|
-- _;__-�---=�._._ . __... . .
<br /> � .
<br /> , :,�_
<br /> . \,^ y . . .. _,
<br /> , . .. �=
<br /> g?� i��z�� . . � << ` ��
<br /> . ��..
<br /> If the aznounts held by Lxnder for Fscmw Items exceed the amounu pemitted[o be held by RESPA, I.ender , . . , � �_p: -..
<br /> shall account to Borrower for the excess funds as required by RESPA. If the amounu of funds held by Lender at any .
<br />, time are not sufficient to pay the Escrow Items when due, l.ender m2y notify the Barrower and require Bonower to . � _ -
<br /> make up the shortage as permitted by ItFSPA. ,, � .` �� .-_
<br /> � The Fscrow Funds are pledged as additional security for all sums secured by this Securiry Instrument. If t -
<br /> • Borruwer cenders to I.ender the full payment of all such sums.Borrower's account shall be credited with the balance � ` � �:•-
<br /> -�_-,� remaining for all ins[ailmeat items(a), (b).and(c)and any mortgage insurance psemium iastallment that Lender has
<br /> V noc become obiigated ta pay to ihe Secrecary. and Lender shall promptly refund any excess funds to Borruwer. - - - -- -[- _;--, _
<br /> n -
<br /> Immediately prior to a foreclosure sate of[he Properry or its acquisition by Lender, Horrower's account shall be ,��
<br /> credited with any balance remaining for all instalUnents for icems(a).(b).and(c)• ' ` , •.
<br /> 3,Appficatlon oP Payments.All payments under paragraphs 1 and 2 shall be applied by Lender as follows: . _ . , _—
<br /> Fir ,to the mortgage insurance premium to be paid by i.ender co the Secretary or to[he moathly charge by the . _ _
<br /> Secretary instead of the monthly mortgage+*+��*�++ce premium; ' ' '
<br /> econd,to any taaes,special assessments,leasehold paymen[s or ground rents,and fire,flood and other t�azard ..•�:��°" �
<br /> insurance premiums,as recluired; `:;�`:."--
<br /> Third,to interest due under the Note; •
<br /> Fo ,to aznortizarion of the principal af the Noce;and .. -��:
<br /> .• .: ,wcr�......s,,.:.
<br /> • ` � Fi i tc late cha*es due unde�the Note. � '�`� ' `
<br /> , -,,-a_.,:�,�:�-.
<br /> 4.Fire,Flood ana Other iiaz..rd Ins►.-ance.Borrower shall inswe all improvements on the Property.wheiher .: .�:�_. _
<br /> + now in existence or subsequendy erected,against any�azards.casualties.and contingeacies,including fire,for which �+�,�i._�
<br /> Lender requires insurance• This insurance shall be maintained in the amounts and for the periods that Lender _ : ;_�:�_-
<br /> r e quires. Borrower shall also insure all improvements on the Property, whether now in exiscence or subsequently ,:.�_=;�...�!�,•�,,�_
<br /> erected,aga'tnst loss by floods to the extent required by the Secretary.A11 insurance shall be carried with comPanies . — - °•r`,.�;.. .
<br /> � approved by Lender.The insurance policies and any renewals shall be held by Lender and shall include loss payable
<br /> � clauses in favor of,:md in a form accep[able to,L.ender. �` ���� �
<br /> ..
<br /> � In the event of loss,Borrower shall give Lender immediate notice by mail.Lender maY make proof of loss if not ����3`'��`}� .'': �
<br /> concemed is hereb authorized and directed to make payment .='�
<br /> made prompdy by Borrower. Eash insurance companY Y ��.:: �
<br /> . for such loss directly to Lender, instead of to Borcower and to Lender joindy. All or any part of�. insurance �`x � '�• ��-'
<br /> � pmceeds may be applied by L.ender, at iu option,either(a)to the reduction of the ictdebtedness under the Note and `�."'?"�� -:�:•.' —
<br /> y � 9 � p h 3.and then to r a ment � '"'�•'�
<br /> • tbis Security Insuvment,first to an de_in uent amo u n t s p 1 i e d i n t h e o r d e r i n a r a g r a p P eP Y �,,:
<br /> . of princi pal, ar (b) to the restoration or repair of the damaged PropertY• MY application of the praceeds to the �;-. •� ::.
<br /> r:•:-
<br /> ` ' principal shall not extend or postpone the due date of the monthly payments which are referred to in paragrap h 2•or ._t�; ` 't�'-�._
<br /> ��•
<br /> c hange t he amoun t o f s u c h p a y ments.An y excess insurance proceeds over an amount reyuired to pay all outssanding �� `` ' : ;,`�#!; --__
<br /> indebtedness under the Note and this Security Instrument shall be paid to the entity legally entided thereto. _. • :�� . : �
<br /> " In the event of foreclosure of this Securiry Instrument or other transfer of title to the Properey that extinguishes �:� : .• �.;.
<br /> _,r ,
<br /> � � the indebtedness. all right, title and interest of Boaower in and to insurance po licies in farce s h a l l p a s s t o t h e �;��.�. W
<br /> - :�• ;^-
<br /> , �. purchaser. � ---,-
<br /> 5. Occupancy,Preservatfon, MaIateaance and Protertion oY the Property; Borrower's Loan Applfcatton; `� � ��_.
<br /> � Leaseholds. Bonower shall occupy,establish, and use the Property as Borrower's principal residence within sixtY ,.• �t�.:°- =1��.
<br /> days after the execution of this Secvriry Instrument(or within siaty days of a later sale or transfer of the Property) ,_ �,���•,_
<br /> and shaU continue to occupy the Property as Borrower's principal residence for at least one year afcer the date of —�� ��,�^_:
<br /> a ._;._.,•
<br /> occupancy,unless Lender determines that requirement will cause undue hardship for Borrower.or unless extenuating �.ti�,,,�
<br /> ' be ond Borrower's control. Bonower sball notify Lender of any extenuatir.g � ___ _��:�
<br /> circumstances exist whuh are y -, ___
<br />" circwnstances• Borrower shall not commit waste or destroy,damage or subst�r►tially change the Property or allow the . -
<br /> � Property to deteriorate.reasonable wear and tear excepted.Lender may inspect the Property if the Property is vacant �``��,�,. ''�
<br /> or abandoned or the loan is in defaul[. Lender may take reasona b le action to pro t e c t a n d p r e s e r v e s uch vacant or -�+' -- -- _
<br /> � � . ��'�i"-s°°^:
<br /> I',';1!�i�t_ >
<br /> ' �T_�+t'.- . .�7�r-'.':''�..-
<br /> ��
<br /> ��RINE)�98oa�.Ot aafle 3 0�e iNOais: ,•�'�''`�'��`='q-'.. __—
<br /> � ... - � ... - `'r" �
<br /> • :3
<br /> .�-���. . . ....�
<br /> . '__ �;
<br /> l • S
<br /> • `�__
<br /> ■
<br />. • • �?-
<br /> ' � �
<br />. . - . �_'.:_
<br /> l .. .
<br />`-°,----•-i r-•--�-�- -�---=-= �.
<br /> � I'
<br /> ,.' . �. _.
<br /> .. . .. _ _ . -------. --- . — ----�---- . ,
<br /> - -- - - ,.
<br /> _�:_ �.
<br /> -�---. ._ _ ...------,.___.. .. _ ._.__. _ . .
<br /> 1 . .
<br /> �...__.... ,_.,
<br /> _ ' _�._,..r..�., --.-..----_ . : . , — . . . ;^-- _ . . . . ��' � . : . . . � :
<br /> . . .
<br /> . � . ..
<br /> . . . .. . . � � � . . • � .
<br /> . , .
<br /> .
<br /> • : � �, .. . . . .r . • •
<br /> , , .
<br /> . .
<br /> .
<br /> .
<br /> ._, . ,. .
<br /> .
<br /> . . . ,,. . . , , . ;.
<br /> .
<br /> . . .,
<br />
|