|
.nr�w� :-K��, t . ,.. iaw• . r�'�, ��� ':S,Fti:a�..�.-.�.
<br /> . '� . `4 '� .. . . .,�.. -�.s_...,-
<br /> ..,. -:... . '
<br /> • . � : • r.ry�..-- - .. ....g.�..,,.�,.,y,.....,.�.. ... __.__..--�
<br /> .� ' _.
<br /> � M =
<br /> . . _� .------.....
<br /> . .�s.-.+w�.-._...`. _. . - - - ----- - ---
<br />� �. : S. H�sM a: Pe�c�:rly lasurance. Bom►wer shall keeQ the im�+rE►v�m�►t; n�w exMtMg ar�fte�reetod on thc
<br /> � �� Pr�operty insuted�airut las by f rc. hmrds includod witMn the term 'extendod coverage"and any other haurd�. iacludiny - - _
<br /> �• tloodi or floodin�. for which LRnder roquircs iasutuke.This insurmcx sh�11 be tna�ntainod in the anaunts and far the period�
<br /> ' that l.ender requirca. The insucauce carrier providing the inwrance shAlt be chosen by Barrower subjoct to Lender'a approval �R,z
<br /> _ which shall rat be unreawiwbly wlthheld. !f Borrower fdls to m�intain cover+ge describod above. Leader may.at lander'c �,-��.. �-y-
<br /> option,obu►in cavenge ta protat Lender':righu ia the Propecty in accorcl�nce with puagraph 7.
<br /> - r.''_°--�_---
<br /> - � All incurancx pnlicies and rrnewels sh�li l+e accepteble to I.ei�der and Fhs{t include a standard mortgagc clouse. Lcr►der .�� - ..;•,�•-:.
<br /> ahall have the right to hold the policia and tenewaL�. If I.ender roquirea, Borrower shall prompdy glve to ixnder all roceipta of ' ---
<br /> ud �+emiwns and renewal notices.In the event of lors,Borrower shall give ro t notice to the insur�nce carrier md Lender. r "'""'==��
<br /> P P p mp '`�"�—
<br /> Lender ma m�lce roof of lo�if not mada rom d by�orrower. �:""'`
<br /> - Y P P P Y i�•''���-.�r:.
<br /> . UNess Lendec aod Bomuwer at�envise agrce in writing,insuru�ce pmcads shall be applied to restoratian or rcpair of the e.... ..r�__:,��..i
<br />-'�; ' Property dam�ged,if the reuor�tion or rcpair is econotai�ally feasible and Lender's securi[y is not Icsscned.If the rescoratlon or � •'��
<br /> r is not ocoaomicall feasible or I.ender's cecurit would be lessenod,the insuru�ce racocds shall be lied to the sunu �`'• •�'"'-"�^W�
<br /> � Y Y P aPP �:��.;���,;�•-.
<br /> -_ secured by this Security Insttument, whetber or not then due. with any eacess paid to Borrower. If Borrower aLuidons the � ;�;.�.��.-_:-
<br /> '.� Pr�nperty,or docs not answer within 30 daya a notict from Lender Wat the insurance carrier has offerod to settle a claim,then "''�^�•
<br /> �``.:: ' ,-
<br /> '�` Lender may collect the iasurance pnocads. Lender may use e6e proceeds to cepair or restore the Property or ro pay sum: �;,�:::`��:---
<br /> _= secured by this Secudty Iaurumeat.whetber or not then duc.The 30-day period will begin when the notice is given. ���� _.
<br />� Unless Lender and Bortower otbatwise agr+ee in wri[ing. any applic�tion of procuds to principal shall not extend or ���—�----�
<br /> s ne the due due of tde montdl menn refecnd ta ia s 1 and 2 or chan e the arnount of tl�e yments. If ��'-���---
<br /> � � y wr �� s w �'�' .:��-,�
<br /> uader Par�graph 21 We Property is xquired by Lender.Borrower'a right to any ins�uana palicies uW proce�ds resulting from ' `'
<br /> damagc to the Property prior to the acquisition�hal!pass to Lender to the eateat of the�nms axured by thie Seciuiry Inst�ument ,;,,r_ -
<br /> immodiately prior to the acquisition. � :?'� '�`'T ,_
<br /> 6.Occuptncy,P�+ecervatioe, Mainten�nce aad Protedk►n of the Property;Bornuwer's I.oau Appliartian;I.easeboWs. r .
<br /> Borrower shall occupy,establis6,aad use the Propecty as Borrower's princlpal residence within sixry days after the exxution oi •, .r�:f"''
<br /> thts Security Instcument and sh�ll contitwe to occupy the Ptoperty as Borrower's principal residence for at least one year after +,�,,;,.,�;_
<br /> the date of occup�ncy,unlas Leqder othetwise agras in writiag,which consent shall not be unreaconably wltl�held,or unless '���;�;:
<br /> eztenuatiag circumsta�ues exiu which uc beyond 8otrower's watrol. Borrower shall not destroy. dart�ge or imp�ir thc -_�_
<br /> Property, �llow the Propeny to deterior�te, or commit waste an the Property. Borrower shall be in default if any fodeiturc ���_
<br /> xtioa or roceedia ,wdether clvil or crim[nal,is be that in Lender's ood faith ud ment could result In forfeiture of the � ��'�=
<br /> P 8 S� B 1 8 �d'+�=:
<br /> � PropeRy or otherwise mater�ally impair the lien cre�ted by this Socurity Instrument or L,ender's securiry interest.Borrower may "'�M j�—
<br /> _ �+�:��::��.�,::�
<br /> -- - cun wch a default and re�nst�te,as provided in pangraph 18,by ewsmg tbe action or proceeding to be dismisseci wich a rutia8 �:._�;.,:
<br /> that, in Leadcr's good faith detern�ination, prxludes fodeitune of the Borrower's interest in the Property or ut�e� mueri�l �; i��" --
<br /> o�:,�=-_.
<br /> impairment of the lirn creatod by this Securiry Inuniment or I.ender's securiry interest. Borrower shall alsv be in default if ��.
<br /> Bonower,during the loan application prceess.gave materIally false ar inaccurate inforn�ation or statements to l.ender(or failed �°t�="`��-
<br /> to provide l.ender with any material infom�ation)in connectian with the loan evidenced by the Note.including.but not limited .��,,��:�-
<br /> to. rcpresentations concerning Bomower's occupu�cy af tha Property ac a pr�ncipal resideace.If this Secudty Insttumwt is on a ±-��'. -
<br /> � leasehold. Borrower shall com 1 with all thc rovisions of the leage. If Borrower uires fee title to the Pro �'�'''`�"'"`
<br /> , P Y p �4 PertY. the ..,.,:.
<br /> b leacehold�nd the fee tide shall not merge uuless L.cnder agrces to the merger in writing. S.�`- ';'';";� _-
<br /> ��. 7. Protectbo ot I.ender's Rigbts ia the Property.If Borcower fails to perform the covenanu and agreements wntaiaed in ,;,,�.;.,,�,,_ ;=
<br /> this Scciuiry Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property(such as a "'^�!`>^";P::.
<br /> � � praaeding in bankruptcy,probato. for condemnation or forfeimre or to enforce laws or regulations), then Lender may do and �. _� ��=
<br /> �' pay for whatcver is necessary to protxt the value of the Property and i.ender'a rlghts in the Property. L.ender's xttons may �
<br /> . +�.;�
<br /> •. include paying any sums secured by a lien which has priority over this Sccurity Instrument. appearing in caurt. paying
<br /> �' reasonable att�rneys'fces�nd entering on the Property to m�ice rep�i�s.Although i,ender may take action under thit par�graph �,,,.,
<br /> . ' '� �; 7, Leader does not have to do so. :i � �� � .
<br /> � ' .'�,;. '. My unaunts disbursed by I.ender under this paragraph 7 shall bocome addicional debt of Borrower secured by this '
<br /> • Seevri Instrument. Unless Borrower and Lender rce to other terms of payment,these amounts shalt bear intetest from the , �,•
<br /> . �Y aS
<br /> . . . date of disburaement u tlx Notc rue and sh�ll be payable,with interest, upon notice from Ixnder to Bomower requesting -
<br /> � � n�y►�p�. � . �.
<br /> 8. Matgage[nsurauce. If Lender requircd mortgage insurance as a condition of making the loan secured by this Securiry -�-��,•.•-�+
<br /> Instmtnent, Borrower shall pay the premiums required to muntain thc taongage insurance in effect. [f, for �t►y reason, the � '�
<br /> mortgage insur.�nce coverage required by Lender tapses or ccases to bc in effece, Borrower shall pay the premiums required to �,
<br /> � ' , obtain coverage substantially equi��alent to the mortgage insurance previously in effect,at a cost substantially equiv�lent to the ' S�
<br /> � ' � � cost to Borrower of the mortgage insura►►ce previously in etfect, from an altemate mortgage insurer approved by I.ender. If
<br /> i � substu►tially equivelent mortgage insurance coverage is not available.Borrower shall pay to Lender exh month u sum equal to
<br /> � �` �: � • onatwelfth of We yeuly mortg�ge insuranee premium being paid by Borrower when the insuraz�ce coverage lapsed or ceasad to
<br /> j ; � ' ', be ia effax.Lender will aaept,use and cetain Ihese paymenu as a loss rescrve in licu of mongage insurance. Lou reserve
<br /> - . •r. � Fam 3028 9/90
<br /> = t ��6RINE)nios� �pe 3 ot 6 �rnun:
<br /> .L SL��
<br /> ' �. - - -
<br /> -- y� . —�.s+�•,�,;�z.,f. .�,, .._ - . .— -� — - - — — =�ah'�7o�r.ti�,,�:
<br /> ._ . .
<br /> . �� � ,...�,k.r �
<br /> --' +�l:-'!r• -...
<br /> - �.i� ....� _ ._. �
<br /> ; '�ytli:.t:irr�.: ,q_ �
<br /> .Y
<br /> �. � .i• ... _. . .
<br /> f�lr� .. . ..
<br /> •e�:�[5�.� . ,
<br /> lt+s:lv.�. . .
<br /> r �
<br /> .ii51�i,
<br /> _ r a � .. � � .. .....c3�L.�4.�..
<br /> t(� +n � �r a � L . . .�
<br /> _�� -,�..,y . . . . -.rW. ._
<br /> 1
<br /> _-�`" ,._...... '..
<br />_ _` --±:�►��I''s+.. , � �
<br />_ - - �. t,. , � �
<br />.�:..f__...�. __�c�.._.tc:.J�.^r�iina A -�\�__4. .aa..v..r]...... . . . . ._ . ._. . '_ _ '
<br />
|