|
_ _. �� ,
<br /> _ --- � --,--_ _.�� �. 4._._}.-,— . --�= -r----r:
<br /> .. , . . � . < <�. ' : .T F^ _ � , . • . , • � .. ��.��_
<br /> .. � � ' : . , --
<br /> . � . .� r .. .� ...
<br /> - . , ' � _. k•.` • .. . . ',t
<br /> , • • � � ,• � � .` � i� � • . ., • � ,,i , . ( ' .. �, �.. �" '` . . .._Y:' .l •
<br />� ���� ���. � .. c ' � , .�_..�_ ���_�� , ��`y� Y I.� r ..--. •k y __.
<br />. � ' �•�' .• ,var�{
<br /> S�
<br /> � �7— �,00s�� ` . � � : ` � �_
<br /> � �:�. .. _ . .�,
<br />� , 5. Hazard or Property Insurance. �orrower shall keep the improvements now existing or hereafter erecte� on the l.`, � � �.�
<br /> Property inyured against loss by fire, hazards included within the rerm "extended coverage" and any other haiards, including : t._., .,a_ _ =
<br /> flood.ar tlauding. for which L.ertder requires insurance. This insurance shall be maintained in the amounts and for the periods ,`� � � ' " `
<br /> ,r. �..�
<br />' [hat Lxnder requin.�s. The in�urance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval . . ��t��-
<br /> • which shall not be unreasona6iy withheld. If IIorrower fails to maintain coverage described above. Lender may. at Lender's :� ,, ^�
<br /> option,obtain coverage to protect I.ender's rights in the Property in accordance with paragraph 7. - - , - - .- -.
<br />' AU insurance policies and renewals shalt be acceptable to Lender and shatl include a standard mortgage clause. I.ender --�,�,��-= -'.--a-=-= '
<br /> shall have the right to hold[he policies and renewals. If L.ender requires,Borrower shall prompdy give to Lender all receipts of . " . ���•� ,: �
<br /> `Y� paid premiums and renewal notices. In the event of loss,Borrower shall give prompt nouce to the ittsurance carrier and Lender. •_ ;. .
<br /> L.ender may make proof of loss if not made promptly by Borrower. �;,,_.,_,;::.�,_�. _
<br /> Unless Lender and Borrower otherwise agree in wriring, irLSUrance praceeds shall be applied to restorauon or repair of the � �r '-..� ��
<br /> . .�
<br /> Property damaged, if the restoration or repair is ecanomically feasible and Lender's security is not lessened.If t+��restoration or �,; , , � •
<br /> , repair is noi economically feasi6le ar Lender's security would be lessened.the insurance proceecis shall be ap���to tEs r:ms --:�sc�-�.�•�..:=' -`�
<br /> .:.r�: - -
<br /> secured by this Security Irstrument, whether or not then dus, with any excess paid to Borrower. If Borro�:e*�s.'*dos :h� - �t ��"�-.;
<br /> "��.�' '..,,�;�:�-,�.li�,.�„F...
<br /> •� � Property,or daes not answer�vithin 30 days a notice from i.ender that the insurance carrier has�:'?'ered to s�':�a daim, t�e� F,;„__._,.______:�;�._.__,._y..-
<br /> Leader may eolleet the insuranee pmceeds. Lender may use the proceeds to re��:� er restere �; Fm;±e.:.: a- co pay surns y�,�.;'- .;^:�a4e�.
<br /> • �� secured by this Securiry Insnument,whether ar not chen due.The 30-day period�r-::;��.;;;n�hen��::�rice s�;:ti�en. 'r`�_'�^� ,_-'- -__.
<br /> �.,3 Unless fisr.der and �orrower otherwise agree in wridng. any a,pplication of proceeds to ��.�..�ipal shall not extend er -�,` ___-_ °
<br /> "'� postpone the aue date of the monthly payments referred to in para:.�hs 1 and 2 or change the amount of the paymeats_ ii �'�'��_f,, -_—
<br /> - under ra h 21 the Pro is a uired b Lender, Borrower's r t to an insurance olicies and rocceds resultin froa �'
<br /> P�S P Pem'� al Y � Y P P g s"�`�„�,.�'�.�.��
<br /> ���:; -- -.��;;
<br /> -� � damage to the Property prior to the acquisition shall p��,�.to Lender to the extent of the sums secured by this 5�:.::ty Insdvment S y�_�...:._=�:.A.=.._�--
<br /> i immediately prior Lo the acquisition. �•�`'�• � " ° __
<br /> � � r
<br /> : 6.(iccupaacy,Preservation,Maintenance and Protection ef a�e Property;Borrower's Loan ApplIcation;Leaseholds. _�� �,�-�.-:;-
<br /> ���:
<br /> ' � Borrower shall occupy,establish,and us�e[he Property as Borrower's principal residence within sixry days aher the executie��= '"' '"`-•"-
<br /> =3 .,• +":�r • -..
<br />' this Securiry Insvument and shall conrinue to accupy the Property as Bonower's principal residence for at least one year a:*�wr -�,;. .�,;;�
<br /> .'.�1. the date of occupancy,unless Lender othenvise agrees in writina, which consent shall not be unreasonably withheld, or unless '�:
<br /> s extenuating circumstances e*�st which are beyond Borrower's conuol. Borrower shall not desuoy, datnage or impair the �:`•�'� ;�'.
<br /> +��c�•' Property. al[ar:the Proges:� to deteriorate, or commit waste on the I'roperty. Borrower shall be in default if any forfeieue •;,�,..,�`•_:�,' . � "
<br />-.�%..C' [� .
<br /> Jf�'� action or pm+c�ing, whether civil or crsninal. is begun ihat in Lci!izr's good faith judgment could resWt in forfeiture ef��: ��•a „�,;�,�t*.��` ��' ;-
<br /> is�,,; Property or K�erwise materially impair tl�e lien created by this Securi��Instrument or Lender's security interest Borrower r.:�z �, . •_.�, ,,�,�,�,.`�,.:-r,.;_.•
<br /> f�;' cure such a default and reinstate,as provided in paragraph 18,by causing the acdon or praceeding to be dism�ss�with a ruling "`%��-+��.•��' � -=- �'•'".;•.-_
<br /> • that. in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other material .',r�� � •
<br /> impairment of the lien rreated by this Security �nstru�rcent or Lender's securiry interest. Borrower shall also be in default if "��r;s�: ��;,: �
<br /> Borrower,c�uring the loan application process,gave materially false or inaccurate information or statements to Lender(or failed .' ` !`'``~�:�..
<br /> to rovide Lender with an material information)in connection with the loan evidenced b the Note.includin ,but rtot limitet! �"•Y'"`�; "•� '
<br /> p Y Y g 1;.'-: ::,�.
<br /> to,representations conceming Borrower's occupancy of the Properry as a principal residence. If this Serusity Instnunent is on a '` 'f �•°' ..
<br /> leasehold. Borrower shall wmply with al! the pravisions of the lease. If Borrower acquires fee ritle to the Property. the - ____ :•,^�`=`
<br /> leasehold azzd the fee title shall not merge unless Lender agrees to the merger in writing. �'�;�T,_�;•�
<br /> :� _.
<br /> 7.Pra�:+�..�ton of Lender's RTghts in the Property.If Borrower fails to pehorm the covenants and agreements wntained in ��:.-l=-��-�fi�--�
<br /> this Secur:*.w �strument. or there is a legal proceeding that may significantly affect Lender's righu in the Property (such as a �--�
<br /> proceeding ia bankruptcy.probate. for condernnation or forfeiture or to enforce laws or regulations), then Lender may do and -. -- --' —
<br /> , pay for whatever is necessary to protecc the valae of the Property and Leader's rights in the Properry. I.e��s actions may •�: -:•
<br /> • : ; inctude Qaying any sums secured by a lien which has priority over this Sesurity Instrument. appearing in wurt. paying - ��`�=_
<br />::?.;,� � reasonable a:^.omeys'fees and entering on the Property to make repairs. Although Lender may take action under this patagraph - ---�-�; .-�
<br />�•:�?:+r; 7.Lender daes not have to do so. - •;��; '�
<br /> � Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this - ";_`� �
<br /> , . Securiry Instrument. Unless Borrower and i.ender agree to other terms of payment,these amounts shall bear interest froia the __ ,' `,
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon norice from Lender to Horrower requesting -F+����;:-,l � �=`-�`
<br />�'�" � payment. ;..°z�v�� ., ' '
<br /> 8.b:ar^,�age Insurance. tf Lender required mortgage insurance as a condi6on of making the loan secured by this Securiry _ "�•
<br /> instrument. Borrower shall pay the premiums required to maintnin::�e mortgage insurance in effect. If, for any reason. the -
<br /> • r..ortgage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the premiums required to
<br /> o�tain coverage substantially equivalent to the mortgage insurance p�eviously in effect,at a cost substantially equivaient to the �x
<br /> wst to �oraower of the mortgage insur.�.�se previously in effect, fr�=n an alternate mortsage irzsurer approved by Lender. lf �-�
<br />;:s;;,; substanti�i�v equivalent mortgage insurar_ce coverage is not available. Borrower shall pay to Ler:��each month a sum eq�:l to � - ����'` ' � �
<br /> :,,���{';, r
<br /> one-twelfth cf t�e yearly mortgage insurance premiam being paid by 8onower when the insuran�caverage lapsed or cea�to --� �-�''�"
<br /> '.r .-.-a.�:�t—'�:.�r-�;::
<br /> b�in effect. ,L.ender will apxpt,use and retain these payments as a loss reserve in iieu af mortgage insurance. Loss reserve �:4;,.•., :- ��.�.4:,,,:W.::.,...
<br /> . _ _.-,.:,�;�r=��
<br /> , Form 3028 9:9U ��.��, . �
<br /> - • . Papo 3 0!e ,.:+i — — _
<br /> .. ��—.
<br /> .:. : • �—r-�i.�� ..� �'
<br /> , � �.'f'.rt::{�v.�-i5;; ,,,.- .
<br />. „",� :t•�'f..^+�F.r::.�,
<br /> . . ��; .. � ,. . .`p ' � `�� . • • . . _ r�..
<br /> �._ •�� , . . . . . . .i.;' • ' " . ' " ' , '--• :' �� �'
<br /> 1:i ' - - - . . ' ., . _ . . . " � • _ � . o:` � - ' . . . . ' 1:- �.
<br /> `.q�� . . � . . . • � - . ' . . . . . . . . �''tr' . . . • .... ' . ' '�-.r. .
<br />- ...� � • . � . . . ' . ' .. . . . . . _ . ' .. ' . • . . ._w�
<br /> .�, . ., . . . _ • . . . _ � � .. . .. [•�--.
<br /> ' �t �}:• •_ ' � ' , '� ' • �. � . . , . . . .. . . . . , ' 1 ' ' � ;..(.�r'..` . �� �.�
<br />. . . . . . , • , ' ' - , - , . - - . . . � - . � _..
<br /> _ . . • .. .._ . . . . � . ' ' .. ' . ' . . ' - - • ' ��...
<br /> �. .
<br /> .� . . • '- . . . . . . .
<br /> . .. . .
<br /> . . • .
<br /> . .
<br /> . \ ' - ... _ '. . . . . . . - ' � ' � .
<br /> . , . .. . . . , ' . .
<br /> . . . .
<br /> . . � .
<br /> . . .. -. ' . '. � .. _ . . . .
<br /> , . . • .. � . • .. . -- ... . .
<br /> '
<br /> �,-.
<br /> . . • ' _ _"'__._.�..,...- -.__,_...._�._.�..._..,.__..-....:�.__......_...... ..... . '_'__" "'_':' _
<br /> .
<br /> .�
<br /> .__ ' . _.�. , � . "" _"_ . � ; .. - . �� . ' _ ' ' . • . ' .. . . ' - . • . � . . . •t
<br /> . . :S ,. - . .. ;�' . _ _ : , .
<br /> .. . . . .... - • • . � ' �.. .. . .. n . , -` . .'t;�� �'' ._ - -� _ � . . � � ' ... ...�.. . . . . . . r _ � • . � � ..
<br />
|