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<br /> , . 98- ��r4s�3
<br /> �Ircum�tu�ces, Sorrower sh�ll not wmmlt waste or d�tray,dun�8o or subst�ntially chan�e the Propeny or ellow tho
<br /> pmpnrty to deterlorate, reunn�bl= wrar xnd tear excepted, Lender m�y inspoct the Prapeny ff che Pro{�rty is v�;ru►t
<br /> Pmp
<br /> or Rbuxtoned qr the lou� ta in def�ult. I.ender mty t�lce reuon�ble action ro pmtect uxl preservC suc v�cu�t or
<br /> �b�� property, Horrowrt chdl alw be in defat�lt If Borrowor,durtng the!wn applicuion process.��ve materi�lly
<br /> t'�iee or Inacau�te lnformatfon or etRtemes►ts ta L.ender (or fdled to provide Lender wlth anY muen�l infonn�tian)
<br /> In connectlon with the loan evldeneed by the Note, inciudin�,but not Itmited to,r�presen��ti�ns concerning Borcower'a
<br /> acupnncy oF the F:openy aa a principal realdrncn. lf this Securlty Instrwner�t is on a I�asehold,Borrower sh�ll comply
<br /> with the provtelone of che irsue. if i3on'owcr uqulres fes title to che Pro�eny, the leusehold and fee title sh�ll not
<br /> be mrrQed unlesa Lender �grta to the mecger in writin�,
<br /> 6. �p�on, 'I'he proceede of u►y awud or cldm for damaga, direct or coc�equenei�l, in connection with
<br /> �ny condemn�tlon or other taking of any pert of the Property,or for c:onveyance in plaa;of condcmnacion, ue hereby
<br /> �ealancd �nd �h�ll be paid to Lender to thc extent of the tLll emount of the indebtedness that remaina unpald under
<br /> the Nute u�d thie Security [natrument. Lender ehall �pply euch pra:ceds co the reduction of the indebtedness undar
<br /> the Note u�d thie Security Inetrurtixnt, firot to any delinquent amounts apPlied In�he order providal In paragreph 3,
<br /> Nt►d thrn ta prepaymrnt of principd. Any appllcatlon of the pmcecdy to the prtncipal shall not extend or poatpotx
<br /> the d�:dat! of thr, monthly poyments, which are referred to 1n p�ragraph 2,or change the amount of such�aymenw.
<br /> Any exce9t proccedi over an a►nount requlred co pay all outstanding indeb�edness u�►der u►e Nate acd this Secuity
<br /> In�tclunent �hdl be patd to the entiry legally�citi���cret�o.� ���ty ��Wer shall pay�ll govemmcntal
<br /> 7. � oo BormMer wd Protaxian
<br /> or mwilcip�l chArga,fines and impoaicions thac an not lncluded in paragraph 2. Horrower sh�ll pay these obligations
<br /> on time dires:tly to thc cntity which ia owed the payment. If failure to pay would a�versely affect Lender's interest in
<br /> the Propeny, upon 1.ender'� rcque�t Borrower ehall pmmptly fumish to Lead�rra���tsor failsntonperformpany other
<br /> lf Borrowcr f�iie to nialce these pAymente or the payrn��nte requi�ed by p g p
<br /> ���n�np �nd �reernente contdnal in thls Security Instcument, or there ie a legal praceedin8 thet mny significantiy
<br /> �ffoct l.ender'� dghta ln the PropertY (such ae a proceading 9a bankruptcy, for condemnation or to enforce laws or
<br /> re�ul�tlon�), then Lxndcr may do u►d pay whatever ie necessury to protect the value of the Yroperty and Leader's rights
<br /> In the Property� �nc<«din� PAY►�nt of taxes, hnzard Insurance and other items mentionod in par+Br�ph 2.
<br /> Any unount� disbuned by Lender under thie ptragraph shaJl become an additional debt of Borrower and be
<br /> iecurod by thie Secudty inttrurt�ent. '[t�ese Atnounte shall beAr tnterest from the d�te of disbursement at the Note ratc,
<br /> uxf �t the optlon of I.ender shall bc lmmediately due and payable.
<br /> Bormwet shdl promptly discharge any lien which has pr[oriry over this Secudty Instrumrnt unlesa Borrower: (a)
<br /> yren in wdNn�to the pRyment oi[ho obligutivu sa.u.�,3 by i.'�e :len In a mAnrsr acceptable to L,ender; (b)contes►s
<br /> �p�ood f�ith the llen by,t�r defends ageinat enfa�cemeat of the llen in,legal proceedinge which in the I.ender'a opinion
<br /> operue to prevent dte enforcemmt of the lien: or(cy secures from the holder of ths lien an xgtament satiefactory
<br /> to l,ender suhotdlnnting the licm to this Securtty Inatrument. IF Lender decerniines that eny pact of the Prope�tY is
<br /> �ubJect to�llon whlch may auain priority over thie Securlty Instrurnent, Lender may give Borrower a uotice identityin�
<br /> tt�e 8rn. Batcawor Bhnll satl�tjr thc lien or takn onc or more of the actions set forth abovc within 10 days of the glving
<br /> of notia.
<br /> � ww, irnder may collect fces And charges authoriud by the Secreeary•
<br /> 9• � ��00�� ��� lations issued by the Sxretary in thc case of paynnent
<br /> (a pet�dt. I.ender mpy, except as limited by regu
<br /> defwulte, reyu[rc immedlete payment in full of all sums secured by this Secudty Instrument if:
<br /> (i) �rrowar defaults by felltng to pay in full any manthly payment requlrod by thla Se�urity Iuttrwtp.rot
<br /> prior to ot on the due date of the next monthlx payment, or
<br /> (iq Borrower defaulto by fail[ng,for a pedod of thirty days,to parfonm any other obligationa cont�uaed.
<br /> ►�th►� 5ocurity Inatn►ment. lic�ble law(lncluding soctiop 341(Q)ot
<br /> ro) ��lyitbout Gedit Approvd. l.eader shall,if penz�itted by app'
<br /> the(iun•St. t3ernnin Depository Institutions Act of 1982,12 U.S.C.1701j-3(d))•and wich th�pdor approval
<br /> of the Secretary� requin inm�edtate paymrnt in full of all sums secured by this Securiry Inetniment if:
<br /> (i) All or part of the Pro{xrcy.or a lxnefictal interest in a trust owning ell or part of tbe Property, ia eold
<br /> or otherwla tnuiefnmat (oeher thu► by deviee or descent), u►d
<br /> �{�� �� pro�xPV Is not occupiod by the purch�ser or granta as his or her princig�l restdence�v� �
<br /> P���r o� gran,.�o dop so occupy the Propeery� but his or her credit has not been ApP ,
<br /> �ccordu�cx wlth the ►�qulnment6 of the Secmaxy.
<br /> ��� �vy��, ���{����s ocuir thot would permit Lender to require inut�ediate payment in futl,but
<br /> �er does twc rcquiro euch paym�rua, Lcnder doe� not waive its righu with respec� to �ubsequrac eveats.
<br /> �d� -•�;;w.,� of HUD Seereasry• In many eireumctances regulattons issued by the 5ec;rewy wi71.limit
<br /> •���uf��t�natrumen does n t wchorixc��naccelcration ormfo�reslosureYif not permiued by regu ations tof the
<br /> Sa:tctary.
<br /> �p� M��[�{q��uured, Barcower agcees that if this Security Instrumcnt and tltie Note are not determin ,
<br /> (ll I1C CII�IbIC �Ot�in�uraxe ur►dr* the Natlon�l Houeing Act within 6fl DAYS from the
<br /> d�td hereaf, Lender mry,at iu opilon require inuned(ate paynxnt in fLll of al! sums eecured by thie Security
<br /> Inrt�umcnt, A wdtten statcment of any Quthorizod agent of the Secmary dated subsequent to
<br /> 60 DAYS from �t►e d•`u�he�ceaf,��declt�ng i h�o�no che fon¢o�n¢.this oDttion may not�be�exer�clsod
<br /> Aeemed cunclusivc prooE vi auc,� ��K�.���•��•,. ..�.--.---___o
<br /> by l.rndrr whrn the un�vaili�bfllty of insurance is solely due to Lender's failure to remit a mortgage insurance
<br /> prcmlum to thc Sc�:rct�ry•
<br /> - 6e96
<br /> � �MIA tMU1u c�l�11ttt�1' p�Ye 3 of 6
<br /> � IMMY+� %Y W�M.(t► 1/►�MY 1�C1�
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