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<br /> Lender mey, nt any tkno, oolleCt and hold nmounte lor EeCrow Itoms In an aqprGpnto nmount nol to exC�� �{ho m�xlmum
<br /> amount that mey ba nqut�ed tor 13orrowor'4 osarow acaount un�r lho Roal Eotato�cltl�mcnt Procoduros Aot of�9Y4, 12 U.S.C. ,
<br /> -- -- - -- - • A�Q� ��.�d w��rma,tiq„y rYOUl�tlone, 24 CFR Ptrt 3b00, aa Ihoy may 6o smsndad Irom tLme lo time ("RESPA'), pxcept __
<br /> � thtt th� auehbn or ros�rva p�rtnRtod by RE&PA (or unentlopatad dbburaema�t� or dlsdurawn�nte balore the isorrower'e
<br /> � paymH►t� ue 4valkbfe In lhe tccount m+►y not b�b�a�d on amount�du�tor lhe mortpapo heurance prNntum.
<br /> If th��maunt� h�td by L�ndrr far EaarAw ItWm �xcNd lh�amount�pxmktod to b� hotd by RE&PA,L�ndor sh�ll account
<br /> � to Borroww tor the oxcass tunds Qe�equlraJ by RE&P11.If thi amounto oi tunde held by Lendsr at any time ara not suflbient to •.
<br /> � , „�• pay th�E�crow It�na wh�n du�,Lend�r may nolty lh�Bor►owa�nd nquY�BoROwer to mak�up the ehoRo�a os parm�ttcd by
<br /> RESPA.
<br /> ,,,,,;,,�.;,.�'�: Th� Eacrow Funds ar� �fsdp�d ae addkhntl s�ourky for oil auma eecur�d by thb&►curity Instrumc�nt.I} 8onower tendere �
<br /> �,��n• •�` to Undar the tuU psymw�t ot tll woh �umf, Borraw���aaaunt �htN b�oradk�d wNh th�baknc� rMnalnhp for all Netalhient ,
<br /> � ftems (a)� (b), and (o) snd any mort�ap� haurenc� pnmlum hstaltne�t that Lender hts not become obllyated to pay to the
<br /> Secrotary,and Lender sheA promptly refund any exceee funds to Borrowa.Imrrwdlatety prlor to n toreoiosure aale of the Property ,_
<br /> or ke aaqulsklon by Lendar, Borrowa'e tcaount ehaA b�crudrt�d wAh any balance rameinlnfl tor all kiatalknents tor Itsms(a),(b), -�u_:
<br /> and(o). -+�"�=�=�`_
<br /> � � 3. ApplleeUon of Payment�.AO paymonte undir Parapr4phs 1 8nd 2 shall be epplled by Lend6r as follows: �F:':,.�_-
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<br /> � FIPdt,to the mortpape hsunrco premium to be poid by Lenckr to the Secretary or to the monthy charpa by the Seoretary ��:(��,
<br /> Instead ot tha monthy mortpopu Inauranc�premluro� �`�""""-
<br /> � Second� to any taxes, spoolal tssessments, leasehold paymente or flround rents, and fire, flood and other harard �;`�--
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<br /> ' �{ hsunnca prambms,ae requirod; �
<br /> Third�to Nit�st dw under tha Non; `�'�
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<br /> ., �I}th,to I�to oharpes due undar the Nots. �-,'x'
<br /> •� 4. Flre, Flood and Other Ftazard Inwrence. Bottower ehell Neure flll lmprovemente on the Property, whether -
<br /> • now In exlstence or subsequentry ereoted, ayahst any haurds, oasueklea, and aontlnqenclas, Inotudlnp fYe, for whbh Lender ��
<br /> � requlres Insuranca. Thls hsursnce ohall bo mahtatned In the amounts end (or the perbds that Lender requkes. Borrower shell ___.
<br /> also Insure all {mprovaments on the Property, whetl�er now h existence or subsequentty erooted,agehst bsa by fbods to thi _ u
<br /> wctmt requtred by the Socretary.AN heunnaa chatl bc carrNd wRh oompanfea spproved by Laider.Tho hsurance palbiea and =
<br /> � ` any roneweK ehall bo held by Laidar�nd shaN Ineluda b�s payabM oi�us¢9 h fnvor of,and In a torm iecapt4bk to,Londer.
<br /> =�� ` �`� '+ � In the event of laso, BoROw�r shtA phra I.e�d�r hwrwdl�to not�a by matl. Lender maY meko proof of loss 8 not mad�
<br /> y,� ��,�� � a prompty by BoROwor. Eaah haurtnc�comparry conc�m�d b horeby wthorlaW an0 dlreotatl to mdn p4Ymv+it ior ouci� iu�5
<br /> - • - • dkootly to Lander, hitead ot to BorrowK and to l�nd�r Jo„ty. AM or�ny put oT the Inauranc� procoed� rnpy bo�PP�� bY
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