|
_. .:..�. : . » """`�',�`� .; -��.s ��� .�:�_ _ __ _ _
<br /> ' t,,,�x ���, • �� � ... ;:,_.t...,::,.�.
<br /> , • � - t � ,4�Y � . ��" �� .. �MM�r��
<br /> � .a . .. 6.`• "n • , `?.
<br /> � .I .. . ,., - __'_ ._
<br /> � i•:A`�;,+ni..'� • Vf���s�� --.
<br /> .. M y,1,,,,,��ry' �
<br /> ry�\
<br /> ; . n pe�ials thot Lender�eyuirew. Thc inaurAnce cArcicr provfding thc insurance�hall he cho,en by Barrower subJect to Lendcry
<br /> approval whkh shall nd be unrcu�onubly wiihheld. If Burrower fuilK to muintain rovemge described abovo,Lender tn�y.et
<br /> e. ,'��;�;;;:�, Lender's opNnn,abtafn caverege to protect I.ender K righta in the Praperty in uccardcuke wiih paragraph 7.
<br /> . �'�~•-A•.•�- All inaurunce pol�clea und renewuls shall be ucceptuble ta L.ender und xhull include u stu�dard monguge clAUSC. Lender
<br /> '• ��"." shell huve thc�l ht to hold the licies und renewais. If Lendcr re uires�.BoROwer shall rom U ivc la Lender�II raei
<br /> "w�.:i�.. B Po q P P Y 8 P�
<br /> � �-•.�--•.;�=:'� .•, of paid premiums and rcnewal �otices. In the event af lo�s,Soaower ahell Qive prompt notice ro tho inaurance cartior s�nd r___
<br /> `�, � �`%,Y Lendcr. Lcnder may make proof of loxti if nat mudu promNdy by Borrower.
<br /> "'V Unleas Lander u�d Sc�rmwer othenvise agrec in writing,insurance proceeds Khall he upplied tn restorAtion or rep�ir of
<br /> � ,.>> �`°"°`� the Property dumaged.if tFic restarution or r+epai� is economicolly feusible und Lenderx secutfty ix not le�sened. If the
<br /> �� ,. ,' � �t��f resturntion or re air iR not aonomicnU feusible ar l.enderk :cecurlt wcwid be lessened,the insurance proceeds ahell be
<br /> +��vt�. is�i:.• P Y Y
<br /> ��,�:,,.;: . „{ j� applied to the aums secured by this Securlry In!�trument. whether or nat Ihen due, wilh any excess puid to Borrower. If
<br /> —_ ,�,,,-.,:. �:::�� Borrower abondona the Property,ar does not unswer within 30 duys a notice from Lender thut the insurnnce cerrlor has
<br /> — • T��'x"�"'x�� offered to settle u cluirn,�hen Lender muy collect ihe insurance praceeds. Lender rnuy une the prnceeds to repuir or rcs�orc _ _
<br /> u c;,;. .. . thc Property ar to pay sums r,ccured by this Security Inxlrument.whether or not Ihen due. The 30-duy periad will 6egln when
<br /> �;...,� 1 . 1he notic�is given.
<br /> �=•S}". • Unless I.ender and Bortower otherwise ugree in writing, uny npplicution of procceds to principal sholl not extend or _
<br /> � ��`: ry �� � postpone U�c dua date oi the man�hly pAyments referned to in pamgrnphs I and 2 or change the omount of�he payrneMs. If
<br /> — ?'•'"� ��s�'!'br'�"`"�r. under patagmph 21 the Property is ucquired by Lender, Borcowar's right to smy insumnce policies and proceeds resulting
<br /> — from damege to the Property priar to the acquisition shull puss to Lender to�he extent of the sums secured by thls Securfry
<br /> � � ��'� � �� lnstrumenl immediately priorto the acquisition. �
<br /> °_°-- _'•�`-=�``'-� ����µ� 6. Occups�ney. Preservallon, Melntenance apd Protection oP the Property; Bo�rower's Loan Applicat[on; r_-
<br /> ���.; ~ q• r � '..6`''''� I.et�seholds. Horrower shall occupy,establish,and use the Property us Borrower�principal residence within alxty days after
<br /> -- ' the execution of this Securiry Ins�rument and shall cominue to occupy the Property as BoROwerl�principnl residence for at
<br /> r.
<br /> . :�- �F'I ••' � least one year after rhe date of occupancy, unlecs Lender otherwise ugrees in writing, which consem shall not be
<br /> r,�:: �- ����'� unreasonably withheld,ar unless extenuuting circumstencas exist which are beyond Bomower c control. Borrower shall not ` �=
<br /> ' ��� �*"' destro .dama e or im ir the Pro rt . allow the Pro rt ro detariorate,or commit wuste on the Pro rt . Borrower shaH �'-
<br /> Y � Pa Pe Y Pe Y I� Y :�_�
<br /> `c`;�- be in default if any forfeiture action or proceeding,whether civil or criminal,is begun that in Lender's good faith judgment -
<br /> =q • could result in forfeiture of the Property or otherwise rnaterially impafr the lien creuted by this Security Instrument or m�_
<br /> = • " Lender's securlty in�eres�. Borrower may cure such a cleFault und reinstate,ns provided in paragraph I8,by causing the act ion �``
<br /> -�+ •.�r,; .... or proceeding to be dismissed with u ruling that,in Lender's goad faith determination,precludes forfciture of Ihe Borrower's
<br /> :.f " � interest in the Property or dher muterial Impairtnent of the lien created by this Security Instn�ment or Lander's securiry __
<br /> -" ' interest. Borrower�hall also be in default if Borrower, during the loan application process, guve materially false or °—
<br /> `�`�7�� '�_ ,..;. x.e� inaccurute information or sta�ements to Lender lor failed to provide Lender with any material information)in connection with _—`
<br /> — - -
<br /> .__ -�
<br /> . ��- r�►k� ���` -' the loan evidenced by the Note, inciudinR, but not limited to, represen[ntions concerning 8orruwer� �x:wptuK:y� e -
<br />_. . , � Property as a priocipal rcsidence. If this Security Instrument is on a leusehold,Borrower shall comply with nll Ihe provisions _-Y
<br /> �• of the Icase. If Borroweracyuires fee title ta the Property,the leaxchnld und the fee title shall not merge unless Lenderagrees _
<br /> ' , to the merger in wri�ing.
<br /> 7. Protectlon of Lender's Righte in the Property. !f BoROwer fuils to perFomi the cuvenants mid agreements -
<br /> ' contained in this Security Instrument, or there is u legal proceeding that ms�y significantly uffect Lender's rights in the _R,_
<br /> � � Property(such ns a proceeding in bankrup�cy,probate,far condemnution or forfeiture or to enforcc laws or regulations),then
<br /> __ . ' l.ender may do und puy for whutever is neccsxary to protec� the vulue of thc Piroperty and Lendcr's rights in the Property.
<br /> � � Lender's actions muy include paying uny sum>>ecured by a lien which hu.prioriry over this Security Instrument,appearing �':,'-
<br /> ���� . . ,,, .,: � in court. pnying reas000blc uttomeys'fecs and entcring on�he Prapeny �o mnke repvirs. Although Lender mny take action
<br /> �- � under this parAgraph 7,Lender dces not huve to do so.
<br /> �. . , „ Any c►moums ditibuned by Lender under Ihis pumgruph 7 shull becomc addi�ionul debt of Borrower secured by ehis ��_T'
<br /> 1�• Securiry Inslrument, Unletis Bortower und Lender ugrcc to olher tcrnis af puyment,thetie nmounts shnll beur interest from the 1`:.�
<br /> �" • � � date of disbursement at Ihe Note rnte und sholl be puyuble,with inrerc�t,upon notice from Lender to Borrower requesting ...;
<br /> n ment.
<br /> �Y � �•�r „ P Y 8. MoMgage Insurance. If Lender myuircd mongugr in.uruncc u. u wndiiion of making the loun secured by this •=_
<br /> ` �� Security Instrumeni, Borrower xhall pay the premiums reyuired to muirnnin�he mortguge insurnnce in effect. IF, for any _�:':
<br />'i�� ,. reason, the mongage insurance coveruge reyuircd by Lender lup.es or reuses to Ue in effect, Borrower shall pay the ��_-
<br />- • • � premiums required to obtain rovcrage substuntiully eyuivulcnt to the mortguge insurunce previously in effect, �t u cost _
<br /> • substantiully equivo�nt to the cmt to Borrowcr of the mongagc inyurance previously in effect,i'rom un alternate mor[gage � -
<br /> 3 ° � insurcr opproved by Lender. If substuntiully eyuivulent mungage insuruncr coveragr is na uvailuble,Borrower shall puy to �'�
<br />� � ° Lender ench month a tium cyuul ta onr-twclflh of Ihc yeurly monguge inwruncc premium being paid by Borrower when the
<br />'� :�� _ . � ., insurancecaverage lapsed orccused to he in effect. Lender will arcept,use smd retuin these puyment�as a loss reserve in lieu �•��'
<br /> r�• • o of mort�age insurance. Loxs rexervc puymcntx may no longcr be rcquimd,at thc o�ion of Lendrr, if mortgage insurunce
<br /> coverage lin the amoum and for the periad tha�Lcnder reyuire.l provided b��un insurer upproved by Lender ugain becornes
<br /> . ��� uvuiluble and is ob�ained.BaR��wer xhull pay tFx:premiums reyuircd to muin�uin mimguge insurnnce in effec�,or to providc a �
<br /> ", • . � loss reserve,until the nyuimmem for mortgugc insuruncr cix1�in accordance with uny wriucn agrremrnt betwcen Banower
<br /> and Lcnder or applicuble luw.
<br /> 9. Inspection. Lender ur i1ti ugent muy mukc rcutionuhlc entrirs upun:mJ in.pectiunti of tlx Prnpeny. Lender shull
<br /> " . � . give Bormwcr noticc at ihr timc ul'or prior to un inx�xriion xprcifying rru�onablc cau,c for thc in.r�xcti�m.
<br /> 10. Condemnation. Th� pnxeedti of any award ur rlaim lin•J:im:�gc�,dir�rt or am+ryucntiul,in rnnnectian with�ny
<br /> � S�n�l�Famdq• Mynnk�fac/Freddk 11nc l'\IFI1R�11YtiTRU\fENT••U�zu��rni Cu�cn:m�. 9/99 ip��.«•?u/npr.����i I
<br /> �
<br /> - 1'�rcal 4dn Pusmr:o Fu�m+.lnr �
<br /> ' � lu Ih�kr I:all 1�lMILL.i:N}419:1 Cl MAX OItiT91•113) � .
<br /> u : ` !
<br /> ♦ _--___.._. .'__ .... . . . .. .'. __. _ _. ._. .... ...
<br /> �.�__ . . .. .
<br /> l ,�
<br /> . `
<br /> . �
<br /> 3 . 1
<br /> : •� � '
<br />
|