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<br /> -- If the au�ouata held by Lender for Bscrow ltems excee6 the amotuns per�nitted to be held by RESPA, Lcnder ,,�
<br /> - sbiill nccouat co Borro�eer for cha excess fiuids as reQufred by�tESPA. If the amounu�of Ei�nda hetd by l.ender at any
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<br /> � time ure not sufticlent to pay the Bscrovsr ltems whPn due, Lx�tdYe iuxy notify Qic 8orrower and�cesjuire Rorrouver to . y�.;�
<br /> matce up the ahortage as psrmitted by R�SPA. .,--
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<br /> - Tke Fscrow Funds fue pledged os cddidannl seturity for nit sums secured by thia Securiry Instcument. Ig ij
<br /> � � � Borrower tenders to Lender the full payment of all such a�uas,Borrower'n arcouat shaq be credited with the bntance ,�;.,
<br /> � remsiWng for all instnll�tent items(a),(b),and(c)nnd eny mortBage inaurar►ce ptemium inst�►lllment thnt Lender hus
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<br /> � not be�ome obHgatod to pay to the Secretary, aad Leader shtill promptly refluid auy excess funds to Horrower. �;,
<br /> Immediately prtor to a foreclosure sele of the Property or its acqulsltlon by I.ender, Homnwcr's eccoimt sh�ll bu t"^.,,�
<br /> credtted with auy balance remainlnB for sill iastallmenta for items(A)�(b),and(c). ;•,;�-
<br /> "' 3.AQpl�cution of Puyments.AII paymenta under pnragrnphs 1 aas!2 shatl be npplied by Lender ps foilo�vs: �yr;Y
<br /> �,ro the mort�age Insurrmce pnzm�um to b8 patd by Lender to the Secreu+ry or to the monthly charge by the ���•j,_
<br /> SQCreturY Instead of the montbly raortgage insurauce premiuxu: ta or und�+eats.and fue�tload and other hazard '—
<br /> R�. Seaond� to any taaes�spectal assessments�leasehald PaYa�n 8t° �".
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<br /> insuseuce premium.g,as�4ulred; �,�-�
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<br /> �ii�,to interest due under the Nota; �.,;�,
<br /> . ... � j?g�t. to amartiration of the prtncipal of the Nate;aad =.
<br /> pj�ty to laze cherges dus under the Note. wh�� R '`'
<br /> 4. Ftre.Flood und Othrr Anzerl�Insurunce.Borrower s6aU insure aU impmvements on the Propeny� &.'.�._:
<br /> . {� � now in existe�sse or subsequently erectad,against any har�uds.cF�sualties��nd contingenaies.lncluding fire.for wldch _
<br /> . '� � L E a der requ i r e s i n suran c e. T t il s i a s u r a n ce shall be maintaln� la [he amounts and for thc periods that [xader �;�;�_�
<br /> requires. Bormwer shaU�tao insures all lrupmvements on the Property, whether aow in e�istence or subsequcndy �::.
<br /> � . ec�ected. against loss by iloods to the extent reguired by the Secnetary. All Insurance shall l�e carried with comP�es �'u;�`I
<br /> appmved by Leader.The tnsurt�nce policies$nd any reaew:�s shall be deld by [.ender ead shall iaclude loss p�y =_
<br /> r � claases in favor of.and ia a fotm acceptnbie to,Lender.
<br /> � � Ia the ev�nt of loss,Bornower shall give Leader immediate nottce by mail.Lender may make praof of loss ii aot
<br /> � poa�e promptly by 8ormwer. Liach insorance oompany concerned ia hemby awhorinai au�3ir�t�t�Ass:e FsY�'- _
<br /> ::,.,:: j y art of tLe iasurt►uce
<br /> . ;,a:� for such loss du+ectly co l.euder. iastead of to Bormwer and to Lender ointl . All or aay p __
<br /> ''?'� ., �rsnc�eds may be applied by Lender�at ita opdoa.eitt►or(a)to the reduction of the lndebtedness under the Note and
<br /> thia Securttyr Ins[rumeat.fi�st w any delinquent amounts applied ia the offier in para�rnph 3.and then to prePnyment
<br /> " " of prl�acipal. or (b)to the restoration or tepair of the damaged Property AnY aPP�t��on of the pmoeeds te the —
<br /> principal ahali not extend or postpone tha duo dute of the monthly payments which arr refeired w In psrn�raph 2.dr
<br /> . change the amount of such Payments.Any exoess insuranoe pmceeds over en amount requiced to PIIy all outgtanding -----
<br /> �� iadebtedaes3 under the Note suid tbi.g Securicy[nstium�t►t ahall be Qa[d w the entlty lo�ally entided thereto. __
<br /> �" In the event of fareclosure of thia Secudcy iasuument or other transfer of ddo to the Propsrty thnt extinguishes -.
<br /> � the tadebtedness. etl right. tide and interest of Borcower in anA to lnsurance poltcies ia forcc eh�li p�ss to tl�e _
<br /> , . purchaser. licattoa;
<br /> %'����� � S. OocaPanci',Pres�vatiom.Mainteaance and P�+niectton o8 t6e Penperty: Borrnwer's Luar►APP
<br /> �"..�•I.„•;.� Y.easeholds. Borrower ehr11 oxuP9,establjsh. and use the Propeny as Borrower's principal residena withta si�ctY
<br /> ` :""',::�`.: • daya efter t�e excxutlon of this Secudty Inswment<or within siaty days of a latar sale or transfer of ttte Pnmperty) --
<br />. �����ue��py �e pcopEny ay gotroprer's prlacipal res[denoe for at least oae year efter the date of _
<br /> _ • � occupancy,unless Leader detetmines that requirement will cause uadue hardship for Borcoaer�or unlesa extenuatia8
<br /> . �t"�'I " circumstances exist which ace beyond Borrower's oontrol. Bomu�ver shall notify Lender of any extenuatiag --
<br />-.',",,..... eircwnstances.Boimwer shall aot commit waste o:dcstroy.damage�r substantially change the Pc�eperty or a11ow the =-_
<br /> _,i���``;� . .. ProPertY to deterlornte.c+easonable wear and tear eacepted.Lender m�'y inspect the P,ropeny if the Pnoperty is vacaat �
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<br />�,r,.;��:....: or aba;�douc�or the loan is ia d�fautt. LPnd_n m�y takP reatc►nable action to protecR and preseive such va�►nt or �=4
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