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<br /> The Funtl� st�.:ill be hetd in m� institutinn whc�se deposits are in�ured b� a P4ti1rFu! uge�x�y, in.trunknlalit}. ��r cntity.
<br /> (iiuluJing Le�xlcr,if Lctxicr i�such an instilutianl or in any Federal ilome la�•rn Bank. l.endcr�h:�ll up��ly�the l�u:xl.i�►jvy tl►e
<br /> E�rnti� Rcnu. Lcixlcr n�ay nut ch:ug�Borroµ�cr for ha(ding and app!}•ing ttu I�uiwl.,:Ull1UYII}'YIW�'/Illk;; lIk l'K'fi1K r�ti•�wtu,i►r
<br /> verii'ying the Escrnw[tems, u�tless l.esxier�+ays &+rmwrr intcrest on tiv_1=unds ux!ap�licahtc la�ti� p:nnri�l.r�xl:r te�nwil.c�u�h
<br /> a rhxrge. HoK�e��er, [.ender may require Borrox�er ta pay a onc•tin�c cturge ti�r:ui iiuic�:ixl�nt r:al c,t�s�t�4 r:�M�i'1111� Kf�li:
<br /> usecl by Le�xlei� in runiktiliun with this tav�. uniess applicable luw prc�vides iuhrrv:ise. Unle.� un agr.tinx�n i� n�:�k ur -
<br /> aDpliCablc law �equir�;s interetit W be paicl, Ixn�ler shall ruu Ix�rrc�uirEVl ta ru�y FLirr�iuer any i�ucre.t ur �arninu�uu Ihe I�uixlc.
<br /> &�rroK�er a�ul i.cnder may aficec in writing, hawever, that interetit chall he p:+id an ttu l�uixl�, l.��Kler �Iwll gi��tu 14or���wer,
<br /> withaut char�e. an annu�l xcounting of the Funds. showine creciit� suuf Jebit.r tu the I�uiw,J�:►ixl t�u Fwi�w�w f��r whl�•)i exl�
<br /> Jebit to the Fwuis was made. The Functs a�a pleulFcd:is adJitional scrurity fur ull�uni�xccurut h�• thia ticrurity In�irunxiit.
<br />` If ttu:Futxls hckl by Lerxier e�r�ed the airnwMt �ermitteci to t+e held by applir•rble I�w. Lrixlrr�I►�ll;�rc�wnt tn&�rruw•rr
<br />= fiu the excecs Fuixis in accordance with thc rcquirements of applic�5le law. If the anwunt�+f du �uix1. i�cld hy lx rWkr at uny
<br /> time is not sufficient to pay the Escrow Item.c when due,L�ender may su ixuify Borr��w•er in writin�, u�xl, in wch c•r.�e Durrowc�
<br /> slwll pay tn Lender thc amount necessary co make up the deficiency. k3orrower shall makt up the defick�uy ir�ix� nx►re tlwn
<br /> tu�elve monthly payrr�ents,at Lcnder's sole�iscretion.
<br /> Upon pay�xnt in full of aU sums sccured by this Security Instrument, I.etuier shall prompQy rcfuixl ti� &�rmwcr any -
<br /> Funds held by T...ender. If,under Quragraph 21,L.ender shall acquire or scll thr Propeny, Lciulrr,prior tu thc:uyui�cid�m or wlc
<br /> of the Prapeny, shall apply any Funds held by Let�der at the time of acquisition or sale:v u crcdit s�ainst thc sums �ecural by
<br /> this 5ecurity Instrument. '
<br /> 3.AppUes�llon of Paymenic. Untess applicable law providec otherwise,ulf payments receivecl by Lcnder under p�ra�ru�sh�
<br /> 1 c.,�i 2 s�afl i�,c ap�iir.�f: fi��i, tu:uiy prc�yuteiU ciktrges due urxler �he Note; seeond, co anwuttts payable under para�raph 2;
<br /> third,to interest du�;fourth,to principal due;ar�lact,to any late charges due under thc Nate.
<br /> 4. Ciwrges;Liens.Borrou•cr shail pay all taYe�. �ssessments, charges, fines and impositions attrihuwblc t��thc Prnpcny
<br /> which may attain priority over this 5�curity In,trument, and leasehold paynxnts or�round rents, if any. Borriiw•cr�l�all pay
<br /> these obligations in the n�viner provid:�i in�ragraph 1,or if not paid in that manner,Borrower shall pay them on tinx directly
<br /> to thc�+erson owed payment. Hurcower st►ai!promptly fumish to L.ender all noiices af anwunts to be paid under this par�ruph.
<br /> If Borrow•er makes these payments directly, Borrower shall promptly fumish to l.ender receipts evidencing the payments.
<br /> Borrow•er shall promptly dischatge am•lien which has priority over this Security Tnstrument unless Bonower:(a)ugre,s in
<br /> wr:ting to the payment of the obligation ser.uc� by the lien in a manner acceptable to Lender; (b)co�tests in good faith t!u lien
<br /> by. or defends against enforcEn�ent of the lien in, legal proccedings which in the l.ender's opinion aperate to preven� the
<br />_ enfcxcement nf the lieo;or(cl vcurec fr�m t}� ludder of th?li��an a;reesnent sAtisf±�ctory s�Le�±rr s���o.n..+ir.atinp iht !ien t�
<br /> this Security Instrument. If l.ender determines that a»y part of the Property is subject to a lien which rt�y attain priority over
<br /> this Security Instrument, Lender may give Borrou•er a notice identifying the lien. Bonower shall satisfy the lien or take one or
<br /> nu3re of the actionc set fonh above within 10 day-s of the giving of notice.
<br /> S. H�ard or �'roperty Insurance. Borrower shall keep the improvemenu now existins or hereafter croctcd an the
<br /> Prope�y insured against loss by fire, hazards in;luded within the term 'extendeci coverage" and any athe�•hazards. inciuding
<br /> floods or tlooding,for which Lender requires insurance. This insurance shall be maintained in tha amounts und for the periodc
<br /> that Lender requires. The insarance carrier providing the incurancc shall be chosen by Borrower subjoet to Lender's npproval
<br />_ which shall not be unneasonably�vithheld. If Borro«�er fails to maintain ca�•erage describ�d above. Lcrtidcr may. at Lcndcr'�
<br /> option,obtain coverage to protect L.ender's tights in the Property in acwrdance with paragraph 7. '
<br /> All insurance policies and renew•als shall be aerzptable to Len.ier and shall include a starxlard mortgage clause. f.ender
<br /> shall have the right to hold the policies and rznewals. If Lender requires,Bonower shall promptly give to Lendtr�l! ttceipts of
<br /> paid premiumc and rcnewal notices. In the event of 1oss.Borrou•er shall give prompt notia to the i�tsurai�ce carriu a�l.ender.
<br /> Lender m�y make proof of loss if not madc prompdy by Borrower.
<br /> Unless[.ender and Bonower otherw•ise agtce in wridttg.insurance praceeds shall be applial to restotation or rep�ir of the
<br /> Property danu�ed,iY the restoration or repair is ernnomicaliy feasib�e and I.�nder's security is noi lessened.lf the resioration or
<br /> repair is not�eaiwmically feasible or I.ender's security Wouid be lessened, the insurar�ce proceods shall be applied to 1he sumc
<br /> . SbCUt'0a by Utis Security Insirument,whether or not then due, with any exce.cc paid to Borrower. If$orrower abatdons tht
<br /> Property, or does not answer within 30 days a notice from Lender that the incurance carrier has offered to setde a claim.then
<br /> Lender may coltect the incuranee proceeds. Lender may use the procceds to repair or restore the Property or to p�y wms
<br /> secured by this Securiry Instrument.whether or not then due.The 30-day period wilt begin when the notice is given.
<br /> Untess l.ender and Borrower othenvise agree in writing, any application of proceods to principa! shall not extend or
<br /> postpone the due date uf the monthly paymencs referred to in par�graphs 1 ar►d 2 or ct�ange the amount of the payments. If
<br /> under parqgraph 21 the Property is acquired by Letxler,Boaower's nght to any inc;iraaet policies and proceeds resulting from
<br /> durwge to the Pr+operty prior to the xquisition shall pass to Lender to the extent of the sumc secured by this Sccuriry Iattrument
<br /> inunediately prior to the acquisition.
<br /> 6.Oonsp�acy,Preservatioa,M�iatenaace and Protecdoa ot the Property,Borrower's Loan App�icatiou;LwK6olds.
<br /> Borrower s}�ll oocapy,establish,and use the Property as Borrower's principal residence within sixt}+days after the execution of
<br /> this Security Inst�vmeai and shall continue to occupy the Prcperty as Braower's principa]residence for at least one year aft�r
<br /> tlse date of occupancy, unless I.ender otl�crwise agrees in writing, w•hich consent shall not be unreasonably withheld,or unless
<br /> sxtenuating cimumsta�xrs �xist which a�*e beyc�nd B�rrower's contm!. Bonower shal! not d�troy, dam3g. or in�prir the
<br /> P'roperty. allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfciture
<br /> action or proceeding, whether civil or crimin�l, is begun that in Ir_nder's good faith judgment could tesult in forfeiture of the
<br /> Property or othenvise materially impair the tien created by this Security Instrument or Lender's security interast. Borrower may
<br /> cun wch A defauit and reinstate,as provido3 ia paragraph 18,by caussng the action or proceediqg to be dismissed with a ruling
<br /> tlts�t, in l.eader's good faith determination, precludes forfeiture of the Bonower's interest in the Property or other material
<br /> lmprirment of the lien rreatai$ by this Securiry Ituttumeat or Ix�det's socurity interest. Borrower shall also be in default if
<br /> Borrower.during the loan ap�lication process,gave mz:eria[[y false or inaccurate in£omiation or statemenu to Lender(or fvled
<br /> tu�mvide Lender with any material infom�adon)in connection with the loan evidencai by the Note, inclading,!wt not limited
<br /> ta. rcpresenuuionc concem�ng Bonower's occupancy of the Property as a principal residence. If this Securiry Inswment is on a
<br /> lensehold. Bocrow•er shall comply with all the provisions of the Iease. If Borrower acquires fee dde W the Property, the
<br /> � lexs�Chotd attid the fee title slialE not merge unlcss Lender�grees to the merger in writing.
<br /> 7.Protection ot Lender•S w�cs�n u.e pro�erey.If Borrower t'ails to perform the covenants and agreernenu oontained in
<br /> thi�Security[nsuumeat, or ihere is a legal proceeding that may significantly affect L,ender's rights in the Property (such ac a
<br /> ptcsc;,t�iaY in ba.-il:ruptcy,pra.`+ate, for co;sdemnation or forfeiture or to e�iforce iaw•s or regulatians),then Lcnder may do anti -
<br /> �y for whauvu is necessary to pzotect the v�lue of the Property and Lender's rights in the Property. I.ender's actions may
<br /> �nclude payins any sums secured by a lien which has priority oeer this Security Instrument, appearing in court, paying
<br /> rctu�orwblc s�ttomeys' fces u�d erucring on the Praperty to maice repairs.Although Lender may take action under this paragraQh
<br /> 7. Le�cler das not have to do so.
<br /> Any arnounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> Security Iaqrumeat. Unless Bonower and L.ender agree to cxher cerms uf payment, these anwunts shall ixar interesi from the
<br /> date of dicbursewent at thc Note rate and st�ll be payabte, with interest, upon notice from Lender to Bonower roquestin�
<br /> P++Ynxnt.
<br /> R, Mart�e Inwrance. Yf Lender required mortgage insurance as a condition of making the loan secured by this Security
<br /> liwrumeiu, W�rrower shall pay ihe premiums required to maintain the mortgage inwrance in effect. If, for any reaSOn, the
<br /> nx►n�;�yc inwr:uue covcnge required by Lender lapses or ceaees to be in effect, Bonower shal!pay the premiums requiraf to
<br /> obtain a�vcr��c wbuantially equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to th�
<br /> a►rt tu �iurruwer i�f the martgage insurance previously in effect. from an alternaie mortgage insurer approved by Lencier. [f
<br /> Pp�2 of 4 Fp�lq�� QJ� °
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