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<br /> 9�° ic��s
<br /> Thc Funals xtall lx' hcid in un in.tiwtiun whose d.��si�s are imur�Y1 hy u fedcral agcixy. in��rumentulity, nr muty
<br /> (irM luJing t.erxkr, if I.crxfcr i�tiuch un inxtitution)ur in uny Fccltrol Hi+nk l.cian Hank. l.�ixlcr tihall apply thc t'unds tu�wy �he
<br /> CKruw Itrm�. Ltixicr nwy iwH churgc l3urrower ii�r hulJing aixf appl��i�s��tl�a Fuixls.unnuully analyting thc r�cruw ucrount,ur
<br /> vrrifylnK t9k�sku►w It�•��t�,ui�Scs. LAixicr pays Burruw�er interest un the t'unal�,and applir:thle la�v Fx rmi1�I.�:nder to make tiurli
<br /> a diurgc. H��we�r.r. I,cixler�nay rcquirc &�rruwcr u� puy u unr•limc ci�argc iisr un iixlcpcixlcnt rcal c�t:uc tux rcpc�rtii�g .trvicc
<br /> uK�c! by t.c��lnr In �omxtitiu�� with this I�wn, un1C:y� sppliraMe L•iw pruvidc� uthcrwi;c. Unlc�. a+� agrcrmrnt i, nwdc +�r
<br /> upplicuhlc luw reyuim intcre�t �o tx�'uid, i��xkr>hull iwt t+c r��yuin�l tu pay fi�urou•cr any imcn:cr r�r c:�rning�nn thr Fwxl�,
<br /> kk�rroWer wxl l.ciKicr nwy ug�r in wriiin�, tw�we��er.iha�t intcrrtit �hall !k paid on thc Fu�id�.l.c�xlcr shall give tei &��rs�wcr,
<br /> N•itfiuw� ch�r�;c.un annual wxuunting of tlx fuiuls. showing cralit+uixi d�bii, to the Tuixlti •rikf tl�c: purFxiK fur whirli c�h
<br /> Jrhit w lhc Iv�w1s�ta�mudc.'1'hc Fw�l�are plcdbal us:Ktditit�i�al�c�urity fur all sum�ucurcd hy this Srcunl��hr.trun►�rnt.
<br /> If'tlte funcls hCld by I.c:rxler rxcec�l ihe unwunts�rnUurYi to txr held hy upplicahfr.t�+w, l.�iklcr,b:.�ll ac..�xinl 1+�tki�ru�.���•
<br /> for 1he rxee±s I�unda In i+rc���dync�r wi�h the reyuireu�rntti ��f uppli��ahle law. If the unx�unt uf the FuiKis held by l.undt�r•rt any
<br /> iimt 1�iwt wffulent Iu pa��thr l;srruw Item�w�hen due. Lrixlcr maiy,a nutify T�orr�iH�er in wruing, uiKl, in�uch cax�Ei�xro�,cr
<br /> �h;�!! p:ty Co I.ender tltc anntun!ncti:rs�Kry in nu�ke up thc deFicie�x:y. E3orn�wer tihull make up Q�e Jeliciency in nu nwn: thun
<br /> iwcl�o nwnthly{u�ynxnt,,al l.cr�icr'ti xile discreliop.
<br /> 11�m puynwnt in It�U of'ull aums sa:ured by thiti Security Instnio�cnt, l,�.n�1cr shull prnmptly rel'wxl to 8oriti�wcr an�r
<br /> Fun�lh helJ h�� l.tixier. !f,wxior purugrar,h 21, L.�:ncler�hall�yui�e or kll thc P�opchy,la:ixicr,priur to the xquisition or wle
<br /> of the Pmpeny,chyll upply an��I�uncls hetd by L.eixier ut the an�of acquisition or��de;is u credit uguinst tlfe sumc sccurcd by
<br /> this Sci:uriq�(ns�runxnt.
<br /> 3.Appll�.�llni�nf 1'aymentF. Unlrss applicuble Inw provide:s otherwiu:,all�uyu�er.tts r.��ti:ivrtrJ:liyr I�:nder uixler ps�ragryphs
<br /> I ��xi 2 sh�ll he appliecl: fir�t, to ainy prepuynxnt ei►urges due uixler the Nc�te; cea.rcn.l',us aarrrwni:4 I?a:Yuble u��rr paragrnph 2:
<br /> th.i.rcl,t��iaicres�duc;fou�ih,lo pr.incipul due:and lust,cQ a�.�y late charbes d�u:utn.4�:r.tfee l�inte. ,
<br /> 4.C'fur�h; t.ir+ms,Fk�r.r.�wr.r shall pay all taxes,as�,cssi.iunts.rhargrs. tincs an�c�i.in�osifirois a!r.r�bat��h[e ta 1J1e PmpenY
<br /> c_.. ...,.�. t,.,�i,�t.9 •avnea�v.. �,r aqx�itil raut�.. if:,m�. E3ur.r.vwcc shull Pav
<br /> NI.tL�lt ttG)'JrC:1Ut �.1LLlrf.l.i,Y tlw4-�.Uii.i .n�ilTlt�i {115iiu:7::;:�+'. ..... �-�"...... .
<br /> tf��:ti��h{ic�ticicu u.t.tM:rpaAU�r:r.�1rc*vidal in paragr,iph 2.4�r.il:�r.cu�r;�i�!ni:T r,[r•:.��rx,�i.tr.t��.�liu�r��wc�sL;aU.�:r:�} them un timr,dircctly
<br /> r.0 r.tec�r.�Hi c�wec.t p;►vuxnt, f3orrwwcr Jtal't prrnnplly furniste ta LcuJ�:au;;1L�r,Tr,+ti�es of anx>un¢s cR�nc��a�d undcr�his paru�r�ph,
<br /> (f&�rcower makes theus paym�.�+nts elire�:t[�•.Born�w�r shall prumptiy ii�rrr.��•,�;;t�Leix'4r e��ceipts ctiia�^.n:;r�iug the payments.
<br /> Borrc�w�er shall prom}xIy�tixfn•rrge any lien which h:;u prionty over tt�9s 5ecuracp•Tl�t�trun�;��;�.a��ss Borcower: (a)agrees in
<br /> w•riting to�he paynxnt uf thc wP�Ci:,�:�lion scrural b�-tl�e[i�n in •r mamier acceptabte 1�,� �2�r�adler; �bD<<i���tests in good faith thc lien
<br /> by, or Jefends against enfome�.nrant of the lien in, le�al proceedings which in th�. d:�3Klec's�r;�ia.iQn opera►e to prc��ent tht
<br /> enforcemcnt of the lien; or(c)seCUres frottt ihe Imldcr uf d�c lien un agreement satisfactory ta�6r.•a���r auburdivating thc lien to
<br /> this Security instrunKnt. If[.ender d�ternunes thut uny part af the Property is subject to u lien•e+':�::h may attain priority over
<br /> ihis Security Iourunxnt, I.cnder may�,i���Bc�rco�►�cr a nut�cc identifyinb the lien. Borrowcr shall ..z:�isfy the lien or take orx:or
<br /> more of thc xtions set fonh aFxivc within 10 dayx ol�the r�eaing of naice.
<br /> 5, tluard or Propecly Insurance. Borrow-er shal.l k�ep the improvemcnts now existing or hereaRer erectal on the
<br /> Propeny insural against loss by fire, ha•rards included �ti•ithin the teran "extended coverabe" and any other harards, incluciing
<br /> 8o«is ur fl�ding, for which Lender requires insurance. Thi, insuraar•n;*hall be maintained in the am�uttts and for 1ht pe�iods
<br /> rhAc I.e�xier ra.�uins. The insurance caRier providing the insurane�sCa:�,C4 t►e chosr.n by Br�rrox�er subject to L.er►der's approval
<br /> which shull nut t►e unrcasonably withbeld. if Borcower I�AIIS [0 IllaI113;i�m coveraac describocl ubove, L.ender may. ai Ix�wci'+ .
<br /> option,obtain caverege to protaK Lencier's rlghts i��th�A''�yy�eny in xeordanc�wi9F.17:►ragraph 7.
<br /> All insuronce pul�cies arNi renewals shall be:icc�i}��:cai'�fe to Lender and sh�lt'i��,�r;rude a �iandarvJ nwrtgage clau�e. Lender
<br /> shull have the right to hold the policics and!ti�coc�wals.Gfc t.::nc3er requires,8orrowcr'y9�r,i'I promptly give to l.ender nll rooeipts of
<br /> puid premiums urod renewal rwtices.In the�c�•��it of 1oss,��nrtower shall give prompt notice to�hr. insu��ance rarrier and�I:epder.
<br /> G.e�xler muy makc proof uf losc if not n�fa prorr�ptly hy Aorrowcr. • �
<br /> L'lnless C.ender anci Borrower othcrwise agree in writing, insura�x:e pr�xe��is shal�be appli��t��restoration atr�pair of the
<br /> praperty danu�god.if the rcuoratiun or repair is ecorx�mically featiihle and[.endei s s�:ca,sity is m>[lesstnod. if t�tc�.Pntoraeion or
<br /> repa�r is �wt exvnomicully fe:t�ible or L�:nJ��'',s�.�cwity would 6e Irssenrxl, 4he i1>y'e,r�in�: pruaeds sltsll be appheil Iti�the sum�
<br /> securod by this Securiry In.�trument, whether or not then due, with :��T�r;e,x4���;psei7.tu Sorrower. If Borrowei it�(nduns lhC
<br /> prc�perty, or does �wt answ�er within 30 days a notice from Irendcr th;r,a e1r,:?ini;lrran�e carrier has offered to scttle a claim, tt�sr;;;.
<br /> l.ender may collex� the insurance procoeds. Lender may use Ihe pr��ti.�•a_?5!o-;a�r�,�{ir or reseorc the Pnoperty or to pay su.+�rs: �,,;.
<br /> sccurod by this Security Instrument,whcthcr o► not then due. Tlte 30-�Iay peri4w;w��1:FxBen whcn th'e nWice is given. - ,• ,�l�••
<br /> Unless Lender and Borrower otherwise agree in writing, any s�pplication��oP proceods to principal shall not exterd ot'
<br /> pni�t�ne thc due d+►ce of the monthly paynxnts rclerrcJ to in paragraphs 1 aixl"� ¢�k cha�ige the a�iwunt of the payments. If
<br /> under puragraph 21 the Propeny is acquire<i by Lcnder, Boirower's right tn any i�isws:uxe policies and proceods resulting frcm
<br /> - damage to the Property prior to the acquisiNon shall pass to Lencier to the extent of the sums secural by this Security lnstrument
<br /> immodiYtely prior to the acquisition. '
<br /> - b.f.lavp�acy,Prexrratbn,Malntrnance and Prc►tection ot the Property;Borrower's l.oan Appliation;I.easeholds.
<br /> Bc�rrower shall occupy,establish, and use the Property?s�lorrower's principal rcsiden:e within sixry days after dR execution of
<br /> this Security lnstrument aixl shall continue to occupy the Propeny ac Borrower's principal residence for at least one ye�r'YRer
<br /> ' the date of occupar�cy, unless Ltnder othervvi�e agrces+n writing, which consent shall not be unreasunably wi2hheld, or unless
<br /> extenuat�ng circumsta.nces exist which are beyotxl Botrower's amtrol, Borrower shall not destroy, damsge or im�ir the
<br /> � property�allo�v 't�he Propecty to deterion►te, or commit waste orn the Propeny. Forrower shall be in defsult if any forFeiturc
<br /> action or prcxeeding, W�hether civil or criminal, is txgun that in L.ender's good faith judgment could result in forfeiwre of the
<br /> f propeny or otherwise�naterially impair the lien crcatal by this Se.�curitv Ins�rumcnt or Lerxier's security interest. Borrower may
<br /> � •:::iaYe such a det�ult and reinstatr.,us provided in paraReaph 1�,by causing the action or proceeding to be dismisud with a ruling
<br /> F e:i�i:i�. in L.ender's good fuith determinution, precludes forfeitw�e of the E3�rrower's intenst in thc Property or cxher nwteriaf
<br /> 'vrar�Air.nem•�.�f the licn created by this Sccurity instrument or I..axfer's sacurity intemt. Borrower shall also be in defuult if
<br />-� $�rrower,zJ�t.,r�g the loan upplicutio�t�rc�ess,gave materiully false or itu�curate infortnution or siatements ta Let►dar(�r fiilai
<br />_. � •:to,provide�11e,��er with any muterial iaturnwtion)in connection with the loan evideix�ed by the Note, including,but not limitad
<br /> ��t � ' ���o;'ptpresentations concern��rg Borrower's a:cupancy c�f. the Pro�►eny as a princip�Q PcsiJence•'!f thid Sectirily Instrumcnt is nn g
<br /> ]cal�hold, Borrowcr shaER �mpiy with all thc pre�v2.ocins of the Ie;isc. )t B.Ti;�i»:��r acquircs f�r, tide to ahc P�operty, the
<br /> , ��es�:tchold and Ihc fce ti�le s[tall not merge unlcss Letxter.�}�fCt'S l0 lI1C t11CPQCP liT Qhi(II lll_L'. ' �
<br /> � ' � 7. Protection o[Lendtr's Ri�1Ms i�n the Property.if Borcouer f�ails tc�p�cCu;r,cn��%�covcnants and agreecr.k�r�cs ornrrt:incvt�l,�n
<br /> ��+ •t�eis Sccurity Inserument, or them is a� tc;:!,f.procecdiag that tna5, si�n�iE�caaec[y aUl'�rr.,•Rr:ndr.r s ril�F;�S 111 1hC.F�C�jt�CJ;y, 4:�1i.�'�� c�� x ,
<br />=;� `, . •, �ry,t�ceecling n�.bankruptcy,probat�,fo�r c�nn3i:m��ti,un�ar forfeitucc�:u•x ra enfoce�e i�µ`s.pr re.x�iGx�tii�n!,},:i�C.r.t�!?�?r+,u�b�?klo zrn�l .
<br /> � ;�r�r for whatever is nec�s;rLy ta pr�tan.�:«�tn�v;►luk:��af;.ifi�rr.Pmperty,{nd I.ender'�r irot'.^sa in r..[A�'�a:��*tirn*.. Il.dt;it�rtl�r's awt'�.��o r'�)Y
<br /> .. ' a�:tciudc paying any surrns. sc.�curGd by a lien Kirix:li]ti;ss priority over this Sc.�.�ai��s;�: �nstrument; stpp�ui-�s:,;. �ia�wurt, paying
<br /> w,��cnnahl�attnmcvc' fcrs ar�eiu¢rit�on thc 4'rorsr:�;i<'L�a malte rcuairs.Althou�h Y.erider may takc action uiwfier eliis para$niph
<br /> � 7. Lendcr does not have ta dc�s�3.
<br /> Any amounts disbars+c�f 6;y� I',crrcit:r undcr this paragr:�ph 7 shall bccomc additional dcbt uf Borruwcr sccurcd by this
<br /> • Security Instrument. UnPe�y 13oaw'c»tut aiid Lender •rgrec to �ther len�is of paynxnt, thcsc a��x�unts shall bcar intcrcst from the
<br /> datc of disburscmcnt aF �1�� Hote rate a�xl shall be payable, with interest, upon notice from Lendcr tu 8orrawcr rcquesting
<br /> I�Yment.
<br /> S. Mortgage Itisurance.If Lender mquirecl nwrtgage insurunce�s a condition at'making the lo•rn securccl by this Security
<br /> Instrument, Eorrower shall pay the prcmiums reyuireci t� n�aint�in the mc>rt�age insuraixe in effect. If, for any rcu�on, the
<br /> mc�rtgagc insurancc coverage rcquirccl by Lcrxier lapses ur ceasts to bc in cffect, &�rruwer shall p:+y thc prcmiums rcquirod to
<br /> obtain covcrage substaistially equivalcnt to the mortgage insurancc prcviously in cl'fcct, ;u:�cost substantially eyuivalrnt to thc
<br /> cost to 8orrower of the mongagc insurar�c previuusly in effect, f'rom an altcrnate nwrtgugc insurer appruved by Ixncicr. If
<br /> � vay�z oi� fonn 302� Yf80
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