|
, � .-
<br /> � !
<br /> ,-�h ,.. . ��;
<br /> � .� . _ ��•Y4�
<br /> �*�`�y� . ' ;.,,11w.. •
<br /> .�•,yYCrst
<br /> . . ..�f`�tw�n. . �. : ;* .���aQ_.
<br /> .. . ..Ku�{.;�� �}v.
<br /> :.��
<br /> � ., . ; ,.,
<br /> .:�����' .:.��,
<br /> ., b`
<br /> I ... ,,,�,t"'�*;' �`
<br /> 98-suo7x� � - �.�1�_ -..
<br /> ..:. ::..��:£.o,�
<br /> If thc amounts hcld by Lendcr for Escrow Items �xcced thc lmounts permiucd ta bc hcld by RE5PA, l.cndcr - �� �• �,
<br /> „_,...�•• shall account to Borrower for the excess funds as required by RESPA, If the amaunts of funds held by L.ender at any , r,;�,q���.,,�Y� '=•
<br /> „ '"�'' timc arc not sufficicn[to pay thc Escrow Rcros whcn duc, Lendcr may notify thc Borrowcr and requirc Borrower to �,���r���,��
<br /> n��lce up the shortage as permiued by RESPA. ��c�'.-...��'��"-
<br /> .•1'�,_ --.�.-
<br /> The Escrow Funds are pledged us additional sewriry for all sums secured by this Security Instrument. !f �'i'��:�-�:-° °-_--°
<br /> �.;,o�_-------
<br /> • Borrower tenders to Lender the full payment of all such sums, Borrower's account shall be credited with the bala�ue _ --
<br /> rcmaining for aU installmcnt ite�ns(a), (b), and (c)and viy mongage insurance premium installment that I.endcr has =
<br /> not become obligated to pay to the Secretary, and I..,ender shall promptly refund any excess funds ta Borrower. , ____
<br /> ' ]mmediately prior to a foreclosure sale of the Property or its acquisition by l.ender, Borrower's :�ccount shall be •.:=--
<br /> ,;..::--
<br /> .� credited with any balance remaining for all inst111ments for items(a), (b),and(c). rt:_,�_
<br /> 3.Applicetfon ot Payments.All payments under paragraphs 1 and 2 shall be applied by I.ender as follows:
<br /> .Y'`+��:
<br /> ' st,ro che mongage insurance premium to be paid by Lender io the Secrccary or to the monthly chazge by the ,•���
<br /> Secrecary instead of the monthiy mortgage insurance premium; ��-��w_
<br /> Seco , co any taxes,special assessments, leasehold payments or ground ren[s, and fire, flood and other hazard -'� -�-
<br /> insurance premiums,as required; ' .�4''m
<br /> T ird,to interest duc under the Note; ;
<br /> ',';�:
<br /> Founh,to amottization of the principal of the No[e;and .�ifi�t�•
<br /> F',�,ro lAte charges due under the Note. °y�L,
<br /> , .�� 4.Fire,Flood and Other Hazard Insurnncc.Borrower shall insure all improvements on thc Property,whether �'�
<br /> now in existence or subsequently erected,against any hazards,casu�lties,and contingencies,including fire,for which '.�=r r
<br /> al
<br /> • K l.cndcr requires insurance. This insurance shall be maintained in thc amounts und for the periods that l.ender
<br /> ,t•Y � ;�.
<br /> � rcquires. Borrower shall also insure all improvemcnts on the Property, wticther now in existcnce or subsequently L '�
<br />-- erected, against Ioss by floods to[he extent requircd by ihe Sceictay. n1i i,i�iira�ce shali bc carr€4d a�iiYt campattics � `�.,._. �_=
<br />_
<br /> approved by I.ender.The insurance policies and any renewals shall be held by Lender and shall include loss payable � �; -
<br /> clauses in favor of, and in a form acceptable to, Lender. ,;, --
<br /> � In the event of loss,Bonower shall give Lender immediate nutice by mail. Lender may makc praaf of loss if not ;��-����!:�_
<br /> mude promptly by Borrower. Each insurance company concemed is hereby authorized and directed to make payment ='
<br /> for such loss directly to Lender, instead of to Borrower and to Lender jointly. All or any part of the insurance ��
<br /> proceeds may be applied by Lender, at ics option,either(a)to the reduction of the indebtedness wider tlie IJote and �5w�
<br /> this Securiry Instrument,first to any delinquent amounts applied in[he order in pazagraph 3, and then to prepayment _�
<br /> of principal, or (b) to the restoration or repair of the damaged Proper[y. Any application of the proceeds to the `
<br /> ' principal shall not extend or postpone thc due date of the monthly payments which are referred to in paragraph 2. or — '
<br /> change the amount of such payments. Any excess insurance proceeds over an amount required to pay all outstanding -
<br /> indebtedness under thc Note and this Security Instrument shall bc paid to the entity legally entitled thereto.
<br /> � !n the event of foreclosure of this Securiry Instrument or other transfer of tide to the Property that extinguishes -_ —
<br /> the indebtedness, all right, [itle and interest uf Borrower in and to insurance policies in force shall pus to the
<br /> purchaser.
<br /> 5. Occupancy.Preservution, Malntenance and Y"rotectton uf the Property; Borrower's Loun Applicut[on;
<br /> Les�seholds. Horrower shall occupy, establish, and use the Property as Bonower's principal residence within sixty —
<br /> days after the exccution oi this Security Instrument (or within sixty days of a latcr salc or transfcr of the Propeny) -
<br /> and shall continue to occupy [he Propeny as Bonower's principal residence for at Ieast one year after the date of -
<br />_ � � occupancy,unlcss Lender dctcrmincs thnt r�quircment will caus�undue hardshin for Borrower,ot unless cztenuating " .b _--
<br /> circums�ances exist which aze beyond 9orrower's control. Borrower shall notify Lender of any extenuacing "°�,,,,����-_�_
<br /> 1 circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or al low the ��;� :, '�
<br /> � Property to deterioratc, reasonable wear and tear excepted. Lender may inspect the Property if the Property is vacant �'�'' .� •
<br /> or abandoned or the loan is in default. Lender may talce reasonable action to protect and preserve such vacant or ':��•'�"",.
<br /> •�.�l. + tR1"it. •
<br /> . ...r, ��F•; .
<br /> i �
<br /> I .. �.
<br /> I
<br /> I ��4R(NEl iesoa�.o� P�no�oi a i,,,,,,,,..
<br /> 0
<br /> � ` ,
<br />— L._.
<br /> � r .--. -_— ---
<br /> �
<br />�
<br /> A
<br /> �
<br />-�
<br />� � _ .. .. _._ _ . _. ..._. _
<br /> . _."".. .... .. ... . . .__.. .__. ...._.. . . _._ .'_.._
<br />
|