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<br /> Thc Funds slaall be hcld In iin insthutinn whosc depoyits �irc insured by u fedornl ugency, instrumentality. or �ntity
<br /> (inrluding I.ender, if I,rndcr is such an in�titution)or in uny�ederal Hnme[.oan Btink. l.ender shnll upply the Funds to pay thc
<br /> i',;�r;�lict�s:. l..a:i.-r m:s�m:t ch:tr�;t 4ic►rrn�er fnr l:sr!dls�o ttix!3{+rlying rh�+Fund�.nnnually tinulyzing thc cscro�v uceount.<�r Cd
<br /> vcrifying�hr�,,cruw Itcros,unlc+:� L.c�xlcr pi�y�Hurrowcr intcrost un thc Fuixls;nnd a�pplicable Inw pennit�l..c:ndcr t�� mnkc such w
<br /> u rhurg��. Huwevcr, l.cndcr mii)�rcquire 8nrruwer to p:ry u�me-time��hur�;c for an indepenJcnt�nl esta�e tux rep��rting�crvice �
<br /> uud by l.�nder Eu connerdnn w�ith �hir Inun, unless «pplirablr taw prmidcs othenvite. Unle�.+ im ugrecment is mude or
<br /> npplicahlc luw requires:ntcrest ln he pi�id, l.��xler�hull n��t tsc�cyuircd to pxy Bcirro�ver imy interc�t ur cumings on tho Funds.
<br /> F3�rrrnwcr und t.��xlcr nwy n�rw in writing, hnwevcr, thnt interest shidl t►e:pi►id an tho Funds. I.crKicr shall givo to�c►rrnwer.
<br /> wilhu��t.•Nurgc. un annuat accountiug nf the Funds, tihmvin� creclit�nnd debit� tu the Fund�.o�nd the purpox fnr which e�ich
<br /> dehit co the Fun�f,wux mudo. 'fho FunAs nre pledged us ixidit�onnl security for nll sums secured by this Security Instrument.
<br /> If Ihe FurKiti heid by l�ndar exceccl the mnuunts pennitted ta be held hy applicable luw. l.under shnl) uccouat to Hc►rrmver W
<br /> ti�r ibe cxress Fu►x!�in uccordanco with tho rcquirements of upplicabie Ic�w. If the umount nf the Funds held by Lender ut any
<br /> tink ix nut�uff+c3cnt to pay tha gscrmv ltems��vhen due,l.endcr nuiy so notify Sorrower in�vriting,and,in such case aorrnwcr
<br /> xhull p�iy to l.ender the anxxsnt mcesn��ry ta mnko up.tho deficien�y. Harrower shull make up the deficiency in no more thun
<br /> twcivc nxmihly puyments,at I.endar's solo discretion.
<br /> t1Fxm payttunt In fuU of all �um�r securcd by thin Securiry lnstrument. Lender shull promptly refund to Borrower uny
<br /> Nur►J+hcid hy I.crnler. tt'.undcr parngraph Z I.Lendor tihaU acquire or sell the Pra{►ercy, Gender,pdor to the acqui�.ition ar sale
<br /> ot'the Proprny, tihull apply uny Punds held by l.ender ut the tlme af ucquisitian or rale as a credit against the sumti secured by
<br /> �hi.9,�curlty instrument.
<br /> 3.ApplkWtl�n ot'I'nymunt�. Unlass appllcabla Imv pravides othenvise,sill payments received by I.ender under pnrngraphs
<br /> 1 uixf 2 shall lx appliecl: fir�t,,tn any prcpnyment char�es duc undcr the Notc;seu�nd, to nmounts puyuhic under puragrnph 2:
<br /> third.10 interest Que;fi,unh,tq principnl due�nnd In�t,t��uny lat�charges due under the Nute.
<br /> 4.L'hs����wi I.Ienr. Horrower+hnll pnY ull taxeh,assessmcnts,charges, fines und impositionh ultributuble►a thc Property
<br /> wl►ich �iwy uttuln priority ov4r this Securlry Tnstniment, and Iensehold paymentF or ground rents, if any. Borrawer shul{ pay
<br /> thrre ubUgutluns in thc manner providcd in parogrnph 2,ar if not paid in thnt mann�r,Boreower ahall pay them on time directly
<br /> tu thc per.on uwed payment. Horrnwer shnll promptly furniFh to Lender all notices of amounts ta be paid under this paragraph.
<br /> IF Rc�rr�►wcr makc�;thesc payments directly,Borro�ver shull promptly fumish ta l.ondcr recefpts evidencing the payments.
<br /> R�ttrnwer shufl promp►ly dischnrge any lien which hac prionty aver this Security Instrument unless 13orrower. (a)agrces in
<br /> wr�tiug m thc puyn�ent nf thc obljgutfon secured by the lien in a manner acaptabla to Ixnder;(b)wntcsts in goad f'aith thc lien
<br /> by, �►r defesxlr ugainst enforcemen� of�the lien in, legal Proce�edings which in the I.endcr's opinion operutc to piav�ut tl�v
<br /> enforcenxnt uf thc llen: or(c)�ccures fron►the holder of the lien un ngreement satisfactary to Lender subordinating the Ifon to
<br /> thir Sccurity Inxtru�»ent. if Lender dctermines tbut uny part of the Property is subJ�ct to a li�n which may attain priority over
<br /> Uds Security lnstrument, Lendcr may givc Borrowcr a nolice idvntifying tha lien. Harrower ahall sutisfy tha lien or tsko ono or
<br /> in��re of th�wctionr��et forth alwve within l0 days of the qiving of notice.
<br /> S. Har.�rd or PropeRy Inyue�nce. Borrowcr shnll kocp the improvements now existing on c�rcafter erected on the
<br /> 1'roperty imured aguinst lotis by tirc,hu�urds indudcd within the term "extended coverage" nnd uny other huznrds, including
<br />- iiixxii o�ii�xxiiux,t:,r u�hich Lcndrr rcqulres insttr�ssts. This insurnn�c�hA11 he maintnined in the uxnaunts and for tho periods
<br /> that l.eixter reyuirer. The insurance rurner providing the insurance shnU be chosen by Borrower subject ta I.cndor's approval
<br /> wl�ich nhull not be unreuxmably withh�ld. 1f�orrawer falls tu maintain coverage descri6ed above, Len�fer may, at l.ender's
<br /> upUon,��t�in coveruge to prote�:t l.encier�rlghts in the Propeny in accordance wlth puragraph 7.
<br /> All inrur�►nce policies und rrne�vuls �hall be acceptab[e to Lender and shall includc a scandurd mortgage clause. [.ender
<br /> +iw�It 1��avc thc�ighi to hold the ol icics and renewals. If l.ender requires.Borruwer shall pramptly give to Ixnder all rece.ipts of
<br /> �i�E qr.ur,�iumti und renewal nntPces.In the event af loss,Barrower shall give prompt notice tc�the msurance carrier and i.ender.
<br /> l.�c�E�:c�u�p muke prcx�f of latis if not madc promptly by Borrowcr.
<br /> lUce¢�.�f..cncler and&�rrower otherwlsQ agree in wnttng,insurance proreeds shall bc applicd to restoration ur repair of the
<br /> prapera�claEx��,gcd,if the restorntion or repair ih economically fensible and Lci�der's security is not lessenai.If thc rehtorudon or
<br /> rcprir�.�:cwa*nomically fenslble;or I_cnder's xcurity would l7e lessened,tha insurance procceds shull be npplicd ta the sums
<br /> hc�:urcJ h3 ehis Security In�;truntent, whcther or not then due; with any excess paid ta Borrower. If Borrower abandans thc
<br /> I�rpp�;ny, r�r��.r�.ncM answer wlthin 30 duy�c n notice from J..cnder that the insunmca�:nrrier hes offerod to settle a claim,then
<br /> lxixler may c�d1aK ttro insurancc proceaix. i.ender muy use the proceeds to repair or restore the Property or to pny sums
<br /> �ur�l hy this S�ccure¢y 12ytnlment,whether or not then duc.The 3U-day peri�cl wtll begin when the notice iF given.
<br /> Unle�r Lx�uier ac�il ��m�uw��er otherwise ugree in writing, any nNplic:ftion of procc�eda to principal shall not extend or
<br /> �H�st��ix the duc datc�f tt� nx�m�thly payments refcrmd to in paragraphs 1 nnd 2 or change tho amount of Uie paymenu. If
<br /> under p+�ragraph 21 the Propeny es u�quirc�i by Lender, Barrower's right to any insurunce{+nliales and proceeds resultin�from
<br /> d�uiwge to thr P�openY Priar to tlac;r.�yuis'ttion shall pass ta I.cndc:r to the extent af the suws secured by this Security,lnstrument
<br /> ImnxJiwtcly prinr���tl�:�cyuisinicrrt.
<br /> 6,ticrupMncy.pr�sen-�tbu.l�faontere�ace and Protecttun af the I'�o�►eny;Borrower's Loxn Appllcxtlon; LeaseholAe.
<br /> Fiorrower`I�aU�KCUpy.establish, anc!use the Pr.o�erty as Bocrower's prtncinttl restdenc:e within sixry days nfter the execution of
<br /> Ihi.r St'�urlty InnlrunMnt•r�x1 .hald continue to cxcupy cf�PropeiKy as Borrower's prinetpal residence for nt least ono year after
<br /> Ih�:du�G of�xcupaiky. unlr++l.e�cicr utherK i�;�:agrecs Gn wfitiri�,wMeh consent ShuU not be unreasonably withheld, or unless
<br /> aatcouuting circum.ta�KCS rxis� whish are bcyor� �rnc►wer's control. Borcowar shuU nat destroy, damage or ir��pafr the
<br /> pruhrrty, uUow thc Hruperty tu dcicrio�at�,or commit wuste on the Praperty. Borrowcr shall be in dcfault if uny forfeiwtc
<br /> ur�h,n„r pnx;c�ding, wlxthcr aivfl nr criminao.�s Gegun Niut in Lender's good fuith judgment could rcsult in forfeiture of the
<br /> 1'ru�x�rty ur�whcrwlM:ma►erlully impair thc lien creatal by thf�Security lnstrumcnt or[.ender's sec:urity interest.Borrower may
<br /> ruic.urh u drf'uult utxl rein.rtute, uy providal in parag�aph 1 S,by causing the action or procealing to be dismisscd wlth a ruling
<br /> U�ut, in Ix��lcr'�. giH�l tbf�h Jetcrminution, Qrccludcs forfeiture uf thc Rormwer's intcrest in the Property or othcr material
<br /> imruiri►k�n �+f'dic licn crcuc�Yl hy�hi� Sccunty Instrumcnt or L.ender's sccurity intcrest. Borrowcr sheU nlso bc in dcfault if
<br /> If��uuN•cr,du�ing�I►�luan��pplicati�m pr�KCS.r, guvc mutcriully fulse oe ae�aceurute Infotmation or statcments to Lendcr(or fatttd
<br /> a,pr�ivfde I.�t►cicr v�cElc uny ma�eri�d infimnntirni)in rannortion with ehe ta�.�n evtdenced by the I3ote,including,but not limiteek
<br /> �u,repte�entuNcm��cN�:etmng Nrrrruw�r'ti oecupuncy of'the Pmpe►yy as a pris�c�pa!residencr, If thns Security Instrument is on f�
<br /> few�eM►W, tk►rrowcr �I«II a�mi�Uy with all thc prc�v��aom ot uFrz 2aa�e. �F Barra�wea s.s��irc� fee title'4p,the Propcny, ti�e
<br /> Irua�iu,l�l;u►d the fce�iNc a6�a11�o��t i�x:rge unletis[.cnct�r agrces tN che rreeeger in W-rieiaa�..
<br /> 7.Nnd�rtlou ot IAndcrb lZlyhtK fn thc 1'n►per�v.IC'Bnrrccwcr f:au65 to perform�C:e ccn•ennnts and agreements containec�in
<br /> Qii, lreurNy luwwnent, ur U�cro is u Icgul pnxticding th�t may tiige�i�erantly i�`:fcct Y.endcr's ri�thts in the 1'roperty tsurh as a
<br /> �ii�k��tiJU�µiri hankn�ptry. ��robutc, ii+r rumlcmnutiun or furlciturc��r t�u cnforcc luus�s regulatwns), then�L�d�ar n�uy do.mcl
<br /> pay Inr wiiatcvcr I+ ikrc��ury U��n►trct tlic vuluc ��f the Praperly und 1.enJer's e�ginzs in the Prapert;•. Lender`s urcip�s mary
<br /> �t'� '..L1..6 u.._ ...t....�.. .. r eh:c Cora�ritv O,,.rn�rne�t. aane•rrine IW SOU7a. p2Y1��
<br /> Uk�IUOC payinF QOy !cUn�ti �ttvmt i�7 u ncu �.n�... ....� p.......� .:'.�.. ...._ --- - .. _
<br /> ���,�u�uabti uttnnky+' lec,su►d cntering�m the I'ruJx;r►y ta nuikc repuiro. Although A�scanJer rnay take action under ehis paragrapt�
<br /> J,I.clMlrr d��cti nul Il;��r lu�lu n��.
<br /> Il��y onM�uni� df+hur.ed hy Ixndcr u��lcr tl�is paru�ruph 7 sh_.1 bccomc additinnul dcht of Bonower sccured by tEons
<br /> �,ui�iy (in�iunKnt. (lolc„ Iw►rr��wrr�cnd I.�ixlcr ugrcc ta uthcr ternn of'payment.the,e umounts shull bear interest from thr�
<br /> ��w1c ut �Il+hnrµn►cnt ul fhc N�N� rute nnJ +hull Ix payuble, witb intcFCst, upon n��ticc from Lendcr ta Borrower reysesting
<br /> 1►,�yn►�m.
<br /> N, �U�r�KwKr In+urwiN•c� 11 I�ndcr rc�uir�yl mortgug�intiurunrc us u�oncfitiun uf making the toan scc:ural by th(s Security
<br /> In+u�niN�nl. Ikn�uNCi' nh,dl pay �hc �►rcmium� rc�uV�ti�J t�� nu�intuin thc nwhbugc insur,�ncc in effcct. If, for uny m.�son, thc
<br /> nMU����pr lu+tucuk•►'P���'+I��l!C�'«{uffCd by 1.¢t�dc1'lupr�ti c►Y CCUSC�k�bC in CffCCt. Bottuwcr shall puy thc premiums rcquircxi to
<br /> „I,��,�u�,��ciaµe euhn�iutluilly cqulvnlcnt�u lhc ronrtgu c insurun�e previuutily jn effcct, ut a w�t substantiully cyuivalent to the
<br /> �n�t ��� Ibnu�wrr ul �hc nN�tlha};c in�urutu� ptevfuuti�y h� cl'f'ect. from un ultcrnatc mortgagc intiurcr uppmvcd by Lender. If
<br /> �.��,,,a Form 3028 9l90
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