|
.. • ;;:.
<br /> • ,,a,,,
<br /> f�� �., .... ,. • � , t r 1 L =--
<br /> � � � • • -
<br /> . _., . ,�.._,,_�, � __ -- - -,
<br /> . ..._ _.
<br /> _. . -� --..r • _ -- �!i��,. — �.. . r—_.. �., _:�..��__
<br /> - rt, � _�..�. .._.� — --- — e..�_
<br /> _•�..,.-� , . _,. _
<br /> :�. , _ _. ..:- , . _ _
<br /> .�: rt, f--------�---- .. . �,'y
<br /> ;�'� � .�'� �`"�: ";� .._. .,
<br /> .,.�,�il �.:.
<br /> ,
<br /> � � . -- ��==--_
<br /> -
<br /> _ � � -- 4�:,.;� . 92- ---
<br /> soss9e
<br /> ,,�_- -- periads thut Lender requires. The insurance carrier providing the insurance xhAll be chosen by Barrower subject to L.ender s
<br /> �—
<br /> eppmva!whieh shall not bo u�uieasonably wl�hheld. If Borrower fAlls to m�intpin covernge descrl6ed above,Lender may,at
<br /> -. .. . _._ _ �� l.ender R option.oi►tain coverage to protect I.ender's riahts fn the Property in accnrdance with paragrnph 7.
<br /> =.} All insurnnce pollcies and renewals 4hall be acceptable to Lender and shall include a s�anderd mongage cluuse. l.ender r
<br /> - _ � aholl have the right to hold thc policicf md rcnewnis. If Lender require�,Borrower shall promptly give to L.ender all rcceiptx
<br /> _ of paid premiums and reaowal notices. In the event of loss, Borrower ahall give prampt notice to the in�urance corrier and
<br /> ,..
<br /> �•.`�� , � ., Lender. Lender may make proof oP loss if not made�romptly by Borrower.
<br /> "� Unlcss l.ender nnd Horrower othcnvise n�rce in wdting,insurnncc pmceeds shell he applied to r+estoretion or repair of
<br /> �. __ - - - -
<br /> the Property damA$ed, if the �storatian or repair ia economically fewxible und Lender's security is nut lessened. If the
<br /> _...�- • �storation or repalr is not economtcally feasible or Lender:s security would be lessened,the insurunce proceeds shall be
<br /> '��r1- � - applied ro the sums secured by tids Securlty Instrument,whether ar not then duc. with any excess paid to 8orrower. If
<br /> . =_- --== Borrower abandons the Properry.or dces not enswer within 30 duys a notice from L.ender that the insurance carrier has
<br /> ---• offercd to settle a claim,then Lender may callect the insurance proceeds. Lender may use the proceeds ta repair or restore
<br /> -�;,� ���� the Propeny or to pay sums cecured by this Security Instrument,whether or not then due. The 30-dey period will begin whcn
<br /> --� ���u:�=::._;w::=3 thc notice is givcn.
<br /> � Unless Lender and Horrower othenNiae agree in writing,smy applicatfon of praceeds to principal shall not extend ar
<br /> ��'�`�i°•�i�' ' postpone the due date of the monthly payments referted to in parographa 1 and 2 or change the amount of the paymants. If -
<br /> �z�e.-z�.,�
<br /> ��`_��i't'�- `�'� under paragraph 21 tha Praperry is acquired by Lender. Borrower's �ight to any insurance policies and prc►ceeds resulting
<br /> �C,�� «';;:"�,'T:. from damage to the Pn+peny pri�rto the acquisition shall pass to I.ender to the extent of the sums secu�d by Ihis Secudry `
<br /> 7��'�+�`+�;:`- Inswment immediately prlor ta the acquisitlon. _
<br /> —=��"�!` 6. Occupaqcy, Preservpdon, Maintenance And Protection ot the Praperly; Borrower's l.oan ApplicAdon;
<br /> '", �� I.easeholda Borrower sh�ll occu establish.and use the Pro as Borrower's rinci al residence wfthin slx da s after
<br /> —��'--;''`�:�`.'� pY• Pe�Y P P �Y Y
<br /> ? �,���. `,�.�� the execution of lhis Security lnstrument and shall continue to occupy Ihe Property os Bortower's principal residence for at - �
<br /> �-�••--�• • -L: •� least one year after the dute of occupancy. unless I.ender otherwise agrees in writing� which consent shall not be _
<br /> - " ' ' �.',.,,;• um+euson�bly withheld,or unless extenuating circums�ances caiat which are beyond Borrower's control. Borrower shall not
<br /> s� �' destroy,damage ar impnir the Property,allow the Property to detedornte, ar commit waste on the Property. Borrower shall _
<br /> - �,r�i..,_;:. ....�:.•.r ��
<br /> =„� .�:,�;.;;;, . ,. ;�'` be in default if any forfeftu�e siction or praceeding.whether civil or criminel,is begun thut in I.ender'.s goad faith judgmenl
<br /> _T�; '�a�::zy�. • �. •<,>�j could result in forfeiture of the Piroperty or othenvise materially Impair the lien created by this Secu�ity Instrument or
<br /> - " �N t Lender's secudty interest. Borrower may cure such a defs+ult and reinatate,as pmvided in pamgruph 18,by causing the action
<br /> ' t ar proceeding to be dismisscd with a ruling tha�,in LenderR good faith determination,precludea forfeiture of the Borrower's —..
<br /> �.�b.- •b interest in the Propeny ar other materinl impairment of the lien cr+eated by this Secur�ty Inswment or LenderR secudty
<br /> - l.•.. -,' . . .. . . � �
<br /> - interest. Borrower shall also be ln default if BoRawer, during the loan applicution process, gnve materially false or —_
<br /> ' �� n� inuccurete information or slatemerxs to Lender(or fuiled to provide Lender with any muterial informotion)in connection wlth
<br /> =,:�=� �� ��� �,NLµ,:d; � the ban evidenced by the Nde.including, but not limited to, reprcsentAtions conceming Borrowerk cecupancy oP the
<br /> --_ �.ra�F w.--�:?� Property ns a principal residence. If this Security Inatrument is on u leasehold,Borrower shall comply wlth all the provisions
<br />-_ , ' of the Icase. If Borrower acquirex fee tide to the Property,the leasehald and the fee title shall not merge unless Lender agrces
<br /> - ' ; .�;`� • to the merger in wdting. _
<br />� � 7. Protection of I.ender's Qtights In the Property. If Burrower fuils to perForm the covenants ond agreements
<br />-� :=� • contained in this Security Inatrument,or there is u legul proceedin�thAt mny significAnlly uffect Lender's rights in the
<br />•� ' '1�,, . � Property(such ax a proceeding in bunkruptcy,probate,for condemnation or forfeiture or to enforce laws ar regulutions),then
<br /> . � , l.ender may do und pay far whatever is necessary to protecl�he vulue of the Properry und Lender's rights in the Property. __
<br /> �^ • � Lender's actions mny include paying nny �ums secured by a lien which hos priority over this Security In�trumen4 appenring
<br /> ���- • . ' in court,puying rensonable nttorneys'fees und entering an the Properry to muke repairs. Although Lender may take oction
<br /> � . r• under this puragraph 7,Lender does not huve to do�o. ��
<br /> !�'�-.. Any emountR disburxed by Lender under Ihi�parug�uph 7 shall become additionul debt of Borrower secured by this -•••
<br /> . '` ' �' •� °:'T• Security Instrument. Unless Borrower nnd Lender ogree to other terms of puyment,these amounts shall bear interect from the �"`
<br /> �'"`" date of disbursement ut thc Nae rutc und shull be puyuble, with interest, upon notice from Lender to Borrower requesting
<br /> . .f u --
<br /> �`�`, �• payment. �"-
<br /> ��+�'• � � • S. Mortgage Insurance. If Lender required mortguge insurunce as a wndition of muking the loan secured by this
<br /> .«�_
<br /> ' � Security Instrument. Borrower sholl pay the premium� reyuircd �o muintuin the mortguge insurunce in effect. If, for uny
<br /> .�*' , ''"'�""''�' ' '�".' rcason, the mortgnge inauronce covemgc requircd by Lender lapses or ceuses to be in effect, Borrower shull puy the
<br /> •• . ` •1f premiums required to obtain coveruge tiubslunliully cyuivulent to the mortsage insurance previously in effect, at u cost
<br /> - � ,.�: substantiully equivnlent►o the cost to Borrower of�hc mongagc insurance previou5ly in effect,from un ulternute manga�e
<br /> insurer uppruved by Lender, !f tiubstuntiully cyuivulent mi�rtguge insumnce coveragc is not uvuiluble. Borrower shull pAy to -
<br /> .�� �• ,' "` „ Lender each month a sum cqunl to one•twclfth of the ycurly martgugc insurance premium being pnid by Borrower when the _
<br /> '•�. " � insurance caveruge lupsed or ceused w be in effec�. Lender will arcept,use und retuin ihezc payments ns a losz reserve in lieu =,
<br />'s• �-� �.�`r�� ��;•� ` of mongage insurance. Loss rcservc pnyments muy no lon�cr be required,at thc op�ion of Lender, if mortgnge insursmce
<br /> �'�`�� coverage(in the umount nnd for the period�hat Lender rcyuires) pmvided by;u�insumr approved by Lender ugain becomes ��..
<br /> . • available und is obtnined. Borrower shall pay the prcmiums rcyuircd to muinluin mortgage inxurance in effect,or to provide A ���'�
<br /> „ � loss reserve,until the reyuirement for mortgage intiurance ends in uccordance wi�h uny written agreemem between Borrower
<br /> � ,�, . and Lender nr applicable luw. �,
<br /> • 9. Inspectlon. Lender or iix agent may makc rcaxonuhlr cmrir�upon wiJ impertions of the Propeny. Lender shull - _
<br /> • � give Borrower notice ut the time o(c,r prior to un insperti��n��xcif'ying mu�onable cuu.c for thr in�pectiem.
<br /> 10. Condemnpllon. The proc:eeds uf any uward or duiui fi►r Jumu��s,direr�or conseyurntial,in conneclion with uny �
<br /> � �.
<br /> ' F. . , Singlc Family-•Fannk Mae/FYcddlc lfuc ONIFIIRM WSTRU�1t:NT-•l�nif�xm Curemw�, 9/96 q�,�kr.f,j'n pr�.qeu �
<br /> ` .�
<br /> .> �, Grcal IYro Bunlunw Fa�tuM.Inr.�
<br /> .. To Ordu fall:IAOOS7Q9393 C7 MA%81619�•1131 �
<br /> �..'M
<br /> " " �
<br /> J �� °k �_�. __ __. _ :: • �..._.�..,.�.,.�- -. ... .. . ... _. .. _.-
<br /> : y
<br /> �'
<br />"!'i1�____ .�_'_J_"__ _ ___f "_:Z
<br /> . _ . _ '___'—; _ ._'- -__ _. '_ -._.. . "'_ . .. _ . . .... . . . . . . . . , . . . ' '_"" �.
<br /> .. k` '
<br /> ' .i .
<br /> P �.. ., . .. �
<br /> '
<br /> I ! .� � U ,i� i�k+"�� , .
<br /> VF'
<br /> � �
<br /> �`
<br /> ! r
<br /> •' � �
<br /> �
<br />
|