|
.. >h a ,. ;�.
<br /> '+hMt •
<br /> �t .
<br /> .'!,
<br /> . � ' .C"":'�
<br /> ,..-. .
<br /> . .. � ��e.i�wN.
<br /> �
<br /> + � �'t��'
<br /> y.,�ya+:..,
<br /> �� ��`,,�:
<br /> „ '�'a"�'!�`�-
<br /> . ��"'�i.f��5�� ;:.�*x�.-
<br /> � , `�':
<br /> � 5.HAZard or Property InsurAncenc B��Wi�`n��c���c tendcdmovcrngc" anduany othcreha•r.erdsc incudin�efloods or � „ '�
<br /> � i n s u r c d a g a i n s t l o s s b y f i r c, h a z e r d s _ _����
<br /> � flooding,for which Lcndcr rnquires insurancc•'Ibis insurancc shull bc maintain e d in t hc a m o u n t s s n d f o r t h c p c r i a l s t h a t L c n d cr :_,r_:`
<br /> ��r-•=--
<br /> " requires,The insurance carricr provlding the insurance shall be chosen by Borrower subject w I.ender's approval which shall not •,�•�4:��
<br /> bc unrcasonably withhcld. If Borrowcr fails to maintein coverage described abovc, Lendcr may, at L.ender's opuon,obtain ,;:a�u
<br /> :'. :�:.-
<br /> covcragc to protcct Lcndcr's righu in ihe Property in accordancc with pacagraPh 7. '�,:;y�is�_-
<br /> All inswazice policies and renewals shall be acceptable ta Lender and shall include a standard martgage clause.Lender shall ::.;��'�
<br /> p ive to Lender all rcceipts of paid ���-�,_
<br /> � have thc right to hold the policies and renewals. If L.cnder requires,Borrower shaU prom tly g „�--_ __ _____
<br /> premiums and renewal nodces.In the event of loss,Borrower shall give prompt nodce ta the insurance c.arrier and Lender.Lcnder �,n-�=�—°
<br /> may make proof of loss if not made promptly by Borrower. :�: =_
<br /> hed to restoration or repair of thc •_�
<br /> � Unless Lcnder and Borrower othcrwise agrce in wnw►8.insurance P10�S ShaU be app ^M
<br /> � pio�rn, �aged,if the restoradon or repair is economically feasible and L.ender's security i�slsh�all b�e fl p p 11 edetA t�he sums �.��n�_
<br /> , repair is not economically fcasible or I.ender s security would be lessenec1,the insurance p •r ,:�
<br /> securcd by this Security Insuument, whether or not then due, with any excess paid to Borrower. If Bonower abandons the .-
<br /> properry, or does not answer with�in 30 days a notice Pu��nde�s�� r pair or restoreett►e ProPert or to�pa�swns s��� .`,+'.-�
<br /> Lender may coUect the insurance pTOCCeds•L.ender m y p ri�����g�when thc notice is given. -
<br /> � by this Security Instrument,whether or not then due.'Ilie 30•daj�P� l�cadon of roceeds to principal shall not extend or postpone
<br /> � Unless.'.endcr and Borrower otherwisc ugree in writin8�ha►►1�p 2 or changc ihe amount of thc payments.If under paragraph ,
<br /> the due date o�the monthly paymenis refened to in paraS�P
<br /> 21 the Property is acquired by Lender,Bonowerder tohiheex'tentnof�ti�iecsums secured byrtt►�is Ssecurity I sftrumen�imm�ediatelY
<br /> �. p lo p e�t y p ri o r t o t h e a c q u i s i ti o n s h a ll p a s s t o L e n N,�.
<br /> prior w theacquisidon. pcation;Leaseholds. """�
<br /> � `'�' ,�,�.,.
<br /> 6.O ccu p a n c y,P r e s e r v a t i o n,M aintenunce and Protection ot the Property; Sorrower's Loan pp _
<br /> � Borcower shall occupy,establish,and use the Properry as Bonower's princlpal residenee wi t hin six ry d ay s a f t e r i h e e x e c u d o n o f .��,��`' :�.
<br /> ��� �er_.��rity Instrument and shall continue to occupy the Property as BoaowePs principal residence for at least one year aicer ihe ��'i��;•-
<br /> 4' .-
<br /> �' � 4�:,.
<br /> date of oecupaney. unless Lender otherwise agrees i� wririn8, w3dch c��tscni �hall noL be �nreaconably withhald. or unless .�t; 'I�
<br /> eztenaating circumsten�es exist which are beyond Bortower's conuol.Borrower shall not destroy,damage or impair t1�e Property. _
<br /> allow the Property co deteriorate, or commit waste on the Property. Bonower shall be in default if any forfeiture action or �;e_
<br /> p�oceeding,whether civil or criminal.is begun that in I.ender's good faith judgment could result in forfeiture of the Pcoperty or ,�;;.
<br /> otherwise materially impair the lien created by this Security Instrument or Lender's securiry istteresG Boaower may cure such a
<br /> default and reinstate, es provided in paragraph 18,by causing the acdon or proceeding co be dismissed with a ruling that,in ���;,
<br /> Lcnder's good faith determination,precludes forfeiwr S o��Bon���Boaowet shall also bcrtin def ult If Bonowerpdurin8tthe
<br /> �; the llcn created by this Security Instrument or L.ender Y
<br /> loan application process,gave materially false or ineccurate informadon or statements to I.ender(or failed co provide Lender with
<br /> any material informadon) in connecdon with the loan evidenced by the Note, including, but not limited to, representadons
<br /> ^ concerning Borrower's occupancy of the Property as a�0 e P���1��f•uae�to t�1►e Propeny�th�leasehold and�thhe f dtle shall
<br /> •� shall comply with all the provisions of the icase•If Bo �9 _
<br /> � not merge unless Lender agrees to ihe muger in wriung. , _---
<br /> � 7.Protection of Lender's Rights in the Property. If Borrower fails to perfarm the covenants and agreements contained in
<br /> ;, this SecuritY Inslrument,or there is a legal proceeding that may significantly affece Lender's rights in the Pcoperty(such as a —
<br /> + proceeding in bankn�ptcY.Probate,for condemnation or forfeiwre or to enforce laws or regulations),then L.ender may do and pay �;
<br /> r for whatever is necessary to protcct the valuc of thc Property and Lcnder's rights in the Property Lender's actions may include �"r.��x _
<br /> ' paying any sums secured by a lien which has priority over this Securiry Instrument, appearing in co�rt, paying rcasonable ---
<br /> - attomcys'fecs and entering on the Property to make repairs.Although Lcnder may take acuon under this paragcaph 7, Lcndcr ---
<br /> ' ' docs not have to do so. <,���-:W�,�,,,.,
<br /> Any amounts disbursed by Lender under this parab*raph 7 shsill become addidonal debt of Bonower secnred by this Security .
<br /> i .�:..,.•.:�;�:.;M�n�
<br /> � Instrum�nt. Unlcss Borrowcr and L.cnder agrec to other tcrms of payment, thcse amounts shall bear interest from thc dnte of
<br /> ' disbursement at the Note rate and shall be payable,with interest,upon notice from Lender to Bortowcr rcqucsting paymen� „ s,,,;,;,,1,'
<br /> I _ .'.�`.
<br /> S.MortRuge Insurance. If Lender required mortgage insurance as a condidon of making the loan secured by this Security • .,�c=��:;�,�,,._ :„..
<br /> Instrument, Boirower shall pay the premiums required to maintain the mortgage insurance in effec� If, for uny mason,the
<br /> •, _ai w
<br /> mortgage insurance coverage required by Lender lapses or ceases co be in effect. Borrower shall pay the premiums requircd ro , .
<br /> ..'�:.:
<br /> obtain wverage substantially equivalent to Ihe mongage insurance previausly in effect,at a cost substantially equivalent w ihe .�=:
<br /> cost to Borrowcr of thc mortgagc insurancc prcviously in cffcct, from an alcematc mortgagc insurcr approved by Lcndcr. If
<br /> substantinlly cc{uivalcnt mortgagc insurancc covcragc is not availablc,Bonowcr shall pay to Lcndcr cach month a sum equal to
<br /> one-twelRh of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> Ue in e(tect Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insuranee. I.oss resen+e
<br /> Form 3028 9/90
<br /> A1.I.ID _eNfNEli0z�2�.o+ P�Oa3ot8
<br /> inuia�i:
<br /> �p ' '
<br /> _—:...
<br /> . �
<br /> �1 _ __ _ _ _
<br />
|