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<br /> �t emen o u ct of 1974 as
<br /> �nortga�e lo;u� n�ay require for Bano�vor's esero�v account under tUe fecterll Real Estut t� � �
<br /> � umensled from timc to tima, 12 U,S.C. 54 26Q1 et seq. ("RESPA"), 11JII8SS ARO!IIBI IIIVl tll�l (IpPI1C8 t0 IIiO FURtIB SCI9 ❑ ICSSCT
<br /> �mount. If sa, L.cndor mny, at nny timo,colinst nnd hold funds in w�nmount nnt to exc�ed tlic Icsser amount. Lendcr may estimatr.
<br /> ' the umount of Funds�uc�on tho bnsln of currr,m di�tn nnd re�.,onable esdran4r.s of expendllures af future�scrow Itema oe athel�vice
<br /> � en accordwice witl�applicnblc�Inw.
<br /> Thc ttmds Ahall 6c h�l�l In nn institutian whosc depostts arc insvrcd by n fedceni ngency, inotrumentnlity, or entity (including
<br /> ' ���� Lcndcr, ff I..cnder I�euch nn instit►itlan)or in any Federnl Home L.oan Hanh. I.endar ehnll appty �he Funds to pay the �ccrow „ .,
<br /> Itzin�. 1�n�1cr mny noi chnr�o f3or+�ewcr for holding nnd npplying dic Funde, nnnually cmnlyr.ing thc cs�row nccount,�r vcril�ing
<br /> =-��"+"��� tho Escrow Item�, unles�i.ender pnye Borrnwer interGSt on ttie Funds, nnnuaity nnatyzfng the cscrow nu;uu�u, oe verifyluA ihe
<br />";�� 8scrow Items, tmle�s I.,endor pnye Borrower int�rost on the Fund� and applicable law permite Lender to make Auch a charge.
<br />="�,a►+�+r�' Howcver, I»cndcr m�y requirc �orrowcr to pay a ono-timc chnrge for an indcpcudent rcnl estntc tax reporting servicc used by
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<br /> Lcnder ln connectian with thlo lonn, ur►lass Ap�licable law provides ottvs�nvise. Unlcss an agrecment is mude or npplicable lew ;.:
<br /> � � requirce intr.rest ta bo pnid. Lendur ehall nat b�required to pay Bonovrer any intcrest or enrniuQo an thc Funds. Borrower iu►d ��:��_,
<br /> �i L,endcr mny r�}r�c in writlna,ho�vovor,thnt lntnreat s ha l l b c pa i d on t he F��d s. L e n d c r a h a l!givo co Borrowcr,with�ut chnr�c.an g;:.
<br />,��.�;' ;;.' � annual accounting of tho tlinds, shoai.na credits and debits to We funds and the purposr, for which cACh deUlt to thc funds wa �:-°
<br /> � �.;;��: mndo. Tho fl�nds an plalged as additionnl securtty for�ll sur�n�+secured by this 5ecurity I��trunient. ��
<br /> ... If tha funde held Uy Lendor eaceed We amouats permitted to be held by epplicablc 1aw,l.cttder shall a.cca��nt to Borrowcr ��
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<br /> i,,�'�:�.,r. for the excess funds in accord�utce with tha requiremems of applicable law. If ttte amouiit of the funds hald by I.endar at any cime _., _
<br />- �a is not sufiicient to pay tho Escro�v Iu�ma whizn due, Lender may so nodfy Honower in wdting, and,in such case Boaower shall _,.
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<br />:;��?��' pay to Lendor tha amount nccessary ta m�f:e up the deficiency. Bonower ahall muke up the deficiency iu no more tban twe ve �
<br /> �'"`�"`"� '` monthly paymeaea,at I.Endor's solu diccretiou.
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<br />,�''� Upon payment in full of all suine s�cured by this Securlry Instrument, Lender shall prompdy refund to orcower nny
<br /> "'�� �= : Funds held by Lender. If,undnr pflra�raph li,Lender shall acquire or scll the Prop�rty, Lendcr,prior to the ucquisltion or sale of _
<br /> ��:���:.-�__ ' the Property. sh�ll upply any fua�ds hotd by Y.ender at the dme of acquisition or sale as a credit against che sums secured by tlrs
<br />_�",�:—_= Secudty[ushument.
<br /> �'r � 3.Ap�licetfon of F�ayRnenta.Unless upplicable la�v provides otherwise,all payments received by Lender under puragcaphs
<br /> --`v�� 1 an�2 sbull be appliad:fimt,tn r�.p preg�yment chsrges due under the Note;second.to amounts payable under paragraph 2;third,
<br />'��. to intere9t duo;fouith� to principal�fue;and last,to any late charges due under the Note.
<br /> •ai �•� ,�:; 4.Chargcsi Licn�.Boruwer shall pay ull taxes, sissesaments,charges, fines and impositiona atuibutable ta the Property
<br /> which may attnitt prlorlty over s%iis 5..°curity Insm�ment.and leaschold pAymeats or ground rents, if nny. Borrower shall pay these
<br /> - �Y obligations in tho mnnnvr pmvic�ed in paragraph 2,or if aot paid in that manner, Barrower shall pay tl�em on tiir,e directly to the
<br />�''`'.y��� i_ ���u��.� �oJ�t, u��.;.,���� �r�,r�rty fumish to Lender all notices of amounts to be paid undcr this paragraph. If
<br /> ""`'�'�'�":��`� Borrower mnires tltese pAyments direcdy�Borro�ver shall promptly fumish to Lender rece3pts evidencing the payments.
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<br />—��:.@a;;i &�rx�otivcr shnll promptly discharge:u�y lieu which has prlorlty over this Security Instrument unless Bozrower: (a)agrees
<br /> -- —=�: aaiting ta tho pay�cnt of the obligation secu:.^.d by the lien in a manner saceptable to Leader;(b)contests in good faith the lien by,
<br />,.r�� er c��fends aga3ns�enforcement of the lien ia,legal praceecling whtch in the Lender's opinion operate to prevent the enforceme.n of
<br /> t1�e Flen; or (c) secures ftam tne holder of the lien an ngreement sadsfactory to Lend�r subordinating tlie lien to thie Securlty
<br /> � Instnunsat. If I.cader determines that :my part o�the Property is subject to a lien whicb may attain priority over thls Security
<br /> --�`�=�'= Instrument� Lender may give Borrower a nodce identifying the lien. Eorrower shall sadafy the lian or take one or more of the
<br /> '':".� actions set forth above within 10 days of the giving of notice.
<br />;.;:s,'� 5. Hazard or Frnperty Insurnucc. Bonower shall keep the improvernenta now e�ciat��g ar hercaftcr erected on the
<br />��" Pmperty insurod egainst luss by fire.hazardv in�cluded within the term"eatended coverago"aad any other hazards,including floods
<br /> or floodinE, for which Lender nquires insurance. TDiis insurance shall be maintained in the »mounts and t'or ihe periods thac
<br /> Lender requires. '('�e insurance curder pravlding the insurance shall ba�hosen by Bonowcr�ubject to Lender's appmval whlc3i
<br /> shall not be uniessonably wlthbeld. If Borrower fails to maintain coverage described above. I.ender may, at Lender's aption, _
<br /> abt>nin coverage to pcotesi Iander's rip,ttts in tha Property in accordnnce wnn para�pn 7. -
<br /> "«.'<<���� All insurance poli.c�as and renewals shall be uccegtablo to i.earler aad sha�l inctude a standard mortgaBe clause. Leader _
<br /> . _ shall havo the right to hold the policies and renewal�. If Lender mquires, Borrower ahall promptly give to IRnder all c�eceipts o4' -
<br /> ---�- - paid pnaiiwns and renewal nouces. In the event of loss, Boaower shall give prompt notico to tho insuranr,e carrier and I.ender.
<br /> - L.cndcr may make proof of loss if not made promptly by Borrower.
<br /> -. Unl�ss Learier and Bonower otherwise agree in writing,insurance proceeds shall ba upplied t�restoration or c+epair of the _
<br />:�� Proparty damaged,if the re;,toration or repair is econon�lesillly feasible and Lender's secwity is not lessened. If the restoratlun or i_
<br />- -�;;� repair is not ecanomically feasiblc or Lender's securit-�+ would be lessened, the insuranca proczetls shall be applied to thc sums
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<br /> _� secured by 8his Sxuriry Insaument, whether or not then due, with any eacess paid to tlie Bonower. If Borrower abandons the
<br /> —=- Proparty, ar doas uot answer within 30 days n nottce from Lender thut the insurance carrior has offered to settle a claim, then
<br /> ��.� Lender may collect the iasuranee proceeds. Len@er may use the pmceeds to repair or restorc the Property or to pay sums secured
<br />-'�� by this Securlty Insttument,whother or not then due. Tho 30 day perlod will begin when the notice is given.
<br /> ._...��;� Unlcss Lender and Bar:ower othenvis� ugree in writiag, any application of proceeds to principal shall not eRtond or
<br />_-=.-=��--`" post�one tho duo data of the montWy payments refemed to in paragraphs 1 and 2 or change the�unaunt of the papmenta. If undor
<br /> -�-=--�t_
<br /> ---���� p�ragraph 21 tha Frapecry is acquircd by l.ender,Bonower's right to any insurance policies and procceds resulting fram drimngo to
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