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<br /> Yr ` �Q� a,, }�,,�x' � (,} �(�,M= �} ` s €c�-�1i�p� m�ity,�rr entir� < �.
<br /> �. - �.�'-k�til�7,'.' � �' i1E4i ��nUJ rJE1.Clll �1141�_� � �itl4ll��l�{3� Ci4�S1lS P.xc 11�SSU'tt�E`11j� �a �Y• �� - . ..
<br /> _ ��.�..-•- ' �(inslitdi�g I.ead�r,if�.r,n�er is�usit raa�',ritu6�n)or in sny F��"�Ia�:t.��n B.an�c.�i�n��r s�u�t tt�c Fur�ds to pa�y t�e t . ` ,
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<br /> =` � , F,s�m w i s r e m s:I.c u d e r m a�'•a�c h�r B e�s s r a�!c r f o::�o t s�t a g a m a t i p p�Y i n B Ehs gund�,ann�,lI�AnaiY�7� ��crc�w a-.�huat:o'r,_
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<br />�� � venY'yin,g i&�ESCrow I4�ms,a�ts�gss l�ns[er.`pays'Ba�raw�f int�sE en t�F,e�s aad applicabie la�`r petm�:ts t.e�er ta cnat,:e s;zrPf '�. ;<;
<br /> ; _. ,. , i[18
<br />_. . , p ehar+��fiawev$r;L�uddr en�y r�eqaire Bor¢awfr-cd a o�le�ttme char��fa�i on�ndepEnde�i re�estate[�x�repo�tieg scsvi� .
<br /> �- _� _ . .�_ : `�t�:t��r.�� cnn�rtian.vrisfi tt�to�a,.tuti� �s�lic2ble Iaw presvi�es otfio�qvase. tl�iess en.agr�u�ni as t�de or
<br /> i.-, , < . �. � _ _
<br />- . spplirab�E�require`s•in€enst to be pai�.Len�ier�s�sll�not�e required�to`p�y 8bsaower�Y��r eamc�s-ct��re����• ,..,`.- .
<br /> � Bo;mwer�4 Lender m�y�egce�i�� ..howev�et.�at imerest shaU�paid on tfis�uunclls.Lender°�Gal�.'�ive ta.$�ormwcr,�
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<br />-�, - -,� ,.a .�withaat r,d�arge,aa a�n�asc�unsing"�o�t�te�ru�d�;showim8 sra�its aAd debita un,the Faads artd t�he 1P�se fas which eae�a. •
<br />- r=���� �.r. . z. , —
<br /> :��` `�.�;;..�gA4�'et'� ' debit ta the�unds was made.Thx Funds ere pledg�d a�additionaI�se��ety for�tt eu�s sccu�ed b}r thi��arcty I�suu�ent• �. '
<br /> �:"�,=:; � ---- . �If ttie Fuiads.t�f�by iend�s exa�the am�nis p�rmitted t4 tie held°bi►ap�i li,ca6le ta�i„Le�der s1�i1 acvnuat tu Borcn.wer
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<br /> `"• .� ,.`y .�.� . for the excess.Fu�ds irt accardance witYt tt�e recYuisc�emts of appliGabl�law If thc mnouni o€t1��und�held by I.�nder nt any .,_
<br />_ -� �`-�`_,'�`�`-•-`� '_� ` mzce is xwt sut'�cieui eo pay t�te l�sceaw�s c�dw..Le�xt:.r� da, �i�i�t�+�.�-ins�h.�asa�3osr��-. - -
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<br /> ��=`� shall pay to Leader the amouut,uecs�saiy tQmatce up tts�dgficiencp. Borrower.ahall maks'up the�iefscieasy in ua�more tl�an
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<br />_ :�_-::.F=.�, "_��„' _ te+relve moathSy PaY�:ents,at�end�r's soIe disc�etion. � �
<br /> ;:,�:. {::��:.�`.;��:�� tFpon PaymenE ut full of all 'sams seciued by thig 9ecvriEy Inshumem. Leader sha1J.PrdmPUY refuad to BBrtower anjr
<br /> • �'� Fuuds heEd by I�.If.u�der yaragcapb 21 Lender shall arquire oY sell the Pmgerty.Lea�er,�rror co ttte a9quisi4io�Ar sate
<br /> ''.:a-:rr;'..:_;x�`•�.. .
<br /> �_`: ` '�,, pr�nY. �Y�'l FuAds hetd by I,e�der�S the time of acqttisition urF saie as a ccedit agai�st th�s�ms sec�ued bY .
<br />. `�`�,,�, --r_. of tae shaU.
<br />_ �s''',:�.: .•�i�.:,� �. . this Secnrity I�ua�ceni. • � . , . . . , :. ,
<br /> .°`"`-`.:�•.�-`��y..�`', nLa recaeived'b Gend�under
<br /> ;:'�;_, :.., . , 3,Apgt�Fon uf Paym�.ta.Unless applicabte law pravides ntheradse.rill paj►me Y ��S
<br /> _ .. . ' '�•.�.4�'Y'9�
<br /> - :;_�- "''•' �- .i en�2 shall be appliec�:first,to anY preFaYmem c�arges due nuder the Plote;sernnd,to amounts paya6Ie�er paragrapb.2; . -
<br /> - - - -�s t thitd,ta interest due•favrth,w pri�ipal due;and last,to�ny late cbasgss c�ie undea the Nate: . , � -
<br /> , .; ,. _ t
<br /> _ �',,. .: _.�; � 4.Charg�i.f¢a�Borrower s�all pay a!1 taxes acse��,�r��cl�es, fiaes and im�asitions attributabl$`ra the Propertq -
<br /> ``":.`,`,�`.�``;�''�":' � �wluch may atrain piiority over tbi.s Seauity I�mQnt,aud leasehoId gaycne�►ts'or ground cents.�f any. Borrawer sAall pay . �
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<br /> t-,:,::'... �:= these obligatioas in tfie manner pravided in paragraph•2,or if not ga[d in�maturer.�crawer shatl gary th�em on time directly -
<br />- to tt�e pc�sou owed payment.Borrower shaU prampdY furnish t.�Leaaer alI aotices of amaaatv to be pa.ad under this paragrapl� -
<br /> �:� `� ,: If Bmmwer makes these.gayments diredty,Barrower sh�l!promptty fumish w(.eader receipts evid�ncing t�e P'�Y��.. _ -
<br /> - - �''`•�`� ' Sortower shall prompdy diseharge any lien which has priarity.over EHiS Security in�n,�ms^t uniess Sorrower.fa)agrees in _
<br /> . • ,..
<br /> `�.° •� wri ti�3g t v t b e p a y r n e n t o f W e o b l i g a t i o n s e c u r e�b y,t h e l i e n i n a m a n n e r a,c x e p t a 6 t e t o L e n d e z:(b)c o m e.�t s i n g u o d f a i t h the.Pen -
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<br /> . - '...-_-...T.�;..ry.: . . .
<br /> �` ; ::� � _..-----by.or defe�a�aast enforcement'.of_the_lien i�,.legal_pnocxedings wE�fch.in_the I;eIIder's opinioa o to e
<br />°-��` � . enforcement of tl�e lien:or.(c)secares from the holder of ti}e lien an ap,c�uieni saiisfactory.to Leuder suBo�' 'rdmaung the lieA to --
<br />_ �� .�� , this Sesurity Iusuument. If Lender de�ermines that any part of We Property is subject to a tien whicb may attain priority aver, . _`
<br /> tbis ge�urity Insuament,iender maygive Bormwer a notice idenufying tLe lien.BF,rrower shall satisfy the 1len or take one or. ____
<br /> � � � . ��� moce of tbe sctions sei fiorth above within 10 days of the giving of aotice. =_-
<br /> :::s.::�.�. �..; ;_:.:,-�: S. �aaard or Pcoperty I�smanee. Borrower shal! keep the improvements now ex�sting or hetrafter er�oa tbe • �•°--
<br /> .�:. ..� -
<br /> ' . . . '` `- prupertyr insured against loss by�,haz�rds inciuded vrithiu the term"extended ooverage" and•aay other ha�ards, inctuding ' :°
<br /> • . . .�.�� ';t . tioadS or flopdi�:for which Le�er requires insurance.T6is insvrance sbalt be maiatain�d ia tbs amounts and for the periods , _-
<br /> . � - `�,`'�':':;,•, , th�+i�Lender re�pi�s. '�he iasararice carrier praviding the i��„�nce sball be'chosen by Bosmwer subje.ct to Lender's appruval . --
<br /> . `.'�'A�=. �'. � �.'�•` �'` : �asfiicit shal!nat tir unreasonably withheld. ff Borrower fails to maintain coveiage�c ribed a b o v e,L e n d e r may, a t Lend er's __
<br /> . � +�;,;':;:,.� �: �"�s;��,';.: � oriion:obrein cavzz�ge to pmtect Lender's sigdts in the Property in accordance with Fa3agrapfl 7.. ;•_, �
<br /> • �„ .� All insuram:e�vlicies and renewals shaU be acceptable to I.ender and shatl include a standard mqrtg�i�i�;se. L:eatder �.-:__
<br /> • • :-`.:��• � shall.have the rigt'�tQ huld the policies and renewals.If I.ender requires.Eorrower shall promptly pse to(:.��:,�ti receiFt;�°4�. �•�•
<br /> � ..`. •. , ' ":;�y:' paid premiums aui£s�newal noaces.In the event of Ioss.Borrower shall give prompt aatice to thr��'�se�tzs;�r�hd�IsGndni';,. �-�
<br /> � 'r,r� I.ender may make proof of los if not made promptty by Bor[ower. ";:-� .':: ' _--
<br /> . Unless Lender and Borcawer otheiwise agree u►writing.ins�uance proceeds shall be applied to`resto�atia�ivr iepair of the -
<br /> "- , • . . Fcoperty damaged.if the rescoration or repair is economically feasible and Lender's security is not lessen�l. I�t�e restorauon or �
<br /> repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shail be applied to the,sums ��__'.
<br /> • ' • secvred by this Security Instsumen� whether or not then due. W�� �ry e�tcess paid to 8orrower. If Borrower abandons the --
<br /> • � Pcoperty.or does not answer within 30 days a nfltice from Leuder that the insurance carrier has offered to setde a claim. thesr ��='
<br /> - . � Leader may collect the insura�ce pioceeds. Lender may us$ the proceeds to repair or restore the Pmperty or to pay sums !���_-
<br />� �� � s':;�?�'.-. � �' . z sc�cured by this See.vrity Instn�curnt,wttether or not then ds�.'fhe 30-day periad wil!begin when the norice�s given. r-=--
<br /> ' �"��'!?+`•`��. . iJnless Lender and Bor�r�er otherwise agree in w�ting, any application of proceeds to priacipal shalk not extered or ��_
<br /> � .. � po`stpone the due date of the moirthly payments referred to in paragraphs 1 and 2 or change the amount of t8�•�,+ayments.If _.
<br /> - • . . .:`;�,: , � under para�-dP�.Zk the Property�s acquired by Lender.Bor'rower's nght to any insiirance polirirs unii procec�;3•n.,�Iting from _--
<br /> �. : . � � :w�� . . damage to che.RcgF�cty priar to the acquisitiqn,shal!pass tQ Lendes ta ti*�+extent of the sums secured G�this�ay Insvumer,.� �.,-
<br /> •' .':i•.. : ' ieri�.ediately pr.'ccTO the acquisiuon. s--
<br /> - 6.pccupancy,pc�esQrvatEon,Mainteaance nad Fknis�tion of the Property,Borsower's Loan�ipptccs�u�.Lease6nid9. _
<br /> . � . Sarrqwer shall axupy,establish,and use the Pcogeny as .�,�orrower's priricipal resideuce within sixty days afteg tf��execution of _
<br />- ' � ' ' • =>;• this Securiry Instnunent and shal!continue to occapy tl:.Property as Borrowers principal resideirce forat least onc year after . �.,,
<br /> � '� ``4 the date of accupancy.w�lsss Lender otheraise agrees in writiog. which consent shat!not be u�onably withheld.or unless .
<br /> � .� • ,' ��''• extenuating circumstaaces exist which are beyond Borrower's wntrol. Bmrower shall not destroy, damage or impair the
<br /> � �� " Property. allow the Property to deteriorate,or commit u'aste on the Property. Bormwer shall be in default if any forfeiture
<br /> � <:�:•,... �•c. .
<br /> . r 'ar.tion or prmeeding.whether civil or criminal.is begun�yat in Lender's good faitIi judgmerit oould result ia forfeiture af the
<br /> . PEOperty or othetwise materially impair the lien created b�this Security Instrument a:L.ender's security inter�t.}�orrower may
<br /> ' � �� �'s cure such a default and reinstate,as provided in paragrapt�18.by pusing the action or proceeding to be dismis�ii with a ruling
<br /> • • �'''''� that. in l.ender's good faith determination. preclades forfeiture of the Borrower's interest in the Property or other material
<br /> _ •'�' � � • � - �- �'':,`r • impairinent of the lien created by this Security lnstrument or Lender's security interest. Boaower sriall also be in default if
<br /> `� �• ..' .. Borrower,during the loan application process,gave materially false or inaccurate information or statements to l�nder(or failed
<br /> , , ' • to provide l.ender with any materiai infom�ation)in conrteaion with the loan evidenced by the Note,including..�ilt not limited _
<br /> • � ' • to,representations conceming Bonower's occupancy af dr.e[�ropeny as a principat residenre.If this Security In.�suvment is on a
<br /> � � • �',;.i: leasehold. Borrower shall rnmpiy with all the provisiors of the teas.�. If Borrouer acquires fee titlo to thz Property..ths
<br /> - '�'`; leasehold and che fee title shall not merge uNess Lendre agrees to Uie ni�tver in writing. �
<br /> , ' �,:����t 7.Protecdon of Lender's Rights in the Property.If Borcower Fai[s to perform the covenant.�anc�agreements oontaine�i in �
<br /> �.. ; " • this 5ecurity Instniment. or there is a legal proceeding that may signifcantly affect Lender's rights in the Property (such as a
<br /> ��. � , � pmceeding in bankruptcy.probate,for condemnation or forfeiture or to enfone laws or regulations). then Lender may do and
<br /> •_ ;. • � pay for whatever is necessary ro protect the value of the Property and Lender s rights in the Praperty.Lender s actions mzy
<br />- � ' ` include paying any sums secured by a lien which has prionty over this 5erurity Instrument. appeanng in court. paying
<br /> '� � ', � reasoaable attomeys'fees and entering on the Property to make repa�rs. Althau�h l.ender may take action under this paragaph .
<br /> ' 7.Lender does not havc to do so,
<br /> _ �`. ;� . ;. : Any amouats disbursed by Lender under this paragrapfi � shall become additional ilebt of Borrowei secured by this
<br /> t � . Security Instntment. Unless Borrower and Lender agnee to other terms uf payment.these�mounts sh�ll bear interest from the
<br /> date of disbursement at the Note rate and shall be payable. �vith interest. upon norire from Lender to Borrower requesting
<br /> ..�.':- - .. ..=' �:- - ' payment.
<br /> ,', . 8.Mortgage Insar�tnse.If I.ender tequired mortgage insurance as a condition of making thc loan secumd by this Secudty �
<br /> , . � • • Insmiment. Borrower shaU pay the premiums nequired to maintain the mortgage insurance�n effect. lf. for any reas�n,the
<br /> . mort�e insurance coverage required by Lender lapses or ceases to be in effect. BOtrower shall pay the premium5 requimd to
<br /> � obtain coveTage substantialty equivalent to the mortgage insurance previously in effect,at a rnst substantialiy eqnivatent tn the
<br /> ' �.•[_ : , � • � cost to Borrower of the mortgage insurance pteviously in effect, from an altemate mongage insurer approved by Lendec. [f
<br /> .T' . . ;.. - • • . . �
<br /> ;• , . � ' . '. . , vaao�oi a Form 3028 919G1
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