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<br /> If thc mnaunts hcld by Lcnder for 8acma Itcros exce�:d the nmounts permittcd to be hcld by RFSPA. Lander .:
<br /> shnil account ta Borrower for the eacess ti�nds na required by R6SPA. If the amounts of thnds held by Lendor nt nny �i :��-;
<br /> timn aro not auEftcient to pny che�scraw ltems when due. Lendee may notity the Bonov�er nnd requ�re Borrower to � `"'.
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<br /> mnhe up the shortage ns permltted by RESPA. � ''��
<br /> The �scrow Funds aro pledBed na ndditioanl secucity for �ll sums secured by this Secudry Inatrumant. If ,.
<br /> ° �..�';�;;k:� Borrower tenders ro Lender the fltll FAyment of nil such sums.Borrower's uccouttt shall ba credtted wlth tho bnlancts ; . •;
<br /> ��r remnining for att instaliment Items(a),(b).And(c)and any mort�3ugc inaurcuace premium inatullment thnt I.ender has : ;,�'
<br /> ' „ not hacome obliBated to puy to the Secretary, nnd I.ender shull prompdy netti►nd uny excess funds to Barrower. � '.;l;
<br /> � Ienmedia!ety prior ta A foreclosure saie of the Pcoperry or ita acquisitioa by Lender, Bonower's accaunt ahnll bs
<br /> , ' „,, credited with any bNanc6 remaininb for s�il instaltmenta for items(a),(,b),and(c)• , ':��-
<br /> , •- 3.Applisttdon of Poymente�All paymenta under paragraphs 1 and 2 shall be upplied by Lendcr as followa: ���,_'
<br /> • �.to the monga$e lnsurnnce premium to be pald by l.ender to the Secretnry or to tbe monthly charge by the
<br /> � Secretary instead of the monthly mortguge insurance premium; ���;,..
<br /> ' ' ��,to any taxes,special asaessmenta.leasehold payments or ground rents,aad fire,fload and other hnzard ; .�,..
<br /> ; 7, inaurance premtums.es rzguired;
<br /> .. ... �ij�,to interest duc under the Note: �,-
<br /> , o;. Faurth,to amortlzation of the principN of the Note;and : �:�-�
<br /> ., Y: �,ta late charges dae uader the Note. " �'� _
<br /> 4.bYre,�7oa�nnd�iher HAZard Iosurance.Sorrower shall insure all Improvements on tha Proporty.whcther
<br /> now in esistence or subsequandy erected.against eay hazarde,casut�Jlt�os.and wntingencies.including fire,for which
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<br /> :�_ Lender requires insuran��e. T61s insurance shall be maintained in 1he amouats and for the periods thnt Lende�
<br /> ' requires. Bornsuwer ahnl! ulso inaurc all improvements on the Properry. whether now in eaistence or subsequently
<br /> �,:.:,;�, erected,aga�nst los�s by tloods to the extent required by the Secretary. All insurance shall bc caated wtth corapaaies �
<br /> ..,,,r, approved by Lxuder.'Th�lnsurance policies and any renewals sh�ll be held by I.ender and shall inctude loss payabl�s
<br /> .��,:f Ixnder. ' -
<br /> ,5;+ . � clau�es in�'uvor of.and in a form acceptable to. :;__
<br /> „��. In the cvent of loss.Borrower shall give Lender immediate notice by muil.Leader may wake proof of loss if nat ;
<br /> ,.,`,�. - _ _�,_ �F��p�;�y g�n+nw4s.Fach inaurance company concemed is hereby sutttorized ond directed to make payment R--.
<br /> 'r� for such loss dltecd to Lender, instead of to Borro�ver aad to Lender jointly. All or aay psut of the insurauce �.__
<br /> '����'�"� � b�� proceeds may be applied by Lender.at iuc option.either(a)to the reducdon of the indebtedness under the Nate anc3 __
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<br /> `� . � �� thia Security Instcument� firat to auy delinquent amounts applied in the order in paragraph 3.and thea to prepaymenE
<br /> . � r�• of princip�l, �r(b) to the mstorntion or repair of the dawaged Property. Any application of the proceeda to tha �'--
<br /> ' 'li princtp�l analf aot extead or pastpoae the due date of the monthly puyuienta which are referred to in pnragraph 2,or :-
<br /> _ , '�, change the amouat of suc6 paymonts. My excess insurance proceeda over en amount required to pay al!outsttwdin� ;�
<br /> � � indebtednesa under the Note and thia Secudty Instrumont shall be patd to the entity legally entitled thoc�eto. f��-;�:
<br /> � In tite event of forecloswre of this Securlry Inattument or other uansfer of ttdc to the Property thnt extingutshes I����::
<br /> the indebiedness, t�il right,titic and interest of Borrower in xnd to insurauce policies in focre shall pass to tho E''
<br /> �-
<br /> .; Purchaser. �_=
<br /> _.,-'•�.. . S.OCCUpuacy.Pr�servntton� Muintenunce and Protedion o!the Fropertyi Dorrower's Loan AppficnUoni :...
<br /> ''�';�'�,� . Leraseholds. Burmwer sltull occupy.establish,and use the Property as Borrower's principal msIdence withia sixty =_--
<br /> `=,''.,' .°".', days sifter the ezecwion of this Secudry Instrument (or wiWin si�cty days of a later sale or trnnsfer of the Property) 4="':
<br /> ����"�� _�w and shall condnue to occupy the Propetty es Borrower's principal msidence for nt least one yea�after the date of _``
<br /> °,ti l.r�' y;�T�• ,�� occupaacy,wiless Lender detenaines that requ�rement wiU cuuse undue hardship for Borrower.or unless extenuatin� i.,.,
<br /> , ctrcumswnces exist which are beyond Bornower's conuol. Horrawer shall notify Leader of uny earenuating -':=
<br /> `,�;�it�� ' :;�� circumstances.Borro�ver sha11 not commic waste or destro}r.damage or substantiall change the Pro rty or nl9ow the :'"
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<br /> ;-�;P'•,;_, , ' Property to deredorate.re.�sonable wear aad tear excepted. Lender ma,y inspect the Pnoperty If the Propetty is vacant M�,---
<br /> '_ "�'.- ., �, or aband�net! or che toan is in default. Lender may tnke masoneblE action to pmtect nnd preserve such vscant or �,`.�'`"�
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