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<br /> ',n- — —'' TiiC �Uttiii shnl! bC ii�ict in ara in);IIIU1l0i1 4JFIUSC i�L'�7051f1i .ttC �IISU�i:u' by •► fi.i�Ciii� A��:.`�}!. !i�(�i�c:�w:illtf, (11' Cleiiiy 1
<br /> (im:lucfing l,cn�ic.r,if I.s:n:icr is�,ac►i an irc;tittitiou)nt• in any Frdr.ral{aomc i.nan Iian!c.I.en�.tcr shall a;5ply t<<�t�c�i�r�•,t����:�y eii�; ' ,
<br /> L:!:4;fUY!IlL')il�;. Irrsic►�m.iy �iut cli.irgc 13��sio�;�er i'rn�ftulciiu;;.��id aE�plyin;;ch�I�wtd;,tmnnnlly:m:ily�iii�;lh::c��.ti.�r;t:cr•}u��t, n� i ,�
<br /> - ' � ve6-Ifying the Escrow lteim;, unicss Lcncicr p�ys i3uerawbr irterest on thc I'uncl,cmJ i��i��tical�iG la����s:rmit�,i,c�ndc,u�Eu;h�:,ncl� � ,.
<br /> n char�c.i�o�vGVer. Lcnder tnay requirc Barro�icr to pay n onatimc chnr�_*c fnr un inde���nd�nt rc11 c>titc taix rc�oit�u�;�.:xvi�,; �
<br />-^ ---'-r`�=_ u�ttu uy {�:uv'�i fn �viuiCa:�,j6Ti ::ii:i l�:t� �«�:1� tt��`JSS �r�li._plt�C in.v n,�ovides othcr�viso. Ull��'i5 .11l 11�1'�tllltClll 15 I1l1t�C 9: �_a•:.-�-
<br /> __��,:�� . � �p�rlicablc Iz��v ecqui�•cs interest !o bc paid,I..c:ndee shall nnt he rcyuircd to pay Bon�fle�cr nny interest ar ct!r�siugs on thc I�r•n�is. ;"��- ;
<br /> -- Elurro�vcr attd Lcndcc may ngrec in wnting, tiowcvcr,tliut hitcrest shnll bc�nid_on�I�c Puticls. f..endc't�hall give N�I3or��i�tycr; �Yy�
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<br /> tYiQIIOL][CI11PyC, nn imnuc�l nccountiir�of the FundS, slt�tvin(;cretlits mtd debits to dte�unds iutd thc pur�rose fqr�ul�idti each �`_,...
<br /> -���;:�������J del�it to thc"r'ands�vc�s madc.'i'hc FauJs u�z Nledgccl�is actdltlUUal sccu►it�for all stun:,s�cur!�d Ny�i�i�a S.w�nrity ln�tyuincnt. -_
<br /> �---� �� � if the Funds held by Lender exceed�he amounts permitted to be helc!by a�plicablr,law,l.ender sitnll account to�3orrnwer = _
<br /> :��;a�Y:' fur the excess Funds in nceordance with Ihe requiremQnts of applicable law. If tlie amount of tlte Cw�ds held by �.cnstcr at any
<br /> --_ ,_��'y tinie is not sufficient to pay thc Escti•ow Items when due,l.cndcr m1y sa notify Borra�vcr in�vriting,and,in such case IIar�+�w�r
<br /> �_ - shall pay to Lender Nie:�mount necessary to make up the deficiency. �orrower shall make up the d�ficiency in no mnre tha�t
<br /> �•`='���v=:�°�`':• cwclve monthly paymcnts,at Lender's sale cliscretion.
<br />� 'Y'.��-'!'��.��:�..
<br /> __�';;:�.• -�-:- Upon payment in fali of nll sums secur� by ►his Security Instrument, I.cnder shall promptly refuncl to BQrrowcr any
<br /> ��_�,.�;�: :�r;i t.'�., hunds held by Lender.Tf, under pueagru�h 21,L..ender shall acquire or sell ths Prepeny. Lender. rnnr to the ac.�uisition or snlc ___
<br /> :�v9 ;`';_� of the Property, shall apply any Funds held by L,ender at thc timc of lcquisition or salc as a creclit against thc sums securcc!by
<br /> �`j"�??'�`s.` r:. this Szcurity Instn►ment.
<br /> ���1".-"'=••��. 3.Apnllc:etlon of Payments.Unless appfi�fole lu�v provides otherwisc,al!payments reFeivcd 6y I.ender u�idcr paran�plis
<br /> = �"`"'T'�'�� 1 and 2 sh�ll l�applied: first. to F►ny prepayrnent chargcs due under the Notc; sccond, to amauuts payable Gndcr paragraph 2;
<br />_=-=i�=���.�.b,
<br /> �-.:������"''_-_ third,tu interest due;fourth,to princlpal due:and Inst,ta any late charges due under the Note.
<br /> W�°�^�--�: A.Charges;Lie��s. Horrower shall pay all taxes, assessmcnts, charges, fines and impositions aatributoblc to the Propcny
<br /> --�;�.��t.�:��
<br /> -�.=�,:ee�-,��, which may attain priority over this Secunty Instniment, and Ieasehold payments or ground rents, if a�y. Borrower st�all pay
<br /> =: ��••, ����:�'�'�� these oBligatfons in di4 manncr provided in paragruph 2,ar if not paiJ Iu U�ui nianner, Corrawcr sh�ili �ray th_m on tir:c�eresd�
<br /> � , to the person owecl pAyment.Borruwer shall pm�nptly furnish to Lender ail notices of amounts to b�_�aid under this pain�raph.
<br /> �:°f'����� If Iiorrower makes these payments direc:tly,Barrower shall promptly fumish to Lender receipu evid�ncing the paymcnts.
<br />,;�,'I.�;�4��.',��`.; •Borrower shalt promptly discharge any lien v�liich has priurii:y over tbis S�.,curity Instrument util:ss f3orro�vcr:(a)a3►r.es in a..�. _.
<br />-- -^`.;;'��,�?'�, �vRitin�to the pnym�nt of the abligution secured by¢he lien in a munner acceptable to i.ender;(h)c:ontests in gooc!.fuith the lien
<br />_�NF�yv�� � by, or defends agttinst enforcement of the tien in, Icgul pi-oceull►�gs which in th: Lcncler's apinion opsr�te tA �revcnr th� __
<br /> ,.,, j_„�,,�• enforcement of the lien;or(cl secums from the holcier of the licn an agreement satisfactory ta L.ender subordinu�ln�the liet�ta
<br /> ��?' this Securiry Instrument. If I.ender detern►ines that any patt of the Property is subjeCt tii u licn which may attain�nority over
<br /> .��� � this Se�urity Instrument, Lender muy give Borco�ver u notic.:.idenufyin�the lien.Borrower shall sat3s(}+the lien.or takc onc or
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<br /> =Y--�^�•. inore of the actions set forth atsove within 10 days oF the giving of notice.
<br /> �;;L;.� ' S. �Iaaartf ar Property Iast�rance. Borrower shall keep the improvements notiv existing or hereaftcr crected on tlie
<br />:'^�'� ! � � Property insured ngainst lass by'�re, hazards included within the term "extended coverage" and nny odter hazati�ds, includfns =_
<br /> �..„
<br />�••`'t��G`'' #' ttaads ar floociing, for which �.zndar requires insurance. This insurance shall be maint:tined in the umounts and ior.lhc period:,
<br /> _.�='-. , , -= t,:at;...:id:,r r�aires. The ins�srsr.ce ear��er groviding�cRe insurartce shaIi t�c ciwacii�iy ni,.ivw3r;a�jwi ta Le7��r'�a�grQ°a4 =—
<br /> which shall not be unreasanably withheld. If Borrower fails to mainta�n coverage described abov�, Lende;may, �t Lender's
<br /> �°��'•�� `, option,obtain cuverage to protect l.ender's rights in the Praperty in accordance with parngraph 7. •
<br />�=;����'��''��'• , All insurance policies and renewals shall be acceptable to Y.ender and shall include a standard mortgage clnuse. Lender
<br /> �s��^' � sha11 have the right to hold the golicies and renewals. If Lender requires,Bonc�wer shnli promptty give to Le»der�l.l xeceipis of
<br />"�'""°"' aid remiums and renew:il notices. In the event of loss, Bonower shall give prompt notice to the insurance carrier und Lendcr.
<br /> -�:".�;,��s,�,• .`:' P P --
<br />::-y`�;�., : L.ender may malce praof uf toss if not macle promptly by Borrower.
<br /> _.R Unless 1Lender and Borcower otherv+ise agrec in wnhn�,insurance proceeds shall be applied to restarntion or repnir of the M�''
<br /> _ �s_^�,r�,��.� pcops:Ry damaged.if thc xestoradon ar repair is economicalty feasible and L.ender's sccurity is not lessened. If the restorat:on or
<br /> ___�,,,,, repair is not economia111y feusible�ar Lender's security would be lessened,the insw•ance proceeds shalf b�applied ro tlie sums �.,_..
<br /> -� ����„. secured by diis Securiry instrument, whether or not then due, with uny escess paid to 13orrower. If Borrower abandons the zi::__
<br />�`�' �'''����'" Aroperty, or does not nnswer within 30 days u notice from Lendcr that:.".e insurance carrier has offered to settle a cl:tim, then ��_
<br /> '_':':�t�::±� i..ender may collect the insumnce proceeds. Lendei• may use the proceeds to repair or restore the Proper3y or to pay sums
<br />-- :�-.�:-�:� �?
<br /> -,�. .,F secun,d by this Securiry Ins[rununt,whether or not then due.The 30-day period wiU begin when the notic;e�s given. •a_,,
<br /> 3 °� '- �`•� Unicss Lender nnd Borrower otherwisc agree ic� writing. any application of proceeds to prir�cipal shall not extend or �;�,-.-
<br /> �w_,:,�=.`:E"�"�
<br /> �;.�,—° postp�one thc due datc of the monthly paymcnts referreci to in parA6raphs 1 and 2 or changc the amount of the payments. If �..
<br />�'�--;�.,�=' unde�•paragraph 21 the Property��.acquired by Lcnder, Horrower's ri�ht to any insurnnce policies a�d proceeds�sesulting from ,:.,,
<br />-- - darmge to the Property prior to th�acqu�sition shall pass to L�ender to the extent of the sums sectaed by this Sccuri4y Instrument ';��r:
<br />=�A�A'�'•'' immediatcly prior ta the acquisitton. �"�
<br />_�-= .:' �'�� b.Qccupuncy.Preservattcm,lMointenfl�nee and Protectto�oY ti�e Property;Borro�s•er's Loflc�:Applfcation; Leasehol�.s.
<br />�? '� . Borrower shall occupy,establish,ar.d use the Property us 8onower's pdncipal residence�vithin sixty days after the execution of ` .
<br /> "�`•{�"_ ,e this Security Instrument and shntl continue to occupy the Aropeny as Borrower's priRCipal residence for at least one year aRer
<br />;��.`��::n�, � the d:ste of occupancy,unless Lender othenvise agrecs in�vriting,which consent shnll tiot be unreasonably withheld,or unless ' �
<br /> �.. .:x.`�`�' :; • extenuating circumstances exist which are beyond Borrower's contcol. Bonower shall not destroy, damage or imnair the
<br /> ,_�;�.:�
<br />_'�;���;��L��:,. pedon r proc�eed ngpwhethcrtc vltor criminul is be�un that n.I.enderrs good Bth j dgment�cau4�itrcsultuin forf te ture of he
<br /> - '� �n� :``�� Aro e�i or otherwise materiaU �m air the licn created b this Securi Instrument or Lender's security interest. Aonower may
<br />::3`_':�d�..4;�;:'., :
<br /> _ •���•�,�•�';,t'�r �,�trpsueh a default and reinstate,as provided in paragsaph l8,by causing the action or proceeding to be dismissed with a ruling
<br /> * .5:.�.
<br /> _-- ''i���;s�.;':.�' ¢�zat..5n Ltiider's gvod faith determinition, prccludes forfeiture of the Borro�ver's interest in the Property or other matcrial
<br /> •`�f::'<•,.:':";-�' ist��iru�ent of the licn crcatcd by this Security instrument or [.ender's security intcrest. Borrower shall afso be in default if . �'.
<br /> °'����"'�'���-��� Burco�ver.dqring the laan npplication process,gave materially falsc or innccurate infonnatior,�*s!atements to I..ender(or faiied
<br /> �:�� . .
<br /> �-�,�r:- '.:�� • to provide Lender�vith any materia!information}in connection wi►h the loan evidenced by the Nut,,including,but not limited °"
<br /> ` �`' ��� to,representntions cancerning 8urrower's occupancy of the Froperty as a principal residence. [f this 5:xurity Instrument is on a
<br /> "'�'�'..�<<�� n .� Icaschold. 8orrov�cr shall comply with aU the provisions of thc lcasc. If Bonowcr acquires fee titic to the Propeny, the
<br /> ''�;�"'`'`�' � Icasehold and the tce title shall not merge unless Lcnder agrees to the mcrger in�vriti►�;.
<br /> ,..,��..i,.
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<br /> . ... 7,C'ratecaton QP Lender's Rights in�he Pro;serty.lf Rorrower f.uls to perform the covenants and a�reements contained in
<br /> " this Security instrument, or tliere is a le�:►1 proce��ding`that may significantly affect Lender's rights in the Property (such as a
<br /> ' _ procecding in b:u�kruptcy,probate. [or cundemnatian or forfeiturc rn•to enforcc laws or regulations),thcn Lcnder may do nnd
<br /> .; ti=�;• pay for whatevcr is uccessary to protect Uie valuc of tho Pruperty and Lcndcr's rights in die Propcny. Lender's actions may
<br /> ��� _ :.,,,i�� .�„�.,� �nv �:,m.c �ured hv a licn �vhich h:�s priority over this Sccurity Instrum�nt, appearing in court, payin£
<br />_, �_:: ; _T�_ �_,_� .. , -
<br /> � reasonable attomeys'fees and enterin�on the Property ta m�ilce repa+rs. Aldiough Lender may t�ilce actron unuer tnis paragrapn
<br /> •� • 7,Lender docs not havc to do so.
<br /> _ " Any umounts disburscd by Lender undcr tnis pun�raph 7 shall become additional debt of eorro�ver sccured by �his
<br />- ° . ' Secuvity Instn►ment. Unless Horrowcr and Lcndcr agree to uther terms of payment, thcse amounts shall bwr intcrost from thc
<br /> " ' dnte uf disbu�emciu ut tlie Notc mtc and shall be payable, �vith interest, upon noticc from Lcndcr to Bormwcr rcyuesting
<br /> - • payment. f .,�
<br /> „ . . 8:MoyKgage Insurance.If Lender rcyuircd mortgage insurance us a condition of making the loan securcd by this Sc�urity
<br /> • � • Insiniment, Borrnwer sh:�ll pay the premiums rcquired to m.iinr,rin the mortgage insurance m effect. If, far any reason, the , „
<br /> ° • � mortgage insurance wverage required by Lender lapses or ccases to be in effect, Borrower shall pay the premiums requir��l tu
<br /> . obtain coverage substantially equivalent ro th� mortgage insumnce previously in effect,at a cost substantially equivalent W the
<br /> � � � �:ost to Borrc2�vcr of thc mortga�c insurancc prcviously in cffcct, from an altcrnatc mortgagc insurcr appruved by Lcndcr. lf :
<br /> };�� �^
<br /> . . ' • • vagv 2 0l d Form 30�8 9190 ,
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