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98110582
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Last modified
3/13/2012 4:04:35 AM
Creation date
10/19/2005 8:01:30 PM
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98110582
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��..:,�,f�'�. _ - ---.ti_� - __ <br /> __ �. <br /> ..._, ..�--- __ _— -- - -- — — _�� <br /> - _ _ _ - <br /> _--- <br /> -- _ _ <br /> _ _ _ _ _— <br /> . . 9�" �r ifoSl92 <br /> •S.FI�sNrd or PropeKr iNwdret. Burrower eh�ll koep tho improvcments now cxistin�cx herafter erocted on tho Propaty <br /> , insured�gdnst los�by Cu�e,ha�urds included wlthin the term "extenclod covera�{e" Mnd �ny wher hwrdi�includin� Iloodi or <br /> tlooding,fa which Lendr.�requira imunu�ce.This insunu�ce�ull bo m�inulned In the arnounu�nd for tho pubd+ltut L.�eider <br /> requira,'I?ro inaun�nco carria providinL the insurmce ah�ll be chwen by Barowa wbjxt to Leixla':appmvd which�11 not <br /> be wueaean�bly withheld. If Bcxrawu fdl� a malnWn covenee de�rribed •bove, l.ender m�y� �! l..ender'� aptian� obufn <br /> wver�go to pro�oct Laider'a righu in the Pcopaty in accordance with p�nph 7. <br /> All insuronco policiea�nd renew�sluill be�ccepuble w L,ender and shdl include x sundud mort��a cleueo.l.enAer�h�ll <br /> h�ve the riQht W hokt�he policsa uul re�ewalr.If l.ender roquires,Bormwer stWl prompllY�fve lu l.ender nll recaipu oi pdd <br /> premiums and rr,new��nouce�. In the ovent of bs�,Borrc�wer shall glve�mpt nodco w the insuranco carrier�nd Lenda.L.e�1er <br /> may nuke proof of lo�i[not made promp►Y by Barowa. <br /> Unksw Lenda and Bortawa otlx�wi�o s�oe in writin�� ina���ance pracoeda�ludl be y�plbd a reawra�on or ra�ir ot d�e <br /> propatY d�od�if the restoratbn or cepRir ia oc�xwmieally feasible�nd Lender'a aecurity i�not ksaened.If Iha restoration oc <br /> rep�ir i�nat oconomiully (easibb w L.ender's�ecurity wouW bo ksner�ed,ihe insur�noe pr'ocoocfat thall bo�pplied�o Ihe rwns <br /> xcurod by ihu Socuriry Imtrumd►4 whethu or not that due� with �t►y excets ptid a Aarowet, if Borro�ver�b�ndoru Ihe <br /> Property. or doef�not�nawa wld�ln 30 d�ys R notke from Lenda�th�t the insurmca carrier htt offaod w�1tle a cWm.dia� <br /> i,ender roay oollect tha insura�oo proceedt.L.ender may usa d�e proceed�w repair a resw►cs the Pmperty or w p�Y cunu securod <br /> by this Security Inurument,whelha er not then due.'It�e 30-dqy pa'iod will begin when tt►o riallco ia Qiven. <br /> Unkst Ler►der�r►d Borrower od+erwiu agra in writinB�anY+q�Plication of proceoda to princip�l�hall nat extend cx postpone <br /> Ihe due data of the manthlY MYmrnw referred a in psregrapha 1 end 2 ar chu�ge�lie unount of the payrtunls.If unda p�rynph <br /> 21 the PropeRy u�cquirod by Lenda� Horrowa's right W any insunu�ce policies�r►d proceod�t rosulting trom d�rn�e W Ihe <br /> �Y P�a��9ui�ition duW Wss w La,da w che extenc of the sums socurod by this Socuricy Inat�uma�c inunedirely <br /> pr;or l011k wcquiaitlon. <br /> f.Ooerpucr�Pralrv�tia4 M11Mteollou�Od PrOteCtiou of tlie PropKtyi $orrowe�'! Lolla Appl{dltbYi l.eMeiolds. <br /> Barower shall occupy�est�fiah��nd use ihe Piropa'ty u Bortowu'a principd rwidnKx rvitbin sixty day�afla tha exocutioa of <br /> ttds Socurity Instrun►au and shall condnue to oocupy the ProPertY ac Borrowu's princi}ul residencre fa at kait aoe yar at�a the <br /> d�pe of axup�ncy� unks�L�r oltKrwi�e �raa in wridng� which �t ahall not be uniwaably althbeld�a uJesa <br /> exoanwti�e�circumsw�a exist�rhich u�e fxyond Baxnwa's control.Bocrowa shW not destroy.d�n+�i�a impar the Propaty, <br /> �Ilow the Propaty io detaiaal�,or canmit w�t1e on the Pcoperty. Barowa atuU ba in defiWt if�ny fo�fapKe�oioa or <br /> Pm000dinQ.whetfKr civil a crim6�a1�is begun that in L,endcr's goad f�ith jud�ma►t could reailt in farfeidue of the Property or <br /> odKrwise matuiWy impair th�lia► creut�ed by this Socurity Inswment or Lenda'a socurity inta�eat.Barowa may cure auch a <br /> default and roinst�e� As providcd in parngrs�ph t$�by causing the yctitxi or pmcxoding w be di�missod �vith a ntlin� tb�r,u� <br /> L.enda':�aod faith daerminuion�P►xludes fafeiwre of the Barowa's inte�at in the propaty a otba mMeri�!irt�pormant of <br /> tlse li�s c.�al,.^��;►h'ss c.w�r�r�.In�ern�md►t cx I.e,nder's eecurity intet+es4 Bartower atull�iso be in detault if Barowdr�durio{d�a <br /> lo�n�pplic�tion procrss,S�ve mMeri�IlY f�lx or in�ccwue infmnation or s�wnenn to landa(ar fiilod oo pcovide Lender wltl� <br /> any rtulai�l in[am�ation) in cainection with the loan evidawed by the Note, incluclin8, but not limiled b. ropaaitidon� <br /> co�np�gamwer's ocxupsncy of the Aropaty�s a princip�l residaKx.If Lfiis Socudty Ynanpnaic is oa a k,�rehold.Ba�iower . <br /> sh�l1 canP�Y w�ith�U the provisioas of the leaae.If kiarowa�cquirea foe aAe to ihe Propaty�tbe le�e,hold and tbe foa titie�ha11 � <br /> not ma�e unks�I�der a�s p�1re ma6a in wriring. <br /> 9.Pr�otectio�d I.e+�der's Rf�i,b in tlk Propert�. If Bormwer fiiila to perfam the wva�aa�nd�reemaur cont�iaed in <br /> tUis SecuritY Instruma►t� a tha�e is t le�al Proceedin6 duut rt►�Y tignif'�c�atlY �fact I�a�da't ri�6u� ie d�e Prope�ty(aich�t a <br /> p�ceodin�in b�nl�pl�y.pcotiMe,fa oa�demna►ion a f«feiaue or a enfax lnvs or re�ul�tbns)�tbaa I,eodor m�y Ao�P�Y <br /> fa�vlwava is aeo�t�ry w�x�obct d�e vdue of the Propaty md I�enda's righp in the P�apd�ty.l�der'��c�ions mry jocFide <br /> P�Y�i +�Y wma �ecurod by �lien which tua pri�city ova d►is Secarity Inmumau,aPP�i � c�• WY�L�� <br /> x�orrxys' toet�nd ent�ain�on thc Fropaty to m�ke repirs.Altt�ough I.a►der msy take acti�oa unde�r oi�p�r�ph 7. Imcie� <br /> . do�a not lytve w do so. <br /> My xnounts diisbursod by le�xfet under�th�s p�ngraph 71ha11 become�ddidaul debt of Aarowa ioctuod by d�it SaaritY <br /> ' � Inmuma�t Unk�e Barrowa and I.aKSa agrae to odKx tenna oF p�yrt�a►t, thaa Mnow�b�11 be�r inmrest f�um die dMe ot : <br /> disbut��a►t at d�e Nw�e rMe arid al�U be p�yabk�with intaest,upon notice(rom i.endet to Bortowa iequo�ina P�Y�� <br /> d.Mort�a�e I�rancc. It Lenda ro4uirod monBagc inatu�na a a canditbn of rta�cin�the io�n�ecured by dus SacnrisY <br /> Insuurt�d►t, Boaorva sha� Ph'�the Praniums re4airod to,m�►nin the mactgige insuranoe in effect. If. far�ny ransan,tbe <br /> moctg�ge inaur�nce covemge required by Lender�lapses or ceiuea w be in efYoct.BomoNa diall P�Y�P���luirod �o <br /> obtain coversge sub�nntially oquiv�knt to the�martg�ge inaur�noe previaialY in effect.at a ooat atbrqnw�lY e9uiv�lept p the <br /> casL to Sorrowa of the mo�tB�B��t+�P�'�vioualy in effect, ftam �t �l0ecn�te nlortg�e ineura�pp�'oved bY i,e�der. If <br /> suMpntWly oquiviiait mortgase i�►sunu�ce cover�ge is not�vailabk.Barowa slull p�y uo L�cier ach month a wm eqa�l to <br /> one-nvelfth of the yarly martg�ge insur�e pranium being p�id by Borrowu wha�the In.a�ance covasge Lp�ed or oe�ed to <br /> be in effx� I.,u►da wiU�ccep,ux and retain �+e paymans as a lo�s re�ave in liw of mo+tgago insu��oe. Laes raarve <br /> Forw i0�1 N!0 � <br /> �•rR(NE)l�tizl.o� P.a.s o�• iwp��u: ._.... . <br /> __ _ <br /> _ <br />
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