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<br /> '��'� . S. �tim� or prapr�t,y lasurance. Bon�owes sba31 kePO thz imgmvem�u aow eaisting or 6ereafter�ere�ii�"on t'� •`'"-
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<br /> .. .:�' `. rmperry insurea a�aiacc toas by Hre.eazaras inctuaea�in�e cerm'eateaded ooYerage•�d any o3her bazards, i�tuding .. ,
<br /> . flaods or ttaoding,for wbich I.��r requir�s insur�ce.This insUraaoe shall be maiatained'ut the amouats and fQr the periuds . �
<br /> ., ; ; . ti�at I.ender requires.Tbe iasurance caniec pmviding the insuraace shaU�5e chosen by Borruwer subjecc to Lender's approval ' ;;`..�' ' �
<br /> wtuc�shall noi t�unreasonably withheid. If Bormwer faits to anaintain ooverage descrIbed above,tender may. az Lender's
<br /> , . . .±:°� option,obtain corerage to pmtect Leader's i�g�ss in�he Psoperty ia P000rdaace with paragraph 7. rt � ` .
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<br /> - .,.;. .� All insivauae poticies and reaewais shstl be aooeptable to Lxnder aud st�aU inciade a staadard mortgage ciau5e. 1.eudPr
<br /> � sha11 I�ave the rigLt to ho2d the poliaes and renearals.If Lender requires.BQmnwer sTnall pmm�dy give to Lender all receipts of •
<br /> �` �.._.,�.:', pai�p�mima5 a�nd ienearat notices.In[he event of loss.Bormwer s6a11 give pmmpt noace to ttie insuren�e carrier aad Lender. __.,'.�', .` .
<br /> .':.,-..�-�-�# Lender may make groc►f of loss if not made gramp8y by Borrower. ��'':r�,�
<br /> --_ --�, - :.
<br /> � �i �< ` Untess 1Rnder and Bonawer othernise agree in writing,ins�uance pmceeds shaU be appiiod to restoration or repair of the
<br /> �' . Property damaged.if t�e nstotadoa or icpair is economically feas�ble and Leader's s�curity is rrot lessened.If the restoration or '°,{:``�`.,
<br /> . �q►air is n�t ecoaumically feas�le or Ixnder's security would be les�ened.the iaswrance proceeds shaU be applied to the sums ..
<br /> . . . . . � sec�ed by tbis Ssauity �ns�nment,whether or aot th�due. arith aay exsess gaid to Bomower. If Bomnwer a�aaQons the ;�<., - .
<br /> - . • Property.or daes not answer within 30 days a aotice fmm l.ender t�at the ias�ce cazrier has offered to s�ttte a cl�m.then .: ;�:!,'::
<br /> � Lender may oollect the iasurance groceeds: Lender may use the pmcxeds to tepais or�estore the Praperty or to pa� a�ms f
<br /> . se�vred by t�ts Secvrit�►rn�±±�* whaher or not t�due.The 30-day periad a�l begia when the notice ia�ven. ;f;.,:
<br /> � � Unl�ss imm�ea and�awer otlten�+ise agr�ee ia wcitiag, anY aPFkrdtiaa of gmceeds m principai sHatC�t�cr �,s ; :
<br /> f '. f= �t , pasqwne the dne due'of�e�mautLlY PaYmeats referred to la garagrag8s l aud�ar c4ange the amatmt a�tik�paymeu�. [f =:.. „�,;
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<br /> : uader 21 the Pro �.s a uired b LEnder,Bormwer'� ta insm�aace olicies aad m f�.ur�c ,�
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<br /> � � �� damage t�t1i��iperty grior to the acqnisition shaU gass w Lende�r ta:the estent af t8e sutn��a�ed by thfs�I�sr ° ,
<br /> � ':� �p��tothe�tiun. '.;:•;%, � ' : ::�,{..,� .: ' '�, :
<br /> ° � b. .Ft�qv$a�an;lYda�Te�at�i' n aP the �e�'s II� �se�doIds. :
<br /> �'�Y $� �',� �aa�s»7�.�, '' _
<br /> � B�irower�16�oa�y.�..�f.aIId ase f��:au�:i�brtower's pri�ncipa�€�t�wrthsu�L}'tZaYs..��'1�e�0n of r `"
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<br /> � � �r - .i'flais Seca�e�"�ment and'shall�i�sc��p,�.i�Aioperty as Barrowe�s+�ccpal�tera�foz'x;tf�s'a"�te yea'r.afcn.s ' ' � f ,..�;—.,
<br /> . � ,��- , tke daie ef�ancy,untess Ixnder o�:vF�i��in wrifsng,whinc�oa�ent.s�nox Er���soaalily dr�s[3PId,�t�'sr33�'� ' _
<br /> ° . ���- �t�ua�in�•�e�cist which`a�.�na�t"�ramwer's conu+ul. Bon+nwer sl�all nor•�tray: d�{c,�.r�;��;`:� <' �. °
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<br /> ��'�h�,. ��rty.allow the Fmpetty to deteriarate,'or�waste oa che P,roperry.$ormwer shaU�be in d�f�it��€suy forfeii�aa , --
<br /> �'��.�r `,.� i.k�cgt ar p?+aaeediag.whe[her civ�or c�minai.i4�tLat in Iender's gaad faith jndgment couId resWt��i�eitiue of tha '_���.;,
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<br /> � .�� f�,fl `prop�ty'c�;+�o��rtcwise mazerially impair the tien creafed by tbis Secarity Insuumeat or Lender's�qvariry iatemst.Bomawer c�y.
<br /> ` .�• '`�'�'��. ca�re such�+�'�ault aad reinstate,as piuvid'ed ia�aragtaph 18,b�cxusit►g the act�on or pmce�ii�be distni.i�s�ed with a��� , _
<br />--,,,.;. ;.�;,;�t. thaz, in I�ier's goad faith de[erminatifla, preciuQes forfeinue of the Boaawe�'s inter�st��34i�Qmperty og other�AF.. .`.°_
<br /> ��,� - . . � impaument of�he l�ea cce�t�d by this Secauity Ias�umeat or Leader's secur�;��rt�est, �s�r�r shall also 6e in defa�r� � ! --
<br /> .�y,' - 16omaNer;during the loa��ii�atioa pmoess,gave materially false or ina��o�an��;�tatements co l.ender(or ftu1�;! . :
<br /> ���" ;: � w pravide I.eudet witi��!�etial�tioa)in conaection w�ah the loan��i�i�3,4Ti�te,iacluding,but not 1":��„ `, `
<br /> �,` � . j:�;f, w►repr�!t�e�a�s�con,� , �`��tr33orcor,,ti�r'�ra�euPancy+,of the Propeea�:a�a priasigal r�sideae��t�SeairIty lnstnumenc s��rz�� : :
<br /> ^���l . �eas�hold,.'�s�§r•.sT�;compIy �'�i the pmvisinns o�the lease. If Bonowet acquitd�'fee tltte to the Propert� �iff� ;��� � l ; -
<br /> � teasehutd an�1(�fee��1 not merge unless Leader a�rees to the.merger i�n�►xiting. �;; , ��,.� -
<br /> ���"- - - 7.Protection of .',y.�?s Rtghts in the 1�ropeKy.If Bomuwer fa�s to ,.�the covenanis amd agree��s co�'`� � �` .:, -
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<br /> , - - t h i s S e c n r i ry I n s�u a e n t,u r s h e�i s a l e g a t�r a�e z d i a g t h az m a y s i g n i 8 c�t i y a f f e�I.�d e r's ri g�t s�n c�e F i+o p e n 3+t�;��;�.�.:��:`��. - :, �
<br /> � . pr�ing in ban2uuptcy.piobate,for oandeomation or forfeitore or W eaforce laws or regiilations).then LEnder may�aii�l%°,;;:, ''�,` �
<br />- :� . • - pay for wl�atever is nece�sary w pmtect the vaiuc of tDe Pcopeny and Leader's rights in the Prop�rty. LendeYs actiot�t�}ti�,::;:� �. . �;'�'.
<br /> a��: inctude P�3►inS any su�s secvr�l by a li�t wt►ich has priority over �his SecuiitY Insaument, aDPea�ing in court. Pa� �. • •" Y;�'""`
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<br /> _��,� � reasonable atwmeys'fees aud eatering oa dce Property to make repaiiss.Aithoug��eader may take acdon uader tlils Pa�� . , ,.J,. ;�:,�� ,
<br /> , . 7s T.�EIIQ2i dOCS°�t�V@ LO Q�S0. , . , �� —
<br /> . . Any amowtis disbnr5ed by Leadec'widc�r iLis ParagraPh 7 shall beooaue addiflanal debt of I�nmaaer sec�u�ed by:�'ti� �_ . ' -
<br /> . _ ��;:` SecurIty Insu�ment. lTnless Borrower i�d Lender agr�e to other tes�of paymeat.these auaonata sbaU beaz intes+est fnar,i�if�: -•
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<br /> . � : . :`•`��'' date of disbmsemr�t at tbe Note rate and shall be
<br /> payat►Je.arith intec+�st,upoa notice fmm l.ender to Bo:rower reqae� .
<br /> . ,i..` P��� • ..,- - -
<br /> � : �, 8.Mortgage Iasurance.If Leader requi�ed�rtgage insuraace as a coadiaon of making the loaa secuied�by this Secu:ity �'°J�:.::"
<br /> . �',`- Insnram�n�,Borrower sbali ay dse premiums required co main�tain�the mnrt �.-.
<br /> . . . . .;.r, . P ga8e insurance in effect. If.for aay neas��the ...
<br /> . mvrtga�e i�nce caverage required hy le�der lapses or.oease9�to be In effect,Bomnwer s�aU pay the premiums mµr�i�:Go ..�::`''�: .
<br />- � .�: �:. ; �.iebt�in ao�age subst�tially equivaient to ttie martg�ge ins�uanoe prevFousiy m effect,at a eost su6staatialtY.equivaleat'tcrt8e �
<br /> . . ' . �.' src�to Borrower of the mortgage in�,�+nc�greviarosty in effect, from an altemate mortgage iasurer appsatird by Lender. I! : ��.A�--
<br /> _ .. ."`� ��•�stantialiY equivaleat mortgage iaauraaoe coverage is nat available.Bomnwer s�all pay to Lender eacti momb a sum equal co • . :�::_.:, ; .
<br /> • one-twelfth oi the yeariy moagage insurance premiwn beiag paid by Bormwer Nben the insarauoe ooverage lapsed or oeasod to ..
<br /> ...- • -,,�:� '-`� be in effoct.I.ender will accept,use azW retain these payments as a toss �reserve in lieu of mortgage . '
<br /> _ ' _ '�},�t�. �nsurance. Loss reserve
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<br /> ,�. •>,:,���{i;rt � ,e�. • Farra 302�8 �9l80 "
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