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<br /> ` .4�Fire.Flood�a�dtMr HsYUd Ii�rcarow Borrower dutl insuns aif improvemaats on tbe Pt�operty,�r"ftatee:' �
<br /> � m�r in a�Isoenoa oriub�equeattr arec�ed.apint iny l�rard�,c�dt�and�a�atia�enates.iactc�dit�tiro.for wriich �
<br /> I�endee requires iaeurit�ce.This i�anoe siull be maintained in tlye a�nounts aod for the per�ods tbst l�ender.iequirea., `
<br /> Borno�ra shrtl atso insure ali improvema►ts on the�iropatq,xhet�et�noR ia eriatenve a subeequently erecced.s�inet
<br /> laes by tloods w tl�e eittent requi�ed by the Secre4sy.AIl it�uance ebaii bacatried�rith oompanies�pproved by Lender.
<br /> The ins�,rance policias ud u�y�+ene�rals ehal!be uetd by i�a,der and a�aii➢nctude laeu pyabi�e ctauses;n favor ot.and in •
<br /> s iortn saxptabie to.t�dec� _ . ' � � � � ---—-
<br /> In ttit evept ot tae�Borrower ahsll�va l,endes immedi�te aotico by maii.I.ender msy make proof oi tos�ii not �
<br /> msde promptly hy Horru�ra.�Nsch it�n�oe eo�ttpany coace�ned is bereby authori�ed and dirasted w mslre paymeat _
<br />-- tor such taea dinecciy so i.enaer.instead ot to Borcoxer ud w Lender 3oic�tl9.A11 or'anY P�*t oi tha insurance pcocbeds
<br /> mry be appiied by Lender.at ita option.eitha(s�to t�be'reductiaa ot the indebtedness ubder the Note ard thisSxurity
<br /> .-- Instrumeat,first t�my del�queat�snounta appfied in tha�cder ia P�'�P�+Ph 3.uid thea to prepiymeat of principal,or _
<br /> (8)to the restoration or r�ep�ir ot the dama�ed Praperty.AnY sPPliwtion of the pcooeeds w the principal shall not
<br /> e:tend or pastpone'tt�e di�e date oi tbe manthiY P�7n►ea��rinch ue refeared w in Pera�eaPb�ur chaa�c the amount ot
<br />__ such paymtata Aay esoees i�n�xae pi+oceods over an amount required to pay ail outstandin�indebtodness undec the ,-
<br /> , � Note md this Sec�ttitq Instrumeatstnll b�patd w tbe eniity te�ally entided tt�ereto. . _� --
<br /> In the avent ot foreclasure'oi this Sec�uity Instrumznt or otAer uanafet o!title to tlie Propetty that eninguist�es the � e��..=_
<br /> indebtodtiess.sll si�ht,titie and inter�at of Borrower iA ind to irisurancae policies.in force sf�all p�w the purch�.9er. ���-__-.
<br />-_ 5.Occu e .Pnaarvstioo.Maintemnce md Protection o�the Property;�Hotrowei s�osa Application; °� =_
<br />_ . P� Y ,
<br /> • bt'sh and use t h e P r o as Borro�rer s 'nci t tes�idai�oe�vithia si da ���'-
<br /> I.easeholds.Bonower shaU oceupy,ests t . P�Y P�'i P� �..� . �'��'���
<br /> - — after the etecution oi this Security In4wraent and shsll contiaue w oocupy the Property ss Bocrower's pri�pl ��::F--
<br /> ��:-:-
<br /> - -- � residence for st least ona.Yeas afur tha date oi oocupux.y,unle�the Soct�taty d�urminrs tLis reqtriromeas Ni11 cauae �Y��,.�
<br /> . ' unduq turdship fot BonoMer,or unlesc erteaustin�circumstaaoea�iist Mhich ate beyond Borrower s contro l.B orroMer > ''��s•y
<br /> _;�;�_� shdl notify Lenders oi �nY extenuating circumsances. Bormpet s6s11 noi commit waste or destroy, damage or �'` .�
<br /> � s�bstantially chsng�the Propercy ar allow the Property ta deterioate.reasonable kar and uar eYCepted,Lender msy �. _ �-- _
<br /> inspoct the Properry ii the Prnperty is vscant or ab�adoned ar the to�n is in deiaW�Lender may taYe reasonable action r.�'� {�'
<br /> .to prote�t snd prcxrve such vacant or absndoned Property.BorroNer eha11 also be in defsult if Borrower,durin�the —
<br /> laan appltcatioa prar.a�.gave materiaUy false or inaccurate information or statements to I.endec(or faited w provide " ' - � -
<br /> - � Lendet with any materiat information)in cosu�oction with tha toan evidenced by the Nota,iacluding,�but�rot limitod m, :. :;�.::
<br /> ,. npresentstions oonoerping Bornower's axupency of the Property as a principal residence.If this Security.Insirumeni is ;.'.`;;;;�;
<br /> on s leasehold,Horto�rec shall vomply Mith the provIsions of ffie lease.U Bornawer soquires fee title to the Prnpert�.;the ,,�,�.=;���-
<br /> �� �leasehold and!x titlt s�wll not be asergod unless LeAder aS�ee�s ta the merger in writing. , `� ':.;'�
<br /> � • . . ���,•_��
<br /> + �` �.� � 6. Chartes to Horrower and Ptotedimn of LeaBes'a Ri=hts in the Property. Borc��er shaU pay all ��. � ,_ -.
<br />- �?P�;�t- r..a . .
<br />- , ' }. .J�'��J.��j 4'�`� . � ...,govemmental or municipal charges,�ines and irapositions that sre not included in paragraPh 2.Bonower shall pay ��� �` .'' ;,�,.
<br /> ;�(? ����`'Zri.:;'�s'� ��. ' these obli tions on tima diraKi,�af.ihe entity which is ow�the paymen� 1 t fai lure to psy wou l d a dverse Iy a i f e c t ,,�''
<br /> h''A='��°�.��1J, ��,.!!., � , � . � . "
<br /> '��:-��- r,.�s;, • e: Lender s intereat in'the Propert}.upoi�Lendei's request Bonower shall prumptly furnish to Lendet receipts evidencing '^;,•:;,•
<br /> �` :��4: . • �_� ��''.
<br /> , "�'.�..��:�:' •�� - � tMse.payments. _ , . ..
<br /> ,!�>�._�.:. . ' • �• � � . f��' •�
<br /> au-j 6
<br /> ;" ' ��;-;�'. . .
<br />- �.; , ..'�-. If Bonower ful5 uo-make these paymenta or the payments roquired lry�mtagraph 2,or fails to perform any other � , _
<br />`_' ;;;% ` '� :.�=�;=�� r�.. covenants snd agrcei�a�Za contained in this Soeurity Inst�r.Qens.or thete ia s�legal pmceeding that may signiiicsntly �, , �`
<br /> ` - ''"�7 �� atfect Lende�'s si�ss� the Praperty (such as s procee�isag sn banlcruptcy.for condemnation or to enforce Easrs or :�
<br /> ��'�'�� -�" ���� IatioAS),the:��e4cter nia do sa�d whaterer�s csea��ry to protect the value of the Pro and Lender'�r: ts � ..� � ..;,;�.
<br /> . s..t,�--.-,. .
<br /> .�.±�;_,r.:�..•.-_-.::. r�egtt 9 PsY PeKY �. � ..... . _...,y.�
<br /> ' `-�;-`�.��-. `� in the Propetty,incin�eng payment of taaes,haza�ral i:asutance�ad other items mentioned in paragrap3n 2. . .. ..,�,
<br /> i;; _,�_�r:� . � ',
<br /> '-:�.-;#�,�.3 .��'i;'�
<br /> ' �4�
<br /> .':.x.,..;;; , Any amounta disbursed by lxn3er under this paragtaph shall become an additional debi��° $�rraRer and ba , ; � �,",..�c;:,�:
<br /> - �`�`�' ''` ' securod by this Security Instrumem�.'�'hese amounts_shall txat interest from the date o�dfis�ursement,at the�o�rate. � . ,:;1,,,,,,;;,•:
<br /> :+��;;'�
<br /> � ,>-t,•:r:��� and at the optian of Lender,shsU be immediately due�nd paysble. � . '%;;::,��
<br /> �;�y_ , � ' .. .
<br /> . ,,._;..�; � . . .
<br /> --_ ,- �-=•., 7.Condema�tion.The procasls oi any award or claim for.damages,direct or cflnseyuential,in connectian with
<br />— _— �..,,,�_:,
<br /> �.;.iy any eondemnation or other taiting oi any part of the Property,or for conveyance in place of condemnation,sre hereby .�;..,;�
<br /> w '� �� assigned ac�d shall be ptid to Lend�r to the exunt of the tull nmount of tha indebtedness that remains tmpaid u�c��_the � •:.���,'�;
<br /> � {``s"`���� Nou and�.�is Security Instrumen�.II.ender shall apply such procads to the reduction oi the indebtednesg under tJln�°�ote �';�;�_'
<br /> .;�1.i�'';;;.':: , -_: �.,�,,,:.>,,
<br /> . , and this Security]nstrument��rst to any delinquent amovnts applied in tha order provided in paragraph 3.and t?��n to .,.;�;..
<br /> _ ' ��' ;"
<br />_ �!a� pr+epsyment of principal.Any application oi the proceeds to the principe) shsU not extend or postpone the due date of � -� ..
<br /> i�
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