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<br /> „ � LOVE
<br /> � � • RE•RECORDtl1��� �,I�t"rQ� ������s��
<br /> � � ' from dnmage to the Propeny pdar to the ncqutsl� shall pnsa a n to the extent of the aums secured by th s 5ec ty :
<br /> Instrument imm�dintely prior to the ncqulelcion.
<br /> ' � 6. Occopancy� Pr�servutton, Malatenas►ce mnd Protectton of the Propertyi Borrower•s l.oan Appltcation;
<br /> Leaseholds. Borrower ahull occupy, estublish, u�td use tbe Praperty as Borrower'R principal resldence within sixty days
<br /> after the eaecuNan of thia Secudty lnatrument and ehaft continue to uccupy the Property as Burrower's princlpal residence _
<br /> for at least one y�ar aftet the date of occupancy, unless Lender otherv�lse agrees in wdting.which consent shall aot be ;
<br /> ' unreasonably withh¢Id,or anless extenuadng citcumstances exist which are beyond Bonower's contml. 8orrower shali nut _�,
<br /> destroy. damage or impair the Property.allow the Property to deterlorate.or commtt waste on the PropertY• Barrou'er shaU • •...
<br /> be fn defaule if any forfeiture nccian or proceeding.whether civil or cdminal.is begun that fn l.ender's gaod faith judgment .'�,i
<br /> �,;;�;:�. could result in forfoiture of the Property or otberwise rnacerially impafr the llen created by this Security Instnunent or Lend• •._���•
<br /> •.:,-.-
<br /> .. %+: er's security interest. Borrower may cure such a default and reinstate�as provided in paregraph I8,by causing the action or �J;�
<br /> �:_ —
<br /> ° proceeding to be dismirsed with a culing that,in Lender's gaad faith detetmination,precludes forfeiture of the Borrower s !„ _
<br /> interest in the Property or other material irapairment of the lien created by this Sectui ry instnunent or I.ender's security °
<br /> interest. Borrower shall also be in default if Borrower,during the loan application procesa.gave mazerialty false or jnacc�u-
<br /> ' atc infarmatian�or statements to Lcnder (or faUed to pmvide Lender wIW any material inforntatian)ia conaection wltlt the _
<br /> "+ loan evidenced by Ihe Note,iacludiag.but nat 3imited to.represeatatIoas conceruing Borrower's occupancy of the Ptoperty _
<br /> as a priacipal residence. ff this Security Instniment is on a leasehold,Borrower shall comply witb all the pmvisions of tbe
<br /> lease. If Borrower acquires fae tide to tho Propercy. the leasehold and tbe fee tide sball not merge unless Lender agre�s
<br /> , �.��°s;.� co the merger ln writi�g. � jf gv��yer fails to erform We covenants and agreements -
<br /> n
<br /> • �, Prnteccton of Lender s Ri�bts in We PmBs�y+• P
<br /> Pn
<br /> • contained in the Security Insaument,or there�s a legal proceeding that may significandy affect Lender's rights in the Pro-
<br /> " p�ny �such as a pmceeding in bankruptey,pnobate.for condemnation or forfeiture or to enforce laws or cegulaUons),then --
<br /> `� I,er�fer may do and pay for whatever is necessary to pmtect the value of the Property aad L,ender's dghts in We PmpertY•
<br /> Lend¢r's actions may jnclude paying any sums secured by a lien which has priorIry over this Secudry Insuument�aPPearin8� --
<br /> .� !; �u�t,PaY�ng r�sonable attomeys'fees and entering on,ttte PmpertY to make repairs. Although Lendor may take action un-
<br /> der thts paragraph,7,Lender does not have to do so.
<br /> •, Any amounts disbuised by L.ender under this paragraph 7 shaU become addltional debt of Botcower secured by thla --
<br /> Secvrity Insuument. Uniess Borrower and� Leader agee co other temns of payment,these amounts si►ail bear interest from �^_
<br />_ .,: the da+te of disbursement at tha Note rate and shall be payable.with interest.upon uotice fmm Lender co Berrower request-
<br /> _ _ ,�,-- inS Pa;�meat.
<br /> _. .F -_ �m
<br />. 8. M�Kgt+ge_ IQSUts�tce. If Lender cequired mortgage insurauce as a conditfan of making the loan secw+esi by wis
<br /> Security Instrument, Borrower shalt pay tb,e premiums requir�t to waiutatn che martgage Insuranc�in effect. If,for any
<br />- .'`;';'.,: ' reason, the mortgage Insurance coverage seqnired by Lender lapses or ceases to be in effect,Borrower shall pay the pre-
<br /> '���;�;:.��_ ; uivalent w the mort a e insurance reviousl in effect.at a cast eubstan-
<br /> : �;4 ,;:;.'.,.,,., miwns required to obtain coverage substan�ial�y eq B 8 P Y
<br /> v:..,�_ �;�l:y;ily�: dall equivalent co the cost to Barrower of she mortgage insurance previously in effect,�tkom an alternate mortga$e ins�rer
<br /> s,:t�.. - Y -----
<br /> '' approved by Le�tder. If substantially equ[valent mortgage insurance coverage ts not availabie,Bor�uwer sha11 paY to Lender
<br /> " ' each month a sum equal to one-twelfth af che yearly mortga,ge insurauce preadum being patd by�ocao�+er when the insur- .
<br /> �,q,.` :; ,. ance wverage tapsed or ceased to be in effect. Lender will accept,use aad retain tbese payments as a lASa reserve in lieu of ,
<br /> �� - mortgage lnsurance. Loss refieive payments may no longer be required,at the opdan af I.ender,if motigage insurance ww
<br /> erage (in the amount and for the period that Lender require.4)Provided by an iasurar approved by Leader agatn besoma
<br /> available and is obtaiaed. Borrower shall pay the preminms require�to maintain raortgage insurance in effect,or to pro-
<br /> :;',�•: •� 'r vide a loss resen+e, uatii che requirement for mortgage insurance eads in acxoidance wiW anY written agreement betwan
<br />=�""�'.Tr` " gorcower and Lender or applicable law.
<br />`.-�f:j'"`"-: 9, Inspedton. Lender or its agenc may make�asonable entc[as upon and inspections of the Property. 1,,ender shal!
<br /> y�u�=�-': '% �` give Borrower notica at[he time of or prior to an iaspect[on specifying reasonable cause for the ins�ecdon. .
<br />='"'� ' ' ^ 10. Condemnation. Tha pre,ceeds of aay awsrd or claim for damages.direct or consequendal,in oonnection vvith
<br />� • �{ any oondemnation or other taking of any past of the Property.or for conveyance in lieu of condemnadon,are hereby assiga-
<br /> •�>�� ed and shall be paid to L.ender. •
<br />'�._,�.,�;7�''• In the event of a total taking of the Property,the proceods shall be applied to the snms secured by this Securiry�� _
<br />=-�-" � ' stniment.whether or not then due.with any excess paid to Borrower.In the event of a partiat taking of the Prop�rty'
<br />_�,��:"' . ttie fair market value of [he Fmperty imn►ediately before the taking is equal to or greater than the amount of the sums se-
<br /> _ �,� � cured by this Security Instn�ment Iwmediately before the taking,unless Bornower and I.ender otherwise a$roe ia wriang.the
<br />-��:....:•.
<br /> � :�-••t'���. sums secured by this 5ecurity Insa'ument shaU be reduced by the amount of the procee�ls muItiplied by the folluwL�fract on:
<br />_ �""'?':L' ' ' (a}the total amount of the swns secured immediately before the talang,divided by(b)the fair market value of the Property
<br /> � • ' immediately before the taking. Any balattce shaU be paid to Borrower. Ia the event of a part[al taldng of the Property in
<br /> �� '•f��; � whieh the fair market value of the Pcoperty immediately before the takiag is less than the ainount of the sums serured im-
<br /> � ,,:i;.�:..
<br />- . �t�;.�, � mediacely before tha taking, unless Borrower aad Leader othenvise agree in writing or unless applicable Iaw atherwise pro-
<br /> . � v[des, the prooeeds shall be applied to the sums secured by this�ecudty Instrumeat whether or aot the sums are then due.
<br /> .��, If tha Pcoperty is abandoned by Borrower.or if,after nodce by Lender to Bornower thF►t the oondemnor offera w
<br />_ :-"<��'.s+ �: _
<br />- °�,�:;?;j:!:;:',_ malce an award or settl6 a ctaim for demages,Borrower fails to respoad to i.ender within 30 days att�r the date tha aodce �_
<br /> " ': '��` js given, L,ender is authnrized co coltect and apply the pmoaecis,at tt�opifon,either to restoration or repair of ttta Property �
<br />_ ,...�„•
<br />' � or to the sums secured by this Security Inswment.whether or aot then due. - __
<br />- T ' Ualess i�nder and Borrower otherwise agree in writing.anY application of pr�ceeds to principal shall not e�eud or _°--
<br /> __�� �,sennne che due dace of the monthlv paYments refemed to In paragraphs 1 aud 2 or change the amount of sucl►paymenu.
<br />- � � 11. Borrower Not Released; Forb�arence By Lcuder No!a Waiver. Extension oi tice rime ior paymcni or
<br />: ' iaodIfication of amortization of the sums secvred by this Secutity Inauument granted by Lender to any suocessor ia interest ��_
<br />- of Bormwer shall ttot operate co release the liabil{ty of tLe originai Bormwer or Borcower's successors in interest. Lender F-_,
<br /> ' sba11 not be required to commenoe Procecdin8s aBaiast az►Y successor in iaterest or ref�se to extend time for payment or ,�;
<br />- othenv[se modify ac►urtization of the sums secured by this Sec�uicy Ins[nuaent by reason of any demand made by the origin-
<br /> - �� � . ai Borrower ar Borrower's suooessois in interest. Any forbearaac�by Lender in exerctsing any right or remedy shall rtot be -
<br /> : a waiver of or pteclude the exercise of any dght or remody. .�,`
<br /> - 24?019 r 1/each rcv011 t 12/93)1201931 Noem 3028 9I90 fpaga 3 oJ6 pag�i!
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