|
_�2�5 ::i4s::`: ..._. . . . -......_. .
<br /> . .. t
<br /> � • . . ,
<br /> . :.r°;r`::J..�' . `_`_
<br /> •� , � i
<br /> �. . � - � 9�� ��'.�.s� .:�
<br /> .` . circwnst�noes. 6orrower shall aat comudt waste or desuoy,dan�g�or subs ��E� 8��+�,� �o or�8 v�r�ni -
<br /> � � Feoperry co deteriorate� reas�nabie vreur and te�r exccp2E�d. Lender maY insg Pe Y p�tY can
<br /> � ' ax nbandQned or the loiln is in defanit. IJmd�r m�y tr�e rza�onable ection to protect and preserve such ves:at►t nr
<br /> . .: � . ,� � ttbattdoned Pea�grry. Burrower shall also @P!n default if Borro�ver.du�ing the loan applicatio�a prasess.�ave materially
<br /> • � � faise or(n�scurate InformatFon or statements to Lender (or failed to provide l.en�er �vith any material infom�tion)
<br /> . . i�cannection with the los,n evidenced by the Note,including,but not limited co.representations conceming 6oaower's
<br /> an
<br /> • ` � accapaasy of the Peuperty zs a prittetgal r�sldatce. [f this S�curity Instru�ent is oa a tez�ehold. Borrutiver sh�il camply
<br /> • wiUa the provisions of the tease. If Sorta«er �!cquires fce tide to che Property, the leasehold and fce cide shall aat '
<br /> _ � � � B�me�ed unless Lxnder a�s to ehe mErger in writin�. -
<br /> m
<br /> , '.,..;•. : g, ��, �e p��of any award or clairn Far dzar�ges.�irect or consequea4ial, In conneerlon with
<br /> . ' ' any condeamation or other ta�ng of any part of the Progerty,ar for conveyance in place of condemnat�on, are hetebY
<br /> � I assigned and shall 6�paid w Lender to the extent of the full amount of the indebtedness that remains unpaid under �.
<br /> � Nflte and this gecurity Ynstrument. L.ender shall apply sucb proceeds to the reduction of the indehaedaess under �;-
<br /> ' rhe Note and this Scauity Insuument, first to any delinquent amounts applied in the order provided in paragraph 3, __.
<br /> � aad then to prepaymeat of priacipal. Any application of the pmcceds w the grinsiPal shall aot excend or postgone -_-
<br /> - ` the due d�t����e monthiy paym�ts,which are refer�ed to in gazagraPh 2,or change the amouat of such payu�cnts• _
<br /> � Any exce�s p:urxEds over an amouat iequired to pay all autsiaading indebtedaess un�er the Nate anti thi�Security
<br /> �., �:.__
<br /> InstrumEnt ahall be paid to the entaty legally eatitled thereto. Barrower shall pay all govemmental ;:�
<br /> � .'•�y 7. ��.s tm�aaaaayes and Pao�tifln af I,e��'s Rigb�s in t�e Pcogeaty
<br /> ..o=`: • ; . t;'�, or mimicipal chazges,f�and img�siuons that arn not included in paraF,raPh 2. Borrower shall gay th�s obligations ��__!
<br /> ' •• ,:'�' F� on ti�¢e dir�ly to tlte eatiry which is oaved the paymen� If failure to pay n auld adversely affect Leader's interesi in �
<br /> ,,J
<br /> ,� ' ' •.�titrt. : the Proge�., �on Len��r's requ�ss Borrower shall promptiy furnish to L�u.�er maei�tts c�7dencing these payments. ;:___.
<br /> .,c,•';:;:,�,; .� ..,`� If Bcr_c'...—�r fai's cr� .:.ake these ��}ments or t�.�aym�rs ��,-�•'-e� h!�•,����h 2,ar+�ils to perfarm any oth� _
<br /> � '�'��''; �_ contained in this Se�,r.�� -"�,•,,,'�-• ;: there `_s f�:sal pracee�.ing that �?^.�nificani.a i°_
<br /> , < . +.�-
<br /> �4�`��`r, � :,i�E� COVCri3IIt4 S.^.3 : �
<br /> ;S.�� ..• r ����.7 3�22�L �.'�.:t'S il'�1iS '��.=.i' PTOP�I'[Y tSl1Cb 8S 3 Ls�'w'�..a'S.'= ''��P�'• fn•r'COII�IIII]3Lt�II OT L4 �::�'1 tBWS OI �
<br /> regulati^.�.:.=�, :�en �.ez:.er may do a:,.3,^ay whatever:s neces�s_ �proiect the value of the?.-:PenY z�.���i�'s riShts '- .
<br /> � , in the �-r�.x�:y. iacluding paymers a;�::�ces,ha�ar� insuranD= �ui other items mentic�� i:¢�aragraps L. _
<br /> � • '� F �t p:,; �unu dis�•�.-sefl by I.en3er under this paragraph �.-all become an additia� •:rbt of Bczrower and �s
<br /> .'�� t•, �,, ,
<br /> ;;:;�• ,' . .
<br /> ..E.;;�;. `''`���`5 s�ued bythis Securitg�:.-x�.ent. These amounts shall bPar interest &om the date of d:s'�.:rsement 2:'ke ote rdte.
<br /> .�'r�:�� ;.,, � and az the option of i.r�a::�' sha11 be immediately -i�.►e and payable.
<br /> Borr�r._r shall g���y disch�:L� any lien R'�.�has gricr,'s�over this Se�uricy L+r��nt unless fi�rrovrer: (a)
<br /> � ' � agt�s iss w;.;�g t��*:cayateat of�s obligation se�red �,;.�r.i°_sn in a manner acr.e�::sP::ae w Lender; N)wn:��
<br /> .. , in ao3 f�:he li��p,�r defends against enforceme�t of t�e`r��A,legal praceedings F�i;,�ia the I.ender's opiai.r�
<br /> � 8
<br /> �, .' _ operate to preuent the xnforcemenit of the lien;or(c) secures �oin t�►e huiu� of the lien an agrce�aeat satisfactor
<br /> � to Lender sulsordinatin8 the lien to this Security Inshvrrient. If Lender dcteimines that airy Part oF�e Propeity is
<br /> ' � �� subject to a lien which may attain prtority over this Securiry Insmunent, 1.ender may give Borrower a notice identifyfng
<br /> ;;• . the lien. Borrower shall satisfy the lien or tnke one or more of the actions set forth above within 10 days og the giving
<br /> .�`'�' of norice.
<br /> � 8. g�. Lender may collect fe� and charges authorizzd by the Saxetary.
<br /> . `. 9. �mnnda far Aoael�atiOn of Delx.
<br /> � � '. (� Def�l� Le�der m�y,eacept as limited by regulations issue� by the SecmtazY in the casP of payment
<br /> `F., � m
<br /> '3"�m;;�,�t;,...�' defaults. requ'ue immediate payment in fuU of all sums se�ured by this Securiry InsmimEent if:
<br /> T��,!::,L�'� (i) $4rrower defaults by failing to pay in full any monttily payment required by this Securiry insqvatcnt
<br /> _____�•- prlor w or on the due date of the next munthly payment, or o� �y a�� obli a2lon9 contained
<br /> _-�-��-.s:.,;.�___
<br /> _:.,�� (ii) Bor►btv�s defaults by failtng,for a period of Wirty days.to p�f �
<br /> ;:;.•.,.�}.
<br /> m'.'::;. .:,,.,� in this Securiry Instnament. --
<br /> ;;�.:,•.•,,:. _ . @� �q�� �� Appr�yal, Lender sha11,ifpermit4ed by applicable law(including section 341(d)of
<br /> v.:•�;Y.'{.;•
<br /> ,�p.zy �- the Cam-Si. Gtrmain UepositcrY Institud°ns Aet of 1982.12 U.S.C.1'101j•3(d)) and with the prior apprav
<br /> ._:�'r:.�:. ` . of the Seccetazy, require immediate paymeat ia full of ali sums se�cured by this Securiry Instnuc�ent if:
<br /> �!•v,. (i) All or part of the Pmperry.or a beueficial intemst in a trust owning a11 or part of ths Property.is sold
<br /> �:;.r:.:v:--:— or a:hen�ise aansferre� (ather than by devise or d�scent). and
<br /> 1""n. . : (ii) 7he Propeaty is not oavpied by the purchaser or gantee as his or her priacipal residence, or ths
<br /> '''�_��`"'�� ' the Property, 6ut ]us or her credit has aot been approved in
<br /> - -,�..:�.,:�. • purchaser or grantee does so occuPY
<br /> ;: . accordance with the �u of the Secmtary.
<br /> {c) No WaivcY. If ciraunstaaces occur that would pemnt l.ender �.� cequir� immediate payment in tull,hut
<br /> �''; � � f,,..�cder does not tequlre sucb payments. i.ender daes not waive:'s ri�hu with�espect to subsequent events.
<br /> .:.; �:,t:;��� r�i� of HIJD Sec�tuY• In many circum_�ces mgulations issued by the Secretary will timit
<br /> ,�. Reg�al�ions
<br /> . ••i���3� � L'ender's rights.in the case of payu�at defaults,to re�_;re iinmediate payment in fuU and foreclose if Bat p�ix:-.
<br /> ��,..,,
<br /> •`� �� 'I9iis Security Iasuuiaent dces not authorizQ acceleration or foreciosure if aot permitted by regulations af t,�°
<br /> � . -;:• � S�cretary.
<br /> . (e) Mattgage Nat In.timed. Barrorfer flgrees Q►at if this SFCUriry IastnunQnt and the Note are not detem�ined _
<br /> � ` ; to be elig,�'bie for insuraace un.�er the National Housing kct within 60 DAYS from t�e -
<br /> � .` ; d ate h e reo f, L e ader ma y.at its�ptlon require immecliate payment in futl of all swns secured b�r tlus S�unry _
<br /> .*;�+�?-' . �• Instrumrnt. A wriYta� statement of sny authorized agent of thQ Sscretary dated subsequent to �
<br /> m
<br /> • �• � 60 DAYS from the date tcereaf,declining to insur�e this S�uriry Inswment aad the Note. shall be _
<br /> • , deemed coaclusive pmof of such lneliEilsiJzty. Nonvithstaacling the foregoin�.this aption cnsy not ir�exercised
<br /> '"�`' . by Leader wheri the unavmlability of iL.,ur�ce i�solsly due to Leader's failurc to remit a mort�age insurau�e
<br /> .. ,s�,;,.
<br /> ' . .:�:�rd;'ti.', premium to the Secretary.
<br /> .. 61�6
<br /> - �-Ft�1► DH�OP TEtiJST Fa e 3 c�6 �
<br /> ' : �'��;;� . a�� srx�:.ts csoo�eca�ssz �
<br /> �
<br /> :J
<br /> �
<br /> � I _ _
<br />
|