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<br /> Borrower's escrow account under the federal Real Eatete Settlement Procedures Act of 1974 as amended from time to time, t2 U.S.C.
<br /> 2601 ot seq. ("pESPA"),unless enother �aw thet appues to the Funds sets e lesser amounl. If so,Lender mey, nt eny time,Collect and
<br /> hold Funds in nn emount not to exceod Iho lesser amount. Lender may eStlmste the 8mount of lunds due on the basis of current date � ,
<br /> antl reasonable estknates of expenditures of tuture EsCrow Items or otherwine In accordence with eppl�able law. � ,• -•
<br /> � The Funds shell be held In an inatftutlon whose deposits are hsured by a federal epency, instrumentelity, or entity i�cludlnp
<br /> Lender, if Lender Is such an inetitutlon) or In any Federal Home Loan Bank. Lender shell apply Ihe Funds to pay tho Escrow ltems.�
<br /> Lender may not aharge Borrower for holding and appyinq the Funda,annualty snaryzinq the escrow eccount, or vorifying the Escro
<br /> .�{ Items,unless Lendor peys Borrower interest en the Funda and appficabie law permhs Lender to m�ke euch e oherpe. Howevor,Lende�
<br /> � may require Borrowor to pEty u ons•ihno chArflO for en Independent reel ostete t8x reporthg servke used by Lende� � conneCtlon wlt�
<br /> this loan,unless appl�eble law provldea otherwlse. Unless an ayreement Ia made or applbable law requlres Interest to be pei0,Lende� ;i
<br /> „^, sheu not be roquired to pay Borrower any Interest or earnings on the Funds. Borrower and Lender may apree In writinp, however,thn� � :�:ar.
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<br /> � ,,, : hterest Shall be pald on the Funds. Lender shali gNe to 9orrower, wahout chnrge, an ennuel accountinfl ol ihe Funds, showinp� ,r �� :w,,_
<br /> CredRS and debfts to the Funds and the purpose for wh�h eaCh debit to the Fund& was made. The Funds are pledged es additbnal ,,. .r.;'Ry�„:,�_y
<br /> seCUrity for all sums secured by thls Security Instrument. . . :;, '-�`�---
<br /> � If tho Funds held by Lender excoed the amounts permitted to be held by epplfcable law,Lender shell eccount to Borrower tor tne � :c:c,_°_ --
<br /> excess Funds In accordance wkh the requkements of applbable law, If the amount of the Funds held by Lender at any time Is not ,,r.W�,•;-
<br /> suHblent to pay the Esarow Items when due Lender may so noUty Bonower h wrklnp,and, h such case Bortower shall pay to Lender .3�"--
<br /> the amount necessary to make up the def�lency. Bortower ahall meke up the deficlanoy In no more than tweNe monthly payments,et ;�'��1�
<br /> Lender's sole dlscretlon. "'.;a-'�-=
<br /> Upon payment tn IuN of all sums secured by this Security Instrument,Lender shall promptty relund to Borrower any Funds heid by y,,1.;�
<br /> Lender. If, under paragraph 21, Lender shall acquke or sell the Property.Lender,prlor to the acqufsitbn or sale of the PropeRy, shall �:�_-
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<br /> apply eny Funds held by Lender at lhe Ume of acqulsftlon or Saie as a credit ageinst the sums secured by thls Security Instrument. ,
<br /> 3. Application of Payments. Unless appliCBble law provldes otherw�so,ail paYments receHed by Lender under paregraphs =.�.
<br /> 1 and 2 shall be a plied: first, to any prepayment charges due under the Note; seCOnd,to amants payabl�ur.der paragraph 2; third �,-^�"��
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<br /> to interest due; fouAh,to princ�pal due;and last,to any late char es due undor the Note. }�;� "
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<br /> . ? 4. Charges; Liens. Borrower shell pay all taxes, assessments, aharges, fines and Imposftlons ettributable to the Property --_
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<br /> which may attaln priorfty over this Security Instrument, and leasehold payments or ground reMS, N any. Borrower shall pay these �-8��,-•
<br /> obllpations in the manner provlded In paragraph 2,or If not pald In that manner, Borrower shall pey them on time directly to the person
<br /> �, owed paymenL Bomower shaY prompty fumish to Lender all not�es of emounta to be paid under thls parapreph. If Bortower makes �r�-'
<br /> these payments dlrecty,Borrower shali promptly fumish to Lender receipts evidencing the paymenls.
<br /> ,t Borrower shali promptly discharye any Iien whbh h8s prlority over thls Se:urity Instrument unless Borcower: (a)agrees in writiny to
<br /> * the payment of the obllgation secured by the Ilen In a manner accaptflble to Lender; (b)contests h good faith the Ilen by, or defends � _
<br /> �. � i i ai m�raadm s wh�h In the Lender's opinlon operate to prevent the enforcement of the Ilen; or(c) �-. _
<br /> - -= a�a..si s�.arcccr:cr:t of the.len .n,!�_ � 9 rnl�°
<br /> ' seCUres irom the holder of the Ilen an agreement satisfactory to I_ender subordlnating the Ilen to this Security Instrument. If Lendar �
<br /> !' determines thet any pert of the Property is subject to a Iien wh�h mey Attaln prbrity over thls Security Instrument, Lender may ghre
<br /> Borrower a not�e Identilyhg the Iien. Borrowor shali sat�sty the lien or take one or more of the ectlons set forth abOVe within 10 days �����-
<br /> of the gNing of not�e. —
<br /> - 5. Hazard or Properry Insurance. Borrower sheli ksep the knprovements now existing or hereafter erected on the
<br /> ; Property hsured against bss by fke, ha•rards Inoluded within the term "extended coverage"and eny other halards, including fbods or
<br /> t�. tlooding, for wh�h Lender requlres Insurance. Thls �nsurance shall be mahtalned In the amwnts end �or the p8riods that Lender
<br /> �- requkes. The Insurance caRler providing the hsurance shall be ohosen by Borrower subJect to Lender's epproval whbh shell not be
<br /> j� unreasonably withheld. If Borrower falls to malntaln coverage described above.Lender may,at Lender's optlon, obtain coverage to
<br /> protect Lender's rlphts In thd Property h accordance with paragraph 7. -
<br /> •1 All fnsurance poltcies and renewals shall be acceptable to Lender and shell Include a standerd mortgage clause. Lender shall have
<br /> . the right to hold the poi�cles and renewals. If Lendar requires, Barower shall promptly gNe to Lender all recolpts of paid premiums
<br /> ! and renewal notiCBS. �n the event of lOSS, Borrower Sh811 gNe prompt notiCe to the insurance Carrier and Lender. Londer mey m8k8 _
<br /> proof of loss��not made promptly by Borrower. _-
<br /> .��.� Unless Lender and Borrower othenvlse agree h writing, insurance proceeds 6hall be applied to restoratbn or repak of the Property -
<br />- � damagetl, if the restoratlon or repak is economfcally feasible and Lenders securlty Is not lessened. If the restaratlon or repak Is not ___
<br /> �! oconomically feasible or Lender's security would be lessened, the Insurance proceeds shail be npplied to the sums secured by this =_- _
<br /> • Security Instrument, whether or not then due, wRh any excess pald to Horrower. If Borrower abandons the Property, qr does not —_
<br /> •� s answer withln 30 days a not�e Irom Lender that the Insurance Carrler has oHored to settle a Clakn, then Lender mey CoilOCt the --�_.
<br /> Insurance proceeds. Lender may use the proceeds to repak or restore the Property or to pay sums secured by thls SeCUrEty ,
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<br /> Instrument,whether or not then due. The 30�day perlod wlil Gegin wnen the notiCe Is gNen. �-.'_`_=___-
<br /> Unless Lender and Borrower othervvise agree in writing,any appl�Catlon of proCeeds to prhtipal shall not extend or postpone the _____—_-
<br /> due date of the monthly payments referred to in paregraphs 1 and 2 or chnnge the amount o�ihe payments. If under paragreph 21 �;�—_—��_.
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<br /> the Property Is acqWred by Lender, Borrower's rlght to any hsurance poliCles and proceeds resuMing from damage to the Property prlor �;.��=�-�"x`-=-�
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<br />- to the acquisition shau pass to Lender to the exlent of the sums seCUred by this Securiry Instrument knmediately prior to the ,
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<br /> 6. Occupancy, Preservation, Meintenance and Protection of the Property; Borrower's Loan �''-�;,.•,;fa�
<br /> _ Applieation; Leaseholds. Borrower shan occupy, establish,and use the Property as Barower's princ�pal residence within sixty �_M ,.
<br /> � days after the execution of this SecurAy Instrument and shall contNue to occupy tho PropeRy es Borrower's principal residence for at
<br /> �eest one year after the date of occupancy, unless Lender othenvlse agrees in writhg, whkh cOnsent shall not be unreasonably
<br />- withheld,or unless extenuating ckcumstances exist wlifch are beyond Borrower'S Control. Borrower shall not destroy, damage or Impctir
<br /> • the Property, allow the Property to deteriorete, or CommR westo on the Property. Bottower shell be in default M any foAelture flCtbn or
<br /> proCeetling,whether CNiI or criminal, is begun that in Lender's good�aith judgment Could �esult n for�e�ture ot the PrOperty or otherwlse
<br /> o,,. .m curh a dafault and
<br /> � materially imp(ik the lien createG Dy IniS Securny mstrumeni or �n���d�'S 5oi.u���i «�o o�;. �••:�'�=' •"•=% �=_ ___ —._-_-_ -
<br /> - reinstute, as provided i� peragraph 18, by cIIUShg the actfon or proCee�l�ng to be dismiSSed wlh a ruling that, in Londer's good fafth �
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<br /> - dete�minaGOn, precludes �orledure ot tho Borrower's interost in the Property or other material mpafrmont ot the lien created by this �
<br /> -. Security Insirumeni or Lender's security u�terest. Borrower ghall elso be in def8ult if Borrc�wer, durmg ihe loan epplic3tion proCess, �
<br /> T gave materially tal5o or inaccurg�e informflUOn or stetements to Lender (or tailed to provWe lendar wdh any meterinl informatfon) M
<br />= connecUOn with the loen evidenced by the Note, mcluding, but not limiled to, representetbns Concernmg BOrrOwar's occupflnCy 01 the �
<br />� Property as a prmc�pal residence. If this Secunty Insirument is on A leasehold. Borrower sha�l comply with all the provisions of the
<br /> ieaso. If Borrower acqmres �ee t�lle lo Ihe Property, the Ieasehold and the fee Gtle Shall not morge unless the Lender agiees lo the �
<br /> merger m wrding. �o�m d07B 9id0
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