|
� 1 . ..-..�.-i:r1T�l.�ni--��.-.-.� . . . .1: . . � ..=__ -- T- � ___.
<br /> � . . l�• �r `�� ����-
<br /> v.�+YLL'...�J1�•J�/1�.�.� �...iIM1Y�� -iYPr".� � -- --_ �__ __--__-
<br /> � . . .__......__ �`��._ ._' __���__ • .• _. _ �___._—.—__ --_- _ _ ...______
<br /> _ _ _ �.ti
<br /> .__.�..... ''`L'I�.'l.-'i'-`--._- __ _ �___.___ ._..______
<br /> _ .. . _ ..-_._..__.. _ � _.
<br /> �M A
<br /> � 96- g�35��
<br /> S. tls►'sard ur Pruperty Inwrsuxe. &�rruw•er stwll kcti.p ttu: impro�•ements iu�w exi�ting un c�rc�aftcr :n�tal uii �he
<br /> Pruprrty imurtci;�;aiut luss t�y firc. hal:►rds in.luJ:.;! uithin th; t�rni °�xt�n1�.J�u���ra�;�" :►tkt:u�} �ulk� h;w�:1., i�ktu�iinF
<br /> fluixis ar fTiNxlir�, for��hich Lc�utrr r�yuires inwr��kc. Thi. inwraixc�hall he main�aiixvi in thc an�:�unh und f�r thc(►criad� -
<br /> that l.cn:ler reyuir:•.r.7'ha: in.�ur�� carri��- pnn•iJing th� iusuraiu•� .lull be�h.�,en by l��rrow�r.ubj��.� h► 1.��►.t�r'.:y�pruvul
<br /> which �hall �ku I+r unreax���ably Niti�hcld. lF&�rrow�er fails tc.n�rintain co�•crage dr�crihrd uhc�ve, l.c�xler may, at Le�xler's
<br />- uption.uhtain rn�•cra�c t��ptnt�tit Lcrulcr'�rightti in thc °roparty in xwrd:►nrc w•ith p:uagraph 7.
<br /> All imuranc. �x�liri.�an;i►.n�uals chall h:: u�r�pt;iltil� t��l.crx�er a�i sh:jil include :,�t���lard nx��tg�gc�i:�ux. l.r�xltr
<br /> �Fwll Fwve Ehe ri�hE to(u�ld IhK }wlicic�u�kl rrt�rw•rl�. If Lxikler reyuires,&�m�wcr shall pmtnpEly givc tu Lcndet'aU rcceipt�of
<br />.- �Mi�1��r}}�}.�l�i.AIMI RMVW4�!!!�::rv,.. 1�!(�q PF�NIt1�\I l�1C�� AnK(.�WCf SHAII DIYC�C�l]l1�1t�l:I�ICC�Il I�lf'IM11�7if11Y t`ARIPf 7it1�)�a`iL�C�.
<br /> L.c�xic�nt�y ntuC p�uol ut"losa �i'tu�� nuu�prompdy oy ourrow•cr.
<br /> Unle�.� Le�xier and &�rroa•er elhenvice:�gree in a�riting, insurance praceeds shall be applicd tn retitoratiun�v rcpair of thc
<br /> Pr��erty drn�aged, if the restor�tion o�repair is econ��mi.ally fea.�i�le:uid Lender'x security is nnt leccencYi. If the restaraticm ar
<br /> rcpair is�wi eroru�mically fwsible or Lender's u�curity would be Ie��e►uxi, the in�urance proceeds�haU be applicxf to thr sums
<br />� securcd by thi� Security Inctrument, w•hethrr or ncu then duc, with any excess �aiii to Bc�rrau•er. If Fionow•cr abandoiu thc
<br /> Prapeny, or does not an�w•er v�•ithin 30 days a nc�tice from l.ender that the incurance rarrier ha.�offered to setQe a claim, then
<br /> L.cndcr nt�y collc�t Ihe iruurancc procecds. Lencier may use thc procecds to repair or �cstare thr Property or to pay sums
<br /> secure�!by this Securit�Instrument,whcther or not then due.The 30-day period will begin whe�the notice is given.
<br /> Unless Lcnder and Borrower othcnvise ugree in writing, a�iy application of proceeds to principal shall not extend or
<br /> postpone the due date oi the monthly pa}�nknts referre�! to in paragraphs 1 and 7. or change the anu�unt of the payments. If
<br /> under paragraph 21 the P�operty is acquirz�by L.ender, Borrower's right to any iacur,ince policies and proceeds resulting from
<br /> dam�ge to the Propeny prior to the acquisicion st�all pacs to l.ender to the extent af the sums secured by this Security Instrument
<br /> irrunadiately prior to the acquisition.
<br /> 6.Occupancy, Preser`ation,Aiaintena��e�nd Pratcetion of tbe Prope�ty;Barrow�er's I.oan Appllcation; I.easehot3s.
<br /> Borruwer shalf occupy,establish,and use the Propeny as Borrower's principal r�sidence within sixty days after the execution of
<br /> [his Security Inctrument atxl chall��ntirn�e to occupy tt�Proge»y A� Rorrowe�'s rri!�ci�+� res':dPn!�e for at!es!s+�ye3r afte*
<br /> the date of occupancy, unfess Lender otherwise agrces in w�riting,which consent shall nol be unreasonably withheld, or unless
<br /> extenuating circurtutances exist whieh are beyond Borrower's contwl. Borrower shull not dcuroy. clamage or impair the
<br />� Property. allow the Propeny to deteriorate. or commit waste on the Pruperty. Fsorrower shall be in default if any forfeiture
<br /> action or proceeding,whether civil or criminal, is begun that i�i Lender's good faith juctgment could result i�forfeiture of the
<br /> Property or otherwise n�teriatly impair the lien created by this Se:urity instrument or Lender's security interest. Bonower may
<br /> cure such a defuult and reinuate,as Provided in paragraph 18, by causin;the action or�rocceding ta be dismissed with a ruling
<br /> that, in I.ender's good faith detertnination, preclu+ies forfeiture of the Sorrower's interest in the Property or other material
<br /> irr►pxirnient of the lien created by this Securiry Instrument or Lender c czcurity interest. Borrower shall also be in default if
<br /> Borrower,during the loan a�pplication process,gave materially false or inaccurate inforrr�tion or statements to Lender{or failed
<br /> to provide I.ender with any maierial information) in cotuyation with the loan evidenced by the Note,in.:luding,t�ut not limited
<br /> to, �presentatior►c concerning Borrower's occupancy of tEte P�operty as a principal residence.lf this Security Instrument is on a
<br /> leasehold. Bonower shall mmply with all the provisions of the lease. If Borrower acquires fce title to the Property. the
<br /> leasehold and the fce title shall not merge unless Lender agroes to the merger in writing.
<br /> 7.Protection ot Lender's Rlghts in the Property. If Borrower fails to perform the covenants and agreements contained in
<br /> this�ecarity incttument, ar there is a tegal proceeding th�t may significantly afFect Lerrder's rights in the Property (such as a
<br /> proceeding in bankruptcy, probate. for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatever is necessary to protect the v�lue of the Properry and Lender's rights in the Proparty. Lender's actioru may
<br /> include paying any sums secured by a lien which has priority o�•er this Security Instrument, appearing in court, paying
<br /> reaconable attomeys'fees and entcring on the Propeny to make repairs.Althaugh l�ender en�y take action ur�der this paragrap6
<br /> 7,Lwder dces not have to do so.
<br /> Any amounts disbursod by Lender under this par.�¢r.ah 7 shall become additional debt of Borrower seeured by this
<br /> Security Iastniment. Unless Borrower and Lender agree to oiher temts of payment, these anwunu shall bear interest ftom the
<br /> . date of disbursenrnt�t the Note rate anci sltall be payable, v�ith ir�.�t, upon notice from I.�er So Sortowet reqursiing
<br /> , paymenc.
<br /> 8.Mortgage Insurana.If Lender required mortgage insurance az a condition of making the loan secured by this Security
<br /> Itutrument. Borrower shall p,:s the premiums requirad to maintain the mortgage insurartice in effect. If, for�ny rcason. the
<br /> mortgage insuranee coverage required by Lender lapses or oeases to F�:in effect, Borrower sf�all p�y the premin�required to
<br /> obtain coverage substu�tially equivalent to the nwrtgage inwrance previously in effect, at a cost suhstantially equivalent to the
<br /> cost to Borrower of the mottgage insuran:.e p;eviously in effect, from an altemate mortgage insurer approved by Lender. If
<br /> subctuui�lly equivalent mortgage insurance ooverage is not�v�ilablo. Borrower shall pay to Lender each month a sum equal to
<br /> one-twelfth of the yearly mortgag:insurance premium being paid by�orrower when the insurar�ce caverage t:�sed or ceasad to
<br /> be in effect. Lender will accept, use and retain these payments as a loss reserve in lieu of mortgzge insurance. Loss reserve
<br /> Fam 3o2s 9180
<br /> +.o.aac
<br /> :: :. .. ; ... — _ - -- _ - --
<br /> � •< �+�c ,�� _
<br /> �t�� - . `��`1'� f� -
<br /> �_ ` •.: 0 5,�, .r;�t f��:sF�-
<br />_� � � , f. . . �i�"''� u,;,`1.:��'��_..1�`,r}.'.�_
<br />�_�. ' . ,.. • :. .•�``_. � . ' �C`,�ft�F=`---
<br /> r-�4iFt{++�i �;: ��� ,r .dwos.
<br />_-_.� . • , . . ._ _ i� .�.o-r+-, � � _ i;.• ^• .., �;..��a.�--
<br /> -�i ' � ' .G . Y v - -�• l'{��., •7M "
<br /> ' � . . . a. •`��,yy 'i y'" �_ .- 1. .(¢. . --.:�.-:..._�.-
<br />_ � , .• � ' "._.��, �'C'r'�. •... ':r^ �..;--
<br /> �y�. .�.. �.:c�['_=-
<br /> . . c �.ti�. . . :F:.. j I .. � _�k.:._y�dc".�.
<br /> , - r. � . . . . . t•i�, �� "'L31,1�:�' .. , . .��iL
<br /> ' , ' �,I I� � E�h� ' . _
<br /> �. �.' . r1�,r
<br /> � . 7 .�� � , j�t� � I I I ?�+s S. � �.-0'l-:+=�.
<br /> l
<br /> "�
<br /> _� � � ' �7t �Q�'.��y '- J • •�Y•.n-..,
<br /> ..� .i... �.tx�n[1 .
<br /> '��:
<br /> _ ' . .. . . 4�� 'y�i b� .. , .�'': . ..
<br /> • :vr.
<br /> . � � . " � � ' •�.r...w.�.:a+- _
<br /> . .� �91� II ' - 'm:- � .
<br /> . . •�. _ . ' . ' - .r��• '._;a,_'��
<br /> � � '� -. . . . � i...� .,`:_��-_
<br /> . . --� � � � .�. �.�� .�. '"'..
<br /> -niJ ..._ _ _ __. .. _
<br /> -- �--`----'-`-' -.- . -'-
<br />
|