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<br /> _ _ 90
<br /> �., �a�i��
<br /> Any� a+�nlira[ion af the pro�c�ch�� �hr ��rincipa) sh�i0 iuit extend ar p�stpnne thr due diite oi th��nanthty payments� which
<br /> ai� rote�rcd tc� in I'aragraph 2. ur ch,�ngr�hc amounl of su�:h puYntents. Any e�rc�s�roccedc a��er an amaunt required ta
<br /> pay u11 au�stnnding indebtedness undcr the Notr and this Sccuritv Instrument shall br paid to the entity legt►Ily en�iifcd thereto.
<br /> � �. hee�. Lcnder n►.�y rollect Pers und ch�rges a�uh�irized by the Srrtetnry.
<br /> f. GroanA� tar Accekntlne uf Ikbt.
<br /> (�1 IDet�Mlt.�.cnde�mAy.except as limited b��rcgulations issucd by the Se�retary in the case af payment defaults,require
<br /> immcdiate payment in full 01'ail sun�s se�u�cd by thic Srcurity lnstrument if;
<br /> (i)Borruwtr dePAUlts by failing to pay in ful)any monthly pAyntent required by this Security Inslrument priar to
<br /> or on thc duc datc af the nexl monthl� payment. ar
<br /> � (ii)Barraw�er dciaults by i'ailing, for a periad af thirty dnys. to perform any other abligs�tions cantained in this
<br /> i Securlty Instrumcnt.
<br /> ; (b)Sale WitMout Credlt Approval. Lende� shall. if permitted by applicable law and with the prior approval of the
<br /> � Secretary, requare immediate payment in full of all the sums secured by this Security lnstrument if:
<br /> �
<br /> (i) All or part of the Property is othcrwise transferred (other than by devise or descent) by the Borrawer, and
<br /> (ii)The Property is tcet occupied by the purch�ser or grantee as his or her primary or secandar�residence. os tEte -
<br /> � purchascr or grantee ciQes sa occupy the Property but his or her credit has not been appra��ed"ecr accorelance with �
<br /> the requirett�ents of the Secretar}-.
<br /> . (c�io H�'�i�er. 1f circumstances accur that ���ovld permit �.erider to require immediate payment in full;but Q.ender
<br /> ; dcres nQt r�aire such payments, Le�der does aot waive itc rights �irith respert to subsequent events.
<br /> ; . (�Res�tatin�cof HUD�etarv.ln many circumstanres regulations issued bythe Secretary will limit l.ender's rights
<br /> � in the case of gavrnent defaults to�eqtii�e immedi�te payment in full and foreclose if not paid.This Seeurity lnetaument
<br /> ' ' dces not autf�orize aceeteration or foreclosure if not permitted by rcgulations af the Secretary.
<br /> �
<br /> ' 10. Relaststemeat. Borrower htis a rigbt to bc rcinstated iF Lender hos requircd immediate payment i� full becausc of
<br /> ' Borrower's failure to pay an amount due under the Nate or thic Srcuritv Instrumcnt.This right apptics even ai'ter fbrectosure •
<br /> proceedings arc instituted. To reinscate thc Sccurity lnceriiment, Barrow•cr shalt tcnder in a lump sum all amounts required �
<br /> to bring Borrower's account current includinR. tu�he extent they are obligAtions of Sorrower undcr thi�Security lnstrument,
<br /> foreclosure costs and reasonable and customarv attome���'fecc and cxpensrs properly associated wilh the foreclosure proceeding. �
<br /> Unon reinstatement bv BorroN•er,tWs 5ecuritv lnstrument�nd the obliRations that it secures shall��emain in effect as if'L,ender
<br /> had not required intmediate payment in full.HaH•ce�er. Lender iti not required to permit reinstatement if:(i)l.ender has accepted �_�;�
<br /> reinstatement after the commencement of foreciasure proreedings within tw�u>•c�rs immediately preceding the commencemem ,� '
<br /> _ of a current forcclasurc procccding. (ii) reinstatrment wil) prCCludc foreclUSUr� on diffcrent urnunds iu thc future; nr (iii) -
<br /> . reiastaitmen[ witt �Qvcrseiy aFfert the pri�riry of thc licn rrcated by �hi4 Srrarity lnstrument. •�
<br /> �
<br /> � �11. Bottower Not Rekased; �orbe�nnce By l.cnder Not p K'�jve�. Extensiun of�he timc of payment or modification -
<br /> of amoniration of the sums secured by this Security Insirumrnt granted by Lender to any successor in ineerest of Borro�ver '
<br /> � shaU not operate to release thc liability of thooriginal Borrow�er or Borro�ver's succcssar in interest. Lcnder shall not bc required
<br /> ' to commence proceedings against any surcessor in interest��r refuse to extend time for payment or ntherwise modify amortization
<br /> of the sums securec!by this Security instrument by�reason of any demand made by the original Borrower or Borrower's successors
<br /> � in inte�est. Any fortxarance by Lender in e�ercising any right or rcmedy shall not be a waicer of or preclude the exercise of
<br /> . any righc or remedy.
<br /> l2.Successors a�d Assigns Bound;.loint and Se�eral I,iAbitlty;(:o-Signe�.The covcnants and agrcements oF this Sccuril��
<br /> lnstrutnent shall bind and benefit the successurs and ussigns of Le�ider and Borro�scr, subject to the provision� of paragraph
<br /> 9.b. Borrvwer's covenants and agreomentti ehs+ll�bo joint and se��eraL Any Borrow�cr who co-signs this Security Instrument
<br /> • but does not execute the Note:(a�is co-signin�thiN Security Instrurnent only to mortgage. grant and concey�that Borrower's
<br /> • interest in the Property under the te�ma ot'this Security Instrument; (b) iti not personally obligated to pay� the sums secured '
<br /> � by this Security Instrnment;and�c)a�rees tttat l.rnder and an��other Bortower may agree to e+ctcnd,modify. forbear or make ��
<br /> � any accommodations with regard to the term of this Security Intitrument or the 'Vote u•ithout that Borrower's consent. r
<br /> ' 13.Notices.Any notice to Borcoa�er provided for in�his 5ecurity lnctrumcnt shaU bc gi�en b}•deli�ering,i� or b�•mailing
<br /> : it by i'irst cluss mail unless applicnble,�law requires use of annther meihod. The noticc shall be directed to the Property Address
<br /> or any other address Barrow•er dcsignates by noticc to Lender. Any notice to l.en�er shall be givcn by first ctass mail to I.ender's
<br /> address stated herein or any address I_ender designates by notice ro Borro«•er.Any notice�ro��ided for in thi�Securit�•Instrument
<br /> shall be deemed to havc becn gi�en to 13orrow•cr Ut Lcndcr �shcn �i�cn a5 pro.idcd in thic paragraph.
<br /> la.Goverpin�Law;tieverability. This Securi�y Ins�rumcnt shall he go�rmcd hy Fedcral la�+ and thc la« of thc juri�dirtion
<br /> - in which the Property is tocated. !n the eeent tt�at any pr�7vitiion �r clause of thi� Srcurity lnstrument os the Nate conflict�
<br /> ' . with�pp��cabte la�,su�h Lo2it'li.�! shBl!not afters ath:r�r.��;ivions nf ti�is tiec��rity i��,ttu�nrnt �n thc Natc ���hich can bc gi�en
<br /> effect without the conflirting pravi�inn. 1`0�hi,end thc p�Utiivionti �f �hi, ti«urity Imtrumcnt and thc Notr arr derlared to
<br /> be se��erable.
<br /> 15. Borrower's Copy. Borro���cr �halt hr gi�en c�nr co�formrd cop� of thic �C�uti�� In�trumcnt.
<br /> I6.Aasigrirdruf ui Renis.BvrruNrr uncvnditiui�af,r s,zi��n a�i�i t�an,fc�,t�,t.r<<��-r ali il�c►eni�ai�u ir:cr�t�r.�3i eiic 1'rorrcity�. •` --" "
<br /> Borrowcr authorizes Ccnder or Lcndei',agent, to rollcct thc rents and rr�cciuc,e�� f-�reh} ditr�ts eacl�ter.ant�f thc Nroperiy� '
<br /> to pay �itc rents to Lendrr ar l.endet's a�cn¢s. No��e�cr. ��ic�r to Lcnd�r'. �tut:.t• ;�� 13�+rrc�.�et u! Burr����cc', hrea�h uf .�ny
<br /> co�enant or agreement in the Secesritp Insf:��rs;ent, f3orrou�r tihall collcri anJ rr�es��,z:l r�r.:, an.i -c�r�2uc• v! the Pionrr��
<br /> as trustc,�e ror thc bcnefit of l cn�i�ct snd Borro�►rr. "t h�, •��cirnmen� e�f'rcnt� �utz<::tute,an J�•.oiutr a„i:zc^;cnt and n�,t an
<br /> alsigncr.en; for additiunai tic�uri[}�anl�. ` '
<br /> Jf[.tindcr Z:ices c►c?:ice uf hrcarh to Bc�rro�,cr: l��)all rent;rcr�i�c:�h� E3iur���►ir ,h�ill hr t�cl�l h� Borru��cr a,t�a.t�� fnr �
<br /> � hrnrfit af Lencfer ozGy, 10 he�tp�iie�l to the cum. securrd h} thr Se,urii� In,trumeni: (h3 ! rnde� .hall hr cnu�ird tu �nilr�t
<br /> and rercive all of the rents uf'the f'ruperi�; an�i Ic)ettrh l�nant ot ttic !'ruperl± shal! r.sti ,:U rrnl. itur ,ir�c! unnaiJ �1� I incicr
<br /> ur l endrr';a�rnt c,ii I csicler'� urittrn clemairv io �f,� �rnant. �t
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