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<br /> 5. 11wzArd nr Propert,y Incurwnce. Ei��rruwcr shull kccp the impruvcmcnts now existing un c�rcaftcr crecicJ on tlic
<br /> ProExrty insurcd ugainst losti hy firc, h.a.urds includce!N•ithin �hc tcrm "cztc►Hicd cavcragc" und tiny nthcr hnnu•ds, includin�
<br /> tl�xxlti or fl�wdiny;, for which Lcndcr rcyuires insuranrc."1'his intiuruncc shall bc n�uintaincd in thc umnuutti�ind fur�h�� peri�xls
<br /> Itr,rt l,e�xier rcyuir�s. The intiuraixe curricr proviJing thc insurunre shrll hc chii�cn hy Ik�rrowcr subject t�► l.cn�ler's :�pprovul
<br /> tvhich �h�ll nnI hC unm.itinn:ilily aithhcld. If Burruwcr f,iik to nuiinuiin rnvcr.�ec dcsc�ibcd abuvc. I.endcr may. ;it l.cndcr's
<br /> option,obtain coverage to prale�t Letxler's rightti in the Proprrly in uccordai�cc with�uragruph 7.
<br /> All insurance policies a�xl renewul, ,hall be ucreptubte to I.cixler ai�l sl�ull iixlude u tita�xlurJ ntortgage cluuse. I.ender
<br /> shall have the right to hold thc policics u�xi renewals. IF Lcrxlcr reyuires. �rrowcr shall pro�nptly give ta Lcnctcr all rcceipts of
<br /> paid premiwns mid renewal nctices. In the evcnt of loss,8orrower shall give prompt notice to the i�sunuice carrier and Lender.
<br /> [.ender m3y make proof of loss if not ntude promptly by Borcower.
<br /> Unless I.ender;►nci Aarrower otherwise ngree in writi�g, insunuxe Qrocc.�eds shull be upplied to resroratian or repair of the
<br /> Property dan�agExi,if the restaration or repair is economicnlly feasible und Lender's securiry is r►ot kssenecii.If the restoradan or
<br /> repair is not economicaUy feasible or l.ender'�security would be lesseixxl,the insurance proceods siwll be appUt�d tu the sums
<br /> secured by this Sec�rity Instiument, whether or not then due, with nny execss paid to Borrower. If Bnrcower abandons the
<br /> Property, or dces not unswer within 30 days a notice from Lender that the insurance carrior has offered to settle a cluim,thon
<br /> Lender may callect the insurance procceds. Lender may use the procteds to rcpair or restore the Property or to pay surr�s
<br /> secured by this Security Instrument.whether or not then due.The 30-Jay �Criod wiU begin when the nodce is givcn.
<br /> Unlea� L.Crnier a�xl Burrower uQ►erwise agree in writing, any applicatian of pttx�s to princlprl shall not txtencl ot
<br /> postpone tlk due date of the monthly payments referred to in paragraphs I und 2 or change the ar�wunt of the pAyments. IP
<br /> undcr parngraph Z1 the Propeny is acquired by Lender,Bonower's right to any insurancc policies and praxeds resulting fnm
<br /> damage to the Property prior to the acquisition shall pass tn I.ender to tl�e extent of the sums secured by this Security Insttutmnt
<br /> Immaliatcly pdor to the acquisltion.
<br /> 6.Occupnncy,E'reser�atlon,A'Iaintenwnce s►nd Protection of the 1'roperty;Borrower's Loan Appllcatlon; I.tasdiolds.
<br /> Borrower$hull oc�cupy,establish,and usc the Property as Borrawcr's principal residence within sixty d�ys xfter the exocutlan af
<br /> this Security Instrument and shall contlnue to occupy the Property as Borrower's principal residence for at leau one yau 4fter
<br /> the date of occupat�cy,unless Lender othenvise agmts in writing, which consent shall not be unreasorwbly withhetd, or unles4
<br /> ; extenuating circumstances exist which are beyond Bonrower's control. Bortowcr shall not dtstroy, damago or imp�ir tho
<br /> Property. allow the Pruperty to deteriorate. or commit waste on the Prop�rty. Borrower shall be in dtfault if any forf�itum
<br /> , aciia��o�Nivi.cvuiitg,�ict�`ia:a tii%t{ o�c;+rc3nai, is�:gun ihai i;t L:.txlar's gc�:'aith jurl;as-.,ni�!�r��t in fc�cf�lt��rr1 of thu ,
<br /> :� Propecty or otherwise materially impair thc lien creatod by this Securiry Instrument or Lender's sccurity inter�st.Barrower may
<br />�! cara such a default and reinst�te,as providai in paragraph 18, by causing the actton or procooding to be dismissod with a ruling
<br /> � that. in Lender's goad fafth� determination, precludes forfeiture of the Borrowcr's interest in the Property or other m�terial•
<br /> impaim�ent of the lien cnated by this Security Instrument or I.ender's security interest. Borrowar shall�lso be in default if
<br />.,' Borrower,during the loan epplicatiqn proce.cs,gavc materially false or inaaurate infum�ation or statemcnts to Lender(or failod
<br />-- to provide Lender with any material information)in connection with the loan evidencal by the Note,includi�g,but nat Umitod
<br />__ to.representations cone�rning Borrower's occupancy of the Property as a principal res{dence.If thls Securiry Instrume�t ia on a
<br />•- leasehold, Horrower shall comply with all the provisions of the leas�. if Borrower acquires fee title to tho Pro�rty, tho
<br /> - leasehold end thC fa dtle shall not merge unless Lender agroes to the merger in writing.
<br /> �� 7.Protection of I.ender's Rlghts in the Property.If Iiorrower felts to perform the covenants and agreemrnts containal in
<br /> this Security Insnumtnt. or tlxr�e is a legal proceeding that may significanQy affect Lender's rights in the Property(such as a
<br /> • proaeding in bankruptcy,probate, for oondemnation or forfeiture or to enforce laws or tegulations),tha�Lender may do And
<br /> ' pay for whatever is necessary to pnotect the value of the Properry and Lender's rights in the Property. Lenda's ectians may
<br /> . includa paying any sums secural by a lien which has prioriry over this Security Instrument, appearing in oourt, paying:
<br /> reasonable attomeys' fees And entering on tk�e Property ro make repairs. Although Lcnder ma,y take action under this paregraph
<br /> • 7.ixncler does iwt have to do so.
<br /> Any amounts disbunec�by Lendcr undcr this paragraph 7 shall bxome addicional dobt of Borrowet seci�ral by thic
<br /> 5ecurity Instcument. Unless�'3orrower and Lender agree to other terms of payment, these amounts slull bear intorest fcnm tho
<br /> date af disburscment at the Note rate and shall be payable, with interest, upon nodce from Lenckr to Borrower roqtksting
<br /> payment.
<br /> ' $.Mort=age Inaursmce.If Lendor requirai mortgage insurance as a condition of making the loan securod by this Socurity
<br /> " Instnimcnt, Borrower shall pay the pniniums requirod to maintain the mortgage in3urar�ce in effect. If, far eny rcason, the
<br /> � • mortgage insurarKx cov�rag� requirod by Lender lapses or ceases to be in effect,Borrower shall pay the premiwns required to
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a cost substu�tially oquivalent to the
<br /> � rnst to Borrow�r of the mortgege insurance previously in effect, t'rom an altemate mortgage incurer approved by Lendtr. If
<br /> fsubstantially e��n-ivalent mortgage insurance coverage is not available,Borrower shall pay ro Lender each month a sum equal to
<br /> onatwtlRh of the yearly mortgage insurance premium being paid by Horrawer when the insurence coverage la�+sed or ceagod to
<br /> . bc in cffcct.L�erxlcr will acce�pt,usc and ntain these payments as u loss reserve in lieu of mortgage insurancc. Loss reserve
<br /> � Form 3078 9190
<br /> � Pp�3o1B
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