2� 1 ��4�38
<br /> L�AN #: '�6�5lJSF�22Gfi8
<br /> ' �he Pro�er#� as Borrovw�r's princ�pal r��ider��c�for���ea��Qr��year�fter t�e d��� of o�cupan�}�, �����s
<br /> Le�d�r�eterm�ne�that�his r�qu�r�men�shall��use undu�ha�d�hi��ar�h�B�rr��r�r or ur�l����x�enu���
<br /> ing c�rcums�ar�ce�exi��v�h�ch �re �eyand E���r��nr�r's��n�ral.
<br /> �, F�r��e�atian, �aint�ena�c���d �r�atection�f t�� �r�p�r�; �r�s�a��ti�ns. Borra�ver sha[I n��
<br /> des��ay,�����e�r�m�a�r�h�Proper�, a�lo�v��e Proper������e�er�ora�e❑r cammi���s��or��he P�oper�y.
<br /> Barra��r�h�ll ma�ntain�he Pr�p�r��n ord���� �re�r�nt th� Pr�p�r�y from de��rio�a�ing or d��re�sir�g in
<br /> �alu� du��� i�� candi�ivn, Un��ss i� �s determ�ned pursuan��o Sec�ion � tha� ���air�r res�arati�r� is n��
<br /> e�o�am�c�[ly��asible, Borro�ver����I p�omp���y��pair�he Prap�er�if�am�ged�o arra�d f�rther de�eri�ra�ion
<br /> or��mag�. If i�sur�nc�❑r co�d�mnafiian pra���ds are p�id in ���tne��ian�nr�th d�mag����he P�op��y,
<br /> �o�rov�r�r�hal�be respon�ible far r�pairin��r r����ring�he Pr�perty an���f L�nder h������as��prt����ds
<br /> f�r such pur�as��. Le��e�may�1�s�ur�e pr�c�eds for�h�rep��r�an� r�s��ra�ion �n �si�c�l� �aymen��r
<br /> in a ��ri�� af progr�ss p��m�nts as��re�r�rk�s campl�t�d. If�h� �nsu��n�e fl�c�nde�n��i�r� �race�d�
<br /> are no��u�ficien��a rep��r�r r�s��r� �he F�r�perty, BQrro��r Es �Q� r�l��rr�� o�Bar�ov��r'� o��iga�i�n f�r
<br /> �h�c�mpl�tian of suc� rep�ir or r�s�ar���on.
<br /> If Gonder�nat�or� procee�s �r� paid in �onnectian vtirit� ���tak�ng af�h� proper�t�, Lender�h�ll appl�
<br /> su�h p�a�eeds��the r�duct�an af th��nd�eb�edn�ss under�h�No��and thi���curity�r�strum�n�,f��s��Q any .
<br /> delinquent�maunt�, and�hen t�pa�m�n��f prir�ci�a�.Any app�ficafiion af the proce�ds��th�pr�ncipal shafi
<br /> n��ex�e�d or pas�pon�the du�da��of�he n�onthl� paymen�s or change fihe a�a�ur���f su�h pay��n�s.
<br /> L�nder�r its a��r��rn�y make rea��n���e en�rie��pon and ir��pe��ian�of�I�e Prap��er�y. ��it has rea-
<br /> sonable cause, L�nder ma� inspect�h� �nt�riar af the im�r�Wem�n�� on �he Pro�e�t}�. Ler�d�r shal[ �i�re
<br /> Barrn�ver no�i�e at the��n1e of or pr�n�to �u�h a� interi�r in�pectian sp�ecifying such reasnn���e cau�e.
<br /> �. �orrower's Lv�n�4pp[icatic��.iBorr��er shal��e�n default if,dur�r�g th�L��n app[�c��ian pro��ss,
<br /> Borr��er�r�n� persons or en�ities ac�ing at�h���rect�an of B�rravver ar�it� Bo��o�e�'s kr���ledg� �r
<br /> consent ga��ma�erially fa��e, r�ni�[ead�ng, or in�ccurat�info�mation or s�a�emen�s�o Lend�r�Q�failed t�
<br /> pr�vide Lender�rvith materia� ir�forma�ion} ir� c�nr�ecfiion���� the Loan. Materia� representa�ior�s �n�[�d�,
<br /> bu�ar� no� lim����d �o, r�pre��n�ation� concern�in�� B�rrav�e�'� �c�upan�y ❑f the Praperty �s BnrrQ�er'�
<br /> principal res�d�n�e.
<br /> 9. �rat��ti�r�c�f IL��der'�I�t�r�s��n th��r�p��t���td���ht���der t[�i�����rit��n�trurr�ent.
<br /> lf �a} E�orrower fai�s �v perform �he c��enant� and ��re�emen�s cor�f�ined in �his S�curit� In�trument,
<br /> �b}�h�re is a legal p�ocee�ding that mig�t significan�ly affe��L�nder's in�e�es�in�he F�rap�r���n�lar ri���s
<br /> under�hi��ecuri�y In��rum�n��such as a�rQ�e�ding in �ankrup�cy, pr��at�, fo�conde�na�ian or forf�i�
<br /> ture, for er�for��men�af a ��e� which rna� a���in pr�orit�r ��er thi�Secur�t� Ir�s�rument o��� �nf�r�e ia�rs
<br /> ���eguia���ns}, or�c} Barr��er h�s ab�r�d�r����h� Prop�r��, �h�n L�nder may �� and pa�����ha�ever
<br /> i� re��ar�a��� or �pprapr�ate �o pro��c� Lender's interest in �h� Pr�perty an� ri��ts under�h��� �ecu�i��
<br /> �n��ru�en�, in�l��ing �ra�ectir�g ar�dl�r ass��si�g �he�alu� �f��e Pr�perty, �r�d s�cur�ng ��dlo�repair�-
<br /> ��� �he Pra�e�ty, L�nder's ac��on��an in��ude, �u�are n�fi limi��d ��: ��� ��ying any��ms se��r�d by a
<br /> lien �h�ch has priori� ov�r�h�s S��urity fn�frument; �b� appear�ng in caurt; a�d �c} paying reas�nable
<br /> a��orneys'fe�s ta p�r��ec�i�s �r�te�est in the Prape�fi}� andlor r����s un���this�e�uri�y Instrumen�, in�lud-
<br /> ing i�s �e�u�ed pasit�on ir� a bank�upt��r prac�e�in�. S���r�ng �h� F'rop�r� in�lu�es, bu� �s n�t linni�e�
<br /> �a, ent�r�n� �h� praper���o r�nake repairs, c��n�e I�cks, r�p[��e �r���rd up daor� and v��ndvws, dr�in
<br /> �rra�er fram �i��s, �liminat� buil�ing ar a���r��d�viola�i�r�� or danger�u� condi�ian�, an� ��ve u��li�i��
<br /> fiurn�d �n �r�ff.Ai�ho�gh L�n��r may�ak� ac�ian under�hi� S���io� �, I�����r��es na� ha�r��o �a s�
<br /> and �s �at und�r a�y du�� or�bliga�ion �� da�a. lt Es agr��d �ha� Lender in��r� na l�ability f�r r�o��aki��
<br /> ar�� or�II �ction�autha�iz�d t�r�der�his Se��i�n �.
<br /> Any amoun�s�isb�rs�d b�Ler���r under��is Sec���r���ha[[�ecom�addi�ional d����f Borro���s�cur�d
<br /> ���his Securi� �ns�rum�n�. The�e amoun�s shall b�ar in��r������he fV�t�ra�e fr�rn��e d����f�i��ur��-
<br /> men��nd �h�ll �e pa�a�le,w��h suc� interest, �pon na�ic�from L�nder�o ga�r�o�rer r�qu�stin� p��men�.
<br /> If�hi�Secur�t►�r�ns�rument i��r����ea�ehold, Barr��er s�all c�mp�y vvith all�he p���ision�o��he lease.
<br /> �arra�r��shall na��urren��r the �e�s����d ���ate and in�ere��s here�n can�eyed �r��rmina�e or cance�
<br /> �h� �rnun� �ea��. B�r�Q�nrer sh�ll n��, �v��hou��h����r�ss���tten c�ns�nt a�Lend�r, alt�r or��ter��d �h�
<br /> �ra�r�� I�a�e. If�orr�w�r acquire�f�e��i�l�to the�rop�rty, �he��a�eh�i�and�h�f�����I�shall not merg�
<br /> unless Lender�grees�a�he merger in�rri�ing.
<br /> �Q. Assig nrn�er���f f�l�scella��csus P'r�ceeds; F�rfeiture.All �i�i is��ll�n�aus Proc�ed�are h�reby
<br /> �s��gn�d to and �half b� paid �o Lend�r.
<br /> ����� Pr�perty is d�mage�, su�h �Ili����laneo�� Pro�e��s�hai� �e app�ied�o rest�ra�ivn ar repa�r of
<br /> the F�rop�r��, if�h� r�sfor�tion or repair is �con�mic�lly f�a�ib�e �nd Lender's securit� is n�� �essen�d.
<br /> Durir���u��rep�irand resfi�ra�io�p�riod; Ler�der�hal����e�he rig��ta h�ld�uch�isce���n���s Pro���ds
<br /> un�i! L�n�er h�s had �r� �pportuni�y to ir��pec� suc� Pr�p�r�y �o ens�re �he �rvr� h�s been cQrr�p����d
<br /> �o Lender's safiisfac��a�, �r��ide� �ha� suGh inspecfiion �h�ll be undertaken pramp�ly. L�n�er maY �a�
<br /> far fihe r�p�ir�and res��ra�i�r� ir� a sing�e d�sbursemen�or�n a series af pragress �a�rm�nt��s the�ork
<br /> is c�m�l����. �nless an agr�emen�is m�d� in �rnrri��ng o�r��plicable La�r�quires in��r�s��� �� p�id �n
<br /> such �Illi�c�ilan��us Prace�ds, Lende�sha�� r�����requi��d to pay BorrQwer an� �nteres�or�arnin�s an
<br /> �u�h Miscellaneaus��oc�ed�. f��h�r�s�arafii�n o���pair is no�e�or�omicaf ly feasib�e ar Lender's s�curity
<br /> ��uld be les��ne�, �he 11�isce�l����us p�ace�ds ��a�� b� applied �o th� sums secu�ed by �his S�curi�
<br /> ��s��ur��n�, �vh�th�r o�nof�h�n� due, w��l� �h���c�ss, if an�, p�id to E��rro�u�r. �u�� Mi�c�llaneous F'r�--
<br /> c��ds ��al� be a�p�ie� in th�order pra�ided far ir� �ec��an �.
<br /> NEi��ASKA—Single Family—Fannie 1lfiaef�reddi�N�a�U�I�FC3R1Vt�NSTFiu�ENT FQrm 3��8 11a1 �
<br /> �1lodifed�Far FHA 9f���4�HUD Handbook��aD.�} 1171tIa�S: ��
<br /> Ef�ie Mae, �nc. Page G of 11 NEEFHA��QE ����
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