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<br /> '�t Borrowet's et;aow account under the t�deral Rea1 Ectate S�tttement Pmcedu� Act of 1974 as arts2nded ham time fo Ume, 12 US.C. • -
<br /> 2601 et seq. ('RESPA'),unl2ss enother Iaw 4hat appL2s to the Funds sets e lesser amount B so, Lender may,at any t!me,collact end �� �
<br /> ; � hald Funds!n an amount not to�ceed ffie[esser amount Lender m�y estimate the emount of tunds due an the b�sts of aerrent daffi � . . '-_
<br /> and masanable esthnates af m�endRures of fuWre�scrow ltems or othenvlse in acwrdariee wfth appGeable Iaw.
<br /> f : � The Furtd9 sha11 be he'd in en ins�ion whose deposits are tnsured by a federal agency, Instrumenfaktyr, or ettttiSr (inotuttr►g _ _, �- , ' • -_-
<br /> LCndEI.B 4��ds3!9 SuCh°�it IttSti'31L'..�ii}Ct �i�iy .�fii��a{ HOiTi8 L�Si ��k. t�~td�sra�a�y tra FCAd'o tG p6y1 tti'v r`�•.'sGPaiv$Tii�a. =-��-P
<br /> ; j Lend2r may not charge Botrower for ho,dtng and applying the Funds,annuaty analy�ng the esaow accaunt, or verft�ting the Escrow � � ' �, ; ^
<br /> .`•� ttems,untess l�d�pays 8ortower(nterest on the Funds and epp�cahls law permits Lender to make such a cRarga HawEVer, Lender , '. '`t
<br /> k may require Borrower to pay a oneffine charge tor an independertt reat estate tax reporting servi�used by Lender In connection with " " � -
<br /> : } thls toan,unlass appIIcabte taw pmv(des othecwfse. Unless an agreEment is mada or appQcable taw requtres interest to 6e pald,Lender , '
<br /> � � shaD not be required to pay Borrower eny interest or eamings on the Funds. 8orrower end Lender may a{Jree tn writirtg,howevcr,that
<br /> � - trrterest shaD 6e paid on the Funds. Lender shaD ghre to 8orrow2r, wtthout charge, en annuai accour�ng of the Funds, shovdng -- �-'--�-- -
<br /> cred�ts and d�fts to the Funds and the purpase for whtch each debft to the Funds was m¢de. The funds ara ptedged as eddiUonal . •• •;�
<br /> . securily tor a7 sums secured by th►s Searity InsVum�i ' . :` ^,«;,���'Ji
<br /> if tt�s Funds held b Lender�cc;eed the a�r,ounts ermiKed to be hdd b 4cahle Isr�,Lender shatl accaunt to Barrow�tor tho • �,f '
<br /> Y P /aAp �''� - � •-°�� � ��`:
<br /> � ` excess Funds fn accordance wiih the requirem2nts oi appGcabls taw. If the amaurrt of the Funtis held 6y Lender at any tme[s eat _.._:..�<�.� : .
<br /> i��:�
<br /> �• �• suHident to pay tha Escrovr items when due, Lender may so notity Borrower i�wrtttng,an�,tr�such case Borrower sha9 pay ce l�Qer Ey,::;.<;�:',','�,�� . �•;.•r
<br /> X: ;'�;y. '�•. : •f:..
<br /> � ,�K.;�3 the amourst necessary to make up the deitci��y. Borrow�sha➢make up the deftc�ency in no more than twa4e martthly paymeitr,at .
<br /> �r 5'r".� LHId�B 8018 dIS�JETIOi1. ,` � „r�'�� ,
<br /> �}5t.�:Y; Upon payment[n fuD at a➢sums secured by this Securiry(nstntmerrt,L�der sda0 promptly refund to Bartower any Fands held by ,� ,.�`-,c,`,�� _
<br /> Y�`= Lender. H, under patag►aph 21, Lender sha0 ecquhe or s�!the Praperry, Lender,pdor to the acquisition ar sale of the Property,shatl - - _ - '
<br /> apply sny Funds held by lender at the tMe at acgu(sidon ar sete as a credrt against the sums secured by this Searlty tnstrucrtent °'� ,��,°•:�,:,_M�,'
<br /> 3.AAplfca2ton of Paymoe�. Un[ess appQcabto taw pmvides othawtse,a0�sayments receIved by Lender under para�aphs ' �i �:. :-
<br /> sa
<br /> ,. 1 and 2 shal be app4e�first,tn azty prepaymait chargas due under the!�� second to amomrts payable under paragraph�thtrd ' .�`��?";;
<br /> . to t�erest du�taurth.to pdncipal du�end tast,ta any tate charges due undQ the Note. ' . , .';��
<br /> . 4•Cii�$8� LlBits. @ortow�shal! pay all taxes, essessments. charges. 5nes end impos(tlons atU[butahle to t#�e PropeRy `` .� �`�v. ,
<br /> , ��•� which may eria'n prfariry avc-�tfc�s Securiry InstrumenL ertd feasehold payments or g�ecmd r�ts, ff sny. Bortowp� shalf pay these ��#,'�:l -�'. �. .
<br /> :;1�=�� ob9gaUons(n the manner pra�rir,�ad h� paragraph 2, or H not pafd in that mannc-r.Bortower st�pay them on ttme d�recriy to the persen ;���• � �' � �� �_ �
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<br /> :c.. :,�r owed paymatt. Borr�wer shaU promptty fumish to Lender eD noUces of s►nauc.ts to be paid under thfs parrigraph. If Borrow�malc� _, .;�:-,�� . .
<br /> •�;�ip these payme�ts d¢ectly►.Bortower sha6 prompUy fumish to Lender recepts c-v�i�endng the paymerrts. , • '�'�
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<br /> •- Borrower sha8 promptly mscharge any lien whi�h has prtority over th:s Security Instrument unless Borrower:(a)ea,�ees 6�wrfting to . .�a -
<br /> � ' ��.
<br /> ' the paym�rt o?the obQgatlon secured by the�en in a mannEr�2ptable to Lender; (b) coMests in good fa�h the Cc�(iy. er defet�ds `_�4 i ,=
<br /> �;�;�• aganst�foreerr:�+S of tha Uen in,legal proceedngs which in L:a Lender's oga�lon apera2e to pravent the e�frr�;rnent ot'Jce Gen;or(c) ' ;��,?•..` .
<br /> . 1,,. -.
<br /> ,;�'� secura irom tl:�c�rQlder oi the tlen en agreem2rrt saUsf`actory to Lender�r.r�naUng the Uen to this�a�?�Insbumert. If LendEa r;�,4"•� ' "�'.i ^.•
<br /> £� 'J. '.
<br /> determines that�sq�part of the Pruperry is subJect to a Uen which ma��n prtorfty over this Securt.y i��ama�t, Lender may ghre. '�" �
<br /> � .
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<br /> �� Bortower a npUce tdentityGig the Uen. Borrower shall saUsty tfie tlen or taS,z one or mare of the adlons set taRh above within 1Q days �4��,•`- ' , '-�i�t •-
<br /> '. ' of the giving oi noflce. � w : . ,�,
<br />. .��'��:� �.� .�,•�.. _' .
<br /> ��!; 5.Ha¢ard c+z Pr�petty�nsa�rancm. Sorro��er s:haT lcesp the improvements nov� extsting cr E�,eafter erected on the _ i.•,r �:`r.;,,t�s�l`��:. -
<br /> 1� Pro tnaured s a1nsY loss b ftre, hardrds Meluded wfttt� Yna tertn 'aQended coveta e'and en other►rs�ards.lnciudtn 1loads or -.�. . E;�+''�f r��''�+,:�"`,
<br /> � �s, P�Y B 1► 9 Y 9 .� o�;. a
<br /> '.i-, flooding,for whxh �L� requires Insurance. This Insurasza shaD ba mafntained in the amounts end for the perlods that Lender �'.;,:.;�. ���.�:it% ����1,�"`
<br /> � r�a}.�es. Tha Nsu�snce carrter provt�ng the Insurance shaC�e cho�en by Bortower su6jecl to Lender's approval whtcb sAaO nat be �'ti�1�%:� �.'�"."�?.��. -•
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<br /> c��ausonebly wkhhetd. H Bortower fails to mafitatn cav�a� descnbed above, Lender may, at Lendet's opUon,obiain coverage to �-+°•�:=;���
<br /> " protect Lertder's tights In the ProyeRy in accordance with P�9�Ph 7. . - �"..s�.�
<br /> ra
<br /> . A7(nsuraraa�aGcies end renewats aha0 be aceeptabte to Lender and shall Indude a sffindard maRgage e(ause. Lender shaif have '."� '`�'��'
<br /> . . the dgM to ha:•ihe poQcles and tertewais. If Lertder requ[res, Borrower sha9 promptly ghre to Lend�a0 recefpts o}pald premiums - - r�:�;���,
<br /> .• end�ewal naUees. In the @i�t o!loas, Bortawrr ahaU gi+re promp!noUce to the insurance earHer and L�dri Lender may trtake � �•��.. -
<br /> proof o}tasa H no!mada�ma.qp�tn�by Borrower. ���E"`:' =��a;r`;%-
<br /> ; " Untess Lenda and Bortower othe�wise agree In wriUng,s��Jance proceeds shaU be appQed to wstoration or repalr of the Praperty �� `�� - � ��
<br /> +� darnaged,H the restaraUon or repeir ts ecanomcaUy teasbte�d Lenders s�,riyr Is not lessened. If tAe restoraUon or repatr ts not .
<br /> : economically teas(bto or Lender'e security woub be lesserte� tfie insurs:e proceeds sheA be appoed to n�e sums secured by this _ °°��:
<br /> . � Securliy Instrumenf, whether or not then due,with any Q� �sld to Bonower. I} Bortower abandons�e Propeity, cr doos not ' � -
<br /> ��
<br /> � • answer v�thfn 90 daya e no�ce hom Lender that the Lz::y:a:ae cartier has offered to setUe a eL�1m, then lendv ma}��rtcQect the X�`'�
<br /> � . tnsurance praceeds. Lender may use the proceeds to r�;,�Cc ar restore the Pro ar to .�'��'�Y-
<br /> P� PaY sums secured �y t1�1s 3ecudty .
<br />, ' Instrumm�whetfier or not then due. The 3Q�y;,.�tod wr��„n when the noUee fs ghren. �".'� . .
<br /> • Untas L.2 ctm and Borrower oiherwlse a�cs wn;".ir.�,a�y appilcatlon of proceeds to prindpat shall not extend or postpone the ���_°
<br /> due date o1 the xn�nlhfy ps/mants ncferred to 3s qra��t and 2 or change the amaunt of the paymer�ts. B under paragrapfi 21
<br /> � ��:UR,.��',�;:�:�:o:::—
<br /> • the P�opeRy(s acquired by i.i�n��r.Bortower's d�ht to az�n^::l:rsnce polides and p�oceeds resuRtrtg from damage to the ProP�Y P►� �.Pid."'''°''�':=:=.9-°`�,�',
<br /> to the aequisfllon shell pz� t� Ler�der to the �xxtent ci t'ae sums secured by this Security tnstrument tmmediately pdor to the � ��a s'•:.��.'�`�'"``
<br /> , er t �;��.: _'--..... - _
<br /> :.. �r BCQU�S�Ofl. � ��i: .. �r m:;• • �
<br /> . f�'� 6. Occ• s� Press�lon, ��i'cu➢nlenaneo and Protaction of the Propart*p; Borrower's Loar� ����'x� ,.. �
<br /> `;.,i!°; '� �►� �;�:���:_t�,,+ ����jr,��;:
<br /> •n• /��BICi�mm: �ASe�101d9. Bortawer sfia7 occupy, e�tabqoh, and use tho Pro9erty as 8ortower's pdrt�el restCenca withln sbCy • �'�.�t;�'�':
<br /> . . Jays IIRer ffis ewcuflon of lhla Security Instrument end srral c3nUnue to occupy the Property as Borrowet's pt,r,c.+,�;rosi9onee for at ' '��"'..' �
<br /> ,,, dsa�i ono year aFer tf�e dai3 ai occupency, unless Len��r atherwise egrees In vrt(tlrtg, which consent sha.7 cct f:n �:irr�sonabTj • ,' , �� ..
<br /> � '''���� �tDhei9,er ur.}sss ta2enuating chcumstences �ciet whlch ara treynnd Borrowe►'s conbnl. Borrower sha7 r.et��:c/,ci�r,s�;,o or Fmpsfr - ••^ y��----^�
<br /> . '� the PropeAy,e2l�r�1ha Properry to dotedorfue,or commit vx�ste on the Rropert/. Borrower shail be�r►defisiult Q any les;e:i.-re a�ton cr � ., . •
<br /> ' pmoeeQing,whether cM4 or aimin�l.ia begun thet tn Lend�'s gaod taith Judgment eoutd result tn tortei!ure cf the Proper:,�or o:`ervr'�o •�,a3si
<br /> mateds8y impalr the Uen cresrted by this Searity instrum3rtt or Lender's searrity interr�t Bortower may cure sach � Getaufl end � ` : `
<br /> .. � relnstate,as provJded in paragmph 16,by causing the ec�.un or proceeding to be�ismir�with a mling that,fn Lma,�', good ta�+ , � �
<br /> determination, preGude� foAeiture o! the Barrower's tnterest tn the Properiy or other material impairtnent o}the iten crnated by thi� .
<br /> � 1 Security InsUument or Lender's security Interest. 8ortower shaD slso 6e in deisuit N Borrower, dur(ng the loan appllcatton process. � � • —
<br /> _ � , � ? gave mategtaity false or inaccurate IntortnaUon or statementa to Lender (or fafted to provide Lender with eny matertal trtfortnailon) irt . • � --
<br /> � •� �annectlon with the foan evidenced by the Note.incSu�ng, but not Ilmited to,representattons conceming 8ortovrer's oauaancy of the •� '
<br /> ��� Property as e prinGpal rcsidenca. It this Ssarity Instrument ts on a leasefiotd. Borrower shatl compty w�th ell the pro�isions oi the • � -
<br /> ,� lease. H Borrower aeqnires tee Ulle to the Prop�ty,the leasehold cind the fee titla shaA not merge untess the Lender agrees to the � . , . i
<br /> TQ$Cf tIt YlJ�T11fA. Form 3D2B 9l90
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