|
�. . . � .�
<br /> - ---- - --
<br /> -r . � � ' � � _--
<br /> , � ' _`. 1 uwr+�-.,` , -- ��_
<br /> `:;�y�' � �`v.:c,
<br /> in+k-
<br /> ,�
<br /> .,
<br /> _. �.
<br /> -�:' �,,.�.� 92— 1o73os �
<br /> _�
<br /> , pedad9 that Lender requirea. The insurance enrfier providing the inaurance shall be ehosen by Borrower cubjeet to Lenderls
<br /> ;h approval which�hdl nW be unreasonably withhold. !f Borrowtlr f�ils to maiMain coverage de:ic�ibed above,Lender may,At
<br /> Lender's option,obtain coverage to protect Lender's rights in the Property in accardance wlth paragraph 7.
<br /> All insurnnce polieies end renawals ahall be acceptable to Lender and shall includo a standard mortgage clausc. l,ender
<br /> w: � shall have the right to hold the policies and i+enewals. If Lender requires,Borrnwer ahall promptly give to L.ender all receipt�
<br /> � �-` -�� of paid pttmiums and rcnew�l notices. In the event of loss,Barrowcr shull�ive prompt not�ce w dte insuranee cartier and
<br /> �- L.ender. Lender mvy rnelce proof of losa if not m4de prompdy by Horrower.
<br /> Unless Lender and Bortower otherwise agree in wrlting,insurnnce proceeds ahall be applied to rcstoradon or rapalr o�
<br /> the Prc,perty demagcd,iF the rcstoratlon or rapair le er.onomically fcasible and Lender's securlty is nw lessened. If the
<br /> restoratlon or rcpair is not ceonamically feasiblo or l.ender's security would be kssened,the insurence proccedR ehaA be
<br /> --- -�-� applied to the suma secured by this Secudty Instrument, whether or not then due. with eny excess paid to Borrower. If
<br /> -- --- Borrower abandons the Proparty,or das not answer wlthin 30 days a notice from I.ender that the incure�tce carrier has
<br /> - -�^� °�_�-_��==-� offered to seule a claim,then Lendrr may culiect the insurance proceeds. I.ender may use the proceeds to repair or restore
<br /> �..—..�. -__.,, the Properry or to puy sums secured by�his Secudty Instrument.whether or not then due. The 30-day period will be�in when
<br /> _�:�,��� the nodce ia given.
<br /> ���� Unless Lender and Bartower otherwise agree in wrftfng,uny application of praceeds to principal shall not extend or
<br /> y.iau�.
<br /> . t}_ postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change tho amount of the payments. If
<br />�� under paragraph 21 tix Property is acquired by Lender, Borrower� right to any insurance policies and proceeds resulting
<br /> � �� from damage to the Properry priw to 1he acquisition ahell pasa to Lender to the extent of tha sums cecured by this Security
<br /> -- --�`_�=-=�� Insvument lmmedlately prior t�the acquiaition.
<br /> �"'�'°� '�' °�`' 6. Occupaacy, Preaervation, Maintenance and Protection o� tiie Property; Borrower'a I.oan Appltcatlon;
<br /> � �,... .�,.,
<br /> ___.-���_,n�� I.easeholds. Horrower shall occupy.estublish,and use the Property as Borrower�s principal residence within sixty days after
<br /> -:�:.. ;::,`�:�""�. the execudon of this Securiry Instrument and ahall continue to occupy the E'ropeny as Borrower+s principal residence for at
<br /> -�.=���;,�i�- least one year after �he date of accupancy, unless Lender otherwise agrees in writfng, which consent shali not be
<br /> �?;�,Y��«;,�� •* um+easonably wlthheld,or unless extenuating circumstances exist which are beyond Borrower's control. Borrower sheli nut
<br /> y , �, destroy,danage or irnpair the Properry,allow the Property to deteriorate,or commit waste on the Property. Borrower shall
<br /> T- �� ~r� -`'{°' � be in default if any forfeiture action or praceeding,whether clvil or crimtnal,is 6egun that in Lender's good faith judgment
<br /> �..� "-,^^
<br /> "�.r38` ir�' could reault in forfe iture of the Properry or othenvi�se materially Impair the lien created by this Securlty lnstrurnent or
<br /> ��.�. 'i Lender's secudty interest. Borrower may cure such e defauU w�d reinstate,as provided In parngreph 18.by cuusing ihe acdon
<br /> -�;���h���`� . or praceeding to be dismissed with n niling thAt,in Lender's good faith dete�minadon,precludes forfeiture of the Borrower's
<br /> -�� ,��f interest in the Property or o�her materiAl impaim�ent of thc lien created by this Security Insuument or Lender'a secudty
<br /> -- �'� " t interest. Borrowar �Mall olso be in defaut[ if Borrowcr, during the loan uppiicatbn procexs, guve mate�iully false or
<br /> i -�y�y�,�.�R�.;, iuu��:uiniz infu�-rnaticsri ar�s�tcrtunt�io l.cndcr iar failed to provide l.ender�ith any materis!tnformaticm)in c!►nnP�tinn with
<br /> �- d-.��.,�...�.,{..,,.. L the loan evidenced by Ihe Note, including. but not Ifmiled to, repre�entatfons canceming Borrawerb occupancy of 1he
<br /> �'.••h• ° Pmperty t�u pdncipal nxidence. If thix Security Inxirument is on a leaschold, Borrower shall comply wi�h all ihe provisions
<br />:<..y ��°��.•., ,-- of thc Icw;c. If Barrawer ucyuirca fee�iUc to thc Praperty.�hc leaschold nnd the fee tide xhall not mer�c uniess Lcnder A�Res
<br /> a to the merger in wdting.
<br />•`� ..::z1:.i� .,:.::<.:rr.:
<br /> .r-.s� � 7, protectlon of Lender•e RiRhts b the Property. If Barrower iails to pert'orm the covenants and ugreements
<br /> ' '"" " cont�ined in this Security Instrument, or there ix a legul proceeding thut may signiflcantly affect l.ender's dghts in the
<br /> �9 �,�;�,'.�_„�; Pmperty(such ax u prcx.�eeding in bunkruptcy,probute.far condemnation or fort'eiture or to enforce luws or regulutions).thea
<br /> _ , �'"� Lender may do and pay for whutevcr is necessary to protect thc vAlue of the Properry and Lender s rights in the Property.
<br /> _ _a;;;�},,,�,�;. .`�;;�;;�' . I.ender c uctions may include puying ony sums secured by u lien which hus priority over this Security[nsUvment,uppearing
<br /> ,,. �..: r,i,,, in court.paying reatioaable attorneys'fees und entcring on the Pmperty to make repairs.Althongh Lender muy take ection
<br /> "-<•�•°� .� • :�`"• under this parngrnph 7,Lender does not huve to do so.
<br /> • u,F,:� i Any amountx disbursed by Lender under this purugrnph 7 shull become additional debt of Borrower secured by this
<br /> :,,:� • _.y��
<br /> -__- . ;,,w,,, • Security Instrument. Unle�s Borrower and Lender ugree to other terms of puymenb these nmounts shall bear intercst from the
<br />: __ , . ^ �.. � date of disbursement at the Note rate and shull be pnyable,with interest,upon notice from I..ender to Borrower requesdng
<br />,;.,,� payment.
<br /> -� 8. Mortgage Insurance. If Lender reyuired mortguge insurnnce us a condition of making the loan secured by lhis
<br />.=_. � .-�'�!t Securiry Instrument, Barower shell pay �he premiumz required to muimuin the mortgage insurance in effect. If,for any
<br />_. •� reason, the mortgage insurunce caveruge reyuired by Lender Inpses or ceuses to be in effect. Borrower shall puy �he
<br />: ' . "'• T premiums required to obtain coverage substantinlly equivalent to the mortgAge insumnce previously in effect, ut a cost
<br /> � . substantially equivulent to ihe cost to Borrower of the mortguge+nsurLnre previously in effec�,from an ultemnte mortgage
<br /> � insurer approved by Lender. If substuntially eyuivulent mortgoge insurance covemgc is not available,Borrower shall pay to
<br /> """""�" Lender each month a sum c ul to onc-twclfth of the �url mon n e insurunce rernium bein rid b Borrower when the
<br /> " •,, ;�,�: q� Y' Y 8 B P S P' Y
<br /> �;• ��??�'` � . insumnce covernge IApsed or ceuzed to bc:in effect. Lender will uccept,use and retain these payments us a loss reserve in lieu
<br /> • .. - • • �►- of mortgage insurnnce. Lass reserve payment+mny no longer be required,ot the op�ion of Lender, if mongnge insurance
<br /> ° coverage(in the amount and for the period that Lender Ryuire�)provided hy Un insurer upproved by Lender ugein becomes
<br /> i �y;,�,. _ uvailAble and is obtuined. Borrowcr shall puy the premiums rcquired to mainmin mortgnge m+urunce in effect,or to provide a
<br /> 4�, ;�, _.,_ loss reserve,until the requirement for mortgage insurunce ends in uccordance wi�h uny written agreement between Borrower _
<br /> - -� • und Lender or applic�blc l�w,
<br /> fia 9. Inspectlon. I..cnder or its ugent muy mukc rousonuble entries upon:md inspertions of thc Property. Lender shull -
<br /> ` � � ' ° give Borrower noticr nt thr iimc oi or prior to un inspec�ion specifying rcusonable cause for the inspection.
<br /> " , 10. Conderopatlon. The proreed.of uny uwurd or claim for damagrs,d irect or conxcyuential,in connectinn with uny
<br /> ��.. .��• Singlc Famlly..Fannk Mae/4hddle Muc UNIFORM INCTRI I MENT••UnUomi Covenam� 9/90 (�)JgC.���Je�,,,x�•s►
<br /> . � .. Creat Idu+Buelpefe Fu�me.In[.�
<br /> „ ; Te QdR C`II I�BOD�63U93Y3 CI YA%6�&TYI•1181
<br /> . � o.�
<br /> . .'.' �S
<br /> C4 �, . .. . — — =
<br />--_�:tt:. �_�.�:il..!.k+ . .: .— . _ 3H��O/q�MLOF4Mr.C'(yw�.Mtt��RF✓�ni.._Sj,O _i��rsr:,�nl��rorr.._-.. . .. . , _ .��+-r�vw��.�_
<br /> . . r.w..a..rr.
<br /> .-.- __. __.____.. . . . ..�—�—. -:- _--, �. . , ., - '—._ " . . _...—__ "_ —'. —' - - _ .. ..
<br /> "" ��'__ - __�_�' . . .. __ . . - . .� . . . • _..
<br />- . �'Q. . _ _ - .. - - .-
<br /> _� , � •
<br /> • ; �
<br /> ,.l � . . . . . . .
<br /> � � ' �
<br /> r .
<br /> ��l4..,. �� � � . .
<br /> .� ' � .
<br /> �
<br /> ♦ •
<br /> i �
<br /> . .�/ . '
<br />
|