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<br /> '�t�e Fuixi�sh�11 be held in ae itt�tetut�m Wtw�e depaiti are inwred by a faktrl�� a+' �� y.
<br /> w�
<br /> Zinclud'+ng I.crnkr.Ef I,rnder is tiuch an i�.�tituti�n)s►r in arty Fedarnl Hamo I�an I�+nF�.l,�ender�ha!!e�spiy the Eh► �to pa�tb� „ °
<br /> !?�r.rnw Itcmv: �tdee ivay nnt charfic�nr��v:cr fo�hutdin�and n{tplyin$the F�nds, �nneaally wnilyring the eaCmw�ac�ud, ar
<br /> verify�n�the[:un►w It��ny.unlrss t ender puys&�rrowar iittercst nn U�e Fu�x1K a�td applicable I�w{xnniw l.�ixlrr tu rrwkd eurL
<br /> a charge. I�owcver. 4cnckr nwycc�uire tlorrow�cr tu pa+y e one-timp charge for un indepeixlent rtat e,st�te tnx rc�w�tjn�service
<br /> u�:cd h}� I�.ender In wnnertloe with this loan. unless �►lieable !aw prc�vidcs aherwise. Unless an ssr�eenimn..ie mrda cx
<br /> �ppticaOlt IQW itQL��C9 I11IC[l'SI CO I/iC pil[tI.L,cnder shal!no�be reyuircd to pay Rnm�wnr any Ec�ter�est o�eamin��an!he Hunds,
<br /> Borrower uri LaKkr rtr�y�roe in writ�ng.hawever.tfiat intercst�stwll be gdd un the t�unds• Lrnder et�all�ivo to&xrawer.
<br /> wittxwt churge.an annuul ucr�wnting of the Fuids..showing credits arx!debits to the Funds and thr. parpose fix whioh eash
<br /> uie.+ii�a�iw i'us�l+wa3 u�:tilc.�e Tnrtd,am.plc�re�as ud�iUonAf,r�y�sity fnr el!san�g stcureEl by tl�i�S�a:urity Luttcut►xt1t.
<br /> li the�unda held by Lender exaced the amounts prm�itted to be tKJd bya�plicsble taw.L�endar stWl aoocwot ta Bormwer �
<br /> fnr the eaeess Funds ia acsord�nce with tho requiren�ents ot appttcablo Isw.1i the amount of the Funds hetd by La�der at ar�y
<br /> timo!a not sufflcicnt ta pny the�scrow Items when due.Lender may so natify Barrower in writing.and.!n such case�orrow�er .
<br /> shall pay to I.en�ler thc amount neocs�.ary to malce up tho.deRctEncy. Bornower shsll c��ce up t'r�deficienry in na mone thai►
<br /> twclvc monthly paynxnta,at Lender's sale discretton.
<br /> Upon p�ayment in [ull oF�ll sums i�ecurcd by th�s 5ecuri Instrumer►t, l.cnder shall promptly refund to Borrower any
<br /> 5c ty
<br /> Funda he�G bJ+ l.cndcr.If.undcrp�g r•eph 2t.L.eader sl�aU asqtaire or scll the Prnperty,Lxndcr.prlor w tho arquisit{an or�sale
<br /> of U�e Pnoperty.�shall apply any Funds heid by l.ender at the time of acqulsitEon or sala As a credIt against the sums socurcd by
<br /> this Secudry Insuumcnt.
<br /> . 3.Applkattoa ot Payments.Unless applicabie law provides otherwise.ull paymcnts reoeived by Lender w�der Quagraphs
<br /> i and 2 shpll be a�pplled:first. to nny prepayment charges due under tho Note: seoond.to amounts payable under pxragraph 2:
<br /> third.ro lnurest due;foucth.to pr�nclpai due:siM la5t,to a�y tate charges dae under tde Note.
<br /> 4.Chirges; Lkro.8omovrer shall pay aU ta�ces.assessmenu,charges.fines cud impositions attributablo to tLe Frope�ty
<br /> which tnay nuain pdority over this Secauity Iacuument, and leasehold payments or ground r+ents. lf any. Eorrower s6all pay
<br /> these obligadons in the�n�nner provided in par.�r.�y�t►2.ur lf not paid in that manner.Borro►ie:sh:ll pay tkrm on timr dirc,�tty
<br /> to the person owcdpayment.Borrower shaU p:omptly fumish to L.ender ull noticea of amounts to be paid under this paYag�aph.
<br /> If Borrower nuikes these paymenu dlrxtly.Borrow•er shall pitnmptly fumish ta[.ender Kceipts evidencing the payaxu►ts.
<br /> Borrower shall promFtly dischsuge any lien�vMch has pdority over this Secur�ty Iastnunent unless Barruwer.(a)sigrees ia
<br /> writing to the payment of the obligation secured by the I�C��n a mi►nnner acxepttible to Lender,(b)contest�in good faith the lien
<br /> by. or detends ugainst enforrement of the lien in. legal proccedin�s which in the Lender's apinton oper.tte to prCVent the
<br /> enforcement of the lien;or(c)secures from the holder of the lien un agreement satisfnctory to Lender subordinatins the Ilen to
<br /> this Securiry Inswment. If Ixnder determines that su�y pact of the Property is subject to a lien whlch may sittain ptiority over
<br /> , this Security Gutrument.Lender muy give Bormwer a aottre Identifying the lien.8orrower shall sudsfy the lien or take o�ar
<br /> '� �,•' mote of the actions set forth nbove within IO d�ys uf the giving of notice.
<br /> �� 5. 11�rd or Propexty I�urance. &►trower shalt keep the Improvemenu now existing or hereafter erccted on the
<br /> , ,t;.4i.`,:'�`�.1'�rR Praperty insured against loss by fire,hazards includcd within the term"extended ooveruga" and any other hr�znrds. including
<br /> �.r._�.��'��7�'y.
<br /> � �- floods or floadin�. for which I.ender requires insurnnce.This insurance shull be maintained m the amounts and for the pedods
<br /> . .,��, , that I.ender requires.1�e tnsurance carner providin�che iasura:me s3�;�t ��hvs�s ts}%8uf'rauxr sulsjuY ta L�tt3es's s�prQ�s!
<br /> �;��+►�"'�,`•`'.1:;' which shsip not be unreasonably withheld. It Borrower fails to maintain rnverage described above. Lender may. at Lender's
<br /> ;`�`"'�`:•;;•r•'� optlon,obtain rnvernge to protecc Ixnder'ti rights in the Pimperty In Bccordance with parn�raph 7.
<br /> `�;�"`��,a;k;:'.-•�+'���.•, All insurance policies und r�euewals shall be ucceptsible to l.ender and shall irsclude a standard mortgage clause. I.ender
<br /> �-�'�.::•••. .-•.;:�'�' �: sl�all huve the dght to hold thepolictcs and renewals. [f Lender requires,Borrower shall prompdy give to L.ender ull�oeipts of
<br /> �.`?`."`''�• ' ' • pald premlums cutd renewril notices.in the event of loss.Borrower shall give prompt notice to the insurance cuater w►d Lender.
<br /> ' �•`�"''' ` I.ender may nwlce proof oP loss if not made promptly by Borrower.
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<br /> ;�•��:.,yc,;,,»:•, .,;�,,:' Unless i.ender aad Borrower o�henvise agrce in writing.insurance pr+000eds shs�ll be applied to�+estoration ar repair af the
<br /> ��,,;�ry.,.:_;. :. Prope[ty deRl3gCd,if the restoration ar repair is ecanomically feasible and Ixnder's security is not lessened.If the restoration or
<br /> ,,��„��_,,..._x repair is not ewnomically feasible or Lender's security would be lessened.the insurance proceeds shall be upplied to the su�
<br /> •��«�••.;,�•��•� r`�:' secured by this Security insuument,whether or not then due. with uny eaoess paid to Bomower. If Borrower abandons tho
<br /> '4�%'.,•` , ,N�f^•�. P�O��CCRy.or dces not unswer within 30 dayR a notice from L.ender tD:at th�insurance carrier hus offered to settle a claim.then
<br /> ,�*�� _.; .:•,,-' Lender may collect the insu�nce proc�eds. Lertder may use the prooeeds to repair or restore the Property or to pay sumg
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<br /> ,.;�;�.,�;-�:��:,<. . secured by this Security Insttument.whether or not then due.The 30-day period will begin when the notice is given.
<br /> ,,,,.�,,r-„M.•..w:..-c=• Unless Lender and Borrower otherwise agree in writing. uny application of pro�ceds to principal shall not eatend or
<br /> �..:.p��-• ..�,. �.�.- , postpone the due date of the monthly payments refcrred to in purugrnphs l and 2 or changc the umount of the payments. If
<br /> under paragraph 21 thc Property is acquimd by Lender,Borrower's right to any insurnrtce policies und proceeds resulcing from
<br /> dnmage to the Properry prior to the acqmsition sha11 pass to Lender to the extent of the sums secured by tlus Secutity instrument
<br /> • � �mmediately prior to the acqu[sidon.
<br /> � 6.Occupancy,Preservatfon, Mnintenance and Protection of the PropeRy;Borro�ver•s Lnan Ilppltattion;[.c�seholds.
<br /> �• Borrotiver shWl occupy.cstablish,and use the Property as Borrower's principal residence within slxty dnys aRer the executton of
<br /> a. this Securiry Instrument and shall continue tu occupy the Property as Borrower's principal residence for at least one year aRer
<br /> • • � the dute of occupancy, unl�s Lender otherwise agrees in writing. �vhich consent shall not be unreasonabty withheld. or unless
<br /> ;�°`.:� extenuating circumswnces exist which are beyond Borrower's control. Borrower shall not destroy, duma�;e or impair the
<br /> „ „ Property. ullow the P�operty to deteriorate, or commit waste on the Pro}►erty. Borrower shall be in defuult If any forfeitute
<br /> ���•�� ' action or procePding.whether civil or criminal,is begun that in I.ender's good faith jud�ment could nsult tn forfeitute of the
<br /> Property or otherwise materially impnir the lien created by this Security Instrument or I.Qnder's securiry inteeest. Horrawer may
<br /> �� '��^5��- .,� cure such a defautt:u�d reinstate.as provided in para�raph 18,bv rausing the action or procecxiing to be dismissed with a ruling '.�C:�•
<br /> ,•_�.,
<br /> � that, in I.ender's good faith determinAtion, precludes forfeiture of the Borrower's inee:est in the Properry or other material �
<br /> .. .._ _ impaim�eat uf thc {ica crcated by this Security Instrument or Lender's security inter�st. Borrower shalt :►Iso tu in default if
<br />� �� Borrower,Juring the loan application process,gnve materially fulse or inaocurate information or statemxnts to Lender(or fanlad ��''
<br /> <- .. to provido Lender with any muterial information)in connection with the lo,n evidenced by the Note, including.but not limntod
<br /> '' to,repnesentatfons concem�ng Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> � ��`��• leasehold. Borrower shull coes►piy with all the provisiom of the lea.�e. lf Bormwrr acquires fee title to the Property, the
<br /> ,,,,..• leasehold nnd the fee title shall rtc�c merge unless Lender agrees to the mer�er in writing. '
<br /> �. '���,," . � 7.ProteMEmm of Lender's 7F��ts in the Property.If Borrower fails to perform the covenants und asreements contained in
<br /> t � �'�� this Security Inacrc�ent, or there is a legal �roccedMg that may sigriific�tly affect I.ender's ri�hts in the Property(such as a
<br /> � . :�� prooeeding in Dan,'�ruptcy, ptnbate, for con��cnnatton or forfeiture or to��force laws or regs!rcions), then[.ettder may do and
<br /> �� � pay for whutever is necessacy to pibtect the value of the Property and Lender's rights in the Properry. Lender's acttons muy
<br /> '� .�u�t� n�vino �nv cume s�ered bv a lien which has �rioritY over this Security Instrument. app�ving in court, paying
<br /> , masonable nttomeys'fees nnd entering on the Property to make repairs.Although L.ender may wlce action under this p,�ragr.sph
<br /> , 7, L.ender does not have tn do so.
<br /> ° ° � Any amounts disbu�sed by I.ender under this pangraph 7 shal6 4ecome udditional debt of Borrower se�:ured by this
<br /> � � Security Instn►ment. Unle�s Borrower anJ Lender agree to other terms of payrnent, these amounts shall bear intcrest from the
<br /> , ds�te of disbursement at the Note rate and shall be payable, with interest,upon nuticc from Lender w Borrower reyuesting
<br /> ° payment.
<br /> 8. Mortgage Insucunee. !f Lender mquired mort�age insurance as n ronditton of makin�the toan secumd by this Security
<br /> � ° instn►ment, Borrower shall pay the premiva4s requfred tu maintain the mortgage insurance m effect. If, for any r�uon. the
<br /> . , mortgage insurance rnvecage reyuired by Leca�er lapses or ce:�ses to be in efFert,Bc�rn►wer shall pay the pmmiums required to
<br /> � " obtain rnvetage substantially equivalent to the martgage insurattce pmviously in effect, at a cost substantially equivsient to the
<br /> � cost to Borruwer of the mortgage insurance previoasly in effect, fmm:in:ilternate mortgage insurer approved by l.ender. If
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<br /> �� vaQO z o+a Form 30Z8 9190
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