|
_=.. .
<br /> � . . .j .... . .. . ., :.. --
<br /> �s� - . - � _
<br />.- ,.�- -- ,
<br /> - �_ .�_� .
<br /> _ � _ - s_. - - -
<br /> . --° -_-- _, � -_..- _ . .- - =� --. . _ — .
<br /> - 3: R�i a �Su�ra�ca Bo�u�a�Ii foxP.the imPmvemeats noRV�br�e�ao.ths ,
<br /> i'ropRty iraveed�Ims bY fm�hamds induded witl�u4 t6t tecm'exuade�cwa�'a o d aay o t 6 a 6 a a e d�► i a o l d j� -
<br />. .tloods c�r.tloodioE,for vrfiich Lenda�equites in�raooe.7'6is i�r�oo�e af�alE be msintained in the amoun�s�far t6e petiotl�
<br /> � E�t Lmder i+equires_T6e iasunuwx carrier pmviding t6e ias�uaaCe sbati ba chosen 6y Boncnwer su6ject tn.lta�det's�pprovtl
<br /> � wLich si�all aot be n�asonably withheId.If Honowa fu'Is w mpi�tain oove�ge descn'bed abova.l.�ender may.�E 1Red�r's .
<br /> optian,o6ta�oovaage to pintect L,endePs rights in the Pn�erty in accotdu�with pacsgcap6 7. �
<br /> , Alt ins�u�noe policies aod�wa1s shall be acceptable to L�endcr aad s1�11 includc a st�nd�rd mortgige clause. Lenckr
<br /> ° shall bsve the rigM to hotd the poliaes and remwals.If L�nder Rquins.Bpmawa shall pmnrptty give w l.ender all traipts ot �
<br /> paid pnemiarns aud m��w�l nocias.In thG t�rent of Ioss,Bonn�+ar shall give grampt mti�m tLe insut�nce c�;riea md l�ldet.
<br /> L,wder may malct prc�of of loss if not made gmm�ptly by Banowex. ' '
<br /> Untess ireader aad Bonnwer qtLerwise agree in writing,in�*��pmaods si�ali be applied ta nstoration or aprir of trie
<br /> P�opecty d�maged,if the�storac�oa or rq�air is eeonomically feasi'ble a�I,aader's secu►ity is not lessened.If the re.uor�tlon�x
<br /> npsir is noE eoonomicariy f��.�or,I.eq�s security woutd be tessenod.the inwrtn�x proceeds stnfl be appfied ta the su�r
<br /> �t+Y����Y��:ar mt then due, witb aay exoess patd w Boaower. If Borrawer a6orwlo�m the
<br /> �P�Y•�'�4����'����'?��?'�?s.a�oti�e from Txnder that the insura�oce cania has offered to s�tte a ctslta,tkn �
<br /> i,es�dgr may�va':�cF`'il���p�oce'azs�_��.`s�a���:;tC�.pFacxeds w repair<c�r restore the Properry or tu p�y aums�
<br /> '�'s��by 8ris S�carity Iast�a?�i,wdether��t,���:�e.30rday period wiil begi�t wixn the notia is given.
<br /> '�:'•:f3nless:Le+pder and Horrower otbc:vr?,���e:�`���si�=ag�licatioa of procads ta pdt�ctpat shall not eatend br,�
<br /> piiuiipone the�.date of the monthly p-.��a�ts Rf�.�i�:g�graphs 1 and 2 or changa the amount of the PaytlteMS.if�
<br /> under p�agia��';the Pto,pertS!is xqu;.-i�c��3.iy Lender,:�arrawer"s;�t to auy insurance poticies and pracYOds�esuttit�g.fiom .
<br /> • damage W tl�c 4?tv�petq!�su4aicr:c�aoclq��n sirail p��tu��er tn�be extent of the sums sect¢o�by this Secarity ir�trua�t
<br /> immediatety p�io�$s�����s:, °' -;��:,�:. ; ;
<br /> � �. 6.Qrcup�ei.�:�l�s�@ce�a`d Pi+,ut�ctioa,c�t6e�iopaty:Borrewe�s Le�n AB�tioo;La�holdr•
<br /> Boaov+er s6a11 Qoc�i�p;_�:�,'a'nd use f�r�opertY as Horcavccz's p�icipai nsidedce wittdn siaty daya aRu the eacocution af
<br /> dris Searrity I�f���oonts�ie=A�`occupY the p+nPenY as liarrpwer's principal residenca fcsr�at teast oae year after _
<br /> tfx date of o�aney. •��s L,.�der otheiwise agroes in�wrip�ag.wb4eli consent shall aot 6e untrasonabi}r withhcld, or unless '
<br /> extrnuadng cimumsianaes�::e�4t'which are beyoM Bormwer's control. Bormwer sGall nat destroy, damage or imp�ir the
<br /> P�sopeity,allQV�,�lie'-Properz�o deteriorate,or commit wagte on the Property.Borrowu shall ba in defautt if any forfeipue
<br /> aaron or p��ig,whetl�ei civil or criminal,is begi�n that in i.ender's good faith judgarent ooutd�-result in fnrfeitun of the
<br /> � Pcoperty or�ise mate,rialty impair the lien created by Wis 5ecvrity Instrumeat or Lender's secueity intercst. Borrower rtiay
<br /> cure suc6`a.�a�It and rei�ate.as provided in paragraph.l8.by causing the action or proceeding to be dismissed with a ruling
<br /> t�; in l:e�hder's goodt��.*a'�determination, precludes fasfeuuze of the Borrower's interest in the Property or other material ' .
<br /> • ir..�aim�ent of the iien cra'�d by thls 5ecurity Instrucsnent os Lender's security interest.Borrower shall also be in default if
<br /> Borrower.duri�g iHe loan��icatlon process.gave matcr�aliy faise or iaaccurate information or stauments to Lender(or failed ;
<br /> _ ta pio�ide Le���th �ratecial infom�ation)in connectloa��fre to�a evidenced by the Plote.including,but not limited
<br /> �.•:
<br /> -� tfl;represeataul:��F�CSrrower's occapan�y,of the Ptoperiy:as�a:�iiincigaUresidence.If this Savrity Imtrument is o�a
<br /> �easehold, Bomower sha[� a�:-r�s:y witb alt the provisions of.the lease. If Bondvv�r�acquires fee_title to�the Property. the
<br /> ' lease�old and the fee tit(e stirlb uot merge unless Lender agees to the merger in writiag.
<br /> 7.Prota�og ot l.ende�'s Rights in the Prope�rty.If Borrower fails to perform the cavenanb�artd agreem�mts oontatned in -
<br /> tbis Securiry Instrament.or there is a le�ai proceeding that may significantly affect Lendec's'righrs�in the Property(such as a
<br /> proceeding in bankruptcy,probate, for candemnation ar forfeiture or to enforce Iaws or•re�µ►ations).then Lender m�y do and
<br /> pay for whatever is ne�essary w protect the value of the Property and I.e�er's rights�ito4he Ptoperty. I.ender's actions may
<br /> . iaclude paying any sums secured by a lien which has priority over this Security Instrument, appeating in caurt. paying
<br /> reasonable attomeys'fees and entering on the Property ca make rep�irs:•Although Lender may take action under this par�graph _
<br /> 7.Lender daes nat have to do so. . �
<br /> Any amouats dfisbursed by Ltmder ur_der this para;raph 7 sfial@�becomis additianal debt of Barrower secured by this
<br /> Sxuriry Instruscent. llnless Bc�:aower sind l.ender agree to other tecros�of+payment.a•these amouats shall bear interest from the
<br /> date vf disDursement at the Noie rate and shall be payable, with interest.�upon�natire from Lender to Borrower requesting
<br /> PaYmem• .
<br /> S.Mortgage Insurance.if l,ender required mortgage insurana�ac�condicion ot making the loan secured by this Socurity
<br /> Insirument. Boarawer shaU pay the premiums required to maintain th�mortgage insnrance in effect. If. for any reason. the
<br /> mottgage insnrance�overa�e required by Lender Iapses or ceases to be in effect.Borrawer shall pay tfie premiums required to
<br /> obtain wverage substantially equivaleni to the martgage ansnrance previously'in effecc,at a wst substantially equivalent to the
<br /> cost W Boaower of the mor�gage lnsurance previousTy in effect. fram an altemate.mortgage insurer appraved by Lender. If
<br /> substantially equivalent mortgagc insujance coverage is not availabte,Borrower shall pay to Lender each month a sum equal to
<br /> . one-twelfth of td►e yearly mortgage insurance premium being paid by&mower when the insurance coverage lapsed or ceased to
<br /> be in effect.Lender wilt accept,use and retain these paymenta as�a ta�s reserve in i4eu af mortgage insurance. Loss reserve
<br /> r•onn 302a s/90
<br /> , , . r�quaoea
<br /> -- =T 1! 1 *'��7. �I°�`L�t��-?��l��',�?.a --r-y.__ -- _-- ' '
<br /> � y� y �.,,y �� y
<br /> '-�r�._`,.��� �LY��l�S�11`��ty.�f'.�".^�_'SISW.. '� '—'
<br /> .____—__— yn;i"�-.;S--v-c v�:' — _ __—_ _
<br /> __—'- _`C: _ — '— ...._-trra .. X:..,t �3'.r?'qf�'T•'" ':-+...r:�...�, r. .°.
<br /> : .,»... . . � . ��:.c.. . . . .. �.. a..�.°:..0` '�:.� ' T .. ..+'r. �_ , �
<br />
|