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<br /> 98- 1os3�s
<br /> Thc Fund� shull br. hefd in an inslituUan whosc dcposits �vc in�ured hy u tedcnil agcnry, insinnncntality,or cntiry
<br /> (including I rnd�r, if l.endcr i�tiurh nn institution)nr in:my Federal Hnmc l.oun fiunk. Lendrr,hull apE�l�•thr Funds lo pay the —
<br /> 8scrnw Itcros. �.cndcr may nnt churgc Han•�►wcr fon c��lding .md applying thc fund�, tuinually .m.dyiin�ihc cccrnw xr�xmt. ��r
<br /> vcrifyinb thc Esscruw Items,tinlcss Lcndcr pay�s Barro�vcr intcrest an thc Funds and applic,�hlc law�icrmiu I.cndcr tc�ntukc surh
<br /> u chargc. Haw�vcr, I.endcr niuy rcquirc liurruwcr tc�p:�y u aino-tiroc char�� liir un indc�xndcnt rcul c,t.�le lux rc�H>nin� scrvicr
<br /> uscJ by LcnJ�r in conncclion wi1Pi tlii, loun, unlcss apE�lir,iblc luw providcs othcrwisc. Unlcsti un agrccmcnt is m+idc or
<br /> applirablc law rcyuires intcrost tn hc p�oid. I..�:ndcr�hall nnt bc rcyuired tu p.ry fiurruwcr any imcrc,i ur carnings iin ihc Funds.
<br /> Bnrrnwer und Lencicr muy ugrre in writing, howevcr, �hat intcrest shtdl bc puid un thc Fund,. I.�uder ,hal! give to liorrower,
<br /> widiaut churgc, un��nnual acrnunting�+f thr I�und�, ,liuwinz:crcdits .ux1 dcbits tu thc F�unds :m�l th� ����r�„�r���wn��i,�;��i�
<br /> dehit t��thc Fands wus m�tda The Fund.;ve pledged n�nddieiunal �ccurily tirr all sums strurcd hy thiti SccuritJ� Instrumcnt.
<br /> lf thc Punds hcld by I.cndcr excccJ thc imiount,pcnnittal to Ix� hcld hy upplicablc I��w. I.cnJcr shadl arcuunt tn l3orrowcr
<br /> for the��xrrr.v Funcls in urrnrduncc with ihc requirci��cnts of applicublc luw. lf thc umount nf thc f�wxi�Iwld hy Lcn�cr ut uny
<br /> tinx is not�ufficicnt tii pay thc F:u�row Items wlicn duc, l.cnder may sa notify Bori�uwcr in writing, and,in sunc�u�c Burrowcr
<br /> shall pay to l.cndcr Oic amrn►�nt ncccssury to mukc up the deficicncy. Borrowcr shall makc up ihc dcficicncy in nu mcirc thim
<br /> twelve nK,nthly puynxn�s.nt T..e�xler's tiule Jiscreliun.
<br /> Upon payment in full c�f all sums securcd by this Sccurity Instrumcnt, Lender shall prompUy refund ta Borrowcr any
<br /> Furxis hetd by Lender. If, urxler parngraph 21, [.ender shall :�cquire or sell the Pruperty,LenJer,prior to ihe ucyuisitinn or sale
<br /> of tht Propeny, shall upply uny Funds held by Lender at the time nf acqui,ition or sale us ;�rredit against the wms�ecured by
<br /> this Securiry lnstrument.
<br /> 3. Appllration of Payments. Unle,s applicable I�w proviAes othenvise, nll psyutents receivecl by Lei�lr.r unJerparagraphs
<br /> 1 und 2 shall bc applied: lirst, to any prep�rymcnt charges due undcr thc Note; xcrcmd, to amounts payable undcr paragraph '!:
<br /> third.tu intcrest due;fourth, to principul duc;xnd lust,to any late churges duc under thc No�c.
<br /> 4. Ch:tt'��; I.(ens. Borrower sh��ll pay all uixcs, asses:;ments,charges, fines and intpotiitinns iith•ihutable to thc Pruprny
<br /> which may attnin priority over this Securiry Instrument, aitd Ieusehold payments ��r ground rents, if any.Bo�mwer shall pay
<br /> these obliga!inns in thc manncr prnvidcd in puix�graph 2,nr if not paid in that manncr, Bc�rrowcr shall puy ihcm on timc directly
<br /> to the person owed payment. Borrowcr shal! promptly furnish ro Lender all notices of umount� tn be paid under thi s paragraph.
<br /> If Borrower makes these paymcnts directly, Borrower shall pramPtly fumish to i.endcr receipts cvidcncin�ihe payn�ents.
<br /> Go�rc���er;hal1 prunipQy di,�l�urgc uny lien which has pnunty uver lhi.Sccurity Inan•untent unlcss Durrowcr. (al�grces in -
<br /> writin�to the payment of the obligatiun secured by thc lien in a mnnner ucceptablc ro Lender,(b)contests in gaxl tailh thc lien
<br />, by, or defends against cnforcement of tho licn in, Icgal prcxcedings which in thc L.ender's opininn operate to prevent the
<br /> enforcement of the lien; or(c) secures from the holder of�he lien an ugreement satisfacrory to I.ender sulwrdinating�he lien to
<br /> this Sccuri[y Instrument. If Lender determines that any part of the Property is subjcct tn n licn which rnay attuin priority over
<br /> this Securiry Instrument. L.ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or
<br /> more of the actions set farth above within 10 days of the giving of notice.
<br /> .r1. HA7APfI nr {�'041PrfV Inc��ranra, Rnrrn�ywr �h�wll 4rwn fl+n i�inr�timm�n�c nnau ssviceinn .�.6�.�.{'�...��w �1.� .
<br /> .... ... ............. Cii
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<br /> Property insu�d against loss by fire,huzards included within the term "extended coverage" And arry other h:uards,including
<br /> floocls or flnnding, for which Lender requires insurance. This insurance shall be maintuined in the anx�unts and for�he perlocis
<br /> f Af .P P rP� Pc hn nc �n� :»r `nr ny �no �h`' �� ..� w•.,.-. a.,
<br /> h... [__nd_r ._�uir---.T.__ i....un � ri pr., is+...� . :n:s::,ic;stia ��.�c:;�� by Sarr.�u��;u��..�t t;� i.�rN�:'s a�pravai •
<br /> which shall not be unreasonably withheld. If Borro�ver fails to maintain coveruge described above, C,cnder mey, at L.ender's
<br /> option,obtain coverage to protect L.endcr's rights in the Propc:ny in accordance with paragraph 7.
<br /> All insurance polieies und renewals st�all be acceptabl� to L.ender and shall include a stunctnrd inongase clause. [.ender
<br /> shall have the right to hold the policics and renewals. If I.endcr rcquires,Borrower shall promptly;ivc to Lender al l receipts of
<br /> Naiu jiicu�iuiii�auu �cucwai u�i��ci. in iuc cvcm ui ivaa,Fxn rower,i�aii give prompt nonce to uio msurance carrier and Lender.
<br /> Lender may►nake pro�f of loss if not made promptly by Aorrower.
<br /> Unless Lender and 13orrower otherwisc agree in writing. insurancc proceeds shall bc:►pplied to restoration or rcpair of the
<br /> Property d:unaged, if thc r�.ctoration or rr,pair is ecunomically feasible and L.endet's secarity i�nui les�ei�.ed.l�tlie rC�turution ur
<br /> repair is not economically feasible or Lender's security would be Iessened, the insuraince prcxe�s shall be applied tu the sums
<br /> secured by this Security Instrument, whether or not then due,with any excess paid to Barrower. If Borrower ubandons the
<br /> Property, or dces not answer within 30 days a notice from Lcndcr that thc insurancc carcier has offcrcd ia settic a cleim,thcn
<br /> Lender may caUect the inxurance proceeds. [.ender may use the proceeds to repair or restore the Property or ta pay wms
<br /> secured by this Sc:GUrity Instrument. whether or nat then due. The 30-day period will begin ivhen the notice is given.
<br /> Unless Lender and Eorrower athcrwise agrce in writing, any applicution of prncccds to principal shall not cxtend or
<br /> postpone the due date of the monthly payments rcferred to in paragraphs 1 and 2 or change che amount of the payments. If
<br /> under paragraph 2l the Property is acquired by Lender, Borrower's right ro any insurance policicv ancl praeods resulting from
<br />, damage to the F'ropeny prior to the acquisition shall pass to Lender to the extent of the sums sec:ured by this S�curiry Instrument
<br /> immediately prior to the acquisition.
<br /> 6. Occupancy, Preservation,Malntenance und Protection of the Property;Borrower's Loan Applkation; l.eaceholdsz.
<br />' 8�rrower shall occupy, eytablish,and use the Property as Borrower's principal residence within sixty days aftcr the execution of
<br /> this Security Instrument and shall continue to occupy the Propeny as Iiorrower's principal residence for at Icast one ycar after
<br /> the date of occupancy, unless I.ender othenvise agrees in writing. which consent sh:ill not tx:unrensonably withheld,or unless
<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> . Property, allow the Propeny to deteriorute, or commit waste on the Property. Borrower ,vhtdl be in default if any forfciturc —
<br /> action or proceeding,whether civil or criminal, i�begun that.in Lender's ga�d fnith,judgment cauld rcsult in fort'eiture of the
<br /> � Property or otherwise materi�lly impair the licn created by this Security Inztrument or L.ender's security inlcrest,Bc�rrower may
<br /> cure such a defuult and reinstatc,as provided in paragraph 18, by cauxing thc nction or proceeding to bc dismissed with a ruling
<br /> that, in l.endcr's good faith deterniinat9on, p�cludes forfeiture of the Borrower's interest in the Propeny �r other mutcrial
<br /> impairment of ttie lien createci by this Security Instrument or Lender's security interest. Borrowc� shall also be in default if
<br /> Borrower, during the loan applicntion process,gave ma:erially falsc or inaccurate information ar statements to Lender(vr fuiled
<br /> to provide Lender with atny material infnrmation) in connection with the loan evidenced by the Note,inciuding,but imt limited
<br /> to, representations cone.;rnmg Borrower's occupincy of the Property us a principai residence. If this Securin• �nstrurnent is on a
<br /> ; leasehold, Borrower shA11 comply �vith ull the provisions vf the leuse. If Borrower acquires fee title ta the Property. the
<br /> Ic:►sehold and the fe�titic shall not mcrge unle.vs Lender agrces w the mcrgcr in writing.
<br /> . 7. P�ntection of I.ender's Rf�hts in the Property.If Bc�rrower fails to�xrform the cu.�nant.:.�nd agn�:mems rontsined in
<br /> this 5ecurity Instrument, or there is a Iegal prcx:eecling that may tiigniticantly affec:t I,endcr',ri,,hts in the Property Isuch ns a
<br /> proceeding in bankruptcy, probate. f'or condemnatiun or tiirfeiiure or ta enforce law•s or rcgulatiuns),th.:n Lender rnay do.ind
<br /> pay fur whatever is necessary to proter.t the valu�of the Prc�perty and Lendcr's riFhts in the Propeny. lAnc�er's uciions may
<br /> include paying any sums secunYl by a lien which has priority over this Security [nstrwuent, appeuring in rourt, pa��ing
<br /> rnvuinuhln nt��....�..�•f.....� ...�I....�..:.,.....,.1.,, o..................._�..�__:_ .�.�."'� . .._,... .. . . .• . .� . .
<br /> ---._..---- ---.,..__,.. .,.....«..............�...�,�.� �...F„�.� �.,���a..���Na���. ������,��u �,cu��� ���,.y w�c ucu��n unurr ui�a paragrapn
<br /> 7, Lender due�not have to do so.
<br /> %.�q au�vuuw ui�uwxu i�y i.cuuei uuuc� iiiii par.tgr.�ph 7 �h�ll bccomc :tud�uonal d�bl ul Norrowcr securCd by Ihis '� �
<br /> Sccurity Instrument. Unlrss Bomiwcr and I.�ndcr aercc to inhcr t�rm�of payment, lhcsc anwunts shall luar intcrc�t From thc
<br /> dai�of di�bursrment at thc Notc ratc and chall be p:�yable, x•ith intcrc+t, upun niiticc frum l.cndcr tu De�rmwer rcyucsting ,
<br /> paymcnt. ,
<br /> R. lltortRa�e Insurance. If Lendcr rcyuircd ►nortg,;gc intiurance us a ronJitiun of making thc loan secured by tt�is Securiry
<br /> lmtniment, [iorrower shall pa,y thr pmmiuntti rcyuireJ to mainlain the mortgage insur:mce in eFfect. If,for any reason, the
<br /> mrn•tgagc insur:inrc roveragc rcyuired by Lcndcr lap.re�ur ccuscs tu bc in et'fcct. B��rm��cr :hall pay the prcmiums n�yuircd to
<br /> uhtain r�rvcragc tiubxtantially cyuivalcnt to thc mc>nEag�in�urancc prc�•iuu.ly in rff«:t, at u r�,�t�uhsiantially cyuivalcnt t�i►hc
<br /> rutit ro Borruu•er ut'thc mc�rtgugc insurancc prcviously in ct�firt. I'rum an .iltcrn.ur murt�a�r imurcr appro�•ed by I.c►tidcr. lf
<br /> �'pe��^��+ Form 3028 9l9Q
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