|
. :�
<br /> '� f�Y?,,... . . . �,;;.iRi.j�i•'..
<br /> .,. . ,. . . ., �,..,f, . . . . . .� . —
<br /> , .. -.,. . . . . ,..
<br /> .. �.��: :•. , ' ' ' .',
<br /> . . . -
<br /> .. .. .�w . :�
<br />. � ?. � r1�iM1YM�w.aw..«..i...,..�........e.w+.t'.MV.n�hn��w..... - ••i�'%�l rr`��'�.. -.w. . �.,.,_--.
<br /> _.k.�'.:lY,� g$_ ii23�i �.
<br /> .nMiy..M1RW 31 .
<br /> � �' � S. )lazard or Property IruurAr�cc. Borrowcr shall kccp the improvemcnts now cxisting or hereafter crectul on thc a
<br />- � �'.•�� � Property insurM agelnat loss by fre, hazards inr,lude�within the term "cxtcnded coverage" a�ul any othcr ht+xards, including
<br /> ' �•'r� floode or flooding,for whlch I.cnder requires fn�u�ance. Thl�insurancc shall be malntained in tlie amouncs and Yor thc peric�s _
<br />- ��� � ',�' thet �.ender requi�tia, The insur+�nce cerrler providing the in�urance shall be chosen by B�rrower subject to Len�ler's approval �
<br /> ___ y� wh'rch shall not be unreasonably wlthheld. If Borrower falls to maintain coverage described above, Lender may, at L.ender's
<br /> ' �r optio«,obtain cover�g�to protect Lender's rigk�ts in the Propeny in accordance with paragraph 7. _
<br /> All Insurance policir.s and renewuls ahall be acceptable to Lender and shall include a stundard mortgage clause. L.ender _
<br /> t`�"'�°` ' `h•� shall have the dght ta hold�he policlas end ren�wals. If Lender requir�s, Borrowcr shall promptly give to l,cndcr afl recaipts of
<br /> peid premiums and renewal notices. In ihe event af loss, Borrower�hall givc prompt noticc to thc insurancc carricr and Lcnder.
<br /> �
<br /> ,;� Leader may cnakc proof of los9 if not made promptly by Barrower. �
<br /> �,�''` Unlcss Lender and Borrowur otherwise agrec in writing, inaurance proceesls shall be applied ta restoradon or repair of the
<br /> - Property dameged,if the restorntion or repair is ecot�omically feasible and Lender's security is not lessened. If the restoration or
<br /> _ repalr is not economically fea9ible or Lender's securiry woald be lessened,the insurance prceeeds shall be applied ro the sums
<br /> secured by thls Security Instrument, whether or not then due, with any cxcess paid to Borrowar. If BoROwer abandons the
<br /> � ., Property,or dces not answer within 30 days a notice from Lcnder that the insurance carrier has offered to scttle a clnlm, then
<br /> _.�.;r,'.�:'; I.ender may collect the insurance procceds. Lender may use the proceeds to repair or restore the Propeny or to pay sums
<br /> `;.��n.;Q;;. secured by this Security Instrument,whether or not then due.The 30-day period wlll begin when the notice is given.
<br /> - .�". .,.t Unless Letader and I3orrower otherwlse a�roe in writing, any applicatian of proceeds to principal shall not extend or
<br />-- ' ' "'.; • postpone the due datc of the monlhly�ayments referred to in paragraphs 1 and 2 or chango the amount of the payments. If
<br />'`'�`;' ��'� under paragraph 21 the Property is acquired by Lender, Borrower's right to nny insurance policies and proc�ds resulting from
<br /> :w�:;��;��
<br />- � :;>t' damage to the Property pdor ro the acquisiNon shall pass to Lender to the eztent of the sums secured by this Security Instrument
<br />`'1� �`�-``� immcdiatcly prior ta thc acquisltion.
<br />_':`;��:�,`.���� 6. Occupnncy,Preservatlon,Matntens►nce and Protectlon o[the Property;Borrower's Lown AppllcAtlun; Leaseholda.
<br />-.-. Bonower shall occupy,establish,and use the ProErrty as Borrower's principal residenca within siaty days after the eaecution of
<br />- this Security Instrument and shall continue to occupy the Property es Borrower's principal residence for at least one year after
<br /> '�_�''�' the date of occupancy. unless Lender otherwise agrees in writing, which�onsent shall not be unreasonably withheld, or unless
<br /> ::;,��;'• extenuating circumstances e�ist which are beyond Bonower's control. Borrower 9ha11 not destroy, damage or lmpair the
<br />�:�;•,���" Property, allow the Property to deteriorate, or commit waste on the Property. Bonower shaU be in default if any forfoitun
<br />:_:�;��,; action or proceeding, whether civll or criminal, is begun that in Le.nder's good faith judgment could result in forfeiture of the
<br /> �_:�w..•t Property or otherwise materlally impair the lien created by this Securiry Inatrument or l.ender's security interest. Borrower may
<br /> �- X
<br />-.��;s;,":. curo such a default and reinstate,as provided in paragrapl� 18,by causing the action or procading to be dismissul wlth a ruling
<br />__:r�,i-`,,�;, that, in Lender's gooci faith dctermination, precludes forfeiture of thc Borrower's interest in die Property or other matedal
<br /> - °:'',°a�=�;: imga!�nsen! of the liCr�rrpat�rl hy �hia C�_r_iirjtv inctrument or Lender's security interest. Borrower shall also be in default if
<br /> .�r;�;'.�4
<br />___�,u,�n,,}s Borrower,during the loan�pplicadon process,gave n�aterially false or inaccurate information or statements to Lender(or fniled
<br /> :=r��r`.�='•�':� to provide L.ender with any material information)in wnncedon with the loan evidcnced by the Note,including,but not limited
<br /> --.:^�'.Cs
<br /> -- _— to, representatlons conaming Bottower's occupancy of the Property as a principal residence. If this Security In9trument is on a
<br /> -_�:�.::,:
<br /> ,�,; �� leasehold, Borrower shell comply with all the provisions of the lease. If F3orrower acqulres fee titic to tlie Propeny, the
<br />—=`= k�t$
<br /> =-`.4'•�t w,� leasehold and the fx title shall not merge unless Lcnder agrees to thc mergcr in wrlNng.
<br />--`�°;�Y�� 7.Protection of Leuder's Rights In tNe Property. If Borrawer fails to perform tha covenants and agraments wntained in
<br /> '-__._�l�.��
<br /> -__-_��_�:;;� this Security Instrument,or thera ie a leAal proceeciing tha[inay significantly affxt Lender's rights!n the Property(such av a
<br />�.�--=•.�K;�e,� proceeding in bankruptcy, probate, for cond�mnation or forfeiture or to enforce laws or regulatlons), thrn Lender may do and
<br />__—"°'���� pay for whatever is necessary to protect the value of the Propeny and I.ender's r[ghts in the P�operty. Lender's actions may
<br /> v`'"`"�'��� include a m an sums secured b a lien which has norit over this Socurit Instrument, a arin in court, pa in
<br /> ,r;1r� P Y� B Y Y P� Y Y PP� 8 Y 8
<br /> = reasonable attorneys' fees and entering on the Property to make repairs. Although Ltinder may takc action under this pazagra.ph
<br />_,�.;:.�;�� 7, Lender das not have to do so.
<br /> --��__-��� Any amounts disbursed by Lender under this pazagraph 7 shall become additional debt of Bonower securod by this
<br /> __,�,�=;��� Security Instrumen[. Unless Bonower and Lender agree to other terms of payment, these amounts shall bear interest from the
<br />-""`����'"� dats of disbursemer�t at the Note rate and shall be payable, with interest, upon r.otice from Lender to Bonower rcyucsting
<br /> _����:�,�..
<br /> .- payment.
<br /> °��'�°='�� 8.Mortgage Insurance. [f Lender requxred mortgage insurance as a condition of making the loan secured by this Security
<br /> ����'�� Instniment, Borrower shall pay the premiums required to maintain the mortgage insurance in effxt. If, for any reason, the
<br /> —��:�
<br /> ___ — mongage insurance coverage required by I.ender lapses or ceases to be in effect, Borrower shall pay the premiums required to
<br /> ...�.�;� obtain coverage substantiaily equivalent to the mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> °�`=x�.:,�, cost to Borrower of the mongage insuran.e previously in effect, from an alternate mortgage i��surer approved by Lender. If
<br /> "`,."�S':�;°" substantially equivalent mortgage insurance covcragc is n�t availablc,Horrowcr shall pay to Lender cach month a sum equal to
<br /> . . one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance wverage lapsed or ccased to
<br /> � �•. � be in effect. I.ender will accept, use and retain tliese payments as a loss reserve in lieu of mortgage insurance. T.oss reserve
<br /> � Form 3028 9I90
<br /> ��BHINE)�sz�z�.ox Paye 3 0l B INtiele:
<br /> Yt .
<br /> �_�r�v—�.���� -- .__��-__.._ —___....__ _
<br /> ' "._._.,._._��w�a��w1YM"��'...��-�.�-.�v..+.e�—...�..�.�—�M.�r+�^� _ �._- .
<br /> . �'�.�� .. . . .. . � . •�_.. .
<br /> .1 � �- .. . ..
<br /> • i
<br /> ' '�'_ ___ .. _.
<br />
|