|
� � �" ��.�,:.l' ..�-►��. . .. .- ' 1 t_
<br /> - �� - , t � . - . __ '-.Vf:`�-�'.�.
<br /> . . .' i{!M ....... .. ... ..
<br /> = � ..�. .. . � _ .. � .94w �- -� _. _ _ . -T-�-
<br /> �..-�-_ -- - --__ 94 �' : .�� �� _
<br /> 5. He�urd or I�rc�perty Insurnnre. Borrc►wer Fh�U keep the impravements naw exisHng or hereaRer erected an the
<br /> �� Pr+�perly lnsu�ed Aguingt lass by�re,hawrds included within tho term"extended coveruge and nny ather huzar�ds. ittcluding
<br /> ��
<br /> flaoda ar flooding. for which Lender requires insuruncc. This insurunce shull be mulntained in thc�maunts and for the pedods
<br /> thet I.en�er requires.The Insurnnce carrier prcviding the inaurnnee shall be chosen by Harruwer subJect ta l.ender's upprovat
<br /> –`–°"°– whicl��hnil nat t+e unrc�anably withheid. if Barrower fuils ta maintaln covcruge der,cribcd abave, l.ender may. ut Lendcr's
<br /> optian,obtain covernge ta pratect l.ender'F�ightx in the Property In accordunca with pArngrnph 7.
<br /> ' _______ ____ _____ All insurnnce poHcies und mnewuls shull be nccept�+ble to Lender anA shall inciude u Ftanda�ci mnrtgage clnur.c. I.ender
<br /> ahalt have the tight to hold tho policic.w und renewals. If Lender requirex,Banower�hall promptly give ta l.ender all receipts�of f
<br /> �;:'• paid prcmiums and renewal notices. In the event of lass.Harrower s6all give pmmpt natice ta the insurnnce currier und I.ender.
<br /> ��: Lertder muy make proof of loss if not mude promptly by Bormwer.
<br />- , Unless I.ender and Barrower otherwise ugree 1n wdt8ng,insurunce pracceds shull be npplied to restorutfan or repuir of thc
<br /> Property dnmaged. if the mstoration or repair is economically fcusible unJ I.ender'R security is not Icssened. If the restar�tion ar _
<br /> rcpair is not economically f�a�iblc or Lcnder's security would be lessenal. the insurnnce praceeds shall 6e applied ta the sums �
<br /> secured by this Security Instmment, whether or nat then due. with uny excess paid ta Horrawer. If Bormwer nbandana the —
<br /> � { Propeny.ar daes rtot answer withln 30 duyF a notice fram Lender thAt the lnsurance currier ha.v offered to�eltle a claim.then --
<br /> ../,� �3.t� ' Lender may collect the incurence procecds. Lcnder may use the procceds ta repair ar resrorc the Property or ta pay �ums
<br /> � .�. secured by this Secudty dnstrumcnt.whether ar not then due.The 30-day period will begin when the notice is given.
<br /> Unless Lend��and Bonawer atherwise agree in wdting, any applicutton af praceeds to principal shall not extend or ==
<br /> �� � K� �• postpone the duc dute of the monthly payments referred ta in paragraphs l and 2 or change the amaunt af the payments. If
<br /> ' � ''` �-'��__._,�"�:•���=•-• under p�uaersgt�2 t the Pru4�erty ic acquirext by[.ender. Rc�rrower's rIuht to a►y insurance poticles und praceeds resultin3t frorn ____
<br /> �,:���,�,;.�.,,:,;;...�: damage to the Property prior ta the acquisitton shall pass to Lender to the extent of the sums secured by this Securiry Instrument �_
<br /> � �� fmmediately prlar to the acquisitfon. --
<br /> •' 6.Occupancy, Preservation, Maintenance and Protection of the Property;Borrower's Loan Application;I.easeholds.
<br /> ' ��•'}� • Borrower shall occupy,establish,and use the Property as Borrawer's principal residence wIthln sixty days ufter the executlon of
<br /> �.::-.:..',',: .:•'`y"�,. �
<br /> . � this Secudty Instrument and shall continue to occupy the Property as Borrower's princlpal restdence far at Ieust one yeur after
<br /> ' . � the date of accupuncy,unless[.ender otherwise a�rees in writin�, which consent shall not be unreusanably withheld, or unless "4
<br /> ' • , extenuuting circumxtance.c exist which are beyond Borrower's control. HoROwer shall not destroy, damage or impair the
<br /> Property. allow the Propeny to deteriorutc, or commit wnste an thc Propcny. Borrower�hall be in dcfault if any forfciturc
<br /> � action or pmceeding,whether civil or criminal, is be�un thut in I.ender's �ood faith judgment could result in forfeiture of the •Y
<br /> ' ` Propeny or otherwise materiully impair the lien created by this Securjty Inst�ument or Lender's security interest. Barrower may '
<br /> ° " `' cure such a dc!'auli and reinsiatc,as pcuiidcd tn�saragraph t3,by cau�ing the actlon ar proceed�ng so bc dismissed:�iih a nding
<br /> � ' � thnt, !n Lender's�ood faith determinution, precludcs forfeiture of the Borrowcr's intcrest in the Property or other materlal
<br /> . impairment of the lien crcatcd by this Security Instrument or Lender's security interest. Barrower shall also be in default if
<br /> � Honower,dur�ng the loan appiication proccss,guvc mntcrially fulsc or inuccurutc information or stutements to L.ender(or faled
<br /> � � to pravide[.ender wfth any materinl infarn�atfan)in connection with the loan evidenced by the Nate, including, but not limited
<br /> � ,' to. reprcsentutions concerning Borrawer's accupancy cif the Propeny us a principal residence. If this Security Instrument is on a
<br /> leasehold, Borrower shall camply with all tBe provisions of the Ieuse. If Harrower acquires tee title to the Property,the �
<br /> - leasehold and the fee title shall not mcrgc unless L.endcr ttgrecs to the mcrgcr in writing. ,
<br /> � .. 7.Pratectton of I.ender's RIAhRs in the Property.If B��rrower fnils t<>perform the covenants und ugreements containcd in
<br /> - , " � this Security Instrument. ar therc is u legal proceeding thut may significuntly uffect Lendcr's rlghts in the Praperty (such av u
<br />_; proceeding in bankruptcy,probute, for condemnation or forfeiture or to enforce luw�or te�ulations), then I.ender muy do und
<br /> . puy for whatever is necessary tn protect the value of thc Prapeny and[.�:nder'r rights in the Property. Lendcr's actions muy
<br /> r . include pnyin� any cums secured by a licn which has pri��rity over this Sccurity instrument. :sppearing in coun, paying
<br /> , mutionable attarneys•'fces und cntering an the Property to makc rcpairs.Although Lcndcr may take uctiun under thi+purugrnph
<br /> _ .
<br /> 7. Lender dces not have to do sn.
<br /> �� ; .. � � "� Any amounts disbur.�d by Lender under thiz puragruph 7 shull brcome udditional debt af Honowcr secured by this
<br /> " " Security Instrumcnt. Unless Bonower und Lender ugrec to othcr tcrn��of' paymcnt, these umounts shall bear intcrest from the
<br /> � , date of disbursement at the Note rate and shall he puyublc, with interest, upcm natice fr<+m Lendcr to Borrower rcque+ting
<br /> � � -• payment.
<br /> �'� ,� 8.Mort�age Insurance.If Lendcr rcquired nx�rtgugc insurance u+a conditiun of muking thc Ic�an scrured by this Sccurity
<br /> � lnstrument, Bonower shull pay the premium+requiit�ci to maintAin the monguge insurunrr in effert. lf, for uny reusan,the
<br /> ° • mort�age insuruncc coveragc reyuireJ by Lendcr lup,es or ccatics to tx in cffect. &�rru�vcr tihall pay the pmmiunn reyuircd to ,
<br /> � ' , � ,. �� obtain covera�e substantially eyuivulent to the mortgugc imuruncr previously in effect, ut u rost�ubstantinlly eyuivslent to the
<br /> cost to&+rmwer uf the monguge insurunce previously in effect, f'rum un altemate mongugc insurrr•rppraved by Lender. If
<br /> � substantially equivalent rnortgage insurunce covrruge i.nut avuiluhic, Bu�ruNrr,hall p,�y tu Lender each month a sum equal to
<br /> ', one-twelfth of the yearly mortgt�gc insuruncc premiwn being paid by Borrower whcn the in.uruncr rovcragc lap.ed or rensaf t�
<br /> • � be in effect.Lender will uccept.use and retnin theu payment�nx a los� re�erve in licu ��f mortga�c insuruncr. Loss reservc
<br /> %
<br /> �� Form 3028 9I90
<br /> '� vapc d u�o ,
<br /> t �
<br /> - 'ti
<br /> . r �
<br /> .. �,_.__._.-...- �-`-- --.... -. _... . . . .. . . .. . .... _ . .. ., .
<br /> . . . .l , . l . . --7f _ .
<br /> - � _, ' !! . - .
<br /> _
<br /> . .--._ . _ . .... . . . .
<br /> _'—_._. ........ . .
<br /> ` . . .. ..._... . . .. ..._ . .__._
<br /> �� �
<br /> � '. .� '.
<br /> ,�� ' �'_" .. . �
<br /> I �� �- .. - � �
<br /> :I 5'h, •
<br /> � � . ' , . - �
<br /> . � ' �
<br /> ..
<br /> �
<br /> .
<br />
|