|
� .. ;.. . • �i` � l .
<br /> �-. - �
<br /> :. � ''�':t ,' --�+•--
<br /> _ ,.
<br /> _" � ' _ - _ — . ._ _ _ . _ —
<br /> _, ._ :. . .. - - — — •. __ . ---
<br /> -�
<br /> �:�,
<br /> _ .r��
<br /> ��Lt ` ' .. �--- c4 . ` • ._.........._ ..�.__.— ^
<br /> �..f; S • , . �
<br /> =��,.: - -- - . ,
<br /> __ • ' _ : . + g�--1�66,� � .
<br /> e �:Raat+d or Ptvpa�t!i�a�a�o�.�°wer shft! Ir�g�e impmva�imts �w�tng or 1�e�aRa a�d� .
<br /> = pmpe�ty insused aguast loss bY R're.Larands inctudod within thc cecm'exteadea coveragc`snd amy athr ts�+�a.iaclud'u�
<br /> _: Boods o:Qooding.for vvAich l•eada ieqni�s inau�noe.'i9�is inwr�aa sh�li 6e a�intai�l ia the amounts aod far t8r p�tiods
<br /> -=--'s �t�at I.end�r ra�ir�s.lba iawtamce r�rIer ptuvidiag thc insuza�sl�Il'be dwsen bY Bosowu subjoct w I�eoder's apprPval
<br /> ...�:g vehic�sl�ll aac uo.w�msoAabiy aziDbela. Lf sonovru rails m a�inmin co�as�ac�riboa abov�.crena�may.at Leader's
<br /> � , �
<br /> .� �J option,obtatn oavetiSa ta pmtect lracler's eights in @se P[operty in aoco�arith puagisph 7.
<br /> �� `.�;: Alt iasuratsoe Pnficits sad tr�ewaLq s1i�116t ac+oeptabie to L�der snd shall iacIvde a st�nda:d martgage+clause..ta�des ,
<br /> --- -- saali Asvr c�ee rig6t m 6otd the polic�CS aIId�.�f t endcF rat�•Bozcowu shall P�PUY 8iv�to Leader�Il coceips of _
<br /> P�fd piemiums am roneaal notises.In she eveat of toss.Borr�wer st�ail givc pmmpc notia to tbe insurance carrier and I�endea
<br /> - � , i,�n�1�mry mai�e pcoaf of tass if aot macle pm�tty bY Borco�rer- 4sed to resto�ation os of tlie —
<br /> - - ' i7nIsss I.ender aad Bomowtr ot6etwise aSc�e in writing.insuraacc Dtoce�s shaU be app� �
<br /> piapetty dun�gad.if tba n.storatinn or repa�ir is ccawmicatiy feasible aad Isncter's secarity is aat iessmed.If the r�radon or ---—
<br /> y`-' npair is nat economira119 fc�blo os i�eader's security would ba iessmad.the iasur.�nce proaetds s6�116e s�ppliad ta the sums
<br /> 'L � sxuted by this Sauriry Ins�.�+bet�er or nat�hea dae.aritb any excess paid to Borrower.If Bomower abandans tbe
<br /> , .,
<br /> � pcop�e�ty,or daes.nat aaswc�a►ithin 30 days a natice fmm.Lender that the iasu�rance canrie[has ofiared to ss�tde a claim,tben ---
<br /> - IRader a�aS!.coliect the insaiauce Fmcxeds. I.endes maY use the proceeds to�cpair os reston tt�e Property or to pay sums
<br />.: , �f-' � sa;ured 6l►•tdis Sacurity inst�umea�,vr#�ether or not cben due.Tde 30day periad will begin when tbe natioe is giveu. --- . -
<br /> - tJNess Lender and Bom�wer-��ti�se ag�ee in writing,aay applicatian of praceeds.to principal shal! aat exEend or __,.�-
<br /> .' � - . poyKpant the dQe dzte of the moathi�'4r�yments referred to in ParagraP6s 1 and 2 or change the amonni of the payments. If '
<br /> � ,.�..
<br /> _ cnder pacagra++h 21 the Pmpetty is acqais�d bg tsnder,Barrower's right to any iasura�xc policies and pmcteAs resulting from ��.
<br /> . ` . :�-.. ✓ ;' ��e to the.'roperty+,'ric-to the cquisitiaa shaU pass to Leader to the extent of the s�s sec�red by this Soazrity Iastn�meat ���'�
<br /> .'';� ,•:- iunnodis�ety priar to the acquisitio� ��--
<br /> � pteseevafIon,Mai�e and Protattoa ot tbe Pmptrtyt Borrowds Loan Applkatbn;l.e�ulds. ���
<br /> - a;r . � Bomuwer�sitall�oau�Py,eatablish,and use the Property as Bornawer's principal residence wittun sixty days after the exoeutiaa of �,�;,`�.
<br /> � "E' • ?�� ;� and shaA coarinae w occu We Pra as Barrowcr's�rincipal residence for at teast oae year aRer �°�`�
<br /> • - dus Security Iastrnn�nt PY P=�Y
<br /> , j!�•�?,� ��•, a�� die date of occupaa�t,±inless LRnder otherwise agc�es in wtiting.which co.�sent shall not be unneawnabl�t withheld,or un2ess r��'j
<br /> _. _ :..:�,.,.:... , ��;� exist whic6 arie beyand Borrower's control. Basrower shalt uot dest�oy, da�na&e or impair tbe _�' '
<br /> .;: :. eMenr.a�ts�
<br /> c�ra�ces �'��_ ,_
<br /> • ;�;:''` . ' pr,op�¢�;,��r�.Fmpecty to deteriorate, or commit w�te aa the Property.Borrowe�shall be in defautt if any forfeiwre . _
<br /> '�,.s�,. ..
<br /> . . -, action ot piuceeding,wl�uher civil or criminah�s�seguA th�sm Lender's gaod faitb judgmaat could�L in forfeitnre af the
<br /> �� . Propercy or otherwise materially impair the lien cuz�...�tsY t�"ss 5ecurity Instrume�or Lender's sec►uiey��st.Botrawer may .,.��
<br /> • '��' :`(� c�ue such a defaWt and reinstate,as pravided in�. _ r.��.6Y��ng the action or prooeeding to be dis...--iissed with a ruling . --
<br /> r" }� :'•r that, in Lender's gaod faith d�etmination, preclu:z°��:�.*F:�ice of t he Borrower's interest in t he P ro y e r t y o r o t h e r m a t e ri a l �, , .�".�
<br /> :s" :G;.�.��,, �..-_
<br /> . •� �t a - , '�� 11rip3iTmCAt of 111e IieD CfPatOd by [hIS SCCUIIty Iosis^�^�'-+DTA1:,�'lder's security interese.I��e�wer shall also be in defaatt if �,,,..•,.'_,'.t,��cF-a—
<br /> pa � .r:,,�
<br /> ;�� ,^ __ . " • Bomawet,during the loan application ptacess,gave�a:�:.`a�se or inaccurate infomra��er statemenu to Leader(or falle3 �.: ','.'�•.;�_
<br /> ��•<;:.` 's,`i,,� '. � �� �_ to pravide I.ender wtsh anY material Infornu►tion)dcc�sameecion witb the lozc��e4ideneed by t�e NQte.ir.ctading, but aat limited .:
<br /> • � ta.re presentations c.orr.�ming Bor*ower's occu�c��,�s ProPertY as a p-�a�1 resfdence.If this 5e�rr_y lnstn�ment is on a j: ! ��..
<br /> . ' .:�-< ,
<br /> ,� .::�;�F�.
<br /> . � � :;:;k . • leasehnla,.Sorra��s:�all comply with all th�Qc��c-:��:s�f a�;e lease. iL �'�wer acq*sires fec t�:,to t h� P r o p e rt 3►. t h e a-: . �,�
<br /> le3sel��Bd��rsr,:cT�¢fre title shall not merge unless.D�ea�er a�eti�:o the merg:,�.�writing_ : f. : .,E;'-�'..:.���
<br /> . . .� 7.Pt+�tea�ion af I.eader's Rights in the�'�3'.Yf Ea.:-�wer fails t��`�c:n the cosenants and agr�ements contained in . _
<br /> � this Security Instnu..--t�i,or there is a tegal praaaa�::�$that may signif caat!��a��t 1-ender's rights i�a t�e Property(such as a • � �--
<br /> .,�,._.
<br /> ' ' • proccedin g in banl�p:cy.probate.for caade�.a'�s or forfeiwre or to enf�nra�taws or regularioas),t�a Lendet may do and :s . �,;'=;`-,-.
<br /> •.��� pay for whatever is r.zressasy to pratect the va?�.af the Praperty and L�mder'�rights in the Properry. Lender's actions may • . _; —
<br />' �:>'� ;:�'� iaclude p aying any sums securea by a lien wbich has priority over this Security tas�'unent.appearing in court, PayinS ;; = _:,�.s!;,,�`,..i:"•�
<br /> � ��'�' ' ' � ; , reasonable auomeys'fees and entering oa ihe Pcoperty to make repairs.A l t haug h I.e��w,,.�w t a i c e a c t i o n u n d e r t h i s p a r a g[a p h ,�.'•,:.,������r�.� : ,,,
<br /> ' � '�-�.• � 7,Lender does not h.at�e¢o do so. � �' `�t' �
<br /> ' ;¢� �.• ; -- Any amoants::i:�nssed by 1.ender un�des n:+is paragraph 7 shall be.:�r:'addatior,�t.debt of BE,�wer secured by this �:. ` :'.` :
<br /> �• � '�'°r". ' Security Insm�ment.•Ualess Bonower anA LeQ:irr::�ree to other tcrms of�;���t.th��amounu s��1!'�aear interest from the ;�' '` ':t�;�",-'.�
<br /> m � � .
<br /> � date of dlsbursemenE at the Note rate and shall�e payab2e.with interest. u�oa no[ic�nvm Lender to Borrower reqaesting f ',�:,,;;, • '
<br /> .. . • •. � . �?}':• ,
<br /> �: : .� . �. paymest.
<br /> -., �.. .' �, . ,
<br /> : ...,T. . 8.Mortgage Tt�vr�nce.If Lcnder requircw�qrtgage ir.sx:aace as'a����ation of making the loan secured by this Serurity � -
<br /> ': Insttument, Borroae�shall pay thc premiums c�},;:red to maintain t'sie .rr�r.';agc insurance in effect. If, for any•reason, the ,
<br /> ' 1'i'% •� � ` � mortgage insurance coverage required by Lcni::��cea or ceases to be"rr�eLPi:�, Borrowet shall pay the premiums required to i � . : ,�.;r;
<br /> ' ' ` ` obtain coverage substantialiy cquivalent so the mor[gagc insurance previously in effect.�•�;cost substantially equivatent to the ` ,;;,4: �
<br /> � � cost to Borrowet of the moRSage insurance previously in effect, fram an altematc rnu�agc insurer approved by l.ender. lf � '��1;'
<br /> snbstantialty equivalent moAgage insurance cos�erago is not avail�ble.Borrower!�hall p�y*.o Lender each month a sum equal to � •
<br /> � � • one-twelfth of ihe yeady mottgage insurance��-�?um being paid by Barrower when the insurance caverage lapsed or ceased to ;
<br /> . ' be in effect.Lender will accept,use aa�retzia s:h,�.�se paymcnts as a lass reserve in lieu af mortgage insu�ance. Loss teserve . ,�:
<br /> , . . Fam�302� 'JIlO �.• „
<br /> � Paqo 3 of 6 � ' -
<br /> � �
<br /> , � •
<br /> i
<br /> ' -- -.-_ ,°�r:.;�-- . . , _� - , _ . � ..
<br /> , . ,. .,..;
<br /> .,�:,:,;�
<br /> , , , r .
<br /> . - -- --- - - ------ - . _
<br /> �: _- _...._ . —• - - --.. __. .
<br /> - . . �.. ' --- -: :- . . .. . � ..
<br /> _-.. ..�._ :_ _-_._�-._. . _ _.._ . ._. . , . .. . .. . . _ .. . ; . ,_ . . .._ . _ - .. - - -; - . ._.. . ..
<br /> I • . .
<br /> � .
<br /> � i
<br /> , s : �' __ ,
<br /> - -, _
<br /> . _ _
<br />
|