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<br /> . . 'fl�r. j�nntls sirill ba i�21ci iii an in;tit+itir.et t•rtzn•:;;ct::p�s�it, aea i�t�tiu�zd by a Se+t;.�,�t ,,; �:y, ii�.t�nm.i�?:�lity. ��r cnGty -.
<br /> (im.l�:�if�i.,.;lf mlur. if d.::,nl�t is ;:ucSi afi fu•tisnPiuu) a;>6�au;/ 1'cd�,�,�1 Y�u��i;;X.+F:�n P,:ml.1.!:n^.lc i'�r�:l'vht�tilitcics.�:ru��lcf rui��i�u, F—. .
<br /> �,. !?�:c��rnv Icr��i•:.9��„�ic�•nriy ►;nt ch:�i•�;�t:isri+��sc;Foi:iiuldlir�etnd.�ff��lyin�;tSec L�t�ttd�;,a;i�w:�[ly 1 ' - •
<br /> =-��`:'`.�F� vcrif ui�ilic Escroa Itcros,unless l.cndcr pays itoc°�uwcr ia�tcrest on thc l�unds a��id np��licabl�lativ periuits�xc:dcr t��rfi��!:r,:,!��t
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<br /> —;��,.�J�� n ch�rgc. However,Lender n��ey rcquire P,orro�vcr to pay a ar.e-tinic cha�•gc for an inde�cr.dc►n rcal cst�tc tax re�:���ting acrvice
<br /> used.by I.endcr in counection with tliis loan, unless npplicab[e law provides othenvise. Untcss nn c��rcerient is �nade m•
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<br /> npplicable tnw rcyuires Interest to 6e FaiJ,Lender shall not bc requircd to pay Borrower any interest or earnings on the�unds.
<br /> • ---• •-_._ -
<br />��"� Bmra�vcr and I.endcr may agr«_e en writin�, hotvcvcr,that intcrest shnll he paid on the Fuitds. L.cnder sUa gtve ro rrower.
<br /> �_ .._4;_-,=-_.-�
<br /> --- __ _ - �
<br /> _ - -_ -- �vithout chnegc. un�nnual nccaunting of the fiunds, sir�wiub c►ediin a�id dcbi�s to th�('u�zd,anJ thc pur,�nsc frn•e�hic ra,c i =--_
<br /> v debit to tha IFunds wus inadc,The Funds arc pladged as: litional securiry far al(swns securcd by this Soce�n¢y Instrunxnt.
<br /> �II�����u��� If the Funds held by L,ender exceed the amounts permitted to bc h�.ld by np licable tnw,I�ender shall nccou�tt to�io�rawer
<br /> -- _-'�w�,,.�:�W�
<br /> for tGe excess Funds in nccordanee with the requiremenu of applic;able lnw. If t e umount of the Funcis held by I,ender at any
<br />-�--�:�����:� timr,is not sufficient to puy the Escrow Items wi�en due,I.ender may so notify 6orrower in writing,nnd,in such casc Borrower
<br /> =,.��;��.��'�`��i��' shall pay to Lendcr the amount nacessary ta make up the deficicncy. Eon•owcr shall make up the cteficicncy en na more tha�i
<br /> - _-.�,s��t:;.•�
<br />- --�-�r���c�r�.,_�• twelve monthly paymens, at l.ender's sole discretion.
<br /> -=;��,,,,. Upon payment in full of al1 sums secured by this Security Instrumcnt. T..ender shall pron�pdy refund to Rorm�ver any ,
<br />��,;,-T^;,�..-. `, . �A�, Funds hcld by Lender. If,under paragraph 2l, Lender shall acquire ar scll die Pruperty,Lender, prior w the acquisition or salc
<br /> --� -���ti,��;y,U�'r.'R of thc Pro ert shall a 1 1n Funds held b Lender at thc time of acquisition or sale ns a credtt against tl�e sums secured by -----
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<br /> `°'�`=�==� .�• ,. . this Security Instrument. -
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<br /> ���•r�F��`�.:. -.�' 3.Applicatton of Pnyments.Unless appl icable la�v provides othenvise,all payments rcceived by Lendcr ttnder puragraphs
<br /> �_�';+� ,:• `,:,��;:� ' l and 2•shall be applied: first. to any prcpayment cliarges due under the Note; second,to amounts payable undcr plragraph 2; _
<br /> ��° t hir d,to i n t e r e s t d u e; fo urit►,tu princi pal due:and last, to any late chargcs due under the Note. --
<br /> ��,�.�:
<br /> �" 4. Charges; Llens. Horrower shsll pay all taxes, ass�ssments, charges, fines and impositions attribvtable to the Propert�r -
<br />=�'• � • � whtch may attain prioriry over this Secunty Instcument, and Icaschold payments or grouud rents, if any. Borrower shall pay _�_
<br /> :�;,�'' ` these obligations in the manner pravided in puragraph 2,or if not paid in that manner,Bonower shall pay thcm on time direatly
<br /> � •' �� � to the person owed payment.Horrower shall promptly fumish ta Lender all notices of amounts to be paid under this par.jgraph. --,:_
<br /> �__._, � If Bonower makes these payments directly,Borrower�hall promptly furnish to L.ender receipts evidencing the puyments. �i.,�
<br /> �: � Bonower shall promptly discliarge any lien v�hich hns pnority over this Security Instrument unless Horrower:(u)ngrees in _
<br /> ' � writing to the payment of the obligation se�ured by the lien in a manncr acceptable to Lender;(h)contests in good flidi the lien ;�:-:
<br /> ',r^ � by, or defends against enforcement of thc'lien in, legal proceedings which in the i.ender's opinion aperntc to prevent thc �;n-x�-
<br /> ' • enforcement af the lien;or(c) secures from thc holder of the lian an a�rcemant satisfactory to Lender subordinating the lien to - �
<br /> � ' this Security Instrum�nt. If l.ender determine5 that any part of the Property is subject to a lien which may attain priority over �(-�.
<br /> this Secnrity Instrument, Lender may grve Borrower a notice identifying the lien.Borrower shall satisfy the lien or take one or �_��
<br /> more of the actions set forth nbove within 10 days of the giving of notice. �'"`
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<br /> 5. Hazs�rd or PropeMy Insurunce. Honower shall keep the improvements now existing or hereafter erected on the vs_,,,_.
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<br /> ps��•ny incured aeainst loss bv firc, hazaids incltided within thc tcrm "extended coverage" and uny other hazacds. including �-.'�
<br /> •� floods or flooding,for which Lender requires insurance.This insurance shaii be m�iniuincx!i�i ti��e w��a��u art�`or sl:e�ri^� f=`
<br /> , �� • ��;.. that Lender requires. The insurance carrter providing the insurance shall be chosen by Borrower subject to Lender's approval ��_--
<br /> ; -�� , '� which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above. I.ender may, at Lender's _
<br /> :=._„
<br /> option, obtain coverage to protect Lender's rights in the Property in accordance with paragraph 7. __
<br /> All insurance palicies nnd renewals shull be ncceptable ta Lender and shall include a standnrd mortgage clause. Lender
<br /> shall havc the right to hald the policies and r2newals. If Le.nder requires,Borrower shall promptly givc to Lender all reccipts of __
<br /> •.. paid premiums and renewal notices.In the event of loss,Borrower shall�ive prompt notice to the msurance carrier und Lender.
<br /> � Lender may make proof of loss if not made promptly by Borrower. ��
<br /> Unless Lender and Borcower ot herwise agree in w n t i n g,i n�u r a n c e p r o c e e d s s h a l l b e a p plied to restoration or re pair of the -�_
<br /> � Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened.If the restorntion or �._
<br /> " repuir is not economically feasible or Lender's security wo��d be lesseneci, the insurance proceeds shall be applied to the sums �-,-;.
<br /> '� secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the 1, ,
<br /> Property,or does not answer within 30 days a no�ice from Lender that the insurunce carrier has offered to settle a claim, then
<br /> ' Lender may collect the insur�uice proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> " secured Uy this Security Instrument,whether or not then duc.The 30-.fay period will begin when the notice is given.
<br /> ' ' Unless Lender and Borrower otherwise ugree in writing, uny application of proceed� cn nr�ncipal shull not extend or
<br /> . ' ' postpone thc due date of the monthly paymcnts referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 21 the Property is acquired by Lender,Borrower's right to nny insurance policies and proceeds resultin�from
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immediately prior to thc acquisitian.
<br /> 6. Occupancy, Preservnt[on,Maintenunce and Frotection of the Property; Borro�ver's ivan Appltcation;Leuseholds.
<br /> p Borrower shall occupy,establish,and use the Property as Borcower's principal residence within sixty days after the execution of
<br /> P � this Securiry Instrument and shall continue to occupy the Propeny as Borro�ver's principal residence for at least one year after
<br /> , the date of occupancy,unless Lender otherwise a�rees in writing, which consent shall not be unreasonably withheld, or unless
<br />: i : extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, da�nage or impair the
<br />- Property, allow the Property to deteriorate, or commit waste on the Propeny. Borrower shall be in default if any forfciture
<br />. t action or proceedin�,whether civil or criminal, is begun that in Lender's goud faith judgment could result in forfeiture of thr,
<br />� Property or otherwise materially impair the licn created by this Security Instrument or Lender's security interest. Borrower may
<br /> cuce such a default,and reinstute,as provided in paragraph 18, by causmg the uction or proceeding to be dismissed with a ruling
<br /> that, in Lender's good faith determination, prccludes forfciturc of the Borrowcr's intcrest in thc Propetty or othcr matcrial
<br />'° � impairment of the licn crcated by this 5ecurity Instrument or L.cndcr's security intcrect. Borrower shall also bc in default if
<br /> „ Borro�vcr,during thc loan application proccss,gavc matcrially falsc or inaccurate information or statements to Lender(or failcJ
<br /> to provide Lender with any material information) in wnnection with the loan evidenced by the Note,including.buc not IimiteJ
<br />� � to, representations concerning Borrower's occupancy of the Property us a principal residence. [t�this 3ecurity (nstrument is on a
<br /> � leasehold, Borrower shall comply with all the provisions of the lcase. If Borrower acquires fee title tn the Prope:rty, the
<br /> leaschold And the fce title shall not mergc unlcss Lender agrees to the merger in writing.
<br /> � 7.Proteetion of Lender's Rlghts 6n the Pteoperty. If Borrower fails to perform the coven�nts and agreements contained in
<br /> _ ! this Securiry Instrument, or there is a legal proceeding that may significantly affect Lender's rights in thc Property (such as a
<br /> +`. proceeding in bankruptcy,probate, for condemnation or forfeiture or to cnforcc la�vs or rcgulations), then Lendcr may do and
<br /> -• — -----.--�---- .. _._.�_._..__:.. ..d.���..� r.,„�.,r,.rr rh�� v:�luc of thc Pronertv and Lendcr's rights in the Property. Lcndcr's xctions may
<br /> - �ay �vt wuaw.... .� .....«�.....� -�
<br /> T include paying any sums securai by a lien which ha� priority over this Security Instrument, appeanng m coun, p:�y���g
<br />� t rcasonable attorncys'fces and entering on the Propeny to makc repairs. Although Lcnder may tskc action undcr this puragraph �
<br /> - 7,Lender does not havc ro do sa.
<br /> Any amounts disbursed by Lender under this parsgraph 7 shall become additional debt c�f$orrower sccurai by this I
<br /> rt date of d sbursement at I I�e Notc W tc�•and hall bebpayablc thw'th interest�pon not ectro►n uLendcr'tobBorrowcrsr yucsting I
<br /> . €ti . . !
<br /> 1 payment.
<br /> : •- S.Mortgage InsUran�e. [f Lender requited mc.�rtgage insurance as a conJition of making the loan secured by this Security
<br /> Instrument, Bon•owcr shall pay the prcmiums reyuircd to maintain dic mortgagc insurancc in cffcrt. lf, tiu any rcuaon. thc i
<br /> mortgage insur:u�ce cover��e required by I,ender lapses or ceascs t�� be in cffect. Borc��wer tihxll pay the premiums required to
<br /> obtain coverage substantially eymvalent ta the mortgage insurancc previously in cffcct, at a cu+t xubstantially eyuiv:dent t�� the I
<br /> � , .. � cost to Borcower of the mortgagc insurance previously in effcct, fri�m an ,►Itcrnatc mortgagc insurcr appreivcd by LcnJcr. If I
<br /> .. ' .; � , �
<br /> � • ° Form 3028 9190 �
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