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<br />.106136
<br />till
<br />Any of- -`the prti�txeds to the pdrut�ipttl•shall not Pxucud or postpone the due date o monthly paymems.. which
<br />are erred tofu Paragraph 2. or chtunge the amount of such .payments. Any' excess proceeds over an amount required to
<br />} pay aril outstanding indebtedness under the Note and this Security - Instrument shall be pant to the entity legally etuitled thereto..
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<br />9 :>k *W& Lander ti lky': ;inset fees and charges authorized by the Secret..
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<br />Gr1406 tar Ad, of Dew.
<br />Woo". Leader may. except u limited by regulations issued by the Secretary in the case of payment defaults, require
<br />lmatft"e- payatept fit ful of all stuns secured by this Security Instrument if:
<br />(ii Bonowesr defaults by failing to pay infull any rata nthly payment required by this Se udir.instrument prior to
<br />or ON the doe date of the next monthly payment, or,
<br />(u) Borr~ defaults by failing, for a period of thirty days, to' pet for*, any shier obligations contained in this
<br />Security Instrument.
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<br />(b) %k wlftM -C*& ft"n1.- Larder shall, if permitted by applicable taw and with. tare• prier.approvvst of the
<br />i '- Secretary, require unmet" Vtt ment is frill of all the sums secured by chi$ Security Instrument Mi. -
<br />of the
<br />(7 All or part P ie r :i ptbowiw. transferred (other than by devise or descent' by the Borrower,
<br />r
<br />-and
<br />tar ix r`}3•�tk11� , _ .. }(1 `' „` f ,
<br />SSSSA.1111,
<br />" "3bprn i i Cri) TttK Property is; not o sled •bp 69 +tarchases or grantee as hjs or her primary or se> residence, or the '
<br />",�,'Jr •
<br />::rY, f;� =; p or'Osutee dotsAso.occupy tl Ptopecty but his or ha crsdit has rrcG •approved n accordance with
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<br />the•rtquit+etrteigs of the Secretary. ;:x:::.,. "r r:•
<br />' (e) No Walter: Ird, re'umstances occur that would permit Lender to require inioiodaafe ,� t in full but Le
<br />don not require t payments, Lender does not waive its rights with respect to su events.
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<br />(d) iltsg dsibes K llC OSeeretary. In many circumstances regulations issued by the Secrei�*' —v i11 limit Lender's rig&iVi " ".,
<br />in theeaseof payment *faults to require immediate payment in full and foreclose if not paid. This Security lastrumettg:'1!
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<br />s dom not authorize
<br />aeration or foredosurc if not permitted by regulations of the Secretary. - -
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<br />lt. Rsiastsls(ttsat. Bogower has a fight tot , ginstated if Lender has required immediate payment in full because
<br />Borrower's failure to play an amount due under riteftte or this Security Instrument. This right appals even after foreclosstr+e"
<br />yfrooeediap are instituted. To reinst�Att the Sccii instrument. n all amounts required
<br />I ( Borrower shall tender i a tum(x�tiri eq
<br />; ` {. ,','
<br />£ to btriag Borrower's account cutrettt first htditt;t 4i 40( xtent they are obliSniods of So.d err uadet this Seetuit :Yirstrutttent.
<br />• ,'_
<br />I Lr� S : F., r
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<br />fa - rk - - - costa and reasonable anO, ' feesaffil'•atpenses ptoper'r d}itdwith the foroctosarat Gooding.
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<br />Upon reinstatement by Borrower. tl!iis.5efgeaq� jv +tt t i teen anti lhieobligations t s' a it �Ifiall remain in effect'tts if
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<br />not required irnntediate payment in # lw ;ilia Undcr is not re�tua�q� t/{ ��r�}�( }y�fuisratement if: t Lender
<br />ly• et, Y'•P„",. ,..'i; /_ (•1Y'�•T
<br />f
<br />r.: reimtataAeat after the commencement of i'. Wue .Orocecdings within tvccs yt"irs i ately preceding the commencetioe
<br />current foreclosure
<br />�;;.
<br />• , of a procetdirt*. (if:ltrat1t will preclude foreclosure,oneient grounds in the future. or (iffy):
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<br />reinstatement will adversely affect the`&lr t4.of the lien created by this Security Ir 1'tiirrrsertt.
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<br />11. Saloom NN Rdemsi; Ferieaeauee i>f);. #Pdtr Not a Wititrer. Extension offt time of payment or modification
<br />9(.Aii tta:ation of tiie sums secured by this Securil - Instrument granted by Leader to any successor in interest of Borrower
<br />shall' not operate to release the liability of the originkSorrower or Borrower's successor in interest. Lender shall not be required
<br />to ootmttettoe proceedings against any successor in itterest or refuse to extend time for payment or otherwise modify.amortization
<br />of the sums secured by this Security Inscti acrit by rcason of any 4 emand made by the oriftrttp-.lorrower or Borrnv.Oftimccessors
<br />in interest. Any forbearance by: Lend�.ia,�exercisin an ri * remedy shall not be ti it,(mer of or preclude flit exercise of
<br />Y gam` Y
<br />any right or remedy. ;,,; : r: • ,;
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<br />12. Sueosssse ant a " "10; Jiid aced Several Llawty; ca t `;
<br />Atop• � Sleets The+:ay`x�ratits acrd agreements of this Serumy
<br />;rJ;I
<br />linttvrom shall bind and b6w it t*vAc cessors and assigns of Lender and Bttrrowelrr;ttiiiJ�~d to the provisions of paragraph
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<br />9.b. Borrowers covenants and agr+ *Ots shall be joint and several. Any BortoKeoau04' ce -signs this Security lnsttumertt
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<br />bw dos not,exetute the Note: (U is tlet�i Borrower's
<br />imi» this Security Instrument only to mot "" •"
<br />interest in the Pr hher � Y Y t Brant and convey that
<br />Property under t terms of this Security Instrument; is
<br />1�;1:.. •( �.�
<br />(b) not persot(aily obligated to y the sums secured
<br />by this Security instrument; and (c) iWees that Uiider and any other Borrower may agree to extend. modify. forbear or rAe
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<br />any accommodations with regard to the term of this Security Instrument or the Nor that Borrower's consent.
<br />► ds
<br />,thout
<br />'' 13. Nedess. Any notice to Bortaiw r provided For in this Security Instrument shaft` die given by delivering it or by mailing
<br />it by CtrN class tttail unkst,�gqplacable law requires use of another method, tdotice shat! be directed to the Property Address
<br />oranyr other address Borro,4t:Odesignates by notice ta•_Lender. Any ttoticc Ga' larder shall be given by first cltlss mail to Lender's
<br />adtiras stated herein or atry;,tddtess Lender destptat.0by notice to Borrower. Any notice provided for in this Security Instrument
<br />Fitt
<br />r $W- be deeot , ;''to have given to Borrower of Lender, wheq given as provided 1 1hO paragraph.
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<br />C044se Isw;' evets>rlity. This Security l (runmu shall be governed by Fe�dar�l titw'autd the law of the jurisdiction
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<br />the Property is located. in the event thafittfy provision or clause of this Secittfty instrument or the Note conflicts
<br />tiirli .alpplicable law. such conflict shill not affect d(h 4 provisions of this Security Inxtttititent or the Note which can be given
<br />eltcct tNghout the contiicting provision. To this crnl` the provisions of this Security (tatijtament and the Note are declared to
<br />,S .�
<br />br severable. 1:
<br />IS. MtrswWo tfy. Borrower sliall be given one conformed copy of this Security Instrument.
<br />fd. Aatlgtsasssl atlraab. BortowFr unconditionally assigns and transfers -to Lender all the rents and revenues of the Property..
<br />r Bo r wren a4horites ![.slider or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property
<br />" to psy the rents to LerAn or Gndt:r's4*nts. However. prior to Lender's notice, to Borrower of Borrower's•brca�;h of any
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<br />„ .{ • cOgnant or agteetttettt in the Security Ittstfu t. Borrower shall collect and receive all rents and revenues of the Property
<br />as Irma for the benefit of Lender andl v►'0, This assijnnreni of rents constitutes an absolute assigrnment and not an
<br />i � foe additaottal secttrritlr only
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<br />!f Lewkr egrver notice of breach to llottower: (a) all rents receive! by Borrower shall Ile held by Borrower as trustee for
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<br />s benefit of Lender only. to bt appkd to the sums secured by the Security Instrument; (bbl ft! dtrr shall be entitled to collect
<br />and receive all of the teals of the Ptoperty; and (c) each tenant of the. Property shall puffy all rents due and unpaid to Lender
<br />Of Undet's dged.ors Lender's written demand to the tenant.
<br />sorra war has not emoted any ifkw assignment of the tents and has not and will not perform any act that would prevent
<br />Imider (rota exercisiss its rights under this paragaph 16.
<br />' Lem&t shalt trot be requitedto_enter up _*m. taut c'4ntrol of or t�r.•tinzaixt the l'rnperrs; t fr,Fe car aFcex gr4 n? n�ati�ti c►$ i?rcacla
<br />to itotrowtr. Hov►crer. Lender car it Jud0kraltyF anvinted recci►er may do so at any rrn'ne there r: a Lh�exr;ir. Vfv application
<br />01 Itnt'+l ". 1 not cure or waive any default or inval'nd'are my: either right fit rem,:dy of vender QPa c d:i:itCiTlt�tS?` E7t` tens• nt
<br />the Ptoperty %hall terminate when the debt secured by Ox Sccurttu tn•:ttaii"enni iv
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<br />fait, i.il
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