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<br />.-�':e•��4 P clrcua�stances. Borrower ehail aot commlt wasta or desuoy.dariaage or substantially cbange the Property or nllow the �..-..
<br /> �� Property to deterlorate, reasonable wear und tut�r excepted. Ixnder may inepect the Property if the Property is vucant
<br /> '�� � or abaadoned or the loan ia in default. ixad�er enaY take reasonable actlon to protect and preserve suck vacaut or t� `
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<br /> ° � S abandoned Property. Borrower shall also be in default if$orrower.during the loan appflcation process.g�vematerlally
<br />_�,�°�'"�.� false or ina�aze iafora�ation or stutements to Lender (or failed to provide Lender with eay materisl intormstton) _''
<br /> in connectton atch the loan evidenced by the Note.includlu�,but not timited to.representationa concerntag Burrower's �,,.
<br /> ' a f ' occupaaey of the Property as a principal cesiQence. If this Secusity Instcument is on a leasehold, Bortower shali comply _
<br />.�-�;;�� witt►the provisioas of the lease. If Borrower acquires fee dtle to the Property, th�e leasehold aad fee title shall not ____
<br />-^>�� be mergefl ua�less Lender agrees to the mer�er in wrltIns• �..
<br /> 6. C,o�on. 'Ihe pmcceds of�y award ar claim for damages. dire�t or cansequential. la wnuxtion with
<br /> ��• � any coademnadou or other taking of aay part of the Property. or for wnveyaace in place of condemnattoa,ac�hereby
<br /> � assigned and sh�ll be paid to Lenda:r to the extent of the fuU am4unt of the indebtedness Wat remains unPaid uuder -
<br /> � the Nate and this Se�urIty Iusuument. Lender shali apply suoh pmceede to the xeduction of the iadebnedness uader. i,.`_
<br />`;,,, �. . • We Nate aA�this 5ecuritS+ Iasuum�rit. flrat to any delinquent amouats appl3ed ja the order pro�►ided la Pua�raPh 3, -
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<br /> :`;'i1',F�,r�;,yt��; �aud then w�IP�PaYmen� oPpriuclp�l. Any�aPPlication.of.the.ptorPeds w the prindpal shall not eatend a�stpono
<br />,,,:.���.: •::;7 . Wa.duo date mf the monthly payments, whichh are refeired w in paragraph 2.or change the amount of s�ch pay►nents.
<br />.:".,,:;,1 all outstanding indebtednese under the Note and tiis Security
<br />;;�.�A My ex,cess proceeds over en atnowat required ta PeY
<br />�°'a'�� Insuument. sbaU be paid to the eatity legally entided therew.
<br />��.-;; `' 7. Ch�to Barnnwcc aa9 P�otectMn of L�'e R3�hta ia the Pmpartty. Borrow�er ahall pay al!gmernmental .
<br /> -_-�� or municip�l•charges,flaes aad impc�sIdons that are not incIuded ia parugraph 2. Barrower ehall pay tbese obligations
<br /> "°`°"�� on ttme dlrectly to the entity whicb ia owdd the payment. If failus+e to pay wuuld aJvereely affect Ixndes's Iaterast in
<br /> :.a;�� tho Property. upon L.ender's request Borcower shall prompQy t�mish to Lendcr rscelpta evtdcncing these payments.
<br /> If Borrower f�ils to rn�ice these p�ymente or tha payments requtred by paro�raph 2�ar f�fls to�rforn►any other
<br />_�;;;�,� covenants aad agreements contained in thie Sccwity Lnetcumenb or there Is it legat prceecding thgt may dgaiflcently
<br /> :�-*�■ affect L.ender'e d�hu tn thc Pcoperty (such es a proceeding in bantuuptcy. for condcmnitlon or to euforce Inwa or
<br /> -_4.� rrgulattone)� then Lcadcr may do And Qay whatcver is nccesatry to protcct the value of the Pmperty and l..eader'e rights
<br />-���-�� in�he Pcoperty. includtng paymens of taxes�hsizzerd insu�ance cnd oihcr items mcniiancd ia paragraph x
<br />_.__,:;� Aay am�unta disburaed by Lender undsr tbia ppregreph ehall become an additionat debt of Borrowea and be
<br /> — a�ecu�d by thie 5auryty Inyuunn,nt; 7he,u amouats shell bear lnterest from tho date of disburaemeat at tLe Nota rate.
<br /> „ , � aad�t�agdoa af L�s�� sh�l! �4mmgdiaiely due and payable.
<br /> ."i3"`..`°� Bortawer aesU promptty disch�e any 1Iea w3uc�►has priority over this Securlty Tnstn,n�eut uatess BoROwer: (a)
<br /> — agrees In wridng w the payment of the obligation secured by the lien in a maaner aoceptable to I.ender;@) coatests
<br /> ia good faith the lien by.br defends against eaforcement of the lien in,legal pzoce�lin8s v�+hich in the Leadx's opinion
<br /> operate co pnveat the enforoement of the lien:or<c)secures from the holda of the lien an ageemeat satisfaaory
<br /> _. — to Lensler subnrdlnating the Iiea to this Securlty Instcunnent. If I.ender detemoines that any part of tlae Property is _
<br /> _ subject to a llen which may attai�t priorlty over this Securlty Iasmu�ent. I�eader may give Borrower a notia idendfyiag
<br /> the liea. Barrower shall satisfy the Uen ar take one or mon of the actions set forth above within 10 days of the giving
<br /> _.____. of notloe. -
<br /> ...---'��'s � �•, �. �es. Leader may callect fees aad charges authari�ed by the Secretary• :
<br /> �.�..�;:;;1 � 9. G�a�cla for Aoeda�a of Deht. .
<br /> —.—=��.i. ��• De[a�l�. .Lender may.except as limited by regulatfons issued by the Se�re?ary in the.oage bf payu�nt
<br />- ' defavlts,c�q;,tire imm�adiatc payment in full.of all sums socured by tbie SecurltY Inetrument Ifz;'.
<br />_ ' (i) Boarairner dofaults by failing to�ay la fiili eny monthlY W'►Yment recluired bY this SecurSiy Ipi�suument
<br /> - ----- , }*�is+� t��t�!qr•.�the ciue date of the next�monthly payment. or mn an other obli adom conwined �
<br /> ' �(ii) $o�rqs�� defaults by failing.for a perlod of thirty days.w Perfo Y &
<br /> - � ��'���t� ltcable law(including sectiou 341(d)of
<br /> - ---- , (D) S�L W��ih3odit APPioval. Leader ahall.if permiaed bY app
<br /> � a�,y��.(f�,,h,pcposlwry Institqtione Act of 1982,12 U.S.C.1701j-3(d))and wtth the prlor appmval
<br />_ --�--= of tke 5acxetasy.,re��re immediate PaYment ta futl of all sums secured by this Security Insnu�xnt if:
<br /> - — (i) All or paat a�3't�a Property.or a beneSeiai lntereai in a uust owaing all or part of the P�operty.Is sold
<br /> oz oth�srnj3a trtaas�tatred (other tlsan by devise or desCent). aad
<br /> (il) 'Ih�As9F�''is not oa�upiod by the pumhaser..br grautee :as his or her ps3ncipal resi�ace�or the
<br /> ------ +: pwehas�r.a�.gAS��re dces so occupy the Ptopecty. but his a�r her crodit has not beera �ppzoved ia
<br /> - a000rcl3.,-�e wiC'�i.t1�requiremetus of the Seeretary..
<br /> __ � q�l 4�o V�lsives• If ba�a,mstences occur that would pemiit Lender to require immodiate payme�t In full.but
<br /> :-r���� ' 3�der Qoes got�rer'i4-uo �PaY�ts. I.ender does not waive its rights wIth cespect w subsequent eveats.
<br /> '-�°�,;� (� Re�a�� 01.HUD Sec�aq►. In many ci�c�m9taaces ceguladons issued by the Secretary wiU limit
<br /> a:�i�:� I.ender'9 dg,��s..im t�im case of paymeat defaults.w require im�afldiate payment in full and forectose if not pafd.
<br /> �-_���� 'Ihis S�c+apiey Iizsttur,u�t does not authorize aoceleration or fore�losure if aot pemnitted by regul�tions of the
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<br /> _=--,�s.s �Q�N�e��amted. Borrower agreea that if this Securlry Iastiument and the Note are not detetmiaefl
<br /> v�:�i� w be eligibI¢fmr.�vance uader the National Hausing Act wtthia 60 DAYS ���e
<br />:`n::���� dnte heroo�. Lea�"ec eioay.at its option require itnmediate payment in full of aU sums secured bythis Socurlry
<br /> . _--..•,••— tmfntaLlYlt. A�.VRILMISI f.fAtPRIPf11 of anv authorized- a8a►t of the Secretary dated subsequent to
<br /> .-r�.``::�''' 6 Q D�1Y3 fram the date hereof.GeclIninB ta insure tWs Security Instcuubeat aaa tae iVote.saau oe
<br />�`�=-�`�"�" d�d coaclrFaivp pcaof of such iaeligibility. Notwithstanding the foregoing,this optioa may aot be exercised
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<br /> ��;�..::, �' ' by I,ender wit��w tB:m�:.navailabiltry of ias�uance is solely due to I.eader's failure w remit a mortgage insurauce
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