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<br /> ' :`4�.,�f ,._ ° . g.�zasd ar Faope�►Iflsa�ence. Boaowea shaD k�p t�e imprpve�ents uow en;stmg ar heae�atter e�ecied on the�roF�Y .
<br /> ` °, ins�sed agai�sc�ass by 6re.La�is�aclnded w3sh�dee team"�xtQaded oov�age"and aay ott�t�ards.iadudin8 IIuads or , .
<br /> ,Y' tIoading,for whicb I.eader�es imsuranc�'I1tis in�oe sLall be mam�d in the amouats�d for the p�iods that Ir�dcs �. �:`,
<br /> = � � regu�e,s.7he in�ance�pmv�ding the insm�ce sAaii be chose�6y Baimwer satuect m I�der's apptoval�iIIisb shall nat t. }.
<br /> - _ _�=�—�_ .» � ...:.D�hau1 T4 Rrhrnaras Eaitv M maQiffiA1 C�v2.�8Q8 dCSRl�Ed 8BOV6.LL'J1dQ W3Y.8t IEIIdEi'B OAnOfl.O�ffi$1 =.
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<br /> oovelage w pmtect Lende�a right9 in th�e Ptaperiy ia scco�danoe w�h p�h 7. �
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<br /> - _ Afl ia�cauca gol�a�d�ewaLs shall 6e aooeptabie W Lead�en�sSaIi ittcIude a staadard mnrtgage c?ause.Leadea sLatl F �`2
<br /> . _�_-__ ._�'-_.. _ . _—_
<br /> - ' s� �.. 6ave t�e�ight to hold the policies and re�aewals.If Le�ad4a seqoIIes,Boaowar sball 1�PUl+Bive w Leader ati reoeipts of.paid
<br /> . pr�s aad re�ewal no�.In the eveat of tnss,Harmwer sLaII give pmmpt notice to the u�a�oe�rrier amd Lead�.I.ender �'t
<br /> ,�.� ,- may makepsaof of toss if not made pmmptiY bY Bm�awPr. `;.' '
<br /> Ur�Leader and Baimw�othawlse agree in w�ag.�ce gmaeads shail be applied to r�ar repair of tbe � �,.`
<br /> r � � , � RuPeaty►damaSed.if ihe restnr�►ar�air is ecoaoraic�tty feasible and i�dea's secxuity is not tessene�.If�te�atioa or _
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<br /> : ' � - . rep�a is aot er�aamic�tiy fe�ble or Le�dea's secarin+cimntd be less�ed,the msatattce pmceeds s6aII i�e app' - -- ..
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<br /> C�. �" ,. � ��'` � s�r�d py t�S�jr Ins�uument,whether flr not th�dQ�wItb xny exoes�paid to Soanwer.If Borraw�r a6andans the � ;`'
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<br /> .'w • . Pcopcaty,ar does not m�swea w�hin 30 days a notice fcom Lender 4�ai the ins�rance carc��has o�f�ced to seate a claim,th� .
<br /> - Lender may coiI�the fis�aace proceeda.Leadr'a m�Y nse tfie pmceeds m tegair nr iestnre the Propc�iY ar tn pay sums secu�ed
<br /> � by t�is Ser,aut�r Insmunent,whether ar nnt thean dus.Tt�e 30�day p�iod w�71 begia whea the nauce is givea. ;�:
<br /> ` � Uni�L�der and Baaowes othcawise agree in writmg,ffi!Y aPPiicadon of pmceeds to p�incapal s6aII aat�ar posipune
<br /> = ' � t�e due dane of the monthly payments�cefeaed w in paiagg�aap6s 1 and 2 ar ehange�he amouat of the payme�ts.lf un�dea paiegraph ! —;'�=;
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<br /> 2 I i h e Y m g e r t y is a c q u i r e d 6 y I.euder,Boaowea's right w any insa�ce po2icies�td inoceeds�g f=om dama,ge to the ��'
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<br />- �•�''� �P�41►F�m��luisirina si�all pass W L�der to the extent of the sums secaied by tHis Secauin►Iastl�nmieat immediately -�-�'-
<br /> � ..:,�:._.... .
<br /> , � � �<:�;� priar to the a�On.
<br /> . , -�``,,;;'•�° !�.Oaupaacy,Preacr�+atIaa,Ndafmtenaaee ar�s Pe+ote�wn ot the Fe�pesiyi Barrower's Laan Apglication;Y.ea�hotda
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<br /> ` Bwxawea shaD oocupy.es�bl�s�,�d a�e the Pm��y as Boaower'e��cipal residenre witLin s�y days aftca the ex�,vrimn of
<br /> . . � this Sectaity Instmment and stiaA a,ntinae to oaupy the Pt+�peny ag Bormwds p�indpal zesdea�se for at least one year aft�.the :,.'" .
<br /> _ , ,. _ � � : . date af oaap�ieyr, +anless Len�ath�a�eea in wtiting,which cansent st�aII nat be�.son�bly wi@�held,ar� � ::j•;�
<br /> . . m:'�.Si �n�g�exist which ffie beyand Bonowes's c�atroL Boimwer s1haII nut desuoy,dam�e ar�npair the Pmpeaty►, �-
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<br /> � • = aIIaw d�c ProPeaty► m deteaio�te,or cammit waste on the Pcoperty. BoaowPa sLaa be in defanit if auy fo�emne acdon or "�t,:�
<br /> '.. "r`` � Fmceed'mg,whethe,r civ�ar c,�inel,is be�n that ia Leatdea's goad fsith jgd�nent c�Wd resvlt in farfetpmre of die,Frapesty os , �,.���:s;
<br /> ��. �. .., .;� `� othezwise mat�iallY imPa�the lien aceated M+tbis S�a�iy+Instmme�t ar I�d�'s se�mityr iaterest.Boaowea may c�e such a � :t:,
<br /> , . ':i . defanit aad reiastai�.as provided in pa:agtaph 18.by causiag the aedon ar�ooeedinS to be dismissed:witb a ruiing tl�aY.ia � �_-.
<br /> .. �,. � � Leadar's good fait��on,Psecludcs furfeimre of the Borroorer's inte�ess u►the Pmp�+or oth�a maLe�ial imPai�e�nt of ,,,;
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<br /> � t:. • . . '' the�iea�by this Seamiry Inst�ntent or I�nd�'s securiry int�.Bormwes shall�ke m default if Boaawea.dc�S :,;,�•.
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<br /> , .� � ; loan apF�on Bm�ss,8a�'e ma�riallY fahse or inac�aie infoAnation ar statements W I�Car faited w p�mvIde I��er witb � �, ���i
<br />- ���' � any marertal infa�n) m wnnect�on wrth the�Oan evld+�uced by the A'or��nct¢diIIg,but noi I��w; repr�s�mriona -
<br /> , , . ` : ;z conc�ning Bmmwea"s occupaacy of the PrnP�Y as a p�3ncipal residence.If d�is Serauin►Iasamment is an a��sehold,Borrower ` �'
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<br /> . i . shall comply wiih aD the�ravisi�ns of t&e lease.If Bamacvea srquire.s fee di2e to tba PtoPe�rty�the teasehold�nd the fee ti11e sbail -,;.
<br /> , .. � � . :` nos merge unle�I.�d�agcees w the merger in wiiting. . ;;';.,:
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<br /> �,•,: ,. " 9.Prut¢cttan of Leader's Iitg6ts fa the Pro�srty If Barmwex faiLs to perfoim the cove�anis�d agce�memts conteined in -_
<br /> „ �' '.: � • �
<br /> . this Serauiry��.or thcae is a te�al Dt�B tha►maY signi�u�flg aff�t L�der's rights in 4te PrnPertY(sach a9 a . _`
<br /> , , `.' 1��8 in banls�trpt�y,Drobate,fos coudemnation or forfefiue or to eafo�se Taws ar regalaitions).ttren Leadea may do sitd pa�t � ..,:,:
<br /> � � for whatevea is neoessary W protect the value of the Pmpeny an d L e,n d e r's r:�in t he P r o p e rt y.L e s t d a's a c d o n s m a y i a c l n d e :.��,:-�;
<br /> , . •� �p , u�co�t,PaYing reasonable '::-=-.
<br /> �a � r`�-: aYing any sums seatted by a L'e�wPdch has priarily over this Sec�iry 1�strument,aPP�B � �.,:,
<br />-- `°;.,:�,�,,�. . 7.1Lendec
<br /> _ ...::.... ... . attameYs fee,c and ente�a�g on the Propeaty w make repal�s.ANF�ongb I.ender may sslce aqion�dea thi,s pa�a�re�ph
<br /> -:": .: . ��,.�'s daes not have to do so. • •
<br /> $. �' . ' ;� Any amounts disbnrsed by Lender nnder_tLis�rffiagraPh 7 shall become additional debt of Baaower s�ured by this S�eurity •--
<br /> . , . �..i Inst�ame�L UNe33$ot[owed•and Lenda agree to othea teams of payment,tttese ammmts shall bear ir,�st fmm.the date of _
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<br />_��' . , ; disbursaanc�tt ai the Note rate aad shall be payable,wtth in�aPon natice from L�der w Bouowa requestin8 DaYmenL . . �
<br /> . ' � ! 8.Mortgage Insnrauce. If Lender required mortgage iflsurance as a con�tian of m�king the loaa secureA by ttds Seamit� _ � .
<br />- • . �' : Insuument, Bormwer shatl pay the premiums reqatced to mau►tain the mortgage itts�aance ia effeq.I� for any r�asan,tbe
<br /> ���� . .� . mortgage insaraace cnvetage reqaired by I�ander tapses or ceases to be in efCest.Bormwea shall pay the premiums req�sed to � :`��_�,�
<br /> � obtain covr�age subs*�ntially e�uivaIent to the mortgage insuiance previonsSy �cffcct,at a cost sabstantially equiva�ent to the
<br /> .-:-�t cost w Bormwer of the mortgage ins�uance ysevioasly in effect.fmm an altcanate mortgage i�s�uer agpmved by I.eudea 1f .. .
<br /> � . . subsiantialiy equivatent mortgage insurance caveaage is not avaiJable,Borrower shaU pay to Lende�each mon4�a sam eqnal m ,
<br /> .,,. � � � one-twelfih of the yearty mongage insurance prem�um being paid by Borrower when the jnsuiance cavaage lapsed or ceased to
<br /> . . . '} . be in effec�Leuder will accepi.use and mt�in these payments as a Io�s reserve ln lieu of mortpga in�rance.Loss teseave , .
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<br /> . , Form 3Q28 9l80 ..
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