|
.
<br /> _� ,
<br /> . . ..
<br /> . _ . . . . .-- - — -
<br /> -------�..— - - ---- --- -- .-- ��' --
<br /> , . ,.c_ . . . . a . < _ , f� �.
<br /> � . �? .. � ' � 4.' � ( ' k� � �'� �• —
<br /> t: .- ., �. . . 1 - � . . . . , c c c s — �
<br /> ( . , ' . , ', ' , t;,(� . .... — ' t- . . �. ._ :r,' , .. � ..__ . ...�� � - . _ , . � � ' _
<br /> . � . , . , . .t . .. . . i , 4 -��_,
<br /> . . ' . - ' ' ' � . . � . _ , . .�. .. �- � , . � . s .` � . . _ . . .. < � ' . ` . '° ` . . .' � - ` • ._ °_ . .
<br /> ` , , C �.,.` ' , . , 5 - • ..._ . ' _�� ._.. � .�:.... , t __ . ._ ._ .__. . , R' �5..
<br /> . � , ,7: ..,_� ____...___�_..,....�_..__.._�.��.-_�.,_.y...._-_. __.. __...___. --'- � .... �` � -y. •
<br /> � _� . - 9�- ����� .� � 4� -,���.
<br /> .�. .
<br /> _ .
<br /> � . �
<br /> �s=�= -_- 5. �rd or Froperty Iasw�ance. Borrmxer shail keep the improremenu now e�isang or hereafter erecced oa the . �•,`` .
<br /> : � � • pi,�peny ;nsu�ed against lass by fire.tra7ards included withia the tezm'esteaded coverage' aad aay other ha7ards. including , • -
<br /> Boods or fiood'mg.for which Lender re9uires in.tivrance.This ins���sb�be�°����e amounts and for the periads ,
<br /> , eq
<br /> " ' � • �f tbat Lender requires. The insurance carrier pmviding the insurance shall be chosen by Borrower subject to Lender's appmval
<br /> wtucb shall not be imreasonably withheld. If Borrower fails to maiataia cuverage described ab�vc, Len�er may. at Ixuder's -
<br /> _.�---��=:-`"•T 1.� m accordance wirh ara b 7. _ '�-_.-;:• -
<br /> . `,:] option,otssain coverage co pratect Lender's rights in the Praperty' P �P --- . --.
<br /> � All ins�rance policies and renewals shaU be acceptable to Lender and shall inGlude a standard mortgage clause. I.ender �'�t.� . '�r..
<br /> . . � ene ` .
<br /> shall have the right to l�old the policies and renewals.If Lender requires,Borrower shall promptly give to Lxnder all receipts of •��r, `
<br /> , _ p a id premiums and renewal norices.In the event of loss,Borrower shall give pmmpt nouce ro the insurancc cazrier and Ixnder. `'
<br /> Lender may make proof oi loss if not made pmmptly by Borrower. .a � .'. • _
<br />�%- ' t pnless Lender and Borrower otherwise agree ia writing,insurance proc�ds shall be applied to restoration or r�ait of she . : .�. . ��
<br /> � :�<>;
<br /> �• pmperty damaged,if the restoration or repair is economicxlly feasble and Lende�s secnrity is not lessened.If the restoration oz _�;y-
<br /> - , „ repair is not evonomically feasi'ble or Lender's seauity wou2d be lessened,the insnrance pmceeds shall be applied to ihe swns `,�� ��.
<br /> . s�cured by this Securiry inswment,whether or not then due.with any excess paid to Borrowes. If Bonowu abandoas the .� ��-.i.'��'.
<br /> . . Property,or does not answer within 30 days a aotice from Lxader that the insarance canier has offeted w settle a claim,then : �:�_�_
<br /> � �.'�:,w.
<br /> - - ' �`' Lender may oollect the insurance Pmoeeds. Lender may use the proceeds to repair or restore the Property or to pay sums : :`��_.
<br /> • ' • - t sQCaued by this Security Insuument.whether or not then due.The 30-day period w�l begin when the notice is given. :.` -s_
<br /> ` � . � Untess Leader and Borrower otherwise agcee in writinS, aaY aPPlication of proceeds to principal shall not extcnd or •`•k !;--
<br /> _ ' postpone the due date of the monthly paymeau refecred to in paragraphs 1 and 2 or change the amoimt of the payments. If �• , ;`.�^_
<br /> . ..:,`y under parag�aph 21 the Property is acc�ired by Lender.Borrower's right to any insurance policies and pmceeds resulting from . -,. �_
<br /> � • `-- damage to the Property prior to the acquisiaon shail pass to Lender w the extent of the sums secured by this Security�n +ment _„ . � _ ___
<br /> ....
<br /> ' � immediately prior to the acquisitioa. •,_';—
<br /> : . �..r 6.QccuPan�Y+PreservatEon,Mafitenance and Protection of the PropertY:Borrower's Loan AppIIcatton,Lease�otds. �� ,.. ;: �>-;_
<br /> � . Borrower shall occupy.establisb,and use the Properry as Boaower's prIncipal residence w'sthin sixty days after the execudon of ° _•--=•'='-
<br /> r"-•,__
<br /> :.' .� '.- ... T°`-:� __
<br /> - . - � this Security Instrument and shall cant�ae to oca�y the Property as Borrower's prinapal residence for at leasc one year after �,.. -. _
<br /> .. .,`� the date of occupancy,unless Lender othera+ise agrces in writing,wluch consent sball not be unreasonably withheld, or unless � .�:-�_-
<br /> � extenvating circumstances exist wluch are beyond Borrower's control. Boaower sball not d�tcoy, damaP,e or impair the �'.•.f-:'�
<br /> �� ' propetry, allow the Propeny to deteriorate,or commit aaste on the Property. Borrower shaU be in default if any forfeiture , `_=�
<br /> , action or proceediag,a+hether civil ar criminal. is beg�e that in iRader's good faith judgmeat cautd result in forfeiUUe of the r�=_
<br /> . . ' �P�7+or othenvise materially impair the lien created by this Security Iasuument or Lender's security interest.Borrowet may ::;��
<br /> ` cure sucb a default and reinstate,as pmvided in paragrapb 18,by causing the action or proc.eeding to be dismissed with a n�ling `. �.�=
<br /> �: �+,�,:,
<br /> ' thai, in L.ender's good faith detemunation.Preclndes forfeiture of the Bormwer's intemst in the Properry or other material ; _.3:i��
<br /> _ . . .`.' impairment of the lien created by this Secamry Instrument or Lender's secvrity interest. Boao►ver shall also be in defauls Ef _ �,__�e';p�"
<br /> Borrower,during the loaa application ps+ocess,gave materially false or inac.curate information or statemeats to Lettder(or fa�led $:�
<br /> . . � to pmvide i�ender with any material information)in connecc'son with the loan evidenced by the Note,including,but not timited . �.;
<br /> , to.representations conceming Borrower's accupancy of the Property as a principal residence.If this Securiry Insmimes►t is on a .. ��'='
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title to the Pmperty, the . ;;,�,..;,
<br /> :; ' `'�` leasehold and the fee title shall not merge unless Lender agrees to the merger in writing• ° :�.�
<br /> • 7.Prote�tton of I.eader's Iitgiits in the Ptoperty.If Eorrower fails to perform the covenants and agreements contained in _-
<br /> 1� . � , • this Securiry Instnunent,or there is a legal proceeding that may significantly affect Lender's rights in the Pro�rty (such as a --_„ ,.',_
<br /> � proce�ding in bankruptcy,proba[e,for condemnation or forfeitw�e or to enforce laws or regulauons),thea Lender may do aad - ;
<br /> . .,. �� , pay for whacever is necessary to protecc the value of the Properry and Lender's righu in We Property. Lender's actions may ' '��'
<br /> _ �"
<br /> - � � � include paying any sums secured by a lien which has priorlry over this Sectuity Insttument, appeaziag in court, paying . . _ :•
<br /> � reasonable attomeys'fees and entering on the Properry to make repairs.Altttough Leader may cake actioa under this paragraph � . ..'��"
<br /> '�� 7,i.ender does not have to do so. {.� � ' '
<br /> � � � My amounts disbwsed by Lender under tbis paragraph 7 shall become additional debt of Borrower secured by this •• . .
<br /> • ' Securiry Instrument. Unless Borrower and l.ender agree to other terms of payment.these amounts shall bear interest from the ,
<br /> � � date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Bonower requesting
<br /> . paymem. � �, �. , �
<br /> � 8. Mortgage Insurance.If Lender required mortgage insurance as a wndition of making the loan secured by this Securiry ,
<br /> � lnstrument,Borrower shaU pay the premiums required to maintain the mortgage insurance in effect. If, for any rea�on. the : .
<br /> � � mortgage insurance coverage required by l.ender lapses or ceases to be in effect. Bonower shall pay the premiums required to �
<br /> � � � ' obtain coverage substantially equivalent to the mortgage insurance previously in effect.at a wst substantially equivalent to the
<br /> •• wst to Bonower of the mortgage insurancc previously in effect. from an altemate mortgage insurer approved by Lendet. If �
<br /> � . substatttially equivalent mortgage insurance coverage is not available.Borrower shall pay to Lender each month a sum equal to . �
<br /> � one-twelfth of the yearly mortgage insurance premium being paid by Bonower when the insurance coverage lapsed or ceased to .
<br /> � be in effect.Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss teserve � •
<br /> � Fottn 3028 9/90 � � � �
<br /> . i
<br /> � ��6RtNE1 ig2�z�oi Fe90 3 ot B imuai�r��+tl/ • . .
<br /> . i i .
<br /> �
<br /> j ' .
<br />, •',t . . . . _ . . . . . . .
<br /> .' . . • . _ ' , - .. . .
<br /> " , . � ' t.� ._.�._ _ �z{ i� -rSrY�u+7:�
<br /> '_. . _ ___ _. _ _ _ _ _. ___ � - . _ . .. . _ . ." . __ . .i. i a-._...._ . � � :�� . .. ..._ .._.. . f. � . i,.)•� _�_�-�3�.��... _�...��._...... .._�. ...... .
<br />
|