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<br /> I!4he amounte hald by i.ender for �cro+v Items exooed tho�mounte permitte,d to b�hald by RUSI=A, r
<br /> I.er►der ehdl iccount to Ac�rrowGr t�r tho excce�tunAe a required by R�.SPA.It the�maunte at tunde hold by
<br /> Lender�t�ny time�ro not sufticlent to p�y tho k?scrAw Iteme�hon d��e.I.ender m�y notity ti�e Borrowar�nd
<br /> roqutro BorroNCr to make up the ahoruge�e permitta!by RESPA„
<br /> The Eecro�v Pends�re plad�sl�a additton�l eocurlty[or ell suma Becured by thie Security InstrumGnt.It
<br /> Horrower tendera to i,ender the iull�yment of all euch eume,&�rmwer'e account sh�ll be crafitod with tho _
<br /> bal�nce remdning for all ineullmentlterne{�),(b),and(c)�nd�ny mort���e Insuranca promium ineullmcnt
<br /> that Lendor h�e not bacamo obligYtod to psy to the Secretary�snd I,ender ehdl promptly rofund eny excese
<br /> iunds w Bonoaer.ImmodiAtely prior to a foroclosuro salo of tho�'�perty or �te ecquieitiun 6y L.ender, _
<br /> Bonawer's account shall bo cmdited a ith sny belance rcmaining fmr sll inetallmento for iteme(a),(b).and
<br /> (c),
<br /> 3. Application ai Payrn�ats.All paymenta undor�aragnphe 1 �nd 2 eh�11 be appltod by I.cnder as
<br /> lollor,►r; -
<br /> Fiset,to the mortg��o ineuranco premium to be paid by Leader to tho Secrotary or to the monthly charge -
<br /> by the Soc,rotary inetead of tho monthly mortga�o insurance premium;
<br /> Second,to any ta�rs,spxial asaeasmente,lcasehold paymente or qround rente,and firo,flood and nther
<br /> hazard ins+s�r�nace premiume,as required;
<br /> Thircl,zp intorest�dne under the Note;
<br /> Fourth,to nmortiution oi tho priacipal of tiie Note;end
<br /> Fiith.to lato cAtrges dua under tho Note. '
<br /> 4.Fir�,,Flood snQ Other H�z�rd Inruraace,Hr,nower shell inaure all improvementa ori tho Froperty,
<br /> whether a�w ia axietei�ccor subaeq�uently erected.egai�tet eny he2ercis,casualtiw,snd arnti�ngencies�including
<br />• fire, for Whic� Lendex r�quirea inauranco. T'nis ineonnoo enaiI oo mainia3�� I�� ¢;a��;�-ir� *,'z�f�r iha
<br /> patiods that Lereder fe{��is8s,BocroHer ehall aldc� tasure all improvorraenta'a�n tho Propa�ty,whether;no�in
<br /> e�atence os eubsequently�ereeted,r�gainst los9 by ilbods to the exteat rGquir�ed by tho 9�crotery.Al�i�s��nco
<br /> sh�ll be c�aaiod with comp�aies ap�prmv,od by Lendar.Tha inaura�ce policiea nacl any renow,�ie ahdl be�eld by
<br /> I.ender�nd sha11 incluck lose payablo elauoes in favor mi,and Ia a Porm accoptsble w,Lender.
<br /> In t1►e event ot lose,Borroaar ehall givo Londer immediate notioe by mail.I.ander may mske proof ot
<br /> loes i!not m�cle promptly by I3orroMer.Fach insuraaee compnny oaoc.�rnod ie heroby suthorizod and diroctod
<br /> to make p�yment tor euch loes directly co Lsnder,inatead o!w flomoMa and to Lender jointly.All or any
<br /> �art of the inauranoa pr0000ds may be appfied by Lender, at ite option, either (a) to the reductlon ot ttre ,
<br /> indebtednee�s under the Nota tnc�thie Security Instrument,tiret W any delfrequent amounta applied i�tbe order
<br /> Yn P�i�'+�Ph 3� and 4hai w prep�ymetet of principal, or (b) W the reetoradon or rapair of the dam�ed
<br /> Propertq,My appltcation ot ihe procaode w tbo principal etWl not e:ta►d or postpone the due dite of the
<br /> monthly p�ymente ahich are referred to in peragaph 2,or chan�e the amount oi e�h paymeats.�.ap e�oes�
<br /> inauranct proceede ova sn amount t+equirod W pay �ll outstandin� inckbtednoee vnd�r tho Note�d thla
<br /> Security InetrumGnt shi11 be paid La the enrity leg�lly entitled EhereEo.
<br /> In the event of foroclaruro oi this Se+c�►rity Insttument or other tc�nefer ot title to tho Proport�r that
<br /> �:tin;uiehae tha indnbtedAxee,�1 ri�ht.titlo and Intorestof Bormxer in and to iasuranoe policiae tn foroe aha11
<br /> p�eA to t!►e p�n chaxr.
<br /> : S. Occup�nay. Preserv�tion,Maintensnce snd Protoctiaa of the Praperty; Bonawer's, Loau
<br /> Appliation; I.os�ohold�. Borrca�o.r sh�ll occu �r,esublish,�ad use ttm pecty�Bortow�e pfincipd , ,
<br /> � raeidenae w+itbia c�irtq dey�dter the vxvaution o!�s 5�cudty Imtrument(or Mi�tl�in airty d�y�e o�a lster sete ar
<br /> ; tnrwfecot the Property�oad shsll amtinuo to occupy tho Property ae Bncro�ver's pri�pal ret�dence tor atla�et
<br /> one yeu aiter the date nt cticcupaacy,unloes LGnder dotamines that requirement�rill cauee wEdue hudahip far
<br /> BorroKCr. or ualec+� ertcntuttng circumstanas��aciet Mhich aro bcyond�orroxor's oot►trol. Barroxer shalt
<br /> � n�tity Lender af my erteawtiag circumstanoe�. Harco�ver elull not corrarnit waste or destmy�cumago or
<br /> + subatand�lly change tho Pnoperty or alloa+ ttie Property ta det�eriorate,reesoaablo Reu and tcu exceptod.
<br /> j I,ender may inspoct tho Property ii the Pcoperty ie vacaat or r,b[u�donor�ar the loan ie in default.Lendet rnay
<br /> 'r take rcaeosuble actioa to protect�nd pre��rvo such vacant nr abandoned Property.Borrower shall afso be in
<br /> deiau�t it I3orroiva,�ifw3u�tho loan a�icaticm ptocose.gave meterially Relse or in�ccurate infornae��ion or .
<br /> statemente to I.endor +�or fuled to proviae I.endor•�rith any matorial information)in cnnnection with G?�o In
<br /> �,A�? cMOno, .u.�.}• InNI 1 .
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