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<br /> 'E�he Fu� sh311 �e heid in nn instlmtton whose d�osits are insured by a federa! ��cy. instsumcntsdity. or entity �-,
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<br /> �t, .: (���{���d��iF I�n�s is such ah institutioni ar in ar�y Fedcaa1 HcL�ne I.Qan Bank.Lcnder sh�ll upply the Fund9 to pay the �;�.�._�•_
<br /> Eszrow Items.l.snder m�y aot ci�arge�rrawer far hul�I�,and cpA�Y��8��Funds.annuatly ar�alyYi�g tne escrow accauat,ar ----°�--=
<br /> _ YCrIPyIRR�IH.°ESCfO4f�ICffig,untess l.�nder pays�rrotver interest on th��unds nnd up�licabte luw p¢rssiits l.cndcr to malce suci� �;°_
<br /> u charge. i�owevcr.l.cr.dsr may require�rrower to pay n one-time cnarge far cdn in�epetidcnt rcal cslntc tir repo�i�g seralc� s,°=
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<br /> • u�d by 1.crder im m��lction wit� this lav�, unless ap�tic�blc Inw providss othrrv+ise. Unloss un a�retm2r►t is made or �.�s;r,,;
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<br /> ,. �•�. uppticgbl¢I�w tr�ulces intrr�st ta be paid. Lend�er shall nat bc rrquircd to pa� BorroKCr any interest or camings on the Funds. f{t�;t-�
<br /> Bflttuwer un�d Lcnder r►�y a3ree in wrlting.howevcr.ti�at interest sh�l1 be pa��on the Funds. Lcnder shatl give to Barrow��. �S,��G:..-
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<br /> tivithoue cAar�e. an nnr►ua!�co�ntin8 of ti��urtds,showing credits c�d debits to the Fands and che purpos�fi�r which eusf� �;��,•-�,
<br /> . drbit to tPs�Fu�u!s was mad�..'i�te Funds ere plcdged as pddidon�sl sectarity for ssll sums secureci by this Secunry Inse�vsncnl. ,����:":
<br /> � •' lf the Fun�ds hetd by Lender exceed tfie amnunLs pe3mitted to be h:id by applirable law.Lender si�a11 uccaunt tu Ear,ra�vor '.
<br />�;, for the excess Fur:ds iu ascofdauce wi�'�tt�e r.�qwr�nts of ap�slirab!°.la�v. di the amount of tt�Fussis held by I.enda.at an�r •�:',+.'f_,
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<br /> tim:is n41 suff aent to p3y the�scrow Items when dme.Lender may so nori�j Borroaver in wriang,and,in such case Surra�v�r ,.�r�t--
<br />,. sha!!psy to Let�der the aznouni necessury to make up tba deSciertty. Borrotver sS�ull make up th2 deficiency in ao more ttmn �:��;;rt
<br /> tweive mAnthly paya�c►ts,at I.eader s soIe discretion. ���'?�.
<br /> UP�P�Y�t in ful! of all sums secured by th'ss Securiry Iashvment. L�ndi:r shall promptly refund rn F.oresower a�1y .s�t;�t.,
<br /> Funds tt:l4 by[,e��r.If,under paragraph 21.Lender shal!acquire ar sell the[3topert�j.Lender.ptior to the ncquisitian or ssile ��;,-,..:
<br /> �,� of t6.�Property.s�rall apPIy any Fuads held by l�endcr at the tiiae of aa�isition ar sale as a credit againsa the sums sec�re�i by •'e4:-
<br /> � t�is 3ecsuity Imstrumen+t. ��`:;
<br /> 3.Apptte�ttan of Payatents.Unless applica6le!aw psovid�othernise,all p�yments r�ceived by I.eader unde�r puragraphs � -----
<br /> E aQd 2 shall bo appfied:ficst.w any prepnyment ctiarg�due ur.der the Note:seco�fd.w amounts payaFile und�rr par.�graph 2; �-
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<br /> eturd,to int�est due:fourti�.to principal due;and last,to�ny tate chaages due under the Note. ��_
<br /> . 4.Ch3iges;I.tens.Bamower shall�oay all taxes,assessrnents.cl�arges, fines nnd imposidons auribuw6l�to tha Fro[��rty ---
<br /> '- vri�ich may attain prioriry over this SecuriEy Inscn�ment.aud leasehotd paymems ar ground rents. if am�. Sarmtver shaU,puy �;'w'.y_
<br /> � t@:ese obligations in the manr,er�:roeided in paragraph Z,or.if aot pai�in that manner,Borrower stiatl pay them on.time dim•utty
<br /> � • to dte person owed payc^..�at.Harrower�!!promiptiy firt�tfsh to Lender aU nntices af amounts to be paid und�sr diic paragasph. y•�.°
<br /> ,��:'�.s;� I��amfwer makes these�ayments directty,Borrower shnU promptly fumish to Lend�r roaeipts evidencing tha pAyments. r'.�,.�,,,�•
<br /> Bosawer 1*all promptly discharge atry Uen which I�as prioritry uver tbis SQaui�j IueYtvment unless Borro�vcr:(�D a�ees in �`,
<br /> = � wriiyng to t�e pay�t of the obligation a�tued by the lien in a mannar acoeptabtt to Lender,(h):cantests in good faith.the itan
<br /> ",:<,:��' by. or defer.sts a�ai�sst e.nforcement of fhe lien in, tegal proceedings wbich in chc L.entttrr'e atrinion opeiate to prQVant.ib0 �_ .
<br />�,.:;;�' enforoement of tae liea:or(c)secures from the holder of¢he lien an agceement sati�fucwrf tn•Lender subordInaring flhe lie'n•4a �:.
<br /> ;�': , this Securtty Insm�en�L�r Lender determines that any pr�rt o f t he P r ope.�ty is s u bjs c t t�•a[Ian w h fc h m a y a t t a i n•p�ori ty over �
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<br /> tt�is Security Instn�nt,I�rtes may give Barrower a notice ideutifyin�the li�..E�rr�wer shalE satisfy the litm.or tcake one or �
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<br /> ',:.;..:;;; m�re of the�actiom set fort�aboYe vrithin!0 days of the giving of aotice. ���-
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<br /> �`•;�,�r� S. I�I922rd or Prope�q IIasar�nce. Baaower shall keep t6a impmL�ements noa existing or hereafter erected an tt��
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<br />: ,,.:�13 II'roperty inser�d againsc lass'by 6re.ha7ards inciuded cvitdin the tenm.`ex!euded coverage"and any other hazards, includ.��
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<br /> ,.,:::1�/ 'P,�sods ar ftooding,for whi�ch>1.ender requires insu�aace.This insvrucce shall:as u�intained'm the amoun�and for the peri�. _
<br /> " �..� i�I.ender requires.'31te i�&�n�carrier prnviding ttie insurance s?nail be c'wc�rs:by Borrower subjec4 to.Lerder's approvat �.� �
<br />:',tc�1�%�� �xl�rh shali not be uarea.s.,^t�t�}withPiefd. If BormcvFC fails to maintain covers�desscnribed�above, Lender imr��,at I�ad�r's ,��
<br /> ;�:::�. cr�tIon.obtaia�cove,�age to}'���cx Lender's righu in t�e Fcoperty in accosdanc.e �w�th p�agraph•7. : � . '.`•�:
<br />'';'%���� p1!insv.:�ce polic�es.and rei�ewais sbnll be acceptable to Lender and shaU include a staudard martgage�laus�. Lend:c ,
<br /> �;� � shall have the rig,tit to hold the policies a:�tfl'�newals.If Lender mqai�Js,Borrawer sI�all prom�il��give to Lender all receipts af
<br /> �° ' paid premiums ard reaews!ratices.In the event of loss,Barrowor sf�,t,t�:��:��o�pt nasice to the insuiance carrier aad L�ad�r. ��
<br /> Lend�r may make prooFof+.n•sa.�f not made pmmptly by Borrower. � ��-
<br /> Untess l,e�dsr an�!��iu+rrer otherwise agree m vmting,insmaaoe g��s�l1 be agplied to restoratian oz re,pai�of tfle •��.--
<br /> PropGtty d3tna�ed,if thC r:��ration or repair is economically feasible az�Ccs+4`�'s securitY ls not lessened•If the rrstoration or,.,,,,:;_,,: _
<br /> rep�is•noi ea��:AmscalIy feasi"ble or IRnder's security wo��ld be les���.the insurance pr+ooeeds s'haA be applied`to ttie"sums'.: ..:
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<br /> secured by t�i3-�ry Ir.strutneat, whether or not then due.witt� c�p exczss paid to Borrower. If Borrower abandmns the __._
<br /> � Progerty,or c����a�.�,���+ithin 30 days a notice from Lender that thE insarance carrier has offered to se.ttle a claim,than -r;,.,
<br /> 5..�::,der may cd1Ye�,`;�t;i-�..�►rass�e ptoceeds. Lender m�y use the proceeds to �s or restore the Praperty:or to pay su�u � � 3'�.
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<br /> . � r,�:��d by this S�2cur�i��rr�.s��irstr at,whethet or not thu�dsir.The 34day period�bsgin when the nodce ia gtven. � {:,u�_.
<br /> . �..,... .:. .•,Elntess Lender�'at4•F�,�•�er o�hezwise agree ia :zriang, any applicateon•��r'pmceeds to princigal shai� not e�ster,d or . �:.
<br /> , � 4 ,�ipti'szpoae t,��.e.�i.{�date of.�ie�:antt�,ly ku�r�,nts referred to in paragraphs 1 and 2 or change t��aant of tl�e payments. If �"
<br /> .����'�� ander�ara��;is��l the i'�a!�Y is accr�uz�x�'6y I.ender,Barrower's u�ht to any insuiance paficfes sa��pr�oceeds resnitisrg from � .
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<br />. dam�e t�Qre��aperry Fr,a�r'ita t he acqtii:�rion s h a ll pass to l.en des,t r t#��e x t e n t o f t h e s u m s s e c,�a:�i:t f y t i n is S v c a r e ry Insi�meat `
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<br /> immediately pnor to the�si6on. `'� . :,�;. �R�.
<br /> . ' 6.�ccnpauey,L�reser�stloa,Maintennnce rand�+ot�toa o�@Zse I'ro�erty4 Borrowes's I�oan Appll�tion,I.easelalds. �� . r�_r�-
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<br /> Borrower s6a11 oocupy,establish,and use the Property as Borrower's.�:rincipal residence witt�in sixty days after the execurion of i,'< £��.°
<br /> �* f; 5.�.
<br /> . this Security Ir�svument and shall Condnue to occupy the PropeetX:�s���+orrower's princlpal msid�e for at least one ycar aft�r �. n•ti,
<br /> . ,-- t6e�tate of occu�ancy.unless Lcadcr others�ise s�sees in��titecM.,�,l��D coASent shall nnt be nm�asonably withhetd.or uct[�.s ' :;.�;:::
<br /> ����� ettenuutjn� circumstanccs•�e�ist which az�e heyond Bomower's a�utxnl. Borrower shaU not destray, damnge or impair Ai;cc ;. ��,.
<br /> uut'
<br /> ',:.`:-r "i�r.z�pefty,allow the Fre�Fx�to deteriorate.or co�ia�vaste on��z PYoperty. P.,�rrower shall be in defiutt if any forfeitu�e • : •�, ��r�
<br /> srcxion or proce�eding,witci�r�civil or crlminal.is be8ua that in Lender's good�risi�judgnent coald tesult ufl ff�rfeiture of the '.� �°�#r.:::
<br /> ;i;,�`'.••: �e'taperiy or othetwise mater�.;;y impais tfie lien cmat�L'�•this Securirj Inswm�¢or l,ender's secutaty iat�.Botrower tt�ay ' .•��'.:.;:
<br /> ;:;;;;:t�'�f, cure such a default and reiiutate,as provfded in para��18.by ccv�sing the aaron or proceeding�a be di,smissed wit2e a ruling ���;,_
<br /> '�'�"�' that. in l.ertder's good faith determir�i!.�, precludea L�;rfeita�af the Bormwer'S interest t�d:�e PsupertY or athcr material �r,
<br /> impai�nt of the lien crr�;���by this Security Instrarrt:�t or Leader's securiry interesi. Borroaer shall also be in defauit if �:
<br /> Sorrowtr,durin�the laan;;�la��tion ptooess.gave saaf�cialiy false or inaccuiate infor�non or statementa to L�tder(or faited `.�yA
<br /> to pmvide Lender witSn any mnn:rial informntion)in conncaion wit1�the la.�u►evid�by tLe Note.ineluding.but not L'mitccl �:•_:
<br /> to,reQc�sentntiens concerrn�IIorrawer's occupsu►cy of the Frope�t77 as a principal residence.lf this Secarity Inst�vment is on a �!��`�_
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<br /> ` IeasehoW. Bortower.shttll.comAlg.wirh all thc provisions oF the lc.ayc. If Borrowcr lcquires fce adc co [Ce Pr�openy, tho �-�•-
<br /> leasehold and tL•o feg tide shall not merge untess I.ender agrees to th:merger in wriring. -
<br /> 7,pfrotec�an uQ Lendcr's Rig6ts in the F'raperty.If Borrower fails to perform the covenants and a�eementa contuined in
<br /> • tF�.is Secudty InsWment.or there is a legal proceeding that may significaatiy affi�et Lender's rights in the Property(such as a
<br /> . �' procceding in 6ankntptcy,pmb�te.for condemnation or forfeiture or to enforce(aws or regulations).then d.ender may do aiW
<br /> �i�y for whatever is neccssary to protect the value of tRe Property and Lendee's rights in the Prope¢ry. l.tnder's s►ctions may
<br /> enctude p3Ylag any sums setvnzd by a Ilen which has priority over this Security Instrument. appearing in oourt. paying
<br /> : reason.:bie attomeyg'fees and enterins on the Property ta make repairs.Although Lender may t�Ice action under tRis Qam�aph e_,
<br /> 7.I.erWer does not 6�avc tm do so.
<br /> .� Any amountn diab�used by Lender under Utis paragraph 7 shall beoome addi6onal debt of Borrower secvred by this _
<br /> . Security InsVument. UnJ.er•.�Borravrer and Lender agres to other terms oF pa}rment.these amounts shall bear interest from the
<br />�� , data of disbursement a&tiie Note rate and shall b$ payable. with intenest. upon notIa fmm Ixndor to Boaower reqaesflng : _
<br /> p�,ymeat.
<br /> � 8.Mortg�ge Iasurance.If Lender requlied mortgage insurattoe as rs coaditiun of making the loan secuied by this Ses,uriry
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<br /> Insutimeat, Borrower sta,all pay the p�miums nequired eo maintain the mortgage insurance m effext. If. for siny reason. the �.,..
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<br /> mortgage insuaance covc�;t;e required lry Lender l�pses or ceases to be ln cffect.Borrower shall pay tho premiums r�equired to
<br /> , obtain oaverage subs�ntially equivalent to the Yaongage insvrance pzeviously in effect.at a cast substsuttially equivalent to the �`
<br /> _ _._ cost to�orrower of the murtgage inLUrance pteviausiy m effeci, from an altemate mart�age ins+�rer approved by Lender. if �.�-
<br /> v��2 m a Farm 3D28 9l90 _
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