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<br /> �;.���r circumstanccs.Borrowcr shaU nat comm[t wnstc or d�stroy.damage or substantially i gc t r r allow tho _
<br /> .-=�,.� Prn p srty�tU dcterlaratc,rcasanable wcur aa.d tcar exccpted• l.ender mny inspcct the Property IC tho Propeny is vucant �-
<br /> � ar abandoned or thc loan is in default. Lender may t a l ca rcason a b l e a c U o n t a p r o t e c t and presorvc BAVO mut�aP� _ ���
<br />. '�-'�� abandaned Properry. Borcower shaU also be it►det�ult if Borrower.during tde loan appUcationproccss,g Y
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<br /> f e l s c o r I n accuratc Informatlon or statemcats to Leader(or tailed to pravide I.ender wtth any matcrlal intarmat nn
<br /> "'��"'� in oor,neciion wlth the loan evidcnced by tha Note,lncluding,but aot Waited to.representaU�ns conce r n i n g B n r rawer's
<br /> 'r�`'� oocupancy of the Peoperty as a prinetPal residenc:a If thLs 3ecurity Inetrument is on a leasehol0,Bnrrower ahall mmply
<br /> '" °•-� with the provlsions af the lc�e. I��iorrowct ac,qulres fcc tftic to the Propeerty,the lcaschold and fcc tltle shall nat __
<br /> ,�� bo merged unless Lender agrees to the merger Inwridng.
<br /> G, Condomn�tioo. The proeeeds of any award or elalm tor damages�direet or oonsec�uential,tn e�nneetioa wieh
<br /> �"�`-'� any caudemn�Uoa or other taldag ot aay part of thc Propsrty,or[or oonvrysnce ln place of oondcmnaUon,ure hcreby
<br /> ,�� � asstgncd and shall be paid to L,ender to We ext�nt oi the full amount of the indebtedness thtt remalas unpaid under
<br /> -� ;_='� the Note and this Secutity Instru�►ent. L,ender shaU npply sucb proceeQs to the reducdoa ot the indebtedACSS under
<br />,� �:'��� ' We Note and this Secudty Instrument,flrst to anydeUnquent amounts applied in the ordat provlded ia pacagreph 3+
<br />���.°c t,. and then to pr�payaient of princ[pai. Any appUatlon of the pruceeAs to the principal shaU not extend or pwtPots
<br />°:�x:�;:~— the dua date of the monthly payments,which are refenal to in paragraph 2�or chaage the amount ot sucb Faym
<br />;_��, �?i� pny caccess procoals over an amount required to pay aU outstanding indebtedness under che Notc and thLs Security
<br />;.;;�;a� Instrument shall be paid to ttte entity legally endQed Wereto.���P�r �n�r shall pay a1L Bovernmental
<br />--�� 7. Qur�ea to Ho�rOwer aed P[etocxioa o�I,a�da'�RiSM
<br /> =� — or muNc[pal charRes.fines and imposidons tdat ore not lncluded in paragreph 2. Borrower�hA11 PaY tda°obHgatloas
<br /> :s,z�� oa time directly to the entity which�s owed the p�ymea� If failure to pay would advarsely effect L.ender'�interest in _ _
<br /> ---�-- t h e P r o p c r t y�u p o n L,eadcr's r e quest Bonower s6iU promptly turnish to Leader rooeipts evtdenc[ng these paymenta.
<br /> �°;s"� It Bonower fails to makc these paYmenta or�he paymeats irq u i r e d D Y para B r A P h 2�o r h i l s t o p e d o r m a n y o t h e r
<br /> coven�nu ead agramcnts oontatuod in this Sr.curity Insaument,or there is a legal prooeeding Wat may significantly
<br />`iL�"�,�_� af[ect L.�nder's dghts i�►the ProPerty(such�.s e praceeding in bynkn►ptry.for oondemnadoa or to eaforce laws or
<br /> ---°— reguUttons)�then Leader may do and pay whatever is nec�sary to protect the value of tha Pcoperty and Lender's dghta
<br /> in the Propeny�incladinB payment of taxes,haznd insuraace and other itea�s mendoned ia paregrePh 2.
<br /> -- — Aay amounts disbursed by L+ender under thls parag[aph shaU become an additioaal debt of�3onower and be
<br />==---— sccured by thls Secudty Instrumea� These unounts shsU bear interest 8om the date of disbursetaent at the Note rate�
<br /> --� and at tttc opUon of Lender shal be immediauly due and payxble.
<br /> Bonrower shall prompdy discharge any llen which has prtority over tWs Securlry Iusu�ment unless Borrower.(a)
<br /> _— - agrees in wciting to We payment of�e ooiigxui��,�w�t tsy ihe l3est ia s usannPr A�e�tabte w I.ender.(b)ooatests
<br /> in good faith the lien by,or defend�s against enforoement of tha Ilen in,legal proceedings W+hich in the 1.ender's opinion
<br />_-- — opcsrute to prevent We entoroement af the llen;or(c)sesures&om the holder of the llen an agreemeat satisfactory
<br /> -- — t o L.e a d e r s u b o r d L�a t i n g the lien w this Sauriry Insuun►en� If Lender dsternttaes that eay puc of the Propeny is
<br /> ___ aubject to a Uea which may Attain pdority over t6ls Sxurity Insuumont,L�ender msy give Horrow�r a no t lce i den t i t�r i n g
<br /> the lien. Borraw¢r sball satisi�r thes Uea°T u�k,e oar.or mora of the actlons set forth above wItt�ia 10 days of tho g[vIn$
<br /> o!noticx.
<br /> — — 8, Faa. Lendcr may aollect fces and charges authorized by the Secretary.
<br /> --- 9 (3moads for llooe�atlon ot Deb�
<br /> (a) IWi�olt. I.cnder may�accept rs limited bY regulstions issued by tho Seczeuuy in th�case of payment
<br /> defaults.require iauaaliate paymcat in tull of all sums secured by this Secur[ty Instrument if
<br /> (i) Borrower defaults by failina to pay la tult any monthlY PBYment roqulred Dy this Securlty Iastrument
<br /> prlor to or on the duc date of t�aa ee.xt montWy payment,or
<br /> (ti) Bonower defaults by failln�,for a pedod of thirty days,ta perform any oth�r obllgattons aontatned
<br /> in this Security Instrwnen�
<br /> (b) S�e Wityout�t A�pcov�t, I.ender shaU�if permitud by applicable law(including sectlon 341(d)oi
<br /> th�C}ara.St,peanain Deposltocy Insdtutioas Act oP 1982,12 U.S.G 1701J-3(d))aad with the pr[or approval
<br /> of We Secreta►y.reqtiire Itnmediate p�ymeni�n full of ell sums secuted by U�is SecuritY Insuum�nt if:
<br /> (i) All or pnrt of We Property,or 4 benefidsl it►terest In a trust owaing oll or parc of the Propercy,ls sold
<br /> or otttenv45u transtened(other thfu by devise or descent).aad
<br /> ---- (ii) The Property is aot occupied by the pwchascr or grantee as 8ts or her prindpal resldenoe.or the
<br /> �_� purchaser or gantee does so oaupy the Property. but his or her crodit has not bcea appron+at in
<br /> - -° a000rdanae with tlte requlremea�s of the Secretary.
<br />- __ ___ _ (c) No Waiv�er. If circ�mstu►oes°ccur tt►at w+ould permit Lender to require iinmcdtAte payment in full,but
<br />=�=._�,.� L,ender do�s not require such paymen�s� Leader dc�es not wnive its rlghts w(th nspect to subsequent events.
<br /> _� (d) Re�ulst�o[HUD Soa�eW�►- In many ctrcumstano� regulations i�sued by t�e Sex[etary w,W Wnit
<br />_���'' Lcndcr's rtghts,in the case af paymentdefaul�s�to rc�qu{re immediata payment in tWi and foreclose ff not patd.
<br /> ,� �;":; 'This Security Instcument dues not autlorize aoceleration or foreclosure if not permittai by regulations of the
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<br />�. ��e�Not Insuced. Bortower ag,rees that if thls Securlty Insuument and the Note are not determined
<br /> '.:�� ' to bc eligible tor insurancc under tho Nadonal Honsing Act withia 6 0 Di�YS ����
<br />-� date hereof,L,ender may,at its optton require immedtate paYment in full af all sums secured by this Seturity
<br /> Insuument. A written statement oi aay authorized agent of tha Secretery dated subsequent to
<br /> J�3�� r� 6 0 DAY5 trom the date herwf,decUning to insure this Security lnserument and the Note,shall be
<br /> - -�- �t_�1.�.�.��.tL��L�f.a.u�iwn fhlent�f{Ifff fN9V IIAt f1E CSCIIC�SCQ
<br /> ----�°°°"`:� QCCIIIfA COIICIUSIVC j1i00I 0I SOCII IRGU�tv7uir. 1�Vtwtttuwuvusb wv w�v�.....ps.-«--r-----.--
<br /> - ' � by Lender when thc unavailability of iasucunoe is solely due to Lender's tailure to remit a mortgage insurana
<br /> . prcmium to the Secrctary.
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