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<br /> �' ��� ���� ��Tf.c t:'r:tz'�};:'.S --
<br /> �..
<br /> ral enc , instrum�ntality. or entity "'�'�''''' � '��°"�
<br /> The Fund� �hall be held in an institution whose depasits are insured by a fede ag y � • t��a ' '
<br /> ,���:,.,:�.,. ,�
<br /> (includinD Lendcr.if Lender is such an instituhon)��r in xny Federal Home Los�n Bank•Le�der shall apply the Funds[o pay the �:;res:a;�_=�?�
<br /> •� Escrow [tems. Ler�der may not charge Borrower for holding und applying the Funds, annually analyzing the escro�v account,or _ _:�..�_..:. _
<br /> /$ 3•erifying the Facraw ltems,unle,•Lender pays Borroa•er interc�t on the Funds and applicabie law permi[�Lender to make�uch �-•V��•�__r-:��--�"--.•_
<br /> ` `�� a charge. However. [.c;nder may require Borrower eo pay a one-time charge for an indepe�eat real estate tsx reporting �ervice ::,",:�y,;';:;;�;:Y;t:.;T _
<br /> used by Lender in c�nnection with this toan. unlesy applicable law provides othenvi+e. Unless an agrcement is madQ ur ;.;,,,,,, �• ._ �.�„_
<br /> ,`i• appli�ble law reqwnzs intereat to be paid. Lender shall nut be required to pay Borroa•er any interest or earnings an the Funds. -� �r:-�:r_ �
<br /> Borrower and Leceder may agree in�vriting. hnwever, that ittterest shall be paid on the Funds. Lender sha11 give to Barmwer. . ., ,•., �.
<br /> '�'-r without charge, an annual aecounting uf the �unds, showing credits and debits[o [he Funds an d t he putpose for which�ch ��`:3 . ;,.� _
<br />'•F� debit to[he Fu�ed�«as made. The Funds an:pled€ed as additianal security for all sums secured by this S�.�uriiy Instniment. �. r �
<br /> � If the Funds held by Lender exceed the amounts permitted to be held by applicable law.Lender�hall accewni to Botrower ,�
<br /> �', Cur the exc�s Funds in accordance with the requirements of applicable law. if the amount of the Funds held by Lender at any _'..r i,; , 4,;a,,
<br /> tin�is cot s�ffceient ta pa}•the Escrow Items when due,I.ender may so notify Borroa�er in writing,and,in such case Be�rrower _ ; -
<br /> :.ke shall pay w Leader the amount necessary to make up tf�e defeciency. BoROwer shall make up the deficiency in no more thaa �;_��. -
<br /> ._�, , .... . ._-.-
<br /> twtive manthl}•payments,at Lender'�sole aiscretion. � k
<br /> Unon payment in fuU of all sums secured by this Sea:u�ity Instrusnent. I.ender chall prom�dy refund to Borrower any __• __,;,�_:;�.
<br /> .�` Fuads heid by Lender.Zf,under paragraph 2S.Leader shall acquire or sel!the Property.Lender, prior[o the acquisidon or sale ;_:�s.�•�':_;;;.rs_�;,,, •;''
<br /> T�;. _.
<br /> ~,�;? of the Propeny. sfiall apply any Funds heid by Lender at the time of acquisition or sale as a credit against the sums see�ued by ;__ +
<br /> :�t this Security lnsmiment. ;� .`�'�4 �.
<br /> ,:';i 3.Appl3cation of Paymectts.Unless applicable law provides other�vise.all paymenG�received by Ixnder under paragraphs E r�r,cww,��_'"F
<br /> '•y', 1 and 2 shal!be applied: fir�t. to any prepayment chazges due under the Note:second,to :unountx payahte ander paragraph 2: « _ -
<br /> third,tu interest Jce:fourth,ro prir.ctpal due:and last, to any late charges due under the Note. �'_
<br /> _��; 4, (;harges; Ldytts. Borrower Shall pay all taxes, assessments,charges, tines and impositions attributable to the Property �'�-=�'°°'" —_-
<br /> �tts
<br /> which may attain priority ��ver this Security Instrument.and leasehold payments or ground rents, it'any. Borrvwer shall pay —�_.�� __
<br /> ;c�`. theaz obligarions in t�se martn:r pn���ided in paragraph 2,or if not paid in that manner.Borro�ver st�11 pay them on time directly , y
<br /> to the person o�ced p:��rrtent_L��:rower shall promptly fumish to Lender all notices of amounts to be pa�d under this paragraph_ �� �
<br /> �' If Borrower makes titc.�e payirents direcdy.Borrower shall promptly furnish to Lender receipts evidencing the payments. � a�---•- --=`==_-
<br />, �� Borrower shall pmmpity di�chazge any lien which has rion over this Securi Instrument unic:.s Borrower: 1a)agrees in '<--' �-�-���=
<br /> ;i.;. P �Y tY ��_�___�'_:-:-__.:
<br /> �• ; writin�to the paym:nt of d���_�!igauon secured by the lien en a maiu►er a�ceptable to L.ender:(b)contests in good faith ihe lien ��:�.-.��,--
<br /> ��{'", by, or defends �gainsi er.fo�?:+q'r,�nt of the {ien in, legal proccedings which in the Lender's opinion operate to prevent the � ;�➢+' �_
<br /> �•<, � -
<br /> eafomement oi rh?lirn��*��:• -t�urec from the holder of the lien an agrecment sati�fawtr�ry to[..ender subordinatircg the lien to ��_�
<br /> this Security Insirumea�t. IC i:.�a3er determines that any part of the Property is subj�t.� a lien which may attain.[.*riority over �`=_,:,-�;,�.
<br /> this Security Instrunse+st. L�a:er may give Bonower a notice identifyin,g r:;e fien. Borcawer shall satisfy the lien ar[ake ane or �=-
<br /> '�' more of the actions�it fo:tl3 ab�ve within 10 days of the giving of notio:�. _�r�r:_
<br /> �r�-:. 5. Ha�ard or Fro�' 1+�surance• Borrower shall keep the ir-grovements now ezisting or hereafter erected on the � ,�x
<br /> �k" Property insured against luss!-�: fire, hazards included �vitkiin the [erm "extended coverage"and any other h��r.irJs.including �
<br /> ;J ` �
<br /> •�• • floods or flooding, for whsc:�li�.•nder requires insurance.Ttiis insurance shall be maintained in the amounts artd�:�*r.the periods
<br /> ..;::.�. i :
<br /> that Lender requires.The ins_�r►ce camer providing the insurance s[�1!be chosen by� Borrower subjert to Ler;ri,•x's approval
<br /> = �� which shall not be urtreasonably withheld. If Borrower fails to maial.��n :overage described above. Lender:r�u.f. at l.ender's .�,'
<br /> ��r�:�-'' � .
<br /> r,.,.t, aption.obiain coverage to pmtect Lender's rights in the Property in�+:A.z!nianec With paragrapb 7•
<br />, ;���}��. All insurance pnlicies a�� renewals shall be acceptah!.e to Lender and shall include a standa,-rJ mortgage�:la:�se. Lender ` Y +� :.
<br /> ���;+ sd,il)have the right ta hold t�_(�-�icies and renewals. If L�c�t�requires.Bonower shall promptly give to Len�r•.s a�i:seceipts of �.+��!
<br /> ;���. p=*,i,:.remiums and renewzJ �:o:+a�.In the event of loss.L'rat:r:wer shall give procn�::i�uti��e to the insurance c�rrr�c�'��c�d Lender. �i�;,,_�.��-,�• , � ��
<br /> `''' i Frn�;:r may mal:e proof of�cs�:i not made promptly by Bcr.vwer_ '��i�:-'
<br /> �`%'' Unles.l�e�+•iec and Borrower otherwise pgree in wnnng.insurance rrtJCeeds sk:��be appliec!to restoration br repair of the ��t;c`:
<br /> _,.,�-. . .r:it:.
<br /> "+�� " Prepe,rty dama�ai.if the restoration or repair is eranomically feasible�ro1�..ender's security is not lessened. If the restoration or
<br /> �` r,e�r is not eronomicaUy feasible or Lendei s security would be (essened.the insurance roceeds shall be a lied to the sums �� '`
<br /> P pp � �(
<br />. �!�(�.� sQCUred by this Se�urity ►nsirument, whether or not then due. with any excess paid to Borrawer. If Barrawer ubandon�the _:�:
<br /> �• Property.or does not answer within 30 days a notice from i.ender that the insurance carrier has offered to settle a claim, then � ;�:r-.�
<br /> `''� Lender may collect the insurance Praceeds• Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Se�curity lnstrument,whether or not then due.The 3a-day period will begin when the notice is given. ���._ -
<br /> �'i.-�. Unless Lender and Borrower otherwise agree in writing, any applieation of procceds to principal shall not extend or +'. • .,:
<br /> ';Y�. ' postpone the due date of the mnnthly payments referrcd to in paragraphs 1 and 2 or change the amount of the payments. If '�: -
<br />� ,I ,� ��:r �;;°;_"',
<br /> .z��. under paragraph 21 the Prc1�:stv Ts acquired by Lender.Borrawer's right to any insuranre policies and procceds resulting from ,'�, r.���:
<br /> �� �- damage to the Property pricr ij}����e acqu�siuon shal(p�s ro Pxnder ro the extent of d�:easms secured by this Security Instrument r y�t �,°----
<br /> t����;
<br /> „ , immediately prinr to the acqwsuion. ��--=.�
<br /> <;„ ; 6.pcc�ag►a�vey.Preservation.hiaintenance and T����ia�n of tEre Properly; Borrower's Loan Appfiration;Leaseholds. ' r ���
<br /> r. , .1s�s�_'
<br /> .-u�, Bormwer shaU tx.►:�py.establish,and use the Property as ac•rrower's�nn�:ipal residence within sixty days after the eaecution r�C �rs;,,��-
<br />, this Security lnstrument and shall continue to occupy tl:C'-operty z•_ �.:rrower's principal residence for at least one year aTn�' �;'��'°�
<br /> the date of occupanry, unle��Lender othenxise agrees�sr �•,:ing, which consent shall nat be unreasonably withl;e',i. or un(�sy �.�=---
<br /> : �. ���:-�
<br /> ;j,;�.; extenuating circumstances exist which are beyond Beir'.�v er's control. Borrower shall not destroy, damage c,s inpair the �:�r
<br /> ;,�:;� Prop�ny. allo�v the Property to deterinrate. or commit�t.;��s�e on the Property. Bortower shall be in default it any forfeiture
<br /> •:�,,,. action or proceeding. whether civil ar crir.�::.al, is begun that in Lendxr's goal faith jud�ment could result in forfeiture of�he �
<br /> �.,�..
<br /> •�'!°' property or othenvise materially impair th�li�a created by this Securic_•]nstrument or L.ender's�«a�nfy interest. Borrovrer ira.p �,
<br /> ",����' cure such a default and reinstate.as pro���dui�.:paragraph IS,by causing the action or proceeding��u oe dismissed with a ruting �.e,
<br /> . f __
<br /> . ;tij�i� that, in Lcnder's goad faith dctem�in�tion. precludes fr,r'.eiture of the Borrower'�interest in the Property or other material , �?�y,-
<br /> ti+'�j f�;, impairment of the lien crrztui �sy this 5ecurity Instruna:isr or Lender's security inn:n:st. Borrower shall also he i�i default if ,;: ��•��: •
<br /> �' '�".'t ... :� ' u.:•.:
<br />`. �;'ti;,�' Borro�ver,durin�the loan app[T�::.tion proi:e..s.gave c:avcrr:�:ly false or inaccurate inG�r:ration or statements to il.rcder(or failed
<br /> �J ,� to provide Lender with any material infarmsi��n)in cor.�ection with the loan evidenced by the Note.including. but not limited - �"+
<br /> ti,�,,. i�,
<br /> '.�:,�� to.repmcentations conceming Borrower's ou.ti�pancy of the Property a.5,z principal residence. If this Security lnstrument is on 2
<br /> l��< leasehoid. Borrower shall comply with alf t:�e provisicn.s of the I�x. If Borroa•er acquires fee title to the Property, tice ;.r
<br /> i•. °;_
<br /> leasehold and the fee titic shall not merge unle.+Lendcr agr�xs to the merger in writing.
<br /> . .�'`' 7,?iot6:i:a;s vf l,ender's RiR,h�c in the Pruperlv.lC f3.�rrower fails to perform the covenants and a�reenU�us contained in .�r��....�ww.�;,,n
<br /> this Stcurity Insirument, or there is a legel proceeding ihut. may �ignificantly affect I.ender's rights in the Prnt,e:-ty Isuch as a ��_ _ ��,
<br />• proa.eding in bankruptcy, probate, for condemnation or forfeiture or to enforse la�v�i�r regulationsl, then Lender may do und _
<br /> pay for�vhatever is necessary tn protect thc value of Ihc Property and Lendcr's rightti in thc Property. Lcndcr'c actions may ,,
<br /> �'�> ` �rtclude paying any �ums +ecurcd bp a lien which has priority u�•er this Security Instrument, appearing in court. paying
<br /> reaeconable atrorneys'fees and entering on the Property to makc rcpain. Although l.ender mdy takc actiun under this paragraph �• ,
<br /> 7,Lcndcr docs not hace to do so. :_ �,'
<br /> ' Any :�mounts disbursed by L.enJer under thi� pnragraph 7 ,hall btu�me adJitiunal debt ot� Bonoaer suurcd by this
<br /> S�curity Mstrument. Unless Bnrrower and l.cndcr a�ree to othcr tcrms of p•rymcnt.thesc amounts�hal) bear interc�t from the .��'.�
<br /> dute of disbunement at the N��tc rate and �hall hr pnyable. H ith intere�t. upon notice fmm Lendcr a� Bormw�er reyue�ting ..:_..��°°�'�"'
<br /> ,' payment. "�`�a�•�ram`r"�`".
<br /> � S.111orZ£age Insurance. If Lender reyuired mort�;agr in+urance a,n conditiun nf m:iking the Ioan secured hy thi�Security ''-'•
<br /> ;...,,-__-....: :a,
<br /> ��� Instrument. Borrotiver �hall p�ay the premium.r rcyuired te+ mnintain the niortgage in�urance in effect. If, for an reas+m, the �ec '`x
<br /> v ,. . - ����`�;
<br /> � mnrtg�ge in�urance c��verage required b} Ixnder lap�c.nr ceauw t��he in effec�. Borcuwer.hall pay the prcmiuma requireJ to `'�''a'''`'�
<br /> , �,.... :.. . .
<br /> - uhtain cuverage tiubctanttally cyw�•alem tu the mortgage in.ur�nce prevwusly i� cffect. at a ca�t .ub�tantially eyuivalent u�Ihe .�+_i_,L �
<br /> ', ru.1 a, Burcowcr uf�hc mungage inwr,m�r prrvioutil} �n rtfcct. frnm an elternatc rrtun�aLe inwrer approced hy IAnder. If
<br /> � �,af�,�,.�s FOtm 3028 9�90 , . �- � -
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