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<br />-:�::� 87— 10�iO4a.
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<br /> ��T,1F� The Funds shull bc hcld in nn institution whcnc deposits ure insurcd by a federul agcncy. instrumental�ty. or ennty
<br /> ,., �} (inclu�ling l.cndcr,if'Lcndcr is+uc:h an institution)cir in ciny Fcdcral Hninc L�:m B:�nk. l.endcr shaU:�pply chc Funds to puy t�c
<br /> s.a; ��cruw Items. L.cndcr muy uot churge Bi�rrowcr fur hulding anJ applying the Funds,annually unalyring the e�crow uccount,or
<br /> ''=' vcrifying thc��r�ow Ucm+, unles,Lcnder pays Borrawer interest an thc Funds.md applics►ble luw pcnnus Lcnder to muke tiuch
<br />`�K�= n rhurgc. Hi�wcvcr. Lcn�tcr muy requirc Hurrawer to pny a unc-timc charge tbr an indcpendent rcul estutc tax reporting scrvicc
<br />'��''�� uscJ hy L.ender in ronncctian with this loan, unlcss upplicablc luw providcs otherw�sc. Unless un ngrccmcnt i:, made ur
<br />����: upplirablc I;nv requirc�intcrest to bc paid, I.,�ndcr tihull not bc requircJ�o puy Horrower uny interest or earning�on thc Fu»ds.
<br /> _��� Borri�wcr und I.4:ndrr muy agrce in a�riting, however,thut interest shuU be puid on the Funds. LenJcr shull give to Ba�rower.
<br /> withuut rhargc, an annuul accounting of the Funds, showing credits and debits to the Funds and the purEwse for which exh
<br /> dcbit tu the Nundti�vus madc.Thc Funds urc plcdgcd u.,uJ�litiunul�e�:urity I'or all sun�s sccurcd by this Secunty Instrument. �
<br /> ''"� [f the Funds held by Lender exceed the iunounts permitted to be hetd by apPlicable luw,I..ender shall accaunt to 6orrawer
<br />-_4�� for the excess Funds in accurdance with the requirements of upplicuble law. If the umount of thc Funds hcld by Lcnder At any
<br /> time is not suf6cient to pay the Escmw Items when due.I..ender may so notify Borrower in writing, und,in such cuse Borrower
<br /> ��' �hall pay tu Lrnder the umount nece�sury cu make up the deficiuney.Borrower shall muke up the Jeficiency in no marc than
<br /> ��� twclvc monthly puyment�.at L,endcr'.tiule di,cretion.
<br /> ._=�,� Up�m paymcnt in t'ull ��t'uil tiumti sccurcd by thi� Security Instrument, I.ender +hull promptly refund to Borrowcr uny
<br /> Funds held by L,endcr.if,undcr pura��uph 21, Lendcr tihull ucquirc or scll thc Property. Lender,Pnar to the ucquisition ur sale
<br /> N`� �if the Properiy. shall apply uny Fun�ti held by l.ender ut the timc of acquisition ur sale as u credU ugainst the sums securul by
<br /> *�ig this Security Instrument.
<br />_�=�°� 3.Applicudon o[Ps►yments.Unless upplicablc law provides otherwisc, ull payments rcccivcd by Lcnder undcr purxbraphs
<br />'� l and 2 tihall be applied• fint. to any pmpayment churgeti due under the Notc;seconJ, to umounts pnyablc under pacagraph Z:
<br /> third,to intcrest due•founh,tu principal due:and li�+t.to any late ch�uges Jue under die Note.
<br /> 4.Chargcs;Lfens. Borrowcr shaU pay all tuxcs,ussessments. charges. fines und imposition�u[tributublc to thc Property
<br />_—_ �vhich may attsun priority nver thi, Security Tnstrument, und Ieuaehuld payments or ground rents, if any. Borruwer shuU pay
<br />_.`.�,=� these obligations in thc munner provided in paragraph 2,or if n�t paiJ in �ha� roanner, [3orrowcr shall pay them un tim�dircctly _
<br />- to the persan awed payment. &�rrc�wer shull promptly furnish to Lender ull notices of amounts to bc paid under this paragraph.
<br /> ���� If Rorrower makes these puyments directly.Borrawer shall p�omptly furnish to Lender receipts evidencing the payments.
<br /> '..�� Borcowe�shall prompdy discharge any lien which has priority over this Security 4istrument unless Borr��wcr. (u)ugrces in
<br /> ---�--�' writing to the payment uf thc obligation secured by thc lien in a manner acceptablc to L,ender, (b)contests in goc�d fuith thc lien
<br /> � by, ur defends against enforccment of thc licn in, Icgal procccciings which in thc Lender's opinioa nperate to prevcnt the
<br /> "'��� enfoncment of the lien; or(c),ecures from the hulde�of'thc lien:ui agreenunt sutisfuctory to Lendcr subordinating thc lien to
<br />-------' this Sccurity Cnstrument. If Lender detennines that uny purt uf the Property is subject to a lien which may attuin priority over
<br /> this Securiry instrument, L.endcr may givc Bnrrower a notice idcntifying the licn. Borrrnv��r shull satisfy th� licn or tuke onc or
<br />��„�.� more of the uctiuns set forth abovc wi[hin IO dAys eif the�iving of notice.
<br /> •—-� 5. Hazard or Praperty Insurance. 9an•awcr shsll kcep the improvements nnw existing or hereafter erected �on the
<br /> - Property insured aguinst loss hy fire, huzurds included within the term "r.xtende.i covcrage" and any other h;acurds, including
<br /> — floods or floading, fbr whirh Lcnder rcquires insurance. This insurance shull be muintained in the a�naunts and for the periods
<br /> that Lxnder reyuires.The insurance carrier providmg tne insurance snuti oe ci�u,e:���y L'�cr3•::cr ':��.1c:•s'•�Lnn���•�:�pprova� ,
<br /> which shall not 6r unreasonably withheld. If 8orrower fuils ti� maintain cciverage described ubove. Lender may, at L.ender's
<br /> uption.obtain covcruge tu protcrt Lcndcr's rights in thc Propcny in acc��rdancc with paragraph 7.
<br /> All insurance }xdiries and renewuls shall be acceptable tc� Lender and shall include a standard mortgage clause. Lender
<br /> shaU have the right to hulJ the policies and rencwuls. If Lcndcr rcquires,Bonower shall promptly givc to Lcnder all�cceipts of
<br /> paid premiums and renewal notices. In the event of loss, Burrower shall give prompt notice ta the insurunce carrier tind Lender.
<br /> Lender may mukc pranf of loss if not made promptly by Borrower.
<br /> Unlcss Lender and Boirower o.herwisc ugrcc in writing, insurance procecds shaU bc applied to restaration or repair af the
<br /> pmperty damuged, if the restoration ur repair is economically feasible and I.ender's security is not lessened. If the restoration or
<br /> repair is not cconomically feasiblc or Lender's scrurity would be lessened, thc insurunce procecds shull be applted to the sums
<br /> secured by this Security Instrument, whetlier or ncn then due, with any exeess paid to Borrower. If Borrower abandons the
<br /> Property, or does na unswer within 30 days a nnticc from Lender that the insurance carrier hus offcred to settic a claim,then
<br /> Lender may collect the insurance procecds. I.ender may use the proceeds to repair or eestore the Property or to pay sums
<br /> secured by this Security Instrument,whethcc or not then due.The 30-�ny period aiill 6egin when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writin�, any application of procceds to principul shall not extend or
<br /> pnstpone the due date of the monthly payments rcferrui ro in paragraphs 1 and 2 or change the amount of the puyments. If
<br /> under paragraph 21 the Property is acquired by Lender, Borrower's n�ht to any insurance polictes and praceeds resulttng from
<br /> du►nuge to the Propcny prio,•to the acquis►uon shall patis to Lendcr to the extent of the sums secured by this Securiry lnstrument
<br /> immcdiately prior to thc acquisition. ,
<br /> 6.Occupancy.Preservation,Maintenance and Protection of the Property;Borrower s Loan Appllcatton; Ixu_�elwlds.
<br /> Borrawer shull occupy, establish.and use the Property as Bon�ower's principal re�ideiice within sixty days after the execution of
<br /> this Security Instrument und shall cantinue to occupy the Propeny us Horrower's principal residence for at Ieast one year aftet
<br /> the dute of�xrupancy. unles,Lender otherwise ugrees in writing, which consent shall not be unreusonably withhcld,or unless
<br /> extenuating circumstunccs exist which xrc bcyond 8orrowcr's control. Bonowcr shall not destroy, d�magc ot impair the
<br /> Property, allow the Property to deteriorute. or commit wa�tc on the Propeny. Borro�ver shnll bc in default if�ny forfeiture
<br /> actian or proceeeling, whether civil or criminal, is begun thut in Lender's good faith judgment could result in forfeiture of the
<br /> Property or othenvi�mutcrially impair the licn rrcatcd by this Security Instrument or Lcnder's security interest.Borrower may
<br /> cure such a default and reinstate,us provided in par:�graph IR, by causing the action vr proceeding to be dismissed with a ruliog
<br /> thut, in Lcnder's gooci faith determination, preclude+ forfeiturc of the Borrower's intcrest in the Property or other material
<br /> impainnent of the lien cn;ac�d 6y this 5ecurity Instrument or Lender's security interest. Bonower shall ulso be in default if
<br /> Bonower.Juring thc loan upplicution proccss,gavc mat�rially falscor inaccuratc information or statcments ta L.cnder(or fuiled
<br /> --- tn provide Lender �vith any materiul information) in connectian with the loan evidenced by tbe Note, including,but not limited
<br /> -- to, representatians concernmg Burrower's occupancy uf the Prupe�ly ak a principul rcsidencc. If this Secu�ity Instrument is on a
<br /> - -��� Icaschold. $orro�ver shall comply with all thc provisions of the leuse. If$orrower acquires fcc title ro thc Propeny. the
<br /> - _-= leaschold and thc fce titic shall not mcrge unless I..ender agrces to the merger in writing.
<br />__--= 7. Protectton of Lender's Rights in the PropeMy.If Borrower fails to perform the covenanth und ugreements contained in
<br />:_��� this Sccuriry Instrument, or there is a legul proceeding that may significandy affect L.ender's rights in the Pmpercy(sueh sis a
<br />'=- proceeding in bankruptcy, probate. Cor conJemnation or forfciture or to enforce laws or regulutions), then Lender may dn and
<br /> — pay for whatevcr is neccssury to protcct thc valuc of the Property and Lcndcr's rights in thc Pmperty. Lender's actions may
<br /> -�_=_— �„,.t��d� navino attv ���m. ��cureci bv n licn which hus nrioriry over this Security Instrument, appcaring in court, paying
<br /> r� -- �_�...� .. -.
<br /> __--.s:� reasonable uttorneys' fces and entering on the Property to make repairs.Although I.ender may caice ac�ion u��uc� «��s Na�ab=..M.
<br />_ �_�+�;,a 7, l.ender does not havc to do sc�.
<br />�;��. Any umuunts di�burseJ by Lender under this pamgraph 7 �hall become additionxl debt uf Borrower securcci by this
<br />-;;,,,�.•�'' � Securiry Instrumcrn. Unlesti Borrowcr und I.cndcr agree to other tcrms oC paymcnt, these amounts shall bear interest from the
<br />_-.,�;��s� datc ot' disburscment at thc Nutc rute und shull tx payuble. with intcrest, upon notice from Lcnder to Borrower requesting
<br /> :,--:-�y, paymcnt.
<br />,.?.,8�.�_,�;r 8, biort�u�e Insuranee. lt Lendcr reyuired murtguge insurunce ati u condition of muking the Ivan Secured by this Seeurity
<br /> ''t ' Instrumcnt. Borrowcr shall puy thc premiums requircd to muintain thc mortgu�e insurance m effect. 1f, f'or any rcasun. the
<br /> -�`:. :. . .
<br /> •.,.�,,�.�V�',,;; ntottgage in+uranrc rovcr;igc rcyuired by L.ender lapscs ur ccases to bc in effect.Borruwer shall pay the premiums requinxi ro
<br /> P obtain cuvera�e�ubstanti;�lty cyuivalent to the mortgagc�ntiurance previously in effect, at a cost substantixlly equivalent to the
<br /> r.. ,�.:;�.
<br /> 1�9;;�,�;;_�.� rost tu Biirrowcr ol'thc morigagc'inwrancr prrviuusly in rffcrt. fn�m�n altcrnate murtgagc insurcr approvcd by Lcadcr.If
<br />_. ,�Y�i�
<br /> �,','• � ��UO?��a Form3028 9190
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