|
. . ,:i',' ,;;.�f'. • ._ �:F�...� 'p�I
<br /> Y
<br /> ,
<br /> �fWALh�wd��p y � .. . . . .. -— -- -
<br /> u�..a.• .i��..��_...----. - ` ------- ---° --' �- --
<br /> „ �^ .
<br /> � ♦� ^�•, �
<br /> . �.. : r � 98�, �1055�
<br /> inclwllaQ flood�or floaiin�, fot which I.ander requima iruannce.Thi�inrurance�hali be m�intainai in the amounts and
<br /> for tha perioJa th�l L�uierrequiwa,7'he insunreco c�mor providin the insu�ance shall be chosen by Borrower sub,jxt to
<br /> I.aide�'s approval which �ball not be wue�w�ably wi�hheld, If�er fiuf� to m�inhln coven�e de�cribed �bc>va.
<br /> I.ende�rrwy, rt Lencler's option,obl�in�ovenQe to protxt Londer'�riQhta in�f�e Property in �occ�rd�noe with parri�rnph.
<br /> • 7.
<br /> All in�urmce policia and renavwls dull be �xept�Y,le to L.oncler�nd rh�ll include� �t�nd�rd mo�t���e clRwe.
<br /> LaKb��1t b�ve the n�ht w hold �ha policia�and renew�ls. If La�der requires, Borrower rhall promQtly tive to LendAr
<br /> •II rxapb of pud pronuunu �nd reaiewd aaticea.In�he event of low,Bo�rowe�sh�ll Yive prompt not�ce to the in�ur�nce
<br /> carrier u�d l.axler.[.e�ckr may mwlce proof of 1aa if not made pmm�tly by Bormwer.
<br /> Unlees Laader�n�Burrower olhenvise a�rec in writin�,mruc�nce proceeds Qh�U be�pplia!to rwtonotioa orropu r
<br /> of Iho Property d�m��ed� if the roatorntim or rep�ir i�ocononucnllY fe�wible and I.eoder'a recurity ic nat lesaened, lf tbe
<br /> rosloralion or rap�ir!a not xonomiGlly t�s.+iblo or Lendu'a�ecunty would bo lessened. the insuranca procoeds atull be
<br /> Rpplied to Ihe eum��ecurod by thi�SACUrity Instnimant�whetho�or not then due, with any exccaa�aid to Borrower. If
<br /> Borrower ab+ndotu the Propeny, or doa not�ncwer within 30 d��a�notice, from L.ender that the�nsurwn¢e canier Iw
<br /> ot'ferod to�ettle a cl�im. then Lende�t rt�y callxt the insunnco procaxla. Lender may we the proceeda to rc.�ir or nstoro
<br /> tl�e Propeny or to pay sum�eecurod by this Socurity Instn��rx,nt. whether or not thaa due.The 30-d�y pe�od will be�in
<br /> wben the nolice i�jtven.
<br /> Ualees L,encler w►d Horrowar nthenvise�Rroa in wrilin�,�ny Rpplic■�ion nf proceala�a p�incip�l�h�ll not extend or
<br /> portpooe the due d�te of the monlhly payments referted'tn in Mrr6rnphc ! and 2 or ct►�Qe�ha amount of the payments.If
<br /> under�r�Prrph 21 the Propert�is kquiroc! by Lender. Borrower'e rieht to�ny insurance policies md proceed�reaultin�
<br /> from dartuipe to Ihe Property pnor to tha�cquieition shall pas�to Lender to the extent of the sums aecured by thia Security
<br /> Inatrument Immediately pnor to the�cquiation.
<br /> f. O�cup�ncy� Pre�eerwtion, 1N�intenance �nd Aroteetinn of the Property; Borrower's Lo�n Appliatjon;
<br /> I.aseholdi. Bomc�wer�hall occupy,eshWish, aixl use tha Propedy as Bomower'�principd re+�idence withia tixtX day�
<br /> RRer tbe executioa of this Socuri►r lwtrumcnt and rh�ll continue w occu�y the Pro�rty Rs Borrower'�prinoipd res�daoce
<br /> for u leut a�e yeu�Rer ibe d�ts of oaupuicy�unlesr Lender dherw�se��nees ia wnt�n�, which consent ibRll not be
<br /> uonua�bly withbsld.oc unlaM exqnw�in circum�lsnca exi�t which ue beyond Borrower's control.Bom�ov►��hdl not
<br /> destroy, e or impair 1be PropeK�,�I�rnv tho Propedy to dataniorste, or conuttit waMe on tiie Propurty. Borrowet
<br /> ' ahall be in de wlt if an�r farfei�una�ct�on ar pmcealin:,whather civil or crimiruil, is besun th�t in I.ender'��ood fiith
<br /> �ud�eqt could rault, tn forfatun oF ibe Pmpecty,ar otl�awib. a�teridly im�ir tbe liea c�e�ted �r t6is Security
<br /> rumeat or�.ender'�iec�urity intercst.�rrow�or mii curo auoh�de6ult u�d roinetate, tu provided ia p�p=npA 1!.by
<br /> c�piaQ the actiou ar proceedia� W be dismiaed �th � rvlia�,that, in I.eader'� �ood 6it1� ilecermin�tiaa, procluder
<br /> focfeituro af tbs.Hara�wer'� iatero�t in die pr+apetty.or athet�[e��l imp�irn�eat of tba lien Grat�ed.bY tbit 3�cµrity
<br /> iwtn�aient or I.akier'�iecurity ibtere�t.Borr�cwe�dwdl d�o be i�a def�ult iEBar'ro�vdr�durin�thp lo�a y�pl�'p�t�•o-a pa,�
<br /> gaw nrteridly fil�s o� iMOCw�te ieform�tioa or statertw�ts b.I.a�der (or fiuled to Provds La�der with �ny �id
<br /> wforn�tion)ia connxtian vyith the bu�wicia�ced by the Nc�te. inclwlin�,but not liauted w. repraentatiau
<br /> Bomo,�v�a�'.ooeup.�,cy of�he Proporiy aa�principa nsiaenco.lf this Security I�utruroeat ia oa s lauehold,BMrower�
<br /> coaply wit6�11 the provi+�ions of tlie l�ae. lf Barrower�cquiree fee title w 1he Prqxrty, tl�e le�uehold�hd tbs tae titb
<br /> �Il oot mer=s unlaa Le�der��raa w the rnereer in wrihn�-
<br /> 7. hot�etbn of I,ender's Ri�hb in the Pro�iy. If Borrbwer fails to puform d�e covauob�nd
<br /> oontained in thu Sacurity InstNmed, a there i��.leRal proceedins that nry a�nificantly�ffect l.eodx'e ri 4 in dM
<br /> Property(ach as a proceedin�in bmkruptcy,probata, for coodemnation or furfaturo or to enforos Iw�or rKul�tioor).
<br /> tl�aa La�der rtMy do�u�d p�y for wb�tever µnoce�s�ry lo prolxt tM v�lue of the PropeRy and I.�nder'� ri�bb m tb�
<br /> Pmperty. LixlaPa actiau m�y iaclude p�yin� any sums �ecuroc! by a liea which !uw prioritr over tlu� S�cu�
<br /> Instn�a�t,�pp�n�in oourt�Payin� zwon�bia attome�n' faes�nd enterin�ou ths Property to m�ke repain.Althou�
<br /> l.mde�ro.y take�c'tioa under teup�n�,npl. 7,c..a�cler doa„«�wve th do ro.
<br /> My anwunb di�buna! by I,ader under thit p�nanph 7 rlull becotae�dditiu�a)debt of Botrower eecured by t�
<br /> 3ecunity In�trument. Unlaa�Horrowu and L.aider� roe to otlier temu of Myma�t� these amou�u slull bear iate�t.from
<br /> tl�e date of diibu�sement �t the Nde r�te and alu�l be p�yable�with inlerost, upan notiee from Lendet.W Borro�wer
<br /> � requoNin�Pqment.
<br /> 8. MoH=��Ioa�ranct. if Lenda requirod mo�ijK�a insunnce u+�canJitien of mkin��h�lo�n seourod by tlu�
<br /> Security Iatrument, BorTOwer�hall p�y tbs promium�requi�ad to m�int�iu the mortaa�s i�w�ace ia efFect. If� for�ar
<br /> rwon� t6a awRpje ioaunnoe covar�se requ�rod by i.ax{er laprea or cases to be �n ef�ect. Bormv►�e� dell p�r tbe
<br /> pra�inmR requirod to obtain covera�e substantWly equiwlent ta d�e mort�a�e inaurance Proviouslr in elfeet; at�eat
<br /> �abwaotWly�qawleot to t6e oort to Borm�wa of tie q�ortp=e inwrance proviously in ePfect� froaa�u altanate mtxl�
<br /> ,inmer apprr�ved by L.a�der. If al�pati�llr iv�la►t.mort�a�e iaanace covera�e is aat waiubla„Bwrodvar dW)p�
<br /> . to I.aad�r ach month�sum eqwl to oe�lweJ�of the yarly mort�je i�wnnce prooaium beint P�id bp Borrowar whm
<br /> the ioarance coven�e lapeed w ceabd to be in efkct.L,ascler will�eoept, wie tod retain t6ere pymenC��a las rerervs
<br /> in lieu of aprtp�e�nwrsnca. Loua nasavs p�yma�d m�y no lonaer be requiral, �t t!a option of L�nder, it nwR�
<br /> iaeuanoe eovera�e(ia the�mount �nd fa �be period th�t LaKler�equira)provided by iw insuror�pproved br
<br /> �pie becomes av�ilabb +�nd is obqined.Borrower du�ll p�y the pr»rtuuau required to m�iataia murt�e inaran� is
<br /> �tfect, or w provids� lon oe�xve,u�til tl�e requiremeM for mortg��e inwrnnce eadi iu�ca�ad�nos vnth �ar writtea
<br /> �jrament between Borro�rver and I�ader a wpplicable I�w. �����
<br /> �Alllfdl//YfTlMf.WC.,fY.CIOUp.W1{��p2(ti00•711-2i/111�O11M MO�t�IiE!/6M1
<br />
|