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<br /> . � S.HaYarm ar Prop2etp Ins�nraace. Batmarer shall fce�sE�e ia�prove�tv now eaistiag ar oa the Pmperty .,r
<br /> � . • iasured egainsi Ioss hy fere.ha�+dg inc(itded withiu the team'eat�de�aove�age'and any mther hazatds.IacWding tloaLs or .
<br /> � � ftooding�for whi�h Le,��r cequires ins�uanoe.7tils insuranoe sha11 be maiutained m the amovnts and for the�iods thai Leud� 4, s ,
<br /> . '. zequ�es.'Ilie msuranoe�si��sovid'mg lktt insu�aut�she11 be chosw by Bo�ower sab�ect to Latder's apgmval which slmll nat _ •
<br /> - �-F;.:,-�; �e un�eamaably witP�dd. If Bouower faits to maIntain cavaage desadt�ed above, LEader may,al Icadei's aption.obtam
<br /> _�-_."- oaveiage m pto�Landcr's rig�in the Pra�atyr in aresardaaoe wUh p�a�apH 7. -
<br /> - ' ` '�'� All�stuaace palicies aud r�ewals sAaII be�oeptable ou Lertder aad shait indad$a standard moitg$ge daute.I.eader sl�all .
<br /> ' ' . dave the rigQt to hold the poliaes and teaewals. If Leader�q�res,Bumawer shaD pmmptiy give to Leader aIl receipts af paid .
<br /> , :� - - � p�ms snd ceuewal no�.In tIIs eveat of�.Ban�uwea s6a11 give pmmpt notece tn the iusu�anoe c�ric�r and Leuder.I,eader _
<br /> . . . .- may amke praof of Zoss If not made Pi'omptiY by Hoaower. ,-'-, �..
<br /> � , . Uulc�Leuder ana 8o�rawa othernise a,g�ee m wdtmg,iasmanoe pmceeds sLaD be applied to ie,smratinn a:m,pair of the �.
<br /> �P�Y�5�+�the�ar tepaa is eoomm�icaIIy fe�Ie mtd Lendds sac�iiy is aui tesseaed.If dte tesomatian or _
<br /> •, . , . �is not manomicaIIy feas�le or Lead�'s seoarity wonId 6e t�sened.the ins�ce�roceeds sLaII be agplied tu the sums . ..
<br /> ` , . s�6y tlus Secmityr Ins�me�t,wherh�or not thea due,with m�y�paid m Barmwer.Tf Ba�rawer ab�ednns the �� .
<br /> �°,,.. Fmpe�ty,or d.o�s not aaswer vvit�in 30 days a notice fmm i.ead�that the ins�nce carri�has offe,�ed w s�tie a ctam►.t3�en . .
<br /> • - IRader may wlIeR tLe�sm�r.e psoae�eds.I.eadea maq use ihe�to tepa�r ar res0o�e die Ptope�ty ar to pay satns sec�ucd
<br />. ' ; by tbis Sec�uity Ins�nuent,whether ar n+ai th�da�'ihe 30day petiod an'II bega�whea the aotice is giv�. ,
<br /> : .�.���: Untess Leatdrr and Bmmwea ot��ise a�in w�ng,anY aPPUc�nn of prooeeds to piiad�l sttaII nntext�ad az posty�e ._•�F`.
<br /> . the due date of the mantLly paym�ts�'aied oo m p�hs 1�d 2 or cl�ge the amomu af d�paymgats�If�der p�g�aph � : ,r
<br />_ . .. _ 2t t2ta Propea�y�is ac�uired 6y l.end�,Bormwda right tn any insmance pNiaes ansi pmcee�ls resuiting fcom damage o�tDe . .
<br /> =------,�:. �D�Y P�to the ecquisidan shal!pass oo l,�des Lo Q�e exteat of die sums secured by this S�r InsWment i�nmedlaielq
<br /> . - � ptiostodte2r�uisiuon. ° ':
<br /> , ".. 6•Qo�aac9.�vatdna,Maintenance and Pr�fet�n of t�e Piaperty; Barro�ver'a i.aan Applicatton;Le�sehoi� �- ,�.,.;�.
<br /> ` • � Bm�ower shaD aocapy.establisb,and ase tlte Fmp�ty aa Boaowea's prinapal nc�adanoe withm siaty days after the au�tion of
<br /> � �_- `-�- : °`�' this Sesmiry I�t aad s1�all�unanne to aaa�py the Prape�ty as Bmrmwer's p�dpal�id�fos at�st one year after the
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<br /> .':�':� tl�te of ox�ncp.�mles�LEader ofkeawise�grees ia writ�g.w6icb conseau shaII aot 6e ant�onably wifhh�d, or mdess �
<br /> . ' . . �ag cicammstances e�dst wh�Cb ate beltond Bomawds cun�ol.8oaawet s6a,11,na4lt,,d�esuo,�y.da'•m�aLg�e or�L the P�,,m,.�p,„e�,n�►.
<br /> .. .. � aIlow the Rogerty to Qe�iwa�or vm9mii waste on ihe Yr.�ty.BOIIOWQ A�W W�II tic�f�Y�►L$lIy l�� 6LYYJi OT .,If���.
<br /> � �soce�whc,ther civ�!or c�n�$.�s�that ia Lendea's g�rd faitb jadgwent caWd�u1t m farfeitu�of tDe Pt+apeaty or
<br /> �'` . . �����. - etherw'rse e�aseriaIIy im,4sfr the liea ac�ted by�Secmity�ent or Leac�ec's sec�aray inte�cst.Bacrawea may caue sacb a ,;ti'n.„'-
<br />-� c�tf�:i����rnvided in b a8,by cavsing ihe acxioa or �`°;=..,
<br /> , t pa�P �nS m 6e dismisscA with a talmg thaT.in .r: ;.
<br /> ' ' � ��r`�good feith d�oa.preclaQes farfe�re of th�Bomnwed's inta�est�a the Pt�aty ar o8�material impaameat of .,.'-'�..
<br /> � � • the Ts�a a-�ed by this Secu�yr Iasumnent or I�t1ea's seauityr iatErest.Bmmwea s4�all aLso be in defavlt if Bartawea,d�iag the �.�3�
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<br /> � . } : Io��a�Pmoess.gave matesialtS►false or uiaccmaie mfmmaLton ar stateanents W Lendec ar faited w _
<br /> ( Droaide Le,ndcr wIth ::�:��-
<br /> � . '`� any mateaial infosmadun) in coan�6on wit6 the loan evidenced by the Note►inctad'mg.bat aot 1�nite4 to.re�es�nmttons .,. y�<
<br /> . .. :.��,. cancedning Bmrowea's occupancy of the Frnpeaty av a prinapal msidenc�.If this 5eauity Inswmeut�s on a teasehold,Barrow� ��`
<br /> . . s4aU cumpty wi@�all dua pmvistons of tAe Iease.If Bm�+aw�ac�uuaes fee 6tte w We pirapca[y,the�,sehold�d the fee title shaII ' ;�:�°;.
<br /> � ,. � : not m�rge anless I�da a�ee,s�the m�gea in wiisi�g. � . ..,y_,�:-�
<br /> . . 7.Pr�tectton oi'Lender's Rigbts ia tIIe Pm�erdy. 1f Borrnwer fa�s to perform the coveaants and�exits aonmiried in .
<br />- � � tlils Soauiry Instrumcnt,ar thcae is a�r.�1 D�8��Y��uY affecc Lenda's rtgbts in the Pmpeny(snd�as a ~.
<br /> � . ` .. �8��F�9.D�bate.farcund�n�vr facfeiwte ot to enfonataws or reguiaflons),thw L�tdermay do aad pay �
<br /> for�,haiev�Ls neoes�to pratect t�e valae of�L�opaty ana Leadc�s ai��in the Prope�iy.Iander's�ans may inGlude `
<br /> . ..� ,.� �aying msy sums secuced by a lie�cvLich has priarity ovea d►,�5�aaity Iustrnmeat,aDPearin8ln ooiu2.�r,YmB�� =
<br /> �. : Iustrn . ��_
<br /> - , attnmeys'fees and e,nmaing on tLe Pmparty to make repa�s.�t��gb LEnder msy take acdon under this p��igrapS�,1Gender '
<br /> � ' dces nothave to do so �
<br />_ : . .. . An}►emomus dlsbm�sed by Lc,nder under�is patag�apb 7 s�aD become addiflonal deM of Borrower sercu�B by ttriss Secmity ' - -
<br /> � lnsunment Unlesa Bonoa�er and Leaides�gree m m�ea terms of pay�ne��thae anwanm s6a116ear Interest from 8:e.date of � . _-
<br /> - �; disbdrseme�t ai the Note iate and ahall be payable.�inter�st.e�mm�otice from I�ea to Borrowed requesdng paym.ea� ,
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<br />- � . •` �, '• ' 8.Mo e Insnrant� If L�nder m .
<br /> - :`:f � �8 �1� �8e ins�aa�,:as a condidon of maku�g the to�seciued by t��Cauit�r ,,,�
<br />_ ��`;�;:i;`' . . � Insu�unea�Boirowei sball pay the yre�uuns requfin�d to main�in tAe moitg�ge insvrance in effect. If,fvr any�ason. Ibe '. ,
<br /> _ � mortg�ge au�uance a3vvarage required by I�dea l�ses or ceases to be in effec�Borrow�shall pay t�e�a rP.quiced to �� -.
<br />.-"f.�.: � ��. • abtain caverage sab�lly eqnivaleat to the m�--��e insurance prevtonsty in effea.at a cost suUsmna�eqaiva3eat to the ;:-T ;
<br />-= ..r .. ; cast to Bmmwes of ine mort�ge msuranoe prev�c-�..sIy in effea,from an eltanate maitpge insiuea ap�:�d 6q E��u 1f ' •
<br /> - ;r;.;: �•- subst�'�=�Y eqaivaient mort�8e ins�.usace cover�ge is not asr�ilab2�,Bormw�sball pay to I.ended each ffia�a s�a e�al to ��. �� ' �
<br /> _ � • .;f,,.�. one�tareIi�h of Ne ye�rly inoltgage�ce premiam beJng�,tf 6y Bormwer whea the ias�tance cov�e i2�sed ar s�ed to '� � .: �
<br />- . . be ln effect Leader waII sccep�ose and retan► Ehese yaymenrs as a loss resen►e 1n 11eu of martgege ius�anoe.Loss rese�ve h`,".'. ,•
<br /> " a � Form 8028 9/80 . .
<br /> _ . ��BR(N�(9Zt�.m Pago9o19 mrtlau:.._ .
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