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<br /> '` � �;� circumstances. Borrower shal!not com�sit waste or d�uoy,daa�e ot sR4�t,�ata211y change th� Proprrty or aliuw ttta �.:` :,,.;;;;',j'.4:'��,- �.,
<br /> . - ' . Progerty to deterionte. reasonable wear acid teaF excepted. Lec�des�mY'3;.�inspect ttie Property if the Praperty is v,2caut.. t;.�..?;:,..;..;.�,. r. �;�.
<br /> � • . ��'' '• ar a6andoned or the loan is in defauls. [.euQer u�y ta.�reasa�Lt�.aciion to p�oteM ead preserve sucds va�;ant or.. t t.`;':`�::• ,
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<br /> ` '� abandoa�d Propeay. Borrower shall also be in default if Sotra�tier,dt�ing th�loan appliration procrss.gave material[y c..�,s�.. � � • .
<br /> � fatse or inaccurate infom�ion or s[ace�eats co [.eadrs (os falled c,t,pcovide I.eader with any macerial in!'ormation) �•,- , r. ., _�`•.-•. .
<br /> � ',`.� � in canaection with the toan evidenced by the Nate.including,but rv.tt�Uatitcd to.mpreseatations wmrrniog 8otrower's ` ; .•.
<br /> axupancy of the Property as a priitcipai•residwtce. If�teis Sece�rity InStnuaent is on a ieasehold. �orrower sha!!comlti}I�•
<br /> , , _ � " � arith the pmvisioas of the tease. If Borrower acquims fee tiett ta tke Propecty. ttte teasehoid and fee[iile shali�anU� ` `-�� .,
<br /> � ':� be merged u;�less Lende� agrees to the merger in�ritiag. ._ __ -_..___
<br /> (, doad�inn. The pmceeds of anp awazd or elaim fur.d2�ges, ditect or conseqaential, in.�nnactian.with
<br /> .. �.s any condemnation or other taking of aay pan of the Prop�ty. os.iat,coaveyance in place of condc�mnatian. ats tteteby - --- ,-- -�
<br /> assigned and sbail be paid to Lendzc to tlre exteat of th�full ampkttS af the indebtedaess that•remains. wtpttid��under
<br /> ,:� the Note and this Security Insmunen� Leader shall appty s�nab pra,�eeds [o the t�eduction of tlte iudebt�tste�s�.under ._Y,,�_;'`r'
<br /> : . _ -`•; the Note and tlyis Seauity Iastnun�nt. firsc to any deliaqu�tt �btass appli@d in tlte otrler p�ouided�iA.P$m8n►P�l��3, . _:,'
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<br /> � . and then to prepaymeat.of priwcipal. AnY aPPlication of Qu�pra:e+eds to the priacipal shall:noU ext�ud on�ppscAP� -+ ` ` •,�
<br /> `� the due date of the uartJily payt�enu.Ahirb aze cefesred ta�in paat�gtaph 2.or change the amAUnt,ofsuc3i�P�kmenu. -t .E. ,��..
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<br /> ` :i Any excess pmceeds over an a��mt.required to pap ail ouutt,s�ing indebtedaess undec.tha Note.and��thie Security � , f.��,�
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<br /> - �� Inmutneat shall be paid to the entity legaUy endded th�eto. _
<br /> _ � � __,,J 7. �arges tn Boi:awer�td Pmt�ImQ of Let�d�a's N�hta ia.ti�s P[+a�eq. Borrower shnll�r�#►N;aUi�ovemmental *� _
<br />- -= -- T�_; or miwicipal c6arges.fiaes and'smgesitions thaz are et�t i�dCe3�.in.para�aph 2. Borrower�sfeaU:�p;�itb�:obligations �-r"c-=`-�—'
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<br /> _ • •:`�� on time directly to tlie entity whir.,h is owed the gay�. if;f€31c►t�to�pay wautd adveaset}t�.aft�Cet 1�end�'s intetest ia •.• . ���:�-
<br /> ';?�:�= tt�e Property. nPon Lasder's r�q�:.est Hoero��er shall:piomptly,.•fumist��to Lend6r���s..�1d�nAi�g�th�se PaYma►�s- . -
<br /> •. ��,�¢: If Borrawer fa�s to m a k e t�e pay�tu o:t h�e pay�a u:�r a q u i i a d=b Y P a�g e a p�°�:o�.:f�l s:t u,p e r f o r m a n y o s i t e r —_.-,._
<br /> :,: . , . • covenants and agr�ss contained in this Securiry Insttw�l�.or,thxie.is a.legat�p�`�cz�ng that may slgnificandy ,�,;,, ;,..� : .�a-
<br /> r:. . affea L�ender's righis Iri.th✓�Propeay (susb as a pioo�ad'mg;u.ubauYruPtaY;fon�condenmation or ta enforce taws or � ---
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<br /> � regulatio�), then Lea��r m3y do aa�3 pay whaz�er is a�snn1•m��rotect the valae af the Property and i,ender's rights � - ::;�
<br /> ; . ' - :: in the Property. including paymens;of tnxes,baaard ins� sztJ�other.iterr� mentioaed in pazagrapb 2. •': .�•�
<br /> . '•F Any�nnts disbursed by lxndt�t uuder ihis Fasa�a�h sp211'hecome an addiuonal debt of Borrower agd. 1�.� '
<br /> . secuted by dsis Secarity Instr�menf: 'iisese amouats shall b�itrterest from the date of disbutsemenc at the Note rate. }��;'
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<br /> , . aad ut the optioa of Lender shall�he imunediateiy.du�a�payahle. ' �� �'
<br /> '. Borrower shall promgtly disch�sgr�any Uai:wlii�bas�psiority over this Security Instn�ment ualess Sorrower: (a) ____
<br /> � � � agrees in�niting ta the payment�o�ttce obligas7� s�csued•by the lien in a inanner accepta�te to L�a�N)��� � _ _—-.
<br /> in gaod faitii thc lien by.or defe�,ds•agalast.enfirp�lsi of;t8p li�in,legal proceedings �'�.e���a the L��'s op'r�•� � ` — —
<br /> . - opeiate ta pr�veat the enforcement� of:tha lien:;br��(C)_sec�r�Efioni�he hnGda[ of the!�raa;�Z=�atisfas�a��',. _
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<br /> . � '���Leader subordinss�� ilr:lien m this Seauity,lirs�m�'�:: �l.eader���ar�aes t�ai.�Fart,�f-��?cC+Pe� � �i�.� r
<br /> %? . t6�.s sr�.?,�s�i�r�*�A�.�ad�c,�►y P,ive Borrower•a ara�ic�a�entifying . ,�`I,.:,' j���,-
<br /> �r� � � su�cc[to a liem w�"�'.attain pxiotiry uve�
<br /> '`F" . . �_, �• •. ;t��a li�.�'���r.sF•,r�t satisfytln,liea or�take•a��r r�cY:�i�c:aotidna�setrfo:th above wiWia lOc��softhe givin$ ' .• _—
<br /> . `' �' . � of aoti�,. :. , . ,: , �
<br /> �_ 8:�,g�s:�Lender may eollect fees ar.��c[sas�s �_tho'rizet� b�+.tt�tr�Secretary. ,
<br /> . . ` .S. (iia�ds for Aooete�ation of�II'e6h: '� �._�^
<br /> � (a) pefanIV Lender may.eaceept as limiiea.by regulatious issaed by the Seccetary ia the ease of paymeut --___-�—
<br /> -- . � � � defaults� reqai� inmiediate paymr.ae in tull;of�aU sums seaued bythis Security 1nsuument if: � , 7 . . :,�_.�"
<br /> � , '' (� Bocca�ver defanlis byfailiag w pay.�ir�•full�attp��onthty payment requimd by this Seeuriry Instnuneat �� ._�
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<br /> prior w�or•on the d�dat�a of�te�aexr montWy��ycnen�, or
<br /> ��� (u? Batrawer defaults bp,f�iling.for��periad o£thirry days,to perform aug��o�er obligattons containe�� � �•� .
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<br /> }��U� III d11S �7k-ii� ril$f111ADEA� • ' . � • • �, . . � — --
<br /> � �� ,� . (b��,Sale W��!c Ctvdit Appmval. Lc�r•.sha13:if permitted bq�g�n,�31e �T�.�i"ir.r.lridm� s:i��aaa 341(d?_ef � � .-
<br /> �� ; •���Ciara-St. �3em�ain,Depositary�Iuctint:iors Aa of 1982,12 U.S.C.1701 j•3fa)i���anttc'W,h'r¢:io;ag�nz�raa:� -
<br /> � o�ia�a Seccetary. ieqpire i{mnediate payment in full:of all sum5 secured by this�urIty E�ent if:.: •_:�':'���•
<br /> � � •� ;�� " (i) All or•part of the Pmg�erty.or a beneficial intemst in a uust owning all or part of dIe�roperty+,istsa�'r� � ." -'- • ---.
<br /> or otherwise uaasfetred�(ather tban.�by devise or descent). and � • � � � ��
<br /> , . .� - (ii) 'l�e Propecty�is not occuPied�is�the punhaser or grantee as bis ar her principal�n.•�►�:!�ce. or the ' �j .�."
<br /> . : . pwchaser. or grantee daes so o�,� the Froperty, but his or her credit has not b�r ?PProved��. . . .
<br />:,� ' aceordaace wiW tDe r���:�res �f the Secretary. . � .
<br /> • (e� No Waiver..If circu�.:►x� ocau't�zt would pemvt Leader m reqaire im}�,ediate paySaent in full,'�5:�:' , .
<br />"5?;, � � Leader does r,r�t require such paycaa4.:�i.- �,�der doe5 not waive Lc� �ig�.ts with'r�spect to si:t�r�uent events. - � �
<br /> -- .: (� Rc�]ffiia� o�1lUD Seatelary. 'd�:.rr.,any citcntastances regtri.�linas issued.by We fie�'ae;t �vill limit ,
<br /> '�'° �, Lender's rights,ia the case of payment d`�;�uits.to require imcnedia.e payment ia full and fare�:ir:�i±�aoa p�3. .
<br /> ' � - '1�is Security insuument dces not authori2e acceleiatinn ar foreclosure'ifnot perntitted bytegu��otts �f�e • ,. :_ .:t�
<br /> . : ,i �TetarY• � �. . , . _. � .
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<br /> . (e) Mortgage Not[asiued. Borrower u�rees thai if tt:s�S�xvrity [n.stivment and the Nate arr nnt.deserminsd .;.,..
<br /> � . • i to be elisible for inswance under the.J�'a1:t:�al Housing Act withi� 60 DAYS . , from the
<br /> '-� ' :_.� ctate hereof, Lender may,at its optton t��im tmmediate payment i'n full of all sums securesY by tbis Security - ,
<br />"''�"'r Westrumme�nt. A wriuea sta3Gment of any authorized agent of ttte Secretary dated subsequent to ,
<br /> �',.;r'�,,`. • ; . � _ .
<br /> � j BO DAYS from the dat�e hereof. declining to insure this Security l�trument aad the Note. shall be _.
<br />_ ' �� • , dE�emed conetusive proof of such ineligibility. Notwithstanding the foregoing.this option may not be exercised • � +
<br />_ - • � � � � by Lender when the unavailability of iasmance is solely due to lxnder's failnre to remit a mortgage iasuraace • �
<br /> � premt��rn to the Secretary. . . . . .
<br />_ . I�RASgA-Ff1A DFF�OS 78USP � - -----
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