|
.q"'""'^"t`.�:,,�`{�`'��+R"'' -. .. .
<br /> � ' �'�� -
<br /> �,. ..,� � :. -
<br /> , - .. . ...... _ ... _— .� .,�. . .
<br /> , — �.,-s,.an.rr viiM�v.-..�..� �1 .
<br /> •i. . r , �� _ .__. .._ .i.
<br /> � _.._.. ._...._.......'__ __ _ —__ — _ _— _
<br /> _'—__ _' _"'' . ' -:c.vs:Y:='� _ _ _ _
<br /> • � ���M�
<br /> 5. (Ky�z�rd ur I'mpeKy Itr.s�urA�tce., �tlYfUWEY Slfilll �:CY�S thc iiuprovc:iiitr�is �iuw cxisting��l�creaRcr crcct::+l ��ia l{i.^. =
<br /> pn,p�ny inburad agrinst loss by�fire, hau�r�ls iix;ludect witlilit,thc term "extGnded caverug�" mu! snY other. hazurds, Includ�nK
<br /> ttoods or flaxiing, fur which l..�ndtr ror,uires insurvnse. 'Chic�,iF�FUrance shall be maintained in ih�:anto�nts end fir the��eriody
<br /> thaq 1.,erxkr aquira�. The insu�ai�ce cxrrie�:providing tlu:in:;�t�;4n�P sl�all be chosen by Borrower subject ta L.ender'F approval
<br /> whlch :jii�ll rwt be unrcs.4unnbly withhtid, if&,r�uwc� failh�zo�:��nta�n �OYtI"d$C (�C5Cf1I�(I YI]OVG.
<br /> l.axf�r may� kt l.ender'e
<br /> up;io,�.ol;;;a,�,;oecragc to protect 1 r��trr'K ri�htK in Ihc Pr��x;rty,in,accn�dar►cc with paragrnph 7. r—
<br /> All inacrwnce polici�c and renew�ts_shRlt M:e�cceMnbin;to�(a�nder and sh�ll includo a Ftandnrdernor��tr al��ac�ip.�f
<br /> shall have the right to h�ld the polii►j he e ent of ta�9 Ba�n�M�►shu��8'�iv�e p o nP�hnc►���o hte�sura�ue carriex 1n�t 1.e:�er•
<br /> pnid premiusns ar�d�newal notic�. .
<br /> l,ender may make p�cwf of loss if not mad:t pmmptly by Borr.(atMOr•
<br /> Unlcss l.encler uixl I3arrow�r otherwe��:agrca in writimn, ins;�ar�»ce proceeds Shall be applied to rcstoration�r rcpair nf the
<br /> P,�o�elYy damagtd,if the restoration or relaair is econnmicHlly�fet�ib��tiar.-.i l.endrr's sxurity is not lesscnod.If tho resroratlon or
<br /> repair is not econorc�ically feasibl�or Len�.-kr's security wpuld.IHt k�,tie�nal,d�e insurance proceais shali be�appA[�+1 to th;,�sums
<br /> securod by this Security Instrument, whe��xr or noc tt�,:n due, wtth:��ny exccss paid i�aorrower. If Bo;r�wer abanciong the
<br /> Property,or daes not answ�r within 30 days a notice fr�am I[.�:ndnr lhnt the inst�rance carrier has offerai�sen�c�`o��'n'ums
<br /> ��tder may collect the insurance procuy.�s• 1.ender may u�rG �1��►�p►i:�ds to repair ar restore the Pro rr/ p Y •
<br /> sxured by thta Security Insttument,wheth:r or not thcn dur.,Th+t�a�d�1�y Pic,�at on of���roceedseto princi�pal lsh�1l�nnt extend nr
<br /> [lnles� Lender and &►rrower otherci�i� a8ra in writii�B, an,h�.ap{►� P
<br /> postpone the due da�e of t1�c uw►iu'�ty�jm..':�ts rcf:ral t�iR:paf4;�rwnhc 1 end 2 or change the amount nf thr paymaats. If
<br /> y�r�der par�grnph 21 the C'ropeny is acqulrad by L.eixfcr,Bar.sawui fl•��►t to any imu►•ance policits and proceeds asulting 1'rom
<br /> dama$e to ttx:Prc►petty prior tu the acyuisition shull p�+ss ta F..�tx1eC!�'�the axtent.of the sums socurod bY this Security Instrumrnt
<br /> immodiately priae tc�the acquisition. ��w�,,s�Appliutlo���•
<br /> 6.Ocsupanc7'.I'r�er�'dlnn,lN#intewa►nce�nd Prcokt�ti4t��1[�tfyt�lPraperty:
<br /> Bo�rower shali accupy.establish,and use d�e Property as�ar.aoN+ur's p;nU�ipal residence within sixty days aftcr thetixecutiart of
<br /> itiis Security Tnsrnimene mxl shail continue�to c►ccupy thc Pr.c+�x;t�.y,.ar�����'mwer s•��rincipal residence for at leASt one yar afte�
<br /> the date of occnpwxsy,unl�s I..4nder�ther,wise agrecs in writina� wb�i►�P�������:�1 ��unma.wnably withhctd,or�n!�s -
<br /> ezsenuating circamstanees exisc which arp beyond Rurrowar's contr,c�.;, Borrower shall not destroy, dama�e or in�pair:lhe
<br /> property, Allow the Property to deteriarate?, or oommit waeta on..fh�,,.[?��peny. Ilorrowrr shaji be in de�fauit If�ny forfaiture
<br /> accion ar proc,�tYding, whdlkr civil or criminal. is bcgun r.h,tt ia.;lU:mtaF's Boocl faith judgment cauld result in fodeiture�f�hc
<br /> I�ropeYty or a'nerwise maiaiaiiy i,.:r.3:.t��;!i�^.zr��y t1�i�Sycucu►`instrument or i..endee's secur[ry interat.Borrowar may .
<br /> cvne such a defa�ult and reinstate,as pmvida�in par�gra,ph lfl,b)�cHr�t;irr�the:�ct�an or proceoding to be di�nissai wt'icth a���g.
<br /> that, in l.endet's good fai►h determinntion; precludcs forlFeiti�r.r,af.,�k�e Borrower's interest in the Prape y
<br /> . impairmem.o�3h� lien created b.y this SCCarity Instrumcnt.nr.ir,rs;�dtr's.sccudty interest. Borrowac shatt elso Ix. in detault'if
<br /> .3Borrower,d.uring th�Iw�n appllcation procet�s,gavo muterlally,fs�a�:.�err,�ns�ocvrata infornu►tion�r.sj�lttments ta I.erder(or fii.lai
<br /> �o.pmvide Yxnder with anp•m�tarial informition)in rnnnr,�ti�n iu?;�t��l�e loan ex�id,cricai by the Note, incladin�,bat not limitod
<br /> to,repre,xntuions c�nncerning&�TCOwer's oxupancy ot the:�l°r�n��+:as n PrIn��FaY,resi��nce.Yf this Socuriry instrurixnt is on a
<br /> �p�,�d, gornower shall comply with all�the provisiona of,t�ir..`-lre�se• If Aorrower �aquit�s.fee tiQe to the Ptop�rty, the
<br /> ��ei�oW ani the fee titie shall not merge unl,�ss Lendcr agrecs t�w l�;xr�erger in writing. ' �_
<br /> 7...�:.�,�M�r..wt�r+�Rirhts In the Pmlt�'�Y•If&srcouror..faila to�xrform the covofaani�anc!agroementa contained in
<br /> this Sacurity inatcument.or then+is r :egal�xocealinp thitt mag:9i�t{ificantly effect L.srWer's rights in cnc Ru�,z�.�+(�+",:�'.=
<br /> ������bu�uptry,probrto,for condreeuwtian or forfeitnn:�Ut to u�fot+ce laws or xegulotions), tt�en l.ender mAY do and
<br /> p�Y for wt�atever is necessACy to,prote�.�t the•.value of tho Pro�erty�.dcnd Le�icr'a righcs ir�the PropenY. l�cnder's actio�s msy
<br /> include poyin� anY sums saured 6y a litii which lut� pri.�pr+�".y �Ver this Sect�riry Tnstrumrnt, a�nn$ in caou�t. paY�E
<br /> raeon�bl�siitornqre'fa.s ancl e�t�ring on th�o Pmpeny to mnke Ec�na�xs. Althcx��r,h Lender m�y'�trilce aetion under this pan�raph
<br /> r ..7.[.d�deK:�li�not have to do so. ' ';��• ` .
<br /> ` An�,amounts di�buraal b,y Lender urkler this tmragr'�Ah;�.�:��1 ���itional:�debt of Borrowec socucod 1�y this
<br /> ': � .�ecvrity;Ynsirucr�ent. U►iless Borrower and I.�ndcr agrec ta oth�ef�t�nf pa}hric'at,.these amfclWnts sh�ll�T iiotere.vt.from d�e
<br /> dace of ilis5�cics'ta�enc a� ehe Nao rato and s'hall Ix: pnyohlG� v�►".t�`:�:±mter�t, u�xrn notice fico�n,3.e�er to Acirrower�in6
<br /> �r���.�:�' � . .
<br /> f�.��Issurance.If i.endr.r rhq��,lrcd mortB�Be ineurana•n As a conditiun of making ft►e toxn socpred by this Socurity
<br /> ir�s�rumpn$, Horrower stull pty the premiumF�rogui��c�1 to anaintnin��Sli�c mortgage insurauxx in effect. Yf, �'.ar any rcason. the
<br /> :�°moRgap�e�.i►wrance onverago requirod hy T.endcr li►p.�cs�r cea.�1�.�iit in effoct,Horrowar�hull pay the premiums roquiral to
<br /> obt*in oo.re;rAge substan6�lly oquivaleM to th�:mortgAgc in�urarrcc pro`�r3ously in effocc>at si.ca�t substantially equivafent to the
<br /> cost to 1Bcirrower of the mortgage insurance previausly in.eft�tn� �r�Ch�Ya�Itcmate mort��,q'insnrer approved by [.ecdcr. If
<br /> substantialiy equivalrnt mottgage insurance cov�ra�e is not avw'ldblu4:���Wer shall psy to'l.ender errsh month a sum equa!to
<br /> ox►e-twclfth of the ye�'ly mortgage ingurancc p�remium M:ina pnid�i�y��.b7t�vwer when the invuratxe coverege lapsofl or ce�ed to
<br /> be in effect.Lender will accepc, use and raain�hesc pnymente na•a�IaK�:.rescrve in lieu of,mon$age insurance. I.oss res�:rve
<br /> � .. Fwm 3oz8 9190
<br /> ' � P�ye 3'u1 b�, . - . '
<br /> , , , . ; r
<br />
|