2� 1 ��5�74
<br /> or th�is Security Instrument is returned to Lend�r u�paid, Lender may reqt.ure that any or al�subsequent payments due
<br /> under tbe���e and this 5ecur�ty�nstrumen�be made in�ne v�r more of the fallowulg forms, as�elected by Lender:
<br /> �a�cas1�; �h}xr�o��y arder; �c}�e�rtzf ed che�k, �a�check, tr�a�ur�r's e�ec1�ar cash�er's chec�, prc�vided any such
<br /> check is dravv�a upoxa an insti�u��an w�o��d��a���ts���r�sur�d by a f�d�ra��g��.cy, instrumental�ty, or enti�; ar�d}
<br /> �l���raruc Funds Tra�f��.
<br /> Paym�n�s are deemed re�ei�ed by���rder�����e�e��et�a�th��ac��iar��es��at�s��x�t.�ae Nate�r at�uch a�he�
<br /> �ocatian as ma�i��desi�ma���.b�Lenr�er�in ac�ard�����t��h�n��i���rQv�s3ons��.Se���nn 14. L��d�r n�a�r�t�r�
<br /> �y payxnent ar part��1 pay��r�t��'the p�y����or part�al pa.���ts�r�i��uf�ci�n���b�r��a��ie I�a���urr��at. L�nd�r
<br /> ��y accept any�aym�nt�r ��taal p�y��n���s�fieier�� �o�r�ng t�� ��an cur�en�, �i��ut �Ta�ver a�'an�r��at�
<br /> her�eundcr ar pre�udi�e t� i�� r��ts t� r�fus� ��c� ��v��ni or p�.r�i�l ��ya�.��zts i�. �he �ature, '��a� Lender i� x��t
<br /> ob�iga�ed tQ ap��y�uc�.p�.�me��s at�he tizne such payk��n��ar�a������d. �f each Peri���Pa�e��is a�p�ied a�of
<br /> �ts�c�.eduled due da�e, �h�n L�e�d�r n�e��a�p�v int�rest o�una�piied funds. L��d��rr�a�h��d�u�h u�applied fun�is
<br /> untii BQrrowe��a��s p���r�.�n.�to brin�t�a.�Lc�an�u�r�n�. �f�orrav���r daes na�d��❑w��kun a reas�nable periad o�
<br /> tin�.e, Lender s�ia1� either�pply su�h f�nds or r�tuz�n th�rn to�o�rav�e�. if not ap�li� �arl��r, su��i funds vvi���e
<br /> applied t�th�out�tandi���ar�n�i��l bai�nc�u�n.de�the N�t�immediat���r�arior t�f�rec�o�v�'e.�o off��t or clairn vvhich
<br /> Borr��er rx�i.g&��have na�r�r in the future a�ain�t Lender�ha��rel�eve�orrower fram rnaking payments due ur�d�r
<br /> the Note and��.is Secur��y I�.strumen��r perf�rming the co�enants and agre�rne�.ts secured by this Secur�ty Instrument.
<br /> 2. Appli�a�i�n of�'aymen�s a� Prviceeds. �xcept as otherwise descri�ed in �h�s Sec�ian 2, all pa�me�ts
<br /> acc�pted and app�ied by Lender shall be app�ied in the follQwin�order af�riarity:
<br /> First, �o the Mortgage�nsurance premiums�to be paid by Lender ta the Secretary or the monthly charge by�he
<br /> Secr��ary instead�f the monthly mortgage insurance premiums;
<br /> Seco�d,ta any t.a�es, specia�a�se�sments,leasehold payments ar ground ren�s,and fire,flaad and other haza,rd
<br /> insurance pr�miums, as required;
<br /> Th�rd, to intere�t due under�he Na�e;
<br /> Faurth, to amorti�ation of the principal af the Nate; and, Fifth, to�ate c�arges due u.nder�he Note.
<br /> Any application af payments, insuran�e prac�eds, or Miscellaneous Pro�eeds to pr�ncipal due under�he N ote
<br /> sha�l nat extend or pas�pon�th�due date, or change the amount of the Periodic Faymen�s.
<br /> 3. �uads�or Escrodv Iten�s. ��rra�ver sha�l pay ta Lender an the day Periadic Payments a�e du�under the
<br /> I�ote, until rhe Nate is p���d�a full, a����h�"]�unc�"�t��r�vic�e for pay�nent of amaur�.ts due for: �a}taxes and
<br /> �s�essx���ts and ath�r it�xrzs�=h�ch eaz�at�a�a.�riorit�o��r��.s�e�uri�I���ru��ent as a�3en�r�ncuxnbrance�n�.e
<br /> Pra�ert�, ��} ���s�hQ�d p���flt��r g���nd�•�n�s�xz t����e��er�yF i�'��; �c}pr��i�.��or ariy�nd all insuranee
<br /> require�i��T Lend�r unde�������ar�5; and�d��ar��a�����a�c����n�i�as t�b�p�i�d b��,en��r��t��5����t..�.rryr o�
<br /> �he�anth�y�k�a��e b�th� �e�r�t��x����ad af t�ie rnv��h���I�ortg�..���n�uranc�pr��.itams. 1 hes� ��en�s are���1�
<br /> "��craw�remso" .� �ri�i���i�� �� �t��time du.r�x�� ��e t�rn�of th� ���.�., �.�n����a��requir�th�� ���x�mt�n�ty�
<br /> A.s�aciat�vr��es,F�e�,a�.d.�s�s�s���s,i�any,b��s�r����d b���rr�v�re�,ar�d�u������,f��s ar���ss���xn���ts��.�1�
<br /> be��Escr�w����, lB4r���v�r s�a1��rv�x�p��y�u.��s�.�����der a��n��i�es�f am.au�.���o��e paid ux�d�r�.iS��cti��.
<br /> ���ravv�r�h�1 p�y Lend�r th��'unc�for�s��'������r�����ss L�n�er v��iw���ar�ro,w�r'���al����i��to�pa��a��'und�
<br /> for any ar a��Es�r�vv Iter�s. �ender may�raiv��3��rra����'��b�i�at}�� t�pay ta Lez�d��F'ux��t�for ax�y Qr a11 EscrQv�r
<br /> �tems at�y��m�. An��uch��.iv�r rna�on�y be in w���in�. In the e���.��f su�h wa�v��,F�orr�u�ex s�a���ay d�r�ec��y,
<br /> w�en and v���r�}�a�able, �i.e�n�ount�d�.e�or any�sc��vv�t�n� �`�r�v�i.ch paym��t of Funa� ha�be��E�a�ved by
<br /> Lende�and, if L�nd�r requir�s, s�xal��r�x�h t��,en�er r�ceip��e�vid�ncing�uch p��rr�e�.t w�t�in such ti�r��period as
<br /> Lender n�ay re�uix�. �c�rr��v��'����i��ti��t�rn���uch pa�m�n��a�d to�rav�de rec�i�ts shall far a��purpas�s be
<br /> de�rx�ed t�b�a eave�an�a.r��a�x��r�a���co���in�d�n th���e�������trur���t, as th��1r��s�"�av�r�ant and agr�err�er�t"
<br /> i�used�n�e��i�n 4. �f B��ro��r is�b�������.to�a����r.�w��e�n�dir��tl�, p�.r�u.�n�t�a�v�i�er, an��3orrfl�ver�ails
<br /> to pay�he ax��u�t du�fQr�.x�Es�r�w�����, ��na�r�:��a�����e�se i�s ri��f.�r.�.nd��'�ecf�c��9�n��ay�u��amo�t�.�d
<br /> ���-i-a���r s�.aIl������bl�ga���.ux�der S���tx+��.�t�r�pa�t��e�der any���h�.moun�. i..e�i��r nlay re�r�ke the w�iv��
<br /> a5 to aily�i�a��E�G�'��u It��S�t��y tim.����n�7tiiC�����n i�a��c�g�ata��w�����t�Q� 1�a.�.d,u�ax�su�h revucatiQ�,
<br /> �arro�����a�l pay t�L�nc��r a�l�'�nds� �nc�i���cr�a�a�u�.ts, t.���are�h.en x eq�x�ed�n�er th�� Secti�n 3.
<br /> �fE�R��!���H�.����`�F���T- ��F.�� _. . . .�..,...�.�.. ����a���c � �_,�
<br /> ��3QY,��.FH,� Q9114i�� ���� of �� �►w:��rr�agi���r�
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