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<br /> The �urtds shall be hetd in su iastitution whose deposits are insured by a fedtiral �gencY. inscrumcntalitY, or eaeity ��F`
<br />° ° (itt¢luding Ixnder.if i�emder is such am insdtudon)or in any Fedesal Hame Loan Ban[s.Leader shall apply she Funds to pay the . 6_
<br /> F�cror�Items.I.�ndQr may r.ot charge Borro�cer for halding uad applying the Fuuds.9an►�a11y aaalYang the e�;cr°w account.or �-.� -
<br /> uu
<br /> vcrifying the Escrow Ite�.un4ess Ler�der pays�orrower mtemst on the Funds and applicable taw pemuts I.ender to makt such =__--
<br /> . o c�large. f�owevct.i.encier may r�,qoire�vrmwer to pay a one�tir-�e�arge f�r aa i��'at red�e ssx r�vm�g�erv�ce �r=-;
<br /> ucabi� law rovides otherwise. Upless an a ttcent is made or �'"
<br /> �d 6y i,snder in wnaestion with ch�s lQan. wiltss aPP p � ��'�'`;
<br /> aFplic��tblc law requIres intenst to be paid.Lendea shall aot be required to pay Borrower any int:.rest or earam�s un the Funds. ______
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<br /> ` Borrower und Leasfcr ma agree io wzitin . hou�ever. that interess shal!be paid on the Funds. Lender shall give to F?orrower. ��:�
<br /> without ch��e.an aannuayl accoumting aF t$he Fuads,showin�cre�its and debiu ta th�Fus�ds ant!the pncpose`or which each ��-`-_`=�
<br /> debit to the Funds was made.Tt�e Fw�Ms are ptedged as additional security far xll sums secured by this Security Inscnunent. '``'
<br /> ' IF the Funds he:d by L.ender exceed the amounts permitted ta be held by applicabte law.Lender shall a.ccount to Bnrrower �'"�'��
<br /> '� for the excess F�rtds in ar.snrdaace with the uirements of agplicab2e law.If'the amount of tiis Funds he l d by L en d e r at any �,.
<br /> -} t�o is c�t su�ci.nt to pay the Fscmw It�s a en due. Lender may so aotify Borrower in writing.and,ia sach case Barrower �,;,_
<br /> �� ��' shali pay to l.endes the amount necessary to make up the def�ciency.�orrower shall make up the defic�ency in no inose tisari �`__�
<br /> t�velve monthly payments.st I�ea�er's sofe di�cretion. =-,u;,
<br />� � Upon payte�ent in full of�1! svms secured by t[us Secnrity Insmiment, ixnder shall promptlY c�efiind to Borrower any -`�'���'
<br /> " , Funds held by Lendet.if,ur.dQr paragraph 21.Lender shall atquire or setl the Property,Leader,prior to the acquisidon or sale . �*
<br /> , � of the Pnperty.sholl apply any Fureds he�d by LeMer at the time of acquisitian or sale as a c�+edit against the sums sec�ued bY _ ,
<br /> � Y� this Sscurity tastrument. � �-��
<br /> 3.Apptleatfo�of Ps►yments.Unless applicable law provides otherwise,a11 pa3'ments recei���y Lender under paragraphs
<br /> � •'t
<br /> • ' 1 and 2 sha11 tie applted:fits� to auY prepayment charges dua under the Nate;seco�,to amnr��ayabte�uider paragraph 2: ,,s ,
<br /> t�ied,to interest due:fau�.to psinci�al d�':�last.m anY Iate charges due under t�Nate. {��ti.�,;�
<br /> 4.Cbaeges:Idefls.Barmwer shall gay sIR taxes.a�essments.charges. fines�impositions attrIbutable to the Property �.��,�
<br /> whicA rn�y�ttair►priority over this Securn�r F,��unen�.�leas�o!d�g�nts or grouad ren2s,if a�r. Bormwer sh�ll� �,;..
<br /> ' th 3e ohffgatiun.>in the manner pmvided taa�.��.�,^r��Z,ec��ec�2��nm�at manner,Borrower�Ji pay them on time dir°..�tlh� _,_
<br /> to the person mvedpaytaeat.Borrowe:s6ap�'��'dy fu�t��e s a'�a no t ices o f amo u n t s e s��r i 3 a ader t�is p a r�iz: �,.;;:":
<br /> If�orrower m�lces these pay+menu directly.�e.-soc���S�li��=vmptiy fiu�s�to���iP�����=Q�'s��n�. „
<br /> Borrowet shall promptty d�scharge any Gea�wt�i:�.��as priority over this Securit;��stn��L-:�s Eo�vr�a={a)agnees in ��,,•
<br /> . wtit{ng to the payment of the obligatidn secured by the Eien in a manner acceptable t�T.ender;t�����s'm go�c�fait6 the i'sen _ ;,�,
<br /> � by. or deFends agaiost enforcen►ent of the lien in,le�al praceedings which in the Lender's q�:on c�perate to prevent the ______ _
<br /> enforcement of the Iten;or(c)secures from the h�tder of the i�en an agmement saasfactory to Y�oa6�r saburdinating tlte lien to
<br /> this Sccurity Instntment. If i.ender detet�vnes that any part of the Propecty is subject to a lien�ch may attain pnority over
<br /> � t!►[y Seeuri Instrumeat. Lendet may give Borrower a nouce ideirtifying the lien.Borrower shall saiisfy the lien or take one or �_��;�_
<br /> � nwre oF the acttons sei foi4h ubave within lb days of the giving of notice. ��'
<br /> �� � o= p�p��y Insuran�¢� Borrower sha11 keep the improvements now eusting or hereaftes erected on the ,__.
<br /> ,. Property Insvred dgvnst loss by fire, hvards iacludrd within die term'extended coverage"aad any other hazards, inclt�ding
<br /> �-�-�
<br /> • fldods or floading,for which Lender requires insurance.7'his insw'aace ahall be maintained in the aznounu and for the periods ;�
<br /> thai Lcndcr requires.The insurance c�rner providing tt►e nuurance sh�3 be ctiosen by Borrone=subject w Lender's approval
<br />. whteh sRall not be unreason�bfy withheld. If Barrowea�ils to maiu'.ain coverage descn'bed J�ax�, Le�er may,at I�nder's �'_
<br /> option.obtcdn cov.rega to ptuteet Lender's rights in t�ae l�co�erty iu aceordance with�a�aF�?. , ,�.
<br /> ' All insumnce poltcies and renewals shal{be acar���:e to I.ender and shall in��a��:.rd morag�::w�se. Lender �`�_
<br /> Bhall havc the right to ftatd tke poltcics egd renewals.I�'Lender reguires.Borrawer s�:s:i pro-r�tiy�ve to Len�l�:all receipts of =
<br /> p�►i8 prcmiu.�►tg and ren..wal aoti¢es.In tEt�e�-e�t of loss.Borrower shall give prompt not'sce��'�nsnrance c�rrier and L,ender. �_--;.
<br /> l.etwicr may m�ce prao�of loss if not m�rde�tr�dy by Borrower. . �_
<br /> .. .. . Untess Lender and Horrower otherwis%a�m anxting.insuraace proceeds���ap��B ic3i restoration or repair of the �
<br /> NpppenS►dam�ScQ.if the restoration or repair is ewna�alty feasible and I�nder's strc�=ritY is mn tessened.If�he restoiation or .
<br /> � t'�p�ir is tsnt economlcaliy feastble or Leader's security would be lesseaed,the in..�ce proceeds shall be aPPlied to the sums
<br /> � sc�omt Ay thfs Security Instrument. wtic�►er or not tinen due, with�y exc2ss paid to Borro�•:x. If Borcower abandons the �_��
<br /> � t�eoperty�'ar d�es nnt a�swer within 30 duys a notice from I.ene4er�tt tiu insurance carrier�s�ffemA to settte a ctaim,then
<br /> .� . � L,endtr may oollect the insurance psocceds. Lender may use the�:v��3v to repair or resmrr the Property or to pay sums ��--"-�::'
<br /> __ E��,�tt!by this�curit;Instn�ment,whether or not then due.The 3U�:y period�c�m�.n whz�'tt�e notice is given. ��:
<br /> - UN�ss Lender and Bomower oth:rwise agree in writing. ai!Yapplicatioa e�C�zeceeds.��sincipaf �^•ot extend ar C rr`
<br /> , pc►stpano thc due dato of the monthly payments refemed to in paragraphs 1 a:���cn change t'x emavat cir t•���ayme�s. If �; ;�t;:`
<br /> pc
<br /> � utKlei paragrxph 21 the Propersy is acqu�red by l�ender,Borrower's ri.4,,,�t to any s�:�ai�asce poPr.��:s aaid pzoc�s msWhng fmm
<br /> ^' � d�go tro tT�e Propetry prtor to the acquIsicion shall pass to I.e�sder to r4e extent af the sums 6�'��SY th�s Secunty instu�wat �`��
<br /> et
<br /> immedi�tcly ptior to tha boquisittan. ' ` °
<br /> � f.Oecuywt�cy.Pt+eservatk�n.Malntenattce and Ptotxtloa ot tb�Properhy;8orrowe�s.i#�srtrn+Appllcationt Leasei�3�.� .
<br /> ey k n
<br /> .. �u�wer chall esrcupy.estabIish,nnd use the Pe�operty crs Borrower•s prineipa3 n��atc.r,.ce w{thin sixtjr days after the exeeuaon of �—.."
<br /> s
<br /> � thla Sscurity Instcumen4 arid shall continue to accupy the Pcoperty as Borraaer s f�-"�iPal resideace for at least one year after
<br /> � tha tlate uY uccup�ncy.qnless Len der o t he n v ise�rees in wri dng,w S i�c o n s rn t s��a 1 1 n o t b e u n r e a s onabl y wlthheld.pr vnless
<br />� extttwANng cttcunutwtice9 exist wftich are beyund Bonower's conrral. Borrower s9ia11 not destroy. damage or impais.t�is ' �"�.
<br />� propetiy. �llow tfte Property to detet[orats,or commit waste on t h e P cope rt y. B orruwer s h a 1 1 b e in default if an y forf�s:me . '.�...:
<br /> �_ wCtian or prucexding.�w6ether civif or crimlm). is begun that in I.ender's good faith jud�mem could result in forfeiture o�'t?e ,,,,�,,:,:
<br /> praqcrty nr o�huwise matcrially impair tt►e lien created by this Security instrument or Lender's securiry interest.Borrawer may ��'H.
<br /> � Cut+e r�cD a def�ult and tCinstate.as pmv[ded in paru�raD618.by cansing the accion or proceeding to 6e dismissed with a ruling • ��:'.',
<br /> � th�l. fn l�enQer'a good fAGb detenninatton,�rscludes forfeiture of the Bosrowet's interest in the Propesty or othes material `�';,".
<br /> (mp�timtctw o1 tttc Hen created by this Stcunty lnstrument or I.ender's securiry interest. Borrower shall also be in default iF
<br /> H�Hruwtl�.dutio9lho Icwn�pplication process.gave materiully false or inaocurate informatIon or statements to Lender(or faileA �
<br /> �. to provide Lcndct with uny rttaterlal information)in conn�tion with the loan evidenced by the Note,including.but aot limited —_s
<br /> ' to,�rprc�emations coneeming Rorrower's occupancy of the Praperty as e principal residence.If this Security Instrument is on a �4;,:._.
<br /> �ezKCtu►Ip. 1lotmwct sh:tll com 1 with ull the rovislons of the lease. If Borrower acquires fee ritle to r�� Pcoperty, the 't=`;
<br /> � . ,,y Ie�t�k2 Qnd t0e fcc tiaic ehall npoi merge unless Lenc.►erngrces to tha rrkiger in writing. . �. ��',:�'
<br /> 7�pratuct{�n�1'i,t�der•s AlgLts ln ihe Pmperty.ff Borrower faito to perform the coveuants and agree�ents canuune�k in
<br /> thl9 Stsuttty Instrumc�tt.or thcre is a legai pnoaeding that may signi6cantly affoct Lender's rights in the Pe�a�erty.(sw:l��ru�.� �,m,�;
<br /> ' � pmceedin In baniuuptcy,probate. for condemnatlon or forfeiture or to enforce laws or regolations?.then L�-..�er rr,ay d��f __,_
<br /> • �:;��::
<br /> ��y fot w�atever Is neces�ary to protcct thc vnlue of tho Property and Lender's righu in the Property. Lectd...�r s actians may
<br /> s�kt�du {�ying any bums Fecured by a lien which has piionty over this Security Instrument. appeanng in court, paying ��;`
<br /> � �ea�a�iatrlo alt�meye'Cecs�stid cntering un the Property to m�ice repairs.Althoug6 Lender may take action under this paragraph =-�
<br /> . �,i�c�xkr ch►c�nn+nWV�co ao s��. �
<br /> Any e�n�►umy d�sbursc+f by Lcnder us�dec this par�graph 7 sha11 become addidonal debt of Borrower secured by this �:.-.
<br /> SccuYlty Itutrunknt. IJnlcsv [iorr��uer�nd Lender agace ro other terms of paymeno.these zmounts shall bear interest from the `=-
<br /> � d�te oY diShuPr;cnknt ut thc Note rate arts sh�ll be payable, with interest. upon noticc from l.eader to Borrower reqnesdng ; �._
<br /> �' �ymcnt. ----
<br /> 0.!►1cNt�e 11l��i�onre.it t.cnder rcyuired martgage insu�attce us a condition of making the loan secured by this Security _
<br /> friatrunxn�, lk�ra►w'cr ahall pay th�premiums rcrluircd to mvntain We mortgage insumnce m effecc. If. for any reason. the �
<br /> �ur►pg�ige imurun:o cnvcra,4;e requirsd by l.cnder Io,Qses or ccases to be in effect.Borrower shall Qay the premiums required to
<br /> �rhtain c��vera��bu64tautinlly c�uivnlem to�he monguge insuransc previously in effect,at a cost substantially equivalent to the � �_
<br /> • c«�I[{�If+�rrou�r ot thn m+�rtaogc in,uranoe previously in effect. from an ultemate mort�ge insurer approved by Lender. If
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