|
. '� . . �-� -,�
<br /> � ,q��
<br /> .._.�0.-- . . . . . .. ......_....._..---'..f'--'—'—�..__....._.�-------"—�....,----. —.._._.._ -.........----------=� --- -
<br /> ._._e._ ...: .._ -- -. _ -- -- — -
<br /> _ `-' —'-- .. .__ ..... ......____..�
<br /> _..... � ---`—�
<br /> - --
<br /> ..� ' �i.�
<br /> . .. ,,,,o,,,ra.� „ �1 . wr1w1�+�,^ ,..,_
<br /> . ' .,�- �i;_.
<br /> , _-
<br /> . . . i .. ..
<br /> � .
<br /> �) 97- �1050� �,v=
<br /> Borrowcr shaA also be in dcfault if Boaowcr,during thc loan applicadon proccss, gavc materially falsc or inaccurncc
<br /> •�Y^"'"""""i informadon or statemcnts to L.endcr(or failed to providc L.endcr with any matcrial informaaon)in connection with thc .;��•
<br /> �" �� loan evidcnced by the Notc, including,but not limitcd w, representauons conccrning Borrower's cecupancy of !he ;_tiY
<br /> � Propeny as a princiPal residence. If this Securiry Instrument is on a leasehold. Boaower shall comply with the , y,'•�
<br /> i provisions of thc Icasc. If Boaower acquires fec ptic tn the Property,thc leasehold and fee title shall not be merged �_�..
<br /> � unless Lender agrees to the merger in writinII. -•��'�
<br /> 6.Candemnatbn.'ilie proceeds o£any award or claim for damages,d'uect or consequenual,in connection with '":;
<br /> any condemnauon or other teking of any part of the Property,or for convcyance in place of condemnauon,are hereby 'r.�;
<br /> � assigncd and shall be paid to Lcnder to the cxtent of thc full amount of the indebtedness that remains unpaid under the � '•�_�:.
<br /> � Note and this Security InstrumenG Lender shaU epply such procceds to the reducuon of the indebtedness under the Note
<br /> '' and this Security Instrument,first to any delinquent amounts applied in thc order provided in paragraph 3,and then to
<br /> �s prepayment of principal.My application of the proceeds to ihe principal shall not extend ar postpone the duc date of the f'=
<br /> monthly payments,wh�ich are referred to in paragraph 2,or chru►ge the amount of such payments. My excess procecds
<br /> � ovcr an amount required to pay aU outst�u►ding indebtcdness undcr the Note and this Security Instrument shall bc paid to .
<br /> . ; thc endty legally endded thereto. _
<br /> � 7. Charges to Borrower and I'rolection of Lender's Itights in the PropPrty. Eorrower shaU pay all
<br /> ��` governmentel or municipal charges,fines and impositions that are not included in paragraph 2.Bonower shall pay these
<br /> obligadons on time directly to the entity which is owed ihe paymen�If failure to pay would adversely affect Lender's
<br /> interest in the Property, upon I.ender's request Borrower shell prompdy fumish to Lender receipts evidenctng these
<br /> � paymcnts.
<br /> If Borrower faiLs to make these payments or the payments required by paragraph 2,or fails to perform anY otlter _
<br /> . _� covenants and agreements contained in this Security Insuument, or there is a Iegal proceeding that may significantly
<br /> - - aiiect Lenders righi� u► ihG Pru��Yy (such as a prc;,cc�ing in b�s�gtc;,for cond�mnnaon or to cnforce laws or
<br /> rcguladons),then Lcnder may do and pay whatever is necessacy to protect thc value of the Propert-�and I.ender's rights
<br /> in thc Property,including paymcnt of taxes,hazard insurance and other items mentioned'u�paragraph 2• �`-:'
<br />- Any amonnts disbursed by Lcndcr under this paragraph shall becomc an addidonal debt of Bonower and be �_.,,
<br /> ' secured by this Securiry Instrument These amounts shall bear interest from the date of disbursement,at the Note rate,
<br /> and at the option of I..ender,shaq be immediately due and payuble. �_
<br /> Borrower shall prompdy discharge any lien which has pdority over thLs Security Instrument unless Borrower:(a) _
<br /> agrees in wridng to ihe payment of the obligation secured by the lien in a manner acceptable to I.ender;(b)contests in E-_
<br /> good faith thc lien by,or defcnds egainst enforccmcnt of the lien in,legal proceedings which in the I.ender's opinion �
<br /> operate to prevcnt Ihe enforcement of thc llen;or(c)secures from the holder of the lien an agrecment sadsfactory to s=
<br /> � Lender subordinating the lien to this Security InsirumenG If L.cnder detecmines that any part of thc Prope.rty is subjcxt to —
<br /> a lien which may auain pdority over this Security Instrument,L.ender may give Bormwer a nodce identifying the lien. _
<br /> Buaower shaU satisfy the lien or take one or more of the acdons set forth above within 10 days of the giving of notice. _
<br /> ° 8.Fees.Lender may collcct fees and charges autharizeci by the Secretary. �..
<br /> 9.(irounds Por Acceier�twn ot Debt. €-'
<br /> (A) Defautt.L.ender may,except as timited by n:gulaaons issued by the Secretary, in the case of payment
<br /> defaults,require immediate payment in full af all sums secured by this Securiry Instrument if: -
<br /> (I)Bocrower defaults by failing co puy in full any monthly payment required by this Securiry Instrument __ .
<br />' " prior w or on the due date of thc next monthly payment,or ��:
<br /> (ii)Bonower defaults by failing,for a period of thirty days,to perform nny other obGgadons canmined iu `'
<br /> �;�-
<br /> this Secarity Instrument. � -
<br /> (b)Sale Wtthout Credit Approval.Lender shall,if permitted by applicable law(including Scction 341(d)of ���
<br /> ihc Gam-SG Germain Dcpository Insutupons Act of 1982,12 U.S.C.1701 j-3(d))and with thc prior approval of --
<br /> the Secretary,require immcdiate payment in full of all sums scxured by this Security Instrument if: _Ty_-
<br /> � �
<br /> � , Pa e 4 ot 8 Itlil:
<br /> ��4R(NE�(seo4�.o+ 9 �� � s, y•
<br /> 1 ' � �' _
<br /> � .
<br /> � _ _
<br />
|