|
. . � ... � . � -z
<br /> -—_ ' . . ;-L-_,-.
<br /> . _ . . .•... :
<br /> _ . . , _ . , i . ..� , .
<br /> . • . � � , . � . , +_.
<br /> , - - . ,.. ' - . .. . _ , . �i.
<br /> . .� • .. . . • . . . , . ' - .. __,. .. � �t .
<br /> ! � •
<br /> . � •
<br /> , 5.liarar�or Propertq ins�anc� Botrnwer shall keep thc impmvements now existing or h�f�ter er�d�on the�Property � . . ' .
<br /> insar+ed against toss by Cue.harards included within the term "eatended coverage"and any other damrds,inctudiag tloads or .
<br /> ftaoding.for which l.eader requires iacar�ncc_This insuiauce shall be mauuained in ihe azno�enu and for the periods that Lender !_._._.`__�' _.
<br /> - . . � . reqnires.'ihe ins�uance catrier pmviding the insurance shall be chosen by Bonower subjvct to I.ender's approval which shall not s` . ` �
<br /> ` ' _ be tutre�anably aithheld. if Hasow� failc w mauttain coverage dc�cribed abave, Lender may. at l.ender's option, obtain ; `
<br /> ' coverage to proted Lender's rights in tde Ptaperty in accordance wcth p�ragraph 7. t .
<br /> .• , Aq insurance poiiaes ar.d renewals shaU be aa:eptabte tn Lender and shall include a standard rt�ortgagc clause.Lender shall . ,
<br /> Y ... 6ave the right tn hold the policiec and reaewals.If I.ender reQains.Borrowe,r sfiall promptlY Sive to l.e�er al!recci�ts af paid �- ._ .- .-
<br /> � • � Fr�miums and c�euearal riotices.In the event of tass,Bwmwer shall give prompl norice to the�n�,�se ca�rier and l.eiedei.Lender � �
<br /> f: ; f
<br /> • may makc pmof of(oss if aot made promptly by Bomuwer.
<br /> ' Untess l.ender and Soaowei othcrnise agree in wririag,iasivance procreds sdaU 6e applied tn restoration or cepair of the � , . -;� ,
<br /> . : Pio�ercy damaged,if the�eswrasion or�pazr is economicalty f�nble and Lender's sacwity is aat le�ed.!f the restomtion or ' • •
<br /> _ ; c�e.pair is not ecanomically f�te or[.eatder's seaairy woWd be I�ed,the insivance proceeds shall be applied m the sams �'
<br />-_ :� sac�ued by d�is Secuiity Iastniment,wkether or not then dae,with�y excess paid to Bormwer. If Bmrower ahandons the '°:F�,
<br />. . PtnpertY.or dces not�swer witlun 30 Qays a notioe fmm Lender that the�uance ca�riar has affered to senle a c►airo.then �;`"-
<br />. 'c i.eader may collect the ins�uance pmceeds.Lender may use the pmceeds w�epair or reswrc the Properly or to pay svms secured i:`�, '
<br /> :,-3-
<br />- - by tLis Seauity Instrumeat,whether or aot th�e due.The 30-day peaiod wU begin when the notice is given. -
<br /> _ Unless Lender and Bmmwer oth�wiss agree in wrirm8.anY aPPlir,ation of praceeds tn principal shall aoi eactend or pastpone 4.°°, • ' 4 �>4.��;
<br /> ! the due dafe of the monthty paymmts refemed tn in pazagraphs 1 and 2 or change the amount of thc payments.If under paragraph z� ! •< '
<br /> _;r 21 the Pioperry is acquined Iry Leruier.Bomnwer's right w any�ce policies and proceeds resutdng from dawage to the �-�.�: � ;'`:
<br /> .f �P�Y P�w the acquisirion shall pass w Leader tn the extent of the sums seciucd by this Serurity[�trument immcdiatciy !{'���� � .
<br />:•+ , priar m the acquisitian. .. �, .
<br />�`_�" .Y 6•pawpauc�.PreservatFon,Mamtenause aad PrutedFa►m of We Ptoperiy; Bomower's Loan Applicatlon;Leasehof�s. � . . �•�-��?:'
<br />:,�__ Bormwer sdaU acxupy.establ�h,and use the Propaty as Boirower's principal resideace withm sixty days aftec the eaecution of � � . -
<br />�';'t ' this Sec�rity Instrument and shall continue to accupy the Pmparty as Borrower's principal resideace for at�ast one ye�aftra the � �r�:�.:;'`�_
<br />=� ' date of occupancy, nniess Lender ethera�ise ag�ees in wriEing,whirh wnsent shall not 6e uureasonably withheld.or imless � , .�};;:�r;
<br />'� e�r�ng ciriauastances exist whic6 are beyoad Borrower's conuo3.Borrower strell not destioy.damage or impair the Property. .':'"".`..::`
<br />_ allow the Property to deteriosate,ar commit waste on thc Property. �Qanwer shall 6e in defautt if any farfeiaue action or •
<br /> pmceed'a�g,whethea civ�7 or piminal.is hegua that in Lender's good faish judgrn�t coWd resWt in forfeinue of the Propeity or
<br /> .':;; ; . ` otherwise mate�ialty impair the fien cceated by this Seauity In.s�ument or L.ende�'s seciuity interest.Borrower may c�e such a ;��1�;.�` �
<br />`_.:} .. . defauit and mmstai�.ac ga�r�i�.'�t!ice paragiraph 18,by causing tde aetion or praoeedng w be dismissed arith a niling ihat,in .�_ ..:_;`z��,��
<br /> .•. Leader's good faith det�q prectades forfeiwre of the Bomawer's i�terest in the pioperty or other material impairme�u af '�";;. :
<br /> :i ; the tira cneared by this Security Insdrument aa Lender's security inteiest.J�.,�mwer shall also be in defautt if Bmrower.during d� i��:'f':��.-
<br /> ua
<br /> :.',, toan appticatian paocess,gave materially faLse or iaarc�uate mfosmatioa a�statanents w I�der(or faited to provide I.e�d�witiz ;_f.;�,';;,
<br /> � 1 aay mateaial mformation) ia cannection with the toan evidaiced by the Note, mcludu�g. bat not tunited to,�rs •�:.��.��
<br />� �� '�' couceming Bormwer's aceupancy of We Pmpeaty as a principat residence.U this Sec�ity Iiuu�ment is on a�o1d.B�rower -. - --..-,?',;,,:;`:;
<br />� �; � shatl comply witb aIl the provisions of the Iease.If Barrower acqui�es fee aile w the Property.the leasehold and the fee dde shaIl
<br /> _ � not mea e unless Lender
<br /> 8 agrees to the merger in writing. ' ;.,�;
<br /> n
<br /> :,• � . . 7.Prot�Qf I.ender's Rig6ts in the Pmperty. If Bonower faiLs ta perform the covenantv and ageeements contained in `-� •'�
<br />: :��.' ���-j:
<br /> -.t,._ � : , Uu,s Sarauity In�aent,or there is a 1e&al P���B��Y s�gnitic�ndy affect Lender's right�in the Prope+tY(such a4 a
<br /> �`�°:', ' � D�dm����ic5'•��:s,for conderru�aiion or forfeiwre or to enfonc iaws or regutations)�then l,endcr may do and pay � -
<br />.:.;.., . ..
<br /> �� for ahateve�r is necessary to pmteq the valne of the Pmperty and Lender's rights in the Property.I,ender's actions may include •��
<br /> �• .� gay�g any sums sec�ued hy a lien which has priority over this SeGai�j Inswment,appearing in coust. Paqir►g rc�sona6� .
<br />''�-:`�. • aaomeys'fces arr�enteruig on the Propeny tn make repairs.AIthac�T.aaxder may take action under this paragraph'],I.ender
<br /> .. • d o e s n o t d ave t�do so. � -- _ ;
<br />`,;;:;; My amoants disburscd by L�ender�der this paragr�h 7 shall 6ex:ne addiaonal debt of Boimwer secured 6y tisis Socuriry : '`' ^.
<br /> , • ' .r Instrumeni Qn�Bmmwer and I.atd�agree to other eem^s of pa;men�these amounts shall bear interest fiom the date of . ,
<br />��'�,�. � disbursement at the Note rare and shall be payat�le,witln�tea�st,�on nnrfi:e from Lcnder w Borrower rc4�8 PaYA►�nt � j � • -
<br />_ • ;_,'{' 8.Mo7tgage Iacnrance, lf Lender req.i��d mortgage insurance;L.a,:�ndition of making the loan secured by ttiis Securiiy • � , .» '
<br /> �: Instrama►� Borrower shaU pay the preminms requircd ro mainfaia � ��ortgage ins�nance in effect. 1f, for any rcasan, tlte
<br /> .°'.;��;'; mortgage insurance wverage r.rx;uined by I.endea lapses as ceases to @e i�effect,Barrawer shall pay the prpniums reqnired tn '
<br />- �'� obtain coveiage substantially�l=ivalent tn the mongage a,sivar►ce pre�-i�sfy in effecl,at a wst substandally equiva2ent to the -
<br /> .":��F cost m Borrower of the mongage insurance prcvionsly in effecb fram �s attemate mortgage insurer approved by Le�tdcr. if . , .
<br /> '.��� substantially equi•ralenl mortgage insurance cove�age is not availabte,l3�Lr+r�var shall pay to Lenda each montl►a sum equal tfl .
<br /> r� on�twelfdi of tt��e yearly martgage insurauce premiiun being paid 6y l�orrower when the insurance coveeage lapsed ar ceased to � • �
<br /> ., , be ia effect. Lender w�71 accepl, nse su�d retain thesc pay�.e:c� av a Qoss resatire in licn of mortgage insurance. L.oss reserve •
<br /> ,� t Form 3020 8�90
<br /> • � ���(���(02�21A1 Pa•e3ct8 � '
<br /> • inmms:�'�/CJ �;
<br /> ...' ".r �. �
<br /> ;:s: .! �s•E':e:°.�•
<br /> ,.r,: .
<br /> ���". � �,f .
<br /> ...
<br /> ... . - . --__....�_
<br /> .�. � _ .. �._. _ -------�--- -
<br /> . � . _. .. , . . .
<br /> .,:: . � . , .
<br />•Y-•'.' . ' - .
<br /> `:.'.�.. . _ .
<br />����'.:. ' � "11' . . � _ . .. �
<br /> �� • � I
<br /> � .
<br /> •, s
<br /> .. �`
<br /> •',
<br /> ?l ' � '
<br /> • 7 � .
<br /> 1: .
<br />. . 1 ' ;A. . � 3 . : .r �w�;:ti'�i tli.-:�!'�:-
<br /> . . . . . . . �. .. .. •_ ' _ . . . . � . . ., • � . . '2. �, .. ,
<br />
|