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<br /> . .: .� 9�- i��ss� :
<br /> : dre�mstanres.Borrower shall not oommit araste or destray,damage or suisstantially cbange We Propertq or allow the ''� �.`'-
<br /> . < . ' . .`.{..� - - . .
<br /> , . . � - �. : � Property to deter€orat�rc�asonab2e weat and teaz eaaepted. Lender m�y inspect the Property if the Propertyr is varant . �
<br /> • . � or abandoned or the loan is in defauit Lender may take reasonabte action to protect aad presenre suc3�vacant or �
<br /> ' � ` i abandoned 8roperty. Bormwersball also be in default if Borcawer.dnring the loan application prooess,gave matertally . . �.
<br /> . -;.1 false or jnaccnrate informai�a or statements to Lender(or failed to provide Lender with any materIal informaSoa) . � . �; ,
<br /> . ' in wnne�xlon with the Iuaa evIdenced by the Note,Inclnding,bnt not limited to,�+epresentations ooaaeming Borrawer's � , `
<br />- . � _ '� accopancy of the Pmpertyas a prindpal resldenoe.lf thLs Secauity Iasuument is oa a leasehold,Borrower shall oomply ,
<br /> . . �. .';
<br /> - with the provisIoas of the iease. 1f Botmwer aoquires fee titte to tiie Property,the teasehoId and fee titte shall not . -� . .
<br /> - -_- be merged onless Lender agecs to the merger in wrIting : ,
<br /> - -_-:�-�` -- 6. C�attun. The prooeeds of any award or daim for damages,direct or oonsequendai,in connect�on with .- _ .--:_ _, �-.
<br /> �-- . - -- � atry condemmation or other takia$of aay part of the Pmperty,or for aomreya�oe in pIase af wndemnation,are hereby - - -
<br /> � asslgned and shail be paid to Lender to the estent of the fiill amount of the indebtedaesg that reinains unpaid under • , •
<br /> . the Note aud this S�arity Insdvment Leadet shall aPPly such proceeds w ttie reduction of the indebtedaess under '-` � �
<br /> � � . the Note and th�s SecurIty lnstrument,fi�st to any delinqnent amonnts applied in the order provIded ia paragraph 3, . . `
<br /> . _, ; aad then ta pregayrnent of prindpaL Auy applicatinn of the proc�aeds w tite princ3pal shall not eatend or postpone -� _
<br /> ` - tite dne date of the monWty payments,which aze referred to in patagrapH 2,or change the amonnt af suc�payments. '` . _ -
<br /> '; � . '• Atry exaess pracee�s over an amormt reqnired w pay all ontstandi�ng indebtedaess nnder the Note and this SeWrIty -• •".�� �,
<br />'� •, � ;� Instivment shall be paid to the entttq 2egalty entitted therew • :`_�°�..,.:.'.
<br />.,t. ' . , . .t 7 �3I�CSi ZO$QIIQWPd'dIId�L01�OI1 Of�Pd'S�Y�S��1B ptO�i 9 �OSOW?.7 S�113y Su gOVCTL2IICII� . ' `;F� .,.r- ..
<br /> � •. • ` or mnnicipal c�arges,Snes and imgositions tbat are not indIIded in garagraph 2 Boaawer sbaIi pay ttiese abllgations - ,- -``� �¢=-
<br /> - . .. . _; on time directiy to tIIe entity whicd�is owed the paymeni 1f faiinre to pap woald adveisely affect Leadet's interest in . —
<br />_ ' the Property,npon Lender's request Bortower sha11 promptly fnmisfl to I.eader receipu evIdenctag these payments. �'�'�� - , . '�
<br />- = If Bomawer fa�7s to make thcse paqments or thc payments required bY P��Ph 2.or fai�to perform.aay ottter . ;�`.�
<br /> . mvenanu aad agreements wntained in W�s Secarity Insuament,or there is a legal pro�eediag that may signifcantty *��-_::-
<br /> .. :� affect�nde�s rig6ts in the Property(sach as a praoeeding ia bantaugtry,for oondemnation or to enfone laws or �:: � r __
<br /> l " re uons ,then Leader ma do and whatever is to miect thevalue of the Pro e and Lender's rI ts �,!��
<br /> : 8�� ) Y Pa9 IIec�az1+ P P riY � -#
<br /> �� . � i n t h e P ro e i a c t u d i n ent o f t a s e s,h a r a r d i n s u r a nce an d o t t t e r i t e m s m e n t i o u e d i n h 2 •�'':T-
<br />;-,- P nY+ 8 Pa9� P�S�P �::�-.
<br /> ,�f . . Ai►y amonats disbntsed by Leader uader this paragraph shall be�ome an additiunal debt of Borro+wer and be : .. ,�:t;��:.=
<br /> : secaresi by tt�is Secority Insmmten� These amounts shall bear interest fiom the date of dTsb�usemeni�t the Note rate. '� �:�,:•�
<br /> �_�._�.:..:
<br /> ; .` , and at the optIon of Lender sball be immediateiy due and payab2e. � -;:�;
<br /> Bormwer shall promptiy disct�arge any Hen wt�ich has prtoritq over this SecnrIty Instrument nnless�ortower:(a) ` � _
<br /> �+ � _ agrees in wrlting w the payment of We obligatton secaired by the lien ia a n�ner acceptable to Leader,(b)wntesis '�` ,
<br /> " ia good faith the liea by,or defends against enfon�ement of the Ifen in,legal procxedings which in the Leader's opinIon � `. ;,r''`�=`
<br /> : operate to prevent the enforoement of tt�e Iien;or(c)seaues from tiie hotder af the IIen an agreement satisfactary �:��""''_'
<br /> � to Lender snbordinating the lfen to Wis SecorIty Insuumen� If Leader determines that auy part of the Property is ' � -
<br /> �;;t . . . ,=_�_�
<br /> � . snbject to a lien which maq attain prlority over this Security Ins[rament,Lender may give Borrower a rtotIce ideatifqing '. �:�::•-:.:_::--
<br /> .'s:= the lien. Bormwer shall satIsfy the IIen or take one or more of the aaions set forth above witbin 10 days of the givIng = �•=�'��
<br /> . � . . o#notice. _ :-�e-
<br /> - _ . 8 Fees, Lender may wllect fees and charges suthorized by the Secretary. .. , -, ''�. `�R-.
<br /> - 9 (imunds for A�oedcaatinn of DebL -- - - ••�<.;;,
<br /> - -- •- -_� — ^..;��f.
<br /> � � � (a) Defanit LenQer may,except as llmited by regulatIons issued by the Secretary in the case of payment - w.
<br /> defanits,reqnire immediate payment in fall of all sums secured by tIds Securlty 1nsWment i� • � '�`'�
<br /> • (i) Barrower defanits tsy faillng to pay in full aay monthly payment required by thls SecauIty Instn�ment � ' . '.:�.'`
<br /> _ prinr to or on the due date of the next monthly payment,or . .;.�,_�.
<br /> _ • • (i� Borrower defaolts by failiag,for a period of thlrty daqs,to peifonn airy oWer obligat�ons contained �--
<br /> - _ • in this Secortty lnstrnmen� . ��;': >;•�.•
<br /> �: ' '` (b) Sate Wi1h��CYedit Appmval. Lender shall�iP peimitted.by applicaDle Iaw(including section 341(0)of � -..:
<br /> '�•:,,_, , � the Ciaru-St Germain Depository Institutions Act of 1982,12 U.S.G 1701j-3(d))and wiW tlte prIor appmval . ;, {,.
<br /> :;�,,'• .� / of the Secretary,require immedlate payment in full of aU sums secured by thL4 Securlry Instrument iL �� � .'`:;`
<br /> • . (i) All or part ot the Property,or a beneHcIal interest in a uust aoming all or part of We Property,is soW � �"" �. ��
<br /> . � •i or oWezwise transferred(other tLan by devise or desvent),aad .
<br /> � � �� • � (ii) The Property is not aocupied by We purchaser or grantee as his or her prIucIpal resideace,or tiie . ..
<br /> �.�� purchaset or grantee does so occupy We Property, but his or Der ctedit has not been app:oved in � �
<br /> � � aa:ordance with the requirements of the Secretary. :
<br /> � ' ;�� (c) No Waiver. If circumstances occur that would permit LenQer to requite immedlate payinent In full,but � ������.
<br /> .° •` • Lender does aot reqvire such payments,Leader does not waive its rigtits with respect to subsequent events. � '
<br /> 1�,� (� Regalations of HUD Secietaty: In maay clrcumstaaces regulat�ons �ssued by the Secretary will llmit •�
<br /> ' " � Lender's rIghts,in the case of payment defaults,to require immediate payment in fiill and foreclose if not paid. . •
<br /> ThLs Security Insuument daes aol authorize accelerat�on or foreclosure if not permitted by regulations of the
<br /> . Secretary. .
<br /> rY.
<br /> , (e) Mort�e Not Insai+ed. Bonower agrees that if thls Securiry Inswment and the Note are not Qetermined �
<br /> to be ellgtble foi insuranre under the National Housing Act wIWn 60 DAYS from t2te •
<br /> . • date hereot,Lender may,at its opt�on requlre Lnmediate payment in full of aU sums secured by W)s Security
<br /> •• . � . � Instrument A wrltten statement of a�r suthorized agent of the Secretary dated suDsequent to • •
<br /> 60 DAYS from We date hereo�declining to insure Wis SecurIty Insuument and the Note,sflall be
<br /> °. .jdeemed conclusive praof of such lnellgib911ty. Notwithstanding the foregoing,thls option may not be exercised � � . .
<br /> � by Leader when the uaavallability of 9nsurance is solely due to Leuder's failure to remit a mortgage insurance
<br /> �I � � � � premium to the 5ec7etary. . � ;
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