|
�,.�- .'
<br /> � .�'A'0 ��i.. .n. ." ,
<br /> ' _ . . . . ., . .,�p^
<br /> .' ' � 93- io�
<br /> �
<br /> perfoda Ihrt Lendcr rcyuirc�. 'ilie in�urwrco c�,�pmvk11r+8 the in8urur�cc�hrll be ch��cn by H�xn�wcr xubJect t��Lcnderl�
<br /> epproval which�hwll not bc unrouwM►wbly wlihllcld� If Hamowcr f�ilR to mninlafn arven�c deecri6ed�buve,Leiider rn�y,at
<br /> Leoderk aptfon,abtrin cave�e tu pmlcrt l.ondc+�s�i�thte In�he Ptapeny M�cc�►rdanco whh�B�ph 7.
<br /> All insumnce policic9 ond rencwxl�a�h�,ll bc+rCCeptubk ta l.e�xkr orwl Khull incluJe w K�anda�d mon�uQo clwuxc. 1-xnder
<br /> nh�11 twvo tiic right 1n hqld the pt�flcic�+mt!ntncwAln If I.ender reyuimx.&�nowrr xhAll pmm�tly Qivo tc►l.ender�II►e�eiptr
<br /> of paid prcmiums and roncwal naticcs. In lit�cvent of loc,�,Burmwcr Khall yivr prum�ndl��e �a tho in�urw�ce cnrrkr rnd
<br /> Lender. Lcnde�mpy mal�.o pnwf��i I�rh if nqt.mwdo pcompt�Y bY Bnrrower.
<br /> Unless Lender and pnnnwer whe�wi�s ugree ln w�iling,inxuraace�mxecdx Khall be applicd to rcsl�xwtion or ropair af
<br /> the1�r�eny Jamaged. if�he ruat��rutiun ur,reEwir IK cconomicully fcu�ible nnd Lcndcr�: sccurity ix m•t Ic.+rnrd, If the
<br /> ' restora�ion or repait 1s npt.ecanami�Ally faa.tiiblo or I,ender� Fecurlly wuuld be Iew+ened. �ho inr,urnnce praxedx Rhull be
<br /> applied ta tha sum� xccunsd by thi� Secu�ity ins�rumem,whether cx nai�hen due, wiih any excex,c puid tu Borrower. If
<br /> Barrower abundons ths Prctpeny.or daes �t,unswer within :�(1 duyn u notice from l.ender�hut the insu�unce currier hax
<br /> offered to r,e�de a rl�im,.then l.endex ma��collect the insurunce proc:ceds. Lender muy ur,c:�ha proceeds la repair or restaro
<br /> the Property ar to pay Rumc.a�ecu�ad by thlt.securi�y Instrmnem,whether or na�hen du�. The 30-day periud will hegin when
<br /> thc notice iu given.
<br /> Unlesx Lender nnd Snrtc►wer Mh4rwi�: ugrer in writing.uny upplication of procecds to principal ahall not extend or
<br /> pa��pone the due d�te af.�h�manthly payments rcfemed�o in purngrophx I unJ 2 or chan�e�he amount of�he puymenta. If
<br /> under pamgmph.21 t�Prclpgn�� is.A�x�uircd by Lender,Burrower�c righ�t��uny inxurunce pulicie� and proceeds resul�fng
<br /> from dnmage to tht Pmperty pciar.tn.�he ucqui.r•ition zhull puxs m Lender ia the ealent of the xumK hecur+ed by�hi�:Security
<br /> ._�. Inatrument immedia�ely pfiat.t�tlk.acqui�idon.
<br />�', ,,�:.,'� 6. Occupwnty� Preserratfaa, Muintenance And prolection of the Property; Bor�ower's Loan Applicatlont
<br /> � I.easeholds. Bormwer Kh�11 accupy.estublish,und uue the Prapeny a�Sarrowerk principAl residence within sixty duyc nfter
<br /> : � �.s. � • the executian of this Sesuriry Inst�ument und+hull cantinue io occupy the Pmperly u� Bonowerk principnl residence for nt
<br /> t. ..,�.` ,:..,,, •. .
<br /> . .�:�',»•��-•�-���'�' leatit one year after the duie of occupancy, unle.rx Lender othenvise ugreeti in writing, which conxent shull not be
<br /> r,r::' �*.
<br /> ;;: � ��,;�• unreuxonably withheld,or unlesx extenuuting circum�:tunce�exist which ure beyond Borrower: control. Borrower shull not
<br /> de�troy,dumuge nr impuir the Propeny,ullow thc Ropeny tu dc�criornte,or commit woste on the Property. Bnrrower shall
<br /> ' = . ' • ,,,.�:,�' be in defuult if any fortciture actian or praceeding,whethercivil or criminal,i+hegun thut in Lendert good fuith judgment
<br /> }�°"x ���'' � =� could result in farfeiturc of the Pro n or a�herwixe mrrteriall im uir the lien created b thi� Securit Intitrument or
<br /> w,,t : �':•d�. <,:,." 1� Y Y, P Y Y
<br /> ' , � Lender�xecurity interezt. Boaower muy cure zuch A defuul t und reinhtu�c,u�pr�vided in purngraph 1 R,by cuusing�he uction
<br /> : . or pmceeding ta be dismissed wilh a ruling thul,in l.ender;gaxi failh determinution,preclude�forfeiture of'the Borrower i:
<br /> �� ° � „ .,,� interes� in the Propeny ar other mu�erial impuinnem ��f the lien created by thi+Securicy Ins[rument or l.ender y security
<br /> ' � ' interest. Bnrrower shall ulso be in detuult if Bonower. during �he loun upplication prace�s, guve matedully falxe or
<br /> ,j�: � ,. ioaccurnle informution or stulements to Lender(ar fuiled to provide Lender with uny muteriul informntian)in connection with
<br /> �;� � - . �he loun evidenced by �hc No�e, inrluding, but not limited to, repre.entutiuns conceming Borrower: accupancy af the
<br /> ��_ �.,.r,�..;.: :..: ., �,; propeny as a principul rc�idence. If�hi�Security Inytrument iti��n u leu�hold.Borr�iwer tihull ecimply with aU the provisions
<br /> -- '`"" ' '` oF!he ICAxe. If HoiroeYei a!�quire�fee lltle!o the Pr��•hy:�he Iea�crhnlJ and the tee titlr,hall not merRe unlexs Lende�agree9
<br /> ! 1 . - •- ^ to Ihe merger in writing.
<br /> • ' - • 7. P�otectian of l.ender's Rightq In the Prupeny. If B�xrower tuil� to parti�rm the covenumx und agceement+
<br /> � ,. contuined in thin Srrurity In+trum�:n�, or therc i, +i Irgul prixecdinE thut muy ,i�nific:intly uffec� Lender's rigNts io the
<br /> � property(yuch as»prcxeeding in himkruptcy,pruba�e,lix cnnJ�mnutiun or ti�rtii�urc nr iu cnl'oree lau•,ar regulution.),then
<br /> Lendcr muy do i�nd puy fi�r whuicver i, ncrrssary �o protcct thc v:dur uf�he Pn��nriy und 4endcr:righis in the Propeny.
<br /> '• Lender:action,nu�y include paying uny wm,ucurcd hq a lirn which ha.priority uvcr thi�Sccurit� Instrument,uppeuring
<br /> �i • + in coun,puyin�!rcusonuhl� uuorney,'frr��md rnl�ring nn thc Pro�xny ti► ntakc repain. Althuugh Lender muy tuke uction
<br /> i under thi�purt�grup117.L�nd�r doi,not huvr to dn.u.
<br /> �� • Any umount.di.hur.rJ by Lendrr undrr Ihi,pursiE�•:iph 7 .hull Ixrunu aJditionul JrM ul'R�►m�wer�ecured hy Ihi+
<br /> :E" � Srruri�y In.�runxm. Unle.�B��rrowcr�ind l_rndrr agrce lu i,thcr�cnm ot'puynknt.thesc umount.shull hcur imerest fram the
<br /> '��•� datc of Ji.hurMmrnt cit Ihc Nu��riur und yhull hr puyaM�-,with inlcrcxt,u�xm m�lice i'rom l.cader to Horrower requesting
<br /> �•� � puyment.
<br /> � " 8. MoNRa�e InFUrynce. If Lrndrr rcyuirrJ mixt�.uge in�unmrr a+ �i c�mJiti��n�i1'making �he laan +�wumd by thiti
<br /> , , Security In�irwnrnt, Born�wcr �hadl paq• thr pr�mium.rcc�uired tu maim:�in the murt�:age in�urimre in rffcrt. If, for any
<br /> � . � rcu�un. Ihr mangugr imunuxr ru�-rr��gc rcquircd h�� I.�•ndrr lup�c, or rcax, a� he in cftirt. Rorrower xhall puy Ihc
<br /> �� prcmiutn. nquir�d ��� ohu�in ru�•cr+�ge .uh,l:mli►�Ily rquivaknt w Ihr mm��ago inwranrr prrviau.ty in effect. at u ru.l
<br /> .uMs�amiully�yuivalrn�to �hc cu.t ta Harr����cr i�l'Ihe mnn�:��c in.uranrr prcviuu,l�� in rl'Icct.Gom an uhcrnule mi�ngu��
<br /> . inxurcr uppn►vcJ h�•l.rn�kr. II',uh,lunticdl�•cyuiv•rlrnt m�m�agc in,urancr cu�•rragr�.nut av:�ilahlc.Aorrowcr shull puy tu
<br /> ' Lendcr rurh monlh a wm eyicd lu unr-Iwrllih ol'thr yearl�•niunEagr in�ur:mrr prrmium Ixin�paid by F3��rro�vrr when 1h�
<br /> � inzuruncc�ovrro��lup.ed��r cra�rd to Ix iu rtTrr�. Lrn�kr��•ill arr�pl.u�r:ind rrl:iin th��e pa}nknt�a�a lo��rc��rvi in lieu
<br /> . ' ol'mi�rtgugc in�ur:inrc. 1.��,+rr,er•r p:���mrnh ma�� nu k.ng�r Ik r.quir.d.:u �hc uptiun of I..rnJrr.il'murtgugr insuranre
<br /> . ciwcrugc lin thr amounl and liir Ilx�xriud Ih;n I.rnd�r rcyuirr,�pru�•idrJ h�•:m in,ur�r apprnved hy Lrixlcr uEain txromr.
<br /> . . uvuiluhlc uixl i,uhluincJ.Rurrn��er.hall p:iy thc�,rcmium.nyuind lu maimain mon�:aEr inw�suhr in rticrl.�x tu pruvidr a
<br /> � :, . . � . lu�s re�rrve.uqtil Ihe rcquirem�nl liir morigagr inwruncc�nd�in:�cr�rrdanre��ilh am wriucn agrcemenl hctN�ern Hnrn�wrr �:,•
<br /> " • ��•�, und L�ixl�r��r npplic:�blr la�v. �.
<br /> ; � � 9. Inzp��ction. l.�nder��r i�,u�em m++� makr rra,�,n:iMr crnric,up�,n+md in.Fxrtinm ul Ihr Ru�xn�. l.�nder.h:dl
<br /> • Eive Borrnurr notirr ai�hr timr uf or pri�,r tu:�n in.�krii�x�.�xril'�ing rra.��nahle r�ui,�li�r Ihc in,�xctiun.
<br /> i . .�� �
<br /> •i III. Cundemnati�m. lltc pr�irerd•af um•:���arJ ur�•laim li�r Jamagc..dirrr�c,r cun.e��ucnlial.in cunncrliun with ai»•
<br /> if � �
<br /> ,G �,.,, , timplrlrnuh •F'unnle�fae�Fn�Idir�fucl�IFUR�11��"!'NINt:�'f•-l���innie'���.n:uu. 4WI ryvcrt��l��p�e�'��
<br /> ��f ' • � ��r.d I.io Hu�u�.+f.u��.Im � I
<br /> 1 .
<br /> . ;��. ����,�R�:,�� ��.��.���:�„-�.�f�r,��M��.��:,� f
<br /> �� � a ::'�.� . �
<br /> .
<br /> � t
<br /> ' '.�: - �r•-,�vn----:-_...�- —. - . . . - �.'�,• ..i. n • �:.N....i...:�.7..-J.,-�.. . . , ......;.
<br /> - i . �• •�� . • .
<br /> i .
<br /> - . ' - '���. - .
<br /> ,. { .. .
<br /> ; . .,. .
<br /> �
<br /> � • ,
<br /> � �
<br /> ', �� i ... � ' �
<br /> � �' , .
<br /> � � � � �
<br /> � �
<br /> .!
<br />
|