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<br /> • Lsndor may, at any tlme, collect�nd hold amounts for Escrow Items h en aygrepate nmount not ta axcwQ tho muclmum
<br /> amount thet may be requked tor Borrower's escrow account under the Real Estate Sell�ement ProCeduros Act o1 1974, 12 U.S.C.
<br /> §2601 �g4q�and knpM►nontinp nrpuktlone, 24 CFR Pprt 3b00,es thoy mey be nmsnded Irom tlme lo tkne ("R�SPA"), except �..
<br /> that the Cushlon or reasrva permitted by RESPA for unantklpated dlsbursomonts or dbbursemenls befor� lh� 8orrowsr's
<br /> paymmt�u�avalybl� h the account may not bs bAS�d on Rmounts duo for tha mortqopo InsunnC� pnmium.
<br /> If th�amounla h�id by l.endlr 1or EeCrow items sxcoed the amounis permitted to ba held by E7ESPA. LMda�hYll�ccount
<br />; to BorrowM for th��xa�ss funda as nqulnd by RESPA.If th��mount�of lunds h�td by Lmder at�ny tim�tr�nol IuMbNnt to
<br /> pny the Eserow itsms wh�n dw.LonGt m�y nolNy th� Borrower and requlra Borrower lo meka up th�ehoR�Oo a� pKmNIM by c
<br /> RESPA.
<br /> The E�araw Funds u� pNdp�d u tdGRbnal t�curity for tll sums sscund by thlt Security ImtNm�nt. II BerrowK tMid�M�
<br /> to LMdM th� full p�ym�nt of op such sum�, Borrow�r's acaount 6hall be Cndited w4h the balanC� tNn�lnfnp �Or�M h�t�Yn�nt
<br /> R�ms (�), (b), and (o) and any mortpap� h6uranCO prYmlum hdtallmint thal Lende►hos not bocom� oblqat�tl to p�y lo th�
<br /> Fi�cnt�ry,�nd L�ndN eh�ll promptly r�fund nny�xCesa lunds to Borrower. Immedtataly priur to e foracbaun tRM ot th�Proprrty
<br /> or R� �oqulsHbn by Lend�r, Borrow�s aCCOUnt shall be creditod wlth eny beanco remak�inp for a�l inslalkrnnts for ft�mt (U� (b),
<br /> �nd(o).
<br /> 3. Applloatlon of Paymetlt�. Alt ptym�nta undar Parngraphs t and 2 shaN be applfed by Undw�s(oHOwt:
<br /> FUit,to th�mortpap� Insuranc�prsmlum to ha paid by Lender to the Secretary or to the montNy Chtrp�by th�S�crafdry
<br /> fnst�t6 ot th�monthiy moAyap�hsur�nc�pamium;
<br /> Second, to any Wns, sp�ckl ass�sama�ts, kasehoid payments or pround renta, and fke, tbod �nd olh�r h�rd
<br /> Insunnc�promlums,ae��quk�d;
<br /> Thl�d�to htersst due undor tho Note; �
<br /> Fourth�to amoRi�atlon ol ihe ptincipel of the Note;ond
<br /> Fifth,to Iate charpes due under the Note.
<br /> 4. FI�C, Flood end Other Hazerd Inaurence. Borrower shall Insure ell improvements on the PropeRy, whather
<br /> now In existenee or subsequenty ereeted, egainst any hazards, casualtfes, and coningencles, Inctudinp fire, for whbh Lender
<br /> requlres InsuranCe.This hsurance shall be mBhtahed in the smounts and for the periods thflt Lender requkes. Bortower SheN
<br /> also hsuro a8 improvements on the Property,whether now In existence or subsequenly erected, ayeinst bss by (bods to the
<br /> extont requked by the Secretary, AY insuranCe Bhall be cflrrted with companies approved by Lender.Tha hsurancs polkbs and
<br /> any renewals shtH be hsld by Lender and shall hclude loss payable clauses In favor of, snd h a form acCeptable to,Lsnd�r.
<br /> In the wont of bsa, Bortowor ahaA qiva Lender knmedtate not�e by mall. Lendet muy rr�akv proof of bss M not rtud�
<br /> �+mmnty by Bortower. Enoh inaurance company concemed b hereby authorized and dkectad to m�lco paymsnt for such bas
<br /> dYeaty to Lender,�nstead o}to Borcower and to Lsnder jotntly. All or any paR ot tno hsuranc� proc�ds rn�Y ue���� �i
<br /> Lender, at ks optbn, eRha► (a)to the reduction oi the indebtedness under the Nole and this Security Instrument, frst to any
<br /> delhquent amounts applled in the order in Paragraph 3, and then to prepaymant of prncipal,or(b)to the restontbn or repak of
<br /> tho damayed Property. My applicatbn of the proceeds to the princlpai sneil not extend or poslpone the dua date of the
<br /> monthy payments whfch are reterred to h Paragraph 2, or chanqe the amount of such payments. Any excess Inautanc�
<br /> prxeeds over an emount required to pay atl outstandhy indebtedness under the Nore and thfs Security Instrumont ahall b� pab
<br /> to the entiry bWIN entkled thxeto.
<br /> In tha avent of toroabaura of this SacurRy Inatrument or othsr transfer of litle to the PropKty that axthpubl»6 th�
<br /> Mdobtednsss,atl ripht,tkie and hterest of Borcower in snd to insurance pol�fas In force sh�ll p�ss to th�purchtsor.
<br /> 6. Oeoupancy, Preaervatton, Malntenenca �nd Protectlon of the Property; Borrowet's Loan
<br /> Appitcetion; Leasehold�.sorrow«snau occupy, establish,and use the Propaty ns Bortowwt prinofptl resklenc�wkhln
<br /> sbRy day8 aRer the oxecution ot thh Seourity Instrument(or wkhtn shAy days ot a I�tx seM or tansNr ot th�Propaty)�nd sh�A
<br /> Conthu� to oCaupy the Prop�rty es Borrowers prinCipal resldence for at ieest one yeer aRer ths data ot occup�ncy,unNu
<br /> ' �ender dstortnhes th�t requMament will Causo undue hardship for Borrower, or unbss extenuaYnp Clrcumstanc�s sxkt whlCh an
<br /> b�yond Bortow�r's aontrol. Bortow�r shnll noti(y Lender ot any extsnuathq ckcumsnnces. Bonoww shaN not commR wat� a
<br /> dastroy, damage or substantN�y chanpu the Property or albw the Property to deterbrete, reasonabw wa�r and t�ar wc�pt�d.
<br /> L�nder may Inspeot the Property M the PropaRy Is vacant or ebandoned or the loan Is In default•Lend�► m1�y t�k� rwsonabN
<br /> tctfon to protoat and pnssne suoh vacant or ebandoned Property. Borrower shall�ko b�fn detauk M Borcowu,durMy lA� b�n
<br /> appNoatbn proc�s6. pave mnterfaly falst or haccurets tntormatbn or statomw�ts to land�r(or(aftsd to provldY UndK wkh �ny
<br /> mttsrkl htormetbn) h conneclbn wkh the ban evtdenced by the Note, includiny,but not IMnRed to,npns�nutfons concamYW
<br /> ' BorrowK's occup�ncy of the Propeny as a principal resldence. It this Socuricy instrumer►t ts on 4 Nasshold, 8orrawhr sMN
<br /> aomply wRh th�provisbns of the base. If Borrower aCqutres tee tRle to the PropKty. lha Ivasehold �nd te�lkM sM1 not b�
<br /> � merped uniess Lender aprees to the merper in wrRiny.
<br /> 6. Condemnetio�. The proceads of any award or otakn for damayes, direct or consequ�ntinl, In conn�ctbn wRh �ny
<br /> condemnntion or other taking o} any paR ot the Praperty, or for conveyance In piace of condamnatbn, aro hereby asslpn�d ond
<br /> shalt be pald to Lender to the extent of the tuli emount of Ihe lndebtednass ttat �emalns un�tkl und�r the NoU �nd thfs
<br /> Seaurky Instrument. Lender shall apply such proceeds to the reduCtion of the indebtedness under th� Not��nd this Security
<br /> — InBtrument, frst to eny delinquent amounts applfed h the order provlded h Peraynph 3,Qnd than to pnpaymM►t O}prholpll.
<br />— Any epplicatbn of the proceeds to the prMClpal shall not extend or poslpone the due dele of th�mo�thy ptYmenta,w��Ch ue
<br /> nterrod to In Parapnph 2, or chonye the amount of auoh payments. Any excess pracwds owr m amount nqulrad to pay�p
<br /> outstandhp hdobtedness under the Note and thls Seaurily Instrument shnll bv pald ro th�sntNy bpoly MtRNd thonto.
<br /> ts� 7. Char�es to Borrower e�nd Proteetton of Lender's Rights in the Property. Bortow�► shN pay lN
<br /> _�_� .���.. r...�. ...w Lw�n�Blnne tha! ar� nnt halud�d h PuaonDh 2. BOtrOwYr ih�M pIy ��N1�
<br />— yovRnmw�iii iri �.—.i;��w.r�. ...�.y..� ....� �•_ -•�--°-"- • -- - -
<br /> �� oblip�tbns on tYne direcf�y to tha antlty whbh IS owod thp paymant. If lanure to p�y would advsraey aff�ct L�ndws InlK�tt h
<br /> .� tho Property,upon Lender's request BoROwer shell promptly fumish to Lender reeepts evbencinp these ptymtnts.
<br /> � If Borrower Ialls to make these payments or the payments requlrod by Psreqraph 2,or }ails to perform my othe►aov�mis
<br /> �� and Ryreementa contatned In Ihis Security Instrument,or there Is a legal proceeding that may sbnHcantry aHect L�nd�r'�riphb h
<br /> � the Property(such es a proceeding In bankruptcy,tor condemnation or to�ntorce Wws or repulatfons),lhen L�nd�r rrNy do Md
<br /> �;r pay�whatever Is necessary to prolect the value of the Property flnd Lender's rphts In the Property, hcludhp payment of hx�s,
<br /> h�ard hsurence and other Rems mentfoned In Parepraph 2.
<br /> r•aeia�Ma(aiu�) rao•2 oi s
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