|
.
<br /> .
<br /> � i:
<br /> ., � �. .
<br /> -.�_.-'
<br /> .. . - - -
<br /> �-�:aa.
<br /> : .�ti.
<br /> •44:`
<br /> ,. ti�-.o
<br /> , ..,�.��._
<br /> I��;,�r�ncc. Borrowcr shall kecp thc improvcmcnts now existing nn c�rcaftcr crectcd on the =__.�_-
<br /> S. Hazard or Pruperty -
<br /> ' Property insured against lass by fire, hazards insuran ewThis insurancc shall be ma ntaincd in thc a�mounts and for4chc pc iods `
<br /> floods or flooding, for which Lendcr requires _
<br /> nder re uires. The insurance carrier providin�the insuranca'►ntain coverage des abed aboveb�l.ender may rat I.enderas
<br /> that l.e q . . --
<br /> which shall not be unreasonably withheld. �f hts nodie P operty n accordance with paragraph 7• . ---- --
<br /> option,obtain coverage to protect Lender's rig 'v e t o Lcnder all receipts of ' •Y-'-�Y
<br /> All insurance policles and ren
<br /> ew a l s s hall be acceptable to I.ender and shall include a standard mortgage clause. Lender y
<br /> shall have the right to hold the policics and renewals•If I.ender requires, Borrower shall prompt y g � `_
<br /> aid remiums and renewal notices.in the event of loss,Borro eerr shall give prompt notice to the insurance carr►er and Ixnder. ,�'
<br /> p P Borro
<br /> Lender may make proof of loss if not made promptly by _
<br /> Unless Lender and Borcower oth�rw9sae1 aSr conomically feas�b e��r�nd r sh ecurity s,no[lessenedatlf the resporat on or =-
<br /> Property damaged,if the restoration o p •s securit would be lessened,the insurance proceeds shall be ap`per�abandonsuthe � ;-w�`
<br /> repair is not economically feasible or L.ender Y
<br /> secured by this Security Instrument, whether or not then due, with any excess paid to Bonower. If Borro e�
<br /> Pro , or does not answer within 30 days anotice from L.e�e tia��esin�suf p�T�o rrestore t e PcopertYtoT �otp y�sums
<br /> PertY
<br /> L.ender may collect the insurancx. proceeds. Lender may u P
<br /> secured by this Securiry Instrument,whether or not�hen due.The 30-daY p caton of p o e dset t pr nc Pa1 ishallenot extend or �^::;
<br /> Unless L.ender and Borrower otherwise agree in writing, a►►Y PP e the amount of the payments. If :���_ti;:
<br /> postpone the due date of the monthly paymerns referred to in pazaSraphs 1 and 2 or chang _
<br /> under paragraph 21 the Property is acquiredonYshalld assBo Lender to he ext nt of theasums secured by phi Secur'uy In trument �'°.'tiT
<br /> � damage to the Property prior to the acquisu P r�:-"�"
<br /> lication; I.easeholds. :•�,��_-
<br /> immediately prior to the acquisition. . _ —
<br /> � Borrower's Loan App - •-
<br /> b. Occupancy�Preservation,Maintenance and Protectlon of the Property; ,yF��
<br /> Bonower shall occupy,establish,and use the Property as Bonower's principal residence within sixty days after the execution of
<br /> _ „ ., thP Propeny as Bonowar's principal residence for at least one yeaz after :,�^,�_
<br /> this Securlty Instrument ana shaii coutinue to oc.c..F, —
<br /> the date of occupancy,unless Lender otherwise nO d Bomowetr•sgcont o1.cBorrower�shallt notudes oy,�diamage�or�impair,the -"��--�
<br /> extenuating circumstances exist whlch are bey Bonower shall be in default if any forfeiture �,y;,���n,
<br /> ���
<br /> Property, allow the Property to deteriorate. or commit w'aste on the Property. � �.
<br /> action or proceeding, whether civil or cdminnn created by thisl Secunty�In srum n�e or�Lenderns secuity interest�Borrow r may ,����.�;`.,
<br /> t
<br /> Property or otherwise materially impair che lie causin the action or proceedinE co be dismissod wi[h a ruling ; �
<br /> cure such a default and reinstate,as provided in pazagraph 18, by 8 or other ma[erial
<br /> � ' that, in I.ender's good faith determ1istSecurite insrumenteorrLender'sBecurty inte esteBon wershall also be in default if �� �'� �
<br /> impairment of the lien created by t1i Y
<br /> Bonower,during che loan application process, gave ma[erially false or inaccurate information or stntements to Lender(or failed —
<br /> �QO�.....
<br /> co provide Lender with any material info o�un�cy�of he�Property as�a p nc'pal res de ce. ifNhis�Secu ry I sbrum nt isnoii a _ _
<br /> to,representattons conceming Borrower P ��
<br /> leasehold, Borrower shall comply with all the prnvisions of the lease. If Bonower acquires fee title to the Propeny, the ^__ `N
<br /> leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. �__ _ __
<br /> 7.Protection of I.ender's Rights in t6e PruPerty. If Borrower fails to perform the covenants and agreements contained in `_
<br /> roceedin that may significantly affect Lender's rights in the Property (such as a �.c.- ..
<br /> s this Security Inscrumenc, er there is a legal p 8 ,:�_:.___
<br /> proceeding in bankruptcy, probace, for condemnation or forfeiture or�a�ndereslrWh srin hcatPropertY•e1-enderes acti ns may ==i:�L_.
<br /> 8
<br /> � pay for whatever is necessary to protect the value of the Property _ _ _
<br /> sun►s secured by a lien which has prioriry over this Securiry Instrumenc, appcaring in court, paying `�.�i��
<br /> include paying any >,�r:-=--
<br /> : reasonable attorneys' fees and entering on the Fropeny to make repairs. Alchough Lender may take action under this pazagraph __-_ — ` "
<br /> 7,Lender does not have to do so. y '`�'••^y�. ;��=''
<br /> Any amounts disbursed byoW°dandUl.endehag ee torother terms ofepaymentathe e am unts shall�beazrinte es tf om�he �,,, +.a,?�:.
<br /> Security Instrument. Unless Borr '=�4:'. : � �...
<br /> date of disbursement at the Note rate and shall be payable. with interest, upon notice from I.ender to Bonower requesting '`
<br /> payment. '�'•�`•�,
<br /> 8. Mortgage Insurunce.If l.ender required mortgage insurance as a condition of muking the loan secured by this Security
<br /> '� Instrumcnt, Bonower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the
<br /> I mort a e insurance coverage requited by Lender lapses or ceaseCeo bviously in eBffect�at a cost ubstant ally qu valent�to the
<br /> 1 gg
<br /> obtain coverage substantially equivalent to the mortgage insuran p
<br /> � cost to Bonower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by L.ender. If
<br /> �! substantially equivaleuc mortgage insurance coverage is not available,Borrower shall pay to Lender each month a sum equal to
<br /> � one-tweifth of the yearly mongage insurance premium being paid by Borrower when the insuranee coverage lapsed or ceased[o
<br /> �, be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu uf mortgage insutanc Form 3026e/5�9�IV0 ,
<br /> . i imUOis:� _
<br />- Pe�O 3 0�o (��� � . —.. -- -—. .
<br /> �•8R(NEl�ezi�i.o� �
<br /> �
<br /> � _ _ _ _ _ __ __
<br />
|