|
.. + ; , . ;.. 7i,.�its` ... _, . . . e. �;. . �v ar t r:�* _
<br /> " ,_. " .- f-_.E1_L"_ � ,.' _ 'A�....." . •�.�.' .. '... � � ,4_ ..." ....c___._.. ..-=',. ' � G .; .n- "f�iY:._:�1' S_ ?- - -
<br /> � .— � � . • ti .r r - ._ �c - :.t --f���!}� _ _
<br /> < , ..i.-'dF �S t' •c � `�� . � �." K4r ` ca j a � t_ C ' i��> >
<br /> . ..�.��. _ - _...�. .t �4 £4 . • !'F . zS . , . '. . � � 1 S� ?r j� _4
<br /> 4 d c,� f �` : t e. ,c r k' R
<br /> ,<4T-�.�i . " c-_c � `�- .. ' i ...� ,�_• , =t ._ .
<br /> 'p ' ' y� • . . _ . ' .. . F' F 2� . ,
<br /> y ` _ •. �� - �'-.� . . " . . `� .� 4.Y i.t``t_ � . . 3 �`,Y4 -. � • .
<br /> : .
<br /> c . �.�- ..c . ,� C 5' ._ . . c . . - . _ � ♦.
<br /> , ;Q � _ . Y. . . }'���'• . .'.� �.t. � r ci �� � �. � ',� .
<br /> .,` ( '� J Q
<br />.. ��r � . , ' `ic_-
<br /> - __ 4.' <t ..
<br /> ; ,� 5. Ha7ard or Property Ins�a�ce. Bomnwer shall keep the impmvements now existing or hereafter erected on the �
<br /> � �. , ° P►vperty insured against loss isy fine. haiards included within the term "exteuded coverage'and any other hazards. includin$ ` t
<br /> - • . tloods or tlooding,for whic6 I.ender requires inswance.This insurance shaA be maiwained in the amflunts und fnr the periods� _
<br /> + � tbat Lender requires.The insurance carrier providing the insurance s6a11 be chosen by 8orrower su bje�K to L en der's approv n 1 a D �-
<br /> �•, ? � wlucb shall not be unreasomably withheld. If Borrower fails w maintain ooverage dacribed abave. I.ender may, at Lender's � ,t�, .:', '�
<br /> < ��'r'�,' optic►n.obtain coverage to protect Lender's rights in the Property in ascordance with paragraph 7. �
<br /> _ . . : ,.-�.�,,_.�. :__
<br /> ° � All insurance policies and reaewals shall be aceeptable to [xnder and shail include a standard mortgage clause. Lender� 't' ` _
<br /> ' �� shall have the ri t to hold the ucies and mne�vals.If Lender uires. Borr�wer shall rom tl ve to Lender all recei u of�
<br /> `,# P� P�� � �4 P P Y 8� P �
<br /> ` ` paid premiwns and renewal notices.in the event of loss.Borrower shall give prompt notice ro the insurance carrier and i.end�►.� �"`-
<br /> • � Lender may make praof of loss if not made prompdy by Borrower. � �
<br /> , .' ` , '.- '� Unless Lender and Borrower otherwise agree in writing.insurance proceeds shall be applied to restoration or repair of the� � �
<br /> <,. :-�};?-
<br /> ' Property damaged,if the restoration or re,pair is economically feasible and Lender s security is not tesseaed.If the restoration ar � . �� i -__
<br /> - - • - repair is noi economically feas�ble or I.wder's secvrity would be lesseaed.the insurance pmceeds shall be applied to t6e sums `'. � `;:�'�
<br /> `,�:'.` .. �, � `' secuied�y this Securiry I�rnv***pn whether or not then dne. with any excess paid to Borrower. !f Borrower abandons the • �:�;:�
<br /> � . ' . .l'. • .Fa'��-__.
<br /> '; ,+.;, • . _ Property, or does nnt answer witbin 30 days a notice from Lender t6at the insurance carrier has offered to setde a clu�m.then .__,_,.
<br /> . I.ender may collect the insurance proceeds. Lender may use the pmceeds to repair or r�estare the Property or[o pay sums : ,�.��,`'
<br /> � ` � . secured by this Securiry Inst�ument,whether or not then dae.The 30-day Period wiU begin when the notice is given. ' __ __
<br /> .�;�.; � Unless Lender and Borrower otherwise agree in writmg. any applirat'son of proceeds to principal shalt not e�tend or ' � ' '- --
<br /> - ' - postpone the due date of the monttily payinents referred to in paragraphs 1 and 2 or change the amwnt of the payments. If � `� �
<br /> ' , under paragraph 21 the Property is acquited by Lender,Bortawer's right to any insurance poiicies and praceeds resultiag from ; _ ��
<br /> �: -� damase to the Property prior to the acqaisition shall pass to Ixnder w the extent of the sums secared by this Security Instrument . ; ',_ � - -
<br /> ` `"�� immediazely prior to the acquisition. • `. �:
<br /> ;�,��,'_ .: = :.:�.�:: •: ��.�:.".:::.... n_..�
<br /> � 6.Occupancy,Preservation,Maintenance and Protection o!t6e Property;Borra�we�s Loarr�lppftcatinn;l.easehotds. ��_
<br /> . ' � �i . Sorrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of < • •"`'��"�'''
<br /> ��" • this Security Instrument and shall continne ta occupy the Property as Borrower's principal residence for at least one year after � _ m==�
<br /> �t .°` ' �. �+ � the date of occupancy,unless Leader otherwise agree.s in writing,which wnsent shall not be unreasonably withheld. or unless • "
<br /> : „
<br /> . �. •�• � . ..
<br />; . • . .. , �..•�:-=
<br /> ._ . „ _. , extenuatiag circumstan�es exist which are beyond Borrower's conuol_ Boaower shall nut desuoy, damage or impair the =__,;�.
<br /> ' `- Property, ailow the Property to deteriorate, or cammit waste on the Property.Borrower shalt be in default If aay forfeiture . �� �4��
<br /> ,�,. :
<br /> ��.. .� ', action or groceeding.whether civil or criminal,is begun that in Lender's goad faith judgment couid resalt in forfeiture of the • _ _ -
<br /> �'• _ Property or athenrise materially impair the lien created by this Securiry InSUVment or LettdePs securiry interest.Bonower may . - --
<br /> 4�� " • can sach a default and reinstate,as provided in paragraph 18,by ca�sin�the action or proceeding to be dismissed with a rulin� `�.•: ' �
<br /> i••� ��-� • tha[, in Lender's gaad faith determination, prectudes forfeiture of the EorcowePs interest in the Property ar other material '""� � '��
<br /> �t.:,;' �` .. impairment of the lien c�eated by this Security Instrument or Lender's security interest. Borrower shall al�a be in defauit if � • . ;,�:,_
<br /> ; • Borcower,during the loan applipuon process,gave materially false or inaccurate infarmation or statement,s to Lender(or failed »�_�-
<br /> S� '�� �• to provide l.enderwith any material information)in connection with the loan evidenced by the Note.inclading.but not iimited ' �_
<br /> :_�
<br /> :� ' ` w,representatioru conceming Borrower s occupancy Af the Property as a principal residence.If this Security Instrusnent is on a '. `-„. .—
<br /> . �,, �_.
<br />��'� � � � �, leasehotd. Borrower shall c�mply with all the pmvisiuns of the tease. If Horrower acyuires fee title to the Property, the ?"'°"" �._
<br /> " � _ leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. _ �:�'�`
<br /> . . 7.PeoteetIoa of Lender's Rights in the Property.If Borrower fails to perform the covenanu and agreements contained in ,,. ,. ; . ,•, :�:
<br /> .. � this Security Instrument,or there is a legal proceeding that may significandy affert Lender's rights in the Property (such as a '� � __
<br />`r '' � • proceeding in bankruptcy,probatc,for condemnation or forfeiture or to enforce laws or regulations).then Lender may do and � -
<br /> ;= �.� '• . • pay for whatever is necessary to protect the value of the Praperty and Lender's righu in the Property. Lender's actions may . . -�
<br /> ��� • ' indude payins any sums secured by a lien which has prioriry over this Security Instrnment. appearing in caurt. paying • . ' _ _
<br /> ��- �••' � � reasonable attomeys'fees and entering on the Property to make repaira. Alihough Lender may take action under this paragraph - _- _
<br /> �'` '-.. - . 7.Lender does not have to do so. � u� • ' -
<br /> �:' ' . ', ' Any amounts disbursed by l.ender under this paragraph 7 shall beeome addidonal debt of Borrower secured by thjs : `; "_:�•�,
<br /> ��•.: ' � Securiry Instrument. Unless Borrower and Lender agree to ather terms af payment. �hese amounts shall bear interest from the i;; '� . '.;;r�:._.�
<br /> .. ' date of disbursement at the Note rate and shall be payable, with interest, upon notice from I.ender to Borrower requesting ,,, " r°"'-�--�
<br /> , . . , . payment. i .:'.. ' .
<br /> +,� � " 8.Mortp,sige Instua�tse.If l.ender rec{uired mortgage insurance as a wndition of making the loan secured by this Securiry • .
<br /> .` °�� �. Insmrment. Bonower sha11 pay the premiums required to maintain the mortgage insurunce in effect. lf, for any reason. the .. - -_�-_ -
<br /> f' ' ` ' � martgage insurance coverage required by Lender lapses or ceases to be in effect,Borrower shall pay the premiums required ro .- `� � ' •
<br /> '., • � . ' obtain coverage substantially equivalent to the mortgage insu;ance previously in effect.at a cost substantially equivalent to the . . .
<br /> � � cost to Bonower of the mortga�e insurance previously in effect. from an altemate mortgage insurer approved by l.ender. If ,'� . .
<br />.•.. =� � . substantially equivalent mortgage insurance wverage is not available.Bonower shall pay to Lender each month a sum equal to • .
<br /> � ' ' � one-twelfth of the yearly mortga�e insurance premium being paid by Borrower when the insurance coverage lapsed or ceused to
<br /> ., ; , ' be in effect.Lender wili accept, use and retain these paymen�s as a loss rescrve in lteu af mortgase insurance. l.oss reserve • � •
<br /> � �. Porm 3028 fl/90 .� . •
<br /> � - � Pa90 3 018 � .
<br /> - . , '� � . . _ . ,_ _. _.T.........-- . -- . - .. . � •: _ �1 . . . - . . -. -........._:.. _._..!� � . , .
<br /> e ' � - . . - � . . , . • ' . , . .
<br /> '�r'.. . � • , . , . _ . . . . . . . . - . . . , •, - . . .. . �-_
<br /> . . ' . . . _ ' . • _ . - . � . � . - � . ..
<br /> ,-• .. � . , . - . _ ' � � . � � . , � � . .
<br /> .
<br /> .
<br /> , . . . , � ..w�'��+.M.� �i� ':,'t '•a ��..� -
<br /> . ,
<br />. .�_ ....-o.-. . : , ._:_'; . . ,..,`.,_.. � • ..-, .r.,-.� �- = ._. _ ......._ . . _.--.:.r:�_ _ . .. .. .� __,_t.-. -, ,. . _, . t_ c,..��� ,_. -�t�_ . ..=4•' .. ,.�! .5�
<br /> .. .. .
<br /> .. , � ,• ,. �: '
<br /> •..
<br /> . . . . . •. ,��- ;y� y
<br /> :� 'a ..�
<br /> . J . a . .I .
<br />
|