|
� . ...
<br /> . �hr- . � ..,'"`}^��,�:y, .
<br /> �•�Illq'1 1
<br /> . w�.Y�iIP�Y�' . ... � ' ! �x�.-
<br /> y
<br /> . . .f' 4 � .� . � � , _�� ...
<br /> t'd•� . . �.. .. -r••F��wt'y'�,itrJ•.. . 1 .._. ..,.. . . . � . .. _� . .. „ ' . ..<ri�'�.
<br /> �� . ��/o �iS7
<br /> � S.Har�rd or Property Iaauraaa. Bomnwu shall kecp Ihe improvcment�now exisdng or hereafter erccted on thc Property
<br /> ' insurod igainst losa by Cue. ha�rds L►cluded wlthiei the term "extended coverage" and eny othcr he�.azds,including tlaods or
<br /> flooding,fa which Lender roquires 3nsurence.'This lnsurance shall be maintained in the amounts and for the perlods that L.endu
<br /> ' �+equir�,The Insurance carriu providing the insurancc shtll be chosen by Borrowcr subject to Lcnder's approval whfch shell not
<br /> lsc unrea:onably �vithhcld. If Borrower falls ta maintain c.�verage described above, Lender may, at Lender's opdon, obtain
<br />.;:�"':«''F'� covaage to protoct Leada's dghte ln the Property in accadance wllh paregraph 7.
<br /> ' ,,,,,.M.� All Insurarica policias and renewals shall be acaptabk w L.ender and shall tndude a standard mortgage cluuse.L.endu shaU , -
<br /> i+�■.+«+'� h a v e t l�a d g h t t o h o 1 d t h e p o ll c l a s e n d r e n e w a l s.I f L e n d a r r e q u i r e s,B o m o w e r s h a ll From pU y givc to Lendu ali rocei pts of p a id
<br /> � premiums and renawal notias.Im tha event of loss.Borrower shall give prompt notice w the insurance carrier and Lendcr.Ixndu `�
<br /> � may mare proof of loss if not mada promptly by Bo�rowa.
<br /> Unless I.endu and Borrowes otherwlse agee in wriung,inswance procoeds shall be applled to restoration or repair of Ihe __
<br /> • �a pmpeily damaged,if tha reswratton or repatr is oconomkally feasible and I.endu's securlty is not lessened.If the r�estoradon or
<br /> .�' rep4ir is not ecoaomicaUy fcagible or Lender's securlty would be lessened,the insurance pmceeds shell be appUed to the sums
<br /> � sacurod by this Securtty Instrument,whethei or not then due. with any exass paid to Horr�owtr. If Borrowu abandons the
<br /> Pr�opaty,or does not answu within 30 days a nodce from Lender that the iasurauce cairia hav offered w sepk a claim,then
<br />; • Lendec may collect tGe iasurance procoocis.Lendu may use the pmceeds to repair or restot+e ihe Properiy ar to pay sums secuced
<br /> ' .. � by�bis Sociuiry Inst�uinent,whethu a not then due.The 30-day perlod wiU begin when the nodce is given.
<br />� Unless Lender and Borrowu othawie agroc iu wriw�g,eny epplkattan of proceeds to principat shall nat catcnd or postpone —
<br />= ttu Qua date of the monthlY paymet�ts refeired to L�parngraphs 1 aad 2 or change the amount of the paymeats.If uader paragrupt►
<br /> �' � . � 21 the Property ls acq�iced by Lwdu. Borrower's right to any insurance polictes and{x�oc�eds res�ldng from damage to the
<br />_ ° ' Pcoperty prjor w the acquisi�on shall pass w Lendu to the eactent of the sums secumd by this Sxurity Ins�ument immedjately
<br /> prbr to the acqu�sition.
<br /> � 6.Occupancy,Preserv�dun�Mnintenance and Protection ot the Property; Borrower'a Loan Applkalloai Leaseholds.
<br />- Harower shall occupy.establish,and ase the Pmperty as Bortowa's principat residence within si�ty days after the execudan of
<br /> � thi4 Socnrlty Instrumeni and shall condnue to occupy the Property as Borrower's principal r�esidence for at kaSt one year aft�er the
<br /> .' � , �" date of oocupancy. unless L,eudu otherwise ngrees ia writiag. WfI1CI1 COIISCJIt EI18u QOL Ixi t�Il[C8SdI1�I1Iy WitItllGld,O[ UIIIC39
<br /> extenuadng cincomstences exist which ere boyond Bomower's control.Borrower shall not deslmy,damage a impair the Propeity,
<br /> �: .t'';`,::.' allow tba Property to deteriorau� or comtnit waste on the Property.Bonowu shall be in defeult if any forfeiture acdon or
<br /> . . . • �,�.,;-� .
<br /> �',a,��'�., P��B.wi�ccixi civit or c�imirwi,i.�o��u►i�i�ii ii�I�rd�'s g�tt t'a�itt judgtu�st could s�ult ln fatfe:usst af!!se Ps�grsi;ar
<br />�;.�:". ;., otbawlse�urlally impair tbe lkn created by diis Security InstNment or L�ender's security interes�Bomowtsr may cure such a
<br />�-:'� � , •��- defoult end ninstau� ag pmvt.�,�d in paragxapd 18,by causing the acdon or pmceeding w 6e dismissod with a ruUng that,in
<br />����f..�: ` Lqida's good faith dotaminadon.pn�ludes forfaiwre of thc Sorrowa's intuest in the Proputy or other mateslal impattment of
<br />�, ,,�...
<br />-�«��:;�,-. �• the Ik,n creatod by this Sccurity Instrument or Leader's sec�uity inuresG Bomower shall eLso be in default if aormwer,during the
<br /> -..,.,__,..,.� loaa application process�8ave maurialty false or inaccurote iufomiadon or statements to Lender(a failod to provkle Leadcx wit�
<br />- _- �,
<br /> -��r,.: _�
<br />�--.:,,..H,., any material ;pfamadon) in connocti�on witb ihe loan evidenced by the Nou, including,but aot limited to,representadons
<br />:';�;,;',,;. concemiag Baroau's occupency of tha Propercy as a principal resldence.If th�s Socurity Inslniment is on a leasdwld,Borrowa
<br /> {.',�,;;,.�-. .� �twll comply with all tlu pmvLsioas of the lease.If Boirower acquires foe ddc to the Property,the leasehold and the fce dUe shall
<br /> --:::�:.: not maga unkss I.endcr Agtoes w the merger in writing.
<br /> .�c,�.t:
<br />��a.�u.`� 7.Protecdos ot Lender'd Riehts in the Property. If Borrowu fails to perform the covenants and agmements contained in
<br />,._._._.._..� this Sceurity Instrument,or thae is a legat procoeding that may significandy affect Lender's rights in the Property(such ag a
<br />�"�+.�� p�oceeding in banlwpuy,Prc�bate,for condemnation or forfeiwre or to eafocee lewa or regulationa).dxn Lcnder a�ay do and peY
<br /> —�`=.9`�''���� fa wh�va is necessazy w protect th� value of We Prope:iy and L�ender's dghts in the Pmperty.Lender's actlons raay ficlnde
<br />_:�-;�:"'- p�yfag ony sums secured by a llen which hag pdoriry over this SeciuIty Instrument,aPP�B in court, PaYlnB reagonable
<br /> �:�,',�;�:.F, apomeys' fees and entering on tha Properiy to make repairs.Although Lend�r may talce acdon under thLg paragraph?.Lenda
<br /> - �. tfoes not have to do so.
<br />.i5�.;:'wi�.:. Any amounts disbursod by Lender under this paragregh 7 shall becomc addidonal dcbt of Borrowu sccuc�ed by this Security
<br />�f`",°-��3. Luwment Unkss Bomnwer end Leaedu egree to ottxr tecros of payment, these amounts shall bear intaest from thC date of
<br /> �-YY:d:_
<br /> -����-= disbuisuaent at the Note rate and shall be payabk,with lnterest,upon nodccs from LeAder to Bomower nquestinB PaY�eni
<br />=='—���-��� 8.Mort=age Insuranea If Lender requirod mo�tgage insurance as a condidon of maldng tho loati sec�ued by this Securiry
<br />�'° n Inauum�nt, Borrowu shall pay the premiums nquirtd to maintain the mortgage insurance in effect If,for any reavon� the
<br /> '�":"•..�
<br />;�,�:_�y;�.,.
<br /> �natgage insurance covuege required by L.ender lapses or ceases to be in effeci,Borrower shall pay the premiums mquirod to
<br /> i`� � oMain covrrege substantially equivaknt W the mortgage insurance pmviously in effect,at a cost substandslly equivaknt co the
<br />���� " �� oost W Borrowa of We mortgage insurance proviously in effect, from an altemsta mortg�ge insunr approved by Le�dcr.If
<br /> � substantially equ�vaknt mortgage insurance cavorage is not available,Borrowa shall pay to I.ender rach month a sum equal to
<br /> .'' '�`:�.` one-twelfth of the yearly mortgage insurance premium being paid by Bomowa�vhen the insurance coverage lapsed a ceasod to --
<br /> ' • be in effect. Lender wUl acxep� use and retain these payments as a loss reserve in lien of mortgage insurance. Loss reserve _
<br /> Form 502� 91Y0 �
<br /> �-6R(NE)caz�z�.oi rap•a oi e iniciau: _ _.. . �
<br /> �;,
<br /> . ,� ��
<br /> -' Lc..
<br /> �`
<br /> —_ �'
<br /> ._._. _. _ _... � --. ._ . . . . ....... . ....... . ,.: .,�-------�—"� _
<br /> �' � .Ri:. ;r.-.. , . �"-„_�.�_
<br /> � ,.
<br /> . . � _ .._. __ . __. ._
<br />
|