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• f ..1 jff.y rx f - - 'iM4`,I /TI,ti q,Lr�'rr . '�• 1+F1 .11s:-.. -. :,rvu - �.'tfgl V•tKYkC+fR� y1i+a- a.l+'. �y-, n•A;,' - cry! �„�;:(at�'ihrv.. __ •_..�1�i1i6 •n 90-- 107097 Gtntaab for AooeMsallott of Debt. (a) Dsf" Lender may, except as limited by regulations issued by the Secretary in the ears of payment defaults, requim 1!';,;_ci;, •;, W' n ^y�1 Immediate payment in full of all sums secured by this Security Instrument if: rfr • =' +. • . >• . (i) Borrower defaults by failing to pay in full any monthly psuym et5t required by this Security Instrument prior to or on _ -_- ; " the due date of the next monthly payment, or f (6) Borrower defaults by falling, for a period of thirty days, to perform any other obligations contained in this Security o - r Isnument. kable law and with the prior approval of the SM=WY, acquire (b) &k WkbM Credit Approval. Leader shall, if permitted by app! P aPPm fromadiate in full of all the nom seatrod by this Security Instrument if: -- paymreat (i) All or pan of the Property is otherwise tramferred (otter than by devise or descent) by the Borrower, and . [ (ii) The Properly is not occupied by the purchaser or PRIM as his or her primary or secondary residertce, or the purchaser or Itts been sp{roved in accordum with the nxpdfanem of dw Socretwy [... • ... , _ " grataae does so aocrtpy the Property but his or her credit riot (e) No Waiver. if circumstances occur that would permit Lender to require immediate payment in full, but Leader does not require such payments. Lender does not waive its rights with respect to subsequent events. (d) Regaladoas of HUD Secretary. In many Circumstances regulations issued by the Secretary This emit Lender's rights. in defaults, to require itnatediate payment is full and foreclose if not paid. This Security instrument does_ - the case of payment acceleration or foreclosure if not pensrincd by regulations of the Secretary. . :;., �.,. :. •._ . - not authorize rl 16. Rdai"t wAw. Borrower has a right to be reinstated if Lender has required immediate payment in full because of due under the Note or this Security Instrument. This right applies even after foreclosure t t :a, - ,s Borrower's failut4e to pay an amount proceedings are iaxtituced. To reinstate the Security Inurement. Borrower shall tender In a lump sum all amounts requited to the extent they are obligations of Borrower under this Security Instrument, , ,,t• +,.� �- �-�. '!a•.;t bring Borrower's account current including, to and customary attorney's fees and expenses properly associated with the foreclosure foreclosure costs and reasonable proceeding. Upon n Instatement by Borrower, this Security Instcument and the obligations that it secures shall remain in effect as had required immediate payment in full. However, Lender is not required to permit reinstatement if- (1) Lender has if Lender not accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the a current foreclosure proceeding, (ii) rdmtatement wIB preclude foreclosure on diFfereat grounds in the commencement of future. or (iii) re instatement will adversely affect the priority of the lien created by this Security Instrument. ff, , 1t. Borrower Not Released; Forbearance By Leader Not a Waiver. Extension of the iime of payment or modification of Instrument by Lender to any successor in interest of Borrower shall Trot 1 -- amortization of the sums secured by this Security granted to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to ' operate commence proceedings against any successo refuse to extend time for payment or otherwise modify amortization r in interest or r sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's - - - — - ^ of the successors in interem. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the �z . f '• :N exercise of any right or remedy. ' U. svereum sad Assigns Bound; Joint and Several Liability; Co•Sigsea. The covenants and agreements of this Security Lender and Borrower, subject to the provisions of paragraph 9.6. Instrument shall bind and benefit the successors and assigns of Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does to mortgage, grant and convey that Borrower's interest in ' not execute the Note: (a) is co- signing this Security Instrument only the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Borrower may agree to extend, modify, forbear or make any Instrument; and (c) agrees that Lender and any other accommodations with regard to the term of this Security Instrument or the Note without that Borrower's consent. 13. Nodem. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by The notice shall be directed to the Property Address or any first 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 to Lender's address Borrower. Any notice provided for in this Security Instrument shall 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. Id. Governing Law; Severabli ty. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with ap• which the pUcable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect this Security Instrument and the Note are declared to be without the conflicting provision. To this end the provisions of severable. Instrument. tit,; IS. Borrower's Copy. Borrower shall be given one conformed copy of this Security +4 +r .. 16. Aujilament of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property Borrower authorizes Lender or to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any cove nano or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee an absolute assignment and not an assignment for for the benefit of Lender and Borrower. This assignment of rents constitutes additional security only. If Lender gt%es notice of breach to Bortoµer: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit (b) Lender shall be entitled to collect and receive all r'.i of Lender only, to be applied to the sums secured by the Security Instrument; of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent r • "- ': • on Lender's written demand to the tenant. Borrower has not executed airy prior assignment of Oe rents and has not and will not perform any act that would prevent Lender frorn exercising its rights under this ra:agraph 16. Lender shall rat be required to enter upen.:ake control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so a: anytime there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right rr remedy of lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. ate ? ul