|
- -
<br /> _ --- - ------------:
<br /> ----
<br /> ___ _.__
<br /> - - 98- f1.3oB2
<br /> S. Hazard or Property Insurance. Borrower shall keep the improvements now cxisting on c�rG►ftcr crectcd on the
<br /> Property insurecl apaintt loss by fire, ha7.nrds included within the terni "extended coverage" and any other hazards, including
<br /> ticx>ds or floaiing, for which I.ender requires insurance. This insurance shall be muintaineci in tlie nmounts and for the perials
<br /> thut Ixnder requires. The insurance carrier. providing the insurance shall be chosen by Borrower subject to I.e�xler's approval
<br /> which shall not be unrea.�nably wi�hheld. If Rorrower fuils to maintain coverage described nbove, I..ender may, at Lender's
<br /> option,obtain coverage to protect[.ender's rights in the Property in ac�ordance with paragraph 7.
<br /> All insurance policies and renewals shull bc acceptable to I.endcr and shall includc a standnrd mortgnge cluuse. L,c�ndcr
<br /> shall have the right to h�ld the policies and renewals, Tf I..ender requires,Barrower shall promptly givc tc>Lender,dl reccipts of
<br /> paid premiums and renewal notices. in the event of loss, Dorrower shall give prompt notice to the insuranee carrier nnd L.ender. _
<br /> Lencier may makc proof of loss if not made promptly by Horrower.
<br /> Unless Lender and Borrower otherwiss agree in wriNng, insurance proceeds shall be applial to restoratian or repair of the
<br /> Property damaged,if the restoratlon or repair is ecanamically feasible and I.ender's security is not lessened. If the restoration or
<br /> repair is r►at economically feasible or Lender's security would be lessened,tlie insurance proceeds sl�all be applicd ta thc �ums
<br /> secured by this Security Instrument, whether or not then duc, with any excess paid to Borrower. If Borrower ubundons the
<br /> Property, or dces nat anxwer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then
<br /> C,ender may callect the insuranee procee:ds. Lencier may use the praceeds to repair or restore the Property or to pay sums
<br /> ucured by this Security Instrument, whether or not then due. The 30-day period will begin when the noticc is given.
<br /> Unless Lendcr and Sorcower otherwisc agree in writing, any application of prceeeds to principal shall not extend or
<br /> postpone the due date of the monthly pay�nents referred to in paragraphs 1 and 2 or chango the amount of thc.paymcnts. If
<br /> under paragraph 21 the k'roperty is acquireci by L.ender, Bo�rower's right to any insurance�licies and proceeds resulting from
<br /> damage to the Property prior to the acqui�ition shaU pass to C.ender to the extcnt of the sums secured by this Security Instrument
<br /> imcnedlstely prior to the acquisition.
<br /> 6.Occupancy,Prccervption,MaintenAnce and Protectlon of the Property;Borrower's Loan AppUcAtlon; I,easeholds.
<br /> Borrower shall occupy,establish,nnd use the r`roperty as Borrower's principal residence within sixty days nfter the execution of
<br /> this Security Instrument and shall cantinue to occupy the Property as Borrower's principal residence fo�at leust one year after
<br /> the datG of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unlas
<br /> extenuating circumstances exist which are beyond F3orrower's control. Borrower shall not destray, demage oe impair the
<br /> Property, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> action or procading, whether civi! or criminal,is begun that in I.ender's good faith judgment could result in forfeituro of the
<br /> Property or otherwise mnterially impair the lien created by this Security instrument or Lender's security interest. Borrower nuy
<br /> cure such a default and reinstate,es provided in paragraph 18, by causing the nction�r proceeding to be dismis.sed with a ruling
<br /> that, in Lender's good faith determination, precludes forfeiture of the Aorrower's interest in the Property or other material
<br /> i�pairn:cr,t Of tti°v !SC^ CTL".S:C'.� f!j 5.�:1� CL'CSS2�� InstrS!l1�.^.! QS S:S2�.°.f�S ».^...^'»TSt;' lA�S:I.°,St. HOITO:'.'C!Sh«II �ISL� �!' IS! Ll��w����!f
<br /> Bonrowor,during the loan application process,gave materially false or inaccurate information or sG3tements to Lender(or failed
<br /> to provide L,ender with any material information)in connection with the loan evidenced by the Note,including,but not limitai
<br /> to, representations concerning Borcower's occupancy of the Property as a principal residence. If this Security Instrument is on a
<br /> leasehold, Borrower shaU comply with all the provisions of the lease. If Borrower acquires fec title to the Nroperty, the
<br /> Irasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7.Protection ot Lender's Rlghtq in the Praperty. If E3orrower fails to perform the covenants and agreements contained in
<br /> this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the PropcKy (such as a
<br /> proceaiing in bankruptcy, probate, for condemnation or forfciture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Propetty and Lender's ri�hts in the Property. L,ender's actions may
<br /> include paying any sums secuted by a lien which has priority over this Security Instrument, appearing in court, paying
<br /> reasonable attorneys' fees und entering on the Property to make repairs. Although Lender nzay tnkc action under this paragraph
<br /> 7, L.ender does not havc to do so.
<br /> Any amounts disbursal by L.ender under tl�is paragraph 7 shall become additional debt of Aorrower secured by this
<br /> Security Instrument. Unless Barrower and L.cnder ugree to other terms of payment, these amounts shall bear intercst frorn the
<br /> date of disburscment at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting
<br /> payment.
<br /> S. Mortgage Insurance. If L,ender required mortga�e insurance as a condition of making the loan socured by this Security
<br /> Instrumcnt, Bc�rrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the �
<br /> mortgage insurance coveruge required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums reyuired ro
<br /> obtuin coverage substantially equivalent to tlie mortgage insurancc previously in effect,at a cost substantially equivalent to the
<br /> cost to Borrower of the mortgage insurance previously in effect, from an ultemate mortgage insurer approved by Lender. If
<br /> substantially equivalent mortgage insurance coverage is nol available,Borrower shal l pay to Lender each month u sum a�ual to
<br /> one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insuranca coverage lapsed or ceased to
<br /> be in effect. [.ender will accept,use�nd retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Form 3028 9189
<br /> Paqs 3 of 0
<br /> , _ _ •-.._ ._ - T r_im7r .n.r-.v _— _ — -
<br /> � �- �. .. . _ : . _'. . - . � �ti-�.� - — _ .
<br /> . a t . T��'�'1;,� a,h_.a.�-��_. —
<br /> . . � � _'�1� sq��<<-�,� --'--"
<br /> - -- -- ��--� ..�--- --.:_ .;.-� . ----._ ..-_ ,_,' z .1� .r .� �.r�r � s ���x � c- . .
<br /> 4 � _ .'�� „ "` �� y- --
<br /> r: . . . ., . JF ' .. '. . e M?w`i'`�r. �� � I � t(�"�.i-::�F.Z��.�.r��_zR_-. -R .
<br />.i�y� �� . .. _. , ., . .. :+�.� ��r: ;i:rS-= i;7r T �. ���ii s'� _�
<br /> ,�( :�L:��C�t.a ,�l.:,r. • . .+ '
<br /> j . .. � . �� .. �• .�i' Ya .••.11r J S=-�r .^�� -_ _
<br /> .. . � . . . .. ;rt.'.. �_ -;,�,i:.�..:�t.�� - .,+ t t 1}c�i'1/�,s.ric�e. __
<br /> �{ ., , : � •.�i'n.F• y .. .. , r�adl'�A�'xil°��. —
<br /> .' � 1�� .�� c. �I_�•Y �evbi.M2ar1,r __ __
<br /> • c 1`,Z�tt`')y����Fy ..t� _ �C,c -
<br /> ,
<br /> . .: � / t� --
<br /> , � . . :! . . �,C�if. T��. �.µ.�`It1 rr +. C76TS7tT�,.,'
<br />. ' . . ' � ,.•e.'�.s.�+;'� � �� 1, t: '`.-;,'S1lt_�_.��w�:u�w..:
<br /> .. . .. '� . ., . .. �„a�� f ...lj ; .�j�y.�� •^'----�.—
<br /> „c�` f z+
<br /> . ' . ".•.�k„��,�•;�,4�,, �L��, ��'�'s•.,,,,-�__�-
<br /> .,,�,�.�.=
<br /> . . �, . ' rr �S' F�'l�'�' na.,._
<br /> 3�:a:�,:i�c;a�.uw
<br /> � � . �. �� �-- . 1 . k;?�'ti!!��4�p��se
<br /> � , � . ` ,f,�y ;'L�.'�
<br /> '. .��.�• ,�,''�,.�YS�'.F�rw°
<br /> � . .. � - � .�•h � y` 1��f�'�1''.. �,r�l.a. 4.
<br /> �f.:. .•;:'�1`'.`1, }?` :t.�`
<br /> � ` . , .� -- -- .- _- �.,' +`'xr '-�� .w'�`�7SP'_.
<br /> ..': :
<br /> • ,� -- •. _
<br /> . .• f' 4 .c.:�71�'
<br /> . . ..
<br /> , r.
<br />
|