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<br /> i�)Defadt.L�attsr may.excePt as Smited b]t��o�issued by the Secoetary in We cage of Faymeat defauIts�requin .
<br /> immediate paY�snt in fiill of aU s�sesursd by t6is Savrity Instivment EF: . . ,
<br /> (�BorrovPec defaWis 6p fm'ting to pay in full any monthIy paymedt required by tI�s Sea�rity Instrument�pribr tu ar on
<br /> � the due date of t6e na►t mdatWy paymeat,or
<br /> Cv7��awer defwIts bq fa�iag,for a period of tbirty days,tv perform aay otha obli�atians contained in this Security
<br /> [nsurtmea�
<br /> ` � lb)Sde Wtttiat-Cie�it Approral.I.ader s1v11,if ge�mrtted bY applic�e�aw aad wit6 We prior apprnval of the Secnetars!.�oqui:e .
<br /> immedisle payaimt in fi�li of ati tLe sums save+ed by tvis Secursy In�ume�i�
<br /> (�AII ar put of t�e Ptopsty is at6esa►ise uaasfp3ad{otdrt tLta by d�wise m desceat)bY ihe Barrowet.a�l _
<br /> (�'li�e Pcapeity is mt oocupiod by We purcbaser or pantee as his or ber p�imuy or aocmduy tesidenoe,or the pa�ser or
<br /> . g�e does so oocvpy die P�aprsty bat his orher aedrt h�not b�app�v►�ad Qe�oid�e witb die teqa�ts of the Sec�y:
<br /> (c)No Wd�er.If circumst�ncrs occur that woutd permit Lenda w require immediate payment is ful1,but Lender das aar -
<br /> requ've su�6 p�yments.L.ender daes not waive its rights with,respest to subsoquent eveats.
<br /> ` (d)Rep6Uost oi UUD 3ecrNa�.In many.circ�unstanoes regal�ltons Issued by thc$ecnetary.�tnU limit Lsndds rigMs,in�
<br /> : the csse of paymwt defa�tts.to roquue immediate paYmeat in fiilt�aad�fonctase if aat.Paid:This SecuzitY,Lutrument does _ '
<br /> • not authmjze acaleratioa ar forccloau6 If�not pemiitt�by regulattons of We Secretary.
<br /> � ,.
<br /> ' l/�.B�ai� Barrowsr kas a right w be r+einstated if Lender 6as��immediau payment in•t'uii�bc�use of .
<br /> ; Suz��cr�'s�r.�ure ia pay ei�sf3iount dr�e nuurr tha T•Tnfr or this Secariiy f��ia�rright appiies evrn after€asdos�e ` , , . _ _
<br /> . praceodin�ate instituted.To rcinstate the SecuritY Instrument,Bona�ar•sliaJl cenda in a lump sum aU amounts req�aes�¢�' ::,.�%;;
<br /> bring Boaower's acxovnt ceureat including, to the eatent they aze obligai[ons af Baaower under this Security Insiraas�; . � ' :`�-
<br /> • � forec�osure cuns'and rea4anxbte aad customazy attorney's fas and'expcnses properiy associated with the farectasun'�
<br /> ' proceodina.Upon reitlstate��it by Bonower,thit Securtty Iusuumeai and the obligati�as that it saaues shall remain in effect as � � '. .•
<br /> ` if Lender had aot nquired immntiate payment ia full.However,Lender is not required€o permit reinstatement if:(�Lender has � ` '''
<br /> ' acapted rei�tis�ent aftes;?he commeacement of fanclosur� proceeding,s withia iwo years immodiatety preceding the `'
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<br /> � comm�ce��cs,aEa cu�e�s���osun procecdiag;fi) reinstate�eat w71 prect�ide foredosure oa different�ounds in tht
<br /> , future.or('�n)re�'statement�.adversety.�affect the priority of the lien crCtted by this Security imssrument.
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<br /> 1 ]L Borrower Nat Relaaed;FQr6eanuca By I.e�der Not s Wnhts. Bztension of tbe timt of payment os uiodifption of �
<br /> � amortizsetion of the swns se�sedd�by this Securlty Instrument granted by Leader to any suocessar in interest of Bonower shall not '
<br /> : opaste to retease.�he�t�t:of ttce ortgiaal Borrower or Bonower's sncceswr in intecact. Lender shall not 6e rec�uired to ' � .
<br /> commence�oae4din,�sa;�ast•any succasor in Interest or refuse to extec�*sme for payment or othararisa modify amortizat�Jis.,, •� :
<br /> � of the sums sec;crad.�by this Security instr�ment by reason of any der��.i made by the odginal Borrower or Bacrov�r�'g.' , ; ,
<br /> � successasa In inte4r3t.Aay foibearaace by Lender in exercising any rig�t.cnr remedy shati noi be a waiver of or g�*ec�u�e.r.�2� ' , ...
<br /> eaac'sse of�any.right or remedy. . . .,_:�;;
<br /> , _::�,.�
<br /> � f2:S�ceeson asd As�=as Bo�d;7ovt�d 3even!Lta6ilitq:Ca-Si�era.The covenants and agtaments of this Sec�rity.; `�':.,=��
<br /> ' Insttuazcnt shali bind ead beneCt the s�ccesso:s and assigns of Lender and 8onower.subject to ti�e provlsions of pazagraDb 9.b: ,t�•"�'"�
<br /> . Bo:rowa's covenanta and a�acnents shall be joint and several.Any Borrower who co-signs thia Securtty(nstrumeat but does �
<br /> ' " not executt the Notr.(a)is co•signing this Security lnsuument anly to mortgage,grant end canvey tLat�Borrower�s interest in , :
<br /> the Ftopetty under the tetrtsa of tt�ia Security Insuument;(b)is not personaHy obligated to pay the sums secur�by.thia Security
<br /> ; II�stt�ent; and (c)iagrces tliat'Lenda and eny other Bonower may agra to eatrnd, modify, Porbeat�or�make aay =
<br /> a�ommodatian3 witN regard�to the term of this Security Instrument o:the Note without that Bonower's coa3ea�� ' °
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<br /> ' � !3.Nodces.A�+q,�t3iltc to Borrower ptovided for in this Security Inst:�umenC shall be given by delivedng it or by mailing iE by '�:
<br /> first ctass mail us3�s app�itabTe taw requiresuse of another methal.'the notice shall be directed to the Proyerts+Address or any ;
<br /> other address Borrower desigo-�ss by noGce to Lenda.Any notice to Lender shail be given by first ctass mail to teader•a address ;
<br /> ' stated hertin vr any address��sr designates by notice to Borrawer.Any notice provided for in this Security.Iti�ttUment shaIl
<br /> : be deemed to l�ave ban given to Borrower or Lender w�:h�i��n as paovided in this paragraDh. . .
<br /> . , . �x.
<br /> , 24.Co�eai�l,aw;Se�erabOtty.This Sec�:*ity/nstru:�e:s st�a116e goveraed by FeQeral law artd the law of the jurisdlction in •. . _ F. :
<br /> � wRlcb the PraDerty is locAted.ln the event that any prov�sic.�or clause of this Sec�rity lnstrument or the Note conflicts with ap� F'. :.
<br /> pliea��C2 D�w,such conftict shall not affect oiher provisi��s of this Secudty Instrumeat or the Note whlch can be given effut '. •
<br /> ' ws:�tt--.r.�'the conilicting provision. To this end ihe pra-�isi�ns of thls Security Inscstrment and the Note aze declared to be `
<br /> severa�;e.
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<br /> � lS.BorroRer's Copy.Borrower shall be given one conformed copy of this Securlty Instrument.
<br /> if.A��t oi Reets.8orrower unconditionaUy assigns and transfers to Lender al}the reau and rtveriues of ihe Property. � � •
<br /> Bonower authorius LeaQer or Lender's agent'to coUect tAe rents and revenues and hereby dlrects each tenant of the Property
<br /> to pay.he rents to[,ender or Lender's agents.However,prle-�W�,ender's notice to 8orrower of Horrowrr's breach of any cove-
<br /> , naat or agreem,e�:2 oc�tha 5ecurity Insuumenhi B4rrowu shaU`cQ:.f*.et arr;.'caceive al!rents and revenues o14he Property as trustee
<br /> . _ior tAe bene�s a9.lionder artd.Borrower.This assignment.ofiTen;s_constitutes an.absolute assignment,a�:d nat an essignment for,
<br /> . . .... .... ...... ... .._.
<br /> � .. additidn�l aectisc's'sy oa1y. .
<br /> (t i:�ndet gives noticc of braaeh,to Borrower:(a)atl rcnt!'rt�ived by Horrawer shall Be held by Barrower as trustce for benefit
<br /> � o��I�ader oaly,to be applled ta ihe snms aecured by the 5ecatltf lnstrument;(b)Lender shall be entitted to coltect and receive all
<br /> of the renta of tf:o Ptoperty;and(c)each tenant of the Propesty sha11 pay all rents due and unpaid to Lender or i,cnder's agent
<br /> ' . on Lender's w�i:dEn�demand to the tenant.
<br /> • Horrower hes:ma¢,executed any prior assignment of the rents and F�s Rot and wi11 rtot perform any act that would prevent .
<br /> Lender from excrc�sing its righcs uader this paragraph 16.
<br /> -Lender ahal!not be requ�reQ to enter upon,take contro)ot or malntain the Protserty before or aitcr giving notice of breach to
<br /> . Botrower.However.Lender or a judicially eppointed recsiver may do so at any time therc ls a breach.Any application of rents
<br /> shall rtos cure oc wtive any deiauli or invalidate any other right or remedy of l,cnder.This assignment of rents of the Property � r--`�—�-`
<br /> shali term9nate when the debt secured by the Security Instrument is paid in fu11. _ '
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