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<br /> Borrower's escm-�r account undar the tedsral Resl Estate SetUement Praceducas Act of 1974 as amended from tlme ta time. 12 U.S.C. .
<br /> � � 260t et SeQ. ('RESPA'?.untess snother taw tha!aAPLes to the Funds sets a lesser amoun� it so.l.esider may.ei any Nme.coUect enG "' .
<br /> �. . `.,'. .
<br /> S' � hoW Funds u►an emaunt not to exceed the tesser emounL Lertder may eslbnate the amoant ot funds due an the basis of curtent data ` ' 4 •�
<br /> - � . ane reasonabb esttmates ot expend�u�es ot tuWre Escrow tcems or otherwtse�accordance witA appiicabte Iaw. ` .�.`'• ...` �
<br /> , The Funds SheU Oe heid fi an fisffiition whase deposQs ate insured by a tsQeral 8gency, ins0umental8y, ar enL1y ('mctuQing . '. ������� ':
<br /> ,r , Lender. rt Lender is such en Inst�tion)or o�eny Feder8l Nome Loan 8ank. Lender shaU epply the Furtds to pay Me Escrow Items. • °� �. � .
<br /> . ' . , tendet may not cherge Borrov�er far hotding and apAh�B�e Funds,annua(ty snaryztng the escrow account, or veritymg the Escrow � �
<br /> . . .. Iterns,untess Lertder pays Borrower interest on the Funds and appfxabte law pertn�s Lendsr to make such a charge. However.tendar ` , , :
<br /> may requfre 8arcower to pay a ane-ttme cherge far an independent rea!esffite tex reportin8 servtee used by Lender in connecdon wiM �
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<br /> . , � thts toan.untess app�cahte taw providas otherwlse. Untess an agreement ts maQe or eppGeabte law reqvires tnterest to be psld,Lender � ' ' K. : `
<br /> , — 5hali not Ee re4utred to pay BanOwer any mterest or eamtngs on Ne FunQs. Sortawer and Lender may agrea in writTnB.however,that . -
<br /> `� ��" u�terest Sh811 08 pSid On the Funds. Lpnder 5A80 gkr0 to Botrower, wfthout Chazge, an ennual acc0untirtg of the Fursds,Showfng ���-
<br /> � .... ,,
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<br /> _� aed'ds and debits to the Funds and ths purpose for which eaeh deb�t to the FunQs was made. The Funds are pieCged as aQd�nal � � -``
<br /> , securtty tor au sums secured by this Secur3y Instrumen� f �
<br /> ` � It the Funds�hetd by Lender exceed the emounts pertnitted to be hatd by appllcahte faw,Lender shall account to BortOwsr tor tQie -
<br /> -. . excess Funds tn accordance w�h tt�e requhemsnts ot appiieabie taw. if the emount o!the Furtds heid by Lender at any ttme is not � `" .�,��;, , - `
<br /> � � • sufficient to pay tRe Escrcw Itams when due,Lender may so noWy Borrower(n wr3rt�g,and,in such case Barrower sAan pay to Lender �' :._� ���: �� � ,
<br /> • the amount nece55ary to make up the deficiency.Bmrrower sha11 matce up Ure deflctency tn no more than twetve monthty payments.at � � 4 �- _
<br /> ' Lendm's sote disaeUon. '
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<br /> , , .i Upon payment in fuR of aU sums Secured by thts SeCUrity Instrument,Lender sha0 pmmptty refund to Borrower any Furtds heid by �, ""
<br /> Lender. B, under paragraph 21,LenQer shatl aCquire o�se0 the Propertq,Lender.prior to Ne acquisifian ar sate ot the PropaRy,shau � .�,�_;._
<br /> ? appy any FunQs hetd by Lender at the time of ecquisition or sale as a cred�aga►nst the sums secured hy this Security Instrument _—
<br /> ` � 3. Applicatdon oi Paymenta Uniess apPGcable(aw provldes othenv(se,a!1 Payments retelved bY���der paragraphs . . y:
<br /> '`: t and 2 shatl be asrpfie6:fust.to anY Prepayment charges due unCer the Note:second.to amounts payable under paragrapA x third "F'a�—
<br /> • ' w a�terest due;fourth,to principal due;and lest,to any tate charges Aue unQer the Note. �'�� -
<br /> ' � 4. Eharge� Ltena Botrower sh8ll PaY aU t�e9. BSSessmer►ts. Chstge5. ftrtes end impositlans atCbuteble to tho ProPOrty ': ..::� _
<br /> . . ., ..; which may attain prtoriry over this Securiry tnsuument, and leasehob payments or groua0 rents, u any. Borroxr�sha11 pay Mese ..<....,:� r.':..��-
<br /> � � ' ��r, obligatians in tne manner provided in paragrapb 2,or if not pald�n that manner,Borrowet shall pay them on time dir�ecUy to the person -°� . �� _
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<br /> � �� owetl paymen4 BorrOwer sl�ell promptry(umisl�to Lender ell notkes of amounts to be paid unQer this paragraph. If Borrav�er makes s '.- "�T- .
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<br /> lhese paymsnts dtrectty.Borrower shall prampty tumish to Lender receipts evldencb�g tAe payments. .��� ,..-�;�-
<br /> '"` Bortower shall promptry discharpe any t'�n whlch has prlarily over this Securiry tnstrument untess Borrawer. (a)agrees in wr$ing to • �`�'�*`_,�
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<br /> • � �- the payment af the o01lgaUon secureA by tha Uen in a manner acaeptebie to Lender.(b)contests in good faitt►the Gen by,Cr Qefends ",` ` �" ' �:;
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<br /> � against entorcement of the Gen in.legaf proceedfigs which m the Lenders opinion operate to prevent the enforcement of the tlen;or(c) ' _��°
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<br /> , secures trom the hotder af ttie lien an agreement satisfactory to Lender subordtnatfig tha Gan to thLs Security Instrumen� H Lender :y=�,
<br /> detertnines tt�at any part of the Properly is subject to a i'ien whtcn may ettafn pdorny over th(s Security Instrument. Lender may g'nre ���'—!`�
<br /> �.' ;�°" . Bnrrower a noHCe identify(ng Me ften. Barrower sha►1 satisty the Iten or take one or mote ot ihe e�ctions set PortA abave within 10 days ', �•�,�•,�.�-..,;�
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<br />_ � of the giving of notice. � :''.i�
<br /> ` $. Mazard or Proper4y Insurance. Botrowes ShBII keep the tmprovements now �Isting or hereefte� eteCted On the
<br /> ' ' P�operty insured against Ioss by ftre, hamrds fncluQe4 within the term°extended coveraga°and any c�ser hazards,(nctuding ftaods or � ' � '�
<br /> _ . ;. _„_ 800ding. (or which Lender requires insutance. Tl�is �surance shaU be malntained In the amounts and br the peri00S that Lend�r � . , �' •:.i:�z=
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<br /> '� � requ'aes. The insurance carcier prov(ding the insurence sha0 ba chosen by Bortawer subject to Lenders approval wh(Cfi shall not be � , ��,;,,;R�.
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<br /> � . unressonabiy w�Ahetd. ff Bonower taifs to maintam caverage descr�e0 ebove,lender may,at Lenders option,obtain eoverage to • .,. ...��*��;::.-
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<br /> • _ � . protect LenQets rights in the Pcoperty in accordance with paragraph 7. �• ' � � "�`°�
<br />,.'r = � . All insurance policies and renewats shaU be acceptabte to Lender and ShaO inctude a standar0 ma^.gage clause. lender shall have , : . --
<br /> � . the right to hotA the policies and renewats. If Lender requires,Hortower shaU promptty give to Ler.�all reCeipts of paid premiums �__
<br /> � � � � . and renewai nottc85. tn the event ol loss, 8onower shell gNe prampt notiCe to the tnsutenCe carrter end Lender. LenQer may make • � , --
<br /> ' proof of toss"rf not made promptty by 8oaower. �' ��
<br /> ' Uniess Lender and Bortower othenr+ise agree in wrRing,insurance ptoeeeds sha0 be appiled to restoration or repab Gf the Propetty ' .,� , � -
<br /> " � damagea, H the restoration or repatr is economtCaQy teas�ble and Lenders security is not Iessened tf the restoraHon or repatr is not , • ,� '��-- '
<br /> .•s.:
<br /> ' • economicalty �asble ar Lenders securiry wouid be tessened,the tnsurance praceeds sha�be appIIed to the sums securea by this • � :
<br /> :�', • �� Security Ingtrument, whether or not ihen due, wfth any excess pald to Bortowet. if Bortower abandans tBe Property, ot doos not '
<br /> answer within 30 days a natiee from Lender that the insurance cnnter has o8ered to settte a ctalm, then Lender may col�ect the
<br />''� . � �surance proceeds. Len�a may use the praceeds to repau or restore the Proma�ty or to pay sums secured by this Security . �•-'' `'
<br /> , • ! Instrument,whether or not then du0.The 30-Q8y pe�lod will begN when the notic0 is given. �
<br /> � Untess Lender and Borrowar otherwise agree ln writtng, any apA��etion of proceeds to principat st�all not extend or postpone the
<br /> � � . � due date of the monthry paymeats referted to in paragraphs � and 2 or change the amount of the payments. N under paragr8ph 21 � . . ,
<br /> , � . Ihe Property is acquUed by Lender, Borrowefs tlght to any Insurance policies and proceeds resufting hom damage to the PtopeRy prtor ,�•; �..
<br /> ' to the acquisdion shall pass to Lender to ihe extent o! the sums secured by this Securityr Instrument unmeCatety prior to the • .
<br /> acquisition. �
<br /> � � . 6. Occupancy, P�esenraUon� Malntenance and Protectton o4 the Pfoperty; Borro�ver's Loan " � � � ' � _ -
<br /> •�'� , . ApplicaUom, Leasehotda Bortower shell occupy,estaDtlsb, and use tfi9 Property as 8oaowers principel residenCe within saty , ,
<br /> days after the execution of tnis Securiry Instrument and shall continue to occupy the Property es 6onower's prtnctpal residence tor at •
<br /> _ least one year after the Cate of ocCUpanCy, uniess Lender othervvise agrees tn wrRing, whiCh Consent shell not be unreaSOnaby •
<br /> � withhetd,or unless extenuating circumstances exlst wAich are beyond Bortowers controi. 8ortower shell not destroy,damage or impaU � .
<br /> � the Property,allow the Property to deteriorate,or tommft waste on the Pioperty. Bortowet shail be�n detautt N arty toAeiture action or
<br /> � . jproceedfng,whether civil or crimirtal,is begun fhat�n Lentler's gootl faith judgment coutd resutt �n torteisure of the Property or otherwlse ' l �
<br /> , materiaity impaU the Iien created by th(s Security Instrument or Lender's security interes� Borcower may cure such a delau4 and
<br /> . • � remstate.as provided in paragraph 18, by causing tAe action or praceeding to be dismissed with a ruling that, in Lender's good faith ' ..
<br /> � 1 determination, preCtudes toAeitWe of the Botrower's interest In the Property or other material impairment a}the lien creafed by thi9
<br /> ' , • • j Security Insuument ot LendePs seCUrity interest. Bonower shall aiso be in detault if Borrower, during the loan apptlCatlon process, '.
<br /> � • ! gave materialty false or in8ccurate intormatlon or statements to Lender (or failed to provide Lendet with eny material intormation) in
<br /> � � connection with the loan evidenced by the Note. �ncluding,but not Ilmited to, representations conCeming 8ortowers oCCUpanCy of th0
<br /> , Property as a princlpal residenee. N this Seeurity instrument is on e leasehold, Bortower sha�l eompty with aq the provlslone ot the
<br /> . I �ease. it Borrower ecquves l�e tille to the PropeRyr, the teasehoid end ti�e fee titte Sh8t1 not merge untess the Lender agree9 to the � �
<br /> Imerger m writmg. Fmm aota slso � , .
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