|
,.i�`�n�' i . .. . , ... .:�:;�.::;., .•.r't;�'-.' ..
<br /> ``f.+ � 't i:�er;��`'li.n-S•f
<br /> .. . Z:: '��.t��' - .
<br /> . . '}!•r�h '
<br /> ' _'"__.. .— . .� �
<br /> —. . . . . � �� �
<br /> ... ._' '— _'__...�.� �. ..�_ _
<br /> � .. ..... ,__... . . "�r�_�._._.
<br /> _ ' ' _ . -;..._.��..' •' .
<br /> ..• �l
<br /> ,. „' . ' ' . � ' ::.a a
<br /> . R�
<br /> ., . `. . �, ._•' �.
<br /> fi �
<br /> � g�►� �.t��0�� � , .
<br /> 5.Hazard or 3°roperty Insurnnce. Bonowcr shaQ keep the improvementa now cxistu►g or ereaftcr erected on e Property . �
<br /> insured against loss by fue,hazards includc<i vrithin thc tcrm "extended covern�e" and eny othcr hazards,including fl�ods or
<br /> flooding,for a�hich I.ender requires instuance.'I1da instuance sh�ll be maintai�ted in the emounts and for the periods that Lendcr t
<br /> mquires.'Ihe insurance caaier providing the Insuranca shall be cho�en by Bonower subject to Lender's approval which shaU not
<br /> be unreasc,nabiy withhc;d. If Bomiw�r fails to maintain covera8e described above, Lcndcr may, at Lender's opaon, obtain
<br /> coverage to protec:Lend�r's rights in�he Property in accordance witn pnragraph 7. � •� .
<br /> All insurance pollcles and renewals shall be acceptabf�to Lender and shall include a standard mortgage clause.Lender sh2�U
<br /> have the right to hold!he policies and renewals.If L�ider res�uires,eonower shall promptly give to Lender all r�eceipu of p�:d ,• _
<br /> premiums and renewal notir.es.In Ihe event af loss,Aorrower shall give prompt notice to the insurance carrier and Lender.I.ender :_,v
<br /> may make proof of loss if not made prompily by Bonower. � ���'
<br /> -.,.:_�.
<br /> Unless I.ender and Borrower otherwise ag�e in writin8. uisura�ce pt°ceeds shall ba applied to restoratian o�repair of the �� :�y,�_;�__
<br /> Property damagect,if the restoration or repair is economically feasible and Lc;nder's securiry is not lessened.If the restoration or _,__r__��_:.,
<br /> repair is not economic�uUy feasible or Lender's socuriry would be lessened. the insurance PI°ceeds shull be appGed to the sums ', w� �
<br /> secured by this Securiry I�strument, whettx:r or nat then due,with anY eaccess pald to Borrower. If Borrower abandons thc ' ��._
<br /> Property,or does not answer within 30 dayn a notice from L.endcr U�ttt Ihe insurance catrier has offered to SGtI6 A GI8if11, then -��:_-•- _
<br /> Lender may collect the insurance proceeds•"h-ander may use the proccecis to repair or restoee the Property or to pay sums secure� �_��•••-;
<br /> , �"'�? by this Security Instrument,whether or not r3►en dua.Tha 30-day perial`Hill beSu►w+hen the notice is given. ��' �.��
<br /> � � Unless Lender end Borrower otherwises agneu in writing,any applicabon of proceeds to principal shall not extend or postpone ,� :,�,_�
<br /> ,:.„`;,�' �•,ti:::-
<br /> the due date of the monthly payments referm.d co in paragraphs 1 and 2 ar change the amount of the payments. If under pac�rnph ���,_,+,:,_.. ,_,
<br /> 21 the Property is acqai�ecl by Lender.Bormwer's right to any insurance policies and proceeds resulting fram demage to the �,�'•�::��;�.
<br /> Property prior to the acquisidon shaU pas�to Lender to the ea�nt of the sums secured by this Sec:uriry Instrument immediately :^�=��_`
<br /> �� prior to ihe acquLsition. '
<br /> 6.Occupaacy�Preservetion,Maint�r�aace anc!Protect�on of t6e 1'iroperty; Borrower's Loan �►pp�1ca11on;Leaseholds. ,,�-�.,��
<br /> � Borrower shall occupy,establish,and usa the Property as Borrower's nrincipal msidance within sixty days after the eaecution of �:
<br /> this Securiry Inswment and shell continur,to occupy the Property sic Sorroa+er's principal msidence for at least ono yesr afser the '��� �
<br /> _ - date of occupancy. untess L.ead�r other.�t� agrees in wrii.in�. .���i�� ���t ��°� n�I L�` lt12rP�cnnahly wi�hheld, or unlrss �����_�.,`y-:
<br /> extenuating circumstances axisc which are beyond Hortower's control.Bocrower shall not destmy.damage or impair�he Froperty,
<br /> - � !�' allow the Propercy co deteriorate,or commit waste on ihe PropeaY• Borrawer shull be in default if any forFeiwre action ar �
<br /> •;,;,. �
<br /> � prACeeding,whcihcr civil or criminal, is 6ogun U�ut in Lender's good faith judgment could msult in forfeiture of dic Property or t�t '
<br /> othenvise materially impair the lien creaned by thi�Securiey Instrument or Lender's security interes�Borrower may cure such a � .
<br /> default and reinstate, ag providul in par�gruAh lE. by causing the acdon or proceedir►B to be dismissed wnth a niling that,in
<br /> . ,� Lender's good faith detem�irmdon,precl�es forfeiture of the Borrower's interest in the Property or other matc��npairment of
<br /> the llea created by this Secur[ty Insmiment or Lender's security intc�es�BorroWe�shall also be in default ff Bonnwer.during the
<br /> �� loan applicudun proce.�s,gave materially false or inaccuratc infomsauon or statements to Lender(or failed to provide I.ender with
<br /> � any material infomutdon) in connection with the loan evidenced by the NoW, includLig, but not 1'united to, representadons .� �
<br />:;,;,� . �: conceming Bormwes's oceupancy of the•Propeaty as a principal residence.If thls Security Ingtrument is on a leasehold,Borrower -- ���
<br /> .. � shall comply with all the provisions of tt�a leuse.If Borrower ecquires fee tide to the Property,the leasehold and thc fee dde shall _
<br /> ° r not merge unkss Lender egrees to the m¢rger in writing. �
<br /> � � =•`;;��,,;�', 7.Protectlon ot Lender's Rig6ts in the P�operty. If Socrowcr fails to perform thc wvenants and sgreements cantained in �_---
<br /> � this Security Instcument, or there is a leg�l�prooeeding that may sigci�candY affect Lender's riglitc in the Property (such as a �
<br /> prace�edir►g in bankruptcy,probaie,For randemnution or forfeiuue or to enforce laws or regulations),then Lender may do and pay
<br /> for whatever is necessary to pmtect the value of the Property artd Lender's rights ln the Property.Lender's a�cdons may ircclude ��,�
<br /> � � paying any sums secured by a lien whish has priority over th3s Security Instrument, appearing �n court,paying reasonable __.-__��_� _
<br /> � attomeys' fees and antering on thc Praperty to make repairs.Although Lender may mke acdon under this paragreph 7,Lender ______
<br /> • � docs not have w do so. °
<br /> Any amonnts disbursed by Lcnder under this paragraph 7 shall becAme addidonal dcbY of Bocrower secured by this Security
<br />-,"� Instnjment Unle,ss Barrower and Len��►agreo to other terms of payment,th�z amounts shall bear interest from the date of ����;'4;���
<br />-'� .�..t ` disbwsement at the Note rate and shali lbe payr�ble,witl►intcrest,u�on nodce from Lender to Borrower requesting paymen� �� ,a,t;•-e� :
<br /> ''��•� 8.MorigAgeIasurance. If Lendci�rcquiaod mortgage insurancc as a condddon of maki�g the loan secureA by this Secnrity �;;r;n,;,;�.•��• •.
<br /> ..--y!�;i ....•.•
<br /> . � � Instrument, Borrower shall pay the premiums requircd to maintain the mortgage imsurance in effcct If, fos any reason, the •��'�;,,�'�J1Y•
<br /> � � mortgage insurance coverage r�quiced by Lender lapses or ccases to bo in effect,Borrower shall pay the premiums required co - _ . . •'..r..
<br /> obtain coverage substantially equivalenc W the monguge insurarece pre��ously in cffect,at a cost substantially equivalent to the ,
<br /> cosc to Eo;,..�:r�f•�� e^:n�S==^-�.°""•`-'r.previously in effecL irom an altcmate mortguge insurer approved by Lender. If
<br /> � substantially equivalent mort�age insurF�gce coverpge is not available,Borrower shall pay to Lender each month a sum equnl to ° ��
<br />- , one-twelfth of the yearly r�wrtgage insurunce premium bein8 Paid by Borrower when the inswranc�covcrage lapsed or ceased ta . � .
<br />�:;. • be in effccG I.ender will accept,use an�rctain thes�s PaYmcnts as a loss reserve in lieu of mortgage insu�ance.Loss reserve "•.�
<br />�,, _ 1, . • .
<br />'��'�S� � Form 302e 9/00 • � �
<br /> .... .
<br /> ,. .
<br /> l i .`... �fl���a�{: � .
<br /> - _.:_,�_ �•6R(NE)ICZiz1.o� Ptp�3016 '
<br /> � ._ .� _ '
<br /> �, T � .,:.i �'+�t �
<br /> .
<br /> �..1_
<br /> �
<br />
|