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<br /> ' - - � � 4,F��e. Y�1ood md Qthor H�aard In�usea�;�.�arroaar efu11 in�uro ell impmvent6a�on the o ty,w ather _ _
<br /> --='""-=-�=='°=i nox in exlatenca pr eubeequently et�eotod,eg�inr�t eny Yua.arde, cesuiltles,und cuntin�encte�. includin�f�ro�far winich ---
<br /> L.cnder raqulrae ttzeuranco.Thte inaurance oh�ll ba metauinod in tho eenounts end ror the perlods th�t Lcndor requiree,
<br /> -� Hurrower eh�il also ttiaure�lI Improvcmente aa ehe Property�whether now in exleteace or aubeequently ereated,Kaitut
<br /> -- lam+by ti�ods to the extent caquirod by the Searote�ry.A11 inauance shdl be cantod wlth comp�rttae agprovod by Lender.
<br /> The ineuranca poltcles aud�ny roneNals stull be hold by I�endor and slutl daclude loee p�y�ble otaueat in t�vor ot,ind in
<br /> -s _� a torm tccetattble to,LMtder.
<br /> - - In tho event of lae�re,BorroNer ah�lt gtve I,ender immedtate notteo by�neil.Lender m�y m�lce proaf o!lau�ii rat �
<br /> mzde promptly by Borrower. &oh tnsuraace compeny conoeraed is hereby authorizod aad diracted ta m�lco paynfant
<br /> i � for suah laeo dlraetly w Laader.inetea.d oi to Bflrrower aad to Len�!er jointly.All or�ay pert oi the i�sura�o graeeeda
<br /> may be appl�ed by Lender.at its optioa,either(e)to tho reduation oi the indobtodasae under the Note aas�thie Saaurlty
<br /> ',', I�►teument,tiret w any deliaqueat amounts epplted in the ordor ia paragraPh 3.aad tAen w prepaYm�t•Q�,Pz���P�•or
<br /> _;�A � (b) to ttie eeawration or repair oi the damaged Proper�y. My nppllcsitoa of tbe proctede to the print3psl etull aot �--
<br /> �� ert�d or pastpone the dve dato ot the monthly paqmente which am referred w tn pangraph 2,or chaa�ge the unount of
<br />��l auch p�ymenta Any exca�s lasutauce proceeds over an ntnouat required to psy eit outsmndiag iadebtodnese under the
<br />=i,., Note aad thIe SeaurIty Iastrumcatshali ba petd to tho endty legally eadtled thareto.
<br /> , --- -
<br /> In the evoat oi toreclasuna oi this Seaudty Instrumcat or other trenstor of tttla to the Proparty that esttagu�tehes the —
<br /> = iadebtednase�ell rtght�tttle and iaterest of Bonower ia aad to insuraace poltciea Ia farce shall pase to the purehaser.
<br /> S.Occe�p�lacy.Preservation�M�inteaaace wd Protectioa oi the Property;�onower's Loaa Applle�ttoa; -_-=
<br /> - I.easeholdB.Bormwar ehaU occuPY.eatabltsh.aad usa tha Property es Bonower'8 princlpel res�deuce withtn el�ty daYs -_--
<br /> ;{.:�...=,`��. - aPur the axecution of thie SeGUrtty Iastrument and shell coatInua to occ y the Pro es Borrower's cI �`
<br /> uP P�Y 1� P°� �i-:"�'
<br /> resIdenca for at lesat one year after tho date of occupaaay.unless the Searetery deteimiaes this requirement wIU cause �
<br /> ;�-�•:::�:; uadue hardsl�ip for Bore�ower.or unless extenuadag circumetercces axist which nre beyond Borroaer'8 coatml.Homower �:.
<br /> � eheU aotify Leadar of any eatenuating circumstances. Bortower ebaU aot commit waete or destroy, damege m' r�`�-
<br /> � t� ..,•-.� �::-:-
<br /> . ��s�C�,;,� subertentlally chenge the Property or allaw the Property to deteriorate,reasonable wear aad tear eacepted.Leuder may �t{.L�
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<br /> '�''� :•�`'•- inepeot the Ptoperty if tha Property is vacant or abandoned or tha loan is in default.Leader may teke reagonnble tctioa -
<br /> �°`�`^��^'`'� to preserve auch vac�at or abaadoned Pro Borrowat ehell elso be ia default if Bortower�duriag the �='-�='
<br />= � '�,�:..: ",, . �,. Protect nnd a a perty. ��„-_:.
<br /> . r�� �; �,:�u. Ioen appltcatton praceas,gave mnteri�lly falsa or iaeccurate iaforsaation ar atatemeats to Leador(or failed ta provide y .
<br /> �� - ::;,;f�?'� I.eader with any meteriel information)in conaxtion with the losu evideaced by the Nota,includiag,but not 1�mlted to� C�3
<br />.;:, - ��' ' °u. tntions conca�in liorrower's ocou of tt�a gropercy as a priucipal residenco.It i�bie oa;urity 3ns&-ts�istti Is `°,�,
<br /> �,'.� �. .�,.,,.;"� � P Y P � � �:-�.
<br /> ;���� , .�ti+f._: � rapreaea 8 P��Y
<br /> . ,�. . p ;,; s,� ..'��`t�' on s leasahold Borrower shall com 1 with the mvielons oi the lease.If Horrower uires fee tida w tha Pcn .the _
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<br /> ,-. -r;`.� . �_ � • leasehold nad fee title sLall aot ba merged unlese Le�tder agrees to the�nerger in writing. ���,;:
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<br /> �.�:.�,,�:� �,.�::;::.'"�� 6. Charaes to Bonower aad Ptqtcctioa oi Lender's Righta ia the Propertq. Bonowar ahail pay tll - :
<br />-� ''�u�.°. �'` .^. :1i a governmental or municipal cherges. tines ead impositiona thet are aot iacludad ia paragrap}� 2. Botrower shall pay °
<br /> ���'"� ± � ''":r these obligations aa time directly to tir�eatity which is owed ttvj paymeat. If failure to pay would adversely effeat
<br /> .� ^ .
<br /> � �'�}'�•"�``.,f� Leader's intereat in the Property,upon Leader's request Bonower ehell promptly furnish w Leader roceipts evIdeacing ,,:
<br /> , �:•it�7!ltbk:?t�v�•r�.
<br />� .:;��'�;r,F+i�,. the�e paymeats. t.;�.
<br /> �,. .;x•+r!�Ly.�.�,
<br /> '_-� ' �,�., . a� , h or fatls to ortn any other
<br /> , �� (<<�� If Horrower faile to make these paymeats or tha payments required bY P�B�P 2 P�
<br />��:�� :,�,r,. . ' „ coveneats and agcoomeats contetnod in thie Security Iastrument,or there is a legel proceec3iag that may slgaificaatlq
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<br />_ ' �`.�«�t�'�!:�'`'R, afteat Lender's rights ia the Property(suc h es a proceeding in b a n k r uptcy.for c o n demaa t ioa o r w e n f o r c e l aw s or
<br /> "�i°R"�°�'�"""�-'4`-."` ,,.,,�•'atioas).then Leader mny do aad y ahatover is n�ry to protect the velue of the Property and Lender's rlghts ;.y�;�;
<br />: ".i�i�i.yA.�.w,:».: 'vb�` � ,`t�si��
<br /> "�!"',� in tha Property�includIng payment of taxes,hazerd ineuracice and othar items n�eatioaed in pnragrapA 2
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<br />= ��0 4 t'`'� My aniounta diabur�ed by T.auder under thie paragraph shall become an additional debt of Borcower ead be
<br /> � ��.;�.�, ,'�'`''�t securod b y this Seauri t y Inetrumeat.These amounts shall bear interest from the datc of disbursement,at tha Nok+rate� °
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<br /> L..... _:°:,•,,, ead et the option of LeAder,sholl be i:nm e d ia t e lq due an d paya b le.
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<br /> - ° •'-:^:- � • �;?��:• 7. Coademnation.Tba ptoc�eds of eay award or claim for damages,direct or consequential.in conaect�aa with
<br /> `'�' � � ` � �`'`�`` et►y wndemaation or other taking of any part of the Pmperty.or for conveyaace ia place of coademnation.are hereby
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<br /> ^~a ' �:'�;�:� aseigned ead ehall ba paid to Lender w the extent oP the full amaunt of the indebtednese tha2 remaias unpaid under the ..
<br />_�• ,. ��`�' _ Note ead thie Seeurity Instr�ment.Lender ehall apply such proceods to the e+aductioa of tha ladebteduess under the Note
<br /> ��'`�� ���� ' aad this Socurity Insttument.firet to en delta uent amouats a lied in the ordec ovided ta h 3,ead then to
<br /> Y 9 PP P� P�►�P G;.,� �.
<br /> � '-i�':'�` '. prepsymaat ot prInaipal.Aay appltcation oi the praceeds to the prIncipal shell not astend or poetpone tha due dats of
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