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<br /> � ��-�� �� :. 'rit¢Fui�s rhall�e i�erd�,ui an inssttut��n a; :,. :� �� ' . � - ---- - .
<br /> _. .� ° � tirtstudin�Gcnetrr.jf f�nQcr is s�ctr are i�stitution�or��any�ecle�!€uma J.na��ank.l.csui�r shald aAp1Y the�tt. r.��y ih� - =-- v_� _
<br /> � � � � �s�row ltrms. Lendtir ma�not ctuuge�orrowes for holc�n��td,agplyen�thc�uccQs.gnnttafly atrs►t�rzing thc esccaw�."cr.utt�.or - --
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<br /> -- ���.� : ve�ify:tng th�Escr�cv i�m�.uhless t.cndat Qsy's ITorrowcr int�s�st on ti�C �n�s asd agpIicabI�[u�v pen�its Lend;er ta.��.�c s;u«f� ---
<br /> -�_-`=�"����. .a cl�sga: tic�evcr<I.���r nray r��ira Iic�rrowcr o p�►u nn�tim:c�rge for un In�+e�nd_nt ceal estnte t�ax m�orti�;s�n+�a: m_=-- -
<br /> ��, ' a��bq L�end�e in can�txti�n witt�thts toau. �css ayplica5le tacv provides ott�rwise: ilntess an�t is:;x��ar
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<br /> �t�,� --, < ' , appllr�bfe law requIres 3�crest to bc,#�a3d.l.ends�s�tall aot b3 rcquired to pay Baaower any intcr�st or ea�nings oa tFte Fttt� . , - -
<br /> r� �;:- � ° Borrawer�nd�.endc�'xnay�tae in�snffrsg,`huwever.that inte[est sit�ll be paia!on the Fwads. LeadBr shaU give to 8a.rr4rre�,
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<br /> , �;,�� �,�,��'`' wh}iuut.eharge,an annuat stcsouRdag of tRe Fu�tds�sAowing cr�dits a�:d debit�to the Funzis a��rf�purpose for cvaic�east.� � _ -__
<br /> �� °��•�.•'� , debit to che Funds cv�,s rriade.Td�e Fun�s are pledged as ar2d.itional s�curiry for al l sums�cxared by this Serurity Insmim:n3. • � ,_
<br /> �`. ^ �ender shali ac�uni ta$osm���r �,;���� �-�. -
<br /> _ ; it the Fuctds held by txr�cr 2xceed the amniu�s perm�tted ea QE held by applicabte lmv, s�- --
<br /> _ _ �`�° � . for the exce�s Faads in arrordance i*mf:the m�uireu�ents o€a�piica�st2 iaw. If tl�am�of the.Fnn�s.�by.1�t�rzt�s}r _. , _ _
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<br /> r tim�is t�ot sufficieni t4 pay the�aow Items whep due,Lender may sfl nntify Bomower in u+riting.aad.in such ps�.B�rcaw�r � , Y r ���.� _
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<br /> �.,, shatt pay to Lend;�r d�auiouni necessary.to make up the de�ciency. Bormwer sF�ali m�se up the defic�ensY in na mos�thAa �.`��,.��__,�--
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<br /> � .'Af ' � 4 � � ' twelve�na�stltiy,�aymen�s.at L•ender's sole disrretion. x�--*��'-� "= -
<br /> �-yr` ' :� ' . Ugan payment in fisl�of all saims�by Wis Security Iassrament, p.ende,r.shall.pro�mpdy n�iwd to Boreower any �x����,...,,,�.
<br /> y�`,;w,�� IIi.S :_
<br /> �� � . �._ .-. . . �F�ds heid by Lender.If,ander paragYaplt 21,1xnder shall arquire ar sel�the Property,Lende;,pIIOr w the aAquisition�r sale ���,�s°
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<br /> �.�Y•`,.1;; 4:_� � � of the 1'roperty;shai�apP1Y any Fuads hetd!sy Lend�r at the time of acquisition or sale as a cre,ciit against the sums�6y . � �.�+ � _ -_
<br /> f,`� ` �;. ° :;- this�'sec�eiry Inshu�teni. � � 6 � _-_
<br /> �, , 3.Ap�tTicatiaw oi Fa�esEs.UNess applisa6le taw provides oWeRwise,all payments received by Leuder ande€paragraphs , k � f .
<br /> t.. �.� .' , t and 2 si�al2 be applied:fust,to anY'P�Payment charge.g due under the I�Iote• second�w amauuLs payable undee pzr�g�aglt 2;, :� �,_
<br /> ` •. .',: . third,to interest due•fnnrth.to piincipal du,e:and Ia�i..to any late charges�ander the Note. ,:;`.;� �. --
<br /> { :�°. :'`�:* iaons amibutable to th�P�rty ��, -- -
<br /> -ti - • a.CHargeS;Ltens.Borrogrer shall gay all taxes,assessm�nts.charges.fines and impas'' --
<br /> -; � , , � ���Y�a Pn�rity over tI�is Security��trwaent,.and leasehold payment$or grouad cents. if any►_Burrowes shall PaY ---
<br /> _-' ��'�. .~ the.se obligatidns in the ma�mer proveded in garagraph 2,or if not paid in that manar:r,Botrower sha11 pay them on tin�t�.dite�tfy ' ;1 , -
<br /> `. ` � fl fumish to Lender all notices of amounts to 6e paid under tIva paragraph. � . '�`:-x•r�' -.T
<br /> ��"L?�. ,to the on awed paymcni.Borrower sha�l PTOmF Y : ; .
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<br /> If Barmwer ma[ces these payment,s directly,Rorrower shaU promAtly fumish to Lendet rec,eipt�evidencing the payn�n�,s. � ' � �.�: _
<br /> ' r', • •. Borm�ver shall PrompflY disd�sge gny tien whieh has priority ove�th'ss Seca�rity Instrnnte�t unless Basmwer.(a)2sg�s irr :��,�,�e`�-":
<br /> �o • �. _ � ._.vnrting to ttte payment of the obliga€ion secared by the lien in a manaer accePtable w L,ende_r.(b)�cantests.ia 8�d€aith t8e lien ' � ,.�.,�,,,..-
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<br /> .�': �,• : ' bY,.ar defends against enforrement of the lien in, Iegalproceedings which in the].ender's opmion apeiate io p�evea��the_.__. _."_ : r• .:, C ,,,,,-
<br /> �;��:'.•.�' ' '��"�°��?� ef�farcement af�ee lien;br(c)sec�ues from the hoider of the lien an agreemem sat�sfactory to Leuder subo�dinating the lien to • .s .`. .. , �, _�--
<br /> `k� this Security Insuumen�If Lender detennines that aay part of the Property is subjeCt to a lien which may attain preority over • ,; -
<br /> �` this Suuritp Insuvment,Lender may give Bormwer a notioe identifying the lien.Borrower shail satisfy the liea or take one or ' �•�
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<br />— � .. . , = r� ' inore uf[he actions set farth above wittin 1�d�ys of the giving of aouce. - -- - _. . -�,�,°.
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<br /> �;��,<:•�,. 5.. Hazadd or Properiy Insmanse. Borrowei §hall keep the improvem�nu now exisung or-hereafter erecied on the • : ; :*'
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<br /> .';:� ' Pro�serty insured.�Sainst lu�s by fire.hazards included,withia the term"extended coverage"and any other hazaids,including ...
<br /> = � � � floads or f2oading,for whidi.Lender reqnires insurance.'i'his insuraace shal!be ma;,,a;n�in the amounts and far the periads ;'r.:.'���.,��A �
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<br /> -- ,:.�...:.;y,'`����.': that Lencisi requires.T6e.i��,��ce carrc�r prpviding the msuranoa shaU be ctiosen by Borro�ver sublect W Lendes's appmval . :
<br />-= : : ` which st�a11:uutbe unreasonably�vithheid.If Bortower faits io maiusain caverage described above, Leader may.at Lender's � ,.'
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<br /> option,obtQf�.average to prntect Lendsr'�rights in the_Property in a�ocordance with paragraph 7. . ;.;.:�'�. � �"
<br /> ' ' AlI insi:ranse policces ared renewals shall be ac�ta��e co,Le�sder and shall include a st�a�mortgabe clause. Lender . � •;;.�
<br /> �' � ", " .�� shall•6ave the right to hoid the policies and renewals.IE I:�dei requires.Borrotiver shall promptty give to Lewder all rezeipu of : .
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<br /> r:.•;<�;k• ��,. . •;;;;,;.". � paid pnemiums and i�eiiewal notices.In the event af loss.L�orrower shall give pmmpt notice to the�:�surance ruries and I.ender. : ' . ���. Y
<br /> ����� ;, �T K k�, l.eader may make proof of loss if aoi mste promptly by BoIrower. �+ ;
<br /> lTnless Le�tder and Borrower otherwise agree in wridng,Insuraace proceeds shall be apgtiid to mtoratioa or repair of the �„��' ;`
<br /> ' �'�''� d a m a e d.i f t h e r e s t o r a t i o n o r r e p a i r i s e c o n o m i c a U y f e a s i b 1 e a n d Lendet's sauri t y is.�t lessened.If the restoration or . � y'�i.��
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<br /> ��' � � r�i�s not ecgonomiqlly feasibte or Lender's security would be tessened.the insurunce pmceeds shall be applie�to tlte sums . �':'`� �� '':
<br /> � �'�'�' �'�� '� secured by this Secvrity Insttr�rnent,.whether or not then due. with any exc�ess ga*.�3 to Borrower. If Borrower aisandons the � , . :: .'.� ;�,. ' .
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<br /> �..; ,• ':•'��:.` : .�;�;,;:,;:: Property,or does not ansR��?it9in 30 days a nouce from Lender that the insura���rrier has offered to settic a claim.then ; ,. '.. �•F,. :�
<br /> �.,� .<c�':;'�; Lender may oollect the insUr�eB P�. �nder may use the proceeds to repair ar restes:�the Progerty or to pay sums � � 'r----
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<br /> ,, •,�,., . secureS by this Security Insttument.Ri�or not then duc.The 30-day periad will hegin w��the notice is given. .; `;�,�:f� .�,,u
<br /> Unless P�.,�der and Borcowgr atftt�ise agree in writing, any apPlication of proceeds to principal shall not ext�or : ;�;,;,,�T;�• �; .;
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<br /> ��-�`��'' ' '.''•�•��� ' Qostpone the.due date of the modltly paymenu referted to in paragraphs L and,2 or change the amount of the paymen�s. If
<br /> `-'�.;_: �' � ' � tutder Qaragraph 21 the Property is acquired'by LxadeF_�arrower's right to any insurance policies and prooeeds resulting from . .� ., �
<br /> i�i�iF'.;'� •Q••••.. _ : 'f. � , ..
<br /> +��i�;t�•... ... •., damage to the Praperty priur to the acquisition shall pr�s to Lender to the eatent af t�e sums sezured by this S�urity Instmmem ` ':�: ;:
<br /> . , . ' . . immediately prior to the acquisition. ` ' : j':..-
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<br /> • , 6.O o c a p a a c y.P t w s e r v a t�o n,M a t a t c�i u c e a n d P r a t e c t i o n o f t h e P r+u p e ri y:8 o r s o��'s i�pan A p p l iration,3.easehoids. �• �, .. .��;� :;
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<br /> �• '�:_„ ' � Bormwer shal!occvpy,estahlisb.attd u�e_ciir�Property as Borrower s principal tesidence withi�.sixty days after the executiun of ,; � ; •. �, ,:
<br /> . �� this 5ecuriry Iastrument an d s h a l l con t i��e to occu p y t h e P r o p e r ty a s B o n o w e r's p r i n c i p a l r e s i d e n c e f o r a t l e a s t o a e y e a r a f t e r ,,,,•; ..., t- `� ;.. . ;. . ,
<br /> '� �.�if^;��` ��� ". t t te d a te o f o c c u p a n c y.�u a i�s L e n d e r o t t i e n v i s e�a g r�,s i n w ri t i n g.w hi c h c onsent shall not be unreasonabl y withheld.or unless ;;*':. .., , .
<br /> ,���;:�, ''•• extenuatin� cirCUmstan� eacst whic6•zae beyoad. �orrower's control. Borrou•er shall not destroy, damage or impair the '�... '� , .
<br /> '�' . .;.:,. � Properiy. aliaw tfie Property to deteriar,st�.ar coatmit waste on the Property. Borrower shall be in default if any forfeiture , �
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<br /> aetion or pr�9ing, wfiether civil or cr,im.inal. is b�gun that in Lender s gvod faith judgrr.eat wuld result in fotfeiture of the �. . ;.,,,,:• ;
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<br /> ;: � . property ar ac�arwise materially impair rl�lien creat:�by this Security Instrument or Lender's securi �nterest.Borrower may r•`.%';"^•�'
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<br /> �� cut�e such a defauit and teinstate.as pro�-i¢ed in parn,,.�h 18.by causing the action or proceeding to be d�smissed with a ruling „• ;`::i1;;�«�;i;�, ,: _
<br /> � .:' "'.. �' . that.in Lender s good faith detemunation..Precludcs forfeiture of the Borrawec's interest in the Property or other materiai _ __..::�;,.;,�;�-.�t;�. r,., .;
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<br /> - • • ' impaitment of the lien created by this 3eauiry Insuvment or Lender s seturity eaterest. Borrower shall also be in default if
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<br /> ' � Borrowet.during the loan applirat�on pca�ess.gave materially false or inaccurate infom�ation or statements to Lender(ar failed t .''...,�; . . • . :
<br /> �� to provide L�nder with any material infor�ion)in wnnection with We loan evideneesi by th�Note.incIuding.but not limited �'`'"'' � •
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<br /> '�� . � Yo. representations concem►ng Bomovrer's'accupancy of the 1'roperty as a prinsipal sidenoe.If this Security instnimene is on a :��• �, .
<br /> •''.,, i com I with alf ihe rovisions of the tease. If Borrower acquires fee titte to the Property. the � ��• � ��,`I • • .
<br /> leasehotd, Bormwer shal p y p -
<br /> :�'��-. . - ,. . leasehold aad the foe title shall not merge.unless l,ender agrees to the merger in writin�. ' . . .
<br /> 'Yii:°,. .,��'�• 7.Ptotec�toA of I.cndea�s Rigbts t�the Ptoperty.If Borrower fails to perform the covenants and agree�a�nts contained in - : ,.,
<br /> �i}�'yw. , . � ' . .
<br /> �:;_••• .,, � . � this Secvriry Insmunent,or there is a legat proceeding that may significantly uffect Lender's rights in the Property(such as a
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<br /> :���,_��,� . .�><;: proceeding in bankruptcy.probate. for candemnation or forfeiture or to enforce laws or regulations),then Lender may do stad , . •
<br /> •�•-_ �:- �ay for whatever is necessary to pmtect the valtte of the.Propc�tty and Leadet's rights in the Property. Lender's acuons may � . .
<br /> �%��`'�'� %��^ �.�, mclude paying any sum,s s�ured,by a lien which has priority over this Securiry Instrument. appeuring in wurt. paying . . . .
<br /> :��.'-`'',.:.�•c•.� •. . _ _ . _.
<br /> . , reasonable attomeys fees and entering otrthe Propetty to m3ke repai�s.Although Lcnder may tuke action under this paragraph
<br /> !! � 7.Lenderdoes not have co do so. �
<br /> ����`1 ' ... Any amounts disbursed by [.eader under this yaragraph 7 shait become s�ditional debt of Borrowe� secvred by this „ .
<br /> � ; �. • ` Secvricy Instnunent. UnteSs.Bnnower and Lender agree to ather tenns of payment,these a�unts shaU bear interest from the . .
<br /> date of disbiusement ttt the Note cate and shali 6e payable. with interest. upon notice from Lender to Bocrower requesting
<br /> :: ; ; .,'��. pagrment. � . .
<br /> • . S.Nlottgage Insusnnoe If Leitder requited criortgage insuraaoe as o oondition of making the loan secured by this Seeurity , ..
<br /> �, ;. �� •� . Instmment. �orrowes shalt p�y the premiums required to mainutin tlte mortgage insurance m effect. If. for any rcason. the . ,
<br /> • , .,, .' . � - mnrtgage insulanr.�coverage mquimd by Lender lapses or ceases to 6e in effect.$oirawer sY�li pay the premiums required to . �
<br /> . ;• ots�ain qoverage sabsiantially eqttivalent to the mort�e insursu�e previously in effect.at a wst substanri�lly equiv�lent to the , .
<br /> � -. ' --- ca�.ic�iiarrarxr isF she maztgsF,e-ia,susanx Fr�iQUSty i�r affect.fmm.an:►Itemate mart_age.instuer approved by Lender:If • - -
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<br /> „ • • � . vaQo a nf s Form 3028 9I90 '.
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