|
_ `� .� _ _ .._ ..:: . .(��;� E::-.s " ..��' _
<br /> .r .
<br /> . . . -i'�P.^..:'. ' ..:,�s� _..._a._�.:.
<br /> �_.;,� . . ... . ._._ . . - _
<br /> 'r - .�.. . � :_
<br /> i . _ — .--- --_ . - .
<br /> :Y .�.�. ;�... " - � T
<br /> � _ . . . S x [ . .-4` S - 2 �
<br /> / , �`. c . �. ,.. � � ' h- . .� (i 5 c- . ..
<br /> a.F �� L� 4 - I. . � l..K t... l' y . t t' IS
<br /> i � . . � .. �4. �v - !-� � 't ,.R' F+_ �
<br /> _ ' ' °-b f�y��� 1. ._�s_�_ _.Y.S
<br /> ' .0
<br /> ' ' ``
<br /> , ��'`'�, �Na: soioir� ����G��9 na�to: iQa `_<<
<br /> > ;s:..-. -�
<br /> ����:>`,,� .` 6. O�cogmncq, Pr�setivt�tioa, MaTn�aisd PeoteGion af the Pe+agerty; Sore+aRreMa Los�n AAP�� �.'.4:
<br /> Leasett�lds. Borrower sEaii aoeupy,establish,aad use the Property as Borrower's prindpal resideaa within siaty days
<br /> �f '� � after the esecurion of this Security Insttument and sisall o�ntinue to ccapy�he PcQparty as Borro�ver's principal residenoe �.`
<br /> � . for at least oue year after the date of acrupaary,untess Lender othenvise agrees m wntm�a►hid:cansent shall not bc
<br /> uarpsonabf�r cvitl�held.or uaiess eatenuating cacumstancxs edst which are biyand Bormwcr's mntroL Borrawer shalt .
<br /> _' ' : not desuoy.damaSe orunpa�r We Property,allaw the Properiy to deterioiate.or aotiwit waste on the Pcoperty. Eormwer _ .
<br /> . shall be in default if aay forfeiturc action or pmoeedia�,whether civil or c�iminal.ic begun that ia lsnder'a good Caith
<br /> , �r judgment couid result ia forfaturc of the Praperty or otftetwise mate r i a l i y impair the L'en created b y tLis Securit y
<br /> • �.,. . fastruarent or Lender's securiry interest Borraa�er may cure such a defaWt aad reimtat�as pmvided ia paragraph 18. �
<br />- :-'-:=;��--� by quslug the action oz praaoeQi�g ta Ec disa�witb a ruUng tha�ia Lrender's gand faittt deccnmination.Precludes �_.�S•;_.
<br /> forfeiwre of the Bonawcr's mterest iw the Froperiy or oWer material imgaument of the lien aeated by tlris Security •
<br /> ' � ' Insmuaent or Leader's security iatcres� Borrowet sball alsn De in default if Borrawer,durinp t6e toan applicatinn pmccss.
<br /> _ . . . gave materiall�r F�tse ar iaac�uate information or statemcats w I�nder(or fa�Ted w ptuvide 1.ender antb aay matcrial
<br /> : �. information)in oonaectinn with the Inan evidenood if3►tlte Note,iucludiag,but not l�mited to�representatioas conaeming _.
<br />_ .. Hozrowe�'s aaupaaoy of the Prap�as a prindpaf resideaoe. if t1�Sec�uity Insuuaient is on a teasehold,Borcoaver
<br /> shall comply with all the pravisio�o the ieas� if Borrow��err acqulr�fee tiile to the Ptoperty,the leasehold and the fee
<br /> ;��` , titIe sLall not metge ut�tess 1.cader ag�ees to We raezger ia wtiting.
<br /> � 7. Pt+ut�fIon of Leades's Rigltta ir�ttte Pcopesty. If Horiower fa�Ts to peiform the c+ovenants and agreemeats -
<br /> cnataiaed in thu Security Insmiment,or there is a teg,al praceedia�that may si�cantiy affea Lendcr's rlgbts m tlte � •-_=
<br /> ' - 1 Pmperry sush as a prooeeding in banIauPuY.F�base,for oondemaation or forfemue ar to enfome taaus or reguia�ons), 6=-----
<br /> :" then�may d o a a d pay for w h atever is nece�ary w pro t e c t t t cs v a I u e o f t h e Pro�e rt y.aad Lendec's rI g h t s ia the ��;--'
<br /> ' �` ` Property. Lendu's actio�tnay tnciude FaYmS a�►swas secured by a lieawhich has prIonty aver this,Secu�ity Instrument, -�
<br /> . :V' . aPpeanag m wu*t.payaig ceawnable attomeys'fees and enteri�►g oa ihe Propeny w make regaiis. Alth�ougb Leader
<br /> ,.. �.G . may take sctFoa under tMs F�B�Ph'7.Leadcr daea not have to dn so �
<br /> � . Atry amounts disbuised by Leuder undcr tiris paragraph 7 sHall b�ome additioaat debt af H�ver sec�ued bY
<br /> . this Security Iatu�uaent. Unl�s Bonower and l,eander agree to other terau af payment,these amounts s�ii beat uueresc
<br /> te
<br /> � . , „ • from the date of disDuisement at the Note rate and shall 6e payaDle,witb interest,upon nntice fram Lt¢det m Saaower --
<br /> ����P�►��- -
<br /> :' ��.;.�� '� & Piqorlgage Iiosaranae. If Leader requ'aed awn�age insfuaaae as a condition of maldng the las�.secured by =-
<br /> � thts Sec�rIty Iaswm�t,Borrawer shall pay the premiums requ.ircd to maintain ti�e mortg��c insurance i�'���cl. I�for �
<br /> . a�r reawa,the anortg,age insuraaoc coverage mquired t�y Leadcr lapses or aases w 6e�n effect.Borrower sl�ali pay
<br /> �a
<br /> tiie premiums required ta nbtain ooverage snbstantially equivaleat to the mortgage iasutaaoe prevtousty ia effect.at a oost .
<br /> substantia}Iy equivatent to the oust to 8orrowe:af tite mortgage iasnranoe previonsly in effecl,from an aItemate martga� `
<br /> . insvrer appraved by Lender. If subatantiaIly equi�aIent mortgage iasurance cave:age is not ava�7ab2e.Boadwec shaD�t�,}r
<br /> ' . _ � to Lender�tcd�month a sum equal w one-twel8h of the yearty mortgage ias�uanoe piemium Ce3ng paid i�y,�8ormwer
<br /> . � � when the irauanoe covcrege lapsed or ceased ro be in effect. Leader an'II aooept,�ue and remu►theaes`�Lyments as a.-. .
<br /> Ios�resen....�ieu of mortgage uzsurano� Loss resecve payments may no toager be re4uired:;8t the option of I�nder,::•�:,
<br /> . ".;; , if mortga�i�surance oaverage(m the amouat ead for the perlad ttmt Lender reqtdres)Prav�c:d bY an�urer appmvec���>:'.;, �
<br /> , t.�-:,.. ' by L+eudeF�gain beoomes ava�abte sud is obtainerl. Bonawer shall pay thc premium�ccG,�,w maintairi ma ..
<br /> ' ingurance in effect,or to provid�a lass reserve.unt�l the requirement far mcctgage insursa�e°tnds ut aea�rdance� ',
<br /> - ,�._. -._
<br /> :��"- - aay written agreement between Bosrawer sud l�uaer or appricable iatv , �.�.. —
<br /> :' 9. InsQ�ion. Leader or ita agent ruay make reasonabte eatrics upoa an8 iaspecttons of the gres�g; Lender
<br />. . shall give Botmw�r aotiee at the time of or paor w aa inspepion sPecifying reasonab2e canse for tEa�f�,un. �� . _.
<br /> � • � 10. Condeawutton. Tke proaeeds of auy award or cIaim for damages,d�rect or coasequential,in'o�sa�ectian wi�&:' __
<br /> . , any oondemnallon or other taking af any part of the Property,or for waveyance in tieu of wndemnuWsts.are denelii# --
<br /> _ _ _ ' assigned and shall bepatd to Lender. . „•.. _°
<br /> " Ia the eveat of a total ta�ng of the Proyeny,the Praoeeds shall be applied w the sums sc�s�sdr�73�n.�Securiry _ -
<br /> ' � .. •:� Irjssmiment,whether or not then due�with any a�ess paid to 8orrower. In the event af a parpat r�tota�.ts,�fJ�Property
<br /> . � � ia wh�cb the fair market value of t&e Property immed�ately before the taldng i�equal to or�reaier t�tan�'a,.��mount of `-"
<br /> �' ,,r:,;.� the sums secaued by this Securiry Ia�uumeni immed�ately before the taking,unie��omawer 9nst Geader otheiwise agree �
<br /> . J�,, � ' ': in writiag,the awus secured by this Security Insuum�nt shall be reduced by the amount of tlth�1'�1�eds muluplied Dy the
<br /> ,%� ',v .� � � fo fracUon: a)the total amount of the sums se�a��ed"mimediateIy before the takiag;�tt�v�f�3h.�bsr(b)the fair market
<br /> �:.�f� .:; .� vahie o the Ptopeityr imtnediately before the tai� A�r balaace shall be gaid,tQ Borrower' In tbe�eo�:�flf a pardal �''' _
<br /> �:. 3;,. ' talring af the Froperry ia which the fa�r markec v�,?rs of thc Property�IfA.fr.ly before the taldn��f�i�s thau thc , _ :�
<br /> '::.,,.,�,���y.i�t`:; ,.� amount of the aua�sesa�red immediatety 6efore t.P�:�raldag uaJess.Bosrrnr•er:r�Lenctet othemrisc agc�.arr writing er,:<.� :?-�^v,
<br /> :�•.,,_...:, _ unle�applicaDle taw othetwlse prmrideg,the praceeds�all tae u�lt�d to the swn4 secured by this Security Ir�struntens• "
<br /> _ - - whether or not the awaas are theu due. ':: ��::.
<br /> � If the Property is abanQnned by Borrower,or a,sfr�ri¢at�a�bry Lender to Bosrawcr that the ooadrmaos offers �;__:
<br />- ' � . • � m make an aaard or settle a ctatm for damaga,Bo�rawer fails to respoad to Lender withia 30 day+s after the date the o
<br />_ - � notice h gi+rea�Lender is suthorized to wllect and appiy the praoeeds,at ita option,either to testoration ar repair uf the �``-<
<br /> . � �:: ' ' Property or to the auu�s aecured by thu SecurIty Instn�ment,wflether or not then due.
<br />_ � •,:' . ;, � lTNess Leader and Bonawer otherwise aB�ee in writmg,ar►Y aPPUcatiaa of pmceedea tm princ�pal shall not extead . .
<br /> _ , _ � or postpoae We due date of the monthly payments refened to in paragr�phs 1 arid 2.q�cfi�tge the amouat of such
<br /> , . ' P��� ;. ..
<br /> � � ' 1l. �orrower Not Ytetease� Farbea�anee By Leader Not a Wnta¢c F.ateasion of the timc for p�►yment or '�::�,
<br /> ►
<br /> � � ; moditicazioA o[amort'rmHon of t�e sumti secuted Dy thi�Se��rIty Insuumeat ganted by Lender to auy auecessor in �{`r�'
<br /> � interest of 8orrower sha11 aot operate to reiease the liability of the origiaal Boaawer or Bottower's suocessota ia iaterEa� �„'°`��
<br /> ��,�� l.ender ahaU not be required to wmmeuoe prooecdiaga ag,ainata�r suocessor in intetest or refuse to extend time for
<br /> payment or otherndse umd�fy amort�ation of the sums secvred by thig Se�vriry Iaguument by rc�son of any de�taad made
<br /> �� : bp the ariginal Borrower or Borrawcr'a saeaessols in interest forbearaaoe Dy Leader in eaerasing anY rlght or ,
<br /> - � •• . remody shat!not 68 e araiver of or prerlude the ac�rctise of aay�t or remedy. '«��
<br /> • IZ. Suaoessora aa8Asst�s Bonnd=Solat and Severnlld�bHityi Co�sigaeis. The covenants and agteements � , .
<br /> � • of this Securiry Insuument shaU bla8 and bene6t the sumessora and assfgns of Lender and Borrawer,subject to the .
<br />- . provisiat�s of yaragrapb 17. Borrowcr'a uavenants end agceemenLi s h a l i t r e joint a a d scvc r a l. A a y Eaneu�er who ca- �_,
<br /> signs tt�i Secunty Itt�trument but Qaes not execute the Notc:(a)�s aasigniag tlus SecurIty Jasuumens oniy to mortgage, - .-
<br /> grant and aomrey that BorrowePs interest in 1he Pcopeny under the te�ms of this Security 1nswment;@}is not peraonaltyy
<br /> n�
<br /> . : • abligated to pay the sumS seaued by tl�Security lasuument;aad(c)agr��tha�Lender and eayr other Borrower may
<br /> m
<br /> � agtee to extend,madify.toti�ear or make any aaoommodatioa�with regard to the terms of thts Securiry Instrument or the
<br />_ ' � • Note althout tlmt Bormtiver'a coasenL . .
<br /> � ..� -� 13. Oaan Cl�ges. If the InaA secured by thls Securiry Insuument t�subjec!to�taw wtucA sets maximum tnan
<br /> � • charges,aad that Iaw is finalty interpreted so that the Iaterest or other Iaan c�uuges oollected or to be�lIected fn
<br /> � oonnection with the toan exoeed the permitted limits.thea: (a)arry such Iaan cLarge ahaD be reduaed by the aatount
<br /> , aeee.saary to reduce the charge to d�permitted liiaih ssnd(bj aay suma afreAdy aollected hom Borrower w�ish ezaxdcd
<br /> � . : permitted limita w�l be refunded to Borrower. Lender may chaose to make this refund by reducing thr principal awed
<br /> � .' untler the Note or by making a direct payment to$orra�ver. If a reCund reduces principal�the teductton w�ll be ueuted
<br /> as a partial prepuyment without nny prepaymem cLarge under the Notc. . .
<br /> . ., s
<br />- � ' Rorm S0� 9l60 (page 8 of 8 Pegos) •
<br /> -S;� �. , -----
<br />...�__. . � _ - ._ ...
<br />
|