|
� .. ...-------._.__._ .. ....
<br /> � ,,,.„,._...___..._ .. , _ --
<br /> �_ _
<br /> _ _-- — ------------------------------- - _-_.
<br /> - - - _ _--
<br /> N9CiAr.__ _
<br /> _ �?-�0����.
<br /> S. Hs�zArd or Property Ia4urAnce. 8orcower Khall kcep the improvementia now existing ar h rcaite crceted c�n the
<br /> Property insurai egainst loss by fire, ha•r.arde i�irludal within the tcrn� "cxtendal covcrag�" and unY other hau�rds. including
<br /> fl�xids ar tlaading, for which l.cnder rcqui�cs insurance. This iosurnm:e shall bc muintalncd in the amounts and for the periods
<br /> thnt l.ender requfres.The insuranse carrier providing thr insurwrce+i�u�l be chuu;n by l3orro�ver suhJect to l.ender's eppmval __
<br /> which shall not bc unreasonably withhcld. if Borrav�er fails to maintain coverage descrlbed ubovc,
<br /> l.ender may. at Lcndcr's
<br /> aption,obtain coveruge to protect l.ender's rights in the Praperty in accordance with parngraph 7.
<br /> All insurunce policies and renewals shall be acceptable to Lender and shull inciude a standurd mortgage clause. Lender
<br /> shall have thc right to hald the palicles and r�encwals.If I.ender requlres.Bosrower shall promptly giv�to L.ender all reccipts of
<br /> paid prcmiu�ns sind renewal notices.In the avent of loss,Borrower shall give prompt nottce eo the insurance carrier and Lender.
<br /> Lcnder may make proof of loss if not made promptly by Borrawer.
<br /> Unless L.cnder and Borrawer otherwisc�gree in wdting,Insurance proceeds shall be uppliod to restorntion or repair of the
<br /> Property damaged, if the restoration ar repair is economically feasible and Lender's sxurity is not lessenal.If thc restoration or
<br /> repair is not economically feasible or Lender's securlty would be lessened, che insurence proceeds shall be applied to the sums
<br /> suurod by this Secudty Instrument. whether or not then due. with any excess priid to Hc�nower. If Borrower abandons the
<br /> Property,or does not answer within 30 days a notics from Lender that the insurance carrier has offerod to settle a clairn, then
<br /> [,ender may collect the insurnnce procads. L.endec may use the proceeds to repair or restore the Properry or to pay sums
<br /> sccural by this Secudty Insuvmcnt.whether or not then due.The 30•day pe�odn o�f�giroceedseto princi�pal'shallenot extend or
<br /> Unless I.ender and Borrower otherw[se agree in wdting. any app P
<br /> postpono the due date of the monthly payments refened to tn paragraphs 1 and 2 or change the amount of thc payments. If
<br /> under paragraph 21 the Propecty is acquireJ by J»ender.�orcower's right to any insurance�w�icies and proceeds resulting from
<br /> damagc to the Properiy prior to the acquisition shall pass to Lender to the extent of the sums secured by this Sccurity Instrument
<br /> immediately pdor ta the acquisition.
<br /> �. pucupancy,preservotion,Mninte�nce And Protection ot the Pcoperty;Borrower's Loan Applicwtton;I.easeholde.
<br /> Borrower shaU occupy.estublish.and use the Property as Borrower's principal�esidence within sixsy days after the execudon of
<br /> this Securtty Instrument and shall conttnue to occupy the Propecry as Bottower's principal residence for at least one year after
<br /> the date of occupancy. unless Lender ott►erwise agrees In writtng.which consent shall not be unreasonably withheld, or ualess
<br /> exten�sating �4rc��!nctances exist which Are beyond Borrower's control. 'Borrower shall not destroy, damage or impair the
<br /> Property. allow the Property to detedorate,or commit waste on the Properry. lsorrower shail bc i�i dat'ault if anY t'crtaiture `
<br /> action or proceeding, whether clvil or cdminal.is begun thut in Lender's good faith judgment could result in forfetturo of the
<br /> Property or otherwise materially impair the lien creatai by this Secudty Jnsuument or L.ender's se�:urity interest.Baaower may
<br /> cure such a default and reinstate,as provided in paragraph 18.by causjng the action or prnr.eed[ng to be dismissed with a ruling
<br /> that, in Lender's good faith determinadon, precludes forfeiture of the Borrower's intcrost in the Property or other materIal
<br /> impairnxnt of the lien creatat by this Security Tnstrument or Leiuier's sacudty interest. Borrower shall also be irt default if
<br /> Borrower,during the loan applicntion pracess.gave materielly false or inaccurate informadon or statements to Lender(or fellod
<br /> to provide Lender with any material information)in connection with the loan evidenctd by the Note.including,bue not limited
<br /> to.r�presentations cancerning Borrower's accupancy of the Propecty as a princiPa►residenee.If this Security In.ctrument is on a ,
<br /> leusehold. Borrower shall comply with all the provisIons of the leuse. If Borrower acquires fa ttde to the Property. thc
<br /> leasehold and the fa tide shall not merge unless L.ender I��W�r fail�to perform he coveru►nts and agroements contained in •
<br /> 7.Protectloa o[Lenda's Rtghts in the Property
<br /> this Secnrlty Iastrument,or there is a legel proceeding that mxy signiCcantly affect Lender's rights in the Property (such as a
<br /> procxdtng in bankruptcy.probate.for condemnation or forfeiture or to enforce laws or regulad�ns).then L.ender may do and
<br /> pay for whatever is nexessary to protect the value af the Property and Lender's rights In the Property. I.�nder's actions may
<br /> includa paying any sums secured by a lien which has prioriry over this Security Instmment, appearing in court. paying
<br /> reabonable attnrneys' fas and entering on the Property to make rcpairs•Although Lender may talr.e action under this�aragraph
<br /> 7.L.endcr das not have to do so.
<br /> pny a►�wunts disbursed by Le�.�der under this puragraph 7 shall become addltional debt of Borrower sccured by this i
<br /> Securiry Instniment. Unless Borrower and Lender agrce to other terms of payment,these amount� shall bear interest from the ;
<br /> : date of disbursement at the Note rate and shall be payable. wlth interest, upon notice from Lender to Borrower requcsting
<br /> payment.
<br /> 8.MortgAge Insurs�nce.If Lender required mortgage insurance as a condition of making the toan secured by this Security
<br /> Instrument, Bonower shall puy the premiums required to maiatain the mortgagc insurnnce in effact. If, far any reason. thc
<br /> mortgage insurance coverage reyuired hy Lendcr lapses or ceases to be In effect. Borrower�hell pay the premlums requtred to ,
<br /> obtain coverage substantiully equivalent to the mortgnge insurance previously in effect,at a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage insurance p�viously in effect. from an altcmatc mortgnge insurer approvod by I..ender. If �
<br /> i
<br /> , substantially equivalent mortgage insurancr.coverage is not availnble,Bocrower shall pay to Lender each month a sum oqual to �
<br /> one-twelfth of Qie yearly mortga�c insurance premium baing paid by Borrower when the insucance coverage tapsed or cea.s�d to
<br /> be in effect.I.ender will accept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve ;
<br /> � Form 3028 9190 ;
<br /> Ppe�o18 �
<br /> .._ �___..,w ..�.-�� ,. ..�4�a�r�S�+F`a_ - ---
<br /> _ . F l ��.'RE!".-�.,,S:eS�:e4 _
<br /> � � �
<br /> -+'��DS 14"S r T�+r .y �fr�i1C',r+ wvlad�;9-- � _.- . _ . . --____ _—__. .. _._. ...._.__ ._
<br /> fr r
<br /> �71V.� � ( J��� 4.y�yb4 7_TV7 � ���c `�t)w11�'YfI�—_—��___ "_
<br /> "���'�,�A���,'��(`�.�.1` ' ��4y +�'�i�Efi�t�s� � - - _ - ----
<br /> r� '[ � t,.,.. ,... ,s�r,�. �. �_.�.�,�ivw,
<br /> y�.�Ti{s"tii T� `+4 � +.�' . . �+` 'fT�i710e+�`«....._._v�.`
<br />--��r_�-��a� ,,�.;�e",��t:�•. � . . ':i a,V"'".-- .v-- —— — �
<br /> -J: • ' • �`.,.
<br /> i'�`o.`:��2�.�'�.�� ,—_
<br /> ,. � : : k� t.�
<br /> a`AiF +'� ° •`"�,F` ' . �:;��`.'.`,t y�t � ��- _
<br /> � . •. .� � ' "° ' —
<br /> ,
<br /> iff'T�T]w• •••• 1 `� �� !A� ^1t�/'�1�'f�Y.t` .\iYt 7Y7'�EA��xlmi�ee v
<br /> •:r[sca�LL� ., ' .•d � �, , _ �r
<br /> . _. j'::�,:ui,r,.�.�.",L�{��,A,�.Urr..,�vs��3�`�r1,t `,, ..'"g" _____=,�„_'.- - --- -e—� --- -- _-_
<br /> _ia��*��-T.'���;i�•:� . ,� �`�S�i'i.F���.�wAf���T�''�"e'r�."•w;%'wtr�s'�, --
<br /> �y� . i �. ,. • ' ;~�7�� "� - — ---
<br /> ' - .:.�, x ,�',a.. —
<br /> • ,`rt e.� ----
<br /> ��� � - - . ----
<br /> , �., . .
<br /> . r., ..,_,.. �� .., _.. .. --. . ���,.�4. �.. .'yr.if.
<br /> . _
<br /> � .
<br />
|