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<br /> i Borrower's escrow eccount under Ine �etleral Rval Eatote Settlement Procedures Act ol 1974 as amended trom t�me to time, 12 U.S,C. `
<br /> 2601 et seq.�"pESPA"),unlesn another law Ihat epplies lo the Funds 8ets 6 leaser amount. if so,L9nder may,at any tlme,ColkCt and � :,: :4
<br /> ' hold Funds fn en umounl not to oxceed the�esser amount. Lender m4y estimate tho amount of Nnds due on the bae�s of curcent dtta :
<br /> and reasoneble estMates of expentlilurea of future EsCrow Itoma or olherwlse h aCCOrdance wlth appl�8ble law. _
<br /> Tne Funds shaA be held in en Institutlon whose depoaRs are inaured by a federal aqencY, Inatrumentnlity, or entky (Inoludinq�
<br /> Lender, fi Lender is euc� nn �stitutlon) or in any Federel Home Loan Eisnk. Lender ehnll epphr`we sCCOUnto or�verllylnq the Esc ow� ��
<br /> Lender may not cherge Borrower Ior holding Ai�J apptyNp the Funds,annualty analyzlnp the esc o ' t;� ,
<br /> Items,unless Lender PaYa Borrower I�tereat on the Funds and eppl�abla law permfte Lender to make such e cherpe. However,Lende}� .�'
<br /> ; may roqulrp Borrov,o� to pey a one•tlme churge for on independent reel estate tnx reportlnfl senko used by Lender In connectlon wNh�
<br /> this ioen,unless epp�ICable lew provides otherwlse. UnlesS en aq�eem�unds m 8orrowep and Lender may aqree In wrltinp ohowevere thl� : ,. : ��r��.
<br /> I shall not be required to pay Borrower any Interest or earninqs on the ., t _ . .,��;
<br /> ..���""'W � interest shall be paid on the Funds. Lender sheli gNe to Bortower, without chs�qe, an annual accounting of the Funds, showlnp
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<br /> credits and debtts to the Funds end the purpose for which eaoh debit ta the Funds was made. The Funds are pledged a8 addftlons
<br /> I security tor all sums secured by this Security Inatrume�t. � ���"�"'�3{`�
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<br /> If the Funds held by Lender exceed the amounts permkted to be held by applbable iaw, Lender shafl account to Bortower for the *�����'�"•=�`=----
<br /> exceSS Funds In accordance with the requirements of eppi�able Iaw. It the amount of the Funds held by Lender at any time Is not >,u4"�cs��
<br /> � � suHicient to pay the Escrow Items when due, Lender rnay so notily Borcower In writing,And, In such c8se Borcower shail pay to Lender ,.�=�3F-- --
<br /> the amount necessary to make up the deffclency. Borrower shall make up the defblency In no more than tweNe monthty payments,at -_
<br /> y Lenders sole dlscretlon. _`v
<br /> Upon payment in lui� of all sums securad by this SeourftY �natrument, Lender 8ha�rP�etlecquistlon orosflte�of the P operty,lsh 1 �•�.�L--
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<br /> Lender. It, under paragraph 21. Lender shall acqure or sell the Property, Lender, p � .._—_
<br /> appiy any Funds held by Lender et the time ot acquisitbn or sale as a credit ayalnst lhe sums secured by this Gecurity Inetrument. �,3�i_:
<br /> 3. Application�f Payments. Unless applicable�aw provldes otherwlse, all payments receNed by Lendar under paragmphs �:_°-.---
<br /> ? � t and 2 sheu be applied: first, to any prepayment charges due under the Note; second,to amounts payabla under paragraph 2; thkd •.`�4��a�•°
<br /> , � to interest due; foudh,to principal due;and last, to any late charges due under the Note. �'��
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<br /> � . 4. Cherges; LI@f18. Borrower shall pay atl texes, assessments, charpes, thes and Mposltions attributable to the Property
<br /> which may attaln priority over thls SecurNy Instrument, and leasehold payments or pround rsnts, if any. Borcower shall pay these �,
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<br /> obligatlons in the manner provided in paragraph 2,or tl not paid In that manner, Borrawer shail OaY them on time direatly to the person r`��x�;;, .
<br /> t owed payment. Bor►ower shall promptly furnish to Lender ell notbes of amounts to be paid under thia paragreph. If Borcower makes - - -�
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<br /> these payments directry,Borrower shall promptly fumish to Lender receipts evldencing the payments•
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<br /> Borrower sha�promptly disch8rge any Ilen wh�h has prlorily over Shis SeCUrity Instrument unfess Bortower:(0)aprees in writlnp o --
<br /> '� the payment of the obllgatbn secured by the Ilen In a manner ecceptable to Lender,(b)contesls In good taith the I'an by, or defends ;__
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<br /> - =; sg3!�St 9n!!+rramant of the Ilen In,legal proceedtngs whfch In the Lender's opinlon operate to prevent the enforcement of the Iien; or(c) S
<br /> secures from the holder of the Iien an aQreemant saUsfactory to Lender suDOronating tnd �wn to thls Vcxur!!; lnstns�'+!��• �} �-ender
<br /> � � determines that eny part of the Property Is subJect to e Ilen whbh may attaM priority over this SeCUdty Instn�ment, Lender mBy pNe �
<br /> , Borrower a notice ide�ti(ying the lien. Borrower shall satisly the Iien or take ane or more of the aCtlons sat forth above wfthfn 10 days ��—Y
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<br /> � of the glving of not�e. —
<br /> b. Hazard or Property Insurance. Borrower Shall keep the ImprOVements now exlsting or here8ftet ereCted on the
<br /> � PropeRy �sured egainst Ioss by t're, hasards I�cluded within the term "extended coverage" and any other hazards,includhq tloods or _
<br /> tboding, for whkh Lender requlres Insurance. This InsuranCe ShaN be maintahed In the amounts and for the periods that Lender ��;
<br /> � requires. The insurance carcier provlding the Insurance shaY be chosen by Borrower subJect to Lender5 approval whiCh shall not be
<br /> � unreasonably withheld. If Borrower fens to malntah coverage described ubove. Lende� may, at Lender's optlon,obtaln oovera9e to —
<br /> �_ protect Lender's rights in the Property in eccordante wAh paragreph 7.
<br /> All insurttnce policies and renew815 shali be aCCeptable to Lender and shall InClude a Standard mortgage C�fluse. Lender sh811 have
<br /> � the right to hold the poliC�es and renewals. If Lender requires, Borrower shall promptty gwe to Lender ali receipts of pald premlums
<br /> � and renewal not�es. In the event of loss, Borrower sha�gNe prompt notiCe to the tnsurance carrier a�d Lender. Lender may make
<br /> �' proof of lass if not rnade promptly by Bortower.
<br /> Unless Lender and Borrower otherw�se agree�n wrRing,Insurance proceeds shaN be 8pp�bd to restoration or repair of the PropeRy �
<br /> .� � damaged, if the restoration or repair Is economicalty feasible and Lenders security Is not lessened. If the restoratlon or repalr I5 not ���
<br /> economlcaUy feasible or Lender's security would be �essened, the Insurance proceeds shall be applled to the sums 5ecured by this
<br /> � ; Securfty Instrument, whether or not then due, wRh any excess pald to Borrower. If Borcower abandons the Property, or does not
<br /> � ; answer within 30 days a not�e from Lender thet the tnsurence carcler has otfered to setlle a c1aM, then Lender may collect the __
<br /> insurance proceeds. Lender may use the proceeds to repak or restore the Property or to pay sums socured by lhis SeauritY ��,--
<br /> } Instrument,whether or not then due.The 30•dey period wiN begin when the notlCe Is gNen.
<br /> ,I Unless Lender and Borrower otherv+ise agree in writing, any appllCatlon of proceeds to Drincipal shall not extend or postpone the `,:
<br /> � due dnte of the monihly peyments relerred to In paragraphs 1 and 2 or Change the amount of the pflyments. If under parag�aph 21
<br /> � the Property fs acqured by Lender, Bodrrowe�r'sthehehentnofnthes5ums secur d byrth�sd��tY�nstrume tmimmedlat ryPprWrrtt pthe .�,•. • •v.;,, r••�
<br /> ,� to the acquisitbn 5hall puss to Le 8 �;K„-;;-%,, �
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<br /> � 8. Occupency, Preservatlon, Malntenance and Protection of the Property; Barrower's Loan -�•-
<br /> IApplfCBtfon; Le88ehold&. BOrrower Shall oCCUpy, estabush,and use the Property as B�gs BoROwer'S'pa�Clp de e5Id8nC0 for 8t . .
<br /> � deys after the execulion of this Security Instrument and shall conthue to occupy tho Propeny
<br /> I ieast one year aRer the date of occupancy, unless Lender otherwlse agrees in writhg, wh{ch consent shall not be unreasoneby
<br /> � withheld, or unless extenuating C��cumstnnces sxist wh�h are beyond Borrowers control. Borcower sh611 not deslroy, demflge or Impak
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<br /> ; the Property. albw �he Property l0 deteriorate, or co�nit waste on the Property. Borrower Shall be in detault if eny fo�eiture BCtlon or
<br /> � proCeeding. whether civil or crimNal,is begun thet in Lender'S good faith Judgment Could result in fOr�eiture 01 the PrOperty or OtherwlSe
<br /> _ o,......,., ���....o,um nr Lander's seCUritY �nterest. Bo�rower may cure such �i default and
<br /> - ' me�enally �mpuu me iien c�vai�u �� ��:+ w••�..o ...-' - - •-� ----=.T
<br /> � renstate, as provided in parag�aph 18,by causng the action or procesd�+9 t orbothermmate�aW'�mPB�rm'e n tathe I en created by tihls
<br /> determinntion, p�ecludes �o�edure ol tha 8orrower's �nterest 'h Ihalsor bertn detault il Borrower, during the loan application procoss. �
<br /> , SeCUrity Instrument or Lender'S 58CUrity mt�re5t. BorrowB� 5 a
<br /> ' gavo mate��ally tulse o� �naccurete informatbn ur slatements to Lender (or felled lo provide Lender with any material fntormatbn)
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<br /> connection w�th ine loan evidenced by ihe Note, �ncludmg, bul not limited lo, representatio�s concerning Borrowsr's acupnnCy of the i
<br /> Property as a prinapa� �esidence. i� this Secur�ty Instrument Is on a leasehold, Borrower shall comply with all the provi;ions of the �
<br /> lease. If Borrower acquires fee title to the ProperlY, the �easeliold and the �ee titla Sha�� not merge untess the Lender agrees to thv
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