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_ --��v� —ter.- � ■ !. Gtomb 1w AeteM MOM at filalt, X10 E 3 0 95 (a) Datralt. Leat)a my. ex" tees limita d by mpladow issued by the Secretary in the c t defaults. require Immedlatt paymmt in toll of all suns setkvd by thin Sei:urtty Imstrumrttt at: (i) Borrow" defauiu by failing to pay is full any monthly psymdt requited by this 9rar►isyiastrutn+:nt prior to or on tM dus daft of tlw next monthly paytnenl. or (ii) Borrows- defaults br failing, for a period of thirty days, to perform any other obliptions contained in this Security Imatrurasat. (11) Ones Wh firsts ANrsrd. I OWL it jiaurii`s�i .yt l.':..� � - r' ^".= '� p .� i'�^`� s+f Serf?". M uiee knonjim VWMWM iA iM: OF as the sofas tt =W by this Sew* Instrument uf: (i) AD or pct of tlta hapesty, is otherwise ttawdermd (odw thsa by devise at descent) by the Borrower. and ( MW h,,rmq is Ott omvpisb by the pudwa or dtsaft as his or bet F nasty or secondary residerim. or the pumbaser or -sate- des so oonipy the ihoperpr but his or bs crodi hsa rid bees spQroved in aoocrdanoe wiaD the tngtdt>meab of the Setaeury. (e) No Walsh. If eitcumstances oeeur that would permit Lender to require immediate payment in full, but Lender does not require etch payments, Leader does not waive its rights with respect to subsequent events. (d) map W UM Ste @Wj. In Marty dreutastoam reploaions issued by the SwMNY will limit Lettdtr's righ% in the case of payment defaults. to require immediate payment In full end foreclose if not paid. This Security Instrument does not antbariao acceleration or foreclosure if not permitted by regulations of the Secretary. Ill. flfsisalatasnaL Borrows has a right to be reinstated if Leader has required immediate payment In full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This fight applies even after foreclosure proceedings are lasdtuted. To reinstate the Security inArUM 4 Borrower "tender in a lump sum all amounts required to being Bormwer's account current including. to the extent dace: are obligations of Borrower under this 'Security Instrument. foe- kM= costs gad reasonable and customary attorney's fits and expenses properly assodated with the foreclosure ------ding. upon reinstatement by Borrower. this Security Iasuurtletrl :sad the obligations that it secures shall remain in effect m U Lender had not required immediate payment in full. However. Leader is not required to permit reinstatement if: (i) Leader has accepted rdmtatGmatt after the commencement of foreclosure proceeding within two years immediately preceding the oomtn or (Writ of will adversely the, (priorirt� f the lien created by this Security Instrument. different grounds is the fUWM IL Rersawar NN pAkm i; Forhesraaa By tmWw Not a Waits. Extension of the bore of payment or modifsation of amortization of the sums secured by this Security Instrument granted by Lender to any successor, its interest of Borrower shall not operate to release the liability of the orisind Borrower or Borrower's successor in interest. Leader shall mat be required to commence proceedings against any successor in Wwost or refuse to extend time for payment or otherwise modify amortization of the stems secured by this Security Imsuumemr, tsy reason of any demand made by the original Borrower or Borrower's stsooesaors in interest. Any forbearance by Lender in exacisirtg any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. IL SaPro— aM Antos Masai; rout and Seward Liahiifty; Co-signers. Tit¢ covenants and agreements of this Security Instrument shall bind Brad benefit the successors and assigns of Lender and Borower, subject to the provisbm of paragraph %b. Borrowrees coveaaaw wzd agreements shall be joint and several. Any Botrowe4 wbn co-signs this Security Instrument but does not execute the NoEt= (a) is co•signinj this Security Instrument on.v to mortgage, grant and convey that Borrower's interest in the property under the terms of this Security Instrument; (b) is scot personally obligated to pay the sums secured by this Security Inmument; and (c) agrees titan Lender and any other Borrower may agree to extend, modify. forbear or make any accommodations with regard to the term of this Security Ipc!, _.,:ent or the Note without that Borrower's consent. M Natim Any notice to Borrower provided far iii~ this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use at, dtnrther method. The notice shall be directed to the Property Address of auy 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 Leader designates by notice to Bon-aw :. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when g, cell :is provided in this paragrapb- lU. Governing Law; Sovembility. This Security Dasfrument shall be governed by. Fadual lave and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Saannity, Lastr =t or the Note conflicts with aP- pliable law, such conflict shall not. affect other provision% of this Security lasixtun, sat ce Mi. Note which can be given effect without the conflicting yto�vitiart.. To. ibis end the provisions of this SecurirY Lt lieu and, the Note are declared to be severable. Is. sorrotrer's 60r:. Borrower, shag be givers ome confc..ned copy of this Security Instrument. 16, Aadpsaest drJiAWL Borrower unconcUb ally assigns and transfers to Lender all the rents and revenues of the Property. Benniwer authorizes Lender or Leader's agents to %=1ka the rears and revenues and hereby directs each tenant of the Property to ray iite rents to Lender or Lender' 9 agents. However, prior• ta. L m den's notice to Borrower of Borrower's breach of any cmve- namt or agreement in the Security Em!§x=ent, Borrower shall ooU :j., :end receive all rents and revenues of the Property as truata: for the benefit of Leader and Borrower. This assignment of rchb wnstitutes an absolute assignment and not an assignment for additional security. onAl. If Lender gives acti z of breach to Borrower: (a) all rents received by Borrovrer.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 Leader or Lender's agent on Lender's written demand to the tenant. Borrower has rtdV=ecuted any prior assignment of the rents and has not stuff will not perform any act that would prevent Lender from exemisins its rights under this paragraph 16. Leader shall not be required to enter upon, take control of or maintain tltc. Property before or after giving notice of breach to Rarnmer. However, Lender or a judicially appointed receiver may* do•so: rt: ntsg lint there is a breach. Any application of rafts rbali nati'cure or waive arty default: ar inv alidate any other righL or. rrm=iy- o` render. This assignment of rents of the PropWy shtrlMe minate when the debt sa=re f by the Security Instnrmhtt Wr3jd irl UL Past 3 oft