|
� ,r�.���1 .;. � 1 •_-.
<br /> 7�
<br /> - _ . .� ..__—_.—___ --.--•f� '_,._�:.--.-.-
<br /> --- .__,___ _- _�,..�► _ pi;Z�9
<br /> 94 1
<br /> S. Hmra or rropesr �..�r,..o.. Aorrowa a�l� i�eep ehe tmproven�aN. now exi�in� a ne�.na enea�ea a,the
<br /> proporty iraurod �{si�i�t loa by firc, haanda included withln �ha tam "eatadad coven�e'and my o�her hwadr. laeludln�
<br /> Aac�or flcu+di�eg,for which Lender roquites inwrurce. Th4 inwr�nce�l�1!be m�intained In the uncwnts end for the p�riods
<br /> thnt l�xkr requires. The insur�noe c�rrier providin�the inwnrwe�hall be ctwun by Borcower wbjea ta Lcnkr'r�pprovd
<br /> which �tull �at be unreawn�bly with}ieW. If Borrower tdls ta rt�afntain cavera�e dacdbed abuve. L.ender may,at Luda's
<br /> oplion.obtdn covera�e to{x�otax[.�nder'�ri�ht�in the Pr�+perty in aomrJ�nca wlth pan�ra�7.
<br /> --� Att i�uurancc polictes and crnewals shnll be ecetptable to Lender at�d �hell include a+tanciard mnrtgege rleaar..Cxnder
<br /> •fall h+�ve the dght to hold the policia ud renewal�. It L,erder roquirca.&►rrower shall PromptlY�ive W L.ender�11 r+eceipu uf
<br /> _ p�id premiums and retnwal notica.In the event of lou.Aorrower ahdl�ive prompt notice to the fnwraice curier�rd Larkr.
<br /> i,ender may rr�ice proof of loss if not m�de promptly by Bom►wer.
<br /> — Unless Ler�der and Borrower oth��vjse a�roe in writin�, inwr�nce proc�ods shsil be appliad to ceawruion or repir af the
<br /> property dsm�ed,if the nstoration or repair is economi�lly fasible and Lender'�:ocurity it rat lasened. If the rrstoruion or .
<br /> rcpair is not ecoswm1ca11y feasible or Lender's aav�ity woukl be las�ened, the insurence pmceede sh�ll be appliod to the wrtts
<br /> sawred by this Saurity In:trument, whether or rat then due.with any excx�s paid to 8urrower. If Bornowcr�tndo�u tbe
<br /> Property,or daes not answer within 30 days a notice fiom Lender ti�t the incuranoe carrier hac offerad W setde�t clalm.then
<br /> [.ender may collect the insuranoe proceeds. L.erder may uc� the procaods to reprir or ratore the PropeRy ar w p�y wms
<br /> -- �curod by this Security Instniment.wheth�r or not then duo.'t':u 34dxy period will begin when the notia is�iven.
<br /> Unles�Lender and Borrower otherwlse agree in wridn�, any appliaulon of proceeda w pdncipal sh�ll aot extend or
<br /> postpone the due dsrte of the monthly p�yments referrod to in paragraphc 1 and 2 or ctw��e the unount of the payments.If
<br /> -�r" under paragraph 21 the Property is�uircx!by I.ender,Borrower's rl�ht w su�y j�uurance poltci�s nnd procceds re.sWting from
<br /> - damage to the Property prior to the aequisition ctwll pacs to Lender to the extent of the wmc soeurod by this Seeur�ry Inctrumnt
<br /> � immediately pr�or w thc acquisition.
<br /> 6.Occupaacy,Preservatiod,MpiutenAnce and Protectbn of the Property;Borrower's Lot�n Applicatton;Lea�eholdc.
<br /> ' Borrower shall occupy,e.ctablish,and use the Propecty as Horcower's principal residenee within sixty days aRer the execution of
<br /> this Sccurity Instrument and sliall continue to occupy the Property as Borrowar's p�incipai residena for at least one yeu nfter
<br /> the date of occupancy.unless Lender otherwi.ce agras in writing. which consent shatl not be unreasonably withheid. or unless
<br /> extenuating circumstances exjst which are beyond Borrower's control. Borrower stwll not dwtroy. dunage or imp�ir the
<br /> ° � Property. allow the Properry to deteriorate. or commit weste an the Property. Borrower shall be in dcfault if any forfeiturc
<br /> ` ectlon or procceding, whether civll or criminat, is begun that in Lender's gaod faith judgment could result in forfeiturc of the
<br />- - � ���. Property ar otherwise materially impair the lien creatal by this Security Instrumcnt or Lender's security intemst. Horrower may
<br /> - , , ' cu��uci�a drf�uit a�i.reinstate.as pravidccl in�aragr�sh 38, by ransing thc aci�oa ar procer�ing io b�dism�s�cx!�3i�s a rnliag
<br /> •` ,`."�� that, in I.cnder's gaxf faith determination, precludes forfeiture of the Borrower's interest in the P�operty or ather rtwtedal
<br /> t. . .. � v:.. . .
<br /> :�r':,�=, . ...�• �, '' impairment of the lien eteated by this Security Instrument or l.ender's security interest. Borrower shall also be in default if
<br /> ��f`''�' ' Borrower,dur�ng the loan application process,gave matertally felse or Inaccurate inforniation or statements to Lender (or failod
<br /> , - to provlde Lender with any material lnformation>in connection with the loan evidenced by the Note, including,but not limited
<br /> •• . " to,representutions concerning Borrower's occupancy of the Property ns a principal residence.If this Security Instrument is on a
<br />— � leasehold, Bonower shall comply with all the provisions of the tease. If Borrower acquires fee title to the Property. the
<br /> ' � leasehold und the fcc title shatl not mergc unless I.ender agrees to the merger in writing.
<br /> - � " , 7.Protection of l,ender's Rights in the Property.If Bonower fails to perform the covenants und agretments contained in —
<br /> -- • this Security Instrument, or there is a lega! procecding that may significandy affcct Lender's rights in the Property (such as� -
<br /> -- proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce luws or regulations).ttien I.ender may do a��d
<br /> -��`� pay for whatever is nccessary to protcct thc value of the Property and Lender's rights in the Property.Lender's actions may _
<br /> include puying any sums secured by n lien which has priority over this Security Instrument, appearing in court,paying
<br /> , , reasonable attomeys' fecs and entcring on thc Prapeny to meke repuin. Although Lender may takc action under this partigraph =
<br /> � 7,I.ender d�xs not have to do so. _
<br /> Any amouats disbur.ced by Lcnder undcr this paragivph 7 shall become additional dcbt of Borrower secured by this _
<br /> � ' Security lnstrument. Unless Borcowcr and Lendcr agrec to othcr tcrms of payment, these amounts tihAll bcar intcrest from the
<br /> ' datc of disburscment :�t thc 1Votc r�tc and shall be payublc, with intcrest, upon notice from Lender to Borrower requesting
<br /> payment. —
<br /> • S.Mortgafie Itnurance. If C.endcr required mortguge insurunce as a condition of muking the loan secured by this Security
<br /> lnstrument, k3orrowcr shall pay the premiums required to muimain thc mortguge insur;�ncc in effcct. If, for any rea�on, the —
<br /> � •+ mortgage insurance cnveruge reyuired by Lender lapses o�•ceu,ex ta he in effect. Borruwer shall pay the premiums required to
<br /> � obtain coverage substantially rquivule�u tu the mortgage insurancr previ�wsly in cl'fcct,at a wst subtitaatially eyuivalent to the —
<br /> ' co�t to Fiorrower of the m��rtgagr in,uranrr prcviou�ly in cffect, tiom an altematc mortgagc in�urer Uppmved by Lcndcr. If �
<br /> -• . �ubstantially equivalrnt mortgage insurunrr rovrra�e i�not av:�ilablc,B��rrowcr shall pay to I..ender carh month u sum cqual to —
<br /> : . i • � one-twclfth of thc yearly mort�agc inxuranrc premium hcing paiJ by Burrowrr whcn thc insurancr c��vcraEc lap.�ed or ccati.xi to �
<br /> c � • be in effect. Lender will uccept,we and retsin thc.e payment.u� a lo+s reserve in lieu of mc�rtgage insurunee. Loss reserve
<br /> ' Form 3018 8190 —
<br /> . � . vp.3o18 Y
<br /> � �
<br /> �
<br /> f . _:-1ey•�W�i'r,1�6�' '
<br /> ��.__.__ .
<br /> _ � . - . ..- ,-- - _- .
<br /> , Y
<br /> f
<br /> 1
<br /> .. ti
<br /> � ��
<br /> r
<br /> `s
<br /> ' ?
<br /> , _ • � .
<br /> . .
<br /> _ �
<br /> � _
<br />
|