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20100933�
<br />Lendor may, nt uny tima, calle�t and hald umvunts Por Escraw llertrs in pn a�gre�ate Eunount not to e.�ceed lhe
<br />maximum ttmount thAt may be requtred fnr Iiorrower's escrow accQUnt upder the Real Estote 5ettlement Procedures
<br />Ack af t97�, 13 IJ.S.C. Section ?��1 et seq, Eutd implementing regulutipns, 24 GrR Part 35DD, �ts thcy may be
<br />amended lrom ttme ta time ("RESFA"), exccpt that the cashion nr reserve permitted by RL-SPA t'or unanticip�tcd
<br />dis6ursements ar disbursemcnts befvre the Borrower's paymenls are available in the account may not be 6ased on
<br />amouqts due for the mort�ttge insurance premium.
<br />If thc qmnunts held by Lander (or Escrow Items excced the a�nounts permilted ta be held by R�SPA, Lender
<br />shnll account to Borrawer for the exceas funds as required hy RC5PA. It the amounts of Funds held by Lender nt uny
<br />time nre ntit suffieient ta puy lhc �scraw Itams when due, l,ender muy notify the Dnrra�vcr and raquir� Borrower to
<br />make up the shartnga us permitled by RESPA.
<br />'1'Ite Cscro�v Funds are pledged t�s additionul security for uIl sums secured by this Security instrument. If
<br />Iiorro�ver tenders ta Lender the Full payment of all such sums, Barrnwer's accaunt shall be �redited with thc bafance
<br />remair�ing for all inskullment items (a), (b)� and (o} nnd any mortgage insurpnce prqmium installment that I,ender h�
<br />not bocame obliguted ia puy ta the Sacretary, snd C,ender sl�all prumptly refund uny excess funds to Borrower.
<br />Immedialely prior tn n foreclosare sale oF the Praperty or it� acquisitian by Lendcr, Botra�ver's accaunt sltaEl be
<br />credited �vith any bulunce remaining far all installments fnr itetns (a), (b), tind (c).
<br />3. Applieation af Paymenta. All payments under puragraphs l und 2 shall be upplicd by Lander �s lnllawa:
<br />First, to ihc morl�age insurence premiurn to be paid by Lender tn the Secretury or ta khe manihly chmrge by the
<br />Secretary instead of thc month[y mortgage insurance premium;
<br />Secand, to any taxes, special assessmants, leuschald payments or ground rents, nnd fire, flnod nnd other h�rd
<br />insurunce premiums, as requirecl;
<br />Third, tq interest due under the Note;
<br />Fourth, ta umorlizntion af the principal af the Nate; and
<br />Fi�, to lnte ahurges dua undar tha Nato.
<br />�4. Fir�, Flaad and Otl�er Hazsird Insurunce. Borrnwcr shall insurc all improvements an the Property, whether
<br />naw ln e�istence or subsequemtly erected, ag�inst any h�rds, cusugllics, ancl contingencies, including fire, for whinh
<br />Lender rcquires inSurance. This insuruncc shull ba maintaincd in die �unounts and far the periods thal Lender
<br />requires, Bnrrawer shall also tnsura ali improvements an ihe Prnparty, whcthcr naw in existence ar su6sequently
<br />erected, agpfnst lnss by floods to the extent required by the Secretary. Al) insurance shall bs cArried with comppnies
<br />approved by Lender, '1'he inaurance pnlicies and any renewa�s shAll be held by Lendcr nnd shall Include loss p�ynble
<br />clauses in Favor of, �+nd in a form acxeptable to, Lender.
<br />In the event nf loss, �orrowcr shnll givc Lender immediate notice by muil. Lendcr rnay rnfilcc prool'nf loss if nat
<br />made promptly by Bnrrower. �ttch insu�ance campany concerned is hereby authorized And directed tu muJ:e paymant
<br />far such loss directly to Lender, instead of tv Barrawer and to Lender jointly. All ar any p�rk of tho insur�nce
<br />praoeeda muy 6e applied by [.ender, wt its option, either {a} to the rerJuation oP tha indebtedness under thc Nnte and
<br />khis 5ecurity lnstrument, Frst to any delinquent nrnounts appEied in the arder in p�rngraph 3, und then to prcpnyment
<br />af principal, or (b) to the restor�ttan or rapair oi' tha dama�ed PrQperty. Any �pplication af the proeeeds ta the
<br />pr[ncipnl shall not axtcnct or postpane the due dnte aF the monthly payments which Eire referred ta in p�rngrsph 3, or
<br />chanee the amaunt of such payments. Any eatcess insurance praceeds over an Amount required to pey All outstAnding
<br />indehtednesa under the Nala nnd this Security Instrument shul] be paid to the entity legally entitled thercto.
<br />In the event nf fnreclasure nf tltis Security Instrument ar nther transfer at titla to the Praperty that cxtinguishes
<br />the indebtedness, ttll ri�ht, title und inkCresl ot' pvrrawcr in and tv insurunc� palicies in force shall puss W the
<br />purchsiser.
<br />S. Uccupnnry, Prescrvntinn, Maintennnce und Prntection of the Property; Borrower's L,aan App�icati�n;
<br />Les�sC6pld5. Hnrrower shall occupy, astablislt, nnd usc chc Prnperry as Barrawer's principal residence within sixiy
<br />days aftcr tl�e cxecutinn of iltis 5ccurity ln�krument (nr within sixty days af a Eater sale or lransfcr af the Properry)
<br />euid shall continue to occupy thc Prnparly as IIarrower's prinoipal residenGe far at IeasL one yeur n�tcr the date of
<br />uccupancy, unlcss Lender detcrmincs that rcyuirement wi![ cause undue hardship for Darrower, or unless cxtanuatin�
<br />circumstunces axtst which ara beyand Barrawer's cnntrnl. Barra�vcr shull notlfy Lendcr af uny extcnuatin�
<br />circumstances. Bprrnwcw shall nat cnmmlt waste ar destrny, damage ar substantially chnngo the Property nr a.11nw tlia
<br />Property to detcriorntc, re�anable wear and tear e.�cepted, Lendcr may inspecL th� Prnpnrty if tho Praperty is vacnnt
<br />or ubundtined or the laan is in delaulk. L,endar may lal:e rensonable action to prntcel �crd prescrvc such vacant ar
<br />2Q9D-7696488 10D049700017733512 /f,+�J, 9964
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