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<br /> .. .�.: 96- 110�5 �
<br /> Thc Fuiids shall hc hclJ in an intititutiun whosc dc�+�yit�, a�re insurccl by •i fcdcr,d aFency. imtrumcntauy, or ccuity ,�
<br /> ., (incluifing I.rnJcr. if L�'.�1d�r iti su�h+m imtitutiun)�,r in any Fcdrr:il H��mc L��an f3ank. I.cncicr,hall i�pply thc�und�t�,pay ihc
<br /> Gticrow Ilcmti. lAn�lrr may� nut char�te Il��rrnwcr fnr huldin� amt a����lyinr ihc�fu��J�,unnual ly;u�uly�inF Ihc eu ruw urruinu.or �
<br />—_--. ...- __ verif)in�tlic k:uro�v IlCnt+. unletis L�ndet'pay�H�irr��w�r inlrrvtit un th�I�u�:d+:uiJ:�ppliril�lc law�xrmil�L.Cn�1�rlu ivak� tiuch �.
<br /> .. a char�c. Huv�c�•cr. I.endcr mi�y r���uirr Horr��wcr tu pay.� nnc•timc ch:ugc ti�r an indc�Cntlrnt rcal r.�;dc tnx r��xirtiit�+crvicc �
<br /> o u�cd by l.cncicr in cunncrtion with thi� lu:�n. unlesti applicablc law pruviJ�, ulhcr��•i,c_ Unlc,ti tm a�:rermau i, madc or _
<br /> � .ipplirabic Im�• reyuires intcrc�t ta t�c pnid. Lcndrr.hiill nnt tu rcyuim�] m pay B��rruw�:r any intcrc>t ur carnin�,s im thc Funds. _
<br /> ' ,.��� Darruwer and l.ender may agrec in ��•nting, huwcvcr. Ihat intcrest shall bc r,��a un th�Funds. Lcndcr shall givc ti� f3irrn�wcr.
<br /> without char�;c.an annunl uccuunting of tl�c FunJ,. .huwing crcdils and dc:bitti ta thc Furzd�an�l thc purpus�- for �vhich cach _
<br /> �I�hi� tu�hu Fundti w.,,mad�. Tlu f�und�are plcd�;sd a,additiunal�crurity f��r:dl .um. ,��rurcJ hy Ihi�Scrunty Instrununt. -
<br /> • ,�� If thc FunJs hcld by IAndcr cxcccd thc amnwitti prnnittcd to bc hcld by applicablc la�v,Lcndcr shuU acruum tu &�rri�arr
<br /> , •�• li��•the exc�sy runds in accordance wi�h the requironunts uf uppliruUle law. If the anu�um of thr Funds hrld hy Isnd�r nt imy
<br /> ' " timc i�not sufticicnt tn pay thc Csrruw Itemti whcn duc.I.cnJcr may+v iroti tp Burrow�r in writing.anJ. in su�h tusc Burrowcr �
<br /> ^ shull pay t�� l�nder thc um�unt nece+sary ai m�ke up the deliciency. Bnrrou•er sh;dl rn;ikc up the deficicnry in nu more than
<br /> �-4���� twclv�munthly paymcnts.at landrr's ti��lc discretiun.
<br /> :��" Upon paymcnt in full ut'all sum� sccurcd by this Scruriry Inst�vment, Lrndcr shall prumptly refimJ to Burruwer any
<br /> � 1=undti lield by Lender. lf,undcr p.iragrc�ph 2l, Lender shul!acyuirr or�eU the Pr<iperty.I.enJer. prior to the acyuisi�ion or salr 6_
<br /> � ��f dic Pmperty,+hull upply any Fund,hcld by L.ender at thc timc of'a�quisitiun ur sale as a credil u�sain,t thc swn��ecurcd hy
<br /> '`' thiti Security (n,trumcnt.
<br /> _ . ,� 3.Applirntion aP Puyments. Unless upplirublr law pruvidcs othcnsis�,all payme�ns ruciveJ hy Lendcr unJer parngr.�ph�
<br /> I and � shall hc applicd: tirst. tu any prcpayment chargc+ duc undcr the Nr,te:+camd,�n:.unounts payablc undcr paragriph 2:
<br /> �" � third, tu intrrrtit Jur: Fourth, tu principal due:und last, to any late�:harbes dece u�icier[he Note.
<br /> 4.ChAr�es; L[eas. Borro�ver shall pay aU tuxes, assessments, charges,fiixs and impositiom attributable to thc Property
<br />�t�,:�+ ;-. �,,�}` which may nttain prioriry over this Security Instrument, �nd leasehold payments or ground rents, if any. Borrower shall pay
<br /> , ,. ,, s thc�c abligations in thc manner pruvid�l in p�irugraph 2,or if not pcud in th:.nt manner. Bnrcotiver shall pay thcm on time din:cdy �
<br /> � ;,;;, to die penon oweci paymcnt. Borrower shull prompUy fumish to L.ender all nntices of amou nts tu be paid undcr this pangraph.
<br /> � '�'� • � !f Borrower makcs these payments dircctly,Borrower shall promptly furnish ro Lender rcccipt.evidencing thc payments.
<br /> � Borrower shall pmmptly disch�rge any lien which has priority aver Ihis Securiry Insmtmcnt unless Borru�ver. (a) agrees in
<br />+};'��;�,�.�;' writing w the paytnent of the obligation secured by the lien in a manner ace�ptable to I.ender;(b)contesta in ge,cxl faith the lien -
<br /> by, or defcnds�gainst enforcement of the lien in, Iegal proceedings which in the I.ender's opinion ��peratc to prevent the
<br /> 3`s�;-,;;�;,;,' enforcement of the lien:or(c) secures from the Fwlder of the lien an a�rxment saeisf'actory to Lender subrn•dinaiing the lien to
<br />?' ,�,y.�+;'� this Security Ins[rument. If Lendcr detcrmines thut any part of the Property is subjcct to a licn which may attain pnority ovcr
<br />�r.�;,;.�;;a � [his Security lnstrument,I,ender mny give Borrower a noticc idencifying IhC lieii. Burrower shall sati,fy the lien ur [ake onc ar _
<br />_�v: nwre of the actions set forth above within 10 duys of the giving of noticc.
<br />��.�,�:;., •:
<br />,,�•�i,_•-�+ 5. Hauvd or Propert�• Insurance. Borrowcr shall kcep the iniprovemznts now existing un c�rcaftcr crec:ted on thc
<br />����:'H;:����` Prapeny insured agains[Ic�ss by fire, huzards included within the term'extended cuverage"and any other hazards, including
<br />_;���=? floods or flooding, for which L.ender requires insurance.This insurance shall be maintained in the amounts and for d�e periods
<br /> = � that Lender reqwres. T'nc insurancc carrir� pw'viuiiib t,ic ii��uidi�C�Sf:u��NC.�^.�C.^.��pC^�::'�!.`.'.!�';°-^-�rn i nnr�rr'c annrovq�l
<br /> ���-''���; which shall not be unreasonably withheld. If Borrowcr fails to maintuin ro�•er�ige dec:cribed abovc. Lcnder rnay, at Lender's
<br />-���i.?�.��Gi�.
<br />��.�;x^,, option,obtain rnverage to protect Lender's rights in the Property in accorAance with paragraph 7. -
<br />_�:-,�,; All insurance policies and renewuls shall be acceptable ta L�:nder and chall include a standard mortgabc clause. l.�nder
<br /> =",'��'=-= shall have the right to hold thc policics and renewals. If Lendcr requireti.Borrower sltall promptly givc to IAndcr all reccipts of
<br /> --=_�� paid premiums and renewal notices.In the event of loss,Bnrruwer shal l give prompt notim to the insurance carrier and l,ee�der.
<br /> _ __ Lendcr mny makc proof of loss if not madc promptly by Borrowcr.
<br /> --l-- Unless L.cnder and Borrowcr otherwise agrec in wrrtmg, insurance procceds shall 6c:ipplied ro restoration or repair of the
<br /> =.-� Property dumaged. if the restoration or repair is economically fe.�sible and 1_ender's�ecuriry is not le.ssened.(f thc restoration or
<br /> ------_-�� repair is not economically feusible or Leadcr's security would be Iessened, the insuruncc praeeds shall 6e�pplied to the sums
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