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<br /> � � 99� �'o�a�� �,�x=:
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<br /> •� Thc Fundw shnil be held in an lnstiwtton who�c deposits nre insured by u ���Rd�f Sllult u�ply thc�und.�t�pay dic ----
<br /> (includinQ Lendcr,if I.endcr is such an intititutianl or in uny Fcd�.rui H��mc Loan Hunk P �,_,•;,,
<br /> n 8scraw Items. l.ender nwy nut chnrge aorra�ver fi�r hulding and upplytng the Funds,annually unulyr.ing the e.crow ucc��unt. ur
<br /> verifyiog the��crow Items,unles.I.enJer payti Harro�ver interest an the Funds and upplicable luw permitti lxnJer tu make yuch ��=-
<br /> u chnrge. Hnwevcr, I.�nder muy requice Borr�wer t��puy u��ne-time churgc for an indcpendent reid este�tc tux rcporting nervice ___
<br /> � uticd by l.endcr in connccti�m witl� this I��an. unlcss upplirnble Iuw pruvidc�athernisc. Unless i►n ugrcemcnt ix mr�dc c�r _
<br /> applicublc luw requircti intcrest to hc puid, I.cizdcr tihull not be rcyuired tc+pay Bnrnnvcr uny intcrest��r carnings+on thr Funds. �_,
<br /> ,� ;� Bonmvcr and L.cndcr muy agrec in writiab,huwcvet, that intcrest„hull be puid on thc�unds.I..crtdcr tihull give ta Sorru+ucr, --
<br /> � without cliurgc, un unnuul aecuunting c�f thc Fundti,yhowing crcdits und dchit�;to thc Hundti and thc purp�sc far which cuch
<br /> ' '� debit tu the Funds wus mude.Tl►e Fund+urc plcdgeJ as addltInnal sccuriry far:+i!sums cecured by this Securlly I�strument. �5,:�:
<br /> � If the Fuads held by L.ender ex�red the umuunts pem�ittal t��be hcld by Applicable lu�v,Lcnder shult accuuN ta�orn�wcr
<br /> .;�.�%-` for the excess Funds in accordance with the requiremcntn of npplEcuble luw.!f the umuunt uf the F�nds held by L.ender ut any -
<br /> timn is not sufficient to puy the E4crow Items when duc.Lcttdc�may so nutify BoROwcr in writing,nnd,in,uch ca+e Burn�wcr
<br /> shall pay ta Lender tho an•munt necessary ro mnke up the defieiency. Burmwer shall make up thc deficiency in no au�re than
<br /> . : twelvc monthly payments.at l.cndcr's sole discredan.
<br /> , � Upun payment in full uf ull v�ms saureJ by�thiF Securlty instcument, I.ender+haQ prumpdy rrfunJ to Borrower any
<br /> y � Kwtds held by l.ende�.If, uud�r parugraph 21, I.ender shull acq�ire or sell the Property.I.ender,prior to the ucyuisition or sule
<br /> � • � of the Pn�perty.shall apply iuiy Fund.ti hclJ by Lendcr at thu tiiuc uf acyui�itlun ur�lc ua u craiii againsi the aumb sccurcal by v
<br />'•,+',� . this Security Instrumcnt.
<br /> 3.Appltwtton of Poyments.Unless applicable luw prnvides othenvise,utl puyments reccived by [.ender under purugraphs
<br /> � 1 und 2 shull bs npplied: first, to any prepayment chur�e,+duc under the Nate; sernnd,to amaunts puyuble under paragmph 2:
<br /> �� � . thircl.to interest due:fourth.to principal due:and last,tn any late charges due under U�e Note.
<br /> =:�±?<-`'"'-�' 4.Ghar��:L�ens. Borrower yh�ll pay aU tuxes.acsessments,char�ees, fines and impositi�mti attributublc ro the Pruperty
<br />°��°���� which may attuin priority over this Security Instrument,and lea�ehold p:�yments or graund rents. iF any. Barrawer shall puy
<br /> a�»:�`'.�� these ubltgutions in the n�nner provided in purugeuph 2,nr if not pald in tAat manner,�ormwer shall pay them vn t�c�ee ditecdy
<br />,-'--"�„'�;� �` to the person owed payittent.Bormwer shall promptly turnish to Lender uii nodceti of:unount�tu be paid under this purugrsph•
<br /> "�""'''"�' If Horn►wer makcs these payments directly.Borrower yBall pronipdy fumish to Lender r�ceipts evidencing the paym�nts. _
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<br />__� y.A;;.�T;;��,`� Borrowcr sl�all pmmptly dischargc any licn which hus prionty ovcr this Security Iristrumcnt unless Bormwcr.la)ugrccs n
<br /> - writtng ta the paym�nt of the obligution securecl by the lien in u manner uccept:sble to l.ender;(b>cantests in g�wd faith the licn
<br /> ��:;}{r' �� by, or defends a,�3i�vt enfoiremcnt of the lien in, tegnl procerdings which 1n the l.ender's opini��n operatc to prevenc the
<br /> enf�rcement of the{ien:�r(c)secr,res from tp►�holder of the tien an ag���ment wtisfactory to Lend::r sutsordinating the lien to
<br /> ,:"%;�'W4�� this Securiry instrument. if[xnder determines that any pAr't of the Pro�azrty is subjcct tu a lien which may attain prioriry over
<br />=;,;:�,• � thts Security Instruinent,I.etui!2e may give Bonower a notice identifying thc lien. Barcower shull satisfy the lien or take ane or
<br />"�='}'h��� more of tha acdons tet fanh abo�•e wlthin 10 days of the giving of notice.
<br /> ••---�=�-- 3. Hazard or Property Insurance. Bottower shull kecp thc im�ravements aow cxisting un c�reaftcr erectcd on the
<br /> - Property insured ag�in.wt loss by fire,haxanis includc�wtthin the term extended covcragc"und any athcr hazards. including
<br /> � - tlaais or fl�wding.for which l.cmder requires insurancc.This insumno�97�I�bc�nin�tV�Borroweresu�]ect to Lc der�s npprovu�
<br /> that I.ender requires.'tm�t insurance carncr N;oyi3ing:lic imurssxe -:.--.-- -- - - • °
<br /> !�=��e which shall nat be unreuwa^��lv withheld. If Barrower fails to maintain coverage described above, Lender may, at Lender's
<br /> ___=--- option,obtnin mvernIIc ta prut�t Lender's dghts in the Property in accordanc:e with paragrnph 7.
<br /> AU insurance policies und renewals shall be ncceptable to Lertd..r and shall include a standard martgA�e clause. Lender
<br /> � shall have thc rigt�t 1��hold thepolictes and renewals. If Lendcr rcyuireti,Borruu�er xhall pmmptty give to Lender all receipt�o£
<br /> ---__--:..: puid pnsmiums nnd�enewul nottces.ln the event of loss,Borro�ver tihall �rve prompt notice to the�ns�atar►�r:c�arrior and L.endtr.
<br /> Lender may make p7oof oi'loss if not mada pramptty by Bormwer.
<br /> "",� pn(ess Lender und @osiu�tier otherwise a�ree in writing. insumnce proceeds shall be npplted co nestoratton ur n:pair af the
<br /> ----- Prnperty dama�ed.if th�rc�torption or rcpair is economicully feasible ar�d Lcnder's sacurity is not tessened.If the restomtlon or -
<br />----- repalr is not economtcally feasible ar l.cnder's security would bc les�encd,thc insurance proceeds ShaU be applied to the sums
<br /> - Secured by this Security Instrument. �vhcther or nat then due, wfth ony excess paid to Borrower. If Bonower ubandons the
<br /> - I'roperty.or does not answer�vithin 30 days a nottce from I.ender that tbe insumnce carrier has offered to setde o�laim. then
<br /> [.ender may rnllect the insurnnce procePds• 1-endor muy use the proceed���P�'be°�in When the rtotice�'is�ive»� p�y sums
<br /> secured by this Security Instcument,whether or not then due.The 30-day Pi ation of proceeds to prinetpal shnit nut extend or
<br /> Unless Lcndcr uttd Borrower otherwise agrce in writin�, nny app •
<br /> postpone tlie dus date of the monthly Qayments �eferrcd to in Qaragraphs 1 und 2 or chnnge the amount of thn gayments. If
<br /> under paragrcp�►2� thc Prope�ty iF acquic�l by LendQr.Borrc�wer's nght to any insunuuc po�icies:�c►d procc�ds vesuldng from
<br /> clamago to t�ee L°'�r�,gerty priur to the ucquisitunn shalt puss to Lendcr to the cxtent of the sums securod�by thiu Sr.cunty Instrum��t
<br /> ,,�� immediateSy pri�fi to tha acquisition. I,easeholds.
<br /> ?� 6,pa�pa�e¢y,pr�;eruniian,Meintennrtce and Pruteciton oY the Propertyi,��tver's Loan Applieution;
<br />-'-��""i"� Burmwer shall occupy.eska;ish,and use the Property ac $On��ver's principal re.s�dxncz within sixty dnys after the execution of _
<br /> — thts Security Instrument and shal!continue to occupy the Propeny as Barro+'c�e�s Pn�n��Pul residence for at least une year after
<br /> d�e dato of occupancy.unless Lender otherwisc agrecs in writinQ, wh=y;�aca7+s�nt sDall not be unmason aly�aithhor�imrair the
<br /> �.s��_., ezieatssasin� t�rs�.+!a�t�necc exist whieh ure beyond Borruwer's mntr�9. Borrower shull not destroy, g P
<br /> -- psa�rt�;� u!!ow�h�Pru�rty w detcriorate. or canumt waste on �he F:u��ty. �rrnuec shs11 be in defAnit if nny forfeituro _
<br /> - uctlon or proceedi�g.whether ctvil or criminal. is begtua that �n i�:udci'�good faith 3adSment rnu�d rrcult in forCelture uf thc
<br /> _ -�"'- pr�peRy or otherwiac:mnter�ally impair the llen crcat��d�;�a�his Security Instrumcnt or l.ender's securiry interest.Borrower may
<br /> - _ ¢ure such u default and reinstate,us provided in parcigraph 16.by causing the action ar psoc�cecling to be dismissed with a�uling
<br /> - that, in L.ender's good fuith determination, pmcludes forfeiture of the Bocrower's intemst in the Property or other mnteriul
<br /> impairment oS�tn lien rre�+ted by th{s Seruriry (nstcument or Lend•�r's security intecest. Bornower sh�tl also be in detault if
<br /> -°-�_-�;_-`�, Bc�rrower,during th�loan applirrtton process.guve mnterially falsc o•r instccumte information or statements to L.ender(or failed
<br /> --��-.�� to provjde l,�ndcr�vith�ny matcrial informutionl in�ronnec►ion with the loan evidencad by the Note.inctuding.but not limieed
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<br /> �����R�,��;' to,represenk�teons conccrn�rg Bnrrower'�cx�cupancy of the Property us n principal r�idence.If this Seairiry Instrument is on n =
<br /> -°�`;"'• (easehotd. �zm.r•rower shull wmply with all the provisions of the le:isc. lf Borrower acquires fee tide to titv I'ropetty the
<br /> -�"�"�%�� leasehold a��d eFe feo title shup not merge unless l.c�ndcr�+grccs to t}:�merger in writing. _
<br /> �=��-'*�� 7.Pt+aimction u8 Lender's Rights in the Property. If Barn�wrz 9:Si15 to perfacm the covenants und ugroements cont�ined�n
<br /> � this Security Instrument,or there is a legut pmcxeding that may significantly uffixt Lcnder'� rights in the Property(sud�as a
<br /> �. r� ptocceding in bankruptcy,pr�batc, for rnndemnution or forfcitun:or to eniorce laws or rcgulations),then Lcnder may do und
<br /> '���' ` pay for whutever is ncceswry to protect the value of the Propeity�in�Lender's ri�hts in the I�roperty. Lemler's actions may
<br /> '�'����� inctudc navinu any sums ,crun� by u tien which hus priunty ovcr eh�w,.�t�.�i�r�m,ven�nlceaaeti�un under this par gm�ph
<br /> `�-�".. rr:�eonab�e uttomcys' fccy and cntcnn�on�ne rruporiy iv nuxnc«pa..o.......--o----•---- �
<br /> _'--•,�� ��
<br /> �+'n'?w' T,Lrnder does nut hnvc to du no.
<br /> '`'"" �'� •�;i Any :unuunts di.bursed by Lender under this pu►agraph 7 shall become iidditional debt of Harrower eccured by ihis
<br /> F'; ., .r�...
<br /> � �?�•��'� Security Instn�ment. Unlc+�Barr��ver and l.ender ugrce ro��ther tcrms of�.�yment, thcsc umounts snaU bear intcrcst from the
<br /> :�-� fxµ dc►te of disbur,crrrent at thc Nntc rate nnd shatl bc paynbte. with intcrc.t,upun notirc fmm I.cnder ta Barrower rcqucsting
<br /> , . payment.
<br /> ':,., • , g.l!'�o�4�;c�e Imuranre.It'I.cndcr rcyuirod mod�agc insurancc�.5 u�wixlition of makinfz thc I��an sL�rurcd by thl�Sa�ur ry
<br /> `:_ . .,. instn�ment. Borruwcr�vNr•11�c rc uiml bmLcndett 1 p�c�or�ca��c��n bc�intt(f�t�&rn,wi:r�h It�y thcf pmmiuni rcqu rcii tn
<br /> • • �nort�;�},:e in�unmr<« c a� y Y
<br /> '" obuiin covcruge�ub+tantially cyuivulent tc>the ni�mBuge insur,inrc previoutily in effect,ut a��u+t sub�tantiully eyuivutent tu the
<br /> _ ~f� .t�� y �i,�� �����m�a.cr oP the r•iartgagc in+urance prcviuusly in effcct. 1'n�m�n ultcrnutc mortga�e intiurer appnwed by Lendcr. If
<br /> • y ,t;' ' � vo�����e Form 30Z8 9I90
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