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<br /> . !.GroM�tor Accelentbw ot Debt.
<br /> (�)DH��lt.Lender may�except as limIted by regulation9 issuai by the Secretary in the casc of payment defaults,require
<br /> - immedi�te p�yment in fbll oP sll sams secured by�his Security {nstrument iP:
<br /> (i)Bonow�r defaults by falUnj to pay in fuU ony monthly payme8t required by this Security lnsuument prior to or on
<br /> �' the due ciate of the naxt marthiy p�yment,ar
<br /> � (1�)Barrower defaults by fdUn�,for a period of thirty d�ys�to perform any other obll;atlons contdned In this Security
<br /> iinstrument.
<br /> � lb)SNe WkYo�t Credk Appt+ovd.l.aKkr slu�U.if permittod by a�Qlicable law and with the prior appmval of the Seccetary,coquire
<br /> , u�unadiMe p�ymeat in full of all the sum�socutod by this Security Inwunxnt if: �
<br /> � (i)All or part of the Propetty is otherwise tran�ferrod(other th�n by devise or desce�)by the Borrower.�nd
<br /> .� (ii)ih Propetty is not occupied by the purchater or gniuee a�hi�ar her primuy or�eoadary reskknoe,or the purct�er or
<br /> panloe doa so oavpy the Pt�oQMy but his or her ct+edk hu aat boea�ppnwad in�000[d�noe with the toq�iranaks of the Sacstuy.
<br /> � (c)No Waiser.If circnmstances occnr thxt wonld permit Lender to reQuire immediate payment in full,but Lender does not
<br /> , raquire such p�yments. Lende�doa not waive Its rl=hts with reapect to subsequent events.
<br /> 1 (d)Rephtle�ot Ni1D Secrsl�ry.In many clrcumstances regulations issued by the Secretary wlll limit Ltnder's rights.in
<br /> the cax of�yment defaults,to require immedlxte payment in full and foreclose lf not p�id.This Secudty Instrument does
<br /> ( not�uthorit.e acederation or foreclosure if not permltted by regulatlons of the Secreury.
<br /> ! l�. Reirhle�e�t. Borrower hu a ri�ht to be reinstated lf Lender hu requ�red immedlate payment in full because of
<br /> � Bonowtr's failure to p�y�n iunount due under the Note or this Securlty Instrument.This righi applles even after foreclasure
<br /> ; p;-..�:,,�s,�i.�s��:is!�.TQ!=lASt;.tr tha Sxurir;lantvm�i. nana��tr shslt;sader 3a�lu�r.�s��m�Z�s�n�untg fw�u��Hl tn
<br /> brin� Borrower's account cunent includln�,ta the extent they are obligations of Borrower under this Security Instrument,
<br /> forecloawe coeta and rasonable aad customary attorney's fees and expenses properly assoclated with the for�closure
<br /> � proceedlns.Upon reiastatement by Borrower,this S�ecurity Instrument and the obllgations that it secnres shall remain in effect as
<br /> if Lender had not requir�d'ammed3ate payment In fuU.However,Lender is noi required to permit relnstat�ment if:(i)Lcnder has
<br /> � aocepted reinsutement after the commencement of foreclosure proceedings within two years immed9ately preceding the
<br /> commenament of a cumnt fereclosure proceeding, (ii)reinstatement will preclude foreclosure on different grounds in the
<br /> � future,or(iii)reinstatement will adversely affect the priority af the{ien created by this Security lnstrument.
<br /> ll. llarower Not ltekiaed;Forbara�oe Hy Leader Not a Rd•er. Eatension of the time of payment or modificadon of
<br /> amortization of the sums secured by this Secudty lnstrument granted by Lender to any successor in lnterest of Borrower shall not
<br /> operate to release the Gability of the original Bonawer or Borrower's successor in interest.Lender shall not be requlred to . �
<br /> eommeuee proceedin�.c a�ainst any successor in interest or refuse to extend dme for payment or otherwise modify amortizatlon '
<br /> ' of the suma secured by this S�curlty lnstrument by reason of any demand made by the odg�nal Borrower or Bonower's '
<br /> _ mwe.�aenrr i�l:lL'�w.�. �.^..�f��`^.�SL'IIw�!��!^�t!!R^..`�lS:l.!!!v^��i�a.�l��J!:L'SS"a�:.�t°»n :lOt f`t.°.::'�:°.:'Jf L`!z.:"..C.�114��Z�:L
<br /> -; excrcise of any Nght or remedy. : _ r
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<br /> i l2.S�cee�on asd A�Bo��d;Joirt snd Several Liabilitv;Co•Sisaen.The covenants and agreements of this Security ��=`-�_
<br /> + Insuumeat sh�ll bind and benefit the succasors and assigns of Lender and Borrower,subJect to the provisions of pazagaph 9.b. -
<br /> 1 Borrower's cavenanu and agreements shall be joint and several.Any Borrower who m-signs this Security tnstrumrnt but does '°'`
<br /> not execute the Note:(a)is co-si�ning this Security Instrument only to mongage,grant and convey that Bonower's interest in �
<br /> the Property under the terms of thia Securlty Instrument;(b)is not personally obllgated to pay the sums secured by this Security
<br /> iastrument; and (c) agras that Lendet and any other Borrower may agree to extend, modify. forbear or make any -
<br /> accommodations with regard to the term of this Security Inscccment or the Note without that Borrower's consent. ;
<br /> i 13.NWkri.Any notice to Borrower provided for in thls Security Instrument shall be given by delivering it or by mailing it by
<br /> � first class m�il unless applicable law reyuires use of another method.The notice shall be directed to the Property Address or any
<br /> other s�ddras Borrower daignates by notice to Lender.Any notice to Lendor shaU be given by first ciass mail to Lender's address
<br /> � stated herein or any address Lender designates by notice to Borrower.Any notia provided for in this Security lnstrument shall
<br /> � � be deemod to have ban given to Borrower or I.ender when given as provided in this paragaph.
<br /> ' 11.Govsni�=Lsw,Se��abUdty.This Security Instrument sliall be governed by Federal law and the law of the jurisdiction in
<br /> � wluch the Property is located.In the event that any provision or clause of this Security Instrument or the Note conflicts with ap-
<br />: plicable law,such mnt]ict skall not affect other provisions of this Security Instrument or the Note which can be given effect
<br /> � without the conflicting provlsion. To this end the provisions of this Security lnstrument and the Note aze declared to be �,
<br /> severable.
<br /> 15.Dorrowsr's Copy. Bonower shall be given one conformed copy of this Security lnstrument. �
<br /> 16.A�mest of Rents.Borrower uncoaditienally assigns and transfers to Lender all the rents and re�enues of the Property. , ._
<br /> ' Bonower authorius Lender or Lender's agents to collect the rents and revenues and hereby dltects eacFt tenant of the Propeny
<br /> to pay the rents io Lender or Lendtr's agents.However,prior co Lender's notice to Barrower of Borrower's breach u:'aay cove-
<br /> nar�t or agrament in the Security instrument,Borrower shali cofIect and receive ai1 rents and revenues of the Propetty as trustee
<br /> fot the benefit of Lender and Borrower.7'his assignment of rents constitutes an absolute assigament and not an assignment for
<br /> additional security only. ,
<br /> ; If Lender gives notice of breach to�orrower:(a)all rents received by Borrower shall be held by Borrower as trustee for benefit
<br /> • of Lender only,to be applied to the sums secured by the Security Instrument;(b)Lender shall be endtled to collect and receive all
<br /> of the rents of 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's written demand to the tenant.
<br /> Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent
<br /> l.ender from exercising its rights under this paragraph 16.
<br /> Lender shall not be required to entei upon,take control of or maintain the Propeny before or af'ter giving notice of breacb to
<br /> Bonower.However,Lender or a judicially appointed receiver may do so at any time there is a breach.Any application of rents �`°--
<br /> shaU not etue or waive any defauIt ar invalidate any other right or remedy of Lender.This assignment of rents of the Property '
<br /> shall ternunate when the debt secured by the Security lnstrument is paid in full. '
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