|
r�� � � _ �, �iilwfi[_:,��:`p.��., .. ., • '�
<br /> , t • .�a y7�p���'$"��[]'�� '1rVd'"�' ' ..._..
<br /> � � . . •�?V�7""-�.� � �/1 r.fkr���-'
<br /> .. .f ,��.rr�J/��,�I!''i _. .._t`_
<br /> ' �1' ' . -_.. __ ___-.
<br /> _ _�- _ - 92�
<br /> -`" . pedods thnt l.endor rcquir+ea. The insumtico curricr providing the Insurancc sholl be chosen by Borrowef��16�r�
<br /> .— approval which shnll not be unreasonably wlthheld. lf Bormwer foils to maintain coveragc descrfbed above,Lcnder may.at
<br /> -- Lender�s option,obtain covernge to protect Lender's rights in�ho Propeny in accardance with paragrapb 7.
<br /> All insurance polictes end renewels shnll be acceptable to i.encler u�d shall lnclude u xtnndard mortgage clauRe. Lender
<br /> shall have the right ro hold the policles And renewals. If Lender requircs,Borrower ahall pmmptly give to Londer all receipta
<br /> of puid premiums wtd renewal notices. In the event of loss,8arrower shnll give prompt notice ta the insurance carrier and
<br /> _A L.ea�dcr. L.ender may make prmf of loss if not m�de promptly by BorroNer.
<br /> Unless L.ender and Borrower otherwise agree in writing,inaurance proceedx xhall be upplied to reatarntion ar rcpair af
<br /> tho damaged, if the resturution or repuir is ecanumicully fcasibic+u�d Lcndcr ti security is not lessencd. If the
<br /> --- - rcstorat on or repair is not econamically feasible or Lender'x security would be lessened, the Insurance pra:eedq Khall be
<br /> applled to the sums secured by this Security Insuument, whether ar not then due, with any excess paid to Borrower. If
<br /> �--����■ Borrower abandons the Property,or dces not answer within 30 days a notice from Lender thet the insurunce carcier has
<br /> - ;`+,--- offercd to settle o claim,then Lender may collect the insurance proceeds. Lender mny use the proceeda to repulr or rcstor�e
<br /> _ • .�� the PropeRy or to pay suma secured by this Sesuriry lnsirument,whether or not thcn due. The 30-dwy period wi116egin when
<br /> —_��-�,�---� the notice is given.
<br /> ��aex� Unless Lender and Borrower atherwise egrcc in writing.any upplication oF praceeds to princlpal shall not extcnd or `
<br /> _ postpone the due date of the monthly payments riefemed to in paragrnphs 1 and 2 or chenge the a�nount of the paymen�s. If
<br /> �+� under pnragmph 21 the Pcoperty is acquired by l.ender. Borrower's right to any insuraace policies nnd proceeds resulting
<br /> - f�om damage to the Property prior to the acquisition shall pass to Lender to the extent of the suma securcd by this Securlty
<br /> _ __ _ Inatrument immediately prior to tl�e acquisition.
<br /> == 6. Occupaacy, PrcservAtion, Malntenance and RrotecNon ot the Property; Borrawer'a I.o�►n Applicotion;
<br /> ��, I.eASeholda Borrower shall occupy,establish,and use the Praperty ax Borrower�principal residence within sixty duys after
<br /> �.�,,_� the execution of this Securiry Instrument and shall continue to accupy the Property as Borrower's prfncipal residance far et
<br />- „ -�•�-;,, , . least one year after the date of occupancy, unless Lender athenvise agtees in writing, which consent shell not be
<br /> ___�=��,ar-:M�:- .:��., unreaso�ably withheld.or unl�ss extenuating circumstunces exist which are beyond Bormwer!s conuol. Borrower shall not
<br /> ' destroy,damage ar impuir the Property,allow the Propeny to deteriorate.or commit waste on the Property. Borrower shall
<br /> '�� �..;:. ; ,.; ;��� 6e in default if any forfeiturc Qction or proceeding,whether civfl or criminal,is 6egun that In Lender's good fuith judgment
<br /> could result in forfaiture of the t'roperty or otherwixe materially impair the lien created by this Security Instrument or
<br /> ° � Y� �> Lender�security interest. Bomower may cure such a default and reinstate.us provided in paragraph 18.by causing the actian
<br /> -��:r�i��FU:�r:�, or proceeding to be dismiased with a ruling Ihat,in Lender's good faith determinntion,precludes forfeiture of the Borrower's `
<br /> '°� �t�,s interest in�he Property or other materinl impnirment of the lien created by this Security Instrument or Lender's security
<br /> ���-. interest. Borrower shall ulso 6e in default if Borrower, during the loun npplicutian process. guve materially false or
<br /> - y'��;:�:��{• " y� inaccurate information or statements to I.ender(or fuiled to provide Lender with any material infarmation)in connection wlth
<br /> = �'�''""�� "" the loan evidenced by the Note. including. but not limi�ed ta, repr�esentations concerning Borrowe�'s occupuncy of the
<br /> �;n;�." •��� Property as e principal residence. lf thia Secudty Instrument ir on a leasehold,Borrawer shall comply with all the pmvisions ._
<br /> �='�'�``:�"`_��"-�!^"--'""'- of itK fesse. If Anrrov:er scqaires fee title sn the Properiy,the leaseholtl end the fee tltle ahell n�t merge nnle.cc L.ender agr+ees
<br /> ��',�„;: . to the merger in writing.
<br /> = � ,,., , 7. Protectton of Lender's Rights in the Property. If Borrower fails to perForm �he covenants and agreements
<br /> -- 'A ,_ ` cantained in this Security Inswment, or there is u legul proceeding that may signlficantly nffect I.ender's rights in the -
<br /> - �• Property(such at:a praceeding in bunkruptcy,probate,for condemnution or forfeiture or to enforce laws ur regulations),then
<br /> 1� ;�' � ^ Lender mny do and ppy for whutever is necesaary to protect the vulue of the Property and Lender's rights in the Property.
<br /> '�^� � " Lender§uctions may include paying uny sums secured by a lien which hns priority over this Security Instrument,appearing
<br /> '�� ' ' ��' in court,paying re.usonuble attomeys'fees and entering on the Property to make repnirs. Although Lender may Wce action
<br />-�_�.� �J,.-_ �.' c
<br /> '; ,�.�. under this paragraph 7.Lender dces not hnve to do w.
<br /> � ' "`` Any amounts disbursed by Lender under this pamgrnph 7 shull become additinnnl debt of Borrower secured by this
<br />_ � _�""` ' •`'�'° Sccuriry lnstrument. Unless Borrower und Lender agree to o�her�erms of pnyment,these amaunts shall bear intemst from the _
<br />.� '"",�""�` •� "' dute of disbursement nt the Nnte rnte and shull be puyuble,with intercst,upon notice from Lender to Burrower requesting -
<br /> .-.; payment.
<br /> - �4►��,_�':• �� " S. Mortgage Insurwnee. If Lender required mortgnge insurnnce us a condition of making the loan secured by thia
<br /> -..��� • :�' Security Instrument, Borcower shnll pay the premium�reyuired to muintuin the mortguge insurunce in effect. If, for any r
<br /> _�� _, reason, the modgage imumnce covemge required by l.ender Inpses or ceases to be in effect, Borrower shall pny the
<br /> �,;;: � � � •��'' . premiums requircd to obtuin covemge substuntially equivulent to the mortguge insurunce previously in effect, at u cost
<br /> ' ,�Yr�w;'�; substantially equivalent�o the cost to Borrowcr of the monguge in�urance previously in effect,from nn altemute mortgage -
<br />: � , .,'�• - insurer upproved by Lender. If substcintially equivalent mortguge insurunce coveruge iz not uvailable,Borrower shall pay to
<br /> �� Lender euch month a sum equal to one-twelflh of the ye:u�ly monguge insurance premium being paid by Borrower when the
<br /> � ��,� ' insurance coverage lapsed or ceased to be in effect. Lender will nccept,use and retnin�hese payments us a loss reserve in lieu -
<br /> � .,�..,, of mortguge in�urance. Loss reserve payments muy no longcr 6e reyuircd,u� the option of Lender,if morlgnge insurance -.
<br /> �''� ' coveroge(in the wnaunt und for the period that Lender Ryuire�)pmvided by un insurer upproved by Lender again becomes
<br />� . avniluble und is obwined.Borrower shall pay the premiums rcyuired to maintain mongngc insurnnce in effect,or to provide n �
<br /> � � � �`� 6 loss rcserve,until ttie requiren�ent f'or mortgage insurunce ends in accordunce with nny written agreement between Borrower -
<br />_"�� . : � ,, •� and Lenderor upplicuble luw. _
<br /> ' � i� " �� 9. Inspection. Lender or its ugent muy muke rcu.onable entries upon and in.pections of the Propeny. Lender sh�ll __
<br /> „ ° give Bornower notice at thr time of or prior to on inspectiun sperifyin�rcu�onahle cau�e fi�r the in�p�:ction. =-
<br /> 10. Condemnation. The prcxeeJ�of.my award or claint for dantagcti.dircrt or ronxquentiul,in ronnection wilh uny
<br /> .. e Singte Famfty-•Fonnk Mae/hhddk Mac UNIFORM INSTRl1�/F.N7'-•Uniform Cnvenum, 9/90 �pu,¢�•t a/n�Xes�
<br />� • r 1'+w�IB�w&mlet�Fmn�.Inc ■
<br /> . . Tn nnkr CWI fA0US7P93YCt O YA1(B1ifY1•1171 � .
<br /> r
<br /> .< '
<br /> ; ,
<br /> �. 7�.-.--�.w.-��.�___'__w-_-�-r _.._ . . , . ... —_'. '_ ' ' ' . . .__r .:� r. � .
<br /> -P � .� . . _ . .
<br /> �-_.- '_$-�__1'--_ •_-` _• - .-_:____.-.__ . .__._...._ . �
<br /> Il �,
<br /> ` ,�.
<br /> n .
<br /> . .� � _ . ' • - .
<br /> �� . . ,�1, a�yl .. .. " �� , .. .
<br /> �l
<br /> �
<br /> ._ "___ . _ . .___ � _ _ ._ . .
<br />
|