|
-� t . ' . -� . ,. i. . `�: c:,. . . - : . .
<br />, _ ''r���.=�� a . K�1 �. r } ` . . �,J.11 . } ._ . '" ,., t. G� � ., - .,,�?�t
<br /> �r r i ..;j �` _ ' . i ' ! . .� '`. .c` , � , E . . .. ".t���Jy��� •• t
<br /> � ' . '. �. `. ' ti' `'4 _ . � . _ ' C`. _ ' - . . " � 2' pM[P'..1 �
<br /> YA • t - �. t�� . _ t� a - -< t< �t. ' . � , . C �} < -
<br /> '� ' _S �4 t �� . < - 4€� . - ,� � . , c., - ,4 ^ ` - _ t � • ,
<br /> . (` � � . . �' V . .. � . � �� . . . . .. ,. {. � �' � ��
<br /> �i,c .. ' . � . . [!� t . �G � � � . - � `a��' • • . a P .. .. �` ,�Y r� ��<� ' � (� �
<br /> _ " . .n 4 . � .,. .. � . `_� . , . < ✓( �r,r'. 't�
<br /> `.� t � � r- _ . - �z?-..
<br /> .,
<br /> ''�f . c �-_ 1' S . .C-i.`c ..J . • � ��� .if .� ��.aa�C..�.�t 1..�. +..v-- �.
<br /> r�� � < i ,, " '. " ' � ' � 't .
<br /> -�Y.fi� ` i ' j � � � � ' � f a.�.�
<br /> � ? n `'' � ' ' .i�4= ��3� ..���� r� �_
<br /> �t . �`�. .. . � , , . .:,ir`�1j`�`
<br /> •' c . periads that Lender iequires. 11ie iiuucaar�e c�riet proyiding th�i�ts�u�aoe shalt be chosen by Bor�wec subject to I.ea�der�s ' i•+ F f :
<br /> `��`. .' �. � f IIpj)fOYSI WIIICII S'J!?�I IIO2 If@ UIlIE350IIaI1S�1,withlie2d. If Borrowu fails to maintain coverage desrn'bed a6ove.Lendes may:at , `
<br /> . r.:. <; '��
<br /> • •• . • Leader�s option.o6tain coverage w pmtect l.ender�righu in the Property in accordance with paragraph 7. :- s�>.?--=
<br /> _.:•1 pll insivance policies and cenewals shall be acceptable to Lender aaA shall include a standard mortga�e clause. Lender `�K:.�
<br /> � "-} - . shaU have the rig6t to hold the policies and ceuewats. If Lender requires.Borrower shail promPUY B►ve w Lender aU r�eipts .
<br /> • . � of paiQ p�miums aad renewal notices. I n t he event o f iuss.Borrower s h a l l give gm m p t n o u c e c o t#t e i n s i u s n c e c a c r i e r a a d �•� _
<br />-. � < < � L.ender. Leqder may make proo�of loss if not made prompdg by Borrower. , •
<br /> ��;�-
<br /> ` • Us�less Lender and Bonawer o�lterwis:agree in writing.inswaace praceeds shalt be applied to restoratIon or regair�of , �`_'--�.�-�.
<br /> .- - .: .�.; f the l�roperry damaged, if the restoration or repair is economically feasible and Lender's security is rcot lessened. If the. �°�_-_----
<br /> , • . �.,� testoration or repair is not economicaUy feasible ar Leader's secwity�+ould be lessened,tfie iasuraace graceeds sJ�aU be �.���__-
<br /> a.pplied to the suins secured by d�is Sec�uity InsUument,whethes or not thea due.wiih any excess paid to Bonower' IE
<br /> •� � . . � . � Borrower abaadans the Propeity.or dces not answer within 30 days a notice fmm L.ender tbai the insw:�nce carrier das
<br /> �` ,,.�. `�• offe�ed to settl�a ctaim.then Leader may collect the insurance pmc�ds. Lender may use the praoee�s to repair or restore _—_
<br /> " x�'. • th�i�mperty or to pay'swns secuted by this Seeurity Instrument,whether or not then due. 'tYie 30-day penod will6egin when --
<br /> . ` the norice is given. � .
<br /> t;',�` , , � Unless l�nd,er and Borrower othen+rise agree m writing any application o�proceeds to principsl,shall not extend or
<br /> �� `, , postpone the due date of the monthly payments iefened ta in paragraphs 1 and 2 or change the amount of the payments. Tf
<br /> �.-.`, ..•` �� , �der paragrapb 21 the PmPenY u accluir�d 6Y Lender,Borrmwer's nght to any insw�ance policies and pmceeds�v16ng —
<br /> a.,••• .�' . . < i from datnage to the P¢opesty prior to the acqnisition shall pass tn Lender to the extent of the sutps secuned by this Sectuity
<br /> :;::f�°'. ,,� , � Ins�ent immediateSy prior to the acquisition
<br /> '�:';3: .._. :__.. �:•:.: . � 6. Occa�aac�s_PI�CS4tY3tl0II� M8ID�fi.^'..� BQfI PPOLL�OA O�Y�E �tOP214y,�Borr�wer'� � Appltcat[oa;
<br /> �`�'f�; ; �� •�;- ; --.,. '-��- - � - -I.�¢2dy;"-Borrovuer shalro�:�esfablisii.a.:.d ase the Pca�sty as R�o�►ovittErr's prinFipat nsidence c�"-�siaty day�uRer:. . . .
<br /> ° ' ' ` • the exscu�tion of this Secariry Insdr�*zent aad shall continue to�ccupy the Property as B"a��vera prutcipal r�sidence i�i'at .
<br /> ° , .' � . � least e�e year.after the date of occupartcy. unless Lertder eslierwise agtees in writing, which consent shall r::� be .
<br /> ��,:',; : anreas�aably withheld,or unless extenuating circumstances exist whi�b are beyond Bormwer's contral. Borrocver shaIl not
<br /> .„;.�.:- �".��.�� .;.-.., des�y:damage or impair the Property,allow the Property m deteriorate.or wmmit waste oa the Araperty. Borm�ver shall
<br /> ;:,:-,:;,;4'•: ,;-,.4:.','.- be in��aulf if any forfeitiue aaio�tr�prar,e�ding;whether civ�1 or criminal:is begun that in i.ender?s good faith jttdgmet�t
<br /> - � '.s,;.•r .: coutd�sult in forFeiture of the Pcoperry or othe�wise materially impair the lien created by this Security insns►mem or
<br /> . •• . ..: , � � Lender's security in�eresi. Borrower may cure such a default and ieiastate.as provided in paragraph lg,by causmg the action
<br /> � or proceeding to 6e dismissed with a mGng that,in Lender's g�d faith determ�nation,precludes forfeituie of�he Borrower's
<br /> . • � �� ... - a�terest in the P�operty or othet material impaimtent of the lien cr�ated by this Security lnstrument or Lender's security
<br /> � � ~ interes�� Borrower shall also be in default if 8orrower. during the loan application process, �ave matetially faisa or ' .
<br /> '' �_• inaccurate infonnation or statements to L.ender(or failed to provide Lender with any material information)In wnnection with •
<br /> ' . , � the ioan evidenced by the Note. including..�ut not timited to, representations wnceming Borrower's occupancy of the
<br /> • Property as a principal r+esidence. If this Security Instrument is an a leasehold,Borrawer shall tomply with aU the prove�ions ,
<br /> �•' . of the lease. If Borrower acqnires fee titte to the Property.the leasehold�nd the fce tiltc shall not mergc untess Lender.ngtees
<br /> � " � • . �- to the merger in writing. -
<br /> ' .Eh ?. Protection of Len�ee's Rtghts In the Praperty. (f Borrower fails to perform the covenants and ugreements
<br /> ' " " contained in this Security Instrument. or there is a tegal proceeding that may s�gr�ficantSy affect Lender's�ghu in the
<br /> � �. Property(such as a proceeding in banlwptcy.probate.for condemnation or farfeiture or to enfo�e laws or regulations),then
<br /> _ . ' Ixnder may do and pay for whatever is necessary to protect the value of the PropeRy artd Lender's rights in the t�operty. �
<br />_ ' , ` . I,ender's actions may include paying any sums secured by a lien which has priority over this Security Instrumen�appearing
<br /> � � in court,paying reasonable attomeys'fees and entering on the Property to makc repairs.Althoagh Lender may take action
<br /> • . '. ' undcr this paragraph 7.Lender dces not have to do so. ��
<br /> • ' • • Any amounts disbursed by Lender under this pamgaph 7 shall become additlonal debt of Borrower secured by this
<br />= � . �- '. . Security lnswment. Unless Bonower and Leuder a�to other terms of payment,these amounts shall hear interest from tAe
<br />' ':, � . date of disbursement at fhe Note rate and shall be payabte.with interes�ugon norice from Lender to Borcower requesting
<br /> ; . ' payment.
<br /> '� , S. Mortguge Insuraace. lf Lender required mortgage insurance as a condition of making the loan secured by this
<br />'�••� � � Security Inswment.Boaower shali pay the premiums required to maintain the mortgage insuranee in effec� If,for.any — --
<br />,';;•' ' mason, the mortgage insurance coverage required by I.endev lapses or ceases to be.in effect. Borrower shall pay the �,�,��a'
<br />'`,+� �._ ° � ptemiums mquired to obtain coverage substantially equivalent to the mortgage insurance previoasly in effect.at a cost ��_— -
<br /> - • . substandally equivalent to the cast to Hotrower of the mortgage insurance pteviousty in effect,from an aitemate mortgage -�— —
<br /> `�' ' ��� insurer a roved b Lender. if substandalt uivalenl rrtort e insurance covera e�s not availabte.Bomower shall a to '�� ='�;��
<br /> • PP Y Y I�[ P�S P P Y r��,;i .
<br /> ��'�`" ' Lender eacb month a sum eyual to one-tweifth of the yearly mortgage insurance premium being paid by Borrower when the '=�:�*�b_.•
<br /> - • ins¢rznce coverage lapsed or cessed to be in effetG l.ender will accept,use and retain these payments as a loss reserve in lieu '�-�:¢':��;
<br /> '. ,� , of morrgage insurance. L.ass reserve payrtents may no tonger be required,at the opuon of L.ender,if mortgage insurance � :
<br /> • cover�;e(in the amount and for the period that Lender requires)Qrovided f�y an insurer approved by Lender again becomes � • �
<br /> available and is obtained.Borrower shall pay the premiums required to maintain moRgage insurance in effect�or to provide a
<br /> �`•_�. � lass reserve,until the requirem'ent for mqrtgage inswance ends in accordance with any�rritten agreement between Boaower �
<br /> - -.} : .. � and Lender or applicable iaw. � �
<br /> a ', ,. 9 Inspection Lender or its agent may make reasonabte entries upon and inspections of the Property. l.ender shall ,.
<br /> ' '� " ,� . . give Borrower notice at the time of or prior to an inspection specifyin�reasonable cause for the inspectlon. . •
<br /> �'t'� � 10 Condemnatton. 71ie proceeds of any award or claim far damages.direct or consequential,in connection with any ,.
<br /> `;,'� '• : .. Singlc Famity..Faanle MaelFrcdGIe M�r U:VIFORM P,VS7'RUt1ENT--Unifomt Covenants 9/40 fyogeJ oJ6 po;qesl •
<br /> . . �it tctt�Bmm�Fam�.!n�■ .
<br /> � io0n'.rfCUIL•1�8G053a937J O YAt 81679t•1131 • �
<br /> - . ,
<br /> _ .; . , . . :1,1,' . . . ' .. . ... �.. . . , _ , _... .J� : , . _ . . - - :i,; . ... . • ' . .
<br /> � '
<br /> - . �::i,• ' � " . . . • . . � . ... ' , . . ..i: � . . . . .., .
<br /> . ., _. . , .. . . . ' . � ' . , . , ' . ' ' . . - � ' . , . - ,�� ,
<br /> �' , • � . . . . . . . .
<br /> „ __ _'...__ � .�..... • . '•
<br /> _ __"__ ' __..._. __. _.._. . � - �
<br /> .._ . .. . . . . �. . • . . . .
<br /> _ _. . . _ --.__-. -_•:�____ .___.—___--_ --___.. ' —_ -.. -_.— _- — —_- - _..-__— ._-_—_.. - .- __-`_-._ .__. ,
<br /> . �'___a"'�
<br /> �� . . . ... . . _ - . , . . . . . . _.
<br />. � . • . ' . � . . .i. . : . ' . _, ' . . . . . ', : ." .. ,. . _ - . ' i:' � ' , • _ _ .
<br /> � . ,..
<br /> �
<br /> .
<br /> . . .
<br /> '� _ ' . _' ' ... . . . . . .. . _ . . . . . .. .. . ... . .. . . - ' _ ' • . . _ � _._ _'__'. _.
<br /> . , •� . � .
<br />_. i.._ . . . _ . .. ' . �- . .. . . . . . . . __. ___. . _-_.__ _`. '_
<br />
|