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<br /> Tik Fu►xl. �lull t+r tuld in un inuiwtiun KFk�bl` dc{wcit.r arc in.urtJ hy u t��J�ral agcrx•}, Imtruukntali!}. ��r cntity
<br /> (i�kluJin�;l.��xlar. if l.cixtir i..urh un in�titutionl ur in any i��tiJcral Nunx Lc�n tianl.. I.:�kicr.l�afi u{+4�I� thr Fw�l.t�,�+:�y thc
<br /> Evrrow I�emc. I�cir.l�r ma� cwx c•lurgc Ft��rrowcr f�n•h��lding a�x�;►�,1}ink�Ix•Fu�kl., annuall}•unai�rink tt+<<�.cr��w�•.•�wiu, ur
<br /> ��cri{'y�ing thc Ckrow Itent�,unlc•s t�t�er pa}�Ik��awer interctit on thc I�u�xi�a�ui upplirahte law�cnuit�l�txlcr t�;nuk<<urh
<br /> �ri�;ube. Huv►�ti•rr. Lrixlcr uu} requirc&�rruurr tu 4vy u uix-tink clwr�;� li�r:ui iixlc{rixlcn�rral atatc la� n•rx�rtiu�;xr�ir�
<br /> u.�a n>• �,�T �» ru�ukc�iun with thir I��an, unlc�s appli�ahlc law pnwi�k. ath��•wi.c. Unte�. w� a�r�ti�ikiu i� n�+k ur _
<br /> applic:�tile law• r�yuir.intenu n�Ik prid. l.etxie��hall ixu t+r r��yuir��l tu pa�•[i��rruwer uii}� intrrc.t nr earmng.un thr I�uixl..
<br /> &,�n�Wer:ukf L��xkr n�;►y ugr.� in wridng, huuc�•cr. tlwt intc�c+1�h;tl! br paid un thr rwxl�, l.��i.l.r.tull pi�c�u t3�►rruwer.
<br /> withcwt ch:r�,r. :1�1 allllUl: :ati�w�uln� of tAr Fwuls. �I1(1L�'III� �h`i�ll�;11i:I l�.hit. tu th: f'u�uls;uwl fIk F1tii�Mt�.l' !'ur u:z:ch rxh
<br /> dc6it to the Fuixis aas nuulc.Tii.Fun:is arc pleJged:u addiUan:al srrurity ti�r;ill aum..ctiu��l h�•this S��urity hutnu�icnt.
<br /> If the Tu�xl.r held hy I.eixlrrez:e��t the a�ixwni�pennittcci t��tk held hy uppliwttle law.l.��xlcr,l�ll ��uw�t tu C;.urow�r
<br /> for the cticcs. Fwxl� in;k:�,rdanr�with thctryuire�iunt,ui'applirahlc laa�. 1P ifk;uiu,unt uf ihr Fuixl� IxIJ hy lAndcr ai:►ny -
<br /> titne is not sufficient to pay the E.�craw•Itent�when due. Lendtr nt�� so nntify Borro��er in H•ritine. and, in su�h cak 3.�rro�er _
<br /> stwU {+�y tc�l.cixier thc anxwnt nccca.+ary ta nuke up the defiriency. Ba��uuer�twll nul:e up ttu: dcfirie�k�• i���u�nu►rc th:ui
<br /> twel��e nu�nthl��pa��ments, at Lencier's u�le discretie�n.
<br /> Upan paymcnt in full aP ull sums sccurcd b}• this Secu�ity In�tniment, Lcndcr shall praiiptly ret'utul to HorruWCr any
<br /> Funds held hy Le�uier. If, under paragraph 21, l.etxier�hall acquire ur.�:ll the Prupert}•.Leiuier, prior to the:uqui�itiun i�r wle _
<br /> of tl�c Pinpeny.•hall apply an�• Funds held by Lerxier at the tia�e of�u;yui:.ition ur salc a�u cnalit :�ain�t thc aums s;t;c:urttd b}�
<br />- dTis Sccurit�•ln�nYnncnt.
<br /> 3.ApplicatEvtt o6 P.cyrueats.Unlcsti:ylpl icable law pivvideti unc�rw•isc, all paymcnt�re�ciecYl b�•Lcnder under par.igraphti
<br /> { �tid 2 shall be a�lied: first, t��ny PrepaYtnent ct�rges due uruler 8ze fYote: second, to amowtits payabte undet p;�raIIrapl� 2;
<br /> durd,to interest due:fourth,t4{1nt1C1�I dllC;and last.[o any lace charges du�under c(te Note.
<br /> 4t,Charges; Llenc. Borroa�rer shall pay all taxes,acses,unents, charges, fines�vJ impositions attribut�ble to the Properry
<br /> whA'a may attain priority over this Security Lnstrument. And leacehold payments or ground renu, if any. Borrower chall pay
<br /> these obligations in the m:inncr provided iR�ara�craph 2,or if not paid in tt�t m;�nner, Borrower shall pay them an time dircctly
<br />- to the person owed payment.Bortvwer shaii �r.omptly furnish to Lender all notices of arnounts to be paid under this par.tgrrph.
<br /> If Borrower makes these payments direcUy,&ar,iower shall pmmptly fumish ta l.ender r.cceipts evidencing the pa��ments.
<br /> Barrower shall promptly discharge uny ticn which has priority over this Security A:�_��cument unless Borrow•er:(al agrocs in
<br /> writing to the payment of the obligation secatc�by the lien in a manner acceptable to 4.a��r.i��;{b)contests in good faith tlie lien
<br /> by, or defends against enforcement af the G,Y.,.a in, legal proceedings which in the Qi.��k�r's apinioo operate to prev.nt the
<br />_ enforcement of the lien;or(c);ecures from.h�holder of the lien an •rgreck�ent saticf;x;t.uc to Lertcier subordinating the lien tv
<br /> this Security Instnsn�ent. If Lender determi+.±�,that:u�y part of the Prcape�v is�u'�ic��to a lien which may attain prioriry over
<br /> this Securiry Instrumenl, Lendec m�y give��trower a notice identifying�ir:ii�a.�i:�rra,�rr sl�ll satisfy the lien or take one or
<br /> more of the actions set forth aEy.��e Within 10 days of the gi�•i�.c�f notkti.
<br /> 5. Hazard or Propert� �aaws�r�ce. G.xcower sh,:ll i�aet the im�rovements nuw existing or hereafter erected on the
<br /> Property imured against loae!+�� :�n, hazan:s ia:laded W i:hi;►x3:e tenn "�xtended coverage" and any other hazards, including
<br /> floods or flooding, for which Q,�ixf;r requi�. inwrance. This insurance�hall be maintained in the amounts and for the periods
<br /> that Lender roquires. The in.cecr-.i,.-aY clrrier Fr���i3ing dx i2wrance shall be chusen by Borrower subject to L.ender's appmval
<br /> w•hial shall not be unreasonat�l� aithheld. [f Borrower ��i::;� maintain co�ernge Jc.�sr.�tibed above.I.cttdcr may,•a: L.etdcr's
<br /> opt�o,�,obtain coverage to protz�.2 Lender's rights in the Pr,r�~�y in accordance wiUi�.rra�raph 7.
<br /> t�ll in�urance policies and renewals st�ll be aeceptab.�;t� Lender and shall ir�.avde a standard mortgzge cl�use. Lend;r
<br /> sha1Q luve the right to hotd the pc►licies and renewals. If Lencler requires,Borrower shaSl promptly gi��e to Lender al?t�a-eip�c�
<br /> paid premiums an�nnewal notices.In the event of loss,Borrower shall���e prompt notice to the insurance carriu and Leix]er.
<br /> Lender may make�roof af loss if not made pramptly by Borrower.
<br /> Unless i.ender and Borrower utherwise a�ree in writing,insurance�r:�,.�ds sha:➢br applied to restoration or r-p�ir of the
<br /> Propcity damaged,if the restoration or repair is econamically feasible aa�C�.aier's sc��u,2cy is not lessenod.If the ces�vrition or
<br /> reo�ir is aot exoaamicallv feacible or I�nder's sacurity wou}3 De lessemd. t�insucaa.t im�ceeds chall he��lied t�the wmc . __
<br /> secnred by this Security Instrument, whether or not then de:, witl: �:�:�::��..tlss psi� :a°3�rrower. If Bortower�bandont thc
<br /> Property, or does�wt aaswer within 30 days a notice from Lender th�►?K c�surance carrier has ofEe[ad to settle a claim,then
<br /> Lender may coltect the insurance procceds. Lender m�y use the prac��a.w repair or restore the Propeny or to pay sumc
<br /> secured by this Sacarity Instrument,whether or not then dae.The 30-day x::od will begin when the notice is given.
<br /> 4Jnless Lender and Borrow•er otherwise agree in W-r:rn�, any application of pruceeds to principa! shall c�ec extend c►r
<br /> po��e the due date of the monthly payments referced t�in pangraphs 1 and 2 or o'�ange the amount of the�lments. If
<br /> u �n:.�t paragr�ph 21 the Property is acquired by Lender,Borrower's right to any insuranee policies and pnoceeds resviting from
<br /> dunage to the Ptu�e,ty prior to the acquisition shall pass to Ixnder to the extetu of th�wms secute.�'by this Securiry Inswtnent
<br /> uuroediately priue[�s the acquisition.
<br /> 6.Oocupaacy,Preservatioa,Mainteoaa��e and Prote�tlon o!tlie�roperty;Bo�a+wscr's Loaa Application;l.easehoG�. '
<br /> Borrower shall occ�:py,establ�sC�.,and use the Property as Borrower'�principal residets:P�.ithin sixty days after the exeeution of
<br /> this Seeurity Ins�nt and�I:rJ:P continue to occupy the Property as Borrower's pr'�.-�]residence for at least ona}ear�fter
<br /> �he date of oocu�:�cv,unless Leaider otherwise agrees in writing,which a�nsent sha11 r�ot be unreasonably withiuld,or unl�s.
<br /> extennatiqg circumuanoes exist which are beyond Borrower's controL. �rrower shall not destroy, damage ot impair ttae �
<br /> � Property, �Ilow the Property ta deteriorate, �ar.mmmit waste on the Prd�n:,r�y�. Borrower shall be in default if any forfeitune •
<br /> action or proceeding,whether cL�il or crimir�`.::,is begun that in Lender's�niod faith,gu,3�rnent could result in forfeiwre of the
<br /> Praperty or othetwise material[_v, ir�pair the lien created by this Security Iastrument ofi Lla+yter's security interest. 13cirrvwer may
<br /> cure uuh�default and reirutate_;�s providod in paragraph 18,by causing the acdon Qr�x�.roding to be dismissod�xith a culing
<br /> tt�at. in Lender's good faith determination, �cecludes forfeiture of the Borrower's iat�� in the Praperty or other material
<br /> impaim�ent of the lien created by this Secur��v Insirument or Lendec's�aity interest. BoiroKLsc-s}�U �Iw be in default if
<br /> Borrower,duriag the loui application prixess.�ave materially false or ir�,;,.y�urate infor.nztio�or�ents to I.ender(or failed
<br /> to pmvide Lender with any m�terial inforn�atcon)in connection with the luzn evidenre+�lir t}ze Noae.including,but not limited
<br /> to,represen'�ations concerrung Ii+lr�uwer's oeeupancy of the 1T4vperty as a principal�i:c,i��ice. If this Socurity Instcument is on a
<br /> leasc�li��(d. Borrower shall com{��y� with all the provisionx uf the lease. if Borrow�er :�aquires fee tide to the Property, the
<br /> leaseitoid ar�d the foe title shall not merge unlcc�:�Lender agra3 ro the merger in writing.
<br /> 7.Protect�am o/Lender's Rights i�tlie iA��perty.If Borrower fails to perform the cover.ants�Li qgreements conttined in
<br /> this Security Ir�sttumeni, or there is a legal gnlc:eeding thac may significandy affecx L�ender's rig1�t� iu the Property(such ac a
<br /> prcxe�iag in bao3uuptcy, probate,for conctemr�ation ar forfeiture or to enforce laws or rzgulatioctsf,then Ltr,der may do�1
<br /> pay for whatever is necessary to protect the value of the Froperty and Lender's rigIus in the Property. Lender's ru.�tions may
<br /> inciude paying a�y sums serured by a lien which hzs priority over this Security Inurument, appearing in cuurt, paying
<br /> reasomble attomeys'fees�nd entering on the Property to make repairs.Although Lender may take action under this paragraph
<br /> 7,l,erder dces not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> Security Inctrument. Unless Borrower and I.ender agree to other temis of payment, these amounts shall bear interest from the
<br /> daee of distwtsement at the Note rate and shall be payable, with interest, upon noiice from Lender to Bo�TOwcr raquesting
<br /> payment.
<br /> S.Maet�e Iaswance.If I.ender required mortg�e in.wrance a.c a condition of making the Ic�an secured by this Securiry
<br /> instiumeni. [iurrower shall pay the premiums required to maintain thc mortgage ir�.wrancc in effect. if, for any reacon, thc
<br /> mortgage inwrance coverage required by Lender lapses or ceases to Ue in effect. Borrower sluJl pay the premiumc requiral to
<br /> obtnin covenge substaiuially equivalent to the mang�gc insutance previuusly in effcc:t, at a cost substantially equivalent to the
<br /> cost to Borrower of the mongage insurdnce previously in cftcc:t. from an alterr�te mortgage insurer approved by l.erxler. If
<br /> v�z a� Fu�a 3028 9l90 �-
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