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<br /> K ��sur�nce, po�•�nwer shall keep the improvemcnts now exis►in�a hcr������ the
<br /> x. t�a or �� r
<br /> Pro�xr�y ins�red against toss by fire. hazards includod wlthin thc tcrm "�xsen�ed coverage" and aoy other hazacds, including
<br /> itoals ar fiaxling, for whic{►Y.eixic�rtyuir�;s insurance. Thie ins�lrancc sh�ll h�c maintained in the amounts and far the periods _
<br /> that L.ender requires. Tho insurai�ce curcier providing the idsurance shall be chosen by Barrower subject to L.ender's approval
<br /> which shall not be unren.conably withh:ld. If Borrower faits co mAintain coaeruge desc�lbed nbove,
<br /> I.cndcr may, at Lender's
<br /> option.ebtuin cdverage to protect l..e�xier's rlghtb in the Property in accordance with parngraph 7.
<br /> Ail insurance policies wxi renewals shall be aa;eptuble to L.cnder und shall include a stundard mortgage clause. Lencler
<br /> shall have the right to hold the polieies ancl renewnls. If Lencfer requires.
<br /> Bc�rrower shall pramptly give to Lender all receipts of
<br /> paid premiums and rencwul notices. In the event of loss.Borrower shall give prompt notice to the insurance carrier nnd Lender.
<br /> l,�nder n�ay make proof af loss if not madc prom�tly bY Barrower.
<br /> Unless Lendar and Bonawer otherwise afiree in writing.insurance proceeds shAll be applied to restaration or repair of the _
<br /> Property damaged,if the restorntion or repair is economically feasible and i.ender's securiry is nat Iessened.if the r�toration or
<br /> npaf� is not economicaliy feasible or Lender's secur[ty would be lessened, the insurance proceeds shall be applied Qo the sums
<br /> secured by this Security instniment. whether ar not then due,with any excess pzad to Bonower. If Borm�wer abaisdons the
<br /> Property,or docs not an:,wer wlthin 30 days a notice from Lendcr ihat the insurance currier hus offered ta settle a claim.then
<br /> Lende�muy cc��le�� the insurnnce proceeds. Il.ender mny use the proca,ds to rcpaie or restore the Propeny nr to pay sums
<br /> saured by thts Security Instrument, whether or nat then du�.The 3aday perlod will bcgin whcn the�iotIce is siven.
<br /> Unless Lender and Borrower othcnvise agree in writing, any application of proceeds to principal shall not axtend or
<br /> postpone the due date of the rnonthly payments referred to in paragrsphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 21 thc P lor to thc a�quis'i�ti n sh Pass�Lender to het exteut of the mssecur«l by th scSecunty In trufinent � .
<br /> damage to the Prope�ty p �9
<br /> immediately prior to the acqui:,ition.
<br /> 6,p��p��y,i►�ervAt�on,Maintenance and Protection oith�P�»perty;�iorrower's Loan AppUcxtion;I.easehold.9•
<br /> Borrower shall accupy,establish,ns�d use the Property as Borrower's principal residenct,within sixty dnys afte�the ex�xution of
<br /> this Security Instrument and shall continue to oocupy the Property as Borruwer's principal residence for at least one year after
<br /> the date of occupancy,unless I.ender otherwise agrces in writing. which consent st�al!not be unreasorably withhcld,ur un[ess
<br /> cxtenuuting circumstances exist wnich are boyo��i ���ux���� ��_��• �n�"•'�' `-�'�� nnt dectmy, da[nagE o[ �forfie'ttuit
<br /> prop�rty, allnw the Property to deteriorate, or commit waste on Ihc Property. Bormw�r shall be in default if any
<br /> action or procealing.�vhether civil or crin�inal,is begun ilin+t in I.ender's good fuith judgment could result in forf�i�ure of the
<br /> pcoperty or otherwise materially impair the lien created by ti+is Security Instrument or Lender's security interest.Beir�sower ma�...
<br /> cure such a d�fault and reinstate,as provided in paragraph 1$. by causing�i►e action or procadin$to be dismissed with a ruling
<br /> that. in Lender's good faith determination, preciudes forfeiture af tho E�m�rower's interest in the Pmperty ur otlatr material '
<br /> impaim�ent of the lien creuted by this 5ecurity Instrument or Lcnder's seGUrity intcrost. Borrower shall also be'i�n defauit if
<br /> Burrower,during the loan epplication process,gave materially false or inaccurate informatian or statemants to Lenfki(ur failod
<br /> iu pruvida:.�:�:d�r�%�_��nY m:tcri�!i+ifern�a.t�nn)in conn!rli�n wi�h�he loan evidenced by the Note, including,but not limited
<br /> to,representations.r,onceming Borrower'�cx�cupancy of th�troperty u:�u prirtcipal residence.If this Security Instntrrxnt is on a
<br /> leasetald. Burrower shall comply with all the prcrvisions of the lease. If Borrower acquires fee titie tu the Properry, the
<br /> leesehold arid the f�e tltle shall not mergt unless Lender�grees to the►nerger in writing.
<br /> 7,ptoteclion o4l,�ntkr's Rights in tlee ProPGMY•If Borrower fiuls to perform the c:ovenants and agraments contained�n
<br /> this Security Instntment, or tt�ere is a leg�l proccxding that may significantly affect l.�nder's rights in the Pmperty(sueh as a
<br /> p�ing in bai�krupecy,perobate. for condenlnation or forf�iture or to�nfores Isws or regulations),trien L.ender may do and
<br /> pap��i�r wtwtever is necessarY to Pro�at ti�e vnlue uf tha Property and°.Lcnder's rights in.the PmpeRy. Ltnder's actions may
<br /> rnciLule paying any sums secur�d by a tien which has priority over this Security instnrment, appearing in court, pay�n8
<br /> rr,�,QOp�ble attorneys'fees and�nttring on t1�e Property to m�1ce repaies•�.�txwugh Lender may talce aetior�uhder this pxragraph
<br /> �,t;,andCr cSoes ttot have to do so.
<br /> Any amaunts disbnrsed by Leixler u���1er this pnragraph '1 shall become addiNonal debt af'E3anowei• securad by this
<br /> de of disbursenxnt atlthe N�e nte and s'tu�i1 be pYable.thv'�th n crestp upon no ce�romui.en�er�t BorrrowerSrequesting
<br /> pay,ment.
<br /> B.Mortgage Insurance.lf L,ender required mongage insuranoe as n condition of making thc loan secured�b3 1Dis Secucity
<br /> Inswn�ent, Borrow�r shall pay die pr�miums requirod to rr�aintain the nwrtgage insurana in effcxt. If, for a�1y reason, the.
<br /> mortgage iiuurance coverage reyuired by[.ender lapses or ceases to be in effect,Borrower shall pay the pc�emiums required qo
<br /> qhtain coveragc substantially equivalent tu the mongagc insurance prcviousiy in effect,ut u cost substantially eyuivalent to thC
<br /> c�st to B�rrower of the mortgage insurance previonsly in�ffect,from a�i altemate mortgage insm�er approveci by Lender. If
<br /> substantially cquivalent mortgnge insuranse oovcragc is nn2,asvailable.Borrower shaii pay to Lender each month a surrt equal to
<br /> one-twclfth of the ycarly mortgase insurance premium bcing paid by Borro�ver when the insur.u►oe coverage lapsed or ccascd tu
<br /> ' be in effect.L.ender witl accept,use and retnin these payments as a loss msen+e in lieu of murtgA�W insurancc. Loss reserve
<br /> Form 3028 9/90
<br /> Pp�3 of 8
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