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<br /> Londar mny, al eny tme,colluct nnd holtl 4moun�a 1or [ccro�� Itemo ln nn apprcpato Cmounl not to exceHd the mAxkmim
<br /> umount thnt may be requYad tar Bo�ruw�a eacro•..eCanunt under tha R+aal Estattf�nttWmen!Prar.aAures Aot Of 1971, 12 U.9.C.
<br /> §26p� �j �qy,4nd Implerr►en�h0 repuletlons,24 CFR PtA 3500,�s they may bo amsnd�d from time to IVne ("REgPA'),except
<br /> thet tho cushbn or ro��rve permlltad by REtiPA for unf�ntiCiptt�d dbburs�rtwnts or d�`u,nwnwi`�b�m ra the Horrow�'n
<br /> p�ymmta on av�IybM h lh��ccoant m�y �ot b�b�t�d on amounta due for lh�mortp�po
<br /> 11 tha amounte hetd by L�ndir t�t Escrow INms sxc�sd th��mounts p�rm4tsd to W h��d aY���� �M�6hYN�CCOUIIt ,
<br /> to BOrrow�r fof th��xC�tE tdnda c�taqu�nY���i BOROwM�nd nquY BOrrO K t�LrtN►c�up lh� �hoR�p���1p�Mt�tby
<br /> pay lhe Escrow Items when due, Lmd�r y MY
<br /> . •� RESPA. r
<br /> �:;;�sr� The Escraw Funds ue pledpQd a�addNbnal Ncuriry for�R sums s�und by thb S�curRy Inttrur►�rit. If�ortow�r t�nd�r�
<br /> ,y,,,,�,,.r.�► to lsnder the tull payment ol tll wch sum„s8anca prwnlum InstR�krw^t thatdLender�h sh���bYCO�ob 1QaUdrtol'p yt t�o
<br /> ° Rems (a), (b), and (c) and eny mat4tW rbr to�loroabnur�saie ot ths PropKt�► —`_
<br /> ' Secretary,and Lw�der ahaH prompty nNnd�ny acas tunds to Barrower. Immedl�tey p �_i
<br /> ' � or ke acqulsNbn by Lendar,Bortowars 4ccount shall br erodkod wRh any baknc�rwnatnhp lor all hstaWn�nti(or kems(s),(b). �_
<br /> �� and(a). —�
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<br /> . ' " �. 3. AppIlcAUon oi Peyments.Ail payments under Ptnpnphs 1 and 2�rhall ba apPlied bY L��o�toibws:
<br /> �r. FirSt,to th�mortpepa hsuranco promium to ba pald bY l.endM'to th�Sicrotsry or to th�monthy charqe by the 3acuury ��'•_
<br /> �y klsltf811CY�6�1111Jm; _
<br /> 4t hstea4 ot lhe monthty mortyepe
<br /> � $�Cpnd� to any ta�ces, speciai os�'�m,."+Ue. h35ehold PgY�ta or pround runts, and fin, lbod and otha havr c-
<br /> hsurnnce premiums,as requted; �`—
<br /> " � Third�to fnterest due under the Noto; —
<br /> Fourth,to emorttratkn of the princfpal�f tho Note;and ��,1
<br /> , '� �� Fltth,to late charpes due under ths Nots. —
<br /> 4. Fire� Fiood and Other Hazard Insurence. Bortower shaU hsure tN hiProvanente on tha Property�whWhw �_�
<br /> now In existonce or 6ubsequently areCled, epahst any hazords, casunFlias,and contlnyM►cka. InCluding fire, lor whfch Undw =_
<br /> � requ{re5 hsurence.This InsurQnce shaY be mahtnfned In the unounts end tur the p�rfods thtt Lander requiros. Bortower shaM _
<br /> � also Insure aN improvertiw�ta on lhe Propwty. whethe�now in aistance er subsequenty erected,epainst bas by fbods to the
<br /> extent requlred by tho Secretary.AM Nsurance ahaM be carrled wkh companN�s ePProved by Lende�•The Insunnco policfes�nd
<br /> • any renewaN shaN be hold by Lende►�nd shaN Includa bss pQyabN�ses h hvo�t�� �p oof�otbbas•if not rtKCf�
<br /> - '. ,,�:.;"� In the svent o} bss. BoROw�r shall pnre i.widK :nawu:r s...,... b; m- -- �'
<br />,,��.,� �,�,� promptly by Bortower. Each hsurtince compeny concemed Is horebY authorined e�d dlrect�d to make payrtNnt for such baa
<br /> ' �•i� directry to I.ender,hstoad ot to Borrower and to Lender Johty. l41 or any paR o!the hsunr�c�Proc�ada may be �PP�by
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<br /> _; .;,tr;.,� Lender, at Rs optbn, eRher(a) to the reductlon ot the hdebtedness under the Note and ihb SaCUrky InaWment, first to Yny
<br /> Nti;;��; . delhque�t amounts appllad In the order N Pareflraph 3,and then to prepayment of princlpal,or(b)to th�restoretbn a r�lr ol .__
<br />"N:;��� tho damaped Property. Any app�fcatbn of the proceeds to tho princpal ahaN not extend or postpo�� the due daU of th�
<br /> monthiy paymants which en rolerred to h Perapreph 2. or chanpe tha omount of such payrrwnts. MY sxcess hsurueeo
<br /> '�`- -�
<br /> i°«:"l�_��� prxeeds owr on tmount requfred to paY aN oul5tendlnq indobtodness under the Note Nd thb S�curRy Instn+mont sh�M b�pa
<br /> . ;�� to the entky bgaly entilled Ihereto. '-
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<br /> In the aaa:t of tor�cbsuro of thls Securfty Inatnimeat or othor uanster of tkle to ths Property that exti�putshss t
<br /> _ _=;.-.� InddriYbtedness,ctY r1pP�4 tkie and Interest oT 8orrower In and to�isurence poNCles In torce sna�{u�sa��t��G�����w.
<br /> ��;�,���;.�.=r.� 5. Occupartcy, Preservetlo»� Matntenanca and ProtecUan of the Properiy; Borrower's Loan
<br /> =�`;�� AP�IIICl1UOflQ LCSEEh01dd. Borrower sha8 cecupy,establlsh, and use tho PropeAl'as Borrowers prtrx;Ipat resWwice wkNM ___
<br /> sbcty days aftor the executbn of thts Securky Insw►nent(or wkhh abdy daYs of a Iater sab or tronsta�ot the Property)4nd sh��
<br /> + ^ conthue ta ocoupy the PropertY as Borrower's prinofpal reatde�ce 4ar at Iea84 ono ye+v aRer the dat� ot xcupancy, unless
<br /> °�— Lender dotermines thnt requYert�►t wIY cause undue h�rdshlp for Borrower,or unl�sa wRsnuathp sincumst�nces eocfs4 whlch an
<br /> -":=:�_-'�.�� beyond BoROwere oontrol.8orrowet shstl notHy Lendar o1 any eoctenuathp cfrcumstanc�s. Borrowet ahaU not commk wasta or
<br /> _���� dest►oy, dameqe or substantlsly chanpe the Properly or albw the PropertY to deterbrats, rNSOnable waar and tear excepted•
<br /> - - � Lendor may hspeCt lhe Property M the ProgeRy Is �AC.ant a abandoned or ihe ban Is fn ds/tuk. Under maY tak�roasonnbM
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<br /> actbn to protect end preserve such vacant or ebandonad Property.mona�re�shaN also ba fn defauk It Bortower,durfnp th�b�n
<br />���� applbaelon process, pave mnterlaly fetSe or Inaccurete hformotbn pr atntements to Lunder(or taUed to provlds Lender wRh any
<br /> -- — — mater{al hformatbn) h connectbn wkA tM ban evklenced by the No4e, Inoludlnp.but not Wnitad to,ropresentatbns concxnM�p —
<br />-_.�-.•:�� Borrower's occupancp of the Property as a Drincipul rasldonce. If thls Securty Insirument fs on a basehold, Bortowx shtY —
<br /> T.:i.L-T-=rw•71 = .
<br /> compty wYh tha provulana at tha tsaao. �} BOROL'J8f QCQUkpA ies titb to the Property� th� IeasshoW a►d he tRfO shaN not b�
<br /> - _:M�.'`�-s� msrged unless Lendet a�rees to tha rtwr0er in wrRhp.
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<br /> 6. Condemnetton� The proceed� ot any eward or ci�im t�r dnmaqes, dlrect or cons�quentlnl. In connectbn wilh $ny
<br /> '`� ` �� •�:� CondAmnatbn or other taklny ot any part of the Proy9rly, or 1or conveyanco h place o7 oond�+nnatbn,are herobY as6YZn�A �ed
<br /> ���.'����s: '• Shell be pald to Lender to the exlent of tra ��II amaun. �! iho hdebtedneas that remaha unpald undK the iYotO and thb
<br /> �"���'•'' ' �, Security Instrument. lender sheN appy such proceeds to the reduotbn of the Y�debtodnoss undfx lhe Note end thks Secur�y _
<br /> ' ment o} D����
<br /> � ��-��;�' Instrumer►t, frst to any delhQua�t e�w'���e QPD� „ the order Provldod h Pnrayraph 3, �nd lhon to propaY
<br /> :.r.i'.:+.i
<br /> - •°i;'• My a�pA�►tion of the proceeds to tha prhCpal shall not extend or poatpone the Oue date of tho monthy poymaus, whcn w
<br /> ' •~ referred to In PeraQrEPh 2�or Chanpe the nmount of auoh payrtwnts.My excess proceeds over en�o`����to.to pay IN
<br /> - .�t•,:.�'_ outstendhy hdebtednass under the Note and this Sccurky InsWment ShaN be R+��d to the onYRy tepa�y
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<br /> , .� 7. Charqes to Borrower and Proteciion of Lender's Hiqnis in ine R�N��•�. ���a ••�-►=� —
<br /> ��-• ��.� povemmental or munbtpel ohnrpes, ihe� and U+tposRbns that � not haludad In PuaOtiPh 2. BoR°"�°� 6haN p�y tY�ise
<br /> obUgatbns on timo dlrect7 to the eetky whtch Is owerf ths payment. If(allure to pay would adversey etf�t Lender6 intaDSt h
<br /> — the Propmty,upon Londers reGuest Bortower shaN prompty fumfsh to Lender rectapt$evlde"cln�these ptyments.
<br /> If 8ottowOr ta8s to m�tce these paymertt�or tho payments reQulred bY P�raq�ph 2 or f�Ils to pKtortn any other co�enenls
<br /> ` nnd aqreementa contahed h thls Security tnsWment,0�there Is a lepa�P����Q that mey t�bnkiClutty aHeCt Lenders rlphts h
<br /> � the Property(such aa a proceedlnp h bankruptcy, fw aondemnation or to enforce I�ws or repulatbna),thrn Lender may do �nd
<br /> ', pay whatevor Is necessary to protect the vebe o1 the Property Rnd LendePs rfyhts In the Property,hctudlnp peyment of texes,
<br /> _ ' herard hsucanCa and other Noms menttoned In Pua9rePh 2•
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