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<br /> . � , ,.:� If the amouats held by L�tfder ior Esctow Items eaceed ttie amounts per+mitted co be he�l Dy RESPA. icader � :
<br /> s o e
<br /> ` shall aocaunt w Bomawer for tbe euoess ftmds as cequjted by RESPA. [f the amounts of fuads held by Lender at a�y �.��`.
<br /> . '' ." dme are aot sufficieat w pay th~e Fscmw item�ta�hw due, I.eader may nodfy ttse Borzouer aad require So:rower m -
<br /> � ' � make up the sIlostage as pamittad by RFSPA.
<br /> . � � '[he Escrow Fuads ac�e plodged as addinau�at seau�iry ior all suau secured by this Securiry tactrument. If ..
<br /> �; =�r.•;.,�t.,�.;���� Borcower tendeis to I.ender the fuU gayment of all sush swtls.6ormwer's aocount sh�l1 be aedited.vith the ba2aace . ._
<br /> -- ° -- = - n�naining foa ali instaflaunt itet[�s t�.tb).and tc)and aay:nortgage iosuta�e pretnium�ent that I.eader hag .__
<br /> : -,.A �,:; DOl I)ClOIDC Obll$3SCd tQ[!8}I t0 tI1L'�. and Lender shall pmmpdy refuad an�exoecs funds to Bumaw�er.
<br /> .. - .=_.:;`, 1mme�lia�t 1Y Priot to a foreC105u[2 sale of d1e Pmperty or tts aoquisiii4a 6y ltnder.Bonower's acoount shal! be •,�.
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<br /> � - `` CIEd"lied w11I18I1y b8l8IIfle[Cm�i!$f0I 8ll+rietaltm n e fot I�CII�S Ie).N).and(c). =�•.
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<br /> 3.Ap$ffcatfan of Pmymeats.All paytnents�mdec P�S�PLa 1 and 2 shall be apptied by I.eader as foIlows: ';J�. ;,
<br /> :``:� �,to the martgage ins�uance premium to be paid by LEnder[o the Sect�etary or to tLe momhly ctsarge by the ,''�'':,;°.:
<br /> : �;�
<br /> ' S�ccetary instead of the mantitlg murtga�e iasur�cE premium; ',�:
<br /> , r� S,�g�,to any raaes.special a�nts.leasehold payments or groun�d renss.aad fine,ttood aad other hatatd
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<br /> :;,;;:�:�";:<i����', ��ft. �p��ns'as toqttired'
<br /> �l.:� .s _��. Third.w imerest dtte nuder t�e 1Vate;
<br /> . .��`' ' -_ �,to amortiratioa of dte�aI of t�e DTote;and ,
<br /> � � <: ;'�. g�.to late d�arges due Under the 1Vate.
<br /> . � •'�. 4.�ue,Fload aad��aco�S�rsase.�3at�awer shali iasure all impmvements on the Pcop�cey.whether �
<br /> '�n aow ia existernce or snbsequ�dY¢�ecte�*�nst as�f�ara�ds.casualties,and contingeacIes.iaciudIng fue.faa which
<br /> .�. . . . �,
<br /> ..._`•�:: LCOd?i t� iac+,ranoe. TbL4 IOSOi�Sb811 bC m31III8iA�!II thC BIIloIIDtS 3IILl fOT d1E�d4 t�I 1.eQQCi n'
<br /> . , . _.__. _," requIns. 8ormwer sha21 alsa iann�aF� uapiovements oa the Fzopc�ty.�her rtow in enisteaa�a or snbsequeatty
<br /> :;<':..�:��'4; ;i:�;si, erected.against toss by Qaads to the extent required by the Se�cetary.All insusance sball be c�riad with companies �
<br /> ��'� � '�'°' approved Isy lxader.'fhe ian»n�pulicies aad aay mnewals shail De he�d by l.e��er and shall inciude Iosa payable �." ?.
<br /> ':::�:...�'�� a`�s�'� cl�ses in favor of.aad in a fturm acoepta6le to,lxnder. . ' .
<br />` ,__.',�r� �'�� ="'"'`._ In[he eoeat of toss.Boraower shafl give Iendec im�ed'rase aotice isy mail.l�may make pmof of loss if not - .
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<br /> :,r,�< =-i�. �P����I+Borcawer.Each iasuaance company coneemed is hereby anthorized and direiced to make paymeat
<br /> .:.�,��� ,: • �::� fir sach loss dseedy w l.ender. instea:��f w Borruwec�d w II�jointty. AU or any pact of the insivaace ,fJ�.
<br /> be licd �ender,at as on,e��ec(a)to the rec�stion oS tae ra�ebteda�ss under the 1Vaoe and '�;,,�:
<br /> Af'� {' . ��Y ePP bY °� 3,au�iheu to � '�
<br /> :t�ts Securlry Insuumeat,fi�t,o anY de�nt a�vm�is a�plied in the onder i��h P� �::
<br /> ? '.��,� ' ` � ,��;��p r i n c i p a l. o r(b)t o t h e r e s t o r d t i a a a i,n e p a i r o f t h e d a m a g e d P m�P�Y• �Y�i��oa of cDe p ro c e e o�s:tv�the �,
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<br /> . ;�.�'��, , ,' -' ' '. Prineipa]shall not extend or panpoa��due date of the�nthly payments wtrieb ac�ce5�aect ti�ut�paragraph 2,or -
<br /> ;F�D,`` >.: ��� cl�ange the amount af such payments.�1�excess ins�uance proceeds over�amouqt�uir�;tp`�atl outstand�ng .
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<br /> '.r;��}, � tndebtedaes4�der the Note and tdis Securiry Iasuament shall be pa�d to the enac�ic�y e��:��i�to. -i•- ;'_
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<br /> ..�{,���t �.,'- •In the eveat of forerlosure af Wis Securiry I�trnment or ather traasfe[ot�:�i��ite�:�:chat e�s�a r� ;
<br /> �.��.. r� 1II �,•s�ail �ti3"it�e �,
<br /> ,,;, the inQeDtedness, all right, tide and iater�ct of Bbrrower ia and to i�nsur��1S.i�s p
<br /> ' - . if ��O•oca Pteservation, b��nce snd Pmfedtan c�'i����PorroWe��a Application. �E,�
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<br /> .i.easehoids. Bormwer shall oaupy,e�'�,attd us�thc Proper[Y�as Borrowt���ipat res�dence wl�r.s,i;cy
<br /> .� ,� ifays after the execution of this Security Insunmeat(�c.�'�hin sixsy+days of a la����r traasfer of ihe.�) �
<br /> � � . �. :�d suall contiaue to occupy the PcopeJty as Boaawer's principal resideace for�:l�one year after��ii�.:o� F�
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<br /> ' � �;<;.< oocaPancy,tmless I.eader determiaes tba��uirement arill caus�undus h��dship!for�o:rowea,a�.uaatess extenuating �_;�;=_-•-
<br /> �_ . . � ' cinumstances exist wh3ch are �Yansl'•`�,rrowet's wntml. Sosmwer shall tiotigy Lend�,;.�;�ny ektenuazing
<br /> . ''.' c�rcumstances.Borrower sb�!ctez at�m?t1�.,`waste or desuoy�damage or substanti��.:�:�ange the.4't^�pertY or allow the
<br /> .::.�� if the �s vacant
<br /> .. .. � .�loperty w deterlorate,reasnn�ls�,�•�i�d'aad tear excepted.lender may Inspoct t�tE l�yeny Propert7+'
<br /> " . �, .. `ai,abandoned or the toaq:ii�iii:rd�,�¢:_Leader may take reasoaable acdon w p;+�t aad pr�ve such vatanr or •..
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