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<br /> The Punds �ll 6o held M An institutian whoae depc��ita ue insurad by a feae�I �gency. inurumontalfty. or enHty
<br /> — (irciuding Lender,if Len�ler lx sush an inbtitutiun>nr fo any Fedcral Hamo l.oun Bank. l.ender shrll apply tix Punds t�pay the
<br /> -- F,�crow Itemc. Lender mey not char�o Borrower for Iw�ding and Applyin�thc�unds.annuolly anelyzing the escrow wacount.or
<br /> vedfyin�the Prscrow Items.unitss T.ender paya He�rrower interert on the Pund:and a licable law permils Lend�r to rtuke�uch
<br /> scro
<br /> � a cdr�e.However. Lender mayroqui�c Borrower to p�y a anatime chuge far�n i ent n�l�st�te wx reportin�scrvlce
<br /> usod b Lrnder in connection with thi� loan. unless ipplicable law provides otherwica. Unlesc YII N��OClIiC1U Ia IIIY�IE O�
<br /> - Borrower and Lender may agroe in wdting,however. t nterrst s I be pnid nn the Funda. Ti.e er a � g ve ta rrawer,
<br /> - without charge,an anmwl accounting of the Funds, shawing crodit�aid debits ta che Fundc ard the putposo for which e�h
<br /> --— debit to the Funds was made.The Funds an pledged es additionel securlty for all sums socurad by this Secu�lty Insirument.
<br /> _=, /f the Funds hetd by L.ender eaceeJ the u�nountn permittcd to Ix;hcid by applics�blc luw,lw:ndcr shall nccount ta Borrower
<br /> - for Ihe exoas Funds in accordance with the requiromenta of applicable IAw.If the amaum of the FundR held by Lender at eny
<br /> ' time ia not sufticient to pay the Escrow Items when due,[.ender may co notify Borrower in writing,and, in such c�se Borrower
<br /> �W� shell pay to l.en�ler the amount necessary to make up the dcficiency. Borrowcr�h�ll makc up[ho deficfency in na moro thqn
<br /> ��_�� twelve monihly payments,at L.ender's sala discredan.
<br /> ��,�..��t� Upon payment in full of all sums�secured by this Security Instrument, Ixnder shall promptiy �cfund to Borrower any
<br /> Funds held by l.c�xkr.If,under�graph 2l. i.ender shall acquire or sell the Propeny. l.ender, prior to tha ocquiaition or riaale
<br /> — �""""'-"'-""=="`==� oP the Pmperty,shali apply any unds Ixsld by LendBr at tho tinw of ocquisitfon ar sale as a crWit against the suma serured by
<br /> ,�• ,��� thls Security Instmment.
<br /> S�ti � 3.AppUcallnn ot Poyments.Unless applicabla law provides athenvisc,ull paymentR recetved by Lender under paragrzphx
<br /> --- 1 and 2 shall be applied: first. to any prepayment charges due under the Nota; secand. to amounle payable under paragraph 2:
<br /> �"s'��"-"�"° third.to intere�st due;fourth.to principal duo;and last.to any late charges due under tho Note.
<br /> :';� A.C6a�ges;Liens.Borrower shall pay all taues.assesaments,charges, finas and impositions attributable to the Prop�rty
<br /> which may attain p�ority over this Security InstrumBnt, and leasehald paymenis or ground rente, if any.Borrower ahall pay
<br />-' '�., these obligatbna in the manner provided jnparagraph 2,or if not paid in that menncr,Borrower sMall pay them on time directly
<br /> ,,%�}�;tr� to the porsan oaed payment.Borrower shali promptly furniah to L.ender all nutices of amounla w be paid w�der this paragraph. -
<br /> �,,� � �„ � If Borrawer makes these payments diroctly,Harrower ahall pramptly furnlsh to l.ender receipts evidancing the payments.
<br /> „ �`;;,��'''",�'�'�;,it•1��<t Bomnwer shall promptly dis:harge any lien which bas priariry over this Secu�ity Instrument unless Borrower:(a)agrces in
<br /> ;,;,��.-,;1.•,�;� ,;�.��+�••� writing ro ihe payment of the obligation secured by the lien in a manner acceptable ta Lender,(b)mntesls in gc�od feith the lien
<br />� • -'s;r;��°���'� k't{; ; by, or defends against enfarcement of the lien in, legal proceedings which in the I.ender's opinion operate to p�event the
<br /> �`.?�(:N•� 4�•.'.°�<r� enforcemeat af ihe lion; or(c)secures Prom the holder oP the lien en agreement setisfectory lo L.ender subordinating the lien to
<br /> '���jJ�'� this Security Instrument.If L.ender determines that any part of the Propeny is subiect to a lien which may attain p�iodty over
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<br /> • ' this Securily Instrument.Lcnder may give Barrower a notice identifying the lien.Borrowcr ehell setisfy thc lien or teke one or
<br /> ':;t; ..� � more of the actions set fonh above within 10 days of the giving of notice.
<br /> S. Hiwtrd or Property Insurance. Borrower shnll keep the improvements naw existing on c�reafter erected on the
<br /> ,��.. �,.• � , ` ��� Property insured against loss by fire. hezards included within the term "extended coverage"and ony other hozards, including
<br /> (;, " ' floods or tlooding, for wbich Lender requires insurance.This insurance shnll bo maintained in the umounts and for the�eriods
<br /> ° ;`��'`,�.;t.�.:�;.�;�y'., that L.ender requires.The insurnnce carrier providing the insurance shull be chosen by Borrower subject to Lender's approval
<br /> , : ,- . .. -� which shali not be unreasonabiy wilhircW. Ii Bc�muwcr iailn iu uiaiiHaiu�ovnragr d���ibCJ elwva. i.e�er ntay.ai l.endef's
<br /> ' -� option,obtain coverage to protect Lender'�s�fghts in the Property in accordu�ce with parugruph 7.
<br /> All insurance policics and renewuls shall be acceptc�ble ta[.ender and shall lnclude a stundard mangage clause. Lender
<br /> � .��, shall have the right to hold the policie�nnd renewals. If'Lender requlres,Borrower shull promptly give t� I.cnder all receipts of
<br /> � paid premiums and renewal naticeti.In the event of loss.Bnm�wer shall give prompt natice to�he incurance curriar and L.ender.
<br /> l.ender may make proof of lasti if nat made promptly by B�xrower.
<br />:`� Unlcss I.ender and Borrowcr atherwise ngree in writin�, insurance pnxeeds shull be upplied to resloratiun or rcpair of the -
<br /> - Pmperty damaged,if the restoratian or repuir is economically feu.vible and l.ender's security is not lessened.If the restoratian ar -
<br /> k� ., �� • repair is nut economically feasible or Lender'�xecu�ity would be Iessened, the insurunce praceecis shall be uppliud to the sum�; _
<br /> !.; secured by Ihis Secu�ity Instrument, whcthcr or not then duc, witb any cxcess puiJ to Borrower. If Bcxrower abandons tha
<br /> � � � � Property, ar daes not answer within 30 duy�u nntice from Lender thot the insurance currier has offered ta setUe a claim,thon
<br /> ��'�• ' I.ender may collect the inr�urunce praceeds. Lender muy use the procreds to repuir or n:ston: the Propeny or to pay sums
<br /> �'� secured by this Security Instniment,whether nr not�hen duc.Thp 30-day period will begin when the natice is given. -
<br /> `°''" • ' Unless L.ender und B��rrower otherwise agree in wriUn�, uny appliration nf praceecis to principal sholl not extend or ._'
<br /> � . � pastpane the due date�f the manlhly paymcnt� rcfcrred t�� in purugruph+ I und 2 ur chunFe tt�e amount of the paymente. If _
<br /> ; �•'�:�;:' � under parugrnph 21 the Propeny i�acquired by Lcnder,Borrnwcr's right to uny insur.�nce policies und praceeds resulting from
<br /> . ' damage lo Ihe Property prior to the arquisetfon shull puss to Lender to the rx�ent of the.r•ums ucumd by tbis Security Instrument
<br /> „ ` immediately prior tn the acyuisition.
<br /> �� 6.Occupancy� Preserv�tion. Malntenance and Nrntectlnn of the Property;Borro�rer's I.�wn Appllcation;Leaseholdc. _
<br /> �, •� � Borrower shall occupy, estuhlixh.unJ utic the Propeny a�&rrruwrr'+principul re.idencc within sixly duys after the execution of
<br /> tbis Security Instrument and shull r�mtinuc I�i�xrupy the Propeny a.&irrowcr',priikipLl residcik� fi►r at lea,t one year after -
<br /> " . � � the date of cecupancy, unlctiti Lrndcr a�herwisr ugrceti in writing, whirh runxent+hall n<�t be unrca�unubly withheld, or unless _
<br />';,t? extenuating circumstances exixt which ure Ikyotxl B�►rruwrr'� comrul. Burri�wer +hull n�x Jc�uay. Jumuge ��r impair the =.
<br /> :.•;�.. � Propcny, allow the Pmperty to Jclrriuratc, ur rummit wu+tc on the Pr�ipr.ny. &�rrowrr�hall hc in default iF any forfei�ure _
<br />`•� i:,� ' � ° uction or prorec�iing,whether civil ur rriminal, i.Me�!un that in Ixnder's�axi I'aith judEnum c�wld rc.rult in forfeiture i�f the =
<br />��`'� � Pmperty or otherwisc matcriully impuir thr licn rrcutcd My thix Sccurity Inctrumcm ur LrnJer'..ecurit��intcmtit. &►rrowcr may .-
<br /> 4.�{.�
<br /> � � • , �� �� cure such A dcfault and r;instate,us pruvid�til in paragruMi IR, b�•cuusing the ur�iun or pr�w���ling w tx dismis��til with u ruling -
<br />�"�•� ��� ; , .. that. in I.endcr', gcwJ 1'�ith dc�rrminutiun. pr��ludc. forl'citure ��f thc BoiTUwcr'. intrre.t in thc Prnperty or iithcr matrrial
<br /> ! � impairnient of Ihc lien crcatai by thi�Security In,irumcnt ur LrnJer'ti .rrurity imrrc,t. Barn�N•cr ,hall ulu�Ik in dcfault if ,`
<br />�, �: c;�•;. &►nower, during the I��un application pnx:c�+.gavc mulcrially tidse or in:KCUratc inliirmuliun ar tiiatcu►ent�tu l.ender(iir failed
<br /> ra; , , . to priivide LenJer wilh uny mutcrial infiirmaliim)in c���mcclion wilh Ihe losm c��iJenr��l by thc IVute, inrluding,twl nin limittnl j
<br />-'� t��,reprehenlutinns roncrmmg Borrower s occupancy uf thr Propert�•a�a priix:ipal rc�iJencc.II'chi.S��urity Intitrument is on u I
<br /> • ' IeascholJ, Borruwer shall ���mply wilh aU lhc pr�wision. uf Ihc Icasc:. lf Bormw•cr ucyuirc+ fce titic to thc Pr��peny, 1he �
<br />� :' < < leasehold and thc fce tiUc�hull not mcrge unlcsti I.cnder n�rec,t�i Ihe mcrger in writing.
<br /> i ; 7.Protectinn of Lrnder's Ri�htr in the Property.If I��rrawcr 1'ail.t��perfiimi thr r�►vcn+m��und ugrecmenls amtainnl in
<br /> . � this Security Instrument,or there i�•r Icgal prcx�ti�Jing that m�y signiF'i�•rntly uffcrt Lrnder'.righi. in the Property (xuch us u
<br /> . procecdinF in b:u�kruptry, probutc, fur r��ndcmnutiun�►r liirfciturc or io entiirrr law�or rc�ulutiun,>, Ihcn l.cndcr muy do und
<br /> � „ , pny for whatever is neceswry to pmt��t Ihc valuc of thr Prupeny unJ Lcrxlcr'�rikht� in thc Property. l.cndcr's uctiom muy
<br />'� � ' � � include paying ony �ums kcur�-d My u licn which ha� priority �wcr this Sccurity Ins�rumcnt. uppcaring in court, pnying
<br />��.r.; reasonable suurncyti'fee+atxl cntcring un the Prupchy ta nwkc repairs. Alth��u�!I►l.rnJrr muy luke urlian unJer this parugraph !
<br /> 1 y •. 7.�.enucr dcx�not navc to ao so. �
<br /> -ti� �� „ Any sunountti di�burxed by Lrndcr undrr thi, p•rrligrrph 7 tihull bec�mir aJJi�iunal Jeht of &irroa•cr .�wureJ by thi, R
<br /> F , r Securiry Instrument. Unlex. &�rrow•er and Lendcr•rgr�ti tu othcr tcrim ol'paymcnt, U�r,c amounl�+hull lxar intrrest fn�m thr I
<br /> � date of disburxmem ut the Note rutr und +hall tx� puyublc, with imerext, upun n�xirr 1'n�m Lender 10 &�rn�wer rcyue+linE I
<br />�'r�', .� payment.
<br />' �i;., 0 8.biortRaRe Insurance. If LenJcr rcyuintii m�►ngu�r inxurunrr us a runditinn ul'muking thc luan�rrurcJ hy�hi�Srrurity i
<br /> * , lnstrument. &�rrower shall p�y thr premium. rcyuir��J �i, n►aimuin thc nwrt�!agr inwranrc in nc�rt. It'. ti�r vny rra,�m. thr
<br /> morlgu�e insuruncc�v�vcruge reyuinKl My Lendrr lap�r,ur rc•r.e.tu F+r in efl'�r�. 13�►rro�v�r �hull pay dte premiwm reywltJ t�� �
<br /> " . obtnin covemge yubstuntiully cyuivalcnt to thc mongugc in�urancti pnvioutily in clTiyt. ut u cn+t tiub�tantiully cyuivalem tu thc
<br />� ��+ � � rnst to Born►wer of the mongogc imurunce previou.ly in cl'fitit, from un oltcrnut� muhgugc inwrrr appru�•�d hy Lendrr. 11'
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<br /> •�K a • ' v.w����� Form 3028 9180 ;
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