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<br /> Lcnd�r may, nl any 1�r.3, oolWUt �!nd hold Rniounta(or Georow Item� h an ep�r��wto nn�ount nut to csxcoed Iho m�xtruun „
<br /> amount that mey be rcqukad tAr porrowor� eaoraw �coount undcr Iho Re�l Geteto listil�ca9m Proactlurea A�1 0l 1074, 12 U.f3.C.
<br /> 8 2gpt �j�q,�nd knp;emKitlnp rpuletbnf, �A CFR Put 3500, u IA�y may b� ammdad bom ttnia to Iln� ('RG6PA"),axc�pt
<br /> ' lhat the ouehlon or ronerw p�rmNt�d by RESi'A tor unanlbipat�d d�abursKnMt� or dltbunsm�te b�tore the Borrovrers �
<br /> ° p4ymcnte ara evall�bN In tho aCaount mey n�t b�baasd on amounb du�for tho mortg�p�h�unncs pnmlum.
<br /> If the amounte held by Lend�r for Esorow It�ms�xcoed the amounu pemiRtad to b�h�ld by f�SPA, L�ndor thRil ncoount q
<br /> to dorros+cr tor tho cxccs�funde ae roqulred by Fit&PA If tha amou�ts of tunda hold by lender nt e�ny tlme ere not euHblant to �
<br /> pay the Hecrow Itwna when due,Lendar may notffy thq Borrowa and roquko 0ortowa to mata up the shonopo e�permittad by Y
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<br /> RESPA. ' `
<br /> ;�.. . The Escrow Funds are pfedqed as addfttonal eeourky for all sums se:ured by this SacurNy Instrument. If Bortower tenders '��
<br /> � „� to Lender the tull paymunt of au wah �uma, Bortoware ancount shall b� crsdfted wkh th� b�kncf rem�htnp for all tnettlimmt ..�
<br /> ftoma (a), (b), und (a) and any mortqary� haurenoa premium fnc4efiner.� t�.'•n2 L�nder hes not beaome oblfyatod ro Ray to the � _
<br /> Sacratary, nnd Londot shell promptly refund nny or:cobe tun ds to Qonowor.ir.r.,ediate y prbr to t torealoeure sale of the Proporty _.`.`?:�_
<br /> or Ns acqulsitlon by Lender, Borrowers ecoount ehall bo crodROd wkh eny trc.s.:^.e remak�hp tor all hstalkne�ta for Rems(a),(b),
<br /> ;,:•,.; end(o)• .. ,._ _- -
<br /> '`'}s:.•'�� � �,Appllaation of Paymente.Ali paYments undor Pnragrephs 1 ec:d'a'ahail bo Qpplbd by Lender as follows: _ _-
<br /> '� Firet,to the mortpago Insurence premium to be pald by Lsndor to tho Srs.retary or to the monthy charqe by the Secretary _ _
<br /> . � fnstead oi the monthly mortgaqe hsuranoe pramium; ____
<br /> :� SECOtId, to any taxos, spsclai asaesaments, leasehold payments or ground rents, end f�e, flood and other hezard
<br /> �;'.� :- � Insurance premlums, as requtred; _
<br /> Thlt'd,to Interest due under tho Note; i `.
<br /> FOUrth, to amortlzatlon of tho prholpal of the Note; and :�.
<br /> :rt.,
<br /> Flfth,to late oharpes dus undar the Note. .,-_-3�'-
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<br /> 4. Fire� Flood end Other Hazerd tnaurar��e. Bortowe� shalf hsure all Ynprovements on the Property,whether . , -�8��,,,<,..
<br /> �� now in existenca or subsequenty ereoted, �pahst anY hrezerds, Cg6UERiBS, and contfnpenctea, Inoludhy fYe, for whbh Lendor ���.:.�`.:s..=
<br /> ���� �'T� requlres InsuranCe.This h6urence shall be malntahed fn trie smoun� c�d tor the porWds that Lender requPes.Borrower shal! :�':N���_
<br /> �vn��a�
<br /> �''�' also hsure all knprovements on the Property� whether now fn wciste:see� or aubsequenty�rected,apahst los8 by tlooda to the
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<br /> 4 extent requlred by the 8earetery.All huvance ehall be cerded wkh companfes apProved by lender. 7he inauranCe polbias and
<br /> ,,�,..,, eny renewais shall be hetd by Lender rnd she11 hclude loss payabfe aiauses N favor of,and In a torm eccepteble to, I.ender. ; ,,1�,
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<br /> ,. '�,.�,� . i�� f��a sr,��i �! �ss, 9o�ow°f �nnq cive Lender tn^.'�adfato notice by mai�. Lender may make praof of loas N not mada ��,. •.;
<br /> ' `•a�.; i'!� *
<br /> prompty by Borrower. Eaah Inauronew com?enY Qonceme0 Is hereby authorksd �nd CYeoted to matco PaYment for auah ioas r.:
<br /> dlrecty to Lendor, instead of to Bortowec eR�to Lender Johty. All or eny part of the hsurence proceeds may ba npplied by �
<br /> � Lender, at ks option, ekher (a) to tho rw3uct+on ot th� hdebtedness uncl�r the Note and thls Seau�ky InsWment,
<br /> firat to any
<br /> dslhquent emounts appl►ed In ths order In Pnnpnph 3,end thsn to propaymmt of prhoqal,or(b)to the restontbn or roptY of
<br /> the domaped PropeRy. MY apP�+tbn of tha proceods to the prhCpal ehaN not extmd or postpona th� duo dolo of the
<br /> monthy paymont� whbh aro rdwnd to k► Per�pnph 2, or ohuiy� th� unount of tuoh paymwitf. My exass hsuunaa
<br /> .. procoeds ovet an amount requlnd to psy atl outsUndlnp indebtednean und�►th� Not� �nd thm 3�curky lnstrument sht8 b�ptid
<br /> to the entky tepaly ontRted theroto.
<br /> In tha went o4 foraobcun o} thls &sourlty IneWm�nt or othar tnnster oi tkM to th� Prop«ty th�t ixthpulsho� th�
<br /> - ' ,� Nd�bt�dnsas,all rfpht,tkk snd htenat of BorrowK h�nd to heunnc�polbMt k�lorco ehoY pa��to th� purchaser.
<br /> :.��.: J� 6. Accupenay� Preiervatlon� RAeintenmce end Protection ot ths Property; Bor�ower'� Loen �,�
<br />-"',:��<���»Y • AppllC�tIOQ; LE6ilh01di. Borroww ehaN ocoupy,�a't�blish,and un� th� PropKty a� Bonow��prinotpal n�ld�nc� wkhh
<br /> �� s":"� �bRy days atter th��x�cutbn ot th(e S�ourRy Inttrum�nt(or wkhh sbRy day4 of a kto�ul�or tnn�tK of th�RropKty)�nd thaN
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<br /> -•=;„,,-;,:�.`,.::•T,,� oontlnus to occupy lh� Prop�rty as Borrowers prk�olpal rocidence tor at Meet ono y�u �A�r th� data ot occupanay, unMss
<br /> ��~`�-:`'r.;;:=�' Und�r datorminaa that nquYKnont wW ciut�undus hvdthp tor Bortow�r, or unNts �at�nu�thp oircumstonc�s�ocist whbh uo
<br /> :,�_�. _ .,-� b�yond Borrowers conVOl. BortowK ehaY notiy l.�nd�r of any sxt�nuathfl oiroumttenc�s. BorrowK�hnll not commR watts or
<br /> -= ' � desVoy, damape or subatantlnMy chenps ths Properry or albw ths Property to detertouts,rw:onabb war and tear excepted.
<br /> ?:.°-4 I,�ndo� may inspect tho Prop�Ay B th� Proporty I� v�can!or ab�ndoned or ti�a ban b In d�huR. L�ndw maY uko roasonabk
<br /> � ;, ectbn to protoct and preserv�euch v�ctnt or abandoned Property.8orrowsr shaB alao be h daftuit H Borrower,durinp 4h�ban
<br />—�.:,:.:;"�..� ' eppllcatlon process,pave meterlaly hlsa or Inaccurete hfomwtbn or statements to Lender(or f�Iled to provlde lender wkh eny __ _
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<br /> ° matK4�l htortnatbn) h oonner.tbn wkh the bon wldmcad by the Note, holudhp,but not Grnitod to,represontatbns ooncemhp _
<br /> ' Borrower's occ�panoy of the Propwty ae a pnc�fpal reskfence. if thia Securfty Instrum9nt Is on a leasehold,Bortower shaN —
<br /> � ` aompy with lhe provisbn6 of th9 Iazso. It BOtrowxr scqukes fee tkte t0 the Property�the 10asehold end 1ee tNl9 sh811 not bo ��,�,__
<br /> - � mergsd uniesa Lender aprees to the merQer In wrkhp. _ _ ___ __
<br /> > 6. Condemnation. The prxe��s of any awtrd or olalm tor damapea, dkeot nr consaquentl�t, h aonneation wkh any ,��:"'
<br /> • r CondemRatlan or other teklnp of nny paR of the Propwty, or tor corneyance In pkC� of aondemnation,ero horeby assfpned and �s_.s:
<br /> i ,
<br /> shall be pai� to �.ender to the extont o4 the fuli amouat of the hdebtsdnaos that remalns unpald urtdor the Note and this -�4,�,A
<br /> ' ,'�. • �:n.�.n,:.,.
<br /> Y � 5acuri:y InaWr�ent. Lender shaA oppty such procaeda to the roduotbn ot the Indabt�dnots under tha koto Nd thic Socurity ;w_e o�.:,
<br /> Instrument, tkst to any delhquent amounta epp1iod h th� ordor provfded In Panpraph 3,md then to prepayment of prhalpal. ';��;,.���,;.
<br /> �.;,��:..,<-.,-
<br /> . � pny applicatbn of the proceeds to the pnc�ipal shell not exfsnd or postpono the duv date of the monthry payments,whbh are ... „y,.y r_
<br /> ' reterred to In Farepraph 2, or ohanqa the amount oi such p4yments.My excosa Rroceetla over an amount roquM+ed to pay all ti_ ;-,a,;,:�,.-,.
<br /> � outstandhe tndebtednesa undor the Note and tt�is Security Instrurnent shall bs pald to the enttty lesa�h e+�tRled thereto. ,. .s ' :�:
<br /> --:- -=-- -`_-- - , .._-.--..__ � .__��.'� n�..a�. In tN� Prenertv_ eorrower 3hall DaY ail
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<br /> 7. �Ota�gee to [�orrawer ana rroaoa:i�vn v� .-v.......� ...�..._ _.. --- - -- - - _— --_
<br /> Li
<br /> qovammental or mun�IRal charpes, tines and imposkbns that are not hoiuded In P&ropraph 2. Bortower shall pay these , .
<br /> oblWatians on time d48ctry to the ent}ty whbh Is owed th�payment. If faibre to pay wouW adversery atTeot Lander's intorest in
<br /> the Property,upon Lender's request Bortower ahall promptly tumish to Lender receipth o2vldea�tnfl t�h p��P�gny other covenants �
<br /> � It SoROwer falls to mako these psymer�ts or the payments requlred by Pareprap
<br /> 4nd flyreementa contahed h this Security lnatrument,or there 1s a fepe�Procc:edlny that may spnNicanty ettect lenders rights h
<br /> the Proporty(such a6 ce proceedha In bankruptay. for condemnation or to enforce Inwa or reguletbne),then Lender mny do and
<br /> pay whetever Is n�ess�,y to protect the value of lho Property and Lenders rfphts h the Property, Inciudh� payment ot texes, ,
<br /> hezard t�surance and other Rems montionod h Paregraph 2. ,
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<br /> � F6813.LM0(Y/B8) Pap��ol 6 . .. . .
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