|
. . .y,::f' � •�. , i�- ,y� � '
<br /> •�a�qr.�i.i.oatirw� t��•�� - ... � .
<br /> :i.7.".y'.
<br /> . yq,'MI'y'.''°. . .' - �. ..
<br /> , , �s
<br /> -� ..
<br /> ,
<br /> .
<br /> � �.0'7�43'7' �
<br /> S. He�e�d ar Praaerty insunnca Borrowce shalt kcep the improvemsnta no�r�ng or t'�erextter areetal on thq,
<br /> _ Prc+perty insured iiZ�aln�:t losH by flre, ha�.nrds induded within the tcnn "extended caverage" and nny other ha'r.auis. inetudin�
<br /> flonds or fl�n�ding. t'or which Lendcr rcquires insurunc�.Tl�ls insunuuc shati hc mainCained in Qtc uniounts nnA fnr th�pGrtnds
<br /> �tiut I.cnd:r rcquircy.'I`lio I�sur�nce cunicr pruaiding the lnsurnnca sha11 bo rlios�n by Horrnwar subject to l.encier'e approvs�l
<br /> which hhali not br wrca.u�aably withhcid. If liarrawer faite ta matntuin caverog�descrtbed uix�vo. Lsnder muy. at [.ender•a ,
<br /> c�ption.nbtuin coverage m pratect l.cnder's rightx in the Arnperty in accordancc wlth parugraph 7.
<br /> Ail insuruncc �►licles und rtn�wnls Khall bc acceptablc W I.endcr end Rhnll inctudo u Atondurd mortgagc claube. Lendct
<br /> :�hall'hnvc thc rl�l�t tohold the pc�lidiev t�n�l renewnls, If f.ee►der req�dre9, �nrmwer shnll �mmptly�ive M i.ende�eli re�cr.i�tg nf
<br /> paicl premiuma nnd renewul noiices. In the event of la�cs,Borr�wer shuli give pcampt natico to the Gisurence carrler nr�d Lender.
<br /> I.ender m�y muke praof af fass if not mude pmmptty by 8orn►wer.
<br /> Unlcss Lendcr�nd 8a7rawcr othcrwise ag�e in writing, insurunre proceeds shall be appf{al to restorutIon or repair of thc
<br /> Property dumaged. iP the rcstarutlan ar repoir 1s ecanamicully feu.gible und Lender'�sccuriry Is not lessersed.If the restoration ar
<br /> repulr iR not ecanomicnfly feusible or Lender's Kecurity would be lessened,the insurancC procecds shull ba opplied to the sums
<br /> secured by �hl� Security lnswmcnt. whcther or not then due.with any exccss paid to Borruwer. If Bnrrowcr abnndons the
<br /> Pmpexty,ar dcx.w nat unswer within 30 days a nattce from l.ender that the insurnnce currler hag offerod to setQe o cluim.then
<br /> l.ender muy cntlect the insurance procceds. Lcnder muy u�e the procee�is to repair or r�store the Propetty ar to pay sums
<br /> sccumd by this Sccurity Instrument,whether ar not then duc.The 30-day pertod wlU begin when the natice ia given.
<br /> Uniess Lender ond Borcower otherwir�e ngree in writin�,uny upptication of proceeds to pdnctpul shall not extend or
<br /> pastpone the due dutc of the monthly pnyments referred to in parugrapha 1 und 2 or change the amount of the paym�nts. If
<br /> under parugrnph 21 the Praperty is acqujred by I.ender,Borrower's dght to any insumnce policics and proceeda resulting fram
<br /> dnmage to tho Propsrty prior to the acquisltian shalt pass to Lender to the extent of the sums secured by this 5ecurity Insirument
<br /> immediatcly prtar to�he acquiaftion.
<br /> 6. Occupancy, Prescrvntion,Maicetennnce und Protectfon of the Property;Borrower's l.oan Appltcadon;Leaseholds.
<br /> Barrower shall cucupy, e�tublixh,sind use the Propeny ag Borrowcr's princIpal residence withln sixty duys after the execution of
<br /> this Security Instrument and shail continue to occupy the Property as Borrower's princlpal residence for at lea.gt one year rsfter
<br /> the date of uccupincy, unless Lender otherwise ugr�s in writing, a+hich consent shalt nat be unreasonably wlthheld. or w�less
<br /> extenuatin� circumstance� exist which ure beyand Borcower's control. Borrower shall not destroy, damage or impuic the
<br /> � . ,, Pro�nrtv,allow the Propert�+co detertornte.or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> uction��r proceeding,whether civil ar crlminal. is begun that in L,ender's good faith judgment could result in forfeitute of the
<br /> ,��• � Praperty or othenvise material�y impair the lien created by this SecurIty Instrument or Lender's security interest.Borrower may
<br /> ;y��%�;%�?'��� cure such a defuult w�d minstate,as provided in puragraph !8, by causing the action or proceeding to be dfsmissed with a ruling
<br /> that, in t.endcr'a gocat Paiti►dcicrmiimtiun. prrc:iudcs PUI�CIILL[C Uf ZI�C Btt[NWCt�s �tl�C[CyI in ilio Fn�periy ur uf��cr muterisi
<br /> , �,��,,,_• lmpairment of the tien created by this Secudty Instrument or Lender's security tnterest. Borrower shall also be in default if
<br /> • .�����`-��-.r- Borrower,durfng the laan upplication process,gave materially false or ynaccurate information or statements to Lender(or failed
<br /> �'�'%�.u��.��:"�y to provide I.ender wiih any metedal informution)im m�ncction with the loun evidenced by the Nate, including,but not limited
<br /> ;1`;}1.='`,�'�'���`•�t � to,repmsentatians conceming Borrower's occupuncy of the Property as a pr�nciput residence. If this Security Instrument is on a
<br /> •'�«`"��v����. +•'�`_� leasehold, Botrower tihall comply with all the provisions nf the lease. If Borrower ucquires fec title to the Propecty. the
<br /> `;,L*�,c.,;y6s.•:.�t
<br /> , leasehold und thc fee title shull not merAe unless Lender ogrecs to the merger in wrltin�.
<br /> ~ �����' • 7.Protection of Lender's Rights in the Property.If Borrower fails to perform the covenants and ugreements wntaine�in
<br /> �:..��'`;'!�"•`�'$;:
<br /> �;,,,' this Security Instrument,or there is a legal proceedin�that may significantly affect Lender's dghts in the Pmperty(such as a
<br /> �+Y�='�s° ��"' proceedin� in bankruptcy,probate, for cundemnation or forfeituce or to enforce Iaws or regulations). then L.ender muy do artd
<br /> ,�`�.`.`h'..i��',,.:.-'-
<br /> _ --�"'' pay for whatever is necessary to protect the value of the Property and L.ender's rights in the Property. L.ender's actions may
<br /> r�:•. ��
<br /> •°��� inclad� paying any surns securc� by a lien which has priority over this Security Instn►ment. appearing tn court, paying
<br /> ''`' �}�!�"-�' reasonable attorne s'fees and entedn �n the Pro rt to make re a�rs. Althou h Lender ma take actton under this ara ra h
<br /> ,';,�;�,�:x,,,.,;,,Y� Y g Pe Y P � � Y P S P
<br /> ,r;�l,;,:,,,..;.„„.;�,,,� 7.Lender does not have to do so.
<br /> •} '--4.r:.. -A3r,: Any amounts disbursed by I.ender under this paragraph 7 shaU become additional debt of Borrower secured by this
<br /> �'`�` '� �� � Secudty Instrument.Uniess Borrower and Lender agree to other terms af payment.these amounts shall bear interest from the
<br /> ���'�� date af disbursement at the Note rate and shall be a able, with interest, u n notice from Lender to Horrower uestin
<br /> �.�;�'�: - . V s ment. A Y P� *e9 S �';,:,
<br /> .. ,-;,. p•y
<br /> • . S.Mortgage Inwrance.If Lender required mortgage insurance as a condition of making the loan secured by this Security �i�
<br /> .,.. ,�:� ,, • Instrument. Borrower shall pay the premtums required to maintain the martga�e insurance in effect. If, for eny reason. the -
<br /> ;: , mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borcuwer shall pay the premiums required to
<br /> •''` ',, � abtain co�erage substentiully equtvalent to the mortga�e insurance pmviously in effect, at a cost substuntially equiv�lent to the
<br /> ::��;r�•, cost to Borrower of the mortgage insurance previously in effect, fmm an alternate mortgage insurer upproved by Lender. If •J'
<br /> 'R�'�,~;:'; �' substantially equivz�lent mortgage insurance coverage is not available,Borrower shall pay to L.ender each month a sum equai to
<br /> � ,�j"�`'`�'� _ one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance covera�e lapsed or ceased to
<br /> • be in effect. Lender wil!accept, use and retain these paymenu s5 a loss reserve in tieu of mongage insurance. L.oss reserve
<br /> •, ` . , ; r
<br /> , Form 3028 8/90
<br /> Y:... . ' Ppo 3 ai 8
<br /> R. . �,
<br /> 8;. . ,.� .
<br /> � . —'"'_'--.-r+.-- . . .. ^-�<--z?.+--�'A}S-s^-�-++s-a+�a _...—. .,,_,r..�_..__
<br /> ... ... ._.. .. - � . � �•R. . �.> - , I . • ;'1` • ..�.�-"'_..'i`.
<br /> � t� . ' . �..
<br /> �,'- � '� • . , -�:.7''_ .. , ., .. • ,
<br /> '1:.' . _ , — _.. .�_ - ..--- . -' - ` � ' . .. .,i� .. � .. ° '. -. . .
<br /> �.�_ , o .a... . . . . i)- .. .
<br /> ��.: ' . ' .. �� .. . '� . . ' ' _ " . _ .. , _ .
<br /> 1�:..'. � . ' . .. . . . " . .
<br /> . . � .. ' . . . `^'._ _ '__-__ -.T." . � . �.
<br /> .. . .. .' .. . � .
<br /> .. . . . _.. _.. _�. .�. .. . . .' ' :�. . . . . , . .� . _ ,. . - "_'r__'_"�_'_-... -_ . . _ .. . .. .
<br /> .... ' . . ..._ .... . _ � '
<br /> i>•
<br /> .. - —__ __..-- ._,. . .. .�j.. -- _ , .. „
<br /> , .
<br /> • ., • ,., . .. .. •� . . .
<br /> U " .. .. . :,� .. . � . .. •• v t� '/ .. '1, .J`���� ...f� , � �. �� .. .
<br /> ( �� b_
<br /> Ua � - �) .. .. . .. � .. � . - ' � �. . ..
<br /> .�... , ' .. .. . .• . � .. " , ' .
<br />
|