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<br /> � B�rrow�s �ttcrow �ccount u�d�r th� Nd�r�l RMI Etul� SattMre►�nt Prx�dur�Aot of 1974 ���m�ncNd hom tkrn to tkn�, 12 U.S.C. —
<br /> :�, , 2gp1 «s�q,(•RESPA"), unMs��noth�r Mw thN y�pMn to th�Funde sNs a ir��K amount, If�o, LdndK rrwy, at uiy tkn�,coM�at�nd —
<br /> ; �. hold Fund• In�n unount not to axe»d th� btt�r�mount. L�ndK may�ithh►�ta th��mount o}lundf du� on th�W�M cf cumnt d�U �_
<br /> �nd nuon�bw utim�t�s ol��ndkun� of lutun Fscrow It�nt or oth�rwk� In �ccord�nc�wkn �ppNCabl��w. � _ _
<br /> '� Th• Funda th�N ba h�ld h �n fn�INutbn who�e d�po�N� ua inaund by ■ f�dK�� �p�ncY� „�tru^'N^tANty, or �ntky (holudlnp �
<br /> ' a L�nder, M Lsnd�r b �ucl��n Initftulbn) a fn �ny F�RI Hom� Loan B�nk. Und�r�h�M �PPy th�Fund� to pey lh� E�crow It�ma,
<br /> � LYnd�r m�y not chupo BorrowK for holdnp �nd appyb�p lh� Funds, annwMy �nllly=hy th� acrow �ccounl, or wrMylnp th� Eacrow �
<br /> �-�,� ' � Itwns,unMs�L�nd�r pay�Bortow�r hbn�t on Ih� Fundi �nd applfcabM Mw p�rmks L�ncNr to mak�woh �aharp�. Howw�r,L�nd�r � _
<br /> may requka Borrower to p�y 1 on�•Ikns chup�lor �n fntN(Hncf�nt nal��lat� ux nporlhQ s�rv��u��d by LMfdM In oonn�otbn wRh � �
<br /> this ban, unMss�pplicabM 4w prov�fo: olhwwieo. Unbsa sn aprnamont f�m�de or epplio�bb I�w r�qulr��int�nat to b�pald,L�nde �
<br /> � ehnll not b�nquk�d to p�y 8or►ow�r any fntKat or e�mktp� on th�Fund1. BorrowM I�nd L�nd�r may �prN In wrltfnC� how�wr,th1�t �
<br /> fnteresl ah�ll be psld on the Funda. L�nd�r �hall plvs lo Bortowsr, wkhout chup�, an Rnnual �ccounlhp ol tho Fun�,�`ddRbn�
<br /> .�F cradNt and d�bit�to th�Fundt �nd th�purpo�e lor whfoh Moh dWR ta tN� Funds wa� made. Th�Fund��n pMdpod
<br /> � acurky lor�N sumf t�CUnd by tha S�curlty In�trum�nt.
<br /> It th�Funds heid by Lend�r �xcwd th�amuunte pKmktsd to b� hakJ by �ppNc�bw I�w� L�ndM 6haN�ccount to Bartow�r for th�
<br /> exc�fe Funds in �ccordance wqh th� raqulrwn�nts of eppAc�bb Mw. If th� �mount of th� Funda hNd by L�nd�r �t�ny tim� N not _
<br />'`�;" ' suflbbnt to p�y the Escrow ItMns wh�n du�, LmdK m�y �o notMy BortowK In wrKlnp, �nd, in wch cas� BortowK sh�N psy to L�nd�r
<br /> .^�
<br /> tha �mount nacess�ry to mak�up th� dYficf�r►cy.Bortow�r�hall m�ks up tho d�tbNnCy In no morY thMn tw�lw monthy p�yment�, �t
<br /> '; . Lsnders sob dbcrstbn.
<br /> r. . Upon payment h fuM of �1 sums sxured by thh Securky Inatrumenl,LMd�r sh�N prompty retund to Bortower�ny Funda�hs;+p
<br /> • Lender. If, under puaflnph 21, Lendsr ehaN�cquke or sell the Prop�ty, Und�r, prbr to th�acquf6kbn or tal�ot ths Pro
<br /> apply�ny Funds held by Lender �t th�tlme of scqutsAlon or�aM�s�cndR �y�ln�t th�tums Ncund by thM S�curky In�Wm�nt.
<br /> � � 3. Appllcetion of paymenU. Unleso sppiicabb�w provldes otherwiso, aN payrt►ante receHed by L�nd�r und�r panpraphe __
<br /> - - � 1 and 2 ahaN be applfed: ftnl,to �ny prspaym�nt ch��� due uncl�r lh� Nob; acond,to �mountt p�ya6w undK puraQnph 2; third
<br /> .:,,•: .
<br /> to fntsrsst duo; founh, to principal du�;�nd kst,to any I�b ah�rp�s dua undK th�Not�.
<br /> y-_;., ." 4. Ch11f���; Lieni. Bortower ehaN p�y �N taxa�, �asesamente, chsrpis, fine� and ImponNbns �ttrlbutabN to th� Prop�ty
<br /> whbh may �tt�ln prb�kll owr thb S�curky Inatrummt, �nd I�s�hold payrn�nts or pround nnts, M eny, Borrow�r s1uN pay tMa
<br /> ::.,,•;4.a- obNp�tbn�In th�rr�nnx provlded h paraprnph 2, or M not pakl h that mannsr,Bortowx ahaN p�y th�m on tim�dk�,ty to th�pwton
<br /> Frc:.:.:,.
<br /> owed payment. Bortowa sheN prompty lumfsh to Lendar�N noticea ot amounts to be p�ld under thb pu�p►aph. If Borrovwr rt►�kN
<br /> '="', ' thea�psyment6 directly,Borrowsr eh�N promply fumbh to Lend�r nc�k►ts a{d�ncfnp th�paym�nU.
<br /> ;,..:-,. :'.
<br />�,;,�_.,.. Borrower sh411 promplly dischl�rp��ny Ifen whbh has prbrky owr lhb S�cw�ky InsGVmsnt unMaa Borrower. (�)�pna M wr o
<br /> �7��};�' the peyment of the obligotbn secured by the Iten fn n manner accept�bM to Londsr; (b)contests In pood hith th� Nm by,or d�Nnd�
<br /> 4 agafn6t eMorcement of thp lien in,IeOal proaeedk�Os whfch In the La�dsr'a opinbn op�ratn to prov�nt th� �niorc�n�nt of th�N�n; or(o)
<br /> "�-�����" seCUres trom tha noider oi ihn iia� «�� ay�w^2 sc:!ste�'.o.^,' t^ !!'^'!!" �ubordfnatha th• I!m to thlt S�CUrky Instrufr�snt. �f l.�nd�►
<br /> "'.t._.y {L�?�
<br />�._,,-i^'^y�}T detem:hes thet eny part of lhe Property Is subJe�ct lo e Ilen whfch may attaln priorky ovsr thfs Securky Inauum�nt, LendK rr�y phh
<br /> ;,,..: ..
<br /> ,�:_;s;�,-�,��r 9orrower�notfca (dantMyhy lhe Ipn. Bortowx eh�M satisly tha INn or tak� oM or more of th��ctbns al farth�bow wRhln 10 ya
<br />�L�.:�L'� of the Oklnp o}nutfc�.
<br /> Y.'���'��'�" b. Hezerd ar Property Inwrence. Borcower eh1�M ksp th� improvernent6 now exl6tinp or h�nafbr �CNd on th�
<br />_';`���'i�.
<br />_=°_'���� Property Insured�Qlihst b66 by �r�� huards fncludtd wMhln th� t�rtn "�xtenckd cown0�" end u�Y oth�r haiard�, hCludinQ fbods or
<br />�;'� �
<br /> ;� fbodhp, for whbh LsndK rpulns hsuranc�. Thb insurenC� sh�N t� maht�had h the �mount� and ta th� p�rlodt that Lmder
<br /> r..:,�,-��—
<br />_;;a.;..��-:,•`,� roqulros. The „surance carrbr provkffng tha Insur�nce shaN b�chosen by Borrower sub}ect to Unde�'a�pproval whbh �haN not l»
<br /> ��--5-'�� unreasonahly wkhheld. I} Borrower f�ils to rru�intain cowrape dascribod abow, Londer may, at Lend�6 optbn, obUin cowrap�to
<br /> -�-���.�;••. In accordance wkh poraflnph 7.
<br /> -L-�_� protoct Londt�s rlphts in th�Property
<br /> a�...�._..-..
<br /> -�.��:}�ssa All hsurancs palicies and renewala ahall be acceptabb to Lender and shaii Inc4de�st�nderd mortflap�cMus�. L�nd�r�ha �w
<br /> ��,aa�-,��� the rfpht to hold tha palicfes and renawnls. If Londer roquMes, Borcaw�r shaY prompty piw to Lmd�r aH nc�ipU of paW pnmbrrn
<br />—';;—,�'�"�j�l� and renewal notfces. In the ovent of bs�, 8orrower shall pke prompt notfCe to the in6uranCe c�rtier �nd Lendsr. UndK �y ��
<br /> _ — — proof o} bss N not made prompty by Bortower.
<br /> n�%��'�� ,i Unlasa Lender pnd Dortower otherwfsa�O�p �WrRlnp,fnaur�nc�proceede sh�fl be applWd to restontbn or r�k of th�P�o(�rty
<br /> '--;.4�pfi:.:• d�rtNpsd, M ths netoratbn or rsp�k b �conomtcaly f��bM �nd L�ndK'• s�curky Is not wstM'►�d, If tl»r�srontion or npak k not
<br /> a ;,�;;7„�„ eCOnomfcaMy fMable or Lender's sacurRy would W bssmsd, the insursnce procMds shall be �pplbd to lhe tuma a�cund by thh
<br /> _"�.�:���"-
<br /> •.',�tiMi Securky Instrument, whNher or not th�n duo, wkh nny exCass pald lo Borrower. If Borrowsr abandons th�PrapKty, a' no
<br /> �=�}'-=r� �nswsr wfthin 30 days a not�e hom Lenda that th• Insunnc� carrMr has oflerW to a�ttls � ckYn, th�n Undu rn�Y Coll�ct tM
<br /> ,--��.:+• hsurance proceeds. Lendor may use tho prxe�ds to rapalr or roston the PropKty or to pay sume a�cund by thb S�curky
<br /> "-`"-"g�������r Instrumant,whe►her or not then due.The 30�day pe�bd will beph wh�n th� nol�a k qlwn.
<br /> ��-r3��, ' UnVess Lender end Borrower otherwlse epree h writhy, any rpplfcatbn ol proceeda to pnc�ipol sh�M not extond or postpon� th�
<br />- ¢.±.� �
<br /> , due date of the monthy peyments referred to In peraprephs t and 2 or chanpe the �mount of th� payments. If under parapraph 1
<br /> . � the Property Is acquked by Lender, Borcowers rlpht to any fnsuranca pol�ks�nd procwds resuitfnp kom dam�9� to tF»Prop�rty prior
<br /> ., to the ecquisftbn shall pass to Lender to the exteret ol the sums 6YCUred by thh3 SeCUrRy Instrumant immedkt�ly prbr to th�
<br /> �� acquisitbn.
<br /> • � � 6. Occupen�y, Preservatlon, Maintenence and protection of the Property; Borrower's Lo�n
<br /> � � Appllcatlon; Leeseholda. Borcower shaN occupy, estshitsh, �nd u6e the Propsrty es Bortower's principU rosidenc� wkhln sbcty
<br /> •• t� days atter the executlon ot thfs Securky Instrument�nd shall continua to occupy the Property 1�s Borrowars pnc�ipal naki�nc�for lt
<br /> laest one year ak�r ths �te ol occupancy, unlas Lendsr otharwfsa eflre�s In wrRiny, whtch consent sh�N not ba unreasonaby -
<br /> � wkhheld,or unless eMenuatinp clrcumstnnce�exlst which �re beyond Borrower's control. Borrower shatl not destroy,d�rr�ee or Mp�ir
<br /> the ProForty, elbw tha Property to datxb��ato, or cOmmR waste on tho f'roparty. Bortowar chall ba In daf�ult M any torfakun actbn or
<br /> " i proceodinQ, whether Clvll or crknhal, Is bepun that h Lender's pood fakh�udyment cCUld resuk In toAekure of the Property or othKV+is�
<br /> _ � materlally impak the i�en creatod by this Securky Instromxnt or Lenders secur$y fnterest, Borrower may cure such a defnuk and =
<br /> - _ ______.,�.,. �.. �a��mk��f Wkh a rulina that. h Lenders yood faNh
<br /> I relnstete, as provlded h paregrapn �d, ny causino iF�u av�ti�� a� r�.tiw�-.. .- -- -°°•---- -
<br /> 1 determfnaGOn, precludes lorleiture o1 the Bvrrowers Interest fn the Property or other matxial knpslrment af ihe Iien cnatod by thls
<br /> � Security Instrument or Lender's security interest. Borrower shell also be fn defauR H Bortowtx, durinp the ban eppifCetbn process,
<br /> ! pave meterial�y felse or Ineccurute informatlon or statements to Lender (or feiled to provlde Lender wNh eny matarlal htormatbn) h
<br /> connectbn wRh the loon evidunced hy the Note, Ncludinp, but not I4nked to,reprssentstbns concemfnq Bortower'a occup�ncy of ths
<br /> I Property as e pnc�lpal resklence. If thls Securky Instrument Is on a IeasehoW, Bortower ShaH compy wRh �N lhe provisbns of tha
<br /> , lease. II Bortower acqukes fee titfe to tf�e Prope�ty� the leasehold end the fee tkb shell not merQe unlesn th� Lender �Onss to th�
<br /> merqer In writfng. Form aose oroa
<br /> P�p��ol 6
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