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��14��153
<br /> �nor�gage ins�rance pre�niu��z�o b�pai�.by Lendet•to�he Secretary, �r�ii� a monthly charge iras�ea�.of a
<br /> �na�tg�:ge ir��ura�lce premtu�n if�his Secu�ity Zns�rumen�is�ie�c�by the Sec�etat y, in a reasoriable a.inoun��a
<br /> be�.e�er�r�.i.ned by the SeGretary. �xcep�fa�t��e tnont�ly ch�rge�y�fie Secretary, �1�ese r�e�ns a�e ca�led.
<br /> "Escr�ur I�etns" a��.the su�ns p�.ic�to Lender�,re called"Escrovv�'unds."
<br /> Ler�.�er�nay, a��.ny�ime, co�lect and�iotd amounts fo�Escrow T�etns in an aggrega�e�.tn�un�r�flt�o exceed
<br /> �l�e t�a.xi�n��n amoun��ha��.nay�e rec�uired f�r Borrovver's eseroW accoun�u�der�he Rea1 Es�a�e Se��lernen�
<br /> Procedures Ac�of�974, 12 U,S.�. Sec�ia��6�1 e�seq. and iinple�nen�i�.g regu�ations, I2 C.F,R, P�r�
<br /> 1�24; as i;hey may Ue�.�nended from time�o ti�ne�"RES1'A"�, exce���ha���ie cus�iian ar rese�ve permitl:ed
<br /> by R.ESPA for�.�a��ici�a�ed�.isburseinen�s or �.�s�ursetnen�s bef��re the Bart�o�er's paylnen�s ar�av�.ilable in
<br /> �he ac�ou���nay no��e based o� a�nou�l�s c�u�for�he�r�ortgage insu�'a�ce preir�iuin,
<br /> If t�ie a�nou��s�le1c�by Lezl�er for�scrow Itelr�s excee�the a�r�.ounts per�rll��ed�a be he�c�by R.ESPA, Lender
<br /> sh.�.�l accaun��o Bor�ov��r for�t�ie exce�s fu�.ds �s�ec�ui�ed.by RESPA. If�he a.m�ur�ts of fi.��.c�s 11e�c�by
<br /> Ler�c�er a�ar�y�iine at•e not suff�cien��o��.y�he�scrow I�ezns vvhen due, Le�der may�atify the Borro�t7ver
<br /> �r�d requzre I3orrower�o tz�alce up the st�or�age as per�ni��e�.by R�SPA.
<br /> The�scrav�r F�.��a�s are�lec�ged as adc���ia�a.a�sect��rity far a1�su�ns secured by�11�s Securi�y Ins�ru�nen�, rl
<br /> T3or�°o�ver�enders�o Lende�the fi���pay�nen�af���such sutns, B�rrovver's�.�count sha11 be credited with the
<br /> bala�zce re�x�.ainir�g for a11 i�.stall�r�e��i�e�ns�a�, �b�, �r�d�c�atld a.n�r�n��'���g�II15LiT'�11C��J�'�1.Yll1��1'1 1115�a1It�llen�
<br /> �h�.�Lender izas r�ot l�ecQtx�e ob��ga�ed�o pay�o�he Sec���ary, a.nd Lenc�e�r sha1l�rom��ly refu.r�d any excess
<br /> funds�o I3orro�vsrer, I�r�nediate�y prio�r�o a foreGlos�x�°e�ale of the Pxoper�y or i�s�.cqu�s��iox�.b�r Lender,
<br /> T3o��rov�er's accaun�s�1a11 be credi�ed w��h a�.y�aalance re�naining for a11 ins�alli��etlts for�tem��a), �b�, ar�d(c}.
<br /> �. A pplication of Payr�nen��. .A.�1 payir�en�s undei�par�.grap��.s 1 ��d 2 s��a1�be�ppl�ed by Ler��er as fo�lows;
<br /> Firs�, �o�he�n,o��gag�insurance�r��n�uin�o be paxc�.by Ler�de��o��-�e Secre�a�y or ta�11e�no��h�y�ha��ge�y
<br /> �he SeG�e�ary instead or the mor�tl�.�y znor�gage ir�surar�ce pretn�um;
<br /> Seca��d, �o any taxes, speci�.� assess�r�.en�s, leasehold�aymen�s or grour�d re�ts, anc��re; fload and ather
<br /> 11a2ard x�a.st��ra�zce prelniutns, as requ�re�.;
<br /> Thirc�, ta ��.�e��s�due L�r�der�he No�e;
<br /> T`otxxth, �o �.��.�x�iz�.tion of i:he�arinc�pa�of�he No�e; a.z1d
<br /> I'if�h, �a�a�e c�z�.r�es dL�e under�he No�e.
<br /> 4. Fire, Flo�d and C]t�er H azard I nsurance. Bart�awer sha��i�sure all itnpr•oveinexa.�s o���he Proper�y,
<br /> vv11��;�1ez'�1�W 1�1��.�.S��I1G���'S�:i�75�C���11�:1���•ec�e�., aga��xs�alzy haza�ds, casua�ties, anc�ca��ti�gencies,
<br /> including fZre, fo�v�rllich Ler��er re�ui���s insuxance. T�i�s i�surai�ce s11a11 be�nain�ained ir��:he amoun�s and
<br /> for the per�ac�s���a�Lender requ�res. Borro�srer shall also ir�sure al� i��nprove�nen�s an t1�e Pro�e��y� W�l���l�l'
<br /> 17.QW 111�XTS���1Ge Q�'S1.lUS�i�Ue11���T�'�.'eC�:�C�a a�;a1I15� ��55�7y'flU�C�S�;Q�:�1������1��'eC�U.l.1'�C����:�1��eGre�r��'y. A��
<br /> 111SL1��.T1�E 5�7�.����Ca�'�"l.�C�.�1Lr���.1 C�1Y].��.Yl�eS a�]�7rQV�C��7y'1..���.7.C�.e�', T�.10 ff1SLl�'�11Ce�7��1.CX�S a11C�a�l�r�I1�Wa�.S S�.lc�.��
<br /> be h�Id by]Lende�°and s�a.�.�l include�o�s��.y���e claL�s�s�n favar af, and in a for�n�.eceptable�:o, Lender,
<br /> Itl�h�even�:ol�oss, Ba��r�,t�r�r sl�a�1 give Lenc���°��r�nedia�e�Zot�ce by Yn�i1, Le�ld`e����.ay�na1�e p�•oof of�oss if
<br /> ��a�in�.de pro�np�ly by Borrower. �ac��.ir�sur�.t�ce cotnpa.r�y conce�n.ed�s 11e�•eby�.�.�thor�ze�.at�c�d�r�cted tio
<br /> lnal�e payz�nen�for sttch loss�ire���y�a L�nder, rns�ead of�o Barrovve�anc�i:a Le�zc�e�j oit�tly, Al�or ariy pat•t
<br /> af�1�e insuran�e p�oeeeds 1r�ay be a�pli�d by Len�.er, a��ts op��a�l, eitihet��a� �o��ze�eductior�of�he
<br /> inc�e�tec���ess�tic�et•�:he N�te an�.��ais Securx�y Ix�s�rt��netz�, fi�s��o a�.y delx�lc�ue�t�tl�ou��ts ap���ed.ix�tlze
<br /> orc���in pa�•agt•a��13, �.�d�l�en��prepaymet��of prYncipal, at� �1���o��ie restoratlon or re�a�r o����e da��lagec�
<br /> Pro er� . At1 a �zca�ia�� o���ze roceeds�o�11e �iiz�i a�s�1a11 no�ex�end or os�: o�e��le�.ue da�e of�1�e
<br /> a����a�a��
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