|
- ,� Y � .
<br /> __- . ,° --��„1r -- ---- --- --- -
<br /> ! z�r�
<br /> s. H�ed or rroperty raior.ace. Eorn�wa shsl� kap Ihe +mptuvar�eauu eow o «6eaeatter on the
<br /> Prope�ty inwrod a�itat la+s by tlro.harands lncluded within tho tum"e�cta�ded oovuq�e'and any other lu:a�+da.fncludir�
<br /> tioads or lluodin�. for which[.crrk�r�equires inwrmoc.Thi�inwr�noe rtall be nulnWnad in�he amounu and for tGe perlodi
<br /> th�t L�axler roqui�.The insurnr�ce cairrier provWinQ tbe inwrru�co sh�ll be cho�cn by Bonowu wbject to I.aKkr'�appnovd
<br /> which�hall�wt be unreawnwbly withheld.If Homower fdb to rtulnWn rnverage described sbove.Lender nray. �t l.ender'�
<br /> apion,obWn oover�ge to ptotect l.etder'�ri�hb in Ihc Propeny in acxonlu�ce with p�graph 7.
<br /> All iniurxnoe po�icies and rerKrw�la eh�ll be accepuble to Lender and ahall include�stendgrd mortgage claua. Lender
<br /> � clwil t�ve tha right to hold tho pollcies and renewalr.[f Ltrder nequircs.Borrowet�dwll PtomptlY Qive to Lerdec W rooeipta of
<br /> p�id pmmiums and�enewd natba.Tn the event of locs.Bormwer:hall givo prompt notioe to the inwmnca carria and L�ender.
<br /> ' l.aidar mpy make praof of losa if not mwde promptly by Borrower.
<br /> Unlccs Ixdler�nd Borrower othmwlse ayroe in wtiting,insuranoe pmooeds ahall be appliad to rcatoratlon or rcQ�ir of ttie
<br /> Prope�ty demqged.if the testoration or repair i:ecoromically foaslble and Lender's sxvdty ia not lesscnod.If 1he rcswration or
<br /> —_ �r.�►ri� {s nut cxxnqmic�liy Feasible or i.ender's aecunty wouid 6e lessened.the ftucutance procetds �iwll bo appliod W the wnu
<br /> ---- savred by thie Socudty lnstn�ment. whe�r or nat then dnc. with any excesc paid to Borrower. If Bom�wer absndons the
<br /> Property. ordoes not answor within 30 dayc a natieo from I.ender that the i�urance curier has offaed to settle A cWm.thea
<br /> i.ender may collect the insurance proco�ds. Len�ier rrwy use the pr�a�eds to rcpair or rostaro the Property or to pay wm4
<br />-- ceeurod by this 3ecu�ity Inarument,wtiether or not lhen due.The 30-day period will begin whea 1he notjce is given.
<br /> UNess L,ender and Borrower otderwise agnee in writing. any applicwtion of prooeeds to prinefpal shall nat eatc�nd or
<br /> pos�pono the due datc of the monthly payments rcfarred to in puagrapha I oM 2 or change ttrc anaunt of the payments. If
<br /> ,,.; under parogrnph 2!�tho Pmperty ie acqui�l by Lender�Bormwer's dght to any insurance policies and proceodc raulting from
<br /> _ 10��� danwge w the Property prior to thc aoquisitlon chall pass to Lender to the ea�ent of the sums secured by this Security In9trun�ent
<br />`.�' �;; immedietely prior to the acquieition.
<br /> _ �.d, ;c 6.Oocupa��xy,Presewatioa,Malatenonce and Prrotection ot the P►+opert!';Bornower's La�n Applicadoa;l.easehofda.
<br /> � Borrower sMall oocupy,establish. and use the Property as Borrower's p�incipal residence within sixty days after the esecution of
<br /> �4 � this Security instmment and shall continue to uccupy the Property as Borrower's principal residence for at least one year after
<br /> ° ;�»;; the date of accupancy,unless Lender otherwise ag�ees in writing. which consent shall not 6e unressot�abiy wid�held.or unless
<br /> extenuating circumstanas exist which are beyond Bartawer's control. Narnuwer sh�ll not destroy, da�nage or imp�ir the
<br /> �• ,` ' Prope�ty. allow the Property to deter�orate,or commit waste on the Property. Borrawer shall be In de(ault If any forfcilure
<br /> � � action or proceeding,whether civil or criminal,is begun that in Lender's good faith judgment could rosult in forfeilure of the
<br /> ;,�:�; � `�* • i Property or otherwlse materially impair the lien creAted by this Security Instrument or Lender's securiry interest,Borrpwer may
<br /> " I cure such a default and reinstate,as provided in puragraph 1 a,by cuusing the action or praceeding to be dismisseti with u ruling
<br /> - --- —�:�--�� thAt, in Lender's gaod•failh determination, precludes forfeitu� of ihe Barrower's interest in tha Praperty or other mater�al
<br /> • '>*'��'�,��`�>'.����.,^. impairment of tha lien created by this Security Inst�ument or L.ender's securlty inter�est. Borrnwer shull also be in default if
<br /> _ ,...,;••:..v';
<br /> :•�w:��„•.• .y�,.,�. � Bo�rower,during the loan applicatio� rocess. ave materiall falre a�inaccurate infom�ation or statements to I.ender(or failod
<br /> �.....r�. �:. . P S Y
<br /> ° ��. :;� ��• � � to provide l.ender wilh any material infornietion)in connection with the loan evidenced by the Note.including,but not limited
<br /> `''tr;`;''•'.:• '�.'��^• to re nesentetions cancernin Borrower's aecu an af the P
<br />_ ;�;;4�k•:,. . • P B p cy ropany as u principal residence.!f this Security Instrument is on a
<br /> _ ,��" �•�,� - leasehold. Borrower shall comply with all the provisions of the lease. If Borrower acquires fee dde to the Property, the
<br /> ,�.:;,�,��
<br /> +;. . " leasehdd and the fee title shall not merge unless Lcnder agnees to the merger in writing.
<br /> , .. � ' . 7.Protection ot Lender's Wghte In the Propwly.If Borrower fail�to perform the covenants and agretments rnmained in
<br /> ,..;:��- ,x� this 5ecurity lostn�ment. or there is a legal praceeding that mny significanNy affect Lender's rights in the Property(such as a —
<br />- '���''�'•;, •=�'�-�+*��� prooeeding in bankruptcy,probute,for condemnucion or forfeiwre or to eniarce laws or regulations),then Lender may do and
<br /> �;:,� ', pay for whatever is necessary to protec� the value of the Property and Lender's rights in the Propeny. Lender's actions may
<br />, , ""°' include paying eny sums secured by a lien which has priority over this Secur�ty Instrument, appearing in coun, payfng
<br />- ' , _ mawnable attorneys'foe�nnd entering on the Propeny to mstke repuirs. Although Lxnder may take action under this paragraph -
<br /> „ ,.H:,�,.�r'.,,,:,�':;..�y ., 7,Lender does not huve to do sc►.
<br /> - "?3-' Any amounts disbursed by Lender under thiti paregr�ph 7 shall become additional debt of Bormwer secured by this
<br /> ,-�., ,.
<br /> - Security Instrument. Unless BoROwer and I.ender Agree�u ather terms of payment,these amounts shall bear interest from the �
<br /> • date of disbursement at the Note mte and shall 6e payable, with interest. upon notice from Lender to Borrower requesting
<br /> .9.r. ,r, . �18y111CnL _..
<br /> •�� f 8.Mortgage In4urance. If lxnder required mongage insuau�re us a caidition of mal:ing tt�e loan secured by this Secucity —
<br /> , �.� �J L � Insttument. Borrower shall pay the premiums n:quirod ta maintain the mortgage insurance in effect. If, Por any reason, tt�e
<br /> -,.,� . ��:`�• " mongage insurance coverage reyuired by Lender lap.ces or ceases ta he in effec�, Borrower shall pay the premiums required to
<br /> -���� . . obtain coverage substantially equivalent to the nx�rtgage insurance previautily in effect, at a cost substantiolly eyui��alent to the —
<br />�� _ - � .•:��;;.;�;, cast to Barrower of the mortgage insurance previoutly in et'fect, t'rom an ultemute me�n€age inzurer appmvod by i.ender. If
<br />► ' ''' � , '•' • � substantially equivnlent mortgugc insurance coverage iti rH�t uvuils�l�le, Fi��rrower shall pay te� I.endcr cxh month a sum equal to —
<br />�"• d�`4( . onedwelfth of the eArl mon a e insurance remium bein� _
<br /> Y Y �B p � paid by&�rrowrr when the in�urunce coverage lapsed or ccased to
<br /> - �`' ' be in effect.I.ender will accept,uu:und retain thehe payments as u lotis reserve in lieu of mongage insurance. Loss reserve
<br />• r� � ��,. ���
<br />- ;. •�, ' fam 3028 9l90
<br />- � ., . Pp�3of8 , —
<br />_ ',i�' S , ' _ � =
<br />�yt'`:; �� •,' ' � ---- --. {
<br /> :�_.�,` . '.,.� � e . . . . .. . • - - �-- �- -- °- . - � - . . . _. " .- .�:m:a���i�.T�.�h�`t�i!r.�j;�';`;�,•�!�'' . � ..
<br /> � �.. ,
<br /> . .,,. .
<br /> � -. ^.�.�.',. .
<br /> . . ... �_
<br /> .
<br /> aitk �. .�� � � . . .
<br /> - - --°-° — _._. . - - - - - - -- -—
<br /> _ - — — --- --- -
<br /> - � --- — — — - —-- � _T-•-- . , - — ------ --*------- ---- • -
<br /> ;,�:
<br /> .,,�. ,.. s.. .... � ' , . . ,L:�.lf. .
<br /> _ {. �,3: �, ' . , . . , , � ' •�i,••
<br /> __ �� _ ,. ..., ° - ., „ "''' .
<br /> _ 3. . , .. �� . u • _ • . � - ..
<br /> -. j{� „ ..
<br /> —_�1 � • .le � , . .
<br /> �y. . , ' , '
<br /> . :���•. .� • ., . _ . � .. � �.;.�'. . . ,,.
<br />_ - ,�_ , .
<br /> "� ; � s
<br /> __ � �..._ _- - - -- --- — ----- — — —__ __ _
<br />
|