|
r
<br /> ' ^ , __�...�e.'��-,.,,.i..'..
<br /> h. � �� . . . .... .. - ... . . -:r.— -
<br /> .. . ° �:'.�•'}.�CSII�iQ.1-_.
<br /> 1 J, . v, . � .. . , -__-'_ .
<br /> .ry1/'^� .. �''�tr.. . � . .• " ,i . �'A`-a�y,._—_—�•�-_ -.
<br /> . .� . - . 'T'"�.�y._
<br /> � ...��,.. . .. :. .... .e Y4+.--Y.+� _ . _. • _.. . . „ .
<br /> : :r� . . • . .,, ..t 'T. ,.. . , . _�=},' __,
<br /> . .... y.c .. • .. _ _ � . � , 1 ,.n�:,rF r�.;:[�=.:..-
<br /> � .i�
<br /> • � ` . _. _ ..1�2.�]lY:,.K —
<br /> 1 � . .. ,,.. .. �• ,. -- _ . . _-
<br /> 'J;". '�... _- �_ �'��`_'-„ _ —
<br /> ,.. __..
<br /> ., . � _.... _
<br /> � : - . ..�...� --
<br /> � ,..t....y.h�r�'h���+r��..�,;:,�v.i��.�.ti,�fp.y�4+Nawi�w��yf,rWrn.'�!f+}...� . _, . . „ . .. , __:��'.:
<br /> . . � . � . . � �.
<br /> r —
<br /> • ,• S. Har.urd or Prc�perty Insurance. Bnr��wcr shull kccp thc improvemcnts now existing nn c�rcuRcr crccted on thc
<br />. �• , �°.• Property insurcd aguinst lass by firc, huxurds includcd within thc tcrm "extendcd covcragc" and nny othcr huu►rds, including
<br /> fluuds ur flnoding, for which Lendcr requires insuruncc. This insurancc shull bc muintuined in thc amounts and for thc periods
<br /> thut l.ender requires. The insurunee carrier providing the insurance �hull br clwsen by Durruw�r subjcct tu L�:ndcr's approval �
<br /> .:"'��� which shull not be unreasonnbly withheld. If Bonower fails to muintain coveruge describcd ubove, Lcnder muy, st Lcnder's�
<br /> � option,obtnin covcr.�gc to protcct I.cnder's rights in thc Pro{'arty in accordance with paragruph 7. �
<br /> AU insurance policies and renewals shull be ucceptable to I.ender and shnll include n stundard martguge clause. Lender t.i
<br /> � shall havc the right ta I�old thc policies and renewals. If Lender requires, Banower shall promptly give to I.cnder ull receipts of��
<br /> � paid premiums and renewal notices.In the evcnt of loss,Borrowcr shall give prompt noticc to the insurance carricr and Lender.�
<br /> ? I.ender may make proof of loss if not made ptomptly by Barrawer. y
<br /> �' Unless Lender and Barrower othenvise agree in writing, insurance proceeds shaU be applied to restoration or repair of th
<br /> � Pro ert damuged, if the restoration or repair is economically feusible and Lender's security is not Iessened.If the restoration o� _
<br /> P Y
<br />' �' repair is not economically feasible ar Lender's security would be lessened,the msurance proceeds shall be applied to the sums
<br /> , secured by this Security Instrument, whether or no4 tlien due, with uny excess paid to Bottower, If Borrower abandons the
<br /> '3 � Proper[y, or does not answer within 30 days a notice from Lender that the insurance carrier has otfered tu settle a claim, then
<br /> Lender may cnllect thc insurance proceeds. Lender may use the proceeds to repair or restore thc Property or to pay sums
<br /> ' secured by this Security Instrument,whether or not thcn due.The 30-day period will begin when thc nutice is�iven. _
<br /> Unless I.cnder and Borrower otherwise agree in writing, any application of proceeds to principal shatl not extend or
<br /> postpone the due date of the munthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If s-.
<br /> . ' under paragraph 21 the Property is acquireci by Lender, Borrower's right ro any insurunce palicies and proceeds resulting from _
<br /> w_ dnmage to the Praperty prior to the acquisition shall pass to I.ender to the extent of the sums secured by this Security Instrument _
<br /> • � immediately prior to the acquisition.
<br /> ... , ,f; 6.Occupuncy,Preservation, Ma[ntenance and Protection of the Property; Borrower's I.aan Appllcntton; Leaseholds. -
<br /> � Borrower shull occupy,establish,and usc thc Property as Borrower's principal residencc within sizty dnys after the execution of
<br /> ° ' ... , this Securiry Instrument and shall cantinue to occupy the Property as Bonower's principal residence for ut least one year after
<br /> +` the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless
<br /> extenuatine circumstances exist which are beyond Borrower's control. Borrower shall not destroy, dumage or impai� the
<br /> ` '���� Property, allaw the Property to deteriorate, or commit waste on the Property. Borrower shali be in detauu tf any forieiture
<br />��_�•• � action ar procceding, whether civil or criminal, is begun that in L.ender's good faith jud�ment could result in forfeiture of the
<br /> :,„� Property or otherwise materially impair thc licn created by this Se�urity Instrument or Lender's sccurity intcrest. Borrower may
<br /> zV+-r J'�",,��• cure such a defuult and reinsts�te,as provided in paragraph I8,by causin�the action or proceeding to be dismissed with a ruling
<br /> � ,, that, in Lender's good faith determination, precludcs forfciturc of the Borrower's intcrest in thc Propeny or other material
<br />'" • impairment of the lien crcated by this Securiry Instrumcnt ur Lender's security intcrest. Borrower shall slso be i�default if
<br />"'�''�'Y'^''^ � Borrower,during thc loun application process,gave muterially falsc or inaccurute information or statemcnts to i.ender(or failed
<br />''' '' '" to provide[.ender with any materi.il informution)in connection with the loan evidenced by the Nate, including,but not limiteci
<br />.,.,.., . .
<br /> �. :. to,represcntations concerning Borrower's accupanry of the Property us a principal residtnca If thi.r• Securiry Instrument is an u
<br />�,., .. .
<br />�:, . , •��.•' Ieatiehold, Borrower shull comply with u�l the provisions uf the Iease. [i' Borrower ucquires fee tlUe to the Property, t e
<br />''��`'°' "" ' le:�schold and the fee title shall not mcrgc unless Lendcr agrees to the mergcr in writing.
<br />�;�.°+Rt r. T 7.ProtecNon uf Lender's Righ�s In the Property.if Borrower fuifs to perform the covennrns und a�reements contained in
<br />-v-'"^"•� ���;� this Securiry Instrument, or there is� Iegul proceceiing thut muy significantly uffect Lender's rights in the Pmperty (such us a
<br />~�-''-`'`�+� � �° pracee:din�in bankruptcy.probate,for condemnation or forfeiture or to entotee luws or regulations),then l.ender may do and
<br />'; �`-�� pay for whatever is necessary to protect the value nf the Property and Lender's rights in the Property. l.ender's actions may
<br />_ � include pnying any sums secured by a licn which has priority over this Security Instrument, uppearin� in court, paying
<br />'�•- " rcasonable attorncys' fces and entering on thc Property to mukc repairs. Althnugh Lcnder may take action undcr this paragraph
<br /> �!�'. r
<br />_ ��, ; . 7, Lendcr does not have w da so.
<br /> Any umuunts disbw•sed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />_ - ,�- � ' Securiry [nstrumcnt. Unless Borrowcr and Lcndcr agrec to othcr terms of paymcnt,these amounts shul! beur interest from the
<br /> . �; dutc of disburscmcnt at thc Nute ratc and shall bc payablc, with interc.et, upon notice from Lcnder ta Borrower requcsting
<br />-• � '�" paymcnt.
<br /> �1 S. Mortguge Insurance.If L.endcr required mortgage insurance as a condition of making the loan secured by this Security
<br /> ��� instrumcnt, Borcower shall pay the prcmiums rcquircd to muintain the mortgage insurance in effect. If, for any reason, the
<br /> mortgagc insuranre cove.ragc reyuired by Lcnder lapscs or ccases to bc in cffcct, Borrowcr shaU pay the premiums required to
<br /> Jf obtuin r.overagc substantially cyuivalent ta the mortga�c insurance prcviously in cffect, at u cost substantially eyuivalent to the
<br /> � cost to Borrowcr of the mortgagc insurancc previously in effect, from an sltematc murtgagc insurcr approvai by L.cndcr. If
<br /> rubstantially equivalent miirtgagc insurance roverage is nM avuilable,Borcower shall pay to I.ender each month a sum equnl to
<br /> � onc-t�vclfth ot thc ycarly mortgagc insurancc prcmium bcing paid ny Bixrowcr whcn thc insurancc rcrvcragc lapsed or ccascAi to ,
<br /> be in effcct. I.ender will accept, use and rctain these payments xs a loss reserve in lieu uf mortgage insurance. Loss reserve
<br /> Form 3028 9/90
<br /> Poqu 3 ot G
<br /> . .._—. '."'c
<br /> � .. . . .. . . .... .. .........�
<br /> . __._. __._.. _.._. _ ._. _ ._ .. _ _....
<br /> �.1. . . __... .
<br />
|