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<br /> � '� cirewnstmtces. Borrower adall not commit waste or deatroy.damAge or substaatiNJy change the Property or�llow thc °
<br /> '~ ; ' Propeny to detedorute. reasonable wear and tear excepted. l.ender may inspect We Property if tbe Property ta vac�tnt °
<br /> � 4 or abandaned or the luan ta in d�fault. Lender mt►y tuke reasonable nction to protect aad preserve sucb vacant or 6�
<br /> .. .,n abaadoaed Praperty. Borrower ehull also bo in deftwlt if Bortower.duNng the loan applicntloa process,gave materlapy -
<br /> false or inuccurate inforniation ur etatemcnta to L,cnder (or fniled to provtde l.endee with aay materI�l lnformncion) _
<br /> '�'� ln cannection wlth the loan evidenced by the Note.Inalud[ng.but not Itmtted to,represent�tions conceming Borrower's
<br /> •� occupuncy of the Property es a principal residence. If this Securtry instn�m�nt is on a lc�sehold. Hono�ver shnU cc+m.ply "
<br /> with the provieloas of the lease. If Bonower acquirea fee tltle to the Property. the teasehold asd fee dtle ehall not
<br /> -.:r;r,�r • be merged uNes� Lender agrees to the merger in wrlttng.
<br /> � ,., 6. Can�aflan. 1he procceda of any awurd or claim for demagea, dirett or consequential. in cannection witb
<br />`� ;��� any condemaatIoa or othe� takin$of aay part of the Property.or for wnveyence lu place of condemnation, are hereby
<br /> _ � . asslgned and shall be paid to Lereder to the estent of the full s�nuunt of the indebtedness that remains unpaid under
<br /> ._ the Note and t41s Securlty Instiuuraeat. Lender ehall apply such proceede to the rodustion of the iadebtedness under
<br /> the Idote aad this Se�uriry Insuumeat. Rrst to any deliaquent amounts applIed in the order provided in paragmph 3.
<br /> .,, � and then to prepayment of principal. Any applicatIoa of the proceeds to the principal ehaU not excend or postpone
<br /> • thc due date of the monthly payrnents. whlch are referred to in pazagraph 2.or change the amouat of such payments.
<br /> " ` � Any excess pmceeds ovcr aa ainount requlred to pay a11 outstaading indebtedaesa under the Note and thie Securlty
<br /> " Instaanent ahaU be paid w tite entity legally entifled thereto.
<br /> `�'. .': `: 7. to Boriower�1 Protection of L�eadec's Ri
<br />_i...: C6arBea 81�ia We Pmp�aty. Borrower shall pay all governmental
<br /> - � or municipat cher�es,fuaes and im�asiilone that are not iuciuded in paeagea�h 2. Bomnwer shall pay these obligations �
<br />.�,,,"..;�,'�� , on time direcily to the endry which is owed the payment. If failure to pay woWd adversely affect Lender's iaterest in
<br /> . �;��, the Property. upon I,endet's request Borcawer ahall prompdy fw�nIsh to Leader receipts evIdencIng these payments.
<br /> �,�� If Sotrowet fails to �aice these payments or the payments mquired by paragraph 2,or fails to perfatm any other
<br />-;=:�'�`�S covenants and agreements contained ia thIs Securiry Insm�ment� or there is a legal proceeding that may sign[flcaatly
<br /> affect Lender's rights ia the Property {such as a proceeding in bankruptcy, for condemnatioa or to enforce laws or
<br /> ';', r iCguladoIISj. thea I.ender may do and pay whatever is necessary to pmtect the value of the Property ead Lender's rIghts
<br />:;��:f,;,:. � lII Ih� Pmperty,iaduding payment of taxes�heZazd 311SUIeIICe eIId oihel I�Cri16 IrieIISiOIIed III[tsiegiaph 2.
<br />`=�B "`" Any amounta disbursed by E.ender uader this paragraph shall bec�me aa additional debt of Borrower and be
<br /> `��`�`��•• sacured by this Security Instrument. These amounts shall bear interest from tha date of diabursement at the Note rate,
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<br /> _=::�-:a� and at the option of Lender shall be i�nediately due aud payable.
<br />°-=���'� B�sra�er sha!! Frsrmptl; ��3ssr�,�an;lisa khich!�pr�rlt�;aver s2:is Sec�rlty� vsst�Barmws�: (a) _
<br /> ;�;�,i','. , agrees in wrlt�ng to the PaYma►t of tfi�e abligation secured by ttre�lien in a manner aa;eeptable to I�lgr, (b)co�test�s
<br /> `--=fi��;.. in good faith ttte Iien by.or defeads agAiri�t enforcement of ttie liea in�legal pmc�edings wAicl��n the Lender's opinion
<br /> ---Y`�_.�� .. ' �.operate to pnwent the enforcement '�af t�te liea;or(c)secureK from the holder nf the Ueq�+ agreement satisfaccorS►
<br /> -:` � .to Lender eubordinating the lten w this Sewrlty.Insttument. If I.ender detetmines thst aoy part of,the Pmperty is
<br /> _-±�:s� ' �., .�ubject to a lien which may attain priority over tliia StciuIty instrument. Leader may gtve BQmower a aot�ce identifying
<br /> -M��� the liea. Borrower ehatt aazisfy ttte li�s►or take oae or arore of the actEons set forth above'wIthin 10 days of the giW�g
<br /> _„;�;;;�m� of notice. ' .
<br /> =_°=__��� 8. Faes. Lender may collect feea�nd charges suthortzed by the Secretary.
<br /> --°.��-'� 9. Gr� for� of Debt.
<br /> _�'�_;,.�� (a) Defml� I.ender may.eaq.pt as limited by regulationa issued by ahe Secretary in the case af payment
<br /> defaults�require im�edfaze PaYment in futl of all sum�secured by t�3s Setutity�t if
<br /> - (i) Borrower defaulte by failing w pay ia fuli a�y�anlhly paymeat req�'by4his Secudty Insu�me»}. �
<br /> ---�-..------= prIor to or on the due date of the aext monthl,y�eht, or '. � � , , .
<br /> _____ _ � (u) Borrower defaults by Pailing.for,a pertod of s�itiy days.W perf4rn�any othet'obl�$atibns c�ntaia,ed
<br /> ;��� . in tdis Secttrity Insuument. • . .
<br /> _—___ _--- (b) Sale Withoui(�edi! Appa�uval. I.ender shall.if pemtiued bY apPlisable law�9acluding secdon 341(d)of �.
<br /> _.-_---- __-_= the Gam-St.Gern�ain Dc�ns�tory Iastitutions Act of 1982.12 iJ.S.C.1701j•3(d))and with the prior appmval
<br />---___— of the Secretary, re9uire itm�nediate payu�ent in full of all sums securod bythis Secudty 1nst�ument if: ,
<br /> .� _ (i) AU or pa�t of th�Prnperty.or a beaeficial inte�est ia a trust owning ell or pazt of the Pmperty.is sold �
<br /> or othecavise uansferred (other than by devise or descent). and -_
<br />_----�� . (ii) TLe Property is uot occupied by the purchaser or grantee as his or her.prIncIpal residercce. or the ,-
<br /> -_-.�;_� Purchsa�ser or grantee doES so oacupy the Property+. but hie or her cndit',�fias not been appioved in.. .;.
<br /> - --__ accordance with the requireanents of tlte Secretary. .
<br /> _-_ (c) No Waiva. II circumsteaces occur tbat would permit Leader w reqWre iwmodiate paymeat ia fiill,bnt �
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