|
� ' . � • ;. . .. . . .
<br /> _ _: . �. _ -- - � - - - � ._ . . . ._ • �
<br /> 1 - ' .
<br />- �? ��0 �0��� f � . . .. .
<br /> 4 5.Ha7ard or Pro erty Insurance. Borrower shall geep the improvemeats now existinB or hereaftec er�on the Property � • .
<br /> , p p � .
<br /> . '.� �agamst Ioss by�ire,Lar.uds included witAin the term "extended cove�age" and any other haratds.inrluding tloads or � I
<br /> � Qaoding.for wtucb Lenda requite.c ins�uartce.'lt�is IDsutattce shall be maintaiaed in ihe amounts and for the peciads tt�at L.ender
<br /> tequires.T6e�ttance cazrie�pmviding the insurance shall be chasen by Bntrowes subject to Leudet's appmval which shall not � .
<br /> be unreasonably withheld. If Boirower fa�s tn mammin coverage descnbed aDove, Lender may.a� Lender's optiuon, obtain �
<br /> .. � ooverage w protea I.�da's rights in the Propeaty in aocoidance with paragraph?. � .
<br /> AI!i�uance Po�and renewals shali be acceptable tu L�ender and sshall inciude a standard mortgage clause.Lendea shall �•
<br /> c .� have the right tn hold the talicies aad reaewaLs.If Lender cequires,Borrower st�ll prompdy give w Lender aII ceceipts of paid � _
<br /> � piemiau�and zenewal nodces.In ihe event of lass,Bmrower shall give prompt notice to[he insivance cazrier and I.eader.Ler►d�r [:,: �°. ; .
<br /> � may ma�e pmof of loss if noi made gromptlY bY BoIIOwer. ,
<br /> � .; Untess Leicder and Bassower other�vise agcee in writia8,IDsu�ance Proce�ds shall be applied to restoiation or cepaa of the � .
<br /> ' �P�Y�Sed,if the zestoration or repair is ecflnomicaliy feas�le aad Lenda's security is not lessened.U the reswlaation or _ •
<br /> �� is not ecoaomically fea�le or Lender's secauiry wauid be less�ed,the ins�uance proceeds shail be applied to the sams .
<br /> :ce:�: � to BOi[owez If BOrmw�ab2udons the .- .
<br /> ;>' ; seaued hy t��aCaritY Insmu�►ent,whether or not then due, w'��`.�y e�ccess paid , _ .
<br /> Sac mui � •
<br /> r�,'�i _ -
<br /> � Y m p e�t y,ar'..�es aot ansarer within 30 days a notise from Lendez�the insuiance carrier has offered tn seute a claim,the.n `
<br /> � F.eider maY��ct the ins�aace proceeds.Lender ma}�the proce�is to regair or reswre t h e Propert}+o r t o pa y s u m s s e c u�d . ` -
<br /> �.,�.r�•�� by td�s Sec�-��*suument,whethei or aot then due.T6e 3�.day peri�3 w�l begai wheu ihe norice is given. ' . `..":_:
<br /> :�,;, P�� _. "
<br /> I' 'Y; '
<br /> ;;��:': UWess L•r��,�r��d Bouower otherwise agree us wrining,a�►Y ap�TMC�tion of pmceeds to Shell 11oi e�ct¢sld os poSlp�3t� , n;;
<br /> ,::'t.'}' t3e dae date o��rao�'�PaYmeats refe�red tn m paragrap6s 1 and 2 or ct�uge the amount of the paymeuts.U�mder paiagagb ..��`;#:f;�^
<br />. - "�..Y•�,: .• '�``f`�`;r�",
<br /> ���e Pcop�y v ac�...ri,:r Ly Leatda Borrower's right tn any insurance policies and pmceeds resvlting from damage to the •r��,r; .
<br /> �: , '�' . '
<br /> . _ �S�Y D�m ffie aC�-�n shall pa�to I.endea aQ�ext�t of the suu�s�by this Seciuity Instnun�t immediately ,•�: • � -
<br /> . prior Oo tt:e a�on. . ... -- -
<br /> 6.Q�,Preservat�oa,Mamtenance and Pro�ction of th¢�saperty; Borrows�'s Loan AppHsairaa;Leasea�s. ._'. ,'
<br /> . ' �:� Bomnwer st�[G acrupy,establisL,and use the Property as Bonower's�cipal�esidence within siaty days after the exec�un of t . '.
<br /> t6i5 Secariry In.�tnunent and sdall cantinue to occupy tt�AnPeatY as�uauwea's paincipal residence for ai teast c�ne year aft�ti�e ` ' ;::,-
<br /> ...:�':%.�
<br /> _ _, date of o��ancY, unless Lender otherwisc agrees�m �ng,which oonsent s�ari not be unreasonably c���ld, or unles4 ;f ��. _ ;;�.'r.�.;'.-'
<br /> e or i�. the
<br /> extenuating ci.�mstances eoQSt which are beyond Basrtr,*�s commL Borrower shall�t destroy,damag � ' " ,�
<br /> �� allow the�rty to det�iorate,or commit cvaste aa the Proper�y- Hormwer shall be in defa�ilt if any fm�'euure 2cca�ar
<br /> �:'.r..(•t:.;�,,��?�'M%n.`c;+.
<br /> �
<br /> I; ' proceeding,w�e�her civil ar criminal,is i�e8un that in I.endea's good faitd judgmeni cauld resu[t ia forfeiuue of the Arope�y ar t,<; ,,�„;• ,•�a�:<
<br /> `'•.. •.�.•..
<br /> . �herwrise�t�lly�►i��e li��by this S�y�ns��ut or Lend�'s s�ity iaieaest Boimwer tnay cure sash a ��i:.«; �;�:.}`; •
<br /> ;�. :..,
<br /> tn be d i s m i s s e d w 6 q d a nil�g t h a t, °'� '
<br /> �efa�ilt and reinstate,ag�sna�ed in para�aph 18,by causing the acaoa or pmceeding in �rir,•.
<br /> H.en der's good faith detesaj�ation,precludes forfeiitinre of the Bomuwer's mterest in the Property or other ma�ial impairment of ''� '.. . �
<br /> nre ., ,
<br /> the lien cma�d by this Sec�urty Instrument or Lender's seca�rity inteaest Borrower shall also be in default if Bamnwer.dariag the ; , �, . = >.
<br /> ' , . hca��process.gave materiallY false or inaccuiate informatioa or stateme.nts w I.cnder(or fa�ed to provide Lender with . `:�-j;`�
<br /> ;:. ��p. ..,�.�.-
<br /> '� _ - , any mai�ia] infnm�atiaa) in �nnection with the loan evideaccd by the Note. including, but not limited w.rePresentations , r_�.,�_,s:..
<br /> . t canceming Boaowca's oaaipancY of ihe Propeaty as a�vrir►ciPal residence.If this S�uciry Inctrum�t is un a leasehotd,Borrower �-:.+�'�,{
<br /> sha11 oomply with all the pmvi�ons of the iease.If B�.raower acquires fee title to the propezty,the leasehold�d the fee 68e shall .�. `<::;-K
<br /> -` not raerge un2e,ss Lenda agrees w the meager in wri�g- -,;�_'�`.
<br /> � � . �;��;.,��
<br /> 7.Protedton oi Lender's Rights in the Properhy. If Borrow�fails to perfotm the covenanu and ageement�contaimecl in . ,,. ,,.,.,
<br /> � >':�, this Sec.m'ity Insaumen�or theae i�a lesal Pmceeding that maY si�candy affett l.e�der's r�ghts in the P�vpeaty(su;3►as a :';`r.i,��. ,
<br /> ;yi�.�., � �S;'..,' ., 'z'r.,ti;{ .
<br /> . y�ding in bantauprcy,�robate,for oondtmnatioa a�forfeihuc or to enforce laws or regWatians),then lx��ra maY do and pay
<br /> � �'� for whatever is necessa►g aa pmte�t 11►e value of the�+a,;�ty and I.endea's rig!►ts in the propary.Lender's a�s"snns may include
<br /> �`�;::; . + , PaY�S�Y �seaued by a lien wtuch has prioriry over this Seauity Instrument, aPPearing in cous¢.�g reas�nnable � . -
<br /> _ ' auomeys'fees 2ad enteaing on the Ympeny w make repaas.AI�n�Leader may take action under this p�,"'a�a"aPh T.tuaacier . ' .,.
<br /> • does not have w do so. �' ��,-..
<br /> : Any amounts disbursed by Lender uad�this pa�.�i.�h 7 shall become additional debt of Bonowe,r sec�ad 67►this Ser,urity .
<br /> Insaum�t Uniess Bomnwer and Lender a�ee w o��t�ms of paymeat,these amounts shall bear int�r�e.fsom the date of
<br /> '. ' disb�useme,nt ai the Note iate and shall be payabte,wi:�:teaest.�►Pao aodce fmm Lender to Borrower requestinn8 PaYmen�. . '�.-
<br /> .• . � ' 8.Mor�gage Insarance. If Lendes raqnired mortgage ins�ua�ag a condition of makmg the toan secured by this 5ezurity - ��;..;,;_,
<br /> , ;:,,,�;;. �:
<br /> .; � • Instrument, Bormw� shall pay the�ums required to maintz.-� the mait�ge insurance �effect If.for any reas�a:� the . �`''�. `
<br /> tt�p�tgaSe insurance covca�r�e required by Lendes 1zFsrs or ceases w be in effect.Bolrow�shall paY the preminms requIIed to .
<br /> ` c
<br /> #. � , o�covelage substaac:aT..�y equivalent to the mor�e insurance previously in effect,at$cost substantizPly equivalent tn the .
<br /> :t, cc►st to Bornuwer of tLe�rtgage insuranoe previously in effec4 from an altemate mortgage insurca appzabed by I.ender. If
<br /> � subslantixti�a4-�vvatea�t rnortgage u�surance coveaage is not avaitable.Borrower shall pay to Lender eacb manth a sum e�ual w
<br /> 's • , . . .
<br /> on�twetf�e4 fl�e yearly mortgage insurance premium being paid by Borrower when the insuzance covecage lapsed or ec�3 w
<br /> �;�,� � be in effect E.eader ai� aceep� use and retain these paymen�s as a loss reserve in lieu of mortgage insucanee.Loss res�ve • ;
<br /> �y; Foim 3028 9190
<br /> �:. .
<br /> �•6B(NE!(D2121.Ot Pape 9 ot O . Inmatf:
<br /> , M y�_¢�� • .
<br /> . ' .
<br /> ,, i --...�. .� . . _ . .. � .. , . ..._--- .."-- — �- ___---_----•' • — ._ _ ----_. . --- :
<br /> _5 . . , ' .
<br /> .t • . , ' . . . ' .
<br /> . ,i � ,
<br /> 'I � . . . � - ' -' .
<br /> Z
<br /> .r 1 y . .1 , :c�. ` :��-� � . y ����i .'iP ".�'a�l �_ � �i�1!:_��'�''���:ti ��.. � �.
<br /> . -a-. ._ .,.�,_...--.-. ., ...._ . ..._...........,-� ^ .... - M. . . . _ _ h.�.. �[!� �h.'.. _ �. . . ._ � .__ ' _ _ . .. . � . _. . . . . . . "1.�;'-;'.;,,- „{ 7.,.
<br />
|