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<br /> ' ' The Funds shul! t+e held in un institution whoxe depasits are in4ured by a federal agency, in+tcuntentufity, u�' entity
<br /> � • �};, (including Leridcr, if l.cnder i�such an instiwtt�m)or in nny Fedemi Homa l.�an Bank.Lender shuit upply the Fund.c t��pay thc
<br /> �„ Excruw itcros. I.cndcr muy not chur�;c B�rmwcr fiir hni�iing und upplying thv Funds. unnually unulycing thc rsrraw urcuunt,nr -
<br /> , .., ;f�, vcrifyin�;thc Escrow(trms, wilesti l.endcr puyr Burro�vcr Interc�t on thc Funds und cipplicabtc luw permit.l.endcr tu mukc such =
<br /> . ••� a clmrge. Ho�vever.l.cnder muy rcyuire H�nawer to pay u onc•timc rharge for an independent rcul cstutc tux rcp�ming,ervicr
<br /> w � '. u�ed by l.eniier in cu�mection �vith thiti luun, unl��s r�pplicuble luw provid»ti othenvisQ. Untess un ugrrement i+ mudc ur
<br /> ...,� applicable la�v rcyuires intcrc�t tu bc paid,l.cndcr shnll not bc requircd tu pay Barcuwer uny intetcst or eamingn on thc F'unJs.
<br /> ' ' 8or►ciwcr und Lettder muy agrce in wrlting, hua•over,thut intcrest shull bc p�id on thc Funds. Lender shull givc tu Hi�rn►wcr. -
<br />: �, without eharge,un unnunl u���unting of the Funds.showing credits und debitti ro the Furtds und tho purpose for which urch
<br /> .. ' 'K debit to the Fund.r• wa,madc.The Funds ure plalged u�udditional security farall sums secured by this Security Instrument. _
<br /> If the Fu nJs hetd by ixncter exccal dte utuuuuty pemiitt�i tu be I�cld by appUrable luw,[.�:�idcr hhutt accuunt to$arra�tier
<br />;•=±� fi�r the excess Funds in au.�tdanca with the requirements of appiicable lnw. lf tha umaunt af the Funds held by I.ender nt nny
<br /> " time is nat sufficicnt ta puy the B.ecmw Items when due.l.ender may sa notify Bflrrower in wr�ting. nnd, in such r.ue Borrawer
<br />-"'� shall pay to Lcnder tha amnunt neress�try ro mukc up the deficiency. �ornrnrer shall make up the deficicacy in no more than
<br />�� twclve monthly payments,at l.ender't salo discmtion.
<br /> •'� Upon payment in fu11 af ull �um.c serured by this Security Instrument,Lender shall pmmptly reftmd to Bomawcr uny
<br /> Funds held by l.ender. If.under pnm�raph 21. I.ender shull acc�uire ar sell tlx Prnperty.I.ender.prior ta the ucquisitton or sale
<br /> of the Property,shaU upply any Funds hrld by I.ender at th�tlme af Acquisitbn or sale as a credit ngainst the sums secuced by
<br /> '�� •~ ' thiF Security 1 nstrument.
<br />-=u t;; � ` 3.Applttatto�t af Paymente.Unless applicublo law pmvldes othenvise.ell payments received by I.ender under pnragraphs
<br /> '•? 1 and 2 shull bo upplied:first, ta any prepuyment char�es due under the Note; second.to tunounts paynble under paragmph 2;
<br />��` �L '+"'� thiod,ta interest due;faurth,to principal due;and lust,to uny lute churges duo under tho Note.
<br /> `� �'��'"�� 4.Chu�a; l.tens. Bc�rrower�hall puy all tnxes, assessments,charges,fines and imposltions attributable to the 1Pmgerty
<br /> ":r:
<br /> 1v.r.l:•...•�S�
<br /> �,s_,,::.,:,i which may attain priar�ly over this Secudty Instrument.and leasehold payments or ground rents. if any. Borro�ver sQeall pay
<br />;_;;;,:r�.;�°. y;:; these obligations i�the manncr provided in pari�graph 2.or if nut patd In that manner.Borrower shall pay them on ti�e dirncdg
<br />= to the person awed payment.Borrower shull promptiy fumish to Lender all notiees of amounts to be paid under this paragr.�p4►.
<br /> "' '� ' � If Borrower rnakes these payments directly.Borrower shall pmmptly furniste to 6 ender naoeipts evidenciog the payments.
<br />�``S����"t Borruwershull promptly discharge r�ny lien which has priority over thns SEruri¢�r[ns¢cument unless Bomnwer: (a)agnees in
<br /> ,_;��,,;�. -: ; writing to the payment of the obltgation secured by the lien in a munner ucceptr.�nte¢w Ir�eder;(b)contests irt�oad faith the lien
<br />_,.�_,;,�, by, or defends agaInst enforcement of the lien in. legel pmceedings whech im tE►e [.en�er's opinian operate to prevent the
<br /> t;�y�,�, ��, enforcement c�f the lien;or(c)secures from the holder of the lien an agreeament sntisfACtary to Lender su6ordinating the lien ta
<br /> -:��;.•, this Secur�ry �nsuument. If L.ender determines that nny part of the Pr+ope�r is subj�ct to a lien which may attain priority over
<br />=�N�� this Security Instrument,L.ender may Sive Bormwer a noHce idendfying the liea�.�o�rrower shall satisfy the lien or talce one or
<br />�:.,��.�.� mom of the acdons set forth above withfn 10 days of the giving of notice.
<br /> �'"" 5. He�rd or P'mperty L�surance. Borrower shall keep the imp►ovements naw existing or hereafter erected on the
<br />�.�.:. �
<br /> �-"""'�- Praperty insua�ed against loss by fire, huzArds includod wIthin the term "extended coverage"and any other hazar+ds. including
<br /> -�"`"�"� floods or flooding.for which L.eader�+equires insurance.Thls insurance shall be maintatned in the amounts and for the peric,ds
<br />--=���:°"� that I.ender r�equfres.The insurance carrier provtding the insurance shall bechosen by Borrower subject to Lender's approvad
<br /> --�-�-� which�liali revt i,c u►u��sonabiy witrihetd. ii iiorrower fuiis to ttwiatain cvrer.ige de.teribed above. Lender m�sy. at I.cnetc��
<br /> =�siRe9GMea'A�
<br />�a_��:,�� option,obtein coverage to pmtert Lender's r�ghts in the Property in accordaIIme with p:,ra�raph 7.
<br /> �°'�'� All insuranc�policies and renewals shall be axepta6IIe to L.ender and shall include a standard mortgage clsuse. Lender
<br /> __��V;;;� shall have the �Ight ro hold the policies and renewals.If Lendcr requires,Boirower shall promptly give to Lender all receipts of
<br /> `'•W��_ paid premiiums an�renewal notices. In the evertt of loss.Horrower shall gidm prompt notice to the insurance carrier and L.ender_
<br />�_-=__ ' Lendrr zmay c^r„alce promff of loss if not made promqetAy by Borrower.
<br /> ---- � 'Ueiless Lender And Borrower otherwise agsti;e�;n wriNng,lnsurance prcaivztBs shall be applied to mstoration or repair of the
<br /> —= Praperty damaged.if the restoratian or repair is economicatly feasible aad$.,�,nder's security is not tessened.If the restoration or
<br /> � repa3r ls not eoonomically feasible or Lender's securiry woutd be lessened. .the insurance proc�is shall be applied to the sums
<br /> -_���+� setured by thia 5ecutity Instniment, whether or not then due. with any exass paid to Bomower. If Borcower abandons the
<br />=__ - �_ , Property.or does not answer within 30 days a notice fiom I.ender that the instuance carrier has offered to settle a claim, them
<br /> - , I.ender may collect the insurance prnceeds. Lender may use the proceer8:,to rePair or restore the Property or to pay sums
<br /> == secure�by this Security Instrument,whether or not then due.The 30-day pe�iad will begin when the notice is given.
<br /> — _ Unless Lender and Borrower otherwlse agree in writing. any appliaarion of proceeds to prIncipal shal! nat eatend o�r '
<br /> ��:ii;;i� � '�- po�eparte the due date of the rac�ntC�ly paymenu referred to in gata$raph's l and 2 qr change the amount of the��yments.If
<br /> ''`'`� h 21 the Pro rt �s A uired b I.ender, Bo amv.zr's n t to en ias�arance IicIes and ra�eeds msul�li� frocn
<br /> �_;;;.,Uii�!..,;� und�r P�B� Pe ��' � . y �' 8h Y Po� P �
<br /> -----__- —. damage to the Puoperty prior to the acqwsit�on shall pass to-A..ei�rler to the e�ctent oP the suma secured by this Security Instzument
<br /> � immadiately prior to the acquisition. ' .
<br /> — -- 6.Occupancy,Preservation,Maintenaace and Protectlon ot the�huu�:erry;B�rrower's Loan A�ppQcat[on;Leaseholdg_
<br />— -��— Borrower shall occupy,estabtish,and use the Property as Bonower s princiy�al r�sldenc�within sixty days after the execudon of
<br /> _--_-=_--= this Securiry I�strumeni and shaU oontinue to occupy the Property as Botraa�er's princi;p:� residence for at least one year after
<br /> ---a the date of occupancy. unless 4..�nder otherwise agrees in wrjting,which concent shaU nat.be��„�+�+nably withheld,or unless
<br /> = extennating circwnstances exisQ which are beyond Borrower's convol. Barower shall not destroy, damage or impair the
<br />-- — Property.allow tffnP'Ps�upetty,tm tteteriorate. or commit waste on the Prop>etty. Borrower shall be in default if any forfeiture
<br />- —_= action or prazead'n�g, yvhether c�vii or criminal,is begun that in Leader's�ooc� faith judgment muld result in forfeiwre of the
<br />_��� Propetty or otherwise material0y impair the(ten created by this Securiry Invauument or�I.ender's socurity interest.Bomower may
<br /> cure'sucis a default and reinst�te,as provided in paragraph 18,by causing ttne aetion�ar proceeciing w be dismissed with a ruling
<br />-��� that, in 1.ender's good faith detamination. precludes forfeitnre of ti�e }brrower's interrat in the Property or oti�er materia�
<br /> _e�=�'��.�€1 impairment of the lien created by this Security Instntment or i.end�r's seCarity interest. Borrower shall also be in default if
<br /> - ��''' `'�'��� Borrower,during the loan applicatton pmcess,gave materially fulse�az irt�ccurate infom�ation or stateneents to Lender(or faileci
<br />-���• to pmride Lender whh any material lnfonnation)in co�ection with uhe lo�n evidenced by the Note,irtsluding,but not Ifmited
<br /> __=.�•:,?.��:�:,; to.repraentations conceming Bornower's accupaacy of the 1P:op�rty as a prrincipal residence.If this Securiry Inst:ument is on a
<br /> (easehold, Botrower shall wmpIy with all the provisions o( the lease. If Borrower acquires fee title to the Praperty. the
<br />-�- �'•''�-°� leasehold and the fee title shall rtot merge unless L.ender agrcea tv the merger in writing.
<br /> �'-' ���.�' 7. Protedimn of I.ender's Rights in We Property.If Borrower fails to perform the covenants and agreements oontairted in
<br />-;, � ..`:_�,.::_ ry � P g Y $ Y S� . Pen3'(
<br />- ,•,� this Securi �nstc�ment,or there is a I al roc�eecltn that ma si enifneaanttl affect Lender s ri ss i�•ahe Pro such as�
<br /> � � � ; proceeding irs bare�ptcy. probate, for oondemnation or forfeiture off em erafarce laws or regWatiorts),then Lender may do zrt�
<br />= pay for what��ec is rteces�ary to p�tect the velue of x6ee 1Property and Lea�der's rights ir�the Pr�serty. Lendea's aciions rttaTr
<br /> _ '�y�.' PaY� � Y Y � tY aY PP� ° P Y g
<br /> -•.�. _ �, �ac0acde cz an sums secenred b a tien which Uras riotb over this Securi C��tr�ement, a n ice cw��t. a In
<br />=:,•�;���.-���is., n�sonaLsle a.C�om�ys'fees aad entering on the Property eo r�a^•ke r�airs. A l t i ro ug h L e a c 6�r may t a ke action u�c r t�is p�aragrap h
<br />= : `- x 1.Lender do�s moa have to do so.
<br />���Y"� . ti••��� My ar�ounts disbursed by Lender under this paragraph 7 shy[G become additional debt of Borrower socured by this
<br /> _ '• Security Instrument. Unless Bornower and Lender agnee to other ternu of�ayment, these amounts shali bear interest fmm the
<br /> - � � date of dtsbursement at the Note rate and shall be payable.wIth interest,up+on noeire from Lender to Borrower requesting
<br /> - ' payment.
<br />-.- 8. Mortgage inwrame.If Lender re�uired mortgage insurance as a condition of making the loan se�ured by this Security
<br /> • � Instrucnent, 6omower shall pay the premiums rpquired to maintain the mongage insurance �n eff'ect. If, for any �ason. the
<br /> '' " mortga�e insurence coverage required by Lender lapses or c�ues to be in ef(oat,Borrower shap pay the psemiums req�red to
<br /> � � obtain covecz�ge substantially equivalent to the mortgage insurance previously in effect.at a oost substantially equivalent to the
<br /> • cc�st to Becrc�wer of the mortgage insurance previously in effect, from an dternate mortgage insumr approved by Lender.If
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<br /> � � veoo s ot s Fotm 3028 9I90
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