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200804595 Sec:rcwy. and ~ shall prompd:y Dll'tmi any CXl.lOllS funds to Borrowet". Immediately prior to a foJeClosure sale of tbe PJOperty or its acqWsilion by Lender,. Bonower's llCCOWlt sball be ClOJitCld with any llaIllo;e l"CllIIiniug tbr aU IrBtlillments for i10ms (a), (b), Il1ld (c). 3. AppIcadoa oIPayaeJd& AD paymmllll undcrP""l8"lp.... 1 lOt 2 sheD be applied by Lcodcr as follows: FIRST, to the mort,gllF iDsutaJJ:le pmmium to be paid by LeOOerto the SccI*'Y or to the monlbly cbarge by the Secretary iDstaId oftbc UIOIllbly mortaa&e iDIwaDce ~ SECOND. to lID.Y tlllrcS, spcciaIlIB8OS8lIlent6, \eaIeIIo1d pIl)'llIm'dS or tp:OIUId rellls, Il1ld tm:, flood aud otber buzald.insumDc:c pmmiums,. . mquired; THlIID. to btcrait due UDdct tIIc NtmI; FOURTH. to lIJDOIliza[lon oftbe piDciplll oftbc Note; IIld FIFI'H, 10 late cb8Iges due undcIr dill NoIc. 4. lire, Flood ad 0tIIer lbzIIrd 1Muranet. BOi1'OWU 1lbaIl1Dsure all implOvements on the PropGrty. wbcthcr now in cxisteu;c or subsequcDdy erected, against any bazluds. casualties, and oootiDgcncies. lncludlng file. for which Lender ~ blmuaDl:e. 'Ibis tnsunu:Ite sbill be .....mt:.illl!d in 1he IIIlOUIIl:B 8Dd for tllc pcdodr; tbat LcndeI" lllqWlc8. Bo~ IIball al80 iDSUre an hqlmvemmdll on tile Pmpody. whc1bar _ in cxlncnce or ~ ~ apiDIt toss by floods 10 the exteft ~ by the SectctaIy. AIl insunIJu: sbllll be ClIIried with oomplIIIieIIlIjlpIlMld by Lender. 'Ik lnsor8Ilce policlc& IlOd IllY aewaJs s:b8ll be held by LePdcr and slIdl include lass ..,abIe cIauIc& in ravor of. llD1 in a fann IIIlCI:plllbJll to, Leader. In the event of loss, Borrower shall give Lender ;mmeM"''' notice by mall. Lcmdclr may make plOOf of Iou if DOt lIlllde proroplJy by BolJDwc:r. &ch ~ CODIJl8llY amr.emed is hereby autborim:l and dIrcctcd to lIIIIko PlIYment for such lOllS dimctly to Lender. instead of 10 Borrower ml to Lmldllr jobltly. AD or lIlY JlllIl of the ilI8lIIllDCC proceeds JIB)' be IRJIied by Lender. at its option. eithm' (a) to tbe ftlduc:tion of tile inlIcbtccbI=ss uMer tile Note 8Dd 1bia Socmity J:DFtmmr.tit. fllIIt to auy ddQIqueDt 8IllOUllI$ applied in the onIer ia. paragraph 3. sod then to ~ of prirJdpRI, QI" (b) to the 11lStlmItion QI" ltlf)llir of the damltgtcd PropettY. A1It &pplk:at\oIl of the proc:elldI to the ~ shall DOt llldeItd Of poIIpooc tbo due date of the rnoolbly paylIIl:lIts which lIIC tefened to In ]llIIqIlIpb 2. or chaDge tbc lIIDOUDt of such paynlCIllB. AWJ ClICCS8 lnriumJK;e proceeds over an lQIlIJUlIl required to pII)' all....~ ~ UDder.- Note BUd 1bia Sa:uril1.fn1ttuml1at sIIIIJJ be paid to tbc eDIity legally 0IlIillcd 1hcreIo. In tbe event of tbJecIoIlunl of1bia Sa:util11111lnlmcm or o1bor tIUliisr of tido to tbe Property 1IIBt ..mnpri"'- the ~ aU datU. title 8IId ilieDlIt ofBcmowa' in IIIld to l:DsImuloc policia info1lCe sh8ll pIlIl8 to the pulObaser. 5. OcatPUCY. PraenadR, MaIaCra_ lIIId "Profel:tIn 01 dte Property; Borrower's 1.0.. Application; laItboWl. Bonowcr IIball occupy, establlsl\. and USll the Property lIS Blln'OWM"s principal residcace witWl sixIy dlys aft=- tbc CIIOC1Ition of this SIwdty ~ (or witbia sildy days of a I8teI: _ or tIIID&for of tIIC I'mpl:df) aad lIIlII COGIi-. m omJPY tile PropcrlJ as Bonower's prlllCipel residm:c for at leut one yCllIl' after 1hc date of occupIIIE)', UIIIcII LeaIer dcrerml- that .-- wID CBDK UJldIlo haldsbip fill" BOlI'OWCI'. or IIDIIlss CldeIlullliD,g cio.............. CldR wIIidI - beyaBlBorJuwur'. <:D*mI. BoRUWel" ldII1l notify Lender c4 u:y ~ clru............... Boll"OWllf sb8D. DOt commit wastIC or cIIltItIoJ. cIIImIIF eM" 1IJbeapdl"1y c:lJaDF 1hc Pmpcrty or alloW tile Property to delmionne, reMOuable WC8l' lllId tear excepted Ltalder may ftpect.- Prupllty if the Propcn;r is V-.alt or alIadmIDlI or." ill....... LI:laricr.., MIA: ..~.........tWo acdon to Jmlll=Cl1IDd pa:lICMl such vacant eM" ablaldoDl:d 1'Jopmy. ~ till _lie . ..... tr ~ .... lilt loan lII'Pr...Hnn procallI, gave DllIIeliaIly :llll8e or iDac:culatl ~ or . tDlada-............. Le:Idar ...., -.III" '1.....) ia--'lCdoA with tile loan evideDcecl by tlIC Note, inclucfiD8, but IlDt I1mftcd to, ~DS . .... BoacMor'a 0CJ:UpUICy of tbe I'lopclV . a priDclpal ~. If this Security Instrumctt Is on a lcascbold, Bor.tuftrsWl c:olIIp1y with tbe pmisiolll of 1hc leaBo. If BomIwer .xtu. fee title to the Property. the lepebold IUllI. fee title shaD DOt 110 IllItql,CCl tmlcI:8 Lemder llpCS to the lIIlIIIF in wri1iJJs. 6, CoItdaeldloa. 'Ik pmcceds of IIIIY awlUll or claim for cIaIJIap&, diRICl or CODSCqIIIlUtilI in CI)DIIeCtlon with any ................tinn or o1bcr UlkiD8 ofllll}')IIlrt ofthc Property, Of tor ~ iap1al::cof ~.'. - Jadlf...... ..lie .....J....-m .......or.. faIl_ or. :...w-to-- II.- JIIIIIiDI UlJPIid UDder tile Note llIld tbls SocurilJ . I J.ader.... ....,. ....--- ~ tlIcI..u:tIoD of the iudebtcdDcss under tile Note aDd tli.s Security Instrumeut, 1illlt /I) 8111 dclfiDqDclalt __ BJJPIiod .. ,. ... ........ .. ........ J.. - liIlllllD ~ of jJdncjpd. AD1 applicadon of tile proceedIlO die pdII:IpIl......... _....... ~ _..._ 61; -, .-. -'. .....- nncrred to in ~ 2. or c-.dle ............... .. -.....----- .' ~...... - _' .... ......................,.... rtab8ll'be_1DtfB~IeplIyt'llllitbf1flr:rllftl'. 1. a-p..... .. _ ..If . - e1~ ItJPta ill tile PnlpertJ. Borrowel' abd \lAY all pwemIIICIItIl or ........... .. ... ~....I.Iio_ II.- -= aot iD::h1ttlld. In pmgllIPh 2. ~ shall pay these obligations on tinlC dRctty to 1hc edita wblch is 0Wlld. tbe pII)'1IIIIIIllfflilolc to PIIJ ............, diIct~........ .....,.. lIpBl LelIdu's request Bonuwer shall plOIllJlOy 10miah to Lender J'llOCipts~"" JIIJllICIIlB. lUlIRAllKA J'BA DBBD OJ' TlW8T -- ITEM -.stJlllllJ Q-T. T.T -.. /AII1fIUI1)