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<br /> `��..�� . . 97- i0'�'432
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<br />""•� �' Le�►dN may,1t anr tkM, ColllCt And hold �►nounl6 for EBCrow Items �n an uqproQil� ampunt nol to Ixceed(he maxfmum
<br /> ;,-'::�'�' Ilmount Ihat may b� rlquk�d for Borcowu'e �scrow sccount untlar lh� FioA�Eblote Settlpment ProCeduro� ACl oP ID74, 12 U.S.C. -__.
<br />_•"" � ' 8�p� !j uq, �nd knpl�rnlntfnp rapul�tlone, 24 CFR P�A 3500, ns lhey may�e emend�d Irom tim�to tkne ("RESPA"), �xcpt _
<br /> �; a.�
<br /> "��'�•;�': thsl th� oushion or ns�rvr p�rmitt�d by �SPA tor unpntfclputYd dlzbur6emenis or d�sbursoments boloro Ih• Borrow�r'�
<br /> �;,j,,,-;� paymmt�an�v�I4tbN h tho account may not be based on emounts due�or the mortqop� �suranr.e pr�mlum.
<br /> II Ih� Ilmoun�t h�b t�y 4�nder lor E6crow ItYrt+s axCwd tha�m0unis ptrmitteC[o W hokl by RESPA,LMdw 4hall�CCOUnI
<br /> In Borrower lor Ihe �xcess w�ds ns required by RESPA. II the mm�unta ol funds held by 4onder at eny IMne are not 6uHbknt lo �
<br /> .�';^:' rm:tlnd b ��
<br /> ;�-� pRy lh� HsCrow Itwns whan duo,Lantler may notify the Borrower and roquka Borrower to maka up tne sr�o��efle 4s po Y
<br />��.,�.��� FESPA. -
<br />_=� Ths EeCrow Funds are ptedped es additlonal security for all aums 6ecurod Dy this Svourity Inslrum�nt If Borcows►t�nd�rs
<br /> _-�� .
<br /> to Lenda► the fu�paym�nt ol an such sums, Borrower'a account sheli be Credit�d with Ihe baync�r�rn�inh� lor all InaN
<br />— Items (a), (b), end (01 and any mortyafle hsurance premlum instaltment thet Lender h�e �ot bocom� oblqatod to pay to the
<br /> ; .' �+.�� Secrelary,�nd Lender ehali prompty reWnd any excess funds to Bortow�r.ImrMdlatey prlor to e lor�Cbaun uN of tha Propeny
<br /> ���"'� ' or its acqulakbn by L�nder,Borcow�s account shell be credited with any ba�nce t0mainhy for eN in8t41knin[S tW RYmS(9), (b), -
<br /> _;i. ,.
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<br /> . �'t�`r. �nd(a).
<br />"�s�J'" 3. Applioetton of Peyments. All payments under Parapraphs 1 8nd 2 6hn11 be e�plied by Lsnd�r as lodawb:
<br />-�yY��Ff-.i�
<br /> Fl�it,to the malpaqe Insur�r+ce prwnlum to be patd by Lender to the Secretary or to the monlhly ahtrpo by tho Socratary
<br /> � instend of the monthry moAqaye fnsurance premfum:
<br />.,�`'���:� Second, to anr taxes, specia� assessments, leasehold payments or ground rents, and lie, flood and other harard
<br /> --�.,:1.- tnsurancs premiums. u reQukedc
<br /> -'�'�'��' � Third,to Intareel due undx the Note;
<br /> :e��"r�;x�i,
<br /> ''->� FauMh, to amatizatbn oi the prhCipal of the Note:end
<br />'=•�+;",�+�,� F[ith,to lete CAtr0e9 due under the Note.
<br /> :.-,r�,,�t •�
<br /> 4. Fire, Flaod and Other Hazard Insurance. BOrtower Sh811 insure all improvements on �hs Property, whether
<br /> now in existenco or eubsequently erected, aqanst any harards, casueR�es, and contkiyencles, IncUdiny fro, lor wh�h Lendor
<br /> ��� requYos inauranCe. TNS InsurBnce shall be maintelned h the amounts and tor the perbds that Lender requkes.BorcOwx shall
<br /> � also hsure all Imprq�remqnl8 on the Property,whether nOw in existenCe or subsequenlry erected, epeinst bss by Ibods io th6
<br /> °`�+��:�� extent requred by the Secretary. All insurance shall be carried with companles approved by Lender.The nsurence polkies and
<br /> -���:�:� any renewals shall be held by Lender and shall include loss payable clauses In fovor of,and'n e form accepta.bq to,Lender•
<br /> ""='`��� In the event of bss.Borrower shall give Lender immediate notice by mall. Lender may make proo�of b6s Y not made
<br /> promptly by Borrower.Each Insurance company concomad fs hereby authorized and arectea to make payr�.w�t :ur s�ctt �000
<br /> ��� � directly to Le�de�, i�stead of to Borrower and to Lender jointry. AII or any pert ot the�nsurflnce proceed9 �Y �ePP�d by
<br /> — Lender, at ks optbn,either (a)to the reduCtion of the indebtedness under Ihe Note Nd this Securky Instrument,firsl to any
<br /> —� d9lhquent amounts �pplied k� the order h Paragraph 3,end then to prepayment ol pnc�ipal,or(b)to the restontbn or repak of
<br /> . the damayed Prope�ry. My epp��atbn of the proceeds to the principel shall not ettend or postpone ihe due date oi the
<br /> monthy p�ymmts whf�h �re reterred to In Parayraph 2, or chenpa the amount ol such paymw►ts. My �ccess hsurance
<br /> ,��,' prxaeds ovw m amaint requked to pay all outstendhp indebtedness under the Note tnd this Security Inslrum�nt ehall bs pafd
<br /> �;,�, � to Ihe entky lepelly enlitfed therato.
<br /> - ' i In the event af lo�eclosure of thls Security Instrument or othet trensfer of title to the Property that extinyubhes the
<br /> indebtedness,tu righ6 title nnd interest ot Bortower in and to Insurance polictes In torco Shall pass to the purchaser.
<br /> ' 6. Occupancy. Preaervetlon, Meintenance end Proteetion ot the Property; Bo�rower'� Loen
<br /> — `• AppllCetfon;Leaseholds. Borrower shall occupy, estabitsn, and use tne Property as 8ortowers prhaipel rasklatce wkhin
<br /> v -�? sbAy days aftor ths ueeulbn ot this Securfty Instrument (or within slxty dnys of a later sale or tr��sie►of the Property)eod ahaN
<br /> conthuo to occupy Ihe Property as Borcowar's prinotpal residence for et least one yoar aker the date of acupanoy, unbss
<br /> Lendor dNermin�s tlut requkemunt will cause undue hardship 1or Bortower, or unbss�xtenuatfn� ciraumslanCts exkt whbh are
<br /> beyond BoRVwer's eontrol. Bortower shalt notily Lender ot any extenuathp clrcumstances.Borcower shail not commit waste or
<br /> �°`"'-` destroy, domapo Or aubstantiady Change the Property or eliow the Property to doterlorete, reasonable wear end tear excepted.
<br /> I.ender mty Inspect Iha PropeRy H tho PropeRy Is vacant or abandoned or the ban K in detauk.Lender may take reasonable
<br /> aolbn to protect and p�eserve such vacant or abendoned Propeny Borrower sheA also be h defauk M Bortower,durhq the ban
<br /> appNcatbn process,pave materially false or inaccurate Information or statements to Lender(or taiied to providi Lender wkh any
<br /> � mater(al informetlon)h connectlon with the loan evfdenced by the Note, including, but not limtted to, representatlons conc8ming
<br /> BorrOwer's ocCUpancr o�the Property as a principal residenCe. �� this Security Instrort+ent is on a 18asehob, BorrOwer shall
<br /> Gomp�y w�lh the prm*sions ot the lease. It Borrower acquires fee title to the Propertr,the teaSehold and t�e 1RIe s�ali not be
<br /> ' merqad unless Lender agrees to the merger in wrlting.
<br /> �� ` 6. Condemnation. The proceeds of any award or clalm for damages, dlrect or consequentiel, in conneCUon wkh sny
<br /> -- condemnitbn or otlar takhy of any pRrt of thtl Property, or tor conveyance h place of condemnatbn, are hereby assipned and
<br /> -R��c,� + sheil bs paid to Lender to the extent of the lull amount of the hdebtedness that remains unpaid under the Note and thls
<br /> = � Secu�ity Instroment.Lendor shatl epply such proceeds to the reductbn of the Indebtedness under the Note and thls Securky
<br /> __:::;�tiw� . _
<br /> ----- Instrument, tkst ta Any dellnquent emounts applled In the order provided in Peregraph 3,and then to prepayment of principal.
<br /> _ v'`+LL
<br /> _ ;•;c�r:.�!'" Any appFcation Of the proceeds to the principal shall not extend or postpone the due date of the monthy payments, whfch are
<br /> --,,'r, reterred to in Paragreph 2, or change the amount of such payments. Any excess prxeeds over en amount requked to pey all
<br />-""�;�,,.,��.�_� � outatandinp indebtedness under the Note and this Security Instrument Shall be paid to Ihe entity legally entRled Ihereto.
<br /> ... .,..
<br /> ��'h'-=' - � w�____�� 0....wmar nnd Prntar.finn nf Lender's A��f1t8 tn the Property.BotfOwet ShIIll p8y 8�1
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<br /> = - govemmental or rnun�cqal charges, finos and impositions that are not inctuded in Paragraph 2. Borrower shall pay these
<br /> n,�'�"0 ��' obifpattons on t�ne dhectly to the entity which is owed the payment. If tnlNre to pay would edve�sety aHect Lender's fntarest fn
<br /> ---.;r`. ` �.�) the Property,upon Lender's request Borcower shall promptly furnlsh to Lender recelpts evidencing Ihese payments.
<br /> - �" ` If Borrower taib to make these payments or the payments required by Pnragraph 2, or falls to perform any other covenants
<br /> ��...t=.
<br /> �•i:;: and agreements conlakied(n thfs Security Instrument, or there Is a legal praeeding that may slgnHaently flftect Lenders rights in
<br /> = the Property (such es a proceeding k� bankruptcy, for condemnatlon or to enforce taws or regulr3tlons), then Lender may do and
<br /> -'_?� pay whalever IS netBSSery to protect the value of the Property and Lendar's rghts n the Property, kiCWding payment of taxos,
<br /> '''��,' .;,,r:� hamrd Nsu►ence and other items mentfoned in Paragraph 2.
<br /> :: . ,�.
<br /> s�.�} 7ir�
<br /> ��.��,�,yt� { Paqe 7 0l 5
<br /> =a��y,, f�,; f6618.LM0(819I)
<br /> •F:���.'vY►V-
<br /> 567
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