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<br /> ' _ � J 5-�044�'� . -
<br /> , 5. �or pro�, I�yurauce, Bonrower shall keep the impmvemcnts now exis�ing or herealicr er�ctai on c.�e
<br /> pmparty insured against lass by fire. ha�ards included within the term"extended coverag�'n�►d eny other haz�ards. i��luding r-
<br /> a ar
<br /> floods or tlao�ing. fo�e insurunLeeTCarrler provtdi g he i su�nlunce shulltbe ho�n bY i8o�werC ubject tv Lenderts appmvel
<br /> thut Lender�equires
<br /> L,ender may.ut i.ernitr s
<br /> which shutt not be unmasonablY �n'ithheld. If Borrower faila to maintuin covemge described above.
<br /> optIon.obtnin coverage to protect Lender's dghts in the Proy�eerty in uccordsmce With Pan►Sc�Ph 7.
<br /> All insurunce Poli�les nnd renewuls shail be ucceptablc to L.ender and shall lnclude a swndard mortgugo clnu.se. Lenaier
<br /> shall hnve the dght to hold the pollcles and renewals. If�d�r��ral�hte���8 C prompthnoticc to he nsurnnccecnnler'uund L.ender.
<br /> paid premiums und renewul rtotices.tn the event of loss,
<br /> I,ender muy malcc proof of loss if not made prompUy by Burrowcr.
<br /> Unless Lendcr und Bon'owcr otherwisc agree in writing, insurance procecds hhuli bc upplicd ta restarution ur rcpaic��f the
<br /> Property dumng�af.n icuDl r feus ble�r l.ender'ayEC.�:udty iw uld be Ic,�cncd�clic insurunce procccds shnll be uppliod to thc:�nums
<br /> repair is�t t e Y
<br /> secured by this 5�curity Instntment. whether or not tltcn du�, with uny ex�xss paid to Borrower. If Burmwer�bandm�9 1 e
<br /> - F�raperiy.ur docs ncst an.w�ver within:�u�ys a natice from Lender that the insucnnco carrier i�ua affec+ed to settle u cinim,���q
<br /> Lender may caUect the insuranee praceedc. L.ender may use the proceal T��WP`i�8� when t e not ce is given��y
<br /> secured by tleis 3ecurity IaAtrument.whether or not then due.The 3U-duy Pi don of mceeds to princlput shull not extcnd or
<br /> Unless l.endcr wud Eom�'ver otherwise agree in wdting. any appl P
<br /> postponc the due date oi the monthty payments refened ro tn paragrnpha 1 nnd 2 or change the amount of thc pnyminGs. If
<br /> under purngruph 21 the Property fs acquired by Lcnder,Borrower's rtght to nny insurnnce pollct��s and proceeda resutUng f iom
<br /> damage to the PropertY prtor to the acquisition shall pass to Lender to the extent of the sums secured by this Securlty Instrutnent
<br /> immediutely prinr to the ucquisition. Iicatioa3 �alds.
<br /> Borrower's I.oan APP
<br /> 6.Occupsutcy,Pr�ervallon,Maintenunce and Protectton of the Property; _
<br /> Borrower shall occupy. establish.and use t0e Property as Borrower�s Pripcipal resides�ce witdin sixty days after the execudon of
<br /> � this Security Instrument and shall continue to occupy the Prapeny as Borrower's pr�ncipal residence for at least one yeac after
<br />— tho 3ete of occuPsuc;. u��P`-`��er othecwise agrees In writing. which consent ahall not be unreasonnbly withh��d�ror unl�
<br />; eatenuattng cimumswnces exist �vhich ure beYom! Borr'aWer's control. Borrow��We1���be in�defau�ItAif any forfeiture
<br /> F� property� ailow the PropertY co detedarate, or commit wastc on the Property.
<br />� action or proceecfln8.whether civt{or criminal, is begun that in Lendei s�ood faith judgment could result in forfeiture of the
<br />-;: Property or otherwise rnatcr[atly impuir the lien crcated by this Securiry Instrumens or I.ender's securiry interest.Barrower may
<br /> -� cure such o default and reiastate.as provided in paragrsph l8,by cuusing the nction or proceedin�to be dismisos othetr mater3al
<br />-�. that. tn Lender's good faith determination. precludes forfeiture of the Hortower's interest in the Pcopetty �
<br />::� impairment of the Iten emuted by chis Security Instrument or I.ender's security interest.Borrower shall also be in default if
<br /> '� Borrower,during the loan applicadon process.�ave materially false or inarcurace information or statements to I.ender(or failed
<br />-� to pmvide Lender with uny mqteriul tnformation)�n of thetPro e�th as a U rinc[�al cs dencc�If this Secu'ty Instrument isnon0a __
<br /> — to,representations coneerning Borrower's oceupuncy P rtY P P
<br /> =- leasehold. Borrower shall comply with uli the provisions af the leuse. If Bormwer acquires fee eitle to the Property, the _Y
<br /> �� leasehoid und the fee title shall not merge unless T.ender ugrees to thc merger in wrtting.
<br /> °_'� 7.Protection of Lender's Righta in the ProperiY•If Borrower fails to perform the covenants and agreeme�s con�„ia --�-
<br />_� this Secucity Instrument,or there is a iegai proceeding that may significantly nffect Lender's righ�s in the Pro rry (s �
<br />= proceedin�in bankrupceY• probate, far condemnation or forfeiture or to enforce laws or regulauons), then Lender muy do and �
<br />•.'� pay for whatever is necxssary to protect the value of thc Pruperty end L.ender's ri�hts in the Properry. Lender's sctions muy W—
<br /> include puying any sums secured by u lien which ha5 priorlty over this Security Instrurnent, uppeuring in conrt.paying � .
<br />- reasonabie attorneys' fees and entering on the Property to mnkc rtpairs.Although Lender may tukc action under this para�graph ,� _
<br /> 'f,L.ender does not have to do so. F -
<br /> Any nmounts disbursed by L.ender under this para�rnph 7 shail become addstionat dcbt of Born�wer secured by this �
<br /> �;,:
<br /> ,� Secunry ingtrutineut. Unless Bonower snd Lender agree to other terms af payment.these amounts ahall bear interest from the �ax.
<br />�.a dnie of dtsburscmeni ut the Note rute and shell be payable, with interest, upon notice trom Lender to Sorrower reyuesti►►g
<br /> ';� payment.
<br /> 8.Mort�age Insurence. If Lender requlred mortgage insurance as a condidon of ineking the loa«�secured by thls Scxudty
<br /> Instrument, Borrower shali pay the premiums requtred to maintain the mortgage insurance in effect. If, for any reasr�n, the
<br /> mortsage tnsurnnce coverage required by Lender lapses or ceases to be in effect. Borrower sh�ll pny che premiums required to
<br /> obtain coverage substantiaUy equivulent to the mortga�e insurunce previously in effect, at a cost substantinlly equivulent to the
<br /> - cost to �3orrower uf the mortg�sc insurance o era esi Yn t ava�able�Borrower hull pay so Lender each month�a um equat to
<br /> �:''�I su bs t a n t l u l l y e q u i v a l�n t m o r t}�a g e i n s u r a n c e c g
<br /> one•twelfth of the ye�dy mortgage insurance premium being paid by Borrower when t he insurance cove r a g e l a p s e d o r c e a s e d c o
<br />-:��,� e�
<br /> be in effect.Lender will accept,use and ret�tn these payments as u loss reserve in Iteu of martgage it15ur8ttC�rm 3028C 9 9 0
<br />`�_�.;�YII Paqo 3 018 �
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