|
-i . . . -.. . ,. ..� A vr�
<br /> i . . n
<br /> � � .. . . � ��l�fv:!: { 'J:,. �� � .
<br /> ., !.•f •
<br /> � ty •
<br /> . r _ � i��!`\,�. 1 ..�f,�_ -__ _ "' :�1 ' .. _'
<br /> .._ . . - - . ' - -- - — s'.•K� — �`� ._...,..��a�s3c-L _
<br /> ,_
<br /> �
<br /> __� .. . .,,,. _ . .. . . .
<br /> .� .
<br /> ..
<br /> . .. . __.. . n _ i•. .. . _._
<br /> '-.� f __ _ _—___ '
<br /> - _ — ° ___ __
<br /> _.-:' . ��~� _ —".
<br /> 9�,.» �0�94
<br /> :•..,���-�s.�.,� '. Ha�srd or Praperty Insurance. 8orrower shall lccep the improvementa naw existing or fiereufter erected on ttic �
<br /> , Praperty insure<t agninst toss by frc. hazards inciuded within the tcn�► "extendcd cavcrnIIe"and any other haz:uds. includinB
<br /> �� — 4laxls or Auaiing. far which I.ender rec�uirea insurnncc.Thix insurunce shall bc mnintained in the amount�and far the periosla
<br /> that I.eixtcr r�equires.The i�surnnce ciurier providing the insurar►co tihall be chasen i�y 8nrrower subject t� l.ender's uppmvnl
<br /> — whirh nhall not be unrcasonubly withheld. If Borrower failR tc►maintAin c�verage described ubave.Lender mny, at Lender's
<br /> a�tiun,�btnin coverago to pmtect Lender's dghts in the Property in ncaardnnce with parngruph 7.
<br /> �-----_- ---� Atl in+urnnce palici�.c und eenewals shail be ncceptuble tu l.ender and shnit include a strmdard mortgnga clnuse. Lender
<br /> ehall Gave the dght ta hold thc policics and renewals. if Lender requires.Honowce shuti prumptty givc to Lender all raeipGS of =
<br /> - pald prcmlums nnd renewul nodc.es.In the event af loss,Borrowcr shall give prompt notice to the insurance c.arrier und Lender. _
<br /> -y I.cndef muy make pcoof of lass if not m¢de promptly by Borrawer.
<br /> ._�j� Unlcss L.cnder und Barrower othenvise agrce in wdting. insurnnce pmceeds shall be applied to restoration ar tepair of the
<br /> °r.� propeKy dom�geA.if the restarutian or repair is ccanomicalty feaslble und l.ender's secur�ry is aot lessened. If the restorntion or
<br /> '�� rcpair is not c�conomicully feasible or Lender's security would be icwsened,the insurance proceeds shall be applied to the sums c
<br />-- srcural by thia Se.�udty In�trument. whether ar nm then due, with any excess paid to Borrower. tf Borrower ubattdons the
<br />- �, pmpcny, ar doe.v aot unswer withtn 30 days u nattce from Lender thnt the insumnce carrjer has uffered to seulf a claim,then
<br />•%� l.ender may callect the insurance praceeds. l.ender may use the pracceds to repair or restore the Property or to pay sums
<br /> secured by this Security Instn►ment,whether or nat then due.The 30�day period wiU begin when the notice is given.
<br /> Unless l..endor nnd Barrower atherwlsa ugre� in writin�, any applicutton of proceeds to principal shaq nat extend or =_
<br /> ' pastpane the due dutc of the monthly paymenGS referred to in paragraphs 1 And 2 or change the vnoant of the payments. If
<br /> w�dcr{raragruph 21 thc Properry ts acquired by T.ender,liormwer's dght to any insucance palicies and pracecd.s resulting from _.___
<br /> . damage to the Prope�ty prior to the acquisltion shull pass to Lender ta the extent of the sums secured by this Security Instrument ���...�
<br /> � immediately prior to the ucquisicion. wd-�=�
<br /> 6.Occupancy.Preservadon,A7atntenance And Protection of the Praperty; Borrower's Loan Applicatton;Leaseholds. �v�:-.
<br /> Borrowrr shnll occupy. establlsh.artd use the Property as Bonower's principal residenc�within sixty days after the execution of �'M
<br /> this Security instrnment und shuli continue to occupy the Property us Horrower's principal residence for ut least one year after r�r,�
<br /> the dute af occupuncy. unless I.ender utherwise agrees in wciting, which consent shall not be unm,usonably withheld.�r unless ����^i-.
<br /> �.t.4'� �. .
<br /> eatenuating circumstartces exist which arc t►eyond Horrower's rontrat. Borrowcr ,hall not destroy, damege or impair the �,.�
<br /> ;, ` ptoperty. t►llow the Property to deteriorate, or cammit waste on the P�aperty. Borrower shali be in default if nny forfeiture p,��,��.
<br /> ►l
<br />'";;,,,�� ;,.;� , '. action or proccedinb,whether civil or crlmin�l, is be�un that ia Lender's good faith judgment ec�uld result in forfeiture of the �
<br />;y �' t'`'" • Property or otherwlse matedally impair thz lien created by this Securiry lnstrument or[.ender's security interest. Borrower muy �;:r�
<br /> "' �`r° ��" �`'°• s cure such a dafaa:t�su! reis3statc, s��►r��ided in paraeraph 18, by causin�the actian or prceeeding to be dismissed with a ruling }•�';_:_�
<br /> :u ;'
<br /> s � that, in Lender's good iaith determinatian, preclude.s forfefture of the Barrower's interest in the Property or ather m�terial a�i===
<br /> r ,�,�`,�?^�.�,��.,`'`, impaimtent af the lien created by this Seturity Instrument or I.ender's security interest. &�noaer shall also be in default if •—,•
<br /> ��..+ -°—�`-
<br /> ���,,,,' , Borrower,during the loan application pmcess,gave mnterinlly false or inaccurnte informati�n c�r statements ro Lender(or failal �_��
<br /> � 1y��,J � to provide Lender with any materinl inforniation) in connection with the loan evidenced by the Nate,inciuding.but not limited r,y,:
<br /> r4ft._.
<br />•;�• • � �a�•.�r�r t o, r ep r e s e n t u t i o n s c o n c e rn i n g B o r r o w e r's o c c u p a n c y o f t h a Pro pe r ty us u princi pal msidence. I f this Security Instrument is on a � .. ;
<br /> �„�` .��...
<br /> , leasehold. Borrower shull romply with all the provisions of the lease. If Borrower acquires fec title to ctne Property. the $:.•.
<br />'� � • leas�hold and the fce title shall not merge unless Lender a$mes to the merger in writing. _E�i%;
<br /> • u• 7.Protectton of I.et►der's Ri�hts in the Property.If Borrower fuils to perform the covenants and agreemen4s contalned in
<br /> this Secudty Instrument,or there js a legal proceeding thut muy signifirantly offect C.ender's rights in the Property (such as n ��• •
<br /> ''� � ` +.,;:,,> procePding in bankruptcy, probate, for condemnation or farFeiture or to enforcc laws or regulations), then Lender may do and "�
<br /> ��� � pay for whatever is necessary to pratect the value of the Property und Lender's rights in the Property. Lender's actions may 1l
<br /> include a in an sums secured by a lien which has priority over this Security Instrument. appearing in court. paying �1�
<br />:• . ��, P Y S Y 1��.:
<br /> ;�.:;.�ti;�, reasonable attorneys'fees and entering on the Pmperty to muke repalrs. Although I.ender may tuke nction under this paragraph ,,ti,.
<br /> - =�'�.� .:: 7,[.ender doe.s not hnve to do so. d�`��
<br /> . `'��r� � Any amounts d[sburae� by Lender under this paragruph 7 shull become additional debt of Borrower secured by this ;;;.• �
<br /> �:,:; � '••^�:��`•; Securlty Instrument.Unless Bc�rrower nnd Lendcr a ree to other terms af a ment,these Amounts shall bear interest from the 'r�•
<br /> ..., � P Y ji•.;,.
<br /> �:.4r.i::i'r:C.t�..!"::.
<br /> ��:,� ,:rt , ,•.. .-...,-. date of disbursement at the Note ratc and sholl be payable. with interest, upan notice from Lr.nder to Borrower requesting �;�i
<br /> . •�., ��•'': , ;:'� " ,.
<br /> - ''.� °�s�a�. �.,t PaYment. ;,�.�..
<br />_.~;, ,�;�";����'•'� S. Mor3gage Insurtince.If Lender required mortga�e insurance as u condition of making the loan secured by this Security •
<br /> 4�. .�� ..
<br /> - �:;��� �s•�';'� •; �� _ ]nsttument, Aorrower shaU pay the premiums required to mainwin the mongage insur3nce in effat. If, for any reuson, the �;��`t;
<br />. , ,.:_,�..,,,.,.
<br /> •�::.+ +�`• ,•'�. • mortgage insurance coveruge requited by Lender lupses or ccuses to be in effect, Borrower shall pay the premiums requ{r�d to ••q;
<br /> ;;;. •...i,�� , i'•,. :
<br /> ,;r�:{.� ���;��; obtain coverage substandully equivalent to the mort�age insurnnce previously in effect,at a cost substantially equivalent to the � ,,
<br /> '".r�:-,s,:l':i:7:
<br /> � • ��':.•���: . • . wst to Borrower of the mongage insurance previous ly in e f f e c e, f ro m a n a l t e rn a t e m o r t g a g e i u s u r e r a p p r o v e d b y L.e n d e r. I f ,; ;
<br /> , ,.s.� ,y� ,� •
<br /> " � '� `��� '�'� substant�ally equtvalent mortguge insurnnce coverege is not availuble. Borrower shall pay to Lender each mont6 a sum equal to `
<br /> ;...'� . _ ... I.' .
<br /> ' •• --• one-twelfth of the yearly cnort�age insurnncc premium being pa�d by Bornower when the insurance coverage lapscd or ceased to �
<br /> `:�I��`• _. � be in effect. Lender will accept.use und retuin these payments es a loss reserve in lieu af mort�agc insurance. Loss Rserve
<br /> , a-:�7�
<br /> � � �h..'�,.".:.', . Form 30Z8 9180 �
<br /> : :
<br />_ ���'..��' �:J. Pnge 3 ot 8
<br /> ?� '��•',;;Y'r4:1'� .
<br />_ �F_�..,�.7' �.�1
<br /> � ,�it',^i�t'9,�;r. �
<br /> .�,;�,i,:,:,;._
<br /> , .,,.�..� ;
<br /> S�' � ��s1 ' ^'r -,,�.awu:�� �-- •------
<br /> - ,�A�'�',;�",;'v;s ?�,' , . . � . :�'"E'(..: ..,•, � . -«..�.:... . . . . . ; ,
<br /> ,; t<;�
<br /> . ,... _ �
<br /> • •• � ..,..:.,
<br /> • . , .. .� : , .,-
<br /> —`;_ _�`-"� • ' - - -
<br /> -.,,;-- - — -- - _ -___ _- - _ ___ -___ _-_ -
<br />
|