|
itr.� . J � ' � r n1 � . i y i; .-_ ��rl`e
<br /> �, A{i� w ,'�� i 'irq{.,,f� I� � i}�S�ti;� �'�'�'i�,';��.�`'f�� � � I � i� �� �- •5� i�.�����.�r�'��' .y S'k 4iiY�,�
<br /> , { . `'Z � � ' > f t k�, � ,r f;» `
<br /> -., � '� •� :.r�' � `', �,'
<br /> „
<br /> ,
<br /> ,
<br /> .
<br /> ..f.;
<br /> �
<br /> .
<br /> .
<br /> .. , .
<br /> "'•,r'
<br /> <
<br /> .
<br /> ' . . � . - ... . . �. . A�T
<br /> .� � � " . . ��� .- ., , . .. ,�4�.i+0"1'S� „ . ° .f� . .��.
<br /> 3.kii�a�sd or Propertp In�utrace. Bu}�uwar sbnll�:�p tt�a impt�ezr,teiiw tn��r n�i�nt ar I►anotter�e�ct�o'�
<br /> tho Pro�arty iusured egaanst 1�►s fsy tiro,hezaYds In�lud�i wltliin tl�c�tarr��"e�ndc;d eavcra�c"and nny otl:af;luztcds.
<br /> iriclir�Jin�ita�or�ta�iit�,tar c�hich l,�sss��r n��.��s in��.a�nre�TRei�:neurance ehell he m�tntalnvd in d�+s�moun�e '•.
<br /> tnd Aar 'sixi�ricKie"u`uii I.or,ti�„;.,�1::�:��T�i&:m,9ls�lic:c�st�•'!'�v;A .ri,R ie�i��!��e�n �h,t!be chiofetl b!.�Qtf'91►�JC.
<br /> eubject xo J.emden''e approv�l whiah e1u�11 ant be unraaonably�nithhetd.If�ro�er�d1i w mdat�In enver�p�wrib��
<br /> rbuve,�.eader m�ay, at I.ender'e o�da�r abuin cov��cr w protoct I�sdes'e rI�ht�in tho F�ropecty Ir.woa�danoe alth
<br /> t��P�?. °
<br /> .. All itust�tnn��lic�es Krd rone�rele Ahr.11 t;e�cceptsble to Lerlder end eh,li inctud�+��u�cl�nl matt�e�li.uee.
<br /> Londar slvll hsve the d�ht w twld t�e policia uid ra�eMde. If Leader uttes� �orx+ower elWl pcomptly aive to ,
<br /> e
<br /> '• I.en�dat all recwlpts oip�Id premtume an�t seaewaY noYioqA.In tt►e�vent oClae�, �rower stui4l�iva peampt notloe to the
<br /> inaur�nce«reler amd Los�der.I.e�dsr�inay m�ka pmof oi laen It uat made pcomp�tly by Aorra�er.
<br /> Unlaa+Lender and BorroNtl*othar�riee�a�ee in Ndtlra��inaurance proceedo eh�Il ba applted w resturr�tion ax
<br /> ot thoP�aperty dama�ad.lf the a�asmr�t�on or rep�tr i�eeonomirally ta�eible u�d l.et�dee's�ecu�ty i�not 1es�taA.I the
<br /> tent�t�tian w,rep�ir Ie not ec�nom�ically tadblo or I.ender°s eeaudty would be laaened,ti►e iaiuranc�prooemd��J�be
<br /> �pplied tc�tha sume eecured by thie 5ac�ty Inatrumont,�rhether or nnt then due�with.�ny excesap�d w Borso�ra.it
<br /> Borrurrer�bandons t�o Frop�esty�or doee not anawer wlthin 3Q Aays a aotice irotn Lender t.tut the fnauranoe c�rrt�u'h�e
<br /> atieral to setele a ol�im,thea Lendar mwy eoiloot tho Insueanca pcocaeda.Leador m�y uea thn procroede to rePair ar
<br /> ruatom the Prop►�rty or to pay sume secured by thte Seaurlty Inetrumeat�whether or not then dne.The 3�diy p�arEod a111
<br /> be�iii t+hon the notica te�iven.
<br /> Ualeee Lander aad Botrower otherwiee a�ree�n writin ,any applicatioa o� to pdac�p�l e}ull aot eitcud ar
<br /> postpone the due date oi the monthly payrnente nfarred to�apuagtapha 1 aod or atunge the amouat ot tt»paya►ente•
<br /> IP uixd� �agrapb 21 the Prop�rty is acqutrc�bq I.cndcr. Borrower'u right to aay iasutance gol£cie� anc� pr�oeal�
<br /> resuldag trmm damnge w the Froperty pnar w the acquisition eYull pass w Iander to the exter►t ot the sums eocuc+cd h3►
<br /> thia Securtry Instrument im:nediately r3or to ehe acquis�ttoa.
<br /> n
<br /> 6.Ocaupsacy,Preservetion, aiateaaace and ProteCtion oi the Property;Bonoaar's Lwa Applicattan;
<br /> LeaseholAa.Borrower ehall occupy.establteh,and use tho Proparty as Borrowar's princlpai resideuco NithIn airty diYs
<br /> efter the executton of thie Secutiry Insrcument ead ehall contiaue w occupy the Property as Bortower's priadpst
<br /> resldence for at lexst oae year efter the date oi ocaupaaay.unlesa Loader otherwise agras ia wrIting,wluch coaHent ehiU
<br /> not be unmasm�ably withheld�or unlesa ext�snuatlug ciraumetancea exiet which are beyond Borrower's ooaVol.Horrow�r
<br /> shalt aot deatroy.damage or impaic the Property,ellow tho Properiy to detetiorate,ar cammit weste oA the Propetty.
<br /> Borrower ehall ba ia dafault if any fortaiture actioa or praxediag�whether aivil or crisninal,ts begun thet in I.andor's
<br /> good fe�th judgmeat could result ia fortaitura of the Property or otherwise msterielly impsir the l�ea created by this
<br /> �:,.�:�� ��,. Se�urity Instrurnent or Lsnder's security tntereat. Borcower may cura such n deiault nad reiastate,as provlded in
<br /> -j:.• � P�i;+�;�,h I8, t�Y causiag thc acdaa ar�issg ta � °s.:�.-^rai�d �ish a niling lhat, in L�l�'a good faith
<br /> �.,ty,�-a��=�.. determinetion�preeludes for[eitureoi the rroaer's iaterest ia tha Pcoperty or other matarial impair�ent ot thelien
<br /> ''•i':,`�:,�` ctested by thle Secutlty Tnstrut�►et�t or I,eudet's seauritq iatcrest.Bonower shall elso be Ia default if Horrower�dudag
<br /> � .....,�a,J'�
<br /> , *�:������."��+;'�; the loan application process� geve inatBrielly falsa or inaccurata iaformadon or etaternente to Lende�t (or fsilod to
<br /> ¢�,.�����t�,.}y���-;.; provld� Lestder with aay matertal informedon)ia coaneation with the loaa evideaced by the N�te� iu�ludtng,but aot
<br /> �-;vch':.. ...,�. _.iE.
<br /> ,:;i�r�'....,'.,. ...K licnttod to�rePreseatations conceraIng Bortower's occupancy of the Prapertq as a principal rcsicleace.If thi�Sec tY
<br /> ��«AF�:��F, ��:o,:; '•�- Instrument ia on a leasehold,Borrower eiusii comply with all the provlsIons of the lease.�t Honower acquires fee title to
<br /> �±�ft�ii+�:;�<.-;��-.h.;�z the property�tha lease�old aad the tee title shall aot metge unless Leader agrees w tha merger tu writing.
<br /> '-*�'.���..•:" <�:.-< : 7. Protectioa of Lender's Rlghts�a the Property. If Borrower tatla W perionn the coveneate aad agreemeate
<br /> ��::�:.~:�r.:..,�..' conteiaed ia tlus Security Inatrument,or there is a legal proceediag that may eignifIcantly efiect Lender's righta ia the
<br /> k"^`"`�''.'.; .:,..'` pcopertY (sucl� as a proceeding ia bankruPtcy� Probato� tor condemnadon or iortelture or to enforce lawa or
<br /> ;.;`�i� �, , ... . r..;,- �
<br /> '�' ' • tegulntiona),thea I.endac may do end pay for whatever ie necessery to proteat the velue oi the Ptoperty and Lender's
<br /> ��w J::"'�:'�:�r righte in the Property. Leader's sctions may includa paying eny aums secur�d by a lien which hes priority over ttis
<br /> ''`���''�`" "�' Security Instrumnent�appearlag�n court,payiag reasoaabla attomays'tees aad enteriag on the Property to make repsirs•
<br /> ,a•w.dei✓df�3••'N•'. -,.✓y-t
<br /> , _�,��;;,,..,__,�;:, Althou�h I.eader may take actioa under thia paragaph 7.I.ender does not have Lo do so.
<br /> My amounta diebursed by Lender under this paragraph 7 shell becoma addltional debt oi�orrower secuted by thia
<br /> �:;;���X;�- _. Security It�stru�nent.Unlesa Borrower end Lender a�rea to other tetms of payrnent.these emounts shall bear interest
<br /> ,•;,�- �-� , from the dste of diebot�sement at the Note rate and ahall be payable,with iiiterest,upon aotice irom Leadsr to Borrowet
<br /> " requeasing payment. -
<br /> ";,a �•. .' ,. 8. Mortgago Inauraace.If Lender required mortgage ineurance es a condition ot nnalcing tha toan secured by th3s �•
<br /> ""`���"'� � � Security Instrarnent,Borrower ehall pay the premiume required to maiateia the mortgege inaurance in effxt.If,forany ':�_
<br /> n"' ` ' reason. tha mortgaga tnsurance coverege requIred by Lender lapses or ceases to ba in effect,Hortower shatl paY tha
<br /> � � r�, premiuma tequired to obtaIn coverage sut�tentially equivalent to the mortgage insurance pr�viovaly in eifect.at a cost �
<br /> ���"' aubstentiaily equivalent to tha coat to Borrower of the mortgage insuraaca previously in effeat. irom en altemata
<br /> �` , � mortga�e ineurer approved by I.ender. It substantially equivalant mortgaga insurance covera�cs ie not available,
<br /> ,.. Borrowet shell pay tn Lender each month a eum equal to one-twelfth of the yearly mortgaga iasuraaw premium being
<br /> ,. paid by Borrower when the insuraace coverage lapsed or ceased to be in ef[ect.Lender will accept,use and retaia these
<br /> payme�nte as a loss resarve in lieu of mortgage insucance. Loss s�eserve paymeats may no longer be required
<br /> '�..• 'j�. ..
<br /> i� F�rm 30ld 8/90
<br /> ° �-6AlAIH)ro��a► v.o•a a�e tni:�•�a
<br /> ��.� , �
<br /> ,�, � � . .. .-. --�.. —._ _. , . __... -. _: - �-.-�---�---- , - . �-r��- .x�, .. �,?�1GG..�•.T���._��----_--"�i- ---- • '
<br /> �� . • . ,, . ^ .. , .
<br /> f�' " .. �' ..
<br /> .. : „ . - • .. �., �
<br /> .
<br /> ,. .. ..• . , . • . .
<br /> � _ _ ` ' •• u .L .- � ..
<br /> y . , • - : � .
<br /> • .. ° , . ., �� . �; ,• .� •
<br /> �� � . � �.�� ��1�—'- .. . „ ... ;' ,. ' '. . . '• • , •� � � ' ' . o .
<br /> - _ .. .. . . ' v. � ., � _ � . .. • �
<br /> ' J -. . .. .� .. . �� , � � .. � -
<br />
|