|
. o.I . . . � - _..i�.-,�. �.`=�
<br /> . - - - . . _ . t . � �- --- ---�--- - - °---.------ _
<br />- ' rt' �- . -- � - ' � . � ' �- �' _ . <. . . . _ . - _ . . � ... . . -. -.. ' -< '• .� .'. t .,. .
<br />_. . ., t . � ' Y.4, . ( ` e .. , _( . _' w `, e �, ` _� .. ` , ` •��� .r.
<br /> . _ ; . , �.� � .
<br /> , c'^ �--�—_ ` � � ..• ..�. , . __..x_.s._.4.� .-• .-•--..__. . ._ . .. _ . - _ . �. . _. _.._.�._�_.— ,_ ....�_.-___�_`-----�— � . � ..
<br />._ . .. ( ,i.� � (' /� �t ``� . . ..
<br /> � � l �`�� .
<br /> � S.liazasd or Propertp Insaranoe. Barmwer sdall keep the impmvements aow eansun�or � ter erected on the Propecty � ; .' .�.
<br /> � ; ins�ued agaiust loss by fue.ha7ards included wethin ttte ter�°extended coverage" and aay ot��ds,including floods or
<br /> ? fiooding.for wtricti I.ender reqnires�ce.'it�is insnranoe shall be mai.ntained in the amounts and for the periods that L.ender � � . .
<br /> : ��.�i���ranCe catri�piovidis�g the insutanCe s68ll be C6os�by SoROwe�subjeC[tD I.c�tdet'S eppmvel w6iCh Sh2D uoi �� � ; � .
<br /> • be unreasonabty wiihheld. If Boimwer fa�.s ro mamtain coverage descrc'bed above,I.ender may,at Lender's opaon. obtain �. . • ` '�s•,.
<br /> _ coverage w pmtect Leuder's rights in the Pmpeity in accordance with paragrapl►7. . --
<br /> - ' - All insurance poiiaes and renewaLs shall be acceptabte to Leatdar and shall�clude a standard mortgage clanse.Lender�tall ��-:_---�-r�.�
<br />- dave!he rig6t tn hold the polic�es and remewsiLs.If I.er:der requires.Barmwer st�all prompdy give to Lendea all receipi�of paid , : ..�, .
<br /> .��
<br /> � premiums and ieaewal notices.In the eveat of loss.Borrower sdaU give pmmpt notice w the insurance carrier aud Lender.Lcndcr € • .
<br /> . . ; , may make p�of of loss if not made promptty by Boaower. . . - . `
<br /> UnIess Leader aud Boirower othe�aise agree m writmg,�ance pmceedc shall be applied to reswration or�aa of the .. ._, "
<br /> . , � �P�Y�Bed,if the rescoration or m,paior is economicaliy feas�ble and Leadca's sea�rity is aot tessened.If the rccrniation or • . :
<br /> , ' repair is aat economirally fea�Ie or I.e��'s secauiry would be tesseued,the ms�ance praceeds ahall be applied tn the sams . ..' � ��
<br /> `, sec�ed by this Sec�uity Instrum�t whetha or aot then due. with mry excess paid to Borrowea.ff Boaower abandons the �' �;.-
<br /> - � , ; Prnpecty,or does aot�swer wuhm 30 days a notice from Leader tbat the inswauce caaier das offe�ed to seute a claun,thea . ' `;..
<br /> �_:.;.:._._.
<br /> - � � Leadea may coltect the insuu�ance groceeds.Lender may ase the proceeds to repair os reswre the P�operty or w pay s�nms s� ' ;:.��-
<br /> � � . � . by tlus Seaaity Insuumenb whethe�or not L�dae.'Ihe 3Q-day pertad w�t begm wheu the notice is given. . _
<br />; • UnIess J.ender and Boaower oth�swiss a,�see in writin8,ar►Y 8PAU�tion of ptoceeds w prina�al shall not extend or postpame '":�.
<br /> .� .. .,;._���
<br /> . : the dne date of the monthly payments referred w in paragcapl�s 1 and 2 or change tlie amouat of the paymeAts.if unde�paragraph - , _ -
<br /> 8 a!
<br /> 2t the PropeltY is accluired by Lend�,Borrower's rigS�t tn any ms�ance policies and proceeds resulting from damage to the . .'":�`=
<br />'_ -� - -- ,..,_ ;�..�
<br /> �Y P�tn the acq�isdon s R r a ll pass m L�d e�r�o d ie extent o f t he sums�by t h i s S e c a u i L y I n s�a m e a t:m,nc.�;Arpt y
<br /> prior tn We acqnisition. `,-"�f``
<br /> 6.Occapancy,Pr�servattoa,Maintenaace aad Protect�on oi th�Pi^operty; Borrower's Loan AppHcation;LQase6otds. '�
<br /> ' Baaow�shall occupy,establigh,�d use the Propeity as Boaowa's principal residence within sixty aays after the execation of � . �:��:-`_':
<br /> . � tbis Serauity►Ins�unent aad shall con6u¢e w accupy the Pmpeity as Bomnwer's priacipal reside�ce for al least one yzar after the • ..`��`�
<br /> _ . - _ :� �' ... ... ��. .:;
<br /> - � dare of accupani,y, anless I.�der otheawise a�ees in arritmg, w d i c b wnseat s 1�a a l 1 not h e unreaw n a b l y wi t h h e l d.or a n l e s s �:.:��,_ •, ."t-;P :- --
<br /> . • � � II
<br /> � .�:
<br /> extEnuanng cu�arnstances exist whic6 are 6eyond Bomnwer's wntrol.Bomowea shall not des�oy,damage or impau the propeaty, .,,,,��.
<br /> ;; , allow the Pnoperey w deteriolate, or co�it waste on the Pmpecty. Borrower shall be in default if any forfeiUnre aaron ar . `.=;;-.
<br /> proceed'mg,wheiher civil or crim�al,is began that in LRadei's good faith judgment could result in forfeiture of the Properly m . �::a�';;�
<br /> at4ieawise mataially impair the&en creaied by tbis Sev�ity Iastrwne.nt or Lend�'s seGUity int�est,Boimwer may c�e saeh a . ''t�'�
<br /> S C;-
<br /> � defauIt and reinstare.as piavided in paragraph 18,by cansing We actian or proceediag m he di�ni.ssed with a mling tbat. in ��,;.•...' .' ., � rv�1•
<br /> � l.eader's gaod faith det�rrnination,preclndes fozfeihue of tIte Borrower's interest in the Propealy or other materia'1 ianpairmeat of � ;:�:�'`
<br /> the lie,a created by this Security lnstrument or L.ended's secwiry interest Barrower shall also be u►defaalt if Bonawer,duriag the � :,.''.1^
<br /> '.��� loan application process,gave mateaially false or inaccutate informarion or statements W I.ender(os faited to provide Latdea with . :;:;,�___
<br /> .:,� � .�: �y material iafonnation) in connection with the toan evid�ced by the Note.including, but not limited w, �nres�tartonv f�::-r.�. %•,�«�
<br />� .ti � coaceming Borrow�'s occapancy of the Praperty as a principal residence.If this Security Insuument is on a Ieaseho2d,Borrower . -�`�'Y`.•
<br /> , � .:°.a,_;
<br /> ..; shall comply with aU the provisions of the lease.If Bo�rower acquires fee dtle to the Propeaty,the lea�ehold and the fee 6t2e shall ; . ';�
<br /> • not merge�ess L�der agees w the merger m writ�g. ; `���.,:�.`4:
<br /> 7.�rotecbton of Lender's Rtg6ts in t6e Property. If Bonower fails w perfonn the wvenants�d agreements contained'm ' `.�``�*`'
<br /> ,.,;. . .� ;, ',s
<br /> .. • • � this Secority insuumen�or Were is a le�si pmceeding that may siguificandy a(fect Lender's righis in the Propeaty(sueh as a - .- _.
<br /> proceeda�g in bantuupuy,probate,for condemnarion or f�feiaue or to enfonce laws or regWa�tions),then Lendes may do and pay "`�
<br /> �:�; , � far whatever is necessar}r to protect the vaU�e of tha Property and I.�dea's rights in the Propaty►.Leada's actiuns may inctude .
<br /> . : , � PaYlag any s�uas secured by a lien which has priority over this 5ecurity Instrumen� appearinS in wurt,DaYinS masonable •. . ' ,
<br /> auomeys'fees and ente�ing on the Aroperty w make repairs.Although Lender may take action nnder tLis pa�aph 7,I.ender . .
<br /> ,,,� . • � does not have w do so. . . � . - .'
<br /> ;, My amounts disbursed by Lender under this paragraph 7 shal!become additional debt of Borrower secured by this Sect�rity
<br />. � Ins�ument Unless Bo�rocve.r and Lender agree w other terms of payrnen�.these amounts shall bear inie�est frorn the date of . ,
<br /> disbursemeni at the Note rat�and shall be payabte,with intraest,upon notice from Lender to Bonoww reqaesting payment
<br /> �-� • 8.Mortgage Insuragce. If Lender required mortgage insurance as a wndition of malcirtg the loan se�ured by this Secariry :
<br /> Instrumen� Borrower shall pay the premiums required to maintain the mortgage insurance in effecL If. for any reasoa, the � �
<br /> . mortgage insnrancc coverage required by Lender lapse9 or ceases to be In effect,Hoaower shall pay the preminms required to � � .
<br /> obtain covcrage substantially equivalent W the mortgage insurance previously in effect,at a cost substantially equivalent to the .
<br /> cost to Boaower of the mortgage insurance prevlously in effect,from an altanatc mottgage insures a{spmved by Lender. ff �
<br /> - � j substantially equivalent mortgage insurance cov�age is not available,Horcower shall pay w Lender each month a sum equal tn • ��
<br /> 1 on�twelfth of the yearly mortga�e insurance premium bein�paid by Borrower when the ins�uance coveaage lapsed or ceased tn
<br /> ��f;k � be in effec� Lender will aceept, nse and retain these payments av a loss res�ve in lieu of mongage insurance.Loss reserve . � .
<br /> ,�,. '. � '
<br /> Form 3028 9f90
<br /> � �•BR�NE)�n�z�.o� Papoame imuats:
<br /> , ; , .
<br /> • a, • .
<br /> �� . . .
<br /> � .
<br /> I • �
<br /> .' . ,
<br /> .�.:r_b. � . . '. . • � . . .. .
<br /> .•�� . ' .
<br /> � ; . . . � " ' . .
<br /> ' �� . . ' . .. .
<br /> . • ..i� . . - . -_
<br /> t '" _ _�:.��
<br /> • —
<br /> -..: .. . ... . . . .. . .,�.. . .... - ... .....:.:_.•: .,.,,..... .w.�._. .a ._...._....�..�-.�....,�.::a.,..-....«......._...._..�::L. }�:_.- . i -
<br />
|