|
;� � --" ' ,
<br /> � , �[�y�
<br /> �:��''��� // )�..�..�y,�r61�� �if'.M:.�. ..
<br /> • � . ...a+l�M��'1/I�t+:: � , . . •���s,. . .,f.KY'���.-b:•�SUI�Y•W,If:i�sa�r1�A��a;��_
<br /> • � ,Y:rtN�+I�Y�OR�Jt4ew-rR«2f.H�rn��.�..a �. .._ . . . , . • .�:�+4��Si y.....,i o . .. , . _ . . l.. ....
<br /> �::�;.._
<br /> 1�'-'7''
<br /> � - �7'0„��a��"�`� �R-•
<br /> _ _ _ ! . • :.�.•
<br /> .; r:•, "..
<br /> � S, EAa�.�tc'�1 or i���e''ty tnsurnnce. eorrawc� oi►al� ��°p t�� it*►nm�emcnta nnw existina a* h;reaftet erect�d on tho �
<br /> ProUeny insurc�,d e�;:�ln�•e loss E�Y fi�e, h�7�rds Included witidn the tenn "extended coveragc" su�l any other hntards, including
<br /> flo�►ds ar floo�inp, for whir.h l.cnds:r requires insuranr,c. 'Thi:� insurance ahall be maintnined in the amount�nced for the pc:riods
<br /> , that L�end�er requirc:s.Tfia insurencc carrior pravidina Qie insuronce ahull be chosan by Hormwer subJect io Lender'F npprs�vnl
<br /> which shall not 6n uncc:�sonxbly withhel4. If Borrower fails to maintain cov�rage descrtbed abovc., l.ender may. at I.cn�ittz's :,,.
<br /> ' optton,obtafn covorago ta protcst l.endcr's rights in the Propeny in nccordenca wlth pnrastaph 7.
<br /> � All insue:�ice �mlir.ies ancl rennwr�la shall he acceptable ta Lender and thall Inr,lude a stendar�l tnongn�e clause. l.�and+rt ���r�,,:
<br /> �- shall huvciums innA nnewal�nalicesk,in he�evert of lass.1l��nowi�shall�give pro�pt nosic ta thc insurana carrierlsuidtl.endcrf `
<br /> " � paid prem �,�•
<br /> �,�_��� l.ender may mako proof of lass if not m;�dc prompQy by l�orr�wer. �M
<br /> 0
<br /> .,,,.,..,�alit, Unless L+cn�ar anci[k►rrower atherwise agrcc in wciUng. insurance proceeds shall be applied to mst�antian ur nspair�t the ,:`t.
<br /> � Property damAgcd, iP the restnratinn ar rcpair is esonanucully feuibte anJ l.ender's securicy is not Icsseued.IE ch��tr:s:niattnn or . .�
<br /> �i r e p a i r i s n o t e c o n o m i c a l l y f e a s iU lo or l.ender's securit y would be lessened, the insurance proceeds sh�ll be np��lirs�tc1�1tn su►na `:�s�_
<br /> . +� securcd by this S�curity h�struriient, whoihcr or not then due,�vith nny eacess pai d to Bnrrower. I f B o r r�w o r a b e m d n n r+ t h c — _
<br /> � propecry,or does not unsw�r within 30 dnys a nntire from l.�nder thot the insurs�ice c.u�rier has offereci io seul�t�elulu�. then
<br /> {! Lrender may �allr.ct thcs (nsurance proceecis. Lender may use th� procads ta repafr or resEOre thu ITm�erc►ar.ut pnY sums �
<br /> X secured by thi�Securiry Instrumanc,whr,ther or not Q�en due. 'l'he 30•day periud wlll�ebi��a�k�nn the notoc�is giv9it. �_.-.__
<br /> Unless I.endcsr and Borr.ower othon�vise aRrec in wdti�,g,any application of pracecsln to princip�l sl��11� nnt�•oxtr.nd or �
<br />� � postpone tho due datc of th� mantiily pnyments refemd to in paragraphs 1 und 2 or ch�u�ne tha amount of the Fnyments. If �.a�-Y
<br /> , .� under patagnph 2 k the Propeccy is acquin•d b}�Lendar, Borra�wer's►i�ht tQ any insurancs policiac and �roce:t�le resulting fmm f
<br /> " da�.+age to the Propr•m�priar to t he a c q u i s i t i o n s t��l l p a s s t o t.z n d e r t o t h e e x l e u t u f t h e s u m s s c cut�d b�� ads S+:curiry Inatrument ��.__
<br /> � is��t�tcly prior to tho xquisition. ��`--
<br /> � 6,(lecupancy,preservation,AlAtutennnce snd Pr+�tr.ct3�n of the Prop�cty;Bar�ower's Los�n 1Agplic�tlam+I�1���• -
<br /> e �� �;=_.=-
<br /> ; � ;1 Borrower shc�ll occupy.establish,anQ use tl�n P�P�nY a.Eu�rro+'rer's princip�l residenc�:witliin siaty duye aCter the eaecution of e_-
<br /> tl►is Sectuiry Instr+iment and sh�ll coatinua m ae;.a�y che Pcaptny as Borcower's principal resideace fvr m l�ut one year after
<br /> - tha date of oc,cup�tacy. unless Lendcr otherHi���,�rees in writing, which consent shal1 not be unrcesonc�bly vaithheld,or unlcss
<br /> eatcnuating cinumstaaces exist which a� Ueyund Borrower'a sontrol. Borrowcr shall not dost��o;�; d�nage ar impair the
<br /> properiy,aliow the Pcoperty w du�eriarate, or commit waste on the Property. Borro«'sr shall be in default if any forfeituce
<br /> .� � action or pror,cedinB, v�+hett►ar civil or criminal. Iss 6egw�that in I.ender's good faith judgment could result in forfeiture of the
<br /> Property or odiecwiee:matedally impair ttte lien created hy tbie Security Inss¢umenc or Lendcr's securicy imerest•Bor�°w�r m�Y
<br />- cure such a dofault and roinstnta,as provtdcd iapnragraph 1$.by causing d�o action or procceding to b�dismissed with a nrling �..
<br /> .. _ . .. or othcs material
<br /> • that, in Lendor's goad faitli doteraUnatian, pneciudcs forieiiuR vi iiia o��«wer� int�r�L sa Sh- F`�=��'
<br /> . impr,fnneut of tho lion crta:e�4��^�is Seeuiiry Instniment �r Gendcr's sxurity interast. Sarrower slzall Nso be in default if
<br /> '_..;:.,;.• Bonro:ti;�,during tha loaa appYir.F:ta.cn pracess.gave materis�F�+r fa:se or inaccarate infarrnci�e�n or statemenu to Lendler(vr failod
<br />=,�,;::,:.,�_,., to ptnvido l.cudor wlth any ma:ertt'.infunnntinn)iu connectionwith the loan evidenced by the Nc�te,isicluding.bt�c�saa limitecD
<br />� ��'�• , r to.neprece.ntudons concerning Bor*ower's auce.L�a�cy of the Propeity as a principal residence.If thio S�curity Iastrumsnt is on a
<br /> _ ;���t; ���hold, gortower shall compl;+ wtth all.�?�e.pmvisions of the lr.ase. If Bonower acquires fee catie ta che Property. the
<br /> �`�_u;� .�. . . .
<br /> �''�;,,,>;?:�' id�sehold and t6o fx title shall ue�a r.n�rgc untess under agri�3to the merger in writipg-
<br />_"`�'�=���� 7�1'rotectbn of Lenderos lk�i�uts in thc Y'roperty.If H�ormwcr fails to perform thc cc�t�cnanxs aixl agr�ements containe�in
<br /> s;;._.::�,^�s:�+� such a�a
<br />,�.-�-°'4---° thiE Socurity Ltt�tvn�nt.or the�e;is a legal pracealing tUat m�y sigRificuntly s+fffect Lender's rights in the Propert3'(
<br />�y;�,�" pmasdiuB�n�h�n�a,�,gicy,pro'oate,for condeinna:ioa or forfeitun or to enfocce laws or regulations?, then Lender may do aad
<br />=__;x;=�F . py��•for•whatovor fa neseszari!to protect the va[uc of the Pmperty and L,endor's dghts in the Pi�opers�`�Lender's xtIona may
<br /> _—__ .-=-R--°�— ,� innludf� paying any sums seciaec��by a Nen which has priority over this Security Iactrument. ag�ar,�ln8 in wurt, payln8
<br /> -"- ''''�'��-�'�-'� a�at7c�nable uttorneys' fees and ep2eTing on thc Property to in�cc rep�irs.Although Lcndvr may talce action under�na�.para8�P1�
<br /> -�::i�;�`i
<br /> ,�a�;� � 9�Lender doa not have to do s�o.
<br /> � puy �nounts disbutsed by fi:ender undEx•this pacagraph 7 shall become additfonal debt of Bvrtower seeured by this
<br /> --`�°i'-""'�'� Secudty Insuument. Unless Bon'mw�er and 1..�nder agrec ta ot6er terms of payment,these amounts s�all bear interest from th�
<br /> �_-,�.,,�.—,�,,�
<br /> °-�°°:r�;��t�qr�` � dnte of disburaement at the Nnie rate and shall be payable,with Interest, upon notice from L.ender to Borrower requesting
<br /> r;..,�:,;,";`.4�, paytnent. ,r.
<br />�"w�?i�r:k;�4t<<,�� 8.Mort�ge Insurance.TP II:endcr rcyuired mortgage i�nwcance as a conditioa of making the loan sxuced by chis Security
<br /> � °-'=�• Insuument. Borcower shall pay the premiurn.s required�to malntain tho mortg�e inaurance in effect.if, for any rcason�th�
<br />�.., �- .
<br />_.�',;.:.�� mortgagc Insurance caverage required by l�encler lapses or ceases to bc in•effect, Borcower shall pay �e pnmiums required�o
<br /> „J;l"��°�,t"` obWfri ooverage substantially eguivatent ta the mortgage iusurazia previously in effect,at a wst substamially equiv�leat to the
<br />��=`�'_;�'"`";'� cus�t zn Borrower of the m�rtga�e insurance previausly im eftect,from an altemate mortgage insur�s eppmved b� Lender. If
<br />�!1•'���'_�:;, substantially equivalent mortgage instuance coverage is not aveilable. Borrower shall pay to Lender each month�n.�un.equal to
<br /> . .:,�.�;_ �•.
<br />_,:'-..--.�.-- one-twclfth o[the yearly mortgage insurance prem[uru bcing paid by Borrower when the insurance ca�+erage lapstd or ceaud to _
<br /> . ..::�:.; •
<br /> .... be in ef�xc_ Lender will accept,uso and r�tain thesc paymenu as a loss resecve in lieu of mongage Insurance. Loss reserve
<br /> - . ^ :•`;. Form 30 ----
<br />__ , . �-8H(NIE)�91�sl.o� v,�s m e iriuw � °."
<br /> . �.
<br /> �...
<br /> J � _=_
<br />-__i:t�'�. ��
<br /> -L �
<br /> _ - ___ .-... � �
<br /> : , t �
<br /> • . �
<br /> _ �: ..
<br /> q • 302�J.1rm 1?/98
<br />_ . ,�
<br /> 1 _ _ � �.
<br />
|