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<br /> 98-i�,oie�
<br /> The Funds shall be hcld in an lnstitudon whc�sc depoyits erc insurcd by u fedcroi II�CIKy, instrwncntu �y, cir en i y
<br /> (including Lender,if Lencier is such r�n inuitution)or in uny Fecleral Horne I.�wn Hunk. I.erxler+hull u�pty tha Fund.�t�i pey�he
<br /> F.xcrow Itertu. Lxnder rtuy not cha��e Bormwer for holding a�x1 applying ihc Fuixls,annually anulyiing Ihc eKmw w�awnt,or
<br /> veafyin�the E�crow Items, unless l.ender prya�8armwcr in�erest on �he Fu�xls�nJ uppHcuble luw�xrmits l.c�rnler to nu�kr�uch
<br /> a clur�a H�wtvcr, L.ender may require Bormwer lo pxy n one•lime ch�rge for An incleFxixleni reul e�tale tax reFx►ning rervice
<br /> ua�ed by Lende� in connection wfth thic IoNn, unlau� applicable law pmvides otherwise. Unlrss un �green►ent is mrJe or
<br /> applicable Iqw rcqwrcs intcrest to be puid, Leixlcr shull nut be rcyuireJ to puy Borrnwer any intcrest or curninbs un thc Fuixls.
<br /> BaNN/WCf 7UMI I..eixlrr �ruiy ugroe in writing, huwCVer.�hat i�Hercat slull i�e�id un tl�Fu�kl,. ixi�ler,hall giv4 �o Burruwer,
<br /> witlbut char�e, �u►Ynnwl necounting af the Funds, shawing crodits uKi debits to the Pu�xis�xl the purpuse (ur which.;nch
<br /> debit to the Fund�was mide.'The FunJs�re pled$aei as acldidonal security for ull sums sauneci by this Security Imtrunxnt.
<br /> [f the Funds hold by t.ender ex�eed the xnwunts permittod to be hcld by applicable IAw, l.cixlar shali wccount tn Bormwer
<br /> far the eacess Funds in acco�dq�tcti with the requircments of�pplicable law. If tha arrwunt of the Funds held by LemJer at eny
<br /> tirm is not sufticient to p�y the Pscrow ltems when due, i.endor m�y so notlfy Bo�rower in wriling,end,in sucli�ax Born�wer
<br /> sts�ll p�y to Lender the unount nxeswry ro m�ko up the deficiency.Borrowrr shall make up the deticiency in rm more than
<br /> tw�lv�n�wuhlY�rYmtnla, at Lender's s.d�di,x�retion.
<br /> Upon payment in fulf of all suM�s aecurcd by this Securiry(nstrument, Lender shull promptly rcfund to Borrower any
<br /> Funds held by i.ende�. lf, under puagraph 21, l.+ender shall acquirc or sell the Pmperty,l.ender, Prior to the ucyuisition or sale
<br /> of ihe Pmperty, slull apply Any Furxis held by L.ender at the tinx of xyuisition or sale as a crod�t against tho sums scxurcd by
<br /> thisSocurity Inatrument.
<br /> �.Appl{eatios of Paymmta.Unless applicable law provides atxrwise,all payments received by Lender under paragrsphs
<br /> 1 and 2 shall be�pplied: first, to any prepayment charges due under �he Note; sa.�nd, to enwunts payrble under puagraph 1;
<br /> third, to i�crest due; fourth.to principal due;�uxl last,w any lnte chsugcs due under the Note.
<br /> 4.Ci��;Lkae, borrower shall pay all taxes,assessments, charges, fines and impositions attributable to the Property
<br /> whid► mry Attain priority over this Socuriq� Instcument, and leasehnld payments or grcwncl rents, if any. Borrower slWl pay
<br /> theae obligatlons in the manner provided in paragraph 2,or if not paid in tlu�t rn�nner,Horrower sball �y them on dme diractly
<br /> ta the person owod payment.Bomower stul!promptly furnish to Lender ull notices of amounts to be paid under this perageaph.
<br /> If Borrower maices these payma�ts direcdy.Horrower shall promptly fumish to I.etder raxipts evide�icing the p�ymrnts.
<br /> Borrow•ar shall promptly disch�rge iny lien which has priority over this Socurity Instrument unless Borrower: (�)agroes in
<br /> wriun$w the payma�t uf the obligation sacurcd by the lien in a rrunner acceplxble to Lender,(b)contests in good futh the lien
<br /> �y,or defends against mforoement af the lien in, legal procoodinga which in the Lencier's opinion operate to pr�va►t the
<br /> entorcement of the lien;or(c)securcs from the holder of the lien u� �groement satisfactory to Lerder suAordiruting the lien to
<br /> this Security Irsstrument,If lender determines tFwt any pan of the Property is subject to a lien which may atuun prioriry over
<br /> this Security Inatcument,L.ender rnay give Horrower s�notia idemifying the lien. Burrower shall setisfy the lim or Wce one or
<br /> more of the actiwia set forth�bove within 10 days of the giving of notia.
<br /> S.H�ard or Prope�ty U�wr�nce. 8omower slull keep the impmvements now cxisting or herafter e�+eclai on the
<br /> Yrapercy inaured�g�inu ioss by tire. i�rarda inciuded within the term "excended wverage' and any o�hu Iwra�, inoivairq
<br /> � floods or flooding,for whicM L,eider requireat insurar�ce. This insunnoe shall be m+�intained in the arouats and for the paiod�
<br /> � that Lender requi�es.,'TNe�inwrance carrier providing the insucance shdl be ct�ugen by eorrower subject ta i�zda'�app�ov�l .
<br /> which ah�l1 rat be wircasarubly withheld. If Borrower fails tu m�inuin coverage dacribod above, Lender may. � I+axkr': ���
<br /> option,obtAin aoverpg�e:to:protoct l,e�xkr's riahu in the Proaertv in uorordancro with o�r.ornnw 7
<br /> All insu�polioiG� ancl ret�ewiil� sl�all beecceptnble to Lcnder and shall includ'e a st�ndard moetgage clswe. I.ada
<br /> :tull IRave th�:right tp;hctld the�wlidias and renewals. If I.er�der r�quira, Borrawu sFWI promptly give to I.endec all rooapb of
<br /> paid praniu�m and itrrowal notias. In the event of loAS,Borcowor r,hall give pmmpt notia to,�he insur�u�carrier�nd I,e�der.
<br /> Lader may m�tce p�Yo€�of loss if na made promptly Gy Borrower,
<br /> Unkss Leider aridSBormwa�otherwise agra in�wdting.insunnce prooe�a slwll be applied to reawradon or rep�ir af the .
<br /> Prapa-ty daan�ed,if t�e restoratart or�ir ia economicatly fGasible u�d Lendar's savriry is not le�se�d:If the n+oor�don or
<br /> ropir i�nat�xanomicaUy fdsible or l.a�der'a axurity would be lessa�,the inaun�nce procxeda aFull be appliod W the sut� •
<br /> �eewred bi%•this Searrity Instrument, whdl�er or ix�c �hen due, with �nv �xcacs p�id to Borrower. If Borrowu �b�rddns�tbe
<br /> Propaty,or doea not,�ttawer within 30 daye a notice from Lender thu the insuranoe carrier lus o[krod ro xttlo a clalm,tlia►
<br /> L.ader rony collect �1�0•iiuuru►ce proceods. Lender may use the proceods tu,;re�air or reswiti tht Ptopetty ar to pay aunu •
<br /> seewrci by this Sewrity Instrument,whether or ncx then due,The 30-d�y period w.ill be�in when the ratia ia grvca�. ,.� r�
<br /> Unless 4ender and Borrowa otl�err�9se �groe in writing. any �ppliation,�bf proceods to principd shall not extend or
<br /> poMpone tf�e due dau of the monthly p�yments referred to in p�gr�phs 1 and 2 or ch�nge tbe mwunt of the p�yu�q�t�. If
<br /> unAx pr�gr�21 the Propetty is ncqulred by Lender,Borrower'e right to any insuru�ce policiea ud proceoda n�ulting troa►
<br /> d�nr�e w the Propaty prior to the acquisidon shall poss to Lender to th�extent of the sums savred by thia Socvrity Insbumeat
<br /> immedialely pnor to the:act�uiaiUon. `.� ;
<br /> �. �O��AC�'r PI'p!!'Y�li{OOr 11��11�!l1�IIC!!�d H'OtElt�o�th!P!'OpECtYi;BO1T'oN'!t's I.O�M A�I�Ut10� L!Yl�OIdI. ...,
<br /> Bonowa sh�ll c�ocupy,atablish,u�d use the Propaty u Horrowa's principal rrsidence within sixty days after the eaxution of
<br /> tftji Security lnawm�nt u�d sfull m:itinue to occupy the Property�s Borrower's principal reaidenc�e for at lea�t one yar aRa
<br /> the d�te of oocupu�c,y. unless Lertd�:r aherwise agras in writing,which consent shell na be unraaonwWy w�ithbeld,or unless
<br /> e,.uauating circumaGu�oes eaist which ue beyord Borrower's c�ontrol. Bqrrower shrll not destroy, durru�e or impir tt�e
<br /> Pe�opecty,allow the Propecty to deteriorate, or mmmit waue un the Pruperty.�Borrower shall be in default if any forfaturo
<br /> �ction or procoeding, whether civil or criminal,is begun ttut in L,u�du's goad fx�th judgmeat rnuld nesult io forkitut+e of the
<br /> Pr+opertY or otherwise m�teciaily impair the lie�creaced by this Security[nstcument or Lender's security inlereat. Borrowa tn�y
<br /> cure such�default ud reinstate,u provided in paragraph IS,by cawsing the action or procealing to be dismiseed with a ruling
<br /> that,in Lender's good f�ith decmnin�tion, procludes forfciturC of the Bormwer's intereat in the Property or otlia rruuerial
<br /> irnpirrna�t of the lien crcatod by this Securiry Instrument or Ltndei s savriry interest:.Borrower sh�ll �Iso be in default if
<br /> Hc�rrower,durinlc the loan application process,g�ve tnaterially false or inaccurate�information or statemaKS to I.ender(or fiiled
<br /> to providc Lender with any rnaterial inforrriation)in connertion with the loan evidenced by the Note,including,but rat limited
<br /> to.�tallons concerning Bormwer's occupancy uf tbe Property as�principa!residenqe. If tlyw Security Instncma�t is on a
<br /> kateMc�ld, Bortvwer sh�ll comply with all the provisions of'tt�e lr,ise. 1f Horrower ao��res fiee tilk to the Propeny, the
<br /> leasehold and the fa titk shall na merge unloss I.ender agroes to'the nxrger in wridng.
<br /> 7. Pwtectbn of i.e�der's RlRbts in the Property.If Bomower fuls to.perform the coverunts�nd agroattients contained in
<br /> this Security Instrument,or therc is a legai proceedin�t that may siqnificantly uffext I.ender's rights in the Property(such as a
<br /> proceeding in bank�upec„;.:obatc, for condemnation or Eadeituro or to enforce l��:s or regulateons), ihen Lender rt�y do and
<br /> pay for whatever fs necessary to protoct the value of the Property and C.ender's rights in the Property. i.ender's acnons may
<br /> include prying any sunu secured by a lien which has priority over this Sxurity Inatrument, �ppearin� in court. p�yin�
<br /> reawnable attomeys' fe�ancl rntering on tht Property to m�ke rep�ir�.Although L.ervkr may take acticm unJer dnis para6nph
<br /> 7. I,ender does not lu�ve to do so.
<br /> Any anxwnt� disbursod by Lerder under this p�ragn�ph 7 shall baomc additional debt of Bbrrawer secural 'by this
<br /> Security Instrumau. Unlas.4 Borrower anci Lender agroe to other terms of paynxnt, these unounts ahall beu interru from the
<br /> Jaee uC disbur;�ement at tha Nae rate�ud shall be paysble, with intercst, upon rxxice fmm Lende� w Borrower ieqiKStinE •�;
<br /> payment. �
<br /> 8. Mortpse I�nce.If i.ehder royuired mortgrge insuranoe as�cbndition af nulcing the lan securcd by this Security .
<br /> Inslrumrnt, Borrower shd! p�y the premiurt�s rcquirod to mrintain the mortgAge insur�nce �n effecz. If, fur any rason, the
<br /> mon6age insur�na a�ver�ge rcquirad by Lender lapses or eeace.c to be in effixt, Born,wer shdl p�y tMe praniums roquired to
<br /> obt�in covtrege substwntidly equivalent to the mortgage insurance p�viously �n effect,�►t a cost wbst�nti�lly equivrknt to the
<br /> cost io Horrowor of the mortgxge lnsurance previously in effoct, from an�Iternate mungage inaurc� �pproved by Lender. If
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<br /> �.�z o„ �o�.�,�oxe or90
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