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<br /> 'the Funds sh�1l t�. hzid it� �n iHttliution ��•hc�sc� derx�ri�s urc_ in�uresi by a fcdcral agency, i�rst��ismentality, ar �ntiRy
<br /> (i►t::ludiug l.cndcr.if 1.rnt1.��•z,h��r.h an Institutf:r.�)�r in c!uy�.'8sr,t1 flni�x.ir�uiu Nunk. i.ender shafl t�pply di�Funds to pay the
<br /> �:�:�:��sr�Tic�:��s.(.c,n�i���•iri:�y��nt cl�:acf c i9mc+nvc�i'a•r huldin,,�snd t�,�l�lpl�is�ihv fmul9,c,muinlly unrJyzinF the cscrow«ccowu,ax
<br /> verifying the Escraw Ittntc,uules�I.ender payk&�rr:iwer i�rtcrC�s on 1l:e I�u�N1r aix{a{►i�IlcaNlc law pcnnUs I,ender to ivakc hucii
<br /> a charge• Nawever, Lender nu�y requirc I�c�rrower tu�iuy w o�►e-U���char���ti�r un in�lu�xixle�it real estnte tnx repurt9ng service
<br /> usad by L.erder in canixctinn with �hiK iwr�, unleya� appUcaMo tNw pruvideK o�harwise. Unless an �ig�i»ent is mado or
<br /> applicable law reyuireg interest ta be pald, I.ender nhall c��t be rQyulec�ic�ry�y�►rmwer wny interes2 ar earnings an the Fu�x�a.
<br /> gprmwor�nd(,ende� m�y ��tee in writln�,however, �hxt Inteta�t ahxll t�o pMld an tho ftui�l�, L.erxtcr s(tn�l giva to Borrower.
<br /> withcwt cl�aurge, an ennua! uccaundng of the Fund.r, ehetiwfng cmelll:Nn�l dol+i�» 1��tho Fuixly arMl tiw pwpose for whidti exch
<br /> tIi.JI[Ili(�l:TTUi7�s w:.�n�.�c..Th:F�Ui<<��Gt:(�Inl�rt rs rd�ll�l,►►zw!►!��i!ri�v I��r Hli auinc hecurcd by diis 5cctu�ty Instrumcnt. ,-
<br /> If the Funds held by Lender r.r.oeed the�r►xwnta pormUtal to bo hc�d by�p�►llc�lo Iww.Lc�xler shxll au,�ount to Borrower
<br /> for the excess f�u�xJs in Arcordance with tt�roqufrementR oF�pplb:aMle iNw. If thn rmvt�nt nf tho Fu�xis hald by Ixnder at any
<br /> time is�wt suificient to pay the Facrow Item�when dua, l.crxler nu�y�r�H�illy Fi�irrnwer in writing.and,in such case Harrower
<br /> shall pay �o L,encier thc umount ner,e.w�ry to mdco up the ckPicien�:y, fk►rn►wer Nhwll nu�kc up the defioiency en no more than
<br /> twelec monthlY paYmoncv,at Lender'v sole dlacreUun. �
<br /> Upon payment in full of ail sums secute.d by thf� Socurity lnxtru���nt, I.r��ler tihall prnmptly refunil to }3ort+o'wer an�
<br /> Fur.Js h�ld hy[.csuier.lf, i+raier garqg�aph 21, I ttxl�r Fl�rll uc:qulrn ur xcll lhe i�r�yxrty,l.etxlcr.prtar ta the n�qui�itimi��or 9ale
<br /> of the Prope�ty, shall a�ly any Funds tKW by l.ander�t the dme uf wcqulRidor��►r�wln w�a crodit ugaiust the sums sa�irr:fl�by
<br /> . d�is Security Instrument. •
<br /> ' 3.Application atP�ymente.Unless applicable I�w pruvidea�xherwlRC,kll paynxntx recelval hy I.erxier under parugraphs
<br /> ' 1 xnd 2 shall be a�+lied: first,to anty prop{�yment chsugen due und4r tl�e Nnte; �rcarwj,to wnxn�nt�pnyable ur�ter paragcaph�;
<br /> ' third,to inc�rest duo: tourth,tc�principwl due;and lavt,to Mny late ctu�rRo�dua under tho N�xe. •
<br /> ,. 4.Gbu�ry�tn;t,leae.Borrower�haii p�y all taxn,wirucmentr, ch�r�a, flae.s wx1 impu�l�ianr Wtrlbutable to the Prn�erry
<br /> which may attein priority over this Secunty InstNenent, and leskhold p�ymer�� �or�rnund rent�, if Any. 8arr�wer shall pay
<br /> .. these obiigutianx in fLc uuuu�ci��►�vids�t�,�a.:.�rS.lti 2.nr iF aat Fsid in tl��:m�^!�r,l�ort�awer.1u11 n�y tf�em an dme dlra.Yiv '.:,,.-
<br /> to tl►e pefson owtG payment.Burrower st�li promptly furnlsh to Lender a!l»atlao�n!�ttxHante ta bc pNid u�xkr thia pxmgrapi�� ,�'.��• ..,
<br /> ' If kiocrawer mnkes thsse payrrnnts cll�ectly.8orcrwer ahslt prontptly fumi�h to L,e,nder ra�elpu evldencin�tho p�ymenis. r,- •. .::.�.;:;
<br /> '.'�liirrower shall prom�xly dtsct►er�e�tty lien whfch has priority aver thi�Socurlly In�trument untau►Bc>rrawtr: (A�agr�ecs ia',:•:� �'•�;
<br /> wdii��;•to tt�payment of the obl�sation�ecumd by the llen ln a mcntxr accep�bla t�L�rnder;(b)ccmteatr in poa!fdth tha lfen �: .:�
<br /> by, ot defends ugainst eRforcement of thc lien in, legni proccxdings which In the I.encier'R nqinian�per�te to pnvent th�; :' ;' .•
<br /> enf orament of tix lien;or(c)secuns froAn the holder of the lien an�rocment Ru�lsfwcwry to l.erde:r suberrdi►u►ting�he lie:n rt'a_� '•
<br /> this Sccuricy Instrumen�. If Lender drtemurKS ctut nny pprt af�h e P ro p eny le au b Jxt ta a I kn w h i c h m�y M t a E n p x i o ri t y�i v�;i '�;'.�:'
<br /> this Security Inswment,L.ender mny g6ve Aorrower w notice idenllfyin�the Uen. Ac�rruwqr�h�ll r�tixfy lhe lien or tqke c»�cr ar.y:,.;:..
<br /> mon of the ectio»s set furch abnvr within 10 days af the giving af noticc. �'
<br /> S. �rd or p�tiy Teeuraoc.e. Borrower a1u�11 keep thc improvementa now exirUn� ar heroa8ac crocted'nm t1ar� :{�:..`.�.
<br /> Property insurod agRinst loss by �re. hazards included w(tfitn the term "extendai rnve�e" r�x1 any other h�arda..incia►ding• �; ,
<br /> fluods or flooding,for which Lendcr roquires i�uuruxe. Thiz i�uura�ce shnli be snMlnuinaf in!he utx�unt��nli fnr tha pr.ciaiR `;
<br /> TIIitL T.CifaCC ICQt11ILS. 1tiC ItISU[taic�i;iflivi yivi"i�ii�2i.G lr�::r..��..,�i�.���t��!t2�Mrm�uwr a��hiwi�l itt�I211deC�b iOt1DbY11j.'
<br /> • which shtll r►oc be unra�son�bly withheld. Jf Horrower f�ils to mafntain caver�e deacNbod obnve, I.ender rrwy. Rt i,�der's
<br /> �p�iES�t;yobtain covorage to�frotect Lender'e righte in thep�pe rty in aoa��d�nce w�th prr�r�►ph 7. �
<br /> iR�l.insura�ut po�lcies ancl rer�ewds stull be asapt�ie to L.e�xier�nd �hall include��►+ttlard mc►rt�e clw�e. L.eade�
<br /> shall���ire the right t�hold the pnlicies�nd rcnewds. It`Lender roquir�,Barrow�cr aiudl prompllY jlvc ta I.ond�r�il reoeipta of
<br /> p�id pnemiume ud raxwal r�tias.Yn the event of lasa�Borrower sluill give p�ompt noilco to the in�urwwe rrltier and I.,e�cleur.
<br /> Ixnder enay m�ice prooF of loss if not mecle promptly by Horrowe�.
<br /> Unles�s I.ender and Bocrov►er atherwise agra in wdting.iruuranoe Qrcweod��luill be p�plled to r�Ma'tdian�x npd►of tbe •
<br /> propeKy daa�od,if d►e restocstion or rep�ir is oatinomic�lly fwiblo�d[.ender'��ecudtY��nd�M��ed.�t tM r�a�Mj°°°r
<br /> repur�s not oca�omic�lly feasibtc or i.arxkr'a seeurity would be Idaaened, the Inrura+rcep �b�lt b��pplMid to d�� _
<br /> saa�red by tbis Sxurity Instrument, whether or not tt�rr.t•due, with ttny exa�u pdd to llkmc�+w�r• lt�xrowK ab�ndoh di+ _
<br /> t'mperty,or doea not rnswer within 30 days a natice Frozt�S.ender that the Inauau�oe curier ha off�rod W e�tib�cl�ina. tAen
<br /> I.ender �aty collxt tht insusu�c+e procosd�. I.ender may ua� the naecfy ta r ur reawro the rrapaty� or to pq w�
<br /> pncee
<br /> � xxured l+yr ehia 5ecurity Iintrumea�t,whether or not thrn due.The 30�dayperiod w II be�in wlwn 16�notla h�iwn:
<br /> Unles� [,ender and �rrower ntherwise agree in writing, any il c�tlon of pmceod� w princl�wl �hll not ticMAd a
<br /> post�,rxnc.tho due date of the is�or,ihlY pwYments rsferred to in psmqr�ia 1 a�d 2 ar ch�nja the�utiautM M th� payd�sna, If '�' :-
<br /> pos
<br /> u,rl�r.,�magr�ph 21 the Property is acquired by I.rnder. Dor►�wer's ri t to�ny imur�e policia and p�oe�M nwlti�ltoan , ;,:_-
<br /> . daau��:io tho.�perty prior t�the�a�wsiNon sb�ll prax to Lea�der to che extent of Uia eumr iecured by thit�ucvdty laKtwwnt . . -
<br /> pmrt�ed�PeJ�r.�t,iis;tb�,tbe acqtueition. .
<br /> f.(,,,�ip�n.c�,��h+eaervat6on,Mafntaaace wd Protectioa of tho lh+o�ert7,�arror►ur'�1.�aMa A�IOaNbMt L�re�li�•
<br /> Horrow���1t o6cupy,�tish.and u6e the Propeny ae Borrowa�'S principal roaidenco withln slxry d�r��a'the esxutki�ol
<br /> t�►ip. ,:cy�ity Instrument and al�all��►tinue to occupy the Property a�Borrower'a princip�{raWarco for�t I�t a�rM yt�r'Jbix
<br /> the�tv'of oavptn..�y,unless I.ender otherwise�gras in wTiting, which cor�ent�tu�U not be unrcara�bly withlw{d.a unl�e� �
<br /> eate�tinQ circvmatanc+e� exist which are beyond 9ornuwer's controL Hnrrowu �l nat datmy, d�e r►c Imp�fr tlea
<br /> Praperty, allow thC Property tu deteriorute, ur canmit wrsta on the 4�rc�perty. �►�mWO�.n,�i � i� a�r�it tr«ny farl'eUurc
<br /> :', " actioc�„or p�raxe.�ling.whether civil or Griminxl,is begun that xn I.ender's good f�itb Jud�menc uould rowl:In I'oN'aiture oC the
<br /> ' �ro�i;tty or o�t�a�so msterially impair the liea cra�ta!by this Security tnstniment or[,er.tder'r�e¢urity i�nter�l�Bnrmwer tn�y
<br /> � cur.Lj''su'cA a defaulc�nd rcinstace,as provided in pu�nph 18.by causin�the action or prcxeedin�tn be di�ml��ad wilh�rulin�
<br /> ' rhat,��'in�Lender's gaod feuth detemnineaon, pra:luda forFcituro of the BorrowePe inRCresr in the Proparty nr �xheF mN�rial
<br /> Iriip�irment of the lien creatod bJ xhis 5ecur3ty Instrutt�ec�t oc L.errder's eecurity intereat. 1�►Tawer �h+�ll �Ira bo in,ckf�ult it
<br /> . � Borrower,during the lo�n eppliration proc�s,gave tndteridly f�lse or in�ccurue infornrtian or�latenknt�ta l.en�lar(rx/dlad
<br /> � . ta providc Lendcr wich a►ny tnatcr��l infottnation)in c;ann�xt8on with the lou�evidencod by the Nnte, f!x1uJi» ,hul tx�1 i1mUa1
<br /> to.x�,�ln�entations coneerning Borrowa•'s occupa�icy of the Property as a principRl realdence.if thi�Sa:urity�nat�ume�q 1��►n N
<br /> 4dr�sett�t+1, Horn�wcr s�lt compty with all thc pmv�sions �f the leaec. If Borrpwer �;quin� fco IiUe w the i�roperty, the
<br /> 1r.Asehc��B and t1�r,fee tide sh�ll not mcrge unless l.endcr agrees ta the rricrYer in wrltina.
<br /> . ••��.Plnottl.K3m��all.e»der's itiQ�in the Proptrty.If 9orrower tuils to perfomt tha saven�rtt�nz�d�roemetu+c ccHMal►�ad in
<br /> , thiE�Sa'ar��y'�»;�i'1(lxuo►►t, or thcre is a legal pracooding tFu�t may sign��'ecu►Hy atfect Lender'�ri$ht� in the PmpertY(�uch p■ � -
<br /> .. .. prpcc�iSing dn baitkrvptcy.probute,for condem�wtion or torfeiwro or ta enforcp l�we or re�ulMt�unr),then l.�e�der t►�y tSn Nnd
<br /> pay:,fc,:rt,whete�er iar�a� in t thc value uf the Propeny and [.fsxfer'a ri�ht� in thc iht�pcny. Y.et�lar'e �if�Np�y
<br /> i�a�{��_p�ying pr►y. su i�rr .<�ec.�urcc��a lier which hus prir�dry over this Seeurity �nattument, Nppexrina in c�wh, p�yi�
<br /> rca,ti�i�'tiible aitorr�eys'�as and entering on tNc Property to maKe repai�. Attnaogn►.enaer may ni��iion mRx:r mis��pn -
<br /> 7.i.endcr doac not have to do so.
<br /> • , Any anwunts disbucuxi by 1Lender undcr this paragcriph 7 shall become c�cidiEioru�l drbt uf Hurruwrr �;urat hy IhIK
<br /> Security instn►ment. Unless 8orrower and Lender agra tn other tcrms of p�yment, thtse wnxrunts Kh�l) be�r intaroal Crnm thri
<br /> date of dlsbursemont at the Note rate am1 shal!bs payablo, witlT lntcrest, upor� notice Prom l.eixlcr t� 8orruwer reyueMin�
<br /> P�',•tnont.
<br /> �.Martga�ye C�unirancc.Yf Ler�der required mongagc insura�x;c as a corxlittan nf making tho I��nn Eccurecl by Ihi�Srcurlty
<br /> Instnarmc�t, Burmwer shall pay the premfiums requircd to n�sintain the�nortgag� insurance in effect, If, ti►r uny re���n, �Ix
<br /> • mortgage insutance roverage required by L.�nder lepses or ceasos tn bC in effect,8nrrower Fb�l1 pay tho promium:r rtyulcoQ tu
<br /> � nbtain covcragn�substentially equivalcr.t to thC mort�ge insurance pro��lou�ly in cffcct.Nl A C(11t BUI1fi1NOlIMUy�UIVNII.'l11�0 I�W
<br /> cust ta Borrower of the mnrtgage insura�nce previously in effect, from an alternate mqrtgs+ge insurer appruvccl hy I.e��;ler. 1f
<br /> , . a.�.x or• !'orm aQxO �lM1
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