|
,......�---.-- : .
<br /> , .
<br /> .�,»� ,�.,b,Nnr,���...�,. .
<br /> .,,..a,�(�le . : .. . 'r�-..-^-.. ,�..... 1 _ _ _ . __
<br /> � ;�1.
<br /> ...�r�.� a.�. '
<br /> :, . . - _ � — "� .. .
<br /> — _____ .
<br /> — - �1tl�epa�� : ---.._.._ _.
<br /> � �����
<br /> 3. ifi�trd ur !'�•���c°rQy iu�e�i�r. R�+iuu�ti•c.� si�all I:cc�� tti:; i�}�Ii;nvr.�,�:�it�c iimv cr.i�:oi��c� t�r 6�crcancr crectc�l i�n thr,
<br /> �rop�rty iiuurod against loss by firc, he'�rtia includal withip thc term "GXtC1lt�t/I COVGtHg�" ancl any�►thcx huzar.ds, i�ncludin� -
<br /> floc�d�or fluodin;, for which Lerder rGqulrat Ineunu�ce. Th9s insucuacr.shall be mAintairxd in thc err�ounts an�fur the periods
<br /> t{ut�en�kr rec�uir�a.7?�e insunnce c�rrier pmviding thc ineurance shall be cfx�RCn by &�rrower Rubjeet to Ixa�d�er's�spnrral
<br /> w6ich eh�ii not be unne�uo+++ibly withhdd. 1f Bormwtr ld��s to mRirr'.ain a�ver�e dcicribed s►bove. I..e��der may. Rt Iander's
<br /> opiion,obtrin cover�go to protect Ltnder's ri�hta in tt�Pro�ty in aax�r�nce with pu�ra�h 7.
<br /> �11f ituwranoe policies atd renewais shali be ux�pt�wie iu t���k� a��; ��:fl li�;iwi:.�:�t::iula;d m.or�;cec cl-+!�^. ixn�r .--
<br /> e�wll have the ri�ht to ho1�the�iciea�nd miewale.If I�r reqairea.Hoerower ah�l!pKOmpt1Y givo to i.rmdsr all re�celpl�o�
<br /> pnd Prcmiums and renewal noticx�,ar.�r1�a.event of loss.8orruwor shnt!�ive promAe natice to�_hae in,au�a,n�ce carrier aTM!I.rndtr.
<br /> X,er�;,,v txwy malce proof oi loss if a�nt.mmd�Pron�pt�Y bY Borrc�wer.
<br /> pnlp�t L,sndee�nd Borr�wer othtrwasC�tree in writing,insur•anr,r.pcoc,eal�sludl ba appli�71 to restorAtion or rep►ir of the
<br /> propaty dmiaged.if tht rcatar�tion or rep�ir is oca�omic�Uy feaxiM�.e arxi L+:axlar's sa:urity is not lesseaxl.If the restorati�n or
<br /> rq�ir ia eot axmomically Ce.�sibte or Y.e�der's�rity woul�i.ia:ie.�i�l.tt,u i;Mucas�;.�s�al!be sFPlie�!so the s��m,+
<br /> sa.�u�ed by►his Securiry Instnimcnt. whether or not then due, w.ith�ony exass paid to 6ormwcr. if Ham►wer aFra�xlons thc
<br /> pmpaty.or dues na��nswer witfiin 30 days a notia from l,�r th�t the inwranoc carriar has offerod t�sctde a clxim,then
<br /> L��dec may oollect the insurance pn�eeeds. Lrnier may use the pre�ceeds to rcp�ir �r rrstore tha Rrc�e►ty or to pay suma
<br /> r�xurod by this Soc.uriry In�strument,whdFwr or no¢�hcn dus.The 3�-day period wi��be8in when the notice 9s givcn.
<br /> ��� 1� �{ ��rer ocl�e[wi�e agroe in wdting, anY appiie�tion of procoeds to p�ncipal shull rat extad m'
<br /> .M.�.��r►,�c�ue�iate of the mantbfX ptY�ts referred to in p�ragraph� 1 u�d 2 or change the artwunt of the p�ymenta. If
<br /> r_ sw.'___...' e' r'__»"'f_ • l• i �
<br /> y7�jC7r j,-i�ji�yw`��i wc ru�ct�y aa i�i�itiicu uy ixiwici, uw�uwci �i�K�x fG:Jij��TibilTAt1C�p01lClfa i1llf�p1�OCC4�L5 PfE!l.ttllg IiVnl
<br /> darm�,:ao tR+e Pro�pt�nY Prior to�he ioquisition shalt pasa to i.enda to the crctent.,r��'tho sums socvred b�r this Securitp[m�uma�c
<br /> immdfdaUtly prior t�o the acx�uisilian. . �
<br /> �.�Y.p�'�°,�tp�roe a�d Prolect�ew o[the Propaiy:Borru�r�et's l.wn A�plicstioai l.eare�oide.
<br /> }kns+:�x��r sl�all oocupy,tst�blish.sind use tht Property ac Bo�'�ti�v�r's princip�l residcnce within sixty days aft,er t6e exocution of
<br /> th�a Seeurity,It�tcumem and shall cw�tinue W oocupy the P'rr�xztiy�a Hc�rrower's prin�ipu�iiia�ou iu.r.t i����:J;.:s«R� -
<br /> . the d�te oi occup�rxy,un{as Ixtxler othawise agnxs in writing, which conacnt shwll not be at�reaeon�ly w�thfreh4,�ar u�
<br /> . ,. cxt4.'�roueting cimunstar�xs eaist which are beyr►hd•Barrower's comrol. Aarruwrr shill not destroy, darn�ge or ir�p�ir the
<br /> pmpnty, allnw the Pco�tg to deterior+ue.or otimmit wuu on the Pcu�xtty. Borrower sha11 be in default if�my fcxkitwa
<br /> action or pr6oading,whdher civil or crimintl,is be�n that in L.aider'a good faith judga�ent amld nautc in forfeicure c►f the
<br /> p.+naertv nr oti�nariae�tssi�lly.impair tt►e tien crauted by this Sa:urity Inst�ument or I.ender's sxurity intero�t.Bam�wa'm�y
<br /> �---
<br /> cu�tef:�id►c def�ult a�M rcinst�te.�i�a+ovided in Qaagraph 18,by rawsing tt�e�ciibn or proeeetiing to oe arbddsod'wici�rs'n+ing -
<br /> th�;E,,.�.S.e++de�r�s �ewe9 fiith deteRninuion. p�ealudes faifeitun of the Bc!fi+Kswer's intecrat in the Pcuppttr or otl�et� ,,
<br /> �k of d�•lien crated by thia Security�'�i!�trurnem or L,�nder"s s�t.ariCy interest. Borrowu a�ii�,alro f�e in defiob it ,;�.
<br /> �ftd�!�'c.duri�i the lan application praxas,�glivc mueriall�felse or ins�ii�nte inforn�tion or statur�M�w Lead4�r(or fiuled •�:�`r�:,.
<br /> � tf,i�`�1dK I,d�der with rny mtt�ri�l infom►sdion)in conneCSr.r:'�with the lo�n evidenseci by the Nate,inclnding,bat•rn�t limited
<br /> to.��n8&��'�s�Y of the�#'�np�t�tY as a principal n�xida�e. If this Socurity Iaetnmir�lt l9 on a
<br /> la�diolci. Bonower �11 oanply wi�h dl d�e.�cm'ldons af"the laae. •�f�:8orc+ower ac�quires fa t3tte�fio �he Property. d6�e
<br /> laad�old md the fee titOe eh�ll not rneraa undess�:tieliAcr�Sc+as to the magei`in writing. ;.
<br /> • 7.Protectfo�e ot l.m�d�.-s's°�'-'�`s in tl�c;�'r�t7.If�w'rov�xr fi�ls tca pexf«m d�e cova�aits�ad agxoaue�tt�t�ioed�ia
<br /> . ���::!�k;'wity Ir�strument� or there,:iai�.lsg�l;p�cooding that:ti�a'y'significatWy.�tYect L.a�d�'s rigMa in.the Pmpett�r��{�fi�+�a
<br /> ,� y pr4b�al�°for cad'e��xtion or forFeifure or tn a�furce laws or t�ulations), d�ai l.�ibc ir�'�I�lO�d
<br /> e�tu�in •,
<br /> �}'�ever��4oe�suy ta prptect tEre ymtua of the Ptopaty�ad I:c�+x'a rights ia tha Pn�paty, ��er's irxidt�m�y ��.
<br /> !�'1'' m catcf, pRY�+s1� >.;;,.` .
<br /> � � �i� PYiHi �Y��ums aa�uned by a licn•;svi�Sch tuia priority over�t�a���eairity Imdtua�art, rPP�i��B �
<br /> ��•';�ir,�a1(x�ble aporney�'fas and erRering on the i�rope�ty to mAke rep�ira.Il�flau�h La�der may tdc�e actl�fn uaier das.pair�'aph .',
<br /> .�:�, '�:,.`:�'�Gt?Oer doa not hava.to cb ic�. j`�.
<br /> :�;� '�`�1ay amoiuw dbMrcsed bY Gaider unda;this puagraph 7 shalf bea�ne additioad debt of Hormwa �ea�ii� bx ti�
<br /> , ��.�,,,
<br /> -�•,:,,,�. � 5ecotity I�t�.Ua{ea�Bornowu and Le�'it7�t�g[oe to ottKr terntc of MymaN, thaie�mounta tJ�ll bqr imtresc fivm tM.
<br /> � ,'r d�E�f(��lllltfl�M �t�1C�OIC(8IC� 6bA�,tE1G�y��Q, Wi1t1 intCiCSt� RIQOtI fiOtICC fr001i I.CZIdCJ'r0 �OflO�YCt IOQYfi�l1�
<br /> �,i.::'' , � .
<br /> ��'
<br /> • �.N(wyp�e I�oe.If.l�Ctxkr requind mortgage hnslt�u�oe xs a amdition of mp�ing the Ioui eecured by ti�it Sar+�dtY
<br /> ina��, Borrower et�wll p�y t�1� premituns xequitwd W�:'xnalntain the mortgage inx�irt�e in rt'Focc: If, far a� c�on, We
<br /> mo�t�a;e io�urao�c�:AOVersge roq�ired by L.eriile�'�'lapses or esases tu be in.:e,f�'oct.Horroii�er sl�oll pay the pcenuum�c�equiaed to
<br /> obt�ia oovaaps au�'sUmtixlly equivalert to th.e.�mnrtgag�insun�oe pre�i�ru:sly in effect�at a cosc subsdutti�lly equiv�{a�t.to dra � '�
<br /> oac tp Ao�s�c�wer o�the matgage insuriu�oe pra'vioualy Rit tffect, from ar`i'tlten�te mortg�ge ins►urr approvad.hy �:etxkr. If�''.
<br /> , wbsr{i�ll�equivates�t�noctgoge ineurance cova�ge is r�a+a+r�ilable,Borrnwr.r sbsl!pay to L,ender eacl�m�nth x�vm eqwl to
<br /> crne�twdMe of the yarly mortgagt inxur�u�a pe�emium bein�s�' bY�orro+wer wha�the�nsutancx r,ovsrigo ia�::�s�r ccaxd W
<br /> be in etfact. [.er�der will acoept,use arni retair►t1�C�e paYsrian't§ua a loss nesr.rve in Jieu of mortgage.i�a�s,at�c4T:��Loss raer'�
<br /> , ; . :'Fam 9o2e s»o
<br /> • � 4p�3u}0 .
<br /> . . . � . ..�it.
<br />
|