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<br /> . . .t"�;-i.``�.`s r.i'��'
<br /> Thc Fundx ,hail bc hcld in un imtitution whoxc dc}x�+ils urc intiurcJ hy a tidc�ul a�:cncy. in,trurnrmaliry, ur rntiry •,,+..;�..::•<<,_
<br /> (inrluding LcnJcr.if Lcndcr i�,uch un in.titutinnl ur in any Fedcral Hunu l.uan Banl,.L�nJcr �hall apply thc Funds t�,pay thr ._ .
<br /> E�rrow Itcm,.I.cnJcr may nu[rhargc Bnrrc�w�r for h��IJin�and applyinE thr f�uixl�. annually un:tlyling th��sCl'uw arcnwit.ur�t� . , .,:;.•;;
<br /> vrrityinr thc E�rruw Itcm�. unlcs,Lcndcr pay+ Bc�rru�cr i�ilcrr�t un thr FunJ+ .u�l u��hraMc lins �crnul.I.cnJrr tu makc tiuch��� .
<br /> a rhurgr. Hawc��cr,Lendcr may rcyuirc Burrciwcr tu pay a imc-timc rhargr liir �n InJeh4'flJi�ll r�ul Csl:lt�tax rcp��rting��rricc �
<br /> u.cJ hy L.cndcr in runncrtion wilh lhi, luan. unlcti:+ ap}�lirahlc la�� pruriJr� utlicn�i���. I.lnle�, an at:rccmcnt i+ madr ur ,
<br /> applicuhlc law rcyuires intcrc+t ta hc paid. Lrndcr+hull ix�t Ix rrquircd to puy Born���cr uny intcrr,l ur carnin�ti cm thc Fund�. W .,
<br /> Bcirruwcr and LenJcr may ugrcc iu ��•ritin�. Iwwcvcr. tlwl intcrctit ,hall hc paii.l un tlk Fuixlti. I.�ndcr �hall �ivr [u Burrc,wcr. Cj ., , •�
<br /> without char�;c, un annual ucc��untin� oC th� Fundti. �hnwing crcdit�und drhit, io tlx t�ui�l� and thc rurpu�c f��r which �,ich r_
<br /> dchit to thc Funds wu� madc.Thc FunJti arc plcagcJ ati aJditiunul sccuriry f��r ull sums+ecureJ N�this Srcurity In�truntcnt. rT'��..
<br /> if lhe r•u��d�i,�ia �,s �.��,a�r�K«�a cn�.i�ltc�unl� (xntiilltd In hc hrlJ hy applir:ihlc l:�n. L�n�lcr tih.tll .tccuunl d� Burruwcr • _
<br /> for[h�;cxcc+s FunJs in ucc��rdunrc with thc rcyuircmeni���f appliruhlc law. If th�unr�unt nf th� I�und.hcld hy l.�n�1�r at any t�.
<br /> . time is ncn suf`tcient to pay the Esrro�v Items whcn due.Lendcr may.ru nutify Bam�wcr i n�s�riting.and. in hurh ra+e Borrowcr ,� , ;;�����}
<br /> .�-,.. •_
<br /> . �hall pay to I.cndcr thc anwunt n�cc�}ury ta mukc up thc dctiricnry. Burcaw�r�hall mukc u�ihc dcflcirncy in nu morc than •• , '".a; t,
<br /> twclvc monthl . ' ���y
<br /> Y Puymcnt�, ut l.rndcr'�+olc disrretion. ,,;�'�.�"'_-.'�
<br /> Upan paymcnt in f'ull nf aU sum� �ecurc�i by this Sccurity Instrumcnt, l.cndcr�hall pr�nnpUy rclund tu Burruwcr any � ,°:-��'"� -
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<br /> Funds hcld hy Lendrr. If. unJcr paragraph 21, l.ender+iwl l acyuirr�rr sell the Properiy. Lcn�l�:r,pri��r tu thc aryuitiitiun or salc '�[�y�----_-!__-
<br /> I uf the Propctty. �hall apply any Funds helJ hy I.endcr a�the time uf arquisi�ian nr tiale u�a rrcdit aE:iinst thr sunts xe�ureJ hy *.--'=-______
<br /> thiz Security Instrutnent• �,:---
<br /> ; 3.Application of Pucmrnts. Unlcti�applicahlc la�c pravi�.ir.othorwi,c.a[1 p:ry rncnt�reccivc�i by Lrnacr undcr p.iragraphti ::.�.
<br /> • I and 2 tiliall bc applicJ: lir,t. tu an�, prepaymcnt rharga duc undcr thc Nutc: ,�r��nd.ta,ama,unl�p:�y:ihlr undrr paragr.iph 2: �:. .�,_�
<br /> �.i___
<br /> third,to interest due: fourth,tu pnnr�pal due;and last,tu uny lute charges Ju�utxler dk Nuic. •„___
<br /> " 4. Charges:Llens. Borrowcr shull pay all taxes,assessments, charges, fine�anJ irinpo.itians attributable to thc Property .,.�:;r+„�.,,.,,
<br /> ,' which may attain priority over this Sccuriry lnstrument.und le�.tiehold payments or ground rents, if any. Borrower shall puy ��;,`'�.•'�-
<br /> � thcsc obligatiuns in the manncr provided in paragruph 2.nr if uot paid in thut munner.Barn�wer shall pay them on time direcdy '��.'�'�
<br /> " [o the penon uwed puyment.Burrower shall prompdy furnish tc,f,encier all noticcs c�famoun[ti to be paid under this pUragraph. � ; -}
<br /> If Borrc>wer nwke�these payment,directly,Borrower shall promptly furnitih tn I.ender receiptti evidencing the puymcnts. . t:.;:i:::,
<br /> Borrnwer shall prumpdy elischarge any lien which has prioriry ovcr thi,Security Instrumen�unle.s Borrower: la)ugreeti in :�r.�"4;
<br /> writing ta the paynxnt of[he cihligation�ecured hy the licn in a manner acceptuhle tai Lenekr; (hl c�mtests in good faith the lien '�";�;�: �
<br /> � by, or defends ugain�t entiireement of the lietl in. legal procreding; whirh in the Lenckr'ti upinion uperate to prevent the `;�;:
<br /> enforcement oF the licn;or Ic) secures from lhe hold�r nf the lien an agrcement sati�:fxtc�ry•ii� Lettder subordinating the lien to �,':��t�,.
<br /> thiti Security Intitrumcnt. If L,cndcr dctcrmincs that uny part of thc Pn�perty iti suhjccl tc� a licn which may attsin pric�riry ovcr :
<br /> thiti Sccurity Instrument. Lcnder may givc Borro�ver u n��tirc identit'ying thc lien.Burrowcrsl�all satisfy thc lien or tuke onc or ��';:�,�
<br /> �• more oF the ucti��n.set forth abovc within 10 duys cif thcgiving of nc,tirc. ,,�,.,. - -
<br /> S. Hazard or Property Insurance. Borruwer slwll kcep thr itnpravcmcnl� now czisting on c�rcafter crccteJ on the ;�4,w;�.
<br /> - Property insured against lu�s by fire, hurards included within the term "extenaed coverage" an�i any e�thcr h:�:►rds, including { ��"'-
<br /> ° floodti or flooding.fi.r which Lcndcr rcquires in,urancc.This insuruncc tihull hc muin�ain�rl in ihc amcwnt�and for thc periczd� ':� •�_
<br /> that Ltnder rcyuireti. The insuranre carricr providin� the insuranre�hall be choset� by BaruH�cr subject to Lender's approval �� ' � <��.-
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<br /> �- which tihail nut br utucawuatly :tithhCld. If Ba:s'tt:.�e�f:.lil. t,�m,�intain rcrv��racc dc,rrihccl abovc. LrndCi ntuy.at I.endCl''ti _ _ ,',�:
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<br /> option,obtain rovera�;e to pri�tect L.cnJer's rights in the Property in:�ccordancc with paragr�pl-i 7. ;�g
<br /> All insuranrc p<�lirics und rencwuls xhall bc arccptablc tci Lender and tihall i nclucic a titandard mortgage clause. Lcnder ±3_.�•_
<br /> shall have the right to hulJ the policic�and renewals. IfLcnder rcyuires, Burrowcr �hall pnxtipdy give tci [.ender ull receipts of t�:_
<br /> paid premiumti und renewul noticeti. In tiu cvent of Ic��+,Borrower�hall give prompt nnt ice�c� the intiuranre currier and Lender. '"�!.
<br /> • , ftl'.
<br /> Y Lendcr ntay makc proof of I��ss if not madc promptly hv Bc�rrowcr. =�'
<br /> Unicss I.�nder und Aurruwer otherwitic agrce�n writing. in+urancc proceed+shall he;�plicd to resturution or repair of the � �h'
<br /> Property damaged.if the restoratiun ur repu�r is econ•�rnicutly feasible and Lender s snurity is not Ie�sened. If the restoration or - .
<br /> repair is nut econamically ieasible c�r Lender's security w�wld he lessened, thc insu�ance�proceais shall be xppliul to the sum+
<br /> serurcd hy this ScruPity Instrumcnt, whcther ur not then dur, with uny exces�p:.►id t�� &�r� �w.er. If Borrowcr abandons the
<br /> Property,or Jocs not answer within 30 duys a notire Gom l.rnJer thut the in�,urance curricr h,u c�ffered to.ettle a rlaim, thcn ��--_
<br /> Lender may collcct thc insurunce proccuis. Lcndrr may use th� proreeds to rcpair or rc+torc the Property or to pay sums ��
<br /> secured by thi�Security Instrument,whcthcr or not tiicnduc.The 30-day periud wi{i be�*inwlun the notice�s given. ,
<br /> Unless Lender und Bnn•awer ��thenviu ugree in writing, any applicatiem c�f pructtds to prinripul shall eot extend or �
<br /> piistponc thc duc dutc c�l thc monthly paymcnt,rcfrrred u�in purugruph� I unJ 2 nr changc ihe amount of th� puyment,. If __
<br /> under paragraph 21 the Property is aryuired hy Lcndcr,BorroH•er'ti right to any intiuraneepe�licics and prcxecJs resulting from �AY
<br /> damage to thc Property priur to the acyuisiticro shall pa+s to l.cndcr tc�thc rxtcnt nf thc sum+tic�vreJ by this Scrurity Instntment �._
<br /> immediatcly priar ti� thc acyuisition. ^
<br /> 6. (kcupflncy, Pr�servution. Maintenance and Protection of the Property; Borrc��rer's Lc�an Appl{cation;I.euseholds. �:`y
<br /> Borrowcr shall occupy,cstubli,h,and usr ttte Pru(krty a+ Borruwcr's principal rc+icicn�c with in.i xty Jays aticr thc cxccution of �"'�-�
<br /> this Security Imtmmcnt und.hall continue tu ��rcupy �he Propeny as Bc�rrc�wcr'�princi pal residrnee fiir at Ieast e�ne year after
<br /> thc dute of�xcupancy,unlc.� Lcndcr otherwise a�ree.in ariting, which ronsen�slwll nen he unreasonably withheld,or unles� �'v
<br /> extenuatin�: cirrumst.mces exitit whi�h arr bey�md &irro���rr'� cuntrul. Borrnw�r shull nc�t Jr�troy, damage ar impair the —__ ___
<br /> Praperty, ullow th� Pruperty tu Jctrriuruc, or r��mtnii watitr un thc Propcny.B��rrnwcr�hall hc in def'ault if'any fi�rf'citurc •t�.
<br /> action ur prorceding. �vhcthcr rivil ur rriminal. i�hrgun that in Lcndcr',guud laithjueigmcrn rcwld re�ult in fc�rlr�ture��f thc ` .:1�4.,. ., ��,
<br /> Yroperty or athrnvitir materially impair the lirn creatrJ hy Ihi,Srcuriry Instrunxnt ar LenJer's scrurity intere�t. Borruwer ntay �� �;,._
<br /> cure such a dcfuult and rein+tatc.u+providcJ in paragraph I8. hy rautiing thc uciiun ur nnkcc-Jin�tu br di�miti�ed with a ruling , �;��r,;t��k , r':
<br /> that. in Lcndcr'.gc�od laith dctrrmination. prcrludrs lorlcitur� c�f thc Burr��wcr',int�:rc+t in thc Yroprrty ur ��thcr m:�tr,ial • , x. • .
<br /> impairmcnt uf thc licn rrcatcd hy thi, Scrurity Imtrumcn���r LcnJcr'� +ecurity intcrc�t.Bc�rruwcr shall alru bc in Jrtault if' '�:��
<br /> � • clurin�thr lu.tn a liratiun �rurr+�. ga�•r m:�tcri:dly I:dtic��r inucrur.Uc inlim»auun ur �tatrm�nt.t�, LrnJrr Inr lailcd '�..��si_
<br /> l3orn w�r, � pp 1 •
<br /> � tu pruvid� Lrn�lcr with:tny matrrial int�c�rmatiunl in r�mncrliim���ith thr lo.m �eklcnccd h}•Ihc Nutr. inrludiug. hul nul limitrd • °',.•�,
<br /> I to. nprc�rntatium a�nrcrnmg Burru��cr',��crupancy uf thc Pri�perry ati a prin�ipal residcikc. If this Sccurity Instrununt is un a �
<br /> I IcatichcilJ. Horrua•cr shaU r�,mply with all thr prcivi.i��n� uf ihc Irasc. U Borruwcr acyuires fec titic tu thc Property. thr
<br /> � Irauhold anJ thc I're tidr�halt nut mcrgr unlcti�IAn�lcra�rers to thc mcrgcr iti�vriting.
<br /> I 7.Prot�Ytion uf l.ender's Ri�;hts in the Yropert�•. 1 f Bc�rro��•rr t:iil�tu perli�rm�hc:cnv�iu�it.an�l agrccments cuntaincd in
<br /> thi� Scrurity Inswment. ar Ihrrr i�a Irgal prcirrc�fing lhai may tiignifirantly all'r�l Lrndcr'�ri�,h�� in thc Proprny l.u�h ati a
<br /> prorccding m hankruplr}•. pr��hatr. for runJcmnati��n nr ti,rfciturr or to cnlirrrc I:s��•c•r re�_ulati�,m1. thrn l.rn�lcr nury du and
<br /> l pay for �vha�r��rr i� nr�r�tiarr t�, pmt�rt thc v;du< <�f ihc Pr��prrty and Lrndcr'� righl� in thc Proprrh�. l.rndcr'.artion, may
<br /> tnrludr payin� an�• wm� +ccurr�l hp a licn whirh hati priurny ovrr thi� 5ccuriq I ndrunxnt. appcaring in cuurt. paying
<br /> J rr:u�,nahlc au�,rncy�' Icc�and rntrrin� c,n thr Proprrt�i�• makc rrpair,. Allhc�ugh I.cn�icnn:��•iakr artiun undrr thi.paragruph . '
<br /> ' 7. I.CnJCr i1uCti nul ha�•r lu J�����. --- ---
<br /> ; Anr anuiuui. di�hur+r�l hy Lrndrr undrr �hiti p.u:�graph 7 .hall hrc�irix uclJitic,nal dcht uf Iiurru��•cr tircured hy thi�
<br /> Srruril� ln�lrutncnt. linlr�• Bnrru�rrr ,uid Lrndrr ugnr tu��thcr trrnn�,I'pa�rori�t.ihv.canH�uttt. �hall hcar unrrr,t Irum Ihr
<br /> ! ilatr ul di.hm•�.mctit at thc Nutr ralr anJ .hall hr pa�.�hlc. ��•ith intrrc.t, u��n mNi�•rin�m [.cndrr lu f3��rr����•rr rcyu�+ting
<br /> � pa�•mcnl.
<br /> S. 11uM�u�;c In�uruncc. 11 LenJrr rcyu�rrJ nu�riga�r fn>ur.inrr a�a.un�Gunn ol tna�itig ilir luan.rrurr�l h� thi�tircurily I
<br /> � In,u�umrn(, 13�,rru��rr .hall pa� Ihr pr�•mium� icyuiml t�,mafnt:tin thc murtgaEc m.iu:mc�m rllcrt. ll. Iur am ica.nn. thc I
<br /> m�,rt�ta��• in�uranrr �•u�rra�r rcquirr�l 1�� L�n�iir I:i�„c�urrca,cti ln h� in rft�cil. Hun��i��cr .h;dl p;i) thr prrmiwn, rryuire.l t��
<br /> �,hl:un ru�cratr,uh,lanti::ll� .yui�:ilrnt tu thr mnrt�ag� in.uran�•r �n�r�•f�,u�h mrflcrt. aia ru•,t ,uhtitantially rywval�nl lo thr
<br /> iu.t In I��,rrrn�rr„1 Ihc murl�.a�r in�iu•anrr ��rr�wu•h in�tticl. Innn an al1.m:�lr niunE:i�.c in,urrr a{�prm•r�l h�• I.cnJcr. If
<br /> ,.,,,,;,,, , Form 3028 9/90
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