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<br /> ;Y'��'r•���, Thc FunJ+ shall bc hcld in an in,titution whc�.c depa,its ure in,urccl by a fcdcral agency. instrumcn u y. or cntity
<br />_ . _ ,,;� �inrluding l.rndcr. if LcnJcr i.�uch an intiiitutinn 1 ur in any Fedcrul Hrnnc Lnan f3unk. l.�n�lrr�hidl apply thc Funds to p.ry thc
<br /> � Ftirr�»� Ilcm,.l.rnJcr �nuy nol char�!�Hurruwer t irr IuilJing,uid npplying thc I�und,.unnunlly anuly�in� tlu csrr��w urr�,unt. nr
<br /> a�rifying ihc G�rru�s iYrm�. unlr,�Len�cr pay�B.�rruwer imerc�t��n tlte Fund.aud applirahl�liiw prrmit.l.cndcr tu ntal�c,uch
<br />_• u chur�:r. Hu�ti•cvrr.l.cndcr may rryuira dnrroarr lu p,ry ti unr-umc rhar�r lur an inJcp:ixi�nt rr.ul r.t:dc taix rrpurting �crvirc
<br />- ��.� uhrd hy• l.cltder in r��nncrtiun wilh Ihis lu.�n, unlc.� applirahlc la�� pruvidcs �nhrnvl�e. llnlr�+ an agrerntcnl ia ntadr ur
<br /> '. t � 'ipplicut�lc luw rc�{uire.intcrc,t tu hu pai.l,l.�iklcr+hull nut br requircd to p�ry Hurruwcr amy intrre+t ur rurning.un thc f'unds.
<br />� Hurruwrr.uid L�;ndcr ro�ry ugrcc in��•ritinE, hmvc�vcr. �h:it intrrc,t shidl b�paid un�hc Funa�. l.cndcr shall �;ivc tu Borrower.
<br /> _ ., ?'^� widt��ut �hurgc. un annu:d acr�,untinE ot'ihc Fmul+. ,huwmg credit,.mJ dcbit�t��thc Fun�l,an� thc purpuk tin� whicli cuch
<br /> drh�t tu thc 1'unJti �vn� madr.'I'hr Fundti �uc��Inl�zed;�+ud�litianul.crurity ti�r all sum+scrure�hy thiti tircuruy In+trumcnt.
<br /> If il�c F�unJ, n�ia ny t��,���� �a�«.� �n� anu�atnt+ perii�ittrd tu hc hcld hy:ipplirablr I;iti��. I.ender.hull ��cruunt tu H��rr�►wer _
<br />- --t<•,.'�� fur th� cxrc+ti Funds in a�cunlanrc with thc rcyuiremcnt+ uf upplirablr luw.If Ihc umount uf'thr Fund. hcld hy lxndcr ut uny
<br /> . , iimc i+not+uffirirnt tu pay ihc E.cn�w ltcmti uhcn duc.Lrnd�r muy+o notify Hnrro�vcr in writing,and. in.urh ratic surn�wcr
<br /> � tih:dl p:ry t�, l.enJ�r the unwunt ncres��y to nul:e up the deficicncy. Hun��wer.hull make up the detir�enry in na more than
<br />-�' twclvr munthly puymcnl+.ut IAndcr'+sc�lc Ji,cret ion.
<br /> ��"" � Up�m paymrnt in I'uU of ull .ums ururcd by this Securiry Inscrument. I.cnder rhall prompUy refund to Borrower any
<br /> : � '{� Fundti hcld hy L�:ndcr. If.undcr puragraph 3 l,Lender shull ucquirc or seU thc Property. Lendcr, prior to the acquisition or tiale
<br />_ ul th�Pruperty. tihall apply any Funds held by I.cnJer at the tiine uf ucquisition or sule i�s n cndit ag.iin�t the tium�.�erumd by
<br /> ' .. thi,5ccuriry lnstrumcnt.
<br />� 3.Appllcution of Payments.Unless uppliccable law pru��ides otherwitie,all puym�nts rcccived hy Lcndcr undcr paragraphs
<br /> K.;;�. �. 1 .ind Z tihiill hc appliul: tirst. to any prepayrncnt chargcs Juc undcr the Nnte; sccc�nJ,to amount+payablc under pur.�graph 2:
<br />='`�'- • third,tu intcrc.t�luc:fuurth.tu princtpul duc;mil last.fo:1ny latc churges duc undcr thc Natc.
<br />;�s..,; ;,;,.=; � 4. Chut�cw: Llens.B�ttruwer shall pay all tunes,asscssment�, rhargcs, fines anJ imp��sitiom attributahlr a�thc Prapeny
<br />�1�.• �•;;;.. H�hirh may uttain priority ovcr thi,Sccurity lastrumcnt, and lcascliuld paymcn�s c�r grounJ rents, if uny. Horrowcr shall pay
<br />�r/..; .
<br />=i:.��,+r�'�:° thc+r ubligations in ihc manncr providcd in paragruph 2.or if not puid in thut manncr, Borrow•er shull puy thcm on ti��ie direct y
<br />-'.,,,,,,r.x;,x;:, to thc per+on owed paymct►t.Borro�vcr sh•rll proinplly f'uri�i�h to Lender ail notices of umounts to bc paid under this paragraph.
<br />_A:�;�r�' � If Burro�ver makes thesc payments directly.Bam�wer.hall promptly furni�h to Lender receipts cvidencing the payments.
<br />;=`�#'.��� �. Barrawer shull pramptly discharge :iny l icn which hus priority over this Security Instrument unless Borcower: (ul.�grces in
<br />;;;, r + writing to thc paymcrt of the obligation Sccured by the lien in a munner acccptable to C.endcr: fb)rontcsts in good faith thc lien
<br />=`���-=''-� by, or defends:tgainst enfurcement uf the lien in, legul proceedings which in the Lender's opiniun operate tu prevent tl�e
<br /> !.y�
<br /> ,;, ,,;.... enforccmcnt of thc licn;or(r)secures from thc hulJcr of the licn an agrcement satisfactory to i.rnder,ubordinating the lien tu
<br />-��u�'�a� this Securiry Instrument. If I.endcr determinesihatt uny part of the Property is subjctit to a lien which may attsin priority over
<br /> ==`.'"»�':F3�7 this Security Instrument,l.r:nder may givc Bortnwer a noticc idcntifying thc hen. Borrower shull satisfy the lien or take one or
<br />-�;�,�=�-_° more of the uctii�ns sct forth abi�vc wuhin 10 ci�ys of thc giving of noticc.
<br /> - 5. Hazard or Property Insurnnce. Borr�wcr shall k�ep thc impruvemcnts now existing on c�reaftcr erected on the
<br /> Property im:ured ugainst locs by fire, harards included within thc tcrm"extended coveragc" and uny other hnzards, including
<br /> ""�'r�a�i�_ . tlouds or floodin�,for which Lender requires insurauce.This ins��runce shall be maintained in thc amounts and for tl�e periods
<br /> -'-�.��a,v„�� that L.ender rcquires. The insurancc carrter providing the insurance shall 6c chosen by Borrower subjcct to I,ender's approval
<br /> —t,����� tYhlCh Sh�ll not i�c unrcasonabiy wichhcIu. IiBurruwcr iuii� iu u�aiutai�� iu'rcldbE: u�iGilF,"�..3" ��LC, L.:iit�^.i Ri�j, at Lcr.der's
<br /> ___—_ option,obtain coverage to pratert Lender's cights in the Property in accurdancc with paragruph 7.
<br /> --°-_-- All insurance pol�cies And renewals shall be acceptable to Lender and shall include u standara mongage duuse. Lender
<br /> �---- shall have the right to hold the Qoliciez und recewals. If I.ender rcquires,Borrowcr shall promptly givc to Lendcr all rcceipts of
<br />—_— paid premiums and rene«•al not�ces.In the eveat of loss,Borruwcr�hall gi ve prompt nutice to the insurance carrier and Lender.
<br /> _-:�;��� L,ender may make proof of loss if not made pranptly by Borrower.
<br /> Unless Lender and Borrawer otherwise agree m writing, insurance proceeds tihnl I he applied to restoration or repair of the
<br /> Property damaged,if the restoration w repair iseconomically fu�sible and I.ender's security is not lesxoned. [f the re�toration ar
<br /> repair is not economica�ly teasibte or Lenucr +sc:wri�y wuuiu uc ia,anuu�t.ii�c:iu�wau�a;N�u�w�Sa ahdl{ i��dpplE:,d to illc;Bms
<br /> - secured by this Security Instrument, whether or not then due, with nny excess p�id to Bonower. If Borrower ubandons the
<br /> Property,or does not ansuer witl»n 30 days a notice from I.ender that the insuranco carrier has offered to settic a claim, then
<br /> [.ender may coUect the insurance proceeds. Lender may use tl�e proceeds to repair or restore the Properry or ta pay sums
<br /> secured by this Security fnstrument,whether ornot then due.The 30-day period will begin when the notice is given.
<br /> Unlcas l.ender and Boaower othenvisea�ree in writing, any application of procecds to pdncipal shall not extend or
<br /> postpone the due date of the monthly paymems rcfcrred to in paragruphs I �nd 2 or change the nmount of the payments. If
<br /> under paragraph zl the Property is acquired by L.ender,Borcower's right ta any insurance policies and proceals resulting from
<br /> damage to the Property priar to the acquisitionshull pass to Lender to the extent of the sumc secured by this Security Instrument
<br /> immediatcly prior to thc acyuisition.
<br /> 6. Occupancy,Preservation,Maintenanre �nd Protectton of the Property; Borrower's Loan Appllcatton;I.easeholds.
<br /> Borrower shall occupy,establish,and u�e the Propeny as Borrower's principal rcsidence within sixty days after thc execution of
<br /> this Security Instrument and shall continue to occupy the Property us Borrower's principal residenee for at least one year after
<br /> the date of accupancy, unless L.ender otherwix agrces in writing, which �onsent shall not be unreasonably withheld,or unless
<br /> extenuatin� circumstances exist which are bcyond Borro�ver's controt. Borrower shall not destroy, damage or irr�pair the
<br /> Property,allow thc Praperty to deteriorate, a commit wastc on the Property.Borcower shull be in defuult if any forfeiture
<br /> action or proceeding, whether civil or criminal, is begun that in I.ender's good faith Judgment could result in forfeiture of the
<br /> Property or nthenvise materiully impair the 1 ien cmated by this Security Instrument or Lender's security interest.Borrower may
<br /> cure such a default and reinstate,as provided in paragraph 18. by causing the action or proceeding to be dismissed with a ruling
<br /> thut, in Lender's good faith detcrminatian, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> impaircnent of the lien cr�:nted by this Securiiy Instrument or Lender's security interest. Borrower shall also be in default if
<br /> --�--� Bormwer,during the loan applicxtion pmce�s,g:.ive materially false or inaccurate lnformation or statements to Lender(or failed
<br /> _ __ - to pmvide Lender with any material information)in connectinn with the loan evidencrxl Ny the Nate, including,but not limited
<br /> °---�— to, rcpresentations concem�ng Borrower'�occupancy of the Propeny as a principal residencc. If this Security Instrument is on a
<br /> -- -- - Ieasehold, I3orrower shall comply with all the provisions of thc lense. If Borcower acquires fee title to the Property, the
<br />-_. _ _ -=.==:� leaschold und the fce titic shsll not mer�ec unlas Lendcr agrees to the merger in writing.
<br /> _;:�.�� 7.Protection of Lender's Ri�hts in the PropeMy.If Borrower fails to perform the covenants und agreements cantained in
<br /> ---�_---� this Security Instrument, ar there is a legal pmcecding that may significantly affect Lender's rights in the Proparty (such as a
<br /> -_-_--- - - proceeding in bankmptcy, probate. for condemnation or forfciture or to enforce lawti or re�ulutions), thcn iw:nder mny do and
<br /> _-°--_- Qay for whatevcr is neceswry to protect thc val uc of the Property nnd Lendcr's rights in the Property. Lcnder's actions may
<br /> _ ° includc paying :tny sums sccurcd by a lien�vhich has priority over this Security Instrumcnt, uppcnring in court, paying
<br /> ---_-�_-= reasorwblc atrorncvs' fces.md entcrin� on the Property to make repuirs. AlthouFh Lender may take uction under this paragraph
<br /> --�_+K� 7,(.,cndcr docs not havc tu du su.
<br /> __--r;�;� Any amounts disbursc�l hy L,rnder unJer this paragraph 7 shall become t�dditional debt of Bormwer secured by this
<br /> "� Sccurity Instrument. Unless Borniwer and L�micr a�me to othcr terms of payment, thesc amounts shall bear interest from the
<br /> 4°���� datc i�f di�hursemcnt at the Nutc ratc �nd shall be payable, with intcrest, upon notirc from Lt:nder to Borruwcr rcqucsting
<br /> _-,�-��_k.
<br /> _,•_wrc paymcnt.
<br /> _`-�'•�s�= r; S.M1inrtgu�;e Insnrnnce. 11'Lender Rquirai mortgage insurance as a condition of making the los�n sec�tred by thir 3ecurity
<br /> �'�''" " lnstrument, Borruwcc �hall a thc rcmiuim rc uired to maintuin thc mon a e insurancr in effect. If, for an re:sson, tl�e
<br /> '�.;-,5:'`'�1.':;: P'Y p y 6 C Y
<br /> mortgu�c in�urancc rovera�c rcyuireJ by[.cnder lapses e�r rcuscs ta bc in cffect. Borrnwer shall pay the premiums rcyuircd to
<br /> ��"�;. ,,'.. abtuin rovrragc �ub+tanti.�lly�yuivalent�n thenlort�age insur�nce previously in effect, ut u cost substantially eyuivalent to the
<br /> _ -� co�t tu Burraµ•��r u l t he mo rtEagc i nti u ra nrc p r�v i o u s l y i i�c f f er t, f r o m a n a l t e m.i t e m o n g a g c i n s u r e r a p p r o v e d b y L e n d e r. T f
<br /> 1��r+et'?';�
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<br /> -'":��'"'"'#i Podo�o�a Form 3028 9190
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