|
, 'r-�.:- .
<br /> � . ' ... ��t...
<br /> "�l ,. . ""_�1
<br /> aaAM . . . . ._..�_._...._...��+x..�.i�:.._.
<br /> ,r«wc:,... „ • •.rM!+�. . v . ,.�.�ro+e,r.t
<br /> .. . . � +���� �•�iJZ�YNa:1��tG
<br /> . .. - � - � .. � - .... .� �.
<br /> �� .
<br /> ., �(D�81
<br /> � 5.HAZard or Peoperty lnsurwnce. Borrower shall kccp Ihe improvements now�ng or hereaftcr ercctcd on Ute Property
<br /> insurcd egainst loss by C�ro,heizurds lnclud�,d within tho tcrtn "cxtcndod covcrnga" end any alhcr hauuds. includIng Qaads ar
<br /> � Flooding,for which l.cndcr rcquIres insurancc.This inswuncc shull bc rosdntained in thc amounts r�nd for thc periats�hnt Lcndcr • .
<br /> rcyuires.'If�c insurur►ce cerricr provicUng the insuranco shall bc choscn by aormwcr subject to Lcndcr's appravui which sh�ll not i
<br /> . bc unrcasonably withhcld. If Sorrowcr feiLs to maintaln covcrs�gc dcscribed abovc, Lcndcr muy, at Lcndcr's option, obv�i� i
<br /> coverage to protect Lendcr's rights in the Pra�perty in accordBnca with paragraph 7.
<br /> • "`."'� All insurance pollcies and renewnls shaU be acceptable to Lender und shall include a standard mongage cl�usa I.enQ�a shall I
<br /> ". huvc the right to hold thc poli�ies and rencw�ls. If Lender requires,Borrowcr shall paampsly givc to I.ender uq roceipis af psiti �
<br /> ' pmmiums and renewul notices.In the event of loss,Borrower shall give pao�s}�!noi�se ta ehe insurtu►ce carrler and Lender.Lender �
<br /> ' may make proof of loss if not rtuide pcomptlly by Horrowcr.
<br /> � Unle,cg Lcndr,r and Barro�ver athenvisa a�ee 'vt wrlting,insivance p�acecds sl�ll bc agpGed t�o resstoration or reNair af th� , ,..',�;;;-:�
<br /> Pmperty damnged,if the restosat)on os repva is economically feasible onai I.end-..r's security is not fessened. If the mswration or ' �W---
<br /> re.�vr Is not economicully feASib!�or L�nder's security would bo lesseaed,the insursuice proceeds shall be applied to the sums
<br /> secuced by this Security In9trumcnt, whcther or not thcn dua, with any cxcess paid to Borrower. If Borrower abandons Ihe ::;�.;:..,��
<br /> Property,or c{mes not answer within 30 days a notice from Lender thet the insuranc�caaier ha9 offered to settle a claim.then -;��`—
<br /> L,e�►der mt�y colk,ct t�;ins�rn..ncc proceeds.I.endPr may u..�the{�roca;ds tn reg�ir or restQre the Frapesty or to pay sums s�tured ,'`'`''---_
<br /> :� by this Seciuity Instrument,whether or not thea due.The 30-day period will begin wh��the nodco is given. .— N_
<br /> Unle�s Lender snd Borrower otherwise agroe in wridng,any application of proceeds to principal shall not eastend or postpone
<br /> " die due date of the monthly payments refe.rred w in puragraphs 1 and 2 or changc tha funount of the payments.lf undcr paragragh � �� .
<br /> , =,..:•:.°
<br /> ' � 21 the Property is acqulru!by Lender, Borrnwer's right to eny insurance policies and procceds msuldng from damage to the -
<br /> Property prior to the acquLsidon shall pass to I.ender to the extent of 1he sums secured by this Security Inswment immediately 'y�`�
<br /> prior to the acquisiflan. - ��- � �
<br /> �j 6.Oecupancy�PareservAtbn,Maietenaace and Protectbn of the Proper2y; Borrower's I.aan ApplkatJon;l.epaebolds. -+'��
<br /> Borrower shall oocupy,establish,and usa the Froperty ag Borrower's principal rcsidcnce within sfxty days after the eacecution of ��;�'�
<br /> ,.�� this Security Instnuneat and shall oontinuo to occupy the Property as Borr�wer's principal residence for at least one year after the ',�
<br /> . ' �te of occupancy, unless Lende�ottte�wL� agr�s in writ'�ng, which c-0nse�nt sh?�] not be �nrep�unably t�rithheld, ar �srl�,ia
<br /> ___-:c..� extenuadna circumstacrces eaist which ere bevond Borrower's contml.Bormwer chall nnt�I�crmy;�lama�e�r imnair�hP Pmrrlty, �.`` .�
<br /> allow tho Pro�erty to detsriocate,or comma�t waste on the Prope�ty. Bocrowei shaA bo In dofault if any forfeiWre scaon or ,
<br /> proccoding,whether civll or crir.�in�1,ic���un that in T.ender's gaad feith judgment could result in forf�twre of the Pa+operry or �
<br />_ otherwlse materially impair the lieti cxeat". by this Security Instnune�►t or Lender's security interest Bocrower may cure svch a
<br /> M.fault end ceinstate. as provided in P�B�Ph 18�by cansing the acdon or proceeding w be dismissed with a ruling that,in
<br />: Lec�dcr's good faith dctcrmination,precludes farfai�ure of the Horrowcr's in3erest In tbe Property or ott��r material Lnpairtnent�f
<br />- the tka►crttued by this Securiry Insprument or Lender's socurlry interes�Barrowu shall also be ln default ff Borcowa.during the
<br /> _ loaii appl�caflon groccss,gava matcraally false or inaccurate infocmatbn or stuements to Lender(or failed to pravida Lender wlth
<br /> � any material inforcns+ibon) in connocdon with the loan evidenced by the Note, includiag, but not lin�ited to, rcpresW►tadons
<br /> ' conce.rnirtg Bomower's occupancy of the Property as a principal resldence.If this Security Instnunent Ls on a leasehold,Borrower
<br />� � , � shall comply with all the pmvisions of tho lease.If Bomawer acquires fce titk w the Property,the leasehald and the fee dtle shall Y
<br /> _ not merge unkss Lendu agreca w�he merger in wridng. ��._
<br />_ ,,�-',1.� . 7.Protectioa ot Lender's Ri�hts fn the Property. If Sorrower feils to perform the covennnts and agrecments contelned in �:""��-
<br /> this S�xurity Instrumeat,or there is a legel proceeding thsit may sigrilticantly aff'oct I.ertder s rlghts in the Properry (such as a ��
<br /> '°��"���� ��'�':•` . P��B��►�P�Y.P���for condemnation or farfeitum or to enforco laws or r�gulations).then Lender may do and pay
<br /> ''^� ' for whatever is nec�ssary to protect the velue of�he Property and Leader's rights in the Pcoperty.I.ender's actions may include --
<br /> payln8 any surt�s s�cured by a lien which ha� prIority over this Security Inslrument, appearin8 in court, payin8 reasonablc y� --
<br /> .... attomeys' fees and entering on the Prope�ty to make repairs.Although L�der mt�y take ection under this paragrapli 7,Leader - -
<br /> `� does aot have w do so. �.;.;=�
<br /> - - '' Any amounts disbursed by Lender under this�wraagraph?shall become addidonal debt of Bamwer secured 6y this Socurity - _-
<br /> -� .�, Insuumnt, Unless Bomnwer and L.ender agtee w otR�er terms of payment,thcso amounts�hal]bcar u►teress from thc date of
<br /> =" �'....��. disburscment ai We Notc rate artd shall be payable.with interest,upon no8ce from Lender to Bonower requestinS payment �'-""'�'�"`"'�--�
<br /> `.�_y", 8.Mortgage Iasurance. If Lender mquircd mortgage Insw�ance s�s a conditian of rnaking the loan se,�urecl by this Security • '''������
<br /> c.-
<br />_; {-�. •, Insuument, Bomnwu shull pay the premiums requircd tn msintain the mortgage insurance in effecL If, for pny reason,the �:,<<:=__�v_
<br /> ' • cno e insurance cov y lapses or ceases to be in effect,Borrower shaU pay the premiums required to "::�;.,�'°°'-``��
<br /> ,`: nBaB eragu required b Lended : ,,...�.--.--- _---=_-`=.
<br /> • . obtain coverage substantiatly equivelent to tt�e moitgege insurancc;praviously in effect,at a cost substandally equivalent to 1he " .'� ��>"h�`�"`�-
<br /> 'at
<br /> ��'% cost w Borrower of tha mort a e insurance revlousl tn effect, from an alcemate mo ;,:'��� �4� ��`�'=
<br /> . 6 8 P Y rt888e insnrer approved by Lender.If �� ,,��,�.., ��w
<br /> substanGatly es�ulvalent mongage insurance caverage is not avnilabie. Borrower shall pay w Lender each month a sum equal to � �''�'�'•:?x�i�'•��: �•'�+�'u
<br /> one-twelfth of the earl mort P S P� Y �B �Psed or ceased to : .; ,;.., � ��. :"' ::„;�-
<br /> Y Y SaSe insurance remium bein d b Borrower when the insurance cove e •�.,�,..,.,;;W�.;,:;���;;;M.;.
<br /> be in effccG Lender will accept, use and retain Uiese payments as a loss reserve in lieu of mortgage insurance.Loss reserve •�';�• ••�.�.�,, ;,,�;,,•. . .
<br /> ., , '�'��.r .•�.:
<br /> :� . : •� ....
<br /> ;.�,,.`;..,.'
<br /> Form 3048 919D .;���:.' . '.,.� •�r: .�, ,
<br /> �-EV(N8)(G2t2).Ot Pap�9 ot 8 Inulals: . .n�,�✓:� _ ,.:", .
<br /> . .� .- -
<br /> .
<br /> , .. , r
<br /> ' __ _..___-_. `� '� � i ann_a � .
<br /> . . � .".. ' .___.- __ _
<br /> - _-_
<br />—_____ -'__.__I _ _ . . .
<br /> .z.u.,..._—•-.__�_�...,t.—»�—e - —._._..-.__.._.___-'--'_ . �'._�'--_"._.._or._.....__..T.'.___—___"'_....._ . .
<br /> � .
<br /> ci
<br /> �
<br /> - _—
<br /> --
<br />
|