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<br /> Lender mAy. ��Qny �Img, collect und hold Funds n nn emount not to oxCeed the mflxmum emount a �ender lor a lederully related morip�pe
<br /> ionm m�y requue for Borrower's oecrow nccount under the lodenl Rw1 EaUta Setllement Proceduras Act ol t974 ae amendod from thH to � _
<br /> ��rno, �?. U S.C-2501 nt noq. 1"RESPA"►, unbas another I�w that app�p� to tha Funde setn o le8ser omoum. If Bo, I.ender mey, YI any timY, v_-
<br /> r.o�al and noltl Fundo in nn nmoum nqt lo exCeed ine leaa�r emoun6 Lendw may ostknote Ihe amoun! ol lunds due on lhe bo61a ol i ,_�F
<br /> cwrnnl dntn nnd ronsonnble esUmnle9 0l expenditures ol future B6Crow ItBme or otherwiss In eCCOrdAnCe with appl�able I�w. •r:--
<br /> Tho Funds shuu be he�d �n an ineUWtlan whone dYpntR� �n Insurod by • bdent openoy, hstrumentsldy, or �ntky(���udhp 4onda. M i ;�_,-
<br /> I.onder is suc�pn �nelituUon) or in any Federal Home Loan Bank. Lender dhall�pply the Funds to pay the �5crow Items. Lentler m�y not � ;l',t�.,.
<br /> ' charge 9orrower for holdlnq and epplyinq tha Funda, �nnu�lly �n�ly:hp th� oscrow acoount, ar verifylnp the Escrow Ileme, unass Lrnd�r """—"
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<br /> pays Borrpwor hterest on the Funde and eppl�abi9 law pamits Lander to meke 8uch e cherpe. Howevor, Lendor may roqulre Borrower to w_y��:.,,
<br /> pay a one•time Charpe for an Independent real estflte tYx reportlnp servlCe ueed by Lender In ConneCtlon with thls loen,unless eppliCabb Ww _
<br /> provides othervrlse. Unless an npreoment Is made or applbable Inw requkes hterest to be pnld, i.ender shell not be requked to pay -
<br /> • -' Borrowor any Inleresl or eAmings on the Funds. Borrower and Lender may apree h writhg, however,thet Interest shell be pald on Ihe Funda. —
<br /> Lendor shall glve to Borrownr, without cherge,an ennual acCOUnttnp ot the FundB,Show�np credlt6 and debits to the FundB end the purpoe� -
<br /> for wh�h each debit to the Funds was made. The Funds are �ledged as eddRlonal security lar ail sums sACUred by this Security Inatrument.
<br /> If the Funds held by Lender exceed the amounta permitted ta be hald by applbabb Iaw, Londer shall account to Borrower (or the
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<br /> excess Funds in accordance with the requkementa of applbebie iaw. If the amount of the Funds held by Lender at any tlme Is not suttlalent
<br /> � lo pay the Escrow Items when due, Lender may so notify Borrower In wrRlnq, and, In suah Cade Borrower shall pay to Lender the emount
<br /> , necessery to make up the defiClency, Borrower shail make up !he defbiency h no moro than tweMe monthly paymenls, at Lender'8 sob
<br /> � discretbn.
<br /> Upon nayment In full of all sums seCUred by this SeCUrfty Instrument, Lender shall promptly relund to Borrower any Funds held by
<br /> Lender. If, under paragraph 21, Lender shflll flcquPe or sel the Property, Lender, Prior to the aCquisitlon or sab of the Property, shali apply t_
<br /> � any Funds hold by Lender at the time of ecquisition or snfe as a credit agalnst the sums secured by this Security Instrument. � _
<br /> ., � 3. Application of Paymenta. Unless appliCebte law provides otherwise,all payments receHed by Lender under paregraphs 1 and �--
<br /> O 2 shall be 8pp`ed: t'ust, to any prepayment charges due under the Note; second, to amounts payable under paragraph 2: third to interest
<br /> � due; (ourih, to principal due: and last,to any Inte charges due under the Note. �1;
<br /> �E � 4. ChB�geS; Lie�s. Borrower snall pay aM taxes, assessments,charges,fines and Impositbns attributabie to the Property whbh mey —
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<br /> attain prAnty over this Security Instrument, end lea�ehold payments or ground rents, If any. Borrower Shflll pgy these oblipetlons In the �,?
<br /> � menner provitled in paragraph 2, or if not peid In th6t manner, Borrower shaM pay them on time dlrectry to the person owed pByment. �:
<br /> `�, � Borrower shall promptly furNsh to Lender all nat�es of amounts to be pald under th(s pflragraph. If Borrower makes these payments =_;.
<br /> directly, Borrower shall promptly furnlsh to Lender receipts evidenoing the payments.
<br /> � �� Borrower shall promptly dlscharge any Ilen wh�h has priority over this Socurky InsMument unless 9orrower: (a) agrees In writinp to the �
<br /> payment of tne obllgetion secured by the lien In a manner acceptabie to Lender; (b) contests in pood faith the Ilen by,or defends ayahst ��r
<br /> "1 8ntoro0ment ot the I�en in, legat prOCeeaings wnicn in ihd Luridai�o Op����.n Gp8ia28 tC ptc�.rOn!tha ei:!o�C�mCnt 0!!h9 Ile.^.;0►;^_)5�!!'�►°9 h^^+ F•,`
<br /> � ,�� the hotder of the Ilen an agreement setisfactory Io Lender subordlnalNg the Ilen to thls Security Instrument. If Lender determines that any ,-r
<br /> � part of the Property is subject to a lien wh�h may attah priority over thts Socurity Instrument, Lender may gNe Borrower a notice identilyinp �
<br /> the lien. Borrower Shail 5atisfy the lien or take one or more of the actions set forth above within 10 days of the gHing of notbe. -
<br /> � .ri. H828fd or Property Insurance. 8orrower shall keep the Improvements now exlsthq or hereaker erecled on the PrOperty
<br /> wisured against loss by ttre, ha�rds included withln the term "extended coverage' and any other hazards, Inoluding fbods or tbodinp, tor
<br /> wh�ch Lander requires insurance. This insuranca shall be maintahed In the amounts and for the periods that Lender requlres. The Insurancs = _.
<br /> carrier providin9 the insuranCe shall be chosen by Borrower subJect to Lenders approvai wh�h ShaA not be unreasonably wkhheld. If .-�w
<br /> Borrower tails to malntaln coverage described above, Lender may, at Lenders optbn, obtaln Coverape to protect Lenders rtphts in th� '��
<br /> Property in BcCOrdanCe with peragraph 7. �-
<br /> All insurence policies and renewals shell be ecceptable to Lender end shall fnClude a standard mortgage clause. Lender shell hBVe the '
<br /> rignt to ho�d the pol�ies and renewals. It Lentler requkes,Bortower shall promptly gNe to Lender ali receipts of pald premiums and renewal
<br /> notices. In the event ot loss, Borrower sha11 give prompt notice to the insurance carrier and Lender. Lender may make proof of loss It not
<br /> mede prumptly by Borrower. •
<br /> � UNess Lender and Borrower o:herwfse agree in writ�g, �surance proceeds shsll be epplied to restoration qr repair of the Property °---°
<br /> damaged, if the rostoration or repair is econornically �eas�bie t►nd Lender's security is not lessened. If the restoratbn or repak is not "
<br /> + economiCally (easibla or Lender's secunty would be lessened, the �nsurance proceeds shail be applied to the sums secured by this Security =
<br /> � Instrument, whether or not then due, with flny excess paid to Bortower. If BorrOwer ab8ndon5 the Property, Or d0es nOt an5wer withh 30 =__ ---
<br /> q days a notice Irom Lender that tha insurance carrier hes oNered to settle a Claim,then Lender mey ColleCt the ��suranCe proCeeds. Lendir -_
<br /> ] may use the proceeds to repair or resrore the Property or to pay Gums secured by this Securtty Instrume�t, whether a not then due.The , ._-_----�-
<br /> � 30•duy period wil begfn when the notiCe is g�ven. . w�
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<br /> • i Unless Lendor and Borrower otherwise agree In writing, any application of proceeds to principal shall not extend a postpone the due . �,r��
<br /> � date ol the monthly payments referred to in paragraphs 1 end 2 cr Chenge the amount of the payments. If under paragraph 21 the Property '"'�/�
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<br /> � is acquired by Lender, Borrower's right to any Insurance polictes and proceeds resulting trom damage to tho Property prior to the acqulskbn : :::.�•°� :
<br /> , shall pnss to Lender to the extent of the sums secured by Ihis SecurRy Instrumeat Immediately prbr to the acqufsition. �`" '�'`f�
<br /> � 6. Occupancy. Preservation, Malntenance and Protection of the Properry; Borrower's Loan Appltcatlon; " . `
<br /> LeaseholrJs. Bo�rpwer shall oCCUpy,establish,and use lhe Property as BorcOwer's prinCipfll residenCe wfthin sixty dAys efter thA BxeCUt�On '. '
<br /> � of this Secun�y Instrument and shail continue to occupy the Property as Borrowor', pnc�ipal residence for at least one year aker the date of
<br /> S occupanCy. unless Lontlor otherw�se agrees m wr�ng, wh{ch consent shall not be unreasonubly withheld,or unless extenuating cMCUmstanCes
<br /> � exist wn�h are beyond Borrower's control. Borrower shAN not destroy, damage or Impeir the Property, aliow the Property to deteriorate, or ,.
<br /> comm�t waste on the Proporty. Borrowor ehall be in default it any forleiture aCt�on or proceeding, whether cNil or crtmnai, IS begun that In
<br /> � Lender's good �aith judgment could result h forleiture ot the PrOperty or otherwise materially Impe� lhe lien Croaled by thls Security
<br /> , Ins�rument or Lender'S security interest. Bo�rpwer mey Cure SuCh e defeult and reinstale, �S provided in paragreph 18, by Causfng the BCtlon
<br /> or proceeding lo be dism�ssed with a ruiing ihat,N Len�er's guod falth determinatfon, precludes �oNeilure of the Borrower's interest in the
<br /> I aroperty or otner mater�al �mpa�rment of the lien created by this Security Instrument or Lender's securfty interest. Borrower sheli also be In f --
<br />� de��uq a Bo�rower, during the ioan epplicat�o� pwCess, gave materlaly false or inaccurnte information or statements to Lender (or failed [o i
<br /> q � prov�do l.ender .v�th any mater,�l �nfo�mat�on) �n connectan w�th the loan evidenced by Ihe NOte, �ncluding, but not I�mited to, representatlons
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<br /> concemmg Bo��Owe�'S occuUancy o1 Ine Property as a prme�pai reside��ce. II Ih�s Secur�ly Instrument is on a leaseho�d, Borrower shall ,
<br />+ CO�nply wdh an the pro��s�ons 0� thB ICIISB II l30�rpwQf uCqwreS �06 l�Ile to the Property, Ihe I@d56h01d Und �h@ fye IitIB Sh811 nOt f118fQ0
<br />= uniess �ender ag�ees to tne meryer m �vnbng-
<br />' Fo�m ao2e e,eo
<br /> � �ac.��i S�tt �a,��� Paq�Y o�5
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