|
,�-F- . _
<br /> �r.,r+, . ..:r..,Ai.�dr+u+rr„�sM�-:,��v �,
<br /> . , �,r I: . .. . .
<br /> �. . r,
<br /> ,
<br /> i�� .:..e.;.� ;�� . . « . ... ... y{:�-��__'_�_
<br /> • ;�..�So. .. . :. '`- �'.� �- ' �r.,":s ---•
<br /> ,�1,. ��}u�esdWw, .' . .. , „s.--°�'"--
<br />_�..� �•�rE��� .. M .. �+��..r.µ:�t,:K`'SL.r:__.
<br /> ln.�
<br /> .
<br /> �L;'�' _ �`S.:�_�_:�...,;Y".- — —
<br /> , -�=='--"=""-- --=°--
<br /> . ....T-- -___..__......r --,— •- •--
<br />.-���... .�..�.a.�-��-.o;YJ2ts.•• ...'.._ .,�. .��''�''t _�__
<br /> — __. . -w��r ... r.�n-..+-�..��
<br /> ... . . . . . ._. ..
<br /> 98— s�.z���s
<br /> S.Hazord or Property ln.gurance. Borrowcr shall kccp thc impruvcn�euts n�w cxisting m hcrcaftcr ercctcd on Qu Pro�x:rry
<br /> � insured agalnst losx by fire, hu�ards includcd within thc tcrm "cxtendcd covcragc" and any othcr hazards, including flaxis or
<br /> floucling, for which Lencicr rcquires insurance. This insurance shnll bc maintafncd in thc anx�unts:►�xl for thc pericxis that Lcndc�
<br /> requires. The ia�uranc;e carrier providing the insurance shall be chosen by &�rrower suGjecl to l.ender's apprrnal wl�ich shall na�
<br /> be unrcasonably withhcld. If Borrower fail3 to n�intain covcragc describcd alsovc, I.cnder m:►y, at latxicr's option, abtain
<br /> coverage[o protect L.ender's righ�s in the Property in accordance with paraAraph 7,
<br /> All tnsurancc poiicics and renewals shall be acceptable to L.ender and sh111 include a st:►ndard mortgage clausc. I..end�r shall _
<br /> havc the right to hold the policies and rencwals. If l.cndcr rayuires, Borrowcr shaU promptly givc to Lcnder �II reccipis of paid
<br /> prcmiums and renewll naticcs. In the even�of loss, Borrower shall give prompt notice to thc insqrlixc carricr and l.cnder. l.encler
<br /> may make proof of luss if not madc promptly by Borrowcr.
<br /> Unless Lender and Barrower otherwise agree in w�iting, insurance proceeds shall be applicd to restoration or repair of the
<br /> Propercy damaged, if the restoration or repair is economically feasible and Ixnder's securiry is not Iessene�. If the restoration or
<br /> repair is not economically feasible or L.ender's security would 6e icssened, the insu�ance prceceds shall be �pplied to the sums
<br /> secured by this Securiry instrument, whether or not then Jue, with any cxccss paid to Borrower. If Borrowcr abando�u Uie
<br /> Properry, or does not answcr within 30 days a notice from L.ender that the insurance carrier has offercd to settle a claim, then —
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or rescore the Froperty or to pay sums secured
<br /> by this Security Instrument,whether or not then due.71ie 30-day periad will begin when the noiice is given.
<br /> Unless l.ender and Borrower oQ�erwise agrec in writing, any application of proceeds to principal shall not cxtend or postpone
<br /> the due date of the mon[hly paymcnts referred to in paragraphs 1 and 2 or change the amount of the paymen[s. If under paragraph
<br /> 21 the Property is acquired by Lender, Borrower's right tu any insurance policies and proceeds resulting from damage to the
<br /> Properry prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security liutrument immcdiatcly
<br /> prior to the acquisition.
<br /> 6.Occupsmcy,Preservation,Mwintenance aud Protection of the Pruperty; Borrower's Loan AppllcWtton;Leasselx►�ds.
<br /> Borrower shall occupy, establish, and use the Property as Borrower's principal residence within six[,y days after the ex�cution of
<br /> this S�curity Ins[rumen�and shall continue to occupy the Property as Borrower's principal residence for at least one year after the
<br /> dare of occupancy, unless Lender otherwise agrees in wridng, which consen[ shall not be unreasonably withheld, or unless
<br /> extenuating circumctac�ces exist which are beyond Borrower's control.Barrower shall not destroy,damage or impair the Property,
<br /> aliow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfciture action or
<br /> proceeding,whether civil or criminal, is begun that in L.ender's good faith judgmeiit could result in forfeiture of the Properry or
<br /> otherwisc materially tmpair the lien created by this Securiry Instrument or Lender'S security interest. Borrowcr may cure sach a
<br /> defauit and reinstate, as provided in paragraph 18, by causing the action or pro:.eeding to be dismissed with a ruling [hat, in
<br /> Lender's goai faith determination, precludes forfeiture of Q�e 1s�rrower's inierest i�i ii�ie Frap;,t:y ar ot.he:sn.'•'�si3!imp2!*!!?�nt of
<br /> the lien created by this Securiry Instrument or I..ender's security interest. Borrower shall also be in default if Barrower,during the
<br /> loan application process,gave materially false or inaccurate ir�formation or statements to I.ender(or failed to provide Lender with
<br /> any material information) in coruxction with the loan evidenced by the Note, including, but not limited to, representatians
<br /> concerning Borrower's occupa�xy of the Prop�rry as a princiyal residence.If this Securiry instniment is�n a leasehold,Borrower
<br /> shall comply with all the provisions of the Icasc. If B�rrower acquires fee title to the Ptoperty, [he leasehold and the fee title shall
<br /> noc mcrge�nlcss l.ender agrees to the merger in writing.
<br /> 7.Protectioi of L.ender's Rights in tt�e Property. If Borrower fails to perform the covenan�s and agreements contained in
<br /> this Security Instrument, or there is a legal proceeding that n�ay significantiy affec[ Lender's rights in the Property (such as a
<br /> prceeeding in bankruptcy,probate, for condemnition or forfeitt►re or to enforce laws or regulations),then l.ende►may do and pay
<br /> for whatever is mcessary to procect the value of the Property and Lender's rights in the Property. Lender's actions may include
<br /> pa,ying any sums secured by a lien which has prioriry over this Securiry Instrument, appearing in coun, paying reasonable
<br /> attorneys' fees and entering on the Property to make rcpairs. Although I.ender may take ac[ion under this paragrapl�7, Ler►der
<br /> docs not have to do so.
<br /> Any amounts disbursed by Leixler under this paragruph 7 shall become additional debt of Borrowcr secured by this Security
<br /> Instrument. Unless Borrower and l.endei�agree to other [ernu of payment, these amounts shall bear interest from thc date of
<br /> disbursement at the IVotc ratc and shall bc payablc,with interest,upon noticc from Lender to Borruwer requesting payment.
<br /> 8.Mortgage Insurance. If Lender required mortgage insuraixe as a condition of making the loan secured by this Security
<br /> Instniment, Borrowcr shall pay the premiums required to maintain the mortgage insurance in effect. if, for any reason, the
<br /> mongage insurance co��erage required by Lendar lapses or ceases to be tn cffect, Borrower shall pay the premiums requircd to
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in etfect, at a cost substantially equivalent to the
<br /> cost to Borrower of the morcgage insurance previously in effect, from an atternate mortgage insurer approved by L.ender. If
<br /> substantially equivalcn[mortgage insurance coverage is not availablc, Borrower shall pay to Lendcr each rianth a sum equal to
<br /> one-twelRh of the ycarly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> be in effect. L.ender will accept, use and retain tl:ese payments as a loss reserve in licu of mortgage insurance. Loss reserve
<br /> — Form 3�02�09l90
<br /> ^ Poje J of 6 Iniihb:�*. F•
<br /> ,,,16(�(j�IE) 19212)01 /��
<br /> �
<br /> i�
<br /> �i"r�
<br /> .��-�- - ,• �!�'j NT�-�t•a �J•:�(f• � •����`,��,���
<br /> .� .. .}S' . ' .:�r YAf..vL1 Ja.f � . . _. _ ��� .- _
<br /> ' �� `e
<br /> . _.
<br /> ;� a 5� ��,;f..{,t�u i_ y t�i � `�r.
<br /> .,
<br /> `r'�,`
<br />-��.-_ _' .. _. .�_._.____ _ _.__ _.._.. �til°0__.i*�'�3•. " _ __..._____'___ _. _� �S �'r _ '_L_]1}�}r'b.
<br /> �__ ....�_..'__'_"'_"—,._.._______—'_'.__:�_ ' - _ . -- .- �{���y�y�- . .. � ..'""__'.. ..__'_ ,. _.___ _._ -
<br />. -. _ .. _ _.—_ __ ____ -{I!�.lA'^"IZJ� ;�:1. .. . � J.
<br /> � . .� .:5'.. , . . • . - . . ' . __
<br /> i .. '" . .. .. ,. . . �
<br />� l . . _ � ' . " . ' �. . � .
<br /> .� . ., . �� . . .. .
<br /> . .� .. . ' . „ �� - . . _.
<br /> ' ' - ., -' � `��.. . . ' . . ..
<br /> ..1 . .. . . .i ..� '�it"� . � .. ., .
<br /> .. . � .� „�_ .�� _ .__ ' .— •. .
<br />
|