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<br /> `;�a Le�del�nay,et arry tlme.e�II�ct end Kold'Funds tn en amawrt aot!a exceed ttie maxT�mun amourtt a lender tor a fedeealjy tetated mottgage J' :�
<br /> , ,` • ioazi rtny�equire tar Bono►vers es�sovir accaum under the,tederaf RQaF Es�ate Seutemmd PTocerL�res Aet of 1974 as amended trcm tirne to :,' '
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<br /> - � time,12 U.S.C.2501 eE saq.('8E5PA�.im[esa e�sother.law tt�appHea to the Funda sets a tesser amafmt. H so�Lender may.at any tlm�
<br /> - `�`�°,�. -` coIIeet and Aotd Ftu�ds 1n am m�o�mt not to exceed the tess��no�mi. I�ertder may�ttraate the mnoaM of tunds due on the besis.of �:F;' ,-
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<br /> �,��� curtent�ahd�sonatita estl�es ot e�en ,d'tures ot tuture Escrorv(tems or oitiev�fse(n accor�nce wBh appIIcabte taw .
<br /> " ;"�,'` `,. ��,� Thp funds BhaD be heid tn en tnstftutlan whose depog�s�re{nsuaed b1►a tederat ageney.instcumentelit}/,or erfi�► (�ndud�g Lender,ff ; .� :�
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<br /> . .�,•' `', t�ndei Is such an insti�G�n)9r tn�►y fedaal 6tame laan Bank l�td�sha�ap�tY the Funds to pay the E�,aow Itema. Lender may not .E. <: =
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<br /> chasgs BoRPwet tot hot�Mg end S➢Diyfng the F�cnds�annuattY enaly�tn9,the escrow aeaount.or v�ritying the EsQO�v ttems. untess i.�d�_ . .
<br />- - ' -- — � Pel►s 6arrower Ittte[est en the Funds entl epplieabie taw aetm�Ts Lender ta maSce such a charga Nowever.Lender may require Bo�mwer Lo ���_ ..<<
<br /> ' ,;.,-,` , pay a onetime charge tor art tnQep�dent seat est�e tax re�ortirig se�viee use3 by tertder in eunc�eei¢on w�th tfis taan,aniess a�pfic�Te� t '
<br /> `::`�;; . provides athenrdse. llntes� an agreement ts made or appGcebte taw requires interest to be paid. Lender sha11 not be requtred to pay .'
<br /> •'_.�. 8ortawer erry tnterest or eamtnga on the Wads.8arrower and Leider may agree in writin��however,that i�rest shaD be paid on the Funds. .�, . ;
<br /> -- —" Lender shafl gtve to Bortaw��r.w[ihat�i ch�ge,aa attsu�a!a�u�tnS ot the Eunds.showfng ened�s and debRs tn the Furtds end the piupose �
<br /> '':r� ' � for whfct�e�cA d�ll to the Funds was mude. The Funds ere pledged as add'itlonaf secwii}►tor a0 sums seeured 6y thls 3eauity Inshum�t.(9 _r,t. `v
<br /> ! - If the Fusds held by tertd'er mu:esd the amwurts pem�ted to be.heid by apPfccabte.law, lender shafl aecoimt to Bortower tor the� �;,t Y�.
<br /> , , ;`';•°' '`.�±'�� ex�ess Fur.ds bl accorQar►ee with tfie requUements of eppGcabte law. If the amauM o!tha Funds hetd by LEnder at atty tkne is nat suffiderrt �
<br /> •- .�.�. �6.°:u�., excess '�--`�.
<br /> , • ` to pay the Eseovr ftems afien due4 tender may so not�y Barmwer In mi�g,and.in such case Borrower shaD pay tri tat8�the emaur�
<br /> _`�,�,,'•�.:; ..:•.,`�-.• neeessar�/to make up the,de8ctent3l. Bormw�shaD maks up�tAe defldency in no mare than tweive monthty paymertts,at Lend�s sale*'� �•'`�`•
<br /> �sae8an. •' � --
<br /> � :<.;`��'. �•�' . -'. tfpon paymerrt tn iWD �1 aU sums se�wed Dy this SeauitSt fns�rummk LenQ�shall prempt[y retund to Borrow� airy Furtds held by ��.a--_,,
<br /> e aue � :.—
<br /> . �.,�µl, Lenda. Ifi under paragraph 21.Render shaD acqutre or seU the Property.Lender, Fhtor to the ac�ulsitton or�sale of the Property.shan aDP�]I �,.';.:-;
<br />< ��. �'n�.. . ,�` any Wnds heid py Lender at tl�e tima of acqutsiUon or sais qs a cred�t against the sums secured isy thb Secufiry(ns4ument ;
<br /> �;^f f.��. ,.-.;`•." 3.APPIiC84TOt1 af Payfrletlts. U�`.�ss apARwbte taw provid�otheuvise�s0 payments recetve�by L�der un�eer paragr�hs.1 and . •";_,
<br />' �. ' 2 sha0 be app0ed:first.to arry Prepayment charges due under the Note; second,to amouMs payabte under paragraph 2: third w IMerest -
<br /> .° 4 r`; dt:�toufth.to pdncipa►du�and tast.to any tate chan,�es due under the Note. ' f
<br /> � `• `,•� . 4.Charge�:Uens. Borrower st�aa pay au taxes.ass�smertis.charges.ftnes end impast�ons ffitr�butabte ta th�Pmperty whic�may � ..
<br />� __ "'.='i'.�.Yc�:_�; -
<br /> . attatn pdority over thts Securfry tnstrum�t, end feasehaid PaymeMs or�aund teRts.it any. Bottawer st�4 pay these obil�tlons in the -_
<br /> �:'.,,�:::.�:�; manner provided fn para�aPh 2. or H no!patd.o�thai manner, Borrower shs0 pay them on t6ne � fa the persort owed paymertt
<br /> � Borrower sAaD prompty fumish to Lender ab noUces of amaunts to be �ald under thts para�h: H Borrower makes these paymerrts �.--�"'
<br /> � �" `��I�" dUecUy.Bortower shaU promFSly fumiah to Lendet receipts eviQencing the payments. F
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<br /> • Harrawer shaR promptly dlscharge any�en which hss pdoriry over this Secaicily(nstr+ime.nt unless Borrowec (a)egreea tn wrfdng tb the � .
<br /> T '� ,;•�t payment ot the obCgatlon set�red by ffie Qen in a�nnet acceptebla to leRder, (bI wtrtests tn 9ood faitb the Qen by.or defends agafist � ,
<br /> • " f��' enforcement of the Qen tn.legai proceedln9s,whicb in the LenQera opinlan operate W prEVent the�torcement of the�en: or(c)secures irom �.r.�;�
<br /> � the hofdei of the Ilen an a�ement sedsfacto�y► to Lender subordmaUng tAe tlen to this Seatrity InstrumenL it lend� determines thaf any �;�;;x,;:
<br /> , � � � paR of the Pr�DeitY is sub;ad to a Qer►which may attah�pdor(ty over thts Secudty InsWmetrt.Lender may gtve Borrower a natice(dertTMfi9. , _-—=
<br /> � " the lien. BoROwer sha0 saGsfy the lien or fake one or more of the acduns set forth ebwe within 10 days ot the giving of nolfce. . . ..p~. ...
<br /> . _ _... � � S. Hazard ar Peoperty Insura.�. Borrower shall keep the hnprovements now e�dst�r��ar hereaR�erected on the PropertY . � �-_.-
<br /> � • t Insured against loss by ftte. hamrds (rra1�3 wllhln the tertn '�ended caverage' and eny other hazarda, including ftooQs or flooding.for u:.:}5-.
<br /> - whicf�Lertder requires insurance. Thtr,insuranca shap be maUitaUied tn the amourrts end for the per(ods that Lender requtres. The fisurance �_:f:=�
<br /> � ca[r1a provt�ng the Insuranca sfia(t be chosen by Borrower subject to Lender's apQrovel which shaU not be unreasonably wftfihetcl. If � : _::
<br /> � •,,.,� .'. " I� Boaower ta'sts to mohetetr� coverage descrmed ebove, Lender may, at lendePs optlon, obtsin coverage to protect Lender's dgt►ts in the _ J
<br /> ' prapeRy in accordance witt►paracyeph 7. � ` -
<br /> �� Aif Insurance pa�ctes en0 renewaJs sha0 be acceptabla to Lender end sRaA Tnclude e standard mortgage dause. Lender sha0 hav�e the . • � —
<br /> ' • � Agfrt to ho}d the po�ctes and renewats. H Lender requires. Bortower shaD prompth►give to Lender atl receipts of paid prem�ums and renewal ?�
<br /> :,_ .. ,1. � ,�. ,. �noUcos. In the avent of(ass.Bortower shatl ghre proropt natice to the Insutance cartler.and Lender. Lend�may make proof:of loss H not: � , �=
<br /> � made prompty by Borrawer: � �.
<br /> > �'. , ' UNess Lender and Sorrower othenvis3 agree in wrking. lnsurance proceeas sha0 be epptted to resto►atio�a or repatr of the•Property '
<br /> '• • ` • • damaged �t One restnra9on or repatr is exc�omieally teasibie end Lendera secur(ty Is not Iessene0. � lt the restoratton ar repair ts na! � �%"•-=
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<br /> . � :�; econoMcal9y teasIDte or Lenders securfty woutd be lessened,the insurance proceeds shall be applied to the suma•secured by thb$ecUrity i;.�`.:.
<br /> ' InsOUment, whether or not then due,with any excess patd to Batrower. !f Borrower abandana the Property.or does not answer�withtn 30 _=-.
<br /> i:. daya a nol9ce from Leader that the insurance e�rrter has oftered to settle a cialm,then leeder may wltect the insurance proceeda: Lender "r�'-'
<br /> 3: . . � .
<br /> :; . : � " �: �, �nay use tha proceeds to rep�ir ar restore the Property or to pay sums secured by this 3ewrity Instrument,whether or not then due.The .,.:
<br /> �: � 30�day pertc�vNi begln when the natice is given.
<br />''•� � Unless lender and Borrower otherwise agree in wriUrtg,arry app�caUon of proceeds to.pfindpal sfia11 nW extend or postpane ffie�e .
<br /> � _.. date ot the monthy payments referred to in paragrapfis 1 and c or change the amount of the payments. {f under paragrayh 2t ihe Property .
<br /> � • is ecquired by Lender. Bortower's right to any insurance policies and proceeds r�esultir.g from damage to the Properiy pdor to the acquisiUon
<br /> � � shatl pass to Lender Uo the e�Rent of the sums seoured by this Secudry Inst[ument immedlately pdor to the acqulsiUon.
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<br /> . , � ' 8. Qacupancy, Presen�a4lon, Malrnenanco and PraiecNoa� M the Property; 8orrowe�'s L.oan qQplicatton; � i�
<br /> ' " •� Leeseholde. Bortower shall occupy,establlsh,end use the Property as 8orrower's pdncipat resiGence wfthin sixty days efter the�cecution �
<br />-�;;� � : _ o!this Secudry Instrument and shall conUnue to occupy the Property►as Bortower's prineipal rosidence tor at teast one year after 1he daie of ��
<br /> ;y�l.,:,. • _ occupancy.untess Lender e'Y:Erwlse agrees in wriUng,whicb consent shaU not be unreasonabiy wtthhetd,or uniess extenuating ctrcums�tences
<br /> �, . : e�dst whic'�ze 6eyond Borrower's control. BoROwer shail not destroy, damage or tmpatr the Property,altow the PropeAy to detedo►ate, or
<br /> commit wzwe on the Property. Bortower ahap be(n detauft N eny tor'z�re aeUon or proceeding,whether cl�ii or crtminal, is begun lhat in
<br /> ' � . �. LendePa gaod faith judgment could resuit (n forteiture of the PiropeRy or otheiwise matedalry impeir the Oen aeated by this Securfly .
<br />" � . � Mstrument or Lenders sewrity interesL 8artower may cure such a detauit and relnslate,as provlded in paragraph 18, by Causing the adion
<br />. • , or proceeding to be dismisaed with a ruling that, in Lender's good ta3th determinuUon, preciudes toAeiture ot the Borrower s interest in the � '
<br /> " Pcoperly or other material impalrment of the flen created by this Security Instrumeni or Lender's security Interes� Borrower shall etso be In
<br /> � � detautt H Bortower, dudng the loan appllcaUon process. gave matedallyr ta(se or inaccurate iMormation or statements to Lender(or faited to
<br /> provlde lender wfth any matedal InfortnaUon) In connection wtth the toan evidenced by the Noto,inctuding. 6ut not�mfted to,representattans
<br /> '�" ' _ � conceming 8orrowers oecupancy of the Property as a pflncipal residence. 8 tAis Security InsWment is on a Ieasehotd. 8ortovier shail
<br /> � . .• comply with ell the provisions ot the tease. If Borrower acqulras tee Utte to the Property. the �easehotd and the fee title shall not merge .
<br /> unless Lender agrees to the merger in writlng.
<br />' ' ° Form 3028 9/90 .
<br /> . �, ' F4009.LM0(81971 Pnga 2 of 5
<br /> � ' 97199
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