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<br /> � 9��i�tt�2 ... � ,:�-_ _____ __.- �
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<br /> Lender may,at any time,cotlsat end hotd cmounts for Eacrotiv Items 6+ sn aggrc�gnto amoun! not to excesd tho mnx(mum . : ,z', •. � ,
<br /> -,• amount 4hat meiy Ga rt3qutred tor Borrow�s cssxoHr eccoa�t undsr tFia Peal Esffite Satttamer►t Procedures Att ot t974, 12 US.C. . , . -
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<br /> `.. � �2641 e��gg:end Bngterr.enting roguCUbns, 24 CFR Pcrt 3500�as N8y msy ba ernended from tims to tme ('RESPA°).exceAt ` .'•' � ;`,r_
<br /> • tAai the cushton or raservo �"tm4tEd by R�A for uranttetpnted dishursementa ar dlsbursements beTOre tt�e 8ortowe�s .
<br /> � � payments e►e avas'�abia in the exotmt m3y no!b9 bassd on emaunts Qu9 for tha mortQ,�qa irtsurance prem�m. ,� :�, . z
<br /> ... If tP�e�tnounts het0 by lender(or EsCPOw it6irts�eed ih9 8t�flun�pdmti�A to C3 h3'A by F.�SP+4.Lertd?r shfl[!aCCOUnt f_ _.. .._-�_r_�:__:,,.' .v:
<br /> � .. to Bortower tor ths ex�ess funds as requtgd by�ESPf►.If the gm�.es+ts oi funds hed by lender et eny tlme are not sufticiant to t • ° __
<br /> • pay the Escrow Items when du9. L9ndet may naiHy the @orro1+6r end reqnire�ortowes to meke up the shorf>s as perm�ted by � . ° � ��
<br /> fiESPA. ,`
<br /> TAe Escrow Funds are pfedged aa addiYbnal S9curHy for all sums securod Dy thts Secur@y Instrum°n!.It Borrower tenders � •
<br />-.:-s__: to Lendsr the (uli paymsnt of atl sucH sums. Borrov�s account shaD bo cre.d3ed vrc�t► tha Otdancs remaintnp for ttll�staa'nent `' � '
<br /> � � gems (�), (b?. And (c) end enY rnort�79 fnsuratico PremUsm hstal5nsnt that Lender has n:r;daQOmo obl:gated to pay to tt�e �� . ;-�, �."-�`.`
<br /> Secretary,and Lender shali prompdy reNnd erry e�¢6ss funds to Borro+ver.ImmediEtery prter to a torectosure sale ot the Proparly , •�� •�i`;�%,;`,:;.� •'�
<br /> :,ti<,::�
<br />' or 4s acqu's�ton 6y Londar.Borrawers ieeourR sha9 ba crod3ed vrith ar►y baran:a rem9bitng for e�t fnstaltmants to�nems(a)�ib), . - __
<br /> and(a�. _ : ; _ ..
<br />::;.,^?,�: 3. AppI1C8tIOt1 Of Payf�f8t1$3.A9 paym�...s�ts under P�.apha t an8 2 sAaO 6e eAAUad by Lender as foRows: �__,' , _::,.��,',:�,-_�
<br /> � �; FII'8t,to the mortyaye Insunenee P+emktm to ba pald Fi�P:.sact�r to the�cra4ery or to tho rrtartthty cAargo by the�Da�y ,. ,,�� �
<br /> + � instead of the monthy mortyape insar¢n��D�em�: ,��, � . -��-
<br /> SeCOfld, to sny mxes, s�eef�i ass�srt�ents, tease4�ct� �yme�+is at �nu^d �'ts. end flre, fiood end other ha7srd . �, :�x ,
<br /> , • ,�
<br /> . ., hstuanCe prembms.as requPed. �•:°�•:.i•,,=l^':, ' -
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<br /> _ Third�eo�cerest aue unae�r ma r8ot� ' � --' .-
<br /> FO�if4h,to emortimUon ot 4ho pcinc�al ot the Note;etsd _ ��4�• ��
<br /> F�1�t0 ISte Ch8ta8S d110 W7d�th8�IOtB. F��f' � .' ,
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<br /> �``` 4. Fire, Floo� aa�Q Other Hazard Insuramce. �ocrovrar snan insure aa rmv�emenrs on �ne Property,w�amer , ,"_' """'�`N� '�'
<br /> �• ��.r� r=.,,.:::
<br /> . naw in e�dstence or subsequenily wact�Q apair►st any haza�s.casuaBies�and tonttn fea. inch�dtnp tire. tor whic.'��ndar ��-:-�'----y-�°-"•
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<br /> re�as Insurence. ThES ir�surance shaH Da matritninsd fn Cta mrr.ounta end for tf�s periods that Lendar requtires. Bortavr.err shaD ,
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<br /> � atso(nsure aU trnprovemants on th�Property.vxheiher naw a��dstence or subsequenUy erecte0.apatnst toss by 8oad3�r tha �. ,��ir>
<br /> ��., .
<br /> extent requted t�`3fe SACrete►Y- A1 fnsuratlCa ehall be carfi�d wtth C4mR��BDD�� try Lender.The (nsurence Pol!cies nnd •e. :�.- �; :X�:`�-'-
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<br />.�.,i:.; any�ene�xals shal:�a heid by Lem6er and aheD hctude bss payabfe clwaes tn favar of,end tn a Porm acceptabta to.Lender. �'.y�;,..::�;;
<br /> - tn the event �f loss. 8orrower shaD Qiue Lendee imrnedbie notice Dy rtui0. Lender may m�tce proo! o! bss U not rtutde _;, :::;t";;�=
<br /> -• . :'f.-�'"; � ,_..
<br /> •• promptry by Borrower. Each hsurance componY concemed ts heqby authori�d and dUectad ta make pa•/ment for suah bs3 ;W� 3'.. . =
<br /> direcdy to Lender. Instead of to Borrower end w Lender j¢L uy.AD or eny part of the fns�ance procesds may be appBed by ;.� ��`.• �`: .,.
<br /> ' I.eader. at Rs opttan.o3heJ(e) t'�ltt�re�c4�.� of the fi�rodness under the [VOte sred this S e c u r a y r (nstrument. fdrst to enY . -. ;;�r•�, .�
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<br /> de9nqusnt amcunts appfied in the ord�in��h 3.and Men to prepayment o1 princfpal.or(b)to the�estoratton or rope(r of � -_-�-�:::!Kr:,:;.,�
<br /> • tha Qameged Property. My appAcation o4 �ha gea�eds to the princpal shWl not e�Gend or postpane th8 due dafe of the ' �t� �.j-":•`�
<br /> � nanthy payments wh�h are referted to � 'a.aCraC� Z a� chanye tho emount of such p&yments. Any e�ess (nsurance ;r,.• - �'
<br /> �9 outstandtny s�.�tsdness under tAe Noto and thls Secudry tnsuument sha0 4a patd �'f�
<br />; . �zncaeds ovar en amount roQu�d to p�Y :iG�:. .
<br /> tO the en�ry iapaUY ent@ied ther0to. ; ...�. :� ��':•`;
<br /> � In the event o! forecbsure of tnb SecurRy Insbuneant or othar transfer of tRia to ttie PropertY that wdinpuEshes the � .s=�+: : .
<br /> � ;, ' h d g 6tedaes8.ell�i ph t,ta19 Wtd intlrsst Of BoROwer h�td to(nsutanCe poQclpi h f0[Ce Sh80 pess to the purChes6t. - _
<br /> � 6. Ocau sn Presenntlon, M�ntenance and Pratectloa o! t➢�e Fro e� Borrower'o L�ar� �-^
<br /> . P �Sl. P � ",};,.,.,,;�w��.� .-,,_
<br /> . Applicatlom, Le�BhOJd�. t�araw�t sha➢occuPY.e��h,and use the Property as Borrowers D�ctpal residence wRhfi 6�;��i,���-___-
<br /> ' sbcry Oaya aR�tha�cecuUon o!�Socur�r Instruma�t(ar w8hh sbey days of e lat�sale or transtsr ot the Property)and shaN . t,��+�����-�.� ,
<br /> � conthue to accupy the Property ts So+�e�a prhetpal reslQen�e far et baat one yeu aft�r ths date o} oceupancy. untess �;;,,_°�
<br /> � I.anOer determhes that rs�lrertwnt wW c�.�nQw hardship tor Borrow�,or unless mROnuattnp ctrcums4aneea e�dst wflkh ue — . ..—.�
<br /> beyond 8orrowere cantrob Borrvwr sIW n�r I.andar of�ny e�A�nuatln0 eYeumstanees. Borrower sha8 not cortanit wasto or _
<br /> • destroY. OflmeDO or SubStentla�.^�,I�.'anpo th�Property or e�w ths Property to detertorato� reasenabto v�aar end tear�ted. _-- ° "
<br /> . l.ender rn4y inSD�M9 ProD�Y Y tM P�op�rty (s vacant o�ah�nQoned or tha foEn b b defauh. Lender may take reasoneble _ . •.
<br /> � etc8on to protect and preserve such vacant a abandaned Property.Borrowar ehae atso bs tn detwR N eortower.durin0 tM toan �' ` _.'�°�°
<br /> app6cation process.Qavo m4tartzCy L�izo or tnaccurcte lnfomuitlan or sffitcrosnto to Lcn6�r(or fnQed to provldo Lender wQA any �� �' '�,,,�y�;;�;--_
<br /> maWrfal htormatbn)In connocUon w8h fhs (oen�rf6enCa0 by the(VOU.hc4dinQ,but not GmRed to,repra�entatlons concemhp '`�-=--• =--
<br /> �r,'�;,:..«.
<br /> ' . Borrawere occupenoy of tho Propaty as • pAnoipal resldencs. If thls Sacufdy tnsUUmmt b on a IeaaehoW. 8orrower ahaY ���'�:_��_:.:.�.��.
<br /> � compy wfth 4he provtsbna af the tease. 11 Borrower ac�kes tee tftle to the Propertyr, the Ieasehold end fee Ut1e sha0 no1 be "'?''"'°-'
<br /> • mgr9ed unlesa Lender e�rees to the mecper In wrRhy.
<br /> r � .::;�.�<'�:-
<br /> 8. COtt��?3tSP��IOfl.Tt=� prxeo0s a7 ar:Y�wand or cl�lm tor danwpos, diract or consa�uentf�t in conneCtion weh any ,,,�,�
<br /> . eonQomnetton or other mktr.�c�mny put ot��Propwty,�►for eCmpyane�(n ptsice of eonQemnation,are hoteby assl�ne0 end .t, " ` •
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<br /> �s� be patd to Lender to ��roent ot tt�e fu9 amaunt af ths Indabmdnass that rernatne unpald under the No�ma!4 thb '��- .. -;,�,';
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<br /> • Sqcufity Instrurr.er:t.Lender sha�y�py suoA W�coada to tha reductbn o}tha inGobtodness under the Note and th9s Security � '�"�~�_ .
<br /> In�Wment,first to eny deBnguent�rnounts �S�d In the Order P�ovidYO i� Perapr�ph 3� and than to P�eDaY►nent of pnc�lpnl _'��_-'�.' .-
<br /> Any epp9catkn of ttie Orxeeds to the prtr�cipat sha9 not aRcnd or postQor.�the duo dato of tho monthry payments,wh@h are _ �"M���
<br /> rotened to h Perayraph 2,or c�Cn�e thA amount of su�h payments.Any excess proeeads over an amount wqulred to pay a0 � �"��y�-_
<br /> ---:�'.'.i�.�
<br /> outab�redfnp tn0ebtsdnesa un0er ohe Non and thb Sscurdy tnstrume�et shdB bs peid W U:e entity ieyafty antRfed thereto. .,r;:-' .:,�"3 . ..�:-
<br /> � � 7. Chorgea to Bor�ower and Pro�ectton o! Lertdera F3i�hts ln the Property. Borrowor sAall pay aU �' ��'}', •• _
<br /> , ,,t< �. , :
<br /> govemmenWl or muntctpat Charpas, ftnas and Impostttons tAat are noi tr�cNdad tn Para�uph 2. Borrovrer shaU psy these � `' �. ;!'.,.f
<br /> obOpaUona on tYne directy to the entky wf+ich Is owed tha payment If fatUre to pey wautd adverssty a+f�ct Lenders Intarost tn � . , ,
<br /> the PropeRy.upan lend0re roqu6it Borrovmr ahcD prompLy fumish to Lenda reco�ts ovtdanelnB those PaYments. � :
<br /> �
<br /> It Borrower fails to moko thc�so paymants or ths paymenta requhea by Perepraph 2.or(afls to pertorm any othor covonants { . -
<br /> and agreementc contflhed N fAis Secun'ty tnsdument, or thare!s a Iagat proceoding that may slgndicantry affect lenders rlphts In ' �
<br /> � the PropertY (such as a proceadlny in benlwptay,tor con6emnaUon or to entorce laws or reyubtlons),then lender may Oo and ' � � .
<br /> pay whatevsr Is neCessary to QroteCt Iha valia o1 the Ptoperty flnd Lender9 riDht9 it the PropoAy.1nCAidine peyment o}teues, . •
<br /> hsmrd Insurance end other Rems mentbned t►Pereg►aph 2 .
<br />_ �� F6818.LM0(0/06) Pap�2 of b . " : . �
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