|
. .. . . . . .
<br />—'_—_ ___. � "'__�_-_-�-��___— ( - _..�'—'^.-< _.' `_ .� .. . , . L . _ !f?' .. !'• __
<br /> . . :. . . . . .. ` . ,`� . , . _ ` . ,. � 'r . ' ' . �� -'� .. -
<br />. • - � � ' .. � . . . .. f . � _
<br /> . . . _ . . . ' . .. _ ' . . - . fF ..
<br /> .•' . ! - _ . . . " . , (
<br /> -, . _ -_ .�a' - � . ( . . . ' . . � � - " � . . i�-
<br /> � .� ... _. t . . . � � .
<br /> � . . .. .. '.� . ' . . ' � - . �� - i ..
<br /> .
<br /> . • • ' L"_..__. ..._ .... .__.—_.__ _L. ..._ ...5_ . ,
<br /> _ . ,..._. _. ...', :. . ... . _- — . ... _"__..�,:�c
<br /> — _— -----�--— � -- - - � .. _ ' -
<br /> . , • _ �_
<br /> 9�-- �C�23�1 , ` . �_:-.:�
<br /> � ir 1
<br />- a. Hazard ur Propert� Ituut~attCe. Borrouer �hall kzep thc improvementti ni�w rxi,ting ur herwttrr ere�teJ on the .
<br /> � Prup�m insured agaimt lo,. h� fire. h:iz:udti includcri �rithin the term "extendc�i rucer-age" and 3n} o[her h:uardti. inctuding , , .-
<br /> � tlood�ur fluoding. ti�r uhirh LrnJer reyuire• insur.u�ce. Thi� in,urance,hall he maintained in the amuunt.and f<�r the periods � . � � . �
<br /> ' that Lendrr reyuirch. Tht imuranre rarrier pro�idin�thc insurance +half he�hci�en M Burcuwer+uhjrrt tu Lerxf�r'�appnn•:�I -___- _--- - -- - ._---
<br /> whi�h tih:ill not be unrea�unably a•ithhrlJ. If Borrower fasl� to maintain cuvrrage de.cribed ahucr. Lc�nder ma�. at Lender's , . - � -.
<br /> uptiun. ubtain cu�erage to protect Lender's rightl in the Property in nrrurdanre with peragraph 7. • �
<br /> :._._. . .__ _..
<br />-- All in,uranre polirics and renewals �hall be acceptable to L,ender anJ ,hnll inclucle a +tanderd mortgage clau,e. L.ender _ � . � �
<br />', shall ha�•e the right to hold thc policies and renewals. If Lender requires. Borrow�er shall promptly give to Lender all re�;eipts of ; � , � • �
<br /> paid premiums and renewal notice�. [n the event of IoSS, Borroa•er shall give prompt notice to the insurance carrier<u�d Lender. • � —
<br /> ixnder may make pmnf��f loc.if n�r made�+rnmpdy b}•R�rrower. — - �
<br /> Unless Lender and Borrower otherwi�.e agree in writing, insurance proceeds shall be applied to restoration or repair of the ' � -!°
<br /> pr^re.^.��sr:sb:�.i�:he r stora.ia:�a:r�pair is economically frasible and Lender'�security is not lessened. If the restoration or • �"'�'�� �
<br /> � . :,.,�rrt*_�'
<br /> repair i�not economically feasibte or Lender's securiry�vould be lessened,the insurance proceeds shall be applied to the sums �,�,+.��-,
<br /> secured by this Security Instrument, wfiether or not then due, with any excess paid to Borrower. If Borrower dbandons the � • .,
<br />, Property.or does not answer�vithin 30 days a notice from Lender �hat the insurance�:arrier has offered to settle a claim, then " � _ ,.�;,�_�_
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums ' _-
<br /> _ cecured hy thi�Securin inctn�ment, whrthet er n�r r�,�R.�u�.'�?;;;3r�-+y�y Y�^^,w ti�•i!! lx,g:tt��:�:.r.Lhe r.a.;;,;.:s g:•.•c�t. -- ;�_��---
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or • �
<br /> o� one the due date of the monthl a mentti referred to in ara ra hs I and 2 or chan e the amount of the a ments. if ��':" ���`'��
<br /> . P •tP Y P Y P S P • S P Y • � � ,�- .
<br /> under ara ra h 21 the Pro er[ is ac uired b Lender, Borrower's ri ht to an insurance olicies and roceeds resultin from � � � `''� —
<br /> , P g P P Y� 9 Y g Y P P g �,�' �.,����.
<br />, damage to the Propeny prior to the acquisition shall pass ta Lender to the extent of the sums secured by this Security Instrument ' '��" �'fj- -'v
<br /> _.- �-.,..
<br /> immediately prior to the acquisitioa . � �. .�►---
<br /> 6.Occu �".�-...t�:,--�:
<br /> pancy,Preservation,hlaintenance and Protection of the Property;Borrower's Loan Appliption; Leaseholds.
<br /> .� Borrower shall occupy,establish,and use the Property as Borrower's principal residence within sixty days after the execution of r '7°~ "—
<br /> .�.
<br /> this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for at least one year after ', ,,,�';�; '..'.—
<br /> the date of occupancy,unless Lender otherwise agrees in writing, which consent shall not be unreasonably witi�held, or unless - - '` '�° °-• ��.
<br /> _ extenuating circumstances exist which are beyond Borrower's control. Borrawer shall not destroy, damage or impair the : :�_ _ "�e '
<br /> � Prupeny, a i low t he P ropeny to deteriorate, or commit waste on the Property. Borrower shall be in default if any forfeiture -,� ����i�'-� �� �—
<br /> •; ;�_ �
<br /> , action or proceeding, whether civil or criminal, is begun that in Lender's good faith judgment could result in forfeiture of the r �,;� �
<br /> � Pro ert or otherwise materiall �; �-� • "
<br /> p y y impair the lien created by this Security Instrument or l.ender's security interest.Borrower may a��;�:i� ; �
<br /> { cure such a default and reinstate,as provided in paragraph I8, by causing the action or proceeding to be dismissed with a ruling '
<br /> . ..� .:::�,:;� •. f -
<br /> that, in Lender's good faith determination, precludes forfeiture of the Borrower's in[erest in the Property or other material .,�,,,'_ � �::--
<br /> impairment af the lien created by this Security instrument or Lender's security interest. Horrower sBall also be in default if " ;�,-.�. ' ,jt�.: —
<br /> Barrower,during the loan application process,gave materially false or inaccurate information or statements to Lender(or faited ;;-���. ',.���. :
<br /> to provide I.ender with any material information)in conr.eetion with the loan evidenced by the Note, including,but not limited ���'R`''` �ii;. �• '
<br /> _ tn. representations conceming Barrower's occupancy of the Property as a principal residence. If this Security Instrument is on a ���' ~ �
<br />- - ' •:.,�., -
<br /> • � leasehold, Borrower shall comply with al) the provisions of !he lease. If Borrower acquires fee title to the Property, the .., ,� �
<br /> •• �� leasehold and the fee title shall not merge unless L.ender agrees to[he merger in writing. /�_ --
<br /> .:�t�a�+•,.
<br /> � 7.Proteciion of Lender's Rights in the Property.If Borrower fails to perform the covenants and agreements contain�zd in �""�'` ��"�"°'-����
<br />�� � � this Security Instrument, or there is a;egal proceeding that may significantly affect i,ender's rights in the Praperty (such as a ��--'�_ �' -
<br /> . proceeding in bankruptcy, probate. for condemnation or forfeiture or tn enforce laws ar regulations), then Lender may do and ����� � -
<br /> a for whatever is necess '����
<br /> . p y ary to protect the value of the Property and Lender's rights in the Property. Lender's actions may '�°-'�!=�~ � . `�. -�
<br /> include paying any sums secured by a lien which has priority over this Securiry Instrument, appearing in court, paying . ` �-..;:,�,�.-..
<br /> reasonabfe attomeys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph -' '
<br /> � 7. I.ender does not have to do so. � ���_
<br /> + ..r�
<br /> Any amounts disbursed by C.ender under this paragraph 7 shall become additional debt of Borrower secured by this ' ��:�,�.�;;; ""'-':°�
<br /> Security Instrument. Unless Borrower and Lender agree to other terms af payment, these amaunis shall bear interest from the � ,,_����,�
<br /> date of disbursement at Ihe Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting _�� ;,..;-n:.:<:,�.�-...��
<br /> payment. �, t •.• �,°
<br /> 8.Mortgage Insurance.if Lender required mortgage insurance as a cnndition of making the loan secured by this Security �,�:,;.�;;•� '
<br /> lnstrument. Borrower s6a;1 pay the premiums required to maintain the mortgage insurance in effect. If, for an reason, tt�e � � •
<br /> Y 3��+�.�._...,,:._:_.
<br /> mortgage insurance covetage rr.quired by I,ender lapses ar ceases to be in effect, Borrower shall pay the premiums required to
<br /> obtain coverage substantially equivalent to the mortgage insurance previously in effect,at a cost substantially equivalent to the ��`�°�`-°�"�'``��
<br /> cost to Borrower of the mortgage insurance previously in effect, fram an altemate mortgage insurer approved by I.ender. If � -•� " �
<br /> substantially equivalent mortgage insurance coverage is not available. Borrower shall pay to Lender each month a sum eyual to � � . , -__"=
<br /> ane-twelfth of the yearly mortgage insurance premium being paid by Borrower when the insurance coverage lapsed or ceased to -- ----=- _- -
<br /> be in effect. L,ender will accept,use and retain these payments as a loss reserve in lieu of mongage insuranee. L,oss reserve � ' '
<br /> . Form 3028 9190 ' �
<br /> PaBn 3 0�8
<br /> • .� _-_�"____.._.. . .._..._ .'__y....'_'-.____'_". . �
<br /> _ .. . .. . _'_"':._._ '•'�'_""_"_.......�._,�
<br /> �- . . .. . -__—"':"""""' _, _ " ' _ ' " _ '
<br /> � . . . . .. . .. . , . . . ., . . -� .
<br /> . . . . . . ' . - ' . - ' . , � . � � . • - � • - � �•
<br /> ' _ _ . . ` . . . • _ '_ . �,..
<br /> . ' . . . - . . - � _'.
<br /> ..' _"__ ' ' . . ' '__ '_""'•-�._'�—_""'_" " ' '_ _ . . .':' '"_'__—_'_ _.�
<br /> , � . - • . ' . . . . . . 1 .
<br /> _ � . . � �. - t-�y�:-
<br /> . " �, ' � . �__.
<br /> . � .
<br /> , .
<br /> - � • - .. ,. . �
<br /> • . _ . . - . � _.
<br /> . . . ' - ___ _ ...� - - ' . �__.y._._.
<br /> . . , . . , .
<br /> -.-r�
<br /> .
<br /> .
<br /> .1.--�-�_•..�.���` . ' . . .
<br /> •_. .. • ._ . ... - . . - . _ .. ' . ' ' � ' _. .. .. • ..�� ' . - �. , , ' .. - �. ' •,. ' •` ` . . . ` .. ;1 .
<br />
|