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<br />-���`'`'`� circumstanc�.Bottowor shail not commit wasta or de:troy,damagtl or euM►anUulty change thc Proj�:rty ur dl�w tho
<br /> '�• • ��-� .
<br /> �,rw��f��� - P[Apel�y to detC!'iulato�reasunablo wcar and tear exaptcd. I.ender mvy inspect tho Praporty if tha Pruperty s vAC�nt _
<br /> ��� or ebandoned or the laaa Is in defaul� Leader m�y tako ressonable AcUon to pratec:t end prescrvc e�ucil vnwnt ur
<br /> ' �'� abandoned Property. Hart�wer shaU also bo in detault if Barrowet,durin�the Ic�xn appUcxtiun prc�cess�grve:mrterl�lly
<br /> -'�•�•�1 ' ' talse or tnaccurate tatormotion or dtatemcnta to Lcnder(ar[aUa! to provide Lcpdor with any materiel Intarmatlon)
<br /> -'����� • tn oonnxtton with the loan evlden�al by the Noto�iacluAing.but nat Iimiteil tu�rcpres�ntatiuns uancerning Borrawc:r'n
<br /> a
<br />''�'`� occupanry af the Property u�pdne.�tpal residence.It thts Secudty Instrument is on a le�sohold,Bc�traw�r bhall compty
<br /> wiQ�tftc provislons of tt�c lcasc. ff Barrower nc�J�d�cs [cc tl�le t�thc Property,thc lcuschnld an�l fec UtYo shall nut
<br /> 1�� � be mergod unkss I.cnder agreas to tdc merger in wriUng.
<br />_�T���� 6� Condemn�tioo. '[lto prooeecis ot any Award or claim for demages,direct or oonsoguential.in connecUon wtth
<br /> any oondemnatloa or other takiag of any pxrt of We Property,or[or wnvtyance In plsco of condcmnatian.aro hereby
<br /> . � ," asslgned aad shall bc paid to L,ender to the Gctent ot tdo tuU emount of the lndebtcdnas tdet rematns uttpatd under
<br /> ' the Note and thts Sec�uity Iastrumcnt. Lcnder ahadl apply such prnaals to the reductton oP tha indebtedness undcr
<br /> �.:..,.' thc Note aad tbts Security Iawtrument,tirst ta any deUaquent ataounte applied!n the order provlded in pangraph 3�
<br />�=%��^!:�:::' and then to prepaymeat ot pr[nclpal. Airy application of the proceWs to the princ(pal shslt not extend or pastpone
<br />-"x'?2.:4!',
<br />_-- �, t the due date of the mont6ly paymeats,which are rafcned to ln parsgraph 2,or change We amouat of suc p+rymenu.
<br />-�_�� �',-?� Any exoess prooeecls over aa ataount requtred to pay all outstaading indebtedaess under the Note and this Secur[ty
<br /> �';,�a;w.,.
<br />„°;1w�.•�,� Iasuument shall be paid to the entity legaUy entItled Wereto.
<br /> Borrower ahall a eU vemmentAl
<br /> -:�:`. .�: 7_ Cbu�ca w Borm�a and Pmtec,tba ot I�e�de�a Ri�t�In the Ptoperiy P Y B�
<br />�:¢���:�r or mwdcipal chuges,Snes and imposit[ons tdat are Aot i�cluded in P�B�Ph 2. Borcower shall pAy these oblig�dons
<br />- on time directly to the endty which is owal the pAymen� If faiturc to pay would adverscly nt�ect L,cnder'�incmrest 1n
<br /> ;.�.._L^�
<br /> t6e Pmperry,upoa L.ender's request Bor�ovver shaU promptly turn1sh to Lender reaetpts evl�teuctng these PaYmepta.
<br />=wr'�,��°i'�'•i� If Bunower fails to mAke these payments or the paymeata required by pnragaPh 2,or t�f1a to pedorrnu►y ott�er
<br /> -�"��'�` covenants and agreements ooatalned in thLS Security Insc[umeat,or there ls a legal prooeediag that may slgai6cantly
<br /> �A�:� � agect Lender's rights In the Property(suGh as a pmaeding in baaicruptcy.for oondemaadon or to enfome Uws or
<br />``'''�''-��; regulstions),then I.eader may cEo and pay whatever is nocessary to protect the valne of�he Pmpeny and Lender's rlghts
<br /> °`"-'�'� ia the Property,iacludin8 paymeat of ta�ces.ha7ard Insurance end other items mendonod in paragcaPh 2.
<br /> _w�� � Any amounts disbursod by 1.ender under this paragraph sLall beoome an addtttonal debt of Borrower and be
<br />-�Y.1.`t:�fe•
<br /> ;_-,,;'�,��� secured by this SecurIry It�trument These amounts shall bear intarest trom the date of disbursement at the Note rate.
<br />_=��-:�'-,,; und at the optton of I.ender ahall be itnmedisuly duo and payable.
<br /> -��,�'��:� Borrawer shall ptumptly discharge any Hea wLich 6as priority aver this Security Iastrument ualess Bor[awer.(a)
<br /> - •- agr�In wiiiiu�i�ti�a�t�tt af ttse abl3gssioa�.�sr.�ts;thP!!en L a manner acoeptablt to Lender, (b)oonttsts
<br /> _"""_�� in good faith the lien by,or defends against enforameat oP the llcn fn,legal proceedlags whkh in the Lender's apinion
<br /> -- ---- ,•.� opera te to p rn v e a t t h e e a f o r a e m e tt t o f t h o l i e a;o r(c)secures from the halder oP the Uen an agrameat a�tist�ctAry
<br /> ._�_� to Lender subordtnating the Ilen to this Securlty Instrumea� If Lendar determines tbat any part of the Property is
<br /> �--- -- — subject to a Hen w6ich may attain prIority over this SecurIty Instrument,Leader may give Aonower a nodoe identilyL►g
<br /> ��_._�___� the l�en. Bonower shall satisty the lIea or take one or more of the acdons set forth above wletiin 30 days of the g[ving
<br /> -- ° af nodae.
<br /> -- - $ Faa. Leader may ooUecc fees and charges suWorized by the Serretary.
<br /> - 9 Ciroqsd�foc Aooeimation ot Debt.
<br /> � (a) D�Wt Leader may�except as limitod by regulatIons issued by the Seaetary ia the case ot payment
<br /> --- deisults.re4uire immediate payment ia full of all sums secured by this Security In4uument�:
<br /> -= (i) Bonower defaults by faWng to pay tn[ull any nnonthlY PnYment requlred by this Secudty Insuument
<br /> �,� prlor to or oa ihe due date of tbe nact monthty piyatent,or
<br /> �`� (ii) Bonawer defauits by failing,for a pertal of thirry days,to pedorm any other obligadons oonuined
<br /> ;�� in this Securtty Instrument.
<br /> - (b) Sale WitLant CYod�t Appra�aL Lender shall,if pecmitced by applicable law(including section 341(d)of
<br /> ____�_�;y We Oarn-S�C3ermain Depoaitory InstituUons Act of 1982,12 U.S.C.1701)-3(d))pnd with tt�c prior appraval
<br /> -- .,- --�� of the Secreuuy,roquire Immediate payment in fuU ot ull sums secured by this Socurity Wstrument if:
<br /> (i) All or part of the Pmperty�or a bcne8cial interest in a trust awning all or rart of the Property,i�sold
<br /> or otheivvise txansferral(other than by devlsc or desoent),end
<br /> �--�ss��—e ` (if) The Property ts not oocupied by We purcbasec or grantee.as his er her prtncipal residenoc�or the
<br /> - — pwehaser or grantee does so oocupy the Propeny� but his or her creclit has not been approved in
<br /> ----=__ �� aocordance wltb the reqiiirements of the Secretary.
<br /> �'.;,,,., —'�' � (c) No�yaf�r I[c[rcumstances aocur that would permit Lender to require immediate payment ia tull,but
<br /> -_:;��` I.ender docs not require such payments,Lender does not waive its rights with respcct to subsequent events.
<br /> - . .'.". , (Q) Re�ulatbos ot HUD Soaota�y In many circumstanoes regulatians i.5sued by the Secretsry wIll limit
<br /> - �`�'���� Lender's rights.in the case of payment defaults,to require immediate payment in full and foreclose if not patd
<br />°r,���. � � 'I7�is Secudty Instrument does no!authorize ucceleretion or foreclosure if not permitted by reguladons of the
<br /> -- � Secretary.
<br /> � , (e) Mortpse Not Insunod. Borrower agrees that if this SccurIty Instrumcat and the Note are aot determined
<br /> to be eligible for insurance under the National Housing Acc within 60 AAYS fro�►the
<br /> � date hereof,Lender may,ut its option require immedlate payment tn full of all sums secured by this SecucIty
<br /> � ' ' Iaswmen� A written statement of any authorta.ed agent of the Secretary dated subsequent to
<br /> � ,,. 60 DAYS from the date hereof,declfning to insure this Secur[ty Instrument and the Note,shall be
<br /> -=-r___ .,..�.�a.......a...i..o...,....e..ca....�irpt{�ti{�{�„ NnfudthsR�nd{no the fnreaAino.lhis ODdOII II11�V IIOt bC eC(0[CISCd
<br />- -__-;-:..��_._��_.. �awuaw wu.n..,....
<br /> r...........��..»._..�W�. _.__..._�_o--- -� o
<br /> � � • by Lendcr when the unavnilabiliry of insurnnoe is solely due to Lender's failuce to remit a mortgage insuranoe
<br /> � premium to the Secretary.
<br /> � s
<br /> NBBIiA3lCA Nl1A D[SE�OF 1RUST �
<br /> u,�,�a s�y.�cm.,u,�ceoo�u��xs Pagc 3 of 6
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