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<br /> The Fuixis �hell I�e hdd in an institution whosc doposits arc insured by u fedcral :igcncy, ins�rumentuliry, ur cnlity
<br /> (including l.erxler, if 1,cruier is�uch un inslitution)or in,uiy Feclerul Home[.oun Bank. [.cndcr�Irdl apply thc Fuixls��i puy�hc
<br /> Escrow I�ems. l..ender nwy nnt charge Bormwer fnr holding anci upplying�he Fuixis,�nnu;�lly unulyiing tlic�u,:r��w uccuunt,ur
<br /> vcrifying thc�scrow ltems, unlers Lcixlcr payv &�rrawer intcrest on the FwiJs�ixl ap lirablc law�xnnits Lc�ulcr tu nu►kc such
<br /> a rharge. However, [.erxier�nuy nyuirc&►rrower io pay ��one-time churgc Pur u7 ii�epeixlent r�ul e�tutu tux re�x>rting xrvicc
<br /> usecl by I.encier in conne�:tion with Ihis loun, unless upplicablc luw pruvides othcrwise. Unlrs� an agr�.�cnknt is muJe or
<br /> applic�ble luw reyuircs intcrc�t to be puid, [.cixlcr shull not t►e rtquinYi tc��x►y Ri►rre►wer any intcrest ur earnings on the F�uixlti.
<br /> Burmwcr arxl Lcrxler nwy egree in writing, hnwcver, that intcrest shull bc puid�m thc Furxls. l.�:ixlcr shall givc �u Fiurrowcr,
<br /> �vithuut charbc, i�n annual arcounting of thsr Funds, showing crccl:ts and dchits t�� thc t�undti,�nd thc pur�x�x fur whirh ra�ch
<br /> �kbit to the Funds wax m�ie,'fhe Furxls arc pleclgal us addiUnnal security for all sums secur�tii hy thi�S�xuriry liss�rwiknt.
<br /> If the Fu�xis held by L.ender exceed thc anx�unts pennittal t��be held by applicable luw, lAnder tihall uccown tu&irr�►wcr
<br /> foe the exce9�Funds in accordanre with the reyuirenxnts of appiicable law. If the amuunt��f�he f�unds iicld by I.cixler �it any
<br /> time is rx►t sutficient to p�y the Escrow ltem�when due,Lender muy so��lify Bormwer in writing,and, in such cutie&�rrawer
<br /> shrll pxy to Le�xler the arrxwnt nocessary to nu�ke up the deticiency. Borrower shall make up the dclicicncy in n<� nx►re thun
<br /> tweive monthly puyments,at I,ender's nale discretion.
<br /> U�n payrnent in full of adl sums securcd by this Securiry Ir.strument, L.encicr shall pmmptly refund to Borrower ,iny
<br /> Funds held by Lrnder. If,under peragraph 21, Lender shall acyuire or sell thc Property, L.cnder, prior to thc acyuisition or sule
<br /> of ehe Propeny, shall apply any Furxls held by Lender at the time of acquisitian or snle us s ci�lit sigainu the�ums�ecurcrl by
<br /> this Security Inctniment.
<br /> 3. Applicatlon of Paymmts.Unless applicable law pravides olh�erwise,all paynxnts rcccival by Lendc�ui�lcr paragraph�
<br /> 1 urxi 2 shall be Applied: �rst, to any prepuyment charges due uncier the Note; xeco�xi, to amounts p�yable urxler puragraph 2;
<br /> third,to intere,t due; fourth,to principal due;and last,to uny late churges duc urKier the No1c.
<br /> 4. Charges; I.iens. Borrower shull puy��U tuxcs,ussessm�nts, charges, fines atxl itn�xisitinns+�ttributuble to the Propeny
<br /> a�hich may attain priority over thix Securiry In�trumcnt, and Ica.eehold paymcnts or ground rents, if uny. F3urrower sh��ll pny
<br /> [hc.se ohligations in the manner�rovided in paragruph 2,or if not paid in that manner, Bonower shaU pay thcm on time dircctly
<br /> to the penon owed puynxnt. Borrower shall promptly fumish to Lender all notices of'amounts to be paid under d►is parugrnph.
<br /> If Bornwer makes these payments directly, Horrower shall pramptly furnish to L.ender receipts evidencing 1he payments.
<br /> Borrowor shull promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees in
<br /> writing to the payment of the obligation secured by the licn in a manner acceptuble to Lencier; (b)contests in goal faith the lien
<br /> by, or defends against enforccment of the lien in, legal praceeclings which in thc Lendcr's opinion operate to prevent the
<br /> enforcanent of tt►e lien; or(c)sccures from the holder of the lien an agrcement satisfactory to Lerxler subordinating the lien ta
<br /> this Security Instnament. If C.ender detern�ine�that any part of tha Property is subject to a lien which may apain prwnty over
<br /> this Security Instrument, L.ender may give Borrower a notico identifying the lien.Borrower shall satisfy the lien or take one or
<br /> more of the actions set forth above within 10 days of the giving of notice.
<br /> 5. Hazard or Property Insurxnce. Bc>rrowcr shall kecp thc improvenxn�s now existing or here:►fter crec:tcci on the
<br /> Propeny insured against loss by fire, hazards included within the terni "ex�ended coverage" and any other hazurds, including
<br /> f:c.^;l::or'1::,1iag. :;.:��i.h L:rw�r.quir�°.insara:i�. Thi:;insursnx s':a'.',b�r:ai^cair.� in:he::lnc��nts H[2�fnf thr�,.�ri�,�i,�
<br /> that L.ender requires. The insurunce currier providing thc insurance shalt be chosen by Borrower subject to Lender's npproval
<br /> which shall nat be unreasonably withheld. If Borrower fails to maintain coverage describeci above, l.ender muy, t�t I.ender's
<br /> option,obtain coverage to protect Lender's rights in the Property•in accorctunce with parugraph 7.
<br /> All inxuraixe policies and renewals shall be eccep�able to l.erxler and shall inolude a standard rrwrcgage clouse. Lender
<br /> shall have the right to hold tF�pc�licies and renewuls. If Lender•reyuires,Borrower�haH promptly give to I.ender all rcceipts of
<br /> peid prcmiums and renewal notires. In the avent of loss,Borrower shall givo.prompt notice to thc insurunce currier and L.ender.
<br /> Lendcr rrwy make proaf of loss if not made promptly by B�rrowcr,
<br /> Unless I.endar and BormwoY otherwise agree in writing,insurance proceeds shall be appliai to fl.storation or repair of the
<br /> Property durugod, if the restoration or repair is economically feasible nnd Le�xler's security is not lessenal.If the restoration nr
<br /> repaer is not economically feaslble or Lencier's security would be lesse►xd, the insuranee prcxYOds shall be applial to the sumx
<br /> savrod by this Secvrity Instrument, whether or not then due, with any excess paid to Borrower. If Bormwer abbndons the
<br /> Property,ur dcxs not�nswer within 30 days a notice from I,ender that the insurance carcier has offerai to sctUe a claim, thcn • ,
<br /> I.ender may mllect tho incurance proceeds. Lernkr may use the proceeds to re{►air or restore the Property or to p4y sums .,
<br /> socured by this Security Instrument,whether or not then dua The 30-day period will bcgin when the notice is given. �
<br /> Unless [.ender arKi Borrower otherwise agra in writing, any application of proceals to principal shnll not extend or
<br /> postpone tht due dnte of the monthly payments refcrrai to in paragraphs I And 2 or change the nnxiunt of the papmcnts. If
<br /> under para&raph 21 the Property is acyuiral by L.eixier,Borrower's right to any insurunce p�licics and proceods rosultipg from
<br /> damage to the Property prior eo the acquisition�hall pass to Lender to the extent of the sums secured by this Security lnstrument .
<br /> immediutely prior to'the twquisition. .
<br /> 6.Occaptix�',�'reservation,MaintenAnce aml Protection of the Properly;Bormwer's L,oan ApplicAtbn; I.e0.veholds.
<br /> Bomower shall occupy,establish,and use the Propetty as Aorrower's principal residence within sixty days after the execution of
<br /> this Security Instrument and shall.continue to occupy the Property us Borrower's principal residence for at least one year aRer
<br /> the d�te of vccu�an�y, unlcss Lender othenvise agrees in ti�riting, «�hich consent shalf nat bc unrr,asonably witldielJ,or uidcs�
<br /> extenueting circumstances exist which urr beyond Bc�rrower's control, Botrower shall not destroy, damage or impair the
<br /> Propeny, allow the Prope►ty to detcriorate, or commit waste on the Property. &�rrower sh•rll be in default if any forfeiturc
<br /> ' action or procooding, whether civil or criminal, is begun that in Lr.nde�s��gocxl faith judgment could rcsult in forfeiture of the
<br /> Propenv or otherwise mnteriaUy impair tbe lien crcatod by this Sxurity instniment or Len�ler's security intcrest. l3orrower may
<br /> cure sueh a dcfault und reinstate, as provideei in paru�►raph 1 A,b�enusing the action or proceedin�to be dismisseci wath a ruling
<br /> that, in Lcnder's good fuith determinution, �recludes forfci�urG•of the Borrower's interest in the Proporty or other material
<br /> impaim�ent of the lien creatai by this Secunty Instrument or L.ender's securiry interest. fiorrower shall also be in default if
<br /> Bonower,during the loan application p�ocess,guv�materially False or innecurate inforniation or statements to Lcnder(or failai
<br /> to pmvide[.ender with any mate�ial infc�rniation)in conncction with thc Ionn evidenced by the Note, including,but not limited
<br /> to, rcp�+esentations concerning Borrower's occupancy uf the Property as a principal residcr�ct. If this Saurity Ingtru►nent is on a
<br /> l�asehold, Borrower shall cumply with all the provisions of the Ieas�. 1i Borruwer :�cquires fce citle to the Property, ttx
<br /> 1c.a5chold ar�d the fcc tidc shall not mcrgc unless L.cixfer ugrecs to thc mcrger in writing,
<br /> 7. E'ratection of I.ender's Rights In the I'roperty.[f Bon•uwcr fails to pe;rform the covrnants and agrcentents containecl in
<br /> this Seruriry Instrument, or there is a Ie�:d procecding that ntay xigniticantly aftcct Lerxier'ti rights i+�the Property (such as a
<br /> pn>cc�iing in bankrupt�y, probate, for cundemnu.ion or forfeiture or to enf'orce laws or regulatiuns),'dhtn Lende�'rrwy do and
<br /> pay fiir whatever is necessary to protect the valuc of tht Property and Lerxler's rights in the Property. Lender's actions nwy
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<br /> :•• uu� jsnjii�6 nL� `ii nb m:wa�u v� u ���.Ti ' unn �uw NT.vi.2j i���.T u�m .r.�ui�ij �ma.uu:.u' ::F.�:.r::::p ::: �,^.1.... �-.°.�:::'o'
<br /> rea.wnaole attorneys',fees anci entering on thc Property to make repairs, Although Lender may r.ike action under this par•rgraph
<br /> 7,L,cndcr docs not havc to do so. •
<br /> Any anxiunts disburseci by L.encier uixler this paragraph 7 shall becume: additional debt of Borrower secutbd by this
<br /> Sec:uriry Instrument. Unlcss Harrower uixl Lcixier agrcc to other tcrms of paymcnt, these amounts shall bcar intcrest from the
<br /> dutc of disburscment at thc IVotc rate and shall bc payublc. with intcrc�t, upon notice from I,eixicr to Borrower reyursting
<br /> paymcnt.
<br /> 8. Muriqage Insutyence. If L.endcr rcquired nwrtgage insurance as a condition of nwking thc loan sccurcd by this Security
<br /> Instrument, &nrower shall pvy the prcmiums rcyuireel W nwintain the nwngage insurance in et'fect. If, for any rryscm, �he
<br /> mortgagc insurarx;c coverage rcyuircd by Lc�xler Irpses ur ceases to bc in ef'fect. &�rrower sh:dl pay thc prcmtums rcyuir.til to
<br /> obtain covcrabc substantially cquivalcnt tv the martgugc insurancc previously in cfl'�Yt, ut a cost substantiully equivalcnt ti�thc
<br /> cost tn &�rmwer iif the ronrtgage insuru�xc previuusly in effect, from un alternatc murtgagc insurcr ap�sroveci by Laxler. If
<br /> e aew 2 oi a Fwm 3Q28 9190
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