|
k`F:
<br /> � � l.-. ' '� � »1
<br /> �.'a'
<br /> h.Y' " . .� .�Y . i•.
<br /> , •.Y:
<br /> � g3= 3ae4zs
<br /> � periods that Lendcr requircs. The inaurance carrier providing the Insurance sh�ll be chosen by Aorrower snbJect to l.encierk
<br /> approval whkh shall nat,�be unrcasonably withheld. lf Horrowcr fails to maintain coverage dcscribed abovo,Lendor may.rt
<br /> Lenderh option.obtain eoverage ro protect Lendor a rightx in 1he Property in accotdance wlth p�ragraph 7.
<br /> All i�lFUrnnce policies and renewals shall be acceptnble to Lender w�d shnll include a standard modguge claure. l.ender
<br /> shali�hRMe d1R dght ro h�ld the policiee and renewals. If L.cnder mquires.Bornuwer shall prumptly give to Lender ull rcceipta
<br /> oE paid p�a�'liums end renewal notices. In the evcnt of loss,Borrower shall give prompt nake a the insurw�ce curtier w�d
<br /> r Lender. l.ender muy mnke praof of loss if not madc promptly by Borrowcr.
<br /> • UnlBSS Lender and Botrower otherwise agree in writing,insurunce praceeds shall be applied to restw�tfon or rcpAir of
<br /> ��' tbe P�p�etty dnmaged, if the eestoratian ar repAir is economicully fea.wible and Lender's• securiry i� not Iexsened. If the
<br /> ''��� � restArat�on a�r repair is not economicaUy feasible or Lenderk security wauld 6e lessened. the insuratrce proceeds shnll be
<br /> .. •i{P F F' applied to.the sums secured b this Securit Instrument, whethar ar nat theo due,with An excess id �a Bomnwer. If
<br /> ��i�,.. Y Y Y W
<br /> +-��.-: Borrowor abAndons tha Propeny. or.d�nat nnswer within 30 days u notice from Lender thnt the inxurance rurrier hag
<br /> ��;,' , ,;�' .: ,� �� uFfared to senls o cluim, thnn.Lender may collect the inxurw�ce proceeda. Lender muy u�c �he pm�;eed4 to rcpair or rextore
<br /> '�•� =`•`'s=:'`-� � tho Rvparty or to puy sums recured by this Securi�y Instrumcnt.whether ar not�hen due. The 1!l-day�xriod will 6eQin when
<br /> ' r' the natice ie glven.
<br /> . � . Unlasa Lender and Boirowcr othcrwi+c ugrcc in writing, uny upplicu�iun a1'pnx��d. io prinripul rhull nut cx�cnd�K
<br /> `���,�`. poslpone tha duc dute uP the m�x�thly puymen�w rcferncd lo in�rugrapli.r I und 2 ar chungc Ihe um�wnt nf the puymcnl�. If
<br /> . �;�-��L" under poragraph 21 the Pncrperty ix ucyui��Ki b,y l.en�kr, Bom�w�r:�l�h�a� uny intiurunr� pdirir.ui�l pnk��rdv rcwUing
<br /> from dumage ta�he Pmpcny prfor�u�ix uryuixi�i��n�hull pue,:�o I.enJer�o�he rxicnt M'ttx rum.µcu�d by thiK Sccu�ity
<br /> Inxtrumenl immcdiutely prior tu thr uryui�ition.
<br /> , ,`'. :4 ,�„-�"'•µ'�._ ... b. Qecupancy� PreservWlnn� MotMenonce and Protectbn of the PrnpeMyi N�x'rower•K I.una ApplkeNon:
<br /> • '' - r'^" �� �' • ' I.eASeholdA. Borrowcr vhall a:cupy,rslublixh.and u�c�hc F'ni�xny ux Homiwurr principul n+idcncc wNhin+ixly duyK uqcr
<br /> .,�',�. . � .
<br /> �••. • the eaeculioo of tbiK Securi�y In.�rument und xhall rc►ntinue�o�xrupy thu Prapeny ux Borcuwer w princi{►ul rcsidence I'or o�
<br /> o ; , IeuKt one yeur uftar thu dnta of �xcupuncy, unlr�z l.ender a�herwi� uanso�: in w�lting, which cnnscnt yhull not Im
<br /> F unreu+onably withhaW,or unlus.ex�unuming circum�tancc.cxi,� whiah un:trryond Borruwcr+contu�l. Horrowcr xhall not _
<br /> daatroy,dsunuge or impuir�ha Pruperty.aUow thc Propeny to detedoru�a,or commii wustc on the Propeny. Borr�wcr,hall
<br /> • be in default if any forfailu�u uoUan nr praeeding,whcther civil or c�iminal, is f�egun that in Lender:goad tai�h judgment
<br /> ' . could resuli in Pw�feiiure of the Propeny or o�herwise materinlly impuir the lien created by thix Securi�y Instrument or
<br /> � ' Lendarh hecuri�y intere�t. Boimwcr muy cure sucl�a default and reinxtate,us provided in paragraph IR,by cuusing 1he uction
<br /> : '. or pmceeding to be dismixzed wilh u ruling thu�,in LenJer±gc�od fui�h detenninution, prcclude+forfeiture of the Borrower+
<br /> � � . interest in �he Property or other mnteriul impaim�ent of�he lien creAteJ by Ihi, Serudry In+trument or Lender'.s xecurily
<br /> � .ti.,°�, interest. Botrower tihuli�also he in defuult if Burrower, durinF the luan upplicalicx� p�ocesz, gave muteriully fnik or ��;I
<br /> ��� ;' ;} •'• � � inaccuratc informa�ion or.tmamemn to Lender(ar fuilrJ to pmvide Lender with nny mu�criul informatianl in cannection wi�h
<br /> �:i:i�';�f'.,
<br /> '�'����,�• -� Ihe luan evidrnced bv the Noia, including, bw no� limited to, represeNations conreming BorrowerL accu�►uncy of the
<br /> '-` ��•'�� � Pi+operty us u principnl_residence. If this Security In+trumenl i�c on a leusehald,Borrawer�bt�ll rumply wi�h ull the pruvisionz
<br /> �',�"�"� �•�''��` � � • of the I�a�e. If Borrower acyuirec fee�idc�o thc F'ni�xny,the leuschold und lhr fee U�Ir shall not me�Fc unles.�Lender agrcew
<br /> ,�;`,•„''` ,i''`�'',�:.' . tothe merger in writinR. �
<br /> ..�,'���;, I •
<br /> `'�t�'• ;�.;,����,6 . 7. �otection oP lxnder's Rights in Ihe Property. If Borrowcr fails to�rfonn �he rovenantti nnd ugreemenl� #�'�.
<br /> � `�� • contuined in this Serurity In+lrument, or thcre i. u Iegal prixeeding that may zigniticunUy uffect Lendcr: rightx in the
<br /> �..;:•.,;•.. . .
<br /> • Property lsuch u+u prcxeeding in bankruplcy,pruhate,for canJemnution ur i'orfeitun ur�o enforce luw�or regulationz),then
<br /> � I..ender muy do anJ puy for whrtever is nccr,xury io praiect�he vuluc of�hr Propeny nnd Lender�rightx in the Pro�xny.
<br /> Lender's action�m►►y inrlude payin�uny,ums ucureJ My a lien whKh hu+prioriry ovrr Ihix Srcurity Instniment,uppeurin�t
<br /> �,. . ;. �
<br /> in rc�urt. paying masonuble uttomrys'1'cr+und rmcrin�on the Propeny to muke repair+.Although Lender may tuke action ;-=�t
<br /> "��: �=,��, und�r�his paragraph 7.LenJcr J�x�no�havr�o Ju�o.
<br /> �•s'� An amnumx diyhurscJ b l.rnder undrr thi. aru�ru h 7�hull hecomr adJiti�mul dcM uf Bi�rruwrr secured b thi.
<br /> ��j:� . y y r• � r >�
<br /> .;�.+:';•,.�;' , Securily Inxtrumenl. Unlr,�Bonowrr,md l.rnJcr agrre to othrr trnn.i►t'paymem.tlk.r nmuunt,,hall Ixar intemst from Ihe �,�
<br /> ��,, Jut�s of diybursrm�nt at thc N��tc rutr and.hull Ix payuhlc, with imrrrtil,up��n noticc t'rom LenJer io B��rtowcr reyuewting .� y.;
<br /> '��.'.•..:•' �''" ' . a mem.
<br /> 'J':.: y p�Y ,,
<br /> ���}�:y, b,.,�:•;!, 8. MurtRuQe InAUrance. H'LrnJer rcyuircd man���gc in�urunrr as;�condiiiun ul'making thu k►an�rwred hy this � .�,:
<br /> ;, !�; � "' '' Security In,trumem, B��rrc�wer tih��ll puy �hc prcmium�c rcyuircJ lo mainlain tix mnrtga�e imurance in rl'i'ect. If, for uny
<br /> 'i�,�:.' remon. the mnn�tnge in+.umnce co��crugr rcquircd hy Lrnd.r I��p.c. nr r�•:�.r. u� h�� in i•li�•r�. R��rrnwcr �hull pny the
<br /> '';�,.., remiumti re uired 1�� ohtuin cuvcru � .uh.lantiall r uiv:dent �o Ihe nwn � � imuraikc �viou.l� in effert. al u cost
<br /> p 4 !�' > 4 �'�!•' IN'
<br /> ��1'�`� � sub�tnmiolly ryuivalum to ihr co�t �o B�irm�c�r ut'Ih�mungagc insur.inrc pre��i�,u.l� in cl't'rrl. from :m aUemuk mnrtgugc
<br /> innurcr�pprovcd hy L.:ndcr. It'+uh.ian�iall��ryuivalcnt nwh�;ag� in,uruncr ruvcr.�gc i,nu� avuilahlc. Burruwer shull pay lo
<br /> :� l.ender ri�eh momh n�um eyual lu onr-Iwrllih��I'thr yrarly mimgagr insurance prcmium fxinE p:iiJ hy Bortower when the 'r'
<br /> �'� .. innuraix:c covcragc lapticd urccu�rd to Ix in rlt�rt. L�nJrr will�irrrpt.u.��and r�t:�in thc,c�r,��meniti u.;�I.�,+rrscrve in licu
<br /> . of mcNtgaue imuranre. l.o�x re.cr��e pu�mem.ma} nu I�mgrr Ik reyuired. :n�hr upti�xi ut�l.crnkr. il m�,ngage in.urance
<br /> �;'.• covcrage lin thr amaum unJ li�r Ihr prri�xl Iha�t.cndur requirc,►providrd hy an inwrcr ap��rnvrd M�(_cnd�ra�guin tkromcs
<br /> ;. , - �vuilahlr:mJ ix nbtained. BnrcoHer.hall pay th�pnmium.reyuired tc�maintain m��ngc��:r in.uranre in rll'eci.��r tu prnvidr:►
<br /> � %i.' � lus�re,crvc,until Ihc rcquircmrm tiir mungagr in,urunrc cnd, in arrardancr «ith any ��ri�trn a�r�rm�m ixi��crn H„rrowcr ~
<br /> and Lxnder or:�pplir;�Mc luw. ti',y'
<br /> j��;ti ' '. 9. In�peclion. Lrndcr or it�:iErnl ma� mal�r nauun.�hlr cnlrir, u�xm :ind inykrtiun.ul'Ihr I'rupi n}. Lrndcr yh:dl
<br /> :.� % � : � givc Borri�wcr nnticc ut Ihe timr ul�ur priur io an in.�xr�ian ti�xrifying rcaronahlc c:iu.r li,r th�in��ctiun.
<br /> '� � 10� ('ondemnation. 1'hr pr�►crrd.ul am :��+ard or rl:�im li�r damagr,.�lircrt ur�•un,ryucnlial.in c�m�xrtion aith •rny
<br /> �� :
<br /> � � � timgM I:nnily-•Funnle Nwe�Frrildk�luc l'�IF11RN IX%7'RI\1F.\7'- 1'nu�nm 1'�,�.u�m. Y411 yrit•r+n/r��a�cr�i 'r
<br /> ��� `� . G`r.a Lrr.nwn.,e t�r,.��ir� ■
<br /> ' i��I�nYi I:�N 1#116Ct1►9,"190 L7 iAE UI&7111•11:11 .
<br /> _t i� �
<br /> i � ..
<br /> � t .. -Y,�[.:.—. . __. - +.�. ... . .. . . . i___„"".Mn+,l:.4iC::,+J'"...ieeal�.. Y..: .�. . �. _.. . .
<br /> � . . . .- -- --- ' ., - - -
<br /> , --- --.. ---•-., ,
<br /> �t�• �' ; . 1 .
<br /> ,'",� � • .:r,.. : ' ' � '�:� , , . .
<br /> � ��.
<br /> . . �.;:; . ','.
<br /> � • � . . , .
<br /> � ., '_
<br /> �• : . �
<br /> ���9 ; . � r_ .
<br /> _ � �� .
<br /> • �
<br /> f , .
<br />
|