|
,__."_. iyv�� - :.1 _ _
<br /> . ..w ...♦_ .. .
<br /> �'�
<br /> ,;,9��ia'';.. 'fi_. ._�_� . �d�Y � _._..
<br /> . �ca . _ _.. ��.......�..� i..,.:.�._ ---
<br /> "� � -.. .• •% `'S " . ......� _ .. _. �. --�
<br /> �rr � .
<br /> .A �f 1 ti ...�1�'� _"
<br />--J����rp,._ �s,�
<br /> —�d
<br /> - - - , ; 91•- 105659
<br /> -_ - pedods that L,ender requirea. The insuronce carrier praviding tho inburuace ahail be chosen by Borrower subJect to Lendsr's
<br /> -- i approval whtch sh�ll not be unreasonably wlthhctd. If Born►wer fails to mainlain covemgc dcscribed uiwvo.l.cnder mpy.w
<br /> L�nder's option.obtain coverage to protect Lender's dghts in thep�p�Ry in accordence wi�h paragraph 7.
<br /> � All insurance policiea n�xl renewals ahall be ncceptable to Len��r and shull includa a stondard mangage clause. Lender
<br /> - ab�ll have the�ight to hofd the policics�d renewals. If LendeY requires,Borrower shall ptomptly give to l.ender all receipts
<br />_- of paid premiurns and�+enewal noticex. In the evem of loss,Borrower ahall give prompt notice to the insurunco carrier and
<br /> � -°" L.enMzr. l.ender may make proof of loss if nut msJe prumpdy by Darrower.
<br /> Unless Lender and Borrower aherwise ngroe in writing, insurance praceeds ahall be applied to rextorutian or�+epafr of
<br /> �- - the Prc►peny damaged, if thc restoration or repair is economically fensible nnd Lender's securiry ix not leasened. If the
<br /> reswration or mpair ia not economically feusible or LenderR �ecurity wauld be lessened,the insurance proceeds shall be
<br /> _��-� appifed to the sums secured by thia Security Instrument, whether or nw then due,with uny excesc puid to Borrowca If
<br /> j.� Bortower abandons the PrapeRy, or dces not unswer within 30 doyR a notice from Lender thut the msurance caRfer hua
<br /> ---,,�,. offered to senle a claim,then Lender mny collect the insurunce proceeds. Lender may use the proceed4 to repair or reslore
<br /> _ the property ur to pay suma secured by this Security Instn�ment.whether or not then due. The�0-day perk�d will begin when
<br /> �c, . :��±� the notice is given.
<br /> -:-�;,;� Unless Lender und Bortnwer utherwise agree in writing.uny npplicntion oP praeeds to principal shall not extend or
<br /> ---.-_ ;:;`� postpone the due date of Ihe monthly puyments referrcd to in parugraphs I uncl 2 or chunge the umount of the pnymentx. If
<br /> � under purngrnph 21 the Property is acquired by I.ender. Borrower4 right 10 uny insurunce policies und pruceeda rcsulting
<br /> _ _ from dnmage ro the Propeny prior to the ucquisition shall pasx to Lender io the extent of the sums r.ecured by lhis Securily _
<br /> J.�y�-� Instrument immediately prior to ihe acquisitian.
<br /> � ---- - _---s::.�:� 6. Occupancy, Preservatian. Maintenence and Protection aP the Aruperly; Ba•�•awer's L,oan Applicatian;
<br /> � ° LeASeholds. Borrower shall occupy,e4u►blish,and uFe Ihe Property us Dorcowerti principal residence within sixty days aftcr
<br /> - :_�.�
<br /> _ __ _-____ �;� the execution of this Security Instrument end shall cantinue to occupy the 1'ropeny+�Borrawerk principal residence for ut
<br /> leac� one year after the date of accupancy, unl�ss Lender otherwlne ngreea in writing, which consent ahall nut be
<br /> ---'`_��7 unreusonably withheid.or unless extenuaUng circumxtw�ces exist which are beyond Borrower�control. Bnrrower shall not
<br /> - destroy,dmm�ge or impuir the Property.allow ihe Property to deteriorute,ar commit wuxte on the Property. Borrower shall
<br /> -_-�°'-�� be In default if eny forFeiture action or proceeding,whether civil or criminni,is begun that in Lender+�cwd fnith judgmen�
<br /> �G��.,�,,s;, , _-- could result in fbrfeiture of the PropeAy or othenvise mnterially impnir the Ifen created My this Security Instrument or
<br /> ---- - Lendere security interest. Borrower may cure such a defauU und reinxtute,ux provided in pa�ugruph I R,by cautiing the action
<br /> �-��� ' or proceeding to bc dismisxed with u ruling that, in Lendcr's good fuith detcrmination,precludes forFeiture of�he Borrower's
<br /> ---f��:;�.,,
<br /> __,�•.�_ � interest in the Property or other materfal impuinnent of the lien creuted by this Security Instrument or Lcnder's tiecu�ity
<br /> ..._ ,,;,;,;,,;,,,,,; imerest. Borrawer shall ulso be in default if Borcawer,during the loan upplicution process, gave muleriully fulse or
<br /> :�;�:syra�;: � inaccurnte information or ztatements to Lender(or failed to provide l.ender with any materiul informadon)in cannection wi�h
<br /> ---- - the loan evidenced by the Note, including. but not limited to, nepresenlutionx concerning Barrower's occupancy of the
<br /> � Prq�eny us u principul residence. If this Security Instrument is on u lensehold,Borrower tihull comply with ull Ihe provixion�
<br /> . -- -:::,�,-:,;"� otthc Ica;e. !f 8orro�ver acqe�ires fee tide to�hP Pn�ny.the leatiehold nnd Ihe f'ee Ntle zhull not merge unlesx Lender ngree•r
<br /> - - �` ° to�he mergcr in writing.
<br /> `�`�'°5'���� 7. ProtccNon of I.ender's Rip�hts in the Property. If Borrowcr fuils to perform �hc covenunts und ugreements
<br /> ' contuined in this Security Inatniment, or there is u Icgul picxceding �hut muy .ignificuntly uffect Lenderw rightti m the
<br /> _, �,•;� :, „i .,..
<br /> � Property(4uch ux A proceeding in hunkruptcy,prohate,for candemnution or forfei�urc or to enforce luws or regulatians),then
<br />__'"-'-�' ;�y'x;s�,'� . Lender muy do und pay for whutevcr is necessury to pmtect the voluc of the Propeny und Lender:right�: in the I'raperty.
<br /> _�` • ,�r• Lender;uct�ons muy include pnying uny+ums xecured by u lien which has prioriry over thiti Security In�trumen4 uppeanng
<br /> ' i�:Y.�
<br /> �� In court,puying reusonable uttomeyx'fees und entcring on�he Propeny to mukc repnirs.AUhough Lendcr muy luke uction
<br /> �,;� .�� � `' under this paragmph 7,Lender docs not huve Io do so.
<br /> :-__ ,�__ Any amounts di�ebuned by Lender under this purugroph 1 �hall lxcamr uddi�ional debt oF Barrc�wcr secured by thiz _
<br /> -- � - � Security Instrument. Unles,Borrowcr und Lrnder ugrce�o othcr�crm>uf'puymem.Ux��r umuuntti shall bear intcrcst fr�im�hc
<br /> °� s�� °� dwe of disbunement ut thc Nate rutc und xhall bc puyuble,with imcrest,upon noticc from Lender lo Bormwer myuegling
<br /> �
<br /> ��'�,��,: , puyment.
<br /> °'" �_.�; S. Mortgaae Inxurance. If Lrndcr required mongu�sc intiurunre us u conJition of muking the loun secured by this
<br /> �*::�,�'W.;.._:..:«. Security Instrument, eorrowcr shnll �ay the premiums reyu�red to maintain the m��rtgu@e insurnnce in effect. If, for uny
<br />
|