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<br /> ' TIN Fu� �ll be hdd in an i�tiWtion who�e ctepo�IU aro inwred by � faderd � imt�umerMdity. or entily
<br /> (iacludin�L�ender.if l�atdar 1�wch�n.in�ticuti�n)ar in�ny Poderal Homo La�n Buik, Lende�l apply�he Fu►�to pay the
<br /> ��v Itenu.l.e+�der eyy eot chtr�e Borrowu tor boldi�and applyin�the Fund�.�nnudly wlyzln�the akrow�000unt�a
<br /> verilyiry tM Burow Itan�.untat L.aide�p�y�Horrmra�intemt an tMs Fundi uKl�ppIk�ble law peraiib l,ader w n�e ach
<br /> a ch�r�e, How�cver.L.end�er auiYroqu iro Harrawar to p�y�ora-ttme clwRe Cor an iodependent real esl�te uuc repadin�sexvkx
<br /> u�ed by t.ander in �onneclion wfth thi� lom. unlec� appltc�b I�w pravides dherwf�o. Unle� an a�teement in m�de or
<br /> �ppflcablo Isw roqulrra Interect to be poid,l.ender rlull na�be roquirod w p�y Borrowe��ny intcroa�t ore�r��an the Punds.
<br /> �orrower and i.ender m�y My►a in w�itin�. however,that intenxt dudl be paW on the Funtl�. Lender�hxtl Qivo ta Bormwer.
<br /> without ch�rQe, �n�nnwl aoawntln�oi the Futds.dwwins crodiu and dobiw to the Funds�utd tha purpnt+a fix which ach
<br /> -- �� debit to the Funds was m�de.The Punds are pledg�es addi�tonal setu�Ity for all aums aesured hy thia Secudty 6�.qtn�ment.
<br /> if tMo Funds held by l.ender exeeed 1be amount�permittod to be held by�p lic�blo law.Lcnder dull ao�ount to Borrowcr
<br /> for�he exoeu Funda in�arnrd�nce wlth�ha requiromenw of applicable law. If tho unount of the Furda held by t.ender�t my
<br /> time(R not eut�icient to p�y the Bscrow Itema wha�due.Lendcr may w notify Bornower in writing.and,in wch case Bonower
<br /> ehall p�y w L�ender the u�wunt to m�ko up the deficiency. Borcower Wull m�ke up tho deficiaxy in no awro dan
<br /> twelve monthly psymento. at I.eMer'a e discrdlon.
<br /> -- Upon psymcnt le fF�l!af all �ums secura!bY this Srcur�ty lnstrument. Lemler r,FMll Qmmptly ref��ai �o Rnrmwr.� �oy
<br /> � Fucds�cJd by l.etuler.If. under ph 21.l.ender shell acquire a sell the Property.I.ender.prlor ta tho acquisidon ar salo
<br /> of tt�PropatY.shell apply�ay u�held by I.endor at tIe amo c►f�cquiaition or eala aa a crodit��i�t�ho cu�ru sxurod by
<br /> this Sea�rity Ius�ument.
<br /> 3. Hoa oi Paymenb. Ualess applicabte law pruvide:c oideswfse. ull payments received by I.ender unrler paragraphe
<br /> 1�nd 2�applied: fi�st. to a.�Y P�Yment ci�rges due un�rr khe Note�seoond.to amounts payablo under�wra�raph 2:
<br /> tRiitd, to irkeresi due;fauih.to principal due:aad lwst,w w►y lste clarges due under thc Note.
<br /> : �.C'4*tr�es;l�me.Bormwer sl�ll pay dl tues,assessments.cEu�rges. fines and impositions attrf►bivabbe to tRrePr�rty
<br /> 'which may attain pr7ority over this 5ocueity I�uurnent, anal ks�sehakt pqy�ts or�rounc!rcxets, if any. liorrowec sI�L pay
<br /> -- these obllgatiunx,in tha m�uner provided!npa�agrnph 2.or if not pi;i�i�i tl�zt n�aruier. Barea��r sAall pay them on time dit�ocfly
<br /> �-� to the person owedp�yme�r�t.Bomower siwll pramp�ly furnish to Geac�er all noti�.�of amounts to bc paid under this�.
<br /> ,�. If Horrower mnkes these�u�•mente dioectly,Bormwer sba0 promptly furnish ta I.en�er raxipts evidencing thc payments. .
<br /> Borrower shall prompdy discharge any lien which has prionty aver thia Secudty Instrument unless Bornawer: (a)�gcces in
<br /> -- wridng W the payment of tbe obligation secured by dio lien in a mwnner eaepteble to Lender,(b)contests in goad f�ith the U�en
<br />.=�' by. or defencls against enforcement of ti�e lien in. legal pra�ea�fings which i� the Lender's opinian operate to prcvr.nt the
<br />, ,� enforoement of the lien;or(c)secures tium the holder of the lieta rm agreement satisfactory to Lendee subordinating�he fien to
<br /> this Secu�ty Instrument.If Lender determines thet any part of the Property is subject to a lien which may attein priority over
<br /> _ this Svcurity Instrument,Lender may give Borrower e notice identifying tho lien. Borrower siwll satisfy thc lim or tako one or
<br /> _ moro of Ihe actions set forih above wllhin 10 deys of the$ivi�g of notice.
<br /> - S. lia�rd or Propaty Insurance. Borrow�r shall keep the im�rovements �ow existing or her�eaRer eraKed on the
<br />��y� Property insurod ag�inst loss by fire,haa.wrds includod wi�hin the term extended rnverage"sud ony other hazn�, including
<br /> �`� floods or flooding,for which Lender requires insuran�e. This insurance shall be meintained ia the amounts w�d for the periods
<br /> . ' that L�nder rcyuirra. 7ix i�unu�x�i�er pravi�iaa};tije insaiance r�hsll be chosen!sy Sornu�r st�bjrzi ia l.csdcr's apprav�!
<br /> which shall nat be unn�sanably withheld. If&xr•cawer feils to meintain coverage desc�lbed above, I.ender nwy. at I.ender's
<br /> • aption.obtain rnverage to protect[.ender's�ights ir+the Aroperty in acco�dence with paragraph 7. __
<br /> All insuro�e policfes and renewals shali be xcxeM�Yle to I.etitder and shall include a standard mortguge clause. l.ender °
<br /> �shall have the right to hdd the Qolicies A�d renewals.lf I.ender reqaaires,eorr�wer shall promptly give to Lender all receip'ts of
<br /> paid pre�h3urns and renewul nonas. ln.the event of loss.Borrowe�shall give prampt notioe to the insuronce carrier end Lerxier.
<br /> '�:�•. :'. .r Lender may make proof of loss if not made promptly by Barrower. .
<br /> -, Unless Lender end Barrower othern�ise a�tree in wdting.insurance praceeds shall be epplied to restoration or repair of the .
<br />_ �:1•• Property damaged.if the r+estoration ar repair ls ecanomlcally feacible and Lender's secudty is not lessened.!f the rcstoration or
<br />- �' f repair is not eronomically fcasible or Lxnder's securlty would 6e lessened,the insurance pnoceeds shall be applied to the sums
<br /> securod by this Ser.urity inswment, �chether or not then due, with uny excess paid to Borrawet. If Borrower abandan&the
<br /> � r��••y' Property, or daes not answer within 30 dnys a ndice from L.ender that the insurance carrler has offered to settle a claim, then
<br /> i.�nder may edlect the insurance praceeds. Lender may use the proceeds to repair or re�tore the Proporty or to pay sums
<br /> '' ,� , securod by this Security Instniment.whether or not then due. The 30�day period will begin when the notice is given.
<br /> Unless [.ender and Bamnwer otherwise agree in writing, uny applicatian of praceeds to pr�ncipal shap not eztend or
<br /> postpone the due dete oi' the mun[hly payments referred ro in paragrnphs 1 wHi 2 u� d�angc ihe amuunt uf the puyn�r��t�. if -
<br /> =- •����� under paragrAph 21 the Property is ucqaired by Lender. Borrower's right to any insarance po)icies and proceeds resulting From
<br /> ' '�'s��'�"�'� damage ta the Property prfor ta Ihe acqufsition shall pass to L.ender to the extent of the sums secured by this Security Instrurnent
<br />' ` , ti"'" immodiatel rior to the ac uisition.
<br /> r�;.��••�-•- s�� Y P 9
<br /> �� r.' :�,;�-i, .; 6.Oocupanty,Preservation,Maintenance and Protection of t6e Property; Borrower's Loan Applics�Uon; I.eusehoWs.
<br /> ��•� .'"'Y Borrower shall occupy,eszablish,and use the Property vs Borrower'x principal residence within sixty days after the execution of
<br /> -= this Security Instrument nnd xhall continue to occupy the Propeny as Borcower's principal residence for at least one yeur After
<br /> -��,�; �'°������• the date of occups�ncy, unless Lender otherwire agrees in writing, which conxnt shall not be unreasonably withheld.or unless
<br /> �?••t����;� eatenuating circumstancea exict w�ich ure beyond Borrower's control. Bornower shall not destroy, damage or impair the
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<br /> �•..•, ;, Property, albw the Pro�er�y to deteriurute, or commit waste un the Property. Sorr��wer shall be in defauit if any forfeiwre
<br />--°�'�'�"'��'' action or pra�eeding. whec�ner civil or Criminal, is begun that in Lender's g«d f�ith judgment could reauU in forfeiture of the
<br /> �^�'� •'�0'�'''t'� ,. Property or otherwise matcrially impair the lien creaned by�his Securiry Ins�rumeni or Lender's security interest.Borrower tnay
<br />- '� ' cur�such a default and reinstate,ns pmvided in pars�graph 18,by causing the acti�n or pnkeecling ta be dismissed with a n�ling _
<br /> -_ -"���a;,�;' that, in l.ender's good faith determinatiun. precludes fii�feitu�P of the Borrawer'x interest in the Propeny or other �iatcriel -
<br /> ���+i���;?';':.r�.:, impairment of the lien created by thi� Security Intitrumem or Lender's security intere�t. BoROwer shull ulso be in default if
<br />' �,;, "����;��� ' ' �- Borrower,during the loan npplication pmce�s,gavr maieriaqy false or inaccurute information or stn�ements to Lender(ar failed =
<br /> • , to provide l.ender with uny materiul inf'ormution)in cunnection with the loan e�i�enced by �he Nae, incluJing,but not limi�ed =
<br /> to, rcpresentations rnncerning Borrower's occupuncy of the Pn�peny a+A principal cesiJence.If this Securiry lnstrument is on a �
<br />' �aw^, -�- •�• -� lea4ehold. Borrower sholl comply with uU thc provisions of the lea+c. If &�rrowrr acquires fee tide �o �he Propeny, �t� _
<br /> ;,i�+;;��a,, �. :',_� IeasehoW und the fee title shull not mcrgc unless l.cnder ugrcr�to the merger in writing. -
<br /> - �:-�.-=y°-�.`� 7.Pratection of Lender's Itl�hls iu the PropeHy. If&�rrnwer fails to perform the covenants and agreementti contaioed in _
<br /> �ti��:,,,..�,...,�......
<br />;.. ,,r;:�r•.�-� .:::A;• this Sewrity lnstrumcn4 or thcrc i�;o legul pnxe�iing thu�rnuy �ignilirantly aff��t lxnder's rights in the Property(such as a
<br />.,:;;, -• �,; proceedin�in bankruptcy, pmbate, for condemnatic�n or forteiture or to enfiir��e li�ws or�gulution�), then l.erder m�y do and _
<br />���- . ��"�� �`'� �rey for whalevcr is necessury to protect the vulue of the Pmperty und l.ender's rights in the Property. L.erder's actioa, may =
<br /> — s���,- inclad�t paying any sums secured by a lien which hus prinrity over this Security Ins�rument. uppeuring in coun. p�ping =
<br /> - _�����y�� rrasoneoie at[umeys' tees and emering on tne�peny[o mnKe repairc. nicnougn �.ender mny caice acuon under[his paragrapn =
<br /> -m� ��.;;:;.,-,,�t_�� 7.Lender dacs not have to do so. _
<br />'?.;., Any amounts disbursed by I.ender under ihis parugraph 7 shall be�t�me udditional debt of Bornuwer �ct:ured by �his _
<br /> - Security Insttument. Unless Borrower ond l.ender ugree w othcr ternis of p�yment,these umountti shull bcur interYSt fmm �he
<br /> '�, ±:��;���f•:. date uf disbursement at the Note rate and shAll be payubk. with interest, upon notice from L.ende�to Bortuwer reyue+tinpt L
<br /> --�-�i y.Z�. 'r
<br /> .. ,�,..�.,:�,:�"_- PaYment. � .
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<br /> ti��.�,,...�.. 8.MortgAge Insurance. If Lender rcquirod mong�ge insunuxe us u conditiim of muking thc laan scrurai by thia S�rurity :
<br /> �•.�.a.a-.,�f;.�,if����. Instrument, Borrower shall pay the premiums requircd to maintoin�hc mongoge insuronc�e in effe�K. II', fi�r uny ma.wn, the �
<br /> �^°�•'�'�'��°''�_'"= mortgage insurance rnverage required by l.ender lupses or ri:vsr�to br in effctit. Bormwer shull pay thr prcmium,reyuirrd tu ;
<br /> =_'—`w' " ---"�"'- obtain coverage substantially equivalent to the nwrtgage insu��e prcviously in effi�t,ut u��►si substuntiully equivulcnt to thc t
<br /> _ j oost W Borrower of the mongege insurance pr�eviously in eifect, from un ultemate mortgage insurer upproved by l.ender. If _
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