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<br /> � 96-- ;��418S -
<br /> ' Y' '�he Funds shull be hcld in an instituteon whose dcposits are insured by u fcdcral agcncy, instrumentality, or entity =_-
<br /> (including Lendcr,if Lendcr is such nn�institution)or in any Fcdcral Honic Loan Hank. I.cndcr shall apply dic Funds to pay thc
<br /> � 8scrow Ite�ns.I.ender muy no[charge Borrower for holdin�and upplying the F'unds, unmwlly unulyring the esc�•ovi uccount,c�r �
<br /> :: a v� verifying the Escrow Items, unless l.�nder pays�orrower interest on the Punds and applicuble luw permits L.ender to m�ke such �_
<br /> a charge.However, L.ender may require Aarrower to pay a one-time chnrge for an independcnt rcal estate tnx reporting scrvice -
<br /> �"'°`� used by I.ender in connection with this loan, unless sppUcable law provides othcrw�sc. Unlcss nn agrcemont is madc or —
<br /> �:s.t�� applicablc law requires interest to be paid, L.cndcr shall nat be rcquired to pay Borraw�r any interest ar curnings on thc Funds. �
<br />_,_�� Borrower�nd i.ender may agree in writing, however, thut intcrest shall be paid on the Nunds. Lender shall givc to Borrowcr,
<br />-- - .:;1,�:� without chargc, an annual accounting of the Funds, showinb crui�ts aud debit, w the F'unds and thc purpasc far�vf�ir,h cach �
<br />-�=��'� debit to the Funds wus made.The Funds arc plcdged cs additional security for all sums securul oy tl�is Su:urity lutitrument. -
<br /> : ii[ae �unsis neld'oy i.enuer cxcerd ii�c e,mu��nt���r����tc.s3 to�c 1-�ci3�y aF�t�;.a�Sc l:.�. L.,,^.r,�c;sh»!!scmu�t t4�3et��:TWP1• c
<br />_,�="'_,�,�,� for th�excess Funds in ascordunce with the requirements of applicable law. If the amount of the Funds held by Lender at any _
<br /> �,�] timc is not sufficient to pay thc Escrow Items when due.Lendcr may so notify Borrowcr in writing,and,in such c:asc Borrower
<br /> shall pay ta Lender the amount necessary to makr,up the deficiency. Borrower shall make up the deficiency in no more than
<br />�aA��� twelve mont�ly payments,at Lender's solc discretian.
<br />__--�°.•�� Upon payment in full of all sums sccured by this Securiry Instrument, I.ender shull promptly refund to Borrower uny
<br /> Funds held by Lender.If, under puragraph 21. Lender shall acquire or sell the Property. Lender,prio►•tc�tlie acquisition or sale
<br />=��'�'.'�� of the Property, shull apply any Funds held by L.ender at the time of acquisitian or sale as a credit against the sums secured by
<br />•°�''r';."� this Security Instrument.
<br />-�=�?�,�.�.�..�� 3.Appllcation of PaymenG9.Unless upplicable law provides otherwise,all payments received by Lender under parasraphs
<br /> T•�*��� 1 ar,d 2 shall be applied: first, to uny prepayment charges due under the Note; second, to amounts payable under paragraph 2:
<br /> '".=..-"""x�=:"� third. to interest due; founh,to prinr,ipal duc;and last,ta any late charges due under the Note.
<br />---_-- 4.Chat�es; Liens. Borrawer shaU pay all taxes, assessments, charges, fines and impositions attributaUle to the Property
<br /> =__ - which may attnin priority over this Security Instrument, and IeASehold payments or geound rents, if any. Borrower shall pay
<br /> --_!y� these obllgations in the manucr provided in partgraph 2,or if not paid in that manner,Horrott�pr shall pay them on time direztly
<br />=.v�� to the person owed payment. Borrower shal l prornpily furnish to I.ender ull notices of amaunts to be paid under this paragraph.
<br />='��;Ar� If Barrower makes these payntents directly,Borrower shall prompNy fumish to Lender receipts evidencing the payments.
<br />''`�'•'�fl�� Borrowrer shall promptly discharge any Ilen which has priority over this Security Instrument unless Borrower:(a)agrces in
<br />___� writing ro the payment of the obligation secured by the lien in a manner a.ceptable to Lender; (b)contests in gocd faith the IIen
<br /> =__�+ by, or def'ends ogainst enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the
<br /> — enforcemenx of the lien; or(c)secures from the holdcr of the lien an agreement sstisfactory to Lender s�bordinating the lien to
<br /> '�— this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over
<br /> -�— this Security[nstrument, Lender may give Borrower a notice identifying the lien.Borcower shall satisfy the lien or take one ar
<br /> - _ - niore of the actions set forth above within 10 duys uf the givin�of notice.
<br /> ""' 5. Hazxrd or Pru�erty Insurance. Borrower shall keep the improvements now existing or hereafter erected on the
<br />------ Property insured against loss by fire, hazards included within the term "extended covcrage" and any other hazards, including
<br /> - flond�or flcwdine.for�vhich Lender requires insurance. This insurance shall be maintained in the amounts and for the periods
<br /> —. that Lender requires. The insurance canier providing the insurance shall be chosen by Bonower subjwt to Lender's approvai
<br /> --=--°-- which shalt not be unreasonably withheld. If Borrower fails to maintain coverage described above, Lender may, at L.ender's
<br /> ;� option,obtain covemge to protect Lender'c rights in the Property in accordance with paragraph 7.
<br /> — All insurance policies and renewals shail be acceptable to Lender and shall incl�de a standard mortgage clttuse. Lender
<br /> shall have the right to hold the Qolicies and renewels. If Lender requires,Borrower shull promptly give to Lender all receipts of
<br /> paid premiums and renewal not�ces. In the event of loss, Borrower shall Sive prompt notice to the insurance carrier and Lender.
<br /> Lender may make proof of loss if not made promptly by Bonower.
<br /> Unless I.ender and Borrower othenvise agree in writin�. insurance proceeds shall be applied to restoration or repair of the
<br /> Propeny damaged,if the restoration or repair is economically feasible and Lender's security is not lessened.If the restoration or
<br /> repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be npplied to the sums
<br /> secured by this Security Instrument, wtiether or not then due, with any excess puid to Borrower. If Bonower ubandons the
<br /> Property, or does not answer within 30 dnys a notice from Lender that the insurance canier has offerecl to settle u claim,then
<br /> Lender may wllect the insurance proceeds. Lender may use the pi�oteeds to repair or restore the Property or to pay sums
<br /> secured by this Security Instrument.whether or not then due. The 30-day period w�ll be�in when the notice is given.
<br /> Unless Lender and IIorrower otherwise agree in writing, any application of pruceeds to princfpal shall not extend or
<br /> postpone die dne date of the monthly payments referced to in paragraphs 1 and 2 or change the mr►ount of thc payments. If
<br /> under p�ragraph 21 the Property is acquired by Lender, Borrawer's right to any insurance policics nnd procecds resulting from
<br /> damage to the Propeny prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument
<br /> immedlntely prior to the acquisjtion.
<br /> - 6.Occz�pwncy,Prese��vatlon,Maintenance nnd Protcet[on of thc Pa�operty;Borrower's Loan App�l�atton;LeASeholds.
<br /> _ ____= Borrower shull occupy.establish,and use the Property as Bonower's principAl residence within sixty days after the execution of
<br /> this Security Instrument and shall continue to occ:upy the Property as Borrower's principal resIdence for at least one year after
<br /> the date of occapancy,unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld,or unless
<br /> extenuatins circumstanccs exist which are bcyond Borrower's control. Barrower shull not destroy, damage or impair the
<br /> Property, allow the Property to deterio�rate, or commit wuste on the Praparty. Borrower shall be in default if any forfeiturc
<br /> uction or proceeding. whether sivil or criminal, is begun that in Lendcr's good faith judgment could result in forfeiture of the
<br /> Yroperty or otherwise materially i►npair the licn creuted by this 5ecurity Instrument or Lender's security interest. Borrower nuty
<br /> cure such a dcfault and reinstnte,as provided in paragraph 18,by cAUSing the action or proceeding to be dismissed with a rulin�
<br /> that, in Lender's good faith deicrmination, precludes forfciturc of the Borrowes•'s interest in thc Property ur other material
<br /> - - impairment of the lien crcat�i by this Security Instrument or Lender's security interest. f3orrower shall'also be in default if
<br /> __,-_ Borrowcr, during the loan Rpplicution proccss, gave materially false or ina�curute information or statements to Lender(or failed
<br /> -_-�--�y°;� to provide Lender with any material information)in connection with the loan evidenced by the Nntc, including. but not limited
<br /> - -�• to,representations concernmg Bonower's occupancy of the Property as a principal residenee. If this Security Instrument is on a
<br />--=-�;;y;,� leasehold, Burrawer shall comply with ull the provisions of thc Icase. If Borrowcr acquires fcc tidc to thc Property, the -
<br /> _�-� lcaschold and the fcc titic shall not mer6c utilcss I.ender agrees ro the merget in tvritin�. -
<br /> ��;;N� 7.Protection of Leuder'y Rtgl�ts in the Froperty. If Bonower fails to perform the covenants and agreemenu contained in
<br /> ;:,:;� this Securiey Instrument, or there is u leg�l procecding that may significantly affect I.ender's rights in thc Property (such as a
<br />'r��� pracecding in bunkruptcy,probute, for condemnation or forfeiture or to enforce laws or regulations). then I,ender may do and
<br /> pay for whatever is necesswy to protect the value of the Property and Lender's rights in the Property. Lender's actions may
<br /> �----'��� _...t...1.. ., e.....n.1 {... .. I:n ...1,:..{, hoo nrin.iw nuu� thic Gv�uri}v incfn�mrn} wnn�arino in rnurt nav�n0
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<br />`"r� reasonable attorttcys' fees and entering on the Properry to make repairs. Although Lender may take action under this paragraph _
<br /> �-l''��` 7,Lendcr does not have to do so.
<br /> _" ��-� _
<br />:>�;�;�,a:Y-��,. Any amounts disburscd by [..ender under this paragraph 7 shall become additionul debt of Sorrower secured by this _
<br />=,n.;t�;�, ;, Securiry Instrument. Unless Borrower and I.ender agrce to othcr terms of payment, thesc amounts shall bcar intcrest from the _
<br /> :���'r; date of disburscment at the Note rate and shall be paynble, with interest, upon noticc from I..ender to Borrower rcquestin� _
<br /> ;�.•^�;.; puymcnt.
<br /> 8.Mortgage Insurance.If L.ender required mongage insurance as a condition of making thc loan secured by this Security _
<br /> -• -��' Instrument, Borrower shall pay the premiums required to mnintuin die mortgage instarance in effect. If, for any reason, the
<br /> �"�'"''t mortgage insurnnce coverage required by Lender lapses or ccases to be in effect, Borrower shaU pay the premiums requiral ro -
<br /> �_;� ,{�° obtain coverage substantially equivalent to the mortguge insuranee previously in effect, at a cost substantially equivalent to the
<br /> � 3f��=�` cost to IIorrower of the mort a e insurancc reviousl m effect, from an alternate mort a e insurer a roved b Lender. If -
<br />:;�i»,�.. ,;, . b'b P Y � E'U pP Y _
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<br /> . Pagu Y of 4 Form 3Q28 8190
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