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<br /> '.��..�����.��os��. 90-- 10�83 3
<br /> (�10rhd1. Lrndet m�y.except as limttetl by re�ut�ttlons iuued by the Secretary in the case of psymenc defaults.require
<br /> . � immadi�te ptyment in full of�ll sum�eecured by thi�Security lnstrument ii:
<br /> . (i)Sorrower dehuh�by[ailin�to p�y In(L11�ny monthly payme�t requircd by this Security Instrument prior to or on
<br /> thc duo datII oi tae nsai monti�iy p�ymrns.or
<br /> � (U)Horrown ckfaulta by P�Iltn�,for a periad of thlrty days.to perform iny other obli juions conte:a�d in this Security
<br /> , In�tromenl.
<br /> lb)S�ie Wlfrort 4're�Mt A�proral.l.enckr a1nU�if Per�nk�ed bY�pplicabk law��nd with the prior aEg�na��E:c�f tbe Soctetuy.requtte
<br /> . imniodi�le p�t ie fWl of a!dro wm+eavred by tl+is SecuriRr lnetrument�f:
<br /> ,
<br /> � (�All or prt c�f the Property i�otherwiae tnu+�Eetrod(ot1rc.�tLm by ckwix or desan)bY the Hc►rtuw�er, and
<br /> I ,
<br /> , (ii)Tbe Ptvpe�ty is not oa�ipiod by tt�p�urhaser or�ranlee as hie or her prim�ry cx�000nduy residenoe. or the purcAa�er or
<br /> i jr�Mee doa�o aa,ypy the pmperty but his cr her crodit h�s not becn�pp�u�ved in acca��noe with tho roquirc�s of the Secret�ry.
<br /> � (a)IV��Y�.If circumstanca occur tFu►t would permlt Lender to require immodiate psyment i�full,but Lender does not
<br /> requirc sach p�yrtknt�,Lender doa not wsive it�rijhu with rape�,�t to subscquent evente.
<br /> � U)�Ilo�t ot HUD 9a�+elsry.ln many drcumsttnces re�ul�tions issued by the Secretary will limit Lender'e ri;hts.in
<br /> ; the a�e ot pa�ma�t det�ults�to require immediate payment in full and farcclaself not paid.Thi�Security Instrument daes
<br /> ; not w�horize�ocrkratbn or foreclosure if not Aermiteed by refulaeion�ot�he Secrecary.
<br /> , 1
<br /> ; 1�. �N. Harower ha� a �i�ht to be �cinsated ii L�rnder hu �eQuired immedi�te {�yment in full because of
<br /> � BotroMet'f fdlure to p�y�n smount due under ti�e No1e or this Security Inetrument. Thi�ri�l►t applies cven aRer toreclosure
<br /> . pto��e�liMs ue i�tltuted. To�dn�t�te the Sccurity Instrument,Borrower�hall trnder�n�lump aum ali�mounts required to
<br /> � bdiy 9ort�wet'� aocouet current includin�. to 1he eurnt they are obli�aUon�of Barrowor under thi�Security Instrument.
<br /> ; toreclo+uro oo�ts and reaanabk and customuy attorney'� ka and e�prnxs pro�erly auociated with the forecbsnre
<br /> s procardin�.Upon relnsutement by 8orrawer.thi�Security Instrument and the obli�ation+that it sccura sh�ll�emiia in eftect a.� .
<br /> ) it Lender had not requirod immedi�te p�yment in full,However.Lendn is not required to permit reinsatement if:(i)Lender has�
<br /> 1 aoapted rcimtatement atter the commeacement af fo�ectosure proceedinjs witAtn twa yurs immedi�tely precedin� the
<br /> 1 comnKnameat at a cunent torcclosure proceedins�(ii) reinstatement will preclude forcciosure on different grounds in the
<br /> + futurc. or(ili)reinstatement wili adverscly�ffect the priadty of the Uen created by this Security Instrument.
<br /> 1 11.Mrt�wer NN RN��el; FoNe�s�ce 1y l.e� Not � W�iver. E�tension oi the time of payment or modification of
<br /> ! �nwrtir�tbn of the suma secured by 1hi�Secucity Tnsuument sranted by l.ender to any succes.sor in interat ot Borrower sl:aFl not
<br /> ' oQerate to rekax the tiability of the orieind 8orrower or Borrower's successor in interest. LenQer shaU enQC De requiard to
<br /> ' cotnm��na praredlnp yainst any successor in interat ar refux to extend time tor payment or otherwix madify amQrtincian
<br /> af the sums iecured by thfs 5ecurity Instrument by rcason of any demanA m�de by the origin�l Bonower or Bonor►�er's ' '
<br /> suceasan in interat. Any forbeannce by Lender in exerci�ing any right or rcmedy shall not be a wnive�of or preclude the
<br /> exeaciat ot any rijht or remedy.
<br /> is.��N A�r�Ri Jonu s�o se�fi�t9:i�u•SciKie�. ifir cavertants�rtd a�menrs oi[his�ccari[y -- - ��. --�
<br /> tn�trument sh�ll bind aad brnefit the succasors and assians of l.ender ind Borrawer,subject ta the provisions af paratdraph 9.b. �.=
<br /> Bonower'�covenants and a�rccmenta shaU be joint and sevaral.Any Borrower who co•signs this Securi�y Instrument 6ut das �.°=
<br /> not exacute the Nate:(a)is co-sipdns this Security Instrument onl� to monaaae,graat and canvey that 8orrower•s interest in _ _
<br /> the Property under the terms of this Security Instrumrnt;(b)is noi personally abligatec!to pay the sums secured by this Security
<br /> lnstrument; and (c) aaras th�t Lrnder itnd any other Horrower may �gree to extend. modify, fmrNrar or make any
<br /> accommudations with re�ud to the term of this Security Inctn�mem or the Note without that fbrrower's�?�stnc.
<br /> U.NiNk�.My nocice to Borrovrer provided for in�his Secur�tr 1 nstrumrnt sh�lt De�iver�by delivering it ar by rniilm$it by -_
<br /> f�st ctast mail unles�applictble Isw reQuires use of another method. The notice shall be directed to the Propersy Address ot any
<br /> otber sddress Hottower desi�ttatts by notict to L.endee.Any notics to I.ender shall ke gi�en by first clus maii te+Lender's address
<br /> stated hercin ot sny addreu Lendtr desisnates by not�.Y to Borrawer.Any notice Frovaded for in thic Secur�ty Instrument shall
<br /> ' be dee�ned to have 6een pven to Botroxer or Lender whcn g��en as ptovided in thl�paragrlDh.
<br /> 11.Go�e��I.fw;Se�MYty.This Security Instrument shall be�overnM by FrG�ral law and the law of the jurisdictian in
<br /> which the Psoperty is locued. In the event that any FravisIon or clause oi shis Security Instrument at the Note canflicts with ap-
<br /> ' ptksble uw,sneh eontliCt shall not affeCt other prctmcons of this Srcurity Instroment or the Nou which,3n be given effect
<br /> without the cantlictin� provision. To this end the prrs���sions of this Sccurity Instrument and the hore ort de�lared ta be
<br /> severable. �
<br /> L1.�arower's Co/r.Borrower shall be given orte�onformed copy of this 5ecunty Instrumrnt.
<br /> . �
<br /> � 1i.Aa��l of Re�ta.Borrnwer unconditionaljy assigns and trans(ers to l.ender all thc�ents and re�enaes of�t�e Property.
<br /> Bottower wthorius Lender ar Lender's aytnts to cc+tlect thc rents and re.enues and hereby directs each unant ot the P�operty
<br /> to pay the rents to�ender or Lender's agents.Hawever,privr to i.crzdcr'c notire tc►8orruwcr of Borrower's breach of any co�•e-
<br /> nattt or aeteement in the Security Instrument.Borrov►er tih�ll collect and rewe�ve all rrnt�and revenues of�he Property as trustec
<br /> � for the benefit of Lcnder and Borrowcr.This uss�gnmens of teas cans�irotes an�bsolute assignment and not an us�gnrnent for
<br /> additiona!serurity only.
<br /> If l.ender�ives notice of bttach to IiorroN�er:(a)ul�ren�s rece��•nf hy Borrower shall be held by 8orrower ac erustee for benert
<br /> of L.endero�ly.ta be ipplied to the sums ucurecf by 4ht Securuy Instrument;(b)Lea�er shail be ent�tled to colieci and rece�ve afl
<br /> of lhe rents�f the�'ropeny;and/c)each tenant of the Nrc�pe�ty shall pay all rents due and unpaid to Lender vr l,ender's�gent
<br /> on l.endet's written demmnd to thr tenr►nt.
<br /> l3orroM•er hu not caecuted any pr�or assignni:nt of the rcnts and has ni�t and aill not ptrforrr�any i�ct that wouW preL�nt
<br /> ' f..ender from exercising its rights unde�this paragraph 16.
<br /> Lendet sh�ll not bt ttquired ta cntet upon,take cuntto!oi or maiRlaro the Peopetty hrfore nr af(�r gi.ing notice nf hreach to
<br /> F3o�rowet.Howevcr,Lcndcr or a judir+alty appuintcd recci��er may do sa at any timc thcre iti a brr�ch.Any applrcaiion of rent5
<br /> shaU not cure or waive�ny drfault nr invahdatr any oiher ncslu ur rcmedy uf l cnder.Th�ti a.:.��;::�ent uf r�ntti of tlic t'ruperty �___�
<br /> shall terminate whcn thc dtbt serurrd by the Secutity Instrument iti paid �n (uEt
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