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<br /> The Funds shaN be held in an institution whosq deposlts are insural by a federal agene�! ir�iitnEntuRtY bT'entlty
<br /> r;+�,.i��.�s.,�t�P� if 1 nn�l�r ic utoF��n :ns►ttudanl�r in anv Fcderal Home I.oun Bunk.l.cnder shall apply the Funds tu puy the
<br /> Lscrow itcros. Lcndcr m;�y m�t chitrge Bsxro�acr for holding anA n�p►ying thc Nunds, annuatly unalyr.tng[nc exruw ucwuu�..•. �
<br /> verifying the Gscrow Items.unless l.endcr pnys Borrower interest un the Funds c�nd applirs�ble luw permlis Lender to ntakc such
<br /> a churge. Hi�wever. I.endcr muy rcyuirc Borruwer to p�+y u une-time churge for un indcpendent rwl cstute tux reponing e�crvirc
<br /> utied by LenJer in conncctiun with this laun. unlcss upplicabic luw providcy uthcnvisc. Unles�; ;m ►igrccmcn� is mude nr
<br /> upplicablc luw reyuires intcrest ta bcpuid,Lcndcr shiill not bc rcquired w pny Barrower any intcrest or carnings on thc Funds.
<br /> Borrower und I..endcr muy ugrce in writing, hmvcver, thut intcrest shall bc puid on thc Nundti. l.ender sliAll give to Borrawcr.
<br /> without churge, an unnuul acec�unting of the Funds, shc�wing creclits and debitti to the Fundti nnd the pury���e for whieh eueh
<br /> dcbit ta thc Funds wus mudc. Thc FunJs arc plcdgeci as adJitionul sccurity for aU sums sccurcci by this Scc�erity Insirumcnt.
<br /> lf the Funds held by[.ender cxmed the umounts permitted to he heid by uppUcubie luw, l.cndcr shull uccount to Horrawcr
<br /> fi►r the excess Fundti in accordance with the reyuirements uf upplicable I.�w. If the iunount of the Funds held by [.ender:�t any
<br /> time is not sufficient ta pay the Bsrrow Items whcn duc.l.endcr may sa nntify Horrawcr in writiiig. und.►n such c�.w:porcotscr —
<br /> �hull pay to L.ender the sunaunt neccssary to mul�e up the deficiency. Borrower shnll make up the deficiency in no mare thun
<br /> twelve monthly payments,at[.ender's sole discretion.
<br /> Upon puyment in full of all sums secured by this Sccurity Instrument, l.endcr�hull promptly refund tc� Bc�rrawer any
<br /> Funds held by Lendcr.If,undcr parngraph 21. Lender shall acquirc or sell the Property, Lendcr,prior to thc acyuisitian ar sale
<br /> of the Praperty,shall apply any Funds hcld by Lender at the time of acquisitton or tialc as a crcdlt aguinst thc sums securul by
<br /> this Security Instrument.
<br /> 3.Appltcatlon ot Payments. Unless applicable law provides otherwise+,all pnyments rc�civecl Uy Lender undcr paragr,�phs
<br /> 1 and 2 shall bc applied: first, to any prcpayment charges duc under the Note: sccocid,tu umounts payublc undcr puragraph 2:
<br /> third,to interest due;fourth, to princ�pal due;and last. to any lats charges due under the Nute.
<br /> 4.Charges; Liens. Borrowcr shall pay ull taxes. assessmcnts, charges, fincs and impc�sitions uttributable to the Property
<br /> wliich may uttain priority over this Secunty Instrument,and Ieasehold payments or ground rents, if any. Borcower shall pay
<br /> these obligations in the manner pravided in parnsraph 2,or if not paid in that manner,Borrower shall pay them un time directly
<br /> to the person owed payment. Borrowcr shall pramptly fumish to Lender all notices of amounts to be putd under[his paragraph.
<br /> Tf Borrativer makes these payments directly, Borrower shall pramptly furnish ta L.ender reccipts evtdencing the payments.
<br /> Bonower shall pramptly dischruge any lten which has prionty over this Secudty Instrument unless Borrawer:(a)ugrce5 in
<br /> writing to the payment of the oblig:�iion secured by the lien in a manner acceptuble to Lender; (b)contests in g�od faith the lien
<br /> by, or defends against enforcement nf the Iten in, legal praceedtngs which in the Lender's opinion operate to prevent thc
<br /> enforcement of the licn; or(c)secure.. from thc holder of thc lien an agrcement satisfactory to Lendcr subordinating the licn ca
<br /> this Security Instrument. If Lender determin�s that any part of the Property is subject to a lien which may uttain priority over
<br /> this Security [nstrument, Lender may gtve Borrower u notice identifying the licn.Horrower shall satisfy the licn or take one or
<br /> mare of the actions set forth above within IO duys of the giving of notice.
<br /> 5. Hazard ar Property Insurance. Borrower shull keep the improvements nnw existing or hereafter erectcd on the
<br /> Property insured aguinst loss by fire, hazards included within thc term "extended cavcrage" and any other hazards. including
<br /> floods ar flooding.for which Lender requires insurance.This insurance shall be maintained in the amounts And for the periods
<br /> that Lender requires. The insurance carrier providing the insurunce shall be chosen by Borrower subJect to Lender's approval
<br /> which shull not be unrc;asonably wiihheid. If Borrower fails ta maintain coveragc dcscribed above. L.ender may, at Lendcr's
<br /> �ption,obssin co�eraoc te proser� t cnder's riehts in the Property in accordance with paragraph 7.
<br /> All insurance policie+ and renewals shall be ncceptable to Lender and shall include a stnndard mortguge ciause. LencIer
<br /> shnll have the right to hold the pol icics and renewuls. If Lender requires,Horrower shall promptly give ta Lender nit reccipts of
<br /> paid premiums and renewal notices.!n the event of loss,Borrower shall give prompt notice to the msurance canier and L.ender,
<br /> Lcnder may makc proof of lass if nd made promptly by Borrowcr.
<br /> Unless I..rn�er artd Borcower aherwjse ugree m wnting,insurance proceeds shall be applied to restoration or repair of the
<br /> Property damaged.if thc restorationor repair is ccanomicully feasible and I.cnder's security is not lessened.If the restaration or
<br /> repair is not economieally fea,ible or Lender's security would be lessened,the insuranee proceeds shall be applied to the su�ns
<br /> secure� by this Security Instnmient, whcther or not ti�en due, with any excess paid to Borrowcr. If Burrawer ub:mdons the
<br /> Property, or dces not ancwer within 30 days a notice from I.ender thut the insurance carricr has offered to settle u claim,then
<br /> Lcr.der m�y ��Il�rr rhe insurnnce arocceds. Lender may utic the proceeds to repai�or restore the Property or to pay sums
<br /> secured by this Security instrument,whether or not th�n duc.The 3U-day period w�l l beg�n when the nniic:e�s givcu.
<br /> � Unless I..ender und Sorrower otherwise ugree in writing, any application of proceeds to principal shuU not extend ur
<br /> postpone the due date of the monthly paymcnts referrcAl ta in paragraphs I and 2 or change the amount of the payments. If
<br /> under paragrsph 21 the Property isacquired by Lender.Borrower's right to any insur•rnce policies and procecds resultin�from
<br /> damage to the Property prior to theacquisition shaQ pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immedintely prior ta the acquisition.
<br /> 6.Occupnncy,Preservstion,htaintenance and Protection of the Property;Borrower's Loan Application; I.easeholds�
<br /> Boneiwer shall occupy.establish, and use the Propcny as Borcower's prinripal rcsidence within sixty days atter the cxccution of
<br /> this Security Instrument nnd shalt c�ntlnue to occupy the Property as Hurrower's principal residence for ut Ieast one year after
<br /> the date of occupancy, unless Lender othcrwise Agrees in v,•riting. which cansent shall n�x be unreasonably wlthheld,or unless
<br /> extenuuting circumstances exist which are beyond Horcower's control. Borrower shall not destroy, damage or impair the
<br /> Property. allow the Property to deteriorute, ar commit�vastc on thc Property. Borrowcr ahall tse in default if any forfeiturc
<br /> action or proceeding, whether civil or criminal, is begun that in Lender's goal fuith judgment could result in forfeiture of elu
<br /> Property or otherwise materially ampair the lien creuted by this Se�:urity Instrunxnt or Lender's securfty interest.Borrower may
<br /> cure such a defnult and reinstste, us provided in paragraph 18,by causing the action or proceeciing to be dismissed with a ruling
<br /> that. in [.ender's gaxi fuith Jetermination, precludes forfciture of the Bon•awer's intcrest in the Property or other material
<br /> impairment of the lien creatcd by ihis Sccurity Instrument or [xnder's security interest. Borrowcr shall also bc in defuult if
<br /> Borrower,during the lo.u�upplic:itbn process,gUVC materially fulse or inaccurate inforn�ation or stutements.to Lender(or failed
<br /> to provide Lender with any material informatiun) in connection with the loai�evidenccd by the Note, including,but not limited
<br /> tu,representatians concerning Burrower's occupancy of thc Property ax n principal residence. If this Security Instrument is on u
<br /> leasehold. Borcowcr shnll comply with all thc provisions of thc Icasc. 1t &�rcc�wcr acquires fce title to Nu Property, thc
<br /> Ieutiehold and thc fce titic shall nc�t mcrgc unlcss Lcndcr abrecs to thc mergcr in writing.
<br /> 7.Protectlon of Lender's Rlghts in the I'roperty.If Borrowrr fails to perForm the covenants und agreements wntuincd in
<br /> this Security lnstrument,or there is a Ic�ul proceafing that may significandy affect L.ender's rights in the Propeny(such as a
<br /> proc:eeding in bankruptcy, prubute,for condemnation or farfeiture or to enfore�laws or rcgulatiom), then[.ender muy do and
<br /> pay for whatever is necessary to protect the vulue of the Property und Lender's rights in the Propeny. l.ender's actions may
<br /> mcludc paying uny sums ticcurcd by n licn which has priority ovcr this Scxurity Instrumcnt, uppcaring in court, paying
<br /> rcutionable uttorneys' fi�cs xnd entering on thc Property to makc repairs. Although I.cndcr may tukc uction under this paragraph
<br /> 7,L.cnJcr docs not havc to do so.
<br /> le..L..___A �_.t_..a.... .....to. �M:�- nu�nurunl� 7 chall hrrttntc :�dditiowl debt of Borrower secured by this
<br /> - Hlly iItINUIIt� utaowxv v)w.�..... .. ....° r�—a•-r" �
<br /> Security Instrument. Unless Borruwcr and [.cndcr ugree to other terms of pnyment,the�c anwunts shall bear intemst fram thc
<br /> date uf disburacment at thc Notc rutc unJ shall be payab(c, with interest, upon noti�c from Lendcr to Borrowcr requesting
<br /> - payment.
<br /> 8. MortgaRe Insurunce.If Lcnder rcyuired mortguge insurancc as a rondition nf making thc loun sccured by this Securiry
<br /> - [nstrument. 8orrower tih�ll pay �hc premiums ccquimd t�i maintuin thc mortgage insurancc �n cffcct. If, f'or any rcason, thc
<br />.— mortbagc insurancc covcruNc rcyuirrd by Lendcr lap�cs�,r cecises to be in cffect. Borrowcr shall pay thc pnmiums rcquin:d to
<br /> obtain a�veragr substantiully eyuivulent h�the mort�*age insurance previously in effert,nt a cost substuntiully eyuiv.dent to the
<br /> cost to dc�rro�vcr of thc monga�ec insursnrc previously in efticct, frum un alternatc murt�;agc insurer approvcd by Lc�ndcr.If
<br /> r..flo a o�a Form 3028 9180
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