|
� ; __W.. . � ., . . . .. : _
<br /> _ �_ _ .
<br /> __ _._ � ..«:... . .
<br /> -- __ _ _... . . .. • _ _- -
<br /> — ,_._..�.__._�. .._..-----� _—.—.�-----�,�__-------- - -
<br /> -----� -- -�s ,�..._.. . _
<br /> � i- -�...�-.,._ ... . -�
<br /> . _�.I. ��hr�....i.'...�.•�9v. .,. . ,. �' � ;�';_ _
<br /> . �. i Itai � -. • ,� , ' .. _ . 'r�� -
<br /> —
<br /> . ' . ° � � l•P-°f`a '.'—"" -.._-.. . . .._.
<br /> � ., .. '... . .� . � �.. ._�.�--�.o,_ _. _ ..
<br /> , .... �_...............��.......—.�.__ _' __.__ e..�..�_.7.._._.."__'__ Yr".'i'%ri� . .._v: '. � . .
<br /> _._. .. -� ------
<br /> — ---
<br />— _.�.,�. � � . �94- 10�� —
<br /> s . • �_ —�—
<br /> � �, f[eeara ar Proporty Ineurmce. Aorrowe�r ehall keep tRe impravemente now axIsttng or hareatter nreated on --::���::•4�,�_ -:--
<br /> �°r'�'�'� ��� �. ` ' tho�'r��rty insu�d agr�In.nt!a,�by tir� ha�.�rdn inaluded svlthin the term "eztended cavera�e"and any other haznrda, '�'"'�'""���'° --9�
<br /> . � � inoludina flaada ar flasdina,tur whioh�.ender rer�uirra Insuranco. Thie lnsurance ehell be maintained in tha amaunte �� °� ����- :�-.
<br /> 1 :��M� �nd tur eho �Iade thtt l.ander ra ulres. The ineurance carrier rovidin the ins�iranca sheU be chosen b Borrower �-�-`u'`�`
<br /> ' ,��.u7:�,. , P� q P � Y �� _•t ...°-:�;;__-
<br /> ; ,� ��,:•.E�:�.� .: ��w eufijaot tu l.onde�'8 tppraval whioh ehdl nat bo unteaaonebly withheld.Ii Narrower faits to maintain covarage desaeibed ..°;,,'r�:�.
<br /> .,,. ,.r,°R., . ��� abavo, l.ander m�y, et I.cndec'A aptlan,abtain coverage to prauot Wnder's dghta in the Proporty in accordance�vIth ,.,-.""'s:
<br /> �,:.':•�-W
<br /> "�;���+;,,��.�, par��raph 7. -
<br />- ��s � �'� `° All insurance pollcles end nnewels shall bo accaptable to I.ender and aha11 inalude a standerd mortgage alause. ," �'�" _
<br /> �• �., � I.endet shall hsve the rl t to hold the pollaies and ronewals. It 1..endetrequlres, Honowar shal! pramptly give to " '.:. ,y:��
<br /> - ` ,�':�•~�i•`'� '� ���+ � l.ender atl receipte oipai�pranniums and ronewel notices.In the event oi loss,Honowor shei!give prompt notice to the � "``��;=',_�
<br /> . indurance cacrler and Lender.Lertder m�y mnka proot of losa ii not mada pmmptly by�orrower. � „ ,
<br /> ��.:, �� • Unless Lender and Borrower otherafse ngeea in wdting,insurance procoeds ehall bo applied to restoratton or ropair " " �
<br /> `a o4 the Ptoperty►demsgcd,It the csatoratton ar ropa�r is economicelly feasible and I.endor's seaudty Is not lessened. Ii tha •
<br /> rastoratton or cepatr is not econoenioally feasIble or Lender'R secudty would be lessened,the tnsuranca proceede ahalt be -�
<br /> „ applted to the suma secured by thia Secudty Instrument,whether�r not thendue,with eny exceas paid w�orrower. If , . • ,. `�
<br /> � ' ,. Borrower abandans the Property,or doea not anawer wlthin 30 days e nottce irom Leadar that tha insurance cerrier has ' ---
<br /> � oi[ered w settle a claim,then Lander may colloct tha tnaurance proceede. Lender may use th� procceda w repair or ;�,.;
<br /> ;� �, �� restore the Property or w pay suma seaured by this Se�urtty Instrument�whether or not then due.The 30-day pedod will „ , •'T�
<br /> . beg�n when the nottce is gtven. �
<br /> Unlesa Le7tder and Bonower othernIse agree ia ariting,any ap�ltcation oi proceeds to prIncipal shall not extend or , •�t
<br /> poae the due dats oi the monthly payments c+efernd to in paragropha 1 and 2 ot chenge tha amount of the paymente. �
<br /> . f ander paragraph 21 tha Property is acquired by Lander, Bonower's ri�ht to any tns�nance poliales and p�ds , :: "_ `�-_-
<br /> - ------ - r��-utttng fram dsmege Lo ihe Fyro�rty�rior to the ecqul�t�ott ehell gec�m I�r4der tn rhR evtent ef the sums secured by _ ,_ •� -=-_
<br /> this SecurIty Inettument immediately prior w tha acquieitIon. ( .. `�•.; • ```�
<br /> ., . 6.Occupsacy. Preservation.Maiatensnce sad Proteetioa o!tho Property;Borrower's Loan Application;
<br /> Lwsebolde.Borrower ahall occu�y.estsblieh,and use the Property es Borrower's principal residenca aithin slxty days � ,. _-
<br /> � after tha executton ot thia Secunty Instrument and ahell continue to ocaupy the Proparty ea Barcower's princlpal
<br /> -� residence for at teast one year attor the date ot occupancy,unless Lender othernisa agre�s in wrIting,which consent ehall �,� .�
<br /> , not be unreasonably withheld,or unless extenuating dreumstances exist ahich ara beyond Borrower's control.Bonower �� ,
<br /> ehall not deatroy,damage or impair tha Property,sllow the Pcoperty to dateriorate,or commit waste on the Property. ,�. �;.�;"Y:�,
<br /> " Borrower aheil ba in default it any forteitura actton or proceEding, whethar civil or criminal.ie hegun that in Lender's ` ,�,�.�,.�--
<br /> good fatth judgment could r�ult in forteiture of the Property or otherwise matorIally impalr the lien created by this � .b-= _
<br /> Security Inatrument or Lender's securicy interest. Borrower may cure such a default and reinstate, es provided in ;'.'�"" •t,
<br /> !---__.._—____ paragraph 18, by csusing the eation or ptoce�l�ng to be dismissed with a ruling that, �n Lender s ood faith •• "
<br /> --- � � $ _:_:_. _ ,�;�._�
<br /> determination�precludes furfeiture of the Borrower's interest in the Property or other aaeteriel impairment ot the iien .fr• •�� -
<br /> created by thts SecurIty Inatrumant or Lender's seaurity tnterest.Bonoaer shall also be tn default if Borrower,during 1' .,�t y
<br /> the loan application process, gave matarialty false or inaccurate intormatIon or statements to Lender (or tailed to - F._
<br /> provide Lender with any meterial intormation)In connection wlth the loan avidenced by the Note,including,but not �'`.�
<br /> ' � limited to, representatlons wncerning Borrower's occupancy of the Propetty as a principal residenca.1f this Security � ���: �
<br /> �� Inatrument ts on a leasehold,Borrower ehall comply with sll the provisions ot tho lease.If Bonower acquires feE title to , . . y.
<br /> the Property,the leasahold and the fee title shall not merge unless Lender agrees to the merger in writing. z F•<
<br /> �, 7. Protectioa of Lender's Rights in the Property.If Borroaor fatla to pertorm the covenants and agceements �."%!
<br /> contaiaed in thia Security Instrument,ar there is a legal proceeding that may significantly afiect Lendet's righta in the /`��
<br /> " � ' Property (such na a proceeding in bankruptcy. probate, for condemnation or forteiture or to entorce laws ar
<br /> ' regulatione),then Lender mey do and pay for whatever is necessary to protect the value of the Property and Lender s '
<br /> dghte in the Property. I.ender's actions may include paying any sums se�ured by a lien ahich has pnority over this • '�� �_;
<br /> Security Instrument�appesring in court,paying reasonable attorneys'fces and entering on the Property to make repairs. � ,c,,�j
<br /> �� Althou gh Lettdec ros y teke action under this paca gra ph 7,L.ender does not have to do so. ; ;.;�.,•' �
<br /> • Any amounta diebursed by Lender under this paragraph 7 ahall become additional debt o f B orrower secur e d by t his !�
<br /> Securlty Instrument.Untess Borrower and I.ender agree to other terms of psyment,these amounts shall bear interest � ��.;
<br /> from the date Qf disbursement at the Note rate and shall be payabte.with interest,upon notice from Lender to Borrower � . ,�:
<br /> roq�esting payment. � '��
<br /> . „ 8. Mortgage Iasurance. If Lender required mortgage insurence rss a condition of making the loan secured by this ! l.�.3
<br /> Security Instrument.Borrower shell pay the premiums required to maintain the mortgage insurance in etfect.It,tor any
<br /> � reason, the mortgage insurence coverage required by Lender lapses or ceases to be in etfect, gorcower shall pay the
<br /> premiums required to obtain coverage substentially equivatent to the mortgage insurance previously in effect,at a cost � �;
<br /> ' substantially equivalent to the cost to Borrawer oi the mortgage insurance previously in effect, irom an altemate
<br /> � mortgage inaurer approved by Lender. If substantially equivalent mortgege insurance covetage is not available,
<br /> Borcowet shall psy to Lender each month a sum equal to one-twelfth of the yextly mortgage insurance premium being � '
<br /> paid by Borrower when the insurance covecage lapsed or ceased to be in effect.I.ender will accept, use and retain these
<br /> payments es a loss reserve in lieu of mortgage insurance. Loss reserve payments may no longer be required, ,,
<br /> Hrm 9028 8/90
<br /> . ��gR(Npt9106101 Pp�1 e1 6 itlitllll:
<br /> , •� , �• �i � , .
<br /> , � •
<br /> t „ -
<br /> �
<br /> �4
<br /> i .
<br /> �
<br /> '� ,.
<br /> t
<br /> t
<br /> , �
<br /> , .
<br /> � � �__
<br />
|