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<br /> *�t,�. If the amounts held by Lender for E.�cmw Items exceed the amounts peruiittcd to be held by RESPA, Lendcr
<br /> ���.�._ .� shell Account co Borrower for the excess funds ns requiredby RESPA. If thn aznounte of funds held by Lender at any �,
<br /> ; tlme is not suf8cicut to pay ttte �scrow Items when du�,Lender may notify tha Borrower and requirz Borrower to
<br /> ���,� make up the shortage as p�:trnitted by RF.SPA. ,
<br /> r` ' ' The Escrow Funds are pledged as additioaal securi�y for all sums secured by tuis Security Insttument. If .`
<br /> � � Borrower tendera to Lender the full payment of aU suc?n sums,Borrower's account shnll be credited with the b�lance -F ��,
<br /> '� � nmaining for all installment Items la),(b),and(c)and eay mortgage insurance premlum instullment that Lender has .;`_
<br /> "� not becoma obllgated to pay to the Secretary� and Lender shall promptly rzfiind any excess funds to Borrower. : ;_�..
<br /> ,.i. :__
<br /> Immediately prior to a foreclosure sale of the Property or its acquisition by Lendor, Bonower's account shnll be ,�,..�`:
<br /> ��, =:, credited with any balance remaining for all installmeat� for itoms(a).(b).and(c)• ,t�=`_._
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<br /> - 3. A�pllcaUon of Pnymeats.All paymeats under puagraphs 1 nnd 2 shall he Applied by Lcnder as followa: +.
<br /> �, to tiic mortgagc insuran:.e Premium to be pald by I.cnder to tlie Se�.rctary or to the monthly chargc by¢he �.,_�
<br /> ,:�:r�::..;.:�� ��_�
<br /> Secntary inatead of the monthly mortgage insurance premium; L
<br /> � • c�g����o�ny taxes,ypec;al assessments,leas�hold payments or ground rent�,and fae.flaod and other hnzard �,
<br /> .—:=��t.;';; , insurance premiums.as reclnlred+ --
<br /> ��1 "' �,[o interest due undar the Note; �s_
<br /> �'`' �.��: �i Fouttli,ta ama'rNzation of the pr[ncipul of the Note;and _
<br />:_':;:��;`����'',,. ; �,to latc�.�l;izges due under the Note.
<br /> � ��, 4.�����a�ti�.g A Z�I I n s n r a n c e.B o r r o w e r s h a l l i n s u r e all im provements on the Pro�nrty, whether _
<br />-"F:�`v�M. now in e�sistence or subsequoatly erected,against anY Izazards�c,asualucs�aad contingencios, including fire,for whicli =-
<br /> -, ; '�c, Lender requires insuranco. 'Thia insurance ahall be maintained in the amounw nnd for the pariods that I.ender _.
<br /> �,ts `;,J. 1
<br /> renuires. Borrower sbnll ale.n insure all imProvem�nts on the Property,�whethnr now in�P ic�ance i��ub�ecN�g _
<br /> ` '�". ereeted,agnittst loss by tloods to�ho oxteni iequited'oy iuc�cLactary. .-._.in�.����-� �
<br /> r+A�a'�. licies and en renownls shall bo held by Lender and shaU include losa payablo �
<br /> i��.�;�;�,:�'y, �PProved by L,�uder.The iusuranca po Y
<br />- ;:.t,h�; 'y;r clauses ia favor of,and in a forra acceptablo to,Lender.
<br />�`•';�;,�.:,,:, In the event of loss,Horrower shall giv�Lender immedlata notica by mail.Lender xnay mate proof of loss if not
<br />--�.`'�''':`':�, � made promptly by Bonower.Each insurance comPaay conocnn°d is hercby authoriud und d'u�ected to make pnyment
<br />_--�����, for such loss directly to Lender, instead of to Borrower ead to Lendor jointly. All or any part of the insurance
<br /> ,._��;.,� proceed�may be applied by Lender. at ita opdon,eitber(a)to the ceducdon of cho indcbteclncss undcr thc Notc and
<br /> _�.�.A;� this Security Instrament,t3ret to ony delinqaent amounts applied In the ordor in puragraph 3,and then to prepaynnGat
<br /> ---- of pdnefpal, or(b) to the nstqration or c�epsdr of tt�e damagal PcoPenY. AnY �PPlt��on of tho proceerla ta tho
<br /> -��z=� h 2�or
<br /> ___�= prtncipil ahell not extcnd or postpone the due datc of tbe mont7ily paym�nts which aco refoned to{n puragrap
<br /> ��' ' change the emount of such paym�nta.My excoss inswance procoeda over as omounnt required to pny all out�tnnding
<br /> --�—� indebtedass�w►der the Notc and this Secudty Insuv�.ent�htll be paid to tho endry icgally cntitlod��A cxtin ul�has
<br /> - — In tha event af foreclosure of this Securiry Iastr�mr.nt or other transfor af tltle to tho Property 8
<br /> � tho indebtodues�, all dght, title and interest of Borrower ia and to iaaur.inoc pulicles in force shall puss to the
<br /> - -- • purchaser.
<br /> � 5.�ocup�cY+Pn�se.roation, M�tenauce aad ProteMton ot tho Prope=tyi���n''s�Application;
<br /> �,�seb�Old�, aonower shall occupy,establish,and use tho Property as Borroa'er's PrinciPal residenoe with[n ai�cty
<br /> - dnys after the execution of this Saurlty In�stnament (or within si�cry days of a latsr salo or tranEfer of thc Fropesty)
<br /> - snd shell contlnue to occupy the PmportY as Borro�+er's principul residcncx for at least ono year after tlia datt of
<br /> occupaucy,unless Lender determines that recluinmeat will cause undua hard��lp for 8osower,ur uulo�a extenuating
<br /> _===_— circu�os�anoes eaist wbic;h are beyond Bornower's oonuol. Borraa��r sYsaU nodQ� Lruder of eny extenuating
<br /> �;rcuipstwocs,Borrower shsll not coma�it waste or desu+oy,damage or eubstantially change tho I'ix�poriy or�vacant
<br /> -- rroporty to dctcriorate,nasonablc wcar and tear excepted.L.ender mEy tnspsxt tho PresPcny if tht P►r�porty
<br /> .� or abandoned or the loan is in default. Lender may take reasonable acdott to protact and�ptutenre such vacant or
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