|
� .,#M_d. ,
<br /> ,.:r�� �� � --- - -
<br /> .�r... . - _..,�._ .._._ .- _ .._.
<br /> �. . �
<br /> �'pft'- �•, ._ . .— -r,i= � _ , ., . .. �
<br /> -�r= -._....�"+.t ..
<br /> � . , ������2
<br /> perio�L dw L,ender�oqufrcs. 'Il�e inwra+�ce cur�kr providin��he fnsurance ahwll be chaen by �bJoct w Lenderl►
<br /> �p�provd which�Il nW be unroaian�bly withhe�d, If 8atrower fdla to mdat�in caven�a dcscri6ed abava.L.endor m�y.n�t
<br /> l.a�do�ti optian,obain covenAe ta protecl Lenderl�righl�in�he Hrupe in rcrnrd�noo wlth P�R��• .
<br /> All iiuunutte policks and rcnewslR sfwll be�cco�table to l.enckr�Yud ch�ll includo�sundard ma�t���e ciowe. Londer
<br /> ah�ll havo 1ho d�hl to huld tha palicier�nd renewala. if Lender rcquites.8on�ower shall promplly�Ive to lxnAer dl roceipta
<br /> of p�id�x�emlums�nd�enew�l notice�. In Ihe eveM of tass,Borrower sh�ll �ivo prompt t►ot�co ta Ihe inrur�nca cartier�md
<br /> l.ender. L.enckr truiy m�ke proof of lo�s ff not mado promptly by Borrower.
<br /> , : .� Unlecr i..ender and Borrower ahenvise agroe In wrltln�,insurance proceeds xhall be Applied to rc.rtoratian or repoir of
<br /> •• thep�,,op�rty dama�ed, if the r�ecturation or ropair is aonomic�lly fe�sfble and Lenckr�iecutity is nW lexaenod. If U�
<br /> ti,cstomtlon or repair ia not econami�pliy fcrxible or Lenderb Fecuriry would hc lerscned,the inAUrAnce prooecd� ch�ll be
<br /> applied to Ute sums secured by this Secudry lnsnument, whether or nd Ihen due,wDh any excess puid to Botmwer. If
<br /> Borrower wbandons the P�npeny, or does not enswer within 3U daye a notice Prom Lender that the insu�e cartier hus
<br /> affered to settk a clolm,then Lender may rnllec�the lnsurance proceeds. Lender mny use�he proceeds to ropair or restore
<br /> ----- - --- --f �he Rr�rrty�►r ro�►ay!w�mo xce�red by thiq Sec«�ity lnctnimen�,wl�tixr a not thm dtee. 'I'h�3(It1ay pe�iad will I�gln wlw�
<br /> the notice ia givcn.
<br /> Uniess Lender and Borrower otherwjse agree in writing. any upplicalinn of proceeds tn principal shall not exu:nd or
<br /> postpane thc due date of the manthly payments nefemed to in parr►graphs I und 2 or chnnge�he ornount of the payments. If
<br /> under parograph 21 tha Property is acquired by Lender.Bamower�s dgh��o any insurance policics und procceds resulting
<br /> from damage to the Propeny prior�o the acquisitioa shall pnsc to Lender to the oxtmt of the sums recurcd by�his Security
<br /> Inshument immediately prior to the acyuirilian.
<br /> 6. Occupaacy, Preservadon, Mainte�wnce and Protection ot the Prvperlyt Borvower's Loaa Applkatbn=
<br />-- I.easeholda. Bomower shall occupy,establish,ond use the Ptoperty as Bortowerk principal residence within sixty dayc after
<br /> Y`''�° the executioo of this Security Inhtroment and shpll continue to occur.y the Praperty as 8orrower�prinripa!rcsidence for at
<br />;:�;::�
<br /> lea.gt one year after the dete of occupancy, unless L.ender otherwise ngr+ees in writing, which consent shall not be
<br /> �'��. unrcasooably withbeld,ar unless extenuating circumstances exist which urc beyond Bomower�s coixrol. Bormwer r�hall not
<br /> destroy,damage or impair the Propeny,allow the Property�o deteriora�e,or commit waete on the Prapeny. Borrower xhall
<br /> �.� be in default if aoy forfeiture action or pracaeding,whether r,ivil or criminal, is begun�hat in Lender`s good faith judgment
<br /> ".` t.. could result in forFeiture af the Property ar otherwise materially impair Ihe lien crcuted by this Securiry Inswment or
<br /> :,� +i� Lender's securlty interest. Borrower may cure such u defuult nnd reins�ate,ns provided in pAm�+h IR,by cAUSing the uction
<br /> _'� or praceeding to be dismissed wi�h n ruling that,in Lendcr's good faith delermination,precludes f�rfeirore of the Bomawer a
<br /> �:�''; .;�; interest in �he Property or other materiul impairment of the lien cr+eated by �his Seru�ity Inxlrument or Lender?� recurity
<br />-!•�„ interest. Borrower shall also be in deiault if Borrower, during the lonn applicuiion process. guve mnterially fAlse or
<br /> inuccurnte infonnutian or stutements to L.ender(or failed to provide Lender with any muteriul infoma�ian)in connertion with
<br />.,,�R, the lo�n evidenced by the Note. includfng, but nol limited to, n:prexeMations conceming Borcowerti occupnncy of the
<br /> __ Property as a principal_rccidence. If Ihis Security lnstrument Ix on a lewehold.Borrower xhall comply with all the provisions
<br /> . _ - -- of the lease. if liorrower acquir�w fee ti�ie ta the F�operry,ti�e ieaschoid und thc ioe tide.rhaH nw merge uni�i.ender ug�rs
<br /> � ,.+'�;:+' . . to the merger in writing.
<br /> • : "4;,, .,�. 7. Protection oP I.ender's Rightri in ll�e Pruperty. If Burrower fails ta perform the c:avenants and agreementy
<br /> ' contuined in this Security Instrument, or there iti A legal praceeding tha may significamly nffec� Lender4 rights in Ihe
<br />__�i;�s::'• a ,.
<br /> . • • "; Property(such ac u proceeding in bankruptcy,probAle,for rondemnAtion or forfeiture or�o enforce laws or regulalic�ns),then
<br /> '� +'?� •�:.. L�nder may do and pay for whutever is necexsury to protec�ihe value of�he Propeny and Lender's rights in the Propeny.
<br /> °''�� ��;�, f'�K•.•'.�°�^�i.;:��+ l.ender's ac�ions muy include paying any xum�srrured by:�lien which hac prioriry over thic Security Inswment,appeuring
<br /> ; { •,..,. C .
<br /> ;�.3�y,r;�..�.:.;..� in caurt,puying rcasonat�e altomeys'fees and entering on the 1'ropeny ta make repai�. Although Lender may tuke action
<br /> ' ,X�'�};':�,.,F„�;; ,. under thir porugruph 7,Lender daes not huvc to do.o,
<br /> • ""• ':,,•�'' Any •rmounts disburned by Lender under Ihi�puru�ruph 7 shaU become udditionul debt of 6orrower secured by Ihis =
<br /> _ -,�,,�_.:a:-�`' Security Ins�nirnent. Unle+s Borcower and Lrndcr ugree 1a od�er tcrms aY pay�ncnt,thetic amouMs xhull bear imer+est from the
<br /> "��� , . k;�'`:,-�: ' date of diFbu�xement ut Ihe Note rate and shull be payuble,wlth interest,upon notice from Lender to Barrower requesting
<br /> ,_.,. .
<br /> . � '° • PY
<br /> , .,.,, •,.w a gnt.Morfgage Insurance. If Lcnder requirrd m��rtguge inxurimce a+u candi�ion of mukin�the loun secured by this
<br />_ � Securily Imlrumen4 Bortuwer shull pay the premium.reyui2d to muintain the martgogc insurunce in effect. If, for any
<br /> _-�-----�,
<br /> �,,;n �,��, •• rea.on. the mongugc inxuruncr caveruge rcyuired by Lender lapse,or crases �o t�e in effect. Bomawer shull puy the
<br /> �" ' '3'�`"�''' remiums uired to obtain coveru e .ub,�untiull e wvalent u� ttx nx�n �u � in�urnnce revi.w+l m etTect, at u co.t
<br /> .. ,,,v:� P �4 E Y 4 � � F' P Y �
<br /> �•.,�.'�'%
<br /> � ,�;.}��,.,.,:.:,;••,Y�Y substumiully eyuivulent to the cast to Borrowcr ot thc monguFe inu�mnce previou+ly in cffect.fram un ullemale mortgoge
<br /> '�'� �`� pp Y Y 4 R !- € P'Y
<br /> .s,:. ", insurer a mved b I.ender. If�ub4tun�iull c uivalcnt mort u•c insurunce cuver,� e iti no�availulik.Bnrmwer tihull .� tn
<br /> `""��...1"�"' ",r Lender cuch month u wm eyuul�o uno-�wrlf�h of�hc ycurly mun�ugc in.urunre prcmium being puid b�• Borrower when�he
<br /> ..,,.. _
<br /> i. .r-.;:,- insurun¢e roveru�!e luptied or ceusrJ to Ix in rflrct. Lrnikr will urcept,u ar•rnd rttain�he.r p•rymen�s a.u lo�.re+ervc in lieu =
<br />,_;.i,-�. �;` ; of mortgugc in,urunrc. Loti,re�ervr puymcnh may no longcr Ix reiryinJ,ut the option of L.rndcr,if mongnge in.urunce
<br /> ����� coveruge(in the amount und f'nr�he pericxi that Lrndrr rcyuirc.l pmvidrd hy an in.uRr uppniveJ hy LenJer uguin becomes
<br />- � uvuilublc and ix obtuincd.8orn�w•rr shall pay Ihc prcmiunn nyuimJ tu maimuin morlEake inwrunrc in et'fcrt,ur�n pruvide u _
<br />-- , - . loss reserve,umil the requi�emrnt ti�r monEu�r in.urmxr rnJs in uccanlanre with uny written a�rremen�t+rtween Borrower
<br /> �.� '.�,�;'. und Lenderor applicable law.
<br /> - • 9. InSpeclion. Lender ur it�ugenl may mukc rca�un�blc cnlrie�u�wm ;u�l im�xr�i�►m uF�he f'ropeny. Lender shull
<br />° ''�"�"'.•. „ give Bom�wer notice at�he timc of or priar to;�n ins�xrliun�perifyin�reu���nu61c cau.rr liir IIK ins�xclion.
<br /> '�`�4''� '� 10. Condemnation. Thc p��Keed,�►1'uny:iwurd ur rlaim fiir d:nnuge�,dircrt ur ron.��uentisil,in cann�rtion wilh any
<br /> ';•:x�r`�'
<br /> �"�.`' , `�`°� 5ingk Famlly••Fonnie Mue/FYrddk 111uc l'NIFIINI111N5TRl�NF:NT--Unii�ti�n l'o�cn;ni. 9/90 qHrKr?./a r,�����1 -
<br />_ � ���'. , I:m�t Idn Buwew�NanoR Int.■
<br /> ' !�.. � tolM�krl;NL180D5.9PA�Y30P.11{61�791•1131
<br /> �...��.: ,
<br /> ..; ., ;;,.
<br /> ,- `r -``t-�.�is.' . . *-,Rt.��*•,:'---�'—':"._"^"'_"-'� ,.�..—"'�"r"„^-.'.'w�1°Y'T�*"'., -
<br /> .t�-. . � (� . , . ���� ••' , • . ,
<br /> . . ..
<br /> ... .,.. ..
<br /> !• �L1 - �� . - � � � '
<br /> .-� . +'.�•�;:'. I . __. I � .
<br /> _ •
<br /> •
<br /> . . - •.� . �.\
<br /> ��
<br /> • 1
<br /> Y - . .- . . . - . , . . _
<br /> : . ..
<br /> 1.. . . . - . - .
<br /> �. � wac'_c:a . '_ -- _ _ _ _ _ '_ ' l� h.`�•�� .�9 •C. _ �fJ _ _:�M _
<br /> ., .— _ _ .- _-a. �-�-,. .__�. . --___ _ . __- -_- -�—._.-..'__- — _ __ _.- _. ._-- . .. __ . _ _ - -. .. � -. .__- ._ __
<br /> . �
<br /> . . .t S 1�4� T\ • _ . . -1 ' � � .. � J .. .
<br />- {:� • .: r�.�� ' ; t- • . . _ , ' . . . ..
<br />_ . ,u.0 ., y0,.' jf u . .. . ' i . y 1 . . ' , _ �'.� ' . -
<br />_ � .$��r ;•'����� ; .. � !;�'_ - . ., . ... _. . � � " . .. - .
<br /> � 't � • J� ' � '- ., . ,. - - " . ,�
<br /> __ •• ' '.`�..ii1���-_n . ,� , ,�
<br /> ;'�=..z-_��^.n.�s��::;t:��x.. . . " :u. l' � � � - - - . . . . ., .. . .
<br /> '�:�i,�'l.fl.i..:.�id'lG�. i.. .. ._ . �'��..1 . ., c ' ' ' ' .. , ,
<br /> _��,7L j�, „ .
<br /> —�::�. `,_���� ' . . .. " . ... ,. . .,
<br /> __�� - �. � . .. .x .�.;-:uE .
<br /> — �� ` ` "� Jf�: :.
<br /> r •,: ..c F;::�v .:,'.
<br /> -.- {e `� °�, � . - , . . � , . _ . ;�.�x•t .n�i�:4:.�'.;,�� . -
<br /> � ,��III{�� ri� ' . . , ' .. V.. . � - ' � . e.d:.t.X c.t . ..`'`6`.a.i�l.. - : ' ..
<br /> •h+ ' �.�r � i, �hl�{j�;`. ;�I►�:=
<br /> ..arG r�R:� �� .•
<br /> 4,� ... .
<br /> , ,• ,
<br /> ,� .. . . _ .. _.. . -
<br />... .
<br /> . . .. .� � _
<br /> , . �3
<br />
|