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<br /> n irsttitudcn wfwsc ii�asre insurod by�fwl�r�l �qcncy. insuumeaseit . or eatltY ,
<br /> T!M F u n d s s fi�i! b e i s e l d i �n d e�a s �j K .
<br /> (in�sludiqg Lcra�r.r. If 1.ender is such An instiQution)or tn ony l�c�ral 1{Umc f.oan 11ank.l.c n des e ha i E app iy t h e�u �tu.�y���o
<br /> �s.a;rotv Itcros, l.endcr s��wy nat ctwr�e l3arrawcr far hot�fny�nnd apPlytng thc Cu�rxls. aiiutcully na�alyrinz=,�la�cs.:row uc�ount,�e
<br /> verlfying�he�sc�row Itrms, unless l,.endcr pays Borrower interest on the Fwxis and ap licabte luw pemut��.enalec rn malce sucb .
<br /> •cherge.Howevtr.I.ender mayr�quire Bmrrowar ro pay a at�•timc ch�rgo for�u►i�epen�lent se�l eatAte tpx reportir►�`rrvlc�c ,
<br /> uRCd by Le�la irr conntctien �vith thin lou►, unle:�e �pplic�blo law provides aherwlsa. Unless an a�rarn�at ie rr� o�
<br /> appiksible f�w cequttes interat to bo pdd,Lendcx etwlf nM 6e rtquirod to ps�y Sorr�wer any intcrest ar atrning�nn the Funds:
<br /> goimwer and Lerydet rruy agrae in writing. Aawcvtr.tt�t.intdte�t nhtl�be pid at tho Fund�. L.ender ah�ll��ive tu 8arrowes.
<br /> wlthout charqo, �us annutl accowt�in8 af iha FwMls, ahowIng srcdica Rnd deblu; ro the Nunds and the purpose for which eACh
<br /> debit to the Funcle wu�t�do.'t1�e Funds iu+e plod�ed ys Additlon�t secudry fur di sum�t se���'etl by litia^�t��',ur�'ttp��'�tittv�i�;a�ti.
<br /> I�'the Puids held by Lender exceed thc amounta perml.ued to bo held b�r�ppIiwble law. L�cnder sial! eocom�t to�anower
<br /> far the ezcas Funds in acaordance wtth thecequirement�of applirabla law. If the amaunt af the Funda held by Lender pt any
<br /> time is not sufficient to p�y the Escrow Itams when dae.L ender mny so notifjr Barra�wa in wriUng.and.in such cusc Bnrrower
<br /> shall pay to Lertder Uto amount neressary to m�ke up the def clency. Horrower sl�all make up the de�isiency in no morc than
<br /> twdve month►y paymenta,nt Lcnder'+�sole discrotEon.
<br /> Upon payment ie Nll of all sums secured by thia Securtty Instrument,i.cnder shall pmmptly r+eft�nd to Borrower any
<br /> �unda held by Lender. If.under parngraph 21,Lender shall ecquli+e or Fclt the Prope�fy.Lender.prlor to the acquisidon or sulc
<br /> of the Property,shall apply nny Funds held by Lender nt tho timo of acquis�don ar sale as u crcdit agairnt!6e sums secured by
<br /> this 5ecudty Instn�ment.
<br /> 3.A�pitcttton of Pam�ents.Untess appllcablo law pmvida otherwlse,all payments received by I.ender under paragrapha
<br /> 1 and 2 shuU be upplted:first.to nny prepuyment chnrgcs due under the Note;second,to awounts payable under parngraph 2;
<br /> thlyd.to interest due;fourth.to principnl due;and last.to any latc charses due under the Noze.
<br /> 4.Chu�es; I,lenv.Bomower shnll pav ull taxes.assessrnents.charges.fines and impositlons aaributable to the Property
<br /> .� which may attain pdariry over this Secudty[nstnunent, and leasehold payments or ground rents. if any. Borrower shall pay
<br /> these obligations in the manner provided in paragraph 2.or if not paid in that manner.Borrowcr shall pay tbem on time din�ly
<br /> to the person owedpayment.Borrower shali promptly furnish to Lender all nadces of amounts to be paid u�ler this paragraph.
<br /> •- -i• if Borrower makes these puyments diractly.Borrower shall promptly furnish to L�emier receipu evidencing the paycnen�g.
<br /> '��• ""` � Bomower shs�ll promptly dlscharge any lien which h�.s pnodty over this Secudty insuument ualess Borrower: (a)agrees in
<br /> writing to the payment of the obligadon secumd by the lien in a manner acceptable to I.ender;(b)oontests in Sood fatth the lien
<br /> r=��'�r. �� � by,oc defewd.g agafnst enforcement of the lien in, legul procecdings wbtch in the Lender s opInton aperate to pravent the
<br /> .���� enforcemcmt of the lien;or(c)secures from the holder of the lien an agreement satist'actory to Lender subordinating the lten w
<br /> `:���;' '•�; this Secnr�ry Insnvment.[f Lender deteraii�es that any part of th� Property is subject to u Ifen which may attein pdority over
<br /> �'"`''�` this Security Instrument,Lender mny give Borrower n nottce identifytng the lien.Borrower shull sadsfy the lien or talce one or
<br /> �r;��;;,.:;,° �„r more of the actions set forth above wlthin!0 days of the giving of nodce.
<br /> �,,,:.�-;:.r..:.'�:,�.• �`• .�. Hyr�rd ar Property Insurance. Borrower shail keep che im��vecrtents now existIng or her�after etected on the
<br /> '�`�� � � � ' Praperty inanred �gainst lass by fire. hawe+ds included w[thin the term extended rnverage" sutd any uther hazards. including
<br /> ',?, .._•-�, �::",: -J tl�ods or floodtng.for whic�I xnder requlres insurance. This imurence shall be mainwine�in the amoants and for the perlods
<br /> , �:;, , ,. that Y.ender r�equi res. 'I'he insurnnce carrier providtng the insurance shuil be choser. by 8orrower subject to l.ender's approvei
<br /> � � �� ' whfch shali not be unreasonably withheld. If Horrower fails to m a i n t a in coverage descri b e d u b ove. L.e a►d e r m a y. a t I.ender's
<br /> ,.'t°�'' . opUon.obtain coverage tu protert Lender's r�ghts in the Property in uccordartce wtth paragraph 7.
<br /> • AII insurance policies a�renewals shall be ucceptable to L.ender and shall include a standai+d mortgage dause. l.ender
<br /> shall have the right ro hold thepolicies and renewels.If Lender requires,Borrower shall pmmptiy give to I.ender all ceceipts of
<br /> •�~, � paid premiumg and renewal notias.Tn the event of toss,9omower shall give prompt notice to the insurance cartier and L.ender.
<br /> ��.: :. . ' "� [.ender may rnake praof of loss if not made prompdy by Borrower.
<br /> .";'.• �'`.'' Unless Lender snd Borrower otherwise egree in writing. insurance p n o ce�d s s h a l l be a p p l i e d t o re s t u r a d o n o r re p a f r o f t l t e
<br /> ��`?� . - `' property demaged,!f the restorntton or repair is economically fcasible and Lender's secudty is not lessened.If the nestoration or
<br /> �.��•� • •�• • r�epa�r is not cxonomlcally feaslble or l.emier's security would be lessened. the insurance proceeds shall he applled to the sums •• *
<br /> `'� secured by tiiis Security Instrument. whether or not then due,with any excess paid to Borrower. If Borrower abartdans the . .�,,
<br /> _ ' Property. or daes not answer within 30 days u nodce from Lender that the lnsurance carrier has offer+ed to setcle a claim.then -�'
<br /> ��., ,•�. ... . , [,encier may wllect the insurance procee�s. Lender may use t6e proceeds to rcpair or restore the Property or to pay sums _„�:
<br /> '�"'+'�'� r ' securat by thls Secvrity Instntment.whether or not then due. 'The 30�day perlod will begin when the notice is given. -_�. ..
<br /> - ' Unless Lender and Bon+ower otherwise agree in writtng,any applicat�on of proceeds ta principal shall not extend or ,.
<br /> ` �. ' " .� post�wne tfie due date of the monthly payments referrai to in paragraphs 1 and 2 or change the sunount of the payment�. If . ;
<br /> :,.. , under paragraph 21 the Property is acquired by Lender,Bomo�ver's dght to any insurance policies and procceds resultin�fr�om
<br /> � ' damage to the Property prior to the acquisition shall pass to I.cnder to the extent of the sums secured by thjs Security[nstcument
<br /> '��,'`;:iE� immediately prtor to the acqulsition. •
<br /> � ���' 6,prcupsncy,Prrservation,Maintenancc and Frotectiort oi the Property;Borrower•s I.oan Application; I.easeftol�ls.
<br /> �• Borrower shall occupy.establish,and nse the Property es Borrower's principal residence within sixty days after the execuuon of
<br /> �'`-' ��� ' this Security lnstrument and shall continue to occupy the Property as Borrower's princlpal residence for at least one year after
<br /> '"'"��,. � . the date of occupancy.unless Lender otherwise agrees in wriang. which rnnsent shall not be unreasonably withheld.or unless
<br /> ,..-�� • extenuating circumstances exist whIch are beyond Borrower's control. Borrower shall not destmy,damsige or impair tho
<br /> :��5�.°^ , Property. allow thc Property to deteriorate,or commit waste on the Property. Borrower sluill be in default if any forfeiture
<br /> i.;..• action or praceeding. whether civil or criminal. is begun that in Lender s goai fuith judgment wuld result in forfeiture of the
<br /> ` �� , property or cRherwise matedally impuir the lien created by this Security Instn�ment or Lender's security interest.Borrower may
<br /> �� . cure such a default and reinstate.as provided in paragraph I8.by causing the action or proceeding to be dismissed with a n�ling
<br /> that. in Lender's good faith determinatlon. preclud�forfeiture of the Borrower's interest in the Praperty or other material
<br /> impairment of the�ien created by this Security Insuument or I.ender's security interest. Borrower shall also be in default if
<br /> �; Borrower.during the loan application process,�ave materially fnlse or inaccurate information or statements to Lender(or failed
<br /> �I.1,I to provide I�tder with any material information)in connection with the loan evidenced by the Note, inctuding,but not limited
<br /> t, , to,representations mncernin�Borrower's occupancy of the Propecey as a principal residence. If this Securiry lnstrument i�on a
<br /> �• � leasehold. Borrower shall oomply with all the provisions of the leasc. If Borrower acquires fee title ro the Property, the
<br /> �� ' leasehold and Ue fee title shall not mer�e unless I.ender agrees to the mecget in writing.
<br /> � . 7.Prntection of Lender's Rights in the Property. 1f Sortower fails to perform the covenants and a�reements contained in
<br /> � this Security InstNmen4 or there is a legal proceeding that may significantly affect Lender's rigl�ts in the Property (such as a
<br /> � �"' proceeding in bankruptcy,probate.for condemnation or forfeiture or to enforce laws or regulations). �hen L.ender may do and
<br /> ' y for whatever is nccessary to rotect the value of the Property and Lender's rights In the Property. Lender's actions may
<br /> �. _.��.. _ �:.... ...�.s..�. �,..., ..n�., ..var el.ic Cs�r��r:w inctn�mrnt :�n��rinv in cou[i_ navitt¢
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<br />�. � ' ' reasonable attnmeys' fees and entering on the Pmperty to make repairs.Although Lender mpy take 3ctinn under chis para�raph
<br /> 7,Lender daes not have to do so.
<br /> � � .• Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> �• Security Instrument. Unless Borrower und Lender agree to othcr tcrms of payment,these amnums shalt beur intemst from the
<br /> date of disbursement at the Notc ratc and shali be payabte.wtth interest,upon notice from Lender to Bormwer requesting
<br /> " puyment.
<br /> �' 8.Mottgege L�surance.if Lender required mortgage insurance as u condition of making the lnan secured by th�s Securiry
<br /> �� . Instrument, Borrower shali pay the pmmiums requirad tu maincain the mon�age insurance �n effect. If, for any ceuson, the
<br /> mortguge iresurunce coverage requirod by Lender lup�e� or ceases ro be in eff��ct. Borrower shall pay the premiums requind to
<br /> � . nbtuin covernge �ubstentially equivnlent to the mort�age insumnre previously in etTect,ut u crost sub�tantinlly eyuivalent to the
<br /> � cost to Borrower of the mortguge insurance previousty in effect, fram un ultemute moit�a�e insurer uppniveci by I.ender. if
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