|
.: .,'`� ' „ ' ,. . ..-.,.�...
<br /> � . -,'��.��s�-
<br /> ,n� • . • ' ... .. , . .., � . �....,.�Ni�P!�s
<br /> �:�•�, ..�. e....
<br /> .��•��_.��c���r-
<br /> „ . t�"' .: •....I, �'lR.:.�� -�'�tLewiM�!hl.:;Y -. .. � . . ._ -' .�...�r��.,��- .
<br /> 'r'i'�e�'.�'!.-_..o�_--
<br /> .. , r �.����
<br /> .. . ._—t�:.���ti�
<br /> . � 98— A�1C1�9.99 ����.�;�s;+t=_—__.
<br /> :.`�,.;Y��=;-.;.�_�-_;�
<br /> ' S. Hwnrd or Property Insurance. Bormwer shall keep the improvements now existing rn' hereufter crated on the •�.r'���:t�,��!;�"p
<br /> F��operty inyured ugain�t lutis by fire. h:��rds iiicludrd within the tcrm "extended covcrage" und any uther huturJs, including ,
<br /> floud�ar ili�oJing. for whirh l.ender reyuires in+urance. Thiti insurunce tihall he maintaineJ in the amountti und ti�r Au period.
<br /> that I.^ndcr rcyuirc�. Thc insurancc carricr providing thc insurancc hhull lx choscn by Bnrrc�wcr �uhjrct tu lxncicr', approvul , ,
<br /> which shall nat be unrcasunubly withhcld. If Borruwcr fuil, tu muintain wvcrage dcscrihcd abuve. Lendrr may..0 I.cndcr'ti i-' ,.;s,`
<br /> 't�'; ._
<br /> . option,abtuin coverage to pr��tect I..ender's righ[,in the Property in arre�rdanc�with puragraph 7.
<br /> .. .,.;.,,..
<br /> All insurance policics and renewals shall be ucceptuble to Lender and shull include u standurd martguge clautie. LenJer j'.�;•'�::; •:;,:;±9ie�!_:"
<br /> . shall huvc thc right w hulJ thc puliciu,anJ r�no�ti'als. If Lcndcr rcquirc�, Rnrrciwcr shull promptly Five tu I.cnJcr all reccipts of ' `� ; ',,
<br /> ' `� ,:•-;•��.��P��_.
<br /> ��' � p a i d premiumti and renewal notices.In the event of loss,Borrower shall gi��e pmmpt notice to the insurunce carric:rand I..ender. `
<br /> � L.cndcr muy mukc proof of loss if not made promptly hy Borrowcr. r+�;�• �;;��
<br /> ,,,,�;,�+� , - �:��'t
<br /> .,,.,,,.wNr.� Unlcss I.cndcr and Borrower otherwise agrcc in writing, insuranre praeeds shall hc upplicd to restorntion or rcpair of thc —.r___ �- -
<br /> ; Property dnmaged,if the restoratian or repair iti economically feasible and I.ender's security is nc�t lessened. If the rcstoration or ��-a=__ _ �
<br /> � � repair is not econnmicully feasible or Lender's security would be lessened,the insurunce proceeds tihall he appli�d to the sums �__
<br /> � secureci by this Serurity Instrument, whether or not then due, with uny exeess paid to Borrower. If Borcower abundons the �
<br /> Property, or does ncu answer within 30 days u natice from I.ender that the insurance currier has offered to seulc a claim, then
<br /> Lcndcr may collcct the insurunce prcxeeds. I.endcr may use the prorceJs to rcpuir or restore thc Property or to pay sums ---
<br /> securcd by this Sccurity Gistrument,whether or not thcn due.Thc 10-day period wi�l hegin when the notice is given. �__
<br /> Unless Lender und Borrower utherwise agrec in writing, any application of pmceed� to principal shall not extend or _
<br /> f� postpone the due date of the monthly puyments referred to in pnrugraphs 1 and 2 or change the amount of the payments. If _
<br /> x under pa�agraph 21 the Property is ucquired by I.ender,Borrc�wer's right tn uny insurance policies and proceeds resulting from
<br /> ` damage to the Property priar to the ucquisition shall pass tu IxnJer to the eztent of the sumti secured by thi�Security Instrument �_
<br /> immediutely prior to the acquisition.
<br /> r. 6.Occupuncy,Preservation,Matntenance and Protection of the Ptroperty;Borr�wer's l.aan Appltcatfon;I,easeholds. —_
<br /> Borrower shall occupy.establish,and use the Praperry as Barrower's principal residence within sixty days after theexecution of _
<br /> � ;� this Ser.uriry In.rnument and shull continuc to occupy the Property as Borrower's principal residence for at least one year after
<br /> the date of arcupuncy,unless Lender otherwise ugrees in writing,which consent shall not be unreasonnbly withhcld, or unless
<br /> extenuating circumstances exist which arc beyond Borrower's control. Borrower shall not destray, damage or impair the
<br /> Praperty, ullow the Property to deteriorate, or commit wa�te on the Property. Borrower shall be in defnult if any forfeiturc �-
<br /> ���a:.
<br /> action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgment could result in fodeiture of the - - —
<br /> Propeny or c�therwisc muterially impair the lien crcatcd by this Sccurity Instrument or Lendcr's security interest. Bonower may _
<br /> _� cure such a default und reinstate,ati provided in paragraph 18,by causing the uction or proceeding to be dismissed with a ruling _ '�
<br /> ,_;,. ,- —
<br /> that, in I.ender'x good tauh determination, precludc, tvrfrHurc:�f tlr; Earrower's iotcr�sr �� rhe Property or other material
<br /> impuirment of thc lien created by this Security Intitrument or Lender's ucurity interest. Borrower shall also be in default if ___
<br /> Borrower,during the loan applicution process,gave materially falsc or inxcuratc informution or statements to Lender(or failed ._.-_
<br /> . to provide Lender with uny material information) in connectian with thc loan evideneed by the Note. including, but not limited
<br /> to, representations conceming Borrower's occupancy of the Property as a principal residence. If this Security lnstmment is an a _
<br /> � Icasehold, Borrower shall comply with all the provisions of the Icase. [f Borrower acyuires fee tide to the Property, the __ —__
<br /> Icaschold and the fce title shall not mcrgc unless Lcnder agrees to thc mcrgcr in writing. �-
<br /> 7.Proteetton of I.ender's Ytights ln the Property.If Borrower fails to perform the cc�venants and agreements contained in .
<br /> this Security Tnstrument, or thcre is a Iegul proceeding that may significantly affcct Le:nder's rights in the Property (such us u
<br /> proceeding in bunkruptcy, probatc, f'or condcmnation or t'orfeiture or to cnforcc laws or resulations), then Lcnder may do and
<br /> puy for whatevcr is nccc��ury to protect the value of[he Property and Lender's rights in the Propeny. I..ender's uctions may
<br /> includc paying uny swns securcd by a licn which has priority uvcr this Sccurity Instrumcnt, appcaring in court, paying
<br /> rea+onable uttorneys' fecs und entering cm the Pro}xrty to make repairs. Although Lender may take action underthis paragraph
<br /> � ,�� 7, L.cnder docx not havc ta do so. _
<br /> A7y amounts disbuned by Lrnder under thi� paragruph 7 shall become additionul debt of Borcower secured by this
<br /> Security Instrument. Unlcsti Borrowcr and Lcnder agree w ather termr of paymcnt, these amountti shall bcar interest from the
<br /> datc of disbursemcnt at thc Notc rutc and shall hc payable, with interest. upon noticc from Lendcr to Borro�ver mquesting
<br /> pxyment.
<br /> � 8. Mort�age Insurance. If Lender reyuired mortgage insurancc as arunditicm of making the loan secured by this Security —'
<br /> Instrumcnt, Born�wer shall puy the premiucnti reyuired to maintain the mc�rtgage insurance in effcct. If, for any reason, the
<br /> mcirtgage insurance coverage reyuired by Lender lapses ur eease+ tu bc in ctl'ect, Borrower tihull pay the premiums required to _
<br /> � obtain ruvcrugc sub,tantially cyuivulcnt tc�thc mon�age insurunrc previ�Wtily in effect,at a cotit substantiulty equivulent to thc ___ ___—
<br /> ' rosr tu Barruwer cif thc mortg3gc insurancr prrviuusly in cffcct, from an altcrnatc mongagc insurcr approved by Lendcr. If L
<br /> >ubstantiully cyuivalrnt mortgage in�uran�r ruvcragc is nut uvailable, Borrciwer+hall pay tu L,ender c;�ch month a tium cyuul to �;�„c
<br /> " �mc-twrlfth of thc ycarly mortgugc insurancc prcmium hcing paiJ by B��rruwci'whcn thc insurance cuvcrugc lapscd or ccascd to �i., ��t+_
<br /> . • be in eff'ect. Lendrr�vi11 urr�pt,use and retain thetie payments as u lu,s rcticrve in licu uf murtga�,e imuranre. Loss rescrvc ,�._,
<br /> Form 3028 8190 ����' �-
<br /> '�.xwy:":(:..
<br /> Paye 3 0l ti
<br /> _t''r^_',r. .
<br /> _._�_�3��.��. . _.... ... -- - ._ -••.,:. ,.-_ �. ,.
<br /> . ...,., ..-. ... ..
<br /> �r . '. - � .. .liL.:_1::LS^r.'�7Mh'�4�•MM/Yr"^'�[wl"+�n., ._ .... .. .
<br /> ._ _ �1.. .. ..__.. . . . ... _.
<br />
|