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200406955
<br />mortgn.bc loan may require for Borrower's e9(.rUw account under the federal Real Estate Sctticrlleut Pnjuecjlirt.'a .Act t,f 1974 as
<br />amended from tiaw to tune, 12 1J -S.C. SS 2601 et seq. ("RESP.A"), unless another law cleat applies to the Fimd3 s_is .i ksstt
<br />amount. If so, 1-ertc4.r may, at arty time, collect and hold lurtds in au atuount clot to exceed die leaser actiouni, j.ti err n:iay t: :;ci,uatr,
<br />the amount of Funds due on th,e basis of current data and reasonable estimates of expenditures of tuture Escrow l of otberwirc
<br />in accordance with applicable: law.
<br />7'11e furuls :;hall be held in an institution whose deposits 1,se insured by a federal uZericy, itrstrurrraia[atlity. ur a ecirc :
<br />Lender, _f Lender is such an i:i-stitution) or in any Fed] --ral Home Loun ]Bank. Leucler 4114]] apply U:e l un,ds t., ,.: (rr,:1u airs:
<br />Items. Lender may rent c ulUtrge Borrower for holding and applying yin , the FirtldS, atitivall rite I St ru c
<br />pP > g y w4alyziny tic: cscrov; rtci.tnrat, :1r v:•jt yitt
<br />the Escrow Items, urdrss Leader pays Borrower interest on the Fwicls, annually analyzing the escrow tccGurrt, or v, :ritNin� ill
<br />Escrow Items, unless Lender pays Borrower interest oil the Fundy and applicable law periaits Lender to ma.J,:e �uc.h a
<br />However, Lender may require Borrower to pay it ogle -dune uhiage for ail independent :real estare tw, ro..por•rin
<br />Lender in corineut :wrr with this l.oarl, urilcss applicable ]a-,a, provides otherwise. Unless an agrecnrc:nt is liitulr ix upllticabic l.aty
<br />n:quires interest to be paid, Leander shall not be required to pay Borruwel' any interest or ear LA 's u1i the Fu icl, Bor-u%a,cr ace ,I
<br />Lrluiet may at;rec in writi . however, that interest shall be paid on the Funds. Lender shall. give to Borrc�cvrr, c�,'itltn.lt ;:httr�
<br />a-artual aec:ourrurlg of the fiuuls, showing credits and debits to the t
<br />funds a1iC pu
<br />nd rpose For which e:acJi dr.bit tct Clnc enrols uas
<br />resat.. The funds are pledged as additional security for all sums secured by ttus Security ltistrurueut.
<br />If the I"Is .held by Lender exceed the amounts permitted to be held by applicable law, Lender s�ha:ll a,cc :)„ur to 13Ai1-rc wer
<br />for the excess funds in accordance with rlie requirenteitts of applicable law. If the amount of the fiends held by L.t :nclt ;r ar a:uy iru::
<br />iS not sufficient to pay the Escrow Items when due. Lender ruay so notify Borrower in writing, 41141, .in Much cage Eiorrow °::r ;troll
<br />PAY to Lender the amount necessary to aralce up the rlt'neietrcy. I3orrOwer shall snake up t :tc deficiency iii no Toorc- than r,wcJc ::
<br />aronthly payments, at L cndcr's sole discretion,
<br />Upon payatcut in hall of all sums Secured by dli:i Security Instz- ument, LcruLer shall promptly retirncl. to 14arTowttr art
<br />Funds held by Lcuder. If, ulUClefr parit raph 21., Lender shall acquire ur sell the Property, Lender, prior to the acqui:;,itiwl or sale of
<br />the 1'rOperty, shall apply a-U)' hands held by Lender at die Owe of acquisition or sale as a credit against rti-e sum, , :r_cttrt_d by Or ;
<br />Security lusrrcauient.
<br />3. Application of Payrtnents. Unless applicable law provides otherwise, all payments received by Lcuder tj it-fe
<br />,r paual;r :puss
<br />I and 2 shrill be applied.: first, w any prepayment charges due under the Mote; second, to amounts payable udder p ;rraa vaph 2, t ird.
<br />tc, interest due; fourth, to principal due.; and last, to any late charges due under the Note -
<br />4. Chargu;; Liens. Borrower shall pay all taxes, assesstnants, charges, tines and impositions attribi;tab.k.- ;n tLir PrOr, :,-rt„
<br />which inay attain priority over This Security Instrumt -n.t, alid leaselicrld payrlicuts or ground relics, it any, Sorrow,--r ,hall pay Lke l:
<br />obhe,ariom in We inamier provided in paragraph 2, or if not paid is that ruanrici, Borrower shall pay tl1e111 nn djA-Ic ,jijcLtly to Gil:
<br />persou owed payanr :nt. Borrower shall promptly furnish to Le:ud,.r all rnunceS of arllountS to be paid under thi, paragraph.
<br />130174wer maltxs thtse payments directly, Burrower sh:tl promptly turrtish to lender receipts evidelxc.irlg the: pllyntcnts.
<br />Borrower shall pronipay discluu-ge any lien which has priority over this Security Instruutent trrr;ess Burrower: (; J ak:rees in
<br />writing to the payment of the oblibatiou secured by the: lira' in 4 nil :liner acceptable to Lender; (b) corlte'i S Ill. C;ood tavAl the lw-n b5,
<br />or defends again,, :t enforcement of the lien in, legal proceeding wlrieh in the Lender's opinion operate to lm- :v,_1r1 the : :tlfon :Klner t ,I-
<br />the lief;.; or (c) secures froni the holder of the lien aft al;recment satisfactory to Lender SciborditratiLg Uhc lieli t,1 11xi :; Sect riCA
<br />lustrunrent. If Lender deterrxrines that any part of the, Property is subject to a lieu which niay attain priority over flair :: Sccc:rit;
<br />Instrumeclt, Lender tnay give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take oriz c,i raore of die:
<br />ac.tioos set forth above within 10 days of the giving of rrotic.r.
<br />S. Mazard or Property Insurance. Borrower shall keep the irnprovc-meuts 'low existing or lw ou
<br />rcalcc:r : :rt_c! CL tilt.
<br />Property insured against loss by tire, hazards included within the term "extarrded coverage,, aril any other hazard:;, iu :lucl .aK ilo xl.s
<br />OF Hooch g, for which Leruler requires insurance. This insura -L;e shall be maintained :n tie amourirs and ti:1r tl r- pe:tjod:;
<br />Lender requires. The insuram;r- carrier providing the insurance shall be chosen by Borrower subject to Lender', approval wl,ictil
<br />shall
<br />not bt: unreasonably withheld. It Borrower fails to maintain coverage described above, Lender naay, at Leader's untroli,
<br />obtain coverage to protect Leudt,[•s rights in the Property in a.ccortlance with paragraph 7.
<br />fill insurance: policies :;uid rernewals shall be acceptable to Lender and shall include x staiul4r(.0 morel al >.r. c11 us: Levcl_r
<br />pile]] have tune right a hold the policies stud renewals. if Lender requires, Borrower shall prYUirptly bi�;e if) i.encfer all rc :cei.pc: of
<br />paid pr(mitirns 4rul renewal nOt cis. In the event of loss, Borrower shall give prompt notice to the itlsurzurcre c.(rri :: :r atld I.X110fer.
<br />Lender may make proof of- loss if not made promptly by Borrower.
<br />Unless L.endta nud Borrower otherwise agree in writiltg, insurance proceeds shall be applied ro re wratiuirt Gr repair
<br />Property du.w, ge:d, if the restoration or repair is economically feasible and Lerrdr_r's Security is not lesscnt:il. ]f.' i; rc rcyCCrdtiUt cur
<br />repair is clot is Sec u -'-ty I feasible or Lender's security would be lessened, the insurance proceecs shall be apt li::::: to lhc: st utz
<br />Secured by this Sectrr_ty InsuU171etIt, whether or riot then (luc, with r-uy excess paid to die Borrower. It 13- --Prrowc1: abarulc,ras tl „e
<br />Property, or does not answer within 30 days a notice from Lender r_hat the insurAwc carrier has offered u:? settle ;3, c4int, treat
<br />L,t!n J.er may collect ch= irnsurarrca proceeds. Lender nnuy use the proceeds to repair ur restore the Property ,:lr to p;j) sura;i scc^vrcd
<br />by this Security Ills xualt ic, whether or not then due- "Clue 0 day period will be--gin when t1UC notice is given.
<br />Lidcss Lender and Borrower otherwise agree in writing, any application of proceeds to principal Sha.il t :crt eatrlUl u:
<br />pustpoue tlr.e due date of the mocltlily payments rctermd to in paragraphs u and 2 or clratrbe the amount of the payulr.tita. If uniea
<br />paragraph 21 the - Prnperty is acquired by Lcuder-, Borrower's right to any insurance policies and proceeds resulting; fr ,t11 elamage to
<br />the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrun :,ent irni :amagf _ly
<br />Pri-or to the acquisition.
<br />6. Occupancy, Preservation, Maintenance and JProtection of the Property: Boren -per's Lost.n Applicatitln;
<br />Leaseholds. Borrower shall occupy, establish, and use the Propery as Borrower's principal resiide;nce wiihiu si:Kty clay;; aft1cr It
<br />execution of this Security Instrument and shall coutinue to occupy the F'roperly as Borrower's principal residt:luc lc;r .at -ca,t late
<br />yelr after die date ot.'occup4ncy, rrtrlcas Leader otherwise agrres it1 writing, which consent 5b<dl not be uurrteson :ihl,, w.tltiiel.cf, vl
<br />unless extenuating c:irc;urnstunces exist which are beyotid Borrower's control_ Burrower shall nor desuoy, [lima;11e err inlp;iir h:
<br />Property, ltllow the Property to deteriorate, or cum'-nit wttstc on tier Property. Borrower shall be in default if an'., lo:u.- eirure act o.l
<br />or proceedings, whether civil or criminal, is begun that in i_endar's1 giod faith judgment could result in t ,ttcinrre irf the: preglerty or
<br />otherwise materially impair the lien created by this Security lnstrun :,eat or Lender's security interest. Borrower cure sue ;, r
<br />defaille ;end rein;tata, as provided in paragraph 18, by causing the action or F10ceedinz to be dismissed with a ruhn >t that, :u
<br />At:73RA SK4- d'irig {r Family- Fanrr✓e M— f;redddo Ad., (IM, -ORM WSIRC'h1F3V7
<br />Fur- 3U28 9;' /i/ ep 7 +e S' r
<br />90 /C0 3E,G'd 00 3-11I1. I_L'd 0b,_3 =;3 3t;: :t,T its ;,'t• I i 'tt
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