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<br /> not.to �xaqcl thp mucimum �r.iount • Mnd�r fa a IM�rrWjl rikt�c9 maFt�� loen m�y rqu tor 8ort s xwl�l urtdw She � .
<br /> °::�__:��'�`.�:� . t�dpr�l Rwl Cettte B�tUamm4 Proa�du�a Acl at 18�4 es �msnNd Nom time to fims,12 U.B.C.2E4t et n�,�"R�SPl1'l.anlaee�n�r�!�W •'��'
<br /> '.,.,�..°;;',,,'� ' that�ppAas to ths Funde sela� traear�mount. If ro, t.endar msy,at rny time, eoNaat ind hold FunQe tn nn�mount not to nca�tha'
<br /> --_ °r IeieK�mourt. L.�ndK m�y eetNiuta th��unount of fundt dus on th: badd ot curtent dua and r�sona6N stknata af ucp�ndbu�e� of •
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<br /> _ ' . • tuture E�crow hema or otherw!se in icao�lanoe wbb �pplicebte kw. .
<br /> -=_�"''`'�??�� rha Funds ehaG bs held In��inetitutlnn who��MDatfts an Ineund by�(edenl apenay, InsVUmontallt�r. or�ntky(kcaludn0 l�+d�►, H
<br /> _-�_.-;;�i�;;��r._;� Landar Is euoh tn InntttuUon)or In�ny Federtt Ha►s�lcan 8utk. L�nda►ehaN�pply the Funds to pay th�Esorow fter►j�. lander rnny not
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<br /> ""`}'"'"�'` "`•�•� oharQe Bortowe►tor hotdtnD an6 appyMp the Funds,�nnutNy aneyttnp th�eaaow aacount,or verf�Mp th� Eecrow ft«ns,unta�lmM�r �
<br /> .:� • -�: paya Borrowex Ir�erost on tt�a Fun�s er►d appiio�bk�kw pc�zr�ta lat�:r 4�tnako cuah a chcts�. Hatir�va. lcnd�t m.,^S�tC�*+�!t�Betrt►t'nr tn _ __.
<br /> ° ��r� pay a ono-t�ne oheuge tor an tndapendent ro�l eattts Ux r�porihp aeMce uaed by Landar In eonneatton wtth thla loan,uMear rpplic�ble kw � ,
<br /> , providea olhenMae. Uniaso an agreoment fa rtude or appUaabte law requires letereat to be paid, Lend�r dhetl not bs roquked to p�y
<br /> Borrower any(rrtereat or eemtnga on the Funde.Borrower�nd�enAer may agroa In writing,howeve�,th�t Intamat ehaH ba pttd on the�urtds.
<br /> �' Lsnder ehaY glvo 30 8olrawer,wfthout eharge,an annuel aeoounting ot the iunds,showing eradtta and dobite to the Funda�nd the purpoae =
<br /> tor�hlah eaah d�a:�to 4C�o�urtds wae made. The�undo ere pfndgad�s¢ddtetonat snaurfty tor aU euma eecured by thta 8ecurity Inswmen� .�
<br /> It the Fw�ds P�� 6y Leie�er exaeed the amour�s permitted to ho R�+t Dy r�:'cubio lati��. Lender ahell eccoum to Bonower tor tho ___
<br /> exceas Furt�o tn aeoord,�nco rri2h 4ho r�FsemenUs oi applknb�e lew. M 4Cto a�r.eaus�R of tPro Funds he�d by Lender at any tlme is not auflldQnt •
<br /> to pay the Es�xmn tte�s w�on cP�eo.B.�ndQr m�y eo noUty Borrowea tn wrfEng.eu��,tn auch casm��erowar ohnU pay W Lender the e,enaunt =-
<br /> p.• . neeeseary ta �nnko ap tho de�ete�scy. BQ�rowet ehet meko up iho ddt�eacy tu eeo rtearo than 1wr�vo momhly payments, at Lend�'s co�o �•
<br /> '. diacreUon. ---_
<br /> � Upon payment in 4a9 04 ap suma secured by this Seautity Instruirem�t, lender shali promptly retund to 8ometrer any Funds Pa�d by --
<br /> . Lender. it,tond�r Raragra9h 21, Lender shaU aoquire or setl the Pre�arty. Lertder,Pdor ta the acguisNton er eate o4 4ho Rro�eetty,shatl ep3�4y _
<br /> � any Funds A¢!d by lend�r at the Uma ot acquislUon or sete as a aetfit a�atnst the sums secured by Yhts S�urty lnstrum�nt. _ _
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<br /> .�.,ti,r�:-A;;ti'�;'� 3.AppA1P.�tE�te m8�aymeM6�. Uniess appecabie law pro�tdes othetwiae.a0 Rayments tecehred!ay lender under para8ra�►hs 1 and '__`-
<br /> , , � 2 ehali be applied: ftrst,to Arry prepaymerrt charges duo cnder the Note; second, to camounts payabfe under pax3grep h 2; t h i r d t o i n t e r e a t , �
<br /> pax
<br /> �} ���, ;, due;fourth,to pdncipai due;and last.to arry Iate chargas due under the Note. 1
<br /> �rv�.�� ..•vti� ., ar�.
<br /> �,.?�,; •i•����!;1� 4. C h a r g es; U e n a B o rt o w e r s b a(I pay a t l t a x e a,a s s e s s m e n t s, e h e r g e s, fl n e s a n d i m p o s�t i o n a a t tr i b u l s b l e t o t h e P r o p e r l y w h i c h �-
<br /> . �x+-�t.�z� ili,.�Fr,i^v.
<br /> ,.k:;;,;.. may attain�ulorUy over this 8ecurity Instrunnen�and leasehotd paymenls or ground reMs,H any. BmeroNer eheli pay these obllgaUons In the ;. i1�.��.`
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<br /> � � �i manner prov3�ed in paragraph 2, or ff no�t peid in that manner, Boaower ahatl pay them on Ume dlrectly to the pereon ow e d paymmit S''�'r;'�:;;�
<br /> , Borrower ahall promptiy tumiah to Lender aA no9ces of amounte to be paid under thls paragreph. tt 8orrower makes those payrttents � �'�k:u�-
<br /> ��4.
<br /> . directly.Barower shali prompHy tumish to Lender recdpts eridendng the payments. :
<br /> � . Bortower ahali prompty discharge any tl�n which has pdortly over ihis 8ecurftyr Instrument unless BoROwer: (e) ngrees tn w�fNng to the
<br /> ;:��Yl;:�; payment ot the obiigadon secured by the Ifen fn a manner acceptable to Lender; (b)coMests En g�od faith the Uen by,or detends agafnat � � �`'�`�
<br /> .'.•_i;, .�___. _ ' -_;'..
<br /> '' =1+1,;;;;;� entoroeme�n ot the tien in.,isgei proCeed�ings which in ihe Cendera opinimn vpetdt6 to prevbrlt ths en7arcrr�t Ot 2hII lkxs:ot(e)sacures fsom
<br /> � ','�;;,;`,+�` the holder of the ilen en �greemeM sadstactory to Lender subo�dlnaGng the Ilen to this Security InaWmant ii Lender detemdnea thet any '���
<br /> .• ;;, •-----
<br /> ' � part ot the Property Is aubJact to a qen whlch may aqain pdortty over this 3eanity lnatn�menZ,Lender may gh►e 8ona�ver a noUce IdentlO�Ang • ��q.�,
<br /> �, :���.i the Qen. Bortower shali satlaty the Ilen or take ane or more ot the actlons aet foRh above wfthin 10 days oi the gNing of noUce. � ��:;;__
<br /> dT�.:
<br /> �t'+r�� S. Ha�Pd or Property Insurance. Bortower shatt keep the Improvements �ow existing or hereafter erected on the Property ;i��•�:_=
<br /> '�-���:;," inaured aga�nst loss by flre, hezards Inciuded wMhin the term "extendeN coverage° end any ather hazards,IndudMg floods or doodtng,for �6",�:i-
<br /> ''•'� whkh Lender�equires insurance. This Nsurence shel be maintained in the amounts and for the periods that Lender requires. The insurance �,,,`,.s
<br /> `��' canier providfig the insurance shell be chosen by Borrower subject to Lenders approva� which shall not be unreasonably wkhhetd. it ? •�;.
<br /> � Botrow�faifs to malntain coverage desalbed above, Lender may,at Lenders optlon, obtsin coverege to protect Lender's dghta in the � � :.�
<br /> +'_� ,�.
<br /> Property in axcordance wRfi paragtaph 7. ; �.
<br /> AII insa�aax polidea and renewais shell be acceptable to lender and shell Indude a standard mortg5ige clause. Lender shail have the
<br /> �ight to holcB the poNcies and renewais. if lenda requfres,8orrower ehall promptfy give to Lender ali receipts of paid premiums and renewal
<br /> nottcea. In the event of Ioss.Bortower shell ghe prompt not�e to the inaurance cartier and Lender. Lender may make proof ot toss H not
<br /> � made promptry by Borrower. •�
<br /> •,�� ' ; Un�ess Lender and 8ortower othenvise agree In writlng, insuwnce proceeds shall be appi(ed to restoration or repair of the Property
<br /> ,��r damaged, it the restoraUan or repair is economicaly teasible and Lender's security fs not lessened. tf the testoratlon or repaU is not
<br /> � economicaNy teasibte or Lender's secudty would be lessened,the Insurance proceeds shall be appiied to the suma secured by thls Secutity
<br /> Instrument, whether or not then due, with eny excess pald to Borrower. If Borrower abandons the Prope►ty. or does not answer wfthin 30
<br /> days a notice from Lender that the insurance cairier has oHered to settie a ciakn, then Lender may coNect the Insurance proceeds. Lende
<br /> may use the proceeds to repair w resmre the Propeity or to pay sums secured by this Security Instrument, whether or not then due. The
<br /> ����__�_ ._'---•�---.�__�_.�...._ ' _
<br /> �I'Y13y Fltl�YY Fltl Ytia111 tt��01�U1611V\IW IJ b1�W1. '� �
<br /> Unteas Lender end Borrower othenvise agree In wdtlng, any appiicatlon of proceeds to prindpal shall not extend or poatpane the due
<br /> date of the monthly payments reteRed to in paragraphs 1 and 2 or change the amount of the payments. if under paragtaph 21 the Property '� `.
<br /> is acquired by Lender,Borrower's�ight to any tnsurence poticies and proceeds resufting from damage to the Property prior to the ecquisttlon
<br /> shull pass io Lender to the extent of the sums secured by this Securtty insuument fmmedlatey prlor to the acqulsiHon.
<br /> 6. Oaoupancy, Preservatio�o, Mstntenance and Protection of the Wroperty; Borrower's l.oan
<br /> Apptic�rt��n; Le889h0ld8.Borrower shail accupy, establfsh, and use the Property as Borrowers pnncipal resldence wRhirt siuty days p
<br /> after the e�cecution of!n�s Secucity InsUument and ahall coaUnue to occupy the Prope�ty as Bortower's pdncipel residence tor at teast oa�e `
<br /> year after the daEe ot occupancy.unless Lender otnenv�se agrees in writing, which consent shall not be unreasonabiy wfthheid, or unfass !
<br /> extenuating circumstances exiat which are beyond 8omower's controt Bortower shall not destroy, damage or Impalr the Properiy,ailow the •
<br /> Property ts eEetenmra:e. or commit waste on the Property. Borrower shall be in default 'rf any tor'er;�re action or proceeding,whe!her civil or
<br /> � criminai, is begun t�at in Eender's goed fafth Judgment could resutt in forfetture of the Properry mr crt;erwise materiaUy impair the::en aeated
<br /> � by this 3ecurity instrurnert or Lender's security hterest. Borrower mey cure such a defauft ac�d Rei�stafe.as provided in paragraph 18. 6y
<br /> causing the action o� proceeding to be disrnissed wfth a ruling ihat, in Lenders good faith determiraUO-+. p•ecludes forfefture of the
<br /> � 8orrower's interest In the Property u� other rnaterial Impairtnent of the tien createa by tn�s Secur2y msVUrnent or Lenclers securny tnteresc
<br /> Bortower shrill aiso be in detauft A Borrawer, during ihe loan application process. gave matenal;y fa`.se or inaccurate intortna�art ar statements
<br /> to Lender (or iailed to provide Lender with any materiai Information) in connection w�th the loan ¢uidenced by lhe Note. inctud;ng, but not
<br /> �imfted to, representations concemmg 8orrower's occupancy ot the Property as a principai res�dence. If this Sewrityr InsVUmwt is on a
<br /> leasehotd. Borrower shalt compiy with all the provisions of the Iease. �f Bortower acquires fee Utle to the Property, the leasenold end tne
<br /> fee tiGe sha)I not merge uniess the Lender agrees to the merger in writing.
<br /> Pagc 2 0}S Farm 7C2B 9/90
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