|
� ' •�'*1"t -` _
<br /> � 9�-��s
<br /> S. N�rd oc PropMy Iawrance. 8orrower sh�ll kap the improvoments now existing or hercxRer etticted an the
<br /> Propeny inwred��in�t loes by fire. tuurdr includod wlthin the term "exknded rnvera�e" w�d �ny other h�zards, irtcludin�
<br /> n���n«���. for which Lender rexruita iruuru►ce. This Insurar�ce sh�ll be maintafr�ai in the unounti and for the periodn
<br /> that Lencler requires. The inwrance carrler provWln�tho insurRnce alwll be chosen by Borcower subject to Lender's�proval
<br /> which shall nd be unreaw�ubly withheld. 1f Borrower fdis to maint�in covers�e describod above, Lender may, at L,ender'a
<br /> option,oMaln covera6e to pnotoct Lender's ri�hts in Ibe Properiy in�ccotdance with par�gt�ph 7.
<br /> All insu�ncY policies u�d renewalc ahdl ba aocepable to Lendcr and shall include� standani mahgsgt cl�use. I.ender
<br /> shall h�ve the ri�ht to hold the policies�nd reoewd�. ff Laide�r requira,Borcowsr sh�il pro�nptly�ive to Lender�11 reoeipu oC
<br /> paid premiums ud rt�iewak naices.In the evont uF luss,Borrower sha0 givs pmmpt notice to the insurarx;e c�rriar uid Lender.
<br /> i.er�der ntiy make proof of Iwe if tat mde promptly by lforrowet.
<br /> Unlea l.ender�nd Borrower otherwise�grx in w�itiry�,insunnce pr�ceeda shsll be�pplied to restontian nr rcp�ir of the
<br /> Property d�my�ad, if the rcatontion ur rcQair ia eoonomically kasible ud Lender's security is not Icusenod.II'the restoc�tion or
<br /> repafr is not economiadly fessible or I.rnde�'a sa�urity would be lea�erbd,the inaurance proceoda 6ha11 be�pplied to the sum�
<br /> �rad by this Security Inatniment, whether or not then due, with my ex�e,ss p�id tp Borrower. If Borrawer sb�ndonc the
<br /> Property,or doa not antwer within 30 days�notia from I.ender that the it�surAnce carrier ►us offered to setde a cfaim,ttron
<br /> I.ender may ooilact the inturance proceede. L.ender mey use the procbeds to rep�ir or restoro the Prc�erty or ta My sums
<br /> savred by this Socurity instnime�t,whether or noi then due.The 30-d�y pe�iod will begin when the natia is given.
<br /> Unless L.ender and &rrrower otherwise agra in writing, any applicatior� of procads to Qrincipd shall not extend or
<br /> poatpone the due date of tbe monthly p�yments referrod to in p�u�grnphs I u+d 2 or ch�nge the�mount of the paymenls. If
<br /> under p�ragraph 21 the Propeny is ncquired by Lender,Horrower's right to Rny insuru�ct policies end proceeds rosuUin�frc>m
<br /> darn��w the Property prior w the aoquidtion shall pw to Laider to the extaN of the�wrtx siocvnod by thi:Savrity Irotn�rt►ent
<br /> iatmodiatdy prior to tho aoquidtion.
<br /> f.Oaup�er.Pe�c���n,Mateten�Y�ed Protecdon of tbe Propatyi Eaxrn�er's LoRa Applic�tion;[.ere�old�.
<br /> Bon�wa sh�4l oa.�upy,�L.ud u�e the Property as Borrowa's�ncipd rexida�oe M'id�ia siaty clays�fter the eacecutiaa d
<br /> tbis Security In�uumnt and s1W1 continae to nccuPY��'�K?'���'ower's priaCipid nesidenaG for at le�st oae ywr atter
<br /> the d�te of oocup�n�,y� udeas l.ender oU�erwia aQreea in writins,whic���.'�wnent�ll not be unrtla�caubly withacld,ar w�e.�s
<br /> cxte�a�atin� circumst�ne.�es exist which ve beyond Barm�w+e:'s mMeul.:`Bocmwcr ahall not destroy. dam�ge or imprir tt�e
<br /> hr�iipeRy. dbw the Prc�paty�o daerimx�t�,or oommit w�ste on�he Propa�ty..��r•nwa sh�il be in dehult if�y'farf'ature
<br /> �ic�llon or procoeding, whdhe,e•�c�ivil or erimintl.is begun tl�it in Lender'a good faiU►a}u}1g�r�uM awld reault ea�n�i�cdure ot ttie
<br /> ']�t►�paty or otherwi�e materia)1v�i�air dw lien crc,ated by thie Savrihy Insquma►f'ar l.ca�der'a security idsrr.s't:��In�rower rtny
<br /> . aue wch�deta�lt and reic�t�te.u prorided io p�r�graph 18,by causir�the�ctiort or proceeding�o be di:mi�eed aith a tuli�
<br /> dnM� in l�eader'a aood tairh dotermination, P�ecludes fonFdtur+e of the Borrower's�.`interat in the Propaty or otl� m�terial
<br /> , -ao�np�irtYrcnt of 1he lien croMpQ�by thlt.Security Inatruroa�t or Ladtr's seauity iq'terest.Borcower sha11 also be in defwlt it
<br /> Bdno�er,duria�the la�n application proctss�Save rtuterially falx ot inr.cairat'r.'an'frir,:s�ation or st�tementa to[.ender(or hiled
<br /> to provide I.ewda with any m�neriv infortn�tian)in oonnection with the k�q',evia�env�t�l��y the Nae,includinQ,but not limitod
<br /> oo.reprambtias oonoerninj Borrowa'� of the ,.� �
<br /> �P�Y �Y as n;pr�ncip�rl fi+es�dCnce. ]f't�is Securiry Irowment u on:i� .
<br /> k�dwW. Borro�►�er �FuU oompfy witli all the provisioos �f the leilvt..`�f Bocro�aier.,�icquins fa title to the Property, tbe
<br /> Ian�d�old and the fae dtk sl�ll not merde unku l.ender�rees ta the mergu in wrid�g. . ;.�
<br /> • 7. !'rMeetlo�d I,e�ir's Ri�Yte V tle Propat�.lA'��tiorrower fdls to perform tlre oovenuKa�nd agrocaadit��wntained ia
<br /> thii 5ecvrity IM�ummt, oe thtx+e is a ktal p�oc�eeding that m�y significaiMly affoct Lenda's righte in the ProjH,'+tiy(auch as�
<br /> p�ooeedi�in badnuptcy,p�ot�te. far oondear�tion or forfeitu�e or to enforoe laws or rogul�tions), then l.a�der rtu�y do and
<br /> pap for wA�teva is neownry.to protat the v�lue of the Propercy and L.�nder's rightt ln the Propaty. Lenda's wtind m�y
<br /> lndude payinE art�y wm� aecurod by � lirn whieh has priority over this 5ocurity Ir�suumast, eppearin� fn couR, pqfnj
<br /> esMOO«We utomeyt'tees�nd entering on the Prnaerty to make repairs. Although I.ender rtu�y W�c�ction unda this p�n�raph
<br /> 7.I�eoder does oot have w do�o. �
<br /> Any amouots diaiwnod by Lada wder thi: paragraph 7 s�t►�II beoome ddidond debt of Borrowex �ea�rod by this
<br /> Searity lmtcuumnt. Unlas Borrower�nd I.cnder aaree ta dher terms of p�yman, tF�eee anounta sli�ll bear irUe�e�t from du�� . .
<br /> ds�e of dLbunement at the Note rate md iholl be p�yable, with intet�rat, upon notice from Laider to Borrawer roqw�tiu�. •`
<br /> PiY�• ;;._� ,,
<br /> i.AMefpe Irun�oe.lf LRxder taquind moct��ge insuranoe ae a c�Mition of maring the loan aecvro�!'.by�this Security
<br /> L�swma�t, Barower �Nall p�y the praniums requiral to m�innin the mortga�e inwraooe in effect. If, far`�iny rea�on, tbe
<br /> mo�t�e inw�ooe ooven�e required by L.ender liqea nr aahea to be in ePFact,Aarrowa ahdi pay tl�e pratiunu eequired W
<br /> obtrip oovaase ub�tantidly equivdaM w t6e mort��e inwnu�oe previously in effixt, �t a coa sybWaotidly equivalarM W tbe
<br /> cc,at to Bonuw�a ot tbe mortjs�e in�unROe previously in effect, ftnm an dtenute mort6a�e i�nrer approved by I.ender. If
<br /> �s►;i�'bstanti�lly equivaknt moit�ge inwrmoe ooverr=e is not avulable.Bocrower ehall pay to Laidnr e�Ch aan�,,*sum equ�i to .
<br /> Srie�twdRh of the yarly mcxi��e insuruwe pranium being pud bar 8orrowa whcn'the insursnrx:'cov�e I�pAC;d or.cwed to
<br /> be in eFfect. I.aider will axept. uu wnd rt�in tlxae paymaus�s •b�s ;r.eea�ve im•tieu of morigiigo.�,inwrance: t.oas taerve
<br /> . , Fonn�02� f/so
<br /> ,` ►aM3d6 .. .
<br /> • ,;: �, '.�; .
<br /> _ _ __ _ _
<br />
|