|
, . _ ...
<br /> k k :
<br /> �
<br /> �-�-c,.s. - �..� �.. ... 4: . .. . - -.�: � , �..�_...._ ..._._ _r�-- ,.�1s;' _- ,.�_.,,µ_.sc
<br /> . _ � ._.:.� _ a. -^r� _ -�-� r . . -�-
<br /> �`� . .. .` _ _ _` _. � �_ __ � "c _ - �..__ . _v�
<br /> - c r �;. - c� � ` ,T} -< c � t� _�. t. {, , c
<br /> � � f ` t''c • r�- �' ��, ! �" � .F:
<br /> .. �. -*-,tE-.-�z.. -y> ``��. f �� � `� . �.� .. '., s` -i � � . t �-'-:� -Gr -; ��o o��- i��;:.i�' T+'"
<br /> .�.. +~`� -. t . F. '�. C�.� 4 ��L!- Y!�t Y - C
<br /> . ' .� � u U SS .`F � C . - i -. c..�, �� � ie � E�•s;c `4
<br /> �C ?, i '� �i•�' :`� f <•� 1_. . _/� � 'Y•� �R 4- -.
<br /> - . � ..'Cc� ��4� � - � . � t: • . . � . � ' _ T(�t. 4 i<a^�.
<br />. • � . _ r . r c .c � cf . . . - •. .�Y- �a.
<br /> NC4 y ek Y ` 7 f . . � � T t'• " .�F`•1 -
<br /> . �. . . • _ .. . . ' . � . V� p- ` , l' .�.L_t. . .�
<br /> ,�t 4 . _ ..� �t` ;�' � �. .�S� . . � C 6 ! � .
<br /> Sr. _ . . _. ... � � �lY'� .'4 Z� .
<br /> . f. •. . . < r f � °- ..n� f- .<'.
<br /> . ;r' a.."
<br /> � ��� - -- � • �
<br /> i� • `Y; ,
<br /> , �� _ _
<br /> 4 t• � ����� � r •
<br /> ._�� r.
<br /> ' ' -�- vidin the insurance shali be chosen��rrower subject to Lcnder's `"�.,:,;
<br /> . ��, periods that Lender iequiies. 'ft►e insuranca carrier pro 'ding : .�.:.� .. ;.
<br /> • approval which shall not be unreasonably witbheld. If Borrawer fails to maintain coverage descn'bed above.l.ender may.at . , F���` ,� Y.
<br /> . ...=.-'.„:'� Lender's aptian.obtaui cov�rage to piotect Ixnder's rights in the Propeny in accordance with paragrap6 7. e ctause. Lender : '� s`..'
<br /> _- ---�� , q����p��ies and renewals shaU 6e acceptable to l.ender and shail inctude a standard m e t Lender a!1 receipts � ' _- -
<br /> • � s�all have the righi to hoid the policies and tenewals. If Lender requires,Boanwer shait PromP Y P� :.?�:.;; ,•,-'
<br /> of paid premiums and ccnewal notices. In the event of loss.Bormwer shali gire Pr+omPt norice to the insuraace cazrier and ;' , �
<br /> of of loss if not ma�e pmmpdy bY Borrower. ' .�' ' P'=
<br /> � • " :: i.ender. Ixuder may make pm shall be a i�ed w restoration or repair of �•'�. :.�_
<br /> Unless lender aad Borrower otherarise ag�ee in writing,insurance prace�ds PP� _�_. ,_.:;� . :
<br /> `•: <. feasi6Ie and Lender's securiry is not lessened. If the.
<br /> the property damaged,if the testoration or repair is ecanomical}y sha116e ` :t a�'=_
<br /> ,l�`'�--- - restoration or sepair is not ecoaomically feasibte ar Lender's s�urity would be lessened.the insur�uce Pmc� t ._
<br /> :-'� •appfied to the sums secw�ed by this Securiry Instr+rmen�whether or not tben due,with any eaccess paid to Boma�ver. If x.-
<br /> � � .. or does not answer within 3U days a natice fmm Lender Lhai the insurance carrier has
<br /> , . ,..� Bor�ower abandons the Pruperry. � _ -
<br /> offered to settle a claim,then Lender may coltect the insurance proce�s. �nd��Y°Se the proceeds to tepair or tesmte
<br /> or to sums�ecured bF this Security I°5��,�e��°?not then due. The_30�daY Petiod w�ll begin when
<br /> �:: the YroB�Y FaY .'
<br /> `�� she norice is given. � fication of ceeds to principal sliall not exten�or _:t -
<br /> ' ' Unless Lender and Borro�ves atherwise agtee in wriimg, Y aPP a �° - S_.'-_
<br /> enu;efer�ed ta in paragraPhs 1 and 2 or change the amount qf the payments. If
<br /> , '•�: �r'. " postpoae the due date of the mnnthlY P� t�.sulprtg �-.
<br /> t•� F � ander ParagraPb 21 the Pra�perty is acq�ired isy l.ender,Boanwer's right m any insurance policies and�roceeds T _
<br /> fmm dainage to the Property prior w tfie aa�msmon shaU pass to Lender to the extent of the sums`sec�uea 8y th3s,Secur'stY . -`` :
<br /> ' .Inst►�tetu imme�iatelY Prior to the acquisirion. Bosrower's �.oan APPlisatfon; � r:
<br /> • 6. Occapaincy. P+'esenad�u+ Ma��°�ce and Protection of the PcopertY: -.--.
<br /> >;�.�4' ,
<br /> L e a s e h o l d s. Borrower shal!occu py,establish,and use the Property ac Borrower's pnncipal residence within siaty daYs after .
<br /> ' . the execution of this Sec�rity Inswment and shatl continue to occupy t he P r operty as Bo r r o w e c S p ri n c i p a l r esidence for ai .,r,�;�,_.
<br /> ' ' least one year after @►e date of occugancy. unless Lender oti�nvise agees in writinS, wh'sch consent shall not be �
<br /> unreasonably.withheld,m'unless extenuating circumstances ewsE whicb are beyand Borrawer�s controL Ho B�w�s��S�I ;' _..._r'"
<br /> .�_ ., d e s u o y,dama ge or impair tt�e Ptoperty.aUow the PropertY to deteriorate,or•commit waste op the Property. � ._3.�.: .-_
<br /> ' be in de.`atilt if anyfoffeiture acdon or praceeding.w he t her civi l or c r i m i n a l.i s b e g u n i h a t i n L e n der�s g a od faith,judgmectt E..,,_,_ �.�,,,,
<br /> " �:��.•�,,�. ' ` c u u i d r e s u l t i n f o r f e i t ure of the Pro perty ar othenvise materially impair the lien cceated bY this Securiry I�ment or � s.`
<br /> ' . .:� Lender�s sec�rity intetest. BomowPT MaY cur�such a default and reinstate,as Provi d e d�.�p h 1 8,6 y c a u s i n g t 3�e a c t ion
<br /> ••�-� or ro�n to be disraissed with a ruling that,iu 1-ender's good faith deteanination.4r�ecludes fo�feiture of the 8orrowerk �r'u `
<br /> . ;�� . -t P g 'rment of the lie�created by this Securiry Instrament os Lender's security — �" __-
<br /> � i n t e r e s t i n t h e P r o p e rt y o r o t h e r m a t e r i a i u n p t u
<br /> � �,��� • ,+.� interest. Borrower shall also be in default if Borrower,during the taan app l'ication proce s s. g a r�� m a t e r i a l l y f a l s e o r 'i�_-
<br /> :;�, finaccurate infortnation or statements to Lender(or failed to provide Lender with any material informzti�)in connectio f�the "'�' *�f
<br /> - - - � -- �,:�oaz�evidaic�d by the Note, incIuding. but not limited to. rep�:sen t a uocrs c o n c e m i n g Borrower's occupaacY �._•.._:' ----
<br /> . teasehold.Borrowec sbal!comply with ai1 thepravisions � �.- --°
<br /> � , 1?�erty as a pnncipat residence. If this Securiry Instrument is on a :..==r=�.� : _.-__
<br /> .:�,:�� . -
<br /> _ ' _:��:�� � of the tease. If�ormwer ucquims fee titls to the PropeRy.the leasehold and the fee�ide shaU not merge unless Len�agrezs '{,� ....__.
<br /> __- _=:,,�-.-,..-.:..� . ! ,
<br /> to the merger in writing• If Banawer fails to perform the covenants and agreements . rw'• �
<br /> ?, Protection of l.ender's Rights.in tbe Propesty t : #,,;�:.
<br /> •� ' , '• � �#i contained in this Security Instiument, or ther�e is a legal praceeding t,�at may sign�cantly affect Lender's righGs in the ' .��. '-a�
<br /> . � �� •°•,f Property(such as a prnceedinS in bankn'Pt�Y.probate.for condemnauon or forfeiture er to enforee laws or reguladons).then ' .:i,'.;" : ::�.
<br /> _ �•� Lender may do and pay for whatever is neces;ary to protect the value of ihe Prop�?and Lender's rightc in the Property: ,��,�1,.
<br /> • :,'S.;, Lender's uctions may inelude paying any sums setured by a lien which has prioriry mti�chis SecumY inswment,appearing ��� __
<br /> � � .r;��. in court,paying reasonable attomey.s•'fees and entering on the Property to make repairs.Althougb Lender may tadce action j ..
<br /> �nder this paragrapb 7,Lender does not have to do so. _� .,.
<br /> . _ Any amounis disbussed by l.ender under this paragraph 7 shall become additional debt of Borrower secured by this
<br /> '��l. SPCUriry Insmrment. Unless Borrower and Lender agme to other terms of paymenti these amounts shall beaz interest from the w.�S __.
<br /> � '�` �;se of disbursement at the Note rate and shai! be payable,with interes�upon notice from.Lender to Borrower reqaesting }� —
<br /> '• . ' Payment
<br /> �` 8. 1Vqortg�ge Insusance. If Lercder required mortga�e i�surance us a condition of m�king the loan sbcured by this � � �
<br /> �` .r , . . � : • Security in5kument,Barrowes shall pay ihe premiums reyuired to m.�intain the mortgage insurance in effect. /f.far any _' ,Jra, , _.
<br /> .;�; reason. the mortg A ge insurance coverage required by Lender lapses or ceases to 6e in effect.Borrower shaU pay the �-�
<br /> ' premiums required to obtain coverage substantially equivalent to the mortgage insurance previousty in effect. at a cosf , �.
<br /> .. � - � ' substuntially equivatent to the wst to Borrower of the mortgage insurunce previously in effecK.from an altemate mortgage , �' , �.
<br />- . � ' � .�-' insurer approved by Lender. lf substantially equivalent mortgage insurance coverage is not available.Boaower shall pay to ' �f`; � '''
<br /> �` , , ,;:>�; Lender each month a sum equal to one-iweifth of the ye:uly mortgage insurnnce premium being paid by Banower when the
<br /> � • iasuranse eoverage lapsed or ceased to be in effect. �ender will accept.use und retain these payments as a loss reserve in lieu
<br /> '�'��": '� + �of mongage insurance. Loss mservc ps+yments may rto longer be cequired,at the option of Lender,if mongage insarance
<br /> : ; cewerage(in the amount and for the period that l.ender requires)provided by an insurer approved by Lender ag�in becomes
<br /> available and is abtained.Borrower shall pay the premiums required to maintain mortgage insurance m effect,or eo provide a
<br /> • � • . � loss reserve,until the requirement for mortgage insurance ends in ascordance with uny written agreement between Borrower
<br /> � ` and Lender or applicable law.
<br /> ; � ... 9, tnspection. Lender or its agent may make reasonabte entries upon and inspections of the Property. Lender shal!
<br /> '' � � give Borrower notice at the time of ar prlor to an insQection specifying reasonable cause for the inspection.
<br /> �� ". � � 10. Condemnation. The proceeds of any awurd or claim for damages,ditect or consequential.in connecdon with any . _ .
<br /> ' ' . Singie Funi(y-•fannie MacJi�reddis Mnc U�fIFORM ItiSfRU!NENi'--Unifortn Covenar�t� 9I9� IPuR�j��I b pageal
<br /> . � . . � (natlatc88o9nfhs-iCl4R►IDG� �--•� �
<br /> - � TO OM�r�clt 1�;,J69�1 Q P�81&70td13/ .. .
<br /> . I '
<br /> �.. �
<br /> " _ . .����...�_.T.---.-^-.. .�._. ' . --.�-.-..----�-�^-_-°^""'-' , . . � . � � , ..
<br /> • ,. 1. _ . ' . . . . . . . . � i . ' . � - ' : .. . - . .. ' . _' �. -_ . ' .
<br /> 'i• . . ' t - , . . . • • ._ � . •� . � • .,,.,r��,._.._.'�_-+-r_:.r»--".-, t= .-.
<br /> . .
<br /> .
<br /> . . . ,
<br /> . � .. . . .
<br />. . . . -. � . . .
<br /> +��.,....-.._......-. . . .�`T""'^••'�^`"� -
<br /> ......�w.—� t.
<br /> . .
<br /> . '
<br /> :
<br />. . . . . . .. . . .. - ..�. . a.f..�. . � . . .,. . ^ e.`1 .:. .._.�_._i . '' ' . .. .,._. ..... . ... ...+...... . ... . .. _ .... .... .. ....._ ._ _ .........� ........ . .e.... _..
<br />
|