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<br /> 'Chc Huixis shnU h� iteld in cu� Inrtitutic�n ���ho�� dc{x�sitF a►r� intiurcd b�� i� fedcr:d u�cncy. imtruntt:ntulily, ���y�lit�.
<br /> (includi�ig Lender.if Y.en�ler i,�ucit ttn institutiun)��r in any I�cdcr.�l H�,nu Loan Rimk. Lcndrr shaU upply�ti►c i�und+le� i the
<br /> Hscr�iw Itcmy. ►.cn ae r m u y n o t c na r�;�n nrrowcr iui iu}tdin g nnd�i p plyinp.tt,e FunJ..annuallY mLdyiing�lic r,c�uvv;�'��unt.ur�` _
<br /> verifying thc�ticrow lt+:ms, unlcss Lc�xlcr pays Ii�uruwcr h►tcrc�t un th�f'und+:md:ipplicablc luw{xrmit�lAndcr tu mc�icr,ucn•�v
<br /> u charge. Hawever. l.eixte�may re��uire[iura�wer tu pay a�mc-timc rhargc fur un indc{xnde�►t rcul e�t;ue tux rep��nin�;hc�viceGO
<br /> u.rr�1 hy Lc��dcr in ci,nncction wlih this Im.m. un<<,s uNri��i�ni� Iliw pruvidr+ utlurwisc. Unlcti, �m u}�rcamrru is madc ur �
<br /> applicuble law requir�s imerest tu tx:paid. l.ender shutl nut lw rcyuired tu pay d�n•ruwrr uny interc.t ur carning+��n ihc C'�uxl
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<br /> &�rrower uixf l.emler nwy ugrcc in writing,huwevcr.th:�t intcrest shidl lx p:nid i�ii thi�I�und�. I.�ixlcr rhull Nive u�Fi��rruwc 'Z
<br /> without ct►urgc. un annual uccnunting nt thc Fuikl,, ,huwing crcJitti un�t dcbils tu thc Fund� io�d �hc pur�►K far whicl� ca'
<br /> debit to ihc Fu►xis wu.c n�ad�.Thr Fu�xi.r�rr pl��tg�c1 as.►ddiUo»al sccurity for ull�ums c;�cund by this 5ceuruy In�truiixnt.
<br /> lF the Fwtnls held by Y..tindcr exccal thc urmnmt�perinittc�f tn be hciJ by upplicablc luw. l.e�Klcr sl�:dl urr.►unt tn k3��rr�iw
<br /> fi�r the excess�unds in ucconlan�e witii the rec{uirenxnts of upplicable luw. if the amuum ut'the Fund�hcld by l..eixier ut u
<br /> time is n�it sufPicient ta puy the Bscruw Items tvlion du�, l.endcr may sa n��tffy 8nrruwer in writing.und.in such cuw�ttr��
<br /> shall pay to l.eixier the amaunt rnce+�ury ta mnke up the deficiency. &�rmwer shull muke up tho Jeticicncy in nn n�on: than
<br /> twelve monthly paymentn,at Lender's wlc discrctfon.
<br /> Upan puyr+�ent in full of All sum+ securcJ hy this S�curiry fnslrument, l.ender shnll prnmptly refund t�� l3��nY�wer i►n��
<br /> Funds held by Lcixl�r.if,under parugruph 21, Lcnder�hall aryuire nt s�ll the Praperty. Lendcr,priur[u thc acyu isittan or sidc
<br /> uf the Property.�hal!apply nny Funds held h�r �.�r�der nt thc timo ni'ucvuut�icra or salc ac a cRdit npain�t thr}u�us sccured by
<br /> they Sc�:urity Insln�niai:�.c.
<br /> ;9.Ay�tlle�itiaen at A*aynr.zem:¢s.qJn)Cs�:applicabfe�av�pn►vides vch.eewiu.:rll p:,cprtt,;cie�,aw•eivrtl h�� I.endrr under�n�.r��_e;�ltr•
<br /> ! aac�2 sh;�lt trc appli�l: G��Q, r,o an.p pftpayd��ent rt�a���.�duc uiut'ec r3ie Nocr::sc4tin.z�S,en:u.r.wwits payahle undcr pac�cgi.xG�lt 2.
<br /> thi�,cu iii.tare:.t due;fnurtE�,t���i�rc:ipal cluc:u�xl l:.ut,tv anx lace c:[�;u�es due under.tt�.e Nur.e.
<br /> 4.(;hs►rRes;L'nein,s. Bcrrrc.wer shall pay all�.�xes,a�u�.•rr.ri:.ts,cha��es. Ettes au�s� a��Znrtiitic�iz�ae¢nbutaBle tar dte Pn�perey
<br /> wbirh may attain priurity oveP tE�is SccuQUy bnsirumen¢, ana6 1ea.tic:l�u➢u� �aay�:�ent� ur�:�iur..E rents, eF any. 1!i,�rnrwer sh;ill pay+
<br /> these oC�li�ratiuns in Ihc ai;umer provedecl in paragraph 2, ur iL•��t p.11ll 111 llli4E Rlcmner.BRr�vwer shall pay t[tcm ui-�tinx�dircctl�r
<br /> tc►the NT��¢�n awai puyment.&�rnn�xer shuli RrompUy feernisM tcs a.,;ndcr aU�zu�i��cti ot'aer.T.uunts to be paid unJer tlku p�mFraph.
<br /> (G 6a,.cr.,+4e�r makcs these puyimer�ss�J!iiiYCtly,Bt�rrowcr sh•sll pr•t����pt3y fumi,h ta Lcnder mr:i�Txc cvidencing the puynxnr:+.
<br /> ; �ns,.rr��wer shall promptly dirct�a:�r�e any lien which has ps:nuit}•over this Security d��a+�.cu.�ment unless Bormwer:(aD ugrees in
<br /> wrisinE•ro thc payment uf�hc ul,ti�,�;;���secusc;t�y the ticn in.a manner acm�•tahle to C.c�o�,9e�:lb1 rontests in goad Faith the Iicn
<br /> by, ur defends ugainst enf�rcemenc of 1he Yi,,,n in, legal praceedings �+�tai:r4i in the Lend�r't opiniam opernte to prevent the
<br /> enfanen�ent of the lien;or(c) secures t'rom tfh�hnider of thc 1'son an agrermem sati+factory• tu Lender+ahcudinuttng the Iten to
<br /> this•ti�YOrity I�strument. If l.ender determincs thu� any part �f ihe Proper� i;�uhject t�a a licn which n�y uttuin priority over
<br /> this S�•:�'rity Instrument, Lendcr mu��give Borrawcr a noticr identifying the licn. 6orauv�s shull satisfy the lien or tuke anc c�r
<br /> more ai the actions set forth nbove�vithin 10 dayti of the giving of not�ce.
<br /> 5. Howrd c�r Property Inwrance. Borr�iver shall keep the improvenunts nrn� existing or hercaRer emtcd on the
<br /> Property insured ag:iinst lass by fire,har;rd��inctudod within the terni "cxlended coverage" und any uther har.c�rds. including
<br /> flaods or flaxiing, for which Lender requires insurance.Ti�is iu�u�a,ice ar,�1� N.mai:t=a=st�t =!t it�e�me"!nt`�"d for the pedods _
<br /> that Lender requires. The ins4�a�tie rarrier pXt�viding the insurunce shall bi• chnsen by &�rrower�ubject to Lender'�epproval
<br /> which shall not be�.tnreasonabf<<withheld. If Bonower fails to maintain caverage da.cribed above. l.ender may.�t I..ender'+
<br /> , option,obtain cuverage to prosett i.end�r'r ri�fi�s in the Propeny in ncwrdance wid�,lp::"s�i�_r�tph 7.
<br /> All insuranc���6icies aci�i renewxls sfiz�31 be ucceptable tu Lender anc� sha�! i�tclniu�:i staredard mortgage clause. Lender
<br /> shull have the right n<<�4wld the poficies and renewuls.If Lcnder reyuires,F3z�rr�«•ea•shalJ proanptly gi�va co Lcnder ull receipts of
<br /> patd premiums und renewal notices.ln the event nf loss,Borrower shall �;��•e pracraFi»atice.to the inxearance curriernnd I-ender. :
<br /> Lxntile�may make pronf of locg i(snot mude prumptl�by Horrower.
<br /> •'lsmiess I.cndcr und EiorraKCr�otherwtsc ugrce m writing,insurancc pr�:�cds�'ha�6 9�e appNed to restorution or repair of the
<br /> Pro�y damag��d,if the restoralioa or repair is economically teasible nn�'Lea�(��x'ti 1��uFi;k i�not Iessened. If the rcstoratiun ar
<br /> repair is not ec�namicnlly feusible or Lencier's securiry would be Icssen�sl,tfie insai d�e prcxeods shall be applied to the sums
<br /> secured by this Security Instrnment,whether or not then due, with uny excess.pu�d to Baimwer. If Bc�rrower abandons the
<br /> Propeety. or dces not anawer within 30 days a notice from l.cuder that the insu�tnce c�nier has offered to settle n claim, then
<br /> i,epder may colla:t the insu►~aqhe pmctcxls. Lender nury u�the praccedK uc+.a ,t�adt.pt restone Ihe Property or to pay sums
<br /> secured by this Security Instrument,whether ar not then due.The 30-day peric�CE�'vS91 b�g+n.when thc notice is g�ven.
<br /> Unless I.ender and Borrowcr othenvise agrcx in writ�ng, any nppliraliqr.�ti�7 proceeds to principal shali not oxtend or
<br /> postpone the duo dAte of the monthly payments referrecl to in paragraphs i•�n�! ::�.or chun�e the amount of the paymtnts. If
<br /> under paragreph 21 the Prnperty ts acquired hy l.ender,Borrower's nght tn nmr insuru�x�e pollcies cind proceeds r�ulting from
<br /> dattwge to the Property prior to the xquisition shall pass to Lender to the exten�of the sum�secured by this Security lnstxument
<br /> immediately prior to the ucquisition.
<br /> 6.Occupwncy.Preservatton, MWlntcnance s�nd Protectlon ot the Pro�ertyi�?'�r��'er's Loan Applicatfon;I.easeholds•
<br /> BoRrower shall occupy.establish,und use the Propeny as Bottower's principal resider��e within�ixty days ufter the cxccution af
<br /> this 5ecurity Instrun�ent and shull continue to acupy the Property as&irmwer's pflncipal rcsidence for at Icast one yexr aRer
<br /> thr.dute af occupancy,un(css l.ender atherwi�e agrees in writing, which ccensent sh:�ll not be umeasonably withheld,ur unless
<br /> �eatonuuting circunutances exist whlch are beyond �3orrower's control. '�'+�rr�+�+er shall not destroy, damuge or impatr the
<br /> pn:,��ttrty. aUow the P�•operty to deteriorate. ur commit wastc on the Pruperty. 8onx�wer shall bc in default if any forfeiture
<br /> act+on or proa,•cding, whether civil or criminal, i�begun that in Lender's gaxi l:iiulh j�.,'gment could rc�ult in fodeiture uf the
<br /> property or othenvise materiully impair the lien created by this Security Instrument c-�r�Lender's secwiry interest.Borrower muy
<br /> sure such a defnult and reinstate,us provided in paragrnph 18,by causing the actii�a�*�r grrureeding to t►c dismi.sed with u ruling
<br /> thut. in l.ender's good fuith determinution, precludcs forfciture uf thc B:�rrowcr's intercst in the Prop�ny or other muteriul
<br /> impainncnt of the lien c�catcJ by this Secunty Instrument ur [.encier's�ecurity interc�t. Burn�H•cr shall ulw be in default if
<br /> Borrower,during the loan upplication proccss,guve materially falu:or inaccurate inf��rniation or,tutemcnts to Lcnder(or fuilcxi
<br /> tce�rovide Iw:nder with uny rtea'�crizl infiirntation)in ronnectlon with the lo:m evidanretl by the Note,including,hut not limited
<br /> te,�'�pnnsentutions wncermar�.i7s,,rn�wer's ocrupuncy of th��1F^,operty:�s a p�incipal c�saciena:.If this ScYUrity Ire�tr�.iment is on u
<br /> leasthold. Boarow�r shull cors�Uy��with a!6 the provisror�s �*i tl►e leavr. If Ciorrower�cquirc� fcc tiQc w tG�.�ftr:operty. thc
<br /> leasehald an,�R4r.�'tT,+t title sha7t nut merge um.l'chs Lcnde�a$rees ta tlo��m^�Z-���r in writing.
<br /> � 7,Prut�cltf�uri�uR Leetckr''s RighLs in tV�r Proper[y.lf&�nuwe�4a.iiL•:�:t: �x:rfi�m�the coeen:xilts:an�agrecm�:nts conr:�ir�°+aB�u
<br /> thiM��urity Insca��u��seent. a��ur;�;�e is a Icgal Qnxeodin��hat may �igRyti�'����r,1.y at'E��t �.enQ�r's�wL�hts iu tt��Prn�}xrty(surh as s
<br /> �ar.�,,�aieding in Uanknptc��,.jbc�trniri.t,for�vndemn�tioM aQ I,�1i�fditure or to eni'ar�r F;av+t„r�z:gafac«invl.then�nTdec ntay do und
<br /> c�s�a i�r whatever Is'�cesss:c3�tit:prot��t thc v;eTue crt�Ehe L�rc�pc��e��a�nd Lender'��6z[,cti���thc Prnn�ny. l.xad'c:r's uction5 may
<br /> ..,..�,ire n:wlnu
<br /> irtclude pa}�eco� ;tny sams �^c.t,red by a i.i.en i�+It��IT Ray ��rr�rRry� ove:e r:Riy ic�c.-ur�iy .���?.-��«.n. :•Yrw�"c =.. __.__ �_,
<br /> r�ar�onaisle a��errru:ys' fecs arn3 ent�ring o�e cl'�e L�l2�p�:rty Rr m�ice rep.tir;. AI��h��uZzh f�:��der ��rta�; cake ucuuu uixf�;rthis parogrnph
<br /> 7,.P..�rtder dca:s i�oc Ita��C6�d,cr�+�.
<br /> �ny .Lf11�SU11L5 d��t�uinc.�f� b5� Le►zdcr under this �r.u°a�raph 7 �hall t+ecam� ;nldit;unul dcb► of Borrower �ccurai by Niis
<br /> sc.�.:wit�� 6nsf���tr.m�nf. 'Lh�1��4 13�nrawcr ancl [.cndcr agrac t�uthcr tcnns of paym�nr. iJiesc amuunt. shull txar intenst fn�m the
<br /> date o!•`ditlsuisenn:nr at r)5� ft��ce r,dc und sliall bc payublc, wich intcrcst, u{wu n�nice from Lc►xlcr tu W�rn�wcr rryursting
<br /> payment. .
<br /> 8. hiu��'���Insuroncc.IF Lcndcr rcyuinxf mongugr in+uranrc as u ronditinn nf mukin�thc luan+Ltiun.f by this Scrurity
<br /> G�titrument. liorriiwer shall pay the premiutns reyuin:d ta m;�inluin the muAEage in,umnce in el'fcct. If, for:my reas�m, lhe
<br /> murtgc�ge fmuran�r coveragc rcyuired by Lender lapse�or cca�e.ta bc in clf��t. 8��rrowcr+hail pay the prcrniums reyuircJ tu
<br /> obtain rovcragc sub�tuniiaU� cyui�alcnt tu thc mungaEc imur.+nrc prcviautily in cff�ct.:►t a ru�t�ubtitantially cyuivalcnt tu�hc
<br /> ca.t t�� Burro�crr uf the nx�ngug� in�uranrc prcviou,ly in rTfect. from un :Qtcrnatr nN�rigagc in.urcr:�nrn,��:�ny i.��xlcr. If
<br /> . � P�! ,4 Form 3028 9/90
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