|
. r�:�c C �y. .j"i. `-v'- ..�._.....�_-� � � _ _.�:
<br /> , _
<br /> , _.: .. . , _._._-, a. . �. ' ' .
<br /> .. . •. .F ... . _ .
<br /> '�._ - '^'-'.-,, — . � — _
<br /> _ _ �gS� . _ .. . — + ♦_ .. t . _ _ -_ _ � c
<br /> � ti , i
<br /> r �° �i � r t f \ 7 t..4 i � �: � _. . � . < � • s. ..� 3. ,?? � u c �. ��t
<br /> � ��Y . � . ��y�� � � . � -" ''3J'S'ti .� `�-�'�r�'� - , � �Y : � .t .
<br /> .��� F '�a 1� � ;}�f �' ..�a 1 yc`�,_ !..: •� �x ..��� . _
<br /> � • �c'a r� � ,r � :3� �ti� `{ .� � ��.,, <'a t
<br /> t i` _ _.. . n � � ` -R;� `� . t. . -
<br /> �:' u4. -�-� Si. . - ' .'�, ._`_ -�_t ..
<br /> a .. - :� � _t� .y � - _. � nV �`t i < .� n _
<br /> t. ,,t. c
<br /> • r..j�Y4��.
<br /> ` <'2 i. �
<br /> 'L,- l �oU� • the mvements now e� oi ,�eafter�erect on the �
<br /> .� �:`'�, 5. Hs�ard or Ft+n�► ta.§manoe. Bom�wer shall keep �anP
<br /> �� - � Pcoperty insur�d against loss by fire. ha�ards inciuded within tbe term'estended mverage°and aay othet ha7ards. including �_
<br />: ,<.',`~. . floods or tlooding.for wtucl�Lender reqaires insuraace.T6is insurance shall be maint�tined in the amounts aad for the periods `-'°�-_-,.
<br /> `�-^�. that I.cnder reqliires.The insuzance carries pmvid'sng the insurance shaq be cflosen by Borrower subject ro Lender's appmvat �
<br /> :•.,'�.:. - � -� = wtucti shall dot 6e un�oaabiy withhetd. If Sonower faits tQ maintain covemge descdbed above. Lender may.oi LenQer's � _
<br /> ���<�.�.:'.~�'` opiion.obtaia�ovetage to pmted Lender's righta in the PrupertY�in acsordance witb p�agraph�. �.
<br /> ���'.��' All ins�uaace poltcies and ren�ewals shall be acceptable to Lendei aicd shall inclnds a standard martgage clause. Lender �
<br /> shatl have the right o�6otd the polici�and renewals.if Lender requires.Borrawer shaU prompttY give w�.ender all receipts of . --
<br /> '� paid premiums and renewal notices.In ttie evenc of Ioss.Borrower shail give pmmpt aatice to the insurance carrier and t�. �`
<br /> ` , �`;;'`.� Leadec�y make proof of toss if not made prnmptlY by Borrower. �-
<br /> . _���f Unlcss Ixader and Borrower othe�wise agree in writing,imvrance pro�ds shall be appiied to resEoration or repair of the --
<br /> . `::��� ..`�,.,Y.�.�� Property damaged.if the restoratian or repair is eoouomicaUy feasible and Lender's security is not lessened.If the�eswtation or _
<br /> .' :.�..� '-.�• repair is•nat economicxUy feasibte ar�Lender's security wauld 6e lesserted,the insur�ce proc�s shall be�plied Lo�the sums �-°
<br /> •.�..:::� :;
<br /> ���r°�;:�-�;;;;: secuced'byr this Sscarity Insuumeut. whether or not thea cl:e,;�ith any exaess gaid to Borrawer. If 8orrower tibundons the �_
<br />'�,'.; Property,or daes nnt answer withiA 30 days a aotice from Lender thffi the insuzance c�rti�'has affered to settle a claim,then _
<br /> . Lsnder rnay coAect the insuiance praceads. Lender may use the proceeds to tepair or�estore the Property or w pay sums �
<br /> . ,-;:•4.�..� secared by this Se�urity Instrument.ahether or not th�dae.The 3Q-day period wi11 begin when the notice is given. .
<br /> ,,�_. .��:
<br /> `•' Uniess LEnder and Borrower otherwise agree in writiag, anY aPPlic�tion of pmc�eds to principal shall nnt extend or _
<br /> , `,::'..4� postpo�the dne date of the monthlY payments referred to in paragrdphs I and 2 or chsnge the amount of the pa}rtnents.If _
<br /> unde;pazagtaph 21 ttte PropertY is acquired bY L�der•Borrower's right to az►y iasurance policies and pmoeeds resvlting from _
<br /> - ..-. damage to the Property prior to the acqaisition shaU pass to Lender to t6e eatent oF the sums secured by tfis Seauity insuume�rt !
<br /> . � .,:.. immediately Prior w the arquisition. ' � � -_-
<br /> ---• - _.:�-:�.: -
<br /> .. �.Oocapancy,A�eservattua,Maintenanc�e ana Prot�Fon of the Property;Barruwe�s Loan Appitcation,.Leaseholds. --
<br /> � , -�` s Bon+�xr shall accupy.establisb.and use the Properry as Bairower's principal residence vuithin sixty dssys after the eaecution of ___
<br /> . - •' '�'. ' . this�ity Instrument and shall continue to ocxapy the Properry as Borrower's princ"spal residence for at least•one year after .
<br /> ,` � .�r'. the daze of ocatQancy,tmiess Lender otherarise agrces in writing.wtuch oonsent shall uot be unre�asonably�vithheid.or unless
<br /> �.:..` '.
<br /> _ " �, e�wuating •�*^�+mMAnces eaist whic6 are 6eyond Eorrower's coutrol. Borcower shall not d�y, damage or impair tt►e �
<br /> :�:���:°'�,��` � Property.aflow the Pmperty to deteriarate.or commit waste on the Propesty.Borrower shall 5e in defauIt if a�ry forfeitare
<br /> . :F:
<br /> � , ac¢iaa or proceeding,whether civil or criminal.is begun that in L�ader�s good faitP►.l�d�nt�°uld resali M forfeiture of the
<br /> • . . '=� ', Prapariy or otltetwise.materialtY imPair the lien created by ttiis Security Insuument or S�der's soauitY 9nterest.Borrower mey _ ,
<br /> s
<br /> ctue sucb a default and ceinstate,as provided'va paragraph 18.by caasing the action or pr+aoeeding to be dismissed witb a nilmg
<br /> � .:�,'`.., , that,�in Lender's gaod faitb determinatioa; Q7ectudes forfeitut�e of the Bomower's inierest in the Property or ather materia!
<br /> � Y im�rment of the lien created by this Secwiry Inswmeat or i.ender's security intecesE. Borrower shall aLso be in defaulc if
<br /> , �,;f,� . .: ' �azaoyver:during the loan applicscicn prncess,gave materi�]ly felse or inaccurate infarz,z�tion or statpmenu to Leoder(or fa�led ---
<br /> ._`'r'����•�� '` : to,pt0�iite LRrtder with any mater�at atiformation)in con�ar.ian with the loan evidencea by the Diote.incl�ding,but�not limited
<br /> E::,•-.."i: :d
<br /> • . .s; . .��'.t•:� tn,�cePresentatians conceming Borrawer's occ�puacy of the'Property as a principal residence.If this Serurity Iastrucne�t is on a
<br /> :.. �.; ,..::,,.,.. �
<br /> . .,r,�.�,,.• : � leasehold. Borrower shall comply with ali Eas provisions of the tease. If Bom�wer acquires fee tiile to the Fcaperty,
<br /> � },,.,�;,:... -_
<br /> - .,:;,�5�;;�;•. �, - teasehotd and We fee dde shall not merge unless Lender agrees to the merger in arriting.
<br /> ' � `"�'''' `•.�' 7.Protectton of Lendci's Rigbts in the Pruperty.If Borrower fails to perform the oovenants and agreements cornaiiced in
<br /> this Securiry Instrument.or there is a tegal proceediag that may signifrcantly affect Lender's rights in the Property(such as a
<br /> ,. � "''." prooesding in bankruptcy,probate, for condemnation or forfeiture or to enforce taws or regularions),then I.ender may do and
<br /> r' pay for whatever is neoessary to protecc the valae of the.Property and Lender's rights in the Property.I.ender's actions may
<br /> ' r �... include paying any sums seeured by a lien which has priority over this Securiry Instrument, appearin8 in court. PeY�B
<br /> ' . � ��'' ' c�sa�'b!e'auorneys'fees sud er�,tering on the Property to zaafce repairs.Although Lender majr take action under ihis paiagraph
<br /> � ,�' �' =�' 7.��et�er dves not have to da s�: ,.:
<br /> � � .'... � . Any amovms disbursed�.4�;�.ender unQer this paragraph � shali become addittonal debt of Borrawer serured by this
<br /> .. '• ��,"
<br />� - ' ' Security Instrument•Unless Boaovrer and L,�.ier ap�ee to other tenns of payment,these amounts shall bear interest from the
<br /> • •� �� date of disbursement at the Nate rate and shalI be payable. with interest. upon notice from Le�to Bosrowes requestu►g
<br /> .. � Pa3+mer►t•. ,
<br /> . �� 8.Mortgage I�avraace:IIf t,eader reqoired mortgage insnrance as a condition of c�lcing the loan secured by this Secvrity
<br /> • Instrumeat. Borrower sha91 pay the premiums rpquired to maintain the mortgage in.�oe in effe�. If, for airy rcasan,the �
<br /> mottgage insuraa4a coverage required by Lender lapses or ceases to be i��ffect.Borrower shall Rag the premiums required to
<br /> : � �'" '� obtain coverage��vstantially equivalent to the mortgage insurance prev�iy in effect,at a eost s::�rantialiy e�uivalent w the
<br /> � � � cast to Borrowet of the mortgage insurance previously in effect. from an aitemate mortgage insur�r approved by I.ender. If , _
<br /> , � ' ..� su�yTantialty equivalent mortg,��e,insurance ooverage is not available.Borrower shall pay to Lender each mont8 a sum equal to .
<br /> on�-twelfth of the yearty mon�a:ge insurance premium being paid by Borrower when u�•insuiance cove�ge tapsad or ceased to
<br /> . � :��j be in effed.Lender will acoe�t.use and retain these payments as a toss reserve in uea of monga�e insurance. Lass resenre _
<br /> .. ' . Form 3U28 919D
<br /> .i
<br /> vego8o+9 ,
<br /> .:._
<br /> • � • '
<br /> ' • r_
<br /> .- --.—= - . . . . ..� , . . . . . -
<br />
|