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<br /> v ' .. The Ewtds sha11 be 6etd in an institution wh�se de�osiFs aie insured by a federal ag�y. t�en . or entiry
<br /> . � �� (incla�iing Lertder.if ixnder is$uch�t:�p.�titu,tf�lnl or in any Federul Hame Loan Bank.L.ende�r shall apply the Funcfs to pay the
<br /> ,.. , Essnaw Items.I.eader may ttot �a��er,�ar holdiag and aDP�Y�nS�Funds.�nc�ally anatyring the escnsw�ccount.or '''�;,:-
<br /> ' verifying the Hsaro�v Items.uhies���pay��omaw�t intezest on the Fuads aAd agpli�tble law permits Lender to m�ke such
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<br /> �'','�:�•: ;��' a charge.However.lxader a�ay.req�te Borrocver to pay a one-time charge for an independent rrat estate taa�rtfna service ��":
<br /> used by Len�er in oarmectiolt with d�is loan. unless apptirabte taa provides othernise. Unl�s ast agrePment is made or �.: •
<br /> '� ••�` applicahte law�equires interest to be paid.Leader sh311 aot be required to pay Bonrower aTry inter�!or eanvngs on the Funds. �,
<br /> - .�`'S: Botrowec aad l�ender.may sgree in�vritm�.hot+rever.that interast sha11 be paid on the Fnnds. LQIIdEi SQ�1I)g1VE t0 BOTIOWCC. �`?�_'
<br /> wIthout charge.an atmua!•accaunting of the Fu�ais. sllowing cnedits and debits to the Fuads agd the ptupose for which ea� �:>w..
<br /> .���`.:• ....�_ debit w thc FunsLs was made.'Phe Funds are pledgcd'as additional searrity for atl sums secured b}this SecuritY Urstn�saent- �:,:W.:
<br /> --�•—.<.�: If the Fu�s i�1d hy lRnder eaceed il�e amounu pennitted tv be hetd by applic�Ie iaw.Ix�der shaE#acxount ta Horrower �_r�
<br /> ° �� for the excess Funds ia acenrdance with therequiremenu of appllcab�e laar. If the araount of the Funds held by I.esdar at ar�y "`,
<br /> ' `� :#s
<br /> "'t:� time is not sui'�cient to pay the Fscsfow It�s�ad+nn.due,Lender may so notify Borrower in wriring,and,in such case Borrower , � . `•�
<br /> _._-� shail pay tn�ndcr t�e aino�nt necessary ta ma��a�p the deficiency. Borrower sl�all matce up tQe deficiency in�to mole than _ '.:
<br /> `_ ..- �3 twelve�onthty paymeats.at Lender's so2e discretio�;� �;'-�•°��:
<br /> - - �`:'� Upan payment in full of all sums sacaree!hy��ihis Se¢urity Instrumeni, Lender shali prompdy refand W Eorc�ower suy �:-"-
<br /> - ��t'`V"` �! Funds hetd by Leadcr.If.under pazagra�b ZI.I�eac�aa shall acquire or sei!the Property.Lentier.grior ta the acquisiuon or sate :. �°�;_-
<br /> .�`� � � of the Fm�erty,sha11:agply ar►y Fnnds held by LOf��er at t6e[ime of acqoisition or sate as a credt against the sums secvned b ' � �e-+�-
<br /> '° `: �$����• .,.,.. .. . y•�: t `f�u� �-
<br /> 5 ` .�;`.���'��- `'�'�-��.aPP�i�e!aw provt�es atherwi�,t���y��'�ec=by�r uuder ' ��
<br /> ,t�• ��'t. � ,s� ���`� ` t�. di7r.'�;7(n�'�'�tl6stsr9aocG��r. ���.�itsg'�.�7•�`i'`dt��+. �'����G�� �= -
<br /> f . 4r . �.'�tc �'.z.. ;P��.�'�.-.����'"� � ,. . '__-
<br /> 5 � , r� � � 'tr,13x�;JSa�r�.,�dltw..,�.�npac�tifit�s:�tnf��'i�.�i���'��:�d�s�id�:,rrs�r-rthe'tiote. ..- _
<br /> �es;Liens.Barrawer sba[i jpay sli.�e�.as�sim-,rs,charges,fines and impositions attgibutable to tFie Property [�`
<br /> � F�- w�sidi may attain priority over this Security T�strumen4.and teasehold payments or ground rents.if any. Borrower sha11 pay
<br /> . .°r . these obligations in the manner pmvided in paragraPh 2.or if aot paid in that mannec.Borrower shull pay them on time directiy �_, '_
<br />`.�� '. �� to the person uwed paymem.Borruwer shaU pror�pdy fumish to Lender all norices of aipnunts to be paid andet this paragraph. �i:"
<br /> ":�` ��.'`�'0-`� If Borrowet malces chese paymentsdirectly.Barrower shall prom�dy furnish to Lender receipts evidencing the payments. —.--
<br /> ` ; .`���:T Borrower si�}!pmmpdy discharge any isen which h�s prionty over this Security Insttument uNess Bnrco�ver:(a)agrces in �`_-;_
<br /> - �* `� `� wridng to the paytnent of the ol�l3gution secured by the lien in a manner acceptabte to Lxnder.(b1�ntests in good faith the lien ::�
<br /> ` •!E by, or defends against enfnn�emeni of the lien in. lc�al pn�ceedings �vhfch in thc LcnQcr s opiniun operate to prevent the �''�'°-=
<br /> - � enfar+ecmcns of the licn;at(c)sc��sres fron►the hold�er of the lien an agrecrticnt F�tisfa�tury to[.ender su6or+dinating thc licn to ¢�� •�-
<br /> �� l.�:±;�;� this Secudty Instrument. If(.enBer dMermines that any part uf the PropeRy�s sub'ect tn a lien which tnay attain pnutity over �:r_ �.^
<br /> r'�'.; : this 5ecurity instcu�ont.t,eadCr may give Borrower a not�ce identifyin�the lien.�ormwer shali satisPy the liea��r tukr e+ne or
<br /> � �. more oF the artlnn�>;rt CortR aix>vc within IQ days of the giving oP nutic�.
<br /> �'��°`� S. !�:¢M u�Fpp�erly [nsurnure. Bonower shall keep the improvemcnts nuw eslsting or hercafter cm.cted on the �d'"i
<br /> .� .._.�. • " property i�tsurcd•aguiart los!►by Pcn3.da�stcds includcd within tkc tertn °e�tendeA c�ver�e"and any n�her ha7ards. ineluding �:�:�'-:
<br /> ��!£" fluods or floodi�p.Por which Lsndcr requt�+rs irnurance.This insurance shall be maintained in the amounts und far the periaQs e""�--
<br /> _ ;�,, ,: that Lender requires.The insurr�nce carrter�pravidiog the insurance shall be chose�r by Borrower subject to Lender's approval . _.
<br /> ' " �:' � �,. which sAall.nnL�be unrensonably withheld..If�ilasmwer fails to maintain coverage described above. Lcndcr may.at l.ender's E��
<br /> . .-;� � oprion.obuua coveraga to protect Leader:s rigGxs���tbe Property in accor dance w it h paragraph 7. _�
<br /> � • � . • � �`;` Aft tn.gurance poltcies and r�newats"s�ial�ib��etxrrgtabts to Lender and shall inclnde a standard mortgage ctause. lrnder -
<br /> ,': .�,.; �.; shalE have the dght to hold the policies w1d re»sivalk.lfsl�en�er requires.Borrower shall promptty give to i.ender all receipts of
<br /> . �'` paid��'emiums and renewal notices.ln the eveaf,of�lass,Butrawer shall give prompt nodce to the insurance carrier and Lender.
<br /> "� .• � " :: Ixndet m.1y make proof of luss if nos madC prompt{�,by.Borro�ver. � . ��----
<br /> � ' � •-.<�`s •' tJntess l�ender aad Borrowcr othenvise agree tn.wnnng,insarance proceeds shall be applied to restoration or repair of the
<br /> `_r:.;��:
<br /> "`'•:J� praq�ert��Sal;if the restoration or•re�,zir is ecenomicsl►y.feasible and Lender's security is nnt tessened.If the resmration or
<br /> :{,+ rep�is:i�nlot economically feespble or;L�ender's security wauld tre lessened.the insurance procads shall be applied ta the sums -_.
<br /> •. e s
<br /> ;. seciaa�f?16•y.this Sectuity.instivmeuc;anc�ther.or nut tfien due, cvith any eacess paid to Borrower. If Borrower a6a�locic the
<br /> � x���is1 s .} Pcag�4:c,��.`�s does nai rtaswer.withan.�ula e ai notice from Lender that the inswance carrier has offered to settte a cEaim.then �=- -
<br /> �<< , Ler�d�r�may.�ul�tc d'se in�ua�e�;�tem3er may use the proceeds to re�air or restore the Property or tu pay.sums _ �. -
<br /> `�,���,�'.' �{ti � s�r�by���:,�n�ut%ment,.wltett►rr�or��tden d�e.The 3Q�day p�iad will 6egin when the aozir.�is giyen. e
<br /> ' :,r��,,�'.. ., ..:.;`: ' � � Unte"ss Lcrt4ps�:tt�d.�orrQwc�;;�therwise ag�: in a�ritir.�. any appl�ca6on of praceeds to principaY sh$ll not extend�or • _.
<br /> ;�.,•r>�,4t. .. . �',; ost, � Par?S� g. . ��
<br /> � ;;, �. ' p Q.n�the dae,ti,�it:o1E th¢•�m�Y P�Yments referrec!t� ir, hs 1 and Z or chaa e the amount of tae ents. If tl
<br /> .��..a�;: ` un;��r.�taB�P.�}��t.jJ��FR�^is,2ieqttired by I,encler.Ba�caa�cci's nght to any insurance pol�c�es and proceeds��:,.c.�g from
<br /> . ., �¢o"the i?G, ptton�tA,Sh�ucqwsition shall pass to G,::.��to the extent of the sums secured by th�s Securiry 1LTMsuument �
<br /> . r, i�iately prio*' ���¢2u;q4iai�4n. • . ,
<br /> ��,;�,;•�` �.�Jec,upamcy;prcq : �,Muintenance and Pcatection of the Propertyi Bonower's Loan Applicatioa;Leaseholds. , ..� , --
<br /> `` , ' _;.S • gnanu�:z shall occupy.:es��and.use the Property as Boixower's�rincipal residence within sucty Qays after We execution of ' -_-
<br /> �•-�. thi��a,r.nty Insm�ment an¢��b�lliabatinue to occupy the Prup=cty as Borrower's principal residence for at least o:�yeaz after - '
<br /> �� ' • $� ti:q��,;w�sf•occupancy,unitts,s L•e��ts,othenyise agrees in w�tting,which�nsent shall not be unrrasanably withhelu,.ar unIesy ' __._.
<br /> '. �. �,�;� . cace::�zsing•ciraur�stances exitt�•w'h�eh�aro b�yond Borrower`s control. Borrower shall not desvoy. damage or :�npair the., —
<br /> _ :.,'-.: . . �,�.. --
<br /> , „ �;;� Praaerty,aliow tt�Aroperty,ta.deteriorate..or commit wa5te on the Properry. Borrower shall be in default if any forfeitur¢;.� :: --.
<br /> • ' � �;"� • action or praceecfin�,whe�r civ�l or ctimis�al.is begun that 9n Lender s good faith judgment wuld result in forfeiture of th� _
<br /> e
<br /> ,�`�� . �" � Pca�.or oWena�ae materi2ilg impair the lie»created by this Security lnstnuuent or I,.ender's secvrirty irrterest. Born�wer m�y•:` '� ______
<br /> .'r;.1.'. „' .. _---
<br /> ,.,, `•r;;� cure.�!'cb a default and reinstat�x�.provided in paragraph l9,by causing the action or g�xeeding to be dismissed w;�i a�r�:::? --
<br /> °!;"�';�� � that, �in lxnder`s gQad faith dw�tmination, precludes forfe`a;.:e of the Borrawer s iii�,�est in the Property or a;,�t-^'�r�* � -�:
<br /> '� � impairment of th�lisa created by this Security Instrument ar Lender's securzty inter.�st. Borrower shall also be i�defauit��• ��-
<br /> . Bflrrower.durin�:�e toan application proccss,gave materiall,r€'alse or inac�:u:�:e information or statements to Lender(or faile� �
<br /> -� . � to provide i.ender with any material informatian)in conne�tuen with the loan evidenced by the Note.including.but not limited � �='
<br /> � to,representndons conceriung•Honower's occupancy of the Property as a princip�l residenca If this Security Inswment is on a �,`-_
<br /> • : . � leasehold. Borrower shalNoompty with al1 the provisions of the lease. If Borrower acquires fee titie to the Property. the �' -
<br /> . tqsehntd and the fee titte shail'not merge unless Lender agrees to the merger in writing. �'����
<br /> ' - .. 7.Pmi¢ction of Lender's Rights in the Property.If Boaower fails to perform the covenants and agreements contained in : �=-=
<br /> �•• this Securiry insttument,or there is a legal pracceding that may significandy affect I.ender s rights in the Propeny (such as a
<br /> . . proceeding in bankruptcy.probate. for oondemnauon or farfeiWre or to enfc�rce laws ur regulations).then Lender ma�do und �.`..�
<br /> ma for whatever is necessary to protett the vatue of the Property and Lendei s rights in the Property. Lender's acttons may �
<br /> elude paying any sums secuted by a lien which has prionty over this Security Instrument. appearing in caurt. paying �``.'
<br /> � � reasonable attomeys'fces and entering on the Property to make repairs.Although Lender may takc action under this paragraph �
<br /> ' ' 7.Lender does not ha��a tn.dn so.
<br />- • h 7 shall become additionil dcbt of Borrower secured b this �,.`
<br /> Any amounts dlabursed by Lender under th�s paragrap Y
<br /> � Security lnstrum�t. UNess Borrower and Lender agree to other terms ot payment,these amounts shall bear interest from the
<br />- . � date of di�bu��nznt at the Note rate and shall be payuble. with interest. upon notice from L.cnder to Borrower requesting
<br /> . pay�,e�►t. . � ,.,
<br /> � ' . �S.°4�ec��tnsurence.If Lender required mort���:GSUrance as a condition of making the toan secured by ri*_:s Security •��.
<br /> .'�i�.<
<br /> � , . Insreti:_^�^�._ Bnrr.:�u�WT shall pay the premiucns required c��aimain the rH.rtgage insurance m effect. 1f, for ar.y.s►�n. th,� . •;;;;:
<br /> , � mc��;:�e�sur�:.�.�c;overage required by i..ecrle�tapsc�,cr c.�es to 6e i:.�sfect.Borrower shall py;c.ie premivats required c� ����=••
<br /> �:,:.;�,:
<br /> `� ob�a 4ob�erage s�:isstantially eq�ivalent to tt�e:nortgage in�;.rrr.c.°previo�sty in effecs,at a cost wCx:.antialiy equivatent t�tT�.� ,:,�,;�.
<br />_ '�<����- •'"� ' wsa �u Bonower of the mort�e insurance previously :r�:ife�t, from an aiterpate ���r'gage insuret approved by Lestder. �° �'�;a°..
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<br /> . ..iQ;7.
<br />-T '' - --- - � , vaao 2 oi a Form 3028 9/90 .
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