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<br /> 7 hc f��uids ,Irill lic hcld in im inti�itutinn whii::e dcposiis i�rc insurcd by ci fcdcrn� ugc�zry, in�uumcnt:diiy, nr cntiiY -
<br /> (inrindht�{ (.andcr. if I.CIIIII'P IS SUl'II illl II1tiUIU:inn1 or in;uy� I�calcial Il�m�c Lnnn 13ank. ln�itdcr�liull�ipply Ihc I�un�l>,in tiay tlic
<br /> , I��.�ua I�rm:,. I.cn�lrr ur�y nuI rhur�!c H�mu�v,�r I��i huldin�;,in�l n��plylu�,ilic I'w►�Ir�,nnuuully nn,d��iin�t Ihr c+rruw urruunt, ur
<br /> vcrilying�hi�I�:,rruw ltcin�, unlc��,i.�ndcr payti I;urrwvcr intcr�tit on�ha I�unds nnd up�IIcuF,lc Imv�rciuihs Lcudcr I��rouE:c su�h =.
<br /> .. n chnr�S�;. I lu�rcvc►•, l.cndcr miiy rri�ul��li�rrr��wcr tu�r,iy u nnc•Nmc:chnrgc li,r��n in��ep��ndcnt�rid cy�mc �na rc�turtlnFt s.rv�cc =
<br /> _ u,c�! by t.cn�icr isi rut7n�ctlu�f wi�i II►is lunn, unlcti� �►ppllcublc hnv pruvfdcy ��Ihrrwf+c. Unlcsti �in n}im.cmc�u is intid� nr -
<br /> �ip��licuhlc Inw rripifrc+ intcrc.t in Nc p:dd, I.cndrr,I��ill nm hu r�qulrcd tu puy Ilnrru�vcr;uiy Inicr�st nr curnlnFt��im dic I�unils, -
<br /> � r Nurr�nvcr nnd IAnttcr m;iy :��;rcr i�i wrhit�l�, howcvcr, thiit Inten:st yhull I�c pafd un�hu Q'imdti, I�:ndcr sh��ll givc w (iorrawcr,
<br /> . ' wiUtnut chnrl,c, nn wu►unl u�:r��untln�R �if thc l�undn, shu�viu�; crcdits un�l dchitn tn thc I�unds nnd thc purpusc for whluh carh �
<br /> ..,,� dabll tu th�1'uiuls wu�nr,id�:. l'hi�rui�d.r urc pl4cl�;c�l u,,uldili+mnl nrcurity iur idl nums scrurrd by this Sccurity Insirumcnt. =
<br /> „ ,> �,;, II'Ihu{'UIIIIti IIL'IlI I1y L..l`llllCl'Okl'CCII�IIC 111i10U(IlH FIGf111IRClI(U I10{IUIII Ny 11�1IIl'lII1IC IlR4. l.cndcr shull uccc�unt t�►Durruwcr
<br /> . • • fur thc excchs Itunds in nccurd�m��c wilh thu rc�uircmcnt�;of upplicahlc law. If t�o nmount oV'thc Ponds hcld by l.�ndcr �u any �
<br /> �,. :.,;{ timc is nnt sufftci�nt tu��ay thu F.scr��w Itcm��w�icn duc, L.r.ndar muy so nutify ilon•nwcr in wridng, mtd,in such cnsc l3urro�vcr �•
<br /> � �;ti;,,;�.�;, shnll pny t� L�:nder the nmaunt necessary tn mi�ke up the deficiem�y. Bi�rruwer sh�dl niake up the det7clency in no mure thim --
<br /> , . .�;;. ;,,�rau±c� twclvo monthiy pirymcntv,ut L.cndcr's solc discrctinn. -
<br /> . •;..;. . ' 1 Upon payment in full ��f ull sums securcd by thlti Sccw•ity Instrumcnt, l.cndcr shnll promptly rcfund �o H��rrow.:r uny d
<br /> . . . Funds huld hy L.c;nder. If,wtder pitrubiupb 21, f.ender�httll acyuirc ur�cD the P�op�rty. I.cndcr,pricir to che��cquitiitiun or��tle `-
<br /> . , of thc Prupr.rty, shull upply �.�ny Funds hcld by Lendcr at thc timc c�f acquisition or sul�s ns ii rrcdit aguinst thc sums sccured hy
<br /> , � �hie Sccurity htrtrutnGnt.
<br /> 3. Applicntlon of Pi►ymentr,. Unless appliruhlu Inw providcs cuhcr�vihc,nll paymc:n[s rcccivcd by I.cnder undcr parugraphs -
<br /> • }'� I nnd 2 shnll be applicd: fie5t, to any prr,p�yment char�es due under tho Nute; second, to uniounts pay�ble under para�raph 2;
<br />: �.. .; � . •� "• third,to intcrest due; faurth.to principnl due;and lust,t�any Inte chnrges ciue under die Notu.
<br /> � ,;;,A,•�� •��5�r a. Chiirges; Liens. }3orrower shtdl pay aU taxes, nssessmente, char�es, fin�s and impasitions nttrlbutAble ta thc Property
<br /> „°. ti±'..��:-. �- which mE►y uttaen priorlty aver Ihls Security Instrument, and lens,hold payments ar ground rents, if nny, Borrowcr shftll pay
<br /> ••-.• :,'.' •� tliose oblit3utionF in tho manrtcr pmvided in puragraph 2,or if not paid in thnt manner,Borrower shHll Fay them on timc dircc[ly �
<br /> � ,; to the person owcd pnymcnt. Horrnwcr shall promptly furnish ta I.,�:nder all notices of amaunts to bc paid under this paragraph. �
<br /> :���:•:�. ' If IIorrower m�kes these paymcnts dircctly, Bo�rowcr shnll promptly furnish to L.c:nder receipls ev�dcncing the paymcnts.
<br /> ;;' ' ''�'' • � ' Sorruwcr shall rom tl dischur e an licn wh�ch hns . "
<br /> •��:.ti , � p P Y 8 Y prioiity over this Security instrument unless Harrrnver:(a)abras in
<br /> ,� '�-%"�.r,•+, � �vriting ro thc p�yment of the ahlit:ation securcd by thc 1'sen in a manner acceptable to'.cnder; (b)contests:n good iaith the li�n °
<br /> ' ;':';,�:?' by, or def�ttds ag�linst c�ifii►�cuieul uf ltie iien m, legul pn��t.�xiings wl�ich in lhc Lc;uder's opiniuu opciute tu �)I�VGIlI IIIC -
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<br /> °;:';;;t,.,��{. ' enfarcement of the licn; or(rl secures from the holJer nf she lien an u�reemeut satisf�ctory to Lender subardinnting the lien ro `
<br /> ,"�;r'�',; this Securit,y Instrunicnt. If Lendor detcrmines that uny pnrt of tho Wropeny is Subject to u lien which may uttai��prlority over
<br /> .� ..,,f: •.'�' ' thiF Sccuriry Instrument, l.endcr muy givc Borrowcr u noticc idcntifying the lien. Borrowcr shnll satisfy thc lien or take anc or
<br /> ,, �.:��?'7'•.,,� mor�of thc actions set forth ubove within 10 da s of the ivin of notice. •
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<br /> 5. Heu�rd or ProFrcrty lnsurAnce. Borrower shall keap thc improvcmcnts rn�w existing or I�crcattcr crcrtcd on thc
<br /> ,` �'�-t�' '�` � Pmpony insureti against loss by firc, ha•rurds included witt�in U�c tcrm "cxtende� cuvcr;sge" and any othcr h��zt�rds, inrludln�
<br /> �:a;�.'`<��'tl�� ' � floods or flnoding, for which I.i:adcr rcqui�es insurance. This insur7ce shnll be maiutnincd in the nmounts und for the p�rods
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<br /> '�;'r;=r�,�yr�ar, ;��— chac Lender requves. i he insurance cAmer providing the �nsurnnec ::UI be chosen by Burrower subjeet to l.euder's approval
<br /> _;:;:'•;''�:�,�,��;,;i which shEdl not bc unreasanably withheld. 1� B��rrower fails to maintuin covcrnge described above, C.ender may, at Leadcr'ti
<br /> �,•;����ti,'!;:' -��' option,ubuiin coverage to pratect Lender's rights in the 1'roperty in accordanee with paragraph 7.
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<br /> '-'�;��•:, •r. �• AU insurance policies and rene�vnls shull be acceptt�blc to Lcndcr und shall include a stnndurd martgnga clntaso. Lcnder
<br /> ';!;S?;,�:`':;;;:,._ :.: shi�ll h�ve the right to hold thc pofirics und�rnownls,If 1�,:nder requin:s,Borrowcr shall promptly give tn L�;�idcr nll re�eipts of
<br /> _?b=r��y�}�t��;+�..�..� Lc dercn ry��mukc proof of lo st if not madc p unmpt y by Dor o err shull givc prumpt naticc ro the insurancc carcicr and L.cndcr.
<br /> —''._��.,±�„sa� Unless I.cndcr and Borrower ntherwise ugrcc in v�riting, insurancti procccds shall be appl(ed to restorution ar repair uf tl�c
<br /> ���:���'�� Property damagcd, if thc restorntion m•repair is cconomically fi�aslblc and I.cnder',cccurity is not I�s.sened.If thr resio�atiun�r
<br /> ,.-;--��z�"1� repair is not emnomicully fe;tslble or Lender's security would be Ir.ssened,the insurance proceeds sh�dl be nppli�cl to the swns
<br /> =�T:r,��^a+� secured by this Securiry Instn�ment, whether or not then due, with nny excess pnid tv Qc>rmwer. lf 8orrower uba�xlons the
<br /> -=T_�?���'� Property, or dacs nnt iinswcr within 30 dayc u noticc fmm l.cnder that the insuraince carrien c�+s affered to settle n claim,then
<br /> -=_�� l.cnder may collect the insumnce proceecis. I..cncler muy use tl�e prucceds to reja:dr or restorr the t?roperty or to pay Rumv
<br /> ----____� sccurcd by this Security lnstrumcnt, whether ur not tlun dua'Chc 3U-Jay perlai�xjll bcgin whcn the natice is givcn.
<br /> _=-�°��°� Unless Lcnder and Borrower otherwise a6ree in �vriting, any applicuti�n af proccalc to principal shall not cxtend ur
<br /> _,��=,.��� � postpan� tl►o due date of tho n�onthly pnyn�cnts refcrred to in puragruphs 1 anJ 2 or chimgc thc nmowu of tl�c puymente. If
<br /> _-:�Rr�� unctcr pttr.tgr,iph 21 thc Property is acquiird by Lc:ndcr. �crrowcr's riglu to un�insum.�cc policics anJ procccds rest:ltin�frorn
<br /> i=::.ua� f�tilll:iAC I�)III�PIYI(1CIly prior to the acquisition shall pass t:�Lender to dta extent of thc sums secw�ed by tltis Security Instrument
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