|
. �,. . _
<br /> . .. . _
<br /> . . .. �
<br /> �: � - . -�;. . .; � .: _
<br /> 1' E �t
<br /> +. _ . - �r ,. = • � . 3 v ,�: tirr. -.- —
<br /> ,. _ , . .:. .�t .
<br /> - .a, - -
<br /> �. • -
<br /> ..
<br /> "�' `' ' _ ,__
<br /> .... ��.. ' . . . .
<br /> ^ _
<br /> , _ .
<br /> _.�e ! - .' • - ' c '
<br /> -__.,�=;:� _` _-� . � : - � . 91---�OS4'75
<br /> `petiods tt�Letdet Rquirrs. The insruaace caisisr prov'id'ing t6e insurance st�ll be ct�osen b}i Barower�subject ta Iren�er�s
<br /> appErn�t which shali eot be unnasooabiy withfieT4 If Bortav�tu faits to maintain cuverage descriDed ubove.l.ender rtt�y.�t
<br /> �xa�e��op�iun,obtaia covssage w pro�sah Lender�riglus in ttu.P►t�aty in accord�nce with parugtssph 7.
<br /> pt�insuraoce polisies�d ntxwais sha116e accapt,�tble tu Lender and sshall include a standa�morigage tlause. l.endec . .
<br /> z sl�all have the rigj�t cn hoLi�he potisies�nd tenewats..If.l.et�de�re4uires.Botrowet sfiafl PminptlY give to Len�er all receipts
<br /> oF P�P��v�awd renewal norices. In the event uf,losg.Hearawer shall give prompt norice to the insur.ucce ca�rier and
<br /> l,eader. I.eru�may m�ice pmof of�if not rnade p[amgtiy 6y Borrower.
<br /> Unkss Leoder and Bamwer otbernise ag�in wiiting.iasurance proceeds sha1�be apQ�ied co mstoration or�epair of
<br /> -- - th� ptnperip.dam�ged.ii tl��estotatio�n:oz.repanr.is ecaLOmicaftg f��te and Lender's security is nut te�ened. tf dSe - —
<br /> testcxation�ce�ir is na�.eca�snically feasc�i�or Lrndes's serurity wnutd be less�ed.t�e iasurance pcoceeds shall be
<br /> apQlieB to the sums se�secf.:by;this Secusiry in�trurnea�,w�er or not then d�ce.witb aay excess paid ca Bomnwer. I�
<br /> i` Borc�wcr atxinduns tAe Pavperiy;oa does n�os�rswer within 3�days a nwice from l.ender tlwt the inswrsr.oe rairitr!�s _--
<br /> = affecod co setcle a clai�n.�i Ler�der m1x•,collect the insusance proceeds. lxndec may use ct�e procxeds ta repair or resta�+e
<br /> -_ the Aope�tY.os t�pay sums secured by,tb3�Secusity instru�ent,whether or nat the�due. The 30day penod�vip begin.wltcn
<br /> --`. tUe notice is given `
<br />_Y.�,� Unt�I.ender aud•Borrowec otherwise agree in writing.anY aPPlication of praceeds[o g�cipa!strall not eatur�'os. =_
<br /> postpone tbe due dare oE tl�e monthlY payments referred to iR paragraphs 1 and 2 ar change[he�unt of the paynr.nu_ If
<br /> - ' m�dee parapaph 21 the Pt�opetty.is acyuired by Ler�:�Borrower's nght to any instuance po�and proceeds resutting
<br /> ''r' fr�a duna�to t!�Property prior ta the acquisirion shall pass to Lender ta the extent of ihe snm�secared 6y this Secncin -- —
<br /> - Iastrma�;iir,�:iediately prior w the acquisition. .:. : .; - �---
<br /> f�.=r3�qut�eCS* Preservatioa. M�nlea�ece aad Protextion ot�the Ptaperty, Borroaec's l.oaa Applicatlon: . '�°�--
<br />_, I,e�sellc�s:.L±�crowet sF,r�1 accupy.establist�and vse tbe Property as Himowet�'�it�ipal residence within sixty days after
<br /> , -+` •i�e exebc��s��this,�eo3r��j Inswme.mE and shati cant'rIIUe to accupy tha i'ns�iv�ri4 Bortower3 principal residence fpr at � �_
<br /> ,'.'i,:ssss:�:.re�: aftes tsx'di�te o� occugattey. unleys:t.ender otherwis,e.agrees�it�:writing, w6ich consent c� nat be �_�'.._
<br /> '`�.+�ceaso���,�a+ithhetd.or untess extenuatmg circums�ces eaist which-am heyond Eorrower:s ocatrol. Barrow•er shall not - �:;:--_-
<br /> �' destroy.damage o�impair the Pta�perty.allnvic the Ptvpe{ty to deterimqiu.ur commit waste on sFre'Eroperty. Bormwer shall =:=
<br /> ` ,"';be in default if any forfeitare actian ar praceeding,u�.?�:her civil or crimins���s hegun that in E.�i�'s good faith judgmem �-
<br /> ' :` 'could resait in forfeiture of the Froperty or ottunR+u:�:a�aterialty impain tita lien ccra[ed 6y:��r"r.�'Securi�.Lr's,srsvment or �'� �-.-
<br /> . •6.ender's security interest. Horrawer may cure such a�£:r.��sc�,a re�n��m�.as�pmvided in Paragr"'.:�:#8.by�:..;�s�z�the action '"-_
<br /> . ' .: or procer.diag to be dismiss�with a ruling thaE.in C:�iier's gnad faith,dCtt�mtinaiiou.Pt+eclud���iNre Pf ai:.Eomnwer's;_ -
<br /> ` � ��'` interest in the Ptopeny or other material impairment of the lien c�ted 8u:"this Security[�,sLnr,µ,.zrtt ar l.ertder's• security;�. �.. � -_;
<br /> ', inteiest. Borr�wer ahall atso be in d:fault if Barrower. during;n9i�Inan,applicatian pcer�s;,gave materially fat�e r: � . r� .�:;-
<br /> � inaccurate informauon or statements to LendsK(or Paited to provide�er wit�xa�r�.aterial ir`��:nauon)in roanec�ion a+�;� ` _ :�:-�-=
<br /> - ' the toan evidenced by q�r Note, ficluding. but not timited to.�rs�ntationr, "a�i;��rning Borrowers occu�a.zcy of the > � " r�`� "x.�.
<br /> a
<br /> Pro as a rincipal re�.T�°nce. !t thix Securi lactrument is on a teasahald.:H�rur�uet shall com I with ali t�s. sovisions '�����:�r
<br /> PY '' Q :c �::-�_
<br /> .. . of t�. If Borrower acquires fee titte ta the Prapeny,t}w lea.�;ehol�i und Qta fa:4;�ie Shall not rierge ut�leas.fuzr"w r agrees ;�:�-
<br /> • to the merger in writing. • . '
<br /> 7. Protation ot l.endtr's Riy,hts in tde Propeety. lf Bonn+v,vr fi�ilt:to perform t�e a�+-:nantc ��i agreemen:.s =- �_-.
<br /> �_ , .. coniained in this Security lnswmenl.or there is a te;al proceeding thsrt�mn�.�sigmficantly d!ia,~.Lende�� c��ts in tDra �=°"'"—"``
<br /> ' ' ;:;�� . �• Praperty(sueh as a proceeding in bankruptcy.pfOl)3:°,£ar.eandemn�tian ar fnrfi;iture or to enfa:ie;aws os re�.�•�:io;�c).the� `�"=-
<br /> ���
<br /> .; , :: Lender may do and pay far�vhatever ig necescary ta�r.<ect the vaiue of.tha C'mpeRy and I.ender's righGs b.i:r�;F�mperty.
<br /> :�
<br /> • . a �' . �� :. l.ender's action.q may includ�paying any sumv secured Fsy a lien whicb ha4 priarity ov�s�u�Security laswmq�..a�pearic�g. ';,�•��.
<br /> . P 3 Y � Y S �9 F�'" Sh Y �. . ,.c�;,�
<br /> in caun, in reasonable attome .r•'fees and enterin on the Pa tu mnf:e re k•?1:iJ.�-7.: Lender ma take actio;� , w- �. - .-.,:,.
<br /> � under this paragraph T,Lender dacs not have to do sn. � : '+ ., � --
<br /> . �,� •, , Any umountc dis6ursed by L,endet under thiv paragraph 7 sh�.11�becama ad�,Ln�=1�c:•rt�t oi'Borrower secured by this -
<br /> • � ' �- �_ Security/nstrument. Unless Bcmower and Lender agree to athes t�rmv of pApme�i:.ii�::�:ainounts shalb bear interest from the �r.,i�.• � _
<br /> date of disbursement at the Nase ra[e and�hali be p�ayable.with intara�t.upan.n��tic�r"�m Lender to BorroNer requesting �f�;:,° -"
<br /> ,:� payment. *,�j � ; �,.:
<br /> ? ,�•::�-;�.:•.
<br /> �� 8. Mort�rpge Inaurat�ce. It Lender rec�uired martgage in��urunce x:a eondition oi m�.iT�the loan setured by thic _;:,,��: --
<br /> ��, Security Instrumen�Borrowcr shaU pa�the premium�required ta�uiintiun,thc mon�ge i:tv;;r.:�ce in effect. If,for any � ,;;�-::`
<br /> . • f`i , reason, the mortgage insurunce cnverage required by i.ender Inpres ar ceases ta bc in ef��a:'Borrower.shall pay the k`: • , -_
<br /> •�' � ptemiums required to abtain coverage sutr;tantiail;� a.�uivatem t�� 1ha mprtgog� i�surance previously in e�f.a-t. at a cosl .... .. .:_�
<br /> subtitantially equivatent to the cast to 8orrawrr of rt�:mortgage in�utunce pnsvi,3u�ly in effecti,from an alterFru:mongage • - � •� �-
<br /> . � insurer approved by l.ender. If tiub.rtantialty equivalen!mortgaga in�yraace raver�ge is not available.Borrowcr shalt pay ta � � . ;-_,
<br /> :� -,� l.ender eacb mnntb a tium equal to one-tcvelfth af the yeariy mort����insurancc premium being p;�id by Barrower when ths '.. ,:_�:
<br /> .�, � insuranee coverage lapscd or ceazed to be in cilect. Lcad:r will acdeYsf.use and reutin ihese paymeats as a loss reserve in tieu: : .
<br /> of mangage insurance. Loss retiervc pa}•menGti may no longer he rcquin;d,al�tbc npti��n uf Lender,if martgage insuranc�, L
<br /> �� „���'�;s cavc►age lin the amount und for the periai that Leneter requireti)pmvidcd hy un•in�.urer approvcJ by l.endcr again beromes • ��'..�
<br /> • � 1��y, availabte and is obtaincd.$orn�wrr�hatt pay�he premiumr reNuired tu m�intuii�mnngagc insur:utce in eifect.or ta prov;de n '�'!':� ' •
<br /> �;�•-`' Iors tcscrvc,until�ha re uiremeiu for mort :+ c in�unnrc ends in arcunlamcv witit un wriuen;�greement bet�veen Borco�vet < �'�r�k - �
<br /> - �. ?�,�j: ',`.•�5;�;,' and Lcnder ar:�pplicable taw. � � y �'S� . . ' •�.
<br /> "�:�;` . �:�`--► ,.� �`�'- ��t 9 lnspection. Lcndcr ar itv:ti�:z�may makc r.a.anahle emrie.up��n and�inf.pertinn�.i>f thr Ptaperty. l.cndC�Shal� :"�.,:::
<br /> .��� � .�,,��;'�
<br /> 4�:"``'� �' ' L•�� IYC BOIfOWQt tiOfICC ili lI]C 11D1C OFOf rwr to im in. ui�m> �if m roa�unahlu cau+c fi�rihc ins cction. �;�;:' , •
<br /> ,.� . ..����'�: ., .� E P� i�' !�' Y� S P ,
<br /> 10 l;ondemnation. Thc prcxccds�+f:my:«ti:rd or ctaim fur dan�ageti.J1�LCrancanuqucntial,in rnr.-+�.�;un wi�h any �';;'
<br /> ��.� . ; .�,„� ,
<br /> ' ''�'S;'`" . ,�. i �
<br /> ,�`. {�. . tiinElrFamdY-•fnnniettae'Frrddlr�lacf�li'11NNI�i�ITBt;ti�y1�••Undnnn('uvcmm(r 9l9U iru;ein/h/u ru f�
<br />_ ��':i � ' ,-;Lti}L�iYt;�'.�' L'C'.M1 WtNYG3111R.vFoi(IV.IfN.� ' •' .. '
<br /> � •t�:. ' �,ysi;: .
<br /> u�eMar�..:�;=ttau,�,�a��p n oet olna�en.i,t
<br />°j!; ''�;•• `t�,'��.YTs}`(i_� ' .
<br />- , '�`9,: ,(` � � � .
<br /> ��Ir.�. i .� ���_,T. _ —— — ' r,i:,— . . . � .f;;.+,— — ' ':`::f;_ry ' — � -- . , ,:t�rr'f�r^--,-..—.—,—,,--.----•-.�j�;,.' '
<br /> ni`1��.-L� �,''�,ri. '!i'�� L Li ).
<br /> .. '� i .. ' . � ' � . � ��� . •1;1�:r _ , �..�.� - . � .
<br />��i1?iit, .�, . � . 1iY ,' , '� .�'.�t -'�' . . • � .'.�t,I;1�```t � . . , ' � '�
<br /> r .;I: :t
<br /> i �
<br />�`.t (: :>l. � . � . ' . � • . . .. � • �6•�I• ' . ' . .. - . �,:
<br /> ' . . � • . ' ' �'��- - ' . ' . "
<br /> '- ' " .� __ '_ 1 _ '_ _ . . ' � ' ...,��!!i• .l . . .. . .
<br />.. 1 . �,1 ' , ' � . . ' . . . �
<br /> Y
<br /> ' , .� • . . • ' . . � ' . � . � . i.. . .
<br /> • . . ' _ ._. ..
<br /> - _ '_ - _-. — . _ _ .. _ ..__ - . . . ' . —' _ _ _ ' — .
<br /> . . � . . • . _ . . .
<br />.. ' .. ' : . � ' ' . " ,' ' . . ' ..
<br />. . ,, �. . ... } e ... . . . • ' . � ' . . .
<br /> . . ' � , , • • . .
<br /> . ' " •. ' ... . ' • . . '
<br /> . � �
<br /> .. .. { . r � � ' � - " � . � .. � '
<br /> .
<br /> . 'S .
<br /> . • .
<br /> - : . �
<br /> . :.
<br /> . . _. . _.'___. ._.--__ .. - _ . .
<br />
|