|
.�',�.o.:� .�:�- .
<br /> . . .
<br /> ._..� . , _ . . .. -�-- - -... . . ._:. . _ _
<br /> ---�---� -- . .. - -- - - -
<br /> . - - ---—- - ------ _ _ .
<br /> �_ _____
<br /> �
<br /> _..... ,.- �.. _ . ., ,- �
<br /> � _ _ � .;. . —. . ._ _ . .-_ ..�' -_" "_____'_' _ ' ' T"' � ` 4' .
<br /> ' _.41,._ � '�_ '_..: '.,i . . . ..
<br /> . .._ ' � Y lfi..� �<. _ � 1,�.. �+(. a.. "�_ .� S y '.r.1�./..:..>.x��.._di.`++.r.�+wy;
<br /> yy O _
<br /> `r , ��~ �.����� -
<br /> ...
<br /> . ... :, __� 5. H�uaid or propc�tL, tnsurance. Rom►►ser.ehalt k�ep the impru��ements n�fw cxititing ov h�rt:af4:r erecatii on thc :�
<br /> ,��•'-_. _ „-..'
<br /> . :�._..� ..: pfuprrt�� insured agaicut.tnss.E+y fire.hz�iardk incl��c�.��ithia[he eerm "extended ca�erage' :�nd an�other hs�r.ard,. induding '--,f. -
<br /> _ � t�oads ur il�xxiiag.for titihich•I.crtdc.`r•tex�uil�;s insuturi:�:.Thi�in.uran�ti,hali bc mainiainu!in the:unnue�ts and f'ur the�ri�hi+ :
<br /> ; ,` _' _•'
<br /> ' � �`.`, tha�Lendes requircs. 7'he io.uran��q r�niat•�n��3ding thr in.ura�zce shali i�c��hu.en by E3�tirames.ubjctt w Lender+ •rppruv;�l ; •,,.
<br /> r
<br /> ahich�ha{! not be unnasduaht}; �rithheW. t[:Bntro��c�faitti to maintain a►���r.�ge dc.�crihai abu�c. I.enst�r ni:►�.at l.�:nd�7 s ,
<br /> . ;` ' opti�n.obtain r.»er�ge tu pmt►�ct Lcndcc'�tight�io,the.Pr�iprny in accor►i:mce�vith p;u~.�r,►ph 7.
<br /> '� ' All bmucui��x�{icie+:snd rett:�w•rls.hslt�be;sacort�ble to LenJer:uui�hall incfude a+tandard mortgabe clau4e,i�nder
<br /> �} . �6a11 have the right to hald:the policies arn.i•�eaxl�: lf�Lender require�.Burre�wer shall pmmptly gi��e ea i.ender ail receipts of °�. -•::
<br /> : ` pai�premium.and reue�r�!nntir�s.[�:�h�bv�nt:uF;l�►��BorroKCr�4�a1!Lei�e ptompt notice tu the insurance carrier and Lender.
<br /> �. �,�., .
<br /> �,� . "'• Lendrrrtrry makepc�x+f�«Y:tmsif,a�n�m�xta�tmmpit�±:b�;Barrulcer. %,;'..`�.
<br /> , :'::`.: <-,=�. � Unless l.ender:a�trsi�trrnr�t�'�otf�enti;r�e u�r�in�►��riting.insuran�r prucei�d�shal!tn applied to restoration Rr rcpair uf thc
<br /> -�-��-==-'=_ •
<br /> �-".`-� .
<br /> F;:,:. ' ;��., Property damaSFd.,ifs;ifa r�t�in►tiun,or repatt iy a.�nitiicaliy fea5ible:uld l.�nd€r s securi:y is nut lesx�d.!f the r+estoratinn or `<.t..
<br /> . repair is nut emnomitra111,r�firi�ihto or.Lernier s�:arity.'�•ould be tessened.ehe insurance procoeds s1wi1 be applied to the sums ';':-
<br /> : . `.._ ;�� secured by �his Secvri�u:4�st�iinieuk��'h�►t�n c►r,not then due. with any excess paid to Borm►ver. If Barrower abandor�.s the � �;.:Y,'•;
<br /> �` Piroperry.or does nos,anst�aqr•.,�idtin.3Q<it�ys a notice frpm I.endes that the insurance canier has offered to settle a claim, then
<br /> . -- . . ---�-� .t' 'L.ender ms►y cailec�•thR:iqs�tmnce pmceeds, I:ettdar,.may use the proceeds to mpair or restore tlte Prvperty ar to pay sums ` .
<br /> � . �f � " , secuned by�hFs Secnritir,�j'q��ir{inem.�fiether:uo n��f�Qiem.due=The 30-day period will begin when tha notice ia given. �`� `
<br /> '� � � Untess�.ender and�Batrmver..otiteruiss�agt�s�n:t�7'itin�. asry apptication of pmcePds t�,principa!�shut!.not extend or �'��'�'..,�
<br /> .. �y`� postpaane thp.dlse date of the maiftUl!t•paymemt�rQTamxl�to in�fj�atnEraPhs ! and 2 or ciiange the amnunt of the payments. If :
<br /> s
<br /> , .:f,': �� urider p�arng�aph 2t the Prape�ty•i�t�qtiitf�d:b�,tl:eirder.Bumrtv�'`s right to any insurance polieias and proceeds resulting from Y�:
<br /> � ' . � �{•"% damage to the PmP�Y Prior to tT10 aaq{�ifi�;(risr;shAill��ss ta�xc►iicr to the extem oE the sums secured-by thia Security Instrumeni , ,<<.,;
<br /> . :��..:;`;�.Y; immediately.pdor to the accluisitiart:..`. �:� •'`..`;�.•. •. • '�'����:
<br /> r.:;<�.
<br /> ;'t,:;� 6.Qcenpaacy,Ptes�'vation..i��i4ifft�lN1�.��uid:l�tutectEaa di the Property.Borcower's Loan Appl[c��on;I�esseholds. �,,,',.�,,
<br /> �•.•,
<br />_�, .- .;���•,:,;;x�'� Barcower s4�t aceuPY-estab�isti;;and�u��Ift�Prop�cty`as Bamnves's principal residence within sixt�+days a�ter the execurion of ;�.<:.;
<br /> '�.�� � the Ptn as Sorcower's ci al residencc far at least one yqr after
<br /> :"'+��G;���' : • this Searil�'Insm►mxnt�and shall;tuniititis to occuPY P�y. . � p ` `;,,:.
<br /> , �',.��. '��'�`i�'. the due of occupanay.t�(ttess 1�ender�othenviss ag{ees Ii�•�iuinch oonsent shal!nut be unr�onably witht�etd,or unless . . -_..:
<br /> . � � � ' exteuuating circumstqnGe`s eaist wt►ich are beyon�.BtiFrovii�r's coauol. Borrower shall not destcoy. dmrn�ge or. impair tiie +-•:,`:_
<br /> � . `�r�� proper►Y• alloa d�e Property to deteriarate,or ca in waste on.the Pro e Borrower shall be in default if auy fodeitnre - ��� :`
<br /> , ` erty �.•. F �• t .
<br /> =a����'`' n ti�at in:i;�uder's oad faitn'ud ent could res�ilt in forfeiture of the
<br /> :.;Y� .�: action ot proceeding,wdetf►er civ►��ia?�na1.is�i g 3 � � -
<br /> � :�ss. 1
<br /> _ . .�-g Property or othernise materially i{u�i+`�li`i�}7�en t�t�d by this���:vrity Instrument or Lender s sa�rity interest.Barrower may
<br /> - ;; :. cure such a default and reinstate �s�s�+axi�i�i++�p�s',�aPh IS.by c�iising the.aetlon or proc�ing to be dLsmissed with a�vCing .
<br /> . �� that, in LendePs good�fa�ib�it�grl��t�-�it.�:'f���s forfeiture of�the BorrpwEi's intecest in the Property or other material ;. ,
<br /> :'.�.
<br /> _ impairment of the�ien•��t+�d by this Seric�y'�izitinent or Lx�ider's seruri4y interes� Borrower shiili alsa be in defaWt if .°� �
<br /> ;' xi , . .,
<br /> ;. ;- ;...�;. Borrower.darirsg the laati'apPlication pracess,Save rs�ateriatly fatse or inaccurate information or statemepts ta Lender(or fai'le8 .:r,',
<br /> .;.`;r,...;�:;'s:.��- ::° m pruvi�IIr�rc�c an'�ie.$�ry materia!infom�ation)in wnnectian�lvith the lo�n evidenced by the Note.iaciuding.but aot limited�' �'•::5,; ',:
<br /> � ' �"� to.rePres�r�:�ron�aqing Eorrower's accupancy of the Pcm�Cl-��as a principal msidence.If this Seruriry�It�uirnt%s�ui� ;, {� ;;
<br /> �: , leusehold. Sorrower.��S�Lt'comply with ali the prov��o�s dT�I�se. If�irowev acquires fee tide to�di�$r{�y^«?�
<br /> �3�'.t�f ' f '�� . . 'Y`�f11CfgCC1I1,%T1t111g.. .•,_ ,� " t}�.•
<br /> ; Irasehold and the fe�t"rSe shalt nat merge unlesg 1����iq;.,:
<br /> `•� , :.:'. 7.�'rrotedtoa of Leackr's I�ights in the Prnp�LK:;.,'t�i.ia?s'NSi�aits to pert'o:sn the covenanu and ag�ats coi�taine�f in� �t . �' ��
<br /> , � f�; � this S�'�Instrumen�or tfiere is a!e$at Prooced�C�!� ,+�:R�ss.�u�tly affect Lender's rights in the.Ptoperry (such as a •, �, ,"
<br /> . `�� ��' proceecl�in bankruptcy.probate.for condemnaan�b�fort�-uc to eaforce laws or regulatioas),then Lender may do and y� ,
<br /> • � pay for i�rbatever is necessary to protect t hc v a tqe�«�'�1 t c Fro�erty an d L e n d e r`s ri g h t s i n t h e P c o p e r t y.l e a d e r s a s t i o n s m a y �'�i�;� :
<br /> :, .
<br /> •�<:��:. include paying any sums secured by a lien w�3,.i�� p�fority oyer this Security Instrumeat. appe�ui�tg in caurt. paYing ,� �,;•,-
<br /> : .. reasoaab�t��ttomeys'fees and entering on the Pre��'hi make reP�i�s•�►1�augh Lender may take action under�his paragrapb ;� '�� �
<br />_ • � , �., .'" 7.Lc.�i�s5�cs not 6uve to do so. • �• ' C :
<br />-�`:��,. �•' � Ar.y�[ounta disbursed by Lertder under'aji:s.�raBraPti.,T;�kall become additional debt of Borrower s�uied by this . -:
<br /> . gecvrity In�nmieat. Unless Borrower and l.endix�e to other'f�ns og payment.these amounts shall bear interest from the
<br /> .•., ' date of disbwsement ac the Note �ate and sh�il•1�,�yable. with�merest. upon notioe from Lender.to Bonrower requesNng
<br /> .. •...''- pa�t- ,: '.
<br /> ' . 8.Mortgage Iasvrance•If Lender required mortgage insarance as a condition of malring fhe loan secu�d by this SecuntS!
<br /> � ' Instrument.��wer shall pay the premiums requiied to maintain the mortgage insuranoe in effat. iP. for any ieason,the �
<br />-_ -. -- m.ort�e iasarance eover�ge�uired i+y l.ender tapses or ceases to be in effea.Boirower shall pay thv P���9uired to P��'.
<br /> a
<br />_ � • �,, obtatn coverage substwtially equiva�ent to the awrtgage insurance previonsly in effect,at a oost substantia![y equivalent to the. �i'."�
<br />=- � . : i�:;.Z��:: cost to Borro�ver of the mongage iasurance previously in effece.from an altemate mongage insurer appmved by Lender. If
<br /> '�}:.''��:���: ..; substantially equivalent�ortgage insurance caverage is not,av�ilnhle.Borrower shall pay to l.ender each motuh a�sum equal tu
<br />_ .- :�,...t..•f; . � .
<br />° -� �s one-t�eltih of the yearly mortgage inw�rance premium being pc�ir3:l�j Sorrower when the insus3nce coverage lapsod or�to ; :.
<br />- = . ,. ..:, . . .; :; , be in effect.Lender will acQepl.use and retain these paymentsti� aloss reseive in lieu of mortgage in�uraace. 1.oss t�eserve
<br /> . . . icrtn 3018 9/90
<br />—;, : . vaae�me _
<br /> _ . :} •. .. . • , {.,
<br /> y
<br /> i . �.
<br /> t ' � ei• .
<br /> ��• . �'�LT..w�'�.)� .�� �.wl . . .. '�S �t�Z (��.iJ. . �
<br /> � } '���'`i..."..w. ` , . . . . . . . "ar�.�1 ti�� • ' - . . ..
<br /> -�- , , t . . . . . , .
<br /> `tf::� � ���1fif� ., � . ' ' • � . - . ' - • . - •,} .
<br /> �'•�ii��: .�.•.:��(��ti
<br /> �
<br /> • � ,.. .•:
<br /> ��l t.�.._
<br /> ' . . . . �
<br /> .'�. ,. }.�•:t.. . .- • . � .,
<br /> : � . . ..' , , . . .
<br /> -. -. - . . , .�.,i. . . � . . . . . . •, _ : ` , .. . " ` :�
<br /> . . , '.! . ..
<br /> , . . . ,
<br /> _ . . , . , -• - - ...- - - __ - -- �— ------ -
<br /> � . � ' . ' ' .. . . . �:;. . . .. ,. .
<br /> ��. . .. . . . , . • . . . . • . • .
<br /> 4 3 _ , . _ � _ . . . ...� . . � . � . _ �,�. . _ . . .. .1 '� .
<br /> ' , _ -.� -..., . � , -,' .• _ •
<br /> ,?t�v.� .. . ' • . . _..... . . . _ . _.
<br />
|