|
_ --.. �_.. .�....y....,.,,,
<br /> y,. .: . -, . . , - --- - .__� -�='+�t�r���
<br /> .., � .
<br /> , ��,
<br /> ,�q,,... ..... ._—� =-
<br /> *�'-"-- --- �.�,�:
<br /> �� ��F/IO�-!
<br /> S. H�zard or YmpeHy insurance. &�rr�er shall kecp thc i►nprovcments now cxisting or hercafter crected on the
<br /> Property insuretl against loss by fire, huzards included within the term "extcnded covc�ugc" und uny c�N�cr ha•rnrds, including
<br /> floods or floociing, for which I.,ender reyuires insurance.This in5urunce.'�all I�e muintuiiuci in the unx�unis u►xf for the periads
<br /> thnt I.ender reyuires. The insurnnce carrier prnviding the insurunce shull be chosen by &�rrnwer tiubject�o (Ander'ti upprovnl
<br /> whicl� shall not be unreationubly withhcld. If Borrower fails to m:tintuiu covcruge dexribecl ufxwe, Le�xlcr muy, ut I.ender's
<br /> aption,oblein coveruge to pri►tect l.ender'ti right.r•in the Properiy in uccordunce with purubrAph 7.
<br /> All insurance �licies aixl rentwal� shall be ucccptuble to Ixnder und siinll include u s�nndurcl mon�s�ge clause. I.ender
<br /> shall havc�he eight to huld thc�xdlcics and rencwuls. If Lcndcr rcquirc�, Borrower shnll prompqy givc t�l.cndcr odl rcccipts of
<br /> paid premiums arxl renewul notices. In the event of loss,Borrower shull give promp�nodce to�he insurunce carrier and l.encler.
<br /> L,ender muy mukc proof of loss if not mudc promptly by Borrowcr.
<br /> Unless L.endcr and 8orrowcr otherwisc ugra in writing,Insurance procecds shall bc uppliai to restoretion or repair nf the
<br /> Propeny damaged,if the restoration ar rcpair is uonomicully feaslble and I..ender's eecuri�y is not Icssened.If the restoration or
<br /> repair is not economically feasible or L.ender's securlry would be Iessenecl, the insurnnce procads shall be upplieci to the sums
<br /> secural by this Security Instrument, whether or n�t thcn duc, with any excess paid to Borrowcr. IF Borcower ubandons the
<br /> Property, or does not answcr within 30 dnys n notice from Lendcr that thc insurancc carcier has offerai ta settic a claim, then
<br /> Len�er may callect thc insurance proceais. L.ender may use the prc�cads to repair or restnre the Property or to pay suitts
<br /> secured by this Security Instrument, whethcr or not then due.The 30-day period will begin when the notice is given.
<br /> Unless L.ender and Borrower otherwise agra in writing, any application of proaals to principAl shall not extend or
<br /> postpone the due date of the monthly payments referral to in paragraphs I a►xi 2 or changc thc amount of the paymcnts. If
<br /> undcr paragraph 21 the Property is acquired by L.tndec, Borrower's right to any insurena policies and proceeds resulting from
<br /> damage to thc Property prior to the acquisition shall pass to Lcndcr to the cxtent of thc sunts sccurcd by tliis Security Instrument
<br /> immaliately prior�o the acquisition.
<br /> 6.(?ccup�ncy,Preservatlon,Mqintenance and Protectlon of the Property; Borrawer's Loan Applkoallon;Lea.scholds.
<br /> Borrower shall occupy,establish,and use the Property as Borrower's principal residcnce within sixty days�Rer the execuslon of
<br /> this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> extenuating circumstaixes exist which are beyond Borrower's control. Aorrower shall �ot Aestroy, dunage or impaic the
<br /> Property, allow tha Property to detcriorat�, or cnmmit waste on the Property. Bonower shall be in defeult if any forfeiture
<br /> action or proceoding, whether civil or criminal, is begun that in l.tnder's good faith judgment could result in forfeiture of the
<br /> Praperty or otherwise materially impair tl�e licn created by this Security Instrument or i.ender's security intertst,Borrower may
<br /> cure such a default and reinstate,•rs provided in paragraph 18,by causing the action or prceeeding to be dismissed with a ruling
<br /> that, in L.ender's good faith dctermination, precludes forfeiture of the Borrowcr's interest in the Aropen�� or other materiel
<br /> impairnunt of the lien creatod by this Security Instrument or Lender's security interost. Borrower shall elsa be in defeult if
<br /> Bonower.during the loan application process,gave materially false or inaccurate information or statements to i.ender(or failod
<br /> to provide Lender with any material infarmation)in connxtion with the loan cvidencbci by the Note. including,but not limitod
<br /> to, representations wnceming Borrower's occupancy of the Property as a principal residcnce. If this Security Instrument is on a
<br /> lessehold, Bonower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Pmperty. the
<br /> leasehold and the fa title shall not merge unless Lender agrees to the merger in writing.
<br /> 7.Proteetion o[Lender's Rlghts in the Property.If Borrower fails to perform the covenents and agreements contained in
<br /> tl�is Securiry Instrument, or there is a legal prceealing that may significantly affect L.endar's rights in the Property(such es st
<br /> procading in bankruptcy. probate, for condemnation or forfeiture or to cnforce laws or regulations),then I..ender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Ltnder's actions may
<br /> include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> reasonable attorneys' fees and entering on the Property to make repairs.Although Lender may take Action under this paragraph
<br /> 7, L,ender das not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall beco►ne additionel debt of Sorcower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other tcrms of pnyment,these amounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon notice from L.ender to Borrowcr rr,questing
<br /> payment.
<br /> 8.MortgAge insurance. If Lender required morr.gage insurance as a condition of Rialcing the loan secured by this Secudty
<br /> Instrument, Borrower shatl pay the premiums requirod to maintain the mortgage insurance in effect. If,for any reason, the
<br />- mortgage insurancc coverage required by L,ender lapscs or ceasos to be in effxt, Barrower shall pay the premiums requirod to
<br />_ obtain coverage substantially equivalent to the mortgage insurance previously in effxt. at a cost oubstantially equivalent to the
<br />; cost to Bonower of the mortgage insurance prcviously in effect. from an altemate mortgage insurer approved by L.eixier, If
<br /> substantially equivalent moRgage insurance coverage is not available. Borrower shall pay to Lender exh month a sum equal to
<br />' one-twe[Rh of!he yearly mortgage insurunce premium being paid hy Borrower when the insurance coverage lap�ed or c;eased to
<br />` be xn effect.L.ender will accept, use and retain these payments os a loss reserve in lieu of mortgage insurana. L.oss reserve
<br /> Fam 3028 9190
<br /> ray�3 oe e
<br /> -=�31!�7i�'����'��'m�c.a:,---
<br /> M�---_._`. _=art;.RC/T.:�lT�1.`7.i5�l7i!/�a:=�—�--
<br /> :aia'-t3y:.?in_..rwr.�v.tv�efnt�r'�s.�r�e�nv. '"'��ieiea•`"'= � ___
<br /> -- �WfP'ft�' S}yiL�j� -.a.`5"':�ry�icn!.+._.x�'�:�W��-,o...��..�.
<br /> - __?�Y���`�?U!��!i�S���..71:�-..�.7G=:�2��'�:���—r..���.��__�_
<br /> - - ..tVi�.'��_1f.��!.Jt�M`-.'..L6S��«�--- —__'___'
<br /> _��t_ �rl� t �4,�� I F'Sl�1lS��YUOr fn ..�� ` . �_. :. -- —
<br /> " -T� � `y/< -FK471 v Yi .. - __— —_ � . . . . _ —
<br /> r+!i"E.'�7'i��e1 F`rJ �j �a'�'� �1 .�.�i�6 ��1R`�f[�_�iC` '°a:.- ---------— --
<br /> .t--�A77�+�1�Ji»Ji�.»,..r.,� .rr v[�Yyt�ii�1.l�1�'�' � ��i5d5d�y_C�:r����y�_� ..�
<br /> _�-an'"� . �' 'a .i _ . •� �?i-. i vt�. . ..-�x+.F.�?;T�?_�?�2Rl1s _ - _ _- .�._�__—
<br /> �"�r'V,1;i.i�, � '' . • rr9 ^rcl`.�ir'.�pQ�bS�iJ���. Y9 �SY - ` — . -- —
<br /> zC� LY y! �'. _}� �
<br /> � y�.:�: , f:.tf. ' � 1- !!��'�P=��L,��. 1� Y
<br /> -r��i.l� � `'i -. • 4, . � ��U`y � .:�d� S��F� Y :�� <���
<br /> `.�.Y ..; . . _ ,.t��:,..-���`.,�'L�.s t4:..r� a. =-�
<br /> ~` -� �p .,�{ ,:��x .:i�ti ii��,y�� � .
<br /> ,t- . .. . .i . , ' Y, . � ( :~,y;it . ,�rrN�----- - —
<br />._—_ _ ' - ' " _ � .'. • .,•`w!,i.l`',�i? ,'.'r �q' "�,"Sr x,..i�--
<br /> _ . . . � . � -. .'�! . �� . ;t.! 'r��'b!' �°t .�y�S i�cf;3�r1,.Zy-s3,•.eir.�
<br />-.-�. .. . . .•.� .. .. �. , . �_ . . tyL' ,e+ 't+� _ ...._. .�;iS. T' 3G�f � ---..
<br /> , ,'. Y �� }4 .S� .�_�—
<br /> .
<br /> , . w
<br /> . .�. .. . . ..,el ' . . -- --
<br /> . ... • ....---'-- - - . , ..._ .� _b_._�_ _ _ ,..t.c�.._�...�r � . _.....i --
<br />
|