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1 � 9.Groatds tar Accekntlon oI OeM. Qn�•. 4 �1� A♦ !? _ (�}p�taalt.Lender may.�ccept as timited by rcgulations i4sued by.he Secretary in the ca�lSf paymEniM�a�s�r�ire � immediate payment in full of alt sums secured by chis Sccurity Instrument if: (i)Borrower defautts by faiGng to pay i�fult any manthly payrs►eiit required by this Security instrument prior to or on the due date of the neat monthi,y Payment.or � (ii)Borrower defauits by faiting,for a period of thirty days,to perform any other obligations cantained in this Security � �nstrumrnt. (6)SWe IMtSaui Credit Appc»val.i.ender shall,if permiued by applirabie law aad with the prior appmval of the Sccretary.c�uite inta�ediate paymeru in full of alI the sums secured by this Securiry Insnvment if: (i)All or part of the Pmperty is othenvise transfermd (aher chan by devise or desceml by ttje Borrower,and (ii)7'he pr�pe�ty is not occupied try the piuchaser or p,rantee as his or her primary or seconclary residenoe.ar the purchaser or �-dr8oe does so otxvgy the Property but his or her credit has t�at been appmved in aocordan�e witb the reuuiremeNs of the Secm,taiy. (e)No Watver.If circumstar►ces occur that would germit l.ender to require immediate payment in full,but Lender does not require such payments.Lender does not waive its rights with respecc to subsequent events. �d)Re�ulatloas of HUD SecreYary.In many circumstances regulations issued by the Secretary wiU timit Lender's rights.in the case of payment.defaults,to require immediate payment in fuli and forectose if not paia.This Security lnstrument does . not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. 10. ReSast�temea4. Bonower has a right to be reinstate�if Lender has required immediace payment in full because of � Borrower's failure to pay an amount due under the Note ar this Security[nswment.This right applies even after foreclosure procadings are instituted.To reinstate the Security Instrument.Bonower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the entent they are abligaaons of Borrower under this Security Instrument, forectasure costs and reasonabte and custumary attorney's Fees and expenses properly associated with the foreclosure proceeding.Upon reinstatement by Borrower.this Security Instrument and the obligations that it secures shall remain in effect as _ if L.cRder had not reqwred immediate payment in full.However,Lender is not requirec!to permit reinstateme�it if:(i)Lender has accepted eeinstatement after the commencement of foreclosure proceedings within two years immediatelq preceding the commencement oF a current foreclosure proceeding, (ii)reinstatement v�il! preclude foreclosure on diffQrent grounds in the tuture.or(ii7 rei^�s�tent will adversely affect the priority of the lien created by this Security Instrument. Il. 6ocro�rer No!Released; L�orbesirince By Lender fYot A Watver. E��nsion of the time of payment or mod��tion of amoru.�:;:�.an of the sums seeured b}�cbis Security Instrumene�s�=�.ce��L�:�der to any successor in interest of Borro«c:�.�"_ail no[ opera.e cu release the liability af tf�e original Borrower or Bar�-�=.e�'s successor in interest.Lender shall not be rrr�:red to commr:�proceedings against any��sccessor in interest or r_fa.��ek:end time for payment or otherwise madify aatactizatian of the sums secured by this Secur:t} [nstrumerst hy reascn cf any demand made by the original Borrower or Borrower's " successors in interest. Any forbeara�ce by Lend�er in exercisir.g any right or remedy shall not be a waiver af or preclude the exercise of any right or remedy. 12.Sncce.uots and Asstgns Bona�;Joint ond Seve►stl Li�Allity; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of l.enarr and Borrower,subject to tt►e provisions of paragraph 9.b. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this 5ecurity Instrument but daec � not execute the Note:(a)is co-signing this Security Instrument on►y to rnortgage.grant and convey[hat Borrower's interest in the Property under the terms of this Securlry Instrument;�b, . � per��ualiy obligared to p3y�he sums secured by chis Security lnstrument: and (c) agrees that l.ender and any other T3�.r .�er �.�ay agree tu extend, modify, forbear or make any aecommodations with regard ta the term of this Security t•;•.: .,•:��t „� ;he Note witho�tit that Rorrower's consent. 13.Notkes.Any rarice c�Horro�vcr pro��ded for in[his S�curiry Instriiment shall be given by delivering it or by_«�sJing it by , �rst class mail unless�;.licable law reyuireti use af another mes hod.The notice shall be directed to the preperty A¢��ess ar any� ; = other address Borrower designa:es ty n�tice tn Le7ider.Any co:+ce ro f.ender shall be given by first c!ass-_�:l to Lenr�;°'s addtess . __ stated herein at any address Ler.3::uesignates by noiice.�o IIz;:...••tr.Any notice prov:�a3 for in this�:curity 1n�t:.ica:nt shall bc deemed to have been�iven to Ra:rotiver or I�ender�}hcn E. =:s as pr�vided in this pzsagraph. ' 11.Govemteg Lww:5tverobUity.Tt�is Security l�strumenc ti:�all be governed by Federal law and t1:e 1.�w of the iurisdiction in � whicb!he Properiy is locate�.ln the event tl�at any provisi�.�,ur clause nf this 5ecuriry Instrument or�l:e:tiote conflie[s witb ap- • plicable taw, such canflict shall not afPect other provisiun�. of this Security Instrument or the?�ate ui::c`�can be given effect � . withaut G.'�e conflicting ptovisior To thic end the provisions of' this Security Instrur.::ac and the Note are d�_lared to be �'' seve�3�1.. �. LS. Bono�rer's Copy. Horrower shall be given one confr,�.ncJ r�py of'�hiti Security Instrumcni. �� 16.Assljnmeet ot Rents.Ilorrower uncondiiiuc�ally assigu,and transfers to l.ender all the rents and revenues of the Property. Borrawer authorizes Lender or Lcnder's agents to cullect thc ren�s and revenues and here�y direcls each tenant of�hr Property to pay the rentc to Lender or I.ender's agems.However,prinr ro 1.ender's notice tn Uorrawer of HorrowePs breach of any cove- nant�r agreernent in the Security lnstrument.l�arrower sh�'t_�:icct and receive all rents and revenu;s of the Yrapeny as trustce for Ihe benefit of Le;�der and Borro�vcr.This�ssignment ot rcats cnnstitu,e9 a�i absnlute acsignment��not F►n assignmcnt f"or additional security only. If 1 end:r Rives notice of breaeh tc�Uorrower:ta1 all rents rece:ved by Horrower chatl be held by Rorrouer as trustee for benefit of Lender only.to be applied to the sums secured by the Secun;y lnslrumetu;(b)l.ender sha11 be entitled ta collect and ceceive nll uf the rents uf tlte Yroperry;and(c)cach tenant uf thc Nruperty shali pay all rents due and unp�id to t.encl:r ur L,end:r's agcnt un l,ender's wriuen dtmand ta the tenam. Uotrowu has nat executed any priut assignmrnt nf the rents and has nut anJ will nvt perfarm r�ny act ehat wciuld prevent l.ender from exerc�tiing its rivh�c un,t:r thic paraRiaph 1G. Lender shaU not be reyuired tc�enter upan,tahe curnrol of or maintain Ihe E'ropeny hefateur after giving notice uP b;each te� F3orrower.He�wevet.I.end.r ur a judicially��ppuintrJ receiver may do so at any time there i�:i�t�rrach. Auy applicau�m c�f rent� , shnll uot rure ur aaive any default or invalidate any ctlicr right or remcdy uf Lendcr. 7hi�.issignmcnt uf rent�uf the F'n�pertti• _-, ___ shall termin�te whcn the deht secured by the�ccurity intit�umrnt is paid in [ull. . � �� L � �� �. �. �� . - t �.. _ _ E.��. . ,� � . .. . ___ . .. -_ -�-T'=., -.'_-?;.-.-..'_ .4?'-=;��iiF'.f._�?? --- --- — - - -�.., ...._.o . �,.—_��..�..__.: �:"."_..�"---.:.��.�-_.��.-� — - .. - __-' -'- - —. -_.._ . _ — _ . . .-- -- � - ---- --- - - ---_._ . � .._ .—r: .�,.._--�--.---.--. �.,._..�:. ._ _z _ . . . . . _ . . , „" _ .- -, . . . .�..- — . � �� ._ ... , .. . � �• . . � .. . . . ' `,�I4 ��:iiiR�sif�'c�rY'�r-��- _ . ... . . J . 4'�' . .. . - . l � t. . . - . .� . . . . . ' ��. .• .. l��i.aa�ihl�. .. .i . .i�..��... .._._.�._.__.��____...