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<br /> The Funds sliall be held in an institution whose deposits are insured by A fCdClAI ugency, ins�rumaitulity. ar cntlty
<br /> l�nciuding l.�sndcr, �i LenUcr ro�uci� iu�i�uiituliui�j ui iu dy :.�.::.".�.�:C::��0��A�n�, t��•�h.dl nrnlv ih�f�utu�x tu 011V l�iC ,
<br /> Lscrow[tems. I..ender n�uy not charge Borrower for holding and applying the Fw►J,.u+�uuutty ar+:dyzing ihc:c�en►�v urct+unt,+�r __.
<br /> verifying d�G Escrow Items. unless I.ender pays Bottower interest on the Funds und applicabielnw�xrniilv l.ci�ler to muke r;i►ch
<br /> u ch�srgc. However, Lcndcr muy require Borrower to pay a nne-time chargc far an independem rcal ctitide t:�x rc�HrrthrN hcrvlcc
<br /> uscd by L.cnder in connection with this loan, unless applicable law provide+ othcnvisc. Unlesv un agrecmcnt is roudc or�
<br /> applicable luw requires interest to be paid, Lender shsll not be required ta puy 8orruwer any intrrest��r curnlu�r:�m thc 1'unds.y
<br /> Borrower and I.cnder may ugree in wrrting, hawever, tlnut interest shaU bc paid on ihe Funclv. l.e�uler �hull g�vc tu l�urruwcr. �
<br /> withaut chnrge, un annual accounting of the Funds, showing credits and debitti to ihc Fund+nnd the purFxi�e ti�r whfch cuclr-�
<br /> debit m the Funds was made.The Funds are pledged as additional security for all sums secureJ by thlx Security Instrument. �
<br /> If the Funds hcld by Lender exceed the amounu permitted to be held by applicable luw.Lender tihull uccount tu Hi�rrawcf`O
<br /> for the excess Funds in accurdaixe witli the reyuircmants of appllcable law. If the am�unt ��f�h� Fun�ly hcld hy I.�ndcr ut nny`�
<br /> time is not sufficient to pay the Escrow Items when due. Lender may so notify Borrower in writing,und,in such cuyc H��rruwer�'
<br /> s6all pay to I.ender the amount necessary to make up the deficlency. Eonower shull make up the deticiency in nu m��re tl�un�
<br /> twelve monthly payments,at Lendcr's sole discretion.
<br /> Upon payment ln full of aU sums secured by this Security Instrument, I.endcr tihall pmmptly rcfund to Borruwer ��ny
<br /> Funds held by I.endcr. If,under parngraph 21,Lender shall acquire or sell the Propeay,Lender. priar to thc ucNuisitfun or sulc
<br /> af the Property, shall apply any Funds held by Lender at the time of acquisition nr�nle us u credit aguinst the suma secured by
<br /> this Security Inst��ument.
<br /> 3.AppUcation of Payments.Unless applicable law provides atherwise.ull pnyments reccivcd by Lcndcr undcr puriigriiphs
<br /> l and 2 shall be applled: first, to any prepayment charges due under the Nntc: sccond, to amounts payublc under puru�;riiph 2:
<br /> third,to intcrest due; faur[h,ta principal due;and latit, to any late churgec duc under thc Notc.
<br /> 4.Chur�es; Liens. Borrower shall pay all taxes, assessments,churges, tines and impusici��n+uttributublc to thc Pra�c►ty
<br /> which may attain priority over this Secui7ry Instrument, nnd Ieasehold payments or ground rents, if' uny. Burrowcr shal� pay
<br /> these obligutions in the manner provided in parAgraph 2. or if not paid in that manncr. Borrower shull pay thcm un timc dircrtly
<br /> ro thc person uwed payment.BaROwcr shall pramptly fumish to I.ender ull no►ices of umounts to bc pald undcr chi.r parograph.
<br /> If Bormwer mukes these p.�.-m. �ts direc 'y. Bom wcr shall pr��mpUy furnish to[.endcr rcccipts evIdencing thc pi�ymr,nts.
<br /> Borrawer shaU promptly d�scharge uny lien��hi��i hati p� �rity ovcr this Securiry Instrumcnt unlccs Borrawer:(u)agrccs in
<br /> writing to the p�yment of the obligation secured by ihe lien in a manner ucceptuble ro L.ender:(b)cantesis in goud faith the lien
<br /> by, or defends against enforccmcnt of thc licn in, legal proceedings which in thc Lendcr's opinion operute to prevcnt thc
<br /> enfarcement of the lien;or(c) secures fro�n the halder of the lien an agreement satisfuctory to l.ender subordinating the lien tc�
<br /> this Security Instrument. If I.ender determines that any part of the Prope�ty is subjat to a lien which may nttuin priority over
<br /> this 5ecuriry Instrument, I..�:ndcr muy give Bonower u notice identifying the licn. Borcower shal l satisfy thc licn or takc nnc or
<br /> more of the actians set forth above within l0 days of the giving of notice.
<br /> 5. Huzard or Property Insurance. Borrower shull keep the improvements now existing or hereaftcr erected on the
<br /> Property insuretl against loss by�re, haxarus included within the term "extended cuveruge"and any other huzurds. including
<br /> Floods or floading, for which Lender requires insurance.This insurance shall be mainxained in the wnam�ts und fi�r�he periods
<br /> thut Lender requires. The insurance currier pPovtding the insurunce shall bc chosen by Harrower subjcct to Lender'ti upprovnl
<br /> which shall not be ttnrcasanably withheld. If Borrower fuils to matntnin covcruge descrihed ubovc. Lcndcr muy, at I.ender'g
<br /> optiun,obtain eoverage to protect t.ender's rights in che Propeny in accu�duiicc uiih[aragraph?.
<br /> All insurance policies and renewals shall be acceFtable to I.ender und shall include a stnndard nwrcgagc clause. Lender
<br /> .hall have thc right to hold the�olicles and renewals. If I.ender requires,Borrower shall promptly give io Lcndcr all receipts of
<br /> paid premiums and renewal notucs.In the event of loss,Borrower shall give prompt notice to the msurance carricr und Lcnder.
<br /> Lcndcr may make proof of loss if not mndc promptly by Borrower.
<br /> Unless l.ender und Borrawer otherwise n�ree in writing,insurancc proceeds shall be applied tu restoration or repair of the
<br /> Property damageci,if thc restoration or repair is cconomically fcusiblc and Lcnder's security is not Icssenal.If the restoration or
<br /> repuir is nut economically fcasiblc or L.ender's security would he lessen°d. thc insurance praceds shall bc applled to the sums
<br /> ucurcd by thls Security Instrument, whether ar not then due, with uny excess paid to Borrc�wer. If Borrower ubandons the
<br /> 1'ruperty,or does not answer �vithin 30 days a notice from L.ender that the insurance carricr has offered to settle a cluim, then
<br /> Letxter may cottect the in�uru��e pw�r.c�1a. I.�.ndcr ma� usc the pro:.:..cls to reF�r i�r ract�Tn rh� Pm�Prty �r tn �ay sums
<br /> +ecurcJ by this Security Instrumcnt,whether or not then due.The 30-day period will begin when the noticc�s given.
<br /> Unless I.ender and Borrower otherwise ugree in writing, any upplication of proceeds to principal shall not extend or
<br /> putitpone the due dute of thc monthly paymcnts referred to in paragruphs 1 and 2 or chunge thc amount of thc payments. If
<br /> wxlcr puragraph 21 the Property is acquircd by Lender.Borrower's right ta any insurance policies und proceeds resulting from
<br /> dumuge to the Property prior to thc acqutsition shall pass to Lendcr to the extent of the sums sccured by this Security Instrumcnt
<br /> Immecliutcly prior to the acquisition.
<br /> 6.Occupancy,Preservation, Matntenance and Protectton of the Pro�,eMy;Burrower's Loan Applicatlon;Leaseholds.
<br /> Ik�rn�wer shall occupy,establish,and use the Prnperty as Borrower's principal residence within sixty duys after the execution of
<br /> tl�is Sccurity Instrumcnt and siiall continue to occupy the Property as Borrower's principal residence for at Icast one year nfter
<br /> Uic datc of occupancy, unless Lender otherwise agrees in writing,which cnnsent shall nut be unrcasonably withheld, or unless
<br /> cxtcnuutlns circumstances exist which are beyond Borrower's control. Borrower 5hall not dcstroy,damage or impair the
<br /> 1'ru�rty, ulluw the Propeny to dctcriorute, or commit w�ste on the Property. Borrower shull be in default if:u�y forfelture
<br /> uction��r pr�kccJing. whether civil or criminal, is begun thut in Lendcr's goad faith judgmcnt could rcsult in forfciture of the
<br /> F�ru�xr�y ur utl�erwise inaterially impuir the licn c:reuted by this Securiry Instrument or L.ender's security interest. Borrower may
<br /> rw•c surh u def'uult and reinstate,us provided in parugraph 18,by causing the action or procecding to be dismissed with a ruling
<br /> Ilun, iu I.�ndcr's gaxl faith dctermination, precludes forfeiturc of thc Bonower's intcrest in the Property or uther mutcriul
<br /> hnpnivment uf thc licn created by this Security Instrument or Lender's secudty interest. Horrower �I�all nlso be in default if
<br /> 1i�irrnwcr.�turing thc loan applicution process,guve muteri:�lly false ur inaccurato information or statements to Lender(or failed
<br /> i,� pruvide I.�ixter with any materiat informationl in connection with the I�iun evidenced by the Note. including,but not limited
<br /> to, reprc�enu�tions roncerntnb Borrower's nccupuncy of the Property as a prineipal residence.If this Securiry Instrument is an u
<br /> Icuuh�dd, liurruwcr shiill comply with all the provisions uf thc Icusc. If Borrowcr aryuires fcc tidc w thc Pruperty, the
<br /> Irtt�chulJ w►d thc fcc tidc shaU not mergc unlcss LenJcr ugrces to the merger in writing.
<br /> 7. 1'rulecNon of Lender's Rights in the Prnperty.If Bnrrowcr fails to perform thc covenants unJ ngrccments contalned in
<br /> thi�tir�:urity Intitrumcnt. or thcrc is u legul procccding that may significantly affcct Lender's rights in the Property (such as a
<br /> pr„�cc�lh�µ in h:mkruptcy. prubate, far rnndemnatiun or forfciture or w enforcc laws ur regulations),�hen le;nder may do and
<br /> ��ay tu►• wl�cttcvcr ir neccssary to protcct thc vuluc of'thc Propcny und Lendcr's rights in�hc Propeny. L.ender's actions muy
<br /> nic��u�r p,iyinµ m�y suin, xccured by a lien which has priorrty over this Security instrument, app�aring in court, paying
<br /> r�ii,unuble t�uurnryy' fcr.r and cntcring on the Prope►�ty to makc rcpuirs. Although L�;nder may takc action under thfs parugraph
<br /> 7 1 n�ula•r dir��uul ItLVC Io(�U S0. .,� �.. .La_
<br /> � Any mnuunt� ditibursed by I.cnder under thiti pcuagraph 7 Shall bccomr advuiont+i deo� oi uorrower ��:w�� .�y �����
<br /> - tierwity bi�trumcnt• Unlcss Bnrrower und I.cnder agrcc to otllcr tcrms of puyment, these amounts tih�dl hcar interest from the
<br /> a ��,��c„t dftii,ui�,cnunt ut thc Nutc ratc snd tihaq bc puyable. with intcrest, upon noticc from Lcndcr tci Borrowcr rcqucsting
<br /> � p:�y����•�►I.
<br /> = N. �tortknµe Insurunee.lt'Lender reyuired mi�rtguge intiurancc u�u condttion c�f moking the loan secureJ hy this Security
<br /> — �ii.tnuiirnt, H,nr,�wcr .I�ull p�iy the prcmiums reyuirr.d tc� muinlain Ihe mortgugc insurancc in cffect. If, fur any rc�son, the
<br /> nwn4;i��c in.�n'+mrr c��vrr.i�;r required by lsnder lapses or ceases to be in effect,9orruwer shull pay Ihe premiums reyuirul tu
<br /> -- ,da,,m ,„�•rru�r ,uN�tantitdly cyuiv:dent to the mortga$e insurance previously in effect,ut a cc�st suNstantiully eyuiv,ilcnt ta tl�c
<br /> - c„�i a, I;ui iu��er uf dir mur�l�a�c inruruncc prcviouslp in clTcrt, frc�m an ultcrnatc murtgagc insurcr upprovrd l�y Lcndcr. If
<br />-an
<br />-�� P�oQ�o�4 Form 3028 9180
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