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<br /> °'. -� ''- ` Bartower's�seraw eecnur�t urtd�r tho fed�at F�al Esmtg Setttsm�t Prooedures Ac!at 1974 as amm�ded iram ttrne to tims.12 U.S.C. .' ��;< . •
<br /> . . t .,; '2EOi et seq�t�a'ry.un�ss enom�r�+mat spa�es w Us ra,aas sets fl�sssr emow,t if 5o.l.enae.may.at eny w�o.co1�3 a�s0 ��`
<br /> . hc t d F a n d s i n 8 n�t not tB wmeed the�sser amaunt iend�er may est�nate tt�emaunt o!tunda duo cn the Easts o!cw�en!data
<br /> °� ��4 `�`:'����°� end seasonabis e�rnates ot as�nd�res of�ture Escrow tiems oY otReriwFSe b aceardenco v+gh aapBeabta taw � <,..� �,:`
<br /> � : . 'tt�e Eands st�D Oe held b►an inSt3�t�on whose 6eAOS@s flre Insru�d dy a federal e�cl►. �sfinrt3nfaCtY. cr er�28y t�cNding � �.. . ,:9�.
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<br /> ` Lend�r.8 Lender is such an fnstr'Wtton)or fn eny Feder8l ft9ma LaEn B&nk. !e�►d�sha!!ePPN�Funds to PaY the Eserov�I�c[►s. '��;�,,,4.;�,':
<br /> ..� `.`:;;'� ":. °, tmsder may not che�Barrower far hotd'a��aaP ePDry�p th�Funds.ennua�y►e�a9�n8 the escraw eeaoua�or v�sr8yfig tha Eswow ,::;;-:Y-
<br /> ,.�, Itams.uni6ss Lender pays Borrower fnterest an the Funds end app4cab��w perm8s Lendsr to make sucA a chacge. Hovre�.L�►der ts. ".
<br /> �. for en Indeysndent real e5tate te:ieDortfiB setv�e used Dy LenQar tn conn�tIon w8h ..r , �"�.`.
<br /> • ' may reOuYe Bartower to Rg11 a on�trnB chaB9 •
<br /> . . t�is toaf�.unEess epAlscabBa law Dmvides a9�snvtse. Unless en 8gszm2M Is msd�at eDDitcabFS taw requtias fi0erest to be Petd,tenQa� . ,
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<br /> :.���� shaD not Oe�+hed to paY Baamrrer eny iRte�sst or eamings on the Eunds. Borrower end lend�r rt�Y agree tn rm3fi8.hov�.tlia! - -
<br /> intet9st 6haU be patd on Ne Fund9. Lender ShaO glve to 8orravra. wftlroat Char6e. en ernusl eCCOUnttnA oi th0 Ftutds. 6Anv�g � c�,
<br /> ..- :' .,,'' ` �'.` crBdits and debits to the Funds 8rta the pu�Pose fat wtiiCA eed�d�t io tAe Fut�ds+t8s m8d9. Th9 FimBs are Ots688�$s sQd8ion8� _ ._
<br /> sscur3y for aU sums sea►red by th(s�curgY Instrumer►t ', ., ' "
<br /> � N the Funds hetd by tendar e�eed the amcu�ts P��d to ba held by app�cebla I3w.Le�de►St�aO aceount to Bortowor tar the
<br /> '`,,t ' `` �cess Funds in aceor0anee w8h ttie req�ivafnents of appfuxbf9(aw. lf the amow�t ot ms FunQs heffi DY I.mider et any thne b aat ". c=�+,..:`.
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<br /> ., . � . su�ictent to psy the Es�xow(tems wtien du0.Len6ar may so not8y Borrower tn wr@�g.and.tn such case Bottowes shaU pay t�Lsnder •
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<br /> ' the amaunt necess�f►to make up tha�nafl-Banowar sttaU mata�aP the deti�aisncfl tn no more than tweNe monthN Og��� ;_- _
<br /> -. . t,snCefs sote dtsc�tton. `•�`.�: `_
<br /> `-� Upon payment in tu0 ot aD sums sscured by thts&�uref►tnstru�+�Les�der shad PromAUY refund to Borraw�Ml►FY�nds hetd by ��� .:
<br /> � � '� lendar. N.under P�S�PA 21.LenQor shall ec4L�e or sa0 tn0 PtoAeRf►.Lender.Ptfor to Ne ac4i+��on or sa18 of the Propsrt7f.sheil s :.j ,,
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<br /> ` �'°,.,`'� eDPN enY Wnds Ae�d Dy I.end9r at the ttrna of eeQuisktton or sab as 8 crad7t egah►st the sums secured 6y thTS Ssc�rhfr►nstr�ner�t. :; .
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<br /> ,, 4 3.Appiicatton ot Psynaents. Unt�s eADECabta tav�providas otherv+tse.aU DaY�ts teceTveO bY Lender undet paregraphs -
<br /> 1 ` � �` 1 end 2 shaD tre apAf�d: fosl.to anY Pr'eDaY�t charge�due under tha Note:second.w emounLS payabl�under Pa►aBraPh��� �,:i"�f
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<br /> •' € 'y `.` W bttere5t due:fouN1.to D��PSI du�ertd�st.to etry 18t9 ChBtges dus utider th9 Note. x i
<br /> � ,..:i 4.ChBf$ES:U�11S. Borrower snaU pay eB taxes. assessments. oharSes. Hnes and tmpos&fons aGrbuffibta to the Properry
<br /> �..�:_rc�. which maY at�PrlordY auat ffi�-S�u�Y ��en d I e a s e ho l 0 V e Y�t s a r 9 ro und tenTS, U an y. @ortov�m shaD DaY these �, i�_ "'`
<br /> .` obi[qatlons fi ths mannsr Provldea in paiagraph 2.or H not 0�in that menns►.Borrower shaft pay them on time dUeCtN to the Oerson , °�,..: �,-
<br /> .,': :•'�:_;. • � ,�� fumisb to Lendar aU notices of amounffi w be Oaid undsr this para9raPh. it Botiower makas , �-. �•, .:`_
<br /> . .;:f owed DaYmar►L Hottowet ShaD P�PNY . _ •
<br /> . .,�� tfiese paymanis dBectt�►.Borrowsr shall pmmpty tum�b to Lender rece(pta evtdenctng the PaYme�. ..,tt,T ,_—
<br /> �' Bonower shaD pmmptry discherge any Qen which has pdoBy over thLs SecuYdY frtsbume�t wtess Borrotivsr.(a)agrees in wtiting to ,. _-
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<br />_. ;;.,.,. ... �< �rye payr�t ct the obtigation secused dy MA Gen 8 t'a rt�annet e x e P m b b t o L e n d e r:N)c o n t e s t s t n g o o d f a 8 h the l'ian b Y,or dsfends
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<br /> " ` egatnst er+taceement flt Ne Oen In.legal Proceedings wt�ich in the lsndds oDinton operate to prevent th0 enio�ement.of the Qerr,or(o) ..01
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<br /> .�'' :i secures irom t�e hotder of the Qen as�agreement sattslacWrY to Lender subordirtating the 1►an to this Seeur3+Y InSWmenL i!Len6sr . ,"�� :..
<br /> " `� determines that enY PaR of the ProPeRY � subS¢ct to a 8an whiCh may etffiU�GrfOrftfl oi!er thfs SB�+tY tnSWmem,t.endet may give r,• �-
<br /> ,:"`": � � Barrovrar a nattae tdentHytng the Ites�. Borrower shaA satisty the Iten or fake one or more ot tAe acttons set toM ebwe v+iU►fl 10 days _ ° -
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<br /> � � ' � 5.Hardrd or�roperty Insurance. Borrower shait keep the improvaments now mdsstUtg or hereaRer erected on the _<<�:�'�'��+
<br /> . �D�Y�suted egainst Wss by tire..Aazards Inah�ded within tt�e tertn°eutendsd coverage'end eny other�srarQa.inc�g tlaods Ot Y;�.;:
<br /> ` • . �'i 800dr3.tor whfah Lendar requtres insurance. Thts tnsurance ShaU ba malntained tn the amounts end tor ffie P����t�� J. ��`, ...:�
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<br />. :4 � . ;� requtres. The insurence cartt�r pravldfng tAe insurence sha0 0a chosen by Botrower sub1E����B appro�t wh�c�s�not 6a .
<br /> unreasonabry wRfihetd. (t Botrm�ver taps to malntatn covorags descr�ed.ebave.Lender maY.et Lenders optton.aDtafi cwera8e to �f '�f��
<br /> :>.�i Proiect Lende/s�ts In NB Property cf aecordance w�h peragrap h 7. ='.`�r' "
<br /> `��� Aa tnsurance OoRctes end cenewats snaU be accePtabte to LonQer and ei�eD Inchide a stanQard mortgags ctause. tender sna0 have •:.",���
<br /> . . , :::t;.• Ive to Lender a0 recefpta ot patd premt�ms __.: `�,.`
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<br /> ,. ,�.` • ttie ri�ht to hota th0 poGc�s and renev+a►s. �t Lender requ6res. Borrower sheU promDtA►A _
<br /> F� end renswal notieas. tn the eveat at toss.Barrower shaU gtve prompt nottce to the fnsurance caRter and LenQef.Lsad�may maice � �
<br /> • proof of toss�.not made prompt�Y Oy 8orrower. • � ��-
<br /> Untess Lender and Borrower otherwise agras in writing,Insurance proceeds shall be ayDited to restoraUcn or repaU of tha P�opeRy . '�, .,
<br />° ' ' damaged,B the restoratlon or�epaU is econom�C a V y t e a s i b l 8 e n d L e n d o f s s e c u f 4 y I s n o i t e s s e n e a. 8 the restoratton or repeU Is not �_;��'�.,-,1__:
<br /> , . ��� • ecenomicatry feas��ar Lendets secufty woutd he tessened, the (nsuranee procesds SheO bs eppUed to the snms secured by thls � -�
<br /> � �'' �+:.
<br /> � � �! See�-s�y Mstrumenb whether or.not then QuA, with enY ezcesa Paid to Borrov�eu It 8orrower abanQons the Property. or Qoes not ._..3v ,
<br /> � answer w�hm 30 Qays a noUce irom Lertder that the (nsurance cart�er has ottereQ to settte e ctatm. 4nen lender may coQact tha r',,,;_, .
<br /> ==� • ' tnsurance proceeds. Lender may use the procesds to repair or �estore the Properry or to pay sums seeured Dy !hb 3ecurtty . � . . ;-
<br /> '�" , tnstrument,whether or not then dua.The 3QdaY 6aiod wID begin when the notice is 81uen• . " .. .
<br /> �. Unless I.ender and 8ortower otherwise e�ea fi wrdin9�anY ePF�tion o}proceeds to pAnCipal shaD r.�axtend or postpone tha
<br /> , Gue d8te o�the monthly payments�eferted to tn paragrapha 1 end 2 or ahange rthe emcunt c�th0 O�ents. H unde►paragravb 21 : • �
<br />.- . ` � the Property is acqutred by Lende�.Barrowets right to any(nsurence pofictes and proceeds res.:'8fng irom dam�qo to the Prop�frry P�be --- - • •-
<br /> � , to the eequlsitton shaU pess to Lender to the extent ot the sums secure0 by this Securly fnstrument hrtmediatety 0 , - •.
<br /> '.! acquisfGon. . .
<br /> � �. � . 6. Oseupancy, Preservetton, Maintenance ana Protsction of ths Property; Borrower's Laan
<br /> � Ap�[€CBuOtf; Leaseholda 3orrower shail occupy.estaLtlsh,ana use the Property as Borrowefs principal restdence wMfi SbGy __
<br /> -� � days after the execuUon ot this Sec��dry Instrument and shau conUnue to accupy the Property as Boaowets princtpal resldence for at .
<br /> " . � (east one year after the dete ot aoeupancy, untess Lender otherwise agrees 8n wrNn9, which consent shatl not b�9B o°�p tr �
<br /> wfthhetd.or uniess e�denuating c�cumstances acst w�ich ere beyortd Bortowefs controL Borrower s�aH not dsstroy. . ,
<br /> • the Property.ellow the Pronerty to Qet�BoratO,ct eommR waste on th0 PropeRy. Borrawer shall Ao in deY�i d 8ny foAeftuce aetlfln or • . .
<br /> ' . � � proceeding,whetAer cNit ar crkninal,Is begun that in Lende�good�ludgment coutd resuit In forfe"dure of tho Property or otherwisa ` „-
<br /> � ' rr�aterlaUy tmpab th0 Gen created by thts Security Instrument or Lendets sscuriry lntecest 9ortower may cure such e defauR and
<br />- � � reinstate,as provided tn paragreAh 18, by causing the acUon or proeeeding to b9 dtsmissed with a rulU�B that. in LenQera good t a ft h : •
<br /> � � � QeterminaUon. prectudes forieituro of t�e Bonowers tnt8rest in the Propertyr or other material impabment of the iten created by this . .
<br />-- • 5ecuriry tnstrument or Lendsta security �tares� Bortowar shall also be tn Qetautt H Bortower. dufln9 the�oan ePPficeBon Oroceas, .
<br /> � . . gave materiaRy fatse or ina�curate intormation or sSatementa to Lender (or failad to provida LenQet with any matertal h►fortn8tion) in . .
<br /> � ' connecUon with the toan ev(dence0 by the Nota.IneWdtng,but not limitsd to,�epresentetions canceming Borrowors oecupancy G1 the
<br />=� � ProDenY�e P�cipal restdence. II this SecurAy Instrument is on e leasehold. Boaower shatl compy wrth a11 the pravlsions ot the ; .
<br /> " � � � � tease. It 8ortawer acqutres fee tips to the Propertyr,tAe leasehotd and ehe fee titte shall not merge untess the Lender egreas to tho
<br />- • % • merger in wrRu:g. Form 3028 sl80
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