|
..a�-.,
<br /> �� .._ � . _. � — � - -- .,...� — ..-
<br /> �• � �
<br /> i � ---- -
<br /> _ .
<br /> -----
<br /> _ :�_ � _ �. � . . . -_- -- .-
<br /> _.__.! • 01__._ 4 n����s
<br /> _ - va -�..�.vp
<br /> '��._ _ � prricxl4�hat Lcnder reyui�e4, The inxuraice cAMcr providing the insurance shall be rhasen by Bomawer xubject to l,ender's
<br /> �� Mppravwl which sh�ll not be unreuw�nubly wi�hheld. If Bortower fuils�o maintain coverage de.�ribed utwve.l.�aier mry.�t
<br /> � Lenderh�option,abtoin covorage to protect l,enderk dahta in tho P�+nperty in uccrotdwice wlth pua8raph 7.
<br /> , All inwurnncc policirs and renewals slwll b►�ucceptable tu Len�er axi shall inclu�le a stwxiurd mortguge claw�e. Lender
<br /> �����i shull hAVC the right to hold tha policiex nnd renewals. If Lender reyuires,Bnm�wer shall pn�mptly give tc►Lender ull receipts
<br /> - of pnid prcmiums und renewal nWice�. In the event of loss, aarower shull Qive prompt notice to the inswrunce crrrier and
<br /> � l.e�der. Lender mny make proof of loss if not mado promptly by Bomawe�.
<br /> __— _ Unle�a Lcnder ond Bo�rower ahenvise uptree in w�itinF.insuranre proceed.r• shaq be opplted ta rcstoratian or rcpuir of
<br /> ______ _ �-� iheP�►�ny dumaged,iP the restorution or irpair is ea►nomicully fcAcible and Lender: security is nd lessened. If the =
<br /> __ - "°= nvtoratian or rcpui�is not economicolly feacible ar Lender ti security would be Irs::ened. the inxuronce pmceeds shull be
<br /> -�,.�:��� upplied to the sums secur+ed by�his Security Imtrument,whether ar nat �hen due, wl�h nny excess puid to Borrower. If
<br /> _�,�,..N,,j,� Borrawer ubundans the Propehy,or dceq nat unswer wi�hin 30 duyti u naice frnm l.en der t hat t he insurunce cwrier h a s
<br /> . '= offered to�enle u claim,then Le�ider may collect ihe in�urunce proceeds. Lender muy use�he procexdx to t+epair or reslore
<br /> '�'�'+ the Pro n ar ta gums secured b this Securit Ins:rument,whathrr or not the�due. The 30-da riod will begln when
<br /> - ��'��'� Pe Y P�Y• Y Y Y Pe
<br /> ��;'�',�;, . the notirc iw given.
<br /> _------�----� '' Unlesw Lender und Borrower othenvise ugree in writing,nny opplicution of pmceeds to principal xhall not extend or
<br /> __ ___ _._°-�'���c postpone the due dnte ai the mamhly payments refcrred ro in parugraphs 1 nnd 2 or chunue Ihe umount ot the pnyments. If -
<br /> -- � unde�purug�aph 21 the Prapeny is urquired by Lender,Borrower's• right ta uny insuronce policies ar►d proceedti resulling
<br /> ���� from dumuge ta the Property p�ior to the ucyuisitian sh�ll p�s to Lender to ti�extent of the gums secured by�his Securily
<br /> :�."..:;:� '. •. .
<br /> *-`=� Instrument immediutei nar w the u�:quisition.
<br /> =-==f�R�:'� , y P •
<br /> �,_�.�,- .1 6. (hcupa�cy. PreservAlion� Maintenwrce and Protectioo nP Ihe Propertyt Bw'rawer's Loan Applicntion;
<br /> �'� :`=-_�.�, Leaseholda Bnrrower shall accupy,es�ablish,und use the Pruperly as Borrower's•principal residence within sixty doys sifter
<br /> s*���,' ' tha execution af�hix Securily loslrument s�nd shull continue to accupy Ihe Properly as Borrower�principul residence for ut
<br /> - �_�.,o.��riu.. leust ane yeur after the date oi accupancy, unless LenJer utherwi.e ugrc�s in writiug, whlch consent shall not be
<br /> � =_,�.��,.. � unrewonobly withheld,or unlesx extenua�iog cireumstnnces exist which ure beyond Borrower's control. Borrower sh�ll not
<br /> - -r•;;�. �`- ' destroy,damuge or impair the Pmpeny,nllow the Property to deterioraae,or commit wa+te an the Property. Borrower shull
<br /> -� "� be{n deiault if uny forfeiture uctian nr proceeding.whelher civil or ciiminul, ia begun thut in Lenderk gaad fuith judgment
<br /> . _��1�1lY ,.
<br /> --� ,,l.�s:,� could resuh in fort'eitum of the Propeny or otherwise mutcriully impuir the licn cremed by this Securiry Instrument ar
<br /> " '���. Lender i secu�lty interesl. Borrower muy cure such u defuult s�nd reimtute.us provided in pumgruph I R,by cuusing the ac�ion
<br /> ���'�� or proceeding to be dismisxed wl�h a rulin��hnt,in Lender's gaxi fuith determinution,precludes forfeiture af the Horrower�
<br /> ;�,��`��., � � intere+l in the Property or other muterial impuirment of the lien crruted by thix Sccurily Inx�rumem or l.ender�xecurity
<br /> =r. intemu. Bormwer shall ulso be in defuult if Bormwer, during the Icwn upplicution procesx, guve materiully fulse or
<br />--;;j��,;,�i1}-};`;``, inACCUrutc infarmution or stntements to Lender(ur Pailed ta provide Lender with uny muterial informution)in ranneclion wi�h
<br /> .�,,�� �'?�m the loun evidenced by the Note. includfng, but not limiied to, reprcseotnlions conceming Borrawer� accupancy of the
<br /> �.�.,�. :�� .
<br /> r,.� ;.�,. � Property u.,u principAl rcsidence. If this Security Inslrument ix on u leuxehold,Bonower.hull comply with all the provisionx
<br /> ��'�i� '±��. of the lense. If Bartnwer acquires fee title to the Property,�he kusehold nnd Ihc fee�itle shull not merge unleas L.ender agrees
<br /> _y"\'1�fVYif'M
<br /> ';.,-�__--=�•� ._'.':�L=�-� ta�he merFer in writing.
<br />:,. ;
<br />.; �, � �:��.';, "• �, 7. Protectton oi Lender's Righls in the Property. If Hormwrr i'ails to Fx:rt'orm thc cavenunt.r• und ugrcements
<br /> ' ° �:� "F'� contuineJ in this Seeuriry Imtnrment. ��r therr i. u legul prcxceJing thu� muy signifKantly ut'fect Lender's ri�hts in the
<br />'_ .: ,.,�;�,.:,.: i Pmperty Isuch as u prcxcedin�!in bunkruptry,prabutr,fcx condemnu�ion ur ti►rtciturc ur ui enforrc(uws or mgulatiom?,then
<br />` �;� � Lender muy do und p:ry for whu�ever is necc,tiury �o protect �he vulue ot'�he Propeny and Lender; right+ in�he Property.
<br />- � ._ l.ender's actiun4 muy include paying uny+ums xecuRd by u lien wl�irh hu.prii�rity over thi�Security Instnrment,uppeuring
<br /> �• ' :r ' in cuun,paying reaxonuble uttumeys'1'ees and rntering an the Pro�xrty lo muke rtpuirs. Ahhough L.ender mny tuke action
<br /> � ' �K• I under thix purugruph 7.Lendcr J��e� no1 huve to Jo�o.
<br /> �� ° Any umounts Ji.lwncd by L�nder und�r this paragruph 7 �hiill ix�com�uddi�i�mul Jebt of Bumnwer tiecured by thi�
<br /> u:.a*• � . I Securiiy Ins�rument. Unlc�.Borniwer unJ Lcndrr u�Re ta u�hcr temi,of puyment,�hese amuunt.shull beur intcrcst from�he
<br /> �` ~ ' � dnte ul'disbunement u1 Ihc Nute rute und shall Ix puyuhle, wiih initre�t, upan natice fmm Lendrr�o Bortower reyuesling
<br /> . .�;�d�,. :..,:. � paymcnt.
<br />_ .;. �, .:�;. ' 8. Mortgage Insurance. If Lendcr reyuiKd munguge insuruncc u+n rondition of making�he luan +ecured My thix
<br /> " • ; Security Inztrument, Bnm�wer tihull puy tlx premimns r�yuimJ �o muintuin th� ntongugr insurunce in el'fect. IL li�r uny
<br /> ' ���`� ° reuson, th� mongugc in.urunrc awrruEc rcyuimd by Lendcr laip�eti or rcu,c. to Ix in cffert. Barmwrr shull puy the
<br /> ' ' '.,;;«f � ; premiums reyuired to ubtuin cuvcrugr .uhsiuntiully eNuivulent to �he mortgage inwrancc prrviously in effei:l, ut u cost
<br />- """w; � substtuitiully eyuivulenl lo the coxt to Bixmwer of Ihe mongagc in.uranrr prrvi�iu+ly in rt'tcct, from un ultcrnute mart�tuge
<br /> • ' in.ur�r u�mved hy LcnJcr. If sub.rtuntiul ly cyuivident mimguge in+ur•rncr cuverage i�not•rvuiluble.Bum�wcr shall pay to
<br /> 'r'�'"���., ' LenJcr euch month u,um ryuul ti�unc-twclflh uf thr yrarly nwrt�tu�c in.ur�mcc�rcmium ixin� paiJ by Bi�rruwer when the
<br /> • ';. �. . ; in�urunce cuveruge lu�kd or cea�ed to ix i n eftcrt. Lrndrr�vill urcep�.u,r:md retuin the,r paymcnt+u+u lo+.re�ervr in liru
<br /> ,�� , af mixtgage i�»urunre. L.oss rescrve pay�ncnts muy n�� lung�r tx rryuircd,t��ihc uption al'LrnJrr, il'ntortgugr insurunre
<br /> _ � cuvcroFe(in the umounl und for thc�xri�xi ihat LrnJrr myuirc.l pmvidc�i hy;m in+urrr s�ppruvcJ by L�ixler uguin lxronx.
<br /> . � � ; uvuilublc unJ is oMuincd. Bornxvcr.hall pt�y Ihc prrmium,rryuirrd tu muinluin murt�ug�imurunrc in cl�f'rct.ur w providr u _
<br /> � ,. � lus.rescrvc,until�hc nquirrment tix nHxtgugc imurancr cnd,in uccorduncr with airy written ugnement tktwecn Born�a•cr -
<br /> ` • und LenJer ur applica�bk luw. �
<br /> 9. Inspectiun. Lcndcr or it�i��!rm may makc rra�onahlr cnu•ic�upim und in,�xrliun.uf thr Pm�xrty. l.rndcr tihall �
<br /> Igive B��rmwcr n�,iirc ui ihr tim�ul'cn•pri��r lu un in.�xrliun,�xril'�•inE ma�onxhlc cau�r ti�r Uic in.�xrtion. `
<br /> 10. C:ondemnallon. Thc prorcrd.��f any a�c:irJ��r�I:►im ti,r duma�r.,�lir�cl��r rumcyurntial. in cunncc�i�m a•ith uny
<br /> ;
<br /> tiinElcl�am�l��--Fionk�fodM'reddlrNucl'NIFIIR�11�1'1'Rl'\1F.�1'�-I�nd„mi(l��¢n:uit. 4/90 i�a�¢r.+„����a��,•�� �
<br /> � � �a�•.n l,AaBu.inn F��+n+.Inr� i
<br /> • i��unhT raM 1-WU9:M�9.4!r.l�.`Y,\\1�In�7t11•11:11
<br /> ., F
<br /> .. .� . .... - � � ' ,. . ,:4t,�t+t+u:.�
<br /> . n . '
<br /> t', � .�
<br /> , � .
<br /> + _�_ . .- � - --
<br />
|