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<br /> � � amouni not to exceed th�m�fmum ":, � ; � � .,
<br />:", . � Letder rt�7f•at e�Y tLr►e.coaect and hold amou�s�r Eserow ltems fn an aggreS�te :�'`�," `.< � ""'�'�-
<br /> -- � ffinaurrt that maY he reqult��for Borrow e r's esaow eeeount under the Real Esffite �ed m�ma to time('RES P A j,u e x c e P t ,- . :;,��"����_.. .
<br /> _ §?801 e�s�e�►��At��g��ons.24 CPA Part S50Q.es theY maSi �.=- _
<br /> � "` RESPA tar una�lct�ed disbursemmds or disbursameets beiore the 8anower's�• •� .� �,
<br /> , that the wshion or cesenre Pa�d t►Y e Insurar►ce piemium. , .. �4.'`�._.'}�
<br /> .• not be 6ased on amauMs due tor the maRgag � �r. ` . ""
<br /> .. - �yme�s sre aya�lahie in the account tnaY d to be held by RESPA.Len�"er shall aecount 8 � . � ���:
<br /> ,�c . ' `� ,,,, � r � .
<br /> ' H the amou�s h e l d by l e n d e r fin Escrow Items exceed the amwr�ta P�� �der at eny t t m s a re n o t sufftdent to . 2� "
<br /> ' ` ' , � to 8ortavuer for 1he excess tunds as+�e��d:+Y�PA It the smourRa ot funds he�d by .
<br /> � Batrowec io make up the shortage as pertNSed� ' 4 •'s.�.•
<br /> •, ` ; P a Y the Esaw+ttems when due.Lender maY AaUtY the Sortower and req�►re �: �� y,:
<br />` .-�"''`� �The E�aow Funds are P►edSed es add8lonal aecuritY tor all sums seexu�d baY��balanee rertraintrt`9 tor atl tnstallm �,�,,,,o � _
<br /> - _�-,�-'�
<br /> �- to lender the tu0 p3ymert of ari such swns.8a�:a�s accourR ahaQ be ue � � Y
<br /> <.��C• `." tiQms (a?• (6). and (a) and arry mortgage lnsurance premtum insta4ment thed Lendv has nat become obGgated to PaY to th �s� ,}
<br /> r e R m d t N Y�s Nnds to Bormwer.lmme�atery pdor to a torerdosure s�e oi the Rcop� ,��, yc L,�;_
<br /> • � • SecreTary.and Lender aha7 promPthl � �.,��"`- �` �~'
<br /> �f Y` ar fb acq�is@lon by Lender.Bortawer's aacouM sAag ba cred�ed with erry Catance�ems��g tor afi tnsstaRmer►ta for ftems(e?.l�), ` �.
<br /> _ � . � - - •-_-,-_ , •
<br /> �.. �d��� � Ited by Lender es toUows: m .- -__
<br /> , ef1t8.�P�erns under ParacyaPhs t and 2 shalf he app r •�•� =s^~ M�
<br /> : t. :� • 3.A�1pltC8tlon of PBym b tha�eaetary - -
<br /> e tnsruactce p�m t°be paid by lender to the Seaetmy or to the moMhly chage Y
<br /> ' •` FdfSt,to the awrtg�ag
<br /> `'; l ' . . `�� instead a!the monthN moKqafle Insurance premium: �°_- _-_-
<br /> ,. _ SeaOnd. to any texes, sPedal assessmerAs. Ieasehoid P�� °f 9►aund rents. end fire. fload and other hazard ''_--'��'_-t—
<br /> � . .''•; (t15tu8DC8 p[�Nums.e:ti�� ��� .. -.y_�--.-
<br /> ����'�` ' Third,to fntetest due unQer the Note; N
<br /> ;': �: � � FOU1th.,to amortimtlon cf the prtndPal oi the Nate;and — _
<br /> �. �{�,�iate charges due under the Note.
<br /> H.:t:`� 4. �[re, Ftaod and Ottter HaPdfd ���h���suatttes. d cor►sn9eneles. tn��ung flr�e,tarPev�mtch t�der �'
<br /> �� now in �dsta��or subsequentlY erected.egain Y a••��. - - ----
<br /> �_ -- -
<br />-. ', cequhes insurar•r�.Thla insurance shail be maTntabted(n the emourts and for the periods that Lender�sa�by 8oads to the _.. __
<br /> oa tha Property►�whether now�n mdsKence or su6sequaRhf e�ected.a3�
<br />• � a t s o i n s u r e a U t c:�rovem� i� ro v e d b y L e ader.The fisurance poUdes end . - ---
<br /> -_;,.,.��.� _. .", • aQent requirec3�It the SecretaN.AU Insu�ance shaD be�rled wffh eort�pan e D P le to.Lender. — _
<br /> ,:�°.:.,:;.:. le c�.ausea In tavar af.and tn a torm a�p�
<br /> .._� � eny renewats s':�be hdd by t:�der end sfiaD inefude toss pa!►ab
<br /> � � In the eret't of loss. Barrower sha0 gNe Lender tmmediate nott� rfzed and�rected�mal�e�Paym��1�h�i�oss .
<br /> � ':,. ..;, eoncemed ts hereby , —
<br />. • , , . . . promptry by Bortower.Eacfi ins�rertce comPaz►Y �of the insucar►ce pmceeds�naY b8 BPPQed.bY —___ °
<br /> � . . ., d(�ctty to.L�der, ipstead ot to Borrawer and to lenQer jc�nt�a A�o��Y p
<br /> • �4.`' • . ' Lender, al•fts opUon. either (a)to the reducllon of the.ti►�'.�tness under t�h�e Nap d��o�`ro to tfie restoratTon o�r�epair of
<br />_ , ,,:. :' d�(nquent amounts eAPlied in the arder in PeragaPh 3,end ther►to prepaYm
<br /> 1leatian ot tha proceeds to the ptincipat shall not extend or posQ�xe the ciue date of tha �.�;_.�.�
<br /> . � .. - . the damaHed ProPerty. My aAP excess tnsurance �_�_.{�.
<br /> g h 2. or changa the amouni of such paymer�. A�►Y -- _
<br /> � monthly payments which are reterted to in Paragrap (nstrument shall be paid ��.,_-----_
<br /> , ; P���g ever an amount requtred to pay a8 outstanding indebiednesa under the Note and thts Sea�r�Y� . }�
<br /> . 1 " to the entity tegaIly ett6'tted thereto. • t s � -
<br /> • In the esern ot toreclosure of this Security (nstrument or other Ua�ster o1 �tle to the Prop¢Ay that e�Nn9uisfies ttre � -
<br /> �d��ness,aU rtght,tiUe and Intetest of Borrower in and to insurazice D��in tarce shail pass to tha purchaser• .,.., �� s
<br /> �� ` Maintonance and Protaation o� the Propea�ty; Borrawe�'s L+oan . �� - �•.�.
<br /> � 5. Occupancy. Preservation, . � � +�?�-°'
<br /> � � � �. �1pp�tea4ton: Leaseho4d8. Borrower sheD occupy���ish.and usa the Properiy as Bomower's pdncipal restdenca wRhin . .� -�.
<br /> oT a later sale or transfer af the Property)and sha0 ,..
<br /> � • , s�y�after the execuUon of thfs SecuAtfl Instrumetrt(or wfthin stxty Qays unless � �a.':�-•-'�:�°-=°-_
<br /> � � . cor�nue to vr,�uPY the PropeRY as Borrowers pdncipal restdence tor at least one ye�r after the date of eccuPan�fl• �.�,,h,;�::•: `—=._.
<br /> �-,-�.
<br /> . . Lender deter.�r.es that requtrement wID cause undue fiardship tor.Borraw'�r,or untess�en�9+�h�o�����or •." ��.�
<br /> , . . ::.• mRenuaGmg dreumstan _ � ���- ,_ - _
<br /> �, ' ' beyond Boaawer's controi. Borrower shaH netity Lertder of�u►Y to dateda.�ate.reasonabte wear and tear excepted. . __
<br /> '�*� cfien a the ProAeRY or allow the Property ��
<br /> : , destroy. dama9e or substeMialN S _,��L
<br /> . .. Lender may inspect the PropertY H ttte Proaarry is vaeant or eband8orrower sha11 a►so be In detautt t Borrow Qudng he lo�an :�.__
<br /> � seUms to p�tect end Dreserve such va�ent or abandoned Properly _
<br /> ;� � � �•. •��, • •' appllcation Drocess. 9a�e materialry i�1�e or inacwrate infom�atlon or s�ements ta Lender(or faUed to provlde Lender wrih any _
<br /> materiat intortnaUon)�n cannection wttb the toan eviQencesd�bn�e'Nthis Secutity,lnstrum�tmis oe ar�easehoOU Borrawer shaU =
<br /> � � �. . gorrower's occupane1► of the PropertY a3 a p�tncfpal �rye teasehotA end tee title sha6 not be . : '
<br /> � . � • rqmpry witb tfie provis�ons of the lease• If BoROwer acqufres tee UUe to the Property. , ,
<br /> � . . . merge�"�:��Lender agrees to the merger In writing. ' . ..`
<br /> • - � ~ . , g..�pnd0lnnstiOn.The proceeds of enY 0�d o�to�r conveyance in�piafca of condemnaUon�ara hereDY�assig►!ed and � - •' .-
<br /> ' condemn a t lon o r o t h e r t a W n g o f a+ti Y P�o f i h e P r P e r t l 1
<br /> �.. . •• . shatl be pa�d to lender to �e �^1 su h p o'ce ds to the reductlontot the lndebtedness undm the Not hand thls SsCUrfty
<br /> � � _ ' Securiry tnsbument lender shall apPN ����n the orEer provlded In Paragmph 3,and then to prepaSmient ot pAncipal. , , : `
<br /> � � � InstrumenL first to arry deiinquent amounts apD ents,which ere . �
<br /> `�•'• • � qny eppticaUon o1 the proceeds to the p��iD�shall not extend or postpone the due date o1 the monthty paym ,
<br /> ' - � � ' � h 2,or change the emount ot such payments.My excesa Draceeds over an emount�equUed to pay a11
<br /> reterted to In Paragrap , � .
<br /> � � � out�,Kanding Indebtemness under the Note and th�s Secudry tnsuument shaU be pald to the enUry legally enU�rtowo sha11 pay all ' •
<br /> . ' • � 7. Charges to Bosrawer an d Prot�oo�o gtth�na�re no I�n g d d ln Paragraphp2. Borrower shall pay these • �
<br /> .,._.
<br /> . • � gove m m e n t a l o r m u n i c i p a l c h ar g e 9. w o u t d a d v e r s e l y a ft e c t L e n d e r's i n t er est in �
<br /> • • • �� obligaUons on time dlrecUy to tha en11tY which is owed the payment. N f a llure to p a y ents. .
<br /> • • � the Properry,upon Lender's request Borrower ahall prompUY tumish to Lender recelpts avidencfng these paym
<br /> � �.- - B goaower faits to make these paymenls or the payments required by i'aragrePh 2.or tails to peRorm eny other eovenants
<br /> - end egreements contained in this Sacurity Instrument.or there ia a tega�proeeeding that may slgniflcantty attect Lender's�ights In
<br /> the ProPeRY(such es a proceeding In baniwptcy,for condemneUon or to cmforce laws or regulatlons).then Lender may do end
<br /> to rotect the value of the Property flnd Lender's�ighte In the Praperly.ineluding payment o1 texes� �
<br /> � ' . • pay whatever is necessery P . � .
<br /> � ' ha72rd Insuranae and other items mentioned In ParagraPh 2•
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