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II lli«* f uinlr. Im IiI liy I ••• * *1 rinl |Ik» .ninotml^ lo lie li^M hy slunM acraiml lo
<br />DnnoMfcr lof llw excess Tu » nccottKmce with tlH» reritWieinenfs of appl*f:al>l« law I. amount of tl»e FiM>rts held
<br />by Ictwlrf at any time is no. ..uflicicnt lo pay llio Esriow Hems when due. Lender may so notify ntinowcr in wiiliny.
<br />and. in sutli case Ooftowe» shall pay to Lender the amount neccssaiy to tnaVe lip the deficiency. Borrower slvall make up
<br />the dehoetu y in no iiuho than twelve miMilhly payments, at Lender's solo rJiscrelion.
<br />Upon naymeiit in full of all sums sectwed by this SeciNity Inntrinnent. Lender shall promptly rofunti to Borrower any
<br />rtinds held hy Lender If. under Paiaijiaph 21. leiidor shall ac(|uire or sell Ihe Pn porty, Letuler. prior to the acquisition or
<br />sale of the PrnpcMy, shall api*ly any fuiMis licid by Lender at the lime of acqiusitiun or sale as a cicdit against the sums
<br />secutcrl by tins Secinity Insliurnenl.
<br />3. Appneation of P.Tvnicnls. Unless ap|»l»cablc law provides otherwise, all payments received by lender under
<br />Paiagiaphs I and 2 shall he applied first, to any prepaymen! charges duo under liie fiote. second, to amoiwits payable
<br />under Pataginpli 2; tlidd. to interest (ftio: loiMtfi. lo principal due; anri last, to any late charges duo under the Note
<br />4. Charges; Liens, Dr>rrnwei shall pay all taxes, nssrssments. rhai(|r^s. fines and impositions altnliiiiahlc lo llie
<br />Piopeity whirli may attain pfionly ovri tins Soruiily iMSimmcnl, and leasehold paymcnls or yiouinl rents, if any.
<br />Bonower sl«all pay iliese ohligations in Ihe manner iKovidcd in Paragmph 2. or if not paid in that manner. Borrower shall
<br />pay Ihoin on lime directly to the person owed paymeni nurrower sli.iti promptly fianisli to I endcr all notices of amounts
<br />lo he fi.iid iMMlor this pararirafili If Uonower makes tliese payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments
<br />nurrower shall pinoiplty disi.haige any lien which has piiorily over tins Secuiily Inslruinent unless Borrower |al
<br />agrees in writing to tlie paymeni of the oNigalion secured hy ll»e lien in n niannci ncceptahlo to Lender; (hi conlesis In
<br />flood lailh the hen by. nt cleicnds afiainsi enlofcomcnl of the lion in. legal proceedings whirli In the lender s opinion
<br />operate to prevent the enlurcement of the lien, or (cl secures from Ihe holder of the lien an agieement satisfacloiy lo
<br />Lender suhordinaiinq the l»cn lo this Sccuiity inslnimenl If lender determines that any pait of the Property is suh|cct to
<br />a Ill'll wliM h may alt.no pnotily over this Seruiily Insliianeiit. Leiulei may give Brrrrowcr a notice identilying tlie lien.
<br />Douowcr shall s.stisly the hen ur lake one or more of the actions set (ortli al>ovo within 10 days of the giving of notice.
<br />5. Hazard or Properly Insiiranca. Borrower shall keep Ihe improvements r^ow existing or hereafter erected on the
<br />Properly insured against loss by (ire, hazards inchNlod witlun the term “extended coverage“ and any other hazards,
<br />inclufhng floods or lloodinij. for which Lenrier rei|tmes insurance. This insurance shall he maintained In the amounts and
<br />lor the peiiods that Lender rer^iiires. Ihe insuiam e carrier proviiling the insurance shall he chosen liy Bonnvver subject lo
<br />Lender's approval whii.li sImII not he uiweasonahly withheld If Bonower fails lo maintain covetayo desenbed obove.
<br />Lender may; at Lender's option, obtain coverage to protect Letulcf's rights in the Property in accordance with Paragraph
<br />All insiH.snce policies and renewals shall be acceptable to Lender and shall inclmfe a st.indard mortgage clause.
<br />Lender shall liavc the right to hold the iiolicics and renewals If Lender requires. Borrower shall promplly give lo Lender
<br />all receipts of paid pirmmms aiMl renewal notices. In lire avcnl of loss, Borrower shall give prompt notice to the
<br />iiistwanrc carrier aiwl I eiHler. lender may make pioof nl loss if not made prninfdly hy fforiower.
<br />Unless lender ami llminwei ollimwise aijiee in witling, insiiranra (uoceeds sh.all ho applied to resimatinn or repaii of
<br />the Piupriiy d.imaijed, if the restoialinn or irpaii is rconnimcally leaniMc and Lender's secuiily is not lessened. If the
<br />restoration or tepaii is not ccrjiKmiically fonsiNn or Lender's ser.itrity would 1)0 lessoned, the insurance proceeds sliall be
<br />niiplied lo Ihe sums scciiicd liy tliis Secuiily Instiunicnl. whelher or not Ihrn due. with any excess paid to Ooriower. II
<br />Bonower ahaudtius Ihe Pfopcily. or docs n«d answer wilhin 30 days a notice frniu Lender that the insiiinncc earner has
<br />ollcicJ to settle a claim, then Lender may collect the insurance proceeds. LerNlor may use the proceeds lo repair or
<br />restore the Pro|ierly or lo pay sums secured hy this Security Instnimonl, whether or not then due. The 30 day period will
<br />begin when tli** notice is given
<br />Unless Lender and Oorrawer otherwise ngioo in writing, any application of proceeds to principal sfiaM not eMlcnil of
<br />postpone (he due date of Ihe rnonthl/ p.iymcnts rcfcircJ to in Paragraphs 1 otul 2 or change tlie amount of lire
<br />payments If under Paiagrapli 21 the Properly is acquired try Lender. Borrov/er's rigid lo any insurance policies and
<br />proceeds rcsulling from tiamago to Ifio Property firior lo llic ncrpiisilion sliall pass lo Lender to the extent of the sums
<br />secured hy this Security Inslniinent immcdialely prior lo the acrjuisilion
<br />fi Ornipaiicy. Preservation. Mainteiianco anil Protection of the Property; Boirowcr's l.onii Applicniinn; Leaseholds,
<br />nmiowei sh.ill un iipy. eslahlisli. and uso llie Piupeily ns floirowor’s piinnpal residnnr.o wilhin sixty dnys niter Ihrt
<br />rxer.iiiiun of this Security Inslniiiienl aiul shall conliiiuo to occupy (ho f'loperly as Borrower’s principal residence lor nl
<br />least one year alter Ihe date of occupancy, unless Lcniler otherwise agrees in wri;e»g. which consent shall not he
<br />uiifcnsonahly withheld. Of unless cxleuuatiug ciicumslanccs cxijl which nie beyond Ooirower's control. Borrower shall
<br />nol dcsboy. damage or impair the Pioperly, allow the P operly to detcriorato. or coiiiinit waste on the Properly.
<br />Onrrowor shall be in dclaull il any (nrleitiiic action or proceeding, whether civil or criminal, is begun that in lenrier's good
<br />failli imlgmcnt crmirl result in (oricituic of the f*in|^eity or otherwise materially impair the lieu created tiy tills Security
<br />Inslfumciit or Lender's secuiily iiitercsl Oonowci may euro surli a default nn<i reinstate, ns firovided in Paragraph 18, by
<br />causing the action or fMocceiling to ho dismissetl with a ruling that, in Lender's good faith delerriiination. precitirlos
<br />fotleiltirc of Ihe Borrower's interest in the Pro(»eily or other iiiatciial impairment of the lien created by this Security
<br />Inslnimenl or Lender's sccunly intciest. Borrower shall also bo in default il Oorrower. during the loan application ()rocess,
<br />gave materially lalse or inarciiratc iidonnalion or statements to Lenrier lor failed lo piovidc Lender with ony material
<br />tnfonnnlinn) in connection with the loan evidenced hy the Note, inclirding. but ruil limited In, rcpresenlalions concerning
<br />nottower's ncciifiancy of the Properly as a principnl resirloncc. If this Security InstnnmMit is on a leasehold. Borrower
<br />shall comply with all the provisir^ns of the lease If Doirowuf acquires Ice title to the Piojtcrlv. the leasehold and the Ice
<br />title shall not iiieigc unless lender ngiecs lo the merger in writing.
<br />7. Pfolectioii of Leiidei's Rights In tlie Property. If Borrower (ads to perform tlie covenants and agreements
<br />contained in (his Security Insliuiiirnt. or tlinc is a leg.il ptuceediiig that may r.irjnilicanlly nfh’cl Irndn's rights in tho
<br />Projicriy (sui h ns a ptoccr'ilutg in liauVniptcy. |»icjhate, lor coudcmnalion oi loilcituic or lo ciiloicc laws Of regulations),
<br />then lender may do end pay for vdiatcvcr is necessary lo firotect the value of the Properly and Lender’s rights in Ihe
<br />Properly Lender’s actions may include paying any sums secured hy a lien which has priority over this Security
<br />Instrument, nigiearirig in court, paying reasonable attorneys' fees and cntciing on the Prcptrly to make repairs. Altliough
<br />Lender may lake action under lliis Paragraph 7, Lender riocs nol have lo do so.
<br />Any nmoiinis disliuised hy Lcnilcr under this Pararjiaph 7 shall become additional debt of Borrower .secured tiy this
<br />Security Instrument. Unless Borrower and Lender agree lo other terms of payment, tliese amounts shall bear interest
<br />from llie dale of disbursement at the Note rale and sliall be payable, wilfi interest, upon notice from Lender to Borrower
<br />rcguesting fiaymcnt.
<br />8. Mortgage fnsiironce. H Lender required mortgage Insurance as a condition of niaVing tlie loan secured by this
<br />Security Instru.ncnt, Borrower sliall pay the picmiums required to maintain the mortgage Insurance in effect. If, for any
<br />reason, the mortgage insurance coverage requirrd by Lender lapses or ceases to bo In effocl. Borrower sliall pay llie
<br />premiums reguiicd to olilain coverage subslaiilinlly equivnfent to (ho mortgage insurance previously in effect. M a cost
<br />sulislantialty cquivatcni lo the cost to Borrower of tfio mnrtgooe insurance piewinusly in effect, from an .*ittornaln
<br />rnoitgage insurer approved by Lender. II subslnnlially cr)uivalent mortgage insurnnr.c coverage Is not avnilnlitc. Borrower
<br />shall pay lo Lender eacfi monifi a sum equal lo one twcIHli of die ycady morlgago msmani.o prciimim being paid by
<br />Borrower wlini tlic insuianro coverage lapsed or ccaseu lo be in effect Lander will accept, use and retain these
<br />payments as a loss irseive in lieu ot moitgage instiiance. Loss reserve payments may no longri he required, nl tlie
<br />option of Lender, if morloagc insurance coverage hii Ilia amount and foi the peiiod tfiat Lcndei requires) provided by an
<br />insurer approved by LciMfer again becomes available and is obtained. Boirowci sf» ill pay tlie picnmims required lo
<br />maintain motigagn insurance in affect, or to proviife a loss rcscive. until tlie requirement (or mortgage insurance ends In
<br />accortlanco with any written .agreement between Onirower and Lcnde.r or applicafilc law
<br />roriii 3021 9;D0 U*^ge 2 of 4 pnqcM
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