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<br /> • L�ndor nWy. �►1 any Wn�, cofbct Rnd Aoki artwunlc lor Escrow fl�ms in �n aygr�yat� urwu�i not to wcMd Ih• nwinwm
<br /> • •mou�l llut m�y bQ nquirod lor Barower's �scrow account und�r th�R�1 Eatat� S�tWm�nt Pracadur�a Act oi 19T4. t?.U 5 C
<br /> �2801 ot s�g;�u�d hiplanwntin4 rpu4lior�a, 24 CFR P�rt 3500. as Ihay m�y ba 1►mNtdNl kotn tiM�u 4ms ('RESF'C..►.ac�pl
<br /> tfi�t th� cusAion or ra�rv+ pKn+itt�d by RESF'A fo� un�nUclp�l�d disb�uswnw►t� or disbwsen►mts beton lM 8arowii a —
<br /> paym«i1c an avw►aWi wi Ih��csaunt m�y nat b�bas�d on anauntf duo lor 1h�mong�g��nsura»c.s pron+�um _-
<br /> H ih� anwunts hs{d by Lwid�r tor Escrow flartu u:cNd Iha anwur+tc parnwttad ta bo hald�� RESPA.Lsndor shaq d�l wdh -
<br /> tAe axcas lunds as requfnc!by RESPA. H ih*arrwunts of hu�ds hdd by l�ndar�t any tim�ut r.ot sufhtunt to p�y t�+�Escro'if•.� -"
<br /> It�ms wh�+ du�. land�r may notify lh�BotTOw�t and nquir� BcRawer to mak�up the shatay� a dNicwncy �e permkled o� .,
<br /> RESFA. Q� "'
<br /> TM Escrow Furida �r� pl�dq�d aa �ddrttona! saa:rity lor all wnu s�au�d by thb Security I�sWmmt N 8onoww Imdtra� °
<br /> to L�nde► the tufi p�,yrnent oi aY auch sums, k3ortoww'a account �Mul1 bt asdiled v.nh th� bal�nce reendni�S far W n�Wimen( � �
<br /> it�nu (�). (b), and (cl �nd �ny mortQ�po hsur�nc� pre�wr» instsUmw�t th+�! L�nd�r has nol �scomo ob6qaNd lo pay Io th• � ---
<br /> S�cnsary. and Lenslor sAat!prornpty ntund any�xc�ss tund:to 8orrow�r. I,�unsdlatoty prior to a IoraGusWS sars ol the Roperty =
<br /> or Rs acqulsflion by L�nd�r. Bortow�r's accau►t shaY b� crKiitad M•ith any baVnce remaininy tor aY ins2aWnenU fa kema W. (b), � -
<br />. ar►d(c). � _
<br /> 3.App1lC�ilOt1 Of Pay171o71is.AN payrr�nis u�d�r puayraphs t and 2 sha!!ba appl4d by Lendx as lollows- � :
<br /> F1K! to ths mortpaye inswance pranum ta ba paid by Lendar 2o the S�crNary or to ttu monthly charye by lhe Seaetary =
<br /> instoad of tho mor►lhty mortgapa tnwrance premi�m: -•
<br /> StC�nd, to �ny taxes, spodai assessments, leas�hold payme�ts or qround �enls, a�d fira tiood and ott�er hAZard =
<br /> insu►ance pr�niums. as requlreci: °
<br /> 7 ii1.-a�, tv Mta�t due w�:,ar tha Nota: °
<br /> FOUrth. to amortizaUon ot t�e principal ot tha Noto; -
<br /> Fi{th. to late chatpes dua unde�the Nate.
<br /> 4. Firo, Ftaod +usd Ot1wr Hazud Insuranco. Borrower shaY Mwre aq �rnprov«neots on the Propaty, wAethnr -
<br /> now in �x3stoncs w subsoquenty xachd, ayalnst any hazards, casualtiQS,and continyencies, wticludin�fre, la which lender
<br /> requires insurance. Thls insurance shall be rtsaintainad in the trnounts arui t�u lhe periods that Lender requires. Borraww shaY
<br /> also insure �Y irnprovarner►ts on the Property, whether now in oxistanc� er subsequenty er�cted. a9ainat loss Dy looclt lo the
<br /> extant requked by th�Sscretary. AM insumce shaN be cartied rvtth compa+ves ��oved 4y Lender.The hsun.�ca poTicles and —
<br /> ar►y�anewals sha�b�Aeid Dy L�tder and shiJ1 Inciud�{osa payaW�clws�+s in Svor of,�nd in e fa+m a,c�abU to, Lenda.
<br /> In thQ went o1 loss, Barowa shaU givv Lvnder kmw�ii�to naUca by maG. Lender n�y �v►�ke pruot oi loss iJ not n�� •
<br /> prompUy by Bomower. Each Insuance company concem�d is hareby wthorized and cirQCSed to make paymml fp► such bss
<br /> aroctly to Lender, instead of ta 6.urower and to Lender)o�ealty. All or ony part of the insu.tince proce�ds may be applyd by
<br /> Lender,at ks optlon, either (a) ta tha reductlon of Uw indv4,ti'eciness unda►the Note and thic Secwiiy Instrwnent, first to any
<br /> delinquent amounis ap�lied in t�e wder in Paraflraph 9, and�er►to prepayment ot p�incipal,w(b)to tha nstomUon or npair ot
<br /> the darn�ged Prcqzwly. My appGc�tan o1 the proceeds to ttw principa! shaY not extand or postpon� tha due data of thn
<br /> mo�thty payma+tx wAfch are refetred to in Paraqraph 2. or change the omount of such payrtwits. My �tats insu�ar►ce
<br /> pruceeds ova an amount requlred to pay aY outstandin�indebtedness und�x tha Nata ond tNa S�curity Instrumant shall be pald
<br />, to tAe entity IepaYy mtiUed ther�o.
<br /> In the event o1 torecbsun o} thls Socurity Instrumtt�t w othar iranster o1 titt� to tM Propwty thal extinpuish�s th�
<br /> ind�+btedness,all riyht,tiUa ar►d intaast et Bortoww in and to inuuanca poYcws in iwc�shall�ass to tha pwchasar. —
<br /> 5. Occ�rancy, Pns�rvatlon. Yaintanancs and Pwt�ctlon of th� Prop�rty; Bor�rovwr's Laan
<br /> AppliCS�iOn; t1Aai�hOld�. Bortower sha3 occupy, esisL�xh, and usa tha Prapwty as SorrowK's principal nsklencs withk�
<br /> si�dir days afte�tM �xscuUon of this S�curity lnstnunent r,�rrt shaY conWwe to occupy ths PropeAy aa Barrowx's prYiapal
<br /> restde�c� tor at Isast ons yea�s�er the date of occupancy. urtless tha Seaatary detrrt�inrta this raquiraaent wiY cause�r+due
<br /> han�H'+,� tor Bortower, or uni�� extenuating ciroumstances eut which are bayond Bcaower's eontrd. Borrower sMaf n�Cty
<br /> Lenwra oi any v�ciawa6r►g ci�cum�tanc�s. Bwrovw►shall not cormr! waste or destroy, d�n+�y� a aubstantiaNy t�+an,e the
<br /> Propaty or aYaK U»Propariy to doteriorate,raason�bleJ weu and teu�ccepted.Le�dar may inspoci the Propwty k the Ropaty
<br /> iw.. ....♦ ..��nwluw��vr.� �. ;tii 1�� t� 1 JJ.. Y ZwNi � 1•� •
<br /> Z. :i ... .wi w i v...ii.a. w �n:j Z:w�iw:w,ii+wr i��iiw� iv �i��:a rw jiiwiwv�i 5ih;i� r���i w � � -
<br /> abu►donsd Properry. Bortowa shao atco be in defauq if Bo►rowx. during the lo�n :pplicaUon proass, y�va matrWy Wse or
<br /> inaccutite intamutlon a staterne�nts w Lender (w failsd to provide Lendr wdb any material inforrrution)in connaction with the
<br /> lo�n evldenced by ths Noto, kiduding, but not Ymitsd to, reprosentations conceminy 8urowar's occupancy of tha Property as a
<br /> p�indpal �esldence. IT thls Security Instrtu�xM Is on a Ie�sMold, Bortawer shaM compty wRh the provlsions of the te�se. tl
<br /> Barowr:cquins hs title to th�Propwry.th�I�aa�hdd and iw tiW shaN not b�m�ryed urY�as Lridar ayrees co the merpx in
<br /> w�iny.
<br /> 6. Char�ss tn 8orrowor and Prot�tlon of L�da's Ri�hRa in tE� Prop�rty. eo�rowa shar ay ar
<br /> �v.mm.ntal « m,nicipal c+,s�r�es, rr�es and imposido�s t►ul .re not (ndud.a in Ra�a�apn 2. Bortower srWil pay u�eso
<br /> cbiq�Na�s on tirna dir�lly W.i-,e entiry whlch is owed ths payrt�ent.t!taikus to pay woi:i9 advarsNy af(�ct Lenda'a irtlonst in
<br /> tL+e Ptopwty.upon Und�r's rpuest Bortow�r ahall promptlyr tum{sh ta Lsnd�r r�ceipts wida►dny th�ss paytnsnts. -
<br /> H Borrower tails to m�ks these payrt►ents or the payments roquirsd by F�rayraph 2, or tais to peAortn any other cownants
<br /> o+�d ayrw�wnts contain�d'n this Security instrum�nt,or thae 1s a ta9a1 proaetdny thal may slpnise�ntly�ff�ct Lender's riyhts in
<br /> f:ieG Propsrty(such as a proeeed'ng in banfwptcy,for conde�era.'ion or to erttorce laws u re9ulaUons),then l.wider may do and
<br /> ps�wlutever is necessary to protect the value of the Ropert�and Lender's riyhts In the Propdiy,inek�dn�paynwli o1{aK,�a,
<br /> �ta.�rd hsLrartce and otlNr it«ns mentioned in Paragraph 2.
<br /> My amounts dis�b�usad by Lender under this Puagraph shall beco�e on additlona! d�bt ot Botroww and be secured by
<br /> this Seauity Instruma�t.These amounts shalt tsr�e interesi trom the date ct d�sb�usanw►�at ths Note rate,and at the optbn oi
<br /> Lantl�r.thall be ir'nmetJiately due and payabla.
<br /> 7. Coild�mnation. The proceeds oi any award a c'aim ta�dunaqes, direct ar consequential. M conn�ctiort wAh any
<br /> ecr��ertnatlon a othK taM3t►y cF ony part of the Property. cr fur conveyance in pl�ce ci condannatlon.ar�horeby ass�i�xd and
<br /> rfaa� b� pald to L�nder to the extant of the tufl amount cf tf+e indeDtedness that re��wi�ns unpaid under tha Note and this
<br /> S�curidy instrument. Lender shall ap�iy wch proce�ds to tha reducflon ef the hdebt�dn�ss under the Note and this Security
<br /> fns,vment. frst to any definquent amounts applied !n the ordar provldad 4t P�apraph 3. and thon to prapaynwit of p�iacipat.
<br /> Rrty appYc.ation of th�procaedr to tha prindpaf shao no!e�end or postpwie the due date ot the monthy payrrients, which are
<br /> re(ared to in Puagaph 2. or chanpe the amount of sucl�pa}•ments.My excess proceeds ov�r an�naint
<br /> ouistandirty indebtt�dn�ss undar the Note and thls Insqwttent ShaY be �irod La pay aN
<br /> �Y P�d to the entiry IeyaYy anul�d therela.
<br /> w �rGG�.Lwuiw mry coiieci te�s and charpes authoraed by the Secretary. _
<br /> 9.Grout�da for AccNa�ation of O�b�
<br /> (a) Mfwlt. Lender rt►�y, ezc�pt as Gmited by regWations issued by the SecreSary 4► tAs cas� 01 payrtient defaults.
<br /> r�ir�Ymrditte paymertt In fuY of aq sums sacured by!t►is Seauity Instrun►ant if:
<br /> n Barower detauks by tailing to pay in fuN any monthly payment requ'red by this Socurdy InsUument --
<br /> sr,.aua a.ce of u,e ne�d m«►u�lv wy�r�nt.a v��a � _
<br /> (r)Bortow�r dolauRs by taiYr►p,tor o period of thiRy days,to patom��ny other obiyations Contaitied'n this Secwity =
<br /> Instrumsr►t. =
<br /> (b) Ssl� WithwJt C�adit App�oval. Under shaY. A permitted by applicable law u►d wNh thr priu approval ot tlw —=
<br /> S�wiry, rpu're irmicdiata payment in fuY ot a!I the sums secursd by thls Security UsWment if: �
<br /> FSB13.1M13(5/95l Psyr 2 at 1 --
<br />� %195 �
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