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<br /> �, If the amounts he(d by Lender for Bscrow Ilems exceed the amount�permitted to be held by 1tESPA,Lereder shnU � .
<br /> account to Borrower for the excess funds av requirzd by RESPA. If the amounts of funds held by Lender at any timc �?
<br /> ,:r.r�+�' aro not sufficient to pay the Escrow Items when due.Lender may notify ihe Rorrower and require Bocrawcr to make up �, �.:_
<br /> '��*•'�' tha shartnge as permitted by RESPA. �`�-
<br /> 'Ihe Escrow Futtds aze pledged av addIdonal securiry for all sums sec�red by this Security InstnunenG If Swrower �. �;�
<br /> te,�ders to Lender the fuU payment of aU such sums,Bor,ower's���unt shall be cmdiced�viUi the bal�tce remaining for ••
<br /> i, all installment items(a), (b},and(c}a;�d��y no�igage insu:ln�premium installment thet I�ender has not hecome
<br /> obligat,ed ta pAy to tha Secretary,and Lender shnll promptly refund any excess funds to Borrower. ImmecUately pdor w -__
<br /> �_ a foreclosure sale of thn ProPerty or its acquisidon by Lendu,Borrower's account shall be credited with arAy balance :}::_-:�Y
<br /> remaining for ell instaliments for items(a),(b).and(c). -
<br /> = '� 3.Anplkatbn oP Poyment�.AU payi��ents undet par�gntphs 1 and 2 shall be applied by L,ender es fopows: �.=
<br /> �` �,to thn mo r t g e ge insurance pm�nium w be paid by F e,nder to the Secretary or to[he manfhiy chae�c 6y IhG
<br /> �'. �'°;
<br /> Secretary instrad of the monthly mortgap,o insuuanoe premlum� ...
<br /> �. �,to eny taxes,specisl essessments,Icas�h�ld payrnents or ground rents,and Pue,flood and other ha�d �,,f._
<br /> ,�s,s; insurance premiums.as tequired; �`_
<br /> �;,;.:.,;;: �,W int�rest dua undsr tha Note: _'
<br /> ' ��'�`• �$,w amo�.ndon of the principul of ihc Note;an�
<br /> �
<br />- `'�`� FjQ11,to latc chsuges due undcr the Not�. _ _
<br />- 4.Fire,Ebod an�l Other Hgrurd Iugumnce.Baraoa•er shall insure all improvements on thc Pr�perty. whether _
<br /> now in existence or suUsequently erected,egainst nny ha�d�,casuuldes,and condngencies,u�cluding fue, for whict► —
<br /> , . Lendcr requires insurence.'17�iti insurance shall be maintainra9 in the amounts and for the periods t1�at Lender Yequires.
<br /> • . ,� ;,;c Boaowor shall also lnsurc all improvements on U�e Property,n�hcthcr now in existence or subsequcndy ercctcd,egainst
<br /> •_.�-- losg bv floods to the ettent required by the Secretary.A11 insurancc shall be carried wi1�'��mP���Pi'n°ved by I.endu.
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<br /> The insurance policies and nny renawftls shall be h���1 by 1.Er�:irr and shali inciude joss payaole clau�ir�faz�r af. a�3 �
<br />;��,�� � •'': , in a form acctptable W.I.e�idcr. --
<br /> ' ���• `� In tha event of loss,Harrower shall give Lender im�adimo nouce by mall.I.ender muy make proof of loss f!'r not
<br /> - -,'���" mado prompdy by Borrowcr.Buch insurance company corecem:r�is hereby authorized end dixected to make Payment for
<br />-;:�'�*;';,�:` suc6 loss dirccUy to Lendcr.instead of W Bomower and to L,tn:irt}oindy.All or eny part of the insnrance procexds may
<br /> �.'`��';.;�;,. bo eppllcd by Lcnda.at it�opdon�eithc�(a)w the red�ecflon of the indebtedness under the A*�tc and thia Socuriry
<br /> ` `� Inawmait,Cust to any delinquent omounts appUed 1n the order in para�raph 3.and then to prepaymcnt of principal,or
<br /> �:•'`_�,uLL�,� An iketton of tho pmca�s to the prIncIpal shal!not extend
<br /> (b)to tho rostoradon or ropstir of thc dnmagod Froperty. Y ePP
<br /> _��=���°� or posqwno tha duo dnto of the monthly paymen�s which are rcfecred w in paregreph 2,or ctuinge ihe amount of such
<br /> _L�ti.�,� paYments.My eaccss inEUranoo procwd5 over an smwu�t rrquired to pay all outstanding indebtedness undcr Ua Note
<br /> �----��-� a n d t h i s S e c u r l ry I n e u u m c n t s h u l l b o p a i d W t h c t�t i t y l c g a l l y e n d U e d t t icscto•
<br /> °`n�_��:.�;� In iho event of forcclosure of this Securitylnsuument c+r other transfer of dde to tl�c Property that eatingWshe.9 ihe
<br /> _ `^`"'°"�:��
<br /> indebtodna�s�aU r"v�ht,dtle and interest of B�rrower in and�o iusurance pollcies in force shsdl pnss to the puncha5a.
<br /> -. _-_�•-� S.Oocup�ncy,Preservatioe,Maintenante antl Prote�kion ot the Propertyi Borrower's� Loan Applkatbv;
<br /> I.ea�e6olds. Bamnwcr shaU oecupy.establish.eecf usa t1x�Property as Borrowu's principal cesidence within sixry clays
<br />'��'.s�
<br /> aft�x tho execudon of this Secnrity Instn�ment(a with9n sixry days of a later sale or transfu of the Property) and shall
<br /> - _-�.� �n�����y Qlo Property es Borrower's prineip�l cesidence for at least one year after the date of occup�ancy. .
<br /> =��y� unless Lendcr dcu�mincs that requirertient will causc u�ch�e hardship for Borrower,or unless extenuating circumstanoe..�
<br />==--i�-�-;�.� cust which ur�t btsyond Barrowcr's controL Bottowec st�xll notify L.ender of any eactcnuating circumstances. Bomowcr
<br /> ---=-°— shall not wmmii wasu or destroy,dnmago or aubstantially chunge the Prope;rty or allow the Property co de�riomte.
<br />,;-�� reasonable we�and tear exceptod.Lcndcr rr�y inspec�the ProP�nY����PenY is vacant or abandonod or t3�a loan is
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