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<br /> � _�` � Bo�rowers esuo�r account un�r the federal Reai Estats�tttement Pracedures Aet ot 1974 as amended irom time to tane. f2 U.S.C. .. °,r
<br /> . . 'f 2601 et 584.('�SQA7,un�ss another iaw that&PQVes to the Funds sel5 a tesser amount it so.Lender may.at anY ttme.co[tsct end --.. . . . _ .
<br />- ' - � �` ' hotd'FUnds in an amount nol to exceed tAe�sser emounG Lender may esiimata tAe am0unt of tunds due on the basls of curtent dem , •-`.
<br /> . . � ` ,. "'° :
<br /> end reaso�ab�estimates of e�end3ures ot fi�wre Esc�ow Items or otherwise in Bccordance with ap�GCabte taw. ,°`
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<br /> ,` ` . _ The Fands sh80 be �etd Fn en institutlon whose depos�s ere irisured Cy a tederel 8gency. instrumental�r. ot entiiy (utch�ding� . �� f .�
<br /> . t.�nt�.�t,endgr is such an inst3ution)or in eny Fedaral Homa Loan 8ank. Lender shsll aDAty the Funds to pay the Escmw Itams.� •
<br /> • ' lender may not charga Bortowe�tot holdmg and apphing che Funds. ann�aaal�►enah�ng the escrow account. or ver�iing the Escrow,� ' '
<br /> :4 . � �.
<br /> � Items,uniess Lender pays Bocrower intecest on the Funds and appGcBtb taw p�mits Lender to make suCh a charga However.Lender� .
<br /> ,�, .: , may requce Bortower to pay a on�t�rre eharge for an fiQependant ceal esffite tex raDarBn9 service used by Len�In connsction vr3h� , . '
<br /> • Nis laan.untess e�Dfeabta Iaw provtdes othenvtse. Unless an agrearnent is made ot appQeab�taw re4uUes interest to be pa[d.Lender N . .
<br /> ,�_ shaU not be requUed to pay 8anower any fnterest or eamings on tAe FunQs. Borrower and LenQer may agrea in wr3�+8.hawever.that� . <` -
<br /> . .- ed `
<br /> , , ".,':`-�`.' interest shaU be paid on the Funds. Lendar shall glve to 8orrow�.w@hout eAacga,an annusl eccounNnB of the Wnds. s�cwmg . - .o,
<br /> � _.: _� cred3s end deb�s to the Funds and tAa purpose tor whkh each debd to the Wnds was made. TRe FunQS are pledge0 es adddional �.�°-- - •
<br /> . . securly tor e11 surzes secured by tnis S�urdy Inswment ^=� � ' _
<br /> � ' If the Funds heW by Lender ex�esd ths amounLS pertnft0ed to be hed by aAp�abte�w,Lender shau account to Bortower for the :r
<br />: �,< � � �.�+ e�ess Wrtds in accprdance wit�the requirements of applicabte tava II the amount of the Funds hetd by Lender at any thne is not • , �:;:;;°_
<br /> � � su�ern to Day the Esarow Items when due.L�der may so notity Bortower a�u�g.an4 m such case Borrowar shali pay to Lender <` ' : `-�,
<br /> `• �-�__�;_
<br /> � � � tha emount necessery to make up the deflciency.Barrower sha0 mak9 up the deftciency in no more than twelve montAry payments.at .
<br />- � Lende�s sol9 discreUon. .�� ��
<br /> • Upon payment 6�fuU ot au sums secured bY this SscuritY�nstrurne"t,Lender shall promptry rafund to 8ortnwar any Fnnds hetd by •.;..�.:-:..._.__.
<br /> ' .. ;: Lender. If, under para�aph 21. Lendar s�ail acquire or seU tt�e ProFerty, Lender,prior to the acquis�ion or sat0 ot the PrapeRy.SheA '"�`=:
<br /> • -. : apply any Funds held by Lender at the time ot acquisaion or saie as a credd agatnst tAe sums secured by Utts SeCt�rity tnsdument � _ _---
<br /> r• , 3.Appltca4ion o[Fayments. Unless apPGc&bfe(aw ProvlQes otBena-'se.&U ps]lments rece(ved by Lender undet pata�eDhs :. ;
<br />' � 1 etld 2 Shell b0 80P�d: fi(S!. to anY PBP$Y�i charges due under the Nate;seeond.to amourNS payabte uadsr peraBraPh �thtM ` <' '.
<br />� ::Y to interest due;fourth,to princtpal due:and last,to any Iate chargas due u�der the Note. '`
<br /> � 4. Charge�Uens. 8ortowet sha0 psy afi texes. essessrrt�ts. aharges. t§�es end impos�tons attnbuffibte to tt�9 PropeRY � `�� '�
<br /> , ..'�� which may atta�n prloray over this S�curiry/ Instrument,and leasehold payments ot grourtd rents, it any. Bortower sha8 pay these � • �a. —
<br /> � � ' Y F obGgations fn tAe manner proviQecl in pala9raDh 2,or ff nat paid in that manner,Bortower sha0 pay them on time dUeetty W the person • ; _ _
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<br /> owed paymenb Bortower shait promptiy fumish to Lender a0 notices ol emaunts to be patd under this paragraph. if Bortuwer makes - _-_
<br /> ' •' ':�!#.�:.,
<br />_ �� these payments dtrecty.�Bortower sha0 promptly 1umt5A to Lender rece�ls evidencing the payments. '��"
<br /> .r" • • `� Borrower shaU promply discharge any lien wh6ch Ras Pdorny over this Security Instrument unless Bortower:(a)agress in w�in9 to ., � r' ,`�`:`',
<br /> _ .. • , the payment ot the obligaUon secured by the lien in a manner acceptable to l�1er; (bl eontests�good fafth the Qen by.or defends •' 'a �� ry
<br /> , .�.�.
<br /> � ' . � against enforcement ot Me ifen in,legal proceedings wf��h ln the Lend�s opmS� oparate to prevent the enfor�ement ot the(fen;or(c) ', "" �w•�•
<br /> ' "•'` secures irom the holder af the 1'�en an a�reement saUstactory to L.anEer subordinatfig the Oen to this Securfty tnstrum�4 if LenQer � -����
<br /> `- . •' determfies Nat any part ot the Properiy is subject w a t(en whfch may atf8ln prTortly over t4�ts Secur�y Inst�ument. lender may glve �''1;:;;`;s____
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<br /> � HoROwe�a notice identitying the Oen. Borrower shaD satisiy the 11�n or teke oae or more of L'he actions set forth above wfthin t0 daYs ,• .'s'�3�;�f'��_---
<br /> .. ' . � ., . ot the givfig ot nottce. ,r.r '_':;...�_
<br /> � � � . ; 5. Hazard or Property Insurance. ��ower sh811 keep Na imar�vements now exrstme or r�.2after erectea on ene `� " �=���_
<br /> �. ,. "� .:—=-
<br /> , Prc�aRy fnsurea sg8a�st loss by fre. AararQS Inctuded within tRa term w�tenCed co+rerage'and 8ny other ha�arQs,incTuding AooQs or • , , ,;�
<br /> ; ` � . floo�mg. far whiCt�lender requUes insurBnCe. Thts insurance shafl be ma�+taU►ed in Me emounts and for the pertoEs that tender _-._
<br /> . •�--- - - ' requir�es. The tnsuranee carcler pm�tdfig the uuuranee shall ba enosen by Borrower su bject to L e n Oe rs e p A�av�W h i e h s h a D n o t b e =-
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<br /> +•' unreasonabry withheld. If Borrower taits to maintain coverage desc�ed abav2, Lender may,at Lendefs opUon,obtain coverage to ----
<br /> �'�''�
<br /> . protect Lendefs rights in the Property in accordance wilh paragraph 7. • `,.�y:'
<br /> � All insurance policles and rertewals shall be accepte6le to lender and shall inctude e stanlard moRgage cteuse. LenCer s'i�aU have ��� ��. �--
<br /> ' � the right to hotd the policies arsd cenewals. it Lender requUes,Borrower shall promptry gi�vd to LenQer sU rsceipts of paid premtums � � '�`'__=
<br /> ':� " -
<br /> �- - .� �;.3 rass�•rat rtottc�s. !n ihe event of toss, eoaower shaU ghre prompt noUce to the Insurance cerrter and lender.Lender may make __—
<br /> : �, ' proot of loss N not made promptry by Bortower. ' ���
<br /> � • Unless Lender end BoROwer otherwise agree in writfig.fnsurence proceeds sha0 be appUed to restoraUon or repaU of the Property . r�: .'�
<br /> 7,`';
<br /> � damaged, H tho resroration nr repatr is economicaRy teas0�te and lendets seaur►iy Is not Iessened. If the restoratlon or repaU Is not
<br /> �.. .� economicaRyr feas�►e or LenOer's security wou!d 6e �ssened,the fisurance proceeds ahall be appl�d to tne sums secured by thb . ' .
<br /> Secur�yr Insuument,whether or not then due, with any excess paid to Borrowea If Borrower abandons the Property. or does rtot � ,
<br /> answer within 30 days a notlee from Lender that the 8nsurence carrier has c`fared to Settie a claim. then Lender may cOl:eCt the . �
<br /> -� � � • insurance proceeds. Lender may use the proceeds to repaa or restore tRe Ptoperty or to pay sums seeured by this Secutityr : .
<br />' ',.� � • Instrument,whether ot not then due.7he 36dey period will begfi w�en the notice is given. • '
<br /> ° Un►ess Lender and Borrower otherwise agree in writfig.any application ot proceeds to prtnci�al shaU not extend or postpone the ,
<br />- � ' � due date of the monthry payments referred ro in paregraphs 1 and 2 or change the amount ot ihe paymmc�nta. If under paragraph 21 , ' . .
<br /> . � � � the Property is acquaed by Lender,Bonowers right to any insurance po0ctes end proceeds resultMg from damage to the Property prior � „
<br /> � ' � io the acquts�ian sha0 pass to Lender to the ext¢nt ot the sums secured by this Securltyr Instrument immediatery prior to the •
<br /> acquisftion. � •
<br /> � � 8. Occupancy, Preaenratlon, Maln4enance a�d Protec4lon of the Property; BoROwer's Loan �
<br /> Applicauon; Leaseholds. Bonower shall occupy,estabush,and use the Property as Borrower's prmclpal residence within sbRy , -_
<br /> days after the sxecuNon of this Securityr instrument end shall continue to occupy the Propany es Barrower's prtnctpal residence tor at
<br />:. � • teast one year aRer the date ot occupancy, untess LBnQer otherwise agcees In writing, which consent SAali not be unreasonabty �. .
<br /> withheld,or uNess extenuating cUCUmstences ex�st wtiCh ero beyond BOROwer's COntrol. BOaower shell not destroy,d2mage Or 6npe'v �",
<br /> � � the PfopeAy.aliow the P►opeRy to deterlorata,or commA waste on the PropeRy. 8ortower sha�1 be in defauR i!eny foAeiture action or : '
<br /> . proceetling,whether civit or crimmal, is begun that in LenQer's good faith Judgment Coutd resull N toAeiture of the Property or otherwlse
<br /> ' materialfy impeit t�e ��8� Created by this SeCUtity Instrument or Lender's 50CUtity Interest. Bonower may Cure SuCh a def8ufl end
<br /> .
<br /> � � � reinstate, as provlded In paragraph t8,by caus�ng the actlan ot proce9ding to be CismHsed wflh e ruMg that, in Lendets goad/8Rb �
<br /> � . � determination, precLdas toAeiture of the Bortowers interest c� the Property or other materlal impa�rment o} the lien Cr88ted Dy Mis � ,
<br /> '�•,` - Security Instrument or Lender's security interest. Bortower shall elso be tn d9tfluR B Bortower, duling the Ioan�epplketlon proCess, � . ,
<br /> - gave materiaiy tatse or inaccu�at0 o�tormatlon or statements to Lender(or faited to provide Lender �.vRb any meterial Intarmetbn) ►n � ,
<br /> � ' connectlon with the toan evidenced by the Note, Inctudmg, but not t�nded to,representatlons concemtng 8anov,e�s occupancy o}the
<br /> `:"�� � i PropeRy as e print�Bl re9idenCe. If thls SeCUrity Insttument 19 on &193sehold. BOnov�O� snall c¢mply wAh all the provisions o1 the • -
<br /> ' , . • Ig�g. I} BOmOVtet BCquUes fee tdl9 to the PtOperfy, the teesehotd &n0 the fee titte Shatl not merge unless the Lende�agree9 to the .
<br /> merger m wr4ing. co�m 3ote e;eo
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