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<br /> • , � (�)DNMh.Lender may.except aa Itmite+i by resuladon�iuucd by the Sec�etary in the case of psyment defaulis. �equire
<br /> immedl�te peyment in fuQ of�ll aums secured by thie S�cur�ty instrument if:
<br /> (i!Aormwtr dtfautts by failinj to pay In EuR�ny moathtY D�Yme�tt required 6y thi:Secudty t�.���meai�rias L�o:br.
<br /> � tbe "we dus ol the eeat manthlY MY����
<br /> (i3)�onoxer det�uh�by failin��fo�a period of thirty days,to paform any ather obliqtions contdncd in this Securlty
<br /> Instrument.
<br /> (r)9�k WNYo�t�eilt A�ror�l.lsMe�st�U�if PaeNped bY spplicabie law�ud with the prior�pprova!of the Secrwry.roqui�+e
<br /> �media�e p�t in fi�!!oE�t!tAe�t�ecund 6y thl�Security inwue�ent if:
<br /> (i)IU1 or p�ct o�d10 Ptopetty is ut6etrvl�e tnaatarr+d(ad�tlun�+y�vi_v_,er c�n�e►�)�;:!�$arma�cs. :ri
<br /> (�)7tie Yrapqty i�sot oocupied by t6e pu�a or=nwMee�t his a her pri�nry or secon8�ty resideooe.at the ptaclwa or
<br /> B�1ee d�et�o oaat4Y Me Prepe:ty but I�oe!bt cnedit 1�uot bom appwed in�000edrn�oe wid�the toquita�e�b of dro Se�tary.
<br /> °. (e)N��1►sl�.lf clrcumstances occur tlut would perYalt t�ender to require immedl�te payment in full�but I.ender doa aot
<br /> � re4uire wc6 p�ymeats.Lender doa not waiv�its rishb wdth te�pect to suMoquent eveats.
<br /> ' (�)�il�tlw�f HUD S�eref�.!n mu�y circumatanees resulations Issuaf by the Secretary wiU limit Lendet's riahts.in
<br /> the cue ot pymeat defanit�,to require immedlate p�ynknt in full and foreclae it not paid.Thi�Securlty Iaatrument doa
<br /> aot authorlr.e aooekration or forcebsure if nd pertnitted by re�ulations of the Socretary.
<br /> , 1�. �t. Borrower h�u a rijht to be rcinst:!!rd if Lrnder ha� requIred lmmedi�te p�yment in full because of
<br /> 8otrower'a fiihue to p�y an amount due under tlie 1�ote ar this Security Instrument. Thi�Nj6t applies eren aiter forecloaure
<br /> proceedinp ue in�tltuted.To rrinst�te the Savrity IrnWmrnt, BorcoMrer shaII teader in a lump sum all amounts requited to
<br /> br1a�Borro�va'a a000uet current inetudins,to the e�tent they ue obli�atiom Qf 8orrower under th9s Secudty lastniment,
<br /> fotecinsure cdt� and rat+�nabk a►d �stom�nr ettt�sy'a f� �=± e.t�'-� L'ro�slY �oclata3 �ith ttte fot�:a;:::�
<br /> prooeedia�,Upon relnsuteaKnt by Barn+�er.this Security Inswment and the abliptions that ic secures shal!rcmain ia effost a
<br /> if Leader Asd not requirod immediatc pRy�e�ent ia fuQ.Howaer.Lendtr i�aot required to pem�it reinttatement if:(i)Lender 6as
<br /> aoaepted rtinstuee�eat aRer the commencement of foreclosure procecdinas +►cithin two yean immediatety preaQea� the
<br /> ooma�eaament of a curteat forcclosure proeeedinj, (iI) reinsutemeat will preclude forccbsu�e on different�rounds ie cAe
<br /> fut�ue,a(ui2 rcinsutemmt wIU adve�ety sfkct the priocIty of t�e farr.created by thi�Security instrume�t.
<br /> 11• �on'o�rst Not RekrN: Forie.rs�ce h i�Na a Waher. Estmsion of the time o!psyment or modificatlon of
<br /> auwrtization of the:um�ucured by this Security Instrument�rante�d by t,ender to any succr.uor in interat af Borrower ahall net
<br /> operate to rek�se the lubility of the oriaintl Borrower or Borruwer's auccessar in interest. Lender shtll not be required to
<br /> . cotnmena proeeio�dlnjt a�ainst any succpwr in intaat or ntux to extaW time tor payment ar otherwix modiEy amortiution "
<br /> of the ium� �atiued by this SecuNty Iaurument by rqson of �ny Aemaed made by the or�sinal Borrower or Bonower's �
<br /> sucoason in interat.Any farixuance by l.ender in ezercisin�any ri�ht or remedy shall not be�waiver af or preclude the
<br /> esetcbe ot any ri�ht or rertudy. • ,_,_
<br /> --- 12.R�ee�s�wd AMl�wa Rww�,w.l�.�.Iw�.�cw.�.�..r�t.�.�.�.:�'^�c�s�:�. ii:v wKiiaTiiS iuu - -- - ' - -
<br /> ' lnstromrnt shall bind and efit tht t�u��cessoh�utd assiQns of Lender and Borrowet,subject to the ptov�ons of paryraph b �
<br /> Borrower'a coven�nts and a�reemeats ehall be Joint and scweral.Any Bunower who co-sisns this Security Instrument but daes �
<br /> not exocute the Note:(a)is co•aijniaj thi�Security Iestrumrnt only to mort�e.�rant and convty that Borrower's interat in �
<br /> the Property unckr the tertns of this Secudty Instrument;(b)is not ptrsonally obli�ated to piy the sums secured by thi�Security
<br /> [nurwnent; and (c) a�ras that L.ender and any other 8orrowrcr may asree ta eatend. modify. forbear or make any .
<br /> � accontmoduion�with rqard to the tertn of this 5ocurity Instrument or the Note vrit6out that Borrower'�constni.
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<br /> ; 11.NNke�.Any notice to Borrower providM tor in this Security(nstrument shail be{iven by dtliverina it or by mailing it by "-
<br /> fint cWs mW unlas applicabk law requ'ves nse of another method.The eotia shaU be d'uected to the Propeny Addresa or any
<br /> � other addresi Borro�ver desisnata by notic.e to l,endet.Any notice tu Lender shall be�iven by Pust class mail to Lender's addre.n
<br /> . statod htrsin or any addrtss I,ender daijnata by notice to Borrower.Any notice provided fot in this Security Instrument shall
<br /> be desmed to hsve been pr�en to Borrower or Leader�•hen given as provided in this puajraph.
<br /> � 11•Go�er�I.aw:Se�en�•This 5ecurity Instrument shall be gnvemed by Federtl taw and the Isw of the jurisdiction in
<br /> which tbe Ptoperty is locat�d.In the atat that any provi�ion or clause of this Serurity[nstrumrnt or the Note conili:n with ap�
<br /> plicabk taw�sueh conflict shall not aftect other provisions of this Security Instrument or the Note which can be given effect
<br /> without the conflictinj provision. To tAis end the provisions of tQis Security Instrument and the Note are declared to be ,�,,,,,.
<br /> severabk.
<br /> IS.Mrrewer's ' ��
<br /> �ff• ��tovrer sh�l! be gi�•en ane conformM copy of this Security Instrument.
<br /> ri.A�eat ot Re�b.Barrower uncondidotsally assiana ond tr�nsfers to Lender aU the rrnts and re�tnues of the Propeny.
<br /> Bonowet autherizes I,ender or Ltnder's aEents to coliect the tents and revenues and hereby directs each trnant of the Property
<br /> to pty tde reats to Lender o�l.ender's�tnts.However.prior to Lender's notict to Borrower of Rorrower's breach of any cove-
<br /> nant or yteement in the Setutity lnstrument.Bonower shall collecs and receiv�ail renis and rer•enues of the Property as trustee
<br /> for the benefit of'Lcnder and Borcawer. This u�i�nmtnt of rents cunstituta�n absolutc usignment and not an usignment for
<br /> �dditiotlal seCUrity only.
<br /> � if I.endaprs notice o!'brearA to 8orrower:�o)aU rem9 received by Bvrrower shati be hdd by lionox�e�as trustee(ot benefit ,
<br /> of Lender only.to be applitd co the sums seeured by the Secunty tnstrument;�b)Lender shali be entitted eo collcct�nd receive a11
<br /> of the rente ot t!►e Propetty�and(c)each tenant at the Praptrty shall pay aii rents due an4 unpaid to Lender or i.ender's agent
<br /> oa L,ender's written demand co thc cenant.
<br /> Bortower bu not ezecutcd any prior assignment of the rcnts and has not and wiU rtot perfotm any act that eould prevent
<br /> Lender from exercisinj ics riahts under[hi�par�raph !6.
<br /> l.ender shdl aot be irquired ta enter upon,takr control of or rnaint�ire the i'roperty btfote t�r after giL�ng natrce of brtach ta
<br /> Rornovrer.However.Ltnder or a judi:iaily ap;�olnrtd recei�er may do so at any ume Uiere is a breach.Any ap�+licat�on of rents ---- - --
<br /> shall not cure or wair•c any default�r in�alidate a�iy o�her right or remedy of l.endcr.Thic assignrnent af rents of the Property � �
<br /> shall termina« when the debt stcured by the Security Inslrumeei is paid in fu11.
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