|
���
<br /> � � - --- "-=, - - -
<br /> � - - -- -- - -- _,,., _ _ -,. - - _=_
<br /> �
<br /> �^t��:,_....:�._. -----' _
<br /> .
<br /> •, �,c'''� .� �6— �(1�i1.'�
<br /> iuclu4ic�Roasia or flaarfic�. for whtch t.arlrr requim insurance. 'ihls incurs►nnce ch�ll he rtulatainad in the unouncs sad =
<br /> fo��}����l.end:.rreQulrts.7be inturance csnier pravidiag thc insurana ctu�ll be chosen by Borrawer subject to
<br /> L,auicr'o upprov�l which �hatl pct be uareaconably withheld. If 8orrower f�lls to maintaln cuvcra�c dtscribed abave.
<br /> I.wckr�yy. at Ltader'a option.o5[ila cuvera�e to pratcct Lesxkr'o rip,hte in thc Properiy in accordsiwe with p�u'qC�Ph
<br /> 7. _
<br /> All ia�wyacr policiea nnd renewals shAll br acceptable to Leiuler and shall include x standud cmrtgage clausc.
<br /> Lwckr chaal 1►PVe the d�t to hotd ttu policies aad mxwal�. U l,e�uier re�utees, Borrower cha11 pmmp�ely give to l.enda
<br /> all raxlpta of pAid praml�v.ma and reneu+�l notices.In tbe event of ioso,Barrower sba11�ive prompt notiae to tLe iasuraace
<br /> careier aacl t.e�uiee.Lfa�Ge:rr��rt�:,.proaf a!'1a:s if not mui:prompdy by Borrower.
<br /> Ualeu i.essder tad Borrower otherwise�roe in writing.irswance proceeds ctuU be applied to reuoruion or�r
<br /> of the PropertY danu�od. if thr ratontloa or repiir is eooaoailcally fessiblt a�nd Lender'o secudty is not lesreaed. i the
<br /> rcswr�tiw�ur repair is not xoAOinlcally feasible or Leader'h secunry would be lesseaed.ttse insuraace proa�ais ctwll b�
<br /> Rp�lied to tht sua�securod by this Secudry Itutnuneat. whet4er or not then due, wlt�h nny exccss paid to Bormwcr. If -
<br /> Borrower abu�don�the Property.or doe9 aot answa within 30 days a notice from l�uder that the u�surance carrler ha9
<br /> affered ta ceule a cl�itn.ttkse L�eader may collect the insuraace procaods. La�der may use the pro3a sy�wlll be�in
<br /> the Pc�perty or to pay suais cocural by thic Secwity Insuumeat.whether or aot thea due. Tlu -
<br /> whm the aotic�i�givea.
<br /> Unitsa Laider uW Bomower othawlse a,gree in writi4S,�Y APpliculon of proceeds w principal chall aot extead or
<br /> p�stpone the due d�te of ttu nwnthlY payments nferrc�d to in par�grnphs 1�ad 2 or c�age the sunount of the paymeats.If
<br /> un�kr partgrnpb 21 the Propert�r is acquired by Latider.Borc+owet's right to any intumace policies aad prnceeds res�iltit�
<br /> from e to the Propaty pr�nr to the acquisitioo ch�ll pass w Lwder w tbe exuut of the sums cecucod by Wis Se..�unty
<br /> Iaunm�unmodiudy pdor to thtacquisitlon.
<br /> 6. Oocstp�ncy. Pt�e�ervatloa. Mainteaaace oad Protection o[the Pro�ty, Bon�owa�•o I�os�n App�icadon3
<br /> Lea�oid�. Borrower sAall oa.�upy, essabilsb. �ad use the Property is Borrorv�r s prwcip�l c+aicieace witliln suty dxys
<br /> aRer the eaocution of thls Security Instrumeat zad sh�ll continue to occu�y ehe Pro�aty as Bormv►er'c principal ra3deaoe
<br /> for u leact one yar sfter the date of occupaacy, unlas Leader otherwise agrxs m wrlting, which conseat shall not be
<br /> unre�oaably wltrheld�or uWas exuau�ng cim�t�nces exist which are beyoad Bormwer'c control.Boreowa ahall a�ot
<br /> deatroy� d�m�,ge or[a�pair the Pro�ert�+. �11ow the Pmpaty to deteriorate. or wmmit waue oa tlse Propert�r. Bon+ower
<br /> shaU be in de�wlt if say forfeiture actioa or pmcaefliag,whether civil or criminal, Is ixgua that in I.eader's g�od f�ith
<br /> �udgment oould mult in forfdture of the Pmprrty or otherwlse m�teriilly impair tbe liea cnued by tbis Security
<br /> asuument or l�eader'�rxun interest. Borrower miy cure such a default aad cr3nsute,aa provided in parqgrapb 18.by
<br /> caus{n� the ac:tion or p .t' to be dlsanissed with a niliag that� in La�der'c good 4itb determinstion, Prxludes
<br /> forfature of tbe Borrower's intetrst in the Pmpaty or otma�uateri�l i�rmeAt of the lien cre�ted by this Security
<br /> Iastn�maot or Lwder'i sa�urity interat.Bormwa sl�ll also be in defwlt if rrower,�tLe loan application proass,
<br /> �ave mua3ally f�lse or in�oc�uue iaformuion or stuemmts to I.eader(or failed to �rovjde lsader wrtb any m�terial
<br /> uuv�tion)in caanatioa with the lwa evi�deacod by the Note.including:but not liaruted to. tePraeatatiuns coaa:ua' S
<br /> gorrower'e oa.�ao�y of the Prapaty as a princlpal nslckace.If thit Secunty Iastnimeat is on a leasehold.Borrower rha11
<br /> oomply witII ai�the pmvisioas of the Zease. If Borrower acqulres fce ti,tle to the Propaty. the lsas�bold aad tbe fa title
<br /> �h�mt mesge ualess L�eader agroes to tbe mergsr in writia�.
<br /> 7.Pmt�ctlon ot I,eader'c�ti�IIb in tLe Propaty. If Borrowu fails to pafona the oovm�s u�D a�s
<br /> eoa�ained ia thi:Security 1a�tiumeae. or tba+e is a le�al prc�coeding ttiat msy significaady a�'act I,eadsr's r�hts in the
<br /> Pmperty(sucL a�a proceeding ia baniccuptcy.Pc+ob�te. for 000demn�tion or firf'eiwre or to eafora laws or ngul�ttone).
<br />- thea L�md�er miy do�ad pay for wh�teva is nocescacy to pmtax the v�lue of the Propacy �ad I�eadet'�d�ia the
<br /> '- '- ---' .0 :r.ir .rw.'v�i v� i. Z'..�.. �'2!"a` 1�� e,w nwr th• CAOIritv
<br /> - 1'[�OpQiy. LemCi s a�iwi iii�� uw.�iiuc !'sf� 1 ^r�'---'_ -- -
<br /> 1n�tn�meat,a�parlag in court.pry�n8 ra��aaabk attomrys' foa aad wteria�oa the�mpetty w m�Ye repsiro•Althuug�i .
<br />- l.eader may talce xtioa uada tlus pu�a�r�pS 7�l.eader does aot have to do co.
<br /> Aay amounis di�uisod by L under this p�qnpb 7 sh�ll become additional deM of Botrowe=sxuned by tbis
<br /> Securiry Iasuvmeat. Udas Borrower and L.ender agrx to otha tams of paymeat.thae amouats shtll bear intenst from
<br /> the date af disbw�eat u tl�e Note nte aad sh�Jl be pay�bk. wiib iatarst. upoa aotioe from I.eader w Botimwei
<br /> �8,1VW�e Iawr�ace. If l�eader requirod mortgage incurrmce�a oo�lition of milciag the loaa cacurod by tbit
<br /> Seauity Iasuumeat. Borrowa sh�ll pay the pKmiums csquiml w mainWa the mattgage iasur�aa in effax.If,for any
<br /> :e�wa, the moctg�e iasurince wva�ge required b} 'f�der l�psa or oeases w be ia effect� Borrowa s�Call pay tbe
<br /> premium�zoquired to obqin oQVUa�e aub�tantiallY equi�'�leat to tbe mo�tgage inwr�aoe pe+e��iausly ia et�ocQ, st a oat
<br /> snlxtaoti�lFy oquiv�leat to tbe coat w Borrowa of tbe m�ottYage iawsvaa previou:ty ia effxt,f�rn aa alumate mortYage
<br /> insiu�a app�oved by l.eader.If subwaa�il�vakat mortg�ge iasuraox covuage is not ava9labk.Bormwa s�ll pr�►
<br /> w L�eader ach montb a sum eqwl w of the Y�Y��8��P���8 P�by Borrowa wbea
<br /> the i�au�nce oava�ge lap�ed or ce�ed to be in effea.l.eader will accepl�use aad retaia these paynYats aa a loa naerve
<br /> ia lku of mortgage inwrmoe. Lo�reserve prymeata miy no looga be raquired,at the op8oa of I�eader. �f mu�e
<br /> ianiraace coverage(in thc amonnt and for tLe period tt�t I.eader requira)Provided by �n insura appruved by I.eaRler
<br /> agsin becam�+av�il�bk and is obtiiaed.Bormwa aball pay the ptr,�minaos required w m�int�ia moctgage iasurana in
<br /> effoct, ar ps anvide a lou r�save, uatil the reqairemmt fu moct��e inwraace eads ia acconl�oce witli any writtea
<br /> a�roe�oeot�swaa Borrnwa and Leader or applicaWe law. fona 902� �fp0(P�w 3 or 6J
<br /> aw�c srsrw�a r+c,sr.uoua.�w asao=a♦owa�-2�n ro�w uo-��un�
<br /> :;
<br /> #
<br /> i
<br />. �
<br /> �
<br />�� -��_-.�,. . _-_
<br /> __"—..-_...^ -. .�.�. __:_._..y, . .�-r---�-•.•—•�------�'-•-.�---.-....--^.--+�-.r.-vv.---�..F�+re-v�f . .
<br /> __.- '-- . _ .... -`^^ n��. . .. - ' . .��__��.,.._____�._�
<br /> � . . _.r.s,ra►__s. .. . _ . ____- _.__._ .-.-.- .._'. _ . ""—'___ ____._. _
<br />
|