|
_. r'� W�+�UMwo}.}... _.. .. ... _
<br /> - 'S�,. . � -�.�
<br /> . . - View�l i%l. � I�i�y��' . l, _.._—
<br /> . � 1� _ • 'I ..Rv.� . y �h-i'-==
<br /> '�� . te+�:.�•. � - —
<br /> •�i Irt..• -
<br />� t. , „ .. . -- - ��-- - .
<br /> �.� __� � 92- 1oszo�
<br /> ���� S, HazArd or 1'roperty Ineurance.Barrower shall keep the improvcments now exi�ting or hereafter ereccmcl un the
<br /> Property insured ugeinst loss by fire, hnzards included within thc tcrm "extendod cpveragc" und uny dher hazArda, includfn�
<br /> _�,� flcx�ds or tlooding, for which I.ender requires insurunce. This insurance sholl be nu►inWined in lhe amountb uixl li�r 11��+Cri��la _
<br /> that l.ender requires. Th�s insurw�ce c�rrier providing the insurunce ahall be cho�en by 8�rruwcr rubju:t ��� LAnJcr'�upp����ul
<br /> - which shall not be unre�sonably withhetd.If Borrowcr foils to maintuin coverage de�ribai uMove, l.ender nwy, u1 lx►kler'e
<br /> ---'�� option,abtuin coverage to proteet L.ender's rights in the Propeny in accordWnee wi�h �wrugraph 7.
<br /> y�.�„ All insurance policies and renewals shall be ncceptable to L.ender and shull include u stu�xlurJ nx�rtguge clau�. IAnJer
<br /> �� shall have thc right to hold the policies und renawala.If L.ender requires,BoROwe�shall pn�mptly givc to I.enJcr ull rccciplw��f �
<br /> paid premiums and renewal notices. In the event of loss.Borrawer shall give prampt notice to�he Inxurunce cun{cr u�xl I�cnder.
<br />- _ I.ender may make proof of lass if not made pramptly by Borrawer.
<br /> Unless Lender and Borrower otherwlse agrec in wrlting. insurance proceeds xhall be applial lo rchiora�i�m nr repulr.►t'the
<br /> - `r Property damaged, if the restoration ur repair is economically feusible und L.ender'x xecuri�y is n��t Ieti+ene�.lf thc r�r�orwtiun��r
<br /> �����'� repair is not cconomically feasible or I.ender's secu�ity would be lessened.the insurance praaxYla shull tx:upplfal a►�I�c *umM
<br /> .��.ti�+���. secured by this Securlty Instrument. whether or not then due, with any ezce4s puiJ to &�ni►wer. If Rurnower ub�nJ�►na Ihe
<br /> --� Property,or dces not answer within 30 days a notice from L.ender that the insurau��e carricr hu»offeral to t:i:uic u dafm. Ilwn
<br /> !��'r�"'�=� Lender may collect the insurance praceeds. Lender may uee thc proceeda to rcpair or n:sturc �he Property �►r to puy �um� -
<br /> _- _ _'"'__= secured by this Security Instrument,whetiier or not then due.The 30-duy period will begin when the noticc is given.
<br /> �����;y__�� Unless Lender and Borrawer otherwise agree in writfng, nny �pplicatian af proceedx to principul rhall not exletNl o�
<br /> :��=���.•,�, -�^� -�� postpone the due dete of the monthly paymenta referred to in paragraphs 1 ancl 2 or change thc umaunt of the puynxnty. If
<br /> — _�=:,�,;�� under paragraph 21 the Pm�+erty is acquired by l.ender.Banower s right to any insu�ance paliciec c►nd proccecfx rewulting from
<br /> '��"="-'�'� dwnage to the Property prior to the acqujsi�ion shall pass to L.ender ta the extent of the sums secured by this Secu�ity Inctrument --
<br /> ----- �'.�.•-�.=::�;"�;� immediatoly prior to the ucqufsition. -
<br /> ---,-.: .-:,,- � 6�pccupancy,Preservation,Maintenance and Protcction ot the Property;Borrower's[.oan Applicatian;I.ep.sehddx.
<br /> —���.,
<br /> __m,�..�, Borrower shall occupy,esu►blish,end use the Property as Borrower's principal residence within sixty duyR after Ihe execution oP
<br />-- �� � � - � this Securiry Instrument und shall continue to accupy the Property as Borcower's principal residence fi�r ut Ica+;t une ycur uDer =
<br /> • ,''3���':� �'��� the dete of accupancy, unless l.ender othenvise agre�s in writing. which consent shall not be unreasonably withheld,ar unlera -
<br /> ,,�;;..�:_...::.;.� extenuating circumstances exist which arc bcyond Borrawer's control. Borrower shall nat destroy, dumage or impnir the _
<br /> ��� �•�- ` �`�'n°!r. Property, ullow the Property to deteriarate, or commit waste on the Property. Borrower shall be in default if uny furiciture
<br /> � . � - ... . °;,;•�� actian or proceeding,whether civil ur criminel,is begun that in Lender's good faith judgment cauld re5ult in fbrfeiwre oi ihe -
<br /> ,w,� .°;�,.- Property or otherwise materially impair the lien created by this Security Instrument or Lender's tiecurity interest. &�rrawer mav
<br /> �-'.
<br /> .
<br /> � � • . �. cure auch a default nnd reinstate,as provided in paragraph 18,by cwusing the action ar procceding to be dismis�cd with u ruling
<br /> '°���'� ;a4`- •�-•�� '�+ that, in Lender's goad faith determination, precludes forfeiwre of the Borrower's interest in the Praperty or other muterial
<br /> • :.�:•• �.
<br /> - - ---`-!'"`�"''}`'-"'�'�_=� impsirmens of the lien crea�� hy thia Security Instrument or Lendcr's security intereat. Borrower aholl also t►e in JefAUlt iP
<br /> �'�.,:: ' �, �� Borrower.during the loan application praess,gave materfally felsc or inacwrute infarmution or�tutetncnts to Lender(nr failed
<br /> — � :; � ��`.� to provide Lender with nny rneterial information)in connection with the lonn evidenced by the Nixe. inclu�ing,but n�t limitcxi
<br /> . ta, representations coneerning Borrower's occupnncy of the Property ac u principal residence. IP this;Secu�ity Instrument i�on u
<br /> --:�`� leasehold. Barrower shall comply wi�h aU the provisions of thc lease. If Borrowcr acquires f� title to thc Propeny, the
<br /> -- �'.�_ � Ieasehold and the fec title shull not merge unless Lender agrecs ro thc merger in writing.
<br /> —. .'' .' ' � �' 7. Protectlon of Lender's Rights in the Praperty.If Barrowcr fuils to perform the covenants umi ugrecments cunwineJ in
<br /> :` �' ''°".''' ' �•' � `,', this Security Ins�rument,or there is a Icgul proceeding that muy significantly aifect Lr.nder's�ights in the Properiy lwch us u
<br /> � � .. ' '° �_, pracec�ing in bankruptcy,probute, for condemnution or forfeiture or to enforce luws or regulutionx), �hen Ixnder muy elo u�u1
<br /> «,..�,:,..•.;,. .
<br /> , �•P. -•. m�� pay for w hatever is neceswry to pro t e c t t h e v n l u e o f t h e P r o p e r t y n n d l.e n d e r's r i g h t s i n t h e P r o p e n y. L e n d e r's u c t i o n,m u y
<br /> h � `•��" ° ''�° include pAying uny sums secured by � licn which has priority over thiti Se�vrity Instrument, uppeuring in coun, puying
<br /> �'�_.�.:,�...;.�; .,,�, ,�,r rca4nnable attorneys'fees und entering on the Propeny to make repairs. Although l.endcr may tuke aclion under this par���u��h
<br /> -''�<• '"� ` ' 7.L.ender does not have to do so,
<br /> —. .�is"e-:,, . ,r, .'
<br /> — Any amounts disbursed by L.ender under this parugruph 7 shull become udJitionul debt of Borrower securcd by thix
<br /> �; �q�x�:.,:: «.
<br /> � . � . Security Instrument. Unlcss Borrower And C..cnder agree to othcr tcrms of paynxnt,�hc.c umounts shall bear intcrest frum the
<br /> .� date of disbursement ut the Note rate and shall 6e payable, with intcrest, upon natice 1'rom L.cnder to Borrower rcyuesting
<br /> :«°�: _... . Paytncnt.
<br /> .W,.-° S. MortRAge Insuranee.If LenJer mquired mortguge insurance us u condition of making the loan sr�cured by thix Security
<br /> ���.�`-•�-� Instrument. Borrowcr shall puy thc premiurns required to muintuin the mongage insuronce in eFfc�:t. if, fix uny rcascin, thc
<br /> _ '''�``�`+ '� , tm�rtgage insurance covernge requirec!by Lc.nJcr Inpses or ceases to be in effect, Barrower xhull puy �he premium.rcyuircJ tu
<br /> - obtnin coverage subslantially equivulent ta the mortgage insurnnce prcviou+ly in et'fcYt, at a cuxt subswntially eyuivalent U�the
<br /> -"�. '•��-,. cost to Barrower of the mortgage insurance previously in effcct, fron� un ultemate nwn�;agc imurer uppruvcd by I.endcr. If
<br /> ��F° . ` . substuntiully equivulent mortgage insurance coveruge is not availuble. Bnrrowcr shrdl pay to Lcndcr c:Kh nwnth u xum cyuul to
<br /> -�.,'`. ..: one-twclfth of the ycarly m�mgage intiur�ux�prcmiwn lxing paid hy Burrower whcn�hr insurancc roveragc lupzed��r ccau�l tu
<br /> -° j ` be in effect. l.ender will accept,use und retain these payments as a loss rescrve in lieu of mm�guge in,ur�nce. l.o., ���urve
<br /> _� �. ' : ;�'z Form 3028 9l90
<br /> ., • ...»�+� Pp�3 018 �
<br /> :�� w .
<br /> - / ..
<br />- � .. ; ._..'___ ... --�-._�_._ . . . , . . .. . , e.-ri. .��:p.r... .. . � . . . .. � :.�t.:yyo�.ili�:r.�,o.�..�i�aS1K,�!y"_
<br />_ �
<br /> �i.�. � . . . . ' . . . .. .
<br /> �-� . � '
<br /> _�,�l�_.•,.._su.ti� •�
<br />_–q' ' . •
<br />: :3.. ,
<br />'- � �� .• ' .. .. . .
<br /> .1 y+ .. �y- ,~� �� . .. . ' .. , .
<br /> .� �
<br /> ' .
<br /> � . , . �
<br /> .
<br />
|