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<br /> �� lf the amounts�eld by Lender for Escrow Items exceed the smounts permitted to be held by RESPA, Lender
<br /> shall eccount to Borrower for the excess funds as requtrad by RESPA. If the an�ounts of funds held by Lendcr at any
<br />.;,�''"''"'''�� time are not sufficientto pay the Escrow Itcros when duo, Lender may nodfy the Borrower and require Borrower to _�
<br /> � � ra�ke up the shon�tgeas permitted by RESPA. j;
<br /> . ; The Escrow Funds are pledged as additional sa�irity for all sums securad by this Securlry Instnunent. If _
<br /> � j gorrower teaders to Lender the fhll payment of all such sums,Borrower's account shall be credited wich the balance _
<br /> � . ; xeinnining for all Insiallrneat itams(a), (b),and(c)and any mortgage insurance premium installment that I.ender has _
<br /> • ��. not become obll gated to p�y ta the Secretary, and Lender sh�ll promptly refund any excess funds to Borrower. ^---
<br /> ?:� Immediately prior to a foreclosure sale of the Property or its acquisition by Lender. Borrower's account s h n l l b e �
<br />_. �� credtted with any bal�nce nmaining for all installments for items(a),(b),aad(c). `,��
<br /> 3.Applicadon ot PAymeats.A11 payments under paragraphs 1 aad Z shall be applied by Lender as follows: �
<br /> p�,to the moagage insurence premium to be paid by Leader to the Secretary or to ttne monttily charge by the _
<br /> Secretary instead of the montWy mortgage insurance premium; -
<br /> ����o any ta�es,spec{al assessments,leaschold payments or ground reats,and fire,tlood and other hazard __
<br /> . • . insurance pnmiums,as required;
<br /> "`:� ��,to intares�due under the Note;
<br /> � � Fourth,to uao�iz.atlon of the principal of the Note;and �:_��`
<br /> gj�,ro late chages due under the Nota �,
<br />�� . q.�K�Flood uid pther Aazanl Ia�urance.Borrower shall insure all Impmvemcnts on the Property,whether ;
<br /> i � now in existena or�ubsequently erected.against any hazards,casualties,and coatingencia. includiag fin,for which �
<br /> ••., , ���r �,�q�� ��rance, Th;g insurance shall be maintainal in the amounts and for the perlods that Lender i-
<br /> nqu�res, gorrawer�hall also insure all improvements on the Property, w}�ether now in��lstence or subsequantly �
<br />:�.�,,,.�.;�� erected� 88atust ioss by floods to tbe cxicui icyui,c3 t�y tha�xrasary. A.l1�uranc�sh�ll�rArrled wi�h companies
<br />- ;.`;.',,t;;1• approval by Leader.'I'be insurance policies aad anY rcnewals shall be held by Lender and sLell iaalude loss�ayable
<br /> J��`„�;;G.:.;! clauses in favorof,md in a form acceptable to,Lender.
<br />!''•!;•��d���•• In the event of loss,Borrower shall give L.ender itnmediate notice by mail.Lender may malce proof of loss if not
<br /> � made promptly by Borrower.Each insuranae compauY conc�rned is henby authorized and directed to m�lce payment
<br />�`ti'�'Q�{ for such lou directly to I.ender, instead of to Borrower and to Lender jointly. All or any put uf the (nsurance
<br />=��'�'�.a� proceeda uuy be applied by Lender��t iu option, elther(a)to the reducdon of the iadebtednesa under the Note snd
<br />_'�`=��� this Securiry Instrumeat,fuat to any delinquent amounts appliod 'u►the onicr iu pLagraph 3,5ad tkcu to prepaymrnt
<br />,':��`•.%�''y An licuion of the rocxeds to the
<br />�,,;.:L;�,� of principal, or(b)to the restoration nr repair of the dawaged PropertY• Y �P P
<br />,,�.E,_"'.��, priucipal sh�ll not cetend or postpone the due dau of the cnontlily payments which are nf�rnd to in pusgraph 2.or
<br />'='---�— - change the unount of such prymeats.Any excess insw�ace proceods over an amount raluired to pay all outst�nding
<br /> _--�� indebtedness undertde Note and thia Secudty Insavma►t shall be p�1d to the entlty legally enddal thercto.
<br />_=T_:,As�� Ia the eveat otforeclosure of Wis Security Instrument or other transfer of tide to the Propecty thu eatinguishes
<br /> •�"°���''�- the indebtWness, �I rlght. tide aad interest of Borrower in and to insurance policies in force shall p�ss to We
<br /> ,�;�� ' purchaser.
<br />�,:_:1�': 5. (kcupncy�Presec�4Hon• Mainteoance and Protectlon oi the Propartyi BOI'I�ON!!�B IA�II A[1�1IIqt1011i
<br />— '`r. , I,easehotds. Bonrower ahall occupy,establish,and use the Property as Borrower'a prlacfp�l nsideaa within sixry -
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<br />-��.� days after the exacudon of this Security Insnvment(or within sixty days of a later sale or tru►sfer of the Prnperty) __ _
<br />-'.;�;-.;;�;� and shdl condnue to occupy the Property as Borrower's principal residence for at leut one year �fcer the date of
<br /> °-" mccopancy,udess lender d�termines that requinmer�t wW cause undue hardship for Borrower,or unless extenuating =
<br />_��• circumstances e�r.ist which are beyond Borrower's control. Borrower ahell notify Lender of �ay extenuating _
<br />'�°*� � �ircumstwces,Boaower shall not commit waste or destroy.damage or substantially change thc Pcoperty or allow the
<br /> `"`' '`A'-:� property to deteriorue,reasoaable wear and tear excepted. Lender may inspect the Propercy t�the Propecty ia vacant =
<br />�xY°�'�M or abAndoned or the loan is in default. Lender may take nuonable action to pmtect and pnsecve such vacaat or =
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