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1 )l J , 1 �7�jr'Sx`J +t ^�`�4)i��± ii ��'It L j� xln4rr)) !. Catwoos for AccaMradoa of Daft. (ta) Dstu&. Lender may. except as limited by regulations issued by the Secretary Ie the case of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrovi'er defaults by failing to pay in Full any monthly paymen required by this Security instrument prior to or on the duo date of the next monthly payment. Of (ii) Bottower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale witbod Credit Approval. Lender shall, if pe MrW by applic" law and with the price• approval of the Secretary, require immodiasn payment is M of all the sums sawed by this Security Instrument if: (i) All or put of the Property' its otherwise transferred (other than by devise or descent) by rho Dottawer, and (U) The Property is rut occupied by time purchLw or Watae as his or her in as�oosdaux�wuh a rogairane a the s�crraaryor grantee don so owipy the Property but his or her credit has not boom apptm (e) No Water. If circumstances occur that would permit Lender to require Immediate payment in full, but Lender does not require such payments. Lender does not waive its rights vdth =met to subsequent events. (d) Regatatioaa of BUD Semtary. Its many circumstances regulations Issued by the Secretary will limit Lender's rights. in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. W. Reintskimmi. 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 Instrument. This right Wiles even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrowers account current including, to the extent they are obligUlons .d $oTrower tinder this Security Instrument, foreclosure costs and reasonable and custontar$ ;nr�nrrcy's $ees a� e?at+�: rx , rerly $sv,: ^97ed with the foreclosure proeeaPing.ltDpoa reileatatextent by a r.T'aer,'tti� s '�a^�i:14 U�ecs1: atTM cL+n. ytiit a.aa -scwm �s shall remain in effect as if Lender Imr1 not Te t6ked. immedaor ipaF. : err: L'uB.14". *Mem' 1Lerm`41t$r iLS nfN FZZU pee 3: + „ nr extent if: (i) Lender has acceptesi: reatrsrn TW=1; agree the 000- nen=nrp of 7oJtbsu'r ;,-na p '4aialtiIa two ym-, lin'Mr4alely preceding she ,0111mencement of ar ==t foreclza= qrcccCCCS• 16D 1TPV,;r=WM2U "a. txedbi= Sweclosum are fafle=f FrnM -Zb in the future, or (lir) re(n W c=. rt wM advem.;y aMnl ifhr gnoc CF Q f zht lies crsstc bk i1!as Security Instrument' U. Borrower Not Mdessed. Forbearance S7 Lender Net a Wstivar. E- AsensiCl 0.- the time of payment w- ,:ranit7=- ,,4U0n of amorOE39on of the sums secured by this Security In rC antew by Lender to acv successor in interest of -lot operate to release the liability of tl^2 original Bot'rown or B:vsavver's successor hz interest. Leader shall no. rye ceuruzei W commence proceedings against any successor in i>v,erast ac refuse to vmnd time f a: T. eyment or eiihmm-ise cmuditff a .wvrtir�tirvyz of the sums secured tbl rj.-�s Secarar3 instsumerz i+v season of any demand r- M ry the orisLia1 Borawrr or I�aRravvee' successors in interest. Arq forbeaes2mce by Leary im exercising any right or rem*,5! -start neat be a waiver e as psmxivde cite exercise of any right rte mmady. v- suJmmtmm and Assigas Boated; Wall cad Sev M Liability; Co- Signers. The covenants and W eements of this Security Instrun:tent shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 4.b. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signing this Security instrument only to mortgage, grant and convey that Borrower's Interest in the Property under the terms of this Security instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodation Ith regard to the term of this Security Instrument or the Note without that Borrower's consent. 13. Notim. Any notice to Borrower provided for in this Security Instrument shall 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 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 Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing law; Severability. 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- plicablc law. such rzfliat shall not affect other grmvislons of this Security lnstnunent or the Note which can be given effect without the confliaEng provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 1$. awmwees Cap'. Borrower shall be given one conformed copy of this Security instrument. 16. Asrdgameat og Mants. Borrower unconditionally assigns and transfers to Leader all the rents and revenues of the Property. Borrower authoriam Linder or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lerr:er or Lender's agents. However. prior to Lender's notice to Borrower of Borrower's breach of any cove- nant or agreement in the Security Instrument. Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lander gives nonce: of breach to Borrower: (ay ail rents received by Borrower agar be held by Borrower as cr„.',e for benefit of Lender only, to fine applied to the sums secured bT ft Security Instrrrntent; (b I shall be entitled to cotiect arse receive all of the rents of the Property; and (c) each tenant of t.b- Property shall pay all rents wiv and unpaid to Lender or L=der's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents mad ryas not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 16. Lender shall not be required 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 rents shall not cure or waive any default or invalidate any other right or remedy of Lemb ---r. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. - Page 3 of 4