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<br /> , .. . 4•�� . MIML....'.. .....�'����"• '�� " '�Y44..ii.rMn. r�..�� . .. ....�..... .�_'.��..��..._........ � ±"_' ______. �-ti
<br /> - � . ,., . "- . . • . '" �12'791 �=� .
<br /> . �' Borrower'e sacrow �ccount under ths hd�l Fle�l EsUle Seltlament Procedun{ ACl O}1BT��6 Nmanded }mm tlme to Ume,12 U.�.C.
<br /> ' �► � 2801 et eaq. ('RESpA'), unleea�notha i�w th�t �ppMa tca Ihe Funda eW��IeasK rmount, II eo, Lender may, et eny tlme,collect �nd nf�_:
<br /> "' " � hold Funda In �n �mount not to�xcNd tha InsM amount. Lender may estkn�te the amount o1 funds due on tha beels of wrrent dst� �n:.
<br /> �� end reaeonebie eatkn�IMS oi expsndllurea ot Ntun[aaow Ileme or otherwlee In �ccord�nce wNh �ppliuble I�w. �»�,
<br />- � The Funds ah�M be hNd In �n Inetttutlen whoa�depoaRe us Inwred by � ledenl �pency, Inatrumentelfty, or entiry (Indudinp ��,
<br /> � � Lender, if Lender la euch �n Instftutlon) or In any Fedxal Home Lwn Bank. Lender ehdl �ppy Ihe funds to pay lhe Eacrow Iteme. �rN
<br />- � Lender msy not charQ� Borrowa lor holdinq�nd�pplyhy ihe funde, �nnu�Ny pndytinp lhe escrow �ccount, or varilylnQ Iho Eecrow -
<br /> Items, untess Lender paye Bortower inlxeat on the Funda �nd �ppliubb I�w permRe Lendex to m+ke auch �aharpe. Hnwever,Lenda �_ .
<br /> rru�y require Bortower to pliy �onatkne chupe 1or�n hdependent re�l entste 4�x reporliny servlce usad by Lcndcr In coMection witfi � --
<br /> thls losn, unlees appNabN I�w provldea othenvla�. Unleae�n apraemeM I�m�da or applicabla law requlrea Intereat to bo p�id,lender
<br />- ahsll not de requlred to p�y Borrower�ny Intxeet or e�mMpa on the Funda. Borrower end Lender rr�y agree In wrtting, however. thzt
<br /> J � � interest shsll he pdd on the Funds, Lendar eh�U pNe to Bortowx, wkhout chuge, nn �nnu�l �ccounllnp ot tha Funds, showing
<br />���` .� credita and debRs to the Funda�nc1 the purpoa�tor which each debft to the Funds was m�de. Tha Funds are piedped�s additional
<br /> eecurtty tor dl suma secured by thla 3ecurlly Inehumant.
<br /> It the Funda held by Lenda axceed the amounte pxmitted to be haid by �pplicabb�ew, Lender shall account to Bortower for the
<br /> ;,;� ^ � excesa Funda in �ccordance with the requkanente of�ppYc�bk I�w• H the �mount ol the Funds held by Lendx nt any time is not
<br /> " � sutAclent to p+�y the Eacrow Items whan due, Lender may eo notHy Bortower In wrttin9,md,in auch caae Borrower sh�H p�y to Lender
<br /> ' the amount neceaa�ry to m�ke up the de}Iclency.Bortower ahdl rtKke up the deAdency in no more than twelve monthly p�yments,at
<br />_�;. ,. :;� Lender's sole discretlon.
<br /> Upon payment In fuA of aN sums aecured by thia Secudty Instrument, Lender ahall prompty refund to Borrower sny Funds held by
<br /> •• Lender. If, under per�gr�ph 21, Lender shaY acquire or se�the Properry. Lender, prlor to the acqulsftlon or sale of the Properly, shell �
<br /> �' " • epply any Funds hdd by Lendar at the time of �cquis�lon or e�la�s a c�edit sg�lnst the sums i���b�lender ander(pnregraphs
<br />��' � '� 3, Applic�tlon of P�ym�nb. Unleae app�cabk law Provides otherwisa, e�paymen Y
<br />� . 1 and 2 shell bs applied: flrst, to eny prepeymcnt clurges due undar the Note; second, to emounts payable under paragreph 2; third
<br /> ��=�':�:�� to Interest due;fourth,to prindp�l due; end kat,to �ny {�te cherges due under the Note.
<br /> ,�' y "�� 4. Ch�ryes; Uens. Borrower she� (xy aA inxes• aaseaaments, charge�, fines nnd impoaklonn attdbuteble to tho Property
<br /> ��:v`�. y over thla Sec:urfly Inawmant, �nd leeaehold paymente or pround rents, Ii eny. Bortower shUl pay these
<br />�• � , which ma ettain priorHy
<br />��'_��t��y�.' obAgetlons In the menner provided In per�qnph 2, or H not paid In that manner,Borrower shaN pay thern on time directly to the person
<br />�;,; .;,; � owed payment. Bortower eh�p promptly iumish to Lender sll notices o1 emounts to be peld unda�this pangreph. It Bcrtowa rrnkes
<br /> ��•�•. •.
<br />�_ these payments directly,DoROwx shall promptly lumiah to Lender recelpta avidenGng the paymen e.
<br />=���i�,-:�' Borrower shall prompty dischuye any Ye�which hae priodty over thla Securlty InaWmant unleaa Bortower: (a)apree�I� wrktng to
<br /> _ �u:�.,q.
<br /> �=.:•-�. �h. �.�w,t of the obllastlon secured by the N�n In�rrwnner�cceptable to Lender; (b) conteate in good taRh the Ilen by, or deten s
<br />-""±r�^��` �, oceednpa which h the Lendx's opinlon openita to preveni inn antoii:w��or�i:.t��a I��; �r;c)
<br />����, a�inst enforcanent ot the Ilen In,leysl pr
<br />--- �*�r� aecures from the holda of the Nen �n �preerna�t e�psfactory to Lender subordlnatlny the Nen to ihla Security InstrumenL If Lender
<br />�."'`�:)`•`
<br />,N,„�.�•� � determina lhat any pert o1 the Prop�ty la sub�ect to a Yen which mny �ttaln prlorily over this Securfty Instrument, Lender may e
<br />°Ui;,�.,�y,� ,�� Bortower a nodce IdentHying the uen. Bortowe►sh�l satisy the Ilen or take one or more ot the a�Kions set torth above wHhin 10 deys
<br /> � .y�.,..,,.,,P.,
<br /> -�,,.y;,��:,. ot tha giving o1 noUce.
<br />-;�.�?. .
<br /> i��,�, .��� 5. Hu�rd or Property Insurance. Barower shaN keep the Improvements now exiating or herenfter erected on t e
<br /> 7.�G��.' property insured agdnat losa by 1ka, huerds indudad within the term 'extended coverega' end�ny other hez�rda. Indudng Iloods or
<br />-_,g��,=-�..�_.:?y
<br /> ; flood'ng, tor which Lander requirea Insurence. Thia lnsurance shall be mrintelned In the emounts end for the paiods that Len ar
<br /> � ,�"�`'� requires. The Insurnnce cartier providing the {nsurance ahRll be choaen by Borrower subJect to Lender'a epprovel whlch sheM not be
<br /> �le��+',.
<br /> --��'°"=� unreasonably wfthhdd. If BoROwer fafla to meM�taln coverage desc►ihed ebove, Lender may� et Lender's optlon, obtain coverage to
<br /> Y����^t�= protect Lender's riyhts In the Property in accord�nce with panynph 7.
<br /> ''�°�`M''3"�°� All Insuruice polides snd renewda ehaN be acaptabb to Lender end sh�N Indude a atandard mortg�qe clwae. lender shsil have
<br /> �'`'"'��?"`� the right to hold lhe policles end renewda. tl Lender requkes, Borcower nhaY promptly pNe to Lenda• aN recelpta of p�id prerrdums
<br /> ��•
<br /> '� and renewel nodces. In the event ot loas, Barower sheM gke prompt notice to the Inauronce csrrler and Lendar, Lender meY me e
<br />=�q�`!:�'1�:�:�.
<br />�- ax=-,-,j.� proot o1 loss if not made prar�Uy by Bortower•
<br /> -�---=•'.wN � Unless Lender end Bortower otherwise egee In w�tting, Insurance proceede ahaA be�pplled to restoratlon or repalr ol the Property
<br /> �r.-.�+�y• dameged, M the restor�qon a repak Is economicaly feaslWe end Lender'e securtty I� not lessened. I} the restoretlon a rep�k Is not
<br />'-.;i,`,� .^;?•;. .
<br /> ;��: - economicaly te�sible or Let�der's aecuriry woukl ba lessened, the Insurance proceeds shatl be �pplied to the suma secured by this
<br /> -��:��,,�� Securiry InstNment, whether or not then due,with�ny excess p�id to BoROwer. I} Borcower �bandons the Properiy, or doea not
<br />'g`-�i� s�sWer wRhin 30 daya a noUce hom Lender that the fnsurence certler haa ottered to eettle � cidm, then Lender m�y coNect the
<br />,""aYM�.+�,::•• ' Insurance proceeds. Lender rrwy use the proceeds to repdr or restora the PropeAy or to pay sums seoured by thls Security
<br />_� :. _ .
<br /> �����°� Instrument,whether or not ihen due.The 30-d�y peilud wfN begln whm the notice is given,
<br />- Unless Lender end Borrower otherwlee agee In writk�9, eny eppNcatlon of proceecis to principal shalt not axlend a po�tpone the
<br /> due date of the monthy payments referred to in pungnphs 1 and 2 or chanqe the�mount of the payments. If under paregreph 21
<br /> the Properry Is acqulred by Lender, Borrower'a dghl to �ny fnsurance poNcles rnd proceeds resuM.inp from dnmege to the F�roperty pdor
<br /> � to the ecqulsition sheM pass to Lender to tha actenl of ihe sums secured by thia Securily Instrument Immediutey pdor to the
<br /> � ecqulsiUon.
<br />� � �. pr�sorvatlon. Maintsn�nc� and Protaction af the Prop�rty; Borraner's Loan
<br />= r .� 6. Occupancy. _
<br /> Application; Loaseholds. Borrower shell occupy,esteblish, end use the Property es Bomower's principal resldence withln sixty
<br /> days after the execution o1 this Security Instrumenl snd shad continue to occupy ihe F'roperty as Dorrower'a principal residence lor at
<br /> - � least one year sfter the date ot occup+ncy, unkss Lender otheiwlse egrees I� writing, which consent shall not be unreasoneby
<br /> _ (
<br /> � i withheld,or unless extenuating circumstences exlatwhich are beyond Borrowers control. Borrower sha{I not desVoy, demage or impefr
<br /> ; � the Property, allow the Property to deteriorate,or commil waste on the PropMy. 8orcower shell be in delauR H eny fodeiture action or
<br /> : , . ... -- -�-�-
<br /> _� �_ �........,�ti��N �a�.r�nond Mith iudanent coutd resuft In lorfefture ot the Pruperry or otherwlse
<br />_ - _ _ proceea�ng,wneiner c�rx vr uw���o�, ���-r�......-._. __.__. . „ . _
<br /> materialty impafr the Gen c,�eeteri,by ihis SecurHy Instrument or Lender'e s�curity intereat. Bortower may cure such a delault and
<br /> re(nstate, as provided in pangraph 18, by ceusing lhe ocilon or procnedinp to be dlsmissed wkh e ruling ihat, in Lender's good takh
<br /> detennfnation, precludes }or(eiture of the Bertower's (nterest in the Property or other mate�ial Impairment ot the lien aeated by thls
<br /> Security Instrument a Lender's secu�iry Interest. Bonnwer shall also be In detauR if Borrower, during the loan eppkation process,
<br /> gave materiely talse or inaccurate Inlormation or statements to Lender (or lailed to provlde Lender with eny material intormation) (n
<br /> cunnection with the loa� evldenced by lhe Nute,Induding, but not limited to, representetions conce+ning Bortower's occupancy et the I
<br /> I Prope�y as a princlpal residence. N thfs Security InsWment fa on e leasehold, Borruwer shsll compty with all the provislons o1 the
<br /> � lease. If Borrower acquires fee title to the PropMy. lhe le�sehold end the lee title shall not mergo unless the Lender agrees to the
<br /> merger in writing. F«m 3oze 9rsa
<br /> FiUt9.Lh10 (70,971 Pagc 2 of 5 ;
<br /> ' I
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<br /> I 6St1C050
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