|
_-��-� . -- — -
<br /> -- _-- -- T _ _.—.-- -
<br /> - -�--- � • - —, -- -
<br /> _
<br /> :-�''� -��` : _ _ � ._
<br /> _ i,, .. i ��'� .,.��. ' , , ., �.. �
<br /> +�,• , ;_ .. ��.,. .. . ... .a _ _ _._ . _ ,.
<br /> . ,
<br /> .. L � . .
<br /> .: � . _ _.. _
<br /> -y �>��3� .._..�..� -
<br /> ...,..� - .�
<br /> __ �C+Y� '_`_-
<br /> M�ry�'-• � -.
<br />_ ._, periads that I.ender rcquires. 'Rie insururtco cartier provlding the insurunce shall be c se by B�o � e�to l.enderh ���'�'"�--`: "-�'s'
<br /> � approvnl�vhich ehalt not be unnaasonubly withheld. If Borrower fafl�to malntain covernge described Above.Lender muy.at �:=;�_�_-__� .
<br /> ___ —�i l.enderk optton,obtain coveruge to pmtect Lenderk righGs fi tho Propeny in accordance with parngraph 7. ��y -�
<br /> p�� All Insutance policiea und r+enewala shall 6e accepu►ble to T.ender tmd ahail include a swndurci mortgage cluuse. Lender �""`-=°'""�""- -
<br /> _ � � ehaU hnve tho right ta hold the polictes and renewals. if Lender require,,Borrower shall promptly giv6 to l.ende�aU receiptK ��-'_`"'''��"`°�'—
<br /> : .,
<br /> - ���,,�� uP puld pre�nium�.a�id�enewat noticcs. In thc cvcnt of lors,F3aRavrer sha!!give pmmpt notice ta thc lnsurnncs cuerier�d �
<br /> `���-'-� � l.�nder. [.eader may make proof of ioss if not made pmmptly by Bormwer. ~ {�'" _ _
<br /> � '� � , Unless I.ender nnd Borrower othenvlse agree in wrlting.insurnnce proceeda shnll be applied to restorntion or nepair of �"'`�
<br /> '• c �-"=---
<br /> ,.,, , the Propetty demaged. tf the restoration or r+epuir is economically feagible And Lender?�security is not lessened, lf the _,y;;,��,,,�N=.�-
<br /> _ -, �+f :;-a� restomtton or repatr la not economicafly feasible or I.enderk security would be lessened, the lnsurance proceeds shall be a __
<br /> - t,�,,��,, ,;;;",�,• agplied to the surna sscured by this Secudry Insuumen�whelher at not then duc. wIth a�y Qxcess pafd to Bortuwer. Jf ' ' - _
<br /> f Borrower abandans the Prapett�r.or does not answer within 30 dnys a notice from Lender that the insurnnce carder has ir,�� �
<br /> : �;;:;�x _�;;. ,;p,.; affered to seale a claim,than Lender may collect the insumnce praceed.r. Lender muy use the praceeds to reQalr or restor�e �, h:�
<br /> „ �, x;,�f , ''�°_'?'•• the Property orta p�y sums secumd by this Security In�trument,whether or not chen due. The 30-day pedod wdl bestn when �.:�=__ _
<br /> �:�l:�.. , ;.'..�; the nodce!s given. -`'`�
<br /> y� . , Unless l.ender and Sorrower othetwise agree in writtng.any applicution of proceeds to principal shull not extend or �''""'
<br /> f'"�•� ' • ., s na the due date of the mond�l a ments referred to in arngrcphs 1 and 2 or chan e the amount of the A ments. If '�=��"`:�:: �
<br /> M,,.. :,. F�•� Y P Y P' E P 9 �;.,,�.�-.
<br />� , ,. : under paregraph 2t the Property is acquired by Lender. Borrower4 right to any insurance policies and proceeds resultIng . _ _
<br /> . from dnmage to the Property prior to the acquisiNon shull pacs to Lender to the extent of the cums secumd by this Secudty = —
<br /> �;�,✓'.� •• • ,�, Instrument immediately pri4r to the ucquisidon. ' �'_�
<br /> • 6. Occupancy. Preservadon, Maintenance and Protectian ot the Propertyt Borrawer's Loan Application; _:_-
<br /> .. �• .' � '
<br /> ' ° " �`" I.easeholds. Bormwer shaii occupy.establiah.a�id use the Prapeny as Borrower�s principai residence within sixty days after ' �� }"° ----
<br /> ; _ ',
<br /> • � �w=T—:��=..-----.. ' tlsc execution eFlhis Secu�ity Instruc�sent end shol!continue t�noo��py thP PmJ,rrry nc R�rr�werF p�incipal resldence for at ' � _
<br /> „ �� least one year after the date of occuparrcy. unless Lender othenvise agrees In writing, which consent shsll not be r '�i-
<br /> �� ° unreasonably wtthheld.or unless extenuating circumstances exist which am beyond Borrower's control. Botrower shall not �aj� ._
<br /> ,�-.�.._��
<br /> �� destroy.demage or impnir the PropeAy,aUow the PropeAy to deteriorate.ar commit waste on the Property. Borrowcr shall ,.�___
<br /> ' be tn default if nny forfeiture action or praceeding, whether ejvil or criminul,is begun thut in l.enderk good futth judgment '`-►��:�-
<br /> .: could result in forfeiture of the Prapetty or otherwise muteriully impatt the lien created by this Security Instntment or �, ' ' "°
<br /> �� . ' ` Lender?�securiry interest. Borrower may cure such a default und reinstate,as provided in parngraph 18,by causing the action � • ' ,c�:
<br /> or proceeding to be dismissed with a rulin�that,in i.enderk good fuith determinution,precludes forfeiture of the Borrower?s _-� _
<br /> „ interegt in the Property or other material impairment of the lien crcs�ted by this Security Insuument or Lendert security
<br /> ,., . ' ., intcrest. Bortower shall also be in default if Borrower, durin� the loan application process. �ave materiuUy fulse or ' „ �
<br /> �, inuccurate fnfamation or stutemenGs to Lender tar fuiled to provide Lender with any material information)in connection wath ,
<br /> S� the loan evidenced by the Note, including, but not limited to, representations conceming Borrowers occupancy of the ��
<br /> _- —
<br /> ., Property as a principa!residence. If this Security Instrument es on a kasehotd,Horrower shaQ comply wuh ait the pravisions � ° '
<br /> ' ' of the leuse. If Borrower acquires fee titie to the Propeny,thc lcasehold and thc fcc title shall not merge unte�x L.ender ugrees
<br /> to the merger in writing. °
<br /> ' " � 7. Protectian of Lender's Rights in the Property. If Borrower fails to perform the covenants and a�,rceements t
<br /> . contained in this Security Instrument,or there is u le�al proceedin�thut may xi�nificantly affect L.enderl rights in the � ,G- '
<br /> , �, Property(cuch ns a proceeding in bankruptcy. probate,for condemnation or forfeiture ar ta enforce laws ar regulutions),then •� •h�
<br /> ._'..�----`-------- �.a:R�iC fii"a" L�3 wr� u'FOI C:�1alCL'�C�.itC:�oe�n. (Q rJIC:I S�Se••alec of th!' Ql'^ _rt Pl1r1 I�+nrlPrc riohfc in thr Pm rfV
<br /> - .-�---- -�: --•- r �°� , F F'P-�Y � t"' •••-•---•-��--n-� �
<br />• ' L.endeei�uctians may include paying uny+umti secured by u lien which hus priority over this Security Instntment,appearing ,..�� -
<br /> in court,paying reasonuble attorneys'fees and entering on the Pmperty to muke repain.Alihough Lender muy tuke action ,,;
<br />_ , under this parngraph 7,l.ender does not huvc to do so. 'S ��
<br />- Any amount+disbuned by I.ender under this parugrrph 7 xhall bccomc additionul debt of Horrower secured by thi� �•
<br />'°> Security Instrument. Unless Borrower and Le�der u�eme to other terms of puyment,these amount,shall bear intemst from the -,4:
<br /> " . ° date of disbursement at the Note rate:uid +hull hc payable,with inic�c�t, upon notice fmm Lender to Bomower mquesting ,' �;�—�
<br />�.� /,,�;i-
<br /> payment. �
<br /> ,�,, S. Mortgage Insurance. If Lender rcyuimd mortgage insurance a,a rondition of mnking the�o�n �ecured by this ��'''!•: �
<br /> Securiry Instrument, Borcower tihull pay the premium. reyuircd to mUintuin the mongage insurunce in effect. If, for:u�y ,�_.
<br /> • �� „ t+enson, the mortgage insurance covernge reyuircd by Lender lap�ex or ceatir� tc� be in effect. Borrower shull pay the �i
<br /> =,,. � � pren�iwn,re,yutred to obtain ca�erage suhtitantially cquicalcnt to thc mongage inwr.u�ce pm�•inusly in effect, at a cost • _ - �
<br /> .. substantially eyuivalent to the rost to Borrower of the mortgage insurance prcviously in effect,fcom an altema[e mortgage " �
<br /> ' insurcr opproved by Lender. lf substuntially eyuivalent mongage in+urtnrr rovrr.�gc i�not uvuiluble,Borrowe�shall pay to _, �Z
<br /> � L.ender ench month u sum equal to one•twclRh nf thc yearly mortgugc intiur.uuc prrmium bcing puid My Bortowcr when the � "�.
<br /> insurance covera�ee lapxed or ceased to br in effect. Lendcr will uccept,u.e and retain thc�c payment+ati a los,re�crve in lieu . ' ' ... „�-
<br /> ' of martguge insurance. Loss rcserve payment�muy n� longrr tk myuirrd,ut the o ption of l.cndcr, if mort ga�;e insurance •=
<br /> . „ coverage(in the:�mount and for the periuci thut Lcndcr require+)pruvided by un inwrer appn>ved by Lender again bccomes
<br /> available and is obtained.Borrower,hull pay the p�emium.rcquired to maintain morlgage in�uruncc in effect,or to provide a �-
<br /> i . loss reserve,until the reyuircment for mortga�ec in.urance cnds in acec�rd�ncc with uny written ugrcement between Borrower ',
<br />_ and Lender orapplicable law. I `,
<br />�'�� 9. InspecNon. Lender or itti ugent m:sy makr reawnablc entri�+upun und in�p�ctiom uf the Property. Lcnder shaU 4
<br />- • give Borrower notice ut the time of or prior to •rn ins}xction ti�xcifying ma�onablr rauu for the in.pection.
<br /> � , i 10. Condemnation. The proceed�of any award or claim for darn•rge�,dircrt or con,ryucntial,in ccmnectian with any ;
<br /> l Singk Frmily-•Fannle MadFreddle Nuc l'ylFt)RyI I��TRI'�iF.�T••l�ndorm c'���enant. 9i90 ipaer?.�1 nl�e�•�i � '
<br /> _`� ; Rrot Imcee Pninrs�Pmn�Inr ■ .
<br /> 0
<br /> . �� tu�MM�tf.q1l 1�✓A49397:7 FA1lelfr181�11.1I .
<br /> ' �
<br /> �
<br /> r - ....._.--'--� -'- --.._......... .. ... . . .. _. . ., . . .
<br /> ., .._ .� _ ___ ._.._ . _ -.
<br />� �:
<br /> x
<br /> , �. . .
<br /> (M
<br /> .. i . J _ .. .. .. - ,
<br /> 'jF � ° , . .
<br />:'' � ,
<br /> � .
<br /> .� ,
<br /> .
<br /> .
<br /> ,
<br />
|