|
� .... .. ... . ... , "� " - —, ..:_.
<br /> `. . .. � . .. . .._ . . . _....., _ -
<br /> .��.s, , ---.._ _
<br /> - —...__ ...__ ___.— ._= � � -- -
<br /> . ,_�._ _. -.
<br /> �-....� , aL __.—_. -. ...__��.__ . C+�..,L _. ._ ..__. .— _ _ . _
<br /> °.-�i�.! .. ._... . . —_ — _. .._. _ . � _
<br /> .._ ���� �h1 � --- .--- Ni.`',—�°1o+i hi -- .--.-- y— — w� � —
<br /> � � �91iM�h'1� �h�!�ls+ I�ev-•- 1'S-� . . h s,..:;.e r. . . . ,
<br /> �;YYf.� �r,rh' .a�yW+:`-'�'y�_. �y44��M4P1-(r�n.-! �..i, :t.-..n._�F-"•� ,� . .-. - ;. i� ._.. . , : �...'ti-n'eLCr, .-
<br /> �_.. ,�{ �-,�viv .�t .i r��,._.l,�.y.... �t+::Sny•�.� 't. k,G"sz��. T
<br /> .��h�+ t9$.. ;.: �.��«,��",:�'!�9:�:• �,� , �..r<<. . .. ,.�:�,: � . - , . . . . �. ,r:�' .''t'��, ��
<br />,,,'�e::Ti!M.`-Z�I�y f:s' , ."v_`a•''�;r'•;�1�'�;F•��►�th`Pt"vr:`:.;,�•. �.yi,r•.. .. --• , .- , .. . • , � . i,:.�ey� �.y _ -_�---_.
<br /> 1T ' t { " .._ -
<br /> , ;, 1 , . .,�, . • . . ,. � �-,,, ' _.
<br /> „' , ,,x � � . . ..
<br /> -0fi�mr.nr!+h+a�,..s.�k _ _ �'�'.., . ., .. .. _ .. . -— --- 1�,:
<br /> . �..
<br /> �:•.
<br /> , 5. Haturd ur Praperty lusurunce. Borrowcr shall kecp the improvements now existing or hereuftcr crected on the �,_
<br /> � �� Property insured uguinst lass by fire, h�unrds included within thc tcrm "axtendcd coveragc" und nny other hurards, induding
<br /> n�»as ��� n���d�nb, for�vhich Lender require�intiuran�e.1'his insurunce shall be muintaincci in the umounts und for the periods �;
<br /> � that L.cndcr reyuirc+. Thc insuruncc curricr providins thc insurancc shull bc rhoscn by Borrowcr subjcct tc� L.cndc:r'} upprcrv.+l i_
<br /> +� �`"' ' � whidti shull not bc unrcasonably withhcld. �f Bc�rrower fails to maintain covcrnge describcd abovc, [.cnder may, at I..endcr's y �
<br /> a �"�
<br /> ;��` option,obtain covcrnge to protect l..ender'�rights in the Property in uccordance with paragraph 7. —
<br /> ".��' All insurance policies und renewals shull be acceptuble�o I.ender und shall include a stnndurd mortguge clause. [.ender �
<br /> shull have the right to hold the policics and rene�vals. �f l.endtr requires,Borrower shall promptly give to L.ender ull receipts of�
<br /> . ' paid prcmiums and rencwal notices. In thc evcnt of loss,Borrowcr shall give pmmpt notice to the insurunce carrier and l.ender, _
<br /> `. . [.�;ndcr may mukc praof of loss if not madc prompdy by Borrower. �
<br /> - i ss l.endcr and Rorrowcr otherwisc agrcc in H riting,insurance proceeds shall bc applied to restoration ar repair of the�''.�'
<br /> Unlc
<br /> �• . � Property itamuged,if the restaration or repair is economicaUy feasiblc and L.ender's security is not Icssene;ci. If the restoration or
<br /> repair is not economically fcusible or I.ender's security would be Icssened,the insurance proceecis shaU be upplied to the sums'� —
<br /> �:t s-•. �' sccureci by this Security Instrumcnt, �vhether or not thcn duc, with any excess puid to Horrower. If Borrower abundons thc
<br /> ;,-�;:_;' _. �., Prnpeny. or doeti not answer within 30 days a notice from Lender thnt the insurance carrier has offered to setde u claim, then
<br /> -..�, • Lender may coilect the insucunc� p�-ocee�s. Lender muy use the proceeds to repAir or restore the Property or to pay sums �
<br /> :'�?��� secureci by this Sec.urity Insrrument, whether or not then due.The 30-day period wiU begin when the notice is given.
<br /> " ' Unless Lender and Borrowcr otherwise ngrec in writing, uny application of proceeds to principal shall not extend or _
<br /> - � postpone thc due date of the munthly payments rcferrcd to in parugraphs I and 2 or changc the amount of thc pnyments. If
<br /> ' ' • �� under parugraph?1 the Property is acquired by Lender,Borrawer's right to uny insurnnce policies�nd proceerls resulting from
<br /> , . damagc to the Propeny prior to the acquisition shall puss to Lcndcr ta thc extent of thc sums secured by this Security Instrument
<br /> ' ,.` immediutcly prior to thc ucquisition.
<br /> �� • 6. (kcupancy. Preservation,Malntenance und Protectlon af the�'ropeMy;Borrower's In�an Applicntfon; I.easeholds.
<br />��.+�-', ,�, Borrower sh�ll occupy, est;�blish,and use the Property as Borrower's principal residence within sixty days ufter the execution of
<br />- • '� this Security Instrument and shall continue to occupy the Property as Bonower's principal residence for at Ieust one year after
<br /> .� � • the date of occupuncy, unless i.ender otherwise ugreeti in writing, which consent shall not be unreasonably withheld, or unless
<br /> - extenuacing circuu„tuuces ��i;t Wh::h a:c C�;r.::d H^lPnK'nr'c ��m�rol. Borrower shall not destroy, damage or impair the
<br />- Propeny, allaw the Propeny to detcriorate, or commit wastc on the Property. Borrowcr shall be in default if any forfeiture
<br /> • � action or proceuling,whether civil or criminal, is begun that in Lender's gocxi faith judgment could result in forfeiture of the
<br /> ' .,�����;'t •. Property or otherwise materially impuir thc lien crcated by this Securiry Instrument or l.ender's security interest. Borrower may
<br /> cure such a default and reinstute,as provided in para�raph 18, by causing the action or prcxceding to be dismissed with a ruling
<br />�;� _'' r'; that, i» Lender's good faith determination, Urecludes forfeitum of the Borrowcr's interest in the Property or other muterial
<br /> L�����.;.,, ,.,�;• impuirment of thc licn created by this Sccurity instrument or Lender's sccurity interest, Borrower shall also be in default if
<br />- ;.� Borrower,during the loan application process, gave materially false or inaccurate information or statements to Lender(or failed
<br /> � . , to provide L.endcr with uny mutcrial information)in connertion with thc loan evidenccd by the Note, including, but not limited
<br /> - �Yaµ to,representations concerning Borruwer's i�ccupancy of thc Froperty as a principal residence. If this Securiry Instrument is on a
<br /> =;;�;''�"� ' ' - leasehold, Borrowcr shall comply with ull thc provisiuns of thc leasc. If Borrower ucquirex fee title ro the Property, the
<br /> -�.�r=.-,r1;�!_ ,.
<br /> r•r�•-• � Ieasehold and thc fce tide shall not cncrgc unless Lcndcr ugrccs to the mcrgcr in writing.
<br /> �`.::�,,:,i...�.'��'� 7.Protectton of I.ender's Ri�hts in the Property.If Burrowcr fuils to perform the covenants and agrccments contained in
<br /> ` ��.:.�.:�.'.. this Securiry Instrument, or there is a legal proceeding that rriay significantly affect Lender's rights in the Pmpeny (such as a _
<br /> _ -.- ��„ procceding in b�nkruptcy,probate, for condcmnation or fnrfeiwre or to enforce laws or reQulutions), then Lender mny do und
<br /> � pay for whatever is necessu�y [o pratect the value of the Propeny and l.ender's rights in the Property. Lender's actions muy
<br /> - :,..�. ' include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> . rcusonublc uttomcys'fccs and cntering on the Propeny to makc repairs. Althaugh Lcndcr may take action under this paragraph _
<br /> - �� 7,Lendcr docs not havc to do so.
<br /> �-;`-,.::.X.... �
<br /> .ti --.... . Any amounts disburscd by Lendcr undcr this paragr�iph 7 shall bccome additional debt of Borrowcr secured by this
<br /> ��� Securiry Instrument. Unlcsx Borrowcr iind Lcndcr agrcc tci othcr terms of puyment,thesc amounts shall bcar interest from the
<br /> � " date of disbursement ut the Note rute xnd sha!I be payuble, with intcrest, upon notice from I.cnder ro Borrower r�questing
<br /> ' payment.
<br /> 8.Mortgufic Insurance. If Lcndcr rcquimd mortgabc insurancc�s a condition of making thc loun scrurcd by this Sccurity
<br /> lnstrument. Botto�vcr �hall pay the pretniums required to maintuin the mortgagc insurance in effect. If, for any rcason, the
<br /> ntortga�e insurancc coveragc requir�d hy Lendcr lapses or ceuses to be in effect, Borrower shall pay the premiums requircd to —
<br /> obtnin covcragc �ub�;tantially cquivulcnt to thc mortgugc insuruncc prcviously in effcct, at a cost substantixlly cyuivalcnt to thc _
<br /> - cuxt to Borrowcr of the mc�rtgagc insurance prcviou.ly in ef�fcct, frum an altcrnatc mong�.g� insurer approved by Lcndcr. If _
<br /> substantially cyuiv:�lcnt mm-l�;agc intiurancc covcrabc is nc�t availablc. Borrciwcr shall pay ro l.cndcr cach month a sum cquul to —
<br /> unc-twclf'th of thc ycarly mortga�c insurancc prcmium bcing paiJ by Borrowcr whcn thc insurancc covcragc lapsed or rcascd to
<br /> bc in cffcct. I.cndcr will acrcpt,u�c cmd retain thcsc paymcnts as u Iciss rescrvc in licu ol' mortgagr insurancc. Loss rescrvc =
<br /> Farm 3028 9/90
<br /> 1 vo��o 3 oi a
<br /> , _
<br /> .� , .. .- - .. .. . .._ . .�
<br /> _ � � _ _ _
<br /> _
<br /> _._ _ _
<br />
|