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<br /> . ;�. Act of 1974 as emended trom time W Urt►e. 12 U.S.C. . , ' �:��`�.
<br /> - . Borcawers euxow aaa�unt under the tederel Reat Estate Settiement Proeedura� , .;4:' ; .
<br /> � "`( `' 2 6 0 1 e t s e 4-('H E S P A'}.�t e s s a nother taw that eGPQes to the Funds sets 8�sser amaunt it so.Lender may.et any tune,eott�t ar.d � ` , ; �s,,,�
<br /> ' hpid Funds in an amount not to exceed the fesser aewunt- Lender maY��the amount ot tun d s d u e o n M e b a s�s o f c u rt e n t d a t a� .
<br /> , , .,�� and reasonabie estimates of e�endiWres of tuture EsCrow Items or otherwise m acCOrdanCe wit�apPl;caD�taw. r � ;`
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<br /> The Funds sha0 be hetd in an instt�ution whose deposits are �tsured Dy a federal agency, instrumantality, cr ertt�ty (�►ctud�ng I
<br /> � LenQer.�E Lender is such an institutlon)ot in anY Federal Home Loart Ha�k. Lender shaU aRp�Y the Funds to pay Me Eserow �tems• , (``. �
<br /> � • 1.ender may not Cnargo Borrower tor holdmg end appry�9�e Funds,annuaN a�aryzing the escrow account,or veriying the Esc�ow� c�<.` •
<br /> Items.untess lende�paYS Hortower a�terest on the Funds and appGCab►e law PermRS Lender te make such a charge. However,tender ` ,�; :
<br /> . .` rr�aY require Borrowet ta pay e one-tcne ch8rge tor en mdependen!real estat9 tax reAcrtin9 service�e�Interest t0 09 patd.ol.ende►� . <, .-
<br /> ';s ` thts loan� untess BPPGceLte taw prav(des otherwise. Unlass an&greemenl is mad9 ot appOCab�Ia q .
<br /> � ,: < ' shaU not be requ�red to psy Bortower any b�terest ar eamings on the Funds. 8ocrower an0 Lender may aStee N writing.however.that "<'• .•
<br /> , ` intarsst Shsl!be�P odthe�ds artd Ute purp058 or whiCh eBCh debft t0 theuFttttd5 w8S maae �,e wnas a�etv�ea9ea as�aaaato�a ,. '
<br /> ��. . ` � .•. Crediis end deD e ., .E L ^`c
<br /> ` � � � securdy for aU sums secured by this Sacurrty insbament ��taw,�der shaq account to Borrower!or the ..
<br /> • � H the Furtds heid by Lender ezceed the emowrts pertnitted to bs hetd by app :� ,
<br /> ' ; �. '(y exCess Wnds in eccordance with the requiremenu Qt aOPUCabt��aw. N the emaunt of the Funds hetd by l.ender at any time is not ,. .
<br /> • � sufE'icient to pay tl►e Escrow�t�ns when due,LEnder may so not�y Boaower in wrdirt9.and�such case Banower shall pay to�,dat _
<br /> a . •
<br /> � S �` the amount aecessery to make up t�e deffcienc .@o�rower shaU make up Me deficiency in no mare than twehre mo�thty pay�na� ,
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<br /> � � Lendefs sola d'�scretion. -
<br /> e ... ._
<br /> Upon payment in tuli of au sums secured by this Secur4y Insvumen;L en der s A a l l p r o m p t t y r e f u a d t o 9 o r r o w e r a n y Funds hetd by .-__r
<br /> - � Lender. It, unQer parflgtaDh 21.Lender s�all acqu�e ar se�tfie PropertY.Lender,prior to the ecquisiNon or saia ot the PropeAy.shaA ,��i _
<br /> .� T • :r apPry enY the sums secured by chis Securt'qr tnsbument r�-- -
<br /> Funds heid by Lender at the tane of acquisiUon or sale as a cred�agamst � ,�,; -
<br />, . `� . 3. Apppcation ot Paymeots. Untess eFPGcabte Iaw provides otherwise.a11 paYmenm recelved bY Lender under para9�P� .,
<br /> ` � ' t and 2 shaU be app�ad: fast.to anY PfeAaY►��charges dua under the Note:saCOnd.to emounts paya6fa under pare9raPh �th(rd a
<br /> • • , ' ;: •j to mterest due;tourth,to PrinciPal due:end tast.to anY lats charges Que under the Nota �� .,-
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<br /> - ; 4. Cg12fSeSi Lie�18. Borto►var Sfiall OaY ail tmces. assessmenis. charges. fines and �Po rt y �rrower sh80 p Y �
<br /> •,� � w h f c h m a y attart� prio r i t Y over this Securny Inshument. and teaseho(d payn►eMS or ground �. ' __
<br /> - � . obtigatlons�n the manner providad in paraBraDh 2,or H not peid in that manner•Bortower s ha U q ay t h e a�o n t 6 n eh�Bortcwer Pmakes °-�'�`°"
<br /> � " owed OaYi*�ent. 8orrower shaii prompty tumi5h to Lender ali notices of emaunts to be pald under this'paragraP - `�,-�_
<br /> these payments dQectly. Borrower shalf prompYy tumish to Lender recetpts evidendng the payments. , � -<<_�
<br /> Bonower shall promOtty discharge any lien which has prio►�Y over this Security InSW�t untess Battower.(a)ag�ees a�writm9 ta� ��.,�f_
<br /> --.16.: ..
<br /> the payment of the abiigation secured by the lien in a manner accePtable to Lender, (b)contests in 9ood faith lhe lian Dy,or detends r ;�: :'_�� ��=-
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<br /> r ��• agginy�t entotcEfinent ot the lien in,legat proceedings wh�Ch in the LenCers op�ion operats to prevent the entorcement ot the Uen;or(c) f �_
<br /> ,.� s e c u r e s b a m t h e h o t d s r of the lien an a g r eement satlsfactory to Lender subordinathig the fien to thts Securfly insVUrrtent �f�e+�der �.'�-�,.y.;��_
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<br /> -� � determines that any paR af tbe Property is subjecl to a I'ien whicfi may attafi p do r h y over t h i s S e c u r i t Y I n s O u m e n� L e n d e r m a y g l v e _'�--_
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<br /> r.: . " " Bprrovret a notice identityo�g the lian. Boaower 5ha0 satlstyr the Iten or ffike one ot more ot tlte actions set torth above wnhfn 10 days ti°_-
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<br /> • . � J � of tfie g�+in9 of aatiCe. .. �� --�—
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<br /> 5. Hazard or Property Insurance. eortowar shall keep the �proYements now extstmg or hereafter ereated on the
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<br /> ' � ,.. �, Propertyr insured agair►►st Ioss by fee,hazards inctuded withfn the tetm'extended coverage'and any other hesards,mcluding RooQs Ot '_�,y,F;�
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<br /> - � - �-J flooding, for which Lender requires insurance. Th(s insurance sAaO be rnaintatned m the amounts and Tor the periods tt�at Lender �'�"'�,
<br /> .�,.'.� ,,.;�?- requ7es. The insurance carrier O�o�ding the msurance shall be Chosen by Borrowet Subject to Lenders approv8l wh�h shall not be "-s _'
<br /> � unreasonabry w�hheld. If Bortower faits to maintain coverage desc�ed ahove, lender may,at Lende�s optian,obffiN covera9e to ��� -"
<br /> � ' - '' protect Lenders rights in tt�e Property in accordance wRh paragraph 7. ,,,:__.
<br /> AII insurance Oclicies a�d renewa�s shall be acceptable to lender and shall motude a standard mortgage ctause. Lertder shatl have ';; �.r
<br /> '. .. . , ' • the r�gM to holC the policles and renewats. �f Lender requtres. Boaower shall prompdy 9ive to Lender ail receipts of pald premlums . •.� ;-.:.:
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<br /> and renewat notkes. In the event of Ioss,6orrower shatl give prompt nottce to the tnsurance carrier and Lender.LenEer may make
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<br /> . ' proof of toss il not made promptty by Bortower. - --- =��°
<br /> Unless Lender and Bortower othervrise agre9 a�wr�ln9�insurance Droceeds sha0 be app0ed to restoration or repab of the Property :J�:
<br /> damaged. il the restoration or repaU Is economicalry teas�te aea Lendefs securit5r is not tessened if the restoraUon or�eDa��S not __
<br /> . , economicaly feas�le or Lsnd�s security woutd be tessened,the insurance proceeds shall be epp��ed to the sums secured by thts _
<br /> � Securiry Insuument, whether or not then Qu9, with any eatess patd to Borrower. Ii Borrower abendons the PropeRy. or dCes not
<br /> . answer withuf 30 days a natice Nom �heef roceeds to repab�orerestore t e P�roDertYSOttt�oepay�°ms securedr bry thls'Securiry : " -
<br /> � insurance procQeds. Lender may use t p • . _
<br /> .''� � Instrument,whether or nol then due.The 30�day perlotl will be9N when the notlCe is gNen.
<br /> .:'y� � Unless LenCer and 8orcower otherwise agree in writing, any avPl"�cation of proceeds to principal shaTe��eund�°t pa agraphtzl .•
<br /> due tlate ol the monthly payments referred to In paragraphs 1 and 2 or c�ange the amounf of the pay
<br /> � the Property �s acquiretl by LenOer,Bortowe.'s right to any insurance policles end procesds resulting trom damage to the Property prlor � ..
<br /> � . : to tha acquisitian shail pass to Lender to the extent of the sums seeured by thts SeCUrity tnstrument immediatery prlor to the ,
<br /> • acquisRion. .
<br /> �,� � � � 6. Occupancy, Preservation, Malntenanca and Rrotecuon of the Property; Bonower's Loan �
<br /> ..;;�
<br /> � - �6ppliC�tlOtt; L.@SSBhOtE�S• Bonower shall oCCUpy,estabGsh,and use the PropettY as Borrowers prinClpal resldence wRhln SbRy ; ,
<br /> � i days after the execution o1 this Security Instrur�rant and shall Continue to occupy the.'�opeRy as Bortowers principal resldence for at Z•'� . �
<br /> Ieast one year afte� the date of accupancy, unless Lender otherwise agrees 1n wriNnp. which consent shall not be unreasonabry
<br /> � ' � withheld,or untess extenuating circumstences exist which are 6eyoncl Borrower'S conVOl. BoROwer shaU not desUoy,demage or Unpab .
<br /> • � the Properly,ellow the PropeAy to deteriorete.or commit waste on the Property. 8orcower shall be�n defauR 11 any forteiture actlon or
<br /> ' , � praceed�ng,whether Civil or criminet, is begun thet in Lendet's good faith Judgment could resuN in toAeiture of the ProGgrtY or otherwfse r.
<br /> . � materialry imPair the lien Created by this Securiry �nstrument or Lenders seCUrity interest. Bortower may Cure suCh e defeuR and
<br /> remstate. as provided in paragraph 18, by caus�ng the actlon or proceedfng to be d�smissed wfth e rut�n9 that, in LendePs good faith
<br /> • ' � determ�nat�on, preciudes foAeiture of the Borrower's �nterest in the Property or other material impairment ot the lien created by this
<br /> ; Security Instrument or Lender's security interest. 8orcower shall also be u+ de}auU i� Borcower. during the loan application process, ;
<br /> ' gave materlally lalse or inaCCUrate �tortnatlon or statements to Lender for teiled to provtde L6nd8r wRh any material inlotmation) In
<br /> ' COnnection with the loen evidenced by the Note.inctudmg, but nOt Itmtted to, tepresentatlons conceming BorrOwers oeCUpancy ot the
<br /> Property es a prinC�pa� residenCe. H this Securdy Instniment is On a lessehold, Borrower shall Comply wdh all the p�ovisions of tne ��
<br /> iease. If 9onower ac4uues iee titte to the Property. the leasehold flnd the tes titte shall not merge unless the LOnder agrees to the , .
<br /> ' . merger m w�Rmg. co�m ao2a eioo � �
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