|
. r�;,� �. .. . _ : �. .:: ��,: .
<br /> ,.� .. , _ _ _.. �,�:-• su�ra:3=,,:;�;
<br /> ..
<br /> .....,
<br /> ;ti.. ..,:.:-... , . . ;,��Y .�:y,��,.,. _.
<br /> � .. . ._ -.--
<br /> � � '��� - - --_— - -
<br /> ..::. ,/ _ .. ,�___.�
<br /> - _-__ ' _..!.'.i�w_�L 'LMr��,�.�-�a�.....__"�.;"___'"'_'—_'
<br /> ����VII
<br /> 5. Hwa�rd or Property Insurance. Borrower shall keep the tmprovements now exiati}M ror her e !he
<br /> Aroperty insured against loss by fire. hazard.g included within the term "extended coverage"and uny other hauuds, including
<br /> flcxxis or tlaxfing, fnr which Lender requires insurance.This insurance shall be maintuined in the amounts and far tfxe periods
<br /> that Lender aquir�s. The Insurance carrler provIding the insurance shall be chosen by B�rrower subJc:ct 2o L,ender's approvnl __
<br /> whtch shall not be unreasonably withheld. If Bonower fails to maintain coverage descrtbed ubove, i.ender may. at I.endor's
<br /> option,obusin caverage to protect Lender's rights in the Property in accordance with parngraph 7•
<br /> All insurance pollcles and renewals shall be acceptable to Lender and shall incl��.;e a standard mortguge clnuse. L.ender
<br /> Ehnll have thc right to hold the policies and renewals.If Lender requires.Bocrower shall promptly gi��e to Lender all recetpts of
<br /> paid premiums and renewal notices. In the event of ioss.Bonower shall give prompt notice to the ir+vlrance carrier and I.ender.
<br /> Lender may make proaf of loss if not macle pro►nptly by�orrawer.
<br /> Unless Lender and Bonower atherwise agrex in writing,insurance procecds shall be applied to restoration or repair of the
<br /> Propeny damaged,if the restorallon or repair is ecanomically feaslble and Lender's security is not lessened.If the restoradon or
<br /> reputr is not economicaUy feasible or i.ender's security would be lessened,the insurnnce praceecis shall 6e applied to tt�a sums
<br /> secured by thls Security Instrument. whether or not then due, wlth any excess puid to Bonower. If Borrower abandons the
<br /> Property. or dces nat answer within 30 days a notice from I.ender that tha insurance carrier has offered to settle a claim, then
<br /> Leuder ni:.y collect tbe insurance procceds, Lender may use the proceeds to repair ar restare the Property ar to pay sums
<br /> secured by thIs Securiry Instrument,whether or not then due.The 30-day perlad wi11 begin when the notice is given.
<br /> Unless I.ender and Borrower atherwise agree in writing. any upplication of praceeds to principal shall not extend or
<br /> postpone the due dute of the monthly payments refcrred to in paragraphs 1 and 2 or change the amoimt of the paymenu. If
<br /> under paragraph 21 the Properry is acquired by Lender.Bonower's r�ght to any insurance policies and proceeds resulting from
<br /> dnmage to the Property prior to the acquisition ahall pnss to i.ender to the extent af the aurns secured by thls Secut3ty Instrument
<br /> immediately prior to the acquisition.
<br /> (�p�cqpancy,Preservation�Maintenance and Prolcction of the Property;Borrower's Loan Applicatton;Leaseholds.
<br /> Borrower snall occupy,establish,and use the Froperty as Borrower's pdnctpal residence within s3xty days after the execution of
<br /> this Security Instrument and shall continue to occupy the Property as Borrower's principal residencc for at least one year after
<br /> the dnte of occupancy,unless Lender otherwise agrees in wrlting,which consent shall not be unreasonably withheld. or unless
<br /> �x:.,;,uating cirr.umstes!c�� exi�t which are bevond Borrower's control. Borrower shall not destroy. damege or impair the
<br /> Property. ullow the Properry to deteriorate, or commit waste on the Property. Borrawer shall be in defauit ii any forfeiiun
<br /> action or pra,�eeding.whether civil or criminal. is begun that in Lender's good faith judgment could msult ln forfeiture of thc
<br /> Property or otherwise matedally impair the lien created by this Security Instrument or Lender's securlty intenst.Bonower may
<br /> cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissad with a ruling
<br /> that, in L.ender's good faith determination, precludes forfeiture of the Borrower's interest in the property or other material
<br /> impairment of the lien created by this Securlty Instrument or L.ender's aecurity interest. Borrower shnll also be In dcfault if
<br /> Bonower.during d�e loan application process,gave muter�ally false or inaccurate information or statements to I.ender(or failal
<br /> to provide Lender with any material informatton)in cannection with the lomn evidenced by the Note.Including.but not limlted
<br /> to.representatioi�s concerning Bonower's occupancy of the PropertY es a Principal residence. If this Security Instcument is on a
<br /> leasehold, Borrower shall comply with �II the provisions of the lease. If Borrower acquires fet title to the Property. the
<br /> leasehold and the fee title sl�all not merge unless Lendor agrees to the merger in writing.
<br /> 7.Protection ot I.ender's Rtghts in the Property.If Borrowcr fa�ls to perform the covenants anci agreemcnts contaIn�d in
<br /> this Securiry instn�ment.or there is a legal procading that may significantly affect Lender's rights in the Property (such as a
<br /> . proceeciing in bttnkruptcy,prabate. for condemnation or forfeiture or to enforce laws or regulations). then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. I.ender's actions may
<br /> inciude paying any sums secured by a lien which has piioriry over this Securlty Instrument. appearing in court, paying
<br /> reasonable attorneys'fees and entering on the Property to make repa�rs.Although I.ender may tuke action undar this paragcaph
<br /> 7.Lender does not have to do so.
<br /> Any amounts disbursed by L.ender under this paragraph 7 shall became additional debt of Borrower secured by this
<br /> Security Instrument.Unless Borrower and I.ender agree to other terms of payment,these amounu shall bear interest from the
<br /> date of disbursement at the Note rnte and shall be payable, with interest, upon notice from Lender to Borrowcr requesting
<br /> payment.
<br /> 8.Mortgage InsurAnee.If L,ender required mortgage Insurance as a condition of making the loan secured by this Security
<br /> Instrument, Barrower shall pay the premiums requirerl to maintain the mortgage insurance in effect. If. for uny reason, the
<br /> mortgage insurance coverage required by Lsnder lupses or ceases to be in effect,Horrower shall pay the premiums required to
<br /> obtuin covernge substuntiaily equivalent to the mottgage insurance previousty in effect, at a cost substantialiy equfvalent to the
<br /> cost to Bonower of the mnngage insurance previously in effect, frum an alternate mortgage insurer upproved by Lender. If
<br /> substa�ttially equivalent mortgage insurance covernge Is not available,Borrower shall pay to Lender each month a sum equal to
<br />— one-twelfth of the yearly mortga�e insurance premium being paid by Horrower when the insurance coverage lupsed or ceasecl to
<br /> ba in effect. L.ender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9/90
<br /> P�ps 3 of 8
<br /> _ - n•;rIXn3^��y �`•� •^"s"T3' Y-.,Y_ �fr� ,:"i•• , � s.t?� . --
<br /> — -1 R 76.�rtw�sli.. 't 1'����a�.>� i«7.tc n� �r -�t���l�7YFq.� a.- �---�� — _.
<br /> . .�- �ir2'�ianiZZ�412_"�1iilAC�h�c � �('i i � -�34 �'♦- � 1� �(+��I �•w�41ps .. . - --�-� ..
<br /> ��r..�h r c �. �,� : er�L �'j, �4l� Sj 1�r ��;_��Z�,.. '. tl�SY��.t�as�e.vxrv�a��rre
<br /> -� - ��"� , y:; "•: }ei'�c�y�1 h !��1lF t��a.�--ir �-� - E —, �'V��StF�—
<br /> S•
<br /> iA19WtG����'��f;t`�A'�`�lt��'( ''•�i i �?�.:y a�� :i��^S�Y�3��'��' l« P4��i'�ri�' :p1�i t�i'�A1Lr-rv�
<br /> -- ,f....sc dn t# ' �+rEr �E{ 4 .�h' ,;,, 3��; ',;r�`."`"•d3 � �� a��'
<br /> �.•
<br /> _ �'+ `{�.#lL'. � ���\r��'���:�"'o "cr',rr. °�,P....�:��� `�' --S'� �� — _ ,''47tY —
<br /> ._.,.�_ .�r� �i „r �l�i. , ;t�:J - a��.nS�i..:�..;i►k•Y�i�4,K'ly Y W.r _ .
<br /> �.n jWs1N1,1�.�,;�,t� �i`♦- �:y)t�1 �y�'.:r`a ti%�`:•..1�1 : -7 f r �� •��t. x�_ — _. -u -----
<br /> — � ��.�3�y���'�Y:'��3� ��f`-.�. r ���, �R1.y�,� rS i aa --
<br />. -.._..____ ._ '�'YZQ.I'�• , • � , I����j�,+,qiTj I 'C�����. __
<br /> � � �,t � Y..i, :4;'•_`4': . -�' ✓-D
<br /> -T S 7. �4�.�`,F�'Y�F;1 1- '. '. r. •t. , ^' . - �qi'l� i�tSi�� n.
<br /> c- _ o-J'}� �- .•�!!'7r,'{:- ,yr�p�,�R?�-'a'1 ��. - - � • �,r��'R �., ' M _ i �,�.�trvy .�IC� ,nC�t� � �')
<br />-F�wG.d�.a..w,�.d _•.t�+�ir: . .. _.....�tiB:.F�..W.._...d�.��_ . . .. . _ . • .. . . . - . ...1.. :��}..;i��'Pw'AFS'-:..iiaC��KViaraas�wsma�rti,a.r
<br />
|