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— k7 V L., �lZ ` r . -• �r>hr� S ` s -. � Irf�'l ;il r _. __ - -- - .. '•'A l;rs .c, 4i �s� : � :.. �.,al -R , .ef "'1 1 - t - � t 7t - - --�. -_ _ _ _��.. _._ __ - ki•' t r � =fit ( - •.•1. 11�'V1TItWiCb1` .r. �Y. - ? • car= 9. GcOma a for Aetolatatlem of Debt. 90- 106673 (a) Dafoak. Lender tray. except as limited by regulations issued by the Secretary in the case of payment defaults, require Immediate payment in full of all sums secured by this Security Instrument if- (I) Borrower defaults by falling to pay in full any monthly paymalt required by this Security Instrument prior to or on the due date of the neat monthly Payment. or (U) Borrower defaults by failing, for a period of thirty days, to perform any other obligations ct Maiord in this Security lanrttmeat. of the Secretary, [!quire (y Sate Wllbotlt Ct+aAt Appaaral. Lender shall, if pemtiged by 1ppt4aNe law and with the Prior approval immtt1, 1, M meat is (null of all the sums mcumd by this Sccunty inatru xm d: (i) AU cc.put of the Properly is otherwise transferred (other that by devise or descm) by ft Borrower, and (6r�iWc does property go oat pt' ebe PmQetty but his' a h�creds he not been appmW in we ordsooe raq*tY el the SeccCWy- (e) No Wsher. if circumstances occur that would permit Leader to require immediate payment in full. but Lender dace not require such psyments, Lender does not waive its rights with respect to subsequent events. (A) Mgp*1 ioty of HUD SeaOW7. in many dreutnnat M regulations issued by the Secretary will lutist Lender's iiglits. 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. NAlino ati rot. Borrower has a right to be rcinsu ed if Lender has required immediate payment in full becaum of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are Instituted. To reinstate the Security instrument. Borrower shall tender in a lump sum all amounts required to bring Borrower's account orrrent including, to the extent they are oblgatom of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorttey's foes and expenses property associated with the foreclosure proccedIng. Upon reinstatement by Borrower. this Security Instrument and the obligations that it secures shall remain is effect as If leader had not required immediate payment in full. However. Lender is not required to permit reinstatement if: (i) Lender has aompted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding. (u7 reinstatement will preclude foreclosure on different grounds is the future. or (Cu) reinstatement will adversely affect the priority of the lien crated by this Security Instrument, IL Borrower Not Refweiil; Forlicussm By Le"a Not a Water. Extension of the time of paymerrL or modification of amortization of the sums secured by this Security instrument granted by Lender to any successor in interest of Borrower shall not operate to relase the liability of the original Borrower or Borrower's successor in interov. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for pa) mwr or cthawise modify amortization of the sums secured by ibis Security lastcumrmt by reason of any demand made by the original thrower or Borrower's successors in interest. Any forbearance by limltr in exercising any right or remedy shall not be a ivab er of or preclude the exercise of any right or remedy. EL Saeeeaaora said Asdgd Bowed; Joint ad Seteed Liability; Ca- Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower. subject to 611 provisions of paragraph 9.b. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this 50.T..uit_y lastrument but does not execute the Note: (a) is co- signing this Security instrument only to mortgage. grant and convey thv 13 ,arrower's interest In the Property under the terns of this Security Instrument; (b) is not personally obligated to pay the surds secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the term of this Security instrument or the Note without that Borrower's consent. V. Notlem 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 tat. Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender desigernr es �-y notice to Borrower. Any notice provided for in this Security instrument shall be deemed to have been given to Borrower car Lender when given as provided in this paragraph. U. Governing Law; Severabiitty. 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- plicable law, nu;h conflict shall not affect other provisions of this Security rrtsuument or the Note which can be given effect without the A-nflicting provision. To this end the provisions of this Sectuity Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed,copy of this Security Instrument. 16. Asrignsent of Rents. Borrower unconditionally assigns and transfers to Lender ant the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs earls tenant of the Property to pay the rents to Lender or lender's agescs. However, prior to Lender's aatiic-e to Boats%= of iwFn7 wer'ti breach of any cove- cant or agreement in the Sezojity. fustmmnem Borrower shall collect and receive all real v, aLil, a. u a of.. die Property as trustee far the benefit of Lender ais.41 U r[r,wer.. Mis assignment of rents constitutes an absatute ,,,5ra==v,imi not an assignment for adititional security only- rf Lendergn:es aodce of Gctach to Bcrrr,.rws: (a) all rents received by. Sarrower shall be held by Borrower as tr=ee.EXTtN+. [furs of Lender odiy., to' be applied to the sums s e-ured by the Security f nstrwr©a-, (b) Lender shall be entitled to ivllect and cent' }e ail of the rents of the Property; and (c) each mmt of the Property shall p4y nIl rents due and unpaid to Louihr or Lamder.szgmt: an Lender's written demand to the tenant. Borrower has not executmi- nay prior assignment of the rents and has not and will not perform any act that aeutti; pm-eat Lender from exercising irs rights under this paragraph 16. Lender shall. anti be raluirat to enter upon,.take control of or maintain, the Property before or after giving notice of breach to Borrower. Ho%vever,: Lektder or a 1ddciaily. appointed receiver may do 5a. 3.t: any time there is a breach. Any application of rents shall not cum ui: arrive m: or i y"date any other right or tpnai5•r (if Lender. Thiv assignment of rents of the Property shall termiawr wain the debi. satired by the Security I=mmert s print in full. Page 3 r ,Js t, r.