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<br /> The Funds shall be held in an insiicution whose depasits are insured �y a federal agency, instrumentaifity. or enrity H-.
<br /> (i�cludin;Leuster.if l.ender is such an in�titution)or in any Federa!Home Loan Bank•Lender shall apply the Funds to pay the
<br /> �...r.�t.<�� �a,ut�.may nnt charce Borrower for holding arcd app{ying the Funds.annuall analyzing che escro*y acrnun�or �i`-
<br /> - y . �_......�._«...�. g..z
<br /> verifying the Escrow Items.untess Lender pays Bomower interest on tne runus and apguca�nte iaw po.��s�w..�:s.�...�..�-�-�- ..
<br /> a charge. Ha�vever,Lender may require�ornnwer to pay a one-time charge for an independent ma!estate tax repQrtinS service
<br /> ��,.
<br /> used by l.ender in ocnnection with this lo�s. unless applicable !aw pta�ides otherwisQ. Unless an tt�,`ree�ueat is made or i.,
<br /> appiicabl�la�v requires interest to 6e paid.Lender shall aat be:equired to Pag Harrower an}interest or eamings on the Funds. -,-.
<br /> �' Borrower and L�nder may a�ree in�rtiting, however,t�at inteiest sfiatl be Pa+id on the Funds. Lender shall g�foco�Bh�h�h `�
<br /> withoat char�e, an annua!a.^caunting of the Fur.ds.shawinE crediu us�d debits to the Funds and the pwpus =_
<br /> ha
<br /> debit to t6e FuIIds was made.The Funds ure ptedgeti as additional security for all sums secured bY this SecunEy InstnuRent. _
<br /> If i1:e Fun�s held by I.eader exceed the aiaounts pennitted to Ue held by applicable law,Lender shnll account to fiorrawer -=-
<br /> �:: fnr the exoess Funds in accordance with the requirements of applirable law. If the amount of the Funds held by L.ender at any �
<br /> time is not suffccient to pay Ehe Escrow Items when due,Ixnder may so notify Borrower in writing,and, ia such c�se Burrowex °-
<br /> shall puy to Leader the amount necessasy to make up the deficiency. Borrower shall make up the deficiency in no more than �•
<br /> tvielve month{y payments,at Lender's sote discretion.
<br /> IIpon payment in fuU of all sums secured by this Security lnstrument. Lender shaU pmmpdy refund to Barrovier any _
<br /> of the Pro��shall apply�any Funds�held by Le der at the tim of acquis�ti n or a e as a�ccedprioaga�n��e�m n��d bY =
<br /> .' this Securiry Instruraent.
<br /> 3.AppllcaYfon o8 Faymeute.Ualess applicable law provides otherwise.aEl payments recc��ed by 1-ender under F�..�aphs
<br /> re
<br /> 1 and 2 sUall b�applied:first,to a�sY P�A�YR'ent charges due under the Note: s"cextzi. �n m�rr.�"cts paYable under psc-�.,;�s?h 2: —
<br /> . third,to interest due•fourth,to principal due:and last,to any late charges d�vrn�the:ticst� ns attr,T�a't�tie�w the r�enpercy �
<br /> 4.Cleatig�s;Idem.s.Boaower shall pay all�.�. assessments.char�c-�`- 'Fi�zs 2nd im�wi�u
<br />� which may attain prioriry over t3�is Secxirity IcL�'u�.'nt,and leasehold p��or groand rents. if asny.�:.rcower shall gay
<br /> these abli ations ia the manner r�vided in�:.;,�p'�2.ar if not paid in that mamter,Borroaer shall pay:hem on time di�ctlY
<br /> � p �- fumish to Lender all notices of amaua4s ta be paid un�er this paragraph.
<br />' to the pe�son ov�ed payment.Borroa:,�s�:i:��'�tQ�Y �;
<br /> If Barrower makes these paymecus dit��f.�o�a��r shall promptly fumish co I.ender rece��s�videncfQ�ifre paymenss.
<br /> .:~F Borrower st�all promptly discharge any lien�-�ich has prionty over this�ewrity Insttuum:nt auiless i�crower:(a)agrees in
<br /> writing to the payme�.ef the obligatioa secured by the lien ia a manner aoceF�hle to Leuder,(b)conee:��'s�.good faith the lten .
<br /> by, or defends agai�enforceanent of the liea in, legal pmceaclings whiie� +B the Lec�deT's opinion:4��te to pievent the
<br /> enforcement of the lien;or(c)sea.x�s from the holder of the lien an agreement satisfactory to Lender s�zbur+dinating the liea w _
<br /> • this Seeurity instrumenG If Lecider rtetermines t1�at ury part of the PmgertY is subject to a lien whicb nc�ay atsa�n priority over
<br /> . thi�gecurity lnstrument,Lender may give Borcowee a no6ce identifying the lien.Borrowee shall satisfy the lien ar take one or
<br />,, �: more of the aciioqs set forth above within 10 days of the giving of notice.
<br /> ' S. q�ard or �ro�2rt}r Inssuauce. Borrower sBall keep the impmvements now eniscing or herzafter em,cted on ihe _
<br /> ' propetty insured against loss by Sre,6a�ards included within the terw "extended coverage" and any ottzer hazards. including
<br /> ' :'� Soads or floading.for which Leader requires inswance.This insurance sha111�e maintained'�1��o�°r for the geriods �.
<br /> :'• �' that S.c.sc+der requires. '19ie iruur�mu�carrier praviding the insurauce shalt be chosen by F3uc��aer subj��ta!ender's approval
<br /> ' which sY�U not be nnreasonably w�ifb�eld. If Borrower fails to�uiT►tain coverage descn7aat�.abova,Le.:.ur may.�u�n�er's
<br /> .. • option.obtaia coverage to prote�Leader's rights in the Froperty in aceordan,ea�ith pazagr�7-
<br /> p11 insurance polu�es and reu2wals shall be acceptable to Lender an� s�all include a standard�g,age clause. I.enQsr
<br /> � shall have thz rjg�t to hold the policies and renewals.If Lender requ'sres.Barc�wer shall pmmpdy give tu�Lender all receipts of _
<br /> " . paiti Rremiums and renewaf notices.ln the event of toss,Barrower shall give prompt notice to the tnsurance carrier and Leader.
<br /> I,end�t�y make proof of loss if ttot ma�de prompdy by Borrower.
<br /> �;' . 43�riless Le�der and Borrower atheswise agree in vrYiting.insarance proc,e�ds shall be agplied to restoration or repair of the
<br /> • property dau�ged,if the restoration or repair is economically feasible aad Lender's�security 4s not lessened.If tbe�c+�stosatron ot'
<br /> . repalr is not economically feasibte or i.ender's ser�rity would be lessened,the insumnce prooeeds shall be a�plied to the sums
<br /> sectired iry this Securiry Instcument,whether or not Wen due,with any excess paid to Banower. If E��rower a3�andons the �
<br /> property.or does not answer withln 30 days a notiee fi'om Lender that @►e in��nce camer has offered�sf'.,tt1e a ctaim,then
<br /> Lender may collect the insurance pmceeds. Lender may use the proceeds to nepair or restore the Property or w pay sums
<br /> • � seeuced by this Securiry Instrumeni,whether or not then due.The 30�day period wiU begin when the no2ice�s$►ven.
<br /> . Unless Leader and Borrawer othetwise agrae in writing, any application of proceeds to principzl.shaq not extend or
<br /> �. pastpos�e the due d�#is�sY tGe monthlY P?Y��referned to in paragraphs .;� and 2 or change the amoL�of the paymenu. If ' --
<br /> ' . under paragraph 21 t:�e Freperty is aoquired by Lender,Boaower s r.g3`�;�=>t;.,�y insnranoe poliries and proceeds iesulting fmm ,
<br /> � damage to the Y'�operty Priot to ttis acqu�sition shall pass to Len3ar to t�e e�f�t of the sums seaued by this Secunty Ins�nime�
<br /> immadiazely prior to the acqwsiuor.�. '
<br /> 6.Occap�ncy,Praer�'aHon,Atalntenuace and ProteMian o!the Prai�ertY;Borrowes's Loaw Appticsiian;Lesa�halds�
<br /> Borrower shaq ooeupy.establish,as�d use the Property as Bonower's principal residence within sixty days after ttee execution of
<br /> this Securit�r insuumeat and shall wntinue to oocupy the PropertY as Bonower's principal reslderzce for at teast oae year after
<br /> the date of occuDancr,�.unless Lender otherwise agrees in'wriang,wluch cansent s1�a11 not be unreasonably�vithheld,or w�less
<br /> extenuating Cizcumstances e�st wtticb are beyand Baaower's eonuol. Borrow�e�r�s6all n�l��Y def�gif any forfeiture
<br /> property,allow the Property to�zriorate. or oomrnit waste on the Property.
<br /> • action or praceeding,whether�itt:i���r ctitninal.is begun that in Lender s good faith jadgment oould resuit in forFeitwe of the
<br /> Property ot otPtem+i_�.tnateri2ihl 'c.=�pair tlte lien cleated by this Security Insin�ment or Lender's securiry interest.Borrower may
<br /> cvre such a default..:",3 re�.ti�,as provided in paragraph 18.by causing the action or proceeding to Lr�isinis�ed with a n�ling
<br /> � that, in Lender's�,oad faitIi dE'e-'�unatioa. Qrecludes forfeiture of the Borrower's interest in tAe Fcnr:ercy or other material
<br /> ` impaim�sn of the lien created b�, rlis Secunty Instrument ca Lender's security interest. Borrower s4��11 also be in default if
<br /> Borra�u+�z,daring the loan appiic�q��pmoess.gave materialt,e f;�3se or inacsurate infarm:�7ym or siatements to Lender 4er failed
<br /> � to prca�,n.e Lender with any mate'ti:al information)in eonneccis�a k�lth the loan evidene�.l�+�:�e Note.including,but vnr Qimited
<br /> tn,reptesentations canoeming Bais'ower s oocupancy of the Frperty as a pRnciptil res:ai;�:r.�.If this Serutiry Insmunent is an a
<br /> � leasehold, �orrowes sha11 compty with all the �sovisions of�the lease. IP Borrower ncqu�res fee r,�ai�to the Praperty. the
<br /> � �' leasehold ansl the fe�atle shall not merge unles>➢.r,nder agrees to the mer�er�n writinS•
<br /> T.Ptote�lon of l.ender's Itights in the fi'aeweaty.[f Bsraower fails to perform ttcB cavenunut and ngreements mntained in
<br /> aty
<br /> this S�cutity Lutrument. or there is a legal praceeding that may significantly affect Lea�er's sights in the Property(snch as a
<br /> � proceeding in bankruptcy,prabate,for condemnation or forfeture or to enforce laws or regulations), then Lender m�;�do atW
<br />' Qay far whatever is neoessary to protect the value of the Property and Lender s rights in the Propetty.Lender's aceioas mny
<br /> mctade paying any suau seared by a lien which hns priority over this Security Instrument. appearing in wurt, payin�
<br /> . reasonab le aitomeys'fees a n d entering on t ha P ro p e r t y to make r e pairs.Althou g h Lender may take action under this parograph
<br /> 7.Lender dnes not have to do so.
<br /> � Any amaunts disbuised by Lender under this paragraph 7 shall become additional debt of Borrower suvred by this
<br /> Security lnstrument.llnless Boaower and Lender agree to other terms of payment, these amonnts shall bear intemi from the
<br /> � date of disbursement at the Note rate and shall be payable, with interest, upon notioe from 1-ender to Borrower requesting
<br /> � �y 8.1MorYsage Insurance.If Lender required mortgage insur.�nce t�s a condition of making the loan secured by this Se�vrity
<br /> s
<br /> Instrumen4. Borrower shall pay the pmmiums required to maintain the mortgage insurance in effect. If, for any reason, the
<br /> moRgage insurance ooverage reqaited by lxnder lapses or reases to be in effect. Borrower shall pay the premiums requited to
<br /> obtain coverage substantially equivalent to the mort�,age i�surance previously in effect.at a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage insurance pre�+ious�Y in effect. from an altemate mortgage insurer approved by l.ender. If
<br /> o�,�m e Wsm 3028 9/�
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