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gf fs .ii ,.(•� v t -�! —77�. r' y (we Aepikesdaa of DIM !9;g1X1 10 6 5 51 (a) iDofaaM. Lender may. exact a limited by regtations Issued by tho S.t, i( cry in the Gale delau!ra. Mquire Itnmedlaea payment Ire fail of all sums secured by this Security Instrument (i) Borrower deftwlts by failing to pay in full any monthly paymedt required by this Security ldisl ua=t prior to or on the due date of the next monthly paymes,t, or (a) Borrower defaults by falling, for a period of thirty dAM to perform any other obligations contained in this Security Instnumt. (b) Sass W1lbW great Appsaral. Lender shell. if pttrm' - I by spg+lieabk Law sad with the prior approval of rho Socntuy. require ism matte paymM its full of all *A sums secured by this Security Iaeorvmeae If- (i) All or part of the Property is othetwbe Uladerred (other than by &4130 or descera) by the Borrower, and (grantee does so occupy the Rt�eM but bra credit has m been q*mv d ia�accord,om with des requiremaM d for (e) No WON". If circumunces occur that would permit Lender to require immediate payment in full, but Lender does not regWm such payments, Lender does not waive Its rights with respect to subsequent events. (d) Regalatinaa of BUD SocrOw. In many circumstances regulations issued by the Secretary will limit Lender's rights, in the case of payment defaults, to troquuv imawiWe pay�t In full and forcd= if not paid. This Security In"rumM does not authorize acceleration or foreclosure if trot permitted by regulations of the Secretary. gill. Balnslabwoo a 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. Ibis right applies even after foreclosure proceedings art: instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current Including. to the extent they are obligations of Borrower under this Security Instrument. foreclosure cons and reasonable and customary attorney's fees and expenses properly associated with the foreclosure proceeding. Uponreinstatement bI-Barrower, this Security Imtrummt and the obligadotu that it secures shall restrain in effect as if Lender bad not regvir t d imme4&W'9.e payment in full. However , Lender is not required to permit reinstatement if. (i) Lender has accepted reinstaterrfeet after the commencement of foreclosure procadings within two Yeah immediately preceding the commencement of a current foreclosure proceeding. (ii) reinstatement will preclude foreclosure on different grounds in the future, or (10) reinstatement will adversely affect the priority of the lien created by this Security instrument. IL Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sutra secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to comtnettoe proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums seed by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the erwdit of sAv c(ght or remedy. iE. Successm sari Assigns Homed; Joint and Several UkWor. Co•Sieaers. The co%am-n. m and agreements of this Security Instrum= snail bi ul and benefit the successors and assigns of Lender and Borrower. subject to the provisions of paragraph 9.b. Borrower's omemazu and agreements shall be joint and several. Any Borrower who co•sigrts this Security rastrument but does not execute the N•t++te•. (a) Is co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the pwperty under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security lm =neat; and .(c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or mate any accommodations with regard to the term of this Security Instrument or the Note without that Borrower's consent. I& Notices. Angnotice 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 sta.ed herein or any address Leander 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. A 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 conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. IS. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument. 16. As dilan ne of Rests. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property . Borrower a>,r -hodus Lender or Lender's agents, to collect the rents and revenues and hereby directs each tenant of the Property ti p>qy the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any. cove - n= or agreement in the Security instrument. Borrower shall collect and receive all rents and: revenues of the Property as mmee for cPte benefit of lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for addWanal sexy only. If Lenfi era gear entice of breach to Borrower. (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of L endrsahiy;.tu be applied to the sums secured by the Security lastri=ear (b) Lender shall be entitled to collect and receiveaR of, jhe ix:ws. of tone Property; and (c) each tenant of the Properly shrAl pas: all rents due and unpaid to Lender or Lender's met gat f rairirx'a, +vdaen demand to the tenant. Harrower Itas not executed any prior assignment of the rents tend it=. not and will not perform any act that would' prevent L'm&r firota ctarrdsing its rights under this paragraph 16. Leader dialtnot.be required to enter upon,. take control of or maintain for Fruperty before or after giving: notice of breach ay &rTower, However, Leader or a judicially appointed receiver may do so at' arty- linic tim a is a breach. koylnppliatian of masts. dbrA sat cure or waive any default or invalidate any other right or remedy of Lend s-.. Luis. amignment of rents of the E)-aitaT� shall terminate when the debt secured by the Security Instrument is paid in full_ Page 3 Of 4 - -