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<br /> _ _Any application of[he proceeds ca the princiral shali not cxtend or pa�tpa��c thc due clate of the m�ntfil���;.-tiy�u��s�:�v�ii�r.,�� `'.• •�
<br /> are referred to in Paragraph 2;or change the amount of s�ich paymenta, r�n}•excess praceeds over ad a�Q�,t:�uisii�2'iu � '
<br /> ' pay ali outstanding inclebtedness under the Nate and this Serurit}In�uumcnt shatt he paid to the entity legalt��.�i_ir3�th�r�t.o}=;.. .:�;�:,
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<br /> 8. Fees. Lender may collect fees and charges authoriced 0?.thc Se�re�ary. � ��':::::;'� .�::;;:__?�.t:-.,��- '
<br /> r 9. Crounds for AcceleraUom oi Debt. � _S� :'i`� : .
<br /> • ' `'� :-: '°.:;;,.:-..'
<br /> .(s�)DefaWt.�nder may.except as limited by regutations issued bY�he 5eeretury in the case of payment c��a�s;a�diiis�.:�. :...__;:
<br /> - - :�::;iminediate payment in full of atl sums secured 6y this Security Instruntent if: - - , �
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<br /> (��orrower defaults by failing to pay in full any monthty payment required by this Security instirc�r*�.g�ri�nr,2a �
<br /> . ., - �, �r:�on the due date af the next monthty payment, or - _ '�;��� �,��:�:.,;.:.�,._,: :�?:;
<br /> : ,�• �
<br /> -�� � : �j��orrower defaults by failing,for a period oF thirty days, co�erform ai►y other obligatians r:i��ae�aa���Fiis-�` ,<��;�=�;�"
<br /> i:� SECUi:iv Instrument. � ' :� .
<br /> -s � -
<br /> '`.`➢�� (b1•�=�i1�x3 Credit Approval. Lender shali, if permitted by appiica6le Iaw and with:the prior ap���ral,�tFie �,;.:.:�`_". =.�:F;',.':�
<br /> , � Secr�iaiy';��ie�.�e immediate payment in fuli of all the.sums secured by this•�ecurityr [nstrument if. - - ' � - ; .
<br /> . ; - - � ..
<br /> . ' • �p A73,�oF:p�an of the Property is atherwise transferred tother than by desise or descent)by the Bo��cuer'aad;'��;::;�```';��: ; • �
<br /> , . �i��'�'"�i�F[operty is not occupied by the purchaser oa grantee as his or her primary or secondary resid�.��;_�T_e�ie"�;�".;,`'���.1`-�." ,
<br /> - ��r:.h�asec or grantee does sa occupy the Property but his or her credit has not been approved in accor�ari�e�ii�: ' ' ;,
<br /> � t�ei�4uirements of the Secretary. � :>����� � , . - ,
<br /> . � �!' - � .
<br /> (e)11tu!Ffr°aiver. If circumstanees aecur that would permit Lender to require immediate paycnent in full,btix���c�, `. ,. '�:����: � .
<br /> does no�;z�guire such payments, Lender does not waive its rights with respec[ to subsequent events_ � ""� "�r ,
<br /> . (d)Itegola3iot�of HUD Secretary.ln many circumstances regulations issued by the 5ecretary�vitl limit Lender's.rig�.�g � _ � .
<br /> ; ' in the�s:o�payment deiauits to require immediate payment in fuR and forcclose if not paid.This Securiiy Iristru�e�'- .. �`;=�• ' `� .
<br /> does not auihar�ze acceteraiion or forectosure if nol permitted by regulations of the Secretary: �
<br /> 10.Reiastatemea�.B�r�csuer iaas a�i�ht�o be reinstated ii'Lender has required immediate payment in full becacse�a��,' . � � .
<br /> Barrower's fa�u�e so giayan.amo�n�iiu�-�der the Note ar tbis Sccurity Is�strumen�.This right applies even afcer forec�csv:�z� . '
<br /> proceedings are itrtstitu�ed:To rei�sta;e t;:�.Security Instrument,Borrawer shall tertder in a lump sum aU amounts require�•: . �� ,
<br /> � to bring Bor�oWes's arcounf currenE.Fncl��ing;to the extent they are obligatians of Borrawer under ihis Seeurity instrument, ; . - . ;�� ` • . ,,
<br /> foreclostare casts.and r�sonabYe and'castamaFy attomeys'fees and expenses properly assaciated�vith the foreciosure proceeding. , .,
<br /> ' Upon reinstat$ui�e�t by�3orrc�ti�er.this S��ity lnstrument and the obligatiaas that it secures shall remain in effect as if Lender . �:�;.:�.�: , �.
<br /> ' had not reqqired smmetiiat���ymient in f�E.Hawever,Lender is not required to permit reinstatement if:(i)l.endec has accepted � �
<br /> ` reinstateraent afcer[he coinin.ncement aF:oreciosure proceedings�vithin two years immediatety preceding the commencement �� _� . �•
<br /> . � of a current"fpreelosure proceeding, (ii) reinstatement will preclude foreclosure on dii'ferent �r�unds �n the future. or (iii) ��
<br /> � reinstatement::u�cl� adversely ai'fect the pnority of ehe lien created by chis Security Instrumenc. , " ' �'�`�
<br /> - U. Bar+r+owes�at Released: For6earance S��l.ender Not a W�irer. Extension af the time of payment or modification � - � ' � �
<br /> of amortization of the sums secured by this Seccr:ty lnstrument granted by Lender to any successor in interest of Borrower . ; ,- �;;-;
<br /> shall not opeiate to release the liability of the ori�in3i Horro�ver or 8wrower's successor in interest. Lcnder shall Rot be required �
<br /> to cammence proceecSings against any successor in cnterest or refuse to extertd time for�ayment or athenvise modify amoniratian • ' ':'�-.='
<br /> � of the sums secured by this Security Instrument�b�reasc�n�f any�demand made by the ori�inal f3orro�vcr or Horrawcr's successors ° �. :::i;L�
<br /> in interest. Any forbearance by Lender in exercising any right or rcmedy shall not bc a waiver ai'ar prccludr thc cxercise of ' "�`�
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<br /> . any right or remedy.
<br /> 12.5accessass�nd Assiga�s Bann�l;Join1 and Several i.iability;Co,SiRners.The covenants and agrecmcnis c,f this Sccurity � � �
<br /> Instrumes�t sha13 trinci and Gene�t the successors and assisns oi' Lender and Barrower. subject ta thc provi5ions of paragrapb .';;.
<br /> 9.b. Borrawer's cotier�ants aad agreernents shall be joint and several. Any Barrower wha ca-sibns this 5ecurity Instrument �. • .. `'' !`�
<br /> but does not execute the Nate:ta)is co-si nin this Securit lnstrument oni to mort a�e.grant and conve that l3orro�ver's ��`r �°�
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<br /> interest in t�se Pro eny under the terms of this Securit Instrumcnt: t@C is nat ersonall �bli ated�a ' ��"
<br /> p Y p Y s pay���c sums srcured 3-:
<br /> ��':.;.,
<br /> .�.by this Sece:rity�lnstrument;and fci agrees that Lender and any.other Borruwer may agree to rxtcnd.muciify,t'c�rbcar or�nake � �"''���
<br /> an}•a�:omsaiodations with regard tct`the term of this Secun�y tnstrumesit ar the Nate without �ha1 Hc,rrotivrr•�.rnmem. � �`��'"'`=`'
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<br /> 13.Notires. Any notice to Borrow�er p:e�i�ed far in thiy Security lmtrumcnt shall hc given by dcliv�ring it�►r by i�iailing ���.�'';'
<br /> ' it by�rst class mail unY��s appticabie law reGuares use oi another methoJ.The notice shall he directed ta t hc Nr«perty Addres�
<br /> or any athcr address�arro��•er designa;�s by notire to Lenc�er.Any natire to L,ender shal!bc bivcn by fint cla��mait tci I.cndcr'�
<br /> address stated hcrein or any ad�ress Lendcr dcsignatcs by r�ticc ta Borrowcr.Any notice provi�icd far in thiti Sccurity InSu ument �
<br /> s�:�l! bc deemcd to have bcen gi��en so Borrow�er or l.cr„er whcn givcn as providcd in thls paragraph. .
<br /> . .
<br /> _..-.--- .- D4.t�o��erningl.aw;Seve�bi]a�v�..'[his.5ceuritylnstrument.shall.bcgavcrncdbyl'cdcrallaw•.andll�c�l.i«.��fthcjuri�dicti�m ...... .... ...._._.._. ...: . .
<br /> rr c�•�ic':�:tc Property is located. tn t�e cn•er.� that any provision ar clausc of thi5 Sccurity lmtrunicrn ar the Nate canl�lict� � .
<br /> �si!:n app;�cabte taw,such conftict sf��1D not aEfz;.t othrr proeisions of this Sccurity lnstrumcnE��r thc N��tc�vhi�h�an bc�i�cn
<br /> � ef`;:t a•ithmu•<the conflicting prc�visivn. To this�n:f t��prpvi�ions nf'this 5rcurity lusl�utncut anc)tl�c No�c arc decl;ucei t�� �
<br /> Ee setiec2�1�. � .
<br /> , i�. Borrower's(:�y�i�. 13Qrrowcr shatl b��.ir,�ri or.c::�nf�nned cop)• of thiti ticcurity Intiuun►a•nl. .
<br /> • ��e Assignment of Itee�s.HOSTdW�F IiTT:.•ootiiaic�nally a5::4 D5 7(1(�1�'sIt15PCf4(O I CI1CICf.tll tf�r ren�,a���l r<<rnur4 E�f thr Nr„r,ri R�.
<br /> 8orroN`e��:�thorizes l.ender ur I.end;r'�ag,r,t�ta cc�;:ett the rents�►nd revcnttr5�nd herrhy dircc��c;�ch ten;�m i�l�hr 1'r�q+cr�c
<br /> to psy tlt:-;:nts tc�Lendcr nr Lender's a�.:•r.:•. �riat�cyer. priur tu Lender'�noticc tu 13urro�ticr e►f Norn►�r�', hrra�h ut auy --___-.-
<br /> cati•enant�� agrecment in the 5eeurity Instcuc.^.znt, H�irre>�ver shall callect an�! recci�•e aU rent,,ind ir�c��oc•ui �I►c !'r��pe�t� • f +
<br /> as tru5tec for Ihe bcnrfit of l..cndcr and Bort�•:ti�. 't�hiti astii�nttte�it t�f re��lti u�mti�uic.au ah.��lwe a,�il�nmrot ,u►:I ri��t .ui , '
<br /> a«ignment ioF additiana) srcurity only. � ,
<br /> If I cnder givcc nn�icc�•f hrr�ch �o�Hc+t,YS��rF:ls��;dl rcnt�rcrrto�c�!E+y li��rra;scr sh�l!hc fre��f fi4 ��3!lC�44_E :�s i:z�=c t�r : ! ..
<br /> i,cncf�it oi' I.cndcr unly. to he applicd tc�the�i�nTC�crurrd hy Ihr`ticcurity In�trumcnt: Ihl t rn�lc� �h:�U h�•ru�i�lr�l tu.��Ilc�t
<br /> � a��c! recciee alt c+f�he ren�s of ihe Prcapc�rty;;:r.�(c)e�eh len.tnt t�(►Itc I'r�,rert} �hall �,,�� ,ili rcnt�duc.iii�l ui��•.n�{ te�I cir�ln•: �
<br /> � t�r Lcnder'� agcnt on l�ender'ti written c'cr�;�;;;� Ita the tenunt. . ,
<br /> {{!►U(1�tCt F1id5 flOt l'!(CClU4'<I i111Y�';`'i•F<i'»J�',7ititt'Fll(���fI1C fCt11�8111I Ili1�It/��.'.Itt) t�il�tl��l ��c`t ti�l�n,t��ti .�t t Ili.t! ;���tF�if���.r��irf
<br /> f endcr from et�*.��:n,� it� ri�,ht•.'::�-::;r tli�. paraira�h Ih. �,;
<br /> , 1 c�tde:t �t�al; r..�.�•�+c�_;;�.',.,�:4:►c^fet t�pu��.lal�e cunttnl uf ��►Inaititatte the Ihi+��;rt: l�i�i��r� ��� .�ii�i rr,u�f •�cun.• ,,r t��r.�.i� ��
<br />. S�� Ite�r�,�..�•r. H�`.�,-.,:;..�bi�t:�d�; S ::1E Et{F�Ib1i1��S� li��`t�1{II{ttt /t'£l'1=Ct 111:{} tj(� ti� :1{ �i{Ft ItiF4� �{7c�:� �- :� Ru.�,i.�� �L1{':t�����h:�ft<�fi .
<br /> *�t iifEi: :1r.i11 ntal ,:±,i;'1:•f ��.�=e'.r�,t t}ef,ttt{i �rt ttn.fltd�tit .t�it �111icE tti!Itt �,t a�•tr�cft =..f F�-nc'�-r !!u: .«�.��•n!r�;-;i nf r�-trt= ,=t '', -
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