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<br /> TfK Fu�xfs st►aU Me hctd in an i�utiwtiun wi�e ctr�x�cits s►re in�urc�l by a ��icr�l agciN:y�, inuruu�cntaliy. or c�uity
<br /> lin�:lwling ix�xkr,iP lA+i.trr i..u�i�;�� ic�.uituticutii ar in am•t�c:t:r,�l H�me l.oan H9nk. t.e�xler�hnl►up{�Ir il�Fwxis w p:i}•th�
<br /> EK�ow Item�. l4�xi.r nu}•rwu cli;uge E3oru�wer t:�r Iti�l�ing aixl c�lying thc f'unds. :umually a��:�1v:ini;tlx ckn�w:k���ui�1,uc
<br /> �'�r'tfying�hi Ekmu•It:�m,unles.+i.tixlrr�wy•R.��rawt�iiuc��st nn th�:I'u�xls�rxi:�pli�uhle law pennitr l.rixkr t��m.3.e w�h
<br /> u chsr�;e. Huwc�•cr, l.cixlcr i�uy reyul�� Burr��Wer ta p�y a a�x-tiroe charge fur un indcpcixk:nt rcal��ct;uc tax rc��ttii� servi�c
<br /> u�.'�l by� Le�uf�c in cwuutid��n wlth ihi�: I�►�n, unlec� opplic;�l+Ie law p����•�de� �xlk.rwise. Un1e�.c an ugr::.m.:nt is nu�l: ��r
<br /> apnlicablt I�,w reyuinr intrrc�t t��t+c(►:+id. Lc�wicr shall�xu t►c r�uiral ta p:+y tiorc.�wcr an� inG:r�at or c+arstin�::ur►the Funds.
<br /> Ci.,rr��u�r anJ Lcncicr may ngrcc in writmF. haw•e�•er. �hat inten�t .Iwii h��i3�n thc tunds. Lcmtcr>!u►1! gilo te Borm+�ec.
<br /> wittuuu rhar�e, au wmual aa•ounting rf the �u�xl�, .Ih+wing cr�iits anJ dcb�t� to ttu:Fuiuls a�uJ tly: pu�:�e fi�r v►•hich ea4h
<br /> d�it to thc Fwxf.was�►uJc.Thc Cuixls;�'c p1c�f�uJ�ti�uklitional sccuri[y ti,r�ll�um�xaurctl by thi:S��:uri5} tnz,krurst.tu.
<br /> If'thc f�uixla hcld M�• Le�xicr exrxd ihc.:inxwntc pemuttcd to he held by applicat►te law.l.cndcr�tuill.�:�rxsut w&��raw�r
<br /> li►e ttk cxcess�unds in xrordatticc w'ith th:r��uircuu:+u..uf:+p}�ficab��law. {f tt��tt::u�u e�f thx Funds lx:td D�� Lctxlc�at�ny
<br /> time is nut�ufficient t���y the E.�cr��w Iteu�,c w•I�en duc,Lender may w no+ify B�xrower in writing,and,in wr.h casti:Borrow�er
<br /> tihall p�y ta Lender the anxwnt necesr•�ry to mal:e up the�lcfwir�u:y. BoROw•�r str�ll m�l.e uQ thr,ciefkiency ie:.ew more than
<br /> tw•eh•e mrnuhlY p�Yments.at l.e�x3er'c w�le di�cretiun.
<br /> Upon p�ynxnt in full of�ll sunu sexui�ed by this S�curity Iaurunxnt, Lender stwll promptly reFund ►� Borrower any
<br /> Funds held by Lendcr.If.wxier par,►Sraph=1.Lender slull xquire or sell the Pmperty.Lender, pnor to tlu:acquisition or sale
<br /> of the Propeny, shali apply�ny Funds t�eW by l.etWcr;i►the tin�e of xquisition or s�le as a crodit�g�inu alw ssu��s secured by
<br /> this Sccurity Itutrumcnt.
<br /> 3.Application of Paymeats.IJntess applicable law pruvides otherwise.all payments received by G:nder under paragraphc
<br /> 1 and 2 shall be applied: Gnt.to anY PnP�Y��xnt chargcs due under the Note: second.to annuats payahic uader par.�taph 2;
<br /> thini�to intenc;ai duc;fourth,to principal due; and last,to any late chuges due under the Note.
<br /> 4.Ctiarges; I.icns. Borroa�cr shall pay all waes.�csessments,chuges, fines and impusitans attribuW6l� tu the Ptoperty
<br /> w•hich rtuy �ttain priority aver this Securisy Insirument,and IeasehoW payment9 or ground rent�s, if any. Barr.��•et shall pay
<br /> these obligations in the tnanner providod in paragraph 2,or if not paid in that manner. Bormwer sful!�ay tiw:m vcc time directly
<br /> to the person owed payment. Bomower shall prompety fumish to Lender�11 notices of amounts co tx�.vd under this pa�~.�graph.
<br /> If Rorrower m�kes these payments directly.Botrouer shall prom�tly furnish W Lender receipts ev�Jc�tcinQ thc payments.
<br /> Borrower shall promptly discharge any lien v�•hich hus Qrionry over this Securiq• instrurs�ent w�Iess B�tsow<'r:(a)agre�s in
<br /> writing to the payment of the obligation secured by the tien m a m.lnner acccptable to Lender;(b)cotitcsts i��ta�d faith the lien
<br /> by. or defencfs against enforcement of the lien in. tegal proceedings which in thc Lender's opiniQn operate to prevent the
<br /> enforozment of the lien;or(c)secures fmm the holder of thr:lien an agre+ement satEsfactory to S�nJcr subordinating the lien to
<br /> this Socurity Itut�ument. If Lendor dotermines that any part of the Pn�perty is sublect to a lien wlu��6 may auain priority over
<br /> `*►is Sa�ri.y Instrument, I.ender may give Borrower a notice identif��ing th�:lien.Borrower st�ulf�tisfy the liea or take on�or
<br /> more of the actions set forth abo�•e w�ithin 10 days of the giving of catice.
<br /> g, Hazard or p�+opai} ins�raace. Bortower s1�11 ker.� ttx improvements �vuw existing or hec+ea8er erocted an the •
<br /> Property insural againu bss by fire, huards includod within�the term "extended cov�rsge°and sny ocher hazards. including
<br /> iloods or flooding,for which I.Ender requires insurtiroe.This insur.+nce shall be maintainod in Lhe:imounts and for the periods
<br /> that Lmder requires.The insu�nce carrier pmviding the insai�nc�e sluili b�chosea by Bocrower svAject to Lenda�'s approval
<br /> which st�ll nut be unreasasably withhetd. If Borrov�er fails to maintnin coveraRe described above, I.ende,�'may. at l.tnder�s
<br /> option.obwin ooverage to protect I.ender's rights ia the Property in accordar�ce with paragriph 7.
<br /> Alt insurance policies and renewals shall be acceptable ta I.ender and shall iaclu�e a standud nwrtgage clause. I.encta
<br /> s2�11 have the right to hold the pol'uies and renewaLc. If L�der requitrs,Borrower sFaull promptly give to l.ender�II t�eceipts of
<br /> paid pmniums and renewal notias.In the event of loss,Borrower stmll give ptom�t notioe to�he i�uur'ance caRier and L�de�'•
<br /> L.ender may make pnuof of lass if not made promptly by Borrower.
<br /> Unle.cc I.a►cler and Bonawer ott�erwise agrce in wnang.insaran�e proa�c�is shatl be applied to restoratiom a�t+epair of tYae
<br /> �P�Y�•ti IIIC tLSRlf�iiwt tn�tejquf ii a:wvuui.�iSji�:.:SG�l:.::w:..�.".'�,:.:.,�.iS1L��.^.`S:Ls...�.......•••••i, if rl.�.ratnesfin�nr .
<br /> repair is not economically fr�cib�e or l.ender's security would be icssened.the ins�t�r�oe pcoce�cb sLa11 be appiied^to th�:s�u
<br /> sec�cred by this Secur+ty Instrume�t, whetixr or not then due. with any exoess paaci to Bw�coker. If Borrouer abuulons the
<br /> Property•or does not�aswer within 30 days a notice from L.ender that the inwranct cazrier tias offerad to settle a c[aim,ttren
<br /> L,rnder may oollect the inwrance proceeds. Lender may use ehe proceeds to re�air or restore the Property or to pay surns
<br /> socurod by this Sa�rity tnsaument.whether or not thcn due.The 30-day period will begin when the notia is given.
<br /> Unless Lender �tic! Borrower otherwise agne in writing, anY �pplication of proceeds to principal sh�ll rat eztend or
<br /> pastpone the due datc of the monthly paytnonts referred to in paragraphs 1 ard Z or ct�ange the att�oont of the pQymaus. If
<br /> ur,der parigraph 21 the Property is xquired by Lender,Borrower's right to any insuranoe policies and proceeds resulting from
<br /> damage to the PropertY Prior to tho xquisitioA shaU pass w Lmder to We exuat of the sums seau+ed by tlus Sowriry Iastrunrst
<br /> immedi�tdy prior W the xquisitiou.
<br /> 6.Oavp�acy,Preservatioa,Maiotea�nce smd protectioa ot Wt Propaty;Bosrower's I.oan Appiic�tioa;I.ea�ebdtl�.
<br /> Borrower sh�ll oocupy,establish,�nd use the Propecty as Borrower's principal resid�na within sixty days afiu the exoaition of
<br /> d�is Security Inswa�ent and shall oontinue to occupy the P��operry zs Borrower s principal nsidenoe for at le�st oae ye�r after
<br /> t7�.e date of oowpancy.unkss Lender ot6erwise agroes in writing. which oonsent shall not be urmeasorubly witl�beW.or wiless
<br /> exteauatiag circumctances exist which are beyond Bomower's oonirol. Borrower s1�11 not desuoy. dam�ge or impair tbe
<br /> Proporty. allaw the Property to decerionte. or oonv�ut waste on the Property. Borrower shall be in default if any forfdture
<br /> actian or proceoding,whether civil or crimin�l, is begun thai in i.ender's good faitb judgma�t ooutd re.wlt in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security InstnunaN or I.ender's security interest. Bomnwer may
<br /> cure such a default and reinstate,as provided in puag� 18,by causing the action or proceeding W be dismissed with a tuling
<br /> that. in Lender's good faith determination, precludes fi�rfeiture of the Borrower's inkrest in the Pn�perty or other materi�l
<br /> impaimx:nt af the lien created by this Security Instr�ent or Lender s socurity interest. Borrower�hall also lx in default if
<br /> Borrower,duing the loan application process,gave materi�lly f�lse or inaccurate mformation or st�tatxnts co l.et�des(ar f�iled
<br /> to provide I.ea3ee with any material inforn�ation)in cootsection with.ttte loan evid�ced by the N�tt,incltuiing.but not limited
<br /> W,represertntioos oonCerniltg Bor1'ower's ocAipaircy of ttse Pteper[y�c a p1it�Cipal ISeside�nCe.If this Security�s:r,,,•,,P•,r is on a
<br /> le�uhold. Borrower shall comply with all the provisic�as of the leace. If Borro�uer aoquires fce titk to the Property, the
<br /> le�sttwW and the t'ce title st�ll not merge unless I.ender agroes to the merger in wriring.
<br /> 7.P�a�ion of I.eader's Rtghts ia tbe Property.If Borrower fails to perform the coven�au�nd agreements contained in
<br /> 'u`�is Secu�;t�[;�.-'ru.-:�t. or ilk�r is a lrga:ps�ax�3:ng th.rt m.:y significantly affect i.es�er's ri�s ia the Pm�etty (�t�ch ic z
<br /> prc�ceeding in bu�kruptcy.probau,for caixkmnadon or forfeiture or to enfora�laws or regul�tians),then Lender tn�y do und
<br /> �ay for whatever is nocessa�y to protect the value of the Prope�ty and Lender s rights in the Property. I.ender's actioas may
<br /> �nclude paying any sumv securod by a lien which h:s priority over this Security lnstrument, appev�ng in court, pzl�ng
<br /> reasonable attomeys'fces and entering on the Property to make repairs.Although L.eader rnay take xtiuo uader this paragraph
<br /> ?,Lcockr does not have to do so.
<br /> My amounts disbursed by Lendtr unrlter ttus paragraph 7 sfLZ11 become additional dcbt of Bonower sewred by this
<br /> Security insirument. Unless Borrower znd l.ender agree to othee termc of p�yment. t}use amounts shall bear interest from the
<br /> date of disbursement at the Note rate and st�all be payzble. with icuerai. tipon notice from Lender to Borrower reqoating ..
<br /> PaYment.
<br /> S.Mortgage ins�u�aaee.If Lender required mortgage in.urancc zc a oondition of mzking the loan securod by this Secusiry
<br /> Incuument. Borrower shall p�y the premiums required to maintain the mortgage inwrar�ce in effect. If, for �ny reason. the
<br /> mortgage inwrance cover�ge required by Lender lapses or cezses to be in effoct,Borrower shall p�y t}�e pnmiums requirad to
<br /> obtain coverage substantia!(y equivalent to the mortgage inwrar�ce pteviou�ly in effect,at a oost wbstantially equiva{etu to the
<br /> cast to Borrowu of the mort�age insLtanc.� previously in effect. from an alternate mortgagz inwrer approved by Le�er. If
<br /> ►w.�a• Form 3G28 �J90
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