|
;_ .
<br /> . ::��--+
<br /> :,� • _. -,
<br /> .",� . , ' ,. _ -.-��+;M`.'�€�'Z�-
<br /> .61Yifii'wv'.. - .. � . .: - � „ . .. � +..��ar�+lr.t�N:..
<br /> ' .i-c�n•�.� - � , . ' . ..w'I�M". i1 ., v_,_,�!^^T;1—_.
<br /> . .. . . . . . � `.'� .
<br /> . . .ii _ , . ; ' ' , I - . 1� _i1}i7��748 •_
<br /> i �y
<br /> f• '� a-3.�s•��Wh.�
<br /> ' 9�-• �t)'�45� -� -
<br /> S. Ha�trd ur Property Ir�sunnce. Borrower ehall kaep the lmprovements now �atscjag on c�reafter erected on thc ,. -
<br /> Property insured againat loss by tiro,hazuda tncludcd wfthin the term 'ostended coverage' and any other hazards, fncluding I �
<br /> flooda or flo�ling, foY whtc�I.e�der r�qutres lnsuractce. This iasurnnce shnll b- maintnined in the amounts and for tho perfacis
<br /> that Lender reyuiera. 7l�o insurance cucier pmviding the inaunnco shall bo chosen by Borrower subject to Lendes'e approval -
<br /> which �h�ll nat be unreasonably withh=Id. IP Borrowar fa11e to tnAintaia coverage descdbed above, L.cnder may. at L.cnder'a
<br /> � -�F option,obtain covenge to pmtect Ltndcr's righta{n tho Property la accordnnce wlth paragraph 7. ,
<br /> � A!1 ia�uranso policira and renewala ahall be scceptable to Lender and ahall include a standard mortgage clause. Lender ,
<br /> . shall have the dght to hold tl�e pollcics and rencwata. If I.cnder requires.Borrower shall pmmptly give to Lendcr all rccelpta of .� ,
<br /> paid premiunus aucl renewal nodccs.ln the evcnt of loss,Borrnwer shall give prompt notice ro the inaurance canter and Lwder.
<br /> L.cnder may make proof of loss if not mede pmmptly by Horrower. • ,
<br /> UWess Lrnder and Barrower otderwise agrec in wdting,insurance proceeds �hall be applied to restoration or rtipair of the
<br /> . Property damaged.if the restora.tion or repair is economically feasible and Lender's aecurity Is not lesseaed.[f the rtstoradan or ` ��;`.>�..
<br /> repafr Is not economically feagible ar l..eader's securiry would be lessened, the insurance proceeda shall be applied to tYu sums �,�--
<br /> _,;:.-�:�,
<br /> sxured by thta Socuriry Iasuument,whethcr or aot thea due, witlx aay cxcess paid to Borrower. If Bornnwer abandons tl�e _ ;s.,.�=-�--
<br /> Property�or does not answer within 30 days a notice from Y.ender that the insurance carrier ha�offered to settle a claim,then "�••;L�"-
<br /> Lender may collect the insurance procads. l.ender may use che procads to repair nr restore tl�e Pcoperty ar to pay surns �,•. -_
<br /> secured by thls Security Instrument,whether or not then due.The 3Q��day period wlll b�gin when the not3a is givaa. �_—
<br /> Unless L.ender and Borrower othenvise agnoe in writing, any application of p�s to priuc[pal shall not extend or =-_- _
<br /> postpone tt►e due due of the monthly payments nferrcd to In paragraphs 1 aad Z or change the amount of the payments. If ; ` _���'
<br /> under paragnph 21 the Proper►y is acqulnd by Leader, Borrower'a dght to any insurance policies and proceeds resulting from `:°.;e.�'��—
<br /> � damage to the Propeity pdar to the acquisition shall pass to Lend�r to the exteat of thG aums secured by this Securiry lnstn�rnent .,�+r y; �
<br /> lmmediauly prior to th�acquisition. � �_
<br /> , 6.Occup4ncy.PresesvxHon.Matntwance�nd Protection ot t6a Propaty:Borrawer's Loan Applieatlon;I.easehald�. ;�_�;��
<br /> �� Bomower sh�ll occupy.establiah,ai�d usc the Property as Borrower's prlaclpal�+esldence within eixty days after the exaoutioa of .•:���ri -
<br /> . thia Securlty Instrument and ahall continue to occupy the Property as Borrnwer's princlpal c�esideace for at least one yeu aRer
<br /> �.; the dau of occvpar�cy,unlass Leader otherwise agrees in wdting.which consent shull not be unreasoaably withheld,or ualess ;�
<br /> eatenuating ctrcumstanoes e�fst whi�an u+e beyond Borrawei s oouici,I. ovaz�we► �ha11 nat C;,stmy. sl:�s:.es or 3�gafr t�ss
<br /> " ^ Propeny, allow the Property to deteriorate. or commit waste on the Property. Borrower shall be in default if any forFeitun ;:
<br /> � actioa or pt+ncxeding.whether civil or cdminal,is begun that ia l.ender's good fatth judgment oould result in forfeitun of the ^ �
<br /> Property or otherwise materlally imp�r the lien ereated by thia Secudty Iasuument or Lendor's seciuity interest.Borcower may � ;
<br /> " U•� cure such a defaWt aad c+einstete�as provtded In puagrlph I8.by causing the action or prooeec]ing to be dismissed v+Ith a ruling
<br /> that, in Lender's good faith determinadon. precludes forfeiture of the Borrower's interest in the Property or ather mauri�l
<br /> � ' impairment of the llen crzated by this Soc�ulty Insaument or L.end�r's security interest. Bonower shall also be in default if
<br /> . . � Boaower,dwriug the low applicallon process,gave materiaUy false or inaccurato infom�atian or statements to Lender(or failed
<br /> to provide L�nder with any material infora�don)1n connection with the loan evidenced by the Nou,including,but not limitod _
<br /> .. ___�° ta.z+ePr��t`�olL!CoIICt!�±+..s*��±tower'e oethmancy uf the Property aa n rrincinal residence. Ii thia Security Instn�nt is on a _ - — -
<br /> leasehold, Barrower ahall comply with all the pmviaions of the lease. If Borrower acquites foo title to the Prnpetty. the _— __
<br /> ' � •• leuehold and the fee htle ah�ll not merge unless Lender agrx.v to the merger in writing. ��, `
<br />� 7.ProtOCtion ot Leader'e Itights tn the Propaty.Yf Borrower fails to perfom►the covenants and agreementa contniasd in —
<br /> .... : this Security Inamimont�ar there is a legal proceeding that may aignificaady affxt Lendcr's rlghta in the ProPertY(such as a .�•-
<br />- � pmceeding ln banlauptcy. pmbate,for condemnation or forfeitum or to enforce l4ws or ngulattons),then Lender may do aad ,,
<br />�.� ; pay for whotover ia nc�essary to pmtect the value of the Prnperty 9nd Lender's dghta in the Property. I.ender's xtions may �;.-
<br /> � include payiag any sums sauned by a lien whic� 6as priorlty over this Secur{ty Iasttumeat, appeuin8 in court, PaY�8 [�.—
<br />-- •�'� reasonable attomeys'fees and entering on the 1'mperry to make repairs.Although Lendcr may take actioa under thls paragraph ��_=_
<br />_- ';ti,;: 7,Lender does uot have to do so. `=-�—
<br />_�_.._ Any aanounta disbursed by Lender under thia paragraph 7 shall become additional debt of Borrower secured by this �;----_ -
<br />�p.;�w� Security Iustrument. UNess Bomower and Leader agra to other terms af payment. these amonnts shall bear interest from the
<br /> �� date of disbucsement at the Nou rate and shall b�payable, with iuterest. upon notice from Lender to Borrower g�questing '�_ _
<br /> �.',,.� . �`'�'—---�
<br /> . � payment.
<br /> , �� "! 8.Mortgage Insuranec.If I.ender nequind mortgaga insurano�as a condition of making the loan securod by this Seszutry :� __--_=__
<br /> r. ..�._ _.�'W=
<br /> - Insuument, Borrower ahall pay the premiums required te maintaiu the mortgoge insuraaa in ei�bct. If, for any reason, the '-�:
<br /> mortgage insurance coveragt required by I,ender lapses or ceas�s to be ia effect.Borrower shall pay the pnmiumg required to -:=•� `'�'
<br /> obtain ooverage aubstandally equivalent to the mortgage insurance greviously in effect, at a cost snbstantiaLy equivalept to the � r�:.�
<br /> cost to Borrower of the mortgage insivana previously in effect, from an alternate mortgage insurer approved by L.eader. If Shs;"�; �,'.1;:
<br /> ' substantially equtvalent mortgage insuranx covera e is not available,Iiomnwer ahall a to i.cnder each month a sum ual to ;;.r�=��t'�
<br /> . . 8 P Y �1 . �...::;�w��..' ;:.;
<br /> . • one-twelfth of the yea�•1y mortgage insuranco premium being pald by Borrower wuen the insurance coverage lapsod or ceasecl to ;�::•_r1�. �".
<br /> • be in effoct.Lender will acapt,use and retain these payments as a loss reseNe{n licu of moRgage Insurance. Loss reserve � :.�::��', t�'.
<br /> . �,,....
<br /> '' •'':'•�•--
<br /> FumSQ?A 8l90 ,..-:r„,
<br /> _ .. ��..�
<br /> � v aas .�:=...:d<<,�
<br /> , (►��BV(N81�ea�zi.o� w• �NU,�,:� S - • ..„-.
<br /> .
<br /> , dD ,: ...,
<br /> . , �;.
<br /> -- -
<br /> - -- - - • - -- - - -
<br />� " � __--__.....,.-----_�.� --- .._---- �---,----- - -. - --
<br /> �
<br /> .--- __._.__..__._... .. . . . . . ._.._..----_ ...__ . �
<br /> ����n��
<br /> • „ ���.bK.:.,.:�,a,. ...ti .a...,.. :i,. . . . ,. _,. . .
<br /> . ��
<br /> � . .
<br /> • :. , °
<br />, _' ; •
<br /> �
<br />
|