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<br /> ` •? 5. HaTard or Ptrppe�ty Ia�voranae. Bou�ower shall ke�p tt�e ImPmvements now e�osting or he�eaRe� �ected on the � �? ` `' `=`.
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<br /> r`".`_' : "•' .�OOQS OI fl00dID$,f0I W211Ch�..CRdET I�QU1IC91a31Ii�.�11S IIIS[ri'dIIUe S�18u���II ihC ffiLOIIniS 8I1�ttfi 1$C�ETI�S ,4''�`. �.4.�.
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<br /> �, f 1 thas L�der�qnires.Ihe insuianoe ca�iec pmvid'mg the iasvranoe shall be cteosea by Bomoaer subject to Lender's appmvat :�
<br /> ` :. `�' wLich shaU aat be tm�asanably wid�hetd. If Bortower fa7s w mamtaia cove�age deacr�ed ahove. LEnder may.at Le�tder's ,q �. x;�:.
<br /> ' � ` L�dds ri m the Pm m accordamce with garagraph 7. - �` '`� .
<br /> , aptioa,abrain ooverage w protECC g�s F�Y� ` ;�
<br /> } '. Hll insuiance policies aad mnewaLs shaU he acceptable to L�der and sbail include a standazd mortgage�. l.eadet ` r � ;-
<br /> ` ,,� shali have the rig6t to hold We policies and r�tewals.If LEader�equises.Burrower shaU PromP�1►�'e w Leader atl�oeipts of
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<br /> ...z:�_ paud premi�s aad�ewal notices.In the event of Mss,Borrower shall give prompt aotice to the insurance carsier mid Leader- ,�f .°�
<br /> _ ��-,: Leader may make pmof of lass�f noi made PmmptiY by Sormwer. '� F'` ---
<br /> Untesa ixader and Bosrower o�►ise agr�in writing,iasora�oe pso�aeeds shall he applied to restoratioa ot re,pair of the � r �.:
<br /> : so a -
<br /> ',.:`.'::e�:�;'= �P�9�S�•if ti�e�storatioa or reQair is eooaomicaUy fea�n'b1c�ad Leuder's se�auity is not�ed. H the tesw�atioa oz _ <..:�-;��,-.;t�T;;..
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<br /> � - repa'v is not economically feast'bte or Ixnder's s�curity wauld be lesseoed,the ins�aaue pmt�eed5 shaA be applied w the sams s a :-4,��t �•,
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<br />-- ' S�by���y�t, grh�her or nnt thea du� v�ith aay euess paid tn Boaower. If Bormw�abaadons the ,, ., °'
<br /> .:� , ``' -
<br /> � : ...- Pmgenny,or does not ansaer witbia 30 days a nntice from Leudes that the msurdmee�Has offer+ed to seate a claim,then r�Y:; -`
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<br /> � ` � '` :` Leader may collect the imm�oe proceeds. LEnder maY ��P��LO �P�or restose the PiopertY or to pay sams . ,
<br /> `� s�a�d by this Se�auity Iasu�nt,avhether or not thea dBe.'ll�e 3Q�day Qeriod wiU begin when the notice is givea. s �4'.. `�`�,
<br /> ` � Un2ess Leader aasl Bomuwer othe��se agree m writiag, aay application af pmceeds w prjnc�pal . ""�r.:-,
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<br /> ;, �. postpaae the dae datc af the mo�hly PaYmmts�ef�ed w in pazagraphs 1 and 2 or cd�ange the amnunt of the paym�ts. If Y �;�.'.
<br /> ` _ � F`� �mder paragraph 21 the Propeny is acquic�d by I.ender. Bormw�'s right m aay insucaace polides aad proc�ds result�ag from :,"..,:
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<br />_ . :� -':�- damage w tite Praperty prior w the acxlnisitian sl�aii pass to I�nder to the extent of the samg�by this Secadt�+tnsttument ' `b,r.;: ` -- _
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<br /> . � �'�: �Y P�r to the a�;quisitiont . ,. :_
<br />` ' .� -� f6.Ooarpsmcy,Ynes�atfon,119aint�anoe aad Rota�aa of the PrapestY;Bosmw�'s Loan Appt�wt�an,I.e�oids- �'?��
<br /> . ., 2 ,s; � ��:
<br /> Bomawer sLall ovcupy,estaht3sh,and ose the Pmperty as Borrower's prmcipal residence withm sixty days aRer the�an of � � 4 �. ,-r,.
<br /> = -. Wis Secuiity Insuumeat and sfia11 ooatmue to occupy the Propeny as Bo:rower's grincipal resideuce for at least one year aRer r ' - -;.
<br /> � ''a; which consent shall aot he�amably Wit�hetd, �
<br /> `� the date of acwpancy,�mless Leader otheiwise agceea in w�g, bh ar tmle� , ;�-
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<br /> ``- e�u�ng ci� exist which are heyond Bormwer's canttal. Bomawes shaU not destmy.da�e i��r �. R �_"
<br /> ";� pmperty,aitow the PmpeRy to deteriorate,or wmmtt waste oa the Roperty.Boirower sbaU be ia default if aaq Ea� ` ,
<br /> ' �: wlt�er civil or cr�Nnal.ia begua that in L�der's good faith jadgment could�snit ia forfeivae af the ��
<br /> prnceoding , °. ,+�.._—�
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<br /> • prog�,y or oWetcv.ise materially impair the Ilea c�+eaud by this Se�rIty Insttwment or Leuder's seauits►iatetest.Bomawer tnaq . �
<br /> � -:;`Y� cme sarh a default aad zei�tate.ag Prov�ded m Pa�a�aPh 18.b3►c�iaS the ac6oa ar proceedinS to be dismissed witt�a tniing :., '+ -�---
<br /> '` .�:��. forfeitare of the Bomawer's iatecest in the PcopertS►or otne[taaterfal ��':':.•:�`..,_
<br /> . thffi; in Ixader's gaod faith detc�m3nation,pmcludes er . , K -_
<br /> •��� anpairmem of t�e l�ea created h}►this Se�anits► Iaswment ot Len+der's secauity interest. Bomuwer s6all alsu be in defmult if �Y:. • -
<br /> j ' �� ` .� Boaawer.du�n8 t1�e toan application proces�.P,ave materiallY fatse or Iflacauaie i�o�an or statements w I.e[ider(or faited ` '- �_
<br /> _. _ ' 1�� . b�noilimited
<br />- .. ,�:. �` to pravlde Lxuder arith afly�al info�ation)in coaaecdon wi�h the toaa evIdenced by the Note.iactuding, < , : w..�-
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<br /> -- - • to.rePres�atioas coaceming Borrower's oocnpaacY of the Pro�escy as a piincipal resideace.If this Sea�ry Iastcomeni is on a :: , } 4.�`
<br /> ; ;'���� ::.,:;1, ie,asehold, Borrower sbaU oomply witri all the provisions of the lease. If Borrower acquires fee titte w the Ptopeaty►. the .� , ,'��.
<br /> Ieasehold uad me fee title shall aot metge�mless Leadec ag�ees to the merger in writing. ` r '`��-
<br /> .; � � f . 9.Ytote�Ion ot I.endar's Stghts in the Praper�y.If Borrawet fails to perfonn the coveoaats and ag�reements t�taiaed in , °; . :_
<br /> �� this Seauity Insamneat,or there is a legal pmceeding tbat may significamiy affect Lendec's rights in the Prope�tY(such as a , . • �iv-
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<br /> - proceeding in bantQUptcy,probate,for conde�auon o�forfeipue or w enfosee laws or regulaSons).theu I.ea�der may do and -�:_
<br /> ` ' '`' Leader's acfloas may : ",.: , �
<br /> .-�. . ..: � pay fo:wLatever is necessary to protect the value of the Propecty and Leader's rights ia the Propetty. �;�:.; .: .'�:;`�-
<br /> � in oowR, paying ��-
<br /> - . : ' i-�' �aelut2e DaYu►S aaY sums s�ued by a liea wh�Cb has prlozity over tlds Seauiry /nstrameat, appe�ing -
<br /> ; .: reasoaable attomeys'fces and�tecing on the Property to make�aiss.Althongh Ixuder�y take acKion under tHis garagr�pD _ ---
<br /> � 7.�.e�uder daes not have to do�. ; � ..��.: -a=
<br /> ,_ . Any amuunts disbu�sed by L,eader under thi9 pa:agraph 7 shaU beoome additloaal debt of BoAOwer seivred by this `� r.'•::•' -.
<br /> 1 .' . . � �c,=. g�ty r�c�.,,mo•.��Unless Bortower and Lcader agree w other term4 of paymeat,these smaunts sbaU bear intarest fmm the ,•.. .°.
<br /> � � date ot disbursement at the Note mte aad shall be payab2e, witL Intere.st.nPon notice fram Leader w Borrower reqaest�ag ��• �„
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<br /> � ' `�� 8.Mortgage Ias�ance.lf Leader required mortgage insivaace as a conditlon of matang the loan secured by this S�urity � ;: .
<br /> .;�; , �.;.i; Ingumment, Botroaer shaIl pay tJie psemiumg required to maintaia the mortgage Insutaz�re in effe�. If. fos any reason. the .'..'. -: -. ,.
<br /> �-:. .:.:. ; " '. ��,�. mort�age in���co�erage required by l.euder lapses or ceases to be in effea.Hasmwes s h a l l pay t he p�r e q n i r e d w , .;,,.°.,.
<br />' '-.� , ° ,-..'. , ovs za effect.ffi a cast subs►antiaUy eqn�vatent to the • - .
<br /> -, .. 'i obtain coverage sabstaatialty equivaknt to the mangage ins�uauce previ lY �
<br /> -'��'� ..s cost to Borrawer of the mortgage insurance previausly w effect, from aa altemate�ortgage iasurer appmved by l.ender. If .
<br /> . • .-�1 substantially equivalent mortgage insuraace coverage is not available.Bonower shaU pay to Lender each moaW a sum e q u a l to . �' :
<br /> �:. s...�.. .;,....
<br /> ��.;;. . oae-tarelflb of the yeazly mortgage insvrance premium being paid by Borrower waea the iasuraaee coverage lapsed or ceased to . , .
<br /> � . . ' be iu effest.lander will accept.use aad retain these paymeau as a toss reserve in lieu of mnrtgege 1as�uaace. Loss tes�ve , ., . �.�.,
<br /> i�, . . iaem 3028 8l90 , �
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