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..�,....� , <br /> .�� <br /> " .s_,:. <br /> 1�-. <br /> '.' . ' . ''�- .,�=_ <br /> 97- 10i�0� <br /> If the amounts held by Lender for Escrow Items exceed the amounis permitted to be held�y RESPA,Lender shall <br /> accouret to Bosrower for ihe excess funds as required by RESPA. If the amounts of funds held by Lender nt any dme <br /> '��, aze not sufficient to pay the Escrow Items when duc,Lender may nodfy the Borrawer and require Borrower to mnke up - <br /> the shortage as pertnitted by RESPA. ,�_ <br /> The Escrow Funds ere pledged as addidonal secur�ty for ell sums secumd by this Seciuity Insuumen� If Borrower ;;°' <br /> t�nders to Lcnder the full payment of all such sums.Borrower's accaunt shall bc cmdiuA with the balance remAining for __ <br /> all installment items (a), (b).and (c)end eny mortgage insurance premium Installment that Lender has not become E;�� <br /> obli ated to pay w the Secre prom d refund en excess funds w Borrower. Immediutel rior to �' <br /> g tary.and Lendu shall p y y Y P <br /> a foreclosure sale of the Property or its acquisidon by Lender,Borrower's account shall be credited with eny balnnce �,_ <br /> � � remaining for all insteWnents for items(a),@),and(c). <br /> � 3.Application of Payments.All payments undu paragraphs 1 and 2 sha11 be applicd by Lender as follows: �.'� <br /> � �,to the mongage insurance premium to be paid by I.ender to the Secretary or to tpte monthly cherge by the - <br /> ' Secretary instead of the rnonthly mortqage�nsurance premlum; <br /> • $�, to any texes,special assessmPnts,leasehold payments or ground rents,end Cu�e,flood and othu hs�zard �� <br /> � insurance premiums.as required; ��``' <br /> �,to interest dne under the Note; !s y <br /> � � �y�,to emordzadon of Yhu principal of the Note;and <br /> " ' gjQh,to late charges due undes the Note. � <br /> 4.Fire,Flood and Other Ha�rd Insurancc.BaTrower shaU insure all Improvements on Ihe Property.whether - <br /> • �� now in eaistence or subse�uendy ereceed,against aay hazards,casualdes,and condngencies,inclu�➢ing fire,for which ~:=, <br /> � ` Le,nder rcquires insurance.'Ihis insurence shall be maintained in the amounts and for the periods that Lende�requlres. _ <br /> �' , Borrower st�all also insure all improvementa on the Propetty.whether now in e�cistence or subsa1uendy erected,egeinst = <br /> loss by tlonds to the extent required by tho Secretazy.All insurance shall be carried with companies approvcd by Lender. - <br /> � - ! 1he insurac►ce poli�ies and any renewals shall be held by Lender anA shall inctutie loss payabie ciauses in iavor of,and � <br /> • in a form acceptabl�to.Lender. <br /> In the avent af los.4,Horrower shall give Lender immedjate notice by mail.Lender may make groof of loss if not <br /> made promptly by Bomnwer.Pach insuraax company concemed is hereby authorized and directed to make payment for <br /> such loss diroctly to Lender,instead of to Borrower and to Lender joindy.All or�ny part of the insurance proceecls muy <br /> - be applied by Lender.at its opdon,either(a) to the reclucdon of the indebtedness under the Note end this Security <br /> . . Instiwnent,fuss w any delnquent amounts applled in the order in paragruph 3,and then to prepayment of principul,or ,= <br /> . (b)w the nswradon or repair of the damaged Property.AnY BPPlicadon af the proceeds to the principal shaU not eactend ��- <br /> or postpone the due date of the monthly paymenis which ere referred to in paragraph 2,or change the amount of euch `•' <br /> , , payments.My excess insurance proceeds over an amount requine�l to pay all outs�nding indebudness under the Note � <br /> �. <br /> „ and this Security Instnunent shall be patd to the entity legally entided thereGo. � <br />_. . . In the event of foreclosure of this Sec�rity Instcument or otha transfer of title to the Property thet exdnguishes the ---- <br /> ._ indcbteMess,all right,tido end interest of Boirower in and to insurance paHcies in force shall pass to the purchaser. � <br /> �, . -' S.Occnpancy�Preservatb�, Maintenana and Pratection o!We Property; Borrower's Loan Application; `' <br /> Lcase6olds. Borrower shell occupy,establish,and use the Pmperty as Borrower's principal residu►ce within skty days =- <br />��' efter the exacudon of this Socurity Instrument(or within slxty days of a later sa�le or transfer of the Pcoperty)and shall � <br />- _.._•;:,_-_- . continue to occupy the Property as Bomnwes`s principai residence ior si ieast o;�a yrac aiiu �to�;,3f e�,,.^^s.�ar�y, °__ <br /> ` '�"� unkss Lender desesmines th�t requirement will cause undue hacdsdip for Sorrower,or unless eactenuating circumslau�ces = <br />`�" ' , axist which are beyond Boirower's control. Bormwer stiall notify Lender of pny exten�adng circumstences.Borrower <br /> -"� shall not commit waste ar destroy.damage or substaatially change the Prope�ty or allow tha Property w deteriorate, " <br />-'" ••- , reasonablc wear and tear eacepted.Lender may inspect the Property if the Property Ls vacet►t or abandor.ed or the loan is <br />�°�' �•�° in defanlG L.ender may talce reasonable acdon to protect and preserve such vacant or abandoned Prope�ty. <br />__„ �.- <br /> (�4R(NE)tetaq.o+ a.p.s oi e innuia: <br /> �a . � "' . <br /> ,. <br />_ �. <br /> -- .: <br /> , <br />= � ------------- - -- -.__. _._.._.Y -.---- ---� __...�...'-,....� —_------------- --_._ .. . ,. _��-���. <br /> z <br />_� . .. . <br /> � _.::.1 � <br />