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<br /> � ' . 97.� �,O�i4l9'7 .� . � _
<br /> � Londor moy, at nny tlme, CotbCt and hotd flmounta tor Escrow Itemd In an eppreflate amount not to exaeed the mexknum
<br /> � nmount that may bo roqulrod for Bortowrcra o�crow account under lho Rcal Eotuto SottbmQnt Proct�duro� Act of 197b, 12 U.S.C.
<br /> � � 2G01 et geg, and Implemanthp repulations, 21 CFli Pert 3500, e8 they mey be amanded trorn tlme to tYne ("RESPA"), except .
<br /> � thet the cushlon or reserve pertnHted by AE6PA for unant�iptted dbburaements or dlsbureement6 ba(ore the Bortowers
<br /> Ipayment8 are Aveilsble h the acoount:nay not bY bised on unounte dw for ths mortpiqa hsurance prsmbm. „ -
<br /> I If the emounta held by LMder for Eacrow Ilwm�xCNd th�Imountt p�rmftted to b� hefd by RESPA,Lw�der ah�ll acaount
<br /> jto Borrower for the exceas tunda ae requYed by RESPA.I} the amounts of funda held by Lender at any time are not aulfblent to
<br /> � puy the Escrow Items whon due, Lender may noll7y lhe Oorrowsr und requlro Bortoe�cr to mnlco up tAo �horinp0 a9 pertnitted by
<br /> RESPA. •�'!�+�+���
<br /> 7ho Escrow Funds ere piedps�d es addRbnnl security (or all eums seoured by thle Securky Instrument.If 6onower tendere X�,.��
<br /> to Lender tho fuil payment of all such suma, Borrqwore account shall be credRed wkh the baiflnce remalnhp for all hstalknent ,�'�•
<br /> ftems (a), (b), and (o) and any moApaye hsunrtce premium k►atolknent that Lender has not beaome oblpated to �ay to the .;;u;.��
<br /> Secretary,and Londer shall prampty retund any exCess Wnds to 8orrower. Immedtatery prbr ro a forecbsure sale ot the Property -__
<br /> or ks acquisklon by Lender, Borrowers eccount shall ba cradftad�vkh ony balsnce remalnlnp for all Inetslknents for Rems(a).(b), ----__
<br /> anA(c). ---..-
<br /> 3. AppIIC81I0�f 01 PEy1T1CD�.Ail p8yments under PBre.qrBphs 1 and 2 shall be epplfed by Lendet ee folb�v8: _
<br /> FlfBt,to tho mortqepe haurance premium lo be pald by Lender to the Secretary or to the monthy oharge by tho Secretary
<br /> instead of the monthly moRyape�nsurance premlum;
<br /> Second, to any taxes, spechi a6sassments, feasehold peyments or pround rents, and fre, ibad and other haurd -
<br /> insurnnce pramiums,as requked; - -----
<br /> Third,to interest due under the Note;
<br /> Fourth,to emortlzalian of the pnc�pat ol the Note;and --
<br /> Flith,to late cherpes due under the Noto.
<br /> 4. Fire, Flood and Other Hezard Inaurance. Borrowar shBN hsure all knprovaitients on the Property, whether
<br /> now h existence or subsequently erectid, ap�hst tny harards,casuaklas, �nd contlnpenaies, holudinp ne, tor whlCh Lender
<br /> � requkes Insurence.Thls hsurance nhaH be mahtahed In the amounta cu�d for the perbds that Lender roqukes. Borrower shall
<br /> also Insuro all Improvements on the P�opxty,whether now In exbtsnca or aubsequenty eraated, apainst loas by fbods to ths __
<br /> extent requked by the Seeretary. AM haunnce ehaN be carrbd wRh aompaniea approvxd by Lender.The Insurance poNoMs �nd -
<br /> � any renewals shall be held by Lsnder and ehal hcbde baa payable oleuses h favor ot,and In�form acceptable to,Lenda�. �
<br /> � In the event of loas, Borcower shaY plve Lender Ynmedlate notbe by mail. Lender mey make proof of bRS N not made ,
<br /> �- '- -�— promptty dy esoROwer. tacn inaursnce company concurnea w i�wouy sui�ar�d arC d w^i�d !o :ra..�� C:;sts�t �ni e�n� hRw -
<br /> dlrectly to Lender, Instead of to Borrower end to I.ender Jointy.All or nny paR of the hsurance proceeds may be applied by ��
<br /> . Lender, at Its option, efther (a) to the reduCtbn of the hdebtedneso under the Note and thls Securky instrument,flrst to any _
<br /> delinquent amounts applled In the order In Panpraph 3,and lhen to prepayment of prMioipal, or(b)to the restoratbn ar repaY of
<br /> • the dameged Property. Any eppi�ntb� of the proceeda to the pnc�lpal shall not extend or postpone the due dtte o} ths
<br /> �, monthly paymente whlch are retertid to fn PlraqrnPh 2, or chMpe the �mount ot such paymants. My exCess hsunncY _
<br /> . r proceeds over an amount requfred to pay all outstandhy hdebtedness under the Nota and this SeCUrky Inetrument ahtN be pttd ;
<br /> � to the entity Iepally entkled thereto. E_
<br /> � In the event of lorecbaure of thb Secur�y InsWm�nt or other tranafor of tki� to tha Property that axtin0u�ah�s the j;
<br /> , indebtetlness,aU ripht,tkle and interost of Bortower in and to Insunnce po1bN6 in forC�shaN pass to th�purohas�r. �— -
<br />_ b. Occupency� Preservatien, Melntenance nnd ProteeUon of the Property; Borrovrer'� Loan �P
<br />_ HpNi:CBtfon; L@esEhOlds. Baroww shal occupy,�stabiish,and uso tha Nroparty as Bortowert prinoipal ns{d�nco wkhh ��
<br /> - -�" s6Ay days arier the executton o}thb Securky instrument(or wkh„sbcty days ot �MtK srb or U�nehr ot lh� Prop�rty)and �haM E�`�..�
<br /> � conthue to occupy the Property es Borrowef� princpal restdence ta at leaat on� yar aft�r the dat�of ocCUpmoy, unbss �-..i
<br /> Lender determines that requlrement wlll ctuso undw hardship for Borrower, or unkss uctenuathp circumstu►c�s�xlst whinh�n
<br /> :M
<br /> _ „ beyond Bortowers controi. Boaow�r shU not�r L�nder of tny �atenulthp olroumsW�css. Borrowu shal not Commk wist�or '.�-
<br /> 'i de�troy, darts��a er sub�L:nt�; ch�r:�th� Pro� et elbw the Property to det�rbMte, ronsonWb weu and tou nrceot�d. �--_==--
<br /> Lender may hspeat the Prope�ty k the Prop�rly b vaaant or abmdornd or the ban b In defauk.Lendx may tako roason�bis c •��—'�-
<br />_ �� �"`—
<br /> : � aotion to protect end proserw auoh vacuit or�bandon�d Prop�Ay. Bortow�r ehnC abo b�In dstauR N Barow�r,duriny th�Iou► _,:_-__- - �
<br /> , � epplfcatlon process, yave metorlaly hfa�or h�ccunte htortn�tbn pr etatements to Lender(or taNed to provide Lsnd�r wkh�ny �'�,�.--=_---
<br /> material hiormatbn) tn connectbn wkh th� b�n evidenced by the Note, Inaludhp,but not Iimked to,reprosentttbna oonc�minp �� ��`
<br /> , � ,.,�: •.�
<br /> � BoROwers oCCUpanoy of the Property ee a prksap�l resldenee. If thla Security Instrument b on i leesohold, Borrow�r eh4a .��• ,r
<br /> + �q, ..
<br /> comply w(th the provisbns of the Iense.It Bortower 6cquires fee tR�e to the Property, the Ieesehoid flnd tee tkb shaN not be ` 4', ra•• iq *•-
<br /> " ener ed unbss Lendsr n rees to the h writln �����-���� ���t;
<br /> 9 0 me+0er 0• .: .:1�'����*'°'�y��;:
<br /> , 6. COItdCm11At1011. The procoods o}eny eward or o1aYn for damayos, diroot or conaaquentlal, h oanneatbn wkh any � '
<br /> , condemnatlon or other takinp ot eny pflrt ot fhe Property, or for conveyonce In piece af a0ndemnetbn, are hereby aasipnsd utd ° � �"
<br /> shall be pald to Lender to the extent of the(utl amount of the Indebtedness that remehs unpakl under the Not� and lhls
<br /> Security Instrument. Lendet ahall apply such procoeds to the reductbn of the Indebtedness under tNe Note and thNs 5ecuriry �
<br />— Instrument, first ro any dalhquent amounts applfed In the order provlded in Parepreph 3, and thsn to prepayment ot prinolpai.
<br /> �' , Any appifcatlon of the proceeds to the pnc�lpd sh�q not extsnd or poatpona the due date af the monthy paymonte,wh�h are ,
<br /> relerced to In Peregreph 2, or ehonpe tho amount of euoh paymer►ts.My excese proeeeds over en Qmaunt requksd to pay aN
<br /> • ) outstanding hdebtadness under the Not�end this Securfty Inetrumer►t shall 1»p�ld to the entky bpuNy entkted theroto. : �
<br /> _ � 7. Charges to Borrower and ProtecUon of Lender's Riqhte in the Property. BoROwer shatl pay all
<br /> _._:__.._._—�
<br /> govammo�tal or mun�Cipal charqes, fines and impoaRbns that nre not Included In Parapr�ph 2. Bv�rtower shaA pay theso -
<br /> � obllgatlons on timo dkeCtry to the entity whbh Is owed the payment. It t811urs to pay would ativers�ly aNeCt Lender6 ht�ast h
<br /> � the Property,upon Lende�'s request Bortower ahall prompty(umish to Lender receipts evidenciny theae peymenta.
<br /> If Borrower lalls to make those payments or the payments requked by Paraqraph 2, or fails to pwform any other covenonts
<br /> � and sgreements conteined h thls Seau�ity Inawment, or then b� byal proceedNp that may alpnMfcantly tBaot Lendefs riphts h
<br /> the Property(such as a proceedinp In hankn�ptcy,for condemnetbn or to eniorce laws qr repulatbne), then Lender may do and
<br /> - � � pay wnetever Is necessery to protect the value ai the Property end Lenders rqhts In the Property,hcludhp payment of texes,
<br /> � hazctrd Insurnnce and othor kems mentbnod in Pareqraph 2.
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<br /> IF6l1S.LM0(0/90) P�p�t of 6 ..
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