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<br /> ° Y Lendcr may, at any tlmo, colleot and hotd emounta tor Escrow Ilems in an uggregato omount not to nxcacd tho me�ximum �::
<br /> emount thai may 8e roquired for Bonower's saerow aocount und�r tho Rcal Estato Set44ement Proceduroa Aot ot 1974,12 U.3.C. [,�_:_.
<br /> �2fi01 ��„e9,and Impiemunting regulaUona,24 CFR Part 3500, ao thcy mpy be amendod from timo to timo ('RE3PAry, exccpt f;�:.,.
<br /> that tho cushion or reservo permfttod by RESPA tor unanUctpated dtsbursemc�nts or diabursemento botore tho BortowcPs �:_:
<br /> , payments aro avallsbio ln tho nccount mny not�o buucd ov►umounta duo tor the modgugo inaurunca pramtwn. ����,:.1
<br /> �{ It the amounte held by Lender tor Escrow ftems exceed the amounts pertnitted to ba haid by RESPA,Londer sha�l aecount ��_
<br /> ' to Sorrowcr tor tho oxcoss lunds as�ca,ulrcd by RE9PA 11 the rimounts at fun�a held by landar at uny tlme are not sutfteleni to f-
<br /> ,�� pay the Eacrow Itema when due,lendar may notlty the Borrower end require 8orrower to mnke up tho ahoreage as pertn{tted by
<br /> �e RESPA '��'-
<br /> �.i ^ ' The Eacrow Funds aze piedgod as addiUonai securtty tor ali suma secured by thts Seaudty Instrumen� It 8orrowe►tenders !____
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<br /> to Lender tho tuil payment o1 all suoh suma,Borrower's aceount shell be ercttdited with the balance rema�ning tor atl installment
<br /> 'h�•"�`� Items (e), (b), and (o) and nny mortgage Inaurance pmmtum Instatiment that Lender has not become obliga2ed to pay to the
<br /> � �.
<br /> Sacreteiy,anct l.endsr ehatt prompty rafund any c�ccese furtda to 9ortower.�mmedtatety pdor to a to�ectosure sale of the PropaAy '_
<br /> x or tta acqutslUon by Lender,8otrowePs account ahail be orsdited with a�Y batanae remaining for aU installments tor ftem3(a�,lb)�
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<br /> ,� $.Appileation of Paym�Me.AI�PaYn►ents under Paragrephs t and 2 sheU be applled by Lender as fNtows:
<br /> F'iret,to tho mortgage Inaurance premlum to be paid by lender to the Saeretary or to the monthly charge by the Secreta�y
<br />- � Instead ot the mor�thy mortgage Insurance premSum; -
<br /> � �eCOnd, to any taxes. sPedal assess�ts, Ieasehoid paymente ar ground rente� and ftre, ftood and other hazard
<br /> �:�� � -- Insurana�premtuma,as re4utred;
<br />=�:'��'�.�"';: Thtfd,to tMarest due uRder tho Note;
<br /> " FOttrth�to eunortlmtion M the pAnc�pal of the Nota;end _
<br />-• ,c���,r Flfth,to{ate cherges due under the NoYa. _
<br /> � "' 4. Flre. Flood and Athor Hazars� Insurance. eorrower shall Insure ea tmprouements on the Propadyr, wnmh� _
<br />�;'•.�;u�� hemrds, casualttes, and cor�Ungendes, includfng flre, tor which Lender -
<br />_;_;��y�,:=� - now In m�stettca or subsequently ereated,aSafist aTN ...
<br /> ,,c-,�� requtres insurance.'Ttds t�surence shall be mafrdalned in the amourds and tor the periods that Lender reqphes• Borrower ahali -
<br /> eiso Insure atl [mprovements on tha Properiy. whether ncsw In extstenco or subsequently ereated 89af���g by floods to ths
<br /> •=-.`Y': e�dent required bY ths Secretary. All insurance shail be canied wtth compantas apProved by Lender.The Insurance potides end
<br /> ---_�°��'"'�
<br />'��s�,��� any�ewais sAall be heid by lender end shail tn�luda losa payabte dauses in tavor ot,and in a tortn acceptahte to,Len er•
<br /> - -- !�tts�ar.�s! o! loss. 9orn!wg s� 4Ne Lender tmmedtate notice by matL Lender may make proot o4 loss R not made ,
<br /> =`v=°��� . promptly by Borrower. Eact► insuranee eomAany �oneemed is hereby autho�ized and dtreated to malce payment im such ivss
<br /> �;:�.� of tne Insurance proceeds maY be applted by
<br />- --•n:.���� dfreatly to Lender, instead of to Bortower end to Lender jotnUy. All or any part _
<br /> --inl':R)K�l�
<br /> ,,:�, tRnder,at its opUon. etther(�to the reductlon of the (ndebtedn�ss under the Note end this Seeurlty Instrument, rat te eny
<br /> �^�;{;.;
<br /> .-----::�,;�� dellnquent amounts appUed tn tho.mr8ar tn Paiagraph 3.end then to PrepaYn'�c�nt m pdndP�1,or(b)to the reawratian or r�pair o1
<br /> - -_---= the damaged Property. MY ePA8+�1ion ot the proceeds to ffie pdncfpal ehali nct extend or postPone the due deie of tAe _
<br />�_=----�°� monthy P��� which are reterted to in Parag►aPb 2, or change the amaimt of s�ech paYmet►te. A►►y oxe�ss tnsurattce _
<br /> _--�-:_�� proceeds over en e�nou�t requUed to PaY aN ouis�nding tndebtearess under U`�v Note and this Seoudly lnstrument ehe11 be pald
<br />-_-:���'•�,-j�� to tho entriy�egelry entmed thereto. that exHngutahe;s the
<br /> "�r-�� In the erent of toredosure ot this Security Instrumertt ap other trsnster of Utle to the Propecty
<br /> indebte�tess,ell dght,title and Intetest of Botrower in end W insurenee poUdes In brca shall pass to the purehaser.
<br /> S. Cccupancy� Preservation� Matntenanae snd ProtecGon of the Property; eorrowsr's laan
<br /> _ - Appltcation; I.se�eholda Bomo+r�er shall oacupy. estabtish.end use the Propeity as Bortowere prlrtdpat reatdenee wtthin
<br /> .`i� 6pRy day8 elte�r the mcecuUon of thts 3ewrfty tnstrumertit(ar within sUdy days of s later sele o�transfer oi the PropeAyl et►d ahnN
<br /> continue to aeeupy the Pro�!as Bo�mwe�'s pdnolpal reafdenca tor at teast one yeiv afier the dato ot oecupue�y, unless
<br /> �— Lenda dsterm(nes that reW:rement wAI cause undue hardship tor Bomower.or uniess e�enuaUrtg dreumsteu►ces e�dst which ue
<br /> �.. beyond Boirarres's ect�trot. 8anower sheA notNy Lender ot eny wdenuaUng circumstances.8ortower sha{I not eomm[t wasto or
<br /> --- - de�VoY. dama9e or subatsnt'alty ehange the Frap^,.rty ar Nlo�i the Property to detatorate� rensonabte wepr and teer excepted.
<br /> --- - - ���������e p�p�y K�he pmperty ta vaeant or ehandoned ar the loan ts in defau�. Lender may teke reasonable -
<br /> ----=-- s�Ecn Lc pseL«"t s��!praserve suoh vacsnt or abandoneu f�roperiy.8onuw�shat r�c ha«���+!it 4t 9o!mwar, A�utna�P,a faail _-
<br /> --- appileatEon process.8ave matedally 1a►se or inaccurate IntomnaUon or statemer►ts to Lertdef(or faiiea m proxiiie Lanim�fi at+Y
<br /> maReriat intortna3lan) in connedion with the lo�n�ldenoed bY the Note,tncJuding, but not Iimfted to.represeM�ttona concerAt�g
<br /> Bo�ower's ocCUpatte.Y vi the Propetty as a ptlridpsl resfdenCe.B thts Seattily tnslrument ts on a loasehotd. Boirower shall
<br /> - compy wfth the provlstons ot the I�se. tf Borrower acquirea tee tiHe to the Properh.the lsasehoid ertd tee tlUe sha8 nbt be
<br />- -�. .:��,$ merge�unless Lertder agrees to the merger in wdW9.
<br /> =-=�� B. COnd8mn8Non. ihe proceeds ot afly aweud or c{�M tor damagss�dln�et or consequ�tlal. In cortrteetton with any .
<br /> �;� ud
<br />- - •°.�;;.�'��y,1 •:.� . candertmadon or other taWrtg of am►Part of the Ptoperly�or tor aomeyance tn place ot oandemnffiton,era fia�+eby assigned artd -
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