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<br /> . H�rrower'e�oscrow account under ihe tadael Neal Eetate Settlement Procedurea Act��874 ee nmended Irom ilme tn time, 12 U.9.Q. , ,
<br /> 2601 ct aaq. ('RE9PA"),unlo�o nn�lher law Ihat appllao io Iha Fundn anto a losocr nmouM, II ao, Londa� may, at nny Ume, colfect And .
<br /> hold Fundo In nn r.mounl nol to oxcccU Iho loaacr nmount. Lcndcr mav oa�lm�ta lho amount ol fundo duo on !ho baolo ol currcnt daln
<br /> nnd raeeonable estlmeloe of axpendlturos a1 tutu!a Eacrov�Itcmo or olherwlee In nccordnncu wlth nppllcahte law. ",
<br /> � The Funde nhell bo hetd In �n Innlflutlon whoee dcpoella nro hieurcd by a lederel n�{ency, inslrumentnllly, or cnllty (Including ,
<br /> Lender, If Londer le such nn Inotltutlon) or In ony Ferdernl Home Loan 6nnk. Lender ahe11 eppry Ihe Funde to pey ihe Eecrow Iteme. �� �
<br /> Lender msy nol cherge Borrower for holding �nd appiyinp ttie Funde, ennuelry�netyiing lho eacrow accounl, or valtylnp Ehe Escrow
<br /> Itema,unlose Lendcr peye Borrowcr Intereal on Iho Funde end eppllceble lew pe�mlte Lender to meke nuch e ohu�e. Howevar,Londer � •
<br /> may requlro 8ortower ta pey e one4lme cherpe tor�n Independent reul nsute tsx reporilny se+vlce uaad by Lender h� con�iectlon wRh �•
<br /> thla lom, unte�n eppllcable law provide�nihenvise. Unlesa en agreement la mede or�ppllc�ble Irw requlree Intereat to be patd,Lender
<br /> .. shnll nol be requlred lo pay Borrower any Interest or earnings on the Funde. Bortower end Lendar mey egrea In writing, however, lhet
<br /> , Intereel dhal! be peld cn the Funde. Lender ahell glve to Bortower, wilhout cherpe, en ennuei accounting o1 the Fundn, ehowing ,
<br /> eredile nnd de6lts to Ihe Funda end lhe purpose f4r whlch eesh debit to lho Funda wee mnde. The Funde are pledped ne edditional •
<br /> aecurlty lor nll sums secured by thia 8ecurlty Inetrument,
<br /> H the Funda held by Londe�exceed the amounte permHted to be held by epplicable law, lancier sl�eil secount lo eonower tor Ihe , � °
<br /> excese Funds In eccordence wllh the requlremente of epplicable Inw. II lhe emount oi the Funde held by Lender nt any time Is not , r' i<x� "•
<br /> �� sufllclent to pay the Escrow Items when due, Lender moy so notify Borrower In writin4,und,In auch cane Borrower shall pey to Lender � r ;,�;'���;�.��-_�
<br /> tho emount necassery to make up tho doticloncy. Borrower shnil mako up the deficlency In no moro than twolvo monthly poyments,et "
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<br /> Lender's soie dlscretion. �!-'�'--=�
<br /> Upan paymmt in tu� 01 ell euma eecured by this 9ecurity Inat►ument, Lander ehaH promptly refund to Borrowe►my Funda held by , �� � ,.�;�-
<br /> Lender. I1,under pern�eph 21, Lender ehell scqulre or aell the Praperty, Lender, prior to the�cqulsltion or saie o1 the Propertyr, sh�N _„3:'=
<br /> � npply eny Funda held by Lender et the time o1 acqulsitlon or ade aa e credit agcinet the oume aecure�by lhla Secudry Inelrument. �'•°�
<br /> 3. Applle�tlon of Payments. Unlese epplicebte law provides otherwise, dl paymenta recahred by Lender under paraqrapha '. . `
<br /> 1 end 2 ahell be applled: Oret, to any prepayment charges due under iho Note; aecond, to emountn pnyable under pernpreph Z; thkd
<br /> to Intereat due; fourth,to ptinclpal due;and last,to eny late c0ergos due under the Note. --
<br /> � �. Gh8rg88; LIen9. 8orrower eheli pey ali tnxes, assessmenta, charges, Ones end Impositlone ett�ibuteble to the Property v`'r`��"= f
<br /> whlch may atteln prlority aver thls Security Instrument, end leasehold paymenta or ground rente, If any. Borrower eheli piy theso F3� ^;.
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<br /> obligetlons In the manner provided in paragreph 2,or if not peid In that manner,soROwer ehall pey them on ttme dtrecty to the pexaon `!-"r-�:
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<br /> " �., owed peyment. Borrower ohall promptly tumish to Lender all noUcee o1 emounta ta be pald unde►lhla pemyreph. 11 BoROwer makea �r�'�?l° �
<br /> - j thesa peyments directly,Borrower ahali promptly iwnlsh to Lender recelpta evldenc!ng the peymenta.
<br /> �� Borrqwer shell promptty discharge any Iien��hich has ptiority over this Secudty fnstrument uniesa Bortower:(e) ngroea in writing to _ �'
<br /> �, the peyment of the obllgatfon secured by the Ilen In e manner accepteble to Lender; (b) contests In flood lalth the Ifen by, or defends � •
<br /> -- �- flge�nst enforcement o1 the Ilen in,legal procesdings which In the Lender's opinion operate fo prevent the entorcanent ot tne Ilen; or(cj
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<br /> secures from the holder of the Ilen an agreement satlatectory to Lender subordinetinfl tho Ilen to this Security Inetrument. N Lender "
<br /> . ; detertnlnea that any pert oi the Property la subJect to a Ilen whlch may attain prtority ovc,r thia 9ecurity Instrurnent, Lender mey gNe �
<br /> Borrower a notice Identilying the Ilen. Borrower ehall eetisty the Iien or takA one or more o1 the actlona set forth ebove wllhin 10 days
<br /> of the ghring oi nollce.
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<br /> � 5. Huard or Property Insurance. Bortower ehali keep the Improvements now existing or heroafter erected on the 1 ,"-
<br /> Property Insured agalnat loas by Bre, hazards included wlthln the tertn "exlended coverege' nnd eny other hezerds, Including flooda or �•
<br /> flooding, tor whlch iender requtros Insu�anco. Thia lneurencn sheli be ma�ntalned In the amounts end for the periade th�t Lender
<br /> ,. . requiros. The Insurance caMer providing the Insurance shall be chosen by Bonower subJect to Lender's approval which ehall not be
<br /> unreasonnby withheld. If Bonower tallg to melntain cuverege descr'.bed above, Lendcr may, et Lender'e opUon. obteln coverege to -
<br /> protect Lcnder'o dghts In the P►operty In accordance with pnragraph 7, � -�'�
<br /> ^-,� ••� All Insurance policies end renewals�Shall be accepteble to Lender and ahell Include e stendard mortgsge cieuae. Lender ehaN have _
<br />"`� ' the dpht to hold tha policle� and renewais. It Lender requlrea, Borrower ehalt promptty gHe to Lender nH recetpte o1 pald premlums _
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<br /> and renewal notices. In the event oi loss, Bo�rower ahall glve prompt nolice tn the Inauronce certfer nnd Lender. Lender mey meke —�
<br /> � _ proof ot lona it not mada promptly by Borrower.
<br />_ °�1��' Unlesn Lender nnd Bortower otherwtee ngree In writing,Inaurence procaeda ahall be eppfied to roatoretlon or repair of the Property ��.:_.
<br />'••��:�' damaged, (f the reatoretlon or repair Is economlcally teasible and Lender's secudty la not lesaened. If the reatoration or repalr Is not ��i:��-. �
<br />- 4 ' economicalhr feaalble or Lender's eecurlty woultl be lesaened, the inaurance proceeda ehell be applled to the suma secured by thia =,�
<br />-- • SecurHy Inatrument, whether or not then duo, with eny exce�s paid to Bonower, if Bartower abendono tho Prope►ty, or doea not f --
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<br /> r � • " anawer wlthin 30 daye e notice from Le��der that the Inaurance cerrier has oNered to serile s claim, then Lender may cotlect the - "-' -
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<br /> - , insurnnce proceeds. Lender mny use the procoeds to repelr or restore the Property or to pay sums aocured by this uecudty -_— - -���_
<br /> - ." Instrument,whelher or not then due. The 30•dny perlod wlll bogln when the notice Is glvon. __--- -_
<br /> Unleee Lender end Bortower othenvisa egree In wdtlng, any epplication o1 proceeds to princlpal ahell not extend or pootpone the �a��=��i�=�
<br />- `. due date ol the monthly psymento roterred to in pamgrapho 1 ond 2 or change tho emount o1 tho paym�ents. Ii under paragreph 21 �"'°'�'r�-
<br /> ���s thn Property is acquired by Lender, Bortower's right to nny insumnce policloa nnd proceeds resuiting irom damage to the Proaerty pdor �''' �
<br /> �} to the acquisltlon sheN pana to Lender to ihe wctent of the ouma secured by thls Secudty Instrument Immediately pdor to lhe ' . "'" "�•�+=�
<br /> � :,.a . �.�, a:.
<br /> acquiaftlon. 't'
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<br />- 8. Occupancy, Preservation, !Mleintenance end P►otectlon of the Proporly; BorrowaP'e LoAn .: °�; �!-
<br /> A�plieatlon; Loasoholds. OoROwer ehnli occupy, estabiish, and use the Property as Dorrower's pdnc(pal reotdence withtn sixty " " .1,,�''�;,;�.�
<br /> dnyo etter the execution ot thla Security inatrument and shall continuo to ��ecupy the Property as Borrower's pdnclpal ro3ldence for nt ,
<br />_ least ono yesr eRer tha deto ot occupancy, unlosa Londer othervvise ngrees In wdting, whlch consent ahali not bo unreasonebty
<br /> wlthheid, or unlesa exlenuating circumstances exiat whlch ere beyond Borrower's control. Bortower ehail not destroy, demage or impalr � �
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<br /> the Properly, ellow the Property to deteriorete,or commit weote on the Property. 8ortowcr shali be In dotauit II eny forfelture eotion or •
<br /> - _J proceedtng,wh�ther clvil or cdminet, ia bagun thRt In Lender'e good feith wdgment could resuit In torteiture ot the Property or otherwisa ___ _,_ ,_,���:__-;
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<br /> , materlally impalr the Ilen created by ihla 3ecuriry Instrument or Lender'a socur(ry Interes6 Botrowor may curo such a detault end I •� •
<br /> relnetete, ea provided In pnregreph 10, by causing the action or proceeding to be dlamlased wiih e ruiing thet,In Lende►'e good telth ;
<br /> , detertn�natlon, prectudea todefture oi the Borrower'e Intereat In ti�e Property or other meterisl Impelrment oi tha lien creatQd by lhls �
<br /> Sacurity Inetrument or Le�der's sacurtty Interast. 8orrower shal{ elso be in detault fi Lortower, during the loen eppllcatlon procase,
<br /> gave matedally fnise or Inaccureta Intortnetlon or atatements to Lender (or talted to provlde Lender wlth eny material information) tn �. . , .
<br /> connection w(th the loan evidenced by the Noto, Including, but nat Ilmited to, represontaUona concaming BorroNer's occupancy oi the .. ,
<br /> Property as a pdnclpal rasidenco. If thls 5ecuriry Inatrument Is on e Ieasahoid. Borrower shall compty Nith all tho provlslona ot lho
<br /> loane. If Borrower acqulres teo titla to tho Property, tiio Ieasehold and thn tee titla ohelf not merga unless tha Lender egrees to lhe .
<br /> mergor In wdting. Fo.m aozo AHo �
<br /> . F1079.LM0(2/9Si) Paqn 2 ot 5 (
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