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<br /> . If the amounts held by Lende Cegs�ds�Itequired by RESPA�If che amoun s of fundslhcld byELen P a nanY
<br /> s h a l l accou n t t o B o r r o w e r f o r t h e e x
<br /> time are not sufficient to pay the Fscrow iterns when due, L en der m a y n o t i f y c h e B o r r o w e r and re quire Bonower to
<br /> • make up the shortage as perin�tted bY RESPA. _ .
<br /> ; The Escrow Funds are pledged as addicional securuy�f B nower's account h 1 be credited with the balance -
<br /> ` gotrower tenders ro L.ender the full paymant of all such s � e insurance premium installment that Lender has .Y
<br /> .,� (b), and (c)and any mortgag refund any excsss funds to Bonower. __
<br /> " remaining for all installment items(a)� __
<br /> not become obligated to pay to the Secretary, �d �''�II o Tr its ac uisition by Lender, Burrower's account sh�ll be �
<br /> � Immediately prior to a foreclosurr s a le o f t h e P r o p e rt Y q and(c). °'-'�
<br /> �• lied by Lender as follows: p��-
<br /> credited with any balxnce remaining far all instaliments for items(a). � . �.
<br /> 3.App�ication ot Payments.All payments under paraBT�ap�nder tot hegSecr � or to the monthly chazge by tbe � _
<br /> ` �,r , to che mortgage tnsurance premium to be paid by r�•.-
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<br /> ;, Secretary instead of che monthly mortgage insurance premium; �;,_
<br /> ond,to any taaes,special assessmenis, leasehold payments or ground rems, and fire, flood and other hazurd ��
<br /> �� insurunce premiums,as required: �"•
<br /> ' �'J„ij�, to interest due under the Note; -
<br /> Foarth,to amonization of the pr[n�iPa1 of the Note;and W�ether
<br /> �1 . to late chazges due under the Note.
<br /> 4.Fire,F1ood u�°teniy�c�8�stcuryBhazards.Scasualties.eand contin8 ncies,inc uding�ire,for which
<br /> now in eaistence or 9
<br /> --- _- -_..__ LPnder requires insurance. Thi sunsuAriance�������Qn She PropertY.�e her now inrex tenceor su�bseqIuently
<br />� requires. Bonower shall �lso !n
<br /> erected,against loss by floods to the eztent required by the Secretary. Alt incurance shall be carriu►W i��°�F�i�°
<br /> approved by Leuder.The insurance policies nnd eny ren�wals shall be held by I.ender and shall include loss payable
<br /> clauses in favor of,and ia a form acceptable to.Lender.
<br /> In the event of loss,Bonower shall give Lendcr imm�i�e�igihe ebm uthorized and d cect�t°me�e Payment
<br /> Y azt of the insurance
<br /> mado prompdy by Boaower.Each insurazice campany pll or nny P
<br /> for such loss dicectly to Lender, instead of to Borrower and to Lender jointly. _
<br /> l roceeds may n�applied by I.ender, at its option, ounts aa>1 ed in theuorder in parag aph 3�,and then to PT payment
<br /> p lication of the proceeds ta the
<br /> ' this Security Instnunent,first to any delinquent am Pp pny app ra h 2,or
<br />� � ;, of pdncipal,or (b) to the Testoratne the due datc of the mo thly paymen s which aze referced to in para8 P
<br />_ • � princlpal shall not extend or postpo all outstanding
<br /> <- change the amount of such payments.Any excess insurancc procceds over en amowu required to pay
<br />�. � pe that extin ishes
<br /> indebtednessventeof foreclosuanre oftthis Secun'rygInstrnuemem or other�trans ler ofi�leeto�the Pro e rty ereto. �
<br />� „ In the e
<br /> - _ �,;;;, :;,d��tedness, ntt riQhr. dt�e and interest of Bonower in and ta insurance policies in force shall pass to the _-
<br /> purchaser. rt Borrower's Loan Appltcation;
<br /> _ � � 5. p��upancy, Preservatlon, Mafntenance end Pcotectlon ot th�eB�p�ef S principal residence with�n s[uY
<br /> - Lessehold9. Borrower shall occupy,establish,and use the Properry �
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<br /> A r,�
<br /> � days afrer the execution of this Security lnsag Bonow�er'slprincipal e idencs for at leascoueYgear aft�C t���e of
<br /> � and shall continue to occupy the Properry
<br /> ; �upancy,unless Lender determines that requirement will cause undue hudship f�r Bonower,or unless extenuatinS
<br /> - = circumstances exist which are beyonn�`BV�e or des oyt damage oWSUbstantially h g n he Property or allow the
<br /> � � circums c a n ce s• B o r r o w e r s h a l l n o t c o � y is vacant �-
<br /> Property �o d�or�it�et loanais in defaultr.Lend�maY ptake r��1onable act on e to p o t�ect and preserv�u ch vacant or �—
<br /> . , or abandone ___
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<br /> " ��i ✓�/�:[!J '.
<br /> � Pope 7 ot 8
<br /> i �-4RINE)�ssoa�-o�
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