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_ . . ___..,. .. ...... ..y� . . 1� ._�_. _. �:L..� ',t ,._ �.� . � � _ 9. Cro�wd+to�Aac�kr�tlo�a! Desl. ��s� ' (�)llef�rlt.Lender may.except ss timited by regulatians issued by the Secretary in the case af payme�t defaults, rcquiro immedi�te payment in full of all sums secured by this Securit�� Instrument if: (i)Dorrower def�ults by failing to pay io i'ull any monthty paymerlt required by ihls Security Instrumcnt priar to or o0 r the due date of the nrxt monthly payment.or 1 �ii)Borrower dePAUlts by fsilln�,for a period oP thirty days.to perform any othtr obligatfons contained in this Security InsWmrnt. � (b)Sate Wk�out Gredit Apprav�l.Lendet sMli.if peimitted Ery appticable taw uri with tt�e preor appmval of the Secretary.roqui�e immedlate pi►ymrnt in fu11 of all the wzt�socured by this Security Instrument if: , (7 AU or part of the Pnoperty i�aberwise au►eferrod(other th�n by davise or dcsoen)by the Borrowes. and ; tii)7tro Propeny is aot cxcupkd by the purchsser or grantce As his a her primary or seoondary �+esi�dence,or the purhscer o� � graneee does ao e�ocupy tho I'�+operty but his or her crodit h�not been approved in aooarda��co with the toquiranents of the Socratary. � (c)No W�iver.If circumsUnces occur that would permit Leader to requ'ue imtnodiate payment i�fuU,but Lender does nol � require such payments,Lender doa aot waive its rights w9th respect to suDsequent events. � ! (i)lte�tior of HUD Secretu�.Ia many circumstances tegulations issued by tha Secretary will limit Lender's rights,in J the case of payment def�ults,to require immediate payment in fuU and foreclox if not paid.Thls Security Instrument dcxs ; not autho::xe acceleratlon or foreclosure lf not permitted by regulations oF the Secretary. � l�. Rei�wkae�t. Borroxer has A right ta be nlastated if Lender has required immcdiate payment in fup because of Borrower's fulure to pay an amount due under the Note or this Secndty Instrumeat. Thls right applies even after Foreclosure praceedin�s ue instituted.To reinstue the Security Instrument,8orrower shall tender its a tump sum aU amounts requlred to . brins Borrower's aeoount carrent including, to the eatent they are obUgations of Banower under this Security Instrument, f0(OCIOSII[O 003i5 iD� iCaTOl1Ab1O and customary attomey's fees and expeases properly associsted with the foreclosure proceedin�.Upoa reinstsasment by Borrower.this Security lnstrument and the obGgations that it secures shaU remain in effect as ' if Leadtr had not sequired immediate payment in full.However.Lender is not requircd to permit reinstatement If:(i)Lender has � aocepted relnstacement after the commencement of foreclosure ��ceedings within two years immediately preceding the ; rnmmencement oS a current foreclosure proceeding, (ii) reinstaten2�nt will pralude foteclosure on different grounds in the � futtue.or(iil)reinstatement wiU adversely affect the priority of the tien created by this Security lnstrument. 1 � 11. Eorrower Not Released; Forbara�ce By Leadee iVot a Wdre�. Ex[ension of the time of payment o�modif3catlon of amortization of the sums secured by thls Security instrument granted by Lender to any successor in interest of Borrower shall not opetate to releast the tiabiliry of the orlginal Borrower or Bonower's successor in interest. Lender shaU not be required to commena prooeMings against any successor in interat or rofuse so extend timc for payment or otherwise modify amortization ' ' ; of the sums xcured by thls Security tnstrument by reason of any demand made by the orlglnal Sonower or Bonower's � , successors in interest. Any forbearana by Lender in exercising any right or remedy shall not be a waiver of or preclude the : eaercise of�ny right or remedy. 12.S�eces�oe aad A�ipu Bodsd;7oiat and Sevenl Liabillty;Co-Si��ers.The mvenants and agreoments of this Security i „�a � Iastrument shall bind and benefit the succeuors and assigns of Lender and Bonower,subject to the provisions of paragraph 9.b. ! lsorrower's covenants anu uyrc�u,er��s sralt b:,jaiai assr!scve;,�.��y 8onower wdo co-signs thls Security Instrument but does = — _ - � rr�t execnte ih�Nntr�/a�ic rn_sie_,�pin�o�hi4 C!!'!tfll��tr��r 4*.l4;!��+4. °a t.°eiE.^.3 YCa�^!'t�itlES pC:iQ:SL:'S::t:Lt�::R ` • : _.. ..- - - ! t�e Property under the ttrms of this Saurity Instrument;(b)is nat personaliy obilgated to pay the sums secured by this Security s I�strument; and (c) agtees that Lender and any other Borrower may agra to extend, modify, forbear or make any , accommodations with regard to the term of this Security Instrument or the Note without that Borrower's consent. � l3.Notka.Any notice to Boaower provided for in this Security lnstrument shall be glven by dclivcring it or by mailing it by � � first cl�ss mdl uNess applicable law requires use of another method.The notice shall be directed to the Property Address or any ''' i other address Borrower designates by noiice to Lender.Any notice to Lender shall be given by first class mail to Lendor's address i steted haein or any address Lender daignates by notice to Borrower.Any notice providcd for in this Security lnstrumsnt shall i be damed to hsve ban given to Borrower or Lender when given as provided in this paragraph. � 14.Govern�f Lsw;Se�enbWty. 'i'his Securlty Instrument shail be govemed by Fedcral law and the law of the jurisdiction in wtrich the Ptoperty is located.In the event that any provision or clause of this Security Instrument or the Note conflicu with ap- plicable lxw. such confliM shall not affect other pro•�sions of this Security Instrument or the Note which can be glven effect 1 without the coaflicting provision. To this end the provisions of this Security Instrumtnt and the Note are declazed to be � severablc. ,. i�': l5. Bo�row�er's Copy.Borrower shall be given one conformed copy of this Security lnstrument. � t • : 16.Asai=meent of Rents.Borrower unconditionally assigns and transfers to I.ender all the rents and revenues of thc Property. Sorrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property - to pay the rents to Lender or Leader's agents.However.prior to Lender's notice to Borrower of Borrower's breach of any cove- nant or agreement in the Security lnstrumrnt,Borrower shall collect aad receive all rents and revenues of the Property as trustee for the beneft of Lender and Borrower. This assignment of rents canstitutes an absolute assignment and not an assignment for additional security only. IB Lender gives notice of breach to Borrower:(aT all rents received by Bonower shall be held by Borrower as trustee for bene�t � of Leader only,to be applied to the sums secnred by the Security Instrument;(b)Lender shall be entitled to covect and receive all of the rent�€ihe Property;a��d(c)each teaant of the Property shall pay ail ren�s duc and unpaid to Lender or Lender's ugent on I.ender's x�ritten demand to the tenant. Borrower has not execated any prior assignment of the teats and has not and will not perform any act that would prevent Lender from exercising iu rights under this paragraph 16. Lender shall not be required to enter upon,take control of or maintain the Property before ar after giving notice of breach to Borrower.However,Lender or a judicialty appointed receiver may do so at any time there is a breach.Any application of rents _ ____ shall not cure or waive any default or invalidate any other right or remedy of Lender.This assignment of tents oP the Property � � shall terminatr when the debt secured by the Security Instrument is paid in full. � M L � � �� ,.,.�� t ,.,, — .--------_----__ � ..� �� . �,. �_.__.___.�.�.�._._.�_.� .�_ _ -- �::.��a� -� -