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<br /> Thn w,�.,�_ �t,Au hn ttP�d in m� institutlon whose deposits nre insurcd by n f�dernl u�ency_ inst�vmentnliry, or entity
<br /> (including Lcnder,if Lender is such an institutiun)or in nny FcQcr.d Nome Lo.�n iiank. l.cnacr snni�uppiy iiie FuuJ,t�;�.�y:�c __;
<br /> Escrn�v Itcros. Lcndee may not char�c Barrowcr for holdin�;nnd npplyinl,[Itc i�und�+,minunlly nmdy�inf;thc cscrow account, or �-
<br /> vcrifying thc Gscrow Itcros, uo�less Lcndcr nays Dorrarvc�intc��cst on Ihc f'undr�nnd np�Ucnhfc Imv permlts I.cndcr to mnkc such
<br /> a charge. Howevcr,Lender may requirc Borrower to pay n ono-tlmc chargc fnr nn im�c�xndcnt re:�l cstnte tux rcporting scrvicr `_�_
<br /> uscd by Lcnder in cannectlon with this loan, unlcss appllcablc luw nn�vidcs othcrwisc. Unlc+s iu� ugrcem�nt is madc or _-
<br /> applirable In�v requires intcrest to be paid, Lendcr shall not ba rcqufrcd to pay Harrawer miy interc�t c►r c��rninga on the Funds. _
<br /> l3a•rowcr and i.cndcr may ragrec in wridng,howevcr, thnt intcresY �h�:ll bc pald�n thc ('unds. I.cndcr shzdl give to F3orrower, __
<br /> without chargc, an annual accounting af thc Funds, Ehawing crcdits uixc!dcbite ro thc Nunds und thc pur�c►sc for whicl�each
<br /> dcbit ta tiie Funds�vus made.The Funds are pleciged as addidonnl sccurity for nll sums sccurcd hy this Sccurlty instrument.
<br /> ii[nc runds nciu uy i..c,�uc� �xcc:�i th;,amcur.tu�imilt�_d tu t�,��n��1 t,y nppIlenhlc lat�. Lcndcr shnll �tccount to I�nrrowcr ��,
<br /> for tha excess Punds in nzcordimce with the requirements of applicnblo luw, If thc amnunt of thc Funds held by I.cnder at any ���`
<br /> time is not sufficicnt to pay the L�scrow Items when due, Lender may so notify Aorrowcr In wrlting,and,in such case Uorrower =
<br /> shall pay ro L.ender the amount necessnry to muke up die d�ficicncy. Barrower shall mnke up the def�cicncy in no mnre thun -_
<br /> twclve monthly payments.at Lendcr's sole discretion.
<br /> U�on puyment in full af all sums securcd by this Sccurity Instrumcnt, I.endcr shnll promptly rcfund to Harrower any
<br /> Funds held by C.cnder. If,under paragraph 21, Lender shall acyuire or sell the Property, Lender, prior to the ncquisition or salc
<br /> of the Property, shull apply auy Fwids lieltl by Lender at the time of�icquisition or sule i�.s u credit n�itinst the gums secured by _
<br /> this Sccm�ity Instrument.
<br /> 3.Applicatian oP PoyntentK.Unless upplicublc law provides othcrwisc, all payments recciv�l by l.cnder undcr pa�agraphs
<br /> 1 and 2 shail be upplied:fix�st, ta any prepaymcnt charges due«nder thc Note; second,t�amounts pAynble under paragraph 2;
<br /> thircl,to intcrest duc;faunh,to principal due;and last,¢o a�iy late charga5 due under the Noto.
<br /> 4. Chnrges; Liens. Borrow�r shnil pay all taxes,nssessments, charges, fincs and impositions attrlbutable to the Property
<br /> which may nttain priorlty aver thle Security Instrument, and leasehold payments or ground rents, if m�y. Borrawer shall pay
<br /> thcse obligations in the inanner provided in paragraph 2,or if not paid in that manner, Borr�wer shall nay ttiem on time direcdy
<br /> to the person owed payment.Borrower shall prompcly fumish to Lsnder ull uutices of aniounts to bo paid undcr this p�ragraph. -
<br /> �f Borrower makes these payments directly,Borrower shall promptly furnish to I.ender receipts evidencing Qic psyments. _
<br /> Bonower shull p'rz�mptly discharge any lien which has priority over this Security Instrumcnt unless 8orrawcr: (a)ngrces in _
<br /> writing to the payment of the obliguNon securcd by the lien in i�manner acecptable to L.endcr;(b)contests in good faith thc lien _
<br /> by, or defends aguinst enforeement of the lien in, tega! pr�ceedings which in the i.ender's opinion aperate to prevent the
<br /> enforcement of the lien;or(c)sc;cures from thc hulder of the lien an a�reement satisfuctory to Lender subordinating the lien to
<br /> this Security Instrument. If I,enc:er determines that any part of the Property fs subject to a lien which may attain priorlty over
<br /> this Security Instrument, I.ender may givc Bonower a notice identifyins the lien. Bonowcr shull satisf}+the licn or tal:e one or
<br /> more of thc actions set forth abave�v�thln 10 days ot'the giving of notice.
<br /> 5. Hazard or Property Inaurance. Borrower shall keep the improvemcnts now existing or hereufter crectcd on the
<br /> Property insured ugainst loss by fire, hazurds included within the term "extended caverage" and any other hazurds, includ�ng
<br /> floods ur floadins,for which Lender requires insurance. This insurance shall be maintuined in the nmounts and for the periads
<br /> that Lender requires. The insurance carrier providin�the insuranee shall be chosen by Borrower subJect to l.ender's approval
<br /> which shall not be unretisonably withheld. !f Borrower fails to maincairt wverage ucscriuc�S utiuve, i..c;��e�may, ai Lct�sr's
<br /> option,oBtain coverage to protect I.ender's rights in the Property in nccordence with paragraph 7.
<br /> All insurance poUcies nnd renewals shall be acceptable to Lender und shall include a standard mortgage clsuse. Lender
<br /> shall have the right to hold thepolicles und renewals.If Lender requfres,Borrower shall promptly give to L.ender all receipts of
<br /> paid pxemiums and renewel notices.In the event of lass,Borrower shall give prompt notice to the insurunce carrier nnd i.,crvier.
<br /> L.ender may make proof of loss if not made promptly by Barrower.
<br /> Unless Lendcr und Iiorruwer otherwise agree in writing,lnsurance procecds shall be applied to restoratlon or repair of the
<br /> Property damaged,if the re�toratian or repair is economicnlly fcasible and Lender's security is noi lE:ssened.If the restoration or
<br /> ' repair is not econamicnUy feaslble or I.ender's security would be Iessened,tlie insuranee proceeds shall be�pplied to the sums
<br /> 1 • secured by this Security Instrument. whetlier or not then due, with nny excess paid to Borrower. If Borrower ubandons the
<br /> Property,or does not answer within 30 days u notice from i.ender that the insurance carrier has offerat to settle a claim, thtn
<br /> , Lerxler may collect the insurance proceeds. Lender may use the proceeds ta repair or restore the Froperty or to pay sum9
<br /> secured by this Security Instrument,whether or not dien due. The 30-day}xriod will begin when the notice is given.
<br /> Unless i.ender and }3orrowcr otherwise ugree in �vriting, any application of proceads to principnl shall not extend or
<br /> � postpone tiie due date of the monthly puyments refcrred lo in p�rngraphs 1 and 2 or change thc amount of the puymcnts. If
<br /> �nder paregraph Zi the Property is acyuired by Lcndcr.Borrower's right to nny insurance policies and procccds resulting from
<br /> dama�e ro the Property prior to thc acqutsidon shall pass to Lender ro the extent of the sums secured by this Secur[ty Instcument
<br /> immediately pdor to the ac:quisition.
<br /> 6.Occupancy>Preservatlon,Maintenance and Protection of the Property;Borrower'e Lopn Applicntlon;I.easehulde.
<br /> IIorrawer shall occupy,estiiblish,and use the Property ns Horrower's principal residence v�itliin sixty duys after the exocution uf
<br /> this Security lnstrument a�id Rhnll concinue to uccupy ti��Pro��erty as�orrowcr's principsl residence far nt l�n�t rne yeer»iln�
<br /> the date of accupnncy,unless I.cnder otherwise agrees in writins. which consent shall aot be unreasonably wlthheld, or unless
<br /> extenuuting circumstances exfst which nre beyond Borrower's control. Borrower shall not destroy, damage or impair the
<br /> Prnperty, allow thc Property to deterioratc, or commit wnstc on th� Property. Borrowcr shnil be in deftwlt if any fotfeiturt
<br /> � nction or proceeding, whether civil or criminal, is begun that in Lender's good fnith judgment could result in forftiture of tha
<br /> Property or otherwise materially impair the lien created by this Securit�Instrument or Lender's security interest. Borcower may
<br /> cure sucli a default and reinstate,ns providcd jn parasruph 18,by causmg the actian or procecding to bc dismissed with n rulfng
<br /> ! that, in L,cndee's good fctith determination, precludes forfciture of thc B�rrowcr's interest in the Pmperty or odicr material
<br /> impairment of thc lien crcatecl by thia Security lnstrument or[.ender's security intcrest. Bottower shall also be in defuult (f
<br /> � Borrower,during thc loan applirAtion proces�,gave materially false or inaccurate mformntion or saitementx�to Lender(or fuiled
<br /> to provide Lender with c�ny m►iterial information)in connection with the loan evidenced by the Note,ineluding,btu not Ifmited
<br /> to,representntiona conecrning Borrower's occupancy of the Property as a princips�l residence.If this Security Instrument is on a
<br /> Icaschold, Borrowcr s1�a11 comply with n(1 the provisions of thc Icuse. If Borrowcr acquires fee titic to the Property, the
<br /> , Icaschold and the fee title shaU nat mergc unless Lender agree,w to the mer�cr in writing.
<br /> '�.i�rotectton ui Lender's Itights In the Pruperty.Tf Bottower fails ro perfonn the covenants und ugreements cauuiue�l In
<br /> tBis Securfty Instrumait, or there is a Iegal proceeding that muy significantly uffect Lender's ri�hts in the Property (such uy u
<br /> , proceeding in bunkruptcy.probate, for condemnation or forfeiturc or to enforce l�ws or regulstions), then Lcndcr mny do uixl
<br /> ; Qay for whatevcr is necessnry to protect the v�lue of the Property s�id Lender's rights in thc Property. Lcnder's actions may
<br /> mclude pnying any sums securecl by a Iten which has priority av�r this Security Instrument, nppearing in caurt, puying
<br /> rn•renruhle:�ttnrncvc' fet�nnd entcrinII on the Pronertv tu rnakc repairs.Altho��h Lendcr may takc ciction undcr this pnn�Brnph
<br /> 7,Lcndcr doc.s not havc to do so. �
<br /> Any z+mounts dfsbursed by Lendcr under this paragraph 7 shall Uccome ndditional debt of Borrowcr sccurcJ by tlilti
<br /> � Security Instrument. Unless Bnrrower and Lender agrec to athcr tcrms of payment, tliesc umounts shall be.�►r intcrest from tl�c
<br /> date of disbursement nt the Note rncc :►nd shall bc payublc, with interest, upon noticc from Lendcr to Bnrrower rcqucating
<br /> pnyment.
<br /> 8.Mortgage Insuranee.If Lender requireci mortgage insurnnce ay n condition of mnking the loan sec�red by tl�is Securily
<br /> - Instmmcnt, Aorrower shull pay the pmmiums rcyuircd to mnintuin the mongngc insurancc in effcct. If, for nny rcu5on, 91�c
<br /> mnrtgnge insurance covemge required by Lender lapses or ccaxes to bc in effect, Borrower shnll p:�y thc premiutnw requfrcd to
<br /> abtnin covcragc substantially cquivnlent to thc mortgrige insurancc proviously in cffect,u4 �i cuat substantluliy eyuivnt�nt tu Ihc
<br /> cost to Borrower of the murtgage insurance prcviously in effu:t, from 1n �Iternate mortguge insurer :q�proved by Lender, ff
<br /> p,o,7,,4 Form 3d2e eiao
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