|
.�.�..�. ,�n�
<br /> �..-- -- :__`_-
<br /> . .. �-
<br /> ....�.,.-.
<br />� _�...rlr,,.�i.,•��.:�r'�'"'•.---`-�—�m�,i:, —�i�:-_�i_:•1�:- -- _- .. ....-
<br /> -- --- - .nr --- ....��--- -- _— -
<br /> • �� 11���$� LdAN N0. 1 5 3 9 2 1 4 3 0 4 =
<br /> � A!1 Insura�tca polclee and renewale shall be acceptat�e to 1.���ter arx-�shal!Inctuda a s�ar�r�mortgage c.�auso. �
<br /> Lender shali have the riqht to hdd the polk:les and renawals.If Lerxlar raqWres.Borrawer si�all�xomptiy q!ve ta Lender =
<br /> aA rdcel�ts of pakl premlums arxi ranew�l noticss.ln tt►e eve�!of loss,Bcurower shal!gNe prompt nottce to the -
<br /> {nsurance c.arrie�and l.encter.Lende�may rnake�xoof of lass b noi mada pranptiy hy Borrawar. _
<br /> tlnless I.erder an6 Borravo�ctt�arvvlsa a�roe In wt��np,insurance procaads shall be applled to resiaratlon or reqatr
<br /> ° j oP the Pt�a�ty da�ged,:f the:estor.l�n cr rapalr!s oconomlc:!ly fa3sl.bla atx!Lende�'s security is rtat lassened.If the T
<br /> j res2oratkxi or repalr Is not econam:cally ieaslble or londer's secu�ity woutd be lessened,the insurence pracoads shall
<br />- - �� bo appll3d to the sums secured by this Securiiy Inst�unient,whether or itioi then dua,w3th any excess pakf to Borrower. _
<br /> "' If Sorrower abandor�s tho Proparty,or does not answer wiihin 30 days a notica irom Lendar that the Insurattice carrler
<br /> "� tws oi►srad tQ seitfe a cialm,tha�Le-xtar may cc�ta,t tha Insurance pracesda lender ma1�use Lhe proceeds to reQa�r �
<br /> � or restore the Property or ta pay sums secured by this Securityy Insi�wnant,whethe�or noi then due.Tho 30t1ay period _
<br /> wYl befltn when the noike i9 qlven =
<br /> Unlass Lendsr and Borrower othoMisa agrea In writing,any appllcatlon of proceeds to princip�al shall not extet�d or
<br /> postpone the�1ue date ot the monthly p�.��mants referred to in paragraphs t and 2 or change tha emount of tha _
<br /> _ paymenta If u�der para�raph 21 the Prrparty ts aequlred by Lender,�orrower's right ta any lnsura�ce polcias and _
<br />: proceeds result(ng from damage to the�raperty Eutor to the acquisi�tlon sitiail pass Y�L��ii�r to Y�'w exie�-u a ttia sstma �
<br />. s�cured by thls Securityr lnsirument G�z�lately pri�r to the acqulsitlon.
<br /> + 6,pccupancy�pr+essrvAtlon,I�Q�4anance snd Prot�ctior�of the Proporty;Borrewea�'s Lo�n Appticatlon;
<br /> � [.ow�ehold�, BcxTawer shall occupy,esiabilsh,and use the Property as Borrorher's princ�;sal resldence wfthln sbcty day�s =_
<br /> ' attEr ttu�executlon of th(s Securiry I�strument and shall continue to occupy the Property as 8orrawe�'s pc�ncipt�l °_.
<br /> i resfdence for at least one yeur after the cfate of occupancy,unless Lender oihenrriso agrees in writing,wh�h consent �
<br /> sPsall not be�nreasonady withheld,or uNess extenuattng clrcumstances exist which are C+e�br�d Borrower's cont�d.
<br /> ' ; ; Bo�rower sh�91 noi destroy.damage or impair the Propdity,allow t?�Property to deterlc�'��,or commit waste on th�
<br /> Pv{�crty.B�rrawer shall be in defauit if any forfetture actior�or prxeeding,wt�ther clvil or crlminal,ts begun that In _
<br /> , Lencie�'s good iafth Judgment could resuit In forfeiture of the Propeny or othenx�Ese materially tmpair th,ca�1��creat e d by ;
<br /> �, this Securiry Instrument or i..ender's secur�y interest.Borrowe�may cure suc�fi�c�afautt arxJ relnstate,as�rovkied in �.
<br /> parayraph 18.by causiny the actlon or ptoceeding to be d(smissed with a ruiirx,�t'�.at,In le�de�'s gooci iF�iih
<br /> detbrmination,predudea forfekure ot t�BoROwer's tnterest tn the Property or other ma�arS�!tmpalmnent of the Ilen
<br /> created by this Securityr Inst►ument o!tendePs securital t�terest.Borrower shall also be i��Jauft If Sorrower.during the
<br /> loan application process,gave mate�ialiy false w tnaccurate Informatio�or statements to lender(or faYed to provida
<br /> Lender with any mate�ial tr�fortnatlon)in connectlon wfth the loan evklenced by the Note,indudln�,bta�r�ot Iimfted to,
<br /> represeruatb�s concemfng Borrowe►'s occupancy of the PropeRy as a pNncipal reslder�ce.If thls Secs�n�►inst�urnent ts
<br /> !,�:. on a leasehotd,Bortowe�shali comply with all the provtslons of the laase. If Bortowe�acq�'ras tee t�e to the Proper3y,
<br /> �s;,,,s the Ieaseho{d and tho fee tirie shaU neL cner�e uNess Lender agrees to the merqer tn w�it�.
<br /> 7.�tactbn of Lender'�Riqhh i�t ths Proparty. If Borrower taAs to pertortn the ccv�tiz�ts ancl ag,�eemeMs
<br /> �talned In thla Secur�y Instrumant,orthere Is a�ey�l proceedin�that may siynffkantly afiect t.ender'�atghts ln tiha
<br /> . PropertY(such as a proceed�ng in bankruptcy�Pn�te.for condemnatior�orfortefture or to eMorce tav�s or
<br /> �. regutatior�s),then Le�der may do ar�d pay for whatEVer s necessary to protect the value of the PropeRy end Lende�'s
<br /> i: rights In the Peopsrty.l.enders action�may include payin�an�su'ns secured by a Ifen whlch has prio�ity over thEs
<br /> „� Secu�ity Instrument,appearing in coutt.payi��easonaWe attoaa�sys'fees and entaring an the Propetty to make
<br /> _ repatrs.Atthhotqh t.ender may take aciian under thts para9raph 7.Lender does not have to do sa
<br /> ���� Any amounts disbur&ed by Lender under this paragraph 7 shat�become ecivaionai de�t or eso�rvwer seatned'oy
<br /> this Sectuity Instnime�t.Leo�ess BoRawe�and Lender agree to other temu af payment.these amounts shall bear
<br /> � interest fram the date of disbursemeM atthe Note rate and sitiall be payable.with interest�upon notice ftom Leriderto
<br /> �
<br /> '� '-'%a� Botrower reR��W PaY��
<br /> �f �.�AoRpap�tnwnnct. If Lend�.'r required mort�age tnsurance as a condidcn of makirp the loan secured by thls
<br />�.�•� SectuKy Instrume�t,Borrawer shall pay the premituns required to maintaln the mottga9e tnsurance in effec�If,tor any
<br /> — ne�ason.the mortgage(ns�:eance coverage requU�by Lender lapses or ceases to be In eftect,Bottower sheil pay the
<br /> v� premiums requlted to o�covera�e substantiat3y equiva�ent to the mortpage Insurance��x���riou�y in eFfect,at a cost
<br />:�� substar�tially eq�ivalent to the t�st ta Barro�uver of the matgage ia�ssi�ance prevbusly tn from an eitemate
<br /> moitgage instuer ap�xoved by Le�dc►�. If sub�ar�t1aliy equlvalent mOttgage Insu�ance coverage Is no�t avaAable,
<br /> SorrowEx shaU pay to L�each moruh a sum equal to one-MreHth d the yeady mortgage Insu►ance premium beinp
<br /> ��� Paid by Borro�wer when tt�e insurance coverage lapsed or ceased to be Qn e�d.Lender wMt accept,use and retaf n ti�ese
<br /> PaYmer�ts as a loss res�e�cfie In lieu af moRQage tnsurance.Loss resenre payn�et�s may no lory�r be requked.at the
<br /> _�� opUon af I.ender.if morty�Qo U�uurance coverage(In the amount and for the pedods that Lender requires)provided by
<br /> ;��.:: r uired to
<br />..�.,�,:::;� an tnsurer a,�xo�ved by Lender ag3Fn{hecomes awa(table a�d!s obtafned. Borrower shall FaaY th0 preMums ecl
<br />:':��t;::�, mat�at�mortgage Insw-ance tn eE��.or to provide a loss reserve�ur�tM the requl�eme�t fc�cr�oR�ape(nsurance ends
<br />,�'.--�•`.�, 1n accordance with any�xitten agrsemeM between Bortower and Lender or applicable Iav+c.
<br />'��' 9. Inspodion. Lava9er or tts ager�t may make reasa�able er�tries upon and I bns of the Pco(�ty. Ler�der
<br /> ��,��° shall qive Borrower nat+s��t the Wne o!or prior to an inspection specffytr.g r��a � e cause for ths k�ection.
<br /> :,,�ff�
<br /> _w�;�-:
<br /> �'��
<br /> _`..� /i�BPUlS1�-SINQLE FAYILI�-frNYA/EHLMC UtAfOAM tNSTRUI�ENT i ' � ����.: FORY 302i9/90
<br /> *j.
<br /> U'C/CMDTNE�/07�2/3C?8(S9Gtr� PAGE 3 OF 6
<br /> ;•ri.':',i� -
<br /> �.:�_ ,._..�.= y y =-- -- �I��;_ -- -- .—_. ���,�_
<br /> t .�.� ,�� ^�. ••` J i.� . -� �.
<br /> " � � � ` •y�T.. . .i�_,__
<br />. .. � a � � ' � . ^ ;:>'-C� I` •�•it . . •i,'....:
<br />_ � . .. . � � � ..c._ I �} �L.. �. �,,..
<br /> . • . ' .��VI I . ' 'a� . .. _
<br /> � ' ' ..Y ' ' , .. � � '•�`�,
<br />- `�, .
<br />. �P �s-
<br /> .r�1` . ..ri-.
<br />_ . _ . � . � ��:�'��iji�•h�`A� ' i � .l.�_
<br />_ ,. .. ' .. .�.,.nbiil.wii�.'.�• 'Y�w�+S�R'�4. � .. ..Y . . -
<br /> 'T ��FT
<br /> �. �
<br /> . ���4'. �J .
<br /> . . `- � . .. '�. �J �.
<br /> ' . `�x:w: ��.__ ' *
<br />; � Y.
<br /> . � .�r � .f�.:f•:�'r+%: � . � „ .
<br /> } r� �
<br />' . .. .. i�_a��G1� T� _
<br /> . . � t-' +"•'r�';�r'�1�:. �,,�.�
<br /> �,
<br /> - ;�, . .
<br /> �i •
<br />
|