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<br /> circuznstances. Bormwer shall not �mmit waste or destr�y,dain�e or substantialiy change the Property ar aitow the
<br /> Property to�ieterioratc, reasonabie wear and tear exc.ep�td. I.e�a asay inspect the Property if the Progem• is vacant
<br /> or ab�doaal vr the loaa is in ckfauit. Lwder may cake rexsonabie aciion to proteci and pr�serve such vacant or
<br /> abandoncxi Property. Borror,rer shall also be in default if tiorrower, during the loan agpiication pmcess,gave materially
<br /> faIse or inaccurate inforr�ation or statecnencs to L�sder (or failed m providt Lendar with aay material infarusation)
<br /> in�nnectian with ihe toaQ evidence3 by tLe N^��,+nci+,ding,out nat l�rited to,rEgresentatioas caacetaing Botrower's
<br /> occ��ancy of the Property as a principal reia�-. ��is Seczaity Instrur.�ent is on a leasehold, Bartower shall comply
<br /> wzth the provisions of che lease. If:�orr�,wrr s;;�-,:ires fee title co the PrQgerty, t,�e leasehold and�fe�utIe shall not
<br /> be mtrged imless Ltnder agrees m the metger ia writiag.
<br /> 6. Cc�on. 'IVe proceeds of�y aw-ard or ciaim for damages, dir�ct or conseqe�utial. in connection a+ith
<br /> any conde�nation or other ta�ng �i az.j par: of the i�coperty, or for coaveyan� in plaoe of coadeamation, are hercby
<br /> assigned and s�ait be paid to Lender to th�_• e�ctent of the fnll ame�mt of the indebtainess that remains unpaid under
<br /> the Note and this Securit-�+ Insu�umeat. Ix�der shall appiy such pivicee3s to Lhe redvcaon of the iac�e?+*��ess undtr
<br /> tl�e i�ote at� this Security Instr.imeat, fiisi to as�deIinquent amauncs apglsed in the order pmvie�ed in paragtaph ?,
<br /> and then to prepayzner:t oi'principai, Any a�plication nf the proc.eeds to the principal shaij aot e�tend or postpone
<br /> *he due date �f the monthl} payas�ents, whicti are sef� to in paragraph 2,or change the amount of sach Qay�:sents.
<br /> Any ezcess proceeds over an amount required to pay aiI ontstanding indebtedness unda the Note a�d this Securin�
<br /> Instrumrnt sha11 be paid in the emiry teEaL'y entided thereto.
<br /> 7. C�arges to Boriawer aod P�xtion of I�cnda's Righta *n t� Pcvperty. Borrower shall gay all gotiernmcntal
<br /> er municipal charges, fines azid imposidons trat are not included in paragragh 2. BotroRer shall pay these abtigatioas
<br /> �n titne directh• to the entity wh:ch is owai tlte payment. if failure to pay would 2dversely affert Lende:'� interesi in
<br /> the Pmaerty, upon Lender's request Bornower shall promp@y fi.rnish to L,.°nder r_�ceipts e-.�idencing thesr. payments.
<br /> Tf Borrower fails to make thcse paymenu or the paymeau required by paragraph 2,or fails tv perf�rm any other
<br /> co�•enants a�d agreeTr�ats contain�i in this Sen�.rity Instrument, or there is a legal pmceeding that may signific:andy
<br /> zffect Lender's ri¢hts in t�'�e ?ropem (such as a pcoceoding in bankniptcy, 2or cons3enmation or to cnforce laws or
<br /> ree�:iations), che:. Len�e* may do and pay whatever is necessary to grotect Lhe value of the Propet�ty and Ler,dez's r.gnts
<br /> in the Property, including parr.tent of tazes,haz�rd insurance and other items mentioned in paragraph 2.
<br /> Any amounts disbursed �y Lender under :his par�graph shaFl become an additional debt of Bomower and tx
<br /> seci:recl by this Se.•curity Instrumcnt. T'�ese amaunts shall bear interest from tl;e date of disbursecnent at the Note rate,
<br /> and at the optian of Lender s:,aIl be imnx.diately due and payable.
<br /> Bcrr�wer shall prom�tIy discharge any iieu which has prioriry nver this Securicy Inscrurnent unle�s Borrowez: (a)
<br /> agrees in writing to the payment a:he obiigation secvred by tbe lien in a manner acceptable to I.ender; (b) contests
<br /> in go�d faith t6e lien by,or defends agaiust eaforce�x-,�t of the lien in,legal proceedings whicn in the Lender's opinion
<br /> �nerate to prevent the enfor�errsent of the lien; or � uxures rrcm the holder of the lien aa agre�,-ment satisfactory
<br /> to I.eader sut+or�i:iating the tien to ihis 5ecuriiy ,:r ��jscnt. If Lender detzrnsines that any part of the Property is
<br /> subject to a lien which may attain p;iority or•er this Sr.;.irit;� In=tnunent, Lender may give Borrower a notice identifwing
<br /> the lien. Borrower shall sar.sfy;he ]ien or take one or more of the actions set forth :.bove u�ithin 10 days of the giving
<br /> of no:ice.
<br /> 8. Fe�. i,enc�cr may collect fees an3 charges authoriz�d by the Sec:•etar,�.
<br /> 9. Groun�is for Aocderafion of Debt.
<br /> (a) IDefa�lt. Lender may, except as limited by regulations isst:ed by the Secretuy in the ea.� of payment
<br /> defaut?�, require immediate payment in full of all sums secured b�t,�.is �ecnrity Ins:rument if:
<br /> (i) Bo:ro4ver defaulu by failing to gay in fu11 any monthly payment m,u;red by this Security Instnunent
<br /> pr:or to or an the due date of the nezt monthl,y pa}zneni, or
<br /> (ii) Bonower defaulis by failing, for a period of diirty days,to perform any oitier obiigations cnntained
<br /> in fliis Sccurity Inctrumer.t.
<br /> (b) SaFc Withvat Credit Approval. :_eeder shaIl, if permitied by applicable Iaev(including section 3411d) of
<br /> the Garn-St. Germain Depository Insticutions Act af 1982,12 U.S.C.1701j-3(d)) and with the prior approval
<br /> of the Sec.rctary, nequire im�ediate payment in full of all svms securetl by this Security In�-trsment if: ,
<br /> (i) Atl or part of the Property, or a bcneficial inter�t in a trust awning al;or oart of the Property, is sold
<br /> or och�rwise transferze� (other ihan by derise or descent), and
<br /> (iij The Property is not occupied by t2se purchaser or grante:, as I:�� :: ::c- principai residencr, or L'�e
<br /> purcha.ser or grr�tee dees so oc�upy Lhe Prooerty, but his or her crcc;it has �ot been approv;d in
<br /> accardznce �:•ith the reqe:imments ef th^ Secreta.ry.
<br /> (c) N� 1�laiver. If cL-c+.unstances occur that would pennit Lender to require immediate paymenc in :u11,bu:
<br /> Lender does noc :equ�re sucb paymeats, Lender do�s noc waive its rights w;th r��xct tn subsequent e�ents.
<br /> (d} Regulaxica�s of HLrD Secsetary. In r.�any circurnstances regu;ations issued 'cy the Secretary will limit ;
<br /> I.ender's righu,in the c.�sc of payme;it defaalrs, to require zsnmediate payment in full and fo*°close if not paid.
<br /> 'i7iis Seeurity Insuumen: dces not authorize acceleration fl:forectosare if not i..°:cnitter] by regulations of t�`�e
<br /> Secretu��. '
<br /> (e} RSa:igage tint Iiu�zsroci. Bermwe* a�rees that i�this Security Ins�niment �td t�e :*tote are no: determ:n��
<br /> to bc eligible `or insurance under t,'�e Nazior.al T-Iousiag Act within 6G DAYS from the �
<br /> date hcrrnf, Lend,.r map,at its option requim immcxiiate �ayment in fult o:aii sums secured by tl:is Security
<br /> Instrumcr.t. A evritten stafernent of any autnorized agent ef the Secmt�.rn dateti subsequrnt to
<br /> 5G Dr'�YS from the date hcreof, des;iining ta ir.snre this Security Instrnrncat and ehe Note, „hall 5e
<br /> de.med conclusive prn�f of such ineligibiiity. No?withstanding the foregoing, ;his option ntay not be exercised
<br /> by Lcnder k•hen the uravailabiiity af insurrtnce is solely Aue to Lendcr's failurc ;o remi: a mortgagc insurancc
<br /> vremiurn to the Sccretarv. _ '
<br /> NI;BRASYCA-F7i14 (3i:�� Uf'7'�UST �
<br /> r:rv:�,. s.s�,t� rp�?+tw�.ixa Pa�c 3 of G
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