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<br /> TAe Fund��tull be held in �n i�otltwion who� depo�lu ua inwrod by a fade�d qency. i�n yrumaitdity' �y�
<br /> . (iacludi�I.e+�da.if t�rider i�wch�n Inatltwion)or in+�ny Padei+�!Har�e L.aa�ui @+u�.�.�Ckr�hall I tbe Fu,ba ta
<br /> B�ciow Itaar. LaKiat a�AY not chv�e�Otrawar foc holdMa�nd prplyln�tha Funds.�nnwUy wlyrin�We acrow aornum.a
<br /> verlyin�tho F.scrow ltona�unla�I.,ender pys 8on+nwer Interat pn the�wids ud I��w pamiu LeMe�w m�Jce�ude .
<br /> a�e. Howaver.L�ender m+iyroqu Ire Borrower ta p�y�one•time chwrQe for m I rc�)ert�te uix rqx�rtin��crvMv
<br /> u�ad bq IxnJer in oonnectian with thf� lan. unlew +�pplic�bla law provjde+ otherwi�e. Unlesa an a�roemdnt Is mwde or
<br /> applicablo I�w requlra intenxt w be�id. I.en►kr elnll not bc roquirod to p�y Romnwer ony lntarcst or eamin �on the Furwlr.
<br /> � gonowa and [.ender m�y a�roo in writin ,hawevor,th�t intenat eli+ll bo paid an the Funds. Lender ldWl��vo to Barrowa.
<br /> withowch�r�c.w �anual a000uMing of t�Funds. r�►wing crodits and dchils to thr Fund��nd iho pu�pae for which wch
<br /> ��� debit to�he aurd�wu m�da.Tfro Funds uo plod�ed a�additional�ocurity for�II wrro sccurod by thie Security 6istroment. ���
<br /> lf the 6unds held by Lender exoeod thc uiwuntr parmiqed to bc heW by �lirablo I�w.Lender shdl�nt to Borrowor
<br /> for the aaoe�r Funds in+�coo�dance wlth thcroq ufr�ment�of�ppticahlc law. if tl�e amount of�bo Pundx held by l.er�der at sny
<br /> tima ts aot aufticknt W pwy the Escmw Itemr when due. L,ender tn�y w nutify Borrower!n writing,ud,in auch c�se Bornawer
<br /> - shwll pay to l.cndcr�hn amaunt u►rrwka up the deficiency. Borrowcr slwll rt�ake up the deticicr�cy in ro more�twi
<br /> twelvo monWY D�Yment�.at l.etider'�diccrdkm• ,—--
<br /> _____�___��_____ Upon payment In fLll of all sums sa�urod by thia Socudty Inan�ment. l.endcr aMAll promptly afund to Bor�nwer�ny
<br /> � Funds hcld by l,ender.IF,underpa�groph 21. Lender�hell acquirc or scU�hB Propeny.L.e�xler,�rlor w U�e eoquisition or sale
<br /> of�ha PropBity.slwll apply any Fu�dc hetd by Lender At tha timo of acquisition or salc ar�crcdit against tha w�m securod by
<br /> this Secu�ity Instn►rnent.
<br /> 3.Appllqitbn ot P+�ymenta. Unless applicable law provides otherwfsc, all paYments received by Lender unde�paragraphs
<br /> 1 and 2 shall be appNed:�irst, to enY P�Y�nt cherges due under the Note:second,to sm�wnts pay�ble under para�rnph 2:
<br /> thi�d. to interest due;fouAh.to principal due;and last,to any late charges due under the Note.
<br />._. s;---- 4.Ch�gai I..ians.Bomnwer�ball pey all teues,asses.sments,charges. fines ar+d impc�sitions attributable to the Propc�ty
<br /> _=- which mAy attain prlority over this Security I�uRtrument. and leasehold paymenta or ground Rnts. if any. Borrower shall pay
<br /> � these obligations in U►e menner provided inpuagraph 2.or iP not paid ln thot manner.Bomower shull pay them on time directly
<br />— to the person owad pa}-ment. Borrower shall promptly fumish to Lender all ndices af amoun�s to be paid ur�der this par�g�aph.
<br /> , ;:.�t .,,, If Borrower makes tbese paymenta diroctly.Borrower shall promptly fumish to Lender receipts evidencing the pAyments.
<br /> Borrower shAl1 promptly discliurge any Nen which has Qriarity aver this Secudty Inswment unless Bornower:(a>agrees in
<br /> wriung to the pnyment of ihe obligation isecured by the lien m u mamer acceptabfe to[.ender,(b)rnntests in good faith�he lion
<br /> by,or defends against enforcement of thc lien in. legul proceedings which in the I.ender's opinion operate to prevent the
<br /> � :. �4� enforcement of thc licn;or(c)secures from the holder of the lien an agreement satisfactory ta Lender subordinating the Ilen to
<br />- this Securlty Instrument. If l.ender determines thut siny pwt of the Property is subject to a lien which muy attain p�iority over
<br />_ ,� <,:� ;._:. this Security Instn�rnent. Lender msiy give Borrower a notice identifying the lien.Bomawer shall satisfy the lien or takc one or
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<br /> �y1�,A� more of U�e actians set fonh ubove wilhin 10 days of the giving of natice.
<br />- `, ;n1Y�`'��;:1;;.��� 5. ��d or Propetiy lasurance. Borrower shall keep the impruvements naw existing or hercafter erected on the
<br /> �.,:
<br /> w;-"•,��;��� Property insuned against loss by fire,hazards included within the term "extended covcrage" und +u�y other hozards, inclu ng
<br /> '�':€����-�';'�'''a�� �onda or tlmding. for which l.ender nequires insurance. This insurance shull be nwintainod in the amcwnts and for the pe�iads
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<br /> :ti��•.'•;, .�:'"` , thal L.ender require,v.The insurance carrie�prc�vlding the insursince shall be chosen by earrower sub�ect ro Lender's appraval
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<br /> '�,.:� -�;.,.,�..••• • �' which shnll not be unreasonably withheld. If Barrower fails 1a ntaintain coverage de.scribed above, I.ender may,at l.ender's
<br /> •� �;t, � option,obtain coverage to protect L.ender's rights in the Propeny in uc�rordance with parag�aph 7.
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<br /> �.},,..;;: ,,,, ., All insurance policies and renewafs shall be acceptabfe to LenJer und shull include a swndard mongage cluuse. Lender
<br />• :,�i`�:`,.`:13,-:'.•':' shall have the rigM to hold the Qol"scies anJ renewalK. ff l.ender requires,Borrower shell prompQy give to Lender ull receipls of —.
<br /> , �F'`f '' paid premiums and renewal nwices. In the event�►f loss, &�rrower shull give prompt notice to the insuronce cnrrier and Lender.
<br /> � � ' l.ender may make proof af loss iP nat mnde pramptly by Borrower.
<br /> , " Unless Lender and 8orrower olhe�vitie agree in writing, inxurunce praceods shull be appli«i to restoration or nepnir of the
<br /> �� , . � Property darne�ed, if lhe restoration ur repuir is cwonomically fe:uible and Lender's security is not lessened.If the restoration or —_.
<br />- � - • . repair is not economicully feasible or l.ender's security w�wld be Icxsened,the inaurunce proceeds shall be applicd to the sums
<br />_`,� . , secured by Ihiti Secu�ity Instniment, whether or not then due, with uny ezcess puiJ tci&irrower. If Borrower abandnns the ��
<br /> ��%. ' , , Property, or does not answer within 30 days u oc►�ice from L.endcr thut the inwrrnce cartier has offered to setde u cluim.then �;;_�
<br />-�, �:,a,._`:.� [,ender may collect the insurance proceed.. Lemtcr muy uye the pr�xecds t��repvir or restorc thc Propeny or ta pay sums �__
<br /> �';,. r�ecured by this Securay Instrument,whether or not then duc. Thc 30-J•ry pericxl will t►egin when the notice�s given. g�.
<br /> � --- � Unless L.en�k��and R��rcuwer nther:si�� agrcc in u�riting, wny appficatii►n ot'pn�ceccls to prineipal shall not extend or �ec_
<br /> ��� ° •;;, • �� postpone the due date of the nxmthly paymentx rcl'crr��i tu in puragraphti I anJ 2 ur change thc umnunt of the payments. If .:..�•
<br /> ^ ' ' •� "+ "� ' under paragraph 21 Ihe Pn�perty is ucyuired by L.erxicr, Borroµcr,ngh�to any in�urance p��lici�s And prcxeeds resulting fmm ��"
<br /> ' ' ' `4;1''t� . .• domagc to thc Propeny priar W thc�cqui.ition shull puss to l.ender t�i thr cr�cnt of[hc vums secured by this Sexurity Inslrument �-`
<br /> . , . immedintely prinr to the;kyui�ition. ---
<br /> ` " 6. Qecupancy, Pr�ervatbn. Maintenance and Prutection of the Prnperl��;Bnrrnx•er's I.oan Applicgllon;Le�seholds. �`
<br /> � � • " Borrower shall occupy, estaBli.rh.anJ u�e the Propeny us&�rrowcr'+prinripal re.iJcncc aithin�ixty duys ulier thr ex�tiution of
<br /> ' •�'�• this Securit Instrument und tih�ll cuntinue to�xcu Ihc Pr�� rt u�Bittn►wcr'� rinri ul n�iJenre fix ut Ieust one eur after �-'
<br /> � . :+�,:`}. . Y pY I� Y P P y �.,;�.
<br /> � : .;,:, .�;� the date of'occupancy. unless Lender uihrrwixc ugrcc+in writing. whinc�an,�nt.hall n�x tn unreationably withheld. or unles�
<br /> - ' •��,�� extenuating circums�ance� exi.t which urr bey�md &�rruwrr', cunlml. Hurrou•rr .hall not Jcstr��y, d•rmrge ur imp•rir thr �'���
<br /> 4, '�,
<br />• �, ' ,.•?t;'�.�" Propeny. alk�w thc Property tu detrriora��. or romn�it N�a.tc on thr Pruperty. B��rrowcr �hull tk� in dcf•rult it'any tixfciturc -
<br /> uctian or pracc�iing,whGher civil ur rriminal, i.hc�.un thut in Lrndrr's Ea�xl 1'aith judemrm rould re,ult in lixfeiwm uP the
<br />__ � Property or cuherwix muteri•rlly impuir Ihr lien crea���J hy this Srrurity Imirunknt ur l.ri�lrr'..crurih•imcrest. Borrowrr muy
<br /> ''•.��� cure su��h u defuult an�i rcins�atc.a�prcividrJ in paragraph 18.hy rausing thc ac�i��n or pr�xrcdinF to Ix di�mi�.�Yi a�ith a rulin�
<br /> f r . '``";"'�� that, in Lendcr's�cxx1 fuith dc�errnins�ti�m. pr«ludr. tixl'ciwrr ul' �he R��rrou•er'ti intere�t in thr Pr��peny �►r �xher mu�erial
<br /> :�. :•:�....:.
<br /> + �j impairnient uf the lien crcat�d hy thiti Srrunty In.trumem ��r LenJrr'� ���urity inlcres�. Borr��wer shall ul�u be in detault it�
<br /> � � !' Bormwer,during the loan uppliration pr�K�+., gUVr mutcrially 1'al,e��r inaccur•r�e inf��nnaii�m or titatrment.to I.ender I��r f•ril��f
<br /> , ; ta providc Lender with �ny matrriul iniormatii,n►in runncrtian"�ith thr luan c�•iJenccJ h� the Nate. inrluding. hut not limit�tii
<br /> `'- � : M,represemution,ranrerninF&�rrawrr'�ocrupanry uf thr Pr�,�xrty a.a prinrip•rl re.idcnrr. If thix Scrurily In+trwncnt i,�.n a �
<br /> ' let�sehold. &mower�hall crnnply uich ul! �hr pru�•i�iun. i�f thr Ica+r. II' B��rn,w•er :K'��uires tee title t�� ttu Property. Ute �,'
<br />': � ' •! '_ ,��•::`'-„'�'•. leusehold and the fce title shall noa mcrge unleti,LcnJcr agRrti tu�he mergrr in ariting. '
<br /> - +•:� ` ��• '' 7.Protectiuu oF Lcndcr's Ri�ghlx in thc Propert��. U Borruw•cr 1'•ril�tu�xrlbrm thr cu��enana and•rgr�ement.r�m�ain�d in �
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<br /> ;�,. .� this Security Imtrument.or there i.a Ic�al pnxecrlin�! thut muy �ignilirund�• all'crt lwnder'�right.in tlk ProEx:rt�• I�uch u��
<br /> � t. •.• .'�•� , , . praceeding in banl:roptcy, prohatc. tiir umJenmati�m ur li�rfrilurc ur 1u cnli►rce I��v.i�r rc�uluti�mal. tlxn LcnJcr may du unJ '
<br /> ' Pay for whsNever is ncreswry ���pnner� thc vuluc uf thc Pru�xrty a�xl l.cnJer'ti ri�tht. in thc Praprny. Lcndrr'�artian.nw�•
<br />. , �1-°,�=:i�'-���:r�;_ __ iMIIIfIP n�vino unv cuma �e�runkl hV a �1CII \\'�11C�1 �lU� uriuritv ueer Qll� $ltiUflly �I1tilPUlflCtll. :1�1�1C:1lIIl�'. Itl l'llprl. paYtt►F E
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<br /> -- .,�,,,, reasonnble auorneys'fces anJ enlrrin� �m the Pn►perly to m•rkr rrp•rir.. Allha�u�h LenJcr muy take ar�iim undcr Ihic p•rr•rgr�ph �
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<br /> 7,I.ender does nnt havc to do ui.
<br /> `'t • �� ' . Any umcwnts disbuned by Lcncicr unJcr �hi. paruEruph 7 .Iwll Ixti�.mr adJitiuiwl JcM uf &�rra���cr .�tiur�rl b� thi� f
<br /> . ; Security Ins�rument.Unle�s&irrawcr and l.cnder agr�� w a�her trrm.ol'puymrnt. thr.c:�m�,unt..hull tkar intcn�t 1'n�m thc
<br /> • .� ' date of distwrtiement ut �he Note ro�c and ,hall Ix payublr. ��ith imerc�t. u�m nuti��c 1'rum l.enJcr a� 8►irniwer n�yu�wting
<br /> paymeqt.
<br /> � ' 8.llto�sy{e Insurance. If Lr►alcr nyuir��i m�►ngugr inwranrr a.a runditiun uf making thc loan uYUn�l by thi.5�curity
<br /> '' ' •ti Inslrun�ent, Borrowcr sh�ll pay the prcmiwuti r��yuintil k► muintain Ihr nx►rtgaEc inwranrc m �ffitit. il', li�r any rca+un, thr
<br /> mortgage insurunce�rveruge rcyuin�l hy l.eixlcr lap.c,ur rcuu.to Ix in rl'1'��.t. BarruN¢r .hall pa� thc pnmium� rcyuinti tu :
<br /> '�` - ". � � � obtain rnvernge subs�antiully equiv�lcnt�o thc murtgo�c in.urancr pre��i�►u+ly in cl'liwt. at li cu�t ,ub.tuntiuUy ryuivalrnt �u thr
<br /> " ' rost to Borrower of the mortgage insur�n��c previausly in el'f�tit. 1'rom an ulter►utr mungugc insurer uppnw�d by lander. If ►
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