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<br /> fn the event of faeciasure ot this 3eo�rity Instrumc.nt or oiher Usnsfar of t11e to the Proparry that extingufshes the indebteMqs,aU
<br /> � righ�tiUe anaf�terest ot Borrower h and to fnsurenca po�es in torca sha/pus to U!e purchaser.
<br /> 3. Prsa�rvatlon u�d MalntQnanc� af the Pr�pertY, Less�holds. ecrrawer shau nat commit r�aste or destroy.
<br /> d�maqe os su6st:ntidy ctynge the Property or aBow tho Propeny to detefor�tq reascnMte we�r and tear�ccepTed Eender may
<br /> � Inspect tne propeRy ff the proprriy is racant e�abandarred or•ilte Iean Fs iR detsult. ten�er may take ressonabte ectiort to preiect and �
<br /> Pr�sen►e aueh vac�nt a abmdaned proPerty. lf thts Se�au�y[ns�uurnent ts an a teasehotd.8orrawer sha7 compty wr�h the praviston,
<br /> = at the teese ff Bo�raxer acquires fee titte to the P►aperty,tha Eeaset�oid utd fee tiUe shal nci be merged unless Len�er agrees to 2he
<br /> - mer9v in wn'tirt�
<br /> �.. Charo�s to Borraw�s and Protfctian af I.endQr's Rights tn th� PrAperty. BstrCwfr anar pa>> a�i
<br /> ��rune�tal or munk�l cMr�e's, fnes antf&npnsftians lhat are rtot(nduded h PatagropA 2. Borrawer shbq pay theae ab'use5oas en .
<br /> _ + tine directl�to tht anUry which h owed the payme�t tt i�ure ta p�y woutd uN�rsey dhct Lender's Interesi in tho Praparty, upon
<br /> Lenders rcqueat Bortiotiver shd promptly MNsh to Lender�ocefpta e+eidertcng fheaf payments. . �
<br /> — . If Bonow�r t�is to m�ke these payments ov the psyments requir�d by Pira�rapb 2. or frils to peAortn�ny other Cavanants snd �
<br /> •9reert�ents contatmd fn tht� Secunty tnsVument,er thae is a feg�l pracaadnQ that may atgniftcanty �?fect Lend�r'a �lgAta in the
<br /> PropHty (sucA as •proceednp in bankrupicy, for candemnation or to enforce hws ar requtations), then lender may do ertd pay
<br /> whateva ts nac�s�ry to protect the v�tue a1 lhe Praperly and Lendet'a r!ghts In tR�Property, iociud'wtg paymant a!taxes, t�azard
<br /> insuranCe�nd other ftems mentfaneQ tn Paragraph 2.
<br /> /►r�y artwunts d'islwrsed by ler�der under thts ParagrapH ahAq became an additiona!debt oi Basrower and be secured by this
<br /> Securily Instrume�t.These amaunts sheA bear int�est trom tha d�te o1 disbursement,at the Note rate,and at tAe option of lender,shau
<br /> ba(rtrnedi�tety cfue and prysbie.
<br /> 7:•CondYmtl�tiOn. The proceed�of eny awArd or�n tor damages, �irect or consequenual, irt connectton wfth any
<br /> candemaUon or othe►takG�g of an�� paR oi tha Praperty; us f.�r conveyanee 4t p(ace of wndemnation,are hereby assigrted an�shafi
<br /> be paid to I.ender to the extent of the tuQ amaunt of the i�d�te��s tha�remalns unpaid under the Nofe and thts Secuifty insWment.
<br /> Lender shalb apply sact� praceeds ta 4ha reduCt!bq.of the inde�tedriess under the Note and thIs Securiiy Instn;�nent, fir�t tA any
<br /> ; de6nqueet amounts eppked tn tfis order prov;�deK!tn Paragrag�3.and then to prepayment of pdncipal.My a�piia�tiaai aS the proceeds
<br /> to tt:s �rindpal shaU noi ext�d vr pnstpnna ttle due c{ate�.�the monthly peyments. �vt�ich are rEteRed ta in P.:rzSraph 2, ar change
<br /> � the amc�-nt ot such payments. My Excess.prpccaeds ever�ti�tount requ�ed to pay a0 outstanding irtdeb'edaess urtder the Note and
<br /> � this Security fnstrument shag be paid to Ihe e�tityi iegalty enlitled thereto. .
<br /> �.1Fees. Lender may eoAect fees and��d:;�a;rt�G�ed by the Secretary.
<br /> �:�rounds tor Aaceleratian of Debt. � '���
<br /> (a? Default. Lender may,except as Iimited by regulattons lssced by the Secretary i�the case o}payrre�r.d�fa�its. r�z�uire {`
<br /> ; immed4ate payment tn full af �11 sums secured 6y this Secudty�nstrument (t �
<br /> . (� Borrowa delautta by 7a�'ing to pay in fuH any rnaK��?y payment required by 4i:i�Sacuriry Instrument pr.'i�-t�or on the duo
<br /> , date oi the next monthty;�,�yment,or . �
<br /> Q�Bortower detaults by failing, 9�s a period of thirty day�, to perfatm any oL�e.* c�l:ga5a.^s contained in ihis
<br /> Securfty Inrnumen� --
<br /> (b) Sata Without Cradit Appro.:a?,L�de.�r�;l, if permitted by applicabfe faw and with the ;.riar: .approval ot the '�'�
<br /> SecreWry,requke tmmediate payment 6n tull of al t�^ti Y�ms secu�ed by this Secudry Instrument H:
<br /> m Aq or parl of the Property is atrer,�;�se transfet;ad (other tha�!sy devise or decent)by tbe Borrowe►,and
<br /> (i�The Property is nqt occupied by the purcha=er or grantee as his or her pdmary or secondary resider..re, or the purchaser * �:
<br /> • or ynntes doe�ao oec:�:3 the Prcperty but t:s.:�r her credit haa not been�ceved in acCOrdance +ni:tha the requirements : Y4.
<br /> of the Secretary. , ';��,.`
<br /> (C) NO W�ival. II clrcumstert�s�t��.Lr•��.:.•would permit Lender to iequire immediate !G:3^rr�C;:n.iulf,but Lender does �,
<br /> not r ke auch ' its rlghts with respect to subsequent ever:..�, "��
<br /> equ PaYmenta,Lender G��a3v��-.� .,,
<br /> - • �r:
<br /> �dy Reg0litlOds of HUC S�t,:��f::c�,i�r,�;any cireumstances regufattons issued by tha Secrer,��wfli Umit Lender's
<br /> dghta,In the case ot payment rfe,`z:s,'a-r�;,�ir�immedi�te payment in lsti and toreciose It not pald.This S2curlty Instrument ��`�
<br /> does not aulho�ize scceteratfnn or fa�as�.re if noi pertnitted by regulalions ot the Seoretary.
<br /> • � 10. ReTnStatAtnAnt. Borrawer has a right to be rein�tated ii Lender hes requlred immediate payment in full beceuse of
<br /> Borrower's felAure to pay an emount due under ihe Note ar this S�curity Instrument. ThIs right applies oven afler foreclosure proceedings
<br /> ere Inatituted. To retnstrte the Securtty Instrument, Borrawer shall tender in a tump�um all amounta required to bdng Borrovrer's
<br /> accaunt curreni k�cluding, to the extent they are obligations of Borrower under this Securtty Instrument, foreclosuro costs and
<br /> � .
<br /> F5813.CT1(02/90) ����g Page 3 of 5
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