|
-n;w.. � '' �j ` - -- _ .
<br /> ���.. ,,_z_.+,q� . . � . .r.
<br /> 93- ioc�ss
<br /> � periad�Uw Lendar roquiras. The Insur�nr,o ca�rlc�povWin�Ihe i�uur���11 bo cho�en by&xrowe�wbjact b L.�krti
<br /> approv�l whkh�tWl not be w�neawqaWy withheld. It BoROwar fails w mainaln coven�e deacdbed,�bove.l,p�der m�y,B
<br /> � I.enderti optbn.abWn covenje w pr000��t La+darti dshu in the Property in�cooaWice with p�n�r�ph 7.
<br /> Al!in:urmce policia�md renow�l��11 be�ccept�ble to l.�ander and�11 includa a q�t�ni mort�e clwu. I.,ander
<br /> �hall luve tho t1�N w hold the policip�nd ronew�ta. Itl�ondar emqqina�,Bonvwer�11�promptly�ive to Lender dl rooeipts
<br /> of qid prcmiuma�ad renawd ndke�. in�he event of lora.BQROWOi tthQll.�IvQ PIDIO�1t IIOdCe b IhC 1111ulMICO CNft'141',yld
<br /> l.endar. Lender roay mdce pmof oP lou if not m�do panplly bp Bamower.
<br /> Unicxs Lender�nd Borrower otNerwirc a�roo in wd�in�,inaur+nco ppoaaada shwll ba�ppliod to r�toration or ropwir ot
<br /> - the��k��ty d�od. if the�e�toration or rcprir i�ecrnxr�niaally feuibla wnd l.cndorh iccwity is na leuened. 1f the
<br /> ie a rep�ir is not econanic�lly feuiblo or I.eodarb sacurity wouid be leas�nad.�a insurance prooeeds �II be
<br /> appUed to the:um�secured by �his Sacurity In�trument, wbatber or nat than due.wlth any eac�qld to Banower. If
<br /> Bamwer abuKloiu the Propetty.or doea m�t,an�wor wlthin.3(f days a notice fiom Lcnder that tho in�uron�;o c�rrkr hss
<br /> _ o�ercd h►settle a rl�im,then Lendcr m�y collact thp inaurance pnoceed�. Lender may uco�ho p�vaocdp to r�pair or�euoro
<br /> — tha Hoporty w to p�y sums�ocur�ed by thio 5oaudly lnstrumen�whether or nat then due. 7'he 30�day pet�tod wUl be�in when �
<br /> tha notfce is given.
<br /> Unless Lender and Borrower othenvise agrce in wrlting,any epplicatfon of procoeds to principal ahali not extend or
<br /> postponc the due date of the monthly paymenta rcferted[o in puragr�pha 1 and 2 or change Ihe amount of the paymcnte. If
<br /> under perogreph 21 the Property is acquired by L.ender.Borrower6 right to any insurance policies and procxds recuUing
<br /> from damage to tha Praperty prior to the acqui�ilian Rhall pasa to Leader to tha catant of the suma securod by thf�Socur�ty
<br /> Inspument immedfataly prior w the acquiaitian.
<br /> 6. OccnPaac9. Prcaervatton, Malnteonn¢e Nnd P1�vtectinn of tl�e Properq't Borrower'r I.aoa Applkatloo;
<br /> Leardiold�. Bormwer shall occupy,aetablish.md usa tho Ptvpe�ty ae Borrowerls prinai�l�esidenco wlthin�faty dayA after
<br /> the execution af this Security Inr.nument and shall�continnv to vccupy the Q�q�erty aa i�arowerb prLwipel reeidence for at
<br />-- least one yeAr after the date o[occupancy. unisss l..ender otberwise ag�ees in wiiting, whiah consant shall nd be
<br />" unrca.c4nably wlthheld.ar unless extenuating ci�umstences axprt which a�+e beyond Borroweris condol. Bo�rower shell not
<br /> - — destroy,damage or impair the Property.aUow the Pnu�erty to deteriorate,ar commit waste on thc Propcny. Borrower shal�
<br /> be in default if any forfcitura actioa or procading,whcther aiVi!�or criminel,ia begun d�at in L.ender�s good feith judgment
<br /> ,��� could asult in forfeituro of the Nnperty or otherwirx matsrially impair the lien created by this Security Inspument ar
<br /> -_`- - Lenderh security interes� Bom�wer msy cure such a defaul��aad tainstate,as provided in p�ragraph 18.by causing the aotion
<br /> — or proceeding to be dismissed with a ruling that.in Lenderl�good faith dotemtinetion,preciudea fort'eitune of the Botrowerh
<br /> - —_ inrercst In the Proputy or aher materfal impairment of the lien crca�ad �fg this Security Instrument or lxnderk savr�ty
<br /> _ interest, Borrower shall also be in dcfault if Borrower. during �he Ioan appilaation �ocess, guve materially false or
<br />-_-�,��.� inaccurate infortnation or:tetemenia to Lender(or failed to pmvide Lender wlth any materx�t information)in connecHon with
<br /> �a�`��r�� the loan evidenced by the Nae,including, 6ut not limilad to. r�aprtsentadona conceming Borrowerk occupancy of�he
<br />'�_��+�'-'�;� Ro as a principal residence. If Wa Security InstrumonG fa on.a I�esohold.Horrower sha]I comply with all the prqvjsions
<br /> __ -=- ' uf�lrasc. if Sarrovv�r acqutres�.a tltk to the Piap.rty.ttip laasahaid at�d,tita€�e tiile chati rt�x r��cr�n eni�ss t.ender wy�ees
<br /> �, �;..�
<br /> W the merger in writing.
<br /> 7. Pratectbn of Lender's Righhts (n the Property. If Bomnwer fails to pedorm the covrnAnu;and agroemonts
<br />- � contained in this Securiry Inatrument,or therc is a legal proceeding that may significandy affect L.ender�rights in the
<br />" _,r• PropeRy(such as a proceeding ir�bankniptcy,probate,for condemnAtion or fort'eitu�a tu enforce laws or regulatlon�)„ihen
<br />�- ,;., Lender may do and pay for whatever is necessary to protect tha velue of the Prnperty and i.ender's rights in the Propaty.
<br /> Lender�actions may include paying any sums secured by a lien which has priorlty over this Security Instrument.oppeaiing
<br /> in couh,paying reasonable anorneys'feeR and entering on the Property to make repairs. Although Lender mny take Rctioa
<br /> under this paragraph 7.Lender does not have to do so.
<br /> Any amounts disbutxed by Lender under this parugrnph 7 shall become additional debt of Bomower secured by this
<br /> --s Security Instrument. Unlos�Borrower and[.ender agrcc�o alher terms of payment,ihese amounts shall bear interest from the
<br /> �� date of diabursemcnt at die Nate�ate nnd shall be payable,with inlerest,upon notice from Lender to Bortvwer requesting
<br /> paymenG
<br /> 8. Mwtgage Insuranee. lt l..ender resJuired mortgege insurance as a condition of making the loao secured by this _
<br /> - Security Instrument,Horrower shall puy �he premiuma required to maintain the mortgage insuronce in effect. lf, for any
<br /> '- ,q�� reason. the monguge insurance coverage required by L.ender lapses or ceases to be io effect, Borrower shell pay the —
<br /> �'"t , prcmiums required to obtain covemge substantiully equivalent to �he mortgage insurance pmvlously in effxt,at u cost
<br /> -���'�:'•� substantinlly equivelent to the cost to Borrower of the mongege inaurance prcviously in effect,from an altemate mortgage
<br /> � ��''`i,'•'�. insurer epproved by Lender. lf substuntially equivalent mortgage iasurance coverage is not availuble,Borrower shell puy to
<br /> ,�`� `�',�I:` Lender each mon�h a sum eyuul to one-twelf�h af the yeArly mortgage insurance premium being paid by Borrower when the
<br /> �` insurance coverage lapsed or ceased to be in effect. Lender will uccept,use und retain ihese paymencs as o las�re�erve in lieu
<br /> �:,.,;^{r: of mongage insurnnce. I.ass rexerve payments muy no longer be required,at the option af Lender,if mortgage insurance
<br />_ i : .E'i�t::�
<br /> ::,�.�S;F,:... • coverage(in 1hc amount and far Ihe period that Lender requires)provided by un insurer uppraved by Lender again becomes —
<br /> ,�:��..~t•
<br /> ___ -,�,�w.,,,. availoble and is obtained.Borrower sholl pny the premiuma requited to maintuin mortguge lnxurAnce in effect.or to provide a
<br />>,y�� r loss reserve.until the requirement for mortgage insurance ends in uccordunce with nny wriuen agreement between Borrower
<br />_ _ •�''.. and Lender or applicable luw.
<br />-' :�� ` .� �. '• 9. Inspection. Lender ar its agent may make rea+onuble entries upon und inspections of�he Prapeny. Leikier shall —
<br /> v t�u�;�;t,�, glve Borrower notice ut Iha time of or prior to nn innpcction spccifying rcuxonuble cause for the in9pectiun. _
<br /> • r.;�• . 10. CondemnotEon. The pra�eds of any awurd or cluim for dumuge�c,direct or con�eyuemial,in connec�ion with uny —.
<br /> ,� :.�,�;���+?.�, Singk Famfly-•Fonnk MaelFreddk Moc UNIFI)RM IN.4TBUNL�NT••Unifarm Cormunts 9/90 f/wRe 3 nje IwResl
<br /> . ��'t•; ' ;• .. _
<br /> :�.�,.:�"�:::. ToOidMf�rM: t��0Ub3Q�Y003,0iA1IY1&•Y41131
<br />. ' ~'�Cf�� �'�-�'t. `_
<br /> •��I�:));`�i, �.
<br /> �yit���t.,y�� ' --
<br /> - �i�`ir'f[i••M! � . .... � l.�it� • �. i. .��� �{?�.t±°( V�,`y'��,yr..;.:�.�.y . . .J. .1 , �:;..
<br /> �.•r s -11" - . .1 jl" . - '� '� ,:.�•''. �1 _. �,t
<br /> �� �4 : - . ..0 fr t>f, �. • - , p . .� � t,~l.� 1.�+ �l'�;,r: .. - . �
<br /> • �
<br /> + . .- ' _ ' . : ... �..� .
<br /> _ . c� " . 1s�, ' t` � . . 1.��„111. t�` � ; - . � - R s ,'M :�"�.• • -
<br /> . ,- :
<br /> 4�•-••'.2d.�fi6.i.ld�IfdAti�:. ' '
<br /> .
<br /> . . , •
<br /> � 1 . W
<br /> ---� ,:�•.1i���t�L. � -_.t�_.��. � _1__ �..a,diA ,e'�!�YW'.�;�rt�J�Itca,e_rz'.
<br /> _ . .. Y .
<br /> c.a — �36�.;.. — "a^ °--- - -- - -- - -- -- - ----- ---- - --- -- -- - � - -- - - --
<br /> _�___---- _ �,,;
<br /> �i �, k„ . :._ , . . .....a� , ,- '.. . .
<br /> . �
<br /> _ sr� rxA�y. . •�� • . � ,. .
<br /> �� ,;. ���.;' �'.,a;;:'••" d ., .. '7�:,• ' "� � .. . - ' � ^ ' ' .. . . .
<br /> -_- :k�;�,�r..�c`'- • �'1'' • . -• „
<br /> -��--'°'°�__;�;::�.:�c,�:5. . .. _ , .
<br /> !��•��+°
<br /> �eeii�ma¢x�rn��0a�i�,j,,�,�,. .,. • . � . ' .. .. . . ..-. . �.
<br /> "...]� „� . .... ,:rt.�'�ieuidlu!'it..�5:s• . ' � . . .,
<br /> . �`3=."�7�..:if,iYYVY.. --_� . �y .� . - .r
<br /> -:��Y� Tr_::.i�1'1. , . . . �' . . . , ' ..
<br />.o:. u�. �! . �_; , � . . t �.�'i'kYt��.✓y. .._.,_ .
<br /> •F �: ., �, . •. • ' " .. . �,, t1''`,� . ,; .
<br /> 'dv � �
<br /> � - kf� ,v�i,:':.1.:�'.�._ •ti'.l:Ir_�...���M}'a ' � ' .. ' S 1:��. .L ':� . � ' ..
<br /> �!�� - ��1_ . .. - _ ,. . 1` . .J'. . , v , .. .. .. _. ..1 �,v,i.�4, � .�1
<br /> - -.�j1 � 4r . y , '� S � � � ' �, ' ., .
<br /> - -, .
<br /> r.• . ,t ` .. - .�
<br /> -.� .. •
<br /> ..� . .- � � ..� . � . .
<br /> . ,
<br />. ..:r} 1- .�.� ., �, ,i . -
<br /> . . � . . . . .. .
<br /> ..... � � - . _.�,�.�..._ ._. . _ . . _. .. _.
<br />
|