|
.. � L -
<br /> , :.id.-• ..
<br /> ' .. � ,-.:.�:�ii�1"_
<br /> t � ...}. �. •, , T���h=
<br /> , ,R c ° . .:�'q>- - � ' „ ' --
<br /> � ' .. -� '' . _ _ . ' a�v,;--
<br /> • -ie�...
<br /> '� �
<br /> . ., . �:j7�!',_.
<br /> .. r . ... � ., • . •r.-�.•a-uW.i,h..�.:�r.:r.ntaWR1�1�. 't��:�--
<br /> . . " . . . � . . :a. .,� .n �-
<br /> . �� �1 .. ..tt�, . �:�n. . . .. � .. �� �� ,
<br /> .•.�.,`-!� 98..� �,ll�� �
<br /> '�•i++°'�'f thc amounts permitted to be hcld by RESPA, I.ender --
<br /> ..+ri,�,a.++� If the amounts held by l.cnder for Escrow Items exceed :.';
<br /> -'� shall account to Bonower far�e�crow�ltems when d e� I.enderPmayIn dfy�theuBorrower ander qu i Bodnowcr ta =_-
<br /> time nre not sufficient to p y �
<br />_ s make up the shortage as permitted by RESPA. �_ _
<br /> The Escrow Funds are pledged as addittonal security for al1 sums secured by this Security Instrument. If �y�'
<br /> � Bonower tenders to Leader the full payment of all such sums. Bon'oWer's accounc shall be credited with the balance -
<br /> � ��' remaining for all installment items�e)��ict���a�ae shallapromptly efundnany' excessmfundslto Boro ers �_
<br /> not become obligated to pay to ar its ac uisition by Lender, Bonower's account shall be
<br /> � � Immediately prior to �foreclosure sale of the Property q ��y`,
<br /> credited with any balancc remaining for all installments for iterns(a)�(b),�d(c). ,,;,
<br /> �. P"-
<br /> �. 3.AppUcatioa oP Paymeuts.All payments under paragraphs 1 and 2 shnll be applicd by Lender as fo ows: ry
<br />-• � 'rs,ro the mortga�e insurance premium to be paid by Lender ro the Secretary or to the munthty charge by thc �.--
<br /> Secretary instead of the mon�hly mortgage insurance premium; �
<br /> ' , Secnnd,to any taxes, spectal assessments,leasehold payrncnts or ground rents,and fire, flaod and other hazard �,
<br /> � :� insurance premiums,as required; _.
<br /> hir ,to interesc due under che Note; _
<br /> ou ,to amortization of the pdncip�l of the Note; and
<br /> 'F�c�f 1,to late charges due under ihe Note.
<br /> �•, 4.FYre,Flood and Other Nazard Insurance. Borrower shall insure all improvements on the Property,whether
<br /> � �. no�v in existence or subsequently erected,against any hazards.casualties,and contingencies,including fire,for which
<br /> � L.ender requires insurance.cT1'►i"�eg all�'m rovementmon ttle Pronert c, whether now inrez tence�ors subsequertly
<br /> '- -= --- reyuirc�. Borrawcr shall sl.c _n_ _ P p y
<br /> erected, against loss by floods to the extent required by tbe Saretary. Ali insurance�i«ll b�car:'scd:vith c4mp�!niec
<br /> approved by Lender. The insuraace policies and�n eLnewals shall be held by L.ender and shall include loss payable
<br /> clauses in favor of.and in a form acceptable to,
<br />_ ' ' In the event of loss,Borrower shall give I.ender i��al�i�e�n is hereby authornzecl und direet d tomake Payment
<br /> �•• m a d e prom ptl y b y Bonower. Fach insurance company � of the Insurance
<br />- for such loss directly to Lender, instead of to Borrower and to Len der jo in t l y. A l l or an y p
<br />� . proceeds may be applied by���r,�elin uentum unts appliedh ntthe order In parag nph 3.and hen to p payment
<br />�. this Secur[ty Insttument, first to y q
<br /> of principal, or (b) to the restoration or repatr of the damaged Propeny. Any applicatlon of the proceeds to thc
<br /> � principal shall not extend or postpone the due date of the mont�cedsyovc•rtan am unt required to�p•ay allaoutstanding
<br /> � • � � :-� change the amount of such payments. Any excess insurance p
<br />'.' ,� „ � indebtedness under the Notc and this Security lnstrument shaJl be paid to che entity legally entitled thereto.
<br /> In the event of foreclosure of this Securiry Insttument orothcr transfcr of titic to the Property that extinguishes
<br />-`, the indebtedness, all tight, title and interest of Borrower in and to insurancc policies in force shall pass to the
<br /> purchascr.
<br /> w.•� 5. Occupancy, Presc►'vatfon,N[aintenance and Protectton of the Property; Borrowcr's Loan Applicution;
<br /> , Leaseholds. Bonower shall �upY'its�[nsttumen�t(or tl�nrsp ty daysBof a ater alc optransfereof thelP operty)
<br />�„ti:q a� days after the executlon of this Secur y
<br />"r= - and sh�ll continue to occupy �he Property as Borrower's pnncip�l residence foi at least one year after che date o
<br /> � � occupancy,unless I.ender determines that requirement will cause undue nazdship for Bonower,or unless extenuating _ --
<br /> cireumstances exist which are beyond Borrower's cantro�ma e or substantiall t hans n he Prop rty or allow che _
<br /> ' y =
<br /> circumstances. Borrower shall not wmmit waste or destroy. 8 �
<br /> Property to dcteriorate, reasonable wear and tear excepted. Lcndcr may inspect the Property if the Property is vacant [_^
<br /> or ahandoned or the loan is in dcfault. Lcnder may takc reasonable action to protect and preserve such vacant or �..'Y_1
<br /> ;I -
<br /> ►
<br /> 1 MI�1O�S:
<br /> � Ppe 3 0�8
<br /> i �-4R(NE)�96041.01
<br /> I
<br /> �
<br /> 1
<br /> _ — — — —,
<br /> a �—
<br /> , . _ . _ .
<br /> _ _ _ _ —
<br /> _� _ ___ _
<br />
|