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<br /> Bor1ower's escrow acoou�t under the fed�rai Roal Estate Settlement Praceduros �ct of t974 as amended from tlme to tknY, 12 U,8•C• °;�t�'�.-;p"'�-
<br /> ' � . . ,. .. -.�.J. '�,-+-'
<br /> 2601 et seq, ('FiESPA"),unfess another Iaw thet app��es to the Funds sete a 1es38r amount. It so,Lende► may, at any tme,Coliect and
<br /> hoid Funds In nn emount not to exceed the lesaer amount. Lender may estknwte the amount ot funds due on the basie o}currenl dat� .
<br /> and rpasoneb�e est�mates 0� expenditures of luture EsCrow ItemB or otherwl8e in aCtordOnCe with 8ppliCable Ipw•
<br /> The Funds sh81i be held In an InStRutlon whose deposRS ere inaured by a �ederal BgenCy� �nsirumentality, or entity (�nC4�dln��
<br /> " Lender, If Lender is suCh an mstitution) or in eny Federal Homo Loan Benk. Lender shall app�y the Funds tq pey the �SCrow Items.�
<br /> Lender may not charge Borrower for holding and applying the Funds, annually anelyzing the escrow account, or verlying the Escrow� ,�.-
<br /> Items, unles5 Lender pays Borrower interest on the Funds and Bppi�cable�aw permRS Lender to make such a cherge. However, LenderC ��
<br /> may requke Borrower lo pay a one�time cherge tor an Independent real estate tax reportinp service uaed by Lender In connectlon with� _-
<br /> this loan, unloss nppliceble law provldes otherwlse. Un{ess en agreement Is mnde or applic8ble law requkes htereat to be pald,Lender� _
<br /> shall not be requ�red to pay Borrower any interest or earnhys on the Funds. Borrower antl Lender may eqree In writinp� hovlover, thaty�
<br /> ..�*�""'" � �nterest shail be paid on the Funds. Lender shall gNe to Borrower, wkhout eherOs, an annual acoounthp of the Funds, showinp� �
<br /> � """ aredits and debits to the Funds and the purpose for whbh each debit to the Funds wes mflde. The Funds are pledged ed addRionel _
<br /> securfty for all sums secured by this SecurKy Instrument. � •
<br /> It the Funds heid by Lender exceed the amounta permitted to be held by apPl�able law, Londer shall account to Borcower lor the _
<br /> exCess Funds In BCCOrdance with the requkemants ot applfCable law• If the amount of the Funds held by Lender at any tkne Is not _
<br /> suHklent to pay the Escrow Items when due,Lender may so notily Borrower In wrRing,and, � such case Oorrower shall pay to Lender ;.�a_�-
<br /> • the amount necessary to make up the deficiency. Borrower shall make up the deficlency �n no more then tweNe monthly payments,at ,;�--
<br /> Lender's sole discretlon. ��'
<br /> Upon payment In full of all sums secured by this Security Inslrument, Lender shali promptly refund to Borrower any Funds held by �{-_ —
<br /> , Londer. If, under parapraph 21, Lender shall acquke or seli the Property, Len�er,prior to the acqufsitlon or sale of the Property,sheA �~
<br /> apply sny Funds held by Lender at the tMe of acqulsftlon or saie as a Credk agalnst the sums aecured by this Securlty Instrument.
<br /> 3. Application of Peymenta. Unlass epp��cable law provides otherwise, all payments receNed by Lender under parayraphs
<br /> � t and 2 shall be applled; tirst, to any prepayment charges due under the Note; seaond,to emounts payable under paragraph 2; third
<br /> to Interest due;tourth,to principal due;and Iast,to any Iete chargas due under the Note.
<br /> � 4. Chargea; Liena. eorrower shall pay all tazes, assessments, charges, fines and Impositlons attributabk+ to the Property
<br /> which m8y atteln prlority over this Securhy Instrument, and Ieasehold payrnents or ground rents, it any. Borrower shall pay these
<br /> obllgatfons In the manner provided�n paragrnph 2, or M not pald In that manner, Borrower shell pay them on time dkectly to the person
<br /> owed payment. Borrower sheli promptly furnish to Lender aM not�es of amounts to be paid under this paragreph. If Borrower makes _
<br /> � these payments direcUy, Borrower shall promptly fumish to Lender receipts evldencing the payments. . .
<br /> Borrower shall promptly discherge any Ilen which has prbrity over th15 Seaurity Instrument unless Borrower: (a)flgrees in writing to
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<br /> �,;' the payment of the obliyatlon seCUred by the�len in a menner acceptable to Lender; (b) contest6 in qood fakh the Iien by, or detends
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<br /> agalnst enforcoment of the Ilen In,legal proceedings whbh in the Lender's ophfon operete to prevent the entorcement of the Iten;or(a) E:_�
<br />_. Y seCUrES from the h�lrler of the Ilen an aqreement satisfactory to Lender subordinatinq the Iien to this SeCUrity InsWment. If Lender
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<br /> � determhes that any par+ ��f ,le Property is subJeat M a Ifen whbh may attnln {xlorfty over tnia Securiiy Insi�unia�ii, Lsnder rra, q•`•'e �'�
<br /> Borrower a notf�e IdentNying the Ilen. BoROwer shall satlsiy the Ilen or take one or more of the aCtbns set forth above wHhin 10 days
<br /> �, of the gNinq of nat�e. •
<br /> b. Hezard or Property Insurance. Borrower shali keep the Improvoments now existing or hereafter erected on the
<br /> Property �nsured Agalnst loss by fae, hazards InCluded within the tertn 'eMended Coverago"and eny other harnrds, hCludhp flo0ds or
<br /> fiooding, for wh�h Lender requires (n5uranCe• This �surance shall be maintained h the emaunts and for the perfods thet Lender
<br /> requires. The insurance c8rrier providinp the insuranCe shall be Chosen by Borrower SubJeCt to Lenders epproval wh�h SheW not be
<br /> unreasonably wRhheld. If Borrowar t8�is to maint8in coverage described above, Lender may, 8t Lender's optbn, obteln cover8ge to
<br /> proteCt Lender'S rlghtS in the Property�n accordence wdh p8ragraph 7. �
<br /> Au insurance pol�ies and renewals shaM be acceptabb to Lender and shall include a st�ne=odL�de eae��ts of pflid pr Iemiums
<br /> � the right to hold the policies end renewals. If Lendor requires, Borcower shall promptly y
<br /> �1 and renewal not�es. In the evenl of loss, Borrower shall glve prompt not�e to the Insurance carrlar and Lender. Lender mny make
<br /> � prGOf of loss if not made promptly by Borrower.
<br /> Unless Lender and Bortower othervvlse agree In wrkiny,hsurance proceeds ahali be applled to restoratlon or repair of the Property -
<br /> damaged, if the restoratlon or repak Is econom�ally feasible and Lenders security Is not Iessened. If the restoratlon or repelr Is not _
<br /> econombaliy feasible or Lender's securay would be tessened, the Insurance proceeds shell be applied to the sums secured by thts _
<br /> �: Security Instrument. whether or not lhen due, wKh any exce5s peid to Borrower. If Borrower abendons the Property, or does not !
<br />� answer wfthin 30 days a not�e irom Lender th8t the InsurenCe Carrler haS oHered to settie a C�a�. then Lender m8y CoNect the �
<br /> � insurance proceeds. Lender may use the proceeds to repa'v or restore the Property or to pay sums secured by this Security �_'__ __
<br /> Instrument, whether or not thbn due.The 30•day period will begin when the notke is given. L---—�
<br /> Unless Lenqer and Borrower otherwise agree in writiny, any epp�katlon of proceeds to principal shall not extend or posipone the �`�""'�.-=-_
<br /> due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. It under paragraph 21 _�
<br /> the Property Is acqu�ed by Lsnder, Borrower's rfght to eny Insurance pollcles end proceeds resukinp irom damage to the Property prlor ' ;�.I �
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<br /> to the acqufsitlon shall pass to Lender ro the extent o1 the sums secured by this Securiry Instrument knmedlately prlor to the ir���+���
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<br /> acq��snion. Borrower'a l.oan `'�� `�`'�`"
<br /> � 6. Occupency, Preservatfon, Meintenance end Protection of the Property; ` ����`„
<br /> Appiicetion; Leaseholds. Borrower shall occupy, establish, and use the Property as Borrower's principal residence within sbcty ,
<br /> days efler the execution ot this Security Instrument and shall conttnue to occupy the Property as Borrowers principal residenco for at �'�o`
<br /> least one year aftor the date o� oCCUpancy, unless Lender othervvise agrees in writing, whiCh Consent sh811 not be unreasonebly
<br /> withheld, or unless extenualing circumstances exist whiCh are beyond Borrower's control. Bo«ower shall not destroy, damnge or impair
<br /> � the Property,allow the Property to dete�iorete, or cumm�t waste on the Property. Borrower shall be � default if eny forteilure action Or
<br /> proCeoding,whether Ciwl or crimmpl, �s begun that �n Lender's good fa+th judgment Could resu�t �n foAeitu�a of the Property or othe�wise
<br /> j matenally impa�r the lien Creeted by th�s SeCUnry Instrument or Lender's seCUrity interHSt. Borrower mey Cure SuCh a de�ault end
<br /> .. .ti.. ,...��..., n, n.nrawriina to he dismissed with a �uling that, in Lender's go0d faith
<br /> � ,o. :,, �a��.ti ..._ __.._.
<br /> r8in5t8t8, 85 PtOVlOeO in parnytnpi� ' . _ � _ _ -_-- - -- .--.
<br /> t determination, prpcludes forleiture o� the Borrower's interest in the Properly or other material impa�rment o� the Ilen created by this
<br /> 1 SeCurity Instrument or Lender's security mtereSt. Borrowe� shall also be�n def8ult if Borrowvr, during the �oan eppliCation process. �
<br /> 1 gave materially ffllse or ineCCUrele informatlon or statements lo Lende: (or falled to provide Lender with any matorial information) in I
<br /> Connection with the loen e��denced by the Note, inCiuding, but not limited tC, re�resenttilb�s conCeming Borrower'S CCCUpa�Cy 0�the i
<br /> Proparty as a prmc�pal residonce. II this Security Instrument is on a 13asehold, Bonower shell Comply w�th all the provisfons oi the
<br /> �oase- �� Borrower acqu�res teo Idla ro tne Propehy, the �Basehold and the tey tit�B shall not merge unlvss the Lender agrees to the
<br /> me�ger �n wnt�ng. F o.m ao7e v�eo
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