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<br /> � Y . the' ve�nenis now exLsting or is��6n�p�Ptapeny ,'G: . `'., ` , :
<br /> � S.H�zar�or Property Iasmrano� Bormqver shaU keep uapm '
<br /> <<` „ i�ed a,gaiast toss by tm�da�acd4 incfndod arithu►t�e tam°exteuded oovr•rage" and any other ha�d�.inctuding Mods or .. '� ` '
<br /> •. flaoding.far wbisa Leader�es�'lbis insivaaoe s6aU be maiatained in the amouats and for the peiiad4 that Lender �� .s::, .
<br /> � �� tequires.The�ce c�raia gro�iding tUee�uanoe sbaU be chosca by Bormwer subject w Lender's appmva!whicD shall aat `°"
<br /> ' e�l.`, be am�snnably withhel� If Haaower fails m mainlai¢�oov�a8e dasc�ribed ehove.Leader may,at Leader's option. obi�in . ._. - . �
<br /> --_—�`- cavetage w proten l.�der's riglats in the Property in�w�tts p�h 7. _ _ �
<br /> . . � • AD insivanoe policies and reaecvats s6all be sooeptable tu Lcader and s6ari mclude a smndar�d mortBaBe clunse.I.ender shali . -.
<br /> ' � 6�ve the right m ho2d the policies and reuewals.If Lead��ecdaaes.Baaower shafi pmmptlY g►ve oo Leader all ce�eipts of paid ' . �
<br /> - �- , ' p�os and�aewal not�ces.�n th$evau of�SS.Bas�w�shall gve�uompt norioe to the insvrence cairier aad Leader.Lendes -_ L --- - "
<br /> . ' may ma�se proof of iuss if nntmade�omptiy by Bmrower. '
<br /> - UW�LQad�sud Bmuovrer o�agree ia writmg,�oe Pmoeads sba116e applied to�srnration or r�a�of the .
<br /> _ , pc�tY d�ged,if the ieso�tion ar cepahr Es eoonomically feasi�?e and I�ead�'s secvzity is noi lesseaed.If the cesta�aiion or . , ;,i.:
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<br /> - . repair is not eo�snamically feas�'ble ar I.e�d�r's secarity would be tessened.the insuwmce prooae�s shall be agplied tn the soms . "-�-:,�;�..
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<br /> � sec�6y this Sewuity Inst�m�t. whether or aot t1�due,witD anY��ss Pa�d to Bo�wer. If Bormwer abaadons the _ :, .:.
<br /> . Proge:ty,�does not ans�s+a withm 30 days a nntise fmm Latdcr that the'�oe ca�ier has offered 6a s�tle a claim.thea ' -,�_='•`�s�=�
<br />- �. _ Leader may wIIect the ms�ce pca�ds.Leader may nse the piaceeds ro�epabr ar ces0oie t�e Progeity or w pay sums sec�ed ,. —
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<br /> � by this geaaity Itttronunea4,w6�her ar notthen due.l�e 34day periad w�71 beg�n wi�the notice is givea. . . —
<br />- : .. Unles4 Leader au�Baaawes athe�w�agtee in writing,an5►8AP1�D of�nc�s to 0��sbail noi extead o�r pustpone �- . ----
<br /> .. - r.. - the dae dare a,�tL�e mantLly Daymeats��ed to m paca�apf�s 1 and 2 or cbange the amonat of the paymeats.If und�p�b .. � � �-
<br />'�. � .. _. 21 the Pcapeaty is�by Lendcr,Bmmwes's right o�any i�se poiiries and gtooeeds zesaiting fmm dunsge w the : --
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<br />= , � pl,aperty priur y�the a�an shaII pass w Lender to the�teat of ihe s�s�c�ar�by tt�s Secamrityr 1nst�umeut immediatcly -r :� ---
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<br /> , ..Y .. � . 6,Oo�p,P►q:servatfor�,Maintenanae and PmtecHan af ttie Patipert9: Barruwer's Laan APPA�abion;Leasehotda � �� �� :: ��_
<br /> ' Baaawer s1r��oa�py►.�blish,�d ase tt�Ptopeily as Hoaower's prinapal�oe within satY daYs aft4s the exewiion of .'�.z�:
<br /> _ .. . tL�Secmigr£�suameat and shaU oanimne Ia ocxupy @te Prop�sty►ag Bormwds�ai resideace for ai l�si one year afrea the �'-.. '.::��._`�`=
<br /> - �. d.�of oaugancy. unless Le�dar othclwi.�se a�ees im wri�ng,wlricb ooasent�not be u�aaably wia�etd.ar�mIess r,•"..;r : ;�`.-
<br />-- .. . �x,�r uaimg cti�amstaaces exist whicb ate beyond Ba�a's vonLcol.Baaowea s6a1�r,..4t desbcay.damage or i�the PmDe�tY+ ''i �'��
<br /> , _ . auaw the Lu de,�imraDe� Pmperty. Bmiaw�r�rsII be m defanit if any forfem�aceinn or ,.;'� �•� r_
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<br /> ;Y:i��-�� p�ng�civ�ar Qimmal.is b�a thai in Leuder's good faith jadgme�t aaal�resngi iu fa�feat�of the Pmpeaty ar .��.-. -- __
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<br /> ' • . _ oiheawiss m"�allyr�Paa the tia►are�by dds Seauiry Instrumeat ar Lenda's sacu�ity inte�st.Bmmwea may aue suc�a ;;�.,`;�-
<br />; to be dismi�ed with a m1m tba1.m , �—�-
<br />.- - ' default and�a�Pmvided m parr�ap4� 18�by c�sing the acaon cr�g � � - .---
<br /> � . . Le�der•s good fa�det�atiun,�des forfeiAae of the Borrowe,r's mtr�est ba�he Paaper�y ar athcr ma�erial�t of '�'` _ `��_
<br /> `:� ' the ti�ea ca�t+ed by thi9 S�►Inst�aRne�at ar I.endea's secQrIty��B��s*.�a11 aLso be m defaWt if Bosmwer,duri�8 the � :� .•<.:,_
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<br /> .. .-. -- --- � toan app�ian Pmoess.�ave�i�IIS►f�se ar iaaaauate iaf�¢::;•-�•az state�ents w Le�der(ar failed to pmvide I.euder wi� ��` � ' ,.. ——
<br /> � . . mry mase�al infom�tion) in conneaion with We Inan evideace�3 L� the Nat�lacfidiag,but not 4imite� tu,repsesen�s '::_�.� -__:__
<br /> conceming Barmwes's occuyancy of the Yrope�ty a4 a pi'scipai resideace.If tLis Secmity Instrameat is on a 1�ehold,�a�«� -.;��.�--�.-
<br /> . . �' s1iaU oomply wirh aIl the psovLsions of tke leas�If Bormwer soq�res fee tide w d�Pro�erly,the IrassholA and tUe fee tiita shall _ _
<br /> ,.. . nOLmt3ge ImIeS9 Leudea a�0es tD the mwger in wntm$. �
<br /> ,;,:.;:�� . 7.Protec�ian of�.endcr's Rights in the�4vperiy. If Bouowea faits tn pe�'arm the cav�sq aad�e�ts oantaine�m �, f,t �
<br /> ;�: :• �,�:�i'`.-.' this Soc�ity YnswmenL ar there is a Iegal pruoeedin8 tLat maY�nificant�Y affect I.en�ei's s�ts in the PraDatS►(sncb�s .''..•���tcY_
<br /> i' �,.�� � � prnoeedin8 ia banl�nPtci►•Dmbai�far wndemnarion or fosfeimae o:ro eafaroe Iauss or regulaaons).then Lea�des may do and pay _ , :;�.���:.
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<br /> �' � ' for wLatever is n�y�o psatect the value of the Ptuper�y sad L�tdea's rig�u�i�t�e Pmpeaty.Lemdds acvans may imrdnde � _ . , �
<br /> ����.. � .- D�S�►Y���5► a tie� whicb da4 prloritY over this Seauiry Iu�c�aPPearing m comt.PaYInB rrasonable j�� . .. ...:� ._--
<br /> 6- � : • atpomeys'fees and�teamg aa the Propeny ov make repails.AWivr�h l.eud�r m�y take acdan�def tLis parag�e,pb 7.Lcudes • .. — �
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<br /> d�notb3ue(IDdo so. ;�`:-- -
<br /> ��� •�. ;, �� Any amouats disb�used by Leader�der thfis para�rapb 9 sha�beoome sd�czal Qebi of Hoaawea s�d by this Serurity � �;�Y:w:�'-``._
<br /> Yasuam�t Unlsss Bnmower and I.anda a�ee tn�teanns of paymea��s�►oants st�aaU bear inte�est fmm the date of ;''t:%r;;;�:,.
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<br /> �: � �, . ' d i s b m s e meat at the Note iate and sha�l Da p a y a ble.ariai�is�teaest.apor►no8ce fraAe�!a to Bmmwer requestm8 DaYmenL . `.r,.',�,..
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<br /> :.>";:�-�: �• • 8.Mortg�geIns�anoe. �f Leadc�s��aaed��ins�ance as a oondition of maluag ttte Inaa sec�ued by t h i s S e c�r i t y ...z:�i,: �
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<br /> c.: �.;�,.t;:`�. . Instr�mtetu.Bauowe s1�aDpay B�e praa:sms reQn��d to ma9ntain the mottgage insozance in eifeq.If. for any teason,the ..,;�xy,» . .
<br />':' . . mortpge insvimtce oov�ge reqaired by I.ander 1�or ceases to he in effea.Boaawa shall pay the premiums requued to
<br /> -'�°` . obtaia oaverage subst�.�i►�eqaivalent w the mostga�ge insarancc pnwiaustY��e0.al a co5t substantially�nivalca�t W the
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<br />.,�f: - �. . ,. cost tn Bmmwa of��ra�age insiaanoe prevlously in effect.fram an aIre�e ma�tgage�nsarea�eppmved by Le,nder. If . . . . .
<br /> k.` snDstant�l}r eqalvat�t�a�aga ms�coverage is not avaitab!�Barmwea sbaU pay tn Le�drr e�monoh a sum eqaal m .
<br /> onatavelM of the y�ly mmtga,ge iaswanoe yse�nium bdn8 Paid bq Bamuwer ahe�the m�a�oe oovaage lapsad ar oea.�d tn .. . ..
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<br /> � ba in effoc.s Leader a�ill aoa�pt�n,e and retain these paym�ts a4 a toss reserve m lieu of mmtgage�nce.Luss r�,rve :, . .
<br /> 6orm 8028 9/90 . �. , :. . .
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