|
_ u��f/.�[.�.'. ... - . f y�r ` _ _ ...c'4- t L.._�..V'."
<br /> -�.��.-_. .,,' _ _ __ _. —�-,—"_ i'�.�"._�" "' _. _— _ - .. _ .-� _.'" . __ ...__ .'_
<br /> t E. i . ' _ . �;- :i � ' . _. x -� 4y � �t�.
<br /> - r - .t:' f' ! _ .\� '.4. . .� " �1,. .£ t E .
<br />-L' � _ � ' ' d -' � S H" r , ` .i ..� .��.._._.�,.�e _—......5.� `l '_�t,� _" .
<br /> , .. � . !�4- _ �� T'_:C � .r.�..—.�.�.k ���,�._��ae. .� --- . �;C�p, ��-
<br /> � ��i.� �� a.a. w_.�4 .�.� --� _.��._ - �< ,S,_.
<br />.. ,-` . . - � . .. .
<br /> L., '
<br /> 9���t��the t`�
<br /> _ :ti. . . ` _ '��
<br /> � � . . , �� 5. B�r� or PropestY I�sm�nce. Borrower shalt keep the improvements aow existeng or
<br /> �,4 pmperty insured against loss by fi�e,har�rds incladed within the term 'ex[ended coverage' and airy other ha�ards.incladiag • •
<br /> .(� ` ., • floflds or tlaoding.for which I.ender tcquices insurance.'Iriis insur�ce shall be�ainrained in the amounts aad for che periods -.,
<br /> _< $ ' ' thai L,eader req�ices.l'�e insuranoe carrier pmviding the iasuiance shall be chosen by Bonower subjea co Leader's agpmval ���`�-.:',.Y�:
<br /> wIuch shall not be unreasonab1y wlthheW. If Boirowet fa�s to maintain ooverage described above. I.ender maX. at I.ender's ' Z, +• : .
<br /> - -�- - -- opuon,obtain caverage to protect Lender's rig,hts in the Property in acoordance with paragraph 7. .,� .<.
<br /> . , All insutauce polictes aad renewaFs�aII be�htc ta�aQt!st�2l� inr.t��de a standard mortgage clause. Ixades L. � ' °_-
<br /> " '' � . . sha11 have the right to hold the poticies and reaewals.If Lender recluires,Bortower shall prnmptly give to Ixader aU�eceipts of = � ..
<br /> . �,, . and renewal notices.Ia the eveut of toss.Bonrower shaU give prompt notice to the insurance carrier and Lender. � :� , `
<br /> paId premiums
<br /> re
<br /> .�� ;��F_,T, Leader may make praof of loss if not made promptly 1ry BoYSOwer• lied to restoratioa or repair of the � ••
<br /> ` Unless Lsnder and Borrower othe�wise agree in writing,insumnce Pm�s�be�Pp'
<br /> -_ `Y 1 Pcoperty damaSed.if the tescorasion or repair is ewnamically fe�sebis aat!Lender's seauity is not lessened.If the restorauoa or - - - -
<br /> . _ cepair is noi economicaity feasi'ble or Lender's security would be 2essened,the insucaiue Pmceeds shall be applied to the sams
<br /> S��y �is ge�uiry instr�nt;whether or not ihen due, with any exce.�.c paid to Borrower. If Borrower abaadons the
<br /> � property,or does not answer within 30 days a aorice from 1.ender that the�++�,*anr��rrier has offered to settte a claim,then . .
<br /> � . . Ixnder may collece the insnrance Pmceeds. Leader maY use the pmceEds w repair or restore the PmpertY or to pay sums �:�:lf �,.-
<br /> .�: . setvred hy this Se�wity Insuvment,whettier or aot then due.T6e 30-day period w71 begin when the notice is givea. �"
<br /> {. �, - Unless Lender and Bormwer othera+tse agr�e in writing, a¢►Y aPPlication of praceeQs to pr�ncipal shall not extend or '.''.=�.
<br />_ ` . postgoae the due date of the montlily payments r�feried w in paragraFl�s 1 and 2 or change the amount of the paymenu. If ` ,.. �'��::�.`
<br /> • . ' nader paragaph 21 the Ymperty is acquired 1ry lxnder,Bormwer's right co an}r ins�rance policies and prooeeds resaiting from ,,., �
<br /> � � ;', damage to t1�ee PtoPert�►Prior co the acquisitia�n shaU pass w Lender to tDe extent of the sums secund by�his Securit3+Insaament .
<br /> n ��.
<br /> nor w the acquisztion. .;.
<br />� ' � " �mmediacely p " Bormwes's Loan Appl[cation,Leasehoid9.
<br /> ,�" . :� 6.Or,capancy.PreservatEoa,Mainteaanse and Protedion of the ProP�Y+
<br /> a �
<br /> .�'f ` . . - Boanwer shaU occ�cpy,establish,and use the Property as Borrower's piiacipal residence within siatY daYs after the execation oF , .-
<br /> -' ' ' this Security Instrument and shatl continue w occugy the Property as Borrower's principal resldence for at least one yeaz afrer —
<br /> °- ` � '� .Ey';`. the date of occupanc5►,anless Lender otberwise agcees in writing.wluch wnsent shall aot be unreasonably wi�hheid,�orair ¢hx -uT�'-`-�
<br /> �„' r � extemuating�itcuwstances exist whish are beyond Borrower's coutrol. Borrower shall not destroy, damaS ; ,.
<br /> � � property, a llow the Pro p e r ty to deteriorate, or commit waste oa the PropertY. $orrower shall be in default if azry forfeiture �...,.��--
<br /> *;' .. , _ • . acdon or pmceedinS.whether civil or criminal,is begun that in I.ender's gaad�a�h judgment wnld resWt ia forfeitare of the ;�•,.,;-4--�
<br /> �. � " �� prnpeny or othetwise materiallY imPair the lien created by this Security lastrument or Lender's securiry interest.Borrower may `': •.i:;1�`=
<br /> ;�, .� . •_.,-•,,: _- - --
<br /> cuc�snch a defaalt and reinstate,as provided in paragraph 18,by causjng the action or proceeding ta be di.smissed with a ruling .'-� ..---
<br />�`''f. ,,. ��. �� • that, in Lender's good faith determinatioa, Precludes forfeiture of the Bm:ower's interest in the ProPeriY or ot6er material :,;,. --
<br /> . . , impairmen�t of the lien create�by this Security!s....�.m�t or Lender's securiry interesc.Boaower shall also be in defa�ilt if �.';:',�;(�;w: ---
<br /> r
<br /> • • Borrower,d u ri ng t h e loaa�Ii c a tion process,g ave materially false or inaaauate iaforma�ion or statements to Lendet(or failed ,.�:F �, �,--
<br /> ' .: .•��.. to pmvIde I.ender with aay material infur�ioa)in wnneaioa wiW the toan evidenced by the Nute,including.bat not limited s
<br />''�a,, • to,rePresentations conceminS Barrower's occupancy of the Property as a prmcipal residence.If this Security Instrument is u�s a ,. -_
<br /> ' • leaseho2d, Borrower shaU compl y with a11 the provisions of the lease. If Borrower acquires fee dde to the Property. 'the .. '�,� °�•
<br /> .;;�.� '..:J,�.-.
<br /> ' leasehold and the fee dde shall not merge unless Lender zgree.s to the merger in writing• :..,;.._: '_- _
<br /> ' ` ,• . 7.Plrotectioa of LendeNs Rig6is in the FiropPrtY.�!€Borrower fails tv perform che wvenaats and agr�is contained ia ?;�,j;. _ �.=_ _
<br /> •��:�
<br /> _ _. _. ._ �Security Instrameut,or there is a legal praceeding that may signific�ntiy affect I.ender's rights in the Property(such as a 'r =�_:
<br /> ' � � :� , pmceeding in bankruptcy,probate,for wademnat�on or forfeiture or to enforce laws or regulatie�s),chea Lender maY do aad . ,��
<br /> . • , , pay for whatever is necessary to protect the value of the Propercy and Lender's righu ia the Praperty 1-ender's actions ma}r �
<br /> '. ••-
<br />- . . iaelude paying any sums secured by a lien which has prioriry over this Seciui¢y Tnstrument, appearing in cou�t. PaY�S � - ;�-:
<br /> •`� Y'—
<br /> : . � r e a s o n a b l e a tt o m e y s'f e e s a nd enterin g on the Pro perty w make repairs.Although Lender may take action uader tbis paragraPh . ;-'.'�°
<br /> • 7,I.ender does not have to do so. . � . ��.'�
<br /> , Any amouats disb�used by Lender under this paragnph 7 shall become ad�ese�amounta shaU bear interest fr m the .. _�-
<br /> � ' g e c u r iry Insnument.IInless Borrower and I.ender agrce to other tetms of paymeat, :, .-j::
<br /> - '. . date of disbursement at the Note rate and shall be payable. with inte�est, upon notice from Leader to Borrower requestin8 . . : ,$ :.
<br /> ..�._... • . . ... :��-� - .. ,__
<br /> FaY�• e insurance as a condition of making the l�an se.cured by this Securlry .•
<br /> - . . �.Ii�iortgege Insurance.lf Lender required morcg''..g . :
<br /> Instrument,Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the �
<br /> ' . ' '� mortgage lnsurance coverage reguired by I.ender lapses or ceases to be in effect.Borrower shall pay the premiums reyuired to
<br /> • ' obtain coverage substantially equivalent to the mortgage ins�uance previously in effect,at a cost substantially equivalent to the ,;;i. .. „ �'
<br /> � � cost to Borrower of the mortgage insurance previously in effect. from an altemate mortgage insurer approved by Lender. lf •;,�.. .
<br /> �: . substantially equivalent mortgage insuraace coverage is not availabte,Borrower shall pay to Lender each month a sum e9ua1 to
<br /> ' one-twelfth a.f che yearly mortgage insur�r,e preanum being paid by Borrower when the insurance wverage lapsed or ceased to
<br /> ' .�. • he in effea.Lender wi11 acc�pt.use and retain these payments as a loss reserve in lieu of mortgage insurance• 1.oss rer.,e�'e .
<br /> . .� ' Form 302A 9/90 . . .,
<br /> ' �� , �-6R(NP1 isx�Z�.os Paga 3 ot B nuum9: - •
<br /> . �.
<br /> •.'.;, � . .
<br /> ��:,,' . . . , �,
<br /> - � � . .
<br /> .. ., . .t '
<br /> . .. �
<br /> .. ' . . 7('Q87.hm�L96
<br /> . . _ �- •- --
<br /> ` '
<br /> '�J -- - ., _ . . . ' .:�.• . ir'",. '.•ai-' ;`` _• -N.•. � '�•.�-a.K'.
<br /> ,' . . . . . . 1 1 'i:�` �i L 5.�. t 1 �t.
<br /> - '—p•�. ��.1.:. �H.•t.asv..,-=t.�•.�.z•_isa�:sa.�t_w�.. y.,,... ...,_r`.�wt",�l.t!�°,ik;1y�:Vi�,-w.w,-bec��-.:,.yw�AJta'-�'k1.4:'t.iit6_.si�iic:_.A�M�j _. . -. .ar.°.1x .♦. .. :.3��.i:=t;':+:, � _ . t-.,l!.�.. .-3f��!y; y' _ i.- .
<br />
|