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<br /> 7'he Fwxlc a�ull be hcld in an iiutitution wfxue .k�x�sits arc in.wr�d by a tidcrll •rg:n:�•. �n�trun�cniality, �x er.tity
<br /> I��xlu�linu[.r��xtcr,if lxixlcr iti such un institutionl�,r in any Fr�lcrat Nunx Luan Banl. L.cixfer tihall appiy �h�Nuixls ti��5'the —
<br /> �i,►w lt�n�,. I.c��J:r rruy�nat chargr&�rrouer t��r hotding aixi applying thr Fwxl., aauuaMl�•Kn.+ly�inti�ik�.rruw�r:�wuu.o� _
<br /> ��II�}�lil�lll: I.S:iUK'IIGI�.�,unlcss Lcnder pa}-s&�rroN•er int�rc��i�r�the Fuix1�:atxl ap�licablc law��rrn�its Le�kler to m:tke auch -
<br /> a�h:uge. Hi,u.ver. Lr�xicr nuy rcyuirc&�rr��ucr tu pay a on�-tint�:chargc tor an irui.�.txscnt n,�l est�te ux re��ning scrvirc _
<br /> UX`a U}' I.ClKJC� tll «��uw�ilvil kiiti t�'ii: �i1;.it. L•iLI.S ��.'�1�::8�J1� Is�y rmvi�ivc I�IFu�n►rlv�_ u11�Ct� Lll YLlCCCIIk`J1I 1� 111�1�t. PI' -
<br /> �ppUcat+le Iaw rcyuires inte��t ta be 4�aiJ. l.ender xhall�ux tx rWuired ta p:►�• Borrow�er a�iy inten:t ur eamin�ec on th�Furxl.r•.
<br /> Bc�rn�w•tr s�n�l Ix�xler nuy s►gra:in wnting. how•e��er,tlwt interest tihal! be paid on the Funds. I.�txier shall give t�� Sc�rrav�er,
<br /> withcwt chargc, an nnnu•rl uc�y,unting of thc Fwx�v,�wing cr��fit.a�xf J..bits tu dic Fun:iv artid tt� purposc tor w�hich e�ch -
<br /> �tchii tn th:t'ur::�w�m-r:l:. T'x�it+►ds sre�-ledged as acklit+a�l�,.urity Fcu all suntc scxurc,J bV lhis SCCUrity Iastruntcnt. _-
<br /> If thr Funds Itttd by l.e�uier exceecl the anxw��is perr�:itt�d to�ne held hy �lirable law.Lcncler�tull ac«wnt tc�Borrou•er -_
<br /> P,�r che excess Funds in acmrdance with thcrcquirerr�ents of applicable law. If the anxwni of�hc Funds held by L,cncf:r al :uiy
<br /> tin�e ic nut wfficient to pay the Escrow Itenu when due.Lender nuy sa rxuify Bo�ruw�cr in writing,and,in su:h c:asc Borrowcr =
<br /> �I! �►ay to Lecxfer the amount nucessary to nul:e up the deficieiu:y. Borrow•er shall mal:e up the deficiency in au nxire tt�an
<br /> tw•ehe nx�nthly payments,�t Lender's ac�le discretiori.
<br /> Upan payment in fuU of all sumz secured by this Securit�instrunxnt, Lender shstll promptly mfund to Bormwer any _
<br /> Funds hcld by Lendcr. If,under paragraph 21.Lender shall acqwre or sell the Propeny,I.e�xicr,prior ta ehe xquisition or sale
<br /> of the Property, shall apply any Fuads held by Lende�at the time of acyuisition or s�1e as a credit against the wms secure.d by
<br /> ttus Security lnstntcr�ent.
<br /> 3.Ap(�ljcatioo of Pay'Raeats.Unless a,pplicable law pmvides oihcrwise. aii paytnentc�cccived by Lerxler w�i y�ag��p�s
<br /> 1 and 2 s1�a11 be appliecl; first, to any prcpa�-ment charges due under the Note: second,ta amounts payabtc under paragr.�ph 2:
<br /> third,tu interat due:fiwrth,to principal due:and I:.st,to any tau ct�uges due under the Note.
<br /> 4.4'harges; Llenc. Ho�rou•er shall pay all taxes,assessments, charges, fines and impositions attributable to the Property
<br /> whirh may attain priarity aver this Socurity Instrument, auxl l�sehoW payments or graund rents, it any.Borrower s}�all ps� -
<br /> these obligations in the manr�er provid�d in pangraph 2,or if not paid in that n�r.Borrua•er'sh�ll pay thc:m on time direcdy
<br /> to the person owed payment. Borrower shall promptly furnish to Lender�ll notices of urwunts to be paid under this pant�raph.
<br /> If Borrower m�lces these paymetus diratly.Borrower sliall prom�tls furni�h to I.ender raceipis evidenciag the pay�uents.
<br /> Sorrower shall promptly disct�arge any lien which hac pr.onry over this Security lnstrumenc unless Borrower:(a)agrees in
<br /> writing to the p�yment of the obligation securod by the lien m 3 maruier xceptable to Lender:(b)contests in good f�ith the lien
<br /> �r, �:;:.�::s ag�ir� :.afo.�..^�• ef:!:e �fien ir_, leSAl p!'t+t't'!r.lin�c which in the Lender's ooinion aoerate to Drevent the
<br /> enforcement of the lien;or(c)sxures from the holder of the licn an agreemera satisfactory to Lender subordinzti�the liea to
<br /> tEiis Security Instcument. If Lender dete�min�s thai any part of the Property is subject to a lien which may attain�nority o�er
<br /> this Savrity incinunent. Lcnder may give B�rrower a notiee identifying We lien.Sorrower sltall satisfy the lien or take one or
<br /> more of the acfions set furth above within 10 c9ays of the giving of notice.
<br /> 5, Hazard or p�+opnty la�vrance. Botrower shall ke�p the improvemenu now existing or hereafter erecud on the
<br /> Property insurod agaitut loss by fire.hazards includarl within the tertn "extended uoverage'and any�ther h�,ards. including �
<br /> tloods or�laoding.for which l.encier requires ins�:rance. This inwr�nce sball be mainuaned in the amounu and for the periods
<br /> that l.�endtr raquires. 'Ihe insutanre carnec�x'aviding the iusura��shali h. chosen by Borrower subject to Lendsr's apfx+ovst
<br /> whi�h shall not be uturisonably withheld. If Boreower fails to mainttin coveragc described above, L.a�der may. at i.cadcr's
<br /> optioo,obtain oover�ge to pt+ote.Y I.ender's rigRts in the Pcoperty in accordancc with pangraph 7.
<br /> All insutance policies and renewals shall be aocepiable to Lender and shall include a standard mongage cP,�rtsr. l.en+i�r
<br /> sf�all fuve the right to hold the policies and r��newals.If Letder rcquires.Borrower st�all promptly gi�e to l.ender a�➢raeeipts of
<br /> paid prcmiumc u�d retxw�l notioes.In the event of lou. Sonuwer shall give prompt notice to the irsur�na ca�rier aad L.ender.
<br /> Leader tnay m�lce praof oi loss if not rttade p[ompt]y by Borrower.
<br /> Unless I,eu�kr a�x!Borrower aherwise agree m wriring.inwr�e ptoceeds st�all be appl'ied to r�tontion ar�ir af We
<br /> p'�np�pri dam�goci,if the rcstoratioa or re�air is evonomically fcuible and leader's securiry is rat lase�ed.if the restoratioa oe
<br /> . ----i+�piir is not esonomically feasible or Iinder's security woWd be[essdxC. trie ttLau�noe�cee�s saaii oe appiiad w siie s�ms �- --
<br /> secured by this Savrity IRwment, whether or rwt then due.with any exoess paid to Bortower. If Boaower abu�donc the
<br /> Pcnpaty,or does not answer within 30 d�ys a notia from l.ender that the inwrance carrier has offerod to sdile a elaim, then
<br /> I.rnder may wllect the inwrano� proceods. Lender may use the p►�oceeds to re{�air or restore the Propaty or to pay sums
<br /> secured by this Security Iactiument,whaher or noi then due.The 30day periad w;ll begin when the notice is grvrn.
<br /> Unless I.asder aad Borrower otberwise agroe in writing.any a�spl'u�tion of pr0000ds to principal stnll not extt�nd or
<br /> postpoae the due date of the monthly payments refetrod to in pu�graphs 1 �nd 2 or change the ariwuiu of the payments. If
<br /> uader patagtaph 21 the Pcop�a�ty is xqui�d by Ir�der. liorrowa's right to any inwruxe policies ud prooeeds nsulting from
<br /> damagt W the Propaty prior ta the xquisition s6a11 pass to l.e�der W the ea�tent of tt�e wtus socured by this Securi4y Insuummt
<br /> ' ��Y P�'�the aoquisition.
<br /> 6,O�xvpaocy,Pf�ervatioa.btaintmaace and Pr+otectioa of the Prope�ty;Bart+ower's I.o�o Appiicatioa;Lessebol8c.
<br /> Bortnwer sh�11 uccupy.esiablish.and use thz Pcoperty as Borroa�a''s Qnncipal ns�denoe within sixry days�fta the��teattion of
<br /> this Savrity Iastrumeat and sh�ll oo�uinue w oocupY the PropertY u Borrowu's principa! tasidence for at least one year�fta
<br /> tne date oi voaipsmcy.unl�s ix►■;er i,:s'��w:se ag:�;a s:�tit:s�3. whi:,h x:�•t�h:!�wN�•ts.�*H�r=bty.,»�1a,nr��nl�cc
<br /> exterwating circ�mst�ncac exist which �re beyord Bo�rawer's w��trol. 3orrower st�ll noc deuroy. dart�age or �mp�ir the
<br /> Property. a11ow the Property to deteriorate, or oommit wacte oa the Property. Borrower stnll be in def�ult if any farfeiture
<br /> action or proceed,ing, whettser civil or crimin�l, is begun that ia l.ender's good faith judgma►t•could result in forfeiwre of the
<br /> property or otLeEwist materi�lly impair ttae Fi�created by this Security iasirumeni or l.endet's security intenst.Borrower may
<br /> ceue such a default and reinstate.as provided in pangraph 18. by r.wsing the xtion or procoeding w be diunissed with a niliag
<br /> tPzu. in Lwder's good fvth detemiin�tion. precludes forfdtun of the Borrowu's intera�t in the Property or d6er material
<br /> iropairmeai af tt�e litn crtated by this Sxurity Irutrumeat or I.ender's secwity inierest. Borrower shall also be in d�fault if
<br /> Borrowu.duriag the loan application proass,gave materially f�lse or in�ecurrte infomtiation or statema�ts to L�et�d�r(or faiiod
<br /> to providt L.a�der with any material information)ia co�u�ection with the lo�n evidenood by thc Note. including.but not limited
<br /> to.represastuiau caaoeming Borrower's oerupanc.y of the Pnoperty as a principal residenee.If thls Securiry Instiumrnt is on a
<br /> lease�old. Borrower shall eomply with �ll the pmvisions of the lease. If Sorrower �oquires fce tiile w the Prnpaty, the
<br /> teasehold�nd the fa title st�all not r�xrge unless Lender agms to the merger in wriring.
<br /> 7.Prot�ct�on of LeadQ's Rights in tbe Propaty. If Borrower fails to perform tlse oovenanu wd agraments 000tained in
<br /> t�is Sec�rity L�stsument.or�er� is a legal proc�.ding tt+u may sagnifuaatly�ffea Ltrsdcr'e sights in the Praperty (wch�c a
<br /> proxeding in badcruptcy,probate,for condemaation or forfeipur or to enfora iaws or reguLztioac),thai i.ersder mry do arxi
<br /> pay for wh�tevu is t�escary to protect the v�lue of the Prope►ty and Lender's rights in the Propetty. Letder's xtioas may
<br /> include paying �ny sums secuted by a lien which has pr�or�ty over this Seauity Inurument, appearing in court, paying
<br /> reasonabk attorneys'foes and entuit�g on tM Propeity to ns�ka re�its.Although L.ealer mzy take action under this paragcaph
<br /> 7.l.eader does na have to do s4.
<br /> My �naunu disbursed by lxnder ur�der this par�grap8 7 sF�ill become adclitiot�al debt of Borrower secured by chis
<br /> Securiry Ir�urumau. Unless Bomower�nd Leoder agree to otl�er terms of payment. these �ntc stull btar interest from the
<br /> due of disbursenxnt at tbe Note rue �nd slull be pay�bk. with interest. upoa notice from ireudet ta Borrow•er requeuing
<br /> wy��
<br /> 8.Mortgage Imvraooe.If I.ender reqaired moRg�e insunrr.e zs�oondition oF msicing the loan securod by this Socurity
<br /> Inuru�tneot, Botrower shsll pay the premiums required to maintain the mortgage insur.uue in effect. If, for any rcacon, the
<br /> mortgage inwrance ooverage requirod by Lender l�pses or ceases tn be in effect, Borrower shall pay the prenuums requircd to
<br /> obuin ooverage substsnii�lly equiv�la►t to tht martgage insurince previoasly in effect, at �cost sa:bstanii�lly aquivzlent to the
<br /> eocl �o Bo([owu of Ihe mortgage inu�n�previously in effect. from u� altemate mort e�ge inwrer approved by Lender. if
<br />:= a.o.i.r� 6oew 3025 91a0
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