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<br /> If ths emounts hcld by Lcndcr Cor Escrow itcros excced thc amounts permitted w bc hcld by RESPA,l.cndcr �hall , _
<br /> accaunt to Borrowcr for��eF�Items hcn�d c LcrdcEmay notify thc�Bonowcrtand requ'uc Borrowcr to�ma1�c up � � ,� '
<br /> arc not sufficicnt to pay „ ����m��
<br /> �.
<br /> thc shortegc es permiued by RESPA. �_.���`
<br /> The Fscrow Funds are pledged ac addidonal security for all sums secured by this Security Instrument. If Borrower _
<br /> tenders to Lender the fuU payment of all such sums,Bonower's account shaU be credited with the balAncc remainin8 for � -__
<br /> all installrnw►t items(a), (b). and (c) and eny mortgage insurance premiurn installment that L.ender has not become .
<br /> obligated w pay co the��S�etarY�od,�a�u�nrbY Lender, Bo ower'account hall be credited withaany bralancc _ -_ '
<br /> a forcclosure sale o p�rt5' �;
<br /> rcmaining tor all installmcnts for items(a),(b),and(c). ;;_
<br /> 3.Application of Payments.All paymcnts under paragraphs 1 and 2 shall bc appUed by L.cndcr as followx __ .
<br /> Fyg=,w thc mortgage insurance premium to be Paid by Lender w the Secretary or to the monthly chargc by the .::r'_`.
<br /> ge�;rctary instead of the monthly mortgage insurance prcmium; � _
<br /> �, ��y taxes, special assessments, lcaschold payments or ground renu,and Cue, fload and otha ha�ard �
<br /> insurance prcmiums,as requimd; _ �'
<br /> �Q,to intcrest duc undcr thc Notc; :�,_- :
<br /> �,to amortization of thc principal of thc Note;and ���•_
<br /> • �,w lete charges duc under the Note. ��-
<br /> 4.Fire, Flood and Other Hazerd Insurance.Borrowcr shtll insure all improvemcnts on the Property�whett►cr .v,�'��,,
<br /> •�r now in existence or subsequendy erested,aBainst any hazards,casualdes,and condngencies, including fire.fa which ';:��;�
<br /> �`� Lender rcquires insw�ance.This insurar►ce shall be maintained in the an►o►mts and for the periods that L.ender reyu'ves. '���',
<br /> Borrower shall also insure alt iR►provements on the Property,whether now in existence or subsequently erect,ed,against .�.�:
<br /> '� loss b flaods ta 1 1►e extent required by the Secretary.A1l tnsurance shall be carrieil with companies approved by L.ender. ••:,�< , _
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<br /> '('h�insurance policies and any renewa l s s h a ll b e h e l d b y L e n d e r a n d s h a ll i n c l u d e l o s s p a y a b l e c l a uses in fava of,and ���T._
<br /> - in a form acceptable w,Lcndr.r. ,•'����.
<br /> In the event of loss,Borrower shall give L.ender immediate notice by mail.Lender may make proof of bss if not �:���`�
<br /> made promptly by�3orrower.Each insurance company concemed is hereby authoriud and directed to make PeYment for ��:
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<br /> such loss direcdy eo Lender.instead of to Borrower and to Lender joindy.�►ll or ar►y part of the insurancc praceeds may �� 5_:�
<br /> be applied by L.ender,at its opdon,either (a) to the redncdon of the indebtecic►ess under the Note and this Security .k;��k
<br /> Insuument,first to any delinquent amounts npplied in ihe order in paraSraPh 3,and then to prepayment of priocipal,or :���
<br /> (b)to the mstoration or repair of the demaged Property.Any aPPllcation of the proceeds to the Principal shall not cxtend �,X�,_
<br /> or postpone the due date of the monthly payments which are referred to in parsBreFh 2,or change the amount of such ,• �
<br /> • payments.AnY excess insurance proceeds over an amount required co pay all outstnnding indebtedr►ess under the Note ���_ ..
<br /> and this Security Instrument shall be paid to the endty legally enti�led thcreco. �.�.--�
<br /> ' In the event of foreclosure of this Security Instrument or other transfer of dtle to the I'roperty chat extinguishes the ��ti
<br /> indebtedness.all right,ude and intemst of Borrower in and w i�nsurance policics in force shaU pass to tt►e purchascr. k.�"_-��-
<br /> 5. Occupancy, Preservation,Maintenance and Protection ot the Property; Borrower's Loan Application; `��_ —
<br /> Lease6olds. Borrower shaU occupy,establish,and use the Property as Boaower's principal residcnce within aixtY daYB --��,�;�;,��
<br /> after the execution of this Security Instrument(or within sixty days of a later sale or uansfer of the Property)end shall
<br /> conUnue to occupy the Property as Borrowex's PTin��Pal residence for at le,�st one year after the date of acupancy, ���:__
<br /> ,�+ unlcss Lcnder dctcrmines that rcquirement will cause unduc hardship for Borrower,or unless extenuating circumstances ■ar,��.�•:-
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<br /> exist which are beyond Boaower's control.Boaower shall notify Lender of any extenuatir►g circumsta►►ces.Borrower N,5`-_�^
<br /> shall not commit waste or destroy,damage or substantiaUy cl�ange the PropertY or altow the PropertY co deten°race, ��
<br /> is vacant or abandoncd or�he loan is �-;�--a-_�... __
<br /> reasonable wear and tcar excepted.Lender may inspect the Property if thc ProPertY� �=- --- -
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<br /> in dcfaulG Lender may take reasonable action to protect end Preser�e such vacant or abandoned Property .,, t •,�+►„=-^
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