|
`. . , .. , . . . ' ' :z ��.
<br /> , - . .. . : . . . , .� .� ._ `.. . {Y• � : . - —
<br /> , . .
<br /> . . . . � • : - - -�. . ._--' -- _
<br /> .
<br /> .. � . - .. ._ . - — ---¢s�. — --
<br /> .
<br /> �-- � " .� -- --
<br /> ' � = ---- —._.�__ ._. .
<br /> :_ ,.. . .
<br /> . , . . —r'
<br /> ,. . .
<br /> T � _ .
<br /> . . < ---- -•-`--" ..
<br /> _ .. - . � _ ..__�- T '
<br /> .c _ .,.. �---'._�.—» .._
<br /> ---- .
<br /> �.. r � --
<br /> ��-- g�2i�0 ::.�_-�:-=,-- ; ;��=
<br /> ` � _��v
<br /> � 4, I�Un�rd or Propert} Insurance. Borcow�er �hall keep the improvement� now existing or hereafter erected on the , .
<br /> . . � . ` : :�:;
<br /> Pr��prrty uiwred aN��m�lo��b} fire. h�ard. included w•ithin the tertn "extended coverage" and any uther hazards, including 4 • .t";
<br /> �1,,,N��,,r �7„ud�n�, t�,r �thirh[.rnder rryuirr. insurancc.Th►s iruuranee�hall be maintained in the amount�and foc the periods __
<br /> �I�,u (.riidrr reywre. The imur.►nrr rarcier pru�iding the insurance ,hall be chosen by Borrower subjert to Lender's approval , -=�
<br /> �tih�.h .li,ll nnt he u�irea+�+nahly' ��rthheld. lf Borrower fail� to maintain cor•erage described above. Lender may. at Lender's --
<br /> .,puun.„bta�n�„�rr.i�:c tu prutert Lender',righta in the Property in acmrdance with paragraph 7. . ,.- , .
<br /> :�II in.ur;mcc p�+licie. anJ renewalti �hall be acceptable [o Lender and shall include a Stanciard mortgage rlause. Lender = _
<br /> .hall I�a�r thr n�;ln tu huld thc pulic�e�and renewal,. If Lender requires. Borrower�hall promptly give to Lender all receipts of . -z ..
<br /> - p.ud pnm�um,:uid mnc«al nutice+.In the e�ent af loss.F3orrower shall give prompt notice to the insurame catrier and Lender. - _-._- ,-, ---__. �,-_
<br /> l.rndrr ma� mahe pr��uf nf tu.,if nut nwde prc�mptly by Borrower. . , `
<br />� ' l�nlr,�lxndcr ar.J Buttower otherwi�e agree in writing, insurance proceeds shall be applied to restoration or repair of the _—
<br /> • �„��ny aaniag��f.�1 the rr+turetiun or repair is economically feasible and L.ender's security is not lessened. if the restotation or . . --� : .;_°¢'
<br /> rrp.ur t.nut rranunu�:dly Cea,ibl�ur Lender'>>ecurity wouW be lessened,the insurance pruceeds shall be appiied to the sums _ , �..,�;:,��,_��.
<br /> rccurcJ b� Ih�. Scrunty In,trument, whether or not then due. with any excess paid to Borrower. If Borrower abandons the :`__`.n�_
<br />.� Pruperty. or Juc+nut amw�r within 30 day�a notice fram Lender that the insurance carrier has offered to settle a claim. then . .�'""�,,°—�
<br /> • l,cnd�r may ruUcct du in+uranrc pre�eed�. L.ender may use the proceeds to repair or restore the Property or to pay sums .� . _:•.;.�:� .
<br /> �.a._ ..:..�:, ,
<br /> �ecur�J hy thu Serurit�•ln�trument.whether or not then due. The 30-day period will begin when the notice is given. :, �.���,''"
<br /> Unlc+. L-end�r und Burrower othenvise agree in writing. any application of proceeds to principal shall n��t extend or �,_
<br />' pu,tpunc thc duc date nf the mamhly payments referred to in paragraphs 1 and ? or change the amount of the payments. if � �'�_ '�_
<br /> '' undcr paragraph?1 t he Property is acquired b y Lender,Borrower's right to any insurance policies and proceeds resulting from
<br /> ��
<br /> dam;tge to thr Pmparty priur to the acquisition shall pass to Lender to the extent of the sumti secured by this Security Instrument �� ,,, --
<br /> �—�4•v:
<br /> ' immeJiately priur w the acqui+ition. �
<br /> � 6. (?ccupancy.Preservation.:�'[sintenance and Protection of the Property; Sorrower's Loan Appltcation;Leaseholds. � ,��!�.�__ .,
<br />..: - Burmwer+hall ocwpy.e�tabli,h,and use the Property as Borrower's principal residence within sixry days after the execution of - � --_
<br /> ' In.rtrument and shall continue to occupy the Property as Barrower's principal residence for at least one year after �.; � �.�
<br /> this Sa:unty �;1
<br /> ..,�....
<br /> the datc uf occupanry,unl�,+L�:nder otherwise agrees in writing, which consent shall not be unreasanably withheld, or unless � ,(.;._�
<br /> exten►wting cir�vm+tance, exi,t which are beyond Barrower's control. 8orrower shall not destroy, damage or impair the —
<br /> �; property, allow the Property to deteric�rate. or commit waste on the Propeny. Borrower shall be in default if any forfeiture � ��� ��`�' ';'. _
<br /> ',,° action or proceeJing, whether civil or criminal.is begun that in Lender's good faith judgment could result in forfeiture of the r,,,� `
<br /> ;, Property or otherwi�c materially impair the lien crea[ed by this Secunty Instrument or Lender's security interest. Borrower may ,. �.:_,;�
<br /> cum wch a default and reimwte,a�pmvided in paragraph 18,by causing the action or procceding to be dismissed with a tuling <<,( __
<br /> that. in Lendei+ gi�ud faith dcterminatinn. precludes forfeiture af the Banower's interest in the Property or other material .,� �'.,_
<br /> impairment ot tl�c lien created by thi, Security In+trument or Lender's security incerest. Borrower sha11 also be in default if ,;�,;,.. ' "
<br /> Rorrower,during the Inan applicatian process.gave materially false or inaccurate infortnation or statements to Lender(or failed �� r��'; -
<br /> . • to provide Lender with any material infurmation)in connection with the loan evidenced by the Note. including, buc not limited ��t�, ;,�
<br /> ta,representations concerning Bam�wcr's accupancy of the Property a�s a principal residence. If this Security Instrument is on a � �a , �r :t--
<br /> leasehold. Borrower ,hall comply with all thc provisions of the lease. If Borrower acquires fee title to [he Property, the �� Y,F�,
<br /> 'l�V__
<br /> leasehold and the fee title shall nut merge unles.ti Lender agrees to the merger in writing. . ,�._--
<br /> 7.Protertfon of Lender's Rlghts in the Property.If Borrower fails to perform the covenants and agreements contained in _ , ;���
<br /> � this Security Instrument, or there i.r a Iegal proceeding that may significantly affect I.ender's rights in the Property (such as a .5..�=�.•°-
<br /> . . � rx���,�
<br /> +. proceeding in bankruptcy, probate, far condemnation or forfeiture or to enfarce laws or regulations). then Lender may do and � �-—
<br /> : ' pay far whatever is necessary to protect the value of the Property and I.ender's rights in the Property. Lender's actions may -n�--� -`
<br /> is�clude paying any sums ,ecured by a lien which has priority over this Security Instrument, appearing in court, paying� ,., a-�--•-,_—
<br /> reasonable attomeys' fces and entering on the Propeny ta make repain. Although Lender may take action under this paragraph
<br /> �: •. -�
<br /> s�r. _
<br />- � 7,Lender do�not havc to do so. - -
<br /> � '_ Any amounts disbur,ed by Lender under thi, paragraph 7 shall become addiuonal debt of Bonower secured by this �_ �=-� _
<br /> • Security lnstrument. Unley�Bottowcr and LenJer agrce to other terms of payment,these amounts shall bear interest from the � ;j',._,.
<br /> ---_ �µ:� ac �;�r..�.�P.,�..� 3� rhe N�te rate anJ �hall hc pavable. with interest, upon notice fram L.ender to Borrower requesting �.��i __ .
<br /> . � . ---.�:.= r•,i
<br /> � payment. --..��"� .
<br /> • 8. Mort�ge Insurt�nce. If Lender required mongage in�urance as a condition of making the loan secured by this Security ���r
<br /> r '
<br /> Instrument. Borrower,hall pay the premium� rec�uireai tc� maintain the murtgage insurance in effect. If, for any reason, the ' T . . . ;� __ _
<br /> mortgage insurance coverage reyuired by l.ender I�p+e+ur ceax+tu he in effect. Borrower shall pay the premiums required to �� ������:--_
<br /> • � obtain coverage substantially cquivalcnt tn the mortgage intiurance previously in effect, at a cost substantiully equivalcnt to the ;:.�,,..,�M�T�!�', �
<br /> ! wst to Borrower of the mortgagc intiurancc prcvi��u.ly in cffeit. (rom an altcmatc mortgage insurer approved by Lender. If -;.,,� - . =
<br /> :.. ���l .
<br /> .._j substantially cyuivalent mortgage insurance coverage iti nn!available. Burruwer shall pay to Lender each manth a sum equal to _I.f,��'�y���_
<br /> one-twelfth of the ye;irly mortgage�muronre prcmium being paid by Burrower when the insurance coverage lapsed or ceased to ,-�...,�..,••k�...,..
<br /> � be in effect. Lender will uccept. uyc anJ retain tlu+e paymenty a+ a lo.s rcserve in lieu of martgage insurance. Loss reserve v :,„r,,,,,;�,,,;;-`
<br /> - �� Form 3028 9/90 '='y' � • �
<br /> ' , • ,
<br />- . E Patto 3,d c . � ' . . .
<br /> ' E �
<br /> ' , . ' -
<br /> �..... — . "-"-,— a-. • -' . - •_---... ,-___'�`-'.q. . . .. . :. _ . . . � . . . . —
<br /> ' .. . . _. ...l.s . ' �. � ' � � . . ' .
<br /> , . . .
<br /> ' . ' . . ' . • . . ' ' . . �
<br /> . . � . . , � . _. . . _ - . ' �_'
<br /> . , . � -.
<br /> � • . . . • " . . . .. � �! • , . ' , �
<br /> - ' � - - ' , _ _ ' " , _ . . ' . . ' . 3. ' _ . � ' ' .. . � � � . �`.-.
<br /> - ,,.....�, . - . .. -.. . �—r�•—�'.u---�.+;-'�'�nw-.._..-.-...--•T•--•...-.�...M....--.�..�.--.��..�^�„-.. � ,'^"_"'_��..�.--....�: .--� �- — ... . ..
<br /> ' ` . . '� -- . . , . _ . . _ . _' • � . . . ., . . . -r' ;•, . ' .. . ' ' t
<br /> � _ ' . � . , ,F` a. . . .. . �..' 'r . . . ..-.� . ' _.. . , - fi: • .�. ' . - � ': . . . �.
<br /> �; .. , ..v . . .. _' � . . .. . - � - � � . •. ' . - " .. •f�� � • �
<br /> . � . - . . � ., . • . ... . . .. �• . . .. � .. ..:•ai �� . - . .. . ,. . . � . . . .. � _ • ._. . � ..� .. .. �- . .. , .
<br />
|