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<br /> � �tiY 011�H�vPS1NNICIV1�Nl
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<br /> _—_.. w�{-aWYr -- — __.__r— _—r�_—.,s_=—'_-_—»-- _. —_
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<br /> GTedern! a �nt�, inst�vment�lity. or cntity
<br /> 'Tho Fu�t�s shall bc hct�l in aii iittitltuUnn whos� dc�wsit�; ure insarcd H�j 8' /
<br /> (incfudin�;l�c�iu�cr,If I.ci�icr Is;�ucl�nn instilutl��n)�7e in r«ry�catcral t'�m�I.nan 11ank. [.en�ler sha11 a�pply the ru��1.s to pay the
<br /> �uruw[te�ue. I.Ci1fjCC illdy IIUi C�lar�;c{3oir��acr fo��iur!t�!l��;;miJ�.�p��ly�iag tlic l�unds.�i��►nrdly nnalyxing Uic csrrow:cc�:ount.ur =
<br /> wer{fying 1hc l:s4row Items.unless L.e�xler wnys i3orrau�er f�itciti::t<su thr.�4��tds And a� llcablc Inw(terinits t.crt�1:c to ma�;e suci�
<br /> u chnrgc. Hc�wov�r, Lendcr ma.y rec�uiro Po�roe+er to pay a one-tirrva caasrge fo,w► i�cpendent rcal estutc tax rcgoreing seewice .
<br /> usa.l by Lerwier in co�necUnn with th{g lfi��n, unlcsw appliceblc la:w pmvtdes othcrwise. Unlcss un ogreement is madc or
<br /> applieable law requires interest to tre paic�,l.eixkr shaU not be requircd ta p�y 13orrnwxr any intarest or earnings an the Funcis. .
<br /> Borrower and Ltcxter mny agree in wrtting, howev�:r.that interast sh�A be p4id on the Funds. l.end�r siwll�ive tA Borrower,
<br /> without c8arge, un smivai accounti��g of the!r'unds. showing credits and deb�ts to the Funds und the puxpose for which ea�:h
<br /> debiT ta the Fur�ds was made.`€he Funds are pteQgeJ as uclditiar.al sccurity for all suma tPr.unxl by this.",ecurity InstrurrRnt.
<br /> lf the Funds held by Lendcr oxcea!the nnwunts permittaf tp be held by applicable law,I.endee shall ac:.ount to Borrower
<br /> for the excxss Funds in accordar►ce with the requirements of anplicable law.If the amount of the Funds held by l.e+►der at any
<br /> time is nat sufficient to psy the�scruw Items whcn due,I.ender mny so notify Borrower in writing.nnd,in suzh case Rorrower
<br /> shall pay to L,e�vler thr,arxu�vnt necessnry ta m.ako up the deficiency. Borrowr,r shnil make up the d�ficsency in no more than '
<br /> i�rcive mo�uhty�ymr_nts.at Leaxttr's solP discrecion�.
<br /> Upon p��ycirnt in ftdl of all sums �u.red by•this Sesurity lnstnament, I.ereder shull prompciy ref.ur.r,i•yo��a�orrower any
<br /> of ha Pra�pr y�h311 upply�y Funds h Ici by�der utf Zi�e(ien o��oquisition or sale a a eras��tn��-cn:t�he suUmstsecured by
<br /> 9his S�curtty lnstnimr.nt. •
<br /> 3.Ap�tiks/ion a�W�ymeuts•Unless Applicable➢A�v;�ravides otherwise,all p3ymcnt5 received by Lcnder:��dLr parngrap s
<br /> 1 ar�c3 2 sFull be appfied:fi�st. to any pnepayment chargce due uncler the Note; seco�d.co an►ounts payablo unde:paragraph 2:
<br /> third,to interest duc: fou�th,to prirrip�l dua;and IaSt,to any late chArges due under tt�e Noto.
<br /> a.���p��,go�W�r �h�1{pay a!1 tax�s,a5s�ssmtnts, char�es, fines And impositions atuibutable to the Aroperty
<br /> which muy atwin pria�riry over►his Secta.rity Instcument. a�xl leasehold paYments or gmund �ents, if wny. Bocrower sl►all pay
<br /> thase oblig�tbns in tlie manner providod in paragr�sfi 2.or if n�,t�vrid In ihat zr,anrttt,Bs:rmt�tr sh�ll�y them on tla�e directly
<br /> w the per�on�wodp�yment•Borrowtr sh�l�Promptly fumish to Lender all rrattcew of�uixwnts tu be paid under th�puraigrnEsh. ,
<br /> Ittinrrower mRke.v the�o p+�ynxntR�fir�rtly,�orrowor ehall prompNy fomiRh to I.erxkr roceip��s evidencing the pny
<br /> �rmwer Rhall promp�ly discharge uny Ifen which I�ay prlorlty cwer thl!+Sccurily Inr�tn�ment unlcss Heirrower:(a)pgt�ea in
<br /> wt�tin�tu ttx�yment of tho ubllgaUon Rocum!by the Nen in p mrnner wccept�►ble to L.enckr.(b)rnntests in�axl f�ith the lien
<br /> by. or defend�► wyNlnnt cnfurcenKnl oP th� Ilen in, Irgal pr�KCaiingr whfch in the l.axler'x opinion opentc to p�vent the
<br /> enton�emenl+�f tho Ilen;nr(c)saures frum�he twldtr of tha lien an n�ramant ra�Uxfwctnry ta l.cnder rsubordinating the lien to
<br /> �hfK ."►a�urity In�ln�nxn6 IP lxnder determltxx thwt �nY prrt of the Pmpe�ty i.r subJect to a Uen which may Rttain pdority over
<br /> thl.r Sec�urlly Inrtrumem,L.e�xSer may gtve Borrower�raticc identifying tho 11en. Borrower siwll�tisfy tha.�en ar trkC ono or
<br /> mora of If�e+�ctlonr�et forth�bawe within lU d�y3 of the giving df notice.
<br /> s. }wqi� �. propMy InsarMrice, Borrower ehall kcxp the improvements n,ow exieting or here�fcu erectai on tbe
<br /> propeKy fnsurcd agaenst laes by fire,hauu�ds inc1�within the term "exten�ted covr,rage" and a�y othK t�x+�rds, including
<br /> flr,nd�or floodinrt.fos whi;h l.render rcqui►tiw insurance. 'rhis it�suranoe shall be�n�intaincd in^he��an�outus�jnd f�,thea�o�d�e
<br /> that Letvkr requires. Tho insurance carricr pravi�ing the insurancro snaii�v��L�����%��—r-�J--_ �
<br /> which shali rwt be unreasoiu►bly withheld. If Borrower fails to malnuan coveruge describod above. L�c�er may, at i.eiider s
<br /> o�tiun,obta�n coverage ta protect Lender's rights in tha PrnpertY in acco�nce with parnBraph 7. .
<br /> Al! inwreu�ce pnl(cics und cenewu{s shall be acaptab�e to i.cndcr and sha[i include a stanJxrdomo���r���:�f
<br /> siwll have the right to hold the�olicics and renewals.If Lender roquires.Bormw�r ahall procnptly g 4�•. .
<br /> p�pr�miwns acxi renevv�tl nopcas.In the ovent of loss,Borrower shall give prompt notice to the lasurAna c:�ri�r and•l�t�t1.{�rX.
<br /> Lender may make proof of ioss lf�at made prompdy by Borrowa. '
<br /> Unless I,etder w�d Horrowa otherw�se��n�ting, ingu:ancc proc.eeds shall6e apFliaf to restorntibn or r+epeir of tha
<br /> prape�ty dam�god,if the,�stox�tion or rep�tix is economically�rasible anrJ•I.cnder's securiry�s not Iegsened,•�f the restaration u�
<br /> r�a��;s not ecommicelly feasiblc or Lender's securlry would t�lesscTx:d,lhe insurance pce�ce�lR,�j�all bQ aPPlied to the sum.+
<br /> sxvred by thia Socurity Instrument,whether or not then due. with any racccss paid to Borm�var: Xf���w��bnncbns ei�e
<br /> property,or doea not w�.swcr witbin 30 day:c a not4r,e.from Le�x1G1'thas the insurance carrier has.offor�r]tv s�tt1e a cla�m, tha►
<br /> Letd�r rnay colltet ths insnr.nnce ptacceds. Lendcx.may use the proceals to cepAir or c+estoro the"Pt�pe•r't�or to pay sum� ,, .
<br /> secura!by ifi[s Securiry In;�ttY�ment,w1�er nr not tt�et��due.'i'he 30-day period will begin when the notica��,g`iven. ,
<br /> � Unless l�ender and Sorxower nthcrwi,� agree in wriYing,;an.y epplication of pnxeeds to principal sl�tl not ex�end or
<br /> posCpotlt 111c•dUe ddte Of[he luortlii??',�ayments refcrrod w in�agcaphs 1 and 2 or change[he amonnt of the pay,m�n1�: If
<br /> • under parygruph 21 the Property is�cqu�rod by Lender.Borrower's r�ght to any insuaance policies and proceCds rC�ylt�[tg'trom
<br /> dmy,ge to tbe Property prior tA the acquisition shatl pnss to I.euder to the extent of the sums sa.'und by this S�curity CnsEr�+txnt.
<br /> imm�odiately prior to the acquiaition. .
<br /> . 6.Oavp�n�cy, Preaesvation.M�latawnee�nd Pmtecllun of tl�e Y►n�ipertY;Borrower'a Loaa A�]ter�doo;�-
<br /> Borrow�r shall occupy,est�blish,and use che Properry es Borrower s principal reside�xx wit,hin�ixFy d�!�after the exocutio�of
<br /> , thAS Security Insccume►x and shall continue to occupy ahe PropertY ss BOn°wer'�principat c�c:»�cicnGe fbr,at least one ya�r afkr
<br /> tha date of ocenpv�cy�unless Lender oibarwise agrucs in writing, whiah consent shall noR be;unres�so?�ably withhdd,or unlcss
<br /> • �. �•,extenastting circumsta�x�s a�ist evhich'Bre bcyo:tid Barrower's wntrol. Borrower shall sat•deetiby� dnmage ur impair tho
<br /> " 'S�roperty,.xllow tltie Property to detoriorate, or oommit waste on the Pro(�ctty. Borrower shail be in daft�t�lt if an}r forfaiture
<br /> � �ctian,ar..jpcoaoding,whether civil or odnainal. is be8un that in Lender's gcod�'aith judgmcnt.could.tesul;in forfeiture uf th�
<br /> prop�tt,,+ac�othenvise nmterially iinpa�.r tt4e lien created by this Securit�Instrument or I.oncter'S•'security interest. Bornjwe�may
<br /> pa
<br /> � •cure suah a default and re3nstate,as provided in parsgrapii 18,by causmg the mction er proc�eeding�to be diamissed witl��a:r�iling
<br /> �that, in t.ender's good faith dcternilnution, precludes forfeituro of the Borrower's interest m.ot►� Pxctpoxty ar uthcr ni�terial
<br /> impairment of d�e lieh created by this Secusity Tnsauirnent or Ixnder's securiry interest. Bot��Uwer shzt9t"s6�o be in default if
<br /> Sorrowcr,during the loan application process,gavc materielly false or inaccurete information ar statementt�.4o Lender(or fuled
<br /> tn provide Lender with any materiallnfurmation)in connection widi the loan evidenced Dy ta: Note,inctuding,but not timited
<br /> to.repses���tacion9 cuncerning Borrovicr's occu�a�tcy of the 1'coperty as a principal resider►�e•If this Security Instrument is on u
<br /> leasehotd. Burruwer shail comply with nll the prnv�s�ors of thr. Icasc. If Borrower acquires fce title to the Property, the
<br /> IoaSeLold and the fae tide shall not merge unless Lender ogsees to the merger in writing.
<br /> 7.Protectlon of 1.ender'e It[B�te in tP.t Ptnperty If BorrowGr fails to perform the wvenants and agraements containod in
<br /> this Securiry Instn�ment. or thera�s a legal procendi�8 the�rnay signi�cantiy affect Lender's rights in the t?roperty(such as u
<br /> proceeding in bankrupccy,probatc,for cnndemnatAOn or forfeiture or ta enforce laws or ngulations), thcn I.ondcr may do and
<br /> pay�for whatever�s n�MOs�<<.wri hv� l�enVwuhichrhe9 Df o�rltt�over t�s�eSecudgytl strument��app.YeannB nr�c urt�paYing
<br /> resisonable attorneys'fees and entedng on thc Property te muke repairo.Although Lender may iaKe acucm unci�r inia puagia��
<br /> 9.Lcndcr docs nut hme to dn so.
<br /> Any amounts disbursed by i.ender under this parugraph 7 sha�l become additionsl debt of Borrower sec:ured by this
<br /> Sccurity instrumcnt. Unless Homowcr nnd Lender ngr�ec ro other tcrma of�rayment, these amaunts shsill bear interest from the
<br /> datc of dasburserr►ent nt thc Note r�te e.nd ahall be payubl�. �vith interest. �pon noticc from Lcnd�r to Borrowcr requestingr
<br /> A Itle t
<br /> � y i3�Mor�g,s�ge Insurance.If i.ender.�eyuirecl mortgaga insurm�ce as a a��di3ion�f rraking the loan sxured by this Secu ty
<br /> -- Instrurncitt,�oxtnwer s'h�ll pay•tl�e premiuTns aequired to m�imtui�tli�ua�n��e icz;usanco m cffect. �t�, for any reason. the
<br /> rn�ttgxge insurance cc�vetuge requir�c�by i.endar lcipses or c�::�y to b<:in efrfect.Borrow�r ah�li pay•she premiums required to
<br />"•`� dbmui ecrv�rngv suE�stantial�y cyu�vsilent�tm the mongage insi�,s�nc•w pmviously in effect,az 2�c�st substu�ltially equivslent e�.the
<br /> cost to l�orrower c�f tha mortgng��znsur�ncc prcviously in effcct, from nn nitcrnatc mec2guge ansurcr approved 6y �.�.nder. If
<br /> Veqe Y o14 Form 3028 9190
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