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rf� ��-�-- .� —:,---�.--1,. .:., .� �: � � 1 9�,` 10431 � s, cro..is tof Acce�enno.or ncet. (�)1ltf�eN, L.ender m�y.exctpt u Umited by re�uladons issuM by the atcretary In tAe casc of payment dciautts,tequirc immedLtc pa�rment in full of all sums secured by thi�Secu:it�r instrument ifi (i)Bonower defaults by failin�to psy in full any manthly payme�lt tequlred by this Securi�y lnstrument prior to or on � the due date of the neat monthly p��rment�or (i!)Hortower delault�by fd8n�,for a period of thirty days,to perform any other obl��tions contttned in this Secuflty � Instrnment. lb)Sde Wlf�oat Credk Appna�al,Lsadet shill.lf partniaed by tpplicaNe Ltw and v►�IA the prior�pprav�!of the Se�crctarY��N� ' immodi�le P�ymeat ia fuU of aU the surtu secured by thi�Securiry Inurument if: • (i)All ar p�ut of!be P�opesiy i�atlKCwlse 4amfared(othcr than by deviae or deaoeat)by the Botcower. �cd .. i (ii17Ue P�+operty ia not oocupiod by tho puchiaer or gnu�see as hia or he�primary or aocarduy iaideaoc. or the punMser or � gc�nlee doea ro oa.vQy Me Pnopaty but Ai�or t�a ctedil hn aot boeo appcoved ia�000ed��oe wMh the raryiranenls of the Secn�y. � 4e)No Waher.lt circunutances occur that would permit Lender to roqutre immodl�te paymeat in full,but Lender does not ' requirc such p�ymenta. Lsnder doa not waive ita rlshta with rapect to subsequent events. � ; ' " , (�)Aepl�lioM ot HUD See�el�l•In m�ny circumstaaca re�W�tioas issued by the Secretuy wiU Umlt Lender's dghts.in the c�ue of psymmt defaults,to require immediite payment in full aad foreclose if not paid.This Securlty instrument does aot�tuthorlu accslentlon or forcclosurc if aot permitted by re�uladons of the Sceretary. � 1!. �elrbMae�t. Bo�ro�rer hss a ri�ht to be reinstated if Leader has requlred immediate payment in full because of j Bortawer'a fdture to pay an amount due under the Note or this Securtty Iastrument.This dght appUes even after foreclosure — ; nioce�dIats are insfltuted.To relnstate the SecurltY IastrumeAt.Botrower shall tendtr in a lump sum all�mounts required to t brin�Boso�er's account curceat including,to the eatent they are obllsations of Borrower under this Security U�strument, ' foroclaure costa and rwonabk and customary attomey's fea and e�penses properly associAted wlth the fareclosure � prooeedln�.Upon:elnat�tement by Borcower,tl�i�Security Instrument and the obHgations that it secures sh�ll remain in effect as if Lender hM not required Immediate psyment in full.However.Lender i�not required to permit reinstatement lf:(i)Lender has aacepted reinstatement after the commencement of foreclosure proceedings within two yars immedktely preceding the ; commencxment of a current forcclosure procading, (t� reinstatement w1U preclude foreclosure on different gcounda in the future,flr(tii)u�nstatement wlll sdveraely affeci the pdority of the lien created by this Security Instrument. ; il. bn+ower Not Rekared;Forban�ce By Le�der Not a W�tver. Extension of the dme of payment or modificatlon of �morti�tioa of the sums sacured by this Security Instrument granted by I.onder to any successor in interest of Horrower shall not ' opetate to rekase the I�ability of the original Borrower or Borrower's sucauor in interest. Lender�hall not be required ta ' , commence prooeedinds against any suceessor in interest or refusc to extend time for payment or otherwise modify amortizadon ' ' of the suma secured by thls Secwity Insuument by reason of any demand made by the o�iginal Boaower or Borrower's � auocessors in interest.Aay forbearance by Lender in eaerclsing any rigt:t or remedy shall not be a waiver of or preclude the . eaercise of�ny right or remedy. ' -- —� IZ.9�eeeson aid A�i�u Bo��d;Jotit sed Sereral Li�bWq;Co-Si�ae�s. The covenants and agreements of this Security f��' • Instrumeat shall bind and benefit the auccessors and auigns of Lender and Sorrower,subjcet to the provisions of paragraph 9.b. " '�' � Bonowet's covenants and agraments shall be joint and several.Any Barrower who co-signs thls Security Instrument but does ' � - not eaecute the t3ate:(a)is co-sign9ng this Security Instrument only to mortgage,grant and convey that Borrower's interest in the Property under the terms of this Security lnstrument;(b)is not personally obligated to pay the sums secured by this Secudty — Instrumrnt; and (c) a�ras that Lender and any other Borrower may agree to oxtend. modify, forbear or make any accomma4tions with regud to the term of this Security]nstrument or the Note without that Borrower's consent. �� . ,y. �3.Notkw.My notice to Bonower provided for in this Security lnstrument shall be given by delivering it or by mailing it by , first ckts mail uNess appllcable law requires use of another method.The notice shall be d�rected to the Prop�rty Address or any other�ddress Borrower daigaates by notice to Leader.Any notice to Lender shall be given by first class mail to Lender's addras ' suted herein or aay address Lender daignates by notice to Borrowcr.Any notice provided for in this Security lnstrument shaU be deemed to have ban givea to Bonower or Lender when given as provided in this paragaph. � 11.Go�er�tas I.�w;Se�ersbWty.Th�s Socurity Instrument shall be govemed by Federal law and the law of the jurisdiction in • which the Property is located.In the event that any provision or clause of this Security Instn�ment or the Note conflicts with ap- - pllcable law. such conlllct shall not affect other provisiona of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the Note are declared to be severable. 4. ;��, 1�.Boirower'a Copy.Borrower shall be given one conformed copy of this Security Instrument. l+f.A�dpse�t of Reats.Borrower unconditionally assigns and transfers to Lender all the rents and roveAUes of the Property. � � Borrower authorius I.ender or Lender's agents to coltect the rents and revenues and hereby directs each tenant of the Property � �-- to ps�y the rents to Lender or Lender's agents.However,prior to Lendet's notice to Borrower of Bonower's breach of any cove- nant or agrament in the Security Instrument,Borrower shall collect and receive all rents and revenues of the Property as trustee for ffio bettcf'rt of Lcndcr and Borrower.This asslgnment of rents coastitutes an absolute assignment and not an assignment for additionat security onty. � If Lender giva notice of breach to Borrower:(a)all rents txelved by Bonower shall be held by Borrower as trustee for benefit � of Lender only,to be appHed to the sums secured by the Security Instrument;(b)Lender shall be entitled to coliect and receive all of the nnts of the Property;and(c)each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agcnt on I.ender's written demand to the tenant. Bonower has not executed any prior assignment of the rents and has not and will not perfurm any act fhat would prevent Leader from exercising its rights under this paragraph 16. Lender shaU not be required to entor upon,take control of or maintaln the Propeny before or after giving notice of breach to Borrower.However,Lender or a judicialiy appointed receiver may do so at any time there is a breach.Any application of rents ,--__��___ shall not cure or waive any default or lnvalidate any other right or remedy of Lender.This assignment of rents of the Property . shall terminate when the debt secured by the Security Instrument is paid in full. � ' M L �� �� � � � I'u;te 3 r.!4 �