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<br /> 'TM Funds si�ali be hetd in an institation w�osc dw•posits are insut� by a ftderal ageacy. instevmentaiity. or enuty �.=`_
<br /> :,�� .:. •.•.N, .., (iacluding Lec�er.if Lxnder is such an instiNtion)or itt any Fedcra!Home Loan�ank.Lender shail appty th�e Funds to pa�the �`N
<br />:°.v..; �,. �... � Escrow[tems.Lsader nury not charge Borrower for hotdin�aad s�plyiag the Funds.annually antilyzina the escrow accotu►t,or �.,
<br /> , . . , gorro�ver flnterest on the Funds ard appticable law permits L�ender to m�ice suth � �T
<br /> ,_=�-r F��.':x v�if�►iog the Esrrow ItemS.untes�Lt�uder pays �:
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<br /> �,�:,•. .,. :: • a c6asge.Howev�t.Lendet tnay�eqoiue Bnrrc�r�er to paj a ane-time ct�rSe for an indepertdent real�tute tax report'sng servue
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<br /> , . . us�d 6y l..e� in cvnnaqion with ttis toan. nntess ctpplieabte laar provides othe�wise. Unles. nn ngretmeret i� � - -
<br /> npplicabte iaw m�uirrs iatcresc to be paid.[.ender sh�tl not bc mq�ired to pay Borrower any interest or curninss oa the Funds• � �'`
<br /> ' BorrQwer and txader may agree it�wr►na�.ho�rever.that interest shal.��e paid on the Fends. Lertder shall6ive to Borru�ver.
<br /> ' . ..,.�:'• arithaut charge. a»anaual acxountusg o€tlxe Funds.showin�credits a�d de6its to thc �unds and the purpose for which eacia `j
<br /> debis to ehe Funds was m3de.Ttie f�usds:ue pledb*ed a�add'suonal sei.RUity far att susng securcd by[his Serurity Insuument. 1'�' -
<br /> � ".` �� tisabte law.Lender shall account ta Ea�wer �_
<br /> -_ '. : -;_F, If tke Fss�cts h�1d by icuQer exceect tEe ac�wunts permitted to be held�by agp '
<br /> "•;`':�`. � • f o r t�e ex cess Funds in aocordance with�ce requiremems of appiicabie iaw.t�th+z azr�t of the F�ls!�L t��.ender at any s-:
<br /> tiu� �s cat�ufficieirt to y�'te Escrow It,.ms when dtte.Lender ma so noti Borruwer in w r i t i n�.a a d.i n s a c h s:�se�orrower t
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<br /> ;'�*� ,:��. . � �t o m a k e u t h e d e ftcie y Borruwer shaU make up ti�ctsfic{e�cy in no more than ,�:�.-
<br /> -�`� ,° st�a:E �tn f.e n d e r t t�ama u a t n e�`f a c y P �Y• �;.
<br /> • .,�„ tvreE�ce moatLly payments.at leuder's sute disecexion. refund to Eorrower any R .�,
<br /> Upon payme�u in full af alt sums socured bY ttsis Secvricy Instum�ni, Lender shal! ps.�mgit} --
<br /> ,. , . - � ' Funds held Ey Lxrtder.if,un�er paiagiaph 21.[.e�der st,a3i aequire or seii tRe Property.Lender.pscuc t�s the acyuisition or s.�2e �_..
<br /> - �. �:.- of ttie Rv�ty.s6a1!appl�e an�C F+u�ds h¢2d bg l.ender ae the t2ate of acquisidon os sa?2 as�ceYdit against Ne sums secytred b} _..,.
<br /> ' � this Securitg[ttssrumem. ---
<br /> .'-:��'� 3.Apgl�catian of�s.Uniess applicable!aw pn�vides otiser+.vise,aU QaXm¢nss seceevec��y I.eRder urnie:p�ratr,raP�es _
<br /> . 1 amd 2 s�hall be�pplicd:Fust.to any PrePayment cha�es du�under the�tote;sewmd,tv amnants payable umtes p�ua$rapl�2:
<br /> . �: ,:_�: -.
<br /> ' ;�...�: . third,to intecest due•fourth.to principal due:and last.to any lace c�arges due ucu�r th¢Nate.tions aunbut�hZ�ta th�FropertY
<br /> , , .. LEPOS.Borrow�er shap�y ali taxes,as�es.�menis.charges. fines ar�1 impo�i.
<br /> , �:�• •�'' 4.Cbatge� Instnutte�t.and Ieasehotd payments ar gruund reras.if any. �o�towe�st�all paY
<br /> :�•r; ,.,'r� which may attain priority o.er tGis Security -
<br /> � ,;; 7 4 1;".. these qbGgations�n the manner QroYided,in p,ar.t$r.i�sh=.or if aot 'd in[hat manner.Barrower sha11 pay ti��t oa time directly
<br /> -:f.',=';:,�i-�xrc±�;� tu t�person owe�!paymen;.Bnrruwer s�al1�promgti.y..fumisb to l.�end�tr nll noiiaes af amounts to 6e paid��T th�s P�S+�Ph• �
<br /> '.__f. If Bnrm�makes these payme!ns Qirecs}.y.Borrowcr�shall promptty fiimish m Le►tidrr receipis evidenang the�ts.
<br /> � � �= � d�schacge:ang!'sen which has pnonry over this Sewdry Instrumecu unless Banouer:faf agrees in
<br /> � Hortuwet shal3 pramgfl�
<br /> --;��?.;:• �.: .;��,'.: writingto the payment a�forceme�o[�t'��e.abint 1ega1 1nPTOC�R&g ���t�l.ender s opinco�n S�io pre„ent the ----
<br /> �,•...:. ...;5;i by. or defeads against ---
<br /> --- .:��..;_:�;,• sausfa�o to Lender su2�.�iva+nag the tien to .
<br /> �` �� "�= enforcement bf the tiea:or(c)secus�s�cosn Q►e lwlder of the lien an.agreemeni•. ,. tY ,
<br /> � f�i ' _>>� this Sea�city xasuument.If lxnder decermines ttiat any part of the Pruperty�s sub3ect ta a l�en which ma��ain prcatiiy over _.
<br /> .� i�;�,F,.,;
<br /> ••.�f�d� this Secu�ey lnswment,l�ender ma��i�Borrower a notice identifying the lien.Homower shall satisfy the t�or take oa,:or
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<br /> c more di the astioas set forth above wittiin 1������S�°f�e�p�vements now exisang or hereafcer erectod an the
<br /> .. . `�:.;�:,�t�.. , 5. E6�tard or �+m�4Y Ir�suranoe.
<br /> - .� �� . : .:�Sp�insured against tosq by fire.hazards iactuded within the term'exteaded coverage°and any other haaasds. including
<br /> • -;'���'.;.:�• � <:.�.�ds Q�#Ia�,for which I.ender requires insurance.'�his insurance siialt be maintain�d in the ainounts mxi for tha perlads .
<br /> "� 6is
<br /> ,� ' '. ,��t<, f;i.s ,":��r�g�����r�s. T6e insuraitce cat�er providing the insurance shalt be ci�osea by Botrower subject to Lender's upproval
<br /> �,r:W .••�,� .- �,�s�.�?�e unre�sonably witti6eId. If Borrower fails to maintain caverage described above, I.ender msy.at lxitder's
<br /> .. ,�� • ..: m accordance wtth paragraPh 7. e clau�.�amder
<br /> 4 ;,.;�_���tion,oblat.�i�overage ur,pi+atect Lendcr's d�►ts in the Property.
<br /> . ..•.�r .;:. : �aa�d cenearats shali be�table to Lender and shait��actude a standand�mo L�ender alt reozipts of
<br /> '--,',� . Alt insurance Po . licies and renewal�:I c�ender reqnires.Sflrnon�er.s6al1 promptty�i
<br /> ,�;'r',j.t s�' •;`'.��;' '. shaU have the right to 1��4i�`�J�.pp' -
<br /> .. '•�paid premiums and renevr�i:�tioes.In the event of�ir;Borrower shall give p�►m�u�iotice to the u�surance car'rier and I.eader.
<br /> ' "� b Borrower. ..
<br /> � Lender may make proof of toss if not c�Ud�e Q�'omptlY Y,, �l bea�+1i�d to�oration or re�r o,T�tRe --
<br /> �� °' 3 -t Ilniess I,euder and Borrower o�se agree in amnng.��'�-�'m' �. �. . .
<br /> � ���,�. .• '" : ProPettY dnmaged.if the restoration or�ir is ecanomically feas4[rt�:tir�;i,G�Ge�s�security is not lessened.If ihe testaraztc6�ia{,
<br /> • �`f`' ��pair is tmt economically feasibte or l.ender s secvrity woutd be I�c�.t�i�nsurar►ce proceeits shall be appliod to tttx c�P�
<br /> •:�:%;.. d to Borrower. (f Bum��...r a�andcjies"the
<br /> � '' ��;,;x�ured by this Securiry Instrument,whether or not then due.with any exs�ss��afi
<br /> .• ..l�"ropeay.or daes aoi atu'wer within 30 days a notice from l.ecider that the insurance carrier has offeted w settt�'g claim. then
<br /> ".;��L ' .�Lender ca�.^;i�coltect the insurance pracReds. Lender may use c6e praceeds to repair or resto� the Prop�:or ta pay'sums
<br /> '`.;'t' �.:` ,' 1,.: 5ecured b�,,e�a�Se�urity Insirument.a�:s or not then due.The 3f!-day penod will begin when the notice is�sied. ... .
<br /> ,:; .... Unless:Y:ender and Borcower d�`�t��,�se agcee in writing. any appliqtion of proceeds to_principal sball�ttot.a�teii�:or
<br /> ' • postpone the due date of tha montlily'�ymenu neferred to in paragcaphs 1 and:2 or change the amount Qf:ttte payrii�is:�If .
<br />_ � `.� .` � .��; . under paragraPh 2I tbe��,�y is s►cquired bS+Lender.Borrower's right ta auy inatu�►ce policies and proceed9 resWtipS fram
<br /> .. . ..��, damage to the Property Pr.lc�;.A?tit:act��s�UOn shall pass to Lender to the exle�d�f��he sams secured by this��ecunty.instrument
<br /> � �.��: immediately prior tn the acqu�sitiait� . `�
<br /> .�,. I.eBseMtds.
<br /> 6.Occopancy.Presesvation.:�i�t��and Protect�on of the�+oFerty;��iruwer's Loan Appilcatlon;
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<br /> � •:�'�,:�•: � Borrower shall occupy.establish.and�use�he Prope�tY as Borrower's�PBorro erresid��p�;�c�itfence for atteast one y�tio�
<br /> ��'.�,. .. �•,;.:'..�.; �.`� this Security Insuument and shall conunue to occupy the Property P
<br /> �` the date of occupancy.unless Lender otherwise agrCes in writing,which consent shall not be unreasonably arithheld.or unless
<br /> -•- ��� '_3�� extenuating circumstances ezist which are beyond Borrower's control. Borrower shall not destroy. dainaSe os impair the
<br /> ' . P'soperty.allow the Property to deteriomte.or wmmit waste on the Praperty. Borrower shull be in defsinTt'.�f any forfeiture
<br /> es
<br /> � � • aetion or praeeeding,whether civil or criminal,is begun that in Lender.'s gaod fa�th judpn,�:conld re5c�t�in forfeiture of the
<br /> • .. �`,,�.,�'` Pruperty or otherwise materially impair the lien created bh 8.by�causu�l the aa�e�il ar pro�a+u.^ians xo fie,�msnu�ssed with a:utinS
<br /> cure such a default and reinstate.as provided in para�rap E
<br /> that,in Lender's good faith determination. precludes farfeiturc of the Borra�iht�'� intec�est f3t�c;'�=ph'a;�ertY ot othcr material -
<br /> ',:.�`cf;,,,;'.,�;r� impairment of the lien created by this Security Instrument or Lender's sccut',or��.=i:�rest. �m�u?we*sha�i�so be in defautt if _
<br /> ' ��;;!;� �;�;•� Borrouver,during th�loan application pracess.gave materially false or inacc�i�'F'vtma�c?o�'ar,�atements��o Lender(or faited
<br /> '`,�;,i�yn ��', to provide Lender with anyr material information)�n of th Pro e�h a princi 21�cesideYt��iu��4�►s Securiy Instrument is on�a
<br /> ,:•.�,��.,�. to.tepresentatlons wttcerning Borrowei s occupancY P nY D
<br /> ,��':��'+���;,� �j� • • � • • leasehold. Borrawer sGafil comply with aA the prnvlsion9 of the lease. lf Bcros�ver �cqw�:'� f8e titic tq the Property. the
<br /> :='`�`���'•i�•�..'`�'�.c' -��- �� 'leasehold end tho fee tf�i�;�i�all not merge unless i.�aa�33:n a8rees to the merger in�-Riaiaag.
<br /> � `��,4�''��`�� 7.Protedion ot�.�pix�fer's Rigbts in the�tu�s�a�i�•.1f Borcawer fails to pra�fam-r�ihe covenants ait�:i��.r.ements contained in
<br /> --:_.�r�,•.., .
<br /> `���E'�;,� '�i�, :
<br /> ;�:'1'r:i�,;f'� ;�! � this Seeur�ty lnstrutner,t��or there is a lepl proec�eui��t u'rat cnsy,s�l►ifieamiy:�f16ax I.ender s o�hts i#�,��n�1?�roperty suc as a
<br /> :.:��t��i�� ���` . �g�z��'���r.i�bankruptey. probate.for rnnQemmtiYui.�;r�t'or�L�;ii�a�:rn:co.enforlc.�t��or m�'�o���13�d�s actlons tnay
<br /> -.'� ^ <4, ' u* l t ia��k i d�z ae r i y n�.s s a ry t o p ro t�c t che v�lui:�;l:+�ua�ee prop Y�aad Lendir:.ri ns�i�;t�t�.1?n�, �:'it�e� i n♦rn u r t. a i ng
<br /> --:'.'ti��'�'�,1�'., � � ��tit�n:il�.:'r�3�J��Eg an;� a1n}�s secured by•a [ien wliiui�:?�as rior�t over this 5cx.it�i�x• �i�:�rnita��t: .4� i� P Y
<br /> ,d .. : :,. �? ai��;�p�,�m �s'.!�.-aiid enter�ng on the I�rop�f ta make repairs. l�l'thenu�.is:J,�:��d�.���xp,t;�;,i:a actl���t�der this paragraph
<br /> r
<br /> -- . • '7:1.endCr'dues nnt t1a,4�:n�clo sa. h 7 shall becom�adciitic�'.y ti::bt of Borrower setured by ttds
<br /> • �'� ' 'Any amounts disbursed by Lender under this paragrup
<br /> .'.� ,�.; Securiry tnsdvment. lJnless Harrower and Lcnder agrec to other terms of paymem. these��nounts shall bear interest from the
<br /> � • � date af disbursement at the Note rate and shall be payablc. with interest. upon notice from Lender to Borrower requestirtg
<br /> , � payment.
<br /> 8,.A'CoYt�,rnge insuraace.If L.ender required mo»g�e insurance as a ccmtlltion of making the laan secured by this Security
<br /> � Instwnent. Bormwer shafl pay the premiums required to maintain the mortgage insurance in effect. If. for any teason.�io.
<br /> � mottgage insurance coverage sequired by Lender lapses or eeases to be in effect.Borrower shall pay the ptemlums recry'
<br /> , , obtai=��m wer of the�m�ortg ge nsurance p ev'cou�sly in effecl�f om an alt mat mongagesmsuber approvcd by�Lender.�lf
<br /> . cost
<br /> _ - -—--�-- . • v�a.�s iottn 3U28 9190
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