|
,....�...._._.__ . �-
<br /> --_...._,._..,...r,��
<br /> ..... , . --
<br /> �3��'�C:L'K"J._.._� -- - -� --
<br /> . . ---------- ._..
<br /> �g-- sia�
<br /> . s� �4�ard a' �ro�tertr Ia�wanea Borrower th�ll koep the in�pro►vement� now exi�tin� orTiereaftcr erected on the
<br /> Property iniurod e�d�u lou by flre, huard� Included within the term 'e�tendod cover�ge' u�d Nny other haxard�, inclading
<br /> floods a floodin{, for which I.a�er roqulra iruur�ncx. Thlt iniuru►ce�haal be m�lnt�ine�d in the�mouna and for the perioda
<br /> that Lender requirq. The intunnoe canier providfn�the ituutance�hall be choun by Borrower iubJxt to Lender'i�pprov�l
<br /> whkh �11 uot be unreiuon�bly withheld, If Borrower fdb ta maintaln covera�e dactibed�bove, Lender rtu�y, et L.endePs
<br /> optan.obaln covera�e to protect L.ender'a d�ht�In the Properly in�ccordu�a with par�r�ph 7.
<br /> All ictwru�oe policia and rer�ewalt th�ll be�c�ceptable to LeMer uid�hall include a star�dud monga6e ciwic. L,ender
<br /> sri�ll have the riaht to hold the policic:�And nnewaie. If l.ender require�,8o:rower shall promptly�lve to I.ender all receipss of
<br /> pdd pren►ium�and ne�ewtl notioea. la the eva�t of lou, 8orrower th�ll �Iv�prompt notia[o the in�uruke curier uuf Lender.
<br /> i.ender uuy m�ke proof of fo�a it na made promptly by Borrower,
<br /> Unlas l.ender wd Borrower otherwiu qroe in wdtin�, iniunnce procoeda th�ll be�pplied t4 ceatoruion or tep�lr of the
<br /> Pc+operty dam�ed,if the ratorulon or rep�ir i�eoonomic,�lly fauible�u�d i.�der`�ucurity is not laiened. If the rcstorttlon or
<br /> reptlr i�not economically feasible or I.erber'��ecurity would be leaaned, tbe iruunuxe procada sh�ll be applied co che sums
<br /> �ecured by thi� Security Inurument, whaher or not then due, with any exass peld to Borrower. !f Borrower ibandons the
<br /> Property,or doa not�tuwa vrfthin 30 daya�notia fmm L�ender Wat tbe inwrance curler hu offerod w setQe�ctaim, then
<br /> I.adcr may oollxt the Lwraaa procoeda. Leader may use the proc�eods to repair or nawre the Property or to p�y auma
<br /> �ect►red by thit Secnriry In�tnimmt.whetder or aot then due.The 30-day period wlll tx�in whrn the aotke is given.
<br /> Uaksa Laxkr �nd Horrowor othecwlu a�res In wrlting, my sppl�atbn of proceed� to principd sfWl not eatend or
<br /> postpono the due date of tbe monthly ptymeau neferred to [n pu�rqAu 1 wd 2 or chaage tbe anauat of tt�e prymen�. if
<br /> under p�gr�ph 21 the Property is acquirod by l.ender, Bonower'a right to any insurance policies and procuds result+ng from
<br /> danuga to she Property pdor to the acquieition sha11 pass to i.Cnder to the exxent of the aumy secured by this Security Instrumrnc
<br /> immedi�lely prior to the acquisition.
<br /> �. �P��7'+��,14Wuuta�wnce aed Protection ot t6e proQatY;Borro�a'a Luwn AppUcAtion;I,ea�eholds.
<br /> Banavker�h�ll oavpy,at�bliah,and use the Property as Burqower'�princip�l residence watbia aixry days after the oxeciitlon pf
<br /> t6is 5eburity lautumeat ud�dl�Atinue to oocupy the Pro.peri�r a Borrower's pdncipul z�ldence foc'u leut one yeu aRer �
<br /> We d�[e'of oxup�acy,•wleaa Lrncter otl�erwi�e agmres:ln_Wrlfidg;wWch con�c►t shall n6t.Ue unce�uwnably withheld, or wileu
<br /> � . extanuuing ci�cum�ctancd,eais►,pi�iich'iae;be�an� Borrowei's cantenl.Bortower sh�il��not datroy. dainy�e or impiir the '
<br /> ';i; . Prope�tY, ailow che•Pro�t�t}r to dcteiloriq'r�� o�"r cqtrimit w�te on the Properry. Barrower shall be in defuult if aay forFeitue�c . ":
<br /> �. �ction orpmceedin�,�.Whetber cinit:o�';eriuti�at�jaj�eEunt!►�t�fnl,euder�g4iod fi�Wlydgmcdt�couldreaulf.•in.farFelturo:of_ch��i,;�'�.'
<br /> . PropeRy or ut6errb�C;:mpteiially imp�ic the lied rreated b}r.t�is'Securiry latriime�it or I.a�der't�ecuriry,intenst.�Bor'row�r ioiu�y
<br /> � am a�a defsutt�x�eina�te��s provided in'p?ra8�1i`d8;.�by causin�thc�ktion or prnceedinY to be dlsini�d with'`a rufinj
<br /> rh,a, in t.��,����[,�� a�. �a.�Q�lisd� fa'rf�lfui�oi t�.C���s.r': iat.,-rr,ct ia s�:, . .�r��r c�s,:. �:K.-}:l
<br /> impitmait of tbo liea cratad by thii Socurity ta:trumeat o�-La�der's bcvrity interc�t. Hortower rhall alio be in defiulc if
<br /> Horrow►et,d�nin��he lan�ppllatioa pc�eat,�tve m�tecidly faLn or imocunte inform�tion or st�tema�u to I.eader(or fWod
<br /> to povide I�eodet�ith�ny a�ateirial inform�tion)ia oo�u�vaioa with the laa evideaoed by t6e Note,iucludin��but not limited
<br /> to. reqae�Om 0000ernioi Bnrto�rer'�oocupaocy of tbe Property u a pr�ncipal raideaoe. If thi�Secudty lwuumeat b oa a
<br /> ka�ebold, Barawar sh�ll oomply rvith �Il tbe provbiom of t6e lasa If Borrowa �oquira fa tide to the Property. the
<br /> le+�+hold md the tee tide t6�ll not mer�e unla�L,ander ytee�to the mer�ec ln�vritin�.
<br /> 7.Ir+obeliM of iw�d�r�s Ri�W 1�tie ll+npe�ty.Il Borrower faj 11 b pafo�m tbe oovpu�ats�od a�roaneou oont�i�ed 1n
<br /> this leauiey In�un�eot,or thae i�s lept prooeedinj th�t nwy dpiitic�otly�Kax I.eader'�rijlw ln tbe Propecty(� �a
<br /> p�ooeea�ot m�cy,pr�e. tor ooadeaoo�tioa or forfeituro or to anf�aroe 1�a t+e=ul�tkw),�i.aoae��ao.oa
<br /> p.y ror+rha�eMer b neoe.ary w p�otux me value or che Propersy .oa Laader�s d�ha in the rrop«cy. La�da�.raiau auy
<br /> ieclude pryinj any � �ecurod by a lka which has pciodty ova �his Seauiry lwtrmaeot. �PP��t � �. P�Y�L
<br /> reroo�bb at�ome�n' ka�nd c�teiing on tbe P�opaty to m�ice t�ain. Altbou�h L,cnder a�y talce�ctian uMa t6is p�r�nph
<br /> 7. I.eader doa mt have to do so.
<br /> Any amoum di�buned by La�der under thi� parajr�ph 7 �h�ll be000k �dditiaW debt of Borroaer iecvied by tbis
<br /> Secu�ity h�tmmeot. Unka Bort�uwrer aed I.eadcr agree to other oam� of parmeat, tbae antounu th�ll bear inteiat fmm the
<br /> dre ot dbbunemau at tbe Note rate aod �h�lt be'payabk. �viW interat� upon nocia from L,eada to 8ortowa r�eque:tin�
<br /> PrY�•
<br /> i.Ma�t�e Ia�ree. ]f Len�er Kquirad mortp�e imuraooe�s a o�ndition of�wlcin�the loam secured by thls Sdcudty
<br /> lmtromeat, Bocr�rrr shau pay the p�emtu�m�,�equtred w n�int�iu me o�ry�e insur.oa in e/fe«. Ir,�roc ary ra�on, cbe
<br /> mu�t�a�e id�M�iwobe�cqvp�ije required bY I.�ada'�i�e+oc aa�a w be in et"lea. Bomo�ver�6a11 pay tbe'pnmium�requirod to
<br /> obtaia�oo�:�iye�bii�otiWY aqulvalau W tLe mon�e imuraooe previowly in effect.�t a oost tubtantWly equivakat to 1he
<br /> co'st w'�orruwbt of�e mort�e inwnooe pi�'iouslY in et�'oct,�trom n aliermte mort�ase inwter app�ovod by I.ender. If
<br /> abamti�th�e9niv�nt mwti�a�e in�uranoe oovera�e!S na�iv'aiteble,Sonuwa ah�U pay to L,eoder acle nwntd a wm equal w
<br /> uae-t�velAh of the yarly mort�e inwtaaoe ptemium beinj�paid by Borrorrec wixa the inwrma covera�e lap�ed or aued to
<br /> be in effrx. I.ander�vill acoepe,we aod rdain these paymeau s a 1ou raern in lieu of mon�e inaunwce. I.ou raern
<br /> Fo.��ozt u�o
<br /> ��s11111�1 n:+�.ox r,o.s ae� �:
<br /> . , , ...�, .
<br />
|