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<br /> Lender may. at any 6m=. collect and hold amounts tor Escro�v items in an aggregate amount o exceed t e maximum `° ' : ,,'�l� -� .�.Ri
<br /> amount that may be reqwred tor Borrower s esaow account under the R�ai Estate Setllement Proce�ures Act of 1974. 12 U.S.0 �f �`, ` ' t z��
<br /> � �2801 et ^�and �mplemenLng regulaUOns. 24 CFR Part 3500. as l�ey may be amended trom Gme to time ('RESPA'). except i f �__ _
<br /> 1 i .� __
<br /> � that the cushfon or resenre permitted by RESPA for unanYapated �shursements or dssbursemenis betore the Borrowers . , !
<br /> payments are avadable m the account may not be based on amounts due tor the mortgage msurance premwm. ( � r' ; • F;�:
<br /> ` ii the amounts held by Lender tor Esaow Items exceed the arnounts pertnitted to be heid by AESPA. Lender snali account _
<br /> ' to Bortower for the excess tuods as requfred by RESPA It the amounis of funds held by Lende�at any time are not suffiaent to i . .•. , . .
<br /> ', pay the Escrow items when due. Lerder may noti(y the Bortower and require Bortor�er to make up the shortage as pertr.itted by � _-
<br /> � RESPA. . � .
<br /> Tfie Escrow Funds are p�edged as tsdditional security for all sums secured by this Secunty InsWment. It Bortower tenders ,
<br /> , t� Lender the fuil payment of ali such sums. Borrower s accaunt sha�tre aedited witft the bafance remammg for all mstallment �. _,
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<br /> . items (a). (b). and (c) and any martgage insvrance prertsium instaliment that Lender has not become obligated to pay to the y
<br /> Secre[ary. and Lender shaU prompUy refund any eucess funds to Bortowec Immediately prior to a toredosure sale of the Property I _ : ` •�
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<br /> ! or its acquisition by Lender.Borrower's account shall be credited wrth any balance remainmg for ali installments for rtems (a). (b). ,
<br /> ' j and Icl. � : ' - _
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<br /> �� 3.A�pllCa4iOf1 Of PBytE'e2QtS.All payments under Paragrapns � and Z sha1S be agg'ied by Lender as follows. F„' , .,
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<br /> RPS$,to the moRgage insurance premium to be paid by Lender to the Secretary or to the mo�thly charge by the SQCrelary t ; %r r�==_.,.•
<br /> 6�� ��f;re^�v , �:
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<br /> instcad af the monthty mnrtgage insurance pmmium: ��•�•;���r;
<br /> a-�'^ i`��.�., o�", ert;���Lte.,..,.
<br /> ..� 1' SQ����9, tas a^y taxes. sperzl assessmens. !easehotd payments or gre�nd rents. and fire. flootl and oiher h�._.. .:�.•,-,.�,��.�,;;..;s�,•.:;?;.�e"�-:
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<br /> ff � I���; -1. t(.iil%i�in��✓ ��f,.
<br /> �scratsceP:em��s as�G��:e3: " '7ry:'r ;° ',
<br /> t� �Tri�,to;n_�a_2 u�a-:�a R�.atz i "� , ;tr � r+,� �"'d�
<br /> a}yS�'` �c( ,s�r r r�N,':.
<br /> `!h �� cf i�'�Ot2:a:tc r; �1�� s,fi±�°�s�,6tV,�� �f r.�.�
<br /> �.- �?::�t6 d"�Jil..�.::i; � c'J ..^�.2: :, � �; wft•�
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<br /> �13r` `<.���!`uTt4��fF(J:£!�l9cfT� n.
<br /> A°�i:r..:a� �^.�rc�:a.�.,� ,`•a ti�a " . , . ik'•
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<br /> ' -r •an t,-ao'• s£:: rs_-�3 ai im�'-a:Cr.�?� ^^ "'a:'—.�_�;. »`,V;;.:s • c` • -:Tnr+H�:
<br />�..���'-'.� �`,r. (�fPQ. �Q9� v'T..?1� K+��..i"J'tC �.Ci� : .:7'2RG�. Ll_ r .... .. ,:�`r:+'1i-�I,_
<br />�br� ; > n ha�.�-ds r..�.atGes. ar•d contingencies. induding fve. for which Lendu �"'`� ' �
<br />:::;�,4;1 �-;.v I', �S*.cRce O 5��52q BTf ev�c:ed. agai st any `�,�'`_
<br />°1�r"� requfres insurance. This msurance shati be matntained in the amosrts and tor the periods that Lender requires. Borrower shall ����__
<br /> . also insure all improvements on the Property, whether now in existence or subsequenUy erected. against loss by floods to the :` '` �.
<br /> ti'° extent required by the Secreffiry. All insurance shalt be carried with companies approved by Lender. The insurance policies and
<br />'��i�"� an renewals shall be hetd by Lender and shall inGude toss pa y a b te d auses in f avo r o t.a n d i n a f o m►a c c e p t a 6 1 e t o.L e n d e r. #�
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<br /> In the event of loss, 8orrower shall give Lender immediate no6ce by ma�l. Lender may make proof of loss it not made - :`(,M
<br /> prompUy by Borrower. Each insurance company concemed is hereby autho�ized and directed to make payment for such toss . r: � —
<br /> directly to Lender, instead ot to 8ortower and to Leoder joinUy. All or any part of the insurence proceeds may be epplied by ',�°��' � ix; � k t,•,
<br /> :�.,'_.
<br /> Lender, at its optfon, efther (a) to the reductlon of tha indebtedness under the(Vote end thls Security InsUUment, flrst to any , : �
<br /> � del(nquent amounts applied in the order(n Paragraph 3, and then to prepayment ot pdnGpal.or(b)to the restorallon or repalr of ��".,,. . '�
<br /> the damaged Property. My appiication of tho proceeds to the pdncipai shall not extend or postpone the due date of the �€__
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<br /> monthty payments which are reterted to in Paragraph 2. or change the amount of such payments. Any excess insurance . '
<br />' � proceeds over an amount required to pay all oulstanding indebtedness under the Note and this Securiry Instrument sha(f be paid _ �;lC�r!'.
<br /> • - � to the entiiy legaliy entRled thereto. '�,• �• �=, �`•"
<br /> In the event ot foreciosure of thls Security Instrument or other transfer of title to the Property that exdnguishes lhe 5 '�'�:_=-
<br /> indebtedness.all rfght,title and interest of Borrower fn and to(nsurance poticies in force shall pass to the purchaser. • c• y=-
<br /> .ur.�i�fiC'.:;
<br /> 5. Occupancy, Preservatton, Malntenance and Protection ot the Property; BorrowePs Loan �u :�
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<br /> Applieation; LeBSShold9. Bortower shall oocupy, establish, and use the Property as Borrower's pdncipal residence wRhin 4. �. ...- • 3_-
<br /> sbdy days after the execution ot this Security In..`trument (or wfth(n s6cly days of a later sale or transfer of the Property)and shall �""`a`�"—'�'��
<br /> � `�'�o�c��'6•'�:
<br /> coat:.we to occuyy ti�e Roperry as Borrowers pincipal residence for at least one year after the date of occupancy, uNess .. ,•,.
<br /> .i Lender determines that requirement wi(I cause undue hardship far Borrower, or unless extenuating dreum.stances exist wtdch are
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<br /> � beyond �ortowers con�rol. Borrovrei shafl noti(y Lender af any e�Rrnuating c"ucumstartces. 8orrower shall not commR waste or _ •..,�'�
<br /> destroy, damage or substantiatly change the Property or allow the Property to detedorate, reasonabte wear and tear excepted. _ ---����.,�
<br /> . Lender may inspeet the Property if the Property is vacant or abandoned or the loan is in default. Lender may take reasonable "++,►,t.:i ,;`;�;r�r;.
<br /> action to protect and preserve suc:�vacant or abandon�d Property.Boaower shall also be in detauit if Bortower,during the loan �.� ;__,�.��.
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