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<br /> �� : 'llie Funds shal! be held in an institution tivhose 8eposits are insured by a federaf a�ency. ir�stntrtt�r�iry, or entity .(.:
<br /> .`' :,:�. `�:�„• (inctudit�l,ender.if Lettder is sucd an institution?Qr in any Fede�a!Hoine Loan&ink.Leader shaU.a�,:�tp tln.*Fszrls to pay the :t:..
<br /> -'^�':, � Escrativ;tems.Lender may no���harge Borruwer for hnlding and apptying the Fuads,annually aaalyr�ng t�:escr.tvit��ount.or
<br /> ' : " .�:.� .. venfyimg tt�:.Escro�Items.unlecs Leader pays Borrower inteasi on the Fund.a aad appIicable taw permit�t.ea�z��it•arai�e saah .i;:�•
<br /> '.�._:�
<br /> .�`•<'' , ,.�.4., a�ge.Hoarever.l.cnder may reqnire Homawer to pay a ane�time charge for an iadependeat reat est�t�t�m{�:ctitmS servlax }t{:
<br /> • . <� `��` used by Leader in connection �vith fAis loan. unless applicabie la�v provides othenvise. Uacss an a�1.t�;i is made or
<br /> � . . aPPlicabie taw requires interest to be paid.lartder shull wt bs reyuired to Qay Borrower a�iate�t or eaanulY�.ota:tAe Funds. 'i�?:
<br /> ;r�=s ;..J � ��_,.>,
<br /> . . . Bomuwer�td l.eader may agr�ee in�vriting,hoK�ever,that intetrst shall be patd on the Funds. Latder�1 gi�v�.i�►•Bomower,
<br /> , ,�•�:;: without cttar�e.an anntr.�l ascwrsting of tIle Funds. showing c�redits and debus to thc Funds and tire pFSSTpvso f��'c��tid�e�t.:
<br /> `?�•.V`�'. . •` debit t��.Funds�vas made.'f'he Funds are ed a�addiEiot�al securii for all sums secured b�this ��i!�
<br /> '•` � if t}�+�urtds hetd by Lendcr exceed she�nu pem►itted to 6e held 0y apptirable law, t,endes st�I�escASbm�wer �
<br /> ' � '� ��'c��`��� fur the cxcess Fumis in acwrdaitce�vith the requirements af applicabie law. ff the smount of the Fonds le�d by��der at ar►y �_`.
<br /> �.;�,_ time is not sufGciertt ta pay the Hscrow items when due,Lender may so wtify Borrower in writing.and.in sm�.rase Bonn�ver �r~,,-
<br /> ���.�a--�- shali pay to Lender the ainnunt necessary to m a ke up t hc d e fiaency. Borrotaer s ha t t m a t ce up t he de�ic'seaay Tri�r�o more tiran `_ `,
<br /> • . :. t ' twet��e monthlY paYtnents.as Lender's sata discretian.
<br />. e. b. a . '.��
<br /> . ', ?':. .-_.,f,,-.' Upoa.payment in fi�lt of atl sums secumd.by this Secwity insunmen� L.ender sh�l! pcomptly refund ta•Borra��.any ,.,
<br /> Furtds k�t d b y[.e�der.I f.u n der par.e�eap h.2 1,l en der s h a 1 2 acquire or se i t t hu P�vpe r t y.L e n�er,priar ta t t f9 a c x�u i s i t ion�oc s a te �`_�
<br /> :. ..: .:•.. [.e i
<br /> . , '�N�-.�:..:;�'-'`• of the Prop�aiy,sla�ll appty any�nnds held by Lercder at the time of.acqaisitian or sate as a rredit apirtst thersu�secured by —°�
<br /> ..�. <. this Secvrity It�trume�t. ���:',
<br /> ` '�`�" 3.A cattan aP� � _
<br /> ' ,,.,� ' ppli Psyuteats.Uniess applicabie I�w pruvides othe�wise.ali papment5 received by Lendet e�nder paragraphs �`',�.
<br /> :�� ..° •.`..;�`r; '; 1 artd 2 sha11 he appli�dr fiist.to any Pre�ayment charges dus�uedap th8l�totc;second.ro amnapcv payahla uud¢s paragr�b 2: �- .
<br /> thitd.to interest due:fousth.to principa!due:and last.to any lata�urges dua undit�the Hote. �;
<br /> ''�� ;„��' 4.C6arges;L[e.ns.Borrower shal!pay all raxcs.assessments.chau�tes,.fines and impositiona attaibutabts[o the Propeity --
<br /> . . �',::.., which may attain priority over this Security Inss�ument.and teasehold payments or,g�ound�ent9.,if�ar►y. Borrower Shall pay ��F.
<br /> these ubtigativas in the manner poovided in paragrapb 2.or if not paid'm tlwt mAnrtar��or.tv�wet�stu�!pa�them on time diiectly �°
<br /> '. :� .'�.�.•� to the peison owed paymea�Borrower shall promptly fumish to I.ender ali nnti�e�:ct;iamaurita�ta be paid v�1er this pata�h. _
<br />-.' •�� ' " �,�. ',:. if Borrmver makes these payments directly.Borrower shall pnnmptly furnisd to Ixudet�ipss evid°.ac'rng t6e paymenu. =•
<br /> m
<br /> .,s;S •_... ;.�:•.:,.,; Bmrower shail prompUy dischurge aity lien whicfi has priority over this Security Instrument antsss Boirower.(a)agrees iu� �_
<br /> ."=�,, ., .,F l wri6ng to the payment of the obli�aa secured by the lien in a manner acceptable to Lender,tb)con:�sts in good faith the lirn �<
<br /> - . ;;_:Y.:•, b , ar defends ainst enforoement of the lien in. I ro whic� in the Ltnder's o inian
<br /> -�._�,:_-.:_�� Y a$ ega� P ceedings p ap..�rate to prevent the =
<br />_ ' ' �.h:,. esiforcement af the lien;or(c)secures ftom the holder of the lien aa agreem�as satisfactory to L.eader subord'mating th�lien to --
<br />:",,...'.,�.:.,�,�� �ri. �� this Security I n s t r u�ent..if Ixnder deterrnines that any part of the Pcoperty is subject to a lien�vhieh may attain priority over
<br /> ; `°? ^ 'r ::; this Sewrity.�asaumea�Certder may give Borrower a nonce identifying the tiaf.Borro�er�3l Eaiisfy the lien or take one or ��'-`'
<br /> . ,.: .�Y �,t;• more of the actions see farth above within lQ days of the giving of notice.
<br /> �:.r...:.;..,::�•,-:�` --
<br /> ��;,, � 5. flnzard or Prop�ty tasmsnce. Borrower shall keep the improvements now eaistittg or hereafter erected aa the �._..
<br /> ' .:::��,.�:�a . Property�,iasumd agairut ioss by fire.Ga7ards inctuded within the temz "exteaded coverage"and any other harards. �nctading --
<br /> • . •�` ftoods or tiaod'mg,fos�vhich Lender requices insurmfe.This insurance shall be malatained in the amouats and for the periads �.-.
<br /> .,;,:•`; :,:'';"� lhat I�arler sequires. The insurance rarr�es�pravidi..*�tfie insurance shaU be chosen by Bonower subject ta:lLeader's approval -_--
<br /> .;;�;��.. ,. • �' _.-
<br /> whiah::shaEt.not be ann�sonably withhetd. If HarsRnx��rr failc to maintain coverage described above, Lensfi�r.rnay.,at LeadePs -----
<br /> �. :3i�:.''�:, : opp��n�c�tt;r�a a�vera�e to pmtect I.w�s�ights�a��e Property in a�cmrdanse with Paragrnpl�-7-: . .
<br /> �"�`•��"��i'�y�s�'� � �.�.1J`a�`r�rance policies and c+enew�:.r�s:�tli be acceptable to I.ender and shall inclade a st�.a'srd mor[gage Flause:F�der
<br /> ,..,.,;�+:�•��f1 � �_...
<br /> � ;f;;;�, t, .,s;�: stwiD'have C:...right to hoid the�o1Pc'�e.�sc�:2 renewals. if Ixnder requires,Barrower shall prott�p give to l.ender al!r�of
<br />_•�;;Y�. ; :.�..•� t •p�tid p�emiams and reneryal nonces.tn the event of toss,Borrower shall sive prompt notice to the�nsurance�uriee and�er. �,�
<br /> �,:�. .�: . 1;ender may make pronf�&'E+ass if not made prompclg by Borrower. ----
<br /> ,. � .t.:. , �-' Uniess Lernder��rower oths�wise agree m wriang.insurance pracea:t.s shait be apptie�to restoradvn or m�a�r of the ---
<br /> • � � Propetty da�ged.if the restoration or repair is economically feasible and l.ender's security is not iessened.If the restaration or
<br /> � : � repair ts tra�c�conomicaUy feasibte nr Lender's security would be tessened,the insurance proceeds shall be applied ta the swns
<br /> �� . ; secured by t6is Securiry Instrument, whether or irot then due,with any excess puid to Horrower. If Borrower abandons the =____
<br /> � .;:N . ; „:' ' Qroperty,or does not answer within 30 days a nouce from Lender that the insurance carrier has offered to settte a claim.then �_
<br /> , � �� . .-.,: Lender may collect the insurance proceeds. Lender may use the proceeds to reQair ar reatore the Property or to pay sums
<br /> ' � secur�d by this Security Instrument.whether or not then due.7'he 30-day period wili begin whea the nouce is given. __
<br /> ' �` + Unles� Lender and Borrower otherarise agme i�� writing, any appGcation of proceeds ta principal shall not extend or =-
<br /> -. � �`•'� '' postpone tlr�due date of the monthly payments ret'erred to in
<br /> � • • under ara h 21 the Pro P�Phs 1 and 2 or change the amount of the payments. If
<br /> p grap perty is acquirrd by Lender.Borrower q right to any insurance poPca.�es and praceeds resulting fmm
<br /> �, darmge to the Property prior to the acquisition shall pass to Lender to the extent of th�sums sacureA by this Sec�uity Instrument -
<br /> -. -. ' �mmediately prior ta rh�.�bcquisition. , ----
<br /> �� • . '6.Occapancy,�ation,Mainteaance and P�niectton oY the Prop�;Horrowes's Loan ApplIcatIon;I.easeholds. � °-`
<br /> , , ' �arrawer sl�.al)oecv�'y:�tablish.and use the Property as Borro�ver's principai residence v�ithin sixty days after the execution of �_
<br /> � this Seatrft�Cz�.starmedt and shall continue to occupy the Praperty as Boaower's prinripal residence for at least one ywr after
<br /> • . � .the dats'at"rs�..-spancy,unless lxnder otherwise agrces•in writing. which oonsent shall not be unreasonably withhetd.or uNess __=._
<br /> exienuating c�reumsta.�cas exist which a�e beyond �orrower's control. Barrower shalt not destroy, damage or impair the ==v
<br /> ° . . Property. allow the Prvp:rty to deteriorate. or ccsr_Wt waste on the PropertJ. Borrower shall be in defauit if any forfeiturc ---
<br /> � . . action or proceeding, �bts�ther civil or criminal, is be�un that i�l.ender's gaod faith judgmeni wuld result in forfeiture of the =--
<br /> � •�-•�..� Properry or otherwise materIally impair the lien crrated by this Se�✓�ri /nstrument or Lendet's securi interest.Borrow+er ma
<br /> <,-i;�',; : ..: �' �Y Y
<br /> ,. . ;,t.�~�`s;s, ,: . cure saeh a defa{�It and reinstate.as Grr•vided in paragraph 18,by causmg the action or proas�:ag to 6e dismissed with a cvling F,.
<br /> - �-.:�`; . • tha� in Lender's good faith detertni�t'son, precludes fotfeiture of the Borrower's inter� :rd the Property or vthcr material `__-
<br /> • . impairment of the lien created by a-��Securiry lnstrument or l.ender s scxur.r1 i:�terest. E::o�:awer shall alsc�be in default if �'` -
<br /> "%��` • �' Borrower,dudng the laan application process,gave materially false or inatcurate i�,Formaua�or statements ro l.ender(or Pailed 61ia`:
<br /> - , � • • ;::j; to provide Lender with�y material'snformatianl in eonnection with the loan c.w�eed by li�� Note,irtciu,iir�;but not IimiteA -
<br /> ... . ;,;:,;�t,:;., ;,; to.representattons conceming Bocrosti�%s occupan���nf the Property as a principaf residence. tf chis 5eci:ciey�n�trument is on a
<br /> � .�.';;,•,j;s.: .;;� leasehold. Soaower shall comgly �ri.rYi all the provisions of the lease. !f Borrower acquin::�fee titDe to the i'copeRy. the ,
<br /> - leasehold and the fee title shall not�r�c unless L.�der agrees to the merger in writing.
<br /> � � . - 7.Protecttoa of Lender's ItlgLts in the Pro��2y.If Borrower fails to perforrn the cor,,,4,�s ar�d�es�ents contain�d in �
<br /> � � . ,:�; Ihis Secusity Instnunen�or there is a tegal pracc�ding tlwt may s}gnifecantly�:'�t Lender s rights in ti�,e Froperty(such as a _;�•
<br /> � � . � •�� proceeding in banicruptcy,probate. for condemmation or farfeiture or to enforce taws or regutations),Qtc-�3 G:nder may do and
<br /> '. � , :;` �ay for whatever is necessary to protect the valae of the PropeRy and Lender's rights in che Property. l.ender's actions may ��:.
<br /> . . . �nclude paying any sums secuted by a lien which has prioriry over this 5ecurity Insmmem, app�ring in court, puying
<br /> reasonable attomeys'fees and entering on thc Property to make repairs. Althaugh Lendcr may take action under this paragraph
<br /> ",::�':,,,: �� , ?.Lender Qoes not hnvc to du sa. ,'; .
<br /> ' Any amaunts disbursed by Lender under this para�rraph 7 shall becumo additional debt of Borro��•er secured by this
<br /> . ' ' Securiry Instrument. Unless Barrower and Lcnder agree to other tertnv af payment,these amounts shall bcar interest from the , '
<br /> date of disbursement a�the Note rate and chali be payable, with intcrest. upon notice from l.ender to Borrower requesting
<br /> _ , - � ,� payment. -
<br /> . • ..• 8.Mort�age lnsutgnce.If Lender required mort�ge iacurance as a mndition of making the lo:ui secured by this Securiry �
<br /> . • Instrument. Borrower shall.pay the premiums requircd tn m;lintain�he mortpge insurrnnnce in effect. If, for any reason, the '
<br /> � . � mortgage insurance coverage required by Lender lapses or ceases to be in effect.Barrawer shall pay the premiums reyuired to
<br /> � , . , obtain coverage substantially eyuivalent to the m�►rtgage intiumnce previously in effec�.at a mct�ubstantially equivalent to the ,
<br /> ' ' cost to Borrower of the mortg:tge insuntnce previously in effect, from an altemate murtgage insurer approved by Lender. If
<br /> � ' ,, v�2 or a Form 3028 9l90
<br /> _s.
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