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<br /> � � - . � : : , . . �0---14344� � � �
<br /> � f ce.0+.rar Aoced.na+�or neM. ,- �
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<br /> • (�)Dela�IG Lender msy.aapt as 1'uaitedi by resolations issned by the Soc�eta:y in the cx�e of paymeat defaults.zal� , <
<br /> - ; , fimmediate paymeat ia full of`sll sums sewred by thls Secaricy'Instnsmeat if: • � . ,
<br /> ..� , (i}8orrawa dehnits by fa7in�ta pay ia fWi any mupthlY WY�t required by th€s SccuritY Instrumest prio�ea or on . ,
<br /> tfie dae due oi tbe aa�t mant6lY�Y�►t.�* ,
<br /> Cp)Boao�a de€iut»by failin j.fAr,s period of thirt�►dsys.to paforal any othtr obliaadons wmaincd in this Sceurity . , . �
<br /> � . ` Imtriwmeat. • . , � �
<br /> � lb)5i�ie WIlM�t�Y+e�E A�sl.ireadet a6aU.if Pamit�ed bY applk;abie liw�nd wkh Qie prior q�xvval of the Soc�nry.�equine •.
<br /> . ' -, , immedi�lic pryme:t�foD of al!tbe s�xcmed b�r t�is$eoar'sy Iae�aae�t� ' .. �
<br /> � , �.�� (7 All cr pR ot Bre FioQeety is aH�a�rise�ed(at6er drn by deriY ac draar�}by thc Baaow�a.aod ,
<br /> (n7 T6e P�npr�ty w aot aa;apie�Q by�e pa�or�e s Itis or her ptimay or�eooadny n�idenoe,or t6ep�a or , . .
<br /> , '. ' gealoe doac ao ocxapy 1h�Ptopaty but his or 6er c�edie 63s mt 6edupp�o�rod'm a000rd�ca ailh the coq�m�dt�o€15e Sa�y. . .
<br /> � (e)N��N�e[If�oxur that�vaWd permit I.snder to requtre I�edi�te payment ia fall,bnt Lender dbes naY � '. .
<br /> zaqui�e s�ch.paymmtr.I�ender daes not waive its rl�ts Mrith mpGCt to s�tbseqnmt events. .
<br /> .. ' (��v[HUD See�s4ir�.�a maay c�umst�aces regutatfons issaed by the Se�etaiY.v�l limic L.ender'a rights.ia
<br /> . - .tLe c�e aPpa�mmt definits,tarequire immediate psymeat ta full aad foreNose if not paict.TEtis Savrlty fnstct�ment daes
<br /> : � � aot wthorlxe acaiaatioa or foreciosure if not permitted by re�Tat�ons of ttu Secretary. � ' �
<br /> ` � �iYrdleae�t. Borrower has a ri�ht to be re�astated if Lender hu reqaired immesdiate paytnent ia full 6ecause of . �
<br /> � Boirow�er's htiure to pry aa unaunt due under the Note or this Secaurity Iastrumeat.T6is rtaht�pplks evea after foreclosure �
<br /> !• .. pcooeedinp sre iastltaud.To ninstate the Securlty Iastniment,BorroRer al�all teada xn a luraP sum all amounu reqnired to
<br /> brins 8orro�ra's a000ant cumeat includ'sng,to the esteat they are obligatiaas a£Baaower unde{tbis SecuiIty Instrumeat,. • .
<br /> { ' forecWanre coata aad rensanable and cuatotnary attorney's fees and expenses.�operly sssociated adth the forectosura • � �
<br /> i P���Upon relnstaumeut aY Boaower,this S�eurIty Insuummt aad ttie obHgations that it soctaes shaif remaia in effect as �
<br /> ,. � � if Leqder hsd not required immediate papment in fuU.However.Lendea is not required to permit reinstatement if:(�I.cnder das ' ,
<br /> accepted rtinstuemeai after E4e canmmament of foreclosiue pmcadings within two years imQtediately pra�ling the
<br /> � commenoemeat of a curre�t f�3eciasure procading,(ii) relnstatement will preclude foroctosurc on different gronnds in ehe �
<br /> ; futur�or(iii�reii�siatemeat giJ.adversely affect the pdosity of the lien crtated tsy this Securtty Instrument. ..- , .
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<br /> � iL�rowa fiet Fda�ea;Forbara�B�Le�der Not s Wai.et Extenssion of the time oP�ayment or modification of .
<br /> ' amortiution of tbe snms accured by this Secudty Instrument granted by Leader'to any successor i�c�iaest of Bonower shall aot '
<br /> opaate w rekase the liabilisy of the origjnal Borrower or Bonowec's sucressar in interest. Lender sh�11 not be requlred to .
<br /> . . n�+*��proceedtngs against any successor in iaterest os refuse to exteud time for payment or otherwise modify amosti�don • . : .
<br /> � of r�sams sec�ued by tlus SecurSty Insm�meat by reuoa of any demaad made�y t6e orlglnal Boriawer or Harrower's ' �
<br /> aucca.cors in iaterest.Any forbearance by Leada in oxercising any right or nmedy shall not be a waiver of or prxlude the �
<br /> . exerctse ot aay right or remedy. �
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<br /> ' 12.Skoeio�s aad Aslps Bo��d;7ot�t�ed&�enl Iaa60ity;Co-Si�seea.The covenaats and a�eements of this Security '' '.'
<br /> Instrumrnt ahall bind and benefrt the successors and assigas of Leader arcd Bonower,subject to the provis�ons of paragraph 9.b. � �
<br /> ! Borrower's coveoaats aad ageements shall be joint aad several.Any Borrawu who co-slgns this Security Instrument but does ?,�
<br /> fi� � not eaecute the Note:(a)is co-signing thia Security Insuument only to mortgage,grant and convey that Boanwer's interqt in '.
<br /> it the Ptoperty undtr the terms of this Savrity instrument;(b)is not Decs�nalty obligatod to pay the sums secured by this Sewrity ''
<br /> ' . InsWment; and (c) agrees that Lender and. aay other Borrower m�y a�a to eatend, modify. forbear ar mahe any �
<br /> • accamzaodatians wiffi regard to the teme of this Securitp Instrument or the Note without that Borrower's consent.
<br /> . !3.Notica.Aay nodce to Borrower provlded for in this Securtty lnstrument sha1Z be given by detivering it or by mafling it by � E
<br /> � (trst cJsss m�u7 untess applicable taw requtres use of anothtr metl�od.The notIce shall be directed to the Property Addnss or any
<br /> ' otber address Borrower designates by notice to Lender.My natta to L,eudcr shall.be glven by�rst ctass mail to Lend�r's address
<br /> • statod hereLu or any address Lender daigaues by notice to Borrowa.4.�sy notice provided for in tAis Secudty instrument shall
<br /> • be deemad to have be,eea glvea to Bona�rer or Lender when given as provlded in this paragraph. '
<br /> . H.G��ent��Lsw;Seara6Qtty.This Secudty lnstrument shall be gaverned by Federal law and the iaw of the jurlsdiction in
<br /> . which the Pro�erty is 1a�tW.In the event that any provision or clause of this Socurity Instrument or the Note ronflicts with a�- '
<br /> pllesble•iaw,such confllct shW rtot af(eca aiher provislon�of this Security lnstrumeat or che Nate whleb ran be given effect
<br /> • � 'vrithout tlie conQicting yrovislon. To ths"s e�d the provislons of thls Security Instrument ar.��Fu IVote are declared to be _
<br /> aeverable. �
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<br /> • � l3.Sorrower'�Coyy.Borsaartr shaU be given ons ca�.�'ormed copy of this SecuR:y instru�ent. , .
<br /> K.Aaip�t ot Y,e�t�.Borrower unccr�itionally assigns and transfecs to Lender all the rents a.nd revrnues of xhe Propem�.
<br /> Barrowes authcrr�zes Lsnder or Lcnder's agents to coliec�the rents and revenues and hereby directs each tenant of the Prope�ty
<br /> to jiay the reeis to Leatier or Leader's agents.Howevcr,pr.or to Lendar's not'sa to Borrower of Bonower's breach of any cova�-�--��--:.._ ._._ .
<br /> � : nast ot a�tesmeat ia the Securtty Instrument,Boaower s�all collect and recelve aU r�ts and revenues of the l�r�aerty as trustee
<br /> � � for the benefit of Lender and Borrower.Thls assignment af rents constitutes an absolute assignment and not an assignmeat for
<br /> addition�l aecurlty only.
<br /> ' If Lender givp notice og breacb to Boacs�xr.(a)all rents roceived by Bonowcr shall be held by Borrower as trusta for benefit �
<br />' of L.ender oniy,to be apptied to the sums secured by the Securlty lnstrumrnt;(b)Leader shafl be eatitied to coltect and receive ail
<br /> . of Ehe renu oi the Property;and(c)each tenant of the Propeny shall pay all rents due and unpaid to Lender or Lender's agent
<br /> on Lender'e written dcmand to the tenaat.
<br /> Borrower hag not eaatited gny prior asslgnment of the rents and has aot and will not perform any act that would prevent
<br /> • Lender trom exercisiag lts righu under this paragrayh 16. ,
<br /> ' Lender sha}1 not be rcqulred to enter upon�tatce control of or maintain the Froperty before or after�iving notiee of breach to
<br /> � • Bonower.However.Lender or a judicially appointed recetver may do so at any time there is a breach.Any aDplication of rents ' %_- --
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