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<br /> `` � �s� io��
<br /> The Funds shalt be held in an insdtution whose deposits ere insured by a fe�ersil ageacy, i�swmenxslity, or entit}i
<br /> ,. (insltsding l.ender,if i.endeT is surh an institution)ar ia ssmy Federai Home i.oan Banic.Lender shall appiy the Funds to pay the
<br /> Facrow Items. Lender may aot chdrge Borrower far holding ar.d appfyiag the Funds,smnually analyzing the escrow account.ar
<br /> verifying the Escro+v Items.unless Lender p�ys Bomawer interest on the Funds and appliqbte law permiis t.ender to make such _
<br />_ a charge.}fowever.Lender�y requine Borrc�wer to pay p an�time charge for an indeper.sient mat estate tax rcporting service -
<br /> used by Lender in connection �vith ttus taan, unless applicable !aw provides athervrise. Unless an agree�ent is made or
<br /> agplicabl�e!aw cequires interest to be paid.Letedtr shaq rtot be reqnired to pay�orrow�zr any interest or earmngs on tf.e�u�s.
<br /> t Borrower and Lender may agree in a�riting,however,that interest shall 6e pa�d an t�e Funds. L.ender shail give to Sorrocver.
<br /> • �vithout c4arge. an unnuvf ascountins of the Funds. showing credits und debits to the Funds and the p�+rpose for which each
<br /> debit to the Fun�s K�as made.The Funds are pled�ed as additional secwrity for ull sums secured by this Secvrity Instnune�.
<br /> If the Funds hetd by Lender easeed the amoums pemvttod to�e held by applicable ta�v,Lender shall account to Bono�ver
<br />, for the excess Funds in accordance with the r�ec�uirements of applirabte law. If the amount of the Funds held by l�nder at any
<br /> � ame is not suffieier,t to pay the Esrrozx ltems when due,i.ender may so notify Borrower in writing,and,in such case Borrotiv2r
<br /> -��_ shall gay to ixnder the asnnant neces�ac}+ro make up the deficiency. Borrower shall ma�e up the defcciency in r.o more th�n -
<br /> twelve momhly paymeets,at Lender s sole discretion. '
<br /> Upon payment in fui� of nll snms secured by this Secariry Instrument. Lender shall promptly refund to BorrocvE�any
<br /> Funds heid by Y.ender. If,�der paragraph 21. Lendet shail ac�uire or seil the Property.Lender.Qrior to the acquisition or sate
<br /> •���,:, of the ProFerty, shall apply any Funds held by L�nder at the time of acquisiuon or sale as a credit against the sums s�cured by
<br /> • this Secanry Insirument.
<br /> "` 3.ApplIcation of Payments.Ualess applicable law provides otherwise,all payments received by Lender under paragraphs
<br /> 3 and 2 shall ise appliod:first,to ai�+pre�ay�ent charges due under the Note• seooad.to amounts payable under paragra�sh 2:
<br /> third.tn interes¢due;fanrt7�,to principal due;a�d tast.to any tate chaiges due under the Note.
<br /> . . Q.Cisapg�si 1.ts�s.Boimwer shall pay all taxes,assessments.charges,fine.g and imgc�sitians amibutab2e to the PraF�rtY
<br /> which may attain prioriry over tHis Securiry L+�strament. and leasehold payments or ground rents. if any. Borrower shall pay
<br /> these obligadQns in the manner pmvided in paragraph 2.or if not paId in thai manner.Borrower shall pay them on time directly
<br />-� to the persan owed paymenR.Bormwer shall pmmpily fiunis6 to Lender all notices of amounts to be paid undar this paragraph. :
<br /> � If Borrower makes these p�y�ents direcdy,Borrower shall pmmpdy fiunish w I.ender receipu evidencing t6�paymenu. •
<br />/.'.:.��`. Barrower sball pra�rs�y discharge a�ny lien which has prionty over this SeQUity Instrument unless Borrower:(a)agmzs in
<br />,:->ft�. wciting to the gaymena of�obligaticxm s:�cured by the lie�n in a manaer aroe�table to Lend�r:(bT comests in Saad faith the lien
<br /> '���� '� by. ar defends againsE eafarcement cf the lien in, legal pmc.eedings which in the Lender's c�pinion aperats to prevent ttn
<br /> • enfozeement of the liee�x;ca�c)sewres fcom the holder of the lien an agreement�actory to Lender subordinating the lien to
<br /> this Seivriry t��1RZ�'*E fi�Lender detemnnes that any part of the Progerty is su4;,�t to a lien whIch may attain priorIty over
<br /> t�is Seauiry Iasuument,Lender may give Borrower a notice identifying the lie��rrower shall satisfy the lien or take one or
<br /> ;-� , mare of the zt�c�as set.forth above witBin 10 days of the giving of natice.
<br /> � •, 5. Ha�ras3 or Praperty Insuranoe. Boaower shall keep the i�smvements now existing or hereafier erected on the
<br /> .. Properiy insttrad against loss by fire, hazards inctuded within the t�m "extended covetage"and any other hazards,including
<br />.. floods or flooding,for w6ich 1.ender requires inswacce. This insurance shall be maintained in the amounts and for the periads
<br /> � �►at E.endzr requires. 'Y'he insurance caaier pmvid.ing the insurance shall 6e chosen by Borrower subject to Lender's approval �
<br /> , wtrich shall not be u,nrea..�nably withheld. If Borrowec:fails to main�ain cover-.Y,;e described above,Lender may, at Lender's
<br /> opdon,obtain coverage G�!Favtect I�nder's righta in�lPsoperty i�saord�nce v�r►t'h paragrap8 7.
<br /> `�. Ail insurence pe�r<zs and reasuu:[s shall b$acceptafrle to L.�rter and shall include a�iu�ard mortgage clanse. l,�t.�r
<br /> _ shal!bave ttrz u=�bt t�ac•'.W�e poliv��d renewals.If Lender r�y�,Borrower shall prot.,s^�v=give to I.endet al!recei��f
<br /> paid premiams and reix�3•'<nodces.In the eventof toss,Baauwer�"JI give pmtsq�t notice to t:e insurance cazrier and Leris}zr.
<br /> . Lender may make praof of,-ass if not made prowpdy by Sorrower.
<br /> • Unless Lender aad g�ruwer otherwise agree in writmg.insn�,Prace�d..��l,ell be applied to�storation or��epair of the
<br /> property damageA,If the reswration or repair is economicaily feasi�ie�d Ge�.�,ac'�S_ecurity is coL lessened.If t�he resWratio��r . :
<br /> repair is not econoatically feasible or Lender'a securiry would Ise[�s^rd,t�e�i��ance proa�ds shal!be applied to the ga.a�
<br /> secured by this Security Instrument, whether or not then due, r:i.t3�:u.�y e�cess paid to Bor��r.If Borrowea a6andons���
<br /> '" ' Property.or does aot ans��er within 30 days a notice fram I.en��LTMSt the ins�~.wre carrcer has offer�to seitle a claim,ttten .
<br /> ` Lender may collect the iu:,farance praoeeds. Lender cM,,.� use t'ze yroceeds to�ir or reswre the Propz�tu or to pay sums .
<br /> ' secured by tl�is Security f��ument,whether or not�-��•:;�e.Tite 3(?-day period R�si3 begin when the aotice is g:ven.
<br />'.;.,,... Qnless Lender and��rrower othess�+ise agree in writing, ��application of pmceeils to principal shall not extend or
<br />..``;, ;:e postptme the�ie dat�of thc mantiily �,ir-yments seferrd to in F:..^:*.;�.�-aphs 1 and 2 or cha^�,�;k'�e amaunt of the payment�. If
<br /> �;>.., w under paragraph Zl ttae Pro�rty is acquired by Lender.Borrower's r,ight to any insurance g����es an�pmceeds resulting from
<br /> . damage to the Pmperty prior w thG aca�uis�don shall pass w 1.ender tfl tfle extent of the�sums secured by this Security Inmument
<br /> � , }� �immediately prior to tLio u:�uisition. ��
<br /> , '� 6.�Qrcupanc9,P�rseu�at�on,MaintenAnoe�td Pratedlon of the Feopet�,i�orpuwer's Loyn Applkatlon:Leasel�tds. �
<br /> : ! Soirower��rsll.oaupy.�s'.�lish,and use the Property as Borrower's�srincipal residence witlun sixty days aftet the eaecauNon of .
<br /> this Sec�u�:!y'F�.smntieat end ahall�con�inue to occupy the Property�Borrovrer's principal residence for at least one year after
<br /> ,�� �?' �lte date i7B«:�uparc�cy,unless Lender othetwise agrees in writing, w�iGh wasent shsill cmt be unreasonably withheld,or nnless
<br /> •. ;. � extenuatiad ciscumstances exist which are beyaad Borrower's conuol. Borrauver shali not destroy. datn,�pe or impair the
<br /> ' ..��', Property, allow the P►r to deter�orate. or commit waste on the Propeng. f3orrower st�all be ln def�s;f amy forfeiture . "
<br /> � action or prooeeding, ��� ther civil or criminal,is�in that in Lender's goed;C�.:fi jvdganent conld resut:ir�#'orfeitwe of the
<br /> � ; Property or otherwise�::.rially impair the lien crea:ed by this Sec�zr_ty Insun�e:�t or Lender's security interest.Borrower may
<br /> ,� -• # cure such a default arid reinstate,as prujai�ed in part»graph 18,by caw�:.^g the action or praceeding to be disavssed with a ruling
<br /> : that. in Lender's good t'aitb deteim:.r-�tirsn, precludes forfeiture�:tF�:t Bornuwer's interest in the Pcoperty or other material
<br /> . �_� � impaitment of the lien created by this Security Instrument or L���s sec�r�ty interest. Borrower shall also 6e in default if
<br /> ;: Bomawer,during the toar.appliration process,gave materially false or inacau�information or statements�to Lender(or faited
<br /> to pmvide Lerxler wirT�amy material information)in wnnection with a�,e to��y�ri�nec�A by the Note,including,but rrot limited
<br /> ' to,re;sresentanon�conceming Botrowet's occupancy of the Property:s a pria 'cr�l residence.If this Secarity Insuument is on a
<br /> ,{. Ieasehold. I?r.Ttower shal! comply with all the provisions of the C.tise. 1f Borrower acquites fee title to the Propem. c��
<br /> " leasehold rtm�t�'te fee title shall not merge unless Lender agrees to i�..:�erger in writing. �
<br /> � f� 7.pt'�f.actioa ot�endet's Rtgh4s ia the Properry.if Boaoc��r fails to perform the covenaats and agreements contaiaed in
<br /> *his Security�s�swm+�ntF or there is a tegul pmce�iir„that may significantly wt�'�ct Leader's rights io the l�ivperty(such as u
<br /> ;:�' '. �rcocaeQing in bankn�st��,,probate.for condemnatfc��.nr forfeIture ar to_enfarar 1Wars or re�ulations). thes F.�der may do sed
<br /> �<;; ,;� pay for wt�atevet is.w:sary to proEect the value of the Yroperty and Lends:"s rights in the Property.L�w-�der's actions may
<br />�;:�;'�:: ; iaclude po�ing any sums secured by a lien which has prioric}+ nver this Securiry Ins�r.t. appeanng in wurt. paying
<br /> .� . -�. r�easonable attorneys' fas and entering on the Propecty to malce e�n;rs.AIthougb Lender ma��cake action under t6is paragraph
<br /> 7,Le�der does not have to do so.
<br /> •� Any amnunts disUcrse�by Lender under this parag�aph 7 shall become addiaonal debt of Borrower secured by this
<br /> ., � Security I�utrument. Unl�ss Borrower artd Le�er agree to oiher terms of paym�ent,these amounts shali bear interest from the
<br /> � . date of disbursement at the Note rate and shall 6e paya6le. with iaterest. upon nodce from Lender to Borrower requesting
<br /> payment.
<br /> 8.Mortgage ISSUtagce.If Lercder mquired mongage insuiamw as a ooadition of making the loan secured by this Security
<br /> � '. Inswment, Borrower shall pay the premiutns required to r�*-Ta+n the mortgage insurance in effect. If. for any reason. the
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in effect.Borrower shall pay the premiums requiaed to
<br /> ' • obtain a�verage substandally equivalent to the mortgage insusance previously in effect,at a wst substantially equivalent to the
<br /> . cost W Botrower of the mnngage insurance previously in effect. from an altemute mortgage insurer appmved by Leatder. If °
<br /> • . � raao z o+o Form 3028 9/90
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