|
` . _ . ' . . .t . _ . � _. . � • , - ,�-` � , . , . � ' . . - . . ... � . ._.�� `--
<br /> '�--..— --_. ' �.--'��.----`-- ---�-�`—_...�_�...�.��..—,.--'.-� - _.. - -� �. .
<br /> � -•�.�.�� - - . ' ..
<br /> • ♦ �� ����� �� �'.�., �, • -
<br /> �.�M�r Pro�9y prc�annm_ BoYSOwer shall lceep the improvemeslts now existing or hereaftcr er�,ctEd aa E�E Pev�ty --
<br /> <:
<br /> insured$g�nst tn�by fae.harards iacludesl ivirhia the tecm "act�ad�d ooverage" and any oth�h�s.iardud'a�g ftaads ar • . �
<br /> ' IIaoding,for whicb Leicder requues insuiance.'lhis insuraace shall be maintaiaed in the amo�ats and for the pr�iods tLat I.eudea � . . J• "-,
<br /> req�ires.'Ihe ms�sanoe carrier ymviding th�insurauce stral be choszn by Bo�wer snbject to Leuder's approval which shall not �' _ ._
<br /> be unreasanably withhettl. Tf Boxcawea fa�s w maiatain cove:age descn'bed abov�.Ieadar may. ai Latder's optian. obrdin ��. , -
<br /> cover�,e to graieci Lend�'s ri�ht�in tlte Pmpeary in mscaidance wiW paiag�xph 7. ' • ; ' � .
<br /> . �lll msurance policies and rea�ewats shatl be aoceptab2e w I.ender and shall inctude a standard moatgage clause.I�der sball � �
<br />,s � have the right m hoW t�e policies ansl reaewals.If Lender reqiures,B�arower s1�all promptly give tn I.cndrs all r�ts of paid , •' .
<br /> - graaiums and�►swal ua�ices.tn t�ev�t o€t�s,Bortower sisati give promgi aotice tn the insura�ce carrier and d.e�dsr.i�uder ---_-=_ -='�=.-
<br /> may maYe psoof of iw�if aoi rnade prompdy by Borrower. �. • �.
<br /> Unle,ss I�eudea and Bomnwer otherv�ise�in writing,insuTaaice Froceeds shall be applied to xestar�un ar�taa of the -
<br /> ��Y�S�d.if t�e resmration or re�air is economicatIy feas��e aad Lendcr's seauity is not les�aed.If the�on ar -_ ----•
<br /> repafr is not eoaaamicaIly feas�Ie or I.eader's seasity wonld be I�ed,the insnrance gince�ds shall be ag�Iaed t4 t�e su�s .—.- .�- ;:<e:_ _
<br /> secuced by t�is Secvriiiy in ,men whether or nnt then dne,wrth�}+excess�aid w Bo:mwer. If BQSSOVter abarzdans t�e f•., �_-'. :
<br /> r..-, :. .-.,•��.:�: ,
<br /> Ptmpeaty.or does aot ansr�er within 30 days a aou�e fmm I.ender tbat thc�*+�„an�caaier has offeaed m sr.�a cia�rl,tl�ea .��f'�:` ' _'
<br /> ' I.eadei a�ay oollect the ins�ance proceed.s.Lende.r may use the ` `� "�a � ..-�.
<br /> by stus S �oc�ds w repa'a or ae�rme me Progeaey or m pay�ms se�ued
<br /> ..� �►Ins�ame.n4 whetLri ar not thea due.lhe 30-day p�riod will begin wheai the aotice is giv�. ,'"'..�?,,:=��`.,:{`���-�
<br /> [Jnless I.ead�r aad B�a�wer otherwise agree m writmg,any agplicatinn of praceeds to griacipal st�a31 not extend or�,vstpone ,�.�-;.�• .
<br /> t h e due d a t e a f t a e man t�►I y yapmea�ts r e f e u e d ro in p�agrdp6s 1 and 2 ar change the amo�mt of t�e paymeatg.If under paragraph .
<br /> - 21 the Prope�ty is acqnired by Leader,Bomawer's right m any ins�ce policirs and pmceeds a�snitang from damage to the �. 1_�..._ .`. ;�
<br /> • �,�+� . _
<br /> . P�opc�ty�!o the a�on shall pas4 to Ixudes w the extrAt of the sums se�ae�by ttis S�►Ins�t immed'ratety ; r : ' ; .
<br /> : jRiQr W t2SC aIXjOLSiII�On. , � ��f�,,, ,��r _
<br />� <...�. 6��lrfLXi1�WYlRII2T124PO�P�.�rill�W Wi��Y� YV1lYAQ S � A�J�IiYYfY�a�QB9�IYlL�O. - -�=4�-�
<br /> - Hoaowee sball ocaupy.establish.aad ose the Pmpeny a4 Baaower's prmcigal residence wilbis�sucty day3 af�er the execution of -; �-=r�;:'•`=`'
<br /> tlus Seauiiy�nsuu�mi aad shaU oontin�e m the ag Boimwer's � • f�'
<br /> � �Y DriQCapal reside�ce f�at�s eue year�..�:..�e �.�,��. ' L_,.�.:_
<br /> dat�of occupancy,u�Lendts othera+ise agrees in aririag.�vhich c8nse�t shall aoi be anreasonably wilhhsId.cu� - _ .. :we-�
<br /> . � e�auar�g caaimst�e.s exist which are beyond Bmrower's cantroL Ba�row�shaII not desuay.dama8e or' t�: `'.:' ` ��,
<br /> u�►Pase L�4`'r�1Y• _ ,.
<br /> ..� aUaw We Ptoparty ro deterioiaf$,ar oommii vvas�e on the Pmpearty. Bonower shall 6e m defaul� if any f�feis�$�ian or -_ -�..;,,. ..•.
<br /> �, P�B.wh�civil or caimmaL is hegtm that in I.eaGer's good faid�judgment co�ld resWt in forFeanue af the Prop�tty or
<br /> . .�
<br /> . othesarise mateeialYy impaa the lien c�ated by tbis Sec�riiy Iastrume,nt or I�der's secmrity iat�st.Baaower may ca�e sacb a '�•a ;
<br /> de�'auIt end remsmte,es ptovided'm paragregb 18.by Causmg L}e aCtiotJ Or pmceeding SO be dicmiare�l��g��,�
<br /> I.eader"s good faith det�rminadon,DrecIndes farfeitrue of the Boaowa's mt�st in the Property or other matelial' of -�R~ `� ..
<br />` �::. �
<br /> the tiea created by this Seauity Instn�ent or Lem�a's serurily inierest B�cawer s6a11 aLso be in defaalt if Eaxro�srcr,d�g t�he ;t . -
<br />• • loan application groce.cs,gave miaterially faLse��szus:�.*ate information or s�ts to Leuder(or fa�ed oz p�-svide Lerider vs►ith � ' J� .
<br /> ' ��Y_.
<br /> say mat�rial inf�n:�a connectinn w�h �ua�e evadenced by the Nc�:,incloding. bat not limir�!�, repmese��ns `;� :-_
<br /> � canoQamg�mmwes's�,:�ancy of the Pm�erty ss��rui�re�dence.If this Sec�uity Inst�eni is an a Ieas$ho1d.B�xavrer ' .
<br /> �P Y �dns af tha lea4e.If B�mw�a��v fee 6t1�e to t�e A�pezty.dse leasehald aad e�fee mP,e sh�if �: . ;:�,: i
<br /> sball 1 cvit�aIl G*�e q �'Y�.`�
<br />. Qot mecge anles4 Leader�Zers w the merger in a�ritiang. --
<br /> ?.Ymte�on of Lt�xr's IItigbts�n t6e�. If�ormwet fails ro perfaim t6e onveaanm aud a�emeum canramed'm .w _ .-
<br /> /: %t�:....
<br /> - �8�CCtliinl TII.`iliUlIlCflt,Of f�1PlC IS 8 TBgB�P40C�3�t�19t ID3y SJgi11�8At1y 8ff0CL I.P�dei�3 Z1g�1L9$1 ihl!pfaQfitSl(SQCI!SS 8 ' ,
<br /> `.. ,, P��m�1�P�Y,D�bate.faar aondemnatian ar f�feinue aar to eafo�ce laws ar zcgutat�ns?.thm I.ender may do sud pay - _._..t�.•
<br /> �,•.`.� F�w1��a aeocsgazy to pmiect this valne oY the Froperty and Leader's rightv in the Prapelty.l.eader's acdans may iaciude -
<br /> �. . � PaYmB �3' '�s sec�ued by a lien which has�riarity over this Ssc�iry Inspumeit�apPearin$ in eou��8�eaSaaable Y��`.
<br /> attotaeys'fees aad en;�.r�g on the Pbpecty to m3L-$repairs.�ilthough Ieader may taYe action aoriei this p�ayh 7�Lafdei — -�-Y,_
<br /> ' does twlAave[o do so.
<br />. Any��disb�sed by Leadea�der tbis para�b 7 sf�aU become addirioaal debt of Baarower sacsu+ed 6y tLia S�ity - - -
<br /> inmr��JnIeS9 BOnOWrr ead I.er�agRee to othet 4�n.9 Of p^symmL these 8motmis st�ail bear iuU�est fmm d:C detC of _.
<br /> . disb�at the Note iate and shall be payable,witb mtecest.upon notice fmm I�d�ta Bortawer r84�8 PaY� ��}*--�'"'-,'.�=;.r:
<br /> � S.1V4a�ge I�ranc� �f Leuder required martgage�as a oondidon of maaing the ia�n sec�ed by this Seauisy ��-t�� �--�-
<br />_ L�umm� Ba�now��71 pay tho premiums ttq� tn mamtain the atostg�ge insutaace in e�'ed. I�for any t�on. the ,�n.a
<br /> ��—'.:J. �
<br /> •� mort��ance catiaage required 6y L,ender lapses or cease3 w be in effecl.Bormwer sball paY�P��m � :'�:�."
<br />���� � obtain oaa�;e sobstanti�ally e�q�vaS�at:q fhe maxtpge insu.�uc�:previousIy in effsct,aa a caxst sabstantiaIIy eqnivnte�t w the �f • - .
<br /> '' cost to Baamwer of the mortg�ge'cT:�u�;,ce pxv:uusly in ef�'xT,fmm aa altcmate moe� �.svar�t :'"`;�:"
<br /> subsr�utiall , �+'� `" �y�bY Ir�►der. If �`:
<br /> Y equivaknt mon88Be ms�aace�rr��not available.Brnmwa shall pay Eo I��r e�etr montb a sum cqnal w '._:�
<br /> � on�twetfth of tbe yearly m�tg�ge ins�uance�si�m iheing paid by Brnmwer whr�the�ce ca�amt�tapsed�ceased to _
<br /> : be in effact,Leader w71 acay�use and m,tain�paysect3�s a lnss resen�e im liea af�crtgagc ia.samanoe.I.oss reseave �..."�`'a �- .i
<br /> .�.,-�.� —
<br /> Forin 802i�/DO ��- -_
<br /> �j -BH(�!L•7(�'1tz).ot vap•zKe rnivatr. _ - °���-
<br /> , y ,��_� i ' � -�:=�'.�`
<br /> � • .I Y. _•-
<br />- 1 S, • .
<br /> . ' ` . ' . . � .. . �,' � - . �- � ' � 1
<br /> � � � • �+' • •- � ' . . - � � . � . . • ' . ' � . •' ,.
<br /> , _ - . . � . � . . � . s..
<br /> . . . . . . . � _ � � �. . • . , . , . - F:.:.
<br /> _ ' _ . ' _ . _ . . - . ' . � . . "j.' . . . .. _ .. .�.
<br /> . '. . . ��_ . ., . ... . . �
<br /> __.__""_. �.n1..�_.�o�.�..�...�._---�'-�..r�..�.�.�._..�_�_.. . ....._.�.._..�-...��.���_...�—�-�.—r�--�...--�--�t�-��-�. -�-�+n...-.. . _.�.'-. . ' . _- . ' • .
<br /> __'._.... . . . . . . . . .�' _ . . . .
<br /> ' � ; . .._ . .`t . � •" • � ,�— ��� . .. �•' .� : �t • .
<br /> . � .. �.•ll�i .. .. • _. . . .� �� �� • ' •
<br /> . ...l• � .. ... - .. . .. . � . , . � . � ' ., t .I3 � � . ' . •. ' .. . � - • • � . ' . . ... .. . . ' . ...\-. . - .
<br />
|