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<br /> -. . �-.s.r. •Yt��y.' ' . . .- - ._�.�__—.._.__ _._. __�`_' ' .
<br /> ,� • .' ��° ��a���
<br /> , circvms�aaces. Borrawer shall not commit waste or destroy.dartta;e ar suCsttncially change the Pragzrty or aitor�the _ :
<br /> �__--.-._:_� �ro�*�' rn.S�rsiorate. re�n�hle wear aad texr excepted. Lendzr m.ay ir.r.pas� the 6�rtoperty if the Fraperty is vacant �.r�i
<br /> �uc�s v:,�.�t cr
<br /> � j or u6andoned or ciae laan is in default. Lender may take reasonnble ecrs_z to protc�:t ,�d ����z � -,
<br /> . . �� ? aba�tdoaed Frope�ty. fiorrower s�aall also�a in default if BQrrowe�.dsi.sina t2n loan application proress,gave materially <'���.
<br /> i faIse ar inasxuraze infoimadon or stata�eats to Lerder (or fuiled to pr�vi�rs Leader vrith any material informaaan) ;
<br /> ' , i in connet�i�n with the loan evidenced by the 1Vote.intluding,but not la�ri2�:d to.representations concemin; Soaower's ;'�_
<br /> � . ' . oseupancY of the Froperty as�I BorroNetII�cquires;ferE ae�co t�e F��crtY• thel leaseho d$and fee dtle�shall�aat '�.
<br /> �.' I with the provisions of th� _`
<br /> �.;��; _ 1 be merged unless Ixnder agre�s w ihe m.erger in wridng.
<br /> � ' 6. C�nd�- 'Ih�proceeds of any award or claim foe darr=a�c�. cf,.�or cfla�q�?ential, in cnnnecri�n with �.:-
<br /> - � - auy candeainatian or ott��taking of any pan of thz PropPrtY•or for caa�re�ance in pl�se of ca�demnauon, are hereby �'�-�
<br /> ot
<br /> � . . � assigued aad shall �e pai d to L e a d e r to che e�u;eat of ihe fuli amouas of t,'.0 jur2e6tedness thflt remains uaiFaid uad�x k. �
<br /> . al
<br /> . ° the Note aad this 3ecurity Insuvv�mt. Len�ei sh.�l apply such pmceeds ta th� red¢ction of the iadebtedness uad¢r =
<br /> ' � u =-
<br /> thc Note and this Secuiity Iasuument, 6ist to aaY dsiinquent ansouata z�r�5;d in ths order provided 'm para8tapb 3.
<br /> . aad then to prepayment of princiPal. Any appli��tion of the pmcee� c�. s�e princiPal shall not extend or guscpanE o-
<br /> tt -
<br /> -� the due dtite of the monthty paymenu.whicb:ue refeued to In patagrrgh 2,os change the am4unt af s�ch paymeau• _
<br /> ' � An,y excess proceads over en amnunt reqvired to pay all outstaadinL� i�dn��dn.ess undc� the None and [his S�ty _
<br /> ' �, �� InsuvmSnt shall lse paid to t'��entiry leg�llp entided thereto. m����+. Borrower shall pay all goveza�aental
<br /> • . q. �t�Bor�wxs avd gto� of Ir�d�z's f�� � h �. Boaower sball pay these obligations =
<br /> or m�micipal char��s,fines aad impa�idoms th�.�are not included in rar�i�
<br /> on euee directly t��e endry whic3 is o��the payraea� ff fail}are to ga�r rould adversely affect I.eader's interest ia --
<br /> 1�`ogerry, uu^.�L�3z;'s °�..ess Borro�ea shali pmmpdY facn�vh t� bx�dsr rc-ceipts evideas�g these payiuenu- ,_--
<br /> :,i}��J;f;r:>;t, the tJ'I��:o�� W�;.� �s:�ih� payrn.°nts or thz payffients requ:..red �lF�Ph Z.or fa�s to gerfo±m zny�etheY _
<br /> .,,,`�'' a ;�,-;��ts oonseined ia Yais Sc�'auity Insfsumeat, os t t.�rW i s a i e g a l p s;+a�i n g t h a t m a;���
<br /> ��="fy oav.c�:,� ,:�:. g in banTnv.�cJ� for conclemnatian as tw. c�.`;�.:"jrx�.�=
<br /> ��` � • ��3:t�r;;;w:.�:_�;; in the Properry (su:� as a praceeciin ���'s�;�� _
<br /> � , c�-;;;��,:,�, � ;ixaa3Er may do and pagr u�:.T is necessaTY w Pr�=e�t t�value of the ProgertY
<br /> ;x
<br /> � . . in.ti�:e;?-s'�:. ia:�.�ing paymrat of ta7c�,h.�d insv�caaee and n*h.rx it�ns meationed in para�aPh 2.
<br /> .T'�f�_=�,.-�;• LauJ ��,�.�� c,:shucsed h�•Leader und� thls puragraph sball bec��,n an additlonal debt of Borrower aad ioe
<br /> `� r • 1��sr amounts shall bear intcr�t fra�.th�date of disbnrs�at at the Note raie,
<br />-:;,��;�•;°�;�'3;�! �� secured by�.:��8� i��>. .
<br /> -�;:,;'Ef;J�in�'• : . and ai the opti� :a'�3er shr'i bE uu�d►�e3y due aad pay tyle. t unless Borrower: (a)
<br /> :%.��.;;;.r,�;�;,t. Bonower s}�ill�mmQt1Y 3i�ka:ge auy lien which hszs priozi over tbi�5�curiry Instrur�°u
<br /> �. ...,�,..
<br /> --_ •.� . agrec� in writin$to the p�t of the obli�ation ssxured by the li:n i�s�er acceptable to Lender, car�tes
<br /> ',~ in good faith tfle lien by,or defeads ag�nst enfarcement of the li2a i�,1:�l�proceedinga wbish ia the Ixnder'e opinion
<br /> ±°�,::-;-_�;-��:� �p¢�te to pievent the enfon;cm.°nt of the lien;or (c)seauee tYo�tP�: �uld�r of the lien an agreement satisfactory
<br /> - -- ,-c'r,�.
<br /> _ _:�,`1.; to LEnder subordinatin� the lien to thi� Securiry InMniment. If L�nidcr �Setern�a� i��o�ow�a otice�flentifyt��8
<br /> -�- �`"' subject to a lien which may attain priority ov.;r thts Securlty Inctrur'kcne. �.s�lder maY�
<br /> °'~'�`;=1.�-�; [he lien. Bonower ahall satisYy the lica or ta3ce ons or tnore af tt:o �zt61an sa.t forih aS�ove wt�hia 10 Qays of t2�c givfin3
<br /> ;> of noiice.
<br /> � �.., .����. g, F�. L�nder way collect fa..� aud churl3e� nnthoriz� by s.�3 c�.�::'ta�y.
<br /> �-�,�'� 9. G� fat Aaoeler� of II9�bt.
<br /> - .-�,:�:�r�� (a) Daf�l� Lcndes msp.ex�..�pt as limited by re�ubatic:�.� isccad by the Srjerrcnry ln the clse of paymeat _
<br /> .__,�=�'�'� defaults, require i�m�1e.@ Pnym:.�t in full of all su�s sesurad byasnLs� h�y��SrcuritY Instcument
<br /> -- =°:_s�� (i) Bo�wer defnultu by failinS to Pny in full any ma�y'�Y
<br /> -- -- prior to or on the dua d�:�of the aext monthly p y�
<br /> -,_�_:,,� (ia) Hoaower defaults by f�g.for a period of thirt}dafa�to Perform anY other obligations cun2ained
<br /> ,�.- � ia tl�Securit3► Inst�umEat.
<br /> M*��� Lender shall,if pertrc�:d by appllcable law(inclLd�ng secuon 341(d;of
<br /> `�. �:sa�� �� �fi�?�dhoat t�rodit App�uval.
<br /> .�1f�' t�:C^��.�-St. Gera� Depository In�titut�ons Ast of 1932,12+J.S.C.1TOlj-3(d))aad with the prinr approval
<br /> ��`' of r�� �retarY. ¢+��ire imm�dir:a puyment in full of alu sur*n secured by this Security Instsument if:
<br /> =���-.------�---�� (tfl �Il or part of the Pra�ty.or a beneficial iatereci i�.a tn:si ownin�all oz part of the Property.is suld
<br /> �,^�.�-. = c-�+�erwise transferred (mther than by devise o�der,�enz7, and
<br /> �„_;�:�M';""=�` is nos occupied by�he purch3sEr oi�r�tee an his or her priucipal residence. oz the
<br /> -�- ....,.7 (i:➢ 7Le Prape�ty ' the Pro�etty. but: �ia or �er credit 6ns uot been upproved in
<br /> �»�ii;t�+�;x`?�� purehaser or �rantee does so oocuPY
<br /> =:i,�y,iF'���I� .l.l .' �VI4W�CC LL:�the requimm�ts of the S�retary.
<br /> t
<br /> .�_Sf�:`:�" •�_;. • f��� RK� :�r31YL'L If circumst�nes oocur thut would percr�C L��der to require irnm�diat to subs�r.queatf eveats.
<br /> ° .. . • II,r�.�;::c �±�.,a not require suc� pnyments. Lender daes coe Nu�.e its right� aith mspec¢ �vlll limit
<br /> `-'' `: C,� y�g�i,ons �HUD Sectteis�ll• In many circun:ctana:s regulations issued by the SecretarY
<br /> 4.,, - .: ,. _,..
<br /> :~'���'`;�::..-. Lendrr's rights,i�r:s.�case of ppyment default�,to reg�i:e '�'-edlate payment �n full and foreclo�if not pFi: .
<br /> _. . '�h�g S�rity Inscnun.'nt does not authorize asce ler�.t_.a 6:�f o r e c l o s u r e i f n o t p e�m i tt e� b y re g u laiions of the
<br /> ' Secretary.
<br /> . . . �_ (e) �s�g�Ho3 I�,sui,od, IIomDtiver agrees t$at if e�i��:�urity Instru.ment and the Note are not detem�ined
<br /> . � .�.� w b e e l i g�'b l:f o r insutaace unflEr the NatIonal Ho•.utlag Act withtn 60 DAYS froYn the
<br /> .0
<br /> - ,, .:�^���. dute hereof, Ixuder may,at its option require imr.ed:at� pay�ttem in full of�ll swns secu r c d by t h i s S e�r�ty
<br /> ;°__"�� '�' (nstnunent. A written statem.°nt of any authoa�tt ..�ent oF We S�cretary datetl stibses�uent to
<br /> �" : .' � 60 DAYS from the dnte hereof. dQClir.iag to lae.ura thls Sesurit3► Instrumeat and the Note, shall be
<br /> . deemsd coaclusive pmof of sus�ineligibiliry. Non+iuutandisg the gomgoin�,this optton may aot be exercised
<br /> . : by 3.e�fler wflen the unflvailuniliry of insuraacs is so2e�y due to Lend�r's failute to remit a mortgage insurance
<br /> � • � •. prer^�.um t� ta. 5.x�:etary
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<br /> .c' ' �fLr'.Tl!: :"'r' �'.iL�1 L'1lS13� .
<br /> ,�•.�. ?l:��' _.. cz.cam�a::u Page 3 of 6
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