|
i:'vl'..:�,w+ . . , .�. :,:;� .;.... •: . ,.
<br /> � �:�(si...� ..�,. .. �It•�1'c. ...`:ta5.q.y:�:.-:�': ,�,-i
<br /> ,;.;;:'+;�;?,��`,
<br /> . . • � . - ;:,,,�,•�•, .7, 4;s�.�. . •�,� ;�'•}
<br /> •,�
<br /> . - .. - .i. . �S ..
<br /> �l) • • , "!.'� r . . . . . ' � . , � . I ' " .. � .:. y
<br /> - . 4. .��
<br /> � ; , , ..:._— - _.. . . _. - -- -- ------- -- - -
<br /> . . .. ... _._....._.. _ . .. .. . . _ . - . .
<br /> � -- .. , . •• • , .. . . � _,;..
<br /> --�--- _... .._.--�- - -
<br /> _._ . .. . ............. . . ...
<br /> . " °
<br /> �� � � ��,��,44��� . - ..
<br /> �'� 4. Hirr. Flo�►d und Othcr Ha�.urd InsurAnce. Borrowcr shull insurc u!I irnprovcments on thc Pcoperty, whethcr now in � ••
<br /> � cxititcnrr or tiuhsrqucntly crect��J. �guimt any huturd�, casualtics, und contingcncicc. includin�;firc, for which L.cndcr requires
<br /> in�uranrr. Thi+ imuranrc .h.tll hc muintaincd in thc umounts unJ for thc pericds that Lendcr requirex. Bormwcr�hull altin .
<br /> ° . insurc all n�ipruvrmcut.u�t�hc Pruperty. u�ticth�r nu�+• in csistcncc or�uhtirqucntly.-r.ctrd.ugain�t lotiti by flu�ids to thc cxtcut , . : .
<br /> ' , - rcyuired by thc Secretury. Ali inxurancc �huU hc curricd with companics upproved hy Lendcr. Thc in�uruncc policies and uny
<br /> �� ;- rcnc�vulx shall bc hcld by Lcndcr und shull includr luti.puy�blc clauses in favor of,and in a for►n ucreptablc to,I.cndcr. ,.
<br /> In the evcnt of luss. Borrawer tihull give Lendcr immediate natice by mnil.l.c-nder may muke proof of losti if not made "
<br /> promptly by Borrower. Each insumnce rumpnny cuncerned is hereby authorized and directed to mukc payment for such luss ,;•
<br /> . directly to Lccndcr,instead of to Borrowcr and ta Lender jotntly. All or any part af the insurancc proceeds muy be applied by �,; ,,;�.;:,:
<br /> " ' Lender. at ith optian, either(u)to the reduction of tho indebtedness under the Note and this Security Instrumont, firsi to any �,
<br /> ° delinquent amounts upplled in the order in paragraph 3.and then to prepayment of principal, or(b)to the cestoration or repnir �� ,
<br /> � nf thu damaged Praperty. Any applirution af thv proceecls to the principal shc�ll not extend or pustpane the due date of the : .
<br />- � monthly payments which ure referred to in purngraph 3,or chunge the amount of such payments.Any excess insurnnce praceeds ,"' �',:*.';•, ,
<br /> uver an amount required to puy all outstandin�lndebtednass under the Note and th is Sscurity Instrument shall be paid to the , �
<br />- entity legally cntitled thereto. " '"'•t'�°"
<br /> .. - . '.-v.. --
<br /> .._;1`ih ti `
<br />.:_.:�G„ . . .
<br /> .�,,.�; In thc cvent of foreclosure of this Sec��rity lnstrument or othcr transfer of tiQe to the Property that extinsuishes tl�e � ° : •, ,,
<br />'�'';,•• ��,:•,,, indebtedness,ail right,title and interest of Aorrower in and to inaurance policies in force shall pass to the purchaser. - .
<br /> 5� o ,• ,; ,� ,
<br /> �• , 5. Occupancy, Preservation. Malntenance and Protection of the Property; Borrower's Loan Appltcatfon; ;;:: ?�r ,
<br /> �. I.easeholdc. Borrower shall accupy, establish,and use the Property as Borrower's principa] residence within sixty days after �':`��'t�`,'
<br /> � the:xecutian of this Security Instrument and shall cantinue to occupy che Properry as Borrower's principal residence for at least " • ---
<br /> � one yenr ufter the date af accupancy, unless the Sccretary determines this requirement will cause undue hardship fur Borrower, �,-
<br /> �' or unless extenuntin� circumstances ex'sst which are beyond Borrower's control. 9orrawer shull notify Lenders of any ,�,
<br /> • �� � extenuating circumstunces. Borro�ver shall not commit wuste or destroy,damage ar substantially change the Property or allow ' ��
<br /> � . : • .
<br /> . the Property to deter�orate, reasanable wear and tear excepted. Lender may inspect the Property if the Property is vacent or ..:..���
<br /> abandoned or the loun ls in default. l.ender may take reasonable aciion iu p�dca:t aizd preser�e such vacani ur ab�tdoaed
<br /> Property.Bonowar sha11 also be in default if Borrower,during the loan appltcatian process, gave materislly false or inaccurate : r �. ':•
<br /> information or statemenu to Lender(ar fuiled to provide Lender with any matedal inforn�ation) in connectton with the loan ° ,;`., �} :
<br /> ' evidenced by the Note, includin�, but not limited to, represenutttons concerning Borrower's occupancy of the Property as a : :r f '
<br /> principat residence. If this Security Instrument is on a lea.gefiotd. Borrower shall comply with the pravlsions of the lease. If e:;
<br /> � Bonower acqu[res fee titfc to the Prop�srty,thcs leasehold and fee title shall not be merged unless Lender agcees to the merger in �i
<br /> � writin�. `��,..?
<br /> "• 6. Ch�rges to Borro�ver and ProtecNon of I.enaer's RiAi�ts in the Property.Bonower shall pay all �ovemmental or ':
<br /> • . ., municipnt ch�rges, fines and impositions that are not included in pnragraph 2.Borrower shall pay these obligations on time
<br /> " directly to the entity which is owed the payment. If failure to pny wauld adversely affat I.ender's interest in the Property,upon �'" 7�
<br /> � �" '. Lender's requcst Horrower shall promptly furnish to Lender recelpts evidencing these payments. _� :'� �`
<br /> , � .,�
<br /> ��° - If Bonower fails to makc these payments or the payments required by puragraph 2. or fails to perform any other covenants ,;,;•."�,;,
<br /> ,"• and a rcements contained in this Securit Instrument.or there is a le al rocee�ln that ma si ni6cantl affect Lender's ri hts '''-���
<br /> S P 6 Y 8 Y 8 �,,,.;;'`"—---._.
<br /> g Y : .,;�z��..Y��..
<br /> - � in the Properry (such as a proceeding in bankruptcy, for condemnation or to enforce Inws ar regulations), then Lender may do : --
<br /> -� and pay whatever is necessary to protect the value of the Property and Lender's ragAts in the Property,includin�payment of • • -��.
<br /> ' ` tnxes,hazard insurance und other items mentioned in pamgraph 2. �" `
<br /> �� � `.�??�---
<br /> � :�;� -
<br /> ; " ' - Any amounts disbursed by L.ender under this paragrapL aLall b�;u�i�e an additional dcbt of Barm�+rer und be secum.cl by : �:�i:.'.�-�":_
<br /> ' • this Security Instniment.'fhese amounts shall bear interest from the date of disbur�ement,at the Note rate.aad at the option of . �
<br /> ' ' � � Lender.shall bc immedintcly due and payable. ''
<br /> � 7. Condemnation. The ptoceeds of any award or claim for damages, direct or consequentiel. in connection with any '';;;�.
<br /> condemnation or other uilcing of any pan of the Property,or for conveyance in plu�e of condemnntion.are hereby assigned and •�:�5 �
<br /> - � .� shall be paid to I.ender to thc extent of thc full amount of the indebtedness thut mmains unpaid under the Note and this Security � '�'"
<br /> Instrument. Lender shull apply such procecxis to the reduction of the indebtedness under the Note and this Security Instrument. .
<br /> first to any dclinquent amounts applia�l in the order provided in parugrttph 3, and then to prepayment of pcincipal. Any
<br /> ° " applieation of the proceeds to the principal shall not extend or postpone the due date of the mnnthly payments, which are �;: ,
<br /> .� . ' ��AINEi Popo 3 018 r' a.
<br /> . o
<br />_� , . ,
<br />_ • n
<br /> ._- -__-=�------ -° --_ -- -
<br /> ------- ---- -- �--� -- ----- --�- �-
<br />- --.r^•—�---r..T.:_'•- --_.._..._...__.�. :'--�--
<br /> ��
<br /> � �.-."'_____�.T,�...___. . .........__....' '"._...,.._"�.�—_,...�...r.�-.,...-., _, _� .
<br /> , 5 ` ., . . . _ �
<br />. _ `. .> � .. . " ,.. ; •. . .. �r ..
<br /> ' .� . � - � ,� , • � - ' ..
<br /> —' (> ' .. ' .� � . .. . ..
<br />.�. . . .. .. ` . .. .. . • . .. .. � .
<br />.� • . , .. .. .. - ' .
<br /> . u � ., � . n .� .. ' ..
<br /> � . � , ' J , . . � � . .
<br /> ,
<br /> .
<br /> , . ' .
<br /> • �� ..
<br /> �� - . .. . _. . _ r, . . . _. _'.__ ._ __ ..__._. �
<br />
|