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<br /> ����� 96" 1044�,� �
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<br /> • The Funds shall b�: held in nn institution �vhase deposits i�re ins��rcd by � fedcral agency, instrumentality, or entity
<br /> (includin� I.ender, if�.endcr is such an institution)or in uny I�cdcrid H�nnc I,oan Bi�nk. I.ender shall apply the Funds t�pay die ��
<br /> � ° Gscrow Items. l.c:ndcr may n�t ch�rgc 13c�rrowcr fur holdin�imd iipplyini; thc Funds,imnutilly analyzing thc cscrow account, or
<br /> vcrifying thc Esc�uw 1¢cmti,unlcss I.cndcr pnys Burri��vrr intcrest on thc f'undti�md��rni�<<�ni� iaw permits l.endcr to makc such �.
<br /> ' a charge. Huwever, Lencier may rcyuire 13orr<�wcr to puy a ot►c-limc: ch:�r);e fur un independent rcal estate tux reparting scrviu:
<br /> :,;�;�.;� ;; used by Lendcr in connectic�n with ehis foun, unlcse npplicnhle luw provide, utherwise. Unless an ngrccment is madc ar �`
<br /> • ; �f , npplicnblc law requires interest to be paid.Lendcr sltnll m+t h� required t��pt►y Borrower any interest or carnin�s on the Funds. �::
<br /> Dorr�wcr und l.cndcr m,ry ugrcc in writin�, huwcvcr, that Interc.rt sludl bc pnid on thc Funds. Lcndcr shall givc to Borrowcr, �`
<br /> • i'�� without charge, an annue�! nccountin;S nf thc Punds, st�owing crcdits und dchit+ tu thc Fundti and thc purposc for which cach �-�
<br /> debit to the Funds was made. Tlie Fum1s ure pledged as nddillonnl F:ccurity fur�dl sums secured by this 5ecurrty Instrument. �
<br /> ���.r;���� If thr.Funds held Uy I.ender�xtccJ ll�s a�nuu►us pern�lttcd tn hc ttcld Uy apnrlii«hle lew, I.endr.r shail ar.r,�unt to Dorrower �,
<br /> a�u�-=--�� for thc exccss Nunds in accordtmcc wicn �hc rcquirc�ne��i, ��i u��j�U����ia=C�ir, fQ iiiC .;m:�un:.^.�S:.0 f'Rr���:C���`� L•=n.der 2l!!R� �
<br /> ,�, timc is not sufficicnt to pay thc Escrow Isems whcn duc, LAndcr muy +o n�nlfy tli�rruwcr in writing, and,in such casc Borrower -
<br /> ::,:•r.=•",. s. shall pny to I..endcr the umount nccessary to mukc up thc deficicncy. liurruwcr til�nll mukc up tlic deficicncy in no morc than E�'.
<br /> • � `� hvclvc monthly ply►nents,at L,cndcr's solc discrctli�n.
<br /> � Upon payment in full of uU sums sccural by this Sccurity li�titrumcnt, l.c�►dcr nhull promptly refund to Borrower any -
<br /> � �•�► Funds hcld by I.endor. lf, undcr parugruph'll, I.cndcr shi+ll�ic��ulrc ar scll tl�c Property, Lcndcr, pr�or to the acquisition or sale _.
<br /> � �� �• of[he Property,shull upply any Funds held by I.cndcr ut tl�c timc of ucquisltiun rn•sidc aiti n credit against thc sums sccarcd by �_
<br />��' ',��� � •'� this Securiry Instrumcnt. _
<br />--`�'.��t?' `a: 3.Appltcntion oY Pnyments. Unless iipplicublc luw providcs othcrwihc, ull puymc��tc+rcccivul by l.ender under para�;raphs
<br /> - _.�'��;.��i 1 and 2 shall be applted: first, to uny prepayment chur�;ch due undcr the Nntc; scrnnd, to mnounts payable undcr paragrAph 2;
<br /> • ,., .t, thirci,tu interest due;fourth, to principnl due:und ittst,tc�uny lute chiu•gey due u��der die Note.
<br /> �. ���5;� � 4.Charges; Llens. Borrawcr shall pay ull taxes,nssetismcros, churges, iines ttnd intpositions attributable to the Property
<br />-.�i:;•.'�r.
<br />_•:�,;:�;i ;, which may attain priarity over this Security Instrumcnt, nnd Iensehold pnyments or grc�und rents, if any. Horrower shull puy
<br />�"::,3�� -; these obligntions in the manner provided in puragruph 2,or if not paid in thut munuer, B�rrnwcr shall pay them on time direcdy
<br />" '-,�±�;` : to the person owed payment. Horrowcr shall promptly fur�dsl► tu l.ender all naNccs of am�untg to be pnid under this paragrnph. �
<br />;_;�,��;�;,;�+ � If Borrower makes these payments dlrecdy,Borrowcr shull promQtly furnish to Lendcr rc:ccipts evldencing the payments.
<br />- '�' • Borrower shaU pron�ptly discharge any lien which hus priority avcr this 5ccurlry Itistrumcnt unless Borrower: (a)agree.s in
<br />��.,�;�.�� ° writing to thc payment of the obligation secured by thc licn in u munncr ucccptnblc tu[.,e�zdcr: (b)contcsts in�oud faith thc lien
<br />-.,�"'r"�..
<br /> by, or defends against enforcement of the Iten in, legsl proceeding:; which in the Lender'x opinion opernte ta prevent the
<br />,, F;.-z. ,, � enforcement of the lien; or(c)secures from thc holdcr of the licn un a�recment sutisfuctary to[.cndcr subardinating die lien to
<br />-=-=�' this Security Instrument. If C..ender detcrmincs that nny part of thc PropcMy is subjcct to u licn which may attain priority over
<br /> �.=:�.��
<br />_„_,;�f;�.}� this Securiry Instrument, Lender may give Borrowcr u noticc idcntifying thc lien. Borrowcr xhall sntisfy the lien or take onc:or
<br />._:,:��-._iJ�,� morc of the actions set forth ubave wuhin 10 duyti of thc�ivins of noticc.
<br /> - 5. Hazard or Propexty Insurunce. Harrower shall kesp the improvemcnts now exlsting or hereafter erected on thc
<br /> -�'�'"'�j� Property insured asainst loss by fire, hazurds included within the tenn "cxtendcd covcruge" imd nny othcr hazards, including
<br /> --= floods or fluoding, for which i.endcr requires insurancc. This insuruncc shall be mnintnined in the umowits and for the periods
<br /> ---��� that Lender requires. The insurance curner providing the insurance shull be chosen by Uc�rrower subJect ta Lender's approval
<br /> ����'°"�� which shall not be unreasonably wunncid. ir Horrower iu;is io muiuiu;u���ve�a�e�e.r���:.:! abuv�. :xs.der ms;. »i Le^.s!A*'s
<br /> :�.�::�r►re:�+1 option,obtain coverage to protect Lender's rights in the Propeny in accordailee with pur:�grnph 7.
<br /> -=-'°�-� All insurance policics and renewals shnll be ucce�tuble to l.endcr und shall includc n +uindurd mortgnge cluuse. l.ender
<br /> __ -° shall have the right to hold the policies nnd renewuls. Ir Lender requires, Borrower nhi�ll prompNy glve to l.ender all receipts of
<br /> -----== paid premiums�nd renewnl notices.in the event of loss.Barrawer shall�ive prmnpt notice to�he insurance currier und [.ender.
<br /> = 1.,cnder may make proof of loss if not made promptly by Borrowcr.
<br /> -------� Unless Lender and Barrower othenvise ugrce�n writing, insurunce proceeds sh�dl bc nppllcd to rastaruNon or rEt�air of the
<br /> -�-- Propeny damaged,if thc restorntion or repuir is economicnlly feasfble und l.ender's sccurity Ix not lcssencd. If thc restomtios�or
<br /> -°- - repuir is not economically feasible or L,ender's security would be lessened,the Insuri►nce proccedw nhnll be npplied to the sums
<br /> securcd by this Security Instrument, whether or not thcn due, with sny exccss pi►ld ta Bnrrowcr. IF l3orrawer ubnndans the
<br /> "'°'°_°_'"__ Propeny,or does not answer within 30 days u notice from I.ender that the insurance currler t�m offCred to settle c►claim, then
<br /> Lender mny collect the insurance proceeds. Lender may use thc pruceeds to rcQair or rest��re the Pra}serty or eo pay sums
<br /> -- secured by this Security Instrument.whether or not then due.The 30-day pericxl will bcgin wl�en tho nutic:e is given.
<br /> � Unless I.ender and Borrower otherwise agree in writing, any nppllcatim� of prcxeeds to �rfnc;fpul Rhull not extend or
<br /> —� pastpone tlie due date of the monthly payments referred to in paru�ruphs l nnd 2 or clumgc thc amnunt of thc payments. If
<br /> under paragraph 21 the Property is acquircd by Lender, Borrower's nght to nny insurnnc�Fx�licics und prucecdti r�sulting from
<br /> - -_--= daznage to thc Properry prior ro the acquisition shall pass[a L.endcr to the extent of the sums sccured by thlx Securfty Instrumen[
<br /> -- - immediatcly prior to thc acquisition. �
<br /> - ---- 6.Occupancy,Pr�ervation, Maintenance and Pcotcetfon of the Property; Borrower A I.�►an Applle�f�ion;Leascholds.
<br /> -- Borrower shall occupy,establish,and use the Property as Borrower's principal residence withln efxry duyK uRer the execution of
<br /> =---- = tttis�ecarit; ?nst*umcnt nnd chatt continue to occupy the Feoperty ns Borrower's principul resfde��ce for at Ict�st onc year after
<br /> - the date of occupancy, uniess Lender otherwise ugrees in writing, which consent shi�ll nnt be um�c�sonGbly withheld, or untess
<br /> ________-_ extenuating circumstances exist which �ure beyond Borrower's control. Borr�wer shull not de�troy, dantago or fmpafr thc
<br /> Property, allow the Property ro deteriornte, or commit waste on thc E'rapeny. Borrower.r•hnll he in default if uny forfeiture
<br /> __..___�--- ;,ction or proceedinb. whethPr civil or criminal, is begun that in Lender's good fuith Judgnunt cuuld result in f��riefture of the
<br /> - -�°-�= Property or otherwisc materinlly impair the lien created by this Security Instrument or I..ender's security interest. Borrower mny
<br /> -- --= cure such a default and reinstate,as provided in paragrnph I8,by cuusing thc uction or prncccdhig t��Ix;dismisscd wllh n�ulin6
<br /> -�----== that, in I..cndcr's good faith determination, prccludes forfeiwre of the Bonowcr's interest in thr. Pru(x;r1y �tr ather nnsteriul
<br /> - - ��� Impairment of the lien created by this Securiry Instrument or Lender's sexurity interest. eurrower nhuU nlsu he in defitult if
<br /> ���=°'�'�-`� Barrower,during thc loan application process,gave materially fnlsc or inaccurnte fnformtttion ur titutemcnts tu l.cnder(du fuilcd
<br />�-:f�n�*rr to provide Lender with any matereal information) in cannection with the loun evidenced by the Note. includin}�,bu� not Ifmitcd
<br /> -=-;�.:;;",�ti'`'i�i to, represcntations conccrnmg Borrower's occupancy of the Property us u principal retiidcncc. If this ticcuriry Imtrumrnt i+�m o
<br /> '�`re'�:' ' leasehold, Borrowcr shall comply with all thc provis�ons of the Iease. If Borrawcr ucyulres fcc tiUc tu thc 1'roperty, Uic -
<br /> - :r:.
<br /> "' ""'�'°'"""'• lcasehold and the fce title shull not mer�e unless Lender agrces ro thc mergcr in writing.
<br />,='r�'��s'�',-�.-'!µ�. ' 7. Protection of Lender's Rights in the Property.If Borrower fails to perform the covenunts and ugrecmenln conUiinal in
<br /> this Security Instrument,or there is a Icgal proceeding thnt may significnntly affect L..ender's rights in the HruExrly (�+ttch ns i+
<br /> „'.•-.'i��'��� roceedin in bankru tc robate,for condemnation or forfeiture or to enforce luws ur regulutiunti), A►en t.�uder muy Ju unJ
<br /> "-•�:A��� P 6 p Y�P
<br /> ;.��.�,y��+�'7 Qay for whatevcr is nccessary to protect the value of thc Property and L.cnder's rights in Ehe f�roperty. I.cndcr'n uctiuns mny
<br /> -� --. :•;�� mclude paying uny sums secured by n lien which has priority over this Security Instrumcnt, uppem�ii�g in a�nrc, p,ryin6
<br /> � {.- f rracnnahlr attnrnevc' fees and enterinc on the Propertv to muke repnirs. Although L.ender muy ti►kc ucliun under tl�iti paragruph
<br /> ��'•��'=��� 7, L.ender does not have co do so.
<br /> � • - Any amounts disbursed by Lender under this purugruph 7 sh.ill become additiimul dcbt iif Hi�rruwcr �crurcd by thiy
<br /> - _ � t� Security Instrument. Unless Borrower and Lender agrec ro other tcrms of payment, thesc tuno�mtti +hull hcar interc.rt fl�otn thc
<br /> . „ dutc of disbursemcnt at thc Notc ratc and shall be payable, with intcrest, upon noticc from Lcndcr tu liorr�►wcr rcqurstiu�;
<br /> _„ - p,iyment.
<br /> • . '. 8. Mortgage Insuronce.If Lender required mortguge insurunce i�s a cnnditiun uf nu�king the luan secured!�y thiy Security
<br /> _ " Instrument, Borrowcr shall pay thc premiums rcyuired to mnintain thc mortgugc insiiranrc m cffect. If, far uny rca�un, thc
<br /> mort�a�e insurance coverage reyuircci Uy I..cnder lapses or ccases to bc in cficct. E3c�rrower shnll pay thc prcmiumti rr��ufi�e�l ta
<br /> �Y � ` obtuin wverage substnntinlly cyuivalent to the mortgnge insurancc previously in cFfcct, ut tt cost tiuhsttuttinlly cq��ivulcnt lu thc
<br /> ,.._ Y cost to Borro�vcr of thc mort�a�e insunmcc prcviously in cffcct, from nn idtcrnutc mortgu�;c insurcr uppr�ivcd hy l.cndcr. If
<br /> • �,
<br /> - �A:--.+7� . ,
<br /> . . . ,,' , � P000�o�a Form 30Z8 0100
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