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<br />! Th: Fuixl. slwl! he helJ in �u iactitution wtu��: dcpo�its ar. insur�xl by a f�Serol a�c 9�in�truii;n�zaTt4���uity
<br /> (incluctinp,Lc�rkr, if Lender is such an institutHU�)or in any Fcdrral Uuntc l.uan B:usl:.i,cnucr sn:ili up��ly the f�unJs to p:►y the
<br /> �xn��a ltrms. l.�rxler n�a}• rn�t ch9tre&�rt��u��r fur h�idi�,snd s�►,lyin�the Fu►x1a, annuxlly snalyii:►g thr r�rr��w w•�•�NUU,��r
<br /> vt�ifyioF�h�E�er��w itcm�, unle«l.c�xkr�ys Iiorrowrr iiucreu�m lhe Fu�x[s arxl applicahle law permits I.ctXter to mal;e su:h
<br /> u rharg�. F{anvc��rr, l.c�xtcr nuy requin. [3c�rcower to pay a onc•tink charge tor�n incieQendCtU rc:a)C.�tate tax rcporii►�ser�i��c
<br /> utc.l h• Lcmtar in coni�tion w•ith thi� luan, unlesc applir:ihle I�w pro�ides cxFu.rw•ise. Unless zu� agr��emcot �s maiic �:
<br /> a{�plic�lQ�Iti��� rcyuir:. int�rest to he paid, l.rnder�twll ix�t be requiral to pay Borrawrr a�iy interest or earnings on thz fwxlr..
<br /> &�rr��Her un�t LenJer nw�• ����c in writing, howe�•er, tl�.zt intetest �J�SdI be paid uii the Fwxls. Lx�xlcr shall give ta B�rrawcr,
<br /> witlk+ut��h�i�;�. uu s��zjwal ���wipiu� �if'the I�unJ.. .1x►wi�ig �r�dits a�x�d�bits to th.. �unclx an� thc purpas� fi�r u•hirh e�c5
<br /> J�it tu tRc�l�uikiy uac n�le.Tl�e Furx3s are piaiged as sdditional sccurity for ull sums wrurcx!by this Security I�utruaient.
<br /> (i tt►e Funds held 6y L.end�r ezecec�tFu nnuwntc permitted to tk,held by appl;cable taw, l.e�Kler�li:ill u�:tiYwnt tu&a����wer
<br /> ti►r�t�c excei�Fu�xls in skcuttiia�ke wlth the reyuimme�us of s►pplicrble �aw. If the amount af the Funcis held by l.ander at w�y
<br /> tink�ic rk�t kiff.i;nt ta pa;ttk Gsct�w Ite�u when due.Lendee nwy sa nc�tify Bo;ma•er on writinS,;:n:l, in such ca:r E�rrower
<br /> sh�l1 pa��ta L�ender the�nxwnt necessary to n�afce up the deficiency. Borrower shall male up the deficie��cy in no mo�ttws
<br /> tu�al►e n�,�nthfy payn�er►ts,Ae l.ender'.sole discretion.
<br /> U�n puyu�ent in full of �ll wms secured by this Security [nstrument. Lender shall promptly refand to Iiurrow�cr any
<br /> Fun:ls held by Lencier. If,under par,�gruph 21.Lender 6hall acquire or sell the Propercy,Leixler,prior to the acqui�ition or sale
<br /> of tt►e Propeifiy. shall�pply any Funds held by l.eixler at the time of acquisition ot sale ac o crodit against th�sunLC sccurod by
<br /> this Security li�.titrument. �
<br /> 3.ApplLcatio+�of P�,ymc�ts.Unless applicable law provides otherwis�.ull paymonts received by Lender under paragraphs
<br /> 1 arxl 2 sAa11 be aE+plic�d: first. to anY P��Yment charges due under c1�Krxe: secand.to amounts payable under par�raph 2:
<br /> third.ta intcresi due;fourth,to priacipal due;and last,to zny late charges due,under the Note.
<br /> �.Churges:Lie�u. Borraw,:r, shall�ay all taxe�, :issessments, charges, fines and impasitions attributablc to¢tsc 4'n�gertv
<br /> which� may �etain priority �ver ti�i.Security Inctrument, aixl leas;.hold payments or ground rents, if any. Borruw�r chz!!pay
<br /> these obligalions in the manner Fr��ti i:led in paragraph 2,or if not paid in that mam�er. Bo�rower shall pay them on time dircct4y
<br /> to�he perso�t ov�alpa;�n�ent. Bc�.-cvwer shall promptly fumish to Lender aIl notices of amoants to be paid under this paragruph.
<br /> If Borr'oa•er malces thesc paymera:directly,Borrower sha11 promptiy fumi�to l.ender receipts evidencing the payntients.
<br /> Hc�rro���cr shall pramptly d.iw:tiarge any lien which has priority over this Securit�� in.,trument unless Borrower: (al agrees in
<br /> w•ri.ting to thc p�yment of the ob?i;atio�secured by the lien in a maruier accept�ble tU Lar�,ier; (b)contests in goocl faith the lier
<br /> by�, ar defc�uls against enforcesnent of the lien in, legal procec�dings whirh ia t�ic l:znder's opinian operate to prevent the
<br /> enforcement�of tAe Nen:or(c)secures from the holder of the lien an agc�m;:u sato��a�tory to l.ender subordinating the lien ta
<br /> this Securits+.Instr�unent If Lender detem»nes that any part of the Propert}�ati suh;e.i to a lien which may attain priority o��er
<br /> this Socurity dnst�vn�ent.Ler�dcr may give Borrower a notice identifying n7k tien.Swi+awer shall satisfy the lien or take one ur
<br /> more of the uctions set forth above within 10 days of the giving of notice.
<br /> S. 1W�rd os Ptbperty Iasuraixe. Borrowe� shall keep the iroprovements now existing or l�ereafter erected on thc
<br /> Property ins.ured against loss by fire, hazards included within the term "extended rnverage" and any other haTatds. including
<br /> floods or 41�soding, for which Lender requires iiuuranc:e.This insurance shall be maintained in the amounts and for the periods
<br /> that Lendcr requires.The insurance carrier providing the insurance st�all be chosen by Borrower wlijcit to Ixnder's approval
<br /> w•hich shall�not be unr�sonably withheld. �f 9orrower fails to maintain coverage described above. Q.ender may. at Letfder's
<br /> o�tian,obutin covenge to proterz►i.ender's r.ghts�n the Property in accordance with par,igrapt�7.
<br /> AO insurance pohcies ar+c1 rrnewals shal{ be acceptaB.e to Lender and shall incCwt+�a stat�datd mortgage eL�r«�e. Lender
<br /> stw11 P�,ve the right to hold the g+��1icies and renew�ls. If l.ender requires. Borrower sPo;r11,�romptly give to I�ender 3tC zeceipts of
<br /> paid prcmiumc aad renewal not�eas.In the event of loss,Borrower shall give pmmpt notice to the ir�wrance c�rcie:aad I.ender.
<br /> t.wcler rr�y malce�oof oF loss if noc n�ade promptly by Borrower.
<br /> Unk,a,Lender ar�!Bcu'rownt othe�wise agrce in writing,insur�nce proceeds shall be applied to restoration or repair af the
<br /> Prop�:sty damagod.if the restnai:aa or nepair is ocorwmically feacible and Lender's seciuity is not lessened.If the restot�ation os
<br /> _... i'°')�!� ..»�.^'.J:lll.:��j ��...;.....i1•":1t:2.:SY.�:f'S�.«i� �u;N�b,l�iw �ee"^.".',e�.ShP.!S!�!!!�-rTM`G�.`^Lv�'v7c ehnl �,v ary,ewrJ"s�!en th►ct�. .
<br /> securcx9�b�^this Security i:utru�iseut, wi�tl�er ur �wt tl�t due, with ;��y exczss paid to B�rrower. lt'Borrowe�:bwtidarls tbe
<br /> Property,ar does not answer within 30 days a notice from Lender that the iruurance carritr has offered to settle a claim. then
<br /> Lendc� may collect the insurance proceeds. i.ender may use the prooeods to rcpair or restore tho 1°roperty or to pay stuns
<br /> secured by this Savrity(nstrument,whether or n�x[hen uue.i ne:ri�3ay period wili begin when the c�ntioe is given.
<br /> Unle.ws I.ender and Borrower otherwise agnx in writing, any application of proceeds to principal st�ll not extend or
<br /> poupono tlte due date �f the mc�ly payments referred to io paragraphs 1 and 2 or chu�ge the azriount of the paymcats. If
<br /> under pu�,rrrph 21 the Propeny is acquired by Lender, Borrower's right to any insurance policies and proceeds rrsulting from
<br /> danuge to the Pr�perty priar to the acquisition shall pass to I.ender t�the ezunt of the sums savr�d by this Security Instrumeat
<br /> immodi�ttfy prior to the xquisition.
<br /> b.Oaapooca}.Preservation,Msintensace and Protectlon of tLe Property:Borwwer's Loan Applicatloa;Lea�el�oWs.
<br /> Basni�:u s��all ooc�py,euabiis+h,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> chis�Scxurity Instrument and�Ecz:l continue to occupy the Property as Borrower's principal residence for at leasi one year after
<br /> tlwe dzte of occupvtcy, unless Lender otherwise agrxs in writing,which concent sha!! not be unreasonably withheid,or unkss
<br /> extenuatinp circuttutances exist which are tneyond Borrower's control. Borrowtr shzll not destroy. damage or impair tIx
<br /> Propeny, a11ow the Property to deterinrate, or commit waste on the Property. Barrower s}►all be in default if any forfeiwre
<br /> actian or proce�oding, whether civil or criminal,is begun that in I.ender's good futh judgment cotild result in forfeiture of the
<br /> ' �Property or od�erwise materially impair the lien created by this Security Instevment or[.�nder's savrity interai. Borrower may
<br /> cure sud�a default and rcinstate,as provided in paragraph 18,by causing the xtion or proceoding to be dismissed with a ruling
<br /> t}wt:, in I,endec's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> impairrt�t of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in deiault if
<br /> Borrow•er,during the loan applicatiou process,gave materially false or iumxurate infonnation or staternenu to Irende:(or faile�l
<br /> ta pro�•ida Lend�r with any material infom�ation)in conrkctias with tize�t;�an evidu►ced by the Note.including. but not limita�
<br /> ta,rl�resratations cooceming Soreov�er's occupancy of the Fn.,7Petty zc a principal residerwe. If this Sectuity Insc�ttzaau is on a
<br /> Le�se7saW. Borrower sh�li co�l� with all the provisian.s uf the lease. If Borrower acquirr,s fee titIe to the Property. the
<br /> Itasehokl and the fee title sF�l[rsut merge unless C.er.des sgc�:a tisa ri�erger ifl writing.
<br /> , 7.Protettio�oi I.eader's Rights io the Property.If Borrower fails to perfortn the covenants and agreemenis contained in
<br /> this Secuiiiy[nstroment,or there is a Iegal p�ding that may significuuly �ffect Lender's rights in the Propeny (such as a
<br /> . nt��iin,g it��njceppt�y,�t�, for concic�minti�n pr fprfeiture t�r t�enf�ree lawc nr revulati�nc), then Lender rtny do uid
<br /> pap for whatever is necessary ccr protect the value of the Properry and Lender's rights in the Property. Lender's actions may
<br /> inclurk pwying any sums secured by a lien which hac priority over this Seeurity Instrument. appearing in court, paying
<br /> r�o;�b1g aitorneys'fea and entering on the Property to m�Jce repairs. Although Lender rt�y ta:e action ur.dcr t�par�ra�.ts
<br /> , 7.I.erxla•does not hava to do so.
<br /> Any� amounts disbursed by Lender u�er this paragraph 7 shall become additional debt af Borrower secured by this
<br /> Security Instrument.Unless Borrower and Lender agree to other terms of payrt►ent, these amounts shall bear interesi from the
<br /> datc of disbursunetu at the Note rate and shall be payable, with interest. upon notice from Lender to Barrower requesting
<br /> rn�nt,
<br /> �i S.btortgage Iasurance.If Lender required mortgage insurance as a condition of malcing the loan secured by this Security
<br /> In:trurn;�t. Borrowcr shall pay the premiums roquircd to maintain the mortgage insnrance in effect. If. for any reason, the
<br /> mortga�:insurance caverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiumc required to
<br /> obt�in wverage substantially equivalent ta the mortgage insurance previously in effect,zt a cost substzntially equivaleru to the
<br /> cost w Borrower of the mortgare insurar�ce previously in effoct. frow an aliernate mortg�e insurcr approved by Le.ndtr. If
<br /> ' v.o.s a s Fona 30?A 91�0
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