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<br /> s.c:�w.r�.����ot nte�. 90'�i 0 219 8
<br /> (�)IMtwN.Lcndcr m�y.rxcept as limited by regulxtions iseued by tAc Sertet�ry in tl�e cas�of�ay�ntat defaul��,cequlrr
<br /> immafi�te p+�ymena in fuil oi all surns secured by this Security Inst�umcnt if:
<br /> � (i)Burrower default�by fajlins tu paY in fal)�ny manthiy paymedt�equired by thi�Security Instrument prior to ar an
<br /> the�1ue datr of the next monthly p+iYment.or
<br /> (il)Acut��ra def�ults by f�ilinj,far a pedod of thlrty daXs.to perform any other obliaatians contuned in tbu Security
<br /> Insltument.
<br /> (e)9de WNMwt L��dM A�ev��l.l.e:der stull.if bY�PP���w and with tht prir►r approv�i of the Sec�ry.rcyuut
<br /> Immedi�Me pay�eent in fuli of W the aum�ocured�Securiry In+tnunenc if:
<br /> (i)/Ul ot p�t of the Property ts otbe�viie vuvfen�od(cxAer tlun by dtviae or cksoem)bY the Borrower,�rd
<br /> (ii)71�e Propaty i�nat arupied by thc purclu�er or�r�Nee n his on c�r pri►nary or eecooduy�rsidenoe.or the piu�h�uer or
<br /> � �t�oree tbea ea oocvpy the Prvpeity bat Aia or her c�dit Ma na�ea�app�woA in a000nt�nae wid�tho t+equiranaKs of the Secraary.
<br /> ' (e)N�Waiter.lf circumstance�occur thtt would permit Lender to requlrc tmmediite payment in iull,but Lertder daes not
<br /> . � ropuire:uch paymeats,Lender does aa waive ics ri�hts vrith rapect to eubsequent event�.
<br /> ! (�)p��iNNr�t HUD Suret�.[r mtny circumstanas re�ulations iuued by the Secretary wiU limit Lender's rifhts,in
<br /> the ca�e ot payment defaulq.to requ'r:e immediate payment in fu11 and foreclose if not paid.This Sautity IAStrument does
<br /> aot�uthorize accekratlon or foroclosure if not permitted by re�utation�of the Secretuy.
<br /> 1�. RelwtNe�ed. BorroMer hu � d�ht to be relnstated if Lender hs�required immediate psyment in iuU because of
<br /> 1 Horrower'�fWurc to pay an anwunt due under the Note ar tdis Security Instrument.Thi�ri�ht applia even after foreclosurc
<br /> pmceedinp are instituted.To tdast#te the Security Insttument. Borrowcr shW tender in a lump sum all amounts required to '
<br /> brt�y flbtrower'�account current includins,to the eatent they ue obligations of Horrower under thia Security Instrumsnt,
<br /> foceciosure rnsta and re�oaabk and customary �ttomey's fees snd expenxs properly sssociued with the foroclosure
<br /> prooeedinj.Upon reinstatement by Borro�rer,this Security Instrument and the obUqtlons that it secures sh�11 remain in effect As
<br /> ; if l.ender h�d not required immediate p�yrnent in full.Howevet.i.ender is not requ9red to pertnit reinststement if:(i)Lender hss
<br /> + aoxpted reinsutement after the comn►anament of foreclosure proceedings within two yeus immediately precedina the
<br /> � commencea�rnt of a current foreclosure proceMina,(ii) reinstatement will preclude foreclosure on difterent grounds in the
<br /> funue. or(iii) relnstatement will�dveraely sffect the prioaity of the lien crated by thi�Security Inswment.
<br /> 1L�otrower Not Rekre�; FoHe�n�ce�I�Mer Na�wdver. Extension of the time af payment or modlflcation of
<br /> amortiution of the sums aecured by this Security Instrument granted by Lender to any successor in interest of Bonower shall not
<br /> operue to relea�e the liability of the vri�inil Bortower or Borrower's successor in interest. Londer sh�ll not be roquired to
<br /> commena proceedinst apinst any sua�asor in interest or refuse to extead time for�yment or otherwise modify xmortization '
<br /> of the sums aavred by this Security Instrummt by reason of any demand made by the original Bortvwer or Bonower's . .
<br /> successors in interat. My forbarance by Lender in exercising any right at remedy shall nat be a waiver of ot preclude the
<br /> eaerclse of any risht or rrmedy.
<br /> . 12.S�cceroe aM AlIi�Y Eo�N:JW�1�N�erai i.i�oi'ri�:w-�ir�e+s. 3i�e curcu+u�i�a�S.�ccmCate of:r�is�ossii� �--
<br /> Instrument shall bind and eeneflt the sucoessors and assigns of Lender and Borrower.subject to the provisions of paragrsph 9.b.
<br /> � Borrower's covenufta and a�reements shall be joint and several.Any Borrower who co-signs this Security instrument but does ' , -
<br /> ' *�...�.a.�s� s....•..... c....d..,t • .r„Jo rn mgn��.� orant and�� v�v tha �ur�e• nt�rrat i
<br />� - - - � i iavi cnc�.Liv i=i��w�..���.e Lv-S.�aai..r•ti.:.........� .1`�'..It22l.r`^.RZ » . e��.v-�.. P.._ _ T�n_..-- ��.."'-.. !! ... �
<br /> the Property uader the terms of this Savrity instrument:(b)�s nut�xrsonaUy obligated ta pay the sums secured by thls�ecurity • _
<br /> Insuument; �nd (c) a�rees that Lender and any othar Burrower may agra to catertC. modify, fotbcar or make any
<br /> accommodations witb rejard to the term of this Secvrity lnstr..ment or the Note without that Borrower's consent.
<br /> , 13.Nodep.Any aotice to Bottower ptovided for in this Security instrument shaU be siven by delivering it or by m�iluig it by �_
<br /> fust clsu�siI unleat applicable law requires use of anether method.The notice shall be directed ta the PropCrty Address or any
<br /> other addtxss Horrower dai�nates by notice to Lender.Any notice to Lender sha11 be given by first cl�ts m�il to Lender's address
<br /> . suted herein or any addca�Lender daignata by notict ta Borrowe�.Any na,•,�ce provided for ia this Security lnstrumecu shall
<br /> be deemed to h�ve been�iven to Borcower or Lea�ia when gi�en as provide� in this puagraph.
<br /> 11.Go��Lsw;Se+�atlii�ty.This Security lnstrument shall be govemed by Federal law and the law of the jurisdiaion in
<br /> which the Propetty is located.in ttte e�ent thu any provision or clause of this Security Instrumrnt or the Note conflicts with ap-
<br /> plicabk law�such oonfikt shall not afEect other provisions of this Security lnstrument or chcNote which can be given effect
<br /> without We oonflictins provision. To this end the provisions of this Security Instrument �d the Note are declared to be
<br /> severabk.
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<br /> L�,dotrower•�Copy. Bonower shaU be given one confa;mcd copy ef this 5ecurity Instrumrnt. ;. �'�t`�• �
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<br /> li.A��oie�i ot Re�v.Borrower�nconditionaqy assigns aad transfers to l,ender all the rcnts and revenues of che I�rupeny.
<br /> 8orrower authoriia Leader or Lender's stgents to callect the rer:ts and revenues and hereby directs each teaant of the Propeny •
<br /> to p�y the rents to Lertdec or.Lender's aYents.How,ever,prior to Lender's rtutice to Borrower of Borrower's breach of any cove-
<br /> � ' aant or ssreement in the Security Instrument,Borra�er shaU cullect and receive all rents and revenues of the Property as wstee
<br /> tor the baufit of Lender and Borrawer.Thls assignment of rents constitutes an absolute aasignment and not an assignment for
<br /> sdditlonsl security only.
<br /> ' lf Lender gives notice of breach to 9en•ower:(a)all rents received by Borrower shall be he:�by Borrower as trustee for benefit
<br /> of Lender onty.to be applied to the sumi securrd by tAe Security Instrument:(b)Lender shall be entitled to collect and receive all
<br /> oi tix rsnts of the Praperty;and(c)ra:h tenam�.f the Pcoptrty sha11 pay al!rents due and unpaid to Lendes or l.ender's agent
<br /> on Lender's written demand co the tenanz.
<br /> Bonower h�t not exeCUted any priot assignment of tho rents and has not and will not perform any act ihat would prevent • •
<br /> Leeder from exerciaing its rights undet this puagtaph 16.
<br /> Lendtt shall not be required to enter upan,take contro!of or maintain the Propeny before or after giviag notice of breach to
<br /> $ortower.However. Lender or a judici�lly appointed receiver may do so at any timr there is a breach. Any application of rents �__ __
<br /> shall not cure or wtive any default or invaritiate ttny otncr rignk or remedy oi L,cn�Icr.'i'iii�u��iguu�c��.uire�ts c:�ls;Pra�rty j ,
<br /> shall terminate when the dcbt secured by the Security Instrument is paid in full.
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