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<br /> Tltie�Furds �tull bc heid in �n inttiwRian wh�c depo�in�tn iruurod by a �'aleral �gency, inutl��M��entity ,.
<br /> (in�luding i��xler.if Lenckr ia�uch an lnstifu�i�u)ur in any Fcdtru!Hainc La►�n Hank.l.eaxler shxll x(�fy tM Fu •a�p�y the
<br /> N�cr�w Itcros.[.�uQ«•►��t►y��.�t ch�rgc Ec�rmt•r�P fc�r h�►IA{f��r�aul nn�lylnq tNr,Fisods.nnn��aily analyxing th�escmw Wcc�,unt.ar�, ---
<br /> verify+ing the I?scraw Item+,nni�ss l,ender pwye&trroovea interest or�thc Punds And appIEcablc IMw pem�its l.ender sa nwk��u:h
<br /> R chArge. However,I.cndee may�+equlre Eiorcc►wer to�y u wx-tinta ctwrge for un(ndrpendent r+cAl estate tax rc�r�ing r�en'ice
<br /> used by I.eroder in eoonectf�in with thls loNn. unttwi appl�cs�bi� lew ptuvidea otherwi�o. U��le�.+ en agrament I.r ttu�de ��
<br /> a�rplicabie!sw requires interest co bc paEd�Lc�xler hhall not be r�quired t�pay�urn►wer sny intenst��r earninga on the Pur�s.
<br /> Bnrrower and Lenckr miy agrco�n wrlUng,hawever. th�n iieterest �hall be p�id on the Funda. I.+�nder ahall g�vPor whtc}t sxc�h
<br /> whhout churgc,an annual nccaunting of thc Funds, svhnwing cmfite utxl dct�its ta the�unsls and the purpos�
<br /> debit to the i�unds was madc.The t�urnly ura piedgc�l a�u�iali�iu►wl i:�xu�fty for nit sums�.surcd by thi9 Sect�rIty InstrumenY. ._ _. _
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<br /> If cho Funds hetd by Lender excad thc an►a�ants pemilttod to bo hold Dy eppIicable I�w,l.or�der sh�ll a�xount to Botrower
<br /> for the excess Fands in acmrdence with thercquicGnun4g of agplicable law. If 1fio amount aP tho Funds hel�i by l.e�der at Any
<br /> tfms is nat sufticiem ta pay the Escmw Items when duc.l,ender muy so wiolify Borrower in writing,and,in euch csse IIorrov►tr
<br /> sh�li pay to Lender the cusww►t nocessary to make up thq deficiency. Boerower ehall�aaks up the de5ciency in teo more th�n
<br /> twelva monthly payments.at I.ender's sole dIscrctian.
<br /> Upon payment in fup of all sums �secumd by thia Securlry Ensuument. I.ender shall promptly retund ao 1Bflrrower any
<br /> F�uids held by l.ender.If.under paiugmph 21.Le��der bhul!acquire or scl!the Penpeny. Lender. qdor to the ucquisidon or sule
<br /> of the Property.shall apply any FuMs hcld by I.ender at the time of acquisitlon or sele as n cruut nguinst the sums secured by
<br /> Ihis Socurlry Instrummnt.
<br /> 3.Applkation oi Paymeats.Uniess upplEcuble inw provides otherwise.oll puyments received by i,ender under patagraphs
<br /> 1 and 2 shalt be applied: first.to any pr�Paycnent chauges due wMer the Note;second, to su►wup►te PaYuble uRder paxegragh 2;
<br /> third.ro lntemst�ue;fowth.to pr�ncipai due:sud last.w any lute charges due under the Notc.
<br /> 4.Charges;Lteav.Borrower shall pay nll taxes.assessments,charges, fines uud ImPosidons Attrlbutable to the P[operty
<br /> which muy nunitt pdor�ry over this Secunty Instrument, and leasehold payments ar gmwsd rents. if a�►Y• Borrower shaU pny _
<br /> these obllgatlons in thz manner pmvlded In paragraph 2.or if uot paid in thut manner.8urm�wer ahall pay them on time direc�ly
<br /> to the person owed payment.Borrower shall pmtapdy fumish to Lender ali a�otices of paaounts to be paid under this paragraph.
<br /> Tf Borrower makes these pnyment3 dit+x+utlly.Borrower shall prom�tly ft�rnish to f.eader recelpts evidenciag the payments.
<br /> Borrower shuil pmmptly discharge any lien which has prlonty over thls Sacwity Insuument unless�armwer: (a)a�es tn
<br /> wridng to the payment of the obligatton setured by the Iten in a roaaner acceptable co Lender,(b)contests lu 800d fuith tt►e IIen
<br /> by. or defends aguinst enforxment of the lien in, legul proceeclings which in the Lender's opinion oper.cte to prevent the
<br /> enforoement of the llen;or(c)aecums from the holder of the lien an agreement saUsfactory to Lender subotdinating fhe lien to
<br /> this Security Instrument.If Lender determines that any paK of the Property ts subject to u lten which may attnin priority over _
<br />= thi�Securiry Instmment.Lender may�ive Borrower a notice identifying the lien.Bortower shall sat�sfy the lten or take oae or
<br />= more of the actlons set focth above wtthin!0 days of the givin�of nodce.
<br />- S. Hazard or Propetrty Insurance. Botrower shall keep the im�rovements naw existing or hereafter erected on the
<br /> Property fnsured against loss by 6re.h�zards includeJ within thc tcrm extended coverage"nnd any other haaards. includins __ __
<br />= tlnads or flooding.for ahich l.ertder requires tnsurance.'17�is insurnnce shall be mnintained in the amounts and for the periads _
<br />- that l.ender requires. The insurance currler providing the insurance shali be chosen by Borrowcr nu�ijz�.�i to I.c�sr's sppraYS!
<br />- which shall not be unre�sonably withheld. If Borrower fails to maintain coverage described above, Lender may. at i.�nder's
<br />' option.obtain coverage to protect Lender's rights ia the Property in accordance with paragraph 7. .
<br /> All insucance policies and renewals shall b��cceptable to l.ender artd shall jnclude a stendard ma�tguge clause. Lender
<br />= �ha11 have the right to hold thepolictes urtd renewAls. If Lender re�uires.Borrower shnll promptly give to Lender all ceceipts oF
<br /> - ps�id premiums and renewal notices.In the avent of ioss,Borrower shall 6ive prompt notice ro the insuraace carrier a�Lender.
<br /> Lendar�may malce proof of loss if not mude prompti�by Borrowcr.
<br />= Unless 3,ender and Borrower otherwiEe agree m wrottn�. insurence proce�da shall be applted to restaratton or repair of the .—.
<br /> - property dama�ed,if�the restoration or repair is ecortomically feasible and Lender's security�s not lessened.If the resmradon or
<br /> - repair is not emnomicaUy feasible or I.ender's security wuuld be l�sened.the insurance proceecis sha11�e applted co the swns
<br />� secured by th(s Seatrity Insuument. whether or not then duc,with uny excess paid to�orrawer. If Borrower abandons the
<br /> Property.or doe5 not enswer within 30 duys a notice from Lertder that the insurance catrier has offered to settle a claim, then
<br /> - Lender may colfecc the insumnce procc�ds• Lender may use the p»ceeds to repair ur sestore the Property or to pay sun�s �
<br />= secured by this Security lastrument.whether or not then due.The 30�day periad will besin when the notice is given. __
<br /> = Unless L.ender and Bormwer othernise a�ree tn wdting, any application of proceed5 to princtpal shall not extend or �,�,,
<br />� postpone the due date of the monthly payments referred to ln parugraphs I and 2 or ctu�age the amount of the paymenu. If �...;
<br />' ti under.paragraph 21 the Property is acquired by Lender, Borrower's ri�;ht to any insurance policies and proceeds resulting from __
<br /> � damage�to the Propeccy prior to the acquisition shall pass to L.ender tu the axtent of the sums secumd by this Security Instniment _�._�`
<br /> �mmediately prior to the acquisitton. , --�
<br /> 6.Occupeney.Pr�ervation,MWatenance and Protection of the Property;�orrower s Loan Applicadon;Leaseholds. �„},_
<br /> Horrower shall occupy.establish,and use the Property as Borrower's principul residence within sixty days nfter the execution of -v
<br /> this Security Instrument and shall wntinue to occupy the Property as Borrower's principn!residence for ut least one year e8er "-
<br /> the date of occupancy,unless l.ender othenvise:�gn:ec in writing, which consent shall not be unmas�nably withheld.or unless '.f��
<br /> extenuating circumstances exist which :ue beyond Borrower's contc�ol. B�rrower shall not destroy, dama�e or impair the ,�'�-'•
<br /> Property.allow the Property ta deteriorute. or commit w:sstc on the Properry. Bnrcower shaU be in defuult if any forfetture . _
<br /> action or proceeding, whether civil ur criminal, is begun that in [.ender's gcmd faith judgment could result in forfeiture of the
<br /> Proper►y or otherwise materially impair the lien c�eated by this Security Instrument or[xnder's securiry d�nterest. Borrower may .
<br /> cure such a default and reinstate.ns provided in paragrnph 1 S.by rausin�the action or proceeding to br dismissed with a ruling
<br /> thac, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property er other material
<br /> impaisment of the lien creuted by chts Security �nstrument or Lender's secudty interest. Borrower shall also tre in defnult if ,'
<br /> Barro�ver,during the loun application pracess.�ave mntedaliy tulse or i►�ccurute informution ur statements to Lender(or failed .
<br /> eu provide Lender wid�any muteriul infortnatioa)in connectton with the loan evidenced by the Note.including,but not lim[tod
<br /> to.representations oonceming Borrower's occupancy of the Property as a principal restdence.If this Security Instrument is on a
<br /> leasehold, Borrower shali �bmpty with all the provisions of the lease. If Borrower acquires fee title to thc Property, the
<br /> leasehold und the fee tItle shall not mer�e unless Lender Agrees to the merger in writing.
<br /> 7.ProtecYton oP Lender's Rlghts in the 1'roperty.If Borrower fvls to perform che covenants und n�reements contained in �
<br /> this Security Instrument,or there is a legal proccrding that may significandy affect Lertder's rights in the Property (such as a
<br /> proceedin� iu bankntptcy, probate, for crondemnation or forfeiture or to enforce laws ar regulutions).then Lendcr may do and
<br /> pay for whutever is necessary to mtect the�•alue of the Property and Le�ei s rights in the Property. l.ender'�uctions may
<br /> __�_�_ _ e....�i... o li..n �ul�irh hnc nrinntv nver thjC Seruritv Iastnunent. aUDCiif�fU: �11 mu[I• p�Y�nE
<br />- i�R�uvc �0 6 o�.j "..... _� ..�__ .. - -
<br /> reasonab�e attorneys•' fees and enterin�on the Propecty to inake repaits.Althon�h Lender may take action under this para�traph
<br /> 7.Lender does not huve to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become addittonul debt of Borrower �ecured by this
<br /> Securiry instrument. Unless Borrower and Lender agree to other terms of payment,thpe amounts shall brar interest from the
<br /> date of disburscmcnt At the Note rnte and shall be payable. with interest. upon notice ftom Lender to Borrower rcyuestin�
<br /> payment.
<br /> 8.MortgoSe Insurnnce.If Lender required mortgage insur.ince:u a condition of makin� the(oan sc��ured by this Snuriry
<br /> InstrumenE. Borrower sh�ill pny the premiums requirecl to maintain the mortgage insurance in effect. If, for nny re:uon. the
<br /> mortgage insur.u►ce rnvzra�e required by I.�nder lapses ur ceases to be in effect, Borrower shall pay the prcmiums required to
<br /> obtnin coveruge substnntiully eyu�v:ilent to the mortguge insurance previously in effect,at n cost sub�tuntiully equivulent to the
<br /> `� cost to Borrower of the mortguge insurance prev�nus�y m etfect, from an uitemate mortgugn in�urer upp:oLCd by l.cndcr. tf -
<br /> Pape 2 0�a Form 9028 9190
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