|
_ " . ' . _ . :�' . aej-._
<br /> �r�•�.�.:v,�- ;�ss:+,� �. -�, . - — , - -- -— _ ---: --- -
<br /> '� �. ��� ` �• '
<br /> f,_ �: --.�,,�°r.. �
<br /> ��'a . � . _ �._� � - - -__
<br /> �-;e'ly i � . ,� . � �' • - � - _ --`L - - � . .. — --
<br /> .��'���
<br /> .. .4�?f�i'a".`, t . . . ....
<br /> -.�._ �� . , , � . � � . . 1_ �0�5..► . � . _
<br /> -- - � , g �,��.
<br /> �: ' peric�v that Lectdct�+equires. 'iTje insurcusce canier providing the iasurante.sis�ll be chosen by Borrawer wsbjerl to Lender's . -
<br /> _ opptovai whi�h sliall not be unr�unna6ty w'Wtetd. if Borrow$r.fails ta maintaiit coverage dcsrri6ed abuve.Lender may.ai.'
<br /> = Lenders aptian,obtain cwverage to proteci Lender's dghts in�he�iopeny in nccurdance with paragr�ph 7. �
<br /> All�n,s�uance poficies and renevrat�+shal!be acce�xab�e,ta Lender and shall imlude a standard mortgage ctause. Lender
<br /> � shall l�ve the right ro hotd the policies and renewals. if[xnder rec}uues,6crmw�r shall prompaly give tn Lender ai!receipts
<br /> -- - of paid premiums and s�newal notices. In the event of toss.Borrower shall gi��e prompt nntice to tlie instuance carrier and
<br /> t.ender, l,ender may make proof uf toss if not m�de prospdy by Bormu•er. ` • _
<br /> y, Ualess ixnder and Boimwer o�Fienvise ufiree in wriang,inaurance proceeds shall be applied Eo restaration or repais of —
<br /> = tt�e pra�eYty,dama�ed. if d�e restorauion or repair is eronumic�alty fr.�ibte and Lender's secvrity i.4 nnt Icssa�A. if the -- -- _-
<br /> restoration or regair is not economicalty feasible ot Lender's secanty wou[d be Iessened,the insur.u�ce proceeds shalt be —
<br /> ` applied to tke swns secuned b�; this Security[nswmen�whether ar not then due.with an�eacesS paid to Bonower. If � _
<br /> ��, ' Barroues ahandons the Property.or daes not ansuer within 30 days a notire From Lxnder that the insur�nce carrier has —_
<br /> - at�ered to settte a ctaim.titen tJender may coltect the insutance proceads. l�nder may use the procecdc to repai�or aestore
<br /> '`'�` the Property ot to pay sums secu�ed by this Secariry inswment.whe�her or nat then dae. The 30�day period will begin wfien -
<br /> . the aotice isgiven. �=__
<br /> -- �;;�'•. UnIess i.endcr and Borrawer ott�etwise agcre itt w�riting.any.application o€proce�:ds to principal shall not eatead ar —
<br /> ' pastp�me the due date of the mnnthiy payments refamed to in parag�apbs I and 2 or change the amount of the paym�ents. tf
<br /> under paragraph 2t the Pmpeny is acqaired by Lender.Botrotiver's nght to any in_curance policies and panceeds resuit�ng —
<br /> 3C
<br /> - j. from damage ta the Prope�ty prior[o the acquisition shafl paGS to Lender to the eaten[of the sums secarzd by this Security =
<br /> � ' -� insuument immediateiy prior to theac�tisitian. �'-~'�
<br /> ;,n;,;<;," �" 6. Occupancy, Fresewatio� :Vlaintenaa�ce and Protection ot the Property: Borros�er's l.oan Applicatian; �;°_
<br /> :;"�.� . LeaSehpldt �orrawer shai!accupy,establisb.and use the Propeity as Borrower's•principal�esidenre within sixty days atter —�-�.;:_.
<br /> � � the execupan of this Secarity/nstnunent and shall continue to ocrupy the Property�s Borrower:s priacipa!residence for at ��==��
<br /> T�� r� ' teast oste year after the date of occupancy. unless i.ertder otherwise agrees in writing, which consent shali not be ��-:�
<br /> ' �� iuueawnabty withhetd,or unless ex[enuating circum.�tances eaist which are beyarrd Bomawet's contral. Borrower shall nat . —__-
<br /> l�``'. Y• S P Pe�Y• Pe Y PertY• �`..�---
<br /> � C•�: destro dama e or im air the Pro �ltotv she Pro rt to deterinrste,or commit waste on the Pro Barrower shall ---
<br /> �'''+ �'';' be in defawlt if any forfPiture ae[ion oc praceeding,whether cit•il vr rrimimal.is begun that in Lendes:s goad faith jud�nent �"�"'`�_-.--
<br /> , =ti�f�,� . _--_-==_
<br /> r#«'r,,.°;�;`°�-` could n:cult in forfeinm of the Praperty ur athen�ise m�terially impair the lien c�ted by this Secnrity Inmument or '�'"`°r;��----
<br /> — . ?c;:P;r�;,::��' ; �,:�=
<br /> �, - ,.•,;�`a�,�'�> Lender:s secwity interest. 8mrower rnay cure such a default and reins[ate,as provideA in paragrapl�l8.6y causing the action =�,�
<br /> ' ` _ '.� or praceeding w be dismissed with a ntting that,in Lender's good faitt�detecmination,precludes forfeiture of ttte Botrawer's _ '� '�
<br /> inte�esT in the Propeny or other material impairtnent of the lien crateA by this Securiry Instrument or I.ender's security ��. .� -
<br /> ��;'�s� interes�. Borrower shall also be in default if Borrawer, dusing the laan application pracexs, gave materialty false or -
<br />- =:i �'.i-!_-4r.,, __—
<br /> , ,. � _ inaccur,:se information or statements to Lender lor failed to provide Lender with any material infnnnationl in cocmectian with -
<br /> •: � �� the ioan evidenced the Note,irtrludin , but no1 limited ta.m rerentations concemin Barrower's acc .ui �of Ihe `?�-
<br /> • ', -_��..��'..'�`� _'� Ery S P S uP" �Y •� �..:-
<br /> _i�_' Pr�operty as a principal residence. If this Security InStrument ic�n a lr.isehaid.Borrower shal!comply with:ill t(te provisir�c•s • , "i��"°�;;
<br /> '' ' � ` � ` �f the lease. It'Qvrmc+��z acyuires fee titic w the Pm�sy,the leasehotd and the fee title shall not rtterge untc.ss I�der agees f'�' �= -
<br /> 'ir s,a,�:'.�� ._' . to the merger in watiu�.- " - -°
<br /> • . :.:� '>�' , `. :''� 7. .Protectioo"�`Lender's Rights tn tiue Fi�s�rty. If Bortower fails tu perfomt the cavenants arsi agreemen�s •"w.i
<br /> ����;.,
<br /> nY��>s�s contained in this Securiry instrumer�t.or.there is�tega! prnc-eeding that may sisnificantiy affect l,�nder:s rights in the ''' ; r',.�, �
<br /> ;': ;�; ,,. y�'�tr,L.; Properiy Isuch as a proceeding in banl;ln�cy,prab,ue.for condemnanon ar fort'eiture or ta enforce laws ar regutations>,then ,� �u
<br /> � Lender ma do artd a for whatever is neces,a �i mtect ihe vatue af the Pro rt and Lender's ri tti m the Pco rt ��v
<br /> '�: �` ;��4�2� �' Y P.Y �}.. P P� Y ��- � Pe Y• . . ..�;. . y _
<br /> �P'' ``�"r�'�;" ��� • • L.ender's actions ma +nciude a in .u� sumc secur�d b a lien which h�.ti riorit over t h is Securil Instrument.a n �. ` �, �.`��' {a
<br /> � Y P Y S ' Y Y" P Y Y PP� � . .
<br /> ���;,±�;'; � • ' in court.paying reasorj:+6le attomeys'fees and entering on thc Pmperty to make a�pain.Although Lendcr may take action � : -
<br /> _ .�;:�:s:•>.,-,:�=�': ,�, under this pamgraph 7.Lender daey nat have ta do,o. ' ,
<br /> : `...f;n,; , Anc amounts disbur�ed by L,endrr under thi.psuugraph 7 tih.�U became additianal debt af Hoaower secuc�d by this �' _
<br /> � . ��+ <<,';,,•__.�;•; 5ecurit}tc�r_�vment. Unless Borrawer and l.cnder agrce to oihrr tcrmti uf paymen�ihesc amounts sh�ll bear interetil frexn the ' � � �. :
<br /> „a.,
<br /> ;'��ri��.J'. dato o f�:�":c.rsement at t he Nate ra te zm d ti ha i l h a a a b le.wi t h in te rc�t,u o n n o t i c c f r o m L e n d e r t o B o n o w e r r u e ti t i n ' `-•=
<br /> .�`��' „� payment. � Y P �t S . =y
<br /> , :ti. 4"�";; ' -
<br /> • - T . S. 41Brtg�Cac�rance. lf Lcndcr reyvir•ai:nortgagc imurunre as a cnndition of ms�kin�the loan secured by thi�s .� _
<br /> �. ` �' " " Securit}•.fir�sL�:ne^:.L�:ortativcr shall pay the pre;::4ms reyuirrd to maintain the mongage inrurance in et'tact. If, for any : „:; .
<br /> `� •�f��ih;�l'�k;;� reation. �e :nort�age inyuranrr co�c�r�� req::::ed by l.ender lapsec or eea5e� to he in etfe.et, Barrc%.�s +hall pay thr. .;.,:;�'.':;.,.,
<br /> �.��ti
<br /> n rs.>,.
<br /> '`f�=;''.��(�;��-- premiur.:s s�c{uire d tn �Stain covera�e i y hsta.�t'r.(Sy equiva tcnt to t hc mortgage insurance��ti:=inus ly u: ct�"�:l.8 t ��35 t• f y�t;.:.•,:;.
<br /> . 4��ii;:',
<br /> ' �-,. .rubstantiall uiva(ert t�a 1he cmt to tiorrower oti t1�e mart a e in�umnce re��i��:.c�Iy;n vt��a�:tTom r�r�.[o.�r;.�Tw mort � e t �� �`���'�:��i::�j�. - ;-
<br /> �,•' .;,�;,.� , Y W S� F , . fi S t�� F,:� , ...
<br /> .,,;�,._ insurer apptoved by Is�rnL:r. !f tiub�tamiaily ek�i��a��:Tt mvrtgu�*e inruruace cc��r.�r:ti c,y,w���:;a�le.Betm+s�shall pay t� �,�° • , ' ••:�:
<br /> � Lender eaeb munth a��rc cqual to one•twelfth ct'�7ir�..early marig�ge in�ur�nce:�:a�:r.;�r���zy„paid by�s.-r.�?xwer when thc � • :-
<br /> . `.�� ' �• �: , imurance cnverage lapsed or cea�eA t��be in effer;.'�:.�nder wiU accept,u�c and tetacZ ti.�y:•as4.raent��.�a t��ss reserve in lieu -•�`.n}:�,•' ;
<br /> � � ,' ,';;�"�, , of mnngage in�urancc. l.o��rc�ervr pay�ncnt�ti mry na langen c�requircd,at ihz c��i:z��:E`G:s�det.ii m�rtgage insurancc '. •;al;�,'- ..--•,''�
<br /> � • . � • caveru��(In ihc amount nnd for thc peri��d that l.cncicr rcyuircti)pravidcd h}•<<n:r����r 4���:i ed by l.ender again became� �::���;��{�.._
<br /> • - �• � .. availuble and is o6ta�rsa3.Borrnwcr yhall p�y thc�r�:-nium�rcquited tn maintairr�r�:,��age tsv.�rance in effect,tu to pravidc u ��'`'
<br /> • • Ims resrrvc,until lhe rt+�uirentent fos mc�tiga¢r{n:�ur:snce ends in ucrc�rdance�+�tt�any writtc»agceemrnt�s�4��s�ern Barrower �' •. - - . ,
<br /> , �. ' . and Lender ar:�pplic�T�-1�taw. � � �
<br /> � '''.� �• �"`' 9 Inspeetlon. �nder��r itc agem may makc rear�mable rmriry upan and in�pection•of the Propecty. I.rnder tihall � .
<br />�. � � ; j;,,'�:r,;. give Bnrrotiver nntice at the tim�of 6r�rior tc�an inypectiim tipecifying reation.ibfr cuu�e fur thr��l�pection. � .
<br /> ���;�'� 10 Condemtt�tion. '('hc prac-_�v�ni any aa•ard�tir claim for d,miagc..dircct��r cunuyu�miial. in cnnncctiun with.my � , .�
<br /> �'�;+''•i�:. , ` � .
<br /> • SmticN.ond�..ti�nnle�taeEr�C�ie�farl'�14'I�N�fISS7'(tl�tEn'!'..1'nif�,nnCovcnaoi� 9;40 ,�ui¢c.��,f�,pue�•c� j•.i.�.° ,
<br /> • , .�. I�rc:it4d�vin:,lr.ral�¢m+.lrc � I��? •.� ,
<br /> � . c y.�J. . l��arOrtl;ill 1�1'fN�.Itr9�M19�7 P.1Y6fG7�1�1171 ��7
<br /> . . ` "�?'�(�,+1.�
<br />� '�7:'11rJ ' ' .
<br /> , :.� �;,. . . .
<br /> '"�I s .
<br /> �� .
<br /> `.
<br /> ;.(;• .
<br /> . : ��,i.i;.
<br /> : �"1 �.. ._.._'___—'__ — . _ ' _ __. . _ . .._ ._.. .. . ... — _ '_
<br /> � . r .'f�. ' ..' . . �� ... ' ' . • � � !�.
<br /> � .� :I+�. . '�'(. .
<br /> �� � ,
<br /> . �'� : .. . _ � . . . .. ... .
<br /> . , � . • 1
<br /> ._ ' � ...� . '"_ '".. _.. . — _ _ '. ' '_ ' ' — ._ . ...._. . ' '
<br /> ... ....."' _'_"""".v _....._ .. _ ..... __ . ._ _ . . " "... . . . _ . ... . . . . . . . . _. .. . . .. __.. _ . . . ._. . ..
<br /> ,. . • ' . _ . � - . (• .. . .
<br /> �, f
<br /> ' - t } - . - . �. . � ._. . ... ._.___ . �.-- -------� -- --t . .- - _.._.
<br />
|