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<br /> . ffirtount�ot m e�xeed the maximum � `f.F_, ._�
<br /> L�der may. at erry wne.cotECt end hofd amounts tor Escrow Items in e�a8ffi� � ,�
<br /> amt�nt that may Ee req�+ped fcr Borrowers esuow accoum und2r the Real Esffite Seltleme�+t Proeedures Act of 1474, 12 U.S.C. : ',_ .
<br /> ' §�Ot��eg,and implsmenting regutaUons. 24 CFR Part 3500.es th9Y may bs amended irom time to tanB('RFSPA•),ex�ept ' ` �, ,
<br /> tt�at the cushbn or reserve 08m�3ted by FiE�A for unanti�aied
<br /> disbursements ar dislsurssm�is befo�e the Borrovrers ; � .
<br /> paymaMS ate ava!lsbb e�Me account msy not be basad on emowrts due tot ths moRgage a+sarancs premiut^- . . . .
<br /> B the emounLS hetd by Lender for Escrow Items e�eed ths emounta p�tmGted to ba Aeid Dy RF.5i'l� tender shaU auount
<br /> to Bortower for the e�ess funds es requtre6 bY F�SpA tt tha emourns of i�snds�bY L�at°�t�era nat suf�snt w _ . -. `_
<br /> � QaY the Esuov� tterns when due.Lendar may notity the Bwmwar end raqutre 8orrower to m�lce uP the shorta9e sa Permitted by .
<br /> ii�SPA Ins�UUmBnG H Bortower t�ttdeis ' � ' . .
<br /> The Escrow Funils are pladged as add�tonal seeu�tfr for aU 6u�s seeuied by thfs Seeur�Y
<br /> , -, - – - to LenQsr ths NO payrt�ant ot�such sums. Borro►v�6 aa:o�+t slisf!6e creQitad w�h the balance remafiing(or atl irtstaDn�t � , -•—
<br /> K e m a (s). (b 1. snd (c)end eny mortgaga tnsuranrs R��m hstaW�nt ehat tsnQar has m e o r e c m a u r e s a b o f e h e Pro p e rt y r • ,
<br /> Secrele�Y.end Len�r sA�U prompty wtunA eny�funds to Borrowe►.tmms d i n t e h D �.
<br /> or 38 ac�is@ton Dy Lend�.Bortawefs 8xoun!shaA be credRea w�tf any batanee remaining tar eD hstaf�nc+its for Rem9(a?.N1. � � � .
<br /> end ta1� .. � w�.
<br /> , 3.�pticntton ot Payinenta ao oas�encs�naar aarc�vns �ena 2 snen oa e.�►svnsd ay�m,der as rouows: � . .
<br /> ' FIfBt.to the mor�a88 insurance Premtum to ba Da10�y l�sd�to the Secretarll or to the mant�h�harga tiY the Secretery .:.
<br /> ., instead ot t�e monthry mortgaSe insurance pr�m#um: ' '. ,,';��f`;;
<br /> S@COtid, to erry mxes. special assessments. teasohotd payments or ground rents. artd flra. ftco0 end ott+er heiard . . . „ ....�;..
<br /> ' � ,' �surance Oremiums.as ts�N�e� . • :,�,;,`}�±`;y`.
<br /> ��:,.`
<br /> TI9I�d,to hta�est due under the Not� .. .'':�,f "°_.
<br /> ...:�-rf�`.., .
<br /> c ; FpU�1�to amortimTlon ot the prtne�al of the Note:and . �
<br /> ! Fifth�to(ate eharges due unes►the Note. ' �
<br /> - � ��,� 4. Fire. Ftood s�d 04har Harard tnsaarance. aormwer shaa�nsure an�morovemen�s on u�e arave�er,Wnesher ';..: �"= .� ':
<br /> • , now h e�tence o�s+cbsa4u�UY erectad. agab�st�+y hamrds.casuaNes• and earrttrtgertcies. ineNdtrtg f�a,tar wAich L.ender �,., .�_.,�.:....
<br /> � requ6es tnsu►enC9.Thfs itsutsnc9 SheU b0 mcl6ttetn04 in Ms 8m0unt8 Snd fot the D�tads th8t LBMer reqttcE�-Borrowet shsll ^£'y�,': :` •�j.`':.
<br /> � a�o hsure aU improvements on the ProCen1f,whetl►er now in ezistence or Subse�csnaY�eCted.sgalnst Wss by ftoods W the �.r. �, :�`':fy`.,�=
<br /> toved by Lender.7he tnsutence policies end �... ::r�^•
<br /> All bnsurence shaA be c8trf3d w�h comDar►ies ePP r:;; ��; '���a���
<br /> m,Qant requked by the Se�etarlt. ..• ; �:;.,t,-.<.,:
<br /> any r�ewats shaU be he:�by LenQer and shaU hedcde►oss PaYe4ie c�us�in�.�af,and(n a Mrm aa:eDtebt�to.Lender. 4,Y�,�. • . �,�5;
<br /> -- �.�.,_:
<br /> In th0 event of toss. Borto�rat sha0 g1+re Lendc-r imrnedtat0 notice by ma3 Cander may make P�t of toss U not made 5.;�� -• �,r, . �
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<br /> promOUY bY BcRavrer. Eech insurance companY cam�me� is h�abY suthoriz-�md dtrected to make PBYment tor such loss �°• . '�� i ,..:
<br /> .;; :
<br /> - � d t re c t N to Lender. b�s�aad ot to Borrowar en0 to L��er Ioint�l.A�J ar eaY F�af the insurance Proc�ds maY �e aAPUed by R,. � .,_ >,..
<br /> Lender. at Qs opitan.e�her(a)ta the reQuetlon ot tne�dabte�-.w.a c�!��.�fdote an d f h T s S e c a�t Y t n s d u m e n�fl r s t t o e n Y ..
<br /> c.�.. a:.',
<br /> delmquent emounts e;►;.�d in the otder in PetagrepA 3,end thEn to P�Ymer+!�D�nc►pal.o�(b)to the[estoratlon or wAair o! .. �->,r;>;� -.
<br /> � the dama8ed PropartYr- �.�Y BPP�iCatWn of the pr�ajsQs to the pnc��al st�asl csR mQend or postAOne the dne date o�� .,. ,
<br /> �+.° �,,,� monthAt DBY�� wh� ere referted to tn Para9�h 2. or ohan9e the am�x.� ot sucA payments. MY e�n-ss ;,.:.;:,.,-;•=
<br /> ' proceeds ovar an amauzi�equhed to pey ait outsmndtng in�btedness un�r the Note end this Secur&Y tnshw�ei+t shaU be patd ;.. �,...
<br /> i?.�t�..
<br /> to the ant4Y�S�fi esa�tlbd dteteto. -- ,' "'.�-'."?j`'
<br /> . In Mo even! ot t�^..eg�su�e of ffifa Security Instrument or othm transfer c?�e to the PtoPeRY tha.t e�4h8utshes tt�e ----.r.. :;--
<br /> . tndebteMesa.aU ri�rt.t3�and fnmcsst of Borrower in en0 to insurance Dot�ias c[�sha0 Pass to the Dur.'�O�• � .: . �, E�:-
<br /> � �+:
<br /> 5. 4ccupac��SP• P�e���n, M�tn t en a n c e and Protectl�c� of the Property; B��snrer's �oan �. ,: P:
<br /> >. _. �. :. ,.
<br /> e►ppa��oi1; LP�32910l�0.Botrower shBU ocCUDY.���h.futd use the Pcoperry es Bortowets prtnCip81 resldenCe wii.'u� . ;_,�;;.-y
<br /> � , sydy Qays a'�er t3���cution of thta SecuritY Instrument(or w9Ain sbRy days of a later sa(e or transfer ot the ProAertY)and st+�V1 .
<br /> 4� ',�-�, � .
<br /> :,�,.,','::�'•,. conUn�re to oeas��!'.r� PropertY es Borrowers prtneipal reslQence for et la�se one yaar efter the date o1 au�P��f►.unfess .
<br /> : :�';�•� ' lend���'nmes L'��aG�irEment wID cause urt�p l'tarQship for Borrower.at ur.�ss extonuetfng CtrCUmstan�eoclst whicA ere
<br /> ;1,.: .
<br /> -' , �. psycad Boerowefs eontroL Bortau9r she11 notdyr tznder of et[y extenu8ttn9 cir�.:-�stanees• Bortower sAaO noS eomm�t waste or
<br /> �`• �� '• desuoy. dame80 or subsmr►tin3Y er,,�ge the PropeKy or ellow the PropertY to deterior�te. reasonable wenr and teai exceDted- ,•`�'�. ;.
<br />�:;;� " �• • lenQer meY (nspect the 9ropsny Q the Prope►h is vacant o►abandoned or tha toen is in dafauR.Londer mt►y take reasonabte ' � i�`-...;
<br /> •�:�.
<br /> duflng tAe toan
<br /> -,,..,.. ectton to protect aR9��eserva suab vacant or abandoned Propmty.Borrower e�^li a�so be in defauft H Borrowar.
<br /> '���`� ' appUcaUan process.e�v��1►fa�or tnaccurate infomuttian or statem�:ts d lendAr(or falled to prwMe l.ender wBA eny . . .
<br /> ',-;` • � � materlal InformaUan)fi eonnecUon w@h the Wan evidencea by tho Note.ine4:dcr�,bu3 not Iknfted to.represenffiUons eoneemhg
<br /> ;`' ' �1 8ortowefs oecuDancY of the Pra(serry as e P�1e�� �idence. tf t�ts SOa:�/ InaGUment is on e laasehotd. Borrowa sha0 .
<br /> +�t�� . 1 �mpy wR1► the Oravlstona ot the Eease. (f Borrower ecqutres fee tiUa to tha ProPeAy►.the (easehotd artd fee titl�shBU na2 Cse
<br /> :- �;-..
<br /> ;'L�; , merged unless L�?�r agrees W the merger in wrBfnB• , . .
<br /> ;,�:.. .
<br /> :;,� g. C�tn��CO�cogf�S�.Ttie procesds ot eny avrard or claim for damag�. drect or consequentisl. in connecllon w�h �.zY ..
<br />�f• �' con�ation or c�.ar�kh9 ot eie/Pari of the P�opetty,or fot conveyar+ce h piace o1 conQemnaUOn,are hereby assigr:�essa .
<br /> �F sha� be peld to L,�dar to the extent of the tu0 amouM of th� (nQebtedness thet rema�s unpatd under ttie Note a�s th's
<br /> ��`•, ' Sacu r�y Ingbument Car�Or sha0 BpDN suc� ProceeQs to ttve resucdon ot tAe cdebtOdness unQer the Nota and this Soa.idY
<br /> '1 Insbumen�ftrst to r�y QeIInquent amounffi appflad h thm ordxr providad tn P�'�a0h 3,and thon to prepayn3ent o t p r he t p a a. �
<br /> qny uppllcallon of tho prooeeda to the prtncpal shaU not e�nd or postporte tno due dato of the monthy psyr�en�.whicb are �
<br /> `=��` reterred to In Paragraph 2.or changs the amount of sucb payments•AnY excess Proeesds rnrer an amoun i requtred to pa y a0 �'
<br /> , � outstandtn8 IndebteQnsss undor tho Note end this Secu�ity Instrument sha0 bo p�ld to th9 entiry kaBaJN enttUad Nereto. , •
<br /> � � � 7. Chavgea to �onov+er and Proteetlom of �ender's Rtghto In the Property 8orrowar shaU pay a0 ..
<br /> ' `•' gavammantal or munbtpat chmges, flnes and b�Posttions Nat are not inei�dod In Peragr�ph 2. Borrovr� shafl pay these
<br /> obligations ort time dYecty to tha entfty �vhbh i�owetl t�o paymenA�f taiNro to pay woutd advsrsery eftect Lenders interest fn ,
<br /> � � the Property,upan Lendafs requost Borrov+er shall prompriy fumish to Lender receipb evidenchg these payments• i �
<br /> � t}Borrower fefis to make these paymenta or the payments required by Paragreph 2.or tails to perform any other covsnants `
<br /> `}" � and agreements conteU�ed in thls Security InsVument.or thGre b a ie9at Proceeding that may signiflcantly at(ect Lendefs rights h� f.
<br /> :,.k. .
<br /> �.ti>;.• the Propsrty(such as e proceeding in banlwp0�.�o�cartdemnaiton or to w�force laws or�gutations).t�en Lender may do and f
<br />'.`.;�. , F
<br /> pay whatsver is neeessary to protect the+mlue af che Property end Lende�s�t►ts in the Properiy,inch�de�g PaYrt+ent ef taxes,
<br /> .�;� i he�sd�surar.�e and other ttoms mentione0 b ParagrapA 2.
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