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<br /> � �' '�� The Fands sha11 be heid in an inctitution tichose deposiE.are ins;trsd.b} a fedcrai :�cccc�. imtrumentstit�, ur entity z��•�
<br /> r',..- - k� tincluding Lender.if i.�nder is such an in.-titution!or in any Federll Hume Uoart g:uik. Le�ufer�traH appl� �he Fund.�u p:iY tlu: r•� :
<br /> ;�•�;r::.'�,' . Escca�� items.lrnder ursy,nnt charge Born�wer fur hutding;uid apptyin�ttte Fun�i.c,apnually anai)rins the r�crow•a�tivttnt..�r � .��
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<br /> . ,,,;:•..,. ..;�.: verifj•ing the Fisc�nnw 4c�ms.unles�lxnder pays Bomoirer intcr�t rm the Funds anci appti��abic la�. }+enz�it,Lc�idrr tu m•rke.uch �` +`-
<br /> • - a rhar�.Ho�evcr.Lender may reyuire Burni��r tu pay a one-tirae eharg.a Wr:ui indrpein�:nt e�a!��a�c t:ix rc�+�ning.cni�-�
<br /> ' ur•ed by l.ettder in �vmnectiun �vith this toan,;UnlRSS applicabl� law pruvid� utherw�+e. Unte�.;tc�,agrc�ment is m:ide �,r i.
<br /> ' � � , appiirabte law requir�.c intere�t ta be p�id. l.atdlaf xhall�noi 6e.myuired to pag&�rruxer anu•. intc�rc�st.�.�r.rarnings.�n thc Fundti. ;; ;�
<br /> � �•,',� s: '; Bnrrourr and Lende�m�v agrcr in,a�ric�ng.hawe�er_th:rt�eqtRr�sY.sh:ill be paid o�ih� Fpnd�:txtufer shali gire ta Borruner. : _
<br /> : �.��:, .;, withm�t.eBarge.an annuat accauntin�of the�unds. shus�rii,g cic�li«and debit,t�.rha� �un���u1 the purpu+e fi�r�vhictt u►ch �; ��
<br /> `�,•'': < `. ;.:; deiiit,co�he Funds was madc.'1'h�Fumi�arr.pted�ed_a.�.rutditi�n�tt��cu�t}�far:�li,swtti�wc,�ut�.'�b� this Secunty la�uum�nt. �--
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<br /> �: ''t��.. �:, If the Funds held by Lendtr�caca�•ed the an�nts perrttitted'w b�held.P��+ap}�ti��ablti��nv.:[.erzder+hall acc�wm ta Bwruwer ��
<br /> ��<�.'�.:.-_-_-.�:°-�- for tlte ric�.c Funds in acuordanC�«'ith[he reyuiretnents vf ap�li4abiv lu�s�: [f.lhr am�funt of the Fuads hetd by Len+ier at arey ' "�
<br /> `�-.�-�,°-_-,,,'"'�.�t. tiine u swt ss:fFictent to pay tt�r�sszuw Items whcn due.[.endr.r nn����n mrti�';+K��;r4�vsr in..vriting.and.in�uch r.�sc Surrowcr ; -
<br />,:£�;��';F�._,.'.,:., ._ shal!pay to Leruter the:�mount necessary to mal:e up the dutTcriun�7•.H�trc�war shull�mtil;e up the deticiency in ao more than .'��:
<br /> ���'•, � Y P�Y �
<br /> � ,k twel��e montht raents,at f.end�sr's sote discretion: , .
<br /> ` =1���,�4 _ : Upon payment ia fu}i oC alJi syms serurc� by this Seivrt�t�atrume�t. [:ertdcr citall:prnmpdy refund[o Borraw�er ar►} � �
<br /> ;.t;�:r ; . _ _ 'Funds held by l.ende�'.If.urtder parsi$r•iph,�L..�.endar shalt.�q,qn?e or,,sels•the Pir�enu.:�esttlor. prior to thc acyui�itian ur sale *� .:'�
<br /> . .:i—c, _. _ of the Pruperty.sha�f appfy any Furtd�:heW:bjt%L�nd�rut the time o6acqui�ijinn.or,:;�ili�:it+u.Qic�lil;n�►inst the.ums,e�vred by �;:',�
<br /> _' this Security lnstrumea� . . . . .. . • � t
<br /> ` j- 3.: cation of Pg �q p Pay v'�t�i� ' �` P��P t
<br /> ,,, Appif ymetds.Unless u {fi�hta 1mv. fnvi�iirs.othervuise,ali� m recaii ed b" .�-ender under hs
<br /> � � ' ` : 4 atld+2,shal!be applied:first:to an9 P�P3Y!�at chargits dita,un�ler the Note:secoqd. tu�bmounl.s pa;able un�r paragraph 2:
<br /> `'' : ;�� thif�li�(u�incerest due;founh.to principal due:and(ast,tn:�ny luta�:har�cs due un�lei the R��tc. ��
<br /> �.;��::y;��'';: �=: �v �.��'6ar�es:Lt�ns. Burruwer`shail p�ay��fl�[aaes.a..tic�stnRnt».ahur�ez. fines and impo�itiom auribut'rble t�►the Prupen� ': `,. ;
<br /> ;<r�`�` „'`.,::;� whiCh may attaen ptiority ayer this Se�urity lnstruiaem. cuid,itasefinla�p�7}�.ment, .�r gr.mnd ren��.if any. Harro�ver sh�ll pay �.
<br /> ` ".�-- : ,' these obl' ons'tmlliamanner rovided.in ra h 2.oi ii nnt «id�.iti�(iut�manner:Borrower sha�i them on time din�tl . �.F�..
<br /> _. ..,:;c -< � P Pi� F P � PaY Y .:
<br /> ` '<i r�� . •t; ,�� to the person owed+ uymcnt.Hum4wer shall prompdy futni.sh tu Lenda�s�l(lridifces af amuunts to be paid unde'r this paragraph. 'a�
<br /> F�'; �. . .� ,. . �:`-
<br /> ..,<,r,;�-w �.F:,��, � If eorrox•er makes e5N payments:dj�ectly.6orrower sGail prumptly fnraird�;M t ender rerciFts ev idencing the piyrr�ncs. �x:.,_
<br /> '�'�'�''r`� ` `=' Borroner shal!pmmpti}diac�m�e any liep a-hich has privrity o�•eir this.Sncurity iw�tmment unie�Barror�er. la)agrees sn ���•
<br /> ��:,�'•.•. -' wnting to thes paycrnnt nf the o6li�un secured by the lien in a manner.accuptable to E.�adec:(b)contest�in eaai faith tfu lien '��
<br /> °:�`� °.. by. or defends against enfarcemeeit of t�e ticn�in. IegW proceedings wiliah��n`the t:�nder s bpinion.operata to prevent ihe. `
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<br /> , .�.�."": �. ;...: , enforeement of the lien;or�cl secures fmtit tEte)iatder of the lien•an:t�reen'tcni satisfaatory to L�.nder 5uburdimUng the tien to ' � ;:';.
<br /> a � this Security Instrument. IF L.ender det�mtit�s d�ni�any:qart;4£the Pmpercy,is su6ject to a lien which.m�•attain priority aver ,
<br /> ��� � ;, this�ei.ltrity It�strument,Lender t�givC Hnr�ts�ytr a nt�t{qq ld�►tifying the lien. Bonvwer shall satisf3 the lien ur talce one or
<br /> . ..f�` :,. !.� more vt the actions set forth above within:IO�ys of[he�i}fahg�of notcce.
<br /> . � �;Harard or Property 1�itan��. Borro�ver shall�krxp th� improvem�nts mr�v'e�cistin? or hereafter erc�i,on the,
<br /> , - . . �' Property insureA against loss by fire, hazards inctuded within the tarm�"ectended co��e"and any �xher hazar3s.•inctuding
<br />. ... ���t% floads or ttoading.for which I.ender requires iasursnce.This insu�nce shaIL�Se cnaintained in the ainounts and for the Qeriods �
<br /> � -,".; that Let:der requires.The insuraace carrier providing the insurance.�ha[I�be r�iasen by BorroRer subiect to Lendei 4 approva�. . '
<br /> �;��,h� �;_; whicic�11 not be unreasonablv Svithheld. If Borrou�er fail,�:ta maintain co�etage dt�xibed above. Lxndet may,at Gender s '•
<br /> �� � upti�a.�b[ain coverage to protedt�nder s rigbts in the Property in accosdance with�ac�ph 7. "�`
<br /> � y�d ,,�:.` �fl insutance policics and retuwals shall be acceptable to Lender and shal� in�it��i:.a startdard mortgage ct�a.�:.,t:endei `•�
<br /> ,��:; .
<br /> � «.;,� �f� � ..� .. shal!ha�e the right to hold the pol:cies and re�wals. If Lender requir�,Borrower shali prompt[y give to LencIer all�.`.v�elpts of _
<br /> , '��.;?�' •. '��"•T��:.-.•.� paid premium.c a»d renewal notices.In the ewa*.t:n�'loss.Bormwer shall give�rompt�netice cu the insuaraa�a rnrrier�uader.
<br /> �f;`;'•:•..j•�-� t L�:ild@F.;may make pruoFof loss if not made�p:r.�l��by Burtower. .:'°• `����•�, . '.
<br /> � „��i•�;'l:.:�:�' • ' � ,2�r:fxss Lender and Borrawer...qr,';arwise agree�n wricing�,iisns:r.ar,ce�,r:'aaa�3s shal�,txc appli�d to reatoration at r����if the � `:,
<br /> ,.'.5���'�''�r'-� = ;r.: ?:.� ��ama ed.if ihe re�,tar.r��:ar ir is ccanarrdcau�te�r7;:'-+�. � �i- +er's secur'r. .�y not lessernd.[f ti�e� �:~aratinn or �•
<br /> �' ?�eis,,:_, •�. .,•; 13?�:. � � �,�.'' � i -.�_.-
<br /> _ �; re�nr-��n:�c;ewaoaucal!y feas:'�n'i3,�.r Lender s securiiy wo ,1'r b��Te>�'�:.-��insurance proceeds chall be applied to fhe suma �n_
<br /> : sect::a4'`crti�.�s Sc�a;;��zy tns�vment, whether or not then due. with.a���.��ss gaid [o BortuwcT.(f Borrower abaridons the _
<br /> Pr�pe�.��z'dr,es n���swer within 30 days a notice from l.ender tha�'�t�h��,suurance carrier has aifered to�cule a claim,then • -
<br /> Lende�'^r�y i:o1►+���:i�,�e insurance proceeds. Lender may use the proc�.�.c`�s� repair or restore the Property or to pay sunu
<br /> r�',,. ';� secura�:��y this Security lnstrum'�tr whether or not then due.Thd 30day period will be€in when the natice is g�ven. . �y :
<br /> �� � , 'i'siess Lender and Borrt c.er othenvise agree in writing�•any application.of prc�ceeds to principal shall not eatend or �r•�-_.
<br /> � ,��,'r postpane the due date of the miicsi�h:�y payments referred to in puragraphs 1 and 2 or change the amount of the payments. !f '� ��
<br /> , ' + under paragraph 21 the Prup�rty is acquireb by.L,ender,Borrower s right to any insurance policie�and pracee.�is resutting from • Q;�.'
<br /> " "' ' ' '�- ' f damage to thc Property prior to�he acquisitiea d;a1l pass to l.ender to thc e�tent,of thc cums securedby thie Serurity instrument
<br /> . , ,:;'f � . . immediately prior to the acquisinon. . .' • :
<br /> ..� •� `�' b.Oocupancy,Preservation,Eliaintenance and R�otection oP t�e f�itir,�erty; Bomoa�er's I.oan Appliruttoa:•�.easehotds.
<br /> :•.'".;;�?i�.:.,. � Barrower shall occupy.cstablish,and use the Pmperty as Borrower's princ2�al re�idence n�thin sixty days aftcr the�•�}�cution af .
<br /> ,�-:� , �,�
<br /> ,,;l:�`��;: '. this Security Inssrument arn1 shall rnntinue to occupy the Property as Bafr�w:r's;�rnr���residence for at least a�c_y�r after
<br /> �� '�"'�'f��" the date of accupancy,unle�v I,ender otherwise agrces in writing, which�o�ia,wc;(.;sFal1�.°mt be unceaconably withheid,•tir.unless ;��,
<br /> . . � extenuating cireunistanc� exist which are beyond Botrower's contrMr Ec�^'r�����e�'shall not destray. damage or impair ttie ,.�-' • ,
<br /> '.,;:, v "���' Property,altow t9c Propcny ta deteriarate.or rommit wastg on the r'r�,�t�.'_r,•:Bnaower shall be in default if any forfeituce'c,,;. �.� , �,
<br /> ��'�:� action or proceeding.whether ei;;et pr criminal, is begun th�ill.,en�er,'';�s�c±�Q faith judgment could re+ult in forfeiture of the �''i; �• . °�-
<br /> ,.��± . Prop�:v or otherwise materialt�.�i�as�'uir the licn created by di�r�t�.�:uvity���:�ument or L.ender's security interest.Bonower may :
<br /> "`' � cure such a default and reinsture,.x��:provided in paragraph (_ti:,��:ea;is:d�rRe�action or prveecdin�to bc dismissed with a ruling
<br /> ���'�� that: in Lender s gaod faitb dei:fminution. Freclude.forfcitare of the IP.�ar�oa�er'ti intercst in tho Pruperty or other material
<br /> - "'� •� impairment of thc lien crratod by this Secur'ay'lnstrument or Lendez''"v��c�a,stiry inte2-�.t.B�mower shnll al�n be in default if
<br /> � ; • , 8orrower,during the loan application pmceti+:��;��.;e materially fats�e nr,�>'i;<<c�.s::rate mfnrmation or statement�:t�i Ixnder(or failcd �
<br /> " ���:• ' . to ptt�vir�I.ender with any materi,al inforcn�tiw�;�in cunneaiun.�rith_t�e��an evidcnaed by the Note.ineluding.6ut nva limited ;
<br /> ••���;�`;:' � tu,.n:�e�ntations concemjn�i3'�nx+�•rr's occupas�cy of the 1��^y.as a pnneipal re�idence.!f this Security Instrun�r�s�.;i,�an a �•.
<br /> �'•'•` , • IeasefivLi:Borrower shall cvmpty.with ali the provisi�ms c�('��7{e•I�r.c.. If$orrower acquirey fee tiNe to the Prt;�. the �•�,.
<br /> - " loatiehoid unJ the•fce tidc�hull nur•mcr�e unletis I.cnder as�ees tce tFe rncr�-in writing. � � ; �.
<br /> 7.ProteMion oP Lender's Rightw in thu Propertv.if Burcnwer fai�r.���perform thc cr�venantr and agreements mntained in
<br /> � , �, - thiti Security irottument, ur there i�a Iegal pri�ccating that mt►y�igrtiftt�utl� •rffect Ixnder's ri�hts in the Pn,perty isuch as a; �'�`
<br /> � .,,:t.::-
<br /> pmceedinp in hankntptcy.probuto.for condemnati�fn or Pimcituh or to�°n�'umc lua•.�.r n;�.ulaiiuns►, thcn Lcndcr�ni�:do;uid." �,,._�::
<br /> � Qay far w•hate�er iti ncresrary ti�protect the v:�lue of the Pmperty and Lcnder ti right�. in thu Prc+perty. l.ender'+:z:alrn�m�y � -
<br /> ' utcludr paying any �ums .ccurt:d by a licn which hac prianty over this 5crurity In�trumcnt, app�nng in cc�uttr paying _
<br /> � • teasnnable attarrteys'fces:ind enterin�un tho Propcny to makc repair.�. Afthough Lenderntuy take artian unde�this'paragraph �
<br /> ' . � . . 7.l.cndcr doez notJ��ve tu du w.
<br /> � • • An� amauntt��litbntsed hy l.ender under this p;tragrrph 7 sha11 become additiana) ilc�bt ot Buno�cer �ecnmd by this
<br /> ., ' � Sccurity fn�trumcnt. Unless&�rrou�cr and L.cndcr agree to othcr terms of paymenL�hesc amount��hsll tr�:.ir imcrc+t from the
<br /> �• � datr of di�bur.ement at thc �lnte rate and �hall he payable. with intere.st. upon nntice(rom Lender.m Bunowcr rcyuesting ;,.
<br /> ' �. � . paymcm. s-
<br /> ' - - -- -- A.�lott�stf;e Insnrartce: If Lendcr rcquired martga�rr in,uranrc:u�cnnditinn nf making Uic I�wn �ccur��i by this 5ecuriry
<br /> . . � In.trumcm. &�rcu��er �hall pay thc prcntiums rcyuir�d tu maintain thc mnn=age insur,mre in cffnK_ (f. for any rea.+un, the �
<br /> � murtFa�,c inwrartcc rnccra�te reyuir�til hy Ixnder lap�er�+r cea�c+to be in rifcrl. &�ru�acr�h•rll pa} thc prcmium�rcyuircd tc�
<br /> �� , • ehtain c�nerage wb�lantislly ryuivalent tu the mnn�age in+uranee preti•iuusty in eitect: a�a c��st tiub�tantiatly eyuivalent tn 1he
<br /> ' r��.� u► finrrnti�er ul;thc mungagc mwrancc pre�•iou�l} �n cffect. fa�n�:ur altemate�n�+nc�gr inwrcr approecd by Lemfer. lf
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