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<br /> The Funds shafl be hcid in an institution whose dcpasits nre insurod by x faferal u?n y�ins��m�li�y.3r cnti�y
<br /> (including L.endcr,if l.endcr is such un inctitudon)ar in un�r FodCrel Home I.oan Bunk. l.etxlcr sliull npply the f'u�xl��a pay Ihn
<br /> Eccrow Iicme. Lende;may nc�t charge Borcower tor halding ancl a�plying tho l�uixl.r,unnuully anulyr.ing the e.vcn+w wcc�KU►1.�►r
<br /> verifying thc Escrow Items,unless Len+der payF Hormwer intere�t on the Nundr�uN1 u{�Ilcahle I+�w permh:; I.��x.ler ta nui�c s+icl►
<br /> a ch�rgc.Huweve:, l.e�xler n�y require Bc�rrower to pay u anatinx charb�fin•mi indcpe►xlcnt real c�tutc tnx r��k�rlh�g�..�rvica
<br /> u�:a ny �na�r ?n conncction wi�h Ihis loan, unicss upplicuble luw ptmidcs ��ihcrwiu�. Untc�as un ugre���xnt iti m�Klu or
<br /> applicable law requires intcrest to bc puid, I..c�xler shull not be reyuiral tu p+►y Hurrowcr uny intcrcst�rr cnrninge uro Ihc I�und��.
<br /> Rurmwcr und L.endcr muy ugrce in writing. howevcr, thnt intcrest shull t�c {mid on the I�uuds, txrnf�:r ch�ll Kive tu H��r�-uwcr,
<br /> �.vithout churge, un unnual accounting �f the Fu�xts, e;hc�wi��g rre.�Jlis uixl dehits to thc Fund�und the purp�:far w�hl�;l�cu�,li •
<br /> debit to the Funds was made.The Hunds are pledged us udditinnal sacurity for all sums�urcd by U�iw Srcurity inctrun�ent.
<br /> If tlie Fuixis licld by Leizder exceecl tlic amounts penui�tcd tu bc hcld by nppiicuhle I;�w, l.cndcr tihuli uccuunt t��Ik►rru�v��r
<br /> �ar the excess Fmxls in uccordunce with the rcquiren�ants of applicablc�uw. If the amount of the Hurxiy held t�y I.c�Klcr ut uuy -
<br /> tirne is not sufficient to puy the Exrow items whet�due, l.endcr mi�y su nc►tlfy Burrower in writing,uixl,in su�:h cutic Ik►rtuwer
<br /> shall pay to Lender the umount necessury to make up the dei"iciency. Horruwer shatl mnke u�the deficlency in��� nM►re thnn
<br /> twelve monthly payments,at L,encier's solc discretion.
<br /> Upon payment in f�ll of all sums securcd by this 5ecurity Instrument, I.cnder shull prumpUy ref'uixl to Borruwcr uny
<br /> •Funds Beld by I.ender.If,utxler purugraph 21,l.ender shall acQuire c+r sell tl�e Property,L.ender,prior to the acquisitiun iir side
<br /> of the Propeny, shall apply any Funds held by Lender at the time of acquisition or sale as��crcclit agilI115I(IIC SUlliti tiCl'UIYYI by
<br /> thisSecurity Instrument.
<br /> 3.Applicatian ot PAymet►ts. Uiiless applicablc law provides ntherwise,nll payments rcceived by I..ctxler under parugr�ph:i
<br /> 1 and 2 shall be appliod:first, to any prepaynxnt charges due uinder the Note; second,to amount�y payable utKicr E�arugraph 2;
<br /> ihird,to int�rest due;founh,to principal due;and last,to any late charges due under the Note.
<br /> 4.Chitrges; Lieus.Banower shall pay all taxes,assessmcnts,charges, fines and impnsitions attributable to thc Propady
<br />' which rnay attain priority over this Secunty Instlument,and leasehold paymonts or graund rents, if any. Bc�rn�wer sh.dl pay
<br /> ihc�se abligations in the mam�er provided in paragraph?.,or if not pzid in that manner, Borrower shull pay tlKm on time directly
<br />, �v the rea�nn owcxl payment.BormW�er shall prompdy fumish to Lender ull notices of amounts to be paid wxler this paragraph.
<br /> If Borrn�ver makes these paymenu c�irectly, Ikrrower shal!pro�npdy fumish to Lender reccipts evidencing the paymente.
<br /> Borrower shall prompdy disc7�nrge any lien which has priority over this Securiry Inswment unless Borrower. (a)agn:es In
<br /> wciting to the payment of the obligation r,ecured by tlie lien in a rnanner acceptablc to I.ender:(b)canests in goocl f»ith tlia lian
<br /> by,or defends against enforcement of the lien in, legal proceedings which in the l.ender's opinion uperate to prevent the
<br /> enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to Lender subordinuting the lien t��
<br /> this Security Instrument. lf Lender d�termi�es that any part of the Property is subject to a lien which may nttuin priority nver
<br /> this Security Instnrment,Lender may give Barruwer A notice identifying thc licn. Borrower shall satisfy the lien or lake ona ar
<br /> mare of the actions sct forth abovc�vithin ia days of the giving of notice. •
<br /> 5. �au�rd or Property Insurance. Bon•ower shall keep the improvements now existing or hereaf[er crected an tlia
<br /> Propeny insurcd against toss by fire, ha7ards included within the term "extended coverage" and any other hwnrds,includinQ
<br /> floads or flooding, for which Lender requires insurance.This insu�ance shall be maintained in the amounts and for the perioda
<br /> that Lendcr requires. The insurance carrier providing the insurance shall bc chosen by Borrower subject to Lcndar's approval
<br /> w�,�rh ���11 nnt Iw unreasonaMly tvithheld. If Borrower fails fo ntaintain covera�C desCribed above, Lender may, ai I.cnd�i's
<br /> option,obtain coverage to pratect Leader's rights in the Praperty tn accordance with paragraph 7.
<br /> All insurance policies and renewals shall �e Acceptnhle to Lender and shall include u standard mortga�e clause. I.endar
<br /> shall have the right to hold the policics and rene�vals. If Lender requires,Borrawer shall promptly give i�Lcnder all receipttt of
<br /> paid premiums and renew;il notices.In the evc�t of loss,Borrower shall givc prompt notice to the insurancc carrier and Lcndor.
<br /> Lender nwy make proof of loss if not made promptly by Borrower.
<br /> Unless Leyxter and Borrower otherwise agree►n writ9n�.insurance procecds shaU be�pplied to rtstoration or repair of tha
<br /> Prc�erty damaged,if the rcstoration or repair is econon►ically feasiblc and[.ender's security fs not lessened.If tha resturLtian a+
<br /> repair is not economically feasible or L.ender's security would be lesaened.the insurance proceeds shall be appliod to tho sumti
<br /> secured by this Security Instn►ment, whether or not then due, with any cxress paid to Borrower. If Borro•Ner abnndony tha
<br /> � Property,or does na answer within 30 days a notice from Lender that the insurance carrier I�us offered to settic u cluim, q�on
<br /> ' Lender may collect the insurance procceds. Lencier may use the pr�xeecls to repair or restore the Property o� to pay sumy
<br /> ser.ured by this Security instrument,whether or not then due.The 30-day period will begin when the notice is gi��en.
<br /> Unless L.ender and Bonower otherwise ugrec: in writing. any application of procceds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs l and 2 or chungc the amou�t of the pn�•mente. If
<br /> umler paragraph 21 the Property is acquired by [,ender. Borrowec's right to any insurance policies and proceeds resulting froin•
<br /> damage to the Property prior to the acquisition shall pass to I.ender to the e.xtent of the sums securai by tl�is Security Tnstrument
<br /> irnroediatelv prior to the acquisition.
<br /> 6.Uccupancy,Preservatio�, Maintenance ynd Protectlon otthe Property:Borrawer's LoAn Applicatton; I.WSEIIOIIIH.
<br /> Borrn�ver shall accupy.establish, and use the Property as Barrower's principal residence within sixty days after the execution of
<br /> this Security Instrument and shal! continue to occupy the Property as Borrower's principal residcnce for at lt:ast one yaar afler
<br /> the date of occupancy, unless Lender otherwisc agrees in writing,which consent shall nat lx:unreasonably withl�eld,or unluss
<br /> extenuating circumstances exist which are beyond Borcower's wntrol. Borrower shall not destroy. damage or impAir thn
<br /> Property, allow the Property to deteriorate,or commit wastc on the Propetty. Borrower shall bc in def;�ult if any fi�rfeitutv
<br /> action or proceeding, whether civil or criminal. is begw�that in Lender's good faith judgment could result in forfeitw�e nf tl��
<br /> Propeny or othcrwisc materially impair the lien creatod by this Sccurity Instrument or[.�:nder's security intcrest.Anrro�ver may
<br /> cure such a default and reinstate, as providcd in paragraph 18,by cau.si»g the:tction or procecding to be dismi5sal wl�li a rulin�
<br /> tiiat, in Lcmler'9 good faith determination,precludcs forfciture of the �rrower's intcrest in thc P�openy ar utlter mHturiul
<br /> impainnent of th.,lien created by this Security Instrument or Lender's security interest. Bonower shall al�be in dofuult��f�
<br /> Borrower, during the ban application process,gave materially false or inuceurate information or staten�ents to Lendar(c�rfitit4�.
<br /> to prnvide I.ende�with any material information)in connr.ction with the luan evidenced by the Note, including,but nut�imitad
<br /> to,representations concernmg Borrower's occupancy of the Propeny as a principnl retiiAencv. If this Scxurity Instrunicnt•i�i nn a
<br /> leasehold, Bormwer shall comply with all thc provisions of the lcase. If 9orcower ncquires fee title ro the Prvperty, tl��
<br /> lcaschold and the f�e�itle shnll nat merge unless Lcndcr agrccs to�he mer�er in writing.
<br /> 7.Protection of Yxntler's Rights In �hc fi°tepetty.If Borrower fuils eo perform thc covcnants and agruements contuinc�i in
<br /> this 5eeurity Instrument,or there is a legal procecding that muy significatuly affect I.ender's rights in the Property(sueh•ns a
<br /> p�ceeding in bankruptcy,probate,for condemnation or forfcitnre or to enforce laws or regulations), then Lendcr may du and
<br /> pay for whatever is necessary to protect the value of the Propc:rty and Lender's rights in the Property. Lender's ��iuns mxy
<br /> include paying any sums secured by a lien which has prioraty over this Security Instrument. appearing in c�aurt. payinp
<br /> reasoneble attorneys' f�s and entering on the Property to make repairs. Aldiough[.endcr may take action under this parugruph
<br /> _ J____ .L__._��.!�..
<br /> � /�LC1NC1 Ul1GJ INl llR�b w 4V ov. �
<br /> Any amounts disburscd by Lender under this parugraph 7 shall t�:ome additional dcbt of Horrower sccurcd by thil:
<br /> Sc�curity Instrumcnt. Unless Burro�ver and Lcndcr agrce to other terms of payment, thesc amounts shall lxar intcrest tn�m tho
<br /> date of disbunement at the Note ratc and shall bc payablc, with interext. upon notice from l.endcr tu Bo�rower reyuesting
<br /> payment.
<br /> 8.Nnrtgage Insurancc.If Lender requirod mongage insura�x:e as a�bndition of making thc I�km securc:d by this 5ecuriry
<br /> Instrumcnt, Borrawer shall pay the prcmiums requircd to mainlain Ilic nturtgagc incurancc in cffect. If, f'or any rcawn, the
<br /> rnort�;agc insurcince covcr�ge requircd by Lender lapscs or ceascs to bc in eff��t, t3orro��•cr shall pay thc prcmiuu�s rcyuir�J to
<br /> - obtain coverage substantially eyuiealent tt�the nwrt�;age in�w.�nce previously in effect.at a cost subst�mtially equivalenl tu the
<br /> cost to Borrowcr uf thc mortgagc insur.utcc prcviuusly �n c(f�:ct, from .�n altcrnatc mungagc inxurcr approvccl by Lcndcr. lf
<br /> vwC �oi e Form 3028 9190
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