|
�
<br /> ��� _......`,.�,r.:- =� .
<br /> ' ."�'�'sw;,._. --- �. ., ' ":r�� `
<br /> .:{r� --=
<br /> .w�.....�.w_ _ ' �, ,��-_._�--
<br /> '�'' y_u��_....��.��..........�7�1 -- �-.yfa-"- r. � _ -___ ___ ___ ___ _
<br /> � �V��
<br /> S. H�rd �• P���erty I�urA��e. t3��rmw�r +hali kecp the iny�mvemcmx �x►w cxisting on c�maflcr ercctai on thc
<br /> Pru�riy iiuun�l a�ai�ut los.� by firc. huards includcd within thc tcrm "cxtcixiuJ coverugc" uxi ;uiy cxher t�•r:u+rds, iikluding
<br /> fla�s ar flwviii�, fur ahich Lcixier reyuircs Luur.uk�:. This insuratrcc slwll he nuintuiiuYl in tAe mix�wus�x! for thc periods
<br /> th:u l.cixlcr r�•yuircs. 7'tx inaur�ukc c:urier pra��iding tlk iiuur.ukc ahall br etx�scti by Horruwcr wbj��.t tu Ls�xkr'�uppruval
<br /> which a1►:►11 ik►t hr unr�:w+naE+ly w•ithhcld. if&�rmw•er fails co m�intain co�•eraFe cfeKrihcYi utnne, 4nder nuy, at Lu�der's
<br /> npti+�n.c�btain co�erage to protect Lender's eights iu thc Pri��:rty!n:uuutl:uue u.•ith har�rapli 7.
<br /> All inw�atkc�liciec;utd renew•�ls shall be �°ceptable to Lender atxl shall incluJe u +tunelanl n�rt�;age clause. Leixier
<br /> shzll have the�iRht to Iwld the paliries atxi renew•ils.!f Lender rcyuires,Bonower stwll pmmptly givc to lxrnkr all receiJ+�c of
<br /> paid premiumc and renew•al noticcs. (n the e�•ent of Ic�ss,Borrow•er st�all�ive prcunpt naticc to the in�uraruc carrier and l.endcr.
<br /> Lct�der may make pmof of loss if noi mtide prompt{y by Qorrow•er.
<br /> Unle�.�Lender arxl Borrower otherwise agrce in writing,intiurance procecds shall t►e applied to rcctoratian or rep�ir af the
<br /> Propeny danwgcd, ii die rest�ratiou or repair is econamically feasible�nd L.ender's security is noi Icsscne�J. If thc restoratian ar
<br /> repair is not eronumic�lly fcasible or Lendcr's security u�ould be Iessened,the insurance proceeds shall tse applial ta the sums
<br /> hecureci by U�is Security Tnstrun�ent, wheU�c�� or�x�t then due, with any excess paid to Borrow•er. If Borrow•e�abandons dte
<br /> I�ro�xrty, or does not a�uwer within 30 days��wtice from Ixnder that the incuranc�e camer has offered to setde�claim, thert
<br /> la:�ukr rrwy collect the insurance proceeds. Lender inriy use the proceeds to repair or restore the Properry or to pay sutns
<br /> sacurod by this Securiry I�strument, whether or not t1�en due.1'he 30�uy peciod wiU lxgin wlun tJ�e notice is given.
<br /> Unless Lemler and Borcou•er oiherwisc agrce in writing, any ;i�rRlication of procee�is tu pri�x:ipal sfwll iwt exte�ul or
<br />: pastponc thc due date of the Rwr►thly payments referred to in par.►g�;q�hs 1 and 2 cr changc d�e�unount uf the paymenu. I�
<br /> under paragraph 21 U�e Property is acquired by Lender. Bonower's rigfu to any i��uance palicics a�xl praceeds resuGing froirr
<br /> damage to the Property priur tu the acquisit:an st�ll pass to Lender to the eztent of�be r,unu secured by this Securi�y G�suw��t.
<br /> icnnwdiutely prior ta the acq::i�ation. , .
<br /> 6.Occup�N,P`rese�a3ioo,Mainte�ww�e wul Protectioa of tE�e ilr+r�xrty,L�ortow•er's I.o�w AppUcAtloa;I.es�seltnGL.:.
<br /> Borrower shall occupy,establish,and use the Property as Borcow•er's prir.�ipal residence within sixty days after the executiun u1r
<br /> tlus Security Instrument and�ta311 coniinue to occupy the Pruperty as Bonower's pean�ip�l residence for at least one year after
<br /> the date of occupancy,unle,c��er c�therwise agrees in writing, which consent s3�0 not be unreasonably wich'rald. nr unless
<br />_ extenuating circurtutances exist w:�i..� are beyond Borrower's control. Borrower sAall not destroy. damage or impair the
<br /> Propetty. allow the Property to deteriora.e, or commit waste on the Pn�perty. Borrower shall be in default if any forfeitune
<br /> action or prceeeding, whether civil or criminal. is begun that in Lender's good faith judgrnent could result in forfeiture of r�u
<br /> Property or othuwise materiatiy impair the lien created by this Sceurity Irutrument oir 1Lxtxier's security interest. Borrower mar•
<br /> cure wch a default�nd reitutate,as provided in paragraph 18,by causing the xtioca o:proceeding to be dismiss.,��itb a rulic�
<br /> ' that, in Lender's good faith ttetetmination, precludes forfeiture of the Borrower s interest in the Property or o13s�r rnai;ri�l
<br /> ;� impaimient of the lien created by this Security Instrumertt or Ixndtc's se�;urity interest. Borrower shall also be in dtfac7i i'1
<br /> � Aorrower,durino the loan application process,gave materially f�lse or inac�eurate informztion or statements to Leuder(or faitod
<br /> , to provide Lender with any muterial infarnuttion)in connection with the loan evidenced by the Note,including, Dut not limited
<br /> . to,representations concerning Borrower's occupancy of the Propeny as a principal residence. If this Sect►rity btctrument is on a
<br /> i leaschold, Borrower shall comply with all the provisions of the lease. if Borrower acquiret fee title to Ihe Pcopertv. We
<br /> = lease�wld�nd tI�e fec title�lwll not merge unless Lender agms to the merger in writing. � �
<br />°�`t 7.Protec�iow of Leader's Rights in tbt Property.If Borrower fails to perform thc covenuits and agreements cot►tained in
<br /> _ this Security Ir�strument, or there is a tegal procceding t}�at may significandy affeet L,ender's righu in the Property (such as a
<br /> proceeding in hankruptcy,prob�te, for condemnation or forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatevez is necesszry to protect the value of tlsc Ptoperty and Lender's ri�6uty in the Property. Lender's�ctions may
<br /> include payinu any rums srcural by a lien which has g�ority ever this Securiry tnsuurnent. appeming ;a court. paying
<br /> reasonablc auuc:uys'fees and eruering on the Pruperty to nzalte t+�its.Although Lender may taie xtion ua3er this paragraph
<br /> ' 7.I.a�der does not have to do so. .
<br />_ My anwaws disbursed �y Lender nnder this p:r3�ph 7 shall become �d�3ec�onal debt of Borrower �vi�.-urod by this
<br /> Security Inwument. Unless Borrower and L,ender�ne t�other terms of p�yment.d�ese anwunts sh�ll beu interest from the.
<br />- dase of disbursea�ent at the Note rate znd si►all be payable, with intt.n�t, upon noticc from[.ender w Borrower requesting
<br /> P�Y�u•
<br />: r 8.Mortgsige Iaswance.If L�ec�der mquired mortgage insur�nce ac a oondidon of making the ioan secured by this Security
<br /> Instnunent. Borrower shall pa}� tl�e pre.Kniums required to maintain the mortgs�e isu�cr�nee in effect. If. for any reason, the
<br /> , m�rtgage inwrance coverage t�quiced by Lender laps�s or ceases to be in effect, Bonvwer st�a11 pay the premiums rr,�uirod W
<br /> 1 obtain mverage substaiuially aquivalent to the mongage insuranue previously in effect,at a cost substantially equivalent to the
<br /> ' cost to Borrower of the mortgage insurance previousty in effext, frcxn an altemate mortgage insurcr approved by [.ender. If
<br /> ' substantially equivalent mortgage insuruice coverage is not avtilsble,Borrower shall p�y to I.er.der exh motuh a sum equ�l to
<br /> � one-twelfth of the yearly morcgage inwranoe premium being paid by Borrower when the insurance coverage lapsed ar ceased to
<br /> ;� be in effect.I.ecwer will acc�pt, use and retain these payrr�ents as a loss reservo in lieu of mortgage insuranoe. Loss nesetve
<br /> � F.xm 3028 9180
<br /> � Pp�3Wi
<br /> f
<br /> .i .
<br /> ----==_' _=--�,n�-.�r'—'iW„��c�'rr.u.e.- .
<br /> ---=---�,ma:C:Yru\°_�-d:�'Ft�—
<br /> -°..ee�S�x,.--
<br /> "° �_'yJ� T�-9�� _
<br /> - ,�. y�,,
<br /> -_ ,L.°F �i�s"l`-a,�z ,,��'�: �,f �� 5/� =---
<br /> . -r,' wui ,r '.���,�w�.�..�,.�.+ _„r"y,��....Y:�. !s8f'LR.�r-r.c-� ��- --- �
<br /> - ' •�L'{M�, 1�•.� A. tiflM �""'�"'�'":°S�i'���
<br /> .+5� .�+��.:' -?^�'7,r.�r V �•'. , _{ ,�� _'� _--
<br /> .i��'i�„Y.+r,tyy�!'(�1•4 .`, '1.,,,,,, ,� _��r.�.b,p���"�����'E,� —_--
<br /> .. �- -
<br /> . . •
<br /> .� ., r ..., , .
<br /> ..
<br /> � , .
<br /> .„� ,
<br /> - � c¢ ,. - .. . � . . � , .� .-'c:i' r ..x.��fi �. _.,._
<br /> -'Fii . . . , . . . �;' ' a.a::"�+ytti�.j�ar+.�,�y�njt7ji} t� - -- - --
<br />- " . . .. . ,� �R'' .4 , y. —'
<br /> =._.w;. ;�_ _ _. .� .. -. . . ' . ., . . �-d��),4�. , . . . -ff. __ -.�
<br /> ...:�.� �a.�. ...... .. ... .._w..
<br /> �5'.�.n% ._ -. ... -'7�•_ ..�,. : ti . . • . . �.. -..... _!� -- _ Y -
<br /> .�iea�;r.:*,. ,4 ,..4 4 � 1 ¢ .y ' . � '�� �wi!'�'�.'i'1f1�tQ�i�— _---
<br /> �j�Z{e'v' - - - .:.�_ a` �' ""7�` _. _ . - . . ..... . ..`l'.:dp�SL'S.-� — --__
<br />
|