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<br /> ` � �<.? 4ender may. ei eny Nme.CoGeCt end h010 Funds� an amount�ot to Axeeed the mex'snum emount 8 tender tOr a tedelatly rstated moRga99 c ,
<br /> _� �s saaf r�u's8 tor 8orrowers escraw Accpunt under the fedetal Raal Estate Settlement Psocedures Act of 1974 as amended from time m
<br /> ' " � time, t2 US-C.260t et seq. ('RESPA'3.untess another taw that apDties to the Fureds sets a �sser amount. If so.Lender maY.at a^Y time. ° `�
<br /> coltect and hotd FunCS in a� amount not to exceed the�ass�emouM. Lender may estUnate the amount of funds due on th8 basis ot . •_
<br /> " � � current data and reasanab6a estimates ot expend'dures ot future Escrow Items or othenivise in accordance with apAiieBble taw- -. `','.
<br /> �,`�' � The Funds shall be heFd in en instih�tion whose �posds are a�surad by a faderai agency. �nsUUmentalityr,or entity (a�CWGing L.ender.d '
<br /> � � t_ertder is such an institution)or in any Federal Horrie Loan Bank. Lender sha0 appry the Funds to pay the Escrow items. Lender may not ;
<br /> ';� eharge Bortower for holdmg and apprymg the Funds, annuaRy analyzmg the escrow acxount, or verdymg the Esacw Items,uniess Lende,�, • , ,
<br /> ac o
<br /> �,,, ` pays Bortower o�terest on tne Funds and applicabie taw perm�s Lender to make sucb a cherge. However, Lender may requtre Borrawor t� , �
<br />� ,. . � ` pgy e one-tune chetge for an u�dependent real estate tex�e►tm9 service used by Lender in connaction wRh thts loan.urdess eADGcab(e�w� '
<br /> __ provldes otherwl5e. Untess en aSreame►►t is m8da or appticebl8 Iaw requfres �►terest to Ee paid, 4ender sASU no! be required t0 D "
<br /> - - �=```,�� u►
<br /> 8orrower any inbarest or eamings on the Funds.Borrower a+►d Lender maY agree tn�in9.howe+rer,that c�terest shall be paid on ths Fun •`�
<br />-'- f'- -' _-,� lereder shaU give to Bosrawer,wrthout etraBe.ar►ann+ial acc°unting of the Wnds.showe�g credfis and debits to the Funds and the PurAo - ---- .__, .
<br /> • . - • � for which eaeh deb�to the Funds was made. The Funds are pledged as add�lonal securfty for a11 sums secured by this Security Mshumen
<br /> ` �` '' If the Funds detd by lend�r mu:eed the amounts pe�mdted to be he(d by appGcab�s taw. Lender shaU account to Bormwer tor tT� '•a
<br /> � 'i excess Fu�QS a�accordance wilh the requcements ot appficab�law. lf the amount of the Funds held by Lender st any time is not sufficie� ` :�
<br /> <� ' -! to pay the Escrow Items when due. Lender may so ncu7y Borrower in writing,and. c�such case Bormwer shaU pay to Lender tl�e amGUm _,.._ .` .``
<br /> - ' . .,i necessary to make up the deftciency. Borrower shaD make up the Qeficiency fn no more than twehre monihiy paYments, ai Lenders soie , °:_ it�.::'
<br /> . . 1 discretion. ` _
<br /> � �� `. ;.1 Upan payment in fuU ot aU sums secured by Mis Securityr lnstrument, Lender shaU promptty tetund to Bortower er►y Funds heid by `
<br /> _ ' :'i I.ender. if,under paragraph 21,Lender shaU acqu6e or seU the Property.Lender.Prior to the acquisRion or saie of the Property.sha0 appry �F-
<br /> ; ; any Funds heid by Lender at ths t'vne of acquis�ion or sala as a cred�t agav�st the sums secured by this Secur�ty Instrument -��
<br /> ;t.:'� ,
<br />":s � •- 3. Apj71iC8t�Of1 Of P8y�tt8flt8. Untess appf�cabie iaw provides atherwise.a0 paYments received by Lender under para�aphs 1 8nd
<br /> ;:�� 2 shau be applied:frts� to any prepayment charges due under the Not� second, W amounts payabte under paragraph� tnud to interest ,
<br />-''°- .. -' due:fourth.to p�cipai due:and last.to any 18te Charges Cue under Ne NotB. . , .�'.;' �
<br /> : -- . :;;•:-`3
<br />:ar ' . .
<br /> 4. ChazgP•S; L�@it8. Borrowar shaU pay ail taoces.assessments.Charges,fines end ImposiNons 8ttnbutable to the PropertY which may [c... "� ,`,.,- -
<br />_�a{, ," ' . • - attain priarityt over this 3eeurity Instrumenb and leasehold payments or ground rents. if any. Boaower sha0 pay these obGgaUons in the .: ..
<br /> .;� ' ' manner provided in 0�89�Dh 2. a� it not paid in that manner, Borrower sha0 pay them on tlme directty to ths person owed payment — _�=
<br />"�°; � � • Bortower shall promptiy tumish to Lender aU noUCes of amounts to be pa�d under this paragreph. H 6ortower mekes these p8yments , �
<br /> d"uect ,Boaower shall promptty tumish to Lender receipts evidenc�g the payments. ....� ��"
<br /> ` �..:;,:.
<br /> �? .� 8onower shail prompUy discharge any 1'ien which has prfority over thts SeCU�ty InsUument untess Boaower. (a)agrees in wrft6i9 to the �� l..:�-��'
<br /> • -�-�
<br /> � payment o}the abligatlon secured dy the lien in a manner acceptabte to Lender, (b�contests in gaod fadh tlie lien by,or defends against �=-•,....
<br /> :�� : �' �� _ti_�
<br /> � � enforcement of the fien in,legal proceedings which in the Lenders opinton operate to prevent Me en(orcement of the I"�en;or(c)secures�'om _
<br /> � the hoider of the Gen an egreement satistaCtory to Lender subordlnating the lien to this Security Instrument If LenQer determtnes that atty
<br /> ' ,,;c:� part of the Pcoperty is subject to a lien which may ettatn priorily over thts Security► InsWmen�Lender may gfire Bortower a noNce idBnhTying . ---
<br /> ,` : ' , tAe nen. Bonower Shail sattsfy the Iten or take ons or more of Me acUons set Wrth a6ove withln 10 days of the glvtr�g of notice. � �'
<br /> r 5. Hazard or Pro 8 IflSUPBdICE'. 8orrower sdall keep the cnprovemenis now existing or hereaftet erected on the ProDe� •�r.
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<br /> insuced aga�nst loss by fue,haards 1nGiuded within the term 'extended covetege" and any other hazards, (nCluding ilooQs Or flooding.tor � •i�_.
<br /> � which tender�equires insur�ance. This insurance sha0 be maintahsed in the amounts anA for the pedods that Lender requires. The insuranc9 ' . ... __ -_
<br /> ,' _ ,'1 � _ :..e-�
<br /> � � carrier providing the insurence shall be chosen by Bortower subjeCt to Lenders epproval which shail not be unreeson a b l y w i t h h e l d. I f
<br /> -.. � ` '' Borcower faits to maintab� co+rerage described above, Lender may, at Lender's option, obtain coverage to protect Lenders Qghts in t�e . ; _
<br /> � P�operty in accordanCe with paragraph 7. ;�=�
<br /> � AU insurance poi�ies and renewais sha�t be accepffible to Lender end shail inciude a st8rtdard mortgage Cisuse. Lender shall have the . . -.
<br /> . � r�gnt to hotd the policies and renewafs. It Lender requires. Bortower Shali prompty give to lsnder eU recefpts Of paid premiums and wnewal •`�
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<br /> nat�ces. In the event of loss. 8orrower shall give prompt notice to the insurance carrier and I.ender. Lender may make proot of loss it not • --
<br /> . • maCe promptry by Bonower. • �
<br /> `:.y�,_
<br /> Untess Lender and Borrower otherwise agree in writin9� insurance proceeds shall be applied to restoration or repair ot the Praperty , . -
<br /> � � � � damaged, A the restoraqon or repair is economicatry teasmle and Lender's security (s no! fessened. q the restoration or repau (S not � : . _ '�
<br /> �:
<br />•;���'� � economicaly feas�bie or Lenders secur'rty wouid be Iessened,the insurance proceeds shali be applied to the sums secuted by tAfs Seeudty
<br /> inswment. whether or not then due.with any e�ccess pald to Borrower. If Borrowet abandons the Property.or does not answer within 30 S ��
<br /> • days a natice from Lender tha!the insurance caRter has oHered to settte a claUn.t�en Lender may coilec!the insurance proceeds. Lender � l
<br /> • , may use the proCeeds to repaD or restore!he Property or to pay sums SeCUred by this Securiry Insdument,whether or not then Qu9.The , '
<br /> 5 � 30�day period wiil begin when the notice is given. -
<br /> `"� � Unless Lender and Borcower otherwlse agree in writing,any appUCation of prooeeds to principal shall not extend or postpone the due
<br /> '��` • date of the monthly payments referred ta in paragraphs 1 and 2 or change the 8mount of the payments. If under paragraph 21 the Property ! �
<br /> - is acqutred by Lender, Bortowels right to any insurance policres and praceeda resufting from damage to the Property Or�er to the sepuisition ,
<br /> : shall pass to Lender to tAe extent ot the sums secured by this Securiry InsWment immediatery prfor to the acquisRion. � � '.
<br /> ` ! 6. Occupancy, Preservation, Maintenance and Protectlon ot the Property; eorrower's Loan AppUcation; •. ��
<br /> � Leaseholda. BOrtower shell OCCUpy,estebllsh,8nd use the Property ea BOrtOwers principel residence wfthin sixty days after th9 exeCUtion •
<br /> . of this Security Instrument and sha�l continue to oceupy the Property as Borrowe�'s prUictpal residence tor at least one year after the dete of
<br /> •• � occupancy,untess Lender otherwlse agress in wrRing,which consent shall not 6e unreasonably withhetd,or untess e�Renuating c'veumstances .
<br /> ' � exist whiCh are beyond Bortowels conbol. Bonowar shall not desVoy, damage or impatr ihe Propsrty,altow the P►operty to deterlorate,or � .
<br /> • commit waste on the Property. Borrower shall be In default if any forfeiture aCUon or proceedtng,whether civil or criminal, is begun that in
<br /> • � Lender s good faRh judgment cauld result in forfeiture of the PropeRy or atherwise materially impatr the I�en created by this Security .
<br /> ' ' ` Instrument or Lender's se�curity interest. Bortawer may cure such a default and reinstate,as provided in paragraph 18,by eausing the aetion .
<br /> � or proCeeding to be dismissetl with a ruling that, in Lender's good 18fth determination, preCtudes toAeiture ot the BOrrower9 interest tn the �
<br /> � ProPerty or other matetial impa�rtnent of Me I�en created by this Securdy �nstrument or Lender's securRy interest. Bortower shall also be N
<br /> tletauit A Borrower, during the ban appliCation process, gave materially }alse or inaccurate intormation or statements to Lender (or f8iied to • .
<br /> �''+ prov�tle Lentfer with eny meterial information) in conneCtion wRh the loan evidanced by Ihe Note, inc�uding,but not limited to,tepresentetlons .
<br /> ,;
<br /> • conCeming Bonower'S occupanCy ot the Property es a principal residenCe. If thi5 SeCUrityr Instrument �s on a Ieeseh0id. 8orcower sha11 �
<br /> � comply wdh e�� the provisi0ns of the leese. �} Borrower aCquires fee titie to fhe Property, the �easehold and the tee tit�e shall not metge
<br /> ' �� uniess Lender agrees to the merget in wrAtng. • �
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