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<br /> ' :r�'��,�� . � a ��������br eatity �` ,•�.
<br /> -;.,�.`,`-.`:�� :,t.': . The Fus�s shall be held 'ut an instiwrion whose deposits s�insured by a fied E�Y `�- ;
<br /> c :.��:•t",.,.•`� .(incSttdin�I,ender.if I.eader is s�cb an institutioaj or ia any Fedetal Home Loan Bank.Lender shall aPPl�the�accoun or .•''k�6.`::`
<br /> - - �,-`' . Essra�v items.Lender mey nat cha�ge 8ormwer fos holding an�!aPplYing the Fuads.annually analyzing LLaeender to make s�ch 4
<br /> uuiess Lender pays Bomn�r�r interest on the Fvads and�lieabte taw perauts nd
<br /> �'� verifyiag ttte Escrow Items. ind endent ceat estat�tax reportin �``'.
<br /> `��<:.. ` - service
<br /> ,:�°.ti, � a cfiarge.However.l.ender maY re4uire Bomawer to pay a ane-tirae charge for an ep s � :�;:�
<br /> is mlde or
<br /> � • us�d by i.�nder in co�ection with this toan. unless apphrabte taw pravides atherwise. Unl�ss an agreement �`�,;�i;
<br /> 'n
<br /> - applicabte taw requires interest to 6e paid,Leadtr st�all nnt be reqaired ta pay Borrower any imerest or earnin&s of►the Fucedg. �
<br /> .,`, '', - w and Z.ertdec taa �in wnung.6owever,that inter�t shall be patd on the Eunds.I.ender shall give W�arros�+er,
<br /> for wttich eu �,�"�s�
<br /> , �.,�,.:• Ha:ra er Y �`
<br /> �-.s� �i witho�t charge. an annual ac^.a�ting of the Funds.showin$crc�dits and debits to the F u a d s a n d t 6 e P�'Pos Instcumezu. � "�
<br /> ac
<br /> `, � E� . , debit Eo the Funds�vas uiade.l'�e Funds ara p2edged as addittanat sewrity for all sums secured by this Setvs�tY . ��`
<br /> �:�;: �.. �.
<br /> tf the Fumds hetd by Lender exce�d the amaunta�iermitted to be hetd Dy applicable law.l.ender sl�ali account:to Borroeves � `G-•
<br /> �'��`��` foF she excess�unds in�tcxordanoe wi����1�A�°f��'�1e iaw.If the amount of the Funds held by Lettder at any ��' ���
<br /> �.�_��s time is not sufficient to pay the Fscrow Items ahen due,Lender may soBo�er shall ema�e up the efic ency in aoemore than ` -�
<br /> - s h a 11 pay to Le�der tt�e smo�rst a�ssasi'tu a�e uP the de5siency. � -. _�
<br /> �'��� twetve monthiY.Pay�nt�+at ixnder's sole discretion.F,. �_�....a«. s..........�►_ i p++�t�. cl�all �mmntiv nfuisd to Borrowea any ��-
<br /> � -. � , upon PajiRte�m tutt ai aii sums;�u,wcui i�y in,�.sw.+�.y�••�•----
<br /> . . Funds held by Lender.If.�mder paragraFh Z1•Lende�sha1�$�N�or seU the PropertY.Lender,imar to the acquisition or saie �.=�
<br /> E .; -_.
<br /> � : t �,�• af�g�p�ty•s►�a11 apply any Funds tieid by Lender at the time of acqnisition or saie as a c�dat against tbe sums sewred by ���r _
<br /> "� ;` :�. ttris SecuritY��• received b Lender�tnder paraS�P� � -
<br /> ..� -�` " * . 3.Appucaiton of Payments.Unless applicable law pmvides otherwise,all payinents Y *
<br /> I and 2.sha11 be appliad:f�.to anY Prepayment�har8�. !e nader b 2; - -
<br /> ' due uuder the Note;second,to amounts PaYab p�P
<br /> t t u r d.t o interest due'fourtb,to principat due:and lasb to auy late charges due under the Note. �
<br /> , 4 4.Charges;Lt�s.Sorcower shall pay all taxes,•a s s e s s n a e n t s.charS e s,fi n e s a n d i m p u s i t i o n s a t m'b u t a b ie to the�Pro p e rt y , - ��
<br /> .which may attain prioricy over tivs Secant�+Instn�ment, and teasehold payments ur gronnd rents, if any. Borrower shalt pay ��,,v�,�..
<br /> � ` '�`. � these obligat�ons in the manner pra,vided ia paraf.taPh 2,or if not paid i�t that manner.Borrower shall pay them on time ditec3ly . �;.,-T�,
<br />_ : .� e.,.` .,
<br /> .,, ta the persmc ov►red paymeut. Borrower shail promptly fumish to Lender all notices of amounts to be paid under this paragcaph. �- °.:�=
<br /> b'- i.: .` if Borroaer snakes these payments directlY.Bo�TOwer shall promptly furnisR to I.ender receipts evidCncing che paymer►ts• � r,-_,,,,�
<br /> - ._ S .�... . .." .
<br /> Barsower s6ai1 promP�Y���8e�Y lien wfuch has pnoriry over t6is Security Tnsmiment untess Borrower:(a)agrees in c _� :
<br /> �`� � 'writing to the paymgnt of the obligation secured by the lien in a marmsr acceptable ta l.eader;(b1�n!���►good faith the lien - c
<br /> , :,;:, b y, or defeads againsi enforcement of the lien in. tegal praceedin8s which in tiie Ixndec's opinion aperate to prevent th° e —
<br /> - � .'' '��;:":.,..,�-: enfarcem�t of the lien:or(c)secures from.the hotder af t he tien an agreement satisfactory to i.ender subordinating the lien ta �.,r�T_,
<br /> .en
<br /> :- this Security fnamimeni. tf x.en dar d etenvines t h a t a n y p a rt a f t h e P r a p e rt y i s s u b j e c t t o a l i e n w h i c h m a Y attain p r iority oti-er ,;_.,...,,,_
<br /> Y ` this Security Instrumeat.Lender may give Borrowes a aotice identifying the lien.Borsower shall satisfy the i�en or take one or �� .-�.._
<br /> more of the act;oas set forth above within 10 days of the giving of nodse. _ __
<br /> g, Ha�rd br propert�r In�uranc¢, Borrower shaU iseep the unprovements now e.�istiuS or hei�eafter�erected on the =_
<br />_- ,`•`�';•''-,�,�.'-"'`� ` PiopereY insured against toss b y fire,haza�s incladed within the serm "extended caverage"and any'other I�aTards,inctad'mg � _
<br /> ". : �loqds or flooding.for whicb Lender requires insurarice.This idsurance sha11 be mazntai�ted��e�0���for the periads ' _--_
<br /> t� �� that Lemder reqnires.The insurance carrier providing the insurance shall be chosen by 8orcower subjecc to Lender's approval `�'".
<br /> ��.``• '��.'�. ��-;.�c� whicA shall not be anreasonabiy withheld.If Borro+�er fails to maintain a�verage descri6eQ above, Leader may,at i�ender's �_Y_
<br /> �`.;,,,:• :, � " � �n accordaace with paragraph 7. .
<br /> S.:_� •: ,`. opdan,abtam coverage w Qrotect I.ender's rights ia ttte Propercy' , _._
<br /> ''�;a� � '� `� All i��anCe policies and mnewais shall be acceptabte to Lender,and shall inctade a standard mortgage clause. I.ender
<br /> �',.• . . • � shall have thz tight to'hold the policies arn1 renewals.If I.eMer requires.Borrower shall prompilY give to Leuder all ieceipts of
<br /> ���� � � �I'�' : �� paid premiams and renewal notioes.In the event of loss.Borrower shall give pmmpt norice to the insurarice carrier and L�xder. �
<br /> '�� ' � Lendes may make proof of loss if not made promptly by Borrower. �'='��
<br />�'�`.. '� Unless Lender and Bcusower otherwise a�ree�a�vnUag.insti+sance pmceeds sh�il he a�plied ta.restor�tion or ccpair vf•the' ---._-
<br />`�, ,:.�;� , psapeny damaged,if the restoration or repair is economically feasi6le and Lender's securiry is not tessened.If the tesWrafson or
<br /> `: � .. npair is not economicaliy feasible or Ixnder's security woul�be leasenecl,the insurance pmceeds shall be apPlied'to the sums _- _"_
<br />" ' ... •.,,:;( .. secured by this Security Inswment.ahether or not then due, with a�ry ezcess paid to Borrower. If�orrower abandons ttte � .��..
<br /> �roperty,or does not answer within 30 days a notice from Lendea ttsat the insurance carrier has offered to settle a claim, then ,,,,..'w,�
<br /> sa
<br /> � � � Lender may ooltect the insurnnce pmceeds: Lender may usc the proceeds to rePair or restocz the Fcaperey or to pay sums __
<br /> _.� _ _ _ . secuced by tivs Security lnstrument,whether or not then due.The 3Q�day Pication of 6 roc,ccds o pn pal�si�ll ot extend.or ��-_-
<br /> '�:.: ` � Unless I.ender and Borrower othenvise agree in writing. any app P • �
<br /> � •.. postpone the due date of.the monthiy payments referred ta in paragraphs l and 2.or change the amouna of the pa}+n►ents' .If �:�-:.
<br /> �; ' � .:T ,.. :.•�..:���,.`' under par�aph 21 the Property is acquired by l.ender,Boa�wes's nght t4 any msurance Policies and pn�oe�ds resulrina from� ' —
<br /> •�: • damage.tm tF:e Froperty prior to the acqn�sition shall pass to Lender to the extent of the sums secured by this Security Ins�asment
<br />�.,;'. '�'.. r...". , immed�ate7y prior to the acyuisition. tioni I,easa'°�lds. �".
<br /> � ��.+� 6.Occupancy,Preservatlon,Maintenance and Pcotet�4lan of the Propera3';.Bo�ower's Loan Ap�ea
<br /> � ��.".� . • � Borrower shaii o�:cupy,establish.and use the Property as Borrower's principal residence within sixty days a��'r the execution of .`
<br /> `��-_--'�--J-. ' this Security Instrument and shall continue to accupy the Property as Borrower's psincipal tesidence for�:,�east�ne year aftcr ���
<br /> � ��. • the date af occupancy,unless l.ender otherwise agrees in writmg, which consent shall noi bc unreasona6ly withhe2d.or urdess . T _
<br /> extenuating circumstances exist which are beyond Borrower's eontrol. Borrower shall not destroy, damage or impair the �, _:
<br /> r�•_ -
<br />��.'` "' � Pmperty,allow the Property to deteriotate. or commit waste on the Prope rt y. Sonower shall be in defauit �f any forfeiture _
<br /> :��- ,� �action or praceed�n�. whether civil or criminal.is begun that in Leader's good f�ith judgment could result in forfe�ture of ttte -
<br /> • Property or otherwise materiaUy impair the lien created by this Securit�Instn►ment ar Lender's security interest.Borrower may, _ _
<br /> • � cure such a default and ceinstate.as provided in paragraph 18.by causmg the action or proceeding to be dismissed with a rulin� ��
<br /> � that, in Lender's good faith determinauon, precludes forfeiture of the Barrower's intcrest in the Praperty or other materiai �.__�
<br /> :z._ .. : .y,�� :: ' impairment of the lien created by this Secunry Instrument or Lender's securiry interest. Borrower sh:ill atso be in defaull if �.:,-
<br />�,r„ Banower,during the loan application proces�,gave materially false or inaccurat�information or statements to Lender(or f�iled —
<br /> •3i' � '� •.. � � to provide Lender with any material information)in connectian�vith ths toan evidettced by the Nate.inciuding.but not limited
<br /> ��+���• to,representation��onceming Bofrower's occupancy of the Property as a principal residence. If this 5ecurity Iastrument is on a � :
<br /> ;�''��'� • ' . teasehotd, Borrower s�:�.t� comply with all the pravisions of the lense. If Borrower acquires fee titte to the Property, ihe
<br /> � � � leasehuld and the fee titte shall_not merge unless Lender�grees to the merger in�vriting. • �
<br /> �x' . 7:Protectlon o�Lertder's Rlghts in the Property.lf Borrawer failato perform the covenants and agreements contained in .
<br /> ' this 5ecurity Instrument.or there is a legal procceding that may significxintly affect Lender's rights in the Property(sach as a ;�.: •
<br /> _, • � � praceeding in 6ankruptcy. probate, for condemnation ot forfeiture os to enforce la�vs or regulations),then l.ender may do and
<br /> ' ' pay for whatever is necessary to protecl the va(ne of the Property and Lender's rights in the Propcny. Lender s actions may .
<br /> ' ' �� � include paying any sums secured by a iien �vhich has prionty over this Security Jnstrument, appeanng in court, payirtg �r,:.
<br /> � . ' � masonable attomeys'fccs and ente�ing on the_Property to make�epairs. Atthou�h Lendcr may take action undcr this p:iragtaph ,
<br /> ����� • � 'I,l,ender does not have to do sa.
<br /> ;.'��� � . �. ,�. � Any amounts disbursed by Lender under this para�raph 7 shall hecome uddilion:zl debt of Burrower secured by this
<br /> ' ' ' • Secudty Instrument. Unlcs.s Borrower and Lender agree to nther terms of payment, these amounts shall bear interest fmm the
<br /> • " Jatc of disbursement at the Note ratc and shall be payabte. witA interest. upon notice from I.ender to Borrower reyuesting
<br /> , . , - p�oyment. ,
<br /> • . .. S,biortga�e iasurance.If Ixnder reyuired mortgvge insurance as a condition of making thc lo�v��avred by this 5ecnriCy
<br /> �.. ' . Intitrument. Borrower shuil pay the premiums required to maintain the mortgage insurance in effect. If. for any reason,the
<br /> �. ; . , .
<br /> murtgage insurancc rnveragn reyuired try Lender tapse�c�r czasev to be in effect.Bnrcocver shall pay the premiums rcquireci ta
<br /> � � ' obt:iin coverage substantially eyuivalent tv the mortg�ge in�urance previousty in effat.at a cn�t substantially eyuivatent to the :
<br /> , • � � r���t tu Bnrrower of the mortgage insuran�r previousty in cffect. from an altem:ate mortga�.r insurer approved by Lendcr. If
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