|
_ ___ _ ___ _ __ � _
<br /> �.. .� .. �. �
<br /> �� ���
<br /> . . , . .
<br /> :�� .-� - – . . _ --
<br /> — �
<br /> �!�` . — — _� �, � � �� - - �� --- -- r —
<br /> �; . ----- . ....._.-— -
<br /> �,� �;
<br /> . . . .
<br /> . . .
<br /> . -
<br /> .. ..
<br /> . ._� _ .� ,_..�
<br /> �_,,: . � � � _
<br /> —���� � a � _
<br /> �.=,�,e.�-_- ----� f. 91--s n�i ��
<br />- - _- _—_ _
<br /> �::
<br /> �f�i s� }�� a. prop�ty In�Or�nce. Borrower shall kecp thc improvement� no� eaiwing or horcaRer ere�ad on the �
<br /> �:#I Properry insu�+cd a�ain4t loss by firc,ha�r+ds included within the term "extended covcrage" and su►y other hazarda. lncludin�
<br /> -�� floods or Ilaoding,fur which Lendcr rcquires incura�x. This insurancc shall be mainteined in the iunounts and for the pedada
<br /> � tiwt L�mcier requira. Thc inau�vrKx carrier providing�he insuran�r shuii ix:ciwacn i,y Ru��uw�:c subJi.tit t6 Ln'.Ii�i.P�b ap�srov�t �
<br /> �:-.:��r �...-
<br /> ,.•.
<br /> which �hsll ncx be u�re�nebly withheld. Ii Borrowcr faNs to maintain coveruge described ubovr, Lcnder may, at Lender'4
<br /> ��. &P� option,obtafn eaverago tu protect L.ender'c �lghts in the Pmperty in accordunee with parugraph 7.
<br /> , , All insurance policics and renewals eball be acceptable to I.endar and ahu�l include o atundard manaoQe cluuce. Letukr
<br /> �-__- -- - - '-- •- shnll hnvc the�i�k�t to hold th�policics and renewals. If Lender requires. Bonowcr shull prompNy givc to Lciulcr aU recciptx of
<br /> ° �"'r' � p�id premiums w�d renewal noticcs.In the event af la9s, Barrawer sholl�{ive prampt notir�:tu�he inru�ncc carrfer w�d Lender. L ``
<br /> •�__�_x,._�,'-' Lcodcr nwy mulce proof of loss if not madc pramptly by Barrowcr.
<br /> - • � � Unlesss L.ender end Barrowcr o�hcrwise Agrec in wrfdng. insurancc pracccxls shull be applicd to reswrulion ur repeir c�f ihe
<br /> _,: .�,''.
<br /> .���,p�� . ( propeny dwnagod,if the restaration or repair is ecanomically Pcasiblc and Lender's sccu�iry is not Icssened.If the restora�ion or
<br /> �-�t�> • � rcpair is not economically feasible or l.ender's secur�ty would be lessened,the inxu�ance proceedw ahull be upplied to tha sums
<br /> _���_°��a seeured by this Securiry Instrument, whether or not Ihen due, with uny excess puid to Bnrtawer. if Bc�rrower abandons Ihe
<br /> -----� • .�_ ° �
<br /> ��-'"�": .a Praperty,or daea not enswer within 30 dnys a notice from C.ender that the insura�ce carrfer bas��ffer«I to settle a claim. then
<br /> —'"'�`�"�Sf�`,r Lender may collect the insurance praceeds. l.ender may use the proceeds to repair or �ratore the Property or to pay sums _
<br /> �°_,;�a�, secured by thia Security Instn�ment,whether or not then due.The 30�dey period wiil beBin when Ihe notice is given. ��
<br /> ,.�.�� ,.
<br /> --='�' Unless Lender and Borrawer otherwise agree in writing, any application of praceeds to principal 9hu11 not extend or -
<br /> ��'="�A�-��.:... �, �: postpanc the due date of thc monthly payments refcrred to in paragraphs i and 2 or changc thc amount of the payments.If �_T
<br /> " `°'' ' under paragraph 21 the Property is acquired by I.ender, Borrower's rlght ta any insurance policies and procceds resuiting from __
<br /> ��:?X ly�•�'�"^°.:.�
<br /> _ _° :_;;��r . cianwge to the Property prior to thc ocquisitian shall pess �o i.ender to the extent of the sums secured by this Secu�ity Instrumrnt _,_
<br /> — - '� r immediately prior to the acquisition.
<br />� � ''�^' ��'� 6.Occupancy.Preservation,Maintenance and Pratectlon oP the Property;Borrower's I.oAn Application;l.easehalds.
<br /> �� a Borrowcr shatl occupy,establish,and use the Propeny as Borrower's principal residencc within six�y deys ufter the cxceutian of
<br />_-���`;�"�`•����'"":, .• j thts Secu�ity Instrument and shall continue to occupy the Property as Bonower's principat residence for ut least one year after
<br /> r<_,�--�` �';... , the date of accupancy,unless l.ender otherwise agrces in writing,which consent shall nat be unreusonably withheld, or unless _`
<br /> �`�'�� r'" extenuating circumstances exist which are beyond Borrower's cantrol. Borrawer shall not destroy, damage ar impuir the
<br />_'`� .,;.�, ,;.
<br /> ,.�, Propeny, allow the Property to deteriorate. or commit waste on thc Praperty. Borrowcr shall be in defuult if any forfeiwre �z-
<br /> j� acdon or proceeding,whether civil or criminul, is lxgun�ha�in I.cnJer'x gaxi faith judgment muld result in forfeiturc of the �_-;
<br /> N:::�` �>�� �.••.t:; PropertY or otherwise mAterially impair the lien crcAtal by this Security Instrument or l.ender's security interest.Bonower may
<br /> y±�'•'�� � cure such a default and reinstate,us provided in puragraph 18,by causing tlx:uction or pruceeding to be dixmissed with a ruling
<br /> '`�• "�°="=`=`="'` �� that, in Lxnder's good falth determin�ti�n, precludcs forfeiwrc�f the Borrower's interest in thc Property or other matedal
<br /> � ' „ impairment of the lien created by this Security Instrument or I.endcr'�security interest. Borrower shall alsa be in default if
<br /> - � � � Borrower. du�ing the loan applicution procers,guve matenully falsc��r inaccurate infornwtion or stutements to Lender(ar failed =_
<br /> - � � to provide Lender with nny material information)in conna:tion with thc loan evidenced by the Note, including,but not limited —�••
<br />-_ �;,�,}� • to,representations concerning Bnrrower's occupancy of the Property us a principal residence.If this Secu�ity Instrument is on a
<br /> Ieaschold, BoROwer shall comply with all �hc provisions of thc lense. If Borrowcr ucquires fee title to thc Property, the
<br /> � �'`� leasehold and the fee tiNc shall not mergc unlesti l.ender ngrccs to the mcrger in writing.
<br /> �•� 7.Protectiop of I.ender's Rfghts in the Property.If Borcowcr fails to pertorm the covcnants und agrcements contained in --
<br /> � � this Securiry Instrument, or thcrc is u Icgal pr�xccding �hat muy significuntly nffcct Lcnder's rights in the Property (such es a �°-
<br /> ... ....�s, �{� procceding in bs�nkruptcy,probutr, Por condcmnation or forfeiturc or to enforcc laws or regulatians),then I.ender may do and ��^^_
<br /> � �� ' pay for whatevcr is ncceswry to pmtcct thc vuluc of tt�e Pmperty and Lendcr'x rights in thc Propeny. Lender's actions may
<br /> ' `' •�"-"..1�� � °, ., include paying any sums secured by a licn which has prioriry �wcr thiti Sccurity Instrument, appearing in court, paying
<br /> ' o le attorne s'fees and cnterin on thc Propeny to mukc rcpain. Although l.ender may take action under this parugreph ���
<br /> reas nab y 8
<br /> E.;
<br />� ��- 7,Lender does not havc to do so.
<br /> • Any amounts disbursed by l.c.nder undcr this pvr�gruph 7 shall lkcomc additional debt of Borrower securcd by this ��-•
<br /> � • r;_-
<br /> �-. - ,q,Y Security Instrument. Unless Borrower and Lcndcr ngrcc�o o�hcr tcrnn of paymcnt, thexc amounts .hull tieur intcrest fmm the
<br /> ,:�,;•.: ' date of disbursement at the Note ratc und whull bc payeblc, with intcrest, upim noNcc fmm L.cnder to Borrower requcsting �:.-°-
<br /> � � ,: -� �d:.: • payment. t�:_
<br /> , , • • 8.Mortgage Incuranee.lf Lender reyuir�Kl mortFuge in,urance a�a amdition��f muking thc luun secured by this Security -,-—
<br /> �. � � ° Instrument, Borrower sholl puy the prcmiums rcyuircd to nwintain the nx�rtgage insurance in effcct. If, far uny reuson.�he �
<br />- ' mortgage insurance awcr�gc rcquircd by Lendcr lup,cs or ccuscs to be in rffcct.&�rrowc�+hull puy the prcmiums required to �
<br /> •, obtain coveragc substantiplly cquivalent to thc nwngugc insuruncc pn;vi�iusly in cl'fcct, at a cuxt subs�antially cyuivulent to the "'
<br /> wst to Borcower�if thc nxmgagc insurun�e prcvi��uxly in cff'�ct. t'r��m an ultcrnatc mortg•rgc insurcr upproved by l.ender. if
<br /> substantially cquivulent m�mgagc insurunc�covcragc is�u�t availahlc. B��rrowrr,h�ll puy tu L.cndcr cuch month a sum eyual to « •�
<br /> '� ° ono-t�velfth of thc ycarly mnrtgage insuran�c premium Ixing paid hy Barruw�cr whcn thc in,uruncc covcrugc lapsed or cesised to
<br /> '. • be in effect. Lender will:krept.utie unJ retain the,c paynknt�a� a luss rescrv�in li�;u ut' nwngage insurance. laiss reserve �
<br /> 1
<br /> ., Fam 30Z8 81Y0 l..
<br /> - � Pp�3 ot 8 •
<br /> r •
<br /> 4�
<br /> P
<br /> � � � .. . 1 ., .
<br /> 1 _' ' .•^'�� � �
<br /> S '
<br />
|