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<br /> . , '. •f. , �(pi in[CtEY tQ f16�.LO�Ci ibiV IaW bC[lQ1Y�Od l0 BOi�OWCi �IItCR�t OTE�fO�f On f�{0�IIOdf.BO�i0M�0i� � a .;�•,, .s+T�.•:� _
<br /> ° .., � 1,C�dOt ID�jl�00 jA d0'iMGYCir that�otE(0{[ibi�b0 00 lbb�1.OUdEr/6�1��IO HOffOYYOr.W�tLOW '
<br /> . •; �• " ;y ill�Yf� 0��4 QC�4 illd to(�0 Ppllt�i W�tb0 i0f�t�Cb dCat to l60� tiy�;,%'�c CkQI'rt- ---
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<br /> ' • M��d0.�a(0 p���{ �tOf vl W011t iCatfOd�t t�i 1� :;.
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<br /> - - -� .'- � U tbe Plwds beW 6y Leader etoeod tho�mo�mb permitted to be 6eld by�,�bb shafi avoount to Harro..or fiw — -;s. .�_'u
<br /> ,'�' . � . .�� t6e e�ooers Pond�Is a000rdaswe wlth the�ot applicabb l�r.U�6e imouat�t6a Funds held by i.aAdor u�uy timo . . .: ,:�;,:,
<br /> � ° �� &aot a�ideat to pap tbo Bscra�v Ite�t whaoi dng Leadnr m�y s o aotii[y B a r r a�e r u a wrking�aadi in�uch c�o Borrower�6aU ' . � -
<br /> . whao ao uc
<br /> .� :,�; " , -' p�y tp�Laador tLe�mauot to m�ke t6o da8cioacy.Ho�rrrow�r dWl m�lco up the aau�ancy in ao mora thao twdMe . _+��,,._- ---
<br /> _ `�.:.,.��..�.. �Y l�ym�ao�,at L,aade�►°°`o�y�,up Ho `.^,�' .:._.. _.`_
<br /> , ;: :.�.�',.�'i U� p110 p�ymeat ia EuU d�U taoat saaa+ri_ by thb In�rumeat� Laadec shdl P*�+PUY �� �~� . �.'.'. '
<br /> raAmd to Barro�er aay� ., .,
<br /> ; . , '�f;;�',j d01d b�►I.OAl16T.I�;p1M{0�p��P�?1�l.Wder i6�lIS��1�C {��0�����Yt���Pt���t� iCC��Cd bji th�i �,�••`+.r%��+'�^i.a:�-.�€,•,',.sr
<br /> , �. .�'.� ��f�WY�Y F'�+lield by Leader�t!be wo . . .
<br /> � �� 1� �" .. ,
<br /> , � otherarhe.�! receiv�al I.a�xler undot� i
<br /> , � . `�' ' � 2 y�a ot�q.Uda:s�paicable��uad�er the l�ate:�o amouutsYpsYsbb widar �third, - .. � ��. ,... ,."`
<br /> � ba �uy uader �,;�,.;.:• ,.�.....
<br /> ' w intore��ourth�to P�1 dae:wd IW�W mY late eh�rges daa under Na1e. .
<br /> ' " � wer WI Saes Aad impo�tboas ettribut�ble to tho w6ich � � ., �
<br /> �. Chwe�ep Uaw.Horro t�ll pa twces.asse�mants,k��ch rga es,
<br />'. � �`r�: . � � o�er IWs S�y 1�rua�eat,aad sh,oldpaymenta or ground roat�if u�►Y. Borrawer y thete , ;,`.�-� :
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<br />-+;, ' the m�nner��in P�*+��Fb 2,ar it m�t p�id in t6at manner,Bvnow�or�!!pay tbam on ttmo�to � ,.'°
<br /> � '' p�om ptly furnis6 to Laader�ll na�o�of aawu�ts to ba pud uade�t�i�pu� !i ,�;:;::., .,
<br /> �, tho perton aw�ed p�ymont r�h�llHa�towor rha0 promptly fucais4 ta I.endar recdpts evidmc3q6�WS�� , "'�";j"'�i'; ��;''
<br /> � , Baarow�er m�leos th�a P*Y�R�Y ��) ��� , t<;�. .',
<br /> � � ,�: Horruaier thaU pramptly disehargo any liw wWeL ha+�pr�orIty ovor thia Securlty Inttrumeat unless B�3a�thth � , ��i:,�.:���; ��`.:'�:.:..;;
<br /> . writing to tbe p�ymont oi tha oblig�tloa�cured the Uen ia a menaer�able to I.eadar(b)cantexts iu e Uca �-�'•,•,1:,�'` `� �,:•.� :t.
<br /> bq r `�T�r 5�1��'�=.�:
<br /> � b p� or dafouds eafaraionent of t6a llan in.legal procxediugs whic6 ia the 4eader':opinioaoperate ta prevent the �+,,,:+:,:`'�1F! �f'v_�Sr,
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<br /> .�-_. .... . �.- . enforcement af�;ar(a)�from tha holder of tha lien an agcument satistaetory to Landor subordinating the lien to , �. .0 :h s^nr'=
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<br /> .`�, � this Seeurity Iastnuaent.If ndor datormiaes that auy part af tha Property ia sub�cct to A lion wbich may attain priority ovcr i �{ St��'��
<br /> �+r , ';/�;`, ��� � ':�� � ? thia Security Instr+►mcnt,I.e�der mayq�ve Horrowar a aotice ideatifyin$the liea.HOROVNCr BIIAII 88hi8f�(L0 UGD Oi tAIIE OAC 07 ,�++�� `��; �s
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<br /> ;�, ,► ��, �, � � ��� : , m o r t o f t h e a c t i o n s s o t f o r t b a b ov e wl t b i n 10 de y s of the�vin g of nopce. i� � :, _
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<br /> � „ � ;,�.,� . 'y,�;_,.,�tifi���l,� 5. Hfazard or Properly Inmraaoe.Horrower shaU keep tha im�rovamenta now exisiing or hereafter orected on the�Property � " : '`, �,� ;:
<br /> � ..�' � ,..4�1•::`.�l. �; lasurul�7oss by 8re,hazards included wlthin the tecm mdended covaragc"and any othor bazards,including floodt or � _ ' .;
<br /> �"��;i.•`��.. ��;>>6.S,a: Qo�ding.Tor wLich Landor reguires lasurance.This iasuranca ehall be maiatained ia the amounts and for the porfoc4 that �" � �;$!��}�;;`y,i���.
<br /> 4' � , . �•;' , �� j �,� ��i�` Landor re�n�es.T6e iasuranca can9er pravtdiag the inswanea shall be chosen by Horrower subject to I,ea d a r's appro v a l � �' ;� �`�� :
<br /> ;R ' , a,k� ,.; ;,t� ahich�LaIC not bc unreasonably withhald if Borrower falls to maintain cavarage d�se�bed�ov�e.Leader may.ut Leacle�'� � ;', 1" '� � _
<br /> . ,;'.t',i.��;:'::.� - o p t i o n�o b t a i n w v a r a g e t o p r o t e c t L a n d o r'��i g 6 t s i n t h e P r o p a rt y i n a c c o r d a n o e w i t h P�P i � -
<br /> , . , ....�.,. ,. .
<br /> �,,.. . All iaswaace poliaea and ronow�lt shap ba�c�pt� ta Lender aad tiwU induda a st�ndard mortge�ge clauso.I.onder eFWI ; ° �',.
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<br /> `+,� ,. h a v o t h o r i g b t t o h a l d j h o p o l i d e s a n d r e u e w a l t.U �I.o n d a r ro q u i ro s.Horrow�or ahaIl p r om p t l y g i v e to I.endar all reexipu ot paW +�
<br /> � ' _ : and ienevea!n�ccs.Ia ihe event of 10�,19o�►owEsr Rha1181v�e PlomPt uotioe to W e�u r a n o o c u r l e r a o d L e a d e r. �•;,,. ., . . .�`:,•
<br />_ � �der m�y mako prooi of lou if not m�de PiomPtlY bY Horrower. � , . ---�--
<br /> � '� .,;..... ;,1�,
<br /> ,� Ude�a Lendar end Horrower otherwlsa�gree iu�iosutanc�e�praoee�siull be ap lied to reKontiou or npair of the ' .s�;
<br /> � Pro�erty dama�god��f t6e reatoradon or rapair i��oonom�e�lly fa�ibfo aad i.endar's�ty is not leumed.It t6a rator�tion
<br /> . . or rop- �ir i�not eoonomiaJl twible or Leador'�aecurlty would bo les:oned t6o�uaur�nce proceed��6d1 be applfed to t6a � .
<br /> eum��ecurod by thia Securf�jr I whetl►er or not than duo,with anY euass d to Borrow�nr.It Borrew�e+abROdoa� , '
<br /> � the Property,or daa nat�war wi��0 day��aotioa from Laader tiul the i�uur�ca c�rri�r G�c oftaral lo iottW r cWm, . .. ,' -
<br /> thaa Lender may ooll�ect tho imuruica prooeods.Lender may uso the prooecds to re or restore the Property or to p�y wm� �►
<br /> �, � ' �ec�uad by�6is Seaudty lostrwaont,whether or not then duo.The 3Q�di►y perlad wW�gia whea tho aotioe 4 gavco. ' ' �
<br /> .;;� � � .. Udo�s Loader and Bonowar ot6orwLo�r eo ia writiag�any ap llcadon of proceecis to principal�II ad exta�d or postpaoo ! �
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<br /> ' ' the duo dalo of the montbly paymeau ro(aned to in paragrap 1 ead 2 or e6wgo the amount of Wo paymonts. It uudor __
<br /> ',�' peragraPh 2l tho Proporty is acquired by Lendar�Borrow�e�'a rlght to any insuranco poltdas and prooeod� rasutdng trom .
<br /> , daaa�o to the Proporty pr�or to tLo acqui:itlon �baU pus to Lender to t6e extent of t6e s� seeured by dds Soa�rity : Y;:
<br /> � Iaatnunont immediatoly pdor to tha acquitition. =�
<br /> • 6. Oocnl►aac�'� Preservadon� MaJnteaanoe and Protec�loa of the Prope�ty� BaarowRr's l.00u Apy1k�tlwii LaweDotds. ;� �-'•'� .., ,_
<br /> � �'�. �� Borrowar shaU occu astabUa6,.and uae We Pro as Borrowar's rin residenca within da after t6a e�ecutioa �:`•.� _
<br /> ;,. PY. Pa�S' P � �Y YB :•r�'�,:.`•�.
<br /> of tWs Suurity Iastrumeat and a6all cundnuo to occupy tha Property aa Bonower's priucipal realdence for at lea�t oua� # �.: �.•;>..
<br /> • � , after tha dete of occuPauci'�unle�s Lender oWerniae ees iu writiag,whtch cansent aball not be unroasonably wiWhel or ; � , :.:.:�:'�`�',
<br /> ' _. _j,�
<br /> rn a e� ,.,,.
<br /> : ' ; naless axtenuatiag dreumsteuces o�dst which are beyaad Borcower's coauol.Borrower ahall not destroy�dama�e or impair the : . t`':' ... . :
<br /> ti��:..
<br /> . •. ' .. • ' Property�allow the Proporty to detednrate�or commit wasts on the Proparty Borrow�er shall be ia default �f anr torfeiture , ��;�;��;,,,,�,�•�.
<br /> ' . .�.,:�,.�: acdon or proceediag,wheWer civll or crLninal,in begun that ia Lender's good�fait6 judgment could result in forfature of the ' ���;c
<br /> 't;;� : r , " :' ,. .� '`�rJ Proparty or otherwjsa materiolly uapair the liea created by this Security Iastrumeat or Landar's securlty interest.Soaower may � ' "
<br /> r....
<br /> ' I �- ,I�f-:�•'•� � ' . . . '
<br /> �� . � �'-��a�:.'. . � cure such a default end roinatata as provided in paragraph 18,by cauawg the ection or pr��to be disml�sed anW a ,
<br /> •I ruling t6at�ia Leader's good faith deterrainatloa, p re c l u d a s f o r f e i t u r e o f t h e B o a v o w�e r's i n t e r e s t �n t h e P r ope r l y o r o W e r �
<br /> j'��� � , mate,rial Ln airment of Wa Raa created by this Security Tnstrument or Lender'a securlty intarost. Borrawer s6a11 also ba in `
<br /> t1LFA1'II� ¢�rrower,duria� the loaa application processt avo materLdly falsc or iaaccurata information or stetamenta to i
<br /> �'.±`' �•'� Lcuc]er (or feilcd to protnde Lander wdh any material �ormation) in cannection with t6o loan evideacecl by the Nota, ; ,
<br /> '•��'' ' ` . inc�aa ' bat not lim[tcd to,roprasontations concarning Bonowcr'a occupaacy�of tt�o Proparty es a priudpal rostdanco.II tWs �
<br /> �;�•,�' j Sec�trity�wnent is on e loasahold,Bonowar shall comply with all tlie proviatonc of tho leaae. if Borrowor acquires fee tttle ;
<br /> � to the Yrope�ty,the kasehold and the fee tida shaii not morga uniess Landar ugrees io thc mergcr in writing. .
<br /> 7. Pnotectlon et I.eader's Rigdte la tde Propert,tij.If Borrower faila to riorm thc covanents aad agreementa c:ontained in this ;
<br /> �
<br /> Securihy Iuatrument,or there is a legel procceding tLat may s '�canlly atfcct Londer's righta in the Properiy(suc6 as a . �
<br /> prooeeding in bankrnptcy�probate�for coadomnetton or forfaiture or to eaforce lawa or reguletlons)�then Leader maY do aud
<br /> pay for whatavar is necessary to protect tbe value of the Property and Lender's rights in the Property. i.ender's achons roay '
<br /> includo paying any sums secured by a Ilen which Les pdority over thi.s Security Inatrumeat, appeartng in court, paying
<br /> ' . reaaonaWo attornay�' fees and enterL►g on t6o Property to make repaira. AlWoug,h Londer may take action under t6is
<br /> �� paragraph 7,L.eader does not havo to do so.
<br /> fi Aay amounfs diaburaed by Lender uader this paragraph 7 shall becomc additional debt of Bonower secured by thfs Security
<br /> ,� InsWment.Udess Borrower and L.cnder agrec to other terros of payment�thesc au�ounts shall bear iuterest from t6a datc of
<br /> -� ' ' disbursemen[at[d6 NOie�8[8 ena sheu be paya�le.witi�interesi,upou ncai�irum Lcusbi iu nC�iiuvZ%Gi�Gl'Y{:blW�FpTWV3i'
<br /> � '� �. Mnttg�ge 1�eurance. Yf L�nder required mortgege insurance as a coadition of making the loan secured by this Security
<br /> . lnstrumeas,Barrowcr shall pay the prern�ums required to maiotaia t'he mortgage insurance in e�'ect. If,for aay reason,the
<br /> �� mortgage insu►T aace coverage required by Ixnder lapsta or cr,ases�to be in effect,8�nower s1�t17 pay the�remiums requjred to
<br /> u
<br /> "``� ` ������ abtain coverage svi�stantial��equivalent to d�e mortgage insuranr,e previaioe!�iaa e�.f�ct,at a cast subsiaai�ally equivaleat to the
<br /> +,��';'. . � '�: • '�i cosi to�orrower of t�e mortgage inauraace pleviously in tffect,fTOm an alternate mortgage insurer approved by Lender.lf
<br /> .�,: ., ; , ,� sulbetatudaUy equivaleul mortgage mswance covera�e is not availab9e,Borrower shal]pay tm Q.ender eacL moatJh a sum ecpaiai to
<br /> , , one-tcvelEth af th�yenrly mortgage insurance premsum being paid by Boncnver when t�e unsurancc coveragt 9apsu!or eeased _
<br /> ' � to be in af�eci.l.ender wlll accept�u�e And retain tLese payments as a loss reservc in lieu of�mrtgage insur�nse.l.aca peserv�
<br /> ' • '�`��''� i peymonts may no longer be requved, at t�e opli�e of Lender,if mortgage ir�swanco coverage(w t@�x am�naa¢ aad ga¢�e
<br /> � , penod that L.ender requues)provided by an insurer approved by.Lender again bewmes available and is ob.tained Bonower
<br /> sha11 pay tho pnmiuma required to mainteun mort�ge�nsuranca w effect,c►r to provido a loss reserve,untiIl t�e requirement ,
<br /> r � for mortgego inauranoo onds ln accordence wlth eny wrkten agrament betweon Borrower and l,enddr or appli�h law.
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