|
„ .. ��
<br /> -__ 'T,�.���.__ •�J.'r•`l''�T"�,','�'�”. .a...�, _ __�1i i•1 41e��L+�-4."!'?!Y9►.�y,�ue�i.�....�.�� .
<br /> �.Z��_:���_.._ �.si�Y:� �a�
<br />.-_.._�.�� �..�o«...,.r.-ir..-__ -- "��i@1RL+i' �R��S�QQ!f.�J1Rn4R'.��2._.y-�..:.._
<br /> 98-- �s�ss�
<br /> of thia Soeuriry Inatrumntt an! shal!contlnue to occupy the Property ae 8orrower's princip�!residena for Yt leut c►ne yeu�fter
<br /> the dite of occupu�cy,utttcss I.,ender otherwise agrat u►wridng,whlch conaent shall ao1 be unrea�sanAbiy withheld,or unless
<br /> cxtenuating circun�wnas exist which are beyor�d Bonower'c control. Horrower shall not destroy, dam�ge or impair the
<br /> Propecty, allow tl�e Property to detedorue, or commit w�ate on�he Property. Borrowet shdl bc In default if�ny foi�feiture
<br /> ection or proceedings, whNher crvil or crimicW,is begun that In I.rnder'a good futh}ud�ment could result in forfeiture of the
<br /> Property or atherwiss c►ta�ti�lly imp�lr the lirn created b�this Security Instrument or lxntkr's securiry interest. Borrower may
<br /> cure auch a def�uft and reinque �s providod in puagnph 18,by cauaing the�ction or prourding to be dismi�sod with a ruling
<br /> tb�t, in Lender'e good faitb detemsinuion, precludca forfeiture of the Horrower'a intereat in lhe Property or otlser m�teri�l
<br /> impdm�a�t of the liea crated by W4 Security Instnunent or L,ender'� sixurity interat. Bcxrowa �lull dso be in def�ult lf
<br /> Borrower,during the loan applicuiaa proca�,gave mueriall�f�lae or in�ccurue Infomutian or etataneata to I.ender(or fuled
<br /> to pmvide Lender with any mate:id infomu�tion) in ww�ecuon wltit ihe loAn evidenced by thc Nota,ir-ludiag.l�ut not llmited
<br /> to,repraa�tuiom cancerdag Bomower'a axupuicy of the Property �s a pdncip�l mideaa. If thie Se�urity Ins�rut,.ent is��
<br /> i leaxhold, Borrower ahall comply with �11 the provisiona of the lwe. If Borrowet aequira fee tit�e to the Prope�ty, tl�e
<br /> ieagehold and the fee tide �hall not merge unlesa L.enderag roes to the mergcr in writing,
<br /> 7. PrM�etion ot�'aRishts in tbe Propaty.If Borrower fuli w pedorm the cava�wa uid aQroemeats conuiaed
<br /> in thia Socurit�Irutrumrnt, or there ia a legal procooding th�t rruy significantly�ffect I.ender's righW in the Property (such u
<br /> a prooceding �a b�nkn►ptcy,probate. for wadanouioa or forfeitun ar to eaforce lawa or teguluions), then Lender m�y do aad
<br /> Q�y for whuever it nx,essuy to protect the v�lue of the Property ud I.ender'a righta in Ih� Property. L.ender's actlo�iruy
<br /> �nclude p�ying any sums aecurod by a lien which 1ua priority over this Secu.riry Ia�uument. �ppa�nn� ia court,paying reaaonable
<br /> �ttorneys' foa u�d enuring on th�; Property to mdce npairr. Althosgh I.ender may uke �ctiaa under this paagrq�h 7,LaMa
<br /> does not have to do so.
<br /> Any unounu diaburaed by Lrnder under thi�par�gniph 7 ah�ll ba;ome additioml debt of Horrower sxured by this
<br /> Secur-ity Inatnima►t. Unlea Borrower and I.ender �gree to other tertns of payment, thae amounta shall bear intecat from
<br /> a ' ::,r ti, �. w, W . e
<br /> .the due oi oabur�nxni.�i dic i.ute r� wK,:�:fi��aYs�lc,��t� iuwr.:..i,uFan ac ,,r.:L-a r sQ :-_� e r_�t�slne
<br /> � ptyment. � ••
<br /> a. Mort�a=e Iaaunnoe. If Leader roquieod mortg�ge insunooe u a conditioa of mticing the loui �ecured by tlti: �
<br /> Securiry Instcumau, Hdrrnwer s6all psy We praninms �equired to maiatun the murtg�ge imurioce in effect, If,for�ay rawn, ,.� :.
<br /> the mortgage inaur�nce oovaage re�uired by Laider 1�or ceates w be in effxt.Borrower ahall pay the permi� roquired
<br /> to oMain coverage �ub�tanddly equivtleat w tho rtwrtgage insurance previoualy in effect,tt t�oost substanlially equivalent w
<br /> the c�t to Horrowa of the mortpge inaur�xx pt+evtowly in effect.from�n altecnMe rnortg�ye intum 9pproved by I.rnder.
<br /> If suMtuititlly equivalent mortg�ge lnauaoce oovrroge it aot�v�il�bk,Borrower sh�ll p�y to l�s�det e�ch month a wm eq�W
<br /> � . to one-tweltth of tbe yearl�r mort�ge tosururoe�rtmlum bdpq p�id by Borrower wbea t6e insuc�ncx coverue l�qed or aa�ed
<br /> to be in efExt. I.rnder will�ooept, we�od rewn tl�: paymeats:a�lo�raerve in lieu of�murtgase intunu�oe. I.o�t raave
<br /> MY�� m�y no lonaer be roquirod� pt the option of i,eader,if,moct=qe inwraooe oover� (in the anount md for t6e period
<br /> thac L.eader requircs) provided by an inauar appmved by L,eadsr�aia booana av�il�ble�od it obuined. Bonower �lu0 P�Y
<br /> • ct►e peaniuma requirod to mintain mortga�e insur�u�oe ia effect.a to provide a ioss raerve,wNil the roquimneat for a�o�tta�e
<br /> fn:uruioe ends la a000rd�aoe wiW aay wnttea a�rear�ent betwan Bomowa and L,aider or �pplic�ble l�w,
<br /> 9. In�pedioo;•�.h�der or ita ageat may m�lce rcaeon�ble envlex upon md insspa�iau of the Property. L.eader �ll
<br /> give Bonowa notice�at thdtime of or pdor to �n �nspoction 3pocifying raronable c�use tor the iuepeaiaa.
<br /> 10. Cendeme�tlbn. The proceeds of anq awud or cl�i�for du�a. dirax or cansequ�ti�l, in oonnection with�ny
<br /> oQndemru�tion or other takina of any p�rt of t4e Pc+opaty,or for conveyana in lieu nf 000deueu�tioa, ace uaebY aalp�ed aod
<br /> shall be p�id W l�eader.
<br /> In tbe eveat of s total tulciag of the Property, the proceedt ah�ll be �pplied to tix nurru aecured by tW� Securiry
<br /> Insuumen¢, wi�esha or not tha�due,with my txces�pa�d to Borrower, In the event of a prt9d aking of tLe PropeRy in which
<br /> the fair market v�lue of the Pt+operty immodiuely before the uking i�eqwl to or iha�the unouat of tbe�nn �ea�red
<br /> by tt►ia 5ecurity inttrutrxat immediately before the tticin�,wilar Bomower and �othmviu �gree io writln�,tbe wm�
<br /> tecured by dtis Security Inpnuneat e1W1 be roduced by the �mount of the proceods multiplled by the foliowic�fn�x�on: (a)
<br /> the totyf umunt of ibe �wns �ecuced immodiately before We Wcing, divided by (b) the f�ir mt�rka v�lue of the Property
<br /> �, imcnodiuely beforc the taklo�. My bal�nce ahall be paid to Borruwer. In the event of s putid taking of the Propetty in whirh
<br /> . . the fur market v�lne of tbe Propercy imimediately before tthe taking I�las than We ariount of the�uau �eaued immediatdy
<br /> before tl�e aking. unitat Borrower uid Leoder uthawin agra in writing ar unlest applic�ble i�w ahawi:e provida. the
<br /> proaeds•stWl be applied W the sume �ecured by this Security instrua�at whether or not the ttu�ue thea due.
<br /> If the!'roperty�is�bmdoned by�orrowa.or if.atter notbe by I.eader to Bort�owa tlut the oondeamor otYen w m�ke
<br /> � an awud or�ettle a cl�im for d�ru�es. Borrower f�ila to reapond to I.ender within 30 d�ya ilt�r the duts the notke i:given.
<br /> L�ender ia authoriu�d to collect u�d �pply tde ptocobd=. ot its optivn,eitf�r to cesWruiaa dr repair of the P'ropn�ty ot to the
<br /> sume secured by this S�urity Icutnrment. whaha oc not tha► du�.
<br /> Unlas l.eader aad Borrowa otherwiee agroe in writing,anY application of proox+ci� to pdncipsl�hall not�xuad or
<br /> postpone the due date of tbe nwnti►ly payma►ta neferred to In p�ragr�pt�a 1 at►d 2 or ctunge the amount of auct► paymnta.
<br /> 11.&wrowa'Not Rek�ed;�'orbeu'ana by I.ender Not a Wd�er.Extenaion of tho time for ptymeat or inodification
<br /> of suiwrtization of the�w�v�ecured by this Security Lutc:,meat gnnud by Leader to my wccaror in interat of Borrower dull
<br /> not operate to relwe the Ilataility of We origin�9orrower or Borrower't�ucaiwn in iaemt. I.ender �11 aot bt requlred
<br /> to comrtia�ce proceedi�►8� a��inst �ny.�c�es+°r in interat or re[uae to oxtend tirn for payman or ocheewiee modify
<br /> unonizuion of the sums �e�cural by thu Securlty Imt�umrnt by ra�on of aay den�nd mde by ttx odginu! Horrower or
<br /> __._ _ .. t�.Y... ♦..., i.1..r...w 6v i Mvlw� In w:rrri�{ne �nv ri�ht tv mnedv ih�ll aot 6e a �vilvrs of or
<br /> OV�TVWCI S iYt�cMili• in ww�w•. ..y •v.;�..�� �� -�-_-' .. _.."_�_o _� 'r' "'-'__�
<br /> proclude the exerci�e of any right or remedy. �
<br /> 12, Suocessors and A�u Bow►d;Jdnt�nd Several Li�blllty;Cad�nen. 'Ibe covenmb md agrameats of thia
<br /> Securiry Insttun�er�t th�ll bind uid ba�efit the svcceasoro �ad �sigm nf l.cnder �od Bomower. tubjoct a the provisiona of
<br /> psragr�ph 17. Borrowa'�coveuaats wd agcoat�enta shill be joint u�d uver�l. Any Borrower wbo ro-sigas this Securiry
<br /> Instrumrnt but does not execute the Note: (a) is co-aigning this Security Instcwnent only to mortgage, grwt u�d convey that
<br /> Borrower'�intecest in the Propeity under the temia of thie Secudty lnarun�ent: (b) Is not pcnon�lly ablig�ted to pry tbe sums
<br /> sccured by thia Security Insuument; s�nnd (c) agras that Lender �nd u�y other Borrower may�gra to extend,modify.forbar
<br /> or make sny�ccortunodationa with regud w the temu of Wia Securiry Insuuma�t or�he Noee witbout that Banowa':con�at.
<br /> 13.Lwn Char�e�.�f the 1os�c�socured by this Seeuriry instrument is subjxt to a I�w which sets mulnwm lom ch�r�a,
<br /> u�d that law ia fuully inteTpt+etod so that the inteeeat or other loui chargea pql�ted or to be collecced in conaoction with the
<br /> IniCi�l�: ,�,�LL ��,
<br /> NESitAJKA•6f�le F�oYy•F�orle M�NF1r�d�e Mae UNIIOAAt iN3'I�p1NLN'I' FRa�OQ� 11f0
<br />— PrQe �of� 3lNBCJ 011ff
<br /> _ —_
<br /> _ _
<br />
|