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<br /> ---- - _— The Funds shall bc hcld in nn institution whase depasits en: insured by a federAl agency;3ns run eT�y. or cntity
<br /> -_-----�--� (i�ciudins I.e�der, iY Lender is�;unh an Insdtution)or in uny Federal Home I,aan Bank.I.ender shall Appty the Fund.9 ta pay the
<br /> -- - �=•-^'�#=�d"� Bscrow Items.1.ender muy not charge&►rea�ver far holding and app�ying the�+unds,�nnually sealyzt�g the escrow account.or ___
<br /> l verityin�the Escro�v Items, unless I.ender pays�rrower intcr�t on the Funds and epplicabte law permita Lcnder to make such
<br /> -�-�� a chutge. Howaver. Lender muy require Battower ta pay a one-time ciiargo ior un independent rCat c�+wtc tax repuAing service � _
<br /> ° °°_�"""-."`�� used by l.ender in connectian with thib loan. unlcss appl{cuble law pmvldes athenvise. Unless un agreement is made or ;��y____
<br /> -=`'�'..�'•.�.� appUcable law retluircs interest to be pald, Lender shall ttot be required to pay Borro�ver any interest at eurninga on thc Funds. ===._
<br /> -_-..,� ' ��r.._.�_
<br /> Borrower and Lender may agree in writing,however.that interest shall be paid an the Funds. I.ender shall bive to Borrawer,
<br /> ��'°`�'` ""�° without char�e,un annual uccountirg af the Funds, showin credits and debits ta the Funds and the pur�osc for which each � �.., _ ___
<br /> =�,r-r��•;���:��� debit ro the Funda wa�maJe.Ti�e Fwtdn are plulgcd us uddlt�anul security for ali sums secured by this Securlty lnstrument. �
<br /> �a�'`���, If the Funds held by L.ender exceed the amaunts permitted to be held by applirable law.I.ender shall ucc.ount to Bormwer '�
<br /> - '"� - -- for the excccx tunds in accaNance with the requircments af t►pplicuble law.If the amount of the Funds held by Lender at any -'---- --- _
<br /> •�t.�._�'.."'-_
<br /> " ` � time is not sufflctent to a the Escrow Items when due. Lender ma so notif Burrc�wer In writin .and,In such case 9asro�ver '-"'�"�"_`---
<br /> � _ . ... P Y Y Y S ..rs,411ft�",5�"'��°
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<br /> --,�_��''•_:�''�•� shall pay to I.ender the amount necessaty to make up the deficiency. Barrower shap make up the deficiency in nu more than _
<br /> � , :o' • twelva monthl ayments,at L,ender's sole discretion. ' �����.
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<br /> ' Upon payment in full of uU sums secured by this Security ]nstrument, l.ender shult promptly refund to Harmwer any ,,.f�' ��u,
<br /> :' ;�: , .� •. ��uds held by l.ender.If,�nder paragcaph 21. Lender shall Acquire or sell the Property.Lender,�rior to the acquisition ar sale �� �a,�'r..�_ �•:
<br /> u > , �.«•...,•s
<br /> . of alte�cc��erty,shall apply any Funds held by Lender at the time of acquisition or sale us a credit against the sums secured by ',•:�,.;�"'-'��"�- �
<br /> T F!.Q'';.
<br /> ' e{tis S�curity�nstrument. �:'�`:•� .
<br /> �.}�•: . �.,,.
<br /> �.Ap�llEs�4lon of Payments.Uniess appticat�l� `��vr provides otherwise,aU payments received by L.ender under parngrnphs :�1-,v,,_*,; . <a�•_-
<br /> I artd 2 shalfl be appiied: first, to any prepaymenx cka:,«�es due uRder the Note; second,to a►nounts payable under parngraph 2; �`•.;,.:�; ''''"a''Fr.
<br /> third,to inteffest due;fourth,to principal due;attd la�c,eo any lace charges due unaer the Note. • ;,� „�_�;�-�-
<br /> l4��.:�,�.�•--.
<br /> � 4.C➢ean�es; II.ieros.Barrower shall pay a!t�ane:. a5sessments,char�es, fines and imposAtions attributable to the Property • ,.,�,;:,���
<br /> which may t�ttain �rioricy over this Secunry dnstrurn-«nt,and leasehold paycnents a�r grourtd xents, if any. Borrower shall pay ,. • �. '..;'���!�_�
<br /> ' these abliga¢n�ns in the manner pravided in paragraph 2,or if not p�di1 in that uian�er,Borrowcr shai! pay them oa time d'ecectly �:.- =��`
<br /> - , . to the persur�owed payrrcen4.Borrower shall promptly fumish to I.ender all noti��cs of amounes eo be paid under this parabraph. '�:.��:,��;;,_-_.,
<br /> � • If Borrawer makes these payments directiy,Bonower shall promptly fumish tcu Lender receip::evidencing the payments. ', u -Lit't�'�y;:,:
<br /> Borrower shall promgtly discharge any lien which has prionty over this Serux�ty lnsnniment unless Borrower:(a)agrees in ,.., ., , �► ••►.�r•� � •.• _
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<br /> �:i;:t�'' •� writ'sng to the paymene ot'the obligation secured by the lien in a manner accepc:ible zo Lender; !b)contescs in good faith the lien ,,.r •,
<br /> ;Qj! by, or defends again.r•t cnforcement of the lien in. legal proceedings which in the Lendcr's opinion operate to prevent the � �°�''
<br /> enforcemznt of the lien; or(c)secures from the holder of the lien an agreement sr�¢i+fuct��n t.�I.ender subordinuting the lien to t
<br /> this Securitv instrument. If L.ender determines that any pan of the Propeny is subject to a li:n which may attain prioriry over , • _ __
<br /> ' this Security lnstrument. Lender may give Bonower a notice identifying the lien. Borrower+hall satisfy the lien or tuke one or � ,�„�rt
<br /> mnre of the actions set forth above within 10 days of the giving of notice. .�
<br /> 5. Hazerd or Px+�perty Insurance. Bonawer shall keep the improvemen[s now existing or hereatirr erected on thc
<br /> •� ' PropeRy insured agains[luss by fire, hazards included within the term "extended coverage" and any athcr huardti, including � �
<br /> � flaxl<<�r tto�xling, fur which L.ender requires insurance.This insurunce shall he maintained in th�umounts u»d for ihe}�eriods _
<br /> ihat LenJ:r requires.The in�urance carrier providing ci�c imuruncc ,Luli br ci��ac:i�bj �.�,�:,:.�; s�hjcct to L.cndcr':.a,^.;:r:�al � --��'� ''
<br /> . wbich shall not be unrea,onably withheld. If Borrower fails to maintain coverare described utx,ve, Lender muy, at Lrn.l:r's � "��'
<br /> � � : ��. .
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<br /> • option,obtain coverage to protect Lender's rights in the Property in accordunce��iah paragraph T. sh�.' � -���:, �
<br /> " All insurance pohctes and renewals sl�all be acceptahle to Lender anJ �h;ifi include a standard mortgage clausc. l.ender
<br /> vhall have the right to hold the policies und renewals.If Lcndcr reyuirc>. Borrowcr shall promptly give t��I_enJcr ull re�eipts iif �.. , � 1•
<br /> paid premiurns and renewal n��ticcs. In the event of I��ss,Borrowcr shull give ptompt notire t<�the insuranrc rarricr und Lcnder. `:i�'.+�
<br /> I.ender may make praof of loss if not mude promptly by Bi�rrower. }�
<br /> ' Unless I.ender and Borrower otherwise ugrce in w�iting, in+uran�e pr<xeeJs shull be appliE.J to reste�ration or repair ot the �!'�
<br /> • �. Property damaged,if the re,toraeion ur repuir is economically feu�ihie and Lender'�security is not tessened.!f the re�toration or , ' ;�
<br /> repair is not economicully feasibic or I.endrr'�+rcurity wuuld bc Icsscncd,thc insurance prcx�ecdti �hall be upplieci to the sumr 11 ��
<br /> � secureci by this Sewrity Imt:umcnt, u•hether c�r not thcn Jue. ���ith any cxrc�� paid to Borrower. If Borrowcr abandonti thc q� •��
<br /> .,,.;�:,, �' Property,or does nnt answer within 30 day+a nutire fnun LcnJrr tliut the imurunce carrier h�s of'fcrcJ U��ettle a claim. then •7�.::;;':;';�:���
<br /> �i:.
<br /> � Lxnder ma� collect the insurunre prn«eJti. Lender may u�e thr pr�uerJ+ to repair c�r m�t;�m the Propert} <tt lo pa: �um, ' �p 5%"
<br /> `-��''�'�1��``r. secured by thi.Serurity In;trumcnt. ��hathcr or not thcn Juc. The?�'-Say periud will hcgin w�hen thc n��tice iti givrn. ,,;y��'�'
<br /> '.',i4�':.�;'. . r4� �•� .
<br /> :�;;i t� Unless Lender and &rrrower c,�herwisc �grcr in ���riting, an� appliraiinn ��f procced, ta prinripal shall not extenJ or '�, .
<br /> • - postpone thc due date of thc munthly pa�mcnt. ref:rreJ In in par.�gr.�ph� 1 an�l � i�r rh:�ngc the anwun� of thc paymcnt.. ]f :;, ^„: •,,�.�.,
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<br /> � � under paragraph 21 the Prnpeny i.acyu�rcd hy I.cndrr.B:�rr�,wer'� right to any i�uuranre{x�liricti and proreed.re�ulting from . , •,;�,'...'•`'',7f:,.
<br /> �, dun�age to the Property priur to thc acyui.itiun,h:�11 pa.s tr Lcndcr t��th�cxtent of thr�um.��curcd hy Ihi�S�rurity Instrument 7;,;;!:.i�r
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<br /> . � tI11i11CCI1N1CIy ��f(11'IO IS1C BCqU11111011. �`��y�'+',+;' �
<br /> 6. Occapanc�•,Preservation.Atufntenance and Prnter3ion oP the Propert�: liorro�cer'�l.��an App]icatlon; I.e�i.rhulds. ",�� ', '• , „
<br /> &�rrower shall urcupy.establi,h.and u,r the Proprrn a,33,,rru���r'+prinripal rc�idencr«�ithin�ixtJ� da�•ti after the exccut���n uf . ^.••
<br /> thic Security Imtrumrnt and.hall runtiuuc tu ucrup� th� Pr��p�rt} a>Born»+•cr'. principal rr,idrnrc liir at Ica�t onc�car aflcr , :��,
<br /> - � thc datc of ciccuparkr, unlesti I.cnJcr othcnviu�grer. in ��ri;in;�. +�•hi�h rumcut �hall nut bc unrra�onald� �•itl�h�ld, ur unlc,ti ;�. .;';
<br /> . extcnuuting circumstanccs cxi.t which are bc)��md Borrua�r'. r��ntrol. Unrro��cr �hall nnt dc�tr<»•. Jamagr ar impair thc ,;;�;�..
<br /> ' Property. allow• th� Pr<i�rty to Jctcn,,ratr. ur r��tnntit ��a.tr ��t: ih; Fr���xn�. B�,rr�,��rr ,5;d1 be in drfault if am 1i�ri:itun .1.�..',';.
<br /> . u�tiim or pra,ceeding. whether ri�•il a�r;nminal. i+hegun that ir, f.:nJcr'.g��ad f;iiih juJgm:,ii roul�l rr,ult in ti�rtciture ,,i thc ,
<br /> ' Pmpert) or uthcrwi,e mas:riall�� imp.�rr thr lirn crcated h�•thi.S�rurit� In+trunxm cir LcnJrr'.,rrurit� intcrc�t. Burru�vcr ma�• ,• .�:
<br /> cure su�h a default and reee�state.a+pr���•iJ�d in parugraph I}t. by cau+mg thr arti��n ur prorrrJing to he Ji�mi"rd�cith a ruling �;• r,.._
<br /> that. in Lcndcr'� g��od faith dctrrminati�,n. prccluJc� torfriturc of the Bnrr�,air', intrrc.t in thc Yropert� ur othcr nr.�trri:d I `,', i.::
<br /> �s � impainnent ul'thr licn rreat�Kl hy this Srrurit� Imtrumcnt ��r l.en�rr', ururit� int�rr.t. B<�rro�ccr �hall al,u hr in dr1'ault if '".
<br /> . $��rrow�r. .!uring thc I��an applir.uion Fr�kc>,. ga�e m:+tcrialh 1:i:,:ur ina.ruratr iNi�nnati�m ur.tatrnunt�tu I.rnJrr���r failed �
<br /> to pm.<<t�:_�ndrr��rth an� matrri.il mt��nnatiunl in i��mu.•tmr. :� rh thr lu:�n e�i�l�nred h� th�\ute. iniluJing. hut :i.�� In:ut.d �
<br /> ui, n:prexntatiutu run�crning Fi�ur���<<r'�ucrup.m.��,i thc Nn,�+cn� a�a princip.�l rr�id�n�r- If Ihi, Sa•uri'�� i:��tru;�i:nt i,��n a ; .
<br /> , „ Ieasehold. Borcowcr .h�ll c�miplc �+i1h all tln pr<��i.�nn. „t thr Ira�r If LR„r-.,��cr a.•yu�rr, tc� t�,-.:e - .`�� I•r„n:rt}. tii: � , _
<br /> , leasehold and the fec t►�Ir.hall n�v mergr unleti,L.n.1C�:It`,fCC�t�,Ihe mtr��r �n:c nnng• I ,
<br /> 7.�rmtection of I.ender'�IZiMfrth iu�the Propert��.It F3�xr����rr I:�d.t���crti�rm th�:�w���.l:ih illl�8::''�l'11110I�l'[�.'l(:cS.^..�t in
<br /> � thi�Se�:urn� Imtrumcnt. ur thcre �• a I�gal prurrr�lm�that ma. ,irmli�arnh attrrt I.�TCdrr> -:�hl� in thc Pn,}krt} �.c::-� 3�:1 , .
<br /> • proceedmg in bankruptr�•. pruhste. tur rand�mnatiun ur ti�rf�nur�ur t�+ cnti�r�e law�•�r r,�_u..�tiun,l. thrn[.cnJrr �ii.i} il�� anJ ; ..
<br /> ' pay for a•hatc���r i.necc.�an� tu pri,ICrl thr �:duc �d th� Prc,prrl� and I.�ndrr'. right. tn thr Pru�rt��. Lrnd�r'� actt��n. nr.i) ;
<br /> -- tnrludc paying an� >uua ucure.i b� a lirn ��liicl� ha. prn,rit� �,�cr thi. Scrunt� In.trutnrnt. uppcaring �n ruurt. pa�ing !
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<br /> r�a,onahle atte,rnr�� tCC� 8nd CttICRn�!un thC t'rupem u�mahr rcpa�n. ��iiin�ugi� i.cuuci �iiu. ianC aiii.:;;"• �,j.::;:,:::�•..
<br /> 7. [,end�r d�x.nut ha�•r a,d��,a. ,
<br /> � An� amnunt.di�huncd h� I.rnJrr undrr thi. paragr.q�h ' ,h:dl hc.•�,m� aJJiti�,n.�l .l�ht of Borru�.rr urur.•d M thi.
<br /> . � Securit� In�tiununt. C'nlc,.Borru�r�r and l.rndrr agrc� tu�ah�r Irrin.u(pa�mcnt. Ihe.�.,nn�unt� ,hall t+rar �rncr.•�i �r��m the
<br /> , ., date nt`di�hur�enttnt at the Nutc rate and .hall t+r pa�ahlr. ��uh �ntcrr•t. u�x�n rnnirc Ir�,m I.�•n�kr n� f3urr����rr r.yur�un�
<br /> � paymrnt.
<br /> - . . . 8.E11ort�8�e Insu�tntt. If I.enJcr nyuir�ti!trn�rt�:a�:r m.uran�r a,a cnndmun�,t m:�Auig Qir I�,.�n•r.urr.1 h� th�.Sr�urrt�
<br /> _• In.trument. &uro��•rr +hall pap the pr�miutrn rcywr�J tu m:untain thr n���rtti:�ir ui.uranrr in rflc�t. If. t��r am rr.�.�,n. thr
<br /> � murtgugc in�ur.�nrc r�»crag.rcyuirrJ h� Lendrr lap�r•�,r cca.r,h�h� �n cftcc�. B�,rr����rr .hall pa� th.pr�m�mn, r.•yuu�.i tu i
<br /> � obt�in ra�rrage .ub.tanusll� ryui�alcnt t�,the murtgc+ge tn.uranri prc�i��u�h m �Il�rt. at a r��,t .uh.tant�.dl� �yui�:drnt t�, th� ;
<br /> 1 ru,t t�� Barr�,��rr ��f thc murtgagr inwranrc prc�u�u.h in rftrct. ttam an:►Itrrnatr m�,rt�a�c �n,ur�r appiu�rJ h� 1 rndri 11
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