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<br /> =� clrcutastancea. Borrower shall aot comnait waste or destroy�damage or substantially chaage t�he Property or e11ow the =_
<br /> � '�P. Property to deterloraW, reasonable wear and tear excepted. Lender may iaspect the Property if the Pmperty Is vacent '
<br /> - •�' or abnndone� or tha loan la in defauft. Lender inay take reasonable actloa to protect and preserve snch vacant or �
<br /> nbandoued Property. Horrower shnli also tse in default tf 8orrower.during the losu applicadon process.gave materlatly
<br /> ' ;? false or inaccurnte iaformation or statements to Leader (or failed to provide Lender with aay mnterlai tafonnatian)
<br /> ' t • W coaaectlon wlth the loan evideaced by tke Note.includiug,but aot Iimited to,representations conceraln�Bonawer's �
<br /> . ;�� oocupancy of the Property as a principal residence. If tuis Security Ineuwnent Is on a leasehold. Borrower ehatl coniply =_
<br /> with the pmWsions of t�e lease. IP Horrower acquires fee t�tle to the Property. the leasehold and fee tide shaU not �
<br /> .+'�'�'' ` bB II1Cf Cd W11C5S LCIIdBI 8
<br /> ,.r� _.'� 8 grees to the a�erger in wrttiug.
<br /> 6. C.ondeamation. 'Ihe pmceeda of any award or claim for damages.direct or consequentlal. in coru►ection with
<br /> �� any condemnation or oiber taking of aay part of We Property,or for conveyazcce in place of coademnatlon, are hereby
<br /> � ' �� asslgaed aad shaU be paid to Lender to the extent of the Poll amount of tha indebtedness that ranatns unpaid under
<br /> "� ' the Note and this Securlty lnsuumeat. I.ender shaU apply such pmceeds to the reductton of the indebtedness uader
<br /> � �>� the Note and t6ia Secuiity lnstnunent. finst to any deliaquent amounts appHed in We order provided in paragraph 3. -
<br /> and then to pr�payment of principal. Aay application of the prace�ds to the prIncipat ahaU not extend or pastpone
<br /> the due date of the aionthly payments� whlch are c�eferred to in paragraph 2,or change the amount of such payments.
<br /> Any eacess pmoeeds over an aAtouat required to pay aU outstandiag iadebtedaess under the Note and this Securlty
<br /> Iasttument shaU ba paid to We entity legaUy entItled Wereto.
<br /> . . . 7. t�argw w Bonowu and Proteaton of Leoder's Righte in the P�op�ty. Bormwer shall pay aU govemmental
<br /> ;, ' or ntutticipal charges.fines and impositions that are not included in paragraph 2. Borrower shall pay these obUgations
<br /> - - " oa tiate direcdy to the eadty whlch is owed the paymeat. If failure to pay would adversely eff�t Lender's intetest �n •
<br /> _ the Property. upon I.ender's request Borrower shaU pmmptly fucaish to Lender receipts evidencIng these paymenis. —
<br /> � , If Borrower fails to�palce these paymeats or the payments required bY P��F� 2,or fails to perforai any other
<br /> . . oovenants and agreementa contained ia this Securlty Instrnment� or there ia a legal pmceeding that may signiticantly -
<br /> ':��: ;�^ affect Lender•s dghts ia the Pmpecty <suc� as a proceadtaB in baNQUPtcy� for condamuation or to enforoe laws or
<br /> regulations), then Lender may do and pay whatever is necessary+to protect the value of the Prop�ty and I.Ender's rIg6ts
<br /> _ °.`':`r� la the Prnperty. includiug Payment of ta�ces.heTaM Insurance aad other items meniioned in paragraph 2.
<br />- " `... �.. Any atuowus disbursod by Lender under this parasraph sl�aall becoane an sddittonal debt of Borrower and be
<br /> ��' � � sacured by this SecurIty Insmiment. These amouats shall bear interest from the date of disbwrsement at the Note rate.
<br /> _.-;s-. "
<br /> =_"_" ' ' and at the option of Leader shall be immediately due and payable.
<br /> -J���Y%'�� Borrower ahaU promptly discharge any tien which has prtorlty over this Secudty lnstcument ualess Borrower: (a)
<br /> �..,;.w. .
<br />_'°`�'_:�'� - aga� ia x7i�ing tQ the gaytt�nt of thp�bl�g?ito� �ecured by the lien in a manaer a�xeQtable to i.ecder; (b) wntests .
<br /> � '�``°� in good faith the licn by.or defends against enforcement of the liea in,tegal prooeedings which in the Latder's opinion
<br /> '�-`''`=�� c��ate to pievent tbe enforcement of the iien;or(a)secures from the holder of the lien an agoaemeat satisfacWry
<br /> �u._iL,�Y'�
<br /> _ �..= ta Lender suboidiaating We Uen to this Securlcy Insaument. If L.eader determines that any part of the Property ia
<br /> ---°°"�":� aubject to a 1len which may attain priority over this Socudty Insuument, Lrender may give Borrower a aot�ce ides�t�►ing
<br /> -��� the lIen. Bomow�r ehall satisfy the IIen or take one or more of the actions s� forth above withiu 10 days of the givIng
<br /> of�attae.
<br /> ��:^� 8. Fees. i.ender may collact fces and charges authorized by the Secretary.
<br /> :,:.:��,"� 9. Gmonds for Aao� of Ddx.
<br /> -°�'"'�`�� (s� DcfmlL I.ender may,eacept as limited by regulattons Iesued by tha Secretsry in the case of payment
<br /> ---- =_— defaults. re4uire immediate paym�ent ln fuU of sU svms secured by this Security Lisaument if:
<br /> ----�� (i) Borrower defau[ts by failing w pay ia full any ipnntWy payment rcquired by thia Security Instiument
<br /> ��,�,� prior w or on We dne date of the next moathly paymatb or
<br /> --�;d� (ii) Bomowet defaWta by failing.for a pertosi of thirty days,w perform any other obligations canu�inal
<br /> —_ ---�—�° ia sht:Sc�cstrtty L-,sta-u�ucut.
<br /> =="'?� N) Sak Witboirt Crcod�t Appiovil. Leader sball,if permitted bY apPlIcable law(inclading section 341(d)of
<br /> � � the Gam-St. Ciermain D�ository Institutions Act of 1982.12 U.S.C.1701j-3(d))and wlth the prIor approval
<br /> "-`� of the Se�retazy, requfre immediate Paymeut in full of all sums saut+ed by this Security Instmme�nt if:
<br /> �" °°_"-�°'"� (i) All or part of the Property. or a beaefidal interest in a uust owning aU or part of the Pnoperty.is scld
<br /> --- or othe�vise transferned (other than by devLse or descent), aad
<br /> �"�''T'�.� . (ii) T6e Property is not ooa�pied by the purchaser or grantee as his or her princ3pal residence, or the _
<br /> —"— purcha�er or grantee does so oaupy the Prope�ty. but his or her credit 6as aot beea xppro�ed fa
<br /> -- _ -- a000rdance with the require�pents of the Secmta�y.
<br /> ---_=-�� (c) No Waiva. If aircua�tances occur thst would germit Lender to rEquice immediate paymeat in tiili.but
<br /> -="�=�"�-— Lender dces not require such payments. Leader dces not waive its dghts with respect w subsequeat eveats.
<br /> ��"'�_=w�'�� <� �te�al�Ians of HUD Sa�aty. In many c�tences regulations issued by the Secretsuy wW lirnit
<br /> ��;���';�;.�,.� L.ender's rights.in the case of payment defaults,to require immYdiate payment in tWl and foreclose if aot paid.
<br /> �': `-.� '�: 'Ihis Secudty Iasuunaent does not authorize acceleration or forecIasure if noi perimitted by mguladons of the
<br /> :_�;:•�,, _ ��•
<br /> y--;';ti;:f,< <;:,, r; te) Mvrtgage Nat�sunnd. Bornower age+ees that ifthis S�curity Instrumeat and the Note are not determiaed �-
<br /> _ _,- ,. � , r to be eligible for insurance uader the National Hoasing Act avith9n 60 DAYS fmm the __
<br /> -_`��. • • date hereof, Leader may,at its option require immediate paymeut la tWl of sU suu�s se�md Dy this Security _.
<br /> ` ` Instrument. A writtea statement of any authorized agent of the Secretary dated subse�uent.w
<br /> '`"'�`� 60 DAYS frora the date heroof. declitting to insure this Security Eastrument and the Note,,, shall 6e -
<br /> �... __
<br /> �� t<r�. -f� deemed conclusive nmof of such inelisibilitv. NotwIthstandln8 the foregoing.this apiion may not 6e eaercised .`.
<br /> � ' �• by I.ender whea the unavailability of insurance is solely due w Lender's fa�luc�to remit a mortgage in9urance =
<br /> � ';s.,. preanium to the Secretary. �
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<br /> na,��s�+,u,�.�eoo��¢i� Page 3 of 6 E".
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