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<br /> The Funds shall t►e held in un in�titution whuse deposits arc insuroei 6y u fcdernl 1[�ency, mstrunxnta iry. or entity
<br /> (inciwling Lender,If Ixnder I�!�uch An institution)or in any Foden+l Home Loan Bank. Lender shall upply�he Funds to pay tht
<br /> Facmw Itema, Len�ler rru�y ncx cFur�e 8ortower for holding an�i applying the Funds,annually analyxing the e�crow account, or
<br /> verifyinR the F.scmw Item�, unlexa L.ender paye Bormwer intercot on the Funcf�aixl applicable law permits LcnJer to make such
<br /> a char�e. However, Lender rtyy requlrc Borrower to pay A one•time charge for en independent rcal estate tux rcpnning scrvice
<br /> ueed by Lender in connection with Ihl� loan, u�las applicable lew provides o�lierwise. Unless un agreement i� made or
<br /> npplicable law requircs intercat t4 be pud,l.cnder ahxll not bc rcquirod to pay Borcrnticr uny intercst or eamings on the Funds.
<br /> Aorrower�nd I.ender may agroe in writin�, Fwwever, th�t intercst shall be paid an the Funcls. Lender shall give to Bormwer,
<br /> wilhau charge, pn annuel acmuming oP the Funcls, showing creditt ancf dehitt t� the F��nds and the purpose fc�r which eHCh
<br /> debit to the FurdY w�s m�de.7t�e Punds are pladged es additiorul security for all sums securod by this Securiry Instrumcnt.
<br /> If the Funds held by Ltrder excoai the amounts permittod lo be held by upplicable law, l.ender shall account to Hortower
<br /> for the exmsa Funds in accordance with therequirrments of epplicAble law. If the amaunt uf Ihe Funds held by I.ender at s�ny
<br /> time is not sufticient to p�y the L�acrow Items when due.Lencler rrwy so notify Borrower in writing, wd,in such caee Borrower
<br /> shall p�y to L.ender the amount necessuy to mike up the deliciency. Borrower shall make up the deficicncy in ra morc than
<br /> twelve maxhly paymrnts,at Lender's sole Jiscrction.
<br /> Upon Nyment in full of all sum9 secured by this 5ecuriry inctrument, Lender shall pmmptly refunci to Bormwe�any
<br /> Funds held by I.cnder.If,under peragnph 21, Lender shall acquire or scll the Property,l.erder,prior to the rcquiaition or sr�le
<br /> of tFie Property,ahall appty any Funds held by Lender at the time af acquisition or sale as x crodit against the 3unu socurod by
<br /> thi�Savrity ItaWmau.
<br /> 3.Appliatio�o[Prymenta,Unless�pplic�ble law pravides othenvise,all payments received by Lendcr urKkr purgrephs
<br /> 1 and 2 slWl be applied: first,to�ny prep�yment cherges due undcr the Note• sa�nd, to amounts payable under parrgr�p�h 2;
<br /> third,w interat duz;fou�th,to princi�xl due; uid Is,u,to any late charges due wider tt►e Note.
<br /> 4.(,'lyr�a; l.km.Hotrower slqll p�y all tues, as,sessments. charges, finex ard impositions attributable to the Prc�perty
<br /> which may attain priority over this Smlrity In�trument, and lauehold paymenu os ground �nts, if any. Borrnwer shal!pay
<br /> tt�eae ob�igations in the rtunner provided inpangraph 2,or if not paid i�thu menno�, Borrower stwll pay them on time dirxtly
<br /> to tt►e perwn owad payment.Horrower stull promptly fumish to Lender all notias of amaunts to be pud unckr this paragnph.
<br /> lf Bornower m�tces�tkae p�ymrncs dira�ly,Rorrower shall promptly furnish to Lencier roctipts evidencing the paymerNS.
<br /> Horrower ahall prontptly discharge anr lien which has priority over this Security lnstn�ment unless Borrower:(a)agroes in
<br /> w�ritin�to the payma�t of the oblig�tion secured by the lien in e manner aoaptable to I.ender, (b)oontests in good fdth the lien
<br /> by. or defa� against rnfcMttnx,nt of the lien in, legal proceedings which in the �.,ecKier's opinion oper�e to prevent the
<br /> enfom�n!*!of tbo liar,or�"c)secum from the lalder of the lien an agreanrnt satisf�ctory to l.ender subvrdin�ting the lien w
<br /> thi: Securiry Inctrumrnt. If I.ender detmnines that�ny put of 1he Prope�ty is sufsjoct to a lien which may auain pciority ova
<br /> this Security Inatrument, [�erder nuy give Borrower a notia identifying the lien. Borrower shall saticfy the lien or take one or
<br /> mo�e of the actwna sd fo�th above within 10 days of Ihe giving of ratioe.
<br /> S. Ha�a�d or H+operty ImraNOe. Borrowu stWl keep the improvemmts now existing ur hp�Hter era.�ted on tbe
<br /> Ptvperty iroured a�aimt bsa by fire. haT�rds inciudod within the term "eztended ooveta�e' and any ottkr fiwtda, includina
<br /> /Mt�a n�flntvli�so,fn��,rhjrh�,re�kr nr���llt4 IR��!!'�.rlt�L'_ T�ll�i!fS!!_�_.!!!'!!h.!�! �L •:^?.,.�i.^�"'�1S!i.�!^_=SS'.�J'.'_^.!5 a!`�f^!'if!£'F!!!�l��
<br /> that I�ender requires. Tfre insuranoe c�rrier prrniding the inwranoe shall be choeen by Borrower wbject to l.eoder'a approv�l ,
<br /> wbid��hali oot be unia�or�bly withhdd.IC Borrower faila to m�inlain covengt dacribed above. 1,eider may. at [.ader':
<br /> , option.aM�in oovaaae to prota.�t Lc,nder's rights in rhe Propaty in a000ndu�ce witfi paraanph 7. �
<br /> All inwr�aoe policiee aad.ra�wds ah�ll be acer�nble to L,ender iud slWl irrlude a atand��d mort�e ci�we. l�ncfer
<br /> ��twve tee ri�ai w no�d wcp�oiicia ard rerewds.tt t.pxler requirea. Horrower�hal1 promptlY�ive to Le��der e11 daveipts d'
<br /> P�id:�pi�mivan md ronewd �tloa.In the eva�t of las. $ptinwu shall give Pranp4::natice w the insunna ran�N�►d tader.
<br /> [xnd�r may tmke proof of lose if not mde�omptly by Borrower. . .• . �.�, � .��
<br /> Unlas[.ea{a�nd Borrowet otlkrwik agree in writing,ineunn�a�groceed:a1Wl be appliad to ratomion or repir ot tho . ,
<br /> Prnpeity drmy�ed•if tAe ratorafion or r�epir is eoonomipoly fasible sKii1't:ender's secvrity ia not leaened.If tbe rcparatiau or•:.
<br /> raprir is eot e0000mically feribleor Lea�der's�ec.vrity �Jould be laxned,the iewnnoe proneed�shdl be�ppfied W t6e wau
<br /> �ewnd by th� Searity Instrumait. whether or not thenrdue, with a�ry eaoess p�id to Borrower. If BonoMa ab�do� the
<br /> Prupe�ty, a doa not�wer within 30 d�ya�notioe fiom l.rnder th�t tt�e insunnce carria h�offered to setrle�clt�im,theu
<br /> i.eader any cdleci the inurnoe p�+aned�. Laider.m�y we the prooeedt tor�►�r ot re�tor�e �he Propaty or ro pap t�un
<br /> •eau�ed by t�Sewcity Intntmeat,whet�a ot not d�a�due.The 30-dty paiod wl1l'be6in when the uotia ir jivee.
<br /> Unk� Lrader aed Borrowa otl�erwi'se.�nee in wridng. airy �pplicuion of ptoceeds w principd a1Wl mt extmd a
<br /> `4H�e�Siue dMe of the monthly p�ymaql,�refetre�d to in paasrq�hs I �nd 2 m..�the amouM of the prymmts. If
<br />.. w,�de�i.'�pr�nph 2l t6e Propeity, it�oquired by Laider. B�xrowa't ri�ht to any insyrAi�cc policia aid penoeed�iaultin�f�vm
<br /> di��to 1he pnor to Rhe aoquisition al�ll p�ss to I.ader to the extent of t�;;;1um�ecurod by dw Sawiiy,lt�etnunak
<br /> �eaWdr��`�.�;a�. ...,,:..
<br /> i.ooe�ey,Pr�.d.n,M.�.ce�.woe..a Pnot�xci..o�e�e�►r+operry;sorrowv'.t.e.w Ap�ati�a�,lG...i.lar. .
<br /> , Bor�ower ilwtl oocupy.eaaMish.md use the Property aR Borrowa's priq�ipd �aide»oe�ithin sixry day:afta the.execution of '.�
<br /> thi�Sxuriry Inu�uma�t and dnll oontinue to oaupy the Property s�Borro�va's princip�l Raide�e for at Iwt vne.ya�r sRer� `
<br /> the d�te of oavp�ncy, u�less Lender dherwise�roa in writi�g, whid�oonsent:ludl not be unnasonably witM�eld;or unl�se
<br /> extaw�tin= cirwm�tanoes exist which are beyond Bomower's oontrol. Borrower slull not datruy. dun,e'or imp�ir the
<br /> Property, allow the Propaty to deteriorata, or commit wute on the Propaty.Borrower shall be in default if aity forfeiture
<br /> action or paceedi�, whether civil or crimin�l,is besun�hat in L,rnder's 600d faith judgma�t oould rowlt in forkiture of drc
<br /> ; Pnnppty or otherwiu m�terially impair t!n!'FCn created by thi�Security Inwuma�t or Le�der's se�rity intenat. Honower rt�y
<br /> aue wch a default and reinstMe. si provided�in para�nph 18,by awsing the ac�ion or pmceadins to be dismisred with a ruling
<br /> th�t, in I.mder's good fsitb detertninwtion, prccludes forFeiture of the Bortower's inttnst in the �ioperty or other m�terial
<br /> imp�irment of the lien crated by this Savrity Insuument or I.erder's xcurity inttr�st: Borrower s}all also be in defwlt if
<br /> Horrower,duri��the Iwn ap�plication proass,give meteri�lly false or inacturate inforniatian or x�atunoots to I.ender(or f�ilod
<br /> to provide I,enc}cr,with any nuterid infcxmuion)in cortnoction with the laan evidenood by the Note,including,but not limicod
<br /> to.�epraaotstiiorix ooncernin�Bcarrower's oocup�ncy of the Propeny u�principal reaidence.If this Security lefttumrnt ic on a
<br /> la�et�of�, Bon�wex sfwll comply with all the provisia►s of the leace. If Borr�owuac�y�ec teS,titlo to the Propaty. che
<br /> kuelald a�l dro fa dtk shrll not mcrae unlesa l.ender agc+ea to the m�xga in writius. � 3 : .
<br /> 7.Pe+otetfiM ot I�e�ier'i Ri�W i�t4 Pro�erty.If Borrowec f�ils to perform the covatints and agreanaxs oodained in
<br /> thi�Security Inrtrwnent.or thene ii a kg�l prnc�oeding tlu�t may siRnificantly affat I.er�der's righta in the PrnpertY(wch as�
<br /> procbedinE in bankruptcy,prnbrte,fcx oomdanmtion or forfeiture or to enicx+oe laws or rc�guWiau�).tt�n►L.ender uaiy do and
<br /> �y for whMever is neoess�ry ta protecti �he v�lue of the Propeny and Lender'�rights in the Property. Lrnder'a actions rtaY
<br /> �wd�ul� w�uiw� �MU cuw�e r��wl Iru ■ Il�n WI1inI� I��Y �vu�ri�u nu�r fl�i� Cr���w i�vtn�mrM �tiWrie� in tvr�rt riviM
<br /> �.�.�� r..)...� .�.) ��..� �-�.�� �a � ..�� _....�. .� r"�"') �'... �.� _��"♦ ��.����� Tr�"� "' ��_'• r-.—�
<br /> rason�Me utomeys' feea�nd entering on the Property to malce re�ri�s. Although Le�xier m�y Wce�ction under thia p�ra�aph
<br /> 7.L,e�der doea not have ro do w.
<br /> Any unounto di+�Mused by Lender under this p�ragraph 7 sh�ll bea►me sdditia�at �1ebt of Bomuwer secured by thL
<br /> Sacuriry Inarumcnt. Unless Bomower uK1 I.etxkr agroe to cKfKr terme of payment, thrae amounts slul!bear i�tercst from the
<br /> d.�e oF d.ieb�neme�u �c �he Nae raee uxi shall be payable, with intetrst, upon notiee from l,e►xkr to Borrcnver royuestir�
<br /> w�r�•
<br /> �.Morfp�r I�s�e.IF I.ender required mortga�e ineunnue a��condition�uf m�king the{o�n secured by thi:Socurity
<br /> Iratruma�t, &xrower �tMll p�y tF�e pern�lums royuirod to rtuiMain the matg�e inwr�nce i� e(t'oct. If, for ury re�►xx�, the
<br /> mort�e inwrmr�e roverw�e required by l.ender lapes or cea�to be in effett,Hornower studl p�y the premiurtu required to
<br /> ob�ain oovuw�e wbatantially a�uivdent to the mort�ge imwrox�e previousiy in effoct,at a cost substu�ti�lly oquivalent w the
<br /> ous� to Borrower uf�he mort��irn�ur�nce prcvi�waly in effa�t, fmm an dternste mong�e inwrer apprnved by I.ender. lf
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