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<br /> ,.'` Lender may. al sr►y tlr.�a. co°ECt az►d hotd amounis tor�scrow items tn an n9flT�8�te amount not to oxee¢d the m3xlmum �x:�},:.;:
<br /> amaunt that may 6s requfred for Bartawo►'s oscrovi csceount und:r the Real EstaYe SeUiement Protedures Act oi 187a,12 US.C. j ,
<br /> �2&Ot ei s,ey;and Imgiem2rrting regtd�tlnna. 24 CFR Pert 9540.ea they may be amended frosn tme ta flmu ('RE3PA'), except :r_.k �._
<br /> ��;�':;''. tha3 tha eusMon or raserua p�Sed by RE:FPA tar urtanttdp.^tsd disCursenents or disDur�emenis trafare the Swrower's _ .T:.
<br /> � gayments are¢va'abfa tn the axourrt m�y not be hased on emawds due tar the�rortgaga Insuranee Pram.um. ��.`.:.
<br /> tl tl�e amounte hetd Dy Lendes tor Esorow Iteir+s rxeecd the e.neaunts psrmitted to Ce hetd by RE9P0.LenEer sha9 deal wl•,h ..�'�,
<br /> • the excess funds aa requtred by RESP0. II the ameunts o1 tunds hetd by Lender at any Ume aze not su�iident to pay the Eseaow
<br /> - items vrhen due. Lender maY noUfy che BoROwer end requUa Barower to make up lhe shortage or defldency ae pem:ined by� _
<br /> RESPA
<br /> The Esuow Funds ere pledpatf i►s adtDtlonal seeurry for eD sums sscured by th(s Securiry lnstrument. It 9ortower tend� �","�'.
<br /> ►s .
<br /> to Lender t4�e tufl gayment ot a0 such sums. Borrower's eeeoun!shaU be aedited with ffie balance rema'.nin9 tor at!instal:5°ent � .,.�
<br /> items (a). (b1, and (c) end any mortgage tnsurancs preenium tnstaWnent tha! Lender has not beeome abligated to pay fo the�t � .��.
<br /> � Sacrefary,and Lenda shn7 promytty rafUnd eny excass funds to Borrovrer.Immedi�t�yr priar to A torectosnre sale oi 4Ae Praperty� . ,,,.
<br /> or its acqulsiL'on by Lende¢.8orto�++tx's account sha7 be cr��ted s�eny b "a�vice rema t n ing tor e�Instst!ments for dem3(a). (b).� - ;�^.•
<br /> and (c) � �;`'��;'
<br /> . ..t,...
<br /> 9.a��ta�on o������.�paYme�under par&9r8phs 1 and 2 ShaU be app�ed by Lendet as foilows: ..
<br /> .'`;`j+; Fif�t to the mortgag�insursflce Premtum to be paEd by Lendv to the Sec�etery or to the monthty charge by the Se�etary(� ���
<br /> inst�d af the monthly mortgage Insurance premium: Q.;,,,s,:y:
<br /> . SQC�nd.to at►Y taxeg� specEal assessmr�2s. la;sohofd payments or ground rents. and fire, flood end other hazacd C`�'..:,;
<br /> • � lnsutanea pfern:Ums.as requUed: ;�.�"�_
<br /> 1jtjY?�1.to iMer�sl dwa under the Not� c:°�__-1-
<br /> ;,.;lj�� FQttPi�Y,to emosQimiion of the p�inclpal of the t�aw.. ..--�_..
<br /> - - �ji�B�, to tate eha�7os due under the Nota =�
<br /> .:;,, t=�<
<br /> 4. Fit�, FIOQ� ¢ttd OthQT H�dYd Ict3tc�i.v.x3. Bortower shall insure a0 improvem�ts on the Preperty, whether �{ �.�-
<br /> ih
<br /> �.,�a�: now In exlstenee or s«b�quentty ereded agatn�ar.:��fiazanis.casnaides, and cor�ngen�es. fndud;ng ftre. tor wh{ch Lender �{,�;:--',
<br /> da,�s:,
<br /> ', i; requ�es tnsuranee.This tnsurance shu0 be ms?rt�irr�al an the amow�ts and tor ffie perioG3 thctt Lmder tequUea Bormwef sho0 __�--._--_
<br />�'<<, % e(so insure aB hnprovements on the f�rapety,wfi'�,`ha�nau►in e�dstence or subsequentty►erected against loss by ftoods to the
<br /> ,�;rP ved b Lender.Yhe ins�trance poQeles and •�`.-'
<br /> • ::..,<; e�detrt requk�d by the Seeretaryr.AO irs,��s4��� carr(ed with comyantes ePRT'� Y �;
<br />� ' any renawais shaU be hdd by Ler:der a�d shall(r.cs3.de tass payabl4 cfaus�%U►tavar ot,and'as a farm accepiable to.Lender. ::.=",'�.'
<br /> In the everrt of toss, Bortower sha8 glve L��Jar�sac�ediate notics by ma0. Lender may make proof of loss ii not made �!°a-�_
<br /> � prompV,� by Borrowar Eacf� insuranca eompany c:mc�.rned is hereby euthorized tmd �ed to meke payme�rt tor auch Iass __
<br /> directly tn Lender.tnstead of to Borrower attd to Lenri�jolntiy.AQ or any part o!U►e insurance proceeds may he appUed by F,.r_..,.
<br /> Lender,at ita opUon, either (a)to ffie reduction ai�e ir.d�:�s under tha Note and thts Sewriry Instrum�►t,4'irst M e�Y �_
<br /> deGnquent amou�ts apptled tn the order in Paragraph 3,and th�r ta�rspayment of prindpat,or(D}to the te.sWsation or repaY of
<br /> . the dama�ey! p�aperty. Any eppAcaUon of the proceeds to �e prm�al shaA not e�dend cr gostpone Me due date of the `
<br /> � '�:•..• marrthiy Payments m3� are referred to in Para�aph 2. or c.timige the amount at sucb aaym�ts. Arry exCess insuranrs =_-
<br /> proeeeds over an�unt reguired to pay aIi outs���r.g indebtedness under ti�a[;n�and thts 5ecurity Ins�umerrt shaY be paid �.,.:
<br /> � to the e[ffity legaiiy cr�tlfled thereto.
<br />,;;,��.�, (n ttte event of foredosure ot thts Sea:rity tRSSrumerrt or other transter �t 21F.�a to tha Properiy that mttktguishes the
<br />�`'�i.-�'•`��,�3`' indebtscRsess.aU dflht.title and intes�ot Borraw�zr tn and to tnsurance pollc�s in fonce shaII}�s to the purcfiaste►. --
<br /> I4Sd'r_.i� �-.-.:.-
<br /> ti,,'i.it�t�r�td 5. QCCUpiRiCy�
<br /> ,. �, p�aQerraa't."r3n. Il�aters�nance and Proteddon of ttee Pnm�: Bcrrow��'s Loan —_
<br /> '''��'' ppPiicatimo; Le�slh�ldfl.Bomm�rer sfia9 ooaapy, esffib(Ish,and use thv P[o�at)f as£��►nata ptln��s2T rasidence withln _-.
<br /> �.,�,. . �t-� es E¢r�nter's p17nCJpe1 ,.�.
<br /> �;.;r;:i� s(x(y dtys aftes the axeatCo�i of th(s Seauity instrumeM and sha0 eonUnue ta u Utie PmP�'tY ��,;,,.--
<br /> �. ,�'+'�� resid�ee for at Iwst ane ya3r sftor tha dzta o!occupancy. unless tho Secre�j�tta�nines �.ht�requlrem�t�i6 causo undue '�.�-
<br /> .!<h.�)�p, �:. .
<br /> ,��.+�� hardsh� �er Barowcr. or uNess e�Genuat4tg Grcumstanees e�d� wtt.ch are boyor�d 8orroti»'s corrtroL Borrower shai notBy �.__ --
<br />.:`'%'�:;" Lendecs �a't�ny► exta�u�tn�9 circumstnnces. Borrower sha8 rtot a�mmit vraste or destroy� da-'�ra9e or subslanUaBy change tlsa ----
<br /> ••� Ptoperty�ar aIlavi th8 PcopErty to deteriorate,reasonebte wear end tear mccepts�.Lender maY trr�aA the Property N the Propertj ��
<br /> �ft;;��`:
<br /> is vacan2 or ebando:►ad ar tho toan is in defauft. Lender may take reasonabie acNo�� to praiect and presave such vacant or �!
<br /> . � ebandoned Property. Bomawer£ha9 also be in del'auN H Bonower. dudnp the loan c�ysaBcaUon process, gave metedaNy taisg or �tti,;;__
<br /> (naccurate fitormuUon or statements to Lender(or talted to provlde Lender with erry matedal irtfotmation)In conneetlon +nfrth the �
<br />;�:' .. loan evldenced Cy the Nr1ta.inctudin�,but not Iimfted to.reptesentations Canceming BoROnrefs osatpancy of the Properly as a ---
<br />'"-"-{��'�" prindpal cESidence. If thls Security 7a�vment is on a teasehold. Boaowe► snaU compiy wi�the provisions ot the lease. N
<br /> ;rh(�',"/, • �:
<br />*iti�.A�t• 8orrawer acquke9 fee�tle to the Pc-.�pEr!p,tho leasehold and tee tttto shn0 not be merged unless Lender agreas to tfie merger tn ��
<br /> ,��1�[.;_ '
<br /> ..,,,;.., writk�9•
<br /> � 8. Ct�argoa to Bo�ro+nrer �d r�r�n of Lander's RtgfMs [n the Rro�orty. Borrmver st�psy as w�,.,„..�.�`?
<br /> :r�t:,:.�> gavernrt�entel or muNclpai chargE�+, 'trnes end 'u;�aa�ions that are not 1ncluded (n Paragraph Z. Borrower ahaD Pay tnese �.:_.•-
<br /> %fi;,.;��.t;. obBgtt�:ms on Ume drectty to the arlti��which ts owed the paymant.It taiWra to pay would adveraety eftect Eendere Intuest(n
<br />=:?_'���5:•� the Proy�crty,upon LenEer'a aquest 8orrow�sAaA prompty tumsh to Lender rece�ts evideneing these paytn�ts.
<br /> •,.,.,,� ...
<br /> �'r?Q" fl Botrower fells to mako these paymeets or tho payments requlred by Parcgraph 2,m fsHa to periortn arry other covenenb
<br /> . ,� � and agreements contalned tn this Security Mstrument,or thera Is e tegaf proeeemng that may sl�iflcantty altect Lendet's dghta In =.
<br /> the Propaty(such as a praceeding In baniwptcy,iw candemnaUon or to entorce taws or reguJeUons),then Lende►mty do end `�_
<br /> •�; . �.�, pay whatever is necessary to pro2ect the value oi the Properiy and LendeY9 dghts in the Propaty. tnciudtng payment ot taxes,
<br /> ;:,�!r,'.
<br />,F„ �, hazard insurance end other items menUoned in Pataspaph 2.
<br /> 'i�'°`'' • qny amourrts disbursed by Lender under this Para�aph shati beCOme an ad�onei debt dt Bortower end be secured by
<br /> Y�i�`i.... l�i+�":.
<br /> this Securfty InsUUment.Yhese amourrts shail Eear interest irom the date o1 dtsbursemenL at ths�lota rate,and a1 the op�on oi
<br /> Lender,sheH be imme�tety due and payabfe.
<br />,•';:#�;fS..'.. 7. CondOmn�tiOn.The proceeds o1 any award or claim for dartiages�,direct or consequEntial, in connecUan with any
<br />;�;;:.,,t,. condemnatlon or other tekfig o}eny paA ot the Properry,or for oa�vayance tn p►ace o1 cond�.rr+aUon,ere hereby assigned and __
<br />`,�:;'�',f�+ ahalt f���cu'J Qo Lende► to tho �3 01 tha tuti emount of ti�a �i�:lEbteQnese that remeh�a uapaid under the Note u►d taix� �
<br /> �`"' Se�e _,";+suument Lendar sha(I c��suah prooeeds to the r�u�u�an ot tfie Indebtedness c�.der iha Note and thts Sec�f�
<br />:��;�;'�t' ';
<br /> • insbs�r.:ent,titst to 2n/ddinquent cc-r�.:nts applled in tha order pTOVided in Pa�aara.ph 3, end then to prepaymes�t of pdndpal.
<br /> ' ' Any appticaUon a31t�r ur,�ceeds to t3e pfirtr�psi ytc�'1 not extend or postper.�t°���ue date of the month,y payments,whlch are �,_: ,
<br /> retened to in Para�n 2. or cYss-�s the emua•a e?such payments.My v:�praceeds over an amount rcwvirod to pay aU ;„�,^r°°�
<br /> ;s;;;.�:,;• outstending inQebtec'r.�ss:c:'Ccr ti.rd!t�o'a and thTs Sacurity lnshument shell be pel�to the entf"t tegalry enUUed thereto.
<br /> ��:
<br />`����a�y�:•• �. �OOH.Lender may ccC:a�:f+:r:�and charges cuthorfzed by ths Secretary. "'���
<br />;,..\�`.' ��_,:
<br />-_`�`�' • 9. 6rounds for Acce:�r�`.:on o4 Oebt ��
<br /> '.j11' . . -
<br /> �� (a) Qefeu[2.Lender may, except as iirtlt:d by regulaUons Issued by the Secretay in the cese ot payrnent detautta. �;•; �
<br />:'.`;,;, � requlre Imr.:c�a paymen2 L�full of all s�MS secured by this Secudty lnatrument H: �_;_.,
<br /> "'''� Bonower defaWts b 7yi,°.n to pay(n tufl monthy payment re uired b tk��5ecu' Instrnment pdor to cr ar� �-'
<br /> : • (� 3' g �Y g Y n►Y �,
<br /> :"r:? � tfia dne date o1 tha rext r..onthty paymenf. or --
<br />' ,;•,;,. �.�_
<br />. (�E�-�o•�her detautis Cy f3iiing,tor a Dedod of thirty days,to pe�tortn any other oDligaUons contalned In tAis Sea.�rtty �a`._
<br /> � t^na:n�'.+:
<br /> (Q� 5519 'ti�'dhOUt CP�d:'�.?.`�(�vmv.77.Lender sha11.if pemtittad by a�,'icable law and with the pdor approval o}the �:'_,
<br /> . Sec;�.-Ra►y,requUe immed•:Lr p�;^r.er.t tn t*�il o}uIl the sums secured by this Securfly lasUument H:
<br /> �1.;
<br />. __. _- P�di3.�nG t3r�.+i vagn 9 nt d e.'-:'
<br /> {.''•:
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<br /> ; ' . . . , , . . .,. .. .. . � . ' :� . . ' .. . . �
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