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f. Grooaia for Aee"llos of Debt.
<br />90° 106420
<br />(a) DrfaaM. Leiria' may. exoept as limited by regulations issued by the Secretary in the case of payment defaults, require
<br />Immediate payment to full of all sums stcured by this Security Instrument if:
<br />1) dxe ailing to pay In hilla�ny monthly paymotlt required by this Security Instrument pilot to or on
<br />the ue der et of the ne
<br />(ii) bostower defaults by falling, for a period of thirty days, to perform any other obngatiom contained in this Security
<br />Instrument.
<br />M Sale Wf tbstsl CCWk Approval. Lender "I if pe mkw by applicable law and with the prior appmval of the Secretary- requite
<br />immediate paymmt to tiro of all the surus segued by this Security Instrument if-
<br />(i) All or part of the Property is otherwise tmm*ned (other than by devise or descent) by the Borrower. and
<br />(6) 1U Property is act occupied by the purdrasa or gruwoe as his or her wry or secondary residence, or oft ft purchaser Of
<br />giuMee dace so aavpy rho Propapr but hb of leer raediR Gati rat bout sppsavea m aaaoiduwo wills thn
<br />(e) No Walter. If circumstances occur brat would permit Lender to require immediate payment in full, but Lender does not
<br />require such payments, Leader does not waive its rights with respect to subsequent events.
<br />(d} ItagsYtioau of HUD Smvh rr. Ice m:n, circ,tms== rerXations issued by the ` ry wit! limit Lender's rights, in
<br />QW a e of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does
<br />T,V: atrihorize accekratten or foteclosuue if not permitted by regulations of the Secretary.
<br />A. RaRW akraeab Borrower has a ti& to be reinstated If Lendr i has required immediate pa5tment in fun because of
<br />Borewces faihre to tray ran amount due under the Note or this Security Instrument• 'Globs rigfttt raWEes even after foreclosure
<br />proceedings are instituted. To reinstate the Security Instrument, Borrower shall teas*. im a lnzxp• sum all amounts required to
<br />bring Borrower's account current including, to the extent they are obUptions of,• grower rrazdcr this Security Instrument,
<br />foreclosure costs and re" rrabie and customary attomey's fees and expenses pr+atxrty o ociated with the foreclosure
<br />Proceeding. Upon reiastetet»A lox i33orrower, this Security Instrument and the obligations that ,n7res shall remain in effect as
<br />if Lender had not required imr:diaite payment in full. However, Lender is not requirsd to permit rerrstatement if: (i) Londe has
<br />apted the
<br />retastatettteett aL�er CRc cama7trncement of fomlosure proceedings within two Years immediately preceding the
<br />cce
<br />cc
<br />afore, orace� taetm�lrwinrtadvetsely sff�p iority of the nea creates b7� this 5ecudty Iastrumeatpt grounds in
<br />11. Qatnsr"Itr Not Rdm d; Forbearance By Leader Not a Waiter. Extension of the time of payment or modification of
<br />amortizaovm of the sunn secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not
<br />operate to re)aw the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to
<br />commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br />of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br />successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br />exercise of any right or remedy.
<br />12. Suotessors gad Rtes Bored; Joint std SMnd 11"IN Co•Sigoers. The covenants and agreements of this Security
<br />Insuument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of paragraph 9.1b.
<br />Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does
<br />not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's Interest In
<br />the Property under the terms of this Security instrument; (b) is not personally obligated to pay the sums secured by this Security
<br />Instrument; and (c) agrees that Lender and any other Borrower may agree to extend. modify. forbear or make any
<br />accommodations with regard to the term of this Security Instrument or the Note without that Borrower's consent.
<br />13. Notices. Any notice to Borrower provided for In this Security Instrument shall be given by delivering it or by mailing it by
<br />first class mail uudess applicable law requires use of another method. The notice shall be directed to the Property Address or any
<br />other address Borrower designates by nonce to Lender. Any notice to Lender shall be given by first class mail to Lender's address
<br />stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall
<br />be deemed to have been given to Bonower or Lender when given as provided in this paragraph.
<br />14. Goverafsg law; Seserablilly. This Security Instrument shall be governed by Federal law and the law of the jurisdiction In
<br />which the Property is lo;aaed. In the event that any provision or clause of this Seamny Instrument or the Note conflicts with ap-
<br />plicable law, such conflica shall not affect other provisions of this Security Instrument or the Note which can be given effect
<br />without the conflicting pzoveston. To this end the provisions of this Security Instrument and the Note are declared to be
<br />severable.
<br />15. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument.
<br />if. Aes ptaat of Real& Borrower unconditionally assigns and transfers to Leader all the rents and revenues of the Property.
<br />Borrower authorizes Lender or Lender's agents to collect the rents and revenues and Hereby directs each tenant of the Property
<br />to pay the rents to Lender or Lender's agents. However, prior to Lender's notice.to Harrower of Borrower's breach of any cove-
<br />nant or agreement in the Security Instrument, Borrower shall collect and receive a2 rents and revenues of the Property as trustee
<br />for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for
<br />additional security only.
<br />If leader gives not'im mf breach to Borrower: (a) an rents received by Borrower, it be held lox: l3ntrower as tntstee for benefit
<br />of Lender only, to be applied to the sums sowed by the Security instrument; (b) Lee er dtaIl be Whtied to collect and receive all
<br />of the rents of the Property; and (c) each tenant of the Property shall pay all rerl:s, due and trap-awl, In Lender or Lender's agent
<br />on Lenda ..'s vritten demand to the tenant.
<br />Rormwc-r. has not executed any prior assignment of the rents and bas not and wid not peK--a . any act that would prevent
<br />Lender from exercising its rights under this paragraph I6.
<br />Lender shall not be wjuired to enter upon. take control of or maintain the Proptzmr before or after giving notice of breach to
<br />Borrower. However. Leader or a judicially appointed receiver may do so at any time there is a breach. Any application of rents
<br />shall not sue or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property
<br />shall terminate when the debt secured by the Security Instrument is paid in full.
<br />Page 3 of 4
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<br />f. Grooaia for Aee"llos of Debt.
<br />90° 106420
<br />(a) DrfaaM. Leiria' may. exoept as limited by regulations issued by the Secretary in the case of payment defaults, require
<br />Immediate payment to full of all sums stcured by this Security Instrument if:
<br />1) dxe ailing to pay In hilla�ny monthly paymotlt required by this Security Instrument pilot to or on
<br />the ue der et of the ne
<br />(ii) bostower defaults by falling, for a period of thirty days, to perform any other obngatiom contained in this Security
<br />Instrument.
<br />M Sale Wf tbstsl CCWk Approval. Lender "I if pe mkw by applicable law and with the prior appmval of the Secretary- requite
<br />immediate paymmt to tiro of all the surus segued by this Security Instrument if-
<br />(i) All or part of the Property is otherwise tmm*ned (other than by devise or descent) by the Borrower. and
<br />(6) 1U Property is act occupied by the purdrasa or gruwoe as his or her wry or secondary residence, or oft ft purchaser Of
<br />giuMee dace so aavpy rho Propapr but hb of leer raediR Gati rat bout sppsavea m aaaoiduwo wills thn
<br />(e) No Walter. If circumstances occur brat would permit Lender to require immediate payment in full, but Lender does not
<br />require such payments, Leader does not waive its rights with respect to subsequent events.
<br />(d} ItagsYtioau of HUD Smvh rr. Ice m:n, circ,tms== rerXations issued by the ` ry wit! limit Lender's rights, in
<br />QW a e of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does
<br />T,V: atrihorize accekratten or foteclosuue if not permitted by regulations of the Secretary.
<br />A. RaRW akraeab Borrower has a ti& to be reinstated If Lendr i has required immediate pa5tment in fun because of
<br />Borewces faihre to tray ran amount due under the Note or this Security Instrument• 'Globs rigfttt raWEes even after foreclosure
<br />proceedings are instituted. To reinstate the Security Instrument, Borrower shall teas*. im a lnzxp• sum all amounts required to
<br />bring Borrower's account current including, to the extent they are obUptions of,• grower rrazdcr this Security Instrument,
<br />foreclosure costs and re" rrabie and customary attomey's fees and expenses pr+atxrty o ociated with the foreclosure
<br />Proceeding. Upon reiastetet»A lox i33orrower, this Security Instrument and the obligations that ,n7res shall remain in effect as
<br />if Lender had not required imr:diaite payment in full. However, Lender is not requirsd to permit rerrstatement if: (i) Londe has
<br />apted the
<br />retastatettteett aL�er CRc cama7trncement of fomlosure proceedings within two Years immediately preceding the
<br />cce
<br />cc
<br />afore, orace� taetm�lrwinrtadvetsely sff�p iority of the nea creates b7� this 5ecudty Iastrumeatpt grounds in
<br />11. Qatnsr"Itr Not Rdm d; Forbearance By Leader Not a Waiter. Extension of the time of payment or modification of
<br />amortizaovm of the sunn secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not
<br />operate to re)aw the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to
<br />commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization
<br />of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's
<br />successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the
<br />exercise of any right or remedy.
<br />12. Suotessors gad Rtes Bored; Joint std SMnd 11"IN Co•Sigoers. The covenants and agreements of this Security
<br />Insuument shall bind and benefit the successors and assigns of Lender and Borrower. subject to the provisions of paragraph 9.1b.
<br />Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does
<br />not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's Interest In
<br />the Property under the terms of this Security instrument; (b) is not personally obligated to pay the sums secured by this Security
<br />Instrument; and (c) agrees that Lender and any other Borrower may agree to extend. modify. forbear or make any
<br />accommodations with regard to the term of this Security Instrument or the Note without that Borrower's consent.
<br />13. Notices. Any notice to Borrower provided for In this Security Instrument shall be given by delivering it or by mailing it by
<br />first class mail uudess applicable law requires use of another method. The notice shall be directed to the Property Address or any
<br />other address Borrower designates by nonce to Lender. Any notice to Lender shall be given by first class mail to Lender's address
<br />stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall
<br />be deemed to have been given to Bonower or Lender when given as provided in this paragraph.
<br />14. Goverafsg law; Seserablilly. This Security Instrument shall be governed by Federal law and the law of the jurisdiction In
<br />which the Property is lo;aaed. In the event that any provision or clause of this Seamny Instrument or the Note conflicts with ap-
<br />plicable law, such conflica shall not affect other provisions of this Security Instrument or the Note which can be given effect
<br />without the conflicting pzoveston. To this end the provisions of this Security Instrument and the Note are declared to be
<br />severable.
<br />15. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument.
<br />if. Aes ptaat of Real& Borrower unconditionally assigns and transfers to Leader all the rents and revenues of the Property.
<br />Borrower authorizes Lender or Lender's agents to collect the rents and revenues and Hereby directs each tenant of the Property
<br />to pay the rents to Lender or Lender's agents. However, prior to Lender's notice.to Harrower of Borrower's breach of any cove-
<br />nant or agreement in the Security Instrument, Borrower shall collect and receive a2 rents and revenues of the Property as trustee
<br />for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for
<br />additional security only.
<br />If leader gives not'im mf breach to Borrower: (a) an rents received by Borrower, it be held lox: l3ntrower as tntstee for benefit
<br />of Lender only, to be applied to the sums sowed by the Security instrument; (b) Lee er dtaIl be Whtied to collect and receive all
<br />of the rents of the Property; and (c) each tenant of the Property shall pay all rerl:s, due and trap-awl, In Lender or Lender's agent
<br />on Lenda ..'s vritten demand to the tenant.
<br />Rormwc-r. has not executed any prior assignment of the rents and bas not and wid not peK--a . any act that would prevent
<br />Lender from exercising its rights under this paragraph I6.
<br />Lender shall not be wjuired to enter upon. take control of or maintain the Proptzmr before or after giving notice of breach to
<br />Borrower. However. Leader or a judicially appointed receiver may do so at any time there is a breach. Any application of rents
<br />shall not sue or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property
<br />shall terminate when the debt secured by the Security Instrument is paid in full.
<br />Page 3 of 4
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