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<br /> , . .w' ' ,: • . �c [a � � k.�-"xY�S - --- --
<br /> � ;^h.� � �f �.,'s. `� r`i� 'r�?�'r�"r.�`U__ _ ' a+�r" _ _ - _
<br />�. E �F.� �.4�`- � .r��' � rt��..L. '� -- -= ��� � '
<br /> ,� A - . � 6�.a�.iiesmowa .- _ .
<br />����.� - `r� ..��� `. ' ° <'t. ,r - _"....._
<br /> - ��r��� � ` ' ' ` . ' � . • ". ' �,� ';�f � ,�°{`�.. %'� . o. � - _ -
<br /> . . -- - - - -;i.�...-.__.,,__�.�. ��IW��
<br /> �:{�� � s�� � �--: TBe 1F�ads �!1 6e 6cld in atr insdtndon cvha�s de�pbsits�re iusumd 4y a fr.deral ageACY:inst�me�tatiry.. ar e�it� - — -__
<br /> "'�,t'�,_�4`.-;Y., =.� . ' . (iacI�n3ing I.et�e�.if f.eader is such gn institauan)or ia aay;Federal Hom�Lnan Bank.Len�3er s�1�.aPPly tIt�Fuu�s t#Fay th� , . '` �-��--�
<br /> ° � ...- :� .'� � Esa�It�s:i,.ead�r taax no8 ch�rge�&saawer fflr holdtng and agPlying die Funds,�auallY ana!}°a.i�g tit�e�cmw t�tsr�:br � _ - -
<br /> f� ,�*'�T�:_ t < -
<br /> ,;:�-s :;�:;�,�'�„; ` vetitying t�e Fs�o�e It�s,an�ess Lendea pays Bor��er ynieiESi on thc Funds.aac�ap�lira8le Ia4w pe�mits Leadear W mai�e sucdx ___----
<br /> - fx .��E � � a charge.Ha�vevgr,Le�der�tay t+equiae Borrower to�ay u one-ti�e�c8arge for an icadependent n�l es¢ate tax reporting s�rvice •. __�_
<br />_ ���r1��' ` used fay I�nder.iu no�setzion�v3th this toanr imless agpiirable taw p�ovIdes otheswise. tlnI�,?n a�ement is made or ---- -----_---
<br /> , s: : �:����:�,�;. �lirab2e taw[equires inten�st to 6e paic4 t,end$r sfsa�ll agt be ta Bor[o�ver,asy inter�t ar ott the F�ttds-
<br /> sf� requirQd pay �
<br /> �� 5[ s _-". _.___-_-_-___-__
<br /> � :;;--� " : • rra�es and 3.ender map�nee in�ntiag,,hawever.l�tat iuteres#shal}ize paid_afi the Fu�ds- L�eader shalt glve td Bortower;. � _
<br /> =�j i��'���--'; � Without ci�arge,aa anau3t ac�oountiug.of ttse Fuuds,.shusviug credits an��debi�s to the Ftu�amt i4e purpase for wtuch eaCls a,..,,,,�,� �__ --
<br /> .:�.. . :,. �.,•;' r debit tn We Ftuu�was msde.The Fuads aie i ed as actditiaaal sectirity fQr all sums senu'ed by this Secauity Inst�umenL `�`"`•�°' --:
<br /> ,�.;,L,��. .. . p� f`�`;;r�`�'` ``
<br /> I€the FunsTs 6e2d isy I.Qnder eE�eed T�Ite amouats peimitted to 6e IaeTd,bl'aPPHt�Ie Law,Leader shail accmmt w Borrower
<br /> �._�.� _ � �� . fo'r the excess.Funds.in aacacdauceiv�t�e requirements af app�.(e lavi.Ff.the a8snnnt of the F�ads h�ld by L�eades at any ,��`�`���
<br /> a ca
<br /> -'- . . time is�n�sufficieat to�Say the Escnaw Items wiieu due.I�ender m�y so autify 8oriowe�in writiag,a�ia s�sh case�Bosruwe� ..� x .._ ,,,,.
<br /> T • shait pay to I�der.th���ouat ueces..�ary to make up the d�ficiency: Borrotiver''sh�I�make up the defcieacyn in nu mo�than . . _ .�,�,�-�=y.
<br /> _ ° c. .twelve month[Y PaYmeats.ail.e¢der's soledisezetion. _ , 'r� � ' . -�._�
<br /> 'c ` . ET aypme�m fi11!of all sums secuted by tlus Se�1u[Ly Inctmment_iender shall plomptly m.fuut�to Bo�owet aAY ., " ;`����
<br /> � r to ihe uian or sa7e ,
<br /> ,��.�, ` • Fnuds het�� I.�nder.If.under paragraph 2t,.Lender shall aoqQUe or sel!the Froperty.l einder,Pac► s��ic ,.;
<br /> �=-, c • '�"� : ���P�Y,sbaSi apPtY,anY F�nds he�d by Lencler at the time of acq�sitian ar sale as a credit against the sunms§ecured by '`b;,�����'�"�:`w�?�"�
<br />_ _' `. ,,• .�,�:- • �I ctiumenr �r . . - � . , �; K �,��x�';,._
<br /> ��3:AppYi�a of P�y�eats.Uniess a�licabls IaN provides otheswixe,�all paymeats receivai is�I.ens�er under para�aphs E t � ,��,
<br /> £` � I aAd 2�all t�ag�fie�:fi�st, to anY P�aY�ut c5az8es due under the Pia�'seQoud,w amounis PaYable nu¢er paragap�2; E ..� .
<br /> r; :��::,�`
<br /> }' �,Pu�imterest dae;fourth,w pDncipal dae;and last,to aa��charg�s due uad�.ttq.Nate. �� . ,;' = �
<br /> ; �a�;Idens.l6orr�vrer shall pay all taxes,as�s,charges, fines attd.�ositions a t t n b u t a b i e w the Progerty . �-_��
<br /> �.�,�. , . ���t
<br /> • nihic�-may aitain prioriry aver this S�rity Insunmeni, aud leased�old paymenis or gmmid rents, if any.Borrower shail pay+ ,�., , , .�.�,_—
<br /> �
<br /> .`",•'; '' these obligations in the n,ann�proviaed in�rag�aph 2,.or if Qot paid in that marm�"r,Borrower strall pay them an time directiy .:�.,:.,�=,�-- -- -
<br /> � . �._v
<br />- ' � to the peisoa otived payment Borcower shall gmr�pdy fiue�sh tu Lender all aotices of amorints to he Faid uader this paragraph.• . ,. ;�e��=��:-
<br /> ' �t ' If Eofrower mals�es these Qaycaetits directiy,Eotr�uwer stt�:l�grom�pdy fumis6 to I�ndcr i�eipts evideaciag Lhe paytt�nts. : �,.`.;�M-�.;s:_�'`..
<br /> - . '` -Borrocver sHall Promgt[Y�e an3+tien which Uas pnority over this Seauity In�rumeni unless Bamnwer:(a)agrees in � . � �' � ,�
<br /> � , •� ..�__.'.•.�.";� yment of the obligat�aasecured,by tfis lien in a maaner le w Ixnder,(b)contests in good faith�the lien ' �_"•� �... y�"
<br /> .r•
<br /> ;.= ---
<br /> - . ,.,.;,�. r .: •. � --.. ..-- - - w;-Iegal-prooeediags atn'�ch��the-Lender's�opinion-o�erate..to_pieventlhe. . ......_ : , -_
<br /> ivFiti¢S to tbe'Pa . ��,.
<br /> -by..or def�nds agaimt enforcement-of�the.lien-' -�� "'r� ;� -
<br /> - „ ,,,�
<br /> enfotnement of�e lien;or(c)secuies from tbe holder of the lien an agreemeni satisfadory w 1-erider su6ordinating the lien to � , � ,� ,.. ���
<br /> � ;'1� � t6is Security 1ust�umeffi:If IeIIder deteimines that a��part of the Prioperty is subject tn a Gea wfucb may attain priority aver�,; :c.•�.:;�.-.�- --
<br /> .,��',�• ,� � _ ��'`;;�� : . � this Sepuity.Iasuumeni,I�eader may give Sorrower a notice identiifying the lien..Bormwer sliall satisfy the liea or ��„ aua.ag 'z4:'. . �
<br /> _ .,. ,.� , . _.
<br /> . � . .., . ..> �°� �ing�of�'� , ; , . °
<br /> - ..._...,�•�- �.. ,r ,. :_. �`:. as set • s of th
<br /> �of tlte actio forth aDove witbin 10 day e ' �
<br /> •• • • ' rro " rove cr� ex sii h � � ;.',...:.`--.{ ,
<br /> ..;..� c.:. •�:;.;..�„ . �e�an - - - -- __ .• �
<br /> . -_.''� :
<br /> S. Ha�r�or-Pevperty Insaraace..Bo wer.. � ments iv' ng ar ereafter.et�d.ori}the. .
<br /> ._`:s::;,,: � I�erty insuted agast loss i�y tine, hazards inciuded witivn the teim"eatended cov d aIry otfier hazaid� inclµding , �'��
<br /> �' t:;`��;;�-';;•,. '�� � `Haodstor floading, for which Ltnder requiies ansuiance:This insuraace sball be maintained in the amoants and far the periods ' , � .
<br /> ° • • •;>.r;<<�,. ' shit Leader reqnins.THe imTarance c�anqer pr+oviding ttc�:insurance shali be chosen by Barrower subject to Leader'�aPPraval �e�. " � . = '�;:.
<br /> ,�,. � � c�ii�h shait noi be unreasflnably withheld. If Bornnwer faiIs to maintaia coverage described above. Lender ma!�;.��.t I.ender's `.'` . --�. �:: ,
<br /> h . ..
<br /> . :`�" ... � �n..obtain coveragC to protect Leadet's rights in the Property in accardance with paia�aph 7. . ,�:;:.:.; � . : ��•a: '�+�.',
<br /> ' �. . All�nn,�+n�policies aaid renewals shall be acceptable to [.ender and shall ind,u,d.e a standard mortgag�:cluu..~e. Lender. �'`f• .
<br /> - : �• • ��. shall have the right to&old the policies and renewals.If Lender requires,Borrower shai!promptly give to Lends��if teceipts o f • � '�
<br />=A; . -_- ,, paid preurium5 and renewal natices.In:the�t of loss,Bomower sha!!�ive prompt notice to the insurance carrier ar�L.ender. `��;-
<br />:" .. , . . , ; r_.
<br /> Lender may make proof of toss if aot made pramptly by Borrower. ` ` . �•-
<br /> _ � Unless L,e�cder and Eomoa�othen�se agree in writing.in��rans=pmc�s sh311-6e applied ta testotat[oA ar.�i[of tfie .: �� *3�
<br /> r•_ " __:�_::.�..�:.:� _ y feAa7,(e�lender's see�rity is not lesse�d.If thc•�torattori ar -:�_--�---- '�_�-+ -
<br /> - - - Pra�i3;dx�dfif t�c r�sz as segaic is c��micg!!
<br /> ,. ..:: . -� '_,-=---,�-,_-�-- -
<br /> , . ' repair is not eoonomicalty feasible or Lxnder s security would be lessened.the insur.�c�:proceeds shaU be applied co the sums � u�-�
<br /> : secured by this Secunty Instrument, w6ether or not then due, with any eacess paid to Borrower. If Bomower abandons the ::. ;::•
<br /> '� � � ' •• Property,or does not answer within 30 days a natice from Leader that the insurance carrier has offered to settte a claim,then . � "' �1..=
<br /> � � I.ender may wllect the insurance,proceeds• Lender may use the proceeds to repair or mstore the Property or to pay sums , • " `�'���'�
<br /> � ,. ��;':., :'. � . . ti
<br /> ' � ' : • secured by this Security Insuument.whether or not then dae.The 30-day period will begin when the notice�s given. . , ' % `l•
<br /> :�. . ,..
<br /> . :`."�.' . � Ontess Lender ar.� Bomower othenvise agree in writing. arry appliartion of proceeds to prineipal shal! nr.a.extend or "�`��:_.�
<br /> - � ' - postpone the.dae date of the monthly payments referred ta in p hs 1 and 2 or change the amount of the��ryments. If , • �f}'�•� =• :
<br /> • . •"''."�, '- uader paia�b 21 the PisoFerty is acquired by Lender. Horrower's ri to any insivance poltc�es and pmceeds tesolGng from _
<br />-- .C���; � damage w the Property prior to the acqwsit�on shall pass�ui fxnder to the extem of the sums secured by this 5eairity Instrurne�►L , .._
<br /> . .. �� '. immediatelY Prior to the acquisition. r � ' ' � � . .. �_: .'';` � . _
<br /> � • • � 6.Oocupaucy,Fneservatt�on,Maint�r�and AraEestlan oY tt�L?iropertY;Bnrrower's Loan Applicatlon;LeaSehoW�,, . �.,,,,...:;:
<br /> . ,' °�':•: . Bormwer shalt acx.vpy.establish,and use tha f'ropetty a.�H��rrower's principal residernx within sixty days after th���ecution of �•..`.,=,'.�....
<br /> � t h i s Secvrity I n s t m me�rt an d s H a U co n t i n u e t o o c c u p y t h.e�Y o p e rt y as Borrower's psira,�a p a l residence for at leau.o�year after . '���"`.'''-"
<br /> :�• . .. .
<br /> •-. . . the date of occupancy,unies�t..ender otheav�ise agrces in�wrinng.which consent shall not be nnreasonabl,y withfie�d.or untess •
<br />- a � '' °. � • extenuating tircumstances exist which are fr��rond Borrower"s control. Borrower shall not destroy. dAmage or impair the � .. - �
<br /> `'�,�� " Property,allow the Property to deteriotate or commit waste on the Property. Borrower shall be in defaWt if any forfeiture _ . ,. ',
<br /> �•�'`�'' � . � action or praceeding.whether civil or crit�icial,is beguar that in Lender's good faith judgment caold result in forfeiture of the �
<br /> , ' • Prc►petty or otherwise materially impair t�e lien created by i.his Security instrument or Lender's security interest. Borrower may ., . .
<br /> ' � cuce such a default and reinstate.as provided in paragrap6�8,by causing the action or proceeding to be d�smissed with a ruling ' � •.
<br /> t ' � � •shat, in l.ender's gaod faith determinaGon. �recludes forfeipue of the Borrbwer's interest in the Property or other material • .
<br />_ impaiimeat of the lien created by,.this Sernrity Instrument or I.ender's security irtterest. Borrower s�lall also be in default iE � ,;,..
<br /> .�•. .�,� �. �• • •�.•_•' .
<br /> Borrower.during the laan application proc�a,gave materiafly fs�se or ireaaurate infarmation or•scitra:ents to Lender(or failed � . � �' <';�;:�'
<br /> :;: • . to provide ixader with any material inform�tdn)in coanection with the loan evidenced by the Note.�acluding.but not limi[ed ,. .•,�`,:;.:;;;:;
<br /> f �. ..:' . :. •.� to.representations cortceming 6erlower's occupancy of the Property as a principal residence.If this Security Instnunent is on a � :;.�t'�.;;_,.:�.l;,,�`��,,;�'
<br /> _ `y:... �. �• leasehold. Borrower shall rornpiy�•with all the provisiuns of the Icase. If Borrower ac.c,uires fee title to the Propeny. the ,,-,,, : ,�,�,::'.;;•
<br /> . .. . leasehnld t�nd tlie fee Gtle shaU aat�Y untess L.ender ag�ees to the merger in writing. . • . �;:�_., ._, ::::�t;.,�:.
<br /> � n
<br /> � � ' •� 7.protectton of Lender's iti�s its t�e Property.lf 8orrower fails to perform tDe coven�nts ancD a�'au�atts ront�ined in ' .'"°' '
<br />. . �'..�.��. ,. ec . �
<br /> '�...:'.• ., , .',��,� �this Secttrity Inswment, or there is a Ie�I proc�ding that m.�y si�nific�ntly affeci Lender's rights icc t�e i'ro�serty(such as a • ' ..
<br /> � . proc�ding in b�kruptcy.probate.for coademnation or forfeiture or to eriforce laws or regWations>,thcu Lcnd�r may do and .
<br /> ' , pay for whatever is necessnry to protect the value of the Property and Lendci s rights in the Propeny. Le[zder's actions may .
<br /> �`��; • .'.:�} : .:�,. ':: � mciude paying any sums secttred by a lien wtuch has prionty over this�Security Instrumen� appeanng in oourt. paying .
<br /> reasm�able attoraeys'fees and enfering on the Property to make repairs. Although Lender may take action under this paragraph ,
<br /> , • . �7.LQnder daes nat have`to do so. . . . �. ,.; • �.
<br />. ` Any amonnts disbwsed by Lender under this para�raph 7 shall become additior�al debt of Eorrower secumd by this � • •
<br /> . � Securiry Instrument.Unless Borrower and Lender agree to other temts of payment, these a�nounts shall 6ear interest from the . ���, •
<br /> •. ". • date of dis6ursement at tiie Note rate and shatl be payabte. with intem.st, upon rrotire from l,eader to Borrower requesting ,
<br /> -;:. ' . :, PaY�-� . . . , , . •
<br /> . . . .. 8.Nlertgage Iasaraz�..if Leader requited mortgage insuradce as a mnditioa of making the loatt secured by this Security � '� . : .. .
<br /> ��, .•�. Instrnment. Bozrower shall pay the premiums required to maintain the mortga;e insurance m effect. lf. fot any reason;the ;�
<br /> �.; ���� mortgage.insurance coverage required by lxncler lapses or ceases to be in effect.Barrower shall pay the pr�emiums required to ,
<br /> . . v s ' l uivaleht to the mart e insurance revionsl in effect.at acost substantialIy equivalent to the � . �� ,
<br /> • . . . . .. . obtau�rn erage ubstanhal Y e9 �S P Y
<br /> • , , ... '
<br /> c • ��-, ' cast to Borrower of the mortgage insurance previausl}� in effect. from an altemate mort�age�insurer sipproved by l.ender. if .
<br /> • PP �: ' _ .
<br /> - - - --- • • �==='-=--�= __.
<br /> .��-._ :-: ''' . . ' . vesesofs Faltn3028 9180 �� ,'- .: __ .- . ._
<br /> . � . • , ' • . , � . ��,. ., .'
<br /> �' ., _'__ . __. _
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