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<br /> Horrower's esarpw accounl under the }ederei Reai Estele Settlement ProCedures ACt ol 1974 as amended from time to time, 12 U.S.C. � _.
<br /> 2E01 el saq.("RESPA"), unless onother k1w that appiies to the Funds sets a Iesser nmount. II�o.Lender may,et any ttrne,collect end i::
<br /> ho�d Funds n nn em0unt not to exceed the bsser nmount. Lende� mey estimete the amount of funds abe�o��th0 beSis ol current dflta
<br /> and reuconabla estimatos o�expend4uros o1 futuro Esanw Itams or olhorwise in eCCOrdance with aPP�gtrumentaAt or enlily (hciuding ��
<br /> T�0 Funds shell be held in en insUwt�on whose tlepOSAS tire Insured by & leder8l egenCy, Y.
<br /> Lendor,fl Lender Is such nn institution) or In any Federal Home LoAn 8ank. Lender shall apply the Funds to paY ihe Escrow Items.
<br /> Lender may not charge Borrower for holding and epplyin0 the Punds.annually analyzing the escrow account,o► verifykq the Escrow
<br /> Items,unless Lender pays Borrower interest on the Funds and epplfcable law permks Lender to malce such a charge. However,Lender
<br /> may requtre Borrower ro pay a one�tkne charqe for an Independent real estate tHx reporting servtce used by Lender In aonneCtbn wkh I .z,—_
<br /> � this loen, unless applicable law provWos otherwise. Unless an npreement Is mAde or epplkable Iaw requlres interest to be pald,Lender
<br /> i shall not be required to pay Borcower any Interest or eamhgs on the Funds. Borrower and Lender may apree In wrAln9,however,that
<br /> r �'•' i interest sheA be pald on the Funds. Lender shail gNe to Borrower, wkhoul Cherqe, an annusl acCOUnting of the Funds, showhg ��
<br /> ��"' ! credita and debits to the Funds and the purpose�o�whbh each debR to the Funds was mede. The Funds are p�edged as addidonal Q� ,
<br /> 1 securily for 811 sums secured by this Security Instrument.
<br /> 11 the Funds held by Lender exceed the amounts permitted to be held by app��ab�e Iaw,Lender shall account to Borrower for the �G���
<br /> Q �.
<br /> ezcess Funds In accordance with the requKements of appiicebls iew• If the amount ot the Funds held by Lender at any tkne IS not �
<br /> ° � sufficient to pay the Escrow hems when due,Lender m8y so notify Borrower In writing�8nd,In such Cese Borrowet shail pey to Lendet -
<br /> • the amount necessery to make up the defblency.8orcower ahail make up the def�lancy In no more then twebe monthy paYmenta,at �
<br /> ' � Lenders sole disCrelion. �
<br /> Upon payment in tuN of a�sums secured by thls Securiry Instrument,Lender ahall promptly refund to Borrower any Funds held by
<br /> � Lender. If,under paraereph 21,Lender shall acquke or sell the PropeAy,Lendet, prlor to the acqulsltiqn or e��a ol the Property� shall
<br /> ' appty any Funde held by Lender at the tlme of ecqulsltbn or enle eb a o��dk�palnst the sums esoured by thls Security In6t�umsnt.
<br /> � 3. Appllaation o} Peyments. Unless app��Cable lew provWea othorwNe,oll pityments ►ecelved by Lender under perapraphs
<br /> r t end 2 shall be npplied:Hrst,to any prepeymont charpe� dua und�r th� NoU; socond, to amounts payable unde�parepraph 2; thkd
<br /> ? to i�lo�ost due; fburth, to pNnC�pel due: nnd lest,lo any Iete chnrge9 due under the Note•
<br /> �har es, ��ea (ind imp05dions ati��bulobka to the Property
<br /> t � 4. Charges; Liens. 8orrower snau pny all Inxes, essusaments, 4
<br /> ! � wnwh mny attuin prbnty ovor this Secunty Insirument, nnd base�0ld payments or pround rentb, if any. Borrower ahull paY th�s�
<br /> obligelions �n the menner prav�ded �n ppragraph 2, or il not peld In Ihat manne�. BorrowOr shall pay them on tlme droctry to the per5on
<br /> �� owetl puymont. Borrower shflN promptly lurnfsh to Lender nl notkea of emounts t0 be peld under thls par8praph. If Borrower mikes
<br /> Ihese payments direr.tly.Borrower sholl promptly furnish to Lender reCOlpt6 evldencinp the pnyments.
<br /> Borrower shall promptly d�scharge any Ile��whlCh has prlority over thls SaCUrky Instrument unie55 Borrower: (a)agrees In wrRhy to
<br /> � the peyment of the obllgalion secured by the Iien in a manner acceptable to Lender; (b)contests In qood fskh the Iien by, or dshnds
<br /> against entorcement of the Ilen In,iegal proceedings wh�h h the Lendere ophbn oporate to prevent the enforcement of the Ilen; or(a)
<br /> SeCUres hom the holder of the ��en an agrenmaii sai�StdCi�r t0 l.Snd9r 9��hnrdhatinq the Ilen t0 thls S9CUrity Instrument. �f ��d�
<br /> determines that eny part of �he P�npeeorcowebsehall satislyt eh�en orflt ke o epob orevof thesaotons set forth bovewkhhrtl0 days
<br /> BorrowBr a not�e Identirying t e
<br /> ' of the giving of not�e. _
<br /> ;� 6. Hazard or Property Insurance. Borrower snall keep the Improvements now exlsting or hereafter erected on the
<br /> �; Property �nsured against bss by fire, hezards included withm the term "extended coverage'and any other heza�ds, incbdiny fbod8 or eQt
<br /> "� tlood�ng. lor which Lender requires �surance. This insurence snxtl be mahtained In the amounts and f�r the perbds that Lender
<br /> . � �v�.
<br /> a requres. The irsurance carrier providing the insurance sheU be chosen by Bortower subJect to lenders approval whbh shall not e
<br /> ::� unreasanebly withheld. If Borrower tails to malntain coveraye described above, Lender may, at Lenders opttan, obuln coverays to ��
<br /> �` prolect Lender's rignts in the Property in acCOrdance with parBgraph 7.
<br /> ;� All insurance poltcies and renewals shali be acceptable to Lender and shall Inciude a standard mortgape clause. Lender shall have ----
<br /> '" tho right to hold the ?oithe e entrof oss, Bof oewereshal�glve promptenotfce'Itorthe hsuanceo arrle end Lenders L dor�maYmmake
<br /> � and renewal not�es. _
<br /> proof of loss ff not made promPtly by Borcower. Iied to restoration or repar of the PropeRy _
<br /> � Untess Lender and Borrowet otherwise agree in writing,h�surence proceeds shall be flpp _-_
<br /> damaged, �� the restoretion or repak Is econom�Cally feasib�e and Lender's security is not �essened. If the restoretion or repak Is not ��_�
<br /> � � economicelly feasible or Lender's security wouid be lessened, the insurence proceeds shall be epplied to the sums secured by this
<br /> f�—�
<br /> SeCUrity Instrument, whether or not then due, wilh a�y excess paid to Borrower. It Borrower abandons the Propehy, or does not �'`- --
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<br />_ •, f answer within 30 days a no��ce from Lender that the insura�ce CBrtler haS oflered to settW a C�a�� then Lender m8y coliect t e E
<br /> insurance proceeds. Lende� may uso the proceeds to repair or restore the Property or to pay sums seCUred by thls SeCUrky
<br /> Insirument,whether or not Ihen due.The 30•day period wiA begM�when the notlCe�s gNen, � ` �,R..
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<br /> UNess Lender and Borrower otherwise agree in writinp,any appliCation of proceeds to principal shnll not exlend or postpone t e f -_
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<br /> due dale of the monthty payments referced to tn paragraphs 1 end 2 or change the amount of the peyments. I( under para0reph 21 _�m_T
<br /> theProperty is acqulranbassntorLenderWtosthehexte tnol theesumsosecured byrthis Security�nsl mentt8tmmedlalelyPPrioe opthe .�
<br /> I to Ihe aCquiSitlon she p �
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<br /> acquisit�on. p eorrower'a Loen
<br /> � ; 6. Occupency, Preservation, Maintenence and ProtecRion of the Pro erty;
<br /> _ � AppliCatfOn; L@aSCholds. Borrower shau occupy. estab��sn, and use the►'roperty as Borrower's prinCipal res�dance within sbRy
<br /> � doys aRer the exeCUt�on ol this Socurity Instrument and shall continue to occupy tho Property as Borrowe�'s pmcipal res�dence for at
<br /> � leasl one year eflor Ihv dale of occupancy, unless Lender otherwise agrees fn writing, whiCh consent shall no1 be unreasOnnbN
<br /> � wanheld, o� unless exlenunt�ng cKCUmstances ex�st wh�ch ere beYOnd Bcrro�ver's conlrol. Bo�rower shell not destroy,damnge o�lmpak
<br /> � the Property, ullow the Property lo detenorete, or Commit waSte on the Property. BOrrower Shall be in deinult d flny�orfeflure aCtlon Or
<br /> piocoedng,whetner crvd o�cnmtnal, i, bogun ihst in Londer'n good todh judgment could resuft In foAeiture of the Property or othenvise
<br /> � ' .,,om.au� �mnair the tisn created by thu Secunty Ir.strument a Lendor's securfty Interest. Bo�rowort�ayh�c'�� Londor'Ldoo�od faRh
<br /> � renstnte, as prov�ded in parngreph 18. by causing Ihe atUon or proCeeou+g to oe u75����;oad .-.... .. •..•-•o • -• �--
<br /> delermin(ition, prOCludoS �O�eiture 0� the Borrower's int0rest In ihA P�openy or othBr materlfll frttpalrm8nt ot Ih0 1i8� Cr8At8d by thlS
<br /> - ri Instrument or Lender's secunty interest. Borrowor shall also be �n do�ault it Borrower, during the �a?�Q`o��k°^'ormut on)Sln �
<br /> Secu ly
<br /> gave materially fulsct or ineccurote information o� statements to lender (or fai�ed to provide Lender with any
<br /> �annection with ihe loan e��denced by tne Nole, �ncluding, but not limited t0, representfltlons conCerning Borrowttr'S accupanCy of thp �
<br /> Pwperty as a pmcipal res�denCe. If th�s SeCUnty Instrument a on 0 leasehold. Borrower shell comply wfth an the pro��sions o� the
<br /> iease. i� Bo«ower acqu�ies fee I�IIe lo Ihp Piopo�ty. the�easehold und ihe fee title shull nOt mergo unloss tho Lender agrees lo lhe
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