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<br /> Tl� Funds shAl) f�c held in �n inctitution whos� depc�tii�s u�e In�ureci by a fed�ral ug�lcy�nstrunxnt'ality,or rn uy
<br /> (lnchKfing l.eater,iF l.r.ndrr is such+�n institutionl��r in any Federui HomoLc�an Hunk. I.cixler shull appjy ihn Fu�►�i�to puy the
<br /> l3.ca:rnw 11ems.lxixier mMy iK�t charge&>rrower fur h��l�ling und applyfng Qx Fuixi.r•,unuually unulyzing ttio e�crnw account,or
<br /> ��erifyinH Ihe 1'sx;ruw llems,unle►s l.aixler puys Eku-rnwer interesi nn Qie Funds und upplicuble IaH�permit�l.cixler tu nu�kc such
<br /> a cherge.Hou-evcr, l.cnder nuiy rcyuirc f3urrower tn puy u one•Iin�z cnargc for an iixlcpeixlcnt rc:�l cs�tl[C I�K rcpnrtin�; cervice
<br /> usr.�bv I.Ctxler in connection witlt thi.r• loun, unless appllcaiUlo 1rw provielcs otherwisc. Unlcss nn ugree�i��nt Is��tudp �r
<br /> opplica�+le law requires interest►o he paid, 1.encier shxll not hc reyui r�d to pay&irrower uny inlerest or eamings on�hC rutxts.
<br /> &►rrower und l.er�e�nu►y ugree in writing, however, that intLrest tihall tx;puid on Uk� Fui�dti. Lender�t�all giv�ta�rrnK•er,
<br /> withnut charge, un annunl accounting of the f�utuls, showinK cralitti nnd dehits to thu Fu�x1s uixl the S�t�r�se. for whirh each
<br /> Jcbit to thc��unds wus ntadc.The FunJs urc pleclbed as�ddilional securiry fur all sumr scrur�:d hy th�s Sc�unty lnstrument.
<br /> (f�he Funds held by l.enel��excec�l the anx�unts Exrmiued io be held by ap{slicuble luw, l.,eixi4r shai 1 nccuunt to l�<irruwer
<br /> for ihe excess Furxlti In accordanre with the requirementti of applicable luw. If thc umoum of the Fuixlx held by Lei�ler ut uny
<br /> iinx is not sufficicnt to puy the�:scr�w Items when due,[.ender n�ay so ncNiPy f�irrowcr in writing, aix1, in such case 13orroa�er
<br /> shall puy to I.e»dcr the unwunt neces�ary to make up the dcf�ciency. Borro�vcr shull mukc u� �hc deGcicixy in no roc�rc thun
<br /> �welve nwnthly puyments,at L.cixler's u�le discredon,
<br /> Upnn pnymcnt in full of ull sums sccurecl by this Scc��ri�y�Instrunxnt, I.cnder �lu�ll promptly refund to I3�rrnwer any
<br /> Funds lield by 1.ender.►f, under parugraph 21, l.ender shnll acyuire or scl l the Pm�rty, I.ender,prior to thu acquisiiloi�or snlc
<br /> nF thc Property, shull npply any Funds held by Lcnder ait the ui:iix ot'ucquisltion or snlc us�crcdit cig+iintit ihc tium�accured by
<br /> Qus Sccurity]nstrument.
<br /> 3. Applleadon of Puyments.Unlesti applicaFrt.c I�w ptovi:rJcsvt:f.ierwi.x, :�.II payments received by l.ender uixlerparag;aphs
<br /> I tencl 2 shall 6c applieJ: tirst, to uny prepuyn�cnt clw.t�es duc und4rr thc Notc;seconJ, te�umuunls payat�le under paragraph �;
<br /> IhirJ,tc�ii�tere�t duc;;fou�ih,to princi.�al due;aRd Lase,[o aiiy P%xte cL`eargcx due�ui.i.dcr th�I�icne.
<br /> 4, Ch�rges; l.icns. 43orrc�wer sl'rall pay a!!taxes, asscssrm.cnts, char;,c�, Cnc�acx! ent�xrtiiti��nti uttribuiable to thc Propc►�ty
<br /> which �xiav attain nriuriev over Rhis Security I�ulninxitt, and 1!easeQ�old p�;+}rczents or gromxl rents, if an}.Dnrrower shull pay
<br /> these obligations in thc tm;�nncr pvos�r�cd in pacagraph 2,or if��c;g;ted in ifi:tr, r,n��nncr,l3orrower shal l pa�r Uicm on tinx directly
<br /> to the Fx.rsan owed�aynr.ent. E3on•ower shall p�om�tly furnish,a4�I.�:s�t►er•a;ll ai��2ices of amounts to be pa�cP. under Il�is pni.igrnph.
<br /> �� lf Botrow•er makes th�;x;,pn}ments d'erecdy,Borrower shall pru:m,tl}� fum3sh�c�Lender receipts evidcixing die�ryRZ�,en�s.
<br /> � k3orrower shall prnmpily discharc�e any lien which has pr,i�o*�n• ocer�this Stcurity Instrument wiless F.�c�rrRa+�er: 6a1 a�ynx.in
<br /> writina c�.t�ne payment of the obliSat+wi secured by ihe lien in •a ai�r»zer xr.ceptablc to Lender; (b)cuntest::in�e�a! faittn r,f�;lien
<br /> by, or �c�et�nds against enforcement oF the lien in, Iegal p'rnc�e�iia�s whieh in the Lender's opinion c�perate ta prr�vent the
<br /> enforeenxnt of the lierr, or(c)secures from the holder of th� iiFn ri»agreement sutisfactory to Lender suRwrdina�ing ilte lien to
<br /> �his Security Instru7xnt. If Lendcr detcrmincs that any part of i5e Propert>••is subject to a��icn whirh n�ay attain prioriry ovcr
<br /> this Security Instrument, Lender n�ay give I3orrower n notice identifying the 3ien. Borrower shall sutisfy the lien or take one or
<br /> morc of thc actions sct forth atx�vc within 10 days of thc givin�of noticc.
<br /> 5. �iau��d or Property Insurance. fiorrower sha11 keep tiie improvements now o�isting or hereaRer crecleci on the
<br /> Propci��, insared against luss by firc, hazards included withiia thc term "extendcd coven�ge" �+nd uny othr.r hazards,including
<br /> , Oo«I�a�r t}�xxfing, for which Lender requires insueanca This insurance s1e411 �e maintait�ed iiz the antitunts and for�he pericxls
<br /> �hat Leridcr requires.The insurancc carrier providin� the insuraixe shal� h rhosen by Borrowcr s�yl�je��� io Lei�der's aQproval
<br /> • which tihali nnt be unreusonably withheld. If Borrower fails tu maintaixi mverage described abov�, 1.ender may. at unders
<br /> option, i�htain coviceage to protect Lendcr's rights in the Propert��in accnr�iancs with par�gC�tpb 7. ' '.
<br /> .4:i5'I insur;�nce pulieies und renewals shall I�e acceptablc in?.encicr aiKl shnll includ��:� stan�tm�1 mor�g�r��cl�ause. �L�ltder
<br /> shall hxi•��e �E�e right.o hold thc policies and renewals. If I..eixler rc�{uires. Borrowr.r shnll.��nmptic;�;i�.•c io l.erxler:i�',��eccipts of
<br /> paid prena�ms and renewal notices. In the event of loss, Borrowcr si�all�ive prnmpt notl4�Yu tho rrasurance�Arrier aixl Lender.
<br /> Lendcr tnay makc proof af loss if not madc prompUy by[3orrowcr. '
<br /> Unless I.ender atxl Bc�rrower otherwise ngn�e in writing, insurance procrzds shall tx;applied lo resec�ration or repair of the
<br /> Property dan�aged, if the restoratiun or repair is econumically feasible and I�:nder's securiq�is not Iessened.If the res�oration or
<br /> rep�ir is nat ecanumically fcasible or Ixnder's secu�ity would bc Icsscn�xi,ti�c insurancc proccecls sliall bc appli�c! to the sums
<br /> secured by this Security Instrunknt. whether or not then due,with any excess paid to EiorroN�er. If Eiorrower abu�dons the
<br /> Pi�operty,or does not answer within 30 days a notice from Lender that ttu ii3sprance carrier has offeied to settle a claim, then
<br /> iender may collect the•insurance prceeeds. L.ei�d�r may use the proceed�,ct�� tepair or restore the Property or ta pxy sums
<br /> securcd by this SecuriGy:lnstru�uent,whether or not th:n due.The30-day per•i�od will bcgin when�hc noticcis given.
<br /> ' Unless Lender uiKb Borcower otherwise agrcc �n writing,any appllcanion_of proccA.�ds to primipui shall not extsnd or ,
<br /> posl�ii,�u� the due date nf the mantrly puyments r,:f�n•ed to i�rn paragra hs 1 aiul 2 or ct�a*�ge!he.xntioua»of the psyrreents. If
<br /> uncl�t���u�l5roph 11 the Property i��{cquiraf by Lender, fiorrc+�cr's rigPt to any insuranc�po'licies r,inc�proceeds resulaeaig from �
<br /> darnA$.e,t��ir,�Property prior to the a�quisition sha�1 p:►ss to[.e��ler t�the cxtent of tl�c suins,secm��r1�L�y ihis Securily lntitmnxnt �' �.�•� •
<br /> ' •. immati:i��ly prior to the acquisition. � �
<br />� - 6. Occupancy, Pre�erv�tlon,hialotenan^s srnrl prntectinn of the Proparty;Boirower'�l.�ila Ap.pllc�tion; I,easel�olds. , .,,,
<br />�, � Bortower shall occupy, establish,und usc the�,tn;�r.r•iv as Borraw•er's principal residcnce within sixtv il�iy:.after the execution of
<br /> this Set�ecity instrunxnt and shall continue to oceupy the Propeny as Burrower's princip:i!.rrsidenet fnr at Icast one y�ar after
<br /> = the datx of occupancy, unless Le�xlec otherwise u��ees in writing, which consent shall !n�t i+t unrcasonalvly withheld,or unless
<br /> extenuating circumstancc� exist w�eeeh are bc,}',�nd Bo►rower's con�rol. Basrowcr shall not dcstroy�. damagc or irnpair the
<br />.� Praperty, allow the F.'r���:eny to dcteriorate, exs s�mmit waste on thc Prop����c�•. Borrcwcr shaU be in dr.fault if any furfeiturc
<br /> c ection or proceeding,v,l�ether civil or criminafi,es�;�egun that in Lender's g��ud fauh judgnxnt couicS re�:ult in forfei�ure of the
<br /> �. Propntiy or otherwise materially impair the lien er�ted by this 5ec�arity Instrur.ient or Lender's securiay i»�erest.Borrower may
<br /> cure such a default and reinstate,as provided in paragraph 18, by causing the action or prcxeeding to tw d9smissecl wiih a ruling
<br /> t that, in l.ender's gcxxl faith detenni��ation, precludes for(citurc of thc Bnrrowcr's inter�:st in thc Pn�(zetty or otlkr material
<br /> � impairnicnt of thc licn crr,ated by this 5ecara�ty I�strumcnt or Lendcr's sccurity intcrest. Sorruwer shaSf also be in default if
<br /> Borrower, during the loan application proce.ss��cy�e materially false or i»ace�.�ra►e information ur st�r,E�tt��rrsto Lender(or failr.d
<br /> ,'z to provide L.ender with uny material informaEioa>.ia�connection with the !wm ��•idencal by the Ndee,ia�dn;"ing,but i�ot limited
<br />' • to.rcpresentetions concernmg Bc�rrower's occupanry of the PrAptrty as u pri,nc��al re3idence. If this Seca�av�:y instrument is on a
<br /> �� lea.,et��d, Bomow�er shall corr►nrpy with all thc provisiores rnff t5e, lease. if ?9�rrower :.v.,uices fee title �o the b'toperty, che
<br /> ` Ic:asehcrid:u�d the fee title shall ta�C irr,ergc unlcas Lerxlcr a��rce�i���`.i�r nr.rgzr�n w:iting•
<br /> 7.Pnotection ot Iw�nder's ttiahls!n thr Y'n�pe�ty.�f Rrnurczur fa���ti�,�rform t{�e cwc.��-aants:ud agrccn�s:c+�neained in
<br /> this Security Instrur.m.�nt, ur there is a Iegal pmxu�ding that may signifcc.i�����•affect I.e[xler's rigFte�in iti.�e Property(such as a
<br /> prcxeeciing in banJ�cuptcy, probate, for co�xferr.macion or forfeiturc or ro m���^ya.e laws or regulatinrr;�l,ttncn I.ender n�ay do and
<br /> � Pay for whatcve►•ix ncccssary to protcct the vafue of the Property und Il.cri:�er's rights in thc Pro�rty. �nder's �ctions nv3y
<br /> mcludc pxyittg any sums secured by a lien which has prionty rovcr this Sccurity instnimcnt, :ippe:� ng in conn, paying
<br /> �rmm�able uttornevs'fe�c ard e►uerine on the pronertv to n�alce rcnairs. Altliou�h L.erut�r may take action under this paragraph
<br /> r 7, Le�xier does�wt havc to do so.
<br /> Any anwunts disburseci by Lc��der uixi'cr ci�is paragraph 7 shall Guaarne xtdit',oi�al deb� of f�rrawer sccurcci by this
<br /> S�xurity Instiunxnt. Unless Borrower and Le�ai�r agrec ta othcr terms�of paym�nt, rh4�;e amounts shuli ixar intcrrst trom thc
<br /> date uf disbuncmcnt;�t thc Note mtc m►c! shall bc payuble, w•iih imcr�.�i, u�x»> noliu: irom LcnJcr to Borrower r�yucsting
<br /> payment.
<br /> 8.M1iurtgage Insurance. If l.erxler reyuireil mortgage insurattce as a cc►ndition ol`nuking the loan se,�cureci by �his Security
<br /> Ins�rument, &►rrow�cr shall pay dic premiums rcquirod to n�imain the nx►rtgagc insuraixe �n eff�ct. If,for any rwwn, ttw
<br /> mongagc insurancc covcragc roquircd by Lcndcr I;�pses or ccaxs to Ix in eftect, I3�rrowcr sh;�ll p•ry thc premiwns rcquin.�d tn
<br /> obtain s:ovcrugc substantially cquivnlcnt to thc mor!gagc insuran�c prcviously in cffcct, at a co�t substantially cyuiv�lenl to 1hG
<br /> cosi to Borruwcr of thc nwrtgagc insura�xc previously in cffcci, fruro an ultcmatc nwrtgagc insurcr approvcci by Lc�xlcr. If _
<br /> P�p�701 4 �..,,�ose ar90
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