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<br /> If tha tunounts hcid by Lcndcr for Escrow Items cxccc�i thc am�untv permitted ro bc hald by RESPA,I..cndcr st�ll '.�'���'�' . --
<br /> - � "" xcount to Borrowcr for thc cxca�s funds uti rcquircd by RESPA. If thc amounus of fund:�hold by Lcndcr at ony amc .�`-
<br /> ��" arc not su(ficicnt to pay thc Bscraw Itcros whcn duc,Lcndcr moy notify tho Borrower and requim I3orrowcr to makc up .+;;�;�''•'{`i:="�`-�
<br /> thc shortagc ps permittr,d by RESPA. ' ';;�,-:,��',��Y—
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<br /> The Escrow Funds orc pkdgcd a�addidunal sccuriry for nll sums sccurcd by this Sccurety InsuumenG 1[Barrowcr F;",;��'�u
<br /> tcndcrs to L.cndcr thc full paymcnt of ell such sums,Bonowcr's account shall bc crcditcd with tho bnlnncc rcmaining for = - -
<br /> all inst�llment items(a), (b),and (c)and any mortgago insurance premium inswUment �hat Lendec has not become °�'```=�
<br /> obligated w pay to thc Sccretary,and Lcndcr shap prompUy rcCund any cxcess funds w�orcower. hnmcdiately pria to =__ __
<br /> a forxlosure salc ot thc Pmperty or its acquisition by Lendcr, Bortowcr's xcount shnll 6c crcditad with any balancc �;�'�'
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<br /> ' rcmaining for dl ins�ullmcnts for itcros(a),@),and(c). ••
<br /> � 3.Application ot P�yments.All paymcats undcr parogwphs 1 and 2 shAll be applicd by Lcndcr�s folbws: �•�;��
<br /> �y{,to the mostgagc in�urnncc prcmium to bo paid by Ltnder to the Secretury or ta the monthly chargc by thc ��.-
<br /> Sccrctary instead uf thc mo�thly mongage inswancc prcmium; -�,
<br /> $��, w any taxcs.spccial assc.ssmcnts, Icasehold paymcnt�or ground renta,and Cuc, ItUOd and othcr hu�rd �
<br /> insurancc prcmiums,as rcquircd; �
<br /> ��,u�intcrest duc undcr ihc Notc; �"
<br /> ��,to ertw►tization af the principal of thc Not�;and
<br /> " �,w latc chargc,s duc undcr thc Notc. �"
<br /> 4. Fire,Flood snd Other HasaM Lsurnnce.Borrowcr shall insw�e all improvemcnts on the Property,whethcr Sf<,�`
<br /> now in exist�nee or subsequendy erected,agninst any hazards, casualdos,and contingencies,including C�re,for which ��
<br /> l.cndcr rcquires insurancc.71►is insurancc shall bc maintaincd in tho amounts and for thc periods that I.endcr requires.
<br /> _ Borrowu shall also insurc aA improvcmenis on the Property.whcthcr now in oaistance or subsequcnUy croctaf.against -.
<br /> _,___ .,_- lacc hy Ilaxlc m the eactent required by the Secretauy.All insurnnce slu►Il be carticd with comganirs aoproved by L.endci. —
<br /> Thc insurar�ce policics and any rcncwals shall bc hold by Lcridar end stu�ll includo loss psiyablc clauscs in favor of,and
<br /> un e form acx,ep�able to.I.endcr. _
<br /> In the event of loss,Borrower sha11 give Lender immediato nodce by mail.Lencicr may make p000f of loss if not "' —
<br /> made prompdy by Borrower.Fach insurance company concemed is hereby anthorized and directed to m�lce payment far e_
<br /> such loss directly to Lender.inst�ead of to Borrower and ta I.ender joindy.All or any Rart of the insurance procoods m3y --
<br /> , be applicd by Lcnder. at its option,eid�a(3)w tho roduc6on of tha indebtodness unda the Note and tt�is Security '=
<br /> ° Inso�ument,first to any delinqucnt amounts appliod in tho ordcr in p�h 3,and then to pcepayment of principal,or �' -
<br /> (b)w the restontion or repair of the damaged Propercy.Any appGcatia�of the procoeds to the principal shall not eater�d
<br /> ' or postpone the due date of the monthly payments which are refemed to in paragraph 2. or ch:n►ge the amount of such �'
<br /> " payrr►ents.Any cxcess insurance procceds over an emouat rcquired to pay all outsta�ding indebtedncss wdu thc Note =-
<br />-'�.,', . , .a , 8rld Ihls SOCluily II1SIlUm`u�[shell be p2id io U10`U�[ity kg8lly G11$iCd IhCiCIO.
<br /> `�.# � ° In the cvent of foreclosure of this Sccurity Instrumcnt or o�t►sr uc�nsfer of titk w the Property that extinguishas the
<br /> indcbtcdness,all right,dtk and intcrest of Bornower in and to insurancc policics in face sl�all pass to the purchaSCr. —
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<br />- � S. Occupancy,Preservation,Maintenance ond Protection of the Property; Borrower's Loan Applicsitioe; _
<br /> �' Leaseho{dg. Bocrower shall occupy.est�►lish,and use tho Property as Barower's p,rincipal residence within siuty days
<br />_ . . a�ta the execution of this Sec�+rity Insuument(or withL�sixty days of a letec sak or transfa of t)re Propaty)and stiall --
<br /> �''� .•• continuc to occupy the Property as Boavower's principal residcnce for�t Ietiqt onc ye�c ufteP the date of occupancy, �'_
<br />��' '� , unle,ss L.ender determines that requirememt will cause undue hardship for Borrower,or unless axten�atuig circums4�uices
<br /> ::�3.�-.� e�cist which are beyond Borrower's control. Bomower s1�a11 notify Leader of any ea�teauating circumstances.Borrower � `-
<br /> ~"T��+� shall not commit waste or destroy,damage or substantially change the Prope�ty or allow the Property to deteriorate, -
<br /> ���:��;,_;.;; - rcasonable wcar and tear eacepted.Lender may inspcct thc Propelty if the Property is vecant or abandoned or thc loan is = �
<br /> �'�' �-o . . in dcfaulG Lcndcr ma takc rcasonable acuon to -,
<br /> y protoct and prescrve such vacant or abandoned Proputy.
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