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, � ..L__.__. . ,_ ' :• ..: -- _ _ _a d�htlif'�11��'tt4�n==:. °------, _ .�,� _ --- =3 — ..k . . � � : 9.Grureds tar Aa:derailan of De�t. 9Q� 10 2 2 9 g (*)AetMrM.L.endcr m�y,except as Umited by regutations issued bp the�ecretary in the case of paymrnt deEaults, requirc immediate psyment in iLll o!all sums aecured by this Security lnstrumrnt lf: � (i)Sarruwer default�by failin�to p�y in iull any monthly payme�it required by this Security lnstrument prior to or on the due date of the neat monlhly p�ymeut. or (ii)Bprtowe�defaults by fallln�,for a perlod of t3�irty days,ta perform any other obligations cantained in thls Secusity inxtrumrnt. (b)S�k WitYo�M(.`redit Appr+oval,Lender slWl�If permined by applicabk l�w ud with the prior approval of the Secretary.re9Wre inunodiate pyment in fiil!of all thc sum+savrod by this Securiry Inutuaxnt if: (i)A!1 or paet of the Pivperty ls atherwiso nansferrod(otlier thttst by devise or desoed)by the Borrower. and fii)71ie P�opeRy i�ao1 occupied by the purchaser or gtuKee as his or ber primary o�sooa�dary�esidenoe.or the pu�+chaeee ar gtanee doa►so oarQy the Propetty Eut A�s a her cndit d►a aat boa�apprwcd in aoc+ocd�noe with the roquitaba�ts of the Sectar�uy. (e)No Wdrer.If circvmstances occur that woWd pernilt Leader to require lmmedi�te pay�nent ia full,but Londer doa aot . roqutre such p�ytnents,Leader dxs not waive its ri�hu vv�ti�respect to subsequent eveats. (�)Rephtler of HiTD 3ecretsry. In mtany circumstances re�ulaE�ons issued by the Secretary�vill limit Leader's rights,iQ tha cue of p;yment defaults.to require iazmediate payment in NU and foreclose iP aot paid.This Security lnsuument does aot�uthorize axeter�tion or fe:ecIosv.te ff not permitted by re�ulaHons of the Sscretary. l�. Rd�utat�t. Borrower h�s •right to be reiastated if Lender has requlred immediate payment in fu21 because of Bortowec's failure to pay an amount due under the Note or this Security Instrument.This right applies even after foreclosure � pra�eedinp ue insNtuted.To reinstate tho Security Instrument, Bortower shs�ll tend�r in a lump su,ai a!1 amounts requirtd to brin� HorroMer'a account cuttent inclnding,to the extent they aro obllgatlons of Borrower un�er this Secudry lnstrument, � forectoswe costs end reuonable aad custornary attomey's foes and eacpenses properly assocfaied with the forecloswe proceedina.Upan rcinstatement by Botrowes,this S=curity Iastrumem and the obligations that it secures shall remain in effect as � if Lender had not required immcdiate payment in full.Hovue�sr.Lendes is not required to permit reinstatement if:(7 Lendet has ' acapted �eiastatement after the commencement of foreclosure proceedings within [wo years immediate3y preceding the commenament of a curre�t foreclosure praceeding, (u7 reiaststtement wiU prcelude foreclosure on differeat grounds in the ; future.or(ii�7 rei�statement will adversely affect the Driority of the lien created by this Security lnstrument. ' ll. Borrower Not Relased;FRrbeuawce 8� I.eeder Not�Wat�er. fiateasion of che cime of p�yment or modification of � , unort32atloa of the sums secured,by thls Socurity Instrument granted by Lender to any successor in interest of Borrower shaU not opente to release the liabi:it�vE the original Borrower or Bonower's successor in interest. Leader shall nat be requ'ved to . . ` commence proceediugs ag�irut any sva�ssor i�interest or refuse[o extead time for payment or ett;eswise modify amortization of the sums secured by this Security lnstr�ment by reason of any demand �ade by the original Borrower or Borrower's ' suceessora in intaest. Any fotbearana by Lender in e�ercising any right or remedy shell not be a waiver of or preciude the eaercise of any rlght or remedy. � " 3�.�ii�i�iy t��3 ' �__- - aa�qas ao�N;Juiri aod Sere�i i,iauiiity; w•��en. The covenant�and�g��ments uf ahis�cti:uri�y � Instrnmrnt shaU bind and benefit the succasors and assigns of Lender and Borrower.subjeet to the provesions of paragraph 9.b. �__ � — °-�"''"-'" -' -- ' agrcemenis aaati a joim anq seven�.aay Sorrower w110 cfl•signs this Security Instrument but does .__ . -- - aa�iuvicr y avrtuww�uiu not eaavte the Nota:(a)is co-signing this Security Instn�ment only to mortgago.grant and coavey that Bonower's lnterest in the Property under the terms of this Security Instrument;(b)is not personally obl3gated to pay the sums secured by this Security lnstrument; and (c) agrees th�t Lender and any other Borrower may agra to extend. modify. forbear os make any - accommodatlons with regard to the tertn of this Security Instrument or the Note without that Bonower's consent. � � f l3.Notka.Ang aotice to Bonowar provideRf,:or in this Security lnstnunent shaU be given by deUvering it or by m�iling it by ;� firat ciass mait uaIess applicablo law requ'ues use af anotha method.The norice shall be directed to the Property Address or any � othec acfdress 8onower desigaata by notice to Lender.Any notiee to Lender shall be given by first class mail to Lender's address • stated herein or any address Lcnder daignates by notice ta Borrower.Any notice provided for in this Security Iastrnment shall be damai to have ban given to Borrower or Lender whe�given a�provided in this paragraph. r 11.GoreniK Law;SearabWty.This Security Instroment shall be go�etned by Federal law and the law of the jurisdiction in ' 4. which the Property is located.In the event that any provision or clause of this Sacurity lnstrumeat or the Note coaflicts with ap- � pllcable laa�such conflict shall not affect other provisions of this Security Instrumeat or the I�iote which can be givem effect � withttut the cantt�eting provision. To this end the provisions of this Security Instr�ment and tho Note aze declazed to be � � severable. � • lS.Barrowtt'a Copy. Borrower shall be given one confurmed copy of this Security Instrument. 16.Aasip�e�t oi Rests.Botrower unconditivnally assigns and transfers to Lender ait the rents and reven�es of the Propeny. ' Borrower authorius Lender or E.ecsder's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the renu to Lender ot Lender's agenu.However,prior to Lender's notice to Borrower of Borrowtr's breach of any cove- • nant or agreemeat in the Secvrity Instrument,Bottower shall colloct and receive all rents and revenues of the Propeny as trustc�r ' for the Denef t oi Lendtr and Bonower.This assignment of rents constitvtes an absotute assignment and not an assignment for additional security only. if Leadergives notia of breach to Borrower:�a)aU rents rueived by Horrower shall be held by Borrower as trustet tor beneft . of Lendv oaIy,to be applied to the sums secnreci by!h�Secutity lnsttumrnt;(b)Lendcr sha3!bc er,iidcd ta coftect and receive ali of the rents of the Property;and(c)each tenant of the Propeny shall pay all rents due and unpaid to Lender or Ler�der's agent , on Lrnder's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 16. Lender shall not be required to enter upon,take conirol of or maintain the Property before or after giving notice of breach to Bonower.However. Lendar or a ju�ici�lly appointed receiver may do so at any time there is a b�each. Any application of rents %--=- - shall nut cure or waive any default or invalidate any ather right or remtciy of Lender. This assignmec�t of rents of the Property • shall terminate when the debt secured by the Security lnstrument 6s paid in full. ��. 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