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<br /> • circumstaaces. Borrower sha11 not commit waste or desuoy, dama�e or substantially chaage the Property or allow the
<br /> ' � Property to deteriorate. reasonable wear and tear excepted. Lend�r may inspect th$ Property if the Property is vacant
<br /> � or abamdoned or the loan is�n default. I..eader may take teasoaable a.ctioa w protect aad preserve such vacant or
<br /> abandoaed property. Horrower ehap also be in default if Boaower.during the loan application process.gave materialiy
<br /> false or inuccurate infomAation or statements to Lender (or failed to provide Lender with eny mnteria! informatioa)
<br /> . In conaectton wlt�the loaa evideaced by t3ie Note,iacluding,but not limited to.repmsentations coaceming Borrower's . ,
<br />�' occupancy of the properry as a priacipal tesidence. If this Securtn,► Instnunent is oa a leasehold, Borrower ehsill comF�;
<br /> - wtth the provistoas oY the lease. If Borrower acquires fee title to the Progerty, the leasehold end fee tide shall not
<br /> be merged utiless Leader agrees to the merger in vi+riting. _
<br /> �.z;•..;:a:'. 6. Co�n, The pmceeds of any a�vard or claim for danaages. direct or consequential. in connc�don with
<br /> - '� aay condemnation or other taking of any part of the Prope�ty,or for conveyaace in place of coademnation, are hereby
<br /> assigned aad shaU be paid w Lender to the eatent of the full amount of the iadebtedness thai remains unpaid under ;;;
<br /> the Note and this Security Iastn�ent. Lender ahaU apply such proceeds to the c�eductlon of the indebtedness under ,..�,
<br /> . the Note aad this SecurIty Instrument, first to any delinquent aixtounte applied in the order pmvided ia paragraph 3, _ -
<br /> � and then to prepayment of prfncipal. Aay application of the pmceeda to the principal ahall aot eatend or postpoae -
<br /> .i. the due date of the monthly paymeats, which are referred to in P�S�Ph 2�or chenge the amouat of such payments. �_��
<br /> �� AnY excess proceeds over an amount reqWred to pay all outstaading indebtedaesa uader the Note aad this Se�udty ;;�;:•
<br /> � Iastruuient shail be paid to thc entity legally eadtled thereto. �;::
<br /> 7. (b�ges Lu Ban�owa sod Pc�LOS�on of Le�der's Rights in the Aroperiy. Borrower shaU pay ali governmeatal ;
<br /> . . L.� or muntcipal chergea, fiaes and impositione that are not included in paragraph 2. Borrower ehall pay these obligatIons E'�-
<br /> � oa time directly to the eatity whicD is owed ttte paymeni. If failurc to paY would adversely affect l,ender's interest in �=,--_
<br /> ..,`' � the Property� upoa I.ender's request Borrower shall promptty furnish to Lender receipts evidencing these paycnents. �:�_
<br /> If Horrower fails to make these payttieats or the paymenta required by paragrsph 2.or faila to perform any other ""
<br /> covenants and a$reeraeuts coatained in this Sea�rity Iasmiment, or thete is a legal pmce�ing ihat may signifcmiuy �,�=
<br /> ;�'r �ff�ct Lender's riglits !n the Property (sucb as a pmceedfag in banlauptcy, far condemnation or to enforce laws or - -
<br />�. � reg��latioas), then Lender may do and pay whatever is necessary w protect the value of the Property aad Irender's rIglrts --
<br /> .;� in the Property. including payinent of ta�ces�ha7ard iasuraztce and other itema mentioned 'ut paragrapb 2. --
<br /> Any awounts disbursed by LEnder under this paragcaph shall become an additional debt of Borrower aad be
<br /> . ' secur�d by tl�is Securlty I n s u u m e nt. "l hese amoun t s s h e l l b e a r i a t e r e s t f r o m t h e d a t e a f d i e b u r s e m e n t a t t h e N o t e r a t e. —
<br /> - and at the optloa of Lender ehail be iinmediately due and payable.
<br /> .. Borrower shall pmmpdy dIscharge any lien which hss priortty over thie Secudry Insuvment unless Borroaer. (a)
<br /> -: -_ _ agreea in wrii.ing ui the paymcat af itu ablig�s3oa s�r�d by shP 1len la a�+nner acceptable w I.ender: (b1 contests
<br />- -" �- --- in good faith the lien by.or dePends against e�fomxmeat of the lien ia,legal proceediaga which ln the I.eader's opiniou �
<br /> • � operate to prevsat the eaforcement of the lien;or(c) secures from the holder of the Iien an agr�t sadsfaclQrY
<br />'_: °. , •_•�: to L.ender subordinating the lien w thia Securlry Insmiment. If Lender detelmines that aay part of the Pmperty ie
<br /> - --- � �+-n--•-+... T�e�w•.nnw� T n�As.�mov oivn AnrsnorF7 A 1101iCC �dCi1��II8 - -
<br /> _ �S j;, • b11b�eCI t0 811@A wD1CB m8y atta'in priviiiy vvoi wao.aw....y , -----. o••--- B
<br />=� .,,;y;^�.f the gen, porrower sha11 sattafy We lien or take one or moc+e of the ect[ons set forth above within 10 days of the giving
<br /> ..;i-� .,,,};,; A
<br /> of notice.
<br /> . ,. 8. Fas. Lender may collect fees and charges authorized by the Secretary.
<br />';,.. �, �' 9. (im�dC for Aecdeeatlon of Deb�
<br /> - ,,�• (a) DefsW� Len3er may,exapt as limited by regutations issued by the Sea+etary in the case of payment �
<br /> :...�� :�,•.� defaults� require immediate payment in fi�ll of all swas secured by thfa �ecurity 1nst�umeut if:
<br />:.;.:�_;�.� � t b tdis Sec�rity Iasuoment
<br />�_.;�;-���r� (i) Bornower defhults by failiag to pay in fuii any moa�IY PaYme�► re�N� Y
<br />=-rr,�..:.,•,'.,�„ prIor to or on the due date of the Qeat moathly payment.or
<br /> s;;,..,... , (ii) Horrower defaults by feiling.for a period of thirty days�to perform any other obligatioas contained
<br /> ia this Secudry Instcument.
<br /> ' V (b) S�e�yfthont (�odit Approvai. Lender shall. if permitted bY applic�ble law(including secxion 341(d) of
<br />;,��°., ;;;�:�' ' the Gam-St. Germatn Depository Institutions �.�of t932,12U.S.G 1701j-3{d))aad with the prtor approval
<br /> • .'.'}.�;`_;r of the SecretarY, �1� �� PaY�t in full o�all sums secured by this Secudty Instivment if: _
<br />_-�� (i) All or part of the Property,or a beneficial interest in a trust owaing all ar part of the Pmperty.is sold _
<br />_-:�,;..; or otherwjse uansferrod (other than by devlse or descent), sud
<br /> -�,�,,.�:.,�.
<br /> .„:�,° - (�) '(�e proPertY is noi occupied by the purchsser or grantee as hia or her princIpal resldence. or the
<br />°���� �'�` � putcbeser or grantee does so occupy the Property� but his or her credit has not beeu appmved in
<br /> T..,-..
<br /> . . axoxdance with the requireAnents of the 5ecretery•
<br /> _ (c) No Vilaiva. If circumstaIICes occur that would permit I�ender to require i�iate paymsnt in fuU�but --
<br /> - Leader does not require such paymeau, L.eader does not waive its rlghts with respect w subsequent eveats. '
<br /> .� �� (d� Itegala¢�vag of HUD Soanetacy. In many circuc�stances regulattons issued by the Secretary wW]imit �
<br /> _ . Lender's rigtns�in the case of payment defaults,w require immediate paysaent in fWl and foreclose if not paid. �:�
<br /> ' lhis Sacucity Ioshument does not suthorize aceeleratfon or foreclosure if not permitted by s�egWations of the �-�::
<br /> Secretar5+• -
<br />- ' a . (e) Moitg�;e Not Inso�od. Hormwer agrces that if this 5ecudty Insmimeat and the Note arE aot determiaed
<br /> to be eligible for insuraace under the Natioaal Housing Act within 60 DAYS fc�om the
<br /> date hereof. Lender may.at its option require immediate payment in fiill of all sums seca��ed by this Secudty
<br /> Instrumsnt, p written statement of aay suthorir�d ageat of the Secreta�y dated subsequent w
<br /> - � - - 60 DAYS �...:..a�O.a^ft�nf�h ihelt�cihili�WC.1 Nntg�vi�eta�nAino the fo eoine.��on maY not�be exercised '
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<br />_ by L�ec►der when the unavailability of insurance ls solely due w Leader's feilure to remit a mortgage iasuraace
<br /> � � premium to the Sectetary.
<br /> _, N�1gA.q8A-FFA D�U OF TRiJSP �
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