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<br /> - :---- ._. =� 'iit� i�nit�is :�I�:!il {n; i:.:fd i�� ,:n It:•.titr.tion r�fi�,c� �I:ur.its .��y �nsured Gy a fc:irrnl7ayrilc;�. i��SA�m��e��t�tli�yo u,�,c�tit}� ---._
<br /> _ I �3YIC�IIL�1U!!�d:iU�"Y',IF M 4.I1''.;'i�ti Lllljl on i�.z:.titt�ilu;►'y+ir�u�a�ijl��:.!�:i�'��i:lii!'T:�;il{;'1L,,,�'n��'�y f,;l!!�Vt`It'��.v�11z ''�u�;l i if), .i":r,��� J�•'• � �
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<br /> � __,.__ _ �SCrow Itcros. �.cudc;tu:iy IIQI C11:1f�CF�tJIWtvc1 iu�6�„Ss,i�,;,arai:,p;�l�i:;,t t::: n+:• �, °.. •
<br /> --- vcri£yfng the E�cmw Ttcuts,ui�lcss i..cndGr pnysl3urrc►wtr iutcr,:st�ut zlio l��utdti nu+l up iical�le 1a�v permit�+l.e!Klrr t�i�,�:�kc�,;::i� ___-
<br /> n charge. However, [.ender nu►y require �rrn�ver to puy s+ut►c�•tiri�c charge f�►r an i�epcncleM ���ai estatc cux rc��rii��y:a�vic�
<br /> us�.�l by i.e�xler In cunn�ctian wlth ihie loun. unless appiicable law pr�vides nthcrwisc. Unles�: an agierment is nw�ir ��r
<br /> applicabls law rGq�irt9'snecrest to be pai�l,l.endcr�hali nut be rcyufrc�l to�iay IicrKr►wc�•ar►y lntcectit ur eumings c�rt tt►c�'uiwJs.
<br /> Borcower a►xi Lender nu►y agr�ee in wdting, however. tl�at interest shall b�W►id c�n the Fwxss. Leniier st►all,uivf«whi h��uwct►
<br /> _ _ _ , tvitit�+�t r.hnr�e, �m i�nnunl nccounting ot'the Fur�cl�i� showing crcdits and debits ta the !unds anci the pttr{x: ctr
<br /> dcbit to the Fu�xis was made.Thr f�u�x)s are plcdg�d ns additiunui sc�;ui ity Foti•ull tiu�+�s:.ccur,:�l�er hs�ll�ruccount ta�Horrower � --
<br /> If ihc i'uncts held by I,cndcr exceecl th� umounts gennittecl ta be htld by upplicable Isw.
<br /> �� for the excess Funds in accardanee with the requinments of npplicable luw. !F the amount of the Funcis held by Lender et ru►Y
<br /> time is nat sufPicient to pay Ihe�'scrow items whcn due,[.ender muy so notify Borrower In writing, a�ul.in such case B:�rrnwer
<br /> v� sl�all pay to L.erHler tl�e amount necessary to mako up the deficie�cy. Borrower shall�nake up the deficiency in no nwre ttwn
<br /> twelv�monthly{►aymee�ts.ut Lender's sole discrction.
<br /> - . U�ron payment in full of all sums secured by this Security Instrument, Le��der shaU pr�mptly refund tu Borcowcr any
<br /> of he Proa bryt J,sh jj A1f.1underFund9 held by C.endcr ut the cime af ncqaisttian�or sale as acrodit��airst the si+ms�i�,a��ty _ __
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<br /> - this Sccurity lnstn�ment.
<br /> 3.Applkutlon of k'aymen4s.Unless applicAble law provides other�vise,ull payments rcccivc�i by Lender undcr paragrap�s
<br /> 1 and 2 si�nll be applied: first. to uny{srepuyment charges due under the NAte;second, to aunounts payuble und�r paragcaph 2:
<br /> third,to interest due;fourth,to principal duc;and last,to any latc charges due undcr thc Note.
<br /> 4,Clwrges; LIenS. Borrower sha11 pay s►U taxes,ass�ssments,charges. fines and impo5itions attributablc to•tlie Property
<br /> � wirich may Attain peiority over this Security Iastrument, and leaschold payments or ground rents. if any. Borrower shaU pay
<br /> these abligations in the manr�er provided in parasraph 2,or if not patd•in that manncr,Burruwr:sn�ll pa3+them on time dir��ct�y
<br /> �— �"��, ic the p�rson oe:d paym�nt.Eono��:er sh�ll pmmptiy furnish to Lender ali nottces uf amounts to be pa�d under thi5 parngraph.
<br /> --^=•=--�-� If Do��rowc:r makes ehese p�ymen:s directly, Aarrower siiall promptly fumish W Lender receipts c:videncing th�}:�j ments.
<br />- '-�----_-"° Borrower s!►alt pronptly discharEc any licn.Jhich has prionty over this Securiry Cnsteument unless B�nower: (a)ngrees in _ __
<br /> -�`� writing ro the payment of the obligation secured by the lien in a manner ucceptnble to I.ender;(b)contrsts in good faith the lien �
<br /> = by, or defends ��ainst enforcement of the lien in, legal proceedin�s �vhich in the i.ender's op�nion operate to prevent die
<br /> enforcement of ihe lien;or(c)secums frum the holder of the lien an agr�ement satisfactory to l.ender subordinating the licn to
<br />--..� -.---__-- - this Security yna!i?inent. Tf I.er�der determines that any part of tlie Propsrty is subject to a iien which msy attain �riority over
<br /> - - this Security Instrument, Lender may�ive Borrower a notice ident►ty�ng the lien. Bonruwer Sha11 suusfy thc lica cr 2:::c or_e�r
<br /> �� more of the actions set forth above within!O days of the giving of noticc.
<br /> � - 5. Hazard ar Propetty insurance. Borro�ver shall ketp the improvemenu ttow existing or hemufcer erected on the
<br />----- - Property insured ugainst loss by fere, hazards inr.luded within the term "extended coverage" and any other hazards, including
<br />=--_—=�_- ����r��lna,g.��wh.jrh I.ender requires insurunce. This insur��ce shal!be malntained In the nmounts and for th qperiods
<br />_ --�-y-;� that l.ender requires. Ti�e insurance carner providing[he insurance shall be chosen oy Bor�ovvci sa�jc:.t t� Lensl=r'..-FFr-.'�
<br />-�'���� which shall nat be unreasonably withheld. If BorroweR fails to maintain coverage described above. Lender muy, at l.ender's
<br />-_____ -�;.� option,oblain covernge to protect L.ender's rights in the Property in accordance with paragraph 7.
<br /> u��=��•�r:e..s All insuranee policies and renewals shall be acceptable to I.ender and shail include a standard m�rt�age clause. Lender
<br /> --===-�--°-ti.� shall have the dght to hold the policies and renewals. If L.�:nder requires,Bonower shall promptly give to I.ender all receipts of
<br /> '-�'_`_�"_""=�..�'=?�'a pud premiums and renewal notices.In the event of loss,Borrower shall givc prompt notice to the tnsurance carr►er and Lender. —
<br /> _-.;x,� Lend�r may mal�e proof of loss if not rz�ade promptly by Borrower. __
<br /> �_;�,;;n,_�� Unless Lender and Borrower otherwise agrce m wntmg,insurance aroceeds shall be applied to restoration or repair of the
<br /> -�,M,-;=-;;,�:��� praperry damaged,iF the restomtion or repair is economically feusible and Lender's security is not lessened. If the restoration or �
<br /> ..---,,.�.�:«�a repair is not econornically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums
<br /> �=�"� ,�� secured b tlus Securiry Instrument, whether or not then due. with any excess paid ro Borrower. If Borrower abandons the -
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<br />- �b�3��??!�-- Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle u claim. t en
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<br />-" � ���,�.� Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore tlie Property or to pay s • �
<br />-=:,rt�*�ar•��'�f secured by this Security Instrument,whether or not then due.The 30-day period will bcgin�vhen the notice is grven. �.,�,�
<br /> :.,s�;�,:������ Untess i.ender and Borrower otherwise agree in writing, any upplication of proc�:eds to principal shnll n�t extend or �>,..
<br /> �w.;-_��r� postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If �
<br /> �=`:+�`����+''� under paragraph 21 the Property is ucquired by lxnder, Borrower's right to any insurancc palicies ancl proceeds resulting froin v_,.
<br />=_T�,�� �;,
<br /> .: ,: l, . dama�e to the Property prior to the acquisiQion shall pass to Lender to the extent of tlie sums secured by this Security Instrument
<br />�','',;_':,v{f' immediately prior to the acquisition. r'
<br />:�•. -�- 6.Occupancy,Prcservntton,MaintenAnce and Protection of the Property,Borrower's Loan Appl4ct►tion;l.epseholds. ���.;:�
<br /> ��._:
<br /> ;���'�� ' establish, and use thc Property as Borrower's principal residence within sixt da s aRer the execution of �_
<br /> - Bonower shall occupy. Y y �`�
<br /> �.::�,:�a�� �`�
<br /> -�•�3�-"� �• this Sec;urity instrument and shall mntinue to oceupy the Property as Borrower's principal residence for at least one year after c.
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<br /> :.+�;f;�;_;i,y, �� the date of occupancy. unless L.ender otherwise agrees in writ►ng, which consent shall not be unreasonably withheld, or unless
<br /> -=;;'~;.;,;_', . extenuating circumstances exist which are beyond Bonower's control. Borrower shall not destroy, damage ar impair the
<br />^'�;r"Y,`_�}}"�;= Pruperty, allow the Property to dctcrioratc, or commit wuste on the Property. Borrower shall be in default if nny forfeiture
<br /> -�r,,-,�°�-; �� action ur pmceedin�,whetlier civil or criminul,is begun that in Lender's good fnith judgment cauld result in forfeiture of the �
<br /> Property or otherwise materially impair the lien created by this Security Instrument or L.ender's security interest. Horrawer may
<br /> cure such n default and reinstaee, as provided in parngraph 1 S,by causing the action or procceding to be dismisse.�i with a ruling
<br /> - . " '`� � that, in Lendcr's �ood faith determination, precludcs forfeiture of the Borrower's intcrest in the Property or other materisl
<br />_�,•���'�, , •y� impairment of the lien crcatul by this Security irestrument or Lender's security interest. Borrower shall also be in default if
<br /> ��•r� . ;1 Bonower,during the loar_application process, guve materially false or inaccurate information or statements to Lender(or failed
<br /> v � to provide Lender with any material information)in connection with the loan evidenced by the Note, including, but not limiteci ,
<br /> � . .�.::`t�' � to,representations concerning Borrower's occupancv of the Property as a principal residence. If thi5 Security Instrument is on a
<br /> " �F i'' Icasehold, Borrow�r shall comply with all the provisions of thc lcase. If Borrower acquires fee title to the Property, thc
<br /> ,� leasehold and thc fcc dtle shull not mergc unless Lcnder agrecs to the mcrgcr in writing.
<br /> 7.Protectlon oP Lender's Righ�s in the ProNerty.If Bonower fails to perform the covenants and agrcements contained in
<br /> � � t�- this Security Instrument, or there is a le�;al proceeding that may significantly affect Lender's rights in the Property (such as u
<br /> �t..� �,:,y': pmceeclins in bankruptcy, probate.fvr condemnation or forfeiture or to enforce laws or regulatians), then Lr.nder may do and
<br />_ : ' • ,;;,,, pay for whatever is necess.uy to protect theMvalac Mf�the Pnoperty ve�r h s�Securit��tlns rument�flpp ��d�"r's action�s�ma�
<br />..._ ,:• - -
<br /> earin in court, a in�
<br /> _ _— --.;�_: inciucle paying any suma �c�:u�a ..,7 a �,.�. ..�...... ..._ �. _..,
<br /> . rcasonable ariorneys'fces and entcrittg on the Property to make repairs• Althoogh Lender may take action under this paragrapn -
<br /> ' - �,Lender docs not have to do so. I
<br /> .. „ ` Any amounts disburscd by Lender undcr this parograph 7 shall be�:ome udditional debt of Borro�vcr sccurcd by this
<br /> ' Sccuriry Instrumcnt. thticss Borrowr.r and Lc:ndcr ugrec to othcr tcrms of paymcnt, these amounts sh,dl bear intcrest from thc
<br /> datc of disbursemcnt at tlie Note ratc and shall be payublc, with interest, upon noticc irom Lcnder to Borrowcr rcyuesting (.
<br />, payment.
<br /> 8.Mortgnge insurnnce.If I.cndcr requireci mortgagc insurancc as n condition of makin6 thc loan sccurcci by this Securiry i
<br /> • Instrument._Borcower sh�dl p.iy the premiums required to maiqtain the mortgage insuranc�. in effect. If, for .uty reason, the �
<br /> ' mortQage insurance coverage reyuir�d by Lender lapscs or ceases to be in effect. Borcower shall pay the premiumti required to 1
<br /> obtain cover.ige substantially equiv;elent to the mortgage insurancc previously in effect, at a cost substantially eyuivalent to thc
<br />;.,, �.� ,� cpst to aorro�vcr of the mortgagc insurancc previously in cffcct, fram an alternate mortgage insurcr apptvvcd by [.cnder. If ;
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<br /> ? ' � • Form 302g 9190 �
<br /> � _ � Pepo 2 01 4
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