|
, .,
<br /> .`���
<br /> � -
<br /> :i"~x-::.' , ,;r,,,. ":
<br /> . . i .. . _
<br /> �i . . .
<br /> . �.
<br /> ., , .. . . g?- /��//� �
<br /> • � S.Ha�ard or Property Insurana. Borrowcr shall keep thc improvcmcnta now caisting on c�rcaftcr crcctcd on tha Property _
<br /> insured against loss by Cue, hazards included wlthin thc tcrm "cxtendcd covcragc" and any othcr haa�.tuds, includjng floads or
<br /> �' floodLig,for which I.ender requires insurance.This instuancc shaU bc maintained in thc amounts anJ for�hc periods U�at Lcndcr _ ,. -
<br /> ��,,,;,,� rcquirey,Thc}nsurance carrIer providing the insuranc�shall be chosen by Borrowcr subject to Lcndcr's approval which st�aU not _.�;�__
<br /> . , .:� be unreasonably withheld. If Borrower fails to maintain coverage described above, L.�nder may, at Lender's option. obtain ::
<br /> coverage to protect Lender's rights in the Prope�rty in accordanco with pazagraph 7. �-', -.
<br /> `•� All insurance policies and cenewals shall be acccpteble w Lender and shall include a standard moctgage elause. Ler►derahaU •�� �=
<br /> � have the right to hold the policies and renewals.If Lender requires,Borrower shaU prompdy give to Lender all receipts of paid . _;,� �
<br /> ,� pm,miums and renewal noflces.In the event o f loss,Borrower shaU give prompt norice to the insurance carrier and Lender. Lender _ _
<br /> may make proof of loss if not mad�promptly by Borrower. "�__
<br /> �• Unless Lender and Banower otherwise agree in writing.insurar►ce Proceeds shall be applied to restoration or repair of the 1:°�.,�_
<br /> a
<br /> , �roperry damaged,if the reswraaon or repair is economically feasible and Lender's socurity is not lessened.If the reswradon or _ _
<br /> repair is not economically fc�aasible or L.ender's security would be lessened,the insurance proceeds shall ba applied w the sums _-
<br /> s
<br /> . ,,��, secured by this Security Insm�ment, whether or not then due, with any excess paid to Borrower. If Borrower abandons the -__
<br /> ''�� Propertyr, or does noi aastiver wlthin 30 days a nodce from Lender that the ins�rance carrier has offered to seale a claim,then ____
<br /> I.ender may collect the insurance pmceeds.l.ender may use the proceeds to repair or restore t he P r ope r ry or t o p a y s u m s s a u r e d
<br /> by this Security Insmiment,whether or not then due.'Ibe 30-day pedod wU1 beSjn when the nodce is given. -
<br /> Unless I.ender and Borrower otherwise agroe in wridn8��Y aPPU�don of proceeds to prii►clpal shall not extend or postpone -
<br /> ' the due daus of the monthly payments referred w ia paregraphs 1 and 2 or change iha amount of the pxyments.If under paragcaph -
<br /> 21 the Property is ecquired by Lender, Borrower's right to any inswYU�ce poHcies and proceeds resulting from damage to the ;y;-
<br /> Property prlor to the acquisitlon shall pass to Lender to che extent of the sums secured hy this Securlty Iasuument immediatelY __
<br /> prior m the acquisipon. -
<br /> 6.Occupsincy�Preservation,Mnintenance and Protectbn of the Property; Borrower's Loan Appllcation;LeasehoWs.
<br /> Borrower shall accupy.establish.and use the Property as Borrower's principal msidence within s'vcry days aftcr the executbn of
<br /> this Securiry 3nsuument and sheU conWue to occupy the Propecty as BorrowePs principal msidence for at lcast one year afur the '�
<br /> _— ----- � of cxupsncy. unl� T p�nde�►othe�wi.�e agrees in wridng, which consent shall not be unreasonably wlthheld,or unless =
<br /> eactenuadng circumstancas eaisi which are beyond Bosrower's control.Bormwer shall not destroy,dameBe or impair the Property,
<br /> albw the Propercy to deteriorate. or commit w;ute on tbe Property. Borrower shaU be In default if any forfeiwre acdon or
<br /> y, procoeding,whether civil or criminal,�S begun that in Lender's good feith judgment could msult in forfeiwre of the Property or
<br /> ahe�rlse materiatly impair tha Hen created by this Sxurity Insuumeat or Leadex's secu�ity inceresG Borrowcr may cure such a
<br /> default and relnstau.as provided in paragreph 18. bY causlnB the ac�on or procceding to be dismissec!with a rullng that,�n
<br />� � Lenda's good faith determinedon.prxludes forfeiture of the Bormwu's interest in the Property or other materlal impairment of
<br />` the llen ctratod by this Secnrlty Instrument a L.ender's scciuity lnteresG Borrowu shall also be in defaulc if Borrower,during tha
<br /> � loan applicadon procass.gave materially faLSe or inacc�rate information or statemeats to Lcndcr(or failod tn pmvide Lenda with
<br /> any material inforn�etion) in connecdon wlth the loan ovidencod by tha Note,including. but not limiced to, represenmtio�s
<br /> • coaceming Borrower's occupancy of tha Property as a principal residence.If this Security Instrument ls on a leasehold,Sortower
<br />- •.-�••,. • shall comply with all the provisions of the lease.If Bocrower acquires fee dde to the Proputy,the leasehold and the fee atk shell
<br />" :�'..� not mage unlcss Lender a�a.s tn the mesgu in wriang.
<br />""`` "' 7.Protection ot Lender's Rights ie the Property. If Borrower faiLs w perform the covenants and agrcemenLS contained in
<br /> : � this Security Insuument,or there is a legal proceeding that may sIgnificsndy affoct Lendu's rlghts in the Property(such as a
<br /> procoeding 3n bankruptcy�probate.for condemnad�n or forfeiwn oz to enforce laws or regularions),then Lca�det may do and pay
<br />-�- for whateva is neces.4ary to protoct the vatue of the Property and Lender's r�ghts in the Prope�ty.Lendu's acdons may include
<br />~,�• PaY�B aay sums secured by a Uen which has priority over this Securiry Insuucnent,aPP�nB � ��•PaY�B�nable
<br />= �.. auocneys' fees and ente,ring on the Propeity to make repairs.Although Let►der may take a�tion under this paregraph 7.Lender
<br />�;.:."�`x.'-- does not 6ave to do so.
<br /> . My amounts disbursed by Lender nndu this pacagraph 7 shall bocome additional debt of Bonower secured by this Soc�uiry
<br />`-� ", , Inswment Unless Borrower and Le�►der agr�ee to other terms of payment,these amounts shall bear interest from the date of
<br /> � disbiuserrient at the Note ntte and shall be payable,with interest,upon notice from Lender to Borrowu requesttng paymen� —
<br /> 8.Mortgage Insur�tna. If Lender required mortgaga insivance as a condidon of making the loan secured by this Securtty _
<br /> Ins�rument, Borrowa shall pay the premiums required W maintain the mortgage insorance in effect If. for any reaSOn. the =--
<br /> mortgage insuranee cove�rege requirefl by L,ender lapscs or ceases to be in effect,Bomower shall pay the premiums required to —
<br /> obtain coverage substantially equivalent to the martgege insurance prevIously �n effect,at a cost substantially oq�xivalent to ihe =_ --
<br /> cost w Borrower of the mortgage insurance previously in effect, from an eltemate mortgage insurer approvod by I.ender.If _____
<br /> substantially equivelent mortgage insurance coveraga is not available,Sorrower shaU pay to Lender each month a sum equal to �;_�._
<br /> one-twelflh af the yearly moctgage�nsarance premium being paid by Bonower when the insurance coverage lapsed or aued to "�?=-ws--___
<br /> be in effec� Lender will accept, use and retain these payments as a loss reserve in lieu of mortgago insurance. Loss cesetve --_=_-�_-
<br /> �•=.�""-_
<br /> y
<br /> ':':;;;—�:.__�
<br /> � Form302/ �100 �� ,
<br /> . �•6R(NE)tc2ts►.ot Pap•�ots �nU��i�: � :.",
<br /> - - -_-._ �_ __-__-;- . .
<br /> � '
<br /> .. .. ...... . .. . ._. _............ .. .__.__...,,,,�
<br /> j , ,
<br /> �.1 � - ..
<br />
|