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1 .. Greaadb far Accdarwgon of Dirt. 90-- 10 5 8 8 (a) WON. Lender may. except a limited by regulations issued by the Secretary in the case of payment defaults, require inuradiste payment In full of all sums secured by this Security Instrument if- (I) Borrower defaults by failing to pay in full any monthly paymdt required by this Security Instrument prior to or on the due date of the next monthly payment. or r (ii) Borrower defaults by failing, for a period of thirty days. to perform any other obligations contained in this Security Instrument. (b) Sale WNhoM Croft ApprvraL lersder shall if trained by applie" law std with des prior approve of the Secretary. require hronediste payment in full of tdl the sum aeanied this Security Instrument if.. ( (I) Ali or part of Ilse Propety is otherwise tranf erred (other than by devise or descen) by the Borrower, and (11) 71115 Propcny is not omtpied by the purchaser or grantee as his of her Pda%aty or secondary residence. or the purchaser or grantee don naccvpy the Property but his or her cub has not baps WpwvW in accordance with the m*dmnens of the sectttary. (e) No Wahar. If circumstances occur that would permit Lender to require immediate payment in full, but Lender don clot require such payments, Lender does not waive its rights with respect to subsequent events. (d) Repladoaa of HUD Secretary. In many circumstances regulations issued by the Secretary will Mmit Leader's rights. in the rise of payment defaults, to require immediate payment in full and foreclose if not paid. This Security laurutnem don cwt authoxin acceleration or foreclosure it not permitted by regulations of the Secretary. Till itsladdame tt. Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instn ment. This right applies even after foreclosure i proceedings arc instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to t. bring Borrower's account current including, to the extent they are obligations of Borrower under this Secu(dtv Instrument, i foreclosure cress and reasonable and customary attorney's fees and expenses properly associated with the foreclosure pr000eding. Upon reinstatement by Borrower., this Security Instrument and the obligations that it sovotes shall remain in effect as If Lender had not required immediate payozai in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstademe nt after the commencement of fanclosure proceedings within two years immediately preceding the commencement of a current Bbreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatensent will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Reloasadi Forbearance By Leader Not a Walter. Extension of the time of payment or modification of amortirAtion of she sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor an interest. Lender shall not be required to i commence proceedings against any successor in interest or refuse to extend time for :payment or otherwise modify amortization _ i of the sums ucured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the Y;f.' I exercise of any right or remedy. _ 12. Sumenoes and Anlgtu Bosadl Joint and Sew" Liability; Co- Suer. The covenants and agreements of this Security Instrument sh&H 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 :Vote: (a) is co- signing this Security Instrument only to mortgage. grant and convey that Borrower's interest in ) the Property urndw the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Secad ty Instrument; 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. 113. Notices. Any notice to Borrower provided for in this Security Instrument shag be given by delivering it or by mailing it by { first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any j other address Borrower designates by notice to Lender. Any notice to Lender shall be given by First class mail to Lender's address -- stated therein or any address Lender designates by notice to Borrower. Any notice provided for in ibis Security Instrument shun , be deemed to have been given to Borrower or Lender when given as provided in this paragraph. f . I 1+1. Governing; Lawl SevessWlty. 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- plicable law. such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effera without the conflicting provision. To this end the provisions of this Security Instrument and the Note we declared to bx severable. IS. Sci rower's Copy. Borrower shall be given one conformed copy of this Security Instrument. } +iiue. 16. Amiga■eat of Rents. Borrower unconditionally assigns and tra"fers to Lender all the rents and revenues of the Prlopemy. ?t 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 - nant or agraxnn -nt In the Securing Inatmotent, Borrower shall collect and receive all ants and revenues of the Property as trustee for the benefit of Lender as4 oonower. This assignment of rents constitutes an abgtilute assignment and not an mitignmenc for additional security only. If Lend" rives notice of b.=:$ as Sorrawer. (a) all rents received $) Borrower s�iaJ be held by Borrow=: az truatu '., y' e;: eC94 of Leader only. to be applied to the sums secured by the Security Instrument. (b) Lender shall be entitled to collect and receive all of the refits of the Property; and (c) each tenant of the Property shall pay all rents die and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. arrA_ f!t hms nN vtwr.ltm .nv nrlr .a.isw. 1 ..f .ku ..cola .-A 1... con. .�A ...ell ..... �.f�.� � ....1. �.........� __�..�. i r.._. ..y... .. .... ... .. .....� ...v ......... and WL ..r- y..wu.. = a... cow. Would P.VYLaR Lender from osercising its rights ulster this paragraph 16. Lender" rat be reyuireed 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 any time there is a breach. Any application of rent% shall mot 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 diets secured by the Security Instrument is paid in full. _ - �- L t.