|
��. � ', __ _ ... .�y •. "� ---
<br /> -�.y � .fF . ' _
<br /> •`� �{` .f 4:,... .... :�
<br /> ..� .. _5_�,...........__-
<br /> . _
<br /> -` '' ' . �.�.' � .. ' - __.._. `- .-..
<br /> t �
<br /> _ _, __. ...'--- - _..
<br /> � ----------
<br /> ..._ y.._� .v_J.�.S.�_ f
<br /> y��_—�i� �edods that Lender icqufres. 7'ha ir�suranca currIer providing the InRUrartce shall be chosen by Bo�Y c ts'Lender� �'�'°
<br /> -- � appmval which shall not be unrcasonubly withhrl�l. If Bo:rower fuils to muintain covemge descrfbed ubova,l..ender muy,at
<br /> L.enderb aption,obtain coverage to protect Lendar�s rights in the PropeKy In uccocdwtce with pnrugrnph 7.
<br /> -- - All inaurance poltcies and rcnewals shail bo acceptable to l.ender and Rhall tnclude a stunclard mortgugo clauxe. Lender
<br /> -- -- - -- - -- � shsll have the dght w hold the policias and renewals. If Lender nquiras,eorrower shall pmmptly give to Lcnder ali raceipta
<br /> �.,-_...... ,._ .__..
<br /> ,: of pald pnmiums and renewal notices. In tha event of loss,Borrower Rhall gtve pmmpt natice ta the inauranco carrler and
<br /> - . ---- — I..ender. I.endar mwy makc proof of loss if oat made prompdy by Borrawer. �t-=—=---._ �
<br /> Unless Lender and Bnrrawer atherwise agree in writing.insurartco p�+nceeds shnll Ixs applied to rcAtoration or rcpair of
<br /> -'�'� the Property dumnged. lf the rastorntion or repair is economlcally fea.cible and Lender�s security is not lessened. If the
<br /> p, restorntion or repair i�not ecanomtcally feasible or i.ender�a securlty would be lexsened,the ingumnce proceeds ahap bo
<br />� applied to the sutna�ecured by this Security Insuument. whether or aot then due,with any excexs paid ro BoROwer. If _
<br /> Borrower abandana the Property,or does not nnswer within 30 days n notice from Lender that the insurance cartler has ��"
<br /> � offered to settle a c1nlm,then L.ender may collect the inaurance proceeds. Lender may use the proceeds to repair or restore �.
<br /> " ' � � a�� the Pmperty orto pay sumy secured by thiR Secudty Instrument,whether or aot then due. The 30-day perlod wjll begin when °�=_ _--- -
<br /> P�:' the nodce la glven. ��n
<br /> � :��'i L'�' Unless Lender and Bortower otherwise ugree in wrtdng,sny application of ptoceeds to pdncipal ahnQ not extend or ������-
<br /> `l .����.:�s����� ;�a postpo►ra the due date af the monthly payments referred to in pacagraphs 1 and 2 or change the iunount of the puyments. If
<br /> �.: • �'�'•'�'�'"`�`�•��;;',`Y under paragraph 21 tho Property is acqulred by l.ender, Borrower!c dght to any insurnnce policies and proceeds resuldng �'�"--'
<br /> `� � � from dsmnge to the Property prIor ta tha acyulsition shali pass to Lender to the extent of the sums secured by this Securiry �p�`--`"�
<br /> • ' i.�i;.��„ `��:
<br /> . `7-�i`•�`�' - .�.t '.:.„�,-_
<br /> Insuument lmmediately prtor to the acqulsltion. �',:: °--
<br /> � • �• � � '`� 6. Occupancy, Preservetion, Maintenance and Protectlon ot the PropeMy; Borrower•s I.oan ApplicaHon; ��; '�_-
<br />_ - ':,.__�.___ ..�__,__ 1 xaseholdx. Rormwer shcill occupy.establish,and use the Properry as Borrower's pdncipat restdence within sixry days after ,'' �
<br /> h ,�� „. � - t h e e x e c u t i o n o f t h i s S e c u r i ty I n s u u m e n t a n d s h a l l c o n t i n u e t o ce c u p y t he P ro p ert y as Borrower�princi pal residence for at �:�, _-
<br /> • ' '� least one year ufter the dete of occupancy, unless Lender ocherwise ngrees in wdtins, which consent shuQ not be - _
<br /> unm.usonably withheid.or unlrss extenuatin�circumstances exist which are beyond Borrower�conuol. Borrower shall not =:_---
<br /> � � ' destroy. demage or impair the Property.allow the Property to detedorate,or commit waste on the Property. Borrower shati ,
<br /> ?`" •, , be in default if uny forfelture action or proceeding,whether ctvil or criminal,!s begun that in Lender's�aod faith judgment �
<br /> �, could result in forfeiture of the Property or otherwise materinlly impair the lien created by this Secudty Insuument or � r j� � �
<br /> „ " Lender`s securiry intarest. Borrower muy cure such a default and reinstate,as provided in pAragraph 18,by causIng the action � • p
<br /> • • or praeedin�to be dismiss�d wlth n ruling that,in Lender's good faith deterniinasion.precludes forfeIture of the Borrower� ��� nr+ --ti
<br /> interest in the Property or other materinl impainnent of the lien creuted by this Securlty instrument or Lender�s security , -
<br /> � intercst. Barrower shall also be in default if Bairower, dur�ng the loan application process, gave materially false or �
<br /> inaccurate information or statements ro ixnder tar failed to provide Lender with any materiul information)in connection with �' :'r' �
<br /> ; ,. �-�--
<br /> _ ', the loan evtdenced Ny thP N�te, includine, hut nat limited to. repmsentutions conceming Barrower?s accupancy of the ` �=
<br /> _ _
<br /> : _ •
<br /> Property as a pr�ncipai nsidence. If this Securiry Instrument is on a leusehold,Borrower shall compty with all the provistons _
<br /> , . of the lease. If Borrower acquires fec dtle ro thc Property,the leasehold and the fee title shall not merse unless I.ender agrees
<br /> •� • ' to the merger in wdting. �
<br /> . 7. Protection of Lender's Rights in the Property. lf Borrower fulis to perform the covenunts and agreements . —
<br /> contained in this Security Instrument, or there is n legui proceeding that may slgnificantly affect l.ender c rights In the . .
<br /> _., •. ::.__�_.._._..�:._.__ prr,�Ky ra���h e�a rr�rc�dina in hnnkn�ptcy.prohnte.for condemnntian or forfeitune or to enforce laws or reFulations),then � `�
<br /> _. �..._�r--.- °-�----- _. , �,
<br /> ,�_. • I.ender may do And pay for whatever is neces�nry to protect the vulue aF the Property and Lender:s rlghts in the Property. -- � =
<br /> L.ender�acttons muy include puying any�ums secumd by u lien which has priority over this Security Instn►ment,appearing � �'`�
<br /> in court,puying reasonable attomey.s'fees und entering on the Property to m�ke repain. Although Lender may tuke action
<br /> ' underthisparngrnph 7,Lender does not huve todo so. :�=_
<br /> . , � Any umounts disbursed by Lender under this purngroph 7 shull become addit�onal debt of Borrower secured by this , ' t�•:
<br /> � Security Instrument. Unless Borrower and I.endcr ugree to other tertns of puymcnt,thesc umounts sha{t beur interest from the _ =�=-a
<br /> � dnte of disbursement at thc Note tute und shull be pnyable, with interest,upon notice from Lender to Borrower requesting �"�"�
<br /> � pnyment ~��
<br /> ' , 8. Mortgage Insurance. lf Lendcr rcquired mongugc insurnncc as u condition of making thc loan secured by this i�.:
<br /> " • Security Instrument, Borrower shull pay the prcmiumx reyuircd to maintuin th�martgugc insurnncc in effect. If,for any .,. =;.
<br /> - . � re�son, the mort�uge insarance roverage reyuired hy Lender li�p.e. or rrn.e. to he in effect, Borrower shnll pny the ,. __:___ _
<br /> , . � premiumx requlred to obtain covernge substantiuily equivnlent to thc mortgu�e inxurunce pn:viautily in effect, at a cost . ����'
<br /> "� ' substantially equivalent to the co.t to Borrower of thr mortguge insurance prcviouxly iii effect,from un altemate mortgugc ,
<br /> insurcr approved by[.ender. If.ub.tantiaily cquivulent mortgage insurance covcr.►ge is not uvuiluble.Aormwer shul!puy to ._
<br /> Lender each month u sum eyuul to one-tweifch of the yeurly mortgugc in.urun�e pr�mium being paid by Borrower when the
<br /> . insurunce covernge Inpsed nr ccaxed to he in cffect. Lender will urcept,u�c und reti�in thesc puymcntx as u loss mserve in lieu
<br /> ' of mat�nge insurunce. Loss rexerve payments muy no lonber be requind,ut thc optinn of Lender, if mortguge insurance
<br /> coverage(in the amount und for the perial thut Lendcr rcyuire►>provided by un in,umr upproved by Lendcr stgain becomes
<br /> Avuilable and is obtuined. Borrower shall puy the premiumx reyuimJ to muintuin m��rtguge insurunce in effect,or to pmvide u
<br /> loss reserve.until the rcquircment for mon�sige in�uruncc cnds in ncrorJuncc with any wriucn ugreement bctwcen 8orrowcr .
<br /> pnd Lendcr or upplicublc luw. �
<br /> 9. Inspection. Lender or its ugent muy makc Rusonubic entrics upcm and impertiom of thc Pmperty. Lendcr+hall
<br /> �!ive Borrower notice at the time of or prior to Un inspeetion xpecifying rcusonablc cau.r for the impectiun.
<br /> � t � l0. Condemnation. The prc�ceeds of any uwurd or rluim for Jumuge�,dircct or consryurntiul,in connrction with uny
<br /> Singir hmdy•-Fnnnie MaelFYeddie Mac 1�NIFURDt INti'1'RP�IF:VT• Umfixrn Cuvrnants 9190 tp�ixr?nfn�x�krsi
<br /> .. r�reat tatee ualneee Pams,toc.0 i
<br /> ' � to chAa CnN�1�H00�G.'16�183[]YAX ata7Nfdl11 .
<br /> � I
<br /> ' I
<br /> � �
<br /> _ r
<br /> �� _..---- ---•- .. _._ _... .
<br /> _ • _�•_ _ -- --.—,_ . .
<br /> _ — ----.. . _
<br /> ,�___._— .
<br /> _. ;. }
<br /> , � ,
<br /> ��
<br /> i
<br /> I( '
<br /> �
<br /> ' �•. i �
<br /> ' �.. ' '
<br /> 4
<br /> �. , .
<br /> .,
<br /> �
<br /> .' , _� �
<br /> t
<br />
|