. ---�--
<br /> •___._ --
<br /> . 1 _ _ '_ - " _ _...�............G2Ah_r{i{lv¢r.:-._,._.
<br /> '���_ _ ____'�I... ____ _- _ - ����-
<br /> �S.� �c;�J92
<br /> • S. H�srd or Y'ropaKY I�ur��ce. B°rn°wer �hatl kap tho improvementa nuw oxisting ar herc�Rer erocuxf on ihe
<br /> Pn�peny in�ured�gafnit lo�s by tite, hax�rds lr�clucl�d witt�t»tl►o term �xtenQeit coverrge �d�ny alher huarcl�� inc�t�dlnx
<br /> g;,;,3;� !!�lst�� fffr Wh1ch/r.ader requirc�intur�co.'fhis insur�,ico sliwll bc main��ined In the anx�unie and far chA peri�x�s
<br /> th�t Lq�der raquire�.The inauru�oe e�rt�or pravidin�the Insuru►ce�hall bta chosen by tic�rrower subjecs ro i.enuei e �r�wi%:�
<br /> which�ha11 na�a unrexson�ly whhheld. If Borrower f�il�to maintain coveraae desc�ibocf �bove� l.ender mty,�t i.endePt
<br /> opti�a,rrbt�in wver��e to pmtect l.ender's dghta fn the Prapeny ln�ccordanca with p�rqlr�ph 7.
<br /> All in�uru►��e poi�Cle� uxl ren�w�l� �h�ll bo accept+�ln to Lenier iu�d sh�ll (ncludo R u�ndud moa�sye cl�ue. Lenckr
<br /> ehall h�ve the dRht ta hold tha polictes�nd renewala.If Lender requlrcs.Borrower�h�il pmmptty give ta l.es�der�11►xretpt�at
<br /> p��prernium,s and tenew�l�wtices.Iq�ha ovent of tau.Bormwer ahdi �ive prorupt nodc.�:to the it�urance catrier end l,tmler.
<br /> 1�enAor may m�ko proaf of lou if not m�d�promptty by boctowe�.
<br /> Untas l�ender�nd Banower othenvtae�groo in wridng,insuru�e proc�ds sh�ll be APPlied ta restor�tion nt np�lr of the
<br /> propenyr d�magod,if the restor+�ti�n ar rcp�ir fa oconomtc�lly feasibfe�nd Lender'�securlty b nat 1�ssened.Ittha rataruion or
<br /> r�epair i� aot economicnlly fe�sible or Lender's sxuriry would bo lessened, ttwe tiuurance proceal�shwll bo appliGd to the tu�
<br /> socund by thi�Secudty lnatrummt, whatha or not tben due, with �ny excess p+�id to Barrower. If Homnwer�bandons tha
<br /> property.or does not an:wer within 3Q days�aocice from I.ender th�t Qie lasurance c�crler hxs ofkred to settle e clt�im. then
<br /> Lender mwy collect the insua�u�ce proce�ds• Lender m�y use the proceods to reptir or reston the PeopestY or to p�y autas
<br /> socurod by diie Socudty lnstevmant,whether or not tben duc.Tbe 30�day period will bogin when the a�tioo ts�gtKan.
<br /> U�less under u�d ponm�xa aD�e�� a�roe ia wrEting� s�y �ppl.ication of proce�ds to pri,�cF�a! n�D�Ji11 aoG oxte�ad or
<br /> poatpone tl�ee due d�te of the►aoathlY Pa�ts re�'ecnod co�ra Dauagrap�s t u�d Z oa c6ange tGe am�o+ui¢of tl�e p�ynxuu. If
<br /> �s uired by Lecxie+r.Boxr.owza's rbg6t ccr ra i.mmnaape licics u�d p�coc�eeas ca►rltiag from
<br /> undec p�uagraph 21 the Fmg�rt�r� acQ x P°
<br /> d�sn��¢=o tha Pr�s�ty Rci�ax Ra RAe scqu�sltiou sb�il pu+to l�dex to tSee eatau of tA�o svxas aocuced a�+tDis Saurity�metlt
<br /> ��tiateiX�rioc co che�uis�Aion.
<br /> f.OccupRq�.'��Pswerv�tlan►Msiatawsce and Fiatatla�a�tlie ptwpa'ty:�orror►ar's Lo�n ApplicaNaa+i���.
<br /> Bosrower stu�U v,��r�ny.establish�u�d use the Property ai Ba�mwer'�pxinc�g�l resid�ce wlthin efaty d�,}ra tRa ttw e�:utioo of
<br /> this Sdeuriry Ii�tti�p�ent u►d sba�ll oondnue ro occupy the PropectY�s Horrowor's preacip�l re�idena for�t latt ooe year�tter
<br /> d�e dtte of ocwpanc.y.unl�s A,�i►der ott�erwiss�gras ia writiag, whieh conse�t alu�ii xwt i�uiueasaaab{y :�ittshcid,a. •••
<br /> extenuujn� circumsanxs o�i�t Which rra t�eYond Hocrower's oonaol. 9orrower sb�ll not destroy, din�te a imp�i� the
<br /> . proppty.allow tl�e PropenY to dete�3orste.or commit�vaste on tln Pm�ertY. Borrowcr ahall bo'fn dehult if ay forfdture
<br /> . action or proaodin6. whether civA or crim�nai,is begun thtt in L.ender's good fiith judgment oauF��c�uis ia fodeituoe of the
<br /> pc+openY or aheiwiae muert�lly impair the liea creuted by,thl�Seeudty Iasuwnmt or La�der't socitkl.�y irit+en.+t:9orrow�er n�Y
<br /> cun a�ch a defwlt wd reinatuc;�s provtded in psr�gaPb,Il6,bY cnuint the sctia►or procaedin�w be disnrtlss�•�rith a�ulia�
<br /> �, {� tr.r�kr's�obd fiith detotnninuion. preclndGt�'orf�;3aue of tha Borrov�a's interat ia the Properey��rr c+�xr nuwterid
<br /> imp�lrtnd�t vt,�fi�s.llrn creatod b�this Sa�tt�ItY Insaunxnt or lxndee`s socuticy iauRSi. &mvwa�3i�Jw��3:.�snit it
<br /> Borrower.�u���tha lan�pplicnttan prq�ck.sx,�;�ve muer��lly f�lse or�ua,ccurate fafom�atioa or suRea�a w L�eader(a f�ikd
<br /> to ptovido�.:en�i�r with u►y meterit3lnf��a'ei�h)in com�ectioR wtth tfiic`Iaan evlder�ied by the Note.includiai. b� mt limioed
<br /> to.re� ,��b}'��onxrqing,$ac+'ower's'accupaocy of thQ PropettY�b'�F��P�n+��.If this 5ecndty lasnumeat it on a
<br /> k�e�ii�;'�1Hv�r.�� sh�il St�an�t with �li tt�e pmvtsioat of the lea+e. if Bo�rovves.�c�quirea fee tide to the Pnopecty, tbe
<br /> IeSn�h��d siz�aT Rhi�tte dtle thail�' triecga uNass Ltnder�g�oa to thr:m�ergtr in wtitit�y,;
<br /> m er
<br /> �y;�p�y+�u-cc�t7�eotIbdeir'��1�p:�h��rapaty.lf Borrower��939 to perform tht�ooven�a�4s�ad�c+eement+ooat�ic�ed in
<br /> this$e+cu�lty';�n.�aruroeat. oc thete ia a l�g�a;�raoeedin6 thu mxY st f�cu�ady atCect I�na1a's la^s,la the Propetty(wch�s;�
<br /> p�P� ���'•p �� thea I.a�det nuy do�ad
<br /> mb�te. for Condqtaoatioe or�qfaiture or to'eafonx kws or re�ul�:.;,,
<br /> P�Y�ot wb�teyar b neoe�suY.to protoct the v�lue of the P�OpertY�ad Lader'i riahts in the Pt�4tty.Lawler'i acalons maY
<br /> swna socurod bY � �ieq wluch has phor�ty over this Sicurity Iostn�a�eat, appauit� in ooun� WY�
<br /> id�ls��a''A+►Yi�'aAY w m�lce airs.Although L.a�der may talce uctioa uader diis p�r+Krapl� �
<br /> re��bla'at.i�v�t-Tr�'s' fea and eaterinB o�th�,,P�Y nP .,, �:., ,�:;,.. .
<br /> 7.Y.EAdCf(�Ik.9�'i1L2$tiYC IO d9�0. ' . ��
<br /> �py.�011►c�1'li d�ibUt�� � ��f UlfdEt th� p�t+jt�Q�l 7 ihill btCOQ1�K�ditlOAil dCbt 91�i�'3iDR'OWC[ �OC11I'Ed by�,,tl�i.�`,1. .
<br /> �i�.r�t. Ualass'��o���r+Sz'a to ather tetms of ptymtnt,;di+�e�rio►EqY�I beu ida�at fc+bro � ..
<br /> dale-c�4 diu�j�is��ment x the.`IJa�a rate u�d�hall be p�yabk. with incaat,up�oo ntpt�cu.�akd'.d�:c ta Bxru�t+er roqnls�i�aR,�
<br /> PaYma�t•.�.;,.;. ,
<br /> ' ' �f�.�
<br /> , s.lY�oft�e Iawrsrce• if Leod�er r�u;uired mortay�a in�uranoe a�a oondidon of m�try��e l�m ioavml by tbis 5atx�xi�y ::�
<br /> :lftiistiameac, Bozmwra atial�WY�P���luind to m�inain the mo�tg�e iasuraaoe in•at7��.���ced w'Y
<br /> "x_,�rc�a�e iamraqoe oova�8�re4��d b3+�����A�owes to be in ef[xt�Bosrower�11 WY P
<br /> "Q�,`bi�►oover�e substmtialiy equivalenc to the trwrtga�e'9nsur+nce previoualy in efi�a�t.at a cx�st subst�otistlty apiv�leat W d�e
<br /> oac ta Borro��er of tbe mort�e �mur�e previaisly in efCect. fr�c an�Iternaeyr,mat6a�t iuwrar+ippcoved�Y La�dC�•,'��,
<br /> substmtG�117 e"•ji�'.�alent mo��e�c�overage ia na availabid.�FcoNer shalf pay w Lei�der a�ch month�sucn equRa�c:,:�.
<br /> oae-twelith oi rBe yeuly mxtg�ge insuranva Premium bein8 Paid bS'�Yorrower�rl�etl�insut�e oover+�e isp�ad a oGpia�4.r�u.
<br /> — �ae in effoct.Ler�der wiil aca�t�u�e siad raain thae pnymsnt+�a� i tosi rwerve ia tcexe of mortB�B� insumce. i�ae �;:x�a
<br /> . . • r«�.ao:s .
<br /> -i11M1E1 n:��i.o� r.o.a a e �w;�., ?,
<br /> � . •
<br />
|