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<br /> � The Fund+ .ha11 be held in ;tn in.titutiun Hho,e depu,its are in.ured by a federal agen� nT�e-ntaliT}'�r tntiry .. . -
<br /> � i inrludin� Lendtr.if Lender i..ueh:ui in.utution�ur in:un FeJrral Home Loan Bank. I.ender+hull apph� thr Funds tu pa}•the • i ,`,:;�.,
<br />� , � E,�row Item,. Lend�r ma} nat rhargc Burroaer tur hold�ng and appl}•�n� the Eends,annuaily anal}�mg chr acruw ncwunt,or � - -- -` =�_�
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<br /> �rrilymg thr E�crow Item,. unlrv Lender pa��B��rrower mterest vn th�Fund�a�id applicable law pem�its Lender to make tiuch
<br />. . �3 :1�I�:tl�,c. �i���i�:�Ci. :.CA'v.:. .. . R�. .,.���Nr t.� n•�� •���n.�-time��•h:�ru,•t�,r an mdenendent real e+tate tax reDottinr+cnire �`'___ —__ _ ,-__ __
<br /> ' ��.`.1 {.�• [��.t�: .:: �:h..,..`..��:•.h�w�hythi. Inin, nnl�� ;rnnlu•:�hlc� I:iR nru��ide� uII1C1'WIS�. Ultlfti� ;ui :�greement IS m:ide ur r-�_ _�— �s_--
<br /> � f applicable law reyuirr,inter�wt tu he paid. LenJer,hsll not be reyuireJ tu pa}� Borri�wrr an} interrst or wrnings on the Funds_ • `
<br /> �• . � Borruwer and Lender may :igree in«nung. huwe�rr, th�t int�retit �hall he paid un the Funds. :xnder shall give to Bormwer, _
<br /> ; without rharge. :�r. :fnnucl arr��unting ��f the Fund�. �h��uing rredit,and debitti tu the Fund. and the purpose for which pch _ _
<br /> '� dehit to the Fund�wa,maJr.The Fund�are pluiged a�additiona!tierurity for all �umti tiecureJ by thi�Security lnstrument. ,
<br /> � � !f the Fund�hrld hy Lcnder excc�i the amuunt�perniitteei tu be hel�i b} spplicable ISH�, Lrnder shall :�ccount ro Bormurr • �
<br /> ' ti�r the rxcesti Fund, in arrordsnre with the reyuirement+uC applirable law. If the amount uf the FunJ� held by Lender at an}• : � �_
<br /> . time i�n�t �uffirient to pay the E�rruw hem.w�hen due. Lender mdy +o notify Borrower in W riting, and_ in+uch catie Burrower �
<br /> ,hall pa� tu Lcnder the amount nece„ary to make up the deticienr�. &�rrower �hall make up the defirienc� in nu mure than , � , �
<br /> __ twrlvr munthh•pay�ment..:�c Lender'.wIe Ji,rretian. ( � -- �`_ . • .
<br /> ' Upun pa�ment in tull nf 3ll ,um, ,n:ured hy [hi. 5erurin In,trument. Lendrr tihall prompth r�fur�d tu Bnrren<<r :�ny . . --
<br /> - � Fund,hrld b�• Lend�r. If. unJ�r paragraph_'I, l.cnder.hsll acywre nr,cll the Property.Lrn�fer, priur to the scyui�ition or,ale ; , , _ _.�
<br /> � uf'the Pruperty. tihall apply any FunJ. held hy I.ender at thr umc��f aryui,�tiun��r wle a�.,�re�lit agaimt thr.um+u�cured b} , ;
<br />� j [hi,Securit� In,tr�ment. �
<br /> , �i �.._.. n . _..1 L.: I��.w{=.�n.l..r n_�r;iu�:�(1f7♦ -- _._ � _- .
<br /> ': 3..ippiicxtion oi'r-a�mrnt+. 'vuic.,appii�ai,ir i:i�+ �ilu��u2���iuc�n i+i.au},1:::�::'.::..�...�... ' _. .__—__ __—'-�e
<br /> 1 ,�nd ' .hap hr applie.�l: tir,t. t��am prepay oien[rhargr, Jue under the Nute: ,�cund. [u aiiioum, p:,�.,hlc under paragraah 2. �- , ,�p.�•*�.�
<br /> � th�rS. tu int�rc,t due:ti�urth,tu pnncipal d¢�::uiJ I;ast.to any late chargea Jur under the tiute. . -_
<br /> 4.Char��: LienS. Bormwer,hall pay all taxes.as�e�timents, chargcs, fines and impositions attributable tu thr Pn�prrty � � �" `�� _,.b.:'�:�i
<br />� - which ma� attain Dnority ocrr thiti Secunty Instrument, and IeasehulJ paymenn ur ground rent+. �f:u�y. Borruwer +hall pay ��;
<br /> � .� � th�,r uhh�.auun.in[he m�nner provided in paragrdph 2.�,r if not pa�d m that manner. Borruwzr+nali pay �hen�un tiu�e J�r«ti: �.-=_-=""�= : -
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<br /> � t�,ihr per,un u�.•�Y!p�yment. Bnrruwrr,hall prumpdy lumi�h tu Lrnder all notfre,uf'amuunt.tu hr paiJ under thi,paragraph. • �"�.•.. .
<br /> � 11 R„rn,��rr mak�.thr.�paym�nt�dirertly. Burruwrr.hall prt,mptly furni,h tu Lender rercipt.c�iJcncin�thr paymrnn. , . .'.��°��' �
<br /> � Burr„arr�hall promptl�•Jiuharge any lirn which ha,pnunty oecr thn Serunt} In,troment unletiti Burruwrr: ia�agrec,in `*. �'_
<br /> . � u nnng tn thr pa}ment��t thr uhl�gatiun,�curc�h� thr lirn in a mrnn�r ac�rptaMr tn LrnJer. �bi cunte,t, m gu�Ki i,�uh thr hrn �;�`� �_-�_
<br /> ' � h�. ur drt�nd, agam,t rnturcrm�nt ut th� lirn m. I�LaI prurrrding. whirh in thr Ixn4c�' ��pinwn �,per3tc tu prr�rnr thc `' '� ^ '�',�, ��
<br /> � �nturccmcnt oti the li�n:ur�r�,ecur«frun�thc huldrr ut tfir Grn an agrrement,at►.iactun t., l.rndrr�uhurJin:tting the I�en tu ."`'� `� . �
<br /> x.�--
<br /> � ihn S�runt� In,trumrnt. It'Lcndcr Jctrnnin�� that any part uf thr Pru�rtv i++uhje�t t��a lien �vhich ma} attain pri��nty.nrr "4_�'� ��
<br /> � thi,Srcurit} In,trum�nt. l.rn�l�r may gn•� Burru�ver a nutire iJrntif}mg the lien. Burrua•er,hall .ati,fy thr lien ur takc unr ur • _- „
<br /> murr ut thc arti�,n,,�t t��nh ahu.�N ithin Il)days uf th��icing of rn,tirr. .' ' '.. _ - —
<br /> 5. Hatdrd or Proprrt� In.+utvnce. &�rruw�rr .hall I.crp tht impruvem�ntti ne�w rri�ting ur hereafter crcrted un thc -.
<br /> • ' Prupcm �n�ur�d against lu..b� br�. ha�.�rd� incluSrd «ithin chr tcrm rxtend�d coccrag�' anJ �m uthcr h:v.�rJti, inrluding
<br /> .��- fluuJ�ur I1�a�Jing. I��r whirh Lendrr reywrr. in+uranrr. 'fhn in,ur:mc�.hall be maintained in the amuunt.anJ ti�r the period+ .
<br /> , Ihat L�nder reyuirc�. The in.uranrc rarr�cr proviJing thr in�ur;uice,hall be rhrnrn h� Borruwer .uhj�ct tu Lender'ti appren•al �::' � ��.T• ,�
<br /> • which ,hall nut he unrca+onably withhtlJ. If Bon��wrr faih ta maintain ruvrr.�gr Jr.rribeJ abnve. Lcnder ma�. at Lender'� r ` . �
<br /> � uptiun.ubtxin ruverage tc�protert LenJcr',right,in the Property in ara�rdance w ith p3ragraph 7. �§� �:� ';f
<br /> A l l i n.u r a n c c p o li rieti and rene�valti tihall be ac�e pWble to LxnJer anJ .hall mclude a �tandarJ mortgage�lautic. I..rnJer ' �. ; _
<br /> ' +hall have the right to hi�IJ the pahci�.and renewal.. If Lender myuirc.. Bottower+hall prumpdy gice tu I�en der a l l receipts o f __ :� . --
<br /> paid premiums and renewal nnticr.. In the event ul lu,,.Barrow�rr,hall gire prompt noti��tu the irnurancr carrier and Lxnder. �
<br /> Lendcr may make pruuf uf Irn�if nt�t mudc prompdy hy Borrc�urr. � �^" =*
<br /> Unle,.L.ender and Burruwer nthcrwi�c agree in w�nting.in�uranre procecds ,hall he appli�d a�r�wtorauon��r rrpair nt the - �i. �. '
<br /> Pn�perty damaged.if[hc rr.turati�m��r repair i.econamicalh fcatiiblc and l.cnder'�.ecurit�• iti niu Ies,ened. If thc re�toration or �' " r
<br /> , repair i+ not eronomicall�• f�a..ible ur Lender'�,ecurity w��uld he IcueneJ,thr�n.urance pruc�eJ, ,hall br appli�d tu the tiun�, �,,"_ �: .
<br />• - ,ecurrd by thi, Serurit}• In,trumcnt. �vheth�r ur nut thcn Ju�. Huh any �xcc�r puiJ t�� B��rrowcr. If Borru�ver abandum the - �,�,,
<br /> � Proprrty. ur doe�not an.�•rr within 3Q day.a nutic� Irum 1xnJrr that the in.urnnrr carricr ha,oftcrui tu>rttle a rlaim, then o'=�=�-
<br /> � LenJer may rullut thr imura�►c� prore�dti. L.cnder may u�c the pruceeds to r�pxir ��r rr,turc the Prupcny ��r to pay .un�s .�i`
<br /> ` •.'; �ecured by thi�Security Imtrument.a•hrthrr��r not then�lue.Th�3(3-day pericxi will begin when the nrni�e�s given. �;;..
<br /> 7C's.
<br /> • Unle�+ Lender and Borrowcr uthcnvi�c agree in wruiag, any application of procecd, to pnnc�pal .hall not extrnd �ir �u •:�:�,: _
<br /> portpane the due Jate uf the monthly paymrnt� rrfcrred tu in paragraph, 1 and 2 or change the amount of thr payments. If -
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<br /> undcr paragraph 21 the Pruperty ��a�yuirrJ hy [.�nder. Rormwrr'�nght tu any imuraria p��lirie�and praccedti n�ulung trum - 3��v
<br /> dam:�ge to the Property priur to the aryui,itiun,hall pa.�t��LAnder tu the extem uf the+ums�ccured by this Sccurity Imwment .'�',� ���.y.;�.�`:
<br /> � •' � immediately prior te�tAe acyui,ition. r �'��`"�
<br /> 6.Occupancy. Pre�ervatton,1laintenance artd Protectii�n�►f the Property;fDorro�ver's!w►an Applicatlon;l.easeholdc. "="'''r��.: ,_ _..
<br /> Barrower+hail occupy,e�txblish,and u�e thr Prc�peny a.Borrower'�principal re,idence within�ixry Jay.after the exrcution�f �"'" "�
<br /> R �:-~�
<br /> . this Security Instrumcnt and,hall �untinue tu occupy the Proprrty a.Bc>rruw•er'�principal reti�denrc ti�r at le:��t unc ywr after ����' ;� , �—
<br /> the date�+f ucrupanry. unlr,+ l.ender otherwue agmeti in K•nting. whinc�oment �hall nut b�unreawnably wrthhelJ. ��r unles� '�•�=�
<br /> extenuating circumstance. �xitit which arc beyond Borrower'� runtr��l. Burrower tih�ll not de+tmy. damage or impair the _ *_�--'�"�`-�.=—
<br /> �• Propcny. apow the Proprrty tu Jctcriorate, ur rommit a•a.tc on thc Propcny. Borr��wer tihaU be in dcfault if any tiirfeiwre �=,�: ;. . :_ . -
<br /> � arti�m or procrcding. whethrr�ivil ur crimindl. i+ hcgun that in I,end�r'ti gu��J taith�udgment cuulJ rc�ult in tiirfciturc of the ,
<br /> Propeny ur uthcr�ri+e materially impair th�licn creat�d h� thi.Sccunn• Intitrument ur Ixnder'��ccunty interctit. Burrower may '- ��<'_' �� �
<br /> '��:.
<br /> , rurr,uch a Jefault and reimtate. a.pr„viJed in paragraph 1 R.hc �:m,in=the acuem ur pru�reding 1��hc Ji�mn.�d w�ith a ruling ' : __•;-.,_
<br /> that. tn La:nder', �:��uJ (aith drtrnninauun. prerlude� tiirfciwr; ��t the Burru��er'� �mere,t u� th� Prup�ny ��r uther materiul � �.:-'"—
<br /> impa�nnent uf the licn �reatrd h} thn S�rurity In.trume�n ur Lcndcr'� .crurity interca. fiorcuw•cr+hull al,u he in dcfault if - �
<br /> Borrower.Ju�ing thc luan applic.�u„n prc,rc.,.ga�.r matcrialh tal�r��r�na�curatc inf�+rman�m��r,tat�mrnt,to Lrndrr lur lailed =-_
<br />� � � tu pr�wid�Lrndrr��ith any matrrial infi,rmati�ml in ronnrcunn Nith thr lu:m�ridrnc�d h� thr Notc. mrluding. hut nut IimitcJ . - . �;"��` .
<br /> _ , u�. reprr,cntatiun.runccrnin� Borruurr'.��ccupancy ul thc Proprrty.i,a pruuipal rr.iJcnrr. If thi.Srrurit} In.trumrnt i��m a . - `• .. ---- �- -
<br /> Iw�ehold. Buttowe� tihall �umph �silh .tll Ih� pruvistonti uf Ih� IC:1+C. If Bt�rruµ'�f a�ywrr+ lu' ��tl� lu lh� P���p�fly. Ihe .-i'"�+��'��`=f�
<br /> Ica�chold and thc fcc tidc�hall nui mcrgc unlc,+Lcndcr agruti tu thc mcrgrr in writing. , • . —
<br /> • 7.Protection of l.rnder's ldi�hts in the Propertr. lf Rurruwcr fail�to perfi�rm thc covcnants and agrccmcnt�c�mtaincd in , • �
<br /> thi+ Scrurity Intitrumcnt. ur thrrr i.a lcgal pr�x�rJing Ih:it may +ignificantly :�ffect I.�ndrr'�right�in thc Propr«y hurh a� a ��
<br /> procced'+ng in bankn�ptry. prubatc. lur cundcmnatiun c�r ti�rlcuurc „r tu rntirrrc law. ur ngulauun.i. thrn I.�nder ma�•du anJ ; '. .
<br /> � pay fitt whatrvcr i, nere�rar}� t�� prutert the �alur nl Ih� Pruprm :md LxnJcr'� right. �n the Pruperty. IAnJrr'. acuon+may ..
<br /> inrlude paying :m� ,um, •�rurcJ hy a licn wh�ch ha, pnunt} ��vcr thi� Sccunty In,trununt. appranng m court. paying �°
<br /> . . rca�unaMc auurnry,' tcr.and rntenn� ui�thc Pruperty to makr rcpa�r,. ,111h�,u�:h l.rndrr ma�• ta6r aruuu wi�trr lhi> (',ar.i�:raph ..
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<br /> 7. I.Cnd�r Ju��nuI h:�v�Iu du�o. . � ■".,.
<br /> Any a�uuunt, di.hunrd M Lcn�lrr un�lrr thl. paraer.iph 7 .hall hrr�,nu adduu,nal �Irht nt F3urru��rr .rrured h. tlii. .
<br /> ., ti�rurUv Imtrumrnt. l�nlr.� Hurrourr anJ I.cnd�r agnti ti,uthrr trnn, ��I paynirnl. Ihr�r .mwunh ,hall hcsr tntcrc�t Inmi thr .
<br /> Jatc ut Ji,huncmcnt at thr tiutr ratr anil �hall hr pa}.ihlr. ��dh intrrr,t. upun nnt�ic Inmi I.�nJrr tn Bnrrnarr rcyuc�t�n� . .
<br /> �
<br /> • paymrnt. • •
<br /> 8. tlort�a�e Inwr�amc. 11 IAr.Jrr rryuin�l nu,rt�agc m.urancr a• a r�,nJiu��n�,t mal��ng thr luan ,rrurrd h� thi.ti���unt� . . �'
<br /> In,trumrnt. H��rrnWrr .hall p:ry thc prcnuuni, r�yu�rrd ti� m:untam tb� m��rtzagr �murancc in rttcrt I1. lur anv rea,un. th; �
<br /> � m��rtgagr inwrancr ru�ira�r rcywrrJ h� I.rnJcr I:�p�r.�v r�a.c� tu hc tn rtfrrt. k3urrm�rr .li.dl p:iy Ihr prrm�um. rcyuircil t„ -
<br /> - �,htain i�,�rrag� .uMtanttally ryui�:drnt w�hr murt�aLr unuranrc pre���,u,ly in rtlr�t.at .i c��•t ,ubtitantiall} r��uivalcnt t�, thc _ ��..
<br /> � ru,t tu Burru��rr �,t th� mnrt�arc tn,uranrr prc�i��u.l� tn �Ilict. truin an alternalr nual_.�gr in,urrr .�pprn�r�l h� I.rndcr. If _ • +- .�_�
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