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<br /> , • Bartowers eserow eFCOUnt undat the faderat Heal Estate�ment ProceQures Act of 1574 as amended from thrte M tbne. 12 t1S.C. t �
<br /> ' 2601 et se4•('RE�A'T.un�ss another taw that appQes to the Wnds sets e lesser amaunt If so.lender may.at any tkrte.coti�ct end _ .
<br /> - ` hoid Funds in en amount rtot:o e�xeed tAe fass�amount Lender mttyn esffinate tAe amaw►t of tunds Hue on the basts of current data ; �
<br /> `-'r � -` and�easonabia esthnates ot ezpenG�tres ot tuture Esuow ttems or otherwise En ea�rdance w@h e�Utabts taw. � . ( ��`� ,
<br /> . the Funds sAeD be heid tn an inst�tton whose depos@6 are Insured by e tedaral aBenaY.����• ��BnUty (ineludfig � .
<br /> , � . LenQer.8 Lender is sueh an inst�utton)or m eny Federai Korr.e Loas�Bank. Lsnder Shall appty tho Funds to pay tt►0 Eserow Items. ' �
<br /> f . Lender may not charge Borrower for hotrifig end eyPNing the Furtds,ennuaUy anahlsing Me escrow accourtt.or veriying ths E�erow � , �.'•� �. ,
<br /> � . • Itans.unTess Lender pays 8arrower fiberest on tl►e Funds and appi�abis taw permas Lender w make sucli a cherge. kawever.L�der � ° ,
<br /> (. .'' �`•4 b , a
<br /> , may requh9 8arrower to pay e onaths�e charge tor an inQepenQeni�ea1�ffite tai reporting senrice used by L�ander(n cannectian wEtA � . �
<br /> this toan.unisss eppGCabta taw provldes otherwise. Unfess an agreament(s made ar app�'cabta!ew tequ&es tnterest to be paid.lender � . ,� . ...
<br /> � sAsU rtert be reW�eQ to PaY Borrawer anY tnterast or eamfngs on the Funds. Bortower and Lender may a8�in wtafnB.hovrever,that :�,� `,.
<br /> �` - •-=�� interest ShaU be patd on the Funds. Lender ShaO ghre to Bortov�er. wQhout charge. en er+nuai ac:counting of the Funds. ShowHng � " �f
<br /> -.. - -: - ccsQds and debKs to the Funds end the OWDose(ot wnk�esCA debB to the Wn�uas m8ds. The Funds ere Pledged 88 8ddalonal s_---- - -�'-
<br /> . ` = seeurRy iar aII sums secuced by this Securay lnstrttment- , • •
<br /> � '' if the Funds Aetd by Lender mcceed Me amourris permffied to be heSd by epp4cebia faw.Lender shall account to Horrovror for the � ° r
<br /> � ` e�xess Funds L► accordance wR�the requireements of appi�abte faw. H the amount ot tAe Funds hetd Dy Lertdsr at any tfine(s not ` �
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<br /> � �, sufficient to pay the�row 1�when due.Lender mrsy so notdy Borrower fn xrt�Irtg.anA.fi such ea�e Borrawer sheD pay to Lender - •
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<br /> . .. the amount necessaryr w make up Me deflcieney.Borsovrer shan mehe up the defictency in no more thar►tweMe manthly payments.at . , ' "
<br />_ . . Lendm's sote discret�n. , �-:��.�,
<br /> Upon Payment En fuQ of a�sums secured by this Sec+uity tn&trument,lender stiall pmmptty ref�nd to Bomcwer anY Funds t�eld f�y . . . ,=-
<br /> . . . Lender. If,under peragraph 21.Lender shaU acqutre or seU the Property. Lender.pAOr W the acqufsltlon or sa�e of the PropeRy.6haU �M``" `�
<br /> "'. • =
<br /> . eppry any Funds haid�y L�tdet at the Ume at ectp�tsttfan or saie as a cradft against the sums secured by Mfs Securdy tnstrument ; • . 5�-��R
<br /> . . 3.Appl�on of Paymenta Uniess apDlicabi0 taw provldea_otherwise.eD payments recehred by Lender undef pa�agrephs _ --
<br /> 1 end 2 shall be appGad:fmst,to enY Prepaym�t cAsigas due und�Me Not�seconQ to emounts payabte under paaagaapb�thUd � �_
<br /> � � to fiterest due;fouAA,to principai due;and tast.to eny late charges due under the Note. '��
<br /> 4.Charge�Uens. Bortower shall Pay all taxes, assessments. Charges. fines and imposftions attr�uffib!e to the Propetty ' �:'.�;"-
<br /> ,°=,-�..�..
<br /> whlch may attafn pBort'tY over this Securfty Instrument� end teasehotd payments or graund rer►ts, H eny. Bortower shall pay these , ' ;:'—.
<br /> - . •.. ` obGgations fn the manner provtded�paragrapfi 2,or if not paid fi that manner.Bortowar sha0 pay them on thne dtreCtty to the petson �
<br /> � owed payment Bortower shaU promptry fumtsh to Lender a0 noHc�s of amounts to be paJd under tfiis peragraph. It Borrower mekes :��
<br /> . ° � � ' t8ese payments d'secUy.Borrower shaU promyUy fumish to Lender receipts evidenc i rtg t he paymen t s. • r
<br /> �,,..` . ,'�`;".-:::�•te:..
<br /> Harcower sha0 Gromptry dLseharge any 1'ien whtch has P�1ornY over thLs Secur3Y Insbument untess Borrower:(a)agrees In wr�ing to �._.;^;.�_
<br /> - "" tbs payment of t�e obiigatton secur8d by the Ifen tn a rtrenner ecceytabia to Lender;(b)contests(n goo0 taRh the Ifen by,ot Qefends _ __,. ''�§•.:�"''-
<br /> :.$:.:.-_
<br /> • ' agatnst enfor�ement ot the Gen in,legal proce0dings wh�h tn the Lenders opinfon apernts to prevent the entorcement of tha Qen:or(c) `,� =-
<br /> . ' :,.�"��:
<br /> � } secur+as (rom the holder ot the It�en en agreeme+�t satlsfactory to Lender subordinating the 11ren to this Securdy Ir►sbumen� If Lender . ���=_
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<br /> � determfies that any part of the Proparty is subject w a ften which may attain pRorfry over this Secur�y tnsWmen�Lender may g�re ��r,�
<br /> � ` '� Bortowar a notice lQeMNying the�ian. Borrower sha�saHsty the tten or take ono or more of the acUons set ferth above wfthfn 10 days . , :..;;;�;�,�
<br /> . . �.
<br /> of the giufng of notice. . , ,. .�
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<br /> ' , 5. Hazard or Property Insurartce. Bortower shatl keep the Improvements now existfng or hereafter erected on the � , ""'�':':��
<br /> ,�.e._
<br /> � . Property Nsured egain&t toss tiy tUe, hamtds Inctuded wdhirt tAe tertn"extended CoverBga"8ttd eny oth6r ha�rQs.(noQtdfng ftppds or .�•;:s�
<br /> - flooding,tor wh(ch Lender requtres tnsuranea Thfs fisurance shaU be metr�talned fn the amaunts and for ttie pertods that Lender � : •. �
<br /> , . � requires. The insurance cartter providing the insurance shail he chosen by Borrower subject to Lsndm's approval whicA shall not be •.���•
<br /> ' .. unreasonabry wnhheld. If Bortowe�taus to maintain coverage descr�ed abova. Lender may,at Lenders opUon,obtain coverage to : '�°��?.:.
<br /> • � � pmtect Lenders rights tn the PropeRy in accordence with paragraph 7• . �%°.;�;;�..:r:'
<br /> , Ail msurance pol(ctes and renewats sha0 be acceDtebt�tc Lender and sh�0 fnciude a stanQarC mortgage ciause. Lender shaU hav0 . . �•
<br /> ....,j��'
<br /> • the rtgM to hotd the poiictes and renawals. If LenQer requires, Borrower shall prompUy gtve to Lender all reCelpts of pat0 premiums _
<br /> and renawal noticea In the event ot loss,Borrower shat! give prompt notice to the Insurance cartier en0 Lender.Lender may make . �,:�
<br /> • . � proof of bss B not made prompiry by Borrower. � ' � `
<br /> � �• � � UNess Lender end Borrower otherwtse agree in wrritn@.Insurance proceeds shaU be appiied to wstoratlon or repatr of the Pmperty � �_
<br /> � � damaged, H the cestoration or repalr Is economicalry feas@�te and lenders secufiry ts not lassenea. It tAe restoration or rep a l r Is not ,• • � �
<br /> '' ec�;,o„-,;;,a�� ;saob� or Wnder's security wouid be lessened.the insnrance proeeeds shall ba applied to the sums secured by this . .
<br /> • Security Instrumont whethei or not then due, wfth any excess paid to 8orrower. I} 8orrower abendons the PropBRy. Or does aot • •
<br /> � � answer wRhfi 30 days a notice trom LenQer that the insurance carriet has oNered to sett(e a clabn. then Lender may coUect the ' : : ��, .-T
<br />. •. insurance proceeds. LenCer may use tAe proceeds to repaU or restore the Property or W pay sums seCUred by this Security � `:;
<br /> � Instrument,whetfier or not thgn due.The 30-0ay perbd wi0 begin when tfie notke is given. �
<br /> � . �' Unless lender and Borrower othervvlse a�ee In wrking,anY ePPlkailon of proceeds to principal shaU not exten0 or pos�one the :��_� , ' �
<br /> . due Qate of the monthry payments reterced to In paragraphs 1 and 2 or chenge the smount ot the payments. I1 unGer paragrapb 21 ,
<br /> ' . the P►aperty is acqulred by lsnder,Borrowefs right to any Insurance policies and proCeeds resufting from damage to the Property priot � .
<br /> , ' � to the acqu}sttion shall pass to Lender to the extent o1 the sums secured by this Securiry Instrument immediatery prlor to fhe .
<br /> acquisflion. - .
<br /> � 6. Occupancy, Presenratlon, Malntenanco and ProtecUon of the Property; �orrowePa Loan •� .
<br /> , • � Appltcatton; Leaseholda Borrower shall occupy.estab�ish,end use the PropeRy as Bonowers prtncipal residence wfthin sbRy . �
<br /> days after the execuUon of this Securityr tnsWment and shall continue ta occupy the Property as BoROwera princlpal resldence for at •
<br /> � 4 least one year efter the date ot occupancyr, untess Lender othsrwise agcees in writing, which consent shall not be unreasanabry � �.
<br /> .. � , .
<br /> . , � � withheid,or uniess extenuating efrcumstances exist whbh ere beyond Boaovrer's conuol. BoROwer sAall not desVoy,Qamage or UnpaV
<br /> • ; the Property,altow the Property to deterlorate, or commN waste on the PropeRy. Bonower shall be in de/suR H any tortefture action or .. .
<br /> � proceeding,whether civii or Criminal,i9 begun that in LenQeTs good taith Judgment could resuit in toAefture of the PropeRy or otherwise ' .
<br /> • . . materlalry impai� the iien created by this Securiry InsVument or Lenders securityr interesf. 8ortower may cure suCb e de}autt and
<br /> . ' � rert�state,as provlded in paragraph 18,by causing the action or procee�ing to be dismissed with a ruiing trat,in Lende�S good ta(th • :• •
<br /> determinetion, pteciudes toAe'dure o} the Bortowar'8 interes! in the PrOpertyr or other material impairment of the Uen Created by this
<br /> .. � Securriy instrument or Lenders securRy interest. Borrov�er shall etso Ee In detauR H Bortower,during the toan applicatlon process. .
<br /> . gave mater1a11y talse or inaccurate intormatlon or statements to Lender (or failed to prav►de Lendar with any material NtormaUon) ln .
<br /> :; conrtectlon with the foan ovidenced by the Note, inClud�g,but nat limited to, reptesentation9 conceming Bortowers occupancy o}the .
<br /> • � Property as a principal residence. If this Secutityr InsUumant is on e Ieasehotd, Borrower shall compty wtth all the provLslon9 0}the
<br /> � tease. It Borrower acquUes tee titte to the Pro�erty, the teasehotd and the tee t�tle shall not merge unless the Lender egrees to the � . � .
<br /> . � mBtgBt i71 wfiliBg. Form 3028 8180 - - '
<br /> � . . -I F�01B.LM0(i0/97) Vaps 2 of S � • .
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