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� �..{FG� . .1� 3�� 'ar-.�.j:�y1r t -. __,... . .r�...�_. ��,�. - - i�� S S _ . • —� ii. , �'�i J iJ4�/.��4 �ri 1.�- � ~� lt�r��uR__�� 5 �' - � '.� .. „1.i.! .w�-.:_..i iyl .L�l�{'°^1i• t.'L-�'L'ry`� '!.'� � r:.`1.._—�. " ""_ 1' lii)-w'J' �.:��r. ', � . . . . _ . . . . _ ....._... _ �'_— .. . '.. ._'_"'"_:. 1. .• .. Any �mounts dleburoed by Lender under 4his I'araqreph ahall become an ndJNonel debt ot Borrower and be secured by thle Securfty Inatrumont. Theae�mounts ehell heer intereat irom the date ol dlaburoement st ihe Note rete,and�t the option ol Lender,ehail be Immedlately due and payable. Bortower ah�ll promptly dlschupe �ny Ilen which hee prlo�ity over thls Secu�ly Inatrumenl unlesa Borrower. (a) aprees In w�linp to the p�yment o1 the abllgitbn aecured by the Ilen in a manner acceptebte lo Lender; (b)ca�stests In good fetth the Ilen by, or detenda �gtinat entorcanent o} lhe Ilen In, legtl procaedln4a whlah In the Lender'a apinion operste to prevent the enforcement o1 the Ilen; or (o)aocures irom the hotder of the Ilen an sgreemonl aiqstactory to Lender aubordhieting the Ilen to thia Securfty Inatrument. II Lendnr detemdnes th�t any peR ot the Properry Is eubJed to�Ilen whlch mey nttain priority over thls Senuity Instnimmt, Lender mey give Bortower e notice Idenlirying the Ilen. Bortower shau satlsty thcr Ilen or take one or more of� the acUons set torth�bove withln 10 duya of the gNing ol notice. ' 8. F��.Lender mny coNect lees�nd charges authorized by the Secretary. 9. Orounds tor AccNorMlon nf O�bt. 1� (a) DYfilitt. Lender may, except as pmRed by regulatlons Isaued by the Seuetary in the case of payment detaufts, �fj require Imr.,edate payment In fuN o}all oums secured by 1hls Secudry Instrummt Ih � (I) 8orrower defaults by failing to psy In full eny monlhty payment roquked by thl�Security Instrument prlor to or on � the due date of the nezt monthiy payment, or (il) Berrower dafauRs by lailing, tor a perlod of thltty days,to per(orm sny other obligations containad in thts 3ecu�iry w Instrumant. (b) Sda Witho�t Cr�dit Appraval. Lender aholl, if permttted by epplicable law (InGluding sectlon 341(d) of the Oam-St Qertnain Deposftory Institutions Aot oi 1882. 12 U.3.C. 17otj�3(d))and with the prior appraval of the Secretary. require hnmadkte payment in fuN of aN ihe sums secured by thls Security Inslrumsnt H: m NI or pad of the Properry, or a beneflclnl Inte►est In a trust awning all or part ot the Properry, Is soid or - otherwise tansterted (other than by devise or descent),and (II)The Property Is not occupled by the purchaser or grantee a�his or her principai residence, or the purcha�er or grantee does so occupy the Property, but his or her credit has not been approved In accordance with the requlrements of the Secretary. (C) No Walv�r. If c!ramstences occur that wauld pertnit Lender to roquire immedlate payment In full, but Lender does not requke such payments,Lender does not walve Its�Ights with respect to subaequent events. (d) Re�gulatlons of HUD Sscretiry. In meny circumstances repulatlons Issued hy the Secretary wNl IImR Lender'a rights, in the case of payment detaufts, to requlre immedlate p�yment In full and foreclose I} not pald. This 3ecurily Instrument does not autharize acceleratlon or forecloaure it not permltted by regulations oi the Secretary. (o) Mortg�gs Not Imund. Borrower agreea that If this Security Instrument and ihe Noto ere not determined to be eNgible tor inau►ance under the MaUonH Housing Act wnhm$u oava irom ine daie h�rnuf, L��u�; may,at fts optlon requira knmedlate payment In tull of ail sums secured by ihis 9ecurfty instrume�t. A wrftten statement of eny authoiized agent of the Secretary dated aubsequent to 90 da�, from the date hereaf, decllning to Insure thia Securfly Instntmmt and the Note, shall be deemed concluslve proof ot Suah Inellgiblilty. Notwithstanding the foregoing, thia op�on may not be exercised by Lander when the unavdlabNily ot insurence Is solety due to Lender's faNure to remk�mortgsge Insunnce premlum to the Secretary. 10. Rolnstatem�nt.Borrower hes a right to be relnstated ff Lender has requlred Immediate payment In tull becausa ot BaROwx's taGure to pay an arnount due under the Note or thls Security Instrument This right appNes even efter toreclosure proceedk�ga are InsUtuted. To relnstate the Securtty Instrument, Borrower shall tmder In a lump eum ell amounts required to bring Borrower'a account cuRent Induding, to the extent they are obligations of Bonower under this Security Instrument, toroclosure costs and reasonabb and customary atlomey's fees end expens» properiy associeted with the foreclosure proceed'+np. Upon rdnatetement by Bortower,thls Securfly Instrument and the obligotlons that it secures shall remaln In eNect as I}Lender had not required immediate peyment in tull. However. Lender Is not requ4ed to permit reinstatement(f: (I) Lmder hns nccepted reinstatement atter the commencement ot toreolasure proceedings within two yeers Immedlately preceding the commencement of a wrtent toredosure proceeding, (I�retnatstement will preclude loreatosure on ditterent grounds in the tuture, or(if�rekistatement wfll adveraely aBect the priorfly ot the Ilen creeted by this Secufly Instrument. 11. Borrow�r Nat Rslas�d; Rorb�arsmcv By Lsnd�r Not a Walvar.Extenslon of the tfine of poyment or modiAcatlon ot amort�zadon of the aums s�cured by thl� 3ecurity Instrummt granted by Lender to eny auccessor In Interest ot Borrewer shaN not operete to reiase the IlabNity of the originel BoROwer or Borrower's suacessor tn Interest. Lender shaU not be required to commence proceedings sgefnst any successor in interest or refuse to extmd tlme tor payment or otherwlse modify amortiz.�Uon of the aums secured by thla 3ecurfty Instrument by reason of any demand made by the origlnal Borrower or Bortower's successors In Interest. Any forbearance by Lender In exercising any right or remedy shatl not be a walver of or preclude the exeroise ot any dght or remedy. 12. Suecessors and Assigns Bound; Joint and Several U�billty; Co-signera. The covenancs end agreementa of thla Security Instrument shafl bind nnd henefit the successors and nsslgns of Lender end Borrower.3ubJect to the provislons of Paragrsph 9(b).go�rower's covenants end agreements shall be Jolnt end several. Any Bortower who co•signs this Security Instrument but does not executo tho Note: (a)Is co•slgning thls 8ecurfty hsUument only to mottgage, grant and convey - that Borrowers Inte►est tn the Property under the tertns of thia Security Instrurnent; �b) Is not personally obllgnted to pay the sums secured by this Securily Instniment; and (a) agroes thflt Lender and eny other Borrower may agree to extend, modity. = torbear or make any accommodatlons with regard to the term of this Security Instrumant or tho Note without thet Bortower's - consmt. = 13. Notic�a.My not�e to Bortower provided for In this Security Instrument shall be glven by delivedng it or by mailing it by first cieas mail unless appucaoie taw reqwres use ot anotner metnod.i ne nouce snen oe direcied io ine rroperiy Hddress vr - any other address Borrower deslgnates by �atice to Lender. My notico to Lendtt shall be given by tirst class mall to Lender's address stated herein o► eny eddress Lender designates by notice to Borcower. Any notice provided tor In thls Securiry InaUument sheil be deemed to hare been given to Bortower or Londer when given as provided In this paragraph. � 14. �ove�ning LBw; SBValdbility. This Secudty Instrument shall be govemed by Federai law and the law of the � ,-�1 JurisdlcUon In which the Properry Is located. In the erent that any provis�on ot clause ot this Secudty Instrument or tho Note i .� a -__.�� f5013.LMQ(9/961 V:��c 3 0l 5 ._r ._� 97t09 �. . _ .. ._ .. ... . y,y�...�.. , �- � ---'- :___�_.._..__-'-..__. .. . �.. ��-.. -.t�� �a�"".. .. � --- --