|
�
<br /> � y. ----_==_
<br /> ��=.._ . . ... - ,'--- .. � . � � -.--'i:'��=�.
<br /> . __ ..� . .. ' - ' .�...._. . ._ .
<br /> . -a� �.ra��°r._�,�.-_��_
<br /> ._'_ ^�`.:S��it�++'... s� ' •['�.._ ____.�i•Swn__ _ ' _ _ � _
<br /> �so���
<br /> S. i{as+ird qr i'�t►perty Insw�wxr. H.nruM�r .tutJl lcti� ttk irapra��m.ntc ru�w cxis�inb vr h�rcaRec erttited on t!�
<br /> 1'rcN►en}� insunxl u�;►inu i�u.c b}� tirc, h�eutd+ iikl�u.la1 withiu tlx trnn "extci�la!ro��e�y�" �u�l .+n�•�ut►:r Ii:uarJs. i►kiwling
<br /> fla�ds ur flaxiin�, t'ur w�hicfi L.eixler rcyuirc�iiuurwu�c. Thic in.u►uiue�Iwll hc nuin�uiix� in tfx wixwnt�wxi fur ttu periu�ls
<br /> tiut l.ciukr r�yuires. Thr iiuur;uxc rurticr pm�idin�tAc in.wr:uicc ctwll be nc��cen hy &uruw�cr �uhjcrc tu ix�xkr'.u�,}�����.�i
<br /> whi�h �ll iwt bc unrc:aa+�iuhly wi�hhclJ. If&�rr.iucr fail: tu maintain ravcr:►bc JrKril+c-�!at+uvc, lx�xkr nwy. �t I_cixkr'�
<br /> �tiim.��bwia cuvcr�gc tu pratcct L.e�xlcr'�rikhtc in tlk Pruperty in uic+uJ�xc w ith{'�:u'rgr,�ti 1.
<br /> ::i) 9n:;:r»a:: fm!icirs arn! rc.^.ewal� �h�=.l t+� acr;r�uahlt t., I�ncter,�rul ztull inrlwle:a stx�xl:cn!ntaniy{.e ciruze. l.e�xlr:r
<br /> �hall h:avc thc right to h��td thc{x�licics:uxl rciuw•rla. If L.cndcr reyuirc.,&trn�wer�lwll prv��tptly�i��c t.►l.cttidcr alt r�cipts af
<br /> p:►id prenuun�..:uul n:iuu:+{ iwti�e�. I��ti�e e+�<<u of luss,Cx�r�aw�r�h�J{giti•:prom}u n:�tice �a thc is:�ur:�r.;•c rarricr ar.d Len�cr.
<br /> t.e�xier may m:►!ce praaP of los.c if ixx made promptly by Burruwer.
<br /> Unle:s Lendcr unJ Barrow�er oYherwise:�ree in writing. i��,curance pnxe�s stwll t►e upplial to rest�uatian or rcp:►ir af the
<br /> Property damaged,if the mstor�tion or rep:ur is ec�nomically teasible arul L.erxier's scru�ity is ixu les�ened.lf the retituration or
<br /> repair is noi economirally fe:uible ar Lender's uxurity w�ould be lessened, the insurance pn�ccals shall be applieJ ta the sums
<br /> �ccured by tt�is Security Instrun�ent, whether or not then due, with any excess paid to Bc�rmwer. lf Borcaw•er:ib�nJaiu the
<br /> Pmperty, or does not an.swcr within 3A days a notice from L.ender that thc i�uurance carrier h�c offen�d ta seale a cl:um, then
<br /> Lender may collect ehe insurance proceed�. I.ender may use the procceds to repair or restore the Propetty or tu pay sums
<br /> secured by this Securiry Instn►nxnt,whether or not then uae.The 30-day period wiU begin when t,`ie notice is given.
<br /> Unless Lende� and Borrower otherwise agree in writing, any application of proceeds to principa! shall not extend or
<br /> postpone the duc datc of the nwnthly payments refer�d to in paragraphs 1 mxi 2 or change the amouni of thc payments. If
<br /> under para�raph 21 the Praperty is acquired by Leruier,Borrower's right to any insurance policies and pracceds resultine from
<br /> darnage to the Property prior to the acquisition shaU pas�to Lender to the extent of the swnv secured by this Securiry Instrun�t
<br /> inunediately prior to the acquisition.
<br /> 6.Oocupsracy,Preservatioa,111aiatenaace sind Protection of the Property;Bo�rnw�er's I.oaa Applicatian;I.eacel�oldc.
<br /> °ar.��.•er slti;.l::.�.�:�,.M.»:51ish,ar.���x the Pr�;wsty as Born►wer's F!inci�+al�ecutence within sixty d�ys after the executial of
<br /> this Security insttument and shall continue to cecupy the Propeny as Bornower's principal residence for at least one year atte�
<br /> tiie date of occups�e�cy,unless Lender otherwise agrees in writing,whieh consent shall not be unreasonably withheld.or unitss
<br /> extenuatit�g cin�u.�nstances exist which are bcyond Bonower's control. Borrower shall not destroy. d�unage or impair the
<br /> Property, allow the Propem to deteriorate, or commit waste on the Froperty. Borrower shall be in default if any forfeitun
<br /> action or proceeding,whether civil or criminal, is beguu that in l.ender's good faith judgment coutd result in forfeiture of the
<br /> Property or otherwise materiaily impair the lien creatcd by this Seeurity In�trurr�ent or I.ender's security interest.Bonower may
<br /> cure s�uh a default and reinst�ce,as provided in paragraph 18,by causing the action or proceeding 4�be dismissed with a ruling
<br /> thzt, in Leudec�good faith determinatior�, precludes forfeiture of the Borcower's interest in t}u� Property or other material
<br /> impaim�eni af the lien crea:� by this Security Iacwment or Lender's security inte�est. Borrow.i shall also be in defauft if
<br /> 6.xrower,during the loan app?ication process,gave m�terially false or inaccurate infcxrmation or statemenu to L.eaier(or failed
<br /> to provide Lender with any material infotm�tion)in connection with the loan evide���3 by the Nate,including,but noi limite�
<br /> to,representadons coneerning Borrower's occupaney of tha Property as a principal residence.If this Security Insitument is an a
<br /> leasehold. Bomower shall comply with all the provisions of the lease. If Borrower xquites fce title to the Pmperty, ttte
<br />. Ie....J�3�.^....vi..:!`.�.f=St.l.�r.M�t n�L»r.,�,=an=��,nrl�,q i��vi����c tn��wrworr ir wrlfinoo. ---
<br /> 7.Protedion of I.ender's Rights in the Property.if Borrower fuils to perfar�t�ae covenatNs:s��l agree����u cont�ined in
<br /> this Security Instrument, or there is a legal proceedii�that may significantly affect F..ender's rights in the Propeny (such as�
<br /> proceeding in bar�hvptcy,probate, for con3emnation or forfeiture or to enforce laws or regulatioac?,ttun Lender may do and
<br /> pay for whatevu is necessary to proucY tbc:value of the Property and Lender's rights in the Property. Lender's actions may
<br /> include paying sny w[ns secured by a i;,en which has priority o�ec this Security Inurument. appearing in oourt, paying
<br /> reasonable attoraeys'fas and entering on the Property to maice repairs.Although i.��der rnay tal:e a�,tion undar this parigrzph
<br /> '7.Lender does not have to do so.
<br /> My unou�ts disbursed by Lender under this puagraph 7 shall ber.ome additional debt of Borrower secured by this
<br /> Sauuriry Inuruc,�ent. Unless Borrower and Lendcr agree to other ter[ns of payment. thcse anaunts sl�all bear interest frons.t8e
<br /> dau of disbiuseroent u the Note rate aad shall be payable, with interest. upon notice from Lender to Borrov`er reyuau�
<br /> PaYment•
<br />- 8.lviwtga�e Insurance. if i,eMer requind m�rtgage insuranee as a eondition of m�icing ti�e iw,�accw�e.i uy ii,i�Sea;iu�ity
<br /> Instwnent, Borrower shall pay the premiums required to maintain the mortgage iruurance in effect. If, for any reason. the
<br /> mortgage inwr�ce coverage required by i,ender lapses or cea.ses to be in effxt, Borrower sl�all pay the praniamc required to
<br /> obt�ic►c4verage subst�ati�lly equivalent to the mortgage inwr.tnce previausly in effect.at a coss��ubstantially equivaltnt W tI�
<br /> cast to Borrower of the martgage inwrance previously ia effect, from an�lcern�te mortgage insurer approved by I.ender. if
<br /> se�stantially oquivaltnt mr�rtgage insurance coverage is sot available, Borrower shatl pay to Lender each mout$a sum equa! to
<br /> one-twdfth o£the yrarly mortgage inwrrnce premium being paid by Bomower when the insuruxe coverage lapsod or ceased W
<br /> � be iu ef`�ect.L.eader will accept,use and retain thGCe payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> Fo�aa 3oZ8 9�90
<br /> Pap�3 016
<br /> ---_- — - ti�=T!"---
<br /> �cc�� � K , � t�M`iI'r:5��f$,£_..�j� --- �
<br /> —_ „mR` F �������?�}��,�.� .
<br /> -_. . �ih:-'`'�` . �ri�,-�- ��:� .?
<br /> -- ':a'c"!s��]F�y-��j�( . y�1,�,�:c..?'dy� .�...� _ _ -- _
<br /> ��-• t='����5d? .Lt ��y'( ,"4 a '.. .�`.• .11 -_�yi�oi���-�.��o_ _ - — ___-_
<br /> - - 1�}1ic���rl�r�_w A� ���Y� _
<br /> �{$���_J] TT`'..{,�.x,�'j��...�«`K� , �n . -..�:�r.•t'1K��:� � '�C.'s� � . �S�'e� _��_ .
<br /> c �. • � � L4.. .
<br /> 'IP'G�4"�,• , '�� '.c :l' _• : . . . .: ..•Y a� _ jk„�� �.�_�.rs.� __ _ _.�- .a'
<br /> r:ji -_ � ' .e t�{'«[I!':i;.Y!':rS!.�"� 't:� . .T� t ._��' �v � "_- ��.f" _- 1-az�.:r'�.
<br /> �� f..� � . � - .�• ,�. ... �_,r:a .i . ,�� p�i�'�:=uv:� � ..��. t `Z..__
<br /> J�� �ri.' CJ .. �L - .
<br /> �,�s.y'`,�^. . _ . �, •�; :2.te�-� . . - . ��. .{� T�_`Z►7�-I'+I_. •� _�
<br /> �+ s���',� 'f'''" � . f � z _—
<br /> .b'.:b.�T_� 1 , r • _�=,'.'y, � �vc�:�
<br /> � ' .. _... ,. ... . - � .__ .. _, ` .,.. _ � ,y:'* _ . •�.� ,k. . ...,� . ';-c��',TO �,a.�:«�_
<br /> `„ -.+' • ' _ ' .. •�• � ' : 'a [t�'f�u'�..b-
<br /> - , _ . . -. . . --� � - - - - - - � -. . : . .' ti _..Y:s' �>P_°_.(i�";:t��
<br /> ' .r. .. . • � . .{�i:Ky.l'O.•� , ' /�l 1.� ._•_i �� - _
<br /> a.. . . .:� ,. . .`..ti' ._. . ' ! � -� i S'3x.���$.V9[K�Li':
<br /> t . � . .. � ,�zu�r.,�
<br /> •8�.. • ' ...., ..�.. . .. � . -�n. " _— ' _-.
<br /> ,. ,
<br /> � . . _ .--- - -
<br /> .3 . . _ . . _ . �r.�_
<br /> . . .�, . _ .. - s - ..
<br /> .. . _ . . . --.:•'.--
<br />_ � - .�...__.. �. . .' -- - ---- - �---�-- �. '', .
<br />
|