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<br /> Borrower's eacrow account under the laderal Re9i Hstete Sittlement Proceduros Act o1 1974�s amendad from tlme to tune, 12 U.S.C. :
<br /> 2601 et eeq.("RESPA"),unless enolher law lhHt app8ee to the Funds eets a IYSSer emounl. II so,Lender may, nt eny t�me,colioct end � �
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<br /> hold Funds u� an amount nol to exCOOd lhe �ess�r em0unt• Londer mny estknuto the emount o� funds due on the basls o}Curren! dwip �
<br /> and reasonable est�males of expendituros ol luture Escrow Itoms ar othorwise N accordanCO w�th npplicable Inw•
<br /> The Funda shall be held �n an Inatilutlon whose depo8ite ore Ineured by a lederpl eqenCy, InalrumentelRy, or entity (k�Cludhp �
<br /> Lender, d Londer fs such an Institut�on) ar In any Federel Home Loan Benk. Lender 8hpil �pply Ihe Funds to pey the EaCrow Items. _
<br /> , Lender may not charpe Borrower for holdinq end applyinp the Funda, artnually analyshp tha escrow account, or verilylnq lhe Escror�
<br /> Items,unlese Lendsr pays Borrower Interesl on the Funds snd tppllCable law p�rmitb L�nder to meks euch a charpe. However,Lends� _
<br /> may requke Borrower to pay e one•trrie charqe for an Indepen0ent real estab tax reporth� aervlce used by Lendor In connectbn wa�l���1
<br /> thls lo�n, uniasa appl�nble Iaw provid�n oth�rwise. Unlese�►n aprar�mont I;, mado or applictlbb �sw requNes interesl to be p41d,LenW� -_
<br /> � shali not b4 requked to pay Borrowsr any Intsrsst or�arnhqa on ths Funds. Borrower md Le�der may npree k► wrRinp, howev�r,th�t�
<br /> "''' Interest shell be peld on the Funds. l.ender shall pHe to Borrower, withou� chlrpe, em m�ual accountlnp of lha Funda, 6howingW
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<br /> . credlts and debits to the Funda and the purpose for wh�h each deblt to the Funds was maCe• The Funds are pledped as additbnal
<br /> securiry for all sums socured by thls Security InBtrument.
<br /> " If the Funds heid by Lendor exceed the amounts permitted to be held by applicabls Iaw,Lender shall acCOUnt to Borrower for the
<br /> exCess Funds in accordance with the requkements ot appl�able law. If the emount of the Funds held by Lender Qt any tlm� Is not �.'.
<br /> � sutt�lent to pay the Escrow Items when due, Lender may sa notNy Bortower h wrRhy, and,In such ce�e Bortower ahall pay to Lsnder _
<br /> ,� the amount necessary to make up the defklenCy. Borrower shali make up the defblenCy In eo more than tweNe monthly peyments,at
<br /> i Lender's sole discretlon.
<br /> { Upon payment In tull ot all sums secured by thls Sacurlty Instrument, Lender shell promptly refund to Bortower nny Funds held by _
<br /> Lender. If,under parapraph 21, Lender shall acquke or eell the Property, l.ender, prlor to the acquisftlon or sale of the Property, sr�all
<br /> ' applY eny Funds held by Lender at tho time of aoquisklon or sale s8 a credk tpainet the sums socured by thls Security Inetrument.
<br /> � 3. Application ot Payment�. Unless applkable IBw provides otherwlse,all payments rocolved by Lender undar paragrsphs �_ __
<br /> � 1 and 2 Sheil be applied: fkst, to 8ny pr�payment Charges due under the Note; second, to emounts payabie under paragraph 2; third
<br /> to interest due; fourth,to principal due;and last,to any late charges due under the Note.
<br /> 4. Charges; Liens. Borrower shall pay all taxes, assessments, charpes, fines and impositlons attributabie to the Praperty �
<br /> � � wh�h may attain priority over this Security instrument, and IeeSehoid paymentb or ground rents, M any. Borrower 6haA pay these
<br /> • obllgatlons in the manner provided In paraqraph 2, or if not paid In that manner, Borrower shoN pay them on time dkeCtly to the pereon
<br /> owed payment. Borrower shall promptly furnish to Lender all not�es ot 8mounts to be pald under this pflraqr8ph. If Borcower make5
<br /> �� these payments directiv, 8orrower shall promptly furnish to Lender reCeipts evldenChO the payments.
<br /> � Borrower shall promptly discharge any Ifen whbh has priority over this Security Instrument unless Borrower: (a)agrees in wrktng to
<br /> the payment of the obitgation secured by the Ilen In a manner acceptable to Lender; (b)cantests In good fakh the Ifen by, or defends
<br /> ' agafnst enforcement ot the Ilen In, leqal proceedtnqs wh�h� the Lender's opinbn operate�po�p�e'e��!„Se�u(�mn tru ent'�f'Lsnder
<br /> T seaures from the hoider of the ��en an syreemeni oKi'r"s1&Gi'vi'�+ i8 LOSSdCf subcrdhet�n� t -
<br /> determines that any pert of the Property Is subJect to a Ilen wh�ch may atteh prlority over this Security Instrume�t, Lender may plve
<br /> ' � Borrower a notlCe Identiiying the Iten. Borrower shatl satisty the Ilen or take one or more oi the actions set torth above wkhin 10 days
<br /> �" of the giving of notbe.
<br /> �r 5. Hezard or Property Insurance. 8orrower shall keep the Improvements now exlstMg or hereaker ereCted on the
<br /> Property insured against lo�s by fire, hazards InCluded withtn the term 'eMended Coverage'and any other harards, Inawdhq ibodS or
<br /> flooding, for wh�h Lender requires fnsuranco. Thls Insurance shell be malntained In the emounts and tor the perbds that Lender _
<br /> requires. The insurance carrier provlding the Insurance shall be chosen by Bortower subJect to Lenders approval which shall not be
<br /> unreasonably withheld. If Borrower falls to malntain coverage desoribed above,Lender may.at Lender's optbn, obtain coveraqe tu
<br /> protect Lender's rlehts in the Property h accordance with paragraph 7.
<br /> Ail insuranCe pol�les and renewals shail bo acceptable to Lender and shall include a stendard mortgage ciause. Lend9r shall have
<br /> the rlpht to hoid the pollCies and renewals. If Lender requkes, Borcower shall promptly gNe to Lender all recelpts of paid premlurt�s
<br /> and renewal notiCes. In the event of loss, Borrower shall gHe prompt notfCe to the hsurance carrier and Lender. Lender mny make _
<br /> proof of loss If not made prompty by Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing, Insurence procoeds sheli be applied to restoratlon or repak oi the Property __
<br /> � dttmaged, if the restoratlon or repak Is economiCally feasibie and Lender's seCUrlty �s not Iessened. If the restoratWn or repak IS nat _
<br /> �� economically feasibb or Lender's security would be Iessened, the tnsurance proceeds shar bo applied to the sums secured by thls �-
<br /> Security Instrument, whether or not then due, with any excess pald to Borrower. If BoROwer abandons the Property, or d0es not _
<br /> � answer witnin 30 days a notfce trorn Lende� that the hsurance carrler has oftered to settle a clakn, then Lender mey co�iect the
<br />� � insurance proceeds. Lendor may use the proceeds to repak or restore the Property or to pay sums secured by thls SeCUrity
<br /> Instrument,whelher or not then due.T�e 30-d8y perlod wlll begl� when the notlCe IS qNe�.
<br /> ' Unless Lender and Borrower othervnlse agree In writing, any appliCatlon of proceeds to principal shall not extend or postpone the
<br /> i due date ot the monthly payments relerced to In paragraphs t and 2 or change the amount of the payments. If under paragraph 21 _
<br /> the Property is BCquked by Lender, Borrowers right to any insuranCa polici05 and proceeds resulting fiom damage to the Property prior
<br /> � to tne acquisRion shali puss to Lender to the extent of the sums secured by this Securily Instrumont Immodiately prior to the
<br /> acquisiti0n.
<br /> � 6. Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loen
<br /> Appltcation; Leaseholds. 8orrower shall occupy,establish, and use tne Property es Borcower's princlpal residonce wkhin sixty
<br /> � days a�ler the ezecution ot this Security InStrument and sha�contlnue to occupy ihe Property as Bortower's princlpal residenCe for at
<br /> ; least one year aftor the dete ot occupancy, unless Lender othe�wiso agrees in writinq,whfch consent shatl not be unreasonably
<br /> withhe�d,or unless extenuating c�rcumstences exist wh�h Bre beyond Borrower's cont�01. Borrower Shell not destroy, damage or imp&�
<br /> Ithe Property, allow the Property to aetorlorate, or commit waste on the Froperty. Bortower ShaN be �n default If any foAolture aCtlon or
<br /> � proceedNg, whether civil or criminal,i, begun that in Lender's good faRh judgment could result h forfekute of the Property or otherwise
<br /> ! materf311v imoair the lien created by this Security Instrument or Lender's security Interest Borcower mey cure such e detault and
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<br /> � reinstate. es provided in parapraph 18, by causing the ection or proCeeding to De aism�sseo wrti, a ru����y i��ai, ��� �a��o�'� v��- .--.... -_
<br /> � determinntion, preC�udes forleiture o� the Borrower'S inierest in the Propeny or other rnaleri3l impairment ot the lien C�ettted by thls
<br /> � �ecurity Instrument or Lender's security Interest. Bortower shall also be in defeult �� Barower, during the loan app��Cation process.
<br /> g�va materialry false or �naccurate mformation or statements to Lender (or Iailud to pronde Lender with any material information) In
<br /> Connection with the lou� ewdenced by the Note. inciuding. but not limitod to, rop�esentatans ConCem�ng Borrower's occupnnCy of the
<br /> Property a5 a prinCipA� residenC@. �� this SeCUr�h �nslrument �S on a leaseho�fl. dorrower Shell comply with all the provf51on5 ot th8 ��
<br /> iease. II Borrower acqw�es ►ee t�tle to the Propeny, the IeaSehold and tho }ea t�tle Shall not rtierge unless the Lentler egreos to the i
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