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<br /> 'fhc Fwxis shull t►c: hcld in au� in�titutic+ii who�c �IeEx�sits arc in.urcd hy n frderul ugr��y, intitrumcntality, ��r cnney
<br /> ��n,��u,1�a�i r��ia�r,iF ImNirr f+:tiuch ttn(RStIIUlIl711)ttT�I1 UqY F�l�::ral Hanx[a�an F3ank.l.rixt�r.hcdl :�pp1y Ihr Fand.+tu�tiiv the
<br /> �umw Itzrnti.Leixlcr iuxy n�u rhargr Fk�rn�w•er fur hvltlin�a�x1 upplying the Fund�,unnuaily analy��ng ti�c r�cn�w arrount,ar
<br /> �•rrifying thc G.crnw lums,unle��I.eix�rr puy:�lk�rru��•er interest on tht Funds und iippllruble law�xrnnt�l.�iKlcr tu nuike�ucii
<br /> a ihArge. Nowever, I.eMier nnay rcyuire Horrawer ti��+:�y a une•tink chargc fur ua inJepe�dent nul estute iux re{��ning�,ervice
<br /> usctil by l.cndcr fn connccticm with this laan, unlcss applirxbir law pravides othcrwi�c. Unicss ;m ugrccnxnt is mu�1c ur
<br /> applicuble law requires interrst to t�{�id, l.encler tihull n+�t t�c rcyuired to pay&��n►wcr uny i�ucrc,t ar curning���n thc�uixl..
<br /> &►rrawur und I�:en�ter muy ngmc In a'ritin�s, ho��•evcr, thut intcrest shall 6e{+aid �m thc Fundr. l.cixlcr shull gi�c tu FHttruwcr.
<br /> with��ut chxr�e. nn unnwil urc+►unti�►�uf�li� f�u��+, �liawiug crcdits attd debits tc�the Funds ;�nd thr pur(so�r fe�r �vhirh �rnrh
<br /> de�it a�d�e Purxis was nu�dc. The Funds ure pluig�l us additianul security far ull sunts secunrf by thiti S�curity Instrunxnt.
<br /> If the�unais held by l.encirr exceed the nnx�unts permitted tu lx held by applicabla luw,i.c�xlcr shull u�cuunt to��rruwe�•
<br /> fur Ihe oxass�undfi in accaniance wtth the reyuiren�enlF of upplicuble law. If thr umount oi the Fu�xls held by l.ender at any
<br /> time i�not�uff'icient ta pay the�.Kn�w Itams whcn dur,l.eixlcr m;►y s:u notify BarraH•er tn writing,u�xl, in xuch casr Borrower
<br /> shall pay ta l.erxfer the amount ne�essury ta mxko up tho deficiency. &►tm���er xhall muke u� the deficiency in nc�mure than
<br /> twclvc monthly paymentti,nt Lcndcr's wlc cfiscrztlon.
<br /> Upon payment in full uf all sums secured by thiF Sccurity Instrument. Le��der shall promptly mfumi to Born�wer any
<br /> Funds hcld by i.ender.If.undcr puregrnph 21. I.ander shall ucquiro or sell the Pmparty,l.orxler,Priar ta thc acqulsitton or sale
<br /> of th�E�roneny, shall apply uny Funds held by Lorxler at the tlme af ucquisitiun ar snle ns a cred�t ugain+t the sums securecl by
<br /> this Sec7irtty(nstnun�ent.
<br /> �.A,�ii�at�O+r�f PAyments.Unless applirnble Imv pravides othenvise.all pxyments received b,y Lendcr under paragrnphs
<br /> 1 and 2 s[tatt bc:ap(slicd: first,to any pirepuyment charges duc under tho Note; sccond,ta amounts payuble undcr psrrgra�h 2:
<br /> third,cU intrrcst due:fau:th,ta principal duc;und last.to any latc charges duo undtr thc Notc.
<br /> q,Ch�rgea;Liers.,, F.for.r.ower shull pny all taxes,:�sessmenta,charges. fines und impositions uttributuble ta tbe Property
<br /> K�hi�� may attain priorit:sr over. ¢[ies Secunty Instrument, und teuschuld pay�aeuts o�•g�ound rentc, if uny. Barmwcr shalL ps}�
<br /> these obligations in the maimer pinvidAd in p,aragraph 2.or if not paid in that munner,Horrower shail pay them on time directly
<br /> to the person owed puyment. Boreuw�r stial:E�cai+nptly furnish to Lendcr nll notices af amount�to be paid undcr this pamgrrnh.
<br /> 1f Borrower makes the.se pay�necus�¢�i:n:-:�tfy.�vvrvwer shull promptly furnish to L.ender receipts evidencing the puyments.
<br /> Ei�rmwer shaq pminp6y�isr�h%,rae anY lien which h�pdonty ov�r this Securlty Instrumcnt u»less Borrowar: (u)agrees�iT
<br /> writing to the payment af the mt�l�fiy4iicion secumd by the licee 6►i a manner acceptable to Lender; (b)cant�ts in goat faith the�!en
<br /> by, or defends against enfor,c�eei��n� of the lien in, legal proccedinfie which in th� Lender's opi�ion opernte to pmvent tlze
<br /> enfoncement of the lien; or(cy sFC►ms fram the holder of the lien an agreement sutisfactory to I.ender subardinnu�rg rlte ti.en to
<br /> this Securiry Insuumxnt. If L.ender determi»es that uny part of tho Propert�r is subject to a lien which may attain pnorit�r over
<br /> this Secu�ity Instmment. Lsnder�nay give Bonower a notice identifying tFr�llen.Bormwer shall satisfy the lien or takc o+�e or
<br /> more of the actions set forth above within 10 days of the giving of notice.
<br /> 5. Ns�zard or Prope�ty Insurance. Borrower shal� keep the im�rovements ��ow existing or ficrcaRer ere�ted on the �
<br /> progw;rry insured egginst loss by fire, hazards included withnm.the tem► extended coverAge" und any ather hazards.,including
<br /> fldte:ls or floading, forwhich Len�er requires insurancr.o4aa�ii�mmicc stinii t,e�ainiair,c�!{n ihc a�wunis a��::.;:":r,�r3c�s,
<br /> ' that�I.eader requlr�.The insurance carder providing the.•Bnsurance sh�l.be chosen by Borrower subjtct to I.ende�r"ti approYaG � •'.
<br /> ' which shall not be unreasonably withheld. If�ar7qwer f�ii9s to_�it►�r,1��c�verage described abovee La�ndcr ;�:*�r, at Lender'a;.' ,
<br /> ' option,obtuin coverage to pratect i.ender's rigfits in uhe Pr���rrtv e���x��dnncr with paragraph 7. . �
<br /> All insurance polir_ies a�t ranewals shall de accepttc�+]e to L�n�Icf an� :i3►all include n standard mortgage e6 uSG. [,ender � .
<br /> shal,l have the right to hold the�07 icixs and renewals. If lxnder requeres,��rmwer sha10 promptly givc to Lend¢r�l��sipts of .
<br /> �id'premiums and nnewai naticcs, Jn the event of loss,$o•rrower stus��giv�prompt notictis to the insurana eurrier n�i�cl i..ender. •
<br /> Lender may make praaf of loss if not made promptly by HorroK�er.
<br /> Unless Lender and Borrower othcrwise agrce in writing.insurance proceeds shall be applied to restoration or repair nf ttie
<br /> . propaty damaged,if�he nstoration or repair is economicnlly ftasible and Lendcr's securiry is not lessened.If the restoration or� ,
<br /> rcpair is not xonomially feasible or I.ender's security would be Iessened, the insurance proceeds shall be applied to the sums
<br /> sceured by this Securiry Insuument, whether or not then due, with sny excess paid to Borrower. If Bnrrower abandons the
<br /> Property.or dcxs nat answer within 30 days a notice from l.ender that the insuranee carrler has offered to settle a claim, then
<br /> ��� may co��ect the insnrance procads. l.ender may use the prareads to repair or restore the Property or to pQy sums
<br /> socured by this Sauriry Inswment.whether or�nat then due.The 30-day period will begin when the nodce is given.
<br /> Unless L.ender ond Bonower otherwise!:�gree in writing. any applicutton of proaeds to principal shall not extend or
<br /> postpone thc dae dute of the monthly payments nferred to in paragraphs 1 and 2 or change the amount of the Qaymenes. If
<br /> under paragrsph 21 the Property;is•�c9uired by Lender,Bannwer's right to any insoirar�ee poiictes and proccods ne��ltin�from
<br /> damage to the Property prior to t9�c ucquis{tlon shaU pass to Lender to the extent of the�,ncsis secured by this Securit�lnsqument
<br /> immediately prior to the acquisition.
<br /> 6.poc�pancy, Preservatlon,Mnintenance and Pc�otectton o[the Property;Boerower's I.oan Appiication;I.eaxl�olds.
<br /> Borrower sMell oaupy,establish,and use the Property as 8urrower's principal residencc within sixty days after the execution of
<br /> this 5�curity Instrurnent and shall rnntinue to occapy the Property as eorrower's principal residence for at least oae year after
<br /> the'date of oocupency.unless Lender otherwise agrees in writing.which oonsent shall not bc unreasonably withheld,.pr unless
<br /> extenuating circumstences exist which are beyond Borrower's control. Borcower shall r�ot destroy, damage �ar impair the
<br /> property, ailow th� Propecty to deteriorute, or commit wastc on the Prope�ty. Borrower shall be in default if any forfeiture
<br /> • action or procceding,whed�er civll or crimeanal,is begun that in Lender's good faith judgment rnuld result in forfeitu�e of the
<br /> Property or othenvise matedaily imp�ir ttie 9ien created by this Security Instrument or Lender's securiry intercst.Borrower may
<br /> cure such a default and reiastate,as provides3 a�paragraph 18.by causing the action or procoed'+ng to be dismissed with a ruling
<br /> ' that, in Lender's gaad faith determination. ��scludes forfeitutr of the Borrower's interest in the Property or other rtwterial
<br /> impa�aitient of the licn creace�v3 by this 5ecunty Instrum�m��nT L.ender's sxurity intercst. Borrower shall also be in default if
<br /> Bora�wer.during tL'�e loan ap�+Uosaaac�n proacSS.:gnve�sV�TUnI�y false or inaocurate infom�atton or sta�sments to Lender(or failed
<br /> to plrovide Lender�svir�ar►y m�na¢er��l infome:e:a��n�.in m�mnc�:,�on with We loan evidenced by the 1Voc�,in�ludi�g,but not limitod
<br /> to,tTpresentadorr,e�cx�nceming R�rrower's�xti;:a��,p.�rnry mfi:`�.�toperty as�principal rcsidet�ce. IF this Security Instniment is cx►a
<br /> L�;as�hvld. Borrower ahali comp0y with a➢U tfii: provisi�ms af the lease. If Snrmwer acquBtes fm��z'ii1: ta Me.Ftaperty. the
<br /> C¢ar.��h:r1d and the fec title shalE ncpe merge unless Lend�P a+,,��rW�es to the merger in wri[ing.
<br /> T.Protoeifon of i.ende+r's Rights in t6e Propetty.Uf fec�rrower fails to perfotrer•ttr�covetvtyts�d�gt�or.rr�;�r►s contained in
<br /> this Security[nstntrnent, or�Gr�ere is a le�at�tvocecdtng t6nt muy significantly affec:t Qxrrdei s r�g�scb in ti.,rte Pt��apeuq isuch as o
<br /> pmcecding in bankruptcy,prnbae�. fnr corrdannation or forfeiture or tu enforce laws ar reg�fa�tiorrs.J.elv,rn I.a�der may do ara�
<br /> nav for whatever is necess�uy ec,�r�cccn c�rc'vulue of the Prop�rty and Lender's rigftrs in th�e Pt�Pe+�y. Lender's actions rtrs�+
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<br /> include paying any sutns s�:ui�a3 by 1 iten wpicn nas prionty over cnis �eccmt.y Fr�sin,meni, ap�c-arir� ��;�.:zri;;�. �r����
<br /> reasonable attorneys•'fees aa�d:c�ircring on the Property ro make repa�rs.AlthougR li.�nd�;r rrwy take actlan w�d;.�tl�is paragraph
<br /> 7.Lcndcr doe5 not hsve to do so.
<br /> Any aniounts disbursed by Lender under this parugraph 7 ahall become additional debt of Borrowcr secural by this
<br /> Security instrument.Unless Borrower and Lender agree ta other terms of payment.these amounts shall bear interest from the
<br /> dute of disbursement at the Note rate and ahall be payable, with interest. upon �x�tice fro�n Le�xler to Borrower requesting
<br /> PaYment.
<br /> 8.Mo�tgAge it�ttrAnce.If Lender required mortgage insurance as a condition of making the loan securod by thts Security
<br /> Instrument, Ek�rrower shall pay the premiun�s required ta maintain the mnrtgage insurance ro effcct. If, for any reason, the
<br /> mortgage insurance coverage rcquircd by Lencier lapses or cexses to be in ei'fect.Borrower shall pay the premiums requiral ta
<br /> obtain covcrngc substantially equivalent to the mortgagc insurance previously in eFfixt,at a cost s�abst7ntially equivatent to thc
<br /> co.r•t to l3orrowcr of the mortgage insurnnce prcviously in cffect. from en �Iternatc mortga�e insurer approved by Lender. If
<br /> ' , � Prp�2 0l 4 r�o�,�2e �roo
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