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<br /> - ---=----=-- ' The.Fu�s st�slt t�c h�i��n en i�ttt���an vdh��depasfts.�a� insut�d b�.a�� �.instre�ntalit .'�or�mitgr• �
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<br /> �_�— - -- .- (irESU.�dirig Less!ler.if i,�adsr�s xucA i►n lnsututinit�ar in�ny Fedsrel kame La,a�B;�k:Lendet sbali ri�p1y thi� g to.p�y thc. .
<br />_� �scmw[tens.l�4er r�,ay itol�atge B�rravrcr for holdit�u�a�piying the Futtd9.tuin:wlty ar.afyr.ing th�esseow gccannt.as, ,
<br />=�;_------ -- ` verifyic�g tha 1Bacrn�v Ite�rs�naless Lcrfd`cr pay's t3a�eower interest ori tlh�Fnnds�appllea6lC�aw�em►!ts€�endear t4'ta�o suct� �
<br /> _;� -- -- o ci��e:Mo�r�v�r�l.cr�cr mugr��qufrc 8orrower to pay n oix-tlme�e for un.irrdepcndent ccal ss�ata tax tcpofll�saavfc�.
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<br />-;::; ... � �Lenttss.in•oa�no�iou�vit6 this luaa, unless appltcuW��d�r-:gtoatds�atkc�isc.. V�l:a�an u„�rresm�as is�e:���;_�
<br />-='. �._= applEcx fe lati�re�tums tnterest tn tie pai�.laader.ah�li mot be,c�fiicd tu p3y.Borroti�er anY intere3t�easf►t Q o�th�F�s�ds�.;; • -- --
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<br /> '-�•,:-r�.::b,:� ., • Bo�rowcr and Let�der may agn�e fn Kriting,hawever.that�t shall bw paFd on th�Fu�ds.Lerad�r si�ll g vo to�or�w�e�� . ; -------
<br />-_. ._�-�_.._,,;�"`: =° „'�,� w i t h o n t c h t u�e.a a a n n u a l.u e o a u u t i�g�o f t b e�n n d s, s h o w t i t g c s e d i t s a s�d dsfltts to th�Fua�Bs�ttw g u r p a se for which ras?� � . - ---
<br /> - :�,�-- debft to the Funds was ma�e.'l�io Funds er$Pi�tg�es a�S3ithr�l sec�rity fo:csll suads s�red by this Sec�uity tnstrument. _
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<br /> � t;;;_: If Iha Fimds he13 hy Leader exceed the amot�n,ts pennitted ta be i�id by r�pplItab�#aw.Ler�sSt�li ace�to$oiro•�reg , --_---- -- ___
<br /> n_. . :.:«<,F;� for tUe e�oess F�uds ia aocordanoe tivith the reguirements of appitcable Iaw.Ig the aatiouti�of L�e Fuads I�ld by LeuQer at uay __-_---- ---
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<br /> . �=:::-�_- :�:T,�� t�mx is not sufficisnt to pay the Esaorr Items whea dne.Le�ei cnay so aoti f y B nrmwer in�writ3ng,arpd.in sush case Bomaw�e4
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<br /> -__ =�=�:_'":;`�;F`'?�,�r� shall pay ta Lender tha amoui►t•neces�azy to a�Ye up the deficieucy..Basrovrec shall atake up tlte deSc'sensy.in�o m�vre --
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<br /> _ �.��,.`-":;����,�.. twe4ve monthty payments.at Lender's sotediscxetian.
<br /> :�:�``-';-':{'':'`:•.=: ; Upon paymetlt in,ftill.af all.sttII�c seLVred 6y this SCC1irity IuStrut�eati.I.e�1dt'i s6elt plompily[eft�IId�o Bolrower any -
<br /> "�'` ,.� �• ` , •��' Fands 4eld b Lcuder.If;under pamgtupli 21.Lender shall acquire or sell tha'Pmperty,I�end°.e.Prior to the acquisition or s�ie
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<br />-=�€a ;j�:``"��•;`,;�;%?`�'`...r,��� af the Property,�11 aPPiy any�ands hetd by L�at the t�of acquisitlon or sale as a csedit a�aIast the suins seaued bjt --
<br /> .`:R; ':::.,i:�,;''<'-;:. .: tT115 S�CIillty IOS�fUtIIEAt. � � _,,,_
<br /> :'': >;�..;�.°`i;�<:•.:�� { 3.App,lla�t[on a�Faym�ts.Untess a�plicable law pmvides othEnarise;all paymsnts received by Leoder und�r P�ST�P
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<br /> -,'�',•- ��?..:.��:".;�;�,�,``,;;:�F 1•and 2 shall 6e a�piicd:fus�to az►Y pre�a3'ment c�aiges due unsler ttie h`ote•seoon�d,to amounts payabl�auder pasagraph�; -_
<br />_:•,s :;.. • • �•tt�ts Yu,£•' � thind.to inteies�due:fourth,to principa!due;and(a�t,w any late charges due umder th�e Note.
<br /> ; ; � �?�£�y"�s ti�,�� 4.Charges;Lie�s.Bomnwer shaU pay all taxes,a�s�sm�ts.charges, fiaes an�d i�positions attrE'�ruiable to th�Ptoperty
<br /> ; << ,����;�'��f� } which may sitain priority over this Secuiity iasuu�nt,aad l�o2d payments or grouad rents,if any. �arrower sha11 pay � _
<br /> , ;���5,r r�'t� : ,: these u6ligaaons in the manner pmvid�d'm�,Zagraph 2,or if mot paid in t6at manrcer,Borrou�er shall pay them on time direc�ly .,,� _=`
<br /> ;' ,�'k`�� ' ta the peason o�ved paymen�Bo�rov�e�sba.l�:�ivmptiy fiunisb w I.emder a!1 noiices of amnants w i,re gaid under this paragraph. _ -.--
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<br />-. • F�.��i` `": $arrower uiakesthese paymeats d�re�xi}':�o
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<br /> .� �;.�� :'�`,��` � ��,' � - -�3arruwer-shall�romptLy disckarge�ir:h�z��1�;�gIIO�iity�ov�ti�cts Lead�rece�p�..� Borr�.��)�i� - -� - -_
<br />= -�;r;% ,.`'?"f'.•, ��'rsg to the pzyment of the o4s9igarian s�t�iiY t�e.�nt�in a mannes �e .�';�;�a;:c'�tests in gna� tT�e C�.: � . -- _
<br /> :, ����e,:.,,. ' ,1. � �or d�f enfocve� of•.��i��in 1 ' �.�e in the Ez�e�',�€�aFs'.ss�3rnn operate w prevent tf�';;w ---
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<br /> :c:;:�;i:;• ,�;4;T;.�;�f�`' et�4ioemp.nt;U;�C�lien;or(cy:,e.�4�i p'!ir`�qider of the lien an����ora�ent sarisfactory in sr�srl�.r su6ordinating the iic�i;fia�� ; �.�
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<br /> ,' �s ' `��{�� 't�S�h:�;��,-r�.r�aent:I�'��es;d�,,,:�:,*a�t-�t°anY 4�:t of th$�y is subject to a fie��'ii�h may anain priority.`c�� . _-
<br /> `if f, � ''�`��°` +'� �i�i;s�..r��`�..,�ment,�t��r.'ar�� t'�i�.i�citvira�"5:,ideati€cmg.Lhe lien.BorrQwer sh�lr.�ttsfY the lien or take or�±:�:':•� _
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<br /> i �+��� �:{,. �¢z����set fortb aT:ec�ve wi�a 3��ys a�,L'�:�.-x�,�of dotis:e. ,,. „, � :,. . , —._ _.
<br /> ' !3 s: ���' S. �ar,�,�"c�•�r Property InSw�snaer�S�rrrsu�;�i,'�r���C�a �`•:i,�mvements�exiS��..�r,heceafter eraxed;on t'�' _
<br />=.5,.�` ProPeriY insiii�.^�.gaiast loss by fire.fi��:.iz�.lr':.�3ai::�:^4.�the t�x":eYtended:a.���-�r"�t�a�.other i�azar�ds, inctu�fi°". �. ��� �
<br />;;':;; � � �e ttoocls or flnoding,for�vhich Lender re��:�;�.�'s�a','�'s insus~.u�;,s�ll 6e tn:�.?�;7�d��`���:�nu and for.the pei3;�;;'; �
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<br /> - that Lender requires. 'lYie insarance Casri��*roz'id��'�h�as�ttrance shafl be chosea�'�t:��+r��v'�ir.c�sect.to�.ender's apprar-�.�..:, --
<br /> ? _ , which shall not be unmasonably withheld. If Bozrow��'s to maintain rnverage d';.a:���ed a5oc� I.ender ttiap,ai I.ender s ����c:
<br /> optian,obtain cave�e ta pratec�Lender's righu in the�perty in accordance with par�aph 7. ����. ��•
<br /> - . All insurance policies and renewals st►ali.be acceptabte to I.ender and shall ir�clade a standazd mortgage clause. Lender ` :�',?',• '
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<br /> :. . . . -, shail have the right to hold the palicies and renewals.If Lender requires.Borrower shall ptomptly give to Lender all receipu oS
<br /> ' ' - ' ' d � I I l hal g no i t ns cc camer snd er.
<br /> ; rcm� ren nnt everrt o s rmvrer+ I ive prompt t"ce o he i uran ' • �I.e�d �,r;s;� y
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<br /> pa�d p . ums an ewa� ces n the f os Bo � :.�
<br /> ;..,;;� '':• Lender may mabe praot oi ta5s iF not made proriiptiy by Borrower. ,�
<br />-- ��;j ;." ' • ,,. � _ Unless Lender and Borrower othencise aa�ee m writins,insurance proceeds shall be applie�to testoration ar repair of the
<br /> .,• , ,.,, • Property damagcd,if the restoratian or repair i�econumiwlly fra.,ibte and Lender's security�s noi les.aened.[f the restora¢ion or
<br /> • � ., repair is not econumicaQy fea,ible or Lender'+ticcurity wuu1J be lessened,the insurancr procetcls shaU br applied to[he sum� • � �'' �
<br /> =�`.;;�.. ,' •� � secured by this Securiry In.troment, w�hether or not then d�e. with any exce.s paid to Barrocver. Ii Borrower abandans the . -
<br /> , Property,ar di�e+nnt an.ru•er�Viihin 30 day+a n�tice from Lender that the intiurance carrier has afferai to seute a claim, then �`�,.',���
<br /> ' '" Lendes may coltect the insuranee pr�eedy. Lcndrr may u:e the procecdti t� repair or restare the Pro�ny or [a pay sums � •:;:;,E� ,7:--
<br /> " � setutctii by thi�Sccurity in�ttument,w6etncr or not then due.Thc 30-day periad wi11 begin�vhen th�rcotice is gi�•co. i`;'•.'a�`'s;.,,;;. �-_
<br /> . • ,s d cr arnt•�orro��er otfierwise a rce in ��ritin g, an�• a ppl►catic+n of�prctceedr eo principat shall not extend or �� ���_�_
<br /> ���;. ' • . poctpane�the d c date of-the mnnthly payment�rcferrt:d to in paragrapAs 1 and 2 ar cbange the amount oYthe payments. If `�` . �-�-�tti
<br /> ��t� ' under paragraph 21 thc Propcny is ucquired by I.ender.Banower'c right to any insurance pc�liCies and proceal4 resultmg from� �;�f;r�. . , , ..�,_ -
<br /> � • � dama e to ihe Pn� rty rint to th;acquisition shall pa.�s to Lender to the extent of thc yums secure�by this Security Instrument >� :� �`'''�
<br /> .�,�� < .. 8 P� P ,�,;,� �Ih,r rc�...
<br /> �� • � immediately prior to the acquicition. E':�?��'�t'"'.�-
<br /> •' 6.Occupa�cy,Pr�ec�atlon.lfaintenance a�d Protection of the Properi�;Bnr�os�er's I.o�n Apptication;l.e�e6olds. .. _� .. 5,:�+7su�;d'�;"'
<br /> �'`�" • Borrower shall occupy,estabJi.rif.and use the Propem a.ti Be�nuu•er's principal re.idence���ithers sicty days after the executi�m of . . °` �`•��,'�:,
<br /> ::��::�, ��� ". - this Security lnsirum:nt an�chall cnntinue to acrup} th�Propen� as Borrou•er'r principal rc�idenee for at least one year after _ ;,��• ``�..'-
<br /> �� .. � �';,• : ':. �he ciate ai occupan�y.untess[.ender othen���se agree�in wriunD, ahich con�ent shall not be unrr�umably�viihhetd,or unless . � : r.:Fa!',�:% _.�
<br /> '� ; "� �� � ° extenuating circum�tanec�s exist wltiich arz� ixynnd Bc►now�er's conttol. Bnrrow•er �hatl nrn d�s�roy. damage ar impair the .. . : •:'r.. .
<br /> '.;,.:'�•.: �` Protserty. aQow the Propcny ta d�terio:c�:..u* cummit«•astc on thr Propeny. Bnnu�ver shalt hc in defaWt if any forfeiturc , : "''�:.
<br /> :i- ° ��� :»�ibn or procecdin�, whether ci�ii c�r cr..�a:i-�i, is h��un that in l.cnder's go�x1 faith judgn�ent could result in forfeiture of the . . .
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<br /> ' ' •�. �.::� �:,.• . L�:perty or oth:nvise materialES impuir;..��.3:�.n crrated by thi.Security lnslrument or lw�nder's�ecurit� intere�t. B�ttnwer may � � . .
<br /> � i'k"`'��''' �" , t�cucA a default and reimt:.�w.3v�rov;•�;:ai iTt p',tragtaph 18, hy cauvin�the actinn or praccdin=to tk Jismi,�ed with a rulin� •„ ..'- .. '� ... .
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<br /> that. in l.en�.u:s good faith-dctern?ir;:r�,�.z, �.�clude� torteiwrc of the Borrc�w�rr', intere�t in the Prosx:rty or olher material , ,;;+y `,�'n5,:�;':: �
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<br /> � ? �� ' impairment or ch��liCo•creat� by tii����:�.�p ln.trume�u or Lcnder'ti�ecurity incerest. B��rrrn�u-tih:�ir 3�.�,n� in default if -�;:;•rc..:r.. •
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<br /> Bonower.dLnn�.th� toan a.,. i�...�tion rncti+�,gacc m:���riall f:tl�e ur inacruratc infonnation or�tatemcnts to l.cnder(or i'ailed ; �� �:;�('�.
<br /> '�� tn providr Lender with ar,y �+::a:srlal inforn�ationl in cunn�ctiun�►ith thc laan e�•idenced by thc Nnte,inrluding,but nnt limited : '"'
<br /> � � � t'�,rcpresentations concemine(�urr�w er'��xrupancy uP th�Pr�,}kn�•a�a prin�ipal re�idcncc. !f thi:Serurity In�trument i.„n a !
<br /> � I !•,�aehold. Bnrrm�er +hall comply �vith al� ihr pr��vi+ionv ��f ihe tea�e. If &�rrow�cr acynire+ fee title t�� ihe PruFeny, the �r �
<br /> �� � � leasehold and the fec title ahalf not merge unlc�ti l.cnder agrecs to the merger in aritinr. -
<br /> � � 7.Protectian oP Lender'S iii�hts in the Properl�.lt Bnrru�scr failti tu pe�forn�the c��vcnant.and agreements contained in • . . . '
<br /> '. x � • this Secutity lnstrument,or�here i.r•a Iegal pruc�eJing t�ut m:�y +igniGcantl}� affect Lender'.righl,in ihe Pmperi� Isech a� a � . �
<br /> � �;.: • g�reticeeding in 6ankruptcy.prohatc, far c�mdcmnation c�r ti�rfeiture�►r to rnfor.e t;►w�c�r regulation�►. �hen Lendar may do and �,� � .
<br />�' �,•: ?;. for whatever is ncrc�a.�� to protect the vnluc of th�� Property attJ Lender'�ri.��h;w in the Property:'l.cnder', actian,m:�y •
<br /> - �• ;>>-: �'�
<br /> �i;i��'ude payin�•any sums vx1red by a lien a•hich huv pri��rny m•er thir S�cu,nt�� Instrument. apprarin�� in �viurl. payin�±
<br /> .�;'� �.j��. . ,:...` �, .. reasunable::�'.�:rr:�.��s•' fecs:x.S.�terin�n�+chc Propcn��m makc repair.. Alth�,uct'�����`et mar �:�h�vction under thiv paragrapii
<br /> '�t, �;, ' ,� 7.l.ender J�-��r�,Q�h�ve to do,u. �
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<br /> � �'� ..�; .: j��",'.,. . }�". `•'. , c.' r `�i:,t:
<br /> „ . - ..,;.4,{C� Any �{xd.r:xs di�bur:t3 hy L.c.��Jih-a:'�der Ihi� paiag�aph 7 tihaQ becume ai�ila'?t:�i,s;iid,9:s�t Bnrr„�ccr .ccured by th�. � �;�;,:
<br /> t� ��riry Instr�r.tent. Ur.le��,l�:^!to�3et.��i;d Lendcr agrce to uther tem�s of payrlc};I,siti-;��:�.�r,.utt�.s tihall hear intcrest irom thc , • .
<br /> •� i' • , .' � di;te of d:sbursentent af tl;x.�tl'..te ratc'a�td shall bc puyaMc. a�ith interest, upnn.��ur;�:!':c�t i�ndcr tu Borrvwer rcyuc.ting .. � . •
<br /> . ,�� • ; • �.. ., � ..
<br /> , . �symem. , ' ' �•� �, '
<br /> ' • ' 8.Altrt'fg;�e Insurance:1f Lender rcquired mort���e insurancc a..w:i a�nditiun of m:d<ing ti»:io�L��ccur�d by thi�Sccurit} .
<br />- ' '' ' lnstrument;d���ri'ower shall pry the premiti:��s reyuired to mainGtin alie mortgage insurancc �[�a9J�z�l. lf, tiir any rea�on,the • , „
<br /> � �I" ' , � . mortgage insurance coverage requir�d by Lender lapses or crs�es tn bc in effect.Bono�cer tihall pa}�the prrmiu:m reyuired to
<br /> �_.�,___: a�h[ain rnverage substanti�lly equivalent to thc ma�igage in�urance previnusl�� in effect. 81:]l'OSI SUI7S13tII1:tIIY f1�U14;1ICItI IU(I14 �_____ __ _ .
<br /> '= � ', wat to Bnrro�cer of the m��ng�ge imuranrr przviously in effec�. frum an att�matr mnrtgagt m.urer�ppro��ed by i.ender. lf
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<br /> . • o,;e?o�a form3028 9�90
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