|
. _. , . ..
<br /> __ _ �.
<br /> _ ,, _ ... _ _ __ _ _- _ __ _
<br /> ----- � - - :. . .-!- --- - -- --,-, - . ---- _ _.. , � _ . � � �__
<br /> � . . . � . . � , , .. �,.
<br /> � —' ...�_-�__-__.__._------ • .. � ._. . � ' .. . .. . .ti.. .. __._ . .-- �—�-5�-�--._._.__` . � . , ,. . ' }' � _
<br />- -- --�-
<br /> ---_._- - --�--- .���--
<br /> � � 97- �.1��54� , . �.'.
<br /> 5. Iteturd or Prupert� Insurunce. B��rrnwrr .h:�ll I.eep thc �►npru�cmrnt. nu�� r�i+un�. ur hrrr:aitrr rrectc'�i ��n thr ' , r�
<br /> Prupem in.ur��l again+t lu,+h} tirr. h,uar�i. �nrluded «uhin thr tenn "�tten�lctii c���ers�:�" an.i am ��thrr h;uard., incluJing ' , .. ,. �"
<br /> � , fl��uS���r tluuding, t�+r t�h�ch I.cn�rr rryuirc, �mur:uirr. Th�. �nwraarr+hall hr numtain�d in thr amount,3nJ ti�r thr penud. � �� � " ;�_�a-
<br /> tha� l.�ndrr rryuir�y. Thr inwr:uicr�arri�r pru.iJing thr m�ur�nrc�hall he.hu,rn h} Burr«��rr +uhjrct tu L�ndrr'ti 3ppro�al ' � � --
<br /> ahuh .hall nut he unrca�otwhh «ithhelJ. IC B��rren��r Fail. tu mamtnin ru�eragr dc��rihctl abine. LcnJer may. �t LenJer'+ �4 . � . . --_
<br />'' � ��puun,uht3in ru�erage tu prutrct Lendrr',right.in the Pru�terty in acrurJance with par�graph 7. '„ - ,
<br /> �. AII in.ur.�nce pi�lici�� anJ renewsl� .hall he arreptahle to l.�nder and.hall mrludr a.tand:ird murtg:�e rlautie. L.ender ' �. .
<br /> °�ti ,iiall ha��r tfir nght t��h��IJ the palirie.and reneual�. If Ls�nder reyuireti.Burroaer tihall promptly gi�•r tu l.rnder all rereipt�ot . ' , ���.-
<br /> ".--. paid prrmium+and renr�4al nutice+.In the event ut lo.,. Barre�u�er,hal l giti r prompt notire to the ir►sur.uire��arrier and Lender. " -. - - -- - v�"
<br /> •• Lender may make pmuf uf lu,.it'not made prompdy by &�rro�eer. � , ' �
<br /> • Unles+Lc:nder:uid Borrower otherwi,e sgrc�in wnting. insurance proceeds shall be applied to restoratiun or mpair of the , � ' - �
<br /> , . Property damaged,if the reytor.�tion or repair�s eronomic:Jly f�ible and Lender's security is not lessened. If the restorateon or � ,. � ��. �
<br /> �}. repair ii not economirally feasible or Lender'� .ecurity would Be IesseneJ, the insurance pmceeds shaU be applied to[he sums • � _ - '��_`�
<br /> ' �� secured by this Security Instrument. whether or not then due, with any excess paid to Borrower. [f Bormwer abandons the • �,.��;°� =
<br /> Property.or does not answer vrithin 30 days a notice fmm Lender that the insurance carrier has offered to settle a claim. then � .;�� ' '
<br /> ,. Lender may collect t6e insurance proceeds. L.ender may u.e the proreeds [o repair �r resrore the Property or to pay sums . "'}''y°��=.�+n�
<br /> � : secured by this Security Instrument,whether or not then due.The 30-day period will begin when the notice is given. � '"'"~"�',�,
<br /> , Unless Lender and Borrower otherwise agree in writing, any uppliration of procceds 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. Cf �. Y • ,���'.=:t"':=;.,— �
<br /> urtder paragraph 21 the Property is acquired by I.en�er, Borrower's right to any i�uurance policies and pmceeQt resulting from ' _ _ � t
<br /> damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument �i` ``-
<br /> -''� ` -
<br /> immediately prior to the acquisition. �i:'�'_.�.=�". °°
<br /> � 6.Occnpamy,Preservation, Maintenance and Proteciion of the I'roperty;Borrower's I.oan Appliratton; Leaseholds. - � � '��'`�
<br /> Borrower shall occupy,establish,and use the Property as Borrower's principal residence within si�:ty days after the execution of ` ,
<br /> . this Sr,curity Instrument and shaU continue to occispy the Property as Borrower's Principal residence for at least one ye.ar after ;.` _: �;�::—
<br /> the date of occupancy,unless Lender otherwise agre�s in writing.which consent shall not be unreasonably withheld,or unless �.��' �'-�� ,a ��
<br /> extenuating circumstances exist which are beyond Borsawer's controL Borrower shall not destroy, damage or impair the �"'�<
<br /> - � Property, allow the Property to deteriorate, or commit waste on the Property. Barrower shall be in default if any forfeiture 1,�;,.� , !
<br /> action or pmceeding, whether civil or criminal,is begun that in L.ender's gaod faith judgment could result in forfeiture of the � F"' ,;;:�'` >. -
<br /> �� • �1-
<br /> : �: Properry or otherwise materially impair the lien created by this Security Ins�rument or Lender's securiry interest.Borrower may �}:� �°•
<br /> cure such a default and reinstate,as provided in paragraph I8, by causing the action ar proceeding to be dism.e��d with a ruling � R��
<br /> . that, in Lender's good faith determination. precludes forfeiwre of the Borrower's interest in the �P�-r,pe,-ty or other material 'r� `�`;`1 �`^�
<br /> .�,r
<br /> impairment of the 1'sen created by this Security Instrument or f.ender's security interest. Borrowe-shall also be in default 's` " i� :� ,..-
<br /> Borrower,during the loan application process,gave materially fafse or inaccurate information or s:a:ements to Lender(or faile� ;;r;��:,a{ ' �;.,
<br /> ' ' to provide Lende-with any material information)in connection with the loan evidenced by the Nate.including,but not limited • ' °' '. -�
<br /> [o,representations concernin�Barrower's occupancy of the Property as a principal residence.If this Security lnstrument is on a ��5. ;.
<br /> : � leasehold, Bonower shall comply with atl the provisions of the lea�e. If Borrower acquires fee title to the Praperty. the
<br /> • ' leasehold and the fee title shall not merge unless Lender agrees to the merger in writing. #'"_.°��,
<br /> �" 7.Protecilon of Lender's Rlghts In the Property.If Borrower fails to perform the covenants and agreements contained in ?�
<br /> �. this Security Instrument, or there is a lzgal proceeding that may significantly affect l.ender's righu in the Property(sueh as a • � � ` '
<br /> �:.�.:.�.
<br /> proceeding in bankruptcy,probate, for wndemnation or farfeiture or to enforce laws or regulations),then Lender may do and • `:'-"�•
<br /> � � pay for whatever is necessary to protect the va'ue of[he Property and Lender's rights in the Property. I.ender's actions may -- - -----
<br /> include paying any sums secured by a lien which has pc•iority over this Suurity Instrument, appearing in court, payi^a � -�
<br /> reasonable attor�eys' fees and entering on the Praperty to make repairs. Although L.ender may take action under this paragry�i� "-
<br /> 7,Lender does roi have to do so. �.��_,'= _-�
<br /> ' Any amounts disbursed by Lender under this paragraph 7 shall become additional debi of Borrower secured by this '' '��"�
<br /> Security Instrument. Unless Borrower and Lender agree to other tertns of payment. chese amounts shall bear interest from the �•��-=�'� , .
<br /> .. . date of disbursement a[ the Note rate and shall be payable, with interest, upon notice frorn Lender to Borrower requesqng � !
<br /> . � �
<br /> �'i,:` payment. '• . �..
<br /> ' : � S.Mort;age Insurance.If Lender required mongage insurance as a condition of making the loan secured by this Securit3� „�z -. r -
<br /> , � Ins*.svment, Borrower shall Qay the premiums required to maintain the mongage i�surance in effect. If, for a�y mason,the •`�-°' °
<br /> ? mangage insurance coverage required by Lender lapses or ceases to be in effect. Borrower shall pay the premis;ns required to '�. �"�°'�';'��'��•�"
<br /> .��.T.:i.,..�,.....
<br /> obtain coverage substantially eyuiv:ilent to the mortgage insurance previously in effect, at a cost substantially equivalent to t4e ' �:,�:,,�,�,�_
<br /> . : :.,: L----s- ..
<br /> . ' cost to Borrower of the mortgage inturance previously in effect, from an alternate mortgage iars::e�r approved by Lend�. ;_° #� �"``
<br />. �.�. 'F�,.,,:�
<br /> , �• substantially equivalent mortgage insurance coverege is not available. Bnrrower shall pay to Lender each month a sum equal:a Y-.� . •• .
<br /> � one-twelfth of the yearly mortgage insurance premium being paid by Bortower when the insurance wverage lapsed or ceased to , ••��
<br /> . ;� . ._ �.=:1•l:u,.. . •. �,
<br /> be in effect. l.ender will accept,use and retain these payments as a loss reserve in lieu of mortgage insurance. Loss reserve
<br /> . s �`•`�°�?�^ •
<br /> Form 3028 9;� . . , ;�y„'' .
<br /> . Pago 3 0l B . '� � �--�
<br /> _. �. : � .� .�.'°.
<br /> . „ " • �.
<br /> ' . . ... �—_... ..._...��.._�_ . � . ���' � �. � -A- .� .___.. , . -. � ' . . . ' . , . . . ... ...s -
<br /> _ _ . . . . .. . . � . . • � " . � . . � .t'.. _
<br /> _ . . � - _ ' ., • .. - . ' . �
<br /> . . !.
<br /> .---.__�_,,. . .. .. . .. . . . . . .. . _.. .._.._ .. :.. . . ,.. . . . .._. "_ ""__ _..�_. ' ' ___ -._._'—"—'_—'—"_'r--:—.----__-_ ,�__,
<br /> . . . ' .. ' • - . � � . - . : . , ' � . .. _ —_ '
<br /> ' ' ' ' ' ' ' ....�. .. ' . � . �• . � - . ' .. "_._. . .._..'___ .•'� '_.
<br /> �. , ''�_.� ,. '' ' !� .i.. ' .' • - � i" • ' ' }. � .
<br /> .. � . . . _ . _ . . . . . u .
<br /> ... . . . . � � . . ._ - ,
<br /> .. .,
<br /> . . . � . . . . .. .. .:. .. - . � .
<br /> .•
<br /> . . _.
<br /> ,. �
<br /> . ., _ ... -. . . . .. . ..•. . _ . .
<br /> .. .
<br /> .
<br /> . . ;..
<br /> � . . . . . _ . � . ,. � - .. . , . . . ). _ . . .. . . . . .�c••i: .. .. - - - • - .. ,�. . • _ . . . ..,.., ... . .. . . _ ..
<br />
|