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<br /> ' ,``lti te amount not to mcceed the��m .. ,, �,` :..
<br /> , . . Lendm may.at enY tbne,col�ct end ho10 emounts tor Escrovi Items in an ag�e9a 4_.,T',,t� �
<br /> _ , � ,� 4 amount that may be re4u'veed for eortowers eserow aeeount under the Reat Es��e Sett�+eM Procedures Act ot 19�4. 12 U.S.C. . -
<br /> � � �-i . �260t g��e3:and QnP�mentu�g re9u l a t 1 ons. 2 4 C F A P a rt 3 5 0 0.as the y may be a.�nended irom Gme Uo Ume('RESPa)��eP� . ,
<br /> , �� tAat tAe cushion or reserve PermMed bY RES�A for unanUelpate4 disbursa�e^� or disburseme��s befure t h e B o r r a w e r� , ..
<br /> . � ��e��gip g�pf�fn the accauM�Y not be besed on amounts du9�or tAe martgaSs����p��m.
<br /> ' tf the 8m
<br /> ounts hetb by Lender for Escrow Items e�esd tue amounta perm3ted to be hetd by F�SPA.Lender sAaO aecount� •" ;.
<br />. ' � to Borrowar tor tAe excess funds as re4uired by FiESP0.It the am�u0ffiieottr�e Bo oewer t matce up the 5horta98 sst0�tbY� ` . .
<br /> t�der may notilY the Borruwer q++ . .< <�
<br /> � ' pay the Eserow ttsms wlten due. '. . ` _
<br /> • � � pESPA Insuumen4 It Borrower tenders ; ,•. '` _
<br /> ' . The Escrow Funds are P(ed8ed as addfttonal securdY tor aU sums seeu�ed by this Security for aU ins�en �. .°
<br />.; �-�z�.:� to Lender ttte 1u11 peyment of ell suct+ sums. Bortovrefs aecount shBU be cred�ted wdh tPie balanee remaMin9 ; . `+ ��,
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<br /> - - � '�: ;tems (al. (b). and (a) and any mortga9e insurance p�e�+m��^t that Lender has not become oblsgated to Day to th� - 4
<br /> . . ` L' , Secretery.end Lender shall PromPtM�e�und enY excess tunds w 8orrower.Immediat�ry Prior to a toreelosure sele at the ProPeRY . ...
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<br /> or�7s ac�Nis�ion by Lender.BoROwefs account Shatl be credited wRh eny 6atance rema�tng for aD instaNnents tor trems(a?.(b).
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<br /> . 3, AppltcaUon ot Payments.�m w e Danldd by l.�e�v the Se2cremrY oe to�e�on ry�ct�araef by��e seuewr ' � -
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<br /> �� . '� �($�t0 N16 IROf[g8$0 QIS4f811C9� � 'i� : '.
<br />��` • � insteae ot the month►Y mcrtBaSe�nsurance Premtum. . N
<br /> teasehotd Pafn►'�ents ar ground rents. and frce. fGDOd and othet ha�'d f.
<br /> � ' Secorid, w any raxes. svec+al ess�sments. . `' -_
<br /> . insurar►ca ptemiums.as requtred: '�. ; :._`'-
<br /> �. � TQlifd.to interest due under the Note: :- - '°'�_ ,-
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<br /> FOUfth�to emoRhation ot the Princ�a�of the Note:and ,.� :. -_—
<br />- ,- . . ��11.to tate Charges due under ffi8 Note. •f� '" .,_._,�,-.
<br /> ` ' a. Fire� Flood and Othsr Hazard lnsurance�. 5 ��a con�se�� "��tl�'a� ro„�,kn t.ender '', M` :,---
<br /> • now in extstence or subse4�entiy eracted 89�� �y . : ��:..F.::. :_=—
<br /> , requires insurance.This insurance shail be malntafisd in the emounts and for the pertods Mat L�derst oss by flo Qs�St� -
<br /> F; • at5o insure a�l�p�ments on the PropeRy.w►►ether now in e�dste�ae or subsequenty erected� 9� ' '
<br /> ,�:f extent reQuued bY the Secretary AU i�surance shall be cartied with companies ePDroved by Lender.The insurance Poticies and ,��.'k:;��
<br /> anY renewats ShaU hs held by L.ender end shaQ inClude loss payable Ctauses in favor Ot.and�a torm Bcce P 1 a bte W.Lentfet. -
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<br /> � . In the ever►t of loss. Bortower shaD give Lender�����authar(zed artd dUecteO to mske PaY+ne t for such bss � -G _
<br /> . prompul► bY Borrower. Each insurer�ce comDanY concemed AD or any D� of the insurance Proceeds may be apDQed tiy . —
<br /> � directty to Lender, instead of to Bortower end to Lender jobitty. �ngttument. ibst to eny - --
<br /> ' � lender,at Rs opUon.eftAer(e)to the reducKfon o„30�a hen to preAellm�t N��Da o�r @�°t�e�BUon ar repaU of _ _
<br /> `'`r � del'mquent amou n t s a p p l l e d f n t h e order tn ParagraP
<br /> ,•. . . :
<br />.,.�! . the dama9ed p�operty. q�y apPfication of the proceeds to the pcincipai shait not mcten d ar p a s t p o n e t h e doe �� �Ce ...
<br /> ' • mosithN PaYments which ace retemed to in ParagraPh 2. or change the amount of such payments. My excess y �
<br />�t,�'. ; proceeds over an ar►'�ount re4uued to OaY a�outsta�d�e�Q�tBa"�under the Note and this SecuritY ��sUUment shaU be patd ._:.-y.�
<br /> � � to the entity�aS�N�t�d thereto. Lshes the ` "--
<br /> � �" tn ti�e event of foreclosure o! this SecurBY Insbument or oUter tr�nsfer Of titie to the PropORY thst extin9u ;-=
<br /> indebtedness.ail right,Yrtie and tnterest of Bortower fn and to msurance 0a���^torCe shall pass to the purehase�• , .��,:1�_
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<br /> � �' Maintenance and Pro4ection ot the �operty. Borrowe�'s t,oan ` .�.rt,,
<br /> '..� .. , ' S. Occupancy. Presewation, � :;=.
<br /> �, ' Applicat�on; L�88Bh01d8.Botrower sha0 occupy.esteb�lsh,and use the PropeRy as Bonowers princWa�res�den�a g a �„ �,
<br /> . . Syny pays g{ter trye 6xecuUon of this SeCUriSy Instrum�c t 8�fes de�toraat teast oneryear after he dat of occupancy. uniass •��
<br /> i : � � , Continue to occupy the Property es Bortowers p �P -�--
<br /> � lender detertnines that requirement wi0 eause undue�of�fo����g c�u�����Bo o er Shall�not t commit wast0 ot
<br /> Deyond Bortowefs ConVOI.8ortower sha0 notify I.ende Y '��
<br /> °� ' desuoy, damage or substantialN change the PropertY or altow the ProDBRY �o ����a�ate, reasonab�e wear e�d tear excePted•
<br /> ,;', . '• ` Lender may inspect the Property if the PropeRy is veoent or abandoned or the loen is tn detautt.Lender may�e reesonable . ..
<br /> acNon to protect and preserve such vacant ar abandoned PropeRY.BOROwet 5�8D elso bA in defsu�t N BOROweir,during the Ioan �., :4�
<br /> `% appi'�cation proceas.gave matedatty talse or ineceurate Information or statements to i.enQer(or tai�ed to proviQa LEndet with enY
<br /> materiai intorm8t�on)in conneCtipn with the�oan��'��1dencee�N�� $�u ri'�nst�umentnis onoe teaseha QU BortoWere ShaO
<br /> ' � Borrowers occupancY ot the Property es e P �D ..
<br /> . �'� wilh the provtslons oi the lease. N 8ortower acquires fee Y�tle to the PropeRy,the I�seho10 and fee titis sha0 not be
<br /> . compty •
<br /> , �.� mergee uniess Lender agrees to the merger in wrtting. d��or conse4uent1al, in connectlon wfth any �� •
<br /> - � 8. Condemn�tlon. The proCeeds ot 8ny 8vt8td Or cla(m fot dsm898s+
<br /> ,�` ��; � � 1 Condemnetlon or other takin9�t an9 Pe�o}the P'o�o n�o}athe indeb dness�t�remains u�paid'under thOYN e aed his .
<br /> .. ,._] sha0 be pa�d to Lender to the extent ot the fu .
<br /> , _ � ::1 Security InstrumeM. Lendet shall eppry suCh proCeeds to the reducUon Ot tha indebtedness under the Note and this SeCUrity
<br /> � I n s V u m e n t. f U s t to an y delinquent amounts apDfied in the or08r provided in Paragraph 3. and then to OfBAaYments.t hrkh�are
<br /> � q�y 8ppl'�catian of the proCeeds to the prmcipat shall not exten d or p o s t p o n e t h e d u e d a t e 0 1 the monthiy pay .
<br /> �.�! ' reterretl to in ParagraPh 2. or change the emount ot suCh payments.Any excess proceeds over en amount requUed to pay aU
<br /> I outstandm8 indebtedness under the Note and this Securitp Instrument shall be peid to the entity tegalty ent8o owershall paY sU � �
<br /> � 7. Chargea to Bonower and Protection of Lender's iiighta in the P�hP2��ower sh811 psy the5e . � ,
<br /> . � I govemmental or mun�Cipal chatges, finos eed imposittans that are not tnctuQed in Pere9raA .
<br /> ..�� � obligations on tbne direCtly to the Bnlity which h'owe��t���mish to'tsnde�receipt evideneing he e pa ments.ers �t9resi in
<br />��. .` . I the PropeAy.upon Lenders requost Borrower s a P D •- .
<br /> ! N Borrawer faits to make these payments ar the payments requaed by Para9�aph 2• or tails rt���aNect Lender's�r�ghts1in �
<br /> � . , : � and agreements contalned in this Socurity Instrument,or there is a legal proceeding that may sigri' . ,
<br /> , the Property (5uch es o ptoceeding in bankruptCY;the Pto ertyeand Lender'srghts in t�e rP opetAy.s��h�ding payment ottenee.
<br /> -• � � pay whateve�is necessary to protect ihe vatue o P
<br /> nazard msurance and other dems mentioned in Pa►egreph 2•
<br /> � �,, Payo 2 0�5 •
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