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<br /> Any amounts disburced by Lender under ihls Paregraph ahell become an additlonal debt of 8orrower and be secured by "":�,'°',"�
<br /> this Secutity Inatrument. These amounts shall bear Interost Irom the dale of disbursement at ihe Note rete.and at the option o1 :":�_
<br /> r.i j.',
<br /> i_ender, shell be immedlately due and payabte.
<br /> Borrow�r ehall promptly dlscharge any Iien which hes prlority over this Securily Instrument unless Borrower: (a) agrees in
<br /> � writing to the payment ot the obllgaUon secured by the Iien In a manner accepteble to Lender. (b) contesis in good taith ihe Ilen . -
<br /> - by. or defends agalnst enforcemonl oi the Ilen In, Iegal pracoedings which In the Lender's opinion operate to prevent the �
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<br /> . enforcement of the Ilen; or (c) securos from the holder of the Ilen an agreement satisfactory to Lender subordlnating the Ilen to�^� -. ,,,
<br /> • fhlfi Sacurity Instrument. If Lender determines thet any pert of the Property Is subJect to a Ilen whlch may ettaln pnodty over this�a,� ,.s: "
<br /> ! Security Instrument, Lender may give Bonower e notice identitying the Iien. Bonower shall satisry the Ilen or tako one or more of � ' �t.'''
<br /> • the uctlons set torth above within 10 deys of the giwng ol notice. � •1_.�..
<br /> ;r;,,.,y ` 8. F898. Lendar may collect fees end cltiarges authodzed by the Secretary. � _4
<br /> * ` 9. Cirounds for Acceleretion of Oebt. q `'�-
<br /> (a) Default. Lender may, except as Ilmited by regulations Issued by the Secretary In the r,ase of payment detaults.� -_
<br /> requlre Immedlete payment In full oi ell sums secured by this Security Instrument 11: �•'. _
<br /> ' (q Borrower detaults by falling to pay In full any monthly payment requlred by this Security Insirument pdor to or on r �^'=�''�
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<br /> the due date of the next manthly payment, ar `T
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<br /> ,� � (il) 9ortower delaults by fatling, for a period ol thlrty days,to pertorm eny other obligatlons contalned In Ihls Securlty
<br /> � � Ins!rument. ��:�
<br /> � (b) SaIY WithOUt C�edlt Approval. Lender shall, H pormitted by nppllcable law (Includin4 soctlon 341(dl ol lhn ����`
<br /> �am•St Oermaln Depository Ins�itutlons 0.ct o} 1882. 12 U.S C. 1701J•3(d)) and wlth ihe prlor approvul ol lho Sec:otary. �
<br /> . ., : � � requlre Immedlate paymont In fuU of all ihe sums sacured by thls Security Instrument It: =�:
<br /> � i All or art of tho Pro 0 or a bonoticlal intcrest In a trust ownin ell or art of the Pro ert Is �old or �
<br /> O P P rtY, 8 P P K �
<br /> ,, otherwlse transferred (other lhan by devlse or descenl), and _
<br /> {'� (II) The Propert� is not occupled by the purchasor or grantee as hls or her principal resldence, or the purchaser or __
<br /> granteo does so occupy the Property, but his or her credit has not been approved in accordance wfth the �'
<br /> `�. requlrements of the Secretary. _
<br /> (e) No Walver. If circumstences occur that would permit Lender to requlre Immodiate payment In full, but Lender _
<br /> � does not requlre such peyments, Lender daes not waive its rlghts with respect to subsequent events.
<br /> (d) Regulations of HUD Secretary. In many circumstances regulutions Issued by Ihe 3ecretary wlli Iimit
<br /> ,� Lender's rights, In the case of payment detaults, to requlre Immediate peyment in full and foreclose if not pald. This
<br /> �` i Secudty Inatrument doc� rot nuthorize scceleratlon or toreclosure If not pertnitte�l hy rr�idatinns af the Secretary. `
<br /> � ? {. � (e) Mortgage Not Inaured. Borrower agrees that If thls Securiry Instrument and the Note are not determined to
<br /> -- 1 be s!! �b�_!er!nsurance lnder rha t�wtinnal Hnuclnr� Ar.t within 90 days from the date hereof. Lender
<br /> - - :x , a• ° .
<br /> I may,at Its optlon requlre Immedlate payment (n full of all sums secured by ihls Security Instrument. A written statement
<br /> � � of any authorized agent of the Secretery dated subsequent to 90 days irom the date hereot, decllning
<br /> Z to Insure this Security Instrument and the Note, shall be deemed conclusive proof of such Ineqqibility. Notwithstanding
<br /> � . I the foregoing, this optlon may not be exercised by Lender when the unavaliabllity ot insurance Is solely due to lender's
<br /> �` fallure to remit a martgage Insurance premlum to the Secretary.
<br /> . 10. ReI118tatemeltt. Borrower has a dght to be relnstated if Lender has requlred Immedlete payment In full because ot —
<br /> Borrower's isilure to pay an amount due under the Note or thls Security Instrument. This right appliea even after toreclosure
<br />- •+ proceedings are Instituted. To relnstate the Security Instrument, Borrower shall tender in a lump sum eq amounts requlred to - _
<br /> ' � bring Borrower's account current Including, to the extent they are obligatlons of Borrower under thls Securfry Instrument,
<br />. • �. toreclosure costs end reasonsble and customary attomey's fees and expenses properly asyociated with the foreclosure
<br />' proceeding. Upon relnstatement by Bortower, thls Security Instrument and the obligatlons that it secures shall remaln In e(fect as
<br /> if Lender had not required Immediate payment In full. However, Lender Is not required to permii reinstatement if: (I) Lender has
<br /> accepted relnstetement after the commencement of foreclosure proceedings within two years immediately preceding the °
<br /> °j' commencement of a current foreclosure proceeding, (iq relnstatement wiil preclude foreclosure on diflerent grounds in the tuture, �
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<br /> or(III) rolnstatement wlll udvarsely ABoct the pdority of the Ilen created by this Security Instrument.
<br /> - � 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of IhP tlme of payment or �—�_
<br /> F: -.
<br /> modiflcatlon of amortlzetlon of the sums ser,ured by this Security Instrument grantad by Lender to any successor In Interest of �.
<br /> � � Borcower shall not operate to release the Ilablliry o1 the orlginal Borrower or Borrower's successor In Interest. Lender sha�not be
<br /> _ , ;�J required to commence proceedings against any successor In Interest or refuse to extend time tor peyment or otherwise modify �i'��� _
<br /> .{ fl m o rt i z a t i o n o f t h o s w n s s e c u r e d b y t h l s S e c u r i ry In s tr u m en t b y r e as on of an y demand made b y ihe orl ginal Borrower or `��_
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<br /> " Borrower's successors in Interest. Any forbearence by Lender In exercising any right or remedy shall not be a walver of or F--��
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<br /> , preclude the exerclse of any rlght or remedy. :�?;i'-';=-
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<br /> 12. Successors and Assigns Bound; Joint and Several Lfability; Co-signers. The covena�ts and ,��:F�;
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<br /> agreements o1 this Socurity Instrument shail hind and benefit the successors end asslgns o(Lender and Borrower, subJect to thQ - :��;+ti-
<br /> - provislons of Paragreph 9(b). Borrower's covenants and agreements shall be Jolnt and several. Any Borrower who ca-slgns thls � -
<br /> Socurity Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mongage, grant and convey
<br /> that Borrower's Interest In the Property under ihe terms of this Security InstrumenL (b) Is not personely obligated ta pay tho �
<br /> sums secured by thls Security Instrument; end (c) agrees that Lender and any other Bortower may egree to extend, modify,
<br /> _ I forbear or make any ec�ommodations with regard to tha tr_rm of this Security Instrument or the Note without that Borrowar's
<br /> � consent.
<br /> = j 13. NOtICes. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or hy mailing it
<br /> � hv fir.:f rlaaa mail IItfIPCS annllrahla Inw rnntilrae t�en nt annthar�nalhntl Thw nntlr.a chall ha Afrr+r.tarl tn ihw Prnnartv Aririroea nr
<br /> � � nny other address Borrower deslgnates by nolice lo Lender. Any nolice to Lender shall be given by first ctass mail to Lander's
<br /> ` address stated herein or any eddress Lender designAtes by nolice to Borrower. Any notice provided lor in this Security �
<br /> - Instrument shall be deemed to heve been given to Dorrower or Lender when given as provided in this paragraph.
<br /> j 14. Governing Law; Severability. This Security Insirument shell be govemed by Federal law and the law ol the I
<br /> 1 jurisdlction In which the Property is located. In the event that any provision or clause oi this Security Instrument or the Note �
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