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<br /> . ...... ..... ......... . . .
<br /> �• , ' . r��aECazo�o g8— 9g— iGssss
<br /> circwnu�n, Borrower sh�ll not commit wute or datroy;��tu►ddly ch�nQe tlu Propecty ar allow the
<br /> propenY to deteriorue. reau>nable war�nd te:t excepted, Lender m�y inipect the Property If the Property ie vscu�t
<br /> or �bandoned or �he lo�n i� ln def�ult. Lender may �dco re�uonRt►le actlon to protect u�d pre�erve �v�:h vac�nt or
<br /> •I�uxloned pcopeity, Botrqwer e6dl ala be in defwlt if Borrowsr, dudn�the lo�n eppUculon procese,gave mueritlly
<br /> fd�e or in�xur�ta inCamution or�tatemmu to L�ender (or f�iled to provlde Lmder wf�h u►y muedtl infatmrtioe)
<br /> tn coancctton with the loan evidrnced by the Note,inefuding,but not Ilmital tA,reprcsenutione cunceminQ Bormwer'�
<br /> occupuxY of tbe Propecty a a prlacip�l raidena. lf thi�Securiry (nttrument l�on a le�holA, Borrowa �h�ll oomply
<br /> with the pmvbloni of tl�e leue. If Borrower �cquire� fa tltle to the Property, the lwshold �nd fa tlUe shdl not
<br /> be merQed unlese Lender �rea ro the ►ner�er ln wdttn�.
<br /> 6, Coodeo�o�on, The procadi of�ny awud or cldm for duna�es, direct or conKquenti�l, in coru�ectlon with
<br /> my condertuution or other t�kina of my put of the Pcoperty, or for conveyance in pl�ce of condemn�tion, �re beceby
<br /> �ssianed �nd sha11 be patd to Leader to tho extent of the full amount af the i�dobtodneu thu rem�ins ►mPaid under
<br /> the Note �ad this Secutity Lutruma►t. I.wdsr chall apply such procxdi to the reductloa of We indebtednes� unda
<br /> the Note u�d this Security Inatcument, first to �ay del'�nquent unouacs �pplied in the order pmvidod in paragr�ph 3.
<br /> uid tR►en to prepaymeat of priacipal. Any appllcation of the proceede to the princip�l shall not eatend or postpone
<br /> the due dua of�he nwntWy paymeacs, wl�ch ue cehrrod to in par�raph 2,or chnage the �mount of such paymenu.
<br /> Any exoeu procxeda ovtr an amount roquired to piy all ouUtu�ding indebtodneas vnder the Note md this Secudry
<br /> Iaunimwt ah�ll be p�ld to tl�e entity leg�lly eatitled t6ento.
<br /> 7. i�rpx to Harow�er aod?��ta�ion oil�eader'i Ri�u fin t� PraQa�ty. Borrowa shatl pay�11�overnnxnuil ,
<br /> or municipal chu�a.fines�nd imposltioni that �re not facluded in paraRraph 2. 8arrower ehall pay thac oblig�tionr _
<br /> on dme diroctly w the entity which is owed the pxyment. If failure ta pay would�dvettely �ffect I.earkt'� iaterat in , -
<br /> We PraprrtY� upon Lcader'� roquest Borrower ahall promptly furnish tn Leader rxeipts evld�eacin� thae p!�ycna�u.
<br /> If Bo.rrower ful�to mdce tt►ese paymenu or the payma�ts re�qulred by pu�rq�h 2,or fdls to pafonn any otber
<br /> oevemwts �nd a�reemeats contained. in thla Security Yaatnunr,nt,� or thero it a legal prooesding tLat may tf�aiflcandy
<br /> affxt [.ader'� ti�hu ia the Property (:uch a�w pmceedin8 in biakruptcy� for condann*tion or W eafota lawt or
<br /> regulat�ow). thai I,eader esNy do�ad pay w6atever i��►ecasary to protoct the vtlue of the Pmpaty wd L,a�des'�r(ghu
<br /> in the �apa'cy. lncludia6 WY►�at of wtea�huacd lnaurura u�d other itam maatlooed in pa�ttph 2.
<br /> My �mnunq disbuned by Lexder under this pan�raph shall beeeme �n additioaal debt of�ocmwer �nd be
<br /> eocured by thi�Sacuriry Insuuma�t. 'fdeae umunu �hall bear interat fi�om tln due of disbunement �t tbe Note nte.
<br /> md u iue opiiiw �i i,c�wcc i�v'I .�.:,i�;«e:y L'se :r.s! ga;!ble.
<br /> Borrowa sh�ll promptly d.iichuae �ny liea wltich Iw priority over th9s:Securiry imtrumxat unia� Bomerver: (a)
<br /> , � �ras in wri►in�tu.the paymeat of tbe ol►li�atlon eocured by the lien in s.�anoer aoapt�ble to I.cader; N) oonta�ts ,
<br /> . in good faitb the lien by.or defeads �ala:t enforcema�t of the liea 1a.1et�1 P�M whkh in tLe Lreoder's opi�ia�a.
<br /> ' oper�te to preveat tbe eafotoanent of tbe lien; or(c) mcura from tbe holder of tLe Ika an �reeu�eot �t�f�aOry
<br /> to I.ender aubordinatiaj trie liw to thi: Serurlty Inaturoent. If L,cader determines that �ny p�rt of the Prq�erty �ls
<br /> �ubject to a liea which m�y�ttain pdority ovu this Security Inatcument. Lcnder may�ve Borrnwa �notia idmdtyla�
<br /> � the liea. Aocrowa s}ull aWafy the lim or Uke one or mnre af the�ctioue eet forth above rrithin 10 da}n of tbe =ivin�
<br /> of notia.
<br /> a. Pea. I�ender auy oollax foa wd cha�a autlwri�ed by the Sacretacy-
<br /> 9. (i�ored� far AooelQado� ot De6t.
<br /> (� Defi�t. L�da� iaay.awept u linnited by�W�tion� iaued by We Sxretary in tLe crue of paymeac
<br /> . defwlca� nqufre immediate payment.in�ull of dt � �aaiced by thi� Sarotity Inan�meat it':
<br /> (i) Borrowcr def�ults by failing to pay in fult�uy monthiY P'�Y�t �N� bY thi� Secutiry in�t
<br /> �. �: � pdor to or on the due.duc of the neat montblY WY��• or
<br /> •. (ii) Borrow�a defwlts by f�nlin�,for i period of thirty dayi.to perfocm wy ot�er obli�atiooe oontaiucd '•
<br /> in this Stcurity Inul�un�ent.
<br /> , (b) Stle Wfdbont Crodit /�rord- 'Lex�der ehill� if penNtted by�ppllcable ltw(includint eation 341(d)of
<br /> ' the Gun-St.,(�n�in �epository 1nstltutioos Act of 1982,12 U.5.C.1701J-3(d)) �ad wi�th tbe prbr�pproval
<br /> ,of the Sacretuy. requ�re �tni�di�te WYment ia fuU of all wmc:ocucod by thta Secudty I�ronuna�t if:
<br /> • (i) AII or put ot'tl�C propecty, or a beneficW intera�t ia a uutt ownin��Il or pact of tbe Pcopaty. i�tAtd
<br /> .. or otheryd�e trwferred (otba tbAa by.devise or dacent), �od � .
<br /> (ii) 'Y�•�roptrty is not occupied•by the pu�clwer or �snta u hu or ha pcincip�l raideaca. ot the
<br /> � � �urch�er or �rantee doa w oocupp tlK F:rpaty, but his or ber crodit h�e not bow �pprov�d`•in
<br /> �ceordanoe with thc requirat�eau of the Secratary.
<br /> (c) No Wairer. If circumatusca occur tlut w�ould,ps�mlt L.ender to requin immaif�ts payment iu fWl�but
<br /> La�der doa not cequire kuca puyttxnts. i�eader dnes uot waivt itr rigbb witlt rapa� to rubiequdK eveats. ,
<br /> (� RqaLtioo� of HUD 5eaearY. [n many circumstmoea iegul�tioos iaued by the Sec.nt�y will limit
<br /> [.ender'a d�hu.in tho case of payiritnt detwlu�to tequire immeditte paymaic in liill md fo[eclae if aot p�id,
<br /> .�.�
<br /> 'I�b Security Inauument �9oes not authoriu aooelerstion or forocloaure if aot pcm�itted 6y rt�u[aions of the
<br /> . Secr�tatY• ,
<br /> � (e) Mo�e Not fc�nrod. Borrower agrees thu if Wis Savdry In�tnuneat ond the Note ue not detetmined
<br /> to be eli�ible for inaur�ac�e undtr the Natlonal Howing Act withln 60 DAY3 �� �
<br /> date beroof, Leader m�y.u ite optioa require imcnediate payma+t ia full of�l swpt�ecured by thi�Secucity
<br /> a .. � ...�.....we nF�nv n�thnri�wcl letllt A�'t}1C $ECtC11'V �Cd iUbOQY�11< <0
<br /> iOtuuiucui. r. ..::».... ..�.+...�.... �.�� �------ -
<br /> 60 DAYS from We date heroof. docliniog to intut+e tbii Savrity itattuma►t and tbe Note. eh�ll be
<br /> deetned conclwive proof of euch ineligibiliry. Notwithaw�ding the for�oiu�,thls optioa m�y not be eaerci�ed
<br /> by[,e�der whrn the unavailability of In�+uru�ce ia solely due to I.encfer'a fsilure to rtpnit �mortg�e intununce
<br /> pranium to the Secretary.
<br /> t�K•reu ue�oP'ntus�' - - s�
<br /> o�..r �.Mc.ma a�.�x� P�Qe 3 of 6
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