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<br /> . 7'he Punds �iul! be helQ in an in�titutiuu who�e depatta �u�e inwrod by w [edel'!l�ipency,ahl�l�iy� or,�ntity
<br /> � '�. (fact�dir�L.ender.i!l.aKiar i�wt��n Instiwdo�)or inaay F�edenl Hanoe l.an�+nlc.Lender shall y►ply the Fundw tu p�tl�o ��
<br /> , P.�crow toam. Ler►der nay oot char�e Bartowor far haldi�md�pplyin�thn Fund�,antw�lly wlyzl�the e�crow eoc�wnt.or
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<br /> ' v�ri�ylns tue R�crow lt�nu��unlca L�aidrr p�y�Bormwor inter�at on�he Fu��nd kwbla Uw permha[�ader to e�l�e ri�
<br /> ( :•.��� a ch�rQo.Howova,L�etdc[tn�y�ro Bont►wer Io p�y a one-dme ch�rQe for in i t rad atate lu rcpo�iln��crvioe
<br /> -_---- u�ed by l.adar in ooiu�octian wl ihU Mm. unlexr �ppUcabte I�w providcs dhcrwfere. Unt�� m yroement i� m�de or
<br /> ' �ppUcable law snqu�rea intcrea�t ta be paid, L�I+er elwll not be rtqufrod to p�y Qorrowcr wny interat or cunin a on the Fu�. •
<br /> , , Erarrower and Letder m�y a�ree in wdtin�.howovcr, lhrt intcia�t shall be p►id on the Fu�de. Len�cr�11 a�vo ro Borrowu.
<br /> widu��t char�c. �n�nnwl w:oouding of th�Punde, ahowing crodlte and debita to tho Fun��ud thc purpwo tor which ach
<br /> _ ��' '�"�'j dabit,ln thA Funda wua mrde.Tl�t Funda ord pled�wl+�r wWitianal w�:uci�y for aU hums securerl by this Sccudty Instrument. —
<br /> lfitha.Fl�nd9 held by lrend�er exceal tlw�uaounta portnitted to be hold by�p licable law�t.cnder chaU aca�unt to'Borrower
<br /> - ! Fqr.thA,A�FwW91n iccorcance with therequ�iremante of ppplicaWa law. IP lho unount of tho FundR hold by Lender�at Any
<br /> I dmp�is�1p�saiiicirnt ta p+y the Bicrow Ite�ns whcn due.l,ender may so notity Borrower in wdting.wwi.in euch c�se Horrower
<br /> , shplh�Nyt to Lender the mnount tn m�lw up the dotickncy. Borrowor sfu�U m�ice up 1he deficiency in no mone tiWUt
<br /> �___,; twAlvo.monlhlY WYmenta.at t,ender'�s c disc�on. `
<br />-- Wpnn pryment i�tuli ot �li sumti aecured by this Securi I�t�ument. i.emier shWi prumptly rcPui�l tu I3�rownr ,u�y
<br /> � Funda hold by i.ender. If.u�cr p�ragraph 21. L.endcr ahall acqu��or�eu e��any.[.ender.pdor to the acquisitbn or saic
<br /> ' • of the P�u�erty. shall apply any Fundc hald by Len�ler at tha time of acquisition or sale�s a cnedit a�ain�t the wm�sacurod by
<br /> —� tbia Secudty Instniment.
<br /> , 3.Appik�tion ofP�yments.Uelcss epplkable law provldes wF�envise.all poymcnta roceived by l.ender under p�rag�aphs
<br /> �--- � 1 and 2 chall be�plicd: �int,to anY P�Y��chergeA duc undc�the Note: second.to amounts payable under parayraph 2:
<br /> ihird,to intcrest due:fanh.to principal due;and last.to eny late cherges due ur�de�the Note.
<br />-- — � ' 4.Clnrgaei iJe�. Borrower shall pay al! taxes.agsessments.charges.fines and Impositions ettrfbumble to tbo rtY
<br /> `�`- � �� wbiah may ettain priorfry ove�this Security Instrument. and leasehold payments or ground renta. if any. Borrower siud paY
<br />:-;,�;�'�� tite�d►ligations In the mrioner provided in h 2.or if nat paid in that manncr.Borrower�I�all pay them on dme diractly —
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<br /> . ' � ' ta,the person owedpayment.Borrowor slwl promptly furniah to l.ender all irotices of amoums to be pald under this pnraQ�aph.
<br /> - � iP Naaower ma{:es these payments diroctly.Borrower shall promptly fumish o Lxnder rcceipts evidencmg the payme�ns.
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<br /> •;, l,.. ;�`,��'�,��;'� • &urawer s{wll promptly dischruge nny lien which hos prionty over this Securlty Inst�ument unless Bomawer:(a)agrees in
<br /> '" "`''4�}µti. � wrlting� the payment of the obligatbn secured by the Nen in a manner ncceptable to l.cnder;(b)rnntasts in good faith the lien
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<br /> :.-�, ..�,,.�,;,r>>�•;.•,r:;� by. or dei�Ms agalnst enforcement of 1he lien in. legal proceodings which in the l.ender's opinion operate to preva�t Ihe
<br /> ''�'�'• ' �"`�� ' � ' � enforcement of tho lien:or(c)secures from the holder of the lien sui ugreement sa�isfactory to Lender subordinating the lien to
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<br /> • .,_��,��-.,•. �.f�� � this Security Instrument. If Lender determines thut any pnrt af the Property is subject to b lien which may anain priodry over
<br /> M:N��•"��' �•'�-- this Secu�ity Instrument,Lender mny give Borrower e notice identifying the lien. Borrower shull se�isfy the lien or take one or
<br /> � f �' I
<br /> �.J;r,.:�;;k:,��:•i;;�;;` mone of the actions set farth ubove within 10 dnys of 1he giving of notice.
<br />- �,�`��•-�' S. Hazord or Property Iagurnnce. Bo�rower shall keep the improvementF naw existing or hemsfter erected on thc
<br /> `' �`�+'"'"'' '� � '' ' Property insured AgAinst loss by fire. hezards included wi�hin the terni 'extended cavernge" and any other hazards, including
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<br />' ='` t'� '� .,�:�'� � floods or floadin Pe
<br /> �,,��;, 1 g. far which l.ender r+equires insuronce.Thia insurance shall be meintalned in the amounts and for the riods
<br /> . —;,;�;:�'�..; � � ',� LL•� � Ihat L.endtr requires. `ilie insurance camer provi ding t h e insuronce s 6 u l i b e c hoarn by S urruwci ru b j�t ta i.e n der's a p praval
<br /> , ;•; �'�*�.,..�• • •� ! which shall not be unreasonably withheld. If Barrower Puils to maintain coverage described �bave, Lender mey,at Lender's
<br /> x.'�,�' ••• . ' option,obtain coverage�o protect Lender's rights in the Pro�rty in acwrdance with para�raph 7. _
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<br /> y„�i� -�,.,;,�..„ ` All insurance policies and renewAls ghull be acceptab e to l.ender and shall include a standord mortgage cluure. I.ender
<br /> ` •�;�.,t• :y,:+'::r �r, . : shall have the right to hold�he�licies and rcnewnlec. tP L.eneler reyuires,Borrower s1�all promptly give to Lender all receipts aP
<br />:��"� '�d,�' `+�•;;:',�•' pnid premiums�nd renewal natices.In Ihe evem of loss,Bonower shull give pmmpt naice tn the insuranc�carrfcr and l.ender. --
<br /> • ,•'�'�h•`, �;;� ' ' l.ender rtwy make pm.if of lass if nat made promptly by Borrower. -- --
<br />- • U�less Lender and Horrower othenvise agree in writing,insurance proceeds shall be upplic�d to restoration or repui�of the
<br /> y, `. . . Pmperty damagpi,if the reataration ar repuir is��conomically feasible and Lender's xecurity is not lessened.If ihe restoratiun or
<br /> v' ° repuir is not economicully feasible�ir l.ender's,ecurity would be Ies,en��d, the intiuranee praceeds shall be s►pplicd tn the sums �,,
<br /> ;;f�,, . ,,, '';��;,, secut�ed by this Security Instrument, whether or not thcn due. w+th uny exrerr puid to Anrrawe�. If Rc�rrower abandons 1he —
<br /> u�.i.� � rt • Propeny,or docs nnt answer wi�hin 30 JAys a notice from l.rnder thut thc in�uranre curcier hu�affered to setUe A clAim, th�n —�
<br /> ' ; . l.ender muy collect the insurance pracecds. L.ender muy use the pn►ceed. to repair or restore the Propeny or to pay sums �
<br /> �` '�' " " " � secured by this Security Inurument,whether or nnt then due.The 30-day perind will t+egin when the noticc iti gi�•en. �_
<br /> l . - Unless L.i:nder and Borcawcr inhcrwix agr�� in writing, any s�pplicution of pnxeeds to principal tihull not extend or
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<br /> ' , postpone thc du�dnte af �hc monthly puymen�. refcrrcJ t�� in parrgr•rph+ 1 anJ 2 cir chan�tc thc umnum of the paymemti. It' �:a.-=
<br /> � � ' :�%:�' under paragraph 21 the Pmpeny is acquirecl hy IAnder, &�rrowrr'�righ�to any intiuranec�lirieti und proceeds resulting fram � ��:,'
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<br /> . ��,, . dwnage to thc Property priar to the arquiriti�n shull pas+to l.cnder lu thc extcm ol'�he sums,ecured by this Security Inatrurnem �_
<br /> �; � '�, � ' immediately prior to the acquisition. °``
<br /> .i. � , ' . � 6.Occupancy.PreservaUon.llfaintenance aad Prntection of the Propert�:&�rmw•cr's I.uun Application;l.easeholds. �.�:.
<br /> � � Borrower sholl occupy.estnblish,and utie the Pro�ny u+&�rrower'.prinripal re.iiknre wilhin�ix�y Juyti aRcr the cxc�wion uf _
<br /> " � ' thiti Securfty Instrument und shall continue to�xrupy the Propeny •r,&rrrow�er'x principul re.idence tii�ut Iwst one year aRer
<br /> � ����.� the duta of accupancy, unless Lender rnhcrwi.e ugr��e�in wri�ing. w�hinc�onkm ,h•rll ix�t he unrcu.�mably withheld. ��r unless
<br /> , �,_.;,� . ' extenuuting circumxtanms exist whirh are t►c�•onJ &►rr�iw•cr'� c�mtrol. Burr��a•er �hall n��t Je+tr��y, Jumagc nr imp•rir thc �,
<br /> •: .;: Propeny, allow �hc Property t��deteriorutc, or cummit w•r�tc �m thc Pnipeny. &�rri�e�rr+hall Ik in drfuult il'any ti�rfeiwrc „-.
<br />��!" - �;::�• ' ' ." uctian or proceeding. wh�:thcr civil ��r rriminal, iti hcgun thot in l.endcr'�k�wxl tuith,juJ�mcnt ruulJ rc�ult in IiirPeiwm�it'[he ��::
<br /> j'�; „ Property or otherwise matcrially impair thr licn crcaled by thi�Serurity In�trument u�•LenJcr',ucurity interest. &►rrow•cr muy .
<br />-.!� � ' ' ^ cure sueh a def�ult and reinstate,u�pmvideJ in parugraph I R,Ny c�u,ing�hc octiun ar pri��vxJin�t��hr di�mi�.rd with a niling : •
<br />__; + . ,, thut, in Lender's gond faith Jetcrnnnatiun, prcrluJe. ti�rtciwre uf thc &�rro���cr'� interc�t in thr Pr��peny ar ��Ihcr materiul �
<br /> ' ; � impairment of thc lien crcatcd My thi�5�wurity In�trumcnt ur I.endcr'+ �erurity intrrest. Borcu��•cr,hall •rltio lx in defuult if t,•
<br /> .,� Borrowe�.during the k�an applicu�ic,n pnxc.�.Euvr mulerially 1'ulu iir inacrurate inform:�tii,n or statrment+1��Lcnder lur tail�vi j,
<br /> =k . tu pn+vidc L.ender with any maleriul intiirmutiun)in runncr�iun with the I��an evidenccd by�thr Nute.inrludin�, hut nut limil��l !
<br /> :� ,'�. ' �o, represenw�i�ms rancerning HoROwrr'.�xcupancy��f thr Pru�xny•r.a principal re.iJencr. II'�hia Scrurity In.trument i�on u �
<br /> � . � leasehold. 8orrc�wer sh•rll camply w�ith ull Ihe pro�•i.ian� ��f Ihr Icu,c. If Bnnrnvrr acyuimti fi� tidc ta thc Pruperly. thc ; .
<br /> + ' i � ' leusehold and the fee title�hall not merge unlc+.l.cnd�r agr�c,to tlx mcrgcr in�vriting. �
<br /> r I 7.Prafection of l.ender'ti RiRhts in the PropeH��.If&�rrowcr fail.t��perfi�nn thr ru�•cnant,and agr�timcnt.cont;�in�.�f in �
<br /> .� this Security Instroment, or�here is u Icgul pr�x:�titiiing thut m:q� .rignifir:�ndy affcrt Lcndcr'.right.in the Prupcny (vuoh d�a :
<br /> .- pro��eeding in bankruptcy,probu�e. ti►r conJemnution or tiwfciture ur ta enfor�r lawr�ir rc�ulutiun.l, thcn Lendcr nu��•do und ;
<br /> puy for whatever ia nece�,ary tu pnncr� tlic vulur��f thc Pn�perly and l.ender'. righl.in thr Prupcny. Lcixlcr'.artiun� ma�•
<br />- ',.s__� �,s_,�_,.___,y__,_ include paying any sums sccureJ by u lien which hu. priority o��cr �hi, Scrurit�• Instrunnm, •rp�x•rring in coun. puyin�
<br /> M�`- — - reasonnbk allorneys' Fees a�xi cnhrinF on the Pmperty G►makc repain. Alth��ugh L�nder muy IuKC acUim unUCr tm�par�grapn �
<br /> ' 7,L,ender does not havc to do sn. �
<br />" � �� � . Any nmouMs disbuneJ by I.endcr unJrr this parsigraph 7 �h•rll hrc�nnr udditianal JeM uf &�rn���cr ��tiurrd hy thi+ •
<br />,�.' ` . Security Instrumem. Unless&�rmw�er and l.enJcr ugn�to�ithrr tcrnu.�I'p•r�•mcnt, th��amount.shall t+rar intcR.t t'n�m thr
<br /> s•� ' „ dare of disbursement rat the IVnte rntc and tihull tx: payuhlc. with intemst, uExm n�iti�r 1'mm L.rndrr ta &�m�H•er n.�yu��ting I
<br /> - ' •� ' payment. �
<br />; ^ . 8.Morlgstge Insurance. It'Leixicr r��yuir�til m�►rlgugc in�uran�s:u.�r�mJitiun uf mukin�:thr h,an k�ur��l by thi�S��uri�y
<br />' ,; Inat�ument. &.rrower shull pay Ihc prentimn+ n�yuir�til ai muinwin thr munKa�e inwrun��: in ri't�rt. 11'. ti�r an�� rca�on. the i
<br />. � � . `' mortgAge insurx�nce rnveruge requind by LcnJer I•rp,r���r cca.e.U►lk in cl'fitit. &�rn�N��r�hall pay�hr prrmiwn,rcyuintil t�� •
<br /> � �; • .,, obtein covcroge subctamially equivulent tu thc mnrigu�;c insurun�ti prcvi�w�ly jn cl7crt.�[ J l'll\I ti1lll�l:ItlIILII)'l`l+Ul�':III`tll IU llll`
<br /> ' � � ...,,, .. cost to Borrower of the mnrt�tnge intiurunrr prcviou.ly in rfliYt. Ih►m un uUcrnatr �puriKage inwrcr upprov�d hy Lcixler. If '
<br /> Mi i ,• ,,:':vS;,r'� • ' ,
<br /> .��;I. . , • Pye 7 oi� Form 3028 9I90 '
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