|
��1�• 'K+r e�wR .,• �.y�k'���; _ n.:...,.:, _._.�.__�--�- - ._...
<br /> ._ � , • ..�a. �-::--
<br /> .. ��n`
<br /> li�f:.r_..:�r. • .-�3:te�-� �::;_...-
<br /> � ..a.: .yw,.��...... •`T.t�-
<br /> "�' . a::.Y.s1nW' �
<br /> ' ''t�.11� (�i��'.-.�.�. '- -sK..►'
<br /> � 'ev'• " .._.......�IdY��_.__
<br /> � � �2- �.03�r� ___
<br /> 91_ ,
<br /> -.---_ ''t:-�'��
<br /> .,�.a,�—���`y
<br /> —;�����,.. pe�3ods that L.cnder rcyuftcx. 7hc inxurunce carrler providittg thc fnsurancc shall be chciren by Sorrower xubjccl to Lender x
<br /> —�a,�;,����_� oppruval which:hall not be unre3sonably withheld. IF�a'rower iwilr��a mulntain coverugc dcKrlbed At�ave,Leniler rrwy.pt
<br /> ___ _„�. Lender's option,obtain covCrage to protect l.ender Y righls in the Property in accardunce wi�h pu�ugruph 7.
<br /> All insuronee policies w►d rene�vu�a�hu��b�+��P�pble to Lender anci shell include a atandard martguge cluus�e. L.e�cter
<br /> _��j� +�'� sh�ll huve the�ight to hold the pc�liclew ond renewals. If Lender requirea,Barrower sholl promptly Kivc to Lender aU rceciptn
<br /> -'�""'<.°'� ' of puid premiumx und renewal naices. In the even�af lozx,Borniwer shall give prompt notice a►tlu in►ura�uc caRicr ond
<br /> � �= L,onder, I,ender mAy make pronf of lo�x if not made�rr�mptly by Borrower.
<br /> - Unlegs[.ender und Bc,rrower othcrwixe ugree in wrl�ing,insursuuc pr�ceeda shall be appliecl lo rc�wrution ar rcpair oi
<br /> re
<br /> •- -;��-';�'-°'.�, '��� �h e p rop+.rt y d a m u g e d, i f t h e r e s t a r a�i n n o r r e pair ia economicull y feacihle und Lender's r,crurity is not ler�sened. If �he �
<br /> - , ,,,,,,, �''` restoration or►cpnir ia not economically ieubible or Lender's securily wuuld be lex�ened. the in�urance proree dn+hu l l b e
<br /> � 'F"'�-°�',: "° applied to the suma secured by Ihix Security Instrument, whether or not lhen due,with ar�y excesx paid ta 8orrower. If
<br /> — �":.•�
<br /> �„�!+?°.. '�°�R:'' � Barrawer ubundons the Propeny,or doe�not unswer wUhin�U duyx a naice from L.ender�hut the in�urunce carrier hus _
<br /> •:?Tr;',��'".`a�" � offered to retde u cl�im.�hen Lender mny collect the inxurance proceeds. Lender may ure the procecds h�repair or regta�e __
<br /> '`'��'•4` •.i°'`; . the Roperty or to pAy sums secur�ed by this Securi�y Instrument. whetharor not then du�. The 30-duy period will be�in when
<br /> , . , �ha natice is given. ��-�
<br /> Unlr.�s l.ender und Borrower otherwise agree in writing, any uppliculian of proceeds io principul shull not extend or �_�
<br /> � � � �s� �p�"s '. postpone the due date of�he monthly puyments referred to in p=uagrophs 1 +utd 2 or chsu�ge�he amount af the paymentx. If
<br /> -- - -- =�=±°��� ,r' . under parngruph 21 the Pn�pehy is +�c4u�red by Lender,Bamawerti right ta any insurrnce policiew und proccedx resulting __ __
<br /> �-- . .. ;;,, ' . :� from damage ta the Property prior to the acqui�nion shall�asx to Lender to the extent af tha�,umx secured by iF�ia Secur�ty _
<br /> �`;:;,', .^''� ''''�,., Insuument immediately prior�a the acquisition.
<br /> =--� x�':•.:.�.:`�,. ' 6. Occupancy. Preservadon. Malnte�wnce and Protectlon of Ihe Propertyi Bon'ower•a l.oan Appllcalioni __
<br /> - � � ' l.estsehoWs. Borrower shall accupy.es�Ablish,and use the Property ns Borrower�principul residence within sizty duys after
<br /> � � the execulion of this Securiry lnsuument and sholl continue ta accupy�he Property us Barrawer�principal residence for nt _
<br /> ..ti�9 ' ' L leust one year nfler the da�e of cecupancy, unless I.ender othcrwisc agnees ia writing, which con+sent sholl not bc � -
<br /> '•� � �'; ,.:; "�'.. ��.�,� ." unreasonably withheld,or unless extenuuting�ircumstances exist which ure beyand Borrower4 cantral. Borrower sholl not _
<br />•�}:• � �° • destroy,damage or impai�the Property.Allow the Prapeny�o deteriarote.or cammit waste on the Property. Borrower sh�ll
<br /> '' ':• be in default if ony Porfeiwre uc�ion or proceedins,whether civil or criminol, is begun that in Lenderi good fuith judgmen� __
<br />�,`�� ���°�*F. : could rasult in forfei�ure of the Propeny or whenvir,e materially impair the lien creuted by this Security Instrwnent or ----
<br /> ,���..
<br /> ,�;!•1'�;y��' Lender'w�ecurity interest. Borrawer may cure such a defuult ond remslnte,uc provided in paragraph 1 R,by cuusing the action
<br /> -' ` , .. • . ' . or pmceeding to be dismissed wi�h a rulinB thn�,in Lender ti good faith determination,precludes fortei�ure of Ihe Borrower� �,_,.-..
<br /> t'•� � interest in the Property or a�her material impairment of the lien created by this Security Instrument or Lender's r+ecurity �_
<br /> �`-'•i' f ' •� ' interest. Borrower xhali Also be in defnult if Borrower, during the Ivt►nn upp��cu�ion process, gave muteriully fulse or
<br /> v
<br /> ��--
<br /> ._•,.�:�� ° � inuccua►te infarmation or titatementti�o l.ender lor fuiled io provide Lender w it�any material informution)in cannection with �_
<br /> � ' the laan evidenced by the Note, including. but not limited to,representa�ions conceming Borrower's occupancy of the �_
<br /> �'' •` ' property as o principal residence. If this Security Instrument is on u len�ehold,Borrow•er shall comply with all the provisions ��,
<br /> � ••' -- •=?�-�'�--°'a �--� of tt�r le�se. lf R�rmwer ucyui�es fee tille to the Propeny��he�easehold and thc fee�ide shall not merge unless Lender agrees
<br />�f5t.,(, • —__.:._.
<br /> • " to the merger in wriling.
<br /> . ' 7. Protection of I.cnder's Rights in Ihe Property. If Bormwer fuils to perfortn the covenunts and s�grecments �.:
<br /> ' �.,, �.;,.,; . coMUiaed in this Security Instrnmen[, ar then: is u Icgnl proceeding that moy sign�ficandy affect L.ender s rights m the �r�.•
<br /> , „ �,,<;?.t;:,,,;", PropeKy lnuch ati a praceedin� in bankniptcy.probate,W�cnndemnution�r forieiture or to enforce laws or regula�iansl,lhen �,
<br /> ,�; • ' �y�V'I+.;:,;,�r�,:,;;,� . Lender may do und puy for whutever is necessary�o protect the vuluc of�he Property and Lender ti rights in the Pro�n}'. �-
<br /> ., }lliyt�l4{�� Lender's uctions may include paying uny�ums tiecurcd by u licn which has prlixity over this Security Instrumem,appearing __
<br /> :�� . ��^ ' in court.paying reasonuble auumeys'fees nn d enterin�on the Prope r ry ta ms�ke repairs. AUhough Lender muy tukr action --�
<br /> ' ' under�hi�purngrnph 7,Lcnder dces not havc to do xa.
<br /> ' `' Any amounts disbuned by Lender under this purugraph 7 shull be:como addilianal debt of Borrower secured by this �;_-.
<br /> � '�'� • Security Instnimen�. Unless Bartower und Lender ugree to Mhcr terms of pvyment,thetie amounts shull beur intercst frcxn the _�-
<br /> .. � " '�'% dute of disbur.ticment at�he Note rute�nd xhall be puynblc,wilh interest,upon notice f'rom Lender to Bortower rcyuesting ,",�;
<br /> � . payment. �,-
<br /> ' • " • 8. Mortgage lnsurpnce. H'LcnJer required mortguge insurancc u�u rondition of mnl:ing the loan uK:ured by Ihis �
<br /> � • Securiry Instrumen�, Borrower shull puy the premiumx reyuired ti� maint�in �hc mongage inxurunce in effect. IP, for any __
<br /> ' _ ;,,,;�5� .' reuwn, the monguge inxurunce coverage reyuircd by l.ender Inp.e, ur cec�k+ to be in effec4 Borrower shnll puy the __
<br /> • premiums reyuimd to obtain cove�aFe substuntially eyuivulent to ihe martguge intiurunce previously in effect. �+t a cost �`�'
<br /> • �� ' � .'�}'�SL``` substuntially eyuivulent lo the cnst w Borrower uf the mortgage imurwue previously in effect, from an altemAte mongage —_
<br /> .' insurer approved by l.ender. If sub+t:uuiully eyuivulenl mongage imurance coverage i.not uvuiluble.Borrower shall pa y to =__
<br /> � Lender each monih u xum eyual to one-twelfth of ihc ycurly mongage insurance pmmium being paid by Borrower when the
<br /> `��1:� insurnnce caverage lupsed ur cea�ed ta he in efl'ect. Leixler wil l accept,use unJ rctuin these paymem�as a loss reserve in lieu �•
<br />� , ' q�.�. .. of mortgage in.ur.�ncc. Lotis reserve paymcnt� may no I�mger bc rcyuired, ut�he option of L.ender,if mortgage in+urnnce ``
<br /> • • � coveruge(in Ihe amount und tix�hc pericxl thut Lendcr reyuirc�l providcd by :m in�urer upproved hy Lender u€ain berometi _
<br /> " � uvufluble and is obluineJ. Borrowrr+hutl puy the premiwnti reyuiRd to maintain mon�uge in+urance in efi'ect,or to Qrovide a
<br /> , ,� •;,,� , .. ., " loss reserve,until�he reyuimmcnt for mortgage insurunce enJti in urcordunre with any wriuen ugreement 6etween Borrower "
<br /> ,, and Lender or applicuble Iaw. r
<br /> ' � 9. Inspectlan. LrnJer or its:��rnt ma��makc rca���nuhle�nlric+ u�xm;md in.pectinm of the Praperty. Lender xhall
<br /> give Bormwer notirr at the�ime of ix priur to an ins�xcli��n��xcifying rea,onuble�au��for�hc in,�ction. ��
<br /> . }. • 10. Condemnation. Thc prcxeed.uf any aK'arJ��r rluuit tnr damageti.Jircri ar cunxequcntial.in runnertion with:uiy. •
<br /> � • Sm¢Ir Fam�N--Frnnle\tue'FrcddM�1nc l \IFtIR!q 1`til'Rl\1F:�T•-l�nit��m�e'�n.nant. 9/90 ipu�te�n�n p,�Ktsl
<br /> ,.. �qra�W1n tws�nna ri�.lx ■ �" 1..
<br />- , Tu11�N71:W1 I�S.b9397[_P�x BIR7A1•IIS1 .
<br /> �
<br /> i .� ..�y� � `.
<br /> "'�'�
<br /> �.__n---.� . �. ._ _ . . . _ �
<br /> ! J
<br /> �
<br /> i
<br /> - ' � �"`-— - -- --- - -- ---. .
<br />
|