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<br />_ . �� � • ' rr�•�ecoRa�o 97— �09538 97„� ��c�,� �
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<br /> ' '� • circumstanccs.Borrawcr sha�l not commit wastc or dcsuoy,dumuge or substnntially changc tha Properry ar ullow the =
<br /> � Property to deterloratc,rcasonablc wcar and tcar exccpted. L.endes mayln.spect the Prapeny if the Praperty is vucaut
<br /> � or abandoncd or the l�aa!s in defaulG L.ender may take reasonable action to protect and preserve such vacant or �`
<br />� y abandoned Prorertyr. Borrawer shaU also be ia dafault iP Banawer�duNng the loun appUcution proccss.gave materlally �
<br />� talse or taaccurate intarmatlon or statemonu to Lender(or falled to providc Lender with any materlal informadon)
<br />_" ;,,, � in connection wiW thc loan evidenced by the Note�includWg,but aot limited to.represeataUons wncerniag Bonower's
<br /> oc:cupanry of the Praperty ns a prineipal residence.If this Security Instrument!s on a leasehold,Honower shall comply
<br /> with thc provtsions of U�c Icasc. IP Borrowcr auJu(res Pcc titic to thc Property,tbc Icaschold aad tcc titic shull not �
<br /> be merged unless L.ender egrees to the merger!n wrlting. s'
<br /> � 6. Ooademaatbn. The praceeds of any awaM or claim for dama�es,direct or consequentlal.in cc�nnection with �.-
<br />�.��,,,. any candemnacton or other taking of aay part of the Property,or for oonvcyaace in place of condemaation,are hereby _-_
<br />'` r � assigned and shall be pald to L.eader to the extent oP the full amount o[the indebtedncss that recnains unpaid under =-
<br /> _� �� the Note and this Securiry IasttualenG Lender shsU apply such proceeds to We reduction oP the Indebtedness under
<br /> " the Note aad thls Securiry Instrument,first to s►ny delinquent umounts pppUed In the order provided in paragraph 3, �
<br /> and then to prepayment of principal. Any application of the proceeds to the princlpal shall not extend or postpone
<br />�` '� •� the due date of the raoathly payments,which are referred to in paragraph 2,or cbange the amount of such payments.
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<br />_ • ' - Any exoess prareeds over an amount requirerl to pay aU outstanding indebtedness under the Note and this Security
<br />-�� -�° Insuument shall be paid to the eatity legally entitled thereto.
<br />-"� �` v�,�� 7. w B�mw�er aad Pmtoctbn oP I.eadet's ts in the Pto Bonower shaU a all overnmental
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<br />�*'.,��.:;�,�. or muNcIpal charges,tines an@ impositions that are not Qncluded In paragraph 2. Bonower shall pay these obligations
<br />���,�,���:�;;,: on time directty to the endry which is owed the paymen� If failure to pay would adversely affect Lender's interest in 6
<br />'q���_�- � the Properry,upon I.ender's request Bonower shall promptly furnish to Lender receipts evidencing these paymenu:
<br />=xx����N��� If Bonawer fails to mske these paymenta or the paymenu cequired by paragcaph 2,or faiis to perform any other
<br />��K�.��;:��,;��� covenants and agreements oontained in this Securlty Instrument,or Were is a legal prooecding that may signiScaatly
<br />,�=:--�"`.fl Z a�'ect Lender's rtgtets in the Property(such as a prooeeding in bankrupuy,for condemnatIon or to eaforce laws or
<br /> =�;�,:.t��r regulatlons),thea L.ender may do and pay whatever is necessary to protect the value of the Property and Lender's rlghts
<br /> s�__a'Fz� in We Propeny,including payment of taxes�haTard insurance and other items mentioned in paragraph 2.
<br /> �,,.�ry:.,� Any amounus disbursed by Lcnder under this paragraph shaU beoome an addidanal debt of Borrower and b�
<br /> .-y:��y.r<<:. secured by thLs Security Instrumen� These amounts shall bear interest from the date of disbursement at the Note rate.
<br /> ::.���^'�`� �' i and at the optioa of Lender shaU be lmmediatety due aad payable.
<br />`?"��;`,t,�.:;� Bonower�shall promptly discharge any lien wbich has prtoriry over this 5ecurIty Insuument unless Bonower.(a)
<br /> `°-.;,�.;:A:J+1k;, : a��s ta�ritiag tc,t6e payi-aeat af the obtigation secur�d Gy it,e lfea;a a�a�ei SCC�j�tS�il�28 I.8Ad8i.�h)conitsts
<br />� 'i.�'�:'•� in good faith the lien by,or defends against enforcement of the llen in,legal proceedings which in the Lender's opinioa
<br />�-'""{"'r, operate to prevent the eaforcement of the lien;or(c)secures from the holder of the lien an agreemeat satisfactory
<br />=ti�'=�!?ey to Lender subordinating the llen to this SecurIty Instrument If Lender determlaes that any part oP the Property is
<br />=`�—w--��� subf ect to a llen which may attain prlorIty over this Security lnstrument,I.ender may give Borrawer a aodve identitying
<br />�`�� the llen. Bonower shall satLs'ty the lien or take one or mare of the actioas set forth ubove withia 10 days of the givIng
<br /> --_�� of nodce.
<br /> --�-- 8. Fas. Leader may caAect fees and charges suthorized by the Secrstary.
<br />---:::"`'�� 9 Cimunds for Aooeleratbn ot Debt
<br /> ""'r`�"�� (a) DcLnl� Lender may.except as liraited by regulations issued by the Secretary in the case of payment
<br /> ���`_'�-Y _"�' defaults,require immediate payment in fuU of all sutas secuced by this Security Instrument if:
<br />—�--��— (i) Borrower defautts by failing to pay in full any monthly payment required by thts Secudty Instrument
<br /> _.._-_ prtor to or on the due date of the next moatWy payment,or
<br /> �- --=_--- (ii) Borrower defaults by faWng,for a pedod of thirty days,to perform any other obIIgattons oontained
<br />---__-— ia thLs Securiry Insuumea�
<br /> —�=4==��' (b) Salo Witbuat G��edit Appro�val. Lender shall,if pertnitsed by applicable law(Including section 341(d)of
<br /> ��-��`��� the GarnSG detmain Depository InstitutIons Act of 1982,12 U.S.G 1701 f-3(d))and wtth the prior approval
<br /> __�:.� of the Secretary�require immediato payment in full of all sums secured by tWs Secur(ty Iastrument if:
<br />�:�A� (i) All or part of the Properry,ar a benegcial interest in a trust owning all or part of the Property,is sold
<br /> —�____ - or othen�vise transferred(other Wan by devlse or desaent),and
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