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<br /> .� �,:,:,:� � 93-� 14�s�!1 ..
<br /> Tho Punde shall be heid In an InsdluNon whow dapoilte oro insured by e tWenl ogrncy, insWnxnitllty, or cnqly�
<br /> (ixluding I.ender,If[.cMer la such�n insiitutlon)or In eny Pcderul Hanie 4oan Bank.LeMer sball ppply tho Aund�to p►y the
<br /> Bscrow Items.Lender may not ciwrga Horrower for halding and'eppiylnp tho funda,mmually analyzing tho cscrow eccoum,or
<br /> vcdfyiog�ho Escrow Itenu,untas I.endcr pays ItAnrowec Incerest on�ho I�unda end oppIlcubla law pcmdte Lender to maka such
<br /> n charge. Howcvcr,I.cnAcr may rcqulro Eorrowtt to pay a one•Nmc charge for an indc�xndcnt rcal cstato mx reponing servica
<br /> --- usod by l.ender In conncctlon with thia luan, unless appticable low provida otl�cnvise. Unlese nn ngreemem Is made or
<br /> eyyy pliwbla lew requlres fntcresl lo bo paid,l.ender s6u11 no�be requlrcd to pay Rorrowcr eny imcrose or eamings on tho Funds. '
<br /> - - �rtower and Lender may agrca hi writlng, howeve4 that Inrorest shall bo paid on tho Punde, Lendcr shall give�o Bortower,
<br />-'���?��=�! w thom charge, en ennual necounting of tho Fundi, showing ctediis end Aebiw to iho Funda end�he purposo for which cach
<br />�-_-� debl�to tha Funds wa�medo.7ho Punds are pledged es ndditlonal eecudty for oll sum�secursd by thia 3eeurity Instmmenb `
<br /> _,_ - lt Ihe fLnde held by l.ender exceed tho emounis permitted to bo held by eppIlcablo Inw.Lender shall eccouni m Borrower
<br />^?� `i"� for tho exca.+Punda In nccordanw with the rcquircmema of nppiicabte lew. If�ho emount of tha Funde held by I.ender m.edy
<br />`�=-'��t� < Iimo la not sufficien�ro pay�he Cscrow tums when due,Lender mey so notity Borrower in wAting,nnd,in such case Oartqwer
<br />-`-?�"��`�'���" shall a lo Lender�ho nmouN naxssary�o mako u the deficlenc Uortower shall make u the deficicne in no moro than
<br /> F E° - twelvc momhly paymente,e�Lender's sole dlscretionp Y P Y
<br /> .�r..r.r ,'��, -
<br /> y - ��, Upon paymenl in PoII of all sums secured by q�is Securit� Inslrumen6 Lender shnll promptly refund to Oorrower eny R --
<br /> ,.:_.;;,�,;�:;-- Funde hetd by Lender.(f,unAer paregreph 21,Lender shall ecqu re or sell the Propeny,Lender,prior to ihe ecquisition or wla `—
<br />�-+;`�-°:';�• of�ho Peoperty,s6a11 apply eny Funda heid by Lender et�he time of ecqulsition or salo es e credit egains�the sume securcd by.- �-__
<br /> x �<<- -t%'' thisSetudtyfnsuumcnt. _,
<br /> 7 ` i'�:� 3.AppllcutiPPof Pnymenfa.ynlP eypifcatle In8 provides aherwise,ell paymema reccived Pyy nder undcPr p s grnphs -�-
<br /> `�`:�: .� I end 2 shall bo a Iled: Brst, to an rc a men�char ea due under�he Nole;second, to emoume a able under am m h 2; �?Y,y __;
<br /> 3�F�<,: g
<br /> - , ti;b; : thfrd,ro Interest dne:fonn6,ro principal ue;and las�,to eny laio charges due under�Aa Note. `:.yf� -,_
<br /> , _ r � � 4,Chargesi lAens.ifortower shnll pay ell tnzcs,assessmenta,chargea.Mee nnd impositions attrihweblo m the Pro erty �GF#•
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<br /> ° '���f - �vhich nu�y elialn prfority over�hia Seeurl�y Insimmem,xnd Ieasehold paymenls or ground rtnts, if any.Bortower shall ppy- �s- __
<br /> i:-:;':
<br /> ��,,,r��r- these o6lige�ions in�he manncr pravfded In paregmph 2,or if noi pald in that manncr,aorrowet s6all pay�hem on Ilme dlrcctly � r r _.
<br /> -. .(;d°s��_ to ihc person o�val paymem. Dorrowcr shall promptiy fumish to Lender all notices of amoums ro bc pnid under�hin paregmph. '. , i��__
<br /> �,'hix�:_.: If Oortowcr maket�hese payments diredly,Oorrower ahall promptly Nmfsh to l.ender receipts evidencing ihe paymems. -� .� _
<br /> �� � � Ilonower shall promptly discharge eny I�en which has priority over this Saurity Instrument unless[iono�ver.(N agrees in �E''�-�-
<br /> -�:y3:� `'; writing to the paymem of the oblfgetlon securcd by the Ilen in a nx�nner ecccplable lo i.ender,(b)mmes�s fn good feilh the Ilen, �',�,,, +T �-
<br /> "� "����- � � b , or defends a ninst enforeement of�he lien in, Iegal praceedings which in the Lender's opfnion opernle lo prcvent Ihe ' *-•- tt�'•
<br />_�;`•�_�.�_.., .: Y 6 ;••75;'rr:.-
<br /> ..-+"';j enformment of the licn:or(c)secures from the holder of the Iien an xgreemem satisfectory w I.ender subordinating Ihe lien ta� ;,�.�a„_;,.
<br /> -' -'��i�'-'�� � this Securi� Insl�ument. If I.ender delermines thal an an of the Pro rt is snb ect to n lien which ma at�ein rlod� oeer '��- " "
<br /> - .-�,�,. �.�r.. ± Y YP P� Y I Y P Y ��.qk%i'iy�
<br /> thts Secari� Insltumen4 l.ender mn ive Oormwer n na�ice idemif m ihc lien. Qorrower ahnll sa�isf the Ifen or�nke one ar z � �;'
<br />� - - morc of�hc ecllore set fonh ebovc wiiliin 10 days o(thc giving of noiicc. Y �� �sr h�--
<br /> ,:�i�,_ 5. Hazard or Pro�crty Insurunce. Uorro�ver shall kecp thc Improvemems now existins or hercaftcr ercdcA on thfl -� ,n •,
<br /> Propeny lnsured egains�lass by Itre, hxvuds inclnAed wi�hin thc(erm 'ex�ended eavemge'end eny o�her 6aurds, inch�ding �+�i,�,y,r..,,
<br /> -y--"--- p�..,.�.�jpo,f�r which Icnder rcuuirex insurance.This insurancc shall be mnimuinrA in lhe amounts and for Ihe perfoda ti' -.__
<br /> 1 -� � Ihal I.enAer reqnPres. 7'he insuranm cnrner providtng�he insumnee shall be rhosen by 6ormwer aubJect m Lendrr's npproval � 1� �-�
<br /> ���-�� �,, �vhich shnll no�6t unreamnnbty �vl�hheld. If Uorrower fnils to maimuin covera�e descri6ed e6ove. Lender may, at LenAer s `, �f _
<br /> `"'��• np�lon,ob�ain covem6e�o protec�Lender's righ�s in ihe Prn�ny in accordnnce�vnh poragreph 7. •�,•�--::..
<br /> . .-...�'°'��:�• All Insurancc S S r�ti:i;:�»`:.c.,—
<br /> � ��ejq(v, policles and renewuls shnll 6e eccepmb c m Lender and shall Include a siandard mon a e clause. LenAer .�,;
<br /> shall havc ihc righ�a hold�he�nlicies nnd rene�vals. If Lendcr requires, �orrowcr shnll promp�ly give to I.ender all receipls of =_
<br /> pa�d premiums nnd rencwal noUces. In�he evem nf Io.s,13urrmver shall grve prompi nolice to ihe insumnce carrier nnd Lender. `. � � r _
<br /> - ,� Lendcr may mnkc praof a(loss If noi mndc prompily by Uorrnxre ,k�v� '-�
<br /> �� "'�f"'r'�� ,-' Unless Lender and�orrower olherwise ngrce in wriiing, ia+umnce praceeds shnll he applied to restorelion or repair of lht y;;:i:st<,��_. .--
<br /> _ Propeny damnged,if the raaomtinn or repair is aonamically fca.ible and Lender's xecuri�y is nnt Iesuned.If the restam�inn or �,;�;�:.;�,:,,--
<br /> repair is no�econnmically fea.ible ur I.enJer's accuriq•�vnnld 6e I.aseneJ,the i�uurance proceed.simll bc npplicJ lo the sums � —
<br /> . sccvred hy�his Sccuriiy Ins�mmem. ���hether ar not �hen due. with any exn�s p:iiJ �o fwrrnwcr. 1(Dovower abandnns thc . C ,_ .'=w,
<br /> - " '- �•� Pmpcny, nr does nnt ans�ver�vi�hin 30 Jayx a nmicc frnm Lendrr ih;n�h.in�urancc rnrricr has offereA m seWc a claim. �hen '';:�•;a`;:^'
<br /> - Lender nv�y collecl d�e in<umnce prMeMs. Lender may ux Ihe proceed+ �o repair nr resmrc �he Prnperty nr to pay sums -+ r-
<br /> � �� � secured 6y ihi�:Securiiy Instrumem,whe�her or no�then dne.The 30�Jay peri��l will begin�vhen We no�im is given. ' �� -.;
<br /> � UNess Lender anA Ikxro«�cr othernixe agrce in ��rilinF. :my npplicalinn n( pnxeeJc Iu princip�l shall nnl exte�d or ��t ��
<br /> � '���:%'�,.. � ti ne thc duc J:ne of�hc momhl a ntenls refcrred In in ara��i h+ 1 anJ 2 or rhan c�he antounl of�6t a nxnb. If• -. {%iitt='-'
<br /> ...���,,�•�,� . W� I� Y V,Y P' b�P � 8 P Y .::�:t",,;;::
<br /> i. . -. �, - under pamgraph 21 Ihe Propeny iti acymred hy Lender. I3orro�eer'x ri@In �o an��inwrance p�ilicie+and prnmeds rsulling fmm �;:y���;.,;-,:_�<.
<br /> .� i�'•�. � damagc�o thc Pro�ny priar�n�he arqui.i�ion ahall pa..lo l.cnJc�tu�I�c.a�zn n(�hc xum�xcurcd b�'�his Sccurily Ins�fum:nt rrsL t i
<br /> innneJimcly prior�o�6c acyuisitian. Pl�.v9tr _.
<br />- �,..��. 6.Onupnncy,PrexennUan,M�dmenm�ce nnd Praleclinn nf Ihe Piviperlp: ISorrnxer's I.onn Applicullan; I.easehnlda. _ ;x s4a ..
<br /> - �orrower sh:dl acupy.es�aBli.h.anJ me�he Prn�ny as(3nrro�nr'.principal rniJence within.iaq d:q.a(ICr�hc execulion o( ��r4`+]rt S'."-.
<br /> ' , Ihii SecUrily Inslmmenl anJ shall�onlinue t��a�c'upy the Prn�+arly a� Borro�cer'. prinnpal rcsiJence fnr a�lenu one year nf�cr , 5 �';k�,=',-
<br /> .. IhC dale of a:cupanq•.unle«l,ender mhenri.e ugree.in w�riling. ��hich ron.ent.hnll nol be m�reau�m�hly wilhheld, nr unle..s -,�:. "•
<br /> rxicnnaling circunulancc. c<i.l ahich arc bcynnd 13orrnorr'ti cnnvol. Bnrtnn�cr .6:JI na� Je�iro�, d:mh�gc ar impair �h: y} •.
<br /> _. ... . Prnperq�, allow�hc Prupcn�� ia Jc�crinr:nc. or anmmi� �r:u�.on ihc Prapcn�. Idurrotccr .hall he in d.daull if an� fadcilurc . �,i .v-;-'.
<br /> .. Nciian Or pm[Cading. ��'hclhcr ci��il nr criminal. iti I+cgun Ihal in LcnJcr'i gaJ 6�ith juJEmcm ioulJ n+ul1 in fnrfeiturc of lhc '•j�: .
<br /> . Properly nr mhc`wi.t maieriall��impair�h.licn�rc:ncJ hy Ihi>Srcurily In.lrmncnl or lxnder:xauriq�inlcrni.Burrmrer ma5' .. . ...
<br /> - curc>nch a dcfault:mJ rcin.taic.:u�1f��YWI(�111 P�f.l�fJrll IN.II\'Gllblll(,Illl':ICIIIIII l)f 11flKlYYll�l(!IO IlC lIl\Illl]µ{I RIIII A NIIOF ..
<br /> . Ih:n, in Isiticr'+g�w�d fai�h dc�cnninati�m, prc.lndc. fnrfciiurc uf d�c Uorrnncr'. inlcrc.l in �hc Prnpeny ur alhct m:+tcri:d t ' . - -
<br /> - . impairmem of�hc licn crcaicJ M1y �hi+S�tiurily In.tnnncnl or Lrndcr'. .cauriq inlcrc.i. Ik�rtnxcr �hall :dso bc in drLmh if � . .
<br /> -' 13nrmtcer.Jn�ing Ihe loan appli[a�ion pnxe.ti.gare nta�en:Jly I:J.r nr inaccunir infarmali�m nr.t:nemem.to IsnJ.r�nr IaileJ � ..
<br /> ' In proviJc Lcndcr tci�h any tna�cri:d in(onn.mm�7 iu rumi.aliun��nh O�e Io:m cridcnrrd hy Ihc Nace. induding.hm no�limitrd
<br /> - � - lo.represenlaiinn�cnncerning 13„rrmcrr.nianpan:� „r�i�.•N����.m.�.:������.��:�; roider.ec.If ihi.Securiq� hum�mrnt i,nn a �
<br /> " "' IeaxhulJ. 6��rro�rer .h:dl a+ntph ttilh all Ihe ptnci.imm �l lhe I[a�e. If Ilnm+tcer acquirc� fCC lilie lo Ihe PmpCrt)'. iht .
<br /> lea�chnld anJ�he I'ec I�tic�hall nni wtrgc nnli..Lcndcr a�rcrti i..�hr mcrgcr in a nnne. _
<br /> - 7. PmlceUnu nf I.cndcr'.KItiI�K in Ihc Prnpert).If B�•rruwcr I:vl-,tn�•d��m��hr.�nrnann cm.l agrccmcnn a,ncnn:d iu
<br /> Ihi.Securin lu�uumenl. or Ihere n a k}.J prnrr:Jmg �hal ma� .igmli�:mth :nle.l I.uder'.ngln. m Ihr Prup�rry �.u.h :n ��
<br /> . prMceding in FanAmpta�.pmM1:nr. lor cnnJtnmaiinn ur lodcimre or�u cnlom I:m.��r rctuLmon.�. �hcn La�dcr m�� d,.:nn1
<br /> - - . pay fnr whalcrcr i.nric�vn ta prulrit �hc �aWr nf Iht Prupcn) :md Lrndcf. n�ln. m iht Prn�km. Lendci.aawn. nu)
<br /> - _-__—... _ :...a��d� ......:.... ...... .����,. .�.��n.d h.� :� L.•n uhid� h:n nnnnl� u�rr iLi. ticauN� In.�rumem. annca�inc m iourl. narmc .
<br /> � �' � ratu+nablc alli>mc)'i Icc.anJ cnlrnng un ILa Pu�pcn) In maF.c rcpain. AIIL�mgl� LcnJcr m�� cdc aamu unJcr�hn par6gripl�
<br /> - '1.I.endcr Jnc.nnl harc�.�J��.n.
<br /> . Any :nnoum� di.huncJ h� LcnJcr unJcr Ihi. par.igr.ipli 7 ,hail b.romc aJdn�on:d Jcbt of Uorta��cr ��turttl b� ll�i�
<br /> . Saurilv ImwmcnL U�ilc..Uorrnxer anJ LcnJcr agnc�o oth.r cenn.ol pa�mcnL d�e.c amaum..Lall Mar fnp•rr.l lium iht
<br /> . Jaic of Jiabunemcnl al thc Noic ra4 and .hall br pacahlc. ���i�h m�crr��. upm nou.c Irom Ixndcr to 13urroocr nyu..ung
<br /> peyment.
<br /> � 8. �farlgnge In1u�uner. II IwnJer rcyuinvl mortg:�ge inwr.m.r a,a rm:Jmon ol maAmr ihe Inan.itvrtvl M1} �Ln S«umr
<br /> , � - In.trumcnl. 6nrmacr shall p:q� Ihc prcmium. rryuircJ io mafnlain ih. mnngagc in.w�ana fn .Ik.l. II. tiv am rca.nn. �6r
<br /> mnrtgagc iinurance ttircragc rcywrad hc LcnJcr lap.c.nr aca.c.i��Ik iu rlfccL Boirowcr.hall pa) �hr prrmuun.rarynnl 1.�
<br /> . oMain anrragc.ub>�amiall��cyuir:dcm�n Ihc mangagc imnrancc prc�fou.l� m clirr�. ai a a�a 41M1\18�1I1:lII\'l'l�Ulldlf:ll IU Ihc
<br /> _ . �'� anq �o ItoROw�cr nf tl�c mongagc inwranrc prrrinu.ly in cuc.�. Gom an alicrna�c mong:igr mwrcr appro�d b� Lcndtr. If
<br /> - ' .,.ao�a Fo�mJ028 9•90
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