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<br /> � � ` ' , .h;sll be hctJ m an in,umtu,n ��hu.e drp�,•it, are in�urcti h� o f�deral�t�enr�. in+�m�—'n1a►n�ur rntity ';t.. .
<br /> '� The Fund
<br /> ha{I appl} thr FunJ,tu pa� thr
<br /> ,w tin�luJiru:LrnJrr.if Lcnder i..u�h:ui in,tiwnun►ar ui:un Fed�r�l H�,mr L�,.in Benk. L.enJc� , . .
<br /> f � E,�-ro�� Iten�.,. Lender ma}•not�-harge Ei�mo�<<r C�ir haldmi and appiyim�he Fund..annu:dly �na{�nng thr e,rruu a«uunt.ur -
<br /> � � � ��rif}ing the E_,��n�w ltem�.unle+�LAnder pay.Burt��«er intrrc�t un th�FurtJ.and:�plicut>tt ta��. permih LA�nJer tu ma1,c wch ` ,i
<br />` � a ch:scgc. Hvue�er. Lertder ma} rcyuire Burn�KCr tu p:t> a anr-umc�fiarge(ur sn independent rr.d�..�i'stC tar rep��nm�,cn icr . , .
<br /> �. � u+exi hy l.endrr in ccmn�ti'tion ti�ith thi. Ioan. unle,. applirablc i�a pru�iJe� otherwi�e. Unt�,. an agnYm�n[ i, m:ui� ur � , :
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<br /> apptiu-�bl�la��• rcquiny intzrr+t tu tk p:►id.L.riufer.hall n��t he rryuired tu par Burrouer:sny �r�terr+�or e:sr•�iru,��n t��Fund,. -------
<br />,� . , Burroa�er and i.ernder cnar agree in��ritins;. huae�•cr_th:u inten�t shall he p�.►id on the FunJ�. t.eiui�r.fiail _i«to&:rn,�er. ,
<br /> 4. ' _ � w�ith�tut charge. an annua!acrounting uf the Fwui.. ,huw�ing �Tedit�anJ dehits to thc Fundc rnd thc purp+nc tur«hich cr.�h . . '
<br /> �x., ' debit to the Fund..�ra+cn:ide.The Fundti are plcYigai:n additional+c�vrity ti�r all.um.xtiurcti h} tfi�>S�ti'uri[r Inntn+nic:nt.
<br /> �yr � If the Funds hcld by ixnder exceed the amaunts permittc�l tn 6e helJ b} applirable�a��- t-z�er tihult a.:uwnt t�+&'rn'w�� ,
<br /> Cor th�eacess Fumii in accorJancr with the reyuirement�uf applirable 1aw. If thr:�mount af thr T'undti h��i�1 �+; 1.�nder a[an� �
<br /> ;;: _-. � � time i�not cuffcientthep.un ulnt nece,•aryo make up thedeficienc}y Bo�rn,w�B,+hall mal.c P�thc�fi�i�rn���n��� mir�tfian � '•
<br />` .�r. .. ,hall pay to L.ender � �:�;:;o
<br />' S tael��e monthly paymenu.at[.ender's aaleiliscretion. . .
<br /> ;,.�,_
<br />_-'# Upon payment in full of all sunu secured b)" tt►is 5ecuriry instrument. Lender +hall prumptly refunJ to Born�wer an� .;,r,:,.:
<br />-�£' � Funds hetd by Lxttder.If.under paragraph 21-l.ender shall acquire or�eil the Pmperty.1-ender.prtur l�►lhe a�yui�ilion ut�ale _:�i;';v,y;.
<br /> �'i; � of the Property.sh:�li a�ply any Fund+held by i.ender at the time of acquisition or sale as r rredit again,t the tinm++t:c�+red hY .: ; :'
<br /> :�r,r.r r�..'..-.
<br /> _.�; this Se�vrity Instrument. •
<br /> 3•; 3.Application of Pay�ments.Unless applicable law pmvides otherwise.a11 payment,received by Leruler under p:u�agraphs �`�N;. :,.� >'.�".'
<br />;°%�; rnent charges due under the N�te: �econd.to amount.p3yafile under paragraph?: �,.'. :.` .•
<br />_.h i :` t and 2 shall be applied:first.to any PrepaY �:;';; "r:, -_:`;' �
<br />-�f . ..', - third,to interesc due:founh.to principal due:and laat.to any late dl:u?es due under the�Iote.
<br /> .,s. 4_Cha�es; i.[ens.Borrower shall pay ali taxes.as�essmerrt_�. �arge�_ finrs and impositu�ns attributable to the Prapeny 'i, ,•;�r., ':: ;,.
<br /> �. a•hich may attain priatiiv �aver this Securii}• Instrumem. and leusehold paymrnL�or ground rents. if any. Bocrowec tihall pay � .'.. ..
<br />"�� � these obli tions in the�:us�ter provided in paragrse�h T or if not paid in that muimer. Burrower shall pay them on time Jirectly ,� y•. •. ;l
<br /> :i< � � to the person awed paycrtera- Borro�rer d�l�Ptomptly furnish to L.ender all notice�of;imounts to be paid under thi�para_�aph• , ,;;,.;,,- .f
<br /> `� �.s�:,�=`.t If Barrower makes these payments diruzdy.Borrower shall prompdy furnish to Let►der receipt�evideac�ng the payments. !� ?.
<br /> �..4':., �``a-'_
<br />-,�,;� . ' ,.<<;.,, 5 .
<br /> :�•; r, . ;;-,<„��'� gorrower shsill promptly d'ucharge any lien which has priority over this Security Instrurrreuc unless Borrower.la)agtees�n :. 4
<br /> '� .;: r° •`'��f{��"°` • writing to the paymeat af the obligation secured by the lien in a manner accepiable to Lender: 161 contests in good faith the lien "�;.�^'':
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<br /> ''`-i,. ,,;i,r•��°;�;(��.if. '. . . �<.:._.__ .rr°=-
<br /> • .> by, or defends against�nforcement of the lien in, legal pmceedings which in the Lender's apinion operate to prevent �
<br /> " enforcement of the lien:�sr Ic)secum from the holder of che li�n an agreement satisfactory tu L.cmder subordinating the lien to _•
<br /> "� • � ' this Security l�utrument. lf L,ender detertnines that any part of the Property is�ubject to a lien which may attain priority over : ��,.:.
<br /> .°,+":� � ive Borrower a notice idersE[fyen the lien.Borrower+hall satisfy the lien or take amr cN a_.:�
<br /> ..i this Security Instrument.Lender may g g ;�.' . '
<br /> -���' ' more of the actions set forth above within 10 days of the giving vf:,Lv.�ce. . �,•;•
<br /> _ ��� � lttsurance, Borrowar shall kee� � imPmvements now exi�ting or hereafter zrected on the
<br /> 5. fla7ard ur i'roperty `;_�*'.;_-
<br />, , � � • Property insured against loss by fire, hazards included within t�'-=tesm"extended ooverage" and any other hazards, inctud'fng _
<br /> ..��;• ` • floods or flooding.for which l.ender requires insorance. This icsz::ance shall be maintained in the amounts and for the periods :.•�,;�:-
<br /> - .�� that Ixr.�'er requires. The insuranee car�ier providirtg the insu�u-�:e shall be chosen by Borrower subject c�f.endear's aPPTOVaI ''",r.:.
<br /> � ' which s'*.�Js r..�t be unreasonably witl�t-,�:i. If Borrower fails to !�-.::�n'.�in co�•erage described above, Lender may. ae 1.ender's ;� .
<br /> .,! • ,'r�.`:�� o tion.:ias�coverage to protect i��..�:'s right�s in the Propecty�accordance with paragra�b'. e clause. t.�der ' �`. ".
<br /> ,.;�.} ' �` { p p�� i,,;,;.*�e olicies and reaewals shall be acceptable to �es�er and s1�aU includ�:�sr�ndard mcmgag
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<br /> �� '� • • ' shall have�::e right to I-�a'_d the policies and renewals.lf l.ender rzy�eires.Borroi��r shail pmx�pdy give ta Lender all receipis of
<br /> : r • ' paid pre:`u:.�'s and rene�ral notices.in the event af loss.Borrower shall give prampt notice to the msurance carrier and Lender. �`.=.
<br /> ��:�. 'i. Lender�ri: make proof of loss if not made promptly by Horrowe.-. ••: ��`;`
<br /> ° <. ,: L'r.:;�»�I.ertder and Borrower oc�trwise agree tn wnnng.icsumnce proceeds shall be appfied to restoration or repair of the� �=
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<br /> Prope� uamaSed•if the resturatian or repair i�eoonomically fe�E4te and Lender s security ts not lessened.if the restoratian or
<br /> = repair is not economically feasible or I.ender's security wauld be lessened.the insutance proceeds shall be apptied to the sums ����_
<br /> �- secured by this Securiry lnstrument. whether or not:hen due. with any exeess paid to Borrower. If Borrower abandonc the
<br /> ��"�� � Property.or does not answer within 30 days a natice from I.cnder that the insurance camer has offered to settle a claim,then ; ,•.�:;: -
<br /> ' �� Lencxr�eay wllect the insurance praceeds• Le�der maY uae the proceeds ta repair or restore the Prapeny or to pay sums t R
<br /> . . E . ,. �f�E��this Security Instrument.w�ether ar not then due.The 30-day periad will begin uit�the notice is given. �-��,
<br /> - Unizss l.ender and Borrower otherwi+e agree in writing, any application of proceeE.''.� cn pri�u:►Pa1 shall not eatend or t:,,.,;.,
<br /> ts. If
<br />�;�.;.�` • � postpone the due date of the monthly payment,referred to in paragraphs 1 and 2 or char.��:the amount of the paymen
<br /> r'.:; .
<br />;�:�,.; � under paragraph 21 the Property is acquired by Lender.Borrawer's right to any insurance policies and proceeds resulting from
<br /> "�� ' damage to the Property pnor to the acquisntnn shall pass to I.ender to the extent of the sums secured by this Security Instrument .:: '
<br /> ,��'> � � - immediately prior ta thr acquisition. •''�
<br /> ' .<, ,� presesvatton.Risinteaance and Protection of the Property;Borrowea's Loan Appllcation;l.easeholds.
<br /> l;�.,.; 6.�xvpancy,
<br /> Borrowrr. shal!occupy.establish.and use the Property a�Borrowe�s principal recidence�vit��in sixty days after the eaea�:��vn of •,��._�
<br /> . . this Security lnstrument and shaU continue to occupy the Property as Borrower'�prine�pal r�idence for at least one�e��:p'�ter ,
<br /> • , the date of accupancy.unless Lertder otherwise agrees in writing. which consent shall not be unreasonably withheld,cr�nless
<br /> • , extenuating circumstances exist which are beya::�. Borrawer's control. Borrower shall not destroy. ��ge ar impair the
<br /> i't''.�', � Propet[y, allow the Property to deteriorate. ar commit waste on the Property. Borrawer shall be in de��lt if any forfeiture ,
<br /> �:;;',: . . action or proceeding,whether civil ��r criminal,iti begun that in Lender s goad faith judgrxxnt coulcl result in forfe►ture of the l,�.t��
<br /> `' ` Propem nr otherwise materially ir..fi�ir the lien created by this Security lnstrument or Len�:s's security interest.Borrower may •°t#�4 f��r'•�
<br /> �':�� • h 18.by causin the action or proeceding to be dismissQd with a tu���S .I•�
<br /> �*.";'-• � cure such a default and reinstate.as provided in p�ragrap S •
<br /> "`''''„ � that, in Lender's gc«f faith determination, precludes forfeitute of lhe Bnrrower's interest in Ihe Properry or ather material
<br /> �a.���.
<br /> T���y� ', impairment of the li�;n created by t his Security lnstrument or l.ender's secunty interest. Borrower�hall also be in default if .
<br /> r:.. , gorrower.during the taan application process.gave materially false or inaccurate information or statements to Lender(or failed
<br />;�: ,_� � to pro.i�;Lender with any mateRaJ information)in connection with the loan evideneed by the Nata.including.but not limited
<br /> �:::,; . ta.re;.��ntations concemmg Born��ver'+occupancy of the Property a�a principal res'sdence.If this Security Instrurnra':s is on a
<br /> l�ehold. Barrower shall comply with all the pmvisions of thr le:�.tie. li &�rrower acquires foi: tiUe to the Praperty, the
<br /> � �-.:�� leusehold and the fee title shall nnt mcrge unlc.��E,ender agrces to[he merger in writing. •
<br /> �?:,'. �.Protect�on oP Lender's Rt�,Ftts in the P�perty'.1f Borroa+er fails to perform the c�D�cn:ints anC a==�+:ments rnntained in
<br /> �: : '�
<br /> �,:_: � , thix Securi�� Instrument. or thnre i+a legal proceedinF ihat may signifcantty affect Lender'�rights in th� Property f�uch as a
<br /> pra:ee�fing in bankruptcy. prahatc. fi�r condemnation ur forfeiture ar ta enforce laws or rG�aiationw).then Lender may do and
<br /> �� :'�.. ' � p;�y for whatevcr �s neces.rar�• to protkt the value of thc Property and Lendcr'� rights in [he Property. Lender's actions may
<br /> �,';:=, ' include payina :u�y wms .ecur�i by a lien which ha� priority ocrr this Security lnstrument, appearing in court�, pgy�g
<br /> ' �" � • rea�onable attomeys'fee�and cntering on the Propeny to make rep��ir�. Ahhough Lcnder may take acuon under this ara h
<br />...�.r' �7' � 7.Lcnder doeti not havc to do u�• '
<br /> �`�,:•..
<br /> �';.•• ` Any amounts disbur.ed by Lender under thi+ paragtaph 7 �hall become :uiditional deM uf &mower +ecunvl by this
<br /> Security Instrument. Unlc��B��rmw�er anJ Lcndcr agrce tu othcr tcrm�of payment. thc+c amount+ �hall bcar intcre�t Prom the
<br /> •.,i-'�.• date of disbnrsement at the Not� rate :u�d sh:Jl he p�)able. «�th mteretit, upnn notice tmm Lender tu Rorrower reyue�ling
<br /> �':.=, � PaYmem.
<br /> � " ; S.Alnrf�a�e Incuranee.lf Lender rryuired mortgagc in�ur.u�ce a�a runditiun af nu�cing ttie lorn.ecured b>thi.5erurity
<br /> '�'� � Imtrument. 8urca���er +hall pay the premium� reyuireJ to ntaintain the ntnngage in,urance �n effeci. If. fur any rea�un. lhe
<br /> �
<br /> . . � mortgage imuran�e�o�era�.e rcyu�n.ti1 b} Lcnder lap.�w��r cra��� ta he in rffert. Burruurrr�hall pay the premmm.rcyuire t�.
<br /> obtain co�•erage wh+t:►n�iall}cyu���alcnt tn tht mungage �muranre precivu.ly m eifert.nt a c��a.uh.tanuelly cymca'.cnt tn thc
<br /> � •� � : � cu�t to Botto�cer of Ihe mortgage m,urance prev�ou.ly� in cffert. frum an alternate murt�age in.urer appmced by IAnder. If
<br /> �_��„ , --- ---� -� � �.r�t..�a iotm 3028 9�90 ` ,
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