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<br /> Thc Funds shall be held in an instiwtion whosc deposits arc intiureci by a frdcrul abcncy, instrumentality, ur entity
<br /> (incfuding l..ender, if Lender is such an institution)or in any Federul Hrn��c[.oan Bank. I.cnJcr shall upply�hc Funds to pay the
<br /> &�:row Items. l.endcr muy not charbc B�irrowcr for holding amd Applying tha Funds, unnuully i.+�naly�in� thc�ticrow uccount,nr
<br /> ++�rifying thc Escruw Ithtnr, unless I.cndcr pays E3orrowcr intcrest on thc Funds and uppIicuUlc I:�w�rmits[.�nJcr to m:►kc such�
<br /> a chnrge. However,l.en�h�r �nay require Borcowcr ta pny n��ne-tin�e churge tiir un inclepcndcnt real e+tute tux iti(x�rting scrvicc�
<br /> uk�l bv Lcndc�• in con�icctinn witl� this lomi. unlcss upplicublc luw pn�vi�ic+ uthcrwi+c. U nlcss an ugrcemcnt is nmdc ur '
<br /> opplicAhla l��w rc;{uires inturc�!to Ixs p;dd, l.endcr shall not he rcquircd a�p;ry 13�,rruwcr any intcrese nr ciirningti an thc{'uixls.
<br /> Eiqrro�v�cr u�Id.(.A�idcr+nny cegrcc in writhig. howcvcr, thut int�resl shall bc pufd on dtc I'uiuls. I.cndcr sh;dl givc tu li��rr��wer, �
<br /> withnuGchnr�o,nn annuul ucrounAng c�f thc FwiJv, hhowing crcdits und dcbits to tlw 1'uixls iurl thc pur�w,e fur whicl► cucb �
<br /> deNil tu thtt Rtindn wnc m;Klr..Thc ffunds urc plcdg�Y1 uv uddiNonul sccurity far ull sums sccurcd by dtiis Sccuriry In+trumcn►.
<br /> li�hn FiwdK iicid by L.�i�icr cxcc�d tlic auiaunts permitt�d to tx:hrld h,v ap�Iiruhlc I:ew,Lcndcr+hall acr�iunt�n Ilorrnwcr M"�
<br /> for tlw ux�;e�.v!'unds i��accc�rdu�xc wllh �hc rcyuVrcmen�s nF up�dicuhlc luw, If�t�ic umuunt nf tik I�undti hcld hy l,endcr ul nuy�
<br /> timc is iwt suflicicnl tu pay tlic Nuruw I�cu��wlicn duc, L.cixlrr muy +n notff'y fi��rruwcr in wri�ing. wKl. in tiuch r;uc I��rruwcr�
<br /> sl�ull ��ay lu l.cixtcr Ihc umuunt �krc����ry ai mukc up Ihc dcGricucy.Burrmvcr shull nmkc u� ihc dcficicnry� In n�� mur� Ihun
<br /> twclvc monthly puynxnts,ut I.c�r.lcr's+ulc Jl,rrrtinn-
<br /> U��n pay�mcnt hr I'ull n( :dl �ums ticcurcd by �hiti Sccurity I�isirunxnt, ���,��� �i,l�ii rF���,n!b• �•�fund tu li�irr��wcr uny
<br /> I�unds hcld by I.ctxlcr. If,u��lcr parugrupli 21, l.vixlcr tihall ucquire ur scll tNc Prc�pcny,LcnJcr,pr�or tu thc licqtdsi�ion ur sulc
<br /> of thc Pro�x:rty,+liull upplv any fuiul.ti hclJ by Lcndcr ut�h��ink uf acyuisition or snlc ati ac�rcdit against�hr tiums ticcurcd by
<br /> thi+Sccurity Instrui��cnt,
<br /> 1.AppllcwUon nt{h►yments,Unicss upplicuble law provides otlmrwisc, all paymcn�x nrcived hy l.cifdcr uixicr puragraplis
<br /> i uixi 2 shufi t�:uppli�:l,r:st, �o atiy pr:.payn�cnt charges due ��nd�_!'tite Notr; cecmxf, to nmounls payable undcr parugruph 2: _
<br /> third,to intcrest dae;finut.h,io principal due;und last,to any late chargcs due under the Nuiz.
<br /> q.('bKr�es; LHmes,Eturrower shall pay all taxcs, asscssments, cl�argcs, fincti und in�positians uttribut.ible to the Pr��peny
<br /> whicl��mti��•ntlidn prii>rity ovcr this Sccunry Instrumcnt, aixl Icaschold paymcnts or ground raits, if any. [3o��rowcr tihall pay
<br /> thn�ohli�ntians in ihc manncr providud in parugruph 2,or if not p�id in that manncr,Bnrrnwcrshull pay lhcm on timc directl�•
<br /> to thE�pCttiatt mvecl payrocnt.Bc�rrowcr shall prompdy furnish to l.endcr all nrticcs of amnun�s ta U�puid undcr Uiis paragraph.
<br /> If Dorrawer rnakes these payn�e�its directly,fiarrower shall promptly furnish to Lender receipts evidencing the p:►ynxnts.
<br /> . Borra�.ver shall promptly discharge any lien which has prionry rncr this Securiry Instrumcnt unlcss Borrowcr.(a)agrees in
<br /> -+�niienb to the paytnent of thcobligation secured by the lien in a manner acceptablc lo Lcndcr, (b)cuiitestx in g�wci faitl�the lien
<br /> Gy, or defeixls against cnforcenxnt of the lien in, legal procealings whicli in the Lcndcr'�opinion operate ta prcvent thc
<br /> enforccmcnc �,f the lien;or (c) sccures frrnn thc holdcr of thc lien an agrcement satisfactory to Lendcr subordinating the licn to
<br /> , this Securirr �uctrument.lf Lendcr detennincs that any part of the Propeny is subject to a lien which may attain prioriry over
<br /> this Secur3tv lnstrument.L.ender may give Borrowcr a notice identifying the lien. Borrower sk�all satisfy thc licn or take une or
<br /> more of the actions set ferih abave within 10 days of the givving of notice.
<br /> 5. HaaACd or Pro�rly Insurance. Borrowcr shaU keep the improvements now existing an c�reafter erected on the
<br /> Property inc�zr�l against loss by Cire, ha�.ards included within lhe term "extended coverage" an� any other haz:trds, including
<br /> floods or t?crr3ing,for which Lend�r reyuires insurance. This insurance shaU b�:muintained in the amounts and for the periods
<br /> that Lxnder n•equires. The insurance carrier providing the insurance nhall tx;�chA�`na yc����veb�I.�:nder n ay at Lenderas
<br /> - which shall not ix unrcasonaoly wiini►cld. I� &��ru:ver Fai�s La�:s:..-t3':.. --. -.
<br /> option,o6tain caverage to protect Lender's rights in the Property in accordance with paragr�pl'�7.
<br /> � All iusurance policies and renewals shall be acceptable to I.ender und shall include a standard mortgage clause. l.ender
<br /> shall have the right to hold the policies and renewuls. If l.ender requires,Borrower shall prompdy give to Lender nll receipts of
<br /> �- �� ..+.._..�,»����r���� tn rhr�v�nr of Inss.Rormwer shall �ive prompt notice to ihe�nsura�xe carrier and l.ender.
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<br /> ' I.ender may mlke proof of loss if not macle promptly by Borrawcr.
<br /> ;� Unless I.ender a�d Borrowcr other���ise agree�n wntmg, insurancc pra:ceds shall bc applied to rc;storation or repair ok'thc
<br /> Y Property dan�aged,if the resloration or repair ie economicully feasible und Lender's securily i�not lessened. if the restaration nr
<br /> � re{wir is not economirally feasible or L.ender's security would be Iessened, the insurance pracccds shall be appliod to the sums
<br /> .,; secured b�• this Sccurity Ins�rument, whcthcr or not then duc:, with any excess ps►id to Borruw�r. If Borrowcr ab:uxlona the
<br /> ;� Property.�T does not answer within 3Q days a notice fro►n L,ender that the insurance carrier has offered to settle a claim,then
<br /> ��� Lender mny coltect the insurance procecds. [.ender muy use d�e proceeds to repair or restorc the Property or to pay sums
<br /> `� secured by this Security[nstniment,whether or not then due. The 30-day period will Ix:gin when the notice is given.
<br /> •� Unlass Lender and Burrower othcrwise agree in writing, any application of proceeds to principal shull not extend or
<br /> �; postpo�e thc due date of the monttdy payments refcrred to in paragraphs 1 nncl 2 or change�he amount of the pUyments. If
<br /> . under pt�rn�raph 21 the Praperty is acquired by Lender.Bormwer's right tc any insurance policies and procceds resulting frum
<br /> � damage to the Property priar co the acquisition shall pass to Lencler to the extent of the sums�ecured by this Security Iastrument
<br /> immedintcly prior to thc ncquisition.
<br /> 6.Occupanc}�,Preservation, N14intenance And Protectiu�i o7 the Property;Borroxer's Loan Appllcatlon;I.eaAehulds.
<br /> Borrower shall occupy,establish,und use the Property as Borrower's princip;d residence wittiin sixty days after the executian of
<br /> this Security Instrument and shall continue to ocwpy the Propeny as Borrower's principal r�sidence for at Ieast one ye:ir after
<br /> the date of occupancy,unless Lender otherwise agr��es in writing, which consent shull not bc unreaso»ably withheld,vr unless
<br /> � extenuadng circumstances rx ist which are beyo�xl Borrowcr's control. Borrower shall not destroy, dan�age or impair the
<br /> • Property, allow thc Pro�xny ro detcriorute, or commit wuste on the Property. Borcower shall be in detault if any forfetture
<br /> action nr praceeding, whethcr civil or criminul, is begun that in L.endcr's goad faith judgment could result in forfeiture of the
<br /> Property or otherwisc:materially impair the licn cre:►ted by this Security Instrumcnt or Lender's security interest. Dorrower may
<br /> � cure such a default and reinstate,as provided in paragraph 18, by causing the actiun or pra�cYling to be dismissed with a ruling
<br /> � � tyat, in Le:ndcr's gc�od faith dctcrminution, precludcs forfciture of thc Borrowcr's interest in thc Propeny or other material
<br /> impairment of thc licn created by this Security Instrumcnt or LcnAer's sccurity intcrest.Borrowcr shull alsu be in default if
<br /> � Borrower, during dic lonn application proe:ess,�u��c muterially false or ivaccurate infumiation ur statements to Lendcr(ur failed
<br /> to provide I.endcr with any m�aerial infornintion)in comiection with thc loan evidenceci by thc Note, including,but not limited
<br /> . to, representutions concerninb Borrower's occupancy of the P�bperty as a principal residcnce.If this S�:writy Instrument is on u
<br /> Icasrhuld. Borrower shiill comply witli ull the provisions of thc Icase. It Borrower acyuins tce tidc to thc Property. thc
<br /> � Icaseh�>>d and thc(ce tiAe shull ncit mcrge unlcss[.endcr agnccs to thc mergcr in writing.
<br /> 7.Protcetiun of Lendcr's Rights in the Pn�perty.If F3drmwcr fails lu p�:rfornt tlia;co��rik�nts and agrccments containeci in
<br /> this Securiry Instrument. or thcrc is a Iegul prcxceding thnt rnay significantly afl'ect l.cndcr'ti ri�hls in Utc Pruperty (such as a
<br /> proceeding in bankruptcy,prob:UC. for umdemnatiun or forteiturc��r to enforcc lawti i�r re±.�ulatiuns), then Lend�r muy do and
<br /> Qay for whatevcr is necess�ry t�� pr��tect d�c value of the ProFx:rty and Lendcr's right� in tlie Pruper�y. l.erxfer's ;�eti�ms muy
<br /> utcludc paying uny sum�accarcd by a licn which hus prioriry nv�r tlii� Sccuri�y In�trun�cnt, appcaring in �viurt. paying
<br /> rcasonablc attorixys'fccs and cntcrin�im thc Property ti�makc r�cpairti. AlthuuEh I.cndcr muy l:tkc urli�n undcr Ihis parabraph
<br /> 7,Lcndcr docs nnt huvc todo su.
<br /> `� Any nntount� disbuRCCI by L.cndcr undcr this paragraph 7 shull becYmic adJitioiw�l dcht uf &rrruwcr srcurcJ hy lhis
<br /> Securiry Instntrncnt. Unlcss ��rrower;u:d Lendcr agi�:c ti� uther tenns uf pa)'men1, thcse c+�nuxuus ,Imll kx:ar intcrc,t 1'rum Ute
<br /> dutc of disburscment at thc Nutc i7itc and shull bc pi�yaNlc. with inlurest, up�m nuticc i'rum Lcudcr to F3rrrowcr r�yuctiting
<br /> payment.
<br /> S. Mort�yu�e Insurynce.IF I.ender rcquircJ nwrtguge insur.ance :IS il l'Utllilflt)tl U) I11dIC7t16llll'Il�Ull tiCCUIL'tI�y 1I119 SCCUI'll�l
<br /> instrument. Buirowcr shall pay thc premiwns requircd tn rnainwin thc mu�tgu�c Intiur,m�c in cfl'cct. If. fur nny renum, thc
<br /> — mortgagc inwrancc covcr,�gc r�yuin:d by Lcndrr lapscr ur cuiscs tu tx;in cl'fcct. Ik�rroxcr shali p.�y thc pn:utiwns requittid to
<br /> ubt;tin covcr��c substantially cyuivalcnt to thc mortg;�gc insuruncc prcviuusly in cffcct..�i :s a�st +ubtitantiuUy cyuividcnt tu lhc
<br /> cost w E3c�rrowcr c�f tlie uxirtgagc insur.uire pnrvi�wsl)� in effect, from :in altcrnnt� mu�tE:agc insurcr apprcived by l.ctxlcr. If
<br /> Form 3028 9180
<br /> Poq�'2 u�d
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