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<br /> 'Jlrs.�Fw�ds�1u�ll be held 9n an i�witu�ion wvlrKe de�arit+ �re ln�ureQ by � lbderal rQaxy,� or e�1Ry .
<br /> -- (itK:l�sd'u��L�c►xkr, if l.uxi�:r i:�eu�h ar�inetitution�ur ln any Fedenl tlem�t lnan l�+n�. Icnckr shall°ag�ly t�+m'p�'�
<br /> ��row Ikrrn. I.tndc�'rn�y tat chtt�8c+rrower for ha�die�'m�d aPp�ly��the F+'ur�dr.antau�ily�nalyxi�nt tlrt asro+w acuciunt,a'
<br /> vqrifYin�die�acmw llea�r>mda�1���dN'{�Bornt�'K incrndK oa tb�P�wd�ppl��w p�ertnits l�en�iw t�afilcp.wo�
<br /> �ch�rpt.�iow�ew�e', 1.�►der nwy�ne Bortowor w paiy�o�rtiaw d�rr�e fw pa ipdrp�o ral�+e ux.�epo.da�.Mn'�a
<br /> wad by I,�lydor In.caubaion wi tht� lan. unlers �PPtic�ble IKw prmi�es ctherwise� Unleu �on a�roa�raM i� m�d� or
<br /> . iable i�w raqalno inkae�l a tfe a�• tw.au.6d� ooe be,nquitWa 10 p�y eorrow�r any i�o�t�or e�p oo�Y.Poaa..
<br /> B�arrt�wer uwi Ler+der myy �me(n�v�itin�. hawava�th+t irMeaeN�hult bie p�W on tha Fwwk.laa+du drll�iw�v lYw�o�, :
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<br /> ' widMDUtct�e.�rl ot�nulli �itq c�i'i���w;�±o.�:waw �s.,.ilL::.:.3 c�::'L tn It.�':.,�._,,".r.�G►!" • fi►►�ht�h
<br /> debit ta the 4�undr w�mrde.Tha Pue�ue plMdMd��dd�t�oqd��a all wnw watSpd by d�1s�rkY la�vn�t•
<br /> lf the Fuc�d�iw�fd by l.mdnr exaa!the�rnueb pemdt�ed to ba by applic�isie I�w�I.eader�A1�ol�+ount to Bocmw�sr
<br /> for the ex�Fur�in�cconlsnoe with�hen�quiraaas�af�ppliaible i�w. If il�e amaunt of the Fuad� hdd br L.ader�t an5►
<br /> ttme ia noe�tticient to p�y tM� YUc�ow Items wtxn dur.t.ender mq w natlfy Hoct�ow�(n writin=.wd. in wd�cwe Bortmwar
<br /> :halU M�y to t.ender the arbunt en moke up tht deticiency. Borrower alWl mdce�the detic�r ln no more th�n
<br /> -- twelve monthly PrYments,�t t.e�da'�e discrdiaet. � •
<br /> - ��� . Upon ptyment in fuH of ali sun�x�cured by thic S�cur�ty [rtstreutte�. ire�er aha1L 1�romptly're�^d to&x�awe��ltY
<br /> Funds held by l�cndec.If,undcrp�v��raph 21. I�ender sdul�aaluic�e ur se11�U�a PmPertY• endcr.prIor to the aa�uisition ar salA�
<br /> ' of ehe P�o�erty.ehall�pply iny�utds held by I.ernfer at,4he time of aoqufaitiw��r sale�s a crod�t�dnst tho��ecured by
<br /> thia Secunty Instiument.
<br />- 3.Applk.�tbn ot A�yut�t�M.Unl�s applic�ble law pmvides othawise,41t paym�enta�+xelvod by L�ee�der under par+�c�phs
<br /> 1 and 2 slail be�ppliad:first, to any prepRYrn�nt clw8es due under tho•Mote:second,to art�ount�psyable unda p�ca�caDh 2:
<br /> third,w intemt duat fourth,to prtnaipal duo;ard Imt.to any late char�ae due under tt�e Note.
<br /> 4.���i"�si IAau�.Bo�rower si�1J pay di a�ces. aue�vnenu.ctuirgee. finea and Impositions atttibuhblo ta thc'P�erty
<br /> � .-..'� whi�l�may attadn prioricy ovsr thi� SecudtS'Insuument.und te�.+drul�i pi►y�nta or grau�nd ra�ts� if�y.Berross�a• � psy -
<br /> � tWese obligattons in the manaer providad inp�ag 2.or if not ptid ia that m�uuxr.Borro�v�cr shall p�y them un time dirocdy
<br /> to the perbon owed pAyment.Borrower st�all pr�mp�tlY fl�mtsh to I.ender Wl noticrs of am�ants to be piid uMes this parat►al�h•
<br />-- If Botrower makes thase payments directly.Boreower shalt pmmpsly fumish to I.ender toceipts evidenciag the pnyments.
<br /> Bomox+er shull pt+omptlY dischar8e any Qen which hac prior3ty over this Sa�uriry Insuument unless Hotrower. (�)ag�ees in
<br /> wrlting to tbe payment of tho olsllgation socnrod by�1►e Nen irt e manrrcr aocepteblc to L.ender.(b)oontats in gaod futh thc lien
<br /> �- by. or defetds cgatnst euforcement of the lien ia�. legal prooeedings which ia the Lender's u�inion operate to prevent the
<br />-� --- enforcemem of the lien:or(c)secunes froYa the holder of the Hea an agroemeirt satisfaccory to[xnder subordic�tic�g the Uen to
<br /> td3s Socurity[nsuument.If[.ender determines that any patt of the Property is subject w a liea whish may anain priority over
<br />- �hia Sxurity Insuument,Ixnder may give Horrower a rrotice Idendfyfig the lien. Borrower shall satisfy the lien or take one or
<br /> - rrtone of tUe actions set forth above within 10 days of the giving of notice.
<br /> - 5. �b 0r p�y Ia�ranoe, Borrower shall keEp the Impmveraenu now e�istiRg or hereafter er�xted an thB
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<br /> _ , pioperty insurodi against loss by fire.I�au�rds included wi'.Ltn the term"extended c.average"and any other t�a7arda. including
<br />_ -- tloods or�tooding.for which Leader re�uires insuranee.'t'i�is iasnmrnx ai�i,iii ir���s��s�c aa�ssss�scd fut s�se�SSr:nsis .
<br /> ti�at Lender requims.The insuranoe carrier provid[ng the insurana shall be cicosen by Borrower subject to Lender's a�rproval
<br /> which shall not be unreasonably wEthheld. If Borrower fails to maintain covera$e describod above.I.ender may.at Lenler's
<br /> , uption.obiain covernge to pmtect Lender's rights in the Property in aceordance with paragraph 7.
<br /> All ima°3rar�oe policies end reneW►a1s shel�be aoceptable w �.ender and shall [nclude a standard mortgage clause. i.eader
<br /> ,'��auti bave the right to hold the�olicies and renewcils.If Lendar requires.Sorrower shull pmmptly give to I.cnder all rcceipts of
<br /> - �d p�i�ms and�enc�yai qnUocs.In the event of loss,Borrower shal!give prompt notice to the Insutanae cnrriec and 1�ecWer•
<br /> '� '�nder may make proof of loss if not made promptly by Horrower.
<br /> Unless Lender end Botmwer othen�+ise agree in wnung,insurance proceeds sl�ll bo applied co ceswratlu+r►or•repair of the
<br /> ' p�operty damaged.ff the reswiatlon or repair is economtcally feasible and Lender's secudty is not lesseaed.If the restoratfon or
<br /> repair is uot eoonomically feasible or Lender's security would be lessened.the insurance prnoeeds shall be applied ro the sums
<br /> secured by this Security Iqstrument. whether or not then due. with anY excess paid to Borrower. [f Horrower abandoas tho
<br />;� Pcoperty,or does not answer wtthin 30 daya a notice from I.endcr thnt the insurance cerrier has offered to settle n claim,then
<br /> i,¢nder may oollect the insurdnoe proceeds• Lender may use the proaeeds co repair or mstone the Property or to pay sums
<br /> secured by th�s Security Instcument.whether or not then due.The 30-day penod will begin when the notice Is�iven.
<br /> . Unless�Lender and Borrower otharwise agree in writing. any upplicatlon of pmceeds to principal shall noi extend or
<br />'".,'.. � p,{,; ' postpone tA�.�.c�date di the mvnthly puymenta referred to in paragrl hs 1 end 2 or change the amouat of the payments. if
<br />" �'" under 21 the Property is s�vQuired by iw:nder.Borrower's rl�it to uny insumnce policies and proceeds resulting from
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<br /> �� , .��y�,, •damage to the Prapoity pr�mr to the ucquisitton shatl pass to Lender to the extent of the sums serure�i by this Security Instnunent
<br /> ..�,:��� t� omimedfately prlor to the�aat�uistdon.
<br /> �1 '' ;<;F;,�� 6.p�upancy,�iPeservatton,Maiateaance and Protedion oi the PropeMy;Borrower's Loan Applfcadon;Leuseholds.
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<br />- ��,�.1,�.;:,,�.{-s Borrower shaq oc:cupy,establish,and uss the Properey as Borroaer's prirtclpal cesidence within sixry days aRer the eaecution of -
<br /> ,-:���y`(�i.� this Sec�rity Inswment and shaq conrinue to occupy the Prope�ty as Horrower's pflmipai rese�ence for at teast one year after
<br /> '-:. �r�.''_� �s�"' the date of occupancy.untess Lender otherwise agrees in writing,which oonsent shall not ba unreasonably withheld,or unless =
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<br /> , ' a`�ii�., °`:',' „ extenuat�ng cinvmstancas exist which are beyond Bomower's control. Borrower shall not destroy. damuge or imp e
<br />. ;;s''�• ����' property. ullow the Property to deteriorate.or commit waste on the Property. �orrower shall be in detault )f any farFeitura
<br /> '�' .�`''' action or prooeading. whether civil or crimIcuii,is be�un that in Lander's good faich judgment couid resuit i�forFeitue+e of the
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<br /> property or atherwise mnterially impair the Iten created by this 3ec�erity Instrument or I.ender a secudry interest.Borrower may -
<br /> ,.�;-.=.-�`- •': cut+e such a default aud reinstate,as pro�ided in paragraph 18,by causin�the actlon or proceEding to be alismissed with a ntling
<br /> .;.r �,• that. in Lender's good faith determination, pre�ludes forfeiture og the Bornower's Interest in the Pro�erty or other maoerial
<br /> ;�, y"� ` impairment of the lien created by th[s Securiry Instrument or I.ender's security interest. Borrower sh$i!a6so be in default if
<br /> ; ;r�_,' Borrower.duc4ng the loan appltcation proccss.gave materialiy falae or inaccurtu�infomutdon or stateme�ts rta Lender(or fsiiled
<br /> ' � to pmvide i.ender wtth any material iniorn�etion)in connection with thc toan e�-c�Ynced by the Note,irtciuding,bat not(imlted
<br /> �" "� `' ' to.repcesQnuulons concerning Horrower's occupancy o f t he Prope rt y as a p ri n c i g eal residence.If tAis Securi ty Instrument is on a
<br /> ;'���`.;;', . teasehold. Borrower shall comply with all the provisions of the lease. If Horrower acquires fee title to the Property. the
<br /> F�-'�'t - • •• leasehold end the fce tide shall not merge untess Lendcr agrpes to the merger in wdting.
<br /> 7.Protection of Lender's Rights in thc Properiy.If Borrower fails to per&orm the covenants and agreements rnntuined in
<br /> ', _ this Securicy Instrument. or there is a legal proceedin8 that may significantly a4'tect i.ender's rights in the Properry (such as a
<br /> ��-•- L proceeding in banktuptcy.prubato. for condemnation or forfeiture or to enforce laws or rcgulations),then Lender msty do and
<br /> �►r: ..... C W}�If}PVPT t�»�c�v rn nmteci the vulue of the Propecty and I.ender s ri�i�ts in the Property.Lender's actions muy
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<br /> `=�f . . �clude paying uny sums securec� by a lien which has priority over ttits �ecunty insirument, appeanng ;n wuri. �y.+�g
<br /> . - ' repsonable anomeys'fees and entering on the Property to make repatrs. Althou�h Lender may take uction under this paragraph
<br />- �°.� ' .'_ " 7,L.ender doe.c not have to do so.
<br /> :�='•.. � ' �� Any amouats disbarsed by i.ender urQder this parugraph 7 shnll become additional debt of Borrower secured by this
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<br /> • S�urityr Instrument. Unless Bomowcr and Lender agrae to other terms of payment, these nmounts shsill bear interest from the
<br /> '�?.' � � ' dnte of diabursement at the Note rate�nd shnll be paynble. with interest. upan nattce from I.ender to Borruwer requesting
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<br /> , paymeM.
<br /> -. 8.Mnrtgage lt�sucattee.If Lender reyuim�mortgage insurance us a�nditton of making the loan secuc+ad by thi�Scrurity
<br /> t�• ' Instrument, Borrower shnll pay the premtums required to maintnin the monga�e insurunce in eftect. If, for uny re:�.son, the
<br />" , t••' `� � mortgage insurance coveru�e requirod by l.ender lapses nr ceuses to be in effect.Borrowec shall pay the premiums rcqutred to
<br /> �� . ... r��; obwin ooverage subst�ntisiliy equivalent to the�nortgage inwrance prcvtously in effect,ut a cust substnntiully equivalent to the
<br /> . ) + �, cost to Borro«ar of the mortguge insurance prev3ously in effect, fmm un ultern�te mortguge insurer approved by Lender. If
<br /> .r•.y"����.�':
<br /> " . oaQa z o�a Form 3028 8l90
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