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<br /> The Funds shall he held in un ins:itution whose deEx�sits arc in+urc�! tsy �� fedcral ag�y nstn�in�entV�li�y �endty
<br /> li��cluditiF L.�iiacr.�f I.cnarr i��u�h an iiititituti����)��r in iiiiy F�d�r��l H��i»c[.��in Bank. lAndcr�huli npply thc Fund.ti to puy th�
<br /> Escrow Item�. l.rnder m:iy n��t rhargc C�ornxver for hi�ldin�: and upplyin�;�hc Fuixls. .mnually unaly�ing die escraw nccount.�ir
<br /> verifying thc Esrruw Itcros, un!c+ti l.endcr pays Bunuwcr intere�t�m the Fund�tmd�pplirable I:�w perniits Lcnder tu mal�e+uch
<br /> a churge. However, I.cnder may require Burmwcr tu pay a�me-time churgc ti�r un independent re:il e+t:�te tar reporting scrvice
<br /> u.rd by Lender in runncction with thi� luan, unless applirublt law pniviJc. utherwise. Unlcss nn ugrcement is nu►de or
<br /> appliruhlc law rcquirc.intcrest t��hc paid, l.�ndcr tihall uot bc rcyi�ir�d tu p:sy Borro�vcr:my intcrest or camings an thc Funds.
<br /> Hurrowcr and Lender may agrcc in w�riting, huwcver, that intcrrst shall t►e paid on thc Fundti. I.enJcr sh•rll give to&rcrawer.
<br /> withuut rhargc, an �mnucd uccounting uf thc Funds,showing crcdies and debits to thr Funds und thc pumasc for wt�ich cxh
<br /> dcbit tu dic rundti��:�..made.Th�Tunds arc pleAJged as additinnul sccurity for aU yums scrurMl h}'thi�SecorHy In+truntent.
<br /> If'thc Funds held by L.ender cxc��ccl the umounts pern�icted to be hcld by applicablc law. I.cnder shall account ta&►rrawer
<br /> for thr excetis Funds in accordunce with the requirements of npplicable la�v. 16'the nnrount of the Funds held by Lender at any
<br /> time is not suffiCicnt ta pay thc Escrow Items when due,Lrndcr may so notify&�rrnwcr in writing,und,in tiuch casc Borrower
<br /> shall pay to L.ender the nmount necessary ta make up the deficiency. ti��rrower shull make up the deficiency in no �tx�re than
<br /> nti•clvc monthly payments,at Lcncicr's sule discrction.
<br /> Upon payment in I'ull oP all sums secured by this Security Instrument. Lendcr shall prompUy refund tu Borm�ver any
<br /> Funds hcld by l.cndcr. If,undcr par.igeaph 3l.L.�ndcr shall acyuim or.cll thr P���prrty. I.cnder �rinr t��thr:��ytu�.itiun ur+ala:
<br /> uf thc Property, shall apply an�- Fund, hcW by I.rnder ut thr tinu of acyw��tiun ur,alc�.+a r«dit agaim� thr�um+sccured by
<br /> Ihis Security Instn�ment.
<br /> 3.Appliu�don uf Paymcnts.Unlcss applirable law provider��thenvisc,all payments rcccivcd by l.cnder under par;�€r�phc;
<br /> I and 2 shall bc applied: first, to any prepaymcnt chargeti Jue undcr the Note; sticond, to amounts payublc under paragraph 2;
<br /> third,to interest due:faurth,ta principnl due;and last,to any lute charges due und�r the N�ue.
<br /> 4.Charges: Lteas.Borrower shaU pay all t:uces, us.sessments, charges, fines and imporition,attributable tu the Propeny
<br /> which may attain priurity over this Securiry Intitrument,and lea,ehold payments or ground rents, if any. Borrower sh:ill pay
<br /> lhe�r ubli�!atiom in the roauner provided in par�gra�h 2,ar if nat paid in that manncr.Borror:er shall pay them dn time directly
<br /> to the per,un owed payment. Borrowcr shall�romp[ly furnish to l.endcr all notires of�mounts to be paid under this paru�raph.
<br /> If Borrower makes these payments directly, Borrower shall promptly fumish to Lender receipts evidencing the pAyments.
<br /> Dorrower shall pramptly diuharge any lien which has priority over this Security[nstrument unless Borrower: (a)agre:s in
<br /> writing to the payment of the obligation secural by the lien in a manner acceptable to I..ender:(b)contests in good faith the lien
<br /> by, or defends nga+nst enforcement uf the lien in, legal proccedings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien:or(c)secures f'rom the holder of the lien an agn.�ement satisfactory to Lender subordinating the {ien to
<br /> this Security [nstrument. if L.ender determines that any part of the Property is subject to a lien which may attain pr►anty oaer
<br /> this Security Instrument,Lender may give BoROwer a notice identifying the lien. li�rrower shall s•►tisfy the lien or take one ar
<br /> more of the actions set fonh above within 10 days of the giving o:'notice.
<br /> 5. Hpzard or Properiy Insuran�e. Borrower shall kcep the improvements now existing on c�reaftcr erected on the
<br /> Property insured against lo�.s by fim, hazards included within the terni "extended coverage" and any other hazards, including
<br /> tloods or flooding. for�vhich L.ender requires insurance.This insurance shall be maintained in the amounts and for the periods
<br /> ittat I.ender rcyuirr�. Ti�c III]UtiltllC La111G1 �ivviuii��e il�c is„�tar.� 51ta:! $C�l:o;�R tt� EoTro:::.r ��bjtx!:� :.Ct2�es's s��^.te!'»I
<br /> which shall not be unreasonably withheld. If Borrower fails to maintain coverare describecl above, Lender may, at Lender's
<br /> option,obtnin coverage t��protect l.ender's rights in the Property in acwrdunce«�ith paragraph 7.
<br /> All imur:ince policies and renewals shall be �tcceptable ro Lender and shall include a standard mortgage clause. L.ender
<br /> shall have the right to hold the policic�and mnewals.If Lender reyuires,Borrower shall promptly give to Lender ull receipts of
<br /> paid premiums and renewal notices.In Hie event of loss.Borrower shall give prompt notice to the insurance carrier and l.�nder.
<br /> � Lender may make pra�f of loss if not made promptly b�r Borrower.
<br /> Unless I.cnder and Borrower atherwise�grec in�vntmg,insurance procceds shall bc applied to restoration or rcpair of the
<br /> i Pmpeny damaged,if the rc.storation or mpair is economically feasible and Lendcz s security is not tessened. 1f the restoration or
<br /> � renair is not economically feasible or l.ender's security would be lessened, the i�surance proceeds shall be applied to the sums
<br /> secured by this Securiry Instrument, whether or not then due, with any excess paid to Borrower. [f Borrower abandons th�
<br /> Property, or does not:�nswer within 3p duys a notice from l..endcr thnt the insurance carricr has offemd to settle u claim, then
<br /> I.ender may collect the insurance proceeds. Lender may use the procecds to repair or restore the Property or to pay sums
<br /> secured by this Security Instcument,whether or not then due.The 30-day period will begin when the notice is given.
<br /> IJn(ess Lender and Borrower othenvise agrce in writing, any applicstion of procceds to principal shall not extend or
<br /> postpone the due date of the monthly paymcnts refcrred to in paragraphs 1 and 2 or change the amount of thc payments. If
<br /> under paragraph 21 thc Property is acquired by I.endcr.Bonower's right to any insurance policies:u�d prorc�ds resulting from
<br /> • damage to the Property prior to the acquisition shall pass to Lender tn the extent of the sums secured by this Security Instcument
<br /> immcdiatcly prior to the acquisition.
<br /> 6.Occupancy,Preservation,Maintenance and Protvction uY the Property;lbrrower's Loan Application;I.easeholds.
<br /> Bormwer shall occupy,estublish,and use tl�r Prop�rty as Bonower's principal rcsidence within sixry days aRer the execution of
<br /> this Security[nstrument and shall continue to occupy the Propexty as Bonower's principal residence for at least one yeur after
<br /> the date uf ocrupancy,unles�Lender otherwise arrc� in writing, which conscat shall not be unreasonably withheld, or unless
<br /> extenuating cireumstances exist which are beyunc! Bortuwer's contrm�l. Borrower shall not destroy, d�unage or impair the
<br /> Properry, allow thc Property to deteriur.�te, or con�mit waste on the Propcny. Borrower shall be in default if any forfeiture
<br /> action nr pmcceding, whether civil or criminal.i� begun that in Lc:nder's Sa�d faith judgment could rcsult in forfeiture af the
<br /> Propeny or othenvi.e materially irtipair the lien cn:ated by this Secu�ity Instrument or I.cnder's security inttrest. Borcower may
<br /> ' cure such a default anJ reinstate.:is provided in paragraph I 8,hy causing the action or proceeding to be dismissed with a ruling
<br /> that, in I.endcr's gix�d faith determination, prccludes fort'eiture uf the Borrower's interest in the Property or other material
<br /> ' irnpairnknt of the lie�created by this Securiry Instrunxnt ar l.ender's security intemst. Borrower shall also be in default if
<br /> Borrower,during the Ioan application process,gave materially false or inaccurate information or ytatements to L.ender�ar failed
<br /> to provide Lender with any material informationl in connection with the loan evidenced by the Note,inclad'eng, but not limited
<br /> to,rcprcseneatiom concernmg Bonuwer'1�x;cupancy of the Property a�a princip:il residence. If this S�,•curity Instrument is on a
<br /> le�sehold. Borro���er shall rnmply with all the provisions of the lease. If Burrow•cr acquire� fee title to the Pmperty.the
<br /> leatiehold utxl the fee tide�hall not merge unle�s L.ender agrecs tu th�merger in writing.
<br /> 7.HrotectMn of Lcuder's RI�hGw in thc Property.If BorruH�er fail�tu prrl'um�thc ruvrnunt.anJ agrcemrnt�c��ntaineJ in
<br /> thi� Sctiurity In�trumrnt, ur there i.,► Iegal pnkexd�ng that may �igmfirantl�-affect l.ender's right�in the Propeny l>uch a� a
<br /> prm��eding in bankruptcy. probate.for cundrmnation or forfeiturc��r ta entime la���ur regulatioml, then [.cnder may do and
<br /> pay Fur whatcvcr iti ncrc��ary tu prot�tit thc�•alur of thc Pro�xrt�• :md Lcndcr'. right. m the 1'ruperty. Lendcr's action�may
<br /> inrlude payine any �um, �erured by a licn which has prwrity uver thi, Secunty In�trum�:nt, appearmg in court. paying
<br /> rc�.�anablc attorncy+' tcc�and�ntenn�on�nc rn��xny cn maice rcpai�. nicnougn i.cnucr may �aicc a�1nm u�nirr ii�i, Na�ugtaplt
<br /> 7.Lcndcr dix�nut ha�•c t��du w.
<br /> Any amuunt. Jitibuncd by LcnJcr undcr thiti par.��;raph 7 ,hall tx�a�mc additianal drht uf Burn��ver �c�urcd by ihis
<br /> Scrurity In�trumcnt. L'nlc,+Burni��rr anJ I..ender a��ti tu uthrr tenm af payment. thr,e am��unt��hall bcar intere+t fr�•m the
<br /> datc ��f d�+hur,cment at thc Notr rate and �II:III F1C�1:1\JhIC. with interc+t, u�xm notice from I.enJer tu Battu��rr rcquesting
<br /> �Jy'1llCIlL �
<br /> S.\1oHKs��;r Insurutxti. If Lcndcr rcyuircJ n�unEagc in,urancc a+a r�mdition vf maAin� thc I�,an ,rrumd hy thi+S.�uney
<br /> In,inmxnt. Humuucr .h;ill pay thc pmmium+ rryuir��l tu maintain thc murtEagc inwr.mrr i�i rf(�rt. lf. titt .m}• rea,��n.thc
<br />= murtga�.r in,uranr�:r�n�ragc r�yuir�vt by I.endrr I.�p.c.ur rra�r,tu h� w �(Ir�t. Burcuuer .hall pay th�pmmium. rcyu�r�d tu
<br />� obCiin ro�era�:r�uh�t:muall� ryunalcnt tu the m�►rt�;a;se m.urancc prc�•iuu�l� m e(Irri. at .i r��•t .uh.t�ntialh ryu��aleat tu the
<br />= ru+t tu R��rm��cr oY thc mi�rtEa��ui�ur.mre prc�iuu�h m ctt�ct. Inmi :m .dtrrnatr nu,nceEi m.urcr appnn►ti h�• Lencirr. if
<br /> . �•��� ,a Form 3026 9�90
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