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:� ��-�: ...t � :� _ � � 9��'-102319 9.Groy�d�tor Accekr�tlo�ot Ikbt. (a)!?ettaN. Lendsr may,oxccpt as lin�lted by regulations issued by thc Secretary in 1hs c�se oP payment drfaults, requirc immeditte�sayment in full af all sumc secured by thia Security Instrument if: (i)Borrovrer defaults by failing to pay in full any monthly payme�lt required by this Securlty instrument prior ta or on � the due date of the next monthly payment,or (il)6orroKer defaults by failing,for a period of thirty days�ta perform any ather ubGgatiuns cu»tained in this Security Insttu�aen� N)�H'itra+t Credit Approv�l.l.a�der ahall,if pcm�itud by applicaMa law and with chc prior approve!vf thc SecnKary.roquirr immodiMe p�y[nent in full of dl the sums secural by this Socority Instnunent if: (i)All or pn�t of the Property is otherwise transfrrred(other than by devise ar desoent)by tlxs Borrawer, and (ii)Tho Pcopetty is�ot oocupied by the purchaser or gr�nteo ss his or her prirnxry or seconduy resideaoe,ur the purchuer or gnneee does so oocuPY��nY but his ar her crodit has na been approved in a000rdanae with the roquinanents of tho Socrctary- (e)No Wdvsr.lP circumstances occur that would permlt Lender ta require immcdiate payment in full,but Lender does not : require such payments,Lender doea noc waivo its rlghu wlth xespect to subsequont events, (a)Repl�tlo�s ot QUD Seeretar�.In many circumsiances�egulations lssued by the Secrecary will Gmit Lender's rights,in the case af payment defaults,to require immediate payment in fu13 end foreclose if not pald.This Secudty]nstrument does not authorize accsleration or foreclosure if rtot permicttd by regulations of the Secretary. 1�, Rehutaterewl. Bonower has A rlght to be reinstatcd if Lender has required immediate payment in full because of Borrowar's f�ilure ao pay an amount due under the Note c�r this Securlty Instrument.This right applies even after foreclosure proceKiinits are instituted. To rcinstate tha Securlty Insuuaient,Borrower shall tendcr in a lump sum all amounts required to brin{Honower's account cunent including, ta the eatenc they are obligations of BoROwer under this Security Instrument, forecbsure costs and re�soaable and customary attosney's fees and expenses properly asspciated with the foreclosure ; proceedinj.Upon reinstatement by Bonower,this Security Instrument an�the obligations that it secures shall rema�n in effect as � If Leader had not nquired immediate payment ln full.However,Lender is Qot required to pormit reinstatement if:(i)Lender has accepted reinautement after the commencement of foreclosure proceedings within two years immediatety preceding the commencement of n current foreclosure proceeding, (ii) reieistatement will preclude foreclosure on different grounds in the futun.or('sii)rtinsutement will adversely affect the prioritg of the lien created by this 5ecurity Instrument. ll.aorrower Nol Releaud; Forbara�ce By Leede� Not a Wdver. Extension of the time of payment or modification of . amortizntion of the sums saured by this Secvrity lnstrument granted by Lender to any successor in interat of Borrower shall noc operate to rdase the liability of the original Borrower or Borrower's successor in interest. Lender shall not be reQuired tv commence proceedings against any successor in interest or rtfe�se to extend time for payment or otherwise modify amortization � � of the sums secnred by this Security Instrument by reason of any demand made by tht original Borrower or Borrower's suoassars in inttcest.Any forbearance by i.ender in eaercising any right or remedy shall not be a waiver of or prcelude the - exercise of any right or remedy. � �2.Stieees�o�a�d As��q Bou�d;,lol�t aad Several LiabOity;Co-Sf�neea.The covenants and agreements of this Security �____:= Instrumrnt sh�ll bind and benefit the succasors and assigns of Lender and Bottower.subject to the provisions of paragraph 9.b. - - - Borrower's covenanu and agreements shall be joint and several.Any Borrowor who co-signs this Secudty Instrument but does : - - nai r�nxuic ine ivoie:(a3 is co-signmg t�is J'ecurity Instrumen[onty to mortgSge. grant and convey that Borrower's interest in - the Property under the terms of this Security Instrument;(b)is not personally obligated to pay the sutas secured by this Security � Instrument; and (c) agrees that Lender artd any other Burrower may agree to extend, modify, forbear or make any �.�. accommodstions with regard to the term of this Securitp Instrvment or the Note without that Borrower's consent. -- l3.Nodoa.My notia to Borrower provided for in this S�srity Instrument shall be given by delivering it or b}rnailing it by = first cias9 mail unless applicable law nquira use of another method. The netice shaU be directed to the Property Address or any , other addras Bonower designates by notice to Lender.Any notice to Lendep shall be given by first class mail to Lender's address stated hertin or eny address I.ender daignates by notice to Borrower.An�notice provided for in this Security lnstrument shati ' be damed to have been given to Borrower ar Lender when given as provided in this paragraph. � � 11.Go�eraiK Law;Se�en6Wty.This Security lastrument shall be governed by Federal law and the!aw of the j�risdiction in � which the Property is located.In the event that any prorision or clause of this Security lnstrument or the Note conflicu with ap- plicable Iaw, such conflict shall not affect oaher provisions of this Security instrument or the Note which can be given ef(ect without the wnflicting provision. To this et�d the provisions of this Security Instrument and the Note aze declared to be severable. . :,� ' ]S•Borrower's Copy. Borrow-er shall be given one conformed copy of this Security Instrument. 16.Assitemeet ot Reets.Horrower uncondationally assigns and transfers to Lender all the rents and revenues of the Propeny. Borrowet suthorizes Lender or Lender's agents to collect the rents and reyenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However,prior to Lender's notice to Bonower of Borrower's breach of any cove- nant or agreement in the Security[nstrument. Borrower shalt collect and receive all rents and revenues of the Propeny as trustee for the benefit of Lender and Borrower.This assignment of vents constitutes an absolute assignment and not an assignment for addiNonat security onfy. ' If Lender gives notia of breach to Borrqw-er:(a)all rents received by Borrower shall be held by Borr�wer as trustee for benefit oY Len��r only,to be applied to the sums secured by the Secvrity lnstrument;(b)Ltnder shall be entitEed to coltect ar:d rective all of thG•ienu of the Property;anci(c)tach ttnant of tht Pso�stty sha1D pay all sents due�td unpaid to l.cnder as�.�nder's agent . 'J:: �.:fIL�K�S S'.T.tIr•SS v�S:iW'1�2G ai�C 2„SioTsi. Bonower has not executed any prior a.aignment of the rents and has not and v:;t not perform any act that would prevent Lender from exercising its rights under this paragraph 16. Lender shall not be required to entet upon,take control of or maintain ehe Property before or after giving notice of breach to Borrower.However,Ltnder or a�udicially appointed receiver may do so at anv time therr is a breach.Any application of rents shall not cure or waive any default or invalidate any other cight or rcmedy of Lender. This assignment of rents of:?:e Property '- -` shall terminate when the debt secured by the Security Instrument is paid in full. ' M � � � ti ��t - � , l�a:,�� + ,�i a �'—— - - --___.—_-- ---------- --• � - a..,A' , — -- - - -- - : _ ._ - , -. .;.:."� ,�' .,.;'��.�ivr e �_.��"T'�C,�'*°Y�T'r.X:. .�v�r;7u�rT:�.i"(-`' ��e HIk","T��,'t. ��'c�/�.r 7.,r.«w- t . v'T' . '1 .. . . . "'� 't"^'QII� . �rYr„ . .. . � � 1. ��. . .SX Y� .. � �i: . . ::1 ;�,;, -- � � , '- � • ---- - -= -- -..-_ !��'_.-- - --_. _-_ .-.�_ -- -.- - -� ---- - -:..:.—= S'�'r'- h� -- 5 j- ---