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<br /> _ - `"`: • S.t3�rd or Proye:ty IIISma�oe. Hoaower shaD keeg the iaaprovemenfs novr existing ar h�ftea eccae�on tha Pc�pe:ty � y ..- _ . � ; _
<br /> . . �..� .. . inseued agai�st�ss h y r f�e s 6 a z a r d�in c I u d e d w I t h i n t h a term°ex t�u d e d oovaage"`a n d anyr a�ar 6 a z ffi d v.�c l u d'm g f I a o d s o r � . �
<br /> . . ,` ` , �nadiag,faz wha,�I.e�de,r reqai�es�nsmsace.11�3s ins�uence sUall be meinmiued in the amounts and far dte p�iods thai Le�der ` ' � : �`:
<br /> ' . .,` " tequites.7be iasnt8uce C�ies pmvidtng the i�uanc�e sh2ll be ctcns�by Basmwer sub,joct to I.eudds�ppraval whicb sh�ll ttot . .
<br /> , ' ; . � be im�sonably arithheld.If�oaowca`fa�1s m maiamia covetag.°d�bed above.Lender may. at Ir�de;'s apti�. obrnia `., �f •
<br /> ����_� � sbveda,geto pmts�tLe�de,r's righis in t�e Fiagaty in acca�dausecvuh p�ra,papte 7. : , • .
<br /> . . AII insurance poliaes aad mnewals shall i�c soceptable to I�ender aud s6aD iacInde a standard m�ge clairse.I.ender shall ' ' � ,`' '
<br /> � r� 6ave th�rigl�t to ko2d the polic3es affd reaewals.lf Laid�mqa'�es,Baaowea shatl P�P�Y BTMe ro I�der aII receigts of paid -- ' '-
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<br /> � � pr�ns sad r�wal uumees.In c�e ev�f of Io�Boriower s6aII give pmmpt norix m the i�ce��d I�der.L�adea '
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<br /> ' , , . "- uaay�aYegmofof inss�natmadc PmmPff7►�S►Barrowcx -- - `, _
<br /> • ° Unlc�L�d�aad 8a�mwer ctherwise agree in arri�mg,ms�ce gmoeeda sbali be applied to r�.saanasion ar�air of ti� . . �`�;,
<br /> ` � ' �P�Y�8�•�the�ar repaff is eonnomicaliy fea�Ie and Le�d�'s se�uily is aat Iesse�d.If dte re5tu�atinn oz '.;.' ..
<br /> - � � � �air is nns ecoaamir�lIy feas�le or I�dea's sec�ary would be I�aed,tfie insarance pioceeds sUaIt fse aqrplied w ths sums , � . �<„�.
<br /> . �, sec�rd by this Secaority InsL�uaent,whe�ar au;then dn�wi�h a�r excess paid to Ba�awea. ff Eoaaw�a�dons the . ,: �
<br />- pr�rpe�ty,or does aot easwer wi8zm 30 days a notire Emm Ieader that tfte ia�snce c�er has offa�d to s�Ie a claim.thea • `��"`�. . _
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<br /> t�', . ' Z,eader caay ooU�t the�ce pioaeEds.Le�de�may use the gnnceeds w re�ir oT iesD��the Ptupeaty or ts pay sams secAred . � �.;''�.'
<br /> . ., � 6y tf�is 3�r r„�*+,�r,_�,erheth�ar aot the.n da�'Ilte 3Q�day�c�d w�1 begm ar��the nctice is givea. -, ` �
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<br /> '; •, . . . . Untess L�der�d Boirnwer o�g{wise agc+ee in wridng.anY 'ag�l%catio�of gtoceeds tn p�cipal sbaII nnt exiend ar ga�paare � . .
<br /> Eie dne dalc of tQe mnnthly pa}►meais r�feared to in pa�hs 1 a�2 or ckaage the�tof the gay�.lf mcdPrg�h ' `� �•, _ ,�__
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<br /> _ - ---`��- 21 the Pmperry is��si�ed 6�r Leltder.Boaawds rigflt m�p msarance po�cies aad piocee�:esni�ag hom daznaga.EO�e C'.F.; ' y.a �- _
<br /> , ,` _ �F�Y P�to the acqaisuIon shali pass to Leadea to the extc�t of t�e sams se�ao�e�!by this Se�ity InsO�meut�y :. �-',i'�__
<br /> _ � •�r';�` priorto the acquisitlon. . . • �:.""`,-�- -
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<br /> `.��;;n�.��' .�. 6.Oc�rapanc�.Paesesvalion,Ma�ntenance and Ptot�ion otthe propeir¢y: BoreaR�z's Laan App�a;Le�nlds. '
<br /> , . � . ` �< xonow�shall ocarpy.establis6,�md ase the Prope�ty as B�ogrear's�al r�ce ari�in�snny days after the execanian of ' ' ':-�
<br /> " � this Se�rity Ins�neat ana sbari cantinne w accapy the Fcoperty as Boaowes's p�al sc�de�ce for az T.�ast one year aftea the .. -: L�
<br />� _t . date of oaaapancy,�mtess L�d�a athemise agtees in writing,.whicL consent shaII not 6e u�maa*�9y witbhe2�,ar uatess , _°�•'
<br /> - =— _ - _ - extenu�ctnauirsrauas�cisi wi,ia�are o�,yoad H�s cau�aL,�souawersoa�aac aesaoy;�aiimg�"�rmpeat�,- � - � : _ ,
<br /> ,�, , � altow the Praperty w detetioiate. or cammit wastc on tbe Propeacy. Bmmwea shsII be in defanIt if any fmfeimre 2caran ai � �.•�
<br /> " � Pra�edio�g;wh�hea cirn�or criminal.is began that ia l.eadea's gaod faith judgra�t coWd result in forfei�ue of the Pmpaty or . . � �" :
<br /> . othaartse mai�iallyr i,�tIe��iea�aeatcd by this S�ariry Insuament or t.emd�'s sec�riry int�rest.Bmauv��may cun snch a ` � ,..-
<br /> • ' - defanIt and rehismtet�ss� ed m h 18,by cavslag the action as�x�ceeding to be d�smissed wish a niling t�at,� . °`:K,;��`
<br /> .� .. � Le�dea's gand faith deteamiaarion,i�c��ure of the Bwmwez's irr�.�u�the Properry or oth�mateaial impairmwt of � .'?`ina��
<br /> � ' ' ���� the liea�cceated by this Se�rity I�mrrr�t or Lendes's sec�ity iau�.�B�awer shall aL�m T�in defanit if Borrowes,d�'g the ' +`• .
<br /> � • . . ";�� loan app�tion pr8ces.s.gave matea��f fatse or iaaecutafe inf��cs'.�ts W Le.�*�(oz fa�ed m prnvide Le�.��with . ' . `s� ,
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<br /> ,� . . aaY ma2aiat iaformadon)in c�onnr�tion wit6 the laan evide�ced b�t�•"�mCinding.but uot 1�[t�to,�tarinns • ' `�,:. ��
<br /> .. � canser�ng Borrawer's occt��cy of the Propeaty as a prmcipal resdence.T[d�Security Imsuum�t is a�z m�ieasekold.Barmwer , � - : , � r
<br /> �-� � � � � sha11 cdmpIy wiW aIt the psovisions of the iease.If Baimwea acquaes f�e��a the Property,the teasehold and the fee at2e sball � � �,`
<br /> ,; � : � nat mer�milcss 1Qndea agces tm t�e meager in wrivng. . � , ;� � '
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<br /> � . .. � � 7.PabS2c�on of�.ender's Rtghb tn the Property. If Boaa��s�a?s to�erform fhe cuvenants and a�euts contaiaed in .;,:�f`
<br /> ,; this Sec�mry Iasu�mtau.or there is a 2ega1 Pmceeain8�bat mas►siSnific�j�aff'�ct I.end�'s righis in the Prnperty(sar�as a , , .' : .
<br /> � . . . . D�8 u►��'�''�ft�F�bate.far candea�naflon or fmfeimre or to enf��aws or zegalations).theai Lender may do and PaY . . � • � . . .
<br /> ' � � � � for ahatevea is necess�r�to yrotect the vatue of the Prapeaty and I�ndea's rights in the Prnperty.I.endds aarons may inclada � • .
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<br /> ,�. �� D�B�y sums sec�ed by a lir�xvhich t�priarity wet Wis Seatrity Ins�mmm�aPA�B in wtut.PaY�B ��� '-
<br /> :;:;ar�t��`. attnamey's",f�s and enteaing oa al�:�i,pecty w make repairs.Although I.endPa may take av.mm uadr�this panag�aph 7.Lendcd .. ; �'' �
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<br /> � ',�``�� .-; doesnotLavewdoso.. . . . �':f'+►,.. �'
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<br /> � '.:;• .�. � Any amounts d3��ar�by�lxndea under this parag�aph 9 shaU become addirional debt of Bomnae,r se�ured by tfis S�uiry . �,
<br /> � . lnsuumeau. Unless Sarmwea and Le�der agree ro otliea terms of payment�thes$amonnts shall bear int�est imm the date of � , � .
<br /> •. .. disbaraemeut ut t&e Note mte and shall be payable.arith I�t�.npon notice from Lea�der to Bormw�requesdn8�Y��� . .
<br /> . 8.��rtgage Insur�noe. It Leuder required mongage insurance ag a condidon of malang�he Ioan seaued by this� � . .
<br /> - � � Listraute�, Bnmower shall pay the premiwns r�quu�ed W maui4aur the mortgage insuiance in effeci. If.for any rea�r�,G'�e �� .. .
<br /> = ti � . mortgage fis��ce cove�age neqaireA by Lenda lapses or ceases to be in effec6 Bormw�shall pay the�nemiums requued w " �
<br /> ' • obtaln caveaage sabsmndally eqnlvatea�t to the mortgage irtsmance previnvsly in effec�,at a cast snbstantiaUy eqwvalent W the �u ' • .
<br /> � � .. . � �` oost to Boimwer of the mort�ge uismance prevlousty in effect.from an altemate mo�tgage insiuer approved by Lender.If �
<br /> - �: ' subs.t�ntlaally eQ�.�ivalent mortgage insur�ce coveaage is not availa6Ie,Bonowea shall yay to L�dc�eac6 monW a sum eqnal w � �.� .
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<br /> - � oae�tarelRh of the yearty mott�ega insivauoe preaniuro being paid by Bmmw�r when the yn.,,;ruance caverage lapsed er ceased r� ,. ;.,.•.,�..,•
<br /> ,., �. _.. be in effect.LeadPa wiU acoepb use and retatn t�ese paymea�ts as a tos�ieseave in lien of mortgage ia..nuznce.Emss reseave i .
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