|
1 �� ;...-.. � L� �4 F' (; .. ; � .. : .r� .t 5 . ,. y-.r . .
<br /> . � _ � . _ .4 . . � r , � ' � � - - �
<br /> X�s.-_ % � � ..t� .`�� i'�,. ' - � � • ` . n . . . _ . _ _ • r ��.L � � a. �- _s`� �... .
<br /> s , . . <. � ,�, -, ,, s . � " � .. ' ` ' . ` _ ..
<br /> � .t}. .��G ;, L � . d . . . . , V ,'`. , .. � ~ .. T` �' . Lrj�c
<br /> i s� .� � ` , ' ' �s,: � ..�`;�
<br /> � . , r . _ . . , . . : . � t �� `
<br /> �` . < ` G ` .� c
<br /> '� '.� c` �q �-f ` •�'' 4 4 -'� '^'0�'-� (4.
<br /> _ E ' -y _ `a � .:
<br /> :'�, __ .. `_ .. ` � � . .. , ' ' �� '.k..-�_—
<br /> � . . . _ . . ' [,�b it�t�`��.9 � :�-F
<br /> -C. ' . .� . � .'a'..:c .
<br /> i � ;' �.rZ,_
<br /> 1 � S. Hstard op Peopesty Ins�ita¢ace. $orrower shall kecg tItec impraveraents now existing or herzatter erected an the .:;.;.,aY.__�
<br /> __,�•�-� ,�� ... . Property insured against loss by fire..hazards included within the term"eatend�coverage"and a�y other hazuds.incl�sdi� �'�r�:�
<br /> �;: • ��� • ' � tlaods or ftaoding. for whsch T.esider cequires insurance.This insurance sha116e maintained in the amount3 and for the periods �,- :y=;:,a�
<br /> ' � , . � that LRUder r�qt�ires.'Fhe insurance carrier providing the insnrance shalt be chosen by�orrower subjeci to Lender's approva! ``r°`�`=`��
<br /> ' � • _ °� , � whicfi shall not 6e anreasanably withfteld. If Borrowex fails to maintain�coverage describecl above, I.ender may. at Lender's ' _�'` �,_j��
<br /> . �«•
<br /> optioe�:obtain oaver{tge to protect Let�der'�rights in ttie Piroperty in accordance with paiagraph 7. ' �',�:
<br /> '� , '- ' Ali insuras�ee policies and rene�vats shafi be axeptabie to Lender and shaIl inclade a st�dard mort�age etause. Lendcr . � -��,;.
<br /> . ,`, , °, ' sbail have.the ri t to haid the licies ac�d renewals.If Lxuder � ��"�
<br /> , gh Fo recluires.Borroc�ver shal!P�P�Y��e to Lender ali reoeiAts of � :_��
<br /> paid premiums and renewal notices. In t6e event of toss.Bomnwer shalf give prampt notice�o the.insurancc carrier and Lender. � �
<br /> • ., � ° Lender may make pmof of loss if not rtrade prbmptty by Bosrower. ' � -
<br />' • =�� �. . • . ". Unless Lendcr aud Horrower othenvise agree in writin .insnrance race2ds shal!be .
<br /> _ g p applPed to restoration os repai�Qf ihe
<br /> . � • Propetry damaged,if the rc�storation ar repair is eoonomically feasible aad T.ender's seturiry is nut 1essQnea.If the rzstoration or -- --
<br /> %•��' , , ' repair is not economicalty fe8sble oz 1.$nder's seairity would be tessened, the ir�f�rance prooe�ds shall be applied to.the sams
<br /> :
<br />`.'�`� `� i'� �. secured by this Sesu�iry Insuument,vrhether or nor then dae� with any eacess paid to Borrower.If Borrower abandons the , —
<br /> •-� • Property,or does not answer within 30 days a aotice f�om Lender that the iasurance carrier has,offered ta settte a rlaim; then
<br /> �°Y; . • . f.ender may collea the insurance proceeds. Lender may use the proeeeds to reQair or reswre the Property ar to pay sums . -
<br />-�.�� �•= ,F'� � .. secared by tIus Security Insuuiaent, whether or not then due.The 3Q-day periad will begin when the aoiiee is given. '
<br /> `.E'..' . " Un3ess Lender aad Borrower otkenvise agre�in writing. any applicatian of proceeds te priacipal shall not exten�os
<br /> ':'4 ;;�� ' •„ �� postpone the due date oi the monthly payments referred to in paragraphs 1 aad 2 or cbange the amaunt nf t6e paymeais. If. �
<br /> . . , under paragraph 21 the Property is acquired by I.ender.Borrawer's rig,ht to arry insurance policies aud proceeds res�tting from ��
<br /> �� -:��:.^._ :.• . damage to the Properfy prior to the acquisitian shafl pass to l.ender to the extent of the sums secured by dris Security IIIStrnmem
<br /> •.;. ._ :r.:_ . ._ ._.._._.._ ....--- --�-----------------�-------------,:_._...--- - �
<br /> , : -� ---- -�isame�iaieZy piior to�e acqin§ition.-----�--. . • .
<br /> � .. ' 6-Occu��aaey,Preservatton,Mainteaance and ProiectEon af the Property;Borsower's Loan ApplIwtio�;Leaseholds. <:
<br /> .. . . Borrower shall occupy.establish,and use the Property as Borrower's principal residence within sixty d3ys after the exesutioa of .:
<br /> � . � . . this Seauity Instrument and shall con6nue to ocxupy the Froperty as Borrower's principal residease for at least one year after
<br /> .. ;. . .--. -the date of accupancy.uni�s Lender otherwise agrees in writing.which oonsent shal!noi be unr�asonably withfceld,or u�less
<br /> . . extenuating CIICtL�anrBS CR1St WZ1iCI1 are heyond Sorrower's control. Borrower shall nQt desuoy, damage or icapais the . ��' �"
<br /> _ , � . Property. allow the Properry to deteriarate,or commit waste on the Progerty. Borrower shall be yn default if any forfeiture
<br /> , , ". a..�tioa or proceeding,whether civil or criminal.is begnn that in Leader's good faith judgment could resul.t in forfeiture of the
<br /> . .. • Progerty or oxtserwise materiril[y impair the lien crea=ed by this Security Instrumeat or L.ender's security interest.,Borrower may
<br />� . • , cune such a defanit and reinstate.as provided in paragraph 18.by causing the action or proceeding to be dismissed with a rulina ��.
<br /> . ' , � that, in l.ender's guod faith detemunation, precludes forFeiture of ttte Borrower's interest in the Propei4y or other materia] '�_`—
<br /> �r.--
<br /> . impa9iment of the tien created by this Security Inmument or Lender's security interest. Boaower shall also be in defautt if -•. _
<br /> . . .�..�-—
<br /> . . � Borrower.during the loan application process,gave materially false or inaccurate information or statements to I.ender(or failed. �_-
<br />: .. . _ to provide Len¢er with any material information)in conneaion with the loan evidenced by the Note,including.but not timited� . �"`
<br /> •. . to,representations conceming Rorrower's occupancy of the Property as a principal residence.If this Secarity Instrument is on a %�•��
<br />_ �," � ' teasehold. Borrower shall comply with all the provisions of the lease. If Boaower acquires fee title to the Property, the �''��—
<br /> . leasehold and the fee tiile shal!nat merge uniess[.ender agrees to the merger in writing. .,��;��`
<br /> , '7.Protection of Lender's Rights in the Property.if Borrower fails to perform the coveaants and agreements contained in
<br />;�''•V��� `+''� � this Security Insrrument. or there is a legal proce�ding that may significantly affect Lender's rights in the Property(such as a "'
<br /> �co;��*: ', ' proceeding in bankruptcy.probate, for condemnauon or forfeiture or to enForce laws or regulauons),then Lender may do and _�
<br /> "'_�i'a�.;�;, -.. pay for whatever is necessary to protect the vatue of the Property and Lendcr's rights in the Property. Lender's actions may
<br />_•_�..:� � � include payirsg any sums secured by a lien which has preority over this Securiry Instrument, appearing � court. paying ����_
<br /> , reasonable attomeys'fees asid entcring an the Property to make repairs. Althougb Lender may take action urtder this paragraph --
<br />
|