|
.. _�� --
<br /> � ..�m�:�*.uk.��.,�,� . . . . ' Yt ,.. °�.:;• �S _.
<br /> 4:..:. , .. . � . . o-. ,� �� ��., ..� ��� ���,.,_
<br /> r ` r. r 'Y ' �.-.p,n� ,� • T,�.. �,.. y� '��-.: , . . , , �` --
<br /> ,,i,, 'n , I 4 �1.!.,"{•�.: r h��.�1 ' ._. . ��n - :.f ro����5�i`+'���'t'�'. . t. • • 5°Y�
<br /> �?.: � .�,�,'._�"iM1.•. �� �L•R tA 4`'.d�..�'.� .t�r�-'-. .. ••� r. , s�a•�J3�':�h3'�. .-i� '� .. - , . . L .._...-...-__
<br /> ,� �'�;Ylri�itl.ile_!x�{�F'"f°'t���y*.�. j���L�:ly�n:�W-'i'.aJ11dt(l'yl0'��u• ti4a.{;J�N�j�v.�.�JaU�!���iy�j �.�...�s�..e..�...v���iL!�.�4lF4.11_f'.,a�lY►•_.�e.--�� - _ ..___._..-_
<br /> M -- -� --- . r,_. '.r-_ S_i. . �.�.o.
<br /> - ,e., ....-._,�.• _� �. -' .,.:_•..�.�.. - ..
<br /> —�.� _ �.�.�-._.�� ...d,... ....
<br /> va�c� -'_ _----__-.—__
<br /> __.__,-. -TI"��_.,.�:._�_-� ��. — ..
<br /> - �,�.`L��� - - . .. . _.. ... ----_.. ..
<br /> .a:;yT. . � .
<br /> ';�.:jl' .#�.
<br /> ` � ' S. Hnzard or Property Insurancc. Eiorrawcr shall kcep thc improvements now �xisting or hemaftcr crected on thc —
<br /> ''� Pro�xrty insurcd ugninst losti by firc, hu•r�►rds include,�i within thc term "cxtendcd coveri�ge" und any other hAZards, includin�
<br /> =1`- • � tloods or fiooding, for which l.�nder rcyuires insurancc. This insurance shall be maintaineci in the umounts and for the periods
<br /> ' that l.cndcr rcquircs. Thc insuruncc carricr prrniding thc insuruncc shull bc choscn by Borrowcr subjcct to L.endcr's upproval�
<br /> � " which shall not he unrea�sonubly withhcld. [f 8ortower fuils to muintain coveragc dcscribcd above, Lender may, nt Lcndcr's�
<br /> • ^:y^'^
<br /> � option,obtuin covcrugc to pratcct Lendcr's rights in thc Property in accorduncc with paragraph 7.
<br /> '� All insurancc policics and rencwals shall be acccptablc to Lcndcr,ind shall includc a stnndnrd mortgugc clausa Lcndcr�1 Q
<br /> :���� shull have the right to hold thc policies und renewuls. If L.cnder requires,Burrawer shall promptly givc to Lender all rcceipts of N
<br />:.;; puid premiums and renewal notices. In the event of loss, Borrower shall give prompt nutice to the insurance currier und Lender.
<br />_— . � Lender may make praof of losr if not made promptly by Anrcower.
<br /> ',� Unlcss I.ender and Borroweratherwisc agree in writing, insurnnce proceeds shall be upplied to restoration or repair of the
<br /> ..._ Property damnged,if the restoration or repair is econontically feusible and Lender's securiry is not lessened. If the restorntion ar
<br /> - � � repair is not economically feasible or Lcnder's security would be lessened,the insurance proceeds shall be upplied ta the sums _
<br />:a��,*;�:'='�. secured by this Security Instnunent. wliether ar not then due, with any excess paid to Borrower. If Borrower abu�dans the
<br /> _y�;`:' : Praperty, or does not answer wi[hin 30 duys a notice from Lender that the insurance currier has offered to setde a claim, then
<br />�;: �• ,� ;' r Lender may callect the insurance proceeds. Lender may use the procecds to repair ar restore the Property ar to pay sums
<br /> =--r; • � ' securcd by this Security lnstrumem,whcther or not then due.The 30-day period will begin when the noticc is given.
<br /> +II�At��•'.�r Unless Lendcr and Barrower otherwise agree in writing, any apPlication of proc�eds to principul shall not cxtend or
<br />'��'.�'�+�-`��
<br /> ^_.�:�+��•., postponc the duc dnte of the monthly puyments referred to in paragraphs 1 and 2 or chunge the umount of thc payments. If
<br /> :,:'��.ik':�:�r under paragraph 21 the Pmperty is acquired by Lender, Borcower's right to any insurunce pulicies and proceeds resulting from �
<br /> ;-;'u��= damage to the Property prior to the acquisition shaU pass to Lender to tl�e extent of the sums secured by this Securiry Instrument
<br /> � • ; immediatcly prior to the acquisition.
<br /> ��;,;,;�: � 6.Occupancy,Preservatton,Maintenance and Protection of the Property;Borrower's I.aan Applicution;Leaseholds.
<br />-��'•°`i'' Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> �,,.,�... ` � this Security Instrument And shall continue to occupy the Property us Borrower's principal residence for ut leust one year after
<br /> - . the date of occupancy, unless Lender otherwise agrees in writing, which cansent shnll not be unreasonably withheld, or unless
<br />.- ' •''! extenuating circumstances exist which are beyond Borrower's control. Borrower shall not destroy, dumage or impnir the
<br /> '`= Property, allow the Property to deteriorate, or commit wnste on the Property. Borrower shall be in dcfault if nny forfeiture
<br />�...,,`:�.;�; , action or procceding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfciture of the
<br /> t� . �r:;_ Property or otherwise materially impair the lien created by this Security Instrument or L.ender's security interest. Borrower may
<br /> ° •�• eure sueh a default and reinstate,u providecI in paragraph i"o,by cau�i�ib tiie acii:.��r prac�c�ing tu bc�ismi�sed:viil:s ns!ing
<br /> _f3`J',wfrt�
<br /> _ ,._,..�„� that, in I.ender's good fuith determinution, precludes forfeiture of the Borrower's interest in thc Property or uther material
<br /> "'�-��+'�v�'� impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> `��y{�''•� Borrower,during the loun npplicntion process,gave materially fulse or inaccurate informntion or statements to Lender(or failed
<br /> ='.,r:i.:;�.
<br />-_-�{�'�,�:�.� to provide Lender with any material information) in connection with the loun evidencecl by the Note, including, but not limited
<br /> �'����T•f 1;;.
<br /> -;;� ..�,: to, representntions concerning Borrower's occupuncy of the Property as a principal residence. If this Securiry Instntment is on a
<br />-- ,�,::,�� Icaschold. Borrower shall comply with ull the provisians of thc Icase. If Borrower acquires fec title to the Property, the
<br />�'-:m;,�:<� .: leasehold and the fee title shall nd mergc unless Lender agrecs to the merger in writing.
<br /> -�:;;,—;-°' 7.Protectiou of I.ender's Rlghts in the Property.If Borrower fails to perform thc covenants and agreemcnts contuined in
<br /> ;°_:''�;fr�*� :his Securiry Instrument, or therc is a Icgal proceeding that mny significuntty affect Lcnder's rights in the Property (such as a
<br />--"'�"� proceeding in bankruptcy, probnie, for condemnation or forfciture or to enforcc Inws or regulations), then Lender muy do and
<br /> •----�-�:� pay for whutever is necessary ta protect the value of the Property and I.ender's rights in the Property. Lender's actions may
<br /> "'��F:.=��� include paying a.ny sums secured by a lien which has priority over this Security Instrument, appearing in court, �aying
<br /> - ��".�T� reasonablc attorne s' fees and eNCrin on the Pro rr W make rc airs. Althou h Lcnder ma tuice accion under inis aru��a i�
<br />=�"---- Y S P� �' P S Y P' b N
<br /> a,:`:�;�� 7,Lender does not have to do so. '.
<br /> :��L�;: Any amounts disbursed by Lender under this paragraph 7 shull become udditional debt of Borrower secureci by this �
<br /> ; �s�n,� � Sccurity Instrument. U�iless Borrower and Lender ugree to other terms of payment, these amuunts shall bear intcrest from thc ��
<br /> -.�Z.,.t.:. �
<br /> ' dnte of disbursement ut the Notc rute and shall be psyable, with interest, upon notice from Lcnder to Borrower requestin�
<br />_ �f;,�:�•. � payment. '
<br /> -".�..�.�c
<br />- -��� � 8. Mortgage Insurance. If Lender required mortgage insurance as a condition of muking thc loan secured by this 5ecurity
<br /> ,�' '� �� � Instrument, Borrower shall pay die premiums required to maintain the mortgagc insurancc in effect. If, for nny reason, the
<br /> •�, mongagc insurance caverage required by Lender lapses or ceases to be in effect. Borrower shnll pay the premiums req�4ired to
<br /> � � obtain co��erage substantially equivalent ro the mortgage insuranee previously in effect, at a cost substantially equivai..iii tu tltic ;-
<br /> A cost to Borro�vcr of the mortgagc insurancc previously in efft;ct, from an ultcrnate mortgagc insurer approvcd by Lcnder. If
<br /> ► substantially u�uiv�ilcnt mortgagc insurancc covcragc is nut uvnilable, Borrower shall pay to Lendcr each month a sum equal to •
<br /> Y
<br /> � one-twelfth of the ycarly mnrtsage insurance premium being paid by Borrower when the insurance caverage lupsed or ceased to .
<br /> bc in cffcct. Lender will accept,use�nd retain thesc payments as a loss rescrve in lieu of mortgage insurancc. Loss rescrvc
<br /> . � Form 3028 9/90 �
<br /> Z Pago 9 al 6 '-
<br /> .. . _ --
<br /> . , . . ... .. . .. -. . . .""- ' _' m G.-�:w. -' d i
<br /> � y �
<br /> �� �r..
<br /> - ` _J _.__ . . . •
<br />
|