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<br /> If�►c anaont;he:�by l.cndcr for Ersro�v Items cxc�e�d tho�m�unts permftted to bo hcld by RRSPA,l.cndr�shall
<br /> nccount ta Bonower for�he oxccss funds ns rcquired by RESPA. If tha emounts of i'unds held by I.A;ndcr et eny timc
<br /> ;,..�.;,-�� ' ara not s�ef�cient w pay itw Fscrow Items when dua,Lcnder may noUfy�ho Dorrov�cr and requUe Bonowcr to make up
<br /> ,,w� ' tho shortago as pem�ittr.d by RESPA.
<br /> 'Ilie Lscrnw Funds ero pledgecl av edclidonal securiry for all sur�s secureii by this Secu�ity InstrumenG If Botrower �1� •
<br /> tenders to Lendcr tho f�ll paymont of all such sums,Barcower's eccount shall be cmdited with the balance rem�iaeing for
<br /> all instnllment itemn(a+),@),ond (c) and any martgage insurancc premium in�tallment that Lcnder has not becamc _ -
<br />., obligated w pay w thn Scaetery.and Lender shall prompUy refund tsny excess funds to Sorrowcr. Immedlately prior to :__
<br /> a foreclosure sale of tha Property or itv acquisitlon by Lender,Borrower's account shall be ccedited with any balance �;"��:=s-
<br /> rcmaining for all insWlanents for items(a),(b),end(c). ��-���
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<br /> 3.AppUcatlon ot Pnyments.All payments uadcr paragraphs 1 and 2 shall be applied by I.endcr as follows: : _�_
<br />• . � Fj�,to the mortgago insurancc premium to be paid by Lender w the Secretary or to the monthly ct�arg�by the �s`
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<br /> r:. Secretary inst�ead of the monthly mortgage insurance premium; - --
<br /> � ; �,to tury ta�ces,speclal assessrteents.leasehold paymen�s or ground eenis,and fir�,flaad and othcr hazard -_
<br /> .. lnsurence preauums.es required; � -�'..�-
<br /> ��,to interest duo under the Note; �?,�r•�
<br /> �` ��,to amorrtizzarion of the principal.of the Note;and �
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<br /> � • •;��" �,w late charges due under the Note. 6=-
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<br /> � '"'`' 4.Flire,Fiood aad OtLer Hn�ard Insurauce.Borrower shali lnsun;�11 im rovements on the pro ����
<br /> � P perty,whethe� �,
<br /> :. � now in eaistence or substquently erecced,against are�hazards,casualties,and contingencies,includia�g fire,Q'or which --
<br /> I�-" Lencler requires insura+race.Thls ingtuance shaU be maintained in the amounts nnd for the periods that Lender requires.
<br />' "''� � -.�t;. Borrower shall also insun all improvements on the I'roperty,whether now in existence or subsequendy erected,against
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<br /> , • ' ''�'�" loss by tioods to t6e axtentrequired by the 5ecretary.All inxurac►ce shall be carried with com nies approved b L.ender.
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<br /> �.''�1��•. The�nsurance pollcies and any renewa�s shall be held by Isnder ar�d shall includa loss payable cluuses in favor of,and _
<br /> . . 3I, � tn a fortn acr.eptable to,icnder. �—-�
<br /> In the event of lo�s,Banowcr shall give L.ender Lnmecliate nodce by mail. L.endrr may make proof of loss if not
<br /> made promptly by Borrower.F.ach�nsarance comgany concemed is he�eby authorized and dirECtcd w make payment far
<br /> � � such loss direcdy co Lendu. instesd of to Borrower and to Lende�r jointly.All or any pa�t of the insurance procecxis may
<br /> be applied by Lender. at its optkn,eithu (a) W the reducdon of the indebtedness under tlx�Noi�e and this Securiry
<br /> � Insmunent,first w any deGnqueat amounts applied in the order in paragreph 3,and thcn tn Prepayrt�ent of principal,ar
<br /> ��..,;;;,. .. ` (b)w the restoradon or repair of the damaged Property.My appllcation of the pc+ncetds w the pdctcipal shall not extend
<br /> - . or postponc tho d��e data of tho mAnthly payments which ere referred to in paregraph 2,ar change the amount of such _
<br /> - - payments.My eacess insurance procc�eds ovcr an amount requircd to pay all outstanding indeb!�edness uader the Noto
<br /> ' end this Sccurity Inswm�+it shall ba paid to thc endty kgelly entidcd thereto.
<br /> _`,ri• ; In the event of forabsura of this Securlty Instrument or other trensfer of dtle to the Propcny U�at extinnguishes dio
<br />-�-�Y:���s.� indebondness,ail dght, dU�and interest of Honrowu in end to insurance policies in foncu shnU ixtss W tha purct�asei.
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<br />_�=.� �_� S.Oocupancy,Praervatbn,Mpintenana�nd ProtectWn of t6e Property; Borrovrer's I.oan Applicatbn;
<br /> Laeel�o{da. Bonower slull occupy�establish,and uso tha Property as Bamower's prineipal resid,ence within sUcty days
<br /> - ��'� eit�x the execution of ttiis Seauity Instrument(a within s'vcry days of a tater salcs or trsnsfer of thc Property)and shnll ��
<br /> �_r� .:;•;�'�' continne to occupy ihe Praperty av aomower's principal msld�nce for a�l�ast one year atter the date of occup�ncy,
<br /> -`"�'"'� anless Lender detcm�in�ihatrequirement will canse undue hardstiip for Borrowe�r,ot unkss extenuating circumstances --
<br /> rr.�::�`:�� exist which are beyond Borrower's control.Bormwes shall notify Lender of any extenuati�g cfrcur►w^tattces.Botroa�r =
<br />-_.���.�r,,_:�:. shall not commit waFte a destroy.damage or substantiaUy change the Propc�ty or allow tt.¢Property to detariomus, `
<br /> - '-',�— reasonable wear end tear exr.epted.Lender muy inspect the Property if the Propecty is vctetu�t or aha�►doned or the loan i� _
<br /> .;,,••�••:::•••` in defaWY. I.cnder rrsay eake �easonable acdon to prntect nnd preserve such vuctui¢ or a6andoned P'roperty. -
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