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<br /> 'Che �urxls shall he hcld in an insticu�ian whok �depoxits urt in.ured by u fedcral agcix)�. �1,1�rumcntality, or
<br /> (Antluding Leneler,if I.eixler i� such an institution)or in uny Faleral Finme l.oan Hank. l.e�xicr shull appl��the Fu►xls to pu��►he
<br /> Eu:ruw Ilems. l.eixler may�x�t charbe Borrower fur xiolding and applying Ihe Funds.+ntnut�lly aTialyr.ing the escmw aceount,or
<br /> vecifying the�urow Items,unless Leixler pays&�rrnw•er interest on the Funds and upF�lical�la law permits l.ender ta nukc such
<br /> a churge. Huwever, [�cndcr muy reyuirc Fiorrower to pay a one-tfnx churge far un incicpe�xlent real cstate tax reporti�ig scrvicc
<br /> useet by Le►x1�r in r.onn�ction with this loan, unless nppli�ahle law ���etivides uthcrwiu:• Unlcss un ug�eeiti�ent is mudc or
<br /> �pplicable faw reyuires interest to be paid, I.eixier sh:�ll not be reyuircd h►pay f?orrowcr any in�crest or earnings on the FwKls,
<br /> Borrower anJ Lcrxiec may agree in writing,however,ihut interest shull tx�putd c�n the Funds, I.ender shxll give«� &�rruN•ar,
<br /> with�wt charge, +m annuul uccuunting of the Funds. showing credits aiul debits to the Funds �rxl the purpo� for v+hici� each
<br /> debit to the Futxls was nuule.The Fwxls are plcxigecl as r�iditiunui security fur ull sums sccurcd by lhis Secur;ty lnstrument. -
<br /> If�he Fwxls hold by I-ender cxccai the unx�untti perniiltni to bc held by applicatle law,Ixixler shall account ta Ilormwcr
<br /> for thc�xccss Funds in uccordance with thc rcquirc�t►ents ui'applicable law. If the unxwnt of thc Funds held by l.erKlcr at uny
<br /> time is not sufficient to puy the Esemw ltems when due,I.,eixfer may w notify 6orr��wcr in writing, and, in such case Borrower —
<br /> sh�ill pa)'to I.ender the anwunt necessary to mukc up the dcficie�xy. [iorrower shall n�akc up the dcficic�x:y in no nare than
<br /> twelva rnunthly paynxnts, at L.ender's sole ciiscretion.
<br /> Upnn payment in full of all sums stcut�,v1 by this Security Instrunxnt, I.ender shsU pramptly retimd to flnrrnwer any
<br /> of�t�tdie Pm}�C jl.et�►dall applyn y FunclstthrtK!by i,e�ixJer acare t.une of sicquisiti nror snle as a�crai'Fit ngniist�lie umstucured by
<br /> this Sccurity lnsixumeni.
<br /> 3,A,�l'icaCaon of i'Aymenls. Unless ay��l.i.cabl.�law hrowi.d:es o�I.ler.v+i��:,alf p�.y�in,ents received by l.ender under parngrnphs
<br /> t an�J:2 sha[L Fae applieci: first, to any prepaymenc charg�due and�r cl,�Nd:e; seco��cl:, to amounts puyable under parngrnph 2;
<br /> t6.ircl.�to i.ntere.t due;fourth,to principal duc;and{asc.tcn a�iy late charges d.ue u�xler r,[�e Notc.
<br /> .. r..._...,. r�...� W.�rnu•t!� chall ;�av all taxes,a5s�:ssments, ctiarges, fines azxt impositians attributablc to the Property
<br /> A��1.M5��1�{j�J� �+.r.w�. r.. _.
<br /> :�.�I�.ic1.T i.na, acl:2tn priarity nvcr this Secucily lnstn�c�ent., and leasehc�[�f�ay�4�ents or gztiwnd rencs. ii uny. &���uwe�sha �,s;�
<br /> [G,ese obli:gati.cnns in the nwnner providal in paragra�h 2, or if nnt paicD i�i r.t►at n�aneAer,i3�rrrower.sf2�11 puy them on ti���•:r'
<br /> t�the person o��ved payment. Borcower shall pmmpxly fuae�ish to l.encie►•a�t�xxices of umounts ko P�c paid u►rder this sr ra ft.-
<br /> If l3orrower makes these puyments dircctly,Aotrower sha�9 promptly ti►rnish ta l.erKtc:}`rteceipts evidenc�ng the paymenrc. � � ,•. _;
<br /> Borrower si�all promptly discharge any lien which tnas pnoruy ovcr this Secueatty 'In:�rument unless E3�rrower, (.1�Rgt'CCS L12 � : _
<br /> writing to the payment of the abligation scrured by the lien in a manner acceptabic�tt�"l.ur�ier:(b)c�ntests in good fai�h the�i4n;.', ',- �i:'—
<br /> by, or defencis against enforcement of the lien in, legal proceaiin�s�Lhioh in the I.encicr's rpin�n�n operat� to prevent tlh�e
<br /> enfoecement of the lien:or(c)Saures franr'��:.holder of the lien air,;greement satisfactory to �.eniler subordinating lhe lien�(!,r
<br /> this Securiry Instrument. lf l..ender deterniit�es chn�.�an,r•�,trt of the�'JOpecty is subjxt to a lien which may attain priority ovo� �.,
<br /> this Securiry Instrurn�nt, i.ender may give Eiui7•a��•tu��i arati,e.identi��rin� ifie lien. Borrower shall satisfy the lisn or take onc ol•
<br /> more of the uctions set forth above within 10 da�s a;+fr',`�he �;i��ir�g of no�:5�.
<br /> � S. �� or propenty InsurAnce, Bcarrtow���whall.keep t�z•ini�rovements now existing or hercafter erected on the
<br /> � Property insurod against loss by fin, hazar¢.5.}��uded �e'ithin thC tC�'rn txtended coverage" and any other hazards,including
<br /> � tt���s ilmrljno; fnr which L.ender re4uis'o��a�.suraeCC. 1'his insurulizc-.sha11 be maintained in the amounts and for thc{xriod�
<br /> '� that Lender requires.The insarance canier�*r�viiiin�ihe insurance si�i be ciiosan by Sorrowcr�uojra:t io f.ti��er's a�;p:.:.ay
<br /> which shall not be unrcasonably withheld. li gorrowe�s L�i�s to maintuin covernge described above, L.ender nwy, nt L.endcr's
<br /> option,abtain coverage to protect Lcnder's rigl�ts in tt�e}'ropercy in accordance with paragraph 7.
<br /> All insurance policies and ronewals�$jipll be acceptable to Lender and shall include a standard mortgage clause. I.endsr
<br /> shull have the.�i,ht to hold the policies anc!•r�enewals.lf Lender requnr�es:�orrower shall pcomg�ly glve ta Lender all n:ceipts fn.f
<br />,.; paid�remiumti'mid renewal notices.in tlet+eti�ent of loss, Dormwer s[,`:P]:give prompt notice to�he unsurance carrier and Lenrlc,r: ':•
<br /> � I..endtr may nialce proof of loss if not made promptly by 8orrower. . �•
<br /> .� ' ' • Unless Lerder u►d Borrc:�rer ot�._eL�sc agree in writing, insaratii�;r pra'.eeds shall be appliod to rcstoration or repair of tt;�.;,;'
<br /> ',�'r�operty damaged, �f the restorAtion or reprir is eco�wmically fe�sible und Ixnder's sacurity is►wt Icsserxd. If tha Kstoration or •
<br /> re�air is not oconomical�y feasible or I.encler's security would bc Icsstnod, the insurance prooeeds shal�be eP[���ai to thc sums'
<br /> sxut+ed by this Security Instniment, whether or rxu then due, with:a�.y excess paid to Borrower, lf Bornower abe�xlons the��� .
<br /> Propetty.or dacs not answcr within 30 days a nocicc from Ixnder cP��a'�ahe insurana carrie�has offered to setde a claim,t4edn'. �'
<br /> Lend�r rru�y rnllect the insunmce proceeds. Lender may use the pre;aeds to repair or restoro tbc�Ptoperty or to pay w�s,.;;�'
<br /> securcd by this S�curity Instrument,whether or not then due.The 30-day period will be8in when the notice is givrn. ''
<br /> Unless [.ender and Borrower otherwise agree in writing, a�y application af procads tu principal shall not extend or
<br /> postpone the due date of the monthly payments refcrrod to in puagraphs 1 and 2 or change the amount of the pnymen45. If
<br /> ' under pwragraph 21 the Pruperty is acquired by Lender. Borruwer's right to any insuranee policies w►d proceeds resulting irnm
<br /> '� dunage to the Property prior to the acqwsition shall p�ss ta Lender to the extent of the soms securcd by tbis Socurity Instru�t
<br /> F inunediAtely prior to the xquisition. ` �
<br /> �.� ti.OccupRncy.Pr�servalioa, Maintenance rnd Protectbu of tMe Propaty;Ibrrower's Lo�n Appliation; I.e�se6ot�a1,�.
<br /> - Borrower sl►sU occupy,estahlish, and use the Property as Borrower's principal residence wichin sixty days aRer the eaecutiun uf
<br /> �-� this Security [nstxument and shall cbntinue to occupy Ifie Property as Borrower's principal residena for at least one yr,ar�fter
<br /> the date of occupancy, unless Lerxler otherwise egras nn writing,which con.unt shall not be unrrasonably withheld,a�uqlt�
<br /> � exter.uating cireumstanccs exist which ;nrc beyoiad Borrower's control. Borrower shall not destroy, damage or imp�i:F���`.1e
<br /> Propeny, allow the Praperty to c�eteri���:��c. or cummit waste on the Property. Bomower shall be in default if any forf,r,,:�:�:•,•�
<br /> j '..ntlion or proccedin8, whci�<<a.Sivil or Citiminal,is txgun that in Lender's gooci faith judgmrnt could result in fotfeiturt u�!j 1r'n�
<br /> n �iPri�erty or otherwise mater���liy smpair�he lien creatai by this Security Instrument or Lender's security interest.Borrower may
<br /> � � eure such a default and cejns�cnte,as ptavidai in paragraph 18, by causing the xtion or proceeding to be dismi�sed with a niling
<br />:�'��,'�• ' �ihnt, in Lendcr's gaxi faili� aiet�•rri�?iz�ti�c�r, precludes forfeiture of the Borrowcr's interost in the Property or other material
<br />.;�>>.
<br />::�.;;•. :•' . :impairment of the lien cre�'taxl t�;y; 11c�s Security Instrurnent or Lencfer's securiiy intero.a. Borrower shall also t►e in de eu t �
<br /> •;'? ,`, .iEtcirrower,during the laan:�jp�9ic��siut��r��4�s,gave materially false a�z inaccurate infom�ation ar statements to Lender(or f�iled
<br /> • �o��rovide Lenda with anp :cnmcxdal itit�o�mation) im m�nection wi�h"the loan evidenced by the Note, including,but nut limit�xl
<br /> . tc,,�epresentations concer��i�n�Fx���rrower's occupancy of the Prapeny as a principul�rsidence. lf this Se.."urity Lnstrument is on a
<br /> �i 1rA3ehold, l�os[ower shal'�;c:�mply wlth all the prnvisions nf the t�use. !f Borrowcr ucquires fce tide to at�^ 1Propc:rty, thc
<br /> leaschold acr�fi•��h.r.fix tide sn�i9�nus n�ec�e i:.n,less l.c:nder agre,�es to ai�r,c��-n�r,Acr in writing,
<br /> � 7.f'ra�t�c.t�;;w�of Lender's Righds ln�t;he Property.lf 8o�ruu,:e�r��zil�to perforn�thc cnve�4rr�:�:u�d agrce�er.ais n�aauaiincd i�� .
<br /> this Security Ynstrunx.nt, or thtre is a 3agai proc;eecling thec�map�•sir��n;�t"�,;untly affect Lender's r,i�;;ta�s in the Pr�exzy Q'�•r,ch�� a
<br /> • pr�ceeding in bankruptr;p•, probate,for condemnation�r fo1�6'�i�;Urr t�r ta r�eforr��aws or negulations), ihe�6�e:rxt�r ms.�'�t10 E;ncJ � �
<br /> pay for whatever is necea•sary to protect the value of uhe Pr�r�rlv aind T.es�sa'a rit;hts in the Property. 1Lcxw�kc'y xty4+n,'.xr�q
<br /> . :__�...... ......:.... o.,,, ���.,,� .rcurorl hv a lien which tdas D��d�h •��er �his 5ecur:��gr [nstrument, uppearing c:t court, paying
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<br /> reason:►ble attorneys' fccs and rntcring on the Propert�r to make re�ai•r�. Although l.encler may taKe acuon urwer�n�s pa�g�a��
<br /> 7, Lcndcr docs not havc to do so.
<br /> Any anxwnts disburscd by Lcixler urxler shis�arugraph 7 sl�all bccome additional debt of Borrowcr sccuroc! by this
<br /> Securiry Instrument. llr.z[ess Bomower and C.eixtev agrec to othcr ternis of paymcnt, thcsc amounts shall bcar intcrcst from the
<br /> dat� of disburscmcnt at the Note rate and shall Px;payable, with interest, upon notice from Lender ta Uur►x�wer rc�uesting
<br /> paymcnt.
<br /> g„1►iawtg,s�e Insurance.If Lender a�uiral nwrtgugo insurance as a conciicion uf making the loan secural by this Sccurity
<br /> lastnr�.nc, k'kmcra•ac shall pay thc premiums rcquired to maintain thc mortgage insarar►ce m eFfcct. If, for uny rcasun, the
<br />_ rnortgage ins�ran�ce cav��rage rcquired by L.encler lapse�or ceases to be in effect, Borrower shall pay the prtmiums reyuired to
<br /> obtain cover�ge su6ytdttiially eq�riv�tlent ro the nx.�rtguge insur:uxe previously in effect, at u cust substantially equi��alent to the
<br /> rost to Borrowcr of tfte mongage insur:uicc previously in cffcct, from an alternate mongagc insm�er approvcci by Lc�xler. If
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