|
�.
<br /> . � �59i•=•:C..-—
<br /> ?Rk:,,%i:.
<br /> =-'4S'_—
<br /> . . _ `X_f'__'
<br /> . ""' . f.or:._._...�.-Tm..
<br /> , . . .,y,f-__ �........._-.
<br /> .. . .. 1 '.�r{�G.�.[it..-
<br /> �:�v�
<br /> .. ...) � ..--�...
<br /> . ;�����r
<br /> .. . � ..�G�..t\H1
<br /> - ��o �L���� ..�.. '
<br /> 5.Hwu�rd or Property xnsurence. Borrower shall keep the improvements naw exisung on c�reafter erected on tfic Property _
<br /> insumd agalnst loss by Cuc, hfu,fuda included within the term "eatended coveragd a�d any other haaords,including floods or •R-,
<br /> tlooding,for whtch l.ender requires insurance.'Rits insw�nce shall be mainu�ined!n the amounts and for the periods thut Lender '
<br /> � requires.'Ihe insurnnce cnrrier providing ihe insurence shnll Uo chos�;n by Dorrower sub,}ect w L.ender's approval which shall not � °' --
<br /> bc unreasonably wiQ�i�eid. If Borrowee feila to maintain coverage described above, I..cndcr may, at I.cndcr's opdon, abtain �_
<br /> covemge w pro.ect Lender's righis in the Propc:rty in eccordance with ParagraPh 7. •� •��r�'� :
<br /> •• AU insurnnce policies and renew�ls shall be acceptable to Lender and shaU incl�de a standard mortgage clause. Lender shtill • s_
<br /> have the dght w hold thu policics and renewals.If Lender requires,Borrower sheU prompdy give to Lcndcr all receipts of paid , -.
<br /> prcmiums and rencwel noticcs.In thc event of loss,Borrowcr shall givc prompt nodce to the insurancc c�rrier end Lender.L.ender , �
<br /> may mafce proof of loss if not mede promptly by Borrower. . -_
<br /> Unless Lcnder and Sorrower otherwise egree in wriiing,insurance proceeds shall be Applicd to restorador�or rcpair of thc �. _-
<br /> ' Property dtunagrd.if the restoradon or repair is economically fcasible and Lender's securlty is not lessened.If the restoradon or .' �i4;�-.;:=.
<br /> repair Lv not economically feasible or Lender's security would be lessened,the insurance proceeds shall be npplisd w the sums _.-':��'�
<br /> sccured by this Security Instrument,wl�ether or not then due, with any exa;ss paid to Borrower. If Borrower abandons the •t Y
<br /> Property,or daes not answer within 30 days a notice from Lendcr that thc insurance carnier has offered to settle a daim,then ..��i-:=�=-
<br /> ' Lender may callect the insurnnce proceeds.Lender may use the proceeds to repair or restore the Property or to pay sums secured __ --
<br /> by thIs Securiry Inswment,whether or noi then due.The 30-day period will begin when the nodce is given.
<br /> Unless I.ender and Borrower otherwise agree in writing,any applicadon of procoeds to principal shall not e�cten�l or postpone --`
<br /> � �� �:,��.���
<br /> the due date of the monthly payments refened w in paragraphs 1 and 2 or change the amount of the payments.If under pzragraph
<br /> 21 the Property is acquired by Lender, Borrower's right to any insurance policies and preceeds resuldns from damage to the ,�� ���_�,.
<br /> � Propeity pdor eo the acquisidon shall pass w L.ender ta Ihe extent of the sums secured by this Securlty Instruurnent immediately ' __
<br /> prior to the acquLsipon.
<br /> 6.Occupancy,Preservsttion,Nialntsnance and Protcctlon of t6e Property; Borrower's Loan ApplkatWn;LeasehoWs.
<br /> Boirower shall occupy,establish,and use the Propecty as Borrower's principal residence within sixty days after the ea�ecudon of ,`' _
<br /> ' �• this Sscurisy Instrument and shall continue to occupy the Property as Bocrower's principsil residence for at least one year aftcr the ' '�
<br /> ;c date of occupancy, unless Lender otherwise agrees in wridng, which consent shell not Ixs unreasonably withheld,or unless "=°'"
<br /> extenuating cfrcumstances eaist which are bcyond Bocrowe,r's control.Borrowe,�shall not desiroy,damage or impair the 1'roperty, .y;.';��°�
<br /> � • � allow the Property to deteriarate, or commit waste on the Progerty. Borrower shall be in default if any forfeiwre acUon or �a, , �, '
<br /> � � proceeding,whether civil or criminal,is begun that in Lender's good faith jUdgmtnt could result in forteiture oY Ihe Property or ; T
<br /> . oiheiwLse mate�rially impalr the lien created by this Securiry Instrument or Lender's sacurlty inu:msG Borrower may cure such a �
<br /> defa�lt and reinstate, av provided in paragraph 18.by causing the action or proceeding to be dLs�nissed with a ruling that, in •
<br /> � Lcnder's good faith determinaaon,precludes fodeiwre of the Borrower's interest in the Propemy or other meteriAl impuim�ent of '� ;� �
<br /> • • the Gen created by this Securlty Instrument or Lender's securiry inte.resG Boaower shall aLso be in default if Borrower,during the � ;: .
<br /> . loan appllcation process,gave matcrielly felse or inaccurate information or stntciments to Lcnder(or failec�to ptovide Lcnder with � .•
<br /> any material infom�ion) in connecdon with the loan evidenced by the I�ote,including, b�n not limitrd to,representaaons
<br /> concerning Hocrower's occupancy af the Propeity as a prIncipal resldence.If diis Security Instmment is on a Ieasehold,�3otrower
<br /> shall comDly arith all the provisions of U�e lease.If Borrower acquires fee tide to the Property,the leasehold and the fee title shall --
<br /> not merge ualess Lendcs�s to the merger in writing.
<br /> 7.Protectlon ot Lender's Rights in the Property. If Borrower fa[!s ro perform the covenants and agree�nents contained in ,�;�;`�
<br /> this Security lnstrument,or there is a legal proceeding that may significandy affect Lender's rights in the Property(such as a ---
<br /> `,;.:�, pmceeding in bartkcuptcy,pmbate,fot condemnadon or forfeiture or:o enforce laws or reguladons),then Lender may do and pay �,,��_ _ _
<br /> for whatever is nece,ssacy to pmtect the value of the Property and Lender's rights in the Property.Lender's actions may include
<br /> �'�'1'�� PaY�B any sums sec�ued by a lien which has priority over this Secnrity dnsuument, aPP�B in court,PaYing reasonable -
<br /> ' . attomeys' fees and entering on the Pmperty to make repairs.Although Lender may teke acdon under thls paragraph 7.Lender --
<br />� - _ does not have w do so. -' �- -- —
<br />_ . .. Any a�nounts disbwsed by Lende�under this p�ragraph 7 s7�all become additional debt of Borrower secured by this Seciuity =- —
<br />_ ' InsuumenG Uriless Bonower and Lender agrce to other tGnns of paymens,these amonnts shall bear interest hom the date of • --
<br /> � � disburserne�nt at the Note rate and shall be payable,with interest,upon nodcc from Lender to Bomowcr requesting payment ;'�-----
<br /> ' , • 8.Mortgage Insurance. If Lender res�uired mongage insurance as a condition of malting the loan secured by this Secwity '- � w"'�����Y.
<br /> - Instrument, Borrower shall pay the pre,miums required to mainmin che mortgage insurance in effec�. If,for any reason, the ��`� ��
<br /> �' mortgage insuranc,coverege required by L.eader lapses or ceases to be in effect,Borrower sh�all pay the premiums reqnired to •��.�, �x t'���: �;�._
<br /> � obtaic�wv o substantiall uivalent to the mo e insurauce rcvlousl ';�.�.�'�.=r;• .'.
<br /> �B llY 04 n888 P Y �efEect,nt a cost substantially equivalent to the �•:.� -.�:.. :,��a;;»
<br /> cost to Borrower of the mortgage insurance previously in effect, from an alternatc mortgage inswrer approved by I.ender. If _ � . �
<br /> substanpally equivalent mortgage insurance coverage is not available,Borrower shall pay w L,ender cach monih a siun equal to :•�;:;i�.:���i �
<br /> one-twelRh of the yearly mortgage insurance premium being paid by Borrawer when the insurnnce wverage lapsesi or ceased to � � � "�"°��� .,
<br /> be in affect I.ender will accept,use and retain thac payments as a loss reserve in lieu of mortgage insurance. Loss reserve ' ,
<br /> Form 9048 O/a0
<br /> �•OR(HE)cox�zt.oi Pap•a oi e mnw�: — - --. :
<br /> � y � ..;: .
<br /> ---- - _
<br /> . - -�
<br /> � - -
<br /> • �,
<br /> , ��
<br /> . � .
<br /> _
<br />
|