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<br /> � Thc PunJs rhull hc hcicf in an intititutiim whotic deposits urc insurc��a fcdcrul u�cncy,mtitmmcnt�dity. ar entity ����
<br /> (inrluding l.tindcr,it�l.cndcr is+uch iin institutionl ur in uny Fcdca+l Homc Ie�un Bunk. l.c��d�r ahi�ll ap�ly thc Fund.ti t��pay thc �,.,
<br /> ��rmw Itcmx. L.endcr mny not clu�rgc pt�rrowcr far h��lding und upplying thc Fundti,unnuully unalyrinR thc curuw uccaunt.or _
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<br /> ` verifying thc F.�crow Itcmy,unicss l.ender puy�+a��rruwcr intere�t an the Punds und upplicublc luw perm�t+I.endrr to mukc�uch � ^
<br /> � u chur�e. However. I.ender muy reyufre Burr�xver a�pay u one-timr churgc for un i�x�eFendent reul�stute tux re�x�rting service !,__
<br /> •• useJ by l.ettder in cunnectii�n wi t h this loun, unless c�p�licublc law pnwider othc�wixe. Unle�:�an agrcenunt i� made ur �y..
<br /> " s upplicublc luw rcquirc�intemrt tn bc puid, L.endcr yhall nut bc requim4i t�►pay&�rr��wcr uny intcrcu��r e�irning5 on thc Fundti. _
<br /> Burmwer und Lcndcr muy u�mc in wrlting. ho�vevcr, thiU intcrcst shull bc paid on Qic Fundti.I.cnder shull givc ta Born�wcr, _
<br /> �, " . withaut chiirgc, un unnuai accountiug uf th�Fuiid,, sho�ti�ing crcdits and dchit. to thc Fund� nnd ihe purprnc fur which cach �__:
<br /> ' dcbit tu thc�unds wus muda Tl�c Funds urc plc�lgcd ati uddittumd scrurity for ull sums sccurcd hy thn SecuYity Instrument.
<br /> � If the Fundti held by I.ender excced the umou�it�+permitted to be;held by upplicublc lu�v. I.ci�ciershall uccount to Barrower
<br /> fi�r thc cxcers Funds in uccorduncc with the mquircments uf upplicubie Inw. If thc umount nf thc �mnfs hcld by I.ender ut uny --
<br /> :'�� time iti nut sufticient ta pay the E.cerow Items when due. I.ender may so rtotify Sorrower in wrltinE;.�nd.in such cu+e Borreswer
<br /> � f ��!"� shull pay ta l.ender the amount necessury to mnke up the deficlency. Borrower shall mnke up thc de�cicncy in no mare thun
<br /> ' � twelve monthly paymentti.at I..ender's tiole discretion.
<br /> Upon payment in full af nil sums secured by this Secudty Instrument, Lender shull promptly refunJ to 8orrawer any _
<br /> uf thc ProJeryt t sl ntl�If.'u ad'rFUr�h Id by L�.�endcr•at��the thne of ucyutis tionrup sslc u+a crcdit again+t thcC um.rtsccurc by
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<br /> ' thig Security Instcumcnt.
<br /> � 7� 3.Appltcntton of Puymentx.Unless upplicuble luw provldes otherwise,ull payments rcreived by L.cnder under paragrnphs
<br /> 1 and 2 shall bc upplied: fic�t.to uny prepayment charges due under the Note;second. ta umaunts payuble under pamgraph 2;
<br /> � third,to interest due;t'ourth,to principal due;and tast.to uny Inte churge.g due ureder the Note. —
<br /> 4.Chnr�cs;Llens. Bormwer shall pay�ll tnxes. c+ssessments.charges. fincs und imposltions attrlbutable ta the Property
<br /> � which may atwin pr[arity over this Secunty Instrwnent, und tcaschold Qayments or ground �ents,if any. Borrower shall pay
<br /> these obliguttons in the manner provlded in parugraph 2.ar if not paid in that mnnrter.Horrower sh�l puy them on time directly
<br /> to the person owed puyment. l�omower shtsll promptly fumish to Lender ull notices of amounts to be paid under this parngraph.
<br /> If Borrower makes these paymPnts directly.Borrcawer shall promptly fumish to L.endcr recetpts cvidmcing the payment�.
<br />- , � Borcower shall promptly disc:harge any[len which has pr�ority aver this Securiry Instrument uniess Borrower:(u)ugrees in
<br /> -• writin�to the payment of the obli�ation secured by the Uen in n manner ncceptable to Lertder;@) contesu in goad fuith the Hen
<br /> by. or defends against enforcement of the lien in, legul praccedings whtch in thc L.endec's opiroo�operate to pmvent the
<br /> enforcement of the lien:or(c)securcs from the Dolder of the iten an ugteernent satisfactory tu Lender subordinaxing tD►e lien to
<br /> ` this Secudty Instrument. If Lender determines that any part uf the Property is subjert ro u lien which may attain priority over
<br /> t thia Secudty Instrument, Lcnder mny�ivc Bonower a notice identifying the Iten.Eorrower shetl �etisfy the Ilen or take one or
<br /> more of the uctions set fnrth above wlthin 10 days of the givin�of notice.
<br /> � g� Hn�rd u� propzrty Insurunnce. Borrower shaU keep the improvemen�4 naw existin�or heoeafter erected on the
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<br /> .�._. " I�ropeRy iRSUred against lass by fm. hazards included wlthin the urm"extended coverage" and a�y other huzards. includ ng
<br /> `;;i;;;'"..--�•". floods or tlaotiing, For which l.ender requires in�ur�i�e.T�is i�uraace st�!!be rs+.alntalncv! in�he amnunts and for the perlods
<br /> :: that I.cnder requires.The in,r-umnce carrier providing the insurance shnll be chosen by Bornower subject to L.ender's approva!
<br />�ti%�°'��� �'...`�' which shull not be unreasonably wtthheld. If Borrower fnils to maintain covecage described above, I.ender may, at Lender's
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<br />=-�:»;-�.: a, option.obtuin coverage to protec�Lender's rlghts in the Piroperty in uccordartce with paragmph •
<br /> -'���'��'^ Ali insurance palicies and renewals shull be acce cable to I.ender and shall include a stendard mortgage clause. Lender
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<br /> ="�:r�s~.�7 shall huve the right to hold the polictes and renewnls. I Lcndcr requir�,Borrower shull promptly give ro L.ender ull reccipts of
<br />�,;,,-;;�a;:;`;, paid premiums and reeevaal natices.In the event of loss,�3orrower shall�ive prompt rtottce to the insurance cerrier and Lender.
<br />_�����'��Y� L,ender may make Proof of loas if not made promptly by Borrower.
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<br /> Y.,� Unless Lender and Borrower othenvise ugree in wnhng,insurance pmcceds shall be upplied to restoration or cepair of e
<br />=��'t:���;* p�,openy dc+�naged,if the nstoratton or repair is economicxlfy feasible und Lender's securiry is noi IasenPd.If the restoration or
<br />- ` � � nepalr is not economicu1�Y feasible or Lender's secudty would be lessened,the insumnce pr�cis shall b�applied to the sums
<br />-__���r°�y secured by this Secudty InstNm�ent. whether or not then due. w[th uny excess paid to Borrower,if Borrower abnndons the
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<br />-.,-.:���� p r ope rt y,or d o e s n o t a n s w e r w l t h i n 30 da ys u nottce from I.ender that the insurance carrier hes offered to settle a cluim, ers
<br /> ""�`� Lentler may oollect the insuruce procceds• I.ender may use the proce�ls to repair or resmre �he P roperty or to pay s u m s
<br />"'�~"---- secured by th�s 5ecuriry InsteumEnt,whether or not then due.The"s0�day perlod will2�e�in when the nodoe Is given.
<br /> T�''``�``s='�� U�iless Lender and Bc�r ro�ver otherwtse ugme in wrltins. any uppltcution of praceeds to principat shull not extend or
<br /> w'�"=-"�� postpone tl�e due alste of the monthly paymenGs refened to in pura�rnphs 1 and 2 or change the amount of the ptsyments. If
<br />�- under paregrrrph 2� the Property is ucquftrd by Lender,Borrower's nght to any insurance policicsend pnx�eods t+esulting from
<br />;_.��:��.o damage to the Property prior to che acquisitlon shall pass to Lertder to the cxtent of the sums secured by this Secur�ry Insuurt►ent
<br /> - '-''?�� immediately prtor to tf�e ucqufaition.
<br />�'"��?!s;:�� 6.Occupuncy,Preservation.Mntn3enance and Pmtectian oY the 1'rope�'ty;fl�orrower'e Loan Appltmti�n;lLe�sehokls•
<br />--�=�>��� Borrower shall occupy.estabHsh.and use the Property as Borrower's princtpal msidence within�ixry days ufter thc execntion of
<br />-= � this Security Instrument and shall continue to occupy the Propercy as Bnrrower's principal residEnce for ut lea.9t one yeur nfter
<br /> -�""�i'°' the dute of occupancy,unless Lender othenvise agrees in wdting. which oonsent shull net be uc9Beasanably wlthheld.or unless
<br />'�'�'�'''�"f° extenuatin� circumstiu►ces exist which are beyond Borrower's control. Borrower shall not dcitroy, dnmuge or impaie the
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<br /> .�;.'e.'�a property, aliow the Properay ta deteriorute, or cummit wustc on the Properry. Bott�wer shall be in defuult If any forfe t�re
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<br /> _;,��„� uction or proceeding,wheth�r civil or crtminat. is begun that In Li:nder's good faith judgment cald resutt in forfeiture o e _
<br /> 1�' � pcoperty or otheYwise materialiy impair the lien crented by thts Security Instrument ur l.ender's saurity interest.Borrt�wer may
<br /> - - - - =� wru�uch a defaut�s►c►d reinstete. as pmvided in pacagraph 13,by causing the Qctian or p��ing tn t�e dismisse�with u rulfn�
<br /> .- � thut. in L.er�der's good fuith determinntion, precludes torfeiture of the Horrower's interest in the Property ur uU�er uu�teriat
<br />=; �.�.�;��`• . impairment of the lien creuted by this S�cur�ry Instrument or Lender's security interest. Borrowrr shnll also be in defaulc i4'
<br />"r=���=' �=� `� � 8orrower,during the loun npplicutian process,gave materially false or inaccurate information or sutements to Ixndor(or failec�
<br />`:,,'%`;;�;�.-,�,--,� to�rovide Lender with any muterial informntton)in cuRnestton with the loan evidenced by the T+io�e. including.but not limitod Y
<br />;�,t:� _ co,representattons ecmeeming Borrower's occupancy of tPaa Property as u principal residence.If this Seeurity Instrument is on a
<br />�r;�. � -�_.~`. ,. leasehotd. Borrower shalt camply with all the provisions of the leaxe. If 13orrower acquirzs tee titic to thc Property, the �
<br />-•`��.... . :.,;;��•'�; Ieasehuld nrtd thz fee title shall not merge unlcss Lender e�rees to the mevger in writing. -
<br />.��%' ' ' �: 7.Protection of Lender's Rights in the Propecty.If Borrower fai➢s to perForm the covenmmu and agreements contairtod in
<br /> "`'�', '�t this Security Instrument,or there is u legnl pcocceding that may significnntly affecE d.ender's righ�s in the Property(such as a
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<br /> ,;•;. �- pron,�eding in bunkruptcy,probate, for condemnation ar 4'orFeiture or to en�force laws or re�ulations).then Lender may do an
<br /> - -r.��'1•' �., r�r whatever Is neoessar5'to prc�tect the vulue of the Property and Lendcr's rig7zti in the Propertya LeQd;r'�n�c�t�ion�m�
<br />' . �=1� '. �11C�11dC pIIytlt$ 3lly FUt115 SCCLLC� by fl Iten weicn itas prioniy a�vq wia .�...�•y ..�....r».---.–rr----o
<br />- � � • rc,asonable nttorneys'fec.w cind entering on thc Property to malce repairs. Aithough I.ender may take action under this paragraph
<br /> i. �, "..,.. 7,Lcnder d�es not have to do so.
<br /> � Any amounts disbursed by Lender unJer this parngrnph 7 shnll become udditionul debt of Borrower secured by this
<br />- ' ' ' Scxurity Instrument. Unless Borrower und Lender ugrec ta other tcrms of payment, these amounts shall bear interest from the
<br />_ - „ ' datc of disbursement ut the Nnte n►te und shall be paynble, witli interest, upon notiCe fram I..ender to Borrower requesting
<br /> -. .. payment.
<br /> " 8.Mn�e insurunce�If Lender required martgage insurance As u rnndition of ms�lcing theloan scxured by this Security
<br /> ' instcument, Borrower shnll p�y the premiums required to m�inwin the mortgnge insurnnce n'n effect. if, for nny mason. the
<br />- ' m�rtguge insurunce cbveruge reyu[rcct by Lender I:►pses or crases to be in effect.Borrowcr shnll pay the prcmiums requfred to
<br /> a.. " obtain coveraIIe substontinlly equtvulent to the mortgage insursnce previously in effect.nt u cust�ubstantiully equivnlent to the
<br />- �� rnst to Borrower of the modgage insurnnce previously in effcct, from un ulternute mortgage insurer upproved by l.ender. If
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