|
_ ._ . . ;, • . . . . .. .. . '1:'..
<br /> - .-. a ���`- .. � _ < . -. _. _ -_ - ' � .-..=`_�"-.-_
<br /> - _�,�_:�..�,� ` . � � . _ . < � . ' . � ... . , . . . . . .. i
<br /> _. ' 4� `. . . .. . .. _ ' , ���� �� - , • . •
<br /> , petiods tMt i.eoder iequires. 71�e it�ct curits pruviding zhe insur�aee shaii b�chosert by Bamwer subject to Lendtr�
<br /> . spproval wbich sh�ll aot be uruatsanably withheid. If Bormwa fails ro m�1tin coverage described above.l.ender m�y.at
<br /> . l.mdc'r�s option.obpin ooverage w pcqtect t.ender's rights in tbe P�opecty in acco�dance with par�graph 7. ,
<br /> All msur�nce poticies a�d renewais sl�atl be acceptable to Leader and sGail includr a stv�rA mortgatge cisLLSe. Ler�ter .
<br /> . sd�U dave the rigist to hold the policies and�enewals. [f Lender rcquires.Borrower shail prumptlY give eo Lender ali reaipts
<br /> �P�P�'�ums aad renewal traices.•In t6e event of loss.Barnwer sh�ll give pcamp[natice to the insurmce ca�rier and �
<br /> Leeder. Ixnder may�talce proof of ioss if not made p�umptiy by Bom�w�r. �
<br /> = iJnkss Leader and Soaower dhenvise agree in.w�iting,insursnce proeeeds shaJt t�e appt'sed ta:rstotatiart as:e�ir n€ .
<br /> --- -- _ —.--._...-�_,the_PmQe:t�darta�v�al�iE,tlro._testcxatic�, _ '_' _ ic�lly_f�te,and_l�nder's_securit�is•w_t�.�„��-_,If�t�=----
<br /> ;trstoiatiaa a�p�ir is not econanically feasibk or Lender's security woWd be lessened.tha insntance p�aceeds shaJl be
<br /> appliod w the sums secuned by this Security.Insbvmesu,�wtKt6er or na then due.witi�any eaces.s paid to Borrower. If
<br /> Bamwes a6�adoac�be Ptoperty.a does nat answet within 30 days a notice from Lender tdat the insurancc c�rrier has
<br /> ..�-, offeced to seuk a ciaim.thaf l.ender may colkct the insurance ptaceeds. Lender m�y use the proceecls to�epair or�estae
<br /> _ the Ptoperiy or w pag sutns secund tiy Uus Sa�ariry 1�ameM.whether ar nat then doo. 'Che 3aday period wili 6tgin whett
<br /> d�e rwtict is given. � `
<br /> Unkss Lender and Bormwer aheiwis�agiee in writing.any applicaaon of pcoceeds to pri�uipal shall,pot extend or •
<br /> _ pastpone the due datt of the:moatlil�payments�ated w in paragtaphs}and 2 or change the amount of tt�e payments. if
<br /> under paragraplt 21 tbe P�perty is acyuirod Dy l.ender,Borrower's right to atry insurar�ct poticies and proceeds resultiag
<br /> fmm damage to tt�e P1a�xrty pria to the acqaisition shal!pass to Lender to ttte extent of the sums secund by this Security
<br /> Listrimxat immediatety prior to the acquisition. � . ' .
<br /> f. Ooaipancy, Preservsfba, Matotenance aad Protection d the Property; Borro�eer's Lo�..Applicatioe;
<br /> - l.dqeMold� Botcower shall occupy,establish,and use the Ptopecty as Bortower§ptincipal residence witQin sisty days after
<br /> [tK execution of this Secarity lnsmmxnt and shatl continne to occupy the P�opecty as Bamnwer's principai rcsidence for at .
<br /> _ . ieast-�:year after�he date oE��ecupancy. untess I.ender ottkrwise ag�ees in writing. which cunsenc sha(! r,a�t�e
<br /> . . : ut�o�iabTy withF�ctd,or uniess zz�tuuing cit�umstances eirist which a�beyand Borruwer�s cairtml. BairaA-er'�L•'�
<br /> - - �de�ray:a�ge vci.'nPair t!�P¢opqRy.allaw the P�operty w deter�oraEe,ar conuttit waste:cx�tlse Ftapem.'B4,-�a��:�.sfiall�
<br /> - ' be ini defautt if an}�fn[rem�e actiafl ar proceeding:whether ciin'I�crimiti?�ps 6egun tGas in Leuder's`good fai��i?&."n�iit
<br />_ - • �eoitld result in faf[e-i�of t�e Property or ot�terwise materiaUy impair ibe fien created t��this.Se�t�rstrutnenf or _
<br /> :.. . .. ::;• ..
<br /> A
<br /> ,•,:,•.; .. ....,_
<br /> -,•. , -�• •Lender�securiry imerest_.Bam�werma cure suc6 a defautt and.�einstate.1S: ,OYIQC(l I[t ar_ h t8,._. i.au,in the actian � -_.-
<br /> _ .._ S+ . �T P �P �'v' "..S .
<br /> _ : �.. o�P.mceeding to 6e�disinissed wittr'a raling thai.in Let�der�s good faitti detesminauon.Pnecludas forfeiva�e of.il�e�osrci8�er's � _-
<br /> interest;�n�he Pcnpercy ar othet iiiateriai impairrrtent of the lien cr+eated by this:Sec�ity'�itsmunent mri.ei�der's s;�s:�. . __
<br />- - . � interest:�Bonowei shalt also be`in defaWt,if'8arower, during the loan':agpl�carian'procQSS,gac��?�[Sy_�se,wx. . --
<br /> . inac�tuaie infamiatian or statements to Lender(ocfaited to provide Lender aith any material infarmati�3���-,;..^:,['sy�uY.�� . =-
<br /> z�;,i: � the Faau evidenced 6y the Note,including, but rta fimited to. representatinns canceming Borrower:s occcipass¢y of:the �.
<br />- Prope�ty as a principal residence. If this Security Irtstrument is on a leasehold.Borrower shall comply with aU the provision.4
<br />- �, of the leasc. If Borrower acquires fee titte to the Property.the teasehold and tI�e fee title shall not merge unless Lender agrees
<br />=_-�z ° to ttie merger in wriung.
<br />-;a.: 7. Protection of l.e�der's Rights in the Property. If BorraHer fails to perform the covenants and agreenients -
<br /> contained in this Secarity Instrument.or there is a legal pracceding that may si��ificandy affect Lender's• rights in the ---
<br /> Property(such as a proceeding in bankruptry,prabate.for cundemnatian ar forfeiwre ar to enfarce laws�r regutaticx�c>.lhen -� -
<br /> Lender may do and pay for whatever is nerestiary ta protect�he vufue af the i'roperty and Lertder's rightti in the Propeay. �:T-
<br /> I.ender�actions may include prying any sums secured by a lien which hac priarity aver this Security ln.titrument.appearing ln�;--
<br /> � itit court.paying reasonabfe attomey�fees and entering an the Propecty to make repairs.Atthough l.endev may take action �n::
<br /> under this parngraph 7.Lendcr dacs nm have ta da�o. � ;
<br />_ 'Any amounts disbursed by Lender under ihis parograph 7 nhall become additianal debt af Boaawer secured by this ���
<br /> �. Secucity Instrumen6 Unless Bonower;�nd Lender agree to ather terms of payment,these amaunxs tihap bear interest fram thc ���-��
<br /> - . ,f date of disbursement at the Notc rate and.r•hatl be payablc.�vith interest,upan notice fram L.ander to Borrower requcsting �-;�'
<br />- � PaYmen�. '`�"_
<br /> � S. Mortgage Insurance. If l.ender required mort�Guge insumnce As u condition of making the loan secured by thi� -
<br /> Securily Instrument, Baauwer tihall pay the premium�required ta maintain the mongage insurance in effect. if,far any ;t;;-:
<br />- ' reason, the mortgage insur.mce coverage reyuired by Lender lapse�. pr rea.ves to be in effec�t. Borroarer shall pay the :�-
<br /> premiums required to obtain coverage substantially eciuivalent to the mortgage insurance previausty in effect,at a cast �,i.�
<br />' >' ' � substanttapy equivalent ta the cast ta Borrower of the mort=aae insur�ncc prcviously in effere.from an altemate mortgage =-
<br /> insurer approved by Lcnder. If substantially cquivatcnt martgage inswancc coverage is nns�•ai�abte.Sarrawer shall pay to ��;'::
<br /> • l,ender each manth A sum equal ca one-twelfth of the yearly mortgage insurance premium beiag paid by Bocrowcr when the _
<br /> _ insurance covernge laptied or cea.tied ta t+c in effect. I.ender wiU accept,u�e and re�ain these paymentc ati a loss reserve in lieu _
<br /> • � of mortgage insurance. La�ti reserve payments may na Innger be required.at Ihe��pti�n�f Lender. if mortgage in_curance ' •
<br /> covetage(in the umount and far the periad ihat Lender requiresl prnvidcd by an inrurcr a�pprovcd by E.ender again becor�es ,.
<br /> - avallable and is obtained.Borrowrr shAll pay the premium�required to maimain mungage in�arance in etfecc,or[a proviAe a
<br /> , _ _ los�re�erve,until Ihe requiremenl for martgage insurancc ends in uccardance with smy uritten agreement between$erro�ver
<br /> .� � .;,�.` and Lendcr or applicubtc luw. r
<br /> • 9. fa.4peetion. (.endet or i�+agent may malce reascmabte entries upem and inspectiems vf the#'re�.rty. Lcmder�hali !--�`
<br /> � `r; give Borcuwer nntice at the lime uf ar pric�r ta an inspcetinn specifying rea.ronable cuu�e Fnr tha inspecaian.
<br /> ' .� 10 Condemrt�tlon. 'fhe pca�redy of uny t�wvrJ ur cluim fur dumage�,ditect w wn�cquential.in conneclion with any .
<br /> SinglcFamily•-FaankStaelF'reQdir:�lacll\lit)lt�fl�ti71i1-11F:%T•-UnifonnCovcnant, 9/90 lpu.trt��jhpngcsl .
<br /> (kt.ri 4'�tra kuaatrt.i YmM1�,lnt �
<br />- � • to IkAM 1„il4 Ili(N►:16aJ!Y.1 I7 VA%f.16701-117/
<br /> '` �
<br /> .
<br /> . .
<br /> .
<br /> . . . . - - . .... ..
<br />. - . -'- � ��°r+".mrx.:..>�-r-'-r-�-� .-. .._.�. - -°—'--"- - _ �'---. ------,- ---'-------' -�. - ."' -' :. • . .- ..,_____ _ :...,.t
<br />.� ' ' x� '.S.• ' - , " . . � , � . . � , .
<br /> �. . . .. . . . ' . . . . . . . ' ' ..
<br /> _ .*�`- . � . . . . � • . , • ,.
<br /> -- . ° S-. . � .._.. . � . . . . . . . . . . . .. . . . .. . . . . ' .
<br /> ,+. _. . :
<br /> , .. .
<br /> _ -_..- -.' -: -'-::,..... _ .._ . ...- - - --- -.. . •_ . . _ . � � . .._ . .. ._ .. . - - - - . ... .. ...� _ � _ .
<br /> ' ,t�?'fv�t,6^,iCss�� . . ' �. . '
<br /> —'�u�' � . ' , . . � , , '
<br /> . .. ��� � ' ' . ! ,'�;� • : . � � • " :5 ,. ' ` , � '
<br /> _ .
<br /> �` �� rd%"-F�t'�ie="=' , } . . . �. . , " . . , � , , " , ' .
<br /> . .. 'WtVr CyY„T��. .cjl � .. �:' ' 1 . . . . . ' � ' , ' . -
<br />. . � �lr. � �'
<br /> . _..-.._"1 �- '_ .___ ._..... ..__.._.. - _ '" _ _ - ..t. _ _ _.
<br /> -_ ' _'..._._. _
<br /> _-_ _�-- , -,__ __—_ ___ _ ___ .—__ . .-_— _- �' _�� .. —... . .'__ '_ '_. . . - _
<br /> , �. ....... .. . .. ...
<br /> . • ' . _. -__,_. —'-.., ,,____ .___ ,___ __` .' __--. _, -
<br /> _�_ �- _...-
<br /> . . ,�. �:(q-.. . , . - ...� � . . _ . . - • _. . � i. . .
<br /> , _.Irr__"t . � � � � ' . .•_ . . , , . i , -
<br /> '. e _ ^-�j'��: ' ' . � � . . . . . . � � . . . . - ' .
<br /> ��`. -i�li.'z�' .f�.. , .. . ... • . . ' • ' . . � . . . . . . ... . , • .1 ; .. , � . ..' . . _�. . , , .. . •
<br /> .. , -- _ '�j':{.J��"• . . . . i . . , . _ . . . . _ . . ' . .� .__ _
<br /> . � r i, • '. , . . .. - ' • . . - . . . ' ... , . i� '� - � . ' 1
<br /> . .
<br /> � : ,., �� , � . , � .
<br /> .
<br /> ,
<br /> ii ' �? .r__ E . ' . • ' _�_ _�___� -- —
<br />
|