|
� ,- �.
<br /> ,��-- -_-- - . _ ,>��--_._
<br /> �_�r�.�:� .�,. ;� � �'*�..:: ' . '{�
<br /> � . �����t:•` ,. �,.�i
<br /> _ . ..__. ...
<br /> , _ ._
<br /> � �_,...,�.�..� -- 92_ �Q q:+�$w�
<br /> �;�;�o�er,. x� � !
<br /> �� •
<br /> -°w,1�
<br /> --__��T� � periody that L,eiukr reyuires. The insurun�e cwricr pmvlding the in�urwke shull be choscn hy Somowrr tiubject to l.erideri�
<br /> °`" "- rpproval which cFwll oot be unreusonubly withhr ld. If Bcx�mwcr faila to m�intAin covet�ge de�cribcd obovc,Lend¢r m�y.at
<br /> _::;� L.enderk opiion,obtain covcnge to paec�l.cnder's rights in�he Property in acconla�c�with pua�nPh 7.
<br /> _ =u-.:;,:�:— All inwrnnrc poticies and rcnewal.r shall be xccptable to Lendcr aKi sh�ll include p st�� ivMO ioal�.endcr all recci�r
<br /> _,,��-; shall have lhe right ta hold thc polirkx w�d rcnewuls. If l.cndcr rcquircs.Bartawe�chnll promptlY� P�
<br /> ---�--.h•�� of paid prcmiums and rcnewa! nalices. In the cvent of loss,Bottowcr sholl�ive prampt notico to thc insur�nca cartier and
<br /> =�`� L,ender. Lendcr may make proof of IosY if nd m�de promp�ly by Borrower.
<br /> .��,�U,--
<br /> _- -- ____- -,�`�'�.� Unlckc Lencier and Borrower cdherwi,e Agree in writiog. insuronca procceds shAll be applied to rcstoration or rcpair o
<br /> - -_s,�7 Ihe propeAy damuged,if the mstoration or repair is econom�cally Pev�ible and l.cnder: secu�ty is nat Iessened. IP�he �
<br /> --� res�aation or repair is not ecc�nomicully feasible ar Lender?s .ecu�ity would be le�►ed.the in�urw►ce proeeeds shall bo
<br /> '�'��,.,�s%�� applied to the r�ums secured by this Security Inst�ument, whether or nai then due, with any e�cess paid ta Borrower. If
<br /> -4;�;a,� goROwer abandons�he Property. ar J�xs not unswer within 3U dayx u ncwice from Lcnder�hu� the in�urance cartier has
<br /> of'f'ered ta seiQe a claim,then I..endPr muy collect�he ineurance proceeds• Lender muy use�he procced.c ta rcpair or neswa�e
<br /> �-°���-'"-• ", thr property ar to pay sums cecured by this Saurily Inwrumeni.whelher or noc�heo due. 71rc�y Period will be�in when _
<br /> �`-"'"`�'=''�^-'' the notice ia given.
<br /> �":i,;�_=�:r °� Unless Lender and Borrower dherwise ogm in wriUng,uny application of pnx-eeJa to pdncipal shall not extend or
<br /> �;F��� �xx�e the dur:d+ue of thc monthly payments �rfm+ed to in parug►aphs 1 and 2 or change the omount of 1he payment�. If
<br /> �,--,�`�-'_�. .." '�U . under paragraph 21 the Prnpeny is ucquircd by Lender. Borrawer� right w any insurnnce policies and procads rc�ulting
<br /> -'°� from dwtwge to the Ropeny prior to the xquis�tion shall p�cs to Lender to the extent af thc sums securcd by thia Security
<br /> -:n:v:,.-�:±;�;�'
<br /> --- --- -ti��.�_s;,,:,:., w Instnunent immediately prior to�e w.�yuisition. � -
<br /> — 6. pccupAUCy� Pr�servAtion, Msdnteasince aad Protectbn of the Property: Borrower s L.oan Applkatbn;
<br /> w
<br /> �==�'�; .,� I.�se6olds. Borrower shull occupy,estublish,and use the Prapeny ati Borrower s pnncipal rcsidence within sixty daya afcer
<br /> —F ==--'";;.Q'�^ -- the executiun of�his Security lactrument and shall continue to accupy the Property as Borrawer§principsil r�e�idence for at
<br /> --�'����'r`�•�•,•: � �^ �e3st o�e year afier 1he date af accupancy, unless Lender olherwise ogreec in writing, which consent shall not be
<br /> ' ;';k�?�•`�,"y`"'��•� � unreasoaably withheld,or unless extenuating cinumstances exi�t which arc beyand Bortower's control. Bortower shall not
<br /> {,.,„t,.,�, ...
<br /> .-,•:1,�... ..;r�;ty_Y�i{' . •
<br /> .__ - ; :.�.��.. destmy,domage or impair ihe Plroperty,allow the Property to det�riornte,or commit waste on t6e Property. Bornnwer sha
<br /> --- -'.:�.,�� be in default if ony fafeitur�e action or proceeding,whether civil or criminal, is begun thut in Lender's gaod faith judgment
<br /> __—�^iµ`��J'45,::�:y ', could result in forfeiture of the Property or otherwfse muterially impair the lien created by this Security Insuument or -
<br /> • Lender's security interest. Borrower mny cure such u defauU und reinstate,us provided in purugrnph 1 S,by causing Ihe action
<br /> '�i��`-ti'���t�'. or proceeding to be diamissed with a ruling that.in Lender's goad foitb detertnination,precludes Porfei�ure of�he Barnwer�
<br /> -.14,n:�....r�.:Y�;��
<br /> : � . `.�.,f•• :f interest in Ihe Propeny or oti�er material impairtnent of the lien created by this Security Instniment or Lender's secunty
<br /> .i:1�L�f:�, i.' r'1•'�i � •
<br /> ' "�• • interest. Borrower shall also be in default if Borrower, during the laan applicution pra.�ess, gave materially se or _
<br /> �^� ."�• ' inaccurate infonnation or swtemenls to L.ender(m failed to provide Lender with uny material infortnation)in connection with
<br /> -���-.i:':�.::••� . the loan evidenced by tFie Nwe. iacluding,but nat limited to, representations concerning Borrower� accupancy of the
<br /> .�:r.;:�.�;:il,t;��,.;.�_� Propeny ac a principal residence. Iithis Security lnct�ument is on a leacehold,8orrower sholl comply with all Ihe provisiana
<br /> -�;=�}��.-.w---- of the lease. If Borrower acquires fa�itic tu thc Froperty.thc lr�sehold and tl:t fee titlt sltell n�►�meree unless l.ender aRrees
<br />��';`�`z .� to the merger in writing.
<br /> ,i,�_.,: _ , ".�:
<br /> _�,�.,■.- . . �<>,.,,
<br /> - � �. . +� ;t:°.+t:r . 7. Protection ot l.ender's Rights in the Property. If Borrower fails to perfonn the covenants agreements
<br /> ��.� d..:Knry��,ai��s ; . _
<br /> `s""`"��:+��`�t�,�?',.� contained in �his Security Insuument, or Uu� is u legal praceeding that muy sigmficandy Aifec► Lender's rights in the
<br /> -����;:tir ' b •.
<br /> ; ��f=: ,�;t.�'� �• propeny(such as a proceeding in bankruptcy,probate,fo�condemnation or forteiture or ta enforce luws or regulations),then
<br />-��"�`�;��� 'S �' �' Lender may do a�d pay for whatever is necessAry to pmtert the valuc of the Pro}�erry and Lander's dghts in the Property.
<br />_-�. �r���:::.,r,: �„`�:�
<br /> - z;;:�,.."' '�p� •• L,enders actions may include paying uny xums secured by a lien which has priarity over this Security Instrument,appearing
<br /> -_�x'�� �' °'• „• . •� in caurt,paying reasonnbk uttomeys'feeti wid entering on the Propeny to make repains.Although Lender mxy take actioo �
<br /> under th�s paragraph 7,Lender dces not havc to do�o.
<br /> . `'�� �• r Any amoums dixbuned by Lender under this parugraph 7.rhull tx:come udditianul debt of Borrower secured by this
<br /> .. Security Instrument. Untess Borrower and Lendcr a�eree ta othcr termx of payment,these Amounts shall bear interest from the
<br /> -A �,f��ti ;;•d date of disbursement ut the Note rute and shol l be paynble, with in�erest.upon notice from I.ender to Boaowe�requesting
<br /> -�.:�s�. . . ., payment.
<br /> - � •�• S. Mortgage Insumoce. If Lender required monguge insuranre a�u condition af moking�he loan secured by thia
<br />"'`� " � Security Instrument,Barrower shull pay the premiums rcyuired to maintein the mongaRe insurance in effect. lf, for ony
<br /> �-��'- "`�" reason, the mortgage insurance coverage reyuircd by L.ender lup�es or ceuYea to be in effect, BoROwer shAll pay the
<br /> �'''�'... : : �• � . premiums required �o obtain caveraRe subxiuntially eyuivalent to the manFage incurance previously in effect, a[ a cost
<br /> -� -++� . ' , substantiully equivulent to the cos�to Borrower of the monguge imurunce p�eviously in effect,from an altemute mortgage
<br /> - " insurer approved by Lender. If sul►stantially equivulenl mortguge inwrancc coveruge is not uvailnble,Bortower shall puy to
<br /> - � ``�`"" � Lender each month a sum equul to one-twelf�h of ihe ycurly moA�euge insurunce premium being paid by Borrower when the
<br />- . insurnnce covernge lupsed or ceused to Ix in effect, Lender will uccept,u,e:u�d retain these payments as a loss reserve in lieu
<br /> ' ''"'• �� of mortgage insumnce. Loss reservc puymeni�may no longer Ix;reyuired, at�he optian of Lender,if mortgage insurance
<br /> '�} � coverege(in the amount and for the period ihat Lender reyuimsl provided by un imurcr approved by Lender again becomes
<br />-'A� ' ��+.•. available and is obtAined.Borrower+hull pay the premium.reyuind to muintAin m�xtguge insurunce in effecl,or to provide a
<br /> ,.G}}; �
<br /> .;J,•Y „•:•;�.:. lutis reserve,un�il�he reyuiremem for mortgage insurunce ends in s�rcordunce with uny written agrermrnt between Bomower
<br /> . - " ,`'"�':�', nnd Lender or s�pplicable luw.
<br />. ` ;,'�,t�.,f' .
<br /> ,.' � • 9. Inspection. LenJer or i1s agrot n�y make m•rwnuble entric. u�+c�n und in+pertionr of the Property. Lender shull
<br /> ,, , , give Borrower nolice at the time i�f or prior to�n im{xriion��x�il'ying rru�nnable cau.c for thc in,pectian.
<br /> � 10. Condemnwlion. The pnxcrJ.��f•rn�•uwarJ ur rl:�im fur damage..dircrt or c��nscyuentiul,in cunneclion with smy
<br /> . , � Singk Famih•-•Funnk�fadFYeddle Nac CVIFtIN51 1\tiTRI'MI:N?••Unifomi Covcn.xit+ 9/90 1/tint��!rrJn�wgr��
<br /> � � Cr�vl W1M Bueuir�Fmtk.lac.■ _
<br /> - io IM�Mt Cdl.18006�R197 O YAl BK191•tl�l -
<br /> o �
<br /> . . , . ,.q« . .a;wi�d.��:.+Mrt.'t#res"+j"'�^*fX.,t..w,..�.._
<br /> __,—_ ._��.-_,....�--�w��w.. �v . . �. - .
<br /> , ..
<br /> �
<br /> J�t��.�' ' _ .
<br /> . _._ _. } �o _._._. _ . . . . . .. . .
<br /> "�
<br /> . i
<br /> 1
<br /> .
<br />
|