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<br /> °°?�S??�� Borrower's escrow accaunt under the federal Reel Estate Settbment Prxsduro� /rct of 1974 as unend�d hom tim�to tkn�, 12 U.9.C.
<br />�7�; 2fi01 ei aeq. ('RESPA"1,unWs�another bw that applies tn thn Funds sete �iasser Rmount. If so,Laid�r may,�t any tfm�, coM�ct�nd
<br /> ;,� � hold Funds in on emount nol lo excaed the fesser amount. Lender mey sstrnate the emount of Nnda due on th�bnsla of curtmt d�M �_
<br />"^�_,�' . .
<br /> •� ��+ and reasonable esllmates of e�penditures of futurn Escrow Items or otherwlse fn eccord�nc�wNh�ppl�abk lew,
<br />.t��;4� The funds shen he heb � en InstlWtbn whose depoaks ar0 In�und by a lad�ral �psncy, hltrum�nt�lAy, or �ntRy (hcludfnp
<br /> :=:�'�:''..
<br />- Londer, �lendor is such en InstpuUon) or In eny FedfxYl Home Losn Bank. Lender shell �ppy th�Fundt to p�y th�EsCrow ItMns•
<br /> '1;-��� '' Lender m�y not chupe Borrower lor holdhp and epplyinp ihe Funds,�nnudly �n�lyilnp th� �strow �cr,ount, or vKNyhp th�Escrow
<br />'I`"^'� Items, ungss Lender peys Barrower Intorest on the Funds and appl�cabb law p�rmks l.snd�r to rMke auch a chu�. Howw�r�L�ndK _
<br /> " •`" ` may requ'ra Borrower to pay� one•tKne charpe for an �ndopendent roal ostnte tAx reporting servke used by L�nden c �onn�clbn wNh
<br /> y:�.l.��
<br /> _��r. this Ioan,unless applicsbla 4w provides otherwise. UnWss an �yrwmint ia rrwd� or�ppliC�bl� Yw rpukn htK��t to W pald,L�nd�
<br /> �..: shell noi be requked to pay Bo►rower any Interest or eamfnps on ths funds. Bortow�r and L�nd�r rn�y aprM in wrklnq,howw�,that
<br />�_ interest sha11 bc� peld on the Funds. Lender shall gNe to Bonow�r, wkhqut chnrpe, an �nnutl accounthq of the Funds,thowhp —
<br /> credits snd debits to the Funds end the purpose for whbh each debR to Ihe Funds wus made. The Funds sre pfedfled as�ddkbnal
<br /> ° '�,;� security lor all sums secured by lhis Security Ins�rument.
<br /> �;;'Y;1", " If the Funds held by Lender exceed the amounts permitted ta be held by applbeble law, Lender ehall account to Borrower for the
<br /> 7'�1 ezcsss FundS in eccordance with the requlremenls ol epplbable law. If the empunt of the Funds held by Lander at �ny tfmo is not
<br /> .-^�°y;t�`�ir;� suHicfenl lo pey the Escrow Aerns when due, Lender may sn notlly Borrower In wrNinp,and, In such tase BoROwer 6h�A pay to L�nder
<br /> -- the amount necessary to make up the deffciency. Borrower shall make up lhe defiCiency n no more then tweHe monthly paymsnl�, at
<br /> ,;;�"r:'��• Lender's sole discretion.
<br /> T2��"�'_� Upo� payment h full ol eD sums secured 6y this Security Instrument, Lender shell promptly tnfund to Bortower any Funds h�ld by
<br />--��'•'-°'�"� Lender. If, under paragrttph 21,Le�der sheli aCquko or sell the Property, Lender, prbr ta the kquhkbn or sale of the Proputy, sh�M
<br />-_anr',-:��� -
<br /> '� apply any Funds held by Lender at the trne of scquisition or sata as a credR apafnst the sums :ecured by thls Securfty Instrum�nt.
<br /> 3.Application of Peymcnte. Unless appifcable law provides otherwlue,all paymenis received by Landu undw� pva�nphs
<br />_,�;����� i and 2 shall be applied: frst, to any prepayment charpes due under the Note; second,to emounts peyibk under penQnph 2; lhkd
<br /> --- - to tnterest due; fourth,to prncipal due;and last,to eny late cherpes due under the Note.
<br /> -_��,�r���,� 4.Cherges; Liens. eorrower shall pey all texes, asseasmenta, charpes, finea tnd Ynpoikbns Rttrbut�bls to th�Propwty
<br /> �""��' which may attain priority over thfs Securky Instrument, and leasehold payments or pround ra�tc. M any. Borrowex 6haN p�y tMs�
<br /> - --- obligatfons In the manner pravided fn psrayraph 2, or M not pald k� th�t manner, Borcoww shall p�y them on tYn� dincty to th� pKSOn
<br /> owed payment. Borrower shall prompty furnish to Lender eA notbes of amounts to be pald undsr this parapr�ph. If Borrow�r rnNc�s
<br /> �` - these peyments directly, Bonowe�shall promptly tum{sh to Londer receipts evldencinp the payments.
<br /> ._�•� Borrower shall prompty discharqe anv lien which has prbrriy over thls SeCUrity Instrument unless Borrow�r: (a)aprMS In wrkinq to
<br /> — - 1he payment of the obligetbn secured by the I"�en In a msnner eccepubb to Undsr; (b)conte�ls in poad hkh tha Ilsn by, or dNM�ds
<br /> � agatnst enforcemen[ ofi ine i�� :�,�7a�pr�ca�d=^ys s.'h�!'• !" thp i.r,nnar's oQinbn opernte to prwent the entorcement ol the Mn; or(o)
<br /> �.--�•-� secures Irom the holder o�Ihe I'�en en ayreertient setisfactory ta Lender subordh�tinp ths lien►o Ihis S�curity Instrument. It lmd�t
<br /> v�---"°°'- determnes that eny part of tF�e Property Is subJect to a lien whbh may attdn prbrNy over thb SecurRy Inatrument, Laider may oNs
<br /> — _ Borrower a notSce identifyinp lhe lien. Borrower shall sstisly the Ilen or teke one or more of the actlons 5el forth �bove wkhin 10 days
<br /> of the qHi�g of notice.
<br /> -� , 5.HazArd or Property Insurence. 8orrower shall keep the knprown�ts now axkthq oI hKeaRw K�Chd on th�
<br /> Propeny insured egainst loss by fire, hazards included wRhtn the term "extended coverepe" and any other harards, inCludinp fbods or
<br /> flooding, !o� which Lender requires insurance. This hsurence shall be mahtalned h the emounle Qnd for th� parbds lh�t Undor
<br /> requires. The ��surance ca�r'�r providing the Insurance shell be chose� by Borrower subJect to Lender'6 epprovd whbh ahtM not be
<br /> —� unrensonably withheld. If 8orrower feils to maintain coverege descr�bed above,Lende►mey,at Lender's optbn, oblRh covsrp� to
<br /> protecl Lender's r�ghts in the PrGperty i� accordance with para9reph 7.
<br /> A�hsurance pol'�cfes md renewals shall be ecceptabk,to Lender and ShaW Includs a att+ndud mortp�p�Cl�us�. L�nWr�haN haw
<br /> tne rignl ta hold the policies end renewals. II Lender requires, Borrower shall promptly Qlve to Lender atl recalpts of pak promlums
<br /> end renewal n�tfces. In the event ol loss, Borrower shall aHe prompt notice to the Insurana c�Rfer�nd Lender. Und�r maY m�k�
<br /> proof ol loss H not made prompty by Bortower.
<br /> Unless Lender and Borrower otharwise apree{n writhfl, Insurance prxeeds shaN be applNd to restontbn or rsp�fr of tIN PropMy
<br /> m��� damuqed, il the restoration or repak is eCOnom�aly fAas�b and L.ende�'s securky Is not lessened. I}the nstontbn or npat M not
<br /> '�; economicaly teasible or lender's securky wouW be lessened, lhe Insurence prxeeds shaN be applbd to th� cumi iacurld by thb
<br /> ---- -� Securei Instrument, whether or not then due, with any excess paid to Borrower. If Bonower abandons lhs Proplrty. a doas not
<br /> �� --- enswer withh 30 days a notice from Lender thet the Insurance carr{er has oMered to setlle a cV�kn, th�n Und�r may coWct tl»
<br /> ��� hsurence proceeds. Lender may use the procaeds to repsh or restore the PropeAy or to pay sums sseurod by thb S�curky
<br /> _..��-,���1
<br /> Instrument whether or notihen due.The 30-tlay perAd will beflh when the notfce is piven.
<br /> -��+�zr o� Unless Lender and Borrower otherwise aqree in wrkhp, any appl'�catbn of proceeds to prncipal sheN ntlt �xlend or postpon� th�
<br /> _F-r:_�I.'!'t r?
<br /> - �r r' due date of the monthly payments referred to fn paregrephs t end 2 or cnanps the amount ol tho poyments. If untl�' puag.aph 1
<br /> _:-
<br /> the Property is acquired by Lender, Borrower'S right to any insurance pol'�cfes and proceeds resukhp hom dema0s to the Property prbr
<br /> __ '�
<br /> to the acquisition shall pass to Lender to the extent of the sums secursd by thfs Security Instrument imrrwd�tab P�or to th�
<br /> acqu�saion.
<br /> 6, Occupency, Preaervation, Melntenance end Protection of the Property; Borrowa's Loan
<br /> Applicatlon; Leaseholda. Borrower shall occupy� esteblish,and use the Property as Borrower's prinC�pal resklenc�wkhM abety
<br /> �� �� days atter the execution o�this Security Instrument and shall continue to occupy t�e Properly as Borrowei's pt(ncfpal reskence for at
<br /> least one year eker the date ot occupancy, unfess Lendor otherwtse aqrees h wriciny, whfCh consant 6ha11 not be unrsasonsbty
<br /> �'' " w�thhe�d, or unbss extenuati�g ckcumstnnces exist whfch ere beyond Borrower's control. Bortower sheN not destroy,damap� e►h►P�r
<br /> ` the P�op��ty. allow the Property to deterlorate, or commit wnste on the Property. Bor*owc+� shell be ki doteuk N any forteRuro aCtbn o�
<br /> :v � proceeding,whether c�vil ar cr�minal,is bogun thnt in Lender's good laith jud9ment could resu!In forfeiture ol the Property or oth9nvkSY
<br /> --_-�-� �---�� _ �Y..a..�� .......a,, i.,��act Rnrtownt ttlOV cufE SuCh �dshult �nd
<br />. ._.,.,_ .. -_ _ f. ---•
<br /> mate�ully impn�r tho lien t�eated by tn�s 5ecuricy inai�����e�•� �• �..��.- ----... _..-�---- - •
<br /> ' F re�nstate, es provided in paragmph �0, by causk�g the ectwn or proceedhg to be dfsmissed wkh a ru��g thet, h Lender'6 yood hkh =
<br /> determhation, procludes lorterture o1 the Borrowers hte�est in th� Propetty or othet materyl impairme�tt o} the lien crNtsd by thb _
<br /> Sacurny Instrumont or Le�der's security hterest. Bcrrower shatl elso be in defauK R DorroWe�, durhy the ben epplic�tlan prx�ss, -
<br /> gave materially �915e o� naccurato hformation or stetaments to Lender (or falled to provide Lender wRh any materi�l fnPomwtfon) In -
<br /> conneCtion with the loan evidenced by the Note, fnclud�ng. but not limit6d to, r8pre5entatbns canCemhp Bon�ower's occup�ncy of tha
<br /> � , Property as u pr.�c�pal resirience. II thls Security Instrument fs on e leasehoki, Bortower �hall comply wiln �N the provbbna of th� .
<br /> �ease. II �orruwer ecquies �ee title to the Property, the IeasehoW and the tee title shell nol merQe unless the Lendor eq�ees to tha _
<br />. ., rnerfle; in writiny. Form 7oze QIYC _:
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