|
. . . `�(�A��
<br /> .i �� _.._.��.__._.__._..__�.t irt.:ti.t:3.^..��i""�.._.�_.o,�r�-_,.
<br /> '�LL..: - -- '-
<br /> ..
<br /> �+<�:. , �� �,qg-. 11(165s
<br /> iaciudins}tooda or floodia�, for wbich L.ender requires inruruxx. Thb inaurwa�hdl be nwnod ia the�rnounti u�d
<br /> fos the period�th�Lead•r�r�qulrea.The icuur�x carrirr providin the iiuurarxc sh�li be choun by Borrower subject to
<br /> I.a�der'� �p�prov�l which �tull not bc r.ui[�eiuon�bly withheld. If �rrower fail�to m�iat�in cover�e dacdbad above,
<br /> I,mder m�y, Rt C.mckr'�optwn, obtdn cover�e to protoct l.rnder'�ri�hu In the Property in�ccordutice with P+u�Bn�p!►
<br /> 7.
<br /> All i�uut�ce policia�nd renewu� rb�ll be acceptable W L,ender �fd �hUl iaclude a etuM�td mort�age clwu.
<br /> L.rnder thiJl lu�ve We right w hold�he policla ux1 rcnew�le, If I.crcder esqulrea,Borrawer atuill promptly give to Lendrr
<br /> �II rooeipu of pdd prernium��ad renew�l nottoa.In the eveat of lou, Borrowtr thall�ive prumpt notice to the lruunnce
<br /> cvcier md Lender. t,a�de�nny m�ke proo!ot loa if not m�de prompdy by Borrower.
<br /> Ualat I.et�rler�ad Borrower okherwi�e�roe in writinR,insunu�a proceedr�hill be�pplied to rcatorulon or�i r
<br /> of tbe Pcopertyd�ed, lf the ratorulon or repdr is ea►noadcally feiuible�,ad I.ender's tecurity ie not laeerKd. If ths
<br /> cator�tioa a rq�ir fi not economically fc�ufble or Lender'��ecurity would be lessesx+d,the inauraaoe roaed�shall he
<br /> �pplied to the aune�ecured by thi�Secudty Instrument,whether or aot tha� due, with �uay excesa�Bozrower. If
<br /> Boncower�b�udons the Proparty. or doa not uuMer with#n 30 day�p iw�ke from ixnda tlut the c�rrier tus
<br /> offered w�atle i ct�im�thea I.axier m�y collect tbe iaaurma prooeedi. L.eader may we tbe proceedi ta r or rnwre
<br /> tbe Propa�ty or w pay rwm�ecured by thi�Secudry Imtrumeat, whether or not tb�at due.71►e 30-diy wlll beRin
<br /> �Y6w tbe notke L vea.
<br /> Ualaa atd Horrower othawire�ree in writin�.my lication of procoe�t to principtl Rh�ll aot extend or
<br /> patpone the due d�te of the monthly p�ynxnu nfert+ed to in para�r�a 1 �od 2 or ch�nge the un�unt of the parymeau.!f
<br /> w�der u�rq�h 21 the Praperty ii�cquued by Leader.Borrower a nght to u�y insur�nce policies and proceeda resulting
<br /> !mm e W the Propaty pdor w tbe acqubidon�hall paia w I.ender to Ihe exta►t of We sums eecured by thi�Security
<br /> In�tnutknt yprwr to the acquiaition.
<br /> 6. Ooe�p�ney, Pt�ea�r�atlan, Mainiaumce and Prutecf.iaa ot the Pro�ertY: Borrower'x Lowu Apptic�tioai
<br /> Le�e�boi�ir. Horrower�h�ll oxupy� at�blith, aud use the Property as Bortowa a principal reaideace within shcry day�
<br /> �Aa tbe eua�tion of t6i�Savdty Inutumeat�ad tball oontlnue to oaa►py tGe Pco�e�ty a�Borcowu'�princip�l ia3�feace
<br /> for x laut one yar�tter the date of occupuicY, uttla�Lender otherwlee�gna in wntiag, which ooauat�all not be
<br /> uareroo�bly withhdd�or unlea eauawun�circum�t�oa exist whlch u+e bryond Ho�mver's caasml.Bocrower�hall not
<br /> datmy, �e or impair the PropatY, allow the Pnopecty to detaiorate,or canmit wute oa tbe Pmperty. BormNa
<br /> thali be in de�ult U�ny forfeiture acuon or pc+oceedin�,whether civil or aimiiul. is beQun thu in Latder's guod fdth
<br /> j�toould raWt ia forfeitvre of th� Propaty or othecMise �nueri�lly imp�ir tbe liea cre�ted by thia Secudty
<br /> Y a l,ender'�recudty interat.8orrowa may au�e�uch a def�ult nd rei�tue�a providod In pat�raph 18,by
<br /> awlt� tbe �ction or proceedinQ to be dim�sed with� zullog that� ia La�da's Qood fwth determin�iloo. Procluda�
<br /> forhiwre of the Borro�a'i intaat in the P�npeity or other m�taia! imu�meat of the lthe lo�n�ppUGtion�tY
<br /> la�a LROder'��eauiry intaat.Borrower ihall�bo be in default ii gorroMa�durin� Proaa.
<br /> pv�e m�taidly 61�e or inaoc.vrate iafonnation a�atemmte w iI,cader (�failed W *mv'de L�ode���m mtle�ld
<br /> �:,.�:tic�.�..�coz:.�ioa a�iilt ils;:!�s��iQ�..-d b,l...Mate, .�lss�ine, f�ai��_, _n'�-'r"!"—
<br /> Borm�a'�eocup�ocy of the Propaty u a prineiprl raideooe.If tbi�Security Inun�mau b on a le�a�ehold.Horrowa�
<br /> �y with dl tt�proviiione of the la�e. lf Hocrower�cquim fa title w the Pnopaty, tbe lepehold aad We fa titk
<br /> not a�e uolea l.eotlet�eey w We maQer in wrlting. .
<br /> 7. Rnfedl0110!I.mdrr'i Alshtr i�1 We Y[�o�erty. lf Botiuwe► i:f� w�...^-foral tht Cove!}!ma �ad
<br /> aaau�iued in Wu Secudty Imt�umeet� oc there u�leg�l Proceediaj�tbat m�ya�flctndy �ffect I.eader'� u in the
<br /> Prt�p�ty(arh�a prooeedia�in b�okcuptcy,Probwto. for condemouion a for[dture or tA eaforee lnvs or rasulukoi).
<br /> tLat leader may d�aod pay for wh�teva it aeoearary to protect the value of the Prqia�ty ad•I.mder'i ris6n in tbe
<br /> ProQaty. L�ender's �ctioot may wclude pRykf� my a�m� ucured by , tier� which hn prk>rity ova mi, Sectui
<br /> Ia�ummt.�pparinj in awct��Ylad rawa�bk�ttoraeys' foa aad eaterinL on tbe Propaty ta m�ce np�in. Alt�ou�
<br /> Leadri mry tate MCtjOQ W1dEi Abltp�7�I.COdCr dOCi A0�IIiY�l0 tI0�0. '
<br /> Any�mwna aiibur.ed by I�der-uada tW�par�r�h 7 a�it beoome aadiciaW aebc of eamaer�ecurea by this
<br /> Secauity Iwtruooeat.Unla�8orrower�od i.mder qree to otha tama o�pyrn�at�xhqe imounu�Il bar interad�rom
<br /> the d�fe oi�t �t the Note rate �ad �tull be pay�ble, wlth intaeat, upon notioe front I,endcr ta Bo�roaroc
<br /> . �i.��Inwt�ea. If i�mder requirod uwtt�e inwc�noe�es o oonditioa of n�tiyg the loaa�ecured bY d�a . ;
<br /> . Sa�ciry Idtt+wmeat� Borrower rhall py We praniw�requfred to m�intain the mo�e inwr�nce�n effa;t. Yf.tor�y . � .
<br /> �eaon. the mottia�e inturonoo ooverqe toquired by Latder lapa or cx�a to be m el�ect� Borrow�a�hsU pay tbe
<br /> nequired ro ob4aiu c�ovecaQe aubaimtially equivaleat to t6e imort�ge 'insur�noe pc�eviously in eflxt. �a oat
<br /> �b�IIY equivaleat to tbe oort to Borrorva of the p�ort8aie iaaur�noe pceviaa y iu effax�Grom am al�ere�te nn�t�ye
<br /> iorurer�pproved by L,�ader.If�ub�untlallyequiv�leat d�o�t�qe imuraioe covat�e�: mt avail�bk,Borro�rer�11pay
<br /> ro I,ead�e�ch month a wm aryal w 000-twdRh of the yearly mortg�e innuonoe premivaa be�a6 paid bY Bomo�a rvhai
<br /> the ioru�aooe uovua�e l�qed or a�ed co be in effax. l�eactier will acaept.we�nd rd�in Weee�WYmeats n a laa�aave
<br /> in lia of mort�e iniurima. Loa re�er�e WY�u �Y m��� ��• �the optioa of l�eader� if�
<br /> inruaoce cova�e (in the amount and for the period thu L.eader rcquirea)Pro�tidcd by aa inaura approved by
<br /> �in beaoa�es�vail�ble�sod h.obtained. Borrower ah�ll pay tLe��ads acoord�e ait� an�oea�
<br /> d'Fect, a w provide a lo�e re�eive, ud:ll the requirement for mat
<br /> tycoea�a�t betw�eea Botrorvcr aod I.eader or�pplic�ble l�w. F,m,3p�lvaw.�o►eV ',.
<br /> �w�cea trsrs�s,M+c..sr.aouo.�+n a�x:n�oo�a��.:ui�ra�Ma��we t�em
<br />
|