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<br /> 71a Pund� shdl be hcld in �n inatltutlon w1�e dep»ile ue inwred by � todenl ��ency, imtnimcmaNry. or anitS►
<br /> (idcludlna L.ander.4f I.�d'Is�It�In i�utitudon)or in�ny Foderd Homa Loiu�aank. Lendcr sball�pply the Funda to p�q tbe .
<br /> BM.�row Itp�.Lander naX,aat u�e Hornawer tor holdin��od�p1YUy{tue Punds.tnnwlly wlyzi�the acrow a000unt.a'
<br /> raityin�tlw Ekmw ltann.utda�s Lntcler p�y�Borrower intene�t on Ihe Fundu md l�ipble�uw penNu Lender W truJue a�ch
<br /> a cturae. However.Lender m�yroq uire Borrower w py a ot�e-time charge fcx en i �al atate tu rcportin�servioe
<br /> used� by�I.e�x{er in connection �ith this Iwn, unless q�ltc�blo I�w providac otherwice. Unlas �n �grownem ia m�da or
<br /> �Hcable law requi�ra i�erat w be paid.I.ader�hal!not be roquirmd!o puy 8ormwer�ny Intenst or ami�on the Fwid�.
<br /> Borrower�nd I,eridu mry �roe in writin�.howevu. tlut interat sfull ba paid on tho Fw�da. L.ender�iu11 give W Borrower.
<br /> wiUwut ciwrgc,�un anniwl Accarntin�of the Fund�,showi�crodlts an� dcbits to thc Funds nnd tbe purpose for whieh aach
<br /> debit to the Funde wws m�de.The Funda u+e pladgod as addition�l�ecu�ity for�II eums sacurod by thi:Sexudty InstnuneM.
<br /> If Iha Fund..held by L�er exceod the unounl�permittod w bo held by�pplieabie Iww.lxnder shall acoount w Borrower
<br /> for the exceess Funds in�cconianc�e with tharcq uir�apenU of appltcabla law. !f the anwunt of the Fuads held by Lender at Any
<br /> Nma ia not sufficient to p4y tho Escrow Items whe�due,Lerdor may so ndify Borrower in wrlting.and.in such case Bomower
<br /> ' :hsll pwy w Lender the�unountt�cswry to make up the doficiency. Borrowor W�all make up the dofic�rnry in no mune tlwn
<br /> _---- ---—�—' . twesivtl u�u�Mtay W�Ye�e�tts,at I.Citdcr'b soly dis�:�ctlu�i. .---
<br /> ��- Upon payment in full of all sums sxured by this Secudty Instrument. Lender shall promptly refund to Borrower any
<br /> Fw�ds held by I.endcr.If,w�der paragraph 21.Lender shall acqui�or sell�he Properiy.Lender.pdar w the acquieition or sale
<br /> of the Property,shall apply nny Funtls held by I.endor at the time of Acquisition or s�fe as a crodit.pgainat tha suma securod by
<br /> 1hi�Security Instrument.
<br /> 3.Applkatbn oi P�ymenta.UNess appltcable law prnvidca otherwise.all paymGnts raxived by I.endcr under paragraphs
<br />_ — 1 and 2�Iwll be sppliod: tirst. to any prcpayment ci�arges due under the Note; soccmd. to amounrs payable under para�rnph 2:
<br /> thitd,to interest due;fourth,to principal due;and last.w any late charges d�e under�ha Note.
<br /> 4.Cb�rgca; I.I�e. Borrower chall pay ell teues.assessments,charg�.w. fines and impositions attributable to the Prop�ty
<br />-- __ — : which may attain priority over this Securi�y Instnunent,end leasehold�ayments or ground rcnts, if any. Borrower shalS pny -- -
<br /> �=-'� these obligations in the manner provided iapaza graph 2,or lf not paid in that menner.Bortower shell pay them on time directly
<br /> ,�:;:�'� to the person owed payment.Bormwer elwll promptly fumish to I.ender all ncxicrs uf amounts to be paid undcr this parpgraph.
<br /> lf Horrower mekes these payments dlroctly.Borrower s1uJl promQdy fumish to l.ender reaipts evidencing the payments.
<br /> Borrowcr ahall prariptly discherge nny lien which hes prionry over thfa Securily Insuument unless Bomc+wer:(a)agrees in
<br /> - writiag to the payment of the obligation eecuttid by the lien in a manner uccept4ble to I.ender;(b)rnntests in goad iaith the Ilen
<br /> _ , by. or defends against enforcement of the lien in, leg�l proceedings which in the L.ender's opinion operate to pe�event the
<br />- . enforcement of the flen;or(c)secures from the holder aP the lian an agreement satisfactory to[.ender subordinatiog the lien to
<br /> i which me attain nont over
<br /> tha of the Pro is sub ect to a 1 en
<br /> ' I ment. If L.ender detem�nes t an Y P Y
<br /> this Secunty natru y P� Pe�Y .�
<br /> - this Security Instrumem,i.ender may give Borrower a notice identifying ttie lien. Horrower shall satisfy the iien or teke one or
<br />- moro of the actions set forth above within l0 days oithe giving of notice.
<br /> "l�� 5. Naz�rd or Piroperly Insuraooe. Horrower shall keep the impinvements now existing or hereafter erecteti on the �.
<br /> ' -property insured ageinst loss by fire, hazards included within the term "extendod cuvernge"and any othc� haznrds. including
<br /> = fi qs':�° ' ,fioods or iiaoding.fo�which Len�icr rcyuir�f�wu.,n�..�.TIiIS Ii15UiAih,�6�i6II IS8 iiiBiAtalilCd iii iliC Sti16Ui7iS aiid f8i ZEfC(�Dds
<br /> �' ���"� • that Lender reyuires. Tfie insurance carrier providing the insurance shell be chosen by Horrower subJert to Lendar's approval
<br /> ��.�`� ,•.r r� —
<br /> a • which shall not be unreasonably withheld. If Borrower fails to maintain covera�e described ubave, l.ender may. at L.ender's �,_,
<br /> " �:����� • '����t''"�%� o tion.obtain cavera e to rotect l.ender's ri h�s in the Prapen in uccarciance wuh a ra 7.
<br /> -.. ,�Yfl:�nj P S P � Y P� B Ph
<br /> "'"^' � . „ ,,, All insuTance policies aad renewels shWl be accepteble to l.ender and shnll indude a standard mortgage clAUSe. Lender
<br /> .f .. : ." t,;.�.
<br /> ��."•�� •a� ��•'�(�;;;�� shall have ihe right ta hold thepolicles and renewals. !f l.ender requires,Borrower shall prompdy give to Lender all receipis af
<br />-'... ,;_:a;,:.;.=.,,.:c•`.�'i:14� paid pnmiums and renewal not i ces.In the event of b,s,8onower shall give prompt notice to 1he insurance carrier and�I.e n der.
<br />"'���. ��-:�;;�„�.,,,;,,�r; l.ender rttay make proof of loss if not mnde prompNy by Borrowcr.
<br /> �,.,nw�. , . .�• Unless i.ender und Borrower otherwise agree in wnung, insurance proceeds shall be applicd to restoratian or repuir of the
<br /> �;�;,�;;.{.:.,.,;:f f*'•, PropertY dama8ed•if the restoration or repair is econ��rnically fewible and l.ender's securiry is not lessene�.If the restoration or
<br /> . _ ,.; repair is not economically fea4ible or Lender's sccudty would be lesisened,the insurance praceeds shall be applied to the sums �-,
<br /> ,R• �--5�'':,�i sxured by this Security insirument, whether or nd then due, with any excess paid to Borrower. if Borrower abandana the _-
<br /> '� �� , �•�� �'��` PropeRy, or does not Answer within 30 days u notice from Lender thut the insurance cArrier has offered to settle a claim, then --_
<br /> ��' "'"" "'""'� 'f�'��� Lender may eotlect the insuronce proceecis. [.ender muy use the prnceeds to repair or restore the Property or to pay sums
<br /> �" , :•• �•: :
<br /> _ ,.w;,,,,.;:f..,�.... ,,�;• secured by this Secu�ity laslrument,whelhcr or not�hen due.The 30-day periai will t►egin when the natice is given. —�-�
<br />-"' `� : Unless i.ender and Borruwer othcrwise ugrce in writing, any Application iif pmceeds �o priiicfp�l shall not extend or �,,_
<br /> " '-' ...•r�°,�,.�. ��;�'Yii3 --
<br /> •% � postpone the duc date af the monthly paymcnts refcrred to in paragruphs 1 und 2 or chunRe the amount of the payments. If
<br /> .} - �.,;;,•, �
<br /> � ����' :..a4i`•,�;+� under peragrnph 21 the Propeny is acyuired by Lender,Borrower'S right to Any insurunce policies und proceeds resuliing from
<br /> - ` " ��:r�•`°� dama e to the Pr rty rior to the ar uitiition shall uss to L.ender ta the extent ot'the suma Secured b this Securit Instrument ��=
<br /> ,� .., .1;;;;. ' B � P 9 �� P Y Y _
<br /> � immediately prior to thc acquisition.
<br /> , , � � ' 6. Occupancy�Preservation.Mainten�nce and Protectbn oP the Properly; ffnrrower's i�wn AppUcation;I.easeholds. __
<br /> ' .. r.... --
<br />_ .}: . � �� Borrower shall occupy,establish,anJ use the Propeny us&�rrower's principnl rc�idence within sixty days after the execution of �.,
<br /> - ,,,�� ..�,f' this Security Insttument und shull continue tu�kcupy the Property us &�rniwer's principal residence for ut leust one year af�er
<br /> r,'�� _ . . .. ..;�:;,�'. the date of occupancy.unlexs lxnJcr othcrwisc ugree, in writing, which conunt�hull not be unreasonably withheld, or unless �',
<br /> ` '��,,�� ;,,�<i extenuating circumstunces exist which are beyonJ Burrower'ti rontr�d. &►rrawcr shall not Jestroy, damage or impair the �_�
<br />_�4 T_. �,#`,,� ..,� ; .� Propeny, allaw the Pmpeny to deteriaratr. or commit wu+le un the Property. &�rrower �hall be in default if Any forfeiwre -^�-
<br /> � action or proceeciing, whether civil ur criminul, i� lx�un diut in l.enJcr's g�xxl Fui�h juJgment c�iuld result in forfeiwre of the ��*�
<br />'� ; Property or othcrwise materially imp�ir the lien rrcated by thix Sccurity In�trument or l,cndcr'..ccurity interest. &�rrower muy `�
<br /> �,� �., cure such u default and reinstate,as pnwid�in pur�Fr•rph 18,by cvusing the uctinn i�r pr�xecding to he dismisxed with a ruling �.'�:
<br /> !b• thut. in Lender's goocl fuith deterniination. prccludes forl'eiturr of thr &�rruwrr', interest in Ihe Property or othrr m;�terial
<br /> ,.s.
<br /> w ' impairment of the licn crrat��i by this Sewrity Usirument or l.endrr's security inten:st. Borcower shaN also tx: in defaull if -
<br />.3t - Borrower,during the lo�n�ppli�atian pnxes�,�tavr mulerially false ur inaccurate infomnati��n or srrtements tc,Lender(nr fuiled ;•�-
<br /> � ro provide Lcnder with any matcri•rl infurniuticml in ruonectiun with thc luan c��idenced h�•the Nate,including,but not IimiteJ r
<br /> �..:� �`: "
<br /> # .• , } tu, repreticmutiona conrcrning&�rrowcr's��rcupancy af the f'ruperty us a prinripal nsidencc. lf�hi.Seruri�y Inctrunx.nt iti on a
<br /> _ leasehuld, &�rtower shull comply with all �he provisinns of thc Icusr. If &�rc�iwcr ucyuires fer title to the Pmpeny, the �.,f;,
<br /> ��•� teusehold and the fee tiUe shull r�it mrrge unlc�+Lcixl�r•rgr��s tu the n►rrgcr in writing. � ;,
<br /> - � 7.Prot�ectlnn of Ixnder's RiRhts in thr Pmpert��.If&�rr��wcr fuils u►perforni�hc covcnant�and agreements cuntuined in ��;' .
<br /> ' this Securi Instrument, or there is r� Ic�td ruceectin��hat ma �i nificunU affert I.enJer'�ri hts in the Pro n (wch vs u ''"''•
<br /> , , �; ty b P b Y • B Y' R Ik Y e•�,.,
<br />;,�. proceeding in bankruptcy. probate, li�r cunJemnuti��n ur liirteiturc or�o rnWrce luws or rcgulations),then I.ender muy do ancl '
<br /> ' pay for whatever is neoessary to pmtect �hc valuc nt' the Praprrty •rnd L.cndcr', rights in the Pruperty. l.ender's actinns muy ,�''
<br /> 1_
<br /> `� '� - : ---'°--"- include paying any sums serur��l t+y u �ien wnicn nuc pnnruy over ini� ���curiiy inurument, nppeanng in coun, payin� ��
<br /> _�:•, �� S,��x y,:;;�=°�� reasonable anameys' fees anJ cntcring un the Pniperty ro mvke rcp•rin. Alth�iugh Lendrr m�y take urtion under this parugruph '
<br /> R- . y _.J�i"'• � `� . 7. I.endcr dn��nr have to do so. �.
<br /> ' ` An� u�r�ounts disbursed by I.eiuler under Ihix puru�raph 7 �hull lxrunx uJJiliunal debt uf &irmwrr sc�urc�i by thit �.
<br /> __;� �� �;�••�• ,� Security instrument. Unless&im�wer nnJ i.enJcr s�Er��:�o othcr�cmn ot'payment, thc�c umount. shall hcur interc.t fr�im thr r
<br /> , dute of disbursement at the Notc n�tr und shull tx payablc, with intercst, upnn no�ire I'mm Len�kr tn Burmwer requestin�t �
<br /> i
<br /> _ . : ., � , payment. r
<br /> � - " � 8.Mortg�e law�ramr. If Lcndcr rcyuinrl immgage insuranrr us u n�nditiun i�t'muking the I�ian secureJ by thi.S�xurity
<br /> �;�:=�>. •, �, Instrument, Borcower shall p•ry thc pntntium� rcyuir��J tu nwintuin thc nwnguge in�uranrc in cftect. If, ti�r any rcuum, the k
<br /> �+,�' �. mortgage insurunce covcrugc rtyuir��l hy Lender Ivpsc���r rcaseti to bc in el'fiti�. &�m�Wer �hull puy the premium.reyuin�!t�� �
<br /> obwin coveruge subslunliully��yuivalcnt a�tla:murtKuuc in,urumc p��i�►u+ly in ct'1'��t, a�a r�ixt �ubs�untially eyui��al�n� ta th� �
<br /> ,.�,� cost to Borrowrr of the mortguge insurunre previuu.ly in et�fecK, 1'n�m un Wterrwte nwnguge inwrer appruv�xi by lxncfcr. If k
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<br /> -. . P.�.z���• . Fo►m 3028 9180
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