|
� • T� �:: � .,f • �..
<br /> .. .. .. -- —
<br /> . �
<br /> � • _ __...,r.. . 8a.. - -- -
<br /> - -- -- --- - -- - -------- - - - - - --- -
<br /> �- � - ------ -- - - --
<br /> ____
<br />� --- .v�� -�.Qa,.-�-�•- .. ..- --- -----.-.-. — - __ — —_- . . ..
<br /> —-- .,. .,.. �;�s,�.,�---_ _
<br /> � . . . .- -., -
<br /> x . . . � . .. ... �
<br /> ., 7„ :, ° -- . +„_�_.____.__— ----��..- .. _
<br /> ; �
<br /> . � . . :.:;_
<br /> •�, .� �i � �,' •>
<br /> °,,� .ti . _� _ .
<br /> � � 92-./ � 6 4�5��'
<br /> �, . S. il�r+d or Pr»perty lacar�nce. Bomnwcr �hall kocp the itnproverocnts nc►w ezi�ling on c�re�flcr erccte+d on the
<br /> -- Property imutrod a�ainu Ic►ss by lirc, Fwzvrd�inclu�od within thc Icmi 'cxten�a! �ti�vcraRc" �nJ c�ny�Nhcr hw�rds, includin� �
<br /> flood�ar Qaodin�,Por which L.cnder rcquires inrurance.This insurAme r�hull he muint�in�J in Ihe anN►umti LnJ fi�r�hc pedod�
<br /> " �,a.,,,,:� �th�t i.ender require�. The inautanrc camcr pmvidiog thc insurnncc Khull t+e ch�scn by Horrowc� ,ub)cct p� l,cndcr'�.wpproval �—
<br /> ° which ahall not bc untrusonubly�•iilhhrld. lf&�rrowcr fuilg to muintain cnvcragc JcKrihcd uh�wc, l.crulcr nwy, At l.ctulcr'�
<br /> _ -- , ' option,ciblain covera�e to pnitect Lender'�nghta in Ihe Propeny in ac�rordonce with puru��ph 7.
<br /> �r. �r - :::► All insut�nce policles und renewal�tihull bc acccpteble to L.cnJcr wnd shwll incluJe u s�undurJ nK�ngagc cluu�c. l.cnder _
<br /> . _. . . .
<br /> shall have the rfght ta hoM the polidcs and rencwals. If Lender r.quircx.&�rrowcr xhall prumplly givc lo I.cndcr ull rccc�pts�f
<br /> �. ti�,,,;r:;;� pwid premiums and rcnewvl notices. In tfie event of luxs,Barrawer.hall give prompt notice�n the insurancc r�rrlcr and Lender.
<br /> � ''''b � "'�'' °•y Lender m4y make praof of loss if not made pmmpQy by Borrowcr.
<br /> �'�"''��'���'� Unless L.ender and Borrower wherwi�e ugrcc in wdting.insurancc pnxceda shall he applicd�o resto�Ation or repeir uf thc
<br /> =`:� �. . ���� ' PropeRy demaged,if the restoration or repair ia ecanomiculiy feASihic and Lender's sccurity is not Ic��cned. If thc resto►atlon o�
<br /> � �',;� repair is not econamically feasible or Lcndcr's securfry wauld be les�cncd,Ihc insu�uncc procceds shull be appliad t�thc sums
<br /> � � ,� ,� seeurod by this Secu�ty Inst�ument, whether ar not then due, with uny excess puid to Borruwer. If &►rn�wer abandons ttfe --
<br /> �" ,. Property,or does not answer within 3Q doys u natice from Lender that the insurance carrler has offered 1u uttle u cluim,then
<br /> �n . ' Lender mAy colloct the insurance praceeds. Lender may use the praceods ta repair ar rcstore the Pmpeny ar to pay wms
<br /> �� , ,•ti;:�. �,� .;,F;t . tecured by shis Secu�lty I�strument.whethcr or not then due.The 30�duy pc�iad will begin whcn the naice is givcn.
<br /> h�.�,�„�°;� Unless Lender aad Bornawer athenvise agree in wrfting, ony upplicaUon of procee�ls to prinripal shall not extend or
<br /> � �'� st ne the due date of the muntMl e ments refcrred to in ra ru hs I and 2 or chun e thc amount of the mems. If
<br /> � ' '.�.,�, Po po Y P Y Pa 8 P 8 PaY
<br /> � -?',F '' ..� �'�'��� under par�graph 21 the Pmpetty ic acquircd by l.ender,Bormwe�'s right ta any insurance policies am1 proceeds resulting fr4m _ ,.
<br /> — ;, � damage ro the Property prior to the acquisftion shall puss to l.endcr to�he eatem of�he sumc securcd by this Security[nstrument
<br /> � . , immediately prior to the acquisitio�.
<br /> ' , 6.Oavpancy,PreservAtion� 1Naintenance and Protectian of the Propeny; Borrower's I.oan AppUcatlon;l.ease4olds.
<br /> ,�', ° � ',,Y, ;. :�•;� Bortower shall occupy,establish,and use the Property as Borrawer's p�iacipal residence within sixty days uf'ter the ex�ution of
<br /> • �;1� this Security lnstrument and shall continue to accupy the Property a4 Borrower's principal residence fur nt Ieast one year after
<br /> �.-,:�.,,r.�...�..
<br /> , t , the date of accupuncy,unless Lender otherwise agrces in writing, which consent shall nat be unreas�►na61y withheld, or unless
<br />"� °� . ° � „ �'�,�,c` eatenuating circumstences exist which are beyond Barcower's cantrol. BoROwer shall not Jestroy, dwnage or impair the
<br /> ' y :� Property,allow the Property to deteriornte, or commit wASte on thc Pmperty. Fiorrowcr shall be in dePoul� if any forfeiture --
<br />_^� • '�='•`�--° �� � .�� sution or proceeding, whether clvil or criminal, is begun that in Lender's gcxid faith judgment could re�ult in forfeiturc of'the
<br /> af.. PropeRy or othenvise materially impair the lien created by this Security Instrument or l.cnder'ti�xu�iry interest. Bnrrower mny
<br /> ....4w i �_ cure such a default and reinstate,as provided in purngraph 18,by causing the ac�ion or praceeding to l�e dismissed with a ruling —
<br /> ' that, in Lender's good faith determination, precludes forfeiture oP the &►rrowcr's interest in thc Property or ather murerial
<br /> . :"� impairment of the lien created by this Securily Instrument ar I.ender's sccurity intcrest. Borrawer shull also be in default if
<br /> . ,. Borrower,dudng the loan applkution pracess,gave mAterially false or inaccura�e information or stutemems to l..ender(or fniled
<br /> � y� ' � to provide L.ender with any material inforn�ation)in connection with the lonn evidenced by the Note,including, but not limitad _-
<br /> . :,. ta,representations concerning Borrower's occupancy of the Property ns a principal residenee. If this Security Inslrument is on a
<br /> �•__:,:• .. leasehold, Borcowcr shall comply with aU thc provision� af the Icasc. lf &�rrowcr ncquires fee tide to the Pmperty, thc �
<br /> � �� n leasehold end thc fee tiUe shall not mergc unleys L.cndcr agrees to the mergcr in writing. —
<br /> 7.Protectlon of Lender•s Ri�hts in the Prnperty.lf Bnrrower failti to perfi�rm the covenants and ugrcc.ments contuinal in �' ``
<br /> � ''" this Security Instrument, or there is a Iegul prc►ceedin�thut muy signiticuntly uffect l.cnder'z rights in the Property I+uch as a
<br /> �{. �� � prnceeding in bankruptcy,proba�e, for condemnution or forfeiwre ur to enfurce luws or regulatinns), then Lender may do and Y�°
<br /> . pay for whatever is necessary to protec� the volue of thc Property und I.cnder's rights in the Propcny. L.ender's uc�ionz may �_ ��
<br /> :�.. � include paying any sums scxured by u licn which hes priority over this Security Instrument, appearing in court, paying �'=n
<br /> �•`- neasonable attorncys' fecs and entering on the Property to makc repairs. Although Lcndcr muy tukc ac[ion undcr this paragraph E� �
<br /> ^ 7. L.ender does not have to do so. �'-''
<br /> •�.Yn•.. . ---
<br />�'• � � Any amounts disbursutl by Lendcr undcr this purugraph 7 shall hcromc udditi�mul dcht �i Burmwcr sccurcd by this �'.'�'
<br /> ,.a , ' Security Instrument. Unless Borrowcr�nJ L.cndcr agrcc to othcr ternn of puymcnt, thcu:um��unt�tihall lxar intercst from the
<br /> , • ' , date of disbursement at thc Nrnc ratc and sh•rll bc payablc, with intcrest, u�m natice trnm l.c�xler to Horrowcr requesting �
<br /> � ,� payment. �;__:.
<br /> • �. � 8.Morlg�ge InsurAncc. If L.endcr rcquirai itx�rtgagc in.urancc a�a conJi�i�m of making tlx loao xc�urcJ by thix Security �—
<br /> , � ^`� . Instrument, Borrowcr shall ps�y thc premiums rcyuired�o maint�in thc m�irtgagc inwr•rncc in effec�. If, for •rny rc•rson, thc ��
<br /> � r: :,' mortgagc insurancc covcrngc rcquind by IAndcr I;�p.cs�ir rcuur a►Ix� in cl'1'cct, H��rrowcr�h•rll pay thc prcmiumx rcyuircd tn �
<br /> " ;t���N��� • obtain covcrngc sub�lantially cquivalcm to thc mnrttiagc insurancc prcvinu.ly in rt'fcrt, ut a rost suhstumiully cyuivulent to thc �
<br /> ► �� � � cost to Borrower of Ihe mortgugc insurancc previuutily in effcrt, t'n�m •rn altcrnlitc mungagc in�urcr approvrd by l.ender. If
<br /> substantinlly equivnlent nu�rtgugc in.ur•rncc covcraEr i.nrn uvailaMc.Burruwcr,hall pay to I.rnJrr cach momh •r.wn cyual tu �
<br /> ' one-twclflh of thc ycurly nwrttiagc insuranc�prrmium Ixing paid hp Burruw•cr u•hcn thr in.uranr�caverugc lapu.�l or rcasal ta
<br /> �, ' be in effect. L.ender will accept,utic und rel•rin theu pa�•mcnt�ar ;�lo�+ rcun�c m lieu of mortguge insurancr. Lo�� reserve M
<br /> �� Form�02� flYO �
<br /> ., ". . Pp�3 0l 8 � .
<br /> • '" MG3018-NE/3
<br /> u . �
<br /> � ., ..
<br /> �.� _
<br /> � .
<br /> :..;_•, . t
<br /> � '
<br /> , . � �
<br /> t;
<br /> �
<br />
|