|
�...w-ea����, i���� ^(( 8�M ..�.� ..� ._.. ,- . '—
<br /> . � � ' :��kV.� �'J:'rX1A �'• � � _..
<br /> ����
<br /> - - - c., _. - • ' � - --_----- - �-
<br /> ;� � 92_ io'r��ss
<br /> _ � S. Hazwrd or Property Inwrwtce• Borro�n+a shal� ICeeP the improvements now existing or hereaftcr erocted an �he
<br /> - Property insured aQalnst loss by flre,hazards inc�uded wtthin tha tecm "extetded coverege" and any other hazarda. lndudin8
<br /> - -,---°_- -°- il«xla u� iiuu�ieig, for uhich L:.;�:.r reqttires':�surance.'!'4+!a incnrnnrr chell he maintained in the a►nounts end for the p�:riods
<br /> that l.ender requires. The insurzu�ce carrier praviding the insurance shall be cho.5en by Borrower subject to Lender's approval
<br /> ,f which shull not bc unrcusanably withheld. If Borrower fuils to maintain coveruge descriixd above, I,ender may, at l.ender's
<br /> _.,,F. - = option,obtain coverage to praect Lender's rights in the Property in accordance with paragrnph 7.
<br /> _�° All inturnnce policieg and renewal� shall be acceptable to Lender and shall include a ctandard mortBage clause. Lender
<br /> �'�.� shall have the right to hold the policies end renewals. if Lender requires.Borrower ahall promptly givc to Lender all receipta�of
<br /> � paid premiums and renewal notices. !n t he event o f loss,B orro w e r s h a l l g iv e p rom pt notice to the insu�carrier and Lender.
<br /> �_ _ __ __ ___ Lender may malce proof of loss if not made promptly by Borrower.
<br /> � --�--- Unless L.ender and Borrower othenvise agre� in wming,insunuKx�«x.ix�is shalt bc applia! to restos'stion or re�wir of the .
<br /> :�,�„�;� Properry damaged,if the restaratfon or repair is economkally feasible and Lender's�ecurity is not lessened.If the restorsitian or
<br /> __a. ______"__��;� repair is na econ�mically feasible or Lcnder's security would be lessened,the insurance proceeds ehall be applied to the sums
<br /> - - -_- secured by this Security ln�tn�rnent. whether or not then due. with any excess paid to Borrower. !f Borrower abandons the
<br /> __---_�si�;,��� Propeny, or daes uut wuwer within 30 dtty.°.'•3 IIO�ICC FIOIIl LCI�?!'�I1i1<<�IIIAUI'AfICC CAIT�P.f MAC f1�PTQfI�A CPIIIP A CIA1111� then
<br /> - Lender may collect the insurance proceeds. L.ender may use the proceeds to repair or restare the Properry or to pay sums
<br /> �''-'-��:-.�� � secured by this Security Instrument. whether or nat then due.The 30-day period will begin when the notice is given.
<br /> �� ,;"..�."�:.�.
<br /> �1�sas2.�t�, Unless I.ender and Botrower othecwise agrec in writing. any application of praceeds to principal shall not extend or
<br /> ��a-�«��-�"____ __ postpone the due da�e of li�e monthly paymcnts referred to in paragraphF 1 and 2 or change thc omount of the payments. If G_
<br /> _=� ,,. ��;;:�:;;,�;.; unJer parugraph 2l the Property is�equieed by Lender,Borrower's right to Any inxurance policies ond praceeds resulting from c_
<br /> - �Y���--�-::__ damage to the Property prior to the acquigition shall pass to Lender to the cxtent of the sums secured by this Security Instrument
<br /> -- -i.:�n'-
<br /> t,« ..,, �,�,��,'r, immediately prior to the acquisitbn.
<br /> ..,•_��',, o -_
<br /> 6.Occupancy,Presetw�t�on,Matntenancc and Protectbn of the Property;Borrower's Loon Applkation; Leasehalds.
<br /> ___ . �' Rnrmwer shWl accupy,establish,and use the Propeny as Borrower's principal residence wi�hin sixty days after the execution of �
<br /> - '����W����~ � this Security Instrument and shall continue to acc upy the Property us Borrower's pnnc�pal residence for at Irasi une yeur ai�er
<br /> • s.,.,� y��ti�.�,..:.�: -
<br /> __'�',', the date of occupancy. unless Lender otherwise agrees in writing, which consent shall not be unreasonebly withheld,ar unless
<br /> '� extenuating circumstances exist which are beyond Borrower's control. Borrower shall not des�roy, damage or impair the
<br /> .���� --
<br /> �� 4�' �iiF,r,,.;,,:,, ... .. ,� Property, allow the Property to deteriorate, or commit wustc on the Prapeny. Borrower shall be in defeult if any forfeiture
<br /> ���'h �L.•.,rt..��.- -, •..
<br /> -_:Y.Y� •„��,,,� ,,:,;,,1:.�,•,, action or procecding, wl►ether civil or criminal,is begun thnt in I.ender's good faith judgment could result in forfeiture of the
<br /> --::., �� Propeny or otherwise materially impair the lien created by this Security Instrument or I.ender'R security interest.Borrower may
<br /> � -��;.�,'�r�,._ •
<br /> ^�, � - , ,_A .--=..�.,.,r�, cure such a default as�d reis:stat�,as pravld!d in paragrs�h 1 R, hy cau�ing the action or proccedinR to be dismissed with a ruling
<br />- ° � �' thnt, in L.ender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other mater�al —
<br /> ? � • �' ' ' impairnient of the lien cres►tod by this Security Instrument or L.ender's security interest. Borrower shall also be in default if _v ry
<br /> ' ° �ut�iu ��} ;,_,,;' Borcower,during the loan appl icution pracess.gave muterially fulse or inaccurete information or slatements to l.ender(or failed
<br />° -...,. to provide I.ender with any material information) in cannection with the loan evidenced by the Na�c, including,but not limited
<br /> - �"".,�. , . ^ ' to,represenwtions coneeming Borrower's occupancy af the Propeny as n principal residence. If this Security Ins�rument is on a �,;.:
<br />,;`�, b .. leasehold, Bonower shall rnmply with all thc prc�visfons of the lease. If Borrower acquires fec title ro the Properly, the
<br /> ` � " : ' leasehold and the fee title shall not merge unlese[..endcr agrces to thc mergcr in writing.
<br /> J'� " 7.Protection of I.ender's l�ight�in the Property.If Borrowcr fuils to perform the covenants and agrecmcnts rnntained in
<br /> �Z..� �� � this Security lnstrumem, or thcre is a Icgul proreeding thet muy signilirnntly affect Lender's rights in the Property (such as a
<br /> ��'-'�"�-""`� raccedm in bankru �� iuUnte, fui wudc►nn�tion ar forfciturc or to enforce lew��r re�olAri�n�►. �hen I.ender may do and ��`Y
<br /> -�-_ P 8 P 'Y• P - -
<br /> • , ` : ; puy for whatever is nccess�uy to protcct thc vulue of thc Property und l.ender'c rights in the Propeny. Lcnder's actions may
<br /> ,�° •� ° include paying any sum+ secured by a licn which h�s priority over this Security Instrument, appearing in court, paying _
<br /> � '�''� • '" reasonable uttorncys' fecs and entering on the Property to make repairs. Although L.ender may take action under this paragreph a=�
<br />��•. . �: �-:
<br />: � ,_��; � 7,Lender does not have to do so. ��_
<br />�... ..
<br /> ° 'y �� Any nmounts disburud by Lender under this parugroph 7 shull bccomc udditional debt of Borrowcr secured by this _
<br /> "- d'`"" ", �''�` . Securiry Instrument. Unlcss Borrowcr und L�:nder agree tu othcr tcrms of payment, thesc umounts shall bear intcre+t from the �;
<br /> • '. • di►te of disbursement at tl�e Note ratc and shnll bc payuble. with interest, upon notice from l.ender to Borrower requc�ting !�
<br /> �c
<br />•. 3'".,-. • . payment.
<br />?+, _
<br /> , ,;,�,,;_- • -. 8.MortgaRe Insurance. If L.enJer required mongoge insurance�s u cunJition uf making the loan sccurcd by this Security
<br /> • ' �� ° Instrument, Borrower shull puy thc prcmiums rcyuireJ tu muintuin the mongogr inwrunce in effcrt, If, for uny reason, the
<br /> ~ mortguge insurunce cover�ge required by lxndcr lapties or ccases to lx in cff�tit, Burrowcr.hull puy thc prcmiums rcquired to =_
<br /> `" �`` = -`b•---� obtain cover3 e substanti�tll e iiv;dent �o�hc mort a e insuranrr rwiousl m cffect, ut u cost sub�tantiully equivulent to the
<br /> - - ,�_-----•._ . S Y 9� � 6 p ' Y � -
<br /> � ° cust tu Borcower of the �nongagc insurancc pRViously in ctf�tt, frum an ultcrn•rtr murtguge inwrer uppruvcd by Lender. It �
<br /> � o -•• "�•� ' • substantiully equivalent mong�ge insurunce cuvcru�;c is nut uvuilablc.Borrowcr shall pay to lsnder cach month a sum eyual W .
<br /> .:�. � ' one•twelRh of the yeurly mortguge insurancr p2mium bcing puid by&xrower whcn th�insumn�r rovcragc IApsed or ceased to
<br />- , be in effect. Lender will uc�rpt,u,�:u�uf retuin Ih�x payment+as u loss rescrve in lieu id' mnngage insurancr. L.oss reserve ..
<br /> _, � ,� Form 3028 9180
<br /> �• i- - . ' Ppe 7 0l 8 ��.
<br /> //. 4 �
<br /> .. ' , ��.
<br /> . �. . " � , � ._.. . � _. � .. _., , ..�_.� _. . ... .�a7��1�IT�t1'-'llbM�=�kM�?`s'Y"•�.1'ila�:..:1�W: ..•d�.�tlSt�G•��.�;
<br /> � �
<br /> � .
<br /> • .,•. � i.�rtr,w_.:_.,s.i�i'�:r.;';='`—
<br /> a. � .. � �
<br /> _-. . "` �. - ^ ,. --� _ '. ... _..--. _. . .
<br /> Y � �
<br /> � i �_ .. � .. .. .
<br /> , � ..'� � . �.
<br /> j .
<br /> fe ... � .. `� .
<br /> Z . ' �
<br /> ,' �
<br /> � , .. �
<br />
|