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<br /> , . .;� My �mounte dkbursod by Ur►du undnr thln Parnproph ehall b�come an addkbnel dabt ol Borrow�r�n R�aur y
<br /> , _ k tM� S�curRy Instrumsnl, Ths�o am�unts shall benr hterest from ths daN o1 d��6ursoment at lhe NOte uts,md dt th�optbn of �.�`�
<br /> L�nd�r,ahaN ta�knm�df�t�y dus�nd peyable. ' ±,..
<br /> � � BOrrowM �haN prOmptly dtsCh�rqa any IiM whbh hat p�br{ty ovN Ihla S1CUrRy Inalrument unlsee Bortow�r. (�)�p�Na h
<br /> '` wrMhp to th� p�ymMt o1 lhs ob�q�tian aecund by th� Il�n fn e mann�r�ccspt�ble to Lsnder; (b)conusts h paod faRh lhs I'rn
<br /> _ � � by, or d�hlndf �y�het �ntorc�t of th� Ii�n In, MW� P�ocNdhps whbh h th� Lender's opinion apKat� to prw�nt th� -
<br /> �nforc�n�nt ol lh�Ibn; or (o) e�curot hom ths hald�r of th� Ihn an ayrNm�nt aatisfactory to LenWr 6ubardintttny ths IMn to
<br /> ?�� thh S�curi�y Imlrumont.II Londar dutorminos that Cny �art of ihe Propsrty 19 sub�ecl to a Ibn whfch mty altt{n prbrky owr thb
<br /> �?� S�curky Inatrum�nt Und�r maY Olw 8orrowar 4 rotic� Id�ntKyhg ths Ibn. Bortow�r ehall aat{sy th0 14n or Ink�one or moro of f,
<br /> :-'.;�'�-�f _-
<br /> � th�aotbns s�t lorth abow wRhh 10 d�yt o}th�pNhp of notfc�. `
<br /> 0. FcO�.Lender rrwy colNct twa and ch¢rpes authori�d by the Seor4tary.
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<br /> : r ,r 9, G�ound�for Acceleretbn of Debt. �-
<br /> "`'� (tl) 001�UI1. Lender may, except ea 11raRad by requlacbns issuod by thn Secretnry h the cise ot paym�nt d�fauks.
<br /> - nquir�ImmedlAtA payment(n lull of all eums sacured by this Security Instrolmnnt M: o- --
<br /> � (q gartower defauRe by talhg to pny in full any monthly paympnt requlred by thiA Soaurky InsWment prbr to or on
<br /> ' � � the due ddts of the nsxt monthfy payment,w
<br />--�.- .. (Iry 9t�rcow�r defwke by hutnp,(or a perbd of thkty days, to psrPorm �ny o!hnr oblfpatbns cantclned In this Seourity
<br /> ',, � "��'.: � Instrument.
<br /> `="��.;�r�,;-':; �OVaI. Londor shnll, R p�rmittsd by apPlicabb law(hcludhp soctbn 341(d) ot tho
<br />__�.. (b) S�le Without Credtt App
<br />-i.r: pyn y1 Q�rmah O�pository InstRutbns Act ot 1982, 12 U.S.C. 1701J�3(d)) end wRh the p�br�pprovitl of th�Sscroury,
<br /> - �`��' •.` requtn hunsdM�ta peyment In IuN of a11 the sums cecurad by thls Security Inslrument M: _
<br /> °�"���u.r� (q AM or part of th� PropeRy, or a benifbfsl hterYSt N� a trust ownlnp nll ar ptrt of th�Proparty� Is s01d or
<br /> � ':� �� otherwfse tnnsie►►ed(other than by dev�se or descent),and
<br /> . : •
<br />` .,r.;�;7;±� (A)Th�Proparty is not occupied by the purChsser or prantee as his or her pnc�ipal resldence,or the purohacer or
<br />- prantw does so xcupy tha Property, but his or her cred'R has not been epproved in �ccordanc� with th� _
<br /> ��';:'.;•�, wquWnwntB ot the Secret�ry.
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<br /> -_: (C) NO WIIIVEt. If ciraumstances occur thet would permit Lender to require immediate ptymwit fn lull, but tsn
<br />�-�.,��,`:�F� dws not nquka such p�yments,Lender does not wabe ite ripht6 wtth respect to subsequent nrentt.
<br /> _�.�-r:�•'� (d� Requlations ot HUD Secretery. in many ckcumstances repuintbns issued oy rn• Socreury wu� umn
<br /> 4� '' Undu's ripht6, h the case o} payment defaufts, to requke knmedlate payment In fuY nnd IorecbS� M not p�id. Th{s
<br /> -';:!t%_.
<br /> -'��. S�curity Instrument doee not wihorae accslsratbn or forecbsure H not permkted by rapulattona ot lhe S�arNary.
<br /> - �o- `{� (e) Mortysye Not Ineurod. Borcowx syreea tnat x tn�s�curay inniiu���i asid:�:!:at�ae not �±et!�+�� eo
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<br /> '"����+ b��Ilpibk tor hsurance undu the National Hous�ny Aot wkhin A� Ot dBV�(90) kom the dat� her�of, Lender
<br />--�`�� may,lt Na optbn require immediYte payment In full of ali sums s�curKl by this SeCUrily Instrum�nt• A w�Rten 4tat�t
<br />=—+x�-�-=�; o}any authOtited ayent of the Secretery d8ted Sub58quent to � of dava(90) _hom ihe date henot, dl�Cllnlnp
<br /> w;�p�,;�� to hsure this Security Inst�ument and the Note, sha�l be deemed conclusNe proof of such helqbf8ty. NotwkhtUndlnp
<br /> �s�u+i�i t�s torspohy,thls optbn may not ba exeroised by Lendx when th�unaval�bilRy of tnsurpnce is�oNy dw to Undw's
<br /> -- -- tniluro to remR a monp�p� insuronce premlum to the Secretary.
<br /> _�Tr��� --
<br /> --- 10. Relmtetement. Borrower has a right to be rohstated M Lender has requfred knmedint�paymsnt In fup boCauta ot
<br /> �.o�.�.nua�
<br /> gorrowK's idlun to pay �n amouht dus under the Note or this Security Instrument. Th►s rqht applies w�n atta loncbtur�
<br /> - - proc�sdinpa aro hstkuted. To refnshte the SeCUrity Instrumsnt, Borrower shall tendar h a bmp sum 1Y amountt rpulnd to
<br /> Ixiny BorrowK'a Rccount curront holudhp, to the extent they are oblqatbns ot Bortowar under thb S�curky Instrument,
<br /> IoroCbsuro COats and rwson�bN tnd Customary �ttom�y's fKS �nd sxpensos properry �ssocf�tad wkh th� fonobsun
<br /> � procMdinO•Upon reinstat�nent by BoROw�r,this SecurRy Instrument and the obNpttbns that k sscuns 1ha11 nrtwin in�M�ot�s
<br /> - M UndM had not nquirod ImrrMdiate payment in full. Howwar, Lender Is not requlred to permk reinatatems�t M: p)l.�ndK hat
<br /> �ccpt�d rehstat�nt alter tha corr.mencar►ent of torocbsura pracuedlnps wRhh two Yea•� knm�diately pr�c�dhq th�
<br /> comrtwnc�t of a curra+t fa�cbauro procesdinp. (�q rshstat�msnt wllt prxkida torocbsure o� dYler�nt yrounds h th�lutut�,
<br /> �� or(W)roMatatsm�nt w1�advsrsey dfect the prbrky ot the Ifen creoted by thls Securfty Instrument.
<br /> 11. Bor�ower Not Releeted; Forbearance By Lender Not a Waiver. Extensbn of Ihe time of paymNU or
<br /> modMicatbn of unortiutbn ot the sums socurad by this Security Instrument eranted by Lendx ta my 6uccos�or h ht�rost of
<br /> ��:�� Bortowar shtll not op�rate t�rebaee the IInbIIRy of the ariphal Borrower or Bor►owsr's successor (n Intenst.Lsnd�r shall not W
<br /> —��� - rpufrsd to commena proceedhp9�pahst any successor h interest or retuse to extend tfm�tor p�yment or oth�rwis� modiy
<br /> �i�LL�� �mortisntbn ot ths sums secured by thls Security Instrument by reason of any demand mflde by th� oripinal BOrtowor or -
<br /> _-- Bortowar's auccessoro in Inta�eat. My forbearance by Lender h exeroisinp any right or remedy eha�not be a wahrer of or
<br /> -- __���' pnclude th�axercise o}eny cqht or remedy.
<br /> n-=�y tau �- 12. Suecessors snd Aasiqns Bound; Jolnt and Several Lisbflity; Co-sipnen. Tne covanancs ana
<br /> .��:r: ,
<br /> _".`.,�', �prNrn�nts ot thb S�curky Instrument shall bad and henefit the successars and Assipns of Lender u►d Borrower,subJoct to th� _
<br /> -__:;F,:..:•
<br /> .�;-.:s�:s:"._� � provisbns Of PuayraAh 9(b).Borrowers Covenents and ngreements 6hall be joint end severel, Any Bortow�r who co•sipns this
<br /> -- SoCUrky In3lNrnmt but does not vx�cute the Note: (e) is Co-slpnhp thls Security Instrumeht oNy to mortpaps,Qnet and convoy -
<br /> ,',�¢:A;~:,; 'f'} t that Bortawe'e htenot In th�Propsrty under the terms of this Securky Instrumsnt; (b) Is not perso��y obNpatW to pay th�
<br /> -t�<�-;: suma s�cund by this SecurNy Instrument; and (c) flyrees that Lender and any other Bortower m�y Ipree t0 exhnd, modi(y, _
<br /> _a � forb�ar or make any accommodatbns wkh repard to the tertn o) thls Security Instrument ar the Not�without that Bortowirs
<br /> �_:i�' cons�nt. =
<br /> ��.._..i.�..�,,. .�.u�Nn k nr hv rtullha k
<br /> ::�.r�» 13. N0110ES.My no4ic8 to Borcower proviCetl tor n tnis 5ecurRy ir�6i�a.:���. ��a....o„•.,..._, -----°. - . - _
<br /> � ` ' `�+ by tirst olASS mnll unless appucable law requfres use ot another method. The notfce shall be dkectod to lhe PropaRy Address or ■
<br /> e
<br /> - � j any othsr eddress Borcower desVpnetes by notfce to Lender. Any not�ce to Lender shall be pNen by fist cl�sa maG to Lenders �
<br /> address suted hereln or any address Lender despnates by notbe to Bortowet. Any notfce provfded lor In thls Security
<br /> Instrument 6h8N be deemed t0 h8ve been gNen to Borcower or lender when given es provlded in lhis puagnph.
<br /> ' . 14. Governing Lew; Severebllity. Thls SeCurity Instrument 5ha11 be qoverned by Federel{aw pnd the Nw of lh0 �
<br /> " JurfsdfCtbn In whbh the Property IS IoCeted. In the 6vent that any provisfon ar C�auSe o} thls Securiry Instrument or the NOte ,
<br /> ' � • - Pip�9 0l S
<br /> F6lt�.LM�(6(07) ',��
<br /> 547
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