|
_ �„r.� „y� .a �+ , , ..
<br /> II � . � . . . _ —
<br />_ .r' -i 4=!�:i I . - '.'<L�z:
<br /> .. ..�a't�� - -
<br /> .� .
<br />._-.a.� _ . . . . � _'—_-- . . '_.___
<br /> 92 �.0���3
<br /> S. Ha�ard or Property U�curAnce. Borrowcr shell �cep the improvcmentc now e lcting or hercAfter eraxed on the
<br /> Property insurecl aQainst loaw by fire, huTardo included wl�hln tho term "extended coverage" arKl any other haa,ardr. includin�
<br /> fl�wd�ar flaodin�,for which lxnder rc:quires insurarice. This insarence shall be maMtained in�ho amounts and for the periods
<br /> Itu►t Ixnder requires. The inxurence carricr providing the in�:urunce shall be chosen by Borrower subject to L.ender's upproval
<br /> which chull not be unres�vc►nably withheld. If Bormwer failx to maint�in coverage descdbed above, l.ender moy, at Lender's
<br /> option,obtain coverAge ta prutect Lender's rights in the Property in accordance wlth paragraph 7.
<br /> All insurance policies und rcnewals siwll be acceptable to l.ender and ahall include a atandard mortgage clauce. Lender
<br /> shall have the right to hald the policies and renewals. If l.ender requires,Barruwer shall promptly give to Lender�ll receipta of
<br /> - - � paid premiums and renewal notices. In the event of loss.Borrower shall give prompt notice to tl►e insurance cerrier and Lender.
<br /> Lender may make prooP of loss if not made promptly by Borrawer.
<br /> Unless L.ender and Borrower otherwlse agree in wrlting,insurance procc�eds shall be applied to restoration or repair of the
<br /> Property dumuged,if Ihe restoration or repair is economically feasible and I.ender's securlty is not lessened.If the restoration or
<br /> repair is not economically feasible or I.ender's serurity would be lessened,the insurance proceeds shall be applied to the sums
<br /> secured by thia Security Instrument. whether or not then due, with any eacess paid to Barrower. If Horrower abandons the
<br /> --� Property, or does not answer within 30 days a notice from I.ender that the insurance carrier has oYfered to settle a claim. then
<br /> — - — L.ender may collect the insurance proceeds. l.ender may use the praceeds to repuir or restore the Property or to pay sums
<br /> securcd by this Security Instrument.whether or not then due.The 30-day pedad will begin when the notice is given.
<br /> Unless l.e��der anJ Borrower otherwise agree in writing, any upplication af proceeds to principal shell not extend or
<br /> - ___ _�� postpone the due dete of the monthly payments referred to in paragrapha I and 2 or change the amount of the payments. If
<br />— - = under paragraph 21 the Property is acquired by Lxnder. Harrawer's right to any insurance policies and proceeds resulting from
<br /> .�- - damage to the Property prior w the acquisition shell pass to Lender to the Bxtent of the sums secured by this Security Insirument
<br />=m a•:,;fi r c:=..:_'C_r�!�7
<br />�;-„��;,�,�.,� immediately prfor to the acquisition.
<br />---��"�''�T 6.Oocupancy,l'reservAdon,Mpintenance And Protection of the Property;Borrower's l.oan ApplicAtiaa;I.eascholds.
<br /> '"```'�`'"''�`"`" Eorrower shell occupy,establish,and use the Property as BaROwer's principal residence wlthin sixty days after the execution of
<br />'�`z��?`Y������ this Security Instrument and ahall continue to occupy the Praperty as Harrawer's prfncipal residence for at least one year after
<br /> ;,:.:��'�?:i.�.'::�� the date of occupancy, unless Lender otherwise agrees in wrlting. which consent shall not be unreasonably withheld, or unless
<br /> '`'�'"�"` extenuuting circumstances exist which are beyond Borrower's control. Borrower ahall not destroy, damage ar impair the
<br /> ., r�5 ,tz'v.:,,
<br /> r: °�,�•. Y:t�T PropeRy, allow the Property to deteriarate,or cammit waste on the Propeny. Borcower sha11 be in default if any forfeiture
<br /> '• �' action or proceeding,whether civil ar criminal, is foegun that in Lender's good faith judgment could result in forfeiture of the
<br /> + ' f•?�'• Property or otherwise matedally impair the lien created by this Security Tnstrument or L.ender's security interest.Borcower may
<br /> + • �t•• cure such a default and reinstate,es provided in peragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> ���'_'�� • that, in l.ender's Road fAidi determination, precludes forfeiture of the Borrower's interest in the Property or ather material
<br /> =��,�"';�' � impairment af the lien created by this Security Instrument or I.endcr's security interest. Borrower shull also be in default if
<br /> ' ��� " � `�' Borrower, during the loan application process, gave materlelly false or inaccurate information or statements to Lender(or falled
<br /> .�.�.,.� to provide Lender with any material informatlon)in connection with the loan evidenced by the Note.includiog.but not limited
<br /> � ` '" ' to,representations concerning Borrower's occupancy of the Propeny as a princfpAl residence.If this Seeurity Instrume�t is on a
<br /> �1.�'�";"1' leasehold, Borcower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Ptoperty. the
<br /> � .ti� ..
<br /> �"�};`;;�;.;�:,.r,i; ; leasehold sind the fee title shull not merge unless I.ender agrees to the mcrger in writing.
<br /> � .,+ik�; 7.Prottxtlon of Ixnder's Righls in the Property. If Honower fails to perform the covenuntx nnd agreemems rnntained in
<br /> ������ ��e . this Security Instrument. or there is a legal proceeding that may significently affect Lender's rights in the Property(such as a
<br /> '9i�'�� "```� praceeding in bankruptcy, probare, for condemnulion ar forfeiture or to enforce Inws or regulations),then Lender may do and
<br /> . �....,. . , r<.
<br /> pay for whatever is necessary to protect the value of the Property and l.ender's rights in the Property. I.ender's actions may
<br /> ����r`'` """� include a in an sums secured b a lien which has riorit over this Securit Instrument, a rin in court. a in
<br /> *�,•y� .. � P Y � Y Y P Y Y PP� 8 P Y B
<br /> �.. .. .
<br /> ,;�,,,,,y�,. � reawnable attorncys' fees and entering on the Property to make repairs.Although L.ender may take uction under this parngruph
<br /> y'� � t� 7.Lender dces not have to do so.
<br /> ��''�''�� Any amounts diabursed by Lender unde� this purngrAph 7 shull become udditional debt of Borrower secured by this
<br /> Security Instrument. Unless Bonower and I.ender agrec to athcr tcrms of payment, these nmounts shall beAr interest from the
<br /> ' � ..,�.' �,• �'. date of disbursement at the Note rate and shall be pAyable, with interest, upon notice from l.ender to Horrower requesting
<br /> �. ;rr�.
<br /> payme�t.
<br /> �;'�""'`'''';;�� 8.Mortga�e Insurance.If Lcnder required monguge insurunce�s u conJition of making the IoAn secured by this Secui9ty
<br /> �+�t::.;� '''�" instniment, Borrowcr shull pay thc premium+ required to rnuintuin the mart�age insuruncc in effect. lf, for any reason. the
<br /> n: : mortgage insurnnce coverage requiral by I.emier lupses or ccn.ycs to bc in effect, &irruwer rhull pay the premiums required to
<br /> ' �� " obtuin coverage substuntiAlly equivalent to the rtx►rtgvgc insuranre previously in effirt, ut u cotii substuntiully equivalent to�he
<br /> ��°�� cost to Borrower of the mort u e insu�unce reviousl in effect, from an ultemute mun u c insurer a rrned b Lender. If
<br /> �*^,';,�,..-•.. . _ ' S S P Y � 8 S PP Y
<br /> , _,,, .,�..:. substantially equivalent mongage insurunce coveragc is rnn •rvailable, Borrower shall pay�o l.ender each month a sum equal to
<br />� �^ ` ••� one-twelfth of thc ycurly mortgage insuruncc prcmium being psid by B�irrower whrn thc in.urance covcragc IapseJ or cwsod to
<br /> ���,. ,
<br /> be in effect.[.ender will accept,use and retuin these puyments ns u bss r�serve io lieu �►f nwn�tage inaurance. Loss rcserve
<br /> �s ., r
<br /> � Form 80�8 9/�0
<br /> � . Pap�3 0l B
<br /> M . _ �
<br /> �t' ':� I
<br />_ � .
<br /> . .. _.�' ____'_.�____ _" _'_ _ _ '__" "_'�. ._ .. � ��'"�*'�' _'
<br /> .. ., � .- .� .. n ' . _ ' .. _.. .
<br /> �" ". _ _" . ,. _ . ,.�� - . . .. '" ' '
<br /> ..J.'�'.t 2LY�: �.. �. .-�-.
<br /> .. . ' _ .. r�q1a�HG1L.-::t�l�'a'.3"Yf�:�'t`taMrn�StY,/rCd._Y.'lu�l
<br /> ��..�_",-.?�A:�.��►YL.__--__� ._ ._' __. -. . ". __—____'_'.._�_�_
<br />. � ,I �
<br /> .i .� ..^ ' .. • �.
<br /> , ° , . _ !./
<br /> R . , i . ,
<br />. '� .q�� .. ' ' . " .
<br />�'4
<br /> r . r� ' .. - :� . ...� ..
<br /> � .. 'r.. �«-M� ' . . '1 .
<br /> �''.. � y;"+l`�'.�°, .. , . .. , � J
<br /> � ,' " , . ,. "
<br /> �� . •
<br />
|