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<br /> The Funds sFwll t+e helcl in an inciiwtion whose deposits ure insural by a fcdcra! ubcncy,`etiSAvmcnt�ify, o�`�ry
<br /> (including L.enJer,if l.ender is guch an in+lituti��n)�r in any Foderal }{����,�tian Bank. L.ender shall upply thc Fur�1s to pxy�he
<br /> kscrow Item�, Lender n�ay ncil ch�rQe Bormwer for holding aixf�pplying the Funds, unnually onulyr.ing thr. e�crow account,or
<br /> verity{ng Ihe Es�row�t�mx,unless I..enJer pays Borrower intere�t on thc Fwxls uixl upplicable Isw permits Lcixlcr�o make such
<br /> r ciuirge. However, Lernler nwy reyuire Borrower to p�ry a one-time charge for un inJependent reul estatc tux reponing service
<br /> usaf by Lenler in connectfon wuh this I��n, unless applicahlc luw pn�vidcs otherwisc• Unlass un ugrcement is macle or
<br /> Y�I�CAble Ivw requircc interc+t�o be pwi�t, ix�xler tihnll not(x reyuirccl to pay Borruwer uny intercst or earnings on thc�uruls.
<br /> Bormwtr and Lcnder nwy rgrce in wridng, Ix�wover, thrt intercct �hall be paid on thc Fur�lti. Lendcr shall give to Borrower.
<br /> withc►ut churee, rn annu�l accounling af the Punds, �howing creJits uixl debits to the Funds and the purpuse tor which ench
<br /> debit to!he Funds was m�de•The Fundc�+re P�edBai�e wddidon�l security for rll sums xecural by lhi3 Saurity ins�r+�ment.
<br /> If Ilu Funds held by Ler�er exceed the u�mwnts permitteci tu be held by applicable luw, Lcnder shaU bccount to Homower
<br /> for the cxass Funds in+�ccorcl�nce w�th thercq uircments uf up{>licuble law. If thc�ux3wu ot�the Funds hr.ld by l,erxler at nny
<br /> time is nex sufficlent to pRy the Escrow ltems when due,l.ender mr�y so�wtify�rrower in wriling,and,in such cxse Borrower
<br /> shall p�y to l.ender the�nxwnt necesa�ry to make up the deficiency, Borrower shwll makc up �he defidency in no more than
<br /> twelve monthlY MYments,�t Len�ler'a w�le discre�ion.
<br /> Upon pRyment in full of all sums secuned by this Sexurity Instrument, L,ender shall prcxnptly refund t� Borrower�ny
<br /> FunJa held by Lcixkr.If, urxkr pwr�g�rph 2�. Leixler shall i►cquire or sell tlte Property, Lcnder,prior to the xquisition or s�le
<br /> of�he Pmperty,shall�p�ly any Funds held by Lender et�he timc of acquisition or sule as a credit aguinst the�ums secured by
<br /> this Security Instrument.
<br /> 3.Appllcation ot Psymenb.Unless applicable law provides othervvise, all payments receieecl by I.cnder under paragrnphs
<br /> � u�d 2 shal�be Applied: first,to any Qrepayment cha�ges due under the Note; socond, to am�unts payable under parngraph 2:
<br /> third,to interest due:fourth.to principel due;xnd last,to any lete charges due under the Note.
<br /> 4.Ch�ee;Lkn9. Borrower shall pay all taxes,assessments, charges, fiixs and impositions attributable to the Property
<br /> which may utain priority uver this Security Instnrment, arKi lexsehold payments ar ground rtnts, if any. Borrower shall pay
<br /> 1�ob��gations In the manner provided in puagraph 2,or if not paid in that mu►ner,Borrower sh�ll pry them on time d�ratly
<br /> to the pe�n�Wad P�Y���• �ROWer slwll promptly fumish to L.erder all notices of amounts to be p+ud u�der this pivagraph.
<br /> If Bormwer malces these WYments diroctly,Borrower shall promptly fumish to Lernfer re�ipts evidencing tt�;.payments.
<br /> $omawer stwll promptly discharge any lisn which has prionty over this Security Instrument unless Borrower.(r)agras in
<br /> writing to the paynxnt of the obligAtion securod by the lien in a m�nner acoeptable to Lender;(b)contests in goad fsdth the lieo
<br /> by, or defeods �gainst enforcemcnt of the lien in, legal proce�odings which in the [.ender's apinion opernte to Emvent the
<br /> enforcement of the lirn;or(c)securas from the holder of the lien an agrament satisfactory to l.ende�subordinating the iien to
<br /> this 5acuriry Instn►ment. If Lender determine�that any part of the Property is Qubjoct to A lien which may+tta�n priority over
<br /> this Security Instra�mau, Lerrkr may give Borrowe��ratice identifying the lien.Borrower shnll satisfy the lien or t�lce one or
<br /> more af the�ctions set forth�bove within 10 days of the giving of notioe.
<br /> S. �rd or' PwpMY Inunaa. Bc��'°wer aFWI Iceep the improvenxnts now existing ur hereafler erected on the
<br /> propeny inwrod against losa by fire, huards includod within the tenn "extrndod rnverage" and any aher hazards,including .
<br /> floods or flooding. for which Lender requires insur�uwe. This insurana shRll be maintaiood in the atrMwnts m�d for the periods
<br /> ����roq�ires, 'Tt�e insupurce rarrier providing the insur�sha1�be choaen by Borrower subjact to Le�der's approval
<br /> ,.,�l�, �1,.1t rx�t be unrea:onablv withheld. If Borrower fails ro maintain coveragc dcscribed �Love, I.e�xier m+y, at I.erder''s
<br /> ciption,oM�in covenge W protect t.ender'a rights in the Prcvpeny in�000rdanoe wiih paragn�pi�?.
<br /> All iroursnoe pulicia +nd rcneW'pls shall !�e�cap�t�ble to L,ender and sholl include a ctand�rd murtQ�e dwiu. L.a�der
<br /> slwft have thc right to Fald the policics and renewals. [f Lender requires.Borrower shall promptly give tu I.ader dl rooeipts of
<br /> paid prcmiums ud renewAl notices•In the event of Ioss,Borrowcr shall grve prompt notice to the insurnnce carria a�d L.ader•
<br /> i,ader may make proof of loss if pot made pmmptly by Bortnwer.
<br /> U�e�Lender and Borrower otherwise agrce�n writing,insurance procoeds siwll be applied►o restoration or repelr of the
<br /> property dam�ged, if;d+e restoration or rep�ir is oconomically fasible and[.emk:r's secttrity is not lasea�ed-lf the re�toration or
<br /> rcQ�ir i�not ocaamirally feasible or I.ender's security would be lasened, thc'3osurana proceods shall Erc appliod to the autm
<br /> exured by this Security Inatn�ma�t, whett�er or not then due, with any excess ptud to Borrower. If Bb'rinwa abaudems tbe
<br /> . p�r�p�ty, or doee not answa within 30 days a ratice from Lender that►he insurance carrier hu offered to uttle a cl�im,d�ea
<br /> I,q�der m�y odlect the i�uurana proceoda. Lender may use the prooeeds to repair or cestoro the Rc}�x+ty or to pry amr
<br /> eecured by thia�ecurity l�uteuma�t,whether or not then due.The 30-day periud will be�in when the not�r�s Sivrn.
<br /> ' . • unleas I,pd��snd gorrow�r otherwise �groe in writing, auiy application of praoeeds to principal.�lwll not exteod a
<br /> ��� ���a€the RqnthlY p�Yments Feferred to in paragraphs 1 u�d 2 or clunge the amount of the payu�ent+. U'
<br /> under parag'raph 21 the.Pro{x�ty is acquired by Lendu. Borrower's ri�t to any insurance policies ud procroed+reaultivg fram
<br /> dun�b�to.tha ProQertY..prior to the acqws�uot�stwll piss to Lendi.�r'�o t1x extent of the sums sr�u►ed by ttus Security Instn+ment
<br /> im�nediMtefY p�ar to the•ecquisition. �' , .
<br /> � . 6.Oacu�cy.P►�'atb°�Mslnteaance�nd Protatlon ot the Property;,Borrowt�:La�n A/plia�tioa► Le�et�eliobdt.
<br /> . go�rowu et�all occupy,`.�+tablish.ud use the Property as Borrower's principd rcaicla�ce within sixty dryS aflor the execvtion of
<br /> th:s Security In�wment and stWl continue to occupy the Property ss Borrower's principwl residenoe for at kast one y4�u�Gx
<br /> the date of oocup�c�cy.unless Lender othenvise asroes in wntin�. which miuent shall not bc'unreasoiubly withheld;os ynlas
<br /> eatuw�cing eireumstanc�s eaiat which iue beycH+d Borrower's.•cbnu''ol. Borrower slWl nut datroy, dam�Se o�.'impair the
<br /> propercy, altow the Prqxrty to deteriorate, or commit w�xte'on the PropeAy. Borrower s'hall be in defiulc if any'.f,arfeiture
<br /> •ction or pmca�din8. whether civil or criminal, is btgun thae'in Lender's gaod feith judgment couW rc�:qlt�ri [orfdture uf tlie
<br /> propeity or otherwise materiallY�mpa►r the lien crcated by this Security Instniment or Lender's security intc�st.Bartowa m�y
<br /> cure such x default uai rcinstate,as provided in puagraph 18,by causing the accion or procoeding to be dls�issod with a ruling
<br /> that, in I.ender's goal faith deterraunation, precludes forfeiture of the Borrower's intcra� in the Property ur od�i'mN�
<br /> impairnxnt of the lien crc.atod by ti�is Securiry Instrument or I.ender's xcuriry interest. Borrower shall�Iso be 3n ttefwlt if
<br /> Borrower,dudng the loan application process,gavo materially false or inaccw�te infornwtion M statements to I.ender(ar failed
<br /> to provide i.ader with any msterial infornution)in cunr�xtion with the loan evidenced by the Nott,iac.luding,hut not Ilmited
<br /> �, �p�rtt�ions oonoertung Aorrower's occupancy uf,the Propeny as�principal residrnce. If this Sbcurity Inswment is on a
<br /> leasehold, Borrower shall rnmply with all Ihe provis�ons of the lease. If Bomower ��ra fee �rtl� to the Property, the
<br /> �a,xhold�rrcl the fee tide sMall rat merge unlCSS I.,er�der agrces to the merger in writing.
<br /> 7.protatlon ot i.eader's Right�In the Property.if Borrowcr fails to perf'orm tbe covenu►ts�d agrcema�cs contained in
<br /> this Security Ina�tcument, or therc is a legal proceeding that may signific,antly affect Lnxler's rights in the Properry(such as a
<br /> proceoding in bu►Iwptcy.probate, for rnndcmna�ion or forfeiture or to enfurce lews or reguluions),then L.�nder tnry do and
<br /> y for whatever is naxssary to protect the velue of the Property ancl Lender's rights in the Property. I.ender's sicc�ora�Y
<br /> ii�ic.lude peying any sums sxurod by a lien which has prionty over this Security Tnst�ument, appe�►ring in oourt, paying
<br /> rc.asonable attomeys' foes aix!cntering on the Property to malcc repairs.Although Lcndec may cake action under thia p�e�ngraph
<br /> �} T�IL�f f�M[1Y1��1/C���$�. __J L.. �L:_
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<br /> Any amounts disbursai by L.ender undor this pxragrAph 7 shall bocome +xidiciona+ deoc or wrrow�r ea.-��w �y u��.
<br /> Securi�y Instrument. Unless Bo�rower and L.cnder agroe to other ternu of payment, these anwuMS stul! bear interest from the
<br /> date of disbursement At the Nnte rnte and shall be payable, with interest, upon r�otia trom Lender to Horrower rrquesiing
<br /> payment.
<br /> 8.Htort�e lnsurance.lf i.ender requirod mortgwge insurance av a condition of malcing the Icwi Secured by this Saurity
<br /> Irtstrument. Borrower chell pey the prcmiums requiral to mainGan the mongage insurance in cftat. If,for wny reasun, the
<br /> mongage insururce coverage roquircd by l.ender lupses or c�ses to be in effect, 8orrower shall pay the premiums roquirod to
<br /> obtsin covenge wbstantially oquivelent to tho mortgage insu*�x�e previously in sftect,at a cost substuuWly ec�uiv�lent to the
<br /> cost to Borrc>we�uf the mongage insur�unce previouslY in etiect, from An�Itemata mortgage ins�rer apprnved by Q�ender. If
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