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<br /> A'--�o�s
<br /> Thc Fu�xls tihull bc hcld in un institudon wh��yc dc�sits urc insured by u f�+dcral u��cy, fiistrument�lity, ar entity
<br /> (includins l.c�xlcr, iF Lcixlcr is sucti an intititution)or in�my Hnlerul Hnnx LAiiin dimk. l.cixlcr shiiU upply thc Funds to pay tiie
<br /> Furaw I�ems. l.cndcr m•���not chargc Fiorrmvcr fur holding iiINI applying Ihc C'unds,unmtully u�ialyzinc th�e c�crow attount,or
<br /> vcreiyin};thc L;�cn�w Itcros,unlcss l..cixlcr puys&�rrowcr intcrc.rt on�hc Fuixls nixl upplirublc li�w permits l.endcr tu makc such —
<br /> i►churbc. Huwcvcr,Lencier may reyuirc Elorrz�wcr to p;ry u ouc-time cl�urgc fi�r un indc�xndcnt rcal c.iatc�nx rep�►ning servicc
<br /> use�l by l.eiKl�r in connectiun with thix loa�i, unless upplicable luw pruvides �itherwiu:. Unless un ugreement is mude or
<br /> •rpplicahla law rcquires intcrest to be paid, I.�:ndcr shall nut bc rcyuircd to pay[iurrowcr any intcrest ur carnings un thc Fu�xis.
<br /> &�rruwcr and Lcndcr may agrcc in writing, huwevcr, thut intcrest shall bc paicl un thc Funds. i.cixlcr shull givc to Barruwcr,
<br /> withaut chargc, un unnual accounting uf'thc Fuixis, sh�iwing crcclits iu�d dcbies to thc F�u�x1s;uxl thc pur4xisc for which cach
<br />. dchit tn the I�u�x1s waz m:►dc. 'fhc Fui�dti tu'c[�Ied�!ed uti ndditiou;�l+ecurity for;dl swnc tictiurcA by�hir Security Intitruntcnt. �
<br /> If thc�uixls hcld by I.c�xicr exccctl thc anxiunts pertr.ittcd tu t►c hcld by upplicablc luw, l.cixlcr sf►ull uccuunt to Borrower
<br /> far the excess Funcls in uccordance with the requirements of applicable law. If the amuunt uf the Funds held by l.ender at nny
<br /> time is�iot nutiicicnt to p;�y thc Ex:row Itcros when duc, Lcndcr may so notify Barrowcr in writing, and, in such ca.tic Borrower
<br /> shall pay ta Lcixicr the anwunt necessary to make up the dcficiency. E3ormwer shall make up the deficiency in nu more than
<br /> twelrc tnonthll�paymcnts,at Lcndcr's sole discretiai.
<br /> Upon payment in full of ull sums sceuc��d by this Security [nsaument, Lender shull prompNy rcfu�xl to F3orrower any
<br /> Funds held by I.cnder. [f, under paragraph 21, Lcnder shall acquire or sell the Property.Lender, prior to the acquisition or sale
<br /> of the Property,shall apply uny Fur�ds held by Lender�►t the tiine of acquisition or sale as u creclit:�gainst the sums secured by
<br /> chis Securiry Inscrument,
<br /> 3.AppflGation oi Yayments.Unless applicabte law provides otherwise,all payments rcceived by Lender undcr puragraphs
<br /> 1 �td Z shall be upplicd: first,ta any prepayment charges duc undcr thc Notc; second,to amounts payable under paragraph 2;
<br /> third,t� interest duc;fourth,to principal duc;and last,to any latc charges due under the Notc.
<br /> 4. Chsrges; I.iens. Horrow�er shall pay all taxes, assessments, churgcs, fines und impositions attributable to the Property
<br /> which inay attatn priority over this Security Instrument, and les�sehold payments or ground rents, if any. Borrower shall puy
<br /> these ubligations in tt►o n�a.nner pinvided in paragraph 2,or if noc paid in thut msnn�r,Horro+ver shall pay them on timt diccctly
<br /> to the person owed payment. Borrower sh�ll prompdy fumish to I.cndcr ull notices of amounts to be paid under this paragraph.
<br /> If Borrower ma�;es these payments directly,8orrcwer shall promptly fumish to Lender receipts evidencing the payments.
<br /> Bonower shall pmmptly discharge any licn wliich has priority over this Security Instrument unless Borrower:(a)agrees in
<br /> writing to the payment of the obligntion secured by the lien in a minner acceptable to Lender; (b)contests in good faith the lien
<br /> by, or defcnds against enforcemeut uf dte li�n i^a, 1�gal proceedings which in the Lender's apinion operate to pravcnt the
<br /> enforce�nent of the lien;or(c)sc:cun:�;C�vm�e E.clder of the lien an agrcement satisfactory to Lender subordinatin�the lien to
<br /> this Ser�rity Instrument. If Lender c����r.�^i�es ds:�� any part of the Property is subjoct to a lien which may attain priarlry over
<br /> this Sa:uriiy Instrument, Lender may gir;5ornnt•�r a notice identifying thc lic�. Borrower shall satisfy the lien or take one or
<br /> more of the actions set fonh above within 10 days vf the giving of notice.
<br /> S. I#a�srd or Amperty Insurnnce. Horrower shall kcep the improvements now existing or hereafter erected on the
<br /> Propeny in�ured a�ainst loss by fire.haaards included within the term "extended coverage" and any other haTards. including
<br /> tloods or�.-a�aciing, for which Lender requi�s insurance. This insurance shall be maintsuned in the amounts and for the periods
<br /> th� La���»irr..�. T!:c i:sstszs.^.�.�rsrsier proeiding the isssu:anx �5a!! �:.chascs:by Ecr::.•::�r�ubj�i ia i.cnder'��pmew! •
<br /> which shall not be unmasonably withheld. If Borrower fuils to mnintain covcz�e described above, Lender may, at Lender's
<br /> option,obtain coverage+to protect[.ender's ri�hts i��the Properry in accorden�r�•ith paragraph 7.
<br /> All insurance policies and renewuls shnll be .��a2ptable to I.ender upd sG�71 include a standard mattgage clause. Lender
<br /> Rhall have the right to hold the palicies wid renewa;s.•lf Lxnder requims. Uqrro►���r shall promptly give to Lender all rcaipts of
<br /> paid premiums ai�d renewal notices. i�n r.i�e�vent of toss,Borrowcr sheU givr.pror�i notioe ta the insurance carrier and Lender.
<br /> Ltnder rtt�y make proof of loss if not•nue7e�ramp�y by Botrower.
<br /> Unless Lender and Borrower otherwisc Agroe Ra writing.insurunce proceeds�1 be applied to restoration or nep�r of the
<br /> Property damagal, if the restoratian or repa�r is�amicxlly feasible and Lend�sr's security is not lesse�uod.If the restoretion or
<br /> repair is not economia�lly feasible or Lender's security would be lesscned,the i�surance praceeds shall be applied to the sums
<br /> secured by this Securiry [nstru►nent. whether or not then due, u•?th any excess puid to Borrower. If Bonower abandons the
<br /> Propetty,cc does not answer within 30 days a notice from L.en�lac zhat the insurance carrierhas offered ta settle a claim..then
<br /> Lender ma,y collect the insurance proceeds. L.ender may use the proceeds to repair or crsto� the Property or to pay siiins
<br /> serured by this Securiiy Instrument, whether or not then due.The 30-day periad will t►egin when the notice is given.
<br /> Unfess Lender sc�il Horrowcr otherwise agree in writing, any appliration of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments n:Ferred to in pacagraphs 1 and 2 or change the amount uf the payments. If
<br /> undar paragraph 21 the Property is acquired by Lendcr, Borcower's right to any insurance policies and proceais resulting from
<br /> dqtt�age to the Property prior to the a�a�:isition sha11 pass to Lender to the extent of the sums secured by this Security Insmttnent
<br /> immediately prior to the acquisition.
<br /> 6.�cttupancy,Presex�atton,A19intenAnce au�d!'rotection of the Property;Borrower's t.oan Application;Lea�et�olds.
<br />, Fforrowor shzll occupy,establish,and use the Prop�;,ry as Borrower's prinr.ip�k�re.widence within sixty days after the execution of
<br /> this Securiry Instrument and shall continue to occupy the Proper[y ai Borrow•er's principal residence for at least one yeu a8er
<br /> the datc of occupancy, unless I.cnder otherwise agrees in writing.which consent shall not he unreasonably withheld, or unless
<br /> extenualing circumstances exist which are beyond Borrowcr's control. Bonowcr shall not destroy, damage ur impair the
<br />� Property,altow the Property to deteriorate, or commit wasta on clte Property. Borrowcr shall be in default if any forfeiture
<br /> action or proceeding, whether civil or criminal,is begun thut in T.ender's goad faith judgment could result in forfe9ture of the
<br />• Propeny or otherwise m�terially impair the lien cre.�t�d by this Scxurity Instrument or Lender's securit}•interest. Borrower may
<br />- cure such a default and rCinstate,as providaf in pangraph 18,by causing the a�tion or proceeding tu be discnisse�with a�ulins
<br /> that, in Lender's good faith dctertnination, precludes forfcitute of the }iorrower's iitterest in the Propes�ty or other material
<br /> � impaim�ent of the licn creatal by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> ' Horcower,during the loan application process.gave materially false or inaccucate infnrmatian or statements to L.ender(or failod
<br /> to pravide Lender with any material information)in connection with the loan evidenced by the Note. including. but not litnitcxi
<br /> to, representations cattcerning Borruwer's occupancy of the Propeny as a principal residenee.If this Security Tnstrument is on A
<br /> la�schold, Borrower sh;ill comply with all the provisions of the le;ase. If Bo:zower acqui�s fcc title to rhe Property, the
<br /> . leasehold and the fce title shall not merge unlcss Lcndcr agrces to the merger in writing.
<br /> 7.Protectlon of Lender's Rights in the Property.If Borrow,er fails to perform the covenants ancl agrcements contained in
<br /> this Security Instrument, or there is a teg�l proceeciing that may significantly affect L.ender's rights in the Property (such as a
<br /> proceoding in bankruptcy, probate, for condemn�tion or forfciture or to enforcx;luws or regul�tions). then Lender may do and
<br /> �ay for whatever is necessary to protect the value of the Property und Lender's rights in the Property. Lencier's actions may
<br /> mclude paying any sums secured by a lien which has priority over this Security Instrument. appearing in court, paying
<br /> �sunaoic aiiorneys'iees and en�ering on me rropeny ro make repairs. Although Lender may take action under this paragrapl�
<br /> 7,[,cixlcr docs not havc to do so.
<br /> Any amounts disbursed by L.ender under this paragraph 7 shall becomc additional debt of BaT•rower secured by this
<br /> Sccurity Instrument. Unless Borrowcr;►nd Lender agrcc to other tenns of payment,these amounts shall bear intcrcst from the
<br /> datc of disburscment at die Notc rate and sl�all bc payable, with intcrest, upon noticc from Lencier tu Barrowcr rcquesting
<br /> paymcnt.
<br /> 8.Mortgage Insurance.If Lender rcquiral mongage insurance as u conciitiun of making the loan secured by this Security
<br /> Instrumcnt, I3orrowcr shall pay the prcmiums reyuirecl to maintain the nwrtgage insuroncc in effcct. If, for any rcason, the
<br /> mortgagc insurancc covcr.�gc rcquired by Lendcr lapses or ccascs to bc in effixt. Borrower shall pay thc pnmiums required to
<br /> obtain a�verage substantially eyuivalent to tl�c mortgage insurance previously in effect,at a cost subst:uitiully equivalent to the
<br /> cost to Borrower of the mortga�e insur,�nce previously in effect, from an alternate mort�age insurer approvcxl by L.endcr. If _.
<br /> Peo*�o�+ Form 3028 9/80
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