|
f �� �`� . _-_—____. . �. ,. ...... _..
<br /> _.. . ��.`.�s� . . . '• - .
<br /> , 8�-1pi�t
<br /> pKioa,tb.c Lender roquit�e.. n�e imuranoe c�rior pmvl�inj�he i,�,►�nce rn.11 be cFia�en by e«ww«�ubJ�a 10 L..na.rb
<br /> �ppiovat r+hich eldl not be uMeawn�bly�ithheld. U Batenwcr fiiu to m�int�in r.over'ye dycribed�bovs�Laidrr a�Y.at
<br /> Iw�d�rti option,obWe oo�ve��e�o P►otact Laider's ri�INr in the�tY in�cconlanoe with p�tunph 7.
<br /> All lnwnutcb pd�.3�s and ra�ow�is�twll be�ooap to �nd�il include a aw�dard mo�t�e ciMU�e. I.encler
<br /> thall have the risht to hold the pulicie:�nd miewds I. ft�nder requfrea,Borrowec�lull promptly give to l.ender�II teceiptr
<br /> of paid premiunu�nd�ewa nakxs. In the eve�t ot lass.Bamwa ah�ll�ive prompt no�ice w tt�o iiuuuu�ca arriar and
<br /> I.ender. l.ender rn�y mrke proof of losa if not made promptly by Bortowa.
<br /> - ��— Unleas Ltinder�rd Barower o�lierwise�Qree in writing,insurance procer.dc sh�ll br.�pptled to cestoration or�epair of
<br /> tho pnnperty darr�ed,if the reataratlon or repair i�ecanomicslly feasible and lanclerk te.curlry ls not lessened. If the
<br /> �staatian a�ep�ir Ia not aonomictlly feasible ar Lenderk security would be leacened. the inaurax;e proxeds shell be
<br /> applied to tht sums secur+ed by this Secuiity I�suument, whether or not thcn due,with any exass pr�d to Bort�ower. If
<br /> Bortower abendans the P�upercy.or does not anqwer within 30 days a natice fr+om Lender that the inaurance curier}ws
<br /> — of�2red ta seule a d�n,tlxn L.ender may colfect thc insurance procads. Lender may use the procads to npair or reatore
<br /> the Property ar to p�y suma�ecurod by this Security Instrument,whetlxr ar not lhen duc. The 30-day penod wlll be�in when
<br /> - Ihe noticc is given.
<br /> Unkss Lcnckr and Borrower otherwise agnx in writing,any applicarion of proceods to princlpul ahall not extend or
<br /> pc�stponc the dus date of the monthly payments referrcd to in paragraphs 1 and 2 ar change the amoant of the payments. If
<br /> under paragraph 21 the Property is acquircd by L.ender,Borrower's dght to any insurance policies and praceeds r�sulting
<br /> from damage to the Pcopecty prior to the acquisition ahall pass to Lender to the extent of tt�e suma�+eeurcd by thic Socudty
<br /> __ Inatcument Immodiately prior to the acquisition.
<br /> 6. Occup�ncy, Preaervation, M�inten�nce �nd Protectbn ot the Property; Borrower'� La�a Applkattoa;
<br /> I.eweholds. Bormwee chall accupy.eAtablish,ond use tlx Prc�etty as 8orrowerk principal rcsidenca within Yixty d�y�dter
<br /> :��� the execution of thI�Security Inslcumenl anJ xhAll rontinue to occupy the Propeny ox Bc►rrowerk pdnclpKl rcridance for at
<br /> leas► ono yar �Rer the dute af �xcupw�xy, unlesx l.ender otherwi�e ��rceY in wdtM�, which canKent xludl not be
<br /> unrcwix�ably withheld,or unka�;extKnurUnK cinumrt�►�xex exist which w+e t�eyond Bnrmwerk conerol. H�xrowcr rh�ll nw
<br /> ekrtrc�y.c1��tugr or imprir ihe Pn�rny.ulluw the F'ro{xrty to J�tedar�te,cx cumrnit wY�te un tlx Prr�peny. Bixruwer xhNll
<br /> be in defwult If Nny fo�fcituro�:tion�K pnKraiin�,whrthrr rivil ur crimin�l,ir tx�un thut in L.cnJerk YuuJ fwith Juct�mant
<br /> riwld re�ult In forfciture uf�ik H��qx�iy ur�Nhcrwix: mutcriul{y imprfr Ihc llen crcytrd by �hix 5ccudty Inx�n,►nent or
<br />-�" � l.eixkrk r,ecurity intero�t. 13�muN�cr muy curr�uch��f�ult wNl rcin�twu,Nx pmv ided in pyr�gru�►h I S,by cuuriny the action
<br /> ;�. or pnxadMQ to Ik di*misaal with u ruliii�thut,in l.c�xicrk yaud fuith Jctcrtnination,prccludex f�xfeiwrc af thc Borrowerk
<br /> intcrc�►t in thc Pmperty�►r�Nhcr muteriul iro{wirmcnt uY thc licn crcated by this Security Instrumcnt or I.enderk r�ecurity
<br /> Intrrcxt. Borrowcr +halt �Inn be In defuult if Barrowcr. during thc Iwm upplicAti�n pracc�s, gavc motcri�Uy fwise or
<br /> inaccurate informutfon or stwtement.r•to Lcixirr(ur fuiled to provide Lender with ony matednl information)in connectton with
<br /> - the loun uvidenced by the Note, including, but not limited to. rcpresentations concerning BorrowerS occupancy of the
<br /> - Ps�ogerty a�:a prloc4ga!resfdtncc. I.°thfs Stcarlty Instrumem is on�leawhold.Rnrmw�r xhall comply wlth all the provisions
<br /> �; ,�,� of thc leasc. If Borrower acyuirex fec titic to the Property,the Icas�:hald and the fee title shall not merge unless Lendct agrees
<br /> ►' ,,,.,R+r?^.!�i, to the mcrger in wdting.
<br /> y ��.'.�.y'..
<br /> •�;;'�Y;" F..,� '`; • 7. Protection of L.ender'x Rights in the Property. If Borcower f�ils to perform the covenants and agrcements
<br /> ,.�t•;:,�`�`..,q ... :
<br /> ti �,w�,;,,,:,�,� contained in this Security Instrument, or there is a legul proceeding that may significantly affect Lenderc rights in the
<br /> • ����: '� , � Property(such as a praceeding in bankruptcy,prohate,for condemnation or forfeiturc or to enforce taws ur regulutions),then
<br /> •�-:�t�'�= �-�'�, Lender may do and pay for whatever is necessury to protect the vuluc of the Property and Lender's rights in the Property. _
<br /> ,.,,. , : _• _
<br /> ,� 1,, .„_ , I.ender a actions muy include puying any sumti securcd by a lien which has priority over this Srcurity Instrument,nppeurin� -
<br /> ''��"�'� � in court,paying reaxonable Attorneys'fees and entering on the Propeny to make mpairs.Although Lender mny tuke action
<br /> '� ' � ' undcr this paragruph 7,Lendcr docs not huvc to do so,
<br /> ' ' "� Any umounts disburxed by Lcnder under this paragraph 7 shall become additional debt of Borrower tiecured by this =_
<br /> -;�� , <i';_ , Security Instrument. Unless Borrower and Lendcr ugrce to other termx of payment,thcse amaunts shall txar intercst from thc �
<br /> �� ds�tc of disbur.+ement at the Note r•rte und tihull be puyuble,with inten:st, upon notice fram Lendcr ta Boirowe�requcsting _
<br /> .r, Payment. • —
<br /> S. Mort�a�e Insurance. If Lcndcr rcquircd martgugc insurancc us a c:onJition of making the loan secumd by this
<br /> Sccurity Instrumcnt, Horrower shull p:ry thc prcmiums rcyuimd to muintain thc mortgagr insur�nrc in effect. lf, for any
<br /> � reason, the mortguge in+urnnce coven�ge reyuired by Lender lupseti or rcases tu tx in effrrt, Borrowcr sh:►l! puy the
<br /> premiums required to obtuin roveruge xuhxtantially ryuiwrlent tu thr mortgage insurance prcviously in effect, ut a co5t _
<br /> substantially eyuivulent to the cost to fiurrowrr uf thc mongage insurunce prcvic�usly in effect,frorn un altemate mortgage
<br /> insurcr approved by l.ender. If sub+tuntiully cyuivalcnt mortgagr insurunrc cwvcragc is not uvailablc,Borrower shull pay to
<br />_ Lender exch month a sum equul to onc-twelflh of thc yrarly mongagc insuranrc premium Fxing paid by Borrower when the
<br />' �' ' ; insurance cavcrage lapscd or cea,ed tu Ix in cffcct. Lendcr will urcept,usc.ind rctain thc.c paymcnts us u loss rescrve in lieu
<br /> '�"� I of mortguge insurancc. Loss rescrvc payments may no longcr tx rcyuircd,nt thc option uf LcnJcr,if mortgage insuruncc _
<br /> ' cover•rge(in the amount:�nd for the�xricxi that LrnJcr rcyuim+>pr�widrJ by un imurrr npprovrd My Lendcr ugnin txcomes -
<br /> � a'�� � uvuilablc nnd is obtained.Borrowcr tihull pay the prcmium+reyuired to muintain nxmgagc insurunce in effert,or to provide u ;:
<br /> • ; losx rescrve,until the rcquiremrnt fc�r mortgagc insur•rnce rndti in urcarduncc with imy written agrcement betwecn Bonower °
<br /> � and Lender or applicublc luw. f
<br /> '. 9. InspecNon. Lendcr��r it�agrnt muy makr rcuticmaMr rntrics upon and in��xcticm,uf th�Property. Lendcr shull _
<br /> " : � givc$orrowcr noticc nt thc timr of or prior to nn insExction spccifying rrasonahlc causr ti�r thc im�xction. -
<br />��L '
<br /> 10. Condemnatlun. The prcxerd�uf any awurd ur cluim tiu damages,dirert ur romcyucnti;►1,in ronnection with any y
<br /> ~ .• Sing�c Frmily•-Funnle Mwe/Freddk Muc l'ti1FOR�1 Ititi1'RU\16:�T•-Umturni t'u�.nua, 9P10 qwt�;��.f r fn p,�r;ru C
<br /> � . : r���i�.Mi:�ia�ua�iufKi99F1 mYAXHt�ot•it;�t r
<br /> � `=
<br />- ,t -
<br />-. . f �
<br /> 7
<br /> � L . Y.r«,�.,,ti.�, ,.-.- . ...,n,.. . . , �y�.�,�� �.r .y�rn+ww.+�'��i.:
<br /> . . . . . . . �`d.�c:�"T'i:!'�`Mlkw�A �A�+-'."."' '�, .��,"KI`lrf1P'+F♦
<br />_ ��"'. -.. . . . _ . . . . .
<br /> a �..
<br />--
<br /> .._..... --- -- ----- . ._ .. . . _ . ...._ .._.. . ..
<br /> �,
<br /> �`,
<br /> �
<br />-�r - . � . - - . .�7i:,f,i�- �.
<br />�'j' _ . . . - �����:A'���.
<br /> • � ',Y'•�
<br /> � •
<br /> . • � ___'
<br /> __— __.
<br /> __
<br />
|