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<br /> 98- sos�a
<br /> Tha nnndF shulf be held in sn Institulion who� depouits Yre inwureci hy a fcderal ugency, in�trumentality. or entfty
<br /> (fneluding I.enclrr,if l.erxle�`har e&�rrower�f'or�h�ldln�u xl applying�the Funcisnunn al{yra�rly�ii�g the x ow nceuu�nt�c r
<br /> �scmw ltcma.�.cn�lor may 8
<br /> vcrlfying tha P.++�row It�ms,unle�s L.eixler pay»&irmwer intcrc�t un thc F�unJs und up licublo law permits l.cndcr tn�nukc suc
<br /> a charge. Nnwsvcr, l.c►xtnr may reyui�e Bcurowcr to pay a nne-timc churgu ti�r un i�e�xnctCnt reul cstele tax repnrting scrvicc
<br /> usc� by Lendar in ec�nnectlnn with thla Ic►an, unle�s uppUcuhle luw pr��vide� ��therwl�e. Unless un ugreement is mu�ie ��r
<br /> applicublo!aw reyuircx interest to be pald, l.erxler shall not!x:rtyuircd u►pay&�rrowcr any intcrcst ur eurnings on the Furxis.
<br /> }��rrower a�xl L.c►Kkr nuiy ngreb in writing, huwcver, thut lntcrest shull tw poid un the Funds. I..cncicr�hA�givc to &xrower.
<br /> without chwrge, an unnu�{ u�munling��f the Fuixlx, showing crafits uixl debits to the Fuixl�uixl the u tie fnr which euch
<br /> debit to thc F!►nds v1n�mncle.The I�unds ure pledgal us ueldllianal securlty for ull+ums�ecured by thiec Securlty In�trunxnt.
<br /> If the Funds held by lR�lar exceed [he unuwnts permltuxl to be hold by uppIicabl�luw,I.tiiliJCl'Shull account to Hnrrower
<br /> fur the excesx FunJs in uccorOr�nce with the requircmentR of applicAblc Irw. If thG antc�unt of tho Funds held by l.encier at any
<br /> tintn i�not sufflcicnt to�x+y ihe F.:u:mw Items when due, L,ender muy M>�x►tify&�rrower In writing,und, in�;uch case 8orrowor
<br /> �chull pny to l.ender the amuunt nocess+�ry to nwke up th�deficfency. Horrower sh�►II make up tho deflciency in no more than
<br /> twcl�o monthly pwymentv. A�l.c.nder's solc discredon.
<br /> Upan peyment in full of all sums securcd hy this Security In�trument, l.c.ndcr shull prumpdy ref'unil tc! &�rrower uny
<br /> of the PropecYtyl shull apj►�y any Fi��s held by l.ender a ith�tin er af a qulir�itonrur�sa�IG ascu crccli�t agninst the�sums�tiocural by
<br /> this Secu�iry InStNment. p g` p
<br /> � ;►....��..t�„„.�r g►ymrnwc.Unless npplicablo�aw provides otherwise.all payment5 rectiveci by Letxlar urxler a�a �a hs
<br /> rr•.-^
<br /> 1 and 2 shall be applied: first, to nny prapaymcnt charges dua unucr tnc ivocc;secor�i. to uu���u��c�pNyublc un:icr p»r��;r�p. _: -
<br /> third.to interast due; fourth,ta principRl duo;and last,to uny IutC charges duc under tht N�te.
<br /> S,Ch�r�ea;I,�ens, Borrower shall�pny aU taxes, asussnunts, charges. fines anci im�wsitians uttributabfc ro the Property
<br /> which muy attain priority over this Security Instrument, and lexsehold paYments or ground renta, if any. BorrowCr shall pay
<br /> tt�ese obligations in the manner provided in paruR.raph?.�r lf not paid in that manner, Borrower shall pey lhem on time directly
<br /> to the pervon owod payment.Borrower shall prompdy furniFh to I..endsc all notices of amounts to be paid under this paragrnph.
<br /> 1f Borrowar makes these payments diractly.Bc�rrower shall prom�tly tbrniRh tu L.ender raeipts evidencing the payments.
<br /> Barrower shall pramptly discharge any lien which has prior�ty uvor this Sccurity Instrument unless Bomnwer:(a)agrees in
<br /> writing to the paym�nt af tt�obligation secured by the lien in a mannar acceptable to Lender;(b)contests in good faith ttu lK:n
<br /> by, or defends ngainst enforcement of the lien in, legal proceodings which in [iw I.ender's opinion operate to prevent the
<br /> enforccment of thc lien;or(cy secures from the holder of the licn an agrcemcnt satisfactor�to L.ender sutwrdinating the lien ta
<br /> this Security Instn►ment. IF l.erxler daermines thal any part of the Property is subject to a lien which may attain priority o��er
<br /> this Security lnstrument, Lender may give Horrower a notice identifying the licn. Borr.ower shall satisfy thc lien or take one or
<br /> more of the actions set fonh above wi►hin!0 days of the giving of notice.
<br /> S. Ny�rd p� prop�y �sur�nct. Borrower shall kap the improvements now cxisting on c�reafter erected on the
<br /> Property insured against loss by fire, hazards included within the term "extencieci coverage" end any other hw.ards, ineluding
<br /> floods or flooding, for which I.ender requires insuranea.This insurnnce shall be mafntaineei in the amounts and for the periods
<br /> iS�ttj ��d�r r...,�Lir�, Tn=;���•ra��P carricr oroviding,the insurance shall be chosen by Bc�nower subject to l,ender's approval
<br /> which shell not bo unreasonablY w�thheld. If Bormwor fails to maintain coverage described aiwvc, Lc��i�r�ay. »t l.endtr'�
<br /> optian,obtain coverage to protect Lender's rights in the Property in nccordance with paragraph 7.
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a staodurd moKga�e clause. i.ender
<br /> �hn11 hAVe the rinht to hold the nolicies and renewals.If Lender rcquires,Borrower shall promp�ly give to Len�d�alw��ndAr.
<br /> pAid_premiums and renewal nc+tices. In the event ot lass.�sorrower snaii givc pwutpi��o"w`�"�"'°°"""° "'" '.
<br /> Lander may make proof of loss if not madt pmmptty bY BOrroWer.
<br /> � Unless[�nder and Borrower odurwise agree in�vnting.insurance procaals shult bo applicd to rcstnratian or repair of.the
<br /> property dainaged, �f tha restaration or repair is economically feasible and L.ender's stcurlty is not lessened.Yf ihe res�oratlon�r
<br /> rcpair is not economically feasible ar L.end�r's security would be lessenal, the insurance proGeeds shall be applied co the.sunu
<br /> secured by this Socurity Instrumenf, wh��her or nut then due, with uny excess pAid to Borrower. If Borcower abandonc t1x
<br /> Property, or daes not answer within 30 days a notice f'rom Lender that the 9nsurance carcier hus offered to setUe a elsim,th�n
<br /> L,ender mny collect the insur:mce procoeds. I.�nder may use the prcexds to r�pa�r or restore the Property or to pay sums
<br /> socured by this Security Instrument,whether or not then due.The 30-day Qe�t on of`�roceedset�Prine�Pal�shollenot extencl ar
<br /> Unless L.ender and Borrower othcrwist agxe� in writing, any appl' p
<br /> postpone the due date oi tht monthly payments referral to in paragraphs 1 nnd 2 or change the amount of the payments. If
<br /> under pairegr�ph 21 the Prop�rty is ecquirod by Lender,Borrawer's right to any iusurance policies ancf pcoceeds resulting from
<br /> dpmage to thc Property�rior ta the acquisitiun shall pass to Lender to the extent of the sums securod by this Security insuument
<br /> tmmed►ately prior to the acquisition. ' Ltasehu�ds. '
<br /> 6.Occup�ncy,Preserv�tion, Malatensmce And d'rotectbn of the Prop�rty;Borrower's LoAa Applicaxion;
<br /> Borrower shall occupy, establisl►,and use the Property ns Borrower'�principal reaideme within sixty days at't�r the execution of
<br /> this Security Instrument and shall continue to occupy the Property as Bon'ower's principai residcnce for at�least nne year after
<br /> the date of occupancy. unless Ixnder otherwise agrees in writing,which consent shall not hn unreasonably withheld,or unitss
<br /> extenuating circumstanr„es exist which are beyond Aorrower's control. Borrower shall not destroy, damage or impair tho
<br /> Property, allow the Pro�cny to deteriorste. or commit waste on the Property. Borrower shall be in ddfault if any forfeiture
<br /> action ar.prxeed'►nB. w'he�her civil or criminal, is begun that in L.ender's good faith judgnxnt could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security Instntment or Lender's security interest.Borrower may
<br /> cure such a default and ninstate,as prov�dal in paragraph 18,6y causing the t�ction or procceding to be dismissed with a ruling
<br /> that, in I.eixter's good f�ith determinution, precludes forfeiture�f the Borrower's interest in the Propercy or other material
<br /> impairment of the lien cceated by this Sccurity Instrument or Lender's security inter�t. Borrower shall also be in default if
<br /> eorrower,during the loan application proccss,gove a�t�terially false or inaccurate infomiation or statements to Lender(or failed
<br /> to provide Lender with any material information)in connection with the loan evidencod by the Note,including,but not limited
<br /> to, representations conceming Iionower's occupancy of the Prope�ty as a principal residence. If this Sccurity Instcument is on a
<br /> leasehold, Bonower shall comply with ell tha provisions of the Icase• If Borro�*'er acqu:r,es fee title to the ProptirtY. thc
<br /> Icasehold und tho fee title shsill not mergc unless Lender agrecs to the merger in writing.
<br /> 7.Protection of Lender's Rfghta in the Property If Borrower fails to perform the covennnts ar�agreements contaiiaed in
<br /> this Security instrumant,or.there iv n Iegal proceeding that may significrintly affect I.endor's rights in the �Properiy(4�ch�s a
<br /> procading in banktuptcy,probate,for condemnation or forfeiture or to enfo.rce luws or re�ulations), then?Lcnder mAy do and
<br /> �ay for whatever is nocessary to protect the value of the Property and Lender's righ�s in the Propecty,�L,�n�n'coure��pAyt in8
<br /> include paying any�sums secu�ccf'by �n�rh�pmncrtv to pmnlcetrepuirs. Alth ughri.etxler�mnyctake Acto n under rhis parngraph
<br /> reasonaoiv uiiu���:j, ....N.................a--. ._._ , . . .
<br /> -- 7, L,cndcr docs not havc ro cio sn.
<br /> Any amounts disbursed by Lender under this puragraph 7 shall become addiuonul deht uF Bur�uwer s�:cur�,.w�t by this
<br /> S�e of di bursemcnt atl he Note rate a d hall begpay b�c thwitl c ntcrestp u}wn not e fron�ut.cnde sjobBorrowor rc;yuesting
<br /> dat
<br /> payment. .
<br /> S.Murtgs�ge Insunnce.If I.ender required mortgage insar.tna as a mndition of making thc loan sccured by this Secunty
<br /> Instrumen4, Borrawcr shall pay the premiums required to muintuin the nwrtgage insurance in effcxt. If, for�ny reason, the
<br /> mortgage'insur�u►cc wverage reguircd by l.ender lapses or ceases to be in effect,Borcower shall pay the premiums requircd tu
<br /> obtain covcragc substantiully cquivnlent to thc mortgage insurance previously in effat, at a cost substantially oquivalent to tlie
<br /> cost to Borrower of the mortguge insunin��e previously in�ffect, from an;tltemate mortgage insurer approved by Lencier. If
<br /> _ Form 3028 9f90
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