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<br /> , ' gorrawa'a esaovi account under the toderal Real�.stete SatUement Procedurea Aat ot 1974 ea amendad from dme to time, 12 U.S.O,
<br /> .. _ �..
<br /> � . 2801 et seq.(°RESPA`),untoas anotber law that appliea to the Funds seta a lesser amount H so, Lender may,at any dme,coAeot ar,d
<br /> • , x hold FunQs in en amount not to exceed the lesser amoun� Lender may estlmeto!he amount ot funds due on the basis of current data
<br /> • end reaaonable estlmMas ot expenditures ot tuture Eacrow Items or otheiwiae In aceordance wttb applieable law.
<br /> � The Funda shall be held in an Instttution whose deposita ere insured by a federal agenay. Instrumentailty, or enUry (Induding �
<br /> "� Lander,it len�er lo such an inatltution)or In any Federat Home Loan Bank. Lender shall appty the Funds to pay the Eecrow Itema.
<br /> Lender may not cherge Borrower tor holdtng and appl�MB the Funds, annually analydng the eacraw eccount,or vodtying the Escrow � �_
<br /> �,,,, "� Items,unicias Lender pays Botrower intereot on the Funds and applioable Iaw permfts Lender to make auch a oharge. tiowever.Lender ' �
<br /> may requlro Borrower to pay a onatlme eharga tor an indepar►dant renl estate tax reporting service usud by Lender in connecUon witb �
<br /> ' '�� thta toan,untoss applloabte taw providea othenMsa Uniess an agraement Is made or epplfoabta�sw requires iMerost to be pald,Lender Q
<br /> ` ehall rtot be required to pay Borrower any ir�erest or eaminga on the Funds. 8orrower and Lender may agree In wdtlng,however,that
<br /> �����„�� tr�erest sha11 be patd on the Funds. Lender sh�l ghe to Botrov�er, wfthout charge, en ennual accounttng of the Funds, ahowing
<br /> credtts and debifs to the Funda end the purpose br v�hlclt eaah debft to the Funds wes made. The Fundo are piedged ea additionai �
<br /> � � security for all aums aecured by tt►ts Securily InaUUmenL _
<br /> � B the funds fiatd by Lender exaeed tho amaunta pertnttted to be he!d by applicabte law,Lende�sheli account to Bortawer tor the W `
<br /> ° excess Funds fn accordanae w1tN the�e4ulremenis of app!lceble Iaw. if tha amount of the Funds heid by Lender at eny time ta not
<br /> su}ftdent to pey the E$orow Items when due,Lender may so notHy Borrower in wdtlng,and, tn suah case Borrower sfisll pay W Lender `
<br />- �.• the amount necessary to mako up the deflcfenay,8orrower ehafi malce up the deflcienay In no more then tweNe morithy paymeMs,at _:..
<br /> 6l.
<br /> ,, ��..�...; " Lender's soie dlscreUon. =�`
<br />_ • ,.,� refund to Borrower eny Funds heTd by
<br />- � Upon paymerit in tuli of al!sums secured bY thts Seaurily Inotn+ment, Le�der ahell prompUy
<br />-_�,;;;�;:;�.: .";:'�� Lender. if,under P�9�Ph �• �der shail acqdre or sell the Pmperty. Lender.pdor to the acquisidon or eaie of the Propeity, shell
<br />� '�� a p p t y any Punds held by Lender at the ttme of acquisidon or sate as e credR agalnst the aums secured by thia SFSSCUrity inetrumaM.
<br />��',,. � $.Appitcation of PaymerKe. Untess applicebfe Iew prov i des o t h e i w f a e,e t l p a y m e n t s►a c e N e d b y L e nder under p c u a S r e phs __
<br />" 1 and 2 ehall be appiled:flrst,to any prepeyment oharges due under the Note; second,to amounts payab�e under paragraph 2; third �,,,
<br /> to interest dus;tourth,to prindpei due;and Iast,to any late chergea due under the Note. ,
<br /> � • 4. ChaPgas; Uena Borrower ahell pay a11 texes� aesesemente� �har9�� flnes and impos(Uons elbibutab�e to the propedy
<br />- . ,• ,, whtoh may attein prioritY over this 3ecudly insfiiment,and leasehoid pay►nente or ground tenta, N eny. 8omawer shall pay these _
<br />���' ob�IgaUona tn the manner provlded In paragraPh&or H not paid in that manner,Borrower shaA ps�y them on tlme directiy to the person -
<br />}` � cwed paymem. Bonower sheil promptty fumtsh to Lendar atl no8ces of amoants to�e paid under this paragraph. H Borrower makeo __
<br /> ' these paymeMe dfrecdy.BoROwer sheN pmmpUy Nmish to Lende�receipta e�denctng the payments.
<br />�=:.� :. ._�.:._-_ -
<br />- - 8onower shali prompty dleeherge any ilen whic4�Nea ptbtity aver thls Sscu►itY insstrucrtent tmiess Bortower. (e)agreea tn wdting to _
<br /> -u ''�_ the payment ot the obUgaUOn secured by the tien in a msnner acceptebie to Lender, (b)�m �t the eetorcement of the Oen:�(e) -
<br /> "�"•�.`. _�i" �gdnst p�{as�eenserst ot the Nen tn.�ega�P�"ue wt�iah tn itsa Len�et's Qpink�n _�+ �s1 Q •
<br /> f�r secures from the hotder o4 the Ilen an agreerrtent saflefaetaY to Lender subocdinatlng the Ilen to this Secu�lY �naWmen� n Lend� _
<br /> ,�.<< s;,",�
<br />,.r:. ' •�;: : detnrtMnes thet any purt ot the Properly Is suble�t to a tfe� which may atta►n pdortty over this 3ecufity tnewrrter►L Lender may pNe
<br /> f;(t°`"
<br />�_,•...r,':~ _� „_,..,,,,,. .._u�, o�.,�.;.;e..hpu e.�t;�thw nan er tske one or more of tho actlons aet toRh above within 10
<br /> A�.�.:�,' - - - DUnV1:c:a� .. �wo H.,n...,..y .._ . _
<br />-�;�',._• ot the gNing ot noUce.
<br />�= � the ImprovemeriU� now exisUng or hereeRer ereated on the
<br />-�:�.�� 8. Hazard or Properly Inaurance. Borrowar ahan keep
<br /> s,;��� properiy Insured agetnst losa by flre,hazer�da [ncwded wtthin the term 'e#ended coverage' and ar�y olher hamrds�Includtng 1looda or
<br />=-h�"`�� tlooding, for which Lender ►equires insurence• Thls 4�eurence ah�� � ���� �n t}►e amouMs and tor the perlods thet Lender
<br />_-��c:.�_i� �k� .rne NS�����plovlding the inauranee ehaN be chosen by Borrower subJect to Lender's opprovai whtoh ah�l not be
<br /> �b_���
<br />-�°�� unreasuna�r wlthhetd. H Sotrowor tells to matntein covere3e descdbed above�6ender may. at Lendor'e optton.obtetn coverage to
<br />_,,��a Protect lendere dgMs In the Propc�ty in accordence with pera9raPh 7.
<br />���� M insurence poliGes u►d renawe�a sh°�be��ePt�le t°Lende�snd ahaq tndude a atandard mortgage clause. L,�►der ahait have
<br /> -���n:��� tAo dght to hold the polides end renewNe• It Lender re�W�,Borrower shatl promptlyr gNe to Lender ail reeelpt9 of patd precrttums
<br />-----_ �:�� a n d re n a w a t n o tlee�. in the evertt of Wss, Barower shaG give prompt notiea to the�nsurence cartter ertd Lender.tender may make .: ;
<br />:r�s'�''� proof of toaa M eot made prompUY bY Borrower.
<br /> rc;,• .'°"'� Unlesa Lender end 8orrower otherwise agree Ir�wdting,insurartce proceeds ehsll be applled to restoraUon or repalr of tha ProPerty .
<br />��-i ' d e m aged, ff N a r e s t o r e N o n o r re p a i►I s e c o n o m b e l l Y teneibie end Lendefs seatiity ts not lessened. H the restoraUon or nepelr la not
<br />--�� economioalry teasible or Lendars seautiry would be tessened,the tnsurance proc�eds she0 be apPtied to the sums s e a t t e d bY t h i a
<br /> — geourtty InstrumeM.whether or not then dua,with eny e�u:ess Paid t� Bonower. N Borrower abandona the Property, or doas not
<br />'u ---��a answer wlthin SO dnys a no�ee trom Lender that the tnsurenca cerrter has ottered to settle a datm. then Lender may coilect the
<br /> ""p"'"` s to or restore the RrepeKyt or to pay sume seared bY this SeairftY
<br />'"""'_'=�°-"'�� Inaurartce proceeda. Lender may use the proeeed ►ePaf� .
<br /> Inatrument, whelhet or not then due.The 90�day pedcd wAI be81n when the notieo is gMen. . .
<br /> ���9, Uniesa Lender end Borrower otherwlse a�ee �n"�rtNRp,any eAPU�on of pmceeds to P���P�ahail not e�Qend or poatporte the
<br /> irtN
<br />�,.�.
<br /> _ �==��::.
<br /> due date of the moMhy pa�nneMS refeRed to b paragraphs � end 2 or change the smourK of the paymenta• �under parngraph 21
<br /> the Property�S acquired by Lender,Borrower's�ight to any insurance pollaies and prorseds resuMng tcom demage to the Properiy p sx . .
<br />;�.. `M to the ecqulsltlon shaq pass to lender to tho o�daK ot the suma secured by tWa Security InshumeM tmmedlately pdor to the
<br />�?`' uo4ulsiUon.
<br />_ . ,. '� 6. Ocaupancy� Presenration, Malntenance and RrutecNon of the Property; Borrower'e Laan
<br /> Appflcation; L9888ho1d8. 8orrowar sha�ocwpy. eatabtlsh,and use the:'roPertY a8 BoR°were princ�pai�s�de��e��n e�ty ,
<br /> . �, days after the exeouUon of this SewrUY Instrumer�t a�d sheU�°r�^�e to oaupy the PropertY as Barower's pdne�pat rasidence tor at .
<br /> . . �' teast one year aiter the date of ocoul�anaY.Wdesa Lender othetwtse agrees in wtitltt8, whieh consent shaU rtot De unreasonably
<br /> '� Y wlthheld,or uniess eodenua�ng dreumstences e�Est v+Mah ere be�►ond Botrower's coMrot. Bomower sha(t not desd+oy.demage o�Mpair
<br />- �A�s�Y''�w.6,4. UIB P�Op.:.`7�eUow the Property to deteilomte.or commlt weate on Ne Property. Bortower sha9�e in detauk N any fortctturo actlon or
<br />' --s-3- W���r ctvn nr erlrnU�s6 Is begun Ihat In Lender's good faith j4rlgment aouid resuft In todeiWre oi the Property ot othen+tse
<br /> ....�a J.4..Y�wii
<br /> - - -. .. ° �� mate�lty [rnpatr the lien created by th� 3eairihi Inehument or Lender'a secumy mcerea�. oorrower m:r :+�o �••M� a ...._.,.._._
<br />=-'4, �- ; relnstete, as Provtded in paragrePh 18.by cauaing the aotlon or Pro��g to be diamisaed wlth a ruling that,in Lendet's goo0 taftA
<br /> determ�nstion� Precfudes tod'e[wre of tho Borrower's keterest In the PropvrtY or other matertai Impatrtnent of the Ilen creeted by thta
<br /> . m�
<br /> SewrltY inahument or lender's secur[tY Intereat. Borrower she0 elso be tn detauR R Bortawer, dudng the loan apPUc�ttan Procesa�
<br /> gave rt�atedaVy fatse er tnaccurate infom�atlon or atatemer►ts to Lertder(or feited to provide Lender witA eny matedel fr�ortnaUon) In
<br />_ � connecUon whh the loan evidenced by the Note, fndudtng,but eot Umfted to,represeetations concem�ng BoROwera ocoupnney o1 the
<br /> ' prop�y as e prtnolpai restdenae. If thia SeadtY Inatr�+ment Is on a leasehold, �smo�vcv shan comply with ail the provtstong ot the
<br /> leeae. It Bortower ecquires tee Utle to the Properry�the�easehotd and tt�e tee tlUe ehetl not merge unless the Lender agrees to the
<br /> ,, � merger U wdNrtg. Fam 3o2e sleo
<br /> � F,ozs.uNO ro�al an9e s of s
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