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<br /> `�`� ` The Funds sh:il bt he2d in an instituaon whose depos'sts are insured by a federaY�ency, ins��enta�r entity -
<br /> ' , (inctuding Lend:r, if E..ender es such an institution)or in any Foderal klome Loan Bank. Lender shal!apply che Fu�ds ta pay tiic .
<br /> ', . Estrocv Itents. Lertd�:m3y not charQe Borrower far holdin��nd npplying the Funds,annuafly analyzing the escmw acc�unt,or -
<br /> . verlFying�he Eumtiv ltems,uoless Lcndcr psys Borrov�er interest on the Funds:ind nppticable law psrmits Lender to mufcc euch
<br />� . o chv�;e. Hatvcves.Lenstcr may require Borruwcr to pay�onc-timc ci►ar�c fur un indapeadent r��i t�state tr�x ra�orting scrvicc _
<br /> . uscd by Lcnc?rs In cann�ction r�ith lhis luan. unlesx �►�plicable law providcs othenvise. Unl�y an agrcr.ment iti made or _.
<br /> �'`` upplicable law requittiw intcrost to be paid.Lender shall aai @e rcquieed to psy B,orrower any i�sterest ur camings un tftc Fuads. -
<br /> � � @orro�vca�at�Lcasler may ugrce in�vritins. hou;cvcr.that i�!crest sh�il be paid on thc Funds. Leruter si�all g(ve tu Eurrowrr. `
<br />- withQUi chu�}¢.un nnnual uccounting of the Furtds.shavsirL ercdits and debit5 to the Fmnds artd thc putpuse fi�r which c..zch _
<br /> debit ta the Funds�vas made.The Funds are pledged as ud�itia^:il securicy for all sums secured by ehis Security Instniment. -
<br />, [f th�Fun�s hcld by Lender exceed the amoant�permJt>.:d u�be held by u�plicable low. Lender shali uzcount t���o�rower
<br />��, . for thQ excea.s Funds in aceordance with the�ec{uirecnents of aF��s:able la�v. If the amount of the Fuuds h�td by Le�der at any =_
<br /> . time is aot sufi�cieni to pay the Escrow Items wften due.LP.,ader trs3 su nutify t�orrower in writing,and,in such cnse Borrowcr =
<br /> , shaU pay to Leadca the amaunt neoessary to make up the d.ficieru.�y. Borrower shall make up th�dehciertcy in no more th�
<br /> twei�e monthly payme+nts,at Lender's sole discretion.
<br /> Upon paymeut in ful! of all sums sgcured by this Sec�-it}• Instrument. LQndet shall prompdy refund to 6orrower arty _
<br /> . Faads hetd hy Lentter. If,ander paragraph 21,Lender shai!acquire ar sell the Property.Lender.prior to the acquisiaon ar sale -
<br /> of th°Propzrty.shall sspply any Fands held by I.etedsr at the eime af aaquisition or sale as a credit against the sums secvred by =
<br /> dus Security Insuument. _
<br /> • 3.Afi��at�on uff Pay�euts.Ualess applicab:e lavr provi�s A:.herarise.all paymenu received by Lender under paragraphs -
<br />; ``- 1 and Z�'1 fs:applied:first,to any pregayment charges due ur�d3r the Note; seoond,ta amounts paya'rle under para�pb 2: -
<br /> third.to int�st due•fatirth,to princiFa!dax;and iasi.to auy taie:c[�uges due under the Note.
<br /> 4.C6nt��s;I.Ie�,.Barrower shal�Qay all tax�,assessrne�, ci�targes. �and impositions attributatole to the P i r o p e r t p �;
<br /> ' which m�.y atu+in prioricy nver this Security Instrur-.,ent, aud lesssse�ofd paymenes ar ground rents, if any. �or�wer sS�all gay =
<br /> .� �. these oblip,asions in the r�ner provi��n paragraph 2.or if nv*_paid in d�at�sr����.�orraRec shall pay th�m on time�ir•�ctly
<br />� to the peason otyed paymant.BorrovrEC siaall promgt�y furn:sh w I.Er�er all��.:n.:�vf amaunts to be paid under this paragra�pb.
<br /> '% •�', If Borrowe4 ma'ses these�ayments dic�actiy.Borrov�er shali pr�n,�,�Y3y fumish to�er reoeipts evid�encing the payments.
<br /> > Bor�vwez shall pet�eugtly dischatge any lien whir.fi�as p�ioiity over this Sr�s,:xy instiument unless Borc+onrer:(a)a�in C
<br /> �ziting ta the pkymea¢�f e�e obligation secured by t�litn in a manner acce��P.elt�t�Lender.(b)conLLessis ua�aod faith the lien -
<br /> 9s��.or defeads agai��c e��orcement of the lien ir fe� praraeedings which i.�a c}�I.endes's opinioa a�Lr to Qreveu�the __
<br />',,;,; �yorc��t af th�lie�;er(c)secures from the hoId�r of the lisc�an agreemem�tisfactory w I.ender subQr�fi.c;:2ing the Ei�a tm
<br /> , t�s 5���;�n.Riumznt. If Lender determines thaz aray�rirt of t�I�:aperty is s�abject ta a lien w6ich may attain priurit�m:er
<br /> ��3n.i��L�s�su�t.Lender may give Bornox-ec a na�ce��i�ffcdng the lien. �orrower rbaU satisfy the lien or take oae or
<br /> �re o#r.��awions s:z fe�th above arithin 10 days of tt�gir�of rtatice.
<br /> ' S. �"ia�3 or L�tq Insurante. Bozrov;er sl�aD3 b�p the unprove�u naw existing or hereafter erected an the �=
<br /> , �per�•%�t:x�d��--,:��4ac,�by fire,ha�rds incic:d��wt2Yriu th�term"eAtendc,�coverage" and aity other hazards, itLCluding ,`
<br /> ��o�'r�orc:�g,fr���k��,�a Lender requires insvaamce.T1us•insu�s-�s1�.s11 L*�snaiatained in the amounts and for the periods +�
<br /> �:r,��r3cr r.�c�^.�.'�i„su.•an��rrsic:r provirling it�iruuTanme�tral!Le rY�sen by Borrower subject to I.ender's agFrovat =-
<br /> �wsss�:r:��a��r��e u��.�:y wiu�.B�,�Y. If Berrawcr f�s ta m�iimr;�;-,oorr��descxibed a6ave. Lender may,at L�'s . .
<br /> +qp'�o�,obsaa:�•cave.��,Y�1�t tect l.ender's rigfi�s is►t#�r�`cnn�erty�a accoidanc:xvr�paragcaph 7.
<br /> _ Atl insivance potiro�and�newals shald be �r��r.=tie to Lender and si�$inc[ade a standard mo►t�e clause. Lender __
<br /> - s'aall have the right to ho.d r�he poticies and rieer�rls. ;�L•�rsier requires,Borrower shall promptly give ro Lender all eeceipts of
<br /> � paid prBmiums and reneival nodces.In the event of Icr�s,�i�srower shall give pmmpt notice to the insurance carrier ond Lender.
<br /> - Leader may mal�e pmof of toss if aet mad;,pao��y Sryr�carower. _
<br /> . Qnless I.endeY and Borrower otherwise a}�cee ico wvi�iag,insarance prooe�ds shal!be applied ta mstoration or repair of the
<br /> Prop�ty d�ed,if the�estaradon or repais is ecarul�i,�c�llJy feasible aa�Lender's security is not lessened.If the reswration or -
<br /> .. repair is not eoonomicalIy feasibte or I�nd:c's secruity-wnutd be lessened.the insuranoe pmceeds shali be applied to the sams
<br /> secured by thIs 5ecurity Insuumont, whet�ier or n��a tE,un due. with aary excess paid to Borrower. If Borr�aer aban�dons the
<br /> I'roperty,or dacs not answer within 30 days a naasce fap�I.ender that the insurance carrier has offered to settte a claim.then
<br /> Leader may coAect the insurance proceeds. Lr.r,dec icny use the proceeds to repair or ressore the`Property or to�pay sums
<br /> secuted by ihis Sec�rity Instrument.witethcs oz r�aG�t3i:r�due.The 30�day pzriod wi116egin when thn notire is gtven. _
<br /> [Jnless Lendrr and Borrower othenrise a�g�c in�wridng, any appl3catian of prooeeds to principal shal! not e�ttetd ar
<br />. • poscppr�the due date of the monthiy pay�ce�refarnd to in paragraphs l and 2 or change the amount�f the pnyments. Yf _
<br /> , .wstder pmrugtsph 21 the Pr�erty is acqu�ed by Lender�Borrower's right to a�inrn,�na=policies and prao�ds resvIting from -
<br /> ��cama,ge to tho Ptapeny�rinr to thc acqui34a�c�e�hal!�aus to Lender to th.,extelst af the sums secwed by this Security Insdumeat
<br /> . , immadi�ely�rior to tlie ax�uisidon. '
<br /> . 6.•O�sm�cy,Fi�ravAtion.Ma�n3c3zur.eax�fi�Pa+oBecUon aLrf�'neL:��rt-.�,;Sorrower's Laan Appt{t�tton,Le�el�afds.
<br /> �'emorner� � aocu py,�ra�lish.aad use tlu:�roperiy as Barraw�'s:gcirsi��.f.r.�i�{ence within sixty days afrer the executian of --
<br />_ ��i��Secarirj�nstrumeirt arn,�shall conmr�e ta occt►�y t&e Property:��'ar+m�t•�:s�rincipal residence for at flease one year after ��
<br /> . ;.� d�e daes of�atvpancy, u�Jr.us Lender o�eesvise s�E�in writia�;.�u{�i�aic,:��r:�all aot be unreasonublp arithheId,or unie� ...
<br /> extem�iag carcumstant�s exist wh6ch are bo�►xvi•Bosrower's��u��tmfl. !�►�n�,N�� sh�l1 nnt destroy, d�ge or impair the
<br /> • � Pto�rty,�'l'aw th�Property to deterio�te. o,*m:r•.a�it waste cr, ift��peii�?:�orrower shall be in default if any for�'eitnre 1
<br /> action or praceedidg,ah�t►er rivil or crir�i�rul.is•begun that in L`ra�+.t��r's ga�f�aith jadgment could result in fodeiture of the
<br /> Ptop�ty ar otherwise mztr.�ially i�gaip the!wn cr�ztr�Y by this Secur,"ry Insmun�aet or Lender s security inte�t.�orrower may
<br /> •� cure sust�a de�fault tuu!rr�n5*.ate.as pzovided um Qara�h 18.by causin�the,-,i�icsiz or proaeEding to be d[:mt.�with a mling ___
<br /> c3zat. in�Lec�de�'s good faidt deterieicat�QCn, pnx�¢cles forfeiture of the Boms��ars interest in the Prap�:ry qr other material
<br /> im�9rmeni of the lien crra�4ed hy thia Securits�Je�smunent or l,s�rier?s secarC�� interest. Bomawrr shaTi�be in dePa�dr if
<br /> ; Borrow�er,�ring the loaa applicx�tamn prxess.ga�re materiaily fa��csc i:+.acc�:mte informaiion oc statfsmeats to Ler�der(or fa��ted _
<br /> ,� to provide Sx�deT with any material ir,fi'o�mnli�o�n,)sn oonnection wi�it�tf:e loan evn�eno�by the P1ote,including,but not limited
<br /> , to.reptasentations conr�nUng Borrov�er's occuy�ncy of the ProDeny as a princti�l,residena:.If this Security Instrument is on a
<br /> leasclrald. Bomower shall comply wi�.�i alb th: prrvfr•tans of the lease. If Bc.rawer aaquires fee title to the Praperty. the
<br /> � le,iseito2d a�the fce title shall not mcrge untesc E�:u►i�r agrees to the metger in writing.
<br /> 7.Pru4ectlon of Y.ender's Rig�C:s E�n 41rs 6�ItoperRy.if Borrnwer fruls to perform the wvenants and agreements oontained in
<br /> this Sec�uiry insuument,or there is a tegai pnaceeding that may significantly affect L.ender's rights in the Pmperty(such as a
<br /> ` prooeedift�in ban�ruptcy.probate. foe coeidemnntion or forfeiture or to enforce Iaws or regulations).then[.cnder may do and
<br /> pay for wt►^iever is necessary to paneect the vr�lue of th� Pro�rty and Lender s ri�hts in the Propsrty. Lender's actions may �,
<br /> • � inc[u•.!Q paying any sums secuned by a lien va5ish has priarity over this Security Instrument. app�uing in court, paying �.
<br /> �� reaso�le attomeys'fe�s aad enteriag mu�rlc,j�t�perty to make repairs.Althau g h Len der may Wce action under this parngraph =-
<br /> 7,I.e�dsv da:s not have to do so. _.
<br /> Any amounts disbursed by Lender uiui�t this paragraph 7 sha11 beoome additional debt of Eorrower sec�ied by this e
<br /> , Security Ipswmena. Un2ess Barro:vrr ami I�nder agee to othzr terms of payment.these amonnts shall bear inierest from the -
<br /> �� dsta of disbutsement at the Note r.�te aiui shulE be payabte. witb intetest, upan aotice from Lender to Borrower requesting =
<br /> p�ym:a9. _
<br /> 8.Moreg�ege Iasusance.If Lender r2�quiktd raortgage insurance as a condition of making the loan securod by this Security =
<br /> . /n3wm_nn, Borroaer shall pay the preauwtu� required to maintain the mortgage insuranpe in effect. if, for any reasoa. the �
<br /> monga.�insurunce coveruge ra{ui�d�by L.�utet lapses or ceas�s to be in effect. Sorrouer chall pay the premiums rsquired to
<br /> obtPin covcra�.:substnntially equivt�3ent•to chu rnortgage inswance pnwiously in effect,at a wst su�stanriully equivalent ta the -
<br /> . wst to @ormr�er of the rr�oregage in!:ur�tsa¢treviausty in effect, from an aitemste mortgage insurer approved by Lendet. if �
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