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<br /> _ �� -'.�,,:,�_.�.._._'_� '.. .. -, . ' .
<br /> ' . �O��0�� .` �i`,``- N��.`-
<br /> instrumentality. or entity . �- ���` .s , ,. , .
<br /> 7'he F�inds shall be held in an instirution whose deposiu are insured by a federal agency. ` � � � � 1i:
<br /> r holdin and a plying �he Funds,annuailY a�alYz►ng the escrow accouttt.or -•��: �
<br /> �including Lender,if Lender is such an institution) or in any Fede� Home Loan Bank- U:nder'hal�aFp�y the Funds to pay the �� —
<br /> Fscroev Iteam. Lxnder may not charge Borrower fo € ' . '�==
<br /> aervice ,� :
<br />- verifying the Escrow ltem�.u��i ui eeBora�Bo�PaY a �rime harge for an i depenallent real esta e[ax reporting e such .. A '. —
<br /> a c h a r g e. H��w e�•e r. L e n d e r r r�y e 4 . '
<br /> ` u�cxi by Lender in ronnection with this loan. ureless app lic a b le l a w p r o v i d e s o t h e r w�s e. nterest or earni 8s on�t he Fu n t 1 s- . , . -
<br />_ ___ appli�abie law requires inter�t to be paid. Len der shall not be required to pay Borrov er any fQr which each ` ��_ _
<br /> Born�w•er and Lender may agree�n`nriting. however, that interest shall be paid on the Funds. Lendc�s'shall give to Sorrower, �.., � _
<br /> _t.4_.:.: --1� i..--
<br /> ' without rharge. an annual accaunting of the Fur.ds,showing ctedits and debits to the Funds and the Pnrpose , :� :. — .-
<br /> debit to the Funds wati made.The Funds are pledged as addinonal secuntY for all��i���nder shalt ccount t Botrower •� ';' �` ' " ___
<br /> [f the Funds held by Lender exceed the amouats permitted�o be held by app �._:•;�,:�-•'--=�_�---
<br /> � for the�xcess Funds in accurdance with the requiremes►ts of applicable law. If the amount of the Funds h�ld by Lender at any _ ''
<br /> � time i�not sufficient to pay the E.+cn�w Items whea due. Lender may w notify Borrower in w•riting,and.in such ca�e Borrower ,. -
<br /> •- �hatl a� tn L.ender the amount necessary to make up che deficiency•Borrower shall make up the deticiency in no more than (. '.- � = (��
<br /> �y „�. ,_ �
<br /> twelve monthiy payments.�t Lender',�ole discretion. ,
<br /> Upon payment in full ot' all +ums secured by tttis Secnrity Instrument. Lender `Lender.mPior ta the ac��u�u n�r+ale �t.,.' �'
<br /> Fund�held by Lender.tf,under paragraph'-1,Lender shall acyuire ors�ll the Property. F , . r-5
<br /> �-
<br />. • - rt•.shall a 1�any Funds held b� [-e�der at the time of acc}uisition or+ale a�e credit ag�u�e�t the ums secureJ by � �~J ;�v
<br /> of the Prope } PP} , ,� °.•
<br /> this Security[atitrument. •
<br /> -:'>>` . 3.Applicatton of Payments.i..nle�s applic tbchar eP�::az under thz Note';econd nto nc,an�;p�:►y hlc under pu�ag1raph�s ; ,r.�4. �,} --
<br />`:;,�-', � 1 :uid: shall be applieJ: first. to an� prepay�men �. •.- _t;�„„�;�
<br />��':"� third.to�ntere�t due:foucth.tu principal due;and la,c. to a�y �ate chazges J�ueron�d�eand impusitions attributabte to the Property
<br /> :_`•�
<br /> .. 4.Charges; Ldens. Borrower shall pay all cazes. assessments, chazg menu or �round renu. if any. Borsawer shall pay �
<br /> '� which may attain priority over this Security Instrument,and leasetiold pay b _�
<br /> the5e obligations in the manner provided in parag�Ph 2•or if not paid i�t that manner. Borruwer shall pay them un ume directly ': ,J
<br /> fumish to Lend�r xli:tatices of amounts to�e paid under L'�is paragraph• ��,:.. }_�,.y.,.
<br /> ' to the person owed payment. Hortower shall prompdy �•! :••-_., ��,
<br /> ents direcdy. Borrower shall promptlyo�•��S���tn erument unless Borroner�a)agrees►n ��•�" '�
<br /> If Borrower makes these paym rionty •
<br /> � gorrower shall prornptl�dischazge any lien which has p _ __ , �r�
<br /> writing ta the paym�nt of the obligation secured by the lien in a�in ef�'�:c in������der'sbop ni�an toperate,tof preve t'the �,�. .
<br /> `` . "r b y. o r d e f e n d s a g a i n s t e n f o r c e ment of the iien in, legal pr . g',T��„�t s 3��,a�x��5 t� Ler:.!er subordinating the lien tu ^. ~ _ �
<br /> ��
<br /> .�:
<br /> enforcement o f t h:lien: or(c)secures from�he holder o art of th Pro�zrc�� is s_�;:�:'•�a lien which may attain priority over ;'�.=_ .�
<br /> this Security Instrument.(f Lender determines that any p `-`s�; •;
<br /> " . thic Securiry Instrument.I.ender may g��e B�ROwer a notice identif}'in=t:`.�lien. Sc-uwer>hall satisFy the lien or take onr o:
<br /> more ai the acti�ns set forth above�r�ithin 10 dayy of the giving of notice. �`�
<br />. . ,r., I3s�aard ur Propert3' Insurance. Borrou�er +hall keep the ir.'�rovemer�s now existing or otherf hazards��including ' ��„�=-a
<br /> ,;''�,. insured agairut loss by�re. hazards included within the terr.• extendeci co�•erage" and any �.�
<br /> PmPenY . .-t�-
<br /> - • - floods ur flooding�The insu nae ca�rrier prov d ngcthe nsurance`�'�ai�hbe'hosen by�BO oweres b ectt��Lenderts approval -� �• � K. `��
<br /> that Lender requt ' iV� '
<br /> which shall not be unreasonably withheld. If Borrower fails t� n acconiance w�i paragraph 7 ove. Lender may. at L.ender's � }.;, ,, -
<br /> ,� ���- o obtain coverage to protc�:t Lender's rights in che Prapeny e{�nd sh�= include a standard mortgage clause. I.ender - ,� __
<br /> ops� n.
<br /> All insutance Fo1i��es and renewals shall be acceptabfe to Lend _
<br /> : - hall promptly give to Lender all receipu of
<br /> rt t notice to the msurance camer and Lender.
<br />� ' ,.;,':r� shall have the right to hold tiie policies a.'ui renewais. If Lender requires.Bon'owe. ' ,__
<br /> ,.� paid premiums aad cenewal notices.In the e co���bs•Bo°rower.`�� =�ve promg
<br /> L.ender may make proof of loss if not made P P Y Y
<br /> �� � Un(ess Lender and Sorrower otherH ise agree�no���g f�ible�andTLecnd r y�`eecu►��YpP'RO�essened.If the restoration or `�,� ,
<br /> Pmperty d a m a 8 e d•►f c h e r e��t o r a t i o n o r r e p a i r i s e c o Y l i e d to the sums ��'.
<br /> - °'"ft repair is not emnomsn�jn�'m`entr hndhe�s��n t tthen�dueb H+� �Y�eX h�s paid ta Borr�ver y hlf iBorrower abandons the ` � ,_ .
<br /> � '�;».'
<br /> , :;,t,j•.,� seturecl by this Secu y ���'g�
<br /> p ny p tiums
<br /> �:;�;<' properiy, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim. then �y
<br /> � Lender ma collect the insurance pmceeds. Lender may use the proceeds to repair or rescore the Pru e or to ay . .
<br /> ..:;s,j;'°<'.' Y . ._ ,�'...;:
<br /> ''•."' secured by th�s Security Instrument,whether or not then due.The 30�iay P�°on of proceedseto principal�shallenot extend os ;�_•
<br /> ,.-.
<br /> • ' • Unless Lender and Borrower otherwi�e agree in writing. anY rPhy � �d Z or change the amaunt of the payments. If _ -:,
<br /> � � ��� postpone the due date of the monthfy payments referreJ to in parag p �.
<br /> •. ��•":��:r under paragraph 21 the PrapertY is acqu�red by Lender,Borrower's right to any insurance policies and pracezds resulting from '.- __
<br /> �.';:"`:� to the Pto erty pnor ro the acc�zsition tihall patis to Lender to the extent of the�ums secured by this Secu�ity instn►ment �� _ � +��,�
<br /> �. damage P licadon;Leaseh�!3s. -
<br /> � immediately prior to the acquisition. �y� _ �
<br /> . . 6.p�pan�r,Prescrvation,Maintenance and Protection of tL.'e�ro Boreo�ver's I.aan App
<br />, Horrawer shall occupy.e�+�b��h,and use the Propertyt t�°o rty a�pBorro er�tprincipalthesidentyce forsatf Ie��oneYCar after ti-�—�-`:---�."'-�=.
<br /> •.. , this Security lnstrument and�hall continue to occuPY p _ _.__
<br /> � the date of occupancy.u�n5leeX'Le whicht areybeyond Borrnwe�r's��c,h o�•cBonower�hal�t nat des°Ydtamagehordimpa r the � ��-
<br /> ��. �,�� extenuating circumstanc mit waste on t:_�PsopertY• Bonawer shall be in default �f �Y u e�of the �_�� ��,�
<br /> pragerty, allow the Propeny to deteriorate. or com
<br /> . action or proceeding, whether civil or criminal.is begun that in Lender's good faith juJgment could result in fo ert ���
<br /> . . . Property or otherwise m.c-�-ria2�e a P ro�ed in pa ag ph 18�yby�caus,ng the•a tion or P fnde�ing t be ei'Seinissed w ih a rultin� ��-:.-._-�z i -
<br /> cure such a default and r..in p recludes forfeiture of the Borrower'ti interest in the Property or other muterial �, ��
<br /> r,� a,
<br /> , • .',�`.,:;.' that. in Lender'+ good faith Jetern'znatios. p ����4
<br /> . lien createJ by tl•i> �:curity Instrument or I.ender'+ +ecurity �nforniation or�taten ent+to I,ender(�or!'ailecl �'._T^:�
<br /> �;' ::'� impairment of the ,;�,,;�.
<br /> Borrower.during the loan application pvices�.gave materially fals�ur inaccurate 3
<br /> to provide l.ender with any msterial informatiun)in connection ei[h the loan evidencecl by the l�ote, includyng. but not lim�ted �' . t -
<br /> � � to.repretientation�concerning Burcower'�nccupan-i`��,t nti uf�phe lc.e.plf Burr��wer xeyuire t fersutlri't�� the Pm perty the ...:,;„,. _
<br /> �,.����� '. I�seh��W. gon���"�'r ,hell cumply with all t:ic p• � —_
<br /> `�:;.,r ,�° ira.�eholJ anJ the fee titic�hsll nut mer�c milea.L.ender agrce�to the merger in writinb. �"`���Y,
<br /> r�•..
<br /> ' :..;,;,�a,•;: 7,protectton o!Lender's RiP,icts in the Pro�nerty �f Burrowvr fs�ils to perform the covenants und agrecmepnts contained in .--�,„„TT. �.
<br /> this Security Instrument. nr Atere iti a 1e8� emnat�n or forfeiture or�t enfor e luv or�reguluuvnti)nhen Lendet tnay doaand i;�, ,,.,�� , —
<br /> . proceeding in bankruptcy.probate, for cond • . .
<br /> : Qay for whatever iti ne�.�css�ry to prote j h nYwh chf has pr oruyy�rve�r h SdSecurifiy tln trument�appearinga n•couri�pay n& 9'�:�.�__ „� .
<br /> , mcludc paying any �wn� �ccurcd by , _
<br /> reasonable attorneyS fees and entering nn the Property t��make repairs. Although L�:nder may take actwn under this paragraph M t--��
<br /> 7,Lender does not havc tv du so. ; . °:*.. r"
<br /> , Any amvunts disbur�ed`b�`�wc�aanduLenderhageer«r�ph r terns c�f�paYment�the e amountst.haUrhe:ir in c�.t�frc:m the , _
<br /> � S e c u r i t y l n u r u m e n t.U n l e s.B �m n o t i c e f r o m 1-.;n der tn Borrower rcyucsting . _
<br /> ' � date of disbunement at the Notc rate and �hall bc paya b le. wi t h i n t e r e�t, u p , _
<br /> . � payment. . �.
<br />: , S.biortga�e Insurance. If l.end�r�n ums�rcmui cd tu�maintain heamurcgage�msur.►nre�in ei'fect.�If.ufo� any h'z:.c�nu the . • .
<br /> Instrument. $orrqwer tihall pay the pre 4 -
<br /> . mortgage insur►nce coverage reyuvaantia tham�rtgage�in urm ecprevi urlv in Bfect�at e c xt uhstanii��.ill}• eyuival nt�tv the .� ��•
<br /> ohtain ruveragc tiubtitantially cyw
<br /> . � co.t ti� Hnrrower uf the mortgage imurance previuutily in effut. from an aLrrnate mortgage imurer approv�d by Lender. tf .
<br /> ' Form 302d 9I90 , � �
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