|
. ... . . . .
<br />_ •,�
<br /> � � g5.� �=;
<br /> . ' 1���� .._..
<br /> ' S. H� or �ogPrly Yusuragce. Borrower shaU kcep tke improveuzents now existing er�ereafter e�cted on the =
<br /> , �Pro�erty insured ugainst toss by fire,h�ands incladed within the term 'exi�nded coveiage°and any oih�r h,azuds,ir.�ludin� `'-�
<br /> fl�ds or tlaading,fc►r wbich Lender re$uires insurance.'i`l�is insuraBce shall be maintais►ed in the�rounts arzsl for the perioslss
<br /> that I.c�er r�c{uires.The insuraace cazrier groviding th�insuraa�e shall be chosen dy Boreower subject to L.ender's approvo! ``'
<br /> t� which shall abt be unr�asonably withheid. If Sorro�ver fails to caaintain ooverage desrribed above, Lender may, at Lender s
<br /> option.oEtain ooverage to p.rotect I.ead�r s rights in the Properiy in ecAOrdanse witi�paragragh 7. i�;
<br />�:�� All ir�ce galicies and reaewals shap be fioo�iabie to Ler�der ar.d shall inct�de a staudard mortgage ctause. Le;ide� ��
<br /> shall have the right to hold tAe policics and re�ewals.If Lender mluires,Borrnwer shail pmmptly give to Lenster alt receipts of ��
<br /> ` , paid ptemiums and re.�ewal aotices.In the event of loss,Borroiver shsil give prumpt notice to the insuranoe carrier and l.e:tdec. --
<br /> --�; I.en�er may make pt+nof of ioss if Rni made pr�mpdy by Rorrower. •a.
<br />: , Unless Lender and�orro�ver otherwise agee in writ�ng,i�surance proceeds shall 6�applied eo restoratian or repair of the
<br /> • ...� Pio�rty da�ged.if the restaraiion or Kpair is ccaaamirally fca,-ibtc aad Lercdet's secu�ity as nat tessened. If t�►e restoraYion or —
<br /> • repair is not ecoaomiraIly feasibI�or Lender's security would be lessened,the insuranze p�noesds shall be applied to th�snrns
<br /> secured by this 3ecurity Instnimen� whether or aai ther► due. with any excess paid ta Barrawer. If Forrower abandons the �•
<br /> Prapetty.or does not answer within 30 days a notice from Lender that the insuiance carrier ht�s offemd co sett2e a ctaim, then
<br /> I.eader may collect the insutance proceeds. I.ender may ase the proceeds to repair or reswte tite Pr,opa�rty or to pay sums
<br /> . secured by this Security Instrumen��vhetLer or not t6en due.'!he 3Q-day period will begin when the aotice is givea.
<br /> Ur�less Iender and Sarrawer otherwise ag�c�cee in wrItirs� aoaY applic�tion of praceeds to prin�ipal shall not extend or —
<br /> post�the due 6ate fli the monttily payments referred to fvs�x-ara�giappfcy ! and 2 or change the swm�sret of the�ayments. If
<br /> and��r.�t�tfre Pmperty is acqvirr�by Leuder.Borrower's righF t�a�ay insu�ance Roliaes��:�nceeds r�sul6ng fr+om �-�
<br /> � dana�ye ta�tP,���,prior to tlte acquisition shall gass to L�nder tc th$�v�t of t6e sums secured by this�ry Inshvment
<br /> immecRiaftIy�ira�ta�?:�e acqui:Mirin
<br /> G•.�'�':,��+�:T��iateauuee aad FmYc�clt6sa of t6e Pruperty;Baecr$wmr's I.vsn Appt�c�on;�.ease�olds. ---
<br /> Bor�;vx�shaii dsro�,.establiss:ox�use the Property as�rwer's prin�igal residence sris�in sixcy days after the execution af �;�:
<br /> ' tbis 3L�'iry Insfr.is�nt and shall oantinus to oocapy the Property as Borroc�er s principal resideaczc f�c at least one yeas after
<br /> � th�date of occupancy,untess Lender otherwise agre�s ia+��g, whic6 consent shall aot be�,3�witd�d.or unlesc �--
<br /> _ extt�ng ciremnstances exist which are beyond Horramr�''� control. Bo�awer shall noi destn;tir,.��ge aff impair the �___
<br /> Pta�. allow the Property to deteriorate. or wmmit w,�,��n the Property. Borrvwer sha116e a���autt ifad�,�rfeiwre
<br /> ���,� �tcxiGm�r roccedin ,whether civil or criminal.is '
<br /> ,� ; P S begun ttct�in Lecder s good taith judgment w��t r.�tt in fotf�:G.vte oF tbe —
<br /> �. .f Property or atherwise materially impair tt�se lien ereated by ttus Scxurity L•��ment or Leuder's sec�ii�+i�terest.Borruwer m�r� ;:�. .'.': �,
<br /> ,�,� �ute su�a dsfaatt aad ieimstate.as provided in paragraph I8,by causing�;i.qs acxion ar pr�oaee�ag co�fsra•��'�smissed wicb a raling ;��`:.: . —_
<br /> • . � ttiat, in Leuder's good faith determination, preclt�des forCeitiue of the Brirrowe�'s inS�r.r�t in the Froperty or wher�3eriai ,�'�:
<br /> im�t of the tien created�£.�is Searrity Instrumeflt or Lender's secarisy iatciv,:�.i3arrower sliall aiso be im defanIt if• fi'-r"�
<br /> `�•,r Bottrsmec,during the loan upplic�n process.gave materially false or inaecurate infammfian or st�s�rt�ts to Len��rar.�;ar failed � �'�=
<br /> ,�t;'�� to provide Leader with any mateaia!information)in cannection weth the loan evideaced tiy the Natc;.'�tt�r�ifing,�v;:.��t limite� . ---
<br /> ,;,::�.��.. to.represeatations conceming Borrower's ocai�ancy of the Finperty as a p�incipal residence. 1f this�'io�ucity Instr-„s�r�t is ari a � —
<br /> ��;';'�►:�•�" Iea�ehold, Borrowe3 shall com with sIl the rovisions of the lease. If B+orrower a �
<br /> ;,c:��.; P�Y P cquires fee t7�ti to the Frss���ly, tha �� �:
<br /> ,!. .� 4�.^���f�uad the fse title shall not merge unless Lender e�,s.r.o the merger in writing. � � —`
<br /> `` '�.�..�otedton of Leader's I:tghta in t6e��periy.ff E�r�r�o�ver fails to perform the wvenants and agrtements cik�bf�s�ned in�.. -
<br /> this Se�urity Insm�ment,or th�rre is a tegal praoeediog ths�t may signific�tiy affect Lender's rights in tbe Propeaty (sitcb as a
<br /> proceeding In bankruptcy.pr+obme.for condemnation or forfei�mr+e or ta crafnrce la�r�s or regulations),tlien Lender may do and
<br /> pay for whatever is necessary to pnotect the value of the Property aad Ltx�er's rigfits.in the Property. Lender's sctions may —
<br /> ;�• include payIng any sums secured by a lien wh3ch has prioriry over this 5ecurlry. l.r�fniment, appeasing in cau», paying �
<br /> reasonabte attorneys'fces and enterIng on the Peoperty to ma(ce repairs.Adthougb I�errdr�s�ay taYe acflon un�ler this pua�aph -_--
<br /> • � 7,1.Qnder does cwt hs�ve to do so.
<br /> ���..'s�;, Any amounts disbursed by Lender un�this paragrap6 7 sLall t�come add'auonal debt of�orrowea s�ed by chis �f .
<br /> ,��,�'.• Secariry Ir�mcnt. Onless Eorroiver and Lcnder•agree to other terms of payment, these aznounts shail bear inte�est from the
<br /> �;°.``i � dsa$pf dis6ursement at the Hate r�te and shal! be pAyabt�::,,v�ith Intemsa, upoa natioe fram Lender to Botmwe.�.requesiing =
<br /> ,;., p�f iT[(ttEt: � , �'
<br /> �•8.Mortg�ge Insm��ce.If Lender require�mortgage inswanr�e ss a c4nditton of ma3illn�H�e toan secum�cl by Qiis Socuriry �
<br /> ` � Ins�nt, $orrow�r shall pay-the premiumn require�to maintain thQ rs�ro��insurance in effect. If, for any reacotl. tho —
<br /> :' 1 :: mortgage insurance cnve�ge required by Lender lapses or ceases to be in�fed.Bosower sha11 pay the pramiumg rex�oired to ': „
<br /> otrtain eaverage substantially e�uivalent to the mortgage insura��ce prevlously in effoct.a1 a cost substantialiy equ3vatent to the
<br /> . cost W Bonower of the mortda�:ansuronoe previwsly in effect. from an alte�ate mnregage iRSUrer approved 6y l.end�r. If _--
<br /> , " substantiAlly eqaivatent mortgege insurance covernge is not available,Borrower shaU pay tu Lender each mo�th a sum equal to —
<br /> �; one-twelRh of the yeariy mortgage ir�snrance premivai being Faid by Borrawer whert the insurana covcraga tapsed or ceased to
<br /> "''�`�f be in effect.Lender wi11 t,use m�d r�taln th�se a nts as a toss resetve in lieu of mort �
<br /> ...�.'�1` , �P P Y� gage insuran�. Loss reserve
<br /> V�5�
<br /> •':'� ."` � FartR:3T,�28 9/90 —
<br /> ' 4k�7f 3 ot 8
<br /> � �fYt �
<br /> .�i:;'��,�'y . .
<br /> .����r1<1
<br /> :���{
<br /> � •. . . - . , . _�� . - . . , •!�1D ): ' . . �t,�i l!"(y�(�t�� ,
<br /> . . f�')���ti . . . . `li`Pt}q'• �ii:;�t�f��[."�j�,1�y }
<br /> i����'f� t 1��} RW. � ' ,� • �F�R'Iy'e� _ 1�1
<br /> � . - ItiY . -. � 4��i i + •.tj . •
<br /> � � ��� � �t�'� � " „s,[����, � •. . . �:�1'��t�?rl;:��:-�`°`('����>� `j ;, F��,��'��. � � . . -
<br /> � �,4',�q 1 :.�fi:,,... .,},,rJ,}t,�q,���k'�,s���,�' 4. .
<br /> � . � , ' �<<}�'�.5�7�� Jt � � ' ' �� 1�5l��Y!(�fYi! r1�.} t � ' - . , .
<br /> - , • . }����� . -UGt���• .. --�,t '! ��' . •- .. . �
<br /> � �•1j� n�Li ��V t, ��i � - ' i;• • ' ..
<br /> ��/y
<br /> ' _ '.�{;• • . " � � �l' e�� • , � . � •• . �Y`'. .. � . � • ..
<br /> '�.....�s.�.: �• � � .' ' -.� � . - ' - - � - - ' . �
<br /> . � . .. . . .. . . _, .. .
<br /> -•...� ... : • � -�•• �• `- .- ... � � ' • . . .. -
<br /> • _ � o. . � . _ . . _ • . - ' � ' . , . . - . �-, � _ . � � � .
<br />. _ . . _ � . _ . . .. � . . . _. . '��,�� ' .. ' . t' - . ,. ' � . . _.. . .
<br /> � � . . . . . . . �- . .. _ ' ;.p.• .n. � ' �� ' � � .
<br /> . , . .
<br /> . .. . .
<br /> .
<br /> .
<br />. , - ,. . . .. . -;. . . �. . . .. ! �.. . ,� . . . . _ _
<br /> ,; . .. . . . , ' ` ' • " ' . �, s'1'�'. _ .. . . . " "',
<br /> — . �� : , —.�� -- - -- - _ - -
<br /> _ —°- .= - - . .— �_.� .-. . .. _ . `: . . . .
<br /> • _ . •... ; ; • ' .. - .. . • . ' . .
<br /> . . . . • n . .... . . . . - . . ' • - . .
<br /> .a • _ . • . • . . . � .. . ' •- . . , ... � , . : �
<br /> , :... ,.' . , , . ., ,. . . . , , • ,
<br />
|