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;� _____ —�_ —. o..�. —�.. __ � � �_ a�.,.. ___ _� � ' � � , 9.Gra��ds tot Aeetks�ltoe ot Debf. 90�""� �o�1G�+`� (A1 Defwrh. Leader nnay,ex:ept As limited by regulations issucd by the Secretary in�he case of payment dePaults,re�uire immediate psymrnt in fuli of all sums srcu�ed by this Sesurity Instrumcnt ii: (i)Bvr�ower default�by f�iling to pay in full t�ny monthly paym=rlt requir�d by this Securily Instrument prior to or on � the due dAte of the nr�t manthiy payment. or (ii)�onawer defr��iro by failin�,for a period of thirty dsys,to parform any other obiigatians contained in tht�Security Instrumrnt. (b)S�le WM�oat C4+edil Approral.Lender slnll.if pemiittod by applicaMe law and with the preor spproval af'the Secr�tary,coquire imarodiaee p�ymed in full of�Il the swm s�cuted by this Security instrumec�t if: (i)All or put of the Properry is alberwise uansferrod (other thm!�y devise or des�ceut)by the Borrawer.and (ii)Tde 1'rope�ty is uol oocupied lry the purch�ser or gwatx u Ns or Mer primary vc socondaryr rcsideaoe.or tAe purch�ser or gnol�+e does eo oocupy tbe Pmperty 6ut his or her credit!�s aat bern�pprovad in aoax+daoce with the requiraneNS of the Suc�+etary. • (c)No Wiiher.If clnumstances occw th�t wouid perrtat Lender to require immediate pAyment in fuU.but Lender does aot requiro such psyment��Lende�does not waive its riahts with respect to subsequent events. (i)R�ot HiJD Secretary.In many circumsunces regulations issued by the Secretary will limit Lender's rights�in ' the cax of p�yment def�ults�ta require immedIate p�yment in full and foreclox If not paid.This Security Instrument does ' not authodze accekntion or fareciosnre if not permitted by regulations of the Secretary. � 1�. Rei�te�e�t. BorroMer has a ri;dt to be reinstued if Lender has requIted immediate payment in full because of Borrower'a fiilure to p�y aa uaount due under the Note ar this Security Instroment.This right applies even after foreclosure • procadit�are instituted. To reinstate the Security Instrument. Borrower shal!tender in a lump sum all amounts requlred to � btin�Borrower's account cutrent inciuding, to the eatent the} are obl�gations of Borrower under this Security lnsirument, ' forecloauro costa and reasoaibte and customary attomey's ffees and eupeases properly associated aat��s �ne £a�rc�losure proceedins.Upon reinstattement by Bonower,this Secudty lastrument And the obligat�ons that it secures sha:B remaian ca effect as if Leader h�d not required immedlate payment in full.However,Lender is not required to permit reinstat�ent if:(i)Lender has acapted reinsutement after the commencement of foreclosure proceeduegs within two years imc�ee�;ately preceding the wmmencement of a current foreclosure procading, (i3)reinstatement µ�e:0 �aeclude foreclasure on�flif£erent grounds ln the future. or(ii7 relnsutement wiq ad�ersely affect the prlority of the Uen crea:ed by this 5ecurity Instrumcnt. lt.Borrower Not Rck�ed; Foriearance 8y Leader Not a 1iFai�ee. F.�iension of the time of payment or modiEption of amortlzation of the sums secured by this Secudty Instrnmrnt grac�eed by Lendea to any succassor in interest uf Borrower shall not • operate to reIwse the liability of the original Bce�rower or Bmrcowrr's succcssor in lnterest. Lender shall not be required to commence procadings against any successor i�n ie.erat or ret'c�sc to eatend time for payment or otherwise modify amortizatlon �. of the sums secured by this Security lnstrume�t by reasmn af any demand made by the original Bonower or Botrower's successozs in inttrcst. Any forbeacazce by Lender in exercfsing any right or remtdy shall not be a waiver of or preclude the exercise of any right or remedy. • 12.3�cceuo�aad A�s Bo�ad;,iolU s�d Serenl Ua6Wty:Co-Sij�ers.The covenants and agreements of this Security � :a.-tsum�sistz�l!b:.��sta�enttii the su�arr and a:..°iens of Le::�er sad Bonor�rer.:tsbitct so tht provesion°of�sr°..�sph 4.b. --- BOIfOWC!'9 CDVGOaIItS 8IId 8NilGIDlIItS S}1SII HG 101I1t SIId StVti3l.Anv Bonower who co-sittnsns ehi9 Securitv lnstrument but uoes ` _ not execute tt�e Note:(a)is cu-r_gniceg this Security Instrument oaly to mortgage.grant and convey that Bonower's interest in : the Property under the terms of th�s 5ecurity Instrumant;(b)is not personally obligated to pay the sums secured by this Security • . lnswment; and (c) agrees that Lender and any other Borrawer may agree to e_;tend, modlfy. forbear or make any _ accommodttioas with regazd to the term of this Security]nstrument or the Note without that Borrower's consent. � ]3.Notlas.Any aodce to Horrower provided for in this Security Instrument shall be given by delivering it or by mailing it by i Pust class mail unless appticable law requires use of another meEhod.The notice shaU be directed to the Property Address ot any � other addreu Borrower designates by notice to l.ender.Any ao�ti^e ta Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates hs notice to Barrower.Aay notice provided for in this Security Instrument shall be deemed to have baa given to Borrower or Lender when given as provided in this paragraph. ¢ � 11.Go�er�t�I.aw;Se�erabillty.This Security Instrument shall be govemed by Federal lsw and the law of the jurisdiction in ? � which the Property is located.ta the evcnt that any provision or claust of this Security Ins¢rament or the Note conflicts with ap- � plicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. �'� 15.Borrower'�Copy.Borrower shall be given one con(ormed copy of this Security Instrument. 16.A�meat ot Rents.Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Psoperty. Bortower authorius Lender or i.ender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents.Hov►ever.pdor to Lender's notice to Borrowtr of Borrower's breach of any cove- nant or�ament in the Socurity Instrument.Borrower shall collest and receive all rents and revenues of the Property as trustee for the bene�t of Leader and Borrower.This assignment of renu consdtutes aa absolute assigament and not an assigament for addidonal security oniy. • If Lendetgives notice of breach to Borrower:(a)all rents re�-eived by Borrower shall be hcld by Bonower as trustee for beattit � of Leader only.to Ue applied to the sums secured by the Securisy Instrument;(b)Lender shall tx eatiticd to collcet and receive all oP the ten�s v�t}te Property;anc4(cy each tenam of'the Froperty shaii pay aii rcnts due and unpaid to Lender or I.endcr's agent on Lender'a written demand to the tenant. Borrower has not eaecuted any prior assignment of the rencs and has not and will not perform any act that wouId prevent Lender from exercising its rights under this paragraph 16. Lender shaU not be required to enter upon.taice control of or maintain the Property before or after giving notice of breach to Bonower.However.Lender or a judiciatly appair.ted receiver may do so at any time there is a breach. Any applicatian of rents ___ _____ sha(1 not cute or waive any dtfault or invalidate any oihet right or remedy of Lender. This assigmnent of rents of the Propeny � sh9l1 teszst:nats H�hza�thc debt securtd by thC Security Instru:nen! is psid ir.Full. � a . � � � ro �� :� - .. _�— ._.. ,.u' l..f� '�.�.____'_.__._�_.__..__,_.� ___'.�_ "N 7��_. a�rrt7N . ., .,r. _ ..., �.. � .r .. .,. . �^��. .. - .: , , � —�� '�.t.�..°"�..:.�r.�= — — �� — _ . � . . . �- . . . �t.- � , . . . .. . . ..,"s"� ... .-..- °r+e'�rJ'12S'na� _ -�' - . i. �, , .. . . - . , . . . , . • ( ,:�. �, . ., , . ,. . t7`l . r-- ,r;,;��—`•� � . - .. - . . - _ 't:`., . �4 - � - ._. . . . .. . .l. �