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<br /> , �`. . - . ' pnr emounis dlsbursed Dy i.�nder eu►Qer thts Paragraph shall beCOme an 8dd31onat debt ot Borrower end be seaaed by �•`
<br /> = 4:`,:-' � " _ � thts Securfly tnsaiur►ent.These amouMS sha0 bear intsrest irom the dats of distwreement at the Note rafe.and e!the apt3on of 'r `..,II�.,.,�.`
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<br /> � t.�der.sheU be pnm�h dus and payable. -
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<br /> BomOwer shall Pnort�tN discha�'BB�►Y Den whieh has prioritY over this SecuritY instrum�►t un�ss 8onower:i8)89�'�s� �, t * :,
<br /> -:�i ', � f9 W Lendef; (b)Contasffi in g0od.fa�h the Aen � ;
<br /> �;:'S� :' _ -`.,�:' w�hg to ttie Vaymertt ot the abCgatton secuced EY the�n�n a marmer acceptab =�x ,dsr .
<br /> -.--U;:�..�`°_`.: u by, or detands a8afist �tarcemert of the U� in, lagal Proc�din9g afiteh In the Lendefs optnton aperate w prev�t the � �.,_f=. ''•'�;`_
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<br /> �f.,� -` �r�nt ot the�n;or(c) seaires from the Aolder of tAe lies►an ag�ment� 4. `.
<br /> ';.,� -. < � � . thls S�ur�Y �strw�e°t N l.�der detennir►as that erry Dert ot tne Property is subiect w a Oen whtcn may atfa6n o►for�Y over this� � �,:.�; `'
<br /> _`;•;Y'r .�. �• �,-f . �c'!. Sequgy Instrument.lender may give Bomower a natice iQentIIying the 68n.Borrower shaU sat3sh the Gsn ar teke one or more of �
<br /> r . �- 3. . of rtoUce. �
<br /> � s{v_- � !` ,:�_ the aet�ons se!toRh ebove wdhin to days of Me 9�9 , _,
<br /> �, ;,d 4 ; 8. FC68.tender may colfect fees and chaBes authoraed by the Secretarll. � : , - =
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<br /> '�"E:4� ` � ' 9. Grounds tor dcce�eration of Debt `�' • �,-
<br /> .: ��`': ' � (8)D@f8U1t.Lertdet may. exceVt a5 1'unfted by regu�itons issued by the Se�xe�►tn the cflse of payment Q9f8u48. �
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<br /> :, require 6raneCiete P87finent In h,lt ot aA sums seeured bY thls Secur�ll lnstrum�t�:
<br /> tn tull an mcnth ent requUed by this Securit�l InstrumeM prior to at on •
<br /> � �: (�Botraivet defauSs by fa�lfig to PaY Y N OSl1m .� ..
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<br /> � `' +: `• ihe due date ot the nmd monthN PaS�em.or �_x�-
<br /> ` �• . (ti}Barrow�defau�s by f�TUsB.tor a Period of th6tY�Y��De�rtn eny other obf�attons conffilned in thLS Seau�11► � _ ` , -
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<br /> « ' tnstrumen4 �
<br /> �,j�� < - -::; @) �ate Without Credit Approval. Lendet Sh81l. d perm8ted by&PP�Ie (aw(tnChtd�9 seCtlon 341(� of i4►9 m F �v .
<br /> `_ '�"-:.- - - - CismSt Oertnain DePosamY MstduUons Act of 198�12 U.S.C. 1701j�3(�)end wRh the P�►ePDroval of the Se�etaty►. � ,, r ^,
<br /> x � �i require trnmediate paYment tn WH of all the sums seared by t A i s S e c u r 3 Y I n s b v m e n t i f. p � ;
<br /> �'` ' ^ (9 pp or part of the P�oPertY� or a beneNctal interest tn a dust ovming a0 ar part ot the Propmry. ts sotd or r�ri ' -
<br /> �, ��r� • a - -
<br /> �} - othetw�se banstet�ed(other than by devise or dest�tt�and �'` �_
<br /> ��*� � . (f�The PmpertY is not eccuP�O by the purehaser or grantea as Aia or het princpal r�tdence.or the pucchaser ar � F �
<br /> s��3 ` :'� grentee does so occupy the FroPertY. but his or her credit has not been approved Tn 8ecorda�ce w$h the .� � s Y. *f
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<br /> ; �z:`::".' �, ,,.. ..�:�,: �e�+Uements of the8ecreca*Y-
<br /> f- � ; -- in 11�4 but Lender � ..
<br /> ,{ �'� '� �- : (C) NO W8I1t@l. if ctr�umstanees occur that would pertnit Lend�to requfse trmnedlafe OaS�i '':'�..�
<br /> �• °� hts vdth res eCt W subsequent events. � ;��;� :
<br /> ,�� �:� .:. � ` .. do�noi requlre such Payments.Lender doas not wahre Rs d8 P ,..�;�
<br /> �-`�"- 5 �' � Y`. It� Regutattons ot HUD Sec�etary. �n manr cucumsmnces reg�+sattans tssued br �e s e t a e t a n r wm mnR , �.. .,
<br /> �"�f em defauds, to requtre 6nmediate paYment in fu�and tarectose �not Osid.7Ats ��
<br /> r r � ' Let�d9rs �1►t9. i11 the Ces9 of peym � P �-
<br /> a :°. ` S s c u d t y I n s h u merd does not authorfre aeceteration ar fareetosure U not permdted by regutations of the Seaeta�Y• � ` i: f
<br /> ���� `, (e) Mortgage No4lnsured.Botrower e8rees that ff this 38curdy U�strume�t 8nd the I Vote at6 no t d e t e r m 6�e d t o ',
<br /> -- �. be eflg�ta tot insWanee under the NaUoaal Mousing Aat w�lltn#04 dAUB�90) /rom the date h�reot. L�de► :;�'��,�
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<br /> - �.,� . .. maY,at tts opUon requae immedtate VaYment in fuU of a0 sums secuced by this Security Insbument A vmtESn stefsment .,.:
<br /> �.n:•.c . � .
<br /> � of any author(md e9ent of the SeaetarY date0 subseW+ent to 4d Of d&V8(90) trom the date hereof, dealN�rg r.'.�._. :{�:_:
<br /> •'���k''�r •�° "����` to insure this Security Insttument and the Note, shall be deemed conctusive proot of such ineUg�iRiy NotwRhstBndtng , : ..'_,
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<br /> � "' the toregotng,this optlon may rtot be exerclsed by lender when the unavailabii'dy of Insuranea is sotety due to Lendefs
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<br /> �{� = - tailure to remR a mortgage insu�p��m to Me Secretary. - -
<br /> i• . `� .'. %.• _ 10. Re1�t8iri8i1t. BoROwer has a right to be reinstated H lenQet has reWtred immediete paY�t in tu0 because of :.
<br /> ��'.` ��;' . , BoROwers tailure to paY 8n amount due unde� th9 Note Ot thi5 SBCUtRyr InsUumen4 ThLS tigM ePD08s ev0n attBt fOtectOSUte ..•,:•:'_
<br /> .;�•�• .: • . •••:` .�'� proceedin8s ere insfm�ted.To reinstate the Securiry InsUumen� Bortower shaD tender in a Nmp sum atl amounts �equhed ta .�• ;
<br /> .�-„'r� " .. �.... prhg Bortowefs account current Inch�dhg. to the extent they ere obtigadons of 8orrower under this Secur�Y InstrumanL ��'!
<br /> .,�-,.:�. ' .,;.. assoctated with the tor�tosure . ,� ,':.
<br /> "�'�� ' ' torectosure costs and reasenabie and cuswmarY attomey�s teas and e�enses propeM
<br /> , �^s � � . .� proceeding.UPOn reinstatement by Borrower.this SecurilY tnsuument end the obltga�ons that�seaurea sha0 rernain in effe�t es
<br /> .�,�;�.;� • " 8 Lend9r had not reQuited immedtat9 PeYment In tuR Howe+ret.Lsndar is not requUed to Perm3�einsffitement U: (�Lendet hes -.':_.+;:'
<br /> ':�';;; accePted ce�statemerrt after the commenoement of foreciosure procee0ings wSthin two years tmmediatety Orecedin9 tne . _
<br /> • " coramencement ot a curtern forectosure p�oceedb�g. lii)reinstatement wID Dreah�de loreclosure on difterene grounds in the tifine: : _;�: .,
<br /> `�:�r•.:.r. � , . or(Qi�reinstatement witl adversely aHect the prtority o1 the lien created bY tnts Security InsWmenf.
<br /> '�.;`,:. , .. .
<br /> �• ``i� . � � � - 11. Bonower Not Reteased; Forbearance By Lende� [dot a Walver.6Renston ot tAe time ot payment or
<br /> �!` a � ' � '� modillcaUan of amorttratlon of the sums secured by thfs Securiry in&trument granted by lenQet to any Successor in inLerest of ..
<br /> �''`;' � ., ., Borrawer shail not operate to reiease the fiab'sGty ot the original Borrower or Borrorre�a successor in dntetest L.enCet shafl not be
<br /> _� _,:,, , • - .
<br /> � ^•���• required to eommence proceedinga sga�st eny successer fn interest or retuse w extend tUne for payment or otherwLse mod'Qy
<br /> ����•�.'.� ,. .
<br /> ;.�.:.:�� � e m o R i r ation of the sums secured by tlib Securrty InsWmen! by reason ot eny demartd made by the orighal Boaower or
<br /> : :L__�:::: .- � � ... _ r ht or reme d Y S h a D n o t b e A w a l v�o f ot ..
<br /> Bortowers suceessors in tnteresl. Ar1Y forbearancg by Lender b auercLs�B a�Y �8 ,
<br /> , ` � prectude the ezercise of enY right or remedy. 's'' '� .
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<br /> 12. Successors and Assi9ns Bound; Jolnt end S�veral LIab111ty; Co-st9nera �►e covenan� ana •
<br /> � �•�,';`;. . _ ..: �
<br /> agreements of thLs Securdy Inswment shall bind and benelR the suCCessors end essig�s of Lendet and BOmowAr,subjeCt to the - ,. . �.
<br /> �', ����� • �
<br /> provlsions ol Paragra0h 9lb). Bortower9 covenants and agreements shall be jolnt anO severel. My Bonower who Co9lgns thb
<br /> Security Instrumenl but does not execute�►+e Note: {a) is co•s�gning tnis Secur;ry Inswment onry to mortgago,grant and eonvey
<br /> , ��;.: �,� . . insuument: (b) is not personalty obltgata0 to DaY �A .
<br /> � thet 8ortower5 mterest h the PtopeRy under the terms of thi9 SeCUrity
<br /> �.�'.±,,. ' �� � sums seCUred by this SecurRY Instrumen� and (c} agrees that Lender end eny other Bonower may agtea to extend. modity,
<br /> � . j to�besr or make any sccommodat�ons wdh �egard to the tertn oT thiS SeCUiRy InStrumeM or the Note without thef Bartowers
<br /> �'..�.',:.:. . � - + ; consent. -
<br /> � ; 13. NOUC@8.My notice to Bortowet provided for m this SecufAy Instrument shall be ghren by d8fiuerUi9 d or by mai"ut9 it
<br /> � • � �� by first ctass ma��unlese app�icable Iaw requtres use of enother method.The rtotice shell be d'cecte0 to the PropeAy Address or
<br /> �;': .,�;.� � any other addtess Borrowet da5ignates by noC�ce to Lender. My notbe to Lender sha61 be glven by fbst Ctass me11 to I�ndefe .
<br /> address stated herain or any address Lender designates Oy notice to Bortower. My not�Ce pro�lded for in th19 SeCUrity ��-
<br /> :it,�';''�---� . , -
<br /> z •. , • Instrument shatl be Ceemed to have been given to Borcower or Lender whon groen as Wovided�this PatH9taPh•
<br /> ..���:`�. � .
<br /> • 14. Governirtg Law; Severability. Thls SBCUrrty Instrument sha�l bg govam6d by Fedare� �8w and 1he law of thg �. •
<br /> � .`�-:�� � � �utiStlCtWn ul whCh tne PrOpBtty �5 �OCat9tl. In th8 ev8nt ih8t any prov4�On or cauSB Ot thi5 SeCUrdy InStNmBnt or th8 NOtB r
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