|
�g= ��
<br /> � ' ' _� �,�� �--.___ ,�_. � _ - -- —_ --
<br /> � � � i °;�:,... - - •,. ,. . ,. —"n :��;`�:.=e =---
<br /> �� _ ....... .......r..�.....,... .. � , � ..'_�;.•'~�l�.u.yys�,r�.�.._�-.. �r�r.r...r«...w.,.e...-i ,------------- ..�_,�_.
<br /> '�r.w..�� , =«x�i2a��:.
<br /> ,.ri�3�S '' �--,,. -'--... . . - -- . - ... . -- -•i.r---. —.-- .-_. . ... .._, - _ .�N� ._
<br /> y
<br /> � .-- � --
<br /> �.. . .....,�. �� �•- — _ -
<br /> _ � �Q ,� _-
<br /> S. Naiar'd o+' R'u��e+'�Y Iwur�uc'e. E�'now�er �hsll kecp the impmven�its nuw c+ristins ot hcreaRe� ercctncl on the
<br /> pra�;ny insssr�d a�ainst M�c by firc.h�•rrda iiulud:,� within the temi "exteixi�xl ca�'craSc" :ux1++ny cxhcr hat�r�s, inrludi��
<br /> f1;�.�s or tlixxlin,g,for which l.e�dZr requires ituur�uk�e. Tlur iiuur;uuc�hall Ne n�aintali�cJ in thc unuusnts ancl far tl►e�+eriacl.
<br /> that I.e�xter nquirts. Thr iawnuae cariiet pr.�victing the i�unrsux�e s�11 be choscu by k3om�x•er aubje�t ta�l.�;ixkr's upprnval
<br /> which shall not De u��re�onsbly wiU►t►eld. lF Borrowc� fuils to mainwi��eo�`eraS� �����•e•�����Wy• � ��cs's
<br /> optian.c�btain covcrage co pratect Lcnder'►ri�hts in t}�w['s��riy in xcrrdance wi�h 7.
<br /> All in�urance policies and renewals shill bt scceptable to Lendtr a�Ki shall include a "atrrxl:►rde t�Le�xler all rccc pts of
<br /> slull ha��e the right to hold the po►icies and renewals. IF L,e�xtcr requir�.c.Burrov►�er shall prompt y g
<br /> paid prenuunu suid renewal rweices. in the event of loss,Borrow•er st�ll rive prompt notice to t1�e�nsurance carrier:uui l-ender•
<br /> Let�der m�y tnake prouf af lus�if not made pcomptiy by Bon°wer. �r oi'the
<br /> Unle.�.c Lender and gorrower aihGrwise agree in writing,i�uurance procoe�s sh�ll be applicd ta rcstor�tian or repa'
<br /> Property d�na8ad,if the cescoratian or rcpair is economicaUy feasible and Lender's securiry is not leuened.If the restoration or
<br /> repair is�iot economically feasible ar I.ender's security wauld be lessened,the insu�x�e p�'��l�°�Pliad to the wms
<br /> secural by this Socuriry Instrum�nt, whetixr or not t1►en due, with any excess paid ta Borrowa•. If Batrowe�abandong the
<br /> propetty,or das not answ•er within 30 days s►notice irom L.ender that the i�surance c�er has offered to settle a claim,then
<br /> Ler,der may collect the insurance procads. Lender may use �p�� to repair or restore the Property or to pay sumc
<br /> securod by this Sacurity Instturtxnt.whetl�er or not then due.The 30-day period will begin when the notice is given.
<br /> U�� Ixnder and Borrower otherwise agree in wridng. anY aPPlication of procroeds to principal shstll not ex�s. If
<br /> postpone the due date of the monthlY P�Y�� referred to in paragraphs 1 and 2 or change the amount of the paY
<br /> under pars�graph 21 the Pzvperty is acquircd by l.ender.Borrower's right to any insurance policies ond prooee�is resulting from
<br /> damage to the PropertY Pri�►r to the acquisitioa st�all p�ss ro l.ender to the�Xtent of the sums securod by this Security Inscrumene
<br /> ��Y Prior to the aoquisition. �u's�Applicatloa;I.easeholds.
<br /> 6.OocupancY, Preseri'stioo+M�aod Protectioa ot'the Property.Borro '
<br /> Borrower shall occupy,e�tablish.znd use the ProPcrtY as Bo�w�s principa]r�sidence within sixry days after the execution of
<br /> this Security Instrumnt zt►d sha11 cotuinue to oceupy the ProPerty u Bo�T°wer's principzl residence fur�t least one yeat stfter
<br /> the date of oocupancy,unless�der ot6�'wis�aBT�s in writing. which consent s}wll not be unreasonably withtuld. or unless
<br /> �xtwuatin8 circumstanas exist which are beyo� Borrower's control. BorrowBorrower st�ll boin.defwl�t if any f�aw
<br /> p�y� ��orv the property to deteriorate. or commit waste oa tlfe ProPertY• t oould ra�ilt in forfeittue of the
<br /> �ction or prooaeding,whaher civil or criminal. is b�gun ihat in t.ender's good f�ith judgmen
<br /> property or otherwise m:uerially impair the lien cceated by this Savriry Instnuneat or Lender's security ir.serest.Borrowu may
<br /> cure such a default aad rr:nstate.u provided in par.sgraph 18. by causing the acti�on or proceedmg w be disrsu�«�a��
<br /> that. in l.enda's good f,�ith deterrnination. procludes forfeiture of the Borr�vice�'s inunst i�the ProP�nY
<br /> impaimxoc of the iiea creatal by this Securiry Lutrutrxru ur Lender's secvsity interest.F�xrowu shall also be in defaul2 if
<br /> Borrowa,dru�la8 t�ae 1�aAPlicacioa Praess•8ave materially false or inaccurace inforn�atioa or stuements to Lerider(ot failed
<br /> - ����.rwR a;r t:s:«,.-i:iafos�r»:��:••^!�ion with tbe loau evida�ced by tbe Nou. including,but noi IImiud -
<br /> to.rePra�etstadons 000xmin8 Borrow�r's ooaipaurv of��e Property as a p::a�.�sl residence,if this Secuc�k Insumaeiu is on Y ---
<br /> leasehold. Borrower shall oomPly with all the ��isions of ibe lease. t€'6+�rrowor acquira fa title tr, the ProputY, the
<br /> lca�sehold:ind the fet dde shall not mcrge unless Lender agrces ta the merger in wridng.
<br /> 7.Pe�otectjo�ot l.endee's Ri�hts io t6e Propa'ty.If Borrower fails to perform the covenants and agreements cocuained in
<br /> this Sxurity Instntmea�.or tbere is a kgal prooa�c3inS tl�at maY significantiy r.ffect L.e�der's rights in ti�ee PropertY (such a�a
<br /> P����cpt�,-y;•Probste.for condem�uci�n or forfeitwe or to ent'orce laws or regul�tions), them i.et�der m�Y d��
<br /> w the value oti the ProPortY snd l�d��s righu in t3u Prope*ty. �.aader's actioas roay .
<br /> PaY for vri�tva is�Y P� m court. PaYwB
<br /> iaclude paring mY s� socured by a tim which hzs �rioriry ova this Security Inst�aama�t. appearin8 �
<br /> rrasonabte attonx.7s'fas and enttsin8 oa the Prapert}+to malce repairs.Altlwugh i.oader mzy take action unda this parsgraph
<br /> 7.I.endar doa not in-re to do so.
<br /> My amounts disbursal bY l.ender undtr this paragr�ph 7 sl�all beoome additiot�l debt of &xtnv�a socurod by this
<br /> 5ecurity iaswutent.Unless Botrower ud L�ender�8ree to other tem�s of p�ymeat. thest anwunts sha!!bear intaest from the
<br /> date of c�isbursw�esu at the Nou rau and st�ll be payable, with inur�ct. upon notia from L,eader w Borrowa requestin�
<br /> PaY�-
<br /> &���'a°°e.If I.eader ro9uired mortBaSe inwrar�ce as a condidou of making the laan sa:urad by this Secunty
<br /> Instiumaru. Bomovrec st�ll pay the pt+emiumc n�c�uirod to c�sintaia the morcgage inwranx in effect. If, for any re�soo. the
<br /> n�ortgage insuruice coverage requirod by Leuacr tapsa or ceases to be ia�f�ect,Borrowu shall pay the p�mi�uns required to
<br /> obtain ooverage substantiallY e4uivalent W the mortgage insuranoe previousiy in effxt,ac a oost substantiallY W�ivalau to We
<br /> cosc co I3o�rowu of tlie mortgage insurance pnviously in effect, from an alternate mo�8e iasurer aDProved by Lender. If
<br /> substu�cislly equiv9lent aartgage inwrance oovecage is not avtilablc.Borrowu st�ll pay to Lender each month a sum equal to
<br /> oae-twdftl�of tbe yearly mortgage insur�na Precnium bein8 Pa�d bi'��w���'`�C°vua,�e lapsed or cwsed to
<br /> be in effect.l,eader will xcept.use u�d retain t}►ese paymeats as a loss nservc in lieu of mortYage insurAaoc. Loss reseive
<br /> Fw�a 3028 9190
<br /> ' vq�3d6
<br /> � <1 •!
<br />
|