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<br />� � Lender mey, at eny t�e, Cv�iect a�d hDld amounls tor EsCrow Items m an agg�Agate 4mount not t0 exCeed the mOximum
<br /> nmount Ihel may be reqwred lo� 6o�►o�sur's escrow account under the Ren� Eslate Settlement Procedures Acl of 1974, t2 U.S.C. _�
<br /> J § �pt �kgR,and Impinmonliny reyuUbons, 2A CFR Part 3500, (ts they may bo umentled IrOm lime to lime ("RESPA"), exCepl �.-__
<br /> ' Ihet lhe Cushlon or resene pe�m�tted by RESPA for un4nl�C�pn�ed d�sbursemanls or disbursemenls billore lh0 Borrower's r`
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<br /> , payments a�e ava��able �n tne eccount mey not be ba88d on qmounls due for Ihe mortgage ���sur¢nce premlum. —_
<br /> .� II the umounts helq by Lender for Escrow Items exceed lne t►mounts permittetl to be held by RESPA, Lender shall account �:•-
<br /> - to Borraw�r far Ih�axcesa lunds LBna��T�n01�She BorrowAmand`equirenBor o erlo makerup t e ahortaye astPerm�t ed by _
<br /> pay the Escrow Items when due, `
<br /> �"•-�
<br /> RE$PA.
<br /> ��t�� Thp Escrow Funds ara p�edgetl es additlonal security lor A�� sums secured by thls Security Instrument. If Bortower tenders v
<br /> to Lender the full payment o�oll such sums. Borrower'S eCCOUnt 5��11 be Credited with the ha�e�Ce remBUiMq �Ot ell InStailment (� -
<br /> ,.�j��'�, Rems (a), (b). end (c) anC anY mOrtqage �suranCe ptemwm instAllmeni thpt Lentler hfl5 not become obiigated to pey to the � _
<br /> �»•. Secrels�y.end Lender shall prompt1y reWnd nny exCei s ��cred'Aed�w lh any belanCe�e'ma nu�g`or�sor�'t81�R ts Or�f�tems(a1p(b). ' �
<br /> � Or Nb aCqulsitioo Dy Lender,Borrowers accouni shal be Q i
<br /> and(c).
<br /> 3. Appllcation ot Payments. A�paymanis under Paragraph6 1 end 2 shall bo apP��ed bY Lender us tolbws:
<br />- ' F1�8t�t0 the mortyepe in�urance p�emium to be pe�d by Lender t0 the S84retery or to the monthly Cherg9 by the SeCrBUUY
<br /> instead of the monthy mortgage insurence premlum;
<br />�'_••�'�= Second, to any taxes, special e�ee9ements. Ieesehold paymenl8 or ground rents, and tire. flCOd and other hazard
<br />�"`: i insurance premiums,as requ�red;
<br /> • � �,'; Third�to interesl due undor theNote; --
<br />�� V;:�::�;� Fourth,t0&mortization of the p�cipel of the Note: and
<br /> '. '�' Fiflh, t0 late Charges due unde�the Note. p whether
<br />'�j,,.�j•. ;;► 4. Ff1'e, Flood and Other Hazard Insurence. Borrower snau msure an �m rovements on tne Property,
<br />�,..,.��.
<br /> ,? now in existence or subsequenty e�ectetl, agamst any hezards, casualties, and cont�gencies, �cluding fYe, for r+hfCh Len e+
<br /> l,�"`���`►t'�'�" requkes hsurence. Thfs insur&nce sAell be m8�tamed fn the amounts and tor th q perioy S that Lender requires. Bfl ods to the
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<br />'����' also Msure au Improvements on the Property,whelher now in existence or subse uentl erected, agahst loss by
<br />�2.;` ,�.� extant requked by the Secretary. AlI hsuranCe shatl be carried wilh companies eRProved by Lender. The InSUrance po�ble5 a�d
<br /> '�"•��' � any reiwwals shall be hekl by Lender and shell fnciude toss payeble c4�uses in tavor of,and n a fortn acceptable to,Lender.
<br />��'a In the event ot loss. Borcower shell gNe Lender knmediate notke by ma�. Lender may make proof of bss If not made
<br /> iQr�_e��".'..
<br /> -a_�,_., prompty by Borrower. Each insurance company concerned�is'heA'by raqmo oart of he k�sueance proceeds mayt be PPikd by
<br /> �`�� dYecty to Lender, instead of to tiarower an3 io �ar�� ,�-•.•,• � • � Instrument, trst to anY
<br /> �-�;`.:.���:
<br /> - Lender,at its aptbn, either (a)to Ihe reduCUon ot the indebtedne5srunde�ethe�Not�ap Ito�`�b�or Ae restoretton or repaM of
<br /> -v°=s�.`,�� def'nquent amounts aAP��d in the o�der in Paragraph 3, and then tornepa� shaU not extend or pa�tpone the due dete ot the
<br /> -� the damagea Proparty. Any applfcauon of the proceeds ro the p c�s
<br />______�= monthy peyments wh�h are��e�Od ay A�outstandinp I�debted esseundert he Notefand M�pa�u ty I strument sha0 ba pa�d
<br /> '"='— proceeds over an amouat re4 P
<br /> to Ihe entity�epa�b entftled thereto. that extinpuishss the
<br />��_�� In th9 evant oi toreclosure M thls Security Instrumant or other transfer o1 t�tte to the Property
<br /> indebtedness,all right,ticle and Interest ot Bortower In and to tnsurance pol�ctes In torce shau pass to the purchaser.
<br /> w� 5. Occupancy, Preaervation� Mafntenance end Protection of the Property; Borrower's Loan
<br /> —� AppllCati011; Leaaeho�de• Bonower shall occupy, estubtish, and use the Property as Borcowet's princpal residence wRhin
<br /> gbdy days nfter the exeCUtbn o1 th�SeCUrity InstNment (or withh sbAy days of a later sele or Mansier of the Propa�ty)and shaN
<br /> continue t0 occupy the PropeRy es Borrower's principal residence for ut IBast one year flfter t�e dtte of OCCUpmay, un1653
<br /> Lend6r detemiMes that requi��ement will c3use undue harOShip tor Borrbwer, or untess extenuatinp cirCUmstflnCes exist whiCh ar�
<br /> beyond Bortowers control. Borrower shult notily Lender ot any extenuat�g cvcumstances. Borrower sheli not cortxnit waste or
<br /> de�troy, demaga or subs;ant�aily +inge f�heert�°PS vgc^teop abando edeor thedloanioisth defeuRnlender mayt�k�raaonab
<br /> Lender may inspect the Property P Y
<br /> flction to proteCt and p�eserve such vaCant or abandoned Property 8ortowAr shall also be� defauR M Borcowa�,durin9 ths ben
<br /> � epplic�tion process, g¢ve materialy false or fnaccurate Inlormatbn o�statemenis to Lunder (or faiwd to p�ov� ���wkh any
<br /> mater4l htormatbn) In connection wRh the loan ovtdenced by the Noto,hcludiny,but not IimRed to,r�pna�nt�tions conamh9
<br /> Bonowars occupancy ot the ProDeRy as a princpa� residence. If thfs Security Instrument is on a Iws�hold, BoROw�r shtA
<br /> ����-- compy wNh the provisbns of the lease. If Bortower acquires tee Gtle to the Property. the teasehold Rnd tM tNM shaA not ba
<br /> mergad un►ess Lender ayrees to t�e merger In writing.
<br /> � 8. �ondemnation. The p�oceads of any award or Ciaim lor demages. direct or consequential, fn connsctbn wilh any
<br />_ '�'�:��=-� condemnalbn or other taking of any part ol the Propeny, or for eonveyance � p�aee ot condemnatlon, are hereby nssipned �nd
<br />-�=-=-W� shall be pald to Lender to the e�tent ot the tu�i amount ot the indebtedness tnat remams unpaid under the NoU and lhk
<br /> __. ��.�r+� SecurRy Inatrumont. Lender shaU appy such proceeds to the reduction of the �debtetl�ess unde� the Noto�d this Security
<br /> ^"������ InstrumenL tkst to flny deiinquenl arnounts 8pp��ed n the order provlded in Paregreph 3, and Ni� to prepayment of Prbcipel.
<br />�x s.�"�{� p�y flpplication of tite proceeds to the princ�pai Shtlil not e�ctend or postpone tho due date ot tha monthy p�ymait8� wh�h ar6
<br /> ����t-=-°f- reterred to in Para9�aPh 2, or chenge the amount af auch payments. Any excess proceeds over en'a�T���to pay aY
<br /> '� "'��`� outstandlnp indebtedness under the Note aod this S�aur4y Instrument shul1 be pa�d to the entiry lepa y
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<br /> -' � �. Charges to Borrower and Proteation ot Londer's Rights in the Property Borrower shaM pay ar
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<br /> -"���,� ....,.e.�,..,�m� nr munfci�ai ChOryeS,
<br /> ___-.,_�� tines nnd Impos�tions lhat are nOt inCluded in Paragreph 2. Borrowar ShaN pay t ese
<br /> ��._....-- - �.� ..w.e.eal� aHect LBfIdM�S ht6�lSl ifl
<br /> ''��� ObligHtlonS on ikne direCtly to the entdy whiCh iS owed the paym0nt. ii iai�ura io p6� '^�%•�--•---'•
<br /> _;f;�. �� � �;(. the Property,upon Lender's request Borcower shall prompdy fumfsh to Lender r�cepts evidenCng theSO psy�^ts.
<br /> ' ` If Borcower fa�is to make these payments or the payments requ�red by Parngraph 2.or fails to pe+form any olfier Covene�ts
<br /> ' :,.;.-.,�� and flgreements contalned N th�s SewNty Instrument. or tnere is e�egal proceed�g tnot may spnH�Cantly BHeCt�eodePs rphls h
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<br /> ,:-,x;...,,: ��� tho Property (such as a p�oceedng N bankruptcy, �or condemnat�on or to ento�ce �aws or regulat�ons),then Lendor may do Md
<br /> _ . . „ _ pay whetOver is necessary lo potecl thd value ol the Property and Lenders rights in lhe ProFerty. inCludhp payrt►�nt Of t�xfS,
<br /> .l.�:'. � has9rd hsuranco end other dems mentioned in Paragreph 2.
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