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<br /> I Borrowere escrow ncoount undu the led�l Rstl Est�te &ettiertient Procedures Aot o} 1974 aa amended hom Ilme to time, 12 U.B.C. _
<br /> 2601 et seq.("R�SPA"), unless another bw that spplies to lhe Funds eets e fesser amount. If so, Lender may,at any tkne, oollect flnd
<br /> I hold Funds In an flmount not to exceed the Isa�e�arnount. Londer may ostknate the amount ol funds duo on tho ma913 of currant date =
<br /> I and reaeonable estimates ot expendkures of Poture EsCrow Ilam9 or otherwlso !n nCCOrdanco with appl�nbb Irl�v _
<br /> ThP Funda ehall be hNd B sn hstRutbn whoso deposita ere Inaured by e fetleral apenoy, hstrumenteCiy, or entity (Incfudhp(�
<br /> �
<br /> Lendsr, M Lender la euch an i�natRutbn) or In anY Federal Homo I.oan Bank. Lender sh411 apply the Funds to OaY�he Becrow Iteml.�
<br /> Lender may no! oharpa Elorrower for holdhp tnd tppyhp tha Funde,annualy anary:hy the osarow eccount,or verffyhg ths Eecrow � _
<br /> . Items, unbaa Ler►dor psya Bonowsr htenat on th�Funde�nd �pplicabb�w psrmkn Lencler to mako auah a ohupa. However,Lendx� �
<br /> may requke 8onower to pty e on�thw charye lor en hdependent reat estate tax repoRhp service used by LendE►r h aonnsotlon wkh�
<br /> thla ban, unbss �ppl�abk kw provides oth6rwlsl. Uni�se on ipreement is made or eppi�nbte Inw requkes interest to be pa{d,Lender�il ,
<br /> shall not be requlred to pay Barrower any Inter+eel o►eaminps on the Funds. BoROwer and Lender mpy aflree h v�rNhp,however,thtt�
<br /> Interest shaA be paid on Ihe Funds. Lender ahtil plve to Borrowar, without aharpe, an ennual accountinp ol the Funds, showhq� �-
<br /> � credks and debits to the Fund�end Iho purpos�lor which eaoh debrt to the Funds was mado. The Funds are pledaed ss eddkbn�i�
<br /> securky for all sums secured by thks Security InswmenG
<br /> If the Funds held by Lender exCeed tho amwnts permltted to be held by epplfc�bfe law,Lender shall account to Bortower for the
<br /> excess Fun�is !n flCCOrdanCe wih the requkert►enls of applbablB law. If the amount ot the Funds held by Lendt�r at any tYne is not - -
<br /> suNlaient to pay the Escrow Items when due,Leynder may ao notNy Borrower h wrkNg, and, h auoh case Bortowar ehall p�y to Landrr �'.�,{� °
<br /> tho amount necossary to make up the defbM�ncy. 9ortower shan make up the deibienCy h no more than tweke monthty payments,at __° "
<br /> Lenders sole discretbn. ��z� ',�:�_
<br /> „ Upon ptymc�nt in tull of aN cuma secured by IhEs Security Instrument,Ler►der shall prompty refund to Borrower any Funds hald by ^,.�-_�__
<br /> Lender. if,und�r panpnph 21,Lend�r ehaN acqulre or ssll ths Property, Lender, prbr to tho acqulskbn or sik of the Propety, nh�ll -
<br /> appy any Funds heid by Underat th�th►e of acquiskbn or sele as e credR�pelnst the sums secured by thk Securky Instn�mant. —
<br /> a.Appltcatlon of Payt110Qfi. Unbss tppNCable law provides otherwise,all payments recelved by Lender under parayraphs -
<br /> � 1 end 2 shal bs applbd:flrsi,to any prepaym�nl charpes due under the Note; second,to amounts payeble under parapraph 2; thYd
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<br /> to htarest due; fourth, to princqtl due; and lest,lo any late charpes due under the Note. ,�,��_^
<br /> � 4. Chal'gei; Lient. BorrowK shau pa�alt taxes, asaessmer►ts, aharpes, fhes and knposRbns atV6utabb to the Propwty
<br /> :.-�aYe°�.
<br /> whloh may ettah prbrfty ovor this &ecurky InSwment, and Ieasehold payments or pround rents, N any. Bortower shtll p�y thsa�
<br /> cbllpatbns In the manne►providM H parap�aph 2,o�Y not pald h thtt manner,BoROwer shall pay them on tkn�dlrectry to ths parson �,..�tir;�.;�
<br /> � owad payment. Borcower shaq promptty tumbt�to Lender all noti�es of amounts to be paid under thls paraynph. If Borrowor makos •�`�'�'.�' -�
<br /> these paym�nt� dlrecty, BorrowK sFuY promptlyr Iumish to Lender recelpts evidenchp the pnyments. �9;:h„',� � �!-"
<br /> Bor►owK shaM prpmply d�eharp��ny INn whl�h has prbrity over thls Security Inatrument untess Bortowa;(a)�prees In wrkhg to � �`
<br /> � tha p�tyrtwnt of th�oblipttbn a�cund by the li�n h 4 manner occeptabla to Lendar,(b)contesta In pQOd taKh the Ibn by, or daNnds `r t, "�
<br /> apthat enforcemont of the Ilen B, tepd procoed„ps wh�h h the Lsnders opinbn operate to prevent the entorce�rtent o}tho Iien; or(o) '• � �
<br /> ` s�cures nom ths holdar of tho Nsn�n �prament s�t►siactory to Lender subordlnatiny the Ilan to thia Securny I��wrtwnt. if unoer 4 ��
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<br /> , �� d�t�rmB�s thit �ny put of th1 PropKty fs t�bpCt to a Ilen whbh mey attoh prbrky over thls Seourky IresWment, Lender msy 41ve R
<br /> tj BorrowK�notice fd�ntityhp th�lien, BoROwet ehali satlsfy the Iien or take one or more ot the actbns set fonh above wkhh 10 daye •:
<br /> � a ot tho pbinp ot notbs. , �
<br /> 6. Huard or Properry onwr�nce. Bortaww shall keep the knprovertients now existhp or hFr�aRer ewct�tl on ths "_
<br /> PropaRy haund�pahat bis by fir�,hararde tnc4ded wRhh the tertn 'eMendod coverape" and any other hanrds,Includhp fbods or .�
<br /> , � fbodinp, for whbh LenWr raquYsa hauru+ce. fils hsurtnce shall be malntahad fn the omaunte and tor 1he period� th�t L�ndK �� .
<br /> . rsqufns. Th� fneunnc�cu�r provbhp th� tnwrance ah�W be ohosen by Bonowor aubjeo4 to l.ender's npproval which shtN not 6� _-
<br /> unnafona6y wRhh�b. If Bortoww IUIs to m►tnuh cownps d�scribod above,Lendar may, at Lenders oplbn,obttN aownpe to -�---
<br /> pratsot lond�s riphts In th� Property h accorduica wkh parepraph 7. �
<br /> � . IU hsuruic�poNOiN�nd nn�wtls �haN b��cceptaGl�to Lenda and ehall Inolude a standard mortyape aYuse. Lender ehaN h�w "� " `T
<br />�y� u� th� �ipht to hofd tho pobNs Nd r�nerrals. If Lender requiros, Borrower shall promptry qivs to lender aU recelpts of p�id promlums �"
<br /> , . , „ �nd ron�w�l not�n. In M� �n! of bas,Borrower shsll plve prompt not�e to the insurance cerrier and l.ender. Lender may rtwks ��_�
<br /> t � , proof ot bts k not mads prompy� by Borrower. �-,�_.- ---
<br />� " Unl�ss UndK�r+d 8orrowu othKwise�pree In wrkk�p,haurance proceads shaA be appliad to restontbn or repalr of th�Prop�ty ;N���
<br />_- � �•� �y�d, M th� nstoratlon or irpaM I� �conomb�Ny hasbw and Lendars cACUrky is not ksaaned. If ths reatoratbn or ropnY b not _ �_ _
<br /> , �;oio�7��y f:�;�b or L�.n�s =�uNiy wotrld C�bs��cd, tha lnaurertco procesds sheN be eppik�d to t►��c�ums soeurad hy this ��r---- m,_.,_�___
<br /> �.� Seaurity Insuummt, whNMr a not then du�. wRts� cny vxceas paW ta �ortower. If Borrower �b�ndone th�Prop�rty, or dws not ��
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<br />---__ _ . anaw�r wkhh 30 days �notl�l fran L�nd�r Ih�t tA� hdunnce c�rti6t hts offsnd to c�ttp a of�kn, thon Lond�r rnny colNot the ��'
<br />� "'" � insunnc� prxNd�. Undar may u�� tho pra�eds to npah or reston the Property or to p�y aums ixund by thh S�curlty — - __—_
<br />= • InsWrt�t,wh�th�r or not th�n du�, The 3ddsy perAd wIN bepb when the not��b pHan. " � -
<br />-� .�� UnNsf Landor and DoROxw otherwlse�grN in writhy, rny applfcatbn of procceds to prinoipnl ghnll not extend or postpone the ��`�'��■��T��"
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<br /> ' tfu� d�ta of th�monthy paym�nts rM�rr�d to M par�aphs 1 �nd 2 or chanp� ths unount of th�paym�nri. If undar puapnph 21 ��
<br />• th�Prop�ty b�cquHd by Lender.Borrovr�fs rlpht to any hsurance polbtes and proceeds rosuRhp hom darn�qe to tha Prop�ty prbr !�=� '��
<br /> � to th� aaqukRbn 6haN ptss Io Lander to th�wctant of the suma secured by this Securky Instrument hwnedlatoy prbr to the �1�
<br /> "'.�. s:t
<br /> . ��. aaQukkion. ��`° :'
<br /> ���� 6. Occup�ncy� P�e�ervat�on, lVltlntenance and Protectlon of the Property; Borrower'a Loan � ,�'��:� '��
<br /> ��� . f �.�;•:?'
<br /> AppllauUon; LC�fEhQl�� Bortower shaR xaupy. estsbNSh, and use the Property as Bonowers prMtcqel residence wkhh sbRy '�.^����'•,�;:
<br /> days �Rer tha ex�cutbn of thb&eCUrky Inewment end ehall continue to xcupy the Property es Borrower's pnc�lpat resk/ence for at ',•.� '�"'..
<br /> -� fevat ono yNr aftar the dato of occupanoy, unl�ss Lendor othorwiso a9reos h wrRhp, wh�h oonsent shd not be unriaaonaby �. '�..�� �
<br /> ,; wRhheld, or unbas uRenu�thp clr�umsUnc�s arbt whfch us bayond Borrowers control. Borcower shaN not d�slroy,dam�p�or Mpat
<br /> • th�Property,allow ths Props�ty to daterbnte, or commR waat�on tho Property. Borrower ehaN tw In dofauk�any for(ekun actbn or
<br /> , procNdinp,wl�eth�r ohril or c�lmhai,b bepun thtt in lend«'s pood fnkh Judprrwnt coufd resuk In torteiture of Iho Property or oth�rwise
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<br /> ., •�. o...�� .� �..,,.,Y�.,� ti„•w� a....,,n� i�e�..�...� �„ �.��ra e.n��riw ht�mef. Borrouror mav curs nuch a dNauk end
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<br /> reheUte, ta provlded h parapnph 18, by ctusiq the actbn or pra:eedinp to be dfsmbsed wfth a rulyQ thst,�Lenda�s Qood taRh ., �
<br /> ' detMnhntbn, preabdss IorteNuro of tho Bonorrers ht�rest In the Prope�ty or other materinl Impahnant of Ihe Ilen croated by this
<br /> S�ourlty Inawment or L�nd�'s security lnteres4 Borrower sheN afso be In detauk ff Borrower, durhp the bnn �pplicatbn process,
<br /> ' pave matorkly fabo or heccunts Inlormatbn a stita�rbnts ro Lender (or falied to provide L�nder wNh nny materkl hfortnstlon) h ,
<br /> oon��ctbn wkh the loan evklanccsd by the Note,hcUclinp, but not Ilmked to, representntbns coac�rninp Bortowere occupanoy of the
<br /> - Prop�rty 4s� prholptl nsfdenc�• It this Socurty Inetrum�►t �s on e leasehold, BoROwer shQli compy wRh�a the provfsbns ot the
<br /> sase. It BoROwer scqu�as fee tkle to the Property,the leasehold and the fee tkb shall not merge unless Ihe Lender egrees to the
<br />_ m9rper In wrkhq. Form 902E O/o0
<br />.� • Ft07�.LM0(9/96) Pap�2 0l 6 -'
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