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<br /> 'Phc FunA:c sFin11 be held in an ins!6toti�an who�.c deposits nrc i�isurcd by n federsil agtncy. insuun�entality, ur entity
<br /> (i�iclu+�ing Lc,nder.if Letuleti•is suc{ti au instittqi�un)��e in any Pedc:rnl Hame I.w»n Bank.l.ender shuli t�ppiy�he�'unds ta pay tFie
<br /> L'scrc�w It4���s. I�:i�dr.r iiiay uot chtiY�G�30P�Ot4CY fUY IIt1ItIl11�'[iflll��ppiyinF thr.Fur.cis,annutd{y nnalyzi�g thc escrow nccaunt,or
<br /> vaifyini;ehr.ri�c:��uw Itc�n��,unless I.e.ridcr pays Rs»�rur�er i��terest ci��the��uncl�and n��pltea.hl�law tiern�iits G;nder ta m:�.kc:�;ucl� �_
<br /> a char�,a. Hr�a�ev�r,l.e�xter may rcquire l3orrc�wer W pay c�onc•time charge for nn independcnt reai esUde tax rr.�x�rling Fervire -
<br /> used h,y d�:rtdcr iit connection wi4h this loan, miless applicable law �rovidcs olherwisc. Uniess nn ugrecmcnt is ii�;xic or
<br /> ApplicA�+le law rec�;uires intcrest to be puid,[.emter shalf not be rr,yuired ta pay Borrower any interest nr esmings on the Fumcis.
<br /> &►rc�wer uncl Lr.ruler may ugree in wnting, however. chut interes�sliall he�id an the Funcis. I.rrxier shall IIive to Borruever.
<br /> withcwt chi�rqa, an unnu�l accounting of the�uncis, showing crc�tliis u�x1 drbits to thc Fuixls a�xi tht purposa f'or which cach
<br /> dcbit tu tho Funds WAS ICI:niC.'Phc F'und�.urt plcdBal ns additional r,ecurity for all aums�ec;ured by this Serur�ty Ii►strumer�t.
<br /> lf tha��nnds hr.id by i.eixlrr e;:ca�ci ti�c�amouuts�x,ei.�iucd to tr�held by upplir•!ble 1���, I.�•nder shall �connt tn i3nrc�ativcr
<br /> fur tt�e excess Cunds ln ac:cordancc wittt the requircments of opplicAble law. If thc amaunt of the Funds held by l.cnciet at any
<br /> tErr�e is not Fufficient tcr pny tha Escrow Icems when duc,Lender may isc�notify Ibn»wer in writing,Ancl,in sucli case&�rrowr,r
<br /> shall pay to Lr.�xler tha arpount �rxessary tu ntake up thc deficiency. Borrower shall make up the deficiency in no mare than
<br /> twelvc manihiy prymcnt:�,�►t t,cnder's sete discrttlnn.
<br /> Upon pnyment in iull of nll sums sccural by thir� Security InsErumsnt, [»en�dcr sl�all promptly refund to Bonower any
<br /> Funds htsid(�y Li:rxlcr. If,uixicr p:uagraph 21,I.cnclor shtdl ac.quirc or scll the P�bperty, Lendcr.prior to the acquis9tion ar s�lc
<br /> of the Fkopercy.shull �pp{y uny Tunds hcld by Lcndei at ahe tinie oF acquisition or sals.�s n ercdit against the sums secured by
<br /> this 5ecurity lnstrumcnt.
<br /> 3,�,��u��*u�•Unless applic�bl¢law providPS otherwise,all payments rec.,ivod by L°ndcr under p.�rngraphs
<br /> 1�r►d 2 sludl be applied: ir.�t,to a��y pnpaymertt.r.hi�xgas dua under the Nato;saooncl. to amounts�ayabLa undcr paragraph 2;
<br /> third.to interat duc;fourth,to prin��ipAl dua;anci lust, to any lata churgcs du�undor ths Noto.
<br /> �.Ghn�'g�s; l,ie�ns.Borrow2r sl��tll pay all taxes.a.�essmcnts,ctu�r�res. fincs nnd impositions atuif�utnble to die P�upc�cy
<br /> which n�uy atuin prioriry over tlds SACUrity Incr.nnnent� arni leaaho7d pnymcnts or grouixl rents, if�u�r. Butmwer shalt pay
<br /> thcse obiigutions irt thr.manikr pmvi�led in�►arigraph 2,or if�adt p»id in th�t manner,Borrower�shall�ag tlusn on time dircctly
<br /> to tt�c porson owod�nynxrtc. 63orrower shai�prc�n{�4fY iumieie iv fu;uci�r ait ix�tficr;s af ar.tiounts to!r F-.s�n�:�cr thls p�-�r°Qh. --
<br /> If Rortnwtr�nukes these paym�nts ditictly,Bairr.t�v:�.a shal[�rirmptly fumish to I.endsr receipts evidea:ir�����;e payments.
<br /> Rorr.vaicr shuli promptly discharge any lrc��a•h.a�hh tsas�c.rar3ty over tliis Securiry Instniment unies�s��nnuwer. (a)agroes ln
<br /> writing tallu:payn�ent of thc obligation sece:n:�Yry�?•r�t�e�a ut a manner acceptablc t�Lendcr;(b)cont�ts 9n goad faith ths lien
<br /> by, or ciuPenda pg�inst enfomn►csu of the licn ia. Rrgal procecclIngs which in the i.e�xler's opinion operate to pr�vent the
<br /> enforcemcnt of the lien;�s(c)secures from the tral�;.t of the lien en ag[�ement s�tisfxtory tu Len�der sabocdinating the lien to
<br /> this Security Insbvme�u. If Lender d�termi���.'1ti:u:any part of the Propc�ty is c��bject to a licn which r:��1�r attain prioriry ov�r
<br /> this Sa.�urity tnsisumcr►t,Lr.ndcr may give Surr.vti�rr a notice identifying thu licn. Borrawer shalt satisfj�►'�,:lien or take one or �
<br /> - mor�e of tt�a�ctians ses forth abovr wuhin!0 da�rs of the giving of notice.
<br /> g, l�,�wrd a prnpr�ty Cxs,a,rxnce. Bc�rrower shall kecp the �mprov�ments now existins or hereafter ercct� on thc
<br /> Fropaty i!�uc+n1 ag�inst loss dx fi�e, haTants inciudod within�l�a tctm "CxtGlldtd CUVCTd$C" and:tny other lu+rards, including
<br /> floods ot�luoding,fer widch l�i&r requin�i�.�ur,uwe. This insurana:�ail bt midntainod in the ama�nts and for the perials
<br /> ths�t l,enckr requims. 72a insurance carri�r pn?vi�lin�thc insvcanoe shel.l.be chosen by Bnnr��cc sut�J��t.to Lender's approval
<br /> wfiich shalI not tx:ussessotbbty witi�l�ct�. i!;tRaimawer iaiis co mainia;n ix,vc�age�ii�.�+t�o:,;.,,, °,..M,�x:r»�. st [p �,*•s ,
<br /> option.pbtain cavecsga to protect L�eixler's righta in the Pmperty in accordance wlth part►gcaph 7. '.,.. . • ��.
<br /> ° A>4�insunnoe pot��:ivs and �eaewals shali be acceptabla.i� Lender�snd shal! inclt�de a st�a!!eriartgage claosK..l..ender .•.�. �.:i
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<br /> �, shdII t�u►dc tloa right�,�Ed tho po�cies and�er►cwals. If Lenclar�equins.Hormwer slwll�proinPtiY g�ve to Le.ndtr all i:ecxi}�ts aC.•'..�•'.�'�•�:',`
<br /> � paid�fC�.hniiuns u�d ernowsl notias.In tha event of loss,Boni��t�¢t shall give prompt nacicp to the insura�a c�rrlea��ici�;�r�4e.�.,�.' , .' .
<br /> -* Lende�'may cm�ke p�+ndFnf loss if no�t madc promptly by Borrowor. ,�:�, � �:. :'.• .
<br /> no
<br /> � Unl�ss lxaxicr�xr�l Aorrowa aherwise ogroe in wricing.insurw�oe proucecis shali be applieci co re�u{�rs'i:ixin a�r re�a►r of��.... ..
<br /> � prope�ct�,�dart�tgod�if the;ratoration or repair is�s:nnomic�lly feasibte and LEndar's secutety is not le�rii�rtf ilx•;sttvratfon or
<br /> rep�in.:'s,^„�n�c eoo►xxnically fea5ible or Ltnder's s�+.vrity wuuld ire tesscned,ttre insurnrece procads s1saU t�appiiesl;stct.the sums
<br /> secund by this Sa:urity Inun►mrnr. wheihrX or�mt ahen due, with any exocss paid to idorr�wer. If f.lorro«er�i��idons the
<br /> - pr�pKt�r,or does not answer wid�in 30 days a m�►tica finm Lencier that the insuranrx carcicr!�off¢�to settic a claim. ti�en
<br /> . I.rnder may collact the insur�ux�e pmceeds. 1.�t��er mxy use the pr000eda to repair or rescor�the��,peny �c ta p�y sums
<br /> � sxurod by this S�curity Irntrurrt�ent.whett►er or�t tlxn due.7'he 30-clay�cxiod will begin wExu li�.k�.t�itcr is gaven.
<br /> Udas Lq�der ar�d Bomower cxhen�vise a�,trx in writing. ar►y tpp[i��ation of prcwo�ds to q�nN.�ntct 4�l1 rtot extend ac
<br /> {�o�ocw thc dita date of thc monthly pnyments nfernd to in prreg�hs 1 end Z or c�ru�e the anwum of ihe poyme�ta. If
<br /> ,� uu�r pwagr�ph 21 tbe[�ropa'cy.i3 acqv.irod by Lender,Borrower's nght tn any inwr.uwe policics bnd procczds raulting from
<br /> _ d�enl�a tu�ho Prnpaty prior ta thp uc'c�uisition s{�all pdss to Lender to the extent of the sums secura9 by this Socurity Insuumrnt
<br /> immedlc�Mcty pt�ac t�cfio acqu�sition.
<br /> = 6.O�epaa+�y►I[�'e�'�+�M��aod Prota�tion ot tThe H+opex�y,Bort�ower's I.o�a A��pllcatloni�• ,
<br /> gorraw+er s�li ooa��Y:�ta�lish.snd use the Propeny as Borrowu's pntw`�c!residence within si�cty days after the eaacution of . .
<br /> thia SecuritY I�ruaniN aral shall continue to occupY the i�rcmti'ry is Bcerrower'a priaripa�! residerwe fur at lt�t ane.�+ear aftes,;;,, '
<br /> - the d�t�of eccupuK,y.unless[.c»di.�otherwise agrees in writing,which ooi►sent slu�ll�x�t be unreasa�ably withhekl:�or unless
<br /> extarosting cimunstances exist which arc beyond Bomciwer's oontmL Bumower slull nAt destroy. damaga ur impair thc
<br /> �� pmpaty,allow the Pruperty t�detzriotmte, or comrnIt waste un the Pt�operty. Bomower sf�il bc in default �f any fodeiture
<br /> a. action or procooding.whether civil or criminal.is begun tlnt in Lender s good faith judg�nent c,��td ►e��lt in forfeiturc of�he
<br /> e property or oth�rwise m�terislly impair the lien created by this 5e�.�urity Inst�ument or L�enckr"s sacai�t;gr iroterest.&xruwer may
<br /> ;� cuc+�such a default and miaatato�as pm�idai in paragr�ph 18.by causmg the iction or priTneedin�to be dismissed with a ruting
<br /> - t1�r�'t,,n» Lendcr's good faith cic�tomurssuion. precl�des fotfcitur�e of 1ht Borrower s inL�st in the Property or other matetial
<br /> im�Ziirir�eM oi the lirn cn�texl Q+�this Secu�ty Instrument or Ler�ckr's s��curity inter+est. Bomower shall also!ie in drfault if
<br /> Burrovrer.during thc i��n application process,gave matereally f�lse or inacc�umte infonn�tian or statements to L.cnd�r(u.r faila:l
<br /> ~ tc��ovide I.endcz��:i�h�y n�aterial infomlation)in eonnection with thc loan�vit9ctx»d by the Notc,including.but not limitud
<br /> ' t��,►�..-o.ccserytations�nnceemng Burrower's�aupancy of the PropcTty as�pcincip�l crs+dence.If this Sc;�urity Instrument is on s ; ,
<br /> (c�t,''�cr`id; Borrowcr shall com�skgr �ith all thc provisions of thc leasc. If Borrow�cr nvquines fcx tetl� to tlu Prc�crty,thc
<br /> Ic�v;,l�ciid'u�d the fee tide sltall nae x�►ccgc unless Lerxier agtees to tho mcrger in writing.
<br /> ' ?„.grotect�an o�I,eoder's l��x in the Proparty.If Bnmawti^r fails to perfarm the wvtnants and agra�ma�s uce�tainod in
<br /> this 5ecurity[nstrumnK. or thtra is a Ieyal pro�c+.ding ttut may sibmifi�ntly affixt l.cndcr�6 IIgIl1S llx�!C P�11�1CR}� (511C�1 BS A
<br /> ' proceed'ing in L�nl:niptcy.prot�ate,for mndcmnatinn or forfeituro or to enCuroe laws or regulations),�hien Lemfer may do and
<br /> � Qay for whatevrr is ��ocessuy to prutoct thc valuc of thc Pcup�rty a�ul Lcndcr's rights in the I�rogaty. L�r's�ctions may
<br /> i �nclude pqying any sunu secu�cd by a lien which ha. prionty over this Seeujity In�rr�ent. appeunng in oourt. paying
<br /> .r�x�c���,�,•��s'foes and���rtinn oII thC P[UDCItY t0 117aIGG tiCpitTS.Altfic�ugh Le�der m•ry take action unckr this puageaph
<br /> E 7.Len�flcf docs not itui•t ta do so.
<br /> • Any amonn�: di.buir,ed by Lender under tliis paragraph 7 shsll bacocr�e addi[ional dcbt of i3onnwer securc�d b�this
<br /> Security Instntmrnt. Unit�s Bnrroa•er and L,emler agn;�to othcr t�mtc of paymtnt.these amounts shall bear i�tercst from tha
<br /> � date of disburstnr.rn at thc 1�Iute rate and sha'll bc payable, with i�txnst. �pun �wtice from Lender to Borrowcr rcqucstin�
<br /> �)'mtrM.
<br /> g.Riatas�e Insurance.If ixix9cr requiir+l mongagt in5urarxc sti a rnndition uf n�aking die loan sewrcd by this Sccority
<br /> I��stiument. gorrowcr sha►1 p�y thc prtmiums �+cquiral to maiat�in thc mongage insuranca in effect. If. 4or any �so�, the
<br /> mangage insun�nce wvcn,ge required by i.cnder lapscs or ceases to be io cffect.BormN•er shall pay the prcmiums csquired ta
<br /> dx�in coveraga substantially equivaEen?ta the mortgage insuranc�e previau:tZy in effect,nt a rnst substameially equivalent to t[x
<br /> cost to Bumnwer of thc mortg,age insura��.°e pccvicwsiy 6n�ffect, frum nn �Iterrute morlgage insurcr approvocl by r.cn�lcr. If
<br /> • � veQ.s or a �„►�� g�
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