|
, � -
<br /> �• : . . ��...._,,,.,,���W� ,�,xwiasiei�sr
<br /> . . �'n^.'�.�:Tlp��:'�.
<br /> .L. .r-. � �� - . � •- .�Nrcrt-w, . , .. . ._
<br /> ..�.. .. . - . .... .. . �..
<br /> - ' ' !� • r_.
<br /> � • Any amounte dlsbursad by Lender undor thls P�raQraph ehell beaome an addAbnal debt of Borrower and be securad by _
<br /> _ � � thls Securky Inetrument.Thses emounts shall bear Interest trom the date ot dlsbursement el the Note rat�, and at Ihe optbn of —
<br />_ I Lender, sh811 be Ynmedletely due and payable. —
<br /> Borrower ehall promptly dlsoh�rpe any Ilen whbh has prbrity over thls Sacurlty Instniment unless Borrower: (a) �p�ees h
<br /> writlnp to ths paym�nt of tha oblip�tlon secur�d by tha Ifan In� mann�r accept�ble Io Lendsr,(b) conteata In pood lakh the ibn
<br /> by, or defands apefnst entorcement ot the Ibn h, Ip�l prxssdhps whlah In tn� Lendsr'e ophbn opsnt� to prw�nt th�
<br /> sntorcam�nt ol ths Il�n; or (oJ s�cursa hom th� holdn of th�Il�n �n aflrMmari stllsf4otory Io Lsndsr aubardhathp th� Ibn to �Q
<br /> � thls SeaurRy Instrumant.If Lendsr d�t�rmin�e that eny part ol ih� Property Is subJecl to �II�n whbh m�y attah prbrRy ovN thls y �
<br /> , �j 3acurRy Instrument, Lsnder may pNO Bonowsr a notbe kJentHyhp the�IOn. BOrrowor ShIIll Sntlsty tho Ilen or take one or moro of � �
<br /> � the aotbne set forth above wRhin t0 daye of th�pNhp of notfcs. �
<br /> ,,,�'1'` # 8. Fea�. Lender may coll�ct Iw�and cherpea tuthorizal by the Sacr�tary. p
<br /> c,.�w.�-'i�'
<br /> � 9. G�aunda for Acceleratlan of Dobt.
<br /> �
<br /> (a) Default. Lender may, excspt as IknRed by repulttlons Iseued by the Se�retary In the case of payment dehufts, �
<br /> ; requPA knrrMdlate paymnnt In (uU of ell suma secured by thls Securky Instrument H:
<br /> (I) Bortoww delauAs by fallfng to pey h tull any monthy payrrnnt rsquked by thls Seourity Instrumenl prbr to or on
<br /> the due d�to of the next monthty payment,or
<br /> (II) BoROwer def8ufts by tnllhp,for 8 pxbd of thYty days,to peAorm any other abllpatbns oontalnod In thls 3aaurky
<br /> Instrumsnt.
<br /> ' (b) Ssle Wlthout Credlt Approvat. Lender shall, M permkted by opplfcable law (Includlnfl sectlon 3at(d) of the
<br /> � (3amSt Gertnaln DeposRory InstRutlons ACt of 1982, t2 U.S.C. 1701J•3(d)) �nd wkh the prlor approval of the Secretary,
<br /> ,�. require immediate peyment In tull ot nu the sums secured by thls Security tnatrument N:
<br /> � (I) All or part of the Property, or a beneffclal Interest k� a trust ownhg all or psrt of the Property, Is sold or
<br /> • otherwlse translerred(other than by devlse or descant),and
<br /> (II) The Property IS not occupled by the purchase�or prantee as hls or her princlpal resldence, or the purohsser or
<br /> qrantee does so occupy the Property, but hb or her credk has not been opp�ovad In accordancn wlth tha
<br /> �� requMements of the Secretflry.
<br /> (c) No Walver. If ckcumstances occur that woub permR Lender to requke Immedlate payment h full, but Lender
<br /> � does not requke such payments. Lender does not waNe Its rqhts wfth respect to subsequent events.
<br /> (d) Fiegulatlona of HUD Secretary. in meny ckcumstanCes rey��ations issued by the secrecary wm ir�,n
<br /> � Lenders rfyhts, In the case of payment detaufts, to requlre knmedlate payment In lull and }orecbse M not pald. Thls
<br /> �' Securfty Instrument does not authorize acceleratlon or loreclosure H not permitted by repul�tbns of the Secretary.
<br /> __—_-- -=- - (_) ���a�aP �^t (n�sured. eorrower earees that M thls Securky IneWrnent ond tM Note are not detertnfned to
<br /> • �p� be 81IpWle for hsurflnCe under tho Netlonel Houslnq Aat wnnn � of deya(90]_ hom the tlate hereof, Lendar
<br /> �y+ may,at ks optbn requl�e Immedlate payment h full of all sums secured by Ihfs Securdy Instrument. A wrkcen atatement
<br /> • 't of any authorized eqent of the Secretary dated subaequent to i� 01 dllVa(901 trom the date hereot, deollnhp
<br /> to hsure thls SecurRy Instrument and the Note, shau be deemed conclusNe proof of such Ineltpiblllty. NotwRhatandlnp
<br /> the forepohg, lhls opllon may not be exerclsed by Lender when the unavallabllfty of hsurance Is solely due to Lenders
<br /> Iallure to remk a mortgage hsurance premlum to thA Secretary.
<br /> 10. Relnatetement. Borrower hss e rtyht to be rehstated H Lender has requked knmedlate payment In lull bec�use o}
<br /> Borcowers }allure to pay an amount due under the Note or thls Security Instrument. Thls rpht epplles even efter toreCbaure
<br /> proceedhps are hstRuted. To refnstete the Security Instrument, Borrower shall tender h e k+mp sum nll amounts requked to
<br /> brtng Borrower's account current Including, to the extent they sre obllgatlons of Borrower under thls SecurRy Instrument,
<br /> forecbsure costs and reasonable and customary attorney's fees end expenses property assoclated wkh the foreCbaure
<br /> -• proceedhg. Upon relnstatement by Borco�ver,thls SeCUrlty �nalrument and the obliguUons that R secures shall rem�h fn sffect as _
<br /> • • � �, If LE+nder had not requked knmedlate payment In full. However, Lender Is nat requted to pertnR relnstetement H: (1) Lender hes
<br /> aCCepted relnstetement after the commencement of }oreCbsure proceedlnqs wRhfn two years knmedletely precedlnp the —
<br /> � commencertiant of a curcent lorecbsure proceed'nq, (II} relnstotement wlll preclude loreclosure on dM(ere�it yrounds h the future, _
<br /> , � or(Ilq rehstatement wlll adversely eHect the prlority of the Ilen created by thls Securdy InstrumenL �
<br /> ,, � 11. Borrower Not Released; Forbearance By Lender Not a Weiver. Extenslon ot the tkne of payment or �,
<br /> -- modMbatlon of amortlratlon of tne sums secured by thls Securlty Instrument granted by Lender to any successor In fnterest ot �
<br /> � , 9orrower shell not operate to release the Ileblllty of the orlglnal Borrower or Borcower's successor In Interest.Lender shell not be _
<br /> . requlred to commence proceedings agalnst eny successor In Interest or re(use to extond tlme for payment or othervvlse modHy F.'
<br /> emortfsatlon of the sums secured by thls Security Instrument by reason of any demand made by the orlginal Borrower or �
<br /> ' Borrowers succesAOrs �n Intereat. Any forbearance by Lender In exerclsing any ��pht ar remedy shell not be a walver of or
<br /> preClude the exerClse of eny ribht or remedy.
<br /> 12. Successors and Asalgna Bound; Jolnt and Severel Llebtltty; Co-afgners. rne cove�an�s e�d
<br /> agreements of thfs Securlty Instrument shall bind end benolit Ihe successors end asslgns of Lender and Bortowor,subJect to the
<br /> provlslons ot Paragraph 9(b). Bonowers covenants end agreements shall be Jolnt end severel. Any Borrower who co-slgns thls �
<br /> Securfty Instrument but does not execute tho Note; (a) Is co•slgning thls SeCUrRy Instrument only to mortgage, grant end convey _
<br /> that Borrower's Interest in the PropeAy under the terms ol Ihls Socurlty Instrumont; (b) is not personally obllgetod to pay the _
<br />, . sums secured by thls SeCUrity Instrument and (c) ugreos Ihat Lender and any other Borrower may agree to extend, modHy, `'
<br /> forbeer or muke eny accommodallons wlth regflrd to the te�m of thls SeCUrRy Instrument or the Note wlthout that Barrowers
<br /> consent.
<br /> 13. NotiCeS.Mv notice to Borrower provided �or In thls Securlty Instrumenl shail be gNen by delNering It or by malling ft
<br /> by first class mail unless applicabls law requlres use of anolher method.The notice shall be dlrectetl ro tne rropd�iy nuu�b56 3t �
<br /> nny othor addross BOrrower dosignetos by notice to Lencler.Any notlCe to Lender shnll bo given by first C'ass mafl to LOnders
<br /> uddress stated herein or any uddress Lendur des�gnates by notlCe to Borrower. Any notico provlded for In thls Socurlty I
<br /> Instrument shall be deemed to heve been glven to Harrower ar Lender when gNen as provlded In thls paragreph. i
<br /> 14. Governing Law; Severabllity. Thls 58CUrily Inslrument Shnll be governed by Federfll 19�v and the law ot lhe
<br /> jurisd�tion in whfch tho Praperty Is located. �n lhe event Ihat eny provfslon or cWuse of thls Security Instrument or the Note �
<br /> I
<br /> FS0�9-LM6 16/07) P�po J ol S �
<br /> ' �
<br /> I
<br /> 0?? I
<br />
|