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<br /> .. ' ' !.Graai tir A�M Detit: - • , .
<br /> (s)Deti�Y:i�ender m�Y.asxpt as ltmited 1ri►regW�tions issued by`the SeccetarY in the case of payment defaulis,require
<br /> immediast pa3rme�t�fnU of al!sums secursd bj►this Secnrity Iastromeat if: . �
<br /> � ` . ()BoRawer defaotts 6y fiu�n�iQ pay in fuD my maathly payme8t re9uire�by this Savrity Instrument prior to os an
<br /> tDe due date oi the ae�t manthJp paymmt,ar , , ' . �� . �
<br /> ., � � � ' (�8orrowtir defauits It�faiGi�,for s�periad of tL'uty days.to pertorm saY ot6et'oltlig�tiaas contsuied in t6is Sxurity ,
<br /> •? tnstruaie�R. .
<br /> S �Y/•��� iii�iA� � .. ' .
<br /> A�e�al, if pa�e�[�yr�ppl�bk jsw aaa with the pr'sor appmvai ofahe sec�ry.nqaue
<br /> < immedi�le payme�ia ful�of aII ti�e a�s ee�e+ed by lhis Sec.vnity Imtcimoeat if: . .
<br /> , ' .,• n AR ar prt a�@�e prQpatY u��te tramfaned(at6er tBaa by d�w�e or d�ant)bY the Bor[owa.aart
<br /> . � `, (d}'ibe Prapaty�a oat ooaiped by tBe pocr�w or�sMa as t�is ar bet pr�ry or s0000dQy tesideaae,ar d�e p�as .
<br /> ' � . ° �n1et das ao ooa�py d�e Pmpaty bu�h+s or hercec�Ms nnt 6aea�ppiwod in auo►Ydreoe wi�h tbe:eq�anmca ofthe Se�y-
<br /> � ' (e)N�WrMx.If circamsqacsbcc�tHat woutd permit i.esder to req�e in�mediue paymeut ut fu11.but Lender does nat �
<br /> , , requin s+xh WYmmts.L�eader does aot waive Its ri�hts v�ith rayect to subsequent events. � ?: . .
<br /> • � ' (i)1bptMi�r of eUD See�slar7•In manY circumsisncs.s reEuladons issued 6Y the Secretary w�l limit Lender's rights.in _ . ��.';,'`;
<br /> � the cxse of psyment defiutts.to require iuuaediatq psYmait in fnll and fflreclose if not paid.This Savrity Instrwneat does . , ' ....
<br /> � . na au�6orize aoodersdon or fareclasure if na per�ie[ed by reg�tious oi ihe Secrerary. . �
<br /> '. ' �.Lt�i�rle�ent. BorcoMer has a riB6t to be reinKated if Lead� 6as required immediate payraeat in full ba�use of � .. .
<br /> � Borto�r�er's f�ure to psy aa ameunt dve under the Nate or tbis Security Ir���±* This right appGes even after foreclostfre . •
<br /> ' < prooeedinp sre instituted.�To reinsute tht Savrity tas�rwpent.BorroWer sbalt teader in a Iump suai all aqtounts reqaired to . .
<br /> ' brias Borro�rer's account cunent induding,to the eataat thry are obtigations of Boaowtr nader this Sccnrity lnsuument, . ,
<br /> fanxJosnre costs aad re�sanable �nd ctutomary attorneg's fas and eapenses propetly associated with the forxlosure
<br /> , � ' prooeedias.Upon s•einstatemene b�►,Borro�rer,this Secarity In,-tn�ment and the obtigatiaac tl�at it suaues shall remaia in effect as .. .
<br /> � 1 ' if Leada dsd not rajuirtd immodi�e WYment in fiill.However,Leada is aot required to ptrmit reiastattmem if'(i)Lehder has .
<br /> ; �ted reinstatemmt afur the commencanent of forectosure proaed�ngs wii6ta two years immediatdy preceding the .
<br /> i commenctment af a cument forcxIosun Froa�din8.(i��relnstatement an'll pra.tude forectosure on different grounds in thr
<br /> , future,or(m�reinsutemrnt wt71 advtcsely a►ffect the priority of the fiea created by this Security Instrument�
<br /> • � ]L 1o�rower Not Relared;FoNe�ce�Bf Le�da Noi s Wairer.�Extension of the time of paymeat or modification of
<br /> . � anwrtizuion of the suias savred hy this Secvrity Instrument granted by Lender to any successor ia interest of Bonawa shaR aot �
<br /> oyerate to rele�e the Gabllity of the oripnal8orrowtr or Borrower's saccessor in inierest. Lender shaU not be reqnirad tr� '
<br /> ' ' ; , , comanence prooeodings aBainst any successor in intercst or refuse to extend time for paywent or otherwise modify amortizar�nn ' ,
<br /> of t�e sums secvred by this Socurity Instrument by re�son of any demand made by the original Borrower or Bonow�r's .
<br /> � �_ ` successora in interest.My forbearanee by Lender In eaercising any right or remedy shail not b�a waiver of or precinde the � �. -:
<br /> � e�ercise of any right or remedy. . ' ' ,
<br /> , ]_.S�etaro�s a�d As�n aoud;lot�t a�d Seveta!L#blfttY:Ca•Si�er�.Tha covenants and agreements of this Security . ; .
<br /> � ; Instrumrnt shaU bind aad benet3t the successors and assigns of Lendes aad Bonower,subjeet to the provisions of pazagraph 9.b. _
<br /> Bonower's'eavenants and agramenu shall be joint and several.Any Borrawer who co-signs this Securiry Instrume�st but does �
<br /> ' not execute the Note:(a)ia co-sfgnitsg this.Secutity Instrument or,�y fo mortgage.grant and convey that Bonowar's iaterest ln -
<br /> the Pro�erty under the tera�s of t,�is SecuHty Instrument;(b)is not personaliy obligated to pay the sums secured by this Securiry
<br /> InsWmeat; and (c) agras that Lender and aay bther. Barrower may agree to emmd. modify,.forbrar or make any -
<br /> ; accommodatIons with regard to the term of this Security In..t:�nzrt or the Nate wIthout fhat Bonower's consent. ' • :
<br />: , � f 13.Notka.My notice to Bonowet ptovided for in this 3ecurity Inmument shall be given bq delivering it or by mailing it by ' �
<br /> ! � t"ust class mail'anlas a�Dliq�s2e taw requires use of another method.'1'he notice shall be directed to the Property Addrsss or any
<br /> � othei address Bonawer.desigaates by nouce to Lenda.Any notice to I.ender shail be given by ftrst class mail to Lender's addrcss
<br /> • ! stated herdn or sny addte;s Lendes designates by notice to Barrower.Any notIce provided for ln this 5ecurity Instrumeni shall
<br /> be deemed to have bee�given to Borrower or Lcnder when g���en as provided in this Daragraph. • � •
<br /> i . .
<br /> ' l�.Goreeai�I.a�;fiererabflity.This Socurity Instrumer�t sha1l be goveme0 by Federallaw and the law of the jurisdiction in
<br /> � which ihe Property is located.In the tvent that any provision or clause of this Secarity Instrumrnt or the Note conSlicts with aF-
<br /> j pUcable law,sneb coaflict sfi�a11 not affect other pravisions of this�.�'ecurity lnstrumrnt or the Note whreh can be given effect
<br /> withoui the coaflicting provision. �'o this end the provisions of this Security Inslrurnent and the Note are declaaed to be
<br /> ! aeverabla. . .'�
<br /> , . � �.a'�.
<br /> .� LS.Sorro�ver'a Copy.Borrower shall be givrn one conFo.,ned coDy of this Security lnstrument. , ,
<br /> � if.A�Ijnaeat of Re�ts.l3onower uncondltionally assigns and vansters to Ler.der a11 the rer.ts and revenues of the Prop°rty. � �
<br /> • � Borrower aut�asizes Lender or Lender's agents to collect the rents a�d cevenuas and hereby dirc�ts each tenant of the Pra�erty � � ,
<br /> � to Day the rertts to Lender or Leeder's agtnts.However,prior to Ler�;r's notice to Burrower of 8onower's breach af any cove-____ .
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<br /> nant or aarenatnt in the Security Instrument,Bonowes shall collut as�d recdve all rents and revenues o the Propeny as tsu.':C�C ' ' •
<br /> � for the benefit of Lender acd Borrower.This assign�c,�t of rents consdtutes an absolute assignmerit and aat a�assignment for • '
<br /> I • additionat security anTy. � , �
<br /> � It Lender gi�es notice nY breach to Bcxrower:(a)all renis recc5ved by 8ortower shafl be held by Borrowet��r�stee for benefit .
<br />� ` .oi Lenda oatq w beappiied to the su�s secured by the Security l�s,.�+:ment;(b)Lender shall�e entitled to collect and receive all � .
<br /> � • of We rents af tk:e Property;artd(c)each tenant of the Property shail pay all rents due and ur,�d to l.ender or Lender's agent •
<br /> � on Lender's written ds�3 to the tenant.
<br /> � , � Bonower has not exe�;.?rd any prior assigr�mcnt of the rents and has not and will nat perform any ur-��rat would prevent ;
<br /> . Lender from exercising its rights under this paragaph 16.
<br /> . Lender stsalt not be required to enter upon,take control of or maintain the Prope�y before or after giving notice af breach to
<br /> Borrower.�ia�ever,Lend4r ar a judicialty appointed receiver may do so at any time there is a breach.Any applIcation of rents ---- -
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<br /> shaU aot cure or wa9ve any default.or invalidate any�other right or remedy of Lender.This assignment of rents of the P'roperty ,
<br /> � shall terminate when thr dobt secured by the Security Instrument is paid in fu11.
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