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<br /> ' Lcndar may, nt any tlmc�, coilact and hold nmoimts for Enerow Items In an apgregate amaunt not to excoed►he maxlmum �,,.,:
<br /> nmount lhat may bc�requlred tar Borro��nr'e oscrow account under tha Rasl Esinto Settlement Proccduroo Act oT 1874, 12 U.S.C. yf
<br /> �?.GOt ct saq;nnd Implomc+ntin� rapui:ilinnn, 24 CFA Pnrt 3500, na Ih+sy mny bo �mended(rom timo to tima ("RESPA'), oxcePt
<br /> that tho cuehlon or raswvo pc�i�mfitnd by FlI:SPA for unonUc!p�tcrl cflsbursemaritn or disburocrncnto bctoro tho Bono�•+cYs �
<br /> paymcnts aro nvoilablu in lho uccount mny not Un t�naed on omounto duo tnr tho n�ortpage insurc+nco prcmlum.
<br /> _ . . s 11 Ihe nmounto h�fd by l.ond�r fc�r Escro�v ItRma exceed the amounts pertnitted to be held by RESF�A, Lcnder ahall deal�vilh �j� �
<br /> � Iho excess hmds es requlred by FESP0.I1 the am�unts ot fund� hcld loy Le�d��c.t any tlnts°rs not sufflcicmt tn�fA,1 ��Iff F3CfOW +',
<br /> . • Item3 whon duo, I.ond�ir mny notiry tlin Borra�vor ond �'�rqulro Borrowcr to make up tho 3hortepo or detiGinncy ae permlltQd by �
<br /> ., ,� � RESPA. ;;�,
<br /> Tha Eecrow Funds ar� pind�ed an n�iciitl�nnt snau�lty tnr all aums sacured by th!a Security Instrumert. If Bonawor tenders ;•�•.
<br /> �,� to Lend�rr the Aiil pnyment ot etl auoh swne, Ha�iowor's ar,aount shaA bo credited vrith the balsnce remalning for ell Instnllment �
<br />- ���� Itema (e), (h), end (a) and eny martpapn insumnae premisim inst�+ilmont thnt Lender hes not become obligated to pay to lhe � �-�'�
<br /> Sacrolery. und Londc�r ahell promptty rotund any excesa tunds to 8nrcn�vur. lmmedlately prlor to e foreelo3ure ealo ot the Property � ��f•
<br /> .,_���� or Ite acquloltlan by Lend�r, Bonqwvr'e ncaount shnll be crodited wllh any bnis;nce remalning ior all InatallmEnts tor itema(o).(b),
<br />---,�� and (ol• 'f'�'
<br /> a 3,Appl(catZon of Fay��ro�s.All peyntenis under paragraphs 1 nnd 2 shnll be ep�liod by Lender ns tollnwo: ;,1�
<br /> - � . �. F1►St to th�► m�rtgnyn Innumnaa premlum to be pafd by Lender to the Sccretnry or to the monthly chargo by lhe Secretnry ,:Y._
<br />.. ���'` �`r.�.:_=
<br /> LL i t Instead ot tha mnnihly mortflnpo Inoumnao�n�mium; ■-
<br />�-:r.:�.
<br />_ ti..,, S�COn61.tn eny tnxoa, spealnl aanoasmnnta, leasehold pnyments or ground rents, and ftro, flood end other hazard --
<br />_�_���- In�urence prcmlumfl,es roquirod: _-
<br /> • + 7hOVd, tc►Intnn3at dua undar thn NUta; "';
<br />���r�i Fqe,p►�tt1, to amaillLntinn ot tha pdnaisnl of tha A!ata; �;_T::
<br />_� �ilRh,ta itda ahnrgas duo undar thu Nnte, �•_°
<br /> �a,:_:
<br />:��� 4, E�(r.l, Flc�d �r+d OtBe�r ii�c�rd InsurAnce. Bortower shall Insura nll improvements on the Property, whether -_
<br /> - now in br1s:•a+��e �r subcoquantiy ureMed, agelnst eny hezArris, casualtles, and contingendes, lnduding flre, tor whlch Lender �
<br /> •"+'-�� requlres lnsv��'r�. 'lc,fs innumnao sNall be melntnlned in ti�e amounts and for the p�tlods ihat Lender requfres. BoROwer shnll
<br /> Ct�"..
<br /> elso Insure e�t ittiprovcrnc�Su on ti�A Properry, whether now �n existence or subsequanlDj eracted, agalnst loss by floods to tha �,Ma;
<br />�e:u4j"�.� extent required by tho Ra�.�t�ir1. lUl tnsurence shall be carried wlth companies app:avad by Lender.The Inaurenco policlos and �•`
<br /> - eny ren¢wals shatl be hoid by Lendur ond shall include loss payable clauses in favor ot,and In a torm acceptable to, Lender.
<br /> __-__-.� In tho Avent oi loas, @orto�vnr sha11 give Lender Immedlate notice by mail. Lender may make proof of loss it not made
<br /> �`�� prompily by Borrower. Gaoh Influmna� aompany concemr.d Is horeby authodzed and directed to make payment tor auch losa
<br /> -- °- dlrecUy to Lender, Inatuad of ta Bom�war und to Lendor Jolntly. All or eny part of the insurance proceeda may be epplled by
<br /> Lender, nt Its option, o;thar (n),tn the reductlon of thn Indebtedness under the Note and this Secu►iry Instrument, Tirst to any
<br /> - delinque�t amounte nppll�d En thn ardor in Paragruph 3,and tAen to prFpayment of pdncipel, or(b)to tha restorntlon or re�air of
<br /> - -� the demageti Property. My �ppl\:ation oi the proceeds ta lhe pflnclFeal ahell not Qxtend or postpone tho duo daie o} the
<br /> monihy paymonts whlch aro ral�rBd to in Peragraph 2, or chanc�e the amount ot such paymonts. Any excsss insurance
<br /> p�oceeda over an emount required to pny nll outstanding lndebtednssa under tho�1ote and thls Securiry Insirumant shell be pald
<br /> ��_ - to i�e�.�y::,g»:�s.^.:lt!�l.h�•pte. •
<br /> - - In the eveM of incr,closure of thiu 3ccudty Instament or other trensfer a4 tille to the Propeily that extingulahes the
<br /> Indabtedness,ell ►IAht,t`:to nnd Interest of Borrower In und to Insurance policles in torce shatl pass to the purchaser. �.,.
<br /> - G. Q�cup+�nCy, 4"reaerv�tlon, Msintenance and Pratectian o� ths PropoKy; Bar►owar'o Loan
<br /> prpplt�sdil5�7�; L�as�haldM. Borrower shall occupy, establish, and use the P�vperty ns Borrowere princlpal residenco within
<br /> stxty ciays �tter the oxecutlon of thlo 5ecurity Instrument and shnll conUnuo to occupy thq Prope►ty as Borrower's pdncipal
<br /> resldenco far at leest one year eft��r tho date ot occupancy, unloas tho Secretary determinoo thls requ�rement will cause undue
<br /> hardshlp tor Borrower, or unless extenuatinp ciramstances exlst whlch are beyond BoROwor's controf. Borrov�er shall notify
<br /> Lenders of any extenuating clrcumstences. Burrower shall not comm(t waste or destroy, dnmafle or subetsntialy chenge the
<br /> Properiy or allow the Property to dotarlarete,reasoneble wear and lear exceptad. Lender mey Inspact the PropaAy If the Property ___
<br /> Is vecent or ehandoned or the loan la In defauft. Lender may take reasanable action to pmtect and preserve auch vacent or
<br /> —� abandoned Pr�perty. Borrawer ehaU Qlso be In defeult M Borrower, dudng the loan eppllcaUon procesa, gave meterlsly taise or
<br /> Inecc+uate Intortnatian or atatements to Lender(or failed to prouldo Lender wkh eny matedal Infortr�atlon) fn connection with the
<br /> loan evidenced by tho Noto,InGuding,but not HmRed to, representntions concemfng Borrower'e occupenoy ot ths Propaty as a
<br /> — pdncipal residence. It ihin Secudty Instrument is on a leasohotd, Botrower shnll campiy wkh the provfslons af the lease. 8
<br />___ --- g�,•;:;;,:;_�ey,����t(}��to rhn p�r�s�ahv.the lessehold and tee tit;o shull not be mr.rped uNes� Lender egrees to the mergcK In _
<br /> writing. � -
<br /> ---= 6. �itnargos to �orrow�r a��l Proeecito�� �? O.o�►�ep's RIgi�4s I� 4h� E�ra��rtfT. Borrower shaH poy eA ._
<br /> govemmen�l or municipel charges, tlnoa end ImposNion� that arv not ir�cluded In Paragroph 2. 8orrower shell pay these
<br /> obNgetions on tlme dtrectly 4o the entiry which Is ovred tho paymonl. If ta{luro to pay woutd adverseiy attect Lender's Intereat In Y
<br /> the ProFerty►,upon 6ender's reques4 Borrower sheil prompty tumish to Lender receipts evldendnA these payments. __,
<br /> N 6artower fails to make these payments or the payments requfred by Paragreph 2,or tells to perfortn any other covenants
<br /> and�greemente contaMod fn thfs Securky instrument, or there is a legal proceedhig that may signiflcantly uRect Lender's Hghts in
<br /> -- - the Prc�parly (suoh sa e proceeding in bankruptcy,for cendemnaUon ar to entorco luws or reguktlons),then Lender may do rdnd
<br /> pay whatover Is necossnry to proteCt tha value ot the Praperty and Lender's �Ights In tho Property, Inciudktg paymenl ot taxes,
<br /> hazerd Inourance and othur Itema mentloned fn Paragraph 2. 8,�,
<br /> Any emounts disbureod by Lendor under thls Paregraph shall become an addfllonal debt o1 Borcower and be secured by =-
<br /> this Securfty lnotrumont.These amounts ehall bear interest from tho date of disbursement,at tho Note rate,and at the option ot
<br /> l.ender, shaq bo Immedintttty duo and payable.
<br /> v' 7. Condsmnatlon. Tha proceeds of any award or claim 4or damagos, direct or consequontlal. In connoction wRh eny
<br /> condemnntlon or other taking ot any part ot the Ropary. or tor conveyanco In place of condemnatlon, ere h�reby asslgned pnd
<br /> �`�' shatl bo pnid to Lendar to tha extvnt ot tho tuli a3nount ot tha indebtodness that rematns unpald undcr the Mota and thls _
<br /> -_.---= Securiy fnstrumont. Lender shnll appy such proceeds to the reductlon of the Indebtednesa under tho Nota ane) thls Securtly
<br /> - -- - InatNme�nt, 1(rst to any delfnquont a�nnunte applled in ihe order provlded In Paragraph 3, and then to prepnymen4 of pdnaipal,
<br /> -���°`::�� qny a.��licatlon o}tho proceeds to thc pTincipnl shnll not extend or�o3tpo�io tho duo date ot tha monthly pnyments,whlal� t�re
<br /> ;_-�� �eterred to ln Paregmph 2, or change 4ho emount ot such paymen4s. My excess proceeds over an amount required to pay o0
<br /> -��� outstanding indebtodnc�s under tho Note and thfs Socurity Instrument shall be pald to tha entiry Iegaliy onUtled thereto. __
<br /> ..Y....J 8. Feee. Lender rrtay collect fees nnd charges�uthortzed by tho Secratary. �,;;
<br /> �— 9. (irounds for Acceleratlon of Dabt. -
<br /> . _.s�;� (�� D8i8Ult.Lender may, except es OmUod by regulntlons issued by the Sacretary In the case of pnyment detuults, _
<br /> _--,u_ roqulre Immedlate payment In tull ot all sums socured by thls Sacudty Instrument H: _-
<br /> --_�-;�;�re� (q Borrower detauits by falling to puy In tull any monthy paymant req�dred by thls Security Inetrument pdor to or on _
<br />.�._*�'�` the due date oi the nuxt monihly payment,or _
<br /> -- -=��� _
<br /> -� (iq Borrower defaults by talifng,tor o periad of th(rly deys,to pedortn any other obifgations contained in tNis SQ�urily _
<br />= v�a.. -
<br /> '��. Instrument.
<br /> ';�.�',. .Cy -
<br />_�''- � (b) Sale Without Crer�it Appruval. Lender ahall,it permitted by uppllcubie law and with the prior approvnl ot tho �
<br /> - ° ''+-� Secrotn►y,requlre fmmad'+ato payment In tuD ot all the sums �ecured by this Seoudty Instrument i1:
<br /> '—��y(i= Pngo 2 ot 4 —
<br /> --- F5B13.LM0 (3/95) -
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