|
_ ..
<br /> . . :
<br /> = -
<br /> . _ . . . .. . - - - -
<br /> � .., r:
<br /> - . - • ------�-- - — --, _ — -.' `- -- -
<br /> .- _ . ' _ . . . F k
<br /> �`y{ . . ' , � ' .
<br /> -, .0 r__ _ . .. - , . _ . . - . . � � -. � _ � 'o' - `_-'
<br /> ' . . ,. ' . �ti I . . l ` . . ` . � .�( . , • . . , '` , .. • . ., l , ^C E ` .
<br /> ` , ' " " Y- .<� ' , i ` `Y � ' . � . . _ . , . . t` `y ' , . . = �F:
<br /> � � . � t � �R.i • • ` . .` - � . . . ` - ` • < . . • c ' '. . � "'�:'. . .
<br /> . : � , - .� . . � . ' , ' . . - � . . . . ... . . _ . � . .. `� t-y:
<br /> � . -.'a.__.._._.. _.[....>.,.___�-�_..._v'..__'""�_ .- r�'.+._'._�.��_.L'� '--' f..�_� ...__�_ - -L-� • ' .
<br /> , .. _ � � . . , - .
<br /> . 98- i�o�� ,. .. � .
<br /> ' � - ° �, yamrd ar property Iasv�ace. Bonower sball keep the improvements now existing or hereafter erected on the � . '
<br /> _ � '� property iiuured against loss by fir+e,hazards includeei within the term "exteaded coverage" and any other hazards. including , �
<br /> � ` ' flaads or tlooding, for��hich Leader requires insurance.This�nsnrance shall be maintained in the amounu and for the periods , : :':o ...':_;.-
<br /> `�f r:.�•' .
<br /> � � that Lender requires.The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval
<br /> :"�-.�:.Y� which shall not be unrea�onably withheld. If Borrower fails to maintain co��erage described above. i.ender may. at Lender's �••�� _ .
<br /> `�--r.;`x option.obtain rnverage to protect Lender's righis in the Pro�erty in accordance�vith paragraph 7- _
<br /> x:—T . —
<br /> � ' All insurance policies and renewals shall be acceptable to Lender and shall include a s[andard mortgage clause. Lender
<br /> ` � shall have the right to hold the policies and renewals. If Lender requires.Borrower shall pmmpdy give to Lender all receipu of �.i,.. ':`.°';`:.
<br /> ' ' paid pr+emiums and renewal noaces.In the event of loss,Borrower shaU give prompt notice to the insurance carrier and Lender. � . ,
<br /> � Lender may make proof of loss if not made prompdy by Borrower. - •��: �
<br /> Ualess L.ender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair of the '_-°�;_;_
<br /> ��, Properry damaged,if the restoiation ur repair is economically feasible and Lender's security is not lessened.If t6e restoration or .;�;
<br /> at
<br /> repair is not ecoaomically feasibte or Lender's security would be tessened.the insurance proceeds st�all be appGed to the sums r, , r,,-, �__,•• -
<br /> ..�•..__
<br /> ' � �. �� secured by this Security Insuument, whether or not then due, with any excess paid to Borrower. If Borrower a6andons the •:°:��<_:'.-�T •-:; .
<br /> � ` Pro or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim,then +�Y: z� � `
<br /> �', Pert}.
<br />;� ' . -- Lender may eollec[the insurance pmceeds• L.ender may use the pnoceecls to repair or restore the Property or to pay sums '� ' ?��cc.��
<br /> � • • secured by this Security tnstrament,whether or not then due.The 30-day period will begin when the notice is given.
<br /> - .. '•, Uniess Lender and Borrower otherwise agree in writing, any applicauon of proceeds to principal shall not extend or ,�_
<br /> , �� ," •1� postpone the due ciate af the monthly payments referred to in paragraphs I and 2 or change the amount of tGe payments. If
<br /> � i'�''��
<br /> __ ,. .. . ;� under paragra�►h�I the Propecty is acquired by Lender.Borrower's right to any insurance policies and proceeds resutting from j , . -`
<br /> gra►
<br /> damage to the Properry prior to the acquisition shall pass ta Lender to the extent of the sums secured by this Security Inst�ument � ,.,
<br /> � _:.��. immediately prior to the acquisiuon. ��
<br /> , ' 6.Occupaacy,Pr�servation,1lfainteaartce and Protection af the Properly:Borroner's Loan A licatton;l.easeholds. . . =�
<br /> PP . .�--�-
<br /> � '.'� Bormwer sha11 accupy.establirh.and use the Property as Borrower s principal residence within sixty days after the eaecution of
<br /> 4%y�_
<br /> " � ' '" "�� thi.S�urity In�trument and shall continue to accupy the Propeny a.ti Bnrrower's principal residence for at least one ye:u after :� �� ` 's �_
<br /> the date ai accupancy. un le.s L en der ot herwitie agcee+in w r i t i n g, w h i c h c o n s e n t s h a l l n a t b e u n r e a t o n a b l y withheld.or unless �«_,
<br /> ..z.:.
<br /> ..�`���.::
<br /> ,�1� : . extenuating circumctances exi�t which are beyond Borrower', contral. Borrower shall nut destroy. damage ar impair the "_.�_�,,:
<br /> . Pmperty. alti��v the Property to deterioratc, or cummit wa�te on the Property. Barmwer shall be in default if any forfeiture . ,:;�?,
<br /> .��'
<br /> ` i._.�'.
<br /> ' � actian or pror�ling, whether civil or criminal.is begun that in Lender'+guod faeth}udgment could result in forfeiture of the _�_,_
<br /> � Y Propeny or otherwise materially impair the lieR cr�ated by thi.Security Instrument or Lender's security interest.Borrower may � ; ���-.--.
<br /> ' cure tiuch a default and reim�tate.as pravided in paragraph 18,by causing the actian or praceeding to be dismissed with a ruliog �+��"
<br /> �-- --- ' _ .- that. in Lender's gond faith determination. precludes forfeiture of ihe Borrower's interest in the Property or otfier material � ��i_
<br /> �-�;_
<br /> . . � . . impairntent of the lien created by this Security instrumcnt ar C.ender'c securiry intesest_ Borrower sball also be in default if ;., . . �,y::'+�.:
<br /> ". �
<br /> ,. -,': ";.,L�•-
<br /> '- -'� Bnrrnwer.durine the laan applicarion process,gave materially false or inaccurate information or statements to Lender(or failed
<br />-:". • :�s
<br /> • � , . to pravide Lender with any anaterial information)in connection with the loan evidenced by the Note.including.but nut linuted —
<br /> to,representations conceming Borrawer's occupancy of the Property as a principal residence.If this Security Insuvment is on a , -` ; ;���,�
<br /> • Ica�ehold. Borrower shall comply with all the provisions of the lease. if Sorrower acquires fee title to the Property. the . ,;, •,;;;.
<br /> :.�:.:
<br /> , leasehold and the fee title shall not merge unless Lender agrecs ta the merger in writing. • . ••,;��:_
<br /> . ' � � 7.Protectton of Lender's Rights in the Property.If Borrower fails to perForm the covenants and agreements contained in : • ::,�
<br /> �' � this Security Instrument,or there is a legal p:oceeding that may significantly affect Lender's rights in the Property(sucfi as a ;�,�.
<br /> ��'' proceeding in bankruptcy.probate. for condemnation or forfeiture or to enforce laws or regulations),then Lender may do and .' �
<br />- pay for wha[ever is necessary to protect the value of the Property and Lender's rights in the Property. I.ender's actions may : ___
<br /> , . include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court. paying ' `. -
<br /> • ' reasonable attomeys' fees and entering on the Property to make repain. Although l.endet may take action undar this paragraph . ., �
<br /> � 7.L.ender does nrn have to do sa .:
<br /> • Any amount. di,bur,eJ by Lender undcr this paragraph 7 shall becorr.e add;�ional debt of Borrower secured by this �.�.�
<br /> ' � Security inztrument. Unless Bnrrower and l.cnder agree to other terms of payment, these amounts shall bear interest from the . .
<br /> ._ , date af diabursemcnt at the Notc rate and shall be payablc, with interest, upon noticc from Lender to Borrower requesting . •
<br /> � � . . payment. �'„ �• � ,
<br /> !•�'• ' 8.Mortgage Insurance. If Lender required mortgage insurance a.a conditian of making the loan sexurod by this Security �' .�
<br />" , Instrument. Borri�wer shall pay the premiums reyuired to maintain the mortgage insurance in effect. If, for any reason, the . . ._�� :
<br /> mortgage insurance coverage reyuireJ by Lender lapses or.easer to be in effcct, Borrower�hull pay the premiums required to . .
<br /> obtain coverage substantially equivalent to the martgage insutanee previously in effect,at a cost substantially equivalent to the , . , .
<br /> ,: �_� cost to Bnrrower of the mortgage insurance previou+ly in effect. fr��m an altemate mnrtgage imurer approved by Lender. If . „ ° :
<br /> . substxntially cyuivalcnt mongage insurance coverage is not available.6c�rrower shall pay to l.ender each month a sum equal to
<br /> • onc-twelfth of the yearly mongage inwrance premium hcing paid by Borrower when the insurance covcragc Inpsed ar ceased to
<br /> he in rffcct. l.ender will acrept,utic and retain thetie p:ryment�a� a lu��. rescrve in licu of murtg�ge imurance. Lvrs reserve : ,
<br /> ' • ' form 3028 9190 � ' � -
<br /> � ' VnNn 3�I Cr . • . .
<br /> ' � . '
<br /> . . ' � 1: ' � . � .
<br /> _ t . ' • , ' .,.. .
<br /> �
<br /> '.-+., . . _ _—_
<br /> . . . , '..�. .�..,. � ��.�..__ —_�._ ..._ _ .. _ _ .._ . .�r�... . .._ ... a._ h. ti_r't1Y
<br /> .—_ _ _ . - _ _ . . . ... _ .. .. _ . . ... .... - .._' ' __. ti � •-� ^ _ S -_ _ _... ._
<br />
|