|
- '-rs,arr 1.FT�4'_'.' .. ..
<br /> ,n=� � ! �. i rvlf�.?� � _ --
<br /> ;�. ,. �I r� .. _' _ _ -- -_., ' �+;-_-.-
<br /> , .------ -----_ _ _- - _
<br /> s.
<br /> �� --- --- - ..�u�f@ �+
<br /> ---..._�.—.�..._.____ a �7�°' ����7�
<br /> — , � periads that Lender requirce. Tho insuranco curricr ptrnlding the inhurnnce shall be chosen by Borrc►wer eubject ta l.enderb
<br /> npproval which Ahnll nat ba unren!qonnbly withheld. tf B�rrower fi�ilx to mnintain covernge de�cribed above�Lender mAy,at
<br /> Lenderk optton.obwIn coverage to pmtect L.enderb rightA In the Propeny!n accordance with puragmph 7.
<br /> __ __ _ _ ___� AU insurtutce policiea end nenewals ahull be ucceptuble ta Lender und shall include a xtatdnrd mortgage clausa. Lender
<br /> shull hnve the dght to hold the policiea und renewa�s. !f L.ender requireh.Borrower shali prumptiy give to Lender all recelpa ---- -
<br /> •! af pald premlums and renewnl natices. In the event of tosq.Botrawer shall give prompt notice to the insurance catrier and
<br /> Lender. I.ender may make pronf of loss if not mado promptly by Borrower. " ` --` "
<br /> � Unless Lender and Borrower othenvise agree in writing,insurance proceeds shall be upplied to restoration pr repair of -
<br /> :�, the Property damaged. if the restoradon or repair is economically feasible and Lenderb sexudty is not tessened. If the
<br /> �, restoration or tiepair Is not economically feuslble or Lender's security wauld be lesserted. the insurance proceeds shal!be
<br /> applied to the sums secuted by this Secudty Jnsuument. whethor or not then dua, with any excess patd to Bortower. [f
<br /> Borrower abandons the Ptoperty,or doea not answer within 30 days a rtotice from l.ender that the lnsurance carrier hos
<br /> � offeoed to r+ettle u claim.then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or nestore
<br /> the Pmpetty or to pay sums secured by this Security I�strument.whether or nat then due. The 30-day period will begin when
<br /> f� thts notice is given.
<br /> �'��•�!.•. Unless Lender und Borrower otherwise ugree in wrtting, uny application of proceeds to principal shall not extend or
<br /> � �:,`��'`';�;�,'.. postpone the due date of the monthly paymenus referred ta in paragraphs I and 2 or change the amount of the payments. If
<br /> �,�;,�t;�,y;,�;.;� under paragraph 21 the Pcoperty is acquired by Lendee, Bo►rower�s dght to uny insurance polict:s and proceeds resultIng
<br /> _ ~'� '�'�.;}"���•�•� from damage to the Property prior to the ucquisitlon shall paxs to Lender to the extent of the sums secured by thIs Secudty
<br /> ,, .di1'"' """ `'�' �t Instrument immediately prlor to the acquisition.
<br /> .�,'�:'�.�'�,,i�'`•
<br /> �'��� ' �-•''�'�- `� b. Occupancy, PreservnHort, Maintenartce and Protectian of the Property= iMrrower's I.osu Applicatton;
<br /> _•�___�-�_=_:_::. _ �-- _.�-
<br /> •., Leasehoids. Borrowcr shaII occupy,establish.und ase the!'roperry as Borrower's principai residenca wiU�iu aixty days after = --
<br /> • � .� ' ��'� the cxecutlon of thls Security Instrument and shail continue to occupy the Property us Borrawer's pdncipal residence for at
<br /> 'n , least one year after the date of occupancy, unless Lender otherwise ugrees in writing, which consent shall not be
<br /> unmasonably withheld, or unless extenuating circumstances exist which um beyond Borrower�control. Borrower shaU not _
<br /> destroy,damage or impair the Property.allow the Pcoperty to deteriorpte,or cammit waste on the Property. Borrower shall -
<br /> � t, • be ln defautt If any forfeiture uction or proceeding,whether civil or criminul,is begun that ln Lender's�ood faith judgment �;:
<br /> ' could result in forfeiture of the Prope�ty or othervvise materiaqy impuir the lien creuted by this Securlty lnsuument or _
<br /> : • ' Lender's secudty interest. Borrower may cure such n default and reinstate,as provided in paragraph 18.by causing the actton �
<br /> or proceeding to be disrnissed with a ruling thut, in Lender's goad fuith determination,preclude�forFeiture of the Borrowert
<br /> interest!n the Property ar other materiul impatrment of the lien created by this Secur�ty In�trument or L.ender's securtty �;
<br /> Intemst. Borrower shall also be in defautt if Bunower, during the loan applicntion process, gave materially false ar '�� :,
<br /> • ,. � inuccurare lnformation orstatements ta l.ender lnrfailed to provide Lender with uny muteriut[nformation)in connectlon with �?;;;���.
<br /> the tonn evidenced by the Noce, inciuding, but uut IiuiittJ to, rapreseniatians canccming Sarrowcr�occup�cy of she �.,Y --- - -
<br /> ' •�'�'� property�.g a princip�l res idence. I f t his Securiry Insttument is on a IeA.r•e ho l d,Borrower s ha l l c o m p l y w i t h a l l t h e p ro v i s i o n s ,.�"..'.�
<br /> � ' af the lease. If Borrower ncqutreti fce title to the Pmperty.the Icasehold and the fee titic shull not merge unless Lender a�mes �',•:ti A::; ;
<br /> � to the merger in writin�. �"�-
<br /> 7. Pratectton of I.ender's RiAhts in the Property. If Borrawer fuil+ to perform the covanunts and agreements . * �
<br /> �^ contalncd in thts Securiry Instrument, or there iti ii Icgul procceding that may significundy affect L.ender's•rights in the '�"'
<br /> . .. . . . . • --- �'
<br /> . -:=T:=.�-=,:..---- ---- .
<br /> . rcnpeny lsucn a�u pr�x:eemng m nunkrupicy,p�.�ua►c,iu� wnucuu�uuuu�n ';u�fenurr ur�o entorce iuws or re�uiationxJ.tnon _
<br /> . Lender muy do and puy for whutrver i.nece+sury to prc�tect the vulue��f the Property und Lenderz rights in the Property. ,
<br /> Lender's uctions muy include puying any.um,.crured hy u lirn which huti priuriry over this Security I�,trument.appeuring . '.�!`
<br /> -- ,, in court,paying rcusonuble uttorney+'fec.und rnirring on ihe Pru�rty to msihr repain. Although I.cndcr muy tuke uction AR�
<br /> under this purugrnph 7,Lcndcr d�k.nut hiwc tu d.�+u. �__
<br /> � �� Any umountti disbur+�d by l.rndrr undcr thi� parngruph 7.hall lxcuiur udditionul debt uf Borrowcr ticrured by this y�•
<br /> � � Security Instrument. Unie+ti Barmwer und l.rndrr agrce tu uthrr terni+��f pc►yment,thr+c umount..haU lxar intercst icom the � ,'�,w�"-��
<br /> � -� ' date of di�bur,ement ut thc Notc rute und�hull tx�uyable,�vith intrrc.t, upon nuticc fmm Lender tu Bonower rnyuestin�; a----
<br /> . puyment. �"`r•y''•�
<br /> „ 8. Mortgage Insur�nce. It'l.rnJer requireJ mongugr in.uruncc u+a rondition of muking thc loun�ecured by thIs �i�
<br /> Security lnstrument.Bonowcr �hnll puy thr prcmium.requi�d to muintuin the nu�rtgugr imurnnce in cffect. If,for uny _,
<br /> � reuwn, the n�ortgage inxur�►ncc rovcr,igc rcyui�cd hy� L�ndrr lup�c+ or rci+.r, to tx in effcrt. Bucrowcr shult puy the � - -
<br /> pmmiums rcyuimd to obtuin cavera�e .ub.tuntially cyuivalrnt a� thr matlgugr insurance previ�iu,ty in effert, at u cost +'
<br /> sub�tantially cyuivalent to thc co.t to 8orn�wcr uf thc mungugr m,urarxr prcvu�utily in effrrt, fmm un altcrnate mor[gage r
<br /> � insurer approvcd by Lendcr. If suh.tc�ntinlly cyuivcdrnt mangagc in.urmxr rovrri�r i.nut av•rilublc. BoROwcr shull puy to � , '
<br /> - L.ender cuch month u sum cyuul tu onr-twrlt'th o f th�yc:�rly mongs►ge in�ur:+nrc prrrnium txing paid by Borrowcr when the �
<br /> • fnsuruncc coverage lapsed or rruxd tu hr in�Ct'c�t. Lendrr��ill arcrpt.u.r imd retain thr�c pa�ment.t�.a I��.,rc+erve in lieu ,
<br /> � of mort�ngc inxurancc. Lu>.rr.rrve pa)•mcnt� may nu lnn�cr Ix rryuirrd..0 thc��ptiun i�f Lrndrr. if m��rtgugr in�uruncc ..
<br /> coveruge(in the umount und fc�r thr�xriuJ thut Lender rryuirr.�pru�ided 0y un in.urcr appruvrd hy Le�xler again tx:come�
<br /> ' cvailable and i+oMained,Borrowcr shull pay thc prcmiu�m required tu roaintain mortgagr in�uranre in�ffect,or to pmvidc u
<br /> loss rexervc,until the rcyuircmcnt ti�r m��rtgagc imur:uur rixl. in arrordanrc��ith am-��•ritten agrccinent bclN•cen Butrowcr
<br /> . nnd Lender or applicable luw.
<br /> 9. Inspectlon. Lender<ir it,a�:rnt m:►y rnakc rc:►.unahlr entric�upon and in.prrtiun.��t'thr Pru�xrty. l.�nder tihull
<br /> give$orrowcr notice at the nmc uf ur pri��r tu an im�xcti��n��kritying r�:i,�,nnble�:ui.c tiir thc impection. ;
<br /> 10. Condemnution. Thr prucccd.uf an)• a��ard ur rlaim tirr damagc�.dirrct��r run.cyurntial.in ronnectiun�vith uny �
<br /> - I
<br /> tiroglc haouh-•Fimnie\fue Frcddlc�1uc l'\1FOR�i l�r"1'12l\1E\'1' l nU�mn('�»�•n.��t� 9�911 �p��er?„!��(u�¢i•u �
<br /> - � ��ra�I�kr.•Huw�ev F�mu.In� S �
<br /> ; tuunlrct�n il�nnbaav'so:+.-I:A\ut��7n1•tt:tt I .
<br /> r�
<br /> ' •� . , .
<br /> .1 � jr'
<br /> � ;,
<br /> I :, �
<br /> . r
<br /> �
<br /> : 4 .
<br /> � .
<br /> � • � . _'.
<br /> . � �.._, _ . . . . ..�
<br /> � . 1
<br /> . ,
<br /> a�1� ._ - , - . __"
<br /> �
<br /> � ,� . .. . . . . . ._ "_ __
<br /> ._..._.. —__ ._ ___._ _.
<br />
|