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<br /> � If the Amounts held by i.andec for Sscrow Items exceed th�e amouuts pemitcted to be held�y RBSPA, Le�der -
<br /> .� �t�pp Hccount ro Bonower for t�excess funds as re4ulred bY RBSPA. If the ainounts of funds held by l.eixkr at wy `
<br />,,y tlttia am aot ev�icieut to pAy tde&scrow Items whea due,l.onder may nodty the Borrower And require Borxower to
<br />:� niake up tbe shortaSe as Pam�itted by RSSPA.
<br />_A The Bscrow Funcls an plodgGd� addidonil sx�uity for � sums secured by this Sscuriry Insaument. If
<br />--= liorrower te�ers to Le�er tl� full psYment of�ll such sums.Bonower's Accouat shaU be credited with the baLnce
<br />-"• - rcmainin8 for al installaoeat ltesn�Ca)�(b),wnd(c)s�nd any mortgage insvrutice Premium installment ttwt Leixler has
<br /> — nat bocome abGgatal to p�y to th�e Secretary� u►d I.e�ler shall pranPtlY nfiwd nny exc�ss fuads w Borrower.
<br />-- Ira�pedletely pdor to s► foroclosare nte of the Pmperty or lts acquisldon by Leader, Borrower's Acconnt sha11 b�
<br /> -_ �«a,���,y n��� �t�u�.������c�>. rof. �c��. -
<br /> — 3.Appllcattoa of Pqmeale.All pAyments under p�uag�apb�s 1 swd 2 shall he applicd by Leader ns follows:
<br /> ....__..:.+....i�.,.t..►��ti,�c�mnrv or tn the monthlY�Br bY the
<br />=_� j?}�[� IO the IIlOrtga$C i�.tiltillCC p�auiuui tiu w pw,...� ...r.�_ __�---- - -
<br /> - Sccntary insiead of the monthly mong�ge imuraacc Pr�nlwn;
<br /> -- ��u[,w any ta�ces�specW A�.meats,leasehold y�aymenrs or ground rents.and fi�e. flood and other haurd
<br /> � . inslu�ncc Praaiums,as nquiral;
<br /> ��/,to interest duo und�er tta+e Note;
<br />— �,to�moct�xdun of the p�incipel of the Nou;xnd
<br /> ' Pj(�,w l�te chh��rr�s due�ndes the Note. _
<br /> � 4.P1n,Flood and Other Haz�rd�mnyu�ce.Borcower shall insvre aU Improvea�enta on the PropertY�wh�r
<br /> now in existence or subsoquently erected.a8aiiut anY ha�rcl4,cas�aldes.w�d contingencies�i�luding fire.for wLich _
<br /> I.cad�r requ[c�cs �rance. 'i�is a�u� aiwti i,a ,�,dini�+:+� i;.i� «tl2.^tsniS � f�r tBe neriod.g ttiat Lender ,
<br /> caquires. Domaw�er sball�lsa imure all impmveme�aa tl� PropectY. whether now in existenrx or subsoq�tlY
<br /> oro¢ted.a8aia�t loss by ftaads ta tlx eatent requirai by the Secretary. All Insw�ance shall be carried with campw�es
<br /> _ approvod by L�der.The lasurur.e Policies a�aay renewils sl�all be hdd by Len�ler aa�s1�a11 i�ltxie loss paYible
<br /> c4uaes ia fxvor of.Aad Ia a fonn acceptable to�Lender.
<br /> ta the ev�nt of loss,Borrow�r slull give Lender immediac.mria by mail.L.ender miy�p�f of loss if not
<br /> �P��Y by Borrower. �insurance compAnY concerned is herehy autb,oriud aad directed o t�i�
<br /> for such loss dicectly to Leirdx. i�tead of to Bonawer and to Lenckr jaintly. A!1 or wY put
<br /> procxeds miy be�ppliod by Leadet,u its apdon.elther(a)w t)�e mlucdon of the indebtedass uader the Nate aad
<br /> this Sa.�urity Instrumeat�first to:�ny delu�quent�ounts iPPlied in thcc order in para�a�h 3.aad tt�ea w FrcpaYtnent
<br /> of principal. or (b) to tLe restoradoa or repair of the clamaSal PropettY• �Y sPP�c�on of thc pmceeds W the
<br /> ` ', pcinc�p�l sl�]1 noe extend or pas�sone tbe due�te of ttiee montWY MY�nts whicl�are referi+ed to in puagnnh 2,or
<br /> .. cl�ange the unount of s�ch ps►ymenb.Any e�cess ia�nuAnce proceeds ova an w�oront requic�ecl w W►Y all aa�a�din�
<br /> �AdebDednae undcc the Note and tt�i�Secucity Inst:ument sliall be paid to the endty legally cnddod�exdoguisha
<br /> ia the event of fora;las�ue of t6is Sa�rlty Iactn�ment or other tca�t�x of tide to tbe PropertY
<br /> ' the indebteda�sv. �11 �t� dtk �nd izuerest of Bortower ia �nd tn imurwce Policirs In force s1W1 p�ss to the
<br /> : ��peeaen,atlor�,Mdntaunc�e and Protectton ot the Pro�+�ty;Borrovea's Lou►Applic�tZonf
<br /> L `' I,easetwlda. Borrower sheU acupy, esublish, and uso the Proporty as Borrower's principyl residence withia sixty
<br /> d�ye�Res the cxxudon of thls Sexvrity lasuumcnt(or wlthia sixty dsys of a later asle or t�ansfer of the Property)
<br /> �� �p�� �upy the property as Borrower's priaclpal reside�e for at least one ycar After tt►e due of
<br /> accup�ucy,unless Lender d�termines that requirement will cavse undue LArdship for Boaowa, or unless ext�mu�tin8
<br /> ' �� exist wh�ch an lxyoad Borenwer's control. Borrower shill nosify Lender of Any exte�ting
<br /> circumst�nces.Bocrower sl�nIll ms commit waste or desaoy�datna8e or substanwrlly change tLe Pcopecty or All vac�
<br /> Pcoperty W dcteriorau,re�son�ble weu�nd tear exceptcrl•Lead�r msy iaspoct the Propaty if the PropertY�
<br /> ---- . or absnloned or the loan is in c3et�ult. L.ender may take r�sonable acdon w protect aod pre5erve such vacu►t or
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