|
. � _ . . ;�-v.-.���-�.:r,�..:_� ___ _.___ .. . .._ .. _.. ._ .. . .
<br /> . ...... .__ .
<br /> �5�:..vvsv;n�tW's�4r.•..-�:.
<br /> ..
<br /> � .. �: .. .... .' ___' .....-
<br /> `�''_.031c''_ ..__. _._ —
<br /> �_._... ._. - _
<br /> ___. _ ._._ ._ . ... .
<br /> . 98-snso��
<br /> S. t'��►;�ur�1 0�„PfV[i�T.tS L�r�sus�ucC. Fi�rrawer shall kcep thc improvcmcnts no�v caisting on c�rcafter crect�ci on thc
<br /> Propeny insutad egni�lq lot�k�y.fire, huards included within the term "exterxkd coverage" �ncl pny other hazards, includin�
<br />_. flcxxt�ur.t1cNx1ip8,G�r whis;h��Nnnder rcyuires i��surxnce.Thls Insurance Shull tx mininrrined in th�anxwnts and for the perials
<br /> that.J.eMlor.requires..'�hp in�1�1i11Qe cartior providing the insurance shall be chos�n by liorrawer subjrct to l.ender's approva[
<br /> � whiwh,sh�fi•nni be unrnsanahi��w�t��hqld. If Borrawer fails ta nwinwin cuvenig�describai atwvc, I.ender mny. at L.crxler's
<br /> dptian,ohtnin.�ucr�gotq,�mtpct�i.o.ndpr's rights in the Pmperty in accordance with paragruph 7.
<br /> All�inFUranc:.{rc�liy�«s afid rqnq►(��I�; shall be acccptable to Lender and shall i�ludt n stetxJaM ►nortgage clauRe. [,er�ler
<br /> , shall turvo tha right ta hnid tha;TMlfai�ri nnd ronewale.If l.�nder roquires, Borrower shell promptly givc to Lender all receipts of
<br /> `, paid prep�iump and renownl�nnticxs.In the ev�nt af loas,Bormwer shall give prompt notice to d►e iasursu�ce curriar ard[�enckr.
<br /> LMxkr inAy mnkc ptm►f bf�lu�a if not m�de pmmptly by eorrowcr, �
<br /> Unlu�ss I.�ndr.r arxl Bonower otherwisc agrec in writing,insurance procceds sh�lt be applird m restoration or repair of the
<br /> y Pro�rtydtunwgod.�it:�ti�p tiGStnrntion or rcpair is o�ronomically f�usible and Lender'�security is not le.ssenai.It the restor�uion or
<br /> t+ep�in.iq nnt,�cnn�lmiq�lly•.fquible or Lendtr's security wcwld be leasscnal, thc in.suru�ee procxd9 shall be applitd to the sums
<br /> '�, SGCUmc! hy� thie S�our,ity•Ipstnament, whether or twt then due. with any eacess peid to Borrowrr. If Bosrowar abntrlu�u� Uie
<br /> .;� Prq1�rty,or d�s n►�tiani�wrr v►+ittun 30 days a ratice ftom Le�cler�hat the lnsurat�ce carrier hd.g offorod to settle a claim, then
<br /> i.�ncler nwy rnllect the insurance proceeds. L,ender may use tbe prceceds to rcpair or rostoro tlr. Properiy ar to pay sutns
<br /> ;� . 5pi,-qnect by this Security Insimment,whethec or not then due.The 30-day pe�iod will begin whon the rat�ce is given.
<br /> ,.c � • Unless Lmder and Borrower cxl�er►�ise agroe ia writing, any application of proca�ds to principal shall rwt exte�d or
<br />�� i s•' Rei���the due date of the monthly pa�yments refct'red to in paragraphs 1 and 2 or change tha amourn of the pryments. 1f
<br /> , utxlmr'�fit�ph 21 tt�e Property is acquimi My Lender,Bormwcr s right to aoy insurance palicics and proocads resulting from
<br /> + deem�q�4 ttin ProPexty priar to thc acquisition shall pass to Leoder to tt�oxtrnt of the sums secured by this Security insuumcrnt,
<br /> t immr�iMoty prior to the ocquisition.
<br /> 6.Oocuprnc9,Pt�aervation,MN�tttwnct�nd Protection ot the ProPertl; Borrower's I.o�n App1lp�Non;I.e�uiol�ls.
<br /> M', Horrower shall oocupy,�tablish,and ase the Property as Borrower's principal nsidence within sixry days after the execution of
<br /> - thia Securiry ins�ntrt�of�u�ai siwfl�Yxuinuc iv uu:upr u�Fii,j,eY7 r�;���w��'o Frir.ci�a! r:Qidcr�c;,for ai tc:si ar��rs�.'iar
<br /> ;-� the date of occupancy,unless iJend�r ath►�cwise agroes in writing, w6ich consent shalt not be unreaso��ebly wichheld, or unleas
<br /> eatenuating circumstanccs eaist which a�c beyond Borrow•er's controL Borrower shall nat +de�§troy, dr+mage or imp�ir the
<br /> .. s Property, allow the Property to dot�riQtnt+e;,or panmit wacte on the ProExrty.Borrower shala be'in defwlt If eny furfeiturc
<br /> �� action or proceeding. whether civil or criminal. as begun that in l.ender's goc�d faith judgmcnt�.could resulY.tn torfeitute oi[nc
<br /> ,Propetty or otherwise mnterially impeir cha lien crcutcc!by this Scrurity Instn►rneiit or I.�aider'S•ta�►ricy in�are.gt.Horrower[nsy
<br /> � cun such�default u�d rcinst�te,as pro��ided in pui�rgr3ph 18,by caueing the action or proceedin�ta ba disriiissod with a ruJing
<br /> N. that, in i.cnder's good tRith determi�u►tivn, precludes forfeiture of thc Borrowor's intercst in th� Property or other matc��l
<br /> �- imp�irmeat of the liencc+rated by this S�curity Instrument or Lender's security intettist. Borrower shall also be in defg�`It,if
<br /> 3 Borrower,during the lan apQlication ptvoess,gave materially false or inaocxirate iqform�tion or s�atements to Lendu(or fa�J�d
<br /> G to provide L,e�der with u�y material informstion)in connection with the loan evidencczl by the Note, including:but not limited
<br /> 7 to.repe�aau�tiooa ooncerning Horrowei's qccupancY of the Propecty is a principuC rosid�.If this Sxurity I�i�on a
<br /> j. la�sehold, Bucrower slull comply wii"h a94.•the provisions of the lease. If Eorrower ac�uires fx tlde to r,he !'rope�ty. the
<br /> F� Iea�el�old and the fee titic slull not�t►cr{;�c u�n(ess l.ender agras to the mergcr in writing. �_
<br /> k 7,ProtectMw of i,ender'a Rights iii 2�e�Pmpetty.If Borrower fails to pedorm ttr aoWtaA�xs end agrcements containod in
<br /> this 5ocurity Instrument,or there is a legal pt�ooeai�g that may signifi:antly affixt L.ender's rights in the Prnperty (such as a
<br /> proceeding in b�nkruptry, probate, for�ondc�iaq ar forfeiture or to enforce laws or regul�tions),tt�[.ender may do�nd
<br /> � p�y fur w�►xtever is neoessary ta protect t�e valut of the Pruperty and Lendcr's ri�ts in the k'mperty. Lernler's�ction.4'iney
<br /> � include p�ytng �ny sums secured by a �i�n which has prioriry ovcr this S�curiry lns 'tnamcnt, eppearing in courc, pdyit�g
<br /> re�sonable attom�ys' fas and entering on the Property ro m�ke repairs. Although l.ender nisy take action urxler this psrdgT�jth
<br /> 7.L�r does not have to do so.
<br /> � A�y amc�unts disbursed by I..erder under this p�tregraph 7 shall become•axiditional debt of Borrower secvrocl by this
<br /> ,.� Socurity Instn�ma�t. Unkss Borruw�r�nd I.,ender agra to other terms ot'paymont,thGSe amaunts shall bear interest from tha
<br /> d�te of dislwrse�r�ent �thc Note nte ud shall be payable, with interest, upon notia from Lander tn Borrower requesting
<br /> PaY��• �
<br /> • S.Mort�qe Imrrana. If Lender requircd axx.Agage insur�na as a cax!'n'�on of making thc loan scCurcxi by this Security
<br /> � Insuum�m, Dorrower shall pay tha prcmiun►s m#u6a�od to maintain thn mo�tgoge insucu�ee in sf:ect. I�;.�•Cc,r any cruson, �hc
<br /> t rtartg�ge insucmoa coverage rcquirod by I.aider lapse.s or cesses to be in effect, Horcower shutl pay the pcemiums required to
<br /> � o6tain ooverage substantially equiv�leat to the mo�tgage insurar�oe pc�viously in effect.at a cost substantially oquiv�lec►t.�c►!the
<br /> oost to Hormwer oF thc mortgage inwroncc previausly in effect, from an alumate mortgage insurer approval by L�cr.�If
<br /> � substanti�lly equivdent matgage insuru�oe cova�e is rat avnileble,Bnrrowa shall pay to Lcnder each month a sum oqual to
<br /> one�twdfth of thc yearly mortgage insurance pre�nium being psid by Borrower when thc insurmoc coverage lapsod or ceasod to
<br /> � be in efFect.i.ender will acoept,use aM retain these payments es a loss reserve in lieu of mortgage insutance. Losx trserve •
<br /> " Fam 302i 9180 _j.
<br /> � rp�7ofe .f
<br /> • �
<br /> . ' �:
<br /> r
<br />
|