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<br /> ..�µ` `_ _ z �_ . � •Lender msy.at any time.col�t_and ho10 amaunts tor Escraw kems �en aggrepate amount not to ezceed the mvdraum � ,�-
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<br /> - �� . .- < , �` � etnoUnt Yhat may he requhed for Bortowef&esctow accouM under the ReSt Estate Settlemeet Procedu�es kct ot i974. 12 US.C.
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<br /> c �" � ' J t,. 24 CFR PaR 3500.as they may be emended from t�w tUri9('RESPA'�.e�eyt
<br /> , ..� , �260t e��gg ana impte�nenUng regutaztons. tUr� .
<br /> ���t r � that tha ashton or reserve pBrm�Tted by RESPA for unanUCipated Qisbu+seme�ts or disDursemants betoie the 8ortor�s � Y � , :
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<br /> ",c� ` p a y m e nts ere ava�bia in tAe aetonnt may�t be based on amounts Que tor the mortgaBe insuraace p�m. � ,,t �,
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<br /> ` . �'-,.� 2�,`� It t�e emonnts hetd by Len�r for Es�xow Ifems exceed Me emawds perm�ted to be held by RESP/4 L�der shaU aa:ourt � - " ..
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<br /> -'`y: -�'�":-`�•-`� ` to BOaOwet tOt the�¢e9s futids 85 wquUed Dll�A.N the emounts o!funQs held by LenQet ei eny tim9 ere not SuffiCtet�t t0 � _�-.�-;.-.v:
<br /> —����4 ' ,:`. .;a' PaY the Escrow Items when dua.Lender may rtotdy Ne Borrower and�e4uUe Bortower to meke up fha shcttage as pem�ed by � '.�_
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<br /> , � � �°- ` The Escrow furtds are pledged ea 8dddlonal secur@1►fat a0 sums seatted by this Seat►nY lnStcumenG M Bortower t e n d e t s = _ `
<br /> - `` ���� to L6nder the tuU psyment of aU stuh sums. 8ortawe�s aetouttt shell 6e creQ�ted w3h the 08tattCe tametnfing for a0 hsta�'s18nt �j 't' a'-
<br /> �.. �tems (8),(b). and(�)enG enY mortgege 6tsutenee 0�� tr►Sta�nent th8t lettd� hes not beccme obitgated to O8Y to tAe � � r, . y"�
<br /> �< , ; ' SECCetaryr.and LenQer shaD pmm�lly�efund anY excess fuads to Bortawer.Immed'�atety O�iOr w a toreclosure saia a!the Property ` �„ ,:� -
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<br /> ` L p, or @s acquisiUon by Lertder.Botrowers accoun!shall be eredited wRfi enY balance'cemsbtin9 tot afl fnstaibner�ts fot @ems(ab(bl _ `�
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<br /> • �'', : `. c."'.f 4. 3. Appllt�llO11 04 PBylit@/tt8.AO payments under Petagraphs 1 end 2 Sh80 be ePPQBd bY LenQ�es toDOws: � ':t4�.';',' ,-
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<br /> FI�8t,W the mortga88 u�surance premL,m to be D�by LenQer t0 the SecoefarY or to the maMAN cheBe by!the Secre�fi n ',>...
<br /> ���4 �i hstEad of the moMhiy mortgage Insurence Vremtum: � s� :< -
<br /> •` Seeond to en ffizes. sAecFdl a55essments. teesehotd peym�ts Of flrCUnd iettts. end fae. ftood end Other t�rd � � � -
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<br /> .� ��y Y' <: -,.- ?' UfSUtenCe P�ms.as oequired� ��'� �� -
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<br /> � ' � „ .; Thtrd�t0 UIt8�6SI d178 YflG@l�10 N0� t �'� `
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<br /> ''` � F011fth,to emorthatlon Ot M8 pr(nc�al of MB Note�and �
<br /> ��`� � Flfttl,to tate charges due under the Note. �.i� . Y,, '� -
<br /> �_-..._._ . :- .._x: 1 :_
<br /> :�_''� , .: ` ''' 4. Flre, Ftood anoi Other Hazard lnsurance. Bortowet sfia0 insu�a au improvements on ffie Property.wnether � - -- �
<br /> E., �. _z :
<br /> " :.'.�•. now a� exfstence or subaequently erecteQ e9a(nst any hamrds. �. and conting�cies, inch�dtng f6e. for whicA Lender � . •
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<br /> _ J�t •r r' requEres insurereca This fisurance SffaA be melntainea in the amonnts and tor the periods that Lender rs�ires.Bortower SfiaU
<br /> `• !�:�. . . ,?� aLao hsure aU imOmvements on the Propmty.whether ncw�+ e�tence or subsequen►N erected.against loss bY ftoods W the � ;�..�'_
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<br /> :.� , m� , :;.••r. �tent rsquired OY the 8aeremry�.All insuranCe shaU 6a cartfed w8h oompanies ePP�oved by Lettder.The�stvance PoQCies end �
<br /> °�r �-. ;`•. .` any certawats ShaO Ee heid by Lender and shall inCh�de IOss payabte ci9usea in favor of,end fn 8 tortn acCepffible to.LendOt. ,:"-."r:q.�r._..
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<br /> - � in the event of bss. Bomawer shaU give Lender bnmedmte no&e by ma0. Lender may make O�of of toss if not made ���t� �, 'i• "��'.
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<br /> r,, . ", pcompuY by Bortower. Each insurance eompanY concemed is hereby eutAOrtied an�d5�cted to malce paym�t far s�crfi loss - ., _.
<br />�,:� • , �.��::• d6eaty to Leader,Tnstead of to Bomcwer and ta Lender JoinUy.M or eny part ot the tnsu�ance praceeds maY bB eDAQed bY .�:. �:;,.;� r
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<br /> �`:. , Lender, et its optlon.e'dher(a)to the reduatton of the tnaebtedness under the Nota end this 3ecurfty h�strumen�thsl�enY '�,`�,� _'
<br /> Y�7 deUnquent amwnts appfted in the order in Paragreph 3.and then to prepaymer►t ot principal,or[b)to the restoratbn or repelr of ,
<br /> r::-�' ' �� • the dartiegsd ProDeAY• MY eDD��on of the Dro�� to the P�ctpal shau not maend or postpone the due daze o!the :';�:�::,
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<br /> -�. - - - -� monthty payments whicA are reterred to In Raragrapb 2. or ehange the smount of such payrtients. My m�cess insurance . _._
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<br /> ,.��,:_�1 : , proceeds over an aowunt raquhed to paY au outstandtng in0ebtedness under the Note and this Security Insuument sha0 be pald , :�;.,�
<br /> i �` "- ' • t0 the A(It3Y tegallY etttitied the(et0. < --z ��
<br /> ::.F•:-�-�`: . . In the event o1 foteetosure of this 3eCUrity tnsLrument ar Other trensfat of title to the Praperty that �tln9uisbes tha
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<br /> )���,:� .. ' - indebtedness.all Agf►L tRb enA interest ot Bortower tn end W insurence polk�es in torce shatl pass to ih0 Ourchaser. ....,
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<br /> � ��''°' ' � 5. Oacupancy, R�esenreUon, Maintenance end Protectton of the Properry; Bosowe�'s O.+oart �
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<br /> ``�.'°� � � , Applicatlon: �easeholda eorrower snan oceuvy.es�nsn.ana use ene Proverty es aorrowers oc�nc�r�s�ce wanm � _.
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<br /> ���:�:-' '+ '� s6Qy days efter the mcecudon ot thb Security Instrument(or w8htn sbGy days of a later eate or transfer ot tAe Prcpesty)end sha0 . _
<br /> ; ,. �. . :....:•_-
<br /> .;�;`,.' :,.. .... -•, ccmirtue to occuPY the Froperty es Bortowers 0�+�1 resUlence for at least one Year 8fter tde date ot accuAancY. untes9 _
<br /> -,5='.:••`•. ° . '� t�•' Lendet Celertntne9 tt18t tequifBment wf0 CeuSa undue hetd4hip t0I BOttOwel,or unless extenuaWt9 ctroumsfances extst whioh 8�9 ,,
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<br /> • �:�'�_ "� ' beyond Borrowefs control. Bortower shaU notity Lender of any e�aenueting ctrcumstences.BoROwer shaU not comm9 wasta or
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<br /> :.�,i�, ..:; ,;� ; desuoy.dart�age ar substanUatty ahaege the Property or allow the Property to deterlorafe,reasonebie wear and tear�teQ •
<br /> -, a•::-. • � Lender may inspeot the Property i1 the PropeAy is vacant or abendoned or the loan b in defauiL Lender may take reasanebi9 ','�t "
<br /> ' � ...:,,. . ',
<br /> �.�;�';'� •� ectian w protect and pres�ve such vacant or abandone0 Property.Bortower st�all aiso be in defauri H Bortower.durfig the toen
<br /> .�'; :, '..., . .. ..
<br /> ._� •,• � � app�CaUon procesa,gave metarlaiy fafse or inaccurate intormatlon or statemsnts to Lender(or faileA to provtde l.ender wfth eny
<br /> - - � materfal hformation) �n cannecpon with the loan evi�enced by the Note, Irtctuding,but not fmr�ed to.representaUons conceminp •
<br /> �s�..;'t;_•,. . � Bortowers occupancy of the PropeAy as a principal residence. M thb Securlty instrument is on e leasehold, 8orrawer shatl �
<br /> `i`���`'"-� � �. • � COmpiy wBfi the ptovlSiOne Ot t�e IeeSe. It BOrtOwer BCQulres fee tR19 to t�9 Prop9Ry, the iee5ehotd and te9 t�Ie Sh80 not be � _
<br /> ..'��.:'!1 . . _ j �' _ .
<br /> merged untess Lendet agrees to the merger in mit�ng. � .
<br /> . .��,A:;.::. . .
<br /> 1_.;'.i B. Condemnauon.The proceeds of any award or ciaim tor damages, d'ceet or consequentia6 m connscUon witA anY . •
<br /> :� � �. . � condemnation or other taking af any part ot the Property,or tor conveyance In place of condemneqon,ere hereby essigned arrd �
<br /> ._,:� .� shall be paid to Lender to the extent of the 1u11 amount ot the tndabtednesa that remams unpaid undeT the Not9 end thL3 . �
<br /> :.=�''� . � Security Instrument. Lender shall eppry such proceeds to the reductbn of the indebtedness under the Note and thb Securiry '� : •� �
<br /> ��; �;.. . • InsVument, wst to any delmquent amoums appl�ed h the order provlded tn Paragraph 3,end then to prepayment o1 prinetpaL
<br /> `1"�:... , . ._
<br /> �t= • ;4 • . ; My epplication ot the proceeds to the princtpal sha0 not e�Qend or po5tpone the due date of the monthy payments.vfhleA ere
<br /> .�' ' • � � referred ta in Paragraph 2, or change the emount of such payments.My mceess o�ocseds over an amount requ'ead to pay all �
<br /> .. ,,•., . . .
<br /> '' . outstanding IrtEebteQness under the Nofe antl this Seeurity InsUument shatl be paid to the entityr IegalM entitted thereto.
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<br /> 4:. .
<br /> �t�� � � 7. Charges w Borrower and Protection ot Lender's Rights in the Property. Bortowet BhaU pay e0 �
<br /> n.:.��.:... .
<br /> �:� , . . govammental or mun�cipal charges. fines and impositlons th�,t are not incNded �n Paragraph 2. 8ortower sha0 pay these
<br /> '' �• , � ,+ obligatlons on tane dlreciry/ to the entity whiCh is owee the paymen�If taiture to pay woutd adrrersety tiHeCl Lendets int6rast In
<br /> _�, �, • , , the PropeRy,upon Lendefs request Bortower Sha�l promptN�umish to Lender r@�gipts evidencirtg thes8 p8yrtseni9-
<br /> .�..::;:�t _ • . . ir BotiOwer 18fts to make these payments or tne peyments requYed by Pflregteph 2, or failS to peAortn any other Couonftnt4 _
<br /> i�,• ' and agreemants eonffitned �this Seeurity InsWment, or there is e lega�proeeeding lnet may sigNtieenth aHOet Lenders right9 h �:: •
<br /> ,�j;.,.;�. � the Property (SUCh es e proCeetltng in bankruptcy, for Condemrtation ot to enfGrCe Wws or reguiatlons).then Lentler mey do a�d t :
<br /> .� "r pey whatever �s neCessary t0 O�otect the value ot the Property and Lentlers rgtds m the Property. �nCluding peyment of texes. 4
<br /> +: ,
<br /> . �azartl msu�ance and other rtems ment�oned �n Paragrapn 2.
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