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<br /> �. ��.to�,►�.�.at�b�. 90�'� 1 n 2�31
<br /> , (�)Del�dt.Lender may�except as timited by reoulations issued by the Secrctary in the case aP payment defaults,require
<br /> immctti�te p�yment fe f'ull o(all sums srcurrd by tt�s StcuNty inslrumcnt if:
<br /> {:)Bo_rrpwer defaulta by fdlin�to oay in full any n�onthly p�ymeflt required by this Security Instrument prior to or on
<br /> � the duc date of the neat monthly payment.or
<br /> (ii)Bonower def�ults by ftUin�,for a period of'thirty d�ys.to perform any other obli�ations contalnsd in this Securlty
<br /> In�truaient.
<br /> A)�e Nrltiwt t.�'�ilt A�'or�l,l.rnder shdl,if{+etmitted by applicabie faw and with tAe prbr�pproval of the Secretuy.roq�ire
<br /> i�1e p�aa�t i�a fall af al!dre sutru�ecured by dtia Security Insavmeet if
<br /> i (i)Al)ar put of ttiee PtoQetty v ahe�wi�e tratuferrod(aher due by devi+e oc deseen)bY ihe Borrower, and
<br /> . (ii)The Pmpetty i�nat oocupied by the p�u+cbaxr or�nuKee as h�i or her primuy or�eo�oduY trsidaioe.oi the pucch�rer or
<br /> �aKee dow sa c�ocupy th�Propeity but bh or her cradit lm aot boa��ppivved in a�mcd�ooe with IAe requiraqeds of the Soctetuy.
<br /> � (e)Ne W�iren If citcunutanca occw that wouW permit Lender to require immediate psyment in fuq,but Lender does not
<br /> i rtQuire such p�ymeaq. Lmder doa not waive ita risht+with rapec.�t to subsequent events.
<br /> (�)�a�o[HUD 5eetelary.Ia many circumstances reauladons issued by the Secrcary wlll limlt l.eader's rights,in
<br /> the ca�e oT paymeat ckfaulta.to require immediate psyment ia fall and foreclose if not paid.This Securlty Instrument does
<br /> aot autlwrize aooelrntioa or foreclosure if aot permitted by ce�ulations of the Secretary.
<br /> � 1�. lhie�le�t. Borrow�er h�s a risht to 6e ninstated if Lender hac required immaliate p�yment in thU bea�ux of
<br /> : Borro�rcr�s hilure co pay u��mount due under the Noce or this Securicy Iasuument. This rlght applia even after forxloswe
<br /> proCC�dinp�ue instltuted.To reiastate the Security Instr�meat,Borrowtr shall tender in a luaup sum xll amonnts required to
<br /> brin� Borrorrer•s account curnnt includinQ, to the extent they are ubli�adons of Bonower nnder this Securlty Iastrument,
<br /> ' foreclomre oosts tad rasonable �nd customary attomey's fas and eupenses properly associated wlth the foreclosure
<br /> I prooeedin�.Upon reiasutement by Borrower�this Security Instrument utd the obligadons that it secures sh�ll rem�tn effoct as
<br /> 1 if Leader h�d not reQuired immediste payment In full.However,Lender is aot required to permit reinst�temeat if:(�Lender h�
<br /> � aocepted reiastatemeat after ihe conunencement of foreclosure prooeediags within two yeus lmmcdlately preceding the
<br /> i oomamenoement of a curnnt foreclosure proca�dIng, (ii)relnstatement wlll preelude forxloswe on d9fferent grounds in the
<br /> � future,or(�reinstatemeat vriU adveraely affect the priority of the lien crcated by this Secwity Instrument.
<br /> ! 11. Seerawee NM Rekiuer;Forbeua�a Br Leader Not�Waher.fiatension of the time of psyment or modificadon of
<br /> amorti�tion of the sums aecuml by thia Security Instrument granted by Lender to any suoassor in iaterat of Borrower shall not
<br /> i oper�te ta rclease the Wbllity of the original Borrower or Borrower's successor ia interest. Lender shall not be required to
<br /> � commeaoe proccodings agxinst�ny sucassor in interat or refuse to extend dme for payment or otherwise modify amortizatlon
<br /> � of the sums sxured by this SecurIty Instrument by reason of any demind made by the original Borroa�er or Borrower's �
<br /> suocessors ln interest.Any forbauAna by Lender in eaercising any rlght or remedy shall not be a waiver of or preclude the '
<br /> � eaercise of any ri�ht or remedy.
<br /> � 12.Srcca�ors aN
<br /> ; As�as DoM�i;7oi�t a�d Se�en!Lia6Yit�;Co-Si�aen.The covenants and agreements of this Secwity °
<br /> 1 Instrument ah�ll bind and benefit the successors and assigns of Lender and Borrower.subject to the provisions of paragraph 9.b. _--_
<br /> Sorrower's covenanu and�cements shall be joiat and sever�l.My Borrower who co-signs this Saurity Instrument but does
<br /> � ttot p[ecute tHe i�iote:(aj is cv-�iguing G,iy Sa:uriiy jnsirumeni uuly io murig�gc,grYai xnd w.ivey th,�i Borrower's ir+tcrest it1 -_--
<br /> 1k��w�u wdr�w��� • Q�w.• h. N �.lL.� 1 1: �1.�. ..i 1.' C -
<br /> .. �- ......� -� t.... ..t... �L`....�. �r.S^�:v�«�S'w'ww�u"3���=1o�a'L�'�1�'.����v�3'a E�y�.i��'i}y"t'3Z3u��ia��«a�.aSaTio awul"w�S�iaaw w�.tlTf�j . _-
<br /> � Instrument; and (c) agrees that Lender and any other Borrower may agee to eatead, mod.ify, forbear or make any
<br /> ( accommodations wtth regard to the term of this Security Instrument or ihe Note without that Bonower's consent.
<br /> � 33.Notka.Any notice to Borrower provided for ia this Security Instrument shall be given by delivering it or by mailing it by •3
<br /> R firat clus mail unlas applicable law roquires use af another method.'I'he notia shall be directed to the Property Address or aay
<br /> � other address Bonower designates by notice to Lender.Any notice to Lender shall be given by fust class mail to Lender's address
<br /> � stated baein or aay�ddress I.cndes de,signates by notia to Borrawer.Any notice provided for in this 3ecurity Instrument shal!
<br /> be deemal to have ban given ta Borrower or Lender when given as provided in this paragraph. .
<br /> � 14.Go�eni�s Lw;S�ve�a6Biqr.This Secud3y Insuument shall be go�esned by Federal law and tiie law of the jurisdiction in
<br /> wl�ch the Property ia lopted.Ia the event that any provision or clause of E�is Security Instrument or the Note conflicts with ap- _
<br /> , pHcabk law,such contUct shall not affoct other provislons of this Serurity'-atrument or the Note which can be given effect
<br /> without the conflicting provision. To this end tht provisions of this Secunty Instrnment and the Note are declared �to be
<br /> ; severable.
<br /> i LS. �orrower's Cop�. Borrower shall be given one conformed copy af this Security Instrument. ���
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<br /> • 1f.A�me�t of Resv.Bonower unconditionally assigns and uansfers to Lender all the rents and revenues of the Property.
<br /> . Borrower suthorius Lender or Lender's agents to collxt t�e rents and revenues and hereby directs each tenant of the Property
<br /> to pay the rents to Lender or Lender's agents.However,prior to I.ender's noiice to Borrower of Borrower's breach of any cove-
<br /> nant or�rament in the Saudty Inatrument,Bonower shall collect and receive all rents and revenues of the Property as trustce
<br /> ' for the beneHt of I.ender and Bonower.This assignment of rents constitutes an absolute assignment and not an assignment far
<br /> � additionai security only.
<br /> : if Leader�ives notice of breach to Borrower:(a)all rents received by Borrower shall be held by Borrower as trustee for benefit
<br /> . of Leader only.to be applied to the sums secwed by the Security Instrument;(b)Lender shall be entitled to collect aad receive all
<br /> of the nnts of the Property;and(c)cach tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent
<br /> • on Lender's written demand ta t3�e tenant.
<br /> • . $orrower has not executed any prior assigcernent of the rents and has not and wiU not perform any act that would prevent
<br /> Lender from exercisiag its rigins under Uus paragraph 16.
<br /> Lender shall not be requucd tv enter upon,taice contral o�'or maintain the Property before or after giving noiia of breach to
<br /> Borrower. Howeva,Lendet or a judicially appointed receiver may da so at any time there is a breach.Any application of rents
<br /> ahaU not cuse or waive any default ot invalidate any othet right or remedy of Lender.This assignment of rents of the Property .--- ____=_-
<br /> ahall temunate when the debt secured by the Security lnstrument is paid in fuli. �
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