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<br /> � . . 97- l06'769
<br /> ; 5.
<br /> V�� f thc emounts hcld by Lcnder for Escrow Items excx3 thc amounts permittcd to b�held by RESPA,Lcnder shaU -
<br /> I
<br /> �•,�•�•• acwunt to Borrowcr for the c�w Itcros hen du e1-end�r may norify thcnBorrawu d requ�re Borrowu to make uP ::
<br /> ace not sufficient to pay tho '• �
<br /> a.,-
<br /> thc sho�tc+ge as permitud by RHSPA. ---
<br /> ' The Escrow Funds are pledged as addirional saurstY for all sums secured by this Sxurity Instnimen�If Horrowu �"k;
<br /> tenders ta Lendu the fuU paYment of all such sums,Borrower's account shall be creditcd with the balanr�rcm�►ing fa �'
<br /> all installment items (a). @). and(c) and anY mo�tBa��iRSUrance premium installmant that L,endu has not boco� —�
<br /> ;., �n ntund any oxcess funds ta Boirowu. Immediataly p _
<br /> � obGgatod to paY to the SecretarY.and Lender shall pro p�Y _
<br /> a tozeclosure sala of the ProPertS'or its acquisidon by la►du,Borrower's s�ccount shall be credited'a+i1h eny bala�►c�
<br /> . �t; nmaining for all instellme�ts for items(a).C6),end(c)• s 1 and 2 shall be apPlial by Lender u falbws: _
<br /> 3.Appiicxtioa ot P�ymenta.All paymen�c under pusgtaPh or to thc monihly chargc by 11�e �
<br /> . �,to the mortga6e u�surancc premium to 6e paid by Lender to the SecretarY
<br /> . Sx=etary instead of the monthly mortgage insurana prc�°inm;
<br /> ������y��g�sp�ciat assessmenis. lcasehold payments or ground rents.and fire,flood a�ad other h�
<br />- • IIISIIIMCC�1[C[Il1U[IIS,aS tCQUIICI�;
<br /> � �j�,to interest due under the Note; of the Nou;a�d —
<br /> - , gQ�,to amorti�adon of the princip�
<br /> �.• � �,to lau charges due ander the Nnte, whether
<br /> . t: 1.Fire,Fiood and Ot6er Hazard Insur�ua.Bort�wu shall insure a11 unprovamerns on the Pr+op�rtY.
<br /> �
<br /> �w in ea�ist,ence or subsequendy erecied, a8ainst eny��'����'�d COntingencies.including fire. for wtuch
<br /> lendu requlres insursuice.This insnrance shall be mtainwi�ed h��w in ex�'�stence or s�ubnsequ�Y��•e8ainst
<br /> - Borrowu s��it aisa isasure sll imgrovements on the Proptr�.Y� ,�b;L,*�d�-�_
<br />�.`i: ' ..,'r. ��SOIAiICC Sf181�bC CBITIP�Wlljl CO[njAUiICS��:
<br /> �' . " loss by floods to ihe extent required by ihe Sxretary. able clauses in favor of.and
<br />��,'":�; ' 'Rie insurance policies and anY renewals shall be held by L�ender and shall include loss paY
<br />�-�:�:�:.'• ��,• in aform acceptable ta,Lendu.
<br /> .:;,�.,.;s:,-
<br /> �,,,;,:e,;;�,, In the avent of loss.Borrower sl�all EiYe I..ender� �eby authorized and d1����0 pp�t°r
<br />�r;::;a`.=°;+.:;' made PromPttY bY Borrower.Each insurara�c compuay of tho inswena procoeds maY
<br /> �-J:: � . such loss direcdy to Lender.Instaad of to Barowa ard w Lender jointly.All or anY P�
<br /> i,:Y•..J�1�
<br /> ' F:,3': ..''. be aPPlied by Lender.at its opuon,either(a) to�ho rcducdon of the tnd h 3.and then to pre,paymeczt of pn�ipal�or
<br /> ���"�;�;'�"� Insw�nent,Cast to any delinquent amoiunts epplied in�he ader in paraB�P
<br /> �,� � pry eppUcatlon of the proceoeis to the principal shaU not exund
<br />�=_=� (b)a�t►o restoraeion or re of the darnaged PropertY• h 2�or chango the�rt►ount of such
<br /> "'-��••�• �� ments which are refuted to in paragraP
<br />��'•`•� or postpone the due date of the monthly Fay
<br /> payments.My excess insurance pmcced.s over an asnouRt required to pay all ouutanding indebt,edness under the Note
<br /> �'.`"=;� and this Security Instrument shall bc paid w ihe enGry kgally cndtled thucto. ��tinguishes�he
<br /> ��j�� In the cvent of foreclosure of this Sc�urity Ins�ent a other transfer of dile to th�ProPertY
<br /> �—__���� indebtetlness.a11 dght,dde and int�cest of Borrower in�nd w insurance Policies in force shall puss w tkse purchaur.
<br /> __.,,..,,,,,�� of the PropertY+ Borrowtr's Lou Applicatbni
<br /> S. pccupancy►���'Atbn,Maintenaua�nd Protectlo� �B��wer's principal rcsidence within sixh►days
<br />-__�;,_� Lease6olda. Borrowu shall occupy,estaibGsh. and usett:ePropaty
<br /> --.4};;;:�;�r_"� after Ihe oaecation of this Security Instrument(or wiih6►�nsidence for attlea�t one year efter thc dau of oceupency�
<br /> continnue to occupy the F'roperty as Borrower's princiP
<br /> ��----`�-_'�� unless Le�nder det,ermines A►at requirea►►ent will cause unane hardship for Borrower,or unless ext�enuating circumstances
<br /> -���� exist which are beyond Borrower's control.Bortowe at�aU nopfy Lender of any extenuapi►8 circums�d���,
<br />''',��� shall not commit wagt�or destroy,da�na8a�=subsunti�lly change tbe F'ropertY or allow the Propr�ry
<br />� --s���� ceasonable wcar and tcar excepted.L,end�r may inspec►tt�e PcoPert�'�'�e�°P�f'�vacant or abandonod or the loan is
<br /> �r;r;�,�.r, t and pre.�e such vacant or abandoned Propecty _
<br />` � = T:.��� in defaulG L.cnder may talce m,asona6le act�a► � ��
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