|
_ _'°_i 1�. _-�
<br /> �
<br /> ..� � ,�•'�� . _--""v
<br /> .'J� °
<br /> _'^_",r__ - ___ __.-_�_ _ ._ .__. _
<br /> a "'__ �
<br /> 94,r ,��
<br /> perk�d�t1u+t l.ender requires. The insurnrue carrier providin�the insw�ance�11 be chae�by 8nni�iwar wb t I�.,+nderti
<br /> � �pprov�t whic h�h a f l not b a�w�easona b ly w i t h A e l d. I f I l o n uwer f�fli tu tnaintiin cave n�e dc�ctibed a6cwe�L�nos� tna y,N
<br /> L,�wJety opian.aMain covera�e to pro�ecK l.eoderi�dghu in the Pr�perty in�aca+A�r�ce with p�n��ph 7.
<br /> All inwr�nce polick��nd�enewab shnll be�c�ptabb�o Lender and�II includie��I�ncW�d mort��ge cl�we. Lender
<br /> _s��_e r� . �i luvn�he riyht tu hold the poticies�xi renewrlr, if l.ernlcr royulrcs.�orruwet ahall pn,mptly�ive tu L.en�kr atl ranipr
<br /> af pRid prcmlum�Mnd rcnewri nntice,�. In the event uf lorr,H�mvwer xha11 jive prompt notke w Ihe inw�c�rrier�nd
<br /> L.eader. I.smie�may make��[oof af lass if not macb prcxnptiy by Elcxt�ower.
<br /> --- � — Unler,Lendcr arid Borrownr aherwise wYroe in wri�inQ,inwr�ncepn xoodM�hwll be�pplkd tn rc�tornlbn or rep+iir of
<br /> the Property dama�ed, if the rcxtorution or repair Ir oconomic�lly fea�ibte and Lemierk�exurity ix �� leurr�Hx1. If'�Y�e
<br /> rcswration or rcp+iir i�not ecancxnicAlly fe�ibk a l.enderk rcecurity wcwld be leaened,ihe inwnutce ptac�ood� zlull be
<br /> -�- �pplied to the sums securcd by this Security Inxtrument,whether or n�x then due,wlth iu►y exrtsx pKid to Aon+nwer. !f
<br /> 8orrower abandons thc Roperty.ar daes twt answer wlthin 3Q dayx A notke fcom Lcnder th�t ihe insurnnce cwrkr h�
<br /> offercd to setNe n claim,then Lender may collect the insurance proceeda. Lender mry use the procreds to rcpeir or rcxta�e
<br /> the I'roperty or to pay sums secured by this Security Instrument,whether or n�t thrn due. The 30-day pedod will be�in when
<br /> __ _ __ __ the notice is given.
<br /> _-------� Unless Leixier and Borrower otherwise agcee ln writing,any upplication of pra:ads to principal shull not extend or
<br /> ___���,,;� postpone the duc datc of the monthly payments e+efecred to in purrgraphs t and 2 or chengc thc nnwunt of the paymentx. If
<br /> under puragruph 2t the Propeny is acquirod by L.ender,Borrowerti right to any insurance policles and prncetds tesulting
<br /> --�--�-- from d�mage to the Pmperty pria�to the acquisition shall pass to Lender to the extent of the sums securad by this Securiry
<br /> -__ -_��'-'-`�"'� Insuument immedintely prior ro the ucquisition.
<br /> . 6. OccupAncy, Preservxtion, Malntenance and Protection ot the Property= Borrower's I.oAa Applk�tfoni
<br /> I,easehotda Borrower chall occupy,establish.and use the Piroperty us Bornowert pcincipal residence within sixty deys atier
<br /> � �,, , , t�,,.� the execution of this Security Instrument and shall rnntinue tn accupy the Pmperty ac Botrower's principal residence for at
<br /> �'-':.:'�`.$'"_-r' •.,
<br /> ' least one year ufter the date of occupancy. unless Lender otherwise ag�+ee+ �n wntins. which consent xhall not be
<br /> '_ "�r= '� uatinE-eirea�nnt ' d Borrower�s control. Hortower shall not
<br /> �'�._ __';:._.,-,. .
<br /> ' �' ' �,Y � destroy,damage or impair thc Properry,allow the PropeAy to detcriorate,or commit wuste on t pe y. rrower sn�ii
<br /> �,:.;,��..,f;�,.�::«;.. be in default if ony farfeiturc;�ction or proceeding,whether civil or criminal,is begun that in Lender�good fuith judgment
<br /> � could rcsult in forfeiture of the Property or otherwise materiully impair the llen created by this Security Instrument or
<br /> y � � "�` Lender?�security interetit. Borcower may cure such a default;u�d crinstate,as provided in paragraph l8.by causing the action
<br /> 4:•... �
<br /> or prnceeding to bc distnisscd with u ruiing that,in Lendcr ti gaxi fuith determination,pmludes forfeiture of the Borrower�s
<br /> .. . interest in the Property or uther materiul impairment of tF� lien cerated by this Security Insuument or Lender�s security
<br /> interest. Boirowec shall also be in default if Barower, during the loun appllcatton process. guve muteriully false or
<br /> inaccurnta inforniution orstatements to Lender(or fuiled to provide Lender with any material information)in connection wlth
<br /> the lonn eviderued by the Note, including, but not limited to, representations conceming Borrowe�S occupancy of the
<br /> Property us a principal.residence. If this Security In,trument is on u leuuhold,Borrower shall comply with all the provisions
<br /> =- --_'-:=:;�;�=:�-°- uf the lrs.,e. If Bu���wc�a�yuire;t'ee title to the i�'roperty,shc Icaschatd asd stsc fcc ti8c�tsatt not mcr�r unte•s�Leader agnts
<br /> to the mergcr in writing.
<br /> • 7. Protection of l,ender's Rights in the Property. If Bormwer fuilti to pertorm the covenants and agreements
<br /> ' contuined in this Security Instrument,or there i,a legul proceeding that may signiCcantly nffeet L.ender� rights in the
<br /> Property(such us a proceeding in bankruptcy,probate,fur rondemnution or forfeiturc or to enforce Inws or regulntions),then
<br /> Lender may do and pay for whutever is nccc,tiury ro protect thc vulue of thc Ptoperty and Lcnderk�ightz in thc Propeny. _
<br /> Lender:uctionx may inrluJe paying any sums xecumd by u lien which haz priority over this Securiry in,trument,uppeuring _-.
<br /> �, in court, paying rca+onublc attorncyx'fcr,and cntcring�m thr Pro{xny t�makc rcpain.Atthou�h Lcndcr may takc•rctian �
<br /> w � under this paragraph 7,Lender dcies not huve tu du,o.
<br /> t Any amount�disbuned by LrnJer undrr thi.puca�raph 7 tihall txcomc additional debt of Bormwer.ecurcd My this
<br /> 1�� Security Instrumcnt. Unlc+�Borrowcr and Lrndrr a�;rec to other tcmu of puymcnt,thezc amounts xh•rll bcur intercrt from thc _
<br /> j�� d;�[e of disbursament ut the Note ntr and.hull Ix payuMle, with intercxt, upcm nuticr from Lender to Borrowe�rcyuesting �
<br /> payment. ---
<br /> 8. Mort�Afie Insurunce. If l.endrr myuircJ murtgage inwrunrc us a condition of muking thc loan securcd by thi�
<br /> •� Securiry Instrument. Bocrower shull pay the premium�reyuired to maintain thr mortg�gc in,ur:�nce in eflcct. If, for any =
<br /> • ma�on, the mortgagr inwruncr cuvrragr reyuired by Lrnder lap�r+ �tt ceaxti to tx in etfect, Borrower tihall pay tlte i-
<br /> ', pnmiumti mquimd to ��Main coverage wb.tantially cyuivalrnt to Ihr nwngagr in,urance pnviautily in effect, at a enst
<br /> ,ub�t:mtially ryuivulrnt to thr rc�,t t��B��rruwrr of th� mortgage inwranc�prcvioutily in rtfect,from un altcmatc mort�eu��c
<br /> intiurer uppmved by LenJ�r. If,ub�tantially ryuivalent murtgag�imoruncr ciiver:ig�i�nut awrilable,Borrc�wcr shall pa}�t��
<br /> Lrndcr cuch month a�um ryual to onc-tw•�lRh uf thc ycarly mu�tg.�g�in�urancr prrntium tn ing paid by Borrowcr when thc �
<br /> in.uranr�rovcragr lupyrd or rr.�.cd a�hr in cffrrt. I.rndcr w ill arrcpt,uu and rctain thc�r paymrnh ati a I�i�s rc�crvr in licu F
<br /> of mortgage insurancr. Lc►�ti retirn•r paymrnh ma�•rn�I�mger Ix requir�J,at the option of Lendrr, if m�irtgage in.ur�nce �_
<br /> covrrugc(in thr amount and li�r thr�xricxl that Lc�xlrr r�yuirc�l pruvidrd hy un in.urrrappruv�d by l.rnderagain lxcomc� --�
<br /> , uvailablc anJ is abtainrd.Bc�rr��wrr.hall pay thc pr�mium.rcyuircd to mai�itain mort�:�gc inwr:mcc in effcrt.i�r tii providc a
<br /> , lo.s reservc,until the reyuircmrnt ti�r murtgagr in.urunre cnd.in arcorJunce K�ith uny w�ittr��aEnemrnt tktween Bormwrr =
<br /> und LcnJcr or applirahlc law. �
<br /> .. 9. Inspertic►n. I.cndrr ur it.agrnt ma� m:tl�e rra,anahlc rntrie.uFxm :ind in.�x�tium uf thr Pru�xrty. Lrnder�hall
<br /> , ' give Borrowrr notirr at thc timr uf ur prior tu an in.p�rtiun.{xrif�•ing rcawnahlr rau.r li�r thr in.jxr�iun. ��..
<br /> � 10. Condemnution. Thr pr�k•crd.uf:lll�'BN:IftI ur rlaim tirr Jamagr�.dirrct ur run,cyucntial.�n r��nn�Ytiun with any
<br /> � tim.le I•amil�- Funnle Stre/M'�dk�tyc 1'\IFIIR�t(Vti'1'Rl�tt:\T�• l'ndnmi fu�coant, 9,V11 qtiicr±��I n�ti�e�.i -
<br /> a '
<br /> (iRN�►fN IWWMIS��41M IM �
<br /> ' U��M�Mf�:�W Id06S�9J�.717Pi4lhl�itYt•�Itl -
<br /> . 1
<br /> F
<br /> . ...�..;y�f.'{r�,�Lr«,*a�i..r•.. _ .. ...-. . � ' �- .
<br /> �
<br /> f .
<br /> i�• �
<br /> _ �..
<br /> • f
<br /> . r
<br /> ►�
<br /> . ,
<br /> . `
<br /> , �
<br /> ,
<br /> _ � i
<br /> � -- '
<br />
|