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<br /> 98-� iossi6
<br /> The Funds shall Ix ixld in un institution whose deposits arc insurcci by a fcdcral agcncy, insccumentality, ��r entlty
<br /> (lncluding[.ender,if Lernfcr is such an institution)nr in any Fedt�ul Hnmc I..oan Dunk. lxnder siiall sippiy the Fundt to pay�he
<br /> F.acrow Itema.Lender m�y�x�t charge Hc►m�wer for hnlding u�xl upplying�he Funds,unnuuily nnulyr.ing the escrow accuunt,c�r
<br /> verifying Iht Escrow Item�,unless l.ender pays&irrawer intetest nn the Funds and oppIlathlc luw permits I.encler ta nutke such
<br /> a churge. Huw�ver, L.etxicr nu►y tcquire Barrower tn pay a ati�c•dme cbur�c for n.n Indepcndcnt rcal estate tox rcponing c�rvicc
<br /> nrecl by Le�xier in c�nnection with this loan. unle�s applicahlo law provides �thcrwise. Unless an ngreemrnt iy mwcle or
<br /> applicable law rcquireti intcrest to hc{mid,l..c�xler shall iwt bc reyuired to puy 13orrnwcr��ny intcrest or eiirnings on U�c Hundz.
<br /> &�rrower unci Lcixler may abrec in writing, hnwevcr,thxl intetrst shall t►c pmd�n thc Funds. Lender shnll give t��&�rrower,
<br /> without chacge, an annuul accuunting ot'titis �unds, shawing credits and debits t�the Pund�unci the pur�le f'or which e�►ch
<br /> debit to tha FurKis was made.Tho Fundti are plaiged as additianal securi�y far all sums securecl by this 5ecurity In+trument.
<br /> If tfie Funcls held by L.ender exceed tl�e nmounts pennitted to be held by epplicable luw. Lender shall urcount to Iiarrc�wer
<br /> for the excess Furx1�; in accordunc:c with the teyuirCn�eutr uf applicable law. if tfii amaut�t of the Funds held by I.Gndr.r nt m�y
<br /> tinx is ncit sufficient to pay the Bccrow Items when due. I.erxfer nwy so�xxify&�rrower in writing, six1, in such cose i3orrower
<br /> shall pay to l.encler thc amount necessNry to n�akc up the defici�ncy. Borrower shall mnke up the deficiency in no morc thnn
<br /> twelve monthly payments,at Lcncler's sole discretian.
<br /> Upon pnyment in fiiU nf all sums securcd by this Security [nstrunxnt, Lender shall promptly refund to Borrower uny
<br /> i�ucxts Fie�d by l.ender.if, under puragraph 21, Lcnder shell ucquire ar scll thc Pr�peny.I.e�ider,priar to the acquisidon or sale
<br /> of che�cr,�erty, sh�ett�ply any Fu.rxls held by Lender ut thc dme of acyuisitian or sale a,��crr�lit:�gainst the sums securcxl by
<br /> this Saeetri.Gy Tusttument.
<br /> , �,�,��k�o�t�"atp mNents.Lln.l�ss upplicable law provides otherwise,all�uyo.�u�s r.ec,�ei:ved:by f�x.nder.unr,i:er.�,�.r.agcaphs
<br /> 1 t�nd 2 K!� y be a{�pliod: f:�.rse�to ai.ty prepayment charges due under the[�o+:e:s�conr�.eo air.uxtucs na,YalZle u.ncfrr. �a.ra.g.r,►ph 2:
<br /> thi�tl;�Um:�^.`crrest civ,e:f.our.r.h,co�rrii�:,.�;+:�el due:u��d last,to any I,�.t.e char�es rJue uin�f.er t6e Dlor.e.
<br /> .�}.,tt;�'�t}ges;i,.6cros. Bonow•c�r. .h:sl.l pay .'�11 Eaxes, assexsnx:itls,chaxges.fn�s arx,k i.emposi.t:ions%�ttreC�t^.taihl'r Q�T Q�c^�Property
<br /> which y»ay attain priority ov�r this 5:x:urity T�1scr.c»neni,�id[easeltota pa�r�nts or gcExtnd �nts, if a�:�.p. �i��r.,a7`wer shaU pay
<br /> • the.ee obHgations in the���uier provld�d in p;�-a�r�,�a 2,or cf nr,�:p:Rid ir�tFr.at r�antxr,livrrou�er thaf.t pa��+�'�c�ri on tiir.e directly _
<br /> � to the perscn owed pa�irnent. Barmwer shall pi�c+::;}'+t�y tumislt e�1�.et�r aii r,eae:asc�ui,acwvu�iis iu;�,F�=ti;;�der this p»rsgs°rh.
<br /> If Borrower makes the,+e payments dirccdy,Batrower shall prum{�+J.y f�un"r�b,u��-�r�1=r e��cvt.Pts zvidencing the payments.
<br /> Borrower shall promptly dischuge any lien which hns pre!*r.�:��owcr+lzis Scc�caity 3�r�sr,.r,.ment unless Borruwer:(a)�grees in
<br /> writing to thc paymant of the obliFntion securod by the lien in n�mn��eT ar.�,,r,'tu2s'f�to i.,eneace;(b)contests in good faith tha lien
<br /> by, ar defends against enfbrcen�nt of the licn in, legal proceccli�y ►��;,:raa in the Lendcr's npininn oQamte to prcvrnt the
<br /> enforament of'the li�n; or(c)secuns from the haldor of the lien an�,green�ec�z satisfactory to I.ender s�ubt�rdinating the lien co
<br /> this�ecurity Inscrument. If Lender detennines that any part of the Property is subject to a lien which mny attsfn priarity over
<br /> this Socurity lnstrument, Lender may give Borcower a notice identifying the�icn. Barrower shall sutisfy ahe lien or lako one or
<br /> more of the actions set forth above�vithin!0 days of the giving of notice.
<br /> S. Hasud or Propett� [tt`uratxx• Borrewer shaU kap the improvements now eaisting or horeafter crectecJ,on the
<br /> Property insured against loss by fire, ha7nrds included within the term "extended coveruge" and any other ha�anls, i�cluding
<br /> flaxis or flooding, for which Lenda•requires insurance.This insurance shail be maintained in the amcwnts atd for the.periods
<br /> that I.ender requir�. The insurance carrier providing tho insu�ance shall be chasen by Borrower subject to Lender's approvai
<br /> which shalt not be unrsasonably v,ithheld. If iSorroK�er failK ta maintain coverege describod �abovo, [.ender may, at l.ender's
<br /> opti�n,abtain cx�verage to prateat Lencler's rights in the Property in accordance wiii�Pui��'sixNb'%�
<br /> All insurunco �o I�cies and.rcnewals shall be aco�tablo to L.ender and shall include.a standard mortgage clsuse. '.Lrndcr
<br /> shail huvc the r)gltt to huld thr palicics and rencwals.If Lcnder requires,Borrower shall promptly give to T.ender all receipts of
<br /> paid premiums and ctnewal nolices.In the ev�nt of loss,Ek�rra�ver shal!give pron�p[notice�to tfie�nsuranc;e carrier nrxt��nder.
<br /> L.ander may ma1:e praof at loas if not made promptly by Bocrower•
<br /> Unl�ss Lender ai�d Borrower otherwise agroe in w�Iting,insurance proceeds shall tx;uppliod to restoration or repdix af the
<br /> prc,perly dartwged, if the restorrtion or rcpair is economicatly fc�5ible and Lender's security is not lessenod.If the rrst�,raiioa or
<br /> rc�ir is not eoonomically f�xsiblo nr I.ender's security wauld ba lessenod. the insuruttee proc�rods shall be applied tp the sums
<br /> securod by this Secatity lnstrurr�nt, whether or not then duc, with any exass paid to Aonawer. If Bornower abanc{on� t1k
<br /> property, or docs tx�t ansNrr within 30 days a notia from L.ender that the insurance carrier hss offerocl to setde a claim, tha�
<br /> L.rnder may colloct tho insurance praSeeds. Lerxier ctuy use the ptocoals to repair or restoro the Property or to pfty sums
<br /> � securod by this Sa:urity 7nstrument,wtxther or not then due.The 30-day perial will btgin whcii the nclticc is•given.
<br /> Unless L.ender and BormwKr otherwise xgnx in writing, anY apPlication of procceda to prinoipal stWl not extend or
<br /> postpcanc•the due date of the monthly.payrtxnts refersed ta in paregrnphs � �nd 2 or change,the anx�unt of d�t pay�nent�. If
<br /> under',para��tiph 21 the Propetty is ucquired by L.ender,Borroeyci s nght to any insutmxc p�licies.and prooeeds resul��nR-from
<br /> dam�ge•tq the�►roperay prror to tbe acquisition shxll pass to T..euder to the extcnt of thc sum,e secured by this Sxurity Tnatrumatt
<br /> immodi�tGly,�riQr to�the acquisi�ian, • '
<br /> 6..UctupMncy,�e�ervatic�ri;MaiMeaance and Protection o[the Prol�e+'tY;BorMwar s Loan Applka�lou;[.aeebold�� , ,
<br /> Botxower shall xcupy,est�blfsh, Fmc�use thL Property as Horr�wer's pdncipal r�sidenco within sixry days after the exocution of
<br /> this Sr,�u�ity[nst�ument anci shai�coreeinue to occupy the Prog�eny�.s Borrower's pritx:Vpul residet�ce for at la�st one yar sfter
<br /> the dntr uf occupuncy,u»less Lendcr aherwise a�rces in writing, which consent shall not.l�e unreasanably withheld.or unless
<br /> extenwting circumstan¢es ozist which are beyond Barrower's control. Bomower shajl not destroy,,dam�gc or imprir the
<br /> • Property, allow the Piuperty to dct�riorate, ar commit wastc on the Property. Bortower shall bc in c�efualt�f any forFeiture �
<br /> action or pmceeding,whether Civil or crimin.11, ls begun thut in Lendcr's goad faith judgment could.resule in forfeiture of the
<br /> property or othr.rwise matorial[y iirrpuir the lien crwtai by this Security Instroment or Lender's socurity lnterest. Borrower may . ,'��
<br /> cure such a dcfault auxl reh�state,:�s pmvidad in purngraph 18,by causing the action or praceaiing to be dis►nissed w3th a ruling
<br /> that, in Lender's good fuilh dctermination. prcciuJes forfeiturc of the Borrower's interest in thc Yroperty or other matcrial
<br /> impairment of thc lien crcated by this Security d�utrument or Ltnder's socurity intcrest. gorrower shall sdso bc in dtfwlt if
<br /> Borrower.during the loan�lication procass,gave muterially felse or inaccuraRe infam�atlon or statements to Le��der(or fubc5' �, . .�.} '
<br /> to provide I.�ender with�ny maccri�l i�iforcnation)in connection with ttx lo�n evidcncxd by the Note,including,but not limi�i{:.;;,� ,"''
<br /> to,rrn►resent�Nons oonceming Borrower's axupancy o�tha 1Pccmeny as a princip�l residenee. If this Socurity InsMa�s4 is on a, •,: ;:'•:
<br /> leasebold, Borrower shall comply with UU lI1C ptOVISNI►DS US,� IC35C. If Iiorrow�' :�cquic+es fr title to the �fi�ty. � '
<br /> leasehold and che fee titte shall oot mer�ua��xKr�1..e�xlcr sgrces t�ths 4�er8er in writiv�. , .�,,.
<br /> 7.IM►te�tloee��i I.ender's ll�rlcrt fwr KkMr�r�peti:y.If Borrower fail.4�t,o perfonn ii�cove�unts and agroements contairbd'e� . .
<br /> this Stcurity 3:ns�:ni�r+cr�t.ur th��is a te�al.��fr:���v.-eding that►nay signi6�caixly �fl'oct[.+ertder's ci�ltcs i:ia the Property (such as;u ,
<br /> prt�coeding in tfcu�ic�uptcy.rin�lriui�, fc�r a�milznna�inn or forfeiture ar to cenfo��z:law��or regui�ti��us),. tfien Lender a�ay do�rd1
<br /> ��;i�1hr whatever is neces.�� eo pn�rect the valu.e of d�t Prc�perty and Lendc�'"s ii�gi�rs. in the PY��pra'•ry. Lxnde+''s a�eticros may
<br /> iuciucic paying any sums xcu.r� lsJ+ a (ien which h:� priority over this Sa.•curir.y l:�sstiunnent, �x�'�n�r iiz ec,rcrnt. paying
<br /> reasonable attomeys'fas�uid cyse��in�g on.ti�c:{3ohert7�in m•,ifcc rep�airs.Altt►oug6 C.i.^�TC1�r m�y t:►ke a�cion ur�dlcr rhi,a pangraph
<br /> � 7 i�nl�r clnrc nnt Ii9VC t0 dtl SU. • L.. .7.W.,
<br /> � ••--'Any amounts disbursed l�y L,c:y�dGr u��der dti� ��a�:��raph 7 shall [xeome aciairinnai acoi oi na��7t,m,- �w=-� �� ---�
<br /> Security Instrument. Unl�s tio+�•o�rer u►d 1.e►xier�tgzu tu cKher terrns of payment, ti��se�unounts shall bear r��ccn.st from W�e
<br /> date af disbursement at the Noce rate atxl shall be payai�le, with interest, upon ex��'ic� from I.ender to Borc�:+��:r rcquesting�
<br /> payrncnt.
<br /> g.Mort�ge Insunnse.If L,ender reyuirai nwn�agc in�ursince es s a�nditiun of making thc loan scti:ured by tNis SecuntY
<br /> Instrument. Borruwer shall pay thc premiums required to nwtnt�ln the mortgage insura�x�e m effcct. If. fnr any reason. the
<br /> nwrtgage insunnce coverage reyuired by Lc►xkr lap.r•es or ccu.sex to bc in effect,Bo�rower sha{I pay the prcmiunu rcyuircd to
<br /> ob�ain mverage substantially equivolent to the nwngage insurarce previously in cffcct. at a cost substantially equiv�lrnt tu the
<br /> wst to Burrowcr of the rru�rtgage insurancc prcviously in cffcct. I'rom �►n altcma:� nxangage insurcr appro��od by l.e�wler. If
<br /> � Pp�;t e14 Fam 302� 9►W
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