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<br /> Lender�ayp at az�y titne,ca�lect atac�hold an�o����.ts fox�Es�ro�v Ite��a�in aia.a�g�egat� am��.tnt not to excee��he
<br /> �r�axiznutr�atr��un� �lia� lnay be req��ired f�r Borr�ti�rer's escr•o�v ac�aun� unde�� ���Real Fstat� Set��ement
<br /> Procedu.res �.ct af 197�,�2 U,S.C,��ction �6D1 et seq, and implem�nting ��egulati�t�s, 12 C,F,R,Par�1024,�s #hey
<br /> may be arr�e�ad�d fram t�zxae to tim��"R.�SP�"}, except that �he cushiot� or�e�erWe pex�nit�ed by RLSPA f�r
<br /> u�a�nticipa.tcd dis�ursements o�•d�sbu�sern�i�.�s befflze tlae Barra�re�'s pay��ae��ts aY e availa�ble in the accaur�t m�.y
<br /> not�be based a�� amo�.�i�ts c�ue far t��e mor�g�ge ins��z ance pre�-ni��xn. .
<br /> If�he amou.nts held by Lenc�er for Escrovcr��eirn�exc��d the amoun�s permitted ta be held by RESPA, Lei�der�hal�
<br /> accotrn� �0 13orrowe�for the exc�ss fc�nds �,�r�c�itired by RESPA, �f�he �moi���.ts of funds �acld b�Lende�°a�t�ny
<br /> �i�n�are not s«fficient ta p�� �ha Escrow�terns u�1�en d�.�e, Lender ma���otify tl�e Bor�ower�.nd r�c�uir� Bora�ov��r
<br /> to make up the shor�a�e a�permx�t�d b��SPA�..
<br /> Th�Es�ra��r Funds are pledg�d as additi�nal se�L�z��y for a11 si�rns sec���ed by this Sec�rity �nstrurn�nt. �f
<br /> Ba���wei tenders ta Lende���he full pay�r�ez�� �f all such s�irn�, Bar�ower's account shall be czedited �ith the
<br /> b��a�.ce r�maiz�ing fot,all insta,ll�nen� i�e�n��a},�b},and �c}az�d a�l�r mar�gag� insuran�e premi2�m.ans�all�nezlt t�a�
<br /> Lende�has na� b�come obligat�d �o pay to the �ecre�aiy, and Lende� shal��rornp�ly refi��-�d any excess fi.�nt�s �U
<br /> �o�irotive�a Im�r�.ediately���za��o a forec�asu�•� sale af the PraperCy c��r its acc���zsi�ion by Lenc�er,Borrowe�'s aG�aLi�t
<br /> slaall b�c�edited wit��any balance ret��ainin� far all i��stailrnen�s fo�i�ems�a�,�b�,and�c}.
<br /> 3� ►4pp�i�a�i�t� of Payments, AII paylx�en�� ur�d�r p�.ragraphs 1 ai�d ��l�all ��e applied b�Le�cier as fo��o�s:
<br /> First, �o tihe rnartg�ge insu�at�ce prerniut�a to b�pai��y Le�.der tio the Se�r��ary �r�a the mo�lthly cha��e �y�he
<br /> �ecretar�r ins�e�,d of the mon�:��ly mar���,ge ins�.Yran�� �are�ni��na;
<br /> Second, �o any �a�cs, spe�ial assessme�ts, l�as�hold pay�nel�ts o�-grouz�c� rents, z�nd Cre,flo�d and ❑tl�er h�za�rd
<br /> insuzanc� pr�rniums,as requi�red;
<br /> Third,ta zxa:ter�s� d�.e l��adcr the Not�;
<br /> F'Dll��l, to a�nor�izat�o�.of�he pxix�.c�pa1 of�he Nate; and
<br /> Fifth,to�at�charges due unde�° thc N�tee
<br /> 4. Fire� �I��d and Dther Haaard Insu�'�t�Ce. Bor�r�wer sl�al�ins��re al�imp�ove�nents o���he Propert�, wl�etlaez
<br /> now�n e�.�s���1ce or subsec�l�eiatly e�ect�c�, a��.inst an�hazards, cas�ual�i�s, and contingei�cies, includitag fi�re,foz�
<br /> w�ic�h L,�nd�r re�i�zres ins�.�ran��. T`his ir�surance s�iall b�ma�ntaine�l xn the �moun�s and for t�1e pexiods that
<br /> Lende�°rec�ti�ires. Bar�row�r shall a�s� insu�� all improvem�n�s �n the Froper�y, whether now in�x'istience or
<br /> sub,�ec�uently ��ect�d, aga�ns� loss b��.aods �o �hc �xtent r�quit�ed by the Secretar�r, A�1 i��sur�.nce shal�be
<br /> carricd wi�l�co�xa.panies a�pro��ed l�y i.�e�d�t°.The i��su��ance palicies at�ci any xenewa�� sh�.71 be held b�r Tlen�er
<br /> anc� s��a11 ir�c�lu��e loss �aayable �laus�s in f�,�or of;�.nd in a form�ccept�Ule �a,L������•.
<br /> Zn t�i� �v�nt aF 1oss, Borxawer sha11 give L�-nde�i 7mmedia�e notrce b�r mail. L�nder m�.y make�roof o�'loss if not
<br /> marle promptly by Bo��•�we�.Each insu�rance cornpan� conce�rned is he�eby autho�rized ��ad �7rected to m��ke
<br /> paym�n� for such loss direct�y to Lender,instead of�o B�r�ra��v�r and��Lender join�iy,A�1 ar any paz-t❑��he
<br /> insura�.c� p�oc�eds may be�p��ied ��Le�.de�, at its ap�iar�, eith�r�a}tU the re�uct��n of the ind�b�ed�ess unde�
<br /> �he Nafe an�.�h�s SecLtri�y Ir�strl.�rnen�:, f rs�ta any d��iric���ent a�naunts app�zed in the or��r in pa�a�raph 3,and
<br /> ��en �o pr�paymen� of pr�ncipal,ar�b}ta the r�s�oratio� or repair of the damaged P�ope�ty, Any app�icat�on of
<br /> the pr�c�eds �o the principal sha11 r�at e�tend or pos�pnne �l�e due �a�e of the xnont�al�r pay��ients �hich are
<br /> r�ferred ta i1�pa�agraph �,ar c�1a11ge �h� a��la�int of su��a paymel�ts, Any excess r��s�.irance �r�ce�c�s over ai�
<br /> axno�.�n� rec��.�ir�d �❑pa��a11 out�ta�7ding i�.de�tedn�ss under t1�e IVotie and th�s Security Instrument sh��i he pa�d
<br /> �o�he entity legally en�i�led �h�teta.
<br /> In the ev�n� flr loxeclasure ❑f this Securi�y 7nstt-�.tmei7� ox�tl��r�ransfer af�i�Ie to���e Praperty tha� extingLtishes
<br /> t�e i��d�b��dness, �.Il righ�, �xt���.nd ir��e�est of Bar��wer�r�and�a insura�ce pal�czes in force sha�l pass ��the
<br /> p�.�rcll�sere
<br /> �NA Dee�vf Tru�t-N� 4196
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<br /> V'Jolters Kluwer�inat�ciaf Services P�ge 3 of 10
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