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<br /> S.Hazar�cr Pro�ty Inss�raQeP. Banower sL21!keep the impsmvements Qow cxisting or hereaitrr ac:cted on ttce Ra�ty ` , � :.�,,
<br />: intur�d s�nst ios�by fue.h�iaclud�l within the term "a�ten�ed covemge"and�ny at�Qa harards. including f�aadg or � � . . ,�,
<br /> Qaading.faQ whicTe Lendra�equiRS insumase.'Itri�fns�ua�e shatl t�muintained in the amounts end for the periods thJ Lcader . . . -�.-. ,�I�$;,
<br />.�. reqnhes.'I�ias�eaance catei��rovid'mg th$insurance s�all t�e cdto�►by flo�eower subject tm[�nd�e's uyyrovn!which sba11 not . . .,_ s_
<br /> be tauq�anzbll► witht�td. It Hattowea fsiils to mamt� ooves�e�`,d abmve. l�end�a may. at LenQer's aption. obmin ' <` ';.�.. �;'�' ;`_
<br /> . wveiag�to pmi�ct I.sad�a's righcs in the Prapzscy i�aoo�r�aace adth p�a�uph 7. ;'< „ -1
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<br /> Al!i�suraaae p�ol�sczs end eenewals slu�U 6e�te to[.emder anA shall iaclude a standatd martg�e clause.I.�der shaU <:�. ,- . - --
<br /> _ hace the rigdt w haid the polisies and r�nawais.If Lend�rWuires,�aaawer shall pm�ilY give co Lend.�a all rereipts of paid . .° ,. ,: �. . r-
<br /> , pranIums and r�nswat autices.in tha ev�nt of tuss.�oaonrer s&a.0 give psostyt natice w thL��se�aad Le�r.LEnd� - --_.- - -,
<br /> � may mak�pmof af Wss if aot�a Fmmpdy Dy Banower. • . –
<br /> U�F�ss lrr.&�rr.�IIntrac��athac+ntx ap,rc�in writuiB�i�s�r�n�e Fmce..�da�mll be��lied ts restoratinn ai repaa of the . . -
<br /> Fmpe�ty du�gEd.if tha cBS'mrniion ar reQt+ir is eoonomically fe�'b1e aad Le�dar's s�a�rity is nat tess�neA.If she cestn�uio�or .. � - -
<br /> m,�ir is r.ot�oomomi�liy f�18 or L�de�'s se�auity wonW be Iess��d,the inc,u�noe pracceds shall be spplicd ta the sums ;�>..�; ,,�:;,�:,;�;..: '
<br /> seaited by this Sa�iry tn�uaneat�wheih�or not diea due. cv�h aaY excess Faid to B�rawea.If Hmrmwer abtuidans the ,.. .:.t:,��.,,�-��,:
<br /> Ropaty.�does not ans��with3n 3a dnys r►natice fram Ir�dca tbat ihe in�anoe carrier h1s uffered tm scute a ctpun.ti�n ..'�° ��:
<br /> ar testosc ttte Pr�p�sty�w pay sua�s s� .`�����j
<br /> I.e,�der may on�the infamnat gteoe�ds.Lendea ms�y u�thE prooeeds w�alr ,�-``:"��'�'
<br /> � by this Saauay Insuumcat.ar�ether or ant theae due.'Ihe 30day prriod m'I1 begm when tLe notioe is givea. _...;;-=
<br /> Unkss IRader aad�otmwer otbeswit�e s�ree in wrnmg,anY eFPli�ion of psoc�ls w primcipal s6aII aot a�d or postpane ..:�,::"�'=.s�--�'-
<br /> thr,dus date of IIIe mant6Iy payme�ts refa�xed to in parsgiaphs 1 and 2 ar cLan�t�e amaunt of thee paymeats.If ander pazag�,ob __ '�'��``
<br /> 21 tLe Fropeity is avq�ed by Leader.Bo�nczva's righi to snq insataace policies aud pxoo�eds resulsmg f�m�e to the .�"t:�R`.:•�:,•��
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<br /> �F�Y P��the acqai�a shall�ss w L.ender w t�e ex�at of the suu�s sc�ed by this Sesaiity In�t immediately ��,."• �,.� -�,--.
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<br /> ptior ta t�e scqaisitifln. ''''�- , . -
<br /> 11N�inteoance and T�t�earan af tt'�Pra �oa�+ac�rer'a I.oan Elpp�aSBFss�;�a1ds. . . .:�
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<br /> � Flonow�st�211 oocupy,establisb,�use che Prager�j as 8mta�vds prmcipal resdeuce ariSua sixry d3ys ai�et the exs.ca�nn of �-:'�=i`�"'�� ,. ..�
<br /> � thig�uriry Iasut�at and shaD cant�mne m oaupy the Prapaty��armwer's principal�sidence foz a2 least oue ye�ac�tbc :F�'� _ — ���.�
<br /> date of ocaipanry.uv2�ss Leadzr otheawise agreag in amin8, which oanseat s1�a11 mt be�m�ably wUhPeeid.or anS� ;�;_�'� �
<br /> �`' ' ext�►naz�g c�mstaaees e�cist arhich are beyond Boa�eJ's cantco�.Bmrowe:ahaD aot destfoy.das�ge ar�the P�PettY• �' ;:�,� ,:' '�-�`.`t��
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<br /> • albw the Prope�ty ta dd�orate.or ammm4 wastc on the Pmperty.Bamawer shaU be iw defautt if�►y �e actioa az �,;• '.z
<br /> Fsoo�dmg,w�eil�er civ�ar caunu�l,i�beSun that ID Lcatdds good faith judgueait conld re,s�Ii'sa for�'atiue oi dce PYape�ty� `':�.
<br /> that
<br /> , oti�wisa materialty�pair the tiea ar�by this SeQUity Insuam�t ar L�ender"s se�rily mtcaz�t.Batrower may cr�sac�a •.,�'.� ;;.-
<br /> , defanit and cdnstate.av pcovidetl in P�ag�aPh 18.by c�nsing t�e�nn or p�eed'mg w be dis�missed wub a ruliag ET�.ia 3, ;-. .
<br /> • I.eudd's good fait6 de:�rm�nn,�Cect�des foife,�e of the H�masrar's iat�€in the Aoperty ar aikes a�arial�mc�t of t� �_
<br /> the tiea�by thi�Seauitq IatGumeat ar Leudar's secur�j►�.Bo�rowez s h a l l a L s�b e ia d c f e u l t if Lr6taaatea.d m�B d�e �•�.'�` .`_
<br /> :`• taan applI�Tiom ptaoes�,P,uve mt�i¢��;+�aLe ar inaoauatc a�f�n or smtemc�ts w Lendra(or 1Fa�ed w pcavide Ie��vui3h .� �
<br /> ,`� sny mataiel iafaiau�tian)in came�xia�s wba d�e 1�evideaoz�t Fr� thn Note, includi�g, bvt�t timited in. �a�s �
<br />`=s;� ;' oant�aing Bonuw�s aacaps�y of dvB Praprny as a prinapal�,oe.if ti�is Seca�ity Insi�ent is an a I�Itotd.F�sxewer _ ;'? . .. _
<br />�; ` shaD oomply w�aD the praois'sans of the t��If Barmwer�luae.s fez 6tle w t�e Ft�npe�ty,the�easeho�d aad the€ee titie shaII �°• . .°:-:` ;.:
<br /> � aot a�ge anless Letcdez ag�ee,s to the merger in wridng. ._,°� ' . `'.:."`-<.
<br /> �.,`; 7.Prota�iOn oiLender's Itights in the Prape�ty. If Bomawes fa�7s w�erf�m tbe wvenants and agcecmee�tts ooatamed'm ,, ���.,�:�„;:.:t�
<br />;ia:': this Sa�rity IasunmeaL�ttu�e is a legal Pcocealmg thai maY si�dY affect Leadet's rights in the Fn�arty(sad�ac a �..�__ -:
<br /> ptoreediag m�aalQUgtcy.groba�.fat condeatmation ar forfeiuue�tn enfa�e laws at regaisstiac.�),ths�Leadea tnay do a�A Qay � .,� -_ �_
<br /> for aLatevu is necessaiyr to pratect the value of the Property and I.�dds rip,hta in the Prope�j►.I.endrr's acdons maY inc�ude .;�ra; "�''
<br /> ' P�� �Y � ��Y a 1i� whicb has prlority over this Setauity v�+,r�m .2�,- �8 � ���ym8�� �'�`-
<br /> . atmmeys'fces aad eaterm�on the Properry to mak�repairs.AtEaough l.eader c�p tage�coon ander t�is�b?.L�+ier ' '�;,__t�-.
<br /> does oot havF to do so. • - :�� ` �. � ..
<br /> _- Aay amoimts d3sbursed by Leader oc��u�!ar this parag�aDh 7 sh�.i h�ome add�ional debt of Id'�w�r sec�.^ed by this Sec�uriry ��•"`-�;',_,r,!l�.rti, ,-� =' -
<br /> - Insw�at.Unl�ss Bairawer and 3.��cr a�ee�o ot�er tams of gaymea��hese amoant�s1��sear m�fmm the date of �;,�,'"`�'`�.. _—
<br /> �.�- -
<br /> . dissurseme,�t�t the Nase r��a�d st�1i be Fayab2e.�aii�i�taest,upon notice fmm I.eader w Bormwer rcq�g paymeat �°� -"� � ._, .. :._--
<br /> . . S.Mart�age i��r..lmr� L:�;,�ceq�daed aa�age ensurar,ce as a condition of mal�tng the laan aeaued by this S�r _- ��� .._
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<br /> . InsnUmeat� Bclaow� 5�3 h�'s' �=l�s�lIIired fD m�;nr�T� �m0it$e$e�Ce�eHOCL If. far mly IeaSOn.ThC
<br /> ":` ,: ma�ga�e ins�mce oaver.r�_r�'�sT�c li�Lee�dea lapses or c�5c.�a u�be in effect.Bormwer r,�ul�PaY�F��4�� . ;r,
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<br /> ob�in covelage sabstantiti�y eq�+��t co the mart�;,;e msar^�..ca�eviavsty in eSess,at a�subslaatia�ly equivata�t tn the �;�;_.. .
<br /> cast to�amwrr of tfs�mr:�.gaige iasivance yreeprn�:y in effea,from an alt�,�t:�te mo�ge insurer aypmved by Leieder.If _. . . ,,. ,. �`
<br /> su b s t�►t i�i t y e q n i w a l e a l m x t�'.$a g e i n s�c e c o v e r a g e i s n o t a w a;I�i s�,B o m n a e s s�a l l g a y w I.e u d e a e,z c b c n o n t h a s a m e q u a l t n �„�,�.'„ . �
<br /> '}'fy: �, ,-.
<br /> on�twelft�of the yeaty mo��ln��nce premium 6ehrg gairl is�Homawer when the ia..�u�ure covauga Iapsed ar a�,�ed to _,.�^,y.,.:;,. _ __
<br /> be in ef�'a�Lc�da will��u�und retain these yayma� as a loss rescn►e in liea of e in.�nmmoe.Lass��esve ;•',W�.-.�....
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