|
� T , -v ��+r"_ — AcN�lS . , . ._.' _
<br /> , r��' � ' � _— . . —_
<br /> �.�..�,.e.� ._•_--- � . —
<br /> ����O�V�`
<br /> periods that l.ender reyuires. Thc lnst+renca oayrier pmvidtng tha inauranca ehall be cho�en by�onawer�ubJec�ta l.enderh
<br /> oppmval whtch shall noE be unnasangbty withheld. If i3orrower fpjis tb maintain coverago dessribed afwve,Lender may.at .,
<br /> _ +' Lenderb aptlon,abtain caverage to protect Lender�dghts in the Property in accordance wtth pairagraph 7..
<br /> �_ ,� .. Ap insurence palioiae and rcnewale ahall be acGeytable to[.ender and shall includo�atandard moagage clauso, �.ender
<br /> '� shull have the right to hold tF�a pol�Cies and nnewute. If Lender rcquires.Borrower ehs�ll prnrtlptty give to Lender�11 rcceipts
<br /> --- —=� a oF p�id prciii(ums and rei�ewa!no3lces. Irt the event af loss,Barro�■�er shall gtve p�ompt antice to tho lnsumnc�:cnrricr nnd •--
<br /> Lender. L,est►dCr moy make praof of loss if not made pmmptly by Bnrrowet.
<br /> Unleas Lender and Borrawor othenvise agree in wr�tL�g,insuriuice proceada shall be appUed to trstoratIon or i+epeIr of
<br /> � tha PropeAy damaged, if the restoratiun or repair is economtc.�lly feusible attd L.onderh securIty is not IesseneA. if the
<br /> - - restoratIon or repalr is not econom(cally feaslble or I.endsr's sxwity woa�ld 6e lessened,the lnaurance proceeds shall be
<br /> . hpplled ro the suma secured by thie Security Inxuumen�whether m not then due,wlth any excess Paid to BarmWer. 1f
<br /> Boxtower abandons the Property. or daes not aaswer withIn 30 days a nodce from Lender Ihat the lnsurance carrier has
<br /> offered to settle a c1aIm,then l,ender may coUect the Inewance procccda. Lendcr may use the pmceeds to repnir or resio�+e
<br /> the Property or to pay sums secured by this Security Insuumsnt,whether or not then due. 'll�e 30-day periad wiU begin when
<br /> the nottce is�ven.
<br /> Unless�.ender and Borrower otherwisea asree in wrttin��any uppticatton of proceeds to prl�clpal shall not extend ar
<br /> �... postpano the due date of tho monthiy payments refemed to ln paragraphs 1 and 2 ar change the amount of the payment�. If
<br /> under paragmph 21 the Property is acquired by I.ander. Borrower s right to any insurance poUc[es and proce.eds resulttng
<br /> from damage to tha Property prlor to the acquisidon shatl pass to Lender to the axtent of the sums secumd by this 5ecurIty
<br /> Insaument Immediately prior w the acquisItton.
<br /> 6. Occnpaacy, Preservatton, Maintena�ce and Protection ot the I'roperty; Ibrrower's Loan Appiteodon; �
<br /> t.eagedotas. Borrower shalt accupy,establish,and use the i�mpetty ax l3orrowert�pqncipu!rea►dence wtthin siaty days atter _
<br /> � . the execution of thia Secudty Instiument and shall continue to occupy the Property as Borcowerb prineipul residence for at
<br /> '•�"=' leust ane year after the duto of occupuncy. unless Lender otherwiRO ugrees in writing. which consent ehul! nat bo
<br /> unreaxonably withheld,or unle�n extenuaHng ciKUmxtancee cxiRt which uro boyond 9orrowerk ronu+al, Bomnwer xhall nat
<br /> ���...� .;.„ ���=,�n� dcxtroy.dumage or impalr the Pmperty.allaw the Pmperty tc►detcrfnn►ta,nr rrnnmit wa»tc an thc Pruperty. �nrrowcr xhall
<br /> ' �'' �'�,� bc In dcfault if any forFciture actlan ar pracecding,whcthcr rivil ar criminui.ix bc�gun thiu in l.endcrl+gcxxl fnith Judgmant
<br /> ;�.; ...`�.,r
<br /> _�,h`.+n�����,;: cauld r+eKUlt In farfciturc aP the P►apcny �r othcrwixc mntcrfully impnir thc licn crented by thix Security [nntrumont ur
<br /> I.endor'n xecurtty interewt, Hnnawer muy cure xuch u defi�u(t und rcinntnte,n»pnrvidcd in purugruph IN.by cuuxfng the ucdun
<br /> ��;..���• � w,. ar prcxccding ta be diKmissed wlth a ruling thut.in I.endcrk gucxl fuith dctenninatiun.pmcludey farFeituro nP tho Bornowerk
<br /> ..f� ' �. ,� �'�1 � intcrcxt in �hc Property nr odur rnatc:rlul impuirment af thc licn cmuted by thix Security lnxtrument or Lende�k Kecurity
<br /> ..; • .,
<br /> , „ ;' �' intcrcRt. 8orcowcr xhull alxa bc 1n defuult if Borr��wor,during �hc laun upplicatinn ptex;csq, gnvc mutorinily fulsc ar
<br /> ___ ' _ _ - inuccurute informadon or stniements to I.ender(or fulted to providc l.ende,•vrith nny materiul information)ln cottnection with .
<br /> �I' "ri ' the loun evidenced by the Note. including. but not lim(ted to, rep�tientutiona conceming Bortawcr!� occupancy of the
<br /> ' "'9 Property uur3 a pdnclpul rcstdence. If thiti Security Inxtrument is on a Iensehold,Borrower Rhall comply with ell the provisIons
<br /> . • ' , of ti�e leo�e. If Barrawer acquires fec title to thc Property.thc leaschold und the fce title shall not merge unless Lender agrees
<br /> to thc mergcr in wdttng.
<br /> , 7. Protectton of I.ender's Righte tn the Property. If Borrower fuils to perfortn the covenants and agreements
<br /> ,, ' conteined in this Securfry Instrurnent. or there is u Iegul proceeding thAt may sjgnificandy affect Lender's r�ghts ln the �;_-
<br /> -�-•-o.-°�-' •- Yroperty(such as u proceed�n�m banktvptcy,probnte.tor condemnation or forteiture or to enforce laws or resulations),then
<br /> ' ° � Lender may do und pay for whatever is necexsury to protect thc value of the Property and Lendcr`s rfgt►ts in the Praperty. .�,
<br /> . Lender's nctlons mny include paying any sums secured by u licn which has priority over this Securlty Insuvment,eppearin�
<br /> in court,payin�rcasonable attomeys'fees nnd enter�ng on the Property to make reputrs.Although Lcnder may tuke action -
<br /> " • under this parngruph 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this pnrugraph 7.hull become udditionul debt of Borrower secumd by thts
<br /> i.�. � � Secudty Instrument. Un�ess Borrowcr and Lender agree to other terms of puyment.these amounts shaU bear int�rest from the
<br /> , dute of disbunement ut the Note rnte und shnll be puyuble,with interest,upon nottce from Lender to Borrowcr requesting
<br /> paym�nt.
<br /> ; . 8. Mortgage Insurance. If Lender requircd mort�age fnsurance as a candition af makin�the loan secured by this
<br /> � �• � Secudty Instrument, Borrower shall pay the premiums reyuired to maintuin the mortgage insurance in effect. If, for uny ._
<br /> � reason. the mortguge insurance coverage required by Lender lupses or ceASex to be in effect, Borrower shull pay the
<br /> � premiums requtred to obtuin covernge substantiuily equivnlent to the mortguge insurance previously fn eff�ct, at u cost
<br /> substantiatly equivutent to the cost to$orrowcr of thc mo�gagc insurnncc previously in cffect,from an nitemate martga�e
<br /> • insurer approvcd by Lender. If subatuntiully eyuivulent murt�;uge inxuruncc coveruge is not avuilable,Sorrower shull pay to
<br /> ' Lendcr ench month n sum equal to onc-twelfth of the ycurly mortga�c insuruncc prcmium tx:ing paid by Borrowcr when the
<br /> , • ' insumnce coverage lap�ed or ceuxeJ to tx:in eCfect. Lender will ucccpt,u.c und retuin thc.r•e puymentx as a loss reserve in lieu •
<br /> � of mortgage insurance. Loss rexerve puymentv muy no lon�cr 6c rcquired,ut thc option of Lcnder, if mortgase insurance
<br /> ' covera�e(in the amount and for the period thnt Lender rcyuireti)provided by un insurer upproved by Lender ugAin becomes
<br /> available und is obtained.Borrower shull puy the prcmiums reyuimd to muintain mort�uge insurunce in effect,or to provide a
<br /> ' ^ ' loss reserve,until the requirement for mort€uge insurunce encix in urwrdunce with any written ugreement between Bortower
<br /> ' and Lender or applicuble luw.
<br /> 9. texpection. Lendcr or it.u�ent may makc r�ea+onuble entrieti upon und inxpections of d�c Pro}x:rty. Lender shull
<br /> give Borrower notice ut the time of or prior to nn inspection�pecifying rcuxonubie cause for the inspection.
<br /> ' � 10. Condemnation. 'I'he proceeds of uny:+wurd or cluim for dumu�es,direct or con�equentiul.in connection with uny
<br /> Singic Farnily•-Fnnnie Mue/FYcddic Mnc UYIFORM INtiTR[�MF.NT••Unitortn Covcnantti 9l90 rp�+gr i��J'A puK�sJ
<br /> 1:mat Inkralluslnrae Ydtna.to[.�
<br /> � - � Tu lhdrr Coll-t-806;.169;i9;f U pAX 81&7Bt41:ft •
<br /> ' � .
<br /> --�-� - --- ,—"—�--_"--- . . . .
<br /> _ ...' "- . . _ ._�_'—' .�._—_.. .. .. _ .
<br /> '� �
<br /> •1� � •
<br /> ,� ,
<br /> `� � . . . .
<br /> 1 ' � . '
<br /> �
<br /> 1 j►_. . . , . .
<br /> i
<br /> t
<br /> i .
<br /> . . . �...__ - - -. .._�_
<br /> i �
<br /> �
<br /> � , ' ., 1
<br /> � " . �
<br /> � ' -
<br />
|