|
�, �. .�. .- _ . . --- �----
<br /> ..... • •
<br /> .�.� _ ,. • ' �� �--
<br /> . . � �
<br /> -- � . ..�:� ,� __ �:�,,.:.T,�_
<br /> . '� l , . �–. ..� liM,� Y.:�1' '. 1'�.: ' -' . _ __. _."._- ` _! .
<br /> .:aa.v.i� .'�t.a.. r.I; ��..r,
<br /> _ _ �'°���'�" ,"4•'r5•r .._ _ ,
<br /> '�_--==--�--�-.----� ` m,. 1n�8 . ._
<br /> - s� �
<br /> � �_-� � •S. Hatsrd a'PropertY law�na. Borrawer �hall �ecp the improvcmente now ex�Ypng on c�rcaflcr ere�ted un u�a �
<br /> „���,��F� � PropeAy inwrcd a�in�t lo�s by flro. h�rda includod wi�hin the lerm 'extended cuveruge" �nd any �Kher h�zwrds. includlo�
<br /> —_ flood�or Ooodin�, for whkh Lcnder reyuires iewranrc.This in�urance r�Fwll bc ros�intwincil in Ihc amcwnls iu►d for the pedodt
<br /> =�° tiw i.ender roquircr. Thc insurancc cAMcr provlding the insurnnce sFwll tx:rhoscn by&irrowcr eubj�x:t to L.ender's�ppre�v�l
<br /> ��� `� whkh�Iwll no1 be unrcar•otwbly wUhheld. If Bum�wer fails t�► mainfpin covemge Qescrihod abavo, l..ender m�y. at l.enJer't
<br /> -�;,�4•' �� opfon,ubtain caverogc�o pnxcrt Lcndcr'x ri�h�s in�hc Propchy in accordnncc wi�h paragrnph 7.
<br /> •— --='-=- All insu�ance palicies wid rcnewaln xFwll bo xeepqble la l.ender wid rhall include u xtw�danl martga8e clouse. Lender
<br /> ...��. ._-=.:�.- rii�ll luva thc right ro hold the policir4 anJ rertev:ais. if Ivncler mquir�a,Rnrn►wcr whaU promptly give to l.ender oll rcceipis oP
<br /> s� �------
<br /> -,�':+'�`���� paid Prcmiutns and renswAl ncNicca.In the event uf losx,&�rmwer rholl pive prompt nouce to the insurancc carrier aa1 l.ender. � -
<br /> ��• � ' L.ender may make prouf of loss ii ix►� mwlc pn�mp�ly hy Bormwcr.
<br /> f, �= ,. ..
<br /> •�.:�`" Unless L.ender nnd Bormwer othcrwisc ugrce in wdting.in�:urnnce pta:eeds Khull bc upplial�o rcatnration or repair uf the
<br /> 4�: • b� ��nY�B���f the resMrotian or repair iN ccAnomically feoxible und I.ender'c�ecu�ity i�not Icssened. If the reuorutiun or
<br /> �' . �: ', repair ic nat economically feu�ible or l.ende�'s�ecu�ity would be Ie�sened.�he insurnnce pmccedx shull be opplial to thc�ums
<br /> _ ��s�►r�r�l����u'` socurod by thic Secu�ity Inattument, whcthcr or nat then due, with ony exceys paiJ t� B�►rrower. If &�rrowcr abanJuns thc m
<br /> .``=ry�'-�,r`'=--"���'�-�- � Pt�+erty.ar daes ncN Anxwer within a0 days u notice fmm l.ender that the inRUrunce currier has offore+l�a retUc a cluim,then
<br /> •.--ti�;..;;:.�.;:,,N;t Lender may collect the insu�ncc proceods. Lender moy use the pmca�da la rcpui�or restore the Prc�perty �r to poy sum�
<br /> �-�� �3�7����• �"-• secunod My this Security Inxtrumc�t,whethcr ar not then due. Thc 30-day perial will hcgin wheo thc noticc is given.
<br /> --� .. _. �., ,r
<br />��`,��!'';; Unless l.ender and Bortower othccwisc agrec in writing, any applir.ati�n af pn�cceds� �o prfncipul shall nc►t extend or
<br /> -� �w�w�':.�;?��x�7� " postpone�he duo drla uf tlir o�uu�ldy pyynxnts rafermd to in pamgrc►pha I and 2 or chunge the amnunt of the paymenlc. If ��
<br /> ;-.,��v.���.�...'j�; under patngraph 21 the Propetty iR acquired by I.ender,Borrower's right to any I�xurance pc►licies and proceeds resulting Prom �__
<br /> -_ �' °�3. damagc to the Pmperty p�i��r to thc xquisitian shall psus to Lender to the extent of the sums sccurcd My�hic 3exurity Inrtrun�ent
<br /> � �-ti� '�i��i .h —�—:
<br /> "�--�' 'y�"�!� iaunediately prior to the ucquisition. �aw
<br /> -� •`:�:�. � : 6.Oocupot�cy,Pn�cervAtlon.MAlntena�ce and Pratectlon of thr Properly;Borrower's I.oaa Applicwtiont L���►.
<br />_---—...::�e,,,, a:..;r.
<br />.r;;;�u`^'`' :'� �''�"`�� Borrower sh�ll accupy,establish.and use the PropeAy as Borrower's principal residence within,ialy days aRer the execution of
<br /> -_:���;��+�, this Secu�ity Instniment ond shall continue to occupy the Property uc Borrower's principol�esidence Por at leust one yeWr after
<br /> ,, the date of axupancy,unless l.ender otherwir�e agrees in writing, which consent shall not i�e unrcawoably wi�hheld, or unlesa
<br />-�.�.._ti;,., ..,:^ .. . _.
<br /> � � •�. extenuating circumstances exi�;t which are bcyond Borrower's contml. BoROwer shall not destmy. dwiwge �►r impuir �he
<br />�:��t " ° - Property, allow the Property to dcterioro�e,ot c�mmit waste on the Prope�ty. Borrowcr+holl t►c in default if uny forfeiture
<br /> s��� •• � �� � action or procec�ing. whether civil or c�iminul,is begun thut in Lender'c gond fnith judgment c�rold resuU in forfciturc uf thc �.:-
<br /> �T��` . • : •• Property or otherwise materially impair the lien created by this Security Ins�rutnent or L.ender'x rccurity mtcrest. A��rrower muy —
<br /> "'' � � cure auch a default and reinstnte,us provided in paragraph 18,by cuusing the uclfon or pracce�iing to be Jismisx�l with a ruling
<br /> .._` ,
<br /> ... ..
<br /> ,:
<br /> -`'�'-- •.�.al;�dt•u'�::�..'. • tl�t, in Lender's goad fuith determinMion, precludes fort'eiwre of the BoROwer's intcrest in the Propeny or cxher matcrial s, _
<br /> -- �
<br /> .�;�: . - �
<br /> - • ,;,,,, impairtnent of the lien created by this Security Instrument or Lender's secu�iry interest. Romuwer shall alsu be in defauit i =
<br />?V:•�' Borr�ower,du�ing the loan application process,gave mwerially false or inaccurnte infamiution or staterix:nts tu l.ender lor fuiled �`"ti'`
<br /> ,i ',:%.},,�, ,�.. r r,
<br />_ _ � ., •..���� �to psuti-ide Lender with ony muteriol information)in connection with the laun evidenced by the Note, including,bu� not bmited
<br /> ��',,;
<br /> " ' � to,crp��.sentations concerning&mower's�xcupancy of�F�Propeny as u principal residenee. If this Security Instrument is on a �,,, ,
<br /> � �•. ,;,", IeasehuM, Borrower shall comply wi�h all the provisions of the Icu+c. If Borrower ucquires fcc title tu the Property. thc _
<br /> -'. ' " � ' Iesrodqld and�he fee tille shall nix mergc unk�s I.cndcr ugreex to the mergcr in writing.
<br />-•�,•�.: " 7.Protertion ot l.eade�'s Rlghts in the Property.If&�rrowcr fails to porform the cavennnts and agrccuknts rontuinal in = ---
<br /> :�•���� ". . � this Security Instrument, or there is a IegAI pmce�ing thpt may �ignificuntly affect L.ender's rights in the Property lxuch vs a F
<br /> - � �`"""""'' • proceeding in bank�uptcy, probate, fnr condemnation nr farPeiwre or to enforce laws or regulati�ms), thcn l.cnder rtuiy do�nd �
<br />_;;;.� � , ��. .<;� pay for whatevcr is ncccssary to protect the valuc of the Property und Lcndcr's rights in the Propeny. Lcnder's uctions may
<br /> � � .��;�; include paying any sums secured by a lien which hus priority over this Sccurity In�trument, appcaring in coun, paying �
<br />:':'' • ` ., ;c,';��r�;y,��;� ��.'r,, reasonablc attarneys' fees and entering on the Property to make repairs. Although C.ender mey take uction under Ihis parograph -�-
<br /> 7, l.ender dces not have to dc�vo. ��
<br /> • ��y4�,,: 1d��i�• �
<br /> h+,,!t;•� Any amounts disbursed by Lcndcr undcr this pnrugraph 7 shall Ixxomc udditional JcM uF Borrowcr kcur�d by this �.�`�
<br /> �' �• `�'' ' �� Secudty Instrument. Unless Borrowcr und l.�ndcr aRrce to other tcrmti�►f payment,thcsc�mounts tihrll lxar intcre+t from Ihc _-
<br /> - '_.; ..,��� --
<br /> ' -t date of disbursement at the Note rate and aPw61 t+c payable. with intcrest, up�m n�nirc fmm l.cndcr to Borrower rcquc+ting
<br /> _ _ ,, ,,.. : . ,•'-., payment. _
<br /> � ' - �;;;�;:;.;�;'' � 8. Mortgaqe Ir►�curance. IF tw:nder required mongagc inwrunce a�a cnnditiun of makin�th�Inan kcured by Ihi.Serurity �
<br /> - : `�`�";? .:, •' ' Instrument, Bonower shall pay thc premiums reyuircrl to muintuin thc �m►rtgagr insur�n�c in clfiwt. If, fi�r any rwum, the �
<br /> _ . �. ' • �� mongagc insurance coverogc required by Lendcr lapscs or cc;�.�cs tu tx in cffitiY, Burrowcr .hull pay the prcmium.r reyuir��l to ffi
<br /> .�.::;.;': ,.,;''_,'.�I� obtain covcrage wbstantially cyuivalcnt t�.thc murtgagc inyur•rnrc prrviausly in cffcrt, at a rotit wb,rrntially�yuiv�lcnt to thc _
<br /> • t.,�, !
<br /> '��'�'��•r i' .;.,.r;:,� F'� P Y � 6 F PP Y .
<br /> � '�;,�.,•; •) ./,, �� wst to Borrower�►f thc mon .� c insurancc reviousl in clTcct, fram an altcrnatc mnn�a c in.urcr a ��,��a n I.endcr. If
<br /> �:�R��������''J'�' '� wb�tantiall e uivulent mon .�se insurance covera �i�no� avuilahla Rurruwcr�h•rll av tu IAndcr cach month a ,um cyual to 4'.;
<br /> • �'''�••1G��}•:...,. y q � F"_ R' P�•
<br /> ' ' �^1`�}s����''i�•'t''+; one-twelRh of thc carl maA e�c �nrurancr rcmium hcin• aid B� Hurri�u•�r u•hrn thc imuranrc ruvcra r lu scd or ceuux!to ; ��.
<br /> , ; .,,�• f��:.� Y 5 €'b P ! i' ) K P , .
<br /> ,.,�� , . '. c�:+; be in effect.Lender will acccpt, u.ce and retain tfiesc Fayments ax u I�n� rc,crvc in licu ��i monga�te insursncc. L.ins rescrvc
<br />- �.`�"��. � i. •� Form 302� !!YD �
<br /> Sj:i .'+�,,��,,� -'J - op�7or8 l
<br /> :i:� .. �
<br /> �'�1 MC'30�9-NE/3 �. ,
<br /> �
<br /> ' . ��ir.�� •
<br /> � i '_ � �J
<br /> ' � . . . � ,���i�.a �� .... � .. . i.I�i'.• ' ' • . . ' . ,1 - � �
<br /> ' 1 .,
<br /> .. . , �
<br /> �
<br /> , �
<br /> 1,� � .. — 1
<br />
|