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<br /> Und�r may,�t �ny tYn�, coNlct �nd hold�rnounts lor Eacraw It�ms in �n 4pprp�t� �mount nol to �xcMd th� m�xYnum
<br /> � amount thal mlly b�riqukW lar Borrow�r'� �Itrow�ccount undsr th� R�al E�t�t�S�ttlMn�nf Proc�dunit Acl of 1974, 12 U.S,C.
<br /> �2801 ���nd knpMrrNntinp rpuMlbns,21 CFR P�rt 3500, �1 th�Y rru�y b� �m�nd�d hom tYn� to tkn� ("RF.SP/.")� n�cspt
<br /> th�t Ih� cuthlon or r� pKmMt�d by F�BPA for unanticipaud dbbur�swnanU or dbburt�rtMnt� bNon th• Borroww'�
<br /> p�ymmt�u� awW�bN In th��ccount rtuy nolb� Wt�d on �mounn dw for lh�mortp�p� Imur�nc�prwnfum.
<br /> II th�unount� hNd by L�nd�r for Ewraw It�m��xewd ►h� smuunt� p�rmktad lo b� h�kl by RESPA, L�nwr �h�l��caount
<br /> to Borrow�r for th� ac�s�lund�u r�quir�d by F�SPA.If th�unaunta of lund� h�ld by L�ndK�t�nY tkn�on not�uHbMnt to
<br />� p�y th�Elcrow IUmf whm du�,L�ndK may notify Iho Oorcowcr and roquire Borrow�r to m�ke up the ehoA�Q��s p�rmRtod by �,_
<br /> F�SPA.
<br /> Tha E�crow Fund� an pbdped I�4 iddAbnal t�curKy for UI tume a�cund by thk Socurky In�trum�nt. If BorrowK bnd�n
<br /> to Und�r th� lu1 paym�nt of �N �uch wms,BorrowK'��ccount thall b� crWkW wNh ths b�Mnce nmainhq lor �II In�ulM�nt
<br /> Rems (�), (b), �nd (c) �nd sny mortp�pe insur��ia premfum hsutnent thet Lend�r h�s not b�corrN oblipot�d to p�y to ths
<br /> S�crwry,�nd Und�r ehaY prompty re(und any oxcess Nnda to BorrowK. Imrtwdkbiy prbr to a foncb�ure aaN o}th�Proparty
<br /> or Rs�cqul�kbn by Und�r� Borcowsrs wcaount shou ba credkod wkh any hnkncs rem�hing lor�N instdh�nts�or Rems (�),(b),
<br /> •nd(c).
<br />- 3. Applic�tion of Payments.All pY�ts undw P�rapnph5 1 and 2 shall be applled by lender rs folbws:
<br /> Firat,to th� moR�ap�fnaur�ncs pnmbm to b� pikl by Land�r to the S�cnt�ry or to lhe montY�y charpe by tha Secretary
<br /> N�tNd of th�monthy mortpay�Insurana pnmlum;
<br /> SRCOIId, to �ny t�xes� sP�ckl aases�monts, fMashold p�yments or pround rsnta, and firs, tbod �nd other hazard
<br /> fnauranco pramiums,as roquked;
<br /> Third� to IntKnt dw undsr the Note;
<br /> Fourth,to amortizatbn of ths princlpalaf the NoU; and
<br />- FI11h,to Mt�chupsa dw under the Nole.
<br /> 4. F�f�J� Flood �nd Oiher H�zard Inwrence. Borrower ShaA hsurs eN lmprovsrtient5 on th� PropNty, wh�th�r
<br /> now In ahtana o�subtsqu�nty enctsd, weinsl any hezards,casu4kles, snd Conlhpencbs, hcludhp flre, for whbh Le�der
<br /> rpulna fnaunnca. Thls Inaurana shaN be mainUhed In the unounts�nd for ths periods that Lendsr raquk�s. 8orrow�r Bh1�M
<br /> �I�o haun aM MprovMn�nts on th� Prop�rty,whNhsr now fn exkt�nc� or subs�quently enctsd, �qahat bss by fbods tn th�
<br /> �oR�nt nquM�d by th� S�cntary.AN incurana sh�M be cartbd wMh companNa approvsd by Lender.Tho Innurence polbles �nd
<br /> •ny nn�wals ah�M W hsld by Lender and sh�Y include bss p�yabN ckuses In favor ol,and h a form acceptcble to,Lender.
<br /> In th� wmt of bas, Bortower shiq qM I.�ndsr Mmsdl�ta notke by maN. Lender may make proof of bss N not mqde
<br /> prompty by Borrow�r. E�cn klsur�nc�Cortpu�y concw��&G w :�M'a�y +it`arl�d w� dy==!'c+ �^ '"'"-k^ osynwnt for such bss
<br /> dlncty to l..onder, habad of to BorrowK nd to Lendar johty.All a any put of the inauranc� prxe�ds may be aPP�led bY
<br /> l.�nd�r, �t ks optbn, �khK (�) to th�rsdutUon ot th� fnd�btYdrNSS und�r the Not� and thFs S�curity �nstrumN+t, ikst to �ny
<br /> dNhquM�t amounts�pplild in the order in Putynph 3,and the�to pnpaymsnt of princp�l,or(b)to the roatoratbn or npaP of
<br /> th� d�nwp�d Property. MY �PP�atbn of Ns prxeeds to the principal ahaN not ext�nd or postpone th� dw d�t� of the
<br /> monthy paymmta whbh an rN�nd to h Panpraph 2, or ch�np� th� �mount of such p�ym�nta. My ucc�as inaunna�
<br /> proe�owr�n �mount nqutsd to p�y a�outeundfnp ind�btednsss under the Not�and thfs Sscurky Instrum�nt aMM W p�fd
<br /> to th�aniky Mp�M1r mtkbd th�rNO.
<br /> In tM w�nt ol (oncbwn of thk 5auriry I�strum�nt or othK transhr ol tRM to th� Prop�rty th�t �xtlnpukhee th�
<br /> Ind�pt�dn�ss,�N ripht,tNM and int�nat of Barow�r fn�nd to Insurana pollcks in fore�sh�M pasa to th�purchas�r.
<br /> 6. Oacupancy, Pre�ervatbn, Malntan�nce •nd Protactbn of the Property; BcKrower'a Loan
<br /> A�lFIIICN1011i LlMeh0ld�. BOROwK thlN OCCUPY� ���h,�nd uE�th� PrOpMty ��BOrtoMMrs prMiCipd ntldMN.'�wNhin
<br /> tbcty d�ys aMr tIN�cutbn of thfs S�euriry InsWrtwit(or wRhln suRy days of�ktar saM or tnnsfu of fh�PtopMty)Rnd thaA
<br /> eontinw to acupY tM Prop�ty as Borror�s princpal reski�ncs for at M�st one ya�r�R�r th� daU of xcup��cy, unNss
<br /> L�nd�r d�brmMits that nquir�nait wY.caus� undue hudshp fa Bottow�r,or unMSS�ctenu�ttp circumswncss alst whiCh u�
<br /> b�yond BortoMw's control. 8orrower �haN notily Lwid�r ol�ny at�nwtinfl circumttu�c�s. Bortoww shaN not commk w�st� or
<br /> d�VOy, darrrps or substuttylly chanp� tM Propsrty or �bw Ihs Prop�rty to dN�riorat�� reuonabb ww�nd twr naapt�d•
<br /> L�ndK may inSp�ct th�Propwty M tM Prap�rty Ls wcant or ab�ndoned or tM bu� is „ d�a�k• Le^d�r ^wy ta�c� rMEOn�bla
<br /> actbn to prouct Nd pnswvs auCh wcant or abu�doa�d Fropab• BarOw�r 6haN�bo b�in dMruk If Bonow+r,durfp th�lo�n
<br /> �ppMCation proCOSS,pYw rt1�Mti�lly hls� a halaunb iniormatbn or sut�►Nnta to UndK(or aY�d to provld� UndM'wkh �ny
<br /> m�ta�l nfomrtfon)in cunn�ctfon wRh tM b4n wid�ncod by th� NoM, includinp, but nof limiad to,npns�ntatkx�s conc�rninp
<br /> 9ortow�s acup�ncy of th� Propsrty a�� p�b�� ��^�!• �f this S�curky InsWrtwnt k on � N�s�hofd, BorrowK shaM
<br /> compy wkh tM provisbns of the N�ss- II Borrower�cqulns N� tNk to the Prop�ty, th� Iws�hold �nd hs tRN shaN not b�
<br /> mKp�d uni�ss La�d�r�pyss to ths mxfler h writhy.
<br /> 6. Cond�mnati011. Ths prx�eda of �ny nwud or cMim tor dam�p�s� dinct a c°^sKM+mtfal, h conn�ction wRh any
<br /> - co�dMmation or other Wchy ol�ny p�rt W th�PropKty, or tor conwyancs fn pNc�of cond�nn�►b^�w h�bY�ssfpn�d�nd
<br /> - ShaN b� pald to Lender to th� extent ol lhe NN amount of the hdsbtodness th�t rsnrins unplid undx the Nolo �nd thfs
<br /> S�curity Inatrunwnl. Lend�r shal appy such proCwds to tha nduction o} the hdabt�ck�ss undK tha Noh and thfs uecurky
<br /> � Inslrum�►t, first to�ny d�Nn��wnt �mou�l�appi+d h th� adK ProvkMd in Pupr�ph 3,ond then to propayment ot prnepal.
<br /> My epplicatbn of th� procMds to tM principal shal not at4nd or postpo�the dw dah ot tM monthy paymen:s,whkh ar�
<br /> r�Nrt�d to h Panaroph 2, cr chu►p�th�mount ot such Uaym�nts. Any aocc�sS P���s ovsr�^ urwu^t nqulnd to p�y aM
<br />— outstand'nfl hdsbt�dness undx the Nota nd thfs Security Insbumenl shaN Da pekJ to the entAy fspaMy entRMd theroto.
<br />� 7. Chr�es to Borrower �nd ProtecUon of Le�der's Rl�hts In the Property eorrow.r ar+ar p.y aM
<br /> ��
<br /> ppvemmantal or municipal charpas, fines�nd Irt►positions that on not incUdaJ n Pu�ynpn z. narrov� s�a: P.l i��:
<br /> =n oblip�tlw�s oe tne dirocty to the eM�► whi�h is awed ths paym�nt. If failun to paY would �dvasay aNact Lond�s intsnst in
<br /> the Property,upon Lenders requsst BorrowK sh�q promply himfsh to lender raeipls evldenciny these payments.
<br /> � If Bortower Mis to make lhese p+iym�nts or the payments requ'red by Parapraph 2,or hils to perform eny otRer cownants
<br /> - and�pnert�ents contained in this Security InstrumenL or thxs�e leyal proceodnfl that mny s�ficenty atfect Lend�s riyhts in
<br /> the Property(such �s i proceecliny h bai:lwplcy, for cond�rtxiatbn or to entorce�ws or reyuktfons),tnen LendM'rryy dc and
<br /> � pay whatevar is noceSSary to protect tt+e valw ot the Property nnd Lenders r�pAts in tha Prope�tY, includ'np pyyrtwnl of t�xra.
<br /> hanrd Insunnce�nd other Rems mentioned in P��aprW1+2•
<br /> FSlI�.LMO 110/9�) Paq�2 0�S
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