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<br />��,�,,�{ Thc Fwicls shall he hcld in un in,titution wha�c Jr.p���itti arc insured by a fcdcral a�:rnry, imTru,lcntalit�•, ur cntiry —
<br />.,;:-:,�,•�;,.r lincludi�ig l.cn�icr,if l.cndcr is surh uu in,titutinn)ur in any Fedrrul Homc Luan Bimk. l.cndcr�hull apply thc Funds to p:ry tl�e ��-
<br /> Eticrow Jtcros. Lcndcr may nut ch:►rgr 8orrc�wcr fun c��lding.md applying thc Fund..;uinuully analyrin�thc r�craw urruunt.��r
<br /> .c_.
<br />_ , . ,;�.. � vcrifying thc Esrruw Items. unlc�ti Lcndcr pay,Hurrowcr intcrc,t on thc Funds anJ applirablc luw permits L.cndcr tu tn,ikc�uch _-
<br /> - :� a rhurgc. Howcvcr. Lcndcr may rcquirc Burruwcr tu pay a nnc-limr rhiugc firr an indcpcndcnt rcal csaitc tax rcpunin�: ticrvicc —`�
<br />'�:;,. , _� u,cJ hy LcnJcr in conncrtiun witli lhi, lu.ui. unlc�y �ipplirahlr I.ta pr��vidc, �nhrrwiu. Unlcsti un a�rccmeiri i� �nadc ur
<br /> applicahle law rcyuirc.interest to hc paid. L.cnJer tihall not hc rcyuirrd tu nuy Burruwrr uny intcrest i�r curnin}!+�m thc Fundti. .�,
<br /> Horrwscr urkl I_cndrr may �grcr in writing, huwcvcr. that intcrctit,hall bc puid�m thr Fund,. L.cndcr�hull givc tu Burruwcr. �,,..
<br /> , .. .` withuut churgr. un aunu:d arcountin�; uf thc FunJ+. ,howing rrulit+:!nd dcbit+ tu thr Fund�iind thr purp��+�� for which rarh �_:
<br /> � drbit a� the Fund+w;�s maJc.The Fund,ure pledged as adJitiunal,ecuriry f��r all tiums,ecured hy thiti S�curity In�trumcnt. �;;"
<br /> ,��.y� If thc Funds hcld hy I.endcr excced thc umounts permittcJ to bc hcld hy applicablr law. LenJcr shull acc��unt tu H�irnnvcr
<br /> ,,b_ fur thc cxccss FunJ. in urrurduncc with tht rcyuiremenu uf upplirahlr I„w. lf thc umuunc��f thc Funds hrld hy I.�ndcr at any
<br /> � Unu is not tiuftictcnt to pay thc 6�cruw Itrm�wl�cn due.LenJer muy ,u nutit'y I3urruwu in��ritin�;.an�.in such ra.re Hcirrmsrr �`°_
<br />;.�� ,hall puy to L�:ndcr the unwunt nrccstiury tc� muke up the detiricncy. Burrowcr shall makc up thc dctirienry in na mure than
<br />_,.., twclvc monthly p��ymcnts,at I..cndcr'�snlc discrcti�m.
<br /> e Upon payr�ient in full of ull sum� sccured by this 5ccurity lntitrument. L,ender .hull prumptly rrtund tu Bur�owcr any
<br /> �, Funds hcld by L.cnder. If,undcr purugrnph 21, C.cnder ,haU acquire or sell the Propcny. l.enJcr,priur to thc uryuitiitiun ur+ale
<br /> . uf thc Propeny. �hull apply any Fund,held hy I.�nder at the�ime of acquitiition ur s�de u.a rrrJit �iguin+t thr tiumti sccurrd hy
<br />- „ � this Securny Instrumcnt.
<br /> • 3. Applieation of Poyments.Unless applicable luw pruviar,utherwise, ull payments receivccl by Isnder unJer parugraph, _...
<br />;�;' ' �. I and 3 �hall bc applicd: tirst. tu any prepayment cluir�cs duc under thc Nc�te; xecond, to amuunts payable undcr para�!raph 2;
<br /> . �.� ihirJ,tn intrre�t Jue: fnurth.[u principul du�:unJ la+t. to,iny late charges due under the Nute.
<br /> 4. Chur��w; Lirns. Burrowcr tihall pay aU tnxcs, asscssmen[s, charges, (inc�au�l impc�sitions attributahle tu thc Property
<br /> - which may attain prinrity ovcr this Secunty lnstrumcnt, anJ IcaschoW paymrnts nr gmund rent�. if any. Burruwcr tihull pay
<br />_�� ' thru uhligations in thc munncr pruvideJ in para�ruph 2.c�r if nut puiJ in thut manncr. Burmwcr zhall pay thcm nn timc dimcdy
<br />, to the person uwed puyment. Burrci�ver shall promptly (urni.h tu Lcnder aU nutices of amounts to be paid tmdcr thiti parngraph.
<br /> . If Bnrruwer mukec thesc p;�ymrnt,directly. Bc�rrower tihall promptly fumish tc�L.enJer receipts evidenring the paymentti.
<br /> • • Bormwer tihall prumptly ditirhargc any licn whirh has priortty ovcr this Srcuriry imtrumcn�unlrti�Burru��er: (a)agre��,m � -
<br /> , writing tu the puyment uf thc obligati�3n ticcured hy the lien in a manner accep[ublc to L.:nJer:lbl rontc.ty in�uud f'aith the li�n
<br /> by, or defends against cnforcement of the lien in. Icgal procecJings which ui thc [.ender's c�piniun operatc tu prevcnt thc
<br /> i . cnf��rcement uf thc lien: or(c) sccure�frum ihe holder uf thc licn an iigreemcnt�uti.f'artory tu Lehder �uburdinating thr licn to
<br /> - �� . this Security Instrument. If Lender determines �hat uny part uf the Propeny i<suhject tu a lien �►�hich ntay attuin pnority o�•er
<br />- thiti Sccurity In�trumcnt. I.cndcr m.ry givc Borrowcr a nntic�idrntifying thr iicn. 8��rruwcr shull tiatis[y thc licn i�r takc unc or
<br />- morc��f thc artions,et forth ahu��within 10 day,nf thr Eiving uf noticc.
<br /> 5. Hur.urd or Pruperty� Insurnnce. Bormwer tihall keep thc improvementti now existing ar hereuRer erccted on the
<br /> " Prciperty in�ured again�t lutis hy firc, hat.��rds inrludrd within th�� tcrm "cxtended rovcrcigc" and any othcr hu•rardti, inrluding
<br /> ° tloods ctt tluoJing, fi�r which L.endcr requireti In�uran�c.Thiti iusur:tnce shull bC tttaint.tined in thc amuunts und fur thc periud�
<br />= th�U Isndcr rcyuircti. Thc intiurancc rarricr pruviding thc insurancc shall bc cha�en hy $orrowcr wbjcct to Lcndcr'ti approval
<br /> �vhich shall nc�t bc unreasunuhly withh�ld. If Bc�rzuwcr lails tu muintain a�veragc Jcsrrihed ahc�vc,�Lcndcr mav, at l.cnder's
<br />_ uption, �+btain covcrage to prutert l.cnder'�right�in the Prope�ly in acrnrdunr�with puragraph 7.
<br />'r All in+urancc policicti and rrnrwuls ,hall hc ucceptuble t�i Lcndcr and �lialt mrtucic u stanuaru mor►gagc ciau,c. L�:nuc�
<br />'" shall have the right tu hold thc pnliries anJ rrnewnls. If L�nder requirer, Burrower�hull promptly givc to Lender all receipts c�f
<br />�� � • � puid pren�iumti und renewal notic�,. In thc cvent of lus.,Bc�rzu�vrr.hall give pr�unpt nutice to the insur.mre currier und I.ender.
<br /> ,.. .
<br />� l,rndcr m.iy mul�c pr�wf o(luss if nnt mudc promptly by B��rrnwrr.
<br /> Unlcti�Lendcr an�l B�,rr<�wrr othrrwi�c agrec in wnting. in.urcinrc procccJs tihall hr applicd tu restoration ur rcpuir��f thc
<br /> '' Pruperry damugcd,if thc retituratiun ur r�pair is ccuni�mirally fratiihlr and[.�ndcr'��cruriry iti nut Icssene�l.If thc restoration or
<br />= •� .-��-;. rcpuir is nut cconomically tcatiihlc��r J.�:nJrr'��ecurity w��uld he IcsscncJ, thc insurancc prurccJti ,hull be applied to thc sums
<br /> - .. . �!� secw�eJ by this Security Instrmncnt, whrther ur nut thcn duc, with any exr�+� paiJ tu Borrowcr. If Burrower iibandonti the
<br />'; . ., Prupeity. cx de�es not answcr within 30 Juyti u nuti��c tium fAndcr lhat the insurunre currier has ufFered tn setde a cluim. then
<br /> . , . . L.cnder may rc�llect the inwrance proceeJti. Lender rnay uu the prucreds tu rcpair ur restorc thc Pruperry or to pay wms
<br /> - sec:ureJ hy this Securiry Instrument.whether ur nut thrn Ju�.Thc 30-day peri�xl will be�!in�vhen thc ncnicc i�grven.
<br /> • . . �. Unles� I.ender an�l ki��rruw�r othrrwi,r agrce in writing. any application uf procee�, to principal shull not rstenJ or
<br />—"•s postponc the duc Jatc of thc munthly pa��m�nt, rcl'crrcd to in parugraph� 1 and 2 or chxagc thc amount of thc p.rymcnts. If
<br /> :'�:.:t�'•: ' '�` � undcr paragr,iph?I thc Pruperty i>acquimJ by l.cndcr.Borrowcr'ti right tc� any insurance jx,licirti and procecds rc�ulting from
<br /> • �, - damagc to thc Pru�xrty priur to thc acyui�itinn�hall p.iti+tc�Lcndcr to th�cxtcnt ul'th�.umti sccured by thi,Sccurity histrumcnt
<br />, � immcdiatcly priur tu thc acyui�ition.
<br /> . 6. (kcupancy, Prescrvution. 111uintcnunce und Frot��ction of thc Property�; Borr��wcr's l.nan Application; i.uischolds.
<br /> �`." Borruwcr shalt �xrupy. rtitahli,h.anJ usc thc Prnpcny a,Borrciw�r'ti principal nrsidcnrc within�ixry day�aRcr thc cxccution of
<br /> �. . , �� thi,Scrurity Ins�rmiicnt and,hull continu�to �xrupy thc Pruperty as Bcirrou-cr'ti principal rc�idencc for ut Icatil c�nc ycar aftcr
<br /> � , thc Jatc ui����upanry. unlc,• I_.ndcr utherwitir agrrc,in writing. whinc�onsrnt �hall IIUI hl'Ulll'Ci11UIl:lI1I�'WIIIlI1lId. ur unlrs�
<br /> - . ' �, � rxtenuating rireum,tunccti �xi�t whinc �irc bcyund Burruwrr's contral. Burruwcr �hull not dcstroy. damagc �r imp.iir thc
<br /> Property. allow thc Pruperty a� drtcriuratr. ur rumntit wa�tc <m dic Pr��perty. Borrowcr shall bc in dcf'ault if any furfciturr
<br /> . - .. � actiun �,r pnkrcJing. whcthrr rivil ur�•riminal. i+hrgun that in I.cnJcr'.gc�cxl faith judgmcnt rc�uld R+ult in lin•fciwre uf thr
<br /> � 3` Pro�xrty ur i,tlicrwi�c nr.itcrially inipair thr lirn rr�atrd hy thi� Scrurity Instrumcnt or I.rndcr',scrurity intcrest. Burruwcr m:�y
<br /> ; rurc wrh a dct'uuh und reinstatr,a�pr��vidcJ in pciragraph 18. hy�:iu�ing thc aruun rn•prncecJing tu hc dirmi>�cd ���ith a rulin� --
<br /> that, in l.endcr'� gi�uJ taith d�tcrmination, precluJ�� furf�iturr ut' thc Borrowrr'ti intrn,t in thr Pruperry ur inhcr mutcriul
<br /> • inipairiti�nt nt� thr li�n rrratr�l by thi. Sr�urity Imtrumcnt �,r 1.rnJ�r'� +c�uriry intrrr�t. Bc�rruwrr shall alu� bc in default it�
<br /> . f3�m•u��cr. Jurin�thc I��an.�ni�i��•.����,�,rr�,���•,,,ga��malcri:dl� f.d�r ur inacrur.nr infornuitiun ur titatrmcnts tu Lrndcr(or failr�l —
<br /> �„ �,..,..;,i., i,,.,,��•r���iih :im• m,rt�•ri:d inG,nn:di�,iu in c�mnrrtinn «ith th�luan r�•iJrnrr�l I��•thr Nc,tr. inrluJing. hut nut limit�ci �°
<br /> tu. rcprtuivari��u�runrcrning Buno�«r'•nrr:�p:mr�• ��I thr Pruprrry ati:�r����,���ral rc�d�fcnrr. It th�.Sccurity In.trumrnt iti un a °
<br /> Ica+ch��ld. N��rru��rr +hall �untply �vilh :tll lhc pr���i�iuttti ul� (hc lratir. It Barr����rr :i«�uircti fri htic lo th� }'i'uperty. Ut�
<br /> Ir.uch��ld a��l thc Icr titic.hall ncit mcr�r unlr��Lrndrr agrec�tu thr mrrgrr in writing.
<br /> 7.I'rntection of I.ender's Ri�;hts in the Propert�.lt Hnrrrnvrr t:iils l��perfiinn thr cuvrnantti anJ agrccnunt�cuntaincd in .
<br /> thi�tirrurit} In�lrununt. ur thcrc i> a I��:al prurreJing�ha� may .i�nilir:uitly aff�ct Lend�r'� ri�.htx in lh�1'rnperty (+urh as � �
<br /> pr��rcc�ling in hankniptr��. pruhatc. li�r rundrmuatiun nr f��rfciturc ur tu cnfunc I�nv, ��r rcgulati�,n�l. �licn Lrudcr may Ju;uid
<br /> p:i�• lur whatc�'cr i� nrrrs�ar�• l�� pr�urrt thr �:duc ��I'Ihr 1'roprrtp xnd l.rn�lcr'� right� in Ihr Pn,p�rtp. Lrndcr'ti acti�mti may
<br /> inrludc ��a�in�: any 1UIIIS ,rrincd h�• a lirn �shirli ha. pnurn�• ���•�r thi:, Scrurit�• lntitrununt. appcaring in rourt. paying
<br /> rra�unahlr altc�rnry,' frrti anJ rntrring�m thr k'rupert} tn makr r�pair,. Alth�,ugh Lrndrr ma�• �a6r aru�,n undrr thi. r:u•agraph
<br /> 7. LritJ�r do��I�ul I��i�•i l���lu��i.
<br /> Am an��mm� di.hur.��d h� l.rndrr undcr th�� naraLr.tph 7 �htlll hC�uitu .iddlliu�l:d dChl ul Rurtu��'ir �C�•�u'�d h)' lhlti
<br /> - - - tirrurit� ln,trumrnt. Unlr.. li�,rruurr and LrnJcr arrcc t�,uth�rr trrm, „(ra�mrn�. thr,r amnunt. •hull h.ar intrrc�t 17am thc
<br /> �latc��f di.httr.cmm�l at ihc Nutc r:ur un�l .hall hr �a}ahlc. ��ith inlr�r.t. up�m nutirr Irum LrnJri i�, 13�,rm�<<r rryuc>ting
<br /> r:��mrn;.
<br /> R. 11urt};a{;c In+itr:�nce. ll Lrn�lrr rcyufrrJ mnrtga��in.ur.�nrr,i.;i rnniliti�,n ul m�i6in� inr I�r,u�,riuird hy thi,tir�vrit�
<br /> ln.uumrnl. fiui�m�ri ,h,ill ��a� ilir pn�miutn. reyuirrd t�, roainlam Ihr nu�rl�:a�r in,ui.utrr in r17rri. It�. li,r any rr:unn, ihr
<br /> iiunt�agr mwr.mir im�r:tZ�r rri�unrd h� I..ndrr I:qxr��,r rra,r, ln hr in rllrcl, liurrrn�rr .h:dl ��a)• thr pi�•tniuin, rcyun�d tu
<br /> nhl,U�l it,�cl:l�.:t•,Uh.l:�IlU:�ll)� CyUi�.11Citl In tlli• innl�l�';��!i• in,ui�:���CC ��ii•�I„li�l\ IIl Cllt•CL :�� .i iit.l .Uh�t.�iltl;ill� Ct�U��:11CI11 tu tltC
<br /> � :��.i i�, I�uin,��ci ul tlir iuurt}�:i��• iu�ur;�nr� ���r�wu.l� in rllr.l. li�,in an :ihrrnalr inuitlt:igr imurri :����,imrd h) I.rndri. fl'
<br /> � , , , .,� �orm 3028 9�90
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