|
.—�;.
<br /> :� ^„.
<br /> - -. _. _._ . _.. ....----- -
<br /> y� ... --------, --- - _ _ , _
<br /> ,.,:�ww:.r,,.:. . ., ..
<br /> .
<br /> ,, . . ,
<br /> �... ... ._.�,.:__-.__._... . .... _. . . . ..,>,....�.,.�fe... - - --
<br /> .»- ..,J{
<br /> �•�
<br /> . . ..
<br /> -.....�.r.,..>.��t�..____�____....... .. .. .. . .. .. ---... ....._...._........ , . ��.�-- ^
<br /> r. •,���y,
<br /> � � 96�- ,r�,�;:,::�x�.-__ _ ,
<br /> 'j,��,��lw� LOAN PdO. 1 5 3 9 2 1 4 5 1 0 - �-ti��� ao-�"i=�..-
<br /> , 1.F►myrnent o9 P►!�cipsl,Intereat�nd l,�ts Ch�rQe. Borrower eflall pay when duo tho princlpal of,�nd intorest on, ,
<br /> tho dcGt ovldancesi by the Noto und late charp�s duo under the Nota.
<br /> �,NAoriQiily R�yrr+���Ya o4 Y�c��(Ei0l1�'¢7i1C0�L1Yifa1�YGiCY��iQfj�f1�. Borrovror oholl Includo in cach rnonthly
<br /> .. payrnant,toSether wlih tho princlpaI end Intorest as aot forth in the PVato and ariy la4e chrtrgas,a ou►n qor(a)ta�ces and �
<br /> � � epe�lai assossmsnte levled or to ba levfad a�alnst the Prapehy,(b)leas�hdd payrt�onts or ground rents on the
<br /> Property,and(c)prerv�l�m�for Insurnnco rec�ulred urtdsP ParA�re h A.In any year In whlch 4he Lender must pay A _
<br /> e
<br /> mc,rt�gtige Inaurance pPemlum to the 9ecretary of Mousiria and Ur n Development("S�cretary"),or In any yeur In whlch
<br /> .� � such premlum woulcl have been requlred It I.ender etAl held the Security instrument,eaci�manthly p�ymont shall also ���'� -
<br /> � Incl�ede either.(I)a sum for the anrfual mortgago Insurance pr�n�lum to�e paid by Lender to the Socretary,or pi)a �
<br /> ' morethly charge Instead of a mo�tgage Insurance premlum B thla 9ecurtry Inatrument Is held t�y 4i�e SecFetaiy,(n a
<br /> �� reasonable amount to bo ai�termined by the 3ecretery. Except ior tha manthly charge by tho Secretary,these ftems • ���'�-��
<br /> are called"Eecrow Items'and the sumapaId to Lender are called'�scrow Funds."
<br /> :;r,,;:..-�� Lender may,at any tlme,cdlect and hdd amour�te 4or Eecraw Item�In an aggrega:e amount not to exceed the �
<br /> ,K .,ar maximum�mount that may b�roqulred tor Borrower's escrow account under the Real Eetate Setttement Procedures
<br /> � h Act ot 1 J74,12 U.S.C.�26A1 Ett s�p.and Implementinq rc�gula4ians,24 CFR Pert 3500,as they may be amended from �
<br /> � time to timo("RESPA"),except ti�xt the cushlon or reserv�pc�rmitted by RESPA far unenticipated dlsbursements or �
<br /> dlabursemerrio before the Borrower's paymanta are available In the account ma5+not be based on amounts due for the �
<br /> ' mortgage Insurance pramlum. '���:'�"'°�. ..
<br /> �, .�„�: ,• . ,. >
<br /> It ths amouMs hetd by Lender for Escrow itema exceed the smounta permitted to be held by RF.3PA,Lender shall "� .�� ,•,, .,t
<br /> deal with the excess funds as requfred by RESPA. If the amounts of furxie held b Lender at any tfmo aro not sufflclent �.�����•+�tw��u��•
<br /> : topay the Escrow Items when due,Lender may notffy the Borrower and require��rr�wer to make up the shortage or ,��; : ':;;�__,�Y-`
<br /> .;;�: ' deN�lerocy as permitted by RESPA. • °�'�'�'��
<br /> �_t, ` r„'�[�-._.___.__---
<br /> , *�, ..
<br /> ��. � The Escrow Funds aro pledged ae sddittonal se�urlry tor all sumA snaurod by ti�ls Securiry In�trument. It Bor�ower ,.;ad,�s,pos�:=—
<br /> . , ,.;t��..,t:•-- _—_
<br /> t�f1d8f8 t0 L9I1d81'ih0 fUll yment of all sucH surna,B�F78W&P B BCCQltlli tiltall�13 C��ItlXl�JRh tF19�IQRC9 f8R!$111�t1g , ;.ti,., .;
<br /> for atl It�stallment items(a�(b),and(c)and any mortgage Inswance promium Instaliment that Lender has not becomo .' "',�'�' =-
<br /> ' . , �� '� � obllflated to pay to the�ecretary,snd l.ender sFuill promptly refund any excess funds to 8orrower. Immedlately prlor to _`�';'��;�`,T�___ j
<br /> ' a toreclosure r3ale of the Pn�porty or Its ac ulaftlon by Lender,Borrnwer's account shall be credftod wfth any foalance ���`,^!,;-��v� -
<br /> .`:',ia_;�;..
<br /> ;' `�'� remalning for all inataltmente forltems(a),�b),and(c). - `
<br /> 3.Appilcettora of P�yments. All payment�under Paragraphs 1 and 2 shall be epplied by Lender as tdluws: s�--
<br /> _ � :�� ,4 FiRST'to the mortgage Insurance premium to bo pald by Lender to the Secretary or to tho manthly charpe by the �;;��=��� `�"�-v==
<br /> .+t-W-.a.�.
<br /> 3ecretary Instead of the monthly martgafle Insurance premtum; Q�.�,-R-„�'
<br />
|