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<br /> - .�_ ._- � 99° �0�3�.
<br /> The Fuadti shall tse held in an institution u•hose depo�its are insured by� a federal agency�. instrumeniality. ur enrity -
<br /> ,� � (inclading Lxnder,if Lendet is such an institutiun)or in any Federal Hnme Lo:ui Bantc.Lender+h:ill appty the Funds to pay the
<br /> . Escrow Items. l.ende*may not charge Borrow•er for holding and applying the Fund>. annuaUy anaiyiin_the escvow:�ccount,or
<br /> � verifyine the Escr�w items,unless L.ender pay+gorrou�er intere�t un the Fund�anJ applirable laa permits Lender to make such
<br /> � ' a ch3rge. However. Lender rtciy mquire Bnrmwer to pay a one•time charge for an insiependent rral estate tax reporting service �
<br /> used by Lender in cannection with this loan, unless appli�able la�v provide. uthen�:se. linless an agreemene is made or �.
<br /> . � � applicable la�v requires interest to b:pai�. Lender shall not be rcqaired to pay Barrn+xer zny interest or eamings on thc Fund�. °°:_
<br /> ' _ � : Borro«�er and Lender msy agrce in�vnting, however, that interest shaU be paid un t4�:�unds. l.ender shall give to Bonower. �•�
<br /> . without charge, an annuaf accounting of the Fuiids, showing ��redits an�!debits to the Funds and the pµl�potie for which eaeh
<br /> debit to the Funds was made.The Funds;sre pledged as additional securit��for al�sums secured by thfs Security Imtrument. �
<br /> � � �. . If the Funds held by Lender exceed the amnunts permitted to be held by applirable la�v.Lendzr shali account to Borrower
<br /> . _• —• for the exc�s Fursds in accordance with the requirements oF applicable law. If the asnount of�the FunJs held by Lender at any � .
<br /> • ��"��' time is not sufficient to pay the Escrow Items�vhen due.Lender may so notify Borrower in writing,aiid,in such case �orrower =,
<br /> • • � ��'* shall pay ta Lender the amount necessary to make up the deficienry. Bo:Taticer shall make up the defic�ency in no cnore than �
<br /> � ' twelve monthly paymenu,at Lender's sole ditcretion. �.:
<br /> � • Ugon payment in fiall of all sums secured by this Securiry Insmurr.n*.. Lender shall promr*.i} refund to Borrower,any � _
<br /> ` Funds he�d by Lender.If,under paragraph 21. Lender shall acquire or sell the Property.Lender,prior to the acquisition or sale -
<br /> of tl�e Property,shull apply any Funds held by l.ender at th,;:ime of acquisition ar,al:as a credit again�t the sums yecureJ by ___
<br /> this�ecuriry Instrument. =-
<br /> �y 3.Appltcation of Payments.Unless applirable law ptn�-:�es otherwise,ail pay-.�r.r:�received by L.ender under paragraphs —
<br /> 1 and 2 shal(be applied: first. to any prepayment charges due ur�e�tt�.:Note;second,to amounu payable under paragraph 2:
<br /> • third,to interest due;faurth,co principal due:and last,to any late ch3-��due under the Note.
<br /> •� � • 4.C68rges;Y.dens. 8orrower shall pay al!taxes.asspsments,c�3r.�;�. fines and impositions attributable to the Property
<br /> �� wh:�h may attain priority over this Security Instrument,and leasehold psyments or ground rents, if a.�y. Sorrower shall pay
<br /> • � these obGgatians in the manner pro��ided in paragraph 2,or if not paid in that manner, Borrower shal!pay them an time directly
<br />, to the penon o�ved payment. Borrower shall prumptly fumish to L.ender all notices of amaunts to be paid under�his paragraph.
<br /> � � - If Sorrower maices these paymeats dirertly.Boarower shaU promptly fumish to Lender receipts evide�..-�:�;the payments.
<br /> • • Borrower shall prompdy discharge any lien which has priority over this Serurity Instrument ur•�+FonoHer.(a)agrees in
<br /> : � w � writing to tha payment of the obligation secur2d by ths lien in a manner acceptabte to Lender.(b}o:�:�s in good faith the lien
<br /> by, or defends a�ainst enforcement of the lien in, tegal proccedings which in th� L�der s opinio�o�rz:a cc� prevent the
<br /> � t enforcement of the lien:or(c)serures from the holder of[h.� lien an agreement satisf�;�.y to Lender subordin:,�ir3 the lien to
<br /> � � this Serurity instsument. If E.e�►�er determenes that any parc of the Propsrty is su6;�:e�a lien which may attain prioriry over
<br /> � • this Security 1n�unrEnt, Lender may give Borrawer a notice identifyir.g�:lien.B�:.rower shall satisfy the lien or take one or
<br /> � more of the actic�=•s::forth above within 10 days of the giving of notice.
<br /> � � �, � •� g, ��r,r. (�,�err.y Insurance. Borrower shall keep the i.r�.�rovements ��rw existing or hereafter erected on the
<br /> � Property insured.:�;�^�. '�:�¢�j fire, hazards included within the term "extended o��erage"and any other ha�rds, including
<br /> floods or floading,C�^-��.:�L.r.der re�uires insurance.This insurance shall be mai:�.aiaed in the amaunu and for the periods
<br /> � ' � that Lender requires.The insurance carrier pnnviding the insurance shall be chosen by Borrower subject to Lender's approval
<br /> � , which sha11 not be unreasonably with.held. If Borrower fails to maintain coverage described above, L.ender may, at I.ender's
<br /> . , option,obtain coverage to protect LendePs righu in the Properry in accordance with paragraph 7•
<br /> . '�� All insumnce polecies ard renewals shall be acczptable to Lender and shall include a siandard mortgage clsuse. Lender
<br /> ��� shall have the risht to h�ld Ih:policies and renewals. If Lender requires.Borrower sh:!1 p:ompily give to Lender all rec�ipts of -
<br /> ;�• paid premiums and renewal natices. In the event of lo;s,poaower shail give promps r:r::e to the�nsurance rarrier and Lender.
<br /> Lender may make proof of toss if not made promptly by Borrower.
<br /> � Unless Lender and Borrower otherwise agree m wntmg, insurance proceeds sh�!��e applied to restoration n::epair of the
<br /> �; Pragerty damaged.if the restoration or repair is economically feasible ar�d Lender's security�s not lessenecl.If the restotarian or
<br /> repair is not econamically feasible or Lender's security u•ould be lessened,the insurance proceeds shall be applied to the sums
<br /> secured by this SECUrity instn�ment, whether or not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> . ' ' • Property.or does not answer�vithin 30 days a ttotice from Len¢er that the insurance�ssrrier hos offered to senle a claim,then
<br /> ' Lender may coUect the insurance proceeds. Lender may use Q�e proceeds to repa*r. ur restore the Property or to pay sums
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<br /> r�,; •.•.:� .` : secured by this Security Instrument,whether ar not then due. 'Y�he 30�day period w�ll begin when the nopce is given.
<br /> ' ' ' iJnless Lender and Borrotiver othenvise agree in writing, any s�pplication of proceeds to principal shaQ not extcnd or
<br /> _,:,:f,;.,,t, T s ne the due date af the monthly payments referred to in paragraphs 1 and 2 or change the amount of[he payments. If
<br /> . ��::`.'=� P�m�
<br /> �7;;;2��':':;': under paragraph 21 the Property is acquired by Lender.Borrower's right to any insuranoe policirs and proceeds resulting from
<br /> ��g,�)�t��� .::.� dama�e to the Property prior to the ac�quis�tion shal!pass to Lender to the extent af the sums secured by this Security Instrument
<br /> -r,; �... immediataly prior to the acquisition.
<br /> �-u�•�,' • 6.Oocupancy,Preservation�Ms►Mtenance and Protection ofthe Property;Borrower's Loan Appflcntton;L.easeholds.
<br /> �is�:� *� ', Borrower shall occupy,establish,and use the Property as Borrower's principal residenre within sixty days after the execution of
<br /> . _._.,,, this Security Instrument and shall continue to occupy the Property as Harrotver's principal residence for at least one year after
<br /> ,�ry1�,�;,;;,,.�,. ' the date of occupancy,unless Lender otherwise agrees in writing. �vt�:3� :�nsent shall not be unreasonably withheid, or unless
<br /> �- � extenuating circumstances exist which are beyond Borrower's contr�:. Borro:.�:- _�tiall not destroy, damage or impair the
<br /> t_�`.' ��� Property, allaw the Property to deteriorate,or comrnit ::ste on the Property. L.•-ower shall be in default if any forfeiture
<br /> �j�!�.�:�„�.:'�..:. .• ,. ,�y_:
<br /> --_ . action or pro:ay_mg,whether civil or crim��al, is treb nat in I:endar's good fuith�udgment coul�resutt in forfeiture of the
<br /> ° �' ' ' ^% ! Aroperty or r:i'��:1�ise matcrially impair th�.',e�created by this Security Instrument ar Lender's security interest.Borrower may
<br /> . a�-��ucn a Z�iault and reinstate,a5 prov�:._:,;parz�raph 18,by causing the action or procee�ing to be dismissed with a ruling
<br /> - ��� � i�•.:r, i� Lender's good faith determinatb�+; .r�;�ad�� c•�deiture of the Borrower's interest in the Property or oiher material
<br /> � . • � � r.,'r%.="�ent of lhe lien cr�teal by this S�_:.y �.-�stn�.r.-:t or Lendcr's security ir,tf.test. Borrower shal) aiso be in dcfault if
<br /> • . - G;r.r�:ver.during the loan aprliration proc_ss,ga�c r.�.:f,:r:ally false or inaccurate i�T.i.:•rmation or titatements to l.ender(or failed
<br /> • ' w provide I1=n:,_-with any m�:erial inCer-._:`.on)in:.�Zaecuon with the loan evide.a:.ed by the Note, including,but not limited
<br /> ', � •� to, representat:.r �oncemmg Borrower'<. :�:�_�ancy of the Property as a principal residence. If this Security Instrument is on a
<br /> • . leasehold. B:;cr;:�_1 shall comply witn :,il i.':e provisions vf the l�e. If Borrower acquires fee title to the Properry, t);:
<br /> ' t�sehold and the fee titic�L•:_�not merge�c;.�ss Lender z�rees to the merger in wririn�.
<br /> 7.ProteetIon of Lei�d�:.�`:��ti�hts in the Propert`�%.lf Sorrower fails to perfnr, �lir.covenants and agreeme„zs containod in _
<br /> '�' t'.us Security Instrumene, �.r�:�:re is a legal proceedir.g rJ�•,:t may significantly affvs 1_�:c.icr's rights in thc Prc;�rty (such as a
<br /> •� f�:, praceeding in b.::dcruptcy,probate, forc�:n�emnation or forfeiture or to enforce I�.�;•:�;r r:gulations),then Lxnder may do and
<br /> `'�%;' ; Qay for whate•.�s is necessary to protect �ls value of the Propeny und Lender's r.";��•�..:a the Fn:��rty. Lender's actians mzy
<br /> � r `�r!,�� include paying •;.�y sums securod by a L:=a which has prionty over this Seruni�� ��strumer'._ appearing in court. payirtg
<br /> , reasonable attomeys'fees and entering on the Prop�rty to make repairs. Although L_s:�er may take action under this paragraph
<br /> 7,Lender aioss not have to do so.
<br /> �. � Any amounts disbursed by Lendcr under this paragraph 7 shall becomc additional debt of Borrower sccurc� by this
<br /> � . Security Instrument. Unless Banowcr and Lender�gree to other terms of payment, these anzounts shall bear intcrest from the =
<br /> " • date of disbursement at the Nute rate and shall be payablc, with interest. upan notice from l.�ttder to Bnrrower requestin�
<br /> � payment.
<br /> . � 8.hiortgt�ge Insurnnce.lf Lender requircd monga;e insursncr ac a conJition of makin�the loan securcd by this Sccuriry
<br /> Instrument. Banower shall pay ehe prcmiums requirod to maintain the mortgage insur.�nce m effect. If, for sury rr.�son, the
<br /> mortgage irtsurance covero�e required by i.ender lapses or ceases to be in effect.Borrower shall pay the premiums required to
<br /> � • obtain coverage substantially equivalent tu the mortgage insurance previonsly in effecl,at a catit substantially equivalent to th=
<br /> . � ' cost to Bomo�scr of the mortgage insurance previausly in cffect, from :ui altemate mortgage insurer approveJ by Lender. If
<br /> • , vaa��o�e Form 3028 9/fl1i
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