|
r: .
<br /> .. . : `:=,-_,-
<br /> •,_=--.,-.- — -- _
<br /> - � �} --- - - � �
<br /> , . <. . . � ,-
<br /> • . -.' . ' - , .., .- ` '- - ��` �� ; .
<br /> , . � ` paiods det[tnber requ�ei. 'I'he iruivana c�crier P�ovi��e�irce�hail be d�o�a►6y Bono�ar srbje�t b.T,eadEr�t
<br /> �pp�oertl wNch�hrtl nof be.w�ne�eooabtF�ritl�heW-. If Bareo+rer f�s w a�aiars�cavera�e descn'bed above.Ix�td�+r mh►•at .
<br /> �° La�derSs aptian,abtwt oovera�e w ptoiect Ltnderk agMs in 1he A�opetty in�ccaedaeoe wid�p�nanp6?. ,
<br /> M in�uanoe pol�c�et ind ienew�ls a1�U be aooeptabk w Lrender�shall inctude a standnd moetjaye claure. Leader
<br /> sball l�m dfe r�g6t to hoid d�policies aad notwals. i�Leader�oquins.Ban�v►er sh�il promptly g3ve W I�tder all i+aoeipts
<br /> • , of paid paminma and cenewal notias. ln tbe tvau of loss.Bamwer shall give p�omPt noti�e w tf�e inwrance cartier apd .
<br /> , . Lendaa i,endei inry m�ke proof of loss if not made proaiptlY�Y BoROwer. ' .
<br /> Untest I.ender�nd Bocrowrr otl�etwise a�tae in writin�.it�snr�tice pca�ods shd!be y+plied to oesaor�tlun ortep�ir d �
<br /> ` ' �he Peope�ty dmyed,if the�aation or�epair is ec�micafi�+fess�ie and`E.ender's scctuity is not ics�ened. !�tl�e � ,
<br /> �1or�tiain ar.Kpair is t�nt�caeamicalty fe�sibk or Lendor�security wr�uW tie les'sened,t6e tnwi�ti stalt 6e .
<br /> nt
<br /> �ppl'�ed to the sw�u secureQ by this Seearity lnswrt�nN.whether ar not thea due.wiW�ny excas` 'p�Hort!owas If
<br /> � Borruwa abaMon�a the Pitwperty.or does not amwer within 30 daya�nwice from L.et�der th�t tlje irtsurance c+irrje►ha�
<br /> e�ered to settle s cWm,then Lender msy ooliect'the instuaace procobds. L,enAea nnY ux dK Praves�w tt�wr br resione _
<br /> fhe Ptope�ty or w psy sums secured by this Security Insw�mE.whe�her or not tl�ea due: The 30�day petiad w�!be�a whea .
<br /> �the notive is�iven. .
<br /> Un1us T.eada�nd Bamwer a�he�wise agme in writing.any appticatiGa�oE proceeds to prmcipal s1�U aot eztead a.
<br /> postpone t6e due d�te of d�e aionthlY PaYments afenrd to in pangraptss I uxf 2 or change the�mo�nt of the pay�._II
<br /> under p�ngraph 21 the Ptupe�ty is acquized by Lender.Borrawer�s right to�ny incwrana PoGcirs aM prvcoe4s iesaku�g
<br /> f�um da��to the Ftope�pri�x to the acquis�tion si�il p�cs w l.endee ta tbe extenE of dfe swns socated�y ibis Security
<br /> Instrmnent immedisoely priot to ihe acquigition. .
<br /> f� pc�p�■c� pee�ratio�+ Maiatera� aed Protection a�t6e Propert�, Borrnwer'�Laie AppNatlo�i
<br /> Leateiolis. Bamwer s1�11 occupy,establish,and use the Property as Bonowec�s ptiacig�l iesideix.'e within sixty days afte�
<br /> the execution of this Socudry tnstnunent ard sball continue to oocupy the Ptope�ty u Eiarrowes's principil nsidence foc at
<br /> � lr.ist ane yoar after the date af occupwcY,.unless l.ender otherwise agnxs in wririt�g, whinc �onsent sGatl nat be
<br /> u�uieaspnabiy witT�held,or unless extenuating cuea�s eaa�isst which aze beyo�d BoRawer's cmtrol. Bormw'tr sball not
<br /> des�rpy�damage or impair tbe Pnopaty.aUow the ptop��tY to detetiorat0.or canur}�waste on tite Ptoperty. Boaower shaU
<br /> be in default if any forfeiture action or pKOCeodin8.whether eiv�or cruni�l,is be8un that in Leadec�s good faith ludg�nenc
<br /> • cuuld t�esult in forfeiture of the Ptopercy or atherwise materially impair the Gen c�eated 6y this SecuritY Instnunent ar
<br /> I.endec's sxuriry intercst Bomower may cuna suc6 a default and reinstate.as provided in paiag�aph 18,by causiag the action
<br /> or prooeeding to bt dismissed with a cul'�ng tt�at.ia leader's good faitb dete�minaUou,pcectudes forfeitune of the Basoweris
<br /> mtecat in the Ptoperty or other materia!isnpairinerit of t6e liea creatod by this Sesurity Insfiruinent or l.ender�s securiry
<br /> inuiest_ Barrnwer shall al�o be in defautt if Bocrower. during the loan applicatian prooess. gave materially false or
<br /> inacauate infamatian or statements to Lender(or faited ta provide Le�dRS arith any matenal Wormauon)in eauloction with
<br /> the loan evideaced by the Note. including, but not limited to,re�..��iatiuns concemin8 Hormwe��s °ccupuscY°f�
<br /> ptvpeity as e piincip�i iesidence. 1f this Securiry Iruuument is on a lea:v�atd,Borrower shall canply with a11 the provzs�aas •
<br /> c,Eihe lease. if 8ormwer xquicrs fee title to the Properey.the teacehotd and the fee fale st�all not merge unless Lender agr�ees
<br /> t�i�e merger in writing• .
<br /> 1 ,Prqttction of Lender'� Itigb�ts in the Property. If Borrower fails te perform the covenants and,atgrcetnents
<br /> containe3��a'this Security Luwment.c,�.chere is a legal pcoceedir.g that may sign�cantly affect Ix�er�rights in.tbe:
<br /> prope�ty{�as a p�oceeding in banicu,�,cy.probate,for condemnaei�e ar forfeituse or to enfos,�Eaws or reguladons),&� ',
<br /> L.endcr map do and pay for whatever is necessary to pmtert the v�tv€ihe 1�'o�tY and Le�d�s s righis in the Propeity.,: ,
<br /> Lender's actions may inct�de paying any sums secured by a lien whicl��s Qrioi�•over this Security lnstrumen�appearing
<br /> in court.paying reawnaL�e a�'omeys'fees and entering on the Propertp to r_�xp repairs.Although Lender may take action —
<br /> , under this pa;agraph 7.Lxnder does not have to do so.
<br /> Any�ants disbarsed by Lender under this pacagaph 7 s!��ome additional debt of Borrower secured by thrs.
<br /> Security Las2c,snent, Unlesx Borrower and i.ender agree to other ter.�.��`paymen�these amounts shall bear interest from tbt
<br /> clate of d'c�bnrsement at the Note mte and shall be payable.with ic,�r�sc,upon notice from l.ender to Borrowec requesting �•
<br /> . F�3�'G , .
<br /> ,g i4tnr{ga�e�ce. if L.ender required mortgage insurance as a condiaon of making the loan se�.."ed by this
<br /> gecwity Il�,�en��;.•rs�wer shalt pay the premiums required to az;::�ta9n the mortguu�e insurence in effe�. jf,for any.
<br /> reason, tEie�ortgage insurance w��erage requimd by l.cnder lap�..�:.s:or ceases to be in efu�. Borrower shall pay tw+e
<br /> ptemiums t�aqnired to obtain covera`e substantiafly equivatent to a�:�a c�ortgage insurance �ia3asly in effect.at a ccs� ,..,'
<br /> substantially equivatent tv the cost to Bonawer of the mongage insurance previously in effecx.from an altemate martgag: .
<br /> insurer approved by t.e�ad�. If substan6ally eyuivalent mortgage intiurance coverage is not available.Borrower shall pay t�'.' '
<br /> Lender eacb month a sum equal to one-twelfth af the ye:►rly mongage insurance premium being paid by Borrower when the
<br /> insurance coierage lapsed or craved ta 6e in effect. Lender wi11 accep4 ese and�etain these payments as a loss reserve in liep.
<br /> of mortga�s u�surance. Loss reserve paymeniti may no langer be reyuired.at the optian of Lender.if mortgage insur�
<br /> coverage<m�t�3e amount and for the period that l.ender requires)provided by an insurer appro.zd by Lender agam becom�s .
<br /> available and is obtained.Bortower shail pay the premiums reyuired t��maintain rtmngage insurance in effect.or to provide� •
<br /> toss reserve.until the reyuirement for mortgage insurance endc in aecorQance with any written agreement betx�een Barcowet
<br /> and Lender or applicable law. —
<br /> 9 Idspection. Lender or its agent may make rea,onable entrics upon and inspections of the Pcoperty. Lender shall
<br /> give Botroxer notice at the tima of or prior to an inxpection specifying reawnable cause for the inspection.
<br /> 10. Coedrmn�Non. The praceeds of any pward or claim for damages,direet or con,eyucntial.in connection with any
<br /> SinglcF.rmity--Fanek�taclFrcQAk�iacl;\IYORt11�!iTR1;1fEtiT•-UnifortnCorcrun4v f!!� IpaRe3oJ6paRts►
<br /> cieat tsa�rre.vas re• —
<br /> ro aeQ rrr.�aoss,x�oeo o r,u s�rrs•»a�
<br /> — -- '�:<.�-_���_ ��.�
<br /> _....,_..�.,��_.�:�as+� r.�,CII;�,-�- --
<br /> __ _ =-y:�_��:::,y�*�t�"-v-i.•- -°--,•v.. ...:-.r'?�;- — �.=���;r•, .
<br /> _. — - •_�.. ..�. � . . • _ ._ . .. _ _ .. _s. '„Y-: .� . . .
<br />
|