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<br /> < , ; , Security Iasuument.. Lender shall app�i such pmcceds to the teduaion of ttne indebtedness under the Piote and this Securlty .
<br /> ' . ; Ias[rument.Srst w a�r delinquent amowms applied in the otder piovided in P�S�Ph 3,and thea w PrepaYmetu of princ[pa1 � • , ,
<br /> . . ., . , � L AnY aPPiiwtion of the pr000eds to the princip�al sball not eatend or pastpone t 6 e t f ue d ace o f W e mo n t l il Y Fa Y m e n t s,w h i c h R,. ^
<br /> �• ' are re[erced to in P�S�Ph Z,or change the amowu of such payments A�r eacess prooeeds ovec aa amount iequf¢ed to r ��;
<br /> . eace
<br /> pay all oa►t5tanding iadebtedness uader the Note aad Wis Securiry Instrument shall be paid to the entiry tegally entitled tflereto. � .
<br /> � . T. Chtuges ta Bosmw�nnd Pr�toa of I�e�s Hi�sts tn the Peogzaty. Bonower sha11 pay aU gaver�meatal or ! . ;� �` ,
<br /> . . ' � , munic�pal charg�ss.t'mes aad Innpositions that aze not induded in P�B�Ph 2 Bonnwer shall pay these obUgaiio�on time �
<br /> , ' direaty to the endty which is awed the payment It fa�ure to pay arouid adversely affect Leade�s interest in the Property. ; .
<br /> � upoa I.endePs tequest Barrower shall pmmptty fwnish to I.ender ceceipts e�ridencmg Wese payments. Ir °
<br /> � . . ; If Boriow�er faits co make these gayments or t�e payments recl�bl+ P��Ph 2.or fa7s to perfnrm a�r othsr � r . . , •.
<br /> - ; cavenants and ag[eements vOIItaiIIed ia thit Se�urity in�rr�.mef+�oT the�e fs a legal pmoeedIng thal�y sigitificaatly affect ,
<br /> � • � �` � I.ender's rights in the ProPenY(such as a pmoeeding in baakrupuy,for mndemnatlaa or to enforce laws or regutatioas),thea � `.° ,:
<br /> _- - . �, Iread�r may do and pay whatever is ae�essary to psatect the vatue of the Properry and I,ende�s rights ia the Pcoperty, - -- < �._ `_;-
<br /> inrdudin�paymeni of taxes.hazatd iaguranoe and other iums mentioaed in pazag�aph L �' � .` ,-� � . .
<br /> � • A�r amounu disbuised by Lender uader this paragcaph shall become an additional debt of Eorrawer and be secured by � � , .`� ,
<br /> . thi4 gecurityr lnsuumenL These amnunts shall beaz interesc from the date of dtsbwsemeat at the Nate rat�,and at the opttan � , ,� .
<br /> . af L�nder shaU be imm�r dae aad payabl� •� •
<br /> ' Borrower shall PromPUY��TB��J►lien which haa priority nvet this Seceuuy Insuument unless Borrower:(a)a� '. �
<br /> ia aaidng to thc paymeat of the obliption secured by the lien ia a manner acc�ptable to Lender,(b)comests in goad faith , .. ' �.
<br /> . the Ifen hy,or defends against eaforaemsnt of the tien in.legal proo�din&q whicL in the Leadet's opinion operate ta prevent < `
<br /> . �4."'. _...
<br /> � the enfo:oement of the liea:os(c)secvres from the hn�r of the lien an agreemeat satisfactory to I�ender subordinattag the �
<br /> � lien to ti�is Secutily Iasunment If Lender determinRS that auy part of the Property is subjert to a lien which may attain ',. :� .<'�.�-
<br /> • : , �:.
<br /> � � '`.i prioriry aver tbiti SectuIty Iasuument,Lender may give Bonower a noti�idenatying the tfeen. Borrower st�all satisfy tise lien � . ` ' '.'` ���-
<br /> - • ar take one or more of the actioas set forth abwe withm 10 days of the givi�sg of notiice. � ;..,�:-_
<br />- ' a Fees. r�eaaer may oonea fees ann cbarges suffiorklea by we secn�azy. e. . .,.:',��..,�,�
<br /> `� 9 Gmnads for Aooeteeatton of DebA . :: �h;:
<br /> • . (a)DeEani� Lender may,exoePt as limited by regulatioas isgued bq the Secretary in the case of payment defauti�. ' ' . °::`�s
<br />_ � � . � ... require immeNate paymcm in full of all sums secvred by ti�ts Seauitsr lnstrument i� _ : � i�.�'�._:
<br />. � (�Eorsower defauUs$y ra�ng to PaY in furi atry mnnthtlr payment required by tl�SecuYity►Insaument pnor `_ _.,.�'�.+��.
<br /> . ' _ to or on the due date of tbe next monthls►PaYmeat.or ,. `,��.:�` .
<br /> . '- (�Bormwer defaults Iry f�Iling,for a period of thirty daqs,to perfarm aay other obH�tioas coasaiaed in ttds a ` �:�.;,�;�;;;.�.
<br /> . � 3ecuruy Instrument m '? �,."`
<br /> � '�`�,
<br /> .' ' • (b)Sale Withoa!CreditApproral. L.ender eha.U,if permitted iry applirable law(inciuding section 341(d)of the Oarn- r�+� � :. .�;?T�
<br /> � :-.��•.
<br /> � . , St.Germain DeposItory Iastitudons Act of 1982.12 US.G 1701j-3(dj)and wlth the prlor approval of the Secretary, � ', ' �c..`���,
<br /> require immedt�te payme�at in fuA of all sums secured by tt�Security Insuument i� � - '
<br /> . . •`,,,.,.�i�-4,,..
<br /> , . . , (i)All or part of the Froperiy,or a bene5dal iaterest in a uust owntng all ar part of the Propeny,is sold or � 4�.:%��
<br /> _ ott�vviss uansferre�(other than by devise or descent),and �� '. �,::�1-=
<br /> � (u�T��P�Y�aot occupied by the gum,Laser or grantee as his or her prfncipal residence,or the purclmser � �
<br /> or gransee daes so occupy the Progeny,but hi4 or her credit has not been approved ia aanrdance with the � . . ' � `
<br /> , requirements of the Secretary. ' ' , , .:� �;iYf.:
<br /> .:,':.�;,
<br /> • ; (c)No V�aives. If circwnstanoes axvr that would perffiit I.eader t0 require�te payment in fuD,but Len�'.�r � '_ 'r���
<br /> 1nfJ:
<br /> . • does nat requae sucls payments,I.ender does twt waive its rights wIth respect to subsequent events. � � . .'�:-
<br /> • • � (dy Rqntamta3s of 9UD Secc+etary. In maay circumstances reguladoas issucd by We Secremry wIIi limit Lender'a �. . _ 4��'.
<br /> :;��T==-.
<br /> `, rights,in the case of payment defaults,to require�mediate paymeat ia fall and foreclose if not pa[d. ThLs Security � �"�:•-__
<br /> �. Iaguument does not authorhe acaeleration or foreclosure if aot permitted by regulations of the Secretary. � ,. ��. .•.�;.�_
<br /> , :; (e)Mortg�ge Not Insared. Bonower agrees that if thfs Securlty Iaguument and the Notc are nnt determined to be � , �;_.�.;
<br /> ` . ' . � ellg�ble for insuranoe wtdet the National Housing Aa within 6 0 DAYS ftom the date hereo� .. , '_��
<br /> .:. � I.ender maq,at its option,�luire immediate payment in furi of all sums secured by th9s Securiry lnsuument A . `i:
<br /> ;.f��
<br />•''; written statement of a�r suthorbEd agent of the Secretary dated subsequent to 60 DAYS from . . . ' � Y'"
<br />`'��� , ' the date hereo�decliaing to iasure this Securtty Instrument and the Note,shall be deeme,d concdnsive proof of such . ..,�.
<br /> ..�� , Ineligi'b�iry. Notwithsstandiag tha foregoing,this op�oa nay not be excrcised by Lcader when the unava�ab�iry of � �
<br /> `� � : iaswance is solely due to Lender's fa�7ure to remit a m..^:s�ge iaguranoe premium m the Secretaiy. - �•""`'
<br /> ' 10. Retnstatement Borrawer has a rfght to be reiagtated if Lender has requIred immediate paymeni in fuU because of ' • � , � •
<br /> � Bonower's faIIwe to pay an amouni due under the Note or Uils Secudty Iaswment 't]�ig rtght applies evea after foreclosure " •
<br /> . ,` prooecdings are lastituted. To relnstate ttre Secur.ry instrnmenc.Borrawer shall tender in a lump sum sII a-nounts required •
<br /> . � to brtng Borrower's account curreni inctudfing,w the extent they are ob�g�tlons of Bortawer under thls Securlry Iasuument� .
<br /> � foreclosure oosts and reasonable and customary attomeys' fees and expenses properly associated with the foreclosure . � `�'r�`�
<br /> � 1 � prooeeding. Upon reiastatesnent by Bonower,tWs SecurIty Iastrumcnt and the obligations that it secaues shall remain in . :";t '.
<br /> . egect as If Lender had not required immedisue payment in full. However,l,cnder is noi required to permit reinstatement iL• ,
<br />",; 1 . (�I.ender has aa�ied reiastatemeat after the wmmencement of forecloswe prooeedin�wiihin ta+o years immediatety
<br /> . � preaeding the cammeacement ot a curreat foreclasure pmoeediag,(ii)reinstatement wfll preclude foreciosure on different
<br /> groands in the future,or(�i)relnsiatement will adverscly affeca che prioriry of the lien creaced by this Secnrity Insuument .�r �
<br /> , 11. Boerower Not Released;Forbtarance by Ixndcr Not a Waiver. FxcenSion of the time of payment or modifs2�on , . .
<br /> , of amortnation of We sum4 secured by thiv Security Insuumem granted by Lender to an7r sucoe.scor in inrr_rest of Borrower ' '
<br /> � j shall not operate to release the Uabtlity of the original Borrower or BonowePs successois in interes� Lvrder ahall not be
<br /> _ . • requlred to wmmence proceedinga against si►y su�essor ln interest or refuse to extend time for pt�yment or othervvlse modify �
<br /> � amonization oi the sums secured tsy this Security Instrument by reason of a�deinand made by the orlglnal Bonower or
<br /> Bonower's successors ln lnterest. An}r for�earance try I,ender in exercising a�r right or remedy ahall not be a waiver oP or
<br /> � preclude the exercise of an}r right or remed}r. � .
<br /> � 12. Successors and Assf�s Bound;Jofnt and 5everal 1JabflitR CaSlgaera 'ibe covenants and agreements of W1s ' �
<br /> . 5ecu�ry Instrument shall bind and 6enefit the succe�ors and assigas of Lender and Boaawer,subject to the pravlsions of �
<br /> � '. � paragraph 9(b).Barrosver's crnenants and a�eements sha11 be}olnt and severaL Auy Borrower who co-slgns this Security �
<br /> `,�. ` lnstrumeni but does not exccute the Note:(a)is casigning this Secnrlry Insuument only to mort�ge,grant and comeyr that
<br /> Bonower's interest!n the Properry under the terms of this Security lnstrument;(b)is not personall}r obHpted to pay the sutng { •.
<br /> secured by this Securiry lnstrument:and(c)agrees that Lendcr and any other Bonowcr may agree to extend,modify,farbear I
<br /> ._ or make any aceammodations with regard to the termg of this Securlty Itutrument or the Note without tb.tit Bonower's ; ��
<br /> wnsent. : �
<br /> t�art�^iu►-t�tu►nK.�o o��xusr(� .
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