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<br /> _s.—.-..—- � a�O O.�wwwv r..�P�o�A rhe ama�nts�miued w be held by RES�A, I�ader _ .
<br /> . It me��ia oy;scs�:�..o.�..••_
<br /> -�R shall a000imt ta Bormv�er for the eac�ss fimds as�by R�SPA. tf the amaunta of fh�s hetii try Lender at eay
<br /> __.. �--� time are nat saffict�co payr asc Fs�i usms whea ane,I�nder ma�►no�fy the Borro�ter and r�u�e Bormwer co � 4.
<br /> ., t, � ��.� �� ma�se up the shortage ag peemitted by RSSPA. �__,:
<br /> ' " • 'ihe Fscraw Fuada a�pledgeQ as a�onal secarity, for aU sums secared bY tL9s Secorit�' I�sa��. If
<br /> . � <;�tc� Bo�m�rcr te�ets w l.ender t��11 PaY�of aU such sums.Boimwe�'s aa�oount sha116e credit�arish the balanse
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<br /> . . - aad c and �oe premiam iastaUm�t that Leuder 1�as� , `��--�.
<br /> ti�°. �� Y.. �� cemazaiag for aU�+statt�,�►c�ems(a).�(b3, () �Y� . -
<br /> � nat bearms ol�li�aed tio pay to the Sea�y►, �d I�eader shall pmmptly�efmn�aay excesg fands ta Borroaer.
<br />_ � by i.ender, Bouower's asxa�t sBall be ���'�
<br /> ' �r., ' . . �Ima�ediatety prto��m a fo�a�e sa�e of ths Pmpetty or its aoqaisition
<br /> � credited witb auy balanoe re�aining for alt tustrllm�ts for Items ta}.t'b).�d(G�. •
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<br /> . . . 3.Apglic�a�n oYP�ymea4s.All paymenta nader patagtapHs 1 and 2 shall be apptied by L,eader as falloars: __
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<br /> , ;:.��.'::::.:�.; ' .�,w the�artgage�P�to fse pazd by Lender w 8ie Se�tary.or w the monrhiy c�arge try the --.y._
<br /> Secte�y'ins�of the moaRhty mmtiga8e�a�auoe P�� -
<br /> � ''�. Secsanrf.to any mx�s,.special as�essments.leaseho�p�yyments or gro�d�eats.and 5re.fIoud aad othet t�d .
<br /> :;, . y�4 ` 7tdrd.�� dne uudct the Note; . - - _
<br />- - - `�_:;. �h.co amort�taa�of the�nc�paT of the Note;aaA • � . • .
<br /> � •�. . ' �i,to I�e cBatges due uuder ti�e Notg. � . - °
<br /> �•``,`�.'�.., ,. 4.�re.F3an�eatl��a�d 3ns�u�ee.Borrower e2�11 insare all imPmveme�ts an die PropertY+whethet _-
<br /> � � now in e.xiateuse ar sahsequcntiY erected.a�fiust anyr ha�rds+casualties.an�oontingenctes.inctading fue.for wl�cdi . '4 r'�;
<br /> . . Le�det requue.q iasacance. �is�shall be mai�ined in the ama�mts and far the.perIods that Lender ..:
<br /> - ` �, "'"' , tequire9. Busrawer sbalt also i�are a21 iiugsuveme�s oa the]�mperty.wbether na9v in eatste�e or snbse�uentiy 'r'_-'
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<br /> . ec�,a�tinst loss by Aoods w the extent:equired bY the S�azY.All iasar�ce shaU 6e carrIed witb companie:s v
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<br />. , � , appraved Dy Lra�der.'I�e has�rance Po�icies an�anyr t�ewats shaII be held by�Lender aiW shatt inclade lass payable ' � �_.,-�
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<br /> °� , ` clauses iu favac of.and ta s fo:m acceptab2e w.I�ender. ►�
<br /> ' ' f of toss if not ' : � �
<br /> . . . �° In the eveat of 2ass.Bosmwer st�all give LEnder immediate aot�ce by.mail.I.�ader may make pmo • . �:r_-=
<br /> �`�"�. made gmmPUY bl►Banvwer.Each iASnraace rompany concemed is herehy authorized and di�+ecte�to make payment i---•-
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<br /> - ' for such loss di�ctly to Leader. instead of w Bormwer and ta Lender}oiIItty. All or aay part of the insur�nce ,�
<br />-. . . �',•. :� pmceeds may 6e applied by Lender.at its option,either(a)tv the r�ducdon of ehe indabtedueas under the Nate aud . ��'.�.
<br /> ' tHis Sec�rity in �rne�f�st W any deliuquent amouIIts:appl�ed ia the o:der in para1;raph 3,Ead iheII to PrePapment � -.
<br /> af g�Iflcipal, or(b)w the restoratlan os r�air of the damaged Prapeay. Any applic�on oP the pmc�ds.w t�e
<br /> • . � . . ' P�FaI sball not exten�or po4tpone the due date of tlie monthiY Payments which are referrpd to in paragcaph 2,or `' �
<br /> . . ' c2�ange tfle amouni of such payments.A�►exoess insuraace prareeds over an amoimt requiied w pay�11 outstaa�ing ��;`-�
<br /> ' , � indebte�ess under the 1�Tote aad this Sewrity Ins�'aument sball bs paid w the enttty 2egalty entitled thes+eto.
<br /> . :' � In the eveat of'foser.�osure of tbie Sr�curlty�nsuumsnt or�ot3r.�r aansfex of atie to the�roperty that eminguis�es �;-;�°
<br /> . the iadebtedness. all rt�ht, titte aud interest�of Boriawer ia and t4 insurance policies ia force sba11 pass to tIte . � -�
<br /> -,':� p�c�aser. . . � �
<br /> I' � 5.�.Y'reserva�on.Mainteaaace aa�l Fi+atc+�tYop oi t�e Properiy:Borrawer's Loaa Appltcatlon; �' `-
<br />- . . ,'� �': �,easeis�ids Borrower shall occapy,establlsh.and use the PropertY�as Borrower's prlaclpal.sesidenoe wItitia simy � �-�
<br /> �,� � • ;. ;3 days att�i dr�executioa di this Seauiry Ins�ent(or arithia sixty days of a later sate or ttansfer of tha Pc+opei'tY) . � �
<br />- ,� , and shall cuniinue to aQ.�.yy the Property as Boirower's priaclpal msidenae.f�,f ai teast oae year after the date of � _=
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<br /> � � � ac,c�panc.y.nnless Ie�slt��etermines that requireme�witl cause aaduo harclsh:-p for Borcower.or ualess extenuati�g . �".._.�.
<br /> ;' � . circumstances exist w1� are beyond Barmwer's conm�l. Bormwer s�au notify Ixndet of a�r e�ctenuating :.
<br /> cltrua�stanc�s.Somower sLall not com�it waste or desttoy.dam�s°ae ar substaatiz�Iy c�n$e t�ee Property or allow the
<br /> � � .1 ���°' Ptvptrty w detertorate.reasaaab2e wear�d teaz e�ccepted.I�may inspect she Pcvperty if the Pmperty f�s vacant .__
<br />-�_ ;,, . � • or abandoned or the toan is in default. LRnder may take reasanable acdon to.pmtect and preseive suc�vacanC or
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