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<br /> � Borrowor's escrow account under the fedoral Real 8stnte Sottiemont ProCeduros Act of 1974 as amended hom tlma to tkne, 12 U.3.C. �•��-,_'_
<br /> 2601 et�seq.("FESPA"), unless another tew thet appllea to lhe Funds sets a tesser amount. If ao,Lender may. at any tt�ne,oollect�nd
<br /> s,___
<br /> � hold Funds In an amount not to exceed the lesser amount. Lender may estknate the tmount o(funds due on the baeb of current data� ::.�,
<br /> and reasonnbls estlmates of expenditures of future Escrow Items pr otherwlse In acoordence with appl�abie�aw. �
<br /> The Funda shall be held In an Inatftutlon whose deposits are Insured by a federal agenCy, instrumentaluy, or entity (IncWdlny�
<br /> Lender, If Lender Is such an InstMution) or In any Federal Home Loan Bank. Lender shall 8ppry the Funds to DaY tne Hscrow Itema. •
<br /> Lender mny not charge Borrower lor holdinq and app�ylnq the Funds, annuaily analyzinp tho escrow account, or vorilylnp the Escrov�
<br /> Roms.unless Lender pays Borrower inlerest on the Funds and applbabie�aw permits Lender to mske suCh a charge. However,Lend�n
<br /> � may roquire Borrower to pay a one•tlme charpe for an independent real estate tex reportiny serv�e ueed by Lender h aonneotbn wklf� -__
<br /> {. ! tn�s loan, unlese appi�cabie I�w provtdes otherwlse. Unlass an apreement IS msde or appl�able law raqukes hterest to be pald,l.ende
<br /> �= � shall not be requked to pey Borrower eny Interest or eaminqs on the Funda. Borrower and Lender may apree In wrBlnB, howaver,th
<br /> _,,,,,,R.wh Interest &hall be pald on the Funds. Lender ahell qive to 8orrower, wkhout aharqe, an annual aCCOUntina ol the Funds, showin�
<br /> �.x�«•��_� credita and debfts to the Funds and the purpose for wh�h esah debit to lhe Fun�s was made. The Funds are pledped as additlonBt
<br />- � securRy for atl sums secured by this Securfty Inetrumant. _-
<br /> � If the Funds held by Lender exceed the amounts permitted to be heid by appl�able law, Lender shall account to Bortower for the � `
<br /> } ezcesa Funds In accordance with the requkements of applbable law. It the amount of the Funds held by Lender at any time Is not -
<br /> � sutticlent to pay the Hscrow Items when due,Lender may so notMy Borrower in wr►t(np,and, in such case Borrower shatl pay to Lender `,
<br /> the amount necessary to mako up the def�clency. Borrower sheli make up the deficiency In no more than tweHe monthly payments,at �„
<br /> �� Lender'S sole discretbn. -�
<br /> Upon payment in full ot all sums secured by this Security Instrumant, Lender shell promptly refund to Borroxer any Fund6 heid by
<br /> �� Lender. If, under paragraph 2t,Lender shall acquire or seu the Property. Lender, prior to the acqulsition or sale of the Property, shall __
<br /> apply a�y Funds hafd by Le��der et the time of acquls�tlon or sale as s credR agahst the sums seaured by this Security instrument.
<br /> ;+ � 3. Applicetion oi Pay�nents. Uniess appl�able law provldes otherw�se,all payments recelved by Lender under parayrephs G
<br /> � t and 2 Shali be applied: ttrst, to any prepayment charQes due under the Note; second,to amounts payahle under paragreph 2;thkd
<br /> ' to Interest due;tourth,ta princtpel due; and last,to any iste charges due under the Note.
<br /> 4. Chargea; Li@ItB. Borrower shall pay all taxes, assessments, charqes, Mes and Impositions attrbutable to the Property
<br /> ..� whlch may attein prioriry over thls Securky Instrument, and leasehold payments or pround rents, It any. Barower shali pny thesa
<br /> obllQatlons in the manner provided in paragraph 2,or if not paid h that manner,Borrower shall pay them on time dlrAOtly to the person
<br /> .� owed payment, 8orrower shall promptly turnlsh to Lender all not�es of amounts to be pald under this paragreph. If Borrower makea
<br /> these payments directiy, Borrower shall promptly furnlsh to Lender reaelpts evidenc(np the payments.
<br /> ? Borrower shail promptly discnarge any Ilen wh�h has prlority over this Security In6trument unless Bortower:(a)aqreee k�WrRiny to
<br /> • � the payment of the obllgation secured by the Iien In a manner acCeptabia to Lender,(b)contests In pood fafth the Ilen by, or dofends
<br /> � against enlorcement of the Ilen G�, legal proceedings whiCh in the Lenders opinion operate to prevent the eniorcement oi the Iien; or(o)
<br /> - � - secures irom ii�n Y�Gi.i&r Of i:tC�n�n s8r�m°^t ApNsfectory to Lender subordinutiny the Iien to this Securiry Instrument. If Lender
<br /> determines that any part of the Property Is subJect to e Ifen wh�h may attain pr�aky over this Security InsWment, Lender may piva
<br /> Borrower a not�e IdentNying the Iien. Borcower shali satlsy the Ilen or take one ar more of the actbns set falh above wkhh 1Q days
<br /> of the gNing of not�e.
<br /> 6. Hazard or Property Insurance. 9orrower shall keep the knprovemente nOw extsting or heresfter ereCted On the
<br /> Property Nsured agalnst bss by fire,hezards Included wRhin the term "extended covetaqe" and any other hardrds,hcludiny fbods or
<br /> ftooding, for which Lender requlres hsurance. This Insurance shall be malnlai�ed In the amounts a�d for Ihe periods that Lender
<br /> requiren. The insurance carrbr providing the �nsurflnce shall be chosen by Borrower subJeCt to Lenders 8ppoval whiCh shall not be
<br /> unieasonably withheld. If Borrower talls to matntafn coverage described ahove,Lender may, at Lender's optlon,obtain coverage to
<br /> proteCt Lender'S rig7ts in the Property In aCCOrdence with peragr8ph 7.
<br /> Y ,,, Ail Insurance policies and renewals shall Ge acceptable to Lender and shall i�cludo a st�ne t dLendere� rece pts of pald p8emiums
<br /> I y ' the rfght to hold the po��C�es and renewals. If Lender requlres, BOrcower Shflll ptOmpt�y Q
<br /> . and renewal not�es. In the event of losa, Borrower ahali qNe prompt notice to the Insurance aarcler and Lender.Le�der mey mak�
<br /> proof of loss�not made promptl� by Borrower.
<br /> Unless Lender and Borrower othennise aproe In writinp,Insurance proCeeds shall be applied to restoratlon or repak of the Property
<br /> � damaged, ff the restoratlon or repalr Is eaonom�aly feasible and Lendera aecurRy Is not leasened. If th� rntontbn or rspak te not
<br /> eCOnom�ceily feasibie or Lenders security would be lessened, the hsurance proceeds shail be app0ad to tM sums eeCUred by thb
<br /> Secur(ty InstNment, whether or not then due, with any excess paid lo Bortower, If Bonower abandons tlw PropeAy, ar does not
<br />-,,.. . �. ;,;�;:�r :�kth!� ?n deys e not�e from Lender that the hsurance Cercler has oNered to settle a ctakn, then Lender may colieat the
<br /> insurance proceeds. Lender may use the procoeds to repair or restore the Property or to pay sums secured by thfs Security
<br /> Instrument, whether Or not then due.The 30•day period wili begh when the nottCe is given. _
<br /> Unloss Lender and Borrower olherwise agree in writing, any appitcatbn of proceeds to principal shaA not extend or postpone the
<br /> � p due tlate o! the monthly payments referred to in paragrephs 1 and 2 or change the amount of the paymenis. If under paragraph 21
<br /> ! the Property is acquired by Lender,Borrower's rfght to any insuranca polfcbs and p�oceeds resulting from damege to the PropeAy prlor -L` ,`
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<br /> to the acquisition shall pass to Lender to the extent of the sums secured by thls SeCUrity InstrumeM Mnmedfately prior to the ��`_:
<br /> e�q�+s�►a�. eorrower's Loan --__-
<br /> 6. Occupancy, Preservatfon, Maintenence end Protection of the Property; .___
<br /> i Application; Leasehoids. Borrower shall occupy. establlsh, and use the Praporty as Bonowers princbal residence wRhln s6cty ,
<br /> days etter the execution of this Security Instrument and shall conthue to occupy the Property as Bortower's princlpal reSldenCe for at
<br /> �east one year a8er the date of occupancy, unless Lender otherwlse agrees In wrlting, whiCh consent shalt not be unreasontlbly
<br /> w�thheld,or unless extenuating cirCUmstances exist wh�h are beyond Borrower's Control. Borrower shell not destroy, damage o��mpflk
<br /> i the Property,ellow the Property to deteriorale, or commit wasle on the PropeRy. 8orrower Shall be �n defaul rf any toAeiture actfon Or
<br /> , proceedinc�,whether civil or criminel, is begun that in Lender'S good tflith Judgment Could resull in forteiture o�Ihe Property or otherwise
<br /> metenally �mpuir the Ifen crealed by this Security Instrument or Lender's securily Interest. Borrowe� may cure such a defauft and
<br /> _ .,�__4....w ...uti o ��w,n that. m Lendar'S 000d faRh
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<br /> rBmSttilO, eS prOVidBd In pAfBgr(iph 18, by CIIUSmg tne action or prvoaer�n�y w ` •�•..�..� •••••• - -- -
<br /> ! determ�nation, preCludes forfe�lure of the Borrowor's interest h the Property or other materlat ImpaUment d the Ifen created by thiS
<br /> • Security instrument or Lenders security interest. Borcower shall also be M default If Borrower, during the loen appl�atlon process,
<br /> � gave materially false or inacCUrate infprmation or stetements to Lender (or falbd to provlde Lender w4h e�y materlal Intormatbn) In
<br /> connection with the loan evfdenced by tho Noto, k�Ciuding, but not Iknited to, representatlons conceminp w'„a�let e provis ons of tlte
<br /> Property ils e prklc�pal residence. I} thfs Securlty Instrument Is On II Ieasehold,Borrower shall compry
<br /> lease. If Borrower ncquires leo l�1le to tho Property. the leasehold end the toe tNle shall not merge unl�ss the Lender agrees tG the
<br /> merger�n writing.
<br /> Fo�m 9028 Y/BO
<br /> Pago P o1 5
<br /> ' F�079LM0(�0�07)
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