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<br /> : The Funds shall t� held in an institutian whose dgposnta are inswred by a federal a��, ins'�u�n����r entity �'
<br /> `,.�r (incllzdi�ig LEO,dp.�,if l,eadQr is sucie an institurionl or in any Fe.�eml Home Loan Bank.LeadEr shatl ag�iy the�unds to pay the �:
<br /> E�w items.Lend�r may not charge Bomower for hold'ang znd applyirto t�e i�unds.annual�y tueatYxia'-�the escr°�"ff�t°unt,or
<br /> •` ` verifyjng the Esccow Items,untess Lender pays Bocrower interest an the Funds and applirabl�la�v permits L.ender to make such =.-
<br /> � a ch�ge. However.Lender maymquue Borrower to pay a one-ti�n2 charge for an indepzrid:nt mal estate tax reparting sen+ice �
<br />' � used bp Le�uder in conn�tion wiYh tius Ioan. u�iless al�licabie taw provid2s oihern7s�• Untess an agreetnem is made or �_
<br /> �• appitsabie ta�v requires intecest to be paid,L.�nder sh.afl not be eequired w pay Snrrower any interest or eamings oa the Fueds. `_-
<br /> • Bo,srower cind Leader may agree ia writing, however.t h at interest s h t il l be pai d on[he F u n d s. L e n d e s s h a l t g i a e t e�S o r row er. �:_
<br /> aitkout charge, aa ennu3i accou�tting of the Funds.showing credits and debits to the Funds and th�pucpose for whicfi eash ;-:
<br /> ' debiE to t4s�Funds was made.The Funds are ptedged as a�tditional security for all sums secured by this 3ecurity Inssnunent. _
<br /> � If ths Funds held by Leuder exceed the amounis permiued to t�e held by applicabh:iaw.I.ender shall account to Borrower __
<br /> � � ` for the excess Funds in aceordartce with the requirements of applicable law. If the amount of�he Funds held by Lender at any „
<br /> ��� time is nflt suf3�cient to pay the Escrow Items when due, Leuder may so notify Borraiver➢n crriting,and,in such case�orro�ver _
<br /> s3all pay to L.ead�r the amount necessary to matce aQ t�e deficiencj+. Bar_�ower sl�a!!mafce up t6e defetency in no more fhan --
<br /> � . twelve�nthly palmeats.at 1.ender s sole discretion.
<br /> Upon paymeat ia full of all snms secured by this Security Inswment, Lender shali prompdy refand w Borrov�er any —
<br /> • Funda held by L.ender.If,un�parayraph 21.Lender sha11 acqnire or sell the Froperty,Lender.pridr to t�e act{uir�itfos ar sale �
<br /> t
<br /> of tlie Fraperty, �ali agply any Funds lreld by Lender at tbe time a€acqv�is:uon er sale ns a creclit agaiast thc sutns s�.vred by -
<br /> ��.•'.,,�; dus Security Ir�stxam�t �_ � __
<br /> t•,��A� 3.Appt���i:Y F�ct;_at�t�st�.►wniess a�pii.c�iste law provides othen�3.�.�tL�,yrr.�ssf.n m�eir.?ed b�r I�adsr.rs�ds�-I?s�'�.�P
<br /> ,_•.,t�{;� 1 aa�2 shall fse�tu� tis�d:.tY�r�.c?�at�.,sa�[:rs.t.charges due uudea d�L�t'azt�:,���caf�.±r•s;m'nr,�u�i;�-a;;�rie t�r,:3�.-r:�,�*.•�: _--
<br />..'i:•'.�';�.�, t1uTd.ta itsLyr��u�•�niit�}t?If��ati�t�3:tfiti:,�tiixt�tust,[o aa.y tae c�c��ctireere�.ic������°.�.,:~.., .. , . --
<br /> - 4��;Gfs�sa. Ha�K���t p-�.�r:,ii taxes.as��.�,p•_�. c63rac5. fuies�ad:itrjjsusiticns¢t�r$tuabfe tu�iy�ir� _
<br /> • wbid'.r m� an:iiss;pr:arity avcr s3�ss 5ecvrirf L-tsmuuen4 eu�i teasekaJd ga��ts or gxattnd rents.if any. Bur�w�tc sh�I pay =-
<br /> th��QUii�tian�bi the manncr�rovided in Far.�graph 2.csr if not Faid in that manttcr.B�rrower stu�U �Ay tI�aut•an.time dire�etty. _.
<br /> to ti�e�eason awed payment. Borrower shall prcmgdy feirnish eo i.erider atI natices cf.amaunts Us be ps�d tutd+�Wfc paragraJ)b.. --
<br /> If ffarsower maIces thess payments directly,Eor.rower shall prom�dy furai�h tm L.endcr receipt�evidcncing tt�e Payments.
<br /> p,,ornower shall promptly discharge any lien witich has prionry over this Securitg+Insisument unl�s Bonower:(a)agrezs in .
<br /> '�,.��� wr.itina to the paym�nt of the abligation secured by thc ticn in a manner acceptabie to Leader:(b)waiests in gaad faitb t1:e lien
<br /> bg. cr defends against enforcement of the lien in. le�,al pr�ings which in thc Lender's opinion operate to prevent the
<br /> � enforoement of the lien:or(c)secvres from the hold,°.r of the liea an agre�ment satisfactory to Lender sulwrdinating the lien ta
<br /> • �Sus Secarity Instiument. if Lender detertnirces that�n� �art of the Praperty is su�jeci to a lien which may attain priority ovcr _
<br /> un
<br /> this Serurity Instn►ment. Lcnder may geve Borrowcr a noti�iderrtifying the ticn.Borrower xhu11 satisfy the 13en or tuice one or
<br /> more of the nciions sei forth above witbin!0 daya of the givinb af n�ntice.
<br /> � 5. H�rd or Property insurance. Borrower ehall kcep thc imgrovements now ealsting or hercaftet erectcd on th:
<br /> ' Property insured agaiast tass by ffre,ha•mrds irtcludtiAd within the t�erm "extend¢d coverage"und any o�hcr tiar�eds. iftcluding
<br /> . Roods or t�ooding,for whicb Lender requires insurnnce. This insurance shali t►e mtintaine�in th:omounis and for ihv�e�Iods � ,
<br /> ' u' that Lend:r requires.The insulannce cnme�providing the insfaranccs shn1l be chosen by Sorrower su�jeci to Leadtr's approval
<br /> ua
<br /> ' • which shall uot be unreasonably wit��hetd. If Bormwer fails W ms►�n nin coverage descri�ed above, L.e�der m�y.,ut L.ender's _
<br /> • cpt��rn.u6laia�verage to pratect L.ender's rigfits in the Property in accerdance wIth pura};raph 7. �:
<br /> "- AI!iasura^ce polic:es an�rf:newals shall be accepsahle to Leader and shsill inciud�a standard �ortgugQ clause. I.ender
<br />- � sissil[have the rigt►t to hoId t(te paficies and renewals.If I.eader requires.8orrower s'nsill.�umptty give to L,ender aU receipts af
<br /> � . paid ps�emiums and mne�val uotices.In the event of loss.Borrower shall g�ve pram�tt,nadce to the insn.ance carrier aud I.ender. --
<br /> • Lender may make proof of inss if nnt made promptly by Borrower. .
<br /> -�- - -- Unless Lender and Borrmvcr otheiwise agree m arrsting, insuranse proceedn shall�be applied ro Yessoratlon os repair of ths
<br /> prcygerty damaged.if the cessLCr�ttiva or repair is eranaarically feasible and Lendc7's secnr:ty is nnt lessened.If che�o*��or
<br /> tepair is not ecoaomicalPy feasibt�or Lemder's securitg would be lessene�J.the insura�?c.�Broceeds s�ia116e�licrt to the sums
<br /> secu�d by this Secuzity Iust�vute�t,whether or nat K�due,witb any excess pa?�f.ti� Ear�wer. If Bonoarer aba.�dons tha
<br /> ecu i
<br /> � FroPertY.or dnes wt an�vrer witiii�3L�ciu�+s a actis�fi��n Lender thnt the msur^��u�.cr has affered to s�e�c�a�,tP�n
<br /> Lemdet may cQ�Icct the Insucsccce proce�J�.{:c�nlr�-r�r�y��� d�e pmaass[s to repair ae sescc�d�e Property cr ea pay s�
<br /> �:.�;,';;.`� secured by this Secariry I�uuaa�ent.wketber�j��rt lixs,:diva'�f{te 3'U•cLF�s�od wiU begin w�e�tiJe�a:atice is giveu. _
<br /> .', ;t;;yf� Unless Lender and Far�irvrer otherwise� 'v��urrl;ra8�aaY �SiTation of proceeds ta:�iaa►.�pal sh�1f-r,�..�i eatend or•
<br /> '' ".��+`�; , ts refem�u�in ara hs t and 2 cr c.�an e cir.�r•.,�aoLnt of�r��ayments. If -
<br /> �:.•�,�,.t.�. �it�tgone the due date of dta�na�►1Y PaY�� P 8�P S. n
<br /> ' •.1<"r••: � �wid�r paragraph 21 the Fm��ty��s acquired by Lenderk F�rrower's rig(u to any in�ir.�nr�:�oitcie;.�s�d Proceeds i:�sutting from
<br /> �;�;c;,�`1 ' �. darnage to the ProPertY Priax ca:tl�e acquicition shall pass to Lender to th;exterit of tit�:�ms aea�ai:�tsy this SecvdYy Insnvment
<br /> ��;,'., � 7ramediatelY P�iot to the acqatsitio�t.
<br />.`,..i`;::� � b.Occ�p�ncy.Pres�avn4�ast,Matatena�se an0 Pso�ectian of tbe Psopeity4 Bop'o�ver's II.ow App�Ica�ion,Y�semutds.
<br /> Bonower shali accupy,estahfif�ti.and use the Property as Bomower's principal resid�;uc�a within sixry days afur the execulion of
<br /> ' : this Security Insuument and r�tiutf continue to occupy the Properry as Boaower's�Mi�ariral residence for at teast an,e year cifter -
<br /> ' , the date of occupansy.unlesr Fa:x�cler otherwise agt�s in writing. which comene:�u1C'�ss�t be u�easonabty withhsld.oz unfess
<br /> E' .. extemiating eirsumstances exist which are beyond Borrower's c�anut•.. Barru�:..e°.iiulS not �roy, damage or im�air the
<br /> Property. allow the Praperty to detertorace,or cammit waste on 8�::I�7�ernj. �'uriovrer sftu��;i���,n default�f any forfeiture
<br /> aciion or prooeeding.whether civil or criminal,is begun ths�e in i.emi�'s�aad faitit iu��t�=n�ii result ir�forfeiture of the
<br /> � Pmperty or otherwise materinliy impair the lien created����ehis Security irswmerr�m:L�nder�.srr,xu�:ty ic�tene�t�.Rorrovrer may _
<br /> cure suct►u default and reinstate,as provided in p�t��IS,by causing the acaan ar presceedi�i��c di�mi�sc�k.with a mling -
<br /> that,in Lender's good faith deteratination. precladcs G�rfeiture of the Bonower's interest•in..�lr�°�I��i�,i�ctS�'eg�other material
<br /> impaitment af the lien created by thL�Security Iastnrment or Lender's security Interest. Somvur� aU�1E also be in default if
<br /> ' Bonower.Quring 67e loan application pracess,gave maierially felse or inaccurate infarrnatian or amf�smestts to Lender(or failed
<br /> ta provide Lendez wlth any material infamu►tivn)in om�ection with the lonn evidanoed by the Note.incladin ,but not limited
<br /> m
<br /> ' to. representations conceminB Bo�rower's occupancy of tho Praperty as a princip�l�t�stdence.If this Securin�• �snumYns is on a
<br /> � Ieasehold, Borrower shull cumply with all the prov�s�ons of the loase. if Harrn�vnr acqnires fee titltr to�t11A Ptoperty. the
<br /> teasehoid and t:�c fee title shall not merge unless l.cader agrees to tha merger in writing.
<br /> 7.Prater?�on of Lender's Righis G�the�nnperty.If Borrotvur f�ilc to p$rform the covenants and ageeinents contained in
<br /> ' this Securiry Itlstnunent,or there is a legal proceeding that may signiHcantly affect Lender's righu in the Property (sucb as a
<br /> � procc�ding in bankruptcy.probate.for condemnation or forfeiture or to enforce laws or regulations).then Lender may do ar�d
<br /> Qay for whatever is ttecessary to protect the value af she Pra�erty and Lender's rights in the property. Lender's actions may -
<br /> e
<br /> inclade payin� atry sums secured by a lien which has prionty over this Securiry Instrument, appearmg in court. paying
<br /> reasonub2e attameys'fees and entering an the PYoperty to make repairs.A14hongh Lender mny take action under this para�pb
<br /> 7.I.ender d�cs not have to do so.
<br /> � Any amaunts disbursed by Lendnr m�der this paragraph 7 shall become additional�duht of Borrower secured by tt►is
<br /> , $ecuriry Insrivment. Unl�sss Sorrowar and Lendcr adree to other terms of payment.these am��uus shall bear interest from the _
<br /> . date of 8isbursement at d» Note rate and shull Ue p�ymble, vrith interest. upan nnrice from I.ender to Eorrower requesring�
<br /> paymcnt. _
<br /> 8.Mortguge I�rsncs.If I..ender requirecl mort;age insurance as a conditian of nu;S.dn�r�fi�toan secured by chis Securiry
<br /> I�shvment� lit�raower§twil�ay the p�miums required to maintaui the mortgas• �nssrarr.:e izt c�'��ct. lf. for any reason.ttie
<br /> mnrtgage 6t.urnnce caveiuge required by Lender lapses or ceas�s tm be in effect,.l�.�snxiwr.�r elz�;lt:r;ay the premiums require�ti ta
<br /> ohtain coverage substantiull��equivalent to the martgt���insurance previously in ck�i,x. at a���x ss�stantially e,i.eivaCert c�T rL;e
<br /> � c�a�ct to 8orrower ot the nunt�gLge insuronce p�viuu5ly� in effect, from an altem.,t�ma�t�,re insa�er¢ppro-�::=.ui 6; Le-+.?er. �f
<br /> a., _
<br />.. • -�'t�. Pnge2of O Farm 3�28 fllQ.A .
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