|
__. . ..
<br /> ��,�I�� :';� .��T.�`��
<br /> � '„ .� l .'s,n,� :.'F4Jc:_;f�..�.,
<br /> ���► a�. —— --- - �J
<br /> g1�' _- ...w . ' .. . �-`•�.
<br /> i •"
<br /> �I . .:•i�; . •
<br /> • .- �rs:�.- '
<br /> C�-I . _ .
<br /> _ _ '.,��.w�d���. ..a r � -•
<br /> ..'. II�!�/ +Yl�wl • ' _
<br /> . 1..� � e .
<br /> � •/•
<br /> � !' . __ —..i�r.�...._
<br /> �::�,,� �b.�, .� _ � q��o �9�� -_
<br /> - .s�.J.)_"�__,._�.(�1:1CJ� ^'" •
<br /> ��� L �, '' S. Haard or Prnperly lowuatwe. Borrower shall kcep the improve:nen�s tww cxisting un c�rcafter ercctod un �he
<br /> _s��r,�rA��"��:`.. .
<br /> �• ' � ptoperty insurcd Apain:t luss by firc, h�rds included within�hc tcrm"extendaf cuvcrugc' unJ uny �Nhcr hpiAnlc, includin�
<br /> ==`�'` ' �• floodr or floodin�,for which Lemier rcquirec inwrancc.This insurancc xhall he maintaincd in�hc unwunt�unJ fi�r Ihc periads
<br /> - ___�—_*�;,
<br /> lhat I,ender requircc.The insurwkc carricr pruvlding�hc insurancc�iwll hc chuscn by B�rrowcr.ubj�x�t �o LAndcr'. ��rov�l
<br /> � ,� �;+. ..a .
<br /> .,,,�.- .,,�� which Wwll not be unreasonably wilhheld. If Borr��wer fails ta maiatain cnverage dexrihed uMwe, Lemler rtwy,yt Lentler's
<br /> ' �"�'� '" - ion. oblain covers� e to mtxt Lender's ri hts in 1he P rt in accordancc witb rs+ ra h 7.
<br /> ::.�-;,r�..:. apt ers Q p g � Y Pe B P
<br /> ��'�� '- All insu�oe policies and rencwals xfwl{ be acceptable ro L.cnder and shall includc u+ian�lurd m��rtgagc claux�. lAndcr
<br /> '����r• '=' s1w11 hAVe tbc right to holei Ihe policieg und rencw�ols.If 4ender rcquires,Borrower siwll promptly give to l.etxlcr oll rcccip�s uf
<br /> •e'�`.'� � �...�:.
<br /> - paid prcmiums arNl renewal�w�ices.In thc evcnt of loss.Burrowcr slwll give prompt noticc ro thc insurnnce carrier and Lender.
<br /> V '• '��• • � Lender may nwke p�oaf'oi loss if not made promptly by Borrower.
<br /> '�'a-''��'�'� � Unless Lender and Borrower atherwise agrx in writing.insurance pracecds sh�ll be upplicd to rest�►r�ticxi or repair uf thc
<br /> �::.Y.'..:>;,�'!;'�`�. property danw�ed.if the rcstoration or rcpair is economically feasible and l.cnder's Mxurity is not lessencd. Ii�hc rcctarotion or
<br /> _ .; � ::"'as '� rcpair is not economically fcasidle or Lender's security would be lessened,the insurancc prcicc�c shull hc applicd�a Ihc wms
<br />- � � .�..��•� .. cecurr.d by thia Security Instrument, whether or not then duc, with any excess paid to Barruwer. If &�rn�wer abandua4 thc
<br />_ " - - .�r�••.��. ,.;- " Property,or does not aro�wer within 30 days a noticc from l.ender that thc insuronce currier huc ufforcd�o�ettic�claim, then
<br /> - �"`,'" `•`•''• � L,ender may rnlloct thc insurance proceeds. l.ender may use the pmceetls t� rcpair ar rcstore the Pmpcny ur to pay �ums
<br /> - •��-�-
<br />�°�^.� y � ;� ° � � �,cured by this Security instrument,whether or not then due. The 3t1-duy period will begin when the nwice is given.
<br /> __ . ' �. •� Untess l.ender and Borrower athervvise agree in writing. any application of pnxeeds to principal shall nnt ex�eiul or
<br />_--- i..;.:,W�,:.,.��,.,.�t�
<br /> -'E�i�'"`•'�•; • postpone the due date of the monthly payments referced to in parngrnphs 1 and 2 or change Ihe nmuunt �P thc payments. If
<br /> _�=' ��.� ; ,! • under paragraph 21 the PmpeAy is ocquired by I.ender,Borrower's right ta any insurance pulicies umi pruceeds msultin� from
<br /> _�T` "��'�`�`'� dwmagc ro thc Property prior to the acquesition shall pass to l.ender to the eatent oP Ihe sums secured by this 5ecurity Instrument
<br /> _.--�� ,..
<br />;':r:; ' �, itrunediately prior to the acquisition.
<br /> � • .,: 6.Occuprncy, Preservation,MoiMenance and Protection oP the Property;Borrower's l.oan Applicatbn;l.es�seholds.
<br /> ` ' Borrower shall occupy,establish,and use the Praperty ac Borrower's principal residence wi�hin sixty dayx uftcr the ex..�utiun uf
<br /> ,;;�,�,ye+�,.�:�� this Security InstNrnent and shall continue�a oaupy the Property a+Aorrower's principal rcsidcnce for at Ieast onc yeur aiier
<br /> :' �,� � the date of occupancy, unless Lender othcrwise ogrees in writing, which consent shall not be unrea.wnably wilhheld, or unless
<br /> . � extenuating circums�ances exist which are bcyand Borrower's control. Borrowcr shul) not Jeslmy. dwnage or impair the
<br />`.±-�=,� Propeey, allow the Property to dete�iarate, or mmmit waste on the Property. Botrower+hall bc in default if any forfciture
<br /> � . , action or proceeding, whether civil or criminal,is beguo that in L.ender's good foith judgment could result in forfeiwre��f�he w,_
<br /> - � property or otherwise materitilly impair the lien crcated by this Security Instrument or L.ender's tiecu�ty interest. Borrc►wer may
<br /> ,,:; � ' ' cure such a default and reinstate,as provided in paragraph 18,by cau�ing the action or pmcceding to be dismissed with a niling
<br /> , ,�•,, that, in L.ender's good faith detcrmination, precludes forfeiwre af the Borcowcr's interest in thc Property u� nthcr mutcrial
<br /> ';:t; • •�;� impairnient ot the lien created by [his 5ecurity in�irun�cnt u� l.zixi�r's �urity interest. Snrrowcr sh:tl! al:;o be ia defsalt if _
<br /> � . . Borrower.during 1he loan application process,gevc materially false or inaccurute information ar statements to Lendcr(��r foil�l -
<br /> , to provide L.ender with ony materiul inforniation) in connection with the laan evidenced by the Note, inrluding. but nix limital -_
<br /> . ' to, representations concerning Borrower's axupancy of the Propeny as a principal residence. If thi�Scxurity lostrument is on a �
<br /> " � ' leasehold. Bo�rower shall comply with all the provisions of the le�uc. If &►rrower ucquires fee titl� to the Pn�perty, tha, `�
<br /> , � . Icasehold and the fec title shnll not merge unless L.cnder agrces to the mcrgcr in writing.
<br /> • ` , 7.Protectbn of Lender's Rights fn the Property.If Borrower fails to pc�form thc rovenants und egrecrrkntti containa!in
<br /> � ' •- this Security Instrument, or there is u Iegal prceeeding that muy significantly uffect L.ender's rights in the Property Isuch�s a -_
<br /> � . � proceeding in bonkruptcy,probate, for condemnation or forfeiwre or to enforce luws ur rcgulutions), then Lender may do und 4 _
<br /> ; ' pay for whutever is necessary to protect the valuc of the Property and LenJer's rights in the Property. L.ender's actions may
<br /> include paying any sums uxured by a lien which has priority over this Saurity Insttument, appearing in cuun, paying
<br /> �`:� reasonable uttomeys'fees and entering un thc Properry ta makc repairs. Although I.ender may take swtion unJer thi�:paragmph �`
<br /> � 7. L.ender dces nat huve�o do so. �
<br /> Any atnounts disbursed by Lcndcr undcr thiti pars�graph 7 shaU t►cannc addition•rl dcbt i►f &ttrowcr u�cur�d by this �'__
<br /> Security Instrumen[. Unless Borrowcr and Lcndcr agrce tu ahcr t4rms oi'payment,thcsc umoun�� shull bcur in�cre,t fn�m the f �
<br /> � date of disbursement at thc Nute rute und shull hc payablc, with intcrest, upnn noticc fmm Lender to Borrower reyucsting !.
<br /> � , .. • . . payment. E�
<br /> � 8.Morl e Insurance.If L.endcr rc uiral mort a c imuruncc ati a conJition ut'makin the luun s��:urcJ b this Sccurit �'�
<br /> gag 4 € S B Y Y ir
<br /> • , � Inswment. Borcower shall pay thc premiums rcyuired to maintain thc murigoge inwr:�nce in effcrt. If, for any reason, thc f
<br /> • mortgage insurance coverage rcquircJ by I.cndcr ILpses or ccascs to tx� in cffect, I3orcowcr tihall pay thc premiums reyuireJ tii
<br /> � ' ,. obwin coverage substantially equivulent to the mangage insurance prcviau.ly in rff�wt, •rt a cost ,ubxtantiully cyuivulent to the �t`:
<br /> ' `� cost tu Borrower of the mongage in�urance prcviuusly in eff�xt, t'rom an allcmutc muhgugc in�urcr upprnved by l.endcr. U �
<br /> • suustantinlly equivalent mortgugc insurance cuveragc is ni�t Available.Burrowcr+hall pay to LAndcr carh nwnth•r+um cyual w j�
<br /> +.,
<br /> " onc-twelfth ot�thc }•carly mortgagc insurancc prcmium hcin�paid hy I��rrv�wcr�vhrn Ihr inwranrc ruv�rugc lapxtil ix rcaxd ta
<br /> p be in effect.Lender will accept.u�c und retain ihesc puymcm�n+ u la�. reticrvc in li�u ��f mongage insurancc. l.u.. rc.crvc
<br /> Fam 3DZ� f1�0 i
<br /> . � �
<br /> ' . � Pp�3 u�8
<br /> . � � MC-3019-NEI3
<br /> . . '
<br /> fI
<br /> 1
<br /> 1
<br /> . ••,
<br /> �
<br />
|