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Gre��t�r AcsekraUo�ot ikht. �u� �U�� � (�)Oefwk.Lendet m�y.eaceDt ns limited by reju4tion�iuued by tt�e Secretuy dn thc c�ase of pa�rment default�,requirG immediaie piy�mnt in iuU oi all sunu aecured by tAia Secudty Instrumrnt if: (i)Borrower defiult�by faiG�to p�y in i'ull any monthly payme�it required by this Security Instrument prior to or on r t!x due date og the next monthly p�yment.or 1 (ii)Bottower cklauhs by EaIllnt.fot�period nf thirty days.to perform any other obGa�tions contalned in ehis Secudty Ia�trument, (r)Sak Wlflwt(.'redlt Ap�al.Lender sh�ll.if pa�miped bY�PP��+��N wd wilh the prior approvd of tbe Socrewy,roquiie i�aoodiMe p�ya�eat�a ti�ll ot�11 tbe apmo��ecmed 6y tids Sacurity Itaaumeat if: C)Al!or pR of tbe Pcupe�ty 1�othetwise vanfeirod(otber thm by devi+e or de�nt) EY tAe &xrowa�and � (ii)71Ue PmQaty i�aot oucupied by dro�p�a�or�nrMx�t hi�«her ptim�ry a se000dary rai�enoo,or the purch�ser or rc�ee doa�o acv.�upy the Propectv but 1�a her crMit h�aot ban�pproved in�oaonimoe wkh the�equln�nts of the Secre�y. , ' . (c)N�iY�.If c�rcumstanca occw tlut�vould permit Lender to require immediate paymeat in full,but Lender does aot ' require sn�b p�lnaeats�Leoder does not waive i�i ri�hta wlth rapect to subscqucnt eveat�. + (�)�Yfi��W AUD Sec�Mary.In many circumstanas rejulatloru iuued by the Secretary wlll Umit Lender's rlghte.iA ' � the a�e of p�yment dettuhs.to roquire lmmediate paymrnt in full and foralou if not paid.Thi�Sec�u�lty Instrumeat dop : not authorine ao�tba or foreclosure if not permitted by rejulatioas of the Secrequy. 1�• �i�hlp�t. Borro� hu a rij6t to be reInstated if Lender ha�required immedlue payment ln ful! because of Bocrowa':failnre to pay au amouat due under the Note or t�.i Secudty Instrument.This r�jht applies even after forcclosure � � ' prooealinp�re in�tituted.To reimute the Securlty I�utrument,Borro�ver ahW trnder in a tump sum all amounts required to . brin�.Barro�'a aceount currmt includin�,ta the e:tent they,�r4 nhti�sic+n��+f ibnores uuder t�is �,..c-uzity In.:lr��t, _ . • forecW�ure coats and reasonabk and customary attorney'a fees and e�peases properly �ssociated wit6 the forecloswe prooeedln�.Upoo rdaststeoaent by Bonrower�this Sawrity Iaatrumeat and the oblipdona that it secura ahall rem�n ifl effect as � if Leada had not required immediate paymeat in fuU.Horvever.Leader i�not required to permit reinsutement if:(�Lender has � �oapted reinstatement after the commemm�rnt of forecbsure proceedin�s �vlthin two yars immediately Drec¢ding the ooma�enoanent of a current forecloswe proceedinj� (�i) reinstatemoat wIll preclude Forecloswe on d�fferent grounds in the future,or(iii)teinstatemrnt will adveraely affect the pdority of the l�en crated by th�s Security Instrument. i iL �oROwer Na lteka�ea; Forbeus.ee Bf I,e.ier Na�W�I.er. Eatension of the titae of payment or modificadon of � amortiutlon of the swns secured by tfds Securlty Instrument granted by Leader to any succeuor 9n interest of Bonowrr shaU not operate to rekau the liability of the orlgin�l Burrower or Borrower's succasor in interest. Lender shall not be r�uirW to oommen�e pmoeedlnis apinst any successor ln iaterest or reft�se to eMend time for payment or othenvlse modify imvrtizadon of the sums secured by thi�Secudty Instn�meat by reason of�ny demand made by the odginal Borrower ar Horrowrr's , � auocesson in interest. My forbearana by Leader in exercising any rlght or remedy s6ap not be a wuver of or p�reclude the ' . � exerciae of any c�6t or remedy. _ - . M n_""' ' � I . . .__.--.--..-..�_ ' - � ..: a.�wws�.:�iaip ia��a;iai�t ud�e�eA1 I�tDYt4.Co•5yien.The covenants and agreemeats of ttn:s S�curiry _ � lnmumeat shall bind and benefit the succasots and assigns of Lender and Borrower,subject to the provisions of puagraph 9.b. � Horrow�er'a ooveaanta and aaraments shall be joint and several.Any Bonower who co-signs thls Security lnstrument but doa -- � aot ea�ecute the Note:(a)is co-signing this Security Inswment oNy to mortgage,grant and convey that Honower's interese in " � the Property under the terms of thls Security Instmment;(b)is not peraonally obligated to pay the sums secured by this Security ( Instr�meat; and (c) atrees tl�at Lender and any other Borrower msy agra to extend, modify, forbear or anake any • � aocommodadons with reaard to the term of this$ccurity Instrument or the Note without that Borrower's consent. i ; 13•Notices.Any noda to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by �' firat clau mail unkss applicabk Isw requires use of another method.The notia shaU be directed to the Propeny Addras or any � other address Borrower dsstgnata by noace to Lender.Any nodce to Lender shall be given by Pust class mail to Lender's address suted herdn or any addras I.ender dai�oates by notice to Borrower.Any notice provided for in this Security Insttument shall , � be deemed to have beea given w Borrower or Lender when given as provlded in this panaraph. � i 1�•Go�e�i�Law+&nrabiHh.This Security Instrument shall be guvemed by Federal law and the law of the jurisdiction ia . whic6 the Praperty is loqtted.In the evmt that any provision or clause of this Security Inswment or the Note conflicts with ap- � ; plkabk laM,such conNct sh�ll not affect other provisions of tUis Security instrument or the Note which can be given effect � without the oonflictin�provlsion. To this end the provisions of this Secnrlry Instrument aad tbe Note are dalared to be ,` severabk. � ; 1S•Horruwer'i Copy.Borrower shall be given one rnnformed copy of this Security Insuument. ; �: . 1f.A��t ot Re�b.Borrovrer uncondiBonaUy assigns and uansfers to Lender all the rents and revenues of the Property. � � Borrower authorius Lrader or Lender's agents to collect the rents and revenues and hueby directs each tenant of the Property . ' ta pay the reats to Lender or Lender's ageau.However,prior to Lender's notia to Bonower of Borrawer's breach of any cova nant or agreement in the Security Instrument,Borrower shall collect and raeive all rents and revenu�s of the Property as trustee ' for the benefit of Lender and Borrower.This assignment of nnts constitutes an absolute assignment and not an assignment for . addItionai security only. If I.ender givss notice of breach to Bonower:(a)all rents received by Borrower shall be held by Borrower as uusta for benefit of Lender only,to be applied to the surns secured by the Security Instrument;(b)I.ender shall be entitled to collect and receive all of the reata of the Property;and(c)each tenant of the Property shall pay all rents due and unpaid to L.ender or Lender's agent on I.ender's written demand to t6e tenant. Borrower has not execvted any prior assignment of the rents and has not aad will not perform any act that would prevent Lendeir from c�cercising its rights under this paragraph 16. Leader shall not be requ'ued ta enter upon,take conVOl of or maintain the Property before or after giving notice of breach to Bonower.However,Lender or a judicially appointed receiver may do s�at any time there is a breach..1ny application of rents shall not cure or waive any defauit or invalidate any other right or remedy of Lender. This assignment of rents of the Property ' ^ , shall terminate when the debi secured by t�e Security Instrument is paid in full. , L � � `°l� :� PuKe.l��j 4 �