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<br /> ������ -- ....0 IM�11Y" —2er..� __ �_ . ..-��� � ...!
<br /> ,. . . � 92-- 10217`7 �.=:�t.�=,..�
<br /> . . ° Und�r n1�y.a1�ny tlm�.Co1�ct�nd hold Fundt N1�n�m0ut11 not/o wCNd ih�Ir�(rtNN11 �f1�o�u1!�Nndcr to►� f�dwallyl►N�t�d mWIQ�Q� •'r»r�+r.�:�,._---
<br /> n .,.._9-....—
<br /> . �an m�Y hquln ta Bortoww's �tcrow�ccount undw th�Nd�N RMI EdaU 8�ltN�n�nt Proo�dwM Aet W 1071 aa Mn�nd�d Irom tlm�to �;s•;:.:•;-�,�
<br /> � • n .�°4..- ..: t(m�� 12 U.8.C.2601 �t sp. ('REBPA'l�unMrs�nOlhr►I�w Ihat�ppArs W th�F4nd�sMr• IMS�r�mounl. N�o. Lend�m�y.tl�ny tNro� „, .,
<br /> . , , oaA�at��nd hold Fwds N m �mount not to �ca�d th� Muiw�noun4 l.mdu mh► «tYnt�tM�moun cl lund�du�an th� bub ot �_ _ •.•
<br /> ad
<br /> aurt�nt d��nd►MtawbM�atN�t«01�ndRura of 1utw�E�orow ftMns a othNwh�b�000rdM►a�wkh�ppAe�bM law. �`-`�^.,,..,_
<br /> �::�, . t=-.-: a�,�.
<br /> t �T . . 71N Fund�shU b�hNd in�n M�tNutlan whoa d�po�Ns w Inwnd bY�1�dMY p�noy.Instrum�nWlY� a �ntNY ((ndudnp Und�r.M - ' � �• _
<br /> � L«►du I� suoh m Ir►tlNutlonl a b anY F�d�ral MortN Lwn Bank. lmdrr sh�ll�pply tM Fw�dt to poy ih�Esaow Urns. l�ndw m�y not ,
<br /> � .. . ' ohNp�Bartow�loe hoklnp�nd�pplylnp th�Fund���ruw�ll/rwtytho Ih��suow �aoount,or vMMykf�Ih� E�uow It�np unMs�L�nda ; . , � _
<br /> _ ., p�yr 8artowo MNara�t on fha Funds�nd apple�bte I�w p�rmlb L�nA�to eeNk��uah w ahrrq. Howrv�r.I.�+dr mry nquk�Bortow�r to 1
<br /> „ p�y s on�tMn�ah�rp�1ar m Ind�p�nd�nt nN hul�Wc npo�Wip �wvla us�d by Lw�do In aom�otloo wGh thh Iwn.unlws appiabU ww . -
<br /> " provWn olhrwla. UnIN� �n ��MnNnt Is rtNde a �ppNc�Dlo I�w nquins N�iw�sl b b� p�ld. Lwidr �hW nol W rpuk�d !o p�y i �
<br />- ^ 8ortow�►nly kltwNt Or Mmklyt on IM Fund�. BortowK�nd UrtdM m�y�qrM N w�Niny,howNw�ihot IMKqt�hdl b� pNd on th�Funds. ..
<br /> Lmd�r shaM qN�to Bortow�r, wMhout ah�rq���n�nnwl �cooun�^p o1 1h�Funds.fhowNp ahdts�nd d�bN�to Ih�Funds�nd th�puryow �
<br /> • far whloh woh dM�N to th�Fundr wn nMd�, Th�funds w pNdp�d a��ddltlaml MowNY for d wms s�aind by tM� S�owity InWrummt.
<br /> „ U tM Funds hMd by L�ndw uca�d th� �mounls pMmitl�d to b�h�ld by appYabM I�w. Under �h�M �ceount to Bortow�Iw Ih� �
<br /> ' � aoa�Fundi In a000rd�na wqh tfu nqukMnmts o1�ppNabl�{�w. I1 th� amount ot th�Fw�d� h�id by Und�r�t any thm Is not wfAdmt ' -
<br /> ^ , „ to p�y lh�Esaow ItNm wh�n du�.Und�►m�y so notHy Bortow�►In wdtinp, and,b wat� au� Ba►owK shd pay lo Und�th�unount � -
<br /> moawy to m�c. up tM ddleNnry. 6ortowK th�M �rak� up 1h�d�Ael�nay In no mon tlw� tw�iv. monlby Wl�ents, �t lwidr', tot� �
<br /> dbenllon.
<br /> � WY�t b fW ol al suna acund by ihls S�ourNy InWummt. Landw shd pompW nlund to Bor►owa any Funds hMd bY ,
<br /> L�ndr. II,undK pmg+�ph 21,L�dN�h�l acquk�a sMl th�Prop�rty�Lender. Rb► to th��cqul�iNon ar�ale ol tM PropeAy.slwN �pply � �,�
<br /> my Fw�dt hdd by Und�r�t iho ikn�of�aqulsiNon ar sal��s�tx�Al p�inat ihe wms wquad by this 9�auiry Inawment. ~�.. .... �
<br /> . ' � 3. AppliCatlOR of P�y111o11b. Untas�ppYaabla I�w provldes otheiwiae.tll pym�nta recNved by Lender under puapniPhs 1 and ' ' . :.
<br /> 2 �haN ba �ppYal: Ikst,to any prep�ym�nt chuqes due undr th�Notr, second,lo rnounts payaW� undar puayraPh 2; thkd to Intarast { s �� �-`�:�-
<br /> dur,fauAh,to princlpN dw: �nd last.to any I�to charyes du�under lh�Note. F .. -
<br /> t :'��r:,'
<br /> 4. Char�s: LI�Af. Bortower eh�N p�y�U Wcea.atseiemenis. chargea,linee and Impo�lUons+�tUYwhble to Ihe Properry wMch m�y `';.-
<br /> �ridn prlority ovar 1F�Is Seeurlly InaWmont, �nd lee�ehdd p�ym�ts or qround renls. N any. Bortower ehall pay these oblip�tlone In the —
<br /> . m�nnx provided In pu�apraph 2� or b not peld In lhN me�w, Borrewk shaY p�y UNm on ikn� dlredly to ihe person owed payment. �� • __-
<br /> ur -
<br /> gortow�r sh�q Promptly pxnlsh b L�ndar �II noticea o1 amounts to b� pald undK 11Y� puapnph. II Borrawar m�kas thas� p�ymenis ' ;; �t�
<br /> dk�olly,Bortawer shd promptly lurnlah lo Landar receipts�ridendn9 th�paymanta. I�
<br /> t�y.:
<br /> gorronr�►�h�p promply disch�rps�ny pen which h�s prially over Ihls 3eeurNy InWummt u�teas 9arowec (a) �prees in w�tinp to the % �,,�'r
<br /> --. � - Q�ym�nt of ths obllg�Uon aacured by th� Il�n In �m�nne►�capUbb to Lender, (b) contests In yood i�Nh ihe Ilen by. a defend�aysfnat ��'i�'.'� �
<br /> l � ,.
<br /> ienforcMne�lt oi iFw Wn In,leyal proceodinpa whlch In ihe Lend�r'a opinlon operate to pnv�t ths enforcer�wit o1 the Iien; a(c)sacures irom ; - � :
<br /> Iihe hold�r ol tM Y�n �n�preanw'rt etlhl�dory to Lender subordinalinp the Ilen to thb 3�curfly Instrummt. If l.ender delemJnes thtl any
<br /> � part of ths Propaty b abJect ro a Nen which mey�ttafn priorUy ovx 1Ms Security Mst�ument,L�nder may pNe Bonower�notke Wantlyb9
<br /> th�Ilen. Borrower sh�Y�aUsy the Ilen a taka one or mora of the�etiom set foAh�brn�wNhin 10 daya o1 the giviny of notice. I `�' !
<br /> t � S. Hazard or Proporly In�uranco. 8ortowe►shM keep tht improv�tt now axiatiny or hwewfler erected on Iha Propxty � �
<br /> Insund �p�M�st bss by Are, hax�rda Induded wflhin ihe tam'�xtanded coven9e' md�ny oiher hu�rdt, fndudinq Aoods or Aoadlny, fw ;
<br /> whlah lender nqukes InwrancQ. Thb Insunnce sh�l be m�IntMned In tht amouMS�nd lor ih�psrlods thtl Lender requkes. The Naurance q
<br /> cartier providlnq ihe ineu►ance ehap be choaen by Bortowe►eub�ect to Lender'a �pprov�l whlah eh�ll not be unre�aon�bly wHhhald. II �
<br /> Borrower falla to mdntaN coveraye descdbad above, Lendar nwy, at Lende�'s opqon, obWn eova�ya to protect Lendw's �Me in the - _
<br /> P►operly In�ccurdance wllh ParapraPh 7. .
<br /> � IW k�eunnca pollciat and renexrals �hW be acceptabte to Lender and shaH indude� st�nda►d morty�pe d�uae. Lender ahall have ihe . �
<br /> rlyht to hold ihe poNdes�nd renewda, If Lender requlres,Bortowe►ah�M prompl(y give lo Lander aN receipts o1 paid premlums�nd renewal
<br /> noUcet. In tho event ot loss, Borroww ah� qhre prompt notke to the inauranee w►ia�nd L�nda. Lenda may m+ka prool ol b�s M not
<br /> mtdo PromP�Y by Bonower. .
<br /> Unlass Leoder�nd Borrower othawisa agree In writinq, Inaunnce proceeds ahall be �ppAed to rettorellon or repalr oi ihe Property _
<br /> dam�ped, N the rentontlon or rep�k ie economlcaAy teselbM and Lender's securiry la not lessened, II the reatomtfon or rep�ir is not
<br /> econort�Ic�My te�albl�or Lende►'a secwity woutd be lessened,Ihe Inauronce proceeds ahNl be�ppAed to Ihe suma securetl by thia 3ecwily
<br /> Inctrum�nt, whether or not then dua,with any excesa paid to Bortower. 11 Bortower ab�ndona the Property, or doea not�nswer wflhln 30
<br /> days� nodca hom Lendar that ihe inaur�nce carrler hes oMered to setUe a cakn,Ihen Lender rtwy colled the insuraice proceeds. Lander
<br /> , rnoy use ths proceeda to repak or restore the PropeAy or to p�y aums secured by thls Saeurky Inadumant, whethe�or not th�n due. The •
<br /> . 30�y period wUl b�pin whan tne �otke ia yNen.
<br /> . q� Unless Lender�nd Bortower otheiwise�yree M wrilinp. �ny epplicdbn ol proceeds to principsl ahM not extend or poatpone the due
<br /> �.� dde of the monihly p�ymenta relerred to in p�regrephs 1 and 2 or ehanqe the amount ol the payments. II under perog►aph 21 the PropeAy
<br /> la acquked by Lender, 8orrower's right to any Insurance policlea and proceeds resufllnq from damaqe to Ihe Property prior to the rcqulaltbn
<br /> � ah�U p�as to Lender to iha extent of 1he sums secured by thla Security InatNment Mnmedlately p�ior to lhe acqulsitfon.
<br /> 8. Occupancy� Prosorvation, Maintenance and Protectio� of tho Property►; Borrowor's Loan Application;
<br /> Lo�i�hOld�. Bortowa ahall occupy, eatabNsh,and use the Property as Bortower's p�lnclpol realdence wilhin sixty days after the executlon
<br /> of thla Sacurity InsWment and ahall continue to occupy the Property es Bonower's prindpal reeldence fa at least one year afler the date of
<br /> occupancy,unless Lendor otherwise egrees In writing.whlch consant sfwll not be unreaaonably wllhheld. or unless extenuatinq ckcumatances
<br /> exlat which ere beyond Bonower's control. Bortower shea not deelroy,demage a ImpUr ihe Property. Wlow ihe Property to deteriorale. ar
<br /> comMt waate on iho Roperty. Borrower shall be In defauh tl any loNelture actlon or proceedk�g, whether civY or criminal. Is beyun thal in
<br /> Lender's yood t�fth �udyment coutd rosufl In forlefture of the Property or olheiwia� matataUy 4npalr the Ye� aeated by this 3ecurity
<br /> ' Instrumant or Lendx's securNy Nterest. Bortower mey cure auch �del�ult end relnelAta.as provided In pua�nph 1B,by wuelnp ihe�cllon
<br /> 1 _ y_�i'��.�...a�w . ...u.... �ti.� �.. I a.l�.•�nnivl I�IIh `lalarminntbn erarJudas foAe{ture ot Ihe BOROWef�3 Interest In the
<br />� - vi Niiri.vitiii�y'Qv `ue �nm�.00.... ...... . .......ti ......� ..
<br /> i Property ar other mderlal Impalrment of the tlen created by thls 3ecurity Instrument or Lende�'a security Interest. Bonower ahall also be In
<br /> • detauft H Borrower, duMnq the loan epplicetlon process. geve materlalty lalse or Inaccurote Inlormelbn or atatements to Lender (or talled to
<br /> provlde Lender wRh any material Inlormeqon) In connection wllh the ban evidenced by Ihe Note, Including,but not IimNed to, repreaentatlons
<br /> concemk►g Bar►ower's occupancy of Ihe Property as a principel resfdence. II lhis Seeurity Inslrument is on e leasehold, Borrower shall
<br /> i comply wflh �N the provislona of the leaae. If Borrower acqukes tee Iitle Io the Prope�ty. the IeasehoW and the lee tftle shall not merqe
<br /> ' unlesa Lender ayrees to the merqer In wdting.
<br /> form 3028 9/9U
<br /> F�009,LM0(9/91) Pa9c 2 of 5
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