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<br /> '.t .,.G Borrowefs escrow ascount under the tederat F�ea1 Estate 3sWemai►!Procedures Act of t974 es amended from tkne dme.co�ect d ��L�.��..;.,;,
<br /> . .. - 2641 et seq.('RESPA',uni95s enother taw that aAPBes to the Fmds sets a fasser 8mount If so.lender may.at anY � .
<br /> . -� •v , ho(d Funds tn an amount not to exCeed the tesser emourt. Ler�dar may esUmate the amount ot fur�ds duB on the besis ot aurrent daffi - ;. '.'� �". '.
<br /> � r: �``., en0 reasonab�astinmtas of expend�ures ot fuh�ce Escraw ttems ot othenvfse En aecardance w�h aPPQCab�law. ;� '.
<br /> �,` ;�:° �' • '� ; The WnOs shaU be held in an InstBufion whcse depos9s are insured 6y a (edsrai eSenaY. InstrumenffiGtY. ot e�rtitY (tnduC�9 '. _ .:�, �_l,t� �
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<br /> ' LBt1dBt.g Lender is such en instimL`on)or tn eny Federal Hcme Loan Benk. LB�id�Sh�BPP�W BCCOUt��Ot v@►Qy 9 U10�► �.,r` ' ..•,w;�
<br /> ` F the Funds.annualtyy enatY�n9 �� .
<br /> . , Lender may nat charge Borrower tot hotding end epD�9 ° � ,
<br /> � ` Howevet.lsnder � .
<br /> .`; . ttems.unl8ss lender pays Borrower i�terest on tAe Funds and aPD��taw pertnRs Lender ta make such a ChBrge• .
<br /> maY reQuire Borrower to paY a on�thn0 cher9e for an indeAendent real estate tex reParttng senrfce used by Lender In ccnnectior►w3h ,
<br /> ` `, '` ttsis Wa�.untess apP�te law provfdes oU►e�xrise. Uc►mss en agreert�nt ts made ar ap0��law�equtres interest�to 9 lfawevar.that . -c; ` .,.` .�`;:
<br /> ,... -�:, sha0 not be reWued to paY 8ortower enY inte[est or eamfig5 on the Funds. 801TOW@t Slld L0JId8�rtffiY 8$IEe ��:i .
<br /> `-'"�^� interest shau be paid on the Funds. LenQer sAaO gt+re W Boaotser.w3ttout charBe. an annr�al aceounttng ot the Funds. shawtng ��.,4 ,
<br /> -;�-z=.�-=�-��'- e�ed�s end debFts to tRe Funds end the Purpose tor which each QebS to 4he Funds was mada. Tho Funds are Pted9ed es adddtona► _ -
<br /> '� ,' securdy tor aU sttms secuced by this Secu�Y InstrumenL .,
<br /> If tA9 Funds he10 by Lender exeeed!Ae emounts pem�ted to be hetd by aPP�Cebte t�w.Lender SNeD aCCOUnt to Bortower far the �`,
<br /> . excess Funds In accordanCe w�1A ttie tequUements ot appflcab(9 faw. If the 8maunt ot fhe Fun�s he►d by Lender et any Ume ts not � . :�1=.,
<br />- � .. sutficient to pay tl�e Escrow ttems arhen due.Lender may so notEyr Borrower in wrding,en�osin� thanBtw�eMe mon�thhppayments.at � . .. •i.-'�- '.
<br /> ,, _...`<., the amount neeessery to m s k e up t h e d e fi c i e n o 1►.Bortawer 8ha0 make up tfie defiotencY � i�r:, ;
<br /> _. .> :��; Lenders sot9 discretion. � � -
<br /> � . . �pon payment in tvq ot aD sums seeuced by this SecurZY tnstrument,L�der shaA OromAUN refund to Borrower enY FunQs hetd by -
<br /> , I.ender. If,undar paraSmPh 2t.LenQer sha�acqu6e or se0 the ProDenY.Len�r,Ddor to tha ecquisftton or sata of the PropeRY.shaD .� , . �;"'�.. °.
<br /> ;� eAPH�Y�nds hetd by Lender et the time of acquis�icn or sa(e as a txedd egainst tha sums secured by this SeaidtY tnstrument. � _
<br /> . . . . ,':t� 3.Appl[catton ot Raymenta Un(ess ePD�abte law pravtdes othemise.eil paymeMS reeeiued bY Lender under pana9reDhs . .
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<br /> ',` " . ,"• 1 end 2 s h a D be aDP Q e 6:t b s t.t o a r►Y D�De S�t charges dae under Me Note: second�to emounts PaYeble under paragre0h��� � .,L,.:; _
<br /> �' � to�t due:tourtb.W Principel due:and Iast.to any(ate charg3s Que under the Mes and tmPosRions attnbutabi� to the PraDertY .
<br />�- _ 4.C118T$@S;Ll@flS. Borrower sheY pay ell f�ces. essessmer►te. ohetBee. -
<br /> ;.'; � � rto over this Secufity tnstrument,and leasehotd paYmenis or ground cants. � any. Borrow�er sha0 Pall �� , _
<br /> r.., .,r , ': wfiicb may atteU� P �Y -
<br /> ---. . --'r � obLgatfons�the mannet Drovfded Tn parsgraph 2.or B not paid in that man.�er.BoROwer sAaO pay them on time�dtreculla wer mafces --
<br /> � owed paymen� Borrawer shall prompttyr fumish to Lender a0 notices ot amounts to be paid undef tAis para�aD • l
<br /> ;;`. , .' these a ents dtrectry.�amower shall promPUN PomisA to Lender recetpts evtdanctng the DaYments. _t _
<br /> es in vutitN9 W �°,- _.:�-----
<br /> r�;.. Barrower shaD pmmpty dLSCharge any Uen which has prioriry over thts Securiry Instrument un10ss Borrower.(a)eSte ��r__
<br /> .. , ...... . . �.-.�.. the payment ot the oOGgadon secured by the Iten tn a manner acceptabte to lsnder,(b)Con� t ehe ento�ement�ot theoQan;or(c) �'���'�`•-=-�--,
<br /> � against entorcement ot the Ren in. tegal proceedings wh1Gh in the lendets opinion opelate to pfe�ren y—
<br /> �:.: :.;:.`..:� � Secu�es irom the hatder of tAe Iten an agreement satistactory to Lender subardfnatin9 the Iten to this Secufitfl tnsUument. N Lender ��� .,�
<br /> • detertnines that any part ot tt�e ProyeRy fs subjett to e tlen whlch may et�+ P�°�Y over tnts Seeurdyr tnstrumerrt. Lender maY S� ;_�--
<br />�`.'- � . Borrowar a notice identdyU►g the tter►• 8ortower shall set(stY the�fen or take arse or more ot the actions set foRh above wMin 40 days . ;�"__
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<br /> � ot the gt�tng of nottce. _�_
<br /> ' 5. Hazard or Property tnsurance. Borrawer snau �eev u+e anctaveme^ss now masw�s or hereafter ereccea on me u�
<br /> . . � ;` Property insured against toss bY�e�hazards IncWded wfthtn the tem►•extended coverage°end anY ather ha�rds.Inctudin8�oods or ``,�_�,
<br /> � tlooding, tor which Lender requires insurance. Thfs insuranee shaU be matntained in the amounts and tor the pertods that lender .__�
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<br /> ��- - -- requtres. The insurance ca�fe�P���9�fe�g���gh�be chosen by Bortower sub�ect to Lendets approvel whicb shail not be '�:.���
<br /> �r� � unreasonaby withhetd. If Borrower faits to maintatre coverage described above,Lender may.at Lenders optton.obta5+cnvare99 to �,,�,
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<br /> „ ':' • � protect Lendefs rtghts in tha Property in aecordance wicA para9raDh�• ,
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<br /> � M tnsurance pot�ies and renewats shall be acceptabte to LenQer and shatl incluQe a standarA mortgag9 eiause. Lender ShaU hsva • -�°--
<br /> � '� � the right to hotd the poficies and renewats. If Lender requVes,Bortower shall promytryl gl+re to�ender a0 ceceipts of patd premlums _--
<br /> + � ' �, anC renewal notices. tn the event of toss.Borrower shail gNe promAt aot�s to the insurance ceirier end LenQer.Lender may makB __
<br />�•� �� � � • proot of toss N not made promptry by Bortower. , _ -":=-
<br /> �.. � ' Untesa 1.eaQer and BoROwer otherwlse e8ree in w�Rin9�tnsurance proceeds shall be flppIIed to restoraUon or repab of the PropeRy , �r„�A
<br /> ' '`� ~ damaged,H the restoration ot repa6r Ls econamkalty feas�te and Lende�s securfty is not tessene0. B tha restoration or repalr 1s not
<br /> economically teasmte or Lenders securityr wauld be lessened,the �nsurance proceeQs sha0 be aDOj�d to the sums secured by thTs
<br /> Securhy Insuument, whether or not ihen due, wfth any ezcess D�d to Borrowe►• 8 Bcrra�►er abandons the Praperty. or does not -__
<br /> � answer wfthin 30 days a not�e trom Lender Mat the Insurance certter has OHered to settte e ctaim, then I.ender may cotteCt the , . . __
<br /> •�� , insurance O�coeeds. Lender may use the proceeds to repaU or res+.�re the Property or to pay sums secuced by thts Securlty
<br />. � � IngWment,whether or not then due.The 34day OeHod wili begi�when the notiCe is g1v6n• .
<br /> � Untess Lender end Bortower otherwise agre0�n writing, any apOncation of Oroceeds to D����a�g��not exten0 or postpone the
<br /> . ' due date�of thQ monthty payments ceferted to in par8graphs t and 2 or change the emount ot the peyments. li under para�aph 21 ' •
<br /> ..,�;�_ � � tne Property Is acquUed by Lender,Bonovrers right to any Insuranc9 polictes ar�d proceeds resufting Rom Qama9e to the Property pRor ;
<br /> to the acquisiqon shall pass to Lertder to ths extent of the sums seCUred by this SecurRy tnsWment immediately Orior to the •r ,
<br /> • � � acquisition. BOIPOW@t'�3 L08D � � , ,
<br /> � � 6. Occupancy, Piresc3rvation, Maintenance and Protection of ttie Property;
<br /> � .. ' � ApplicaUom, L@8S8hO1dS. Borrower shaD occupy,esteb�lsh.and use the Property as Bortowefs pMCipa1 residence wtthin sbctyr
<br /> � �•• � ' � days after the exeeution of this Seeuriry Insuument en0 sha11 eorrt(nue to accupy the Prapsrty es Bortowels prinCipa�residence fot at
<br />�� � least one year after the date of oecupency, untess Lender othenvise agrees In wrRirva. wDbh cansent shaU not be unreasonabty
<br />,s' " ..
<br /> � . . witnhetd,or uniess extenuating cUcumstances exist which ere beyond Borrowers conVOl. Bonov�er shall not destroy.damage or impab .
<br /> ;:�� , the Property. BfloY+ !h0 P�oAeRy to QetellOrBte,or comm�t waste on the Ptopetty. Bortower shall be in defauft it anY�ortedu�e ectio� or
<br /> proceeding,whethor eNil or crimmal,ts begun that In lendets good faith Judgment could result tn toASfture of tho P�operty or otherwise
<br /> , . ., materialy impair the lian created by this Security Instrument or lendets securRy interes� Borrower msy cure sucA a detaufl and
<br /> reinstate,as provided in peragraph 78.by causing the action or proceading to be dlsmissed wRb a ruen8 tha� In Lenders good taith
<br /> � • � determinatton, precludes toAeiture of the 8ortovrer's Nterest In the Property or other material imPairment of the ����UonOpbacess, ��
<br /> r Security �nstrument or LendePs security �terest. Barrower shall atso be in detauft N Boaower, during the toan ep0
<br /> • � gave materialty fatse or inaccurate Informatlon or statements to Lender (or failed to provide lendsr with any materlal Informetion) in
<br /> - . � connection with the Ioan evidertced by the Note,inciuding,but not limRed to, representations concemin9 w h 8'let�he p ov Sions of the
<br /> �� , � Property as a principal resldence. If this Securlty Instrument is on a teasehotd, Borrower shaU camp y
<br /> ;•; 't:. , lease. II Borrower acquires fee Mte to the Property,the Ieasehold and the fe0 tRte shall not merge untess the Lender agrees to the
<br /> �� Form 3028 e/90 �
<br /> : � I merge� �n writing.
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