|
���1 _._ . '- �.1' ,l�iG:
<br /> .. ' ._ [ ' i. �'1_k4� _ .
<br /> � ,!� . . .. , i�:l '�P':1 r �1�fI..:"_ ' _—_...
<br /> . '�e` . I . __ ..A�i._
<br /> _��t�il�� �
<br /> ��� - - - _ ...�,�.r��:
<br /> .l.�,i . � • � j . .._ _ _ _i _- u._ .... . . . . ..'.._ =J._ - -_ _..
<br /> 11.
<br /> `�l��,��-__�_���:.� g�._ 1U6142 -
<br /> — ' • --- .�._ t...�.... ....a. ...... ..i�►iwo nr{wnN1Rl�f EfCCtld O� �1L'
<br /> � �. H� or rrvpe■zi �W�. uu��uw�� ��.ui �.w� ww �wp...:.�'...,«. ..,...• _.
<br /> �� prnpe�ty ituwrod aQaitwt loas by tirc.hazards includod within the term "extended covcrago" and Any athcr hazarda. includin�
<br /> � 800di or tlooding.for which Lender requfrea in�uraix:e. This insuraacc shall be maintuincd in the am�unls and for the periads
<br /> — �hnt L,ea�der r�equira. The insurance ca�er providing the insuronce siiall be chasen by Bonower subject to [.ender's approval
<br /> -__=- - which�twil rrot be unrr�„wf►iy wfihhcfd. tf Bor�meer fsils ta matntain r�vPrn�e darcribed above.I..onder nwy,ot L�eatder'�
<br /> .��� pp�jpp�obtain covetage to pn►t�x:t Le�xler's rights in the Ptape�ty in acenrdance with paragraph 7. `
<br /> All insurance policies and renewals ahell be a�xeptahle to Lender and shall include a stenda�d rm►tgage clauce. Lender
<br /> �hall have the dght to hold the policies aad renewals.If Lender requires,iiorrower shall prompUy glve to Lendcr all reccipta of -
<br /> peid pnemiums and r�newal notices•In the event of loss,Barrower shwll givc prompt notic;e to the inwran�x cnrcler ond L�t�er• �
<br /> —._�• Lender mey malca proof of loss if not made promptly by Borrower.
<br /> -=-�s,;.� Unlesa Lender and Borrower otherwise agrce in writing,insurence proceeds shall be applied to restorAtion or rcpair of the
<br /> pro ny damaged,if the restoration or repair is econamically fe,�sible and Lender's securiry is not lessened.If the rcstoration or
<br /> � �B���� repair is not economlcally feasible or i.ender's secu�fty would be lessened,the insurnnce proceeds shall be epplied to the sume
<br />, =—= sacured by this Serudty Instnrment. whether or not then due, with any excess paid to Borrower. if Borrower abandons the
<br />= ---`=`��:��.-- � Property, or does not anawer within 30 days a notice from I.ender that the insurance carrier has offered to settle a cleim,then
<br /> "°`,'"Y.� ' �,ender may collect the insurance proceeds• 1.ender may use the praceeds to repair or restore the Property or to pay sumc
<br /> - - ���,�r�, .� aecucod by thia Security Instcument, whether or not then due.The 30-day period will begin when the nodce is given.
<br /> _��.':��•� •'': Unless l.ender end Horcower otherwise agrce in wrfting. any application of proceeds to principel Rhell not extend ar
<br /> �'"�'_'�'�,���.: postpone the due date of the monthly payments refcrrcd to in paragraphs I and 2 or change the amount of the paymenta. If
<br /> �=���• '.';t_::�,s under paregraph 21 the Property is acquired by l.ender, Borcower's right to any inaurance policies and proceeds resulting from
<br /> __�:'°_�� " damAgc w the Properry prior to the acquiaition shall pass to I.cnder to the extent of the sums secured by this Security Instrumeat
<br /> - -� �"' imtnedintely pr�or to the acquisition. �
<br /> -"��`����� /. �'�'�"� 6.Oecupancy�Preservntion,Malntenwnce and Protectlon ot tbe Property;Borrower's I.oan Applicatbn;Leaselwlds.
<br />--_ � ,r�??�`�`' Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of
<br /> -_� �;f ... . ; , this Secudty Instrument and shall continue to occupy the Properry as Borrower's principal residence for at Ieast one year efter
<br /> Y?k��'�`•.`.�;�".?d�' the datc of occupancy, unless I.ender otherwisc agrees in writing,which consent shall not bc unreasonab�y withheld. or ualess
<br /> � ''`'`n"�'` extenuating circumstances exist which are beyand Borrower's control. Borrower shall not destroy, dnmaBe or impair t6e
<br /> '"�._� . , ,., .
<br /> �� � . Prope�ty, allow the Property to detedorete. or commit waste on thc Property. Horrower shall bc in default if any forfeiturc
<br /> �-�y�,��� � action or praceetUng,whether civil or criminal, is begun that in I.ender's good faith judgment could result in forfeiture of the
<br /> ;��..• :'�:a..���
<br /> ''}"� . �.,r . property or otheiwlse materially impuir the lien created by thic Securiry Instrument or C.ender's secudty interest. Borrower may
<br /> �-_���i� ��t �n;i. :^ b�..
<br /> 1� • .k,}. cure suc h a d e fau l t a n d r e i n s t a t e,a s p r o v i d e d i n p a r a g r a p h 1 8,b y c a u s i n g t h e a c t i o n o r p r a c e e d i n g to be dismissed with a ruling
<br /> �.`-`� "�. ' � that, in I.ender's goad fajth determination. precludes forfeitut+e of the Borrower's interest in the Property or other materlal
<br /> +��+:_---_ � 'f•�` �� ;�n�of the licn created by this Securiry Inatrument or L.ender's security interest. Borrower shall also be in default iF
<br />� ���'�� � Barrower,during the loan application pracess,gave materially false or inaccurate inforn�ation or statements to l.ender(or failed
<br /> • °T-�• ���� I to pmvide Lender with any material information)in connection with the lonn evidenced by the Note, including. but not limited
<br /> ,..;<; .,2. •"
<br /> ` ��t '�:°�' � ` to. representations conceming Borrower's occupancy of the Prapeny us a principal residence. if this Security Instrument is on a
<br />.'';s'�- Ieasehold, Borrower shall comply with ell ihe pravisions of thc leasc. If Borr�wer acquires fee tide to the Property, the -
<br /> :`;,�;': : . � Ieaschold and the fee title shnll not mcrge unless l.ender agrees to thc merger in writing.
<br /> �z.=4.,, •� �j 7.Proteetlon oP I.ender's Itighta in the Property.If Horrower fails to perform the cavenants und ogreements contained ln
<br />,�;;,�...,. thia Securfty instrument, or there is u Iegul praceecling that may significantly affect Lender's rights in the Property (such as a _
<br /> --`� 'x•' robate, for condemnation or forFeiture ar to enforce laws or regulations). then I.ender may do and
<br /> - "��� � proceeding in bankruptcy,p
<br />.��;;,;: ;��.: ° ' , .,, pay for whatever is necessery to protect tBe value of the Properry and Lender's rights in the Property. L.cnder's actions may
<br />'•�Y�.::t ° include paying any sums secured by a lien which has priority ovcr this Security Instrument. appearing in court, paying
<br />.''i:; . a'"�"'- reasonable anorneys'fees and entering on the Property to nwlce repuirs. Although l.endcr may ta�e action under this paragraph
<br /> ,'.��'.. .
<br /> - "":p'. • - 7, I.ender dces not have to do sa.
<br /> °�-''° - � Any amounts diabursed by Lcndcr undcr this paragraph 7 shall becomc additional debt of Borrower secured by this
<br /> ��;`' � .:;��' _ � Security Instrument. Unless Borrower and l.ender ugree to othcr terms of payment,thesc umounts shall bear interest from the
<br /> �'•."•• �""L ' date of disbursement at t h c Note ra te an d s ha l l b e pu ya b le, w i�h i n t e r es t, u p o n n o t i c c f ro m L.e n d e r t o B o r ro w e r r e q u e s t i n g
<br /> -•,,;�: ::;�: �
<br /> ,_„ ..:�nl PeytI1CB[.
<br /> -- ��... . 8.MortgAge Iavuranee. If Lender rcyuireci mnrtgage insurunce u�u condition of rnaking the loun secured by this Securiry
<br /> '��� ' � ���"��-•� ' • Instrument, Borrower shall p�y the prcmiums required to mAintain thc murtgage insurance in effect. If, for any reason, the
<br /> .c.,.}. •y. ..
<br /> - :�, . mongege fnsurance covcrage required by l.cndcr lapscs or ccuses to t►c in effect, Borrower shall pay thc premiums required to
<br /> - obtain coverage substantially equivulent to the mnnguge insurance previously in cffect, at u cost substentially equivalent to the
<br />�'�;•;:.'�' � � , cost to Borrower of the mortguge insurunre previnusly in cff'cct. from un ulternate monguge insurer uppmved by L.cnder. If
<br /> .- ' ' substantially equivAlent mortgege insurun�c cuveragc is not uvailuble, Borrower shull ps�y to L.ender uKh month u sum equal to
<br /> � one-twelfth of the ycurly mortguge insurunce prcmium t►cing paid by Bnrrower when the insuruncc rovemge Inpsod or ceased to
<br /> °� . be in effect.Lender will uccept,use and retain thcu p•ryments us u loss rc�crvr in lieu of morts+�ge insurance. L.oss re�rve
<br /> • Fam 3028 9/90
<br /> . ••
<br /> - . Vp�7 uf 6 �.
<br />_ .l_ _ ' . _- .- . ' ' ' " i ' . . ' __
<br /> . � _
<br /> �� � ,
<br /> � ..
<br /> � , ' , ,� �
<br /> �'W'. ' �
<br /> .. '
<br /> �' " "' '" ""
<br /> M1 •, , - __ . . - .. .. _ . . .._._.. �. . . . �.
<br />
|