|
�,�—_ .::'7v��.. _ •A2 I� ., ,1 .. _;'..
<br /> . � . ..i :.�• .
<br /> { � ...,..�.. 'z
<br /> . :i• 31 ,. , m:
<br /> . j __ _ - — --- -- - __ _ _
<br /> � _� _ , 1 ..
<br /> .�rii
<br /> - 94� 1o�l�a
<br /> -��==�-'*=�:'�m gertods that Lcnder requie�a, The insumnce carricr pmviding the Insurnncc Rhnll be chasen by Harrower Rubject ta i.enderk
<br /> approvul wNieh Rhall not bo unrcasanably withheld. If Borra�wer faila ta muintnin coveruga de�crlbed above,I.ender mzry.at
<br /> _ � l.endarh option.obtain cavemga to pmtect Lender e right�in the Properiy 1n accordance with pamgrnph 7.
<br /> - — All inauranco palicies and renewals shall be arceptabla to Lendec and shutl includo a Atnndard mortguge clauxe. Lendor
<br /> ---------- -- ---_=—_
<br /> ehall huve the rlght to hold the policies nnd renewul». if[.ender rcquires,Borrawer shall prompUy givo to I.endcr nll rcceiptn
<br /> - - oY puid premiums and anewa�nadces. In rhe evenc of toss.8anower shuii give prampt nuti��e w Qtr I��»tu�u�iae cat+ler and �
<br /> Lender. Lcnder may muke proof of loss if nat mud�promptly by Borrmver.
<br /> ��� Unleas L.ender urtd Batrower o3herwise agnee in writin�,inKurunc�proceedh shuN bc:uppNed tu�entomtion or repulr of �
<br /> ��'� the Properry damaged. if the restorntlon or repAir iR economically feugible and Lenderk security ig nai lessened. If the
<br /> restoratton ar rcpair is not economicully fen.gfble or LenderL secudty wuuld be Iessened, the inaurunce proceedx ahull be
<br /> �� ' applied to the Rums secured by this Secudry Instrument.whethe�or not then due.with uny excexs pu�d to Borrower. If
<br /> Borrower abandonR the Property,or dces not answer within 30 days u natice from L.ender thut the insurance carrier has
<br /> offered to settle a claim,then i.ead�r may collect the insumnce praceeds. Lertder mny use the proceeds to repalr or restore
<br /> the Prapurty or to pay sums secum,d by this Securtty[nstrument.wh�ther ar nat then due. The 30-day perfod will begtn when
<br /> ,.,��", the notice is given.
<br /> � '�-�.°r�'^�4 Unl�ss l.ender And Bo�rawer otherwlse agree in wrlting. any application of proceeds to principal shall not extend nr
<br /> ± ��,��`�,�':, `�j: postpone the due date of the monthty payments refemed to in paragraphs t and 2 or change the amount of the payment�. If
<br /> ' a" under paragraph 2l the Property is acquired by Lender, BoROwerfi right to Any inxurance policIes and proceeds resultln�
<br /> � ` �� �� � � � from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by thts Secudty ei-a
<br /> , � � Instrument immediately prior to the acquisition.
<br /> .L' �� . 6. Occupancy, Prexervadon, Maintenance end Pmtection of the Propertyt Borrower's Loan AppltcaUon;
<br /> • I.easehold�. Bormwer shall occupy.estnblish,und use the Property us Barrower c principal restdence within sixty days after � _
<br />-- - --•--- _-_= U�o oA�utiou�f th(s S�u�ity i�strum;.nt an�shalt cantinuc ta accupy thc Property as Borrower�pr�neiga!resideme for at _
<br /> least one ycar after the dnte uf occupancy, unlesa Lender atherwlse agrees in wr�ting. which consent rhali not be
<br /> . unreasonably withheld,or unless extenuatin�circumstances exist which are beyond B�rrr:•rc:k control. Bomower shall not _ _
<br /> r • destroy,damage or Impair the Property.allow the Prapeny to deteriorute,or commit wuste on the PropeRy. Botrower shall —
<br /> � � � be in default if any forfettum action or praceedin�,whether civil or criminal.is begun that in[.ender�s good faith judgment
<br /> could result in forfeiture of the Property or otherwise muteriuqy impuir the lien created by this Secudty Instrument or �
<br /> Lender�s security interest. Borrower may cure such a default and reinstate,av provIded in paragraph 18,by causing the action
<br /> , or proceeding to be dismissed with a ruling that,in Lender:s good fnith determinution,precludes for�elture of the Bornower's =
<br /> .. intec�est in the Property or other matcrial impairment of the lIcn cre�ted by this Security Instniment or Lender�s securiry —
<br /> ' •• , . interest. Bomower shall Also be in default if Borrower, during the loun applicatton process, gave materially false or
<br /> � inaccurate information e;�iai�n►cnts to L.endcr tor fniled to provide Lender with any matedal information)in connection wlth
<br /> " the loan evidenced by the Note, including. but not limited to, representutions concemin� Borrower+s occupartcy of the =-
<br /> - — , i'r�perty as a principa=rc�i�cncc. !f ihi:;Security lnssrument is on a lensehold,Borrewer 4he1!c�mJ+ly with al!thP�+m�ision� !��
<br /> pf the lease. If Borrower nryuires fee titte to the Property,the Ica+chold und the fee title shall not merge unless Lender Agrees
<br /> � �� - to the merger in writing. ____
<br /> " ,. 7. Protection of I.ender's Rights i� the Property. If Borrower fails to perform the covenan�e sind ngreements --
<br /> � contained in this Security Instrument, or therc is u legul proceeding that muy sign�ficuntly uffect Lender's rishts in the �
<br /> , � Prope�ty(such as a proceeding in bankruptcy,probate,far condemnntion ar forfeitum or to enforce luws or regulations>.then
<br />� � .. .. � � I.CIIt1Cl Ulit l�U tllll� a fur wliatevcr i.nece+sa (u'it�ii��,i t,i� �uiu�vi i,i�. i i�jti,i� w�u i.�iS�Ci i tigti:.°.:i.:.�:C .ni'O`�^SZ'j. �.'.`
<br /> Y P Y n' f
<br /> � l.ender's uctions may include puyin�any sums sccureJ by u lien which has priority over this Security Instrumenb appearin�
<br /> , in court,puying rensonable attomcys'fecs and entering on the Property to make repair..Although Lender may take action
<br /> • under this puragraph 7,Lender dcxs not have to do�o.
<br /> Any amounts dis6uned by Lrnder under thi.pnragruph 7 ,hall txcome additional debt of Borrower secured by this
<br /> Security Instrument. Unless Bormwer and Lrnder agree tc���thrr t�nn.i�f paymcnt,these umaunts shall benr interest from the
<br /> fdAte of disburxement �t thc Notc rsstc und shall bc puyable, with intcrctit,upon natice from Lender to Bonower requestin�
<br /> payment.
<br /> - � 8. Mortgage Insurance. If Lender reyu�md mortguge insurnnce ati a condition of making the loan secured by this
<br /> Security Instrument, Borrower .huU puy the premiun�s required to maintuin thr mortgage insurance in effect. If,for any
<br /> ' • reason, the mortguge inwr�nce coverage rryuircd by l.ender lap.es or ceuse� to be in effect. Borrower shall pay the
<br /> - � pcemiums rcquircd to obtuin roverage �ubstantially cquivulrnt to the mongugr in,uruncc previously in effcw:t. at u w�t ,
<br /> substantiully eyuivulent to the co�t to Bnrrower of the mortga�e in�urance previou+ly in effect, from an altemate mortguge
<br /> ' insurer approved by Lender. 11'>ub,tantially eyuivulent mortgagr in+urance cewrrage iti not uvailahle,Borrower shall pay to
<br /> Lender each month u.um cyuat to uix:-twcltth of the yearly martgagr insur:uue premium bcing paid by Borrower when the
<br /> insurance cnverage lupxed�tt reu+ed to ix in rffrct. Lender u�ill arccpt.u+e und rctuin the+e payment.sti u lo,s mserve in lieu
<br /> of mortguge inwrancc. Loti�rcurvc pa�•mrnh may nn longrr bc rcyuired,at thr option uf Lrndcr, if mortgage insurnnce
<br /> ' coverage(in the amount und for thr�xri�xi that Lrndrr rcyuir�v providcd My un in.urer appmvrd by Lender aguin becomes
<br /> available und is obtuined.Borrc�wer .hall pay thr pRmium.myuired ta maintain mongage intiurance in effect,orto provide u
<br /> loss reservc,until thr rcyuiremcnt ti�r mon�uEe i�i.ur:mrc�nd�in acrordance��ith.my writtrn agrccmcnt t+etwecn Borrower
<br /> and Lendcr or applicabl�la�v. ,
<br /> • 9. Inspectlon. Lender��r it�agcnt muy mal�c rcawnahlc entric.u�xm ancl in+Ex�tii�m of the Property. I.ender+hall
<br /> i' ' ivc Borrowcr noticc at th�timc of ur nur tu;m in+ uiim� �if in�rra.nnublc cau.r 1'or thc in. �tii�n.
<br /> � � P � I'�' I'�' )' L� Ix'
<br /> , 10. CondemnAtion. Thc pmrcc�i,of any:i�card c�r rlaim tbr damagi+.dircrt or ronuyucntial, in cunnrction with any
<br /> timglr Fam�l��-Funnie\tue�Fraddic\ti�c[VIFOR�IIXSTNI�1E\T-•l'ndotm('u�enant. Vi90 ���der i„/n�ytx�y!
<br /> - ��rrat Liln Rurini+�Faa�.Inc-0
<br /> , tu�Nrc CpM�-AOfF5:4D9.'54:1:'YA%OIf.7pt4131 ,
<br /> �
<br /> ' I
<br /> .` ,
<br /> � f
<br /> �
<br /> i
<br /> ,.� .
<br /> ', .
<br /> 1
<br /> ' -_�6_ __-__. .. .
<br />
|