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<br /> 97- 10'�1�2
<br /> � UndM m�y,�1 any tkn1,oolMOt u►d hofd�mountf lor Etcrow �tNns �n �n �9prp�tr �mount not to�xcMd the m�xk►wm
<br /> �mount tha!rt►�y W roquk�d lor 9orrow�'a�scrow �CCOUnt unWr lh�fipal F.ttat�Setttament PrpC�dura3 Aot ol 19T4, 12 U.S.C.
<br /> �2f,01 Qj y�, �nd knplwrNntlnp rayu�tiona, 21 CFR Part 3500,ae tfioy may ba amanded Irom tYna to timo ('RESPA"),�xctpt
<br /> th�t th� auohlan or ntkw pwmMt�d by RESPA tor unmtfolp�t�d dfsburs�rtNnu or dlsburs�ments b�ton th• BortowMe
<br /> p�NmNiti�r��v�WbM in th��ccount may not b�b�s�d on�mounis dw lor th�mortp�po insuranc�prcmlum.
<br /> if th�Nmount�h�ld by l�ndw Ior E�tcrow IIMnf lzcwd lh��mounts QermRt�d t� b� h�b by HESPA,L�ndM thaM Uccount
<br /> lo BOrtow�f fa thi�cMS lundf 4s nquk�d by FiESF'A.If th�amount�of funds h�kl by Under at�ny tlm� �n not suMbMnt to
<br /> p�y tM E�crow It�ms whMn duo,LMfdM rt�y no1My lh� dorrow�r tnd nqulr�Borcowa[o mak�up th� short�q�aa p�rm�tW by
<br /> Ne9PA: `
<br /> ?h� E�ow Fund���p�d u �ddklonU s�curky lor�N tumf s�cund by thb S�curky Inslrum�nl. If BoROw�r t�ncNn
<br /> to L�ndM IM fuN paymint ol aM tuah tum�, BonawM'��ccount �haN bo cndR�d wkh th�bawna r�ininp for aN hst�l�rwnt
<br /> N�eM (A), (b), �nd (o) md 1ny moAWp� Meunne� pnmWm fn�t�Mm�nl th�l L�ndsr hu not b�cortN obWpat�d to pay to th�
<br /> B�CtMYy,�nd UndK�h�lf promplly rNund�ny�xc�ss lunda to Borrow�r. IrtwMdMtey prlar to a for�Cbsur� �N of lh�PropsRy
<br /> or kf�cqukRlon by L�ndK,Borrowsr'��ccounl�h�M b�crWksd wRh�ny beiu�ce ramainfnp for aN hatalh�ents lor Rrms(a), (b),
<br /> snd(o).
<br /> �. A�apllaaUon ot P�ym�111l. AM paym�nt�undw Panqrapha 1 �nd 2 sh�ll b�appl�d by Und�r as(oMOws:
<br /> FUaI,to tM moAp�y�Insur�ne�pnm4m to b�paid by Lende�la the Secretary ar to the monthly ohsrye by ths S�Cratuy
<br /> Instad ot th�monthly mortplQ�InMU�ncs pn+nium;
<br /> 8�cond� !o a�y taxH, �peCW �itttsmints, I�s�hold peyrt�enlB or ground rdnts. and fYe, fbod md othM hwrd
<br /> hsurM�e�prM»lum�,af r�qult�d;
<br /> 7hled�to htenst dus under ihe Note;
<br /> FOU11h�to MnaRia�tion of th�principul ol th� Nqtr, �nd
<br /> Flf�h,to wa enarp.s du�und�r th�Not�.
<br /> �. Fir�� Flood �nd Qths► Hu�d Insurance. Borrow�r shaN insun aN knprovsnwnts on th�Proparly, wn.cn.r
<br /> now In �xNtM�C� or �ubs�qu�nty �nctad, ap�hst �ny hwrds, casu�kies, �nd contlnqencbs, fnck+diny 8r�,tor whbh L�ndor
<br /> ��qulrq h�wl�nc�.TAb inturanc� sh�ll W mablain�d in tha omounts and tor the periods thpt Lender nqulres. Borrowar ShiN
<br /> aVto Insun�M fmprov�nb o� th� Propwty. wh�th�r now fn �xiatence or suba�qu�nty eroctod,�ya�nst bsa by fbods to th�
<br /> �xtmt nquind by th�S�ciNWy.AN inaunnc�thaU b�cartMd wRh companws approved by Land�r.Th�hsuru�c�poli¢Ns �nd
<br /> �ny rM►�w�k sMN b�M{d by L�ndM�nd�haN hclud�bss payabM c�us�s h hvor ot,�nd'n a tortn acc�ptabM to,L�nd�r.
<br /> In th� �wnt of bas. BorrowK ahaM plw L�nd�r fmm�dkt� notk� by maN, L�ndsr rtuiy mak� proof of bss M not rt►�d�
<br /> prompty by BortovrK.Each hsutana company conc�m�d b h�nby wthorirad �nd diroctad to mak� paymint tor suCh bss
<br /> dRlCIIJI 10 LMIOQ�1nstMO of[o esortow�r ami io �.wloe� juiit'ry.All vi aRji �'iait 8}2=i� wioLliAL'i�r'iOC�""�L S!!..'j �.."3 '1�'��i
<br /> I.M�d1r, �t kt option, �Rh�r(�) to th� nduCtfon of th� hd�btednsss under the Note and this SoCUrity Instrum�►t, kst to any
<br /> efNNqu�t�mounri a�►pYSd h tM ord�r in Panpr�Ph 3,and thqn to prapaymont of prlrtcpal,or(b)to th�nstoration or npair of
<br />. th� dun�p�d PropMty. Any appYCatlon ol th� proc�eds to the princlpal shell not extend or postporn th� dus d�ta of the
<br /> monthy p�ym�nb wAkh an rM�rr�d to h ParepMph 2, or chonpe the amount of such paymenta. Any �xcsss hsunnc�
<br /> prooNds ovM an�mount nquk�d to pay ail outstend'ng Inde6tedness under the Note ancf this Security InsWmsnt!heM be pNd
<br /> to fM�n1iM I�oaYy�ntitiW IhKNO.
<br /> In th� �v�►t of forscbsure of this Securityr Instrument or other transfer ot tkle to the Property that sxtlnpuishes tM
<br />' indibbd�w�s,�N ripht,title and htarest of Bortower in dnd to tnsuranCO policles h force SheH pasa to the purch�sM.
<br /> 6. Occupancy, �reservatio�� Mointensnce and P�otecUon of the Properry; Borrower'a Lwn
<br /> - Applicatlon; Ll�tQhOldi. Borrowsr shaN xcupy, ast�blish,and use tAe PropeAy as Bo�row�s p�Y►aiW►I nsldmc�wRhh
<br /> = slety days�M►tM�oacution of this S�curity Instrummt(or within sbcty days of a ktar ui�or transt�r ot th�Propwly)and shtl
<br /> Qcontkiw to occupy tM PropKty as Bortowa�s prinapal roaklance 1or �t N�st on� y�ar aRa lh� �b of accup�sy, unha
<br /> � ' LAndK dNMmkNS th�t r�qut�rtwnt wip wuse undu�herdshtp for Bortower, or unless extsnuetinp Circumst�nC�t �ockt vrhtch w
<br /> b�yond BarowK's control.Bortower shaA notiy Lendar of any axtenuotfnp circumstances. Bonowu sh�A not commk wast�or
<br /> d�siroy, d�m� or substantkly chanp� th� Proparty or aNOw th� Property to datorbr�te, rs�sonabb w�sr md tNt�ec�phd.
<br />- Und1r may htp�Ct th�Property M the Property is vacant or ebandoned or tha ban Is fn defauR.Lendlr rrwy tak� natonabw .
<br /> �otion to proUet�nd pns�rw such v�cant w�bandoned Properly. Borrower shell also be in cJ&tauR if BorrowK, durtnp th�loan
<br /> appNcation prx�se, pws musrAly 1Usa a in�ccurate hformetion or statsments ro Lendur (vr faued to provid�Lend�r wlth �ny
<br /> � matwhl Intormatbn) in C��n�ctbn with th�ban evidenC�d by the Note, Includfnp, but not linked to,reprosent�tions conc�rninp
<br /> BorcowKs oecupu�cy of tM Proparty as a pnc�ipal rasidenca. If thk 3acurhy Instrument Is on a qasahold, BorrowK shiM
<br /> compy wkh Sh� provkions ot th� le�se. II Bortower aaqulres tee tkb to the Property, the bas�hold and fM tkN shaN not b�
<br /> . mM�pYd unMss LindM�pro15 to thY merqar h writiny.
<br /> 6. CondemnaUon.Th�proaads ot �ny award or ctakn tor dama9es, dkect or conaequentlal, h conn�ation wkh �ny
<br /> cond�matbn or other hkhy o}�ny pert of the Propdrty, or for conwya�ice fn piace of condemnatbn,aro hanby asslpn�d and
<br /> Eh�q b� p�id to L�nd�r to the axtent of the lull amount of the k►debtedness that remains unpald under the Not� end this
<br /> Securky InsWmmt. Lender ahall uppy such proceeds to the reductbn of the ndebtedness undw the Note and thls Sscurity
<br /> Inshum�nt, fkst to any delinquont amounts applled h the order prpvided In Paragraph 3, and then to prepayment o1 principal.
<br /> Any appliCatbn ot th�proceeds to the prinCipal Shall not extend or postpone the duo dats of the monthly payments,which are
<br /> refared to In Parapraph 2,or chanpe the amount of such payments.Any excess proceeds over en emount required to pay aN
<br /> outsundinp hdobt�dness untl�gr the No!e end thls Security Instrumont shail be paid to the entiry lepaly entkfed theroto.
<br /> 7. Charqea to Borrower end Protectton of Lender's Highta in the Property. Borrower sheY pey �II
<br /> pOvemmMltat or munblpai charpes, thas and Mpositbns that are not inCluded in Parapraph 2. Bortowir shall pay these
<br /> obflp�tbns on tkM dMsoty lo th� ontky whfch Is owed the payment.If failure to pay would advarsoy aMaat Lenders htxest in
<br /> � the Propwty,upon L�ndsr'e roquest 8orrowsr snall promptty h,mish to lendar reeefpts evidenchg these paym�nts.
<br /> It Bortow�r faNS to rtuk� th�ss psyments or the payments requirQd by Parapraph 2,or faits to pertortn any other Covenants
<br /> �nd�prNn�r►tt oontAh�d in t1US Security Instrument,or there is a Iepai proceed'ng thet mfly SlpnMbantly aHeCt Lenders riphts h
<br /> th�Prop�Ay (SUC�as� prxsedhp In bankrupiCy, for condemnetlon ur to enforce laws or repulatbns), then Lender may do nnd _
<br /> pay whatw� Is rncosasry lo proteCt the value of the Property and Lender's riphts In the Property, including payment ot taxes,
<br /> hwrd lnsur�nCa md Othw Rems mrintloned In Pareqraph 2. _.
<br /> Fseia.�Mn roro�l Pay�7 0� s -
<br /> ses
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