|
.n� '{.�onaa.a--- x i.�, •– - — ., ---.o .
<br /> � ' �' , },° _ t
<br /> ' �. ' t � ' �� ' , _-
<br /> ..� .. ' , .,� - ---- - , -�_.
<br /> �-_ ,. < -- ..
<br /> ' __ ___,..,_,..�
<br /> - 94- �0204�
<br /> — — � pericxix that[.ender requires. 'ilio in�rarunce aanler pmvlding the insurunco she11 be chasen by Borrower subject to Lenderk
<br /> �� approval which Rhal!not be unneusonably withheid, If Borrower fuiis co matntuin covemgo described ahove.l.ender may,at
<br /> � Lenderk opdan,obtoln coverage to protect L,endert�righta tn the Property in accordence with paragraph 7•
<br /> � All inauranco polEcies c+nd renewalA xhall be acceptublo to Lcnder and shuil inciudc u Rtandard mongago clause. L.eader
<br /> _ _ _ __ ehall huve the right to hold tho palicies ancl rencwnlx. If I.ender requires.8orrower shull pmmptly give to J.ender all receipts
<br /> a of puld premiums and nnowul naticeR. In the event of losfl,Borrower�shall give pmmpt no�ice to the insurunce canIer�uid –
<br /> _. --- -- --
<br /> – Lender. L,ender may mako praof of IosR it not made prompsly y orro+ver.
<br /> - Unless I..ender and Borrow�r atherwixe ngree in wdting.inauatnce proceeds shnll be appllcd to restoratlon or rcpair ot L
<br /> t' the �rty damnged. if the oe.storation or repuir iR economfcu8y feaRible und I.enderb securIty is not lessened. �f the
<br /> � mstorat an or rep�ir Is not economically feaRible or l.enderh secar[ry would be lessened, tho insurance proceods shall be
<br /> applled to the suma secumd by thia SecurIty In�strument, whether or not then due, with nny excesa paId to Borrower. If
<br /> Barrower nbundans tfte Puoperty.or doea not unswer within 30 daye u nottce from I.ender thut the insurance carrier has
<br /> offered to settla a claim.then Lender may collect the Inaurence proceeds. Lender mAy ur,e the procceds to t�eepair or restore
<br /> . thc Property ar to puy sums secured by thi�Secur�ty Inspument.whether or not then due. The 30-duy pedod wl(1 begln when --
<br /> the notice is gtvcn.
<br /> � �����,-•� Unless Lender and Borrower otherwlse agree in wrtting,nny up lication of pince�ds to principal shap aot extend or
<br /> � ..,,: ,:�. .: �. ..
<br /> � •.,wtt,.,;.�+r�h.f.j�A postpone the due dute af the manthly paymenta refemed to in paragrap s I and 2 ar change the umount of the payments. Yf
<br /> �.,;���. • under psvagroph 21 the Property is acquired by Lender, Borrowerk dsht to Any insut��ce policies and pmceeds resulting
<br /> '�''c�.:�.S••r.`::.•K•��' from damage to the Pcopeity prior to the acquisition�hnll pass to Lender to the extent of the sums secured by this Secudty
<br /> �,5''�" '•` `� •`.�t"�:• InRtrument lmmediately prior to the ncquisition.
<br /> � '"%"}`�"' ' �� '� 6. Occupancy� Preservallon, Matntenance �nd Pcotection of the Property; Borrower's Laan Applicatioa;
<br /> s:,... _
<br /> �� �•� �� I.easeholds. Horrower shaU occupy.eatablish.and ur.e the 1'raperty as Borrower!s principul residence within sixty days ufter �
<br /> - - -- the executton ot thta�ccunty instcument and shuii continua co accupy i6e Property a,s Bunuwarb p�iuclpni iesidence far at – -
<br /> . � leust one year after the date af occupnncy, unless Lender otherwise agrees in writing, which consent ehall not be
<br /> • unreusonably wIthheld,or unless extenuating circumstunces exist which nre beyond Borrower's control. Horrower shall not
<br /> " destroy.damage or impair the Property.allow the Property to dgteriorate,ar commit waste on the Property. Borrower shall
<br /> •�� �� be ln default if any forfeiture actton or proceedfn�,whether ctvil or crimindl,Is begun that in Lender!s good falth judgment
<br /> �• could result in forfeiture of the Property or otherwjse mate�ially impaIr the lien created by this Secu�Ity Instrument or
<br /> • Lender`s security interest. Borrower may cure such a default und reinstate,u.g provtded!n pnragraph 18,by cauaing the action
<br /> „ � or proceedin�to be dtsmissed with a ruling thnt,in Lender?s good faith determination,precludes forfetture of the Horrowerk
<br /> •• interest in the Property or other matedal impairment of the Iten created by this Security Instrumcnt or Lender'§ secudsy
<br /> intecest. Borrower shall also be in default if Borrower, durin� the laun application pracess. gave matedally false or
<br /> • � � ' inuccurate information or statements to Lender(or fuited ta provide Lender with any mnter�al informatton)ln connection with
<br /> -_ ,- � the Mnn evidenced by the Note, includin�. but not limited to, representations concemin� Borrower�s oc�upancy of the
<br /> Property as a pr�ncipal residence. If this Securiry Instniment is on u Ieasehold,Borrower shaq comply with ull the provls[ons �_
<br /> . of the lease. If Borrower acquires fee title to the Property.the lcuschold und the fec titic shull not merge unless Lender agrees —__.
<br /> � � ro the merger in wr�ting.
<br /> � .. 7. Protectlon of I.cnder's RishRv ln the Property. If Borrower fuils to perform the covenants and ngreements �
<br /> ., � contuined in this Security Instrument, or them is u le�ni proceeding that may si�ntficantly uffect Lender's ri�hts in the —
<br /> Property(such as a proceeding in bankruptcy.probate,for condemnution or forfeiture or to enforce laws or regulattons),then
<br /> - Lender may do und pay for whatever is neces�ury w protec[ �he vuiur oi che Properry unci LenJer's rigi�t,in the Fiu��iy. ��,
<br /> .':�-.:_'..:___�._.,.�._:-"::'- _'.
<br /> Lender's actionr moy include paying any xumz secured by u lien which hus priarity over this Security Instrument. appearing
<br /> „ in court,paying rcusonable attorneys'fecti nnd entering on the Property to muke rcpuin. Although I.ender may take uctton •
<br /> • under this parngraph 7,Lender dces not buve to do ro. '
<br /> Any umounts di,bursed by l.ender under this pumgraph 7 xhail hecome udditionai debt of Borrower secured by this .
<br /> � . Securiry Instcument. Unless Rorcawer und I.ender ugree to other terms of puyment,these amounts shall benr interest from the •
<br /> „ date of disbursement ut the Notc rate und tihull bc puyuble,witb interest,upon notice from Lender to Borrower requesting •
<br /> „ payment. "
<br /> 8. Mort�age Insurance. if Lender requircd mortgage in.urunce us u condition oT muking the lonn secured by this ��
<br /> Security instrument,Borrower shull puy thc premiums required to muintuln the mortgnge insurunce in effect. If,for any
<br /> ' reation, the mongttge inxumnce coveruge reyuired by l.ender lupsex or ceutics to b� in effect. Borrower shall puy the
<br /> � • premiums mquired tu obtuin coveruge suh+tantiuliy eyuivalent to the murtgu�e inxurunce previous{y in effece. ac u cost
<br /> ' , substantiully equivulent ro the cost to Borrower of the mort�age intiurunce pRViously in effect,from un ulternate mort�age
<br /> "' insurer approved by Lender. If sub+tantiuliy eyuivulent martguge insurunce coveruge i�not uvuiluble.Borrower shaU puy tu ��
<br /> � Lender ench month u sum eyuul to one-twclfth of the yeurly mortguge insurnncc premium!�►cing pnid by Borrower when the
<br /> insurance coverage lupxed or ceased to be in rffect. I.cnder wiU nccept,use nnd retuin the+e puyments us u los.reserve in lieu
<br /> of mortgage in+urunce. Loxs reserve puymcnts m+ry no longer be rcquired,ut thc option of Lcnder, if mortguge insurance
<br /> coverage(in the umount and for the pr:riod that Lendcr iryuirc,)provideJ by an in�urcr upproved by Lender again becomes
<br /> available and ig obtained.Borrowcr shull puy the pmmiums reyuired to m:+intnin monguge insurunce in effect,or ta provide u
<br /> •� loss reserve,until the rcquirement for mortgi�ge in,urnnee ends in uccordance with any writtrn ugreement between Borrower
<br /> • nnd Lender or upplicuble luw.
<br /> 9. inspection. L.cnder or its agrm muy mukc reutionable entrics upon nnd inspcctions uf thc Propeny. Lender shull
<br /> give Borrower notice ut the time of or prior to un inspectiun sExrifyin�rcusonabic caiuse fur the insExction.
<br /> ' t 10. Condemnation. Thc pmcceds of:�ny uwurd or rlaim tiir dumagc.,dircct ur con+cyuential,in connertion with any
<br /> " Singlc Fumily..Funnie Mue/Frcddle Mac I�YffUR�f 1NSTNl'�IF.VT•-Undunn Cuvrnant� 9I90 rpu.er 3�,j a p,ixrsl
<br /> ' . Grrnt Inkrn Hu.lnw Fomm.Ine■ �
<br /> ' ' Tn�M�Mr CnN�1AO�A':1M1B7D3 fl MAII R18�7Bt413� I .
<br /> �
<br /> `'
<br /> � . . . �
<br /> ---.. ��._,-.._. .. __ .. _. ..------- -.... . . .... . . ,
<br /> ' 1
<br /> 1.. . s, .•. .
<br /> • j a . .
<br /> . 1 },..
<br /> I�1 '
<br /> t
<br /> T . .
<br /> . � Y
<br /> � � ' .
<br /> ��. .� ..
<br /> , , 1
<br /> , .. �_ _. .1 .
<br />
|