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<br /> 9.Gro►��ds to�Accsknllos o1 Deet. �0±�1��i 4 4�
<br /> (�l De[�rM.Lender rn�y. except a� limitcd by reaulations issued by the Se�cretary in the case of payment defaults,require
<br /> inr..edlate payment ln fuU of all su��►y��,��;e� �y ei�i5 S�tudty Instrumeat lf:
<br /> � t�1�noWer daPaults by failln�to pay ln full tny monthly payme8t required by ehis Security Instrument prior to or on
<br /> the due date of the neat monthly payment. or
<br /> (U)Barrowtr defaults by failing. for a period oF thirty days,to perform any ather obilgatIons contained in this SecurIty
<br /> � lrutrument.
<br /> 11?S�k Wif�out Cndil Approvyd.Leadtr sl�ll. if pmnittod by�pplicable law and with the prior aApmval of the Secrotary,rtquite
<br /> 1ma�adi�Ma p�yment ln tLll of�l!the sum� �xvrod 6y this Security lactnunent if:
<br /> ' (i)All or part of the Froperty is otlxrvvlu trancferrad(aher than by devLse or descent)by the Borrower,and
<br /> (ii)The Prnperty is na oocupied by the ptu�chsiser ar gr�ntee a�hIs or her primuy or seconduy tesidenoe.or the purctu�ur or
<br /> gra�ee doea so oavpy tha Ptopeny bu�hia a her credit t�v nat boen appi+oved i�aomr+d�tioe with the�squiranea�v of¢�e Socre�ary.
<br /> 1 (e)No W�her.IE circumstancea occur that would peimit Len3er to re+�nire immediate paymeni in fult.but Lender daes nc�t
<br /> � require such p�3�menis,LeAder does not wai�e its ri�hts with respect to sabsequcnt evenu.
<br /> ' (�)RepYtbw ot HUD Stetetary.In many eircumstances regulations issued by the Secretary wdll Gmit Lender's rights,in
<br /> the cax of payaxnt ckf�ulu,to reqnire immediate paym�nt in full and foreclose if not paid.This Security Instruraent dc+es
<br /> nut authorize a�ccekration�r forectosurc if noi permitted by regulations of the Secretary.
<br /> � 1�. itelrbte�ed. 8orrower hu a right to be reinstated if Lender has requir�d immediate payment in fuU becxuse of
<br /> � Borrower'�fdlure to pay an amount due under the Note or this Security Instrument.This dght applies even aftcr foreclosurc
<br /> i proceedi�s ue instituted.To reinstate the Security Instrument. Borcower shs�ll tender in e lump sum aU Amounts requlred to
<br /> brin,�Borrower's account current inc(udin�, to the extent they ue abll�ations of Bonower under this Security Instrnment,
<br /> i foreclo�ure costa uid rasonable and wstomary attorney's fees and expenses properly acsociated with the foreclosure
<br /> , proceedins.Upon reinstatemcnt by Borrower.thl�Secudty instrument�nd the obligations that it secures sha11 remain in effect u
<br /> if l.ender had not requirM immedi�te payment in full.However.Lender is not requited to permit reinstatement if:(i)Lender has
<br /> aooep4ed reimtatement after the commencement of fonclosure proceedings within two yeus immediately preceding the
<br /> commencement of a current foreclosurc proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the
<br /> future,or(iii)reinstatement will adversely�ifect the pdority of the lien created by this Security Instrument.
<br /> ' 11. Oonower Not Relaued; Forbear�ice gy Leader Not a Walrer. Eatension of the time of paymen[ or modliication of
<br /> i amortlution of the sums sece�red by thi9 Security lnstrument granted by Lender to any successor in interat of Bonower shali not
<br /> , operate to release the ilability of the original Borrower ar Borrower's successor in interest. Lender shall not be required to • •
<br /> commence proceedings agdnst any successor in interest or refuse to e�tend time for payment or otherwise modify amortIzation ,
<br /> of the�ums aecured by this Securi+cy instrument by reason of any demand made by the oNginal Borrower or Borrower's
<br /> suocessors ln interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br /> , exercise of any right or remedy.
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<br /> � 12- 9�eeaois nd A�nt 8oud;]oist ud Sever�l Ll�biBty;Co.Slfsen.7'he covenants and agreements of this Security
<br /> = . It�tr_'!nt�a! *� l+itK!*_.�s�brnt£:t the se�sors ana�ts•,.i;rs oF Lsu�er sad Eosra:rtz,sub}�t to ihe protrisions af psragraFh 9.b.
<br /> _ _ Borro�er's covenanu and agre�mencs shall be�oint and several.Anv Borrower whn co.tirvnc ihic G�v_���ritY i�g�,n��;«,.;��si��
<br /> - not exau�e the Note:(s)is co-signing this Security lnstnrment only to mongage,grant and canvey that BorrowePs inttrcst ia
<br /> . the Property under the terms oP this Security lnstrument;(b)is not personally ol�ligated to pay the sums secured by this Security
<br /> Instrument; And (c) agrees that Lender and any other Borrower may agree to e�tend, modify, forbear ot makt any �
<br /> � accommodations with regard to the term af this Security Instrument or the Not�without that Borrower's consent.
<br /> 13.Nodcp.Any notice to Borrower provided for in this Security Instrucnent shall bt given by dtlivering it or by maiiing it by �
<br /> • first class mail unless appliptble law reqnires use of another method.The notice shall be directed to the Property Address or any
<br /> other addras Horrower daignates by noUce to Lendtr.Any notice to Lender shall be given by first class mail to Lender's address
<br /> suted herein or any address Lender designates by notia co Barrower.Any notice provided for in this Security Instrument shall
<br /> � f be deemed to have baa given to Borrower or l.ender wRen given as provided in this paragraph.
<br /> 14. Go�e*dK I.aw;Se�erablitt�.This Security Instrument shaU be govemed by Federal law and the Iaw of the jurisdiction in f '
<br /> which the Propetty is located.In the event that any provision or clause of this Security lnstrument or the Note conflicu with ap- .
<br /> plicable law,such conflict sh�ll not affect other provisions of this Security Instrument or the Note which can be given effect
<br /> ' without the conflicting provision. Ta this end the pro:�isioas of this Security insirument and the Note are declared to be ���.
<br /> severable. . „�
<br /> IS. Borrowu's Copy.Bonower shall be given one conformed copy af this Security]nstrument.
<br /> 16• A��ment of Reets.Borcower unconditionally assigns and transfers to Lender all the rents and revenues of the Propcny.
<br /> Barcower authorizes Lender or Lender's agents to collect the rents and revenues and hereby diruts each tenant of the Propeny
<br /> to pay the rents to Lender or Lender's agents.However,prior to Lender's notice to Borrower of Bonower's breach of any cove-
<br /> nant or�reement in the Security instrument,Bonower shall colltct and receive all rents and revenues of the Property az trustee
<br /> for the benefit of Lender and Borrower.Ttiis assigt�ment of rents constitutes an�bsolute assignment and not an assignment for
<br /> addition�l security only.
<br /> If L.endrr gives notice of breach to Borrower:(a)all rents received by Bonower shall be heid by Borrower as trustce for benefit
<br /> of Lender onty,to be applied to the sums sccured by the Securitp lnsttumcnt;(b)Lender shail be entittal t�collect and teseive all
<br /> � of tht sents of the PraP�Y:and fc)each tenant ol'the Frvperty shaU pay all rents due and unpaid to Lendcr or Lender's agent
<br /> , on Lender s wrltten demand to the tenant.
<br /> Borrower has not executed any prior a5signment of the «nts and has not and will not perform any act that would prevent
<br /> � Lender from excrcising its rights under this paragraph 16.
<br /> Lender shall not be required to enter upon,take control of or maintain the Propeny before or after giving notice of breach to
<br /> Borrov`er. How=ver,Lender or a judicially appointed rettis-er may do so at any time there is a breach.Any applic;ation of rents "
<br /> shall not curt or waive any default or invalidate any other right or remedy of Lender.This assignm.°nt of rents of the Property �
<br /> -- shali T�rminste wLor�r_he de�+t��1red 4y:he 5�.�ri:; I:ut:amt:�t :s pW�iz full.
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