|
�.
<br /> � .
<br /> :r__ .�;�::� . . . . .. . . . ... � c..' ' �.i 'c- -�' _
<br /> �:.:'.. � ���:- ,
<br /> . - '—' ' ' '----�_.-._,.. .. ,,......_._ ... . .... . . .. _._ �_. -__. -� .-.�.-- 'c.='-'-.c -.-�.��- ��.. _ a. _
<br /> .---�---^�-_.__ �- � , . — - — - . � - _ -
<br /> " �-- . ; � �.i- . � ' � .1 `�, . <
<br /> 7 ` F
<br /> :,,,.'_ �_�-�_ ' '
<br /> �
<br /> . �,. . ,. . . -., � �..h.-.,�c ,r�— T'. ¢'�.^ . ��. ,C �a _ �C ?. : — L �. � _ �-L, � '<' ..5
<br /> . , .. �
<br /> . .
<br /> . �'t�� ' .• �.-� a- ` . '. .�.:-.��-.�—'.. '•.�` � ' C .c � �4 t{ �'
<br /> . +�
<br /> F,-`L 4. ._r� y, � t <
<br /> ' '' �.t��r � � � _. . , ' - - � c . r `s` . 'r �� .t ,��� -
<br /> .4'-� `_ _ . ` kc ��t. ,c . `� . � �' ,: �
<br /> � � r_o , -� , ' ,� 4 � C�_ t+ . ` . . . . . _. . � ., a � . ' .4- F ctt` <�t. <:
<br />. � ��t ` , r:< 'r ` -T.t., .. f f .` . � ._ . . !�- . . . �_y ., �i t - � ' ,_
<br /> . _ . . . . , .. `o� . t .• '.� � ` ° , � ' . �'it` � t�. ;�Q `.
<br /> c .. �'. S � (�. .
<br /> . Y' ' ..
<br /> . <<. , ; ,- 98����� . . `
<br />- � 5. E�amr�or �roperiy Insarance. �orrower shall kePp the improvements now exisa or r erected on the � •��f'. . . � ��
<br /> �, ' . ` -� Property ins i u e d againsc toss b y fi r e,h a z a r d s i n c l u d e d a+i t h i n t h e t e r m"eateaded cov e t a ge'and an y other ha7ards. including ',<:; � ^� -
<br /> . °. . ttoods or flooding,for ahich Lendec nequires insurance.'ibis insurance shall tre maintained in tde amnunts an+d for the periods << Q r..
<br /> � �" � tt�t Lender requires. The insurance carrier providing the insurance shaq be chosen by Borrawer subject to Lender s approvaS • �
<br /> � � which shall not be unreasombly withhetd.If Borrower fails to maintain ooverage describerl ahove, Lender may.at �er s . �•
<br /> � _ _��� ..
<br /> k.;:. �,,�,�..�.. option,obtain coverage to protECt Lender s rights in the Property in aocordance with pasagraph 7.
<br /> _ _ _ _ = q1{ insorance policies aud renewals shall be,acceptable to I.ender and shall include a standard mortgage clause. Lender . _
<br /> • ` � s6a1!have the r'sght to hold the policees and mnewals. If Lender requims,Bosrower shall promptiy give ta L e n der a l i receipis of �
<br /> , • paid premiuros and renewal notioes.In the event of loss.Borrower shall give prompt notice to the insurance carrier and Leuder. .
<br /> 1 •-� . ;. Lender may make proof of toss if aot mad�prompity by Borrower. •`,�
<br /> . .•�`. Un�ess Lender and Borrower otherwise agree in writing.insurance proceeds shall be applied to restoiation or repair of the ,. .``'
<br /> • � ' Pmperry damaged,if the restoration or repair is eoonomic�Uy feasibte nnd Lender's security is not lessend. If the reswtation or , .. .
<br /> ��� ` . repair is rcot econom2cally feasible or I.ender's security would be lessened, the insurance prooeeds shall be appGed to the sums , -
<br /> • secwed by this Sea�ity Instrumeni. whether or not then due. witii arry excess paid to&►rrower. If Borrower abandons the �� _- _
<br /> � . . Property, or does w�answer within 30 days a notice from Lender t6at the insurance carrier has offered to settte a claim,then � ; . _
<br /> ' . Lender may cotlea the insurar►ce proceeds. Lender may use the prooeeds to repair or restore the Property or to pay sums =___
<br /> _ • � .�=� "' sec�red by this Secarity Instrument,whether or not then due.The 30-day period wiA begin when the natice is given. —
<br /> ` Unless I.ender and Borrower otherwise agree in wriring. any ayplication of pmceeds to principal shall not extend or _.
<br /> __ � postpone ti�e due date of the monthly payments referred to in paragnphs 1 and 2 or change the amount of the payments. If , _ .�
<br /> . � �Y'� under paragraph 21 the Property is acquired by Lender.Borrower's right to any iasnrance palicies and praeeeds resulting fram _-
<br /> - � �•' damage to the Pruperty prior to the acquisition shall pass to Lender ta the extent of the sums secured by this Security Insmunent � .�
<br /> _-- -�---�. . --�-� immediately priorto the acquisiuon. . ,�
<br /> . �.,:`_ �,._
<br /> • • � 6.OccupaQCy,Pr+eservation,Matntenance and Protection of the Property;Borrower's I.uan Appllcatton;Leaseholds. • , '�--
<br /> � �' `�` Borrower shall occupy,establish,and use the Property as Borrower's principal r�sidence within siaty days after the execudon of � , ���-'
<br /> .,�-:-
<br /> this Security Instiumem and shall continue to occupy ihe Property as Borrower's principal residence for at least one year after . � �'�`"-
<br /> �� �.::.:,...
<br /> - the date of oaa�pancy.unless Lender othecKrise agrees in writiag.wluch consent shall aot 6e unreasonabty withfield, ar unless . :. ,�v":a y
<br /> r,. --_,....i-
<br /> ' . � � extenuating circumstances exist which are beyond Botrower's contcol. 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 defaWt if any forfeiture . • ' ___
<br /> � �. action or proceeding.whether civil or crimiaal,is began that in Lender s good faith judgment coutd result in forfeiture of the . -=�.�.
<br /> �� Property or othe�,i�materialty impair the lien create�C�this 5ecuriry Instrument or l.ender s security interest.Borrower may . -__
<br /> � ' � ' cure such a default and reinstate,as provided in paragraph 18,by causing the action or proceeding to be dismissed with a mling = __
<br /> ,� �� � � thas, in Lender's good faith determinauon. precludes forfeiture of the Borrower's interest in the Property or other material ` •::;L�__
<br /> � � . � �' . , t impairment of the lien created by this Security Instrument or Lende*'s security interest. Borrower shall also be in default if `'=�=-'
<br /> , :•f Borrower.during the loan applecation process,gave materially�false or inaccurate inforn�arian or statemeats to Lender(or failed �•�� _
<br /> �,, '. � _. _., . .�� to provide Lender with any material information)in connection with the loan evidenced by the Note,including,but not limited . --
<br /> �•', �. . ��; to,representacions conceming Borrower's accupancy of the Property as a principal residence.If this Seturity lnstrument is on a ,;_=�
<br /> � ; leasehold. Bomower sha11 wmply with a11 the provisions of the lease. If Borrower acquires fee title to the Property. the „ ,:�,_
<br /> r..
<br /> � � . � leasehold and the fee title shall not merge unless Lender agrecs w the merger in wriung. . ;�::
<br /> � . � � 7.Pnrotection of Lender's lttgl�ts tn the Property.If Borrower fails to perform the covenants and agreements contained in " :a
<br /> " .. � this Security Instament, or there is a legal proceeding that may significantly affect I.ender s righu in the Property (such as a . •�-
<br /> . , . proceeding in bankruptcy,probate. for conde;nnation or forfeiture or to enforce laws or regulations),then I.ender may do and , , __
<br /> � . pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. L.ender's actions may , - -
<br /> '", ' include paying any sums secured by a lien �vhich has priority over this Security Instrument, appearing in court, paying . ,, —_
<br /> ' - ' reasonable anorneys'fees and entering on the Property ta malce repa+rs.Although Lender may take aaion under this paragraph .,.•--_
<br /> N. ..
<br /> • :;.�r 7.L.ender does not have to do so. . •
<br /> ' . Any amounts disbursed by Lender under this parugraph 7 shall become additional debt of Borrower secured by this
<br /> • ;�• . .:
<br /> � . � �� • ' Security Instrument. Unless Bonowcr and Lender agree to other terms of payment. these amounts shall bear interest from the � � �
<br /> • �� date of disbursement at the Note rate and shali be payable, with interest. upon notice from Lender to �onower sequ�sting ` �
<br /> . . . � i payment. ' '
<br /> , , t 8.NYortgttge Insurance.If Lender required mortgage insurance as a condition of making the luan 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 /> . .4� mortgage insurance coverage required by Lender lapses or ceases to be in effect,Bosrower shall pay the premiums required to . '
<br /> , ,; obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivstlent to the
<br />_ �' cost to Borrower af the mortgage insurance previausly in effect, from an alternate mortgage insurer approved by l.ender. If :
<br /> • j substantially equivalent mortgage insurance coverage is not available.Borrowe*shall pay to Lender each month a sum equal to . ;
<br /> i one-twelfth of the yeady mortgage insurance premium being paid by Borrower when thc insurance coverage lapsed or ceased to
<br /> • be in effect.I.r:nder will accept,use and retain these pLyments as a toss retierve in lieu of mortgage insurance. Loss tESCrve
<br /> - Form 3028 9190 . .
<br />, " � � � Pepo3o�6 ' * . =�� --
<br /> "�1 .
<br /> ,. . � ,
<br /> .:
<br /> .
<br />- �� . .. - � ' . - . . . . . . . �� . . - . • _ �
<br /> . .
<br /> . , , . .
<br /> ' ._.___'___.'_-� ___._. ... _ _ ' _ . . . . .'_ __ . _ '._'_ . ..__... __.. ..-_--. —_ . _ - .. _ . . . _._ '_ .- ' _. - -�__- .—_ _ J __.
<br /> .. � L_ •
<br /> ' ' ' , ... . .. . . ' � �• . . �l • • •teJ"'�.ri����� ���r..�:._ _. -.
<br /> j 1 . .
<br /> _"� ` �1 . ` .� i.:..a.._.:.i_ 'i"_.��_-;lo..r.:....:��,o.....:...�:u�-as.+�t�t'v.°�';':�l:-i.^ -� � �_ _...._
<br /> �' ' .,.- ' •.. .- - • . . . � . ' .
<br /> :
<br /> �y ...
<br /> , �. .. -_ . -'.
<br /> [' _ `.�Sru+�_'r�v.�'�.y'.' _,_. ._.._.�., . ;r..r..r '°'-s.::. . _. � . � . 3. . � . '�.0 .. .r. .! .. � �� � t ., -�
<br /> ��. . .w��...�...__ . . . . ��; .,,,
<br /> '� ... .
<br /> .
<br /> " .,.� ,-,� a•_._.._ �e.• . .
<br /> „ . �.��, . �— _._ _. ... _,. . ;z%,--,..,�.. �,... �_ ,?, i�- --!• ,.. � . . _i...� �.-�+.< },;,-i:'#•.-s-,�.y_-�� .�:•' .
<br />
|