|
. __ � ' Y — .__ .. . _. •
<br /> �, .'-��i� . . _ .._.T_--_ _ .___.__-- .... .... -_... ...—.--_ _. _.
<br /> --,-��_ �3.
<br /> S. R�uo�rd K Peop�rt' ia�un�oc• Bomower �II keep �he i�np�+cvanent� now euiWna ot�4�'f�laad on tbe
<br /> propenY lnwrod aOatrW lau by A�n,tiazwda Included within�he term "extenclad cover�e' acd any dhcr hwcdi. lrcludln�
<br /> tbodr w Aoodln�.far which t.eridu roqulra iruurmeo.Thfc in�uranoo eiall ba mdrualnod in the amouna an�! ta the perioda
<br /> diM l.ender raryfra. The i�uunr�oa cu�le�pmvlding�he inwt�nve eh�tl�q�+ch�en by B�rtower wbjeet to Ld�der's�ppruva!
<br /> whkh dwll not be wir�wambly withhold.IP BoROwer fdla to m�fntain�cxrYarA�e de�cdbod �iwve�L�endar m�y�At l.eidu's
<br /> option.obldn ooven�a w prc�tect I..aider'�ri�htr in the Propany In,nGoaMiqicto with�rsph 7.
<br /> All lnwrmce policie�a�nd rcnnwd� ahdl 6e ac�eptpblo tq.l.enderc�1d��h�ll include a�umd�rd monp,�y�e cl�uao.L.cnder
<br /> �all havo the d�ht ta hold the policla�nd reoewW�. iP LonQqr roqqiros.&►rrower�hal)promplly�ive to Lender all rex�pt�of
<br /> _ .r�_._.—_ �d�������.In the evene of lo►s.B��rruwer shwll�givq prwnpt rotice w the ineur�nce ciuriur ond I.ender.
<br /> La�de�atiy m�ke proaf,of�loas if not made promptly by&►rrower.
<br /> Unlas Lende�and Borrower c�thcrwiso aan.o in wrUing. inFUatnpo p�q�aods ah�ll bo appUal to rcxWrAtion or repir oPlloe
<br /> Property dam�ed.if the restoratbn or r+ep�fr ir a�ax►miaAlly fu�iMla and I.endm'�'.s socurity is not lessened. If the rcatauinn or
<br /> _ re�pair is nat eoonomic�lly fessibla ar Lendar's security would ba lassannd, �ha iq�rt�nvo prnceod��Fwll be Applkd to iha wms
<br /> . � �ocurod by thia Socurity Instrument.wl�athar ar:nnt,than dua,with any exc�ocs p�id•to Bc►mawer. !f Bornawer�b�aidor��he
<br /> Pnaperty.or does not wnswar within 3Q dEtyc a nmiae from Lrendar du�t�tl�t inFU�u►aa csurier h�offered w seWe a claim. then
<br /> Lu�der may collect [he insurance procade, Lender may uxa �hu procoada W rappin oc nestore the Property or to pry ama
<br /> iocurod by this Security Instrument.whathar on nat than dua.7'he 3(Fday pariad will�begin.when the notice is given.
<br /> Unless Leoder And Bonrowor Wharwiea agrco in.wdtittg, Any App�ivadon•of�pmoceda to prircipal stwll rot extend or
<br /> postpm►e the due dnte of the manthly paymenis rcferred W jn psu:+graplu+ 1 and 2 oc change thc amoant of thc payments.If
<br /> wider paragraph 21 the Proparty is acquired by L�mdar.Borrawc�'s rlght to any inFU�anac pollcies an�t pro�:oods resuldag from
<br /> du�ge to the Propnty prlor to the acquieitbn�hall pasc to Le�r w the eatant�o6th�sum�savrioJ by lhla Secudty in�umail
<br /> immadiately prior to thc Acquisition.
<br />� b.�Occupwcy,PreservaWi4 Matntenaace ond Protectba ot Ute N+opieK�i Borrow,�r's Lopn Appik�tion;Lescel�olds.
<br /> Borrower shall occupy,esinblish,and usc thc Pnoperty as Bomower's pr�ncipal residancR within sixty days aftcr tho eaavtion of
<br />- this Security Insavment and shall coiNlnue to accupy the PropeAy as Sormwar's prinalpal residencx for at leasc vne yair afler
<br /> _ _ -- ___ the date of occupA�y.unlsss l.ender otharwise agrees in writing. whiah cone�ant ahull not be unrcasortably wi�hheld. a utdess
<br /> - eatenuoting circumWmcea ealst which are bayond Bornower's cantrol. Burrower shall rwt destmy� dwnage or impair Ihe
<br /> - Prope�ty, allow the Properiy ta deterbr�te, or canmit wosttis on tha Pno�ehy. Bornowe� shall bc in,defeult if any forfeituro
<br /> action or procceding. wheth�r civil or criminol. is begun thnt in Lendsr's gaad fuith judgmant�could nesuh in forfeiture of�he
<br /> - Propeny or dderwise metedally impair the lion created by this Securiry InFtrumant or Lender's security inlerest. Borrower may
<br />�- cure such a defuuli wti3 reinstate,as provkled in paragr�ph 1$. by ceueing U�a eaian,or proceedin$to be dicmissed with�ruling
<br /> _ that. in i.endar's good faith determination, pneclades forPaiture of tha Bw+rower'� intercst in tha Pivperty or other matedal
<br /> � impainment of the lien crrated by this Security Instrument c*r lxnd�r's secuncy intamst. Hnrrower sn�ll elso be in default if
<br />__ Borrower,during the loan applicat6on process.gave materiai[y false or inaccurata infonmution or stntaments to Lender(a failed
<br /> to provide Lender with any mat�rial informatEa�)in cunn�ction with the luan•evidenced by the Nuta,irscluding, but natlimitod
<br /> '+ to. rcpresentaaans c�o�ceming Borrower's oecu�a+►cy of the Pro�eny as u princfpul reaidence.If thie Security Instrument is on a
<br /> ';`� leasehold, Bor:awer shall comply with all d� �rovisiont� oE ths laaec. If f3�t�rrower acquires fae d�le to the Proprny. �he
<br /> ; leasehold and the fce title shall n�t mergc unlcs.c I,ender agreeK to th�margcr in writing.
<br /> T.Protection ot Lcndor'�t�bt�in the Praperty,lf Bornowcr failH to�terForm the mvenanta w�d agrcements rnnt�ined in
<br /> thia Secudty[nstrument, or thare ix a Iegal praceeding lhul muy rignif+uanUy affect l.ender's rights in the Property (snch as a -
<br /> r proceoding in bankruptQy,probet�. fur conJetnnution or forfeiwna or W enfi�rce laws or regulatioru;�,et�Lender may do and
<br /> •••�,,�,j��, puy for whatever is nacessary to prolect tha vaiue of the Pmpeny and i.�ndar's rights in the Propeny.I.ender's actions may
<br /> "•l,�.::: include paying any sums sesun:d by a licn which has pric�rlty over tbiH Security Instcument, uppcaring in court,pAying --
<br /> �`• '^�� reasonable attnrneys' fces and encer6np on the Property to make repair�. Althuugh l.ender may lake action under this paragreph =
<br /> ' ��,;•'�`' 7,L,ender dues not have to do�cr. -_
<br /> ��� Any amounta diribursed bp l.endcsr undur thix paragraph 7 shull becume additi�mol debt of &�rrawer secured by �his -
<br />� 41,itJ:�» Security Instrument. Unless Burruwer and�Lemtar agrcc to othcr tenn�of paymcnt, thc.se amcwnts shall bear interest from the
<br /> ��� `;,f;�;�' dnte of disbursement at the Nutc rata and•shull�be payablu. with intaresc, upon notice from L.ender to Borrower requcsling
<br /> .+?�•,t��•:�" .-. PeYment.
<br /> `�%`.t{�:'.':��"�' 8. Mortgage Insurance. It'i.endcr requimd mnrtgugc inrumnre a,u r�mJition uf muking thc loan secured by thi,Security °
<br /> �:;����:r- •. . --
<br /> �:�,��'��-'• • Instrument, Horrower shall pay the premiumt;rcquired to muintuin thc mnrtguge insuruncc in effccl. If, f'or uny reucon. Ihe _
<br /> �� �^.�. __
<br /> ,,lt ��,�c,..,�,..�� mortgnge insurance rnverngc rcquired by l.endar lupres ur cc�xs tu bc in effert, Bunower shall puy thc premiums required to
<br /> =_ �-;"��;�:;=:i o b t a i n c av e r a g e s u b a t u n t i a l l y e q u iv al em to th a mun�u pe insurunre phviausl y in efPect, a1 a aist subsiuniiall y e yuivalent to the --
<br /> - � � • w�t to Burrower of the mongage insuranoe pruviausly in eftecL from un s�lt�rnatr mortg:�Fe inwrer appravai by L.ender. If =
<br />-��' .� �� �.�'�' � substnntially equivalent mongpge inxurrncc rnvenigc is not a�•ailuMle, Burrower�hull puy w lxnJcr each mnnth a sum equ�l to -
<br /> ' '��`.t`�'.` �•' � one-twelfth of the yearly mongage insurance premium being paid by &irrower when the inwrancc co�•erage Is�psect or cased to _
<br /> '��`�'��''�;.� - be in effect. Lender will accept,use und retuin iheu puymcnts u. u lu+r reserve in lieu M' mnngage i nsuranca Lus� re.erve '
<br />_ :,•
<br /> s�`.%���::•;','�• _ �p�: Form302Y 9180 =
<br /> ..f, .. -
<br /> - �, f�:�•, . • Pngs 3 0�8
<br /> •:4':�('�•'�'� ' ' v
<br /> �_�'',r�t`'��•, . -
<br /> �"�+:l��r � �... �e
<br /> t}..l �,�A..� . . �' �'. :..0 7d�ffN'l"l�►:�!fi.:7�T"t�i7�'ti;,+-n�: w . ,��n,�tia.�cwKr�eq,o,u�,�^.�rt"�,�t'�:.
<br /> x. .�.i�w�i,:x. ,� .r . :.{�j,y>>�. , . �. • . '
<br />�-_ .i�� r �� -�?G(s> ..��.. ' ;• . (., ' � � �, � � . ' .
<br /> •� ..aw� -� •'�� -�-�-� .��•---- �-- ._ .. _ _ ._.-�--- ._- -_- .-- _-__ - -=-'^r'.= .— -: — --_ -_- --'`-_..-. ---_ ---�--
<br /> r i ��
<br /> � .
<br /> � � .p� � . t..� , �" .
<br /> :t�c� ����MLt�1l.''t 1�'1�{� y� ,`�� ., , . . 1� .. ` . . „ .
<br /> �•:�' ��-r � . r5� -- � ,4
<br /> 1 ..�. -/ �
<br /> }J,'� * ���'.�� � ��r�� . � �. +: . .. _. •
<br /> _��t�n1i� • � ,�� ., ;,
<br /> wlr�n„wr.. IKf: _ . '!1' - S�-.
<br /> � t��sn�`�� , - „ ' , ,+.5 ��'a�, .� .. - � . ,
<br /> �y r
<br /> _ ��[ ♦ ^r`{�t � . , .. , ' - � . . ,. ' • �� ' . ' ' _
<br /> �:.1��6Ci1�.���S1i1�4..'y�1' .d . _ � . .. .��. . �•. - .. • '' '' . .
<br /> ����_..�_ ��L'yJfi 41i... . .. . . ' . ' ' . .1;d�L• '�1. -
<br /> . � .
<br /> -, w1'l-..�� � ' ..- .. - . . � .. - ' . ' . .
<br />.. �`� '.d'''''- .o.,_ � ' � + . 11 , � . ' • .,�.t'.�... . - .. . .,
<br /> .���iSaa.1,:�_ • . � .1 .r �• .- ' , t �,'��i� � _ .
<br /> �._�. • � .q. . �f�` .. � f..k. �N.'/P��'f� 1...
<br /> _ .'���.� ' " t• " `. . .... . .. .
<br /> -'.� � � � � ' o
<br /> ��V � ;� ` . . _ . . . _ ._ _.. . . . . .... . ..... ..- " ••�"_-_-__.. .____'_.-_-__
<br />
|