|
=a . . .
<br /> • �U . . , _ _ .`i:�' --
<br /> - _'_-- " . ' y . .
<br /> . - . ,. . - 93r, � �io�s� ��-
<br /> � ��.��. ���������,��►����� �� ��
<br /> •,< <appnoval wlnci,ah.0 mc bc aor�oasbty,w�held. tf Bana�a ta�s a m�in cov«a�e aG,m'bea abovc.La�eer m�g!,at .
<br />� Leoder e aptiw.obta�n oovFra�e to proloc.'t Laoder$n�hts in the Ptvp�sty irt�ccordanx witl�pastapb 7. � , �
<br /> � All ios�uance �od reneMrals sialf 6e aoceptabia to L�ender aod s6all includc a�t�qda�d moet8+ite claax. I.eoder
<br /> ` ahwi)bsve tbe oi�gbt�the pdicies atd'rmewals. If Leader[e4aiies+8aaower ahall P�P�Y 8�vt to Lender�li rxeipu �� .
<br /> , . of paid pKmi�ms aod�enew�i noticea. Ia tLe eve�of loss.Boirnwa sl�aff give p�ompt nutice to ti�e�cnrier aad - .
<br /> i.ender. l,ender may m�te proof of�oss if not made pmmptlY bY Bamwer sfisll be Led w�storation a iepur aP
<br /> Unless Lender aod B6rrow�r at6st�vue sgnee in writing,n�mc�a Pio.coeds �PP�
<br /> the ptoperty d�naged,if ti�iestaation or npair is�a�ronomiqiIIy feasa'bk and L�ender's sectuitg is tiot tessened if du
<br /> � testa�an ar iepair,is not economicatly fe�'61e ot Lrender�s security woui�be lessened.tl�e iam�aoee p�or�cds s�lt ix•.
<br /> � �pplbed w die smn�,saund by this Seauiry Insannient�wtxther or aoe thm du�.with iay.excess.paid w BamvYer.. If
<br /> Bam�ver abandoos the Pmpetty,or daes not�isvver witdin 30 days a�frnm I,asdet tbat the�nsm�c�e curier has .
<br /> offeied to sdtk a ciaim,t6ea I.ender mey collect the ia�ce pmcadc. L,ender msy usa tl�prooeeds w:ep�ir or�stone
<br /> � the I�mperty or to P�Y.���bY d���Y��+'"'�or nat theu dme. T6e�0-0ay period w�7!begin whm
<br /> ` tbe adice is g'�ven. . .
<br /> `Unksi Leoder sa�d Bormwa othe4wisa ageee in writiag,any applicatim of piocadc to priacipzl sLali not extmd a
<br /> peutpane the tine due of tbe ma�nthiY P�Y�{s,e+�fernd w in paragcaphs 1 and 2 or chartge tbe anwunt uf tbe payments. If
<br /> unde�p�a�aph 2t the prnpeety u a�utt�by i:ender,Bor�ower's riglrt ra:any'in�urance Policks aod pioaaLi resultiag
<br /> ftam damage m the P�operty pri�or ta tbe ac+qaisit�on shaII pass to I.ender tae?fs�e�►t of ti�t smas se�med by ihis Sa�rity
<br /> Instniment immediately prtor tn the acqaisitiab. ,_ . �
<br /> - f, aocapasc�,_Petitavafta�..Mahtenalice.and Pratartion oC!ie propert', Barrower'e Lwn A�;
<br /> l.i�e6oid�. Eocmwer sbail occupy.esnblish:and ase the Property as Boii��vsr��i6cipai�witbiu sixtyt(a���r
<br /> shcsxecotian of this Secwiry Insuument aod shall ooatitwe to occupy the ,�a�j►�Boirower's pri�cip�i n.sideao�C�hr at .
<br /> teast one ye�r aftcr the date of ocr,up�ncy.,unless I.ender otLerwis��es�s°;�;wciting, which caisem sh�U:;�is��lx
<br /> �nreagonably witLbeW.or uakss expea�g c�ir�a�uanca euist which a�:�?���vwer�s cont�al. Bonow�t�c
<br /> ' de�,oy.damage or impsir the Plroperty,atlow the Propaty to deteriaau;ot�mic�vasCe a►tbc Pimperty. Bor►tips��tT
<br /> be iu default if an�s�!z�feiture acaian or proceeding,whedur civ�or cma�is begun t�t in I.e�dec's good faith j�..
<br /> caald resWt,in�oTfg"�tu�c of the Ptogerty or ottxrwiss materially imp�.�Fie lien eceated by this Security Ins�ar .� ..:-..
<br /> Lender�s securit!��it�st. Bormwer may c�u�e su+ch a defauIt and neinstat�'s;s�rovided in paragaph 18,by causing t6e act�. ;;�.:��_;�:.�,
<br /> or proc�ding tci."��rnissed with a iWing d�ai.ia l.eodetk good faitb. ��inatiun.P�+ecludes forfeiUu�e pf the Horroa�er`e . - ..
<br /> UIIQ^�'t,lIi t�lC PlOpGtty Ol 0121Ct il13tCll�1T1�31tRiCllt OP tIlC IICD C[CdtC[t�f► th1S SCCUtityi�t1S�l�C[lt Of L.CI1aC[�SkCSiCtt� ; �".•�s,::::
<br /> int�� Borrower sfwll also 6e ia default if Bomowtr,d�tg the toan applicsuion process,gave a�aterlally ���fr'
<br /> � 'ina�:i�trate infmmation or stauments w Lender{ar,fa�ed to Qrni�e Lender with aay material infom�aaoa)ia coruxctiizz.�:�h
<br /> ' � � the loan evidenced by the Note. including,bm:�cot timr:�1.'w; aP�mta6ons canceming Boauwer'�accupaacy o�tlte
<br /> << .:;=:.
<br /> , . . PropeBy as a principal�esidence. If ihis Securitp#nsuume.'at;is'i!n a leasehold.Botrower shall comply�arith ali tl�e provisioa's . . .
<br /> of the lease. If Borrower acquires fee tide to the Ptopetty.�i��easehold and the fa title shail not merge�mlass Lender.�es
<br /> to the merger in writing. ':: . , ;�`' , .
<br /> 7. Proteetion of Ltnder's Riahts io the Prnpaty..,�:$orrower fails to perfam►the�ovenas�ts and agr�'..�
<br /> coatained in this Security lnstrumen�or there is a 1e8�P?�3.�.may sigaificantly affoct Lender�s rights�i flx
<br /> Ptnpe�ty(such as apcQceeding in banlwptcy,probate,for condei�..atiazti�,rfoi#eitune o�to enfmce laws or regulatioas),then -
<br /> Lender may da anct;�lay for whatever is necessary to pmtect the vaim`.�f rh��iuperty and Lender�s rig�ts in tl�e Pr+�perty. .
<br /> l.enderk actions ma�-tin�lade paying any sams secured by a iien which ha"v�ZCi�riry over this Securiry Inswmen�appearing
<br /> in court,paying reasanable attoYqeys'fees and entering on the Propercy w make repairs•Although l.�nder may talce actioa
<br /> ' under this paragraph 7.I.ender daes not have to da so. .
<br /> Any amounts disbu�ed by Lender under this paragraph?shall become additional debt of Borrower secured by tl�is
<br /> Security instrument 1Tnless Bomnwer and Lender agree to other terms of payment,these amounts shap bear inter�est from the
<br /> date of disbutsement at the Note rate and shall be payable.with interes�upon notice from l.cndee to Beriawer requesting
<br /> PaYment. :�.
<br /> S. MortgAge lnsuranca If Lender tequired martgage insurance as a condition of making the loan secnred.��his
<br /> Security instrumen�Borrowet shall pay the premiums required to maintain the mortga�e insurance in effec� If, fa�:�y
<br /> reason.the mortgage insurance coverage required by Lender lapses or ceases to be in effecti Borrower shall pa'i';1'�e , ,
<br /> premiums require�rS to obtain coverage substantially equivalent to the mortgage insurance prcviousty in effec�.at a cost •
<br /> substantialJy equiti�iQnt to the cost to Borrower of the mortgage insurance g�saviously in effec�.ftom an altemate mortgago ,
<br /> insumr approved by^1�.ender. If substantiaily equivalent mortgage insurance co4erage is not available.Borrower shall pay to
<br /> Lender each month a sum equal to one-twelfth of the yearly mortgage insurance premium being paid by Borrower when the
<br /> insurance coverage lapsed ar ceased to 6e in effecK. Lender will accept,use and retain these payments as a loss reserve izi lien
<br /> of mortgage insurance. Loss reserve payment�may no longer be required.at the opdon of Lender..if mortgageazserana
<br /> covarage(in the amount and for the period th�t Lender requires)provided by an insurer approved by I.eccdec aga�3�omes
<br /> available and is obtained.Borrower shatl pay the premiums required to malntain mortgage insurance i�e�a�,cr��p�ovide e
<br /> lass reserve,until the requirement for mortgage insurance�s in accordance with any wei:ten agceer�r.��et���cxrower
<br /> and Lender or applicable law. :� �
<br /> . 9 Inspectlon. Lender�a•is agent may make reasor.::�d,entries upon and inspetx;�.>of the Propect_. Ler.d�r shall
<br /> . give Borrower na:ae at the time of or prior to a�inspectiom s�ifying reasonable cause fo?2:':e inspection. �.
<br /> , ' 10 Coedameacion. The proceeds of any au•ard os ctaim for damages.direct or wnsequential.io connection with any
<br /> �, Singk�amily—Faeeie Mae'E1re�die!Hac UNIFORM INSTRUMBNT--Ueifarm Covtrt�nts 9'!S (pnRe3 of 6 pages)
<br /> Ge�1l�tei DMU�Fa�Ye.■
<br /> . . ' � T>lNkeflk1a0D3�'lDW830PASfiib33•ff31
<br /> .v ^'�_-=,�_..
<br /> -r„�,�ye,.._��'i""' ��]f E . . . � :
<br /> —_---==
<br />
|