|
.��f.� ., .. . . .. . �_-. -
<br /> _ , �'� .. . - � � - _� _"__
<br /> '+� . . .."♦ . . . ,:. ' . . ' .�.�--��f�"�..
<br /> Tk"t�'.�i�;'_
<br /> ,1'!�'.�.0 . .f�.���:�.� .. �) . ' ��.tiY��T'-�':�_ .
<br /> , .
<br /> .
<br /> • ' . . . ...Y.__ . . ___ __—
<br /> - - .�"/� +� ',' r � �,. . - .TUe"'4tt�J�..�...�..��.. _ . .
<br /> •�. .
<br /> � .
<br /> � ..�����xr.• '_".
<br /> � � .�' .___ �
<br /> , . .. � ,..�:�1�111�� . ...-_..,r *r-r_ � r -�+� --�
<br /> � . , ...
<br /> ..., . _..
<br /> �a.7
<br />--= My�rtwunl� dkbunKl by L�ndu undM fhM P�nptph •heN b�cortN�n�ddNbnal d�bt ol Bortow�r�nd b� Nc�nd by
<br />��K thb S�curky In�uummt. Th�a umounl� �h�M Wu Y�I�rN!kom th�d�t� ol dNbursM�wnt U th� Nol� nte,�nd �I tM optlon oi
<br /> Landar� �htA W Yixll�dlatily dW�nd pay�bk, -
<br /> _� BoirowM �haM prOmplly dkoh�tp� �ny Wn wAbh haf prbrlty owr !NM S�CU►Ny InsUum�nl unwt� BortowM: (�) �prN� In�
<br /> wrNnq to th�p�ymml ol th�oblqatlan acund by lh� Wn In � mtnn�r�cCl(�ubts to L�ntMr; (b)Cont�tt� h p0od hkh tIN INn�
<br /> R� by, or drhndt �p�h�t �ntorow�nt of th� N�n in� I�p111 proCMdhpf whbif h tM LM1di1'� ophlon oprnt� to pr�wnt tIN 1
<br /> � mlorcKrnnt ol th� I4n; a (o) t�ourw kom t1►�holdw of Ih� Wn �n p�«n�t�atWlwtory to L�nd�►wbordlmtinp tM im to
<br />—g,'� thb S�CUrNy InstrumM►t. II l.MtdM dNMmkiN Ih�t�ny put ol tN�Prop�rty N subJ�Ot t0�MMI whbh may�ttNn prbtNy Owr thk M _
<br /> S�curky Inttrum�►t,UndK rmy Ww Barow�r�no►lo� kfwu�hkW lha f'wn•Bo+�rcwar 4twp patlary tha IWn ar Wko one or mnre of �
<br /> �.� th�actionf s�t Mrth�bow wkhh 10 days of tM pkhp ol notia. �
<br /> _� 8. F�l�.l.�ndM tn�y aoN�ai NN�nd ohup�t wthorix�d by the S�cntary
<br /> � 9. Qrounds for Acc�ter�tbn of Deb� �
<br /> -„ (�9 Dehult �.�nd�►may. �ooc�pt u Nmibd by npuktbns k�u�d by th� &arst�ry In th�cas� of p�ymmt dM�u1N,
<br /> - ' rpuin tnrtNdkt�paymw►t In bN oi�N wms Ncund by thN S�cu�1y InlMUmmt If:
<br />-� p}8ortowK dM�uks 4Y ailinG to p�Y M wN u►y manlhy p�Ymmt nqulnd by this S�curky Inatrum�nt prbr to or on
<br />=� th�dw dat�o}tfu n�d monthy payrtNnt, or
<br /> � (W)BortowK dNauks by klBny,for a p�rbd of thirty d�ys,to pKfonn any oih�r obYp�tlons ContaYUd h thfs&curily
<br /> — InsWmmt.
<br /> (b) Sfl� Without Credit Approval.I.�ndM th�M, M p�rmilt�d Dy�ppYC�bw law (ineludhp NCtbn �41(d)ol tM
<br />� (i�mSt Ci�rtnain O�otkory inttkutbns Act of 1902, 12 U.B.C. /701}�3(d)y �nd wRh th�p�ior �pprowl of th�S�CrM�ry,
<br /> -- roqu(ro Yrurwdfqt�payrtant In htp o!a1 the suma seeurod by thN Skur�y k��tnun�nt Ih
<br /> (q AN w �wt Of th� Ptopwty, or a benMickl ht�at h a wst OwnYp �1 or pvt of tM Propwty, is wld a
<br /> othKwk�hanshrnd(otMr than by devls�a d�sc�nt),�nd
<br />_� (A)Th�PropKty Is not occupkd bY th�P�+���►a O�IM u hM or Mr principd�W�nc�,or tM purchaar a
<br /> ynr►tM dw� so occupy tM PropMty, but hk or h�r cndt hu not ba�n �pprowd fn eccad�na wRh tM
<br /> = nqulr�rtMnts of th�Socntary.
<br /> (c) Na W�lver. u circumst.n�»� occur a►a� woua p«mK �.naK io nqur. r,rrwdt�a paym.nt h tu�, but�.nd.r
<br /> da�s not nqulro�uch paymmtt,L�ncMr doK not wdw its riphts wRh rKp�ct to wb�p�Hnt�wnb.
<br /> (d) Requlatlons of HUD Seeretery. in m.ny arcumaanc� rpuytfons �w.ct by �h. s�cnw�y wM Mmk
<br /> Und�� riphl�, In tM cas� of ptynlN►t dM�ukt, to raqu�+ hxr»dlaM paYmmt In lul �nd Mnabp R n�t patd.Thk
<br /> — S�cwky inttum�nt doa not wthoria��ccM�ration a Mncbwn M not pK'mkl�d by npi�tlons of th�B�Wy.
<br /> = i�l IlAortgag• Not Inaurad. Bmroww o�arM�M�t M thM Sawity Inslninwnt�d tM NaN w not dN�n�d to
<br /> — b�Np6M lor fntunnc�und�r tM IV�tbnel Houshp Aox wkhh�,► of dw� (90,�_hum d►� d�M hrrwt, l�►d�►
<br /> — mq��t Ib oprion nc�,tr trrn�df�M paYment h IuN of aN wnN s�eu�d by tAN S�curkY In�InxmnA A wrRlon stiMmmt
<br /> a.ny.un,a�.d w«n a a►.s.c�w.n�aaud wb..a�,snc�o �of g�(90) rrom cn. a.a n«.o�, a.cr�yw
<br /> to Insun MM S�cwihr Instrummt�nd tha Nob, sh�N b�d�nad cawlusM proof of wch MMNpbIRy. NohvMhsqindirp
<br /> tM Mrp0lnp,thM Optlon rtutY not b�wKOkad Dy I.�ndu wMn NN 4n1u�NlbNtY of htutarwy N sOiNy dw to l.M�d��
<br /> qNun to nmlt a morfp�p�hwana premium to th�S�cndry.
<br /> � 10.ReinsGtem�n� eorrow.r nas� rqnt �o M ninstat�d if Und1r h1t nquY�d Ym»drb paym�►t M fuN b�CwN of
<br /> BortowM'� hNun to pay �n �nwunt dw unda tfw Not� or thk S�u►ity InsWm�nt.Thk ripht appliN �vMf NE�Mncbsun
<br /> P►ocMdNps �n Inttkutb. To ninsua tM S�curitp Instrummt. 8ortowK�hal Nnd�r in a kxnP �um �1 rrwunts nquind to
<br /> nrYp 9arow�r• .ceouot cumnc r,awdr�, eo eh. .ocMne ch.�r an oblip�eion� of eomow.r und.r tnk s.cur+ey Instrun.nt,
<br /> foncbsun co�b md nason�bN �nd cu�tom�ry attarw�ys Ma �nd M�nt�s prol�ry aasocrMd wMh IM bnolo�un
<br /> proCMdYp. Upon trM=talMrMnt by BotrowM,thil SrCUr1y MsWmNtt and th� oblpations that R t�CUriN thal rMnaln In rM�Ot u
<br /> M l.�d�r had not nqulnd �dkt�paymmt M fuL HowwK, I.mdK k not nqu(nd to p�mR ninttaMm�nt Ih (q L�ndu h�s
<br /> accapt�d rNntbt�rtMnt dhr tM cantinmanMnt of fonobsun procMdtrW� wkhh twa yrars im!nrdMtsy pnc�elhp th�
<br /> cann�newrMnt ol�curnnt foncbsun P��O�(M)»h�tat�►t wIM pncMrd� loncbsur�on �IM�ront prounAs in th�lutun,
<br /> or(fW)ninttat«rMnl wYl�dwrsNY afhct th�prbrily of ttN IMn cn�t�d bY Rhk S1cu�lty InsVwrwnG
<br /> 17.BorrpnrK Not Relessad; Forb�ar�nc� By Lend�r Not i Waiver.Exan�an o�tn.crM or�ynwnc or
<br /> modMfcatbn �(�matiaaHm o(tM w�m Ncund by thN S�curky Insburtwit pnnbd by L�nda to any suoo�tsar In intwst of
<br /> Bortow�r�h�N not op�raa to nlwa th��bWy of th�atpMal Bortow�r a Bortow��succ�asor h hbn�t.L�ndK�hal not b�
<br /> nquind to co�nrr� proeMdhat tp�tnst�ny wx�s=or h hNrott a nlus�to �nd tMm for paynwnt or otMrwis�modly
<br /> artwAiratbn o1 tM tumt s�CUr�d by tht� S�curty I��WnNnt by rM�on of�ny dmMnd tn�W by th� otlDYul Barow�r or
<br /> -- Bqrow�� woC�t�ots M hMnsG My lorbw�nu bY �� h ��„7 �y �t a ►�dy thal not be a waNa of or
<br /> pnclud�Ih��rotq ot ny�ipht a wrr»dy.
<br /> 1�. Succ�aor� ��d As�t�ns Bound; Jolnt �nd S�vKat Ltt�bitlty; Co-NpnKa rn� covKw�a .nd
<br /> opn�nNnn of MM S�aurly In�hum�nt sh�N btnd�nd b��Mlt th�wcc�son and�ssbns ot L�nd��nd BoROV+K�subNct W iM
<br /> provision� of P�npnph 9(4?. Borrow�s cowrwits�nd�pnMrnntt sht� b� Joht �nd swKal Mr Barow�t who casipn� Mk
<br /> S�curity Intbwn�nt but das not�orscut�th�NoEr.(�)k Coafpnlrq thk S�cu�MstrurtwU ony to mo+tp�p�,pru�t�nd conv�y
<br /> -- thal Bortow�s hbr�t M th�Prop�rty undK the 61rms of thlf SoturNy Inthwn�nx tb) is not perto►NMy obl�t�d to p�y th�
<br />--- wmt s�curb by Mk S�CU�y Insl►wn�nt; �nd (c)iprws th�t LnndK �n0 �nr o1Mr BorrowK n►�y �prM to�ocMnd.modYy,
<br /> fabMr a m�k� �ny accommod�tfon� wkh n�rd to the Mrm of thk S�curity InsburtNnt or th� Nob wRhout th�t BorcowK�
<br /> cons�n�
<br /> 13.(�10UCQ�.M1r notia to 8arow�r proviWd tor h this S�curity Mtuaunlnt thaN b�pM�n by d�WKhp R o�by en�i�p k
<br /> "'— by Nrst c�ss m�Y unbss�pplicabl�Itw nqulra us�of mothK m�thod. TM notfc�Ma�b�dWct�d to tM PropKty Addnts or
<br /> .�- �ny othK addnss BoROwK dalpn�ta by notkr to L�nd�r.My notiw ta L�nd�r ehaN D�yk�n by flrst ct�sa maN to Und�t� _
<br /> - addnss s4Ud MrNn a �ny �ddnss Und�r dKlpn�� by notbs to BorrowK. My notk� provldW br h this S�curRy =
<br /> Instrum�nt sMl b�d�snMd to haw W�n pN�n tv Borrov+K or Land�r wMn pMn at provk�d h thN panp��ph. _
<br /> �='9 14. Governinq law; SlVfr�bllity.ThN S�CUrky Ih�WmM�t thap b� pov�rMd by F�dr�l i�w �nd tM I�w of tM _
<br /> �� wrkdictton (n whbh th�PropKty i� bcat�d. In th��wnt Ihat �ny provkbn a c�us� of thk Socurky InsWmmt or lM NoO�
<br />��� �
<br />�..-A -
<br /> '�`� Fs�,aLNa(v/Nl ',p•0 ot 6 _
<br /> ��_,� _.
<br />--•.„.,_� _.
<br /> ax '
<br />
|