|
. . .
<br /> , ,...;.
<br /> ..
<br /> , . ,
<br /> .
<br /> . �
<br /> _. . ... ........ . . ... .. ._.....
<br /> -—-....�.�.. - ,.
<br /> _ .- �--�--��-----�-- ---•----------....__. . -------—---- . _ .
<br /> �4 • ' , � � �y J�i .-
<br /> � ♦�_-. .. . � 'o, - � a ht`,YV:tiYr
<br /> .Ir...px`.� . _ ]?: � � ' . . . r,�4��,.
<br /> � .. �.- , . ., " .. . _ . . ^1-�,;'F �'`�..
<br /> _ ... _. . . . .. �._ - _�r.--�
<br /> - ., i .. " . . . . . . .-.�.,;..-:'
<br /> . . . .. _ ..�,:
<br /> � . . '� ..ti,-
<br /> . � . . ,� �utkt�'"_�'"r��r'°W�i.:C
<br /> '. " in..��.•'�� —_ ___
<br /> - . - ....�i �� . . .� -.. ... ... ,'. .. ......... .
<br /> � "�w.��.•.�'{TIIT���
<br /> � l
<br /> .. � ,.{._... _..__ ' . � .. . . . .. . .,. . . . .�.1.. _ . .. ._ L,;'��_.
<br /> d
<br /> �
<br /> �[.
<br /> �
<br /> t ��
<br /> ; .5. Hazard or Property Insurunce. Borrower shull kcep thc improvements now cxisting or hercaftcr crected on the �
<br /> . , property intiured ugainst loss by fire, huzards included within thc term "extended coveragc" and uny other hawrds, including
<br /> ,. .�a floais or floc�ding, for which i.ender requires insurance. This fnsurance�l�ull bc mainlainc�f in the anu�unts and f�r the periods � �
<br /> _�i� that Le�ider require�. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender'� approvul y
<br /> which shall not bc unrca�;onably withhcld. If Borrowcr fails to maintain covcrugc dcscribcd ahuvc, Lc�ndcr may. ut L.ciidet''s ' �•
<br /> ��•�'� option, obtain covcrage to protcct L.cndcr's right+in thc Pr�perty in accorduncc with paragruph 7. _
<br /> � � All insuruncc policics �md rcnewuls shnll hc acecptublc to (Andcr und +hall inrludc u standard murtgugc rluusa i.�:ndcr w
<br /> � shall huvc thc right to hold�hc pc�licics und renewals. If l.cndcr rcquires.Horrowcr shull prampdy givc tci l.cndcr ull rcccipt+of '"�
<br /> puid prcmiumti and rencwal notices.In thc cvcitt of Ic�ss, liorruwcr+hall Eivc prumpt no�irc t��thc intiurancc currir►•und I.cndcr. � _,
<br /> l.cndcr nr;y mukc prout'cil'lotis if not mudc promptly hy Borruwcr �D
<br /> Unlctiti l.cnJcr and Bi�rrciwcr i,thcrwisc agrrc in writin�, insurancr prurcr�ls tifiall hc upplird tu rctitorutiun ur rcpair uf'thc �
<br /> {'�•nperty dunta�!cd. if the Y�s►arali�m ur repair i+ccanumlculiy fcutiihlr ul�d l.cndcr',ticr�n•ity iti nut Ic,+cncd. II th�rctitoratiun ur
<br /> rcpair is not cr�mumirally fc��+ihlc ur I.cndcr'ti>.rcuri�y wuidd hc Ic,ticnc�l. �hc in+ur;inrc prur�cd++hull h�� npplicd tn thc tiinns
<br /> . � �� +c�urcd hy thi+ Scrurity Instriuncnl, whcthcr or nut thcn duc. witli �my excrtis paid In Nurruwcr. 11� Hurri�wcr ubundims thc
<br /> � {' Pruprrty. ur durs not i+n.wcr within 3U Juyti a n�,ticc frum Lcndrr thin thc insurancc rarrier h,i�offcrcd tu sctUc a cluim, thcn
<br /> _r �_
<br /> � l.,ender m�►y ci,llect the intiur,mce pruceeds. lAndcr rouy use thc pr�ueed� to repair ur reytore thr F'roper[y i�r ta pay su�us
<br /> securcd hy this Sccurity Instrmnent,whcQier or nut then duc.Tlic 30-duy perinJ �vill begin whcn thc notice is given.
<br /> Unletis Lcndcr and Him�owcr oth�rwisc ugrcc in wriling. any applicati�m of procccds tu princip.d shall not cxtcnd or _
<br /> ,� postpcmc thc duc datc of tlie monthly payme7ts refcrred to in para�raph� I and 2 ur changc the amount of the puymcnts. if
<br /> under paragraph 21 the Pruperty iti acquireci by Lender, Burrc�wer'ti right to any insurance pcdicies and proceeds resulting from
<br /> damage to thc Property prior to thc acyuisition shull puss tc�Lendcr tc�thc extent of the sums securcd by this Secw�ity [nstrumcnt -
<br /> immediatcly priorto thc ucquisition.
<br /> 6. Occupancy, Preservation,Mulntenance and Protection c�f the Propert}'; Borrower's Loan Applicutiun; I.easeholds.
<br /> - r�. Borsoa�er shaU occupy,establish,and use the Property as Barrower's principal residence within sixry days after the execution of
<br /> �� this Security Inscrument und shall continue to occu�y the Property as Borrower's principal residence for at Ieaxt one year after
<br /> - __ .__ _- rh�d:�t�nf occuQancy. unless Lender otherwise agrecs in writing, wliich contient shull not be unreasanably withhe►d, or�unless
<br /> extenuating eircumstances exist which are beyond Bc�rrower's control. Bm•rower shall not destroy, uamage or i���pu;r it'�e
<br />- Propenp, all��w the Properry to deteriorate, or commi� wastc un thc Prc�perty. Borrowcr shall be in dcfault if any forfeiture
<br /> action ur proceeding, whether rivil or criminul, is begun thut in Lender's good faith jud�ment could result in forfeiture of the
<br />' Property or otherwise mutcrially impair thc licn crcated by thix Security Instrument or I.ender's security intcrest. Horrowcr may
<br /> cure such a default and reinuute.as provided in paragraph lR,by eausing the action or proceedittg to be dismisseci with a ruling
<br /> - that, in L,cnder's good faith dctermination, precludes forf'eiture of the Borrowcr's intcretit in the Property or other material
<br /> -. . irnpairment of the licn created by this Security Intitrwncnt or L.cnder's security interest. Borrower shuU also be in dcfault if
<br />- ' Borrower, during thc loan applicatiun process, gave materially false cir inaccurate information or statements to Lender(or fuiled
<br /> to provide Lcnder with any material infc�rmation)in connection with thc loxn cvidenced by the Note, including,but not lintited
<br /> to.representatinns cancerning Borrower's occupancy of dic Properry uti u principal residence. If this Securiry Instrument is on a
<br /> leatiehold, Borrower shall comply with all the provisiems of the Iease. If Borrower acquires fee tide to the Property, the
<br /> . Ieusehold and the fee title shall not merge unlcss Lender ugrccs to tac merger in writing.
<br /> • � 7.Protectlan of Lender's Rl�hts in the Property. If Bi�rrower fails to perfonn the covcnunts and agrcxments contained in
<br /> � this Security In�trument. ��r there is a Iegal proceeding that muy +ignificundy affect Lender's rights in the Propeny (such as a
<br /> procccding in bunkruptcy, prohatc. ibr conJemnation ar forfciture ur tu cntbrcc Ixws or rcgulaticros), then L�:��.i..t �iia� do and
<br />- pay for whatever is necessary to protect the vulue of the Property and Lender's rights in the Pmperty. Lender's nctions may
<br /> _ includc paying any sums sccurr.d by :i licn which has priurity ovcr this Sccurity Inscrumcnt, appcaring in court, paying
<br /> - 7', rcasnnahle attorncys' fees and entering cm thc Property to makc rcpairti. Although Lender may take ac[inn under this paragraph
<br /> � 7,Lcndcr docs not havc to Jo sn.
<br /> ' � " Any amounts disbuncd by LenJcr undcr this paragraph 7 shall hccomc additionUl dcbt of Borrower securui by this
<br /> Sccurity Instrument. Unlcss Borrowcr and Lendcr agrce to othcr tcrms of paymcnt, thcsc�imounts shall bcar intcrest from thc
<br /> � date af dishursenunt .0 thc Nc�tc rate anJ shall be payahle, with interest, upon notice from Lender to Borrower requescing
<br /> � paymcnt.
<br /> 8. Mort�tt�e Insurance. If Lcnder requireJ mungage insurancc as u cundition of muking the loan xccured by this Security
<br /> Instrumcnt, Borrowcr shall pay thr prcmiunn requircd to maintain thr nwrtgagc insurancc in effcct, If, for any reuson, thc
<br /> nu+rtgagc insurar.c��r�rvcra�e requircd by L.endcr lap�eti or ccascs to he in cl'f'ect. Borrower shall pay the premiutns required to
<br /> uhtain ru��cragc�ubstuntially ryuivalrnt to thc mortgagc insur.tncc prcviuusly in cl'fcct, at a cost substantially cquivalent to thc
<br /> � , ro�t to Bi�rr��wrr af thc mort�:�gc intiurancc prcvioutily in cl'fcct, 1'ram an altcrnatc mortgagc insurcr approvcd by Lendcr. if
<br /> wb,tantially� cyuivalcnt mortgagc in�urancc rnvcragr is nut avail.ibl�, Hcirrowcr tihull pay t�� Lcndcr cach month a sum cyuul to
<br /> onc-twcUth��f thc yrairly nu�rt�agc in�urmcr prcmium hcing paid by Bc�rro�vcr whrn thc insurancc rovcragc lapsed i�r eca�cd to
<br /> he in elfrri. I.cn:ler���ill acrept, ux and rrtain the�e paymrntti.i� a lu.� re+crve in lieu ul' mortgage insurancc. Lu�s reserve _
<br /> _ Form 3028 9190
<br /> Pau��3 ui O
<br /> - � . . . .. . . . .. . . . . .. � ' .: . .
<br /> �
<br /> p �._
<br />
|