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<br /> 'fhe Fundc st�ll be held in �n inuitutiun whao deposits w�e insura! by a iedenl aQen��. In�trumenWli[y. or edity
<br /> (ir�cludinQ l.ender, if L.erder is�h rn institutiun)or in any Poder�l Home Lwui&usk•Leixler�1�APP�Y��Fwd�c tu pwy the
<br /> °:rraG lttn�. l.tndet n�' ex�t chuge Bc�rruwor for Iwkllni+�iPP�Y��thc FunJ�,unnuyUy mrlytfry�thc acrow aceuurn,nr
<br /> --� � vetifyin�the E�rrow Itenu. unlau L.ender payr Borrower itwenest on thc hunda arxi ti�lc ta��sFt»Lcr.�!!r t����� •
<br /> a char�e. Nowever,I.eeder mayroy ulrc Burrowu to pry �one-time ciwr�e fur�n I�pen�lau cwl atate trz repexting:ervice
<br /> wed by Leixier in mrmection wlth thii loAn. unler► applic�able taw provides atl�erwi►a. Unlair• an yjroement ia made w
<br /> - rpplic�ble!xw roquircs Inlcrest ta tx p�id.l.e�icr xtull nut be cequired to p�y Bortowu any intenxt ur aunio�►'x�the Furds.
<br /> --— -- Bc�mnwu wd Leixler rnay s�roe in writin�. huwcver,th��ineerat rtudl bo p�id an the�unds. Lender atwll Qivfor which Wach
<br /> without charge, an an�wl s+cccwntiny uf the Funds.�win�credits wxi debits tu tho FunJ►rnd the purpore
<br /> .. ° deMi�to tFw FunclR ww: mde.7'f�1=umlY are pfodgal�►a�Witior�l zocurity for�II sum�securcd by this Sa�udty Instrumertt.
<br /> - - - If the Funds hcld by L.e�xler ezcxed the Wntcwnts pem�ittod to be hcid byapplic�ble Irw.lx�xler�Iwll:n:awnt to&,rruwe.r
<br /> - for the excas Fund�in�ccc�rdance with theroq uircmeius of�plicable law. If the wt�ount of the Funds held by Lende�at+nY
<br /> time is not sufficiant ta�p�y the Esctnw Itertu whrn dua,I..erxkr may so notify Bom►wer in writing,and,in wch cau Borrower
<br /> ilwll pay ta I.ender►he�nxwnt nocessary to m�ke up the defickncy. Borrower slull malce up the defic�eocy in no morc than
<br /> twolve monchly payment�,et l.enler's sole dlsGrction.
<br /> -�______-=,,,.� Upon payment in full pf all sum5 socurod by this Socurity Instrument. L.ender shall promptly refund to Borrower any
<br /> _. _--- - ,�s�=;,,�,� Funds held by Lendcr_ If,undcr paragr�ph 21.Lender slwll�cquire or sell the Property.l.ender.�nor to the acquisition or salc
<br /> of�ix Pcopeny.shall apply sny Furnls Ix{d by Lender at the time of acquisition ur►ale as a cred�t agairut the sun�c securai by
<br />-_ this Sccuriry Iactn4me�t.
<br /> � �.Appikptk►n pt Payments. Unle,s applicuble law provides otliervvise,•rli payments receivad by l.e�xler under p•rrrgra�hti
<br /> � I und 2 shaU be appli�ed:flrst. to:u►y prepayment ch�rge+due under the Note;second,to anwunts payabic ur�der parigraph 2;
<br />- ---- -°`_`-'°_"t°�-�"*�°`°'w thir+d,w intet+est dua; fiwnh,to principal due:and last,to�ny Iate charges due under the Nate.
<br /> -:�t' �II. 4.Cbor�es; I.ie�.[iorrawcr shall piy all taxes.u+sec.s�rtients, charges. Cnes and impositions attributable to thc Propecty `
<br /> whlch nwy attain priority over this Security Instrument, and leasehold payments or gcound rents, if�ny. Bomower shall pay
<br /> 1 thesc obligations in the manner pmvldod in paragraph:.or if nM paid in that manner, Borrower shall pay them on time direcNy
<br /> ` '`�^'"�`�".�''� ' to the person owed payment.Borruwer st�ail promptly furnish to l.ender all notices of Anwunts to be paid undcr this paragraph•
<br /> lY.,, ?�,:•`
<br /> �,,�''�€�.:��,Y�*'�; !f Sorcower m�lces thesc payments dirocdy.Borrower shall prornptly furnish to Lendcr raeipts evidencing the paymenu.
<br /> � •' ' ` � • Borrower shall promptly discharge any lien which has pnonty ove�this Securiry Instrument unkss Bomnwer:(a)agrees in
<br /> � �w:��;t• z;x�"u,�`' wdting to the payment of the obligation secured by the Hen in a manner acceptable to l.ender,(b)cuntests in gaod faith the li�+i
<br /> �E.i'-;K�"�;�7�.�,r
<br /> �C by, or defends agAinst enforcement of the lien in, tegal procee�iings which in the I.endePs opinion operate to prevent the
<br /> . ``.,•'��.;:.•d.�•
<br /> '��"" � enfatcement of the lien;or(c)secums from the hoWer of the lien an agrcement�tisfnctory to Lender subordinating the lien to
<br /> '� �' "�`"` ``° - this Securit instrumeru.If Lender determines that su►y part of tha Prapeny is subject to a lien which may anain priority over
<br /> • .'u���'�'��'�'� this Security Instrument,Lender nwy give Borrower a natice identifying the lien. Borrower shstll satisfy the lien or take one or
<br /> :�'���''�;;�' ,,,�, morr of the actions set forth ubove within 10 days of the givin�of notice.
<br /> __ ��'nc:+�s:} g, yaa�rd ur Properly inwrat�ce. Borrower shall kecp the improvements now existing or he�•eafter erected on the
<br /> ', ' " � • • Property insured aguinst l�sx by fire, h.w3rds include.�l within the term 'extendeci covc�age" :uid any aher ha�rds. including
<br /> �''-` ' '' �"r floods or flooding.far which Lender requires insurance. Thi� insur.►nce shall be nmintained in the amounts and for the periods
<br /> ��.i.?�"-`�-=+�-� sls�i Landtr rzq�itrs. Thr in•!�rnncc carrier pmviding the insuwke�Irrll be chosen by Borrower subject to I.ender's approval
<br /> `�`"� �t�f � � which shall not t+e unreawnably withhcld. If Burcower faih to maintain coverage descritxd above, Lender may, at ixnder's
<br /> option,obta:►�coverat*,e to protect Lencier's rights in the Property in accurdance with p:►ragraph 7.
<br /> All insuranee policies arxl rcnewals shall be acceptable ta Lendcr and shall inrlude r standard mortgage clause. L,ender
<br /> shall have the right to hnld thr policies a�xi renewals. If Lrnder requireti.Bonnwer shall prompdy give ta I.erxier all receipts of _
<br /> •, paid premiums�nd reaca•ui�xuices.In the event of loss. &�miwer tihull give prc�mpt notice to the insurance carrier and L.ender. _
<br />- ' Lender n�ay n�ake pruo(of lasa if not m•rde prompNy by&�rrower.
<br /> Unless Le�xler 3nd&xrowcr otherwise agrcc�n wr�hng. in�ur.�nce proccedti sh•rll bc appliai to reswrdtion or r�epair af the
<br /> . � Pmpe�ty du►nagtxl,if the re,wratiun or repair is economi�alty tcasiblc u�xi LenJer's security�s not lessened.IC the restoration or
<br /> �.:, repair is not cconomic�lly fca,iblc or L,:ncicr's sccurity w�wlJ tx Ir"encd,thc insuraixc pnx��eds shull bc applied to thc sums
<br /> ��., secered by this Security Instrument, whether or not tlien Ju�, with any exce�� paid tu Borrower. If Bormwer abandons the
<br /> �"� Propeny,or dcros not an+�a�er within 30 Jay.u nutice I'nim L�nJcr th�t the imur•rnce currier has offered to aettlo�claim,then
<br /> 'r�' t Lender may coUect thc inwrance pnxeed,. l.ender m3y u,e the paxe�tilti to repair ar re+torc the Property ar to pay sums
<br /> secured by this Security Imtrunxnt,whethcr ar n��t then due.Thr 3Q-duy peri�xi will hegin when the notice ix given.
<br /> � :� Unlcss I.cnder anJ &�rn�wrr othenvi.rc agrcc in wriling, any uppliratiun of pnxccds tu principal �hxll not extend ar
<br /> • � . , postpone the due datc of thr m��nthly payment+ rrlcrred tu i n p•rragraph, I au� ? ur rhang4 thr amount of thc payments. If
<br /> ' • � undcr paragr•rph 21 thc Pruperty is ucc{mr�J hy Lrixlcr. &m�.w•cr'+rigtrt to any in.u�rncc Fx�licicti:md pr�xceJs rc�ulting frum -
<br />�, damage to thc Praperty prior to thc acyui.itiun tihall pa+.a�L.�nJcr tu thc cxtrm ��f the hums.crurcd by this Sccurity Instrument _..
<br /> ;•:., ;, .;'; immedi3tcly prii�r to tlx ucyuisiti�m.
<br /> . • 6.Oceupancv.i'rcrervatinn.Ataintenanee and Prot��ction of the Propecty;Borrower's l.uan Applirvtion; Leaseholds.
<br /> *. Borrc�wer shall cxcuF►y,e�tahli�h, a�xi u�r thc Pruperty as Borrower'.principal rrtiiJcnce within sixty days ufter the execution of
<br /> this Security Instrument and tihall cuntinuc tu�xrupy thr Pr���rty a� Burruwer'.principal rr+idence fur at Icast��ne year ufler `
<br /> ` ' � the Jute of�xcuparKy.unle+� L.enJer utherwi.c agrce.r i�i�vriting. which c�msent�h•rll nat Ix unnasimably withhcld, or unk�.s
<br /> , ' extcnuating cinumstaikcs exitit whirh are tkyund Borrower'ti rimtri�l. &�rmwrr ,liall nut de.troy, damage or impair the
<br /> � �,,:.:-• 'v'�`" .. Property. ullow th� Prop�:rty to dctrriiiratr. ur rununit w:�titc an thr Prup�:ny. Bnrrowrr�hall he in Jefault if any fiirf'eitum
<br /> x.; ;,;���� action or prcueeding, whethrr civil or criminal. i� hcgun tha� in Lrndrr'ti g�xxl taith judgnmm ruuld rewlt in forfeiture of the
<br /> _ Property or othcrwitic m:►tcrially itnpair thc licn rrcat�d hy thi�Scrurity In�trum�at ur Lcndcr'.�ccurity intcrest.&�rrowcr may
<br />- cure such a default and rein+tatc. as pruvidcd in paragraph 1R,by rausing thc arti�m ur pnkccding ta Ix Jitimi��c�1 with a ruling
<br /> -,- that, in Lcndcr'ti goc�l fuith dctcrminati�m, precludc� f�rfeiturc of'thc Borrowcr'� intrre.t in Ihc Property ���othcr maceriol _
<br /> - �• impairment o,�the lien createJ hy thi�Sccurity Imtrument i�r [.,cndcr'�tiecurit�� interr.t. Burruwer �hall al,o be in default if
<br /> I' &xrower,dunng the loan applicatiun pr�kr..,guvc malcrially falsc or inarcurat�infamiation or�wtements tu Lender(��r failcd
<br /> _ �,,"� to provide l.ender with any muterial intonnati�m)in runnectia�n with the loxn evidenced by thc Note, including,but not limited
<br /> a to,repretientutians ecmcernmg&�rrowrr's ikrupanr��of'thr Pr��}xny ati u prirxipal residence. [f thi+Sccurity Instrument is an a
<br /> � � Icasehold. Borrawcr 5ha11 romply with all the provisiim���I thc lease. If &xru�ecr acyuires fcc title to the Propeny. the
<br /> - • �= � Ic:uchold und tl�c(cc tiilc �hall n��t mrrgc unlc>ti Lrndrr:�grce�tu thr mcrgcr in writing,
<br /> � . 7.Protection of Lender's Rights in thc Property. If&�rcc�wcr fuils to perform thc c��venantti and agrecments rontuined in
<br /> _ ,�-;;�,�, this Sccurity Instrurncnt, c►r thcrc is u Icgul pnxccciing that rnay yignifirantly affeet Lendcr'�rights in thc Property (such ac a
<br /> „z�X prdceeding in bankruptcy,probate.tiir condemnation or 1'arfiiture or ta entorce laws or regulatians), thcn[.erxier may do and
<br /> �^s� ,�y��,.. pay for whatcver is txres�+ry to protat thc value of thc Pruperty and Lender's rights in the Property. Lcnder's actions�nay
<br /> include paying any sums sccura.�i by a licn whirh has priarity uver thi. S�-curity Instrument, appcaring in rnurt, pe�•ing
<br /> ...I.t.ou..m.�e•fiM. ��,.�P��P.;..o�n etu•Pmnenv a�m:akc mnuin.Althuuseh L.ender m:►v t:►ke action under this pan�r.�ph
<br /> _,:� rr.»^..._...__...---,- •--- -•--•-•----o , , .
<br /> - �:; �i 7.Lender das nW h�ve to do so. -
<br /> - �q Any amounts disbuncd by l.cnder urxier thi, paragr�ph 7 shuU become additionul dcbt of Bortowcr x�un�i b} this
<br /> •-4l Security Instrument. Unl�ss Born►wcr and Lcndcr abrce:to��ther tcrms of paymcnt, thesc amounts shall beur intere+t frnm thc
<br /> date of disbursement at the Note rate and shall be payuble, with interest, upun notice from Lender to Borrower rcqu��sting
<br /> paymenc.
<br /> 8.Mort�e l�uurat�ce.If Lc�xier reyuired nx�rtg:�e in�urancti:u a coixiition of m•rking thr Ic�an sccumd by this Security
<br /> insuument, Borrow�r shall pay tlx prcmiums required to riuintain the mongage incurance m effect. If, for any reawn, the
<br /> mottgage insurancY coverage roquircci by Lender lapse�or caases h�be in effuct.Bom�wer shall p:►y the premiums mquimi to
<br /> obain covcrage sub�tantially equivYlent ta the mortguge inwra�xr pn:vicwsly in ctfoct, at a�nst subsuntially equivalent to the
<br /> oast to Borrower of the mo�age insuranoe prtivicwsly in etfect, fcom:m�Iternste murtgage inwrer appruved by Lender. If
<br /> ' �..,,,,� rw�+ao�s ano �
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