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<br />- - - Th�e ��ndi si�ali bo t►eid in wt instltuti�n wfase dc�oaits ue insurcd by A fodeni �er�cy. itWrunkrrt�ilry. a� -
<br /> (iocit�ding[.tncier. if l:ender i3 Fucb an instltutloa)or in any Faderal Har�e Iaan Hu+k.[.c�xier�h�!!appiy tl�e l�undg to pry the
<br /> '��°�"`� t?s,rmw Itans. Y�c►xStr�TU;�y n�t charge&urower for FtolJing and applying tho Futxls. annuAlfy tusulyring the tscrow arcoti►N.�r
<br /> ������ v�rifyhTg�No k:�cra►w itesus,uuless Lc�xler p:�ys Borrowee interest nn tiio Fund��nnd n�►plicnble Paw permit�Lencte�r to m�lce such
<br /> -_ - ---�'°"'� a charge. linwo�cr, l.cnder n�ay require Borrawrr ro pay a o��tin�e�hargo for an indepctxfent ecal estate�tux rc�rting servtce
<br /> usod 6y lrcn�et in connoction wilh thls loae�. udless applicable taw provldes otherwise. llnless un agrecment is made or
<br /> , az►pN�zible 1�w rrqaire�►intercxt ta be paid.I,cnder f.hall tat be requirod to Qsy Bottower uny�ntetest ar eamings on tlx Funds,
<br /> � Hc►rn�wcr und t�erider�nay a�ra in writing,howcver.that interast shall�.a paid on thc Funds. Lender rhatl gAVe tc+Borrower.`
<br /> _ __ — wi�hout c� ut�aual ecconeting oF the Funde.showing crrdit� nnd deblts to tbe Funds atd the purpas�e for which e�ch
<br /> deh[t w chr und3 was mude,The Funds arc pledgc�d as udditianal r,ecudry for atl surtis secured by this Sccurity Instrument.
<br /> - - - --- --- If tix Funds held bg�Lcnder cxceed the anwunu prrrttl�tod to be hetd by upplicable luw.Lcjzds;e shxll IIs�.vuat to Anrrower �-
<br /> --- � far�he eacess Funds in aconrdanco with the rcquiremenu of appticable I�w. If the amount af the Funde held by I.ander su any
<br /> I i timc Ds not sufificient to pay�hc Bscrow Items wiuti�due.I.endcr may so notify Bc�rrower in wdting,and.in such.x�se Borrower
<br /> ,� sh�ll pay to l.erder the amount naessary to r�alce up the deficiency. Borrower shall malce up the deflciency in no more than
<br /> ��', Iwa{ve monthly payments.ut Lendet's sole discredon.
<br /> _�: � Upon payment iu full oi aA sums secured by thla Seeurity Insttument. Lender shal!promptly refund to B�rmwer anY _
<br /> _ i Funds hetd by 1.ender.if.under pa�ugrnph 21, Lender shall acqulcc ar seli the Property. Lendtr.prIor to the acquisit3on or sale
<br /> of the Prapetty,shs11 apply any Funds held by I.cader at the dme of acquisit��n ur 5ale as a crc�it ogainst tt►s sums sec�red by
<br />-��� this Security Insnument.
<br /> � 3.Appiicatbn ot�yma►ts.Unless applicable Iuw prnvides otkenvise.all payments received by Lendcr undcr pamgraphs
<br /> I 1 and 2 sh�ll be o�plied: first.to any prepayment churges due under the Note;seoond,to aaaounts p�Yub�e under paragraph 2;
<br /> thini,to i�iterest due;fourth.to principal due:and Inst,to any lats ch�rges due under the Note.
<br /> ' 4. Cttarge� l.tet�s.Borrower shali pay all taxes.assessmenu.charges. fines and imposidons amibutable to the Pmperty =
<br /> whicL may attAin prlority over this Security Insuument.and leasehold payments or ground renu. if any.-Borrower shall paY
<br /> these obligation4 in tha mannPr provlde�t in paragrapb 2.or if not paid in that marmer.Borrower shaU pay them on time directly
<br /> j ta the person owed payment. Borrower shall promptly fumish to Lender all notices of amow�ts to be Paid�der this paragraph•
<br /> if�orrower malces these payments di�ectly.Borrower shall prompdy fumish to Lender c+eceipt5 evidec�ciaA the payments.
<br /> r &►rrower shall promptly dlscharge uny lien whIch has prIority over tbis Security Insmunent unless Borrower. (a)ag�ees in
<br /> writing to the payment of the obligation secured by the lIen in a manner acxeptable to Lender;(b)contests in good fnith the lien _
<br /> . . � by. or defends against enforcement of the lien in, legal prooeedtngs which in the Lender's opinton operate to prcvent the _�
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<br /> �-' ''v�•'.:� .?�'�'�: � enforcement of the lien:or(c)secures from the holder of the lien an agreement satisfactory to I.ender subordinating the lien ta _
<br /> �� �"�r,aF�� this Security Instrument. If Lender detem�ines that any part of the Property is subject to a lien which mny atmin priority over
<br /> ,�..':�� .,. m in
<br /> y'?�" ''"y � this Secnrity Instrument.Lender may give Borrower a nonce idendfying the lien.Borrower shall satisfy the lien or take one or
<br /> �`::. r t�s���� �v-
<br /> .:t?�' ' '' .'''", .• more of the uct3ons set forth above within 10 days of the givEng of notice. �.,._
<br /> _ rj��;,���:,.#_ ��F g. �rd or prnp�ty [nsurance. Borrower shail keep the impmvements n�w enisdag or hereafter erc�cted on thc �;_:;---
<br /> ,,,�`1,�r:^���' •�•�' Property insured against loss by fire. hazards included within the term "extended covernge"and nny other hazards.includins r.;
<br /> �,,{+..,,.. ?:, fToods or floodia�.for which Lender reqaires insurance.This insurance shall be maintained in the amounts and for the perlods � «:;"
<br /> � - ��Q���wc. '�r incurance carrier groviding the insurance shall be chosen Uy Borrower subject to l.ettder's approval ,�.__
<br /> ``�'4"' ` ''� � which shall not be unreasonably withheld. If Borrower faits to maintain rnverage descdbe�i above, ix�er may. af i�i�fCr',
<br /> ��.
<br /> ' vption,obrain covemge to protect Lender's ri�hts in the PropeRy in accordaace wrth paragraph�•
<br /> ���'�� � ' /�1( Insurnnce policies and mnewals shall be acceptable to Lender and shali include a standard mortgage clause. Lender -�,r
<br /> �.1;�.:a,•,. ' . ..-�..:;.
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<br /> �•,,., ::,� shatl have the right to hold che policies and renewels.If Lender requires. Borrower shall pmmptly give to Lender all receipu of r
<br /> �r''����� �� pa�d premiums artd renewel notices.In the event of loss.Borrower shall grve prompt nodce to the insuraace cairier and Lender.
<br /> 1�:: . ���..�;::;'1 Lender may m�lce proof af loss if not mnde promptly by Borrower. .
<br /> !F:.�•`'r...� . 'i,'.�{:?. .
<br /> '.s��sy, Unless L.ender and Borrower otkerwise agree in wdting.insurance proceeds shall be applied to restoration or iepair of the
<br /> :i�!�`;���"^Y'�: • ::�'r ptoperty damagad.[f the resoorarion or repair is economically feasible and Lender s securicy is rtot lessened.If the restoration or _ ;,
<br /> .ti.:�. ,�: .,:..
<br /> .��it;'��.,,."•f�"='�:��^ repatr is noi eton�micalty feasible or I.ender's securiry would be lessened,the inswance proceeds shap be applied to the sums ,,'�'
<br />_ i�''a:�+►...,•,;�...,�.,��,, � �.
<br /> �. ,vd,. socured by this Security Instrunient, whether or not then due. with any excess paid to Borrower. If Bomower abandons the
<br /> ' Z�.�4'•,... _. .
<br /> .�r.-„1�.. �"-',;nft�� Property. or dnes not answer within 30 day�a notice from L.ender that the insurance�urier has offered to sQttic a ctaim,then
<br /> '- `rt� • � fr�`�r� I.ender may �oollecc the insurance proceeds. Lender muy use the proceeds to mpair or restore the Pmperty or to pay sums
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<br /> .. ,.�: t.�a�;?'_';, ` secut�eci by this Sc�urity Insuutnent.whether�r not then due.The 30-day period will begin when the notice is given.
<br /> • �i;'�Y� '"-`�°•�'�"� � Unless I.ender and Borrower otherwise agree in.writing, any application of proceeds to principat shall not extend or
<br /> �°�'""�"' _ `�'��" = posipone the due date of the monthty payments referrad to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> y�'""�"' � ":+"^' . uader paragrnph 21 the Property is acquired by Lender.Borrower s right to any insurance policies and proceeds resulting fmm
<br />- ;:.;;Y�.' ' .t��;.� � dam�e tu the Prope r t y prior to the acquismon shall pass co Lender to the extent of the sums secured by this Security instniment
<br />- '::�-' i:�.;::: . immediately pnor co the acquisipon. •
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<br /> k:�•;:•� . ��, .- 6.Occup�ncy,Preservatton,Malntenaace aad Protectiun of the Property;Borrowe�'s Loan Application: I,easeho
<br /> ••^:�,•":�.,.. .
<br /> , Borrower shall occupy.establish.and uss the Property as Borrower's prinsipal residence within sixty days after the execut[on of
<br /> ._>� ... , this Security InStrument and shali continue t� on�upy the Property as Botrower's principal residence for at least one year after •
<br />- . :.�r�. ;�,;,:_�, . the date of occupancy. uniess Lender otherwise agrces in wridng,which consent shall not be unreasonably withheld,or unless
<br /> � }; :.�;•;�;�.,,' extenunting cfrcumstances exito dete orate.or �waste'on the Pro�ity.WBorrower sha116eron�defdault�if any foArfeitum
<br /> ,i;• .•; . ProPert3'. alicv+ ttie Property
<br /> ,.:. ��'`•.�`� • aciion or pr�ceeci[ng.whether civil or crimicwl.is begun that i�Lender's good faith jud�ment aould result in forfeiture of the
<br /> ?,'�;�.;�,„�.,:� i property or otherwise materially impair the lien create�by this Security Insuument or Lender's security interest. Borrower may
<br /> +• .'' r "�" ' cure such a default and reinstate.as pmvided in paragrnph 18,by cauaing the action or praceeding to be dismiss�ed with a ruling
<br /> � ` '^%"�'i°• � ' thut, in Leader's good faith determination, precludes forfeiture of the Borrower's interest in the Propercy or nther materinl
<br /> .. ?,�:;� ; :,,� ';. .
<br /> •:,,�,;�...._:� � imp�rment of the lien created by ttds Security Instrument or Lender's security interesc. Borrower shall also be in default if
<br /> ��`h:���., ;.,.�r,:�;;,�; Borrower,durins the loan application process.gave materi�lly false ar inaocurate information cn statements to Lender(or failed
<br /> _ ��:�4,;:��' •�� ro provide I.ender with any material information)+n rnnnectiQn with the loan evidenced by the I3ate.including,but not limited .
<br /> _ ,i .,;•.. to,representations conceming Borrower's occupancy of the Property as a principat residence.lf this Security Instrument is on a �
<br /> . `._.���;,::':'.: ` Ieasehoid, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee �itle to the Property, the
<br /> .�.t�,�;::,�;,�;r,_• teasehold and the fee tide shrill not aterge ualess Lender a�rees to the merger in wretin�.
<br /> = - '.� 7.Ptvi'attan of Iandet�s Rtgttts in the Property.If Borrower faiis to pedorm the cnvea�mus and agceements rnntained in
<br /> - e
<br />- � ' � this Securiry Instnunent,or there is a tegai proceeding that may si�,nifirandy affecc L.ender's rig+�u in the Property tsuch as a
<br /> pzxeading in bankcuptcy. probate. for condemnation or forfeituie or to enforce laws or rebul�ions),then Lender may do and
<br /> r-� • - pay for whatever is rteoessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may
<br /> " � inclade paying :u�y sums secured by a lien which has pnonry over this Security Insttument. appeanng in coutt, paying
<br /> i � .. --.°---.-'°--- --�__..�..�.....�.�u.......r..�.....eY..mnoirc at.��eh ee,uier mav ta{�e acuon under this paraRCaDh �
<br />__ [C'd50II�SC aLwt7t�a �aa aw canwu.6 v.....v....p...� ........__"r—" '----v- -�- - - �
<br /> � 7.i.ender does not have to do so.
<br /> Any amounts d�.sbtused by Lender uctder this paragraph 7 shnl! become additional debt of Bonower sccured by this
<br /> Security insttument. Unless Bomower and Lender agree to other terms of payment,thesc nmounts shall bcar interest from the .
<br /> nder to Borrower uestin
<br /> . n notice from Le �1 g
<br /> dnte oF disbacsement ai the Note rate and st�all be payabte, with ►nterest, upo
<br /> , � . payment.
<br /> 8.Mat�tgage Iasuranee.If L.ender requirad mortgage insuractce as a condidon of makfng the loan�ecured by this Securiry
<br />-!� , Instcument. Earrnwer shall pay the pr�emiums required to maintain the martgage insurance m cf�'ect. If, for:u�y reason, the
<br /> � mortgs�e insnrsnce covera�e requited by Lender lapses or ceases to be in effect. Borrower shaU pay the premiums reyuired to
<br /> �, obtnin rnvera�e substc�nt�ally eguivalent to the mortgage intiurance previously in effect,at s vu�t aubstantialty cquivatent to thc
<br /> - ° -�►+Y•- cou co Bom�wer of tho mortgu�e insurance previously in effect, from an altemate mortgage insurer approv�d by �.ender. If �
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<br /> ` - . . Poa.2 m a Fotm 30Z8 9190
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