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<br /> • • Ft�R�C�RD�D i
<br /> . , .. � ' �' . 9������� :�7� ��.���� ��
<br /> ' LOAN NO. 9769903 �
<br /> �� —
<br /> Borro�va�sh�tl pcomptly dischurge uny lien�vhich has pdodty ovar thin Security Instrument unless Earrower. (n) �_s
<br /> agcePS in wdting to the payment of the obtigation aecured by the lten in a nwnner ucceptable co l.ender:(b)contesta fn �,;:..
<br /> good fnith the Iten by.ar defends against enforcement oi the lien in, legul pracecdinge whtch in the Lender's opiatan
<br /> operntc to prevent�he enforcement of th�Ilen;or(c)secures from the holder ot the Hen en egreement satisfactory ro _
<br /> I�nAer sutrocdinatin� the Aien to thia Secudry Instrument.f4 Lender cietecmines that any ptut of the Property is subject
<br /> to n lien which mny nttain prior�ry over this Securiry lastrument.Lender muy Rtve Bort�ov�er a noticc identil'ying the lien. _.
<br /> - Borrotver ohall satfsfy the lien or take one or more of the acetons set forth above within 10 dnya of the giviag of rtoitce. �i
<br /> � S. �iaYard or Property Ir�uruRCe. Borrower shnll keep the improvemea[s now�xisting or hercafter erected on
<br /> .,=���� the Property inaured agafust loss by fire.hazards Included wtthin the term'extended covera�e'and any other haxards. �,_-
<br /> ''`"� includiag flooda or floodtng, for which I.ender requires insurance.This insucance shall be maintained in the nmounts
<br /> and for the p:riods thut Lender requtres. The insurmtce carrier pmvtding the iasurance shall be cbosen by Borrower �;'
<br /> t dacribed above�t�Lender m y wbicLender�a optio obtuin cove ge�tol protec BLender's f dghts ia tke�PropertY ne E�
<br /> uccotdancQ wtth ParagraPh 7. �--
<br /> All Wsurance policies and renewals shall be acceptuble to Lender end shuU fnclude a standard mortgage clause. �_
<br /> i. Lender shall have the dght to hold ihe policles and renew�ls.If Lender requlres.Borro�+ec st►all ProxaP�Y Stve to Lcnder
<br /> � r� aU receipts of pald premiucas and renewut notices. In thc event of loss, Borrower shatl give prompt notice to the
<br /> insuaance earrter and I.eader.Lender may mWce pr�nof of loss if not made prompdy by Borcoe�ver. -
<br /> ��. Unles.s Leader and Bortower othenvise egree in writin� insurancc Rroce�s she11 be apgliad to reswratton or --
<br /> " ^�, repair of the Pevperty J4.i�na�ed, If the restozattan or npair is economically f�.gibie azcd L.ender's securiry is not
<br /> lesseaed.If the restoratio�n or cepair is not eoonomiailly feasible or Lender's security would be lessened,the insurance _
<br /> � pmceeds shull be applied to the sUms secured by this 5ecurlty Insaument,whether or not thea dh�z,wlth an eacess _
<br /> U.IU
<br /> ` paid to Boxmr,n�r. If Borrower abaadons the Propecty.or does ao2 c�,wer withW 3Q days a notEc2 ffu�om Len er that the _
<br /> .. . :, iasura�ace�reiat has offered to settle A elaim.then I.end�r may c�iie�t the inauraace pmceeds, fl�euder may use the ___
<br /> proceeds to repair or�t�ore the Property or to pay sums sect+ced by this Securiry Iasm►meac, �vhether or gm8 then
<br /> � . due.The 30-day perlad w�Il begW whea the aodce is gik•xu. llcation of mxeds to principal shu11 aan�xiend -:.
<br /> ' ' Unless I.ender and Borrower otherwtse agr�e in�vriuutr�a,anY app P -
<br /> or pqstpone the due date of the montl�ly paymenta referrcd to irx paragrapl�s 1 and 2 or cbange the atnount of the
<br /> ,',� paymenta. If under para�raph 21 the Property is acquired by l.:nder.Borrower's rlght to aay insurance Po�icies and
<br /> ''``'���' proc�s�esulting from damage to the Property prtor to the acquIeition ahatl pass ta Ixnder to the eateat of the�ums
<br /> -, . , �,;., :
<br /> _' - secured by thla Secusiry fnstnutaent immed[ately prtor to the acquisition. � _
<br /> '�.';'. •`�. 6. �ecapaacy, Prese►watton� Mulnteaance�nd Protedioa oi the propeRyi Borrower s Loan App9fat¢ioa; _
<br /> . ='-'`;":,�; ` Leosehdds. Borrower shali occuPY.establish�and us�the rro�eny as Evriuwer's�rlaciPa! s�id�e��its�n s�a�c.y -
<br /> '`'.'' • days aY�er e�tre execudon of this Secutlry Iastrument aad shall continue to occupy the Property s�s Borrower's principal
<br />_;`..'` '�''� residence ffoa Fi least oae year after the date of occupancy.ualess i,.�nder othenvise agt+ecs in wdttng,which consent ,
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<br /> _:-::��' shall not 4m¢�nteasonably wtthheld.or untess extenutuing cIrca�ces exist wbicf►are beyoad Borrower's contro.
<br /> �-""«`__ � Borrower shall aot desmoy.damage or imyair the FrogeatY.allow the Pmperty to detsrtorate,O!CQIII�1It WIISIC OA tI10 ' —
<br /> -=,.-�:fi�1S`i _
<br /> .._� Property. Bomowar shalp�a in default if any forfeitrtma:nctton or proceedtng.whethor eivil or criminal.is b��;un tbat
<br /> ra;f:�2'��5�: Qxndet's aood faith jud�-�nt coWd result in forfeltunE of tho Pcoperty or otiieiwise materi�lly impair the liea cn�ted by =
<br /> -� '�w';t Wts Security Insmu�tent or Lender's secudty interest.Borcower may cure such a defuuit end miastat6.as provided la
<br /> :.';1�-.;,.-;':.":. ia Lender's goo� faiW
<br /> = . :`,s:` P��Ph 18� by causing the action �r praceedln8 to be diamissed with u culing that� .
<br /> Y'�=�='��• deteraninadon. procludes forFeit�re of tite Rorrower's interest ia the Property dr other matedal tmpatrraent mf the liea , .
<br />----"`'."`; created by thia Securicy Insuwaent or L�ender's security interest. Borrower shall ulso be in dofault if Borrower.during _-
<br /> w.,;�.j�. , w,
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<br /> - the loan appllcadoa prooess. gave materlally false or inaccurate infom�adon or statementa co Lendcr(or fc�iled to ,. '`
<br />____ --- —= provide Lender with any matcd�l iafora�atloa)iz►connecdoa with the IoAn evidenced by the Note.{ncluding,but aot --
<br /> �JII- — limit�co,nAnseatadons oonceming 9orrower's oocupnncY of the Property as a principal residence. If th�s Savrity ..
<br /> ---�.,,���• Insmimenn�s on a Icasehold.Borrower s h a l l comp l y w i t h a l l t he p ro v l a t o n s o f t t��l e a s e.l f B o m o w e r a c q u t r e s f e e t itla to
<br /> q�-�— - - thc Pmp�,^ay.the leasehold end the fee title shuit aot merge unless Lender agrees to the merger ia wrFtin�.
<br /> ----_°—-�- 7.�'alrlecNon ot Leuder's Rights tn t6a Pro . If Borrower f a t[s[o�r�ta r m t h e c o v enants an4 a$n�iuenta __
<br /> �_-�r,--��°•��°� wntained'an dta�s S�suri Insuument.or there is a lc �ecxling that may si�ni�canQy affect Lender's�n�ea in the :
<br /> --=_�°,:;„i`Y l�ropertv Q�u� as a p�iug in bankcuptcy. Praba e, far condemnasioa or forfolture or to enfor�nas �1nws or . F'
<br /> _ _,,_�;��,,, reguYatioa�),then I.endsr may do and pay for whatever is aeoessary to pmtect the value of th�1P�napertY aad 1�ender's
<br /> ---------•.� rights in the Pmperty.I..eader's acttons may incIude paying any sums secured by a lien ��+hn�?hn�priority ovec�this
<br /> —�`�a�� Sxuriry Ynstrument.aPPeariAB in court.PaYinB ceasflnablo nttomeys' fees a�td eatering ou'�� Pcoperty to mai:e
<br /> -- repajre.Aithough L��r may teke actton under thts parngrepu 7.Lender does a�xx lh�ve w do so.
<br /> =����,,� Aay aruowxs disb�nms:d by Lxnder under this paragraph 7 shail become additional debt of Borrower secured by
<br /> =�y;'°-"= thia Security Instnicaau. Unless Borrower and Lender agree to othes•tera�s of payment.these amowits shall bear
<br /> .�. iaterest fmm the da2e of disbwsement at the Noze rate�d shatl ite paynbie.wtth interest,upon notice from Exnder to
<br /> .�.'�': � Bomower requeattn8 PaYa►eat.
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