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�XhrPil1 "rfY`tdl t' {71Ft. Paea t of 4 f. Grates► for Aecalertt" of DON. (a) Daloalt. Lender stray, except u limited by regulations issued by the Secretary in the case of payment defaults, rewire linmediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in fall any monthly paymefft required by this Security Instrument prior to or on -- -- the due date of the next monthly Payment, or (ii) Borrower defaults by falling, for a period of thirty days, to perform any other obligations contained in this Security _ Instrument. (i) Sak %-M7•" Cr@ t Appawral, Lender shall, if permitted by applicable kw and with the prior approval of the Secretary. n!quita in fun tie arum acured by this Security Instrument if: - - -_ tease iiffnediM payaoetat of all (i) An or part of thts Property is otherwise transferred (other than by devix of descetal by the Borrower, tuud (ti) The Property is not occupied by the purchaxr or granite as his or her primaty Of seaottduy residence, err of � r her has act been approved in accoedanoc with the mquircments - grantee does so occupy the Pnaperty but his or credit that would permit Lender to require immediate payment in full, but Lender does not :� (e) No Walser, If circumstances occur require such payments. Lender does not waive Its rights with respect to subsequent events. Stsetegry. In circumstances regulatioru issued by the Secretary wig limit Lender's rights, in r q) a£ Li43 D many the case of payment defaulw, to mqulid imtitediate pagm:nt in girl! and fom -Rose if not paid. This Security Instrument does if by reputations of the Secretary. - M authorize acceleration or foreclosure not permitted �y I& Rdrtgataeeat. Borrower has a right to be reinstated if Lender has required immediate payment to fuII because of to an amount due undo the Note or this Security Instrument. This right applies even aster fomlosure .. Borrower's failure pay proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amowlM required to they are obligations of Borrower at dt Instrument- bring Borrower's account current including. to the extent with u foreclosure costs and reasonable and customary attoraey's fees and expenses properly the obligations that it seaa=s shall remain in effect as - — Ptoceediag. Upon reinstatement by Borrower, this Security Instrument and if Leader had not required immediate payment in M. However. Leader is not required to peradt r(SiMa =nett if: (I) Lender has of foreclosure proceedings within two ) ifJC1.9i�t7� ?receding the _ accepted reinstatement after the commencement of a current foreclosure proceeding. Gi? reinstatement will preclude foreclosure wit ��.und+ in the commencement future. or (Ili) reinstatement will adversely affect the ptir?ritY of else Gen created by this Security lc trumf t.. - -- IL Sommer Not Released; Foommat•ce By Leader Not a tRielwer. Extension of the time of payment �bdification of lty Lender to any successor in interest of 1)„- rrnwer shag not +- amortization of the sums secured by this Security Instrument graratrsd• operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not ire required to for or otherwise modje-v :amortization _ cotnnmentx proceedinES a6ainst any successor in interest or refuse to extend time payment of the sutras secured by this Security instrument by reason of any demand made by the original Borr*i(4z ,r Borrower's in any right or [meetly shall not be a waiver pli Wr preclude the , z�Y� . ,;..`r successors in interest. Any forbearance by Lender exercising t, .' e , exercise oaf any right or remedy. }g,. vsptipupty sari Asaigas Boaad; ]olat wad Several Liability; Co-Signers. The covenam, .^.ni- 4cements of this Stc-W+4w L,:ud.,: and Bot7owtr, subject t a Ttr° gsavutonS oQasaragmph ?Air. li .- __ - _ last ay.mL shall bind and benefit the successors and ass4As of agreements shall be joint ann2 ;;; veral• Any Borrower wb4 j co -signs tL Security J--qz w=nt but does BotTomizes covenants and not execum the Note: (a) Is co- signing this Secturitg Uc ert. oe,y to mortgage, grant and ccrnV.ey Shat fdy�reawrar's interest is the Propa:'ty under the terms of this Security Instrument; W •� «TM?,: personally oKi Saied to pay +.he warns secu=d Cry' wis See=n,* ' Instrumew. and (c) agrees that Lender and any other may agree to extend.. mo iiy, forbea.t el make, any: accommodations with regard to the term of this Security Ins:c ..err of the Note without that Bamsawer's coa=t- :.. 13. Notices. Any notice to Borrower provided for in this Secunty Instrument shall be given by delivering Is or 1-- mailing it by The notice shall be directed to the Propetity Address or any . fast class mail unless applicable law requires use of another method. other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail t-o L=der's address Borrower. Any notice provided for in this Security Instrument sw, stated herein or any address lender designates by notice to be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 11. G�verairg Last. SeverabBlty. This Security lets�on?eni shall be governed by Federal law and the law of erne jurisdictiois is rid &r clause of this Security instrument or the NOW uarLBicts with cep- which Chc: Property is orn -axed. In the event that aaF xr. of pncable raw, such t;�^�f?`a. ~ ~. shall not affect other �catis5m -s cf this Security Ins tzment or the Note which c>�ta l e given effect and the Note 5re dadared tea'Ve :• : r withotatt ripe ..o r dozi, q S= ovision.. Te this end the •piovisio ns of t. s Securty aastrument is. Mummer's sCiq". Borrower shag be given one confe . aced copy of rhos security lnstrurnaut. 16. Assignment m4 Mom. Borrower unconditionally assigns and transfers to ).and:," all the rents and revevr,n - if :he Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each temaat,y; t It Property i to pays hl:e rents to Lender or Leodax i-agents. However. prior to Lzzder's notice to Borrower of 3=0wer s bm .5 of any oaxe- in the Security 1:�1z:ment, Borrower shall colray:;3rtd receive all rents and reuessues of rite i��ya.-ty as trasrr�e rant ar agreement for the benefit of Leader and Borrower. This assignment of rents constitutes an absolute assigammit:d tm art assigtnmcvlt for_ additional security only. If lender gives notice of breach to Borrower: (m), ill rents received by Borrower shall be held bXe Gvirro- u trustee 4or'trtwat by Use Security Instrument; (b) Lender shall be e--i&ed r cgUe :. and rece61e a1 i ; of Lender only, to be applied to the sums securest of dw rents of the Property; and (c) each tenant orthe Property shag pay all rents due and unp;62 mi Leitder or Lender's t on L,©r,itK's written demand to the tenant. the rents and has not and will not pen for ra any act that would pfetertr Borrower has not executed any prior assignment of Lender from exercising its rights under this paragraph 16. Lender shall not 13e. required to enter upon, tai a control of or maintain the Property before or after givi4 nod= of breach to receiver may do so at any time there is a breach. Any alsplliallon of rents Borrower. However, L' ender or a judicially appoiwed shaA not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of tents of the Property shall terminate when the debt secured by the Security instrument is paid in full. Paea t of 4