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<br /> iyS"�'�?�'r.'."��. �. •• - ' � �. � ���F"t'• . .. ., 4 v.lh°n>1.� 1 �����e_: F�'r.
<br />—� .. ,��7�.' Pl��U�11Ni1+ri4'�N�Rn.. . -vMi-. ..�M.+qW �� — �:�_�.
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<br /> - - , --� ��-- �,�a� � ��^;+�.—.;
<br /> Ti�c fua�s shail bc iicld in nn insuluii�m �vltnsc dcposits urc insurcd by .i fcdcral ugcncy, insirumcm��lity, or cndly .
<br /> , (includin�; l.cnJcr, if I.cnJce i:;yu 1f���?�Gu�i�wc�11f)���Iwl�linti��I E��plNir.n�ili�l'undsnlumtut Ilyrairilyiinr'thcl�c��'�w,;tccnnn�ur
<br /> G+sr.ro�v Ucros. l.endce may nut�hi �
<br /> �� . :, verifyin�the Escrow ltems.unl�tis I.cndcr pays l3orrutvCt'intcrest on lhc 1'unds wid applicablc law pernuts�cnder ni i��+�f,�:,u�i� ;r
<br />-��-�`'"'`��`,`�' a cl�argc. Hnwevcr, [,cndcr may rcquirc Borrowcr ta pay n unc•timc churgc for an indcpcndcnt rcul cyuitc t.+x r�r����F��a�����►�� �
<br /> �_w;���:�1.
<br />;�-��==v-. used by L.endcr in connection with �his loan, unlcss upplicabl� I�sw }rr�sv(des nthert�isc. Unless ❑n ci�rr,ement if� m:uc or ;..
<br />�'�` '=-== 'a ,�,,, npplicuble law rcquires intcrest to bc �id,l.endcr shnll ne�t bc rcquired to pay Borrower nny intcrest ur enre�inQi�on thc F�unds. �
<br /> �2. � ` P;
<br /> _._a..��.;;;��v' I�arrmver nnd Lendcr muy �grce in wruing< hawevcr, that intcrest shnll bG �aid c�n thc Funds. Lcndor shn�� �►vu u' �lnrruwcr, ,
<br /> withciut charge, an unnual �ccounting af the Funds, showinb credits and debits ro the Funds and titu pur�uns�a fnr whfch each �s��
<br />`""���:� debit to the Funds was made.The Funds ure pledged as addit�onal security far nll sums secured hp thi���Facur6ly Intitrument. ��� ��,
<br /> �"'°'�" (f the Funds held by i.ender exceed the cunounts permittcd t�be held by applicabic law, I,endur Slmli ucc�unt tn fiorrowcr �_,^„
<br /> �:-::{���
<br /> �:• for the excess Nunds in accordance•a+ith the r�cquirements of applicablc law. If thc amount nf thu i�undl.Itald hy I.ender at u��y =:�,r R-,
<br />^`���� time is not sufficicnt to pay thc Bscmw Items when due, Lendcr may sa notify 8orrowcr in�vritin�,and.IIl tiUC�I Ci15C ROCt(riYCi ' 's'
<br />-'�l " � s h�il l pa y to Lendcr the mnount nccessary to makc up the deficien�y. 8on•ower shall makc uP th�de:fictency in n� morc than " �s_
<br /> � ..:.�:= .
<br />" `� :, • '�, hvelve monthly payments, at Lendcr's salc discretion.
<br /> 5`����y"";''''"."�•'� Upon�ayment in full uf all sums sccured by this Security Instrument. Le�ider sball p�Ynnpt�y refund to Borrowcr any ��+..iyr.�
<br /> '-'�r�+•-�`+'••�• � Funds heldby Lender. I f, un der parngraph�1, I.ender shall acquire or sell thc Property.[.endor.preor uf thc acquisition or sale , ,,`
<br /> "�x''��`�''�""' �'' of the Property.sha►I apply any Func:s h�ls!by L�nder at the time of ucquisitiun ar sale a5 u crr�dit Against the sums sccur c d by '��p
<br /> Sr• ' �cr,�;:�1=
<br /> ..�,a�,f�.��.:;. :�; rr.,r�_.
<br /> - � ,, � . this Security Instrument. t��
<br /> ���' � ' 3.Application of Puymen�s.Unless applicable iaw provides othenvise,all payments received By I.end�:r under parugraphs
<br />-.-y�.L..,..sm.� w t.4.'_.'
<br /> ;'�°�".�:=r��. `- 1 and 2 shall be applied: first, to ar►y prepayment charges due under the Note: second,to amatmts p�ynble under parugraph : '^ ;--
<br /> �t:r;.: � , . . .
<br /> ' 't:.:;,';,'.;_'.. thircl,to interest due: fourth,to principal due:and last,to any late charges due«nder the Nata.
<br /> -`=;=�=�` '� '� 4,Cbatrges;Liens. Horrower shall pay all taxes, assessments, charges,fines and impasitions attributuble ro the Prop�ny '*��ti:
<br /> -'_: 4.;::'.s�.�.
<br /> �• <��� - which may atuun priority over this Security Instrument,and leasehold payments or ground rents. if any. Borro�ver shciU pay O�i,�.y,-.
<br /> . - ��`',��,, these obligations in the manner provided in parag�lph 2.or if not p;ud in that manner,Barrowor shall pay them on time ciirectly �•„�.
<br /> �.}�'.�ii�:,;,,, : to the person owed payment.Barrower shall promptly furnish to Lendcr all notices of amountc to be paid under this p�ungraph• �''�
<br /> ,• -�1' .
<br /> �:" ��:.', If Borrower makes these payments d'nrectly,Bonower shall promptly furnish to Lender receipts ovidcncing the paymenta.
<br /> .' °�''���=��° Borrower shall prompdy dischzrge any licn which has riont over this Security Instrument unless Harrowec: (�i)agrees in ��,q_.
<br /> =:j.�ii:,:'`:�'•::".��:���3,�'
<br /> � �F��-� `'.�'� wntin to the a ment of the ubligation secure�l hy the lien n n manner acceptable to Lender;(b)contests in goad'iai►h the lien ',��:.
<br /> - '_�.�., � p y .�___...�_... ..f.ti� i:�� ;n �ro�� nroceedines which in the I.endcr's o inion opernte to �revent the "
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<br /> ._.-.-.._..---- - hy, ut UCICUU� a�auiai a.un.�wn...�.. ... ..._ .._.. -� 6 w.. ..�.. ...
<br /> enforcement of the l�en:or(c) secures from thc holder of the lien an agreement sat�stACtary ro i-enu�� ,u�u���„�,�,-, ��_,_�
<br /> ^ this Security Instrument. If Lender determines that any part of the Property is suhject to n lian which may attflin priority o��er ��r
<br /> �� � this Security Instrument, Lender may give Borrower a notice identifying the lien.Hono�vcr shall satisfy the lien or tnke one�r ���
<br /> more of the actions sct forth above within 10 days of the giving of notice. �„';
<br /> � �w�q 5. H�►rd a�T 1'roperty Insurnnte. Borrower shall keep thc improvements now existing or hercafter crccted on the �^_
<br /> . � . Propeny insuretl against loss by fire, hazards inciuded within r.he term"extcndad covcrnge" and any other h:uards, including W?
<br /> - �,- ����r flc,�xline. for which Lender requires insurance.This insurnnce shall be maiy;it�ai►Qn�thc a;hoanti anLdc fdocrthe�p f�v I �a=
<br /> " that I.ender rec,uires. The insuranee carrier providmg tne insu�ancc,i�uii ba c..��c% ---.
<br /> ' which shull not be unre:tsonably withheld. If Borrower failti to maintain coveruge dascrihecl above, Lender may. �it L.ender's �_
<br /> •� ',�. option, obtain coverage to protect Lender's rights in the Propeny in uccord:mce�vith parugniph 7.
<br /> � All insuruncc policics and rencwuls shull bc acccptuhlc tu l.cndcr und tihall inclu�lc'a �tunJurd mortgugc cluusc. I.endcr �.r
<br /> shall huve the right tu hald thc palicics und rencw,►Is. If I.cndcr rcyuires. Borc��wer tihall promptly�.ivc ta L.endcr all recciptti uf �.;_
<br /> ,r ���:—..
<br /> � � �aid premiuros ond renewid notices. In tlic event of bss,Burro�ver sh.►II give prainpt ni�tic�to the iiisurunce rarrier and L.ender. � r_
<br /> ,. • , •� l.cndcr may makc proaf of lms if not nmdc prompdy by Borrowcr. :" ,.
<br /> '� �' '• • Unlcss l.ender unJ Borrowcr uther�vise agrec m�vriting. in+uruncc procccds stinll bc uppltul to restorution or repair of the
<br /> ' Pruperty damagcci.if thc restorution��r rcpnir iti rrunnmir.:lly fcu+iblc.md LcnJnr's u�uriry is not Icsscnul. If thc restorntion or
<br /> ��� �w •• * repair is not economicaUy feasible or L.i:nder's security�vciuld be Ietisened,tlie iniurnnce proceecls�hall be upplied to the sums
<br /> " 4""' secured by this Security Instrument, whether or not then due, with any exces, p�ict tu Bnrro�ver. If Borrower abandons the
<br /> • . ��, _ Property, or does nat an�wer within 30 days a no[ice from l.r.ndcr that thc inEUninoe carricr has offered to sctde a claim, then
<br /> w�, ,� Lender may collect the insurance proceeds. Le.nder may use the proceecis tu repair or restore the Property or to pay sums
<br /> =�"=' sccurect by this Security Instrument,whether ur not tlten duc.The 30-day perind will begin�vhcn the notice is g�vcn.
<br /> - ^ "'• Unless Lender anJ Bormwer otherwise agree in writing, any application of proccals to principal shall not extend or
<br /> - " ' r'•'�"�;z postpone the due date of the monthly paymcnts referrcd to in paeagrnphb I and 2 ur changc the amount of the payments. lf
<br /> . ���: " under paragraph 21 the Property is acquired by l.ender,Borrower's nght to uny insurunce policies and proceeds resulung fmm
<br /> ' dumage to the Property ptior to the acgmsitiun shall pass to Lender ro the excent of the sums secured by this Security I�strument
<br /> • � � immediately prior to the acquesition. Ixaseholdc.
<br /> - 6. Occapancy, Preservntton. Mafntenance and Protection of the Ptwperty; Barr�m'er's I.oun Appltcutio�r,
<br /> ', ,,,_� ;•� � Borrower shall occupy, establish,and use the Property a+ Borrower's principal n:sidence within sixty days after the execution of
<br /> =,�' this Securiry[nstrument and shall continue to occupy the Propeny as Bc�rmwer's principal residence for at I�ast one year ufter
<br /> - '' � �° the date of occupancy, �mless Lender otherwise agrees in writing, which conscnt shall not bc unre:ssonubly withheld, or unless
<br /> . - - ` exten�eating circumstances exist which are beyond Bnrcower's contml. Onrm��•cr shall not destroy, d:unaSe or impair thW
<br /> � " . • Property, allow the Property ta dcteriorate, or commit wa,te on the Pmperty. Barrower shall be in default if .iny forfeiwre
<br /> " � action or proceeding,whether civil or critninal, is begun that in Lender's gond fuith judgment cuuld result in forfeiwre of thc
<br /> ` Property or othcnvise materially impair the licn created by this Security Instrument or Lender's sccurity intcrest. Borrowcr may
<br /> cure such a default and reinstate.as provided in paragraph 18, by rausin�the action or prucccding to bc dismissed with•r ruling
<br /> � �� thut, in L.cnder's good faith determination, prccludcs forfeiturc of the Borrower's interest in thc Pruperty or uther materit►1
<br /> � � impair►nent of the lien creatcd by this Security Instrument or Lendcr's sec:urity interess. E3ortower shall also be in default if �
<br /> - Bonower,durin�the loan application process,gave matcrially false or inaccurate infumiation or titutements to Lender lor failal I
<br /> to provide Lender with any rnatcrial information)in cannection with dic loan cvidcnced by thc Notc, includin�, but nat limitai
<br /> to, representations coneerning Borrower's occupancy of the E'ropeny as a principal residenre. If this Securiry Inrtrument is un a
<br /> lcaschold. Borrowcr shall comply with all thc provisions of thc Icasa If Borrrnvcr a��yuires fec tidc to thc Property, the
<br /> �' � � Ieaschold and thc fee tidc shull not mcrgc unless Lcndcr agrces to thc merger in writing. I
<br /> •` 7.Pro2ectton oP I.ender's Rtgh�s tn the Property. If Dorcower(ails to perform the covcnantti and ugrecmcnts cuntain��d in
<br /> ' this 5ecurity insmiment, or thcre is a legul procecding that may significantly affcct [.�:nder's rights in the Prnperty (wch as a i
<br /> •°-• proceeding in bankruptcy, probate, for condemnativn or forfciture or to enforce laws nr regulutiuns), then Lendcr may do and
<br /> , � iy for whatever is necessary t�prhVec� �h n°�yh chf hasc ar orityYu cr thi:;aSecun y tlnstrument�p ppcar►g�ii court�paying f
<br /> Q�
<br /> .
<br /> ------ -- . .
<br /> ---- - -- -- mctuuc }xir�ng w,� .,....... ......-•-- -� .
<br /> � rcusunnble attorneys' fces and entering on thc Property to makc rcpairs. Although Lcn�cr may�ui:c ncuun u�����t���. t•u::.s��r^ �-
<br /> 7,Lendcr docs not have to do so. �
<br /> � � Any umounts disbursc� by l.endcr under this paragraph 7 shall bccome additional debt uf Borrowcr sccured by thi. ;
<br /> Security Instrument. Unless Borro�vcr and L.ender agree to other terms of payment. thesc amuunts shaU bc:►r intcrest(rom thc
<br /> " date uf disbursement at the Notc rate and shall be payable, with intc:rest, upon notice frnm Lender tu Borrower rcqucsting
<br /> .. ,,..,�`;: paymeut.
<br /> � S.1�torigt��;P Insurnnc+e.If U:nder required mortga�e insurance�s u condition of making the loan secnred by this Sccurity ��
<br />— `�''t: .. ';`�'�,�,.;: �
<br /> [nstrument, Bono�ver shalf pay thc premiums rcquired to maintain the mortga�c insuri�nrc m effect. II'. For any rca,on, thc
<br /> � • � • � mortga;c insurance covera�e required by Lender lapses oi ceases to be in effect, Bnrrowcr shaU pay thc premiums rcquiral tu
<br />_`—. ,' ` � obtain coverage subsiantially equiv,dent to thc mortgage insurance previously in eff'ert, nt u cost substantially eyuivailcn[ to thc ,
<br /> cost to Bor�ower of thc mortgagc insurancc previously in effect. from an alternatc mortgagc insurcr upproved by l.cndcr. If
<br /> ' �i
<br />_ •;< .
<br /> Y '� Form 3028 9/90
<br /> . . vop�2 ot a ,
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