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<br /> 41 .
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<br /> - -- �g������� �_�.
<br /> clrcumstences• Bonower shall not comsnft waste or desuoy,dama�e or substantinlly change the Property or s�llow the �
<br /> Froperty ro deteriorate, reasonable wear and tc�rr exv:ptesl. Lender mny lasp�t the Pcoperty if the Property iavt�cant �_
<br /> or abnndoned or the loan is In default. Lender may take reasonable action to pmtect and preser+e such vacant or ��..
<br /> . ebnndoned Propeerty. Bonower shall also be in defnult!f @arrower,during the loaa applicatioa process,�ave rnaterially -:,
<br /> fnlse or lnuocurnte iafornuulon or stutemeata to Leader (or fuilet!to provtde l.eader with any materisl inturmatian) '
<br /> - � in conneetion tivith the loun evidenced by the Note,irtcluding,but aot limited to�representatlons concem�sp flonow+Yr's �,�
<br /> occupuncy of the I'mperry as a principal resIdence. if this �ccurity Iastnu�nt is aa a Ieasehald, BoaoweP ahall comply -.�
<br /> , ,� � wlth the pravislons of the lease. If Bonower acquir�,9 fee tlde to ttie F.operty. tbc tcasehold aad fe� title shetA not �,:-
<br /> be merged unless I�ender agmes to the aterger in writing• ��or conseqicenu�l in connection with
<br /> ��r�� 6, C�umatfon. The pmcecds of any award or claiin for damages, • �-
<br /> � :w-��q any condemnatioa or other taking of any pacc of the Prop�rty.or for conveyeutce ln placs of coademnatton, are hereby �
<br /> assigned and shfill be paid to Lender to the e�ctent o f t he f W l a�uoun t o f t h e i n d e b t e d n e ss that rema[ns unPaid uader
<br /> the Nota and this Securlry Ia�tnunsnt. Lender shall appiy such praceeds to the ceducdon of the tadebtedness under
<br /> the Note aad tlais S�urity IasuvmFnt. first to any deliaquent araouuts applied in thc order provided in paragre�h 3. �-
<br /> � � and then to pt�epayment of princlpal. Any applicatimn oS the proceeds to the prlacipal shall not eatead or postpone
<br /> • . �. the dua date of the mantLly payments. which nre referred to in paraSraPh 2.or c�ange the amount of such paymuents. _
<br /> �. pny excess proceeds over an amount required w pay ai1 autstanding indebtedaess uuder the Nute and tUis Security -
<br /> Wstn.vnent shall be paid w the entlty legaAy entitled therew. Boraower sbail a ell overamentel E
<br /> . �� � 7. 4Uarges t�n Borcowc�and PnoteeHon of Txader'R Ri�hta in tlse Pcopeity. P Y 8 _
<br /> or muaicIgal charges.fines and impositions that are not included ia paragcaPh 2. Borro�v�r shall pay these obllgations L
<br /> . � oa time dimctty to i�e ent�ty wluch is owed the payment. If failure to pay would adver�ely affect I.ender s iaiurest ia --
<br /> the Property� teppn ixnder's tequest Borrower shalb promptly futaish to Leader t�eseipis evtdeacing these pay�ts.
<br /> Eg Barauaer fa7s to make these payments or the Qay�cs a�l�d bY P�h 2,or fails to perfocm any othsr �._
<br /> �. . - covennnnte and agreements oonta�ned in this Seauity Ins�vment. or there is a legal pracPeding that may dgnifi�:u3tly - -
<br /> affect Lender's dr,h4s in the Pcopert3► (suci► as a Pro�in8 �°bankn�ptc7'• for con�lgnmatton or to enfotr.e laws or
<br /> � ��:..};-_a r regulattons), then ir�ader may do aad pay whatEVer isaeces�ary w pmteca the value ofthe Property nn�Lend.er's aighta
<br /> in the PropertY. incIuding paya�ent of taxes,i�azard iasurance and other ltems a�ntioned in par�sraph 2. _
<br /> � �. � � Aay amounts disbutsed by Lender under this paragreph shall become an addidonal debt of Barrower and be
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<br /> _•�•��.�s� secured by thia Scxurlty Iasuumeat. These amounts shall bear interest from the daie of disbur��ement at the ote rate,
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<br /> _�;y� aad at the optioa of Lender sLali be im�diatelY due and payable. _
<br />-_�:�h�.;°_ Rnrrower shall pmmptlY discharge aay lien wbich has prlority over xt�iis Security Instcuanent wnless Barrower: (a) —
<br /> ,::`�;�" ..:�, agre�s in wdtimg w the paymeni of the obli�m8on secured by t1�e lien in a maacer a�epis�ie iu I�u�i,�3 a� .
<br /> � �a gc3�d faith the liea by.or defeada against et�fforcemeat of the Uea ia,legal Pmceedin8s which in the Lender's opinlon
<br /> �'�=�'�?� opes�te.to prevent the enforcemeat of the li�n;or (c) sECUres tro�the holder of the lien aa agreemeat satis+.�a,ctory
<br /> ..Y-r'"'.� to I�dea subordiaating the lien to this Security 1nsm�ment. If I.ender deoecmines thut aay part of the Pmpeaoy'I� -
<br /> -_'',r.3f� subJect w a Hen which may suuin prIority over 4his�ccurity Instrument. L�ender may give Borrower a notice ideatit'91ag
<br />_-m�,;;-.1��;�,� �he lien, Bomoear� sha1l satisfy the lien or t�s one or m�re of the acdons s�forth above withia 1�days of the glving . ,
<br /> _��,.;Y� ofnad�e. '
<br /> -..�i� 8. Feo. Lt�der may col�ect fees and charBeg authorized by the Secretary.
<br /> - =r=--- 9. Gmmds for Aeoe2aatioa of Debt. m tlie c�se of a nt
<br />--'"A'`.s (a) Defmlt Leader may.exeePt as limited by regWations issued by the Secretary � P Y�
<br />-�--�_r", require immediate payment in fiill of all sums secured by this Securicy Insuument If: . .
<br />---_� dEfaults� a t b this SecurEty Inatrument ..
<br /> (i) Sorrower defaults by failing to pay in full aay raoathlY P Y� �4� Y
<br />___,�_.��v prior to or oa the due date of the neat monthly paYment, or
<br /> -. _� (ii) Borrower defaults by failfng.for a period of thicty days.to perform aay other abligations w�u�ed �.
<br /> - — tn this Securlty Insuumra� '
<br /> --.� _� . (b) Sale�otrt Cndtt App�ovat. I�ender shall.if Pemntted 1+Y apPlicable law(including.&ecdoa 341(d)of
<br /> en
<br /> -�— = the Garn-St. Geim�in Depository dnstltutlons Act of 1982.12 3].S.C.1'i01j-3(d))and wl¢�the pr�or appmval .
<br /> -_- —_ - af the SecretaiY. r�uire �� PaY�� in fult of all sum�s�a�recl by tI�is Security Ias�at if: -
<br /> :_.._ _--- (i) All or�Ct of the Pnopecty.or a beneficial interest in a tn�ss owndn$�1�or pait of the Pmpeny. is sold
<br /> _v�-- or otherwise transferred (ot3�er than bydevLse or desc�enta, atUd
<br /> -- -_---' � (i�) 7�e Fe�nperty is not oaupied by the pucchaser or granteE as h i s or h e r p r l a dp a l c+e s l d e a a� o r t h e
<br /> �_z purrhaser or grantee dces so oxupy ihe PcoPertY, but his or her c�e+dit has not beea appcovai in
<br /> -.�,a;,;�;,��i� ar�ordaace �vlth the � of tLs SacmrarY• t in�fu71�but
<br />�'a��_-° (c) No Waiva. If circumstances occur that w�uld permit I.ender to t�equire iin�tediate paymea
<br /> '����":..:,�,,� I.eader does not nquire such payinents. Leader dces noi waive its rights with respect W subseqwent 'ev�ts. _
<br /> __ ., �4..�..�� (� Regd�ioas of HITD Secie�Y• Ia many clrrumstana� regulabtons issued by ths Sx�t+etary aill limit
<br /> -- I,ender's rights.iu the case of payment dEfaults,to requine imn�doyte payment in fiill au�foraclosa if not p�id. _
<br /> ,' . �; .�; 'fhis Security Iusuumeat does not authorize mcoelerazion or foreclosure if not pemaiued bY re8ulaticns of tiie
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<br />- ��� (Q) Yy�ort�Nat Insud. Bornower agne�s thai if this Security Insuu� aud the Note are not deter�ined
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<br /> .° •. . + , to be eli�tble for insutanoe unde.r ttce National Housing Act wlthin 6 0 DAYS fr�em the
<br /> .,•� date l�er�of. T.eader may�ai ita option require immediate Pa�eat In fuU of all sums sacured by tlzis Secudty -
<br />--,.s�°� Insbnmtent. A�vritten siazement of aay authorized ageat of the Sea+etarY dated subsequent to
<br /> 60 DAYS from the date hereof. decli�ing co insure d�is Sectrlty En�u�cat and the Note,sbnti be
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<br /> --���. :;'-r•� deaned oonclusive proof of such irteligibility. Notvrtthstaucin� iae Eoregaiug.iais opu�►a ���...���� _
<br /> . " ,; Y by Lender wflen the unavatlability of insuranoe is solely due to Lender's failun:to ranit a m.ortga�e insu�uce
<br /> �' premium to the Secrei�ty °
<br /> N9b -
<br /> NYBpA�l�FAA D�oF 78USt' page 3 of 6 -
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