|
-_ _ _ __`^•
<br /> _ � _ _ __ _ _ ___. �.,�.� .
<br /> T�� . -_" ._�..�I`.�;� � 14., P . ., � ' `Y
<br /> � �
<br /> i �. �
<br /> � .
<br /> __"p �, - . .- . . ., _"_' ._
<br /> _ . . _:.
<br /> .'.S - � .- . ':�. '_
<br /> -�� .� " � ' _ .... . _-_ _ __' "
<br /> _��t� . . ..' ___'_—"—__ —____—�__" _ '_____ ___'_. __'_______ ._ . _.—'_._"._'__.__.
<br /> ._ �__ ._ �..�.�JL_�.ari� � ` . „
<br /> � .�- - - -` - � S�� , .a..
<br /> -•• p�dodg thnt Gendcr requires. 'llie insurunce carrter pnovtding the insw�uice shall lsr;chosen by Sotro O oub cct tn Lcn6crh
<br /> ��— = appravel which ahall nat bc unreasonably wIthhold. If Aorrowor fsils to maintain covemge descdbed abo�o,I.ender mny,at
<br /> - • Lenderh option,obtain coveraga to protect l.ender's dghts in tha Pmperty in axardence wIth peragraph 7.
<br /> All�nsurance policies and renewals ahatl bo acceptable to Lender end sl�all Include n standard m4ngage clauise. Lender
<br /> ehall huve tho right w hold the pollcies and renewals. If Lender cequirea�,Barrower shall promptly give to Lendor s11 cecCipta
<br /> . of pald pnmiumn end nnewa!notIces. In the event of loss,Borrower ahal!give prompt nadce to the insurance canier uid
<br /> Lender, l.ender may mnke proof of lass if not madc prampdy by Barrower. _
<br /> Y�---^---- ---� Unless Lender and Horrawer othenviso ogrco ln �vdttng,insurance procceds sAall be applieQ to rcswtution or rcpa�r of '�
<br /> the Amperty durnaged, if the resto�etIon or rcpair la economicaily feasiblo and Lender�s secudty IA not leasened. IP the
<br /> restomtion ar repuir is not economically fcasible or Lenderi�security would be le.9sened, the Insurunce proceedR Rhall be
<br /> ,. applied to tho aums secursd by thie 3ecurity Inauument, whethcr or not then dud,wlth any oxccss puid to Borrower. If
<br /> „� .� Bonowcr nbnndons the Property. or dces nat nnawer within 30 daye a notice from Lendcr that tho lnsuranco cnr�ter hos
<br />_ •' offercd to r.ettie a clsim,then Lender may coltect tho ineuranca prac�eds. Lender muy use the proceeda to reprilr or reston
<br /> � tho Property or to pay Rums secured by thia Secudty insaument.whether or not then due. The 30-day perlod wil!bag(n whon
<br /> --•,�?' _ thc naticc ia givan.
<br /> n4� Untexs Lcndcr end Borrower ad�erwise ogrec in writing.any appltcntton of proceeds ro principal shall nat extend dr
<br /> postpona the due dste of the monthly paymentx refemed to in paragraphs 1 and 2 or change the amount of the puymente. If
<br /> � under pAmgmph 21 the Property is acquired by Lender.Bon+nwer's right to any insurance policies and proceeda resulting
<br /> - from damage ta the Property prior to the ucquisition shall pnss ta Lender to the extent of the sums secured by thts Secudty
<br /> Instrument Immediately prtor to the scquisidon.
<br /> 6. Ouupancy, �reservation, Matnteaance and Protection ot the Property; Boprowec's Loan Appltcation;
<br /> �• L.easedolds. Bono���er shal!occupy,establl�h.and use ihe Property as Bormwer's prinstpa!�rsidence wIthk�s3xty duya atier �
<br /> -- — � • ihe execudon of this Security Instnunem and shnti continue�o occupy[he Propeny es Borrower6 principui residertce for a[ -
<br /> � ..��, ;� least one year after tha date of occupancy. unless I.ertdet otherwiae agrees in writing, whlch consent shall not bes
<br /> ' �� ' ''�' unreasonably wIthheld,or unless extenuatln6 circumstances exist which are beyond Barrowor�s wntrol. Borrower shall not ._
<br /> ''' `'.� �;`;�aT"� destro ,dema e or im air the Pro
<br /> .T,���,�;� y g p perty.allow the Ptoperry to detedorate,or commit wastc on the f�mperty. Borrower shsill
<br /> �'••�•° .7:�"'`��� ' be in default if any forFeiture acdon or proceeding.whether civil or criminal,is begun that In Lenderh good faith judgment
<br /> �.�,.'. ' ,.:� �` could result in fort'eiture of the Property or otherwIse matcrIally Impair the lien created by this Security Instrument or
<br /> ��.� . '�{`''�`'��;�'�� Lenderh secw9ty intereat. Borrower may cure such u defnult and reinstate,as provided in paragraph 18,by causing the setion —
<br /> ar proceeding to be dIsmissed with a ruling that,in Lender!�good faith det�rmInatiun,precludes forfeiture of the Borrowerh =-
<br /> �� �" ,�.. �� lntcrest in the Property or other matcrIai impairment of the lien created by this Secudty Instrument or Lender's secudty —
<br /> �'�' ' . interest. Borrower shell also be in default if Bomower. during the loun applicadon process, guve materiulty false or
<br />• S, inaccurate Informadon or statements to I.ender(or faUed to provide Lender wIth any material infarmatIon)in connecdon wIth
<br /> the loan evidenced by the Note, including, but not fimlted to, representatlons conceming Borrower�s cecupancy of the
<br /> , �
<br /> � Fn�perly a.r u principai crxidrncro. [i'ihi�Sccurity Insicumeni is on a te:wehoId,Bvrrower shall compIy with ali Ihe provisions '
<br /> „ �� . of the lease. If Borrower acquires fee title to the Property,thc Icaschold nnd the fee dtle shell not merge nnless l.ender agrees
<br /> to the merger in wdttng.
<br /> ' � ?. Protection ot I.ender's R(ghts tn the Property. If Borrower fails to perform the covenants and a�re,ements `
<br /> . contained in this Security Instrument. or there is u legal proceeding that mny significantly affect Lender`s rights In the ft,:;
<br /> Property(such as a proceeding in bnnkruptcy,probute. for condemnution or forfetture or to enforce It►ws or regulationsj,then ��
<br /> �� Lender muy do nnd pay for whutever is necessury to protect the vulue of the Property and Lenderk rights ln the Property. •..
<br />__ Lender�s actions may include paying uny sums secured by u lien which has pdorlty over this Security Instrument,appearins •
<br />- in court,paying reasonable attomeys'fees and entering on the Property to make repairs.Although Lender may wlce action �t�
<br /> � under thts parasraph 7,Lender dces not havc ta d�so. '� '
<br /> ' ' �� Any amounts disbursed by Lender under thts parugrnph 7 shaU become additional debt of Borrower secured by this
<br /> ' „ " Securlty Instntment. Unless Borrower cuid Lender ugree to other tertns of payment,these amounts rhall beur interest from the
<br /> '� date of disbursement at the Note rutc und chull be payuble,with interest,upon notice from Lender to Borrower requesting �
<br /> �� , � payment. �
<br /> 8. Mortgage Insuranee. [f Lender myuired mongAge insarunce as u condition of muking the loan securcd by th[F
<br /> Security Instrument, Borrower shaU pay the pnmiums required to maintuin the mangnge insurance in effect. If, for uny
<br /> ^ t+euson. the mortgage insurance coveruge rcyuired by Lender lapses or censes to be in effrct, Borrower shul! puy the
<br /> _ . premiums reyui�+ed to obtain cuverage substnnauity equivulent ro the martgu�e insurunce prcviously in effect, ut u cost
<br /> 1 . substuntiaUy equIvalent to the cost to Borrower of the mortgage inxurunce prcviously in effect, from un uttemute mortgage .
<br /> insurer approved by Lender. [f tiubstantially eyuivalcnt mortguge in,urnnce coverugc is not uvuiluble,Bormwer shall pay to
<br /> Lender each month n sum equal to onc-twclfth of the yearly mortguge insurance premium tx:ing puid by Bormwer when the
<br /> insurunce covernge Inpsed or cenzed to be in eff'ect. Lcnder will uccept,use und retain these puynunt,:�.,u los,rc,erve in lieu
<br /> • of moRgage insurance. Loss reurve payments muy nci longer be reyuircd,ut the option ot'Lender, if mortguge in+urunce
<br /> . „ coverage(in the amount nnd fnr thr period thut Lender rcyuires>provided by un in+urer upproved by Lcnder uguin becomes
<br /> ' ° •• uvuilable attd is nbtuined.Bontiwc:r shull pay thr premiumx rcquired to maintuin monguge insurunre in effect,or to provide u
<br /> ` loss rcscrve,unti!thc rcyuircmcnt far mimga�c in,uruncc cnd.in acmrJancr with any w•ritten agrccmcnt tktwecn Bormwcr
<br /> , • nnd Lender or upplicnble luw.
<br /> ' , 9. Inspection. Lendcr or its agcnt muy mukc rcawnablr rnnirs upcm und in+pertiun.i�t'thr Pra}xny. Lrnder shall
<br /> ' ivc Borrowcr noticc ut the timc of�r nor to un ins c,tion. �if m�masonahlc cuu�r ti�r thc inti �tion.
<br /> � � P� Ik' P�' Y� b {x'
<br /> 10. Condemnation. 'I'he prcxerd.cif uny aiwurci ur ciuim for dumuge+,dirert or cun+cyu�nti.tl, in runncrtiun with uny I
<br /> i
<br /> Sing�eFamily•-Funnlc�iac/Freddir�lacl'%IFON�11Vti1'Rl'�tF.�"f •t'mGmnC�nrn:wt. Yi40 i�n�.tr?.,/b�ti�¢r.i j
<br /> - .. �:Ra Intra Arour,v Cam�.tni ■ I
<br /> r���mxr r.an tau�ur;uFUa��.�•:t•e���t�mtaiat �
<br /> � f
<br /> 'R
<br /> 'L_ ._ _ . • ""'..-...._..
<br /> �
<br /> .. . � � � i
<br /> � I��
<br />.. � t, .
<br /> � '.
<br /> .I i � ..
<br /> �
<br /> j �• . .
<br /> . � ,
<br />
|