|
;�`�rf,rt qfitY�43;�uf"'t'j-s���,Yz�, ayf'`�..r•����ti ��"� t^..",'x,�� � t '.r•r;1 ,�f y���� '`x";tW�;7
<br /> L'1 � a •15';�'�: �YF'°S`, p
<br /> JfVYtp'�'j�y`tt1��� ��{��,L,�t, Y-ti :,��.%. 't�n,:� , fSh ��J`n��d,Y,j
<br /> 7j:1(�..Y� "1::�ir�. �` •:Y' .. .•:>��t� A�
<br /> 1'`_' _' �.t� � � : .. _ .. ..S�
<br /> 1'-I � . �.�• . • . ., �. �
<br /> � 4�! �I}�
<br /> r;,, ..
<br /> . . .k Ci�.'f'. " n - .�i.Y�i:6liui. . . -
<br /> .
<br /> _ •
<br /> �� ' � �
<br /> � � . .
<br /> . .. ... .........i�__.�.___�.__._��._�..�.....����..�..._...�_��-�� ��.���._.���.— .
<br /> IY�.W���.r�r�-._� .��_�....__.___.
<br /> a. -, � �:.
<br /> • � �
<br /> j� t.
<br /> �4' .
<br /> " .��'' c�+cwnstances. Harro�rer shail aot commit waete or deatroy.damage or substant!ffily chango th� p�y�o9 0�
<br /> �•:� Property to deteriorate. t+�asonable wear end tRar excepted. l�ender may inspect the Property if the Propetty is vacant �
<br /> �,, or abandoaed or the loan Is ia default. Lrender may take reasonabin actlon to protect and preserve such vacant or
<br /> abaudoned Property. Borrower shall elso be ia default if Borrower�during the loan application process,gave matcrlaUy r�`'
<br /> `� ,._,.� false or inaccurate informatton or ataterneata to Lender (or feilod to provlde Lxader with eny matedal lafom�ation)
<br /> . � in cannecdon with We loaa evidenced bythe Note,including.but not IIaiited to.�eprese�tattons wnceminB Borraw'ct�s -=;-.
<br /> accupancy of the Property as a principal residence. If this Se�urity Instruraent is on a leasehold. }3orrower sha11 comply � -
<br /> .,..R;� with the provlsiona of the lease. lf Borrower acquirea fee title to the Praperty. the leasehold aad fee cide sball not �
<br /> L. be�aersed unless Leader agraes to the merger !n wrlting. _-
<br /> ,;ar� . 6. �en, 'Ihe pmceeds of any award or claim for damages.direct or consequential. in cannectioa wIth _
<br /> �'��^� any condemnation or other taking of any part of the Praperty.or for conveyance in place of condemnation, are hereby `
<br /> , # assigned aad shaU be paid to Leader to the e�ctent of the full amount of the indebtedness that temains unpaid wtder
<br /> .1 � the Note and this SecurIty Instn�ment. Leader shall apply such proceeds to the reducdon of the iadebtednese under
<br /> the Note and this Security lnstrument. fiist to any delinquent amouats applied ia the order provided ia para�{raph 3,
<br /> �' and then to prepaymeat o£ptincipat. Any application of the pmceeda w the principal shaU aot extend or pastpoae
<br /> � the due date of the monthly paymencs. which are refeaed to in Paragraph 2.or change the e:nount of suab,paym.ec►ts.
<br /> � � Aay excess pmceods over aa amouat required w pay all outstanding indebiedness under tha Mote and this Securlry
<br /> Instrument shall be paid w the endty legally enNded thereto.
<br /> = 7. t�uges w Sonower aod Pmoec�On of I�r�kr'�Righta ia dre Aoperiy. Borrower s6ait pay all govemmeatal
<br /> :;:�,:_ or aaunicipai charges.fmcs aud imgasitions that are nat•included In PuaBn+Ph 2. Borrower shall pay these obligattoas ._
<br /> � `�'�`,• on time dlrectly w the eatity which is owed the payinent. if failune to gay would adversely affect Lender's interest in
<br /> ?'';`�;;� the Property.ulson Lender's request Borrower sLaU promptly auaaiab.to Lender receipts evidencing these payaAeats.
<br /> � If Borrower faUs to make thesc payments or the paymeata mctul� bY F�Ph 2.or fails to perform any otber
<br /> �l�` "�'; � coveaants and agreemeats ooatained in this Secudty Instrumenc. ar thare is a tagai proceeding that may slgnificantlY
<br /> �'.`,�j� � affecx Lender's dghts ia the Property (such es a pmoeeding in baakrupt�y, fo�rondemnaflon or w eafor.+oe taws or
<br /> '��' e`); "'r regulations), then L,ender ma do and a whatever is aecessary w gmtect the vahrre of the Property and L�tcr°s rights
<br /> t.i�.�,; . Y P Y
<br /> - .�s'f in the Property, includIaB PaYmcnt of ta�ces,hazard iusurauce and other iLems mentioned ia pardgraph 2.
<br /> Any emou�is disbnrsed by Leader uader thls paragraph shall become an additton,at d� 08 Borrower and be
<br /> ::'r:":? ..�t sOCUred by this SeCUi1Ly in � nt. These SIIiowits sh811 belt IIItetest fi0m th+�dalC of disDUZ& +�+s et the NOie r8ie,
<br />',;;f4. .� �.Y�
<br /> �K �.' ,and at the option of I.eader shall be immedtatelY due and payable.
<br /> a . Eorrouar shs11 gm�ptly �ls!�h?rge any lien which has prIoricy over this S�,a:anmr Iastnuaent unless Borrnwer: (a) .
<br /> :_.,�,cz,.�.�ai . {t�)coatesss
<br /> ;.-.:�, ,� egrees in wrltiag to the paymenc of the obHgation securect t�yibs i�,aa in a� aaxg�bl:, w L�der, .
<br /> "':="'�" •:' In good faitD tUe lien by.or defends against enforcemeat of the 1i�a f�a.C¢gai pcoreedinga which in the Lender's opinioa
<br /> - �.:.
<br />""%•,�-�.. �
<br /> r;;�_� opernte to psevent the c�forcement of the llen;or(c) secures ir�s c�tieFder of the lien an ag�ment satisfeatory
<br />--���.d,�..
<br />�-^�'zj:,;i to.Leend� ��� �e lien w this Securlry Inehreiment. If L�u�:c� ��es that az►y part of the �
<br />���:z?:��t:.`�_ 'SpbJeCL.S0.A�1ie1`►wh[Ch Qesy�1Qflic1 prlo$ty over 1hi8$eCi�'�ly lnatn�mpnt� [xnder��give�wer a aotia,id�at�fyln8
<br /> -�u��'=;�?''� th�Ii�q. goYrbwer sha11 sa�tsfy the lien or take one or s�nre of thB ac1},ons set forth,above wlthin 10 days of¢he giving
<br /> _:x�:=rf� of notice. �� � .
<br /> :_.�a:s.� 8. Peos. IIxnder may collect fees and charges authorIzed by the Secretary.
<br /> ,�,-�-��'°�� 9: Grouads for Aecderatloa of Debt.
<br />�;,.�,�,�� (a) Defml� Lender may.excePt as limited by regulations issued by the Sea+etary ia the cese of PaYment
<br /> _--�._� defaults,n�4uire immedTate Payment in full of ail sums seau+ed by this Security Insavmeat if:
<br /> . (i) Bu�wer defaults by faileng to pay in fiill anY��Y P8Y�►t �N� by rhis Securtty Instcumeat .
<br /> —�--�—�� p�ivr to or on the due date of the next montWy pay�ent, or
<br /> - -- (ti) Borrower defaults by failing.for a pP.riod of thiRy days.to perform any other obligations oontained
<br />-�,.�;:•'._::.. in this Se�ri¢Y Hnsuumeat.
<br /> '°��'' I.ender si�aiI,if cmitted b liaable law(lacluding secdes� 36?lQd)of
<br />- - -- (b) Sale Withait 4'h+sdtt App�oval. Pe Y aPA
<br /> W �-"_—— the C�t.St, G�nain Depasitory �nstituttons Act of 1982,12 U.S.C.1701j-3(d))aad wlth the ptioF.agprmval
<br /> � ------- of the Socretaiy, reiNire i�e�iate Payment in fali of alI sums secured by this Se�riey Dmetivmeat if
<br /> __ _------ (i) All or part of the Pmpeity.or a beneficial iaterest in a uuat owning s�lll or part of the Property.is sold
<br /> � cr cthe:vvIse transferred (other tban by devise or de5oeat), and �
<br /> (ii) 'Ihe propeity !s not axupied by the gurchaser or grantee as hia or her priIICipal residenre. or the
<br /> --=�=' pwehaser or grantee does so ocxupy the Pmperty, but his or her cc�edit has not boen approved ia
<br /> bb=_".�,°��
<br /> T,:;�,�:-�--- axordance with the requirements of the Secretary.
<br /> .���'7�-"�.� (c> No,watva. I�circumstances oc�u that would permit t�ender to reqnire immediate payment in full,hut
<br /> _ :;•:"�'�=. Lender dces not require such payments. Leader does aot waive its�ights wtth respect to subse�uent eveats.
<br /> - . . (d) Regula�o� of HUD Sec�¢Y• In many circumgtances regt►lations issued by the Sec�ary alll limit
<br /> -, . '.,.;,�, - Ix.ader',a rights.in the case of payment defaults,to require imnnediate payment ia full and foreclose ifaot paid.
<br /> :.:.� ;;;t 'Ihis Sec�uity Insmimcnt dces not authorize soceleration or foreclosure if not permitted by regulations of the
<br />_` , Secietary. -
<br /> .�;.:< . , (e).MtntgAgF Nnt Insumd. Borrc�w�t agmes tfi�trc if this Security Instrumeat aad the Note are aot d�mined
<br />;:�,;•.':' ' �' w be eligible for insvrance undez dte N�:ion�3 FYousing Act within 60 DAYS �m� _
<br /> � dase tiereof. Le�tder may.at its a�rion require immediate payr,�ent in fuil of all sums secured by tHis Secudty
<br /> . '�� ias�nameat. A wrluea statemea2 of any authorized age�Y of the Socretary dated sub�quent W _
<br />���►� i �n nnvc fi+nm the date hereof,declining w insore this Security Inst�umeac aad the Note. sball be -
<br /> " � =" �:�'� dcemad conclusive proof of such ineligibility. Notwithstaading the foregoing,tteis option may not be exea+cised =
<br />= "' ` ' by Lender when the unavailability of insurance is solely due to Leader's failure to cemit a mortgage insurance _
<br /> � �� = �, premium co the Secretary. —
<br /> �<, „ � D�OF 1ItUbT �
<br />- .. o�,�en s�+.�.ceom���wa Page 3 of 6 =
<br />
|