|
. .Y.� - �-
<br /> . _..�n �.�..
<br /> _..w _
<br /> m. �..�..�_ . ..
<br /> -�". :• . .. . • , „ ��
<br /> -- �=--
<br /> -... � . . ����+ q,r����� . --_. — --. ._,_ _ . • ...._. ..._ ---. __._
<br /> ���� . � .. . j� �� . • . ' ' ,� �� - -° _
<br /> . , .
<br /> ,. .. . --
<br /> . , ���,,,,,,�, _ . __ _ —
<br /> - - -
<br /> , . ....,.•.'YIM�1�xLRN'... F _. . —_
<br /> ....__...�.:�..w�ra�rsr I � �'.•� u.__._.. � . •• ., .•
<br /> ._. -. .... ..,.__.._
<br /> . I, . _ .. . .._._..._. .
<br /> .. ._""".,..a..u��I w
<br /> ..-:..�a��_
<br /> _ _--� �
<br /> ' �r,��r .,••' ' perlode that l.ender mquiras. The insurance eurticr pmviding the insurance shull be cho�r�do�ow��fi�c ��nderh `� --
<br /> ' •. .,-,�. opprovnl which �hal l not be unre�.sonably withheld. If Horrawcr fuils to maint�in coverage de.scrlbcd nbave.Lender muy.ut ��-__ �� " -:°`
<br /> ,'�' Lendcr6 option.obtain covernge to protect[.enderk rights in thc P�mperty in accurdunce wlth puragraph 7. — ~-_
<br /> - y ' t�.'�';;p All lnsurance policies and renewals ehall be acceptablo to Lender und xhatl Includo a stwtdard martgage dau�se. L.ender �.^-
<br /> ����''��'�'�'��^~; ahall huve the right to hold the policiea and renewals. If l..ender requims,Borrawer shnU promptly give to Lender atl receiptx ___._
<br /> �'w�"���Z�;; ..,.��� of paid premiums and renewal nat3ceF. in the event af loss,Borrower xhull give prompt nodce to the lnaurunce carrlerarid �""_����
<br /> ,.�';�"��;!�"'.'� Lender. Lender may mako proof of loss if not made prompdy by Borrawer. �
<br /> _ ,:� ' " .1 Unless Lender und Borrower otherwise ngcee in wdt�ng,insurancc praceeds shall be npplicd ta restomtion or repalr of �µ� r�`�"""_- -- ,--__
<br /> "��t,;. . • the Property da�naged, !f the restoration or repalr ia ec�nomically feax�ble nnd l.enderk �ecudty ix not lessened. If the � -
<br /> , �`„ restornuon or repair i� not econamically feasible or l,ender4 securlty would bo Iessened.the insurance pror.eeds shall be t,,x __
<br /> ?, , ?` , ' applied to the sums secured by thiF Secur�ty Instrument, whether ar nat then due,wlth any excess paid to Borrower. If • '�u;��w�:�=�-
<br /> � .. _ Pe Y ; s:;.u`',''.:E';��:Y,T n--
<br /> .,, Borrower abandon.g the Pro Ry.or does not answer wlthin 3� da s a nat ce from Lender thnt the insurance cnRier hux °�
<br /> , offered to settle u clatm.then Lender ma collect the insurance proceeds. Lender may use the proceeds to repair or restore r`� •� -� �'
<br /> ' � the Property or to pay sums secured by th�s Secudry Instrument,whether or not then due. The 3a-day perlod wi(I begin when ' ...�;"y:-;`._w�=��
<br /> s•, '
<br /> . . . , the natice is given. .. . •,,� �.�:n•t._
<br /> Unless Lender and Borrower othenvlse agree in wdting,ar�y applIcution of proceeds to principal shaU not extend or • �. ' �:;�
<br /> � st ne the duc date of the monthl a ments refemed to in ara a hs 1 and 2 or chan e the nmount of the a ments, If � '''�'``:'.:.,•,r ,.+ __
<br /> P� Po Y P Y P 8� P S p Y ', n..-...:: ���. �_
<br /> �f ' under parn gra ph 21 the Pro p ert y is ac quired b y I.ender, Borrower's ri ght to an y insurance policies and proceeds result�n g . ,..,�.
<br /> from damage to the Property pdor to the acquisition shall puss to Lender to the extent of the sums secumd by thls SecurIty
<br /> Instrument immediately priorta the acquisition. 4 � � _,".;.��;;"�__
<br /> 6. Occupancy, Preservation, Maintenance and Protection of the Pruperty; Borrower's Loan Application; ,� ;;,_`-_"``"
<br /> Leaseholds. Boaower shell occupy,establixh.and use the Property ns Borrower's principal resldence within sixty days after '�„;s-•-
<br /> • •.
<br /> the execution of this Security In,trument and shaii continue to occupy the Property as Borrower's principst resiJence fur at � ' '�"��.::-�" �
<br /> -.-
<br />- -------`---�"`-� teast one year «fter the date of occupancy. unless Lender otherwise agrees in writing, which consent shaU na be ("-" -"- -7:���=""
<br /> unressonably withheld,or unless extenuating circumstances exist which are beyond Botrower's conuol. Borrower shall not •�'�,�„
<br /> destroy,damage or Impair the Property,allow thc Property to deterioratc,or commit wASte on the Property. Bonower shall ' ''� ��
<br /> . r, ` be in default if any forfeimre action or praceeding.whether civil ar criminal,is begun that in Lender�s good fuith judgment ''�,""'`��(,�``
<br /> could result in forfeiture of the Property or otherwise muter�ally impuir the lien created by this Security lnstrument or ;�;y,�-�
<br /> L.ender�secudty interest. Sortower muy cure such a default und reinstate,u+provided in purosraph I R,by causing the uction '. '•�.,.��,�
<br /> - or proceedjag to be dismissed with a rulin�that,in Lender ti good faith determtnution, precludes forfeiture of the Borrower's `� '
<br /> interest ln the Pmperty or othcr matedal impuirment of thc lien creuted by thix Security Inxtrument or I.ender's security '�z�'��
<br /> interest. Borrower xhall also be in defuult if Borrower, during the loun upplicution process, guve muteriully ful+e or - .', `",:
<br /> � inuccurate informutionorstatements to l.cnder(or fuiled to provide Lendcr with uny muteriul infortnution)lrt cannrction with ,�
<br /> , the loun evidenced by the Nate. including, but nat limited to, rcprcsentutions cunceming Borrower� �xcupuncy af the
<br /> Prope�rty a+u principul re+idence. If this Secur�ry In.trument iti on u leu�ehold.8orrower.rhull compiy with ull tlie prnvi�ions • '. °
<br /> _
<br /> --'—�--�-- of the icu.se. it Borrowcr acquire+fec tidc to the Propcny,thc icutichoid und the Icr uqc tihult not merge unles+Lender ugrcrti „ # ;'
<br /> tn the merger in wrhing. ,
<br /> 7. Prutection oP I.ende�•y RiRh�v tn the Pruperty. If &rrcciwer fuil.t� perfomi the crncnunt� und ugrecmcnts " ° ;
<br /> cantained in this Security Instrument,or thcrc is u Icgul prucecding thut may �ignificuntly uffect Lender's rightc in thc
<br /> " Property(such us u pr�xecJing in bunkruptcy,pmbute,for cundemnati�m or!'orfeiturc or ro enfurce luws or regulutionz),ihen
<br /> I.ender muy do und puy for whutcver is nec.yxury to protert thc vulue of thr Prupeny und Lender's right� in the Property. � � �' ;
<br /> I.cnder's actlonti muy include puying uny tiums ticcured by u licn which hux priority over this Securiry Instrument,uppeuring - �
<br /> in couct,paying rcusonuhlc uttorney,'fcr,und entrring on thr Prapc:rty to mukc repuirr.Although Lender muy tukc nction �
<br /> ' � undcr this parugrnph 7.Lcndcr dcxti not huvc to Jo xo. ;�
<br /> Any nmount�disbur,ed by Lender under thiti purugruph 7 shull become udditionul debt of Bonower,ecured by this � , ��•
<br /> ' Security]nstrument. Unlesz Bnrrowcr und Lend;r ugree to othcr tertn.of paymcnt.thcse amounts shull beur interest fmm the . � ' �
<br /> dnte of disbunemcnt at the Note rate:u�d�hall tx payublc,with intcrc�t, upon noticc from Lendcr to Borrower rcyuestin� ,� �;��:�
<br />-• payment.
<br /> S. Mortgage Insuraace. If Lender reyuired mongugc inxumnce u,u c�mJition of mukin� the loan secured by Ihis v,:`�'� �.
<br /> ' Security Instrument, Borrower xhull pay the premium� requireJ to muintuin the mortgu�e insunsnce in effect. !f,for any � "
<br /> • reason, the mongttge inwrunce coverage requimd by Lende� lup�r, ar cca,c� to be in effect. Borrower �hull puy the � , ,',�:.
<br /> premiums required w obtain coveruge subtitantiully ryuivulrnt to thr mort}:uy;e insuranre previously in effect, ut u cost � �
<br /> substnntially eyuivutent to the co+t to Borcower of the mortgage in+uruncr previou.ly in effect,from un ultemate mortga�e �' '� �" ��i
<br /> insurer approved by Lcndcr. If substantiuUy equivulcnt mortguge insurancc covcrugc is not uvailuble.Borrower xhull pay to _ ..•�
<br /> Lender each month a,um eyual tv ane-twclfih of thc ycarly mort�a�c in+uranrc premium bring puid by 8orrower whcn the � • " .
<br /> insurance coveruge lupsed or cea�ed to be in effrct. Lender will arcept,usr and retain the,r paymrnt.u,u lo,s rrtierve in lieu , �
<br /> of mortguge insurance. Loss rc.erve paymcnts muy ne�longer br reyuirrd.ut thr option of Lendrr, if mongagr in.urance I
<br /> � coverage tin the umount and f'ar the period thut Lender reyuire.�pmviJed by un imurrr upproved by Lender uguin(x�came�
<br /> nvuilable autd ix obtuined.Borro�ier�hall pay thc prcmium�mquired to muint.�in mortgagc in.uruncr in effcrt,or to provide� .
<br /> loss reserve,until the rcquircment ti>r mort�uge imurunrr endti in accordance�cith uny written agreenunt txrtween Borruwcr �
<br /> and Lender or applicublc law.
<br /> , 9. Inspection. Lender or its agent muy mukc rca�onublc cntrir.upun und in.pcction.of thr Proprny. Lendcr tihall ' '
<br /> givc Borrowcr noticc ut thc timc of or prior to un in.pcction tiprcifying rcationaMr rc�u+r titt thr im�xction. �
<br /> 10. Condemnatlon. Thc prcxecd.ot'any awurd ur rluim li�r dc+ma�r+,dirert ar comcyurnlial.in runncrtion uith any ,
<br /> ' tiin�k I:sm��c--Fannie�fadFrcddic�tucl'Vlb'UN�I l\ti'iRl\1F.V'1'..1 ndunnC��.en.mt. Y,40 �p,��r.i,qn�,,ir,v� ;
<br />- orc.d ItiW Hminrs�Panm.Inr �
<br /> � T���MN•r�all 1�11�65:bASB3.J YA%NIM741�II:f 1
<br /> , s,
<br /> ., ... ..... .
<br /> ;
<br /> i �
<br /> . 1'
<br /> • �
<br /> r
<br /> ��,
<br /> i
<br /> :. ;
<br /> • ,
<br /> . i
<br /> .
<br /> ► _ � _ _ J '
<br />
|