|
. . r
<br /> ,, �,,W . _ _ _ _
<br /> _ ___ _ _
<br /> — _. _ _ _
<br /> _ _ .
<br /> S. ll�s�M or Prnpert� ieioranoe. Borrower �lWt kaQ the improvemm:ti now exirtfn������QA��
<br /> Property iruurod apinu loa by flrc. huardi included within the�erm "exterded coven�e' Nnd �ny other hanrd�. includin�
<br /> floafi or Aoodfn�,for which l.ender requird fnwnr�ce.Thi�irosunnca�hal�be meintdned in the u�xwnte and f�r the period�
<br /> that i,ender requira, 'I'he inwnince carrier yrovidin� the inwnnce ah�ll be chuKn by Horrower�ub�ect ta l,ender'��pprovd
<br /> which �hdl rwt be cnre�uambly wf�hheld. If Barrawer failr to m�inb►in covera�e daicribed abave, l.ender m�y. �t l.emfer'e
<br /> option,obudn rnven�e to protect Lender'a d{hcs in the Property In�ocord�nce with paner�ph 7.
<br /> All inwnnoe polkiea md rarcwde s?rll be ooaptable to•Lender�ux1 c:�afl inciude ��t�rd mon�a�e clau�e. Lernfer
<br /> elull have thc right ro hoid�he poNciea Rnd raiewd�, If I.ender ra�uirp,Bnerower�hall promptly give to L.ender all reaipts of
<br /> p�id praniu�rw r►xi re�wwrl nntiaxo.tu the�yent of losr•,i3orr�wuo chall�ive prompt nc�tice to the insurance�arrier nnd Lenaer,
<br /> I,eiKkr mty meko prootof lau if not mrde prontptly by Borrowu.
<br /> U'nlas I.ender and Borrower otherwise�ra in writina,insun�noe proceedA�hall be appliod to rator�tion or rcpair of the
<br /> PropertY duru�dd,if the reswrstion or repiir i� aoonomically faaible and L.ender'�eecurity i�not leaeened.If the rucoration or
<br /> npair ia not ocon�omically ferufble or Lender'� :ecurity would be les�r�ed, the imurarKx praseda sh�ll be�pp!lod ta tbe wm�
<br /> iecun�d by this Security Inawtna�t. whetha ar not then due, with any uasa{�id to Borrower. If Bortower �ndoi� tbe
<br /> Propeay,ur duea not anawu within 30 dayi Q tatice from Lenda that the insunu�ce carriu has offered to xttk a r.lsim, tha►
<br /> L,mdu miy collact the i�uunu�a prnceeda,l.e�der rrQy we the prnceedi to npair or ratore the Propaty or w p�y w�n
<br /> aecured by thi�Savrity Inswrr�ent,whdhzror not then due.'fhe 30-day period will be�in when the iwtice is�iven.
<br /> Unleaa L,ender ud Borrower dtKrwix agroe in writinB. �nY �pplicuion of proceeds to principal �hall not ezwd or
<br /> patpone the due d�te of the manthly pey�rents referred to in p�xgraphg 1 ud 2 or change ihe anaunt of the p�yma�ta. If
<br /> under p�n�raph 21 the Property b acquired by Lender,Borrower'�right eo�ny insuiance policia and procted�e+ewltia�from
<br /> d�e to the Propaty prior w the aoquisjtion s1u11 paaa to Lender to the extent of the wms secured by thie Security Imtiumait
<br /> imu�edi�tely prior 10 the�oquisitioa.
<br /> f.Qe�scy,Pra�enMloa,M�I�teaiwce u�d Prntectlon d the Property;Borru�►er'�Lwn A�piiatioa:I,e�oldr.
<br /> BorroNCr elWl otxvpy,establiah,ud u�e the Propeccy as Borrowa's principnl rcaidence within siaty daye aRer the eacewtloo of
<br /> thia Sxority ImKrwna�t iu�d�hall oontiaue w ooapy t6e Piaperty aa Borrower':pdncipal raida�oe for at Ic�et one yar aRer
<br /> {he date of oowp�ncy.unla�Irender otheewiw�grees in writing,which con:ent shall not be nnrawn�bly witMield, or ualas
<br /> •eactaw�ti� circumitanoes exist wbid► u�e beyond Bomowu's control. Bormw�er t1Wl not datroy. da�tu�e or imp�ir the
<br /> Propaty,�!!ow the Property to deteriot�te,or oommit wiWe on the Prope�ty; Borrower shalt be in defsult if any forfeituro
<br /> action or praceeding. wt�ether civil or criminl. is begun thu in Lander's�ood fdth jud�Cnent-coald cewlt io for[dtuce of d�e
<br /> propaty or dMrwise roeteridly imQair t�e lien crated by this Securiry Inatn�maM or Lader's�earity intere�t.Borrow�a nsry
<br /> pue a�ch�default�nd neir�ute,u provided in pin�gnph 1 S,by ausing the action or proceeding w be di�Med Mi1b�ndia�
<br /> dut, in I.e,nd�,7's �ood faith detamin�tion,ptecludes forfeiwre of the Borrower's iotere�t in tbe Property ot otber n�ferLl
<br /> impaimieM"bf ttle Ii0t1 dfeMed by thiR.�CG►nty 1muulneat or ut1[idc cecuriry uuerosi. Fiorrower rwit �iti uc io i.�iiiiii'u`
<br /> Hormwer;.du�ing Ihe lan�pplic�tion prooea� �ve a�terially falao or iruavnte infornytioa�5'r�t�oeamb ee Leoder(ot fuilad
<br /> 0o provide L.eader�r[th ny m�t�aid intomWion)in�ooroction w�ith tbe Iwn evidcmoed by the IVota.iadadit�,but aot lii�'ritod
<br /> t0�--r'�"'r''�.0.^.L�it"^W C^!!^tf'-�!M Af1fPrlWEr�lt U!Ql�YICJ/4f(I1C PIO'pCRy�t�p[IIICtQ�I I'ESIfIl�IOC.Tf tbl�$Eplflty�NOIOIIi�/��l
<br /> Iea�eMW, Borrowa elwlt canply with all�he provisions of the leue.�lf Borrower �cquira fa tide to the Property. tbe ..
<br /> lerehoW uxl the tee dde etau na mer�e udas La�d�er a�reea co�be merga in writin�. ,
<br /> 7.Pt�ot�tioM d I,eeder's RI�lo tk Property.If Borrower ful�to paform thc oovenncw ind a�eemmit�ao�Maina!In
<br /> t6is Seauity In�t�uroar, a there i� a Ic�al pnooeedin�that may significymly affert L,a�dor'a`�'•righu in tbe Propaty(ach�wt a
<br /> pooeedi�ie b�nlnuptcY.Pmb+u� fa ooad�mo�tion or fc�rfeipue or to eafarce.laws or ro�ulilioot).then i.eadet aasy do aod
<br /> : :_py for Mhatevbr h aeoeanry to prote�t tfie value of the Prope�ty md l,endec'.t righn in the Propaty. l�ader'��ctiooa m�y
<br /> iu�dude p►7►iq anY ams �avred by � liea which f� priority oper:`zhie'3ec�iity Inetiument, appep'in� in aourt. PeyL�
<br /> neron�6le:!�dttpmeri� tees aod antain�on tbe Property to m�ke repain. Althou�[.eoder iny take�ctiaa oada thi��r�E�h
<br /> • 7.Leotla daa not hare to do�. ' �
<br /> � My �mouau di�buned by Leader uoder this paa��pd 7 siWl becane additional debt �f Honowror�ecured by,th4 .
<br /> �'���Security Lrdummt. U�lo�Bonowa wd (.eode��ra rn dher teruu of pr�ymeat. tM�e�rt�wnt� t1ud1 bar in�er�e�t trom t6o
<br /> .. dYe of tisbuisoment d the Note nwe and�h�ll be�pyable. wit6 lnter�t. upon notia from Lader to 8orm�va neque�� '.'.,•,:•
<br /> P�Y�•.. , �
<br /> �.Mo�1p�e Iswr�noe. If Lendci�equirad moctpga inur�ooe as a condition of m�king'if�e lo�n socured by this 3ocurfty
<br /> In�trnmaot, Bo�u�v��h�ill pay the pranimae roqulred to m�inWn tt�e dart�e ioaranoe in'etFect. If, for�ny �on, the
<br /> mort�a�e iewanoe oovtra�e nequirod by I,ada I�pse�or ae�ea ta be in ePted,..�ormwer shall WY�P����
<br /> � obt�io oovera�e ab�tmciwlly equivdau to�e mortga6e ina�ana previqusly:in.etrect,at a c�sst aubetaotially equiv�kot to the �
<br /> oo�t to Hc►rrorver of the mo�tgage insuru�a previously in effect, from an alcenute mcxt�a�e imuter apptuved by iader. If
<br /> wbeqntWty equirdent moA6age insuranoecoverwge is not nvaiLble,Bormwu�hall pay w Ix.i�der ach mo�h r wm eq�u�l w
<br /> onC-tw�dfth of the yarly mortg�e inwcana pranium beir�p�id by Bormwa when the irourana oovera�e lapsed a avtd 10
<br /> • be in effoct. L�ender will�ccept.uae and reuin tlkse payrt�ente aa �loes reaerve in lieu of motigage in4uranee. L,ou re�erve
<br /> ' ' Fo�m 3o2t N!o
<br /> ►p�3d6
<br /> � � �F .`�
<br />
|