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<br /> � If the amouc►ts hetd by Lender for Fscm�v Items easeed the amofu►u Permitce�to be held by RFSPA.1.ender i, .
<br /> �. -� shall account to Borrower for the eacess funds as re9�ir�by RESPA. If[he amounts of funds hetd by L.ender at any � ,
<br /> _ - - - rime am not suffuient to pay the Esc[ow hems when dus. [.ender may norify the Borrower and require Borrower to - --–
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<br /> make up the shartage as permitted by RESPA. �. lf
<br /> - The Escrow Funds are pledged as addiaonai securiry for all sums secured by this Securit}+ � [
<br /> Borrower tenders to l.ender the full paymetu of all such sums.Borrower's accovnt shall be c�i:ted witb the balamc.e .. .
<br /> _ • � remaining for all iastallmeut items(a).(b).aad(c)and a�►Y mortgage insurance P�emium mstallment that Lender hac
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<br /> ` me obli ated to pay to the Secretazy. and Lender shall pmmptly refuad any excess fimds to Borrower.
<br /> not beco g er's account shall be � ` ' '�. �,
<br />-� � Immediatety prior to a foreclosure sale of the Property or its acquisiaon by Lender, Borrow
<br /> ' . credited with any balance remaining for a11 imstallments for itemc(a).(b).and(c). i ' • �;;,:r .
<br /> _' . - 3.Application oY Faymcnts.All paymencs under paiagnphs 1 and 2 shall be applied by l.ender as faUows: -; _
<br /> `� � � i to the mangage insurance piemium to be paid by Lender to[he Seccetary or to[he mo�hly charge by the � . •. -
<br /> � . . ��1. � .�.`•�.
<br /> ; � ` gecretary inscead of the monthly mongage insurance premium; , ., .
<br /> �� � • Second.co any axes.special assessmeats.leasehold payments or ground rents,and fue,tlood and ot�er hazazd r.:
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<br /> . , pIEID111IDS.3SIpQU1T2�, � ',�;�`
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<br /> - ' . ; Thicd•to interest due under tDe Note; • ,'-� �
<br /> -- ` � �,to amorti�on of the principal of che Note;and .- �";'�.�. .-
<br /> ; .�. i�l,to late chacges due under the Note. °`:�`" —
<br /> .��� � 4.Fire,Flood and Othec Ramrd Ias�rance.Borrower shall insuie all improvemenu on the Propeny.whether . .
<br /> ` now in existence or subsequendy erected.aSainst anY ha�.casualaes.and contingencies.incinding fire.for which , .=�.,:
<br /> ..' l�nder requires insurance. 77�is insurance shap be maintained in the amounts and for the periods that l�nder ' "��:,_.-
<br />'-f' . : ,: whether now in existence or sabseqamcly _. .. ..: ��€�,
<br /> , requires.Borrower shall alsv insure all improvements on the Praperty. . ':;,•__; F ,.
<br /> � • � erected.a�ains�loss by floads to the extent required by the Secretary.All insutauce shall be carried witb compa.nies .', :
<br />`:'' llt�es and any renewals shall he held by l.ender aad sha11 include loss payable .l�,.•. .
<br /> �,�,, ; � . : aPproved by Leuder.The iasurance go. . • ` ` .:� .
<br />.�.:r . ` clauses in favorof.and in a foria aceePtable co.Lend�er. ,^`;; .::,.;!
<br /> In the event of loss.Bormwer shaU give Leader immediue notice by mail.Lender maY make proof of ta�.�:E not . ',-.,:�,.
<br /> . _ . t �.��k�1!t' . .
<br /> =��; • made gmmptly Dy Borrower.Each insurance company concemed is hereby authorized and directed to make paymen �...: ,,
<br /> .'.-;_. ' r for suc�loss directlY to l.ender. instead of to Borrower and to Lender joindy. AU or any part of the insurance ..• .. =...;'.
<br />:;.f - ; �' � p���'be applied by Lender.at its option.either(a)to the reducaon of the indebtedness under the Nate and
<br /> , . ` this Seeauitry Insm�ment.fiist to any delinquent amou�s applied in the order in paragraPh 3.��then to pnepayment .
<br /> `.:5 • . .. { a l, o r(b�to the restoration or repair of[he daznaged PropercY• AnY aPPU�i�a gf ttte pmce�ds to the .;�;
<br /> �'•'•� °f p� ats which are referred to i n paragrap h 2.o r �
<br />.'. - , . grincipal shall not extend or postpone the due date of the monthly payme �ou��$ . '., ::
<br /> •j • change the amount of such payments. Any excess msuraace proceeds over an amount reqniied ta pay .: . ,..�.�
<br /> �'� indebtedness undcr the Note and this SecauitY instrument shall be paid to the enriry legally enatte�thereto. ,•.: . -,,;,
<br /> + � In the evenc of foreclosure of tbis Sea�rity l n s u u m e n t o r o t h e r u a n s f e r o f t i t l e c o c h e P r o P e rt S+that extin g u�shes '�.`'.'..�'"
<br /> -.,.�.- - , [he indebtedness. a11 rigst, title and interest of Borrower in and to insurance Policies ia foree sha11 pass to the _ ..��
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<br /> x• . . � Purchaser. , . .::
<br /> Y�,: � 5.�x.t�9+Presesvatlon.Mainteaance and Protection of the ProPertY:$orrawer's Loan AppUc�tton; ,
<br /> � establish,and use the Properry as Borrower's principal residence arithin sixry ' ,r.� :
<br /> �;;�: � � ,;-,;f I,casehot�. �,rawer shall occupy. ,, ,
<br />�:', . '�. days a f t er�e ex e w t i o�c f t h i s S e c u r i ty i n s i r u m ent(or within s i x t y days of a later sale or transfer of the Property) :.�:.'
<br /> , . .,';:�;; �. and shall contiuue ta vaa:,py the Property as Borzsswer's princtpal residenoe for at least one year after the d ate o f . .
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<br /> ;��-r,•.�� accupancy,unless Len�r detemrines that requis�x�will cause nndue t�ardship for Borrower,or untess eu�uating .
<br /> � . . - cinvmstances exist wtuch are beyond Borroa�s's control. Borcower shall notify Lender of any or��e "
<br /> �� circumstaaces.Borrower shall not oo�t waste or destroy,damage or substantially change the l�ropercy : .
<br /> ��;•°.: � : proPerty to deteriomte.reasonable wear aad tear eacepted. l.ender may inspea the Propercy if c:e Froperry is vacant - :
<br /> �•�: %":;�.'��+� ' � " or abandoned or the loan is in default. Lender maY take reasonable action to protecc and preserve sucb cacant or ..
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