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<br /> The Fuuds�s�all E�e heW in an �nstitution whose daposits n� insused by n federal,ogency. instrumemaSity. or entity ,' _
<br /> (i�ctuding Lettdet.if l.e�ider is s�tr,tt an fisdtation)or�n sjny Federal Hom3[�n�ank.Lca�ter shall�ppiy the Funds to pay the , _
<br /> � Esc�w Items.Leteder may ans charge Borra�vet for4�lding and appIying tke Funds:nnnsunity c�,�lyzing the essroEV aooaunt,or
<br /> �e ri f y i n g e h e E s c r o w I t e m s,u n t e s s L�t d e r p a y s S o r m�v e r i n ter2st on the Fu�tls und a pDIicuble taw�e rn ut�I.e�der to maice',suc}�
<br /> � u charge.Rowever.i.ender may cequ've Borcower tty P�y a ane-time charge for en i c d$pendenC ra!cstate qnx repartin��enric�
<br /> ussd by Leaidea En coaueetiun with t]iis toan. u�tess applicable tnw pravtdes otherwise. llnless nn ngoement is made t�r —
<br /> . upplicable taw iequims interest to be p�id.Lender shall not be`requir�to Qay Botc�wer aay intem.�t ar e�umings on the�nnds.
<br /> Qor�ower nad Leader m�y��eee in wntiag,however.that intcrest shall be pazd on the Funds.Lender si�al!�ve co Borrawcr.
<br /> , arithoui c�arge.an�¢ivai�annnng of the Funds.sh�wing cmdits un�deb�t�to the 1FUStds aad the putposc for wiuch•exsh __
<br /> debtt to tha Funds wag m�de.'t7is Funds aie pi��ad os ndditiona]secuacY for ull swns secured by this Security tnsirumen� _
<br /> If the Fands held tsy i.etider�coeed tiie a.u�ats{�maisi�sa be�by�n tic�hlg I�u,.<Le�er�hali a�unt to Boaowe� _
<br /> fQr the eazess Funds in�aaordaaee v+ith tt�e're4uiremet►ts of aPPUcaeie iaw.ff�e amount of the Fuads held by�Lender at any =
<br /> time is not.sufFecient to p�y tiis Escrosv Items whsn due.�der may so autit�l Bosower ia�vredng.and.in sadi ca��orrocv�r � _
<br /> shali pay to L�nder tIle amount�ecessary to ma4cee up the dsficiencY. Borrower si�all m�ke up the�cieucy in an mo�tt�a' .
<br /> twaive montYclY PaY��•ai Lender's sate discretion. . .
<br /> Upon�oayment in full of all sums secuted by this Se�rity Im�u�em, Lender shall promptly refuad to Borrawer any
<br /> ' �Fuads held by l,ead2r.If,under paragraph 21.Le�ler sha11 asquiie or setl die Property,Lendar.�nor to the aoqvisirion or sale
<br /> of tiae Pr,o�ty.slzall uppiy any Fwt�s fleld b�I�der at the time of acquisitiop ar sale as a cred�t a�ainst the sums s�by
<br /> this Security Instument. �
<br /> 3.Applk�ti4n of PaYmmta.tJNess applicabte iaw pmvides athecR►ise.all Payments tzaeived by Lender under paragiaphs .
<br /> 1 and 2 sha!!be agplic�d:first,to�1ny prega,vmemt chatges due under the Note•second,to amounts paysbie�nder paragragh 2:
<br /> thiad,to interesi due;fourth,to princtpal due;and last,to any Tate d�arges due ander the Hcste.
<br /> �.(.Ytargeso Id�s.Borrower shaU pay all ta�es.ass�«rrt����ges,f�es aad impositio��tribat�bte to the Fmgetty
<br /> which may atta'sa priority over this Security Iash'�eat,and lps�otd payrt�eais o�gmu�d rents,,if any.�or�o�arer.shalt Pal+ .- .
<br /> these obligations in the manner provided in paragraPh 2,or if aoi paid iu that maaaer,Borrower sball pay tliem oa time directly_
<br /> � •so.the petsoa ow+ad�ayment.Borrower sball PmmptlY fuinish;to L�ndet all aotIces of amounts so be paid under this'puagcapb.
<br /> If�orrmwer noalces these paym�W.directly.Bormwer si�all pmmPtl3+fa�sh to Lea�er reocapts evideacing the pa,}imems- • .
<br /> B�rrawer slall promptly discharge an}r lien which Gas pnQriry over this Seauity tn��,,,Prt unless Borrower.ia)a�ees�n
<br /> ' wridag to the gaymeat of tlte obltgation secured by the lien in a mannei acce�table to Leader,(6)contests in gaod faith the lEen
<br /> by, or defends�agaiast enfor�em¢m of the l�en in,tegal-prnceedings wtrir6�in the-I.emEer's opinion cpeiate.w pxeve�u the
<br /> , enforcement of ti�e Uen;or(c)secures from the l�fder of the lien an ag�eemettt sarisfactory to ixt�e�r satwrdinatu►g t�e lIen to
<br /> • this Seauity insttument.if Lender deternanes thae any part of the'Property is subject to a lien wluch map auain priority_over'
<br /> � ttds Security Insuunnent,Leader may give Bor�ower a notiee identtfying the lien.Bnrmwer ahall satisfy tfle licn or taice one or .
<br /> mare of the actiwis set€orth ahawe witiva lU days of the giving of notice. - _
<br /> � 5. Baaard or Rnper¢y I�saraaae. Bornuwer shatl k�xp the improvemeata now existing oz hereafter erected.on the
<br /> . property insure�against toss by fire, ha7ards ir�clacied within the-tenn "extended roverage'aad any other harai�ds,inc7uding . .
<br /> • tiaads o�t f�oading,for which Leader rt�uires insurance.'17ils insurance sh2!1(�¢mairrtain�!in the amounts at�far the gei'sads
<br /> that Leuder ret�ires.The insu�aaoe camer providing the insurance shall be eP1aF�n by Basmwer subject w I�er's apptoval .
<br /> � which shall aot be nm+easonably �t�sfadd.If•Borrower fails to rsr�ntain coirerage descct'bed tibave. i.ender maY,at�er's .' .
<br /> � option.obtain eoverage to protect E�r's rights in the Propert�i�aecordance with paragrapb 7. ��� ,.
<br /> All insurauce policirs and r�er:.��fs shall 6e acoeptable tr��b.x.°ader and shall inchtde a standar8�ortga�ge ciaase.:.�er .
<br /> shall have the right to hold the poucies aad renewals.If b�d�s`reiluires. Bor�v�r s�all pr°�s�1y�ve to Lender all reCeipts of
<br /> � paid p�miums and rea�a,�3 nodces.in the event at��s;Darrower shall give prompt aotioe to the msvranae carrier and I.ende�..
<br /> Lender riiay make pmo�;¢�ff�ass if not noaQe Pro�'�'6Y Bor�awer. • .
<br /> Unie�s I�endee and Bi�raower e�ise agreE in wnt�ag,insaranee procee�s st�all be applicd to resCOration or repair of the
<br /> propeety damaged,if the restor�tuc�cu c:pair is economically feasibie aad Lender's seturity is�ot lessened.If the resto:aflon or
<br /> �pair ig nat econumically fea�^'6Ie c��.ender's seauriry wouId 6e tesset�ed,the iasarance pmoeeQs shal!be applied to the sums
<br /> secured by tPus SecuritY?��n„me�±r� vrhether or not tk�n dtte. with a�ry excess paid to Borrowet. if Borrower aha�ndons the�
<br /> property.or dces not�wer vrithin 30 days a notiae from Lender ti�t ttie insurance carrier has offeretl ta se,ttle a claim,then � .
<br /> LEndes may oollect t���e;iSviance proceeds. Lender may�use tihe proaaeds torepau or restore the Pr�,perty.oz w PaY �ms
<br /> secured by this Secarity 3nstrumeat�,+�izdher or not then due.The 30-0ay period an'll begin when t3�c uoflce�s-g�ve�.
<br /> Unless I�ender aud Borrowex�t:�e�+ise agree in writinS• �Y �PP���on mf piuoeeds to principal shali not eR►�d or
<br /> postpone the due date of the monttilY Payments referred w in paiagrap�s 1 and 2 or change the�wunt of the pay4i�r,�.If
<br /> �mder�amgraph 21 tti���svperty is acquired by Lender,Barrower's n hg t to any insniance pohMes and praoeeds resultir,��rmm
<br /> damage to We pr r�or to the acquisition Ji�3I pass to L.eader to the extent of the soms secu�i by this Sea�rity Instcumealt
<br /> . �mmediately pnor t�o�ry u�{uisiuon. ' . :,, •
<br /> a.Oocup�ney,pccsereutioa,Mt�intenance and Pratedton o!the�t+nperty;Bore+nwr�s Iaan Ap�oa;Ltaseho�s. ,
<br /> Boa�aer shall occupy.�establish,amt�ase the Pmperty as Borrower's primipa!residence witvin sixty days after the execud4n of
<br /> � this Security.Yn'stnuuent aatl shafD c�tN�ue to occupy the Property as Borrawer's principal tesidence fdr at least one year after
<br /> the date of ocaipa,-scy. w�•:�Le:.fler u�ttrrc�ise agees in�yrisina, tvhich co�set�t r.hall nat be unneasonably withheld,or wiless
<br /> � . extemiatnng circumstances eaast whPc6.are.beYond Bonower's r�ntrol. Borcewer sheU not destroy..damage ar impair t�
<br /> pro�erty,alIow the Propeny to deteriorate, or oommit wast�on the Prope�ty. Borrower shall De in detaWt�f any forfeiture
<br /> � actia�•ar pnue2ding.whether civil or crimimi.is 6egun that in Lender's good faith jadg�meat could resWt in foifeituie of ihe.
<br /> Pro�crt�i�nr otherwise materially imyair tl�e lien created by ttus Security answment or Lender's security interest.Bar�sW�,�r m�y
<br /> . cure s�_c�n a default and reinstate,ag prnvided in paregtaph 18,'Ly.causing the aaion or proceeding to 6e dismissec9 wiNi`u��uuling
<br /> � ti�at, in Lender's gao.�faith detenninattan. pre:.ludes forFeiture of the Borrower's interest in the Prap�e+tty ar ailtidt�.�ti3atetia!
<br /> , - impainnent�of the l,�rt�created by this 5ecurity inatmment ar I.e�det's s�uity interest. Borrower shalP.aLSO Ts=ir�:defautt tf .
<br /> ,Borrpwer,dwing ths�:�n applicatton prooess,g;tv�materially false or inaxurate information or stateme�sis ai t�et ior failed . .::`•.;,;
<br /> � ' to pra�•id�Lendea with any,material infarmation)in connection with the loan evideaced by the Note,inc3ading,ts�t"n�t�lia�ited '° - ,
<br /> te.repimr:ehtations oancemmg Borrower's accupancy of tIie Piroperty as a principal residence.If ihis Security Instiumr�C i�on a •
<br /> leasehold. 8orrower a�all cnmply with all the pmvisions of the tease. If Borrower acqoires fee tide to the Fmp�fty.tt�e
<br /> teasehold und the fee ti�iz shall aot merge unless txnder agees to We merger in wridng. � �.
<br /> ?.pratcc6lon cE"Lender's AighL9 in tha C�+roparty.If Borrower fails to perform the covenanis eud ag,mements cantained•iu -
<br /> this Security lnstrument.or there is a legal proc�eding that may signffccantly affect Leader's rights in the Property(such as a .
<br /> piuce�ling in bankrupicy.pmbate.for condemnadon or forfeitute or to enforce Iaws or e�zgtelations).then Leoder may do and
<br /> � pay for whatever is necess�ry to protect the valuc of the Praperry smd Lender's rights in t�e Proyerty.Lender's aciions magr
<br /> incItcde paying any sums &ecured by n lien whfch has prionry.over this Securiry Instcumenc. appeanng in cowt. paying
<br /> reasonabte�►ttotseys'fees and entering on the Property to make repairs. Although Lender may take ledun under this paragcap8
<br /> 7.Leader daes not have to do so. �
<br /> Any amouats disbursed by Lender under th9s par�graph 7 sbal! beoome addidonal debt oF Bormwer secured Dy this�
<br />- Sr.carity Instrument.Unless Borro�ver and I.ender agce to ather teims of payment,these amounts shall bear intetest from the
<br /> date of disbu�t at the Nute rate and sba11 6e payable, witb interest.upon not�re ftom Lender to Borros�er�eqaesting-
<br /> payment.
<br /> S.Martgage i�nraace.If i.ender required mortg�,e insniunce as a condition of m�akit�the loan secured by this Security
<br />�= instnyment. 13o1rower sdall p�y We pre�ums reqsired to maintain the mortgage insur�nce�e effect. if. for any c�easaa.the
<br />= mortga;e insur..nce rnvcrage required by LendeP tapses or ceases to be in effecl.Borro�ver shall Qay the pcemiums required to
<br /> = � obtain covera�e su6smntialty equivadent tv tl�mongage insurance pnviously in etfe+et.at a cost substantially ec�uivaleni ta the
<br />= an5t tn HnaoKer nf t�tte atortga�e insutance previously in effect. from an aitemase mor���e insures approved by Lxnder.Yf
<br /> v�p�ota ' FCrm3�28 9f`3fl .
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