|
• .�.,-
<br /> ( 3 . �'iYt�vlJ ...�1. Q 1.� ''l.i� � � - ��Y�M.TtJJ'Ll. .y ___.�,.-_._�-.
<br />..u� _'��_����fRM� �.•J. 71i`yY�::'r'_�i.u�.4Nw+ LI/�1w��Iv., ��1��� ���� �...��4R .euw_nn.
<br /> l.
<br /> 9$�-ii268f
<br /> 5. Ilwu►rd or Properly InsurAnce. 8orrower shall keep thc improvements now existirig on c�rcaftcr crected on thc
<br /> Propeny insured against loss by fire, hazurds included within the term "ex�cnded covcragc" and any other ha7.ards, includin�
<br /> flood�or flooding, for which I.ender requires insuranc�.Tliis insurance shall be maintained in the amounts and for the pericxls
<br /> that l.ender requires. The insuruicc carriet provlding the insurancc shall be chosen by Borrower subject ta l.ender's approval
<br /> whlch shel! nat tx unrcasonably w{thhclJ, If Borrowcr fails to maintain caverage describcd abovc, I.ender may, at Lcndcr's
<br /> optlon,obtaln coveragr,to protect Lender's rights in the Property in accordance with paragraph 7.
<br /> All insurunce poUcies and renewals shall be acceptable to L.ender and shall include a sta��dard mortgagc clause, Lender
<br /> shall have tho right ta hold the policies:►nd renewals. If l.ender requires, Bor►•ower shall promptly give ta I,ender nll receipis of
<br /> paid premiums and rencwal noticcs, In thc cvcnt of loss,Borrower shall give prompt notice to thc insurancc cnrricr and I.�ndcr.
<br /> Lender may m�kc proof of loss if not mnde promptly by Borrower. . _
<br /> Unleys Lender and Borrower otherwise agree in writing,insura��ce procecds shaU be applied to restoration or repair of the
<br /> Propeny damaged, if the restoration ar repair is economically feasible and Lender's security is not Icssened. If the restoration ar
<br /> repair is nat economicaUy feasible or Lender's security would be lessened,the insurance proceeds shall be applied to the sums
<br /> secured by this Security Instru��xnt, whcthcr or not then due, with any cxcess paid to Borrower. If Borrower abandons thc
<br /> Properg�, or daes nat answer within 30 days a notice fram l.ender that the insurance carrier has offered to settle a claim, then
<br /> Lcnder may collect the insurance proceeds. Ixnder may use the proceeds to repair or restore the Property or to pay sums
<br /> sceured by this Security Instrument,whether or not then due. The 30-day period will begin wiien the notice is given.
<br /> Unless L,ender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due datc of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 21 the Praperty is acqulred by l.ender, Borrower's right to any insurance policies and pnoceeds resulting fram
<br /> damage ta the Property prior to thc acquisition shall pass to Lender to the extent of the sums secured by this Security In�trument
<br /> immediately prior to the xqulsition.
<br /> 6. Occupwncy, Preservation, Maintenance pnd Yratection ot tl�c Property; Borrower's Loun Applics�tton;LrASeholds.
<br /> Borrower shall occupy,establish,and use the Propeny as Borrower's principal residence within sixty days after the execution of
<br /> this Security lnstrument and shall continue to cecupy the Property as Bonower's principai residence for at least one year after
<br /> [he da[e of occupancy, unlesa L.ender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> rxtenuating circumstaraces exist which are beyond Bonower's control. Borrower shall not destroy, damage or impair the
<br /> Property, allow the Prap�erty to detGriorate, ar commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> action or proce,eding, whether civil or criminal, is begun that in Lender's goc�d faith judgment could result in forfeiture of the
<br /> PropeRy or otherwise enaterially impair the lien created by this Security Instrument or L.ender's securi[y interest. Bonower may
<br /> cure such a default and reinstate,a�pravided in paragraph 18,by causing the action or proceeding to be dismissed with a ruting
<br /> that, in i.end�r's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material
<br /> impairment of the lien crcattd by this Security Instrutnent or Lender's se.curity iaterest. Borrower shall also be in default if
<br /> f?0:50:'lti, iSJlLRb'w C�Oan spgli.,^..°S:QR�?ICCL�S,�«VP IIZSIPSl��j f�CP QI SA7L�CLIT�IP informa!ien er starpm�nr�r�t�r��r r�r fail�
<br /> to pruvide l.ender with any material information)in connection with the loan evidenced by the Note, including,but not limitod
<br /> to,representations conceming Borrower's occupancy of the Property as a principal residence. If this Security Instntment is on a
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If 8orrower acquires fce titic to the Property, the
<br /> leasehold and the fx title shall not merge unloss Lender agrees to the merger in writing.
<br /> 7.Protectfon ot Lender's Rights in the Property.If Borrower fails to perform the covenants and agreements contained in
<br /> this Security Instrument, or there is a legal proceeding that may significa��tly affect L.ender's rights in the Propeny (such as a
<br /> proceeding in bankn�ptcy, probate, for c:ondemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Property and C.ender's rights in the Property. Lender's actions may
<br /> inctude paying any sums secured by a lien which has priority aver this Security Instrument, appeazing in court, paying
<br /> reasonable attomeys' fc�s and entering on the Propcny to mal;e repairs. Al�hough L,ender may take action under this pazagraph
<br /> 7,l,ender dces not have to da so.
<br /> Any amounts disbursed by Lender under this parngraph 7 shall become additional debt of Bc�rrower secuttid by this
<br /> Security Instrument. Unless Bonower and Lender agree to othcr terms of payment, thesc amounts shall bear interest from the
<br /> date of disbursement at thc Note rate and shall be payable, with interest, upon notice from L.ender to Borco�Her requesting
<br /> payment.
<br /> 8.Mortg�ge Inserance. if Lender required mortgage insurana as a wndition of making the Ioan secured by this Security
<br /> lnstrument, Borrower shall pay the premiums required to maintain the mortgage iusurance in effect. If, for any reason, the
<br /> mortgagc insurance coverage required by Lcndcr lapses or ceases to be in cffect, Borrower shall pay the premiums required ta
<br /> obtain coveragc substantially equivalent to thc mortgage insurance previously in effect, at a cost substantially equivalent to the
<br /> cost to Borrower of the mongage insurance prcviously in effect, from an altemate mortgage insurer approved by t,ender. If
<br /> substantially equivalent mortgage insurance coverage is not available, Borrower shall pay to Lender each month a sum equal to
<br /> one-twelfth of the yearly mortgage insuranee premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> be in effect.Lender will accept,usc and retain these payments as a loss reservc in lieu of mortgagc insurance. Loss rescive:
<br /> Fam 3028 �/90
<br /> ��6RINE1 issu�.oz Pepa 9 of 6 i��uus:--
<br /> f_ __._�____�....,..�.�.----------------•----------------�•�^--_-- ..,�
<br /> _�_.
<br /> _- , :.,-...
<br /> . :'i`�✓•.��.'`+h: - �� ' '" . ��'{{�� r�'�`s�'r - _
<br />_ ... ,�,,•• . �y �,,.�^...• i�.1�')j�S.4i�k�k�i�-m
<br /> �jy, f �...�.i�.�A.051�4 4. .T,'t'N 1
<br /> :�
<br /> . '. '
<br /> i: ' .
<br />�, • .. .r '. . �. � - _"_
<br /> � . .
<br /> 'N S'� i.�C 1�'�"t" M . .•�r K - ,i i1l A•.
<br /> 'iS' �j����'.t�•,j_ ..., t '. /�,�.')V" C� �
<br /> ti
<br /> ...-.__.. ._.... ... . .... . .......'- . . .... ..... ._.-_... _.: __. .._ .:-.n,-.r-.�v.-.�n.�.DY..-n .:.z -.- - �- _.-__ -. ."
<br /> . . '�. ' �'� �� � }L��:-_
<br /> . .. . ,,�.. . � �. . . � . �-7'if,V` 1';-=`.--_
<br />: " ' ' . .��r�:�''�'�
<br /> .. . . ., , `+ y�r.���;1�_
<br /> ,. ., . . , ,r r 5�`�1�''�
<br /> _ n . - . � . �'!' X � ','
<br /> . . "' .,.1.'�[/ . . . .� . ���-���y��1--
<br /> . . _:L�.• ....� +�i'�-'a'�:.�"
<br /> Y `'�•,����vi�• , ��T. 1�..;.15�-irY�:_-
<br /> .. . - . � - - •y.�Y.t�y\'�'�yy..��i l�, t n.� yt
<br /> 1 .� .. �� i� .. •.f���i ��:�?'��J .�l�:� . .. �^�S,:.Y
<br /> � �-1i4j��aT���� `.t.'�.f� �.Ar��:l.�_.
<br /> . , - � , r-•�1��}"�'"i1�iF�:�� ./� . ... ..
<br /> � � .�. . ., -,� . ..� _ _.._ ..' -.
<br /> �
<br /> J�
<br />
|