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<br /> . 97— 1a68� �~`;�;��- _
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<br /> Bortow�t �aorow account under the lederd Real Estele Settbment Procedures Act oi 1974 as amended hom tMrn to tYn�, 12 U.S.C. "'�:A�.:��1��
<br /> :•,:S:i�..iclil�dt���
<br /> � 26p1 et seq.("RESPA'),unMss tnother law that�ppibs to the Funds 6ets t kssor amount. If so, Londer may,at any tfrtw,colbct and ��. ���___,�V
<br /> hold Funds fn an emount nol to exceed the lesser amount. Lender moy eslknsle the amount ol lunds due on the basls of curtont data . „ �,.�
<br /> and re�eonabw satknatas of expendkures ot tuture Escrow Items or otherwbe in acc�rdance with eppiicahle law. ,. ; �,
<br /> The Funds ahail be held h 8n hstkutbn whose deposlts are hsured by a leder8i agency, Instn,mnntaitty, or entfty (�Cbdhp .
<br /> Lender, H Lender Is euCh an InStRution) or h eny Federal Home Loen Benk. Lander shflll apply the Funds to p6�y the EsCrow ItMns. . t;�,,.
<br /> L�nder msy not ohRrqs Borrower lor holdHp and apphhg tho funds, annualty anayzing lhe eSCrow actoun6 or verNyMp the EeCrOw �,;�."•
<br /> itoms, unMae Lendir peYS Borrower interest on I�e Funds and applfc+ble Yw permit5 Lender to make sucn a charpe. Howww,Und�r * :��fi��N�
<br /> m�y roqulra Borrower to pey e onatlmo chnrge lor an N�dopendent real ostota tax roport„g servfce usod by L�nda► In oonnsatbn wNh .
<br /> thla ban,unMts�ppNO�bM kw Providls otherwtb�. Unlase an �arNmsnt is m�de or opplbabb kw requfres IntK�el to bo Paid�Lond�r ; ,rl, ;G;.,�;•.
<br /> -j �:�•- �.
<br /> M�N not b�nqulnd to p�y Bonowsr tny htanst or Nminqs an th�Funds. Borrow�t md L�ncftr may tgrM In wrRinp, howwM,that H4;��5�',.::-
<br /> _;r,,,�.�— yy�W;,;� ;n�;t ts: F;,ld on th� FundE. I��ndK �hall gN� to Bonowlr, wMhoul ohtrp�, �n annual �ccountlnp of th� Funds, thowbp � �._.,;,,a%1..:.s'Q:�,°..-
<br /> •� "° or�dRs�nd d�bN�to lh� Fund1 md Ih� purpot�for whbh NcA WbN ta Ih�Funds w�o mi�. Th� Fundf�r�pNdp�d ��addKbnal . �..-� w�� ,
<br /> .''�.�.aa;nr.
<br /> t�CUrky for�N wm� t�cund by thls&�curRy InllrumMrt• ""`""""°'—
<br /> . �r:a.,n.�-:-•—.-.
<br /> if th� Fund� h�ld by L�ndN�xcwd th� amountl p�rmNl�d to b� hdd by�pplbabw 4w,Und�r eh1N�CCOUnt to Bortow�r tor th� :;,:�_i,;;,��--_--
<br /> :t{��'.:�.—
<br /> �xC�af Fund1 In �cCOrdl�nc� wRl th�r�qulr�+rnnts of applbabw I�w. II Ih��mount ol tho Funds h�ld by L�nda �t any tim� li not • ,;`_.-
<br /> suflbNnl to p�y lh� E6crow It«ns when du�, Under m�y eo notl}y Borrow�r in wrRhq, tnd, In such Csse Borcow�r shall p�y to Und�r , b„__
<br /> the�mount n�c�s�ary to mako up the delblrincy. Barrower shdl rtuks up tht defblency h no maro than tw�N�monthly p�ymsnte, at j xiv.�=
<br /> ::R':p o�
<br /> I.�nci�r'e soN discrotbn. v"`�—
<br /> Upon pnym�nt In lull ol aN sums aecured by thl9 Security Instrumen6 Lender shall promptly relund to Borcow�r�ny Funds hsld by �;Y^——
<br /> •• L�nd�r. If, undar parqyreph 21, Lender shtll acquke ar 5811 th� Property,Lender,prlor lo the acqukition or 6aM of the Prop�Ry,shAp _ _
<br /> Qppty�ny Funds hatd by Lander at the tkne of ecqulsNlon or sale as a crodit ppahst the sums secured by thls SocurRy Inswment �_:��._�
<br /> .� t• 3,AppllcaUon of Payments. Unless appifcable law provides otherwise, all payments received by Lende�under parayrephs ���=�-
<br /> t� 1 tad 2 sh�N bs�ppiled: fkst,to nny prepaymmt chtrqes due under th� Note; second,to emounts payabM undar parapnph 2;thMd _ _
<br /> :< to Int�rest dur, fourth,to princpal dv�; and last,to any late charges duaunder the Note. ___-_:
<br /> 4. CFIl�QEi; Lien�. BoROwer sh�ll p�y au taxes, assessmenle, chnryes, fines and Impositions �ttrWutabb to ths Propsrty =_�—
<br /> -�, whbh mtly attain prbrity over this SecurNy In6lrument, end leasehold payments or pround rents, if any. Dorrower shall pay these �;,��.�._
<br /> obUpatbns h the manner provided in paregraph 2, or R �ot paid {n that manner, Borrower shall pay them on tkne dkectly to the person
<br /> � owed paymant. Borrower shall promptFy Nmisn to Lender all notices ol amounts to be paid unde�this pereyraph. It Bonower mtkes :_
<br /> these peyrnants dkactly, Borrower Shall promptly furnish to Lender recetpt5 evidenchg the peyments. :,��:
<br /> Borrower shell promptly d�sCherqe flny lien whlCh has priority over thls Security InstNment uniess Borrower.(a)ayraes h writinp to r���
<br /> the paYment of the oblfgstlon secured by the lien in a manner acceptable ta Lender; (b)contest5 h good MRh the Ipn by, or Wfends cc�
<br />-_,.____ _ � a���,gn����,..mw,t nf the lien In. f�qa� proceed'nps wh{ch In the Lender6 ophion operate to prevent the eNOrc�ment of the Iien;ar (o) r_�
<br /> ; secures irom the haider at the Iien nn �qreen�ent Salisfactory to Lende�subordhating the Iten to this SeCUnty inswmeni. ii Lui�u'6r
<br /> _ ,
<br /> detartnhes that �ny ptrt of the PropeRy Is subJect to a Ilen whbh may attth prbrity over this Securily Instrument, Lendor rtuy p�w —
<br /> Barroww a not�� WentNylnp the Ifen. Bortower shau satisfy the Ilen or leke one or more ot ths aCtbns set forth�bow wkhin 10 days
<br /> , of ths pNinp of notice. `'
<br />�„ 6. Hazard or Property Inwrence. Bortower 6hflll ke6p Ihe Mprovements now existinq or hereafter enCt�d on th�
<br />_ • PropwtY fn=ured�pahst bas by fin�hanrds fnciud�d wkhin the term '�cteedod coverape"and ony othrr ha=ards,holudhp Noods or
<br /> tbodhp, for whlch Lender roquins Insurance. This insurance ehall be mehtalned fn the amounts and lor the pKbds that Und�r ���
<br />'��> �• ruqutes. The Msurance carrier providinp the Insurence shall be Chosen by Borrower subject to Lender's epproval whbh ahall not be ;���-
<br /> . ^,�, unreatonaby wNhheld. If Barcower faila to rtyhtah coveraqe doscribad above, Lender may, at Lander's optbn, obtain covenpe to —
<br />�,�.� ..;; �. protect Lendsrs riphts in the Properly in eccordance wfth pareqraph 7.
<br />�•,,,� `: .' AA insuruiC�poNafes and renewais ehall be aCCepteble to Lender end Shell Include a standard moAqaye alause. Lender sheN hava
<br /> •� ���`� tha rqht to hold th� polbles and ronewals. It Lendar requkes, Bor�ower ahall prpmpty pive to Lendor all recNpta of pald premium6
<br /> w=,,�,r°���.� _ and nnswal nottc�s. In thi wont of bss. Borrower shell glve prompl not�e to the hsurtnce carri�r and �endsr. Lencfx may mak�
<br />•;•.., �;�` proof of bsa H not made prompty by BoROwer.
<br />,�- �° UnMs�L�nd�r and Bortower otherw�sa agree In wrktnp. Insurence proceeds shall be applfed to restoratbn or repalr of ths Property
<br />�;z ;
<br /> �.,,,, .,�.,:. ^ damap�d, N the restorntbn or repetr Is economfcaly feas�ble and Lend�s security Is not lessened. If the rastoratbn or rsp�lr no 4
<br /> -'- :q• , �conomlcdy fwsfble or Lenda�s security would be lessened, the k�suranCe proceeds shYll ba applkd to the sums s�CUnd by thls ^_
<br /> ":h` `•"'fr Sacurity Inctrumsnt, whether or not then dw, wkh any excess paid lo Bortower. If Borrower tbandons the PropKty, or das not -
<br /> -�- .Y.a.'y-w�.. �.
<br />'-���oc.�;; onswer wRhkt 30 days a notice from Lander that the hsurance carrter has oMered to settie a ctam, then Lend�r may conoat t e �
<br /> w
<br /> •:.� inaurance procoeds. Lender may use Ihe proceeds to repa�r or restore the Property or to pay sums seoured by this S�aurity
<br />�'°�"����'''�� Instrument,whether or not then due.The 30�day perbd will bsgin when the notiCe is yken. ��
<br /> �i„3cnr; ' :..----
<br />�^• �.. Uniess Lender and Borrower olherwise apree In writfny,any eppl�ation of proCeeds to principal shall nqt extend or postpone tha
<br /> ' due d4te of ths monthty payments referred to h paraqrephs 1 and 2 or ahanqe the emount of the payments. If under parayraph 21 ��'
<br /> the Propsrty f6 aoQuked by Lender,Borrowers r{ght ro eny Insurence policles and proceeds rpsuRing trom damcye to the Propsrty prbr Fi-»---•-_
<br /> E;--�, -
<br />' � i to the acqulsRbn shall pass to Lender to the extent of the sums secured by thls Socurity Instrument Immedlatey prbr to the ��r-
<br /> � aaquisRbn. ----
<br /> 6. Occupanoy, Preservatfon, Maintenence end Protection ot the P�operty; Borrower's Loan �.�..���'r�.
<br /> ' :�.���
<br /> , Applicatlon; Leaseholdi. Borrower shail occupy,establish, and uso the Property es Bortowers pnc�ipal nsidence wkhln s6Ry �.:.,-,,;����:�
<br /> i,.,•+.:s'��::�.s���y,�
<br /> dnya aker th�ax�cutlon ot thls Security Inslrumenl and shan conthue lo xcupy the Property as Esorrower's prinelpal rosfde�ce tor nt ,_:, „, �
<br /> + �� .:�
<br /> ' bast on� yenr after the date of occupancy, uniess Lender otherwise agrees �n writinp, wh�h consent shall not bo unreasonably ,
<br /> ,^ti�r;.
<br /> wRhhekl,or unless extenuathfl ckcumstences exist whbh are beyond Borrower's control. Borrower shall not destroy,damaye or knpeir .�+�;,.} �;•
<br /> t the Property,nlbw the Property to deterbrate,or commit waste on the Property. Borrower shall be h delault if any forfekure actbn or �..,;-. _,�
<br /> ...'1'!S�er�.
<br /> :
<br /> . � proceedinp, whether cbll or crMina�� Is begun that In Lender's good fetlh Judgment could result In forfeAUre of the Property or othenvlse •
<br /> ...
<br /> - . ..._ ..__.._�... �__«.._...... .,. �e.,,w�e ee..��.u� lntoroa� Rorrnwer mav cure such fl d818uR end '�
<br /> ------ mater131ry mpar tne nen creeiea uy o�w w�.u.�.
<br /> � ��.a,�,....o... ... .......... - ----.. •- --. . - , -
<br /> rehstate,ns providad h parapraph 18,by causing the actlon or proceeding to be dismissr�d with a rulinq thet, In lendePs yood taRh � ,
<br /> determinetbn, precludas torlekure of the Borrowers interest in 1he PropeAy or other meterlal unpalrment of the Ibn created by thls
<br /> SecurRy instrument or Lender's securNy interest. Borcower shel also be h detault il Barrower, durhg the loan appl�atlon process, ,
<br /> gave materlaiy false or IneCCUrate Informatlon or statements to Lender (or tel�ed to provide Lender with any materlal hformatlon) fn
<br /> connection wkh the loan evidenced by the Note,hcludhg, but not Ilmdod lo, representatlons conceminy Bortower's occupancy of the
<br /> Property �6 a prinClpal resldonCO. If thls SoCUrity Inslrument Is on e Ieeeehold, Bortower shall comply with all the pr0vislone of lhe
<br /> lease. If Borrower aCqukes toe 181e to the Property, Ihe Ieasehold and the fee titie shall not merge unless the Lender agrees to the
<br /> ; merger h writing. Form ao2a croo
<br /> • F1020.LM0(6/C7) Pag�2 0l S �
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<br /> � 54!
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