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<br />"••', •. •r circurr�stances. Borrowcr shall not comn►it wustc or destroy, damage or substantially change the Propercy or nllow thc !
<br /> ..�,,.�a •� - 'Propeny to dcteriorate, reasonable wear and tear excepted. L.ender may inspect the Propeny if the Property is vacant F,
<br /> .`„ . or abandoned or the loan is in default. l.ender may take reasonable actian to protect and preservc such vac:ant or
<br />-+ � � abandoned Property. Borrower shall also be in default if Borrower, during the loan applicHtion process,bave materially —
<br /> false or ineccurate infom�ation or statements ta I.end�r (or failed to provide Lender with any material inforn�ation)
<br />���.����' "•• in cocuiectioi� with the loan evidenced by the No[c, inclading. but not limited to,representations concerttiug Borrower's
<br />- � cecupancy of the Property as a principal residence. If this Securiry Instrument is on a Ieasehol�, Borcower shaU comply _
<br />�' wi[h the pr�visions of the lease. If Borrower acquires fee tide to thc Propeny, the leasehold and fcc title shall not _ -
<br />' ��� . be mcrged unless Lender agrees ta the merger in writing.
<br /> s;v� -
<br /> 6. C�• 'me Pra�s of any award cr cleim for damages, direct or conseq�iential, in connection wu
<br /> '-�,„����-- any condemnation or other taking of any part of the Propercy,or for conveyance in place of condenma[iou, are hereby
<br />�' �• assigned and shall be paid to I.ender to the extent of the full amount of the inde6tedaess that remains unpaid under
<br /> �� � the Note and tliis Security Instrument. Lender shall apply such proceeds to ths reduction of the indebtedness un�er
<br />- � � ' the Note and this Security Instrument, first to any delic:quent amounts applied in the order provided in paragraph 3, ___
<br />_l+.F• } �.. �
<br /> ,, ,,,,.. and then to prepayment of principal. Any application of the proceeds ro the principal shall nat extend or postpone
<br />- • the due date of the monthly payments, which are referred to in paragraph 2,or change the amount of such payments.
<br /> • • , Any excess proceeds over an a�nount required to pay all outstending indebtedness under the Note and this Security
<br />��;. � Instrument shall be paid to the entity legally entitled thereto. g�ROwer shall a all ovemmenta!
<br /> ... �, (�arges W Bocrower aod Pt�ntoc*ioa of Y.eadcr't Righls in tt�e Pmpaty. P Y 8 _.
<br />- • or municipal charges,fines and impositions that are not included in pazagraph 2. Borrower shall pay these obligations
<br /> '.' on time directly to the entity which is owed the payment, lf failure to pay wouid adversely affect Lender's intctest in
<br /> ik " —
<br /> . • the Propercy, upon Lender's request Bonower sliall promptly fnrnish to I.ender receipts evidencing t ese payments. _
<br /> lf Borrower fails to make these payments or the payments required by paragraph 2,or fails to perform any other
<br /> + coveaants and agreements contained iu this Security Instrument, or there is a legal prceeeding that may significantly
<br /> ��`�` affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or
<br />��r``'?'�`''' reguletions), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights
<br />'�*x� ' '' in the Property, including payment of taxes,hazard insurance and �ther items mentioned in paragraph 2.
<br />�ti...
<br />-, Any amouncs disbursed by Lender under this paragraph shall become an additional debt of Borrower and
<br />"' � - secured by this Securiry Instrument. These amounts shall beu interest from the date of disbursement at the Note rate,
<br />"r�_ .t .;? � and at the option of I.ender shall be inunediately du�and payable,
<br /> Bonower shall prompdy discha�'�e anY�ien which I�as priority over this Security Instrument unless Borrower: (a)
<br /> _ ' agrees in writing to the payment of tk►e obligation seaured by ii�C iiei� �r,a n�a:,:..:= a:,:�
<br /> j.t.^.b�� TO LEn�1�r� ��,i� rnntrcta -
<br />= • � in good faith the lien by,or defends against enforcement of the lien in,legal prceeedings which in the Lender's opinion
<br />�"u ''' � operate to prevent d,e enforcement of the lien; or(c)secures from the holder of the lien an agreecnent satisfactory
<br /> -� `�,"',' "�''f to Lrnder subordinating the lien to this Security Instmment. If Lender deternunes that any part of the Property is
<br /> t:.�� , ,
<br />_� ;. :�4, subjxt to a lien which may attain priority over this Security lnstrument, Lender may give Qoaower a no�ice identify�ng
<br />��`�•: � the lien. �3onower shall satisfy the lien or take one or more of the actions set fonh above within lOdays of the giving
<br />�.._.
<br />�_,..-`.� of notice.
<br /> �._` .
<br />— ��:�'�� g, Fea. Lender may coAect fees and charges authorized by the Secretary.
<br />�:���``� 9. Gc�xu�ds for Aooelezation of De3�t.
<br /> -3=`��"�'` (a) Dehult. Lender may,eacept as limited by regulatioas issued by the Secretary in the case of payment
<br />�;�:��•`� defaults, require inu�x:diate payment in full of all sums secured by this Securiry lnstrument if:
<br /> •--�`'�,.,..��� (i) Borrower defaults by faiiing to pay in full any monthly payment required by this 5ecuriry Inst�u�xnt
<br />_���� 1 prior to or on the due date of the next monthly payment, or
<br /> z�.,n..W._. � (ii) Bonow�er defaults by failing,for a period of thirty days,to perform any other obligations contained
<br />-`'`�'_'' � r: in this Security Instrument.
<br />_ " �� ��y��u� Cndit pppmva7. Lender shall. if permitted by applicable law (including section 341(d) of
<br />-== the Garn-St. Gemlain Depository institutions Act of 1982,12 U.S.C.1701j-3(d)) and with the prior approval
<br /> `' of the Secretary, require iriunediate payment in full of all sums secured by this Security Instrument if: _
<br />~�:';�,,,;,,,._„� (i} All or part of the Property, or a beneficial interest in a trust owning all or part of the Prapeny, is sold
<br /> �.+::<" ::� . or otherwise transferred (other than by devise or descent), and
<br />_ . , _ � (ii) The Property is not occupied by the purchaser or grantee as his or her principal resiJence, or the
<br />�� w. purchaser or grantee does so occupy the Propeny, but his or her credit has not bezn appcoved in _
<br /> accordance wich the tequirements of the Secretuy. _.
<br /> , (c) No Waiva. If circumstances occur U�ae would pernut Lender to require imlmediate payment in full,hat _
<br />- � L.ender dc�s not require such payments, Lender dces nut waive i[s rights with respec[ to subsequene events. _
<br /> c (d) Regul�tioas of HUD Secretuy. In manp circumstances regulations issued by the Secretary will limit ,`
<br /> Lender's rights,in the case of paymcnt defaults, to require immediate payment in full and foreclose if not paid. �
<br /> . � 'il�is Security Instrument does not authorize acceleration or foreclosure if not pennitted by regulations of the
<br /> Sccretary.
<br /> (e) Mortgage Not Insuiod• Borrowcr agrec:s that if this Security Instrument and the Note are not deternune�.l
<br /> to be eligible for insurance under the National Housing Act within 60 DAYS from the
<br /> �' � date hereof, La:nder may,at its option require imnxdiate payment in full of al! su►ns sec:ured by this 3ecuriry �
<br /> " Instrument. A writren statcment of any authorized agent of the Secretary dated subsequent to f
<br /> 60 DAYS from the datc hereof, d�clining to insure this Security Inscrument and the Note, shall be j
<br /> ._ . .- .. ..... .. . ... .._�:__ .�_ r_......:.... �A3o....�:,... .nov nnt Fw arNrriu�rl
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<br /> dCCRlfd CORCIUSIVe proot ot sucn mcugioui�y. ��uiw�u���,u�u���S a,... �.,..�.,...b�.....,.,r...... .•—� ---- ---•-°----- •
<br /> i by Lender when the uuavailability of insurancc is solel}•due ro I..�:nder's failurc to remic a mortgagc insurance
<br /> i
<br />_ ' prcmium to the Secretary• �
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<br /> INI'ARASKA-1�lA D�l3D OP TAUST � ;
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