|
, � .
<br /> ,,... . ,�«: :w:<<;, ..
<br /> �, � . ;:,,..- -
<br /> , k�.r
<br /> -'�'�. _, `;��-- -
<br /> . .
<br /> ,
<br /> S. Hozard or Fro�tcriy I�a�a�tcc. Eonoiver slmli kccp tho impravements now extsti"ng o�e���r�ted on the
<br /> Pr�peny insured ngainat lass by tire,hnzartla Included�vithin tha term"oatendc�coverage"nrtd nny other ha7ards, including
<br /> floods ar flonding, for whtch L.ende3 requfces lnsurnnco. This insumnce shall be mAiatuined in the amounts nnd for thc pctiods
<br /> thnt L.ender ru�uircw. The insuranco atrcier prnviding th�insumnce sh�ll be chasen by Sorrower subject to Lcnd�r'r appraval
<br /> whlcb ehali not bo unreasonablS�withheld. If Borrower fails to malntain covernge desurlbed above. Lender may. ut i.ender's
<br /> optian.obtain rnverago to protsc�Lcndcr's rlghts ln the Praperty in accordancc�with pumgmph 7.
<br /> All insurnnce poliel�s aed remwnts aha11 be neeeputblo to l..ender and el�ull fotelude u stc�dard mortgago clausc�. i.c��tkr
<br /> shall have the dght ta hold the polic�cs a�rcneu�mis. If L.ender requlres.Barrower shall promptly give to Lencier all reocipts of
<br /> puid premIums and renewal notices. In tho event of loss,Aorrower shalt give prompt nadi:e to the insumnce currier and Le�er.
<br /> I.ender may malce prouf of loss if not made prompdy by Borrower.
<br /> Unless l.ender nnd Borrower atherwiae agrec in wdting.Insurance proceedn ahall be applted to restoration or repair of the
<br /> Property damaged.if the restoration or repair ls economlcally feusible und L.ender's security ls noi lessened.If the restoration or
<br /> repair is qot eoonoraicalty feasible or Lender's security wautd be fessened.the insuran��e pniceecis shall be upplIed to the sums
<br /> secuced by this Securiry Insuument,whether or not then due,wlth Any excess paid to Borrower. If Barrower ubandons tho
<br /> Property.or does no!aaswer within 30 days a notice from Leuder ttwt the insurance currter has offered to settle n clatm, then
<br /> Lem[nr �uuy a,il3ct the iasurana proceeds. Lender may use the prnceeda to �+epair or restore the Property or to pay sums
<br /> secuted by tttls Secudty Insttument.whether or not then dae.The 30-day period wilt besin when the nodce is given.
<br /> Unless Lencler �nd Bon+ower otherwise agreE in wrFting, any applicatIon of praccedg to pdncipal shaii noi extend or
<br /> postpona the due date of the moathly payments referred to in patagraphs 1 and 2 or change the amount of the payments. If
<br /> under pazagraph 21 the P[operty is acquired by Lender,Horrower's rlght to eny insurance policies and pra�eds resultins from
<br /> darnage to the Property prIor to tde scquisttion shaU pass w Leader to the eat�nt of the sums secured by this Secudty Instrument
<br /> immediately prior to the acquisidon.
<br /> 6.Oau�aacy,Pre.servatton,M�intenance and Protection oi tbe Prnperty;Bonnwer's Loan AppUattion;Leaseholds.
<br /> Borrower shall occupy,estnblish,and use the Property as Borrower's pdncipal residence within siary days after the executIon of
<br /> this Security Insaument and ahall conrinue to occupy the Property as Borrower's prine3pal residence for at least une year after
<br /> the date of ocxupency.wiless I.endet otherwise agrees in wrttin�.whIch consent shatl not be unreasonably wlthheld. or unless
<br /> extenuadng circucastances exist which are beyond Borrower's cantrol. Borrower ehall not destroy, damage or impair the
<br /> Property. allow the Property to detedorate, or commit waste on the Property. Borrower ahall be in default If any forfeiture
<br /> action or pioceeding, whether civIl or criminal, is begun that in Lender's good faith judgment cauld result in forfeiture of the
<br /> Pc+operty or othervuise matedally impair tIte lien created by thfs Seciulty Instrument or I.cnder's securiry interest.8amower may
<br /> cttne such a default and nsinstate,as provjdad in paragraph 18.by causing the action or procceding to be diamissed with a ruling
<br /> that, in Lender's good faith determtnation, precludes forfeiture af the Borrower's interest In the Property or other mater�al
<br /> ��,��,, Impaim�ent of tha lien created by ttiis Securlry Inswmeat or L.ender's secudty interest. Borrower shall also lie In default if
<br /> t4r' HOTCOWCl,during the loan appl�cation process.gave materially false or inaccurate infamiation or statements to Lertder(or failed
<br /> to provide Lender with any matedal inforniation)in connertion with the loan evidenced by the Note,includin�,but not IirNted
<br /> ro.representations concerning Bomower's occupancy of the Property as a principal residenee.If this Securtty Insdument is on a
<br /> leasehold. Borrower shall comply with aU the provisions of the lease. If Borrower ucquires fee title to the Property. the
<br /> leasehold and the fee dde shall not merge unless I.ender agrees to the merger in wrlting.
<br /> 7.Protecflon ot Lender's Rlehte tn the Property.If Bormwer fails to perform the covenants and agreements conteined jn -��
<br /> this Security Insuument,or there is a legal pmc�edins that may signiftcandy affect Lender's rights in the Property(such as a }'M
<br /> praceeding in banlwptcy,probate. for condemnatIon or forfelture or to enforce laws or regulations).then I.ender may do and .
<br /> pay for whatever is necessary to protect the velue of the Property and Lender's rlghts in the Property. I.ender's actIons may .
<br /> include paying eny swns secured by a lien which has pdority over this Security Instrument, appearing tn court. paying .:<•�
<br /> ,:,,: reasonable attomeys'fces and entering on the Property to make repairs.Althoush Lender may take actlon under this paragraph :�
<br /> 7. Lender does not have to do so.
<br /> Any amounts disbursed by Lender under thls puragraph 7 ahall become addItlonal debt af Borcower secured by this ;�Z
<br /> � �'�� Securlty Instrument. Unless Borrower and I.ender agree to other terms of payment.these amounts shall bear interest from the
<br /> �'���v L5 rN:
<br /> ���'��'_"-, date of disbursement at the Note cate and shap 6e a able. with interest, u on notice from Lender to Borrower uestin
<br /> -g��;,��,� P Y P �l 8
<br /> �� payment.
<br /> ,.�'}"'•� 8.Mortgage Insurenre. If i.ender require�l mortgage insurance as a condition of makjng the loan secured by this Security
<br /> �-�.. Instcument. Borrower shall pay the premlums required to maintain the mortga�e insuiance in effect.If, for any reasan, the
<br /> ^ :��"*•,�� mortgage Insurance ooverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to
<br /> • '� -�:�t�` abtain wverage substarttially eyutvalent to the mortgage insurance previously in et�ect.at u wst substantially equlvalent to the ,
<br /> cost to Bomower of the mortgage jnsurance previously in effect, from an altemate mortgage insurer approve�by L.eader. If
<br /> ��,_F substantially equivelent mortgage insurance coverage is not aveilable. Borrower shall pay to Lender each month a sum eq�eal to
<br /> '.,.�.:,
<br /> �;:-}, one-twelfth of the ycarly mort�uge i�urance psemiwn being pald by Borrower when the insurance coverage lapsed or ceased to
<br /> ��''�,�" be in effe'x. Lender will a�;cept.use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> :��'
<br /> Fotm 3028 9/90
<br /> P�1 ot B �._. .'��
<br /> �
<br /> � '
<br /> '•-•�=� .. . . , �'s'"''eh.--.�.i.+.--r _-`.--1� .
<br /> � _��.
<br /> :l' •1: . ��. . ,i " .�"r,� r- ik:� n
<br /> i � 4 . . '�; ' { f,;,' �
<br /> - .�a :._.,•� � . . . . ;: • -!:x;:=:•.. ;� � ,...
<br /> .
<br /> ••- •.._..._ ,
<br /> .,.
<br /> . . �..... . ,. � �
<br /> -} .-K S�`!�y.�:.'.�Fji'.-,_.. .�. .. .._.:.... ... _ .. ' .. _. , , .. .- .. . _ — :c� �1�rj^_�. "' . � .. . .. .. ._ .
<br /> ..`.a�y.y., ��t �.�. . , i���.,.�t�.• ��
<br /> � R;�i-'>.�5.�'+�w:1�' '_ ', . . . . .. . ; ' . `•k�Yi:..�;��.'�i. - .. ' .,
<br /> ',���:v—r�a.r..��' S�' . . �R� .
<br /> rr`.�•y `yaw�"u�?,�.•'• ,� - , . .. . ., .. . � - -fJ�-v.�'r. - `> .. �, - . � ..
<br /> M c����a����! f-�:. . . . . . . . . �0. �{'I L nft •� - � ,
<br /> �} ,�4.: ��' � t ' � ' ' . . . .. .
<br /> ���`� ,�•��.�R� �_ . .. � - �� .. - . . ,-. .• � �1 -
<br /> .���C{ T � l r -' ' ` ' •• . � .� �i . ���`� � .. ' ; . .. ..
<br /> ..r�1, . . �♦ Z Sl�.���w �
<br /> �G• ::�.�;1� � . .. . - � • ,; ;w .x ;'_ ' ...v .
<br /> ¢ ..� *� �, -j , " ., � , ... '.�,J `` A ,,� .��C . . _ ,,
<br /> ���yfj�l �, ' .,' � .. _ - • : ., � � .. � ' .7;�, �{;y,�j�,e,. .i � .
<br /> . ,
<br /> �_.. ..-�� ., - .
<br /> �. . :f . . �� .. . - . -. .i'- . .
<br /> u... ... . . � . . ' .. , . . ". ' ' .
<br /> � , . . . .. • - - - .. . - n � f
<br /> ;t'; ' , �f `' . . . . . . .� . .. .. ", • . � ..� 1
<br />
|