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<br /> =��r+T� Any �mounts dfabura�d by L1ndw under thls P�ra9r�Ph ehall hecome an additbnd d�b o�BOrrower �nd b� sscurad by
<br />---,i���$; thls Socur%y Instrument. These amounte shall bwr Intareal from lha date of disburaemont at tne Note rola, and nt Ihe optlon o}
<br /> -���%��-� Lendar, shall be Immadiat�y dua ond p�yable.
<br /> =����`> Bortowsr shall prompty dfsch�rpe �ny IMn whir.h h�s prbrRy ovw thls SecurRy Instrum�nt unbs�9orrow�r: (u) �pre�s In
<br /> =.,,� ,.
<br /> =•-sa_.,,y wrkinp to th� p�yment of lhe oblfpotlon securod by►he Iian h �m�nn�r�ccsptebM to Lender; (b)cont�sts h pood ek 1 •
<br /> _ -.:.��f by, or def�nda ap�het snloresmmt of ths Ilsn fn, IeOr� RrocNdhpt whbh In the LsndN's opMiion opeab to pr�wnt lhs -
<br /> W,,,-3F. „� e�forcement o1 ihe Ibn; or(c) securos from the hoMer ol ths Ibn an aflreement BeUslactory to Lender.ubordinelhy th� Ibn to
<br />����,°'� this S�curRy In:trument. If Lender de!Armhos that 4ny part o} the Property is subJect ro e Ibn whbh may altaln priority ovor lhl, � �
<br />�Y!�T J�y'r� SecurRy Instrument, LendK msy pNS Borrower a notfce IdentMyhp th� Ibn, Borrowsr shell s�tisfy the I{en or take one or moro of
<br /> . � � tlie actbns set forth abovs wRhin 10 days of ths pNinp of not�e. •
<br /> � 8. FEbi. Lender mey collect f�es and charpea nuthorized by lhe Secratsry.
<br />-Y.,'�–�� 9. Grounds for Acceleretlun ot Debt.
<br /> '"' (a) peteult. Lender may, except as IhnRed by rRpuletbns tssued by the Secretary �n the case of payment defaufts,
<br /> 'tii��:.�
<br />-��ur,��• rsquke knmedkte payment fn lull of sll sums secured by thls Securky Instrument ff:
<br /> "�W'}�, (i) Borrower defauRs by failhp to pay fn full any monthly peyment requked by thls Security Instrumenl prior to or on
<br /> .,..,�:,-.,
<br />���v�, the due dste of the naxt monthy payment, or
<br />��+-��`��� (iq Borrower defauRs by IailhQ,for a periad of thkty days,to perfortn any other oblipetlons contehed fn ihls SecurRy
<br /> --_:.n°rPr�ei�a Instrument.
<br /> :�,��°q (b) Sale Without Credit Approve�l. Lender 6hell, if perm%ted by epplbflble law(hcludh0 ssction 341(d) of the
<br /> �,;���� GamSt Ciermein Deposkory Instltutbns Act of 1982, 12 U.S.C. 1701J•3(d)) and wkh the priar epproval �f the Secretary,
<br /> —�°-°'— requke immedlate payment in lull of ell the sums securod by lhls Security InsWment II:
<br /> "�'��`'�� (I) All or pert of the Property, or a beneficlal hterest io a trust ownhp all or part ol the PropaAy, Is sold or
<br /> T°'�� ���..,,..�� otherwlse trensferred(other than by devlse or descent),and
<br />-����� (iq 7he Proparty Is not occupfed by the purchaser or qrsntne as his or her pnc�lpel reslNnca, or tho purchaser or
<br /> pr�ntee does so occupy the Prnperty, buc his or her credk has not been approved In eCCOrdanco wkh the
<br /> ---- �� requkements of tha Secretary.
<br />_ _�..,�� (C) NO Wl11VEr. If circumstances occur that would permR Lender ta requke fmmediate pryment h lull, but Lender
<br />= does not requfre such poymants, Lendor does not walv� Rs rphts wkh respect to subsequent wents.
<br /> `°� (d) Reyuletiona of HUD Secrebry. In m�ny ckcumstances repulatlons Issuod 6y the Secrotary wlll IfmR
<br /> ����� Lender's rqhts, h the casa of payment dafnuks, to requke knmedlate payment In full and �orecbae N not pald. Thla
<br /> SeCU�Ry Instrument does noi YUliiVi�u LLI�VFJR��3„�' A'����'�����ro M nn►narmkted 6y reaulation�of th9 SeCretary.
<br /> � (e) MortqAQe Not Insured. Bortower aflress that M this Security Instrumant end the Note are not determhed to
<br />"""'�''!�� bs elpWle for hsuranCe under the Nstional Hausk+p Act wflhin 90 deVt kom ihe dats h�roof, Lander
<br /> may, at Rs option requirr immedlate payment in tull of sll sums s�cured by this Security Instrumsnt, A wrkten st�t�rtNnt
<br /> vo��— of eny authorized e9ent af the Secretary deted subsequent to 90 da�(i hom lhe date herso}, declhfnq
<br /> to Insure this Security Inctrument end the Note, shall be deemed conclusfve proof of such heifpibllNy. Notwkhstandhp
<br /> ----� the torepoinp, thls option may not be exerclsed by Lender when tha unsvallabllky of insurance Is sobly due to Lsnder's
<br /> —�---- (ailure to remk a mortqaqe fnsurance premlum to the Secrotery.
<br /> '�0. Reinstatement. Borrower has a rlpht to be rehstatsd H L�nd�r has requlred knrrwdbta p4yment In fuil because of
<br /> Borcower's failure to pay an amount due under the Nots or this Securky Instrumsnt. This right eppY�� �ve� �ftsr forecbsure
<br /> proCSedlnps ere Instkuted. To refnstate the SscurKy Instrument, Borrower �hall tender in � bmp sum sll emounta requksd to
<br /> brinq BorrowYrs aacount curc�nt includinp, to the extont thsy are obli�atbna of Borcower unWr thla SscurRy Inctrum�nt,
<br /> �^ � foreCbsura costs and reasonable end customary attorney's fees and expenses properly assoc�ted wRh lhe }orecbsure
<br /> prpce�ding. Upon rehstatement by Borcower, thls Security InatrurtNnt and th�o6lpatbns lhat k secuns sh�ll rsmaln In eHect as
<br /> �~�� M Unckr hnd not requked Nnmedlate payment fn full. Howevor, Lender Is not requked to permit refntlatement H: (i) Londer has
<br /> accepted reinstatement after lhe commencement of forecbsure proceedlnps wRhin twu years Mmedielsy pracedfnQ the
<br /> .�;� commencemant of a current toreclosure proceedinp, (II)refnstntement w{II preclude foreclosure on dMhrsnt yrounds fn the luture,
<br /> ---_—= or(Iii)rolnstatement wlll edversely aHect the prbrRy of the lien creatad by this Security Instrument.
<br /> �.�_.,,� 11. Borrower Not Released; Forbeerance By Lender Not e Welver. Extenslon of the tkne of p�yment or
<br /> —�00 modHiCfltbn ot amortizatbn of the sums secured by this Securfty Instrument yranted by Lender to Ny suCCessor fn interest of
<br /> � tlorrower shell not operete to release the Iiebllky of the orlglnal Borrower or Borrowers succesnor in htersst.Lender ahall not be
<br /> ��� requked to commence proceedhes eqainst any successor h fnterest or refuse to eztend tlme for pryrnent or otherwise modNy
<br /> ����`•'�� emortizatbn ot the sums secured by thls SecurRy Instrument by reason of any demrnd made by the orfphal Borrower or
<br /> -�; �:��.. Borcowei's succossors h Interest. Any forbearanCe by Lender In exerclsinp eny rqht or remedy shall not be a weNer of or
<br />_`����'w���'� � preclude the exercise o1 any rqht or remedy.
<br /> »�. �•�.'�;f..
<br /> ° ' • � ? 12. Successora and Asaigns Bound; Joint end Severel Llebiltty; Co-signers. rne covenants ar+d
<br /> ,�.:'•:. . . .�
<br />- agreements o}this Security Instrument shell bind and benetit the successors and assfpns of lender md Borrower, sub�ect ro the
<br /> �� provlsions of Paragraph 9(b). Borrower's covenents and e�reemen ts s ha l l b e J o h t a n d s e v e r a l, A n y B o r r o w e r w h o c o•s f p n s thls
<br /> �L Security InsUument but does not execute lhe Note: (a)is co•slgninp this Security Instrument only to mortgape,grant end convey
<br /> F,.
<br /> >,,� [ that Borrower's fnter9st in the Proparty under the terms of this Security Instrument; (b) is not personally obl i pated to poy the
<br /> �{ sums secured by this SeCUrity Instrument; and (c) agrees thet Lender and any olher Borrower mey egree to extend, modHy,
<br /> 3'.
<br /> • forbear or meke flny eCCOmmodations with regard to the term o} this Security Instrument or the Note wfthout that Bovrowe s
<br /> • R consant.
<br /> .-.__"..��:___ ____
<br /> ��" ' 13. Noticea. Any not�Ce to Borrower provided for in this Security Instrument shall bd gNen by delNerinq R or by meilhe It
<br /> � � by fket C!?ss mail unless epplicable law requires use o�another method.The not�Ce shall be dPected to the Property Address or
<br /> � . any othor address Borrower desfgnates by notfce to Lender. Any notice to Lender shall be gNen by first class mail to Lender's
<br /> uddress steted he�etn or any address Lender deslgnates by notice to Borrower. Any �ot�e provided }or In tlils Security
<br /> Instrument shall be deemed to heve been gNen to Borrower or Lender when gNen es provided in th�peragraph.
<br /> 14. Governing Law; Severebllity. This 5ecurity Instrument shall bn govorned by Federal Iflw end the law of the
<br /> jurisdfction in which the Property is located. In the event that eny provision or clause of this Security �nstrument or the Nol6
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