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<br /> '�'i.�i�i9r:cis Shal1 h: h;ld in :lll liiSllQUI�11ll t'/l?tl;� cicposit� ��`c insurcd by n ���'��n�cr�:y. iustninu:ut(�+�ily. ��r crrtit�
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<br /> , „` lutlic3;l�r:ndcr,ii'[.ciu,Ier is r�ucit r,��i�r;titu�i�sn)�yr�u u�ty t7cdcraf Me�sn�I�i�n D�nnC;.l.i�ndcr siinll�����ty ttt�6�uiic�•{P�����y dt� �
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<br /> i'...�u;, 3t,�n•;.I�:ud::�in1,y nut c{�:ir�;,:k.tn�.��:c►•fo��.vl�li��;;�;�id,�,��ifyiii ,Ur�t oicd�, ;nnn:II :?1:Iy'l.Ifl ,fll�c':CI'OLY!!E7l�atmt. �
<br /> ' � +r�;.ifpiu�;Ai�: I7''.tiYa1CJ�iCSYI'�,aotc,;N,s:�i;:,:r�t;iy;�L't��r��;;�;+insr;z•t�s�i lin�Clr•.tt�l�;and r:��ol�c::filc I�;���t7:�inft s I?'Sil�i'Y fn i�t•��;,��au���
<br />_'• -._' ___-__--_ ���i:�:p<,.,1lc�u:�-vnr 1 rnuL�r•��?gv rr.tati�'.t I1i15':OC:CC IO 41�Y (SGIiC•1�1E'FC l'�I;:�i(;L'�IIP i111�UC�CEtL'Si(IC114 1'�:1�('.`:l:t�C(ICL I�jllUi�i1!j C:iV�l'C --
<br /> _. .;. tir,cci isy l.ti;d�e iii com:cctiasi���iQ�i ttylv luan, �sirlcsa ti�.plicablc luev ���uui�Jcs nU�cnvls:�. lfcilc,s c�n ,i,�rcem��t is m°�i� �n �
<br />��°t--.,:�-:� n�C�lic�blz Ir��v rcqulrrs in�cr�:::t to ba���IJ. (.c�tder sl�nll ncit hc;re[auircd tu pay f3nr:•o�ver a�ry iuza�cr;t or e:U'lllil2 5 Ofl IIEU I�iuul:;.
<br /> -- � ^ L3urro�Ner u�trl I,citclsi•m:►y ogrc�h� �•�e�dn�±,ho�vever,thnt Inic�tst sha91 b�p:�id on��ie l�tmds. Lctcsler siiall���ve t��Q�sri��t:�cr�
<br />..,,_.,�_�,«��'==- witiiout chcirge, rui nnnunl nccaunting c�f thc rNn�Js, shntvin� cr�clits nrtd dcbits tu thc rurRl.i ai�d tl�c��umo:;c f�j-r ivhicb c::�le `��•�_
<br /> _ .. � (ICI?Il W IIIC C^UR�S W1�i m�cic.'t'hc�rund�QYC(IICtIf;Cd A9 it(I(II1t0111I�iCCUPII}I f0Y:II)SUlllti tCC111'C��Iy f{119 SCCUfI�j�It15[fU114:11l. X
<br /> -�"—�`U I!thc 1=unds hctd by U:ndcr cxc�cd licc�uiium►�5 p��sufuc.l tu lc;�I�ctci I�y ap'a 1lcabic l���r,L_r:c►Ar�;h,�l etr��tu�t to f�ntr�nvc.r �-���T
<br /> -_= for the excess run@s in accorJana: witlu Iho reyuirements of.�pplicabie lctw. IP tiic nmount of thc Funds d�eld t�y I.,��xltr nt nny _
<br /> ti►a1c is not sufiicient to pay the Escrotiv It�m9 whcn due, I.cnder►nay so nutify Rmvower in wri�ing, u�id, in such cu�c�3orrowcr =-
<br /> --��'_�.T- Sn�n p�y c� [.ender 1he umount nccessary tu niakc up the dc�ci^.�2cy. �or�ovrcr�I�ail mnke up rl�c dcficiency in�ic�more than ___..�
<br /> _�,�, r�:, tv;elvx rnnnxi�ly payirie��ts,at Lendcr'�sole discretion. _
<br /> _��_�,.�s� Upon payment in fall of al! sums securcd by this Sccurity Instrument, l.cnder sholl prampNy i�efui�d ;o E�orrower.uiy __ _
<br /> a- =u`�: Funds hcld L�y l..ender.If, undG�•parayraph 21, L.ender sliaU acquire ar sc1!�1�n Propc�ty.F..ender,prior to the czcc�uisition ar sa�c
<br /> -=- -'�.'���: of the Prop°_rty,slintl apply nny Funds held by Le�i�ee s�t the Nnr of acc�uisidun ar sale a:a credlt flo�inst t�^sums secured l�y _ _
<br />---�•,x.���,-�' this Scc�rity lnstrument.
<br /> •-�-��'� 3. Appllcatton ot Payme�ts. Unless opplicable la�v provides atherwlse,uU payments receevcci by lt�nde�•ur.der parugrap��s
<br />'�_���`�"`�, � 1 an�2 sl�ali be applic:d: firsr.to nny prepuyment chnrges d�ce u►vdcr the Note; second, to:unounts paylblc under�amgrnph 2:
<br /> '�=`��'' tl�ird,to interest due;fnunh,to prirecipal duo;and I�.st,td any latc clmrgcs due undcr thc Note.
<br />- -'�-�'a•� .,y.. .
<br /> -�;;,�,�,,,�,. 4. Chflrges;Lieny. &�nower shall pay all taxes, assessments,chargcs, fines and impositions attributablc to t ic roperty
<br /> -= �vhicli n:ay attain priority over this Security Instrument. und tcaschold payments or groui�d rents. if any. �rrower shaU puy
<br /> --9T�'•'~ thesc oUlignYions in the manner providcd in paragr�ph 2,or if�iot paid in that manner.Bott'owsr shall pay tl�cy�on ti[ne cl'trcctly
<br />.:��;�'� ' to ti�e persnn owed payment.Borrowea slxall pxomptly i�urnts�h to Lender:�1 noticcs of uu�ounts to�,z paid uny:.r eh'ss n�ssg:rcY!:. -
<br /> �����' If Bonower mrJces these payments directly,Borrower shall promFtly furnish to I.ender receipts svidencing the puyments.
<br /><.i_������yz:'�' •� Bc�rrower shall promptly discharge any lien which has prionty over this Security Gist.�ument unless Borro�rer: (a)ag�ees in
<br /> _-_.�„«,_��_�__� writing to tha payment ot'the obligadon sea:uuxl by the lien in a rnanncr acceptable ta LQnder;(b)�ontest5 ir�;ocxi fnith the lien �
<br /> _,_.,r;;.-fi.� -- by, or defends against er�forcement of the Nen in. legal procr�rdings which in the L.ender's opinion operate to prevent the
<br />_`,j� ����._ � cnforceanen2 of thc licn;or(c)secures from d�e holder of the lien un ugrcement s.ltisfnctory ta l.cndcr subordinating tha lien tq _
<br /> -- this Se�urity Instn►ment. If Lender determines that any part of the Property is subject ta a lien which may uttain priority over
<br />.'����:�F" this Security Instrument, Lrnder may give Doreower a notice identifyEng the lien.Borrov�er shall sadsPy the lien ar take one or
<br /> .=,�,;„, +``° more of the actians set forth ubove within 10 days of the giving of notice.
<br /> -_-_��; � 5_ Hazxrd or Property Iosuram�e. Bonawer shall keep th� emQravem�►its now existing or h�reaftcr crected on tl�e
<br />�'���°'�` Pro insured a ainst l�ss b fire. h�.ards included within die term extended coveruge" and any other ha7ards, including
<br /> -.::«��-.. PertY E Y
<br /> -- flnndG�r flrwlino; f�r which I�nder rcaui��s insu[�tice. This insur�uic�shall be maintained in the amounts and for the perIods
<br /> . =��.�� d�az L�nder myuires. Tlte insumnce caAiier providing the insurance shall be chosen by Borcower subject to LenQer's approvsi -
<br /> �^v�"�"'� which shall not be unreasonably withheld. If Borrower tmis to maintain coverage descriow �uuve, +.eid�.m�i. a� �r='�
<br /> Y'""+:W_-,. � o p t i o n. a b t�i n c o v e r a g e e o p ro t e c t L.e n�e r'�ri g h t s i n t h e Pro p en y in accordance with para gra ph 7• �
<br /> T�_.
<br /> '��`•�`'� �� � All insurunce policies and renewals shall be acceptable to Lender and shall include a stuttdurd n►ortguge c lause. L en der ____._
<br /> °�••=� � a p reyuires,Bonower shall rom tl ive to Lender all recel ts of
<br />"�����,.:; shall have the ri ht to hold the olicies and renewals.If Lender P P Y s p
<br /> --'�=""�"' paid premiunu and renewol notices.In tbe event of toss.Borrower si�al!give prompt notice to the insurance a�rrier und Ler.der.
<br /> - =...�..
<br /> ��.w�'"�.. L,ender may m.�►ke�Or�nof of loss if not made promptly by Borrower. -
<br /> ---- ��W,�;` Unless Lender und Borrower othenvist agrc�m wcitin�,insurancc proc�s shall be applied to resYaratiun or repair o;the , ��
<br /> � `°�p Propexay damagod, if the restoration or repair is economically feasible and Lender's securi.ty�s not Icssenut.If thc restoration or
<br /> _-.�-r6H4/9�r..�1fI• �.�..�.r.
<br /> ,,� repair ns nat economically feasible or I.ender's security would be lessened, the insurance proceeds shall be applied to t ie sums -
<br />-_��'ci�'..�.
<br /> �.., se.curecl by this Security Instrument, whether or nat then due, �vith any excess paid ta Dorrower. If Borrowe�n�ilc�dons the ��.,:.
<br /> "; �`u�;�.��• Pruperty,or does not ans�var within 30 days u notice�rom l.ender that tho insurance carrier has affete.d to settle d alaim,then �.._-..
<br />_--__���}.�� Gender may collect the insurance proceeds. L.ender may use th� procecds to repair or mstore the Pti•oper4y or tu pay suxns -�-
<br /> -�� � �- serurecl by this Security Inst�vmene,whether ar not thcn due. The 30-da riod will be in when the notice is given. �t'
<br />��"�-' " �� UnlcSS Lender and Bonawer otherwise a�rex in writing, any apph�'c.,�tlon of proceeds to principsl shall not extend ot ��«`
<br /> _;��;'�}..__, �.�.-_.
<br /> __,,:..�,a��•:-_-,� poatpce�e the due date of the monthly paymenta referred to in paragmphs 1 and 2 or change th� amount of the puyments. If f_ _�.
<br /> ---= � under•ptvagruph 21 the Pruperty Ks acqutred by Lender. Fiorrower's right to any insurancc policics and procec;ds resutting from [_.�;
<br /> �-�'��r. damagc ro ehe Property prior to the acquisition shall pass to�nder ta the extent of the sums secured by this Security Instrument
<br /> �:�:s��t immediatcly prior to�he acquisition. '-
<br />�����w� � 6. Qccupancy,IPa�rservntian, Mnintenuuac nnd Protectton of the Fr�g�erdy;Borro�r�er's Loan Ag�.plic�tlon;Le�sehoids.
<br />=-'=-=-�`• Bono�uer si�all occupy,establish,and use tho Property as Borrower's principai residenc�withi�sixty dnys afier the execution of
<br /> _="��", this Se�curity Instrument and sh�di continue to occupy the Property as Borrower's princip�l residence for at teast one ycar after
<br /> -�W;��_��' tlie date of occupancy, unless l.ender othernise agrees in writins. +which consent shall not be unreasonably withhelcd. or unless �
<br /> '-" `°�:as;.' extcnuatin� circumstances eaist which ure beyond Barrawer's control. Horrower shall not destroy, damage or impair the ,
<br />-T'"�'���''� � Property, allow chc i�ropexty to detcriorate, or aommit waste on the Property. Borrower shall be in default if�ny forfeiture
<br />� .z-•.' .- •-
<br />_�;;;�",�;�:;t.�,' ' � action or proceedi�►g,whe?her civil or criminal,is begun tliat in L.end�r's.�oad faith judgment cauld result in forfeiture of tlie
<br /> b
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<br /> �'s=;;;�w Property or othenvise m��terially impair the lien created by this Security Instrument or Lender's security interest. Hottower may
<br /> ..�.�,��,...
<br /> � �,a :;. � cure ssdi a default s3nd reinstate,as provided in paragrapl�18,by c�using the nction or pxoccedin�to be dismisses!wfth a ruling
<br /> iA
<br /> �„'�%`�";'.C_:�. that,in I.,�ndcr's good faitl� detern►ination, prcclndes forFeiture of the Burrower's intemst in thc Property or other material � .
<br />��''��''� ° • i�np�iriuent of the ?ien crcated by this Security Instrument or Lender's security interest.Bonower shall also be in default if °
<br /> "n�•f44�^^ Borrower. durin�ahe]oan upplication pincess,gave materially fulsc or inuccurate informution or stateaeenis to Lender(or failed
<br /> _�������� to rovide Lender wid�an material inforntation)in connection with the lonn ev[denced b tlie Note, including,but not limited
<br /> �.:=;--r.L��.."" P
<br /> :�-i���;'_�.� to,representations conceming Banower's occupancy of the Property as a principal residence. If this Security Instrument is oh a
<br />__ _ -;��, lcasehold, i3orrowcr sha�l corriply witl� all the provisions of the lcase. If Bonower acquiees fee title to the Property, the
<br /> - �'• leasel�Uld amd the fee title shall not mergc unlcss Lender agrers to the merger in�vriting.
<br /> -;��`��?�;°��;, 7.P�otQCtlun of Lender's Rights In Rhe Property.If Borrower fails to perform the covenents and agreements contained in
<br /> � . cl�is Security Instrrament, or tl�ere is a legal proceeding that may significantly affect L.ender's ri�hts in the Property (such as a
<br /> pmcceding hi bankruptcy,probate, far condemnation or forteiture or fo enforce laws or regulations), ehen[.ender may do and
<br /> ---�= ' �ay for�+hatever is nccessary to protcct the value of the Property and Lender's ri�hts in the Property. Lender's uctions may
<br /> • include p�yin� any smns securo� by a lien which has prionty over this Sc:curity Instrument. appwnn� in court, paying
<br /> �s�� .u.....o...,•F o�srl antarina n��t}u+ n��r�rmr m m:ilce r�airs.Altl�uuch Lender mav t�lce action under this paragraph
<br /> :. ----=-- ..,a�„��... .....,..�,o .�..�_�____-�----- .... . . _ _ -
<br /> • � ,; ° 7.Le�der does noY have to do so. �
<br /> ' . Any a�nnunts disbursa! by Lender und..r this par�gruph 7 shall become udditional debt of Borrower secured by this
<br /> f •�; Sec:urity Instrumcnt. Unlcas Burrower;utd Lender agree to other tern�s of payment.thcse amuunts shall bear interest from ti►e
<br /> � �' ° date of disbursement at the Note ratc and s(��li be p:�yabfe, �vith intemst, u�son notice frorn Lendcr to Bonnwcr requcsting
<br /> � ' payni:.nt.
<br /> •� 8.A�ortgage Luurnnce.If Lender requimd re�o�teane insuranca as a condition of making the loan securcd by this Sccurity
<br /> " .. . Inst►ument.�orro�vcr sh..11 pay the premiums reyuired to maintain thc mortgage insurance in effect. If, far any rcasmi, the
<br /> �nonb*a�e ei�sur,uic�covemge rcr�uired by Lender lapses or ccases to be in effect,Bnrro«�er shall pay the premiums required to
<br /> ' ubtain covera�e aubsR;uiti;illy equivalent to thc rnortgage insurancc prcviously in cffect, at a�ost substatnially equivalcni to the
<br /> � rust to Borrowcr of tl�c mort�*,age insur�nca pm.viopsly in �ffcct, from;�u alternate mongage insumr appmved by A.endcr. If
<br /> t' ,
<br /> .. f ��y'
<br /> -•"" '-.. '���`� • vr.oa z o�e Form 302� 9l90
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