|
, , .. . --
<br /> �� -W
<br /> � , ,. . ., ' � .. .�.�... --
<br /> . . . ..�...e..�.+.�C':,�,�w� �._ , ,. �� ..
<br /> ,6.�, ; :,�• ... „ 4: . �'�--
<br /> _ .
<br /> _ . .. � „ —
<br /> � � �►�-�0�.�� I . �
<br /> � � 5.1iAZC��d or Property Iasurnnce, �orrowcr shall kcep the improvements now cxi�tin�o hcreaftcr ercc an Property •
<br /> ��- insurcd ngalnst loss by fue.htezards Uicluded�vithin the tertn "eatendcd coverege" end any other hnzards,includJng floo�l�ar „ ^.4 :�:�,�,j:
<br /> teza
<br /> flaoding.fa:cihlch l.�nder rcqnures It�s���nce.This ins�!rnnce sheil Uc maint�ined in the nmountg nnd for the periods that i.ender , :-
<br /> ` -� � requires.'I�e inswranae carriu providing the insuranca shall be cJiosen by Ho�rower subjoct to Lendca's approval which shull not , • -�,yS�;��
<br /> � ,. ,_,. .,:,:.'cer::e=.�-
<br /> . - �� be unreasonubly withheld. If Borrower fails to maintain coverage descri b e 4 a l s ove, L.en d e r may, o t L.e n d e r a o p t i�n, o b t n i n . , _ : ,
<br />� �• -� • ' cAVecage to pmt�eet i.ender's rigi�is ui�he Pcopr.rty in accordanee wlth Pare�aPh 7. • .. - "
<br /> , ,...±..., .0� ...
<br /> � All tasurenco poli.cies and renewnls shall be accepta6le to I.ender and shall lnclud�n standard mortgago clauss.Lender stu�fl , • •3i:.�r.:�t•� �,
<br /> � have tbe right W hold the policies and renewals.If L�cndcr rcquires,Borrowcr shull prompdy givo to Lender ull rc:ccipt�of paid ` 5�',''`�"`•�••'"
<br /> � �, RrJL9Lt�^��
<br /> . �� premiumn tu:d renewsil naflces.In the event of l9ss.IIorrower shall give pr�►mpt notico to the insurance chrrier and I.ender,I.endex ' �� ;, :,-:�:4,h:�•-_
<br /> may make pronf of loss If not made promptly by IIorrawer. � � ���'��
<br /> •.��S��iipwcin+i`�°-
<br /> Unlesg I.ender and Horrowee otherwlse c�rce in wridng,Insiu�ncc procoeds shall be applied to restoretion oa repair of tho �:�,.�P,.��=�;.,,�k.
<br /> . - t,;;,._i=_�._..�,_��..
<br /> Propecty damagecl.if the reswration or repair is econoicnically feasible and Lender s securlty is not lessened.If the restoretion or --_ :;w--
<br /> rep.�ir is not economic�lly feasible or Lender's security would be lessened,the insurpnca procceds shall bc applied ta the sums • ��;r;;ti.=;:�._
<br /> �:� secuted by thi9 Security Instnunent,whether or not then due, with any excess paid W Boaowet. I f Borrawer a b a n dan.9 the =�,�`�`�'"'�--��
<br /> " �' � Praperty.or doe�not answer within 30 days a nodce Crom I.ender that the insurance cacriec has offered to seulc a clnim.then `"°
<br /> �,� Lendei rnay collect the insurance proceeds.iender may use me proceeds eo Yepaie oe easwr2 tha Pap.,-rty ar to pay surn°;.�uru! f' -
<br /> � , by this Security Lnstmment,whether or not then dae.'Riu 30-dny peciod will begin whcn the notice is givun. ��.�_4�"
<br />" Unless Lender and Borrower otherwise agree en writing,eny applicapon of proceeds ta principal shaU not catend or postpone ----
<br /> n
<br /> the duc datc of ihe monthly payments referred to 1r►paragrsphs 1 ond 2 or change the errouIIt of the payments.If under para�grnph ��-_-=
<br /> 21 the Property is acc�uirecl by 1.ender, Bnrrower'y right m any irtswrance pollcies and pmceeds resuiting from d8�►'�Iqe in iho __ - --
<br /> Pcoperty prior to the acqulsidon shall pass to Lcnder to ihe extent of the sums secured by th3s Security Insnume.7t immediate{y =--
<br /> � priflr to the acquisition. -_-
<br /> s'!�' 6.OccupAncy,Preservatbn,Mlpintenwace and Protection of t6e Property; Bnreow�r's [.os�n hpp�lc�tbn;l.eaec6olda. �
<br /> � ... Bosrower shall occupy,establLsh,and use the Fropelty as Bonawer's principal residence wit�in si�cty days after►he ezc�cutio�i ai - --. --._
<br /> ., this Scx:urity Instrument snd shaU continuo to occupy�ha Pcopesty as Borrower's principal�+esidence for at Icust one year after tho _ _.
<br /> � date of occupancy, unless Lender othenvise agreey in writing, which conscnt shall not ba �antcsisonably withluld. ar unk.�s — —
<br /> • extenuati[tg circiunst�u�ces exist which aro i�yond noriuwri�i�iiiiivt.nv.a�.ti+o�sti n�i u�SrG�,t�st�g�o�ssss�'.i:$'=Psc�;.
<br /> � allaw tho Prop..rty to detedorate, or commit wavte on the Pcoperty. Bo�aowcr shull be 'sn defeult if nny forfaIput action or — -
<br /> procesding,whcther civil or criminal,is begun that in Lender's gond faith judgment coulrl result in forfeique of tho Proputy or
<br /> .. othecwise maicriaUy i�mnnir the lien created by this 5ecurity Inswment or Lender's security 9nteres4 Borrower may cure such a
<br /> def�ult and reinswta, as prov�dod in paragraph 18.by causing the acdon or proceedi.-�g to be dLsmissod wIth a nding that,in
<br /> Lender's good faiU�dr.t�rminntioa,precludes forfenture of thc Aorcower's interrst in the Property or othcr metesi�l impainnait of
<br /> the licn created by thjs Socurity Inst:ument or I.endea's security interes�Banower shnil also be in defeult tf Horrowet.dudaig�tee �.
<br />: loan applEc�tion process,gavc materially falsc or inaccuratc informatton or steGements to Lendcr(or failed w provide L.endar with ��.
<br /> eny material informadon) in connecdon wih thc loan evidenced bv the Nou, including,but not limited to. repcese�►tadons
<br /> concemiag Bonuwer's occupancy of the Property av a principa!residence.If this Security Instiument is an e leasehold.IIormwu .
<br /> _ . shall comply with all thc pxovisions of thc lesisse.If Bomower acquires fee dUe to the Property,the leas�hold ond the fee dtle shall �,
<br /> not mcrgc u�dess Lcaider apees to the merger in writinng. ��-�
<br /> 7.Protectbu ot I.eader's Wghts in the Property. If Barrower fails to perform Ihe covenants und agroements cenmined in [�c���-�--�
<br /> this Sec�uity Instr�ment�or�heta is u Iegal proccc�ding that may significantly affect Lcnder's rights in the Property (such as u LT.°�:•��.--- -
<br /> ;���.:,;.--�----
<br />. procecding dn ban�auptcy,probate,for condemnution or forfeiture or w cnforce laws or reS�lations),then Lcndcr may do ortd pay ,.,.,��. ---�--------
<br /> '.. for whatever is nc�cessery to protect the vnlue af the Froperty and Lender's rights in the Property.L.ender's acdons may incluSe i�;^.;�:;�
<br /> �s.. -�-
<br /> *.. puYing any sums secured by a Gen which h�s pdority over this Security Instnunent, appearinB in onic�t, payinB reasonablo ,.-.,-��.:±A.�_—
<br /> �,� ettomeys' fees and entering on the Property to make regairs. Although Lcnder may take action under this parngreph 7,I..c,ndcr =•��.:';t: '�
<br /> � docs not havc to do so. �� :-"----�°:
<br /> �� My amounts disbursecl by Lender und�er this paragraph 7 shxll:►ecome additional debY of Bomower seeuced by this Security ' '�`�` - --
<br /> InstnimcnL Uniess Barrowe� and Lendcr agrec to othcr�.crms of payment,�ese umaunts shall bear interest from thc datc of •��'.��
<br /> dlsburscment ut the NAte ratc and shall be payable,with interest,upon notice from Lcndcr to Borrower roqucsting paymenG
<br />- 8.Mortg�ge In�urynca If Lcnder required mortgage insurar�ce as a condition of making the loan securcd by this Security
<br />_ Insuumen� Borcower shall pay the premiums rcquired to maintnit► the mortgage insi:rance in effoc� If, for nny mason,the I
<br />
|