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<br /> 7. Cond�m�Mlon. rn.� ao��ea• o��ny�wird o�ci�kn iw dartuip�s,d(ract or conas¢�uentlaU, in connectlon wllA any
<br /> � condKrx�atbn or nthK takinp ot any paA ot th�RcpKly, or lor conwyanc� in pl�ce oi condemnatlon,are hereby�sstpned�nd shal� be p�id
<br /> to LmdK to th� vct�n! of th�1uM�mount of th�ind�btedn�as that�ert►�in�unp�id undK ihe Note�nd thls Security I�atrument. I.ender
<br /> sAaN appy such praw�ds to th�rKiuciion o1 th�fnd�bt�dn�sa undK tha Nut�and thts Secu�iry Instrumrnt, Gral to any cfalinquent amounty
<br /> appli�d irt!!»ord�r provid�d(n Pw�ph 3, md than!a propayme�t of p►t�cipal. My�pp4�ttan at th�praaada ta the pNncipat ahaA
<br /> not�xt�nd a poatpon� tA�du� dot� ol th�monlhty p�yrnents.which an rderred to In Pan�aph 2, a chan�e the amnunt ot such payment�.
<br /> Any�xcws procMd�o�K�n�mouni �equkad to pey�II outetandinp indebtadnna under tha Note and this Securiry tnstn�ment shalt be pald
<br /> to the ently Ia�Ry �dtl�d tharoto.
<br /> • 8. FH�. L�d�r rtwy coN�ct fe�s aod chupss�uthorh�ed by the Secretary.
<br /> - 9. ��ounds fo� AccN�r�tion of D�bt.
<br /> (i) D�faNlt. UndK my, axapt as imibd by rpui�tions tssued by ths Secret�ry in ths casa of payme�t detaufts, �equire
<br /> irmNdl�t� p�yrtwnt in fuN of aN aums secured by Ws S�curity Inetrume�t N:
<br /> � BortowK dehutta by f�ilinp to p�y in tu0 �ny monthty payment�equked by lhis Security tostrument pdor to or on
<br /> th� dw d�ta ot th�next monthiy paynbnt, a
<br /> • (B) Barowa dehuttt by�iiin�, tor� pariod of thhiy days,to perform any other obqgetiona contai�ed in this Security
<br /> Instrument.
<br /> � (b� 5�1� Without Crodit App�ovi�, tender shaN, il permiKed by appticable law and with the p�ior approval of the Secretary,
<br /> � roquiro knmedi�te paymeat i� tu�l of aM the sums secured by thts Secwiry Instrumeot t3:
<br /> ' , (� AN or paA of the Property is otherwlse tran9fe�red (other than by devise or d�sr.ent) by the Borrower,and
<br /> �, (i� The Propa►ry is not occupied by�he�rchaser or grentea as l�is ar he� primary or secondary residence, or the
<br /> � ' purchater or aantee does so occup�the P�roperty beit his or her�edit has not been approved in accorda.^ee with the .
<br /> tequirornent� of the Secxetary. �
<br /> (C) NO W�Iv��. M circumstances occur that would pemiit Lender to requlre immeeiiate payment In tull,but lender • � �
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<br /> _ �o�nQf s�,�l�such Faynt�rtls.Lest�±�r dQes ac!�r:.^r�its rtgAt°.L:ilR r;..°prct 20�ubs�uen!�r�ta. ' - -
<br /> --- -- /f�1 QnA�df�f A�fa nf I II1 Cw:�a� wa 1 . .�,«�,� �e ts�.. �...o....'w. �o u •.....a...�. :
<br /> . ._ . _._ . .. �_� ��_.�.�_..� � .�.�. «! !l1,.R� !St°�...tl:°r:°..t`jCL...�.w'�.:3wU6'�tS�f=r�o vacwv�a�i'rim M��i �wwc7 0 -� -_
<br /> his In th�case oi `�-
<br /> tip psymtnt defaults to require immediate payment In tull and foreciose H not paid. This Security
<br /> Instrument does not authorize acceleratiao or farecbsure'rf not permitted by reguiations ot the Secsetery. �
<br /> 10. R�instatement. BoROwer ha�a rtght to be reinatated ii Lender has required immediate paymerst in tull becaase oi 'i
<br /> � Borrowet's faiure to p1y an amount due under the Note ar this Security Instrument. This dghF 2.�+plles even aftar forectos:..�-e.proceedirtgs
<br /> ' �ro institut�d. To roinetate ths Seauiry Instrument,Bortower ahaY tender in a tump sum all amoc�nta requlred to bring Qomower's acco�at
<br /> • current indu�,ta the e�dent thsy�re abli�atlona ol8orrowc� under this Securicy(nstrumenL faredosure costa and reaaonable and
<br /> wstom�ry att�oreteys'te�s and expenses properfy usach7ed with the toreclosure proeeedinq. llQon retnstatement by Bortower,this Securiry � �
<br /> Instrument��ths ob�gationa that k securea shad reis�i� in effect as it Lender had nat reqc�aceaft immediate payment t� tull. However, �—
<br /> Lender Is not reQuked to pertnit�einstatement i�: ()Lender h�s accepted relnstatement aftet the commencement ot foreclosure proceedtngs �
<br /> ? wRhin lwo yeers hxne�iately precedng the commeneecr�ent ot a current toreclosure proceecJing, (i) reinstatement will preclude forec�osure ���
<br /> � on dit(erent yrounds in the tuture. or(iii) rHnstate+ner.4 nul adversely attect the pdoriry of the Ben created bK tt-is Security • ��#°-
<br /> ` �strument. � . -
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<br /> � 11. Borrower Not Releaaod: Forbearance By Lender Not a Waive�. Extension of the time of payr:r�nts or modification .
<br /> o(amoRization o1 the surtts Secured by thiS Securiry InsVument granted by lender io any successor in interest of Borrower shall not
<br /> operate to ret�se the Ii�b�ff of the ori9inal BoROwer or Bortower's successor in interest. Lender shall not @e required to cammence •
<br /> ptoceedinps a�alnst any successor n �iterest or reiuse to extend time for payment or otherHrise modify amortization o!the sums secured
<br /> by thb Security Instnxnent by re�sorr c,f arty derrMnd mede by the aiginat Bo�rower or Barro•�+e4's successors in Interest. f�ny torbearance
<br /> by lender In exerciain9��y dpht ot remedy shail not ba a e�vairer oi or predude the exerclse ot any right or remedy.
<br /> . 12. SuCCe��o�e�td As�iQ!!9 84ultd;.101ttt 2lrid SSV@se! li8bility; CO-SigttB�s. The cavenants and agreements
<br /> - at ih3;�,;;,;, in;V-.;m&-,: ;hai0 t�+d iu�ci eeneiu iha successors end assigns ot Lender and i3orrower, subject to the provislons ot
<br /> para9raph 9.b. Borrower's covenante an�agreements shati be joint and sevcra�• Ra�y BoROwer who co•signs thls Seeurity Instrument but
<br /> does not execute the Note: (a) is oo-signing this Securiry Insitiment onty to moRgage, grant and convey that 6orrower',interest in the
<br /> PropMy under the terms of lhis Searity Instrument; (b)is not personally obligated to pay the sums secured by this Security Instrument:
<br /> and (c)agrees that Lender and�ny other Borrower may agree to extend, modify forbear or make any accommodations wiih regard to the term .
<br /> , a!ihE�:.�s,;. 1nsi;u�er�i or tha l:ole withoui .:�at�arrower's cflns��t.
<br /> 13. Notics�. My notice to Borrower provided for in this Security Instrument shall be given by deiivering it or by mailing ,
<br /> it by first c(ass rtbii unless applicable law requires use of another method. The notice shall be directed to the Property Add:ess or any
<br /> othet adtlress BoROwAr designates by noUce to Lender. Any nofice to Lender shail be given by first ciass mail to Lender's address statpd �
<br /> L herein or any address lender deslgnetes by notice to Borrower. Any notice p�ovided ior in this Security InstrumEnl shail be deemed to have
<br /> been gven to Bortower or Lender when given as provided �n th�s paragraph.
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<br /> 14. Govgrning Law; Severability. 7his Secur�ty Insirument sha�i be aoverned by Federal Iaw ar.d the. Iaw ot tnP ;,,n�ri�ct,r.n ���
<br /> in which the Property is laeated. tn Ihe erent thal any proJ�sion or clausE ot th�s Secuniy �nstrument cr tne tvote conii�cts v.�th
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<br /> eppl�Cab:E+law. such conft�ct shall nol aNeet othe� pro��sions ol th�s Secunty ins!r�ment cr tr�e �datr ++h�n cen be g�.c•t e�lect W tt�c�t ,�. .
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