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<br /> -=�-�� � 98- 11.2�41 -
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<br /> :p��;r�= , � �MdK m�y, �t �ny tkna, collect and hold amounto lor Escrow Itans h en apprep�ro amount not lo excsed th� maxknum
<br /> �mounl lh�l m�y b�requk�d lor Borrowsr's ascrow account under the Real E6tete Seqwmsnt Proc�dune Act of 1074, 12 U.9.C. �__^
<br /> r'�`3 '� §2601� q� �nd fmpNm�nlfnD nqu4tions, 2�t CFR P�rt 3500, ea thly m�y b� �m�nd�d hnm tYn� to llm� ("RESFA"),exCept ____
<br />"-p'?:'4: -
<br />:;:.�,.,,: : thd ih� euthbn or ns�rv� p�rmkt�d by FiESPA for unantbipatsd disburasmsnt6 or dlaburc�nte b�lon th� BorrowK's
<br /> ��yaiiL'• P�Y��� ����°��wbM �^�h�account mlly not b�b�C�d on amounta dw br the mortp�p�ineuranCe pnmlum.
<br /> ��%=��� 11 Ih� Mmounti hdd by I.Md�r for Ewrow lum• excNd Ih� amounts permdtsd to b�held by R.ESPA, Lendor ehwll�ccoum
<br /> �_'��� _
<br /> to BOrrower for th�exCSes hmdb A� nquir�d by RESPA.II the amount6 of lunds held by Lsnd�r �t any Ikn�u�not auHVCisnt to �__
<br /> p�y th�Escrow Itsme wh�n du�,l�ndw may nolfly tho Borrov+er and roquira 6orrower to make up Ihe ehort�ge�6 permkted by _
<br />-_-'J� Rf:SPA.
<br /> _� The Escrow Funds are pkdq�d aa �ddRbnol escurRy for 411 sums seCUred by this Security InstrumMt. If BorrowK tsnd�rs
<br /> to L�nder the full ptYmsnt of �II such suma, Bortower's account sh�G be CredRed with the balance remshlnfl for all hstalMnsnt
<br /> _ -- ftorns p), (b), nnd �c) end eny mortql�pa haurance premium In6tellrnent that Lender has not becom� oblipatAd to pay to tho —
<br /> Secrelxy. �nd Lender sha�l p�ompily refund any oxcess funds to Borrower.Immedlately prlor t� a foreClosure sale of the Property
<br />;',*,�+"?'� or Rs 1cquNSnlon by Lender, Borrower'6 eccount shall be credAed wfth any balance remalning for ell hstelknenls (or Rems (a),(b), _
<br />:,:;:'y F;,
<br /> ,;,jt,�,� and (c)•
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<br /> �?^�• 3.Applicetlon of Payments. All payments under Pere9rephs 1 and 2 shall he applfed by Lender as follaws:
<br />-�.��+,��a-i+ Flfsi,to►he mortyape Insuranca premium to be peid by�ender lo the Secretary or to the monthly cherpe by the Secretary
<br /> �7�:..
<br /> -'"�� � - hsteAd of the monthly mortpape Insurance premium;
<br /> ""'yti��� Second, to any taxes, speclal assessments, leasehokl payments or pround rents, and fke, Ibod and other hazard
<br /> .,;�,yr�� nsurance premiums,as rsqu�ed;
<br /> ;Qe>.
<br /> --- Thf�d, to htarest dua under the Note;
<br /> .�.ce.�ea� Fourth,to amortizatlon of the principel of the Note; and
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<br />-,i,;; FiFth,to late charpes due under the Note.
<br />_�-�� 4, Fire, Flood end Other Hezerd Inwrence. Borrower shall insuro oll improvements o� ►n. Proparty, whether
<br /> now h existence or subsequently erected, apahst any hasords, casuakfes, and conthpencfes, hcludinp fke, for whfch Lende�
<br /> --__- requWS hsurancs. Thls „surance shall be maintahed In the amounts end tor the perbds that Lender requkes. Borcower shall
<br /> wlso hsun all knprovaments on the property, whsthsr now h sxisllnoe or subsequanty arected, ayahst bss by tbods to the
<br /> - extent requked by the Secretery. All hsurance shall be carrbd wkh compenfes npproved by Lender.The insurance palfcbs and
<br /> ��i �ny r�newels shall be held by Lender nnd shall Nclud�bss p4yable clauses in favor ot,and k► a form acceptabb to,Lsnder.
<br /> -= In the w�ent of loss, 9orrowar shall pNe Lender fmmediate notbe by mnll. Lendor may nuke prool of bss M not made
<br /> — _ promplly by Borcower. Each nsurance comprr�y uur�ca���s� :S har��7 �a:ho'!zc'! "-nd dw!"°tnd to make psyment tor such bse
<br /> dkecly to Londer, hstead of to Borrower nnd to Lender Johtty. AY or eny part of the Insurance proCeads may be applied by
<br /> -� � I.ender, at Rs opYron, eRher (a) to tha reductlon of the Indnbtednaas under tha Note end th(s SecurRy Inatrum�nt, first to eny
<br /> � - `--� delhquent amounts eNplfed In the order fn Paraqrnph 3,and then to prepayment ot princlpal, or(b)to the restoratbn or repak of
<br /> !he d�m�ped Property. Any appl�atbn of the proceeds to tho principal shall not eztend or postpone the dus d�te of the
<br /> - �� monlhly payments whbh ere referred to In Parapnph 2, or chenpe the amount of such p�yments. NNny excess I�aurance
<br /> — proce�ds over en amount requlred to pay all outstBndinp indebtedness undAr the Note end this Securky Instrument shdl be peld
<br /> °17!� to tM entky le4aly ontkled thereto.
<br /> - In the svent o} forecbsure ot thls Security Instrument or other transler ot title to the Property that extinpulsh�s the
<br /> fndobledness,all ripht,tRle and Interest of Bortower in end to Insuronce polbies In force shall pass to tha purchaser.
<br /> 6. Occupancy, Preservetlon, Meintenence end Protectlon of the Property; Borrower'� Loen
<br /> - AppllceNon; Leeseholds. Borrowsr shall occupy, est�blish, and use the Proporty as Bortower's pnc�ip�l rssidxic�wRhh
<br /> sbdy days attsr the executMn of thls SecurNy Instrument (or wkhln sbcty dnys of a later safe or trensfer of the Property)and shnll
<br /> conl'nue to occupy the Property as Borcowers pnc�lpal nsidana for at letst one yonr aftx the dnte of occupancy, unless
<br />��� Lenlar detennfnes thet requMement will cause undue hardship for Bnrrower, or unless extenuathp cfrcumstances exist whbh are
<br /> beyond Borrower's contml. Borrower shall notMy Lsnder of eny extenu�thp crcumstances. Borrower shall not commk w�ste or
<br /> _ �`'� desUOy, damage or substantialy chanye the Property or elbw the Property to deterlorate, reesoneble wear and teu excepted.
<br /> "�'`'a''`�� Lender may inspect the Property M the Property Is vacant or abnndoned or the ban :s In detauk. Lender mey take reasonable
<br />--�.�_�,�� nclbn to protect 9nd preserve such vacant or aGandoned Property.Borcower shall also be fn d�(auh H Borrower,durhp the ban
<br /> --_-- app�catbn process, pave materialy false or fneccurate Informatlon or stetem�nts to Lender (or felled to provids Lender with any
<br /> �,�_���' mniKlal hformetbn) !n connection wkh the loen evide�ced by the Note, hcludinp, but not Iknk�d ro, roprosentatbns concemhp
<br /> --.�-r_�� Bortower's oCCUpancy of the Property as a prhC�pal residenCe. �� this Security InsWment is on a leasehold, Borcower shall
<br /> L�==-T�� comply with the provlsions ot the lease. N Borcower acqukes fee tk{e to the Property, the leasehold and fee tR{e shall not be
<br /> -�� merped unless Lender aprees to the merqer In writinp.
<br /> -._,��.
<br /> __ ^' :,.•�.�::
<br /> �j��';��� 6. Condemnetion. The proceeds of eny eward or clrikn for damages, direct or consequontlal, In connectbn wR any
<br /> • condemnatbn or other taking of any part of the Property,or tor conveyance fn place of condemnation, are hereby ass{pned and
<br /> � " sheh be peid to Lenddr to the extent of the full amount ot the fndebtedness that romains unpald undor the Note and this
<br /> Security Instrument. Lender shall apply such proceeds to the reductlon ol the hdebtedness under the Note and thls Security
<br /> � InsWment, first to any delMquent amounts app��ed in the order provided In Parugreph 3, and then tu prepayment of princfpal.
<br /> Any applVicetion of the proCeeds to the principal shell not extend o� postpone the dua date of the monthly payments, whbh ere
<br /> rele�red to In Paregreph 2, or change the emount ot such payments. Any excess proceeds over an amount requfred to pey all
<br /> oulstanding fndebtedness under the Note and thfs Security Instrument shall be pald to the entity legally entRled thereto.
<br /> _ _��`.� __ � r_n,�raea to Borrower and Protectlon of Lender'a Rights In the Properry. Borrower she11 pay au
<br /> _ � gorarnmental or mun�fpal churges, fines and knpositions that ere not hciudeG �WOUId adversel naHect Lender's inlerestvin
<br /> oblgatlons on time directly to the entity wh{ch Is owed the payment. 11 felluro to pay Y
<br /> " the Property, upon Lender's request Borrower shall promplly furnish to Lender r0cefpts evidenC„g ihese peyments.
<br /> If Borrower fails to make these payments or tne paYm�nts requfred by ParGgraph 2, or tells to peAOrm any other covenants
<br /> and agreements contek�ed in thls Security InsWment, or Ihere is e legal proceedfn8 that may sfgnitfCantly effect Lender's rights f�
<br /> the Property (such es a proceeding In bankruptcy,for condemnelbn or to enbrce lews or repulatlons),thon Lender may do end
<br /> pay whatover is necossary to protect the value of the Property and Londer's rfghts In the Property, including payment o� texes,
<br /> hazard Insurance and other Items mentioned M� Pnregraph 2.
<br /> Pag�7 0� 5
<br /> � F5819-L1A0 (t0�9E)
<br /> 99297
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