|
. _._"__--� =rR . ' .-.-___
<br />_ _�. r�.����f� i• �� . �. .i _-
<br /> ��� ; � �.�: j� :.,'� _- �=----
<br /> . .
<br /> � - - -
<br /> ��_-� _�_�' _ 10�.8�3
<br /> :�,��.,�.. 94
<br /> v " perlod.g thnt Lender r¢quina. 'llto inaurnnca curricr providing thu insurnncu shuil bo chosen by Botrower subject to Lenderl�
<br /> upproval which ehatl not bc unmasonsbly wlthheld. If Borrower fnits ta maintain covernge de�cribed ubove.l.ender may.at
<br /> l.endert�option�obtain..oven►ge to prc,tcct Lenderi�dghtw in the Praperty in nccardunce wIth purngmph 7.
<br /> + All inAUranca polictes and renewals shall be ucceptablo ta Lender und ehall include u atandard mortguge clause. Lemder T_
<br /> -= nhnll havo the Hght to hold tha poticie�und renewals. If l.endor rrquires,Borrower shafi promptiy give m Y.er.der all nxeip[s
<br /> � -- ---� of paid premiwne und renewnl�zottcea, !n tl�e event of losw,Borrowcr shull give pro�ropt not(cc to�hc lnsurwscc currlcr uttd
<br /> Lender. Lender may make proof of losa If not maQe pramptly by Borrower.
<br /> Unless Lender and Borrdwer othernir,e agr�ln wdting.lnsumnce proceeds shnit Ue applied ro vestoradon or repafr of
<br /> ��� tho Property diunoged.if the restorntIon or repair ia economicully fenalble und Lendvrf securlty is not lessened. lf the
<br /> � t�eRtoration or repair is not ecanomicnlly feasible ar Lenderk secucity would be les�ened, the insurnnce proceeds ahall be
<br /> npplied to the Ruma xecured by thts Security Instrument. whether ar nat then due. with eny excoss paid ta Borrower. If
<br /> Horrower absndons the Property.or dces nat answer wIthin 30 days n not(re fmm l.ender that the lnsurance carrier has
<br /> offered ca seale a eiaim,then I.enaer may cotlect the Insurnnce praceeds. I.ender may use the pr�ceeds to repair or restore
<br /> ., the Property or to pny sums secured by t1ilF Secudty insuument,whether or not then due. The 30-day pedod wlll begin when
<br /> . the notice is given.
<br /> Unless I.cnder and Borrawer otherwiso ugme In wdting.eny upplicatlon of proceeds to pr�nclpul shall not extend or
<br /> . �,•" ��.; postpon6 the due date of the monthly paymentis�ferced ta in paragraphs 1 und 2 or change the amount of tha payments. If
<br /> � *"'s� under paragraph 21 the Praperty i� acquired by Lender,Borrower�i right to any insurance policies and pmceeda resutttng
<br /> � .a t±,.�,;,,�;�� from damago to the Proporty prtor to the acquisitfon�hull puss to Lender ro th6 extent of the sums secur�ed by this Secudty
<br /> � .s:s."a!�::..° Instrument immediately prlor to tha ucquisitton. �___
<br /> '"%�,•;_4,`_-�`;�'�',• 6. Occupancy, Preservation, MaEntenance and Protection of the Property; Borrower•s I.oan Appllcatlon;
<br /> �"'—` ,,��c,:=- . I.easeholds. Borrower shall occu -
<br /> PY•�stabUsh, And use the I'roperty ur Borrower's princ ipal r�idcncc witiil�►aiMty days ditCr
<br /> "' ' ' the execution of this Security instmment and shall continue to occupy the Property as Borrower's pr�ncipal resldence for at
<br /> ' least one year after the date of occupancy, unless Lender otherwise asrees in wrlting, which consent shall not be
<br /> • � �.' unreesonably wlthheld,or unless extenuating circumstunces exist which are beyond Borrower�s control. Borrower shall not
<br /> �� destroy,damage or impair the Property,allow tha Propeny to detertorate.or commlt wuste on ths Property. Borrower shall __
<br /> ?� ' ° • be in default if any forfeiture octt�n or proceeding.whether clvil or cdminal, is be�un thut In Lender's good faith judgment
<br /> . „ could result in forfeiture of the Property or othernise mnterially Impair the lien created by this Security Instrument or
<br /> .. " . ' Ixnder s securlty intemst. Borrower muy cure such n default nnd minstute.a.g provided in paragrnph 18.by causing the action ___
<br /> or proceeding to be dismissed with u rulin�that,in Lender:s goad fuith determination,precludes fadeiture of the Borrower�s =
<br /> ..' interest in the Property or other materint impairment of the lien created by ihis Security Insuument or Lender�s securlty � _
<br /> ° interest. Bomower shall ulso be in defuult if Bormwer, durin� the loan apnitcntion process. gave matedally false or �_
<br /> - - lnaccurste informstion or statements so Lender{or fail�d io providc Lender with any meterist informatdon�in connection with —
<br /> s the loun evjdenced by the Note, Including, but not limited to, repmsentattons conceming Horrower�s accupancy of the ��-
<br /> ° •• Property as a princlpal residence. lf this Security Instrument is on u lensehold.Bonowar shull comply wlth ap the provisions �'`�'
<br /> of the lease. If Borrower acquires fee title to thc Praperty,the leASChold und the fee title shall not mcr�e unless Lender agrees
<br /> � ` to the mer�er in writing. a-
<br /> � ' 7. Protection of I.ender's Rights in the PropeMy. If Borrower fuils to perfortn the covenants and asreements �
<br /> , contalned in this Security Instrument, or therc iti u legul procceding thut may signi�cantly affect Lender's rlghts in the C�
<br /> ' Pro rt cuch as a roceedin in bunkru tc , robute,far condemnunon or torteiture or ro entorce laws or re ulations),then �:='�._
<br /> Pe Y�• P 8 P Y P � �:
<br /> Lender may do and puy far whAtever ix nccez.ury to protect the value of the Propeny and Lenderfi rights in the Propeny. •,,.�,.,,
<br /> Lendert actions may include payinF any+ums serured by a licn which hus priarity over this Security Instrument,appeacing �--
<br /> ' " in court,puying reusonable uttorneys'fecs i►nd entering un the Property to muke repairti.Althau�h Lender muy take action •
<br /> under this pamgraph 7,l.ender doez not huve to dn so. '
<br /> Any amounts disbuned by Lender under this purugrupl: 7.hall became additionul debt of Borrower secured by this
<br /> Security[nstcumcnt. Unlexs Borrower and Lcndcr ugrec to othrr tcrnis nf payment,th�e umounts shall benr interest from thc
<br /> date of disbursement ut the Natc rutc und shull tx�puyublr,with intcrc.t,upon noticc from Lender to Borrower reyuesting
<br /> � payment.
<br /> • ' 8. Mortga�e Insurance. If l.endrr reyuired mortEagr in.urunre as u ronJitinn of mnking thc loan tecured by thls
<br /> �� Security lnstrument, Borrower shult puy thc pnmiums reyuircd to muintuin the mortgage intiurunce in effect. If, for uny "
<br /> reason. the mortgugc imurnnce roverugc rcyuin:d by l.rndrr laptie. or crt�scti to lx: m ettcct. Borrower shull puy the �
<br /> " pmmiums reyuircd to ubtuin covcruge +ub�tuntiuily cyuivalent �u the murtgage in,ur�ixc previ�wsly in effect, at a cost
<br /> substantiully equivulcnt to thc ro.t to E3orruwcr of'thr nwrtg.►gc inxur:mcc prrviously i n cftect, from un ulternute mongage
<br /> . insurer upproved by Lendcr. If tiub,tuntially cyuivulcnt nn�ngugr in.uranrc c��veru�c i, n��t uvailublc, $orrower shuU pay to
<br /> ,. , � Lender cach m�nth a sum cyual to onatw•elfth of thr ycarly nwrtgagc in,urunce prcmium txing paid by Borrower when the
<br /> �� " insurunce roverugr lupsrd or cea.ed t��he in ef'tcct. l.rndrr will acrcpt,u.r and ntuin ihc�c paymrnt+ax u loxx rcserve in lieu
<br /> ' of mortgage insurunre. L�».rr.crve pa�•�rnntti ma�• nu lungrr Ix� rcquirrd,ut thr ��ption��f Lrndcr, if mcmguge in+urance
<br /> ' caverngc(in thc amount und ti�r thr�xriod that LcnJrr requirc�J pruvidrd hy an in,uRr appru�•ed hy Lender a�uin txcomes
<br /> " uvuilahle and iti obtuincJ.Bam���•er�httll pa��th�premium.requiRd tu n�:�intain nwrtga�c in,uran�c in effcct,or to pmvide u
<br /> losti reserve.until thc myuirrmrnt tiir mortgugr in,ur:�nrc rnd�in:urordcmrc with an} �•rincn a�ncment ixtwcrn B��rrower
<br /> und Lcndcr or c�pplicuMr law.
<br /> 9. Inspection. Lrndcr i�r it.agrnt m;��• m;il,e rra,nn;ihlr rntrir+up�m a�xi i n.prcth,n,uf thc Pruperty. Lcndcr.hall
<br /> , givc Bottowcr nutirc ut thc timr uf ur priur to an in.�xrtiun,prrifying rcaumahlr rauk f�x th�im}xrtion.
<br /> , 10. Condemnatfon. The pn�cerd�uf any award ur rlaim ti�r d:uuage.,direct or rc,mri�ucntial. in ronnrction with uny
<br /> � timgkF•.mnh �•Funnle�tue;F'reddle�lnclVlFt1N1t1\ti7'Rl'�IM:1"f..11��(��rroCur�uant. 9/90 rp�i.�e?ulo�a�er-v
<br /> 1 - Gmnl Inkr,.IW�IM'Ar FiRm..lllc LS� �
<br /> � to�w,xr cau i�uwv,.vo-n:i��s i i tna�an-1��•t ca �
<br /> i
<br /> � , .
<br /> _ . . '._-.=r-. _. -. . . . - '' _ ,
<br /> ` • .
<br /> 1
<br /> �'
<br /> .'
<br /> � {�
<br /> �
<br /> f ' 4 �
<br /> . �
<br /> l
<br />
|