|
..` . . _ :_ . . .
<br /> .. --
<br /> ... . _ �
<br /> :.,. -_.�__„___r_ - - -
<br /> - : _ � � _ _ , . .. ' ` . - S . `" ;��. :
<br /> . r _. _ . . , , _ , ' . ' 4 ,. � '. � --. -.�' `�:' �� - _�
<br /> ' `' _��._,....�� _.. �._ ._'..___..�__ _._ ... _..—._.__ . . , '_ . . .. .. . .�.,.._.__s� •�, `,..�
<br /> _ .. ., 1� . . - .
<br /> • ( , . � � • .�`., . �`� '.
<br /> • � �S. �rd or Pt+�peity Yasareaee. Bocrower shall kcep the impmvemeuts now existing or hereaRer erecced on tlie .
<br /> . � pe+upertY{nsused against loss by fr�e.ha7$nds included wishin the term"exceaded ooverage' and any oth�haTards.inclading4�, � �; `'�.
<br /> . : fluods or flooding,for wbich Iender requires insuramce.This insurance sball be mamtaiaed in the amonats and for the peciad� " F � . • €�.°'
<br /> � that Leader�. The insurance carrler gmvi d i ng t h e i n s t u a a o e s h a ll b e c hos�n b Y B o n o w e r s u b J e c t t o L�e a a d e r's a p g m v a l� , . . .' .
<br /> � . wLich sLall not be unrcasoaably aritLheld. If Borrower failss to maintaia coverage described above I..eader may. at Leader`e� � , . .
<br /> ,� ._' cpdon.obtain wverage m pmtect Leader's dghta in the Property in asootdance witb paragnpb 7- � ° .
<br /> -.< : , Att insu�ance polldes and r�enewecvals sLail be ac�eptable w L,ender and s6all inctude a standard mortgage ciaus�. � .
<br /> ten
<br /> • ':` ` '� shaU have the right to hald the policies and reaearals.If lender requires.Bnnower shall pmmptly give w Lender a11 teceapta a . ,
<br /> ' ; , t paid premiums�d renewal noSces.In the eveat of loss.Borrower shall give pmmpt aodoe to the iasurance catrier and I�ender.�
<br /> - : � Lxnder may m a k e praa f o f loss i f nat w a de pso m p U y b y B o m n w e r. � __ ; . .
<br /> ._ -�y=- Unless Leuder�nd Bonawet othe��ise agree ia wric�ng.insurance pmce�s shall be applied to restorarion or repair of the ` -
<br /> - pioperty damaged,if the restaration or repair is economicaUy feasib2e and Lender's security is not lessened.If the reswratioa or . � ` r ., �
<br /> � :, =epalr is aot ecoaomically f�le os I�nder's soc�rIty would be lessened,the insurance gmcceds shall be applied to the sums , _ . .
<br /> . sec9ued by this Seaairy Insuu�ent.whether or not dcen dne.with aay excess paid to Borrower. If Bonowor abandons the
<br /> � . � property,or do�a aot answer with�n 30 days a no�ce from I�eader d�az the in.auraaoe carrier has offered w seule a claim,then :. , _
<br /> Le,ader may oollect the Insu:aace proceeds. Iender may use the pmceeds w repair or reswre the Frape�ty or to pay suma - -.-
<br /> " seatted bY this SeauItY Ins�ument,whether or not then due.The 30-day perlod w�l begin when the aotice is given. ___
<br /> � Untess Lender and Bormwer otheiwise agree ia writing, aaY aPPl�catian of pmoeeds to principal shall not extend or -
<br /> � wis
<br /> � , .. �:; postpone the due date of the�nth1Y PaYm�ts refeaed to ia paragcaphs 1 aasi 2 or change the amoant of the payments. If . --_
<br /> � • - ` aa�der F a c a g r�h 21 the PmPertY is acq�i�hY I�ter.Boaower's rig�tt w aay insarance policies aad pmceeds resWting from „ _
<br /> er
<br />-- ' � damage to the PropertY Prior w the a�9uisidan sball pass w I.eeder w the extent of tfle sums secured by this SeauitY Inson�me� _
<br /> " immediatelY Psior w the soqaisition. -
<br /> 6.Oocapaucy,A�eservatlon,Mainteaance and Protection of the Propeaty;Borrowe�s I.oan Applic�tloa;Lwsdwtds. -
<br /> Boicower shaU oaxigy.establish,and use the Piuperty as Bormwer's principal residence within sixty days aRer the executloa of '• -
<br /> ` tbia Sesu:ity Instrument and shall continue w accupy the Pc�operty ss Bomuwer's principal residence for at least one year after ---
<br /> � ' - t8e date of ooaipancY,unZess Lender othezwiss agrees in writing,whicb consent sbaII not bs uarcasonably wIthheld.os aaless _ ' `•��
<br /> th
<br /> ^ ��ing �ir�ms�c� e�ast which are beyond Borrower's oontrol. Bormwer shall not deshcay, damage or imgair the �. �.. �;�- -
<br /> � '� p m P e rt S r, a ll u w t h e pro p e rt y to deterlorate.or commit waate on the Praperty.Borrower shall be in defanit if aay fozfeiAUe . ` �'�=
<br /> :.: �..,
<br /> � . action or gsuceediag,whether civIl or criminal,is 6egaa that in Lender's gaod faith judgment caold�+esalt in fosfeiriu�of the .:: ��*,,�,
<br />-... �.. _ pcoPertY or otheiavlse materially impair the liea c�eated lry this Sec�ty instrumeat or lcudet's secorlty fnterest.Borrower may � � .
<br /> . � �... aue such a default and reiastate,as provided'm paragrapb 18,bY c�sin8 the acdon or proceeding to 6e dismissed with a niling ,.�.:h. ' _•,�;
<br /> ' that, ia l�ader's good faith determination, precludes forfeitare of the Bonower's inter�st ta the Property or other m�lal ,,._;L, �
<br /> : at
<br /> .. f impairment of the Iien caEated by this Security Iasaamc�or I.ender's security interest. Eo:cower sbali atso be in defa�:x if :..;�
<br /> . . - , Borrower,daring the Ioaa appllcation pmcess,gave materiaUy fa]se or inaccurate informatian or slasemeNs w Lender tor faiied _°. ��'�
<br /> . • w pmvide Lender with any material informaSon)[n connection with the loaa evidenced by the Note,inclnsS�g,b�not limited �.' .:�.�r` ,�
<br /> • " w,rePresentatians concerning Borrower's oaaipancy of the PropeRy as a prIncipal res�dence.If Wis Seca�rity InstrumenY is on a . '
<br /> • � leasehold. Boaower sball cumply with all the provisians of the lease. If Bo�rawer acq�ues fee title w the Property. the z�.,_ .,
<br /> . ' leasehold and the feE title shall not merge cnless I�ender agre�s to the merger ia wruing. "��
<br /> ��
<br /> - .. . . _ . 7.Pr+atectioa of I.eader's RJghb in We Propeity.If Borrower faits w p�fform the covenants and agccements cantained in __ � -�.--.
<br /> . si affect Leuder's rt ts ia the ProPettl+(sarh as a �;=
<br /> . this Secarity Insuumenb or there is a legal pmceediag tbat may gnificantlY Sb ' '�.�7-�.p
<br /> �• .�:�..�:.., ..
<br /> • �'.�;:. pmcxeding in banlauptcy,Pmbate,for condemnation or forfeiNre or w enforoe la�vs or regalations),thea Lender may do aad :..�qr�•�'
<br /> . pay for whatr.vei is n�ce.asary+to pmtect the value of the Pm and I.ender a ri ts m the Pro Lender's acdons taay . ..:��'-x-
<br /> ec P�Y ' � D�Y• ,;�:_T:.,-
<br /> _ ,� . , iaclude P�S �Y sums seaued by a Uen whfch has prtortty over this Serurity Instcament. aPPearjng in caurt, Paying . ::�t':��
<br /> �. ... , . reasoatible auomeys'fecs and enteriug on the Prapary to make repairs.Althong�Lender may take action under tUis Paragraph °��-�
<br /> 7,Lender does not have c�a do so. � J �*��
<br /> Aay amounta disbuzsed by i.er�er under this paragraph 7 shaU bocome additional debt of Bomuwer secured by Wls �'. ..•.::�
<br /> . � Se�urIty Ia�snvment. Unless Bomnwer and Lender agree to other terms of pa;yment,these ama�mts shall bear interest from the �% ' �`�r--�
<br /> �,•.���
<br /> � � date of disbursement at the Note rate and sUa11 be payabte, widi interest,npon notice from Lender w Borrower requesting '. '•'��> ".
<br /> . . .:t.�.
<br /> '; .: � . payment. . � ,.
<br /> . � S.Mortg�age Ia.svreace.lf Lender requited mortgage insurance as a condidoa of maldng the toan secured by this Seaulty
<br /> �. . - tastrument, Boaower shall pay the premiums required to maiatau►the mortgage insurance ia effeci. If, for aay reason. the . .,
<br /> .:�,
<br /> �. � mortgage insuraace coverage requlred by l.ender lapses or ceas�to be ln effect,Bormwer shall pay the premiums requt�d w � ,
<br /> � obtain coverage substantially eqnivalent to the mortgage insuraace prevtously in effect,at a cost substantially equivaleat to the
<br /> : ,��.
<br /> ' �'�,xS:....
<br /> � � cost to Boaower of t�e mortgage Insnrance previously in effect, from an attemate mortgage insurer approved by I�eader. If •
<br /> � " substantially eqvlvalent mortgage insnrance coverage is not available,Borrower ahall pay to Leader eacD month a sum eqaal to •�.: �
<br /> - � , . onc-tarelfth of tiie yearly mortgage insurancc premium be�ng paid by Borroaer whea ihe insurance coverage lapsed or ceased to , , �.
<br /> � bela effect.Lender will accept,use and retain these payments as a loss resenre in licv of mortgage lnsurance. Loss tesen+e . . .
<br /> . Form 8028 919U .. .
<br /> �' �. I �-8RlNE1 uars�.o2 vsoo 3 or s amuer,�. � .
<br /> I . ,
<br /> .� , .
<br /> � � f � .
<br /> . � .
<br /> � �
<br /> :�.;
<br /> �. vr,n+r�,�nae �
<br /> _ ; `_' -_ -
<br /> i �
<br /> �� �- _-°°°----�
<br /> -
<br /> . . . ....... ..... . ... '. ::-�.:r i. . . . _ .,. ,.u-.'.. _ : - ..� _ : . . .. °„-i_.,^r.'��_
<br /> .. . ._ . . . _ _ _ ..._ ._�.,�. _..a�. . .a4^ 4+ ..-r ... ....... . .��.�,� .��..s_.-
<br /> s-.� . ._..., M
<br /> .. . ._ . . . .- . , . . . ..T ... ...._.. x_.' +� a' ..a_... �..
<br />
|