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<br /> 7'hc Nuixls shali be held in an in�[iwtiun wtx�sc de��sit� arc ii��urcJ by � talcral rgeix�;, in.�trunxN�lit}•. or entity �
<br /> qn4luding l.enucr, il'L.r�xkr i�u�rh un i��.�tilutian)iu in any� r�vleral Humc L�un Bank.I.cixkr:�hall y+ply the Futxl�t����:p the
<br /> �ww� [tcnt,. t.ctki:r nu�•n:st clti:ube&�rn���er for ha�lding H�x►���iy����i�ru�,�:. �umu:►ily a»xh�rin}�the e..�ruw x�.�unt,or
<br /> ��erifyin�;thc L'xruw It�my,unkys l.ender�+:�y��ki��rruwrr inler��t an the rwxl�uixl uE�pUr.�t+l�I�w ��.rmit�l.c�xlcr to nule.ueh �
<br /> o char�c. H��M•t�•er, l.rixlrr may r�v�uirc ki+xr��w•er t��p:+p u e�ix-tii�x cturgc Ga•:u�i�►.k�ku�l.nt r�al utrt�tr� r.{x�:tiiig�:cr��irr _-
<br /> uktil hy Lc�xic� in rupncction with this Ic�:tn. unlctis applicaMlc law• proai�k� WIICIR'IK. UIIIC�� a1 agrccm.nt i� m:wlr ��s --
<br /> �pplicahle law n�yuires interert tu tk pai�, l.eiuler�hall iwt t+e r��uireJ tu pa5" ti.�rrawet an}intcr�.�or carninge un�he t�u�wl�.
<br /> tk�rrnwer lixl l.cixtcr n�y aKrcx in writin�,huwc�•cr. �hat intcr��t slwll tx�Mid ��n thr I�u�xl.. lA�xkc.tull�i�•c tu t��rn►w•.r. _
<br /> Wi�hcwt charge, an unnua! ;kr�wnli�ig of the furxis, �tu�u•ing cr�.lits atx!dchU� tu thc Fu�xl�aixl thc purp�tic far which cxh i
<br /> dehit tr the Fuixlc w�:�r nwde.The Funds ue pledged a.:ulditi�nal �ecurity for;►II �uin<kcunrl b}•tnir tie�uni}� lii.uunk�tit. _
<br /> If the Fu�xl�het�by L.cncicr cxcecd thc auu�unt�permitted tu h fkld B)'ap�+ti�«bte laa�,Lenderstull�tiywni t��&�rrt►wri _
<br /> fi�r the rxcess Funds in arc��rcl.vue with the requirenxnts of applicable luw. 1`du:urmunt of�hr�uiuls hcld by Letxler at any
<br /> timc is cwt w(licient to pay thc Esrmw Itemc u•f�n dur.l.eeder may w notify F�kn�aer in writine. und, in uuh�ase&�rruu•er
<br /> sh�ll pap to Lende��the wnouut necessaiy to nnke up the deficiency. Ek�rrowe� s!►all nLil:e up ttie dcficiency in�x� nan:than
<br /> twelve monthly payments.at l.ender's sole discrction.
<br /> Upon pa}�menc in full of all sums secural by this Security- I�utrunxnt. L.eixier shall promptly refund to Qorrnw�er any
<br /> Funds held by l.endcr. if, undtr paragraph 21, l.erxlcr shall acquire or acll the Property.L.endcr,prwr to the acqui�ition or sale
<br /> of the Propeny,shall apply any Funds iuld by Leiuler at the time of acquisitian or sale us a crc�dit �ainct the sums secur�xl by
<br /> this Sccurit}�Instrument.
<br /> 3. Applic�ti�n of P�Smenis.Unless applicable law pravidec oiherwise.all payn�ents recei���d by Lendtr under�aragtuphs
<br /> I and 2 shall be appliod: first. to any PrepaYment charges due under the Note: socpnd,to amount.s p�yable under para�raph 2:
<br /> thirJ,to interest due;fourth,to princ�pal due;an�l last,to any late charges due under the Nate.
<br /> 4. Chsuges; L.ienc. Borcower shall pay all taxcs, assessments,charges, fines and impositions attributabte ta the Property
<br /> which may attuin priority over thic Security Lutcument, sutid leacehold p�yments or gtnurxl rents, if any. Borrower sf�ll pay
<br /> these obligatians in the manttier provided in paragraph 2.or if not paid in that manner.Borrow�er shall pay them on time direcdy
<br /> to the petson owad payment. Borrower st►all promptly fumish ta Lender all notices ot'artwunts to be paid under this pa�~.tgtaph.
<br /> If Borrower makes these payments diratly.Borrower shall promptly furnish to Lender roccipts�videncing the payments.
<br /> Bonower shall promptly disch:uge any lien which has priority over this Security Instrument unless Borrower: (a)s�me.c in
<br /> writing to the payment of the obligat�ra�i secured by the lien in a manner acceptable to I.endcr,(�b)contests in good fstith the lien
<br /> by. ar defends against enforceme:c uf the lien in, legal proceedings which in the Leruter's opinio� operate to preveni the
<br /> enforcement of the lieta;or(c)sexure�from the holder uf the Iten an agreement satisfxtocy to Lender subocdinating the lien to
<br /> this Secutity Instnuncmt. If Lender detemiines that any part of the Propeny is subject to a lien which inzy attain priority over
<br /> this Security Instrumrnc,Leoder may give Borrower a notice identifying the lien.Borrow�er�6a11 satisfy the lien or take une ar
<br /> more of the actior�set forth atsove within 10 days of the giving of notice.
<br /> S. H�rd or Property Iasur��ce. Borrow-er shall keep the improvemenu now exiuing or hereafter erect�.f un the
<br /> Property insured against loss by fire, hazards inclwi.°d within the tertn "extettided coverage'and any other ita�ards, ia:lading
<br /> floods or flooding. for which Lender requires insvr�wnce. This insurance shall be maintained in the amatnu nnd far the periods
<br /> thai Lender requires. The insurance camer pmcicfin�the inwrarxe shall be chosen by Borrower subject to L.ender's appmval
<br /> which s�ll not be unreasonably wit�hetd. If Borrower fails ta maintain coverage drscribbd above,I.eaxler may. ac L�a�er�s
<br /> option, obcain wverage to protect L.�r�c5er's rights in the Propem� En aceorQance with para�r:;�7.
<br /> Af�B�nsurance policies and reine��'s shzll be acceptabte co e.ender and shall include a siandard tnortgage clau,ce. 3xndet
<br /> shall have the right to hold the policies and reneµals. If Lender requires.Borrower st�a11 p�omptly give to I.ondcr�ll rx�ipts of
<br /> paid premiumc and reoewal notiees.In the event of Eoss.Borrower shall give p�ompt notice to tl�e insuranx carrier and I.eader.
<br /> Lender m3}make pcnvf of loss if not m�de prauptly by Borrower.
<br /> LTukss I,endei and Borrawer ot}�erwise agcee in writing,iasurance procYeds sha11 be appliod to restor�tion or rtptir of the
<br /> propeit�d�aatiaged.if the restontion or repair is economically f�asible and Lender's security is rwt lessened.If tho resWr�sion or
<br /> - - 7c�u� :s i.ui cwiwaiii.��i�t.�::.^,T Lri`::,.'7�°.x!!llt��!.lr�Fw lrccrMtla fif'incuratloC D[OQCE�S Sh� �7G itDA�lOd IO t�IC SW114
<br /> secured by this Security Instcument, whether ur uot then due, with any excrss�id to L'orrower.If Borrower�abandons the �
<br /> Property, or does not answer within 30 days a notice from Lender that tho iruurance carrier has offered tu settle a claim,tt�a�
<br /> Letxkr may collxt the insurance praceeds. L.ender may use the proceeds w rtpair or restore the Pr�zrty or w pay sums
<br /> sacured by this Security Instrvment,whether or not then due.The 30�ay pe�od will begin when the notice is given. �
<br /> U�ess Lender and Borrower otherwise agree in writing. any appliration of proceeds to pri�xipal shall not e=terxl ot
<br /> postpone the due date of the monthly paymenu referred to in paragraphs 1 and 2 or ci�ngc the amount of the pa}ments. If
<br /> under pangraph 21 the Property is acquired by Lender,Borrower's right to any insurance policies and proeeeds resu�ting from
<br /> , damage to the Propecty prior to the acquisidon shall pass to I.ender to the extent of the sums sxurod by t,his Security t"«�'^Y^t
<br /> immediately prior w tl�e acquisition.
<br /> 6.Oocupaecy,Pr�servsttion.Maiatenan��e and ProtecHon of the Property;Borrower's I,oan Appikation;Laseholds.
<br /> Borrower sh�ll oocupy,e.uablish.and use the Property as Borrower's principal revdena witliSin sixty days aftu the execurion of
<br /> this Sc�-scrity Insnvment and st�all coniinue to occupy the Property as Borrower's principat residence for at le�si one yca�afier
<br /> the dztz of occupancy.unles.c I.ender otherwise:�grces in writing.which consent sl�11 not be unneawnably wit}�held.or unless
<br /> ezte�utating circumstances exiu which are bekwici Borrower's oontrol. Botrower sh�ll not desuoy, dtinage or impair the
<br /> Property, �liow the Property to deterioraic, ar�ae�►mit wasie on the Property. Sorrower shall be in default if�ny forfeiwrc
<br /> aciion or procceding, whethor civil or criminal, is begun that in Lendtr's good ftith judgment oould rtsult in forfeiture of the
<br /> Property or ot(xrwise materially im{�air the lien created by this Security Instrument or Lendet's security interest. $orr.a�er may
<br /> cure such a default and reinstate.as pcuvidod in par�graph 18,by causing the xtion or praceeding w be disotissed witt�a ruling
<br /> that, in Lendor's good faith detemtination, prerludes forfeinue of the Borrowu's interest in the Property or other rnaterial
<br /> impairnxnt of the lien ereated by this Securily tc�c[rument or Lender's soeurity inierest. Borrower shall.�lso be in default if
<br /> Bnrrower.during the loan�pplication process,�;:.e materially false or inaocurate information or stauinents t•�Lender(or failed
<br /> to provide Lender with any material inforn�aticxt�•in connection with the loan eviderece�d by�e No:e,includiag,lwt noi 1imi�
<br /> to,mpresentatiau conceming Borrower's oo�pancy of the Property az a principzl eesidence.If this Security Insuua�u is on a
<br /> leasehold, Borrower stt�ll comply with zll the prov�,siw�s of the lease. If Borrower acquires fee title to the Praperty. the
<br /> lcasehoW and the fee tide sh�ll not merge unless L�der agroes to the mergu in writing.
<br /> 7.Prot�eNoo ot Leader's Rigbts io the Prvperty.If Borrower fails to perform the covenants and agn��menu containai in
<br /> this Secvrity Inctrument, or there is a legal proceeding that may significantly alloct Lender's righu in the Property (such as a
<br /> p:c�.�c3ing in l�ss.�:up'.c•;.prabate. fQr con�emaaton or forfeiture or to enforce laws or regW�tionsl. ttier�Lender may do and
<br /> pay for wh�tever is nacessary to protect the value of the Property azd l.eoder's righu in tbe Property_ Lender's xtions may
<br /> include paying any sums sacured by a lien which has priority over this Security Inctrurtrent. �ppe,anng in oourt, paying
<br /> reawnable attomeys'foes and entering on itie Prop�rty to make repairs. Althoogh L.ender rmy talce xxioa under this paragraph
<br /> 7.Lender does not have to do so.
<br /> Any amounts distwrsod by Lerider under this par�graph 7 shall become additional debt of Bonower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other tcrtru of paymene, these �nxwnts sFtall bear interest from the
<br /> date of disbursement at the Note rate and sl�ll be payable, with intereu, upon notioe from I.ender to Borrowu requesting
<br /> PaYmeru.
<br /> $.Mortg�ge Iaswstnoe.If Lender required mortgage iasurance as a condition of malcing the lou�secured by this Security
<br /> Inst�urnent. Bo�rower shall pay the premiumc requira!to maituain tF�e rtx�rtgage inwranee i�effoct. If, for any re,uon, the
<br /> mongage inwtu�ce cover+ge required by Lender lapses or ceases to be in effect.Borrower shall �ay the premiums roquireci to
<br /> obtain coverage substantially equrvalent to the mortgage�nsurmce prcviauly in effect,at a cost snbs:ar�tially oquivalent to the
<br /> oost to Barrow•ex of the mortgagc irssur�nce previously in cffe..'t, from an altemate mortg�e insurer approved by Lcndcr. If
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