|
.. � � �
<br /> �+ �'
<br /> , .h�91�1�a.m...
<br /> ��i�±r��+��—��;��.�';'�r_'__ _._.._..--
<br />--�-` - ...�.:''"-'�."v.='�,_-- —
<br />_ ____-_�._.�_.=�;rsi3�t.;` 4 �llcai�m.�_[.�--_'______.
<br /> �. . • .. . . _ . "' ' "
<br /> � .� / t! �
<br /> �$"� '�� RE REOO�R��D� .. ����,�,
<br /> includinj Aaocls cx fl�odi��forOwh��i h t.encfer roquires inmrance. 71►i�inu►rance �nli be��rau�� ip tbe��►�od
<br /> fa 1hs�xind�tl�t L�aderroq uira.The inwnu�oe carrier provWinj tha inw�u�co�11 be abaen by Aormwer abject to
<br /> Lra�der'� approvd wblch ah�ll not be unnw�on�bly wilhheld. If Bom�wer fiiil� to m�iauin coven�e<kocribed �ow,
<br /> LraKlx m�y,st La�der'�optioa,abb►in rnven�e la pratxt L,aafer'�ri�ht�in the Property in�ccordanoe with p�n�nph
<br /> 7.
<br /> Ali inwrmoe policia anc! rwww�lr�fuill Ix�acceptable to Lencier and Rb�ll includa �q�ad�rd nart� cl�u�e.
<br /> I L,aaler�11 b�w tbe ri�ht b hold the policias�nd raawds. ]f I..a�der roquiroa, Horcc�wer a1u11 pramQtlY�ive b Laoder
<br /> all reoaipt�of paid pram�unr�nd re�owal notices.In the event of lau, Bonr„ver dwll �ive p�roaip�t notue to the iaewir�rrce
<br /> c�rrix�od I.a�der.L.eodsr may m�kaproo f�of lcu�if not rt�du promplly by Bon�owx.
<br /> Unlew I.aeder rnd gorcower dlbrwi�e��roe in writia�,insunoce proc,eeds dwll be applied w ratontion or�r
<br /> of ths Prupwty dama�ed, if the re�tonticx�or reEwr is econorMC�lly faisible and Leocier'�scxurit�u not lape�ed. I the
<br /> r�e�torntioo or rop�ir u not ecanomically fasible or L.aKler's �ecunty would be leuened,tbe�inwru�ca proceedr e6a11 be
<br /> a�plied to the wms securod by this SaZUrity Tnatruma�t, whether or not then due,with u�y excaw�id w Aorrower. If
<br /> Barrower ab�ndo�s tbe Property, or does not�n�wor within 30 days�naica from L�onder thu the�nacance curier �»
<br /> offered w�ettk a cl�im�then[.enJer ro�y collect�he inwnncx proceeJu. L.a�der nwy we Ihas��-,�w rop�ir or rostoro I
<br /> the Property or to pay wme eecu�+ed by thie SocUrity Instrumai�. wFiether or not th� Jue. TI�e:=O�day penod will beYin
<br /> w6en t6e nolioe it vm.
<br /> Unl���od&xn�wer othen+�ise a�ox in writing,a�y lica:ian uf'pra:anc4�to�uiociNal�a11 not eatmd or
<br /> pc�pooe ebe due dsoe of tbe montblY pymeab refened ta ia pn�np�s 1 wd 2 or ehanQe tde mant of tbe p�ymenta.If
<br /> uaderp�r� 21 tbe Pro�,ertY is�cquired by Lra�cler, Bomower's n�6t to�ny inaranca polieies md pooveds raWtio�
<br /> fmm sd m�e�t5e Pmperty Pnoc to t!x acqweitian shxll pass to i.a�dcr w tha exteat of the s� secured by t6i�Sxauiry
<br /> Iad�uma►t immedi�telypnor to the�oquicihan.
<br /> i. Oa�nc�� Piraer��tjon. M�iMenwace �nd PMtectiaa of the Pi+o�ty; BorRw�er'� La�a A
<br /> I.eael�old�. Borrowa ehall occupy, eetablish, and use the Froperty as Borrower a princip�l roadeoce vvithin d�[�
<br /> aRer 1M euecufioa of t6ia Security Instruma�t and ehall continue to oocuQy the proQxty u Barowar's pincipel taidenoe
<br /> tcx at lMtt oos ya�r aRer the date of oocupmcy�unless I�la dherv►n�e a�roc+s m wndne.which coaK+et dull not be
<br /> ua�a�oo�bly withheld,or unless exteau�tia c�rcumetancea exia which aro beyoad Borrower'a oantrol. &xtc�v�e��II not
<br /> dMtr�oY� or imp�ir t6e PropertY, the Property to cieterionte, ar wmmit w�td ae tbe Propirty. BonvwK
<br /> shdl be in It if aay forfeituro achon or proceedin�, whetl�er civil or crimin�l,is be�un tl�t in I�edai's jood failb
<br /> �ud�meet oould rorult ia forfeituro of the Propecty or otherwiaa m�teridly imp�ir the lia caaled by thi� Securit�
<br /> a I.aoder'�oecurity inter�e�t. Borrow�.i�rwy cura wd� �defiult aeK!reinrate��providd in panpaph it. b�'
<br /> caiwn� Ibe action or p�ooeedia� to be di�miswd with � rulin� that, in Lender'�eood fiaitl def�aa.
<br /> forfiitun af t6s Borrower'� moerest in the Propaty or o15er�teri�l i �p of the li�crabed by.thi��ry
<br /> InMnnnwt or I.eoider'i�ecuritY intae�t.Bonovaer.lull�laa be ia dofwlt if B!otr�c�x�durin� tY lan spplicatiaa o�oo�,.••
<br /> ( �.w naoeri.11y fal.e a nnoc.un�e inforun�ian or ata�emencs ro I.�ander(or failed w �ovide lisde�witb acy sMerW �
<br /> mtornwion)in 0000adiaa wiW Ibe loao evideeoed by the Note�iacludia��but not lirtLted to,rMprwnqitioor0000aa�� I .
<br /> sorro�w�.ooc�.�y at c�e p.o�cr�..�y�►aa�ae�. If this Security Ir�t�umeot i�oo� Aorrower�II`�`
<br /> ooa�y�vit6 dl tbe proviaiaos of the{eue. If Barower�equiros 6ee title w thp Frtiperty, tb Il�nhr �nd yb{ea titb
<br /> �11 not mer�e unlecs l.ei�der��r�ee�to the mer�er in.writin�.
<br /> 7. Pro�eetioe o�'l.teder's RiaMs in fhc��opMy. If Borrower fiulr to perfam t1�e uovm�uM� �nd
<br /> oonained ia t6iu Sec�aity Imtrwtrent, or tbere ir�1eya1 procaoJin� th�t rwy a�nificaeU7.�iflect LeodR'�ri�wn� t�be•
<br /> , �rop�rty(arch a�a prooeedist in b�kiuptcy,P��obate, for 000d�mo�tian or forfahne a ta:�►tonoe taw�a re�ul�tioo�), �
<br /> ' U+m L�der�e.y do aod py for wb.�ever ir na�ea�ry to prorocr d►e v.lue bf.�he Prvperty.led Laader'r_•ri�bts m tre
<br /> ,,Proparty. l.mder'� acdoot may include pyin� i�n�,eums recureti by � leein�whicb 6�s prioriry over 11w Securit�`
<br /> Iminis�e�.�pp�no�in couet.p�yin��euon�b 3ltioroeys' fea and.erterin�on t�e Praperty b mke ropairt.AltbY�h
<br /> L.aodar My Wrs actiaa uoder du�p�n�raph 7�I.ader dae not Mivo.to do w. ,
<br /> Awy:im�wnb diiburMd by I�ander iu�der this para�r�p�h 1'�'t�ll beoonb additiaual debt;e(Baio^►x�ee�urd br ehi�:::.'
<br /> Sa�rity Idtttm�iat. Ueleer Borrov►�ar�nQ I.eoder�e to otLar benue of P�7ruent.d�e�L.�1ier Hatvwtir
<br /> t6r d�b of di�bunsa�tat �t the Nate nte �od �b�ll be payaMe, with iaten,�t, upon aoti�.,�
<br /> p� t.
<br /> ���.�11�1pe L�wranee. If L�der mqoired,,mortga�a imur�ooa n a 000ditiou of stiq ti�laa�ec�ued by t�
<br /> � Sewrih�ldtrameot. Bo�rovMer dull pay tbe p�enruine roquired to m�inhin the a�ortsa�in�qloce in�!1'at. Il. fot aq
<br /> nawn. �s mortp�a io�ur�noe coveraQe roquirod by L.ender lapa at oe�+es to 6� s etFiR �+o�IMir�II py ItM
<br /> prrmiom� nquired to abt�n ooveus�e�u6paati�lly equivalent to tbe mort mwr�noe p�y�in�fbet. �t a�t
<br /> wbMaoO�Uy aquivaleat bo ehe cost ta Borrow�er of tb4.pwrtWi�o insunurce P�'�7�.�. �+�t�e�M mo�t�ap
<br /> irwt�x�ppoved by L,an�let. tf�ubat�ntidty valmt morty�ye ia�ur�nce.00vatyr is eot it So�o�wx�II� p�r
<br /> eo l.esdlr�moot6�wm equat to aoe-twel�d ll�e yarly iuoitp=e inwriaoe pra�nium � P��':$o►i'ow'�r wie� �
<br /> t�e idurrno�c�ver�e�p�ed or c�ued to be in e(fect.I.ender will�odeQt,we imd refain e� ysanY•jb a lor reNrw
<br /> ia liar of aw�tp�e �munmoe. Lae� raerve'p�Yments riyy no lon=er be requirbd.k t6e�op�a of I.ealx, ifmo�e
<br /> idunooe ooverye(w the amount�d for Ihe period tlut I�eoddr requira)Pro„idd by m �Cw�pp�i�rd by l.rd�r
<br /> �pm beoome�av�ilable �od is obt,�ined. HoRCrvve� slwll pRy the premium� requi�ed to n�nYis mortp�e ' in
<br /> eflect. or to provide a lo� re�erve, until the �equirema�t for mort�a�e imunnca a�iu scWe+d�ooawath imy
<br /> yroemmt belwrom Borrow�er wd I.a�der ar�pplicable law. f�,��-- �,-- 3 1 QI
<br /> �.�..��.
<br /> srr�ca�srsro�+�.wc..sr.ixouo.�o+a�o:n•�oo-»r•:x�►ro�Ma�.«r:�s�,
<br /> ��
<br />
|