|
--�... ._. . . ' ��,_.
<br /> . ww.--T '-i-� -
<br /> .. �.. I •�: .. _--
<br /> �� r'Li h��:S»• —
<br /> _ --
<br /> __..�_�:..�.,.,�,.�. 94.. Y�20S -
<br /> " � ' S.Ha:�rd or Property Ia�unace. Borrower atul7 keap the improvomenU now ezi�tin�ur herafter ereoted on
<br /> -- t}M Proporty itvurod tQaitut to�b�r ttro,haurda ic�cluded wtthin the urm "eYUmded covar�Be"and any othe�haurJe,
<br /> ;ncludin�tloode or tloodin�,for MhIch Lender requiras insunnce. Thie insur�noe elu�li be m�intained in the amnunt�
<br /> and tar the pariods thtt I.ender roqu�ea. 'i'he In�uance curier provtdtn the imunnce ihall be cha�en by }iorrawer
<br /> subject to Lender's approval which ehall not be unrea�ombly wIthheld.If�rrower tail�to maintain wvera�e dac�fbed
<br /> - ,,?�:,_,,, alwve,Lender may.tt Lendac's opdon,obuin oovenYe to proteot Lendor's riQhu in the Propeny in accord��ce�ith
<br /> ' ':r` p�ra�aph 7.
<br /> All inaursnce policies and roneNals sh�il be u�oeptable ta I.ender md ahall include a atand�rd mon�a�e clau�e.
<br /> ;;,'.:�,µ�;.,°' Lectder ahall have the ri�ht tci hold the policiea and ronewaln. It l.ender requiree, Bocrower stull promptly Qive ta � „ __-_.
<br /> ! Lrnder sll cnc�etpta ot pdd promtums and rat►ewal notioea.In the event of loes,Borrower sh�ll Qive prompt notice to the
<br /> ��, ,�� insurance carrier and Lendar.I.ender may mike proof ot loes it not made promptly by Borrower.
<br /> • ;Y' �'�.:.- Unlese I.ender and Borroaer otherwiee��ree In writinQ.inauranoe pnx.beds ehall ba applied ta ra�toration or rcp�ir —
<br /> �.��'-�;;:..._:r �'��' ot the Praperty dam��ad.it the restoration or rep�ir is economic�lly teasible�nd I.ender's eocurity is not le�ssened.If the
<br /> �=::+■'•r;��__��_ restnritto�ar rep�ir is not economically feaeible or I.ender a eocudty aould be leasen�d,tho insursnce pcoceeds sh�ll be
<br /> "�"'�"`'-'-���'^�+T.." spplted to the sums secured by this Security Instrument�whether or not then due,with any excesa paid to Banower.lf _
<br /> - - -�l�,,,. � Hoccoaer abandons the Propercy,or does not anawa within 30 d�ys a notice from I.ender thst the insurance carrier ha.g ___
<br /> •;;t otferod w settic a clum, then T.endec may collect the insuranoe procoede. Lender m�y use the proceods to ceptir or
<br /> �f`�� ceatore th�Prop�rty or to pty sums seaurod by this Soaurity Instrumrnt.�hether or not then due.The 30'day pCriod wili
<br /> � � � be�in wh�n the notice ia given.
<br /> ?� . Unless Londar and Borrower otheraise agree in writing,any application oi proceed.a to principal shall not extend or
<br /> �_�-•.�,�,.,,..:• —__-=--
<br /> , ,�;,s.� poetpone tt►e due dau of the monthly psyments referred to in panQraphs 1 and 2 or chmge the amount of the payments. —_-
<br /> ' � . ,,.� It under pn�taph 21 the Property�a acquired by Lender, Borrower's ri�ht to any insurance policies and proceods � �_
<br /> �;.:'�,:;`��,• ' resultin�from damaEe to tha Propetcy prior to the ncquisition shdl pess to Lrndcr to the eutent of the sums sxured by _ __ ____
<br /> ,' thie Security Instrument immediately pnor to thc acquisition. ----
<br /> s"`1� � 6.Occup�ncy,Preservatton,Mainteaance and Protection ot the Property;Borrower'a Loan Applicatioa;
<br /> Lessaholds. Bonower shall occupy,establish.and use the Property as Borrower s prtnci}xl residence within s�xty days ��
<br /> ' atter the execution of this Security Instrument and ahall continue to occupy the Property as Borrower's principal �•_�±'�� -
<br /> "�•:'• ;' � � residence for at least one year after the date oi cecupancy,unless Lender otherwi�e agcas in writing,which wnsent shall . •?�*-,:_
<br /> � � � not be unreasonably witi►held�or unless e�enuatin�c�rcumstances exist which are beyond Aorrower's control.Bonower �
<br /> ahall not destroy,d4mage or impair the Property,allow the Property to deteriorau,or commit waste on the Property. ��:�+.:c.l:'-
<br /> x:.r �
<br /> Borrower shall be in default if any forleiture action or prceeeding. whether civil or criminal,is beEun that in L.ender's �: �;.:�, �
<br /> •' good fsith judgment could result in focf�iture of the Property or otherwise maurially impair the lien created by this —__
<br /> Security Insirument or I.ender's socurity inurest. Borrower may cure such a default and reinstate, as provided in � .:. .r . �'�
<br /> p�ra�raph 18, by ciusing the actian or roceedin to be dismissed aith a ruling that, in I.ender's Eood faith � j----
<br /> P B . . c'_•,d�'+tn=
<br /> - �=-_--- �` dctcrrninatian,preclud�torfciturt of the Borrower'a inter�t in the ProQerty or other matenal impattment of the lien � d-:
<br /> . created by this Security Instrumentor L.ender's security interest.Barrower shall elso be in default ii Borrower.during F• - � ;,�
<br /> ' the loan application prceess, gave materially false or inaccurate information or statements to Lender (o� failed to �
<br /> f-•,�. ., �
<br /> provide Lender with any maurial intormation)in connection with the loan evidenced by the Note,including, but not �.•�`i:;�` �.`_-
<br /> �: , limited to,representations cancerning$orrower's occupancy of the Property as a principal residence. If this Security - .�.-.
<br /> Instrument is on a leasehold,Borrower shall comply with all the provisions ot the lease.If Aorrower acquires tee title to ,,.�� ;,,�,
<br /> • � the Property.the leasehold and the fce title shall not merge unless I.ender agree.s to the merger in writing. � � ��' � � _
<br /> � 7. Protectioa of Lender s Ri�hts in the Property. If Borrower fails to perform the covenants and agreements
<br /> wntained in this Security Instrument,or there is a legal proceeding that may significantly affect Lender s cights in the �r T�...
<br /> � Propecty (such as a procceding in bankrupuy, probate, for condemnation or forPeiture or to enforce Iaws or ;'' :
<br /> regulations), then Lender may do and pay tor whatever is nece�ary to protect the value of the Property and Ixnder's '
<br /> �� � ,, rights in the Propccty. I.ender's actions may include paying any sums secured by a lien which has pnority over this s,• .�;
<br /> � �� � • Security Instrument,appearing in court,paying reasonable attorneys'feas and entermg on the Property to make repairs. =
<br /> . Although Lender may take action under this paragraph 7,[,ender dces not have to do so, x , '
<br /> Any amounts disbursed by L.ender under this paragraph 7 shall become additional debt of$ottowec secured by this
<br /> ` Security Instrument.Unless Borrower and Lender agree to other terms of payment,these amounts shall bear interest .
<br /> � from the date of disbursement at the Note nte and shall be peyable,with interest,upon notice from I.ender to Borrower :. -
<br /> requesting payment.
<br /> 8. Mort�a�e Insurance.If Lender re�q�ired mortgage insuraace as a condition of making the loan secured by this
<br /> . , Security Instrument,Aorrower shall pay the premiums reyuired to maintein the mortgage insurance in effect.If,for any ,
<br /> • reason, the rnortga�e insurance coverage required by I.ender lapses or ceases to be in effect, Borrower shall pay� the
<br /> • �'. premiums required to obtain coverage substuntially equivalent to the mortgage insurance previously in effect,at a cost �:'
<br /> substentially equivalent to the cost to Borrower of the mortgage insurance pre�•iously in effext, from an alternate ,
<br /> mortgage insorer approved by I.ender. If substantially equi��alent mortgage insurance co��erege is not a�•ailable,
<br /> Borrower shall pay to I.ender each month a sum equal to one-twelfth oi the y�earl�• mortgage insurance premii�m being
<br /> paid by Borrower when the insurance coverage lapsed or ceased to be in effect.I.ender�•ill accept, use and retain thesr
<br /> - � payments as a loss reserve in lieu of mortgage insurance. I.oss reserve payments may nc> longrr he required,
<br /> .�
<br /> � F�t� 302{ !/!0
<br />� . ��BRII�t9103401 Pq�I er 6 I�iN��{�
<br /> ? ..�.
<br /> t
<br /> - 'L• _ . ..... _
<br /> i.� . �__ ..-
<br /> �
<br /> , r.
<br /> {
<br /> 4�
<br /> �
<br /> . . . �.
<br /> 1 ,
<br /> , �.1 . ._ _ .... _ __._ _ _.
<br />
|