|
.. .•a
<br />-- -..,
<br /> S. Hwrd ot Pbopenly I�au�aaoe. Bormwer�!I Iceep tbe impnm�cmenq now�iNng�ti�et+a7fer�etectad on tLe
<br /> PropenY imurod ap�inst lo�s by Ber� hiw�d�inoludod within tha tcrm "eaanded oovera�e" �nd�uy aliKr hnatd�.inciuding
<br /> floodo or Aaadin�.for which Lendc�roquira inwnnx.'it�i�inw�anoo du�ll be rtwii�qained in tha anauus ud for the perlods
<br /> thM I.a�der requira.The inwrsn�s wrria pn►vidinj the inwriuwx�11 be cho�en by Borrower abjxt to L,ender'�approv�l
<br /> which rfWl not be unrauon�bly withheld. If[iorrower f�ils to mwiMain oovera�c descdbed �bove. Isader m�y� at Lender'�
<br /> aqion,obtYin wve�e toprotxt l.ender'�riQhts in�he Property in�coord�nce wlth pua�raph 7. '
<br /> All in�urAncx policies �nd rcnewds cfwll be acccptable to Lender and slwll include a stondard murtgoge cl�use. Lender
<br /> th�ll luwe the dght w hold the policia and rrnewd�.lf Lendar rcquirca.Borrower�shall prompllY Bive lo I.a�der dt teoelp�s of
<br /> p�id premlums end rcnew�l ra►ticea. In�ho event of loeR. 8orrower shall give prompt notica to the Irowanoe atrrier and[.ader.
<br /> l.rnder n�y m�ke proof of lou iP not made prompily by Borrower.
<br /> U�leu Lendcr nnd Bacruwer atherwi�o�greo in writing,insunnx proceeda sFwll be applied to raswratlon or rcpair of thc
<br /> Pmperty E�m�ged.iP the rcstorotion or r+epoir is ecanart�ically feruible iud l.ender'a socu�ity i�not lessenod. If tho restoration or
<br /> rep�i�is not economlcally fexsiblo or Lender's secuciry would be fessened, the insu�nce procads�hall ba applied w the surns
<br /> Kcurod by thia Secur�ty Insbument. whether or not tt�en due, with any eaass paid to Bormwer. If Bormwer abandons tbe
<br /> -g Property.or does not answer withirt 30 days a notice from 1.�;�wi+:r that the insurance carrier has offued ta ceule a claim,then
<br /> L�ier may oolleet the insunnco proceeds. Lender may use the praeee�ds ro repair or restore the Pm�pelty or to pay sumg
<br /> �ocund by this Security I�ment.whether or not thcn due.Tha 30-day period will begin when the ndi�e is givee.
<br /> Unless L.ender and Borrower otherwise stgroe in w�ting, tuty appiication of ptnceeds to principal shall not extead or
<br /> postpone tlw duo date of�hc monthiy paymcnts rciemad to in paragro�phs 1 and 2 or change�hc a�r�aunt of the payments. If
<br /> under p�rrph 2l the Property is acquirod by[.er�der, Borrower's right to any insurance policies wd ptacoeda resuldng from
<br /> dm�agc to tGe Propeny pdor to the aoquisition sFu�lf pass w Lender w the oxta�t of the w�ms ucuned by ibis Security Instrument
<br /> -- -�- - - imtnodiatcly prior to tha acquisition.
<br /> 6.Occupancy,P�servatba,[►fainta�anoe aad Protection ot the Ihvperty;Bornuwer's I.oan ApplkmNon;I.ease6olds.
<br /> Bomower shall occupy.es�abUsh,And use the Property as Borrower's ptincipal rcsidenoe within sixty days aRer dic extcWion of
<br /> �his Socurity Instrument ancl ahall rnntinue to occupy the Prope�ty es Bornower's principal rcsidence for at least one yeu after ,
<br /> Ihe datc af axupancy. unless Lcnder othenvise agrces in writing. which mrisent shall not be unreasombly withheld.or unless
<br /> eatenueting circumslanoes exist which are 6cyond Borrower'a rnntrol. Barrower sfwll not destroy,damage or impa�r the _
<br /> - T Property. allow the 1'roperty to detoriorate. or eommit waste on the Property. Borrower siwil �in �iciaui[ if any imfcitu�c �
<br /> oction or pruceeding, whdher civil or criminal. is begun that in L.ender's good faith judgrr►rnt could result in forfeiture of the
<br /> Propeny ar otherwise materi�lly impair the lien created by this Secu�ity Inst�ument or I.ender's security lnterest.Bormwer may
<br /> cure such u default and reinstate.as provided in paragnph 18,by causing the action or proceoding to be dismissed with a ruling
<br /> _ that, in Lender's goad fafth determinetion, precludes forfeiture of the Borrower's interest in the Property or other materiol
<br /> Imgaim�ent of thc lien csrated by ttsis Secusily lr�ts�ment u�!.ender's sccwity�interrst. BorcoiYa s!u!! also be in s�fault If
<br /> =_--- Borrower,du�ing tha loan applicWion pracess,gave materiAlly fulse or inaccurate infom�ation or slatements to Lendar(or failed
<br /> J°"°�""'� to provide I.ender with any rn�terlal inforniution)in rnnnectidn with the loao evidenced by the Nae,including,but noi limitod
<br /> --��� to,e epresentations wnceming Borrower's occupancy oP thB Property es a prirrc�pal residence. If this Security Instrument is on a
<br /> W="G� leasehold, Barrower shall comply with all Ihe provisions of the lease. If Borrower acquires fce tiUc to the Property. the
<br />���:u=.� leasehold and the fee title shull not merge unless Lcnder agrees to the merger in writing.
<br />_�,;;�s� 7.Protectbn of Lender's W�;his in the R+ope�ty. If Borcawer fails ta perform the covenants und agreements rnntriinod in
<br /> r,� this Socurity Inslrument,or therc is a legal procceding that m�y significuntly nffect l,ender's dghts in Ihe Pr+operty �such as a
<br /> .;,�,� pmceoding in bunkruptcy,probute, for condemna�inn or forfeiture or lo enfurce laws or regulations). then I.ender may do and
<br /> — pay for whutever is necessary to pmtect the value of�he Propeny and l.ender's rights in Uie Propeny. l.ender's actions may
<br />- '`�'=:��-`"'.�� fnclude poying any sums secured by p lieo which has priority over tf�is Security I�stniment, appearing in court, paying
<br />-_-ss:-.d.�a
<br />«;� reuonuble attomeys'fees and entering on the PropeRy tu make repairs. Although L.cnder may lake action under this puragraph
<br /> 7,Lender does not huve�o do so.
<br /> -;«� Any amounts disbur.sed by Ixnder under this paroFr�ph 7 shall t�erome udJitiorwl debt of Ei�ttrower secured by this -
<br /> -`=�Y';�'; Secutity In.4trument.Uniess &►rn+wer und l.eoder agree lo other lerm.of payment, the�omiwntc ahull bcar interest f'mm thc __.
<br /> ��`"t;.' date oi disbunsement at �be Note ra[c and shall be payable, wilh interest, upon notice from Lender to Bonower requesting
<br />- �"`-��. • paYrncnt.
<br /> , 8. Mort�pge Iawrnnce.If l.ender requi�ecl monguge insur,�nre u�u randition of making Ihe loan secured by this Security
<br /> _ -� Instrument, Borrawer shall pay the prcmiums required to muintain the mortguge inxurancr in effect.If, far any reason, the —
<br />:�"'a•�-�'.�~ mortgage insurance coveraFe required by Lender lap�es or rca,e�tu be in effect,&►rrow•er shull pay the premiums required to `—
<br /> �. . ,..�.
<br /> ;�;?�,• aMain rnverege substantiWly equivalen� to the mortgoge insurance previously in effc�ct, at a cost tiub,tantiully equivalent to the
<br /> -° " rnst ta Borrower of the mortguge in�u�nce previoucly in effec�, fn�m un altcrnate mongau�insurcr app�ved by l.ender. If
<br /> --- +;�� substantially equivalent mnrtgage insurance covcr�gc ir not availvble, &�rmwer shall pay�o l.ender euch munth a sum equul to _
<br /> ,,,"" one-twelflh of thc yearly mongoge in,urance premium being paiJ by&irrower wlkn thr inwrancc coverage lap�i or ces+sed to
<br /> �.�; be in effect. I.ender will uccept, uX sind retain thr>e payn�entx ac a luti. reserve in lieu ol' munguge insurunce. Loss reserve
<br /> ,,; . . �, Fam 3028 9190 C�.
<br /> - Paqo 3�8 . --
<br /> _ ^ �_.
<br /> � �r. .... . .,nw�it'..4'........ . .. • � - . .—r.,�.T.'�.�i� s t ;r.7.�t .�+. ...�.rcV�_..�y��. _
<br /> — �i....r.a . • � . � . ' r ' ��;�.... - . � ..
<br /> ,/. r1..- ' . `_ ,:,I�1 .•1' . . ... ''S� . . . . .
<br /> :.f' ' � � ' ..1' �..'t. � •
<br /> ...'�L....t_�_..1u'i:.s,l:w''1�-��� . . . . - . . . - ,
<br /> �' ` . .. _ _- _ — — _'__ __ _
<br /> .� _ .._ _._ __
<br /> .�.-��- " __ . -___ . _.'__ __- . __.. _ ._. .__—"»� _ _:- - _ -__' _-__-_— - �_ � - T_-_ .—..'— _. ._._. . - __'_._ ._ _ ._ .
<br /> _ __ _ _ __ _ __ � '_ " � '_
<br /> "'., . - _ ' _'__
<br /> .��_ „ '� � . . . . . .
<br /> �---'.li� "_ ... � ., � . a� ' . .
<br />-__°'1'`•'l��Yt��:�•-•. .. . .. .. + .. • .. .. � . . - .. . .. ,
<br /> ?��i � . . .. -
<br />._ � wT� . ., • ' - , ,
<br />'__`i__'.':Ji:a .a��. .. . � .. " �\ . .
<br /> :*`' y,�� �5.. ' . � -� . . . . . . , .. - .�
<br />-._-^'i.yl.�,u'__ .... .. . � . , . ' .....1. . .
<br />._—.._:�lr_�Y�� . . _ ' . • �' . _ . ' . _ . . . . -
<br /> _ --y`5�a' . , � , 6 . . � . ..� - �. " .. ' . ,
<br /> _.�.�w� . .. . •,�.•t• ; - .
<br /> �4:� ;j. " ., ' . �.'.4f'�'?' . . ,_ .... •
<br />-.7: �'Y'`�'' . . . � .. .
<br /> e y�. .
<br /> : .
<br />
|