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<br /> 9.C�oaads tor ARebestIon ot Be6� '
<br /> : - -_— - -{=D!�'N�t.-i.�td�c�tag���liFCSitec2 b;�ul�titssssi�ua!3sy tiso Sxretas3►ia tho r�e cE gs,�taest dtfaults.req�sirc , • -' _ ,_� _ _
<br /> immediate paymeat in fuU of ell sums sccured by this Secucity Instrummt if:
<br /> (i)Harrowu defauits by failing to pay ia!Wl any monthty paymedt required by this Security iastrument prior to u:on '
<br /> � the due daie of tine aext monthiy payment.as
<br /> (t')i Borrowet defaatts by fa�ing,for a period of thirty days,to perfonn aay other obfigatioas contained in this Security
<br /> Ittttniment. '
<br /> (b)Sde Withaat C[edit Approvol.Leader shafl,if Pemrittod bY aPP�6de taw aad with the ptior appmval af the Secretuy,tequine '
<br /> imrnediatz paymem in ftill of a�l tLe sum4 sxurod by this Seauiiy rncmr..�nm�
<br /> �.
<br /> (i)a!I or part of tSe Ptaperty is at�ernlse transferrad(other thaa 6y devise or desoesrt)by the Borrower,and
<br /> ' (u)'Ibe PmpeetY is nat accQpied by tde pnrchasec or gr�ntee as his or ber primary or seoondary res'sdsaoe,ar t�p�5aser or
<br /> ,,; .: �tee das so ax�spy the Paoperiy 6ot 1us or her cxndit has mt ha�apprnved in aoaa�danoe wit�the�equ'vrar�s of t�e 5acsetary.
<br /> (c)NoVYaher.If cuc�MA�se.v oocur tLat woutd permit Lxader to require immediate payrnent in fiill,but LendeE do�not �
<br /> require such paymcnu,I.eader.dats aoi waive its rights wiW respect to su6sequeat ecents. .
<br /> [d)B�a1�tlns�H�JD Stcrttt�.tn manY sircnmsieaces regWations issuttt by the Se�etaip vv11(amit l.endcr's rights,in
<br /> the case of payrt��t�l�a.�Iss,to c�uiae��iate payment in full and fomlose if not paici.Tfais S�vrity Instrutrter�t does •
<br /> � � not seihnrme acce��e�ar forecfosare if nat permitted by regulations of the 5ecretary.
<br /> • IO Rd�ststeeeot. Borrawer has a�ight to 6t reiflstated if Lender has requiced im�assd�te payruent ue fu116ecause of
<br /> � Bonower's failtue to pay an ama�d�e under the Note or ihis Security Instrumeat.This dght app��even after forectosure •
<br /> • praxedings�ere instiiutec�To reinstate the�ty/nsuuuteat,Banawa shaII tender ia a Iump sum att amounts required to �
<br /> 6tiag Borrov�er's a,ccaunt curreni inctuding,to the extent they are obligations o€Boaou�a under this Security[nsuutuea�r
<br /> . foradosure costs and reasonabte and cuswmary attomey's fees and ex�sa proye>3�g associated with the forect3�
<br /> pmc�diag.Upoa reinstatemeat by Borrower.Wis Savrity Ins��tent and the obligations tfi�t it secvres shalt remaia u���e�as
<br /> - , if 1,eader had not required immediate paywent in fu11.Howe�-ec,Leuder is not required to�ersait reinstateraent if:(i�Il.�'er has
<br /> accepted reinstate�eat after the commrnCemeat of forecioswe proceediugs within taa years immediatelg preceding the
<br /> commencemeut of a ccseent fareciosure praceeding, (u7 reinstatement w�I��eclud'e foiettosure aa differeni gounds in the -�
<br /> futwt,or(iu)reinstai�i wiA adversely affect the priority of the lien created by t�is S�uriry Zsis�•rursent.
<br /> ll. Bo�roRer Not Rettesed;For6wr8ave By I.eadu Not s Watver.Extension of th.tsme of payment ar modificadon of �
<br /> ;i, awortizatian oF the sums secured by this Security Insuument gEanted by I.ender to any successpr in interest of Honawer shall not
<br /> � operate to rete3se the liability of the original Borrower or Bonawer's successor in interest. Leudes shall aot be required to �
<br /> , , commence procudings against any successor in issterest or refuse to extend time for paymeat or oth��3e modify amortization . -
<br /> . af the sums secnred by this Security tnstrumeat by reason of any demand made by the original��onower or Burrower's � ;
<br /> ' successors in interest. My forbearance by Lender in c�ercising any right or remedy sha�not be a waiver of or preclude the "
<br /> execcise oY any dgAt ar remedy. .
<br />: 12.Sas�ssars tad Astitga�Bau�d;d�iaf aa�Several LlaDftity;Co-3lgnere.The covenants and agreements of tfis Security j. _
<br /> � Insuument sda116ind a��beaefit tAe successors as;�acsigns of Lender and Horrower.subject to the pro4isi��s of paragraph 9.6.
<br /> Bonower's covenants and agreements shal}be joini and several.Any Borrower who co•signs this SecuriFy lnstrumenE but daes � .
<br /> not eaecvte the IVote:(a)is co-signing this Secosity Instrument o�iv to mortgage,grani and convey that Borrower's interest in '
<br />" the Property under the terms of this Secarity Instrument;(b)�s n�,t personally obltgated to pay the sums secured 6y this Security - �f
<br /> lnstrument; and (c) agrees that LeaQer an0 any other Aorrower :^.ay agree to extend, modify. forbear or make any
<br /> � accommodattons with regard to the term of this Security tn�c,a�nem or the Note without¢Aat Botrower's consent. • :,:�
<br /> .�.
<br /> l3.NoUue.Any nottce to Borrower�rovided for in this Security Instrument shall be given�sy Qelive:'sr.3 it or by mailiag it by ` � "
<br /> ,. :S;i:�
<br /> ; ftrst class mail untess applicable law rec�rsires use of another methoQ.The notice shall be direaed t�a the Propeny Address or any {�
<br /> � ;; other address Bonawer designates�y r.�asice to Lender.Any notice to Lender shall be given by frrst t3�ss ar:ail to l.ertder's address �s
<br /> � stated herein or any address Lender��:�3nates by notice to B���sv-er.Any notice provide�for in th'u S:w�rity Instra�crtent shaU �,�
<br /> be deemed to have been given to�o:tower or Ler�er wh;n g:vr as provlded in this paragraph. � �
<br /> ; f
<br /> ; ' � U.Covmning I,aa;5everabiti2y.This Security�nstrumens sha11 be govemed by Federal!aw and tta�f��w of the jur3sdIttion in ,`•,t,
<br /> � whicb the Property is toated,tn t4�s avent that any provision or clause of this Security lnstn�merst o:the Note canflicts wlth ap- '
<br /> plicable law.such conflict shall r.�:zffect other provisions of this Seeurity Instrumene os the No!e wbich can be given effect t':��'
<br /> withoui the conflicting provision.. �'a this end the provlsions of this Securlty lnstrum��aod the Note are dcclared to be ;�!
<br /> severable.
<br /> ���:.�:;:
<br /> L5.Bortopst's Cop�.�riovrer sha!! be givea a:�:conluruied copy of this 5ecurity lnstruraent. •
<br /> ,' 16.Asslsemeet�of Rratv.Sonower vacotrdicionally assig�,s and uansfers to Lender all tr:rents and revenues of the Property.
<br /> , Borrower a�sthorizes Lender or l,e��:r's agents to coltect thc rents and revenues and hereb�directs each tenant of Ihe Pioperty
<br /> to pay the rents to i.e:��:r or Lrnder's agents.However.prlor to Lender's rtotice to Bo-rowrr of Bozrower•s breach af any cove-
<br /> � ; nant or agreement ir�er:Seca-icy Snstrument.Basrower shall couect and receive ai�cer:s and revenues of the Propeny ac trustee
<br /> Por t?te benefit ot Ler.r'�r a,^-d�o;cowet. Thls assi�;aent og rents constitutes�a'sso'.��e assignment azc�not aa asslgnment for
<br /> �. _ . add�tianal.security.onty. .... . . .. . . . . . . .. . .. . . ... .... . . . . .. . .._ . . . .__.. .
<br /> .� 1f Lender gives natice of breach e�13s*rowec(a)all rents receivcd by Borrowcr shalfi�t�e,��t�y 8orravrer as trustae Por bene�t
<br /> of Lereder onty,tq be applled ta 1he s�rrs secured by the Security fnstrurnent;(b)Lender.st,�1�6:en^iEted tr�ou}lu!and receivN all'
<br /> � of the rents of the Property;and(t i ea:i'cera�:�3 2he Property ahaU pay all rents due an;S�a�:�aa l.e�rid�z or I.ender's soent -
<br />� , on l,ender's written demand to the ter:a.s:; .
<br /> 9otrower hs�s nat executeC aay p:iar assignmcnt of the rents and has not and witl no:pe,fEUm eMY 2�ct that would prevem .
<br />' � Lgnder from exercising 1ts rtghts�:.�r:,:r this paiagraph 16.
<br /> � Lender shal!not 6e required co e�}.tt upon.take cvntrol of or�malatain the proDerty be'�a��e or after giving natice Ut bteach to
<br /> Bnttower.However,�ende�or a jr:•diciaUy appointed receiver may do so at any time there is a brearh.Any appllcation of rents
<br /> shall ndi cure ot waive:�rp�'i;fa�.t or invalidate any oiher right or remedy of Lender. 'Fhis assi�nment of rcnts of the i'ropcny %`—_- -`-
<br /> � shall terminate when iKr.�_iN:secu:ed by the Secu►ity Instrument is paid in full. •
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