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<br /> , Bbrro.ver's escrow aaount under the tedeial f�aal Estata Setitement Procedu�es Act of 1974 as ema�ded 4rom time to Ume. 12 U.S.C. �.f -,',,4 . .
<br /> ` � ' 2601 et seq•('RESPA•�,unfess another taw that apAOes to the Funds sets a lesser emount It so. Lender may.at any t6ne.coltect and � ' f���: .
<br /> , � - Aoid Funds in an emount nat to euead tAe Ies36r 8mount LenQer mey estfmat6 the emount Ct hsnds due on the basis of Curtent daTe� • ���•� `
<br /> � � and reasonabte estknates ot expend�ures af tuWre Esuow ltems or otherwise in acwrdance w3h aPPUCabta taw. n��v > �
<br /> . Tt�e Funds shall be hetd in en tnstt�utton whose daposfts are Insured by a federal agenCy. bstrumenffi@yr, or er�tity (tnc4rding B �'� �:• `` ��_,
<br /> . , � L.ender, d LenOer is such an c�st�utton)ar tn eny Federat Home loen Benk. Lender shaU appty the Funds to pay tt�e EsGrow ltems. a , r'`� ,
<br /> � . � ' I.ender may not eharge Borrovrer tor hatdirtg and aDPtying Ne Furtds,annuayr anaryslrtg the escrow sccount.ar veritying the Escro'�•:: '�, , �• :.
<br /> ` Items.untass Lender pays Bormwer lnterest an the Funds end apPIICabfe haw permfts Lender to make sucA a eAarge. Howeve,Lend� . .
<br /> • ` • may raqutre Borrower to OaY a oneUme charge tor an independert!mal estate teu ceAotttng seiv�e used by Lsnder in connecti+on w • �• r:• �� .
<br /> � , ` this foan.untass 8ppifcaLi9(aw provldes otherwfse. Unless an agreemer�t�msde or epp6�hle law requi�ss interest to be Pstd.Lend� --.
<br /> . in wt$in hOwBVet.tfi � .�r � •` ,�.„r Y-
<br /> sS�all r,ot be requirsed to pay Barrower any tnterest or eamings on tfie Funds. Bnrrower and Lenrfar may egree 9� � �.,;�
<br /> '..�_--�- � interest shat! Oe patd on the Funds. Lender sha0 gtve to Borrowar. wShout charge. an eimusl accounUng of the Wnds. shovdn� . ` `,
<br /> -, -� �. -- credds en0 debds to the Funds and tAe psupose for vihici�eacri debR to tha Fimds was made. The Eands are O�ed e�add�ional - . �-
<br /> � � � s�urity tor eil sums secured by this SeCUt1y InstrumenR - ` � �- :,
<br /> � � 1!the Funds hetd by Lender exceed the emaurns permdted to be Aald by app6Cab�e fa�nr.Lender shaU accouni to Bprrovrer tor the '��` , ,; �s 4
<br /> . ' • - excess FunQs a�accordanee w3h the requtrements of appQcebte law. If the emourrt ot tfie Funds heid by Lender at eny dms is not ,"'•, -,
<br /> sutficient to pay the Escrow Items when due,lender�tiay so not�Ty Borrower fi wridng,end,in such case Bortower sha0 pay to Lender ,� i ��`-�` --`_:
<br /> . •� the emount rsecessary to make up the detteiancy.Borrower shall make up the def�i�cy in no more than tweNe moMhly paymenffi,at ; , :,
<br /> �f
<br /> � . . ' � • LenQe�s sol9 dfsctetton. . -�".
<br /> UP�payment tn full of aD sums secured by this Security insbumeni. Lender sAaU pmrtiplly refund to 6orcower any Wnds held by F —
<br /> . . • '. ;',= Lender. If,undBr paragrapA 21, Lender shall acquUe or seli the Property. Lender.Pdor W the acquisiNOn or set9 of the PropeRy.shall �•.��, :.r�Y-_�-
<br /> ' ) appy any Funds he[d by tender at the time of acquisltfon ar Sale as a Cred3 against the sums secured bY Ws Secur�Y�nsWment � ` ;���'= �
<br />.. . E. 3.Applica4ion ot Payneenta Unfess applicebla Iaw provtdes othetw(se.a�payments reesNad by LenQer und�pe�e�aphs , ` ;� °•�::
<br /> � � t and 2 shall 6e app6ed:first,to any prepayment charges due under tAa Note; second,W amounb payebte undsr paragraph�thW t-; ,:: �'=�'-
<br /> . s '�� --__
<br /> � to irttersst due;(ourth,to prtncipal du�end last,to eny late charges dae under fhe Note. -F=� �� �
<br />-- . . 4. Charges; Ltens. Bortower shaU pay ait taxes. assessmenis. changes. f(nes and MposRions attr�utabi� to the Property _ :•°-�.._ __.
<br />�;:,,: : ,.. . which may attatn pfiarityr over this Security Instrument. and leaseho►d Dayments Or grpurtd tents. �anY. Borrower shall pay these ,.,.;._'�
<br /> - r` obiigatians tn the manner proviQeA fn paragraph 2.ot it not paid tn that manne�.Bortower sha�pay them on tUne dUectty to the porson . =f�;k.'��'_
<br /> • owed payment Borrower shau prompUy fumish to Lender all not�Ces of emounts to be pald under tAis paragraQh. If Borrower makes ��"��'r'—��__
<br /> �r�
<br /> �� these payments directy,Borrower sha0 prompty fumtsA to Lender cecetpts evtdenctng the payments. -
<br /> Bortower shali promptiy discharg9 eny lien wtt(ch hes prlariry over this Security instrument uniess Borrower.(a)8grees in wr�h�9 to `"'�:.`;"�:t�-
<br /> '� -�� Me payment ot the obligadon secured Ey the Ben in e mannar accepmbte to Lender;(b)contests tn good faSh the Oen by.or defends >-�-��=-=
<br /> •� , . against enforcement of the Ilen in,legal proCee4ings which fn the Lender's opinion oper8te to prevent lhe entorcement of thA lien;or(c) _
<br /> � . � secures from the hotder of Me Iten en agreement sattsfactory to Lsnder subordinate�e ths Uan to th(s Secur�► Instrumen� If LenQer , `' _
<br /> ' detertnines that eny part of the PropeRy is subject to a Iten whtch may atteln prloriry over this Securnyr tnsbument, LenQer may gNe . . • -
<br /> ; ' ' . . Bortower a notice identdy(ng the lien. Bortower shall satts(y the t'ien or take one ot more of the actions se!Wrth abova with{n 10 Qsys ,,�—
<br /> . . �1;.> - --
<br /> . of the giv�ng of nottce. -_ >
<br /> .� . • ' ' S. Hazard or Property Insurance. 8ortower snau keep �ne improvements now �tsw�e or he�eafter eracree on �ne � '�����'
<br /> �} Property tnsured against ioss by ftre, hazards inctuded wfthtn the term extended coverage'and any other ha:ards.tncNding floods or �._;�s;�;;�;
<br /> • • • , ftooding,tor which Lender requUes tnsurance. Th(s insurance shaU be malntained in the amounts and tor the perfods that Lender • `��°
<br /> � � �- requ(res. The insurance carrier provtding the insurance sheU be chosen by Borrower subJect ro Lenders approval which sball not be �
<br /> � ,' 4��:
<br /> �� unreasonably wHhhetd. It Bortower faits to matntain coverage described above,Lender may,at LenQer's optton,obffiIn coverage to � �j:;�`_-
<br /> � protect Lende►'S rlghts in the PropeRy tn accordance with paragraph 7. . :. � � -
<br /> � � •• Ail insurance pol3cies and renewals shall be acceptabie to lsndar and sheU include e standerd mortgage ciausa LenQer sAaU ha+re • .. �
<br /> � ' the rtght to hold the policies and renewats. If LenQer requUes. 8orrawer shall promptly give to Lender a0 receipts ot pa[d premiums ' ��,��..
<br /> � �•� and renewal notkes. tn the event of bss, Bonower shafl gNe prompt notirs to the tnsurance cartier artd Lender.Lender may make .�•� '•y�'
<br /> � � . proof of bss R not maQe promptry by Bortower. �
<br /> . � Untess Lender and Borrower otherwise agree�n wrfting,Usuranee proaeeds shail be appited to restoraUoR or�epatr a1 the PropeRy • . -
<br /> . � • dartiaged. H the restaration ar repab is economica(hr feasibie and lendBrs securityr is not lessened. tf the restoratton or repaU ls not • .. '�
<br /> ' economlcally feas�te or Lenders securityr vrould be lessened, the Nsuranee proceeds shail ba appiled to the sums secured by this �
<br /> , • Securiry Instn,ment, whether or not then due, witb any excess paid to Borrower. It Borrower abendons the Property, or daes not • . . .
<br /> . ' ' S answer withtn 30 days e nottce from Lender that the Insurance carrier has oNered ro 5ettie a Ctatm, then Lender may collect the . ' -
<br /> i insurance proceeds. Lender may use the proceeds to repatr or restore the Ptoperty or to pay sums secured by this Security • • •
<br /> ' Ins�ument,whether or not then due.The 30�day perlod will begin when the noUce is given. � . � . '
<br /> Uniess Lender and Borravrer olhenvise agree in writing,any apptication of proceeds to princtpal shait not extena or postpone the • � •
<br /> ). due date of the monthy payments reterred to in paragraphs 1 and 2 or chenge the amount of the paymants. t}urtder paragraph 21 �, • '
<br /> � �� the Property is acquired by LenQer.Bortower's rtgAt to any insurance poliaies and proceeds resufting from demage to the Praperty prlar . .
<br /> , . ( to the acquisitlon shall pass to Lender to tho extent o} the sums secured by thls Security Inatrument Immediatey prior to the � • � • .,
<br /> I• aCquisfti0n. �
<br /> � .•1 6. Occupancy, Preserv�tlon, Maintenance and Protection of the Property; Borrower's Loan •
<br /> • • 111� �pUCBtiOQ; Lea8Bh0ld8. Bonower sha0 occupy,establish,end use the Property as Bonowefs principal residence withtn sixty
<br /> . ,� days after the execution ot thLs Securiry InsUument and shall continue to occupy the Property es 8ortower's principal resiQence for at . � .• .
<br /> teast one year after the date o} occupancy, unless Lender otherv+ise agrees in writing, wh(ch Consent shatl not be unreasonabty
<br /> ; withhetd,or unless extenuating C'ucumstflnCes exist whiCh ere beyond Bortower's Control. BonOwer shall not desttoy,demage or tmpeU
<br /> � tha PropeRy. aliow the PropeAy to deterlorate,or commit weste on tAe Prop9Ry. 8onower sha11 be in default if any toAeiture aCtlon or �
<br /> ' proceeding, whether c�it or criminal,is begun that in Lender's good t�ith Judgment could result e� toAeiture of the Property or otherwise '
<br /> � materialry impaU the Iien created by this Securityr Instrument or Lender's seeurity interes� Borrower may cure sueh e detaut! and
<br /> � �i reinstete,es provided tn paragrapA 18,by causing the acHon or proceeding to be dismissed vifth a ruling that, in Lenders good fafth �
<br /> • I determination, preCtudes IoAeiture of the Bortowers interest in the PropeRy or other materlal impalrment o!the Iien created by this � ..�
<br /> � � { Security instrument or Lenders security iaterest. Borrower shall also be in CeTault N Borrower, during the loan appl�ation proces9, i • •
<br /> � I gave materially lalse o► inaccurate information or statements to Lender (or lai(ed to provide Lender wilh any materlal Intormallon) In .
<br /> ,, � connoCtion with the lonn evidenced Dy the Nate, inctuding, but nat limited to, representatiuns concernmg Bortower's OCCUpancy of the �
<br /> , � PropeRy as a principal residence. If this SeCUrity InsWment is on a leasehold, BortOwet Shell COmpty with ell ih9 provislon8 of the � . '
<br /> • lease• H 8onovrer acquces }ee titis to the Property, the leasehold and tho fe9 Sitte shall not merge unless the Lender agrees to the f '
<br /> - � mer er in writin . I
<br /> . 9 9 Form 9028 B/90 j
<br /> �
<br /> - . Ft0?B.IfA�(�0/97J Papo 2 01 S . .
<br /> ' 499
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