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<br /> �,;,� . ', . Z4se:lF�tds sS�l�.f� �iQ.�n ��stituti� nilt�c2e�nsits age im�u�d by t�,fadeiat a�iccgr. xa�.strumer► ifiy„n'r entity `. _ �
<br />��•`�`"•��°,• , `, {iae2t�i�g lEt�..nd�r,_i�Lcndar Is suc�s au.utstitnqiaal ofr in a'ny Fed�Ho�La���F���_���:� '—'- _
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<br /> - --. - veri�iu�.��s`sr�su itg�lns,�usla-s�er pays Boiravvgr v�tenst on the Furtds andagplicable law�perm�ts.Lendsr trs m�ice su+�• .
<br /> -_.____�,-��, �a�.Hawe�ea.i�nd�may reqttire S�.rr�Rer to p�y a uno-time ce3��arge fr,r a�i�degeffie�c�il est�te.ta�c ce�►onirt�,semce ,
<br /> used�Leiider in oonn�tian with t�is loaa. 9�� applicabi��taw prov,tdes atherwise. TJnle�s an a�a�eec�is �I�ror',. _
<br /> - = agpii� te iaw�ites i�iu a�.Paic�.��s�'�'�••^t��wze�!tc��2y�Soraowes ang_�t�t nr eaat�sgs_Qn_EI�Fr,t�S.,
<br /> BOrea�er aAd.�nder'may ag�e irt e�iting,[towever,t�at intetest shall be•gaHi on the Funds:t.�td�sha11�ve tq Borcaw�r> .
<br />--����'�'� tvith�t�t e.aa snnual.ue3ountnns of the Fa�is.r�to�sing credits�d�b�ts tQ the�urt�an�s tht pu�pase fin v�Aish�e$, �_--
<br />�.�T .. deDit ta�u��vas made.�te Fua�s�c Pi�Sed as ac`�itioaal sec�ty fos aSl suma s�d by tIus S�arrity I • me..t. ' ---
<br /> ���� � L R< ' If the Funds het�6�r L�der'ea�the a�w�.p�tift�d to be heI�i l�y appi�c�T�(ativ:lLeac�et stu�li aocuunt to Borno�er " v ��
<br /> s""�.` � `'- �r�': - foF the exc�s���n a.��uish-i�e r��n��Pp2i�b1�la�sr.If the amoun[of the Funds�eld by Lemder ai.^.ny� . �.
<br />��I�'�� ;f y z k=- 3'�is aot suffirseni 2o pay the ES�aau.Items�vhen dste,Lender may sa untify Bosrne.�er ia�vririag.au�.ia such cas�Bnrcaarer � __
<br /> _'" u' <f� S��J�LQ�Bf�E aI1FalSllt QC��LO$1SYC(li7��CL�nCY.Borrower sfa�ll�nakc up ti�.deficiency in.�na more th� - - ---
<br /> �'�� � Rwelve usamhly�aymEes�ts.at�.cndcr's sole�s�retiaa. -- -_ ---
<br /> . UPon paYm�i.�in:fulE ta£ul!:susus secnreci by tl�s Security I�strumenb I.e�.-sltall�Pmm�rt�F refuacl to B axrawec a ny �-...�__-`____.__.
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<br />���.�� . Fands he2d bg�Lender.�If:.urdet.pa�ragr�ph 21,i�ndet sba]!aequize os setl t�e Praperty,Ixuder,grior to the,as;quisitiaa or saIe �l���-_--
<br /> _- of.the Fr�s&y.;s3tut�appiy:�nY,�unds�iseld;by��.ender at she.tlffi,e a8zcquisition or s�te.as a t.n�ic against the sor�s�red bY. , .
<br />��w,��a�i�� ' this Sec�ur�tY��struartefu. � � ��iv�tt bY:�derunder . .� _ -
<br /> �,j'�='�,"� $;A at�a af Faymanis..UNQSs apjsiicabte la�r pravidc�other6vise, paY� . -
<br /> -yS;�}jr�,f�s��� 1 aifd 2'slh�,#L��'aPplieB.fi�sc+to siSY�t�F?#}'1t�teiet C�2ur�s duQ.uitd€I thC�Note; secund,to aTraRnn6S�PaNlbte tmder pa�ID!1 ►?� _ --------
<br /> �::� /�r:q��(6(f�_' ,�' ,. •tbird;to intec�st due;fo�rth.to priiicipal c�ttsi and last,ta anY Iate�rh��s due uader tt�Nat$i�;;. - ;�: __ -
<br /> _ kW*f.(7 R i L 7 YFFsT.���;,:::-. .. , 4.�E 2 r g e s,Lfeas.Sozrower si�all pa y a!�taxes,assessments{cha�des,�n�s and imgasit�aim,emib�hT�l��tke�raperry. _ - -
<br /> - - �°��.�.-�"`� ' �vhic�t►may attain prioriry over,this.Securiry insuotns�. aad teasehotd payare�.c�x���i reats.il;.t��.�zm�'e�sIra11 PaY , = _ -
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<br /> - � '� ' " tb�se abligations in the manner provided in FaiagraPh 2,or if not gai�in that man�er.��amower shal!Psi,��;�firan Unue directtY •
<br /> - <f,�: °' � to dts petson owed F�rit_Bornswec st�all promptly fi�mish ia,. .3�a`tdett xit aohc�ss of�t�?tts to be pa.%��r'::¢ti thts�aragraPb- ["'s"�sr_r��,a:.__-
<br /> � T �:° :;., ...:� If Bsmnwer maIces th�se payments direetly,Boaower sha�l pi+�`.��?�r�nish tn I�ender���Zis evidr�ncan��p�aymer�s• � � F �
<br /> �, �- , ���,y, . • Borrowe:shall promp4iy distlharge a�r liea which f�a"s prsoisty over t6is Secutity Instrunaeqt unle���Yer.(a)a��es in j, _._
<br /> _ 7- (b)contests�a�t.goad faith i6e t�
<br /> " . : . writiag�o the ayment of the obli ation secuted�b}►_the lien m a manner a�eptable to[.�der; _._.
<br /> " ',°'. -6y, or 4tefends agaia�t enfon�ment of tIie I'ien m, Cegal p--m ce�ng§wtiidt i6 t6��ader's opunon�mQate to ptevent . �- � _ _--
<br /> .'� • t6e lien an aS�ement satisfactPrY w Lender suaordinaiing the,lien to °� �` '
<br /> ,.�,� �:.`.. ,�,;� enfor�t of tbe lIen;ar.(c)secuies from tde holdes of :
<br /> ',s ... ' this Se�t�Instrumerrt. If Lender detesmin�s that suy Part.of.the Pcoperty is subject to a lien whicb may attnin ptiority over .,��`'�_�:.
<br /> . ' this 5�ty'Instlnzmsat,Lender ma,y giveBo�iower a nodce ui�►rifyittS the lien.Bomower shall sazisfy the liea ar ta7�ane ar �Y���;r,�
<br /> ';,. ,. ,, 'mnre of the a�aas set fost6 alwve within 10 days of the giving of natice. � . _ ' _�
<br /> � 5. Haz�d or�'toperty Insvisnce. Borcower shall keep the impravements now existing or h�er erected on ttie .•;,;:�-��.
<br /> '`�,� '� ;,.,:° Pro iasared against loss by fire,hazards indnded witl�in the tertn'extended mverage" and any a�haTards.includ'mg :�,:.;.��^Y�
<br /> , _4� �Y • shall be it�aintaine�in the aznounts aad for the periQds . ,-rr
<br /> + �'}::� floods or flooding,for which Lender requims�sutance.This iruur-ance ?-
<br /> .���.•. "��'�r` ' that Lendei requires.T[�e*��*���s carrier Pxaviding the insurance shatl be chosen by Boasower subject w Lender's appcoval ,�' " "�a
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<br /> which shall not be ameasonably withheld. tf Hormwer fails to maintain wverage descdbed above. Lender may.at I.ender's _.::.,;.. ''
<br /> _ ' ,. . . option,obtain coverage on pmtect Lender's rights izx the Property in accordance with paragraph 7. � y`
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<br /> �' All ins�rance policies and renewals shall 6rr suco�ptabte to Lender a�r►d shall include a standard ar+zutgage clause. Lender , ,.:•:.�.:
<br />�� • •`� �. •� �� shal}have the right to hold the policies and�rer�ec��tas,If Le n der requires.Borrower s h a l l p m m p t l y g i v e t o L ender all tecei pts of , ,
<br />°�� � pai�d pcemiums and renewal notices.In the eveut I:��'..oss.Borrower sliall give prompt notioe to the msutance�u'rier and Lender. �.�.` ° ,
<br />�" Lender�. ;rm�e Proof of toss if not made pro�i}.by Borm� •. - . ;?�
<br />�. � tl'r�s Le�tder and Borrower otherwise agn�ui writing;qtcuranc�e Praceeds shall be applied w sesteration or�a of the .;,�
<br />�•... .' . �'�-��.��,.^''... .' Pro ed�if.the reswration.or repair is o�riomiraily feasible and Lender's secvrity is not lessened.If the r�-�ation or '":.;;i 3 ."
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<br /> regair is not econocra�il�+feasif+le or Lender's seivrity would be lessened.the insurance pr�ceeds shall be applied to the sums , +f:_ ;�`-
<br />� , � ' � se�vred by this Searriry Instrument. whether or not then due, with any excess paid to Borrower. If Eorrower abartdons the , • '• ,;^_-.s;i�"
<br />�.°�." .••': �: ,;�',.:.::' property,or does nof answer within 30 days a notice from I�ender thai the insurance carrier has offered to settle a claim. then • .: . �.� }.::,,�,;`
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<br /> . • sR �by�is Secunty Instmment whether or notethen d e.The 3Uday p riod�itbegin�w-soen the noiice is g►en��ay Sums . ','::��'+F=ri.j'�`,.�;:.
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<br />- ! � � • , Unless Lender and Boirower othenvise agree ia writing. any application of proceeds to principal shall not extend or • ;F p,�.�,,
<br /> .,'�,._'-J�:��:.--�=•;�,_�'- Postpane the dae date of the monthlY PaYments referred to in paragraphs 1 and 2 or change the amffuraE,af the paymenu. If , ,:�;-:�
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<br /> undet paragtaph Zl tde Property is ac9uired by Lcnder.Borrower's right to any insuraace polic�es and'�sew�eds resulting fmm ':. „ ;,,, ,,,;;;,,;
<br /> �.`; . - aP .
<br />_ � ' Aam�aa,�t�the Property prior to the acquisition shall pass ro Lender to the extent of the sums secured by t:::s Security xnsuument , _;,••;;.
<br /> , ':'`,�' �rtuuafia�:ly prior W tf�e acquisition. � . • � --
<br /> 6..�ccapaney,Fmsen'ation,Msfntenance and Prot�of the Propesty:.Borrower's Loan ApplicatIon;L�oSds. „ „ ;'. • �' ;
<br /> ',f�1� � � Borrower sha11 oocupy,establish.and use the Peaperty as Borrower's principal residence within sixty days after the e�cacution of . . � ••.�
<br /> ��: . ••.•..' :.. this Security Instrument aad shall oontinue to oocupy the Propercy as Borrower's principal resideqce fn�r at least one yeat after _' ���;.:�'-,}-�7;•'
<br /> �^` the date af occupancy.unless Le�der otherwise a�s in wrinng. which consent shall not be u�u�en�ily withheld.or unless . :.,��;^,;-;;:
<br /> ';k,,, � , :;.`�..: c�ctenuating cinumstances exist which are beyond Borrower's vontrol. Bonower shall,not destrn��_ +,iamage or impair the - '; ;�f,9u ':
<br /> �,�- ;?�,,�;;;;. proge�ty,ailow the Property co deteriorate, or wmmit�vaste on the Property. Borrov;�-5ha11 be in default if any forfeiture • , f�,;;,,t.:,;,,;:
<br /> . a:_,.:ltii5t'!ry�',ii�. ,. '`�c;5 .�.. �",��:t:�
<br /> �.,-.,-. ,�,�;,,.,.,, ' action or prooeeding.w he t her civi l or cririu n a l�is be g u n t h a t i n L e n d e r s g o o d f a�t h j�,�r.�:a t c o u l d r e s u t t i n f o r f e i t ur e of the ;�,,u�r;�•
<br /> - ...`:�3��!,:: : ; .� .. praperty or otherwise materially impair tlie Iiea�ed by this Security Inste,�:i�ent or f�ir;a's seci,-sity intetest. Borrower may ' . ,.����'
<br />- �..; .. .cure such a default es;�reinstate,as provided irr�:sagraph.18.by causing tl�action or proceeding ta t�dismissed with a ruling
<br /> ,,.;,
<br /> ''�i'' � ' that. In Lender's�r.nr►d faith determination. prectudes forfeiture of the Bazrower's interest in the ihvperty or other material . . _ _
<br /> ••;{;}.s,,�.,�.. .. .
<br />_ �:• °,.,;,��,,�t,; . . impa�eu-�t of the Si�n cc+eated b�this Securit;v Instrument or Lender's security interest. Borrower 5'nall also be in default if
<br /> �•�;..-..i.�,�;�• �,'• 8orrav�r•.�.during the loan applir.�smr�process,gave materially false or inaccurate mformaz�a�or statements to Lender(or failed
<br /> to piovide Lender�vlth any mat,�rFal infom�ation)in conriection with the toan evidenced isy�she'Note,including.6ut nnt limited . . .
<br />-�� �` " �� to,representations concermag Bcr�vw�r's occupancy of the Property as a principal residence.lf.this Security Inspumr.nt is on a . , , .
<br />_'` � leasehold. Boaoaer shall comp,ly with all cit��rovisions of the lease. If Borrower acquires fee titic to the Property. the
<br /> , �:�.•.,,.. .: , , ,
<br /> . :,:'.�;" teasehoid and the fee titte shall not merge unles�L•ender agrees to the mergcr iu writing. � , •:,�',:
<br /> �:rr':, •° � ' 7.Ptutedion oi I.ender's Ri�ts in the L�oPe*is•if Borrower fails ta�erfonn tt�e mvenanu ar�f agreements wntained in . - • ,
<br /> ::�, ,;. � .�'.�� � this Security Insttument.or there is a legal prooeeding that may significantly affect lxadLyc s rights in the Proyerty(such as a .
<br />_ :• ' pmceeding in bankrupuy.probate..for condemnation or forfeiture or to enforce laws ov r�a lations),then[.emder may do and
<br />- ''��:`.:°';',...�: :_. ;. pay for whatever is aer.essary to protect the value of the Property and I.ender's rights in the Property. Lender's actions may , ..•..
<br /> ! ` 'ircclade paying any sums s�ured by a liea which has priority over this Securiry lnstntment. appeanng m Court, payina . 3•. ., -
<br /> ` �,r.�=�-'.^��'� , rcasonabk attomeys'fees and eatering on fthe Property to make tepairs.Aithou�h Lender may take acuon ander this paragraph , '�
<br /> �• , T.Ixnder daes Aot have to do so. �
<br /> • � • � ` � Anq amounts disbursed by L.euder u�er this patagtaph 7 shall.become additIonal debt of Borrower secured by this _ • • ,
<br />- •• ' Securiry tnstrument. lJnless Botrower and I.ender agree w other tem�s of payment.these amounts shall bear interest from the • .
<br /> �'�-��__-���"�s-•*� �dat�of disbursemsat at the Note rate and shall be payable. wit?o inierest, upon norice from Leader to Borrower mquesting�.
<br /> � � .. � payment. .
<br /> S.Mortg�age lnsurunce.If Lender required mortgage itisurance as a condition of making the loan secured by this Securiry •�.
<br /> � ' . Instrument. Borrower shalt pay tRe�premiums reqv�red to mnintain the mortgage insurattc�in effect. If. for any reason, the . . .
<br /> .� �. � � • tnortgage insurance coverage requited by Lender lupses or ceases to be in effect.Borrower shall pay the premiums required to .
<br /> � obtain coverage subsU►ntially equ�valent to the mortgage insarance pfeviously in effect.at a mst substantially equivalent to the .
<br /> `� - _:.' cost tq Bvrmw�r nf the mortgage insutantse previohsly�n eFfect,from an altemate mortgage insurer nppmv�d by I.ender. if
<br /> ���,� ' ..... . • ' .. :,
<br /> ,.' .� . - • . vago s ot� Form 8028 8/90
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