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<br /> � �$-. ��81�.9
<br /> Thc Fu�xls shall be hcid in an institut�on whosc deposits aro intiurai by A f�cral agency, mh rumenta ty, or cnt ty
<br /> (including I.xnder,if Lender ie such i�n inhtitutlm�)or in uny Pederal flume I.��un Bimk. l.ender shull iipply the Fund.ti tu pny thr.
<br /> Rartrnw Itrmc I,�ndcr ruv nat cltnrua liorn�wor for huldins.uncl Applyinb thn Funds,nunually unulyxing thc cscrow�ucaunt,��r
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<br /> vcrifying the E�.crow hcni�, anl���t..t:ndcr pays Barrawer lntCrest on tha Nundti imd uppIicatrle taw pernn���.�:nur� i���ux�c n����
<br /> a churge. Huwever.Lender mny reyuirc&irr.�wc��o pay n nne•tin�e churge fi�r;m inde�x��ulent n:al estato tiix re�xmin�t srrvicc
<br /> ut�cd by l.cndcr in c��nn�c:tiun with this I�r,m, unless upp►icuhic lc�w pmv�dcr oth�r+vi�t. Unlc�s an c�grcamcnt I�: nuide or
<br /> upplirublc luw requires intcrest t��hc pafd, Len�cr shnll n��t bc requited tu pay Hnrrsnver nny int�:rest ur c;�rnin F on thc F'�nxiti.
<br /> Hnrmwcr und l.c�xicr nuy �gra:in writing,h��wivcr,thnt interc.t stiull l�a puid on thc i'u�xls. l.c�xlcr,hall g�vc In Harrc►wcr.
<br /> �vlthaut chnrgc. im iuinual accnunting of thc Fmxls,shawfng orsdits��nd dcbit.t�i thr Fu�xl,a�xi thc pury�nsc fi�r wl►icl�ca�:h
<br /> deblt tu the Futxta wu� nurdu.'1'he F'w�l+ur¢�?Icdgcd r►.�JdlUouul n+'iurity� fi�r a!I suni+tiecurcd hy thiti Serurity Imtrun+ent.
<br /> If'the Fu�xls I►cld by l.eixler cxrceJ tho wiiN�unte pennfttcd t�hc hcld by upplicuhlc luw.l.��xlcr.hall urruui�t tu Fkirtowcr
<br /> tiir the cxccsti Funds i�i a�rardancc with Ihe rryuire�ixnt�ot'applicuhlc luw. IP d�e unµ►unt of'thr 1'u�xlr hrld by lxi�lcr at uny
<br /> liuK ix iKN tinfficlen!te�p�y tlK Eikr�►w f�emy wtien duc. l.e�xler nwy w+natify li��rruwrr in wrili�ig,uixl,in such cax�liurrower
<br /> tihull �y ti� l.rnJer thc umwnt ixrc+vury tu nu�kc up thc d�:ficic�xy. li��nowcr�hall nwkc up�bc deficicixy in nu nK�n�than
<br /> twcice nNmthiY puYn�eru+,s�t I.�ixler'�M►Ie�IlW:reti�m.
<br /> UM�n paynxnt i�i fuU ui� ull tium� u�:ur��l by thi�; S�YUrity Instrunxn�. l.cndcr �hull prmnptly rcfuixl t�� Harrowcr nny
<br /> �wxis held hy l.c�xler. if,wxlcr�raigruph 21, I.�ixlcr�hall utyuirc or�ell th`Prupeny,l.e�xier, prmr tn the acquitiition c�r snle
<br /> uf�hr Pn►perty. shull a�ply uny Furxiti held by Lsixler at thc tin�e of ucquisitiun nr sala ns u cr�lit aguinst the sumti secunxi by
<br /> this Sccuriry[nstrunxnt,
<br /> i.Appllcatlon o[IhymentK.Unlcss applicable 1aw provides othotwise,ull puyment�re�civcxl by Lendcr under purngrupl►s
<br /> 1 und 2 shall hc upplfed:l'ir�t, to any prepaynunt charges due under thu Note: secoixi. to mnounts puyublc undcr paragrnph 2:
<br /> third,to intcre�t duc:f ourth,ta pri�ticipal due: and 1ast,ta any late charKcs due under the Nute.
<br /> 4.Charg�s; l.len.v.Barrower shall pay a!I taxes, assessments. charges, fines an�i im�x�sitions uttribu�abte ecr rJ.��e Propeny
<br /> which may attain priurity uver this Security Instrument, unJ tcasehuld payments ar ground rents. if any. B�oR�uvJEr'�l`r�E Puy
<br /> thcse obligations in the nunncr provided in pnrngruph 2,or if not puiJ 1u U�ut munner.Borrower shnll puy tt��:xr wa 4a:�dem��lY
<br /> to the person owed Payment.Barrawer sh,all promptly furnish to Lender all notices of:tmounts t�be p:��r�czcic:c►Cn6s Rara.¢r�Ph.
<br /> lf Borrower malces theso paynients direct6�,&�rrower shall pramptly furnish to Lender rartptc evidencing ehe pa�ments:
<br /> Borrow�er shull prompaly disclzarg�;�.�:�•Il4zin which �eas prionty over this Seeurnty�nstn�mear.�cn.le�s Bczi;ca�v�er: (1)agr�e�i��
<br /> �uriting m the rAyrnens af the oi►lignti�n tiecured bv the�ien in a manner accertablc to 1Lende�:(bl�v�n[c�tv in����xl fuith the iiert
<br /> by, or defcnds again�r,ec�Q'orcement af the licn in. Ic;r.r.i! �roceodings which in fl�e 1Leadcr's apinr��n uFeruvc co prevent ti�r
<br /> enforcen�ent of the lien;or(�) secures from the holder znk'�Q.r lien ua�agreement snli:,iarzoty tn Airn�tr.ulx�r.iia���aa»L the lien t�� _-
<br /> this Secu�ity Instrument,If I.ender determines that un}� p�aet uf ttie Prmperty is subject to a licn �+•hich may attain Qriority��4e�
<br /> lhis Saeurity fl�strument,l..ender may give Barrower a atvtE1e identih'_r•ing thc lien. Bnrrower shxil satisfy the lirn or tu3;e one cor
<br /> anxi�re of the actions set torth above within 10 days of th��,�iving of notice.
<br /> 5. li�rd or Property Insurnn��c. Borrower.�;�hEill keep the improvements now existing or herenftcr erected a�te �he
<br /> �;?•qpeRy insured against lass by fire,hazards inclu�teo! u�fhin the term "extended coverage" and any other ia.�r.a��1s, inclqd+ng
<br /> :i,00ds or llooding,for which T..ender requircs insuranc•i. Thts insurance shaU be mainteinecl in the amounts an.�'ios the pet�cx�a
<br /> : that l.e��der rcquires. 'llie insurance camer pruviding ii�c iuswniKC stiidi bi:ch��n by liarsa::ti:;ubject:�:L:s�'er's n��,'��'-'1 .
<br /> • �'.�`.�•'�which shall not be unce�sonably withheld. If Honnwer fails to maintsiin coverage dGSCrlbed a����•e, i.crid2r muy. at Lendc:y's
<br /> • ' •. qption,obtain coverage to procect L.ender's rights in the Property In accordance aith paragrapb�. • •
<br /> All insurance policie•s and renewuls shall be acceptable to L.ender and snall include a scandaeil mur��:srRr:clause. l.ender � _
<br /> � •sfi!nll hnve the right to Fal�is iha policies and renewals.[F Lender requircs.Borro�nc:r shall promptly give to�tncic:r�all receipts of _.
<br /> •��pv,,tid premiums and remwfil notices. In the event of loss.Borrower shall give proum,i r.atice ta the msurance,�:anricr iuxi LendGr. .� ,��_
<br /> Lcnder nury make proaf of I�.�s if not mude promptly by Borrower. �
<br /> • ,�.•� Unless I.cnder�a�d gorrower otherwise agrce in writing,insur:u�ce proccxxis sl�all be appliecl to restoration`br repair KnT•rhe .
<br /> • , :F?tqpCrty da1Y18�Cd,if tIx riGstoration or rep�tr is economical{y feusiblc and I.endcr's security is not lessened.If the[�estatnr�ron�or.
<br /> �• xcpair is not aconomtcall�';�easible or i..ender's securitS��vould be tessened,the insurnnce proceeds sh�ll be u,�pf��d to thq�sUmS
<br /> ` secured by this Security���nsttument. whcther or not:then due. with any excess paid to Bormwer. If F3c►nrc+aver�banclons the
<br /> . •Property, or does not ans�ver�within 30 days a notia �rom I.ender that the insurance carrter has offered tq s�;ttl�,a clairn; ihen
<br /> Lender may cullat ttie insurance proceeds. l.endor�may use the proczed+ to repair or restore•thC PFy�:�,q�' tu paY sUm�
<br /> secured by this Securiry Instcument,whethei'or not then dua Thc 30-day period will begin whet�the r.4oste :id�glven. •� •.
<br /> Unless Leoder :�nd Borrower othenvis� ugrec ifi writin�. any applictttion of proceeds�to principq�`sb�111 not axtrnd or
<br /> , postpone the due date of t�he monthly payments rafcrrcd ta in paragraphs 1 and 2.or change the ahws�n����of the paymcnts: !f �
<br /> under paragraph 2t ti�c Pa��periy is acqu�red by Lendcr,Borrower's right to any�insurnncs polic{es and proceeds cesult{ng from
<br /> �'�d�utwge to the Property p�+ior to the acquisition shall pass to l.ender to the extent nF the sums secured by this�ecura�y.UstrµmCnt ,
<br /> immediately priorto theacquisition. � ' ' � '
<br /> ' 6.p�cbppncy,Pr�servation,1Natnten�nce and Protection o�3he Property;gorro'+ver's I.o�n Applkatlon;l,,e�.t�0�nl;Lg:
<br /> • Bormwer shall occupy,esteblish,and use che Property as Borrower's principal rcsidence within siaty days after the a��.�t�iv�of
<br /> utis Security Instrument and shall continue to t►ccupy tbe Prop�rry as Burrower's principal residenee for at�rtiss.one year x�er
<br /> ' � the date of occupancy,unless Lender otherwise agaces•in writing, which consent sha11 not be unreasonably�s�•itfilteld.or unless
<br /> , � .exlenuating circumst�ncr.s exist which ure beyoncl }3orcower's control. Borrower shall not destroy, d�taa:�tga 4r impair the
<br /> Propeny. atlow the prop-.rty to deteriorate. ur cv�mmit waste on the Property. Burrowcr shall be in dei�u]� if�ny forfCiture
<br /> . action or pra:eeding. xhether civil os'rrimi�+u9,�+a,�+cgun that in Lender's good faith judgment could reswl;.n�.farfeiture af the
<br /> , Property or othetwisc materially impa,ir tha:i�ir.a'auated by this Security Inst�ument or Ltndcr'�;sccurity 5rtte��:ti�:�rrower may
<br /> cure such a default rnd reinstate,as pEovide:7�m.3��ri"�'aph 18,by caustng the xrtnaa or proceoding to be c9o�2nics�d with a ruling
<br /> � t�at. in LendcPs goe�d faith determicu�tion,.�t�r7udes toxfeiturc of thc 8ar.cowti.r's interest in the Pr�pc�� .ar:iother material
<br /> irnpaimunt of the liencrcated by Qhis Security D'a�stru•rnent or S�s+r�r's sa:a�r;�u�•untercst. Eiorrower shaFE�tls��.�e a.�alxtault if
<br /> � �Epnowcr,during th�loan�pplecati�n pr��.rss,gavr mai.rially �'�':s�r�r inaccucate inforn�atic�n or stetcmcnts t��l.lrci�..w'Qara'�s3�ed
<br /> ,'• tn provide Lender wit�amy muatet'sat•ir,fonnation)in coru�ection wic14 the laan evidencod by the Note.includirg.0�:nvt limitod
<br /> ' tm,rcprcsenwtions concem�r�Qorrower's occupancy of the Property ati a principal resldencC.If this Securlty[nFtrument is on a
<br /> leasehold. Bnrrower sh�l}q cu�mply with all the provisions of the lease. If Borrnwor ucquires fev ttdc to the Propetty. the
<br /> te:uchold ar►d the 1'ce tiile shall not merge unlcss Lendcr agrecs to thc me�er in writing.
<br /> 7,Protectinn otLender's Riqhts in the Property If Borrowcr fails to perform thc r�vcnants and ugrcemcnts conta4nal in
<br /> this Securiry Instrument, or there is a Iegu{ procecding that may significantly af�ect Lcnder's rights fn the I'ropeny (such as a
<br /> procceding in b•rnk�pcy,prob•rte. for condemnation or forfeiwrc or tu enfnrce laws��r regulations),ihen Lendcr may da m�d
<br /> pry for whatcvcr is necea+ary to protect the value of thc Property •rnd Lcncler'� rights in thc Pro*erry. Lendc�s actians nsay
<br /> in►�lude n•rvinA any sums s�:curecl by u lien which has priority uver this Scrurity Instrument. hppcaring in court, paying
<br /> ..�_ _��.�:_.._ ....a.
<br /> rcu.umiable�uttorneys'fees and entering on tne rroperty to maics repairs. nicncugn urnior n�,y iuRa w.�����.�..:. ....o r-•-c•-r•
<br /> 7,Lendcr dtxw not harc tu do so.
<br /> Any amnunts disbu�u:d by Lcndcr «ndcr this �vragraph 7 bhull M>cumc uclditionul dcbt of Borrowcr sccural by thi�
<br /> Security L�stn►mcnt. Unlcss Borcowcr und Lcndcr a�rce to othcr tem�s of paymcnt, thcsc umounts �hull txar intenwt from thc
<br /> date of disburscment nt thc Notc rnte uixl shall bc payublc. with intcrc�t. upon noti��c from Lcndcr tu Bo�mwer ncyucsting
<br /> puyment.
<br /> 8.MorfgAge Insuranec.If LetKler ra�uired tiwrtguge insuruna:us u candition of mnking the Inan xcurcxf by this S�.�curity
<br /> Insirument, Borrowcr shall pay the pr�emiums required to maintuin tho mortgu�e inwranco in eFfect. If, for any rea.um, the
<br /> mnngagc in�urance coYerage r�quired by Lender IaN�cc or ce�see:to be in effoct,&�rmwer shall pay thc prcmiurm reyuin�i tu
<br /> obtain cuvcrngc sub,t�ntially :quivalent to thc mongage inwnuxx prcviously in e(1'cr.t,ut u roat wbstantiaUy cyu6vaicnt tu thc
<br /> cost to &�muwcr ot'ihc morcgagc insur.inrc prcviuusly in effcct. from un ultcrTwtc tm�rtgagc insurer approv��l bv f..c►►dcr. If
<br /> ' v.q.�o+a Fam 3028 0I90
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