|
�.,�..,._.._._ � �...�„�����= .. ��� - --
<br /> ,,.�',i:�t��...°s.°ia9a..�=�., —
<br /> I° ''' �'"F' � _ - - _—
<br /> i�,, ... �.. � tI - —
<br /> - �_-,�--�J .
<br /> _ � 1UtDei.`�'�
<br /> :�,�,_�° �1._,.
<br /> �'��1` � periodx ihut Lender requirea. The insurunre currier providing thd insurance shull be chosen by Borrciwer subjat to i.enderh
<br /> �' Approval which ahall not be unrcasonubly wi�hheld. if Borrower failx to maintain covcmge describcd abova.l.cnder m�y.at
<br /> �—'�` 4ender's option,obtuin coverage to protect l.ender�rights i�the Yroperty in accandance wuh paragraph 7.
<br /> '��� All insurance po8ciea and renewAlR shall be uccepwble to Lender and shall include a standatd mortgage clauKe. l.ender
<br /> •� shall have the right ta hald the policies und renowniti. If l.ender reyuires.Borrower shall prompUy givc to I.ender all receipts
<br /> — of paid premiums and rcnewul notices. In tho cvent of loas,Borrawer shull give prompt notice to the insurwxe c�urier and
<br /> - Lender. Lender may mukc proof of laxx if nat made prompdy by Borrower.
<br /> �._..
<br /> • Uolcss Lendcr sind Barrower otherwise ugrec in wrfting,insurance proceedr:shall be upplied to reatoretion or cepair of �`-
<br /> , b ._�•• the Property damaged. if the restarution or repAir is economically feagible and Lendcr i: securily i� not lessened. If thc
<br /> �j 4. restaration or repnir ix not economicelly fea.vible or Lender's securlty would be lessened.the insurnnce proceeds shall bo
<br /> applied la the sums gecured by this Security instrument, wheti�er or not then due, wi�h uny excess puid to Borrower. If
<br /> -===;�;'�,. �� Borrower ubandans the Property,or does not nnswer within�0 dnys a notice from Lender thut the insurance carcier has
<br /> -m'�' ••4� .� oPfered to seple a clnim,then Lender may collect the insurnnce proceeds. Lender muy use the ptv�ceeds ta repair ar restore
<br /> __ _:°x�a�rW ����` +" the Propeny or to pay sums cecured by thix Securiry lnstrument,whether or not Ihen due. The 30-dey period will6egin when _
<br /> �����._��:�±�;;�;;,� " the notice is given.
<br /> - --=L==:,ti;;,�;..�: . Unless Lender and Borrower othenvise ugree in wri�ing, +u�y upplicutian af proceeds to principal sholl not extend or
<br /> •F-� postpone the due date of the monthly paymerns refemed ta in pumgraphs 1 und 2 or chnnge Ihe umount of the payments. If
<br /> '- ' °` '�" , under am ra 21 the rt is nc uired b Lender,Borrower's ri ht to an insurance licies and roceeds rexultin
<br /> ----_��lL���-•+� P g Ph Pr°P� }� 9 Y � Y Po P �
<br />_�,��;�,=S;,,y�� from damage ro the Property pnor to the acquisitian shall pass ta L.ender to the extent of the sums secured by this Security �
<br /> _�v;;;•���;�• In�trument immediately pnor to the acquisit�on.
<br /> •a;��;:,;`'p 6. Occup�ncy, Preservation� Maintenance and Protection of the Property; Borrower's Loan Application;
<br /> ""��'�;� • Leaseholds. Borrower shull occupy,establish,und use the Propeny o�Horrnwer!�principol residence within sixty days uft�r �__
<br /> -- ��
<br /> --�•- �,�'.,;, ,. :, �he eaeculion ot this Security Instrument und shull wntinue to occupy the Properly us Borrower's principul residence for at
<br /> - Y ���� • lea4t one year afler the dAte of occupuncy, unless Leoder otherwise agrees in writiog, which consent shall not be _
<br /> =•� `"�" • unreasonnbly withheld,or unless extenunting circumstances exis�which are 6eyond Bormwer's camral. Bo�rower shull oot =
<br /> , • des�roy,damuge or impair the Property,allow the Praperty to dcteriorute,or commit wutitc on�he Property. Borrower nhall
<br />.;;t.��rv,ek ,•. �r. ::
<br /> ,��;^ be in default if any forfeiture ac�ian or proce�ding,whether civil or criminul,is begun thut in Lenderv gaod fuith judgment
<br /> _ ,•, �„�w� n .. could regult in forteiture of the Propeny ar othenvise materially impuir the lien creuted by this Security Instrument or
<br /> �.
<br /> ' ' Lender's securiry interext. Bnrrower muy cure such a default and reins�ate,u+pravided in parugruph 18,by cuuxin�the uction �
<br /> `;���=:� �; • � or praceedi�g to be dismi�sed with u rulin�that. in Lender;gaxi fuith determinution,precludes forfeiture of the Borrawer's '
<br /> ti�� . ••b 1, intercst in the Property or other moteriul impuirment of the lien crcatcd by this Securiry Inst�vment or Lcnder's security �
<br /> -_- � intei�est. Borrower shull ulso be in defuult if Borrowcr. during the loun upplicu�ian praess, gavc muleriully fal.+e or _
<br /> 'J�°' � inaccurute infortnation or statements�o Lender lor fuiled to provide Lender with uny muteriul informa�ionl in ccxmection with
<br /> s.a�;; •}•�.
<br /> _.,y i, �,;,� the loun evidenced by the Note, inrludin�, but nat limited �o, rep�+entu�ions carKeming Borrower's ac:cupuncy of the
<br /> 3 ,-,�-_-_ - Property us a pnncipai�rczidence, ii this Securily Imlruu�cui i,uu u leaaehold,aorrowcr.r•hall comply u•iih a!!the proeisions
<br /> '�•'� • '` � af the leaxe. If Borrowcr ucyuirex i'ce tide to Ihc Propcny,the le:�selx►Id und the fec tiUc xhall not merge unlegs Lender ugrces
<br />;-.�f'�• ° to the rnergcr in writing.
<br /> ' � n- 7. Protectfon oP I.ender's Rishts fn the Property. It' Bnrcowcr i'uil+ to perform the cuvenuntx und ugreemen�s
<br /> � -• �„ r • mmained in this Security Ins�rumcnt, or �hcre i� u Icgul pnxecding ihat muy ,igniticuntly uffect L.cnder's rightx in the —
<br /> . :ti5� " Property I+uch us a praeeding in bunkruptcy,prohute,tiir cunJcmnution or ti�rFciture or to enPorce luws�r�egulutionz),Ihen �
<br /> . , �°�.: � .
<br /> , Lender muy do und puy for whatever i.necc,�ury ta protcct the vulur i�f the Property und l.cndcr+righis in the Pro�erty.
<br /> „ti. � Lender's nctians muy include puying uny sumti xcrured by u lien which hux pri�►rity uvcr thi�Securily Insln�ment,appearing p��:
<br /> . o in court,puying rensonuble anomry+'f'ee. und entering on the Property�o make repairx. Although l.ender muy �uke actian —
<br /> ; :',° under thi+ps�rugruph 7,Lendcr Jcx�s no�huvc to do,n. °'"'
<br /> ° Any umoums dislwned by l.cndcr under thi, paragruph ' shull hccome adJitional debt of Barmwer secured by this =
<br /> �, Security Instrument. Unlrs�Bi�rrower ancl Lrn�ler agree�o oihrr trnn.��(puymrn�,ihe.c�imoon�.�hall Ix irc interest fri�m the _� _
<br />: , - ,r,,.. . dutc of dixbuncment u� thc Note rale und �hull t+e puyuBlc,wilh inlercst, up�m n�xicc from Lender to Borrower reyucsting �
<br /> . ;,�. .' puymerN. �_
<br /> - • � 8. Mortgage Insurunce. If Lender reyuircd mongagr insurunrc us a conditiun ut'muking�hr luun .crureJ by Ihi+ �=.-
<br /> • ±� ,., Serurity Imtrument. Borcower xhull pay the prrmiumti rcyuired to m•rin�uin�he murl@u�!c insurunce in effect. If, for+�n� �,�,
<br /> ' � reuson, ihe murtgagr insurunce coverage rcyuircd by Lrnckr lap.c. i�r rrusus to Ix in eff'cct, Borrawer shull ruy the _
<br />-A..- =�� '- rcmiums re uired to onwin covcra�e .ub�tuntiall c uivalent 10 thc m.►rt�u�c in,urunce rwiou+l in ct'fect. �t a cost �'
<br /> ,ur,: . � P 4 6 Y 4 b b P ' Y
<br /> . �`�-' _ � substuntinlly cyuivutcm to thc co,t to Horrowcr�iF thc mongu�r inwruncr prcviuutily in rffcct.f'rom un ulternalc murtE�Kr ���
<br /> . �::'�' inzurcr approvcd by LenJcr. II'subswntiully�yuivalcnt mun�;u�;c in.uruncr rovcraEc is nrn•rvuilaNlc.Borrowcr.hull puy to _.
<br /> Lender euch mnn�h u sum eyual to o�k-twelfth uf thc ycurly monFagr insuraix�prcmium Ixing p�id by Borcowcr when the =�
<br /> - - . � . insuroncc covcru�!e lupsrd or rcused�o tx in rfl'ect. Lendcr will urccpt.u+c iinJ rctuin thcs�pnymcnls ati u lo.x m+crvc in liw �;�:.
<br /> ;•�.*� � , of moriguge insurance. Lasti rescn�c puymcn�+ muy no longcr Ix rrquired.u1 thc uplion ol'Lender.iF nwrtgugc insuruncc
<br /> � � coverugc lin Ihc amount unJ ti�r thc�xri�xl ihat l.�nder r�yuire�l provided hy an in+urrr:�pprovrd hy Lvndcr uguin beromes �`'
<br /> ovailut�lc and is obwincd. Born�wr�.hall pay Ihc premiums r�yuircJ to mainhiin m�nh�:��c in.ur:mr�in rl'fec�.ur lo providc u -
<br /> .� � ' loss reservc,un�il the rcyuircmcn�ti►r mongi�gc in+uruncc cixl.in acci�rdunrc�vilh.�ny�vritten+�Ercennn�Iktwccn B�►rrow�•r
<br /> " ; ' " � unJ LcnJer ur upplic:�hlc law.
<br /> 9. InspectGHt. I.cnJer ur it�ugrnl muy mal�r rc•r.unahl�rnu•ir.u�xm:uid in,pertian,ul thr Pra�xny. LrnJ�r.hull :r:��
<br /> • give Borruwer nulirc at�he iim�al'or pri��r lu un in��xrtion.�xcif�ing rui�unahl�cau.e tin•thr in�prcti�m.
<br /> • 111. Cundemnation. Thc proccrd��d':in}•awurJ��r cl;iim I'nr dam:i�r..din�rt„r ron,rqucntiul.in runncrliun with a�ny
<br /> .. i
<br /> tiin4lrhanul� -Funnk\Iue/Freddlr\1nrCVIFON�IIVti1'NI�IF:\'I' •1'm��nm('u�cuam. 4/911 r�Hi�r.in/���x��.•�i p
<br />� " I.f1':11 I.II1"�HuHM'��F�n��IM ■
<br /> .• G�IInpT 1:,111 I�IMM►!i:114N3!19 f 1 F.�\1{N4711611JI � �
<br /> � 1 . t.
<br /> i
<br />- .. , ,__ ,.- . .,. ... . . , .._ . .... , .. .... .- . . . .,. . . . . �.c,•r�.�
<br /> b •
<br /> � .;
<br /> t'� ,
<br /> • �
<br /> ., , � �
<br /> , �
<br /> � , ' �
<br />- ._. .� _ __ _. _ _ .
<br />
|