|
.r r•r ^.� k w�, --
<br /> , , ..
<br /> . .
<br /> " ' . . . # � . . � . . __
<br /> • . � .,�p�ll ,. � ,.r�. _._ .u.�.-- ...-- ----
<br /> . "��. � .� — --- -
<br /> ��� ��.:..� . � 92- i
<br /> S. H�rd or prope�'ty 1pp�rpnce. Borrower�}wll koep tha improvemenv now exietin� or l�erca r eroctod on the
<br /> Praperty in�urod ayainu losa by flre, fwzand� Includod wlthin tf�e tenn "extcnded coverag�" w�d any other h�wrdo. lncluding
<br /> floodx or flaadinQ, fw which Lender requirea insurance.Thic insurance sFwll be maintained in the onwunts a�l Par tho periods
<br /> that Lender requires.The insurance carrler providing ehe insurance ahall be cho�en by Borrower�ubJect ta l.ender's approval
<br /> which sh�ll not be unrww�wbly wf�hheld. lf Borruwer fails to malntain caverage desc�ibal ubove,Lemier muy,o� Lender's
<br /> —. ; optioo.obtuin cove��ge ta protxt I.encier's righta in the Property in accordance with paragraph 7.
<br /> All insurance policies and mraw�la shall bc acocpt�ble to I.ender And chall lnclude a atwndard nx�ngage clause. Lcnder
<br /> ' _ �r=------�
<br /> shull have the right to hold the policies and renew�ls.lf I.ender requires. Bormwer shall promptly give to L.cnder�II receipta of
<br /> ;---- paid prcmfums and renew�l notices.In tho avent of losa.Borrower alwll�ive prompt notice to the insurnrrce carrirr wwl r. `�
<br /> Letder may malce proof of loss if nat nwde promptiy by Borrower.
<br /> Unless I.ender end Dorrawer utherwise agree in wri�ing,insurance proceeds shnll be applied to rcstorarion or repafr of the
<br /> Pmperty damoged,if the restomtion ar apair is ernnamlcally fuwibie and Lender's socudty is nnt lessened. If the restoratian ar
<br /> repair is not xonomically feasible or Lender's security would be lcxsenad,the insurunex proceads �II be applfed to�he sun�
<br /> ! securad by this Security Instrument, whether or not then due. with any excess pafd to Horrower. If BaRawer ubandons the
<br /> �N��I i'roperty.or does not u�swer within 3Q days a notica from l.ender that the insurance carrier hus ofierecl to settle�cluim. then —
<br /> Lender may collect the insurance proaeds. Lender may use the prareeds to repair or restare the Properry or to pay sums
<br /> �� secured by this Secudty Instrument.wbether or not then due.The 30-day pe�iod will begin when the notice is given.
<br /> Unless Lender end Borrower otherwfse agree in writing. any applicat�on of proceeds to princi�wl shall not extend or
<br /> � s ne the due date of the monthl ments referred to in ra ha I and 2 or chan e the amount of the ments. If
<br /> --- po tpo Y PpY P�B P 8 PaY
<br /> under pAragnph 21 the Property is acquired by I.ender. Borrower's right to any insuronce policies and proceeds resulting from
<br /> � --- . _-- � damage to tt�e Property Pdor to the ocquisition siwll pass to I.ender to the extent of the sums cecured by thia Securlry Insttument
<br /> ______ --- imm0diately prior to Ihe acquisition. 4
<br /> --,-_:l�:_,�---- 6.Oocupa�ncy. Prsr,ervAtion�1Nviatenwnce And Pratectlon of t4e Property; Borrower's Loan Application;I.easeholds.
<br /> -_��„;i.. r Boaower shdl occupy, esutblish.and use the Propeny as Borrower's principal residence within sixty days afier the eaecution of
<br /> �"'' this Security Instrum�mt and ahull continue to occupy the Property as Borrower's principal residence for at Icast one ycar aftcr
<br /> ��w�r�
<br /> _-�,�;,;�,,,.,.,��� the date of occupancy,unless Lender otherwise agrees in writiog, which consent shall not be unreasonably withheld. or unless
<br /> �,�,� extenuating circumstances exist which a�e beyond Borrower's control. Barrower shall nat destroy. darnage or impair the
<br /> -���w�.,l� Property,allow the Property to deleriornte, or commit wasta an the Property. Bomower shall be in�efault if any forfeiture
<br /> action or proceeding,whether civil or criminal, is begun thnt in[.ender's good faith judgment could result in forfeiture of the
<br /> � , Property or othenvise meterially impair the lien created by this Security Instrument or l.ender's secu�iry interest. Borrawer rtwy
<br /> - -- = cure such a default end relnstate.as provided in paragraph 18,by cnusing the action or proceeding to be diamissed with a ruling
<br /> ��! that, in L.ender's ptood faith determination, precludes forf�iture of the Borrower's interest in the Pmperty or other material
<br /> �"'"' `'�' im rment of the lien created b this Securit Instrument or Lender's securit interest. Borrower shall also be in default if
<br /> �,. ,�,. � 1� Y Y Y
<br /> �,�r�.:•,_ �; Borrower,during the loan application process.gave materially felse or inaccurate inPormation or statements to L.ender(or failed
<br /> , -•,:.
<br /> n�- :- � to provide Lender with any matcrial information)in connection with the losin evidenced by the Note,including,but nat limited
<br /> a:.�,-..:. : �. n
<br /> _ �• ., to,representations conceming Borrower's occupancy of the Praperty as A principal residence. If this Security Instrument i�on a
<br /> _ "a''�� Ieasehold, Borrower shall comply with all thc provisians of the lease. lf Horcower acquires fee litle to the Property. the
<br /> __-_•.
<br />�:�� ��' ,'X='�r�ux. Icasehold and the fee tidc shall not merge unless l.endcr u�rees to the merger in writing.
<br /> �+�c�+>;+' _ 7.Protectlon ot I.epder's Rights M the Property.lf Barrnwer fails to perform the cavena�xs and agreements wntained in
<br />:;_.� 'i;;.• ,�f �' this Securfty Instn�ment,or there is a legal praceeding that muy significantly affect Lender's rights in the Properry (such as a
<br /> _ "'s'�"``'''°`"'' proceeding in bankruptcy,probate,for condemnation or forfei[ure or to enforce luws or regulations),then I.ender may do and
<br /> �;«•. .,�.
<br /> ;��;,w pay for whatever is necessary to protect the value of thc Propeny and l.ender's rfghts in the Property. Lender's uctions may
<br />-==�� - include paying any sum� Secured by a lien which nsis priority over this Security Instrument, appetufng in court, paying _
<br />_��.-,3 ;... �.�,..o . ��. •cc i
<br /> "� ���.,.•: � � reasonable attorneys'fees and entering on the Propeny to make repairs. Although Lender muy take xtion under this paragreph
<br /> - z�' 7,L.ender does not have to do so.
<br /> �':.v6 .
<br /> �:��'�, .= "'' Any amounts disbursed by I.ender under this psuugraph 7 shall become udditional debt of Bc�rmwer secured by Ihis
<br /> w'�g��;. a Secur�ry Inslrument.Unless Bormwcr and l.ender agree ta other terms of payment, these amounts shall bear inte�est from the _
<br />-�� ��J• � � date of disbursement at thc Note �te and shall be payable, with interest, upon notice f'ram l.ender to Horrower requesting
<br /> �"�' payment.
<br /> �:.1�, �^���'' �• .-�•�* 8.Mortgage Insuranee.If l.ender required monguge inaurance us u condition of mAking the loan secured by this Security
<br /> '�a��,_._,', • �-� Instrument. Bortower shall pay the premiums required to main�ain the mortgage insurance in effect. If. for any reason, the
<br /> �`�� - �' .. . mortgage insurance rnverage required by l.ender lupses or ceases to ix: in el'i'ect, &m�►wer shull pay the premiums required to
<br /> - -_ �� ' ' � obtain coverage subslantfally equivalent to the mongage insurance previau�ly in rffcct,ut a rost substantiplly equivalent to the
<br /> -�� �'"�•���' � cost to Borrower of the mongage insuranre previously in effect, from un ultemutc mortgage insurer approved by L.ender. If
<br />___` : _� ' , _ subslantinlly equivalent mortgage inrurance covcruge is no�nvailunle,Borruwcr shall pay to Les�der cach month a s��m equal to —
<br /> __ " � one-twelfth of the yearly mortguge insurance premium being paid hy B�irruwcr when the insu�unec roveruge lap.�i or ceused to
<br /> _ . �k3tt�.:• .
<br /> �• be in effect.Lender will accept, ux und rewin these payments as u loss reserve in lieu ui� nwrtgs�ge insurance. Loss reserve �
<br />�`s., ' � ., a ,
<br /> Form a028 8/80 �
<br /> ! - ; Cpn 3 a1 6
<br /> y' � , _
<br /> . � • ,� -
<br /> � _
<br />. ;�. .i _ :z :_+.i.'4:^�'_"'_____. .---. , ._.-- -. . .. .._._ ._. . _ ._ _ . -�� - - � . �---_ �- — , --- - . � .:«v,S--liw�,
<br /> � � . V • ,��'t - , ` .
<br /> '..•:._ _�.._Y�!��..�Q..�`_3]_�'4 c_— '._ . ___
<br /> __ _ _-_.: _ -'_�' ' ". . . .__ " _ ' "'_ ' ___ . . . '_'_"_"_' ._. - '— -- _ _
<br />"'. _—.__'"_. _._.__. -__._____ __ _____"_ .. ._ .
<br /> .. _ .... - '- - - -
<br /> . _.o -_ , ' ' _"'_ ..'-. .— .-___.
<br />��� __ „ .. __ __ _
<br /> , _ .. . • ' � ' '
<br />.. a•r r`� ' • _ - ' . .
<br /> ��7
<br /> ' } . i
<br /> y •�lw� .. . .. � .
<br /> ... � �Lt�� ., ..
<br /> I'. � ��
<br /> w �. . � „ . ., '
<br /> � . ,.. . . , 1
<br /> .,� . ' ,__ �'
<br />
|