|
- ' � } ������f�� ?�,�lrz`'t`-�T"•''�,��i/p '� y'��''.'�'.�`i^`� ,
<br /> � i�'' �`'y'Z �.�1 . �4� t .. ;" S F'
<br /> :J'�� _i 'N�rc��� ;( _ I. 't�: ��,.�- A ,
<br /> :�:.� - `� _`-.��
<br /> �--�' .� �iz? .%..
<br /> _-_= .' .�, �� { - •—; .�--�x — `...._ -
<br /> '-c�'�, . 'rn. ,- �- '` . , .r ��.t�-. ? z�.. �... y �s� : �, P -_� v. , [.,�, 4 �.
<br /> � .t +.j . -. . a . t Y t ' . . .
<br /> ,z i � � �.� � -1 .. ,,. � ti- ,.�� : . .t . � _ `C r . � . . '�-s . � � Q- F< �c-. .
<br /> v�.� _ t� . .��-3,a.( .1 1 . 'z, -� c . � : T < S' � �r� ._1 F- �..: c L..s,._f3..y�s::C �2
<br /> _ ?` '`_t- `r a. _-Zx *..-��- `�53` .4,�';�'"L � � c�,. 'C 'c� t- ='�*� .F. _ � Sk. �3...�0,.��"��"k t-
<br />. .'t ..�4 .{'�..t 5 : - .
<br /> € — EF t,c. `�.__
<br /> � �": a.:" +t
<br /> :k�: �w:�:_}�� , .. 9�� �o� .< _
<br /> �;t :�
<br /> `.�, Loan No: 008801�6 Data!D: S47
<br />_�.' "f:z��;��. -�;:;
<br /> � `'--•`°;;:.�}. .� All i�wrenoe poticies ased rwe�vaLt sf�aD be soceptable to Lender aud sl�atl indude a standard mort�sgee dausc. �;;.s..
<br /> -.; �.. . 'L�`�,t:. _.
<br /> '<;�. - :.-�'�'�,-:� Leader shal!have the right to 1wld the policies and senenra�. If Ixn�r ieqsu�cs�Borrower shall promPity Sn►c to Lender •��`-
<br /> ` °:;-';t:,, all reaeipts of paid premi�and renewal aorioes. In the����a reasoT nab2e fee sub�ect, to a� licablr�w� '�' .
<br /> .'���.;�t� �`�.' Bormwer replaces it wcth a different poliry,Leader may charge ( l PP �;:,,°
<br /> 'F;�. :�;�;�.. aaY)to c�ange its zeco�s to reA� the near policy. Ia the event of�OSS.Borrower shsll give prompt notioe to the •
<br /> :�-`-:�_.�-�:'.:°x iagueaace carrier and Lender. Lender may maks pmof of to�s if not made P�PUY bY Borrower. In thc evs�at I.ender ;-__:
<br /> '-�- r���- � acqyaes the Propeny�hrovgb fored�suie ot othetwise�Bo:r�wes atsigas to Lender its tights to a�r refwtd of uaeamed ,:,;
<br /> �� ` ,_�:..;± 4 premiums and any other rights af Soimwer wnder the insurance poliry. s�� .
<br /> t ,� To the extent Boirowes obtaias aay form of in�uranoe ooverage for the Froperiy aritt�ut being directed to do so
<br /> ---�z�-, by Lcader,such as flnod.earthquake ot hurricane oaverage.such polu.y shall inch:de a standard martgagee cdause sud � .
<br /> ,_°.;^'_.�r,�'� - ahaU name Lender as mortgagee. Aay iaswaace prooe�s from such potuy shall be ad�tionai s�atttty Wr the Note and ` ;
<br /> - Lender shall have the aawe ngUts w such potiry aad prooeeds as it has wc[h regard to 1�der-re9uired msuranoe Policdes F t,': ,
<br /> .: ' = h
<br />'.:s<�i:`..:=:,::�;��:: d6cn�ed in tbis patagrapfl S.. �-�`°
<br /> ,a : z. .. . .�".: . UNess I�der and Bomower othe�cvise agree in writir�g,iasuianae prooeeds st�ali be applied w reswration or tepair -._t:
<br /> :� � "`-° at Lende�a sole discretina,the r�toration arrega�r�s�onom�d[y feasible and T,�nder's �
<br /> ;ti. of the pr+npercy damaBed+� hal!have thc rig6t to hold such insurance
<br /> - -'�..__�..�.� aeCttlt9's not lcsseaed. During such repa'v and resto�ation period�L�ender s
<br /> �: � z;': . prooee�h uaul I.eadsr has had an opportnnity to inspect such Property to ea�ue the work has 6een wmp2etcd to �-:
<br /> -. �::<�'. �,ender's sa6sfaction Lender sbaII have the rigtst to deduct fees for such inspectians from the insura.noe proceeds uaIes4
<br /> :��r.'=�.:.-, .:.�,,< solubited b3+aPPlicabtc Iaw or regulatio�. Fees far public adjusters ot other tL"u+d parties retained by Bonawer shaII aot .,,'�,
<br /> ::t t:r` p
<br /> �:-- be deducted from the ptoceed� aad shall be thc sole and aeparate o6ligitioa of Bormwer. I� in Irend�e�s sote
<br /> �C.' �j _-t`.��� ' F .
<br /> � ' �� d�term�ation,the restoiation or repair is noi ea�nosrdcally feasible or I.endePs seauit�r would 6e ies�ened.the insurance ;�;;.
<br />"�� " _ �,I��',�.���,� � praceeds shaD be applIed ro the sums sec�ued by t6is Sea�riry Iastrument,whethsr or not then due,withaay e�oess I�aid .,�
<br /> �~ �''-: to Borrowcr. Borrower shaU remain r�pons�btc for a�sua�s remainiag due and payable onder the Notc aad tt�is Se�uity
<br /> �•``�, : ` ��`;`;:• Insuumenl. If Borrower abaadoas the ProPertS►. or doea not ans+vr,r within 30 days a notiae fram I.euder thai ttie :'�
<br /> `�,.`{.:+�:'�-?`��� insvranoe cerrier has offe�ed to settie a claim,Wen the praoeeds w�if 1�automatiwliy assigned to Lcader. I.ender Qtay
<br /> � . ;.,..'.
<br /> - - -`;ti'.:r usc the pmceeds to repafr or restore t�e Property oI to gay sums secured by ttus Secvrity Instnunent,wheiher or not
<br /> -, -::,��'-�:�.�-';�'r�� tlteat duG '[�se 30�ty perind wID begin when the aotiae is gi+re�. . "- -
<br /> u� sbaA not ertend '
<br /> �` ` ��``� Uni�ss I�ender aad Borrower othe�rovise agoee ia wriung,�5►�PPkcatIon of piaceads to princapal .
<br /> ° �" ``� ` ��:": ar �(�M,��wyone the due d�te of the,momhIyp ts re�d w ia garagraphs i and 2 or chaage ttce amaunt of the
<br /> �'.S�':' ...,..a.4( C� • .K-.
<br /> -.r:.�:,:..-�.:t,±,.�f JS payments of pmncipal and interest due uader t�he Note.� If und�r patagrePh Z2 the Property is acquaed by L�nder. ::
<br /> `' ' , ;.:�. Bonuwer's rtght w auyt ingutanoe poliaes and pmoeeds resulting from damage W the Pmperty priaf to the aoquisiti4n ...:
<br /> ; � , �;`, sfic�II Pasg w Lender to the eatent of the sums secured lry this S�uuIty Iaswument uumediateIy prlor to the aa�uisitton.
<br /> .-_� _,,-,�-r-.�;.�-. The provisioas conteiaed in this ParagraPb 5 are subiect t��oas nnd�r agpHcabt�1aw,if a�ry. -:`.
<br />� ,.,
<br /> �
<br /> r':�_ �' O�paneq, �Secvatloa,Matn4enanoe and Pmtealon o!the Prope�rty� Bor�+awa°s�Loan Appiit�oni
<br /> �
<br /> - ;;;;..�;_.-,• LcaseltoWa �tmwer sball aaupy.establisH,etW use the pnopeitp aa Bosraweu's pr�dpal resideace witbia sSrtY days
<br /> � r � afte�ti�e e�ecutian of th(s Sectulty Insuvment aad sHall ooaqnue to oa:upy the Propertgas Bomawer's p�tndpal residea�oe �-;
<br /> .:�.:,_:,..�; -<-..�:`�� pan�q thc�ae grees in writb� whicb conseat slmD�ttot be_ -
<br /> ��• ; fai 811CSSt PAC y�8f�!t�1G dStC Of OCAI .�dess Leader o a 8. � �:.
<br /> " �:`';�. unrcaso�bly w I t b h e l d.ur i m I e s s e a t e aua t t ng�c h c�m s b nces e�st which ere b e y ond Borrower's oontroL Batrower shaIl �:
<br /> ;. , j,;�, not destroy.dama8e or impa3t'We Propertj►,aIIoa►the�roPerty►w deteiiorat�e�,ar auQmit waste on thc Property. Bo�ower ��"'
<br /> ' shall be in defauIt if aa�►forfeiWre acdon or pmveeding,whether cIh7 or ccima�l.is begun that ia Lender's good faitb
<br /> �.__
<br /> �;:'�:��",`:'�;:�. ,u ; t wuld result m fos6eitute uf tbe Property or atheta►�se materiaIIY impair Wc 1ie�created by this Se�auity �s__
<br /> ;;,:
<br /> �•,.�, . �nt or.Lender's securlry interest. Bosmwet ma�r curc.such a defauit and remstatc►�,:Psovided ia paragraph 18, �.:
<br /> ��:: u�;s'::,�: ts�causuig tiis aclfion or pm�eeding td tie dismiased mth a nil'mg t2mt.in Lender's good faiih-�#eteaidnauo�l,Ptectudes _-�'"
<br /> {�� .•. fa�fenure of the.BotroweYs intereat iu the Property or other material cat of the lien created by ti�s Sea�sIty �,__
<br /> r:. .. , .:-j"i� I�trument os Leadet's secur+t�►iaterest. Borrawer shall aLso be in dafault��,d�in tiic toan app�itian pracess, -.
<br /> ao
<br /> ' ` .;��,: g�e inatcrtalty fatte or inac9cauate informatioa or statemeat�to Lender(or faIIed to p LendeT aitd auy inaterisl' ,�-",
<br /> Y
<br /> :-,t�. informatioa)In connection whh the taan evtdenoed by the Note,iacluding,but not rimited m.rePreseatattous wacernin8 ��
<br /> � ..�:.i� Borrawer'a aocupanoy of the Propetry as a p al resideao� I�.tisis Se�urity Insm�meat is an a t�sehold,Bortower . �-;:_
<br /> 0
<br /> ,"'t::`-:'`.:�. s�a11 comPly aritb aU the ptovisions of the�se.�Bormcvcr saqui��tttte to the Property.the Ieasehold snd the fe�e __ .
<br /> ,°� �: .. •�� - title shai2 aot inetge uates�Leader agce�es to the metg�r ia wtltin&
<br /> _;==;;•�;;.;•:. �:�:�. . . ' 7. Pa+ol�tan n�L�dei's�ts tn ffie]Pt+upa'ty. If Bonower fa�s to�erform the coveaants aad agreementa : �
<br /> -� . � ,'s�- �:� .. . oontaiaed Ia ims Se�au�ity`iasaument,or tkere is a legai praoeedtng that maq si�atl!►affect L+eadei's rig4ta in.the
<br /> �":��::_�'.,,_.�-.:�:..��
<br /> ..��,:�:..., ; :�-°_�. Properiy(sucl�as a piococdiag in baniwptcy.Pmbate,fos a�andemnatton oi forf�ture or to eafoiae laaus or re dons).
<br /> ' � � � . =:rf tben�.ende�t may do aad pay for whatevrr is ne�q to pmtect the value of the Ptop�y aad Lendes's ts ia the =
<br /> `'= `,;:.,""t�:.-'��� -, praperty. L�enider'a aetions mpy.tactudo paging any swm secured by a Heawhicb lms prloriry avestlds Seauit3►� trument, —
<br /> ._.•s . .:E B.
<br /> .�:::��'�!��.��:.:,,,,�: �'� aPP�B in court.payia$re�offible slto 'fees and enteriag an the.Propert9 w mabe YeAaizs. Altho�8h Le�Wer
<br /> , , `,. �,: � aray take actton nader tfis�Ca�aph 7,L�er doea not have to do so.:
<br /> f, :. � Aap amiounts d�bui�ed by Leader�mdet ttds para�aPb 7 ahaU bearme gdditional debt oY Bonower secured bY � ..
<br /> �_ ;: • ttdy Securiry taserumen� Untess Bortowcr:and Lender agr�P Y��.�����P n noti�e from Lender t�Borrower -
<br /> as
<br /> ""'.:'-����`'"�! . fcoa�the date of disbuasemeat at tha Nate rate and sba11 6=
<br /> r..,.� �t_•�_
<br /> T ,: � f''`' LC((liCSt�Iig�CA4 • � �i;
<br /> �. � , �"r � H. Nfdrtgage Iasnranc+e. ff Lender tequired mongage ia4tuanoG as a aoad�don of maldng the loan secured by ,� ,
<br /> ,,'.4t�•'`;:;.'`',: tt�ii Sccu�iry Iasm�ment,Bormwer shall pay the piemIums rcyuired to maintaIu We mortgage Ias�raace ia effect. 1�for S.
<br /> atry rsasoa�the mortpge iasurance ooveraS�requited by.Leader iapses or ceages w be ia e8eca.Borrawet shaU pay �,�„
<br /> � ��• '• �� the premiums rc9utred to obtafn aaverege substsatially equrraleat to We mon�gs iasurauce prevIously ia�effec�,at a oost _
<br /> `...., � - ;..,.��,�- . substantiaUy+equivalent w the oast to Borrawer of the mortgage insurance previou�ly in effect.from an altemate mortg�ge � _
<br /> ` � `�' t mort ima cavera�e ia not avaitable.Bortawer ahaU pay �
<br /> , , , irssurer approved by Lender. If aubstaatialty.equ�alen gaP,e wea�
<br /> ;,�>�`.•'.., . ...;.:�.:; to Lender each moatb a sum.equal to one�taelfih of theyeartq mortpge iasuraaee preminYa b paid by Banower
<br /> � . when the i a s u r a n o e a a v e r age l ap s e d o r c e a s c d t o b e i n e ff e c t. L e n d e r w f i l l a o ce p b usc and retaia�se�aymema as e ,,;
<br /> ' +.,, Ioss rc�gerve ia lieu of mortg,age inswaac�. Loss s�paymeata raay no lunger be requtred.at the opuon of Lcnder,
<br /> � _` , . ,
<br /> :,,; if mortgage iaswance coverage(in the amount s a d f a r s�e p e r i o d t h a t L e n d e r r e q u i s e s)p i o v u t c d b y a n m s�u e r a q p r w e d ,� ,.
<br /> .... . .;;;; by l,eadet agait�beoomes ava�able and i�obtalned. Bartawer s2�11 pay the premiu�s required to maintain mort� . ,.,..
<br /> .��� .'.�.�:°,::=,'.` ' � inauraace in e�ect►or to pravide a loss reserve,unt�the requfrement for mortpge fasureaae ends 1a eaoordance wit�a
<br /> .,`:� ���� any,wrltten agreemeM betareeu Bosrower aad Lender or applk�ble Iaw , .>;:::�
<br /> Lender or ib a make reasonable enMes upon and lnspeetioag of the Frop�ertSr.� Lendet ',°`
<br /> , '. , ,;,j. � 9. Inspect�ua. 8�� reasonable muse for the iaspertion � ,���:.
<br /> shall gh►e Bonawer notice at the time of or prlor to ea iiupectton sPei3fying
<br /> ;�'`.,.' ��: �`�` 10 Condemastion. 'fhe pmoeeds of aay acuaM or c1a1m fer damage+.direct or aoasequenttal.ia oonnecttan with .
<br /> ;.�:,:.;;;: atry candemnation or oWer taking of any pazt of the Property.or for wmrcyanae in lieu of candcmaatIon�are hereby
<br /> � _ asslgned aad abaU be paid to Leader.
<br /> _ �._. _ Ia the event of a wtat tatdng of the Propertq,the praoeeds sball be applled to the su�a aecured by thia Se�airtiy
<br /> -"�;.:;�.��:�'��.��,'` In�uumenb ahethcr or aot then due,arlth aay e�uoess paid to Bormwer. ln the evemt of a pardal ta1�g of the ProPerty
<br /> ..,.: � � . � in which the fair market vahie of t�e Property i�nraeCiateIy before the taktag Is�u�1 to or�eatcr tt�an the amount of
<br /> . � . the suuLa ae�vred iry this Security laswtnent immediately bciore the taking,unles��orrower sad Lender othe�vLse agree
<br /> . '. ;,; ,
<br /> . y. . ,yi .
<br /> /� pprm 3Q28 8/B8 (Pege 3 of 7'Peg6s)
<br /> �('� ' •' d/ �� � .y _ �J f•4�� .. -.
<br /> g �[ �I
<br /> ...
<br /> ��
<br /> . .
<br /> y •.- ..•.," . . . _.:..
<br /> 7 ' . ...
<br /> .
<br /> i .,. _ _
<br />
|