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• < _ 90--- 14495 Aei used In Ills Securty Ns%Mnt, "Bat fir aneans the Secretary of Housing and Urban Detrelopeaat or his a her designee. � $army Worume r" ineerred 0y`the 3omfty,ane instaid under pr+ no rrls which require advance payment of the antis mortgage inwurfoe prpriim if this BaowW Insinnrherlt-di or was. insured under a program which did not'require advarroe payment of the write niorTpi�pe- -TirMa t piwnTiirn; ,lrrrri sea rirorrl * paymin stuff ciao l Wkr (I} an insptimp t of that ynn spi wmtgpe insurance prartritahh , to ba paid by Lender b file Srporalary. or (q'a monthly cltpge kpfetd of • mortgige kaurance f N tftb Inelrt not to held by the Sacnary. Each 'nwnttfy InstMnur 1 of ftne rnodgkp insurance premium shat be In an amorant suf ant to seateiiWee tits antatab ri�orTgage Initaarro� over ran with tender ow month plot to thi dde that fail wmW mo pp Insurance prwmkan is duce to - the 8+antary, oi, If Otis &= ft InslinsmentU ftild by the Secretary. sack, mbrtthty charge OM be In 'an arntowlt - b onefteMh of one•iwif percent of the ouftWtdng prkcjhel balance due on the Nate. k Borrower tenders to Lander the-#A payment of all scans semsnd.by this Ssourlty fnstnxnerd. Borrower's account shelf be credited . with the boom r.nuirtMtg for elf ktsho orits foi itm (a), (o) anid (c) era ray' ffkv% a irtinnoe pisr*= hstiaA W it the Lander has milt become ablf &d to pay to the Sea bevy. and Lander shd promptly mllxnd any "cess funds to Boeowor krrnediatay prior to ` . a Maba n sale , of the Property. or Its aoquilbw by Under, Bonn We account shd. be created with any balance remaking for d i iso --tile for loans (a), (Wand (c)• t ' . 3. AppIW4 im of Payments. All payments under paragraphs 1 and 2 shall be appied by Lender as follows. First to the g?!!i! itsura!!a pnrnium to be paid by Latnder to that . Secretary or to the nttonttty charge by that Secretary instead of the monthly mort" insurance prrtmiurn. unkss Bonower paid the artBre mortgage insurance pcarniuim when this Security . s Inelrum rtt.wave signed; - - - -- - -- - -- - - - Second. to any taxis, rpecW ansawnents, i essheild payments or gncund rents. and fire; fkod and 'other hazard Insurance praiairrene; as - T!"._to kt vd due under the Note; Fourth. ro .mw t:tn of the prtrncipei of the Note; R ft to Moe charges der under the Me. 4. Fire. Flood and Other Mnud Insurance. Borrower shalf•hsure st improvements on the Property, whettei now in ` aam nce or wbsequanty erected, against any haards. casualties, And contingencies. including fire, for which Lander requires Insurance. This insurance shall be maintained In the amounts and for the pefods that Lander requires. Borrower shall also Insure at impraimrwrts on the Property. whMMr now In existence or subsequtarrty erected. against loss by floods to the extent rapgcrked by the *Krobry. At kieuratoe shat be earned wNh ra pan! approved by Lender. The Insurance policies and any renewals shat be held by tender iond shat include be* payable clauses In favor of, and In a form acceptable to, Lander. In the event of loss. Borrower shat give Lander immediate notice by mail. Lander may make proof of loss if not made pro"lly by Borrower. Each insurance company eoncemed Er hereby authorized and directed to make payment for such loss dirusy to Lender, instead of to Borrower and to Lander Jointly. M or any pan of the Insurance proceeds may be applied by Lander, at its option, either (a) to the reduction of the Indahtadness under the Note and this Security instrument. first to any delinquent amounts applied in the order z in Paragraph 9, and than to prepayment of prkdpA or (b) to the restoration or repair of the damaged (prop". Any application of the proceeds to the principal shat not extend or postpone the due date of the monthly payments which are referred to In Paragraph 2, or change the amount of such payments. Any excess Insurance proceeds over an amount required to pry all outstanding Indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. In the evert of faacbwre of this Security instrument or other transfer of We to the Pmperty, that extinguishes the Indebtedness. at right, We and Interest of Borrower In and to Insurance policies in force shall pass to the purchaser. S. Preservation and Maintenance of the Property, Leaseholds. Borrower shag not commit waste or destroy, damage or substanOW change the Property or slow the Property to deteriorate, reasonable war and tear excepted. Lender may inspect the property N the property is vacant or abandoned or the ion Is In debut. Lander may take reasonable action to protect and pawn such vacant or abandoned property. ff. this Security instrument is on a leasehold. Borrower shag comply with the provisions of the tease. ff Borrower acquires fee We to the Props*, the Iatsehoid and fee title shelf not be merged unless lender agrees to the merger in wtfting. 6. Charges to Borrower and Protection of Lenders Rights in the Property. Borrower shelf pay all governmental or municipal charges. fines and kMosftbns that are not Included in Paragraph 2. Borrower shag pay these obligations on Ikea directly to the entity which is owed the payment It failure to pay would adversely affect Lender's Interest in the Property, upon Lender's rowan Borrower shelf promptly furnish to Lender receipts evidwWrig these payments. M Borrower fags to make these payments or the payments required by Paragraph 2. or tags to perform any other covenants and t agreements contained in this SKu y Instrument or there Is a legal proceeding that may significantly affect Lender's rights In the Property (such as a procea ft In bonlauptcy, for owdemnation or to enforce laws or regulations), then Lender may do and pay whatever Is necessary to protect the value of the Property and Lender's rights In the Property, Including payment of taxes. hazard Insurance and other items mentioned In Paragraph 2. Any amounts disbursed by Lender under this Paragraph shag become an additional debt of Borrower and be secured by this Security, instrument. Thrise amounts shat bar Interest from the date of disbursement, at the Note rate, and at the option of Lender, shall f be k&TAx i t* due and payable. r. Condemnation. The proceeds •ot any award or ciaim for damages. direct or consequential. in connection with any condemnation or other taking of any part of the Property. or for conveyance in place of condemnation, are hereby assigned and shalt be paid to Lendei to the extent of the tug amount of the Indebtedness that remains unpaid under the Note and this Security instrument. Lander shall apply such -proceeds to the reduction of the Indebtedness under the Note and this Security instrument. first to any delinquent amounts applied In the, order provided In Paragraph 3. and then to prepayment of principal. Any application of the proceeds to the _ pfkdpat shell. not ardend of postpone the dus date of the monlhty payments. whloh are referred to In Paragraph 2, or change , the amount of such.payments. Any excess proceeds over an amount required to pay all outstanding Indebtedness under the Note and this Security instrument shat be paid to the antsy legWy entitled thereto. 8. • Fees. Lender may collect fees and charges authorized. by the Secretary. 9. Grounds for Acceleration of Debt. r. (a) Default. Lender may. except as limited by regulations Issued by the Secretary in the case of payment defaults, require Immediate payment in fug of all sums secured by this Sedthity instrument It ` Pape 2 of 4 Ftilrs.Cfl (04MY .. 710M .. .. ... . - .. - .