|
...p-.— . . ., c .�t_ u,s��. ..�.:��.........- ..��....-., .� -� �.-r -
<br /> . .. � . ,
<br /> . � - .� _ . ... .. --- - � ._.
<br /> --•—r--- - -` --`-.- . . — — -— - -`_` — ` �z .: .- -- - -
<br /> .. .<.��. , . ,r�_<< �� ,tl' �r . ... - ' ` ,, r • v �-y; "�'�
<br /> � : . < �
<br /> .. _� ._ .. � .' . 4. z o- _ _. , ,_ _ ' �� . 6 r �c. . . S _ � _ '�`' -,
<br /> . fr : - .. . � � ' . . f � . � . ` _ • � ' ,t� . .� � , `:f -�'= � .
<br /> � . - ;� . ' - k t: _ ' . . ' . �" �<,'' , � ` . � ` c . . . ' . 4 .
<br /> �. ( t,�.. t �.` ` . ... , .-'�.,'t� . • 't' , `, - t" ,. C< < ' , � e'. . ��� ' `��,c.
<br /> _ -'�' �-- ,.. � -. . . �°� ` � • � . � . � . . � � ,r � • � ~� � �� � - - � . .. .. - _ . ` :r�` � .
<br /> ` = . _` . � r. . ' .1r , • • . ` ' � i ` ` ' , • [O�• � , . .. a:!` � F44, p„�� � , , .`Y� .
<br /> .- . y. �. ._..._ . . � ) o�. Y �.. _._ � Y '1�". .
<br /> . :�� ; - .<. .
<br /> c-
<br /> _`t � �_ - �. . I �. ` . .
<br /> . `,` �•� 5. Hazard or Progerty Lisuranoe. Harn�wer shall &eep ihe improvements now eaisang or hereafcer erected on the : ' �
<br /> ` Property insured against loss by fire, hazards included within the term "extended rnverage" and any other hazards, including � ;` ;;4��':
<br /> , : < �' `'.`� flaods or tloading,for which Lender requires insurartce.79tis insurance sha10 be maintained in the amounts and for the periods� • ••��: �`°�
<br /> `�` �1�. . ;t�;, ;�:�� that Lender requires. The insurance�rrier providing the insurance shall be chosen by Borrower subject to Lcnder's appmval� ��� ',��, �'-h
<br /> ' • --;;.::e,.'-': � which shall aat be unreasonably withheld. If Bormwer fails to maintain mverage describ e d a b ove, I.e n der may, at L en der's � � • ,` ` "
<br /> - �'� � option,obtain coverage to protect Lender's rights in the Property in accordaace with paragraph 7. � � . • �;.
<br /> - - All iasurance poficies and renewals shall bc acoeptable to [.ender and shalf include a standarei mortgage ciawe. Lender�" r.'� `��
<br />: :� ��.�". ' � f shall have the right to hold the policies and renewals.If Lender requires.Barrower shaU promptly give to L.ender all receipts of� r:���'� .��=�< '.t
<br /> _ ° � paid premiums and renewal notices.In the event of loss,Borrower shall give pmmpt notice to the insurance c�rrier and Lender.� �' " � � >�`
<br /> �� . Lender may make proof of loss if nat piade ptnmpdy by Bornower. � cJ • �.
<br /> - -: - �� .. Untess Lender and Borrower otherwise agree in a+riting,insurance pmceeds shall be applied to restoration or tepair of the� ` •
<br /> . • ` '`�•: Praperty damaged.if the restoration or repair is economirally feasible and Lender s securiry is not lessened. If the restotauon or - ___
<br /> � _ ` repair is not economirally feasible or Lender's secnriry vrauld be lessened,the insurarsce pmceeds shall be applied to the sums • .� -
<br /> - ' ' secured by this Security [nstrument, whether or not then due, with any excess paid to Borrawer. If Borrower abandoas the �.��'�' ','��' _
<br /> Y,s � � ' -_ Property,or does nut answer within 30 days a notice fmm Lender that the insurance carrier ttas offered to se,ttle a claim,then '.. ��' ;_.�..._
<br /> �E� ` . I.ender may coUett the insu�ance proceeds. Lender may use the proceeds to repair ar restom the Property or to pay sums � —
<br /> - - i secured by Uus Security Instrument,whether or nqt then due.The 30-day pexiod well begin when the aotice is given. •:_�. •� .'.�::
<br /> ' , ' �`�` Unless Lender and Barrower otherwise agree in writing. any application of proceeds to principal shall not extend or . _
<br />-- ` ��'' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If . _—
<br />�J' ` . .. �. � under paragraph 21 the Property is acquired by Lender,Borrower's right to any insurance palicies and procezds resulting from --
<br /> -- ��"'1� damage to the Property prior to the acquisition shatl pass to Lender to the extent of the sums secured by this Seauity Instramert . • �=�°
<br /> . . -� - c-.. immediately prior to the acquisi6on. • "'�
<br /> � .` 6.Occupancy,Preservadon,Maintenance and Protectfon of We Praperty;Borrower's Loan Appltcatton;I.easehotds. ' �L.
<br /> <�;.r ` _ . ` ;;.`' Borrower shall occupy,e.�tablish,aad use the Property as Borrower s principal residence within siary days after the eaecution of '',_�;_ `?���`
<br /> � � this Security Inmument and shall continue to accupy the Property�Borrower's principal residence for at least one year after � r'"-'•' - -
<br /> -• - . '- .- the date of occupancy.unless Lender otherwise agrces in writing.which consent shall not be unreasonably withheld,or unless . .. � -
<br /> �'. „ • _' � . extenuating circumstances exist which are beyond Botrower's conuol. Borrower shall not destroy, damage or impair the ' ��_.�-
<br /> - �� '.. Property.allow the Property to deteriorate. or commit waste on the Property. Borrower shall be in default if any forfeiture •;�.;�
<br /> ��'f' � • �•�, action or proceeding, wh°..iher civil or criminal.is begun that in Lender's gaod faith judgment coutd result in forfeiture of the • ?� —
<br /> -: � � � , Property or otherwise materia}ly impair the lien c�eated by this Securiry Instrument or I.ender's security interes� Borrower may ' -_—
<br /> � � •,� cure such a default and reinstate,as provided in paragraph 18.by causing the action or pmceeding to be dismiued with a ruling .���...
<br /> . " ' � that, in Lertder's good faith determinaiion, precludes forfeiture of the Borrower's interest in the Property or other materiat .., +w�,,
<br /> ' impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br /> £ ' � • Borrower,during the toan applicatian pracess.gave materially false or inaccurate infomiation or statements io Lender(or failed "."+' ''''�
<br /> : : ` "-;'�.-...
<br /> - �- � -� to provide Lender with any material information)in oonnection with the toan evidenced by the Note.including.but aat limited � �'—
<br /> , . to.re resentations concemin Borrower's occu an of the Pro e as a rinci al residence. If this Securi Insuument is on a ' �' ��'
<br /> P P P �Y P nY P P �Y '� . "��-
<br /> . leasehold. Borrower shall comply with all the provisions of the lease. If Bonower acquires fee title to the Property. the °,�!;�=
<br /> , . _ leasehoid and the fee title shall not merge unless Lender agrees to the merger in writing. . "�m_
<br /> . • 7.Protectton of Lender's Rtghts in the Property.lf Borrower fails to perform the covenants and agrcemenss contained in +� � ' �
<br /> "�` , ' ' this Security Insuvment,or there is a legal pmceeding that may signifrcanUy affect Lender s rights in the Property(such as a `�'`�`�''�•-
<br /> �� �' • . . proceeding in bankruptcy.probate.for condemnation or forfeiture or to eaforce laws or regulauons), then l.ender may do and '::�=''•
<br /> �:- . pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lendes's actions may, . �: —__
<br /> - . . . . include paying any sums secured by a lien which has priority over this Security Instrument, appearing in wurt, paying =.
<br /> � � � reasonable attomeys' fees and entering on the Property to make repairs. Although Lender may take aciion under this paragraph � � � ' ��"�_x���
<br /> i'.�; . _ �� 7.l.ender does not have to do so. � --
<br /> . • •. Any amounts disbursed by l.ender under this paragraph 7 shall become additional debt of Borrower secured by this .•,•; _
<br />_ Security Instrument. Unless Barrower and Lender agree to other terms of payment,these amounts shall bear interest from ihe . .-. ,
<br /> ` . ' . � date of disbursement at the Note rate and shall bc payable, with interest, upon notice from l.ender to Borrower requesdng � '
<br /> � payment. ' � �
<br /> ', .�. � S.Mortgage Insurance.If Lender required mongage insurance as a condition of making the loan secured by this Security • .
<br /> , _ Instrument, Borrower shall pay the premiums required to maintain the mortgage insurance in effect. If, for any reason, the � ;:`. ;'
<br /> mortgage insurance coverage required by Ixnder lapses or ceases to be in effect.Borrower shall pay the premiums required to • . `
<br /> • � � obtain covera�e substantia0y equivalent to the mortgage insurance previously in effect, at a cost substantiaUy equivalent to the � � . .
<br /> � . . ; cost ro Borrower of the mortgage insurance previously in effect, from an altemate mortgage insurer approved by Lender. If ... � ,
<br /> � ' . , . substantially equivalent mortgage insurance coverage is not available,Bonower shall pay to Lender each month a sum equal to , '
<br /> one-twelfth of t6e yearly mortgage insurance premium bcing paid by Borrower when the idsurance covcrage lapsed or ceased to �.
<br /> • � be in effect. Lender will accept,use and retain these payments as a loss reserve in lieu of mortgage insnrance. Loss reserve
<br /> ��.::.
<br /> � ; Form 3028 9190 � � �
<br /> .•-�.. � Papo 3 of 8 -. ' -
<br /> i '
<br /> . � . . � � ,�� ' .
<br /> .
<br /> . . •� . .
<br /> •.. ' ! • .
<br /> " • ,�
<br /> .. . ,
<br /> � . • � � . • . . . . _ ,_ . , . . . • • . . • . . '
<br /> `...< . � . _ • . • . � . .
<br />-�. . . , - � . . . � - . _ . � �. �. ' . �
<br /> �� . ' - . , . . _
<br />� • � • �'f.. z �<• ''t'�:til }+. fl�'t^!'t:4�>^t_i h..x�"';tr`t'y .� T.
<br /> _
<br /> , ..� . . . �'_ �. '•' .. � ..! :-:ti '..'!t. .1� •' v•���. `•.,t' .' •`$•. �S � ��.:5._ td •Yi�• 1`>`:'�1 _
<br /> . . .... . '. .
<br /> .. . . v
<br /> .�.�1.. � .1:'"'L.'::.......__:�'�:�'.:.,..j.':'.::.: .ifi'...'.t.3�:�! ....!':..-�1-__:'.:�:��'JL.:!'.'.. .t,a.J:. :.. .:..
<br /> .. . ... . . . . . . ..!'.� . .� �.a..�... ..... .. --.
<br />
|