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<br /> . �$- 112:iA0
<br /> Borrow�r'� �aow �cuwnt undM ths t�d�nl Hwl F.�tat�9Ntlemml Proc�duns Act ol 187��s �msnded hom tkn� to tlm�, 12 U.S.C.
<br /> 2601 �t t�q. ('REBPA'), unl„s anothK I�w th�t�ppli�� to lh�Fund� �Ms�In��r�mount. II ao,Landx rrwy, �t any tkne, coN�ct�nd --
<br /> hold Funds In�n�mount not to ac�sd tho I����r�mount. I.�ndsr may�etNn�t�lhe�moum oi lunda du� on th�br�tl� ol current data `
<br /> snd rw�on�bN�etkn�he ot exp�ndtturee o1 lutun E�c�ow Itema or oth«wlee In�ccordance wfth�ppNc�ble law. =
<br /> The Funds ehep b� hNd in�n Inelkutlon whoe• d�posfte �re Ineursd by � lederal �psncy, Instrummt�lfty, or entRy (Includinp =
<br /> Land�r, H Laid�r le euch �n InatNutlon) or In �ny Fedenl Home Lwn B�nk. Lendx ehall opply the Funda to pay lhe Eccrow Iteme. _,
<br /> L�ndK rn�y not chupo Borrower lor holdMq�nd �ppyfnp tha Funds,�nnwky �n�y�np the esaow �ccount, or verltylnp ih�Escrow
<br /> It�me, unleae Lend�r pays QorrowK interest on the Funda�nd spplic�bb I�w permKe Lenda to m�ke euch� chup�. However, Lendx �-`:
<br /> may r�quke Borrow�r tu pry� onFtkn� ch�rp�lor�n Indspend�nt rsd est�U tax reportinp eervice uand by Lendx In conn�ctlon w4h `—
<br /> thl�ban, unNss�ppNc�bl�I�w provides otherwlee, Unlees�n aprenment Is made or epp{lable 4w requkea Intxest to bo pald, Lender —
<br /> sh�M not be ret�uked ta p�y Bortowsr�ny Intaeal or e�minge on the Funda. Horrower snd Lender may�gree In wrNfny, howw�r,that
<br /> Intw�st eh�q be pald on ths Funds. Lender ahaB qhre to Borrower, wkhout cherpe, an �nnu�l ■ccountlnp ot the Funds, ehowinp
<br /> asdits �nd debSte to the Fundrs �nd the purpoes lor which e�ch d�bft to the Funda w�s rn�de. Ths Funde �n pl�dyed�s �ddfllon�l
<br /> searity tor�M sume nsaired by lhia 3ecurily Inetrument.
<br /> If the Funda held by Lender exceed tha.�mounto penr�itted to be held by�ppMcabb I�w, Londer eh�U account to Borrow�r lor lhs
<br /> excesn Funde fn accordance wrih the requkements ot appNcable kw. I} the �mount of the Funde held by L�nd�r �t �ny ikn� is not
<br /> auMdent to py ihe Esaow Itsrn�whm due, Lendx m+iy ao notify Borrower In wrNinq,�nd,In such cu�Borrower sh�N pay to L�nd�r
<br /> tha�mount n�ceasuy to m�ks up the de4lcbnq. Borrower nhaM m�ke up the delldency fn no moro th�n tweN�monthy p�ymK►ts, �t
<br /> Lender'e sole cNscreGon.
<br /> Upon payment In tull oi all sums eecured by thln Sxurity Insirument, l.ender shall promptty relund to Bo�rower any Funds hdd by
<br /> Lender. I}, under paragreph 21,Latdar shaN ecquke or aeN the Property, Lender, prior to the acqulaltl�sn or s�le of the Property, ahall
<br /> apply�ny Funda held by Lender�t the time of acqulsklon or sele es a aredfl sg�inst the sums aecured hy this Securfly Instrume�t.
<br /> 3. Applicatlon of P�ym�nt�. Unlesa �ppNc,�ble law provides othcKwiae, �II p�ymente recefved by Lender und�r p�nqnphs
<br /> 1 and 2 ah�N be appAed: 1kst, to any prepayment chargee due under the Note; second, to�mounts pay�ble untiar p�nqraph 2; thkd
<br /> to Intweet due; fourth,to principU due;and kat,to�ny lele r,harpes due unda lhe Note.
<br /> 4. Charp�e; L.1�11l. Barower sh�q pay �N taxes, naaeasments, chargee, flnea �nd knpoalUona attrfbut�ble to ths Property
<br /> whfch may �tWn prlority over thl� Securfty Inatrument, �nd lersahdd paymants or pround rents, M any. Borrower ahaN pay these
<br /> obNyatbns In the mannx provided in p�tx9nph 2, or H not pald In that m�nner,BoROwe►ehaN pay them on time dkectly to the penon
<br /> ow�d paymant. Borrower ehsif prompHy fumiah to Lender sll noUcea o}emounte to be pnW under thla par�ynph. I} Borrow�r rtwk�s
<br /> th�ae payments dksctly, Borrower nhaN pTOmptly tumleh to Lendx receipts evidencing the ptymenta.
<br /> Borrowar sh�M promptty diacharye any Nat whlch h�e priority over ihia Sewrity Inatrument unlesa Borrower. (�) �flreee In wrMinfl to
<br /> the payment of lhe obAgaUon secured hy the Rm In a rrwnner�ccepuble to Lender; (b) conteata In pood I�kh the Nen by, a ddmda
<br /> ■pahst eniorcernent oT ihe lien N,leyd proeasdinps wh�h in the Lender'a opinion opente to prevant tna enforcan�i oi ihe ii.n; �i(�j
<br /> a�cures irom the hoWer of the Yen �n a9reement uUsf�ctory to Lender subordin�tMg the Nen to thla Securtty Instrument. If Lendx
<br /> dNKmines th�t �ny part ot thA Property le subJect to a Nen which m�y �ttaln prlorily over thia Securfty Inatrument, Lender rrMY pive
<br /> Borrowx a noUce Identilykip the Yen. Bortower aheA satlaly the Ilen a t�ke one or more ol the�ctlona eet forth �bove wlthin 10 d�ys
<br /> of ihe qlvinp of nodce.
<br /> 5. Hwird or Prop�rty Insur�nc�. Borrowa ahaA keep the Improvemente now existing or hxsafter ascted on the
<br /> Propaiy Inaured sy�kiat loaa !�y tf�e,h�zarda included withln the tertn 'extended coverage'and�ny othx hezuds, {ndudlnp flood� or
<br /> Aoodiny, fa whlch Lender rec�ulras fnauranoe. Thla Ineur�nce sh�A be rru�inU�ined in the amounts �nd lor ths pxlods th�t Lender
<br /> requkee, The insunnce artier provlding the Insunnce shall be chosen by Bortower subJect to Lender'e �pproval whkh eh�N not ba
<br /> uruMeonaby wtthheld. fl Borrowx talls to mslntNn covenge desaibed ebove, Lender may,�t Lender'e opdon, obtaki covsnqe to
<br /> protect L�ndx'e rlqhte In lhe Property in aceord�nca wflh panynph 7.
<br /> AN Inaunnce poNdes�nd �ewds sh�ll be�r.capt�bls to Lender and ehaM Indude� eUndud morty�y� cyus�, Lender ehar hav�
<br /> the riqht to hold the �►oMdea and renewda. If lender roqulrea, Bortower ehaR promptly qNe to Lender�M rocefpts of pald prsmlum•
<br /> •nd renewd noticee. In the event ot bsn, Borrowx sh�N gNe prompt notk:e to the Inaunnce cartler and LendK. Lendx rrNy tn�k�
<br /> proof ol bsa H not m�da promply by Bortower.
<br /> Unlees Lender and Bortowx otherwise�pree M writinp, Insunnce procesde ahaq be applied to reetontion or rep�lr ot the Property
<br /> d�Qed, N the roatoration or ropak Is economiuNy feesible end Lender'e security ia not bssened. II the reatontlon or repak la not
<br /> econortAcaNy teaafble a Lender's security would be leaeened, the Insurance proceeda sh�H 6e appNed to the sums eecursd by thia
<br /> SscurHy Inatrumant, whelher or not then due, wRh any exceee pald to BoROwa. If BorrowK �ba�dona the Property, or doh nei
<br /> �nswer wlthin 30 days ■ notla irom Lender that the Insunnce artix has otterad to aettle e clakn, then Lmder may coNect the
<br /> - Inwroncu proceede. Lmder m�y use the proceeda to reFv!r or restwe the Property or to pay sums aecured by thla Sec:urity
<br /> InaVwnent,whether or not lhen due.The 30•day palod witl begln when the notice la given.
<br /> Unlesa lender snd Borrower othervvise apree In wrking, any appRcetlon ot proceecla to prindpal nheN not extend or poatpone the
<br /> due d�te o1 the monthly pnyrnents referred to In peregrapha 1 �nd 2 or ch�npo the�mount oi the payments. If undx puoynph 21
<br /> the PropeAy Is acquked by Le.nder, Borrowei s right to eny insunnce poNcles end proceeda reaultk�g hom damt0e to the Propaty prior
<br /> to th� �cquisitlon shaW p�sa to Lender to the ext�nt ot the aums secured by this Securfty InnGUment fmmedi�tdy prlor to th�
<br /> �cquhkion.
<br /> 6. Occupancy� Prasrvrtlon, Malntsn�nce �nd Prot�ction oi th� Prop�rty; Bonrow�r's Loan
<br /> - A�7pIICitIOtt; Leas�hoida. Borrower shall occupy, �stnbNsh, end use the Prope�ty e� tlorrower's princl�d reeldence wRhin elxty
<br /> d�ys etter the execution o1 this Securily Instrument end shell continue to occupy the Property es BortowFr's principel residenco for at
<br /> le�st one year efter the date of occupancy, unless Lenda othetwise agrees In wrtting, whkh cons�ent shell not be unreason�bly
<br />— wkhhMd, or unlese extenwting clrcumstances exlst which ere beyond Bortower'e conirol. Borrower eh�M nqt destroy, d�mepe or knpak
<br /> � the property, sNow ihe Property to deterionte, or corrxnit w�ete on the Property. Borcower sh�N b�in def�uk N any torleKure actlon or
<br /> proce�ding,whethx cNM or crM�hal,Is begun th�t In Lmder'e qood lafth)udymant could resuR In foAeiture of ihe Propaty or otherwiae
<br /> rrkteri�Ny knpak the Ilen ueated by this Security Instrument or Lender'n eecurtty Intcrest. eortower msy cure sucn w airiun ��d
<br /> relnstete, as provided In peragnPh 1B, by c+�uaing the�cllon or proceeding to be dismissed wRh � ruHng that, 6� Lender'e pood tekh
<br /> � detertnination, predudey forfeYure o1 the Bortower's k�lerest In ihe Property or other m�terial knpakment o1 the Nen cre�ted hy thls
<br /> ; SecurHy InsWmant or Lendeie aecuriry i�terest. Bortower eh�N deo be In defauR H 8arower, duriny the Iwn �ppNcatbn procsae,
<br /> prve rtuetarl�Ny false or in�ccunte Inlorrnetion or stetementa to Lender (or talted to provicle Lmder wkh any materi�l intonnatlon) In
<br /> connection wfth the loan evidenced by the Nute, InGuding, but not NmF;ed to, represmUtbna caiceminp E�orrower'a occupancy ol th•
<br /> Property as e princlpal rosidence. H tlils Security Instrument Is on e leasehold, Borrower ah�M compty wMh aM ths provlslone oi the
<br /> le�se. If Bortower ecqukes 1ee tftle to the Property, the leaseho�d�nd the lee titie shil not mexga unlesa the Lender �yreea to the
<br /> merqer In rn4ting. Form ao�e s�so
<br /> � F10Y.3.1M0(tON� t'aqc 2 of 5
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