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<br /> 98-- iio�se
<br /> If the unouna held by l.ender for F.scrow Itema exceod the unounu permitted t�be held by RESPA, I.ender
<br /> sh�ll axAUnt to Borrower for the exca�fundi at rcqui�ed by RESPA. If the u�wunt�of fundi held by I.ender�t�ny
<br /> time are not sufficieat to p�y:he Escrow ltemu when due, Leader may notify the Borrawer and cequire Borrower to
<br /> aWce up the shoruye�permttted by�tESPA.
<br /> The Escrow Funda are plodgod �a �dditiorul security for all sums securuf by thi� 5ecurity Instrument. !f
<br /> Hormwer caiden to L,ender tbe full p�yment of�II�uch suau,Borrower'��ocount�hall be cradited with the b�lac�ce _
<br /> remrinin�for�ll iruWlment iteuot(a),(b),�ad(c)and�ny mort�a�e insuruice premium iast�llmrnc that I.a►der hu
<br /> nat becour. obli�ated w p�y to the Secretary, md Lrnder �b�ll promptly rcfund any exceu Ponds to Borrower.
<br /> Immediuely prior to a forocloiut�e ule of�he Property or iu acquisitloa by i.ender, 8orrawer'e account tfull be
<br /> credited wath�ay b�lu�a remaining for all in:tallme�►a tor itenu(a),(b),aud(c).
<br /> 3.App1le�Hon o[P�rmmb.rtll payments under puagr�phs 1 u�d 2 ahall be�pplied by I.ender u follows:
<br /> �,to the mort��e insurmce premium to be p�id by Lender to the Secretary or to the moathly charQe b�r the
<br /> Secretary inste�d of We monWly mortg�e uuuruice prcmium;
<br /> �q�, to wy wca,:peci�l u.seuroer►ts. leasehold paym�nts or ground rcnte,and flre,flood and other ha�ard
<br /> lnauru►ct premiutna,�required;
<br /> ;�jtQ,to interat due under thc Note;
<br /> ,�Qy�,to ar�octiation of the principtl of the Note;�nd
<br /> F„j$h,to l�te char�ea due ander the Note.
<br /> :' � 4.Elre,l�7ood aad OtMer�Ia�ard Imvaaa.borrower�11 insun all impmvemenu on the Property,whaher
<br /> �1ow in exLteaoe or sub�equeatly erected.a�dnst�ny haz�rds�caswlda�ud mntinjeacia,includln�flco. for�vhich
<br /> i.ander requires 9naunnoe. 'ILis insurancc shall be maintt�ined in the emouats �nd for tt�e pe�iods tt►�t I.ender
<br /> rcqii9re�. Hocmwer rh�Jl tla ln�ure �ll improvements on:ihe Propaty� whether nmy ia exiueaoe or wb�e9�Y
<br /> erected, againn 1�by floods to the extent requirod by the Saretary. All insur�noe ah�ll be c�rrled with oompania
<br /> approved by L,aider.'Ibe insurance policia u�d wy renewuls�hAll be held by L�der�od�Il inclode losi pry�ble
<br /> claua in favor uf,ud in a form�ooeptsble to. I.eoder.
<br /> In the event of lou,Bor.rower shill give L�eader immediNe notice by mall.L,eoder m�y m�lce proof of las if not
<br /> m�de pmmptlY bY Bormwer. Each insuru�oe oompany concxroed i�hereby wthorized md ditxted w m�ice paymeat
<br /> for auch lass.di:ec�ly to I.eader, instead of w Borrower and to La�der jointly. All or�ny pait of the in�ur�nae
<br /> omoae�4 may be agQlied by Leader. �t ita oMion,titha(x) to the toduetion of the it�debcedm+s under the Note�od
<br /> . thl�Secudry Lottntmeat, Mt to my dellnqueat�mamts�pplled ia tbe otder ln p�njr�ph 3. �od thea to Psepayn�t
<br /> ot•priocipd. or (b) w tbe �+atoc�tioo or repair of the da�o�ed Pmperty My �pplication of the p�+oceedt ta tde
<br /> piix!cipal�ll na extead or pc»tpone the due date of tUe maad�lY WYaKau w6ich ue refereed to fa p�rapaph 2.or
<br /> • � . •_..' ^.�.'�..s_;.�,..^,`,.;+mc�dt Aver�a�m�wu[�oquirod to pry�lI o�utaoding .
<br /> cnanse�i�e rnrH,�u�.�,�iw`:..:....., .� _
<br /> indebtedaea under the Note and this Securiry Imuumcai rhall be pald to tbe catiry leplfy endtbd dre�to.
<br /> In the avcnt of forecb:ute of thit Securiry Iaatniment or otba trantfa of t�tle w the Pcopexty that wula�ui.�a
<br /> the.indebtainae, all d�ht. t[tle�nd intercat of Borrowa in and w iasu:aocr polkiea in tora�Il pap to tbe
<br /> pwlch�ua.
<br /> � �•�S. Oocap�eey� lt�e�a�atios, Mstatemace wM �ru�eclloe of ihe A�opert�; 1lore�u�et's Lo�a�Ap�pY�tlor, .
<br /> Lea�eruldr. Borm�vu shall occupy.a�t�bli�, wd uae the Propecty as 8orrnqKr'�pcincipal rcsidaioe writLln sixry
<br /> diy�aiter t6e exocution of this Sec.vrity Inetrumaic <or within tuty drys of�l�ta ule a moafer of the P[operty)
<br /> md tlWl oondnue to oocnpy t6e Prnpaty`it Bomuvver'�,)t►ixiP+l rosideaoe for at lea�t oae yar alta tbe due oi
<br /> occupmcy,udan L,eader determines that requirement will ca�ue nodue haed�ip for Horrorver�oc uNeaa e�ctwwtin�
<br /> cle�cumrtaocYS exiu abich are beyeod Bort+rnea's oomrnl. Bonmvet diW notity I.mndtt ot �ny exo�
<br /> ci�wm�taooea.Borm�vet t6�11 not oommit M�te or deatroy, d�mate or wbwotWly cbmae tbe Prope�ty or�Uo�v tbe
<br /> Propaty to deteriot�te.reawnabk weu apd tear ezcepted. L,mder mry ia�pecx the Propaty it tbe Propaty it vac�ot
<br /> or abmdoued or the lan it in defwlt. Ia:nder may ake rwoaabk actioa to protect aad ptaave +a�cb v�caot a
<br /> �(NE)IM011 ►p�7 d 1
<br /> �r.�.
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