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<br /> Tl�r Funds ,hall hc hcld in an in,titutian wh��c dcpu,it�� urc intiure:i hy a Icdrr;d .i}:rncy. in.trumrntality, �,r rntity '���:---
<br /> `` linrludin�l.cndcr. if[.cnJrr iti�urh un in,titu�iun)��r in iuiy Frdcr:il Hnmr l.uan li:u�l�. I.rndrr .h�dl apply thr I'un�l,t��p.iy thr f�s���
<br /> Fi,rrow (tem�. Lrndcr m:ry not rhur�r 8orrawcr ti,r huldin�nnJ upplyin�Ihe{�und.. annuidly �m�d�iinµ Ihr r.rrrnw nccntuu. ur ��Yi.="
<br /> ? vcrilyin�;thr ii,rraw Itcnu. tmlc,�I.cndcr pay. Hun•��wrr intrretit un thc f�und,and.ippli�:�hlr la�+ �,rimil, L�•n�ler tu nui6r,urh . ,
<br /> ^ ° a C�l:ll'�'C, ��UwC��CI'. IAl1LIC1'lllily' Cl'l�U1fC I3U�fU��'l'I'll� (�a}' a ull�••I1111�i11:UEC �uf all �I1�1���CIldclll u'.il C�I.�Ic la� I�����IIIII}: xl'VICC -
<br /> u.r�l by Ixndcr in runncrtinn ��•ith thi. lu�in. unlr�, npplirut,lr lu�ti pruvidc� uthcn�i�r. linlc„ :m aFirrnirnl i. n�,idc ur ,. ' ,.
<br /> �. ' j :�nrr��ni�luw rryuirc+ intrrr,t tu hr p�iid, lxn�lrr�ludl nut hr rrqiuird tu p:iy H�mu���cr.mp iiUCrr,I nr r;irmnp,��n d�r I�unil,. __^
<br /> Surrawcr and lAndcr muy u�rcc in wnung.hnw•c��cr. Aurt intcrc�t �hull hc p,iid �m Q�r l�und.. Lcnilrr.h�dl l�i�c tu Bunu��•cr. �'-'�"-
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<br /> � �vithuut cht►rgr, un nnnuul uccaunting ul thc Fund,. ,huwin�; credit+ :uid drhit. 1�� thc I�und, and thr ��urpu..� lur whirh r:irh ',x:
<br /> :;� dcbit t�,thc Fund.r tivati madr.1'h�i'und+urc plcdgcd i�,u�lditi�mul `rrurity lur:dl tium„r�•ure�l hy ihi+tirrurn}• In,uumeni. —y=
<br /> ' It Ihc Ftmd�hild hy IAUd�r cxrrrJ thc amountti permiltcil lu h�hi:ld h1•a(�ph�ahlr la�ti. l.indri .hall airutmt lu li�nn���rr =, _.
<br /> , �h:".`� ti�r thr exccs.Funds in urri�rduncr willi thc rryuircmcnh��f;�pplic:�Mr I,�w. li thr auwunt ut thr I•und� {irld t,� I.cndcr ai ;my ��' .
<br /> ��, t i m c i.nut�ufficicnt tci p•r y thc li�cn»v Itcros when duc. l.rnJrr may,�, nutilj• N��rr���vrr in��•ritinE. :md. m�uch ru�c liurro�vcr
<br /> tihull pay tci I.cndrr thc amc�unt n�rcti+�u�� ai makc up thc drliricnry. Hurruwcr �hull m;il�r up ihr �Irlirirnr>• in nn nu,rc than
<br /> _.,�,"�""""i°,°r� twclvc nwnthly puymcnts,at I,rnJrr'�.ulc di.rrctiun.
<br /> Upon p:ryment in full ��f all �um. �ccurcd hy thi. 5rruritv In,trument, l.rnilrr .ludl ��rumptly rrliind tn liurr���ver :uiy 4
<br /> .}. Fund.hcld hy Lcndcr. If. undcr parugr�iple 21. lAndcr.hull a�yuin ur,cll lhr 1'r�,perly. I.rndrr.prun•t��thc aryui�iiinn�n�-.alr
<br /> of thc F'r��perty. +hall upply any}�unds hcld hy Lcndrr:R thr titnc�,(a�rym�itfrni ur �:dr u�.�.•rrJit :�g:ifn.t thr tium,�ccurc�l h}•
<br /> f thi,Sccw•iry In+trumrnt.
<br /> ,il,. 3. Appllcution of Nuyments. Ilnle•� applicaMr Inw pruvulr.utherwi.c.all pa�m�nt�rcr�ivrJ h�• Lcn�lrr tuul�r p:u'agraph�
<br /> SY I :md 2 >h�ll hc applicd: tir,t. tu any pr�paymrnt rhargc�dur undcr thr Nutc; ,cc��nd. t�,amuunt. payaMc undcr p.u�u�;raph ':
<br /> third.ti,intcrrtit Juc: tiiurth.tu principal Juc:und liut.tu imy latr rhar�es du�undcr thc Nulc.
<br />' 4. Chur�eti: Llens. Hurrowcr�hall puy ull taxcti.ax�rti.m�nt+, rhurges. fines and im�x�+itinnti attrihuttiblc I�z thc Prnperry
<br /> . which muy attain priority uver this Security lntitrununt, und Iea,ehold payments��r grc�und rrntti. ii cury. 9��rrnwcr tihall pay
<br /> : , thcs���bligatiim� in thc manncr providrd in parugraph 2,or if nnt paid in thut nu►nncr.Ni�rriiwcr+huU pu)•Iluni un timc directly
<br /> t��thc�xr+on owrJ puytnent. Rorrowrr�h:�ll pr��mpH�� I'urni�h t�i 1_cndrr all nutires uf antuant, tu hr paid undcr this puragraph.
<br /> . If Durcowcr makes[hrsc payments direcUy.Burruwer�hull prumptly furni.h tu I.cnder rereipts cvidenring the paymcntti.
<br /> B��rrowcr shall promptly di.rchurge uny lien which hu�priuriry aver thiti Security Intitrument unles.Borrower. lal ugrers in
<br /> writing tu thr payment uf thr ubligatiun.ccurcd hy thc licn in a ntunner acreptuhl�tu Lendcr: fh)rontc+t�in go�xl L•iith thc lirn
<br /> hy. or dcfends against cnti�rcrment uf thc licn in. Icgxl prorecdings whirh in thc Lcndcr', �,pini�,n uperatc tu prevcnt thc
<br /> . '` �nforccmm�t nf the lien:ur(rl �ccure�friini the hnldcr��t'thr licn an agrccment ,ati�lurt<�ry tn lAn�lcr.uhurdinating thc licn to
<br /> thi�Scrurity Instrument. It'Lrndrr determinc+ that uny part uf thr Property iti ,unjcrt te� u lirn whirh may attuin pnunty�►ver
<br /> .�: this Scruriry Inst�umcnt. LenJrr may givr B��rrowcr a noticc idcntifying thc lirn. Burrowrr.hall kttisfy thc licn ur iukc onr��r
<br /> mure of thc actions,et farth abovc within 10 duy�nf thc giviiig of nutirr.
<br /> � S. Har.ard o� Prnperty Insurunce. Bnrri�wcr shall keep thc impru��cnunt� now exi,ting ur h�ma�icr rrcctc�l on thc
<br /> '•" Prnperty insurcd aguintit li�tis by tirr. h�uard.r inrludrd within thc tcrm "rrlrnded ruvcrugc" unJ any athcr huiard+, including
<br /> f1ouJ�or fluoding. for which LenJrr rcquires in.urance. Thi� in�uranc�+hall bc muintuined in the anwunt.und fi�r the periexis
<br />- thut Lcnder rcyuires. Thr insurunce carnrr providing thc insuranre�huU be chosen hy B�urc,wcr�uhjcct tu Lendrr'ti apprrnal
<br /> � . -.--.---- ..,I�:�h �hall n,it ho ���n.��cnl,r.�hlv Wt��t�t����� If' Rnrri�wer �:U�S to muintui�t roveraee dctirriheJ ahove. �.l`ll(�L'� IllilY. :1< <b'll(�l'C.l .
<br /> j- .. .
<br /> : option, obtain cov�rag�to prutcct L�ndcr'ti ri�ht+in thc Proprrty in urrurJunce with paru�;raph 7.
<br /> � All in,uranrr pulicic+ unJ rcnewal, +hall bc arrcptahlc to Lxndcr and hhull inrludc a standurd mongarr rlau.e. [.cnder
<br />�.,;. , , �hull have the ri�ht to hald the polirirs and rcnewniti. ff'l.cnder rcyuires,Burri�wer tihall promptly givc to Lender ull receipts of
<br /> paid prcmiums and rencwal nutires. In thr cvent of lu,x. Borrower�h.il I �:ivc prompt nutirr tu thc in�uranrc carricr and 1.tnJcr.
<br /> :i; � Lcndcr may make prouf of I�us if n�t madr promptly by B��rru�ecr.
<br /> ;:,. � Unlcss L.cnJcr and Burrowcr othcrwi+c agrce in writing, in,uranrc prorrcds shnU bc appli�d tu ntituratic�n ur rcpuir uf thr
<br /> Prciperty damageJ.if thc rcstoratinn��r re�uir i�cronomir.dly fcusiblc und f_endcr's sccurity is not IcssencJ.if thc rcswrution or
<br />° • ' "-�E� repuir is nut econi�micully feasible or L.ender'� security would he le,sened, the in�urance prorecds shall be applird w the sums
<br /> � �ecurod by thiti Sccurity Instrument, whethcr ur not thcn due, with any rxres, paiJ tu Borruwer. If Borrowcr ah�ndons thc
<br /> � • . Property,or dc+es nut an�wcr within 30 day.u ni�ticc fram [.cnJcr thut thc in,ur.mcr rarrirr hu.off'ered tu tiettic u claim, then
<br />- ' " ""� Lender mu collcct thc insurunrc rocc�d�. Lcndcr mu usc thr mcccds to rc air ur resturc thc Pro rt or tu ,� ,umr
<br /> Y P Y P P P� Y P'Y •
<br />_ ticcumd hy this Scrurity Instrument, whcthcr iu nc�t thcn duc.Thc 30-duy period will hcgin�vhcn thr naticc ts�iven. -
<br />==,`.:.. • Unlcti, l.cndcr and Borrowcr uthcrwitir ugrec in writing. any applirati��n of pr�uccds tu principal shall not cxtcnd or
<br /> --T•• pi�stpone the duc dutr uf thc monthly payments rcferred to in paragruph` 1 anJ 2 ur rhangr thc amuunt of the p•ryments. If
<br /> `"". ' '''• • undcr parugrnph 21 thc Property i�ucyuircd by Lcndcr. Bvrrowcr's ri�ht tc,any insuranrr puliric. and pnxred+rc�ulting from
<br />��"•� "'' ' "'.• damagc to lhc Property prior to the urqui�ition shall p.iss tu Lendrr ta thc�x,ent uf thr wms xccured by this Sccuriry Instrument
<br />- ' imnudiatcly priur to thc arquisinun.
<br />- . 6. Occttpuncy.Preservatim�,A•1►�inlennnce und Yrot�rtion of thr Property; Borro��•er'ti Lou��Applicution;I.easeholds.
<br />-- . Borrowcr shull urcupy.c+tahlitih,und usr th�Praperty as Rorruwrr'�priiuipxl re�iJcnrc «•ithin�ixty days aRer thc cxcrutian of
<br /> •. . . this Sccurity Intitruntrnt anJ�hall rtmtinuc to urcury dtr Pr��rcrty a� Hnrn��trr'.prinripal rrsiJcnrc lor.tt Ica+t une �'wr aft�r __
<br /> chc Jatc uf u�rupanr�. unlr�. I.rndcr uthenei,e agrrrs in wrinng. u•hich run�ent shall �iot hr unrra�an:ihly withhcld. or unlr,�
<br /> _ .. rxtcnuating rin�umtitunce+ rsi,t whirh arc hryond Rorruwcr'. rantral. Bc�rr�,W�r .h:ill not Jc+tmy. damugc ur iit�pair thc
<br />`?� Pr��prrty. aUa��� thc 1'n,prrty tu Jrtrriuratr. ur r��mmit watitc an thc Propri�ty. Burn�a•rr shall hc in drfault if :urv tiirfciturc =
<br />= f arti�m ur prckceJing. "hcthrr ri��il �u rriminal. is hrgun that in Lrndcr'.��xnl I:iith ju�f�.mrnt�uulJ rc�ult in fi►rfcilum uf thc
<br /> t Yruperry or ulhrrwitir nuitcrially impair thc licn rreatcJ hy thi�Srrurity Instrumrnt �tt Lrndrr'�+crurity intcrest. Burrc�w�r muy
<br /> cun�uch a Jcfault and rei�ut:Ue.a, provided in paragraph IS. hy r.tu�ing the a�ii��n nr procrrding tu hc Ji+mi�u�1 with a ruling
<br /> that. in Lrndrr'� guo�l Giith ilrtrrminati��n. prcrlu.ir, ti�rfriturc uf thr H�,rru�ser'� intcrc�t in th� Property ur ��thcr materiul -
<br />- impairmem ul the lien rmatc�f hr thi.Sr�urity In.trumrnt ur Lrnder'��rrurily inler�st. lirn�ru�rrr .hall :dso br in default if fs==::
<br /> Bormwrr.during thc I�r,in appli�•a�ic�n pn,rc". �.�irr matrri:ilh• t:�l�r��r inarruratr intnrmatinn�,r.tatrmcnt�t�� Lrnd�r tur lailcd �L--
<br />- tu pnn�dr l.rndrr��•ith:uiy matrrial inli,rm:iu�nu in «,nncrtiun���ith thc Inan c�•idenrr�l h� �hc Notr. inrluding.hw nut liiuitcd - -
<br /> � t�,, rcprcuntatianr runrcrning 13��rruwcr'�ur�upancy�,f thr �'ruperty ati a pr.nripal rr.idcncc. II thiti Scrurily Itntrtuncnt i.�,n a �-
<br /> Ir:ueh�,ld. f3oiruwer �h.tll c�miply �eilh :dl thr rri�ci+�un> ��f llte leuu. II' Burrowrr a�yuirr� I�r titic h� lh� Pn�prrty. lhe . _
<br />- . le.nehcild and thc fce tidr>hall n�n ntrrgr �nilr�.LrnJer agrer>tu thr nirrgrr in writing. �-
<br /> 7. Prv►ttrti�►n uf l.cndcr'.Ki�ht�in thc Yrupert�. II A�,n�,��rr fail.t��pr�iurm�hr iu�rnant,and a�±rcrmcnt.r�,ntafnrd in
<br /> • thi,Scrurit) lntitrumrnt. ��r thrre i. a I�•�al ��rn�cr�lin,� that ma� .ignifkantl� ;illrrt Lrndri', nEht. m Ihr I'ruperl�• l,uch as a
<br /> _ prucrr�ling in hankruptry. ��r�,hah. t�ur..,inlrmn.ni�,n ur I�n�friturr��r t��rnli�r�•e la��•nr rr�ul;Uiun+l. thcn Lrnd�r may do and
<br /> pa� I��r ��hatr��rr i+ nrrr�.ary tn �rr�,tcrt thc �alue ��I thr Pi��pril� :in�l Lrndrr'. righl, m thr 1'r�,�,rit�. I.rndcr',acti�m� nut)•
<br /> inrluJ� payinE am ,um. ..currd hy a hcn ��hirh ha. pn�,nty ���rr Ilsi, tirrurih Intilrumrnt. :ippcarmg in ruurt. payin�
<br /> rea.nnahlr:iunrnry.' frc�and rntcrin�„n ih� F'r�,prm t�,mal.e rcpair�. •\liliou�:h l.cn�lrr may I:�I�r a�tiun undcr thi. r.��:��:►�:�rn
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<br /> Am :int�,unh �1f�htu��cd h� I rndrr un.lrr thi. p:ua�:ra��h 7 .h:tll hc.•uinr a�IJiu��tt:d �Irht ul I���rr„wcr .rrurv�l h� Ihi.
<br /> � ' tirruiu� In,u•uuirnt. l'nlrti. Iiurru��rr:uiJ Lrndrr a�rcr tn�,�hri irrni.al �,a�mrnt. ihr.r am�,unt. •hall hr;u• mtrrr.t Irum thr
<br /> i1:�tc �,I'Ji,hur,rmcnt :u Ih� ti��tc ratc :u�J .hall hr ��a):�hlr. u•ith intrr�,t. u��un n��u.•r li"m Lrn�lrr a, k;�,rru���r rryur,tin�.
<br /> ��a�mrnt
<br /> R. �1o1't{;:1{;c It1�uYtlncc. II I.rn�lrr fiY�1111CtI IIh�IIL:�L��n.uiani�a,a i�,iuliUntt��I ned,uii Ihr I�,:in .riu�rd h� Ihi�ti�•ruril�
<br /> _. In.utunrnL Rnn�,��rr •h:il! ��a� ihi• prr�iumn. i.•yui�r�l t„ marol::in th.• in„ii�:r�r �n.tn.u��r ui rllr.i- 11. lur:im ir:i.un. tl�r
<br /> inurle.iLr in.ui.in�r irnri.iir ir��uur�l h� I�n�lr� I.q�.r� ui ir.i�i� tu 1.�•in rlli•il. li�m,��+ri •li,dl ��.n ihi•pirrniuro. ivquirril t��
<br /> - uht,un .n�ci,i�r ,uh.ianu:ill� .yui�.�l�•nl I„Ihr mnitt.i�r in,ui;u�ir ��ir�i��u.l� �n rtlr.t. .0 .� <<+.i .uh.I;inledl� �•��ui�;il�nl U,ihr
<br /> ,�,.i i„ lirnim"i ��{ ihr inrniit.iitr ui.m:inr�• �nr�u�u.l� in cllcct. linni:in .ihrrnal� n��,it_�.��r in,wri ,q��,i�,�rJ h� I.cnJri II
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<br /> � • , � Furm 3028 9'90
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