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<br /> Tha Funds Fhull bc held in un institutfan wh�se deposfts urc insured by u fcdcrul ugcncy, Instrunxntality. ar cntity
<br /> (includin�Lcndcr, if l.endcr is such un institution)or in any Fcdcial Hume I.��an aunk. I.cndcr tihull upply 1hc�u�d.ti to pay thc
<br /> F?srrv�w Itcros. I.endcr muy nut churgc Barrower fur hUlding und applyfn�;thc�unds,unnuully unulyr.ing thc csrr.�w u�count.or
<br /> vcrifying thc Escriiw Itcmti,unlesr L..enderpuys Borrower intcratit�m the F�unds mid applicahle law{►ermitn Leixicrta make such _
<br /> n charge. 1(owe�•er. L.ender muy reyuire &►rrower w pay u i+nc•time churge tiir un independent rcal estntc tux r�purting�ervire
<br /> usul hv l.cndcr in conncction with this luun, unlcss nppltruble I.iw provides ��therwise. Unt4ws .�n ugrecmcnt i� made ��r
<br /> iipplic�iblc luw rcquirc:s interest to be paiJ,Lendcr shull nut be required w pay Bomiwerany Intere�t or earnings on the Funds.
<br /> sorruwcr und Lcndcr muy ugcce in wriNng, howcver. that Interest shall be paid on thc Funds. I.cnder shull givc lo Bnrrowcr,
<br /> withaut chtrcgc, an um�uul nccuunting of�hc Fund,. showing crcdits und debits ta thc Funds und thc purposc for which cach
<br /> drbit m the Fu�x1s was mude. The Funds erc pled�cd us additiunul security fi►r ull sums saured by this Security Instrun�ent.
<br /> If tlie Fundti lield by I.endcr exceed ihe umounts permittcci to bc held by applicable luw.I.ender shull :�ccount to Borrower
<br /> for the excess Funds in uccordunce with the requirements af upplicnble luw. If tlie an►uunt uf the funds hcld by l.ender at any � -
<br /> timr is nat sufficient to ps�y thc Escrow Iiems when due.Lender muy so notify Borrowcr in writing,und,in such a.,e Barmwer
<br /> shull pay to l.ender the amount necesscary ta make up the deflciency. Borrower shall make up ttie defic�ency in no more Ihan
<br /> twelve monthly payments,at Lender's sole discretion.
<br /> Upon payment in full of ull sums secureJ by this Security Instrument. I.endrr shall prumptly rcfund to Hnrrower any
<br /> Funds held by Lender.If,under paragraph 21.Lcrnfer shall acquire or sell thc Proprny.Lender,prior to tke aryuisition ar sale
<br /> of thr Property, shall apply any Funds lheld by Lender at the time of acqaisition�i�k��c:+s a credit again.t ti�e s�m�.c�crureJ by
<br /> this Security[nstrument.
<br /> 3. Applicatfon of Paymentv. Unless applirable law provid�is othern'ise,al!pa����ts received by Len�er under pan�eraphs
<br /> 1 and 2 �hnl! be Applied: 8rst, to nny prcpayment ch:uges due uncl�,r th�Note;u;c�nd,to amounts payuble under parugrapG 2:
<br /> third,to intcrest due;faurth, to pnncipai due;und last.to any late�hargcs due undcr thc Note.
<br /> 4. Charqes; Llens. Aorrowcr shall pay nll taxcs,assessments,charges. fines and impositions attributable to the Property
<br /> which may nttain priority over this Security lnstrument, and leasehold payments or ground rents, if uny. Borrower shall pay
<br /> thcse obligntians in the manner provtded in paragruph 2,or if not puid in that manner. Barrower shull pay thcm on time dircctly
<br /> ro the percon awed payment. Borrower shall promptly furnlsh tu Lender ull notices of amounts to be paid undcr thir� parugrnph.
<br /> If B�irrower mukcs these payments dircctly. Borrower tihall promptly furnish to l.ender receipts cvidcncing Ihe puynkut+.
<br /> Bnrrawcr tihull prumpUy di�churge any licn whirh h�►s priority ovcr this Sccurity I��Strunxnt unlcsti Borro�v�r.1��)�iEncti in
<br /> writing Ia thc payment of thc ohlf�;utiun sccurcd hy Ihc lico in u munncr�icccpt�iblc ta I.cndcr,(h)ci�ntctits in Fc��KI li�ith thc lirn _
<br /> by, ur �lefcnds ugninst cnfi�rccmont ni' ihc li�n in. I�pnl I�rurccdin�ti which iu thc lAndrr's upinion uprrntr �u prcvcnt tli:
<br /> cnt„rrrment uf the lien: ar Icl �«urc�fnxn dic liuldrr uf tlic Hcn un uµr�cment tiuUhtuctury tu l.cndrr yuh��rdlnzUing thc Ucn to
<br /> �hiti Scrurity In+trumcnt, If I.cndcr dct�rminc+tl�;�t wry ��ml �,f thc I'ro�xrry i4+uhjcc� tu i� licn wliich may nttuiu prii�rlty ��vrr
<br /> �lii+Srcurlty In,n�wncnt, I.cndrr muy �i�c Hmrawcr u nutirc idcnlH�yin�tlic lir��. kiurrowcr+hull sutisl'y tltic Ifrn nr lukc um ur
<br /> nu�rc ut'lhe ucUonv�et furth uhuve wit�iin IU d�iy�of tNc�!iving af nudrr.
<br /> S. Hwzurd or Nrn�xrty Intiurwna. li�irr�►wcr �Imll kccp thc improvcmentti nuw cxlsting nn c�r�ullcr crcctcd .in �hc
<br /> Pr��perty inyurcd uguinst lusti by fir�, h�inrds inrludrd within thc tcrm "cxtcndcd ruvcrugc"and uny ��thcr huiurJs, includinb
<br /> Ilo�xts ur IlixxUng, for which l.endcr r�yufce�Insunince. 'Phi� inYUrunce yhull he maintained in the umountz und for[he perl«1s
<br /> thut l.cnJcr rcyuircs. The insuruncc cardcr provlJing �hc insurancc shall bc rhos�n by Borrower subjcct to I.ciiJcr's approvul
<br /> e�l�i�h �ha!I nnt hr unreu��inably withheld. If Borrower fuiL: to maintain coverage deticribed abovc, l.ender muy. ut l.ender's
<br /> option.obtain coveruge ti�protect[.ender's rights in the Property in accordance wtth puragraph 7.
<br /> All insurunce policics and renewals shall be aceeptable tu Lender and shall include a�tandurd mortgage clause. Lender
<br /> shall have thc right to hold the�licics and renewals. If Lcnder rcquires,Honower�hall promptly givc to L.enderall receipts of
<br /> paid premiums And renewal notices.In the event of I�ss.Bonowcr�hall give prompt notice to the insurance currier and L.ender.
<br /> L.cndcr may muke proof of loss if not madc promptly by Borrowcr. ,
<br /> Unless Lendcr and Borrower othenvise agree in writing, insurance proceeds shall lk applied to restoru::on ar repair of the
<br /> Property damuged,if the res[orution or repair is econamically feasible and Lender's security is not lessened. If the restorution ar
<br /> repair is not economicully feusible or Lendcr's security would be Iessened. the insurance proceeds shall be upplicd ta the sums
<br /> secured by this Security Instrument,whether or not then due, with uny excess paid to Borrower. If Borrower abamlons the
<br /> Property, or does not answer within 30 days a notice from Lcnder that the insurance carrier has offered to settic a claim.thcn
<br /> Lender may collect the intiurance procads. Lender may use the proceeds to repulr or restore the Property or to pay smns
<br /> secured by this Security Instrument,whMher or not then due. The 30-day periad will begin when the notice�s given.
<br /> Unless Lender and Borrower otherwise agree in writing, flny applicatian of procceds to principal shall not extend or
<br /> postpone the due dute af thc monthly p�yments referrcd to in paragraphs 1 und 2 or ch:uige the amount of thc payrt�ents. If
<br /> under paragraph 2l the Property is xyuired by Lencler, Borrower's right to any insurance policies•and proceeds resulting from
<br /> darnagr to the f'roperty prior to the acqu�sition shull pass to Lender ro the extent of the sums sc�ured by this Securiry Instrument
<br /> immediately prior to the acquisition.
<br /> 6. Occupancy.Pr�servat[an, Aiqintenance and Protectton of the Property;Borrower's Loan Applicution;Len�eholds.
<br /> Borrower shull occupy, establish,and uu the Property as Borrower's principal residence within sixty days after the execution of
<br /> this Security Instrument und shall continue to occupy thc Property as Borrower's principal residcnce for at Ieast one year after
<br /> the date of uccupuncy, unless Lender otherwise agrees in writing, which consent shal!not be unrcasonably withheld,or unless
<br /> extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy. damnge or impair the
<br /> Propeny, ullow thc Property to deterioratc,or commit wostc on the Praperty. Borcowcr shall be in default if any forfeiture
<br /> uccion or proceeding, whether civil or criminal, is begun thut in Lender's goad fuith judgment could result in forf'eiture of the
<br /> Praperty or othcrwisc materially i�npai r ihe licn crcated by this Se:curity Instrument or I.cnder's security interest.Dorrowcr may
<br /> cure such a default and reinstate.�s.provided in paragruph IR,by causing the action or proceeding to be dismissed with u ruling
<br /> that, in L.cnder's gacxl faith dcterminaiion, preclude+ forfeiture of the Borrower's intcrest in the Propeny or other muterial
<br /> impair�rn:nt of the lien creuted by this Sccurity (nstrument or I.ender's sccurity lnterest. Borrowcr shall ulso be in defuult if
<br /> Bonower,during the loun xpplicution proces., guvc matc�iaUy falsc or inacrurate inforniution�ir statemcnts tu Lendcr(or failcd
<br /> to providc Lender�vith at�y nmteriul itifnrmut;on)in connection with thc loun eviJenceJ by the Note,including,but not (imited
<br /> w,representatiom coneerning Borrowwr's occupancy of the Proprrty as a principul rosidence. If this Security Instmment is on u
<br /> leasehold. Borcrnver shall comply with all the provisinns uf thc Icasc. If Borru�ver acquires fee tide ta the Property, the
<br /> lcuschold.tnd thc fce tidc shall not merge unless Lcndcr ugrecs to thc mergcr in writing.
<br /> 7.Protecteon uf Lender's Ri�ht�;In thc Property. if Bonowcr fails to perform the covenants und ugrccmc�u�cnntained in
<br /> • this Securiry (nstrument,c�r there is u Icg�tl procecding that muy si�*niticantly affect Lcnder's rights in tl�e Preiperty (such as u
<br /> procecding in bunkruptcy. probatc.fura�ctJemnulion or ti�rf'citure or w enforcr laws or regulations), then I.enJer �nay d��und
<br /> Quy for whatever is ncccssu��y ro protect thc vuluc of'thc Pruperty und I.endcr's rights in the Property. Lender's ucti��ny muy
<br /> �ncludc puying uny tiu►m ticcured by a lien whirh has priority nvcr thiz Serurity Instrument, uppeuring in coun, paying
<br /> reasonable attnrneys'fees und entcring ix� the Property tci muke repair,, Although L�:nder may take actiun under this parugraph
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<br /> Any nm��unts di�burxcJ by Lcndcr under this parugraph 7 .hull be�ume udditiunal Jebt uf Borrciwrr krurcd by this
<br /> Sccurity Instrumcnt. Unlcss Borr<nver and l.ender agrcc ti�othcr tcr►ns of paymcnt, thesr amounts shall hcar iiucretit frum the
<br /> dutc of disburscment at thc Note ratc and shall br payablc, with intcrest, upon noticc from Lendcr to B��rru�vcr rcyuesting
<br /> _ payment.
<br /> - 8. Mort�afie Insuranee.lf Lencier rryuind me�rtgagc insurancc ati u cemditiun oi mukin�the loun.ecureci by thi+5rcurity _
<br /> — Instrument. Borrowcr �hall pay thc�mmiums rcquircd to maintain thc mortgugc inwrancc in cffcct. If, fur any rcascm, thc =
<br />_� murtgage insuruncc coveru�c rcquired by LcnJer lapscs or rcuses tc�bc in cff'ect. Borruwrr shall pay tttc preniiums rcyuircd a� -
<br /> obtain cuverugc +ub+tantially eyuivalctN te�the mort�age insur�nec previously in effect.ut a co�t substuntially ryuivalent tu the
<br />-= cost tc� Borrower ot'thc mortgagc insurancc previously in cffect, frum an altcrnutc murtgu�c inzurcr approv�l by L�:nder. U'
<br /> � • P,,a�?„�4 Fotm 3028 9190
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