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<br /> 4�nd�r m�y,tl �ny tYrw, coll�ot �nd hold �mpunt�fot Escrow It�ms in�n �flprpatl amounl not t0 �xtwd th� mnxhnrr►
<br /> �mounl lh�!m�y b�r�q:ik�d lor BorrowM'� �eCraw aecount undar the Real Eetet� Sitll.xe�nt ProC�dun�Aol ol 1D7�1. 12 U•S.C.
<br /> �2601 ��, �nd impl�msnthp r�pu�ibns, 24 CFR P�rt 3500. �e fh�y may bo �rtNnWd kom tim�to tYM("RESPA'),�xslpt �
<br /> ►h�t lh� authbro or ntMw pumNt�d by RESPA tor un�nttcipat�d disbure�mants or dlsEun�m�nts b�far� th� Borrowu's
<br /> p�ym�nts�n�v��bN In th��ccount may not b�bssed on�mounts due for Ihe mohqape k�aur�nco pr�mium. �
<br /> If th��mount9 hNd hy L�nWr�or Eecrow IINns �Tcwd ths amounts pwm�tt�d to be held by RESPA, Lsnd�r��aM�ccount �
<br /> to Borcowu lor th��xcass funde �3 raqulrsd by RESPA If t�e amounis ol funds held by LenWr�t any tim�ar�not tuAiCi�nl lo '
<br /> pay pio Eccrow Itcni�when duo,Lcndtr may notlty thn H�nrowe�and requ�re Bonower to muke up tho shorta�as pwmRtad by i
<br /> aesp�. M'�'
<br /> Th� H�crow Funds �n pMdy�tl �s �ddhbnal socurdy lor all sumg secured by Ihls S�curily Instrum�nt. 11 Borrow�r tsndors
<br /> to l�ndN th� full paymw�t ot eA wch sums, Borrow�r'�account ehull bs craditod wfth tho b�4nCO nmahinfl fOr aN InstalUr.mt
<br /> RKns (�), (bJ, �nd (a) tnd any mortp�p� in3unnc� pnmium hstelknent th�t L�ndar h�s not b�con+� oblfp�l�d to p�y io Mm
<br /> Secr�luy,md L�ndw shall promptly nfund sny�xc�sa lu�ds to Borrawar. Imn�dlatory prbr to o loncbaun taa of th�Pra�vrty
<br /> or ka�aquhHlon by I.snd�r.Borrower'e eccou�t shatl M crad'R�d wRh iny b�bnco rNnainh�lor ail tnstalkMntf tor kam�(�),(b1,
<br /> �nd (o).
<br /> 3. Applic�tton of Payments.All p�ym�nts under ParaflrapAS 1 and 2 shill b�opplied by LMdar�s foMcws:
<br /> F�fi1,to th�mortpaq� hsunnCY premlum to be ptid by Lander to lhe Sooratary or lo ths mOntAly C�arpe by t►+q S�Cr��ry
<br /> hsNad of U�monthy mOrtpa�Insur�nc�pnmlum;
<br /> S�COIid, t0 any tuc�s, 6p�Clll iS59i5(IfWttb, k�6eh01d pAyment6 or ground rents, end ��n, fbod �nd ottwr har�rd
<br /> hauanc�pnmluma,ae requx�d:
<br /> Thi�d,to Int�nst dw undw the Notr,
<br /> F�Urth� to amoRiutan of th�princpal of ths Nar. and
<br /> Flnh,to kb ohary�s duv under the Nob.
<br /> 4. Firs. Flood end Ather Hazard Insunnce. Bortower ahau insuro all(mp�ovwnaits on Ih�Property,whNh�
<br /> now n �oclstN►a or aubsequently erected, apahs! any haurds, casuaRtes,and cont�npencies, hcNdinp fr�, tor wAfch L�ndor
<br /> nquNys Intunna. Thls Insurance sh�ll bs mahtahed h the amaunts And tor Ene perWds tnat Lsnde► requirss. Bonoww 6haB
<br /> tlso hsun aH hprov�nants on the Property, whather now h exlstence ar subsequanty erected, apahst bss by Noods to Ihe
<br /> at�nt nquired by ths Secretery. All insurance shall ba carried with companles approved by Lender.Ths insuranca aaGCSas ond
<br /> �ny nn�wNs sh�ll be held by Lender and shall hclude loss payable clauses� favor ot,and in a form�ccsptabM to, Und�r.
<br /> In th�svent Ot bas, Borcower shall pive Lenaer'+nmedl�te notica by mail. Lender may mako proot of bss if not m�d�
<br /> pi'vTi('i21'� L� L'LrtC.•.:ott. w"�!s lsiS;u�RC° C�ls!¢3.^.y ^�!trarnsul (5 11PtAFfY ault�otlzttd erld dtBCtYd l0 rtltkY peyrt�Ori� f0� 6uCh IPSS
<br /> dkecty to L�nd�r, hstend of to Bortower and lo Lender Johthr.A�� or any peR ot the hsurena proc�ads rtuy bs �ppli�d bY
<br /> Landw, �t ks optbn, ekher (a) to the reductbn oi the indebtedness under the Note md thts Security InsWment, flrst to�ny
<br /> d�linquant�mounta applied in tha ordsr h Paraqreph 3,a�d ihen to prepsym�nt ot princpal,or(b)to tha nstoratton or r�F of
<br /> tA� damap�d Prop�rty. My appNcatfnn ot ths proc�eds to tho prhoipnl 6hall not exnnd or postpon� th� dW d�l� ot tho
<br /> monthty ptym�nu whbh ora rekrred to In P�npraph 2, or onange the �mount ot such payments. �ny sxc�as hsur�nc�
<br /> procMds Over�n�mount requirad to pay ail outstandlnp tndebtedness under tt�e Note uid this S�curky Instrument ah�l b�paid
<br /> to tM�ntky isptNy entRled t�eroto.
<br /> In tho event of toreclosure of this SecurNy Inslrument or other transfer of tkle to ths PropsRy that �xtfnpukhe� th�
<br /> indebt�dn��s, al1 ripht,tkle and interest of Bortower in md to fnsurance policles In force ehall pass to the purchas�r.
<br /> 6. Oacupancy, Preser�aUon, Mainteoence and Protection of the Property; Borrower'E 4�m
<br /> Applica11011; LEaSQhO�di. Borrower shsll occupy,esteblish, end use the Property as Bonoww's prMcip�l ns(dM�CO wRhin
<br /> tbcty d�ys afta'th�ewecutfon of thk SeCUrity Instruminl(or within sucly days of 8 leter 58ia or transler of the Prop�rty)�nd�hal
<br /> conthu� to xaupy ths Property �a Bortower's princpal residenca for at least one ye�r aker tha dato ot occupancy, unksa
<br /> LendK d�t�m►inra thrt nquk�rtbnt wiN cause undue h�rdship for 8orrower,or unbss exlenuatinp cicumatancss axitt which sn
<br /> b�yand Barow�r's control. Borrow�r shall not�fy l.en0e► of any oxtaivatk+9 otrcumst�ncos. Bottowar shaN not commk wasu or
<br /> d�atroy, d�ma� or aubstantMlly ahanqe the Prope�ty or allow the Property to deterbrete, reasonabfa w�er and taar bwpl�d.
<br /> L�ndK m�y fnspeol th� Property M th�PropeRy Is vu�nt or abandonod or the loan b kt deTauR. Lendir may bJc� rMSOntbM
<br /> aatbn to prot�ct and pressrvo suoh vacant or abandmed Property. Borrower shall also ba fn delauR M Borrowe►,durinp tha ban ,
<br /> �pplkatbn proCesa, gave materinHy fa�se or ineccurate hformatWn or statements to Lender (or foiled to provide lendar wkh e�y
<br /> rtwt�riul Intormatfon) In conneclbn wfth the loen evidenced by the Note, incbdk+g, but not Hmited Yo,repras�ntttbns concernlnq
<br /> Bortowers a:cupnnay of the Property us a prinCipel res�dence. li thls Security Insuument IS on a kuehold, 8ortowe� 6ha1
<br /> aompy wNh the provlslons of the lease. If Borrower acquires lee tltle to tho Property,lho �easehold and 1ee tkN sh�ll not b1
<br /> metpYd unkss Lender a9rees to the morqer h wrRtng.
<br /> 8. Condemnetton. The proceeds of any award or etakn tor damapes, dkect or consequentlal, In connoCtion wkh any
<br /> cond�mmlbn or other teklnp ot any part oi the Property, or for conveyance In plece ol condemnatbn,are hereby aselpnod and
<br /> 6haN b� ptld to Lendar to tha extent o} the tull emount of the hdebtedness thet remahs unpeld under thp Noti 4nd thb
<br /> S�curity Inshument. Lender sheN �ppy suah proceeds to the reductbn ol the indebtedness under the Note and thb SecurHy
<br />— InstrurtNnt,ttrst to any detlnquant emounts eppued h Ihe order provlded N Paragraph 3, nnd then to prepayment ol princpal
<br /> l4ny appNcatbn of the proCeeds to tne princlpal shall not extend or postpane the due date of the monthy payments,wh�h aro
<br /> ra(�rred ta In Parayraph 2, or Chenpe the emount ol Such payments.Any excess proceetls ovx an amount requfred to poy al
<br /> outst�ndhq indebtedness under the Note end thfs Seeurity Instrument shall be peld to Ihe entlty legally enthled thereto.
<br /> 7. Charqea to Borrower and Protectlon of Lender'a Rights In the Property. eonower shfl11 pey ai
<br /> ..�
<br /> QOYiff�1116f11Y) Of fl1Uf11Ci()dl Ch8�Q95. fh0r efltl MI1pOSR�Of15 L11fli 0�0 nOL i�o�u0eti i� �u�nyibpn �. o'v,�vem o�,�.". j.�� ...�w
<br />-- oblpations on thie dFectly to the entity whlCh Is owed the pnymenL It tafWre to pey would adversely aflect Lender's hte�est B
<br /> - the Property, upon I.endor's request Borrower shall promptly tumtsh ta Lendor rocelpts ev�dencing these payments.
<br /> = If Borrowet faits to make these payments or the payments required by Paregraph 2,or fails to per(orm any othet Covenant6
<br /> _ and ayre6rtWnts COntakfed �n this SCCUrily InstrumenR Or there �s a lepal proCeeding thal may slgnlfiCently ettBCt Lender'6 riphls h
<br /> = tha PropeRy (such as e procaed�np h bankruptcy, for condemnat�on or to entorce Iaws or regu�aUons),lhen Lender may do and
<br /> — pay whetever Is necessery to protect the vatue of the Property and Lenders rlghts in Ihe Property, hCludhq peyment of texea,
<br />— hazerd h6urenCe and ot�er items mentfoned In Paragraph 2.
<br /> Fse+s.�MO�eie» N�e.z o,s
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