|
-'—�,.��,.�:�=�:� -- ..._... _....�..::...: .:
<br /> � .s.� . � --- - -- -- - - ..,......�:-.--_..:... , -- _:.._.r.:. ' ..
<br /> _._-.._ ---�.
<br /> � e� aaiod�dNt tA�nWfra. The inwra�ce c�nix pro_vldla�dw iarunoa�hdl b�chr,���or 1 w L�nd�r1�
<br /> - — M�1�1!��110�b0111YM��01N111 N'�0�0. 1[!lOf10�1Y0�T/�ID I I I a R�I t��!�uuiu-wwiii� --�—�T i��w"'�
<br /> (.OIIdOfk OQ��011�Ob1�11 COVlf��O W QIbfACt 1.i11dOf�I�Itf�!1(h0�y�!1�O L`O I��I M M l l o l E N f�j f f p l�.
<br /> . A��1t1i1If�11Ch QO��C�Q�M1d frtlOWi�/�)�f0��lf W Mld t�1���fIC�UdO�qMld�l�W�t�YRE C�MIiO. �..lfidOf
<br /> ihdl have the ri�ht to hold the palkies�nd renewalA, f Lender�pquirw�Barrowa sluill P�l��Y f�ve w Lauler all rcc�eipu
<br /> at p�id promiu�ns�nd rq�ewal aotfoes. In the evant M'losi.Burn�wet�tMll�3ve prompt notla to 1ha inwnno�c�+nd
<br /> l.ender. i.ender rtury m�ke pnaof of lou it not m�de promptly by Barrower.
<br /> Unlew�[.e�Kier�d Borrow�r o�herwiLO aoree ln wdWt�.inswa�cepraceeds shali be applkd to mtoratfon or rcpair of
<br /> thFp�op�ty dartuQed,if t6e rataatlon a rcp�ir b eoonomicdty fa�iblo uwi LaKlari��ecurity ia not teriened. lf the
<br /> rasuxation-or repiir i�rwt xawmkally feuible �x i.enderti�ecurity would 6a k�ened� the�nwranco proceede�hall be
<br /> appliad to the sums�ecurod by thl�Socurlry W�trwncn4 whetl�ec or not tl►en du�. with�ny exce��p�id to Bo�rower. If
<br /> Bnmuwer abmdona the Proparty.a does r.ot�nawor within 30 day�t notica from I.etder that the itusuc�nca Can'ier has
<br /> affamci,tp cettle a claim.then Lendar m�y wllect the inauranco prpceeda. Lender mu�y uae the procadR ta�ir or re+tone
<br /> tlta Prc�paty or co p�y wma aecw+ed by thie Securicy Insuwr�en�.wtwsther oc nvt d�en due. 7fie 30-dty period wIU bo�irt wba�
<br /> the nptioe is given.
<br /> Unlass Lender wd Borrower at�rwlse agroe In writing.iu►y� lic�tion of proceeds to principal:hall not extend or
<br /> pastpana tha due due of the monthlY pe�ymenta�ferrod w in paragra�p�hs I uKi 2 or chAngc the iunount of the pnymentr. U
<br /> utxler.pxtagrqph 21 the Property is acqui�+ed by Lender.Bonpwerk dght w any insurance policia sod pocads rcauldn�
<br /> � fmm datnAge to the Pcuperty prior to the�cquieition�all pu�s w L.ender a the extent nf the sums aacured by thia Security
<br /> � Instncmtmt immediately prior to the acquisttion.
<br /> 6. Occupancy, Pre9ervation. Maintemnce aod Protectbn ot the Propert9: Borroaer's Lwa Applicatio�i
<br /> 1.eaoeLdWa. Bocrower sh�ll occupy.est�blish.u�d use the AroQerty as Borrowe�h princip�J�+esidence withir►sixry days�ft�er
<br /> � � � tt►t+exixution of this Secar�ty Insavment and siwll continue to occupy the Properry as�wer�s principal residence fnr at
<br /> laast one yeu after ihe date of occupancy. unless Lender c�thenvlse pgc�ees in writing. which consent shall not Ms
<br /> unrrASOnably withheld,or unless exununting circumstances exist which are beyond Burrowrrk concrol. Bomower ehal!not
<br /> - - destroy.damage or impair the Ptoperty,allow the Ytoperty to deterIorate.or commlt wt�ste on�tt►e Property. Borr+ower shall
<br />-.'- be in default if any forFeiture action or procooding,whether civll or criminal,is begon that iu L,enderk good frath judgrtKr�t
<br /> - could result in forfeitu�e of the Property or othetwtse materially impair the lien created by this Security Instrument or
<br /> _ Lender�s secudty interest. Borrowsr may cure auch a defautt and reinstate.s4s provlded in paragnph 1 S.by causing the s►ction
<br /> ---- or proceeding to lx dismfssed with a ruling that,in Lender�s goal fatth determination,precludes forFeiture of the Bomower5�
<br /> _ - ' interesc in the Praperty or other material impaim�ent of the lien crc,ated by this Securiry Inswment or Lender'a security
<br /> interest. $otrower shall also be in default If Barower, during the loan application process.gave materially false or
<br /> -- inaccurute informallon or swtements to Lender(or f�iled to provlde Lender with any materi�l information)in connecdon wIth
<br /> _ .y�.. the loan evidenced by the Note. including, iwt not limited to. reprcsentations concerning Borrower's occupancy of the
<br /> Ptogeny as n prinzigal rtsicknce. If thi����riry Tnstrument 3s on a leasehold,Borrower shell comply with all the provlaions ,
<br /> ?�� of the lease. If Borrower acquires fec title to the Property,thc leasehold and the fee title shell not merge uniees Lender st�rees
<br />- !' to thc merger in writtng.
<br /> + -,�,4�•t 7. Protection of Lender's Rlghts in the Property. If Borrower fails to porform tlxt covenants and ugrcements
<br /> {�.:' � contained in this Security Instrument, or there is u legal proceeding that may significantly aff'ect Lender�s rights in the
<br /> °� �.,+,� • Property(such us n proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce Inws or regulntions).then
<br /> --�� ;,4 '"` ,� ��t Lender may do and pay for whutever is necetisary to protect the vulue of the I'roperty and Lender's righte in the Propecty.
<br /> �'� � '� Lender's nctions may include paying any sums secured by a lien which has priorlty over this Securiry Instrument,appearing
<br />— � .��r"�'�`'`, in court,paying reasonuble attomey5'fees und enterfng on the Property to make repairs.Although Lender may wke action _
<br />-'::', � t;'s•���'•'' ' under this puragcaph 7,Lender docs not huve to do so.
<br />`r+�''� ' . '�` �"''`�'`' Any amounts disbucsed by Lender undcr this pazagraph 7 shall become additional debt of Borrower secured by this
<br />'-''-�' . "••�``'t�.��'"•�`•y'.`:` Socurit Instrument. Unless Bonower and Lender a e to other tertns of a ment,these amounGs shall bear intercst from the
<br /> _s�.� .�c�{?"..':-°'.`.^_' . ,-�:� ` Y 8rc P Y
<br />_� ,�,�,��:, : ";;r;• date of disbursement at the Nota rate and shall be payuble,with interest.upon notice from l.ender to Borrower requesting
<br /> � paymcnt.
<br /> 'j ' %.�;�'�'`'" ' � 8. Mortgage insurance. If L.ender mquired mortgnge insurancc a.ti a condition of muking the loan secured by this
<br /> '� �' '� ` Sccurity Instrument, Borrowcr shall puy the premiums required to maintAin the mortguge insurance in effect. If,for any
<br /> �' '�•`",'':". ="�; '�`h" reuxon. the mort u e insurance covera e rc uircd b L,ender In ces or ceuse� to be in effect, B�rrower shall a thct
<br />- ,�._._..�.�...L,,:�.' F>S F q Y P• P Y
<br /> , . pmmiums nquired to obtain coverage substuntially equivalent to the mongage insurance previously in effect, at a cost
<br /> . subztantinlly cyuivalent to the cost to Borrower af the martgnge in�urar►ce previausly in effect,from an altemate mortgage
<br /> insurcr approvcd by Lendcr. if substantially equivulent mongage insurancc rovcrage is not availablc,Borrawer shall pay to
<br /> ;� • ' ��.�` Lender cach month a sum equul to one-twclfth of the ycarly mortguge insurance premium being paid by Borcower when the
<br /> � r.���":° insunince coverage Inpsed or ce•rsed to be in effect. Lender will uceept,use and retuin thexe payments ati a loss reserve In lieu =
<br /> � � • of mortgagc insurancc. Loss reserve puyments may no longer lx rcyuired,ut thc option of 1.endcr, if mortgagc Insurancc _.
<br />- �• :r-�;� � covernge(in the amount and for the period that Lender reyuires)provided hy un inxurcr approvrd by Lender agnin becomes
<br /> �� " �'„ . Available and is obt:iined.Borrower shall pay the premiums rcquimd to muintain mortgage insuranrc in effect,or to provide u
<br /> ''�` �"'� � lo.s reserve,until the reyuimment for morigage insurrnce rnds in accordance with uny�vritten ugreement between Bonower
<br />_'1 ' und Lcnder or applicable law. --
<br />-�, k� 9. inspectiun. Lcndcr or its agent muy makc rcasonuble entrics upon und in�pections of thc Property. Lender shall
<br /> give�nrrawrr notice at thc time of or prior to an inspection specifying reasonublr c;�use for the inzpertion. -
<br />��'� �� , 10. Condemnation. The proceeds of any awurd or claim for dumuges,dircct or consryuential,in connection with any _
<br /> .� � �:
<br /> - r., Smgk Family--Fonnk 111ae/kteddk 11tac UNfFOR11 INSTRU�IE�T••Uni(orm Cu�en�nt. 9/90 qx,xe+n/n/,�RerJ
<br /> '�� .��� roare'rccaxiii��ooa�a�aiov�uii��oia�si _
<br />��
<br />�t:s ;.
<br /> �' � ,�a+:. . . -_._.�_.—•--.. .. ._. _.___.._.. . . . - . :.. . �,. .. . .__�_..._.........._...,..r..1
<br /> . .. �� _. _ . .
<br /> �IY�• . ,
<br /> �.. ..L_�_'__-.� _ . .. . .
<br />��,.:�_''` _ _ _._ - _ .. . . " .. . . . - - ' -_ . .__ . . . . _ ' '_'
<br />�� 1' • . '
<br /> �_
<br /> ::� .
<br /> � i�
<br /> '_ - ', �� " • .-�p . ~.�:. ...
<br /> • � �� �
<br /> �4._ _ - -- �
<br />
|