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90-- 105633 N Borrower tandem to Lander the full payment of d sums secured by this Rectally Instrument, Borrowr's account shall be orau3l with this balance remaining for d Inslalknenls for Name (a), (b) and (o) and any rtnrtgngs Insurs me prsrnkxn Instaltrient that Lander has not I an , obligated to pay to the Secretary, and Lander shall pro nptIV refund any excess funds to Borrower. lnsnedleley prior to a kxacbsurs sale of this Properly or fla acquisition by Lander. Borrower's account shelf be credited wish any balance remaining for all Mntalments for Manx► (a)• (b) and (o). 9. Applbstlon of Payments. Al payfnsnts under paragraphs 1 and 2 shah be applied by Lender as follows: FIRST, to this mnrtgaga Intwrance prsrnMxn to be paid by Lander to the Sacratary or to the mofnhty charge by IM Secretary Instead of the mor" naftgage Inswence pronlum, unless Borrower paid the entire mortgage Instxanos prrnium when this Security lnstrumartl was signed; SECOND, to any taxes, special assessments, leasehoW payments or ground tents, and ha, flood and other hsrard klstimnoe premiums, as required: THIRD, to Internist due under the Note, FOURTH, to amoAlzallon of the principal of the Note; FIFTH. to Wis chergss dun under this Note. 4, Firer Flood and Other fte:ard Insurance. Borrower shall Insure all improvam its on the Property, whether now in ealsterloe or subssqusnty arected. aganat any hetords. casuWa. and contingencies kroloding fare. for which Lander requNa Insurance. This Inewance OM be mabtakled In the amorads and for this periods that Lender squire. Borrower shag also Insure all knprovemsnts on the Property, whether now In existence or wbseweaWy owed. against loss by floods to the eftet required by the SecxNry. AN Insurance shod be caned with conpsrkis approved by Lender. The insurance policies and carry renewals shall be held by Landw and and Include loss psynble clauses In Inver d. and in a 11orm acceptable to. Lander. N the event of loss. Borrower shall give Lander immediate notice by mod. Lander may maks proof of lose N not made prorrrplly by Borrower. Esch Insurance company concerned Is hereby authorized and directed 1c, make ;psyrrNnt for such loss direly to Lander. Instead of to Borrower end to Lander jointly. Ail or any part of the Insurance proceeds may be apo%d by Lander, at Its oplion. either (a) to the reduedbtr s.1 The Indebtedness under the Nola and this Sowrity friociument. first to any deinquam amounts applied in the order in Paragraph 3. en¢d than to prepayment of principal, or (b) to the restoration or repair of the damaged property. Any application of i'nif proceeds to the principal shelf not extend or postpone the der date V •Ihe monthly payments which we referred to in Paragraph 2. or change the amount of such payments. Any excess insurance proceeds uuer an amount required to pay all outstanding indebledniss under the Note and this Security Instrument shelf be pald to the entity k** entitled thereto. In the event of foreclosure of this Security Instrument or other transfer of lido to the Property that adinguishes the indebtedness, all right, We and irderaat of Borrower in and to insurance policies In fora shag peas to the purchaser. S. Pe'raarsrvall000 and Maintenance 91 lbs. Property. Lessshoilds. borrower shag •not cormmit waste or annoy. dsmege or substantially champs the Property or allow• Tres Property to deteriorate, ressonable weer wit tiger excepted. Lender may Inspect the property N the properly Is vacant or abandoned or the Own is in Witill. Lender may take rissorulble action to proerod and presane such vacant or abandoned properly. If this Security Instrument is on a isesehold, Borrower shad comply with the ptovlsivns ol the lease. N Borrower acquires lea title to the Property, the leasehold and fee titiv shag not be merged unless Landar agrees to the merger In writing. 8. Charges to Borrower and Protection of Lender's Rights In the Property. Borrower shag pay all governmental or murilcoal charges, km and impositions that are not included in Paragraph 2. Borrower shall pay chase obligations on time directly to the antlly which is owed the payment. N failure to pay would adversely affect Lender's interest in the Property, upon Lander's request Borrower Sind promptly bm*h to Lender receipts evidencing these payments. M Borrower fads to nuke these payments or the paymugs requited by Paragraph 2, or fish 10 .pucrtorm any other covanwnts and aglom,W to eonllined is We Security Instrument. or there Is a legal proceeding :;hat may slgnMeanty affect Lander's rights in the iPramty push 4s a proceeding ki bankruptcy. for condamnwtiaro or to enforce laws or regulations) then lender may do and pay whalarrer is naCeenery :s ioroted this value of the Prop" ono ILiender s rights +r. the Property. indudw% paynn.nt of taxes. hazard wsurance and other Items mart'nsrad in Paragraph 2. Any amounts disbuneed by lender under this Paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. Thaw arnolxhls shag boar interest from the data of disbursement. at the Note rats. and at the option of Lander, shag be Nnmediately der .red psyatAe. 7. Condemnation. The proceeds of any award or clairn for damages, direct or consequentW, in connection with any aondemnslim or other taking of my part of the Property, or for conveyance in place of condenwhallm. are hereby assigned and shag be paid to Lender to the atderlt of the full amowl of the indebtedness that ramsns unpaid under the Note aind this Security instrument. Lender shag apply such proosade to the reduction of the Indebtedness under the Note and this Security Instrument, Vast 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 principal shall not sodend or postpone the due data of the monthly payments. which 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 end this Security Instrument shag be paid to the entity legally entitled thereto. S. Fees. Lander may ooeect fees and charges authorized by the Socrstary 9. Grounds for Acceleration of Debt. (a) Default. Lander may, except as "led by regulations Issued by the Sscratary in case of payment defauits. require Mnmeeiate payment in full of lee sums secured by Ines Security Instrument M. (i) Borrower delwits by 10" to pay in full any monthly payrrnanl rewred by this Security Instrument poor to or on the due date of the next monthly payment. or (II) Bortonrer daleugs by falling. lot a period of thirty days. to perform any other obligations contained in this QWWWMj inivuirwrri (b) Sale Without Credit Approval. Lender shall. N POWMed by applicable law and With the prix approval of the Seeratery. FOWIn kmnedlste payment in lug of as the sums segued by this gecurity nsbwnsnt N: (I) AN or pal of the Property is sold or otherwise Iranb%ned (other than by dlrvise or descant) by 1re ElorTower. and (II) The Property Is not occupied by the purchaser of grantee as his or her primary or secondary residence or the purchaser or grantee des to occupy the Property but his or her credit has not been approved in accordance with the requirements of the Secretary (C) No Waddler. N esormistanees occur that would Permit Lender to towwe inimis a payment in lug. but Lender does not require woh psymard tenwar does nCA wahe its nets with respect to subsequent events (d) RegulaUenp M KM Secretary. mi meet. arournstonces regulations issued by the Secretary wit Mew Landers rights. In oaea of Pay"" dditft. to requre vnrpadeie peyroenl in tug and loredose d not wid This Security Instrument does not nut tab* acoalarabon or Icrecbaura ! AW WhWSW by regulations ul the Seaelary, 10. RelnddOMertt. boeroMer hoe a n9hr to be reristated if Lender has radyiv*a rnme<Wte osonent in AA because of Borrower s faeti+e its pay an amount der under •inc Note or this Sacunty 01strumertt This right apgAws r +en after foreclosure rNnt,eednQs are inst'luted To rental* the Security 1nsv~t 'Donower shay tender in a wmp sum orb amounts factored to bring Borrower a sccounl currant nckiding to the extent they are obapeboos a Borrower under this Sewnty Inatrurnenl fwoclosuie costs and rmsunsbk and cuslwnary attorney it Mw, and expenses properly aasac+etad with the foreclosure poceedng Upon isnstateirnani by Pontrww this Secunty Instrument and the 44a14, n Ak%vi • i. ,aj, ' - 4 7 - fft r v I