|
� �F_�-...2v:� . . , ..— ,i.��e•�.- - `� �t� - _- E� `.xe� -•�.
<br /> , - . .
<br /> " T '
<br /> --r----r— . ..- - . -- - - - - �
<br /> • q , �_
<br /> M1 _ � _ _ r , � `
<br /> . c ..
<br /> .
<br /> � .. . " � . . , .�. '°:� . • � ._ r . - `( . �� (.. .<. ' . -` . ��F' ,'!t � y t ' ' - .
<br /> �' . tL � '_,� � .. . . - . � . ,_ . � , �� ._ ... c: r >.. • . . �
<br /> - � � _ .� � . - ° - • . . �. `.o. . 4. . .. ' , ' - . . E. . '_ �� � ` , ..
<br /> .. . �. �v- - .4� . � `k,.� ,�: .. 't. -
<br /> . . . ` < . i'f .` c. 4. .. . , , � .r .. .t`. .. c c S` 5 . � .
<br /> k _ �F'. ` � • , . c .t. .�� . `. , � - ,*` . � . , c F� . `, u _ <
<br /> , . , � � -G- . (�. � .. ` �� f .�' . . ' � ` . ,a � ' . Nt-.. `,k:_._-__� •>` .1 4 c � �`i , �I : -- ' . �
<br /> ' � � , ,r: •-'°- - - �...�..... ��.�.__�,_�._�� A'� ° ���r - � y �_. . .
<br /> '< C ` i.
<br /> . . . ..Cl . � . �u
<br /> . .` ' . ` 5. �rd or Property [asusauce. Borrower sha11 keep the impmvements now existing or hereafter erected on the ,;. �• , .
<br /> Properry inswed against loss by ftre, halards included within the term"extended coverage' and any other hazards,including� `.ti`� ,. ; : �f .
<br /> .. ` , � ftoods or floodin�,for which Leader requires insurance. This insurance shal!be maintained in the amounts and for thc periads� ,'� �` � ., , -
<br /> , that Lender requires. The insurance carrier providing the insurance shali 6e chosen by B orrower su bject to L en der's approv a l ! i<, < � . , �
<br /> •. ' : wMch shall not be unreasonably�vithhetd. If Boaower fails to maintain coverage described abovr. L.ender may. at Lenaer's <i ; ` �:;^K
<br /> ����`"'4 option,obtain coverage to protect Lender's righu in the Propeny in accordance with paragraph T. � • ` �� •
<br /> ���. : All insurance policies and renewals shall be acceptable to Lender and shail inctude a standar�d mortgage ctause. Lend�9 ` "'� -��`-
<br /> • � • shatl have the righi to hold the policies and renewals. If Lender requires.Borrower shall promptfy give to l.ender all receipis� •� '��` � , `
<br /> � � ,.
<br /> , < paid gremiums and renewa!norices.In the event of loss.Burrower shall give prompt notice to the insurance rarrier and Lend� � •�, � � " ?°,
<br /> ' � • lxnder may make proof of loss if not made prompdy by Borrower. :. , ` . •
<br /> . �� � . , s � Unless Lender and Horrower otherwise agree in writing,insurance proceeds shail be applied to restorarion or repair of ti� -
<br /> � .. property damaged,if the restoration or repair is economirally feasible and Lender s security is not lessened.If the restoration or �=�• ������ � - .'.
<br /> �. ''.�-`�._�
<br /> ,• � repair is not economically feasi6le or Lender s security woutd be lessened,the insurance praceeds shall be applied to the sums , �'tiv•:r�=
<br /> , • secured by this Security Inswment. whether or not then due, with any excess paid to Borrower. If Borrower abandons the }':° �:��
<br /> Properiy.or does not answer within 30 days a notice from Lender that the insurance carrier has offered to setde a daim, then _ .;. _�
<br /> - Lender may collect the insurance praceeds. Lender may use the proceeds to repair or restore the Property or to pay sums '<��5=__-
<br /> �`:�` . ;; secured by this Securiry Instrument,whether or not then due.The 30-day period wiU begin when ihe nodce is given. _
<br /> �}�:;; . . • Unless l.ender and Berr�wer othenr•ue agree in ariting, any application of praceeds to principal shall not extend or - � —
<br /> - postpone tL7�d�,tlate of zhe snonthly pa}ments referred to in paragaphs 1 and 2 or change the amount of the payments. Lf ' —.
<br /> .'•4 �,.w���
<br /> i � . �-� r�% ' under paraaa ap'�21 the Property is acquir�d by Lender. Borrower's sight to any in�urance policies and proceeds resulting from � �, s :.._-_
<br /> ,4, ,:: . ara , ,i, r 1,��R• -
<br /> ,� ; °'' , �'� : damage to the Property priorto the acqus`s*_�on shalt pass to Lender fa t he ex[ent o f t he sums secu r z d by t h is S e c u ri t y I t�s u u m e n t
<br /> �� ,_`• ' � ' �nmediately prior to the acquisition. i � ` �-
<br />- - .. -�• � 6.Occvpaacy,Pceservation.Matatenance and P+ratection af the Property;Borrawer's Loan Applic�ation;I.easeholds. '. • �-_
<br /> _ � • � Borrowet shall occupy.establish,and use the Property as Borrower's principa!residence within sixty days after the execution of '���:
<br /> .,, r; .h� _
<br />, this Security Insuument and shall continue to occupy the Property as Borrower's principal residence for at least one year after ;`:►«�'"_;.��`
<br /> � the date of occupancy,unless Lender othenvise agrees in wriring. whicfi conseut shall not be unreasanably withheld or unless ' ' � �:
<br /> •....� ��:•_.
<br /> ,�", ,. _ " : extenuating circumstances exist which are beyond $orrawer's control. Borrower shall not destroy, damage or impair the . __-_ _
<br /> � � Propecty. allow the Property to deteriorate, or commit waste an the Prapeny. Bacrower shall be in default if any forfeiture � 'r:'°*�=
<br /> �. � ' action or pmceeding.whether civil or criminal.is begun that in Lender's good faith jadgment could result in forfeitnre of the '"°"°"
<br />_ � ' ." Property or otherwise materially impair the lien c�eated by this Security[nnrument or Lender's security interest. Bc�trower may . "'°"
<br /> " cure xuch a default and reinstate,ati provided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling , ,} '. ��
<br /> � • ' that. in lxndefs gaod faith determination, prccludcs farfeiturc ��f the Borcawer's interc,t in the Praperty or other material • � ''"" "-
<br /> . impairment of the lien created by this Sceurity Instrument c►r Lender'+securi[y interes�t. Bonower shall also be in default if � -."�
<br /> . Bonower,during the laan application procesti,gave materially fal�e or inaccurate informatian or statements to Lender(or failed . ..��?
<br /> ' �' � �� ta pro�ide Lender with any material infartnation►in connection with the lo�n evidence�by the Note, including,but nat limited ,. �,=�"'•:�-
<br /> • • , � to. representacions ronceming Borruwer'ti occupancy af the Property a5 a principal residence. If this Security Instrument is on a •� • �`•,� -�-
<br /> • leasehold. Borrower shall comply with aU the pmvitiioa�: of thc lease. If Borrower acquires fee title to the Property, the �'��'•~";
<br /> _ � leasehald and the fee title shall not merge unless Lender agrees w the merger in writing. ` �,,�"�
<br /> . �' 7.Protectton of Lender's Rights in the Pmperty.If Barrower fails ta perform the covenants and agreements contained in �� -.. _
<br /> � this Secarity{nstrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property(sach as a � •• __._..
<br />_ � praceeding in bankruptcy,probate. for wndemnation or forfeiture or ta enforce laws or regulations),then Lender may do and • ,�_
<br /> ;� ' pay for whatever is necessary to protect the value of the Property and t.ender's rights in the Property. l.ender's actions may . � . 3-
<br /> • � � inciude paying any sums secured by a lien which has priority ovcr this Security Instrument, appear}ng in couct. paying -�y-===-__
<br /> . � . , reasanable attomeys'fees and cntering on the Praperty ta make rcpairs. Although l.ender mny take action under this paragraph .� . •�• ��,
<br /> 7.L.ender daes not have to do so, ' '� �
<br /> • Any amounts dicbur.sed by Lender under ihis paragraph 7 shall became additional debt of Borrower secared by this ' � '��': �
<br /> R°� ' ' , Sec:�riry Instrument. Unless Borrawer and Lendcr agrce to otl�er terms of payment,these amoun�c shall bear intcrest from the � '
<br /> �, � date of disbursement at the Notc rate and shali be payable, with interctit. upan notice from Lender to Borrower requesting ;: :
<br /> . F . � " payment. . . .. .
<br /> 8.Alortga�e lnsurance. If Lender ret{uirul mortgage insurance as a condition of making the loan secured by this Security ' . .
<br /> • . Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. li', for any reason, the ' ' � ;
<br /> martgage insurance coverage required by Lender lapties or cea.ces tn be in effect.Borrower shall pay the premiums required ta , :
<br /> '".« . obtain enverage substantially equivalent to the mongage insurartce previously in effect, at a cast rubstantially equivalent tv the .
<br /> .. ' • � co�t to Bc�rrawer af the mort�age insurance previously in effect, from an altemate mongage insurer approved by Lender. IP , � � .'
<br /> � subst:uitially eyuivalent mortgage in5urance covcrage is not available. Borrower�hall pay to L.ender each month a sum eyual to • "
<br /> onc-twelfth nf the yearly martgage insurance prcmium bcing paiJ by Borruwer when the insurAnce rnverage lapsed or a:ased to �
<br /> . � " . ' _ bc in effect. Lender will accepl.u�e and retain these payments a�: a lors reserve in lieu ��f mortgage insurance. l.oss reserve .
<br /> .{;... . . � � , .
<br />, form 3028 9190 ,
<br />- �. �•ago 3 of G .. .
<br /> .. • .
<br />- a:.. ' .. . �--..._... . ._ .._..__.--_—.-_.—'-_"... ..�___ .. ,..�- ...�- _...-. -----••r._._..... -'c-�-. . • ".
<br /> - -='. . . . � . .. _ . . _
<br /> -� ---- --_'_.- . . . ' _ . ..----. �� - .. - � - _. .-. — . ._._._—..
<br /> ,. . . . _ . .._ .. . . . . :- � -- - ,._., _.. ._.._ �._.. ..,_..,,. ._,..._, . __.. . . .
<br /> y, � ' . . . . . , ' _ . - . . .
<br /> , . . � . , . . �. � .
<br /> � ` . � I ' � .. • . . � . . � .��� _ - --�-
<br /> . •
<br /> . , _
<br /> .
<br /> . .
<br /> . . .�� � • � . . . .
<br /> � . +
<br />-. � ;. _ . . .. .. ,,• . - -- . _ ''� • ' ._ . .. . _.__,_.._. �.___� �. �.Y._._._._.i. . . . . ..._.... --
<br /> . �, :
<br /> . . � � , . �
<br /> . „
<br /> � �
<br /> . . . . . . . . • � ,
<br /> �.- •.
<br />
|