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<br /> �n •?�..e!�-� p,�4_� � u . �.:t:; � . i , ,a. �� ,t �j"1`�"ij.• �",.�5..:�t�. �����••i F ��.
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<br /> ' �.. 1°.: The F� shall be hetd in 2n inst�tutian whosc deposits �te jnsured by,a�fltit�;�en�Y• i��'+ ar entity ,�Y�
<br /> •.� <<. • ., ('mcleding Lender.if Lender is sucA an inscitutian)or[n cny Federat Hmttc laan 8ac�t�.,I�i�Cr sUall tlte.Fmic�.3.a paY the �.�
<br /> ' ` Escrow Ite�s.Leader aray aat charge Horro�ves Cor haldi[ig nnd ctp�ptyin�the Funda.��ally.acealyzing�te,escmw�,ccoulrt,or
<br /> :;:s;`�.��,��.•-`,��;_`` vefifying the Tucaow Items.untess l.ender Qaya Borrowe�irttcrest tytl the Funds surd applicablelaw per��;;cnd��:���!: .: .
<br /> . <`t. . �4:,.�.� a charge.Rowevet.l.eader may requ�r�Bor�o�er to pay n one�time char&e for�n inde�radeac r�al e.state:t���epq�tin8 s�i�;.. :•
<br /> used by l.emder in connectIon wifb tAis loan. untess appllcuble taw provfdes otherwise. Untess an �t:�i�:�:�de ax'.... :
<br /> .`� '� � `� appZirabte taw�uires int�rest to be paid.Lender shull not be cequired to pay�orrower any interest or eamt�sas a�k;•�ie`F�nds: '• �.
<br /> , ` .€,.` `=t � Bomnwe�c aad t.eader map a�ree in wnt�Ag.howcvec.that interest ehall he patd on the Funds. Lepder shall give�fti��iri�o�er, .
<br /> �:���� .. ..
<br /> . .:'.��� withnat cbarge.an annual aeoowuiag of tAe Funds.shawin$cr�adits and�debits to the Fuads and We parpa.�for:-�vl�ich e� '�.
<br /> �`,�:.4 .`:., debit to the Funds was made.'lY�e Fuads are ptedged u�nddttimw�l s�curtt��t�u{i sums secured bY this Sec+ui4y i�t. .• : �
<br /> �:..� t;..:-: �.. If the Funds hetd by Ixnder e�cc�d the amnunts pertnitted ta bo�uf�tc�y,apgltcahte taw.Lender sl�al!a�imt tirBprrr+o8�°�: _
<br /> for the excess Funds in as�ordattce a+ith the requirements af app[tcpbt4;luw..[i tRe amount of the Funds het�by�nder at�� ��
<br /> ,j•� �-�" ;; � '.
<br /> r �_ 6me is nat snfficieat to pay the Escmw Items whcn dnc.Leatder�ty,sa emtt4'�osrawer in writing.and,in.s�d�c�se;$orro�z�
<br /> � shali iray ta t.ender dte ainonnt n�sary to ma&e ttp the deficiCrtay�:.�,�m+�cr shafl m4ke t�.tt�defc��c�u�nv;nahr+�� . � ,_
<br /> ' � :� twelve mm�slilY PeS�ments,at Lender's sofe dis.,^retion.� � :; � :
<br /> - Ltpan paymeat�a fttll uf a11 sutns st�ured by this S�urity Inst�:arrcnt. Leader shall pru�tly re�ti��Boi�9►'�er�i _
<br /> F�mds held 6y I.ender.If.under paragraph 21.Leader shall acqwre at setl tfie Property.Lender.Pnor w Ed��a�s�ion.or saI�s ; : _,
<br /> � - : of the PrapertY.shall agply any Fa�s beld by Lender at 1he Iim�of acquisidon ar sate as a credit against die st�s�F'�bf , � r =
<br /> �us Seauity Instrument. •
<br /> �� .3.Appht�tian of Faydn�ts.iJnfcss applica6le te�v provides otherwise.atl pay�c.mts received by Lender Fseciex'�a�ph& " `��,,,�
<br /> `� �'. ;.��sLall be applied:fi�st.to anY PnP�ent cl�arges due under the Note:seoond.to amounts payabte uu�r��BaaPh� ', l�q�'r�
<br /> �f � � : ,
<br /> '�r �:to inte�est due:fotuth,to princspal due:and tast,to any late chacges due us�der the Note. - �' , � -
<br /> • . :`;.,. 4.Cbar�es;I.l�v.Borrowe�r sball�ay all taxes.assessmenis.chas'�es.fines aud impositioris atuIbutebl�t����J:;''.�. � �g'> :
<br /> , • 4 '� �- �trblch may attain priarity over tbis S�uity Istswment. and leas�hoid�aymr�ts or ground rents,if any. Bnrio�a�inIl gay' ; �� :
<br /> ,- � '=} �ese obligations in the manner pmvided in paragrapQ 2.or if rtat patd in ehat manner.Borrower si�all pay them du�°.�s ,
<br /> t,_ s. :•ip the pecson owed payment.Bomnwer e6aU promptlY fumish to Lender e!1 not�ces af amoums to 6e paid ander thcs:�g3� �.�
<br /> � .�.;���if Borrower cnakes these paymeats directly.Burrower shall pmmplly fumish to Leadrt receipta evidencing the pa��zts,; _ ,� �
<br /> irtstrument•untess Bomower:�a'S.�+e� �...�=
<br /> . Borrower shall promptly dis�tge aIIJ►i�eo arhtch t�as prfarity over tNs Security � � _
<br /> , :�' •writing w the paymeni of the obligatIoa secured by the ltea in a manner acceputt�te to L.ender.(b)contests in goo3�'ai�t�ti�� � -
<br /> ;.#sY,or defends against enforcement af the lien•in, tegat prooe�ings which in the Len¢er's opinion apeiste to gu�v�sit� �
<br /> -.e,ofom.ement of the tien;or(c)secures fcam the holder of the lien an a�eement satisfstctory to.Lender subor�diaatia�t���n t� , ��
<br /> r -'t6is Securiry Instrumen�If Lender determinea that any part of tlie Pro�ecty is svbject to a�ien which may susin�ri�iir,�avea' , ,-�
<br /> .:ti� �;� ttus Secority Instnimen�Lender iaay�ive Borcower a notice identltying the Ifen.8orrower sha11 satisfy the Iiea or�a�as�`..:;�,{•.' � . �;`�-��:
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<br /> :• :,' more of the actions set fortb above withia 10 days of the givins of nodce. ` �.f f~
<br /> � � � � 5. �a�ard or Frop�rty Insna�anoe. Borrawer shall koep the itn�rovementa now existi�g or hereaRer ereix:�l.�u c�
<br /> ,�'�' �'• �P 4�Y��a S�t a s s b y$r e, h a 7 a r d s i a c i u d e 0 witbin the term. exten�ed cove r a ge"and any other hazands:encfu�ag --
<br /> �l�:s�i,r floading,for which Lendec rEquires insu�no�.Thls insarance shatl be maia�tsatned in the amouats an�for���s . n�, _
<br /> �.V�rdet requires.7fie msuiaace cariier pm+riding the insuranse shall be c�oscn by Borrowes eubject w Lender's a?�Sro�l
<br /> � i��a,'�s'ksa.0 nnt be nn�asonabiy withhetd if Bomnwer faila to maintaia wvesage describe�above. Lender may,at 1:en�ee'�
<br /> , , 'opi�-:olataia.coveiage w pmtect Lender's rights in the Properry in accordaace with p�ag�ph 7. . --
<br /> Le
<br /> . � : ��msuiance poiic�es aad i+enewats sHaU be aaceptabie w Ixnder a�ui sha11 inctude�standard mo�xgage clause. Len�t -
<br /> �.� s�11�z the fight to haId the�oticies and renewa�s.If Ler�der requires:Borrower shail p�mptiy give to Leader all receipta a� , _
<br /> s �
<br /> ,. . � '•',. ' �p�aad renewal notcoes.Tn the eveat of loss.Sorrower shaA give prompt nodce to the insarance carrIer and I.ender, . : _ _ -
<br /> � ` . F .:,r ; ��r:�ay�ce�srpof of toss if not made promptly by BorroweT.
<br /> � '_'�#�i�ess 1�a d e x�n c l B o r rower o t h e c w i s e a g r e e i n w r l t i n g.i���n+ns�p i 0 0 B C d s B h a 1 1 6 Ba�p1l e d to restoiarion or r e Dair of Wa
<br /> at�
<br /> �.'' ; prr;�g d�aiaged,i�the resooration or�epair is ecanomicslty feasibte and�nd�t's securiry I s�lessened.If the aestoration ar . ,�u-
<br /> ; �re�r��s not economically+feav'62e or Ixnder's seauiry woutd be tesseaed,the iaauraaCO Pmceeda shall be ap�li�t°4Le suma t
<br /> . � , . $et�c�,by'this Security Instzument, whether or not thep due. with say eacess patd to Bonower. If Borrower abandons the -�
<br />, � :. ':.�� �". . Prr�x�r.or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settte a clainn,then - __-__.:_=
<br /> „':;;,.. , , � .. • Leades may collect the insurance proceeds. 1,ender may use the pmceeds torepair or restore the Properiy or to pay sums , . ___
<br /> '�. secured Dy Ws Security Insnnimen�whether or not then due.The 30-day pedod wit!begin when the aotIee ia given. u� ----
<br /> � Unless Lender aud Bormwer otherwisa agree in writing. a�y applicada�of proceeds to principal aiwll not extend or. '.;� ': �
<br /> � � � postpone d�ee due date of the monthly payrments referted to In p hs 1 attd 2 or change the iunnunt of the payments. If��:.. '� . --�--=
<br /> � �nder Qaragrapb 2.1 the Propeny is acqu�red 6y Lender.Boitnwer's r� t to any lnsumnce poHcles end pmoeeds resvating fmm ':
<br /> . - �' damag��the Property grior to the acquisition shall pass ta Lender to the exteM of tha surn�secured by thls Scx�rity Instrument �
<br /> tm�:��y prior to t&e acquisition.
<br /> . c�, ,�e.servatioa,Mafntenanse and Protectton of the Pcnperiy;Borrowes's Loan Applfcatian;Lc�se6otds.
<br /> , �.�_ . ' �. �cicd nee'�.u-p,�t;estabiiah.and use the Property as Horrower's priacipal residence withln sixtyr deys ufter the executioa of , . - =
<br /> ��r.;. ' .• ��••: ti��S�'s �:ent and shall eondnue to occupy the Pcopesty as Botrower's principal restdence for at teast one yeat aR�r _---
<br /> YrE.,... , ... . .,. ... tp a d __ _
<br /> ::=:,_ti` �. :�: �.,, .` �r��'of ocqu�..y,uNess Lender otherwise agree.v in wrlting.whtch consent ahall not bo unreasotmbly witMeld.or an�ess -_-
<br /> ',�, t , � exter•�i�8 �ces eaist whIcb are beyond Barrower s control. Boma�ver shall not destroy. datnuge or impa�r the __
<br /> rti# propeRy,a11dw;��erty ta detertorate.or wmmit waste on the Property+. Borc+uwcr snal! be in defuult if any forfeIture
<br /> `�`����l � y� � acBon or procee�i�c�;w ether civil or crtminal.is begun that in Ixnder's good fa�th judgment could result in(orfeiture of the -
<br /> �������j�+.r, : ` Properiy or othea��a anateria11y impair the lien created by thls Security Insuument or Lender's 6ecutlty inserest.Horrower may -
<br /> .r �,.� .
<br /> �� �`':. ' �f � c�re sach a.defa.�ig�2eznstate,as pmvided in paragraph 18,by causing the act3on or pmceeding to 6e dlamissed with a niling R��•:--
<br /> ��f�' :�•: .�� t�ra{� ,&r;I�ra�S�ai�ff�� determinadon. preclades forfeimre of the Borrower's interese in the Praperty or ather mater�al �.-'__
<br /> :� �`.�`� ° �. imp¢ir,�-�e aE.u�xe 9ie��by ttus Securiry Instrument or Lender's security interest. Borrower shnll uls�be in default if �'�'�-'
<br /> � ' � 'Bo�rar�er.'�.us��,G'��a:a 2pplicauon process.gave materially faise or inaaurate infommtion ar stutemcnta ta Lcnder tor Paited :;'�
<br /> ti}��r��a.. �••
<br /> :c;., ';., ; to provtde Leuder tirx�a^y materlal information)in connection with the loan evidenced by tho Note.lncl�cding,bnt nos limited �.�_...
<br /> ,.�'•s:l•_,'
<br /> �.\;;�f}�r;;. ��; � to.representatieu�a�ao�r.ing Borrower's occupancy of the Property as s pdncipal residenco.iP this Secudty insttumetn is on a _ _
<br /> �, { �4, �., leasehold, Borcn�z �h:IP�mp1y wtth all tha prov�sIons of t&e tease. If Borrower acqulrea fee dlta to tho Proycrty. the
<br /> ,� � � �. �:.
<br /> ' '�"��r�l<�41��11y f leaseho2d and the tec e�-«e�nat merge unless Lender agrees to the merger in wdting. � -
<br /> �'',���`•����}�� 7,Pe+otectf�n o�'Q.�e�s 1�tgEits tn the Propertq.If Borrower faiis to perform the cavet�ants and�r eements contalaed in -
<br /> ' . �� '��''�'�'5"'�`•' this Security Instn�*:er.E;oT tttere is a legal proceeding tl�at may sigaifccantiy aflect Lender's ti^fits in the Property(sucA as a •� .
<br /> .. .��:i.yl4�.. . �
<br /> sti{;v;l�.::*„ ` �
<br /> y' proceeding in baa�Ic�ecy,probate.for candemnatton or forfeiuue or to enforce Iaws or regulnt�ns).then l.cndcr may do and
<br /> � �'��^s�°'`'� Day for whatedea is�aecessary to protect the value of the Property eM Lender's dghts in the Prope�ty. l.ertder'�octions may .
<br />_ . �!}'s�y�j.:
<br /> _ 5.,.�,��,` include payi� �y sums sec�re0 by a lien wldch has priority over thls Secudty lnstrument. appearing ln court. paying
<br /> . . +�;F.,i`f�. ��!e�c�ys'fees and emteriag on the Bropertyr to make reyairs. Although Lcndcr m�y takc acttan urtder this parngmph �} �:
<br /> � �tirr,;� ?.!„ea6er does�ot Dave to da sm.
<br /> , , � : ��,r,4�4 � Any amma::�s disbwsed by lxnder vnder this paragtaph 7 shall beeome uddltional debt of��truwer sccurc� by �his `!�, �
<br /> . ;`,�,Y Securiry lnstnunen�. Qnles.s Borrower and Lender agree to othes terms of payment. thac nmounts nhalo bcar intcrest i'mm the
<br /> � date of disbursemeat at the Note rate and shall be payable.with interest, upan notice t'n►m i.crntcr tn 8nrmwcr �cquesting
<br /> _ . :{ payment.
<br /> � ••� • . 8.Mortgage Insarauce.If I,ender required mortgsge insursuice as a wndition oi'n�ing the toan xecurrd hy this Security
<br /> . ' ; InsWment. Sonower shall pay the premiums r�ired to maintain the mortgage insurancc in c!'icct. IP. fi�r any rcas�n. tAe �
<br /> • � . mortgage insurance coverage required by Lender lapses er ceases to be in effcct,eur�owcr�hull pay tAc premiums rcyui�ed to
<br /> � � obtain coverage substantialty eqwvaleni to the mortgage insurance previously in effecl,nt o��u+t�ubstanUaUy cyuivnlem ta the . .
<br /> � .4 ' oost to Horrower of the mortgage msurance previousty in effect,from an�Itematc mortgagc insurcr appn►vcd by Lcnder. 1/
<br /> -- ' .. . -.. va�2 o�a iorm�020 0/00 �
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