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I 90-- 105743 @ Borrower delauhs by bill" to pay in full any monthly payment required by this Security Instrument pilot to or on the due date of the next monthly payment. or (M) Borrower dMaulls by W N. for a puled of thirty days, to perform any other obgpallons contained in this Security Instrument. (b) Sala Without Credit Approval. Lender shag, if permitted by applicable law and with the prior approval of the Seorelaty, require 10mi diste payment In tug of all the sums secured by IN& Security Instrument if: M AN or part of the Property is otherwise transferred (other than by devise or decant) by the Borrower, and (1) The Property Is not occupied by the purchaser or grantee as his or her primary or secondary residence, or the purchaser or grant** dos so occupy the Property but his or her credit has not been approved In accordance with the requirements of the Secretary. (o) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full. but Lender doa not require such payments. Lender does not wabe Its rights with respect to subsequent events. ! (d) Ropulations of HUD Secretary. in many circumstances regulations issued by the Seeretny wig troll Lender's rights, in the case of payment defaulls, to require bumdiats payment In full and la cruse H not paki This Security katrurrrwA 1 does not authodzs scwleration or forsdosua if net pemtM by reputations of the Secretary. 10. Rein ttitaaltestwid. Borrower has a right to be reinstated if Lerndw has required irrirrret%mirb payment in lull because of Borrower's 1'a+'iure to pay an amount due under the Note or this Security Insirwreent. This right applies etien after foreclosure proceedings are insti Mvd To reinstate the Security Instrument, Borrower shall lender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, forecbsure costs and reasonable and eualomary attorneys' fees and expenses property assoaai:ed "ilh the foreclosure proceeding. Upon reinstatement by Borrower, IN* Security Instrument and the obligations that g secures shag v,erma•n In affect as if Lender had not required Immediate payment in full. However. Lander is not requited to permit ramstats rent if: (i) Lender has acceplod reinstatement after the commencement of foreclosure proceedings within two years imnedistey preceding the commencement of a current foreclosure proceedkmg, (M) reinstatement wig preclude foreclosure on different grounds in the future, or (ill) reinstatement will adwreey affect the priority of the Man created by this Security Inalrunwn*. 11. Sorrowei' Not Released; Forbearance By hander Not a Walvsr. Extensic: „r the tkw at payment or modillcagor of arta tizatlon of the sj= secured by this Security Instrument granted by Leadw to any successor in Mieintet of Borrower shag not operate to release the Mablthy of the original Borrower or Borrower's successor in wmcrest. Lender shall remit be required to r. commence proceedings against any successor In Interest or refuse to extend line for payn"t or otherwise modify amortization of IM A= sums secured by this Security Instrument by reason of any demand ma,* by the original Borrower or Boaower's successors in Interest. My forbearance by Lender in exercising any right or remedy shad not be a waiver of or preclude the exercise of any night h or remedy 12. Successors and Assigns Bound; Joint and Several Usbility, 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 l Paragraph g.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 Isms of this Security Instrument: (b) is not personsily obligated to pay the sums seared by this Security Instrument; and (c) agrees that Lander and any other Borrower may agree to extend, modlhi. 'lorbear or make any accommodations odations with j -regard to the term of this Security Instrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for In this Security Insrument shag be given by delivering g or by malting It by hrat Gass mall unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other wftss Borrower designates by notice to Lender Any notice to Lender shag be given by first class mail to Lander's address alpled heroin or any address Lender designates by notice to Borrower. Any notice provided for in this Sewilly Instrument I shag be dee ned to have been given to Borrower or Lander when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shag be go•.cmed by Federal low and the taw of the Jurisdiction in which the Property-is t7caled. In the event that any provision or clause of ttu.s. Security Instrument or tine Note conflicts with applicable law, such conflict steal not affect other provisions of this Security fnsituriew. or the Note which can be given effect without the confMatng provision. To INS end the provisions of this Security r-nsirumena avw ote Note are declared to be severable. 15. Borrower's Copy. IBorrower shall be given one conformed at this Security Inswument 16. Assignment of Rerells. Borrower uncomdrtiora i, assigns and transtm to :ender ail Ott rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and rover;ws and heret>N directs each tenant of the Property to pay the rents to Lender or Lender s agents However, prior to Leader's notice to Borrower mi borrowers breach of sexy i covenanl or agreement v the Secueity Instrument. Borrower shag collect and remove all rents and revenues of the Property as Wstee for the bernfit of Lender and Borrower This assignment of rents constitutes an absolute assignment and not at assignrrtent for additional security only n Lerrder gimme nomm of breach to Borrower (al air rents received by Borrower 5hai ore Reid by Sorrows as trustee for wrest of Lender only, to be applied to the sums secured by the Security Instrument. (b) Lender shag be entitled to collect and recede all of the rents of the Property. and (c) each tenant of the Property shag pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the lerant. Borrower has not executed any prior assignment of the rents and has not and wig not perform any act that would prevent Lender _ from exerclahg its rights under this Paragraph 18. Lender shall not be required to enter upon. take control of or maintain the Property before or after grvng notice of breech to Borrower However. Lender or a Judicially appointed receiver may do so at any time there is a bleach Any application of rents shag not axe or wane any delaull or invalidale any other tight or iwnedy of Lender This assignment of rents of the Property shag terminate when the debt secured by the Security Instrument is pail in full 17. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, L Lender may Invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 17. including. but not limited to. reasonable attorneys' fees and costs of title evidence. n tp W If the power of sale is Invoked. Trustee shall record a notice of default in each county in which M I