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<br /> � I RE R��ORIrk.D �+��1 `f� ounts rmitted to bc�Id by RESPA�I.cnd'er shall :v,;:
<br /> '`'" � � If the amounts held by L.cnder for Escrow�ms cX�thc am P�
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<br /> account to Borcower for thc excess funds as required by RESPA. If the amounts of funds hcld by I.endcr at any►ime E�:
<br /> arc not sufficient to pay thc Escrow Items when due,Lcnder may notify thc Borcower and requue Borrower ta make up �,;
<br /> ` ' thc shoctagc as permittod by RESPA. �''
<br /> ; The Escrow Funds are pledged as addidonal securiry for all sums secured by this Sec►uity InstrumenG If Borrower �
<br /> ; tenders to Lender the full payment of all such su mo�a�e insnrei►ce prem m instalimenwthat J.ender hag o�be.com�e
<br /> � all installment items (a), (b). smd (c) and ac►Y � g �efund any cacess funds to Borrower. Immediately prior to
<br /> t obligatcd to pay to thc�scretary,and L.endcr shaU promptly
<br /> , , � a forcxlosure sale of the Properry or its acquisition by Lender,Bonow�r's account shall be credited with any balance
<br /> � r,.maining for all instaUments for items(a). (b).and(�). ��by�nder es follows: _
<br /> tt 3.Applkatbn ot Payments.A11 payments under paragraphs 1 and 2 shall be aPP QI� �e monthly charge by the ___
<br /> , � Fj�, to the mortgage ins�rance Premium to be paid by Lcnder w the Sccrctary -
<br /> ` Secretery instead of tha monthly mortgega insurance Premium;
<br /> �� ��y taxes�Special assessments,leasehold payments or ground rents,and fue, flood and other ha•rard
<br /> . �t � insurance premiums,as required;
<br /> �j�,to interest due under thc Note;
<br /> �y�,to amortization of the principal of the Notc;and
<br /> '�, �,w late charges due under thc Notc. p y whether
<br /> 4.Fire,Fload and Other Hazard Insurance.Boirower shall iasuro all improvements on the�o��e►for which
<br /> � , now in existence or subsequently erected.a8alnst any hazards�casualdes• and contingencies,including
<br /> Lender requires insurance.This insivance shall be mair►tained hether now in ex�stence or s�ubsequ�tly�erccetcd,aseinst
<br /> gQnower shall also insurc all improvements on the Propercy.
<br /> - .. - = loss by tloods to the extent required by the Secretary.All insu�en�,e shal!C.=r����"-'i!h companies apAroved by Lender.
<br /> �� , The insuranco poucies and any renewnls shall be held by Lender and shall include loss payable clauses in favor of,and
<br /> in a form acceptable W,L.ender.
<br /> � �.. In the event of loss,Borrowcr shall givc Lender immediate nodce by mail.Lender may mako proof of los ent for
<br /> ' made prompdy by Borrower.Each insurance company concerned is hereby authorized�odir����p P�s�y
<br /> '.�, such loss d'uec��I.�eder�inostead oc�B�a���ed�uCaoncofthe indeb�tednesspunder the Note and thts Security
<br /> �apP��bY p lied in t1►e order in paragcaph 3.and then to prepayment of principal,or
<br /> �� Instrument,fust to any dclinquent amounts app
<br /> (b)to thc resooradon or repai�of tha damaged Property.Any application of the proceeds to the Principal shall not extend
<br /> or postpone the due date of the monthly payments which arc referred to in paraSraph 2.or change the amount of such
<br /> payments.My excrss insurance proce�dg over an amow►t requircd to pay all outstanding indebtedness under the Note
<br /> - - '€±� and this Sccuriry Inswment shall be paid w the en6ty Icgelly entided thcreto, ,, � �at extinguishes the __
<br /> #� In the event of foreclosure of this Securiry Instrument or other u�a►►sflic es in force sha�llp s to the purchaser.
<br /> indebtedncss.all right,dtle and intccest of Borrower in and to insurance Po licati�n;
<br /> S. Occupancy�Preservntbn, Mainten�nce and Protection �Bo�°eres princ pal residence�with'un sxty days
<br /> � �'' rrower shall occupy,estabGsh,and use the Propercy f �p�.o ��nd shal]
<br /> � Leaseholds. Bo --
<br /> after the execution of this Securiry�Bo ower(s principal residence for ae�leas�an�yearsf a�'�r the da of occupancy,
<br /> ' � continue w occupy thc Pl'op�rtY
<br />_- r� , unless Lender determines that requirement will cause undue hardship for Borrower,or unless extenuadng circumstances
<br />-. � � exist which are beyond Bonower's control. Borrower shall notify Lender of anY�xcen�u�aW�C�o�����o°a�� —
<br /> - ; shall not commit waste or dcstroy.den►a8e or substandally change the �oP�Y,�va���r abandoned or the loun is _
<br />- � reasonable we�u and tear excepud.I.ender may inspect th i P��e�Y�f p��uch vacant or abandoned Property.
<br /> � � in dcfault. Lcnder may iake reasonable acuon to p
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