|
�� ---
<br /> _�P•�t"„ - -- -- :-- „,,,,,,�.,.. -••-_ ----_--
<br /> ;��'���- r��,
<br /> I n ./"a N�' .�y. """___
<br /> ` y�
<br /> il ij'�'. .. �' �y9iYJ4.ae`4.. ..
<br /> . ,�� �..��..... ' '_ .
<br /> � . _'.. ._._.
<br /> .'�.�:_..,,�.:.��;�;,� 1p �, 9 —
<br /> ��� 92_
<br /> ---.�-��:.:�
<br /> —__�`-��s_.��i�
<br /> perlod.r lh�t Lender rcyuker. The Inaurance curricr provjding thc insurw�cr xh�ll be chuscn by Borrowcr�ubjcct�a l.cnder K
<br /> -~•���-- T�� approvai whkh rhall nd bc unrcasanabiy wilhheld. If Borrower i'uils tu maimain cuvcrugc dcrcribcd abovc.LenJer may,at �_
<br /> -- __---�k� Lenderk ap�ion,obtain coveruge to pratect Lenderk righ�s in the Property in uccorJoncc with purugrnph 7.
<br /> � AU insurwice policka u�d renewulx ahull 6c acceptablc to Lc�d cr mul ahuil incluck a titundard mungage cluuse. Lender
<br /> �����;',� r+hull have Ihc right p�huld�hc pc�licles wnd renewalx. if L.ender reyufr�s,Bom�wcr xhall promptly give ro l.ender ull receipts+
<br /> �— -- of puid premium.r und renewa l nodces. In t he even t a f lors,B c x ro w e r x h u l l�i v e p ro m p t o o t i c e t o t h c i nKUrance cwrler und
<br /> --����."�- � l.endcr. LenJer may muke praof of low�if not made pmmpdy by 8cxmwer.
<br /> - T; Unless Lcnder and Hormwer Mhenvixc agrec in wrftinR,in�u�c pnxccds shull be upplicd lo resiuration or rcpalr of r_
<br /> the �rty damuged. IF U�e rewaation ur repnir is ecanomiwlly feu.�ible and Lcader� yccuriry lti ow Iev�encd. It the
<br /> � rcgtarot on or repui�ix nat econom�cally feu.vible or Lenderk xecudiy would be lexticned,the insuronce praceeds shflll be
<br /> � ���I� ,t •, • upplied to Ihe sumx secured by lhis Securiry In+tniment, whe�her or nw then due. with any excess puid to BoROwer. If
<br /> «,.��.,,� --•� Borrower abandons the PropeKy,a dces nat unswer within 30 days a natice from Lx�der that the insumnce carrier hus
<br /> '" offercd to�setlle a cluim,then l.eoder muy cullect ihe insurance prcxeeds. Lender muy use the proceeds to repair or restore
<br /> - :•,',•^'�„�.�-..
<br /> ,� the Propeny ar to pay sumx secured by thix Securi�y Inxtrument,whe�her or no�then due. The:�-dny period w81 begin when
<br /> '�p� '"�' the nodcc is given. A
<br /> -.NYY�+US't�� L���^ �
<br /> _�:w}�+� , �• • •. Unless Lender aad Borrower othenvise agree in writing.uny uppllcolion of proceeds to principal shall not extend or
<br /> � y ;� postponc the due date o(the monlhly paymenls�efermd to in purugmpha 1 und 2 er change Ihe umount of�he puyments. If `
<br /> • N> ,.., unde�ps�ragraph 21 the Property is ucquired by Lender, Hormwer's right to uny inxumnce policies And proceeds resulting
<br /> ! �"'y�>"'s� �••�h ..� from dumuge lo Ihe Propetiy prior to the acquisition Rhall pasx to I.ender to the extent of the sums secured by this Security
<br /> ���' '..'•`.1 w�' r Mxtrument immediately prior to the ucquisition. —
<br /> `"��'�"'�'`�'3: 6. Qecupancy. PreservqNon. MaiMenance pnd Protectlon of the Propeny; Borrower's Lo�n Appl(catlon: --
<br /> -�r a ..
<br /> �'°"�ar„�;-��, " I.easehotda. Borrower shall accupy,eswblish,und use the Propeny ac Borrower�pr�ncipal residence within sixty days ter --
<br /> ---`�"'"'-''•'-"' �" the execu�ion of this Securi�y Insnumen�and nhall cuntinue to occupy the 1'roperty us Borrower w principal rcsidence for at �
<br /> -- .. leust one year after the date of occupuncy, unless Lender othenvixe ugrees in writing, which consent shall not be �_
<br /> _ ' � �•.; unreusonably withheld,or unless ex�enuuting circumsta�ces exist which ure beyand 8orrower's control. Borrower shall not =
<br /> -"'—� �� �'n dest�oy,damage or impair the Praperty.nllow the Property to deteriorate,or commit wacte on the Propeny. Borrower shull —_
<br /> i :L4;. ::a...., ..�• be in defnult if any forfeiwrc actian or proceeding,whether civil or criminal,is begun�hat in Lendert goacl fnith judgment =-
<br />--'=°—' , --� could result in fort'eiture of the Propeny or otherwise materially impair the lien crented by thia Securiry Instrument or --
<br /> �,�� ' Lender?s securlty interest. Borrower may cure such a defuult nnd reinstute,us provided in pamgruph 18,by cuusing the uc�ion �;
<br /> ��{ �� , � or proceeding ta be dismintie.d with a ruling thnt,in Lender's good faith detertninution,precludes forfeiture of the Bormwer's ��
<br /> _�"��,_'.�w�,f'y}U.. _ . interest in�he Property or other material impnirtnent of the lien creuted by this Secunty Instrument or Lenderc �ecurity �;`
<br /> interest. Borrower Khnll AISp be in defoult if Bonower, during the loun applicution prceess, Euve mnterially fnlse or �`,
<br />--;;;��; �"';"`' :,-"-?:., _ inaccurate informa�ion or statemenls to Lender(or fuiled to provide Lender with nny material informutian)in wnnection with �_
<br /> _-=— .;���,,�;�;�.�y_ the loan evidenced by the Note,inrluding, but not limited to, rePresento�ions canceming Borrowers occupuncy of the �
<br /> :.� ��_ Property us a principal rcsidence. If this Security Imtn�ment is on a leusehoid,Bortnwer shnll comply with uU the provisions �
<br /> ,;"� � . • of the leuse. If Borrowe�ucyuires ke tide to the Property,the leu.sehold und the(ee titfe shaii not merge uniess ixnder agrce�
<br /> °:`• • • to the merger in writing. �
<br />��.}; • 7. Protectiun of Lender's Rights in the PropeHy. If Borrowcr fuils to perForm thc rovennnls and agreements =-
<br /> contained in this Security Instrument,or there is v legnl praceedin� �hat muy significundy uffect I.ender� rights in the �_
<br /> � ^.��. . Property(�uch as u proceeding in bankruptcy,probute,for condemnalion or forf'eiwre or to enforce luws or regulntiom),�hen �
<br /> ° , l.ender may do and pvy for whatever is necessAry to pmtect the vulue of�he Pirapeny nnd Lender s rights in the Propeny.
<br />'-'�'�''. •� • Lender�actions mny include puying uny xums secured by a lien which hus priority over this Security Instrument,appeuring ,:�
<br /> . in court,puying reusonable attorneys'fees nnd entering on the Property to muke repairs. Although Lender muy tuke uction �-'
<br /> •:" " under this purngmph 7,Lender does not huve�o do za =
<br />����*� Any vmounts dixba�sed by Lender under this purvgraph 7 shull become udditiunul debt of Borrower secured by this i:..
<br /> • � Security Instrumem. Unless BoRawer und Lender ngree to cxher t�m�s uf paymcnt.�he+e umounts tih�ll beAr inrerest from�he
<br />- ' � � dnte of disbursement at the Note mte and�hall bc puyublc, wfth interest, upi�n notice from Lender to Borrower requesling
<br /> ' ; . payment. �y�
<br /> • • , '. . 8. MoHgage Insurance. If Lender reyuired mortgage insurunce ax u cwtdition�if muking the loan secured by Ihis
<br /> � •'"" Security Instrumen�, Barcower shall pay the premiums reyuired ta maintuin the murtgnge imurunce in effec[. If, for any �"'
<br />_' - --' "'` - muci,n, ihe mongnge in:�umncr wvn�uge reyui�•ed by Lendcr lapscs or �ca:.es to be in effert, F3�rr!+wPr chnll pAy �he �°
<br />--_L,• �'��� �� premiums required to ubtuin covernge substnndully equivalent to�he monguge in.urunce previously in effect, at u cost �:..
<br />- .,:';.,::: . substuntiully eyuivalent to the cos�to Born�wcr ot't he mnrtgAge insurunce prc�viou.ly in ci'fert,from un ultemate mon gu ge �'Y
<br /> � . insurer approved by Lender. lf substantially eyuivulent mortgage inwrunce roveruge is not uvniluble,Borrower shall pay to _
<br /> - ° . . Lender each manth a sum eyuul to one-�welf�h of the yrurly mortguge insuronce prentium t►cinF paid by Borrower when the =,�.
<br /> " • insurance covemgr lupsed or cec�.r-ed tn lx in rffec�. Lender will uccept.use and mtain thesc pvymentti ux o loss rcserve in lieu
<br /> �• � of mortgage insurmxe. Loss reserve payment�muy nu lon�!rr bc:reyuircd,ut thr option of Lender,if mortguge insurunce �
<br /> ' ' '•�� • coverege(in the umoum und for Ihe perioci thut Lcnder reyuires► provided by an in�urcr upproved by Lender ugnin becames l.�,.-
<br /> ° uvnilable nnd is obtuined.Borcowcr tihuU puy the premium,rryuircd tu muintuin mortgagr imurAnce in effect,or to provide a �:�'
<br />� • ' � . loss reservc,umil dx myuirement for mongage insuruncc rnd+in accorduncc wilh uny written agrcement betwccn Borrower
<br /> • ' und Lender or upplicuble law.
<br /> 9. Inspection. I.endcr or il� agent may makr rcuwnnble cmrie.up�M .uid inx�xctiom uf thr Property. Lender xhull
<br /> givc Born►wer nutice at the time o(or prior to un insFxctiun+�xcifying ma�unahle ruuu tiw the in.�xcticxi. '
<br /> � 'h .- - 10. Condemnation. The procred.of imy,iwurd ar rlaim ior damagr.,dircrt��r comryu�nliul,in connection with uny
<br /> , '� � Sin�tk t,wnily••Fannk ModF�eddie�fac l�Nlt'11R�f 1\ti"1'NU\tkti7'..Umlom�l'u�rnann Y/90 i�wte?��jnl+�ers�
<br /> . IdeJt V1tn d1W11lTtl 1��M1RL IM �
<br /> m��.k.��ax ��eouRao9aa�nrnxei�rm�•�ia� �
<br /> , � - _._.�._ ,. .. . . . ,nc.
<br /> , 1 .
<br /> • 1
<br /> . + � .
<br /> 1
<br /> i
<br /> f�
<br /> r . .. . _ _. _ . _ . . ..
<br />
|