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<br /> ' 'Banowe{s eserow flCCOUnt under tt�e tedar8l Real Estabs 3ettSsment ProcaCu�es ACt ut 1974 as emendad from time ta Ume. 12 U.S.C. ' '`.. 'o:�-�.` '_.
<br /> .� .��`� �. 2&O t o t s e q.('R H S FA•),un�ss another 1aw Mat appC�es to the Wnds sets e�sser a�nount II so.Lender mey.at any Ome.cot9BCt end � : L.
<br /> - - Ao1d Funds m en amoru�t not to exceed tt�e lesser amount. LeAder meY estlmato the emau^t o f f u n d 9 due o n t h e b a s i s o t e u rt e n t d a t a � ,L. ;
<br /> � '.: , end teasonab�e esUtnates of expend�ttr85 0l htNre Esecovi ite�ot otherwise in 8ccordanc0 wdh eADlkabte�w. �t� `� ,�_. ,
<br /> The FunQs ShBD be hetd in ar� o�st�ution whose dBposA9 8re InSUted by e fedei8! 8gency. inStrumantafRy. or entity Me9tdtng� • i�
<br /> .: '�; , . `.� `'� Lender. N LertQer is such an insMution)nr fn any Fflderal ttamo laan Bank. lenQer s�uUU eDOh Ne Fuqds to Psy tAO Eserow li�ns. ; �
<br /> m the Funtts.annciaAy eaety:in8 Me escrovr aceaunL w ve�3Y(ng the Escrovi� �:` �;:`:
<br /> ',��' . � Lender may not cherge Bortuwer tor hotdfi�end aDD►Y 0 > . , .
<br /> � f� , Itemg,untess lender Rays BoROwes in ffi r e s t o n t h e F u n d s e n d e D P�ab�Iaw p e r m�s L.e��to make sueh e chacge. However.lender� ,•
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<br />. ' rr�ay�equtre Berrawer to p8y a on�t6ne eharge tor an indeyenaetit real estet0 18x�eAortbtg servte9 usBd by Lertder in tonnecttao vrRA
<br /> ` this toan.uniess eppiicable faw pravidas othe►wise. Untess an 8�eamer�t is made or eppiteabt�taw tequ�es interest to be PeiO.Lea�der ,`<:,. :�
<br /> , es
<br /> '.. `: . Bortower any tnterest or eamtngs on the Funds. 6ortower end Lender may a8�e8 fi vmting.however.that � . , .
<br /> - s h a!!a o t be re q uhed to G a Y
<br /> -- �`lc`;�� tnierest shaD be Da1d on NB Furtds. Leader shaU g1ve to Bortower. wtMOUt eharge. an e�uival acccunUng of the Funds. s how t ng .F- ��-��.
<br /> . " . cre�s end debc'ts to the Funds artd the purpOSe for w�iCh esch deb3 to the FnnQs was made. fie Poods ate P��8�� . •� -
<br /> :;.'�:. , ` :, sacurity far a0 sums secured by this Sacurity tnstrument r`,: .. .
<br /> � �•. .s� . If the Funds held 4y Lender e»eed the amounts pertnitted to be heId Dy appucable faw.Lender sAal account to Borrower for the
<br /> v� ;:�,y �. ezcess Funds in accordanee wdh the requiremenls�aDPGcab18�aw. If the amount ot the Funds held by L.ender at arty ttne is not , • ., `
<br /> ',�f-. the Escrow Rems when�e.Lender may so notitg Bo�rower in writU►�.end.�n such case Bomnwer shan pa7l to lender
<br /> s. , . . .,..,:'•:. SuffiCf6nt t0 DaY �
<br />- . . . Me amount necessary to matce up Me deftctency.Bormwer sha0 make up the deti�tency tn no more than tweMe monthty payments.et
<br /> ;'. � . Lenders sai�discreUan. . �'.�'•,,
<br /> _``t�` �pon payment fn fuU of aU sums secured by this SecuritY InsWmen�I.ender st►aD promptq r�tund to Barrower 8nY FunQS hetd by ._,'4 .} _ .:.
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<br />_}:4 . , Lender. If.unQer pera�fi 21,Lender shaU acW�e ot Se0 ffie P►apertY.Lender.P�or to the 8equisliton ar sa6B of the ProPenY.5ha0
<br /> <` ' appty eny Funds hetd by Lender at the Cone of ecqu(s�1on or sale es a cred@ agahst the sums secured Oy thts Secur�tY�nsbument � � �__
<br /> � ,� � 3.Applteatto» of Paymenta Unless epp�bfs t8w pravides otherwis9.811 p8ym�ts recehied by LBnder under per8gtaphs c-:�
<br /> �'` . •,`� .F� ` t and 2 sAaU 6e appUed fust,ro airy Prepayment charges due unQer the Note:second.to'amounts payal�te under P�S�Dh�thVd ; ._-_-
<br /> j � � � ' ' � to rt�terest due; fourth.to P���ie:and tast.to any tafs cher88s Que under the Nota > _ -
<br /> . � Y' 4. Charge�Liens. Bonawer ShBU pay 8I1 texes. assessments. ChBrges. fines end tmpositions attr�utebte to the ProDefty _
<br /> -� � F which may attah� Oriordy ovet this SecuritY tnstrument end Ieasehoid psyments ot ground.rents. H any. Borsower ShaO pay Mese F °s, —
<br /> .t ` • obGgations rt�the manner provided in paragr8ph 2,or H not patd o� thet manner.Borrower Sh80 PaY Mem on Ume directN ta the person ;_.�F `. �•a
<br /> ;�;� � f�`=' owed paymenG Barrawer sha�promptry Nmish to Lender all natices of amounts to Ee pald under Mis paragraph. II Barrawet makes ;`��
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<br /> ���� � these DaYme�ts d�ectH.Borrower sha0 promptN�m�h to Lender receipis ev(dencfng tt�e Payments. %�°.-,...:y-:
<br /> . . . , . Bortower shail prompUy Eiseharge anY Qen whbh has PrfornY over th�S�u�Y Instrument uniess Bortower:(a)a9te8s tn wr36�8 to `. i.�"-� �
<br /> � � _. .-^:,``�� tha payment of the arbiigallon seCUred by the Iten in a mann�acceFtabte to Lender:(b)cont�ts En good iafth tA�Qer►by.or detends :,,_r;�
<br /> ' ` ��" : egainst enforcement of the►ien fi. tegel Graceedln9g�h in the LenGe�s optnion operate to prevent�the entorcement of the Iisn;or(o) • :� ;a__�
<br />��.`�.. '" ' securos�from t�he ho[der of N0 lien an agneement setfs/actory to Lendet SubordL�atin0 the tlen to this Seau�y►Instn�ment ff Lendar �.�. �-T
<br /> _` . , ' determines that any part of the Property is subject io a tten wAich may attain Prtarity aver this Securiry tnsWment,Lender may 6ive �- -
<br />- �� , Borrower a notice identihring the tier►. Borrower shalf saUsty the lian or teke one�more of the acdons set torth abave w�hin 1Q�Yg ''.` _
<br /> .•,: • '� � of the giving o! noUce. . ��__
<br /> '' � 5.Hat.ard or Property l�aurance. Borrawer shail keep the unprovaments now existing ot hereatter erected an the � —
<br /> � � Property insured agau�st toss by fa�e,hetatds inoiuded wfthtn ttie tertn'wdended coveraSe'en0 any othet hazards.incWding floods or �L
<br /> �'" • � -.. -� - ' fload�g, for whkh Lender requUes in5urance. This �surance sha�be maintained in the amounts and for the perfoQS that Lender '�
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<br /> requpes. The insurance cartier providing the Insurance shall be chosen by Borrawer subject to Lenders epproval wh(cfi ehefl not bs :=
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<br /> � unreasonabry withhetd. If Bortower faiis to maintein coverege descr0�ed above,Lender may. at Lendefs oytton, obtaln cove►a90 to s��
<br /> � . � �,, protect lenders rtgbts in the Property�n accordance wRh paragraph 7. . �.�-
<br /> � AO msuranee policies and renewais shall be accepffible to L.endet and shall IncNde a standard maRgage c(ause. Lendet sha11 have . ;. ��
<br /> � , ; the rght to hotd the poiicies and renswals. tt lender requUes, Bortower sha0 prampttyr gtve to tsndar a(1 recetpts of pa10 premiums � . __ _
<br /> r-,,`. � . . and renawal notices. tn the event of iass. Borrower shatl give promp!not�e to the insurance cartier and Lender.Lender may matce _
<br /> `� ` <- � ' proot of loss A aot made promptty by BoROwer. = '__
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<br /> - � '' Unless Lender and Borrower otherwise agree in wrftin9�u►surance p�oceeds shall be applie0 t0 restaration or repab ot the ProperlY ,.;:
<br /> w..;_ . . . , .
<br /> � ; °� �• _ , damaged. N the restoration or repatr is economicath feasmte and Lenders securny is not tessened. N the restoration or r� is not '
<br /> ! :� ' ' " economically teasIDte or Lender's security wou�d be lessened, the Insurence proeeeds sha0 be eppited to!he sums secured by tAis .
<br /> �.� ' � ` Security Inswment, whether or not then due, with any excess p a l A t o B o R O v r-r. I f 8 o r r o w e r a b a n d o n s t h e P r o p e r t y, or Qoes not
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<br /> answer within 30 Qays a noUCe nom I.ender that the insurence c8mier has ottered to settta a ciaim, thQn LenQer may coffect the , ..,. ^
<br />'F���,F;•: . _. _ � insurance proeeeds. lender may use the pmceeQs to repalr or restora the Propertq or to pay sums secured by tRis Securfry .
<br /> • ° I n s tr u m ent,whether or not then due.The 30�Qay perio0 witl begin when the noUce Is gNen.
<br />- � Uniess Lender 2'tC Borrower othenvl5e agcee in writin9�anY eDPiicatton o1 praceeds to principal shall not extend or pos�one t he . .
<br />- ' • due date of the morrt�ry payments referred to fi�aragraphs 1 and 2 or change the amaum of the payments. It under paragraDh 21 � � .
<br /> � the Property is acquUed by Lender,Bortowars right to any tr►surance poikies and proCeeds resuiGng from damaQe to the PropeRy prtor ' . .
<br /> , ` . • , to the aCquisition shall pass to Lender to the eMent of the Sums SeCUted Dy thLs SeCUrity InSWment immedtatey prlor to the
<br /> ,• ;.�,. . : acQuisition. . .
<br />: e. Qccupancy� Preservatton, Maintenance anA Protection ot the Property; BorrowePa Loan "
<br /> � _ , Applicatton; Leaseholda 8orcower shail occupy, estsblish,and use t�e PropeRy es 8ortowers princip8l residenCe wRhin shdy
<br /> ' aays atter tne execution of this Security Inswment an0 sha11 conth+ue to occupy the Property as 8oaower's prmctpal residence for at � � �i
<br /> • teast one year aRer the date of occupancy, untess LenQer othenvise egree9 in wriNng, which cOnsent ShBU not he unreeSa�abty
<br /> . � witnheld,or uniess eutenuattng CitcumstenCes exi9t whbh ere bAyond 8ortowef9 CBO OweBshaO be InBdetaultd85 ny'fo e"�Rt+�&ction or � '
<br /> ' the Property, altow ehe Property to deterlorate,or commit waste on the Property.
<br /> ,' . � � ' proceeding,whsther civil or criminal,is begun 1ha1 in Lender's good lafth Judgment couid resuit in t�:ferture of tne PropeRy or otherwise
<br /> i
<br /> `•;�,.. . ,. � . � materlatry Mpair the I'�en created by this Security InsWmeM or lendels securityr Intetest. Borrower may cure such a Qetaull end
<br /> � , ! reinstate. as provided in paragraph 18,by causing the action or proceeding to be dismissed wth e ruling that, in Lender's good faith
<br /> � I determ�nation, preciudes toAedure of the Borrower's interest tn the Property or other material impairment o} the lien creeted by this
<br /> !°'' , � Securdy InSNUment or Lender'S seCUfity interest. 8orrower Shell 81SO be in detaufl if 80rtower, during tnA Ioen epplic8tion proCes9. ' . -
<br />•_' � gave materie�ty ta�se or inaccurete information or statements to lender (or lailed to provide Lende� with any material infortnation) in •
<br /> �,•....• � conneCtion with the Ioan evidenCed by the Noto, mcluding.but nol�imited to,representetions conceme�g Bonower's occupanCY ot the
<br /> ' � Propeny as a principal residence. It this Securdy Instrument is on e leasahold. Borrower shall compty with ell the provisions o1 the
<br /> � . ' lease. �� Borrov�er aCqufreS le9 tit�e to the PropOrty,the teasehotd and the }ae titie Shall not merge unless the Lender agre9s to the
<br /> � � m8fg8t m wtiliftQ. Form 302E 9/90 � ` ' • -
<br /> - . - ,� Pt029LN.01�0l97) P7ge 2 0l 5 .
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