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<br /> � <,,'�.•<. : Oa amoant not to exeesd the maxlmum ,. �.;
<br /> , � ,�,� . Lendar may, at eny time.coAect end hotd BmouMS tot EsCrow 1lems 6�an 899�9a k. .°' ,:� `,',`;
<br /> -- - ' amp�nt thgt may Ce requ�red tor Borrowers esaow account under the Real Estate Sett�rient Procedures Act of t974. 12 US.C. - -
<br /> — ` . r - : �: �26dt g� e�+.arsd�i�8�gulstions.29 CFR Pazi 3�70,as t�ay may be amendetl�om tims to trne('�SPA�1.exeept �
<br /> � that Me cusAlon or reserve Oe��d tiY �a tor unanttcipated dlsbursementc or d'+sbursements betore che Borrowers
<br /> ` • payments arp avaitabl9 in the account may not be based on amaunts due tor the mortgage insuranee premvm. ', - �•, `
<br /> ` . If the emounts hetd by i.ender tor Escrow ftems e�ceed tha emounts permitted to be hetd by RESPA.Lender shau accourtt ; y 4; r
<br /> �� � ` to Barrowar tor the�s tunds as requtred by RESPA It the�naunta ot tunds hetd by Lender at any tbae are nat suf�eian!to ,` � ,. . •,
<br /> � pay the Escrow ttem9 when Qua.Lender may not�y th9 BOrrower end require Borrower t0 make up the shortag9 as Parmilted by ._ ,,. , . _
<br /> -` ` � ` <' �sva �...�= ':.`,..
<br /> TAe ESCtow Ponds ate pted8ad as aQddlonal securiry tor aU sums 5ecured by this Secutity�nstrument If 8ortower tenders ,` � �
<br /> � � --�"`.'� , ta LenQm.the fuU payment af aii such sums, Borrowefs auount sha0 bs ered'ded w�h the balance remainm9 tor e0 insta0ment y.. �, '.
<br /> < • � �tems (a). (b�, and (c) and any mortgage insuranee premtum �snt that tender hss nat bscome cbL�ated to Aay to Me -
<br /> z 7 r�or to a torectosure sata ot tha Property (� . `
<br /> . SECretary.and i.ender sAeO pramptN�etund ar►y excess funds to Borrower. Immedlatery p'
<br /> � _ _ o r tl s e c q u i s d i on b y Lender, Bortowe�s aecount shau Ue cred'ded w8h eny batance re►naina�9 fo�a��e��+fOr aems(a),(b), � ,._ �•� ' ,:_
<br />. . .. ' . . ,4. �Q�Q�, :�F�:�l:.
<br /> • 3. AppliCBt�OD Of P8yR1�t11S.AU payments under PeragrapAs 1 end E sha0 6a eppGed by landet as toilows: � �•:-.�;`:..�,:.,,!=;'.•
<br /> ` . '. FITSt�to the moRgage msurence premhun ta Oe paid by Lender to the Secretarlr or to the monthry charge by the SecretelY G t: � - `�_ I�`�.=-
<br /> � . tnstesd ot the monthry mortgage insursnce Premium: � • ""�"r:
<br /> um
<br />� 5� � �econd, to any taxes. eDeCtal assessments, leasehotd paymenis or ground rents, and f¢e. ftood and otA� hamrd � �� ��,�_° .
<br /> ' - tnsurance ptemlums.es tequtre� � .- `"�.::�- -
<br />- �S•��`,' Thi�d.to tntares:due unQer the Note; � . _-
<br /> ', FOUfth,to amoRbatlon of the prmcipal ot the Nate;and " "` _-
<br /> - � ` � " FiHh.W Fate cher985 due under the Note. _--; —
<br /> , . �: .o ;.� _
<br /> � � � 4. Flre, Flood and Other Hamrd tnsurance. Borrower shaD insure a0 improvements on the PropertY. wne�ner .
<br /> . .' :�;-4, now tn existence ar subsequeMry erecte4 agafnst eny harards. casualUes.end conHngencies. IncWding the. tor whkh Lender =' _-
<br /> repuhes fnsurance. Thts NsurBnce shaU be maintained fn the amounts antl tor the pertods that Lender requ'ves. 8orrawer shaU . -
<br /> aiso o�sure aU h�provemeets on the PropeRy,whether now in exlstence or subsequentty erecte0.against toss by floods to the _.__
<br /> •• The insurartCe oliCies end � __
<br /> excent requued by the Secretary.AU fnsurance s�a0 be carriad with compantes approved by Lender. P
<br /> r:. ,' . . � any renewais shall be hetd by Lender and shail inctude loss payabte clauses In favor of,and in a(orm acaeDtabte to,Lender. .: � =,__
<br /> tn the even! o! toss, Bortower shafl give Lender immedtate notk�e bY m�1. i.e�de� �y �proot of Wsa d not made —
<br /> , -_ ,_.�.
<br /> ' promptty by Bortower. Each (nsurance company concemed t�hereby euthoraed and directed to make payment for such Ioss
<br /> • • � . ' directry to Lender, bistea0 ot to 8oaower end tn Lender jointry. All or eny part of the a�surance praceeds maY 6e app0ed by _�Y_
<br /> ;:. , -
<br /> � Lender. et tts opUan.either (a)to the reQuctton of the indebtedness under the Note en�this SeCUtity Instrumant,fBst W eny ��,_=_.�
<br /> �`• delrt�quent emcunts applled in the order u+Para9raDh 3,and then to p�epaymant of prtncipal,or{b)to tde restoratlon or repair of , _
<br /> ' .�"•:��. Me damaged properry. My eppiication ol the proceeds to ffie princtpel sha0 not extertd or postpone the due date of the �:
<br /> ' monthy payments which are reterred to in Paragraph 2, or change the amount of 5uch payments. MY excess tnsuranse _ .• a';'
<br /> _ __ proCeeds over an amount requked to pay ell outstanding tndabtedness under the Note and this SaCUrity Insbument shatl be peid � -;�'�;'s�;
<br /> to the entity IegalN entitreo tnereto. � `
<br /> , -:- . � � • In the svent ot foreclosuce ot this Secur+ty Instrument oc other traaster of tR� to the PrOperty that extinguishes the ''�.
<br /> `� indebtedness,aA rtgh�t�e and fiterest of Borrower fn end to insurance Oo�3ctes in torce SAaii pass to the purchaser. . —�--_
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<br /> . � 5. Occupancy, Preservat�on� Malnte�ance and Paotecuon o! the Property; Borrower's Loan � , a �::,
<br /> . . '� Appiicattam, L@856.'h01d&BOrrOwe�sh&U oCCUpy.esffibTish, end use the Property es BoROwers prinCip81 r85idenCO wRTtfn � '%�`=
<br /> ��''�• sbfty days after the executian ot this SeCUrityr Inslrument(or w@hIn sbdy CaYS of a Iater sa(8 or trensfer of the Property)an0 shall . "��
<br /> . . ,_. ._ �,� '. .. �:f�;-
<br /> " cont�nue w oecupy the Property as Borrowefs prineipal residence br at Ieast one year after ths date af occupaney,untess :;�,�_:
<br /> : . +.:�.,,_-
<br /> : :f� _ • . LenQet determtnes that requlrement witl cause undue harQship for Bortower,or untass e�RenuaUng eiatmistances exist wA(ch ere. � .
<br /> ' heyond 8ortowers control. 8onower ShaA noYdyr Lender of any excenuaUng cUcumstances. 8ortower shall not commR wasce or : �.'_
<br /> '� ' � destroy, damage ot subsffintially Change the PropeRy or 81►ow the Property to deterforate,reason8ble we8t end te8r excepted - - --
<br /> � Lendet may inspeet the Property il the Property is vacant or abandoned or the loan Is in detautl. Lender may tak0 reasonabte . . _ - _
<br />`°�:��� actlon to protect an0 Oreserve such vacant or abandoned Property. Bortowet sha11 also be in defauR H BoROwer,durmg the toan ' • � ..
<br /> . • apptication process,gave materlaiy fatse or inaccurate fitortnation or statements to Lender(or faited to provide Lender witt�any _
<br /> � matedal informaUon)m connection wftA the toan eviCenced Dy the Note, tnctuding,but not IimKed to,rearesentations conceming • ,
<br /> ' � . �- � 8orrowets accupenCy ot the PropeRy es e principat residence. if this Security Instrument is on a Ieasehol0. Bortower shall
<br /> •� ' � compty with the provfsions of the lease.If Bortower acquVe9 fes title to the Property, the IeaseAOld and fee tiite ShaU no!be .,
<br /> p msrged uniess Lender agrees to the m�'ger tn writing.
<br /> ;,
<br /> 6. Condemnation. The proceeds of eny award or clatm ta Qamages, direct or consequentlat,tn conneeUon wftA anq . . . . � �
<br /> � � condemnaUOn or other taking o1 any part ot the PropeRy. or for conveyance In ptace of condemnatlon,are hereby asslgned and ,,
<br /> t sheil be paid to LenQer to the extent of thg tutl amount o}lhe indeDtedness that remains unpald under the Note and this , .
<br /> , . .; Security InSUument. Lender shall appty such proceeds to the reduction of the Indebtednesa under the fVote an0 this SecuiRy .
<br /> � Instrur.�enb first to any delinquant amounts applied in the order proviQed in Paragraph 3,and then to prepayment of principal.
<br /> � �t�. . . My appliCation of the proceeds to the princlpei shali not extend or postpone the due date of the monthiy payments,which are - � .�. •
<br /> refeaed to in Peragr�.h 2, or change the amount of such payments.Any excess proceeds over an amount req�'ved to pay all •
<br /> - ° � outstanding indebted�ess under the Note and tAlg Security InsWment shell be paia to the entiry legatty entRteO thereto. •
<br /> � . 7. Charges to Borrower and ProtecUon of Lender's Rights in the Property. BonOwer Shell pey 811 . , � �
<br />. r,. -
<br /> � govemmenml or municq�al charges, fines and impositlons that are not included in Paragraph 2. Borrower shall pay these : � .;.� ��
<br /> obllgallons on Nme dUeclly to Ihe entity which Is owed the payment.If faiiure to pay woutd adversety eNect Lendels interest In • . .
<br /> - � the Property,upon Lendefs request Borrower shall promptty tumish to Lender recefpts evldencing these payments.
<br /> . � If Bonower fails to make these payments or tne payments requtred by ParBgraph 2, or tail9 to Oertorm any otner covenants �
<br /> , end agreements contained In thls SeCUr'rty InstNment,or there+s a tegal proceeding tnat may signiHcantly aNect Lenders rights in
<br /> • � the PropeAy (SUCh as e procead�ng in bankruptcy,for condemnatton or to enlorce taws or regulatbns),then Lender may do and .
<br /> pay whatever is necessery to protect t�e value o1 the Proparty and Lender's rlghts in the PropeRy, including payment ol taxes. �
<br /> hesattl insu�ance end other Rems mentioned in ParagreDh 2.
<br /> - , � FSBt3.LM0(8i9/) Capa?ot 5 ' . .
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