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<br /> Bdrrower's esaovv aecount under ti�e tadsrai F?eal Esffite Settlement Procedures Act of 1974 es amended hom tbne ta t�ne.12 US.C. ',.Vf`; ` `
<br /> '- . , c f 2501 et seq.I��SPA?.untess eno t h e r t a w t h a t e R P�m the Fun�sets����'BmouM'oi funEs due ony t ho basCS o f c u r�n t d a t a °•,`cw,,`
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<br /> � ' ' Aotd Funds tn ar►emount not to e�a�eed the k�sse►amounG L.eode► Y � .. . :,
<br /> � and re9soaabie�tUnaLas of�cpend�ures ot fut�us Eserow ltems ot othsnerise fn atxordanos�►e�PP�ts Isw. or� ���8 .. „ . �� -
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<br /> . `, 4_ Ttie Funds shafl be hetd fn en ins�@utfon wtmse QsposRs ace �suc8d Oy a taderai eBen�Ythe Fun�Y tRe Escrow Items. - ' ..
<br /> �� , Lender. f1 Lender is sueh an tnst�tion) or tn arry Fsderal F9om0 Loen Bank. Lender sh�eA�w aecount,or verJNtn9 the Esctow a; ,
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<br /> Lender may not char6e Borrowe�tor hotding and aDA�Y�9 the Funds.ennual�l�a�Y�9�to make such a eharge. Mowever.l.ender
<br /> Items.untess�enQer PaYs Bortower intetest on tlte Funds end apPf�ebis�a�p� � • ` �
<br /> �� - '� rnay reyuire 8ortower to PaY e one�hns eneBa iw ao indep�deotemer►t is rtfaQe orDe�D�[e(aw teW�interest to be p��e � :,� ,' .
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<br /> � � { this loan.untess apP�able taw provtc�es othmwtse. lJnbss a�e in wr3a�9.however.lhat Q ;. �� "` �� 4 ,
<br /> on the Funds. Bortower and LenQer maY&�SB '� %' � .
<br /> ' - --'"'• ` shaU not be ra�+6ed w pay Sorrower any Nte:est or eaminSs '„ ,: �, .
<br /> •---.x.,---,. . � •
<br /> - �terest shaD be pa►d on��d� ��ose tar whfeh each deb3 to�tf�eu W��� The�Funds era P 9 d�•add3tonal .
<br /> �- .. c,c e d�s a n d d e b d s t o t n e � ° Y � -
<br /> ' security►tor a0 sams secured by this Securiall u►suumen6 �
<br /> M tNe Wnds held Dy Lender exeeed the amounts Parmdted to be hatd by eDORcab�law.Lender shsll acCOUnt to Bartowet�r o=
<br /> - � - w�h Ne re�i�eements ot eppQCabte law. If the amnunt ot the Ponds Aetd bY��shell pay to Lender f� . .
<br /> � excess Funds �accardance . : �. :
<br /> - suffielent to PaY�Escrow items whe(� Que.LenEat may so natGy Borrower tn wr3tng.�in o more than tweNa monthry payments.et � �. -. � ;;.-
<br /> , � . the amaunt necessa�t�make up Ne defici�ncy.Bortovrer shell make up Me defic[enaY ,,,,
<br /> .�. . Lenders sote discretinn. tnSWment,Lender shall prampt�Y retUnd to Borrowet eny Wnits held by ' F�"`+.� :.
<br /> �
<br /> Upori payment Tn fu0 ot aU sums secured by this&ecurr�Y riar to tne ac4�isiUon or saTe at the ProDenS►.s� , ': r-:,.-.;�;_
<br /> • r`�c;. Lender. If.under P�9�Pfi 21. Lender shell ac4uire or seQ the ProP�Y.LenQar.P tnstrumenL • ~_�-
<br /> ,: - � . � BADN�Y wnds he[C by Lender at the tkne of flcqutsN(on or saie as a credg aga�nst the sums aecured bY this 3ecur�Y �':�'>'�—�-
<br /> � � - g- ApPficatton ot Payments. Untess apPlicabls iaw provides othetwise.ell Pa5►me�u�� by��er under PeaaSraDhs , •:'�''-_
<br /> .,i`. t and 2 shafl be eAPtied fust.to anY P1ePaY�nt charges due under tAe Note; second.w amounts WYabie under D�9�Dh�th�d :,.,s. .. __
<br /> � � al QuO: and(ast.t0 8nY late ChetQes due untler the l�tot9. '�'.:;1 =
<br /> "��.-; to interest due:fouRtl.to P��P '.---
<br /> ,. 4. Charges: Uens. eorrower snau aar e�t�. a�eSSmems.cherseso ftnes a���0any.9omower snan vayrome e � ��'��',:____
<br /> r. � _. ....�-� � which maY�P�a�Y �this Secur�S► InsUumenL end teasehotd palRnertts �° _ _--
<br /> _: o611gatlons fn the manner Pra�ided In para�aPfi 2.or 9 not Patd in that�nner.Bortowet sh811 DaY them on tUne CfrectN rtower mskes � `�
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<br /> owed paymenL Borrawer sAatl promP�Y�mtsh to Lender a0 notices of amounts to be pald unQar this P�9�D • --
<br /> .. ' these PaS�ents dtrectN,Borrower shatl Prompt►Y tumtsb to Lender receipts evidenatn9lhe PaY��• ��B to 3�� �••�;^
<br /> • � Borrower shail promptty disaherge eny Ren whict►has 9�a�Y o�r���cu�Instrument uniess Bonower.(a)aqrees
<br /> fi a manner aeceptehle to lender:(b)contests in good faRh the Qen by.or detends '`'{ '••..;�" s
<br /> , .' ' : sewred e the Iten t ot the 6en:or cc) . , -�;�'�_
<br /> � t h e p a y m e n t o t t h e a b l t g a t i o n Y -•-:�-�, � ,,�
<br /> ' � � .`, '` aga�nst eMorcement ot the nen tn.ie9a1 proceedin9s whkh in the tsrt Qe rs oD)n i o n o p e r a t e t o P r e v e n t t h a e n(o�e nme�sVumen� tf Lender
<br /> � secures trom the hoider of the Iten an agreement saUsfac[ory to Lender s�sbordM�atln9 ther^n�t S��rn���� �n��y� =.-'{��a
<br /> . . detertnines that any Part ot the Properry is subject to a Qen whtcfi may atffiin 0 �7I� --
<br /> . 8ortower e notice idaniiiying the fien. ,Bortower sheH satistY the��en or take one or more of tt�e 8ctfons set foRA abave w�hin 10 day5 .. 1,
<br /> � , . of the givin8 of notice. ...:%��
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<br /> � � �� �� ; 5. Hazard or Property Insurance. Bortower shatl keep the unvrovemencs now ex�ng or nereafter eracced on tt►e ._�--
<br /> '` 4.•'.<. Insured against toss 6y fire. hatards included within the tertn'�ctenQed coverag0'end any athet ha�ards.trtcWdTng floods or •.. : . «�
<br /> Propeoty .-
<br /> • ftooding,ior whi�h Lender requir�es insuranca This insurance shall be mahtalned N t�e a�►����d tor the periods that Lender �
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<br /> requires. 7t�e insu�anee�� �ro��������e sha0 be chosen by BoROwer subject to lendefs ePProval which shatl not 6e �_.��
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<br /> ` ' � unreasonabry wkhheld. tf Borrower faits to maintatn coverage descr�bad ebove,Lender maY.at lendefs opQoa,obmtn co+rera8a to . 6 ���W
<br /> . ., ptotect Lenders rights in the PtOperty (n aCCOtdance wfth paragreWh?. •.. �:•_ __
<br /> �r.�ys-
<br /> Ail Insurance policies end renewab shail be acceDtabte to Lender and shall inc(ude a�deN��R9$9e c����p a p��ms �`.a�:=��r-
<br /> � t�e rtght to ho�d the po(ICies and renewals. If Lender requUes.Borrowar shafl promptry 9 _,�-��
<br /> . � end renewal notices. tn the event of loss. BoROwer shaA gl+re OT�mDt noUce to the insurence c�rt�er ena�-ender.Lender maY make ''_�ff�
<br /> • � . proo!ot loss H not made�Dromptry by Borrower.
<br /> ��.��:�.
<br /> � Untess Lender and Bortower otherwlse agreB in v+�rtin9.lnsuranCe proceeds shail be apD�led to restoraUon or reDatr of the Properry ��
<br /> .- . , . • damageC,n tlie restoration or �epalt Is ecanomtca e��e ed�he insurance Pro eeds Sha be BappQ9dt to�t sums secwred by this
<br /> • economicalN teasa�e or tsnders secur3y would b a��� gortower. If Bartower ebandons the ProPertll• er does not
<br /> -• --_...—=,�T - ,
<br /> Securrty Instrument, whet�er or not then due, w1ri enY � C -�. .
<br />� answer within 30 days e not�e trom Lender that the tnsurance carrier has oHend to settte e Claim,then LsnQer may COQect the �"t,�''.
<br /> ' insurance R�o�O�• �ender may use the proceeds to repab or restore the Propert5► or to pay sums secured by thts BeCUriry
<br /> � -� ' � ' Instrument,whether or not then due.The 34day period will begln when the notice is given. � '
<br /> • Unless lender and 8orrower othenvise agree in v�nNQ�a�Y BPp�Uon ot proceeQs to prtncipal shail not e�ctend or postpone the .
<br /> �� Que Qate of the monthly payments roferred to in paragraphs 1 and 2 or change the amount af the payme�ts• H under paragraDb 21
<br /> , ' � the Properry is ecquUeO oy lsnder, Borcowers rig�t to any insurance Do�����d D�oceed9 resufting irom damage to the P�o or optha
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<br /> ` to the acquisiqon shail pass to LenOer to the extent ot the sums sscured by thts Security instrument trnmediataly p
<br /> � ac4u�snion. Malntenance and Pro4ectton o� the Property; eonower's Loan :. .
<br /> � 6. Occupancy. PreservaUon, ,
<br /> � � �. ApptlCaUon; LeBSeholds. ecur�Wnswmantcend�hanbconUn edtosocCUpy�eeP PenS►es Bo owe s Prn ma��esdg^ce�°�a '.�
<br /> ' daYS aftor the execu2ion ot this S 4!r �
<br /> teast one year atter the date ot occupancy, unless Lender otherwise agrees In Writtn8� Which consent shail not be u B a(o�p�
<br /> withheld,or unless extenuating cVCUmstances ex�si which are deYond BortOwefs CBO owegshall be inadetau1tdH eny,t tteiture ection o► � , ' .
<br /> the PropeRy,a0ow the Propsfty to detedorate,ot commit waste on the PropeRy. or otherwise _. .
<br /> � proceeding.whether civil or crlminal.Is begun that in Lenders good lafth Judgment coutd resutt In toReiture of the P�opaity
<br /> . materiauy impaU the tien created by this Securiry instrumen^or roCeeding toube EiSmissed wRh e �ulin9 t at,N Le�tl rg g�d�h '
<br /> reinstele, as provided in par89raA� �8�bY causing the aCt o P
<br /> . :. � Oetermination,me tt oeLendersrseeurtRy interest BrBo o8wer1sha0 aisor 60 tn CefauRBH 8ortowier duNnB the toen epD�lCaUo dDbocess, .
<br /> ' Securiry tnsW �
<br /> ggva matRria'�htthe loan evidenced bq theiNoterl�Cluding,butonOt 1lmitedotOatlepre5entations concemin8 Bo owte s o��D�Y ot t e
<br /> " , ' � C o n n e C N o wRh eil the provi5lons Of tt�A
<br /> PropeRy as e prineipal residence. If this SeCUrity Instrumen t i s o n a f e e s e h o l d,B o r r o w e r s h e l l eom p ty
<br /> ' iease. If Borcower acquves fee titte to the Property, the teasehold end the tee titte shall not merge untess the Lender agrees to the , ,
<br /> � � , Fotm 3028 9J90 . -
<br /> � � merger in writing• .'
<br /> i'�• Pags 4 01 S . . .
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