|
" �� i:l�:�i „`'`t;'.i' .
<br /> 'r'� :� ,
<br /> ...�� • ... . , '
<br /> . � �. „ � ,�::,�)f>,
<br /> ;,
<br /> . , , , .;.•
<br /> • _�,: <...., . . . , • . ' ��� �.(�'•�;c ,
<br /> . . • .. . . . .. � . .�. __'._.. ."_'__''�19.�'_° tii.�
<br /> . � � . . � A.r.��rw_�... . .. - . .. . - . . .. . :-3...+r:r!�.;w
<br /> � . •� .. :.It.:-
<br /> � ' � �. ._:.. _ .;�,, . - . . .. � . '�-'�',zF"17i.---
<br /> . - t . � - • '. _.�-� .. .� . . . - . . .. . ' .. � , �.. .�7'. -�$•.��~..
<br /> i. . ._
<br /> . � �� ������ .
<br /> ! S. Hnzord or Property Insurance. Borrower shall keep the improvemente now caisting or harcafter erected oa the
<br /> • Property insured agAinst loss by fire, hnzards included within thc term "catended covenge" and any other hazards, [ncludin�
<br /> flaods ar Qooding, for which Lender requires insuPance. Thls insurance shall be m�ljiteined in[he amounte and for the peeiods
<br /> -• • that L.ender requiros.The Ins�trence carcler provlding the in�ur:u�ce shall be chosen by Qarrower subject to Lender's upproval
<br /> � which shall not be unreasonaLly witDiheld. if Borrower fail�to maemtain coverage described above, Lender may, nt Lender's ��
<br /> option,obtain coverage to protect Lender's rights in the Prop�rty in accordance with paragraph 7.
<br /> _ A.11 insurnnce pollcles and renewals shall be acceptable to Lender and shall include a stnnd.�rd mongage clause. Lender
<br /> eh�ll have the right to hold the polictes and renewala.If L.ender requires,Bonower shall prompily give to Leader all receipts of ,
<br /> �w,.�-�"� paid premlums a��d renewal notices.[n the event of loss,Bortovrer shall glve prompt notice to the insurance carrier aad I.ender.
<br /> -• _ Lender may malcc proof of loss if aot made promptly by Borrower. r w'`
<br /> Ut�le.ss Landor aud Borrower otlienvise ageee In writing,insuran�e procceds shell be applied to rastoration or npair of the '-
<br /> � Property damagcd,if the restoratton or repair is economically feasible and T.ender's securIty is Aot lessened. If the restoration ar -
<br /> rcpair is not coonotnicdly feasible or Lendcr's security would be lessened,the insurance proceeds shall be applfed to the sums -
<br /> secured by this Securlry Instn�ment, whether or not thcA due. with v�y excess pa[d to Borrowcr. If Aorrower abandotts t�ic -
<br /> � Property, or does not answer withln 30 days a notice from Lendcr tlaat the insurance carrter has offered to settle a clarm,�e�a �%=-
<br /> l.ender may collect the insurance proceeds. Lender may uae thx procceds to cepatr or restone die Property or to pay su�r,s
<br /> secured by this�curiry Instcumcnt,whether or not then duc.The 30-day pedod w[ll begin when thc noticc is givcn.
<br /> UN�ss I.ender end Bvrrower otherwlse agte� ia writlng. any applicatton of proceeds to principal shnll aot cxtend or �
<br /> ' � . postpone the due date of the monthly paymeats referred to in paragra�phe 1 and 2 or change the amount of thc payments. If under �'•`��
<br /> ara ra h 21 tho Pro `�''�
<br /> p g g perry is acquired by Lender, BorrowePs d�RtY to any insurance pollcIes and proceeda resul�iei� from
<br />- damage to the Property prior[o the acquisltion suall pass to Lcnd�r ie�the extent of the sums secuted by thia Sesurity Instrum:ent s; ,
<br /> " ' immediately prior to the acquisltlan.
<br />- 6.Occuponcy, Preserv�t3ou�Maintenance and ProtecNon o[the Property;Borrower's Loan Agpliaition; I.easeholds.
<br /> = 6orrower ahall oc�upy,establish,and use the Property as Bocrower's principal residence within sixty daya after the execudon of `�°
<br /> -� Q.
<br /> �" ';'. this Security Instrurnent and shall continue to occupy the Property as Boaower's principal'residence for at least one year after ,��`.=_
<br /> '�L_.:. : the date of occupancy,wiless Lender otherwlse agrees in wdting,which wnsent shall not be unreasonably withheld,or unless
<br /> `r.'_` • "" catenuatin circucnstances eaist wbiaL are ' _
<br /> g beyond Borrower s control. Bortower shall aot destroy, damage or impalr the
<br />�"���•� r+� Property. allow the PropeRy to deterlorate, or commaa waste on the Properry. $orrower shatl be in default if any forfciture =.-
<br />�.;�;:,�w� jw��� action or procceding.w6em�r civii or crlmiael, is begi�n t�at in Lender's good faith Judgment wuld result in forfeiture of the -
<br />--�'°�`'� ��•iM Pcoperty or othenvise matedally impair the Iien created by this Security Instrument or Leader's securiry intenst.Borrower ma,y
<br /> .�-:':• -
<br /> _•---.s• ;._.��
<br />-:�,=;`-`��"c. cure such a default and relastate,as pmvided in pazagrapte 18,by causing the action or precceding w be dismissed widi a ruling --
<br /> �r, ,_
<br />___:��;�_'. �hat, in I.�nder's good falth determination� precludes Bar�'eiture of the Borrower's interest in the Property or othcr materia! _
<br /> - �=-�-� a�pairment of the lien cnatal by th�s Stcuriry In�2e�aus��3 or LenQer's sccurity interest. Bonower shall also be in default if w�
<br /> _-=�•n.:��r � i;:
<br />�_;ti�--,.,���� :°,orcower.during the loan applicatate�process,gave�a2�eraally false or inaccutate infurmatIon or statements to i,ender(or failod '-_�`
<br /> -•f�' to provide Lender wiu6 any naatedal'nnfis�rn�ation)in connecdon with the loan evldenad by the Note.including,but uot limited
<br />� ""''�"''` to,representatlons conoeraing Borrower's occupancy of tlie Property as a piiacipal nesidence.If dus Securiry Instrwnent is on a �"'
<br /> -``'"^�� ' leasehold. Borrawer ehail comply with all the provisions of cho lease. If Bormwer acquictis fee title to the Praperty, the
<br /> —:-����
<br /> ��.,��,� fleasehold and We fx tid�shall not mergo unless I.endcr agrees to the merger in writing.
<br /> ---- -��-== � 7.ProteeUon o!Lendcr's Rtghts tn the Property.If Borrower faUs ta perform the covenants and agroecnents wntained in
<br /> � this Socuriry Instnuaent. ot there is a lcgal pmceeding that mag�siga�ificantly affect I.ender's rights in the Y�ropertgr(such as a
<br />—° _ _ • pm�esdin�in banhruptcy,probate, for condemnation or forfetturz or to enforce laws or ce�ulatfons),then Len�er mey do an3 ____
<br /> ���--- � a for whatever is neces� to rotect the value of the �ro �
<br /> — p Y ry p perty and Lendar's rights in the Pmperty. Lender's actians may
<br /> �-"'"�"'""" include paying any sums secural by a lien which has priority over this Socurity Inswment, appearinB fa wurt, paying
<br /> •reasonable attomeys' fees and entering on the Property to make rcpairs.Although Lc.nd�r may takc action under this Qar�graph
<br /> -�� � 7,Lender does not have to do so.
<br /> .._.::P_:".].����..
<br /> ''~-:�'�_�;• Any amounts disbursed by Lender uador tlils paragraph 7 shall become addiNonal debt of Borcower secured by this
<br /> "—�t� �� 5ecurl Instniment. Unless Borrower aad L.cnder a
<br />- -_ _____ _:�: ; ty gree to aher terms of paymeat, these�amounts shall bear interest from the
<br /> ° - _- •.'f date of dtebutsemeat at the Note rate nnd shall be payablc,with interest, upon notice from Lender to Bc�rrower requesting
<br /> --_ -__ �aynent.
<br /> -'��°''•-"•-`_"� '' 8.Mortg�ge Insurance. If Lender�equired mortgage insurance as a condiaon of making the loan secured by this Socurity
<br /> IP±tf:'
<br /> _ ;, p,. Instrumeat, B�rrower shsJl pay the Premiums requirecl to maintain the mortgage Insuran�e in effect. If, for any mason, tite
<br /> "'��-`�"'���� � , moctgag�insutance coverage required by Lender la�ses or ceases to be in effect. Borrower shall pay the premiums nquired to
<br /> -•=_��+,,;,,,Y• ; obtain coverage substantially equivalent to the mortgage insurance previ�usly in effect,at a oost substantially equivalent to the —.
<br /> - "_-:��;;;�yr '•� cost to Bonower of dte mortgage inauraoce previousty [n cffect, from an altematc mortgage insur�r approved by Lender. If =�"
<br />
|