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<br /> • My �mounK di3bur��d by Und�r untf�► tnls Pwlpnph efi�N bOCORN �n �ddAbn�l d�bt 01 Borrow�r �nd b�11�our�d by
<br /> thls S�curNy Instrument.Th�s� amounta ahsll 6t1r hlKSSt fram lha d�l� of d�sbur��m�nl �t Ih� Not� ral�, and et ih� optbn of
<br /> Lendu,shtY W knmedfat�ity(3u��nd paytbh.
<br /> BarovrM fhaK promplq dkoha� �ny li�n whkh h�� prbrily ovR ihls S�cur�y In�trurn�nt unMts Borro�w�r: (1I) �M1 h
<br /> vnklnp l0 th� p�ymmt ol the oblq�tbn acur�d by Ih� IMn In �rr�nnK�cc�pt�bM to Unwr;(b)conutu In pood I�Rh th�ryn
<br /> by, a dN�nds �hit �►torc�n�nt of tho IMn in�4�Id proCMdhO� whfCh h Ih� UndK'o ophbn op��t� to prw�nt Ih�
<br /> rnforcMf�nt ol th� N1n; or(o) s�euns hom th1 he�blr of th� INn �n �prMr,»nt utl�hctory to La�dM�ubordlnatinp►M M�n lv
<br /> tht� S:curlty Instrument, If Lender d�termhe� tAdt nnr paA ol th�Propvly Is tub�oct to a Ikn whbh rtNy �tt�h prlorqy ovN th�
<br /> Seourpy Intbument,l.�nd�r may phr� BorrowK�notk� idM�tNyinp th� I»n. 8ortowlr sh�N satkfy th�N�n or hk*oM o�marl of
<br /> th��ctto�s��t forth�bow wRhln 10 d�yi af ttx p1vY�p of not��.
<br /> d. FQQ�.I.�nd�r rn�y colMct te�s md chupea wthorl:eC by the Secretary.
<br /> 9. G�ounds tor AccelersUon of Dett
<br /> (�)DQ1�111�. L�nc1M mtY� �xo�D�ae linit�d by npu�tbns issued by th1 Sacntary In th�oAae ot paymmt dNauts,
<br /> raqulr�hrnWfat�p�ymw�t In tuM o1 aN ium9 ncurod by this SocwRy In6trumpnl N:
<br /> (i)gurowM defaukf hY h4inp to pry in alt �ny monthy ptymMt nquPst! 6y thK 3�ourky Infhummt prb�to or on
<br /> tl»dW dat�of tM n�oct mOnthy ptymin6 or
<br /> (i�BortowK dM�uRs hy hYinp,tor t porloA of thirty days,to pwrtorm Iny othw obltpatbns contaMHd In thk S�curRN
<br /> Instrummt.
<br /> (b) SNe Without Credtt Approval.L�ndK sh�Y, Y prmktsd by 1ppMO�bM kw (InCUdinp s�Ctbn 341(d) ol ih�
<br /> QunSt(iwmah OiposNOry Inctituttons ACt ol 1982, 12 US.C. 1701 J�3(d))t�d wRh thr prior apptoval of th� S�CnMaY.
<br /> nquin Imm�dM�te payrrwnt h NA of aY Ih� aums s�cund by thb Sacurity Inttrum�r►t M:
<br /> (q AN u p�rt of th� Prop�rty, or� bnenckl ht�nat h a trust ownlnp nN or part of th� PropKty, Es sold o�
<br /> otA�wlse transhrred(other than by devKe or descent),end
<br /> (i�TtN Propaty is not occupiad hy tho purchaser or prantee as hls or hsr pnc�lp�l rasldsnce, or th�purcAaslr or
<br /> grpntee does so occupy the Property, but his or her credk has not been �pproved tn �cCaYfanc� wkh Ih�
<br /> tequir��wnts of th�S�cretnry.
<br /> (e) No Wa(ver. If ckcumstances xcur that wouid permk Lender to rQqufre knrtwdi�t� paymant in 1uM, but L�M�r
<br /> das not nquln such ptyments,Landw Oas no!waMe ks riphts wkh rospect to subsaqwnt wents.
<br /> (d) Repulstions of HUD SeCtetary. In many CfrCUmstanCOS rquatbn8 issu�d by th� SeCrAtir�/ w�M Fnk
<br /> L�nd�� riphts, In tA� c�sa of payrtwit d�hult�, to nquin Ynm�diat� p�ym�nt in full and foncbs� M not pdd. This
<br /> S�curNy InaVum�nt does not authorize�ccebratbn or forecbsure if�ot prmittad by ropulatbns o1 th�S�cntary.
<br /> (e) Moftyll�e I�iot insure�. 9oROw�r�yrMS mu ii cna Socuray inai�u�r�;t .�;3 tA:tia�sr: ssat �.-�''�t^
<br /> b��Wp�M for inaunnc�und�r th�Natbnal Houshp llot wdhin Ot dayi L901 trom th� daM h�rwf, L�ndK
<br /> rruy,at ks optbn rput�fmm�dkte p�yment fn NY ol all suma securad by this Security Inatrument. A writUn sut�nMnt
<br /> of any authorized spent of the S�cretary dat�d suhsequent to�of dayi(�0) hom che dat� hKeof, d�cNnhp
<br /> to Insun this &curity Inttrum�nt a�d Ihe Notfi,ehall de deanad concbaHe proot•of suah InrliObWtY• N1otwMhetandh0
<br /> tM fonpofnq, this optbn may nat be exarobed Gy Lenda when the unawl►nbluty of.ineurancs Is So1My due tn L�nd�s
<br /> t�s��rw�e rnnit a mortwo�insuranca premium to the Secrotary:
<br /> 10. R�eln�tetemen� eorroww has s ripht to be reinsteted 'A Lender has requted Immadinta p�ym�nt in /ul bocwt�of
<br /> 9ortow6r'i fsUUrg to pay an amount dua und�r the Noto or thls SeCUrNy Instrument.This ripht appli�s svan aRM ioncbMx�
<br /> p�oc�,fing= ah hstkut�d. To rehsUte the 3�curNY�nsaument, 8orrower sheM Iendor in a lump aum aN amounts roquind to
<br /> brYtiy 6otrowwt �ccount cumnt fnoUdhp.,to th�exbnt thay are obli�atbna af 6orrower und�r thlc S�curily InthurtMnt,
<br /> foreobsure costs �nd n�aonibM �nd oustomary attomay's te�s and expsna�s properiy assoort�d wkh th� fonebwr�
<br /> proc�pdinq.Upon rehstatwnsnt by Borrawor, this S�curfty InatNment and ths oblip�tbna that R securee shaN nm�b h Nt�cl as
<br /> � M Und�r had not nquM�d Imm�di�t�paym�nt h tuL Mowwer,Lender h not nqutred to pamit rehsfetertNnt M: (q Und�r►ws
<br /> acc�pbd rNmt�t�n�nt Ntar th� comrt�nc�nwnt ot tweabsurs proceedinps wRhin two yaars hxrNdytety paC�dhO �M
<br /> eortrn�ncMn�nt of R eurrant fonabsure procoedhy,(fi) rehstatsme+►t will precwdo lorecbsure on diMeront prounds In tM /Nun,
<br /> or(i�n„:ut�rt�nt wiA adv�rsoy afkct thA priority ol the Ilen craated by this Security Instruma�t.
<br /> 11. 8arower Not Rele�sed; Forbeannce By Le�der Not a Walver.Extonsbn of th�tlms ol p�ytrnnt or
<br /> modNfcation of unortizatbn of th� sums seeurod by thls 5ecuriqr Instrument prented by Lender to eny succsesor h fnt�wt ot
<br /> BortowK ehaN not operate to robasa the Ilnbl4y ot tna oripinal Bortower or 8orrower's successor h IntKast.L�nWr shtN nM b�
<br /> raqut�d to aomrcwnca prx�edhgs ayalnst anr succas8or h hterest or refi,se to ex{end time lor paym�nt or othawia modity
<br /> unortia�tbn of th� sums saourod by t�is S�cu�iry Instrumw�t by reason at any demand mada by tha orlpinal Borrovwr or
<br /> BortowM's succsssors In Interost. My torbearcnce by Lender In exerofsinp any ripht or remedy sh�N not be �waH�r ol or
<br /> pnclud�th��xprcise of any rlpht or rwrwdy.
<br /> 12. Succe�eora and Aselqns 8ound; Jofnt end Several Ltabiilty; Co-s�pners. The ooNenants�nd
<br /> apreM►�nls Df thks Securfry InSWme�t shall bad and trenefk the SucCessors and essiyns ot Lender and Bor►ov�er.Subjoct ta th�
<br /> provisions of P�rnqroph 9(b). 8orrow�ar's oovenenta end oyreements shall be Joint end several. Any Borcower who caslpns thb
<br /> ' Sacutlty Instrum�nt but does not ex6cule thu Moto:(a) Is casqnlnp thlS Seaurity In�trument ony to mortpaqe,prant and aonv�y
<br /> tAat Borrowor's Int�rsst (n the PropeRy under the lerms of this Security Instrument; (b) is not personally oblipated to pay tho
<br /> sums seCUrod by this Security Instrumant; end (c)agrees that Lender and any other Bortower may aproe to excond, modHy,
<br /> for!»lr or mak� any aCCammodatbns with reperd lo the term ot this SeCUrity Instrument or the Note wRhout thnt 8orrowe�s
<br /> Con�nt.
<br /> _�_�.,�.......�.. -�w.r nr A�maYhn e
<br /> iJ.i�oUGOS.imy notics[o norrower provideo F4i:i i.`�w�e6J�n���.o.:d�.—,<;n a........y..�...., �._.-•�'- -- - -
<br /> by flrtt orsa maG unass applicable law reQuins use of another method.The not�e shall be dkected to the Properly Address or
<br /> any other addross Bortowsr desipnates by no1'ae lo Lender. My not�ce to Lender shell be glven by lirst atass m�A to Lend�r's
<br /> addnss 6hted Aere(n or any address Lender des�nates by notice to Borcowar. Any not�e provided tor in this S6eurky
<br /> - InsWment sht11 be deented to hflve tleen pivvn to Borrawer or Lender when gken as provlded h thfs paraqraph.
<br /> i 4. Governinq I.ew; Severe�bt[ity. Thls Security Inst�ument shan be governed by Federel law and tha kw d the
<br /> Jurfsdbtbn r� whfch the PrOpeRy IS bCeted.In the event that eny provision or clnuse of lhis Security Instrument or the Note
<br /> FbNALMO(6/01) Pap�7 0l 5
<br /> _ 585
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