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'____ _--..------- -----_._-_ -�� �.� -__ � � I I � � s.cro..a r��.uo.�r�e�. 9� 10 2`�9� (�)Dtt�sit.Lender rhsy,e�cept as limited by re�ulatiutu issuecl by the Sccret�uy in the cese of paymcnt dcfaults,requirc immedi�te p�yment in full af�11 sums aecured by thls Secutity Inatrument if: � (i)Borrower�ef�ulte by iailin�to pay in ful!any monthly payrnedt required by this Secudty Instrumen!prior to or on the due date of the next monthly payment,or (ii)Borrawer dM�u{ts by failing,far a periad oP thisty daya.to petfarm any uther obU�atlony contai��M i�i this Secu�ity [astniment. ls)Swle VKitbe�N CYedit Appror�l.Itntler stull.if p�mutted by�ppiicabie Iaw�nnd with tAe prior app.av�l of the Sccrctxty.�equire 1m�nedire P�l�*nnt ia full of�11 the samv securod by this Socuriry Iroawnen if: (i) All a p�tt of tbe FRoperry is othe�wise trwfertM (othet tt�an�y devise or desoenl)Dy the Horrower,ud (ii)71�Pra�peRY b not oecupieci bY the P��shaser or grantoo u his at her ptinsiry or�eoondrrY reslde:�e,or the pu�haxr or granoe does eo om�py tho ProQaty but his a her cced�l�as aot ban�prnod ia s000�du�oe with the roquizan�enrs of the Sect+et�ry. . (c)No W�her.If clrcumstanca occur that would pormit Lender to require immeditte payment in full,�ut Lender daes not � requira�uch payments,l.ender dae�not wsive its ri�hu with rapect to subsequent events. � (U it�spi�tior o!AUD&eret�.Ia many circumstaaces re�uutions issued by the Secretuy wiU limit Lender's dghts,in the ca�e vt p�ymznt defauh�,to requirc immedlate payment ia full and foreclose if nat paid.This Secwity Instrument does not authorlu accekndoa or forcclosure if not permitted by re�ulations o4'the Secretary. � 1�,Rei�MNeae�t, Bomo�rer has a right to be reinstated if Lendee hss requind immediate payment in full because of � Barrower's ititure ta p�y an amount due under the Note o�thi�Securlty Instrument.This rlght applies even after forecloswe . proceedin�ve instltuted. To reinsute tAe Secwlty Instrutaeat,Borrower shaU tender in a lump sum W amounts required to brins BorroMer'a�aount currcnt includin�� to the eateAt ttxy ue obllgations of Borrower under this Security lnstrument� torecbaure coats and re�soaable su�d custasnuy attorney's fees and expenses prupedy associated with the forcelosure proccedins.Upon relnst�tement by Borrower.f.t�is Securlty Instrument and the obligations that it secura shsll remain in effect�s if Lender h�d aot required immedaate payment in full.Howe�er,Lender is not requirod to permit reinstatement if:(i)Lender has �ceYpted reinsiatement �fter the wmmencemeat of forxtoswe proceedings whhin two years immedistely preceding the commenoement of�cmm�t foredosure prceeeding, (ii)reinstxtement vrill preclude foreclosure on differeat grounds in the il�ture. or (iii) reinsutement will adverssly affect the pdority of the lien created by this Security Instrument. • ll.Sorroeer Not Rektsed;ForEean�ce B�1.eader Not a W�irer. Extension of the dmc of paymeni or modification of � unortizaqon of the sums secured b}this Security Instrument granted by Lender to any sucoessor in interest of Borrower shall not � oper�te to rclease the Ilability of che orlginal Borrower or Borrower's suceessor in interest. Lender shall not be required to commeACe prviceedings yainst an3 sucassor in interest or refuse to eatend time for paytaent or othenvise modify amorsization . of the atuns secured by this Security lastrument by reason of any demand made by the original Eorrower or Borrowtr's ' . sucaasors in interest. Any forbearance by Leader in exercising any right or remedy shali not be a waiver of or preclude the ex�rcise of my rl;ht or remedy. ]2.3�oee�on aad A�u BoM�d;Joi�t a�d Se�ernl LlabWty;Co-SiNen.The covenants and agreements of this Security � : _ Instrument shs�ll bind and betiefit the successors tn�assi8ns of Lender and Sorrowcr,aubjcci to iY�e atoMisivus vf�agraNh 9.�,. Borro.ver's co�,renanu aad aareement�sh�ll be joint and several.Any Borrower who co•signs this Security Instrument but daes not taecute the Notr. (�)IS CO•sigffit►a this�ecurit9 inmameut oniy to morigxge,$rittlt�tiu wiiveji iuii nu�i8iiici's�iiicics't iu , �- • the Property unda the term�of this Secnrity Instrument;(b)is not personaILy obligated to pay the sums secured by this Scsurity - ' Instrument; and (c) agrces that Lender and any other Bonower may a8ree to oxtend. modify, forbear or make aay _ eccommadidon�with resard to tbe term of this Security lnstrument or the Note without that Borrower's consent. , _ ]3.Noticei. Any notla to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by — � first class mW unless applicable law requaes e�se of anothor method.The notia shall be directed to the Property Address or any other addres�Bortowtr daignates by notice to�.ender.My notia to Lender shall be given by first class mail to Lender's address atsted herein or any addresss Lender daignates by aotia to Honower.My notice provided for in this Security Instrament shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 11.Go�erM�=I.sw;5e�eraWity.Thi�Security Instrument shall be goveraed by Fede;al law and the law of the jurisdiction in f . which the Property is located.In the event that any provision or clause of this Security Instrumont or the Note conflicts with ap- plicabk Isw,such conllict shill nat 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 lnstrument and the Note are declazed to be �, sevrnble. � �: LS.Dorroser'a Copy.Borrower shall be given one conformtd copy of this Security Instrument. 16.A�iprni ot Kee4.Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. ' Bonower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Propeny to pay the rents to Lender or Lender's agents.However,prior to Lender's notice to Borrower of Borrower's breach of any cove- n�nt or agreemtnt in the SecuriLy Iastrument,Horrower shall collect and receivo all rents and revenua of the Propeny as trustee for the beneGt of L.endet and Borrower.This assignment of rents cnnstitutes an absoJute assignment and not an assignment for ad�itionsl sectvity only. If I,ondergiva natice of breach to Bonower:(a)aU rents received by Borrawer shall be held by Bonower as trustee for benefit . of Lender only.to be applied to the sums secured by the Security Instrumcnt•(b)Lender shall be entitled to collect and receive all of iltG sessisof tht Pe�pert�:sc�Sc)essh tettasst of tht PFO�rerty shal!pay al!rertts due fl!?d unpaid to l.cnder or Lender's agent on l.ender'a written demand to the tenant. Bonrower has not eaautcd any prior azsignrnent of the rents and has not and will not perforcn any act that would prevent L,ender Prom eaercising its rights under ehis para8raph 16. Lender shaU not be required to enttr upon,take control of or maintain the Property before or after giving notice of breach to Bonower_H�wevtr, I.ender or a 3udicially aypointed receiver may do so at any time there is a breach.Any application of rents ,_-,_�___ shall nat cute or waive 8ny dcfault ot invalidate any other right or remedy of Lender.Tihis assignment of rents of the Propeny , shall terminate when 3hedebt secured by the Security Instrumtnt is paid in full. • � � r�`t -- 1�` ��1 �� ---- — -- ----------� — - --- -- � _ � -—.w_iT�' � /'uBr r�•1 4 �� -