|
, ' . t. _ �' . � a �• . �;G��'f'�" ;�.�C .
<br /> ; !)_ i ii}' .y . . . v^ '�. , �`t, . ' . . �. `t .M1. r . . . . ' i } 4, ' ,CE'• `
<br /> .1 . � .f� . ' - ,Z� . . �1'. .� - `` `- .0 •�•� ' .
<br /> 4- !` c� _'�.— --''�
<br /> � - Y i r2 � �__ '
<br /> H. �... �
<br /> �C..
<br /> Y'7/�_ ���Jb�'d7YP .�c.
<br /> 0
<br /> �. �d flP� Ia.a+�c2. B+�rro�'rer sttall keea the imgnnv�nents n�v eaisring or hereaitec erected on th� ���,,�_
<br /> � �
<br /> Pcop:rty insur�si againsi�oss by fire.hazards[cclnd�within the term"este��caverage" and any Qiher ha�rds. 3ncIadinS --
<br /> party
<br /> ttoads or flouding.for�lhich Lender requIms insumnr�-'this insurance shalf fa�mainsaiaed in the ar►tounts nnd for ths perfods �'s;:_
<br /> tha.t Lender requires.The insurauce ccvrier pr�vidin�tne i�suranre shall be chosea by 8orrotiver subject to I,�nder's 3pproml �,
<br /> whici� si�ai!not 6e unreasuaubiy wiBhhet�. 4f So�rovrer fails ta mainmin wverage describai above. I.�nder may.�t Lender's --�--
<br /> . �
<br /> �,+ aption,ob�in co•rerage to ptoteq.Lender's:ights in!he Prapert3►in assozdanoe with paragraph 7. �±_=`
<br /> fill jnsurance policits and rienewals shal! be�able to Lender and st�a11 lnc[�de a standard mortgage clause. Lender �"
<br /> shall have�te right to haid th�policies and teaser•a1s• lf Lender requires•Boarower shall pmmptly give to I.ender all receipts of i�-:.�•
<br /> '�� pacd prerniums and renawal�oHv�s.In the event of tass.Borcuwer shall give prompt notiee to the insurance carrier an�Lender. —`° ."
<br /> Lender m�y mak�proof of toss if aot a�de pro�ptty 6y Barrower. �.-� `
<br /> m
<br /> Un2ess I.ender an�Sarmwer othervrise agce in�vririag.insusasice prbceeds shall be aPPlied m restoration or regair of the .��':':
<br /> Pt�operty damaged.if tho restdration or re�air is ecou�miraUy feasi6le aad Len d e r's s�r lty is nat les5 e n e d_I f t he res to r ff t io n o r r�°�:,
<br /> �:_��..
<br /> repuir is nat eooaumically f�asihle or Leader's seca�riry wAUtd tsa 1�,the insucance pracee�s shall be applied to th�suras �.•-��
<br /> serun�by this Sr�urity Inssntman�v�hether or aot ttten dne, with az►y exc�ss puid to Borrower. If Bo:rower a6andons the �'��`'
<br /> I�vperty.ar daes aat answer witlrin 3Q drrys a nodc�from I.ender thtit the ins�ranae canier has offererl to settle a claun.then �`� .,
<br /> L�der m�y coflect tite inr��r.�n�e pzaCe�ds. Lender cn�y use the praoe�ds w tepair or reszot�t�e Frapert�r or to pay snms --
<br /> 'r secured by tS�ia Sewrity Ynstruraeut.whether or rtot then due.The 3Q-day periad will begin ahen the natic�is givcn. ��' °
<br /> Unte�s l�nder and Borrower othenr�is� ag�ee iu writing. any appli�tion of gmoeeds co prinapul shtill uot extend or r�
<br />";, postpone t&e dua dute of the month[y paya�ents mfeaed to in puagraphs 1 and 2 or chsing�the amount uf the paynaents. If �:.
<br /> �der patagraph 21 the Property is aoqui�d 6y Len�er.Boimwes's right to any in�nraaoe poli�[es and pmo2�s tesultitig from ,�.•;::.;,
<br /> ., danmge ta cite Frope�.y prior ta the s�oquisidon shaii pass w Leeder to the exte�t of the sums se�+ared by tiils Seruriry Iasnvmeat �'��i�,:=
<br /> Imme�isteiy pr�or tm tke acquisition. � !���-Y`
<br /> 6.l?�cupsincy L�aa,Fl�datenanoz t�nd�ratedIQ�of the Ptaper&p;Borraw�s Loan Applit�tfon;Leasettolds. ��:_`,'`<._.
<br /> 8orrou�es sAall occupy,'�#ablisPi,aad nse the Qroperty as Barmaer's principat cesidence within fiixty days after the execatian af '�'�� -
<br />`�..� �43s S�rEt�Instrumcmt and s6a11 centinue to aaupy the Pmperty as Borrowes's priIICipal r�eace for at least ofle year after _
<br /> ;•.�, the date of 6ccupimey,anless t�ader othrswi�agrees in writing,wlucb cansent shall nat be�t�sonably arithI►cid,or ant�ss ,
<br /> • j: eatermaung cir�amstauces exist ahich are heyond Borrower's control. Barravr�r shall not destray, damage or impair the ��_
<br />: t; .: �.L'rogerty,altow the�+to deieriorate, os commit waste on the Property.Borrower shaU 6e in defaatt if any forfeiWre ,---
<br /> , • ,' `;ti'�ion ar proceeding,:w;If�l�et civil ar criminal.is Esegun tl�at in Leader's good faith ja�gment,could resvl't in farfeitnre of the
<br />`�,�:.f ''::'.�t+pecty;�'�ctheawi.5e�t�:ially���:�he lien creatted by tt�s�PCarity Instrument or I.ende�'s security interest.Borrowormay �:�
<br /> ;;.}� •ciue su�c�:�:u�faiilt az�°�«a�.�ate,as j�cided ia pa�sigraph 18:by causing the action or pma�,if�g W be disni�sed w'sf�-�i>:t��uling ._
<br /> ,that, in Lender's gaa��3tr��:�.j'.��.W-at�an. ptecludes forfa.ac�of the BDrrower's interes�•srt th�,,,�r^�eartY or e���tut,;.�iai
<br /> ,� y! �pairment of the li�t�Iae�by this Secarity Insnument or Lr�nder's secuxity tnterest. Hom�wer�:.filft'�ui���.,.�'�r�.�{�.�i�� • --
<br /> ,,,;� .13orrower,during tha£�rs�,�i�tplication pmoess,gave�naterialty false or inatc�r'�.ne¢c�rmation or statea��t tra L.x�.�.:r�t*�'���� ='! , •
<br /> � � to provide Leader with.any maYeria!s�ifiamlution)in oonnection with the loan evi�rued by tha Note,incia��'�¢,��.;:r�at�.�bOtt''�.'8 , ,_�
<br /> '`�; to.tepr�nns canrerui�g Si,,:��r's occ�pa�►cy of the Pm�ty as s priaciga!resi�a�e.If 2�[15 SCCUr!f}+T�lSCf'lFttlt�l'✓�'S:nn a =,—
<br /> '.s Ieatehotd:Borcor�er shall comply with all ttce provisions of the lease. If Borrav;ec acquires fee title to[he Pco�y, fhe s.�--
<br />' le��ehold aad t6e fe�dtle shall uot merge unless Lersder agees to the merger ia wrici�. .�
<br /> � . 9.Ptatectlon ofi H.e�dea's�f�hts in tLe Prop�ty.If Borrower fails to{rerfo:m tY�cmrenFmtt�aad a�emsnts coatai�d in
<br /> ..; :':•�,; this Secvaty Ynstiumeat,or there is a le�l prooeeding that may significantly aftecc Lgnder's righta iA ehe ProFErty (sucii as a
<br /> �,.=t .. :• �ooaed• �Uankiu m6uta,f4c t,andensnarion or farfeiL�or to enforce taws oz m�til.3iioas), tPien Leader m�;y,¢o and --
<br />;�rf:; .� P �:�� p�.p . � ��_'
<br />:' '�}°� ,;:' P�Y¢or�i��er is nanessarp to P�rt?�t`-fi�e valua of th$gropeaty�.�W Lende�''s ri�in 4�i�m.�C'mPec43►. Lende•r's u:a(r`ia;��.may.
<br /> °' �' ` ` �•�n�lude paying au�.s�.secared by�a lien whic]i:,as prior.ty u�r�x this ��sicy Ins'tnurlent. aPFeuri� i� �r�.^��?v"�i'�S
<br /> t�+anable auorae�d,.p�.�p�r11d entering on the Y�re�.r�l�So�ma3u�repairs.{►itII�i4s�t�d.e�der may t�act'cq�:i9�C�t��",=�graph ��'
<br /> ' �.1.eude�dxs mc�E�±�a f�s�do so. ••.• � . : . � ,. .,, s t,.;`� : . � �
<br /> `� �,�:. , :. . �'sUalE beaome ad�itional.debt of Borniir�t +' dt 1 this
<br /> i '., 'Att�,��t;�uunts disba�ed lry Lender under t1u,s P�fBt'��;. �� �
<br /> • ,.Sc�urit��r:l�c�ment.Uniess Borrower and I.endet agree tn atlsu�lrtrms of payman8.t7'tese a�iounts stiall bear i�r���`PirD7�S1Q ' tJR�_'
<br /> . ��' '•�.a�of dis�utsett�nt ss the No►e iate and shall b�:�a9aE►ie,.�tvi�iatesest, upon naiice tmm L.eisder to.8atmwir:i�hesting
<br /> ':';PaY�� '• . . t. ..
<br /> . . S.R4origuge Is;�+a:ance.If E.crtder req�in�d�rsc�age ir�ti�as a c�or�diaion of matcing the taan s�issed bY th�as,SecurIry —,
<br /> ,;,,;;.; la�.�,Bosmver sh�Dl puy citES��tiums requimd to rrrjii�7st�n the mort�agc iesuratt��n effest. If, fot a�y t#�tn, the . `r---
<br /> ���'�.' mortga�i�zua�z c�saverug$rquir�td isyr I.c¢�der lapses or oea;�ta.tt�be in efFect.��rmwer�kall pay the premiartR rz�i9�Ed w :t
<br /> `` obtain covsrage su6stanria]Iy equlvafent to the mortY,age insurance pnwiously in effoct,u a cost substantialjy equtva:.��to the --
<br /> • 4�.� eost ta Bormwer of the mortgage insuran�pievinvsly in effeci.from an F►Itcrnate martgage insurer appmved by Lender. Ip
<br /> .,�::j# �ubs4umially equivatcnt rnortgage insumnoe ooverage is nat avuilable.Borrower shall pay w L�a�der earb manfh a sum egual to
<br /> ;,,;' ono-twclBI�of th�yeariy mortgage ia�uranc�premium being paid Dy Borrower when the insivanoe wve�age iapsecl or,,ct�od ro —
<br /> �}1 be in effcrs.Lendcr will aooept.use and reisin these payments as e Coss t�eserve in lieu of mortgage insurance. L�su�r�eyve •—
<br /> �' �orm 307$ 8I90
<br /> ' �:'; D�3ot8 . �
<br /> I:e. • �
<br /> �.
<br /> .,'R ��- .
<br /> , �
<br /> . .�:, , �;, , ' . .. , . ' �• . . . . . . . . .
<br /> ;i�:; � ..� , . ,� . . ::._ . . .. � � ` '; , . . � � � . .. , � .
<br /> .�_. . , , . t � . .' . • . .. ' . ..
<br /> • . � .. ... , �}�• � .. .. . , , : _ . , . . .. .
<br /> . . - . ' • , � . . . . . .',
<br /> , . , , 'n • . � . . ' �
<br /> . . . y. . � , . - ,
<br /> . . .
<br /> _.._ __ __ _._ _.._. ..--- ---- - - -- — -- - --. -
<br /> ,. _ .
<br />- - - -- - -- °— — -- —
<br /> ; y .,
<br /> . .
<br /> . . :� ' • '. . . . . .. . � . ... -
<br /> .
<br /> .,�.
<br /> .
<br /> . , �
<br /> .. . ._ .. .
<br /> ,
<br /> . . . r: ::..� _, � . . . � �.� .•o,'; . i� r. .. . � - . .
<br /> . , a,. .. .. � � • • . . .
<br /> , . ,� ` � ' • '�.. . • . -, ' . . � ..
<br /> ' . ,. '. � . ff4 .. ... . . �., . . • � ..+ ' , _ ._ . .. . . �
<br />
|