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<br /> 9.Croa�Qs tor Accskratlon of Debe. �V '��
<br /> (s)DetaQtt.Lender may,e�ccept as limired by regulations issued by.the Secretary in the case of payment defaults,require
<br /> immediate pay�nent in fulJ of al1 sums secured by this Security tnstrument ef: •
<br /> (iJ Borro�rCr defaults by failing to pay in full any monthly paymedt required by this Security Instrument prior to or on
<br /> . � the due date of the nex[sonthly payasent,or
<br /> (u7 Bosroa:er defaudts by Faitiag,far a�cria�!of thirty days,to�..�csrm:ssy atis.r ahtigatio,-,s c�ntaine�in tHis Securi[g•
<br /> ' Instttimettt.
<br /> (b)Sak Witboat Cee�t�lppmval.I.e�er st�il,if peimitted by applicabte taw and w ith the pnor approvai af the Secretary,require
<br /> i.*stt�diaLe paymient in full of a!1 the sums secured by this Security InsCvrne,nt if
<br /> (i)All or part of the Properry is otherwise vaasferred(other than by cievise or desceru)by the Borrower.and
<br /> (u)'iTie Propaty is�r.rt occupied fry the pumhaser or grantee as his or her primary or secondary residence,ar the purchaser or
<br /> gaffix aors so oaupy[he Property but his or her ecodit has mt been appro�ed in acoordazre with t��equircan�ts of the Sec�ary.
<br /> (ty No Wsfrtr.If circumstartces ac�iu�that woutd permit I.ender ta reqttire immediate payment in full.but Lender daes not
<br /> require such paymenu. Lender does not waive its rights with respect to subsequent event£.
<br /> (d)RsgWattoaa ot HUD Secrttary.In many circumstances regutations issued by ihe Secretary will limit Leader's righu,in
<br /> the case of payment defaults,to require immediate paymenc in fuil and forecIose if not paid.This Serurinf Ins€rument does
<br /> aot anihorize acceleration or forectosure if not permitted by reguiatians of[he 3ecretary.
<br /> E91. Re��l�R+�*ee� Bonower has a ri�hr.to be reinstaud if Leader has required immediate payment in full becaure of
<br /> �rrowcr's:a7u-re to pay an amount d�e�•sii:�the Nate or this Ser�.rjf�Iasirument.This right applies even after foreclosure
<br /> �e�:dings are instituted.T�reinstate t°..���-....;rity Ie��trumeot. Enml:��shall tender in a Iump sum all amaunts required to
<br /> , l�Borrower's account current inclL=:ca,�o the e�;.as_r_th:c•��.��.:igatians af Borrower under this Searif�y Innrument,
<br /> fazclosure costs and reasonable and Gi:%��713ij1 a:t��,v:�'s :�; ,:�d exper.:s� �tvperly assaciated a�ith tiie fnre:lasure
<br /> proceeding.Upon reinstatement by Horr�.��.this Security Instro��*�::�.�d the o��:�aus that ii sc�res shafl*rlr�.:n effat as
<br /> if I.ender had not required immediate�srr���nt in full.However,l.en�.r is not req�:�to permit rr_��tatement if:(i�Lr.zctr{i�s
<br /> accepted reinstatemeat after the co�..�cement of foreclosure proceedings u�rli� two years immediatei}•.prer-zdi�: U�
<br /> commencement of a carre.�t �`ureciosure proceedins, (ii) �einstaiement�vill preci:� foreclosure on different grounds in the �
<br /> : futnre,or{iii)reinstatea�euv��.-�I adverszSy affect the priority of the lien created G, ;nis Security Instrument.
<br /> ' Il.Boaower Not Rtles�^�';For6wa.���By Leader Not e Waiver. Extension of the time of payment or modification of
<br /> amonization��r_he sums s:z.red by[his Security lnstrument granted by Lender to any successor in interest of Borrower shati not
<br /> operate to:eiease the liar�.•'_,.�*yo uf the original Borrower or Borrower's successor in incerest. l.ender shall�nm be required ta
<br /> ce�-..���proctedings ag:r:�:�any successar in interest or refuse to extend time for payment or otherwise mndlfy amortization '
<br /> a�c�P:-ams secured by t « �ecurity Instrument by reason of any demand mad�by the original Borro�ver as Borrower's
<br /> suc:essors in interest.Any forbearance @y Lender in exercising any right or remedy shall nat be a waiver of os preclude the
<br /> ' exercise of any right ar remedy.
<br /> i2.Successors�nd Assiges$ouad;J���f fla�5evenl Liability;Co-Sigaers.The covenants and agreements of this Seca��ii� �
<br /> lnstrument shall bind and henefit the succ�sors and�.�sns of t.ender and Bonower,�r.bject to the provisions of paragraph 9.b. '
<br /> Borrawer's covenants and a�eements s}:a::be jaint and several. Any Borrower nL;v�a-signs this Security Insirument but daes
<br /> not execute the Note:(a)is co-signing th'_s Security lnstrument or��y to mortgagti, �ant and convey that Borrower's interest�n
<br /> the Property under the terms of this Se:;:��y Instrument;(b�:s�c�i per���_�al:y cb::aated to pay the sums secured by this Se�lr,"r� •
<br /> Instrument; and (c) agrees t�at Ler�er and any other B���ru�e_ -ay agree to extend. modify� forbear or make �c�
<br /> accvmmad�ttions with regar�.ta ct_:t�r.-i af this Security In�.c�..:ncr.; :.�-�ae tiece without that Borrower's consent. �
<br /> I3.Notiete.Any notice to Sorr�cver provided for in this Secunty Ir.scremeat s!��:}be given by delivering it or is?mailing it by , .;•.
<br /> first class mail unless applicable law requires use of another method.T:1e notice shall be directed to the Property Address or any � '
<br /> other address Bor�ower designates by notice to[.ender.Any notice to t_cnder shaU be given by�rst class mail to Lertder's address
<br /> stated herein or any address Lender designates by notice to Borreu:..Any notice provided for in ihis Security Instrument shall
<br /> be deemed to have been given to Hottower ur l.ender when g,ven as provided in this paragraph.
<br /> t4.Coveming i.sw;Sever�blllty.This 5ecurity lnscrument shall be governed b;. i�.deral law and the law of c•te Jurisdiction in �
<br /> which the Property is located.In the even[thut any provisio:�or clause of this Sec:,s:;y]nstrument or the Note cont7icts with ap-
<br /> plicable law.such tonilict shall noi aifec: ather provis�ans uf this 5;.::trity lnstrument or the Note which can be given effect :,` '
<br /> without 1he conflicting provision, To �his end the provisimic M ih:� Security lnsirument art� the Note are decliired �� :�:
<br /> severable.
<br /> �5.Botrower's Copy. Borrower shall be given ane confc,tmed copy of this Security Instrument. , �'•
<br /> I6.Assisnmenl of Reets.Borrower unc�-9iticmally assigns and transfcrs io Lendcr ail ihc rents and revenucs oP the Proprrty.
<br /> Borrower authorizes Lender or Lender't agents to collect the rents and revenues and t�ereby directs each tenant of the Property
<br /> to pay the rents to Lender or Lender's agenis.However,pric�r to Lender's notice to Borrnwer of Borrower's breach oP any cove-
<br /> eant o�agreement in the Security Instrum�nt,I3�nower shall coUect and receive all rents and revenues of the Pcuperty as trustee
<br /> f'c:�thc 6enefit of Lender ai�d Horrower.This assignment af rencs ronstitutcs an absolute assignment and na2;;�:as.ignr�tent for '
<br /> :��'�itiana)seaurity only. . .
<br /> lf l,ender r,ives notice of breach to Borrawer.(a)all rents recei�•ed��L�Borrower shall br held by Borrower as trustee far bcr.:C::
<br /> of Lender o7iy.to be aDplied to the sums secured by the Security Fet;t��ment;(b)l.ender shall be.ra:itled to collect and recet��e all
<br /> of z:�e rer.ts;�f the Property;and(c►each tenant of the Yronerty shail pay all rcnts due arid unpaid to(.enJer nr l,endct's agent
<br /> on :.cnder's wri�ten demand tn Ihe tenant.
<br /> fdarrawer haa nat exeeutetl :�ny prior acsignment of tFe renls .�nd ha�not and will nnt perform any act c��a: wou1�1 prevent
<br /> l,ender fr��eaercising its rights undcr this paragraph :6.
<br /> Lender shail nUt be required to enter u;r.�er,take cdntrol of or maiutain the Yroperty befbre o�a''ccr�iviag noiice oi breaeh ta
<br /> Botrotiver.However,l.ender at a jttdici�.:i:�4�pointcd receiver n�ay do so at any time there is a b:each.Aay a�;lication of rcnts
<br /> shall not cure nt waive any;l.:Fault ar invatidate any other right or rcmedy vf t,cndrr.This as�igrsment cf rer�:.�f the 1'rnperty %'-°"_---^
<br /> shall terminate when the d:�� secured by tfie Securlty fnstrument i�paid in full. •
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