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<br /> , " If the amounts held by Lender for Escrow Items exceed thc nmounts permitted to be held by RBSFA, Lender
<br /> ,;�;,,:�` shall nccount to Barrower for We excess fun�s ns required by RfiSPA. If the t�o�!^-'.s of funda held by Lender at any
<br /> .'�����"''�'' time are not suffictent co pny the Escrow Items when due,Lender mny notity tM Borro�er and require Bonower to
<br /> • � u�ake up the auortagc as perndtted by RESPA.
<br /> � The Escrow Funds are pledged ns eddltlonti securlty for all sums sesured by this Security [n9trumxnt. If _.,A�
<br /> Borrower tenders to I.eader the fuA payment of all such sums,6orrower's account shall be credlted with the balanee �, ��;-_
<br /> � �, t�m�ininQ fc+x all installment items(a), (b),�u�d(c)uad any m.,ongage insuraace premlwn instnllment that I.ender has ry�`'_,
<br />_ nat hccor�e obliBated ro�ray to the Secntary, a�.d Leader shall promptly refund aay eacess fimds to Boaower. ;;,
<br /> .,:;y_.
<br /> uumediatcIy prior to a foreclasuae sale of the I'rogerty or iu acquisicion by Lender. Bonower's account shall be _
<br /> ' „ creditcd witli any bnlana remnining fvr ali installments far items(a).(b),and(c). =_
<br />=i 3.Appiication oT lfiymeats.E111 gayments under patagrapfls 1 and 2 shall tr applitd by L,cnder as follows: �--__
<br /> ' Fi�,to the nwrtgag�insurance pnmium to be paid by Lender to the Secretary or to the monthly cherge by t he �-J=
<br /> �� $ Secrstary instead of the monthly mortgage insurana pi�emium; —�.--
<br />. . , � Second,to aay tauts. spccial assessments,leasehold paymenta or ground rents,and fin, flood and otlier hazard it��=u�
<br /> � i�surance premiums,a�s required� `,.�
<br /> � . ,,.� Thirca,to interest due under the Note; °
<br />- �i;. Fo� ,to amortizadon of t�e principal of the Note;end
<br /> � - Fi ,to late cdarges due under the Note. —__
<br />=;, .• • . q.Fyre�F1oa1�nd Other QazArd�urAnce.Borrower shall insure all innprovements on the Properry.whether _
<br />: now in existeace or subsequently erecto3,agaiast any hazards.casualties.and con��nBencics,including firo,for which _
<br />�.' � ` ` a��:,, Lendcr r�c�u3itis lnsurauce. This insurance shall be maintainal 3n th� amounts and for the perlods that Lender
<br />- requires. Bnaower snau atso iusucr. aui L;,yioz��.-ai� au s�e �^,.=m;. `•'•'h"��r nnw in existence or subsequently _
<br />�;,"::" ,. �,;. • erected, ugainst loss 6y flooda to the catent requlred by the Secretary.All insurance shall be carrled with companies -
<br />-;:� � approved by Lender. The insurance palicies and any btnewals shall b:held by Lender end sdall include loss payabl� �.^
<br />"'�`""" '�' clauses in favor of,and ln a form acceptable to,Lenflrs. �_;
<br /> --��,:��: `` In the evcnt of loss,Borrower shall give Lendcr immeciiate nodce by mail. Lender may maice proof of losa if aot
<br />'=�!•t�;: :k '.
<br /> s `-y"�`' made promptly by Boaower.Each insurance company concerat�J is hereby authorized and dlrectod to malce payment
<br />_--�•�-:.:.�:•
<br />'''-••`�-��. for auch loss directly to Lender. instead of to Boaower aad za Lender joiatly. All or aay part of the insurana
<br /> —�`=���� pcbceeda may be applicd by Leadar.at its opdon,eithsr(a)to the reduction of the indebtedness under the Note und
<br /> R�,,i wc
<br /> - ?="' this Security Insuvment,first to any delinquent aanounts upplied in the order in paragxaph 3,and then to prepaycaen
<br /> -:�=:=������v of principal, or (b) to the restoration or repair of the damaged Proport3+• Ac►Y aPPlication of the proceeds to the
<br /> �;H��. h 2, or
<br />�`—`�t4{.. princlpal shall not eatead or postpone che due daae af the moa��y payments which are refemd to in paragrap
<br /> �._n►`��� change Wa amount of such payments. Aay excess lnsurauce procceds over an amowat roquired to pay all outstauding
<br />=��t=�`�� indebtedness under t�e Note and this 5ecur[ty Ins3n�ment ahsll be paid to ths eatity legully antitled thercto.
<br /> '-'�-`-"�``'�� In the event of ffareclosure of this Secudry 3nstrument or other transfor of title to tho Property that eai�nguishes _
<br />- - - the indebiedness, all dght, title nnd interest of Borrower in and to insurance policies in fon;e shall pas� to the
<br /> purchaser.
<br /> -----�---_�� S. Occup4ncy, Freservotion, Maintenance and Pcotectlan ot We Propaty; BurroNa''s I.00n Applkation;
<br />���-T:� I,easE4wldv. Borrower shatl occupy, est�blis6. and use the Property as Borrower's prinelpal residence within alaty
<br /> ---- days efter the saecutioa of this Sxurity Instniment(or witt►ia sixty days of a later sale or transfer of the Property)
<br />,.,_,y;,,,�� and shall continue to occupy the Properry as Borrower's principal nsidence for at least one year after thc dau of
<br /> --��—� occupaney,unless Lender dttermines that requirement will caase undue hardship for Borrower,or unless eatenuaxing
<br /> circumstances e�cist which are beyond I3orrower's control. Qoaower shall notify I.ender of any oatenuating
<br /> — ° circumsteaces.Borr�nwer shall not cAmmit waste or desuoy,damage or substantially change the Pcoperty or allow the
<br /> - -�� Property to deteriorale,reasonable wear and tear excepted. I.ender may inspect the Prop�rty if the Property ie vacant _
<br /> -.�:�;�.� -_..
<br /> - -=_•-�!'A� or abandaned or the loan is iu default. I.ender may take reasonabte action to protect and preserve such vacant or
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