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<br /> 7. �ndomnattoa. The proceeds of any award or cdaim for damages..dPreet or conseque�Ual,in coanection wiih eny �
<br /> condemna�on or oiher tekktg of any part of the ProDertY.or tar corrvEyance i�p�ce ot condemn�s'an,are hereby essigaed�and sliak be pa=d• . .
<br /> r to Lender to the e�¢eni of the tu0 amount ot the fndebtedness that remains unpaid und�the Note and th[s 3ecur�y.InsUurnent t�dzr
<br /> sha�appty such ppcceeds to the�tction of tha indeb2edness under the Note and this Secucity tnsirument,fust to erry.delinqueni arpounts
<br /> appfied�tks order provided:��graph 3.a►td lhaa ta�repayr�s�t a!Ptnttc�pat• MS►ePA��o�of the proceeds to the prfincipai'shatf , ,
<br /> : noi ex[�d or postpone the�r,c��te at the monthty payments,whict�are ref�red to in Paragraph 2.or cfiange the mnourrt Af such paymestis.
<br /> Any excess proceeds over ars��cmt reqetred to pey aH outstandinq indebtednes.s und�the Kate and thts Secnrii�r.inst�ument shaD be paid
<br /> to ths entity tegaQy entiited theceE�. ,
<br /> 8. FeeB. L�rc�may ccUect fee,s and cAarges authodzed by the Secnetary. � "
<br /> 9. Grounsls for Accstention of Deb� �
<br /> (a) Daiault. I.ender c�y.except as runited�r r�ations issuea oy the s��.tn the csse ot ga}jraenFdet�,fts.requira .
<br /> , Fmmec�ate payment In tuU of atl sums secured by tPvs Seeurity[nstrumenf fi � . • .'
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<br /> ,- . n Bortower defautrs 6y ta�'mg tg.,;,Q,�.in iu!!�.�y manthly payment�cqu'sed b�'tfiis Sec�u't;��iri�um�rt.prfor to or on � � ,
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<br /> the due date of the next ma�h'�-,�rnesci,as . • • ..
<br /> • � , • -" u 8orrawer defautts by 1a�ing,fa-g perio�ot thfRy days,to pertorm any other obligatlans cantatned irt:thls Sec�lrit�/.• � �
<br /> fnstr�ment. ' .
<br /> •� ..: �
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<br /> . ., . _ . {b� S�I�Without Caedit Approval. Lender shafl.iE perm��t1y spq�te taw and with the p:tor.&g�si?�ti-�a!•ttieSecretary. • -
<br /> .' require httmedate paymer,:i-F�ti o1 ali the sums sc�red by this Seci.-�t��l�+�ia�nt ii: , ,
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<br /> � (�All or part ot the Property is�:�SVJse translened (ather.t3-.��'tiy�'de�.�se or desc�ntJfby.the 8orrower,and ,
<br /> . ' n The Property is not occupied by the pur�.�or grantee as`hf�;q�t���ptl:nary or.re„�r,dacy c�t.�ys,or the �
<br /> �� . � • purchaser or gra�tee does so occupy the Praperty but�hl�or 6er cred't;FiLs not been approved tn�a�..�ance with the
<br /> requirementa of the Secretary. � � . ' .. �;;:,,�
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<br /> � � ' (C) (�!O WBivei. tt circumstances a:r��..�r tha!wr,uid pamt�t�ider:to requlre immediate payment in fu0, butt.ender .
<br /> does not reqaire such payc�n�ts. LenQer does nui watve its ri�htS with�respect ta saBsequent avenis. :r�:,,:.:-;
<br /> , ��(�. _
<br /> (dj R�gulattans of HUD Secretary. tn mar►y�.�clraumstaaces�egulattons issued by the Secretary wilf limil Lender's � �.;�,�..
<br /> Nghts in tbe esse of payment defaults ta�e�uira fm,�n�diate payrt�enl in tutt and torectose if not paid. This Securily -
<br /> fnstrument does not autharize acceleration ar.to7e^.tosure A no!pertnitted by regulatlons of the Secretary. �
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<br /> 10. R�instatomont. Qoaower has a rigM to be r�!�sts'ed'ii Lender has required immediate payment in futt because of .3�
<br />: Borrawer's taiiure to pay an amount due und�tha Nat�r o*,th'�8ecurity tnstrument This dght appifes even after torectosure proceedings :;
<br /> ' ara in�tituted. To reinstata the Searrity InstrumEnt;�Bor►owe�chaiF tender in a lump sum aH emounts required to bdng Boaoweis a;.ra�uni ; .
<br /> current Inclu�ing,to the extm!they are oblig�t`Is:r2 a�;BarRrn�ur►Cer this Ser;.�^.fy Inshument,torectosure cost�ead reasonable an�i�` ��
<br /> � ' , customary attomeys'tees an9 expen�es properfy assoda*.�d w`!.�z the foreeto5c:re proceed'utg. Upon r�instatement b�Cartower,this Securily �t ��
<br /> Instrument and the obligatians 1hRt iY:�Tes:sha,tt�rertiain tn eNect as N lertder had nct r�uired immedlate paymert rn Aall. Howaver, ,��� �`�'
<br /> ,' Lender Is not required to permit relnstal�tr�stl.IY`(P�,Lrende►has accepted r�instatement aiter the commencement of tareClosure proceedings .
<br /> within two years immediatey precedin9lha c�mm�ment o1 a cuRent foreclosure proceedtng, (t�rein�':��ent wilt prectude toreclosure '
<br /> on ditterent grounds tn 1he tuture,or(iii)retnyfat�l w111 adversety aNec1 tha prioriry ot the 11en created�y thfs Seaadry � ���y�
<br /> Instra;�-x�l. '
<br /> i,;;
<br /> 1 L 6orrowe� Not Reteased; Fartisa►�ance By I,snder No!�a Waiver. Extension cf the time oi paymeMa cr rn�difleation , '
<br /> of amarttaaUon o!ihe sums secured by thiu'Spa,r,,y fnstrument granted by i.ender to any suacessor i.�s�nl�rest ot 8oaower sha3�a�t
<br /> operate to ►elease the Iiabillty ot th�a:iginal 6cr3wer or Borrawer's successor in lnierest. Lender shal`rot be requi:ed to commence
<br /> proceedirtgs agatnst any successar�n IpLerest or rofuse to exte�d ilme for payment or nthenvlse mod:�!y:a�riortizatian af t�e aums secured •
<br /> • by thts Securi _Instrument � � ' •
<br /> _. _.ty __ Dy_roasdl of a2y:demand_madQ by she odginat.Bonowec_or Borrower�S 5�CC6SSOf9 Ip iRY�l85I:-Any forbearance-�----- --� - ��� --�- - -�
<br /> , by Lende� in exercistrtg any dght or ranedy sh�l2 rr�t be a waiver of or preclude the exercise o}any righ±�or remedy.
<br /> 12. Sueeeaaors and Agsigng BouRd;�'a{nt �etd Several liability; Co-Signers. �h"e co�i:��^2�and aqroements
<br /> of thi9 Security Instrumen!shatl bin�Attd benefit ih�s�C67�,..,s�;s arsd asslqn9 01 Lender and 8orrower,subJect to th�provisions oT�
<br /> paragraph 8.b. 8orraHer's co��enaniA and agreer.�ents shali bd jeint and several. My Bonower who castgns this Security Inatru�to�t.but
<br /> , ' Qoes not execute tAe Nb'.�: (ayt�'coo-signing this Secudty Instrument only to mortgag8, grant and convay that Borrower's interest.:*�L7�
<br /> Property under th�t� ot ttis Secur(ry tnstrument; (b)is not personally abligated to pay the sums secu:ed by ihis Security �nstrumeM; -
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<br /> en0(c�agrees ihat LenC$r end'�tty�.nther Barrower may sgrae to extond, modity torbear or make any aceommodatiorts with regard to the tem� ;
<br /> ot ihis Security tnsWmerrt o;;the Nate wRhout ihat 8oaower's consen�
<br /> 13. NOtiC��. Any"t1oUCe to Borrawer provtded for in this Securify tnstrumen! shall be given by de►ivering it or by mailing ! ? .
<br /> ft Oy T,rst�lass m�il unkss appNcable faw requires u5e ot anothe►melhod. The rtotlee shall he dlrectQd to 1he Prepe+tyr Address or eny . _ _
<br /> ofher addres�8oaower designates by noUce to Lendei. My notice fo Lender shall be given Cy first ctass mail to Lender's address stated �
<br /> � here'n or any addres�Lender dosignates by noUcQ to Boaower. My notico provided for in this Security tnstrumeM shall be deemed to hn•�o � �
<br /> becn gven to 8ortuwer or lender when gtven as provided in this patagreph.
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<br /> 14. �30YY1111t19 (,SW; Se�arability. 7h�s Security In�trument shp�t be qtvemed by Fcderal Iaw and fhv f;iw of fhe jurisdiction �
<br /> AA
<br /> in vlh?ch thv pr�perty Is taCat6A. in tha ttvent that ony prolisian a ctauscr ot 1h�,Securi:j(ns�rurnen! pr tF�c Riofc confhcts v�itfi � �
<br /> Y npA'�oable t�w, s�ch eflnCict sh�U nht aftect oiher prn�is��r,s ot th��Secur,;�1t�51rutnertt c�thr, tJot[•�+�h�ti ca�G�qrlen eNect -r�rthaut �
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