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<br />,i.��.;, � Lmd�r rtuy,�t �ny tkrw, colisct �nd hold �mounls for Eacrow Itema In an �yprp�t��mount not to �xceld the muclmum
<br /> �'�' ;���� - �rnounl thtl mliy b�nquind for BnrtowM's��crow �ccount undsr tha Rwl Eetat�S�nNm�nl Pcx�duna Act of�974, 12 U.S.C, _
<br /> ` �•' �2601�j � and hipbrtier►tlnp rpuMtbn�, 24 CFR P�rt 3500, ee they may be�mended kom tkn�to tkn� ("RESPA"), except
<br />-.4"'"° th�t th1 Cuthbn or ntiww p�rmkt�d by RESPA lor un�ntfclpat�d ditbur��mmts or d'eburt�tc bNon ths Borrowor's "�-
<br /> T M`� . p�ym�nls �n�wll�bw h lhe aCaount rtury not b�b�s�d on smaunts du�for the moriWOe hwr�nce pnmlum. -__
<br /> :� . � If lh�omounle h�fd by L�ndar lor Escrow Il1ms exc�su ths umounte pKmRted to be hNd by RESPA, L�nder aheu wccount -._
<br /> ~ ���jjj to Bortow�r lor th� �zc�s�fund� ��requk�d by RESFA. II the amountc of funds hsld by L�nd�r at Qny tkn�an not auNbhnt to ___
<br /> �'f�tr...�.:'� __
<br /> � p�y th�Etcrow It�n�wh�n dw, LontNr rru�y nolYy th� Bortow�r�nd rpuln Borcower ta m1k1 up th��horl�Q�1s p�rmitt�d by
<br /> RF.SPA. �_
<br /> - TIN E�crow Fundt u� pNdp�d�f addkbn�l s�curRy for �II sum� sacund by thb SuurRy Instrum�nt.If Borrowar tanders
<br /> � to L�ndK th� fuN p�yment of �! suoh tum�, BorrowK's �ccount ehall b� cndk�d wNh th1 balencs nmalninp lor all hstelMSnt
<br /> � „ Rems p). (b), and (o) and eny mortQ�ps inaunnce premium Inatelknent lh4t Londer hna not become oblipated to pay to the
<br /> ' ,;"�: S�croUry, end LNid�r ahdl prompty rdlund�ny exces�fund6 to Borrow�r. Immedkley prior to �foncbsun s8b of the Property -
<br /> °''• • or Ra �oquhkbn by Lender, 8orrowws�ccount ehall be credksd wRh eny belanCe remdninp for nll instelfinents lor kems (�), (b), -
<br /> ��rf� '�'`^' and {c).
<br /> �.�.���::
<br /> .- �;'�`�:
<br />__.y,�.� „^ 3, Appllc�tlon ot Payments. AH paym�nta under Panpraphs 1 end 2 shull be �pplied by Lender�s folbws:
<br />-- -`°��'• Fl�et,to th� mortp�y� fneurana pnmlum to be paid by Lender to the Secretary or to lhe monthy chupe by the Secret�ry
<br />;��•�;;���..F.
<br /> "�;'�;'t�t±�;" Instsad of lhe monthy mortpape k►turancs prsmlum;
<br /> � .._;,.,.,.�;.
<br />=�.�_R,� :t, Second, to any t�ucea, 6per,i�l asssssments, IeasehoW payments or pround renb, end fYe, tlaod end olher hazard
<br />_'�ri r��:�t'�y:
<br />_ ���,+����'�r insuranc�prem�ms,�e nquk�d;
<br /> :_=`;?�!!�"���: Third,to Inl�r�st dus undK ths Not�;
<br />-""'�° '� '",�- FOUfth, to amortlzetbrt� ol the prhafpd of thn Note;and
<br />-�:*�r;��` Fifth,to I�te ch�rp�s du�under the Note,
<br />:_.�,,:.;s��.
<br />-;�,r,•- 4. Firo, Flood and Other Hezard Ineurance. eorrower snau r,sure eii improvements on ►no rrop.rty, wnemer
<br /> =;�.: now in exist�nc� or suba�quently xected, �painet �ny huards, casuaRks, an� conthpenclea, fncludinp ne. lor whbh Lendor
<br /> ii', '.'1r:_.�
<br /> �rx:t,�•• requkes insuranco. Thls Insurence sholl be malnlained fn the amounts wnd for the pxlods th�t Lender req�kes. Borcower shall
<br /> ---v��' also Inaun all Improvsments on th• Propsrty, whsthK now fn existe�ce or subsequenty Kact�d, �p�lnst bss by Ibods to the
<br /> --;•z'�,r`
<br /> - eztent requPad by the Secretary. All Inauranae shall he cerrfed with companles npproved by Lender.The Insurance polfcfes an
<br /> �v=!��•� � � any ronew�b shUl be hetd by Lender and ehall InaOude loes payabb clauses h favor of, and in o(ortn acceptabk to,Lender.
<br /> =-�:"..���- In the went of bss, Bortowsr shall pNa Lend�r knmsdl�te not�e by mall, Lender miy make proof of baa N not made
<br /> _`�`+���j promply by Borcower. EaCh Insunncs compnny Concemed is hereby euthorized and dinctad to m�ke ptyment Por such loss
<br /> ��.,��� _� i�,nL+�. �;gt�� Q} �� �II1I(lfy�M AfIfI IO Lender IolntN. All Of 9ny pflrt of the fnsurance proCHeds ritly bY npplled by
<br /> -r�'�+"�,s;�����`+ LsncNr, at ka oplbn, sRh�r (a) to ths nductbn of the Indebtednesa under thn Note and thb Securky Instrument, fkst to ��y
<br /> —.:..ic��_i-'��'��
<br /> ----_—_ � delhqusrri amounts rpplbd in the order h Parapnph 3, and then to prspeyment of princtpU, or(b)to the nstontbn or repaP of
<br /> �.�r��,=� ths d�m�p�d Property. My �Pp�batbn ot the prqcesds to the princip�l shall not uctaid w postpone ►he dua data of tho
<br /> —_�-,� monthy p�yments whbh are referrsd ta h Puaflnph 2, or chanqe ths amount of such p�ym�nls. My excess Insuranc�
<br /> -L_�"!�'�■ proceeds owr an amount requYed to pay ell outstandhe hdebtedness under the Note and Ih�is SecurRy Instrumw�t shell be paid
<br /> -=-===�_-�� t0 th�entRy IaytNy e�tRled tharoto.
<br /> L-_.� In the event of foraobauro of this Securky Inetrument or other tr�n6br of Idle lo th� PropKty that enthpuiahea tho
<br /> == r;�s� Indeb(eAness, aY right, lkla and fntereet of Borrower In and ro hsurance polbles In force sh�N p�ss to ths purcluser.
<br /> �'� 6. Occupency, Pretervatlon, Malntenance a�d Protectlon of the Property; Borrower's Loan
<br /> __ — AppllcaUon; Leesehoid�. Borcower shall occupy, estnbnsh, and usa tha Propaty �s Borrowwo princlp�l rotldanco wkhln
<br /> sbcty days�fte►lhe�xecutbn of this Securky Instrument (or wkhh sbRy days of a latK saY or traneter of th� Propaty)and ahoY
<br /> """°° conthue to occupy the Property es Borrowor's princlpal residence tor at feast one yeu after the date of acup�ncy, unless
<br /> -- Lendly dehrtninrs th�t requkanent wiu cause undue hnrdship tor Bortower, or unless ext�nuatinp CfrCUm3tlnce�exist whlCh qre
<br />--- '^��
<br /> „�.,� beyond Borcowe's cnntrol. Bortower shaH notMy Lender of any extenuating cirCUmstu�cea.BoROw�r shaN not commR weste or
<br /> -°.`�"�'� destroy, d�maqe nr subaWntklly chenpe the Property or albw the Property to detabrau, reatona6b weu and te�r sxceptod.
<br /> _��.�»��a
<br />--%"�'#�� LoncNr nwy Inspect the Property M the Prope�ty Is vacant or ebendoned or the ban Is N ckfwk.Lender may toka reasonnbk
<br /> ���'in�.�„�, ectbn to protect and preserve such vacent or ebandoned Property. Borrower shall also bi In defauR M BoROwx, durinp the ben
<br /> -- epplic�'bn process,pave materlally false or fnaccurAts Informetbn or staternents to Lendu(or fafled to proviW Lender wkh eny
<br /> ��^�^_-��� materf�l Informatbn)h connectbn with the ben evidenced by the Note, fncludfnp, 6ut not IimAed to,roprosanutbna concsminp
<br /> -- �-:��,s�
<br /> _-`�--��-- Borrower's occupancy ot the Prop�rty as a pnc�ipal resldence. If thls SecurRy Inslrument h on e IBes�hoid, Bonow�r a e
<br />-'= �},i�;���` Compy wkh the provlsbns ol the lease. It 8orrower acqukes fee tkle to the Property. Ihe leesehokl nnd fee titte shall not be
<br />:-;;Xf=
<br />�=<.,r���d^ msrped unbsa Le�der aqnes to the merper in wrRln9•
<br /> : t i,..�.
<br /> _ •; �a
<br /> • , B. Condemn�tl0�. The proceeds af any ew4rd or clakn tor damapes, dkect or consequentlal, fn connectbn wkh eny
<br /> - condemnatbn or other teking of any part of the Property, or lor conveyonce h placo of condemnatbn, are henby asslpned end
<br /> �" , shall be peid ro Lender to the extent o1 the lull emount of the hdebtedness thol rem�fns unpnkl under the Note and thfs
<br /> Security Instrument.Lender shall eppy such proceeds to the reductbn of the hdebtedness under the Note end this SecurNy
<br />,� " �' Instrument, fkst to eny delinquent amounts applied h the order provlded h Peragrnph 3,and then to prepayment of pnc�lpal. _
<br /> � Any epptication oi lhe proceeds to the principel shall not extend ar postpene the due dele of the monthty payments, whfch are _
<br />, � referted to In Parapreph 2, or chanpe the omount of such payments. Any excess proceeds over an amount requked to pey ell �
<br /> ' outstendinp Indebtedness undor the Note and this SecurRy Insfrument shall be pald to the entily {eqaly entrtled thereto.
<br /> ��.:
<br /> ' � 7. Charqea to Borrower end Protectlon ot Lender'a Righta in the Property. Bortower shall pay au '
<br /> • qovemmental or municipal charpes, Iines end knposRans that are not Included h Perapreph 2. Bortower shnll pay these -
<br /> ..d..� ..ww...A. ..IM..� Ien.W'e h/uael h -�
<br />.______ ________ __ ___.__ .. . . . ..' "..�__. u ���..� •.. ..... ..' �...... .�...�. �..��.� ....�'__' "
<br /> o6lqatSons on dma tlwecty to tne ennty wnrC�rs owea mn Nuru�mn• �� �o���o ... rv -••-^- -•v _
<br /> the Property, upon Lender's request Borrower shall prompty fumish to Lender receipts evldenchg these peyments. _
<br /> ' It Bo7ower fails to make these payments or the payments requked by Parayreph 2,ar feils to periorm any other covenants _
<br /> end agreemerits Contained In lhis SecurRy Instrument, or there is a legal proceedfne that may sqnMfc�ntly eMecl Lenders rfphts fn
<br /> the Property (such ns e proCeftdinp h benkruptcy, �or condemneNon or to enforce lews a repulations), ihen LenrJer may do and =
<br /> pay whetever Is necessery to protect the value of the Property end Lender's rqhts h the Property,hcludhq DaYment o� texes, _
<br /> hazard fnsurance end cther items mentioned h Purepraph 2. _
<br /> Fse+a�rno�io,�Ae�
<br /> Noo•z oi s
<br /> � ees�c
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