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<br /> . - - _� . - iit'.lTS::`.i'm�liw nr .�tititv __ .' __ •,.
<br /> � Thc Fund. tihidl Ix t�ctd in un m,t�tunnn wpo�c dep�,+ii,u�� ����ui.:.i �y .�f�:i�r! atcn:y. ..,• , - ---'-' . -.: _ .:
<br /> � tincluding [.cndcr. if Lendrr is aurh un;nstitutinnl ar in uny Fedcral Numc l.aun Bank. I.c�idcr tihali.►pply ihc Fund� tu pay tlu , "
<br /> .. E,craw Ucnn. IAndcr may nut churgc f��rmwcc for holdin�and applying thr Funds,annuully an�dynng thc c�cm�v accnunt.� �.
<br /> vrril'qiu��hr F:.rr�+w Itcm,. unlc•�Ixnd�r payti Eiurruwrr intcrrtt�m thc Nund,and ap�licahlc luw p�:nnit�IAndcr tu rnakc wrl� l ,
<br /> . r�chur�;c. Huwcvrr.Lcisdcr may rcquire liorrowcr to puy u unc-timc char�r li�r an ind��kn�irnt rral r,tatc u�x rcpurtin�,rrvir� .
<br /> u,cd by IxnJcr i� c�mncction with this luan. unleti+ a�plirublc law providc� othcnvix. Unlr.� an agrecmcnt iti mudc u�
<br /> appliruhlc law rcyuirc, interc+t tu be paid. l.cnder+huU not be requir��l tu pay 8arruwcr any intrre�t ur cuming+un tl�e Fund+� ,.
<br /> . Barrowcr anJ l.cndcr muy ugr�c in writin�;.h�iwevcr. thut intrr�st �hall lx pai� un thu Fund+. IAndc��hall givc t�� &�rrow�t.
<br /> ��I without churgc, an unnual ucruwuin�of thc Funds, shuwing crixlit,und dcbits to thc Fund� and thr pu���+r fur whinc �uch� ,..
<br /> ! debit ta the Fiuids �va�mude.The Funds urc plcdFed as udditionul sccurity for uU tium� ��tiurrd by thi.Scrurity lnstrumcnt. +y
<br /> . 1f thc Fund+hcld hy tandcr cxcccd thc amounts pern�itred tc�hc hcld by:►pplicaMe Inw,l.cndrr tihall arcuunt ta B��rrowcr�
<br /> ' for the exreti�Funds in accordunce with the requirements of uppliruble law. If the umuunt uf thr Funds held by Lender ut uny�
<br /> ° �� . ^ timc ix�wt tiufficicnt to puy the Euraw Itcnn when due,l.cnder may�o notify Bc�rrowcr in writing,and, in�uch cu+c:Burrua�cr ,
<br /> • +hull pay a� [.erxicr the am�mnt neccs�ury to make up the deficiency. Bormwer +hatl makc up the defic�ency in no more than�
<br /> twelve monthly payments,ut Lender's,nle�liscretion. °
<br /> Upun payment in full of ull sumx se:cured by this Security Inurument. C.ender shuil promptly refund eo Bonciwrr uny .. .
<br /> Fund+held by Lender.If,under parugtuph 21, Lender shull acquim or seU the Property.I.ender,pnur to the acquitiitinn or�le
<br /> of the Pmpetty,shall apply any Fundti held by L,ender at the time�f acyuisitian or�►le ati a crcdit aguinst thc surn�secureci by :
<br /> this Security ln.rtrument.
<br /> 3.Applicatfon of Payme�ts.Unless applicuble luw pravides othcrwi�c,all p•ryments received by L.ender under parn�rnphs
<br /> . I and 2 shnll bc opplicd:f rst. to any prepayment chargcs duc undcr thc Nutc: �ecand,to amounts payablc under parsgrnph 2;
<br />. third,to interest due;fourth,to principal due;and latit,to any latc charges duc undcr�he Notc. ,
<br /> • 4.Charges; Llens.Borcawer shull pay all taxes,assessments.charges,fines and impositions attributable tu thc Pruperty
<br />= which may attain priority over[his Security Instrument, und leasehold payments or�raund rents, if any. Borrower shall pay . ��
<br />` �� : these obligations in the manner providecl Inp�ra�raph 2.or if not paid in thut manner, Borrower shall pay them un time directly ' °� '
<br /> ta the person owed payrncnt.Burru�ver shuli promptty fumish to l.cndcr al! notices of amounts to t►e paid under this paragraph. " . -..
<br />: If Borcawer makkes thesc payments directly. Borrawer shall promptly furnish to Lendcr raeipts evidencin�the payments.
<br /> Borrower shall promptly discharge any lien which has prioriry over this Security Instrument unless Botto�ver:(a)agrees in �' ,
<br /> . ' writin�to the paytnent af the obligation secured by the lien in a manner acceptable to I..ender;(b)contests in good faith the lien .
<br /> " by, or defends asuinst enforcement of the lien in. Iegal proceediags which �n thr I.ender's opinion operate ta prevent the
<br /> � enfarcement of the lien;or(c) secums from the holder of the 1�_��un n�reement satisfactory to Lender subordinating the lien to ,��i
<br /> this Security Instrument. If Lender deterniines that un}•Nurt of the Property is subject to a lien which may attain priurity over "'��_
<br /> this Security Instrument,Lender may give Bonower a notice identifying the lien. Borruwer shall satisfy the lien or take one or `�°
<br /> � • more of the uctions set forth nbove within 10 days of the giving of naice. '„ ±c� .:
<br /> S. Nezard or Property Insurance. Borrower shall keep the improvements now existing or hereafter erected on the yK �---
<br /> � Property insured ugninst lass by fire. hazards included within thc term "extended wvetage"and any other hazards, including � ,..,ii���
<br /> " � �� ftoods or flooding.for which L.ender requirc�insurunce. This insurance shull be maintained in the amounts and for the periods . • �
<br /> that I.ender requires.The insurance carrler providing the insurance shall be chasen by Borrower subject to L.ender's approval ,� _`•� ,
<br /> � � wh�eh shail not be unreasonabiy wichheid. Ii 8urr�,wr.� taii� i�.+:aintain co�c:agc descritsed shove. Letuler may. a� irnder'c -
<br /> option,obtain covemge to protect Lender's dghts in the Property in accordancc with paragraph 7. �
<br /> All insurance policies and renewals shall be acceptable ta Lender and shall lnclude a standard mortgage clsuse. l.ender .� �� ;
<br /> shall have the right to hold thepo licfes and renewals. If Lender requires.Borrower shall promptly�ive to I.ender all receipts of ��� �r � ,
<br /> � '� paid premiums and renewal natices.In the event of loss,Borrower shall give prompt notice to the msurance carrier and I.ender. + ;
<br />' . , Lender may make proof of loss if not made promptly by Borrower. s shall be a lled to restoration or repalr af the �'$�� "�}�
<br /> I nless Lender and Borrower othenvisc agree in writin�, insurance proceed PP �
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<br /> ' • .T�ro�erty damaged,if the restoration or repair is econamically feasible and Lender's security is not lessened.If the restoration or , 3�
<br /> repair is not ocunomically feasible or Lender's security would be lessened. the insurance proceeds shaU be applied to the sums �•� '�
<br /> ' secured by this Security Instrument, v�hether ur not then due, wit h any excess p a i d to B o r r o w e r. If Borrower abandons the
<br /> Property, or does not answer wtthin 30 days a notice from I.ender that the insurance carrier has offered to settle a�laim, then •
<br /> . " Lender may collect the insurance proceeds. Lender may use the proceeds tu repair ur restore the Property or to pay sums ., " �_�
<br />- • • se�ured by this Securiry Instrument,whether or not then due.The 30�iay period will begin when the notice is given. ��
<br /> ' Unless Lender und Borcower otherwise ngree in writing, any appltcution of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs l and 2 or change the amount of the payments. If .• -
<br /> . under paragraph 21 the Property is acquired by L.ender, Borrower's right to any insurance pollcies and procecds resulting from ,,`� . ;, �
<br /> ' � dwnage to the Property prior to the acquisition shall pacs to Lender to the extent of the sums secured by thts Security Instrumcnt , . �- r
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<br /> �, � immediately prior to the acquisition. ' ���,
<br /> - � 6.Occupancy,Preservat6on�Maintenance and Protectton of the Property;Borrower's Loan Applicatton;Lea.seholds. 'Y..�-.-
<br /> � �w Borrower shall occupy,establish,and use the Propeny as Borrower's principal res�dence within sixty days after the eaecution of �:��',i���•'���
<br /> � � this Security Instrument and shall continue to occupy the Property u,Borrower's principal rcsidence for at least une year aRer ��.,�,: .
<br /> � � , „ � the date of occupancy. unleas Lender otherwise a�rces in writing, whtch....asent slutl!.._; be un-�•-�•-.�.L;� ..iu�iieid, ur unless •� .�._
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<br /> - � extenuatin� ctnumstnnces exist �vhich are beyond Borrower's conrrol. Borrower shall not destroy, damage or impair the ��.
<br />' • � � � Property, allow the Property to de�ciiorate.or commit waste un the Pwperty. I3orrowcr sh�!! be in dcfault if any forfctture -'� -�;����•-.-
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<br /> • action or proccxding, whether civil or criminal, is be�un that in Lxnder's good fuith judgment could result in farfeiture of the �
<br />- '' Property or otherwise materially impair thc lien created by this Security Insaument or Lender's security interest. Borrowcr may °
<br />- cum such a default and reinstate.as prcvided in paragraph 18, by causing the actionor proceeding to be dismissed with a ruling
<br /> � that, in Lender's good faith detertnination, pretludes forfeiture of the Borrower's intcrest in the Property or athcr matcrial „ ..
<br />- �-� impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shatl ulso be in default iF
<br />--- ,--,� Borrower,durin�the loan application process,gave materially false or inaccurate information or statements to Lender tor fuilod o
<br />_-�•-" •• � to provide I.ender with any material information)in connection with the loan evidenced by the Note, including, but not limited . •
<br />- ' to,representations concerning Borrowcr's occupancy of the Property as a principal residence. If this Security instrument is on a
<br />- � , leasehold. Borrower shall comply with all the provisions of the Iease. If Banower acquires fce title to the Property, the
<br />- � ' ° leasehold and the fce title shall not mergc unless L.ender agmes to the mer�er in writin�.
<br /> � 7.Protection of I.ender's Rights in the Property.If Bonower fails to perform the covenants and agreements contained in
<br />- this Security Instrument, or there is a Iegal proceeding thut may signifirantly affect Lender's rights in ihe Property (such as a
<br /> proceeding in bankruptcy, prabate, for rondemnation or forfeiture or to enforce lawy or regulutions),then Lender may do and
<br />� Qay for whatever is necessary to protect the vulue of the Property and Lender's rights in the Prx�perty. Lender's actions may ..
<br /> �nclude puying uny sums sc�un�d by u lien which h;u priority over this Security Instntment, appwrmg in court, paying
<br />.= _-- _ masonable s�ttomevs' Cee+ and entering on thc Property to make repairs. Although Ixndcr m;�y take action undcr thi� paragrsph
<br /> , `, -- - - 7.I.endcr dces not havc tc�do so. : `_ -
<br /> Any umounts disbursecl by l.ender under this par�agraph 7 shalt becume additional debt e�f &irn�wer tiecurrd by this ,
<br /> - Securiry Instrument. Unlc�s Burn�wcr und l.ender agrec to other terms of paymcnt, thesc amaunts,hull beur interest from thc •• ..
<br /> �' � date of disbunement at thc Note ratc und�hall be paynblc, with interest. upun nutice from Lender ta Bormwer mquesting -
<br />�'�` • payment.
<br /> t" '� S.Mortga�c Insarnctce. If[xndcr reyuired m��ngagc insurancc us a candition c>f making thc loan,�tiu�tixl by this Sctiurity •• „
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<br /> - Instrument. Borcower shall pay the prcmiums myuinxl to maintuin the mortguge imursnce �n cffctit. If, fi�r any reason, thc
<br /> `— mortguge insunsncc coveragc rcyuircd hy I.cnd�r lapses ur rca�es to bc in effect.Borrower shaq pay the prcmiun:r reyuircd to
<br /> ° obtuin c�wcra�;e substuntially cyuivalcnt to the martgagc insurance previoualy in effect,ut a cost tiubtitantiully cyuivalent to the
<br />'� � ro�t to Be�rn�wer uf the monga�c intiur.�nce previuutily in effect. from an ultcrnate rm�rtgagr insumr upproveci by Lender. If
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<br /> Pe�o J of 4 Form 3028 9190
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