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<br /> . . . �. _ 'w�t . __..__ .,,.°——_
<br /> �.. :�>KN�et.s.� s. � , . • • � ='"..3.T�'���1�.�.�..'�."�"� •�'s_^^__.�-r_--+-- . -. -_ _,.�,���_..�_..._ _._�__...�.."_—
<br /> _.,...�_�.. ..) �'i�u�-'°��c.d.�-w3i'rc�6a.�nc.�...'�' y°w°�w�as°"=°-- --- ��--- -- - ' _---.�.
<br />-_ -__-__ "'"-'�y:i . ' - -_"- ___ - _- --_
<br /> :S3 �.l .!" `" � � ��
<br />-! .. 'C ��Ti��liROY[) Y . , '�T � .�r.4.
<br /> fiic !'ur�l. s�i�ll i�c I�_;�Id an n�i i��stitutiou wtwr.c dcj�usps aia iusu�Cd Foy .� Pc e���l aRency, in>s�iu��icnt�:l(�y. nr r��tity �r � -
<br /> �� (incluJin� I.tndcr, lF I.L:I7(IC['19 6UCI1 QIl U1S41IUl1011)GY IIl Cllly I7CLI4'I'1I}�Ol11C I.O�Ll I'�anlc.L.s:r.dcr sh.�ll npply tiic 1'unds to pay�hc `.• _==
<br />- L�crow Itecou. Lentic�rn�y not cliat��;c�areowcr for holding und upplying thc Funds,annucdly�ialyziny thc cscrow�ccouut,or ,�,�;__-�_�-�
<br /> � .�;, , ;�;�i;r vc��lfying thc E�crow Itcros, unless Lcndei•pays Borr��vcr lnterest on the Funds and npplicable Inw pennits Lendcr ta makc such 6� �-�--°-----
<br />__�.,��,. �� , a chargc. 43o��ever. I.c�idcr m�y rcquire Barrowcr to payl tf onc-time charge for au independcnt rcal cstntc tax rcpoiting service ���-:;._.�.�.
<br /> —= --- uscd by [.ender 1n conntctian with this tonn, unles9 applicable Inw provides otherwise. Unless nn agr�ement is mad� or
<br />��4"`��'"•� npplicnble luw requires inter..st to be paid.Irnder shall not be reqaired tn p�y Borroa�cr uny interest or eumings on the Fun�s. - -
<br /> 1 ..._ �__:... :...... . l_(i t��4}.__�-__.
<br /> - tlurruw��amd L.e;ndei�muy t.grc in wrtting,ho�vever. that intere.5t shf►I!be paiei oj�the runds. L.er.dcr sl�all give to�arrowcr. '°
<br /> --��{----- wlthout char6c. nn nnnunl¢ccounting uf the Funds. showin� crc,�lits nnc�debits ta the Funds and the�urposc for which �ach
<br /> -'`"'�����j`' debit to the Pu�ids was rnade.The Funds nre pledged ns udditional securiry for al!sums secured by this Security Insnumenc. --
<br />-i.:Y�� .. " .`"
<br />``'��-'`� ""�«� If die Funds held by Lender exceed the amounts permttted to he held by npplicuble iaw, L.ender shull accoun�to Bormwer ------—
<br /> �''�"`"''`'"�'�5' for the excess Funds in accordance with the requirements of applicable lnw. If the nmount of the Funds held by Lender at any ___
<br /> Y�.::Nf,:��`rrc'. �•�v, •_s' __��— .
<br /> _ . _ time is not sufficicnt to pny the Fscrow Items when due,I.ender may so notify�onower in writing. and.in such case Borrower �_,,,�_.___
<br />:.c�:•_..:;_.:. ,•'.:'_�.a' shnll pay w l.�:nder the amount necessary to make up the deficiency. Bono�ver shnfl muke up the deficiency in no more thun �'=��___=~�=-
<br /> �,� � ` twclvo monthly paymcnts,at Lcndcr's solc discretion �'= -_ - - _�--
<br />' ,�_ti:;;.'�,. ' '?'�:yG�;; Upon payment in full of all su�ns secured by this Security Instrument, I.ender shaJl promptly refund ro Borrower any � --
<br /> �,._,--
<br /> , e����.���;���---
<br /> .�•i� . ; Funds held by Lender. If,under paragraph 21, I.ender shall a�quire or sell the Property,l.ender,prior to the acquisition or sale ...;,Y.,,-.___�_ -��
<br /> �.�••.t.�+�;�:��-...
<br /> � ' of the Property, shall npply any Funds held by Lender at the time of acquisition or sale as a credit against the sums secured by : �,r,,,v�__.
<br />-.�� .. . , . � this Security Instmment. j?�����"-='"`�.`
<br />- ' ' 3.A lieatlun of Pu ments.Unless a licable law rovides otherwise,al l a ments received b L.ender under 3m rn hs �' 1�=;- =-
<br /> PP 9 PP P P Y Y P� S P •"k ---
<br /> , �� ri:,,,..�-.
<br /> '�:�. . . , �+• 1 and 2 shall be applled:first,to sny prepayment charges duc under the Note; second,to amounts payable under paragrxph 2: , �•r��:c..----
<br /> •�a�`r���.,.,o..._..
<br /> = �.°'. third.ro interest due;fourth,to principal due;and last,to nny late char�es due under the Note. :,t��.�.-�.'--_r=-°--
<br /> ' •° 4.Char�es;ri.tens.Borrower shall pay all taxes,assessmen�s,chacges,fi.nes und impositions nttributablc to the Properiv -
<br /> :,� , � � which muy attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay ,. :��,_ -
<br /> , these obli�ations in the mnnncr provided in paragraph 2,or if not paid in that manner,Bonower shall pay them on time directly �= ��yr-�__y,�.____
<br /> to the person owed payment.8orrower shall prompily fumish to Lender all notices of amounts to be paid under this paragraph. � - =�'—.��°':_'°�'
<br />_,� ' If Bono�ver makes these paymcnts direcdy,$orrower shall promptly furnish to Lender receipts evidencing the payments. . °
<br /> ' Borrower shall promptly discharge any lien which has priority over this Security Tnstrument unless Borro�ver:(a)agrees in ,` -;�;;;?_�c
<br /> writing to the payment af theobligation secured by the lien in a manner acceptable ro Lender;(b)contests in good faith the lien -•�--�--
<br /> ' b , or defends u ainst enforcement of the lien in, le al roceedin s which in the Lender's o inion o erate to revent the ' ��°-�._.
<br /> Y S G P S P P P . - ,:
<br /> , . enforcement of the lien;or�c1 secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to ;;:�,�-�_i-"
<br /> this Securiry Instrument.If Lender determines that any part of the Property is subjc:ct to a lien which may attain priority over ,. .�:��°_`
<br /> :�,..��
<br /> �� this Security Instrument,Lender may give Borrower a notice identifying the lien. Barrower shall satisfy the lien or take one or •.:.��___ '
<br /> more of the uctions set forth above within 10 days of che giving of notice. , ;,�;f �
<br /> ' S. Hazard or Property Insururtce. Bonower shall Iceep the improvements now cxisting or hereafter erected on the -
<br /> • rroperty insured against loss uy nre, nazaras inciuded witnin the term "ex[ended coverage" and any otner 6au�rds, inciudin�; .. y� - __
<br /> floods or flcwding. for which Lender requires insurance. This insurance shall be mainteined in the amoums and for the periods ' �.i�*y . �1'�=-.
<br /> that I.ender requires.The insurancc carrier providing the insurance shaU be chosen by Borrower subject to Lender's approval •
<br /> ' which shall not 6e uneeasonably witl�held. If Borrower fails to mnintain coverage descriUed above. L,ender may, at Lender's k; __
<br /> . . . ' option,obtain cuverage to protect I.ender's ri�hts in tl�e Property in accordance with paragraph 7. ,
<br /> All insurance policies and renewals shull be ucceptable to Lender and shall include a standard mangAge clause. Lender ?•��r �. "
<br /> shall have the right to hold ihe policies and renewuls. If I.cndcr requires, Borrower shall promptly give to Lender all receipts of ;;�;.r
<br /> paid premiums and renewal notices. In the event of loss, Borrower shall give prompt no[ice to[he insurance carcier and Lender. i�'�
<br /> `� ' Lender may make proof of loss if not made prompdy by Borrower. � �����Y�
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be upplied to restoration or repair of the �% , �
<br /> Property damaged, if the restoration or repair is economically fe�3sible and Lender's security is not Icssened. If the restoration or • "� '
<br /> repair is not economically feasible or Lender's security would be lessened, the insurance proceecls shall be appliecl to the sums � �;;!��,
<br /> secured by this Security Instmrnent, whether or not then due, with any excess paid to Borrower. If Borrower ubandons the �� . ;� , ,. �
<br /> Propeny, or does not answer within 30 days a notice from Lender that the insurance carrier has affered ro seUle a claim, then �''�n • �
<br /> Lender may collect the insurance proeeeds. Lender may use ttie proceeds to repair or restore the Property or to pay sums -��':�• �� •
<br /> . _...--- _:
<br /> , secured by this Security Instrument, whether or not then due. The 30-day periad will begin when the notice is given. � , . �� .,,�
<br /> Unless Lender nnd Borrower otherv�ise agree in writing, any application of proceeds to principal shall not extend or ��= ,
<br /> postpone the duc date of the monthly payments refened to in parngraphs I anJ 2 or change the amount of thc paynicnts. If ' � y��� ;;�`..°"
<br /> � under paragraph 21 the Property is acquired by Lender, Borrower's right to any insurance polirics and praceeds resulting from .
<br /> damage to the Propeny prior to the acyuisition shall pass to L.ender to the extent of the sums secureci by this Security Instrument '�s; • �`�-�
<br /> immediately prior to the acquisition. � r ';' ` `
<br /> 6.Occupancy,P reservatlon,Ma intennnce an d P rotec t ion o f t he P rope r ty; Borrower's Loan App l icu t lon;Lease ho l ds. - . �
<br /> Borrower shall o:cupy. esta6lish,and use the Property as Borrower's principal residence within sixty days ufter the execution of �`'
<br /> ' this Securit Instrument und shall continue to cxcu the Pro en as Borrower's rinci al residence fc�r at la�st one ear after '
<br /> Y PY P Y P P' Y - � C . �.
<br /> • the date of occupancy, unless Lender othenvise agrees in writing, which consent shall not be unreasonably withhelJ, or unless �'�:
<br /> � extenuating circumstances exist which are beyond Borrower's rontrol. Borrower shall not destroy, damage or impair the „ �S� '
<br /> � , Property, allow the Property to deteriorate. or cornmit waste on the Property Borrowcr shall bc in dcfault if any forfeiturc
<br /> ,� action or proceeding,whether civil or criminal,is begun that in Lender's good fuith jud�ment could result in forfeiture of the . �
<br /> � Property or otherwise rnaterially impair the lien creuted by this Security Instrurnent or L.ender's�ecurity interest. Borrow�r muy � �'
<br /> , cure such u default and reinstate,as provided in paragraph 18,by causing the aclion or proceeding to be dismissed with a ruling . �':�
<br /> • that, in Lender's �ood faith determination, precludes fortciture of the Borrowcr's intcrest in the Property or othcr matcriul � `-�+�
<br /> � impairment of the lien created by this Security Instrument or Lend�r's sccurity intcrest. Borrower sh:�ll also bc in default if ,�i ,
<br /> . ! Borrower,during the loan application proccss,gave materially false or inaccurate information or statements to[_ender(or failed �'�
<br /> ' to provide Lender with eny material information)in connection with the loan cvidenced by the Note.i�uluding, hut not limited � .
<br /> • ' to, representations roncern�ng Borrower's uccupancy of the Property u�u principal residence. If this Security fnstrument is on a
<br /> '� leasehold, Borrower shull comply with all the provisions of the I�ase. If Borcvwcr acquires f'ec titic to the Property, the ���� �
<br /> Icasehold�nd the fee titic shall not merge unless Lcnder agrces to the merger in +vriting.
<br /> � 7.Protection of Lender's Rl�hts in the Property.If Borrower fails to perform the covenants and agrecments containcd in :�'►%
<br /> " this Securiry [nstntment,or Ihere is a legal proce.�eding that may signifieantly affect i,ender's rights in the Propeny (such as u e� '
<br /> _____ _ ' -____ nroceedins in bw�kniptcy, probate, for condemnation or forfeiturc or to enforce I:�ws or regulations), then Lender may do and L _ "
<br /> — -• �,.�.
<br /> ---- - _ - - - - ---- -�--- -�- -
<br /> • pay for whatever is necessary to protect the valuc of the Property and Lender's rights in the Property. Lender's actions may r" �'�-
<br /> � include paying any sums secured hy a lien whieh htts�prinrity nver this Sceurity Instrument, appcarin� in court, paying � �•
<br /> � reasonable attorneys'fus and entering on the Property to make repairs. Although Lcnder may take acr ion under this paragraph I �
<br /> 7,Lender does not have to do so. I
<br /> -. ' , Any amounts disbursed by Lender under this paragruph 7 shull becume additional debt of Bc�rcuwer sccurcd by Aiiti i y�
<br /> � � Securiry Instrumcnt. Unlcss Barrower and LenJer agrcc ta cuher tcmis cif paymcnt, thesc amounts shull bcar intcrest trom thc �
<br /> datc of disbursement at the Notc ratc �nd shall hc payablc, with intcrest, upon ninice from Lcnder to Borrrnscr rcquc.ting � t � , �
<br /> �� paymcnt. � '
<br /> 8. Mart�vge Inau�Ymce.If Lcndrr rcyuired m�rrtguge insurunce as a rondiiiun of msking the loan ,erured by thi,Scrurity
<br /> Instrument. 8orrowcr shall p:ry thc prcmiums re�auircd ta muintuin thc mort�agc insuranrc �n cf'fcrt. II, litt any rcason, the �
<br /> ' • mi�rtgagc insurancc covctu�c rcyuircd by fa;ndcr I:�pscs ur rr,ases to bc in cffcci, Dorrowcr sh:�ll pay thc premiums rryuind to �
<br /> obtuin covcrage substa�tiall}cquivalcnt t�i thc mortgage insurancc proviuusly in effcct. ut a rust tiuhstantially ryuival�nt tu tttc I � 1
<br /> ` . • rost to Bormwcr of thc mang.�gc insurancc previiiusly in cffect, frum an alecmate mortEagc in�urcr appruvcd by l.cndcr. If'
<br /> . �I
<br /> �' �:� �.
<br /> _ • . NaUO s oi a Form 3028 9190 I I
<br /> �� . 1 � �
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