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<br /> 'I�li+� I�inrals nhnll h� h�l:! In an im{titutiun u-hotc dcrxisit� nrc insurcd by n fcdc�rnl�ngcncy, intihumentaliry, m• cntit�
<br /> (iucluding I.ciielcr,if'L�i�dcr is such uu in�tituNun)ar in nny I�ec�crul f1umL I.��an li;ulk. LtttdC►•shall upply Ut�ttunclti Iu pay r,hc '-
<br /> IF?�c�ru�v Itciny. IAndc�•n�:�y not chuc•gc F3orr�wr.r for hnlding unQ«pplying thc Funds, nnnually analyzing'tl�c cscrow ciccount,nr
<br /> yerifying tha Brcrow Irems,unless I.erxlKr��ys H�rruwer In�erest un the Funds ancl apt�lic�bl�!aw pe�•mits Lcixier to ma0ce such
<br /> a charge. However, [,ender may require Burrower to pay u orx•tin�e charge for un indeperxlent reAl estate tux reporting�:rvice
<br /> u.ticrl by l.cixletr In connection with this IuHn, unlcss applicablc law provides othcrw�se. Unless un Agree�rH:nt is macl� ur
<br /> eppBceblo 1aw requires intcrest to be pafd, l.crKlel Khall not be requiral to pxy Borrowcr any inter�ct or earnings rni the Funds.
<br /> ��rmwcr ancl 1�encler ma.y nn,ree in writiiiq,however,that inttrest shull be paid on the�unds. I.endcr shall givc to Borrower,
<br /> wittwari chxrge. an snnual accounting af the Funcls. ehowir�g crddits a►x! debits to the Fundx and thc purposc for which eueh `
<br /> d�bit to the Funds waa rtwult.The Funds are pledga!a.s additiunal sa:urity for all sums securect by this Security Inshument.
<br /> If Ihe�urxls hcld by Lcnder exceecl thc arrx►unts pern�ittal lr�be held by applicable law, I.endcr shuU acconnt ta R�rrower
<br /> fc►r the excas FunJs in accordance with th�requdre�nentQ of applica6le 1aw. If the nn�unt of tha Funds held L•y Lencier at a��y
<br /> time is�wt nuificicni to puy the Esecow Itemy when due, l..ender may so notify BorrowcT in writing,and,in such case Aorruwer
<br /> shall pay ta l.ender the umount necessary tu make up the de�ciency. Borrower shAll m.1ke up the dc6ciency in na more th�n
<br /> twelv�monthly p�ymentc.at[.ender's�sale discretion.
<br /> Upon peynxnt in full of ap sums :sccured by this Security Insttument. I.ttxler shall promptly refund to l3orrower any
<br /> � rutxis held by I.ender.If� mxier parugrnph 21, l.endcr shall sicquire or sell tl�e Property,L.cnder, prior to thc acquisition or sale
<br /> of the Yroperty, shull apply any Funcls held by�.e►Kler st the tin�of acquisidon or sale as n credit against the sums secured by
<br /> this Security instrument.
<br /> 3.Applkatlaa ot Pnyments. Untess applicable law pro�ides othcrwisc,all payments reccived by L.enUer under pamgraphs
<br /> 1 and 2 ahall be applied: lirst. to�any prepayment churgea due unckr tise Note; second,to amounts payable under paragrrph 2;
<br /> thi�d,tu Interest due;foucth,to principal due;and Is.St,ta any la►.e charges due urxkr the Note. '
<br /> J,�`I.�,r�►�;�.ie+ra. A,�rmw•Gr sha11 pay all wcas,ascessments. eharges,fines and impositions atuibutahle ro the P�r�►erty
<br /> which mAy attein priority over thi� Security Instrument, snd lea,ehola payments or ground rents, if any. Borrower sh�11 pay
<br /> these obligations in the manner provided!n puagraph 2,or if not puid in that manner. Iiorrower shall pay tham on ti►rx dic+ectly
<br /> to the person ow•ed paymant.Etorcower stwll promnr.Qy fur�iish to i.endcr all nwices of amounts to bc paid u,ider this paragwaph.
<br /> If Borrower make.s these payments diractly.Borrower shvll prom�tly fumish to Lender roceipts evidencing the payments.
<br /> Aorrower sf�H pmmptly discharge any lien which hafl prionty over this 5ecurity Instrument unlsss Borrower:(a)agrGes in
<br /> wrl�in�to the ps�yment of the obligat'wn sccurai by the litn in a manner ucceptnblt to Lender;(b)contests in good faith the I�en
<br /> by,or defends against r.nfarcement of the lien in. legnl proceedings which in the Lender's opinion opGrate to preven: the
<br /> r�yiorcen�ent of the licn;vs•(cy secures 6um the hol�rer of d�e Ilen an agreenxnt satisfxtory to I.ender subocdinating the lien to
<br /> this Saurity Instrument. If Lender detcrcnines that any put o�the Properry is subjcet to a licn whlch r�uy attain priority over
<br /> this Security Instcumcnt, I.cnder may givc Borcowc:r a notia identifying the licn. Horcower shall satisfy the Iton ar take oae or
<br /> more of the acti��ns set forth above within 10 days of the giving of notice.
<br /> 5, �rd ur p�nperty I�urance. Borrowac shall keep the improvements now existirog or hereafter erectad on the
<br /> pr.w•rtlr t�n,�v_,ri,n�o�irvr�nu hy frr; harardc i�luded within tt�term "extcndrd covetaYe"aad any other h�ls. includin¢
<br /> floods or tlaading, for which Lender requir�insurance. This insura�ce 6halt be muintuinod in the amounts a�d for the periods
<br /> thu l.ender requires. 71w d�uurance carrier providing the insurance shnll L�e chr,sen hy Borrower subject to Lender's appmval
<br /> which shall rat be un�nnably withheld. If Borrowcr fails to maintain cor•e,s�c dexribad above. I.�nder may. At [xnder's
<br /> option,obtain coveragc to pmtect Lerxfer's rights in the Property in accordancc with paragraph 7. •
<br /> All iasurance policies and renewals shall be sccehtable to L.e+xler and shall include a standard mortgage elxuse. I.�ader
<br /> shsill have tho right to hold the policies and rcne�luls. If I.ender requi�s,Borrower shall promptly give w[,oMier a11 roaipt�of
<br /> pRid praniums and nenewal notic�s. In the event of Icyss,Borrower shall g�ve pran�t not�ce to the inwrar�ce carrier and Lernkr.
<br /> I,erMer may m�ke proof of losa if not msde prc►mptty by�onrower.
<br /> Unl�as I.ender and Bomower aherwisc agroc in writing.insurance p:+oceods shall be applisd to restornticxi or c�ep�ir of the
<br /> Propert}r dan�ed,if the n�storation or npair is econanically fwibk vd L.end�r's socurlty is not lessa�ed.If th�reswndiue or
<br /> ic�,ds�;S i.c,i cCa,Tw,u.li.aiSy iuuiutc vi f.c1'wc�'n aa:uaily wuuiu�z icssetxxi. uu;i��ybiau�i,::N;C,G::c.ia oiu�i irr�iiai iv iiR.�vu9m3
<br /> sa,vraf by this Security Instrument. wl�cther cir not thrn due, witM any esa,cc�aid to Bortuwar. If Horrower a�r�duns•ttie
<br /> Proptrty,or does ncx nnswcr within 30 days a notice fmm Ixnder that the insur.nneC carrier h�s c�fferod W setde a claim. tha►
<br /> i,e�der may wlloct the inwranoe ptocoods. i.ender may usG the proceads to �e��ir or rGUOrc dx Pro�e�iy or to pay sums.
<br /> securai by this Security L�+�itument, whether or not ilw!ii duc.'I'he 30-ciay period:w�!!begin when d�e catia is give��.
<br /> Unless Lender ur�d �ornowar otherwise agroe in•writi�ng, uny..u�+plication af prooeed� to principa! shall not exterKi or
<br /> poMpone tha due date Of the monthty'�ayments referrod to in}?��t�taphs 1 stnd 2 or chartSc;the 9mount of the p�y��mta. If
<br /> unda p�uuF,r�ph 21 the Pioperty is aotluiral by Lend�tr,Borrowc�r•.s r:�ght to any insura�we pali�qies ud�xo�raulting fir�m
<br /> dam�e tcr�tho Property,pr�Enr to the acquisition shul��S+rau co I.�udor t�Uk extent of the sun�s sa.�ural by t�,i�'Security Instrument
<br /> . i�mmedl�f�iZr�nor to the qcquisition. �
<br /> f.Oi��li�er,Pire3rawrtk►n�Maintenaace�nd'Prntatiai ot tbe Pruperty;Borro�ser's I.o�n Appiicatioa;I.ta�e�bolds.
<br /> Borrowex K��11 oocupy.atablish,snd use tfte Property as Borrowtt�s prinaipal residence witl�,in sixty days aRer du execution of
<br />� thes Seaira�;r Instn►ment ar�d shall conNnuc to nccup3r the Properl�,�Horrower's principa�rr.sickt�ce for as leau one yru aftu .
<br /> tlic date of flocupancy.unl�ss C,cnder ott�erwise bgrocs in writin�; ��:hich consent sball not he�lmrrasoruibly withhGld,or unleas
<br /> •extawyting circumst�nces exist which are beyond: Borrower's eantrol. Bo�x�wer shall eat �1r3tcny, damage �r imquir the
<br /> '...}'roperty, allnw thc Propr.rty to dcteriorate. or comcnit wastc on the Proptrsy:_ Borrawer shall be m defa»It if any forfeiture
<br /> nction or pnxading, K'l�ether civil or criminal, is tK.-gun ttwt in 4.�encler's goo�.•faith judgment,could resuJt in foifeiture of the
<br /> Property or otlurwise muerially impair the licn crG�ted by this Sec�ni4y Instrumcnt or I,ender`�:4xurity interest. Bomower m�3
<br /> cure such'n default as�d reinstste,ns provided in p;u�agraph 18, by•ctnising tl�e ecciou or pirxx�f)'s��g to be dismissod wiU�e ruling
<br /> that, in Le:nder's goo�faith detcrmination, prociudes forfeitune oi the Borruwer's i�ntcrcac'nn th$ Propsrty or aher materiai
<br /> amp�irnnnt oi tlu lien crrated by this Security fn;tn�ment or I.endcr's sccudty int�rest. Horrower shalz�lso bc in dcfault if
<br /> �orrower,during the loun upplication process,gn�2�rnnterial(y false or inaccurate n�formation or statemcnts tti 3,ender(or failod
<br /> to provide Lcndcr with uny material infomwtion)3n a:onnection with t6e loun evidenced by the Note,incluc�imb.but not limitod
<br /> to,rcprtsent�tions wnoernmg Borrower's occ��p�u�cy af the Froperiy as a principa!reside►x�e.�f ihis Security Insinrment is on a
<br /> leaschold, Banowcr shall comply with �I! tlx: provisions of thc lease. If Borrower aoqu:res fee titte to the Property. the
<br /> laasetwld�r+d thc fee title shall not mergr ualess Lender agnas to the merger in writing.
<br /> 7.P►+atectbn ot�.ender's Rlahts in Qhe Plruprrty.If�orrower Caity tu perform the covenants and agrcements contunod in
<br /> this Socurity Insttunxnt, or there is a legal prc�eaating that may significantiy af�'ect[.ender's rights in tho Proneny (suci�ss a
<br /> proceodina in bankruntcy; probate, for condemnut�on or forfeiture or to enforce laws or regulations). tfKn i.erxkr rruy do a�xE
<br /> __t__t'_'__1_ _ �.L�_J� �J.� ^ ..�J f�J�f_ �J.�� :��1.� ��r�. ■_J��� _
<br /> �ra�tvc w�wwee� �a noi.c,iaiij iv pivtia:t�ue �mwe va u�e.a.sf,c..j w�u�wn� o a�ynw m u�v r�vpe�a�. a.eawiez a�.i�cnu n�j
<br /> �nclude paying any sums secured by a lien which has priority over this Socnrity Invtlumene. appearing in court. paying
<br /> rcasonablc attotncys'f'ccs and cntcrinR on thc Froperty to make rcpairs.Aldzough Lcndcr n�ay tafcc uction u�xicr this paragraph
<br /> • 7, Lender daes not have to do so.
<br /> Any amaunts disburscd by Lr.ndcr under th'ss paragr�ph 7 shall bc:comc additional dcUt nf Borrawer sccurcd by �his
<br /> 5ecurety instrument. Unlcs9 Eiorrower a»d litnder agrce to othtr tCrms of payment,thcsC amounts shxll bcar interest from the •
<br /> date of di.stwrsenxnt at thc Notc rate�xi ahulf be p+iyable. with intcrcst. upon notice from L.cndcr to Burrower rtqucsting
<br /> payment.
<br /> 8.Mortg�t Insurana.If Lender roqu�rod mortgage insurancc as a corxlition of making thc loan sccurosi by this Security
<br /> Instrument. Borrowcr slwll pay t1�c prcmium� rcquir�al to maintain tho nwrtgagc insurancc in cffcct. If, for any r�a.wr�. tt�
<br /> mortguge insurance cove�•oge required by I.titdr.r lapsey or ceasts to be in effect. �orrower shall pay the premiums rcquired to
<br /> . abtain covcrAge substantlelly cyuivnlent to tfk�mirtgage insurr�x�prcviously in effcct.At a aust subst�:ntisl7y oquivalcnt to thc:
<br /> cost to Bnrrower of the mortgage insur�rxe previously in cffe:t. from en ultcmata mongagc insarer approvai by Ixndcr. if
<br /> . � v�i oi♦ Form 3Q28 9190
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