|
y .... ........ . w.... � , .. .. .. ..V
<br /> .. . � o.•' -��9lf'9v 4 � - dj - .. '�t'!\` ��:+t� �f4( 'i � u'i75V%:i`�Yi�
<br /> �K�t !� Y SS�i � � „!•4_ .'1�f. . ��I-h�::.f��-�''t/�1���1--i�n�+�r t�
<br /> �'�,t� ^�t'��i�? ��s rti 5r i� s , �'."`�i' ��3a n p`�,�,�f�
<br /> <,� ,. �.� ,' �t{�'�f"^�
<br /> •..,f..•., _}
<br /> ,.� " ? ' ,.. .. _ . . ' .. . .
<br /> . .y�� . ,. c �
<br /> _ rc ,o , i,
<br /> r
<br /> A� si....___�....e_._�_..� —__—.___.�r_..1 - �_.�._..tS1JL...`...____'��...�,_..'�?
<br /> . � _.._....__'_'_"_�_ �.
<br /> ' �; t�"' ����9 -
<br /> . � p� circum4tancea. Borrower shall aot comiatt waste or destroy.damage or substendally cbanQe the Pco�rerty or pllow the
<br /> >;'� . l�roperty to dete�torate, reasonable wear und tcar excepted. L.ender may lnspect tbs Properoy if�he Prope�y ia vacant _
<br /> or ebandoaed or the loan is in default. Lender may tnke reasonable actton to protect end preserve auch vacnnt or -
<br />� ° f abaadoaed Property. Borrower shail elso be in default if Borrower,during ths loan appllcadan process,gave materiaUy =;
<br /> false or inaccurate iaformatloa or statemeats to I.ender (or faSled to provfda Lender viith an�materlal infomiadon) ;:-
<br /> � ---------� irt cQaatcetoa v�ith the loan evIdenced by the Note.laeluding.bat nat limlte�to,re�resentattans concemIng Borrower's E-
<br /> � " r•� occupancy of the Property as a priacipal residence. If this SerurIty Insm�ment is on a Is�ss$bulcl, �onower ehall comply
<br /> w(th tde pmvisions of the lease. If Borrower acquires fee tide to �he Fmperty, the leasebold and fee ude sh�11 aot �`,
<br /> `"�"��� be a�srged unless Lender agreea to the mer�er ia wrtting.
<br /> ..,
<br /> .r•�`.. 6, Condemoosdflm. The pmcedds of aay award or clalm for damages, direct or consequBntial, in conuection with �
<br /> _ any condemnation or other taking of any part of the Property.or for conrayance i»ptar.�o�condemnadon, are hereby =
<br /> . asstgned and shall be paid to Lender to the eacent of the i�ll amouat of tbe indabtc�dsssss tbati rea�ains nnpaid under
<br /> � the Note and thls Securiry Insuument. I.ender shail apply such proceeds to the reduat�ort of ihe iadebtedaess under
<br /> �,� the Note and this Secudty Instrument, first to any deliaquenc a�»ounts applied in the ord,ar provided in parngmgh 3� .
<br /> �' snd then to prepayment of prIncipal. Any application of the proceeds w the griacipal aball not e�ctead or postpoa�
<br /> tLe due date of the monthiy payments. whtch are refeaed w in par�gcaph 2.ar chauga t6a anmouat of such payments.
<br /> qny ezoess pmceeds over an amount reqaired to gay all outstand.�ug iadebtedneas undst d�,e d�ate and this Sec�uIty
<br /> Insuvment shall 6e paid to the entiry legelly entitlad themto.
<br />- 7. C3�rga w Bomower aad PmLect[on of I�'��gWa in tae Fnapccty..Barronv�' s�Y pay aU gov�ram�atal _
<br /> --� �.-.-, or munlcipal charges. fines aad impositians that ere�zat nmcluded in paragraph 2. Earsoever shalt pay these obligatlons .
<br />� �`'� .n t'ras din�sly to the eatity which is owed the payment. If failure t�pay would adverselq a59Cect Lender's lnterest itt.
<br />`,,`'�,•,:;��. the Property, upon Lender's request Borrower shall pmmpdy ti�rnish w Ixnder receigts evu".�ncing these PaY��.
<br /> . „ . - If Borrower fails to make these payments or tt�payments requic�d by paraQreph 2,or faiis w perforai aay other
<br />��',�;:,' COYE'LHIItS 8IId 8$[ECD7EAt6 coatained in this Secudty Instnimcat, or there ia a!�rroceeding that may siguificantly –
<br /> , ", a affect Lender's rlghts in the Property (such as a proccedInII ia bankruptcy. fax aarr�naiion or to enforce laws or
<br />,=:i,z„ .' reguladona)� then Lender may do and pay whatever is uecea4ary W prmtect the vs�lue a�r the Pzoperty and Lender's dghts
<br /> z�'� in the Property, including paymeut of taxes.hazard Inaurance and othet itans mEntio� �a�aragsaph 2.
<br />���%:'J�" Anp amouats disbursed by Lender uader Wia paragraph sdall become an sdd:.�^a�A debt of Borrower and be
<br /> -�.=�---� sectnrad by this Secudty Insbnunent. 'Ihese amounts sUall bear iaterest from rU�e�av:+��'�tis�►ursement at We Note rate.
<br /> �'-�'`? aud at the opdon of Lender sball be imme�iately due and payable. � �
<br /> ..����;�.. Borrower shall pmmpily discharge any liea which has prioricy ovet th5s Sec�ity.�t unless Bormwer. (a)
<br />,-;�;�;�;;,� sg�+�es in waitLn�to the payme,mt of the obligatIon sea�red by the tiea in a maaaer scceptaToSe to I.ender;tb)wni� ;
<br /> - _�-�,��Y'� in good faitti�e liea by�or defends against enforcement of the liQn.i�;�egat Pt�oceedinBB abich�in the Lender's opintoa ,.
<br /> A�.:A—W' - operate w pcev�nt the eaforcxment of the lien;or(c) secures from rhhe holder �of the Uen aa agreement satisfactory •
<br /> -=—_= W Lwder subozdinatia8 3�e lien to this Secudty Insuumeat. If Le�dec d8tia�d�..�s that any part of the Property is
<br /> _= --- wbject to a]ien whtch�iray s�ain Priority over this Securiry t�+ ,*+P^ , L,endBr'�Y give Bonower a notice�dentifylu8
<br /> - ------- the liea. Bonuare�sbsll sat�fy the lle�s,ar talce one or:n,ure of thc actionB set forth above within 10 days of the givin� �: ,
<br /> -----_= of nodce. . '. . . .;
<br /> -":.:'y,Wj,:.,a 8. Feea. L�nder•may collect fee�s•aad charges suthorlr,ed by�Us Se�ny.
<br /> -�_��r� 9. Gm�� for� of Deb.
<br /> --�"'�� (a) Def�l� Lender may.exoept as limiced by n�gulatimas iagued try the Secretaty in the casa of PaYcoent
<br /> _ -- dsfamCcs,.re4uire immedtate payment in fult of all sums stcuxed.by this Secvrlty Instc�u�eat if: .
<br /> --- �•f}� �o?*�wcr defaWts by failtng to pay in fi�ll any mnathtg p3yneent reWired bY tl�is Seauity�tuttument �.
<br /> __ �rior to or nn.the due date of the aeat mnat�ly paymeat�oz� •.
<br />_" ;_--� _ . (ii) Borrowea d�faults by fatling,for a perlod of thirty dgys.W.gec�orm aay other obllgaziops contaiaed
<br /> r ��$.�CCA'l��'�S�UIOE��. �.
<br /> ----- ' (b) S�k WitLuot �Ddit Apg�1- Leader shaU.if�ermimed'by egpti(�b2e law(including secHon 341(d)of
<br /> � the Gara-St. Germaia Bepasit+ccry Inat[tutioas Ad of 18a2.12 U.S.C.1701j•8(d)) and with the prioz appmval
<br /> - ___�_� of the SecretarY. �4� �� Payme�c in fuU of att suma saurod by th�s Socurity Tnstru�ueat if: �.
<br /> _--- (y) All or�art of the Property. or a beaefccial interest in a trcust owaing all or part of the Pmpecty, is sold
<br /> _— = or otheraise .4r�nsferred <other thea by d�wise or�d�scent)o�ud
<br />.� ------ ' (ii) The Prnpe�3y is not aaa�pied by.the purchasec or gsant+�e as hia or her p�Iuclpal reside�; or the
<br /> putr,haser or grantee daes sfl oocupy Wa Ft�spetty; buo liis or her credit �as not beea epproved it!:
<br /> --_�_—� accorda�ce with the req�sements of tbe Secretary..
<br /> - ��!� . (a) No Wdver. �U�ircumvtances oaxru du�t was�td pemolt L�nder to require imit�ediate payment���u�'all,but
<br /> --- ,�`R:,-;���� I.eader does nos us�.ii� sush paymenos. IJeudBi�dQCS QOA W8I4C ifs�tts wlth ICSpOCt t0 SItbS0ljCi�'1t4 CVeIIIS.
<br /> L�rY' (� g�� �g�I7D �Y. Iri rilfluy cii+cLlm6ta11Ce8 reguletiOnS isslled by t1tC SeCictery Will limit
<br /> I�der's rights.in the case of�ayment defaular.to c¢qnir� immediate payment ia fi�It aad foreclose if not pald,. .
<br /> ;��"�';'��."�' '1L9s Sec�uity Insuua�eat ddes not authotize acceleration� or foreclosure if aot permiseafl by regulations of c4�
<br /> ,`�;5,,. (e�Nrn Uaau�ed. Bo:rower agc�es�het if this Secuaity ins�nt and the Note are n+ot s�e2ar,�iat�: .
<br /> " � �- to be eligible for insurance uuder the Natinual� I�using Act within 60 IJAY3 ��
<br />•�`.:�_.�:~... - � date hereof. Leader may.at its option requutit ia�diat+e payment In full of all sam� secured bythis Sewniry
<br /> .c�`.� '
<br />'="4.:;� insvr�xmeat. A wriuen atatec��a+t of any autherized agmi csf the Secretary dacec� subsequeat to
<br /> =;'.�?t:�.�.j;� 60 DAYS from the date hereaf►dExliniag w insure this Security Instn�eot aad the Note.shaU be
<br /> .L� J
<br /> _`�"�"°`. " deemed aoaclusive proof of sucn ia6ugiouicy. ivotwimsraad'nng me�a�egvin�,i�is oP+i�in umy i�w�,.,a.,�.
<br />-.�?�': . by Leadec wh�the unavailubiliry of insuraace is soleiy due to Lender's failure w remit a mortsage iusurance
<br /> . . . . , � presnium to che Secretacy.
<br /> . _ . .,
<br /> N�1IASICA-I+HA D�OP'I1tUS1' �
<br /> . " o��sy�.�.coum e�QU� Page 3 of 6
<br /> a
<br /> t
<br /> ' ti
<br />� .. ! � . _ . . _ . . . ._
<br />
|