|
. � ' .
<br /> �. . ' ' " •
<br /> . �,.�: ,����,.: . . � � .
<br /> . •. - � . � . - j _,; i:...�
<br /> ' . �:L"`� ..'� ..
<br /> .....n�•:�Mti�.!i.4"^r�• . ,. . . - '' . .. +..
<br /> . � � . .. ... ' _
<br /> ' � 97-� /D�/a�' �
<br /> � � If the amounts hcld by Lcndu fot Escrow Items cacecd thc amounts permiwed to bc held by RESPA,Lcndcr s�all
<br /> � ,,�;,,e•r± account to Borrowex for the excess funds as mquiral by RESPA. If tho amounts of funds held by I.ender at anY time =-
<br /> ,.,�..f.+� are nat sufficier►t w pay thc Escrow Items whcn due,Lcnder may notify the Borcowcr and require Borrower to make up
<br /> � the shortage as prm►Itted by RBSPA. �'
<br /> � 'Ric Escrow Funds ere pledged as additional sec�uicY for ap sums secured by this Saurity Instrumen� If Borrower ;i��
<br /> tenders w Lendu the fuU paYment of ail such sums,Bomowu's eccount shall b�c;edited with the balance rema�ning for �____
<br /> all installmsnt itans (a), N).and (c)snd anY mortHeBe ins�uance pcemiuin installmer►t that Leader h�s not becorn� '�
<br /> obUgaied to pay w the SecretazY,and Lender shall prompdy refund s�ny eaccess tunds to Borrower. Immediately pdor to ---
<br /> ,. a faeclosure sale of the Property or its acquisition by Lender,Borrower's actount shaU 6e credited wtth a�►Y balarke __
<br /> . ' rcmaining for all installmenls fa itsms(a).(b),and(c)• �;:
<br /> � 3.Applkatbn of Payments.AU payments undu paragrephs 1 and 2 shali be applicd by L.endu as follows: _
<br /> .� �. gj�,to tho mortgage insurance pre�nium to be paid by Lender to the SxrelacY a to the monthly ct�arge by ihe =-
<br /> Secretery insu�ad of the moathly mortgege Insurance premium;
<br /> et�ts or wd rents.and fue.flaod and other her�rd �---
<br /> � � S�,w any tawes.s�ecjal a�sessments, kasehold PaYm Sro �-.---
<br /> Lisucance prendums.ag reqnircd;
<br />_ .,� ��to iaterest due under the Note; ■_�_
<br /> gQy�,to a�nortlzatioa of the principal of the Note:and
<br /> • Fifth.to late charg�s due undu the Note. _
<br /> 4.gire,F1ood and pWer Har�rd Iasurana.Borrower shaU insure aU improvements on the Property.ahether —
<br /> now in existence or subsoquu►tiy erecced,against any hazards,casualdes,aad continge�cies.iacluding fire.for which
<br /> L,ender roquires Insurance.'It�is insurance st�aU be maintafned in the amounts aad for the periods that Lenda requires.
<br /> Borrowu shall also insure aU improvema►ts on the PcopatY.whed►er now in wcistence a subsequendy erxted,aB�inst
<br /> loss by fbods w du exta�t required by t�e Soaetary.All insnrence st�all be cartiad with oompanies spproved by Lender.
<br /> ,------_-- ��o�����y,r.,�e:yvalc chaU be held by L,ender and shall include loss payable clauscs in favor of.and
<br /> � in a form acceptable w,L,erider. f of bss'sf not
<br /> In the tveatt of loss,Borrower shall givo L�du immediate twtice by mail_LenAa may make Proo
<br /> , '':`r. �P�PaY bY Boimwa.F.ach insura��ce company concerni�d is hereby authoriz�d and directed to make payrn�nt for _.
<br />;� • such bss direcUy to I.endu,instcad of to Bortowu apd w Lendei joinUy.All a any part of the insur�u►ce proceeds may
<br />..;.� be applkd by Lex�der,at its option,eithei (e) tn the reducdon of the indebtedness under the Note and this Security
<br />" ' Iastnunart,first to any deW�qua�t artiounis appliod in the order in paragraph 3,and then to prepaytnent of pdncipal,or
<br />�::�•_. -� M lication of the w the principal stwll not e�ctcnd
<br />�,,,1„, ,•;: (D)to tha nestoraBon or repair of the damap�od ProprrtY• Y aPP ���or change Ihe amount of such
<br />�;,,.:� 1 or postpaie the due dete of the monthlY P�Y►xnts which ere refeirod to in puagtep
<br />-' ,... .,,�;.'• peyments,Aay eaccess insurwice proceeds ova an an►ount required w pay all outstgnding indebudnoss ander the Note
<br />:'�:;,,;'�'� .::. and this Secority Insuument shail be paid to the endty kgally entit3ed theretn.
<br /> yti-tt�O€,;:�. In tbe evem of fococbsiue of thLg Sccurity lnstruma�t a ahu ugnsfer of dtle ta the Proputy that extinguist�es the
<br />=`�=y:x*� mdebtednest.all right,tiBe aad inta�est of Soirower in and to insurance policks in force shatl pass to the piucbasa.
<br /> -`�";;"�.. . . S.Occupanc9.Preservatiou,Maintenvrce and Protection ot t6e Property; 8oerowsr's Loan Applla�tbn;
<br />�:_.�`'�;:�' �'T La�holde. Barowa shall occupy,estabiish,and use ihe Property as Horrowcs's pr�mcipal resida�ce wilt�in sixty clays
<br /> i `' �' aRer the exocutim of this Security Instnunent(or wlthin sixty days of st laia sak or uansfer af the Prope:ty)and shall
<br />,�;;: :•
<br /> "";�i�`- �� continne w occopy tbe Pcoperty as Bomowa's principal residence far at kast one year�frer the date of oocapancy.
<br />�= � :;"^:�' unlass Lenda detumines t6st roquiranent arili cause undoe hardsl�iP for Soimwer�or unkss eaunuating circumst�nces
<br /> �.„_,:... .
<br /> �: , � exist whieh are beyond Borrowcr's contmL Bomowu shaU natify L,ender of any eactenuating eircumstanees.Bc►rmwa _
<br /> _ `'_��' shell not oommit waste or destroy.damage or snbstantially change tNe Property or allow thc Propaty w detaioratc.
<br /> �76-:�_"x
<br />_.,;f«� � ..... ret�wnabk wear and tear weoepted.Lender may inspect the Propeny if ttie P.roperty is vecant a sbancloned a the loan is
<br /> - ''�''"" in default Lender may take reasonable action to protect and pnsecve such vacant or abandoned Propaty.
<br /> . ., .
<br /> - . ..
<br /> : �
<br /> � .� �4R(NE)f96oq.oi vap�s ot s inmaia: ��_-
<br /> .. r`::`�•—
<br /> :u.
<br /> .. ,�-r.
<br /> . -S�- `
<br /> \•._
<br /> „i
<br /> � _ -�._
<br /> --_---- - —• .... . ... -------�-.+�
<br /> - .._�_ ._ _..,.-__�.-�s�,�w..--..-..._...
<br /> 1 �
<br /> � . .. .. ... _'
<br />
|