|
. . . . , :r
<br /> . `� �
<br /> , __. ;..-:.
<br /> . , • . :. r:
<br /> � . . . � ,:-
<br /> . � .. . : .. . ,
<br /> . 9�— io��i6 � . � , �
<br /> S.Hazard or PropertY Insurnnce. Borrower shall keep the imgrovements n�w existing or h�reafter crected on the P�operty ` ' :� .
<br /> toss b fue,hazards includsd within the te�m"extended coverage" and any other dazards.includu►g f!°°ds or I �
<br /> insured againss Y F '
<br /> ' floading,for w6ich Lender requires insurance.'Itiis insurance shali be maintained in the amaunts and for throperiods c�shall not � � .� � ..---
<br /> requires.The insurance cazrier providing the insurance shall be chosen by Borrower subject to L.ender's app f
<br /> -, be un�aconably withheld. If Borrower fails to maintain covecage described above.L,euder may, at Lender's opaon, abtain �_. . �
<br /> in accordance wilh paragraPh 7. � `'-_
<br /> caverdge to pmtecc Leuder's rights in the Fropert5+� f
<br /> Ail iasurance policies and reaewaLs shall be accePtable to Lendr.r and st�all include a standaz�to Leader all recep�O P� i ,
<br /> have the rigin to hold the policies and renewals.If L.ender requires,Borrow� o����e Y�����d L.ender.Lender f . . "
<br /> � premiums and renewal no�ces.In the event of loss.Borrower shall gi e pro P r` -. ,-�
<br /> � may make proof of toss if not made prompdy by Bonowe,r• ���pli����on or repair of 1he ( � •
<br /> � Ualess Lea�des and Borrow�otherwise agree in wti�r�B•�ns��F� • � ;
<br /> • p�y�maged.if the reswr�lioa or repair is economie�l�y f�le and Lender's security is not lessened.If the reswration or � . ` . .
<br /> . repair is not economically feasbte or L.eader's securiiy would be lessened,die insuiance pme�eds shall be applie�to the siuns ' . ,� ?�;u
<br /> . sesuced b this Security Ins�usnent, whether o� not then due. witb any eaccess paid to Botrower. If Borrower abandons the � • �
<br /> y . -
<br /> pcoperty,ar does noi aaswea within 30 days a aotice from Lend�r that the insuiance carriea has offered��y swns secured t �-''`t-_� ..�
<br /> Lender may collecx the insutance proceeds.I.ender may use ths prviceeds to repau or restore the PropertY .
<br /> by this Sa:uriry Ins�°ent,arhether or not then due.The 30�day Period will begin whea the notice is given. ,. , ., . •
<br /> � U a l e s s I,ea�and Bortower oatceawise agce��n wnu°B•�Y aPP�on of proceeds to principal s6ai1 aot extend or postpone 4 . . •. _�'
<br /> � d►e due da�aS sGre mond�lY PaYmeats referred to in paragraPhs 1 and 2 or chat►ge she amount o f t he�ay�nen u.If under p a r a g r a F� , . �. �';_. -.
<br /> . resniting from damaga to t�z � ��
<br /> ' 21 the Pro�rty is acquind by L�da,Borrowa s right W any insurance policies and proce�ds ' . . ""w- `
<br /> pzQpe�ty prior to the a s quisition shaU pass tn Lender w the extent of the sums se�ured by this Securiry[nsa�umeat immediao��y _ r�. ,�
<br /> ��`. �r��_" -
<br /> . :. prior tn the acquisition. Borrower's Lu� Applic�s��;Leasehotds. . ` `�`�;,:,.°` -
<br /> �: .R 6.Occa pancy,Preseri'attun,Nlaintenance and Frotedian of We ProAe*tY; .�;: ..�`'=�
<br /> .. ,
<br /> . : BoTmwer st�all oocuPY.�ab�h•�d�se the Property as Borrowes's prin c i p a l r e s i d e n c e w i t h i n s i��da ys after the execution of ' ',•.;.;;^ ,j. _
<br /> ll residence far at least vne year after the . : r.tr-;� J/f, .
<br /> � this Sec�rity Inswmeat and shail continue to occupY 1he Propecty as Bo�mwer's prineipal •�'
<br /> � in writin which consent shall not be unreaEOnably wi��h�ld, or unless :•<, . ���;r . ; � t=
<br /> • date of occapancY. unless I.ea�der otherwise agrees 8, � e or ic��ir the Propecty, ;,...�� ' .� • � � -
<br /> .::i:�,, .
<br /> extenuatin8 circumstances exist ahich are beyond Barmwer's control.Boirowea shsill�t destroy da�nag -
<br /> altow the Prn,-�iY tn deterioratc, or com.�it waste on the Propeaty. Borrower s:�a�9 L`az in defauli if any forfeitiue action or ��° �� .,.. A �.
<br /> ��'t��-. praccediu8.���r civ7 or crimina1.is b�vn that in Leader's good faith jud�cent could result in forfeiuue of the PrapertY ur ' �.�� � ,
<br /> . otherwise mz:��IIY in►Pair the lien created by this Security Insuument or Lender's se�urity inteaest Borrowea may cure s�ch a � f�• ,� ::
<br /> • d e f a v l t an d r e�,a s P�v a t 1 e d in p a r a B r a Ph 18,by cavsing the action or procee�ing to be dismissed with a ruLng that, u► . .z " �� • �
<br /> I.ende�'s gon:i faitli deie�m�aton,prcclades forfeitiue of che Bozrower's interesc in t fie P r o P e rt Y or o t h e r m a t e r;�l i m p a i rn►e n i o f ' __
<br /> � ��a ,R by tLis SeauitY I n suumeut or I.cndea's sacurity interes�B°��ents to Lead(o�ed to P�vi3e Leader with ...-- . :i :. �/ � -..
<br /> loan applic�tion process.Bave mat�riallY fatse or inaccurate infoimatio --� _
<br /> . any material infom�arion) in connection with the loan evidenced by the Notc, inctuding, but not limited to, rePreseatations .':^. s�
<br /> m ari ' �.:�_._�
<br /> = conce�nin8 Borrower's accupanci+of We Property as a principal resideace.If this Seciuity Insuument is on a lea�:�old,Brnrower ,.�_�. . .� _.,r�..�< •
<br /> shaall cmnply with all the pmvisions of the lease.If Hoirowu ac4�ir�fee ntle to the�aperty,the lease6�old and she fe�tide shall � ` �,-:i;•
<br /> • u -���,�. . y71�. .,
<br /> not merge untesq l,ender a�e�s to the mergea in writing. '.�fiti- . '� " � �
<br /> � "` 7.Protect9an o!I.ender's Rtghts 3n t+hP ProperiY. If Borrower fails tn perform the cavenanis and agreements contained in . . ... _'5��,_---
<br /> ' �t this Securiry Il�umenL or there is a le g a]P s o c e e d i n$ d�a t m a Y s i g n i fi c a n d y a f f e c t I.endea's ri g hts in the Property (suc6 as a „.. _ -:;_�
<br /> . •j Pmceedm8 in�vPicY,Plobate,for condemnation or forfeiwre or w eoforce�ws or regulations),the�►Lendea may do and p�+ : :,,���, ..�;..,.,�`:
<br /> I.euder's ac�i�.-�s may include . �`�� '
<br /> � for whatever is n�Y�P��thc value of the AopertY and Leuder's rights ia a.'`a Propeny. •_�j,;_ � -_- -
<br /> 'i PayinB anY sw�s se�ured by a lien wbich has priority ovea this Se�urity Insavs�t aPP�B � wurt. �:�•�.-S reasonable -.
<br /> ��F.— .`__.
<br /> h 7,Lender �• ;.:�.�. •. -
<br /> ° �; auomeys'fees and ent�g on the Propeaty to make repairs.Although Lender may take acdon�der thig p��aP .� : - -
<br /> ��
<br /> •� < does not dave to dfl so. "R°,��
<br />' 1 Any amounts disbursed by Lender under ihis parag�aph 7 shaU become additional debt of��awer secure�by this Se�ty
<br /> 8 8P �:-
<br /> � ' Insuument UNess Borros�er and Lender agree co other terms of payment,these a.�ounu shall bear interest from the date of
<br /> . � •r �,
<br /> . � � disb�usement ai the Note r�and shall be payable,with interest.upon notice from Len�et to Boaower rce�uestia$PaYmen� {`.. .. _
<br /> 8.Mor�age Insurance. If Lendea s�quired mortgage insurance a5 a condition of making t��toan secured by ihis Security I
<br /> Insuumebt, �amnwer shall pay tha premiums required w maintain the mortgage inswance in e3fecL If. for any reason. the �:-
<br /> . mortgage ins�arance cov�ge cequired by Lender lapses or ceases to be in effect,Boaower shaU pay the premiums requireal� .� —
<br /> � obtain coveaage snbstanta]YY equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the
<br /> � cost to Boaower of the rnortgage insuiance previously in effect,from an altsmz�mortgage insurer approved by Lender. If � �
<br /> substantiaUy e9uivalent mortgage insuiance coverage is not availabte.Borrower shall pay to L�nder each mor,th a sum equal to ( �.'
<br /> I �_.
<br /> on�taveffth of the yearly mortgage insstiiance Pre�nium i�eing Paid by Borrower when the insurance coveia8e laP�or ceased tn .
<br /> . be in eNect. Lender will accept, use and mtain these payments as a loss reserve in lieu of m�rcgage insuranee.1-ass reserve I . • :-
<br /> Fcrm 3028 9/90 f � • � . —
<br /> Pape 3 0l 8 imttals: _ -.
<br /> �-OR(W�ytea�z�.o, :. Z: • , �
<br /> ; g �'
<br /> � •
<br /> , . . �
<br /> ' • . . , �-
<br /> . . . ' � �::'.
<br /> . • . �.
<br /> � � . ' ' ��
<br /> � i� . . � -`r��..
<br /> ..._...:__�_ �. . . �. . . ' . . '' ' ' � , • . • .
<br /> . - . _. . .. - , . . . .
<br /> . . . • . •• •♦ ' t .+ . .. � . .• " 1' + � ,• • � , •,. �3'+ � ��� '��• • ' t
<br /> . . . � .
<br /> �. . .�. . . �� .. -. - . •
<br /> . ,
<br /> � . ..
<br /> .•
<br /> .; . . _ _' . ' .�.`. . , , .. , � , , .. .. � � ' . � � '-ti.
<br />
|