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<br /> 97� �031.53 ., � � �
<br /> � If the nmounts hcld Hy Lcnder far Escrow Irtans exceed the amounts permitted to be held by RESPA, [.ender ,
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<br /> ��,� sh�ll account to Bonower for the excess f►ur,�s �.4 trquired by RESPA. [f the amoun[s of funds held by Lender at any '.',
<br /> .,, .� tim�aze not:.�fficient to pny the Escrow ItEraZi N�hen due, I.�nder may notify the Borrower and require Bonower to �•;�'s�'=�'��
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<br /> make up the shortage as permitted by RGSAA.
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<br /> The Escrow Funds are pledgcd as ar��3riion:il socurity for all sums secured by this Securiry Instrument. If . �' •-=
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<br /> Bonower tende►s to Lender the full pay�za�:at of all such sums,Borrower's account shall be credited with the balance -- -�
<br /> ' remaining for all installnient items(a), Q�),�nd(c)aad any mortgage insurance premium instalhnent that Lender has -_-
<br /> not become obligated tc�� p;ry to the Secrt;+ary,and Lender shall prompdy mfu.nd any excess funds to Borrower. ' �;;,.„v.
<br /> Immediately prior to u fareclosure snle� ot'the Praperty or its acquisition by Lender, Borrower's accovnt shall be " 'w�-_--
<br /> „ credited with any balnnua remaining fnr afi installments for items(a),(b).and(c). •<:-----
<br /> � 3.Applicetion ef 1Puymenis. All g�yments under paragraphs 1 and 2 shall h�Appli�d by Lender as follows: _
<br /> �,to the more�Age InsurruFCr,premium to be p�id by I.ender to the Secr,.z�or to the monthly charge by th� __ -- _
<br /> � Secretary instead of d�c n�o�athly rr�n�e insurance premium; •.`�°�
<br /> Secc�nd,to any u�ea,speclal assecssments,leasehold payrnents or ground rents, and fire,flood nnd other hazard °`•'�°�
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<br /> ,. insurance premiums,as required; ;,�
<br /> Third,to interest due under ttie Note; :�`-
<br /> ��rt�l,to amoni•r.2tiyn of tliv principal of Ute Note;and .:;�:�-=
<br /> .4:.
<br /> _ �,to late chnrgra eive uridr:r the Note. .. _
<br /> 4.Flre,Flood und�thxr l�Yc,:uud Insurance.Borrower shall insure all improvements on the Property,whether =-__ __
<br /> now in e,.:�:en^_e or�::tisey;:�:.�y e!�::�3.against any hazards,casualties,and contingencies,including fire,for which -�_
<br /> � . Leader n:e��ai�es insurance. Thi� insurance shall be matntained in the amounts and for the periods that Lender ':;,��--
<br /> " requires. Borcower shalh z�so inau,TU al! improvoments on the Property, whether now in existence or subsequently �'
<br /> - eeecte.d.aeai►vst losa bv flloacl.g ta�1t..extent reauired bv the Secretarv. All insivance shall be carried with companies �:�,�l�r�� -�
<br /> a roved b Lender.Tlie i�uar,nce licies and an renewals shall be held 6 3.Ender and ahall inctude loss a able '"°`��;
<br /> PP Y Po Y Y P Y [".`�
<br /> clauses in favor of.and in a fo:nm ac��:�iable to,Lender. �''-
<br /> In thc event nf loss, BnYrnvicr s��ld give Lender immediate notice by�nail.Lender may m:uce prc�of of loss 9f not =
<br /> „ .. made promptly b}�°omww. G,tih lrsnrance company concerned is hereby authorized and di�ec«d to mntce puyment tl��
<br /> . for suvh loss diceetly ta Lsnder, instead of to Borrower and to Lender jointCy. All or az►y part of tfiie insurance :;
<br /> proceeds may be upplied by Und�r,at its option. either(a)to We reduction of the indebtedaess und�r ch�Nnte and `y_ _
<br />--° ° this 5�cudty Insuumcnt. firat te�any delinquent amounts applied in the order in paragraph 3,and then to prepayment
<br /> - •�'=•"` of prinr,ipal, or(b) to ttcc reat�7ution or regalr of tlts damaged Property. Any application of the proceeds to the _
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<br /> . ' principal shall trot extend or p�stpone the due dete of the monthly payments which aze refemd to in paraoranh 2, or � ___ ___ _
<br /> ,�>;,;, eta�s6:,ti:c�-..:,sat:,L se�,;�ayn�en[s.Any excess insurance proceeds over an a�nount required to pay all outstanding -
<br /> '�=�'�:=','�!" • indebsedntss n.ndar thc Ncr.e and this Sccurtry Insteument shall be paid to the enciay legally endtled thereto. --
<br />--;�:�;., Ia the eve,�t of forecloaur�e of this Security Instniment or other transfer of title to the Property that extinguishes -•
<br /> `__ ::_.:�� the indebtednais, all rig�t, N�e and interest of Borrower in and to insurance policies in force shall pus to the '-
<br />_ -:��,,.; Purcuaser. �
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<br /> ��`Q;.;; 5.UccupAncy.Pve�e�vntion, Muintenance and Profecttoa of the Property; Borrower's Loan Appllcat[oni "'�'=-
<br />-_�'' r� . Lease6olds. F3orrowcr sh�lb occupy,establisB,and use the Fropeny as Bonower's pdncip�l residenc�wit'�in sixty �
<br />'a�''````'�':` days afier thc exccution mf this Security Instrument(or within sixry days of a late:sale or transfer of the Property) ce_`�-�
<br />°_-'�`���� and shaU continuo to occupy•the Pro�zty as eanower's principal residencc for at least one year after the date of p _
<br /> `� �' occupancy,unless L.ender detetmines that roquire�ent wilt cause undue liardship for Borrower, or unless exienuating �, -
<br /> =! circumstances exist wli%ch ara beyon� Borrower's coatrol. Borrower shall notify Lender of any extenuating �� ,
<br /> .���... circumstances. Borrowe.r shalt�not comm:t waste or destroy,damage or substanti�lly change the Froperry or allorv the -
<br /> ' Propeny to det�riorate,ra�snanbie wear and tear eacepted. l.ender may inspect¢�e Property if the Property is vacnnt �� .
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<br /> � ,;"�"•` '., or abandoned ur th�loan is in default. Lender may take reasonable actian to protect and presen+e such vacane or -
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