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98110246
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Last modified
3/13/2012 3:34:39 AM
Creation date
10/19/2005 7:54:19 PM
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DEEDS
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98110246
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u�' <br /> i .. . , <br /> . . <br /> �''� .._ __ ..__"'"'_""__ _" . <br /> . <br /> � ' <br /> °3$�7�:ri1'L:.��iLkF..tn'r�•_._<._ ,.• .._ -_ __._._._.._.___. __�_ <br /> . . � �'�� s.�.�.�� 98— isa� <br /> Propiert7 Inuiraste. Bamower sh�li kap 1hc improvemsn�s now cx4gung on c�tea4er uocted on the Property <br /> insured��ain�tlo�u by Tue, h�rards included wilhin�he term "exterided coverage" aiM any other hwvds.including t7ooda a <br /> Oc�odin�� for wh�ch Lender roqulra insunnoe.This inwru�ce shall be maintalned in the amoun�md[or the perloda Ih�t[.ender <br /> rcclu�+.Th�inwnnce carri�'ixovjdin;the insunu�ce ahW bo chosen by Bormwer subjxt w Lender'a approv�l whkh shW not <br /> be unreasoru�bly withheld. If Barowa fdls a m�inuirt cover�ge deacribod above, Lender m�y� st Lenda'� option. oM�in <br /> coveage ta pcotect Lender'e rights in tho Pmpetty in accordanca wiU�p�ragraph 7. <br /> All insurrrce policiea�nd ra�ewals stull be�cce�ubk w l,end�r md slWl include a aisnd�rd mortgage clAU�e. Lenda shall <br /> huve �he zighc a hoW �he policies a�d renewals,If Lencler requires, Bormwu shal!prompdy givc to i.ender all receipts of paid <br /> praniums�nd renew�l no;kes.In the evmt of lws.Borrowa ahall give prompt notice w the insurence c�arrier�nd Lender.l�nde� <br /> rruy m�ke proof of loas if not mde promptly by 9orrowu. <br /> Unkas L,eaxla�r�d Horrowa�thawiso e�grx in writing�lnswruice procc�i.i shaU�appliod w ratoration a rq�air of 1he <br /> P�'opaty damaged.iF the rtstoraliot�or�i�t economically feasibk and L.tnder'a security is not Ics,�enod.If the re�to�ada�or <br /> rep�ir is no1 oconomically feasibk ar I.�nder's xcurity wauld be lessenaf. the insurar�ce proceeds shall be appliod w the�ums <br /> socured by this Seeurity Insaument, whether a ncx lhen due. with any exerss paid W Bcxrowcr. If Barowrr ab�nc�►na the <br /> Pmpaty, or daes na answu within 30 days a notice from i.enckr thaµthe insuronco��ri�ha�offaai to seule a ulaim.ltKn <br /> I.ender rtu�y colbct the inaw'u�c�pRnooeds.Lenda mey use�ho pmccals a repRir or reswre the Prc�drty a w psy sums xcurod <br /> � � by this Security Instrument,whether or rat then due.'Ilie 30-d�y paiud will begin whee the notice u given. <br /> Unkas l,ender and Barrowu othd�wl�e�grac in writin8�enY�PP�icsuion of Proceeds to princip�l ahW not exta�d a poatpone <br /> thc due data of the munthlY paYmen�referrod to in peragraplu 1 and 2 or thange thc urwunt of the payn�nts.If wuia p�aer�ph <br /> . 21 tho Proppty is acquiral by Lender.Bamwa's right W eny insurmce policia and proceeds re,wwltinng fram dsnu�e io the <br /> �'�P�Y P��tho�cquisiqon shalt p�ss to I.�uier to the exterit of the sums sxund by this Security Instrwrrerit imirjediakly <br /> Pr1or to the acquisition. <br /> 6.Qx■p��.l'��aerrstio�,Malrbennce�nd Protectian of tYe Property: Borrow�er'� Lara Applkatbd; 1.e�seUolds. <br /> Horro�shall occupy,establish,and ux tk Property as Barrowu's pr;ncipal nesidence withln sixty days af�er the eaecudon af. <br /> thi:Sacuriry Iniwma►t and ahW condnue b tyacupy the Property a Borro�vor'a Pdncipt reaida�cx for u lamt ono yar atkr the <br /> dak of occup�ncy, unkas I.ender othawise agra�,s in writ�ng. which con.xnt slWl not be unrcasonebly withhWd�ae unle�s � <br /> exta►wdn�ci�umslmces ea�ist which ire beyond Samwer's cantrol. Bamwer shW not de�p�oy.drr�e a im�ir 1fie I'noperty, <br /> aUow the Proppty b deleiiorale, a oanmit w�qe at thc•Propaty. Borrower �liall be in defauh �f�ay fafeiwn�ction or <br /> prooeedin�.wt�dher civil or crimirW,u begw� dwt in L,e�kr's good fwh jud�a�t couk!rrauk in forfahure of the Property or <br /> o�l�rwi�e m�lrri�lly impir d�e Ua�cne�ed by this Sacurity ta+a�urner�t or L�eatki'a x�uriry inme�eet.Barow�er nuy aro ac4 a <br /> de[�ute�nd reinpsee,as provided in p�ngaph 18� by causin� rhe action o�p000e�edin� to be di�mided with a rulin� dut,in <br /> I�b�t'�good fllith detamimtion,Prxlude�forfei�u�e of the Borrowa''s inter�eet in the Pro�ty�r�»hK mw�.,�„..�.►�.�i r.F , <br /> ei��uen u�aled by ma Sacuriry L�uma�t a I�aider'a security inoae�t.Bamower sbW�Iso be ia defiult if Banuwcr,�tbo <br /> �"aPP��+�P���W�e mMerially faLe or in�ocur�e in[arm�tivn a ua�eneau w L�ier(a[�ibd a pavide Y,ondc Miqi � <br /> �y � �1tumWlon) in cannecdoa w�ih the la�n evida�cod bY d�e�Noie, includin�. but aot limi�ed �o, rep�'eient�ioo� <br /> coaoerninq Bamwa's occupmcy of the Prapercy as a Princip�l pecidea�ce:tf d�is Secw�iey Ins�umont u aa a lwehold.Barrowbr <br /> shpil.comply with W the provisions of the Iwe.If Barrowa�aoquires fa ptk ou the Property.d�e Iea�ohaW md the fae btle dull <br /> ra�l'ma'ge ueless La�da apeea�o tha ma�a in writing. <br /> 7.hoeectio�W l.ender's iti�bb L tre Property. If Barrower fails rn pafcxm tbe covaants�nd�repnaiu oam�ined ia <br /> dus Sacurity Imtnunen�a Ihere is a kpl P�nB��Y ��tly�f'fect l,ender'�ri�fiu in Ihe P�qpaty(ach a�a <br /> �'0�°�^s i°���1CY�P'��ar oo�dennadort a fafeiWre a b entoroe la�s a re�ulationa)�d�en L.eoder may do�nd pay <br /> for wheeavar Is ueoestry q proloct d�e v�lue of tAe Propaty�ad[a�da's r,i�dts ia the Propaty.L�mda'i actioaa mqr incWde <br /> P�Y�� �Y wtat securod by a Ika whicb has priority ovst thia 5ecurity Inp�un�t,apparin� h� car4 P�1'i++�C�'t.�.--ss�le <br /> aqomeye' fas �nd aqeri�on t4e Propa�ty oa cwlrE re{wirs.A1tLou�b L.a�dcr m�y t�te wr_.dnn wrlet d�Per'�1�h 1�Lender <br /> doa not�ave to do�o. <br /> �nr�a�uaed by La�da uada d►is p�ra�N 7 anau eecoaie aaauiond aene or sono�va,ewroa by d�sacuriey ' <br /> Ina�ummt. UNe�a Baro�a and L,enda apw b odier tcrriu of PaYman, th�anoun� dull bar lmarat 5om the dMe of <br /> ditburseeoent at die Nole nle�nd�dall be PaY�b1G with b�k�t,upoa nc�ace from I.ender lo Baerow�a requ�paympk, <br /> s-1NortP�e Iae�raaa. It l.enda requirod mong�ge inwranoe a a oondi6on of rtulcin�d�e lo�n�ecund by tl�L 5ec�afcy <br /> In�trument. Hocrv�er d�all pay tbe pranEums required to m�innia the mort�e insunr�ce in effoa. If. far�ny re�o�, die <br /> �WLa� �e�qu�+ed b�'L.eoder hpee�a aatat b be ia eE�ax.Bo[rower ehW p�y the ppniums requind p ,. • <br /> obWn covange wb�mti�uy equivaleat b 1Ae �atg�e in:unmce proviou�t� in eetax.�t a a�c wbwotWly eqniv�leat a�6e ' . <br /> caek�w Barrow�er ot�be mortpye insur�noe PnvpuelY in effx�rrora m atomuMe mo�t�e in�n+dr+Pp�oved by Imder.U <br /> alti�irttWly equivaknt ma�e ina�unnce cover�e is not availoble,Baro�ver sh�ll qy to I,eaia each d�onth�$um oqwl b <br /> ane-twclfth of the Y�Y�»cx Pnanium beint P�bY Ba�rowa wl�tbo Mauronce oovarase Lped or oeafod 10 • <br /> be in etfect x.endar will aoccpt�we and r+epin d�we p�yments a�i lo�s rcxeve in lieu of mort��e iaeivaoce.L.ou rrsarve . <br /> Forn�llti �l10 <br /> �-SII(ME)Itattl.at PaN S e1� Inn�lc_.._._, <br /> _ _ _ _ __ <br />
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