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<br /> • gortower'6 �ow account undK th�f��l Ral Est�ti SNti�ment RocaQures Acl of 1A7��e ammd�d han tYn� to lk►w,12 U.8.0.
<br /> 2601 et eeq.('FiE3PA').uniaaa mother Nw th�t�ppMti lo th�Funde�Ke�Nean�mounG tl to, Lende► m�y, at tny tkne,coM�ct�nd
<br /> hold Fundr B an unount not to ucc�d th�IMS�r amount. L�ndu rtwiy�tikn�ts th�amant ol femda du� on th�baale ot curtent data
<br /> �nd rMeorwblo M1Msw�tee oi�xpmdihues of tuwre Eecrow I!Mn�or otF�rwle�In accadancs wNh �ppNc+ible uw.
<br /> Th� Funds ehall be hMd In an Inatihs►lan whos� dY{w�Rs aro In�und by � I�d�nJ �pincy, k►strummtwNry, or�ntfry (Indudinp
<br /> L�nd�►,N L�nd�►h wch �n InsUtutlon) or G��r►y FsdKal Moms Laan Benk Lendx �h�N apply the Funds to p�y the Eaaow ftar.s.
<br /> L�ncl�r rr►�y not chu�Barow�r ta holdinq md�ppyhp th� Funds,umwMy amly�nq the„crow �ccount, a vedyiny lhs Encrow �
<br /> Itema,unl�ne Lender peya Borrower q�terest on the Funds �nd rppAc�ble law pertnHa Lender to meke euch�chuye. Hawe+rer, Lenda' '
<br /> r�y nquk�BortowK to p�y� onatkn�ch��tor en hdapmd�nt rMl eaUU ta�c nporthy awice uaed by leadw In cor►nscllon wMh
<br /> thb lom, unks��pplk,�bl�ww Rrov�d�s oth�rwia�. UnNas�n apra�ment ia med�a�ppk'.a6M law roqukes Intenst to be p�ld.L�ndK
<br /> sMM noc be nqulnd to p�y BortowK�ny Intuest or am{nya on the Funds. Bormwar Nd l�nder may apree in wridnp. ho+Never�that �
<br /> btero�t ahY De pNd on th� Funda. Under ahaM qks to Borrowa. wkhout chuqe, n annuai accounUnp oi the Funds, shawk►q
<br /> cndlta�nrl debfts to ths Funda and the purpoae tor whlch aach debit to tAe Funda was m�d�. The Funds ue ptedq�d�s addiNona�
<br /> se�x�rity tor ell aume aecx�red by thla Sec+xity Inswment.
<br /> If tha funds A�Id by Lender excasd ths�rt�ounts penNtt�d to bm hNd by�ppYaLh�w,Lendx shaN acount to 8orrowa tor ihe
<br /> •xcess Funde (n aCCatdetice wRh the rnquiranents ot�ppRc�ble Isw. H the�mounl M tha Fundo held by Lender et�ny tlme 18 not �
<br /> sufllciant to psy the Eacrow Iterna when due,lender mny ao notiy Dorrower in wrlt�y, �nd. fn such caae Bortower aFu�pfy to Lenda
<br /> th�emount nocessary to meke up the dellclency. Borrower ahaN make up the dNidencyr h no moro tlun tweMa manlhy paymenta, at
<br /> Lander'e ade diaaetion.
<br /> 1Jpon pnyrrbnt in fuN ot W sums seaued by thia Security Instnx�m�� lendr ah�M promply rdund to Borrower any Funds held by
<br /> Laid�+. «undx par�y�ph 21, LendK sha!!ncquEre w eeN the Ro�'ty, l.ander, Prlor to the acqubNlon or sak of the Property,shaN
<br /> appy�ny iunda heid hy Lender at the dme of ecquisidon u aals�s a aedit a9sinst tlK+aume aecured by thls 3�cudty inatrumen�
<br /> 3.AppliC�tiOn of Payltl�nts. tJnbas sppNo�Dk Iaw provides othawtse.� pyments racehred by Lendx undx p�r�pnphs
<br /> i and 2 ah� be�ppNed: 1kst,to sny prepayment chupas due under the Note; aeoond,to unounts payxble under puagr�ph 2;t�kd
<br /> to interost due; IouRh,to prindpal due;utd I�st,to any late ch+�rp�a dus under the Note.
<br /> q. Ch�r�y; Ll�ns. Bortower shaq pay aq tucea,asaessmenta, chueea,tines and impositlons �tU3buU�bie to the Property
<br /> wh�h may�ttdn prto�ly over thi� Securtty Inawment and le�sehold paymaits a• qround ronte, if my. Bortower shal pay theas
<br /> . ab1l�Uona b the m�nner ptovidsd in P+nCnPh 2� o►H not paid in that m�nna, 8ortowK sful pay th«n on time directly to the person
<br /> • owed paymer►t. Boaower shail prompty fumlah to Lender dl noUces of amounta to be patd undK t�la panpraph. B Borrower mdces
<br /> th�se paymmta diracty, Bortower ahall prompUy tumlah to Lender racefpts evidmdny the payme�te.
<br /> . Boaower alNli promptly diach�r9e any Nen whieh has prtoiily over this Security Instiument unlesa Borrower:p) apreea in wridny to
<br /> iita .�,.�."i:a!!he��ts R.n�r!w!ny tne Nan h�manner��ceat�ble to Lender; (bl coMafs in flood hith Ihe Nm by�or defenda
<br /> i a wh�h b the Lendar'e bn e ta ent the anlor+eement of the Ilen;or(o)
<br /> ��inst enlorcem�M oi the 6en In,IepN procaedlnp � oP� Pro^i
<br /> i secure� irom the halder oi the Nen �n�praemant saUafactory to Lender aubordkMUny ths Nn to this 3�axf[y hatumeM. I(Lend�r
<br /> deteminsa that�ny port ot the Propaty ia subJect to a Yen whlch may attaki piloriry over lhis S�x�rllv Imtrum�nt,Lendet rtw�y g(w
<br /> BorrowAr �notioe klentlyinp th�Nen. Borrower ahaN aaUay the Ne�or Uke one a mon nf the �cdone art fath�bovs wkhin t0 dAya
<br /> of th�p1rYg oi noUco.
<br /> b. Hn.ard or Prop�rty Insunnc�. Borrower snall keep ths ImprovemeMs �ow a�dstinp or naratta eneatad on tha
<br /> pro�rty fmurod�y�kiat baa by firo, hwrds Induded wltMn the tertn 'exlended covenpe' nd my other h�zards. kidudinq tlouds or
<br /> ffpudny, tor wMch I.ender roqukes inaunnce. Thia hsunnce sh� be m�htafned (n the mounta ai►d for th� prbds that Lander
<br /> nqui,e�. The inauranoe c�rrier providinp the Inaurance ah�N be chosen by Bort+owx sub}ect to Lendr's�pp►aQ whbh sh�not be
<br /> �x�rwfonably wNhheid. lf Bortower faYa to mdntaln covenpe deaaibed �bove,Lender m�y, at Lender'e optbn. obtek�cover��to
<br /> prot�ct l«idsr's r{phts tn the Properry k►accordmce wflh p�ra�aph 7.
<br /> AM inwnnp poMalse�nd ranewda stiaY be accpt�ble to Lender and ahaN fndude i sUnderd mortyepe Gwse. Lendx shY haw
<br /> �, ths ripht to hold Me poNcka md ronarrda. If Lendu roWkas, BortowK alwM promptly�M�to LentNr �I reaipta of p�{d prerniun►r
<br /> � • �nd renewd notlae. In th� event ot bss, Borrower ahaM give prompt noltce tu the Naurmce curler and��nd�r.Lender may m�k�
<br /> � j (x00�0}1016 11 IM1 IIMd�(N�DR1pt1�/by BOROYVK.
<br /> , • �{�����r�nd Bortower othawlae��ee in wrNinµInaurdnce proceeda ehUl ba appled to reetoratlon a rep�ot the Propaty
<br /> =-j d�q�d,1 the rsstonUon or roP�k la aconomkaMy trasible and Lender'e eecurily Is not leeaemd. It the reaWratlon or np�ir Is not
<br /> a rconort�icdy tMSiblo or Lender's seourNy would be baa�ned, the haurence proceeda shal be�ppNed to the auma oeaued by this
<br /> " ' 9�Ny Initrum�nt, whether or not then due, with eny excesa psld to Borrower. If Borrower�b�ndona tha PropMty, or do�e not
<br /> �nswK wNhin, 90 days a notice irom Lender thnt the Insutance carrtx has ottered to sdtle � ddm, then Und�r m�y collect tha
<br /> E insumee proaeds. lender maY uss the proceeda to repek or re�tore the PropeAy a to pay aums aecurod by thla S�cutily
<br /> � Instrume�t,whether a not thnn due.The 30�y perlod wN begln when the notioe la yNen.
<br /> Unisu Lenddr and Barower othervrlae aproe k�wriUnp, any appBcetlon o!proceeds ta prindpal ehaN not actend or postpon�th�
<br /> j due date d the monthy p�ymenta referred to In parapraphs 1 �nd 2 or chanpe the emount o!ths payments. If widar p�rtgr�ph 21
<br /> , the Ropary is�cquked by Lender,Bortower'e dght to any insurAnce polidea and proceeda rosuldnp hom dtm�pe to the Property prlor
<br /> to tAe acqulaltlon ahrli p�se to Lender to ths extent of !he sums aecured by this Security Inetrurt:ent Immedittery piior to the
<br /> �' acquieidon.
<br /> - 6. Oeeupaney, Pr�s�rvitlon, Malntenanoe end Prot�ction of th� Prop�rty; B�raw�r's Losn
<br /> ` AppllCatton; Lr�Nh0lds. Borrower sA�N oecupy, estab+ah. end uae the Roperly as Bortower'a pdndpd r+esldence withtn sbdy
<br /> dnys etter the execuUai of thia Securriy Instrument�nd ahall continue to occupy the PropeAy ba Borrower'a pineipU roaidence tor�t
<br /> least one y�ar aRer tho date ot oocupaney, unlsas Lender otherw(se ag�ees in wrfWy. whloh consent shd not be unraaonaby
<br /> wRhheld,a uniesa extenusUnq dreumstences exPst wwch�ro beyand Barrower'a corrtrol. Bortower ahW not detlroy,darn�ye or fmp�k
<br /> ths RopeAy� aMow 1he PropertY to dsterbnte, or oomnit waate on the Property. Borrower ahall be in dehuit N eny tortdturo action or
<br /> � ptoceedinQ,whether c(vfl or q1mIr1QJ.is�egun that (n Lenaer'a pood fafth judpment couia�uit in iorterture oi ii�e t—roperiy or oinawias
<br /> ' mateiieliy Ynp�ir the Ilen creeted by thia Security Instrument or Lender'a aewtily I�terest Barower m�y aro such s defautt end
<br /> reinat�te.�e provided In peragreph 18,by ceusing the actlon or proceedinp to be dismissed wkh a ruNng thal h Lender'a good talth
<br /> determ{mtbn� precludes tortekure ot the Borrower'a Interest in the PropeAy or other matakl Impakment of ihe Ikn croated by thts
<br /> gecuricy Instrument or Lender'a aecuriry Interest. Borrower shaB also be in ddautt B Bortower, during the lan eppltceUon procese,
<br /> pave meterlaly false or inacarate infortnation or etetements to Lender (or fniled to provide Lender wkh any matertsl IntomnaUon) In
<br /> connectton wfth the loan evldenced by the Note. Including,bu!not Iimfted to, reprosenuttans conceming 8ornowet's ocapsncy of the
<br /> PropeAy�s a prMcfp�l rosldenca. It thla Security Instniment Is cn a lessehold, Borrowef shaN compty with d the provlslona of the
<br /> Iease. If BoROw�x ecWtres tee Utle to tho Property,the leesehold end the tee Ulie ehatl not marge untess the Lender agroea to the
<br /> rt1EfQEf Ift wrltY�g. Form 302C 9f90
<br />� F7029.LM�(BJ97� Pe,?t 2 ot 5
<br />� OG970023
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