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<br /> � ��` 1()6:35'Z
<br /> The Fundc �hall h� htld in �n inWilulion who�c �si�s urc imuml h�� u talcrul u�;cr►cy, ia�rumenl�lity, ��r entcty
<br /> (irkludin�t,en�fer,if I,cixi.r i.wch�n im�iluNan)nr in uny FcJerul Nan�c I.uun Ha�ik. l.endcr+hull apply thc Funcl�to pay the
<br /> C'scmw•I�cn�.�, Lxixlrr m�►y iK�t chur�c Nk�rr��wcr fur tx�lding uiKl�pplyiu�t thr I�wxl.,;�nnu•rtly uiwlyr.ing tFx escmw ucc�wnt,or
<br /> ve�lfyinK tFse t?.cn1w rieie�.,unlec� l.e�kier{�xys A��rmK•er 4+��err��utt ttN Fuixlti uiKl upplicuhir IuN•pennhc I.eixier ts�nwke such
<br /> a ctwr�e�.H��wevrr, l.on�i�r myy rryuirc 11�rn+w�er ta�:����►une�timr c�wrge li�r un iixl�;ixicnl rc�l e�l�le lwx rc�►rAing �erviir
<br /> uxcl by l.ei�irr in rumeectl��n wilh this li►xn, unlr.�� applirablr luw provide� ulixrw•ise. Unlrss un ogrccmenY ix m:Kk or
<br /> �►{�+Ucrblc Irw rcyuires intcrr!ct In t�puid, l.cixkr sUnll ixN t+c rcyuirrd to p�y l3��rruwcr uny in�crt►� ax curning�on�hc Fu�xis.
<br /> ti��rcnwtr axl l.crxkr nu�a��rec in Wr�ting, tK�we�•er,ih�t intercst �Fu►II be prid iin thr Fwxf.. LcnJcr�hall givo to&xrn�vcr,
<br /> wilMxu chs�gc, s�n unnu#1 w��txNintim!ai thr: Fu►Kts. hhuw•inR cn�fits ui�l dcbits t��Ux: I�wxls utxl tl�s:purposc fnr which r.K:h
<br /> dehit t��tho FunJc wws n�lo, Tho`u�x1x wrc pledgal uc u�kfi�icirwl.r�.ti:urity for ull sumx+ecurail by thi+ Security Inurument,
<br /> If thc F�urn1s heW h�,•l.ct�lcr excecxl Ihe unxxml.pemtiltcrl to He held hy applicahlc law, L.e�xkr xfu�ll acawnt to Born►H�er
<br /> for thC exrr.r•s Fuixi� in u�ti�rsi�nee> N�ith�he n�uircnxnts of upplicuhle law. If the+u�xwm uP Ihe �urxls held by l.enJer at uny
<br /> dn�o ia rxx.u�cient �n�y�ho lr�c:ri�W�I�ems when dua.I.�n.ler nu�y w�n�Ni�'y Hnrn�wer in wri�ing,wr�i,in such c�.ce&�rrower
<br /> sl►wll Mp to l.ctxler the stnwurn noc��saq�tu nwke up�he deficierky. �rmwer shall make up the deficiency in nc►►m�rz than
<br /> ta�el►�c nx�ntlil���ymrd�:,xt I.xncler's uila dic��ction.
<br /> U{xm �ynxnt in full uf dl sums w�.Y�recl by this Securi�y Ins�run�rn�, Lrnder slwG pmm�tly rcfurnl ta&�rroWOr any
<br /> �un�i�hcld hy l.e�xfer.If.wxier�.rubraph 21, I.encicr sFu►ll n:quire o�sell tFx Propcny,Le►xicr,prior to the arqulsition or wle
<br /> of Ihe Property, sh�ll q+ply a��y F�nxls l�eld by I,endcr�t the time�f ucquisition��r sale as u crcciit�gainst�lia sunn securod by
<br /> �his Socu�lty Inatniment.
<br /> 3.Applladon ot Payments. Unless applicnble luw providcs othcrwise,ali peyttxnts rccYived by l.e�xier uixlcr{►arngn►phs
<br /> 1 mxi 2 shall l►o ur►plial: fir�t,a any prepaymrnt charges due un�itr the Nr�te; scco��l, to arrxwnts pay�ble wxlcr puragraph 2:
<br /> third,to intcrcst due• founh,to pri�xipal due;and la.u,to xny late charga due ander the Note.
<br /> 4.Clu�rees;Lietts. Ik�rrowcr shall p�y •rll taxes,asseysmrnts, clurges, fines+u�d imoositions at�ributablc to the Pro�erl.K
<br /> which may attain priority over ihiti Security Tn�ln�ment, Anci lensehold payments �ir gmunci ren�s,if any. &�rmwer sha[I.pa�r
<br /> ihese abligatians in t)x mamx-r provided in puragcaph 2,o�if�at pxid in that manner, Bonnwer shdl py Ihem on time direccty
<br /> tQ the person owal payment. Borrower shsll promptly fumish to l.erxkr all naices of�mounts ta be pdd u�xl�r this pare�rupt�.
<br /> !f Boer.owrr. cnxkes these payrrxMS diroctiy,Borrower shall promptiv fumish to Ixnder receipts tvidencing �he puymeiir,s.
<br /> Borrowec shall promply disctwgc any lien whicti Iws priority uver�his Securiry Io.urumtnt unlass Barrower.4a)agr.ces in
<br /> writing tn ti►e paymcnt of the obligatio�secural b��the Uen in n nwnner�cce�tnble to I.ender.(b)con[�ctc in Ro�d fa'r.tlr�Erc lien
<br /> by, or defends against coforccment of thc lien in, [ega! prncecdings which in the Le�xier's opinicm o�crete �o prevent the
<br /> tnforcement of the lien;�r(c)securcs from the holder of the lien an agrcement satisf�ctory to I.ender culyonlir.rating the lien ta
<br /> this 5ecurity Instrument. Lf R.cider dete�mines tF�R aa�y pact of rhe t'ropeny is subjcrt to a licn wlifch nt�r�a�atvnin priority over
<br /> �his Security Instrument, l.ennier mwy�nve&xrowor a noNce identefj+ing Ihe lien. Bortnwer sfiall salisry tho lien or take one or
<br /> marc of the actions set forth abore within l0 days of the giving of notict.
<br /> S. Nwrd or Pro{�ert� I�urnmimr. Borrower shall kcep tt�e improvements now existing or heraticr ercctal on the
<br /> Property insural rgainst loss by firc;E�r�zards Sncluded w•ithin the term "extendal cov�rnge" and �ny other hazatds, including
<br /> ¢1rxxlg nr flmclin�; fiir which Irrr�er irmnire_c incurHnce.Thic intiurance shall be malntalned in Ihe atnounts uid for the periads
<br /> thet Lender roquires. Thc insurance ca�n'ier providing the insurw�c�shall be chosen by 8orrower wbject to L.ender's approval
<br /> which shall not!x unreasonably witthth�.."<<t. 1f Borrower fYils tu mainwin coverage described above, Lender may, yt l.end;.r's
<br /> option.abcain caverage tu protoct txrr,'i��s:',�ights in tht Propetty i.rr�accordar►ce with parag�pl�7. ."� .
<br /> All insurAnce policies and reneu��,l;5 tio,�ll be auoeptable tn �•-r�.�icr and shall include a standu�d mortgage clause. Lencier
<br /> , shall have the right to hold the poli�ies�n;l�enc:wats.IIf Lender recJudres,Borrower shxll promptly give to �.rnder dl roaips of
<br /> , ,. � ,paid promiums and renewal notices.1n the event o�li,ax;,$orrower shall give p�anpt noticc to the insuruw,.�e c�urrier a�xl Ixnder.
<br /> . � J.ender m�y mrke proof of loss iF nut mtdc pmmpq�#r Ih�;Iiorrower.
<br /> • Unless i.ender and Bomower odierwise agrec�ae writing,insucana proceeds shail be Applied to txstor�tion or rep�ir of the
<br /> Property dam�gai,if the ratarYion or trpair is ecak�mically ftasible and I..endcr'�security i�not lasened.IF the restoratioo or
<br /> rep�ir is not eco�omiaJly feasiMe or Ltnder's seruriry would be lessenal, tho insur�nce p��o�eds sFtall b�+�pplied to ihc wms ,
<br /> securod by this Socuriry Instrument, whether or not then due, with any exass paid to Borrowu. If Horrower�badoru the
<br /> P�qnrty,or does not mswer within 30 days a notice fmm l.cnder that the ins�ara�ce carrier has offerad to settle�claim,tl�a�
<br /> L,ender may colloct the insurance praceods. Lencler Ai�y use the prooeeds tn repair or restoro the Property or to pay wms �
<br /> securcd by this Sexuriry Itutnimer�t,whethcr or not thcn due.The 3aday period will begin when the nc�ioe is given. � , �
<br /> Unless LerKler and Borrower ot��-erwir�e agra in writin�, nny application of prr�cads t4 princippl shall not exte�: •ox
<br /> . postpene the due datc of the ma►thl}:;pt,}•mrents trftrrod to in paragraphs l and 2 or clwnge ti�e�maunt of the p�y�ternts. 3IF ,
<br /> • .i'.,r� .under paragraph 2l the Property is aet(u3;qcfi by[,er:lee,�8orrower's right to any insuranee polieies and proc�s rcsultin�from .•.i,,��;
<br />'.�t'.' � dartuge to the Pro�rty p�rici'r't��Ihe acquisitiun t�t�al'��».�'�o Lender to the extent of the sums socurod by thFS•!xiaiuity Instruma�t �.; ::
<br /> itnme�iately preor to the�cryu i:sii'an. � � „ -
<br /> . 6. Oecup�ncy, Prc�er�•�Sioa, Ma�fnta�nce•s�r�ll�}3•utaction of the Pro}xrty;&�rrowec's L,oan Ap�ilieition;I.erc6ofds.
<br /> Borrower slwll occupy,establish,and.a;s�.thp i'ro}kny es Bnrrower's principal r�,cidence within siary d�ys after the eaecudon of'
<br /> this Sawrity Instrument arnf stull cuacuuane to occupy the Property as Burrower's principal residence for at least one ye�r afler
<br /> the date of oocupancy,unless Lendt�t�t�t�e�vuise agrruc in writing, which consent shall not be unnason�bly w�ithheld,or unless .
<br /> extmuating circumstancec raca�yv�h9c'h•'ti�e beyorr,id Borrower's mntrol. Borrower shall not destroy,cla�gc or imp�tir th� '�`
<br /> Property, allow the Propc.:sy.to des�ll��arntc, or cc►rnmit wastc on the Propeny. Borrower shall be in de1F u'� if any forfeitur�e �1.
<br /> action or procoeding, wheftier civil o�-rr�mi�al,is begun that in[.ender's good faith judg�es�R.��uld rcs��2 i�a.torfeiture�f the ' �'�
<br /> Property or o[herwise materially im�eir:�I�e��en creatod by this Stcurity Instcument or IxndcR;,sccu�fi};i�aV��.Borrow'ek'm3y
<br /> curo sw:ti u cfrf�ult and reinsts�te,as pr�videu in pa�agruph 18.by,�nusBng the action or proceedis.i,;lq�be�«liisr�i:ssett with.a,�ci:Fi+t�
<br /> ,..,that, in �,�ndc�'s good taith ddermiiti��tic�nr,p�erl�u3es iorfeiturc'�ai the Borro.vcr's lnterest in��k�����:�,;�a.uthei't��ia;;���1
<br /> • i�mpaim�e�i`f�a�frthe li�en.�xepted by this Secu�ty �i�lLrt•rr�mtnt or Lender's security interest. Borrow�er �t�Gl;:iisc�-3e in det�l�ft'if
<br /> �:. IXi�rXtpwu_i;nn�g the loan'applicntion psooess,gavc 1nas�rially false or innccurate infomution or stateimtrttg n,>'4;ender(or f�iled ;
<br /> '�Io provick°.'�Lend,tr vv3t�u��y maierial in8'�irmation)in cunnxtion with the Iwn evidencod by the Na►Se, rncPsr��Ii�i•,'but rat fimitod ,
<br /> to,represc�q,�t�xtiaans a�noernmg Bon+�x�em�s txcupancy oP the Property ss a pri�kipnl residenc�:. If t`tii�{�a�ltq�aurumcnt iS on a
<br /> leasehuld� g3orruwer shall comply� es�7,ta ��9� tt�e provisions of the leese. If Borrower acquaKi:s.f�r �ttb,,io the Prope��rr`i;�e .
<br /> leaschold and tho fet liAc sr,als nr�.�rarercc��nless Lcndcr agrces to the merger in writing. ', �" •� ' ,
<br /> 7.Protation o�[.e+tirhr.r"x Itiip�M�:��In the Property.If Borrower fails to prrform the c.�ovetiants arad ngr:ements containal in •
<br /> this Security Instrur�+ait„ ,o-��ciherc us,u 9cqal proceaiing thet may significan�cCy affecs l.ender's;i�fi�ts�n,n a,toe�F�raperty{sucEi as� .
<br /> proceaiicg rro bankruptcy,probr�,: f��r cc+mdemnation or forfciSCCC�ot to enforee laws or teg�u6�Y9ors);,:shfu�Lender map�c�u and
<br /> 4►ay fc�e w�r;uuvcr is neccssary ta��i�enr���a��e vatue of thc Pn�{,ccr.�,a�nd Lencier's rights in stre_:4'',.-��ny. �.ender's a�ccios�s ii�ny
<br /> ....LuLr mv��,<o unv <umc uar+ueaA! hv .-•� Cian wlsirla h:L.c �ro�.vnt� .�.ti.nr t6:c Cwnuriw I/IdlYO�YYMM:'9}'11V7tl.110 in(vuse! ewvino
<br /> :..�.�_ c-�!,'_o —'! __..� '___.� _r ._ _.�. ..____ � �'�"�,, _'_' �_ ..��"'� _�_�' -��_� "' '_—" +-„".,o
<br /> rcasonab��atrorncys' fces and cntCring on thc Pro���Ty E.o makc repairs. Although Lender may r���ak:xia�n undcr this paragraph
<br /> 7,Lender Jocs na huve to d� so.
<br /> Any amnunts disbursed by I.endcr undcr this patagraph 7 sFwll become additiotu�[ dc3ii'. of�nn�wer seCUra1 by this
<br /> Security Instrument. Unlcss Burrowcr suxl Lcndcr agroe to nther tcrnis of payment, these an�uu�tts shall bar intercst f�nm the
<br /> date of dtsbursctnent at the Nde rate a►�d shali be payablc, with inlerest, upon no�ice from L.cnder to Borrow�r reyuKSting
<br /> paymcnt.
<br /> S,Mort�e I�surwnce. If Lerxkr requircd mortgage inwrance as a condition of making the In:an securoci by thi►Socurity
<br /> Instn►ment, Borrowcr shall pay tl�e prcmiums rcquirrcl to maintnin the nwngage insu�ancc in effect.if, for s►ny reason, the
<br /> mongage insurance coverage requircd by l.croiler lapses or ceuses to b�;in etYcrt, Rorrowcr shall My the prccniums roquiral ta
<br /> obiain coverage substantially equivalent to the nartgage in�u:ance previously in etTixt,at a rnst subst�ntially�quivs�frnt to the
<br /> cust to Borrower of the mo►tg�ge iasurance prcviously in etl'ec:t, from an altemate nx�rtgage insurer�pprovai by Lnxler. If
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