|
' . �'T���n�
<br /> � — - - .i., _?;,,:: �:f'L��a:n:�r.;,..-.,.._,
<br /> �� iFi�txaf��'YU'U = ---
<br /> } _ , •��� ''Id;:Y•3G�id�,7?t:�:�An.±?,�.�':.�,�_. - - -
<br /> 9$- lur�81 -
<br /> s, �� or property insur�nce, Barrawer sh�ll keep the improvement� naw exist(ng or herc�fter era�od on the
<br /> pro�erty Iniured+y��nst lou by fire, hu�uds fncludod within the term 'extended cover�o" u�d�ny uther huuds, including
<br /> 1loods or floo6tng, far which'Lsnder requins insur�nce. Thls insuru�ce�hall be mxintained in the Kmnuntc and for the periods
<br /> � �n�er nyu�res, 71�e �n�uranoe curier pmviding tho in�uruux chal�be choscr�by Borro�ver subject ro Len�ier's approvxl �_
<br /> Whi�h�ul� not bc unrea+orubly withheld.IF Aorrower fdh to maintain cover�e de�cdbed abova, l.endor may,�t Lender'�
<br /> option,obtdn cover�e to protect Lender'�dghu In the Properry in�rd+ic�a with par�gr�ph 7.
<br /> All In:ursnoe policia�nd rtnewda tiudl be�cr,�t+►ble to l.cnder usd shall include a st�ndud mongsge cl�use. I.ender
<br /> �hall h�ve the right to hold the policia�u�ci renew�l�. !f l.ender cequires,Borrower sh�ll pramptiy give to Lender all reaipts af
<br /> pxid premlum�uid rec�+al notias• 1n tt►�avent of lau,Borrower st►all�iva prompt noUce to the insuru�ce caniCr�nd Lendtr.
<br /> l.ender m�y make proof af las if aot made promptly by Bar.xower.
<br /> Uraless Lender ud Bormwer oeherwlu agcoo in wr.i.i;in.g,insurance proceeda shdl be�pliod to restoration or rep�ir af the
<br /> pmpenar danuged,if the ratoruion or rep�ir is�r�ma�cal.I.y f.r.asible and[.,endar's soairi�}�is not lessencd. lf the restoration or
<br /> r,ep,t�,i,c is�nnt ep�nicAll,y feasible or Ixnckr."rs gecur.i.t�vuex�.fd 17e T.essetxd. the insur.arnce�xr�s'�al.l.be Appliod ta tha sums
<br /> y��: pX t�i� Secnslty Instrument, whetD�ar. e�or,t�c�►x. with aurp�aoess i�aid:co f�'or.xaw�r.. If: i3orr°wer�buxlons the
<br /> ��,,.�.�,�z��,t answer within 30 d�Ys a��F���'����'i�G���'Q��`"�'to settle�claim.then
<br /> t,cxider �nag ccrtt!�! the inwrance proceeds. l.,ender m�y vse the pcoa«fs to repair or reatorc the Praperty �r�o �y sums
<br /> �uttd by this Secvairy Insttument.whether or not then due.'fUe 3Q-d�Y P+ar.iod will begin when the notice is g{ven. .
<br /> U�qu �.,e�d�r aod gorrower othetwixe agtte In writina, any �pl'ncxioa of pmaeds to princip�J �h�ll not extend Qr.
<br /> p�scpone the dae clate of the u►onthly ps�ymenta rofernci ta in pnrigrTpha � and 2 oi�ch�.�ge the unu�mt of che p�yments. �f .
<br /> ut��pu�gt�ph 21 the Propee��ttY is�cqt►ired by Let►der.Bonrower's right ta uiy instuaace policies and procads,mul.tinR frorn
<br /> d�e to the PropercY Prior to cLe acquisition sh�ll pass ta Tip�der to tLe oxtrnt of tt�e sw.na secural by this Secenxity Mstzumne►t
<br /> imn�ediately priar to the scquiaitioo•
<br /> f. Oocupa�cY,Prssen'�oa,M�istau��aee wd Protecslon ot tbe Propat7i Eorrow�ar's La�n�A�pplkatba;I.wehdds•
<br /> Borrowa ah�il oceupy,est�lish,and use�trrt�',acQe;tY as Bo�ower's princip�l residena within six��i7ays aftu du exocution af
<br /> �s g�riry(nat�ument and slall condnue t�:wcupy the IPcopeKY u Borrower's priACip�l resideaye rur at leut one yeu aftcr
<br /> tbe due of oocupaucY,unkss �l�r othenviae�gt+oes ia weiting. which c�nnsent shall nat be unreasc+nably wlthheld.or unleas
<br /> - s� •�� e ci�+cumstances exnst: �xhich ue beyood Borrow�er's r.ontrol, Bomower sk�all not desYroy. d�Ba a impair the ,
<br /> propeety, sllow tb�e PropSnY ta�deteriorua. or commit waste on tbe ito�erry. borr�vr�s auwi�'hr.��,f:ul:i.':c; forfeite� ,.,
<br /> #Ction o[pl000ed:u"'y,'��d1�er civil or cdrtunsl.is begun thu in Lender's aood faich jud$mei►t ci�n��a1 rault in fodeiture of thc:� ,r:.
<br /> � property or ott�rwa:�e�r�w�ter9a!1311�mP�r the lien cteated bg r,his Socurity Instrument or LR�'i�'s 1'�c:ua.i�ry interat.Bornower may • ,�,
<br /> � ettresueh a def�ult at►d nSns!.�t:,e,a►�provided in pira8nq►h'11�,�hy c�using tho acdon a�r•�T,oaEacli��rc�!be�bi�misa�dwith a n►ling
<br /> y th�a,um L,etider's gaod faiUr-���tecrnlnation, Precludes i�,�fi�inu^e of tlx Borrower'a iirt�rest�in.�h��':r�}�arty�r,i�����ri�
<br /> i�npdrmar[of the iicn cre�ted by shi+ Secu�eAN�t���or l..ender'�security interest. Borrower sbaD �lso be in defwlt if
<br /> ,� guirowa.durin�che�ww�►P�k�cion P�oo���,�����ty fda�or Inacxurate inforn�stion or stetcments to Lada'(or fulai
<br /> ta provide Leada�v►'ith aay m�t�ria1 iufonnatian)In o�ion with t}x lwn evide�by the Note,includiag. but not limitod
<br /> -- �o,�lpraenutiuns ooncerning Bocroatr'a occ�putcy of the Property at�priucipal rosideoa.If thia Socurity Instcument is oa r
<br /> Y lea�d�old, Boxrower shal���ly with tl�������t���ger ia writing �uirea fie title to[he PropeccY. the .
<br /> a les�dtold and ihe foe tttie � If Borcowa fals to orm t6e ouvaunts u�d�s G°°tainod� ,
<br />-,_? '7.Pc�utectt����'�s�i�i�16e Propaitr. P�
<br /> thia S�owriry Ii�t�i7•�ent.or there i��le�l proceedin8 tt�st ro�y sigrilfic�ntly affoct I,ender'a rights in the Propaty(:urh�s a,'• ,
<br /> „ p����u b��avpcoy.Prob�te.for oaKkmoxioa or fatfeiture or w r.nforce lawa or tr.�ulations), then Leader m�y do u�i:. , ,•'�,
<br /> • p�g•6�tlr ah�tever is necdaaiY to Pcotoct tLe vdue of the 1Pmperty aad L.ender's dghts in the properry. l,ender'�sctiona mey -
<br /> � incfude payinE mY ��ms xcvrod by a llen v�hlrL has.:{9'riorlty ova ehis Security iruaument� aPP��A6 �n'C•�'�art. payins
<br /> �+e+�urs�ble utoraeys'fees u�d enteRing on rtft�e�toperty to inaice iepain.Although l.ender maY tn+c�.��c:3on under this paragtapb :
<br /> ' �_ •�' �
<br /> 7�[,eader doea not hive to do w. . � .� .
<br /> My �mounta diaburaed b5' Leader under this puag�!► 7 sh�ll bocome �ddition�l debC oY�arrowrr xcurod by this.
<br /> : 5�urity tnotnvna�t.Udeu Dorrower and Lecder agree to ocher ternu of paymeat. thcse�mounts shall bur inttl+est from the
<br /> � dau of ditburaement at ihe Note rate �od sh�ll be pry+�ble, wiW iatmtst, upon c►otkc from La�der to Bocmwar roquesting
<br /> ��. paycr�eat. , .
<br /> ; a.Mortg#;�e Iowran�x.If Lender requirod mortgage insuru�oe,xs:��eo�viition of n►�lcing the n�ur',securod by tt►i:Securr.r.�1
<br /> ; Insuument� Borrower sb�ll pay the pctimiumc req,uired to tnainuln �n riartgage inaurance in offect. If. for my reason. ty�tr
<br /> • mortg�ge iosur�nce soveraBe roquirod by Leader tapses ar a+sea to be in eftect.Borrower sh�ll pay the prccniuras raluind tm
<br /> ' o�in oovengo substantidly equiv�lent to the roortg�ge insuruwx pnviaasly is►effect.at a oost substmtially equiv�lent to�de
<br /> ., cost to Bor�x�r:r of the mortaagc inaur+ac�� 'Pnviously in effect, frnm an altenlnte mortg�,ga ie�iiYet appmved by Ixnd�r. E� .
<br /> -� �+ sub:tantially a��l�}v�ent mortgage inaurane���:.rage is not avail�bte,Burrower sh�ll pay to Lenkkife�r cash moath a sum ec�uaf.r.��
<br /> ��.}} one•twtlfth of t�c yearly mortgaBe inauruac:at.�cttmium being paid by Borrower when the ins�rao�e��NSrage laptal.or aas�d��1��
<br /> �e:ir,��Ffect. Lender wil]�ccept,use u�d retain tlkse pagA+�a,Ue as �loss reserve in lli,ai of coort�oge insvrYt�e. �as r�erve.
<br /> ,. . , IVv,'�nr 302� a�'!U
<br /> ' � . �-� � ►�3 d'� MhtW:�....r._
<br /> ��Ik(pE1+rx,:�s�aa 7
<br /> — ' . +� 1'e .l=° !
<br /> �.
<br /> �--.=
<br />
|