|
.:r �: ..
<br /> � .
<br /> � � � �� .
<br /> ,,�,�wt*�os�
<br /> - . __�,;..:c.C. . , .�. ..'_ '
<br /> ..� -_ -. . . . , -.. . . .._ _—. ' .. . _._. _... �'.��f�
<br /> l . .. .. . . y�.
<br /> ; , .. . - �� - . � � .. � _ — — -_
<br /> . .. . . . -.Y ...ltT •... .. .. . •/!F�1r�"11'JZ'tdS/ . .. . �1(�_ -` -
<br /> � ..
<br /> .
<br /> :. � . .
<br /> •
<br /> •- i..�.; +f�t� -L
<br /> �
<br /> ., F� . _x.: .... ....._ . .. .... .. .. .. . . . .. . ...
<br /> .. .. _. .. .. . . . ._ _ . . . .. ., . ... . .... ..., .�"ti w:��i" y_`a
<br /> . � :� �T��to���� .�
<br /> � � �
<br /> .r•. HuiairQ or Prupe�•t� Insuri►nre. Ei�,rr�n�rr tihall krrp thc impn,�rmcn., n���v rxi,tu��: ur I�crcalicr rrcrl�d nn tb�
<br /> , Pn,perty in�wril aEain,t lu„ h�• lirc. har.ud, i�irluclrJ wiihui �lir tcrm °cxtrndrd ru�•crugc° and :ury ��thrr huiarJ,, including
<br /> , Iluixl, i,r IluudinE, li�r�ahich I.cndrr rcquire� in,uraurc. 'I'hi, inu�riinrc,hi�ll hr maintainrd in�hr amuuni�un�l fia� Ihr prrii�dti
<br /> ' d►al l.endcr r�quir�s. 1�ht I�lsur.�ltrt; riirrirr pmvidintt tlir iusuranr� tihull fti< <'hu+Cn hp l3urruw��' �uhj��l lu I.�ndrr'+appruval
<br /> ; which ,h,ill nin h� unr�u,unahly �vithhrld. If t;orn►wrr I:iil+ tu ini�inttiin r���-cra�:c dr+rrihrd ahi�vr. l.�ndcr may. ,�t I.rndcr'+
<br /> : uptiun. ��btuiu cuverag�tu prulccl LcuJcr',iigl�l�in llrc I'rupc�ty in ac�utd:ut�c wilh p:ua�.raph 7.
<br /> , ° � All in�w•unrc pulicics und renewalti tihall Nc ucrcpu�hlc lu IAndce,uid .hidl inrludc u +tundurd murtgagc cluutic. Lcmlcr i
<br /> ," y;� tihall huvc thc right tu hold thc pulirics nnJ rcttcwals. I(l.cndcr rcquireti. Hi�rr��wcr shall prumpdy givc to l�:ndcr ull rcrcipts a(
<br /> ,��,,,,� paid premiums and ronewal nutices. In the evcnt nf I�»s,Borro�vcr,hull Eivr protnpt noticc to the insuriuue cw•rirr i�nd L.rndcr.
<br /> I.enJcr may makc pmc�f uf Ic�ss if nnt madc prompdy hy Bcvrowcr.
<br /> Unlcss L.cndcr und Burrnwc�uthcrwi�c agrcc in writing, in�uroncc prarccds shidl bc upplicd to rctitoratiun or rcpair of thc
<br /> � Pruperty dumagcJ, if thc restoratioii ur repair i, ceunumirully fuu,ihle and Lender's security is not Iessencd.If the restoration or
<br /> repair is not cconomirully fcasihlc ur L.endcr's �aurity would bc Ic��ened, the insurance procecds �hall bc applicd to thc sums
<br /> � sccured by this Sccuriry Instrument, whethcr c�r not thcn dur, with any cxccss puid to Borrc�wcr. If Borrowcr ubandons the
<br /> Property, or docs not nnswcr within 30 days u nmice from Lender thut thc insurunce currier hus offcred tn setNc a cluim, then
<br /> ° Lender may collcct thc insurance prcxccds. Lendcr may use thc pr��cccds to rcpair or restorc thc Property or to puy sums �
<br /> , secured by this Security Instrument, whether or na then duc.The 30•duy period wiU begin when the nutice is given. �:'
<br /> Unless Lender und Borrower otherwise :►grcc in writin�, any application of pmcceds to principal shull nnt cxtend or �r�
<br /> postpone thc due datc of thc monthly paymcnts mfcrrcd to in puragraphs I and 2 ar chungc the amount ot'thc payments. If � ,`
<br /> under paragraph 21 che Properey is acyuired by Lende,•.Borrower's right to any insurance policies and proceeds resulting from ��'
<br /> damage to the Propeny prior to thc acquisition shall puss to l.endcr to the extent of the sums securesl by this Security Instrument �-
<br /> _ .��• immeciiatcly prior to thc ucquisition.
<br /> �..�.:
<br /> 6. Occupancy,Preservutian,Muintenance and Prntection of the Property; Borrower's I.oun Appllcation; Leuseholds. �+f
<br /> . „ ; Borrower shnll occupy,establish,and use the Property as Borrower's principul residence within sixty duys after the execution of =
<br />;,_�:,; this Security Instrument und shaU continue to occupy the Property as Borrower's principal residence for at Ieust ane year after °--_
<br /> � `� the dute of occupancy, unless Lender othenvise agrees in writing, which consent shall not be unreasonably withheld,or unless �w
<br /> ��, , �.' - extenuating circumstances exist which are beyond Barro�ver's control. Borrower shull not destroy, damage or impair the —
<br /> � •�' ° Property, allow the Property to deteriorate, or mmmit waste on the Property. Botrower shall be in default if any forfeiture
<br /> •. action or proceeding, whether civil or criroinal, is begun that in Lender's good faith judgment could result in forfeiture�f the =
<br /> y�f._�• � :� Property or otherwise materially impair the lien created by this Security Instrument or Lender's secunry �nterest. ifonower may �
<br /> ,:":��•.,� , cure such a default and reinstate,as provided in para�raph l8, by causing tha action or proceeding to be dismissed with a ruling
<br /> -, c�.
<br />'; .�• • that, in L.ender's good fuith detemiination, precludes forfeiture of the Borrower's interest in the Property or other materisl
<br />-::;;�'w;.,-',F•. . .
<br /> ___. �?,�,,k, impairment of the lien created by this Security Instrument or Lender's security interest. Borrower shall also be in default if
<br />��a`., -�.: .. Borrower, during the loun application process, �ave materially false or inaccurate information or statements to Lender(or failed
<br /> " .:;;r..:.;.
<br /> N,.s}•; to provide L.ender with any material information)in connection with the loan evidenced by the Note,including,but not limited
<br /> u-��'=�:�,� to,representations concerning Borrower's occupancy of the Property as a principal residence. If this Securiry Instrument is on a
<br />� �'.i��"�R.•�
<br /> leasehold, Borrower shall comply with all the provisions of the lease. If Borrower acquires fee title ro the Property, the
<br />�,:�.i:��+ >'=-
<br />- ' ` - leaschold and the fee title shall not merge unless Lendera�rees to the merger in writing. -
<br /> _:::.:.__-�° —
<br />_,.�_,�� 7.Protectton of Lender's Rfghts in the Property.If Bottower fails to perform the covenants and agreements contained in -
<br />_--__--��_ this Security Instrument, or there is a legal proceeding that may significantly affect Lender's ri�hts in the Property (such as a
<br /> - �- proceeding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations).then Lettder may do and
<br /> " `�"� pay for whutever is necessary to protect the value of the Property and I.ender's rights in the Properry. I.ender's actions may
<br /> ``� include a in an sums secured b a lien which has riurit over this Securit Instrument, a earin in caurt, a in
<br /> pY s Y Y P Y Y PP 8 PY 8
<br /> '""-T::�:� , reasonable attorneys' fces and enterin�on the Praperty to make rcpairs. Although Lender may take action under this paragraph -'
<br /> -:;�:��� 7, Lender does not have to do so.
<br /> -�`�„t`'�;^� Any amaunts disbursed by Lcndcr under ihis paragruph 7 shall become additional debt of Horrower secured by this �_
<br /> - � ----�` 5ecurity Instrument. Unless Borrower and Lender agrec to other terms of payment,these amounts shall bear interest from the -
<br /> =_'•���' . date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Bonower requesting
<br /> _
<br />
|