|
_. . -.-,,�... �,�.�o.�.- :...-..� •.1}i Y'N�+ . ...__.
<br /> . .-,
<br /> . , .
<br /> ....r Mw� litA+�sm�. � ' _ . __.
<br /> M}�{y}:iW��"
<br /> _ � --
<br /> _ ii ��Vf'�i11W^�,- � 1.. . .. . ..- _—_--- —
<br /> .- � 7�I'r � -�...r+A_ _ . . ___.. .. .__. . _.
<br /> �'g'"' �.Q��r95r�
<br /> 5. Ila.:�4�� ey�C'ro�x•.iy l�;S��ranc�. {a11ii0wc� eh:�t! kcc�� �li;: hujrrcwcuccx�tr� �unr exir.cin�; a� hcrcaRcr cr.�tticl u�� u�c
<br /> pr�►rxrty in�ured agalnst loss by fire, hazarcls incluQed within the term "extended covett�go" at►d i�uy nthcr hozurd9, inetudin�;
<br /> n�,n�n��ng.1'ur whicl�Lender roquirt�lnsurancc. 'rhis insurnncx slu�ll he m�ntAinod ht ihe�urwunta and for the peduds
<br /> that Lender ra�uira,'[he insuranee carrier pros+lding�he 9n�urnnce :shali be cho.sen by R��rrower subJect to I.erxlcc's ep�roval
<br /> which sh�il tx►t be unreax�rwbly withheld, ff Borrower tsils ta mnint�ir��bvtr�o dascriboci abavc, l.cnder mey, ak l.ender's
<br /> option,ohtain coven�e ta protxt Lender's rights in the Property in nccflrdance with C►ar�igraph 7.
<br /> A!! f�i:,ur.:+ka�;�ticfe� uixl��;�w�ls :�iirU E►e uvucptrofe to C.ender anci sh�li in�lude a Rtarxiard mortgage elau;iC. Lx.rxler
<br /> shall lu�ve the right to hold the policics and m�ewaEs. If I..ender roquires, Barrowet sha�i promptly give to L.ender nl!rectipts of
<br /> �eid prcmiums ancl rcnewal roatices,,fn the event of loss,Herrownr shall give pn�mpt notice to the insueance carrier ar,d Ixnder.
<br /> Lender nwy nudce proof nf loss if not rt�ade promptly by Borrower.
<br /> ilnlGCS L.ondes�nd Borrower dherwix agroe in writing,lnsurana pmcoods shnll be appliod to restoration or rc{rsir oE the
<br /> Pmprny darrngai.if the restoretion or repair is economically feasible nnd f..endcr's seccrriry is not lessenuf. Tf the rr..;tsvation or
<br /> rc�sir is nai cconomicafly faxsible ur Leixler's scxurity would bc lessenod,tha insiirnna proaals shali be�Iocc�lr,r:lho Swns
<br /> aocurod by this Security Ins4rument, whettur or not lhen due. with any exetsa paid to Borrower. If Borrower at+u�dons the
<br /> E�roperry,or does rwt answer within 30 days a notice from I.tnder that tha.insumnc;e cr�rcier hu offeml to seqic•a clnim, thrn
<br /> l.ender may copect the insurance prococJs. i.cnder nu►y use the procaeds t4 xcpnir or reston: the Praperty or to pay sums
<br /> securad by this Security Instrument,whether or not then due.The 30-day pui�d will bcgin whcn thc notice is givr.n,:_.;
<br /> lla�less i.�ndcr u�d Borrawer otherwise agree in writing. any applicxtinn of pr�ocoeds to pdnc:ipal shall nne�cyxta�d or
<br /> postpoae the due date of the monthly p�yments roferrod to in puagraphs 1 �uxt 2 or chnnge the amount of th► mycmencs. If
<br /> uncie�paragraph ZI lh� Pcoporty is acquired by Lendar,Bortnwer's right to nny Insurance policies and.proccads r��u.4ti►�g from
<br /> damage to the ProQc�sy prior to the acquts6taoa.shall p�ss to l.�nder to tho eatent af cha sunu sxured by lhis Security•Ii,YStrurnent
<br /> Immcriintely prior to the acquisitiore.
<br /> i.Occap�acy,Preatrvat�,7+t��teruwre and Hntaxion of tbe P�noperty:&inr,n+cr'�I.oan Appli�c�tUoN;I.ryad�oldr.
<br /> Borrower shull occupy. estaBlish,and use thr Psaperty as$arrowr,r's principal trsideno�watt�in sixts•�3�}�after tt�:c,ttcution of
<br /> this Su;ur�ry Instntmrnt and stWl continuc to o�ccupy the Pmperty as Bunc,ow�er's pdnciprl residcaee ic�•at Ita4r ax►,�yar afttr
<br /> the d�te of accupYr►i.�y, unless I,endcr othotwisc a�roes in wridng.which consent shull �xx be unra�w8y��withiu:kl,or unleaa
<br /> ext�nuating ci�r.umstu�ces exist which are beycxxi Borrower's contml. &�rrow�er shall not destroy, damoge+�3,,i�a�ir the
<br /> Projxrry, allow th�Pmperty to deterionte, or commit waste on the Pnaperty. Burrower shall be in defaiult if sj7or �`orfeiture
<br /> �ction ar pcuceoding,wt�thcr civil or criminal, is btgun ttwt in I.ender's good faith judgment could result in fcry$t�twn of the
<br /> Property or otherwise rrwterially impair the lien cmatal bj+this Securiey In�ntment or Lencfe�'s securitY itxertst.Hi�tnuwer_auv
<br /> cQre saci�a cefi�ule and reinstate,a4 providod in�grnph 18,by causing tha�ctian or procYCding to be dismis��with a ruling
<br /> that, in Ler�der's good fiith determination. {mct�des forf�ituc�e of tho 6orrowtr's intercst in the Propetty or•dt�r n�terial
<br /> impaim�ent of t�e lirn crated b� ihis Securiry Instrunxra or I.ender s sca►rity inter�st. Borrower shall also b����in defw►It if
<br /> Hc►rnnNtir.during the loan�ilicsti�ii nroces�,gpve materialty false or iiiwoaunto infocmuitiau�ir statecnrnts to I.en�c�r�failed
<br /> to providc Lcndar�►*ith any maierara3 3nf'ormiticm)an co�u�ection with thb loon evidc�nccd by,:he Note.itw�uding,burt itot IimiMd
<br /> to,nprcsentations c�neeming Botmwer'�s o�cupqticy of the Propedy ss a princip�l�sidt.t�c.If thia 5ecurily Instntment is�on x. .
<br /> lea.gelwtd. Bomower shall cumply with ell the pmvisions uf tha�ase. If&�mower•acquires fee title to tha Pt,n�xry. tbe
<br /> leasdald and thc fa titic shaif na tt�erge unless I,endcr�groes to tho mager in.wdting. .
<br /> 7•����''s Ri�Nte Ia the Propa�ty.If Borrower falls to ppform thc covcnants w�d sgrxment���eained ia
<br /> thi�Security Instrumrnt. or ihea is a legal procaed'eng that may signiiic�ndy affect I.tnc{er's rights ia ihe P�p�rty(auch�u a
<br /> procoodiog in bankrupccy�pmt�rte. for conciemnadon or forfeitai�e or to enfon;o laws or regulatians), thp�1,en�ie�r rnry do aod
<br /> pey for wh�tever is nxessary to protect the value of the Property�nd i,e�icr's rights in the Paoptrty. Ixed�e:'�4:a�tioa��tny
<br /> ina�►tde paying any sums secured by a lien which hac priority over this Savrity Instrument, appexring in r..ixust, p�ying
<br /> reau�qbk attort�eys'tees wd aKering on the Proper�ty to rru�e r�peirs.Althnugh G:nder•mny eakc actian under d�s�rtr�gr�h
<br /> ?.La;nder dax:�ot luve to do so.:;� . . .,
<br /> � My u»ounts disbµieod 5a.•L.cndcc undei�this pangraph 7 shall b000mc sddition� det+t of 19c�rtniwe►•�.ti,�red by tfiis .
<br />° Socuriry I�utrument, tlritcss iBacrzrwer and Le�der agrx to other tcrtns of paynxnt, th�'.tii�ount� st►�;�bear,�nj�s�'mm the
<br />- d�te of disburaement at the Nv(e';rnte and stiali be payoble..with intnresc,upcm notic:�Sc�c�m Lenckr to BarnrMef's:;ta;{ueeting
<br />= pcynoa►t. : ..,�. .. . . , .•.�• . :�:,., .
<br />= 8.Mort�C Fm�ur�ace. If•i:esiu�r roquiral mortgage i�iance as a oondition of malcing the loan securect by thi:5ecurity
<br /> Inacrument, Borrnwer shall pay.the premiums roquirod to sr�intaiu tha s�urtgnge insurance in effoct. If, fc�r�wry re�on. the •
<br /> mortgqge insunuxe a,ye:r�►ge cre�riE.red by I.onder lapses or�ta be in eifect,Borrower shall pay tht pre�niurns rGquiced w
<br />: obtain coverage�ubsrontirlly pquivr;lent to the mortgage iaciu�stecC.p�evious{y in effect,�;�a:ost substarni�ll�acpniv.�4cm tu the
<br /> oost to Borrowcr of thc nartgar�:,:irsurnrx�e p�viously in e�fcet�:4'+'nm an alternatc mo"��nge insuter app�t�utilxi h�•�iL�kr. If
<br />� subaquitially oquivalent mortgage insurance coveroge is not avaiiable,Bo�rt�wtr shal[pay to Lender es�ch movut�•a sum equal to
<br /> unc-twelflh of the ycarly nartgage insurance premiuAn being paid by Borrowrr when the insuranco coverage la��ed or oeased to
<br />: .. bc in effect.Lcndcr will acaE►t.use and retain these payments as a loss cescrve in ticu of mortgage insurrn�ae. I,oss r�crve
<br /> 1oKm��"�B 9/80
<br /> - Ps�a 3 qt tl . ' .
<br />
|