|
. • �� ._.. _�ih�„i ..,` " .�h. ..:r__ _-__
<br /> s �� ___.�—_--__—_ ... _ .
<br /> ,�. .,— _ _ ,� .
<br /> 92— 1osess
<br /> perfods th�t Lencler n:qulrca. 'Ilio insurance c�rfer pmviding 1he inuurwice eho��bo chosen by Barrower eubject t�Lender�
<br /> appmval which shall not be unteaaonably withlteld. IP Borrower f�il��a maintain covera�e descrihed obove.L.ender may,at
<br /> l.ender s�ption,obain coveraQe to protect Lender's rlQhts in theprc►perty in accordaacc wlth p�rngrnph 7.
<br /> . All insura�ce pnlicfes and rcnowals slwll be aceeptoble to Lender and sh�ll include n xtundard mortgage clauce. Lender
<br />- shall have the dght ta hold the palicies and rcnewels. If l.ender rcquires,Bortower shall promptly give to Lender all receipts
<br /> of paid pRmiums wul rcnewal noticea. In Ihe event of losa,Borrower ahull Qlve pr�mpt notice ta the inaurance carrier and
<br /> -.� Lerukr. Lender mry make proof of losa if nat madc promptly by 8orrower.
<br /> -�.:. ° - � U�less Lendcr und Borrower otherwise�ee in w�itmg,insurance proceeda sball bc applied to restoration ar repair of �
<br />- tbeProp�y dunwged,if the reatoration ar repair is ecanomlcally feasibk and LenderS� secudry is nd lessened. lf the
<br /> '_ -" rest ion or�cpsir [s not economically feusibk ar Lender5r security would be lessened,the insurance praceeda shel!be --
<br /> appl�ed to tt�e suma secured by this Secu�fry instn�ment, whether ar not then due, with ony excess paid to Borrower. If
<br /> Borrower abandons the Property, or dcea not anawer wfthin 30 days a notice frorrz Lender that the inaurance carrler has
<br /> _�-- �P�mperty ar to pay sums cecured by this Securit Inatrument h ther or not then du.u7'he�30 day pertad wil�begin w!�n
<br /> `—��°`-°"--°T°° the nodce is given. licution of eeds to rinci l shall not extend or
<br /> Unless Lender und Borrower otharwise agree in writing.any app' P� P P�
<br /> �-�- postpone tho due date of the monthly paymenta oeferred to in purngraph$ �end 2 a change the amow►t of the payments. if
<br /> under paragraph 21 the Property is acquired by Lender, Borrowerx rfght to any insurance policies and praceeds resulting
<br /> - from damage to the Property prior to the acquiaition shall pass to I.ender to ihe ea�ent of the sums s¢cund by this Security
<br /> — _--- Instmment fmmediwtely prior to the acquisidon. ,
<br /> 6. Occupqncy, Preservntian� MAlatenpnce a�d Protection ot the Property; Borrower e Loan AppUcAdon;
<br /> -�-��� l.earehalda Barrower shall occupy,establish,and use the Piroperty as Borrower's principal residence within siaty days after
<br />,_��:��;� ihe execution of thia Securiry]nsqument and shall continua to accupy Q�e Property as Borrower's princlpal resldenee for at --
<br /> 'y��,, least one yeiu efter the date of occupancy, unless Lender otherwise agrees m writing, which consent sholl not be
<br />_��t;-� ��°�y. � unrensonebly wlthheld,or unless eatenuating clrcumatances exist which are beyond Borrower's control. Borrower shall not -
<br /> �,� •• ••-��;,;,,_;;;� deatroy,damege or impair the Property,allow Ihe Property to deteriorate,or commlt waste on the Property. Bonower shall !
<br /> be in default if any forfeiturc action or proceeding.whether civil or criminal,ia begun�hat in Lenderk good faith judgment
<br /> ��9-�- could result in forFeiture of the Property or otherwise materfuliy impair the lien created by this Security Instrument or
<br /> �- Lender§security interest. Borrower may cure auch a default und reinstete,as provided in paragruph 18,by causing the action
<br /> �-_ .�� _ or proceeding to be dismissed with a ruling that,ln I.ender`�gaod faith determination,pnecludes forfeitun of the Bortower's
<br /> interest in the Property or other material impairment of the lien creuted by this Secu�ity Instrument or L.ender's security
<br /> y � intercat. Borcower shull alsa be in defnult if Bortower, during th� loan applks.ufon process, gave materially fulse or
<br /> '�,�„ , �:�:�• ' inaccuratc informWfon or statemenls►o L.ender(or fuiled to provid¢Lcuder with any rnatcrial informalion)in conncction with
<br /> tfH: loan evidenced by thc Note, including. but not limi�ed to. representation�concemiog Barrowcr's occupw�cy of the
<br /> °° _� ��y����;���r�;��ce. If�his Securiry Inswment is an u Iea�ehold,Bortawer xhall comply wi�h all the proviRions
<br /> ����+Y-:�„. � of t leave. If Borrower acyuires fee tiUe to�he Property.the leaxehold ond Ihe iee utle shaii not mer�e uniass I.e�ier a�rcc:s
<br /> '�'�,'�'1.��'.,:,,' :. � .�.
<br /> — `„�,r�1,�.-+...:.. ..:_:, to the mergcr in wdting.
<br /> �,��,�;� 7. Protectbn of I.ender's Rlghts in the Property. If Borrower fuils io perfonn the covenunt� and agreements
<br />`_� �� ..' , conwined in �his Security Inwtrument. or tl�erc ia u legal pracecding that muy dgnificandy ufFect Lender'.s rights in the
<br /> — ';,;;;s;:;,,�;�,��` Property(such ux u proceeJing in bunkruptcy,probate,for condemna[ion or fort'eilure or co enforcc IAws ar regulutionx),then
<br /> '�' l..ender muy do und pay for whntever is necessary to procect�he valuc of the Property and Lender's rights in the Property.
<br /> � �;:!, • Lender's actions may include paying any sums secured by n lien which hac prioriry over ehis Security lnsuument,appearing
<br />_���':�;� • M couR,paying reusonnble attomeys'fees und entering on the Property to make repairs. Although Lender mwy take ection -
<br /> �--'a��� under thia pamgrnph 7.[.ender Ja:s not have to do so.
<br /> �.:�h.1�..�._.
<br /> � - Any amounts disbu�ed by Lender under this paragrnph 7 shull becomc additionul debt of Borrower secured by this
<br /> .:;�r' �`- Security Instrument. Unlesc Borrower and Lender ugree to other terms of payment,these amounts shall bear interest from the
<br />_���+""' . „ date of diybursement at the Note rnte und shull be payable,with interest,upon notice from Lender to Borrower requesting
<br />:.� ,r..... ... payment.
<br />-A���''.,�„'�,,�,��0 8. Mortgnge Insurance. If Lender required mortgoge insurunce as a cond[uon of muking the loan secured by this
<br /> Security Instrument. Borrower shull puy the premiums required to maintain the manguge insurnnce in effect. If, for any
<br />-� '�;���� "�'' reason, �he mortguge insumnce coveruge reyuired by Lender lapses ar ceases lo be in effect, Borrower shull pay the
<br /> � ,,�'�����„-'>..V.ti.;�,•,. pnemiums required to obtain covemge substor►tially equivalent to the moriguge insunince previously in effect, at a cost
<br /> � :'�. substantially equivulent to the cost to Borrower of the mortgage insurunce previoutily in effect,from un ultemate mortgage
<br /> -�•��'� � insurer approved by Lender. If substentinlly equivulent mortgnge insurnnce coverage is not uvailable,Borrower shs+ll pay to
<br />'_ '-���� ° -T Lender ench month p sum eyual to one-twelfth of Ihe ycurly mongage insurance premium being paid by Bortower when the
<br />"�'- ,.� insurance covernge IApsed or ceased to be in effect. Lender will uccept,use swd retai n these payments us a loss reserve in lieu
<br /> ���:'�•�=�*;,.:.';�:;`.• of mortgage insurnnce. Loss reserve payments muy no longer be reyuired,ut �he aption of'Lcnder,if mortguge insurunce
<br /> �1°�'y'��' ' . �" covernge(in the amount ond for the period thut Lender reyuires)provided by un intiurer upproved by Lender uguin becomes
<br /> uvailable nnd is obtained.Borrower shull puy the premiums rcquired to maintuin murtgage insurance in effect,or to provide a =.
<br /> ���-"'•�'�►�^ loss reserve,until the requirement for mortguge insurance ends in uccordunce wi�h tiny wrinen ugrecmem between Borrower _
<br /> .,f. und Lender or applicuble luw. "
<br />_ � • ' 9. Inspecfion. Lender or its ugent muy muke rcu+onnble entrie+upon smd inxpcctions of the Pr��peny. Lender shull
<br />_�� ° give Borrower notice ut the time of or prior to un inypection specifying reaxonuble cuuse t��r the inspection. -
<br />-_ !0. CondemnpUon. The praceeds of uny uwurd or claim for danuigc+,dircct m conseyucntiul,in connection wid�any _
<br /> �' �
<br /> `�� , Singk Fomlly--Funnle Moe/FYeddk Mac UNIFORM IKSTRUMBNT••Undumi Cbven;uu+ 9/90 qwxr 3��Ja�xes� �
<br /> .��.w'�,y po nnNr fall:I�i0QmG03�3 O PA1I B147Dbt f 31 ��...
<br />--�' �,. . ,., � t °
<br /> .� • .
<br /> .a. �ti, ". _ . . _... � . � . . ---- - .-. .. _ . `...r .. . . -..�-..--r-+.-��n�u..p.:'�.z� .r-
<br /> .t..a,:.+N:.�1�.
<br /> 't o.' :'�`"__�--'r":S"?'."°' °i7 . . .
<br /> ti�
<br /> —���'1Ld`��6i���ii1'MSF� � . . � � . .- � ' ,. .. ' _.
<br /> .,;.. . . .
<br /> . . .. . ----�- - -_..�__-�.
<br /> "'�'--�.`.."��--� --- •-- _.. .. -'._ . . ' ..---._.'--- - �—---'--'—
<br /> —�' - _''-`- -`�T:-�_.� .:'-__..- --
<br /> - '. . . _... .._. __.
<br /> - '. '-.'�----.. .. -- -
<br /> .,- -
<br /> -- ' "'...—'-- ..
<br /> _ —._- ---- --------- --- -
<br />--"-� �a � . .. . .
<br /> r . .
<br /> .v ' ,
<br /> ! . "
<br /> ••.. „ .. . . ..
<br /> � . •�e' .
<br /> �, •� ���' �� ' .i .
<br /> ;;
<br /> ..` , ��... + .. ..
<br /> '
<br />- N .. �
<br /> s �� ;
<br /> ,
<br /> 5 �
<br />
|