|
``�1t13� , • . • •,,:;;�; , ,. ,• . . , . . , . .
<br />..._,_.:°e� ' . .
<br /> ' `� ' , .
<br /> — � � `-; ��, ��•,.,
<br /> :.', � .. � . � .
<br /> • _ , • . ....... •
<br /> .
<br /> � ' '
<br /> _ ._._—,�... .._... .
<br /> . _ ,: . ......._.__—._ , _ ..
<br /> . ,. . .. . . _
<br /> .._... . ...___ . ..---�
<br /> --.. .__�._� ' , '.
<br /> � . ,� �A �y
<br /> _ ��� �Q�i"3�I �������� '
<br /> -��' � � 6. Qccupancy, 1'�cservndon� Malntcnnn�o and�roti�clion of ihu NropcMy+ Borruwcr's l.aun Applicutloni
<br /> ,, ..�
<br /> Lcuschotd9. Harra�vcr ehnll occupy,r�lnbiish, �tnd usu Iho Praperry a�l3�ttc�tvec's princihel nsido�tco wtthin Rix►y day9 - .. -.
<br /> . pflcr ihe exerutiun nf th1�5:�t�urity Iflsl�itrttenl ans!slta!!rontinu8 to�ceupy thc Pcoperty es Buttr�wer'a principal res{dcnc�e .
<br /> er
<br /> far u�tenst on�year nftcr tha dato pf Recup�ncy, unless Leader othcnvlso agccea in writina,�vhich cunaem ehnll nat bo �� _ '_
<br />- - -. - _ - tsnreasnnably witht�ld.c�r�!nl��x�enu�In�clrcun�stancea axist�vhlch aro boyond Barrowe�'s rontrol. Barro�vcr ehall
<br /> � � nnt destroy�dnmage ar impalt the Property,allow tho Pn�perry ta deterlornto�ar commi�was�o�m thc Fropercy. gorrowrr :{� :
<br /> � : yhall b01n det�uU If Any fotf�iture actian a�procecdln$,whether clvil or crlminni. is beAun that in Lender's gcx�d Pnith
<br /> . �udgment cruld msuit in furfcitura of the Propetty ar othervlev mntcriully lmpnlr thc Iton erentcd by �hia Security
<br /> — - (nsirunte�st ar l.endor's security interest. �arca�ver tnay curo such et dofnult ana roinstato,as pn�vlded In purngraph l8�by .
<br /> �- - u causing tho actlon or pracreding to bo disml�,4cd wUh a ruling thnt, in Londer a gouct fnittt detv�minatton, preeludas .
<br /> forfeiwre of the Bottnwcr's interes� in tho Propony a�athor mntQrinl impal�ment of thv iton orentcd by thla Securlty ����
<br /> M ' � Insirumem or t.cndor's sccurlry intcres�. Bocm�vor ahali nlso bo ln dufnult lf 8arrower, du�lpg tho loun applicadan ��
<br /> m
<br /> process, gavc muterinlly falso or inuccumto infarmnUan ar statomonte to l.ondc�lnr fatlad ta provldo I.ondtr �vith any _��
<br /> � matedal intbrnuuion) in rnnnection wUh tho latut ovldonced by tho Note, including� but nut ltmited to� repmsentutians z--
<br /> ' conceming Barrowor's occupancy af tho Prapony�s n prinoipsd rosldonco. 1P this Securtty Instnimont is on n le�.sehald, _-_-
<br /> � � Bono�vet shttfl comply with u11 the ptavietans of the teuso. IP Bam►wor ncqulro9 fce titla ta tUu Prop�rty,the lcusehald pnd __-
<br /> tAe fce dtto shnll not mcrgc untcss l.ender Agr�,s to tha�nerger in wNttng. - -
<br /> .: r T. Protcction at Lendce's Rights In the Poopetly. if Borrower fa11a ta perPorm the cavennnte und agreements _
<br /> ,;� cunsalned in this Securlty Instrument, or th�to is n legal procE�eding that mny aigMficantly uffect Lender's righta in the ��_
<br /> Propeny(such as a procccding in bankniFtcy,prabntc, for condamnntian or forfoiture or ta enforcc lt�wa or r�gutatians). ��_`�
<br /> • t3�t.��l.cttdar mny da and ps�y for whutaver is necess.�uy to pratcct the value af tho Propsity und l.knder's righte in tho ,__
<br /> �. p�,prrry. Londer's ucttona may includo �nyfag cu►y sums secured by a llcn �vhich has priority aver this Security �.'--.-
<br /> �- • Insnumont,npponrinp in caurt,pnying rc�sonnble attomoys'fecs and encodn�on the Propeny to make r�p�irs. Althaugh i�___
<br /> ' ;, Les�dar mny tnke uction undor thls par�graph 7.l.endcr does not have tn da su. �- -
<br /> • � Any amounts disbursed by Lender undcr thie pArag�Aph 7 ahull become ndditionnl debt of Borr�we�secuced by this _
<br /> � Sectuiry lnstrument. Unless Bono��et und l.endcr agma ta oeher terms of pnyment�these amoun�a shuU beur interest from �__
<br /> : " � �ho dato of diabursemen� At the Nate rnte und ahntl be pay�rlv, with interest. upon notice (rorn l.ondor to Bo�rower �__�_
<br />. requesdnfi puyment. ______
<br /> ,,� 8. Mortgogo Ingurnnca Ii l.ender required mongage insurunco ns a conditian oP niaking the laan Fecured by tfii�
<br /> Security Instn�ment,Borrower shuli puy the premluma required ta maintnin tho mortgage insurance in effect. If. for uny
<br /> � ...��;�' reuson� the mortgagc insurunce coverage requlred by Lcmder lopse9 or ccasas to bo in effect. Bonower ehnll pay tho
<br /> • premiums fequired to obtain covcrt�e a�bstanti�lly equivalent to tho moetgage insurnnco previously in otfect. at a cost
<br /> • ____ _ ___.__� y���}�e�u�Y�tent w ehn cost co Bonower of the martBA�e insuranw proviously in et�ect,from un niternato moetg�i;e
<br /> ' � Insu�er approved by L.endor. !f eubstantiatly cqu�vatent manguge Insurnnce c�verogo is not uvuiiubte.�orrower afiuli puy to -
<br /> � L�tder ench month a sam equul to onc-twclfid of iho yearly mnnguge lnaurancr premium belag paid by�arrower when the
<br /> .. ,; �
<br /> � . � � insurnnce coveroge lupsed or ceased to bo in affect, Lender�vill accept,use and retain thesa paymenta As a loss reserve in
<br /> � - , .;�.;_x� -4_-� tiau oi morcga� insumnw. Los., �csIIrvc �►y.�r�t� r���� tongsr� r�uiresl. st •'.�°•�.i�Q�f!!+n�!!+�i if mnrt�o
<br /> � ' � � lnsuraace covorage(in the amount urld for tho pettod thut L�e+nde: requices> provided by�n insuree approved by f�ndar -
<br /> � agnin becomea nvnftable and ia obt�ined. Borra�vcr shnll pay the premium�requircd to maintaln mortgu�o inaurnnce in
<br /> �'' oifect, or to pmvide A loss reserve. undl tho rcquirement for mortgaga insuranco enda in uccotdance with nny written
<br /> _ ,� � Agrecment�etween Bonower and LenQer or appiicnblo law.
<br /> 9. laspectioa. l.ender or ite ngent may mWce nasonablo entdes upan and iaspections oP tho Ptoperty. Lcnder
<br /> y ;:�, � 'F:��:'�� , ehuil give Barrower notfco ut the time of oc prior to an inspectian apecifying�uonablo cause for the inanection.
<br /> :.�.., �. �:.';; , 10. Condemn�►tlon. Thc procceda af un�l awnrd or clnim for dumages,direct ar consequantial,in connection with
<br /> �,�, '�' any oondomnallon or ather�nking af any pare ot tho Property, or for conveym►ao in lieu of condemnation, ura hereby
<br /> �;.,.',�;� ° '�;. u�signcd nnd ahAll bc puld to Lendcr.
<br /> + �-i�;•'�.�;,;��;, ln tho ovent of u total takiag of the Araperpr, tho proceeds ahall be npplied to the suma secured by thia Securicy
<br /> �� �.<<����� lnstrumeAt,whethcr or not thcn du�.with 1ny excess pald to�orrowcr. ln tho evcnt of n partiW takiag o�tho Property in
<br /> ' '�,�' which the fnir market value af tho Pcoperty immediutoly bvfam tho taking ia equal to or greater than the un�owu of the sums
<br /> �•. # `��? '` ' accured by thla Secudty Instrument immediatcly brFore thv�uking,uniesa Borrowor and l.ender othertvise agreo in w�idng.
<br /> ' ��r,�. - • � the aums secured by this Securlty lnatn►ment shull bo�educed by tho amo►ujt of the proceeda mulNplictl�y the following -
<br /> . . �_n�;� ;�� flruction: (a)the total amount af the aums secured Immedintely before the tuking,divided by(b)tho falr murket vutuo of tho
<br /> � Praporty immediutoly beforo tho taking. Any balanca ehnll bo paid ta earrawer. ln the ovent o f n pnrt i u l t a l c ing a f t ho
<br /> . „�.;;�.,_.,f... Properry In which the fair murket v�lue ot the�'rapeny immediately befora the taking ia less thun th0 amount of tho sums
<br /> � "• �_ �.�;,�`-s�^� ' aecured immedlutely beforo the taking� unlesa Bortower nnd Lcnder othorwiav ogtee in wdting or unless npplicabto la�v
<br /> ,; '.�'����� othvtwise provides,tt�e praceede eh�ll be epplied to the sums aecured by this 5ecurity Inatrumcnt whethor or not tho sums
<br /> aea�hon due.
<br /> ,, ;"' �,� ' ,, IP the Pcoperty in abnndaned by Borrower,or iP�after noUce by Lent��r to 8orrower thut tho condemnor offera ta
<br /> ! � �•���� make an award ar settlo u clnim for durnagcs,Borrower fuils tv tespond ta l.tnder withln 3A days uftcr tho dnto the neiice is
<br /> : `����� given.Lender is Authoriud to collzet aud npply tho proceeds,�t 1ie option,either to restorution or reppir of thu Property or to
<br /> . the sums secured by thie Sccuriry Inatrument,whether or not then duo.
<br /> � ' �� - j, Unless I.ender aad Bonowcr oth.rniva t�groe+in wrldng,uny uppliration of proceeda to principul shull not exter,d or
<br /> . - - --- -,� os one the due daie af the mcmthS rr�nt��efer�ed:a In ara ha !And 2 ar chan e slse amount of such � ment�.
<br /> � p tp ��+3+ }� 8� B F Y -_-
<br /> . � 11. Borrower Hot Releav�i l�arbeurtmoe ay l.cnalcr Not u Wuivcr. �xtenalon nf the time fot payment or _
<br /> ..�...
<br /> . �<;: � raodiQcution of umonlzndon of thz sums secured by this S�cu�ity lnatrumcnt grnnted by I.endor to aay succeasor in intcrt�st of __
<br /> � Boseower shall not opernto to rcleasa Ihe linbiNty af ths origlnal Borrower or eonower'g suoccasoce ln intorest, Gundor �;;�-,
<br /> . - = shall not bo requirod to commence proceedings agalnst nny euocessar in intorest or rot�so ta exiond time for paymunt or
<br /> • othorwlse modity amo�ization of the sums secured by this 5ecurity instrument by reason of xny domund mncld by thv
<br /> �s.; . origin�l Borrower or Borrawcr's succcssors in interest. Any forbeurunw by l.ender in oxercieing any �ight or romcdy
<br /> � shall aot bo n waiver of ar prcclude the excrciae of�ny�igQt at remedy.
<br /> IZ. Succe�sore ond Assigns 8ound;Jolnt end Severai Liubllity;Co-sfgnere, 'I9io covenants nnd Ag�eem�nte nf
<br /> ` � this Securlty Instrument ahall bind nnd 6eneflt th�successora ond assigns of Lender end Borrower,subjcxt to thu proviRiana of
<br /> paragraph 17. Bonower's covenanta und agreementa ahall bo Joi�t and sovPrai. Any Horrower who co•signs this Securfty
<br /> Instrument but doea not execute th$Nole: (a)is co-signing thia Security Instrument only to mortgnge. grunt and convey
<br /> that Hormwcr's Interest In tho Property urtder the terms of thle Sccurily Instrument; (b)ia not porsanally obligated to p�y
<br /> . tho aums secured by thla Secudty Instrument; and (c)ogrees that Lendor und wty other!lanower may ngree ta extaid.
<br /> mndlfy.for6ear or m�lce uny accammoda�ians with regard to tho terms of this 5ccurity Instrument or the Notv withaut th�t
<br /> ' Botrower's consent.
<br /> 3WaA R��.1/9](U�1FA)) NCbrnsYi Yarm3028 9I90(pag�J�J 1 pageal
<br /> , � �
<br /> . _ -..__ , -°- - ,� . � ��r�. G ��A, ,'-
<br /> / .� /`/1 I6n
<br /> / l,f� � L�
<br /> � - �:�� . ��'� J �'<�.
<br /> � ��
<br />_..� ......�,.....,,_....._,,,�.,,......._........;....�.._.,..�....�..,...._.,.my,.�..._._.._-..-�.._...._.._..,,....�..�.�,...,.,. .�. � _..�........�._�.._.__.........�.....� , „ ��-_. . ---.. __.---...,__....---
<br /> . . . . . ` ' .. m,�v.....�r ��.��..Tq....
<br />
|