|
. , ..'. , � . .c � ' . • . , ' . . .�. ' � ' • , - .
<br /> . . . . , � _.i..v._�—"
<br /> �---�—' - . _ .. . . ..
<br /> . .__ _��.:..___.-- -- . . .�._ . .. . �� _-: ' -- —- - - - -- —
<br /> --- -- . � -� - . . . . . ..
<br /> _ _ � . `. _ . . . . . ', "-- - .- —�-r'--__ . —- ._._- . . --
<br /> ��. • : � , • . . � . . . . -��
<br /> ` . . _ . � ` .., ....,.._.. �. _ ....__ ' . . � , y`'•
<br /> ,. � . . . - . i a . ;
<br /> � RE•REC R k " � � : _
<br /> ��'-�.O��J 96- 3�S'`?�'6 � �.
<br /> . 5.tla�ard or Property Insurance. Borrowu shall keep the improvements now existing or hereafter erected on the Properry ' ,. . _
<br /> insured against loss by fuc,hsizards included witl�in the term °eaccended coverage" and any other harards.including Aoads or _.
<br /> z
<br /> Aooding,for which Lcnder requires insucancc.Thu insurance s�a11 be�►����e�ounts and for the periods that Lender , �� : .
<br /> requires.The insurance carrier providing the insarance shall be chosen by Borrower subject tn I.ender's approval which shall not '. , -
<br />� be unreasonably v,ithheld if Bonower fails co mainiain coveaage described above. Lender may, at Lendei's option. obtain , • . , _
<br /> covaage[o protect Lender's rights in the Propec[y in accordance with paragmph 7.
<br /> pli insurance policies and renewals shaU be ar,ceptable to Lende,r and s6all include a s�►dard mortgage clause.I.endea shail ; .
<br /> 6ave the right to hold the policies and reaewals.If Lender requires.Borrower shall prompdy give W L,ender all receipts of paid : ' . . .,a.
<br /> � premiums and renewal notices.In the event of loss,Borrower st�a1.1 give prompt aotice tn die msurance canier ar►d LeAder.L.euder � • , - �°�
<br /> .. � may make proof of loss if not made gromptly by Borrower_ � .. .
<br />, .' Unless L.ender and Bdnower otheawise agree in writing,insurance Proceeds shall be applied to restn:arion ar repair of the � ��y --=
<br /> ; property damaged,if the restoration or repaa is economically feasi'bls and I.ender's s�urity is not lessened.If the restarauon or t `•-
<br /> � repair is not economically feasi'ble or Lender s security would be lessened,the insuiance proceeds shall be applied tn the sums . '�- _�.•.�._:
<br /> su an f .
<br /> � � secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandocu the t �'_..--__.o.
<br /> "' •.f-.v�' .
<br /> ' property,or does not answer within 3 0 days a notice fmm Lender thai We insurance c�riea has offeretl to seule a claim,then
<br /> � I.ender may collect the insurance proceeds.Lender may use the procr,eds to repair or restore the Property or w pay smns secared t '.
<br /> � ". �.`�''.
<br /> . by this Security Insuument,whether or not then due.The 30-day period will begin when the notice is given. . . . =zr r-
<br /> � � Unless l.ender and Borrower otheswise agree in wrnin8,�Y aPP��n of proceeds to principal shall not extend or postpone _ . .,._--
<br /> the due date of the monthly paymenu referred to in pa�agraPhs 1 and 2 or change th�amount of the paymeai�s•If under Pa�agraPh . .�.-._-
<br /> aiagra
<br /> •-�� ;
<br /> 21 the Propeny is acquaed by I.ender,Borrower's right to any insurance policies and proceeds resulting from damage to the . _�.,�
<br />• . Prop�ty prior to the acquisition shall pass to Lender to the extent of the sums secured by this Secwrity Instrument immediatelp : " ` '�:~—
<br /> .: c
<br /> `e prior to the acquisirion ' "'�' ,
<br /> 6.Occu an Preservation,N[aintenance and Protection of the Property; Borrower's i.o� Application;Leascholds. ': .: �` ' '`�E°� --
<br /> p �5, . ..•:� ,-�►.�-;�,�...
<br /> Borrower shall occupy,establish,and use the Property as Borrower's principal residence within siuty days after the execuuon af � t. : .� .
<br /> ' ihis gecuriry Instrument and shall cnntinue to occupy the Proper[y as Borrower's principal residence for at least one year aftu the • ' '� `
<br /> date of occupancy, unless Lender otherwise agrees in writing, which caASent shall not be unreasonably withheld, or untesg • , -
<br />• extenuating circumstances exist which are beyond Borrower's control.Bomnwer shall not destmy,damage or impair the Property, �.:1 ....•� �_ --
<br /> allow the Property tn deteriorate, or commit waste on the Property. Boaower shall be in default if any forfeinue action or = '.:.,�. � ' , .
<br /> � proceeding,whether civil or criminal.is begun that in Lender's good faith judgment could result in forfeiwre of the Property or , ��.�.. �`;s �
<br /> othp�,ise materially impair the lien cceated by this Security Insmunent or Lender's seeuriry intsest Borrower may eure such a ,,�f�:, .-;•
<br /> default and reinstate. as provided in paragraph 18, by causing the action or proceeding to b:ditimissed with a niling tha�. �n ,•_..�.�. '�; .�>�,
<br /> ara
<br /> - Lendcr's good faith determination,precludes forfeiturc of the Borrower's�terest in the Propert.•or other material impairmenl of `!i :
<br /> a
<br /> � the lien created by this Security Instrument or Lendei s security interest Borrower shall aLso be in default if Borrower,diuing the � ��
<br /> �� ��. �: �
<br /> loan applicatian proc,ess,gave materially faLse or inaccurate informaaon or statements to Lender(or failed to provide Lea�der with ' _ �: _4„_ ,
<br />� , �; any material infortnation) in connecaon with the loan evidenced by the Note, including, b:it not limited to, representatians "'�-«, ���-
<br /> concemmg Boaowei s occupancy of the Property as a principal residence.If thls Security Insaumeat is on a leasehold,Borcower •.�_-----��
<br /> � • :.,,._.
<br /> - �, . ;•.:
<br /> • '�`' shall compiy with all the provisions of the lease.If Borrower aoquires fee 6Qe to the Propeaty.the leasehold and the fee atle � ::�':..-.:. �--
<br /> T �,�;..._ :; '. _==_
<br /> : not merge nnlcss Lender agrees ro the meager in writin8•
<br /> ..�`:� 7.Protection of Lender's Rights in the Property. If Bo:rower faiLs tn p�form We covenants and ageements cantained in _ .�
<br /> ° this Sea�iry tnsuument,or there is a legil proceedinS that maY siS`nificandy affect Lender's rights in the Prapeaty(such as a . - � - _
<br /> •� �i�banlwprcy,probate.for condannation or forfeiwre or tn enforce laws or regulatians),then L.ei►der may do and pay ' -�,"�:
<br /> for��is necessary w protect the value of the Property and Lender's righu in the Prope:ty.Lender's actions may er�'lude ^�
<br /> . � paying any sams secured by a lien which has priority over this Security Inswment, aPPeaTing in caurt.paYing reaSC:able �. .�' -_
<br /> '` auomeys' fecs and entering on the Property to make repairs.Although Lender may take action under this paiagraph 7,1�ender '=�; .�`'�°
<br /> does not have w do so. '� � � ��
<br /> My amounts disbursed by Lender under this para�aph 7 sha11 become additional debt of Borrower secured by this SeGa�ity • �:'���
<br /> -�:�_ ;',. —
<br /> Instrument Unless Boaower and I.ender agree to other teams ci gayment,these amounts s:�all bear interesc from the d�2e of ti Y. ,�.
<br /> disburscmcnt at the Notc rate and shall be payable,with interest,upon notice fro�Lender to Borrower requespng payment -., � _
<br /> .�. 8.Mortgage Iasurance. If Lender required mo.[gage insurance as a corz��on of making the loan secared by this Seauity .. - .. -
<br /> Inswmen4 Boaower shall pay the premiums requircd to maintain the mortgage insuranc�. ia effect If, for any reason, the , ..,:.:w_:. -: .
<br /> mortgage insurance coverage required by Lender lapses or c.eases to be in effect,Borrowa shall pay the ptemiums required to � r-
<br /> obtain covcrage substanvaUy equivalent ro tha mongage inswar►ce previously in effect,at a cost snbstantiaUy es�uivalent�the `,�•!�` , •
<br /> wst to Borrower of the mongage insurance previously in effect, from an altemate mongage insurer approved by Lender.If •���
<br /> � substantially equivalent mortgage inswance coverage is not available,Borrower shall pay to Lender each month a sum equal co . � � _
<br /> � on�twelfth of the ycarly mongage insurance premium being paid by Bo�rower when the insurance coverage lapsed or ceased to .
<br /> be in effec�Lender will accepb use and retain these payments as a loss reserve in lieu of mortgage insarance• 1-oss reserve � •
<br /> �'`
<br /> ' Form 3028 9190 . , � ' �
<br /> ��•6V(NE)�ez�z�.o� oago 3 0�e i�a�aie: _.__ .
<br /> R'.
<br /> � 793-3 � . `. ' _ ��. �
<br /> �_
<br /> ,t._,- �.. ...'— -: _� . . . � . . � _. ' •- : � . � . . . . . .. - ' . . - - . `...-_
<br /> . . • - - .. . ' _ . . • .. � ::-
<br /> - � • . � , � .. � a
<br /> ' . J�
<br /> ' . � • ,<,.�,+ne,�� . . ........�r.._. ...� .
<br /> ���
<br /> (
<br />. . — _.�_f...rrTJ.w .. � ' � . . . .. . . � ' . . ' � . • . .• . .
<br /> ' . . . . ..._ . ` - . ... . . . . . 1't• ' "'� '. . � ' ' .. .�� ,� ' , .. .. ' . . a� . t r
<br />
|