|
_i —'T� -� �� ' __
<br /> -��"-i . " � - ^ �_
<br /> ,.:. ..�
<br /> .- _ . . .. _
<br /> —. < < .. ,. ; .. `"
<br /> ���__.� �- _ ;� _ : .` . . , _ ^ ( . . �4_� - � . . . � .
<br /> . Oa4�54
<br /> s.H�e+i or�e�eet' t,wra�oe. 8oerower sh�it l�a�p tLe in�eu�m�now a�as a 5eoe.tEer erayed aa die
<br /> . piopaty�imared ag�u�t las by fira.b�rards iaduded witbia tbe te+m;eueoded coven�e��nd-anY dha'6�d�.iec�dia�
<br /> tloods or tlooding,fa which l�eader nequires ias�u�oa.11iis iasunox a6di 6e m�intaimd ia the aanou�xs atd!or We perii�
<br /> - .d�t I�ende��nquites.Tbe inwraooa aufier providic�g We ia�u�i�ce sh�U 6e ctwse�by Hornawa subjeet to I�enda's approv�l
<br /> � � . whicli ahai!not bc uma�orobty withheld. If Ho�o�wa fu'Is to mwtatsin aoveage d�scribcd a6ove. l.eader rt►sY,g i.ender's
<br /> option;obt�tin wveragc to pmtect I�eoder's rights in the PropdRy it►acoordat�ee with paragr+ph 7. • . .
<br /> . All iativtance policies and miewats s3vU be a�oept�bk tQ i.mder aM sh�ll include a stand�rd motttgage ctwse. Lajder ,
<br /> smil tnve tbc right w 6o1d!!a palieic4 a�!�eaecYals.lf Lade�r ibQuiras.8omawer s6�1!ys'nmptly give to I�a�der a11 ceoeipts of . . ..
<br /> paid�emiaa�s and ztn�wil notices.in t6e ave�t of tosc,Bnrrnwer shW g'�ve Prompt natia w t6e insuiance ex�rier�nd i�ender.
<br /> Lp�der msy matce prunf of loss if mt m�de p�omptty by Bonower.
<br /> Udess l.eoderand Bor�ower otherwise sgroe in writiag,insunmoe p�s sf�II be�pplied to trstoratioa or ce�sir of tlte
<br /> Pmptrty d�msged,if tbe tator�ion or rq�air is cc000micalIy feu�'bie aod I.enda's sewrity is not ksseaed.If the nstoration or
<br /> np�ir is not e0000mically feasiblt or Leader's seCUtity wonW be!�,the inturu�ce ptaxeds stn1l 6e spplied w the sams
<br /> seaiod by this Sxurity T�rumeat..whed�e�r or mt thea due,with any eacess paid w Bon�vet.If Boriower abandoits the
<br /> � Prupeny.or does oa�uru within'.{Q.�ys a aotis�fmm Lender tbat tLe insurux:k sa�rfnc lias offe�tu settle a claim�.thea
<br />-= Lender may colloct the�ran�Pr�oceads T:�er may use the prooeeds w Kpair a�r�ncz ti�Ptopa�ty or w pay auas
<br /> _= savred 6y this Socnrity Zast�m�w�ar unt tlien due:.T'he 3D-dag peria�vve�I begin vvhiai the n�ioe is givea.
<br /> - . Untess I.mdet amd;Banovaer ahetwise a�gt�ec sn writing.anY app[iWtion of pznoeads to priocipaE s[�a!! not extead or •
<br /> - postpone the dae date of th�moathly payments nforrod,to ia pazagrapbs 1 and 2 or eis�nge the arn�t of the paymenls. If
<br /> tmder pardg�aph 21 the E?tvpaty's acqui�d by Le�er.Hotmv�s right to any�insuranoe pollcks and pra�eods r�ing from
<br />� _ damage to tUe Pcapect�prior to tl�acquisi6on shall pass ta leod�to the extmt of the sums soau+ed try t6is Saucity:Iu�tament
<br />. _ inwiediatetyprioctocfieaequisirion. . , ' . >� .�.�� . : " :. . •'.. ::`:�:�:-"�..... .. ..
<br /> _ 6.Oecop�ncy,Ptrsara�on,Msi�easnce and A+utectbn oi tbe Pk�upa�ty:Boreowa's I.o�s Applii`iuHe��[,a�eiotds.
<br /> Bocrower shal!occupy,establish.and use the Ptuperty as Boaower's principal resida�ce withip sixty days after the eaec�tiare of
<br /> ttis Socarity Insttument and shall oantinne to owupy the�roperty as Bamawer's principa!residence for at least ooe yeai at�er —
<br /> tl�e date o€occupanc.y.nnless I.ender otherwise agrees in a+ritiag,which oonsent shall apt i�c unreasonably withbeld.or unit�s —
<br /> �..�.a � :� � ��� exte�cireum�uaaoGS eaist w6ich ar�c fieyo�d Borrower�s conuol. Borrower si�ali�not destmp,,adamage or imp�it the =
<br /> ���i ` Property aliow t6e P¢operty to deteriorate,or commit aacte on tt�e Prope�ty. Bor[ower shall be i'n'tt�lt if any forfeiture -
<br /> ;=�'�'�'�;.� ' _—
<br /> _••.,�.y r�,. action or proceediag,whether civil or crimina�,is begun that in Lender's good faith judgment coWd'�Lt ia forfeitiue of tUe =- -
<br /> .,��.; .',"- ,s:{;; Proper�y or othera-"sse materially impair the lien created by this Security Insuuwent or I.eader's security iiiteres�.Borrower may F,-
<br /> _ ,�_`��`�::;. 'r cure sac[a a defautc a�3 re}nstate,as provided in par"agraPb 18.by causing the ardon or proceeding to be dismissed with a mling ==_-
<br />. .�Y!J.�• -
<br /> �t�'fi:'�;��.''. tt�at. in Lender's�.faith deterntination, precludes forfeiture of the Borrower's interest in the Property or other materia!
<br /> Rr�'�`���'•�} impairment of the 4rar.created by this Security Inatument or I.ender's sec�rity iaterest. Borcower shai9 also 6e in defaWt if
<br /> � °��:�.'..f`' .:: � Horcower.during t�ie loan applicallon proocss,gave materially false or ina�aie information or state:ae�ts to Lendcr(or faiJed
<br /> :�=�"=#~":=Fy�:�:`; to provide I,ender with any material infom�atian}in conneetion with the lo�s evidenced by the Note.inctading,but not limited
<br /> _ .-`� .• ....:,;;: ., . : to.reP�sEntat�ions conceming Bozcower's oocupancy of the P�y.as a princiPal resideuce_.If this Secarity Insuumenrt as on a ==°
<br /> • "� . , leasehoi�, Borrower sha11 wmp9y with all the provisions of e����:.�_ �f$orrower aoqu"rres fee title to the PropesEy. the �r.:A
<br /> :'-:. ' -..,.. teasehotd and the fee tia2e shall not merge unless I.ender agrees to the iDe:g�:�writing. ' `�'.
<br /> . � 7.Protectioa oP Lende�'s Rights in tlre Pmperty.If Borrower fails��perform the covenants and��,*_cceeements contained in -
<br /> �. • this Se�urity Insuument,or there is a legal proceeding that may signific�tly affect Lender's rights in tlie Property(such as a �
<br /> ; ':�•.� ''. .ptoceeditfg in bankruptcy,probate.for condemnarion or forfeiture or to enforce laws or regulations).then I.ender may do and -_
<br /> ``�'� . ' : pay fos w3�atever is necessary to protect the value of the Pro,�erty and Lender's rights in the Property. Lender's actions ruay --
<br /> •� � • ' • include pa}�ng am sums secured by a lien which has priarity over this Security lastrument, appearing in court, paying
<br /> ._ ,�: . ::
<br /> -.''�,:.,.. ' ' . � reasona6le atcomeys'ff�es and entering on the Property to make repairs.Although I.ender may take action under this paragraph • -_
<br /> �; �.
<br /> � ' .' �' . . � ?,Lendes does not 3�a��e to do so. ,
<br /> � - � •- ' `` �-� An3�amounts disbutsed by �.ender under this paragrapfi 7 shalf become additional debt of Borrower secured by this ' � a
<br /> '"!• `. : ,`�'; Secunc,r�T�sstnament. Unless Bor�m�•sr and Lender agree to other ternu of payment,these amounts shall bear interest from the • � � `
<br /> .�'�?�.•;?'�::.��;, • .
<br /> '�`•``�``��%-�'��'�'�'�� date of d�sburser.:e:n4 Zt t�e Note'rate and shall be payable, with interest. upon notice from [.ender to Borrower requating � �
<br /> ' ;.Y[��:. � , , . "1`
<br /> _ � Y.ri� '.'."�. � DaYment. -
<br /> • 8.:4lq�tgage Imsroar�nce.If Lender required mortgage insurance as a candition of making the Ioan secured by this Security
<br /> ��:
<br /> �= -�:. ,.'' Inuret�e�. Borrower shatl pay the premiums required to maintain the mortgage insurance in effect. If. for any reason. the ?,
<br /> �• '���°�_•' �. mortg��?nsurance ooverage required by Lender lapses or ceases to be in effect,Borrawcr sMall pay ti�e premiums rc�,aired,to , , °
<br /> . � '-:,
<br /> ���``�-. �' obtain�►•erage substantially equivalent to the mortgage insuranrc previously in eifect,at a cost substantially equivalcni ro,the. --
<br /> - :�:�'•' • cost to Borrower of the mortgage insuras�ce previously in effect. from an altemate mort�age insurer approved by l.ender. If
<br /> �'�� ,r • � •��` substantially equivalent mortgage insurancc coverage is not available.Borrower shall pay to l.ender each month a sum equal to
<br /> '���""��"�."-' � ' one-twel.fth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to
<br /> °i:•�i�Gt .`.�; .
<br /> ';���:��1.�h.A be in et��.lxnder will accept,use and retain thesc paym�mts as a toss reservc in lieu of mortgage insuratxe. Loss reserve i',•f,.
<br /> `�� j�;: •- . .
<br /> _ ;;,,� form 3028 9/90 ', �Y:.
<br /> - � Page3at8 �, �. .
<br /> . �� . .
<br /> �� � . c, . . ' . , � . � .
<br /> -— • . ' • . , . . ��
<br /> . •. , r "_
<br /> F.4 .. ��..' . _..._. � - . . . �,�!'4,' • ,��i j.V�. . .
<br /> 1
<br /> x�.��Eht T��. , • il '4� �', w�. ir,:;+�a �'�i
<br /> ax:.�., . r Lr '� � at�� � •j�f � '�l .
<br /> �--�� .�. .. . --. .. . . �...... jr ..} �i �1s!���� 1i,� t ' ' . _
<br /> '"i-" .s a., aa:ir, � LC.4._ ::�+45•,.
<br /> �.p �fa.?" y.
<br /> tT�� r .I�:�;' ,
<br /> � s'-..� __' . . . ' - . .. " _, ' . � .. .. .r ' � _ . .. .��Vr�ij!-'�. ' . . • . ' �
<br /> �.��%""'4i�`;(" .' . . . . _� . . . ' -...'�a.('Ti' a;,xn`f.4.'= . " ' ' '_
<br /> _ _' ' • .3._:... �. . -i
<br /> . . . . . ''�tY ��:,: +. . ._
<br /> .''��'Y •`:7 '•' _ . . ' '�'v__yr a_ �.��: „ _ . . ' '
<br /> --if✓.��..-�__> .. . . . . : a • _-. -.�i�,`1t_ . Kc� •�j_ _._ ' . . . . .
<br />
|