|
-.X- _ ' . . •C '"'�_
<br /> !' : . � . , - ` .. . , `Q!�.!� � �� '� • .
<br /> • paio�s th�t R,ctrde�teqoi�. '!be in�pmoe cae�ier peovidit�1ha.�a�tlbe c�aga�6Y Bonuwa�ubject o�I.enderl� .
<br /> appcovsl waicb ah�U not 6e wraa�onnbir withheid. tf Ba�m��fW��o m�ina�in�mrec�e de�rribed above.��.eede�a�y.at
<br /> Lrender�s aptian.obt*in cxxraa�e w p�ale�.K�de��ri�hts ia the Ficperty in a000�d+noe wb6 p�raQapb 7. .
<br /> A!1•insururce poticia aM i�esewsis ah�U 6c aoceptable ou i.aader and ais�dt itktude�rw�d+ud matta�e chwe. Leoder
<br /> sinii dave tLe rig6t to twW tbe policks�n3 renewaL�. If l�eadet ttquiies.Bamwa shalt peomptlY aive w Lrnder all iaxipts.
<br /> of paid premiums aod[enewat aatioes. 6t thteveat of to�sr Boiruwee alull geYe pivmpt s�es�e to tl�e ins�uarpe_c�esier aod ..
<br /> L.eader.,ifilder may m�ke pRaaf di toss if not m�de pram�ptiY bY BormW'e� � '
<br /> Unkss l.ender ud Bonowa oB�etwise sgioe in writing,insu�ance poc�oeeds s6d1 be�pptied w t�stonuion or repairof ,
<br /> the Pco�ty�unssed,if the testa�tioa or.rep�ir is eoor�omiallg fezsihle and I�der's socwity�i�nd lessenod. if the , .
<br /> restorucaa or repzir is aot etmomic�llY feu�'bk�or Lender?s savcity would be kssened,d�e inauranoc.pruceeds si�lt be
<br /> a�pt"�ed oo tbe s�uas securod by tl�ia Securiry Ins�en�wbdhet a not thea due.�cith any excess paid'to Banowa If
<br /> i3arower aDy�doas the Pmperty.or das not,�nswar witbu}3Q days a notice frai�I.ender thtit the in.wratke curiet t�c
<br /> offered to seule a clairu.thm i.ender aisy collect tbe insuraoa pmcxeds. I.ender(naY use the Pmceeds co�psir or testae '
<br /> the Ptoperty a tn pay.sums securc.d by this Sacu�ity L�soEUm�t,whethar a�t dim dua T�e 3aday perfod vn"�beg'n►when
<br /> , the twtice is givety..� .
<br /> . Unless Lender and Horruwea ott�wise agcte in writiag,any.appl�atiun of pcncaeds to principa!sdall nnt extend ar
<br /> postpooe the due date of the moathiX:psyroenta refemed to ia paagrapi�s!a�2 or cbange the aaannt;of the paymeats.,if
<br /> under•p�eagrapi�21 the Propeaty.is.aaryiied by I.tader.Botmwe►?s right to any iasu�ce paticies atd p�oc,eeds nsultmg
<br /> � � fmta damage to the Pmpe�ty prior w the acquisitioa shall p�yss ta T.ender w the euent of the sums sc�u�d by this Sec�uiry
<br /> insc�mnent immediate/y prior W the acquisition.,
<br /> i. Ooeap�ocy, Preaervstlon, Mstateannoe aad protection at tDe Property: Bore+uwtr's I.a�n Applkatbai .
<br /> YeaseiiokTs:�Sortowez shs{l aaxtgy.eat�btish,aad e�sc she Ptoperty as Aormwu's ps�inciga!cesi�e�within.sixty.da►yc aftar .
<br /> tfie'�tian af ttns Secuiiry instnuneat and sLaU continue to oocupy tha Ptr�perty as Bormwer's piincipal nsidenec for at
<br /> Iea���ze,year_after the dats Qf'accupaacy._unlesa L.er�r ottiawise agreas in.wri6ng. which caueat shall not be
<br /> uru�ably�uith6etd,or unte�:�.a�nS cucwnstanoes.exist which anc beyond Bormwer's oontrol. Bomuwer s1�aU rat
<br /> destroy,damage dr�pair tl�e Pt:�.,.-�:f:atlaw the.Pto}xrty to deoddnrrte.ar cmnmit waste on the A+n�erty. Horrnwer shatt
<br /> be in dafaWe i�am;f�rfeinme acrion or prac�irtg.whether civ�7 or cri�;�s 1�egnn tha[in Lt»det�s good f�ith jadgma�t
<br /> could nsult in f��'ture of the PtopatY or odierwise muerially imp�{ir;$�;�aa► created by Wis Soc�rity I�uuma�t or. ,
<br /> � L��serurity intere.st. Bomnwer may cane sach a default and nuutate,as:�vided in para8raph 18.by caasing tl�e aaroo
<br /> c�'gm�ceeding to be dismissged witH a ndmg that,in I.�nder�gaod faitb dete�an,LnacIndes foifeitun of the Bartowu�s
<br /> � inie�st in the Property or othes atauriat impairntent af the tien created by dris Seduity Iasuart�em or I.ender'�seauity
<br /> interest. Borrawer shap also be in dafault if Bormwer.diuing the loan applicatton pmcess, g+ve materialty false or
<br /> :.`. ia�ccarate iafor�on or statements w l.ender(ar fa�ed w provide l.tnder with any material infoanatioa):in cauiection with
<br /> �;�'"•; �:loan evideaes���sy the Note, inctuding, but not limited to.representations conceming Bormr���pCcupancy of the . •
<br /> ... ;�:�.�Y a�a Pi�yp?�rtsidFnc�'If this Security Inshument is on a le�sehold.Homaw�s1a11 compIy'�i�1!@ie psav�oas . ,
<br /> :':,� o��e tease. If�..,�*cs,�i�aaccr��'ee 6de to the Property.the leasehold and the fee tii�e'��not merg+��tess i err.�s a,goees
<br /> tu$�emergeri�u�g.. '' ��. , , .. .� ..•�.'.:� : :�.; ,
<br /> . � 7. Prote��Leader's Rtghta in the Property. If Bmrov�rer fa3s`ro peifbrm the co��er..�i�.�:��;�ts . . -
<br /> contained in tlds S�a�sy Inswment,or there is a legal praceeding tt�.��cay.sigaific�ndy affeca�:e,?�:i�'�i�s"�;�s;ahe�.�:
<br /> � : property(such as�p�aceeding in ba�uptcY.Probate.for condemnatlan or forfeitune ar to enfotce�a�sc�.r^•:g.sYa'��as3;��then-� ' _
<br /> - l.cnder may do and pay for whatever is necessary to pcotect the value of the Praperty and Lender�s i�p�ts ia'r�P�vpertY•
<br /> Lender�s actions may include paying any sums secnred by a lien which has priority over this Security Instrumea�;�g�earing
<br /> in court.paying reasonabie attomeys'fees and enterin�on the Property to make cepaits.Although Lender may tafce action
<br /> under tliis paragraph 7.Lender does not have to do so. �
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Barrower secured by this
<br /> .' , Security Instrument Untess Borrower and Lender agree to other terms of payment,thesc amounu shall bear inte�st from the
<br /> date of disbursement at the Note rate and shall be payable,with interest,upon notice fr�zn Lender to Borrower requesting
<br /> �dii([�l.� --
<br /> :;g,: ly/ortg�ge InsuranoG.�Yf�.ender required mortgage insurnnce as a condirioa o��naking the toan secui�e&Q�y this
<br /> . Se�:'r'.cy Insuusf►eut�Bortower s'�.aSIl Qay tl�e premiums required to mainta3n the mortgag�insurance in,effecr."�..��any
<br /> re��s:r. the �c�sc���e insumTw, ca�c;�e ri��rred by l.ender lapses or r�ases to be in effee.t. B�a���:pay the
<br /> •' ,�.��ri�s rer',�a��.=a obtain ccs�e'ra�s��?�..�xily equivalent to the mortgage insurance previo�--wL�•i���°i�x,a1_a cost
<br /> ;� .� � sWb�,,y'�nnti�}ty eq:�v�ent to the c0st Y�&a�.v�•e�of the rnartgz;e insurance previously in effect.from ata alr�ar�i:c�urtgage
<br /> ' irs��sec approved by Lender. If substantially equivalent mAr�;�ge insurance coverage is not available.8orrnt�i�s.�:•�,pay to
<br /> ,. I.��der each month a sum equal to one-twelfih of the jearty anortgage insurance premium being paid by Borac;f"�when the
<br /> insurance coxerage lapsed or ceased to be in effecc. I.erdn util!accept.ase and ntain these paymer.t.�����ss reserve in lieu
<br /> of mortgage insurance. Loss reserve paymenu may rto ivn�er be reqmred.at the optian of Letsd:�:�4.rQrrgage insurance
<br /> ' • coverage(in the amount and for the perial that Lender rec;�ses)provided by an insurer appraved by�dPr ag�becomes
<br /> a��i�abte and is obtained.Borrower shall pay the premium.s r�:�ired to maintain mortgagi:insurance in effect.or rc6�rovide a
<br /> ' ta?s reserye,until the requircment for mortgage insurance,e�in accordance with ang ar,,nen agreement betwe��c�arower �
<br /> ; and Lender or applicable law. ' ` ' �
<br /> 9� L�spectbn. Lender or its agent may make reasonabfe entries upon and in.�p��::ions of the Property. Le�i3er shall��
<br /> give Borrower notice at tha time of or prior to an inspection specifying reasonable causa for the inspectian. .
<br /> �� . 10. Condemaation. The proceeds of any award or cla�m for damages.direct or cnnsequential,in co�nectiq:��x�itb any
<br /> Singk Famity-`a�de MsdFrNdle Mac�.'YI�ORM IhSTRUMEN7'--l;�ltortn Cavenant� !I!� {ptpe:;fi6 yngta)
<br /> crer lam E�I�ew Po�qc�' _.
<br /> ToQdsG!t101S1Qp100 F��76^:1F2��d131.�.
<br /> '� • . • . �
<br /> .. -- _ __._
<br /> �.r'„`�7��aF"" `�`~'�•. �,��F—�"— —. a S!I '����,.
<br /> .._ � ������._
<br /> —_ _..ni�_..�—''.o.a�a���:G-e.i�L13i.��L'�_ —_
<br /> .��t,'-�' .. � •- "ir*� . .- 1 �f 1( yy�" ..� iAF�1!T.'T� . , - . • .
<br /> _ _rTL. ' . - . .. .. " .' . .,_. . �.1-..:+'.f`i 'IIl.:ii.l�'�1�. ._ . —� - .
<br />
|