|
s �� . . .T� Fi,.� . .- .J . 1 .—.d _ : -� `. - ' :. ! . �,F.
<br /> . � b _ _ .. c. _ . `i.. .�s` � C 4`7.:�.R —
<br /> . ����..����'� . • - , �.. _ .- . �� . y �� � �t�l.�i._T _ "—_.—._.
<br /> NJ�- - •(, , � . . `!` t r 4 ` �' (h . ` �6 —.�...��n-___ .
<br /> F � 'h '1•' N `ttj G S a.�
<br /> -�♦
<br /> � . . ' ',f$� � . �,t � � ' i � .t t .%r'aae�fal�s __
<br /> '. " �' ���
<br /> ,.. �
<br /> �..'�d ---- -
<br /> �� . �.'., ,} _ � i . ;... . . , . .. ` _ l.- ..y.i.�y,; .l� fi e„�' - t. ._ {
<br /> ^�.' _"[i�) c ` ` L C C' ` j {�,�� _ --'
<br /> } • . . �. . ` l . t � _� �-� — . —. .
<br /> t-� � � ` ,� _ 'F , �`� , r � � � ' t , _ _ ,F _ kt � � s'+7ti����•x...��— ----
<br /> r ` j-..� ^!' '.k,cs. -- �_�:rs-�-'Y��,�a3+.� ` • _ .i.�:�r�.�.---...i�'�tRvt`t� ---�.a�` — µ� = u.c_ `" E�—� ---y -----
<br /> � . ..;�� . . • ,< .
<br /> �{ . .:�. � . , . . 9 5- �OOt354 . � � -
<br /> �:�r�':.. - ' ��. Hazard or Piroperig Instuence. Bnrrower shait keep die improveangnts adw�eaistin� or h�reafter erected oa the
<br /> �,. . ',• � Property insured Aga+��t loss Dy fire,hazards inrIuded wiihin 7�he term"extended coverage"artd any aiher har�rdis.inciadieg _ ' • — -
<br /> ftoods or��laoding.far whic6 Lender re.�uires insurance.This ins�arance shall b�maintained in the amounts and for the periods • —
<br /> r. • • . .� that Lender requires.The insurnnce carrier pr�vidir�g the inaurance shall 6e.chosen by Barrower su6ject to,L,�nder.'s approva! . --_
<br /> �--,,, �._ ..:: � whi�'sfiaa!!aot be unrrasonably withheld. If 8flrmrres fails w maintain wverage d�aif�ahflve. Les�er may,�at L�r's• . . .
<br /> ' � . option,obt8in coverage to protect L.ender's rights in the Property in accordance with paragraph 7. ����-
<br /> . ' � � Ali�insurarice pulicies and renewals shall 6e acceptable to Leader and shal! iaclude a staadard mortgage ci�use. Lender �
<br />- � '•� � shall fiave t6e rigint to ho�d the polisies and renewals.If Lerzder requires.Borrosver shall promptly give to Lender all reccipu af '
<br /> :�'. . ' paid pmmiucns and renewal notices.In the event of loss,Borro�a�er sha}1 give prampt aotice to t�e insurance c�rrier and Leader.
<br /> : � : � .' • ' I.eader may make proof of loss if not made promptly by Borrower. �
<br /> � `_ . Unless Cender�d Boirower uthenvise agree in writing,insurance pmcceds shap be applie�to restoratibn or r�ait of tht
<br /> .: ''. ' '. ` Prope�►ty damaged.if the resmration or repair is economitally feasi6te and Lender's secnrity is not tessened.If the tsestoration or ,
<br /> •. � � : repair is not economically feasibie or I.ender's securiry woWd be lessened,the insurance proceeds st�all be applleQ to tit�sams
<br /> ;' . . � � secured by tt,is Secnriry Instrwnent,whether or not then due, with any exce�s paid to�nrrower. If Honawer abaadons the. •
<br /> •�.�. . Praperty. or does not answer within 30 days a notice from I.ender that the insurance carricr has offered tio settle a CIAjm,tken ..
<br /> • � � � � . Lender may colled the inswance proceads. Lender may use the proceeds to repair or restore the Property dr to pay sums
<br /> .� � • secared by tl�is Secvrity Insuament,whether or not then dae.The 30-day period will begin whea the notice is given.
<br /> `` '. ' . Unless L.ender and Borrower otherwise agree in writing, any application of proceeds to principa!shal! not extend ar� .
<br /> e
<br />. T'�_:_� .`.�.: ..M. ' po�tpone tbe due date�f the manthly payments referrod to in paragraphs 1 and 2 or change the amouni o£the paymenis. If
<br /> - �. - .- . -. --- �- —��---- -nnder-paratgraph-2�-the Property-is ucqaired.by.L-ender-Borrower's-rig6t-to any-insurance policies and pmceeds resWtiag from
<br /> � • . ' damage to the Property prior to the acquisition shall pass to Lender to the emenc of the sums secur�d by this Security Instrument �—
<br /> � ' ` immediately prior to the acquisition.
<br /> • ; . �. ' : 6.Octupancy,Pc�servation,Maintenance and Pcotecbion of the Prnperiy;Borraw�r's Loan AppIIcatton;Leasehoids. �
<br /> :��.- •. . . � Botrower shall o ' esta6lisb.and use the as Borrower's '
<br /> tx�py. Praperty prIncipal residence.within sixty days after the execation of
<br /> . .. , ,:.. --
<br /> , .._ . .. .
<br /> � . , dus 5ecurity Instrument and shaU continue to occupy the Property as Borrower's principal residence for at least one y�r after _
<br /> - � ' the date of occupancy. unless Lender otherwise agrees in writing;which consent shall not.be unreasonably withhetd,or untess y' � �
<br /> •''. . . � � � extenuating circum�tances exist which are beyand Borrower's canuol. Berrower shall not destroy, damage or impair the -=-
<br />_ ' • ' Property, allow the Property to deteriorate, ar commit wa�te on the Pro�:. Borrower shall be in defautt if any forfeiture �^�,
<br /> . .`: • action or proceeding,whether civil or criminal,is begun that in Lender's�ood faith judgr_ent could result in forfeiture of the �:'�
<br /> � . � Properry or othenvise materially impair the lien created 6y this�.,-cuary Insutment or Len�er's security interest.Borrower may
<br /> . � cure such a default and reinstnte,as provided in patagraph 18.by caasing t�;,action or pmceeding to be dismissed with a ruling �
<br /> • • , � that, in I.ender's good faith determination, precludes forfeiture of the Ba:eower's interest in•the Ptoperty or otiter materia! �
<br /> ' .. '�•.�'. ' impaiiment of the lien created by this Security Insmiment or Lender's security.interes� Borrower shal! alsn be in defaait if -
<br /> ' : ,. .: ' Boaower.during the loan appiication process,gave materially false or inaccurate information ar statements to I.ender(or failed ' �'' •�
<br /> � '. . � `' . to provide Lender with any material information)in wr�nection with the loan evidenced by the Note,inclading.but not'Gmited : ��
<br /> . ' to.representatlons conceming Borrower's occapancy of the Property as a principal residence:If tF»s Secarity Instrument is on a ' �'��
<br /> ' •• . - � leasehold. Borrower shall compty. with all the provisions of the lease. If Borrower acq�ims fee tide to the Propesty. the "
<br /> � • . . leasehold and the fee titte shap not merge unless Lender agrees to the merger in wriNrsg. " � • ��
<br /> • � 7.Protection oP Leader's Rights in the Prope�ty.If Borrower fails ta perform the covenants and agreements contained in ` ' '—
<br /> ..� . �: � ,'��,.��,-,-
<br /> . , '.:`�.,,,;� • this Security Instrument. or there is a legal proceeding thai may significantly affect Lender's rights in the Property Q�:ch as a �,�.,.�,�
<br /> � , •'-'���� � . proceedins in bankruptcy.probate. for condemnation or forfeiture or to enforce faws or regulations), then Ixnder rr.ay do and ` =--
<br />--�.;, ' , , pay for whatever is c�.:essary to pratect the vaIue of the Properry and Le��•ar's rights in the Property. I.ender's actions may . ��_
<br /> ` ' •: •. . � � , include paying any s=ns secured by a lien w6ich has priority over this Security Instrument. appearing in conrt, paying ' �''�'�
<br />_~�� � reasonabte attomeys'fees and entering on the,Property to make repairs.Although Lender may take action under this paragaph �;,?�k' : $.
<br /> • 7.i.ender does riot have to do so. � `
<br /> ��' Any amounts disbursed by Lender,under this paragraph 7 shall become additionai debt of Borrower secured by this ,' �"'M,:: ``_,;�'
<br /> a.���. ` . • ' Security(nstrument. L'rJess Borrower and l.ender a�ree to other terms of p.�timent,these amounts shall bear interest from the . . ' rj..
<br /> �. , date of disbursement�^:the Note rate and shall be payable, witb interest, u:pon notice from Lendcr to Borrower requesting • �
<br /> =-' �; . payment. .
<br /> '� �" ' � .� � 8.Mostgage Insnrance.If Lender required mortgage insurance•as a conditiorl of making the loan secured by t3�'.s Security ' , ,:• t
<br /> s ' � • Instrument. Borrower shali pay the premiums required to maintain the monga�e insarance in effect. If, for any rc�son. the - � �
<br /> Y ' '. mortgage insurance coti•erage required by Lender tapses or ceases to be in effect.Borrower shall pay the premiums required to �..... ,'
<br />``;��, � � o b t a i n c o v e r a g e s u b s t a r.t i a l l y e q u i v a l e n[t o t h e c n a r t g a g e i n s u r a n c e p r e v i o u s t y i n e f f e c t, a t a w s t s u b s u t n t i a l l y eq u i v a l e n t to t h e �
<br /> �,� .,,, : '' cas t to Boaower o�t he mortgage insurance previous ly in effect. from an altemate mortgage insurer approved by Lender. If � . �
<br /> � •� � ' substantialiy equivalent mortgage insurance wverage is not available.Horrower shall pay to L.ender each month a sum equal to ' .
<br /> ' �'�� � � ore-twelfth of tbte yearly mortgage insurance premium being paid by Borrower when the insurance covetage lapsed or ccc�ssed to • • '�
<br /> , , c
<br /> '•-;'�, � � . � be in effect.Lender c�Sll accept.use and retain these payments as a loss reserve in lieu of mort�e insurance. Loss reserve � "
<br /> � ' � Form 3028 9/90 . '�
<br /> :�.�. � . �
<br /> -��•. , • - Pago3oT6 - . ,r-
<br /> . .. _ . . � ' • . � � .
<br /> . , -. . . . . � . . ._ . . . - _
<br /> . . � �
<br /> .
<br /> . � . . .. , - . . . . _ ' . .
<br /> .�. _ . -. . . .� � . � - . . - . . . .. .
<br /> . . . . . .. . . . ... . '_ . _,_...__..: _ . ... _. . .. _. .. _ . . .. _ _ _ _ .._ . . . . ... _ _ ___. . ..
<br /> i r' _ . .. ' _ . - • , ' . . . • ��. . .' . ' � . _ ' � �•
<br /> . . � . . . . . . . .
<br /> -. . � -� �- . . . .
<br /> ..� . . . .,. . _ ' . . � .
<br /> ,
<br /> .
<br /> �' ._._. __-___. .._....r._ �_ .._._.... .. . _._.. _. _ �. __. ..__. . __.. ._ __ . . .._ �._..:
<br /> .. . ,
<br /> _ . ._ . . .-..._� '_.._. ..._._.. _ ._•...IS_.. .. ..-__ .•. _ ' . . • � -_._-_„__'-_..— .�.�.__,_. .
<br /> . . �_. . . - --------- ---� - -.--- - -- - -- - - . — --- -�---- - -
<br />_� �: _ . - . . . . ' . _ • . 1 . .. ,. , . . . : . . ' , � . � �. � . �
<br /> .. _ . - � - . "!• , � .- . ,. . � . . ,
<br /> -� � ' : .. � - . , � ` �.� � � , . . . .. �- ., � , . . . ' . � . . , -'_ . ' .. � `' .- .
<br /> . .. . _.
<br /> • � � .
<br /> . . III
<br /> .
<br /> �� - . • - � � � �
<br /> � . .
<br /> � _ . , ,..._. . . � . . . . - -- ` -- - � . . . . - ...
<br /> .� --- � •d'- - . . .
<br /> . -. . .
<br /> .,. . .. . - . , .. .... . .
<br /> .
<br /> , . . . . . . . -- �
<br />
|