|
.�,�_____.--_ _._
<br /> � _ .. _
<br /> �(��+ �.��� ,
<br /> S. Hs�rd ar trrpKly ���oe• &�rn�wer.�tuitt kee� the iropmvmxnu nuw a�ciatTn��F�he�ea&er eroc.�xd an the
<br /> Property iaxurod agQi�nt iuss Ay 07re.Iwx.�nlq inctuded within thc tertn "extendai oaser�ge' �nd ony other his�rdf.incl�..
<br /> flc�od�or il�odir�,f�ur whirh Lcnder rcquires imu�re�:e. 'Ci+i.iG�:.ursr:rc�hal!a�m±�imriant i���1Ee emnunts tnd fbr ti►�petiadn •---.
<br /> tlut Lender rnqutrea�. 'fhc insunncc c�r�ler pmvWln�the (rawrrtrc��sf�e19 be clw�n by A�rc�wcr ewbji.end�er ansy�at[.e�der's
<br /> which shall not lx unnasonsb�y witl�held. If Knrrower faile ta mrint�in cavcr�e tfescribod wbo�c, .
<br /> aptton.abtain�overage to protoct l.ealtr's dghta in tlx E'mpeAY in�'c°r'dencA with ptagr�t 7.
<br /> Ali insuruncc poltcies and rencwxiq shatl be accc�tuble to Lender and sh�ll includo a stand.srdo o��r nll ruefi pt�o f
<br /> sl�ll Iwvc ttx rigt�t t�hold thc poltctcs x�d rGnewals.If Lcnder rcquires. Sorrowcr stull pYV�u�t1y'8
<br /> p�y Pr+emium4 Qnd renewal notires. !n ehe event af lc�ss. Donowcr shatl gitre prbmpi notica ta the ins�►nnco c�crler and l.encirc.
<br /> i.endcr muy mulce pmof of loss if not ra�do Promptly by Borrower. �����a�bA or r�ep�ir of tf�
<br /> Untess I.ender�u�d Horrowcr otlxrwise ugrce in wrlt3ng.insuranoe proceeds shat�b�$P�
<br /> Propsrty dumaged.if the reston►tiat►or repair is ecanomicuUY feasiblo and I.rnder's sccudty ts not lesseead. If ttie rtstoration pr
<br /> c�epsir is not ec�nonntcal�Y feasible ur l.ender's socurity would be lessen�ed,the insurance proceods shatl be aPplia!w the sumR
<br /> sav�c�cd by this Security lnsuument. whether or noi tlisn due. wtth any caces.g ptid to �orrower.Ef Borrower aba�dops the
<br /> pzogsrty. ordoes nnt an.wer within 3P.dnYs A not�ce from Lender that the insurnnce carrier fws offered to settle e claim,ttia�
<br /> Lender may callect the insurance prooeeds. l.ender rru�y us° 1he proceads to ncpair or reswre the Pco�rty or to�sy sNm�
<br /> securod by�hiL Secu�(ry Insawnent.wh�ther or nsn then due.The 30-day pertod will begin when the twdce is glven.
<br /> Unlesy Lender und �orr�►wcr atherwise agrec in wdting. nny app�tcudon of proce�is cu principai shnll not extcM or
<br /> postpone the due dats of the monthly payments referred to in parbgraphs 1 and 2 or change tt�e umow►t of the Pa9ment�•�f
<br /> under paruBtaFh 21 the Pmperty is c�cquired by Lender. Barcower's r3ght to nny insurenec po�ieies aid pTOOeods c�esalcinS fm�n
<br /> damago to the Pmperty prior to the ac�uisit[on shnll pass to Lender to th�extent af the suias sa�r�d by this Security Instrumcnt
<br /> imcr�ediately prior to the acquisluon.
<br /> 6.OoeupatxY,Pe+e.sen'atton.Mainten��ce an�FroteMion o!tlte Propertyi&►rrovier'e I.oan Applieatlon;I.�•
<br /> 8orrower�hall occupy.establish.nnd use the Property as Borrower's princtpal residence within sixty days after the e�cecndon of
<br /> thts g¢curiey Instrument and shuli cominue co occupy the Property es Bomower's pdncipal res�deAOe for at least one ycar after
<br />_ ��inre nf occupancy.unless I.ender otherwise ag►�ees in writing.which consent shal!not be untrasonably withheld.or unless
<br /> oxtenuazin�circumstances exist which are beyond Borrower's control. Bormwcr ef��it �c.�t d��ro3. ��� �'-`-�
<br /> Property. allow the Property to detedorate. or commit waste on tt►e Property. Bornower shall be in defauit if cury forfeitnre
<br /> action or proceeding.whether ctvil or criminal. is begun that ia Lender's good fuith juJgntent muld result in forfeiture of the
<br /> Property orotherwise mstteriallY�mPair the lien creatod by thts Secudty Instrument or Lender's�ecurity interest.Bomowe�maY
<br /> cure such a default suid reinstate.as provtded in par.tgraph 18,by causing the acclon or prucec�ding to be dismissed w(th u n�ling
<br /> that. in Lender's good futth determinadon. prectudes forfeiture of the Borrower's dnterest in the Froper+ty or other material
<br /> impaimtent o8 the lien created by this Security Instnunent or Lender's securtty interest.Bornnwer shall �lsa be in defnult if
<br /> Borrower. during the loan appltcation process,gave mater�nlly false or inaccurace infom+adon or statements to Ixnder(or fniled
<br /> to provide Lender with any material informadon)in connection with the loan evidenc�d by the Note.includins,but not limited
<br /> to. representat[ans ooncerning Borrower's occupancy of ths Prop�rty ns u Pdncip�l residence.If this Socwiry Instnunent is An a
<br /> leasehold. Borrower shall comply with all the provisions of the lease. If Borrower acquites fee title to the Property.the
<br /> leasehold and the fee dde shali not mer�e unless Lender I��er fuil to perfbrm the covenants and agreements mntained in
<br /> 7.Pratectton o!Lender's Rights in the Pmperty
<br /> this Security Instcument.or there is a legal proceedin�chut maY si�Nfcandy uffecc Lender's rights in the Property(such es a
<br />-, proccxdin�in bankiuptcy,probate.for condemnatton or forfeiture or to enforce laws or regulations).then Lender may do and
<br />= pay for av�hatever is neces.sary ro protect the value of the Pro�zrty and Lender's rights in t6e Fropecty. l.en�der's actions may
<br />- Irt�clude paying any sums secured by a lien which has priarity over this Secur�ty Inswment, uppc:aring in court, paying
<br /> reasonable attomeys'fees and entering on the PropertY to make repairs•Altt►ough I.ender rnay take accnon under this paragraph
<br />- 7. I.ertder does not have to do so.
<br />_ Any amounts disbursed by I.ertder under this p�graph 7 shall become additionul debt of Borrower secured by this
<br />= Sr,�urity instrument. Unless Burrower su►d Lender agree to other terms of payment, these anx►w�w shaii bear interest from ehe �_
<br />= date of disbursement at the Note rate and shull be payable, �vith interest. upon notice fmm I.ender to&�rmwer r�equestin�
<br />=� payment.
<br /> 8. Mortg�e Insurance.If Lender required mortgage insurance as u conditlon of making the luan secured by this Securiry _
<br /> � Instrumsnt, Barrower sh�ll pay the premiums required to maintain the mortgage insurance in effect. If, for any reason,the -
<br /> = mortgage insurance covera�e required by l.endec lupses or oeases to be{n effect.Borrower sha11 pay the premiu�s required to _
<br />:�j olatnin rnverage substanti�lly equivulent to the mortgage insurance previously in effect. at a cost substantially equiv�ent to the .,
<br /> - cnst to Bomower of the mortgagc insurance previously in effect. from an altemate mortgage insurer approved by I.ender. If �__.
<br /> � subswntially equiv,�tec►t mortgage insurancc coverage is not avnilabie. Bonower shall pay to I.ender euch month a sum equel to �:
<br /> .; one-tweltih of the yearFy mortgnge tnsurance premium being p�id by Borrower when the insurance coverage lapsed or ceased to _
<br />; be tneffect. Lender will scrept,use and retain these payments as a loss reserve in lieu of mortgage insurance• I.oss resenre
<br />-,� Form 3038 8/80
<br /> �
<br />��- Pago 9 0!6
<br /> . . . . .y. .. -
<br /> •K "1,�:.'•�l�e1.���. t . . '
<br /> .� , .. :5:�.'`'!. . ., r �..�f J�� ," i'i l . .�_ .. . ' . .
<br /> ` .`�.x , .
<br /> -'!'J' . . . ' . • ' . . - . . . . ^�-•� J;.�'6'w3�.1l��j t!- o .. .
<br /> .. .V , . ��.• �.. ° � �� .. , ".r.��r�� �`„l.w:'. . . � .. ' � .
<br /> o . .. ,
<br /> � . . . ,� , .. . ..
<br /> r.
<br /> .d. �j ..... . . .. .. � ,. -�•,d.r.7 � .i - . ..
<br /> .. V' , .. • „ .. ° ,.=�:.A -�--..` . ..
<br /> . • �., '� , . ,. ,..' "�::�,'."ti �;.� . � .. .
<br /> ' .' � , _ . . •'�',v x� � . •
<br /> .,. ' , .. . . , . �'+" �,�fi,�. _
<br /> .. ,• . _ . .. ... ..
<br /> ,—_ _-- --- �., - - � -., --•-- -_. . .- -- -�- �•- .. . ... n --
<br /> �.����.� .. . i. � o .. V .0 . .. . � , , 1' .. _�� ' L q t R, - ..
<br /> � .. .� . - . „ �� _ ._ . .. , ' , . .�
<br /> , .
<br /> .� �,° � .• ..
<br /> ,
<br /> .. . �
<br /> ,. - - „ .. . . ..1:. .
<br /> .. 1\ + • �
<br />- . . 1 ..:.� - �
<br /> .� •` . . ., . � • . '
<br /> ` . . �. .�._.__' .__ '"_. __._..'_"_
<br /> �JS'..��._ _. a � ."_'. —_ _ " . _. _. __ . . _ ._
<br />
|