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Ave 3 df 4 E � � J - _ _ _ 94-= 10.50178 , 9. &VOK t k �.. of VOL �, except as 11W IV r "flons issued by the Sccret In tbecase of psymen(defau�ts. require . ' immediate payment in full of all � secured by this Security,tnstrument if- mommy paymefre4�d by this Security Instrument prior to or on tuba date off t ne�idjmoathiy pi m�or - (Ii) DO.M RAfsuits by fMins. fora paw of thirty days. to perform say pUmobligationis contaiwilin this Secm'ity . pa Sala*M" Crafri<Appesrd. IEasletr shiny. if pe w iltedby applicsb kw and withf pdw appmvd of ft acreptry. raquue -- — -- - hwarl M 1 5 111- in (A of A tht: sums secured by td's Security' moment it AS or pact of tie lropaty is edecw�ae traadtased (odes tliiss by devne Or descent) by due $ofICwel, and 4 , . { 4 fii)'itiey s sot oOCd by rii4 pnistris or pss�ee as dss a fw praosy a saoadnay residence, or it purchmei or oaree doer>Daoealry liieP�nopistj►I etliis 'ariertieFit)ltsssnt6eenaHeoMad ibsmotdeee �itli tyre efedtite Secatedry. = (e) Ne Waisss. If circumstances omur that would permit Lerida to require immediate payment In full, but Lender does not '"hire such peymetu. Leader does not waive: its rights with respect to subsequent events. (!Mededaas tt HUD Ssete m In many ciratmstaaoes regulations issued by the secretary wID limit Lendees rights. in the ease of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does, - - sot authorize accdcration•or foredosum if not permitted by- regulations cf the secretary. -- -- IL Rd Borrower has a right to be Tchistated if Leader has required immediate payment in:iuli because of - - -, Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure ' prooeedratgs are ias*utad. To reinstate the Security Insftume:% Borrower shall teada in a lump sum all amounts required to bring Borrower's account wrest Including, to the extent they are obligations of Borrowa under this Security Instrument, foreclosure' costs and' reasonable and customary, attomey's fees and expenses properly associated with the foreclosure prncaading: Upan ninstatement by Borrower, this Security Insm mmt sad.the obligations that it secures shill remain in effect as if tmder had not required immediate payment in foil. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the ` oummenoemeat of a current foreclosure proceeding, (h) reinstatement will preclude foreclosure on different grounds in the f futurr, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. ' • tL swrower Net Rdewd. Forbearwaee 11f� LeMer Not,a Walter. Extension of the time of payment or modification of - - - - -- -lino h* tionoftbe_s=.% w__ mredbyth1s& urityiastrurmentmntedbylmdertoww -succe sap► in interest ofBorr6wersballnot - - - -. - -- - , - -_ -- , -- : operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwisf modify amortization of'tbe sums seared by this Security Instrument by reason of any demand made by the original Borrower or Borrower's : t sucoexsors in Warm. Any forbearance by Leader in exercising any right or remedy shall not be a waiver of or preclude the ' exercise of any right or remedy. . IL Sucessen cad Assigns DovaC lolat acrd Several UnWty; Co- Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9.b. ' Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does ;= not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) Is not personally bbUSued to pay the sums secured by this Security lnstnimtent•. and (c) agrees that Lender and any other Borrower may agree to extend, modify. forbear or make any accommodations with regard to the term of this Security Instrument or the Note without that Borrower's consent. 11, Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by manias it by - first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any = other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Bomtwer. Any notice provided for in this Security Instrument shall ' j be,deemed to.have been given to Borrower or Lender when given as provided in this paragraph. ,. It Coverts Law; Sevenbility. This Security Instrument shall be governed 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 Instrument or the Note conflicts with ap- i pliable law, such conflict shall not affect other provisions 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. 19. BorroweetlCopy. Borrower shall be given one conformed copy of this Security Instrument. T• Iii. Aasigaa t of Rears. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any cove - rant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. Ills assignment of rents constitutes an absolute assignment and not an assignment for additional security only. ' if Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only. to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 16. - Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However. Lender or a Judicially appointed receiver may do so at an, time there is as breach. Any sppliration of rents shall not cure or waive any default or Invalidate 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. Ave 3 df 4 E � � J