|
���.aw:...�� . — ,`....� " �L�� ..-� •• � _- A =
<br /> »� �;
<br /> � � ��:�.�WMV ' P 1 r�.. . ���� -—
<br /> i_
<br /> �t` L'..ui.ur..� r -._.. .__- - -��.-.-._ .__. _ _' .. .
<br /> L�� _ {
<br />,�s._�•.�----_.�1 �J RE•RFCORDEU
<br /> -■ , 9�.- 1U58:i0 gl-�- 10460��
<br /> ��
<br /> - pe�iuds that Lender t�equirca. The insurunce cwricr providing�ho insurancc shall be cha�cn by Barmwer Kubjec�Le�ckr�
<br /> � — �' approval which aholl not ba unrcosonubly withheld. If Borrower faila ta maintofn coverage desc�ibed abavo,
<br /> - ---- ----_---- _--
<br /> L,ender�option,obuilo coverage to protect Lender'x dghls in�he Pro�cny in accordonce witb paru�raph 7•
<br /> • All insurance policies ond renewuls Rhull be acceptoble to L.ender w�d shulf includc u tlu�+�lu�d u�o�tguBc cluusc. t.end¢r
<br /> -�` ''�"�'"-``"''� ' shall have lhe right ro hold the policies and renewuls. lf Lr�►der requires.Bon'oWer shai)promplly give ta l,ender ull rcccipta _
<br /> -j�`'` • of puid premiums aid renewal notices. In t he evcnt a f lass,Bo r r o w e r x h u l l�ive p r om p t nalfce lo the inxurunce cwrler and
<br /> • L.ender. Lender may makc procrf of loss ff not made prompdy by Borrower.
<br />'°_ ___� Unless Lender end HoROwer otherwlMS ugree in wdting,in„urnnce pracecds shull be applied�o t�storulion or rcpair of �
<br /> the Property dsunaged. if the restorntion or rcpuir is economicully fcusible and Lender� secu�ily is n��e IcKUncd. If Ihe
<br /> resroration or repair ia not economically Feusible or Lender?�hecurity would be Icxsened.the insuronce praceedx shall be
<br /> � applied ta the 9ums secured by tbis Secu�ity instrument, whether or na�hen due,wi�h uny excesx puid ta Bormwea If
<br /> = Barrower abandons the PropeAy,ar doex not answer within 30 dnyx u notice from Lender Ihut the in�uruncc caaier hus
<br /> --�= offered to settle a claim,then Lender muy collect the insurunce proceeds. I.ender muy use Ihe pruceeda la repuir or restare
<br /> - _..-:`� the propeAy or to pay sums secured by this Securi�y InRwment.whether or no!then due. The 30-duy peri«l will b��in when
<br /> � the notice is given. licution af mceeds to rinci nl�hull nat extend or
<br /> •--;=;� Unle�.� Lender ond Borrawer otherwise ngrec in writing, uny upp p P P ---
<br /> � -r:.,� postpone�he due dute of the monthly puymants referred ta in purugrnphg I und 2 ar chunge�he umount of the puyments. If
<br /> frodm dpama e Po the Pro���rior to the acdu Fit on shul p� t eLender��opthe exleAt of Ihervam�tiecu�+ed by Ihix Secu1rity
<br /> B Pe Y P q
<br /> "` ''� InRwment immediately prior to�he ucquisition.
<br /> - �tl�aL:� 6. Occups�ncy� Preservption, Malatenance and Protecdon of' Ihe Property; Borrower's Los�n Applic�tion; _
<br /> I.easeholds. Borrower shall accupy,establish,and use�he Property na BoROwer w principul rexidencc within.r•ixty days after
<br /> ----- ��::- ;1� the execution of this Secu�ity In�trument and shall continue to occupy the Propeny us Bortowerw pr�ncipul residence Cor ut
<br /> � - .� "'°- lea�+t one year ufler the dare of occupancy, unless Lender dherwihe ugrees in writing, which consent shall not be
<br /> •e
<br /> --":�'�°:.`�` un�ensonably withheld,or unless extenuating circumxtnnces exist which urc beyond Bortower c control. Borrower shall not
<br /> ���_:�;:�i''�;` �� destroy,dumage or impair ihe Property.ullow the Pmperty to de�eriorute,or commit wuxte on the Property. 8orrower shell
<br /> ��- be in default if any forfeiture uctbn or praceeding,whether civil or criminal.is begun thut in Lender's goad fuith judgment
<br /> - - ���'"• =" could result in farfeiture of �he Property or otherwise muteriully impuir the lien created by this Security In�etniment or
<br /> --_-._;�,S':y:la'.
<br /> ---= � `u;,., .� Lender's security interexl. Bortower may cure,uch u defuult nnd reinxiate,ns provided in pArugraph 18.by cuusinF the uction
<br /> s�~"�C,;p�` ' or rcueedin to be dismiRSed with a ruling that,in Lender s good faith detcrmination.precludex fbrfei�ure af thc Botrower�
<br /> �.:..��..,:. p 6
<br /> _.�;�;,:'"' � interest in the Property or other muteri�l impuirment of the lien crealed by �his Securiry Inxtrumen� or Lender+secunty
<br /> �'� interest. Borrower shull AI!i0 bC in default if Barrower. 1IUr10$ tI1C (OAII upplication process, guve materially fulse or
<br /> Y e�,`�`:'-+' ' inaccurate informutlon or stutements�o l.ender lor failed ta provide Lender wi�h uny muteriul infonnntionl in connecdon with
<br /> ,:_.
<br /> -�;�•��:,u..
<br /> �-�.�:,wiA . ":•� the loan evidenced by the Note, including, but nat limited ta, representu�ionti canceming Borrowers a:cupuncy o t e
<br /> � - --`="`•'�:�.�.'u Property ax n principal rexidence. lf thiti Security Inxtrument ix on A leasehold.Borrower xhull comply with all the provisions -
<br />__�y�;_,4-�-w�r�.��-.� of the ieusc. ii'Surrower acquires fce sitle so the Prop+��ty.th?leucehold nnd the fee tiUe 4hall not merge unlesti Lender agrees
<br /> to the merger in wriling.
<br /> ��'�;;•'•� •'' 7. Protection of Lender's Rl�hls in lhe Property. li Bormwer fuil� to Fx:rtorm �he covenants und agrrements
<br /> � . ,. '�� contnined in �his Security Instrument, or there is u legul pnxeeding that muy xigniGcantly uffect L.ender's rights in �he
<br />�:��.._*=._.'r .-�
<br /> - �.�,., Pruperty(such sGC u procecding in bankruptcy,probutc,fo�caidemnution or farteiwrc or�o enforcc luwx or regulations).then
<br /> 'T��`�_"�..•: . �
<br /> •<��r-- . L.ender may do and pay for whntever ix nece+sury�o protecl the vulue of thc Prorerty und Lender�c rightx in the perty.
<br />-"i�`_�_'�'�'�. `•' .'•°, � Lender'.s uctians muy include puying uny sums secured My u lirn which hu+priority nver this Securiry Inxtrument,uppeuring
<br />,-D��- -,-- _..._,
<br /> _�*t��.,,�,,;, in court,puying reuwnuble mtomeyx'fees und emering on the Property�o muke repain. Although Lender muy tuke ucl an
<br /> ��..".+aL under thia purngruph 7.l.cndcr dcxs n�n havr�o do.o.
<br />�t+,��s�n===• An um��unt,ditihurscJ hy LrnJcr under [hi. rurngruph 7.hull Fxrimic addiliunul dcht �if Horn�wcr ti�rurrJ by ihi.
<br /> - - �'-v��' ' Security Inctrument. Unles,Bormwer und Lender agr��e to uiher tenn+of puyment.ihe�umounts.hull beAr interc,t fram the _
<br /> ����.� dnte of disbursemenl ut the Note rure nnd shull he payublc,with intere�l,u{wn noiire fr�m Lender to Burrower reyuerting
<br /> _ �-�a�;�s;:.�+_�.. a
<br /> . pnyment.
<br /> - -- - 8. Mortgage Insumnee. If Lender reyuircd mongage imurunc�us a cundition ot'muking the loan secured by thix
<br /> "�-���u •• Security Invtrumcnt, Borcowcr+hull pay Ihc premiums requireJ to muintuin�hc nxinguge insuruncc in effect. If,for uny _
<br /> =�"i=���y---�� ��� � , rearon, the mortgugc insur•rnce ccwcrugc rcyu�rcd by LenJer lapses or rcuxes to t+e in cfi'cc�. Borrower shull puy thc
<br /> �-� .�•��'� prcmiums reyuired to obtain covcrage sub,tuntially equivulent to �he mongUgc insurunce Exr.vinu�ly in el'fect, ut u cost -
<br /> ,:��.a �• '• subzluntiully eyuivulent to thc cosl to Borruwer of ihe murlFu�!c in.urance pn'viou.ly in eFfect,from un ulternute mortgu�e
<br />- ���•
<br />����..� inxurcr uppmved by Lcndcr. If.ub+tun�ially eyuivulent mortgugc in�urunce rovcrugc i+nat uvuilu6le.Borrower.hull puy to
<br /> _:�_.,.W.. .. _ Le�der euch month u wm eyuul to��nr-twcllih af thc yrurly mortEuge in.urarne premium ix�ing paid by Borrowcr when th�
<br /> - -- , -�; ..- � insurunce covemge IapxeJ or ceuxrd�o fx in�I'Icc�. Lcndrr will ucccpi,uu`:inJ��lam these puymentx t�x u loss rescrve in licu
<br />".`°� "`'�`�1''" '' ' ot'mortgagc inxurutK:c. Loss rc.rrve paymcnt. muy no IunEer Ix rcyuircd. at�hc option ol'Lender. i(mort�u¢c in�urunce
<br /> ��ti,.._,...:;.
<br /> '°�"=s i covemge lin the umount und ti►r thc�x:rind that Lrndrr requirr.l pruvidrJ by an in.urrr:ipproveJ by Lender ugain lxecnme�
<br /> _—�-.�' . �
<br /> a: _�� uvuilable and is obtuinrd.Borrowrr�hall puy Ihc premiums rcquircd ta rnain�um mortgnge in.uruncr in eFfret.��r to pn�vide u
<br />-"� ,:i• ,„
<br />=��_W�_ � � I losti reserv.:,until�he reyuirement ti►r mun�u�e in.urmxr rMi�in nccarduncr wi�h uny wriurn ugmenxnl between Harrow�r �
<br />_ •K,"�"t"f� i uncl Lendcr or upplicublr luw.
<br />
|