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<br /> ci�cumsttuces. Borrower sha11 aot comm[t waste or destroy,damage or substnntislly change the Property or�Ilow the
<br /> Property to deteriorate, reasoneble wear and tear excepted. I.ender msy insgect the Prop�rty If the Property is vacant
<br /> or xbu�doned or the l�sia ia ia defauit. iender may taxe nasonabie action to pra[ecc and preserve sucn vacanc or
<br /> abandoned Prope�ty. Borrower�vhsll also be!n default If Borrower.during the loan applicatlon process,gave matedally
<br /> f�lsc or inaccurate infornntion or statementa to Lcnder (or failed to provtde Lender with any matedal infomlation)
<br /> In conaection wlth tbe loaa evideaced by the Note,laclud[ng,but not limited to,representadons concerniag Borrower's
<br /> occupnnncy of the Prvperty as A princtpal residence. If Wis Secudty Instnun�ent is oa a leasedold,Borrower shall comply ,
<br /> wiW the provisioas of tlic lease. If Borro�ver acquires fee tide to the Prop�rty, the leasehold and fee tide sEcwtt r.�ac �
<br /> be n�rged unless L.ender agrees to the merger in wdting,
<br /> 6�, tbn�Ntnaa. 'Rie proeeods of auy aw�r.d or.�Ia�a for.dam�ag¢s,d�ccce Qr,co�aseqmcati.a:[. ua ooruiectivr� ti�i;'^
<br /> any sondemaascon ��,;n�iaer tald.a,� of a►uy�aar� oC cize T.�;oper.Rjr,vr�'vr.�or,.�eyaT,a�c iu��Eaee oF wndemnat��u, are hereb�y
<br /> assi,gmafl a�r.di skcaJl.�n ps,:-�r,�l.ezrder r.o rSr.e extcm.c �r�rT�e� f�utt ara�uu� oL e.►n�e aacie&cednrc�ss tbat �emnins unpald under --
<br /> the Note and c�is accu.--ary Hns�.u.r.n�ar.. �.cauuder sltail apply such procecds tu the reducIIion af the indebtedness under ~-
<br /> the Note and Wis Secutiry Lutr�nceat, first to any delinquent amounts apptied in the order pmvided in paragraph 3,
<br /> apd then to prep4yrrent of pdncipal. My appltcation of the procecds to the pdncipal ahall not extend or pc►stpone
<br /> the due data of tha monthly payments. whlch ara reforred to in parngraph 2.or change the amount of such payments.
<br /> My excrss proceals over an unount required to pay all outatandiag indebtedncas uader tbe Note aad this Securlty
<br /> Jnsuumcnt ahall b� pdd ro the endty legally entitled tbereto.
<br /> 7. i�r�d w Bo�xer�od Pnnta;tlon ot l�eader'�Ri�ts in tbe Paopaty. Borrower sd�ll pay�11�ovGmmeattl
<br /> or municipd chuaes,fi�a and impo�itiona th�t arc not includod in puAgnph 2. Horrower ah�ll p�y thae obll�ufone
<br /> on time dirsctly co the endty which is owed tha p�ymrnt. If fi�ilure to psy would �►dvor:cly �ffect L,ender'� intomt in
<br /> the Propeny, upon Lender'e rcquat Borcower �h�ll prompUy fiimieb to Lender recelpu evidenclna thae ptymeate.
<br /> IP Botrower fQ/i to nuke these paymcau or the p�ymrnu rrquired by par�graph 2,or [�11� to perform �ny other
<br /> coven�nU �ad �rcemenU coatdned in th1� Securlty Instrument. or t�rre la a lcgal pr�nooxiln� thu miy�i�n[ficuidy
<br /> affoct Lerulee'� riyiats i��h� Frop�ny (�uch w a prcxcrufing ln bankniptcy, far condes:mat��a or to enfora la�vs or �
<br /> n�ululoni), tben I,.eadet msry do and p�y whuevcr t�aeces:uy to protect the v�lue of the 1►roperty and Leader'a rlghte
<br /> in the Propecty.laclud[ng paymeat of tuca,hwrd insurwce and other itcros mcntioned in par�graph 2.
<br /> Aay amo�inu disbuned by I.ender under thle pungnph shall become �a addlticaml debt of 8orrower aad bo
<br /> securod by thie Sec�ulty Instsument. These u►wuata abell beu interest from the date of dl�bursernent at tLe Not�rato,
<br /> u�d at the opti�a of Lender ahaU be immedl�tely duo and payable.
<br /> Barrower shdl prornptly dlschuge�ay Ilcn which has prlorlty over thia Sxurtry Inswrneat unless Borrower: (a)
<br /> iysci� i�wrIiL-,g t-v t6e piy�ent of t���bflgatian se�,-urdt by ths tten in a tnaancr acc�..—�ah2s us I�^ndcr: (!s)cont.,.-^ts
<br /> in good f�th the lien by,or defeuds�ga�nst euforcement of the lIen in,leg�l proceodJnge which in the Lender'a opiaion
<br /> operue to prevrnt tbe eaforaa�ent of thc lien;or(c) sccuces from tha holdcr of tbc Aen nn agceemeat auisfiictory
<br /> to L�eader subordinadng tho lien to th[s Socudty Iastcutneat. If Lender detemdnes ttut any put of the Property ia
<br /> subjtct to a lien which t�a�y attein pdority ovor this Securlry Instnia�ent, [,endsr may give8orrower a nodcr. identifying _
<br /> tbe Ilea. Borrower sdail suisfy the Uen or tako one or more of the actions set forh above within 10 days of the giving
<br /> of twdx.
<br /> 8. Poa. Leader rnay collect fees and cherges authorlxed by the Secretary.
<br /> 9. (ic�ouod� f+or A,00d:c�tion of Ddx.
<br /> (s) DeGut� L.euder may,eactpt as limitod by raguladons issued by the Secra4ry in the case of payment
<br /> defaults,requfris innmediate paymeat in full of all sums secured by this Security Iasuument If:
<br /> (i) 9orrowa defiulta by fiiliqs�to pvy In full any monthly paynteat �+equirtd by this Securiry Iaattvmaat
<br /> prlor to or on the c�ue date of the next moathly payment, or
<br /> (ii) $arrower defnules by failing.for a pedod of thirty daya,to parfo=m �ny otLer obligations contained
<br /> In this 5ocuricy Instrument.
<br /> (b) Sab Wllhout Gt�edit Ap�xoval. l.xnder shell,if pennitted bY apPl{cable law(including soctioa 341.(d) of
<br /> the Garn•St.Geimain Depository Institudons Act of 1982,12 U.S.C.1701j-3(d))and with the prior aQpcm�al '.
<br /> of the Secmary,require i�arnediate payment In full of all sums secured by thi�Security lnstruarcoa nE
<br /> (i) All or put of the Pcoperty.or a beneficial.inter�st itt a tcust owaing�11 or psut of the Property, !s�ald
<br /> or otherwlsc transfernd (other than by devise or descent), end �
<br /> (ii) The Property is not oeeupied by the purchaser or grnmtee as his or 1ur pcinetpal residena. or the
<br /> punhaser or grantee does so occupy the Property, bue.kus or her crcdit ha� not been approved iu ',
<br /> accordaax wlth tha requirementa of the Secretary.
<br /> (c) Na Watrer. If circumstauas occur thnt would permit Len�d4r to roq,�.is� imnediue payment in t�ul1,Dut
<br /> Lender does aot requtc�e such payaxnts. Leader does im v�i;+::e a�rights wtth respat to srxbseq�ent cwmts.
<br /> (� R�gnlaslaa.s of HUD Soaetary. In mauy circums�:anna::� u�ega,latIons issuod by r1`ne Sacret�ry riaZli learic
<br /> Lendcr'e rights.in ehe casa of pnyment defeults.to caq,ui.cre iu?�sr.►ecQiate payment in(ttll artd fonclose e8awx goid.
<br /> 1Lie Sauriry Isutturnent does aot suthorfze acod',��:on or foreclosure if not penn{tted by r�egulae�oas af the
<br /> Secnetary.
<br /> (e) I�at�e Not Iawrod. Bomower agrees tha� if this Securiry Instrument and�he Note ue aot determIned
<br /> to be eligible for insuru►a under the Nadonal Housing Act withfu 6 0 DAYS fc+nm the
<br /> date hecto�,Leader may.At ita optton require i�nmodiate payment in tWl of�1 wrns secutod by thia SecttrIry
<br /> Jnstrument_ A wriaen statcmeat of any authorizod agent of the Secmuy daud aubaequeut to
<br /> 60 DAYS fmm the due heroof, decl{niag to Insure this Socurity Inattumeat aad the Note, stWl be
<br /> .I '�v.w.L.�:w mm�infe��nb im.lielhilitv 11Tntwithetontlina thn fnr�enFne tt�ienaulnn triIIV Mt 6CCIlIC�SEd
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<br /> by Lender when�he unav�ilability of insurancc is solely due to i.ender'a failure to remlt a mnrtgage lnsuranoe
<br /> pmmium cu the Secretary.
<br /> N�9E�MPEIA D�D OP TRUSf �
<br /> �s,..m s�.r�.aom ursix�t �agr 3 aE�4
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