|
,v�
<br /> _y�:' , _ . .
<br /> �,���...v� "ys' ^',�1
<br /> ..
<br /> i.. ^.
<br /> �� « - —+�...�r�i .. , .
<br /> 93- ioeSSi
<br /> s. Haw�d or Propaty imuran�s. Borrower shwll kap the irnprovaneaw now euiqln� or he�afler erected oa the
<br /> pmpe�ty insurod��in�t lou try fire. hw�ds included within ahe tem� 'czteadad caverage"�nd�ny olher h�a�d�. inciudla�
<br /> flaods or flooding. Par which txnder roquircs iiuura�oe.Thie incurAnco ehall bo mwintafned in the amounts and Por the periods
<br /> ;;;�, thet l.ender rcquirea. The inxurance carrier provid ing the insurance shall be ciw�en by Borrower eubJecl ta L.ender'A opprov�l
<br /> which rhall not be un�easonubly withheld. If Eorrower feile to maintain covcrago dezcribod above.Lender may. w Lender'r
<br /> option,abwin coverage to protect Lender's d�htc i n tha Propcny in acoardAneo with para�raph 9.
<br /> ,�,. All inxurance policies and rcnewals ahall be aoceptable to Lendar and shaU includa a�wndard mortgege cloucc. l.ender
<br /> •,� shall have the�ght to hold the policics and rcnewals,!f Lender requires,Borrower shall promptly give to Lender all roceipta af
<br /> �• ; �.��:<<-,,,; . paid pnmiumv and re�uwal notices.ln the event of loas.Borrower shall �Ive prompt�wtica to the inau�carrier�nd L�endar.
<br /> '" '�''�'•`�. • Lender may make proof of loss if not mada prompily by Horrower.
<br /> '°"� Unless Lender and Barrower otherwise agae in wridng,insunnce proceeds shall be applied to rcstoratian or repair of the
<br /> �, ..:-�. • �
<br /> � '�'��'���`�� '' Property damaged,if the rcstorxtion or repair is xonomicelly feasibla and Lender's socurity is not lessened.lf thc rcstoration or
<br /> + +�"`..�:� .. ' �� ��Y��.� repuir is not xonomically fcasible or Lender's socudty would bo lessenod.tho insurance proceods sMoll be applial to the sums
<br /> :p;:..r.,.;
<br /> ,. ,�� . secured by ihis Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> r. �,�;='.. :�"';:'��', ,: ,. Property,or daes not answer wlthin 30 days a natice from I.ender that the inaurance carrier has offerod to settle a claim.then
<br /> .:�w:,.;;�} I.ender may collect the insurance pracceds. I.ender may use tha praceeda to repnir or reslore the P�operty or to pay sums
<br /> ,�'� � secured by this Security Instrument,whether or not then due.Tha 30�day periad wfll begin when the notice is given.
<br /> 4 �:a�.,5e��ti::?�.:?,.
<br /> „ -., „.�. :,�.;, �,�.,� Unle�s Lender and Borrower othenvise agree in writing. any applicadon af proceeds to principal shall not extand or
<br />�� ^':• � „��".�z"�'� posipone the due date af the monthly paymenis referred tn in paragraphx 1 ond 2 or change the amaunt of the payments. If
<br /> ;: .� �;....:::;:,:5..:•.=-�`..:_: '
<br /> undcr parugmph 21 the Property is ucquired by Ler.der. Bonower a right to any insurance policies aml procceds resulting irom
<br /> . .�': :......: ..::. . .. ..: ;,
<br /> ;;�;�.,•r'!r;;'`;=,•., ' . damage to tlx Properly priar ro the acquisidon shall pass to l.ender to Ihe eatent of the sums secured by this Securlry instrument •
<br /> '; � ti,{ti°';ti�'3 '� ``'.�:'�i�, im�riediAtel rior to the ac uisltian. ,.;i
<br /> yk���: YP q
<br /> � `� ���`��.. ! �� " �'� 6.OccupAncy,Preservation,Maintenance and ProtectMn of the Property;Barrower's L.oan ApplicAtlon;l.easeholds. - �-
<br /> ������� �� ��`:�;�1�`��� `�"��� ; � Harrower shall occupy,establish,and use ihe Property as Horrowar's principal residence within sixty days ade. the sxe�;utian af `':�;;
<br /> � •!' 1� hi ,�r..h.
<br /> �' iy'�..�
<br /> �`� °-- i,�•� „ �.:�a.���:�,,:�"•�.' this Secudty lnstrument end ehall continue to accupy the Property as Borrower's principal residence for at leas�one yeur after ;`��i
<br /> f•;:'�� . ' ` ' • the date oF accupnncy, unless I.ender athenvise agreea ln writing. which consent shall not be unmasonably withheld,ar unless .j�:;
<br /> ;' � {�"� . �^��`.'`� �" � '`"� exlenuating circumstances eaist which are beyond Bornawer's control. Borrawer shull not destroy, dama�e ar impalr the ��`'`
<br /> I , •� '""•:, Propeny,allow the Property to deteriorate, or commit waste un the Property. Borrower shall be in default if any.forfeiturc �
<br /> ��.: �, • uctbn or proceeding, whether civil or criminal,is begun that in Lender's goad faith judgment could r+esull in fodoilure of the '�f
<br /> r:;.:,
<br /> �a, , Properiy or othenvise materlally impuir tha lien created by this Security Instrument or l.ender's secudty intereYt. &�m�IwIS�mfly :`:�.+`:•
<br /> �=-- . curc such a defauls and reinstatr.as prov�deA in pasegraph!8.by csusing�Ite action or prc+ceeding tn he dismi�+s�c1 w��h�w ruling '
<br /> `.; thul. in Lender's ga►d fuith detcrniinati��n, praluJc.r• for�eirorc of th.: &►rrower's intcrest in the Properly or othar mWter�ul
<br /> „ im�wirnxm of'thc licn crcutcd hy this Scrurity InWnirncnt or l.rnJcr'v sccurf�y intcrcst. Bnrrower�hull alrr► hc in dofuult if
<br /> R�nr��wc�,durin�thc I�+un upplirution pr�x�w�. guvr mu�cric�lly fulr.�nr iiuurura�c inliirnu�ti»n or�tutement�1��Lender(ar fuiled ^
<br /> " tu pruvWc l.enJcr wi�h any owtrriul infi�rm•rlianl i o c�macrtiun wilh the I�wn evid��nrcd My 11k Note.inrluding, hut nnt limi���l
<br /> ' lo.reprexntwiun.rrnicerniog li��rr��wer'��krupancy ut'Uk Pn►�x�ny u, s�priru;ipul rr,iJcncc.11'Ihi. Se�:urily Inaenm►em�i<<m u :�
<br /> �+ leli+ch�dd. H��rrawer �haU ri�mply wiUti ull �he p�uvi�iom �►f �ha Icuk, II' f��rrawrr ucquinw fee ihle to tho Pruprny. the
<br /> ,�:• , ° leusehuld unJ�hr Ice tiUc.hull not mcr�tr unlr"I.viwl�r ug�e+w thc m�rEe� in writin�t. ,
<br /> 'E'�`' 7.ProttrHon ui'IA�nder'r RiRhtr in tlK Nn��xrty. II'ti�rrruwcr fail�iu perliirni thc cuvcnunl�unJ ugrrxnunts conluined in
<br /> ' �� thir�S�:�vrit In�trumcnt. or Iherc i.u(��al r�ke�Jin Ihut mu ,i niti�unll aftcct I.rndcr'�ri ht� in the Pn� n Isurh us a �.
<br /> y !� P !� Y • 8 Y' E P� Y x_
<br /> .�j' �, pnxeeding in haokruptcy, prubute, ti►r conJemn•r�i�x�.�r furfciture or tu cnli�rcc law.or rc�!ulati�ma l.then l.ender ms�y(IO A!1(I �r7,
<br /> .'� � ' puy fix whuiever i.r necc„ary tu pratcrt �ho vulu�nf thc Pr��prny •rnJ l.cnckr', righ�. in thc Propeny. Lender'�acyinns may ` ''
<br /> , includc puying uny �um+ +crurcKl by u licn which hu� priur�ry u��rr thi, Sccuri�y In+trumcnt, up�uring in roun. paying �
<br /> �'. . reu�onahle atturney�' fce�und enlerin�on Ihc Pruncny t��nwkc rcpuin. Alth�w�Ch l.cndcr n�y tuke sKtinn utkler d�l�p�ragraph ��
<br /> , � 7,Lender dac,not h•rvc to d�i�o. '�
<br /> � Any umnunts di�burs��l by Lc�xlcr wxlrr ttii� puragr•rph 7 �holl Ix�cunk uJJiti��nul Jcbt ot' Bnrn�wer �crunsd by this ,.:��:�
<br /> Se:urity In��rument. Unlr+� Barr�►wcr anJ l.rn�kr agr�r u, uth�r tcrm� ul'pulmcm. thc•c umuunl+ �hall lxar intent.t friim the y��..
<br /> dAtc of Ji�burvement ut 1hc Nnlc ra:c aiu!+hall tx puyuhl�, w�ith iiue���l, u�►n nolicc fr�an I.�ndcr w Bnrro�ver n:qur�sting
<br /> a mcnt. .'r:..
<br /> p Y r:�
<br /> . 8.Mo�tRaRe Insurance. It'LenJer reyuir«I�iwrt�upe in,urance a�a c�»�liuun�►1 mal�in�th�1�►an�crurecl h�•thir.Secunty
<br /> '� lns�rument. B��rr��wer �hall pay the prcmium, rcyuired Im m�imuin �hr m�,ng+igr in.ur:mre in eff�ct. II'. li►r any rca,�m. the �; •..
<br /> m�m�►�gc inwrnnrr r�ivcraEc reyuircJ hy Lcndcr 1 ap,�.��r cra.c� w hc in rf't�rt. Nurr„µrr.hall puy�he prcmium+ reyuircd to y
<br /> 1 . uMuM ciwcratir suhsluntiully cquivulc.vt tn thr nHirtEu�r in,uranrr pr�vi�w�ly in rl'1'crt. u� a ra.�.uh�tan�iall�•cyui►�slent to thc F}�
<br /> 4, !' r��+l t��&►rroarr ��f Ihc mi�rtgu�c in.uraikc pn�•i�w�ly in cll�rl. Irum an :dtcrn:nc m�m�uge in,urcr appru�•cti1 by Lendcr. If �
<br /> • , suh.rtunlially ryuivulrnl nwrtgugc intiurancr r�n•cr.�gc i, nul a�•uilahl�. Fiurn,��•cr .h�dl p,iq t��LrnJ�r CdCII 111001N p hUltl l•(�UAI 111 '
<br /> � one•tv��cltih al'thr yeurly numgaEc in,urarkr rmm�uo� hein�!p��iJ 1,� H��rru��cr��•hen th�inwrcinr�cu��cragr lap«t1 nr rcu.cd lo ,
<br /> ; • � txr in cl'fect. I.cndcr will urrepl. u,e unJ rctain ihc.e puynki��.a, a lu.. rc.rr�c in licu uf m��rtga�e in.urnn�r. Lu.. rr,rrve '
<br /> ,� Form 3028 8/80
<br /> " I�Jy�� /�.I tt
<br /> J
<br /> • �
<br /> � _, . . ... , ... . - .
<br /> •�_ _ .
<br /> _ f�.'_ "' __-_ _ —.
<br /> . . .�� .. . . . � - ' • . .
<br /> •;r � } ��� ��h ti ° ��,' , .. � �'��` ..
<br /> ' ; I ti,;� �� .(' ii . 1• .. � . , . , , � ,. i � .
<br /> , . ' '_� �
<br /> ' '.'. - �` � ' • - , . ' . . . 7i.� . .• - 'fr . . . ;.• .. . ' . .
<br /> 3� fC'. . .. ' ,.:i+'i ,
<br /> �;' ' • ' '�
<br /> ' f
<br /> � �
<br />
|