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<br /> �I� �0��� .` � ' •� .�4-, S
<br /> The Fund+ +hall be held in an icutitution whose deposiu are iasured by a federal agency. ii�..trumentality, oc canty "f : ' �t
<br /> �including lxnder. if Lender is�urh an intititutiunl or in any� Federal Home Loan Bank. Lender>haU apply the Funds to pa�the : , , �.�.._
<br /> Eticrou ltem.. Lender mdy nat charge Burrower for holding and applying the Furtd�.annuaily analyzing the c�rruw arcuunt.or . � , =-.,�
<br /> ver�fy�ng thc E�r�uw hem�.unle�+L.ender pay+Surrower mterest on the Fund�and appli+:able!aw permiti Lc:ndtr tu makr+uch . , _�
<br /> � a rharge. Hoaeeer. LrnJer may reyuire Burrowcr tu Pay s une-time charge for an independrnt real cawte tax reponing�rrvice , � �,
<br /> � u.ed b} Lender in canncti-tiun w•ith th�a I<�an, unletis applirablr taw proo�ides uthe�i�e. Unlet. :u� agreement i+ made ��r , ,�
<br /> applic:�bl�law rcyuirc.mterc�+t w br paid. Lender ShaU nut be reyuircd to pay Bi�rro���er any interc.t nr wming���n thc Funds. �
<br /> Burruwrr:utd L.enJer ma} agree in�tiriting. huwr��er, that intere�t shall be paid on the Fund�.Lendcr shall givr tu Burn��ver. —
<br /> withuut chargr. 3n annuel :tccuunting uf the Fund�. ,huwin� crc�iits and debits to the Fund+and thr purpc�,e fur ��hirh u"ich . —__
<br /> debit to the Fund���a�made. Thc Fund.ar�pleciged ds addiuonal security for all �um,+uviceJ b� thi.Serurity ln�trument. . . , w ;�_
<br /> If thr Fund+held by� L.ender exceeJ the s►nuuntti pertnitted to be held h} a�plirable law•. L.end�r,hall acruunt tu Borrow�cr , �.
<br /> , _ .� tar thr ezrc..,Fund,in acc��nianre with the myuirementti�f appli�able law. If the:imc�unt uf the Fund�held h� L�ndcr at any ' _
<br /> r=..,� time i�not�uf�icient tt�psy[he E+crow Item,when due.Lender ma} ,u nutif} &�rm�vrr in w�riting.anJ.in wnc�a�e B��rro��er - _..-- - — - l _l_
<br /> . . .� ,hall pay tu L,endtr the :imount nerr»ary to m:ikc up thc deticien�w. Burruaer >hall mikr up thr Jefer�cnc} �n n�� murr than
<br /> . � twel�e monthly payment,.at Lrnder'�+ole Ji.cretion. , - • _
<br /> � Upun paymrnt i�i full e�f all .um. ��cured hy thi, ScYUriq In�trument. LCnJ�r +hall prumptly re(und t�� B��rr��wrr:ury , __
<br /> ' Funds held by Lender. lf.under paragraph 21. Lendcr�hall scyuire or�ell the Pr�ipen}•.L.cnder. pn��r t.�th�acyui,iti�m��r�ale
<br /> ;;; uf the Property.shall apply�ny Fund,held by Lender:�t the time uf aryuisitic�n ur+sle a+a rrtJit ags�n.t th�.um.�ecurui by •���i _ _
<br /> thi�Sccurity I�utrument. '
<br /> 3.Application of Paymentti.llnle.�applicable la�► provides otherwi�e..�II paymcnt.rerened h� LenJcr unJer pdragraph� ',�-�.,� .-
<br /> �a•...�.+.��•
<br /> - 1 nnd ' +hall be�pplicYi: 6nt, to en� prepxymem charge+Jur under the Note: seconJ.w amoum.D�y�nlr undrr paragraph ?: =^`__:
<br />' thini.u�intere�t due:fuunh.to pnnr�pal due;an d la+t,to any la t e c h:t r g e s d u e u n d e r t h e N u t e. � y •;`�;��Y{�--_—
<br /> �b.Charges; Lietu. Borrower shall pay all taxes.assessments,charges. fines and impo+itium attributable tu tht Pro rt
<br /> which may anain priority over this Security In�trument, and leasehold payments or gruund rer�t.. if any. Borrower shall pay ,.,_��_,.�
<br /> the.e obligations in the manner provided in paragraph 3.or if not paid in that manner. Borm«�er shall p:iy them an time directly , �
<br /> to the penon owed payment. Borrow•er shall promptly fumish to Lender:ill notice+of amount�t��be paid under thi,paragraph. _ ��.��_,__
<br /> If Borrawer makes the,e payment,directly. Borrower�hall prompdy fumish to Lender rece�pt.tvidencing the payments. ,
<br /> Borrower shall promptly Ji�charge any lien w�hich has prioriry over this Security Imtrument unles.Borruu•er. tai agree� in ,���Y '-��i�
<br /> writing to the paymznt of the obligation.erured by the lien in a manner xcceptable to Lender:Ib)c�mtc�t+in gixxi faith the licn .. . �;.�__ _�
<br /> � � by, or defends agaia+t enforcrment of the lien in, legal proceedings which in the Lendcr'���pimun ��perate �o prevent the 4-L_�y -��.�., ,�.
<br /> - enforcement uf the lien; or(c1�ecures from the holder of the lien an agreement tiatisfactory tn L�:nder whardinating the lien to ___-�___���,.
<br /> this Security instrument. !f L.ender determinc� that any part��f the Propeny is subjeet w a lien �vhich may attain priority over ::� ,�. .
<br /> , :,.; thi,Security intitrument. [.cnder may give Borrower a notice identifying th�lien. Borrower�hall ,:+ti+fy the lien ar take one or
<br /> • more of the action.+et forth:�bu�e w ithin 10 dey�of the�iving oC notire. ' _ _
<br /> : ��':, .
<br /> 5. Ha�.ard or Propert}� Insurance. Boaow�er +hall kcep the improvements now exi+ting ur hereafter erecced an the ;:� ;:,�. . j;:. �.,
<br /> Property insured against loss by fire. h:�ard� includrd a ithin the term "extencled ru�erage" and any other haiarcis, including ._1. .� t
<br /> flood5 or tlooding. for which Lender reyuirc�insurance. This insurance�hall he maintained in the amount-�and for the periods - :,� :
<br /> �.r-.' that Lender requires. The insurancc�-arrier proviJing the in,uranre,hall be chosen by Borro��'er subjut to L.ender'�approval �.,}:: � 't: _ �``-
<br /> ,..' ; �
<br /> which shall not be unrea+nnahly withhetd. If Borrow'er failti tn maintain cuver:�e de�rribed abuve. I�nder may. at Lender'� .� � �. �;.
<br /> option,obtain rnverage to protect lxnder'ti right�in the Propeny in accurdance�vith paragraph 7. -.- �• ;d� � �
<br /> All insurance polieieti and renewah hhall he acceptable tc� I.ender and tihall include a standard mortgage clause. L.ender -�•�-.�+ «
<br /> - rhall ha��e the right[o holJ the policie+and renewals. If Lendcr reyuire.. Borrower�hall promptly givc to Lender all receipt5 of `� �
<br /> paid premiums and ren�wal notice.. In the e�•ent of'lust,$orrow er>hall give pr��mpt notice to the inwrance carrier and Lender. ,j�J %
<br /> �
<br /> Lender may make pmof of loss if not made promptly by Borroaer. �,.
<br /> � Unless l.ender and Bnrmw�er utherwiye agree m writing. imurance proceeds shall he:spplied ro re�toratiun or repair of the • js . -
<br /> Property damag�.if thc rc+turation or repair iti ccunumiwlly tea�ible anJ LenJer',�«urity i+not lcs�enul. If the re+tnration or _ • ��: _
<br /> • repair is not economicdlly fea..ible or L,ender's+ecurity�would be lessened.the insurance procerds�hall be applied to the sum+ ; •-�r.
<br /> � secured by ihis Security Imtrument. whether or nut then due, with any exce�,paid to Borm�vec If Borrower abandons the i .,:,____
<br />` � .,notice from l.ender that the insurance rdrrier ha.ti offereci tu.rettle a claim,then "' �et '
<br /> . .. . . ..�.r.::�����
<br /> � ...- pfu�Clty. �rt u�n:�iivt ai�k..i ..:s ,f��•• ��,,,� _,_�.
<br /> l.ender may collect the insurance proceedti. Lender may u.e the proceeds tu repair ur restore the Property or tc� pay +um+ ,�
<br /> secured by this Security In+trument,whether or not then due.The 30-day periucl will begin when the notice is given.
<br /> Unle�.ti Lender and Borcower otherK�i.e agree in writing. any application of procer:dti to principal �hall nat extend or
<br /> •, po.tpone the due date of the munthly paymcnts referred tu in paragraph� 1 and� ur change the amount of the payments. If " '
<br /> under paragraph 21 the Property is acquired by lxnder. Borrc�wer's right to any in.urance pnliciey and proceeJ+rewlUng from ���
<br /> � damage to the Property prior ro the dcquis�twn shali pa+s to Lender to the extem uf the Sums x�ured by thiti Security Instrument �rI �;.�.�:��y—';;
<br /> -- immediately prior to the acquisition. ---—__..- •y-�=
<br /> 6.Oscupancy.Preservation.Aiaintenance and Protectton of the Propert�:Borro�r•er's I.oan Appliption;Leaseholds. �;�::
<br /> � Borrower shal)occupy.establish,and u+e the Property as Borrou+er's principal retiidence within sixty day+after the execution of ��-:-��-- --
<br /> ' this Securit} Instrument and.hall c��r.tinue tu urcupy the Property a�Borrower'�principal residence for at lea.�t eme year after � •; ;�• '-;
<br /> • ihe date of occupancy, unle�+L.ender othenvi�e agrc•x�in w•ritmg. which consent�hall not be unreasonably withheld.��r untes�
<br /> extenuating circumstances exi�t «hich are beyond Bottower'. control. Borrower shall not d�wtn�y. damage or impair the
<br /> . Property. allow the Ptopeny to deteriorata or rommit wa�te on the Property. Borr��wer shall be in default iP:iny for(eiture •,� n•. •,, ,�'
<br /> � action or proceeding, a•hether civil or criniinal. iti begun that in Lender',guod faith judgment could retiult in forfeiwre of the � :�y,;,:
<br /> � Pmperty or otherwi�e matcrially impair the lien cr.:�::cxf by thiy Scxurity Intitrument i�r l.cnder'ti tiecurity inter"t. Borrowcr may o v_ .. _ . :�,
<br /> ; . . ,�:
<br /> cure such a default and reinstate.a+providcd in par�graph 18,by�auSiJlg the action or pruccaiing to fie di�mi�.ed with a ruling `•;:,.•,;;�;;, `..
<br /> :,..:. ... ..: .
<br /> � that. in Lender's guud faith detcrmination. precludeti f<�rtciture ��f thc Bi�rrow�cr's intcrc.I in thc Pmpeny ur other ma teria l ����`;
<br /> � impairment of the lien cre�atul by this S�curity In+trumem ur Lender's +ecurit� interest. Bnrraw•er �.hall al.n be in default if ,,,�.,,,�.�„
<br /> � Bonower,during the I��an appliration proce�+.ga�•e materixlly fal.e or inaccurate infi�rmatiun or+tatements to Lender lar failed --� . ' �..
<br />, to provide Lender with any m�terial inf��rmatiun)in connection with the loan�LidencuJ by the Nute. incluJing. hut nut limrted """;�'.'!��'}�..�-.-
<br /> . . to,representatiom concerning BurmW+er'��xtupanry��f'the Pmperty a.n principal reyidcnce.If thi.Scrurity In,trument:���n r ��'a�e.:�=�;:'
<br /> y p y . y,-�.� .. �,.;�—
<br /> leasehold. Borroaer �hall comply with aU the pru�uwm uf thc Iw.c. If Burru�ticr a. uuc, frc titl. w thc Pru crt . the
<br /> leasehold and the iee tide�haU not merge unlc�+L.rndcr agrce5 to the merger in writing. ����,`��.,�,.,,,��Y' �
<br /> ' 7.Protection of l.ender's Ri�hts in the Pn>pert}�.If Borrower fail�to perforni the rnvenant+and a�rcemcnt.containc:ai in .. • .�a4..-• . _
<br /> ..�:b'ral�.'
<br /> thi�Security Intitrument. or there i.u legel procreding that may signiiicantly affect Lendei� right. in the Prnp�rip (ru�h as a .
<br /> • • proceeding in bankruptcy. probate. fi�r condemnsti��n or forfeitum nr to enf��rce la«+��r regulationt), then Len�icr may du and . . .. • --
<br /> . pay for whetever iti necatitiary to protect the calue ��f the Propeny and I.ender'� right. in the Pruperty. LcnJer'� actiam may �;,,: __
<br /> • � incluJe paying any +um� +ecureJ by a lien wh�ch hay priority uvcr thi. S�curity In�trument. appearing �n rourt. p:�ying , _
<br /> rexsonable auorneyti' Frc+and entering un thc Property t��make rcpair.. Although l.cndcr may take s�yi��n under thi�para�ruph � s .
<br /> 7. l.ender d��e�not havr t��do�n.
<br /> Any amount. ditihurticd hy [xndcr unJ�r thi+ parngraph 1 .hall bcrumc addiu��nal d�ht nf Rattower �rrurrJ by this . , _ - _
<br /> •' Security ln,trument. Unletis Borr��wer and l.cndrr agnc�o oth�r term.nf payment. the�r amuunt. .hall hrar intere�t trnm the
<br /> � � Jate uf diybunement at thr Notr rate anJ tihall he payable. with intere+t. up��n nuticr Irom I.enJrr 1�� Li��rn��cer reque�ting . .
<br /> � • payment. .
<br /> 8. Atort�a�e I�sursnce. If L.endrr nyuued m�mgaEe inwranre a�a ri�ttditiun��I makm�; Ihe li►an�erured M•thi.Srcunty
<br /> • Intitrumrnt. Burmwcr �hull pay thr pnmiunn rcyuircd to m:unta�n thc morlgagr imurancc in cttrrt. If. ti+r am� rra+un. Ih�
<br /> mr.ngage in+urancr cnccragr reyuired by Lrndcr lap+r,ur rearc,a�he in effect. Hurn�wrr.hall p:n thr pnmtunn mywrcJ tu
<br /> ��btain covcr�gc+ub.tanuall� cyw�alrnt tu thc mnrtgage in+urancr prr�i��usly m cffcct. at a ru�t+uh�tantiaU} cytmalrN t��th� �
<br /> -� ro.t to B�ttrower �,I the nwrtzage inwrance previuu.h in rltrct. fre�m an altematr I111t��+JLI' m,urrr .�ppn,�ed h�• lA•nder. II' . . '.�
<br /> ' , � .••a Form 3028 9�90 —-----�=- — —
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