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7 70 --10 rW 9. Gcgsv* fW Aceektation of DM, (a) D ~., LerAkf May. except as It by regulations issued by the Secretary in the case of V-00=1 defaults, requite immediate payment In full of all 9UMS secured by this security fr3trximcni if: (I) Borrower defauhs by f&WT4 to Pay in full any monthly pa)meAt requited by this Security instrument prior to or an the due date of the next monthly payment, or (H) Borrower defaults by failing, for & period Of thirty days. to perform any other obligations contained In this Security immumns. (b) sob %-►W Oreft AffirwrIL Lender shall. if permitted by applicable Uw sad with the prior approval of the Socretary, require Wz; M of an the sum secured by this Security I'MUMCM if: (I) Ali or part of the FfOptM is Otherwise tromftried (other than by devise or dwers) by the Do"Mcf, and Me pw" is va Occupied by the purchaser or gratift as Ku 09 W pnimmy or secondary mMence, or the purrhaw or pfopm but his or her craft has to been spPmerl in iwcordarn with the Tatluirtmerts od"Secrawy. V=lw does so o=W the (C) No Waiter. It circumstances occur that would permit Lender 10 require immediate payment in full, but Lender does not require such payments. Lender does not waive its rights with respect to subsequent events. (d) RqMkdm of HUD Setiretary. In many circumstances regulations issued by the Secretary will limit Lender's rights, in immediate in full and foreclose if not paid. This Security instrument does the case of payment defaults, to require payment if by regulations of the SccretW- not authorize acceleration or foreclosure not permitted admiscomeaL Borrower [IRS a tight to be reinstated if Lender has required immediate payment in felt bemuse Of WIM to an amount due under the Note or this Security taStrUMCD1. This right applies even after foreclosure Borrower's Pay proceedings are Instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to of Borrower under this Security lastfumeut- bring Borrower's account mn=t including. to the extent they are obligations foreclosure costs and reasonable and customary attorney's fees and expenses properly associated with the foreclosure Instrument ar,4 the obligations that it secures shall remain in effect as ling. Upon reinstatement by Borrower. this Security PTocca , Lender is not required to permit rela"ement it: (i) Lender has If Leader had not required immediate payment In full. However, receding the the commencement of foreclosure PTOCeedlw within two year's kum4edUtClY 1P accepted reinstatement after commencement of a curmvp foreclosure proceeding, (K) reinstatement t will preckde fineclosure on different grounds In the A= future, or (III) reinstatement will adversely affect the priority of the lien created by lj;js security Instrument. IL mormhm Not Rdr . awd; FOR10MMS By Leader Not 2 Walser• Extension of the time of payment of modification of by Leader to any successor in interest of Borrower shall not amolozMina Of the sums secured by tbis!kxudty Instrument granted er Borrower's successor in interest. Lender shall not be required to Borr (O! wlxaw the liability of the oritual Borrow of Ow PU operates mmmm= proceedings against any successo r in interest or refuse to extend time for payment or otherwise modify amortization tjv s= secured by this Security Instrument by reason of any demand made by the original Borrower at GOTTOINCT S .z,T of or preclude the sv=essops In interest. Any forbearance by Lender In exercising any right or remedy shall not be a waiver w—�e,ofi any right or remedy. IL Supwan aM Asku Bound; .Ilalst and Several Liability; Ca-S(Vers. The covenants and agreements of this Security of Lender enji, Borrower, subject to the PWI, funs of paragraph 9.b. Instrutriew; dW bind and benefit the successors and assigns Borrower's covenants wA.,Weements shall be joint and several. Any Rmower who co-signs this Security lustniment but does Interest in not execute the Note: em) is mAgning this Security Instrument on y to mortgage, grTz.t and convey that Borrower's his Security the Property under the p=ns;afthis Security Instrument; (b*, is not personally 01' 09MnitJ2 Pay the sums secured by u Instrument; and (c) ate, qbat. Leiider and any other Borrower may agpie i�� emcnd, modify. forbear or make any accommodations with tOW4 to Me re= Of this Security Inst"!"Itni it • i—VI; -;i�vhmt that consent. 13.1,41* bees. Any notice to Borrower provided for in this Security Ca.q:ri== sW in given by delivering it or by mailing it by first . class mail unless appUcable law requires use of awther method. Um. nmice -fte tae directed to the Property AA!ress or any Lender. Any notice to Len&r s!,&l. bmwen by first class mail to Lemdl�n's address other address Borrower designates by notice to stated hw!k2 or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deers i In have been given to Barreamer or Lender when given ms rn-t-,Nnded in this paragraph. U. Governing Law-, Severalifilly. nk Security Instrument shall be Wn=ed by Federal law and the law of the jurisdiction in In that any or clause of this security instrument or the Note conflicts with ap- which the Property Is locamd. the event provision - 4" a not affect other provisiort. of this Security lnsu=gm or the Note which can be given effect plicable law, such confW. , n without the conflicts ;n3%tsi=..TiY this end the provisions of this Security fiastruntent and the Note are de:Lired to be severable. 15. Beam.wees CoViAerrower srmff be given one conformed copy of this Security. lnstnun=z. 16. AmUnisms of Wm ft Borrower unconditionally assigns and transfers to Lender all the rents and revenues of time Property. Bovirizer az-Aor!z� Lcmiw or Lender's agents to callma the rents and revenues and hereby directs each tenalit c! Ohm. property to pay ifte rt.mcs to Leinde or Lender's agents. However. prior to Lender's notice to Borrower of Borrower's br�tLL 0 any cove- nant the oragm=ent in the Security lns1nm=t, Borrower shall collect ,=4 receive a rents and rcvcnt=ef he 1pqm as trustee assignment foc for the 17caa M- of Lender and Bonoiwer- Fibs assignment of Tents ozaw:�rutes an absolute assisrunew-'amd not an assi t addition -A security only. If Lender gives not i� of breach to Borrower: (a) all rents received by Borrower shall be held by Ramwucr as in issue for benefit of Lender only, to be Wilal to the sums secured by tbg Security Instrument; (b) Lender shall be eardkd to colra= mil receive all (clench tenant of the Property shall pay all rents due and unpadd(n. rLeti4crQt; LWder's agent of the rents of the ltnipark-,,and on Lender's writt= demw.d to the uallnu. Borrower him act am�uted any prior assignment of the rents and has not and will not perform my asst than would prevent Lendei, Own ermd�ing, its rights under this paragraph If. Lender shall not -1 %-requircd to enter upon, take control of ar)miintain the Property before or after mv-DIAnnilm of breach to Borrower. However. fender or a judicially appointed receiver may do so at any time there is a breacICAAimpkadon 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. P00 3 Of 4