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<br /> , Lw�� n�y. �1 �ny iinw. c�oYrct anci hoid omounlr Wr E�a+ ti*nr b u� rqqru{�ala r��au�d�wt to wccwwi iha nw►i�n�u -
<br /> N!ilOWll l��wZ HMy IW IrCjLLil4d IM BOffOWK�YtCfOw�ccounl und�r IM R�rl Estnl�SNGrrn�nt Proc�dwN Acl ol 1G7�, 12 U 9.0
<br /> J 2001 � s�,q. and h�p{�nMntinq rpulatlons. 24 CFR Pari 35G�.as ttray may b��rnrtid�d kom tlrtW to im� �'eiESAA'). �xap! �
<br /> tAat tM cushbn or r�rv� p�rtnitt�d by RfSPA for urw�s:cip�tad disbuno�wNs or diaburs«nr►1• Wlor� lhs Borrowr'�
<br /> P+Ymonls u�avuaWy in th�saoount m�y twi b� b�sad on u►�oun{s dw lor Ih�mort4spa iriwriuw�pr`nwum.
<br /> 11 thv �nowti: hiiJ 6y l�nd�r tor Esuow fi«n� wcc:Nd ti�sirwuMs p�mit{W to b� hrd by RESPA, l�r�d�r sAaY�s:counl
<br /> to Bwrow.�►fa th•�xoiu i�x►ds ss r�qukcd by RESE'A. N the ama+�ts of iw;ds Mtd by Lw�dK W�ny twn��r��wi wMic�r►t to
<br /> WY th�Earfow It�mc utwi dw,UrW�r t�y notdy th+ Borta�rar ir►d qyuin Bonnr.�t ta m�ke up the �Aortaqi�s p�rmitsad 4y
<br /> iiESPA.
<br /> Th�Esaow Funda an pl�dq�d aa �ddiUa�a1 �aauiry Wr a!1 wms sacxu�d by this Sacwity Ins4urtwnt. R Borrnwx t�r►�s
<br /> to Lender the tuY paymt�t o!�!suth sums, 9otTOUrr's sccou.�t shatl b� crnd�lad with tha bsLsnc�ranainlnq tor �!I Inslal�wnt
<br /> k«ns (�). (b), �nd (c) ��d any moRy�Qa hsurana pr�n�kun instaYmenl that L�ndar has not bacano oblip�t�d to pay to th�
<br /> S«x�Wy, and l�nci�►sAaN prompty rMu�d any exuss fiu�da to Bortow�. Irm►edi�t�ty prior ta a tonctouue sal�o!tha PropMty
<br /> a Ns aoqukftlon by L�ndu.Bortow�r's aacowN stW b� a�dit�d with �ny b�nca rurwinhp lor �il insta�nK►ts for itanu(ay. (D).
<br /> and(c).
<br /> 3. AppUcatioll of Paymanb.AM paym.nts unda Pu�qraphs 1 �nd 2 shaY b��ppWWod by l�as bMow�:
<br /> Fifs� to the matpaqe Inaur�ncs pr�rnium to b�paW by LendK to tha SacrNUy a to tM monthly ch�rq�Dy t!w S�a.i�y
<br /> inslepd of th�monthly mortpaye Inuuanc�pra�un�;
<br /> S�C011d, ta any taxa, ap�ciol aasacanNnta, la�s�hdd payments or qround [�t►is, and ire, bod and othr hazird
<br /> inwranco�nrr�ums,as raquind:
<br /> Thtrd,W�Itr�st dw wulw the Nots:
<br /> Fou�'th,ta.�unorta�tion of Uw princlpal ol tM NotR rnd
<br /> Fi(th, to lul�ctwfles due und�r the Note.
<br /> 4. Flh. Flood and Ottl�r HaZaCd ttlturattc�. Bortoww sha11 ins�u� al1 improv�ts on the Prap�ry,wMth�r
<br /> now in extsta�ce or subsaqusnUy roct�d ag�inst�ny h�ands.casual�es, �na conthqandw. indudiny �n. br whkh L�ndK
<br /> roqutes inwru�ce. rnis inwnnc.srwN oa mrins�a in n�e anwunts and for sna p«ials u�at �«tider nquira. Bortowar :nat
<br /> also huu� U lmprov�rtwnts on th� Prop�ty,r!ulNer now in adstar►c� o►subspuauy��ct�d. apainst ioss by floods W th�
<br /> �dont rpttind by t!w Socntary.All insuratw�e sl+at Ce cartird wRh compat�s apprav�d by l.�di►.TM inwancs poiciss and
<br /> any�en�wals shaN be heid by lend�r and sAai hcbde fosa WY+ibi�claus�s in favor W.�nd fn a torm accrQt�tbM to. l�nd�r.
<br /> !n tM r�ar►t ot bss. BoROwa shar piv� t�ndr irm�diat� notica by m�il. Lend�r m�y m�k� proof o! bss if not nrd�
<br /> pronwtly by► ewrow... Eaa� insur.nc. sompany ca►c.rr►wi is neroby authoraed ana dir«xea to nrin paymra tar aud, bss
<br /> d'rsctly to Und+r. inst�ad of oo Bortoww�rsd to La�d�sr johtty.AC a any part ol the ins�uu�c�Pro�� �Y � �PP�d bY
<br /> Under, at iis optlon, � (a) ta the red�u.�tion ot the fidrbte�has wtida tha Not� and this � y Ins�ru. ftsE io �ny
<br /> d�nqwnt atnatuits a�Wed in th�order ia F�traqrapt►9. r,nd than to pnpay�wnt of ptincj��l,or (b)to ttW nato�tlon a np�k of
<br /> Ut� drrnaQ�d Propqty. My appiiration cE tlsa proaeds ta the prir►cip�i th�N not �nd or poa�orM the dus ddR of tlw
<br /> n�o�nthly Wyments wtach �re rslerred w irt Paraqnipt� 2, ar d�npe tR� artaurrt oi sucA pay�nrits. My �xcess �a
<br /> pras�dc ovr�n amount roqufrad to pay sil outstand'ns i�btedness under the Note aad tNs Secu�ily hsln+aa�nt sM1 trrt�aid
<br /> .__. to th�r6[y lrp�y��nliB�d fhwto. _. _ . _. _.. ... _ _ .---�---...---- ------ —=--==----
<br /> In the w�nt of toncbsun of thk Svarrity Instru+nent or othcr hIItestar of Wb to tl� Ptnperty th�t aQinyufshea 1M �
<br /> indobt�dn�ss,l�ripht,titl�ant!int�tYSi o1 Bortowor in artd to irisunnw pcl�dK ln toro�aht�pass to UN purclN�M.
<br /> 5. ficcapancy. Pws�rvation, i�7air�nsnc� and P��clion of f� Prap�y; Bcn'owr�'s L�oan
<br /> Applkatiolli L.�hOWs. 8orroww shal occupy. �staWish.�nd usa th� PropMty�s 8arwvr's principal ms�i�noe within
<br /> sbay d�ys attK ttN�x.aitbn ot tttls S�auity�rutrunwnt (a witNln sURay aays ot a�aar saM a tran�d tAt Prop�cty�and sha�
<br /> cot►tinw to oocupy th� Property as BormMSa's pY►rJpal nsid�nca tor ai Iwsi one yae aft�r the d�te of accupan�y. uni�ss
<br /> L�nd�r dd«tdn�s that requk«r.�nt wi ca¢sia andw harci�Np tor 8orrowr. a unfns�od�wNLinQ draxmi�non�dst wFdcl�an
<br /> bayond BomawaPs control. Bo�rnwe► shaY nc5iy L'tnd�c aE arsY e�2eru�es4 clta�c.�s. BorrowK sha/not catnttit w�lsi�a
<br /> de�roY. d�napo or wDstantidly chanye the PropMty cr alfaw 1M P�a�ty to dd�riaaa0� r�ona6�M wMr and trr ncc�pt�d.
<br />: Lander rtMy c�s�eot the Propxty if tha Pr��1y is vacat�t u ab�s��cr the ban is in dN��k.land�r m�y tYce nasonabMi .
<br /> acdon to prc,tr�and presrv�such varsc�t mr�bandoned Propwty.Bartcw�r shal also ba in cM(ault f! Bortow�t�d�xi�9 t(x Ian � .
<br /> �PP� P+��`+s. S�avQ tt�txiatly fafse a irwccunte info�mation a s�C�r�nts to Lenda (or t�to provid�Landr wfh arry
<br /> msutiN infor�fr�n)h co�csECiNn with the foan evider►c�d by the Na4e. indutliny,but nct fimitsd to.rapresant�tions conc�rnln9
<br /> Bortow�r's oax�{�ancy ot tfie Froperty as a princlpal raldrnce. H this Seauity kisUum+nt is o�a ie�s�hold, Bomower shaM
<br /> caripy with-.tik Provisions oi ths hss�. M 8orrowr acqulrQS toa title tcc tlw Pra�p�rty. th�I�as�tioW an�! be dtls shNl not W
<br /> mrped unles�Lend�r apnes to ths mrqer rR wriRinq.
<br /> 6. Cand�mnatton. '[he proce�ds cf�r,y wvard or cfaim tor dam�s. dinct a cons.queniiaal, in cnrv►.cbon w�fh iny
<br /> cond�nwtidn or ott�er takLtg nt ony part of the Piro�paty. a tor co�v�yar�in pMce oi oond�tnc�tion. w h�nEy aast�Md and
<br /> stul b� pald to Lander to tAe exient of ttt�fuy arrwunt of ths indatrtedruss ttut r�ins uripaid utad�r � Not�and tAls
<br />- S�auiry In�ttn+�r�w�i L�ndr shaY�pply wrh procNds Lo Ih� reductims at.the ind�bt�dn�ss undK tlee Note and this Sa�uity
<br /> t (nstrumwt�"firsl tb any tfeinquent arnounts appfi�d in the ordar provicS�d frr Paapwph 3. and then to ptypayntmt of prtnGpal. •
<br /> - MY�pie�att a�the procae�s W!he princi�sl sh�!na!auters�u Rael�aw tha dua date o'F the mor,:;�t PeYments,wtbch are
<br /> ; resared to k1 ParaqrapN �ar ctunqe Uw amount W wch paymw►ts. Any wccess praceds over an wnount roquired tu pay aY .
<br /> autstandn�indet>t�dnest undAr the I�lote and Ws S�cutity Instrwna�t aha!be paid to th��ntity (pa�jl �alitled ih�4u:
<br /> 7. Ct�ra�ss to 8onaw�r attd Rrot�ctlon of L�ndor's Hlghb in th� Prr�ty, 6orrow.► sn�l pay�I
<br /> gov�nnNntat or municipal charyea. fx�es wid impositiora that arQ not induded in Parapraph 2. C3an7wa sh+W pty tFwce
<br /> obYpWbr►s on tl�rw d'rec�y w th��ntity w:`:ch ts owad tha paYnwit tf taiva to pay wou{d adveraefy alfed L,ander•s ir+tanst in
<br /> tht P►operty,upo�Lenda►'s request Borrower shall promptly fiur�ish to Lander roc«pts avidenanQ thae payrnants.
<br /> If Borrower fails to m�k�thess payrrwnts or the paynwnts nquired bY ParagrapA 2.a taiis to putorm any other covenants
<br /> and aqrwrneMs containad in this Securiry k�umant,or thK�+s a I�gal Pro�w�dit�G��Y�+9�►��Y sdf�ct Lenci�P�ri9hts in
<br /> th�PrcP�rey lsuch as a procee�iny in badvuptcy.tor condK+x+ation a to onlorce laws u reyutaboru).then L�nder rruy do and
<br /> PaY whatevr Is necessary to proisci the valw of Uw Propary and Lender's rghts n Uw Rrope�ty,inc4uin� paYment of tazes.
<br /> hazard insurance and oUw itan►c�rw�Ho�ad in Parapraph 2
<br /> Fse�auNO cs,�c� a.�2�r s
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