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<br /> ,,,�� S. Nazard or Property L�suruncc. Horrowcr shull kcep thc imprrncnun�s now cxisting on c�rcuftcr crectcd on thc
<br /> Property insurcJ ugainst loss by fire, har.�irds included within thc tcrm "extcndcJ coverage" and any othcr hazards, including
<br /> flcxxls �x(lo«1ing, for which l.cndcr rcquires insuruncc. Thi� insurancc shall bc muintiiincd in thc amounts und for thc pericxls
<br /> • ' ihtit Lcndcr requires. 'Phe inwrancc carricr pruvidin�;thc insur.uuc shull hc choscn hy liorrower subjcrt to I.�ndcr's :�pprovul�
<br /> .. '�� which sl�ill not be unrcasonahly withhcld. !f Borruwcr fuils ta mui►uain covcragc dcscribui ubnvc. L,cndcr muy, ut Lcndcr's�
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<br /> option, a6win cover.ige to protect Lender's rights in the Property in uccordunce with p.u•agruph 7. �
<br />�., ; All insuranrc palicics xnJ rcncwulh shull hc acccptublc to L�:ndcr and shall includc a stundard mortgagc clausc. [.cn cW
<br /> t, sh:dl h.tvc the right to hold thc policics und renc�vnls. If Lender rcyuires,Borrower shall prompQy give to Lendcr ull receipts o�
<br /> . � paid pramiurns and renewal nutices. ln the event of lu�s, Bnrrower shull give prompt nutice tc�the insurunee carrier and 1..,ende�Q
<br /> Lendcr nu�y makc proof of loss if not mudc prompdy by Borrowcr. 0 _
<br /> Unless [.cnder and aorrower otherwise agrcc ii��vriting, insurui�cc prcxceds sh:�ll he upplicci to rest�ration or repuir of thrilT
<br /> . Propertydamagul, if'thc rctitoration or repuir is economically fcasible und Lendcr's sccurity is not lesscned. If thc restoration or
<br /> rcpair is not cconamicslly fuisiblc cn• Lcndcr's security would bc Icsscned,the insuruncc procceds shall be applicd to the sums
<br /> . secured by this Security ln�trument, whether c�r not then due, with any excess paid [o Borrower. If Bonnwer abandons the
<br /> Property,or Jocs not ansa•er�vithin 30 duys u nntice from Lender that the insurance carrier has offered to settle a claim.then
<br /> I.ender may rnllect the insurance proceeds. l�nder may use the proceeds to repair or restore the Property or to pay sums
<br /> ` secured by this Sccurity In�trument, «�hether or not then due.The 30-d�y period will hegin when the notice is given.
<br /> Unlcss Lcnder und Borrower otherwisc agrec in wricing, any application of proceeds to principal shall not extcnd or
<br /> postpone the due datc of thc monthly payments refcrred to in pacugruphs I and 2 or chunge thc amount of thc payments. If
<br /> undcr paragraph 21 thc Pr��peny is ucquired by L�:nder, Borrowcr's right[o any insurance policies and procceds resulting from —
<br /> � damage in the Property prior ro the ucquisition shall puss to Lender to the extent of the sums secured by this Security Instrument
<br /> immediaicly prior to thc acquisition.
<br /> � 6. Oceupancy,Preservat[on,Maintenance and Protection of the Praperlty;Sorrower's Loun Applicntion;I.easeholds.
<br /> . 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 orcupy the Propeny as Borrower's principal residenee for at Ieast one year after
<br /> , the dute of occupancy, unless L�:ndcr otherwise agrecs in writing, which con.ent shall not be unreusonably withheld, or unless
<br /> cxtenualing circumstanccs cxist which ure beyond B�irrower's control. Borrower shall no[ destroy, damnge or impair the
<br /> � : - Prcg�rt„�!le��• [h� PsoYert; tL� ��T�I'�nratr, nr rnmmit w:�ste nn thc Property. Borrower shall be in default if any forfciture
<br />� action ar prcxeeding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the
<br />',; ,.. , Properry or otherwitic matcrially impnir the lien creatcd by this Serurity Instrument or Lender's security intcrest. Borro�ver may
<br /> ' cure such a default and reinstute,as provided in paragraph 18. by causing the action or proceeding to be dismissed with a ruling
<br /> that. in Lender's gocxi fuith dctermination, prccludes forfeiturc of the Borrower's interest in the Property or other matcrial
<br />- impairnxnt of the lien created by this Security Instrument or Lender'ti ,�curity int�rcal. Borrower shul! uiw be in default if
<br /> Horrower, during the loan application process,gave materially false or inaccurate information or statements tn Lender(or failed
<br /> '� � . '� ��' to provide L.ender with any mnterial information) in connection with the loan evidenced by the Note, including. but not limited
<br /> " ' „_ ,k to,representations concerning Borrowcr's ocrupancy of the Property as a prinripal residence. If this Security Instrument is on a
<br /> �.. Ieasehold. Borrowcr shnll comply with aU thc provisiuns of thc Icasc. If Borrower acquires fce titic to thc Property, the
<br /> y leusehald und the fce tide shall not mcrgc unless C.endcr ugrecs to the merger in writing.
<br /> - ��` 7.Protectton oP Lender's Rl�hts in the Peoperty. If Borrower fuils to perform the covenants and agreements contained in
<br /> - ��` this Sewrity Instrument, or there is a Iegal proceeding that may significantly uffect Lender's rights in the Property (such as a
<br /> praceeding in bankruptcy, probate. for rnnJemnation or forfciturc or to enforce laws or rcgulations), then L.ender may du und
<br />� pay for whatevcr is ncccstiary to prateet the valuc of the Propeny and Lcnder's rights in the Property. Lendcr's actions may
<br /> _ ittelude paying any sums secured by a licn which has prioriry nver this Security Instrument, appearing in court, paying
<br /> ; reason�hle auorneyti' Fees and entcring on the Pmperty to makc repuirs. Although L.ender may take action under this paragraph
<br /> •- • 7,Lendcr d<xs not h�vc t��do tiu.
<br />"� ��� � Any amounts disbursed by Lcndcr undcr this par.tgruph 7 shall becomc additionul debt of Borrowcr sccurecl by this
<br />� ••� Security Intitrument. Unlcss Borrowcr and L,endcr agrce to othcr tcrms of puymcnt, thesc anwunts .hull bear interest from the
<br /> � � datc of disburscment at thc Notc ratc und shall bc payuhlc, with intcrest, upon noticc from Lcndcr to Borrowcr rcqucsting
<br /> paymem.
<br /> • R.bioM�u�;e Insurance. If Lrndcr rcyuired ntortgagc insurancc as a condition af making thc loan sccurcd by this 5ecurity
<br /> Instrunxnt. B��rrower �hull pay du prcmiums rcquircd to maintain thc mortgagc insurance in effect. If, for any rcxson, the
<br /> mortgage insurance coverage requimd by LenJrr lapses or ceases tu hc in effect, Borrower shall pay the premiwns required to
<br /> obtain cnvcra�c subslantiall��cyuivatcnt to thc mortgagc insurancc prcviously in cffcct, at a rost substantially cyuivalent to thc
<br /> cost to B<irrowcr of th� mortgugc insurancc prcviuusly in effect, from an aRcrnatc mongagc insurcr approved by i,endcr. If
<br /> suh�t�►mially cyui��alcnt mortgagc insuranrc ruvcragc is not availublc. Borrowcr shall pay ti� Lendcr cnch munth a sum equal to
<br /> onc-twclfth of tlic��carly mortgage insucunec premium being paid hy Borrowcr when the insurancc roverage lapscd or ccascd to
<br /> be in r(fert.I�nder�vill accept. usc anJ rrtain lho,c paymentti as a luss rc�crve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9190
<br /> Pa�7a 3 0�fi
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