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<br />---� ,__ ' , �e lEuaiis�shaif �i�I�t �n`� i#is�it�t3ota`s��os�c�ws}t3 s�e in�ur�l�.6y a�frd�����,,ig�`�ui�!itYr'or��i4eti'y�� —
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<br /> ���, + . `(insln.�tting Y�uder,�L,ender is:sach Gp I�tit�onj-ar Ia tm7�Fe�t�ra1 Ho�.:La��aak.�.end�r�alt�tY.tae Fus�s.¢o g�sy;i�2;
<br /> _- � .. EscraFr,E4eats:IC�ad�r�ay�.�h�rge�oicaurar.fas hatdt�g�2pgiyin�the�uuds,�frtualt}r�glyz�a�tha escraw�cca.izs�oi �
<br /> ----- v�ifyin8 tha J:scr�w I�ems.t►ntes�,'gend�t"pay,sBori,o�,var intc�st on the F�s aad L'e�le iaw per�tuts Fs�derta�s;u�.�-� ,.
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<br /> �� ` , a chasge:I�o�vevet*Lend�s may�r�qaa'r�.8�c++m�w�w:FaF a osc�iuue,rhar�e for s��ge�z�3.eni�aa}�esfate tax tep'r�zting�rvis�e.,, . � � -
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<br /> � _ - -- �n��• i�,.�-is-��a�i3h slus_3�n. unless.ap�i�bl, taw pzovt�ott'.ecwise.._.UuI�SSfui,B�loC�1R�_is�.t�ade car_ _
<br />- --- --- apPlic�ile iaw reqiiires int�sa ta be paid,temder shaU u�t tre reqsa�re$Ea pay BbrEaw�ranY lac�.st vr esmirigs pu t�Faa3s:-
<br />_ Bortow�a�n�d�:ender�,ay agree in w�i�iag:�+7areves:thar interest stia}t 4�paid o�i t{x:IEaads. L�nder sha1l�iv'e to Bormv��e�r.� �. , .
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<br /> - � . � wifhcut ch�gg, an�as�unting of the T°�!nds..r+ttowin��.erc�iits aad debits'tu tha��ukdg and ahe�.foi.wt�b;e�cH
<br />- "-°'.�"�'�:�'i:..-v de6it tu td�e Futtds was made.'1Te,FunOs ane F!adge�as ad�'it�onat s�u�ty for ai!sutps secpsed bY ti�is S�tt'�tY E�tra�rtt, `:� , - .
<br /> ,��.'�:t��`;_�=Q:�, If�he Fusds•hefd�[�y k�en�er eao�the aaaeunt&p�mitte�i to 6�.�eTd by fe�able Faw,3.�nder shall accoilnt 10 Ba�ruw�r . . -
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<br /> . �, '� . , a ., .. for th�exr�ss Fu�s ia aocQrGance with the re��of eg�lics�i�law: If t�a�ca�t o�the�'unds heId-by I.e�sisr at a�r..` ` --
<br /> � -, .,.. `:: , . tinee is ns�t sa£��ier�tti pap t#s�-Eccruvt It�s u� du�.-I�snay sst u�iify I3�ttaur�i�t�iti�att��,-,.suc��se Barr�wer.
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<br /> ..�� � -,._n_; shall PaY tfl l,eader ths amount necessary W make�F the t�efrdeacy. Borrocver shall matc2 up th�dz8c�enay 5s no mor�tban _
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<br />- �;.,,:�y����_.�.� twelve�anthlY FeY�n?uts�a4 Lende�'s sote distretion. • . � � �.
<br /> ,�':� � `•s;„:�n'�:: Upon paymem�n full o'�al! snms secused b�r this Seattity i�1 �me±±r_ Lender sizall mmptly rCf�+#tb Bdmnwer am�y.
<br /> ".��°•"` ^r-a, Funds hetA by Lender.If woder ParaB*aPh Zl,i.eudar s6aU ar4uire or sell dt�Property;Le er,Pr�ar to the
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<br /> of the Fraperty,sliaU apply aay F�ds he�d by LeQder.at the time.vf asquisitioa or sate as a cre4it�a�ast the ss�s sec.vrad,t�p� ,:;,;
<br /> ' ���'�`:_.���rk this Se�ritY Insrntment. . . . . . , �
<br />- ��-� � 1j �..,�^�,.� 3.Ap�o n o f P a�n e ri t�.U n t e s s a p p l t c a b l e!a w p r o v i d e s o t h e n v i s e,a ll p a Y�z n t s n c e i v e d b y I.e a d c r u r,�a r.p b g°; '
<br /> •�:_R����"^-_ '�'f� I an�2 shall be appli�:�st.to anY PreP�Y��Ses due nnder the Note;seflon�.tp amowus•payabte.uader�pa�3r�"�2: :_ -
<br />_ ��-ti;'`.�� • �-�~<<'`� third,ta iirteresi due;fmtsth,to principai dne;and lasi.to any latc s�fiarg�due uud�r tt�e Na�:. ''
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<br />_ � ' .•r�;':;,.:�, r.�,• 4.CEiarges;idens.Saaawer stiall pay.all taoces.assessm�ts..c3�es;'finss and imgositioa4s attrihntabie to tlte Fra�eny
<br /> �'"`�w;`��'�`"��'�' �vhich mag attaiq prioriry over this Se�urity Insuumeat;aad teasehatd:PaYtaenta or gronnd n.�nts.if any. Bommarer shaU pay • .
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<br /> `�;=�%'= ',r"Yin: tbese obligahons ui tbe mannar,p�rided in gaiagraph 2.or if not paid i�chai:ma�er,Bflrrowec shall pay<tht�n on�e d�Y
<br /> _...,` . ., ,��::` tn the pesson owed paymen�Ba�aower shall pmmptly furaish to I�ender•all nati�s of amounts to 6e paid undetl_it�3��'aFh. _
<br />�:.'`�.. - �� If�nrnuwer maises t4ese paymeats direcity,Banowcr shall prom�tiy furnisb to I.e�der receipt�evidencing the p��tlt�,� . _ -
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<br />- �` �� •: ' Bctrrower shall pxomptly d�scharge atry.lien vrhich 6as pnonty over this Security Inst�ume�t�less Borro�ta)agr�es i�t
<br /> �_f � `'�= wAtiag to the gayment of the obligation.secum�by the tien in a tuausrr.ss�pra�le to L.eader,(B)c�nt�s in good fuith the lien
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<br />-�.. .,;,. . .. .. . by,or defends against..enfoxce�ent o€.tht�fsett._It►..:te�at.Pro���icH ia_ Leatdet's " ' t tYte
<br /> .----.-_ the - °pYnt°n a�ate t°preven
<br /> � ' '' � � - enforcement of the lien;or(c)secur�+from t�s�hotder af�the lien an�ememt satisfa�toiy to Leuder�subo:din�ng tbe tiea tb .
<br /> • ,-: tt�is Security Tnstntn�.ff Ir�rder d'ecennines that any.�art of.the Property is su�e�t to a lien wiric6 may attant.�'�rioiity over
<br /> � • • . t4us Sec�uity r.,�rn.rient Lender may give Borrower a aotice ideatifyimg tfie lien.P.i�irower sha.0 satisfy the 1ie�i�az take one or -
<br />��_ ' • � • � more 4f ttte actions sei forth a6ove a+rthia 10 days of the giving of notice. �"�'� �____
<br />� �` ---°-;= 5. H�aaard or Ptnpeety In�anae. Borrower sball keep t6e�improveutevts now existimg or he�after et+ected,an t�e
<br />�" ' ., included within the terni"e�endeQ cov e"a�nd other ha�ds, ine --
<br /> — . ' Pcoperty insured against loss by� hazards �S �Y �� ---
<br />- . • . ' flloods or tioadin�:for which l�nder reQui�BS insuran��•'�us insvraare sball be maintained in the amonnts and for the peno�s
<br /> -�� ..• that Lender requires:The ins�uauce cazrier pmvidin$tEse�insurance shall be chosen by Enrrovrer subs�ct to Lett�'s approvaI , -
<br /> � � � � wluch shall nnt be unre�soaably vrithheld.If Borrower fails to maintain coverage described ab�ve, I.ender m�c;;at Lend�F's -
<br />_- � � � aption,obtain eovetage ta ptotect I.eader's righu in ths Property in atxordancae arith paragraph 7. . . • . • .
<br /> ' •�'�.:.:�',;;;" . pll;nc,»�nce polss�es and renewalk,�halt be ac�ceptabte to Lendcn�and shal! include a stanc�d mortgage clause. F�: _-
<br /> • :`=:'�;' shall have the right to hold the.policies.��.cenewals.If Lender requires,Bormwer shaU pr�omgtl�::',,��ve to Ixader all recei,p�:q���= -_
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<br /> � t` : :;rYY. paid premiums and cenewal�o_oices-In the•eveut of loss,Boaower shal!give prompt uotice to th��ne�,�„ce carriez aad Ue�.•._ _
<br /> ' Lender may make proof of�zg nnt:made prompdy by.Borrower.. ' . �,."� -------_
<br /> � . Udess Lender aad Bcsiir��e���othetwise agree in writing.insu:ance Pr�ceede sIi�ll:.tle:aPPlied to resWratie�:r�'�iepair af.the --
<br /> .. � ` u:;.,:� p�Ferty damage�.if tha restm�ation or repair is economitally feasible.aRd�L'ectdBn's security is not Icssened.If'�:et�+totaL'saa or . !yN___
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<br /> . • . ,l r�cpais is irot.eaonomically,feasible or I.ender's security would 6e tesseaed�•the;instuance proc�ds shall be appI�ed to the su�"s.� �:�.
<br />- � secured,by-this,Bo�nrity Inswment, whether or not then dae.with any�.excess paid to Borrower. If Borrower abandans t�e:, "�"=`j"`'
<br /> '� Property,or does not aaswer anthin 30 days a natice from l,ende�that�the�ansuraace r,arrier has offered to seule a claim,theh � �°`�°"-`�`-
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<br /> � � I.ender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Propesnr,.�r co pay sums �;��--
<br /> . . .. secvred by this 5ecurity Instntmant:.�vhether or not then dae.The 30�day penad will begin when the aodce is�a.�au. � �.`". -
<br /> ' �• , Ualess Lender and So�zawer'�OTIi@iW�SC 2�C j11ZVdIlA$. anY aPPlication of proceeds ta principat shcll not extend or __-
<br /> : � �� � .' postpone the due date of the monthly�+payments referred to in pa�agraphs 1 and 2 or change the arztcont of the payments. If =-°-
<br /> • •":r�° under parag�aph 21 the Property is aec�uued by Lender,Borrower's nght to.any insurance poticiey at�procee�s resulcing from
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<br /> : :;.,j��:;; darnage to the Property prior to the acqu�smon shall pass to I.ender to the extent of the swtis secut��t�+this•Securiry Instrument _
<br /> ' :.::.,: immediately prior to the asqucsiuon. __--
<br /> -. . �*.• 6.Oavpancy,Preserv�S�.Ma[nteaance and Fta+5ection of the Property;$o�e',awes's Loan AQpii�eii�;Lease6oids. __
<br /> ' . � ':�',�`;�. Borrower shall occupy.estz[stiyh,and use the Property a4 i�mnwer's principal resi�ee within sisty days aft�cT:e execution of =---
<br /> ' �:�::�.`:'` this.Security Instrument and shall con[inue co occupy the Propeny as-ita,r.rower's priacipai residence for at least one year aRar �
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<br /> � : �„ � � the date of oeeupancy.unless 1.enctec'othera+ise agrees in aTiting,nhicii:oonsent shall not be unreasonably.withheld,or unless _
<br /> ' . �� 1��:'� eatenuating�circvm�tances exist which are beyond Bonower's cor.uvY. Borrower shall not destroy. damage or impair Ne :`' F•:.�_
<br /> �� �_;.;t;.. ,� . F?rctipe;ty,allow the Propertyr to deteriorate. or commit waste on tAe Property. Borrower shall be in default if any forfeiture
<br /> �;�'1:� • � �sCiom or proceeding. whE�her civil or criminal,is begun that in IRnder's good faith judgment coutd�sult in forfeiture of the -
<br /> - � � �roperty�ur otherwise materially impair the lien created by this Security Instrument or Lender's secUrity interest.Borrower may ��, ���
<br /> • ., cure such a default and reinstate.as provided in paragraph 18;by causing the action or proceedin�to be dismissed with a niling ,
<br /> � : ,,: that. in Lender's good faith determination. precludes forfeiture af the Borrower's interest in th:Property o.r other mnteri�l ,-
<br /> � impaiiment of the lien crested by this Security [nswment or l.ender's security interest. Borrower shall also h.e in default if �,:_. .
<br /> ��,��. � • Borrower.during the laan appliration process,gave msterially false or inaccurate�nformation or statements to Lender(or failed ,
<br /> ; to pro v i d e L e n d e r w i t i�a n y m a t e ri a l i n f o r m a t i o n)in co nne:xion with the loan evidenced b y the Note.inctudin g�but not limited '''��'',`�'�'`'':'
<br /> Q P P �Y , , Pettp P D ty ,C;�;::_,,,.,.
<br /> • � � • � so,re resentations concemm Borrower's occu an of th�Pro as a rinci al residence.lf this Securi Insnument is on a . �- �
<br /> . . • . `� ':� leasehold.��Sorrower shali comply with aU the provisions of the lease. If Borrower acquires fee title to thc Pruperty� the��
<br /> ^� �3`�r1:� Ieasehold�1td�th8+fee tide shall not merge unless Lender agr�s to the mer�er in writing. •
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<br /> ,: • '.. . ..�t:;'. 7.lkotectla�l of I.cuder's Rtghts[n the Propeity.If BorroweT fails tv perform the covenants and agreements contained jn �
<br /> ,' "•�� ' tbig�Security lnstnunent.or thete is a legal proceeding that may signiflcandy affect Lender's righu in the Praperty� (such as a _..
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<br /> �',��(•�' �� ^I�''"' prqacaoding in bankmptcy.probate,for condemnation or forfeiture or to enfome laws or reguladons),then Lendor may do and •
<br /> ��� � � a for•whatever is necessary to rotect the valae of the Pro e and l.ettder's ri ts in the Pr l.ender s actions ma
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<br /> ' � 1 `��:. `��:`� �;; include paying�tury�sums secured by a lien which has priarity over this Securiry lnsttument. appeanng in wurt. paying
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<br /> .,;..� nzasunable attomeys'fe�s and entering on the Property to make repairs. Although Lender may take action under this paragraph ,
<br /> .� �� ° ' "� ' `'''' 7.Lender does not have to do so. - -
<br /> ;` ' � � My amounu disbursed by L.ender under this paragiapli 7 shali b�ecome additionai debi oi Bnrrower s�cure�l by this
<br /> Securiry Instrument. Unlcss Bomuwer and Lender asree to other tern�s of payment,these sunounts shall bear interest from the •
<br /> �, - � '. '. date of dis6ursement at the��Iote rate and shall 6e payablc. with interest. upon notice from Lender to Borrower requesdng ' .
<br /> ._.•.._ •.'_• � payment. . ..
<br /> - 8.Mortgage Iirsuraace.if Lender requited mortgage insuranse as a wndition of making the laan secured by this 5ecuriry ,
<br /> ,'� .. � .�" -1� :: Instrument.Borrower sdall pay the pmm(ums required to maintain the mortgagc insurance m effect. lf, for any rcason, the
<br /> • �ortgage•insuta�pce coverage required by Lender lapses or ceases to be in effect.Sorrower shali pay the premiums required to
<br /> � � obtain coverage substantially equivalent to the mortgage insurance previously in effect.at a mst substantially equivaicnt to the
<br /> ' " , � oost to Borrawer of the mortgage insurance previously in effeci, from an altemate mortgage insurer appmved by Lender. If '
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<br /> Pdye i or� • Farm 3028 9/90
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