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<br /> Tf►c Fuixi� shall bc hcld in a�� i�istitt+tion whose dc}wsi.s ara insurcd by n fia�crnl +�gettry, instrurncnt�lity, nr cnt�ty
<br /> (i�trfudinc�l.�rx►tr, if l.�ir.!er is sticl�nn institutimt)or in any Porlr�til Hon�Loan tiank. $.ctt��r shnl!�p�ly IhC Fundy Rsipa.V the
<br /> Escr�ow Itr.ms. I,ca�4nc�si.iy ns�t��1iarl�s Ilc���rowcr far hnldln;�nntl n},tiJ�l}�i�is;�h^f�ar�rly,a��nua+.ly mu►tyain^Ili:e�;cruv+�c��:mmt,or
<br /> vGr�fying lfic l:scrosu l�r.ir�y.u�i!ess&.e��°.r pay:i GOfin'+�'Cr IP{iCTf:St Oil lll�1�wv�S4 urxl u��plicablc:!aw�H.tr�iita I.�cndcc t��ij:ukc tiac4
<br /> u chAege. Hc►wcvcr. l.�1�1ge may R�c{uita Ki��a'Uwer to pay n o�►c-tintc�:l�arge 3'ar un irklcpcixlcnt rcal ss4ate trx re��rlin�servicc
<br /> usaJ by l.encter in connecUon with thia toan, unic�s applicabte lev� providc9 atherwi�e. Un!ess an agretit�rnt Ik mx1� or
<br /> a�nlir•Abld law rcquires inter�st ta bc�Id, Ixrxler shall noe�r.yuieed to�u►y�rn�wcr uny interest nr eArning4�n tho Pueid�.
<br /> &�rrot�•�r wxl C.eixber m++y y{rcc in wrUinY, however. that Interest shxll ho pnid�►n tl�f�urxls. L.enJcr siwi!give tu�rrower.
<br /> wfffaut�hwrRe, an xnnuAl a:caunting of thr['urw1�, showin�crdiUe+Anc!ikt�►!tN tn Ihc f�wxPs K�xl the�wr�►s� fo�whkh ench
<br /> �!ehlt to�h�f����x�i wi!s m!�!e.7'Ik Fmr.t4 E!re,�+Inl�dl eti w�kifUo�wl tiecurlt.y f'ur ull su��ts secutet)by th'ss SKr.ut'ity i��slrunjenL
<br /> If�he Furxle hcld by l.ender excad tlx�naunt�permjttal to be held by��pNr,�ble Iuw. I.�n►Ser st►all acccwnt to s3o�row�r
<br /> f�r tho exras Pund�in ac:cnnlr�nc�w;ti►the rcyuircmen�.r of RppllcabiK law. if Ihe env3unt af�he Fu+xis hcld by Lencier�t a��y
<br /> time ia no�sufficiene to pi►y thc Hsrrnw It�in.r•when�lue,I.cncler may u�noNCy Born►wcr In w�•iting,�u�d,in suth rx.se�orraw•rr
<br /> �tull pwy to L.aafer the amount nocessary t�q�u�ce up the�l�firiency. Borrv�wcr sh�ll nwJce up ttK de�cie,�cy in no nwre tfwn
<br /> twolva mc�nthly puymtnts.xt Lc�xicr's snlrt dihm�itcon.
<br /> llpon payment,iu full of all sumn sttaur�d�by this Security Instnime�nt, I.c�er shall promptly �fund to Ilorn�wer aqy
<br /> Fu�xis held hy Lencier.If.under paragr�ph:?.1,Letider shall aaquin:or seil tlr,e:Property, Laaclor.pnor ro the ecquisitionor xalet
<br /> of tha Pr�Fxtty,shAil apply any Funds held by Lrnder at Nte tin�c af ncquisition or sale as a credit agaiast the sums secured by
<br /> ti�is Sccurlty Insiniment.
<br /> 3.Applir#tion ot�ymtnts.Unlass appticable law provides ott►erwise,all paym:nts�e.o.lved by LeaticSe•r undcr paregraphs
<br /> 1 and 2�ful1!x appliai: Grst.to any prepaymr,eu charges due under thc Na:ep socond, tu oxtiwunts p��nblss under pa�agreph 2;
<br /> third.to interest duG;fourth,to principxl durt;nu►Z���n►Q any Inte ciwrges du�ur�der thG Nt►tr..
<br /> �.GA�u�ee;i,{ero. Borrowcr shall{x�y nll��taxes.assessments. churgc�. fines ux1 im�sitiocts attributable ta�hrr Property
<br /> which rru�y:twin priarity over this Sccur.iy�dqt►tY:ument. and Ieaselwld psymaKS or gra�nd rents, if any. Bortnwa sh+ll pay
<br /> �n9legetiens Ir.t!!c►r.�rs!��rot�'sd�,���.�mt�v�,�g�+t�?...or�f nnR nwid in thM muincr.Bonnwer shal!pa�y dxm on tim�c dirocdy
<br /> t�nhe pGrson awcrtt paryment.Borrowcr shnll;�tr.•it�ptiy fumosh ro l.erxkx all notiocs of aa�ounts to be paki uaderthis parrgr�p�h.
<br /> lf Honuwtr erL�lc�:ltaese�yments dircctl;�.�'�;rvs�+er shall promptly fumish ta L,cnder re�eipts evidcc�ra�r,ihe peyments.
<br /> Borrc�w�r,shhlf.promptly d'escharge on f•ii►tc�.�1Li�h has priority over this 5ocurity insuu�nent untcss Borrowe.r:(a) agnx^�in
<br /> writ+ng to the pn�ment of the d;la�ot'son sec�u*:et��t�c:iiers in a mznrtir aooeptuble ro Lender:(b)oontc.�sts In goa3 fsitt�thts 8esa
<br /> by. ox defee�ds against enf'or:�rtt of thr. li�in fn, l�tgnb ar�ceodtngs which in thc Lendcr's op[nion oparate tu prrevu►t ti�
<br /> cntcr;arment of tho lien;or 4s)r;ecuces fc�m thts f7a�ifur,qf,fJa�t Irr.n an agreement sutis�f:�tory ta I.ender subc►rdinatinE tI•r.IFe�n ta
<br /> chi.s 5�rity Instmrrxnt. If L�rander determinr.s ttuu ct�y t�i�uf the�opr,rtp is sub�r.ct to a lien whicl�may att�in prlari�y over
<br /> this 5ecnrity Tnummrnt. I.a�ier amyg�va��:�s�er��wticc identifying du lien.F3arrowcr sh�ll satisfy the lirn or taia one or
<br /> more of the sctions set foith abov$withirn!C�Juti��+.ot the givinE of notIce.
<br /> 5. Hanird of Property Imcuranca �'a�xec shell koep the im�rovern�nts now existin� ar harcafttr e.mtad on the
<br /> Prop�ny insurod agxin.st loss by fire. ha�rdy i�eclt+dod sviehin the term eatended coverage" and sny otlxr. �uuci�, including
<br /> floc�s or�loodin�. for which Lender nquires I�s�cr�.'P'tiis insuranae shall be maintaiued in tt►e amotmts anl f�r ttaepra�ads
<br /> at�:E.tr.�.^s zti�t�.Ttr ir�..�.�*s�:��i�r•�:1r::���'�si i4�r�rpm�h.911 hg cMcen by 8ormwer suhiect ta lc�cStt'���pcovil.
<br /> which sh�ll no3 be unirasonebly withhelJ. �±F�k:cr:�s�ec t�ff;�;ta maiut�fn au���;rttge cirsc�ibod abo�ro,'L•,et�der m�y.�. l.err�tr�f;..
<br /> aption,ol�tai»ooverage to protact I.ender'ti ri�hki�a.R�4ia�s 1?r���re�ty in�mr�}�utoe with parrgrnph 7.
<br /> All inwrance policies and renewals s9:�1S1��ara�,t;st J�e tv l.ernter and shill incl�M�a stund�y:mutt�age c:iwse.l.endqc�' :%.
<br /> a
<br /> stwl!have tl►a right to hold the policies and ienewals. 'FYI.'r.anik:r requi�es.Horrower shal,pmmptly giv¢�ta�l:rq�:;�#ili:Sr�ettip4s ot�.
<br /> peid�+anium4+ud�r,newal notects. I�the event ofd�:�s;d1!:vr.cwer shall give ptompt notice tn tho intur�ilwre u►�si�:su�:�Lliwder.
<br /> L,ender tn�y make proof of loss if not mada pmm�ptlY bg�'rv't�wtr. • � • :'
<br /> Unless L.ender and Borrower aherwiso agc�ec in writing.insuranoe prcxxads sh�ll be appflod ta.�xtonuiun ar rc�mir ot tho
<br /> Prope�ty damngod,if the ratoration or t+epnir.e�3.economically feasible And I.tnckr.'6 so�udly is not laks�»ed.tE�rmcor��on a
<br /> n�ir is not economically feagih(e oc I,end+x'�_�curity would be lessenod,the i�uurn�x�e pmceeda ,�'iC'�be appliod to tbe sums
<br /> • securcd bv this Socurity Cnswmra�t, wb,eN4ii�;,;:�,�not then due. with any exoess paid to Borrow�r. ,�'Bormvva' sbrr�da�s the
<br /> Prnp,r,�ty,O�(IOtS IIUL�15WCf W{tjilll.�O(IitYJ 8r 75dtICC�LrC17�LCJ!(�Cf[I"�I tI1C tTtSU[AhOC A1TIC!�IiS O�C1Ld l0 SCt2I!%A Cli�lll, tha�
<br /> . I.c��.::..�Y copea the insuran�ce procaed�. I,trxkr »m;r•�irbe the prooeeds to repair or reswte ti�:pro�+uty or to � swns
<br /> � sEe{bir►�€�/this S9curity Inucumeot,whethr.i�x'•:w�tbetqur+;.The 30�day period will begin whrn thc;zi�ic��s givee�. , .
<br /> ,��:,IJil�1'i;r„a►irx er�d Borrower othatw��+•<p�;r�e in viritin8. anY spAl�eation of pnocceds to }t�'neip� ah�ll rat r.�ta�d vK..: •.
<br /> �' vati�;4i'ie•.r�Gt�:r�f�:of the motithlY Pay�:et,k�ce�et*�s,N'.�In paragnpht I and 2 or ch�the amaunt of tho p�yma�ts.�tF. .
<br /> ,,�:..`�a�$lnlyi7�•.x��,ihe I'ropert�.'s.s pequirsz����s3,a���f�lac?r.:wer's right to any insuranoepolicies ud proceais resuitiK fi�oni•:;�.
<br /> �f�gfl�bg��o thee P�o�►erty preor q:r�rli�.�q¢:altk��.,x�r,Ero�s�►:1 l:�dex to the extent of the sqtm sea�raf by d�is Srcv�aty Is�rwment
<br /> imiinadi#tely pnor to thc aoq�ti�"di►:�q:�' � �
<br /> ' i.Oo�aC9,Pre�a�rti'A;��5�1'uirn�ue zu+d�notaYioa ot'tl�e Pr+ope�t9:Aon'owdr's I.,�Iqw:�►puaBb+i4 Le�tYoi�.
<br /> ' Borrower�ls aaxspy+.estal�l�sTt:�ibd usc U��:4�'i+operty as Bflrrower's pnncipal residenoo within s�.aik,�A�ys xftcr t�e exexwion of.
<br /> this$ocuriry Imtnuy�c and sRq►'�rontinue to oacy{�y the Property as Borrower's principal x�esid�oe:Fbr�t last vne ye+r.stka-
<br /> ' d�date of oa.�upancy.unless IL�n�er othenvise sgrors in wridng.�vhic2�a►nserK s�t!not be unrc�sclnrbly wititibdd� a unkss
<br /> exteinu�ting clrcwr►swroes t�i�ti•;�hich are beY�d Borrower's oontrol. �3ormwu sha!! not destroy. duut�e or ie�poir th�
<br /> Property, allow the P�u��detcridnte. or commit waste on the Property. Boirowa stnll t5t,�n�defwlt if any tafciture
<br /> ' actiwn oa•procoeding,w r civil or cr'vn47thi., ie begun chat in G:ndur's good faith j�xlgment oe�,�cl�aesult in forfdtzue of tb.r.•� •.
<br /> . ptoppty or otherwise mrtmally imgai�th�_C�i�s.�c,�caxed by this Socur:tl[nstrumast or[.ender'e so�rity 3nt�t. Bome�wer ems};;' :,
<br /> cure wch a def4ult and reinstue,es pcav's�+11 ti�h�rAph 18,6y causmg ths action er pr000edirtg tu�e d9�issed wit2��rud'rr��;,
<br /> that. in i.ender's good fiith dcterminatiw�. precludrs fr;r!'eiturc of ttk llarrower's i�terest in the Paaperty or�oirer materisiY
<br /> impaim�rnt of the licn crated by this Sa�ri2y fnstr�rpt�cr.or Lendu's sorurity interest. Botrower t;ult u7sa��in ikfault iC
<br /> Bocrower.during the loan apQlication�rocess,gave rrui�rr�nity f�lsL or ir►accurate infomtiation ur eta�tomenfs to Lender (or failod
<br /> to pmvide Lender with any material infarntaf:r.�n�in connec2ion with the luan evi.denced by the NIuG.,s`ncluding,bnt iwt limitor� '
<br /> to,reprexntations cunre.ming Bormwdr's+.-��alsancy of the Property as u prix►ripal residence.If this Security Instium��x is an a
<br /> lcaseboid. Borrower shall comply with all thc provisions of the lcase. If Boaower xquires fco title to thc Property. the
<br /> leaselald and the fee tide shnll�mut u'�rgc unless r.c►►der a�ntes to thc mcrga in writing. �
<br /> 7.Prota4kr ot l.eod�!c��iGlg,hts ia tt�e FrmpMy�,Ilt But+rower fails to perfdrm,Uiv rnvenants and sg�s cor�uinod in
<br /> Ihls Sa.urity Instcumcat. or therc is a legal proceedinII tba�mny significantly affstt•L.endcr's rightc in the Pcoperty Csud►ia a
<br /> pmooedi�in biu�tn�ptcy,probate, for coademnntian or fdrfeitun or to enforce IYwa or regulations).dxn I.endCr may do arxi
<br /> p�y for wh�te.wcr is narssuy to protect tha value of the i'rope�ty�►d Lendcr's rights in ttx Property. I.enckr's�reions rtM�
<br /> includt paying any suiru isecueal by a lien which h3s pnonty aver this Security InSttuisrat, appeutc�g in court,paiyirt�;
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<br /> Il�UIR6IC IIRJfI1Cy6 IRS iulll CiRCIIi1g on utc crVpC�aj tv mtllc tcpilra.ntttnruan uawic�orq�uc aRanm anwic� an�a }��w�r��*
<br /> ���.GIIdC�(�OGS iiOl t13VC[O(SO SO.
<br /> Any a�eaaunts dislx►rsod by Lender under diis paragraph 7 aUall bocome �c{ditionzl debt of Borrowcr sccucUd by Uda
<br /> Security inurument. Unlcss Ek�rmwer nnd I.cndc:r agree to otl�cr term9 of ywymrnt.th�sc nrnount�shall bcar interest from th�:,
<br /> d�te of disbursemcnt at the Noce rate aud 6hu11 bc payable, with interest. upon �wtix from Lendcr to 13ortt►wer requcsting .
<br /> PaY�.
<br /> B.Mort�e Unurnr�cc.If Lcndcr rtquind mu��Ln}�c:insurance as a condition uf making thc loan securod by Ihis 3ecurity
<br /> Instnrmtnt, Borrowcr shall pay thc premiums rcquired t�nwintain thc mo»ga�c insurat►ce m cffoct. if. for uny ne�ason, thc
<br /> moitgage insurancc rnverage n.yuircd by Lender IuNbes ar ccaEes to be in effect, Bormwcr shall pay the premiums r+equirod t�
<br /> obtsin covetage substantiully equ�valent to die mortguge insurance previously in effect.at a cost substantially uquivalcnt to the
<br /> arst to Borrowcr of ths mortgage insum�ue prc;viuut�ly in effect, from an alt�rnatc morlgage insurer approved by I..ci�ler. tf
<br /> . •. � vap�2 ot s �+bt1n 3026 9190
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