|
. � � .- - s.4-' _ , 4it\ .��'
<br /> -_=,\. .:� - .¢;; ... ..
<br />. 4:. _ v� '
<br /> L._i ^..1� �. "i :�t' :1�t^_� .
<br />.. ��y. -. . .. -.. . S
<br /> - r[� +.i(: - ::t,..� :�Y'.:.. ..t�._:.,• _
<br /> ..h�SJ� ?cJ:... _ y;. �'(4:: 4- _:�::,' `� " "� S�k.. � ' .
<br /> -- .�c .:��al�:C`Y�•S:r.� `'�.'�'`�Sit+f=,..,<.. <�Y� ':<.�� ,�,:�� � h�" t�c:• ,, �i �`E'� :<.=' k�r�i�' =i°;i., �:``.�.: i:Yl,.� ;€ .
<br /> — —--__ '�'�'i'_�-'_,��4_'�i: :;ii's;��=i.. P-�. -c.�rcr.:a.Yg1�t_�o`',+��'hc.� F� �'' ;•;1�,',ac3q�` ��'��. °Y� "�c � C ���i�SK�� - �� c-:::•.
<br />-�.......:. �_: _ .
<br /> - ""._ � ' .°. � -F: ����_�. � �:a�,.,.,.�;��-
<br /> __a����ia�xa.�+�.,a.,cac'a�� ��_—� .A�Y�tI_�"e1.��S.a - v �� =i' ._
<br /> - _— - =�`� - - -�L.;�.�..,�
<br /> --_�_.__ . . _t._t_.�- - _ _� ----
<br /> �T
<br /> ....
<br /> _. - _�__ �. ., --- - -._ -- --- - - --- -
<br /> -- -- — - -----..,�_:.���. — - �.�
<br /> � �...._-_ . ! .____._ ` �
<br /> gpw.,. �Oi 184
<br /> , � �ny apptication af the proceeds to the principa!shall nat extend ar postpone the due date o�t�ir.rnant�:Iv pa;nments.which
<br /> . are referred to in Faragraph 2. or change the amo��nt of such payments. Am'excess prnceeds over arr,amr•�i�tr required co
<br /> pay alt outstanding indebtedttess under the Note and this Security Instrument shall he paid to thc enti^,�leEtal�v:ent:tl:d thcreto.
<br /> � 8. Fres. lender may collect fees and charges authorized 6y the Secretary.
<br /> � —
<br /> � 9. Groends for Acceleration of Debt. '����
<br /> (a)DefAUII.Lender may.except as limited by regulations issued by the Secretary in the zase of.payment dr.`�ulWf require �
<br /> immediate payment in fult of all sums secured by this Security (nstrument if:
<br /> (i)Barrower defauits by failing to pay in full any monthly payment requi,-ed by this Security 6nstrnrn�nt p►cor to
<br /> or on the due date of the next monthly payment. or
<br /> _ (ii)Borrower defaults by f2iling, for a period of thirty days, to perform any other obDigatio��cantairsd in �tti5�
<br /> Security lnstrucuent. � �
<br /> • (6)S�2e Wit6ou!Credii Approval.Lender shall, if permitted by applicable law and with the prios arFrnva! 4f;ttiR.
<br /> Secretary,requare��r.nediate payment in ful!of all the sums secured by this Security Insiru�tene if: .
<br /> � , (i)Afl or pan of the Properts is otherwise transferred(other than by devise or descentj by the Sorrotver, and
<br /> .,:. j (ii)'Ttie ProperEy is not occupied by the purchaser or grantee as his or her primary or sFcondary resi��nce,or the ,
<br /> J purchaser or grantez does so occupy[re Property but his or her credit has not been ap�roved i¢�accatdance with
<br /> the requireine�ts of Ehe Secretary.
<br /> �`�.�i (c)No Waiver. If circumstasaces occur that would permit Lender to cec�uire immediate payment in fut7:;but Lender �
<br /> � does noi req�ire sach payrrtents, Lender does nat wa�ve its rights �vitfi� respect to subs.quent evenG�... �
<br /> � (d)RegnlatIons��.iIUD 5eemiary.ln many circumstances regulations issued by the Secretary will lieaait Lender's rights
<br /> • in che case of payr�tent defaults to require immediate payment in full and foreclose if not paid.This Security Instrntrrr.nt
<br /> does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary.
<br /> � , 10. Reiastateraent. Bonower has a right to be reinstatsd if[.ender has reyuired immediate pay�rcant.in fu11 because of
<br /> Borrower's fait�e to pay are amount due under the Note or this 5ecurity lnstrument.This riEht ap�lies even after foreclosure
<br /> proceedings are institutetS.To reinstate the Security Instrument, Borrawer shall tender in a lum�surci all amounts required
<br /> ' to bring Borrower's accaiurt current including,to the extent they are obligations o�Borrower under this 5ecurity Instrument,
<br /> � fareclosure casts and eeasar�.-�.i�te and custornary atcorneys'fees and expenses properly associated with i�^e for�closure proceeding.
<br /> � Upan reinstatemEUt by Hctr�a�ver,tfis Security Instrument anc�tr,�:�bligations that flt secures sha!!remain:in effect as if Lender
<br /> had not reyuiced ifr,ia�d�su�payment in.fuJl.However,Lender is rrat required to permic r.�instatement.if:(u?Lender h:�s accepted . ,
<br /> ;, reinstatement after.he ctimmencemene o�foreclasure proceedings within two years imrnediately preeed:n�the commence�ettt. ' ; ';:�-.
<br /> of a current foreclosure praceeding, (ii) rein�tatement will preclude foreclosure on different gio�lnds in the future, or{ii.i) � "�__
<br /> . � reinstatement will adversely affect the priority of the lien creuted by this Security Instrument. ; _
<br /> { 11. Bonower No!Rele�sed; Forbearsace By Lender No� p Waiver. Extensio� n;tf:e teme of payment or modi�cation '
<br /> of amortization of the sums secured by this S�curity instrument granted by Lender[o any successor in interest of Borrower
<br /> shall not operate to release the liability of'the original Borrower or Borrower's succ�st�r in iut�r.ss.Lender shall not bc rcquircd = -
<br /> to commence proceedings a�ainst any successor 3n intcresi or refuse to extend time far Q�ymont or other�;�cse modify amonization `�
<br /> of the sums secured by thisS�eurity Instrument by reason of any demand mAde by the flry.,ginal Borro��ec���-Borrower's successors �t=
<br /> ± in•interest. Any forbearance by�.end�r in exercising any right os remedy sh�ll not br,a waiver of or�r�:.+i-d�;thA exercise of
<br /> � any right or rem�dy. '. .
<br /> 12.Sace+�€�lcs artd Assegn!;�iound;Joini and Several Liability;Co-Sil;rters.The covenants and agreements af this Securitg?
<br /> ' lnstrument shaE!6ind and benefit the successors and assigns of Lender and Eiasrower,subject to the pravisions of paragra�v:�r•� '�;
<br /> 9.b. Borrowec'4�ovenants and agreements shall be joint and several. An, �orrower who co-signs this Security Instrument �
<br /> but does not e±:aute the Note:(a)is co•signing this Security ln5trument only to mortgagc,grant and convey that Borro�vcr's �
<br /> interest in the Property uncier the terms of this Security Instrumcrt; (b)is nvt personalty obligated to pay the sums securcd ��,
<br /> , by this Security lnstrument;and(c)agrees that Lender and any other Borrower may agree to extend, modify,farbear or make --
<br /> any accommadations with �egard to the term of t�si4 Seeurity Instrument ��r the Nnte without that Borrowcr's consent. . ��; ,.�;:
<br /> l3.Nottces.Any notice to Borroti�rer provicled Par in this Securiry Instrument shall be given by deliverirtg it ar by mailing �
<br /> it by ficst class mail untess applicable lar.requires use os ano:h�:r r:cthod.The notice shait oe directed to the Presperty Address
<br /> � or any other addrw�ss Borrower designates by natice to Lcnder.�s;y notice to Lender shali be given by first class a2ai�to Lender's
<br /> address stated herein or any address Lender designates by notice to 8orrower.Any notice provided far in this Security Instrument
<br /> shal! be deemed to have be�n given to Borrower or I_cnder when given as {�ravided in this parAgraph.
<br /> ' 14.Governtng L�w:Severabjllty.This Security Instrumcnt sh�l1 be boverncd by Federal I��v and thc law of the jarisdiction
<br /> in which the Property is located. ln the event that any provi�io» ar clause of this Securily lnstrument or the Note conflicts
<br /> with applicaUle law,such conflict shall not aPfrct other provisions of this 5ecuriry Instrument �r the Npte which can be gi��en
<br /> effect without the conflictinb provfsion. To this end the provisions pf this 5ecurity- Instrument and the Natc are dcclarcd tv
<br /> be severablc.
<br /> 15. Borrower's Copy. Borrower shal! be given onc conformed copy of this Sccurity Instrumcnt.
<br /> 16.Assignment of Itents.t3orro�scr uttconditionalty assigns ancl transkrs to LenQcr all thc rents and revenurs of'thr Praperty�.
<br /> gorrower authorizes Lrndcr or l.endcr's agents to cnllect[hc rcnts anJ rcvrnucs and hcrrby dirccts cach tcnaut of thc Nroperty - --__
<br /> ta pay thc rents to t.ncler or Lender's agents. Ho�vever, prior to Lcnder's noticr to Borrower of Horr�tser's brcach c�f any '
<br /> rovenant or agreement in the Srcurity Instrument. 13orra�vcr shal) collect and receive.�II rents and revenues�f the F'ruperty �
<br /> as trustce for the bettcfit oF Lcnder and 13orrotver. "fhis a.ssignmeut af' rc�its constitutes �m ab5ulutc assignment and not c�n
<br /> assibnmcnt fnr additional sccurity only. •
<br /> - !f l.endes get-Q<.ses�lic:LSI�JI�L'C�t�L2�fii(s'.et:daf as!rcnE�rccci+:ec3 t►y t3a�rc�uer shali i��Iteitf t,g {3v��a�vr� ��.tru.tcr i�vr . '"""'
<br /> henefit of Lendrr only. t'�be applied tu the sumti hecurcd by the Security� In�trumrnt; !b) I.cndcr tih�1I) Itl' �011llCCl lo �UIICCt �
<br /> � � and reccivc all of�he reuty of thc properly;an����<<«:n c�n���u ��e�n� r��,�,�r��� ��,.��i nay all rcn�ti�luc.wd ui�pai�i ta I cuQrr
<br /> ur 1 cnd_r'� agcnt �n Lcndcr's ��rittcu ctcmancl t�� thc teir,uit.
<br /> � d���r�»���r tr<�ti��«r�:x«<�t«f���y rr�ar�S�;I,mncnt i�f thc rcnt�und Nci�uut and uill mel rert��rm any:�rt�h.it ,�c.►ilil��rc�rut ��..
<br /> Lcndcr fri►m rtcrcisiug itti righh t�nilct this{�ari;±rt�iili Ih.
<br /> ��
<br /> ''� ' �Cfl(�CY iI1dII t1U� fl�tC(�Ul�l'lJ(t�Cllll'f tlltvli,Gt�.0 Cnllti�i��if�iI It1,1111i�I1I1 ti1C��{t���c:tt� ��Clt��c�+1 eltc't t�t��lir•tl�:l��'�'��f htCdi�l �
<br /> tc� Istsrtuttct. llu�st•r�•t, f e�ttli•t t�t [t tutli�I.tUv �t(?puttttccl rcccircr tn.ti �f�s rz� at an�' Fime thc•�E' t. .4 ia�•.�4h 1h�. d����li�.i►ia,n n -
<br /> c.i tcnf� chali nnt ci�rc nr «aite ,t(ty if�i�iitl i�f Inv,tltc�:Ue :tiir t�th�r uitht n� ic�i�rtit �rt 1 ru�tr�. lf��..:,tiic�iiurut �ff rci��-nl
<br /> � thr 1'r��#��tFt .li.�lt tci�nnialc ��h�n tl�e drhl ��•�nrc�l h� th� �c�ur�t� tri�trut�irnt i� p.�u! ttt tutl
<br />__.. � t
<br /> �:, .__.____,--___�_.-- - -_._-- ------------�..__......� r, . ..� f � `__.�._..___ _ _._ ._. . . �
<br /> .•,�!'r�+
<br /> .
<br /> :s;'
<br /> , �
<br /> -°_.
<br /> • - ___- - -- - _- ___ _--- _----_ _.� -- - ------ -- -- _----- ._.—...--- ----- -
<br /> 4�'=- ...s. _- __ -__ - - -
<br /> .. • ' , ' .- s .._� - _-___ . -�f��eW"1. �I.'�:.lf=Y� -�_C'.",:1L. ___.
<br /> �"�..��� ._: " _... rss ___
<br /> . .. . ... i�. . �...
<br /> �•
<br /> . . .�! .. � . • . ". . . -'.� ' � -_
<br /> _ . . -.��... � _.
<br /> _�_'__.�.�_ .'_'..__._....._...._ _ '_._ "..__ __.__
<br />. ___-___ .�__. _-.-__'. ____.._______ . .__._ __ ..-___--._ _ _
<br /> _ ___.` '_ ._ -_ ����---� ,_..--°.+�-�an-r-v�-_�. _ . ' .J . . . __..-- y--� . .. ..
<br /> � � t'� �� ' " .. . .. 1' - . R�__ __. "
<br />
|