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<br /> Thc Funds shall be hcld in +�n institution whosc dcposits are insurcd by n fcdcril ug�,�y��+tii�n�u���Y.g cntity
<br /> (includin�l.cndcr,it'Lcndcr i��urh un institution)or in any Pcdcrnl Hi+mc la�.m Hank. l,cndcr.h�di upply ihe Funds to pay tl�c
<br /> E�rruw licmti. Lcna�r muy n�n chargc Hnrr�»vcr fiu holdin� and upplyinE the 1'unds, unnucAly;mulycing thc r.cruw acaiunt,or
<br /> vcrifying the Escrow lte�ns,unle.ti l.endcr puy+Burmwer interetit on the}•unJ, .md upplirahlc law pernntti I�:ndcr tu muke such
<br /> u �hiu��r.Huwcvcr. I..cndcr muy rcyuirc Hurrua�cr to pay u unc-timr chur��c fur an indcpcndent rud c+tutc iax rcpurting ycrvicc
<br /> u+ed l�y Ixndcr in connectian with this lu�ui, unlc�. npplic�iblr luw pravidc+ utherwi+c. Unlcss an agrccntcnt is tnadc or
<br /> npplicc►blc li�w rcyuires intcr�tit tn bc paid, l.cndcr.hi►II nat bc rcquircd tn pny H��rruwcr;uiy intrrc�t ur carnings on thc Funds.
<br /> Burrower unJ Lender muy ugrce in writin��,huwcver. that iuterest shall he puid un thc Fund,. I.cnder yhall�ivc to Horr��wer.
<br /> without chargc, an annuul ncrnunting ��f tlu Fund+, tihuwing creditti und dcbit�t�+ thc Fun�is unJ thc purpoxc f'ur which ca�ch
<br /> dcbit tu ihe Funds was made. The Funds are pledyed«ti ndditional�ecuriry ti�r ull�ums securcd by this Secunty Instrument. �
<br /> It'the Funds held by l.ender excecd the amuunts pennitted to be held by upplicuble law. LenJer shal I ucruunc to Bonuwcr
<br /> for the excess Funds in uccordiince with the rcyuirement.r of applicable law. If the nm��um of the �unds heW by L.c:nder at uny
<br /> time i� nnt sutficient tn pay the E�cri�w Items when due.I.ender rnay �o nutify Borrowcr in writing,und, in cudi rasc B��rrower
<br /> ,hall pu}�tu Lcndrr thc umount ncccs>utry tn ntukc up thc dcfici�ncy. Borri�wcr�hull mxkc up th�dcGcicncy in nu murc than
<br /> twelvc munthly paymCnts,at Len�er's tiolr Jiscretiun.
<br /> Upnn payment in fuU uf all sum..ecureJ hy this Sccurity Inrtrumcnt, Lsndr.r �hull prumptly refund to Born�wer uny
<br /> Funds hcld by l.ender.If,under pariigrnph 21, l..:nder shuU acyuire or sell thr Propecty. IAnder, pnar to thc urquisition or tiulc
<br /> of the Property. shall apply any FunJti held hy l,ender at the time of ucyuuiti��n or�ale us:i rredit ugain,t thc+unu recund by
<br /> this S�curity Instrumcnt.
<br /> 3.Applicution ot Payments.Unless applicuble la�v provides nthenvi.c.uU paynunts received hy 1.cnJer under paraeraph�
<br /> 1 and 2 shall be applictil: fint,to uny prcpayment charges duc undcr thc Nutc: secund, ro amounts payuhle unJcr paragraph 2;
<br /> third,ta interest duc:founh. Io princ�pul due;anJ la�t.t��any late churgcs duc wider the Note.
<br /> 4.Charges;Licns. Borrowcr.hull pay ull taxes,u,scstiments, char�es, f nes und impu+itinns uttrihutable w thc Propcny
<br /> which may attain priority nver this Securuy Instrument. und Ieasehold payments��r grounJ rents, if any. Borrower shull pay
<br /> thc,e ubligutions in thc manncr prervidcd in paragraph 2,or if not puid in that manner. Borrower shaU pay them on[ime directly
<br /> to thc peniin owcd payment. Borrower shall prompdy fumish to Lender all notices of umount+to be puid under this parugraph.
<br /> If&�rrc�wer makc�thcse payments directly,Borrower shall promptly fumitih to i.ender receipts evidencing thc paymcnts.
<br /> Barrower shull promptly Jischarge any lien�vhirh has prioriry over this Security Instrument unless Fiarrower: (a)�grees in
<br /> writin�to the payment of the obligation secured by the lien �n u manner acceptable to Lender:th)contests in�ood faith the lien
<br /> by, or defends aguinst enforcement of the lien in. legal prcxeedings which in the Lender's apinion operate to prevent the
<br /> rntorcement af the lien; or(c)sccures from che holdrr of the lien an agrecmcnt+atisfactory to Lcnder�utxrcJinating the licn to
<br /> this Security Instn►mcnt. If Lender deterniineti that sn��part of thc Property is subject ta a licn which muy attain priarity ovcr
<br /> this Scwrity Instrumcnt. Lender may give Borrower a nuticc identifying thc lien.Borrowcr�hall sutisfy thc lien or tuke one or
<br /> more of�he uctiom tiet fonh utwve wrthin 10 days of the giving of notice.
<br /> 5. Hazard or 1'roperty Insurnnce. Borm�vcr xhall keep the improvements nuw existing an c�rcafter erectcd on the
<br /> Propeny insured against loss by tirc, hvards inrludcd�vithin the tcrm "cxtcnded roverage" and uny othcr hazisrds, including
<br /> floais cx flaoding, for which Lender requires insurance.This insurunce shull he muintaineAi in the amuunts und for the periods
<br /> �iiui Lr�nir� �eya���a.The ir.;urar:�:a�;i.r proeidir.� :he :ClSJi�i!rn �h��ll h��.•hncen hy Rorrnwer subiect w L.ender's approval
<br /> which ,hall not be unreasunably withheld. if 8orrower fails to maintain cnvcragc dc�cribed abovc. I.ender may, at Lender's
<br /> uption,obtnin coverage to prutect I.ender's rights in the Propeny in uccordunce with purugraph 7.
<br /> All insurance �licics :�nd renewul� shall bc acceptuble to Lender und shall include a standard mongage clause. [.ender
<br /> tihall hove the right to hald the policies und renewals. If I.ender requires, Borrower shull promptly give to l.ender all receipts of
<br /> paid premiums and renew�l nottces.In the event of loss.Barrower shull give prompt notice to the msurnnce carrier nnd Lender.
<br /> Lender may make proof of loss if not mnde promptly by Bono�ver.
<br /> Unless I.ender and Horrower otherwise agree in writing,insurunce proceeds shall be applied to restoration or repair af the
<br /> Property damagcd, if the restoration or repuir is economically feasiblc and Lender's sccurity►s not lessened,If the restoration or
<br /> repair is not economically feasible or I.endcr's security would be Iessened,the insurance proceeds shall be applied to the sums
<br /> secured by this 3ecurity Instrument, whether or not then due, with any eacess paid to Bormwer. If Borrower abandons the
<br /> Property, or does not anawer within 30 dsys a notice from Lendcr that thc insurancc rarrier has oftered to settle u claim, then
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> secured by this Security Instrument,whether or not then due.The 30-duy period will begin when the notice is given.
<br /> Unless Lender and Borrower otherwise agrce in writing. any applicution of prcxeeds to principal shall not cxtend or
<br /> nostpo��e thc due date of the monthly payments referred to in paragraphs l and 2 or change the amount af the payments. If
<br /> undcr paragrnph 21 the Property is acquired by Lender,Bottower's right to any insuranre policies and proceeds resulting front
<br /> damuge ro the Property prior ro the ucquisition shull pass to I.ender to the extent of the sums secured by this Security Instrument
<br /> immediately prior ta the acquisition.
<br /> 6.Occupancy, Preservation,Maintenunce and Protection oi the Property;Borrower's Loan Appllcatlon;Leaseholds.
<br /> Borcower shell occupy. cstablish,and use thc Property as Bonower's principal residence within sixty days after the executian af
<br /> this Security Instntment und shall continue to occupy the Property �►s Borrawer's principal re.cidence for at least one year after
<br /> the ddte uf occupancy, unless l.ender othenvise agrees in writing,which consent shall not be unreasonably wfthheld, or unless
<br /> extenua�ing circumstunccs cxist which are beyond florrower's control. Borrower shall not destroy, damage or impair the
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shnll be in defnult if any forfeiturc
<br /> action or praceeding,whether civil or crimin:tl, is begun thut in Lender's good ftiith.judg:nent could result in forfeiture of the
<br /> Propeny or otherwise materially imp:iir the lien created by this Security Instrument or I.ender's security interest. Borrower may
<br /> cure such u default :�nd reinstate,us provided in paragtaph 18,by causing the action or proceeding to be dismissecl with a ruling
<br /> that, in Lender's �ood faith dcterminution. precludes turfeiture�f the Borrower's interest in thc Property or other material
<br /> impuirn�ent of the lien cre:ited by thiti Security Instrument or Lender's security iuterest. Borrower shall also be in defuult if
<br /> Borrower, during thc loan upplirution pruces.,gavc materially 1'alse ur inuccumte information or stutcments to L.endcr(or fniled
<br /> to providc Lender with any material information)in connection with the loan evidenced by the Note, including.but not limited
<br /> to,representetions conceming Borrowcr's accupancy af the Yroperty as a principal residence.[f this Securiry Instrument is on u
<br /> leasehdd. Borrowcr sliull comply with all thc provisions of the lease. If Borrower a�quire+ fce title to thc Praperty, thc
<br /> Iwschold and 4hc fee title shall not mcrge unlcss Lender ugrces to►he mzrgcr in writing.
<br /> 7.Protectlon of I.ender's Rights in the Property.If Borrower fails te�perfonn the covcnants and agreements contained in
<br /> � this Sccurity Instrument,nr thrrc is a Icgal procceding that may.i�nificantly affect L.endcr's rights in the Property (such as a
<br /> • pmceeding in bnnk�uptcy. probate. for cundemnation or forf�eiture or to enforee luw. ur regulations), then I.ender muy do and
<br /> p,ry for whntcver is ncce�saq to protect thc v�lue e�f the Praperty and Lcndcr's rights in the Pr��pcny,Lender's actions may
<br /> include paying any surns secureJ by a lien which has pr�oruy over this Security Instrumont. appeanng in coun, puying
<br /> •�.L_.._u r....,1...». . �..Lo.,,.rinn��nrinr tl�lc ruiniaranh
<br /> ' Yl'8ti00�b10 8[TOTI10y5 iCeS hclU l`IILC�iIIb otl U�e Ctu�lCtiy it� iiidiic icNdiiS. n�u�vuN��....••.... ...::j ........--._...._..__. .... , „ ,
<br /> 7,Lcixlcr does nut havc lo Jo sc�.
<br /> Any amount:, disburscJ by Lendcr undcr this paragruph 7 shall become additionat dcbt of Borrower securcd by this
<br /> Sccurity instrumcnt. Unless Borrowcr und Lender agrcc to other tcrm� of paymcnt, thcsc amountx shall bear interest from the�.
<br /> datc of disbursement :.tt thc Ncnc ratc xnJ tiIIAII hC payablc. with interest, upon noticc frc�m i..cnder to Barrowcr requestingi,,'
<br />__ payment.
<br />-� 8.Murt�ugc Insurnncc.if LcnJcr rcyuircc!mongagc intiurancc as a conditi�m of making thc Ic�an sccurcd by this Sccuriry
<br /> Instrumcnt. Borrower slull pay thc prcmiums rcyuired to maintain the mortgagc in�urancc in cffect. If, far any reason, thc _.
<br /> nx�rtgaEe insurancc c<�vcragc rcyuircd by Lendcr I�pseti��r ceascs to be in et'fcct, Borrower>hull pay thc premiums rcyuircd to. ,
<br /> - uhtain cuveruge Substuntially cquivxlent to dic martgage insurance pmviously in eTfect,at 3�ust subatuntially equivulent to the
<br /> - co.t to Borr��wcr af thc mimg�gc�insurancc prcviously in cffcct. from an altcrnatc rnurtgagc insurcr approved by Lcndcr. If
<br />= nos,o a oi a Form 3028 9l90
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