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<br /> Bortower's oscrow account under th�federal Real Esuto SettMm�nt Procsduns Aot of 1974 as amended hom tNne to tlme, 12 U.S.C. ::i.':'l--
<br /> � �_y,�t.i�.a(l�X
<br /> 260t�et eeq.('RESPA"), unlesa another law th�t nppiks to the Funds eets a bseer amount. If ao,Lender may, at any time, collect nn �
<br /> - hold Funds „an amount not to exceed the Iesser amount. Lender may estknate the amouM of lunds due on the basis of current deta •'•��fi>?.�a:.:
<br /> �p °r'�':S�lt
<br /> and reaeonable estimatas ot oxpenditures of future Escrow Items or otherwiae h acoordanco wRh applbab{e�eW � ,.. ,
<br /> • The Funds shall be held In Bn hstftutlon whoso deposite aro hsured by a tederai agency, inslrumentallty, or entity (Includhfl I
<br /> Lender, d Lender Is suoh an hatitutlon) or In any Federal Home Loan Bank. Lender ehan apply the Funda to pAY the Escrow Items. � . .
<br /> �� Lender may not charqe Borrower for hoidlnp and applyln9 the Funds,annually analying tho escrow eccount, or verifyinp the Eacrow � y _
<br /> items, unless Lendor pays Borrower IntereSt on the Funds and uppl�able law Permits Lendaz to meke such a charge. However,Lenda � ;�
<br /> . mey requke Borrower to pay e one�tkne charqe for an independent real estate tax repertfnq senice used by Lender in ccnnection will � ,1�' i.; _
<br /> this�oan, unless eppl�cuble �ew provides otherw�se. Unl�ss an a9reament Is rt+ade or applkable law �equkes Interest lo be peld,Lende „+
<br /> s h e M n o t b e r e q u k e d t o p a y B orrower an y interest or earnfnps on tho Funds. Borrower and Lender meY agree In wrfting, however, t�e ��
<br /> Interest sht�l be pald an the Funds. Lender shall pNe to Bortower, without Charpe, an nnnue i a c e o u n t h g o f t h e F u n d s, ahow�l � .,..,���.-, :1, ,
<br /> � = :•�r: ;ri. � ..._
<br /> '"�' � credita and debits to the Funds and the purpose for whbh each debR to the Funds wa8 made. The Funde are pbdped aa addRione -'y 4 Y+r^;;'
<br /> . . •'� ` '°�,:.�`„� �:.. .,
<br /> security tor aA sums secured by this SeCUrfty Instrument.
<br /> " � It the Funds held by Lender exceed the amounts ps►mkted to be held by applfcabte law. Lender shall aacount to Borrower for the '-s;:���� ,�•:�-
<br /> � � excesa Funds In accordance wRh the requkements of applfcabte law. If tha amount of the Funds held by Lender et any ttme �s not 3�*i?�' � �a+�4
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<br /> ' �uH�ient to pey Ihe Escrow Items when due,Lender may so notiy Borrower In wrftinB, and,In suah cese Borrower shall paY to Lender u�' ►�—
<br /> ' Qhe amount nocessary to make up the detfalenoy.Borrower Sheil make up the det�iencY fn no more Ihan tweNe monthry payments,at ���
<br /> Lender's sole dlscretion. �a�;�.
<br /> � Upon p9yment h full of all sums secured by this SeCUrity Instrument,Lender shall promptry refund to BoROwer eny Funds held by :Tt�:-
<br /> rlor t01he aCqu15Abn or sele of the Property, 6he11 �'��=—
<br /> Lender. If,undtx paragraph 21, Lender shall aaquire or seli ihe Property, Lender,p r�_=—— _
<br /> � r � apply any Funds heid by Lender at the t�e of acquls(tbn or sale as a cred'R egalnst the sums secured by this Securlty Instrument. ��__�
<br /> 3.Applicetton of Payments. Unless appl�cable law provldes otherwise,al! payments receNed by Lender under paragraphs �
<br /> t and 2 shall bo appUed: first, to any prepayment charges due under the Note; second,to amounts Payabte under para8raph 2; third ��``Qn�
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<br /> � to hterest due;tourth, to pnc�►pal due;and last,to any iate ohargea due under the Note. �_�"`--
<br /> � 4. Charges; L�E118. Bonower shall pay all texes, essessments, charges, ftnes and ImposNbns attributable to the Property
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<br /> whiah mny attaln prbrity over this Seaurity Instrument, and Ieasehoid payments or ground rents. d nnY• Bonower shau pay these �.;---
<br /> ��� obligatbns In the menner provlded In peragreph 2, or H not pald in that manner, BortowerahaA pay them on tkne dkectty to the pereon
<br /> owed payment. Borcower shail promptly tumish to Lender aN not�es of amounts to be peld under this pera9raPh. If Bonower makes �;�',._�
<br /> � these payments dkectly,Borcower shall promptly tumish to Lender receipts evldenaing the PBYments. _V__u
<br /> � Borro�ver shali promptly discharge any Iien whbh has prlority over this SeCUrity Instrument unless Borrower: (a)agrees In writkp to --
<br /> the peyment of the oblqetion secured by the lien in a manner acceptable to Lender; (b)contests in good faith the Ifen by,or defends
<br /> � � agalnst enlorcement of the 118n In, Iegai proceedings wh�Ch In the Le�der's opinfon operate to prevent the entorcement of the Iien; or(c)
<br /> secures trom the hoider of the Ilen an agreement satkfactory to Lender subord�^t'fg over I�thist Security nstrument,uLender Imaye g e _
<br /> � determines thet any part of the Property �s suojeci io e ��� whtih �s'.�Y 8��� �' Y _
<br /> Borrower e not�e IdentHying the Ilen. 8ortower shail satisfy the Iien or take one or more of the actans set forth abuve wfthin 10 tlays
<br /> of the pfviny of notlCe.
<br /> b. Hnzard or Property Inaurance. Borrower shall keep the Improvementa now existing or hereafter erected on the
<br /> Property Nsured aflainst loss by fke, hazards included wkhin the term "extended coverape" and any other harards, Inaludhp fbods or -- —
<br /> iboding, for whiCh Lender requkes insurance. This Insurance shell be matntalned in the amou�ts and tor the perlods that Lender
<br /> ' t requkes. The k�surance cercier providhg the Insurance shall be chosen by Bortower subJect to Lenders approvel whbh 6hall not bo - �-
<br /> unreasonably withheld. If Borrower tails to mafntah coverape described above,Lender may,at Lenders option, oblatn ooverape to
<br /> protect Lenders rights In the Property In accordance wflh peragraph 7.
<br /> AII insurance pol�les and renewais shau be acceptabla to Lender and shall Include a stane a�rdLmo�rt9aae(�eipts of pald p elmiums
<br /> � , tha rpht lo hold the p0l�les and renewals. If Lender requires. Borrowor shall promptly g
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<br /> and renewal not�es. In the event of loss, Borrower shall gNe prompt not�e to the insurance cartier an d Lender. Lender mey ma e
<br /> proof of Ioss if not made p�omptly by Borrower,
<br /> ' � Un{ess Lender and Borrower otherwise agree In writing,insurance proceeds shall be applled to restoratlon or repalr of the PropeRy
<br /> � dameged,�P the restoration or repair Is economiCally feasfble end Lenders seCUrity is not lessened. If ihe restoratlon or repat► Is not —
<br /> econombaly feasible a Lenders security would be lessened, the Insurance proceeds shall be eOP��d to the sums secured by this
<br /> ��, Security Instrument, whether or not then due, wkh any excess pald to Borrower. If Borrower abandons the Property, or does not
<br /> }�;, answer wkhin 30 days a not�e from Lender that the insuranco carrier has oHered to settle a claim, then Lender may collect the _
<br /> � � Insurance proceeds. Lender may use the proceeds to repak or restore the Propem/ or to paY sums secured by this SeCUritr -
<br /> Instrument,whether or not then due.The 30-dfly perbd wIA begin when the notiCe�s g�•
<br /> � Unless Lender and Borrower otherwise agree In writing, any appllCallon ot proCeeds to principAl shall not extend or postpone the = `
<br /> R due date of the monthy payments referred to in peragrephs 1 and 2 Or Chango the emount of the Po�mtlama e to h�e PBOperty pria' � __
<br /> t ihe Property Is acqufretl By Lender, Borrower's right to any fnsuranCe po��c�es antl proCeeds resultkq 9 _
<br /> � `�.,.
<br /> to the acqufs4ion shau pass to Lender to the extent of the sums secured by this Security Instrument Immediatel� prbr to the :L���j�
<br /> a��,is�c�o�. Borrower's Loan f_-.��;;-��:---e--�'
<br /> 6. Occupancy, Preservation, Meintenance and Pratectfon of the Property; : .�a`+^` ,
<br /> c�•:
<br /> , Application; Leaseholds. Borrower shatl occupy, establlsh, and use the Prope�y as Borrower's principai residence whhin sbch �� �,�,
<br /> � days after the executlon ot this Security Instrument and shall oontlnue to occupy the Property as 8ortower's prtncipal resfdence tor al ,..¢�..,.�.y ;
<br /> least one year after the date of occupancy, uniess Lender otherwlse og�ees In wrqhg, v,hiah consent shall not be unreaaonabM _ �E��. ..
<br /> withheid,or unless extenuating circumstances exist wh�h are beyond Borrowors contrd. Borcowe�shell not destroy,damage or ImpaY
<br /> '� the Property,allow the Properly to deteriorate,or Commit waste on the Properly. Bonower Shall be fn defauR rt a�Y foAeiture aClion a
<br /> j proceedhg, whether cN��or criminel, Is begun that In Le�der's good ta�th Judgment could result In b�e�ture of the Property or otherwise
<br /> i malerially fmpair the lien created by this SeCUrity Instrument or Lender's security Inlaest. B�rtower may cure suCh a detauh and
<br /> _ . ,,,:.,.�„�e on nrnu�rlaA in o&rEO�aoh 18. bY CHU51ng the action or proceeding to be df5�NS56d with 8 ruing th&:�Qn b8�f�d0Qn51 a00ti fi�qd�
<br /> _ . .,..._...._. _- •- - . _ --•— __ _
<br /> � determinfltion, preCb�des forfedure ot the Borrower'S k�terest In the Property C�'
<br /> Or Oth6r materia� u�yo...�.6�'. �• •••- -- � � - - -
<br /> � Security Instrument or Lender's security �terest. 0orrower shall also be h de�ault �Borrower,during the loan app��cation process, f
<br /> , gave materieNy talse or neCCUrate info�mation or statements to Lender (or tafled to O�ovfde Le�der with any material informelion) n �
<br /> connect bn wi t h th e l oan evidenced b y the Nole, includ�ng, but not IMited to, represenlations Concerning wd hf nll t he pr o v l s ons at t e I
<br /> Property as a p��Cbal residence. II thls Security Instrument fs on a leasohold. Borrower shall cornPly I
<br /> lease. II Borrower acquires tee title to Ihe Property, the leasehold and the tee tRle Shali not me�go u��ess the Lender agrees to the
<br /> Fo�m ]078 B'00 �
<br /> merger in wrding. �
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