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<br />�,l::3liiAilt
<br />90-- 1069,83
<br />Any applllictio in the pr coeds tocha �e the amoulnt of such paynlems�Any excels, draceedshoveroanhamount regt iredito
<br />are reff
<br />pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled therein.
<br />8. Pees. Lender may collect fees and charges authorized by the Secretary.
<br />9. Grounds for Acceleration of Debt. ued
<br />by the rfin the case ofpayment defaults, require
<br />regulations %
<br />) Lender o except re this Security instrument i
<br />(I) on the due dam defaults of y faincxg monthly full
<br />uymem monthly payment required by this Security Instrument prior to
<br />her obligations contained in this
<br />(ii) Borrower defaults by failing, for a period of thirty days. to perform any ot
<br />Security Instrument.
<br />Approval. Lender shall, if permitted by applicable law and with the prior approval of the
<br />(h) Sale Witbuat
<br />Secretary, require immediate payment in full of all the sums secured by this Security Instrument if:
<br />(i) All or part of the Property is otherwise transferred (other than by devise or descent) by the Borrower. and
<br />purchaserror grantee does so occuPY the Purchaser
<br />Property but his or her his
<br />redit her
<br />as nottbeen or approved in acccordance or the
<br />with
<br />the requirements of the Secretary.
<br />(c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full. but Lender
<br />does not require such payments, Lender does not waive its rights with reset to subsequent events.
<br />inth case vet ?ay.ment defaults t require circumstances nauit and foreclose f not paid This limit ecurity Instrument
<br />does not autl.,prile acceleration or foreclosure if not permitted by regulations of the Secretary.
<br />go. Reinstatement. Borrower has a right to be reinstate) if Lender has required immediate payment in full because of
<br />proorceoedings sreuinstitutedeTc reinstate the Security Instrument, orrowersshal tenderlinra lump sum um all amounts required
<br />to bring Borrower's account current
<br />and custlomlzugj•�atortn extent ' ees and expenses l properly Borrower ociated with ethe foreclosure proceeding.
<br />fprrclosure costs and
<br />Upon reinstatement by Borrower, this Security Instrument and the obligations that a secures shale remain in nd r� as if Lender
<br />hail no: required afters,the commencement l of foHeclosure proceedings within twotyenss immediately preceding the c+ rmmencement ent reinstatem
<br />oeinst anent
<br />reinstatement oriel foreclosure proceeding, seeding, (priority to t entliwi created eclude roreclosu onlnst fee grounds in the future. or (tar)
<br />11. Borrower of the umsssc secured by this Security Insirame t granted iExtension of o any su ces orrenrrinterest of Borrower
<br />shall amortization
<br />shah not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required
<br />tocommence proceedings against any successor in interest or refuse toexxend time for payment or otherwise modify amortization
<br />of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors
<br />In interest. Any forbearance by Lender in ercrcising any right or remedy shall not be a waiver of or preclude the exercise of
<br />any right or remedy.
<br />12. Successors and Assigns Bound; Joint and Several Liability; Co- SIRners. The covenants and agreements of this Security
<br />Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph
<br />9.b. Borrower's covenanti and agreements shall he joint and several. .any Borrower who co -signs this Security Instrument
<br />but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower',
<br />interest in the Property under the terms of this Security Instrument; (h) is not personally obligated to pay the sums secured
<br />by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make
<br />any accommodations with regard to the term of this _;ccurity Instrument or the Note without that Borrower'+ consent.
<br />13. Noliceq. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br />it by first class mail unless applicable law requires use of another method. The notice shall be directecl to the Property Address
<br />or nny other address Borrower designates by notice to Lender. Any notice to Lender shall be gi--en h% first class mad to Lender's
<br />adiros stated herein or any address lender designate+ bt, notice to Borrower. Any notice provided far in this Secumty Instrument
<br />shall be deemed to have been given to Borrower or I. ender when given as provided in this paragraph.
<br />14. Governilmg Law; Severabilily. This Securit y Instrumem ,hall be governed h} Federal law and the law of the jurisdiction
<br />in which the Property is located. In the dent that any provi +ion or clause of Ihi% 5ecuri1% Instrument or the Note conflicts
<br />with applicable late. inch ennflk: shall not affect other prt+'i +ion+ of thi% Security lnslrumenl oar the Note which can he gi%'en
<br />with +vicht�ut the conflicaing Provision. fu This end the provisions of his Securitl. Instrument and the Note are declared to
<br />he seterable.
<br />Iz. ©mutt ►ri'm's ('op.. Borrower she:: ' ya el: tine cunfornud cup% ooh This ;r,uril. lnstrurrlenl.
<br />16. Assignment of Rents. Borrower un;ctnduiun;,l: ;i++itm :end trau%Imrs it, 1 cruder .111'h,! ants .:net re"llue%ul'the Proper:' .
<br />Borrower authorizes Lender or Lender's agent%to colter; the rents:Ind rocnue+ and he:eby dilcc:, each tenant of the Properr%
<br />to pay the rents to Lender or Lender's agent%. nrior to Lt:nder', nuuee to Borrower of Borrowcr'% breach of ary
<br />covenant or agreenicill'in the 5cctirittttIn-4ruille,er.l) hl+ :H+Ir!Illllleahtttl trill +dim II liltne+l atll.Itt olutc a- +igmnelntl and lnll l an
<br />as trumcc Itil toot ,, . .. -.. - -. _.._ .
<br />assignment for additional security only.
<br />If lender gi%cs notice of breach to llorroucr: Uri all Tell,, lca'ls cd by Borrower %hall he held h% Burrower as tru +tee our
<br />henefit of Lender only. Ito he applied to the +run+ secured h% the sccunl> Instrument. Ihl I ender +hall he :nulled Io colossi
<br />and rccei%e all of the rents ul the 1'ruperq; :old Ice mash tenant ul the pt pert %hall pay all lent% due and unpaid to (.ender
<br />or I.mndcr's agent un Lender's written delliand M the tenant.
<br />Barrnmer has 'lot evcclllcd :Ill+ prtor:t% %tgntnent art that rent, ant) ha% lint Mid ++111 t1Ul peritirol any :Ica that %%ould procnt
<br />I ender fr,orit exercising it% rights under rho% paragraph th
<br />1 ender %hall not he required it) enter upon, takc,orittol of or m.tmt.un `iri..hr,4n�rhmr tt rc t ,,let r v tw Mitt %�rrl���Iio�,
<br />to Borrower. lit-c-t, I ender or a judicial)% allmillied tccei%er Ina% dt
<br />then' % hall not llcure itit %%;n% ;' the t t, alma 11
<br />Illhetsecuuty tin +uul11C111 braid `n It11llr flu% ., %.Ienmen, t�l tint, ul
<br />�It • •�r�l�.
<br />�,l::3liiAilt
<br />90-- 1069,83
<br />Any applllictio in the pr coeds tocha �e the amoulnt of such paynlems�Any excels, draceedshoveroanhamount regt iredito
<br />are reff
<br />pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled therein.
<br />8. Pees. Lender may collect fees and charges authorized by the Secretary.
<br />9. Grounds for Acceleration of Debt. ued
<br />by the rfin the case ofpayment defaults, require
<br />regulations %
<br />) Lender o except re this Security instrument i
<br />(I) on the due dam defaults of y faincxg monthly full
<br />uymem monthly payment required by this Security Instrument prior to
<br />her obligations contained in this
<br />(ii) Borrower defaults by failing, for a period of thirty days. to perform any ot
<br />Security Instrument.
<br />Approval. Lender shall, if permitted by applicable law and with the prior approval of the
<br />(h) Sale Witbuat
<br />Secretary, require immediate payment in full of all the sums secured by this Security Instrument if:
<br />(i) All or part of the Property is otherwise transferred (other than by devise or descent) by the Borrower. and
<br />purchaserror grantee does so occuPY the Purchaser
<br />Property but his or her his
<br />redit her
<br />as nottbeen or approved in acccordance or the
<br />with
<br />the requirements of the Secretary.
<br />(c) No Waiver. If circumstances occur that would permit Lender to require immediate payment in full. but Lender
<br />does not require such payments, Lender does not waive its rights with reset to subsequent events.
<br />inth case vet ?ay.ment defaults t require circumstances nauit and foreclose f not paid This limit ecurity Instrument
<br />does not autl.,prile acceleration or foreclosure if not permitted by regulations of the Secretary.
<br />go. Reinstatement. Borrower has a right to be reinstate) if Lender has required immediate payment in full because of
<br />proorceoedings sreuinstitutedeTc reinstate the Security Instrument, orrowersshal tenderlinra lump sum um all amounts required
<br />to bring Borrower's account current
<br />and custlomlzugj•�atortn extent ' ees and expenses l properly Borrower ociated with ethe foreclosure proceeding.
<br />fprrclosure costs and
<br />Upon reinstatement by Borrower, this Security Instrument and the obligations that a secures shale remain in nd r� as if Lender
<br />hail no: required afters,the commencement l of foHeclosure proceedings within twotyenss immediately preceding the c+ rmmencement ent reinstatem
<br />oeinst anent
<br />reinstatement oriel foreclosure proceeding, seeding, (priority to t entliwi created eclude roreclosu onlnst fee grounds in the future. or (tar)
<br />11. Borrower of the umsssc secured by this Security Insirame t granted iExtension of o any su ces orrenrrinterest of Borrower
<br />shall amortization
<br />shah not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required
<br />tocommence proceedings against any successor in interest or refuse toexxend time for payment or otherwise modify amortization
<br />of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors
<br />In interest. Any forbearance by Lender in ercrcising any right or remedy shall not be a waiver of or preclude the exercise of
<br />any right or remedy.
<br />12. Successors and Assigns Bound; Joint and Several Liability; Co- SIRners. The covenants and agreements of this Security
<br />Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph
<br />9.b. Borrower's covenanti and agreements shall he joint and several. .any Borrower who co -signs this Security Instrument
<br />but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant and convey that Borrower',
<br />interest in the Property under the terms of this Security Instrument; (h) is not personally obligated to pay the sums secured
<br />by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make
<br />any accommodations with regard to the term of this _;ccurity Instrument or the Note without that Borrower'+ consent.
<br />13. Noliceq. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br />it by first class mail unless applicable law requires use of another method. The notice shall be directecl to the Property Address
<br />or nny other address Borrower designates by notice to Lender. Any notice to Lender shall be gi--en h% first class mad to Lender's
<br />adiros stated herein or any address lender designate+ bt, notice to Borrower. Any notice provided far in this Secumty Instrument
<br />shall be deemed to have been given to Borrower or I. ender when given as provided in this paragraph.
<br />14. Governilmg Law; Severabilily. This Securit y Instrumem ,hall be governed h} Federal law and the law of the jurisdiction
<br />in which the Property is located. In the dent that any provi +ion or clause of Ihi% 5ecuri1% Instrument or the Note conflicts
<br />with applicable late. inch ennflk: shall not affect other prt+'i +ion+ of thi% Security lnslrumenl oar the Note which can he gi%'en
<br />with +vicht�ut the conflicaing Provision. fu This end the provisions of his Securitl. Instrument and the Note are declared to
<br />he seterable.
<br />Iz. ©mutt ►ri'm's ('op.. Borrower she:: ' ya el: tine cunfornud cup% ooh This ;r,uril. lnstrurrlenl.
<br />16. Assignment of Rents. Borrower un;ctnduiun;,l: ;i++itm :end trau%Imrs it, 1 cruder .111'h,! ants .:net re"llue%ul'the Proper:' .
<br />Borrower authorizes Lender or Lender's agent%to colter; the rents:Ind rocnue+ and he:eby dilcc:, each tenant of the Properr%
<br />to pay the rents to Lender or Lender's agent%. nrior to Lt:nder', nuuee to Borrower of Borrowcr'% breach of ary
<br />covenant or agreenicill'in the 5cctirittttIn-4ruille,er.l) hl+ :H+Ir!Illllleahtttl trill +dim II liltne+l atll.Itt olutc a- +igmnelntl and lnll l an
<br />as trumcc Itil toot ,, . .. -.. - -. _.._ .
<br />assignment for additional security only.
<br />If lender gi%cs notice of breach to llorroucr: Uri all Tell,, lca'ls cd by Borrower %hall he held h% Burrower as tru +tee our
<br />henefit of Lender only. Ito he applied to the +run+ secured h% the sccunl> Instrument. Ihl I ender +hall he :nulled Io colossi
<br />and rccei%e all of the rents ul the 1'ruperq; :old Ice mash tenant ul the pt pert %hall pay all lent% due and unpaid to (.ender
<br />or I.mndcr's agent un Lender's written delliand M the tenant.
<br />Barrnmer has 'lot evcclllcd :Ill+ prtor:t% %tgntnent art that rent, ant) ha% lint Mid ++111 t1Ul peritirol any :Ica that %%ould procnt
<br />I ender fr,orit exercising it% rights under rho% paragraph th
<br />1 ender %hall not he required it) enter upon, takc,orittol of or m.tmt.un `iri..hr,4n�rhmr tt rc t ,,let r v tw Mitt %�rrl���Iio�,
<br />to Borrower. lit-c-t, I ender or a judicial)% allmillied tccei%er Ina% dt
<br />then' % hall not llcure itit %%;n% ;' the t t, alma 11
<br />Illhetsecuuty tin +uul11C111 braid `n It11llr flu% ., %.Ienmen, t�l tint, ul
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