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<br /> Any amounts d�sbursed by Lender under th�s Parnyrnp� shull bocome nn addil�onal debt of 80rrower Qnd bo aoCUred y
<br /> this Secutity Instrument.These &mou�ls shall bear intere5l�r�m Ihe date ot dlsbursement at the Note rate, end et tn� optlon of
<br /> o°.
<br />- �� � Londer,Shal1 be Immedlatety due and poyable.
<br /> Burcowar Shall promptly discharge eny Ifpn whfch has prionty ove� thfS Security Instrument unqsS Borrowor: (o) Yprpes �
<br /> writi�q to the payment ot the ob�iget�on 5ecured bY lhe nen in a manner acceptable to Lendor; (b) conteat� in qooC lalth lhe I'�en
<br /> �. by, or defends eqa�st enforcement ot tne lien In, �egul proceed�ngs wn�ch in tne Lonaer's opinlon opnrnte to prevent tho =
<br /> �' �' enforCiment o� tne Iien; or (C) setures I�om Ihe holder ot the lien an agreement Setisfnctory to Lendor aubordinethy Ihe I�en to
<br /> 1i�15 SCCUrity Instmment. �f Londor A�torminss thet eny pnrt ol the Property is Subject to U h9n which mey tittah prlonty Over thls �_
<br /> _a, � S�CUrRy InsUument, Lender mey eke Borrower e no1�Ce identilyinq the lien.Borrowe�Shnll satisfy the Iien or take one or more o1 �
<br /> -r•-?��p 1
<br /> the BCl�ons s9t (orth AbOVe withln 10 dayS of the grvinq of nOtiCe.
<br />—"��� 8. FQQB. L9nder mey c011ect fees Elnd cAarpes IIuthorized by the Secretary.
<br /> � ?� 9. Cirounds for Acceleretton of Debt. �
<br /> , (e) Default.lender may, except es timitetl hy regulaUons issued by Ihe Secretery in the case of payment defsults,
<br /> requke fmmediate payment in lull of ell sums secured by this Security Instrum�nt il:
<br /> �� ` � (I) Bortower detauRs by fellinq to pay N tull any monthly payment requked by Ihis SeCUri►y Instrument prior to or on
<br /> 4' � . the due dete of the next monthly payment, or
<br /> "- . ({q Bonqwer defaukL by lailing,tor e period of thirty days, to perform any other Oblgations cont&Ned in this Security
<br /> � ' Instrument. �
<br /> ��:�:"i( (b) Sale Without Credit Approvat. Lender Sh811, if permitled by epp��cabb law (InCludfng SeCtlon 341(d) Of th9 •
<br /> Gam•St Germain Depository Institutions Act of 1982. 12 U.S.C. 1701j31d)) end with the prior approvai of the SeCretflry,
<br />',�{'Fe�±'+` requke immedfate payment�n lull of nll the sums secured by Ih�s Secunty Inslrument rf:
<br />':��r�� i) Atl or art ol the Property, or a beneficl8i IntereGt in a lrust ownmg all or part of the Property. Is sold or
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<br />� '�� � otherwise trensferred(other than by dovise or descent),and
<br />`�,:��'`� pq The Property Is not occupied by the purchaser or grpntee as his or her piinc�pal rasidence, or the purchaser or
<br /> ' grantoe does so occupy the Property, but his or her credit hes not been approved h acc�rdance wRh the
<br /> ''- requirements of the SeCretery.
<br />:,.�s,:•:
<br />-�.,, (c) No Waiver. If circumstances ocCUr Ihat would permit Lender to require immeditite payment in full, but Lender
<br />_^'°4� does not requke such payments. Lender does not walve Its rights with respect to subsequent events.
<br />=;�r;.a� (d) Reguletto�a of HUD Secretary. in many circumstan�es re�u�a�io�s issued by the secrecary w�n iknit
<br /> �-rieu� Lendor's rigtds, In the case of payment deffiufts, to require immediate payment in tull and forecbso H not paW. This
<br /> Security Instrument does not authorize eccelerAt(on or loreclosure if not permitted by regulat�ons of the SeCretery.
<br /> �� (e) Mortgsge Not insureci. dorrower egrees tnat rf ii�ia Sm:u�dr ir�si��:�a��.a:� i::c "=a:a s•e rtot d!'tpf1"had to
<br /> :.���.
<br /> _ _ be eligible tor insuranCe under the Nallonfll Housing Act within # Ot (18VS(90) from the date hereof, Lender
<br /> —: may, et fts opttOn requfre anmediate peymert In tuil of all sums secured by this Security Instrument. A written state��t
<br /> of any authorixed agent of the Secretery dated subsequent to Of d8 S 9SJ 01 from the date hereof, declhhfl
<br /> to hsure this Security Instrument end the Note, shell be deemed co�Clusive prool of such InelipibNity. Notwith5tendinp
<br /> -- the foregohg,thts option may not he exerCised by Lender when ihe unavailability of insurence b sobly due to Lender's
<br /> -� faiture to remit a mortgage tnsurance premium to the Secretery.
<br /> 10. RCIIIbtALEll1Cn�. Barrower has a right to be reinstflted il Lender has required immediate payment In fuA bocAUS� ot
<br /> Borrower's failure to pay an amount due under the Note or this Security Instrument. This right app�ies even aftar for�cbsun
<br /> ' proceadings are (nstituted. 7o renstate the Security Instrument, Borrower sheA tender in a lump sum all emounts roquk�d to
<br /> { brinp Bortower's account Current including, to the extent they are abligations of Borrower under thfS SoCUriry InsWmw��
<br /> } �OreCbsure CaSts and reasoneble end Customary attorney'S fees and expenses properly asSOCtated wkh th� fOncbsuro
<br /> �
<br /> proceedfng.UpOn retnstatement by Borcower, this Security Instrument a�d the obl►gations that it secures ahaA rernah in o t as
<br /> if Londer had not requked knmediate payment In full. However.Lender Is not requ'red to permR reh5tat�ment H: (I)Lw+d�r h�s
<br /> acc�pted relnstatement after the commencement of foreclosure praceedings wNhin two years knmed�tely prec�d!np tho
<br /> commencament of a cunent foreclosure proceeding, (II) reinstetement will preclude torpcb5ure on diNennt prounds in th�tutun,
<br /> -= Or(IN)refn6tetemant will adversery BffeCt the priorRy of the lien created by lhis SeCUrity Insirument.
<br /> 11. Borrower Not Releesed; Forbeerance By Lender Not e Weiver. Extenabn of the tkne of p�ym�nt or
<br /> � modAlCatbn ot amortimtion of the sums secured by thts Security Instrument pranted by Lender to any succassor in ht�nst of
<br /> - Borrowar shall not operat¢to release the Ifabfllty ot the orginal Borrowar or BorcowePs successor In hterest.Lend�r shaN not W
<br /> ' requfrod to commence proCeedinps against any successor in interest or refuse to extend tkne for payment or otharwiss moditp
<br /> � emoRiratbn ot tha sums seCUred by thfs S¢curity Inst�ument by reason of eny demand made by the oriphtl BoROw�r or
<br /> �• Bortow6rs Successors in Interest. Any forbearence by Lender In exercisfng eny ripht or remedy sheu not bs a w�ivsr of or
<br /> pr9Clude the exerC�se ot any right or remedy.
<br /> • 12. Succeaaors end Assigns Bound; Joint and Seve�al Liability; Co-aiqners. Ttie covoaants and
<br /> --- agre9ments af ihis Security�n3trument shall bfnd and benelit the suCCessors and ctssigns of Lend6r and Barrower,SubJeCt to tha
<br /> ---' provisions of Paregreph 9(b). Borrower's covenants and agreemenis shall be joint and severel. Any Borrowet who co•5�5 this
<br /> - y�� ' SeCUrity Inst�'ument but does not oxeCUte tho �Oto: (a) is Co•S�gnin�this SeCUri[y Instrument only to mORgepe, prant end Convey
<br /> ���,.�',,�'� , that Borrower's interest in the Property under the terms o1 this Security �nstrument: (b) is not personnlly oblipated to pey the
<br /> ,-�?:r`�ia�°. sums secured by this Security instrumenk end (c) agrees that Lender nnd nny other Borrower mny aqree to extend, modify,
<br /> ��-� lorboar or make any accommodatfons with regard to tha term of thls Securiry Instrument or the Note wilhout thet Bortower's
<br /> � consent.
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<br /> l:i. 1'IOLICCO.nny not�ce to efanower provianu io� �� i����:�.�r::i 7�.a:',;:.o..:o......,�y....._, ----_-.� .. _ -. _
<br /> '�!� by IirSt Ca6s maii unless appliCebl9 lativ iequfre3 use o1 enother method.The not�Ce Shall be dkeCted to the P�operty AddreS3 or
<br />�=•;x�i�m� eny other address Borrowe� desbnates hy notice to Lender. Any notice 1n Lender shall be given by tist ciass mail t0 Lender'S
<br /> -=.�!;°;�,,, Bddress stated hereh or any eddresS Lender desgnates by ��otfCe to Borrower. Any notiCe provfded for in this SeCUrity
<br /> -`�=�:�����. In;Wment ShII�I be tleemed to have been gNan to Borrower or Lender when given es providBd In thi5 p8rflqteph.
<br /> ��" `��"-� 14. Governin� Law; 5@VB�HbIII�i. ThiS SeCUnty Instrumpnt Shall be governed by Fetl9rgl law and the �aw of the
<br /> --.�.'v��,sy;;}
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<br />:s��;,`� �; �uriSdiCdon In whiCh the Properly 15 lu�ated. In the event th¢t any provis�on or c4luso of this SeCUrily Instrument Or th9 Ote
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