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<br /> ' I�I�,,� �''�!�Q ���i
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<br /> The Funds shall (rr held in un instituuan.�vhase dcposits are iusur�d by ra f�E� ���Y• i��entality. or entity ���=
<br /> iusu ---
<br /> (inclu�ing Lendgr.if I.ender is such an institu6i�tn)or ia any Federal Home Loan B�nk.Le�:d��l�all app1Y the gunds to pay the ���—�:-
<br /> m �;�:�`�:
<br /> �°" �semN Iteans. Lender may aoi charge Borro��•ar far.hatdtng and agplying the FuYxis.�sn;sasiy analyzing the esccow account.or
<br /> �+!€lFiw pel,nats Lender w make sush �, ,�
<br /> verifjring the Escmw Item�.unless i.xnder pay�Barca►��ar interest mn ttt°Fur�'s:n���- �'° J`.:
<br />� a ch a r ge.Hocvever.Leader may s e quire Bamrti•�r tn PAY a l i c a b l emlaw p�o i�-.s o shErn�e. iiniess an�.�:c�l�1�'•�s�made or �'#"`_� _
<br /> used by I�nder in conntciion wi t h Wis la�n. u n iess apP -t-
<br /> applica i sle law ret�uires inter�t t�o bs paid.I.ender sh�t l noi he nequit�d to p ay II:►nrc►�e�r aa►y inteYest or earaings on the Funds.
<br /> � IIosroivar and Lender m�ey am�in wriung, iiuwerver.that interesc sh�t!be pand Rn the Fnssds_`ixnder��°for whech each �-n�~�,'
<br /> witiwut c.harge. an nnnua!�000unting of tha�BundS. sha�ving c�diu and d:bits ea ti�e F�s Arsd the To
<br /> debit to the Funds was made.'fh�Funds u�pledge�i ns stdditional securiry f�r afl���bte I�a�l.�der shall a c unt t Borrower ��',- -
<br /> t{''m�ru-Kis h�ld by Lensler e�d thu amounts p�a�to 6e he:d by x�p -=-
<br /> �. for the eac�s�uitdg in Scwrd��Y������r°ments of applicabie 13�v. If tfis amourt o1 the Fnrsds held by Lender at any C`�-�'�' .T
<br /> ' time is nat suf6icient to pay the E�crow Iten�s whon dua.Lender may so noaiiy�s�m��v�r i���rr�ing.and.in�uch case&srra:.'�r �_R_.
<br /> �hal� p�y tp l,tndor th�amo�snt nooessary to mnka up th8 deticicncy. ����•Hr����11 rn�:1ce u�s che deficiertcy in no more than ��
<br /> tweive monthly payments.at Lcnder s snla dir�mtinn. � .---
<br /> -,._.
<br /> , flpon p�yn�ci�� in'full of all su►ns;e� �dLT�W nc�u�re nr�c 1 th�P�c�y���Dnoi o thc acquBs tcoa or sale
<br /> i'unds ite4�!by 1.ender. It.under pa P ime oY ac uisition or s�ie as a c�dit against the sums secured by ��'.'"
<br /> . of th�Prn�crty.�h.�ll upply any Fu s heid'@iy Landcr at ttuc t �
<br /> .. this Secur�ty(nytrurr�ent. ts reoe�red by Lender under paragrapS�s �'T�-:
<br /> 3.ppplk�t{on o!R�yment�.Untess u}t}�iiwthto tuw peovides athenvise,n11 peyntien p y �2. �'
<br /> I aad?.sh�ll be up�lic+l:Gist,ta uny pm p.�ymsnt cPtnr3es due u►uicr the Nuae: s�rvJ.to e�tu►w a uble under par.tgmg .
<br /> thtrd,to intens4 due:faurth.ro p�incipr�l dtim.and lna�t.to eny inte chasges du�e un:�ca tlse Note... �`u',
<br /> 4.Ch�g�.Lipts.8a�rowrer shII11�}�sy all turzes.assessmcnis.charges. fm�amti izr.positians amibutable ta the Froperh+ -
<br /> • whtch may aitain priority over this Srcwtty Ipsunmen�,and leassitaid paym,�s�ts or�Bnnvr�d�nts. if any��n°w�����y _'i"�„'
<br /> these obligations in the rt�anm.r pmvtdad�in.pamgraph 2.ar if not paid in th3,t Enanmer.Borrou�ar shail P�Y
<br /> n
<br /> � to tiie persoa owed payment.Borro�ver sfil�il promptly fumisl�to Lender�ll rnaibars of arr�o��nts to be paid under this paragaph• �c'
<br /> IiBorcower makes th�e paYm.nts d�nctt�t;Bdtrow8r shult prom¢ily fumist►to L�r►der rer��ts'ev�dennnS the FaYm�. . -
<br /> ' Borrawer shrill prom�tly dischatge tmy Uen which h�priority over this Sar,�rity lnswmant unless Bnrrower.(a)agt�ees in �-
<br /> � writing to the payment o f t he o b l tgatiomsecn r e d 6 y t h e I[e n i n a m�n n�r e s c�3 r.'b l e t o L e r,�:(i�)vontests in goad faith the Icea . �,._-�
<br /> by, or defen�s aga3nst enforoement ofl the lien in. tegnl pracecdings wnich in tt�e L.er,d�'s apinion opetate to prevent t h e —
<br /> enforoement of ths lien;or(c)sectues timn tho holder of the Cen an agreemsnt s�tisfacxmry tv��..ender sufwrd'emtiag?he lien to
<br /> � this SecutitS+Insnument.If Lender deitnmlHnrrower.a nu�ce�denbfyin�ttcs lien.bB�rrower shsill satisty the u�en or�take one or ---
<br /> • ' ' this Securiry lnshum�u.Lender maygt ,
<br /> ` � more of the sctiotB set forth above w�thin.l�D dnys af the giving of nouce. �
<br /> " 5. Hazard or Prop2�ty tnsurn�tco..Borrowcr shal[ keep the impmvemcr►ts �cosv existi� ur heieafter erected on the
<br /> , •�,:•:, progerty insured against loss by 6ie..�uuicds includcd within the term"ea�te�ed oo�eraga' t�any other ha�asds. inclucti.� r
<br /> uu
<br /> ��i;;`. floods or tIaoding.fos whict�[.ender raq�►ires insutance.This insurance shall�rQSainaa�ned iit a��amounts and for the pe�iads ---:',_-'
<br /> that Lender requires. 'ihe insumnce camar providing the insarance shall ba chns�cn by Bflemt��er snbject to Lender's app��� � ,,,`,�.--
<br />'�'''��E� which shaU not be unreasunabjy wittiiinld:.If Bnrrower fails to maia�ain corerzg�de.srribed'.�ove, Lender tuay.at Ixa�'s �
<br /> m ascord�n�nith pa�agtz�li�. ',�t���`.:�
<br />,;�°-,:��' option,6btain cove:age to prote�t Lendbr•'s mghts in thB Fraperty' �.` - `_
<br /> ft pll insurance policies and reneu�ls s'��ll 6e accepts+vle to Lender an�d sh�li include a st�d�:rd mortgage ctause. I.e�':�
<br /> `�:��l: : shall have tha rlght to hold•the polieies and cenewals.If Lender rc-�.iaa�,Bflrrm►�er shall pQO�y.�ve to Lender all[ecei��s'�f
<br /> ,�,�,,�, r-� uotise to,�¢rnsuranc�e Car�ier and L.e�r. �,
<br /> ..F,�� gaid piemiu�s and ren„wal natioes.In�the event•of loss,Borrawer s...l1 give pmmgt , .
<br />;�, ,�?�`' lir:,nder may make proof of toss if not mnde promptly by Bor�wer. �`,
<br />:�;1:��s:. Qnless Lender aid Borro�o�b�+wise agceo�n wnting,msuraase prooeaJs sf�all be agRliei tn restoratiun or repair of the �t�`-
<br />,,..,�v��� .
<br /> y�7 =�;:' Pm rcy dz�-�ged.if the restumtion or n.'�ur is ecanomically feasibte and l.e�ficr's sscuairy is r,rv:Isssened.If the restoratiou or . _.�.
<br /> ��°.�', repa r is nr�<:�a:nomically feasible ar��sr's sesur'sty woutd tte t��nsd,tbc imswa�ce p���.�sball be applied ta the sums �
<br /> f�
<br />`��p��;' sec�red by s3c�Y Security Instrument. �+vi�,�hor:ar not then due. wit�any exoass paid to Bo�'u�c. If Borrower�banda�s the �
<br /> �' prOPertY+ot5 d0e.s nof answ2r withi»3''3 days a notice from Lender that the ii�s�ramC�qrmtt��3�EST�L4 Sf,tll i LO j D�S1U11.4 _
<br /> :;�_`�. ixnder may coiloct th$dASC+�aae p:rKO�..L•ender may use the proceeds to�s�ir or resul�e tne t'roperty p Y .
<br />'y�aa,� SeCUiCd by t�s$eCUtity TitlsLTtlmCLt.w�e�ttun or not then due.The 30day pemv3�wpli:t�in�#t�n atte�a�l��not exter•d or .-
<br /> .. Qnte�iL�nder and Banouer crti�aa�vise agree in wriang, az►Y a�lic�an ai'�Zaccc�s" Pn P .. .
<br />,,�•:� postpaus tL^�;ae date of[Ae mnntL:?�•pu�/snsnts csfemed to in pnragraphs i 2.a��.�oR�ci':,'s�,'+e.r}��amount of the paymeuc�. If �
<br /> �r a__ 2f the Prog�ry is ua�ui�i�l�by IYender.Borcowe:'s nght co��ir�;:i�i�tic�:��and.Proo�dg�es�1��'��
<br /> F-*�""?;�+ ��.,°-�~�by this.Secunty 1nst:*1x��ent
<br /> . damage to ttte Property psior to the asqui�t{on•shstU pass to Lendet to ch�eMCSi�*��e s'.r�.- -�-• ,
<br /> • �. immediately p:ios to th�acyuisition. Borr�rer'u�n Ap��o�i Lease�ho2�. `
<br /> 6.Oca�u►r�Y,I're�xxvrz4i�n,��tmuuica and Fnot�etion of the Propt�i
<br /> "��� . Borrower fL^n�'�a oxupy.establisD�,a�u�:ttco Froperty as Borrower's;prirnrip.�f residenoe wiSi�'rr.a:zcey days affer the execution of �-----
<br />'"'" this Secmirl t��uument and shall oc�nit�u to�accupy the Prope�y�aa Barrov,�r's pri�cipa4 i.r:�id1:�ce for at least one year atter
<br />='-=i°`� • the date of occupancY•untess Lend�i uths�wiscs ageos in�riting.which oon:nt sheDl not. :�xnreasonabS withh�id.or antess
<br /> � y �.....__
<br /> e�ctenuating circumstances exist �vhieli�am boyond Eorrnwer's conuol. Brnrower sh�l h�t',��estroy. damage or irapair the �r,
<br /> =_ ' propetty,allov� the Property to deterinrater.ar commit wrLSte on the Fro,perty. Bnrro�Yer 58a11 be in default if any forfeiture �,,.,
<br /> action or proceeding,whether civil ar crlmin�l: is begun that in Lender's gaod faith judgmect coutd result in forfeiture of the s
<br /> ::_-:.:k' p,roperty or oiherwise materis►ily ia��ir r.hu Iten oreated by this Secwity lnsvnmrrr►t or Lc�ffi�s.�s�tY interest.Borrower may �:-_
<br />;:;,T; � cure such a default and reinsUate.s�'�x+�'����in p�!'JePh 18.by causing th�a�tion or pr��u�r.�to be dismissed with a ntling _
<br /> � that� i�Lender's good faith cl:tennina�mion,.precludes forfeiture of the IIntrow�er's ir.�s��n�rne Property or other materi�l _
<br /> impairment of the lien�;ad by ttltu Saauriry lnstrument or Lender's srairity:ir�tr.s�.at..B�:•s-�.wer shall•also be in default if
<br /> Sorrower.during the lc�aQPllcatio��pmcass.guve materiully false or in�^tn2t�.in4'��'i,:r:r,b statements to Lender(os failed �-=�...
<br />;,•.�: ., to provide Lr��tr with arty tnateri�l�inftitmation)in connection wit6 th�,to�n evideRC�1�y r:�•�ote.including.but not limited ��
<br />;;o�: to.represeat�dc�ons eonoermng Borrmver's accupancy ot the Prape,tty as a�ric�:�pc�l res'sdanc�.�'.�this Security Instnunent is on a
<br /> �• ' leasehold, Borrovrer shall onmply w3th all tho praV�siflns of tP,e fease. D!Balrocver aoqu:z"'s� fee title to the Property, the �
<br /> to the m�rg�r in�vritie
<br /> • 2easeho2d srid ttie fee titie shall iwrmor�e u�ta�Lendcr agrees m r 3-
<br /> • ' 7.ProLeetion ot Learler's�1lgUtc in ttte Yhmperiy.If Borrower fails tv�Qm�t3�e covenants und asreements�suc2��a
<br /> . thIs Security In;tnunent, or there is.a legtsl ptaceeding thut may significantl��ffext l.e��dor's rigt►ts in the Ptogcrty( �_
<br /> � proaeeding in banl�itpicy.probate. fur enndomnatlon or farPeiture or to enfnao�laws or regulations).then Lender may do and
<br /> . Qoy for whatever Is naoessary to prutect tho value of the Property and 1.e n�lrr's ri F,hts in the Pro p eri y. 1.ender's actions may . --
<br /> include paying arry sums secured Qiy a licn whlch hns priority over th�s S�rity �nstrument. appearing io couK. paying �
<br /> reasonable�ttomay+s'fees and entering on the Property to make repairs.Alttrough Lender may ts�ke action under thts para�ruph �.
<br /> • 'f.E.ender does not have to do so. - -_
<br /> : Any umovn4s dlsbursed by L•onder under this pata�raph 7 shatl b�orc� z,dd'a�oonal debt of Borrower seceued by th�s F.��:
<br /> � Security Iastrument. Unless Bonoti�au and Lender asree to other terms of�ym:nt,these amounts shall bear interest from the 6�
<br /> • date of de;sL"urseme�nt ai thy Nvie rute and sht►11 be payabte, v,ith interess.upom m�isoe from Lender to Borrawer requesting
<br /> PaYm� �-:
<br /> 8.Bicstdg,age T�r,�ance.If Len�sa,requirod mort�age insunnce as a ooidditeon of r��.�s'�g tlie loan secUred by this�w�s�xrit}+
<br /> ���`:
<br /> - • Insqum�nt, $orrov+°r�'�^.Il pay the promiums require+d to mair.c�i�thc murlg�:g. ins�:r�x in effect. If. for any reasnn,the �-
<br /> mortgage insurance oovera�e ceqnisal�8y Lenddv lupses or ceases vs ae in effect.Bnsrr�a��shall pay ihe preminms required to I-..�+;
<br />- obtain coverage substantially equiv^�ant ta the mortgage insur�nce previ�-�.cl}�in effect.�a wst substantially eqniv�lent to the �;;;
<br /> :_ ���r r�Rnrrovrer of the mortgage insumnca pravtously in effece, from Zn�ftem3ta mect;�oe insurer a�proved by Lender. If
<br /> - - . �;.
<br /> � • , Vago]ol 4 Fo/m 3020 9/90 �,
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