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<br /> Thc �undr �I�all t►c hcld in an in�ticatian u�hu� dc�x►.i�� are in�urcJ h� a f�tilrrul agcik}�, in.►runk�itality. �a• entiq• _
<br /> (in�lu�iing LenJer,if I.e+xler i��urh H�� in�titutiu��1 ur iu an�• t��vkral Rum.l.uan Hanl. l.�ixlrr.hall apply tlk 1=wxi�n��>' ttk _
<br /> Exruw•It.i���.[.ciulcr nwy�u,t rita�gc E;+�rrowcr i��r Iu�lJing urul an�+l}•iug thr I�un�1�..ntnuall� aiui��in��tk�.:n�v. �+:::�unt. nr �
<br /> �•eritying thr�row ltcsuc,unlc��Lciulrr���s[i��n�aW.r int�r�,t un thc Fu�x1�u�xl up��li.aMr lau �xrmii.Lrikl�r tt,m:+lc+u.h �_
<br /> u chargc. fiuw�r���, l.:�z.i:r m:,}• require t�+rmwrr�r paY a���K•����K�.lurrc f:sr::n ir.J:,^.er.:l.^t rra!i�t�tc tat relNali►�v wn�r. =
<br /> u:ed by� Letxicr in rnnncctiun a�ith �hi� li�:ui. unlc�, a��u�:�ni� lau• pru�idc• uti�erwi.r. Unic.. •rn aFnemcnt i� nt�lr ur �
<br /> appliral�le law requir�� intcre�t w hc p:►id.L.cnd:r�ha11 iwt t+e rcyuircd t����+y�+�rruucr any intcre�l nr carninF�un�hc fuiuls �
<br /> &,rn,u�cr :u�1 l.and�r ntiay aRt'►�in u�riung, h��w•cvcr. tfut intrr.t �h:►11 tx:�id un�hc Futkl,. I.c�xlcr�ha��v`,�r�h'ich c:xh �
<br /> withcw�chargc. an:umual�ccounting o[thc Furuf�, �huwing rr�vlit�uixl Jchit.r to dic Fwx1� aiul thc _
<br /> debit to thc Funds w•as neule.Tl�e Fwxl�a�r plrilgal a.c additicnul x�urity fi�r ill wnis�ccurul tiy this 5ectreity In.trunknt.
<br /> If the Fwul�held by l.cndcr excecd thc anu�unts p�rmittcd to be held by aPP��rahlc law•. Leiuler>ludl :uc�wnt la t��rr��u�cr
<br /> fur the ezcess Funci�in a:corJarue u�ith thz myuirenxnts uf applicable I•rw•. If the;uixwnt oi'the �wuis held by Leixier at any
<br /> time is iwt wfficient to pay ti�e EKrnw ltem�when due.Lc�xler may u�natify Borrawer iu writing,anci,in�ucti c�.�r 6un�o�cr
<br /> .Iwll pay to Lender the amaunt nece�.rary to make up the ciei"icie�u:y. Burrawer siull m:il:e up tlie deticiency in n�� mon:chan
<br /> twelvc nx�nlhly papnxnts.at Leixter's cale discretian.
<br /> Upon payment in fuU of all sums secured by thi:Secueity Itutruntent. Lender shall promFtlp refund to Borrow'er �ny
<br /> Fondc hcld by l.eader, lf,u�uier p:uagrupn 2l.L.ender�hall a�quire or sel!the Praperty. L.eixler,p�cur to ttu acquisilion or sale
<br /> of the Property. s1�U apply:u�y Funds hcld by l.eixler at the tin�e ot acquisition ar sale:u a creJit againsc che swns serured by -
<br /> this Security lnstrurnent.
<br /> 3.Applicsttion of Payments.Unle«upplicable law provides otherwise.all pa5'tnents received by i.ender under paragraphs
<br /> 1 and 2 shall bc appliod:first, to uny prepayment charges due under the Note;second. to amounts payable under puagr+ph 1;
<br /> tl�irJ.�o interest due:fourth,to principul due;and last, to any lat�charges due under the Nate.
<br /> 4,Chx�es;Lieas.Borraw•er shall pay all taxes. asse�sments,charges, fines and impositions attributable to the Propert}•
<br /> which may attain prinrity over this Security instrun�ent, atui leasehold paymentc ar�round rents, if any. l�nower shall �+�
<br /> ttiese obligation�in the manner provided in p:uagraph 2,or if not paid in that m�mur, Borrower shall pay�them on time directiy
<br /> tc+the person owed payment. Bottower shall promptly fumish to Lender all notices of amounts to be puid under this paragraph. _
<br /> If Borrow•cr m;i3;es these payments directly,Borrowcr shall promptly fumish to l.ender receipts evidencmg[he paymenu.
<br /> Borta�ez�hall promptly dis�:harge any lien which Iws prionty o�er this Security Instrument unless Barrower:(a)agrees in
<br /> writing to the�vyment of the obligatian seeured by the lien in a m�nrrcr acceptable to Lender:(b)contests in scwa faith the lien
<br /> by, or defends against enforcement of the lien in, legal praceedings which in the L�.nder'c opinion operate to prevent the
<br /> enforcern�nt of the lien; or fc�secares irom the talder of the lien an agree:ment satisfxtory to Lender subordinating th�lien to
<br /> this Security Iattroment.lf C�nder determines that any�irt of the Property is�u[+fect to a lien which may attain priority over =..
<br /> this Security tn�trument.Lender may give Borrower a notice identifying the lieit. �vrower st�ll satisfy the lien ar take one or
<br /> more of the a��tions set fonh above within l0 days of the giving of noti�.
<br /> 5. Har,�rd or Property 1tLSUrance• BotTawer shall keep the i�nprovements now existing or hereafter erected on the
<br /> Propeny insured aga�nst ioss by fire, hazards includod within the term "extended coverage" and any other hazards, including
<br /> ftoods or tlooding, for which l.ender requires insurance.This insurance shall be maintained in the amounts and for the periods
<br /> ehat Lender requires.The insurance carrie� providing the insurance�hal! be chosen by Bonower subject to I.ender's approval
<br /> which shsli not be unreasonably withheld. If Borrower fails to rnai.r�cn coverage described above, Lender may, at Lender's
<br /> option,o�stain covcrage to protect Lender;rights in the Propeny in;r��ti�ance with paragrrph 7.
<br /> All inwrance polu�es and renewals sisall be acceptable to I.enc'�r and shall include a starulard mortgase clzuse. Lend�
<br /> shall have the right to hold the policies and renewals. If Lender requires.BorroW+er shall promptly give to l.cader all roceipts of
<br /> paid premiums and renewal notices.In the event of loss,Borrower sl�all give prc�m�t cwtice co the insurance earrur and�.e'�r.
<br /> Lender may ma1:e proof of loss if not madn promptly by Borrower.
<br /> Unless Lcruler and Borrower otherwise a�ree�n writing.insutance proceods st.�l!be applied to restontion or tepair of the
<br /> _ �.�.� e sa�a, �{.t��.cr�ra�i�u►or mQuir is economically feasible and Lender's security is c�t tessened•If the restot�tion or
<br /> repair is not economically fpsiblc or Lender's security would be le.csened.t6e insurance proo�is si�aii oe apPFiai i�s��c �r�v
<br /> secvred by this Security Insttument, whcther or not then due, with any exass paid to Bormw�r. IIf Borrower abandotu che
<br /> Property, or d�not ait5wer within 30 days u notice from Lender that the insurance carrier has offered to settle a claim. then
<br /> Lrender may collxt the insurance procceds. Lender may use the proceeds to repair or restore the Property or to pay sums
<br /> sxural by this Security Instrument,whether or not then due.The 30-day period W�11 be8�n when the notice is given.
<br /> Unless Lendet arsd Borrower nthenvise agrce in writing. any application of proceeds to principal sha11 not extend or
<br />- postpone the due d�te of the monthly payments refcnal to in paragraphs 1 and 2 0� change the amount of the payments• if
<br /> under paragraph 21 the Property is ucquired by Lender,Borrower's right ro any insurance policics and proceeds resultmg from
<br /> damago ta the Property prior to the acqu�sition shall pass to Lender to the extent of the surt�,c serured by this Securiry Insttument
<br /> i�wxdiately prior to the�cqnisition.
<br /> 6.OccupaacY,Preservatioa,Maintenaoce and Proteetion ot tbe Property;Borrower's Loan Applk�tlon;l.easebolds.
<br /> Borrower shalf occupy.e.uablish.and use the Property as Bc+ttower's principal residence within sixty days�i'ter the execution of
<br /> this Sec�uity I�unument and shall continue to occvpy the ProPerty as B°*r°wer's princ+pal resic.ence for at feast one year after
<br />- the data of occupancy, unless I.ender otherwise�grees in writing,which consent shall not be unreacon�bly withheld, or unless
<br /> - exienuating circumctarkes exist which ue beyond 8orrower s control. Borrower shall not destroy, damage or impair the
<br /> e`'topetty. allow the Property co deteriorate, or comrnit waste on the Property- Borrvw'er shall be in def�ult if any forfeuure
<br /> - action or procading, whether civil or criminal.is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> - Property or othen�+ise inaterially impair the lien created by this Security Instrument or Lender's security interest. Borrower may
<br /> cure such a default and reinstatc.as provid:d in paragraph 18,by catuing the action or Qroceeding to be dismissed with a ruling
<br /> = that, in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Prope�ty or other material
<br /> impaimtieni of the lien created by this Security Instrument or I.ender's security interest. Borrower shall also be in default if
<br /> Borrower,during the loan application process. gave materially false or inacc�uate information or statements to Lender(or failed
<br /> to provide Lender with any maierial infotmation)in connection with the loan evidencecf by the Note.including,but not limited
<br /> to.re�reseAtations cor�cerrung Bonower's occupancy of the Propecty as a principat residence•If this Security lnswment is on a
<br /> lezselwld. Borrower shall comply wit1�ull thc provisionc of the iease. If Bortower xquites fee tide to the Property, the
<br /> teaschold and the fce title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. 8rotectbn of I.wder's Wghts ia the Property.If Borrower fails to perform the covenants and agreements contained in
<br /> � thic Security In�r���lt, or ihere is a lcgal pro�eJing that may signifirantly affect Lender's rights in the Propeny (such as u
<br /> � proceeding in bankruptcy,probate. for candemnation or forfeicure ar to enforce laws or regulatiuns},tt►en i.e�snay do:.'td
<br /> - pay for whue�•er is noccssary to protect the value of the Property nnd Lender's rights in the Property. Lender's actions may
<br /> _ include paying any sums secured b,y a lien which hu priority over this Security Instrument, appearing in coutt. paying
<br /> ° reasonable attameys' fees and enteriug on the Frape:iy to:�:c:�air'• ."+�thau�h Ixndet may talce actinn under this puagraph
<br /> " '7,Lender does not have to do so.
<br /> � Any amounts disbursed by Lender under this paragraph T shall become additional debt of Borrower secured by this
<br /> = Security lnstrument. Unless Borrower and Lender agrce to othet terms of payment. these amounts shall bear interest from the
<br /> = date of disbursement a1 the Note rate and shall be payable, with uuerest, upon notice from Lender to Banower requesting .
<br /> PdYment.
<br /> �� S. Mot�tgage InSUr.�nce.If Lender required mortgage insurance as a condition of making the loan secuted by this Szcurity
<br />-� Instrument. Bottower shall pay'the premiums required to maintain the mortgage insursnce m effect. If, for any reason, the
<br /> mortgage insurance coverage required by I.ender lapses or ceases to be in effect.Bonower shall pay the premiums required to
<br /> ebtain coverage substantially equiva2ent to the mortgage insucance previously in effect, at a cost substantially equivalent to the
<br /> cost to Battower of the mongage inwrar�ce previously in effect, from an altertwte mortgage inwrer a�proved by Lender. I�'
<br /> ' r.o.s o+4 Form 30Z8 9190
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