|
_..._....,__.,._..._.�_ .._.�.-_� ...�-- —
<br /> :..�,..;;...,..�r.:.�. ___ . . -
<br /> .. ' �d�I�t's?`:tr;r,:t$:�1..:�a...;_"... :.... .....—..__— ---- �-� ..
<br /> -------._ _.. . ..-----..____ . _ .
<br /> . . ._ - ----... -�---- ----------
<br /> . _. . .._--._ .. ---- -
<br /> . _-----..._--. .
<br /> 98--112654
<br /> 5. Hazord or Property Insur�nce, Borrower shall kecp the impmvements now existing or hereafter crected on thc
<br /> Property insurecl against loss by fire, hu•r.ards included within thc temi "extended covcruge" and any other ha•r.urds, lncluding
<br /> tloods or flcxxling, for which l,erxier rcyulres insurance. This inswance shull be muintuinecl in the amounts und for the pericxis
<br /> that L.encicr reyuires. Th� insurance curricr pcoviding thc insurance shall bc choscn by Borrowcr subjc�t to l.endcr's upprovul
<br /> whlch shall not be unreasonubly withheld, If�rrower fails to malntain coverage described above, Lender may, at Lender's
<br /> optinn,obtain coverage to protect Lencler's reghis in the Propeny in accordance with paragraph 7.
<br /> All insurance policies arx! renewals shall be ncceptable to Lender nnd shall includc a slandard mortgage clause. i.endcr
<br /> sheU have�he right ta hold the�licics und renewlls. It'Lcndcr requires,Borrowcr shnll promptly give to L.endcr all rercipts of
<br /> paid prcmiums and renewal notices.In the event uf loss,Bc�rrower shall givo prompt notice to the insurance currier unci I.encler.
<br /> [.ender nwy make proof of loss if nat made promptly by Borrower.
<br /> �L)nlcss i.ender and Borrawer athcrwise agree in wrlting, insurance procecds shall bc applicd to restoration or repair of the
<br /> Property damagai,if the restoration or repair is economically feasible ancl l.crder's security is i�ot Iessened.!f the restorntion or
<br /> repair is nat economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums
<br /> secured by this Security (nstrument, whether or not thcn due, with any excess pald to Aonawer. If Bonower ubandons thc
<br /> Propcny, or dces not answer within 3D deys a noticc from Lender that the insurance carrier has offered to settic a claim, then
<br /> Leixier may collect the insurance prceceds. Lender may use the procads to repair or restore th� Aroperty or to pay sums
<br /> secured by this Security lnstrument,whether or not then due.The 30•day period will begin when the notice is given.
<br /> Unless L.ender and Borrower otherwise agrce in writing, any upplication of procecds to principal shall not extend or
<br /> postpone the due date of the monthly payments refenai ta in paragraphs 1 and 2 or changc the amount of the payments. If
<br /> under paragrnph 2l the Property is acquired by[.-,nder, Borrower's right to any ir.surance policies and proceeds r�sulting from
<br /> datnage to the Prop�rty prior to the acquisition shall pass to I.ender to the extent of the sums sec�ared by this Security Instnmm�t
<br /> immecliately prior to the acquisition.
<br /> 6.Occupwncy,PreservAtlon,Mwintenance and Protection ot the Property; Borrower's Lo�n Appllcation; I,easeholde.
<br /> Borcower shall occupy.establish,and use the Property as Borrowrr's principal residence within sixty days aft�r the exxution of
<br /> this Socurity Instrument and shall c.ontinue to occupy the Property es Borrower's principal residence for at least one year sfter
<br /> the date of occupancy, unless Ler�der otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> extenuating circumstances exist which are beyond Bonower's control. BoROwer shall not destroy, damage or impair the
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in dcfault if any forfeiture
<br /> action or procading, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the
<br /> Property or otherwise materially impair the lien created by this Security Iistrument or Lender's security interest. Borrower may
<br /> cure such a default end reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> itsat, ic Lwrrl�r'c orxx� �'nith drtr.rtnioatinn; �reclude.e forfeiture of the Borrower's interest in the Property or other material
<br /> impair►ncnt of the lien created by this Security Instrumcnt or l.ender's security interest. Borrower shull also be In default if
<br /> Borcower,during the loan application prceess,gave mtttcrially false or inaccurate information or statements to Lender(or failed
<br /> to provlde Lender with any material infarmation) in connection with the loan evidenced by the Note. including,but not limued
<br /> to,repcesentations coneeming Borrower's occupancy of the I'roperty as a principal rasidence,If this Security Instrument is on a
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Borrower ucquires fee title to the Property, the
<br /> l�asahold and the fce title shaU not merge unless[.ender agrces to the merger in writing.
<br /> 7.Protection ot Lender's Rlghts in the Property.If Borrower fails to perform the covenants�nd agreements contuined in
<br /> this Security Instrument, or there is a legal procealing that may signi�cantly affect Ir_nder's rights in tht Property (such as a
<br /> proceeding in bankruptcy, probate, for condemnation or forfeiture or to enforce lav�s or regulntions), then I.ender may do and
<br /> pay for whatever is necessary to protect tlu value of the Property and Lender's rights in the Property. Lender's actions muy
<br /> include paying any sums securecl by a licn which has priority over this Security Instrument, eppearing in court, paying
<br /> reasonable�ttorneys' fees and entering on tl�e Property to make rcpairs. Although Lender may take actton under this paragraph
<br /> 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lcnder under this paragraph 7 shall become additional debt of Horrower securai by this
<br /> Security Instrument. Unless Borrower and L.ender agree to other tenns of payment, tliese amounts shall bcar interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from I.ender to Borrower roquesting
<br /> payment.
<br /> 8.Mortgage InsurAnice.If L.ender required mortgagc insurance as a condition of'making thc loan cexurcd by this Security
<br /> Instrument, Horrower shall pay the premiums requirod to maintain the mortgage insurance in effect. If, for any reason, the
<br /> martgage insurance coveragc required by Lender lapses or ceases ro be in effcct, Borrower shall pay the premiums reyuired to
<br /> obtain covcrage substantially cquivatent to thc mongage insurancc pceviously in effect,ut u cost substantially equivalent to the
<br /> • cost to Borrower of the mortgage insurance previously in cffect, from an alternate mortgage insurer approved by Lender. If
<br /> substantiaFly..quivalent mortgage insurance coverage is not availablc, Bonower shall pay to Lender each month a sum equnl to
<br /> • one-twelfth of the yearly mortgagc insurance premimn being paid by Borrower when the insurance coverage lapsecl or ceased to
<br /> be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9/80
<br /> P�y�3 ot B
<br /> ,(
<br /> � .-�_ � �2�' y �a•�- --- -----=- --
<br /> ���.�L.�.�tira., .r�:-.._ – --- –
<br /> —�.a-�. � -_�: r �` _=
<br /> � ..�.�–
<br /> r..G�o...�.�,r"Y�. � „,y i_r av sz� n,.,a _"`.`.: �"='=�.. — —
<br /> ..v�cy uv-, - .�s�c.t��z: r...-.._.��.--^����.��
<br /> . •
<br /> ��°�.:dF,7'Y���'i'iE�1Y"xt� 7:_ 'La>_i��;,�r,r,�'�%��`'�iti�9�S�..-� -. ''='.�, --- ' �_ ' �--�
<br /> • ;t
<br /> � ` .,�Z,��wr,_ Ay1�; R . � y =� � �i Z ',G t�P9mn.�..��e.y-.s_.....__
<br /> ��7r a
<br /> +T��:a� 4� � ` �' c 4 x �nci�.i . - -
<br /> .. _ �"7Ki�' -- ..._..a._A
<br /> . � S�t�YV • ♦R� : .. . -s. �+n u-`i.'el'fM Aq��'t` ' 1K1��"��$���- ' ' __ _ �"' . __..___._._—...
<br /> r"j'�y ` S t . ,[ jq�� t'�• � ,t �' � ' ".�. _.__ _..—
<br /> §i i'��f 7*.!' '�,.�5�� ��, _ :•..�.�j.�,"Lr. +�, �v�Y.:a;b�E"�� i�'f1Zri 3 {�ln.�r"-�+�.��------
<br /> '1 - a �•��� �� '� xi
<br /> �!i- n ;r�;...(_ .., c ..�..:.� �,,�c.,fK1 yt�va �.� �' '�.t�,3FA&. — —
<br /> �l 1 . , . .. . ,T x.Y c 4 .e�:` f !� 4 ��-�, � —
<br /> -;�. • ' `�• � t! 3y.�,'�.• r.� l.�;3t�-j�`��J, r ._.: _---
<br /> �4 .. . _- ♦..-•i d�:.
<br /> �.f�Y. � - a,�;'Y�i'n.y�k� `YZ:��:l�:�'
<br /> - ' ,P . , - - . . . .. _ i� �tfi" '',r j:..tL..
<br /> �`��l. . ... .., ' _ :Ry �L•'. J�l• ,J .r . ���,.�
<br /> }� ' . . . � �� " � '_ ' . .. � •� - .. r u�; y�p-_y�� -- -
<br /> r' ' , � �' � - �W` � - i r, ' }ts'`s�j7� ° _— -- __—�.�__�..
<br /> •��.. . . . `.�.....�,..'�:.._'}...`ta`�E�r Ar;aa'�':`:,f'�'.i�,,.`�'Ytj,°��tC`�"r'��x=—�--�--m---
<br />
|