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<br /> --__ ' `~ �,..,`f, . ; ` 't'i�e Funds shall be he2tl i�nn institution whose deposits a�s�iosuccd by u feders� agency..instrumr8tality. or entiry • , `.;
<br /> „_ „ (incJud'sng L�ender.if Lender is sucb an instituti+on?ar in nny F�detttl Elnme Lean$anic.Lender Fhall appiy the Funda co��the .� Y ,
<br /> _ ' •� ' �� ' �ssrew ttems.E.eader m�y not,char�e Bor�a�+reY far holdin�and agAtying the Fund9.annually anafyeing tiee c�crmv Qrcqunt.��r ,
<br /> `�`' �� ` �' '� verifying the Escrow Itemv�nntess l.ender�says Born►wer interest an the�unds tmd applicabte la�v perm�ts l.ettsirc tu mrfce r�sch `` `�
<br /> ' a e.Ma�vevcr.Lertder m� [equire Barnuwer to pay o aae•timc chargc far'an inde�endcnt real cstatc ta.t repnnin�scrvica
<br /> `' ` u:st�by L�ndss_.in connection�cirith this loan. uniess applirublc la�v prov�des atherwtsc. Urticss.an agtcemsnt is m�c or" • ;
<br /> .' •� .;`�"�' .° . apglicaDte faw requires iaserest tv be paid. Le�ider s6a11 not be require8 ta pay Borrowcr any interest or earnin�s on cfie Funds. � �:
<br /> � • Bono+�er and l�des mny agree in writin�.however.that Ic�ter�est shall bc pa'sd on the Funds.Lender shali,gi�a w Boreo}ver. �:.
<br /> -- ••'�°,� -• .,.,� withaut.churge. an annual acwunting of the Funds.showing credit�und debits to t he Fu E U ds an d t hs pwpose for w hie h e a c h � �
<br /> -- ��� � debit to the Funds was made.The Fuads hre pl�ged iss additional securiry for n11 sums secured by this Secvrety Insuurr.ent. ` '
<br /> � -:E�;' `-_ If the Funds ii�id iry Lender exce�f tB�e amnuats pem�itte�to 6e hel�isy ap�liu�lc iatiu.Len�r shall accouat tn Bonower '.. ' .„
<br /> Y;�.� � • ' for the excecs Funds in accordan�with the requirements of applicable taw. [P the amount of the Funds held by Leader ai any
<br /> � . �-_.�' time is aot suffuient m pay tlie Escrow.items when due,Len der may so r►oti f y 8orrower in wri ting,a n d,i n s u c h c 3 s e B o r r o w e r �
<br /> � '.: �:>:,,,�� ' shall pay to Leruter the ansount neccssary ta make up the deficiency. Borrower shall make up the defic�ency in no more than .
<br /> - •� �-. •*. ' tvrelve mo�hlY PaYatents.at Lender's so2e disstet€on.
<br /> <, �� Upon pa}rment in full of a1F sums secured by this Security+�"�*^�ms"•t, Lender snal! promptly refiutd [o�orroweF any
<br /> -���: `' Funds Qeid by[.Ender.If,under t►21.Lender shall acQuire or sell the Property.l.ender.pnor to the aoquisition or.sale �.�'._
<br />- ., . . � ,
<br /> - ... �,�':•t .� of the Prop�ty,shaU agply aay�eld by Leuder at the dme of ar.quisition ar saIe as a credit against the sums secured try •..
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<br /> :y- `'-.` ',, �3.ApplItatton Qf P�ymemts.Llnless applicable law pmvides otherwise.all paymettts teceived by Lender uader patagraphs ,'
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<br /> �"- ' . 'F; - 1 aad 2 shall be applied:fust.to anY P�PaYarent charges due undes the No�:second.ta amoutus payable under�ara8raP6 2; �`-
<br /> • •�� third,co inxerest dne;fnurth,to prigei'pal due:aad last,to aay late cberge�due under the Note. ' .'
<br />_ -``[•` r�`•: 4.C�ges;L3cffi.Borrower shali pay all taxes,asse�nenis,c5arges,fines aad iaogositions attributabte w the Property :'�
<br /> �. ; 4 ..
<br /> � ' . .•r:, which may attain priority over this Security I n stnimeat.::ui d�a s e ho l d paymen t s or gro u n d r e r rt s. i f a n y. B o m o w e r s G a i l!p a y �;;'
<br /> `,�;. ? "' these abligations in the manaer provided in p�ragragia�:;'i�i;�¢at paid'uithat manner,Borrower sha51 pi►y them on time di�ectly ,3;,
<br /> - •�,�'>;, to the on owed a ent.Bormwer shall m W Lender all notices of amounts w be paid under this paragraph. .,."'�
<br /> ` � ... ��:� :�..
<br /> P �.,���'�,
<br /> . -'•.. � '' ,%':' r�a�wer W� • sro ' ' Lender rece ts evidencmg the ayme�s: '
<br /> .. :�-:'•:_:.y._.,r,�.° •;= . If Bo makes payments d�r e c t iy,Bo wer s h a ll p�t t�r f�a n u s b to i p P
<br />- ° .. � . ;;;:,.i?`'�� Borrmwec-shall� m dischar e an 1'aen wluch.has ri . flver thi�Seaeurib±tnsprume_�_unless_Bortawer:(a�a in _ _
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<br /> `�, �E". w r i t m g w t 6 e g a y m e n t o f t h e o b l i g az i o p s e�r�b y th e lien in a a�nner a c c��ble to Lender; )oontests in good fai[ti�the lien�
<br /> ;..,. ;�. z�f��, �,:,:.. '
<br />_�r �:;.:. by, or defends aga�nst eaforoemeat of the lien in, Iegal pmceedings afiicb in the Ixuder's opinion operate to prevent t he «_.��
<br /> �.'�••::� " ��� `�``•�` e n f o n;e m e n t o f ch e lien;.i a r(c)secures from the holder of the}ien an a g reement satisfactory to LenAcr subordinating the lien to
<br />� � ' " t6is Security Iastrumen�.Yf Leader d�nes that atry part of the Property is subject to a Gea w h i c h may attain pnority over f
<br /> `, • :�:
<br />" ----;,,,--., _ this Security.Instrumeat,l,ender ma�r�tve Borrower a notice idenrifying the lien.Borrawer shail satisfy the lien os take one ar ,
<br /> ' r �, more of the actions set fortYr above w34hiu'10 days of the giving of notice. �
<br /> ', :`��� 5, HaxarB or Progeety Insot�ince. Borrower shall keep the improvements naw existing oT hereafter emcted afa the � _
<br /> -` ":� , ,",�tr =
<br /> �"� • Pioperty insur�again�ss Ioss by fire.hazards iaclnded withia the[emi extended wverage"and any oth�r hazards, Ine�g . ___
<br />- �" , •floods or�toading,fox w�icb i.eader lequires I 'nste�a:er This insut�aace shalt @se m�intained in the amou�t�;.�:,,d for t�e�ods ;� ___
<br /> ,:��:: `��that Leader reqnires.lTMe insnrarece carrier pravi�d§e insarai�ce s5all 6e�asen 6y Borrower si�c-�t����¢.ender's ag�sror�al ' ':,,::,'�.y-= -
<br /> ', �U dil ' --
<br /> . which shall not be uareasonably with.held. Jf Bonower fails co r�*� ain �pverage described 2t�ot-�,F,��m3y.3t t�3�r's., -_
<br /> -"„ •,.�•:_c�,,.1, �.!..", �}`. option,obtain coverage to proteet Lendor's righu in the Property.i�r accordance arith paragrap2s 7. . �_• --
<br /> � p�i inc�r�nsp policies and renewals shall be accsQtable to Lender and shall inciude a standard mu�gage cla�ase.Y:eader �'='"
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<br /> ----,• --�..: • s1rdU have ttie right to ho2d the policies aud cenewals.If Lender requires, orrower shalt ro d give to Lender all rece' ts of _
<br /> _..Y; ',,:� paid premiums and renewal notices+In the event of toss.Borrower shaU give p�mpt natice to the�nsurance cazrier and Lendtir•
<br /> ,�.;. �..` �� I,ender may make proof of loss if not made prompdy by BoROwer.
<br /> � �' Utiless I,ender�nd Bormwer othenvise agree in wnqng,insurance proceeds shall be applied ta rescoration oa repair of the
<br /> i`�'•'!:���' pmperay damage�.if the restoration or repair is eoonoaucally feasible attd Lender's security is not tessened.If the resWratioA or, ___
<br />` - � .^�'f'''"'?�� r�pair is not eoonomica3ly feasible or Lercder's senuiry wauld be lessenod.the insuiaace proceeds sha,116e applIed to th�sums
<br /> '"` '" � . secvred b th;s Secari Instrumeat.whether or not then due. with any excess paid to Borrower. If Borrower abandom the
<br /> ��:�'._-:::`';�.'"� Y �Y
<br />:�� `��� ' propert3r,or does rtot answer within 3A days a notice from Lender that the insurance carrier has offered to settle a claim,then
<br /> _;��=_�,' � Lsnder may colteci the insnrance prooeeds. Lender may use tAe praceeds to regair or reston�the Property or to pay sts�s
<br /> secured by this Security Instrument.wheiher or not then due.The 30-day period will begin when the notice�S given.
<br /> Untess I,,ender and Borrower othenvise agr�e ia wridng, arry applicaaoa of proc�eeds to principal shall not extenA-ot
<br /> --- - --- postpone the due datQ of the monthly payments referred to in parag�hs 1 and 2�or change the amount of the payments. Tf
<br /> -- - under parag;rayf�21 the Property is acquQed by Lender.Borror.et's ri ng t to atty iasurance policies an�proceeds t�esulttng from
<br /> - ,.„ damage to the Property prio.r to the aoquisi6on shall pass w Latd.pr to the eatent of the sums secarred by tWs Securiry Ins�rument .
<br />_ — immediateiy prior w the acqniradan. -•r: ' '
<br />�"`'��'�:,`� 6.Oaatpancy.PreservAtion,Mainteasnce aad F�,�*:ziut�riY the Peauperty4 Barmtiver's Loan Appltcaiton;l.easetiolds.
<br /> f 9! .
<br /> + ,� ;, Borrower shall oa�upy.esmblish,and use the Property as�iu�rawer'$Principal residence within sixty days after the eaecution of
<br /> � . •�� tttis 5ecurity Insuumeat and shall condnue to occupy the Pcogc�ty as Borrower's priacipal residence for ac Ieast one year after
<br />-:'�- tbe date of occupancy.unless Lender othenvise agrees in writing,which consent shalf nai be unreasonably withhetd,or unless �•
<br />'_ .��,�, extenuating circumstances eaist which are beyond Borrower's control. Eorrower shaU nat desuoy. damage or imgait the
<br /> : «�-._�r. �: •prop¢ny.altow the YrapeKy to deteriorate. or commit waste on the Property. Borrower shall b�in default if s{ny forfeiture —
<br /> y, s�k;`=: -----
<br /> , �LL.., action or pmceeding,wfiether civi!or criavnal,is begun that in Lendet's gooA faith judgment aoald resuIt in forfeiture of the
<br />__ �• ' ;. • Prapertyor othem+ise materialiy impair We tien rreated by this Sec,urit�r lnstrumetit or Lender's security interesc.Bosower may �
<br />' �'��" ' cure such a default and�reinstate.as pmvided in paragraph 18,by ransmg the action or proc�diag to be dismissed with a niling �-:--=
<br /> ��•: �ri _.
<br /> z„�,;':�:,:., that. in Lec�der's g�ood faith d�ermiaatiaa. Precludes fadeiture of the Sorrowor's interest in the Pmpezty ar other material �_-:_--.
<br /> - '�.`��,x.,ta --
<br /> �,.,�,..;�*�y impairmera of the lien created by thls Security Instrument or Lender's secvriry interest. Horrower shatR:tso be in defaWt if _
<br /> r;;:;.�.;:=�.-�t�, Borrower.during the loan app{icarion pmeess,gave materially false or inaocur�te information or statemer�to Lender(or failed __
<br /> �� . .��•'�'. to provide Lender with airy material information)in connection with the taan evidenced by the Note,ineluding.but not�imited __
<br /> -�• � '�•� ,-., to,represenuuions conceming Borrower's oxupancy of the Property as a principai residence.If this Securiry Instnunent is on a �°,,`:
<br /> • ' leasehold. Borrower st�all wmply with all the provisions of the lease. If Borrvwer acquires fee tide to the Praperty, the �=..
<br />" . . .' �,;;� leaseho2d and the fee title shall nat mer�e unless Lender agrees to the merger in writing. . �'1
<br /> � '' � � 7.Po�oleeitoa oi Lend�r's Rtghts in the Froperiy.If Bormwer fails to perform the covenants and agceements contained in �_�
<br />���-.° ..
<br /> - . � `- this Security Inswment,or there is a legal praceeding that may significantJy affect Leader's rights in the Proyerty (such as a
<br />- : . � ::;�K t, proceedl�tg in bankrupicy,probate.for condemnation or forfeiture or to e n force laws or re g u latians),t h en L e a det may do an d _ _
<br /> for witatever is neces to rotect the value o�the Pro erty and Lender's ri u in the Pro er Lender's actions tna
<br /> - ,�-:�r1.•�;.�' .QaY �Y P D, Sh P �Y• , Y
<br /> � :,')-;:',:: '.. mcludepa�n�g any sums secured 6y a.lien whicb has prionty over this Securiry Instrument. appeanng in court, paying _
<br /> ` - '' ..;..�;;�.:;•. � reasonable attomeys'fces and entering on the P'roperty to make repaits.Although Lender may taice actioa under this paragraph . •.�
<br /> - • • �' 7,Lender does not have to do so.
<br /> ` - =�.`'�'• �• �� amr amounis disbursed by LBnd�a unde�ti7is parag�aph 7 shall becca:e addidonsil debt of Bonmwer secured by this . •
<br /> - ,"` � '��:�,"` '�' Security Insuument.Unless Eorrower and Lender�to other terms of payment.these umounts sltall bear interest from tke.
<br /> `�..; • '�.?F;:;,1�: ,.;;, 'date of disbursement at the Note rate and shall be payabte, wii3�interest, upan nonce from Lender to Borrower requesung .
<br /> „ . .:. - � . P�yr�e,ra. .
<br /> '� '° � .,, � �'•, �3.i�ortp�ge Ir�auce.If Lender required cMOrtgage insurance as a oonditlon of making the Ioan secured by this Security
<br /> • ; Instniment, Borrower shall pay the prer�unms required to maintaln the mortgage insurance m effect. if. for an}r reason, the
<br /> � � . mottgage insuiaace cavetage required by l.eader lapses or ceases to be in effPCt.Boirower shall pay the premiums cequired to •
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