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<br /> - _ �. 98- ��.26z9
<br /> Thc Funds shall be held in an institu�irni whosc dcpc�sitti arc insurcd by u fcdcr:�l agcncy, instrumcntulity, ��r cntity
<br /> (including L.cnder,if Lendcr is such un institution)ur in nny Pcdcrnl Hmnc L,oun Aank. Lcnder shuU npply the Funds to pay thc
<br /> Escraw Itcros. Lcndcr may not churge Aorrower for holdi��g und .ipplying the Funds,annunlly analyzing lhc eurow uccount,or
<br /> verifying thc f:scro�:�Itcros, unless Lender pays Horrower interest on thc Funds und upplicuble law �xnnits l.�:nJcr to mukc such
<br /> a churge, Howe�•er, Lender rnay requere Burrower to pay a one-time ehi�rge�or an indepe:ndeni rc:►I estate tux reporting service
<br /> used by L,cndcr in conncctinn wi�h this lonn, unless i�pplicablc luw providcs uthcrwisc. Unlcss un ugrccmcnt is niudc or
<br /> upplicablc law rcqaires intcrest to bc paiid, I.endcr si�ull n�ri bc rcquired to puy Burmwcr uny intcrest or carnings on thc Funds,
<br /> Borrower uncl l.ender muy agrec in wrUing, however, thut interest shull be puid on thc Funds.Lcnder tihull givc to fiorrowcr,
<br /> withaut chargc, an annunl accounting o(thc Funds, showing creciits nnd dcbits to thc Funds und thc purposc for which ench
<br /> debit to thc Funds was mada Thc Punds arc plcd�cd as additiom�l sccurity for ull sums securcd by this Sc�urity Instrumcnt.
<br /> If thc Funds held by L.eixler exceed the atnounts permit�ecl to be hcld by applicublc law. Lcndcr shull uceount to[inrrowcr
<br /> for the excess Funds in uccordance with the reyuirements�f upplicable luw, if the umount of Ihe Funds held by l.ender at any
<br /> time is not sufficicnt to pny thc Escraw Itcrns whcn duc,Lcndcr may so�iotify Borrowcr in wri�ing,and,in s�reh casc Borrowcr
<br /> shnll pay to Lender the nmount ncccssary to makc up thc deficiency. Borrower shall makc up thc def►cicncy in no mi�re than _
<br /> twclve manthly payments,ut I.tnder's sole discretion.
<br /> Upon payment in full �f aU sunis secured by this 5ecurity Instn�ment, Lender sh:+ll promptly refund tn Borrower o.ny
<br /> runds held by L.cndcr.If, under paragraph� 21, Lender shnll acquire or sell the Property, Lendcr, pnar to thc acquisition or snle
<br /> of the Property, shall apply any Funds held by l.ender at thc time of acquisit�on or snle as n credit aguinst thc sums securecl by
<br /> this Security Instrumcnt.
<br /> 3.AppllcAdon of Pt�yments.Unless applicuble law provides otherwise,all payments reccived by Lender under pxragraphs
<br /> 1 and 2 shall be applied: first,to any prepayment charges due under the Note; second, to amounts pnyable uncler paragraph 2;
<br /> third, to intcrest duc; fourth, to principal duc;and last,to any lutc churges duc undcr thc Note.
<br /> 4. Charges;Liens. Borrowcr shall pay all taxes,ns.v:ssmen�s, churges, tines und imposi�ions auributublc ro thc Property
<br /> which may attain priority over this Security Instrument, nnd leasel�old payments or ground rents, if any. Bor�owcr sliall pay
<br /> thesc abligaliuns in lhe manner providcd in paragraph 2, or if not paid in that manner, Rorrower shall pay them on time directly
<br /> to the person owcd puyment. Borrower shall promptly furnish to l.cnder all notices of amounts to bc pnid under this paragraph.
<br /> If Borrower makes these paymentsdirectly,Borrower shall promptly fumish to I.ender recelptsevidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority ovcr this Security Instrument unless Borrower: (n)agrees in
<br /> writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good faith the lien
<br /> by, or defends aguinst enforcement of the lien in, legal proceedings which in thc I.ender's opinion operate to prevent the
<br /> enforcement of the lien; or (c)secures fron�the holder of the lien an agreement sntisfactory to Lender subordinating tha lien to
<br /> this Security Instrument. If Lenderdetermines that any part of the Property is subject tq a lien which may attain priority over
<br /> this Security Iestcument, Lender may give Borrower n natice identifying the lien. Borrower shalt satisfy the lien or take one or
<br /> more of the actions set forth above w�thin 10 days of the giving of notfce.
<br /> S. Hazard or Property Insurance. Borrower shall keep the improvements now existing or heXeafter erecteci on the
<br /> Property insured against loss by fire, hazards included within the term "extended coverage"and any other hazards, including
<br /> floods or floosiing, for which L.ender requires insurance. This insurance shall be maintained in the umounts and for the periods
<br /> that iencier n;yw�C�. Tfie liiSui'dTnc CaPi3CT�7Y3Yt��ng tti�:r.snra�:e 'h�j� hr r�ncrn bv Borrower sublecc to l.ender's approval
<br /> which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above, Ixnde�may, at L,ender's
<br /> option,obtain coverage to protect I.ender's rights in the Property in uccordance with puragraph 7.
<br /> All insurance policies und renewals shall be acceptable to L.ender and shall include a standard mortgage clause. Lender
<br /> shall have the right to hold the policiesand renewals. If Lender requires, Borrower shull promptly give to Lender all receipts of
<br /> paid premiums and renewAl notices. Inihe event of loss,Borrower shall give prompt notice tothe insurance carrier and Lender.
<br /> l.cnder may make proof of loss if not n�ade pramptly by Borrower.
<br /> Unless I.ender and Borrowcrothcrwisc agrce►n wnnng, insurtincc proceeds shall be applied to restoration or rcpair of the
<br /> Property dmnaged, if thc restoration or repair is economically feasiblc and Lcnder's security is not Icssened. if the restoration or
<br /> repair is not economically feasible or I.ender's seeurity would be Iessened, tlia insurnnce praceeds shall be applied to the sums
<br /> secured by this Security Instru�nent, whether or not then due, with any excess paiJ to Borrower. If Borrower abandons the
<br /> Yroperty, or dces not answer within 30 days a notice from I.ender thnt the insurance carrier has offered to settle a claim, then
<br /> l.ender may collect the insurar�ce praeeds. Lender may use the pmceeds to repair or restore tlie Property or to pay sums
<br /> secural by this Security Instrument, whether or not then due.'I'he 30-day period will begin when the notice is g�ven.
<br /> Unless l,ender a�id Borr�wer otherwise agree in writing, any upplicution of proceeds to principal shall not extend or
<br /> postpc�nc the duc date of the monthly paymcnts refcrred to in paragraphs I and 2 or ctiange the amount of thc payments. If
<br /> under parugraph 21 the Property is acquired by I.ender, Borrawer's right to any insurance policies and proceeds resulting from
<br /> damage to the Property prior to the acquisition shall pass to Lcnder to thc extent of tlie sums sccurcd by this Security Inst�Ument
<br /> immediAtely prior to the acquisition.
<br /> 6.Occups�ncy,I'reservAtion,Malntenance and Protectlon of thc Property; Borrower's Loan Application;I.easeholds.
<br /> Borrower�hall occupy, establish,and use the Property us Borcower's principal resid�nce within sixty d;�ys After die execution of
<br /> this Securiry Instrument and shttll caminue to occupy the Property as Borrower's principal residance for at Ieast one year after
<br /> the date of occupancy, unlcss Lcnder othcnvise ugrees in writing, which consent shall not be unreasonably withhcld, or unless
<br /> cxtcnuating circumstanccs cxist wlaich arc bcyond Borrowcr's 4ontrol. Borrowcr shall nnt dcstroy, damagc or impair thc
<br /> Propeny, allow thc Propcny to deteriorate, or commit waste on thc Property. Borrower shall bc in default if:uiy forfciture
<br /> action or procceding, whether civil arcriminal, is begun that in•L,ender's goai faith judgment could result in forfeiture of the
<br /> Propeny or otherwise materially impair the lien cre:ited by this Security instrument or I.ender's securiry interest.Borrower may
<br /> cure such a default and reinsmte,as provided in par�graph l8, by c:�using the action or proceeding to be dismissed with a ruling
<br /> that, in Lender's good faith detent�in�tion, precludes forfciwre of the Borrower's interest in the Property or other material
<br /> impairmcnt of thc lien crcatcd by this Sexurity instrument or Lender's security interest, Borrower shall also be in default if
<br /> Borrower,during tlie loan application prcxcs�,gavc materially false or inuccuratc information or statements to Lender(or f�ilcd
<br /> to provide Lender with any iriateri;ti information)in connection with the loan evidenced by the Notc, including,but not limited
<br /> to, representations cuncerning BorroH•er's occupancy of the Property as a principal residence.If this Security instrument is on a
<br /> Icaschold, Bonowcr shall comply wi�h all thc provisions of the Icasc. If Borrower acquires fcc titic to the Property, thc
<br /> Icasehold a�x1 the fec tide shall not nxrge wilcss I.endcr agrecs to thc merger in writing.
<br /> 7.Protection of I.ender's Rlghts in the Propetty.If Borrower fails to perform the covenants and agreements co�nained in
<br /> this 5ccuriry Instrument, ur thcrc is a IeZ;al proceeding that may signifiranUy affcct Lender's rights in the Property (such as a
<br /> - proca:Jing in bankruptcy. prnbatc, tor condcnuiation or i'urfeiturc or to cnforcc laws or regulutiuns), thcn L,cndcr may Jo and
<br /> ° �ay for�vhatcvcr is necess�ry ta prutcct the valuc of the Pmperty and Lender's rigEits in the Properry. Lcndcr's actions may
<br /> a m�ludC paying any sums sccurcd by a licn �ti�hich has prionty ovcr this Sccurity instrument, appcaring in court, paying
<br /> - _..., _ ...�..,c�...........�.. ..,�.L..�annirc Althnuvh Itndef i1L14 t1ICC action undcr this paragraph
<br /> .. .. .o -•--=--..�.
<br /> fG750I1�10I1 illlUfllGyJ ICCJ tflna Gin�a a�E .ue..v�..,..� ... .....""_r_-"' "" �, '
<br />- � 7, Lctxlcr docs nut have to do so.
<br />_' Any amuunts Jisbursed by Lender �nder this paragr:tph 7 shcdl become additiunal debt of Borrower secured by this
<br />�`= Security Instrument. Unless Bormwer and Lcndcr agree to other terms of payment, these amounts sliall bear interest from the
<br />._-- datc of disbursement :u thc N��tc raic :uid sl�all bc; payablc, with intcrest, upon noticc from Lender to Borrower rcquesting
<br /> ;� paymcnt.
<br />�. 8, D1ort�agc li�.tiurancc. If Lcndcr rcyuircd►nurtgagc insurance as a condition uf making th�loan sccured by Ihis Sccurity
<br /> Instrwncnt. Borrc�wcr shall p:i}�lhc:prcmiums required to ntaintuin th�� nwrtgagc insurance in cffcct. If, for xny rc:ison, the
<br /> k, mortgagc insur�nce coverage rcyuireJ by Lcnder lapses ur ccases ti�tx in efFect. Borrower shall pay the premiums required to
<br /> ubtain covcr:;gc subslantially cyuivalcnt tu thc mortgagc insurancc prc��iously in cFfcct.at acost substantiully cyuivalcnt ro thc
<br />= cust to`Borcower uf the murcgagc insur,mrc previously in effect. from an altcrnate mor[gage insurer:►pproved by Lendcr. !f
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<br /> �(] , v,��o�oe a Form 3028 9I90
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