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<br /> S.E��ra or Pmp2rty Iasaranse. Bnrmwei shall lcee�t�e unprovameats naw existln��or keaeafter e�ested on the Pragerty � ���•
<br /> insut��in.st loss by fire,h�ds inclu�ed wit6in tl�e tesm"exteaded covea�ge" and any other ha�ards,includ'mg tioads or =_ _. -�-�
<br /> ��. :
<br /> . Qonding,for which Leuder requir�es insurance.T6is wswanoe shall be maintained'm the amounts and for ihe periflds tdai Le,ader • � ..=-�.*�,,,;
<br /> requires.'t�e insuiance c�uria pmviding the insurance shatl 6e chos�by Boaower subject to Leader's agp�val which shall not , . 4° � " • ,
<br /> � �s �.�5� -
<br /> h:; b� unreasanably withhe2d. If Homower fa7s to mainmia ooverage descnbed ahove, Lender r�nay. at I.end�'s option.o6tain , • • .
<br />� � ooverage w protect L�der's rig6ts in the Property in aocordana with paragapb 7. ` �_ 4.
<br /> ` � All uis�nance polities End reaawals shall b�aoceprabte tfl Le.ndea and shafl incIude a stand2rd mortg$ge clause.Laader s►�all �-- - -_� ,:�-;. ':
<br />. '�" have the right to Go►d txe policies and renewals. If Lender aEqaaes,Bmauwer shall P�►PUY BiYe tn Lender ati receipts of paid � '. . • �
<br /> premi�ams and renewal notices.ln the event of tass.Bormwer st�aII give proffipt nadce to the insuraace casriea and Lendra.Leader � . � � �
<br /> eaay mafce proof of Inss if�o�made pmmgtly by Bormwer. .�';: •��" .;' '.�� '_
<br /> Un2e�Ir��a aad Bono��o3t,erwise sEree in writia�,ins�uanoe praceeds shall be apglied m rest�ratian or�epair of the `�'.�_�: ;�.�_ .°
<br /> �P�Y��8�,��e�o��is economic�tly fea�'bla and Leuder's seciuity is not i�sened.lf ths ceswration or :;:_,��k:_ :. . • �
<br /> ��i repair is not�y fea��or Leader's s�s}+wanld be le,�seaed,the ins�ance praceeds sda116e applied to the sams ;�`.`, , �"-.
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<br />. setu�d by t�is Soa�i,y Iasuu�ea3.a4iei'b�o�n�t thea due. vrith sny exoess paid o�Barcower. If Bomower abandons the ��:��,��.��.��
<br /> .�:��� Praperty,or d�oes�:�v^wgr��ia 30 daya a�t�e frem I.euder ttsat the insuiaace caaier 6ag offcced w seffie a cla�,then ��.: -Y, �
<br /> � Leader may coi:ect t*e i�oe p�aceads.I.eader u�y nse�ke pmo0eds w repair or restore the�roperty or w pay sums sec�ued . ����-,_��
<br /> . by this ge�iry In,cn,��+ whetr.gt or not then due.�he 3{I-day periad an�l begin wh�n the notice is�ve�. .:,�<,- '
<br /> ' � �4•ffi9 FPP� W� P�� Posq� "� �;�--.
<br /> , •� Unless i�i aad Bs�ower othawise in on of tu shall not e�d�Qr ne ;,,,,�;�,� �.:.�.1
<br /> the d�date af the aaonthly payme�uts refer�red eo in parag��s 1 anc12 c+�change the amonnt of the payrt►aatg.If a��parag�apb Y�'��:�_
<br /> 21 the PropeRy is acquired by Leadei.Boaower's right tm auy �ce policies and proceeds resulting t:om dapnage w ths �.���ri;�_.
<br /> ! Ptoperty p�iaar t�the a�n shall pass to L�dea to thc eueat of the sums secured by this Secariry Listrumeat nmmediatdy '.`;:�•. F�—r'�� ,F
<br /> ' ' pru»r W the acq�isidoa `;���s ;.��=_� _ _
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<br /> ��P��'9s PI'GSl1rv�IIaCti��M83IIt�II��IId Fi'1Ib'csC3''oII Of the Pto� BoTmweT'9 I.mn Appl�t�tfa�;y..CBS@hal�L9. "e:,a.o��,.ra��-,-
<br /> •�i Bonower sball oa:apy,esEab9:s�.aad use t�e Propaty as Boaowea's�1�ce wiWin su�ty days aftei the eaetutian of " ',4;.� -.�,_
<br /> , this Serauity Insuumeat and shall oonti�ae s�oxapy the Pmp�rty as Bairower's priacipal re9deuce far at t�ast one year aft�ex the „`` ��' .�.��-.
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<br /> date of ooa�parzcY, anless I,ender oth�vr�F,geees i�Q.sa�mg, which cansent sha21 not be�rrreasonably withheld,oz un1�s - �--., ' ,.r;.v� ��{'� `
<br /> ,geees
<br /> : extmuafing cur�slances e.�which are beyond Bmrowars wntroi.Bonower sball not destmy,darnaBe or impm the Property, .�,�-'�"�'�•�"�''��.��� .
<br /> . . atiow the Propelty w dei�, m commit wasze a�t� Property. Bonower shall be m default if any faaf�as�nn ar �,�:{.E� '��,F s,• �`E< .
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<br /> proceed'mg,whether civil or c�mal.is begun that w I.�d�er's gmod faith judgmeat conld�vilt m farf�e ef�e Avper�y or ;t,y •���,' ;`.fF�,;;t,�f•� ,�:.'
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<br /> " ott�avvise matarially uapair die lien created by tbis SeQUiry Ins�umeu�ar Leadu's secarity interest Bmmwa may cure surb�. ��•' ��'` `;:,���'r '���.�''•.'_
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<br /> � � default and reIDS�ate,as provit�ed in�ph 18.by a+us�g the accar�n m proceed'mg w be gn�.s�arith a�vling tLat,im �;:'{ ,Sa„ '� ,; ,
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<br />� . ; Leadrr's good faith de�R�s�_,ra, p�eclndes forfeihue of ths Bamov�ea's int�ezest m tbe Propeaty or ot�er mateaial lmpaitment af ' �;��;'�'' ' ��.i��.
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<br /> ;. the liea created by this Sec�mity I�t ar I�endea's seaairy interest Hoim�ver ahall also be in default if Hmrower.daring�he � �;�.,., ,�- :�Y=.
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<br /> ! lnan application pncess.g�maTariaIIy false or inacctu2te iaf�a�on at statements to I.ender(or fa�ed to ptovide Leader with
<br /> � �'•i aay m�taial ir.��ration) in caaneGion with the ban evi+denced by tbe Note. �clndmg, but not l�ited w.represeatatians ,' �
<br /> concetning Bam�we:'s oa�pancy of the Aopaty as a pri.�eipal residaoce.If this Seauiry InYtrau�cat is on a 1�asehokl.Bor�owrr , '•,��:ti�
<br /> sfu�U comply aitt�all the pmv,isions of the lease,.If Boms�r acquffes fee 6tle to�Propesty,the teasehold and the fa tide shall �� ' � "'"' °'��'
<br /> aot e tml�ss Iruder age�w the mer ez a�wridn . �`
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<br /> �� 7.Pra��of LeudeT'8 Ri;1a�in tQe Pro�srty. ff Hamowea fails to pafoim tha coveaaat�aad a�ecm�ats conta�ed in --� , �%=—�- �
<br /> . ttis Seauiry Ins�uanent,or tfsere is a tegal D�8��Y�Vy affoct Lender's rights In t6e Praperty (sucb as a '���"'..�
<br /> .;. D��S m�P�7►.Fmbate�for conde�nnanion oz foifeimre or tm eflfa�e laws or segutations).tben Lender may do and gay ��-°. -
<br /> f�ah�ver Is necessaty w piotax the vatue of the Pmpaty aad I.ead�'s ri �the ' -�.f� .
<br /> 8� �P�Y.I.eader s ac7ionv may mciade
<br /> paying any sums sec�d by a llen w6icri has priority ov�thiv Secarity Insuumecu.appe�g in wun.DaYinB reasonable x.- -��--
<br /> s l�S�S:�i. � .
<br /> •�� atwmeya fces snd entgJmg aa the Ymperiy w make repairs.Attbough Larder a�ay taYe action tmder this pazagrs�ph 7,Lea�der ���r ..._,..T. .:..__._-
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<br /> doesna6averndoso. ���:� : 'y��'.,
<br />'-.`;..r_ Any amounts disbursed by Lender imder this paregrapb 7 shall become addi�onal debt of Borrow�s�aired by this Searr.c� �;�:�'�'l,�,irr�._;-,�
<br /> �,., - �
<br /> Instmment Uv1�Borrower and Lender ag�ee m odier t�ns of payment,these amo�ta stiall be�tniemst ftom d►e date of ` ����-
<br /> g�e .. ,.'!�:�:�,.�-,.... , . .
<br /> . dlsbmsem�t at the NoOe rate and shall be payable.with mtcrest,upnn notice from Irader w Bormwer re�N�B P3Y��� =:�waws:.°�:_:�- ,''._
<br /> --. - 's.Prior��e i�s���c� if Leader requirec�mortgage ms�ce as a oondirion of maldng the toan sec�zed by tbis Se�ity - -=__=-._
<br /> Inswmeat,Bcnaawea shaU pay the yremimms raquired w malnmin the inattgage insivance in effect If, for any reason, the "°-'�' �._
<br />� m�ge ia�ce c�ve�age zequired by Leader lapses or ceases w be in e�'ect.Borrower shaU pay the pmmiums required tn
<br /> , o6tain cove�ag:sabstanti�aUy equivatent a�te ratong,age in§urance previeusly in effect,at a cost substandaUy equivalent w the � -,�-..,�.-...-..�
<br /> cost w B�ower of the�^.r�age htismra�ce pr�viously is effec�fmm an sltemate mort$age ins�er ayyiuved by l,ender. If y'i�.,. '_ -
<br /> substandally eyuivaI�t�c�cg,�+a iao�uatce wvcarage is rAt avaitabte.Boimwer sba11 pay ta Lendea each month e sum egual to �i��;:;` - � �
<br /> onatwelfth oY N.�e yeazly�or�age inc�,r,,�p yr�ium beIns paid by Bonower w�en tha insutance a►v�ge lapsed or ceased to °t ` ,� • '
<br /> be in effoct T��der will aceepL use an�r�� these Daytrnents a9 a Iass reserve in lieu of ma�ttgalgE insurance.Loss reserve . ':�' '"
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<br /> Form 8048 Q/DO ;�'ti:��`� . .: ,i =-
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