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<br /> Borroware oaCrow �ccount undar tho Hd4rsl Ficwl Eatnts Sottkmait Procedures Aot ot 197A ae amended from time to timo, 12 U.S.C. �
<br /> 2i,01 81 noq.("��SPA"),unls90 ElRalhsr l.l�•� thnt appl�s to Ihe Funde eote e lase9r amount. II eo,Linder may,Qt eny tlmo,oollecl nnd
<br /> hold Fund� In nn amount not ta G::CC�d tito I��acr eniount. lendcr may o�lh�i�tu Iha �mount of(undo duo on thn bani9 01 ourroni dotn
<br /> and roasonubb ostimotea o} expendNuro�of fulure Eecrow itoms or otherwlse h flccordence with eppl�oble law.
<br /> � 7he Funda aheA ba hsW n �n in�tkutlon whoss depoaHa nro hturod by � 1�deral oper+oy, Instrumontality, or ontity (Incfudiny :,
<br /> " Lender, II Len�er Is d�cch an 1�atMulbn) or In �ny F�d1r�l Homs Lotn B�nk. i.�ndar ehall �ppy the Funde to pay ►he Eeorov� Item9. -
<br /> Landar mty not ch�rq�Bonow�r for P�aldhp and rpRNhO th�Funda,�nnua�y antyzhp tha oacrow account, or verltylnn lhe Escrow
<br /> I Itema,unbee Lsnder paye Oortowu ht�r��t on th�Fund�tnd sppNO�bN I�w p�rmN� L�nd�r ta rtwk�suoh a chtrp�. Howevor, Lendor „ .
<br /> mey raqulr6 Borrower to pNy w onal:zo ch�r{�for an Ind:p_nd�nt reil e9t!1to tPx reoartlnp eavlce ueed by Lerider In connciction wlth
<br /> , thi9 laan, unNts epP��c�bw law provid�t othwwk�. UnMff an aptNnNet ls matk or applfc�bM 4w roquiro� hterast to be pald, Lander ,
<br /> I shall not be roquind to p�y BoROwor any htwost or Nmhpa on the Funda. Bortowar and Lender may cgree In wrftin9, however, that
<br /> .. ,�f�w � hterost shali bu ptld on tho Fund�. Undar ehatl pk� tc Banower, wNhout oh4rge, an onnual accountinp of the Funds, showinp ,
<br /> crodfts and debite to tho Fundb end tho purpoeo tor whbh oaoh debR to the Funds wae made. The Funds are pbdped es additlonel
<br /> � securfly tor all euma sACUrod by thi�Socurky Inatrument.
<br /> ' • If Ihe Funds field by l.endar excead tho amounts permftted to be hetd by eppifcable law,Lender she11 account ta Borrower for tha
<br /> � i excess Funds In acco�dance wfth the requkements of appltcable law. If the amount ot the Funds held by Lender at any thne Is not .��._.
<br /> sutticlent to psy the Escrow Nems whan due,I.onder may so notry BoROwer In wrRhp,end,h such case Borrower shall pay to Ldnder :{.,�:��„
<br /> i the emount nocos5ary to make up the dofbienoy. Borrower ah41i meke up ths defbfenoy In no more than tweMO monthty payments, at r,,;,___ -
<br /> � Lender's sole dfscreNon. �{�`�=°
<br /> Upon payment In fu��oi oY aums s�cu�nd by thb SacurNy InaWm�nt, Und�r sha0 prompty retund to Bortower any Funds held by �,��:,y�-�-
<br /> �*� Lender. If, under parepry�h 21, Lender ehali�cquln or e�ll th0 Property, Lendw,prbr to the aaqulsRbn or sale of the Property,shell _�
<br /> .. ,.:
<br /> appty sny Funds held by Lendor at lh�th'�of�oqultkbn or e�fe os 4 cradR apa�izt th�sum�cccurcd by this Securiry Inatrument. --
<br /> �� 3. Appllcetlon of Pnyment�. UnMaa nppibabM kw provldes otherwlss,all paymer►te receNed by Lender under parayrephs •-
<br /> 1 and 2 shall ba appl{ed: first to any prepayment charpee due under the Note; socond, to amounts payabte under paraQreph 2; third •;:�_.
<br /> to Interest dw; (ourth, to prinopal duo;ond teat,to any I�te oharpea due undsr the Note. -
<br /> 4. ChatQEO; �Iene. Bortower shaU pay all wcos, nsaessmw�ts, charpes, tines end Imposkbns attributabk to the Property -•
<br /> - �-!��, wh�h may attain prbriry over thls Security InsWment, and leasehold payments or qround rents, If any. Borrower shall pay these '��:
<br /> � obtipatlons In the manner providad In parapraph 2,or H not paid tn thnt manner, BoROwer�haU pay them on tkne dYecty to the person "�?�
<br /> a
<br /> �� owed payment. Borrawxr 6hQi prompty tumbh to L�r►der all not�es of�mounts to be patd under thls parapreph. It Bortower makes ��'�"'- -
<br /> these peyments dkectry,Bortawer ehaH prompty(umish to Landor reatpts evldencinp the payments. ���et;e�..
<br /> r Bortower sheil promptly dfaahups any �len whbh hu p�'brky owr thfe S�curky In�WnHnt unkas Bortower:(a)apr9es In writhy lo -----
<br /> � the payment of the obllp�tion aecured by the Hen On a manner nccePttbfei to Lender; (b)contests In pood fafth the ilen by, or defends
<br /> �F aqainst enforcemant of tne iwn in,iry�ii y�u�:o:d�Gs::h�l:='_!h=L--°"•1°1° '-'."h!'-'n nnwa�w to nravent tha entorcement of the Ilen;or(o) ,_
<br /> r seoures from the holder of tho Ilen an �O�e�rrwnt satl�faatory to Lendar aubordNitinp tha Ilen to thia SecurHy Instrumant. If Lsnder
<br /> •'.�:?•v
<br /> ' � detetmines thp4 any pert of the PropertY � subJeCt to a Ilen whbh mny attah prbrity over this SeCUrity InsWmont, Lender may gNe
<br /> BoROwor fl notice Idenliyhfl tha Iien. Borrawor shall satisty the Iien or take ono or more of the aotbns set forth above withln 10 deys
<br /> of the ylvhp of not�e.
<br /> 6. Hezard or Property Insursnce. BoriowK ehdll k6ep tho ImprOvern6nts now existhp or hereaft9r ereCted on thi
<br />- • Property Insured aqalnat bss by firre, htuud� hcludsd wkhtn the te+m"extended c4veraye'and ony other hererds,haludhp floods or
<br /> e
<br /> ifoodhy, tor whbh Lender requlns hauruic�. Thts Inaur�nco ehaA be mahtainod In the amounts ond tor tha pw(ods that Lendor =
<br /> requtes. The Insuranee cartix provfdlny ths hsurencs ehaM ba ohosm by BorrowK eubJoat to Lwider's approval whbh eh411 not be
<br /> unreasonabry wkhhefd. If 6ortowar faNs to rtklntah covareq� cksc�bed above, Lender may, at Lender's optbn, obtain covere�e to __
<br /> _,., „ proteot Lender'a riphts h th�Prop�ty in�ccorduic�wkh parapnph 7. _
<br />=F• •� All hsuranc�polbMe �nd rernwab shaU b�accaptabM to Lender and shali Nolude a standard mortpeQo okuao. Lender ehall have
<br />- ' " the rqht to hold the pokci�s nnd ronswais. If Landor roquiros, Borrower shaA prompty pke to Lender all recelpts o} paid premiumg _
<br /> �•-♦ .• •
<br /> � and renewal not�os. In tho avant of bss, Borrower shnN plvs prr�mpt notbs to ths hsuru�co carrf�and londor. Lendat may make
<br />�r " �' proof of toss M not made promptry by 8nrrower.
<br /> ��...
<br />�`� - Unlesa Lendor nnd BoROw�r oth�vrlsa�9ree in w�itin8�Ins�ronc�procoeds shaU bo applled to restoratbn or repaY of the Propsrty ti;
<br /> �.
<br /> ......, darnapod, M the rYStoentbn Or np�Y la soonom�aly(eaeblY end Lendx's socurAy Is not lessaned. If the roatoratbn or repulr Is not � �
<br /> economtca�y teasfbi9 or I.endafs seaurky would be bsaened, the Msurnncs proceocla ahall be appifed to the sums secured by this F__ -- -- ---
<br />� � � Securky Instrument, whether or not then due, wkh eny excess pnid to 8onower. It Borrower ebandons the ProDertY� or does not _
<br /> `�'--�.�� � enswer withh 30 days n not�9 hom l.aidar that tho Insurance cartlar has ottered to settk a olaim, thon Landar may colleot the
<br />"`"�`�� • tnsurence prcceeds. Lender maY usa the proceeda to rapaM or restore the Property or to pay aums sec.urod by this Security ---
<br />�•";.;�,n'�•, , Instrument,whother or not thin dw. TAe 30�day po►bd wfU bopin wh9n tho notbe ts qhren. ' '��
<br /> �._=.�...-.
<br /> _- " ...�,.".;:;,: Unless Londsr flnd 8orrowct othCmisa apras In wrRlnp,eny nppNCa,tbn of procwds to prhaipal shall noi sxtend ar postpone the ;;,�j`_�-
<br /> due dato of the monthy paymente referted to In pareyr�phs 1 and 2 or ahn��pe the amount of tha paymente. If under parapreph 21 ,i���-�:�-�
<br /> the Property Es ecquked by Londer,Borrowars ripht to any hsurence policles end proceeds resulthy hom damape to the Property prior � ��":�'�M=�---=�-
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<br />� � ro the acquiskbn �h�u pIISS to Lendx to tha eMent of the sums secured by thfs Securky Inswment Immedfateiy prbr to the ""�'"�`�"-"�"�"""`-
<br /> � r ��r.w� :r��
<br /> ecqufsftlon. �,' ��������
<br /> .���.;�. �
<br /> 6. Occapency, Preaervatlon, Melntenanco end PPatectlon ot the P�operty; Borrowe�'s Loan ','���
<br /> • �3"�Jevt ••
<br /> , � Appiicetiore; Leaeehc�ldeo Borrower shall occupy,osffiblish, end uee the Property as Borrowers prinolpal residence wRhh sbdy .w: :�.,f�u.r_�7�?xj;,•
<br /> � deys nfter the executlon of thls Security Instrument end shail continue to accupy the Pro�erty as Bortowers principal res(dence for at _ � �:;'�:�'-`:`.;�.s'
<br /> least ono yoar after the date of occupancy, unbss Londer othemise apress h writinD, which cansent eheli not be unreasonaby ;�Y���;�:" �+ :
<br /> wfthheld,or uniess extenuatfnp circumstencea oxfst�vhbh are beyorsd Borcowera conVOl. Bortower ahall not destroy, damnqe or ImpaY �� .�.,._ .,
<br /> the Property,a��ow the Propwty to deterbrate,ur commk waste on tho Property. Bortower shall b� h deh:uk If any foAeiture ectbn or ; . . .
<br /> _—_---.-'_ uroceedhp,whether aHA or CrMlntl, fa bepun that h Lenders yood lokh Judpmant could resuR h fortekure of the Property or othervrfse
<br /> . . . _ . E _• _=-l'-=- - "
<br /> metalaly Impalr tho Iten cre�ted by thb SecurFty InsWment or Lendor's eecurRy intOrest. eorrower may cure auan a ae�auR eno - - - --------- -
<br /> roinstcte, as provlded In pamQroph 18,by caushg the eatbn or procoodhp to be dfsmissed wRh e rulhp that, In Landers pood takh �
<br /> ' detertntnetion, precludes forteihue of the F3orrower's hter6st ln the Property or other materlal Impafrment of the Iien created by thls � „
<br /> - Security Instrument or Lenders security Interest. Borrower ahnll aBo be In detnuR M Bortower, durhq the loan epp!batlon proeess, � , ,
<br />= qave mate►laly talse or hacCUrate intonnatbn or state+nents to Lender (or felbd to provldo Londer with eny materlal htortnatlon)h
<br /> - conneotlon with the ban evldenced by the Note, holudhp,but not Gmited to, representatbns concemhp Bortowers ocCUpanoy of the
<br /> Property aa a princfpal residence. Ii this Se.urky Inswment Is on a leasehoki, Borrower shuil compty wkh all the provl3bne ot Ihe .,
<br /> leaso. It Elorrowec acQulres tee tNle to the Property, the Ieasehold nnd the fee titie shall not merpe unless the Lendor aprees to the
<br /> mergor In writing. vorm so�a oloo
<br /> - Ft620.LMfl(2/�0) P�p�7 01 6 ..
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