|
_ r".,y _�_. "_ .q . � F _ ' 't . . . :' �,. .
<br /> a � .: " --
<br /> `_�r'�,*,14��y� . ���� oy I -��r .` I .. _, .. . fi • � � ��� --
<br /> � �4'• - ?�'^ `'1•r'7� 1. � ' • ' !l`t.,� ___ .
<br /> .,
<br /> . :
<br /> �. :�...,e, .. i -'= :.
<br /> �'� . �
<br /> . ' - -
<br /> +.,�
<br /> , ; ..� .... .�: n.. . . ••,t ' .� Y �t�` — '_
<br /> . . '°«,r �. �, ..' .:. :....' '. '" ' ' .s..a....s+%-t+�...•_' ".._—. �__ ' _ -....+{L......_ �. _
<br /> � �. .. . . . . . ' • � ' —
<br /> .
<br /> .t'. . :� _ _ _ � _ - _ _.- � - __ , . . < . ' -.. . _ —.
<br /> E _ — _ _ _ ____ __ —_— ' '" _ _ " " . - . , t^ ' "_. _..._._. - _ . . __.. ____
<br /> .. _ _' .• . . , � (
<br /> _Y�4•�+,. j .., ._ • ����� .
<br /> �
<br /> - —_ 'i'fte Fuads sI�U be hetd �n an institutian wiwse de�I� ar��ttW��1�r:,a.�'�c���cecy. i�sstattatenta9i .�r,�ity —=- �
<br /> _ _ _ n
<br /> � (Instadi�r I.euder.if Lender is sucb un inssitttti4n}a�in asry i�eso��is��.cy'��Sc:L4m.sicr stcill appi}+ttr�� W p�y�h� .
<br /> �craw[tems.I�der�not cha�ge 8orrowet for i�olding r�d a,v�i�ai�ths:�2��.�s��Y�Y� t?ie�ow asxount,or
<br /> " � verif�ing the FsC�ovr Ytems,liIIIk55 LCIl�I'[pSyS$C�tT�7'iYGP UtL uc�S S3i0 5�:,�:��rt�s�w-���r�bt;:�#���t��ei;o�c sueS� �`- -__:�
<br /> _- --- a sharge.However.Lcn�er may cequioe Eosmwer to pay ss o�tict�ct��tx��€:�,�� ' :p�:xt±li'�ih��te tax��us�p se�vioe _
<br /> __ _ used by �n�t in oounecaian witb ti►�s loan. untess agJslicabl� Ia���-�:b��a�:.o+�rt��(3���u�QS a�a:r#�emer►3 is z►ua�e or -
<br /> ------ - s�l�CUb1e!aw rer�virrs intcrest to be paid.Lc�dzr sbalf not i��aim�1 tv�Cty°;S�..amr��+b���u�l;���q�cvn�s on the Funds.
<br /> _.��,-`';== .8amower a�LenGcr maY agree ia wnting,ha�reve,�r.tt[�t.int�rest sYttFl�1���_a�i�t�'y�s.:<L�sd3i�,6i.tpFi}��vs to�orrozver. -------
<br /> _ -,� without chsu�e.ran annua!3ocaunting of the Funds.slwrvi�►�c�diis uz�d;ts'ai�P,��tit�.�und�and�Nii��j�prise for whlch eacb --
<br /> ,�,;�^-�-;-�,�;ry debit ta the Funds was made.Th�Funds ure pledg�d as addiho�!scw.rit��.fc�e;�l,;fi�ms�red by.this Secanry�s�meat. �r�. _-----�
<br /> ��� ��� If th�Funds heid 6y I�nder exceed Ne amn�nms permiited ta b�ln:tcl by,sy�fl3ttb�[a�!.L�ader�h+ alI n�ntwi to�orroc«r, e}�„�.,,,,�
<br /> r- � �� for she exczss Fuads#n aoeordanoe arith the rapn�ts af u�p�'srp3sIe,F��r::Ntr�apiuunt m€tiu Fauds hetd by��si,�r-at�a�:. ---- - -
<br /> '�' ��'.��� time is nut sufficient to pay the Fsrrow I�ems whsn due.L�tra ma.+y sa s�tiFy:$�!tro�ierin wrating,ansl.in such case Entxati�r. ,� -
<br /> �,.�'�'�`�. -� .y shal! w Leccdet the a�unt fe"to mak� tl�d�a�,.He�m1�r�cs�t'makc up the defic�en in.no mors than PF FT��-- --_
<br /> �
<br /> '$`=��`��� twelve�mo�W1Y[�Y��•at Lertder�'s soryte d'assmtio� ' . . C�L. _--
<br /> ° � UPoa PaYacer►t in'ail of all.swm sceured 6y.tdis S�uity Itr�uvas,�t�si:�:ead¢s s�taif FpFpmpdy refiend to BorroRer nnny .
<br /> --�,�;���° Funds betd by.Leader.I�und.°r paragrapl�2I.Lender s��1 acq�e m�si�l'it�:�!iaperty.t�t.p:iar to the aoquisition or.•sale ---
<br /> s,��,���, ,�� _ of the Prope�r,shafl app(y any Fuads hetd by LendPr at th�ti�o€,ac�,r.isi4i.c�Ear sate as a cre�it against the sams secvted b�C: -- -
<br /> r-�, this Serurity instrum�tt. ' � ?
<br /> ,Sr ';� �,��' .�' 3.Ap�iCatFon of�aym�ts.Untess applicahIe!aR pzrnidas�olSa.�v�sc,,dt7,�aymenu received by Lenderunder psuagrapi�s -
<br /> -�i�'�; �F y, � :. 1 and 2 shall be a�ptied:first.to anY P�Payment charges dwa nn��nit��Not�C seoond.to anmunu payabla undet�uragrapfi 2: �}� � _
<br /> ,y�,,.�.`;�;�'`� thicd.ta interest due•fourtti.w grincipal d�aan�last;oa aa�y:18t��e�s d�e under the Note.. . _ .
<br /> '�.` �s�.�.c�- . 4.C6a�es;ideras.Sarmwer sGalf pay.al1 tates.ass�ruu:.cte�zg�s, fines and impositioas atvibutuhl0 to the['roP�Y ct.._ _
<br /> C-,�;•"'� K }. f -
<br /> � r,<ff whicti tnaY.attain pnority over this Seeurit}Inst{umenf��,i�tei�e�+a3u°�menu or gmund rents.if any.Barrower sHa11;pay a �
<br /> _�;�i ���'s:v- ,- - . these abligaoians m the manner provided in pmrag�p!n 2:o=�i�''fmm:�iA���i o.iLt�marmer.Borrower strall pay them on ame di�tty t.'_��r -
<br /> � �.: ° ' t�-:`. � �.,."to the pxrson owed paycnen€_.Bnrmc�-e.r st�fl pmm�tly',Eum:sh�ta ltei�t.°i�afftmrnices of amounts to be paid under tlus paragraph. ,� •=
<br /> ''� ` � '-"`,`if BorroweYmatces tiiesc p�yrnents dinactiy.Bmmov�r:slstal��u r�iiY•fiFrn:-�H t��:ender receipts evidencing tlte payments. �
<br /> ' F, ,� v� '� .: ... • ,. . ' ,ovtr me nntess garrow r.(a) ia �A -
<br /> . ,,. ..,. Bm�awer.shail'irz!!�3.����6Y-����•'�`�'�t..0��:. ry
<br /> -'�' �`�s ... wri" rb=f�e dL oF,•if�:v'hl� anr,eaire�t. fln�li�n�ira a.�uu�se�a�ceP�e tl o.Lead f61 r.ontescs in goo�faith�en
<br /> .. w-�x�� , ....------- � _ .�Y� .. 8� �^.� e.['�
<br /> ° --�.�:�sN�z�#„ `: . by,arY,�:ferdv a3a��t'e�*�cnad4�tpft#t$i [i�ns`ir� [�ap�p�.�.-eedings which in�he Lender s opinian operaie co prcveni t7�ie ---..---- F' 3 -
<br /> �,.: .. .n���°' � •• � . . —. .. . -�.
<br /> �°:.�: • e a f o r ce�C:o f t�e l i�i;.p x�(c)s�:�i:f f i�I�T f�r:o f•t h e l l�t i a a�.a g c e e m e n t s a t i.d a c t n ry t a L e n d e r s u b o r d i a a t i n g t i t c t T�t o � --
<br /> `� • �� .•� �t h i s S e c u�i t y'T n s t m m.e t�t�f€[.e n d e i d e i e s m i IIw:i�a t�a y p a c t�a f t�P r o p e r t y +s s u 6 j e c t t o a l i e n w h ich ma y atsain priori t y aver _
<br /> • '°��'�� ' this Se�vri;y Instra�tt 't�nder may give go�:�x-i�siatio�id�atif;ring the,ii�.Bormwer shall satisfy the Tien or take ane or x ���-
<br /> - �moreof.tkesctions:5rd�.Cu!i��bovewithinl0 aft�giviagofuotise.
<br /> ` � ttr ' ''� � 5t � or i�aug�rty �usui'ances•Borrowei'sl�Il k�tf�; impravemenfs now eicisiing ai hefeafter er�te� on-the-. �.'.�, �c�-s�+=
<br /> {' `� .:� ' Pro e ed ain'sx loss b rage"and an g
<br /> : r P �y�r. ag Y fi��={►3zards incladed withfn tl�t�m "extended cove y other ha�ards. includin ��.;�
<br /> J ��1'�E3.,t�:. • ,,:;,;. .tioods or'tI�adm�.fo�•i��h Lendar raquires insurance.This ic�iiance s6a116e maintained in the amountsand.for the periods , �, �
<br /> '� �+_ =�1°Y`,� ���`';.that ten3�'i.requims. 'L7�:.insuraase�rarrier providing the iauuranee shall 6e chosen by Borrower subject ca•�er s approval .
<br /> ` �' �: ;. •�
<br /> , :.,,<�� �:•,.;. �•Y {<.
<br /> � � .•�f. . '����` " `which shall poi be anrzasonably a+ithheld. �If Borrower fails to maintain coverage deuribed abave. I.e�sEs•r may.at Lender s �Ir'�,`•.•�,s.
<br /> � 5..1�ff f'f�.f ••.�. ..
<br /> +°� '� �•• �.o tion,o6tain covera e to rotect Lender s ri ts in the P�v e �n accordance with ara h 7•
<br /> t �� � 8 P � P rtY� P $�P ;s�. •
<br /> �";�;'+���;($����n(�lY���'��" AI!'fnsurance policies and nene�t:ls shall be acceptable ta Lcnder and shall include a standard mortgage clause. Lender • ;.;��'
<br /> �.,,.;F�l a sY:- .
<br /> :hr,���f�,i"r,°:. shalt have.the rig,ht to hold the polici�and renewals.If Lender requic�s. $orrower shall prompity�gi��e to Lender a�l rea:ip�s,�6. ''.{y'
<br /> `:�.i'2����, paid premiums and rene�val notic.es.tn the event of loss.Borrower Ehalt give prompt notioe ta Qlcs insurnnc�rarrier azs3 La��dt:� �=�;`�+. '
<br /> � `�`'''~' �� Lender may make proof of loss if not made promptly by Bononer. � '
<br /> , . .;.�,.,, .,.._. � ,-
<br /> ` ' � � [Jnless l.ender and Boirawer otheru�'t.ce agree in writing,insuranee proceeds shall be applind to re`�roc�inn or repair of the . _
<br /> : ' • ' � . properiy damaged,if the restoration or repair is economically feasible and Ixnder's security is no[tessene�.[f the restaration or ; '
<br /> • . ��, repairis aot economicatly feasible or l.ender's security aould be t�ssen�t,the insurance prna�ds shall be applied ta the sums a�_ � ".•_.
<br /> secure�by this Ssxurity Instrument, whether or not then due.��'ith any excess paid ta Borrouer:[f Borrawer aba��aa��the ',,.;�'f;� ;�;,,-.
<br /> � . Propt r q•.o r d o P S n o t a n s w•e r w e:h i n 3 0 d n y s a n o t i c e f ro m L e►�t�t h a t t h e i n s u r a n c e c a r r i e r h�s offered to settle a cj�sm:.�hen :�-.�-.-
<br /> � •����...
<br /> �. � Lender may collect the insurance proceeds. Lender may use die proceeds to repair or reatoro the Pruperty or to �a� sams ��_____
<br /> . . . . � secured by this Securiry[nstrument,wheiher or not then due.The 30•day peric,d wdl begin when the noti�is given. ,:;�����--
<br /> . .. . � Unless Lender and Borrower othenvisc agree in writing, an�� applicatiun of prc�ceds to princip:.� 's!�a11�not cxtend ar �.,•�
<br /> :r;.��..� postpone the due date of the moRthl�� payrnents referred to in F•^�a�taphs i and 2 or change the amoun��uf the pay7n..zts. If ;�• �6 ::_.:
<br /> J'..;`��7r�?':.:.'.',._.:: . under h 21 the Pra erty is s� ucred b Lender.Borroa�'�.ci t to an insutance olicie�+e�.d n�oceds resultin� frnrn • ' '�.'�.'�;",��;':.'•�.,:_`.-:
<br /> P�€*dP P �i , , Y P� Y P P ��� ���, -
<br /> ����;;�; ., • damage.to the Proper[jr prior to the acqussition shal)pass to t.en��i�-r<�the extent of the sums secnre::b�•this Securiry Imuvrr�:-:• . {�'�t�,,u � _
<br /> ,. immediately prior to the acquisit�on: • ... . �. - �
<br /> ' � � 6.Occupancy,Preservatton.llfaintenance anxi Proiect�oh�Y'zbe Propecry:Borroa•er's Loan R���lcu��ion;l.raseholds: . ; '•��.'F.:•��'�-_
<br /> ' ° ' ' Borrower shall occupy.establish,and use the Prop�'tt as Borrowcr's priacipa!�esidence within�ixty day�:iu5i;:the execution nf , ' + • :'.'y�,:%-- �
<br /> ' ". . this Sew.�rl'y Instrument and shall wn[inue to occu�} ;he Presenti•.a�Bnrrow•er'.principa l re+i�e n c e f o r,s�:�`e a�t o n c y e a r aft er ' ' . . -
<br /> ' ., ��''` ' the date«1�necupancy,unless l.ender othenvise agrets in«�ritir��:.':uhich consent sha11 not be unreationably withheld.ar unietis '�
<br /> ' : ' eatenuati7g circumstancec exist which are beyond Borrowr.'�� �s�nt�al. Borrower shap nat destruy, cl:image �ir impair the - � ''' L
<br /> �, ��. �. ' ' Property, allow the Property to deteriorate, nt commit waste��z [he Property. Bnrrower tihall be in d�:.`auU if any t'orfciwre . •� ,,'.....
<br /> . " action or pmceeding, whether civil or criminal,i+bcgun that in Lender's a��°�fi faith jadgment could r��:^.:i:in forfeiluiC��f Ihe , , '�r=��''-
<br /> ' ',�,:;�}i�r.
<br /> � Pmperty or othenvise materially impair the lien crrated by�thic Securitp l�:tzr:�Ti:nt or lsnder'r�ecurit� ��rt':re�t. Bnrrower may , ,.:'..`�"� �•=^
<br /> , � �; ,: cvre cuch a default and reinstate.as proridui i»paragr:�ph I S,b• causing t:.a s:tion ctt pr�ueecling in Y��:,:ni,sed with:e ruline . , ;t""`.
<br /> ' that, irr l.cnder's goad faith determination, precludes fortcituY4 �rl the Barrmaer's intere.�r �ro t'�e Pri�geny or other matcrial , r�j s� . � :�r_
<br /> . � .• ..'.:a9:'-:;?%'� :. '' } t e,�.�; ; .,. , _
<br /> .� ..,;. ;�;,,,.t,;;�..,.. _.:.� impairment af the lien cre:itai by th�s Security Instrurnzm or 1�.�7�er'. securit� intereyt. 'xn-n»��cr ehall atso he in d�;�ult if ,�3.;<�r,..: �__
<br /> �,,� Borrower,during the loan application pnkess,ga��e materialt�•{::aee or inacc�rate information<>r statetn.r,�,�..c►l.en der i�;r Eai�e d �•�;,'t;�;�:;r, �,,. , , . 'r:,.
<br /> to rnvide Lender with an •material informationl in a�nnecuon s ich thc l:�r:+��idenced by the Note. i:�a4a��n��bu!not fimited '��''��� '" ,
<br /> P S j _;�`:•:•^.
<br /> i,, '"�•_;•,,{ .'1'.,r`:,•,_
<br /> � to,repre,encations mncem�ng Borroarr'ti uccupancy oti the Pnr�.{rr?. as a�nrr�iy�al residenrc. If thi,Scu:�r>>;y tn�trument iti on a �,; ..,t���i:{;_�
<br /> � leacehold.. Borrower shall coinpty �vitb al{ the prc�cisionti cf a�ic -..a.e. If Bnrru�rer acyuires Ccz tit��������lie P��!pefty. ihE �. . .'. �''`, . � :"�i?`"•'c:�
<br /> � Ieaschold:xnd the fee title shall no�mar�e untc��Lender agrr.•.��>>Ire merger in.�rain�. , ' •:�?:r:S;":'f...• 't?-y'.
<br /> • - � T.•Prntect�on ot Lender's Ri�hts in the Property.If 13om�utr fails to perfi�rm the ruc�nants�nd asrcen��nt>u:•n:s�a��ed in '��;•',df,<,r..�:" , ;,,�;
<br /> � ,' . , this Securiry lnstrumcnt.or tlierc is a leral proreeding that ma� tii�niiirantiy affcrt I.endcr's rights in che•4'tup�:ny �,ti.:•_:�us a �' � , _
<br /> ;F'.: : ; ., proceeding in bankruptcy, pn�bate.fi�r condemnation or ti�rtcituro��r to��nf�rrr laws��r regulationti�. tl'ren Lender may do.ind :;�,i-:
<br /> � , . ° pay for whatever is necessary ta protect Ihe value of the Property and Lend�r'ti rights in�hc Property�. LtnJer's actiuns may
<br /> inelude paying any`wms seeura! b�• a lien uhich has prianty o�•cr this Sc�curity Instrument. appearing in court. paying =:�`
<br /> masunabtc attomeys' fee�and enterin��m thc Propert}•to makc rcpairi. Allfiough l.end�r may t:►ke artian under thiti para�,raph
<br /> � .';�;�.•,'::�.. _ 7,Lender do�not havc tu do s�i. .� . . � .-
<br /> Any amounts ditibu�ul by Lendcr under thi, psragraph 7 .hall t+ecome :�dditional deM ut Bqrruwcr �ccurcJ by� �hi. :
<br /> � Securiq•Insirumcnt. Unle�ti 8ono�ccr:u�d Lcndcr agrrr tu�+ther termc of payment, the�c amount.�hall bcar intcrr�rfr��m�hc • ' _��
<br /> � � clate ni disbursement at the RJote rstc and ,hall bc pay:�le. with intcre+t. upun aoticr tri�m Lcndcr to Borrmeer reyueyting • '
<br /> r' . . .� ,� ' : payment. i ;.
<br /> :�, , � , • $.:1�ort�ge Ituurartee.lf Lender req�ired mon�a�•c inwrance:�ti a conditi�m��f making the Inan�ecured b}�Ihi,5rcuntc . . .
<br /> . Iastrument. Borrower sh;ill p:�y the premiums reyuired to maintain the mortga�e imurance m eff�ct. li', fur any na��m, tlic � �
<br /> � . ' mortgage insurance co�erage reyuired by Lcnder lap.r�w ur cc�.+cs to bc in eftect.guttoa•er�h�ll pay the premium. reyuireJ to
<br /> obtain caverage suh�t;mti;►Ily eyuivalem to the mongage in,ur.�nrc pre��iuucl}• in effect.at a co�t substantially eyuiticdrnt �i�Ihc � , , , .
<br /> , ,. . :._.
<br /> ._�._ _•:_.__:..•_ _• ,_ c�+yt tc�Bc�rruti��er nf the mnrtgage ituur�tuc pre�'iou�ly in effect, from an :iltcrnate n�ort:_a�,c imurer�ppt�ncil hy I.endcr. ff • •:
<br /> . __ �...:' • ,
<br /> � , � ;---=---°---_--_----
<br /> '. . " v,,,�,,.b Form 3028 9�90 ��'
<br /> �i•; , . •
<br /> � . . .5
<br /> ..
<br /> .
<br /> . �
<br /> �
<br /> . � �.I .
<br />
|