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<br /> � My �mount! dffbursed by L�nda unda thl� P�rl�pnph ahall become en edd'Abnal debt of Borro�n`d��d by _
<br /> Ihly �wcwity Instrum�nl.TAesa amounts sholl bear lnterest Irom fhe date ol disburseme�t at the Note rate, and at ths optlon ol
<br /> L�ncNr, ahaN b� Nnm�d�tey dus�nd p�yabM.
<br /> Bo�row�r sh�ll prompiy dl9oh�rpe any li�n wAfch h8s prlority over tnis Security�nstrumant unMss Borrower: (a) apnes h
<br /> wrRinp to th�p�ymenl of Ihe oblpation sacured by tho ifen in �mnnner acceDtable to Lender, (b)Conte3ts in pood taRh ths�ran
<br /> by, or dolonds eQaln�l enlorcQmant ol t�o Iien In, Wpai proceodnqs whfch �n the Lender's opmion opernte to prevent the
<br /> M1orc�m�nt ot the Ihn; or(o) sscures Irom!he holder o1 Ihe lien en aqreemont saUSiactory to Lander subordlnathp th�lien to
<br /> Ihts S�CUrky Inetrumim. If Londer doterminos thnt any pen of the Proporty is eubjecl lo o lien wh�Ch may att8ln priority over this
<br /> S�CUrty Instrum�nt� L1nd�r may pN� BorrowYr e not��IdN�t�fyhq th� Iwn. Borrower ahall eatisfy th�Iien or t�ks on� or mon of
<br /> th�actbns a�t(orth �bov�withln �0 days ol tho pNfnp�f not�e.
<br /> e. FOl�. Und�r may ootkct fa�s and oharpes�uthorized by th�Sacretery.
<br /> 9. Grounda for AcceleraUon of Debt.
<br /> (A) D�10U It,Lander may, excepl�s IimRed by repulatl�ns Issuetl by the Secretary In tAs case of psyment de(auks,
<br /> requke knmedbta paymenl �n Iu11 0l YII sums SYaured by this SeCurity Instrumant M:
<br /> (I)Borrower delaufts by fall'np lo pay in tull any monthly payment requked by thls Securky Inatrum�nt prbr to or on
<br /> the due data of the neM monthy payment,or
<br /> (ii) Borrawer deteults by failing,tor a perioG of th(rty dnys, to perform any other oblipations contahad in thls Sacurity
<br /> Instrument.
<br /> (b� 3A10 Without C�edit Approval. Lender shall, il permitted by appficable law (fncludinq sYCt(on 341(d)of the
<br /> QarnSt Ciermth Depository Institulbns Act of 1982, 12 U.S.C. 1701 j-3(d)) end wkh the prbr �pproval of tha S�cretny,
<br /> requta knmedlete pnyment In IuN o1 ell the sums seCUred by this SecurRy Inslmmnnt il:
<br /> (I) All or paR of the PropeAy, or a beneficlal Interest h a trust ownlnp aN or part of tha Property, is sold or
<br /> othsrwise Uanaferred(other than by devise or descent),and
<br /> (II)The Property is not occupbd by Ihe purcAaser or qrantee as his or her principal resldence, or the purchaser or
<br /> qrsntee does so occupy the Property, but hls or her credk hfls nd been approved In acoordenc� wkh tha
<br /> requirements of the 3eoretory.
<br /> (c) No Waiver. If ckcumstnnces occur thet would permit Lender to requt�s immediate payment h full, but Lender
<br /> does not requYe such payments, Lender does not waNe its rights with respect to subsequent events.
<br /> (d) Repuletlons ot HUD Secretary. in mflny c'rcumstances reyu�atw�s issued by the secrecary wm itmh
<br /> Lender's riphts, in the case of payment defaults, to requke lmmed�ate payment h full and (orecbae M not ptld. Thls
<br /> Seaurity Instrument does not authorite acceleration or foreobsure if not permitted by repulatbns of the Secretary.
<br /> =8 j i�iuiay�iQo i�vi IiiaiiF6C�i.norrower ayees ihei ii ihis Sncurity ���tii�v�.-.nd an� ina lioi:ar'na! d..^t:m.hs�!o
<br /> bs�Ipt�le for hsur4nce under the Netionel Housing Act withh ilE of daVS(90) trom the det� hersot, Lender
<br /> may,nt fts opdon requke knmedl8te payment In full of all sums secured by thls Security I�strument. A written at�tement
<br /> of eny authorl:ed eyent of the Secretury dated subsequent to �of dsy8 (90� hom the dats heroof, d�cHnhp
<br /> to hsure thls Security Instrument md the Note, shaU be deemed conclushre proof of suoh Inenpibll'�Iy. Notwkhstandlnp
<br /> tha foregohg,lhis optbn may not be exerclsed by Lender when the unavai�bflily ot Insuranco Is Soloty due to Lend�r's
<br /> lallure to remrt a mangage�nsurence premtum to the Secretary.
<br /> 1 O. Rei�atetement. Borrower has e right to be re�nsteted if Lender has requkeC knmadlsts p�ym�nt In tuN b�c�u��of
<br /> 8ortowers fallure to pay fln amount due under the Note or this Security Instrument. 7hia riyht epplk9 even after foneCbaun
<br /> proceedhps are instNuted. To reinstate the Security Instrument. Borrower shall tender In a lump sum all ilmounts roqulr�d ta
<br /> briny Bortawer's account Current fncludinp, to the extent they are oblipattons ol BorrowK undw thls S�curky InsaurtNnt,
<br /> Nncbsuro costs and �eaaonable and c��stomery �ttorney's fees and expenses prnpery essoatatad wkh th� toncloaun
<br /> proceadlnp.Upon reNStat�nent by Bortower,thls Securky Instrument�nd the obuy�ttons that k s�cuns thaM nrtwln In MNct as
<br /> M Londer had not requtred tmmediate payment In tult. Howover, Lender Is not rsqukM to permk relnatatertNnt If: (1)L�n�Nr has
<br /> • eCCepted rahstetement aRer the CommenCement af forecbsure proCesdfnps wNhh two ywrs ►mm�dtatey pncWhp th�
<br /> comrtwncertiN►t of a eurrent forecbaure proceeding, (A) relnstatement wiA preClude tOncbturo on diNsrent proundt In tM futuh,
<br /> Or(W)rohsUtement wBl adverasly afleCt the priOr�y of the lien Created by this SeCUrNy Instrument.
<br /> f 17. Borrower Not Released; Forbearance 8y Lender Not a Waiver. Extensbn of the tkrte of Daym�nt or
<br /> - modHicatbn of amorllratton of the sums secu�ed by thls Security Instrument granted by Lender to any succOSSOr In ht�nst oi
<br /> � Borcower ahtll not operate to re�eesd the lieb��ity o� the Or(yfnal Borrov�er or BoROwer6 sucCessor in ht�resl.Lbndx fhaN not b�
<br /> • roquirod to commenee prxeedtngs spahst any successor tn interest or retuse to eztend tima tor payr►xnt or ath�rwla�modMy
<br /> _ amortitatbn of the sums secured by thls Security Instrument by reason of any Oemand msc� by tha orlpinal 9ortow�r or
<br /> ` Bonowsi'S 6ucCessors in hterest. Any (o�bearanCe by Lender In exerCising any rlpht or rem6dy sh�ll not b� � waivM o) or
<br /> � pracbda the HxerClse of any rfght or remedy.
<br /> 12. Suceessors end Asslgna Bound; Jotnt and Seve�al Ltabllity; Co-aiqnera. The Covemnts .nd
<br /> aqroements of thls S9eurity Instrument sh�ll bind end benefic the sucCessors and esaqns of Lender end 8ortowar,subj�Ct t0 tha
<br /> � provlsbna of Paragraph 9(b). Borrower's covenents end agreoments sha11 he Jolnt end several. Any Borrowar who co•slpns thfs
<br /> , Securtty Instrument bul does not execute the Nole: (e) Is co-S�gning this Security InsUument onty to mortgaqe,qrant and convay
<br /> . that Borrower's Interest In the Property untler tne terms of this Securtty Instrumenk(b) Is not personaHy obNpated to pay th�
<br /> sums secured by thls Security Instrumenk end (c) egrees that Lender and any olher 8orrower may aproe to 6xtand, modity,
<br /> ' forbear or make any accommodations with regartl to the term of thls SecurUy Inswment or the Note without thet 8onower's
<br /> consent.
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<br /> .. .�. •.v«..vw.v.� uva..o w vvuv�m N�vv�tsot+w� n wua uwuny u�ouuu.o.••�....�r..�.. ..� �-.�._.�..�. _� ...�._.�.. -
<br /> by tlrst Cless mell unless appl�Qble law requlres use ot another method.The notfCe eh811 be dkeCted to the Ptopsrty Address Ot
<br /> any other address Barower deslgnntes by nottce to Lender. My notke to Lender shall be pNen by flrot class mail to LandYr's
<br /> address stated heren or eny addresa Lender despnates by notfce to Borrower. Any notke provlded for b this Socurky
<br /> Instrume�t shall be deemad to heve heen pNen to Borrower or lender when yNen �s p►ovttled In thls parayraph.
<br /> 14. Governing Lew; Severeblllry. Thts Securfty Instrument shall ba qovemed by Federal law and tAa �aw ot �n•
<br />_ jurisdiatbn In wh�h the Property fs located. In the event thet any proviSlon or clause of thls SeCUrfty InStrument or the Nota
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