|
_� .
<br /> IT` i _
<br /> . .. � . ... • �l
<br /> ��
<br /> ..,.a .. � . . . - � . � --
<br /> ��ilcr.. - � .. .. . � � k+�('nr�._
<br /> . .i 4�hir.�' . . • . . � - . «t�s(J't�.. - . .•�1t,1y. ;r.x.
<br /> .-...�+iwrL�elM�ra`-•- � . _ ' . 'f- �-�.�--ei�t..Ap4� ."'--
<br /> . . ' - ,. .. . ' .. .. . �, . .. '�'•'ii.A"..�.,y..fyWlfyi,._•�!'
<br /> :•R.�
<br /> .. ', I ' , . ` �� �����/�� . _
<br /> �
<br /> S. 19a�.,�rd mr fPi+'o�rty Insurance. Borrawcr sli�tll kccp thc improvcments now axisting on c�rcaftcr crccted on thc
<br /> ..; Property insurcd agairnst loss by fire, hazards iaclad�d W��s i surancc shall bc ma tai cdiu thc amounts and for thc peri ds � -=
<br /> - ' floods or floodinb,Eor w�icl-,:.cndcr requeres insur� , `F^-
<br /> u�.
<br /> w.:k�"` that Lender requir�s,The insurance carrier pmviding the insurance s6a11 be chosen by eorrower subj�nc�c�ay�a��nder's ,,;;;.�.
<br /> '�`� which shall not be unreasonably withheld. lE Bor�ower fuils to maintuin cavcrage described above, :f�jM
<br /> ' opUon,abiaia coverage to protect Lender's rights in the Property in accordaace with paragraph 7. , ; .
<br /> /�u i n s u r a nce polides end renewals s6a11 be acceptable to ].cader and shall includc a standard mortgage clause. Lender :4_.__._`
<br /> shall hAVe the right to hold the po l icies an d renew a l s.l f U:n der req ui r e s,B o n o w e r s l i a U p r o rn p d y g►ve to L,ender all receipts of _
<br /> paid premiumsand renewal aotices.ln t he event of loss, Borrower shall give prompt notice co the insuraace carrier an d Lea der. �,__ �
<br /> Lender may make proo[af loss if uot mude promptly by Borrower. ..
<br /> , Unless Lender and Bonowcr otherwise ageconomicall�feas ble andiLender's security�s not lessened if the res o�ratiuuar . _
<br /> • , Proper ry d a m a g e d�f c h e r e s t o r a t i o n o r r e p a u i s Y , -�'-�
<br /> . repair is not economically feasible or Lendee's security would be lessened,the insurance procee d s s h a ll b P a p p li e d t o t h e s u r a s `�
<br /> ;,.c'-;
<br /> secure d by t h i s S e c u r i t y Iustewnent,whether nr not then due, witb any excess paid to Bonower.If Borrower abandous the •'
<br /> � Property,or does not answer within 30 days a nodce from Lender that the insurance carrier has o ffere d to s e t d e a claim, then
<br /> Lender may wllect the insurance proceeds.Lender may use the proceeds f od will ber n when the nadce its given.pay sums __,�-
<br /> . secured by this Security Insuument,whether ar not then due.The 30-daylp��on of ro eds to principal shall not extend or :_�t=
<br /> .�� Ualess Lender and Barrower otherwise agree in writu►8, a►�Y aPP p =_
<br /> p� postpone the due date of the monthly payments referred to in paragraphs 1 azxd 2 or change the amount of the paymeats.If ��y,.a�;,
<br /> ` under paragraph2l t6e Properry is ac9uire�o shgll d assBo Lender to tl�e ext nt of the.�sumsse ure by th s Security Iast ufine�nt �'�;:"�.1�- :
<br /> dan�ageto the Property prior to tbe acquis p '
<br /> immediately priar to the acquisition.
<br /> 6. Occupancy, Frese�vatlon, Maintenance�a ed �o Bottower'pru c pa�idencewithin sixty dayslafter the execution of --- —s=
<br /> , • � Bonowershall occupy,establish,anduse the Pr p rty
<br /> �r �I'v��,�_
<br /> • this Securiiy Insliu:�ie�taad sb:.�!cQaTia�t"r�nccupy t6e ProPerty vtuc�eon.sentsl�ali nat be nnreasonaulylwit`u;ottl,yor us�e�.`• � �
<br /> We date of occupancy,w�less Lender otherwise agrees in writinB,
<br />_ extcnuating ciscumstances exist which are beyond B�orWaste'oa the Property.Borrowr shall bc in�def ul gf any forfeiture �:
<br /> • Property, allow the Property to deteriorate,or cocu _
<br /> � action or proceeding,whether civil or criminal,is begun that in Lender's good faith judgment could result in forfeiture of the _
<br />_? Property or othenvisematerially impau'the Uen createdby this Security Insuumentor Lender's security interest.Honower may ;--
<br /> cure such a default and reiastate,as provided in c ud�f rfe twe ofUthe Bonower��ince est�be�Property or other matenal =--
<br />_ , ., +� that, in Lender's�ood faith determinadon,p +�-
<br /> _. . impairmentof the lica createdby tlus Security Insuumentor Lender's security interest.Bonower shall also be in default if
<br /> .` • � Borrower,during tt�e loan appltcadon process,gave materially false or inaceurateinformationor statementsto l.endcr(or failed
<br /> '!.' ', to provide Leniderwith any material infor oc u nan of th�ropertya a principa] esidence.if this SecCUrity Instrutwientison a
<br />''_-:,. , ":
<br />:s;�.__.,. ,:. ' '- to�representadons�conceruingBorrowers p �Y �-r-�=
<br />- '- :`- �»- �- leaschold, Borrower shall comply with a11 the provisions of the lease. If Bonower acquires fee dtle to the Property, the
<br /> Y .� leasehald and thc€ce title shall not merge unless I.ende If Borr�ve fails to e erforaithe covcnantsandagresmentscontaincdin
<br />�''..�".;'.. ;'�' P
<br />=,. ,�.:.• 7, Protea:don ot I.eader's Wg�fs ln the Property. such as a
<br />:,; ,: this Security Instrument,or there is a legal proceeding that may signiiticantly affect Lender's rigbts in the p�opasry(
<br /> ign
<br />:,�:^ proceedingia bankruptcy,probate,for condemnationor forfeihue or to enforee laws or regulr�tions),then Lender may du and
<br /> _- pay for whatever is necessary to protect the value of the Propercy and I.ender's rigl�ts in the Proper c Lend�er's`Aa�on�s�g _Y � __
<br />- ^ `�' include payiag eay sums secured by a lien whidi has priority over chis Security Insuument,app ariug
<br /> ",,?' " °� , reasonableattomeys'fees and enterin�ou the Propertyto make repairs.Althougl►L.ender may take action under this paragaph
<br /> '::';;'.�a�;;��? s
<br />- ; .,;;,:,d,�,, •,. 7,Lcadcr does not have to do so. �_";,
<br /> ,�;� �,.,, qny amounts disbursed by l.ender under this paragraph 7 shall become additional debt of Bonower secured by this - _ -
<br /> . 'i:;.�_
<br /> - � ���,. . .•'-���. Security lnstrument Unless Borrower and l.ender agree to other terms of payment,these amounts shall bear interest from the — —
<br />=1',' �•. date of disbursement at the Note rate and s6a11 be payable,wich interest, upon nodce from Lender to Borrower requesting -- -- -T_
<br /> _ � paymcnt. -�:-�T_
<br /> : '�� 8. Mortga8�= Insurnnca If Lc:nderrequiredmortgageinsuranceas a condition of making t6e loan securedby ttus Sec�rriry — _ �
<br /> Instrtunent,Borcower shall pay the prcmiums requircd to maintain che mortgage insurance in effect. if, for any rea.son,t�e ��s,
<br /> an .•-
<br /> 'i��.. mortgage insurasce coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required to � ' ry';,�
<br /> _:-'�•:.,��'..
<br /> - 'x obtain coverage substantially equivalent to the mortgage insurance previously in effect, at a east substantially equivalent to the , r ,°.�i��f
<br />-• � cost to Borrawer of the mortgage insurance previauslY in effect, fromBO�ower shall pay co 1-e de reach month a sum equal to ,.;',� � �
<br /> , � substantially eguivalent moctgage insurance coverage is not available, . ;,,�.,,r�, . ��...�
<br /> werwhen the iasurance coverage lapsed or ceasedto k_ �.*.����;,��;..
<br /> one-twelfthoftheycar1ymortgageinsuranceprcmiumbeingpaidbyBono 'nr��,,_,,,
<br /> - . ;� t be in effect. l.enderwill accept,use and retain these payments as a loss reserve iu lieu of mortgage insurance. Loss rescrve - ,�, .
<br /> � Fam 3028 91 � 1 ' -
<br /> -- .- � - �- #_ �.,..���-
<br /> _-- - ----r
<br /> - vy�3 er a - -_
<br /> --- - -
<br /> ��aqlNE) ro�izt ,_ _ ,.-,_ - _
<br /> ^, �--,�,-_-,-...._._�_—� ,�
<br />-- �--,^ -- .: ,
<br /> --��•--------__._,,..__._--. .,�d,
<br /> ' , . , T .
<br /> '� .. . , . .. .>
<br /> • � � - - - --
<br /> _ _ _.._._ __ __. _ _
<br />
|