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<br /> � RE RECORO�D '=.�;.�
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<br /> �"�Ty !t utc amoums ectd by i.enacr ior r.xrow I��n�c:xcr.r�S iS�G w��ow�� ii�iiuin'�w .�'.�."::��.a..�`,••DT7CAA 1 nn�wr ahnll --•�'-""^` -°_,.:
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<br /> account to Borrower for the excess funds as required by RESPA. If the amounu of funds held by Lender at any time .. •w-•�-
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<br /> • arc not sufficient to pay the Escrow Items when due,Lendcr may notify the Bonowcr and requirc Borrower w make up ,,:.:.,.�=�i,��-�'�-�=-
<br /> thc shonagc as pemiiWCd by RESPA. ' , �-�=`==
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<br /> 'Itis Escraw Funds are pledged as addidonal security for all sums secured by this Securiry InsorumenG If SoROwer =.�,�;;__
<br /> tenders to I.ander the full payment of all snch sums.Borrower's eccoum shall be credited with the balancc remaining for ''.-_.
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<br /> all installmont it�ms (a), (b), and (c)and any mortgage insurance premium installment that I.ender hes not become �:•i:.
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<br /> obligated to pay to the Secretary,and Lender shall prompUy refund any excess funds to Borrower. Immediately prior ta ;�uy�,
<br /> a foreclosure sale of the Property or its acquisition by L.ender,Boaower's account shaU be credited with any balanca �'�'�:_
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<br /> ' remaining for all installments for itcros(a),(b),and(c). ...�
<br /> 3.AppGcaHon of Payments.All payments under paragraphs 1 and 2 shall be applied by i.ender as follows: °'�-�
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<br /> � Fj�,w the mongage insurar►ce premium to be paid by I.ender to Ihe Secretary or to the monthly charge by the -''-
<br /> � Scxretary instead of the monthly mongage insurance premium; �L
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<br /> �$,to uny taues,speci�al assessments,lea.�ehold payments or graund rents. and f¢e, tlood and other hazard ��,~'� M1_
<br /> insurance pnemiums,as requ�red; "'-��
<br /> `�r �i�.to interest due under the Note; .�f�-_�
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<br /> ' �,ta amorti7ation of the principal of the Note;and •
<br /> �,w late chazges due under the Note. ��'�'�
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<br /> �� 4.F�re,F7ood and Other HAZard Insurance.Boaowcr shall insure all improvements on the Property, whether ' _..
<br /> now in eacistence or subsequendy ere�ted,against any hazards,casualties,end contingencies,including fire,for which �,,�..�,,,—.
<br /> _-__ ,_ Lender requires inswance.Thls insurance shall be maintained in the amounts and for the periods that Lender requires. �i_'��;��---
<br /> � Borrower shall also lnsure aU Unprovemcnts on the Property,whether now in existence or subsequently erecteci,agair►st ;����
<br /> ��� loss by tloods ta the extent required by the Secretary.All insurance shall be carried with companies approved by Lender. =_ --
<br /> �.� Tho insurance policies and any renewals shall be held by Lender and shall include loss payable clausos in favox of,and __
<br /> in a forn►acceptablc;w,Lendcr. - =
<br /> In the cvent of loss.Aorrower shall givc Lender immediate noflce by mail.Lender may make proof of loss if not -_
<br />- made prompdy by Borrowec.Bach insurance r.ompany coneemed ls hereby auttwrized and directed to make payment for --
<br /> � such loss direcdy to Lender,instead of to Bonower end w Lender joindy.All or any part of the insurance proceeds meY
<br /> be applied by Lender,at its option,either(a)w the reducaon of the indebtednes.s under 1he Note and this Securiry - -
<br /> Instrument,first to any delir►quent amounts applied in the order in paragraph 3,and then to prepayment of principal,or
<br /> (b)to the restoration or repair of the damaged Pcoperty.My application of the proceeds to the principal shaU not extend
<br />- or postpone the due date of the monthly payments which are referred to in paragraph 2,or change the amount of such
<br />-r% �.. payments.My excess insurance proceeds over en emount required w pay all outstanding indebtedness undu the Nott
<br />- `� and this Secarity Instrument shall be paid to thc entity legally endtled thereto.
<br /> ,:+. � In the event of foreclosurc of this Seturiry Inst�umenc or other transfer of utle to the Properry that extinguishes the
<br />` ; ; 4 ' indebtedness,all right,tide and interest of Borrower in and to insurance poGcies in forco shall pass to the purchaser. -
<br /> , � S.Occupancy,Preservatbn,Mafntenance And Protectton of the Property; Burrower's LoAn Applicatioa;
<br /> Leaseho[ds. Borrower shall occupy,establish,end use the Property as Borrawer's principal msidence within si�cty days —
<br />`"'� � aft�er tLe execudon of this Security Instrurnent(or within sixty days of a later sale or transfe�of the Prope,rty)and sball
<br /> _ ' conpnue to occupy the Property as Borrower's pdncipal resideace for at least one year after the date of occupancy,
<br /> � ���� unless Lender determines that requirement will cause undue hardship for Borrower,or unless exunuating circumstances
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<br /> x'� exist which are beyond Borrower's conuoL Bormwer shall notify Lender of any extenuating circumslances.Bo�rower =:�.- _.
<br />- ' shall not commit waste or destroy,damage or substandally change the Pcoperty or aUow the Pro�erty to deteriorate, ��,};
<br /> �. rea5onable wear end tear excepted.Lender may inspcxt the Property if the Property is vacant or abandoned or the loan is ��,�,�=.�
<br />= in default Lender may take reasonable acdon to protect and preserve such vacant or abandoned Property. - -_ ___
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