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<br /> Borrower's escrow account untler the tederal Real Estate Settlsment Proceduros Aot ol 1974 as amendod from tkne to tlms,12 U.S.C. :::�' �-�
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<br /> � 2601 et seq.("RESPA"), unlees enothor bw that rppllea to the Funda aete a ksaer amount. If so,Lender may,at any time,coifect ind , -
<br /> holtl Funds In an amount not to exceeC the lesser ampunG Lender may estfmate the amount Of funds due on the basls o} curcent data ��',`°°�':
<br /> and reaaonable estknatos of expenditures of luture E6crow Items or othenvise In accordance with opplk;able Inw. ''
<br /> The Funds shBll be held In an Inatitutbn whoae deposita are Insured by a federe,l egency, Inetrumentailty, or entity (Including ' -
<br /> Lender,B Lender Is such an hstitutlon)or In any Federal Home Loan Benk. Lender snail epply the Funds to pay the Escrow Ilems. :,
<br /> . Lender may not oharqe Borrower lor holding and appryl�g lhe Funds, annually analyzing the escrow aacount, or verityhg Ihe EsCrow _ =;'tR.
<br /> :� Items,unless Lender pays Bortowx Mlereat on the Funde and eppl�able lew permits Londer to make such a charge. However, Lender , ___�+'
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<br /> may require Borrower to pBy 8 ono•time Charpe for an Independont real eet8te tex report�ny eervk:e usetl by Lender i� conneCtlon with -
<br /> � � thls lofln, unless 8pplbable Iew provides�thervvlse. Uniess en aqreement�s made or appliCabfe taw requkos Intorost to be pflld, Lendor � .:,v_
<br /> �j� shatl not be requlred to pay Borrower any Intar�st or eaminqs on the Funda. BonowK�nd Lond�r may aprN fn wrRinp, howsv�r,that � :f:=--
<br /> ;,�� nterest shaY be peld on the Funds. Lender 8hall pNe to Borrower, wkhout charye,an annual acoountlny of the Funds, showlnp (
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<br /> �^""`'''� credits and debits to the Funds and the purpase tor whbh each debR to th� Funds wes made. The Funds are pledyed as addRbnol =�_--
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<br /> security for all aum6 seoured by thls Securky Instrument. !�
<br /> If the Funds held by Lender exce�d the amounts permitted to be held by appllcabla law, l.ender shau acaount to Bonower tor the ���' ���F.
<br /> exces8 Funds In acoordance wlth the nqukemsnts of applbebb Inw. II the amount of tho Funds held by Lender at flny Iime Is not .�,� F.='`-- ,_
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<br /> suttfalent to pay the Eacrow Itema when dus,Lender may eo notHy Borrower h wrkinp.end,h suah case Borrower shall psy to Lender � �`l.
<br /> the amount necessary to make up the defblency.Bonower shail make up the deflo{ency in n� more than tweNe monthy payment6, at � __-_ _,
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<br /> Lbnder's sole discretlon. "
<br /> Upon payment In full of ell sums secured by this SecurRy Instrument, Lender shaA promptty refund to Borrower any Funds heW by �,-
<br /> ,. � Lender. If, under paragraph 21, Lender shall acqutre or sell the Property, Lender, prior to the acquisnlon ar sais of the Property,shall G:_.
<br /> � apply any Funds held by Lender et the Ikne of acquisitbn or saie as a credR ayehst the sums secured by thls Securiry Instmment. �;°:—.
<br /> 3.Applicetfon of Paymente. Uniess appl�abie law provldes otherwlse, aN payments recelved by Lender under pareprephs
<br /> � t and 2 shall be applled: fkst, to any prepayment charpes due under the Note;second, to nmounts payable under paragreph 2;thkd �-'��
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<br /> ' to Interest due; fourth,to princ i pa l due;an d l as t,to a ny l a t e a h a r q e s d u e u n d e r t h e N o l e. �.�
<br /> 4.Chargea; Liena. Bortower shaN pay all texes, essessments, oharqes, flnes end knposNlons attrfbutebte to the Praperty �:
<br /> � whbh may attaln prbrky over thls Security Instrument, and Ieasehold paymonts or pround rents, M any. Bortower shaN pay thess
<br /> oblfgatbns In the manner providad In paragraph 2, or if not paid in that manner,Borrower shsll pay them on tlme dVectiy to ihe person �.��.
<br /> ?� owed payment. Borrower shell prompty fumish to Lender ali not�Ces of amounts to be pald under this paregraph. If Bonower mekes �
<br /> � these payments dPectly, 8orrower sha0 promptly Iurnish to Lender recelpte evidenchg the payments. _
<br /> � Borrower shell promptly dlscharge eny Ilen wh�h has priority over thls Se�:urpy Inslrument unless Borrower: (a)agrees in writinp to
<br /> � the payment of the obligatlon secured by the Ilen In a manner acceptable to Lender; (D) contests In good faith the Iien by,or delends
<br /> against enforcement of the Ilen in,legal proceedinps whbh in the Lender's opinlon operate to prevent the entorcement of the Ilen;a (a)
<br /> � � secures from the holder ot the I�en en agt9ement sfltlstaCtory to �ender subord'naiirry iF'�6 iinr� io ih�� �ecurl��r �nstrurrs�t. !! i.tndw
<br /> determines that any part of the Properly I& SubJeCt to a Ilen whfCh may attaln prlorNy over thls Securfty Instrument, Lender may qive
<br /> Borrower a not�e IdentHylnq the den. Bo►rower shall satlsty the Ilen or take one cr mae of the aCtbns set torth above wllhln /0 days
<br /> of the gNing of notbe.
<br /> ' 6.Hezard or Property Inaurenee. sonower ehtll keep ene knprovements now oxiss�ng or nereaner erected on cns
<br /> Propeny Insured eyalnat loss by fre,he:ards included wRhh the tarm "eMended covereqe'and any other he�srds, Inciudhp floods or
<br /> floodlnp, (or whbh Lender requkes Insurance. Thls haurance shell be matntQlned In the amounts and tor the periods thet Lender
<br /> requir9s. The hsurance carrler provbYig the insurance shall be chosen by Bortower subJeot to Lender's cpproval whbh 6ha11 not b9
<br /> unreasonabty withheld. If Borrower te�s to malntaln coverage described above, Lender may,at Lende�'s optlon, obtain coveraye to
<br /> protect Lender'S righls in the PropeRy n BCCOrdanCe with par8greph 7.
<br /> AY InsurBnCe policies and reneweK Shall be acCeptable t0 Lender and shall hClutle a standerd mortgage clause. Lende�6hall have
<br /> the right to hold the polic�es and renewals. If Lender requkes, Borrower shae promplly qive to Lender all recolpts of pald premlums
<br /> h en� renewal not�ce�. In the event ol loss, Borrower shail qNa prompt not�e to the fnsurance cert�er and Lender. lender may make
<br /> :z proof of loss tf not made prompty by Borrawer. �
<br /> :' Unless Lender and Borrower otherwise apree in wr(tinp, Insurance proceeds shall be applfed to restoratlon or repatr oi lhe Property
<br /> � damaged, M the restoratbn or repalr is econombaily feasWle and Lender's seourfty is not lessened. If the restoratbn or repaM Is not —
<br /> econom�caNy feasfble or Lender's securfty would be lessened, the hsuranCe proCeeds shell be appl�ed to the sums secured by thls _
<br />- � SeCUrdy Instrument, whether or not then due, wfth ony exCes6 paid to Borrower. If Borrower abandons the PropBAy. or does not
<br /> answer withh 30 days a notlCe from Lender that the hsuranCe Carrler has oBered to settie a clalm, then Lender may collect the
<br /> '� i�surence proCeeds. Lende� mey use the proCeeds to repak or restore the Property Or to pay sums seCur6d by thls 3eCUrity
<br /> , . InstrumenL whether or not thsn due.The 30•day perlod wfll beg�n when the notlCe is gban. --
<br /> Unless Lender and Borrower otherwise agree in wrlting, any applfcaticn of proceeds to princlpal Shall not extend or postpone the
<br /> tlue dete ot the monthly peyments referred to in paragraphs t antl 2 or change the emount of the payments, II under peragraph 21 �±,
<br /> the Property is aCquued by Lender, BorrowePS right to any insurance policies and proceeds resulting from damage lo the Property prior i -�,____
<br /> to tho acqulsftion shall pass to Lender to the extent of the sums secured by this Security Inst�ument Immodiately prior to the
<br /> ecquiSR�on. �:"•-
<br /> 6. Occupancy, Preservetion, MalMenance and Protectton of the Prope�ty; BorrowePs Loan
<br /> , Appliegtion; Leeaeholds. Borrower shall occupy,establish,and use the Prope�ty es Borrower's prtnc�pai resldence wRhln slxry
<br /> days eker the execulion of this Securqy Instn,ment and Shali contlnue to occupy the Property as Borrowers princlpal resldsnce lo� at ,
<br /> least one year after the date o� occupancy, unless Lender otherwise agreas � wr�ing. whiCh consent shall not be unreasonaby
<br />- - withheld, or unless extenuat�g cBCUmstances exlst which ure beyond Borcower's control. Borrower shall not destroy, damage or MpaU
<br /> � the Property. anow the Property to deteriorete, or commft waste on the Property. BOrrower shaN be In default if any fuAeiture aCtbn or
<br /> ! p�oceeding,whether civfl or criminal. K beAun ihat in Lender'S good fafth judgment CW�d result in forteituro ot the Property or otherwise
<br /> .� mueorullv imnair the lien created bv Ihis Securi(y Instrument or Lender'S SeCUrlty Nlerest. Borrqwer may cure SuCh 9 tlBfauA and
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<br /> remsmte, as provided m paragraph t8, by causmg tho action or proCeetling to be d�smissed with a ruling ihat, in Lender's good f8ith
<br /> � dete�mNalion, precludes forleiture ol Ihe BorrowUr's �nterost in the Property Or other meterial impairment of the lien created by this
<br /> I Secu�ay Instrument or Lender's securdy interest. Bo�rower shall also be In default A Borcower, during the loan appllCatbn praCess,
<br /> - I gave materially Ialse or inaccurale inlomiatlon or statements to Lendor (or tailed to provide Lender with any mater181 Inlormatbn) In
<br /> , connection with Ihe ban evidencod by the Note, Including, but not limited to, represe�tetions concernfng Borrower's occuDancy of tho
<br /> Property as a prl.�cipal residence. �I Ihfs Security Instrument Is on a leasehold, Bortower shell comply wlth ell Ihe prov�lons of the
<br /> lou�o. If Borrower acqufres tee Ilile to the Proparty, the basehold and the fee t�tle shaM not merge unless the Lender ag�ees to the ;
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<br /> merger in writ�ng. Fa�,., aose oroo �
<br /> 1�070 LMQ 1�0�07) Paqo?ol 5 �
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