|
c
<br />t. k.RECORDES 104057 90-087. '
<br />N sontower Ierkdsns to Lwtdfr p+t tern:. �,frnutt d r snniri'IMbuaed by this �dlf' � n:. Barrow WG aaoo d ate be anti with
<br />the bahtgftis f�ernnaMikg for air ieaislderrlt br rlaani'(y. and toI arW' eery q tress-- pror ern! intlrawtt Tint Urkder inns not
<br />boom qlr dW lo psy b tike 3scr11rY. and Lannder. site prornpty refund aMy watts fiends to Batrowet: kMMO aldy prior b a taaoloure
<br />sate of lint tidpsry cur rs att4isilon Intl Larudar, Borrower's a000ant shei !�s atedted wrh any batarkce n�ri—Mg fart I i No 8-te for IMms
<br />r" 3, APPft"M d ftpM b. ilf PiYtnarAs croft p0001M 1 and 9 dW be
<br />[ - — — - _ ltfte by Lartdw aowa
<br />In 6s"i !! to tlszas -tat ttv
<br />= it+onetl;► tikoetgagt - Mnises Banowsr paid tfre arise tnortgpp lnw"oe 9 --m tan when this o "o*r
<br />Ssotirlty instta(kintt weir • .
<br />MECOM Many trees. spa M asaie�ansntts, leaaeftold paynkerrd or Around ones. and tit% !food acrd other ft®ard iwrtanw ptwtiiane.
<br />THMS to' tile under tine Noss:
<br />FC1li M to spard■ ion of the jjOra d of the Nn1N ' 4_
<br />FIFTM. to ha ahargss dace under the Nola: `
<br />- .4. -Fk*. S ood and ONW-Hu d- Borrower Ad irww an kopmVioraft an go Papory. WIN" Brow H - - -
<br />wisierkas
<br />or s�eerfnwwy ere4xMd, agttiukit any hemards, pwraMtse, and oanikgaciet ikolttikg f� leer whrdk Lander ttatuiss iuursrno� This
<br />N1tMtwos shat _Ins rtraiktatnsd in ant ataaanls grid for the p «iorit filet Lender rnquies. go r"V ahsf also iwura d It im m t - an the
<br />Mapaly. WhOW maw In wiiwernae or eubeMMOV weaMd, against lose by Hoods to #W SUN required by ths<Ssa�dwy. Ar Inwawroe shat „
<br />i Ins ceded wflh aostpenin appaowd Intl Lander. The fnsnraeuee pbidee and anij'rwratwts` shsi to held by Landl r and shd in h, I loss
<br />parent cbma In fewer d, and in a form ntporptpnta tv. lantlsr, - -- . _
<br />Ink ft Brant of loss, Bamorru stW give Leader, itn "Me notice by mall, Lender. may ni ace prod of bas N not nerds torert00 by
<br />BofroMtlr. Enetl ikscirarl0t company concerned b hereby autlnofianjd aired dfrecM to,nMke ph rnm for such tons dirdly to Lauder, intend of
<br />- la 80-mm ride to.Lwrdw idtsY AN or any part of the Insurance proceeds mry be applied by Lender, as its option. Wier (a,► folhe
<br />adtroron of the itdattlsdnias under the Note and this Seixrky Inittrnernt, tercet to any deirtquaot amounts applied In the order In Paragraph 3.
<br />and thin b ptapaywoont d prkw** or (b) to the restorallon or repair of the darmod testy. Any apps of the proceeds to the,
<br />1 k A I ahnt not *111 or postpone the due data of the monthly► payments which are vsk. to In Paragraph 2, or chop .the amount of
<br />such "We—, Any enoeis k"warree,prooseds over an amount required to pay d.Outstaridrp Indebtedness under the Note and this
<br />Seamy fnsfrtanant shat be paid to the entity W9* enfitlid thereto.
<br />In the evend of foarfosre of this Security Instrument or other transfer of tine to the ftpwty that extinguishes the indebtedness. IN Aft
<br />fete and ImtlPaat of Borrower In and to Insurrnce poll" in farce shat pass to the purchaarr.
<br />5.. P'ssertraatlaa land 1lsinte iatim of the Property, Leaseholds. Borrower shag not cornrNt waste or destroy.
<br />dannge or subs mV* change the Property or allow the Properly 0 dshibaM. roe& * war and taw owspted. Larder my inspect the
<br />properly M the plop" is want or abaedansd or the loan is In ddault. Lander may take reasonable ausiori to protect and prose" such
<br />vacant or abandoned property. ff this Security Instrument is an a leasahoid, Borrower shd comfy wkh the provbtons of the tease. N
<br />Borrower so*" fee fire to the Ptcrpaety. the hseashoid and fee tW shalt not be 1 1110 unless Lander 97an to the nw W In wrift
<br />S. CfnsrWO ft 9orrower silt Protection of Lender's R101ts In the Property. Borrower shelf pay cur govemmerrW
<br />or municipal charges. toss and inpostbns that we not included it Paagraph 2. Bourower shah pay these obligatlons on time directly to the
<br />wniky which N owed the payment. H bkn to pay would adversely affect Lender's interest h the Property. upon Lenders request Barrc%w
<br />shall pmmpry/ UrAsh to Lender rsalpts wkhndng these permits.
<br />its.
<br />B Borrower raft to rmaice these payments or the payments required by Paragraph 2. or fats to perform any other covenerrts and
<br />agnerm i contaned In thk Security instrument, or then Is a IpY proceeding that may sip cantfy affect I~$ rights In the Properly
<br />(such as a preanirq In bankruptcy, for eon lenvotloo or to enforce laws or regukIlms), then Lander may do erred pay whatever Is
<br />naosasmer�y to�proW In the, � the Ftaperty and Lenders rights in the Frothily, including payment of taxes. hazard Insurance and other 2.
<br />Items Any amounts disbursed by Lander under this Paragraph shd become an additional debt of Borrower and be "wed by this Seeurky
<br />inNrtrnertt These amnotrnb $hah bear Interest trom the data of disbursement, at the Note rate, and at the option of Lender. shag be
<br />irnmedgely der and payable.
<br />T. t ambmnsUm. the prvcssds of any award or cWm for damps. drect or consegientlai. in connecdon • wkh any
<br />cwm*ivwtl or ether takip of any pert of the Property. or for conveyance In place of condernastion, are hereby assipred and shall be paid j
<br />to Lander to the SMO of the iut amount of the Indsbtedness that romairs unpaid under the Note and this Secvrky'Insttument. Lender shag
<br />apply suck prooaeds to the nKkxNm of the Indebtedness under the Note and this Sowrky Instrument. fist to any ddnquent anaunts
<br />appMd In the order proNdad In Paagraph 3, and then to prepayment of prindpo. Any appgeation of the proceeds to the pri4pal shall not
<br />atmd or postpone the due date of the monthly payments, which are refereed to In Paragraph 2. 'or change the amount of such payments.
<br />r My`eaosss praoseds over an amount required to pay al outstanding indebtedness under the Note and this Security Inst urneM char be paid
<br />to -the eery 1"* enured thereto.
<br />S. Feas Lender may corict feet and sieges authorized by the Secretary.
<br />0. Grounds for Accelwadon of Debt.
<br />(a) Default. Lender my, except as limited by regulations issued by the Secretary In rase of payment defaults. require
<br />irrrnsd i payment in iW of d sums seared by this Security Instrument ff:
<br />(1) Borrower detlauks by raging to pay In fug any morlttnly payment required by this Security Instrument ON to or on the due
<br />date of the next monthly payment. or
<br />(ii) Borrower dMatats by raging, for a prlod of thirty days, to pedomn any other obligations contained in this
<br />Sealy Instrument.
<br />(b) SaW Without Crrtdif Approval. Lander shot. if . permitted by applicable taw and with the prior approval of, the
<br />Secretary. require ImmsdiaN payment in M. of art the sums secured by this Security
<br />Instrument r
<br />(1) AM or part Of the Prripwy Is sold or otherwise transferral (other than by devise or descent) by the Borrower. and
<br />(il) The Property is not occupied by the purchaser or grantee as his or her Primary or secondary residence, or the
<br />purchaser or grants* does so, occupy the Property but his or her croft has not been approved In accordance with the
<br />fo%*Wrwds W the SeMdary,
<br />_ (c) NO WaIVW-.lL1*VAW = cc= !h :t rm" p=41 tatdar to requi a irarred ito Pfir,►erd 'err ru3 IPA' Larder does not
<br />�: such iwyrn es ent. Lander do not walve its rights with respect to subsequent events.
<br />(d) R@Wldlons of HUD Secretary. in many circumstances regulations Issued by the Secretary will Emit Lender's rights. at
<br />In case of payment defaults, to require Im mediate payment in tug and foreclose If not paid. This Security instrument does not
<br />L authorize accdwation or foreclosure If not permitted by reguiallons of the Secretary.
<br />10. ReinStdment. Borrower, has a right to be reinstated if Lender has required immediate payment in full because of Borrower's
<br />fade to pay an amount due under the Note or this Security Instrument. This fight applies even after foreclosure proceedings are instituted.
<br />to
<br />To reinstate the Security Instrument. Borrower shag tender In a lump sum al amounts required to bring Borrowers account current including,
<br />to_th* Went they are obligaWns of Borrower under this Security instrument, faredosuro costs and reasonable and customary attomey'p fees
<br />and expense$ property associated with the forecosure proceeding Upon reinstatement by Borrower, this Security Instrument and the `
<br />t <33).CTt {tx1i9D} rap 7 b! 4
<br />
|