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<br /> 92- 1018�1 -
<br /> �. requires iaterett to ba p�id�Landar�beU not bo required to pa Bonower aay intarest or ea��alo�s on the F1wds.BOftOWW 8rid �';.�v�Y-.w. _. _.
<br /> ' Latdar ma agrea in wri�,�,6owevar that intareat duU bop�d�n tha Fuuds.I.and�r ahall va to Borrower�without eh�rB0.
<br /> � aa amuel acaoua�q ot tha E�nds,�ho�q cxedit�and debi�a to t6o Funds aad tho purpoco�r wW�.h each debit to the Fund4 �'"::%';-: =-
<br /> a►u made.The Fun�aro pled�ed at additfoaal�ecwity for all�ums uaued by this Security Iastrumant. -_�_- -
<br /> . If tha F1�ads hald by Lander e�cceed the anwunta permitted to be hald by applicabla law�l.eader ahall account to Borrowu tor —;��_ --
<br /> tLe axceas FWad�in�ccArdsnca wIW the requirements of ppplicable law.if�he amount of tha Funds hald by Laadar�t any dme � '�'--
<br /> ia aot�u�dent to pay the F.sesow Itoau wlun due,Landnr mny eo aotity Borrower in arltL�nu in such case 8onowar tbaU ., �t�'��
<br /> � � p�y to Londar tha�mouat�eees�ary to make up t6o de6deocy.Horrowor�hall mdce up tha do8�oncy in no more than twelve -�-.--- -�.... --
<br /> ��Y MY��.at L�ender's�ok ditcretion.
<br /> . U� poa paymant in WU of all cuma secured by this SecurIty Insaumeat,L.ender ahell pmmpdy re[uad to Bonowar wy Funda `•.: _-�
<br /> held by I.eader.I�under ap6 21,Lwdar iLallacqu3ra or aell tha Proparty I.ender�pdor to t6e acquitition or aala of tbe ''+�-+�
<br /> L r�.�"`.'.'
<br />_ , .. ����truma��y�hold by Loador at the tima of acqui�idoa or safe aa a credit a�,aiutt tha aums secured by t6ia -T�°_�_.._;� •._ _=..-'•-
<br /> Sec�uitY �=�—
<br /> . 3. �Ueatlon o[Paymenp.UWess applicable law pruvldcs otherwlse�all PaYmenu recefved by Lender under paragrap6s 1 and f';'�:�.;-.��-
<br /> 2 ba applied:&st,to anypraPaYment chacges dua under the Note;secoad to emounte payablo under paragraph 2;third, �_���:W.�. `:._,.�.•w_C:._: .
<br /> to interest due;fourth,to principa!due;aad la4t,to any late c6erges due uader the Note. ��`' �`_
<br /> • . 4. Char�wi Ilane.Borrower shaU pa aQ.tax�assessmeats,chargc�6nes and imposiHons atm'butable to ths Properly which �T s-~ ^��
<br /> � ma attala priority ovor tl�S�iy Instswnent,aad leaseholdpaymoats or g�round rents,it any. Borrower ehaU pay thaso `�`_�::{�'�.^
<br /> r
<br /> obl�doas in�tLa mannerprovided in para�raph 2,or if not paid ia that meanar,Bonower shall pay them on tlaiae dlrect to " .��r;�z,,.
<br /> tLe persoa owed payment. orcower shall pmm d fiunish to Lender all notices of amow�ts to bo a�d under thls If �`.�.°==-=
<br /> B PY
<br /> P P� w.ri���--
<br /> Borrowar caaket Wese paymeats dlrectly.Borrower:hell prompdy furniah to Landar recaipts avldencing the paymonu. ��_;T�--�-�,----�-
<br /> R Boaoamr ahall promP�Y �8e any IIen ahich hes priority over tbi� Securfty Instrumont udes4 Horrower. (a�)egrees in �._.:=------- -
<br /> ; . vvriting to tha paynusnt oi the obligedon aeeiued by the llen ia a mannar aca table to Lender(b)wnteats in good faith the liw► ,:""�' n°'+��"
<br /> ��P / �fT��
<br /> by� ar dafenda��t auforr,ement af the llan in,Iegal prOCCCdI��B W11Ic�+ �Wd LOAdEf'�B OjI�OA Operato to preveat t6e '� . �;�;:,� .-- -.-_-.
<br /> � enforcemoat of ti�ie Iton;or c)securea from tho holder of th llen aa ry ta I.endar au6ordiaeting tho Uen ro ' .'. .�... ',�;i':--�=--
<br /> ( e agreamoat satisfacto , _, ,.,,_.
<br /> . this Scc�uity Inswment.If Lender detern�ines that eny part of the Property is subject to a Uea wWch may attaiu prioriry over "� .� -,.--.
<br /> this Seeurlty Inatcumant,Lender mayg►ve Hoaoaror a notjee identitying tho lien.Borrowar shaU satisfy the lien or talca oae or t ' ;�� 4. -`��:;;
<br /> mo:e of the acxiona eat forth above witbin 10 days of the giviog of notice. •
<br /> . ...,:..�;,�-
<br /> ..�.;•- '��-
<br /> S. Hozard or Property 1new�auce.Borrower shall keep the ia4�rovoments now o�dsdng or horeafter erected on dte Property ,;_ :,r--
<br /> , iasured��t lo�s by 6re�hazarda included within the term extendcd coverage"aad any other 6azerds.including tloads or ;:,�.::: ;._T�
<br /> pooding��or whicb I.eadcr rcquires insurancx. This insuranc�shall 6e maintained in the amounts and for the penads that �;.,s -�p-
<br /> Leader rcqutres. The insurancc carrler prorrjdtag the iasurwce shall be chosen by Borrower subjcct to Leader's approval -
<br /> � which sl�al!aot be unreasooably tvithheld.If Baaower fails to maintain coverege described above� I.sader may,at I.euder's �•x„
<br /> option�obtejn covarage to protect Leader's rfghts in tho Praperty in accordeuce wiW paragraph 7. � `: °s,
<br /> All inswance poltcies and reaewaLv shall be acceptuble to T.eader aad shall include a standard mortgag�clause. 1.ender shell i ''
<br /> have the right to hold the polides and rencwals.If Lander rcqulres,Borrower s6a11 p,omptlyg�ve to I.ender all rccefpts of paid � � �
<br /> •� premiw�+s end renawal nodces.In the avent of loss,Borrower s6a11 give prompt notica to thc iasuran«s�rr1e�' ead I.euder• j- .•- �
<br /> I.eader may make proof of loss if not made prompdy by Borrower. � � �,�,:3—:-
<br /> Unless I.ender and Borrower othervv�so agree in wri�,lusurance pruceeds shall be appued to restoratioa or repair of t6e • '� ,t
<br /> Property damaged,if the restoration or repair is econoanlcally feastbfe and L.ander's secunty is not lessaned.If the restoration `�•;
<br /> or repa�r is not economtcally fcasible or Lendar's security woutd be lessened,the insurance proceeds shall be applfed to t6e ��
<br /> 8ums secured by tLis Securifyr Iastrument,whether or not then due,with any excess paid to Horrower.If Borrower abandons `� '.
<br /> � the Pro p o r t y�or does aot anawer vv�thin 30 days a aotice from L.ender that the insurance cerrier has o�ered to settle a claLa, �'`• '
<br /> then I.endor may wUect the insuranca pr o c e e d s.I.ender may use Wn proceeds to repalr or restare the Proporty or to pay sums , 1. „
<br />� secnrad by thfs Securlty Instrument,whether or not then due.Tha 30-day pariod willl�egin when the nodce is g�ven• , �
<br /> Unlesa Landor and Bonowar otherwisea�ee in writing,eny appttcation of proceeds to prinapel sl�ell not axtend or poatpone :
<br /> the dua dale of tLe montWy paymeats referred to in paragra�hs 1 and 2 or changa We amowu of the paymenta. If undar •r_.
<br /> P��P�21 tha Property�s acquired by I.eader, Borrower s right to aay insurance policies and procxeds resultiag from r:•'.
<br /> . damage to the Property pnor to the accluisitioa ahall paas to I.ender to ths extent of the sums sec►ued by this Security
<br /> InsM�ment immedlately prior to the acquisrtion. � F.
<br /> 6, pocupanq, Preaervetlon, Malnteaance and Protection of the Propert�, Borrower's Loaa Application; Leaseholds.
<br /> I Borrower shall occupy,establis6,.and use the Property as Dorrower's principal residenca witl�in sixty days after the executioa
<br /> of tLis Securlty Instrument and s6a11 coatinue to occupy the Property as Bonower's princi�pal res[dence for at least oney�ar
<br /> ; after the data of occupancy,unless L.ender otherwiseagrees in writing,w6ich conseat shall not be unreasonably wlthheld,or -
<br /> � unless extenuat�'ng circuznstaaces exist wluch are beyond Borrower's control.Borrower s6aU aot destroy,dama�c or impair the
<br /> Property,allow tLe Property►to deteriorate�or commit waste on the Property.Borrower shall be iu default�f anY forfeiture '
<br /> actlon or proceeding,whcther avil or criminel,is begun that in Lender's good faith judg�nent could result in forfeiturc of the
<br /> � Proporcy or othernise materially impair the Gen created by this Security Inatrumeat or Leader's security interest.Bonower may
<br /> cure auch a default and reinstate,as provided in parag�aph 18.by causwg the actiou or proceedin�to be dismissed with a
<br /> { „� ruling that, in Lender's good faith detcrmination, precludes forfetture of the Bonower's mterest m the Property or other
<br /> • material fmpalrment of t6c llen created by this Securiry Iastrument or Lcnder's security interest. Horcower shall also be in
<br /> default lf Borrower, dur� the loan ap�l icadon process, gave materi a lly f a l se or iaaccurute i n forma t lon or s t a tem e n t s t o
<br /> � Leadar (or failed to prov�de Lender w�t6 any materiel mformatioa) in connection wi�h the loan evidenced by the Note,
<br /> including,but not limited to,represeutations wnceraing Borrower's occupaacy.of the Property as a principal residence.If this
<br /> Security Instrument is on a IeaseLold,Bonower shall comply with all the provisions of the lease. If Bonower acquires iee dtle
<br /> to tLe Property,the leasehold and the fee dde shaU not merge unless Lender agcees to the merger in writiag.
<br /> '; � 7. Protection ot Lender's Wg6ts ia We Property. If Bonower fcWs to rform the coveaaats and agreements wntained in this
<br /> s
<br /> Sacurity,lnstrument, or therc is a legal proceeding Wat may s' 'icantly affect Leader's rights in the Property(such as a
<br /> proceed�ag in bankruptcy,prohate,fnr coademuation or forfeiture cr to enforce laws ur reguladons).then L.ender may do and
<br /> pay for whatever is necessary to protect the value of tbe Property and I.ender's rights in the Properry. I.ender's act�oac may
<br /> include paying any sums secured by,a Gen which has priority over this Security Instrument, appeariog in cwurt, paying
<br /> reaaonable attornays' fees and eatermg on the Properry to make repairs. Although Lender may tsikc action under t6js
<br /> paragraph 7,Lender does not have to do so.
<br /> Any amouats disbursed by L.ender under thls pazagraph 7 shall become additional debt of Bo�r��er�s'cared by„t6hr d rW nf
<br /> 1 IOSINIDCIIL UAIC35 DO�I'OWCr NuY uuuc� atyw w�w�► w�u.o v:pu�W.....�................................._� ._'-"__---'--�-- -. _. -
<br /> � disbursement at the Note rate and shall 6e payable,vv�t6 interest,upon aohce from l.�nder to Borrower rcqucsting payment.
<br /> � 8. Mo�,age Ineurance.If Lepder required mortgage inswaace t+s a wnditioa uf making the loan secured by this 5ecurity
<br /> ; Instrument� Bonower shall pay the premiva�s required to mnintain the mortgage iasurance in effect. lf,for aay reason, the
<br /> mottgage�surance coverage required by Lender lapses ur ceases to be in effect,Borrower shaU pay the�remiums required to
<br /> abtain coverage substantially equiveleat to the mortgage insurance previously in eH'ect,at a cost substuahally�quivalent to the
<br /> wst to Borrower of the mortgage insurance previously in effect,from an niteraate mortgage insurer upproved by Lender.lf
<br /> ' substantially equivaleat mortgagc iaswance wvern�e is not available,Borrowcr sh:ill pay to Leader each month a sum equal to
<br /> � one-twelfth of the yearly mortgage insurunee premwm being pnid by Borrower whea the insurance coverage lapsed or ceaced
<br /> � to bc in effect.I.eador will accept,use und retaw these payments os a loss rescrve in Geu of mortgage insurance;.loss resen�e
<br /> � a ents ma no lo er be re uired,nt the o tion of Leader� if murt e iusuraace cover e u►thc nmownt and for the
<br /> � � P Y,m Y n6 9 P SaB a6 ��
<br /> penod thnt l.ender requires)provided by an insurer apkroved by Lender again becomes nvailable and is obtnined.Borrower
<br /> ahall pay the�remiums requvcd to maintain mortgage msun+nce m ct�ect,or to provide n loss reserve, until thc requircrnent
<br /> � I • For mortgage wsurunce eads in uccordance with any writtea ugreement betweea BoROwcr und Lcnder or npplicublc law.
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