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<br /> c.l.` S __—. . . ' ' ' � � _ . . -. . ��..—.v.. :1.�..—c _�--__...�..._,_.-" ." � .'c�e _f.
<br /> ( _ .. . . _� . -� . ...'.f.�..._��.5��.' _�t' T'..�__�...��.-- -- " , _
<br /> : YJ 9� �o���� ; `�. ��..��4 .
<br /> ,� '.��F �.:�.�. �.
<br /> ' • . .� a federal agency. in�trumentality. ��r entity '�.� .
<br /> The Funds shall be hcld in an ia,titutiun whose deposits are �n�ured b}� ' r.
<br /> • d a I•ing the FunJ+.annuaUy anal�cing the m�t�amakc�uch � t�`r .`
<br /> " ludi I.ender.if Lender is tiurh an institutionl or in�ny�e�p H°m�L°'�Bank. lAnder.hali apply ti��eC a�to pey thc _�, -,
<br /> . (inc n€ . ----
<br /> � � • Esc,-row Items. Lender may n o i c h a r g e B o r ro w e r f o r h o l g _
<br /> •• ' , ti•erifying the Escrow Items.unle�+L.ender Pay'B°RO�er intere,t on the Fun d-ti an d a p p l i�a b l c l a� p e r m u s � ;( - .
<br /> nine gonower ta pay a one-time charge for:u+indePend�nt r`^il�'u�te taa reponing.en•i��c:
<br /> " a charge. Howe�•er.[.ender may req licabte law procide, utherwt�. Unt��, an agrc�nunt i. mxJt u� ;
<br /> used by l.ender in connection K ith this lo:u�. unless app u��t� � g�,rrower anp intere+t or earnings un the Fundti. t
<br /> appticable law requires interest to be paid.Lender sh:ill not be req p���• �M f��r H•hich r.�ch . . . , ` �'`�.
<br /> ' � wer and Lender may agree�n writing.how•ever. t Wti�n�c�iih��d debit to the Fund..u�dnt c purp,��ve ro Borru�cr. .c
<br /> Borro
<br /> ` without tharge• a►►annua�accaunting of the Funds. sho g f�r��,��,aured by�th�.Snurity Imtrumen[.
<br /> debit to the FundS was made.The Funds are pledged a+additianal�ecuntY .
<br /> If the Fund�held by Lxnder excetd the amoi ement.+��1f pplir.�bleelaw.11fPhe�:u��nt,of he�Fua��'1��ufihn��8�n�� ,
<br /> � for the excess Funds in accordance with the rey ti�,n�tif Borrow<<in writing. �
<br /> -�"� time i+not sufficient to pay the E�cmw Items when due.Lender may• Y _ _
<br /> - - to make up the deftciency- Bvrrower�1ui�1 make up the deficiency in no mose than �_ . :
<br /> __ :— . .._ shall pay to L.ender the amuunt rtecc�sa�Y ---`- :_:-;—�-.�`_,'`
<br /> twelve monthty paymenu,at Lender's sole discretian. :
<br /> ment in full of all sunu serured by this See.�urity InStrument. Lender Sh�R��mPrior o the a qu+���or�ate
<br /> U�O°Pay ra h 21.Lender shall acyuire or,ell the Property. P ��t the sums secured bY
<br /> ` Funds held by Lender.If.under parag p _ ._ •
<br /> of the PropertY•sha��aPP�Y�Y Funds held by Lender at the rime of acquuition ur sale as a credit ag
<br /> : ' this Securiry instn►ment. ments received by Lender undePr P��Phs - .
<br /> , : 3.ppp��non of Payments•Unless applicabte law pruvides othenvise.al�PaY
<br /> � - ` shall be plied:fiis�•���'Y PrePayment charges due under the Note:second.co amaunts payabte under dr h '-� �-
<br /> � 1 a n d 2 a A late char ges due under the Note.
<br /> :f third,co intecest due:fourt h.to prin c i p a l d u e;an d l a s t.�°a"y �ehold ymenn or graund rents. if any•Borrawer shall pay _ ` -
<br /> � C ���I�,Borrower shall pay a11 taxes•as.se'smenu,charges. f ines an d im p c ri i t i o n s a t t ri b u t a b l e t o�m a°�y
<br /> . . �•� 4. h a r g I n s w m e n t. a n d P a t h e m o n ,. � , ,..-
<br /> ' • ��. which mag atiain pnority over p is S e c u n p h 2.or if not paid in that manner.B o r ro w e r e h a l l p a y ,' .:.,e,�=
<br /> ' •,� these obli auons in the manner mvided in aragraP :���;�,=�::
<br /> t! fumish to Lender all notices af amounts to be paid under this paragraPl►•
<br /> . � � _ to the penon owed payment.BorroweT shall promp Y Instrument unless Bocrower: (a)aSrees in "
<br /> � � If Borrower makes these payments directly.Ban°wer shall promptly fumish to Lender receipu evidencing the paymenu. ;..'f. �, ;• `�`
<br /> Borrower shali pramptly discharge any lien whizh 1u�Pnonty over this Security P •:,� �
<br /> writing to the payment of the obligation secured b nthe�l�1°�ings which�u'the [.endei sbop nion operate t f P*e ent�the .�Q;, �.
<br /> . . - . . '; by. or defends aP,tins� enforcement of the lien ► . S p ment satisfactory to l.ender subordinating the lien to •,
<br /> ert is sub'ect to a lien which may al�n Pn�rity over ,;_. J�` —
<br /> ����t enForcemrnt jnstrument if(l.ende determines that�any p�f��O�Y 1 --
<br /> - _�.•� this Securiry ive Borrower a nouce idenrifying the lien. Borrower shall satisfy the lien or take one or '�'
<br /> '- :f this Securiry Instrument, Lender may g � � ��
<br /> more of the actions set forth above wuhin 10 days of the giving of notice. .�:a�
<br /> ' = 5, Nazard or Property Insurance• B°rn'wer shall keep the improvements now existing or o��fte�r��clud'ing � . +r�-�..,�.�;:
<br /> . . . . -.�; .��'.'`�ir:U4'..�:
<br /> property insured agair�st tass by fire, hazards included within[he term 'extended rn�eraSe" and any ...`{' ,,�, , L�,�,
<br /> ' floods or flooding.for which Lender requires iasurance• "I'h�'►nsurance shatl be maintained in the a�nnunu and for the periods
<br /> at Lender s •f', .`
<br /> � [hat Lender requires. The insurance hcamar If°��ower fa Is to�main a►n coverage describ��°Yeb�nder�n�er's approval �
<br />_ wit a `+�
<br /> which shaU not be unreasonablY e clause. Lender
<br /> . option.obtain coverage to protect I-ender's righu in[he Property in accordance with paragr p , .;-a Sx� a.�;
<br /> I
<br /> ve to l.ender all receipts of :.� .' . ,t�: �
<br />� � AU insurance P�h o l d t h ed ol'cies�and renewal If Lender requires.Borrower shal lprort►pt1Y gi mortgag +.�
<br /> • shall have the right to P •`�� �"'
<br /> � p aid premiums and renewal notices.In the event of loss. Borcower shall give prompt notice to the insurance carr►er ar►d I.ender. -f,` ��_}�
<br /> • I.ender may make proof of los s i f n o t m a d e p r o m p t l y b y Borrawer. �t¢d t o r e s t o c ation or re pa�r of the ,,��
<br /> � Unless l.ender and Borrower otherwise a;ree m wnnng,insurance proceeds shal�be app'
<br /> ,....:�,. ` � �`�
<br /> . property damag would be l�sened.the insurance proceeds shall be applied to the sums _,,.�'.�
<br /> ed.if the restoration ur repair is ewnomicaliy fea+iblc and L.enJer'ti+ecurity ts nut lessened.If the restorateon or
<br /> repair is not economicul1y feasible ar Lender's security ,_ •* }�';_.
<br /> " �' ' om l.ender that the inauran�carrier hss offered to senle a claim. then _ _ _ :�__
<br /> . . . secured b this Security Instrument. �vhether or not f en due. with any excess paid to Borrower. If Barrower abandons the �
<br /> propeny.or does not answer within 30 days a notice . ,,5�`"'n
<br /> ' Lender may collect the insurance proceeds. I.ender may u�e the proceed.n a wP��b g�n when the notice is given�pay �ums 1 .-'
<br /> rin�i al shall nat extend or :r!�T�.
<br /> �� secured by this Security lnstrument.whether or not then due.The 3Q-day Plcaupn of proceeds ta p' P . ;•.{gr,•�
<br /> � '� UnIe�.S Lender and Borrower otherwise agrce in writing, any pP ,�;,.�,
<br /> . • postpone the doe date o f t he mon t h ly p a y m e n t SC��r�e a� Bo�wer s nght t'ya n urance pa l i�h e s a�d P�O�s r esultin g from .
<br /> • ���:._
<br /> under paraSraPh Z1 the Property is acquircd by � this Securit Instrument ,
<br /> rior to the acquisitian shall patis to Lender to the extent of the sums secured bY Y � .'�
<br /> damage to the Property p l[cation;Leaseholds. - '"�`� .':
<br /> ;; . immediately prior to the acquisitian. "��
<br /> 6.Occupancy,P�ervation.Maintenance and Protectian of the PropertY:,B°�'�'ower's Loan App
<br /> � ower shall occupy.cstablish.and use the Pr�peny�►-��n ert r�P�onower's�prin ipaltresidenc�,eo r�atf least one year af er ' � '`Fr,�.
<br /> Borr the Pro ' �
<br /> this Security Instrument and shall continue to occupy P Y . .
<br /> � the date of occupancy.unle.tis Lender othcrwise agr B��ti°��ntral.cBorrawerashallt not dest�roy a dama8 fh��forfe ture ! . '
<br /> extemiating circunutances exi.t which ure beyond
<br /> Preperty. aUow the PropertY lo deteriorate. or commil wa,te on the Property. B�rrawer shall be "sn default Y
<br /> � a;tion or proceeding.whether civil ��r crimi�al. �s�Sub�ihis Securtyr�n g�ume�t p��nder's security nterest A�ih ae I ay � � .
<br /> .''! Properry or othenvise materially impair the lien createci y .
<br /> cure�uch a default and reinstate,as providcd����udcsdf�rf eturc af tha Bottower�merest�nnthe�Property�or�ather matenna � .
<br /> � � that, in Lcnder'ti good faitb determ�naiicm. p . _ . .
<br /> � im airment of the lien created by this Security In�trum n�"T f�edor naccurate inforrmatian or tatements to I.end not 1 m�ued .� • ' �
<br /> � p the Nate.including.but .
<br /> Borrowcr,during thc Ioan upplication pr��ccsti,gavc matc y
<br /> � to provide Lender with any material infurmatiunl�n c��nne�:tion with the loan evidenced by
<br /> , to.representaticmti concermng Borrower's uccupan(�V�y�n�p�`Phe��`�e.�fnBorrowe aacyuire+�fees itlep[o the Pmperty�he
<br /> �•i � Ieaseho l d. B orrow e r ti h a l l c o m p l y w i t h a l l i h c p
<br /> lrasehoW and thc fcc titic shall not mergc unlcss l.cnJcr a'rs`�i�`f�'Si�perf���he covcnant>und agrecments contained in . , ,
<br /> ; , 7.{'rotection of I.ender y Ri�hts in the PropertY• •
<br /> . . • this Scxurity Imtrumenl. or there �ti�����t� �'rnnauan or fori'eiture or�t�enf>rce I•aw.ti or regulat�on�l then L.encier m:+Y d°i°� ' . .
<br /> procculing in hankruptcy. prubatc. lur cundci ,
<br /> pay Fur wh:�tevcr i�nece.�ar�'u• prntect the�•alue��f 11ic Pruperiy :md Lender'�right+ in the Prupeny. l.cnder's actiom may
<br /> include paying any 'wn` `ec°r�d hy �� lil�� pr�11erth to n�ketr pair.�. Althc ughrlxnder,n�y'etake cp im und r thi+parograph �
<br /> ' � rra.onsblc attornc:y�' frr..�nJ�ntcting c,n! . P Y . .
<br /> . ' I 7.lAnder doe�not havc U�du.u. . . .
<br /> Any amuunt. di.bur.cJ hY,�cralnd lAnder�a�:r e�to olicr tcnn.�uf�PaYmcnl�thc�c an�unt�f�hall hcar intcrc t�tioill�lic .
<br /> • I Sccunty In�trument. Unl��ti H�rn ihl�. with intere.t. upun nutice irom Lender to 8i�rr��wer reque+ting
<br /> • � datr ut di,hur.�mcnl at Ihr Nulc r.U� and .hall hc p;ry�
<br /> payro�nt.
<br /> ' K.�1ort�v�e ln�uruncc.li lAndrr rryuUcd m�,rtgagc in,ur:mcc a:.a cunJmnn uf making thr luan.ccurcJ hy�thi,Sccurity
<br /> .. � In.uwncnt. H��rruw"„rr�L rrcyu rr irl•��I��cndcr I�u�xc�I ur rra�r•�tu h��in e t�'l�H��ifUt�ct,haII�P Y 1thc`prcmiumti rcyuircd tu
<br /> .� mun�a�.c uuuran« .
<br /> - � ahtam cocrra�r �uh,�anually r.�w�alrnt n,Uu r«t„u•l`myrttrrL Ir�„nou�,�Itcrrratc�m�ttt�.agc,inwrcr�al`Pn�ed h�aLcnJcr,If.
<br /> ., . } Horn,�.rr „� i��c 111U(1La�sr �n.urun:� p :
<br /> ;�„� m
<br /> �
<br /> � Form 3028 9i90 �
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