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<br /> Tl:�Fu�t;l� �h�3f L•: Irld in an institutinn �vhasc deposiis u�� lu�wcJ by u fcdcril g��y, insti�uUrn�i.itiiy,C r entiiy .
<br />._� (including l.cnder,if l.cndcr Is such an institu�ion)or in n��y Fcdcri�l Nomc lw�,n t3ank. L.cndcr shall�ipply thc Fund.S to pay thc _
<br /> C:sci�ow Items. Lender may nnt ehi�r�;e 13c�rrn�ver for lioldinl;nnd iipplyinl;Ihc Funds, imnually nnnlyr.in�the escrow uccount, �r �-
<br /> verifyln�;�lic�scru�v Itemy.anless l.endur puys[3urruwer iittcrest on Ihc l�unds und upplicable Inw permits L.ender to make such -�
<br />_: i�chnrge. lio�revcr, Lcndcr muy requlre Aorrower to pay c►one-time churge fnr an independent reul cstnte tnx reparting scrvicc
<br /> used by Lender in cannectioi� with this loan, uniess upplicnbic law prouielcs otl�envise. Unless nn agrecment is made or
<br />;� npplicablc luw rcyuires Intcre�t ta be p�id, l.cnder slmll not be rcquircd to paX f�orrower atny i�ttcrest or c,ir�iings on thc Funds.
<br />� I3nrrowcr nnd I..cndcr may ugr�c in writinF, howevor, thnt intcrest slmll hc paid on the F�undv. l.endcr shs�ll 1;Ive ro E�orrower, �
<br />- withuut charga, un���nmal nccounting af Ihc f u�uls, shuwing crcJits cmd dcbits t��thc Funds und tltc pur�sc i'ar which cach
<br />� debit w tl�c runds wus mutc,Tlic Funds arc pledgcd us udditiona!sccurity for ull sunts�ccured by Ihis ticctirity Instrument.
<br /> - ii 2�i�i'iii�iii ItGIU U i.a:uuCl CAtCCU lI1G UIIIUUQIY -�
<br /> y permiueu [u oc imici ny uppiict�blc i,�w, i.enACr shnll�ccount w Horrowcr
<br />, for thc cxccss Fuiids in nccurduncc with thc rcquircmcnts of npplicablc Inw, if thc umount of thc Funds hcld by 1.,cnJcr at uny --
<br /> � timc is nut sui'6cicnt to pay thc �scrow[tcros wl�cn dua,L�:ndcr may sa�nutify 8orrowcr in writing,und,in such casc Borrower
<br /> shttll p;�y to l.ender thc amount nccessnry to make up the deficiency. Borrowcr shull muke up thc dcficiency in no more than
<br /> ■ twelve monthly payments,cst Lender's sole discretion.
<br />= Upan F�ymcnt yn ful l of ull sums securcd by tl�is Securiry Instrument, L.ender shall promptly refund to Borrower uny
<br /> Funds hcld hy l,ender. If, undcr parngruph 21,Lendcr shnll ucquire or sell thc Praperty,Lender, P�•ior to thc acquisition or sale �
<br /> _ of the Propeny, shall lpply uny Funds Neld by l.ehder ut the time of nequisition cir snle us a crr.du ag:�inst the sums secureci by
<br /> this Sccurity lnstrument.
<br /> 3.Appllcutton of Puyments, Unless npplicablc luw providcs othcrwise,all puymcnts reccived by l.cndcr under parugraphs
<br /> 1 nnd 2 shall be n�pltcd;fersl, to nn,y prep�yment cl�argcs due undcr thc Note; second,co umounts payuble under pnrngraph 2;
<br /> thinl,to interest due;fourtta,to principal due;and last. to nny Iste charges due under the Nate.
<br /> 4.Charges; Lfe��s.Burrower shull pay nll taxes, ussessm�nts.charges, fines and impositions uttrlbutable to the Pr4perty
<br /> which may nttain priority oser this Security Instrumsnt, nnd Ic�sehold puynicnts ar ground rents, if any. Borrowcr shull pay
<br /> these obligntions in the manner provided fn p,�ragruph 2,or if not puid in that manner, Aorrower shall pay them on tlme directly � -
<br /> to the person owed payment.8onower shall promptly furnish to Letider ull notices of umaunts to be puid under this paragraph.
<br /> If Borrowcr mnkes these paymcnts directly,Barrower shall pram�tly fumish to Lender recsipts evidencing the payments.
<br /> Bonower shall promptly dischurge any iien which hus prtor�ty over this Security instrument unless Rorrower:(a)agrees in
<br /> wrlting to the payment of the nbli�ation secured by the lien in a munner acceptnble to Lender;(b)cantests in goad faith the lien
<br /> by, or defends ngainst en��nrcement of the Ilen in, lesnl proceedings which in the Lender's opinion opernte to prevent the
<br /> enforament of the lien;or (c)secures from the holder of tlie lien un agreement sntisfuctory to Lender subordinating dic lien ta
<br /> thi5 Secur(ty Instrument.If Lender deter►ninca that any pan of the Prope;ty is subject to a lien�vhich may uttain priority over
<br /> this Saurity Instrument,L.cnder may givc Bonowcr a notice identifying the lien. Borrower shall satisfy the lien ar take anc or
<br /> ntore of the actions sct�'orth above within 10 days of the giving of notic:e.
<br /> 5. Hszard or Property Insuraace. Borrower shall keep the improvements now existing or nereufter erected on the
<br /> Property insured agninst loss by Sre, hnu�rds included within the term "extended covemge" and nny other hazards, including
<br /> tloods or flooding, for which Lender requires insurnnce.This insurnnce shall tre maintulned in the Funounts and for tl�e perIods
<br /> that Lender requires, The itinsurance carricr providine the in�umnce chall I,��h�c����,y w,rrew�r sub,j�t t�L�^.sirr's sp�src:�s!
<br /> wl�ich shall not be unreasonably withheld. Tf Borrower fuils to cnaintain wveragc descriF�ed above, Lcndcr may, ut Lender's
<br /> option,obtain coverage to protect Lender's rights in the Property in accordance with psuagruph 7.
<br /> All insurance policies and �newuls shall be acceptable to Lender and shnll include a stand�rd mortgage clausc. Lender
<br /> shall have the right to hald the policics and renewals. if Lender requires,Borrower shall promptly give to Lender all recelpts of
<br /> paid premiums nnd renewal notices. In the event of loss.Borrower sl�All give prompt notice to the insurnnce carrier and Lender.
<br /> Lendcr may meke proof of loss if not made promptly by Borrawer.
<br /> Unless Lender nnd IIortowc^,r otherwise agree in writing,insurance proceeds shull be applied to restoration ar repair of the
<br /> Property damaged�if the restoration or repair�s economicnlly feasible and Lender's se�urity is not lessened.If che restoration or
<br /> repair is not economically feasible or Gender's security would be lessened, the insurance proceeds shall be�pplied to the sums
<br /> secured by this Security Instmment. whether or not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> Praperty. or does not answ�r within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then
<br /> Lencler may collect the (nsurance pracceds. Lender may use the proceeds to repair or restore the Property ar to pay sums
<br /> secured by this Security Instrument,whether or not then due. Thc�4-day period will bcgin whe�i the noticc is given.
<br /> Unless Lencier and Borrowor othenvise ag�e in writing, any epplication oF prc�cceds to principal sh�ll not extend or
<br /> postpone the due date of the monthly paymcnts referced to in paragraphs 1 and 2 or change the amount of tl�e payments. If
<br /> under paragcaph 2 i the Property is acquired by Lender, Barrower's right to any insurance policies and proceeds resulting from
<br /> damage to tl�e Pcoperty prior Io the acquisition shaU pass to L.ender to the extent of the sums secured by th9s Sccurity Instrnment
<br /> : immediately prior to tlie acquisition.
<br /> 6.Occupancy,Preservation,Melntenance and Protection uf the Pruperty; Borrower's I.oan Applicatlon;Lestsehold9.
<br /> Horrower shall occupy. establish,and use the Property as Borrower's principal recidence wirhin six!y�!a;s aftr►the esec��tion of --
<br /> this Sccurity Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> . the date of occupuney, unless Lender otherwise agrces in writing, whtch consent shall not be unreasonably withheld, or unless
<br /> extenua�ing circumstances exist which are bcyond Borrower's control. Borrower shnll not destroy, damage or impair the
<br /> Properry, ullow the Property to detcrioratc, or cammit wastc on the Yroperiy. �orrowcr shall bc in default if any forfeiture
<br /> action or procceding,whethercivil or crimi�tal,is begun thut in L.ender's good fnith judgment could result in forfeiture uf the
<br /> Property or otherwise materially impair the lien created by this Security Instrument or I.ender's security interest.Bonower may
<br /> , cure such a dcfault and reinstate, as provided in parngraph 18,by causing the action or proceeding to be dismissed with a evling
<br /> that. in Lendcr's good fnfth detem�ination, prccludcs foi�fciture of thc Horrower's interest in the Property or other mnterial
<br /> ' impairment of the lien cricatcd by this Security Instrument or Lender's securiry intcrest. Borrowcr sl�all �lso be in default if
<br /> Borrower, during the loan application proccss.gave materiully false or innccuratc inf�rmt►tian or statements to I.endcr(or failed
<br /> to provide Lender with any rnateri�l information) in connection with the loan evidenced by the Note, including,but not limited
<br /> to,representntions concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> leasehold. Borrower siiall comply with all thc provisions of thc lcase. If Borrower flcquires fec title to the Propcny, thc
<br /> Icaschold and the fee tlttc shall not merge unless I,endcr agrcc:s ro the merger in writing. • �
<br /> 7.Ih•otectlon of I.ender's IZlghts In the Froperty.Tf Bonower fnils to perform the covenunts and agreements cantafned in —
<br /> this Security Instrument.or there is a legul proceeding that may si�nificuntLy nffect Lender's rights in the Property(such as a
<br /> ' proceeding in bankruptcy,probate, for condemnution or forfeiture or to enforce laws or regulations), then L.ender may do and
<br /> . �ay for whatever is necessary to protect the value of the Property �nd Lender's rights in the Propeny. Lender's nctions may
<br /> �ncludc paying nny sums s�cured by a licn which has priority ovcr this Secm�ity Instrument, appearin� in court, payin�
<br /> - ra�r.ntu�hln nttnrnrvc'F/L'1Q Ytlll Ptl�Pti�fn...,�we n.,....�..... ..,._�__� .�.�_.._�.
<br /> - ----..- •--------.._....a�....... ....t..,..J .:,�..a.....;�,a;��. .�,�u���b�� i..cnucr may iaice necian under tnis par►graph
<br /> 7, Lender dnes not huvc to do so. --
<br /> � Any amounts disbursed by Lendcr undcr this paragraph 7 shall becamc additional debt of Borrower secured by this
<br /> Sccurity Instniment. Unle,as Borrower and Lender agree to other terms of paymcnt, these umounts shall bear interest from tlte
<br /> datc of disburscment at the Note rate and sh:ill bc payable, with intcrest, upon noticc from Lendcr to Borrower rcquesting �`
<br /> payment. �-
<br /> 8.Mortgage Insurance.If Lcnder rc:yuiral mortgu�e insurunce ns:►condition of making thc loan sccured by this Security
<br /> Instrumcnt. Borrowcr shall pay the pmmiums required to maintain thc mortga�e insur:�nce in cffect. If, for any rcason, the
<br /> mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shnll p�;y the premiums required to
<br /> obtain coverage substanti�lly cquivalent ro the mortgage insurance pr�viously in effect, ut a cost substantially equivalent to the �_
<br /> cost to Rorrowcr of the mortgage insurance prcviously in cf'fcct, from an nitsrnute mnrt�age insurer apprr�ved by Lendcr. Tf
<br /> �i'.,'
<br /> � � � �._
<br /> r000 s oe a Form 3028 9I90
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