|
. s.�" . y , . . _ �r:. .;�.. , . . . i, , ,
<br /> . . .. .. .
<br />. - • , • t�. • #t. � _..__ � t , Y _.• ••3�.� ' •l_�i..�..c. f - . � _
<br /> 'r- , . _
<br /> .. w ' r
<br />. - ������ b � � — < < -
<br /> 'I1ie �unds shall be held in an institution whose depasits are ins�red by a tederal � ncy. mstrumentlity, or entiry � _�
<br /> �including 4�nder,if Lender is such an institution)or in eny Federal Home Loan Barik. [.endcr.hall apply the Funds to pay the �_ -
<br /> Escro�v Items. Lender may not charge Borrower for holding and applping the Fund,. :utnuaily analyzing[he escrow acrount,or • • , � � ;,
<br /> --— venry�ng the tscrow ltemc,untess L.ender pay�borrower�nterest on me"runda and apPiira'vic iaw �nuit,i.ea3cT I3 iit1�C su�h —_— =� --.-. �
<br /> � a chazge. I-towever,Lender may require Borrower to pa�a one-time charge for sn independent real estate tax rrporting service . :�
<br />, used by L en der in connection wi t h t his lo:ui. unless a p plirable law provides otherv+�,e. Unle.+ an :igreerr.ent is made or �
<br /> applicable law requires interest to be paid. Lender shall rtot be required to pay Borrower any iatcrest ur c�rnings on the Funds. `. -, y, �
<br />' Borrower and l.endes may agree in writing. however, that interest shall be paid�m the Fund,. Ixnder shall give to Borrower.
<br /> ` without charge. an annual acrounting of[he Funds. shoWring credits and debits to the Funds and the purpose for which ea�:h , .
<br /> debit to the Funds a�as made. The Funds are pledged as additional zecurity for atl sums�ecvred by thi�Security lnstevment. —
<br /> �;. ' If the Funds held by Lender esceed the amounts permitted to 6e held by applicable law. I.endcr sltall account to Borrower ,,�. :
<br /> for the excess Funds in accordance w�i!h the requirements of applicable law. If the amount of the Funds held by L.endar a[any
<br />�•r time is nat sufficient co pay the Escro���Iterns when due.Len d er may so noti fy Burrc�wer in wri[ing.and, in such c:ase BorrowPr . � 4 . .•_ .__��
<br /> shall pay to Lender ttte umvunt necc:ssary to make up the deficienc�•. Iiorruwer shall make up the deficiency in no more than '� �1 „ -
<br /> - twelve tm�nthiy payments,at i.ender's soIe discreiion. ''," ; • -_—
<br /> , Upon payment in full of all sums secured by this Security lastrument, l.ender shall pmmptly refund to Burrower any .
<br /> Funds held by Lender. If,under paragraph 2l.Lender�hall acquire or sell the P�roperty.Ixnder,priar to the acquisition or sale `-,'.; :, -1;; -
<br /> , of the Property, shall apply any Funds held by Lender at the time of acquisition or sale as a credit against the�ums secured by ,'��,�;..� "::-�;�_��
<br /> _a����'C3=..
<br /> this Security Instrument. --
<br /> � 3.ApplIcation of Paytptents.Unless applicable law provides othenvi�e.a!1 paymems receiveci by Lender under paragraphs ,r=="'-�e`, ,.',.' ,
<br /> `4 1 and 2 shall be applied: f rs�t,to any prepayment charges due under the Note: second.to amounts payable under paragraph 2; -6--
<br /> , third,to interest due:fourth,to priacipal due;and last,w any late charges due under the Note. ��`v='�-=�-'
<br /> 4.C[�ar�es;Liens.aorrower�hall pay all taxes.assessraeats,charges, fines and impositions attributable to the Pro�,erty '..�:�,•#�e.
<br /> which may attain prioriry ovet this Security Instrvment, and leasehold payments or ground rents, if any. Borrower shall pay ''i�!`="�'!��!��
<br /> .. : �...��..,,_
<br /> ` :�` these obligations in t►�e manner provided in p-dragraph 2,or if not paid in that manner.Hoaower shal!pay them on time directly :,;,,•�_ � �^�_:_.'_
<br /> - ' ro the person owed�yment. Borrower shall promptly furnish to Lender all nouces of amounts to be paid under this paragraph. �=r��_y- �•
<br /> "�-�' If Borrower makes tliese menu directl ,Borrower shall ro tl fumish to Lender recei ts evidencin the a ments. ��
<br /> PaY Y P mP Y P S P Y _� n.:
<br />
|