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<br /> . : .'`;Jv-; -. ,`� If tize amounts held by ixn8er for Esccocv Items exc�d tLs amotmts ge�ftted ta Ise t�eid try 1�ESPA,� � �-.-�::
<br /> ' �` . . shall acco�t w Boimwer for the excess fimda as requir+ed i+Y FtFSPA. If tbe amo�ts of fimds hetd by Lensler at aay
<br /> ... . time are aot snfScI�t ta pay tbe Fscraw Items when dur,I�nder maY uotif3►the Barracver�d reqnice Barmwer to .
<br /> ��.°�:�:.ai. ��'..` . . make c�p the stiortage as pemaiued 1r�►RFSPA- ,�
<br /> " :. . . • 7he Fscc�v Bunds aze glalged as additfonai se�itY for aU sams se�v�ed by this SeeurIty �ostra�aent. If .:�"�'
<br /> ,�,.{� _:�, :�.�'�` . Bormw�tenders w Leader the fall paymeat of all sucd�su�,Borrowds ascemu shall 6e cieditad c�ith the balanoe
<br /> .'� , �ing for ati insta�i�ms(a).(b),and(c)�aay nmrtgage*n�*a;,�premium ins4n�++t ti�at LP.nder L� ,
<br />. � aot became ubtigated to pay to ths S�reiary. mmd I�der sbal!p�tIy refima a�►excess funds to Borrower. � h
<br /> '• ' '' Bortower's acxaunt shalt be -
<br /> -. r`:_ �r , - immedi�tety prior to a fo�tosare sale of the Praperty az its acquisitian by Les�stsr, �':
<br /> , 'f'` CIC�t¢d W1i13 2IIjl b312�ICII121NII$foI 211 in alimentc fOF IL4'IDS(8).(�),2�(�}. :f
<br /> " 3.AppIlc�Sion of�yaie�.AU paymcnts�vader pa�agRaphs 1 a�d 2 shaII be�p�3 by Ireuder as foIlows: ` �':
<br /> : � �,w the mortgage+n�,•an�pn�uium to be pai¢b7►I�ndes�a�S�y or m the ma�ht7/chaige isY the < � ,
<br /> ,� . - - Secreta�y iast�of the�ont�ty mustg�ge insuranc�e premi�; ..��.,;:
<br /> .. s �„d,to aay taxes,sgecial assessments.leasetwid paymeats or gramid re�ts,a�fir�.ttood aad at6er�d =
<br /> � - : .�{r,:-�,`, insar�ce preminms.as reqc�aed; . _
<br /> , `�. �'hita-to int�em,st dae under the Nate;
<br />: Fourth•to amorti�ation of the principal of the Note;and . . .:_
<br /> , . �,W late�arges dae nnder the Nate. ��:`_
<br /> . . . 4.F3r�,Ftaod sn��er He�d IasUraac�Borrower sbatl in.s�e all improv�tments on the Pmperry,wh�her �"'�
<br /> ::,.,r;:,t:.r;_.� � trow ia existenc.e or saliseqaeatly erect�,aga�nsc m►Y haaard.s.casnalt�es.and oanturge4c"ses.including fite,for wLtch �,._
<br /> ' LEader �2quioes�fnsuiance. This Insnrance sbalI be mai�ained in tIIe araatmts aa� for the periads thai I.ender ��-
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<br /> , requires. Bma�rer sball also iasur�all impmvemenis on ttie pcopetty,whether now In existence ar su�sequeatly -
<br />- . . e,re�ted,agaaa��oss by ftoods w tIIe eXtent.required tsY the S�-A11�aardnce sha11 b�cxnigd with companEes _
<br />- aPPn�ved by ieuder.The i�surdmce polIctes aad aay renewats shBII 1re held by Leadet auil sbail inctude ioss payable 6:
<br />- .' . clauses in favor of,and ia a form acceptab2e to.Lend$r. �:�.'
<br />-. � . Iu the eveat of lass,Sormvrer sd�all give Lender immediate notfce by mail.L�ender may make proof of loss if not '"' '°
<br /> � ' � made pmm�tiy by Botmwer.Each insnrdnce company concemed�s het�by authori�d�d direct�w mage payment. . �'�.
<br /> � .�: ` � for suc1�loss directiy to I.ender. Instead of•to Bomnwer and to Lender juintiy. All ar�►y�gart af the i�uaace �.. `_
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<br /> � � . pmceeda maS►be applied by I�aQer,at its opttoa,eittter(a)m the redacx�on vf tlte indebt�sesg undes the Note�aad �`�
<br /> . :`� this Serauity Insvameat,fast w any delinquent amouats appHed in the arder in paragrapL 3,atW t�en w piepayment �
<br /> � ' � . � of prIaclpal,or(b?.to the r�storat�on or repair of the damagad Property. Asry application of the pmceeds to dae
<br /> . . . ` , �' pri�tctpal shaU not eatend or pastpoae the due date of the mandily paymenta whicde are iefe�ed to in paragraph 2.or . ��.;y_
<br />', ,:;�� � change the amount of snch paymeats.A�t excess insuramse ptocceds.over aa amount pequirPd to pay a11 ontstaadiqq �_ •
<br /> ' dndebtedness u�der the Note aad this Sec��y Insbument shall be paid to the endry Iegalty estided thereto: ,
<br /> �� � ''r Ia the event of forer2osure of this Securtcy inspniment or other uansfer of titie to the Pmperty that exting�ishes .
<br /> the indebtedness. aU �igat, tIBe and interest of Borre�er in and w insuranse policies ia force abatl pasa to the � . -
<br /> . purtha4er. � ,
<br /> ; � ' � 5.Oaugaac9.A+GServation,Matnteaauce anrl Pratectiom oY the Ptopeity,Sorrow�r's I,�an Agplic�attuni
<br /> .�;,'�., �• � � Lmse7aotds. Borr�wer shall occupy,establish,�d use the Property as Bomnaer's princIpal resIdence wittaia sixry _
<br /> �•�� � . . days after the eaecution of this Securiry tnsdnrment(ar within.sixty days of a lazer sate oz traasfer of ehe Property) � �
<br /> - _ '� aad sha11 canturue to occapy t�e R+operty as Borrow-�'s prina}pal resideace fur at teast one year after the date of
<br /> .. �� ' � occuPancy,uniess Lender determines that requirement adll cause�undiae haMship for Bommwer,or uWess extennating .
<br /> - . � cir�umstaaces exist which ar� beyond tdorrower's contml. Borrawer shall notify I.eaQer 'of an}r extem�ating
<br /> � . . . carcumstaacQS.Borrower aLall nos commit waste or desuoy.damage or substandally change thb Fmperty or altow the .
<br /> ,' � . _ Properry to detertorate.reasonable wear aad tear excep�ed.Lender may inspect the Propeny►if tae Property is vacant ' ..
<br /> � � � cr abaudoaed or the loan is in default. l.ender may take reasonab2e aaion to protea tind preserve such vacant or �
<br />. ' � �F3tta6l�eaoa�.o, aaco s oi e nuu� :
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