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<br /> � Y1��� �'n�t�i�� r•ii^II ir hrld i�� ;�tt iii�t�iitiii�it t:i!tre ci:p��,ils nr.: i���.m•.:�1 {�y .� L:itc��:l ,r;;:ui.y, iir.t,tin��,i�:G:y, �r� �.,•i�1y ."..
<br /> � (inclui�i�r; I,cr�dcr.if lr�ude�t is�:uch;m in;litniiun)or iu any➢�cd;;�al Woi�iz Y.»::u[::10�:. �AItI�CI'Sllall,;r,ly Uu� thnt�a�;tn�;:;y('t�
<br /> _---'�_.'���i»�. • A�til'POW II4:1115. I.crldcr��ia not cSi�r�c 13urm�Lar fur lioldin n�id a 1 i�� tiic i�un�is,annually n�b�lyriog tFic esaow;cci►unt, or �1-
<br /> Y���v—�'"�A"`G++� vcrifyin�thc�?scrow Itcros, unlcss l�,�nilcr pays 13arro��•er i$teti'cst op tlic��nds anrl aPplic�hto law�crmitr, Lrud:c 9c�rnakc 5uch
<br /> =�'�""�-__--�-_U_ a ch�rge. 1[owevei•, Lc;i�der may rey►ii��c Uorrmver eo p�y a one•tint�churge for on inde�r:ndent real rstnte tax rc�reu�ting scrvicc
<br /> usod by [..c�xtcr in conncstion with ihis loan, unless npplicabic !aw prpvidcs adterwise. llnliss an c��rac:ntent is mac!e or
<br /> -��_•��:_'.�:�'��_� npplicable In�v rcqaires interest to he paid, I.ender shall noY bc r�quir•.d ta pay Qorm�ver nny interest�r carni���s on tlte Fn�tds.
<br /> �3orrower And i.cnder muy t�,,rrc in writing, howc��cr. thnt interest shalt be paid on thc Fimdy. 9.eneler sir.dl biv�iu B�n�owe�, �-
<br /> - without ci�arge, nn anniial ucco�entins of the Funds, shawing credits u�d debits to the Funds anai the pur�wse for which aich
<br /> .,...�_°-;�� debit to dtc Funds was madc.Thc Fuiids nre�icdged ns additional securcty for all sum,s sc�curcA by thi5 ScCUrity Instniment.
<br />_ --____-_s-m----� If the Funds he(d by l.ender exceeci the amounts penniued to bc hetd by applicable la�v,l.cnder siiall nccount to Barrowcr
<br /> �.o—�., - for the exccss Funds ln acconlancc with thc reyuireinents of applicablc law. If the :unount aF thc Funds neld by L.ei�der nt imy
<br />����, time is not sufficient to pay the Bscmw�[tems when due,I.ender may so notify Bnrrower in writing,und,in such casc Borrower
<br />,.-;��_�y-»����- shall pay to Lender the amount necessnry to make up th�dc rricfency. Borrower shall make up the dcficiercy in no more thIIn
<br /> _�m,__ • twelve monthly paynunts,at Ler.der's solc discmtion.
<br /> �,�;,f;,:. ,�R-. � Upon payment in full of a11 sums securecl by thts Security Instrum�nt, l.end�r shaU promptly refund to 13orrower any
<br /> :�� f�^' Funds hcld by l.ender. If,undcr parn;mph 2l. Lendcr shall acquirc or sell t�;e Property,I.end�r,pri��r to thc�cc�uisition or salc
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<br /> �'�•i;';,:>•o,��Yu�t•,;' of the Property,shall apply any runds held by Lender at thc time of acquisiiaon or sale as a credit against the sums sccurcd by
<br /> �"�" f;`• �"'i'' , this 3ccurity Instrument.
<br /> :""'���'-�:'' ''�''``�� : 3.Appl�eatian of Enyn�ents.Unless applicable law provides othenvise,all payments received by Lender under paragrapl�s
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<br /> �-",,"�"-"�"�"'-�• � 1 and 2 shall bc applied:first,ta any prepayment charges due undcr thc Note; second, to amounts payable undcr paragr.tph 2;
<br />.,�y�`���°',��ya�"'`' third.to interest duc;fovrth,to principal due; and la.et,to any late charges due under the Notc. —
<br /> 4.Char�es; I.tens.Borrowcr shall pay all taxcs,assessments,charges, fines and impositions attributable to thc Property =--
<br /> ',�•-•--�••`.:::,��;:: which ma nttain riorit ovcr thts Securtt Instrument, and lcas�hold a menu or round rents, if an Bonower shall a --"-
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<br /> �'• .. � these obligations in thc manner provided in puragruph 2,or if not paid in that manner,Bono�ver shall pay them on time directly
<br /> � . ' to the persan�wed payment. Borrower shall promptly furnish to L.cnder all notices of amounts to be paid under this paragraph.
<br /> � •�`` •''�,� ". If Borrowcr makes these payments direcdy,Borrower shall promptly furnish to L.ender receipts evidencing the paymcnts. �'.`
<br /> • BorroN�er shall pramptly discharge any lien which has priority over this Security InstRiment unless Bflrrower: (a)agrees in
<br /> ,�-��•- • • , writing to the payment of the obligacion secured by the lien in a manner acceptable to Lender:(b)contests in good faith the lien �%-��
<br /> � .. . by, or defends a�ainst enforcement of the lien in, legal proceedings �vhich in Qle Ler�der's opinion operate to pnevent the ="
<br /> ? , . . enforcement af the lien; or(c)secures from the holder of the lien an agreement satisfactory to L.ender subordinating the lien to ,
<br /> � . this Security Instcument. If Lender determines that any patt of the Property is subject to a lien which may attain priority over
<br /> • • this Security[nstn►ment,Lender may give Borrower a•notice identifying the lien. Sorro�ver shall satisfy the lien or take one or �
<br /> • � more of the actions set fonh above within 10 days of the giving of notice.
<br /> . _ 5. Hnz�rd or Praperty Insurance. Borrower shall keep the improvements now existing or hereafter erected on du
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<br /> � Property insured against loss by �re, hazards included within the term 'extended coverage"and any other I�azards,�nciutiing -:•
<br /> - floods or flooding, far which Lender requi�rs insurance. This insurcnce shall be maintained in the amounts and for the periods �
<br /> � that Lender n;quires. The insurance carrier providing the insuranre shall be chosen by Borrower subject to Lender's approvnl �'
<br /> , �vhich shall not be unreasonably withheld. If Borro�ver tail� to maintain coverage descrihed above, L.ender may, at L.ender's .
<br /> . option,obtain coversgc:to protect Lender's rights in the Property in accordance with paragrs�ph 7. �,
<br /> All insurance policies and rcnewals shall be accepiable to Lender and shall include a standard mortgage clause. L.ender
<br />- shall have the right to hold the policies and renewals. If Lender requires,Borrower shall promptly give[o L.ender all receipts of
<br /> paid premiums and renewnl notices. In tl�e event af loss,Borco�ver shall give prompt notice to the insurnnce carrier and Lender.
<br /> Ixnder may make proof of loss if not made promptly by Borro�ver. ,
<br /> Unless I.endcr and Borro�vcr othcrwise agrce in writing, insurance proceecls shall be applied to restoration or rcpair of thc
<br /> Property diur►agod,if the restomtion or repair is cconomically feasible and Lendcr's security is not lessened.If thc restoration or
<br /> - - repair is not economically feasible or L.ender's security would be lessened. the insurance proceeds shall be applied to the sums
<br /> secured by this Security Instrument, �vhether or nnt then due, with any excess puid to �3orro�vcr. [f Borrowcr abanduns the
<br /> • � ' Property, or does nut answer within 30 days a notirc �rom I.ender that the insurancc carrier has uffcrcd to setde a clai�n,then
<br /> . • Lender may collect the insurance pmceeds. Len��er niay use the procecds to repair or restore the Property or to pay sums
<br /> • secured by this Securiry Instrument, whether or uot then duc.The 30-day period will begin�vhen the notice is given.
<br /> ' � Unless Lender and Borrower othenvise agree in writing, any application oF proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referrcd to in paragraphs 1 anJ 2 or change the amount of the payments. If
<br /> " �� � under paragraph 21 the Propeny is acquircd by Lender, Bonower's right to any insursnce policics and proceeds resulting fr�m
<br /> � damage to the Propeny prior to the acquisition shall pass to L.ender to the extent of the sums secured by this Sec:urity Instrument ,
<br /> � immediately prior to the acquisition.
<br /> ' G.Occupancy,Preservation,Matntenance and Protection of the Property; Borro�ti•er's Loan ApplicatEan; Lu�seholds.
<br /> _ ° Borrower shall accupy. establish,and use the Property as Borrower's principal residence within sixty days aRer the execution of
<br /> ,��,-. this Security Instrument and shall continue to occupy the Property as Borco�ver's principal residence for at Icast one year atler
<br /> �. � the date of occupai�cy, unlcss Lender othenvise agrces in writing, which cnment shall not be unreasonably withheld,or unless
<br />_�-� , .,• : extenuating circumstances exist whic;h are beyond Borrower's control. IIorrower shall no[ destroy, damage or impair the
<br /> _ Pro p c r ty, allow the Pro��ert y to detcrioratc, or com►nit w;ute on the Property. Borrower shall bc in default if any forfeiturc
<br />�,=�y � '::�j� action or proceeding,whether civil or criminal, is begun that in L.ender's good faith judgment could result in forfeiture of the
<br /> � � •-� PropeR��or othenvise materially impair the lien created by this Security(nstrument or Lender's security intercct.Borro�ver may
<br /> - � cure such a default and reinstate,as providcd in paragraph 18, by causing die action ur pratt�ciing to be dismissed �vith a ruling
<br /> �� that, in Lendcr's good faith determination, pmcludes for(citurc of thc Borrowcr's intcrcst in thc Propery or othcr matcrial
<br /> � impairment of the lien created by this Security Inswment or[.ender's security interest. Bnrro�ver shall also br in default if
<br /> Borrower,during the loan application process,gave materially false or inaccurate mformation or statements to Lender(or failed
<br /> _ - to provide Lender with any material information) in connection with the loan eti�idenced by thc Nute, including,hut not limited
<br /> - ' to, repmsentations coneem�ng Borrower's orcupancy of the Property as a prinripal residence. If this S��uriry instrument is�m a
<br />- Icasehold, Bnrcower shall comply �vith all the provisions ot the Icase. If Borrowet acquires fc� title w the Propeny, the
<br /> -° � Icasel�old and the fue title sh:ill not merge untess Lcndcr agrces to the merger in writing.
<br /> _ . 7.Prote:cEion of Lender's Ri�hts in the Property.If BorroWCr faiL to perform the covenants and�t,rcements�rontained in
<br />- n this Security lnstniment,or ther�e is a Iegal procec�iing that may significantly affect Lender's rights in the Property(surh;u a
<br />�. •- nmerndnnv in hm{crunrev. nmlv�te. fnr condemnation or forfeiture or to enforce la�vs or meulatiotul.then Lender ntsv do and
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<br /> pay far whatever is neccssary to protat the value of the Pmperty and Lender's rights in the Propen}•. I.ender'; actiuny nt�y
<br />�= � � ineta:�: paying any sums securod by a lien �vhich has prionty over this Security Instcument, appearing in rourt, payin�: I
<br /> _ �, m,�.gonablc attomcys'fecs and enterinr on the Property to makc rcpairs.Althc�ugh Lcnder may takc action undcr thi�par,,graph I
<br /> ; 7,1.,r:�dcr docs not have to do so. i.
<br /> • ' Any amounts dicbuned by [.endcr under this paragraph 7 shall bca.mc additional dcbt of Borrourr ,ccurcd hy thi.
<br />-A Security Instiumcnt. U�I�wti Borra«•cr and [xnder agrce tu other tern��,uf paymcnt, these amounts tihal! bcar intcre,t t�n�m thc i •
<br /> date of disbursctnent at 1he Notc r�tc m�d shall 6e payable. �vith intercst, upun natirc fn�m Lcnder to Born���•rr myue+ting i
<br /> . payment. i
<br /> � 8.Dlortgngc Insur.�tttt.If lsndcr rrquircJ mortgag�inwr.in�r.a�a ronditii�n uf�uaking du lu.11l��YUR'tI I1)� thi+Sc�urih• � .,
<br /> Insttumcnt, Borrowcr �hall pay thc prcnuum; reyuired to maintuin thc mortgage intiurancc in cffctit. If, li�r any R:uun, thc
<br /> �tt�rtg�c insurancc covcragc reyuircd hy Lcndcr lapscs ur�rascs w bc in rffcrt. Dc�rcu��rr.h�ll pay thc �1RI111UI71\ R`I�WRYI I�� ;
<br />,;;� ,• obtain uover�ge substantiaily cyuivalent to the mongage inwrance previously in effert, at a cu�t+ub�tantially ��yui�•alcnt a� the �
<br /> _;� mst to Borro�ccr of thc nturtgagc in,ur�nce pm��iaualy� in cffect. frvm an altrmatc mongagc in.umr appro�•�d hy Lcndcr. If I
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