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<br /> Thc Ftmds shall bc hcld in an tn�tltutiim who�c dc�x�.h� s��c lu�urcd hy u fc�lcral ugcnrv, imtrumcntulity, c�r entity =
<br /> lincludii�lA��icr.if Lcixlcr is�uch un in+titutianl ar in uny Fcdcru{ Huuk le,an Hank. l,cndcr�hall upply ttic Ftutdx tu pay N�c
<br /> t?�cruw Itcm.r.l.�ndcr mu��nut chur�;c l3urruwcr fur haldinb und�ipplying Ihc f'uads,nnnuully�malyrir�g thc escruw ucraunt.or
<br /> .....�a.a....�a..�.........,u....... ..�.�....- �.,�w�...�,�,�. fi�vr.�w�r intrm�t nn�h�•Fnn�i*untl annlicuhlr l��w �xrmi�+IAndcr to makc,urh
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<br /> n rhargc. Ni�wcvcr, Lcndrr muy rcyuirc Harruwcr ti�puy�;�anc-tinx char�;c fnr�tn iixic�xndcnt rcul estmc tux rc�x�rtmg scrv�cc
<br /> usc�l by I.c�xlcr in cunncction with ihiti loan, unlc.r uppllcablc luw� p���vidc. alhcrwi+c. Unicti+ an ugrccn�cnt is �nudc ur
<br /> applirublc luw•rcyuires intcrest a�lx:paid. L,cn�lrr shull n�,t t+c rcquircd tu puy Borrowcr uny intcrctit.►r c+�rnings un thr�unds,
<br /> H��rri�wcr a�xl l.c�xtcr muy ugrcc in writing, hn�vc��cr, thut intcrc�t shall t+c puld un ihc f'unds. l.cndcr tihull gi��c t��H��rr��wcr.
<br /> witha�ut churgr, un unnuul uaY�u�iti��g uf Ihc i'uixls, sh��wing cn,�iitti und dc6�ts ta Ihc Fuixiti uud the pur}x►.� fur which curh
<br /> dcbit ta U�e Funds wnti madr.Thc F�ui�1+�uc plcdgcd iis udditinnul sccurlty fi�r ull sums ticcurcd hy this Sreurity ln�tnimcnt.
<br /> If thc Nuixis hcld by Lendcr cxc�titil�he riuuuut,{x:rntittcd tu h�:I��Id by applicablc la�v.l.cndcr ghall nrc„unt to e��rraw�r �-
<br /> for the excess Funds in accordunrc �vith the reNuirements of uppUcahlo lu�v. If the umount of the Fund�helJ by Lcixler at uny
<br /> time Is not sufticlent tu puy the F.scrow ltcros when due, l.ender muy sa noflfy&�rmwcr in writin�,und,in surh rusc&�rruwer
<br /> shall pay t��[xnder tha nmount necesu�ry to muke up the deficloncy. H��r���wer snull mukc up the dclicfency in no iiion th�n
<br /> twelve manthly payments.nt Lender's s��le discrctiwi.
<br /> Upnn payment in full of all sums secureci by this Security instrument, l.ender shull prompQy rcfund ta Bormwer uny
<br /> Funds hc(d by Le�xler.If,under pan�gn��h 21, Lender shall ucquire or�el)the Prorcrty.I.cndcr,pru�r tc�thc ucyuisidon��r udc
<br /> o£the Pra�cat,y,shull apply nny Fw�ls MetJ.by l.ender ut the time o1::��quisition or u►le u.r•u creciit ngiiinst the cum.rccurcd by
<br /> chis Se�curicy IFiaerument.
<br /> 3.A�►1�tion af Payments. Unl.ess 2[�licable Isw provi.des c�r.ITeiv.ise,all puyments received by I.ender under paru�mphs
<br /> t �u�2 shal!be applial: first.to uny�r.epayn��u rlt:u�e�due u�.nd.er�hc Natc; second, to stmaunts puy:+ble undcr parngmph 2;
<br /> tb.irct,to interest due:faurtt�,to pr�nripa[duc;atx�l:�s�,r.v a�iy tato cRsrges due under the Nuta.
<br /> 4.C�arges: Lien.9. Borrower sha��p:.ey aEl taxes,assessments, charges, fines und impositians nttribuwbte to the Praperty
<br /> ��ntch may atcain priurtty aver this Sece►ricy Inslrument, ami leasehv[d puyments or sround rents, if ony. Bormwer shall pay
<br /> these obligativrts in the manner provide�i�e pamgrnph 2,or if nod pai�;ea thut manner, Borrower sltall pay thcm on time di�tctly
<br /> ta the person owedpaym.ent.Borcawer shull promptly furnish to II.er�#er�tl�wtic�.�s oF amounts ca bc paid under this p�r�n.l.�t.
<br /> If Borrower makes these Qayatents directly. BorroH•er sC�all promptly Ge�mish to Lemdet receipts evidencing the puyments.
<br /> Bomnwer shall pro�ni+pQQy dischurge uny Ifen which has prionty over this Sec�:4an•Instni�mnt unless Borrower.(n)uSn� in
<br /> writing ta t14e payment uf the abligation secured by the lien m a manner ucceptabi��u L.ender;(b)contests in good faith the Ir.en
<br /> by. or dcfc�s agalnst enforccment of ttte lien in, legal �+nx�rw�lenes which in thc I.ender'� opinlon operate to prevent R{te
<br /> enforcemec�r,a�(i the lien:or(c)secures Econn the halder of the lick4 z,.�agreement satisfuctory to Lc:nder subardinating the liern to
<br /> this Secudc� lnstrument. If Lender det�e�anr.�es thnt any part of th�'Pr�,perty is subject to a lien which may attain priority aver
<br /> this Security Instrument. L.ender may give Borrower u nottce identi{�°ing the lien. Bonower shall satisfy the lien or tuke one or
<br /> morc of the acttons set forth ubove within 10 days of the giving of notice.
<br /> 5. Ha�xrd or Property ItLSUrance. Borrower sEnall keep the improvements now existing or hereaftcr emcted on thc
<br /> Pro�eRy ins►ired against loss by fi►e, hazards i�clud�vi within the term "extende�l mvernge"end any other hazards, including
<br /> floods or tlooding. for which l.ender c+equires insurance.This insurance shall tx:rnaintained in the amoun�s and for the periods
<br /> thut Lender requires.The insurance carne�providing the insurance shaU be chosen by Borrow�r subject to I.ender's approval
<br /> which shall not be unrcn.wnably wlthi�etd. it uorraweE.i'aiis io maintui�i c�vara�e�a�crits:M awz�• 1-e.�+e'snaY• "-t I.ender's
<br /> �.*pdon.obtain coverage tu�sotcct i..ender's rights iix c}ee:E'roperty in accordance with paragraph 7. _
<br /> All insurance policirs and renewals shall be acc�;p�able ro Lender and shall Include a standard murtez�e clause. l.ender _
<br /> yb�all have the right to hold the palicies x�d!renewuls,•HJ fl.ender reyuires.Borrower shall promptly give to Lender np rtceipts of
<br /> paid pnema2:n.�s and rene�va!notiees.Ir_C�t°.�vent of loss,Rc►rmwer c6sall give prompt notice to th�insurnnce carrier und L.ender.
<br /> I.endcr may cs�ake praof of lass if not mui�r promptl�by 8arrowe�.
<br /> Unless Lender and Borrower otherwise asree aa�a��nting,tnsunince proceeds shalt be upplied to restoration or repair uG,ihe
<br /> Property damaged.if the restoratton or repair is ecan��n,ically fcasiblc und Lender's sccuriry is not lessentxl.Ad ahee�estoration or
<br /> repair is rwt economicully fea:,ible or I.ender s set:i�riry would be lrssened, the insurnnce proceeds shull be a�p�liod to the sum9 .
<br /> secured by this Security Instrument,whet¢�er ar riut then duc, with any excass paid to Bo�vower. If Borr�wer abandons the
<br /> Property. or does not answer within 3kU cifi}�a a notice from I.ender that the insurnnce currier har>offered tpoemttle a clai�'mY,chen
<br /> L,ender may callect the insurance pr��eeUs. Lencler may use the proc.eeds co repair or restor�e thr Pro or ro sums .
<br /> securcd by this Security Instrunxnt,wY��a1��r or not then due.The 30-dny pedod will begin wh�n �he notice is given.
<br /> Unless Lender and Borrowcr othenvise agree in writing, any epplication of proceeds,tv� princlpal shall oot extend or
<br /> postponc the due date af the monthly payments reF�.rred to in puragraphs 1 and 2 or change tb�e nmount af the payments- lf _
<br /> under paragmph 21 the Property is acquired by l.en�er.Borrower's rlght to nny insurance�ali�izs and prax.rods resulting from
<br /> damage t�ths Properry pdor to the acq��,iositlon shall pass to Lender to the extent of the sums saeured by this Securiry Instn►rreent
<br /> immodiatc�prior to the acquisition.
<br /> 6.Oocup9ncy,fi�ervatton, 111ainten�nce and Protection o[the Property;Borrower's La�n Ap�plication;Lwset++i`1•ib.
<br /> Borrower shall occupy,establish.and use the Property us Borrower's principul residence within sixty days atler 1he execution of
<br /> this Security Instrument end shall continue to a.�cupy the Property as Burrower's principal residence for at Jrast one year after
<br /> the date of occupancy,unless Lender otherwtse agre�►in writing. which consent shall not be unreasonably withhetd. or unless
<br /> extenuating circumswnces acist whirl��sr beyond Borrower's control. Borrower �hall not destroy. damage or impair the
<br /> Properry. allow thc Property to aletccnc��:rc:,ur rnmmit wastc on the Property. Borrower shall be in defnult if nny fortnture
<br /> action or prax�eding,whxiBter civil c�.srirninul,is be�un that in l.ender's good fuith judgnxnt could result in forfeiture of the
<br /> Property or othent�csc:eua:rtedally impair the Iten crers�c.�by this Security Instrume n?or l.ender's security intea:st.Borrowe�maY
<br /> cure such a defa►�di.acid rrinstate,as providad in parx�.r-;r�h 18,by cuusing the ac¢en�n o�procealing to be dista�issed with a ruling
<br /> that. ir► Lender's good faith determinution,preclu��s ��orteicaee of the Borrc►wer's interest in the Propeny or other materid
<br /> impaim�ent of the lien crented by this Security Instrument or k..��der's secudty interest. Bomower shall ulso be in default if
<br /> Bomower.during the loan application proces...guve materiafly fo,lse or inaccurate infom�ation or sucements to Lendcr lar E.u�ted
<br /> to provide Lender with any material infornution)im m�nection with the loan evidenced by the Note,including,but raa 1im,o:ad
<br /> to,representntions rnnoeming Borrowar's occupan�y of the Property as a prinr��:+l re�idence.lf this Seeu�iry Instrument is on a
<br /> Ieasehold. Borrower shull comply with all the Prmv�sions nf the lease. If Berrower acc6uines fee ti�te co the Property. the
<br /> lcaschold and the fcc titic shatl not merge unless Lender ugrees to the mergcr in writing.
<br /> 7.Protection of Lender's Rl�hts(n the Propecty If Borro�ver fails tu perfom�the cove�vznts�nJ agreements coRtair�ed in
<br /> this Scti�urity Instrument, or thero is�[egal praceading the+t may signific�ntly affat Lender s rights in the Pruperty f s�cch as a
<br /> proceedins in bankn►ptcy, probute,for condemnntion or forfeitum or to enforce laws or regulutions).then Lender►n�ey da;ud
<br /> pay for whatever is necesuiry to protect the value of the Property ancf Lender's rigBts in the Propeny. �l.ender s accions rcuY
<br /> include paying any sums secured by a lien whtch hns prionty over this Security Instn�ment, appearing in court. nay�ns
<br /> n�n�fuie attomeys•'fces and enterin�on the Propeny to makc reQairs.Aldiough Lender may take action undet this ��ru�agraph
<br /> ?,L,e+�dre dcies not huve to do so.
<br /> /4.��p amounts disburscd by fai�der ander this paragraph 7 shall becomc additional debt of Horcowcr securcd by this
<br /> - d�{of disburscmentUt Ithe ivote�rate and hull bc�pay�bte.�tw th nterestP pon nut eefrom Len�ier�t Borrrowcr�requctiti g
<br /> := paynient.
<br /> 8.Mortgage Imuiun�e.li'C.�nder requirod mortg+►ge imur��xY us a cnncfition of maktng the la;in�urcd by this Secunty
<br /> , Instn�mcnt, Borrower shull puy the prcmiums requfrcd to maint�in thc mongagc iasur.�n�r in effeci. If, for uny rcau�n, �h�
<br /> n�ortgagc insurance covera�a i�:ynin�cl by Lencier lap.r•es or��casc+to bc in cf'1'ect,&�rruwer shail pay thc pnmiums rcyuirccl to
<br /> obtain coversgc substantially equivalent tn the mortgagc insur�ixr previously in cff��t,ut u�w�t substuntiuily cyuiv�lcnt tu thc
<br /> cost•to Berrowcr of the mortgage insurame prcviously in eff��ct. irom an ulternate nwngugc insurer approvcd by lx��cr.If
<br /> � P,a,,o,. Fwm 302a e+�o
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