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<br /> , londer mey,et any tima, collect and hotd smaunta lor Escrow 1ton�o � an epprapnta amnunt ont tc� oxce�d IhA marcimum .
<br /> _ • F ' �mounl Ihal m�y be roquired for Qorrowere essrair ecr,ount undor Iho Roal�atnto 3c�U�aro��nt Prqoadi�mn �et ol 1fl7s, 12 t1.S.C.
<br /> � � = �2601 n�@gq,�nd GnFiementtnp requledone, 24 CFR Part 3500, eo tliny mny bn emnndnd irqm tlmc+ tn thrrp ('RESPA"), excapt •
<br /> � i� fhst the ouehlon or reaerve permilted by RESPA lor unantlClpat(id difburr,empnt[t or atsburnc�m�ntn Bofura the Bortower's
<br /> psyments tre avallabie In the eccounl may not be bseed on amounto dun (nr tNn m�rtpopn Innumnr� prnrnhim.
<br /> � . I�Ihe amounte hetd by Lender f4r Escraw It�tma excoed the amnunta porenittnd ta bo hntcl by F�CSPA,l,endar �hall 0000unt .. ,,
<br /> ' •• lo Borcnwer tor tho eice�o Nndn as requlred by RESPA.II the amauntti o}tundn holU by LonAcir nt an��tirnn aro not euff{cbnt to
<br /> � ` pay the Escraw Items when due,l.endcr mny notify Ihe Bonower and mqulre Borrqwr�r tc� mplcp up tlin ahnrtnpe eo permttted by �,
<br /> . . - •��" . RF.SPA. ,}.:
<br /> - The EsCrow Funds are pledq9d ss nd4(tionnl secueky for ell suma sncurrid by thls 3eaurily Inntnimc+nt. If Borrower tendera �
<br /> '���, to Lender the h,n paymant of ell such sume, Borrav,er's eccount shNl bo croditod wHh tho b�lEmoo remnininp tor all Instnllment � ��'•
<br /> Itema I•�1. (b), and (c)and nny martgaeo Insuranae premlum In�tcdMnnnf thnt Lendar hna nnt b�aomn oblsgated to pay to the � ' .
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<br /> . � &ecrelnry,and LOnder shnll promptly rofund any e.xcess funds to Borcq�var.Immodli�toly prlar to a farnalpouro sale ot tha Proporty ,�., ,
<br /> � or fte acqulskion by Lender,Bortower'a aca0unt 8hsd be creditod wHh any bnlEmno romnlninp far ell tnntullments lor Items (e),(b), ��,,�;=:
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<br /> � , 3. ApPlicetlon ot Paymenta. AA psymenls under Pt�ragrephn 1 end 2 ahnll bo epplYnd bp Lender as lollowa: . ;_
<br /> � � Flret,to tha morlgage Insurance nrcmlum to be paid hy Lnndor tn tNo Sbcrotary or to thn manthty charge by tho Secrotary ' '':
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<br /> hateed of the monthy morlpage Insurenao promfu-n; �r:,,.
<br /> Second, to any texes, special assessmonts,leasoho►� paymont�� or pround rt�nhs, and fire, ftood end other hazard '"-A=`
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<br /> insur�nce prembms, as requked; -
<br /> '`�'� Thlyd�to hterest due under ene Noto; = -
<br /> " Fourth,to emortlzation of tho prinCip�l oi tha Note;end
<br /> � Flfth,to lete chargos due under thn Note. ��
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<br /> '"'�'�I,�� 4. Flre, Flood and Other Ht�erd In�uranae. Borrownr shnll Innurq all IrnA�ovements on the Praperty, whether
<br /> :.� .; ' :
<br /> � •�'��' now h exlstence or subsequontly erectrtd, agsin�t eny hararda, cnsupRloe, and ooNln�ancies, Including flre,(or whbh Lender
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<br /> i ' requres N6urance. Thls (n6uranCO shnll b9 malntolned In tho amountn ond tor thn podods that Lender raquke9. Bortpwer ehell u_�-__
<br /> ' also hsure afl inprovaments on the Pro�orty,v,hether now In exi�tenoe or subnequontly ereoted, agelnst loes by tlaods to lhe _-
<br /> 'r'�°`' �';` e�ctent requked by the Secretary.All hBUrence shaa be carcied wFtlf aampenir�a appmeed by Lender. The fnsurenca polloies and ---
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<br /> �'��:1���'. any renewals sh�0 be hefd by Londor and shall IncNde loss payflb4u c�:uoes In hivor at,and In a form ecceptabie to,Lender.
<br /> •.,%`�#t�;4�:_. in �na wvmt ot bss.Borrower shnB g:vo Lc�nnder knmfld4�ta nat{Ce by nnnil. Lunder moy maka prooi of bss H not made
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<br /> � ;i promptiy by Bortower. Each Insurance company concemod Is hflroby authorim0 and dkocied to make payment lor such bes
<br />;�,�: ` direoty tA Lander, instead of to Borrower and to Lender Jolntiy. All or an�� pnR oi the Insurpnoe pracaeds mey be appifed by
<br /> ",.,.,,�f�sNt,��•• Lender, et ks optlon,ekher(a)to the reduotton of ihe hdobttidnoss undor tho �tote end this Seourity Ins4rument,fkst to any
<br /> __ ;�.;�.;t�; dellnquont emounts applied h tho order In Peragraph 3,and U�nn to p�opayrn�nt of pnc�lpal,or(b)to the restoratbn or repelr of
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<br /> w°ri;t,.�,�,, th� dnmaped Property. AnY �PP��ation of the proceeds tn thfl prinalpal shnll nnt extend or postpone the due date ot the
<br />",3st'•.: �'�"• monthly peyments wh�h us nferred to In Parnpnph 2, or oht�npo tho emaunt o} such paymontB. Any excess hsurnnco _
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<br /> �A{fR proceetfa over en amount requlred to pay nll outstendhg hdebtednflse undar thn Note and thls 5ecurity Instrument shall be pald
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<br /> ,Y�t:;r�,��'"" to the entky lepnly entkled thoroto.
<br />-=�%!a��f���fY,.� In the event a} toreClosuro of thls Sscurky Instrumont or atNer tmnt�for of tflle ta the Property th�t extinpuishss the _
<br />-�-;`i-_; • Indebtednesa,�tl ripht,tEtie end hterest of Borcower h and ta influrnnce polri��s h force shall�s9ss to ihe purCheser. _
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<br /> ----��.-.�� 6. Occupsncy. Preservation, Melntenance end I�rmsac4�an of the Property; Borrower's Loan
<br /> -_-•`�`�'� AppllCnt100; Leeeeholds.Borrower shan occupy,86tE1h6�[h, and c�ua tHo Property ae Hortowere princip�l residenc�wkhln
<br /> -`-'"`�`'� s6cty days aftor the exeautlat of this Secturity Instrument(nr wifhL�shty days ot a later sele or trnnslar o4 tha Proporty)t+nd SAall
<br /> �:��eu`�s� conl'nue to xcupy the Property as Borrowerc gnc�ipal rpsklonce (or at tea5t one year efter tha date'of occupcncy, unlese
<br /> ;;=� Lf►nder determines thnt requ�ement wIH ceuse undu9 hardshk�R�r Bortower, or unlesa extenuatlnp ckcumstancos exbt whfch er�
<br /> -;�::�:��� beyond 8orrower's control.Bonower shall notlty Lender ot any extonuating cUeumstences. Borrower shall nal commft waste ar
<br /> -"—��i-� destroy, damapo or substentialy change the PropeAy or a0uw the Prorerty to deterbrnte, reeaonable wea�end tear excepted. ---
<br /> �-° ____ _�! Lender may hspect tho Property B tho Property Is vacant or abnndoned or the ban Is In dofauR. Lender may tske reasonable
<br />-"'�;`.�i��i,�'a aotbn to protect and praserve such vnonnt or atrandonod proporty.Bortower ehall also be h defauk R Borrower, durfng the ben _.
<br /> ---=-- — appl�atbn procesa,qave matorialfy ttl�e or Inoccurelo Wdr�nttbn or stetements to Lertder(or falled to provlde Lender wfth any _
<br /> � `��`�`!'� materisl hiormttbn) In connoctbn wkh tho loen evldencad by the Note, h¢Iudlnp, but noZ 1lmried to, representatbns aoncemNq _
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<br /> _.,.,..�.,.,�;:� Bartower's nccupanoy of Iho Propeny as e pr�ncipal rosklence. II thl; Seaurily Instrument Is on a basehold, Borrower shall
<br /> �-->�rF�;�„� aompy wkh lhe provlslone of tho Iease.If Borrower ecqukes tee tRte to tho Pro�erty, the IeesehoW snd tee tRte shail not be --
<br /> "'�'�"+���• merped unless Lender agrees to tho morgor In writhp. -
<br /> - ..;�i�:.':'7'� �,
<br /> �� '���� `�M�' 6. Condemnatfon. Tho procneds of eny flwerd or c1aYn tor damages, direct or consequentlab „ connacdon with eny �:�
<br /> _ . � � condemnetbn or other takhg ot nny pnrt of tho Proparty, or tor conveyance In ptace ol condemnatbn,ere hereby eealgned end �c-.
<br /> shao bo peld ro Lendor to the eMent af tho full emount of the Indebtadness that remains unpald undor tho Noto and thls #A-�,•
<br /> � � ��, Sacurityr Inctrumont. Londa sheA eppy such procesAs to the reductbn ot the Indebtedness undor tno Noto and thlu Security
<br /> ., f�-:�
<br /> ,�'"�'��;� � Instmment, first to any do�nquont amounm epplkM In tha order provided h Peraqrflph 9, end thon to propaymont o! p►incipal. ``:
<br /> _;;��;;?;��': � A��y epplbatton ot the p�ocoeds to the prinalpal shUl �ot ctxtend or postpone thp due d81e ot Nto monfhry payments,whloh are �"�'��.
<br /> - �..,.,,. ., � ,,,.•.;:
<br /> �: r����� �• referted to in Peragraph 2,or chanpo tho emou�t of such paymonte. Any excess praceeds over an flmomit requked to pay all �•. �
<br /> •'s�' 34
<br /> ��y�,...,, out9tanding hdeb�ednDSS undor thr�Noto and tht3 SeCUrity Instrument ehell be pald to the entNy lepoity entltled lhereto. !� "
<br /> -.4+s�'-�F�� i►t._____ � e----"-� �r.l O�w��ntliaM �� 1�nd�r�� Rlnhte /�f ��f� Llrnnarfu Rnnnuim ehell nev nil
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<br /> �';;�;;.�s�,.,�,s � po��emmentel or munblpal char{Io&, finos and knposR�Cna that nre noS Inciuded h Paragraph 2. Borcowar shell pay these
<br /> ��i` ''i obligutbne on tYne dtracty to th0 entity wh�h Is owod the peyment. It 1811ure to pAy would adversety aliect Lender's IntE+re3t in
<br /> � the Property,upon Lendefs requast 8ortower cheu promptPy(umish to Londer recelpts evldenchg these payments.
<br /> If AoROwer taits to rtuke thase puymonto or the p�yments requlred by Paregraph 2, or fafls ro patorm any nthor covanaits
<br /> � and apreementa contahod h lhls Socurlty inatrume�n, or thore 15 a lagel procoodlnp that mny S�gNticanty n(toct Londor's riphts In °
<br /> - the Property (euah ee a procoodinp h bankruptcy,lor condemnatbn or to onlorco laws or rogutatlons), thon lender may do end
<br /> pay whatever Is necessery to protect tho valuo ol Iho Property and Lender's rights In tho Proparty, 6icludlnp paymont of taros, ,
<br /> hardrd Insurence nnd other ftemu montlonod In Pareqreph 2.
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