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201107845 <br /> 2. Month@y Payment of Taxes, lnsurance arnd Ots�ee Charges. liorrowcr shzill includc in cach iriumhly <br /> px;mcnt, togclher wiLh the �rincipai wd interest as set�Porth in the_Nnte and any lalc char���. a sun� lor <br /> (a)taxes and special a,sessments levicd or Lo hc Icvicd xgaii�sl Lhe Pruperly, (b) leasehold payments or <br /> eround ren[s on the Pruperly, rind (c) preiniums R�r insurance required under paragraph 4. ln an}�• ;�cttr in <br /> which ihe Lender rnust pay a mortRa�e insurance pren?ium io thc Smretary ol�Huuaii�g end Urban <br /> Development("Sccretaiy"), or in tm; yenr io w-hich such prein[um �uuuld have been required if Lcndcr stitl <br /> hcld ihc Seouri�y ]nslrument, ench monthly payment shall also include either: (i) a sum fur ihe nnnunt <br /> mortgnge insurance preinii.im tn 6e paid 6y Lender to tne Sccrctan�, or (ii) a moolhly ch�rge instead of a <br /> mm�tgaoe insw-anez prc�nium if this Sccuri�y [i�sirument is helcl b�� the Secratary. ii�a rea�sonnblc amount to <br /> bc dctcrmincd by thc Secrrtnr}. Ezczpl R�r the inon[hly charee liy Yhe 6ecretar;�, thcsc itvms;arc callecl <br /> "Llscroee 11ems" nnd �he sums �iaii Lo Lender arc callal °Cscro�r Funds." <br /> I.endcr m�ny, aL tmy Limc. collcct.mJ hulJ ainouuts lor L,sa�ow� Ikems in an agg�cca�c nino�_mt no� W e.�;ceetl <br /> lhu masimw�� ainounl lhat ma�� be required for 13orro��vei's escrnw ucanunl undcr lhe Fenl Lscote Settlement <br /> Nroeedures Act ot 197d.. 12 C.S.C. Section 2601 et seq. and im�lementine regulntiais, 24 CI=R Part 3500. <br /> ns thev may be amended 1TOm timc to time("RESFA"). cncept that 6hc cushion nr rescrve.pa�mitied by <br /> RFSP/�ibr un�ilicipsdcd disbureaiYrents or disbursemouts before thc Rorro�xcr'a p<�yments are ac�ilable in <br /> �he accvunt may not be trased on arnouncs due ior the mortgn�e insin�encc prernium. <br /> If the amounts hcld by Lender for L-sca-ow �ler�s exceed Lhe umounis permitYed to bc hcld by RESPA, Lender <br /> shall account to Rorrower for �hc csccss (imJs as roquired by RL;yPA. If tl�e �mount,of tiu�ds hcld by <br /> Lcndcr uL any lime are not sulficient to pny the I;scrmu Items�ehci� duc, Lcnder rnay notify Lhz 13orrow�er <br /> und rzquire Boirower to inZke up the shorta�e as permi[tcd by RESP,a. <br /> 'fhe ISSCrurs i-unds are pledgcd as ndditiontil s��;uri�y lor atl sums se,cured by this Security [nsh-�m�cnl. <br /> If Borrowcr t�nders lo L2nder the Fuit pnymeni o'Pall such eums, Rorru�vcr's accounl sholl be credit:ed with <br /> lhe bnlance remtiining fa-ali inst�tltment itcros (a). (b), �md (e) ai�d onp mort�a�e insw�ance prcn�ium <br /> insCallment that I,ci�der hns noL becomr obligaled io pay to the Secretary, and Lci�der shall promptly <br /> rcfund ttiny ctcess funds to Llorrower. Immediately priar [o a lor�wlusure sale of the Prnperty or its <br /> twquisition by L,ender, 13orrowei°s account shall 6::cr�Yliuvl wilh �ny balance remaining tor:�ll ins[slimcnls <br /> for iteins(n), (b), ai�d (c). <br /> 3= Application of POymeslts. AII payment�s under paragraphs I an�i 3 shk�.11 be ap��lied 6y Len�9cr av iollo���s: <br /> FirsL lo lhemortgage insurnnce premium to be paid 'u-;� Londer tu Lhe Secretaq-or m [hc mon�hly ch�rge by <br /> ihe Secretarv� instead of the monthly morlgngc in�urance premiwn:. <br /> Seoond, to any tascs, spceial eisacsdmei�ls. le:�sel�old po�ymenLS or ground renls. and fire. floud and nthcr <br /> hazard insw-zmcc�rcmiuma, as ru�uired; <br /> 7'hird, �o intea�est due uncler tha Nota; <br /> I�nurth. Yo amorti�ation of�hc princip�il oi Lhe Note: and <br /> Fiftii, to laic churecs due under the Note. <br /> 4. Fira, Flood and Other Haaard lnsurance, Burro.��er shall insure all improvcmcnta un lhr Properry. <br /> whether no�m� in c�islcncc or>ubsequentl�- arecleA, sg�iinst any hauirds. casualties, and cnnLingencics, <br /> includine tire. fm� �vhich Lender ra�uires insurnnce. �fhis insw'ance shall be muintnined in the amnunts and <br /> for the periods[hat Lcndcr reyuires. Borro�+-er shall also insurc nll improvemenis on the I'ronerty, �vhcther <br /> now in exis�ence or subsequentl}' crcctcd, agninst luaa by (7oods to the extent requircd by �he Secretar;. Ali <br /> insuranec shtail be carried ���ith compauies approved by Lendcr. The insinance policies and any rcne��vals sha(I <br /> be held bp Lunder �nA shall inclucie loss paytiulc clauses in favor of, and in a fonn <�ccc�lable lo, Lender. <br /> 2C1'148�2325 10004EPGG01'.EESi43 a�<� <br /> FHP N'nrtgage Wli H MFR.NE Reolsetl 9/JG Fmentletl�104 <br /> '�pqP ry VMPG4QJ@:ry 105) <br /> 'NGtei s Klmrv ar Rnanclel Servlcas Pa�e 3 of 1� <br />