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<br /> If the amounts held hy Lendcr for Escrow Items cacceed thc amounts permitted tn ba hcid by RESPA.Leader sha11 , ' � .
<br /> - - - account to Barrowcr fa�the excess funds as reguired by RFSPA If the amounis of fcsnds hetd by L.cnder ai anY uime : -- - -- -`
<br /> ' are not su�"�cient to pay the Fsc�aw Items whea due.Leadc�may aoufy thc Borrowcr and require Borrower to m�lce up � �
<br /> � the shortage as peimiued by RESPA � .
<br /> 'itie Escrow Fuads are pledged as additional security for ali sums secuned by this Security L�s�umeni. If Boirower
<br /> tendeis m L�eader the full paycaeut af all such sums.Borrawer's acco�t shalt_6a cxeditcd with the�alanoe remaining for ; - .
<br /> ail installmeat it�ms(a).(b).and(c)and any mort�age insucancc premium instaliment that Laida t�as not 6ecome . .
<br />_ ohli�ated w pay tn the Secreta�}►,and I.eudca shall promptly refimd any excess f�mds to BoTrower. Immediatcly prior co _ .
<br /> �.
<br /> a fa�eclasUre sale of the PropcitY or its aa►nisition by Lender,Baaower's s000uut shati be credited with az►y balancc . "
<br /> remaining fer all instattmeats for iteras(a),(b).at►d(c)• . . .'��`
<br />-� - 3.Ap�Q'Sc�tinn of Paymwts.AD payments undea paragrephs 1 and 2 shaU be agpiied by L.ende7 as follow� : _ :.
<br /> ��, . . .:'r.•
<br />:% .:• �. �to the mart�e ms�ance Premium ta be paid by Lendcr to the Seaetarl�or[o the monthly charBe by the r ° .
<br /> :• -°� Secretaryr in�tead of the monthiy mortgage insivance P�emium: r �
<br /> iu
<br /> •::;°�"". ' ���.w any taxes.special assessmenis,leasehold paymenLS or groimd rents.and fire,fload arcd orher hazard . . ,,....
<br />;.;
<br /> • • . , msurance premiums,as required; • . �
<br /> . . . �w ait�st dme aadea We Note; ` . ..
<br /> �� • �,tn amua�of the principal of the Note:and T 4 -� ��-�
<br /> - � : • �i,tn late cha�c�under the Note.
<br /> �.. vements on the Ptct whethet .
<br /> 4.F'ur�Floa�����fll IaSmanoe.Borrower s6all inswe aS]impro �Y� •
<br /> , <<;,=. • .. �
<br /> . ;`Y:� now in eAi�¢ce os s�.'�s�:r�u g�a�t e d,a g a i n s t a n Y h a�d s,c a s u a l t i e s.a n d w n ti n gen c i e s,includm g f�.for which • ,:.;:;;
<br /> . ;�:��;:
<br /> � � ,�.;"; Lender��ce.'Tt�'ss��ce shall be maingiaed�the amo�nB and far the peaiuds that i.rader req�ires. ... . .,:,.`r=_<.;
<br /> ; ,.",,j� _ �,.p.-.
<br /> r.:
<br /> �._•�.• � • ;+�Y� Bomnwer s1�all also�all unpsoranents on tbe Property,whed�ea now in existe�ece or s���c�ac.'ted,against : .',:;
<br /> r '; ' ` loss by fioods w t�e�`s seqirired by the Seccer�-All�sivance shall be carried with companies a��+��y Lender. n i�' 's ;
<br /> :-., � . ';"j't 'Ihe�se poiiri�s��3 aay reaeaals shaU be��d by Lemd�and sshall inchute loss payab'.e cta::ses�E��r of,and ��_� f ,
<br /> . '';'f`i in a fa�a as�eptable t�.Leader. � ��;��
<br /> : . � ,`:�;: :•' :"i;.. ��
<br /> .� :;,.,�,,:r� Ia the eveat of toss.$oirowa shaU give Lender unmediat�ee aotice by mail.Lendea mag-�proof of loss if not . ".•�r;i�.;;
<br /> ia
<br />,��..:..�� . .,�,�;�" raude pmmptly by Ba�nwea.Each insur�nce company concemed is hereby auWorized and a�',ed ta make payment for � :.. . ';':�`�;<•.`:
<br /> .:`, such loss d'ae�tty w�+..cr.uutead of tn Borrowe�and tn Lender joinlly.All Qa any part of the insurance praceeds maY .. :: . . ;�
<br /> -'fi be apptied by Lender,�its option,eith�(a)to ihe reduction of the inde�ess undea the Not�and this Seatrity �;y•.' ..- .� ,<,�;<f
<br /> c •
<br />-_ .:. Instm�a�t.first w any deiinquent amount�apptied in ttte ordei i�paiagrapd 3.and then to LurepaYmeat o f pria c i g a l.o r -. . :` ;�.< .,.,;
<br /> ,..��-j•::;..
<br /> . (b)co t:�e�eswration or repair of the darnaged Propea�y.AnY a�PlicaCion of the pmceeds co r�princiPal shall not extea�d �
<br /> , or postpone the due date of the monthly pa}+ments wiuch are refarred w in pa�aB�aPh 2,o*�hange the amount of sncb �.
<br /> ._� � PaYrn�ts.My ea�cess ins�uauce praceeds over�z�nount requIIed w pay all outstiutding indebtedness�nder the Note , .: - ....:' `.:
<br /> , �,.
<br /> - `, � � and this Seciuity Insamm�c shall be paid to the e+�t�1Qga11Y eaatled theretn. • � �;
<br /> gs 1 ,�c�.,.;.
<br />_;'";: . . �
<br /> In the event of forerlosure of this Security Esssvm�t or ather uansfer af c:*.:e to the Pecsgeny that extinguishes the _,:
<br /> '` .. .t,. indebteAnesc.all rigM,title and intc�est of Boirower in and to msaa�tce policies in force sha6P tr�c tn the purct�asei. .. . =.
<br /> - . . 5.O�sncy, Preservat�oa,Maintenance and Protecinna ot the Ptaperty;Bon�rxer's Loan Applicatlon; • ;•.. t:
<br />-'�?�� '� Leas�holds. Bom����hall occupy,cctablish.and use the Propaty as Borro�-�a's principal residence within sixty days '" -.. '.,,
<br /> 6 �£i,:. ::�.,. . _
<br /> �.%��� . .. aftQ the eaecution a�t�+5erauiry Instrument(or witLin siaty days of a latri sale ar uansfer af the Pc�paty)and shall ;.
<br /> _ in
<br /> .:,;• .. • "''•,��:' •,� �;�:=.:,.
<br /> . contiaue to oc�cupy We PropertY av Bonower s principal residence for at teast one year after the date of accupancy, .,a...,t�,`
<br />-:..; . ..'. �;,a,>,,.:.
<br /> ' unless Leadea determines t1�at reqr:��anent will cause undue hardship for Borrower.or nntess eatenuating cir�umstattoes �;.,�U�i.,
<br /> • exist which are beyond Borrower's oonuol.Borrower shall notify Lender of any eatenuai:.g circumstances.Bolrower .' ";?y�'�.:'
<br /> ��?�� � • si�ll nat comaait waste ar destroy,damage or substaatially change the Property or allow the Propeaty to dete�ioratc, .' :
<br /> . . . .'' `, reasontible wear arid tear eacepted.Lcnd�may i�ect the Property if the Property is vacant or ahandorcea or ihe loan is `• _�. � .
<br /> �,,:r;;� � .� in defa�l4 Lcndea may take r�na6le action w pratect and preserve such vacx�t or aba���'. propeaty >t '' 't :-..
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