|
hYi> . . t ,.. 3;; .
<br /> :ixc-. .. , ~�'-{ �_ _ � . . : � � ._'".- ` --
<br /> �— � -J`�•�-n n - - �. _ �_ . _ � � �', '.-��--
<br /> � , _
<br /> _— ' 1.�'_ ' . ` ' ` " • ' . .. � . . ' : ....-����.. _c .. . . ; ._ .. .,... ,_. .__ _'
<br /> --_s,, --_ - .:.:Gfii . ' '�s.. . . . , , - . ` . . . . , . ' ... .. • . ..
<br /> ..V..�� ' a -_ ', . , . , - � , . . ` ` • ,. ... . �. ` - ` . ; _ _ � .
<br /> _ . . . , . . � _ . _ , , 9��- � � � �� � � :
<br /> . ` , . �. cwt�es;Lieet, Borrorrees.tiau paY.0 wia,.Ras.ieats,cwr�es,t;aea;�C�'tiot�
<br /> - au;ibrtrbk"to tiie Property iri�icl�aay attais grit�tr b+Te=this S+eeaarit�t I�aest,sad ka�e1�W � . ,
<br /> , paJa�eat�or�rotad nau,if uy: Borro�:1a11 pag dieae•obL'aatioes ia tie aa�ser proviied'u �
<br /> �r�'apti 2,vr�f aot paid�tyat iauaer�BorroMers sialt pay tiee oa time dinedy to tYe per�oa � , �
<br /> . ' oxed,Palr�sFat. Borroxen shall promptly tor�tg I.eade�aI!�otice�of a�o�ts to be,p�i$tt�dtr
<br /> ` .t�ia pua�rap�. If Horrowen make t�e pay�ests direotly, BorraMUS a�atl p�ptt�t Ear�i� to .
<br /> • Leader reoeipts evideacisg tk payme�t� . . - � . . ,
<br /> � Borcowass�sli Pro�w�ttY disctiar*e ayr lie;�r�icl 6ss prioritr ov+er ti�s Secerity I�tra�eit �
<br /> � (e:cludia�aay tirst deed of tra�t) nakss BorsoRen: (a} asrea i� w;itias to tlte.payme�t of t1t �. -
<br /> . obliSaGoe�eanred 6Y tbe liea ia a�aAaer�ceeptab&to Le�des;{h)coatest ut 600d fait�t1�e liei hy, `
<br /> � ar defead saaiust eaforceaent of t6e lien is,k�at proceedinas w6ic6 ia tl�e'Leade'r's opinian opente .
<br /> ' to preveat We eaforcement of tbe'tien os fodeitnro of aay put ot the ProperEy;or(ej secun from .' .
<br /> - , the yoldes of the�iea an agreemest satisfacwry"to Lead�r snbordi�atina tbe liee W tlus Sec�rity � �
<br /> = Inst�amea� If Leadtr dste�tmines that any part af ttie Praperty is sabject to a lien�vbich may�ttain
<br /> - priority over this Secnrity Instrnmeat, Leader may�ive Bonowers a notics ideatifying�he lian.
<br />__ • 8orro�trers shall satisiy tlie Iien or talce oae or more of the actioas seE fortb above wit6in!0 days ot � �
<br />-- the giving of aotice. ' .
<br /> " 4. Haz=rd Iasarance. BonoMers sliall keep We improve�ents now e:istiag or hereafter
<br /> ereeted oa the.Property insnred against loss by flire, Lazards inctuded xit6ia.the term 'eitended.
<br />��; coverage" aad any other hazards to: which Leader reqoires iasurance. This insuiarice shill be '
<br /> maintained ta the amoants aad for the periods tLat Leader nqnires. The insurance camier providing
<br />- - the•iasor�nee aball be cbosea bq Borrowers subject to Lender's approvat .which sball �toi be �
<br /> unre�sonably withheld.
<br />_ _r�� � � AU insurance policics aad renewals s6a11 be aeceptable to Lender and shaU inalude a atandard
<br /> -' �•��� mortgage clause. Lender shall 6ave the right to flold the policigs and renewals.' If Lender reqoires,
<br />,f:.�t;; � � �s _ Honowera sleall prompdy give to Lender all receipts of paid premiums and renewal notias. ln the
<br /> � ." eveat of loss,8onowers . �
<br /> '`�c' �: _ � � '
<br /> � � �� �� �'����sball give prompt notice to the insorance caaaa�a and Leader. Leader�iiay make proof of toss if not - �
<br /> �. ; �� . . . . •;.: .
<br /> "t � ;6,,;'�:��;�""�. . ' asade g+iompdy by Borrowers. .
<br /> ..::..! -c.��'��4-.�,�t:s'�'^i'
<br />. .:..�iis��.•';.'i.,''�.'.�.�r � _
<br /> � �'Y t�'fs'�.:s':!�;. � . � L7ntess Lender and Borrowers otherv�ase agree in writing,insurance p�oce�ds sl�all be applied �.:_--�
<br /> . ��;�`���� ' ta restoration or repair of the Property damaged,if tbe restoration or repair is ecoaomically feasible =_ __
<br /> - "''' ' ' . and Lendet's security is not lessened. If the restaration or repair is not economically feasible or .�f j�`;:._
<br /> :,,,;i;:r�!,.: .
<br /> ' •.''+'`'4:7` . �" z I.eader's security woald be lessened,the insurance proceeds shall•be appliec!to!he sums secured by -
<br /> 'x� � ` ' '. " this Secntity Instrumeat,whether or not t6en due,with any excess paid to Banowers. IE Borrowers "'��:=<`,;:
<br /> ' � . abandofl tfie Property, or do aot answer within 30 days a notice from Lender tbat thc insurance � . -
<br /> . � � carrier lfas offered to settle a claim,then Leadee may coltect the insurance proceeds. Lender may use ,
<br /> ,�- '�� � ' � � " �� ��� tHe proceeds,to repair or lestore the Proper¢y or to pay sums secured by this Security lnstrument, �: ��•
<br /> � � - : . whethet or not tHen due. The 30 day perIod wnit begin when the notice is given. � ?�-° "
<br /> . � �'JmSess.Lender and Borrowers otherwise agree i� writing, any application oi proceeds to .� '
<br /> '� 4%;�;},� '� , priacipal sbalt not extend or postpone the due date of the paymeat referred to in paragraphs 1 and -�'�'��������
<br /> - . ,�,.. .�;;:�:.,..:.
<br /> . - ';��i%"• • 2 or chaage the am�unt of the payment. If under paragraph 17 the Property is acquired by Leeder, •�'�;�t,' �
<br />.�:. � � � - Bonowers'right ta any insurance policies and proceeds resnfting from�amage to the Property prior �'�������s,�� �,�.
<br /> .� . .. .
<br /> � --���`.�' , to the acqaisition shaA pass to Leader to the extent of o.he s�ms secaretE by this Security Iastrument ,
<br /> r-"" immediately prior to the acquisition. i
<br /> 3
<br />; ;: �. . . .. -.'_ _ :
<br /> ,;� . . 5. Preservatioa aad Maiateaance of Paoperty; Leaseholds. Borrowcrs shall aot destroy, �
<br /> - ' , ` - - damage or substantially change the Property,a➢IIow tl�e Property to deterioratc or commit waste. lf
<br /> � ' tBis Security Iastrument is on a leasehold, Borrow�rs sbatJ comply with the provisions of the lease, �
<br /> .'' '�. . . • and i[Horrowers acquire[ec title to the Property,the teasehold and fcc titic shall no�merge ualess �
<br /> � ��, ' .'•` , Lender agrees to the mergcr in writing. � �
<br /> .:�
<br />.— ':i�e. .. .
<br /> ' , {f'��j!''i'�' �6. Protect"rx of Lender's Ri hts in t�e t�ro ert Mort a �.Insurance. li Borrowers lail to � �
<br /> ..`iZ;: ' - �.f 8 P Y; 8 S° .
<br /> perform the covee�CS aad ag�emeats contaiaed in tbis Security lnstrument, or there is a legal :
<br /> �'°`� a='��,�i proceeding tbat ffiay'significaet�y affect Lender's righds in t6e Property(sucb as a proceeding in '. .
<br /> ���'�'������ ' baakruptcy,probaee,for condemnation or to enforce 2aws or regulations).tben Lender may do and ,
<br /> -= pay for whatever is necessary to protect the se,�°e,a!tIte Ptoperiy and Lender's rights in the Property. --- - •
<br /> LeadePs actions may inclnde paying any sums'secured by a lien which bas priority over this Se¢urity � '
<br />—,���.r� Instrument,appearing in�court,paying rcasonabte attomeys' fees aad enteriag on the Property.to .�
<br /> =_— make repairs. Although Lender may take action under this paragraph 6, Lender.do aot bave to do �
<br /> so. , • ' • . �
<br /> Any amounts disbursed by Lender nader ihis paragnph 6 ahall become additional debt oi . �
<br /> _ Bonowers aecnrad by tLis Secnrity l�strnmeat.Uaiess Barrowers and Leader agrees to otLer terms " _ �
<br /> -._._..� � -----
<br /> ---__ __ .. ..... _ .. .._�.: -._ .. . _. .. - -- ----
<br /> _ _ . � ,:
<br /> . 2 � *
<br /> . . � .
<br /> . ;.
<br /> ! ,
<br /> . '. . � • .
<br />
|