|
;.� _ , .r .
<br /> - — .��, �'..� �,� -�
<br /> . _ . . ,
<br /> R_ . . - — --
<br /> --,—�-- , . �. - - _-�_. . .__ . _: . :.. - — - -.—
<br /> ' , , - ._ �._ . _ ` `. ` , � . ' ' _ . - _ _ , -` �4 . ,,s.
<br /> _ . ._ .. - �< . . . .. . . , ..... , . � . _ _ , _ . -
<br />. .`. . . C•• . � - . - , .. . . � `� ' . . ` . ` ' i . . . . , • ` ' ' .. ._ , .1 L4` �_.
<br /> ':! . ( '(. �, ' ' ` ' . , _ � C i` ` `. . � - . . � . . ` t ` .` • ' ` � Y( .. , c .tc .
<br /> - . . `' .�_.�..�_.. • . ..._. __ . _ �,f._�.�..-.�.._,, —. __ ` .. .."" '_...>>.—�.��___–"'_ ' '" ' _�'__..... ..._ n–.�.Y.. l ._ -. � 't . _
<br /> . ` ' . �
<br /> ' � • f - .._ . L.
<br /> t , } , '
<br /> S.Ha�rd or Property Ins�auce. Borrowra shatl�the impcoveme.nts now existing or hereafter erect�on the Property : .
<br /> � . , � ias�red against loss by fire, 1�zards uuluded wit6in ihe tetm"e�atded cavelage" and�any ather ha7ard.�.including floods or - . . . .
<br /> tiaoding,for wtrich Lender requses ins�uance.lbis ins�uaace shall be ma�mu►ed in the amounts and for the periods that Lander� . . .
<br /> iu
<br /> , .. _ requQes.'Ihe iruivance carrier pmv�iding the;,,�+�rce shaU be choseu by Bormwer subject m I.end�'s appmval which s6at1 not� - , . �
<br /> ' - � —� be anreasonahly withheld. If Borrower fails tn mau�rain ooverage descrcbed above,Lender may, at Lender's option,obtain / . . .
<br /> < wveiage to pmtect Lender's rights in the Properry in accoNance with patagagh 7. � - .
<br /> .. All insvrance policies and reaewals shaA be acceptab2e m Lender and sball include a standard mortgage clause.Leader shali C � - ,
<br /> .. have the right tn hotd the poliaes and ceaewaLs.If Leader reguses,Bonowea shall pmmp8y give ro lx,uder all receipis of paid� � �s�.
<br /> �`� ' � premiums and renewal uotices.In the event of loss,Banowea s6aII give pmmpt norice w the insurance cffirier mid I.ender.Lender� . _', '_ `' ,;.,
<br /> - • ma y make p r o of of los�s if not rnasle promptly by Barmwer. . -. .£.��.� :`.`�;
<br /> . . . Uatess Leada and Borrowa otherwise agcee in wririag,insurance pmceeds st�all be applied tn resWretion or repa�of the� . .
<br /> a ee �
<br /> . �F�Y�ged,if the nswration or repair is ecaaomicaliy feasi'ble and Lendec's sac�uity is not t e s s e n e d.lf t he resrrnation or ;r .
<br /> , . ; .L �.,,•�
<br />: � iepas is not economic�aily feas�2e or Leadea's secwity woWd 6e lesseaed.the insurance pmceeds shall be apptied w the sums ' .. �:<.� � .. .-
<br /> - • Eec�ued by this Security Insuument, whether or not tIlen due, with any excess paid to Bonowea. If Borrower abaadons the , '�`; � ��-
<br /> ` Propaty.or dne,s not answer vrithin 30 days a aorice&om Leader that the ins�aance catrie,r ha4 offered w seuie a claiw,then � .�t:;>:, :
<br /> s.� Leffier may collect tbe iasurance praceeds.Lendca may use the psoceeds w�epair or restore the Property or to pay sums secured .
<br /> �% ' ° bp ihis Secu�inr Ins�ment,whether or not then due.lbe 30-day perind w�l begim when the notice i�givea. . . . .
<br /> ���� , : ' Unless Lendec and Borrower athetwise agtee m writing,aay applic�n of pmceeds to principal sGall not eactend or postpone ,
<br /> '� ` , ' ' the due date of the monthly paymeats refe�ed w ia paiagiaphs 1 and 2 ar change the amonnt of tAe paymemts.If under paragraph • . _
<br /> '�_.. 21 the Propeaty is asquired by Lendea,Bomnwer's right to any insurance goHcies and psoceeds resulting fmm damage to the r;"__
<br /> _;�. ' ;-� �P�Y F�r to the acquisition shall pass w Lender to the exteat of the sums seaued by this Secacity insnnunent immediately _ : ' `'=�
<br /> :;. �priorw theacquisition. _�
<br /> t:' ' 6.Occupancg.Preservation,Maintenance aad Frotecbton of the ProPert9; �ormbver's Loan Appttcatton;Leasehotda . � �-�i��:...
<br /> � �.'��
<br /> =`� Bonower shail oocupy,eslablish,and use the Fmpeaty ag Bormwea's priaapal residence wi�siaty days after the execution of . ;�;,:-=
<br /> . ..� . . � . this Security Instrument aud sdall contmae to occugy the Pmperty as Borrowea's principal resideuce for at least one year after We _ ;.���--.
<br /> • `,''� date of occapancy. �nlesv I.ender otherwise agcees iw writing, which oonseat shall not be anreasonably withheld, or imless • �..�ra�':
<br /> .�', extenuatin cincwnstances exist whic6 ate beyond Bosrower's control.Bosrowcr sdaU uot desuoy,damagc or impair the Property. .4_, _..
<br /> . � ¢�
<br /> � allow the Pmperty Lo dete�iorate,ur commit waste on t6e Propercy. Boaowea shall be in default if any forfeiwre action os '';,�� �
<br /> . . ' pmcee�►g,whether civ7 or criminal,is 6egun tLat in l.ender's gaad faitb judgme�nt could result in forfeiuue of the Prope:ty or �'
<br /> ..�,,�
<br /> , . . otherwise mateaially impair the lien creaied by this Seauity Inco�vm�t ar Lendea's sec�uity�terest Borrower may aae such a • _ -
<br /> t •�
<br /> ' .; defantt�d reinstate,as provided�paragcaph 18,by causing the actian or pmceedmg w 6e dis�nissed with a ral�g that,in . `:a�"-:
<br /> �• Lenda's gaod faith deteamina6on,precludes forfeiwre of the Borrower's inte�est in the P,rope�Ryr or othea mateiial impaizment of � . �-�';-
<br /> � � .? the lien created by ttus Secnrisy Insorumem or I.endea's semrity iate�rest.Bormwer shall also 6e in defaWt if Bormwer,during the � '�°-�'
<br /> -`.�.. � . •i loan applicaiion prace�,gave materiaUY false or inascurate infom�arion or statements w L.ender(or failed tn provide Lender with �. __
<br /> '� any mateaial infonnatinn) in connectton with the toan evidenced by the Note, inciuding,but not limited w, repsesentations -�--�
<br /> of the Pro resid�ce.If tUis Security Instrument is on a leatehold,Bomower ��
<br /> � conceming Boirower's occuPa�►c5+ P�Y�a P�� is �. r�:.
<br /> � ' shaU comply arith all the provisions of the lease.If Boirower acquires fee dde W the praperty,the leasehold and the fee dde shall . �: : .•�•-
<br /> ; , .' �':_
<br /> .• not mage unless Lender agrees tn the merger in writing. . "::`�;�_:
<br /> • . 7.Pr�atec�on of 1.ender's Rigdig in the Property. If Bonower faiLc tn perform tbe covenants and agreements contaiaed in :•*=
<br /> . ;;�_µ,
<br /> � ttsis Securiry In.�tcument ar there i�a legal proceeding that may significandy affect Leaidea's rights in We ProPem+(such as a „ . ,�.
<br /> Lea
<br /> _ .'� proceeding in bani�upccy,probate,for wnd�on or forfeimre or to enfonce laws or regutatians),then Lender may do and pay , _. : .
<br /> for whatcver is necessary to prote,ct the value of the Property and Lendra's rights in the Yropemrty.l.ender's actions may include �`
<br /> ' ,.';� � Val+ing any suma secured by a lien which has priority over this Security Insuament, aPPraring iu court,PaYing reasonable ,��:°-.:
<br /> ' . .. {, sunmeys' fees aad enteamg on the Property to make repairs.Althoug6 Lender may take acdon urtda this parag�aph 7,l.endea '�''"�`'--
<br /> �.�, . ' ' does not have tn do so. - :
<br /> . My amounts disbwsed by Lender undcr this paragrapb 7 shall become additional debt of Borrowea secured by this Security . :�
<br /> ' ' InstNmenl.Unless Borrower and Lender agree to oiher terms of paymcnt,these amounts shali bear intaest from the date of
<br /> , disbursement at the Note rate and shaU be payabte,with interest,upun notice fmm Lender to Borrower requestinng paymen� - ,
<br /> � � . � 8.Mortgage Iasuraace. If Lend�required mortgage insurance as a coadition of making the loan secured by this Securiry . . . . ;,�
<br /> � Inswment, Borrower shall pay the premiums required co maintain the mortgage iasur�ce in effect If, fur any reason, the : ' .. .
<br /> . , � martgage ins�rance coverage requireA by LeAder lapses or ceases to be in effect.Bomower shall pay the premiums requirad to . ,. .
<br /> obtain wverage substanriaUy equivalent w the mortgage insvrance prevlously in effect,at a wst substantially equivatent to the
<br /> � � � cost to Borrower of the mortgage insurance previously in effect,hom an altemate mortgage ins7uer approved by Lender. If � � � ; ,
<br /> substantially equivatent mortgage insurance covecage is not availabie,Borrowca shall pay w Lender each month a sum equal to
<br /> � � �. � oa�nvelfth of the yrarly mortgage insurance premium being paid by Borrower when the insurance coverage lapseA or ceased w • �.
<br /> f be in effect. Lender will accept. use and retain these payments�s a loss reserve in ltcu of mortgage insivanee.Loss reserve
<br /> .� Form 8028 9r9a . :
<br /> �•8R(NE�Ig2tz).ot Papo 3 019 inn�aia:
<br /> �
<br /> ,. �
<br /> � • . ' , . . -
<br /> ��i . .
<br /> r . . . � � � . • . • .
<br /> . � ' �' • • ..1� �: . � . �q�' ';t�.� %i^r„i^���7`�• :'v'r.'`°.1'�C,'•t,x .S .iY ��..� L„ -
<br /> • .
<br /> . ., . ..
<br />. . . . _... ._' _' ' . ... _ _.. .. ... .... ... . ... .. ._..... . . _ _ . . ._ ..___. . .. . .... .. . . . . . .. .. _ .._ .i ... ..n ._ . . ..� . .
<br />
|