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<br /> � . If the iunounta held by I.endcr for�es:ro�v ltcnts cxcccd the nmaimta parmiued to b�held by RESPA, Lendar ;
<br /> ° �� ahall eccount co Bonower for tho excena fu�dn aa cequlird by R�9PA. �f the nm�nunts of Ponds held by Lcnder at nny �"�!��
<br /> time ura not suiticicnt w pny tiiti Bscrow ite�us wi�cn duc, l.enslce mny notlfy the Bosroti��er�utd require Bnrrnwer to ti. _,
<br /> , rnake up the shortage as permitted by R�SPA. • -
<br /> � �^,,..�-�-�-j The Escrow Fund� are pledged ua ndditionul eccuriry for n11 suma secured by thia Security lnstrument. If
<br /> "�^�'�""" '' Borrower tendecs ta l.en der t t►e t h l l puycnen t o f a l l a u c h a u m a, B o r r o w v t's a c c o u n t s h a l l b c c r e d t t e d w i t h t h e b a l a n c e =_-
<br /> ' �"a` " remaiaiag for all lnstallment(tems(n).(b),atd(c)nnd nny rriortgngo innurtuue pre�niwn lnatallment that Lendcr bas -=-
<br /> � �� � not becortte obligated to pay to the Secretnry, and L.ender sUull promptly refund aay eacess funds to Harrower. -_
<br /> � Immediatety prior to a forectosuso anle of tha i�roperty ar fta ncquisition by L.eader,Bonower's account sha11 be _
<br /> credited with any balancc�remnining for nll iaswll►uonta Por iteme(n},(b),und(c>. ';;�;�;;:=
<br /> " � 3.Appllcation of Poyments.All paymentn undor pnrABrupha 1 tutd x ahall be nppifed by I.ender as follows: �;%;�•
<br /> ' ;;�.�,; �, ta the mortgu�e insurnncc premlum to ba pnid by l.ender to the�ecrctary• or to t�e monthly charge by tho ;f�;y;;,
<br /> °���;;.�«'. Secretary iusteacl of the moathly mortgnge inauePnco pmmium; .�.r,'t;�;
<br /> S, ea►nd.to any taaes,dpecial aascssmonta�leasehold pnymcnts or grouced tenu, and fire, fload and other hazard � ���
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<br /> _ insurance premiums�as requlred: ,�.,r,_
<br /> ' ' ° • �j�.to Interest due under the Note: -'"�"
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<br /> : � .. " ��� c � h�,to oaiortlzatton of the princip�l of the Nota;and _.��f'.
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<br /> ' �l.to late chargea due under the Note. "`;''
<br /> ` � 4.Tlre,F�ood c+ud Other Ho�nrd Insuranco.Bon�tiver aholl inaure uil Improvements oa t�e Progerty.whether ,,,�.'
<br /> now in existence or subsequently erected,�gainst any hazarda.cuawiltles,and contl��eactes,inctuding fire.for which ,�.��,,.;
<br /> . ' Lender requires fasurunce. This insurance shall be malntnfned in the nmounte and for the perlods t�aa Lender �,.�_:�__:
<br /> ' requires.Borrower shall also insuro all improvements on dis Propecry, whether now in eaistence or subsequently ""
<br /> � ` , erected,against losa by tlaods to the eatent required by the Serretary. AII lneurance shall be civried wlth companies �``�
<br /> approved by Lender.The insurance policfea uad uny renowals ahull be held by�.end�r nnd ehuil include loas payabls �'�rtii�:
<br /> " clauses ia favor of.and in a fosm acceptable to.l�snder. ��'�:
<br /> In the event of loas,�orrower ahail give Lender lmmediate nottce by mull. Iander atuy mnke proof of l�ss if bot '';;;;'.
<br /> •=,,� made promptly by Borrower.�ueh insurannce wmpany coucceuai le rie�cYry aatie�d��l u�s!dirxtad to szts�e ps;mta�i �, :_�
<br /> � '� ' far auch loss directly to l.ender. instead of to Borrower tutd to Lendor jointfly.All or nny purt of the insi�rauce �_
<br /> proceeds raay bo applied by i,ender. at its aption�either(u?to the reduatts�of thc indebtedneas uador the Note nnd —
<br /> " . , this Security Instnunent.flret to any deiiaquent amounts npplled In tha oMer in yarngtnptt 3,und then to prepaycnent ��-�
<br /> � � of principal.ar (b) to the reataratioa or repair of the damaged Property. My upplicution of the proceeds to the fC+7ds��
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<br /> „ principai ahall not extend or postpoAe the due date of the monthly puyments which nto reiettsd to in pur�raph 2.or a<�:,.
<br />,.,.....k , '� change the amount of such puyments.Any eacess inaurence proceeda over rm amrount rcc�ufred to puy nll outstandinB _�.,
<br /> - ittdebtedur�s under the Note ead this Sscuriry Instnuaent sha11 be puid to the enNty legaity entltlea thereto. .
<br /> _;==;�r_��- � f In tb.e event of foteclosute of this Securiry Instrumeat or ott►er trunsfer of tidu to the Properry that extinguishea W-,�:;,
<br /> ' ' t�e iadebtcdness, nll right. title aad interest of Borrower in nad to insurnnca policles tn force ehnll p�ss to the ��•;
<br /> �r�.�::��t�.., purcliaser. � �"°-''
<br /> --_:-�:_�.?� S.Occupancy,PreservuHon► Me6¢�tenunce nnd ProtecNon of tho Pvoperiyt Borrowers Loarr AppAcattam; ,.
<br /> �,� Leaseholds. Bomower shnU occugy.establish.and use the Pmperty t�n Borrower's pdncipai rtstdcnoe wfshin stxry
<br /> — days after the executton of thia S�curiry Inatrumant(or witbin sixty daya of n Imcr sale or uansfer of the Ftaperty) '��..
<br /> �;��+� ' and shall cant�aue co occupy the Property es Borrower's principul residenee fotat least one yenr nfter the dnte of �,'
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<br /> occupancy.unless Lender detera�in�that re�nfrement will cause ur►due dardahip for Borr�w�r.or unless exteauating ��--=
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<br /> -,�;'t�`� circwmstancts exist which ae+e beyond Borrower'a wntrol. Borrower shatY notify Lender oY nny eatenundng ���,
<br /> �:� �: circumstances. Borruwer shall not commit weste or desuoy.dumage or substantially change tke Property or aUow tho ;
<br /> �SL�`_^.�_ Property ta deteriorate,reosonable wear aad teaz excepted. Lender rnay insgect tho Praperty it tha Ptopeny is vucont ���:.
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<br />�- __� or Ab.�ndoned or the M�n iR in defautt. L,ender may take reasonnble actton ro protec► and preserve gach vncant or 4�,-;._
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