|
_,„ --___
<br /> ,�..� ..�.:__ __� _ „ — ..__..—_---
<br /> _
<br /> __
<br /> � 97�-/4�y31`�
<br /> S. Hwrd or Property i�u�. Barrower shall keep thc improvements ��xisting or hettlAer erectod an tha
<br /> Prapeny insured against loss by fire, ha�.ards included wlthln tho tecm "extended coverage" ancf any other huzards. including
<br /> tloads ar tlooding, for widct� l,encler reqiyires insurance. This insurance shnll be maintalncd in the amounts and for the pe�iacl�
<br /> thxt Lenclr,r require�. The lnsurunce cArrler providing tl�e insurance shall he chusen by Dorrower subJect t� l.ender's npprovstl
<br /> which shall not bc unrcau�nubly wfthheld. If&�rrawer fails to malntnin covernbe dcscribed ubuvc,I.cnder may, at I.ender's
<br /> option,ubtain coverage to pratect l.endcr's rights in the Property in accordancc with paragraph 7.
<br /> All insurnnce poUciey und renewal5 xhnll be acceptabte to Lender and shall include a�tAndurd mortguge clause. L.�nder
<br /> shall have the right to hold the palicies and re�xwals. If Lender requires, &�r�ower shali promptly give to Lender all receiptw of
<br /> paid premiums ond renewel notice;s.In the event of lass,8orrow;•.r shall give ptampt notice to the insurunce cattier and Lender.
<br /> L.ender may makc proof af lass if not mucle promptly by Horrawer. �-
<br /> Unless L.cnder and Barrower otherwilsa agn;e In wrfting, insurancc proceeds shall be appUed t��restaration or repair af the
<br /> Pruperty ctamagal, If the rcstorntion or rcpair is ecanomically feasib(e aixi I.ender's security is not Icssened.If the restorntion or
<br /> repair is noc oconomically feas3ble or Lender's security would be Icssened,the insurana procceds shsll bc appNcd to the sums
<br /> secural by this Socurlty Inatrument, whcther or nat then due, w(th any cxcess paid to Borrower. If Borrower Abnndons the
<br /> f'mperty, or das not answer within 30 days a notice from Lender that the insurance c�rr�er hAS offered to setde a claim,then
<br /> Lender may wllxt the insuranc� proceeds. Lender may use the praceeds to repair or restore the Property or to pay sums
<br /> securod by this Securiry Instrument,whether or not then due.'fhe 30-day pedod will begin when the notice is given.
<br /> Unless Lender and Borrower otherwise agrec tn writing. any appNcatton of proceeds ta principal shall not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2�r change d�e amount af the payments. If
<br /> under paragraph 21 the Property is acquired by Lender,Barrowtr's dght to any insurance polle.es and proceals resulting from
<br /> damage to the Property pdor to the acquisltian shall pass to I.eader to the extent of the sums securod by this Securiry Instrument
<br /> immeciietely prior t�the xcyti�i�sition.
<br /> 6.Oocupwncy,Preservation,M.afntenA�nce and Fmtectlon ot the Property;Burrower's Loan Appikatlon;Leas.ho►�9.
<br /> Borrower shall occupy,esteblish,and use the Property as Borrower's principul residence within sixty days after the execudon of
<br /> chis Security Instrument and shall continue to occupy the Property as Bonower's principal residence for at least one year after
<br /> the date of occupancy,unless Lender othernise agras in writing. which consent shall not be unreasonably wlthheld.or unless
<br /> extenuating circumstances exist which are 6eyond Bonower's wnuol. Bvrrower slidl not destroy. damage or impuir the
<br /> Propecty, allow thp I'roperty to detedorate, or commii waste on the Property. Borrower shall be in default if any forfeiture
<br /> action or pracealing.whether civil or criminal,[s begun that in Lender's gaod faith judgment wuld result in forfeiture of the
<br /> Pmperty or otherwise materially impair the licn created by this Security Tnstrument or Lender's scxuriry interest. Borrower may
<br /> cure such a default and ninstatc,as provided in paragraph 18.by causing the action ar proceeding to be dismissed wtth a rulinE
<br /> that, in L.ender's good falth determination, precludes forfeiture of the Borrower's interest in the Property or other mater�al
<br /> imQairment of the lien creatod by this Securiry Instrument or Lender's securiry interest. Horrower shall also be in default if
<br /> Bonower.during the loan applicatton proass.gave materlally false or Inaccutate inforniation or statements ta I.ender�or failai
<br /> to provide Lendcr with any material i»fom�ation)in connection with the loan evidenced by the Note,including,but not limitod
<br /> to,representations conceming Borrower's occupancy of the Propercy as a principal residence. If this Security Instrument is on a
<br /> leasehold, Bonower shall comply with all the provisions of the lease. If Horrower acquires fee title to the Property, the
<br /> leasehold and the fee tide shall not merge unless Lender agrees to tl►e merger in wrlting.
<br /> 7.Proteetion of Lender's Rights In the Property.If Borrower fails to perform the covenants ond agreements contained in
<br /> this Secur�ty Instrument,or then is a legal procooding that may significandy affect I.ender's rights in the Property (auch as a
<br /> proceoding in bankruptcy,pmbate.for coc�demnatton or forfeitun or to enforce laws or regulatlons), then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's righta in the Propecty. Lender's actions may
<br /> include paying any sums secural by a Iten which has priority over this Security Instruroent, appearing in court, paying
<br /> reasonable attomeys'fees and entering on the Property to m�lce repalrs. Although Lender may take actton under this paxagcaph
<br /> 7,Lender does not have ro do so.
<br /> Any amounts disMused by Lender under this paragraph 7 shall becom� additional debt of Bc�rrower secured by thls
<br /> Security Instrument. Unless Bonower and Lender agrce to other terms of payment, thcse amounts shall beur intarst from the
<br /> date of disbursement at the Note rate and shell be payablc, with interest, upon notice from I.ender to Borrower requesting
<br /> payment. ,
<br /> 8.MortgAge L�urance.If I.ender requlred mortgage insurance as a condltion of making We loan secured by this Security
<br /> Instrument, Borrower shall pay the premiums required to maintain the inortgage insurancc in effect. If, for any reason, the
<br /> mortgage insurance coverage requieed by I.ender lapses or ccases to be in effxt,Borrower ahall pay the pnmiums requirod to •
<br /> obtain wverage substandelly equivalent to the mortgage insurance prevIously in effect,at a cost substantially equivalent to the
<br /> wst to Aorrower of the mortgege insurance prev[ously in effect, from an alternate mortgage insucer approvai by Lender. If
<br /> substantiaUy equivalent mortgage insurance covernge is not available,Borrower shall pay to Lender each month a sum equal to
<br /> one-twe(fth of the yeariy mortgage insurance pmmium being paid by Borrower when the insurance coverage lapsed or ccased to
<br /> be in effect.Lender will accept,use and retain these payments as a loss reserve in iteu of ►nortgage insurance. I.oss reservo
<br /> � Form 3028 8190
<br /> PpY3ofB i
<br /> . '
<br /> ---- �_s�=.-�.-_ -,��k��-�--.-�_-���1--.?-.•.-�-�-, - -��----�
<br /> __.__"'_��_.�__.v.,�.-�.�:.�-._,�..�.�.,.r--�-�-�n�-_-.,..'�.�""':_.�--..`_'_"_�."- __— -- '
<br /> - -- l7t71S11114f�d1Rdf•,.��.^"'-'�"..=r---='_—
<br /> _. ._ °�n..�Y;Ji9F�1li]IQ9l� � .. �v��
<br /> :✓ �i''t�f3�':�.�3'•� !n`In_.��_'_"s__�_'°_._ _-- -
<br /> � n�e-mr.�'!Fle�i�Sw'y � i, W.�t�J'� . __. .
<br /> — .rtn�lil�,S '. r 2� � )i'a'�,.Al,�:�,'r�tr��� ....� _ � __
<br /> -=—'..'..°L+4:'... i� `� _���,t'�''yj�� ,.u�„ .�- v_
<br /> _'-�i:.�e'..iv� � �y ��il• .�iy.(.',J�^�{,.. ��x'_'__.'"_"_
<br /> �_.._.:_�;iY. +�,�; '�__—
<br /> ., ;l�.- ._„�,;,,.�_
<br /> ----=-'M'Sf;»�.r� is�_�.----=-- —_-- — -
<br /> :e:,'�►�,n"'h`���` ,� ��i.t�}. � �''^'�''�l�t�'ro�Rr�itr .�:,:
<br /> �_ _ 1 � . ' ,t� • . w �. �� --' . _.__
<br /> `,lV ` 1� � �
<br /> �'WCtfi'LE�V�tltlVi'�`�•••:.._
<br /> .�_. .'i_. + . a'._h�''��::�...�. .._� _' ,.. _ ._ _ � _.. ..�_:.�3t....i~i..5"� '.dS.T_-'-- — —
<br />
|