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<br /> E�,.. . The Funds ahall be heid in an ln4titution whase deposits are insured by a federal agency, lnstrumentc�lity. ar entity
<br />- (including l.ender. if I.ender iti sucli nn Institutfon)or in any Federat Kome I.oan Bnnk. Lender�hnll apply the Funds to pay the =_
<br /> '�� • �� Escrow ItemR. Lendcr may not chargc Barrawcr far ho►ding and applying the FundR,unnuulty Anulyzing the escrow accuwit.ur
<br /> ° � veriPying the Escrow Items.unicwa Londer puyK Bcirrower interest an the Fun ds w�d applicable tew perm ita I.en der w mn ke�uc h
<br /> :�` ;, � � „ :,�. u charge. Hnwever.l.ender mny uire Borrawer to puy u one-time churge far an independent reul estntc tux repaning iscrvice
<br /> '• � aFCd by I.cndcr in connectian wit thix loan, unicsti applicablc law provide� otherwisc. Unlesa nn ugmcment ix mude ar
<br /> ' '�°' uppllcnble!aw nx�uircs interc.rt to bc paid,l.ender shull nat be requirai ta pay Horrawer any inrerest or eumings an the Funda.
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<br /> Y ��-" �� � � � °� ° 8orrower und i.�nder mny agree in wrlting, hawever, that lnterest shail bc puid on thc PundF. l.cnder RhaU give ta 8arna�ver.
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<br /> '' ". ., ., - �vithaut charge,nn nnnuul accounting of thc Funds, showing credits imd dehitc to the Funds and the purpose for which ench
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<br /> ; • •• ° O debit ta tl�e Funds wati mude.The Funds are pledged as addittanal security far u11 sums secured by this SGCU�ity Instrument.
<br /> _ � If the Funds held by L.ender exceed the amounu+permitted ta bc held by applicuble luw,Lender Rhnil accaunt ta Barrower
<br /> for the excess Funds in accardancc with the requirements af Applicabic law. Tf the amount of the Funds held by Lendcr at any
<br /> � " , time is not sufflcient to pay the Escraw Items when due,l..�nder may sa nutify Borrawer in wrjting.and.In such ca�e Banawer
<br /> , ' 1 shaq pay to L.ender the amount nccesr:ary to muke up the dcficicncy. Bonowcr tihall make up the deficiency in no more thnn �.._.�—�
<br /> � twolve monthly payments,at Lender's sole discretion. ��::
<br /> '. � � Upan payment In full of a!! sums secured by this Secu��iry instrument, i.ender shull prnmptly refund to Borrower any �_�P--- _.`
<br /> „ Funds h�tld by i.endcr. If, under paragraph 21. L.ender shaQ ucquire or sell th�Propeny.I.ender,prior to the acquisitian or sale �;--.__
<br /> of the Property,sh�it apply any Funds held by [.ender at the time af acquisitlon or sale as a credit against the sums secured by � �•-
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<br /> this Sccurity instrument. ''���__�
<br /> � � - 3.Application af Payments.Unless applicable law provides othenvise.all payments received by Lender under paragraphs ,,�c;,:�.�-�__
<br /> t und 2 shall 6c applied: first,to any prepayment churges duc under the Nnte:secand, to umounts payable under paragrnph 2; .. � =
<br /> � thitd,to interest due; fourth,to principai due;and last,to any late charges due under the Note. � �`-�-
<br /> 4.Char(;es; Liens. Borcower shull pay aU taxes.assessments, char�es, fines and impositions attrlbutable to thc Praperty ��,`;a°o
<br /> • � which mny attain prioriry avcr this Security lnstrument, and leASehold payments or ground rents, if any. Barrower shall pay -_-
<br /> .. � : __ ._._.._ these obligations In thc manner provided in aragraph 2,or{f not paid in that manner. Borrawer shaU pay them on ttmc directly ,":�._
<br /> to the persan oweci payment. barrower shalPpromptfy furnish to I.ender aff notices of amounts ta 6e paid undcr chis purugruph. --- �f- ,_
<br /> If Borrower makes these payments directly,Barrower shall promptty furnish to Lender receipts evidenc�ng the payments. • „ " �•�
<br /> Banower shaii pramptly discharge any lien which has priarity over this Securiry Instrument unless Enrrawer:(a)agrces in ' .� : -•� �1�:'
<br /> writtng to the pnyment of the abligation secured by the lien in a manner acceptable to I.ender; (b)contests in good falth the lien � •"` :����
<br /> by, or defends against cnforcement of the lien in, tegal procecdings which in the I.ender's opinion operate m prevent thc b �',. : :
<br /> � enforcement of the lien;or(c)secures fram the halder of the lien an Agreement satisfactory to L.ender subordinating the lien ta . . : '.``l`�?•��;_
<br /> . " this Secudty Instrument. If Lender determines that uny purt af the Propeny is subject ta a lien which muy attain prioriry over ��`�=�`�
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<br /> this Security Instrument,Lender may give Borrowcr a nodcc identifying the lien. Borrower rhall satitify the lien or tuke onc or • , �:��
<br /> more of thc actions set forth ubove within 10 dayx of the giving of notice. ���:�;a�"� _
<br /> 5. Hezard or Property Insurance. �orrowcr zhall keep the improvements n�w extsting on c�reuftcr �rcctcd on thc �).. ,, -
<br /> Property insured agalnst lass by fire, hu�srds included within the tcrni "extended coverage" and uny other huzards. including
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<br /> --__�_ - = -- ii�uds or ttacsdiog,for uhich L.cndcr rcquires insurancr. Thi� insurance shs!!be m:sintained in the amaunts und for thc perinds _.-...-_. __
<br /> that C.ender require�. The insurunce currier providing thc insurance shull bc chotien by Barruwer subject to Lender's approvul � .�
<br /> which tihall nat be unrcnti��nably withheid. If&�rrower faiix to muintuin coveruge described allove, Lender muy, ut Lender's : 7,.. ;
<br /> option.nhtuin ce�vcruge to protect Lender's right�in the Property in ucci�rduuce with pu�ugruph 7. :;: �
<br /> All intiurunrc puUcirs und rencwul+ shull hc ucccptuhle ta lAndcr and �hull includc u stundurd mortgagc clnusc. I.cndcr :�
<br /> zhul!huve the right to huld tbe�x�Ucics und rencwul�. II l.rndrr requirr�. Barr��wcr+hull promptiy give to I.enJer ull reccipt,<►f
<br /> puid prcmiumv imd ronewtd rnx�ce.. In thc event of lo,+.&�rruwrr�hnil givc pnnnpt nutice to the�n+urunce curricr und Lender. • ,��
<br /> , i.v��d�� �»ay niakc pnx�f uf Ici��if nnt madc pr�::nptly�hy f�arnmrr. . - ' '
<br /> � Unle++l.cndcr und 8orrowcr othcrwi.c u�!rcr in writ�n�. in�u�unrr prcxccd+tihu�► lx�upplicd tc�msti�rution or rcpuir ol'thc ��'j
<br /> Property dumugcd.if thc rc,torution ur rcpuir i�,crunc�mirully fra.ihlc und I.cndrr'ti ururiry i.nnt le�sencd. If thr rc+toru�iim��r '
<br /> repuir i.r ni►t econ��mirully feu�iMe or t.cnder'��ecurity wuuld he Ir.,rned, the in,urunce proceed++hull lx upplied to the�ums �°
<br /> • � Kcurwd My thi, S�curity lntitrununt. whr►h�r ur nnt thcn duc, with +uiy cxrr�. paid t�� sarrowcr. If Horrower ubundun, thc �
<br /> Property,ar dik+ nut amwcr within 3t1 duy�u nutirr frum l.rcxicr thut thc in.urnncc carricr hu►offcr�J to,ctde u rluim. thcn ,.°��
<br /> I.ender muy cnllrct the intiuruncc pr�xc��l,. [.endcr msiy u�r thc prurecd. a� repuir ur n,t��r� the Property ur to puy tium,
<br /> � ' ticcumd by thlx Sccurity In.trumcnt,whethcr or nut then duc.Thr 30-duy periixi will hegin when thc notire iti givcn. :�-'i� �--
<br /> Unless l.ender und Burrowcr uthcnvi.c ugrec in writing. un�� upplicutiim of prcxcrd. to prinripul �huli not cxtcnd i�r '� .. '+�`_
<br /> ' postpnne the due dute uf the monthly paymcnt� rel'crred a� in purugraphs 1 an�f ?or change the umount of thc payment.r. If ,,;�
<br /> i undcr purugruph 21 thc Pr�>perty is urquired by Lcndrr.Borrowcr'.right tu any intiurunrc Fx�liricx and procccdti resulting frum r �`
<br /> duntage tu the Pru�xrty priu� tu df��cyui.iti��n .I�ull p.�+.ta L�nJcr tu thc�xtcnt uf thc �um�.ccurcJ by this S�curity lnstrumcnt I ..:'•�_
<br /> imincciiatcly prior to thc urqui.ition. � • �
<br /> 6.Occupancy,Preservatlon.111ui►ttenanre und Prot�rtion of the Prnperty:Borroa•er'�I.uan Applicatton;I.caseholds. � • _�
<br /> . , &�rrnwer sh�ll occupy.c,tablitih.und u��thc Pri+}xrty u� Barruwrr'�prinripul rc+iJcnrr�vithin�ixty duys uftet the exe�utiim i�f � '
<br /> this Security Instrument ucxi�hull continur to�xcupy the Pruperty u�Burru�ver'�principul re�idenre ti�r ut Ieatit�me ycur ufter i � �
<br /> thc date of eiccupancy,unle.�Lender��thcnvi.c ugrer.in �vritin�, ��hirh run.ent �hull not tx unrrutionably widihcld,ar unless �e
<br /> extenuuting circumstanceti cxi,t whidi uR he���mJ BorruN•rr'ti cuntrul. Burruwer .hull n�u dc.truy, danmEr ur impuir the
<br /> Property, ullow the Property to dctrric�ratr, ar cummit wu.tr on thr Propen�. Fiurru��•er .hull hc in dcfauU it'any ti�rfciturc •
<br /> uction or pr�xceJing. �vhethcr rivil cir rriminal, i�hrgun that in LcnJrr'.��xxi t'uitli.juJgment c��uW re+ult in ti�rfeiturc i�f'thc ,�
<br /> Pruperty ar atherwi.r mutcrially impxir thc lien crcatcd hy thi�Srcurity In�trununt ur Lrndrr'..�wurity intcre.t. B��r�awer muy �
<br /> cum such a dcfuult and rrin�tutc..+�providi�f in p�ragrnph 18. hy cawing thr uct iun ur pr�nccdin�:tu hc di.mi..cJ with a ruliu� !
<br /> , that, in Lendcr's gc,cxi f.iith drtcrminuticm, prerludc+ tiirfciturc at' th� Burr����er'+ intrrc.t in thr Propert}• ur uthcr nwtcriul �
<br /> , ' , impairnicm of thr lirn rrcatcd hy thi. Security In.trumrnt or Lendcr'� xrurit� intcr�.t. Borru�crr.hatl al.o tx in dcfault il' ,
<br /> , Borrowcr.during thc luan upplirntiun prurc,.. ga�c mal�rialh fal.r ur inarruratr inli�rmatian ur.tatcmcnt.tu Lcndrr Ior failyd
<br /> ta pr�rvidc Lcndrr with:►ny matcrial infiirm:ni�,iu in runnrrti��n��ith thc loan r�•idenrrd hy tl�r Nutc.inrludin�. hut �wt Iimitrd
<br /> , tii, reprc�cntation�conccrninE 8cirr�iwcr'.ikcupanry ul thc F'ruprrty a�:�prinriral rc.idcnrr. If thi.Srrurity In�trumcnt i.on a
<br /> . Icutiehuld. Burrowcr ahull romply �+•ith ull thr pravi.i��m af thr Icatic. Tt' Hnrru��rr aryuirc� frr titlr tu tlic Pra�xrty, th�
<br /> IcuseholJ und the fce titic.hall nut nurgr unle..Lendrr u�mr.tu thr mrrgrr in writing.
<br /> 7.Protcctic►n of Lcndcr's Ri�;hts tn the Proprrt�•. If Hi�rruwrr Tail,ta�xrtixm thr ru�rnant�aud:�grrrnunt.r�,ntuinrd in
<br /> this Scrurity Instrumcnt. ur thcre i.a Icgal pnxccding rhat may .ignilirantl� :if'tirt [.enJcr', rigli►�in thr PruFxm Iwrh 8�:1 ,
<br /> procccciing in bankruptry. pr��Aatc. tiir runitcnmutian ur ti�rtciturc ur ti�rnti,rcr I;ia. �,r rcgul:uiun.i, thcn Lcndcr m;n� du and .
<br /> � , Qay fi�c whutcver i+ necc�.aq• tu prutcrt thr ruluc at'thc 1'r��pert� and Lrnd�r'� righh in thr 1'rurcrt�. L�nJcr'. urti�,n. m�iy
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<br /> . t_ ' ' Illl'IYUC puytttg utty �wu� �c�w�v ��� a ��cu ..�u�n �m. Fn�vn.� ....� ., .,.�., .; ��..........��. ..p�........0 ... ....... �•......r
<br /> ' rcasonuble uttorney+' tcex and rntcring un the Pru�xrtr tci mukc rcpair+. Althuu�h I.rndcr ma�� tal�r artiun undrr llii.para�!raph
<br /> 7,Lcndcr doc.not huvc tc�d��w.
<br /> ' Any umounts di.bur,ed hy LcnJcr uixter thi� par�►Er�ph 7 shall tkcumc udditiunal drbt of Bc,rru�vrr xrured N}• thi� ,
<br /> .,; Sccuriry Inrtrument. Unlcs+&,rrowcr anJ 1.�nJrr ugrcc to othcr tcrnn ut'parnunt, th�.r umi�unt+ ,liull hcar intcrc�t from thr ';
<br /> �t _ : date of disbursement at the Note ratc and .hal� lk pay:�blr, w•itli intrrc+t, up�m nutirr Crum Lcnder tu Burru��•cr r�quc.tin� �
<br /> f , s` paymcnt. ,
<br /> , � 8.MortFa�e Insurunce. If I.ender rcyuired nwrtgugc in.uranrr a�u r�mJition ot'makin�!thc lu:m.crund hy thi.Scrurity
<br /> Instrument. Borrowcr shull puy thc premiumti rcyuirrd t��m�intuin thr mungugc in,urancr in effrrt. 11, t'��r am� re:i,un, dm
<br /> , �C mortgugr insurance covrrugc rcquired by Lcndcr lapsc+c�r rc:�,c.ta Ix in rflitit.B��rruwrr.hall p.►�•thr prrmium� rcyuirrd t�� �
<br /> nbtuin ruverage substunti:�lly cyuivalrnt ta thc mortgagc in�urunrc pmviau�l)• in rflert,ut u cc�,t�uh.tantiall�•cyui�•alent t��thr
<br /> t coat tu Borrowcr ol' the nwrtg;�gc in,urunrr previuu�ly in rff'crt. from an a�trrnatc tnurtga�r in,urcr appru�rd h�� Lrndrr. 11'
<br /> ; p,���j ol d Form 3028 8�90
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