|
. ,.a.T:tlififh���r�� 7 i i. 1 I.�ur ;�i 1 i . .. .,, . "�{;.;:i �'^ ' ..
<br />. �. ��r,. '�{k' . _�'� ��.1� `i r��r�l- iS t'- ..
<br /> . . • �, . -!.}�:..�; - 1.'.: ,
<br /> - . ` a�_-r� AQi+# •- - . ..�/r` .. �� ' .. . . ..
<br /> 4v' , I��,!. - ,. ' . . , .. , ., ' �.:-�. :rn �� ,
<br /> ,
<br /> �r , .
<br /> „ .
<br /> . �
<br /> ..:�l. �.aq.. . . .n..nu 11..: / ,j .. ... .' . % , . . ... . • . ., ' _ .�+°'a(�r;
<br /> . , -rv
<br /> . . , .__..� .
<br /> .....d.y.n ^A�wir.oN-�..��_-.�_.�..�.4��_. .,�._ ._.,....._»--�—'......—._. ._ _ _....... .__._
<br /> - .....r__ •L� _"/d...o.......�-._...�............._�___..._.._. " �..'�e..
<br /> , , f�� . J ,f�����.'����'. �1
<br /> � periods t7�at Lendcr rcquires. The insurmicc carricr providin�thc insuranc�shidl hc choscn by l�oreo�vcr SuUjcct to Lcndcr's•
<br /> . .�p�rc vnl which sholl not bc unrcnsonnbly wiihheld. If Burruwcr fuils tu maintain covcra�;c dcscril�cd�dwvc, L.4nctcr may,ut
<br /> Lender's vption,obtnin cuvern�c to protect Lender's ri�hts in the Property in nccardnnce witti paragraph 7.
<br /> . Alf insumnce policies and renewals shall he ncceptable to L.ender and shnll include i►stunclard mortgnge elautie. Lend�r
<br />' shall havc the right to hofd thc policies nnd renewals. If Lendcr rcquires,Rorrower shnll ptnmptly give to Lendcr nll reccipts
<br /> •• • af paid premiums amd rencwal noticcs. In thc event of loss,Borrowcr shaU givc prompt noticc�o thc insurcince c�nier nnd
<br />- ' Lcndcr. Lcndcr may muke proof af loss if nat mndc promptly by Bonowcr.
<br /> . Unlcss Lcndcr and 9orm�ver nthenvile n�rcc in writin�,insm•aisce pr�cccds shall�c npplicd to restor�tion or rcp�ir oS
<br /> �:� ." " , the ProQerry damngcd, if the restoratinn or repair is economlcally fensible und I.c�ider's• security is not lessr.ncd. If the
<br /> restoranon or repair is not economicully fcasible or Lender'� secunty would be lessened, the insurnnce procecds shall be
<br /> applicci tu the sums sccured by this Security instrument, whether or nat then due, with any excess paid to Borrower. If
<br /> •� Bonower nbandons the Property,or doe_,not lnswer within 30 days a notice from Lender that the insurunce carrier has ,
<br /> •� offered to setNe n clnim,then Lender mny collect the insurance praceeds. Lender may use the proceeds to repair or restore
<br /> �, thc Property or to pay sums securcd by thes Sccuriry Instrument,whether or not then duc. The 30-day period will begin when
<br /> • ' the notice is given. f •
<br /> Unless Lendcr and Bortower otherwisc a�rec in writing, any ap�lication of proceeds to prii�cipal shall not extend or
<br /> postponc the due date uf the monthly paymenGs referred to in par�graphs 1 and 2 or cliangc the ar:iount of the paymcnts, If 4„�
<br /> under paragraph 21 the Propeny is ncquired by Lcndcr. Borrower's right to any insurance policies and procecds resulting "�•:
<br /> � from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security _
<br />_ lnstrument immediately prior to the ucquisition. ?�,{��
<br />- 6. Occupancy, Preservatton, Malntennrtce and PROtectton af the Property; Borrower's Loan Applleutlon; �`�
<br /> ._._�.
<br />_ Leaseholds. Borrower shall occupy,establish,and use the Praperty ns Dorrawer'.s principal residence within sixty days after =_
<br /> ' � the execution of this Security Instrument and sha�l continue to occupy the Propeny as Borrowcr5 principal resideRCe for e�t _____
<br /> least one year after the dute of accupancy. unless Lender othenvise agrees in writing, which consent shall not be =-.-_--
<br /> unreasonably withheld,or unless cxtenuating circumstnnces exist which a�•e Ueyond Borrower s control. B�rrower shnl!not ___
<br /> desaay,damnge or impair the Property,allow the Property to deterioratc,or commit waste on the Property. Borrowcr shall ar�...
<br /> be in default if any forfeiture action or proceeding,whether civil or criminal,is begun that in I.ender's good faith judgment
<br /> „ could result in forfeiture of the Property or othenvis� materially impair the lien created by this Securiry Instrument ur �,-,
<br /> . J.ender�security interest. Borrower may cure such a default and reinstate,as provided in paragraph l8,by causing the action _�r�.�
<br /> . � or procceding to be dismissed with a ruling that,in Lender's•good fuith detem�ination,pre.cludes forfeiture of the Borrower's .r,� „
<br /> interest in the !'�•operty or other m:�terinl impairment of the lien created by this Secunty Inswrnent or Lender's secu►ity
<br /> " interest. Horrower stiall also be in detault if Borrower, during the loan applicaeion process, gave muterially false or ..
<br /> �� inaccurate information or statements to Lender(or failed to provide Lender with any materiul information)in connection with
<br />" � � the loan evidenced by the Note, including, but not limited to, representations conceming Borrower's occt�pancy of the
<br /> _ Proaerty as a princival residence. If this Security Instrument is on a leasehold,Borrower shall comply with all the provisions _
<br /> of the lcase. If Borrower acyuires fee title to the Property,the leasehold and the fee title shall not merge unless i,ender ag�es
<br /> ..-_
<br /> ' to the merger in writing.
<br /> , 7. Protection of Lender's Ri�ltts In the Property. If Burrower fails to perfortn the covenants and agrcemen3s
<br /> „ contained in this Security Instrument, or ihere is a legal proceeding that may significantly affect Lender's ri�hts in the
<br /> Property(such as a proceeding in bankruptcy,probate,for condemnation or forfeiture or to enforce laws or regulaudns),then ---
<br /> ; Lendermay do and pay for whataver is necessnry to protect the value of the Praperty and Lenders rights in the Pruperty. .°_._
<br /> � . LendPr�s actions may include paying any sums secured by a lien which has prioriry over this Security Insuument,appeann�;
<br /> in court,paying reasonable attomeys't¢e,and entering un the Property to make repairs. Although Lender may take action --
<br /> ' under this paragraph 7,Lender does not hsve to do so.
<br /> ` �� Any umounts disbursed by Lender under this pazagruph 7 shall become additional debt of Borrower secured by tltis •-
<br /> , ` ' Security Instrument. Unless Bormwcr cnd Lender a�ree to uther tcrms of payment,tliese aniounts shall bear interest from the =
<br /> date of disbursement at the Note rate and shall be payable,with interest, upon noticc from Lender to Borrower requesting
<br /> . payment.
<br /> 8. Mortgase Insurance. If Lender required mortgage insurance as a condition of makin�the loan secured by this _
<br /> • Security Instrumer►t, Borrower shall pay the premiums ��equired to maintain tlie mortgage insurance in effect. If, for any
<br /> � reason, the mort�age insurance cover�ge reyuired by Lender lupses or censes to be in effect. Borrower shall pay the
<br /> ., premiums required to obtain coverage substantially equivnlent ro the mortgage insurance previously in effect, at a cost �':�:.••
<br /> substantially equivalent ro the cost to Borrower of the mortgage insurance previausly in effect,from an alternate mortgnge r"�`
<br /> ��� • insurer upproved by Lender. If substantially equivulent mortgage insur.vice covernge is not available,Borrower shal�pay to --
<br /> Lender each month a sum cqual to onc-twclfth of thc yearly mortgage insurnnce premium being paid by Borrower when the �__ _
<br /> � insurance coverage lapsed or ceased to be in effect. Lender will accept,use and retain these payments:�s a loss rcserve in lieu __,_
<br /> of moegage insurance. Loss reserve p.ryments may no longer be required,at the option of Lender,if mortgage insurance �T
<br /> coverage(in the amount and foc•the period that Lender requires)provideJ by un insumr approved by Lender again becomes �`.?::�
<br /> � �� availuble and is obtained.Borrower shall pay the premiums required to maintain mortgage insurance in effect,or to provide a �;;'�_;
<br /> � loss reserve,until the requircment for mortgage insuranee ends in accordance with any written agreement between Borrower
<br /> `•' " and Lendcr or lpplicable law. Y
<br /> � „ , 9. Inspection. Lender or its agent may mnke reasonabtc entries upon and inspec:tions of the Property. Lendcr shall '��
<br /> ., give Borrower notice ut the time of or prior ro an inspection specifying reasanuble cause for the inspecuon. •
<br /> � . � 10. Condemnation. The proceeds of any award or claim for damages,direct or consequential,in connection with nny -
<br /> Sin�lc F.imily--Fannle MnclMYeddte Mac UNI�ORM INSTRUMENT-•Unifurni Covenants 9/90 fpnge 3 of6 pax�'yl
<br /> ' � � rnat INro 6uslnms Gcrtns,Inc.A '
<br />� � . Ta OrtfaCUtl:1�80UG309989 O PAX 618�7814131
<br /> i �
<br /> t . - ��-^----�-- -.-�--'-•-•-- �------"—'-- . --._._.._...,-..�.-�... -- -- .
<br /> t •
<br /> .
<br /> .. . , .
<br /> . . - - -• � � , ,
<br /> , � . , _
<br />-� . - - � � ' .. � ' �
<br /> _ ._` -__' .-°_- �� - � - - --- -- - --
<br /> ��L � �-.r -- ---._ .-__ -_._--- -.... .- - - --. _ .._ _.__ �-� - ---- -- ----� .. -
<br />
|