|
.�,a,� , � �..��.;,,iw�ws?.....�. . �
<br /> . wTM . .. '�{� . !P I���j�.v�56ft:i���?�id�;'IVSi�1iS � nc . •f��lYS'�- -� -�---
<br /> - � '9':if�'�'��"�" S���i�Z..�—�r �2��
<br /> 'F��i,-=- ---- -e.u11�!! p��- -_-------
<br />._-�a• ."__ .' '___"�_-`J.�Y�.�.�.��L�w�.__"_'-___`�___`"_�.._ .Riii�.�1Td:'_.5---'"Y-____--
<br /> - _______� - -ar...��wr.)l��'_•�=--.=:-�a--.__. ---
<br /> .-....�n - � �....�-t-..---•-----.�_-�.o.�.�.__ �_'__
<br /> .i._ .
<br /> .. .___._`_._. . .
<br /> _....... ...... .
<br /> . . .
<br /> ;� 97—sos233
<br /> 5. Hpzard ar PropeMy Insurancc. Borrower shull kecp thc tmprovements now existing or hercafter erected on the
<br /> Property insured against lass by fire, hazurds included within the tern� "extended caverage" and uny other hazards, including
<br /> flnexls or flcx�ding, for which Lender requires insurance.This insurance shnll be maintnined in the amounts and for th�periods -
<br /> that Lender requires. The insurance currier prmidins� the insurance shull be chosen by &�rrower+uUje�:t w l.ender's approval
<br /> which shall not be unreasonubly withheld. If eanower fails to maintnin coveruge descriUed abave, Lender may,at Lender's
<br /> option,obtuin coverage to protect l..ender's rights in the Property in accordance with paragraph 7.
<br /> All insurance pol(cias nnd renewnis shall 6e acceptahle to I.ender und shall include a standard martgage clause. I.ender
<br /> shall iinv�the right ta hold tho policies und renewals. If l.ender requires,Borrower shall promptly give to Lendec Al!r�eceipu of
<br /> paid premiums nnd rene�val nntices.In the event of lass,Earco�ver shail give prompt notice to the insurance carrier and I.ender.
<br /> L.ender may mtilcc praaf of loss if nat made promptly by Bonower.
<br /> Unless Lender and Borrowcr otherwise agree in writing.insi►rancc procccds shull be applicd to restorntion or repair of the
<br /> Property damaged, if thc cest�rntion or repair is economically feasible und L.ender's security is not letxenad.If the restorntion or
<br /> repair is nat econamicAlly fcusible or I.ender's security would be lessened,the insurance proceeds shull be applied to the sums
<br /> securcd by this Security Instrument, whether ar nat then due, with any excess puid to Borrowcr. If Borrower nbandons thc
<br /> Pr�petty, or does not imxwnr wlthin 30 duys u n��tice from I.,ender that the insurance curricr hus affered ta scttie a claim, then
<br /> L.e��der may collcct thc insurancc pr�xc��ls, I,cixicr may usc thc prcx:ccAfs ro repuir c�r restorc thc Pmperty or ta �uy sums
<br /> secural by this Securlty In�trumm�t,whether or nat thcn due.The 30-duy period will hegin when the notice in given.
<br /> Unlcxs I.c�xlcr mxl Hormwcr i�thcrwisc ugrcc in writing, uny upplirution of prcxcaiti to principul shall �x�t cxtctxi or
<br /> �x�tit�xme the duc Qutc of tho munthly puyments rcferrcd ti► in parugruphs I und 2 or chungc thc umount of thc paynxnts. If
<br /> utxlcr purugruph 21 Ihc Pro�x;rly ir;urquircJ by l.cixter, sorruwcr's rlght tu uny insuruncc p��licics u�xl prc�cccds resulting from
<br /> dumu�e t��Ihc Pro�xny prf��r tu U�e ucquihition shull puss to I.cndcr to U�e extent of thc sums sccurai by this Security lentrunxnt
<br /> inunaliutcly priur to thc ucquinlUon.
<br /> 6.Uccuppncy,1'r�urvat�on. Mwintenance wnd YmtecH�m ut the Property; Borrower's L.�An Appflcatlon;lxaseholda.
<br /> Borr�wer shall a:cupy,estnblfnh, und ur,e the Prnperty us Borrower's principal residence within sixry duys after the exewtion of
<br /> this Security Instrument und shnll continue to occupy the Property os 8orrower's principul residence for at least one year after
<br /> the date of occupancy, unl��s Lender otherwise ugrecs in writing, �vhich consent shall not be unreasonably withheld. or unless
<br /> cxissuatittg circusnslan�^..� �Y4st which ure beyond Borrower's cantrol. Borrower shall not destroy, damage or impair the
<br /> Propeny, allow the Proporty ta dctcriorate, or commit waste on the Propeny. Borrower sha11 be in defaull if any fort'eiture
<br /> action or proceeding, whether civil or criminal, is begun that in Lender's good falth judgment could result in forfeiture of the
<br /> Property or otherwise materially impnir the lien created by this Security Instrument or Lender's security interest. Borrower may
<br /> cure such a default and reinat�te,as provided in parugrnpl� I8, by causing the action or procee�ing to be dismissed with a ruling
<br /> that. in L.ender's good fAith detcrmination, precludes forfeiture of the Borrowec's interest in the Property or ather material
<br /> impairment of the Iten created bv this Security Instrument or I,ender's security interest. Borrower shall also be in default if
<br /> Borrower,during the laan�ppltcation process,gave materially false or inaccurate information or statements to Lencler(ur fulteS
<br /> to provide Lencler with any muterial information)in connection with the lonn evidenced by the Note,including, 6ut not limital
<br /> to, representations wncerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> leusehold, Barrower shull comply with all the provisions of the Iease. If Bonower ncquires fee title to the Property� the
<br /> leasehold and the fcc titla shall not mergc unless Lendcr agrees to the merger in writing.
<br /> 7.Protection ot I.ender's Rights in the Property.If Borruwer fails to perform the covenants and ugrcements cantained in
<br /> this Sec:urity Ingtrument, or there is a Iegul proceeding that may significantly affect L.ender's rights in the Praperry (such as n
<br /> procceding in bankruptcy, probate, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do und
<br /> pay for whatever is necessary to protect the vulue of the Property and L�:nder's rights in the Propeny. Lender's actions may
<br /> include paying any sums sccurcci by u lien which has priority ovcr this Security Instrument, nppearing in court, paying
<br /> reasonable attorneys'fecs and cntering on the Property to make repair�. Although I.cnder may takc nction Under this paragraph
<br /> 7,L,ender does not have to do so.
<br /> Any smounts dtsbumed by Lcndcr under this paragrnph 7 shall bccomc additional debt of Borrower secural by this
<br /> Security Instrument. Unless Bormwer and Lender agrce to othcr tcrms of payment, these amounts shall bear interest from the
<br /> date of disbursement at the Note inte c►nd shall be pAyable, with intarest, upon notice fram Lender to Borrower requesting
<br /> payment.
<br /> B.Mortgage Insurance.If Lcnder reyuired mortgage insurancc as a wndition of making thc toan secured by this Security
<br /> Instrument, Horro�ver shnll pay the prcmiums reyuired to maintain the mortgage insuruncc in cffcct. If, for any reason, the
<br /> mongage insurance covorage requireci by Lender lapses or ceases to be in effect, Borrower shull pay the premiums required to
<br /> obtain coverase substnntinlly equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> cost to Borrower of the mortgngo insuratice previously in effect, from an ultemate mortgage insurer approved by I.ender. If
<br /> substantially equivalent mortgngo insurancc covcruge is not uvailable,Bonower shall pay to Lender each month u sum equul to
<br /> one-twclfth of the yesrly mortgage insurmue premium bcing paid by Bonower�vhen the insurance coveragc lapsed or ce��sed to
<br /> be in eff�;c¢. Lender will acaopt, use und retain these payments as a loss reserve in licu of mortgage insurance. Loss reservc
<br /> Form 3028 8/90
<br /> P�ge 3 of B
<br /> -.�* .-_ - . .. '—_, --- - - --------- --- . r, t ,�` . -..��.e.,-,�-°"---n --- - . .-q,.--.�._._..�
<br /> A - "7 ^'! . '��t. ' �� �
<br /> �-',�i5` .. . - --. .. .. _- . .. .. . . . . . .., ' _- ,c L4,�h`� �.�y . .. . ryP� _'
<br /> iu.t . e = . � , r �7.�
<br /> it� � . . . � . ' � � :r;'+i,' •� - . _� x.?=-
<br /> __"9.'i`: .. . . . . '''?:/ . ' '_�
<br /> _ ''. ' _ _ _ _ . . • ;n.K� i� • t•,w,, . ' �y":
<br /> - . .. . �}� . _ r 3'T-.
<br /> G., • . r,. „ _ ' r� ;iy�'i�.•L!. _-w . `,?;�.ti:,
<br />:if'....c :. . - -�- ,`�r�,: , . � �..:
<br /> -- �' . 5r: �''s::;�.r';:�'...'tv"���1':
<br /> Fti �i` M�
<br /> -�.. I - ' ' �`I('•� W iti{]FL~-=.-
<br />—���-J ' . �1 . .. - �w �#;�1�.�t�r�x �.
<br /> r.,� ����,_
<br />?'t',Y'. ' • �i�:l . .
<br /> . ' ` .. .1' .. : ��` . .` . ,
<br /> ..., ,
<br /> .. .
<br /> .� .. .. .ulqf�,•.lJTf���..��.r. •i. �� • .
<br /> n.: . •L' . - � YI .
<br /> -1. / ji � ..�_.-..-
<br /> �� �w.a��ras�-. . � .._'... PLd.
<br />
|