�.2t the Property is acquued by Lender.Borrower's right to any insurance policies��ssa�ds r�sutting from . � ,�� -
<br />.;�";.'•.: .. . . :r�+ da�.^na$e to the P�v�nerty Prior to the acqu�s►w:�r��;all pacs ta I.ender to the��c'ent of the sums secured�w.r.1�s Se�curity Instrume� . f�!� , � �'`
<br /> ,� . . _.:�, '� i. t 'ortothea uisition. � �"� , ��� -
<br /> �te Y Pn: al ' �s -
<br /> �; .�. 6.Oac�pancy,preservatton,Mainten�a�and Pret�sion of the Property;BQrrower's Loan AppSication;I:easeholds. ' . . :. +f �
<br /> ` '' � Ec,m4w�r sha11 orcupy._establish,and use the�roperry ss l�ar�wer's principal residerse within sixty days after tYe�.'�c�ution of . � •- ,�,,.,,;,___
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<br /> �:,;y,,,J;�,. - .. .•i:�., "�;.''; .' �.�fi;�curity Ic►s3rument and shall continue us orcupy tke i�n�:rty as Bcnower s principal residence for at least a�e year after '-'� ,- �?s=:;- _`-
<br /> ��` 't`t�:daie of occup�.^.cy.unless Lender ather�w,.:�.:�agrees in��r:ting.w;��r.'�3:�sent shall not be unreasonably withheld.or unl�ss _, �yi ' °`
<br /> ++���,; �'''' S''�"'�° ex4:r.s�ing circu�stances exist which ar� i.-+�,ond Borrower s contr�'.'13orrower shall not destroy. damage ar impair the . .. . � _
<br /> f t�I��;�..'r�s�= `}J�\;�' , , —
<br /> �+� �,.; j ;,i.;�;.,•, Fpo�xty,altow the PropeRy to deterioratc:or wmmit waste on the{3t�c±�erty. Borrower shall be in default�f�any forFeiture
<br />���:;(,. �•:?i�.�`'`:•�' actfon op p�oeCCding.wheiher civif or eriminal,is begun that in l.ende'r's�ood faith';c.�gment could resutt in feY,`�iture of the � ��;
<br /> °•",''''�;����`}�t�;�?:`'?;;.,: ptto�+erty o:oilefnv�se material[,,�mpair the tien created by this Security I�.c[rume:�c.r-�.ti�nder's security interest.1���-ower may % ���_
<br /> " �!,�i'�. r ,f a��,�P�' e�re sucP��dxtanit and reinss�:.as pravided in paragcaph 18.by caustr•.5 tY:e acticr.;c:pr�eeect:ng to be dismisse�,a?;:h a ruling �� :��.
<br />, .b �i.` .�, n`a��)l
<br /> :f.���,y.;,,.�i.:!-.:,;•M1�.t•,. tt�.�A,in Letoc�t's good faith �etermination, preeiudes forfeiture of t!t•.C;unower's interest in clte Choperty os ct!;.r material . ;,�7:. �
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<br />`�"?+•:��:�- �' "�-.!•,�� irq�aism�.mt of tfr,�.tien created by this Security instrument or Lender's:�urity interest. Borraue.�isi�il al�o i�e in default iC , ,,,,f;;;�.; ��
<br />-''�'�`''` -`" �-�' �° B4�co��er,dr�n,r�tite toan a ^iiqtion rocess, ave materiall false ar ieu�:urate mformation or cts:e:ients to t.rrles(or failed� ^��;�:�:f'
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<br />,::�`�N>�'.''' �' to�vcde l,tsw�t with any marerial information)in rnnnection with ttz l�an evidencr�c!by the Note,iqcludin�.Uae�::oi limited i '�•..yy,n<<�
<br />:;;:j,�s�,:,, `; " ta;.t�resen'.ztions wncemin;I�irrower's occupancy of the P,ropeny as a principa!res�+�:�-nce.If this Security Ia:r.r;:r-�ent is on a i . :,'�'rtf.}��;;;
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<br /> dWwelioid,. �trower shall camply with.a�t the provisien,.ti cf the Ira�e. Yf Borrok�r,�,:yuires fee tit.c to tF:e �?,�,eny, the
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<br /> �;�!;�%�� f���• I�o'�a�*ed'tlte fee titte shall not merge unl'c-�s Lender�r�.;s to the mu�sr in writina. '. '. ' . , • ' ��'
<br /> s`�,,s;,`,;,'•;.,::..:':.'';?y�i; ?.Fialediasa of Lender's Righfs ira i�ti�l�mperty.l�E3orrOwer.Fs�:fs r•�perform the covenaritc;3;r,�:;t;�.;;.�ments contained.iu ,�,';,.<<;'�,`tt'�,;i
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<br /> � �•:i.<'�'�• t�s 5ecurii�lnstrument,or there is a legal Fraccedi4 ti•,,:;:may si�iti��ntly affect Lender's ri�1-.t�t�:c:ze Property(such as a �,.f:,r•..; ,
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<br />_;�)�,;z;- .,' proce0ding in bankruptcy.proL•rse. for condemnation or 6a►-!'�iture or to'enforce laws or regulations),then l�r,�r may do and , ;1�..
<br /> s ;�¢r�t*: y f�or�t�tever is n�essar�.us protect the vatue of drr C�h?�erty and�.ender's righi:�{.�the Property. Len�`�-.�tions maY
<br />�- $t � '. i.��tc1��3e paying any sums secured by a lien which has �xv:.rity over this Secarity fr�strument, appearing frt u.czt. paying � �
<br /> �'�� r,l�y::. � ..
<br />„ • . - „:s�;._�r rea3on�bfe attomeys'fees and entering on the Property to make rep�ir�.:?lthougl►Lender may take action undet�i::s paragraph
<br /> , ...- 7.LeOder d�aes no!have to do so. ''�• •
<br />�• ',��,;•. :�y�'.i;�=•: Amy azr�ounts disbursed by l.ender under this paragraph 7 sh�i: 'become additional debt of Sorrower s�-a:� by thiy• � ,
<br /> ° ; Secu�i4y lttstrument. Unless Bonower and i.ender agree to other tertns of paymenf, these amounts shall bear ir�,��:�`.frum.the "�
<br />,� ���'' `''�`�'��� �' d�t�o�d'u6urserrtent at the Note rate and shall 6e payable. wilh interest. upoq notice from Lender to Borro��.�r requesting
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<br />��' � • •��•���,S��r'��..�'• �, 8 A�ortgage Iasurence.if Lender required mortgage insurance as a condition of making the loan secured by this Security ..
<br /> , ', [,�tnc�aea�, Borrower shall pay the premiurt�s required ta maintain the mortgage insuranse�n effect. If, far any reason,the ' . � �.
<br /> ��� ���° .�•�.::��!:r��: e�occga�insurance coverage required hy l.ender lapses or ceases to be in effect.Borrower shall pay the premiums required to � • t, .
<br /> � � � � `��'�?� � oEitter�c�verage subsiantialty equivalent to the mortgage insurance previousty in effect,at a cost substantially equivalent to the
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<br /> ` � � ••,:,,�;�,,.�. nyso Ga ftorrower of the mortgage insurance previously in effect. from an altemate mortgage insurzr approved by l,ender. IP � f ••.,,,
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<br /> . �t.•�?% Form 3028 9t90
<br /> vage 2 of a
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