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<br /> if the a�nounts held by Lender for 8scrow►tems exceed the amounts permitted to be held by RESYA, L,ender
<br /> .,_,..�', shall a:count to Bomower fot the excess funds as rec�uired by RESPA. li the amounts of fiinds held by l,ender at any
<br /> .-� -� drne arc not sufficient to pay the Escraw Itcros when duc,�..cnder may notify the Borrower and require�arrovrer t�a
<br /> make up thc shortagc as peenlitced by RESPA.
<br /> The Escrow Funds are plcdged as additional security for all sums securcd by this Secwity Instrumr.nt. lf
<br /> Boaower tenders to Lender thc fult payment of ali such sums,Borrower's account shull be credited with th.e t�il3n:r.e
<br /> remaining for all installm�nt items (a), (b),and(c) and any mortgage insurance premium installmcnt that l.eruter b.aa �.
<br /> not become oblignted to pay to the Secretary, arid Lender shall prompdy refund any excess funds to Barrc�uver, ;�_
<br /> I�zunediately prior to a foreclosure sale of the Property or Its acquisition by Lendcr, Borrower's accounc shalll bc y-a
<br /> c�edited with any balance remaimng for all installmEnts for items(a).(b).and(c)•
<br /> � s 3.Appqcatlon oY Fayments• All payments under paragraplu 1 and 2 shall bc applied by Lender as fQU:awa: _ _
<br /> � F�r�,�,ro the mortgage insurance premium ro ix paid by Lender to the Sec�tary or ro che m.onrb.ly charge by tl�r. -_
<br /> hSecretary instcad of the monthly martgage insuranr:e preiwu�7: -
<br /> � Secon�,to any ta�ces.spceial assessments.leasehold payments or gcvund rents, and fire,tleod aa�e�tlar.r i»aazd ;�a+.
<br /> . . ilnsurance premiums.as mquired� .�7=��
<br /> '7,�i�.to interest duc under the Note; I._�``
<br /> •� �n�t,to arnortization of the principal of the Note;and
<br /> �.to late charges due under the Note. �u�
<br /> 4.FYre,�ood and Other Hazerd Iasurunce.Borrower shall insure all improvcmcnta on the d�•operty,whether _
<br /> - now xn existence or subsequently erected.against any tza�.ards,casualtics,and coatinIIencics,incYading fire.for which =
<br /> � L.eader requires insuranc�• Th�s insurance shn1l be crmintained in the amounw and for the periods that Lender
<br /> �" • r�yuires, Borrower shall also insure all imPro�ements on the [��a�gerty� whathcr naw ta existence or subsequently
<br /> erected,t►gainst loss by tloods to the encent required by the Secn�t:uy. All insurance shall be caaied with comPan��
<br /> - approved hy Lender.Ttie insurance poiicics au� �r�::r�aao v�sl=rw h�Z��y Lr��irr and shall include loss payx.blti
<br /> clauses in favor of,and in a form acceptable to,Ixndee.
<br /> ��'� In the event of lou,Borrower shall give Leuder immediate notice by mail.Lender may make proof of loss if not
<br /> r"•r, �'`. made prompdy by Borrower. Each iasurai►ce comPanY�°ncerned is hereby authorized and directod to make payment
<br /> for such lASS dimtly to i�ender. i�,tea�of to Borrowex and to l.cnder jointly. All or any part of the insurance
<br />�j�;; proceeds may be applied by Lender, at its option.etther(a)ro the reduction of the indebhtedn��A to IN ate and
<br />''�'.,,�..� :. � thls Securlty Instcumeat, first ro any delinqueat amounts applied in the order in paragrap P P Y�
<br />��%^ �%r of principal, or (b) to the restoration or repair of the damaged Propecty. Any aPPlicati.oa of the proceeds to the
<br />"�•' •"_"''�" principal shall not eatend or postpone the due date of the monthly payments which are referred to in paragraph 2.or
<br /> �� change the amount of such payments. Any eacess iusurance proceeds over an amount required to pay all outstanding
<br /> __,�•.�;;'�-y� indebtedness under the Note and tbis Security Instnunent shall bc p.aic3 to thc entiry legally eatiiltd th�e�tta�atin shes
<br />�%s�.:r;, In the event of foreclosure of this Securiry Instrument or oWer transfer of title ro the Property R�
<br />�''";,��'�F �� the indebtedness. all rig�t, tide and interest of Borrower in and to insurance policies in force shall pass to the
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<br />�K;;;` ";. Purchaser.
<br /> =:=�""":`� S.Occupancy,Pceu�'ation,MQintenanee end Prutection ot t6e Property; Borrower's Loan Applieatlon;
<br />__ Leasebolds. Borrower shall occupy.establi�h, and use the Properry as Boirower's principal residence withln sixry
<br /> .�;,-,,,;;.,' days after the eaecution of this Security Insttument(or within sixry days o f a la ter s a le or transfer of the Pto p e rt y)
<br /> `'`;�:,? �. � a�id shall continue to occupy rhe PropeetY as Borrower's principal residenc,� for at least one year after the date of ___..__
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<br /> "•±��_'%; � occupancy,unless Lender determin�s that requirement will cause undue hardship for Bomower.or unless extenuating —
<br /> "'��' circumstances exist whicd are beyond Borrower's control. Borrower shall notify Lender of any ext�nuating
<br /> -��'�'�� circumstances.Borrower shall not commit waste or desttoy,damage or substantlally change the Propetty or allow the _
<br />���� property to deteriorate. reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant
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<br /> ::� "�°k��•�• ` or abandoned or the loan [s in default. Lender may take reasonable xtion to protect and presecve such vacant or _
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