|
-. . ::
<br /> .
<br /> �s..�� � . , , �E v _ f s
<br /> �.�s . . . :� . � - . :. . _ �._� � _ ..� _ .;. ��
<br /> . , ..-._ —_.-- — �- -= " '. , :
<br /> �: - �
<br /> r
<br /> ,. � - - - - -
<br /> . .� ; . .
<br /> ... , , .. . � , .,_ � _
<br /> i ..
<br /> .` �-t .4. L t � �i _ . �� p r t< � _� ( k �.'��.
<br /> v` _ }
<br /> _ �-... �_F. _ " � " ' ' '.4., •'� -.'`',,t�'ja�... .� '_,
<br /> ' p S .. .. - . °�i . . 4 c'
<br /> ` •c . � t.. . . .x,• ' - '.' °- _ ' `L ' c . 2 - .'.�.'_ -'<_ t . "� , � B.�,Z
<br /> . .i .n . _ - , ' .. .• .. ' a . . . . . :, _ .
<br /> C _ ' , .• • . , . - . . . _ '�s: .. . . .c`S ,rt'i . .
<br /> - ,.�F Y .� � � . �� � . . . . . , ,F .
<br />� ° C �r° . . .�. . � . .
<br /> .. .f� " ' � �r ' . < . . , . . _ ' , u � . � ., _ .'.k �4
<br /> ' a ``�( . ` . � � � ' � r ' . . r. .` - , . „ � '. f • . ' ' ' „ . . ',E.� ..
<br /> - ._ . �' � ;, . - � ' . . �' . ' _ -�. ,�. C. ` . ., .r. �: � �n ' � ��f,.
<br /> -- - - - 7 r=- f' - � _ � - >F�" L ' � --- —:z--�, -s---� -- -
<br /> - i. _ �''< _......�_. =._.s..�,.r _ -
<br /> - ' .�.�� - ... '.�;,�.-
<br /> t... . . ' �r,.
<br /> . ' ' �:� ,:.`' .4_ 5. Ha7ard or Pro�erty Insuraace. Borrower shall keep the impmvements ciow existing or hereafter erected on the . •� �'�.
<br /> ' Prop�rty insund against loss by frre,haTards incladed within the term "extended oovernge" and any other hazards. including ; •� .
<br /> � ., ;•r`',� ,'; floods or floading. for afiich Lender requires insurance.This insurdnce shall be maintained in the amounts and for the periads � :°. �`: � � -
<br /> � � •� •` � ' . that Lender requires.The insara�tce carrier providing the insurance sha!!be chosen by Borrower subjecc to Lxndet s approval �J =` ,
<br />_ � • _�.�;..� which shall not be unreasonably withheld. If Borrower fails to maintain coverage described above. Lender may, at i.cnder s � ��: .. +'"' r
<br /> � 5-�"�"'. oprion,obtain coverage to pmtect Lender's rights in the Property in accordance with paragraph 7. �y �
<br /> '=~ AlI insnrance policies and renewats shali be accepiabie Eo Lender and shall inctude a standard murigage ciause. Leader � . -
<br /> � �� shall have the right to hold the policies and renewals.If[.ender requires.Borrower shai}prompUy give to Lender all receipts of • �� �
<br /> . � paid premiumg and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance carrier and[.ender. c� r � •��
<br /> �..�'' Lender may make proof of loss if not made promptly by Borrower. � _ , . ;
<br /> ` "- - --- Unless Ixnder and Borrower otherwise agre�in writing.insurance proceeds shall be applied to restoration or repair of the ' `•::`�==`
<br /> ��i;:.,v •
<br /> . ' � ' - Property damaged.if the restoration or repair is economically feasibte and Lender's secnrity is not lessened.ff the restoration or �.'c �.�'=
<br />_- � , r�air is nnt economirally feasibte or Lender's security woutd be lessened,the iasurance proceEds shall be applied to the sums - : --_-
<br /> - ` . - secured by this Security Insuument, whether or not then due. with any excess paid to Borrower. If Bomawer abandons the - ��=-;,'r__,,
<br />- •..`� �� Property.or does uot answer wiihin 30 days a notice fmm Lender that the insurance carrier has offered to seitle a claim,then � . --
<br /> : ,. ` .."=� Lender may callect We insurance procceds. Lender may use the pmceeds to repair or restore the Property or to pay sums : ._
<br /> . secure�l hy this 5ecurity Instcument,whether or not then due.Ttte 30-day period will begin when the aotice is given.
<br /> , . , Unless Lender and Boaower otherwise agree in writing. any application of pracceds to principal shall not extend or � •'```x
<br /> � ' postpone the due date of the manthly paymems referred w in paragraphs 1 and 2 or chwge the amaunt of Ihe payments. If � •
<br />^_ ,: � �r. under paragraph 21 the Property is acquired by Lender.Bormwer's right to any insurance poticies and proceeds resulting fram ,L ._ , ;., `_.
<br /> - - . � - damage to the Pro�erty prior to the acquisition shaU pass to Lender to the extent of We sums secured by tivs Security r*+�.**��*++Pr+ � :.�• •�
<br /> --._-'---�'`-� immediateiy prior to the acquisition. �`';:. -`-----
<br />-, ` . �� `r �. 6.Ocxapancy,PreservatYon,P1�7aintenance and Protect[on of the Property;Borrower's Loan ApplfratIon;Leaseholds. ���- -
<br /> .";«:.�-:-��_�_
<br /> � � � • Borrower shail occupy.establish,and use the Peoperty as Borrower's principal residence within siaty days after the execution of � ""
<br />���� � � ' � this Securi Insvument and shal!caminue to o the Pro e as Borrower's rin residence for at least one ear after '� `' ��,r� �
<br /> �: tY �PY P �'�Y P � Y !-:' --'_'
<br />- _ . ,.-...:,..v i A�_..z:..._.
<br /> � .._..__ • the date of occu ane .nsdess Lender atherwise rees in writin . which consent shall not be unreasonabi withheld.nr unless °�� " � �
<br /> � • � extenuatin circumstances exist which are b orcd Borrower's wntrol. Borrower shall nat destro , dama e or i air the .�`
<br /> � eY Y g mP s�r°
<br /> � : ' Froperty.allow the Property to deteriorate, or commit waste on the Property. Borrower sha(1 be in default if any forfeiture -�
<br /> � . action or procee�ing,whether civil or criminal,is begun that in Lender's goad faith judgment could result in forfeiture of We • v;`��
<br /> -- �-�---� Property ar oiherwise materially impair the lien created by this Security Instrument or I.ender's security interest.Borrower may • ��,''�„';,�_
<br /> � •.,,,. � cvn such a default and reinstate,as provided in paragraph 18.by causing the action oF proceeding to be dismissed with a ruling . : . .::�;,
<br /> ' � that, in Lender s good faith determination, precludes forfeiture of the Borrower's interzs� in the Property or other material '�'�"�.� ",;��:_
<br />__- �-� -�- -• impairment of the lien created 6y this Security Instrument or Lender's sea►rity interest_�orrower shall afso be in defaalt if `'��� �- _�
<br /> ' Borrower,during the loan application pmcess,gave roateriaUy false or inaccurate inforn�ation or statements to Lender(or failed ^" �
<br /> . .. � to provide I.ender with any material information)in connection with the toan evide�xed by the Note.including,6ut irot limited � , ;�: �;,�
<br /> , . to.representations concerning Borrower's ocxupancy of the Property as a principal residence. If this Secvrity Instrument is on a • • '. . �r,�-
<br />, , ' leasehotd, Boaower shall comply with al! the provisions of the lease. If Borrower acquires fee title w the Property. the �`'..;:i�—=.
<br /> '.'` leas�hold and the fee title shall nat merge untess Lender agrees to the merger in wridng. • .�.-��°
<br />- � �• ' ` 7.Frotectlon oY Lender's Rights in the Property.If Borrawer fails to perform the covenants and agreemenu contained in � '"'-�
<br /> ' � � this 3ecvrity Instrument, or there is a legal proceeding that may significantiy affect Lender's rights in the Property(such as a '�k�' ,-,—
<br /> • ..:�� proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulaaons),then Lender may do and . ",- � _ __
<br />_ : �-, ` :�� pay for whatever is necessary to protect the value of the Property and Lender's rights in the Praperty. Lender's actions may ,-�`_° __-
<br /> . . include paying any sums securc�: by a lien which has priority over this Security Instrument. appearing in court. paying �_
<br /> ' • . � ' seasonable attomeys'fees and entering on the Properry to make repairs. Although Lender may take action under this paragraph "� ���i-
<br /> . _ . `�..�: . r.� _.
<br /> 7.Lender does not have to do so. - '•�
<br /> _ , Any amounts disbursed by I.ender under this paragraph 7 shall become additional debt of Bonower secured by this � `�: . . � . -
<br /> .. ;, Security instrument.Unless Borrower and I.ender agrce to other tenns of payment.these amounts shall bear interest from the ' ,, ;
<br /> _ . _ date of disbursement at�he Note rate and shali he payable, with interest. upon nou.e from Lender to $orrower requesting � . •
<br /> � :. � . payment. '. • . _
<br /> -' 8.Mortgage Iasurance.lf Lender required mortgage insurance as a wndition of making the loan secured by this Securiry � • ° `;��
<br /> ' • �� �'� Instrument. Borrower shall pay the premiums required to maintain the mortgage Insurance in effect. lf. for any reason. the . �
<br /> � ' •� mortgage insurance coverage required by Lender lapses or ceases to be in effect, Borrower shall pay the premiums required to
<br /> � , � • obtain coverage substantially equivalent ta the mortgage insurance previously in effect. zt a cost substantially equivalent to the . . . . . •
<br /> : ,. ,•� .. cosl to Bonower of the mortgage insurance pmviously in effect, from an altemate monga�e insurer approved by Lender. If • . � :.'
<br /> �, substantially equivalent mortgage insurance coverage is not available.Bo,�ower shafl pay to Lender each month a sum equal to
<br /> ' . one-twelfth of the yeariy mongage insurance premium being paid by Bonower when the insurance coverage lapsed or ceased to . . •
<br /> : be in effect. l.ender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve �
<br />._,1� ' iorm 3028 9/80 �
<br /> .,_. . .
<br /> .. .� ' � Pago 3 016 --..-�_-�°�"�'� ..
<br />_�'.. ' � . � . . .
<br /> i. . ..
<br /> .. _.�__.^---�..-.��......�..�.. .................._..._..,..... .,-_._ ._...,,. "..-... _ _ . . ' ' _
<br /> . _.Z.'_. . . ....-.-. .�_...-..._..__ _ .
<br />, ..��'". . . • • ' . - • . . .. . . - . � . . . .
<br /> � , . , �� � � • � � �,,.�..;�...�.� . . � , �..�.+-s+-�+e�T'C��, _'^�" -"^-"—� - .
<br /> .i. .. .. . .�• ___'..._ .. .�. . . .. .�.. .. . ... . . . . . . . . .. . . _ . .. _ .. . ... . . :".� .. . �:�•.. .. . . . • .
<br /> . .�., .. ' . , .
<br /> � , .
<br /> .
<br /> . .. . . . ♦ -� . , � �• • '1�
<br /> . . .. _ ...
<br /> . � . -. . _.. ' � ,�-
<br /> � . .. ♦
<br /> __�. . "'.�.... ._...•_�•. ._�.r.. . _ � . . . . ' . . ' '� . . . . _ . . . . • � • .-.- . . ' �'. .i.
<br />
|