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J r Y •'1 90= 107183 - (� Borrower delete by la N to pay In M any monthy payment reitluln d by this Security InIlUUM nt prior to or on the dw dale of the rlad monthly payment. or ? y (d) Borrower dskft by is**. for a period of I" days. to perform any other obligations contained N this Security Instrunwi. (b) Sale Without Credit Approval. Lander shall, II pemlitted by eppllrable law and with the prior approval of the georalary, requlrs immed ite payment in full of all this sums segued by this Security Instrument of: @ M or pad of the Property it othwwhw transferred (other than by devise or chant) by the Borroww, and (d) fie Property is not occupiad by the purchaser or grantee as his or her primary or secondary residence, or the purchaser or grantee does so occupy the Property but his or her oak has not been approved in accordance with the reWiements of the Seordary• (c) No Waiver. If of willu races occur that would permit Lander to require Immediate payment in fug. but Lender does not require such payments, Lander does not waba he rights with respect to subsequent events. (d) Regulations of HUD Secretary., In misty circumstances regulations Issued by the Secretary wig limit Lender's rights, in the ease of payrmed deYaYts. to require herniate Payment in fug and foreclose it not paid. This Sweeny Instrument does not authomm woorlwation or foreclosure if not penn#Ad by regulations of the Seaatary. 10, Reinstatemarri . Borreww has a right to be reinstated i lender has required irrrrrcdiate payment In tug because of Borrower's %Wue to pay an amount due under the Note or this Sawrity Instrument. This right applies even after foreclosure proceedings we ItlsliGtted. To reinstate the Security Instrument, Borrower shelf tender in a lump sum as amounts required to bring Borrowers aermni current Including, to the extent they are Gbili"gons of Borrower under this Security Instrument, foreclosure costs and reason" and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Inslntment and the obligations that it segues shag remain In effect as it Lender had not required Immediate payment in full. However. Lender is not required to permit reinstatement If: (4 Lender has accepted reinstatement alter the eomtnencrarent of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceading. W reNrstatemet will preclude foreclosure on different grounds in the future, or (u) reinstatement will adversely afterd the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor In interest of Borrower shag not operate to release the liability of the original Borrower or Borrowers successor in Interest. Lender shall not be recuired to ccnvmoce proceedings against any successor In interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by th.s 84curity Instrument by reascn of any demand made by the original Borrower or Bonower's successors In idereaL Any kgbearonca by Lender in exercising any right or remedy shag not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co- Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph s.b. Berower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute The rote: (a) is Co-signing Itz Security Instrument only to mortgage, grant and convey that Borrowers Interest In the Property under the terns of this Security Instrument (b) Is not personally obligated to pay the sums 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. 13. Notices. 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 shag be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by Irst class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for In this Security Instrument shag be deemed to have been given to Borrower or Lender when givcv as provided In this paragraph. 14. Governing law; Severabilfty. " 1vs Security Instrument shag be governed by Federal law and the law of the jurLsdtctlon In which the Property is located. In the e+ ant that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shag not affect olher provisions of this Security Instrument or the Note which can be given effect without ene conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severat!e. 15. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument. 16. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the arts and revenues of The Property, Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender v Lender's agents. However, pdor to Lender's notice to 8 "-ewer of Borrower's breacr or any covenant or agreement In the Secur'. instrument. Borrower shag collect and receive an rents avc: �•.cnues of the Property as trustee for the benefit of Lender and Borrower. This assigrment of rents constitutes an absolute assignment and not an assignment tot additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument: (b) Lender shall be entitled I. collect and receive all 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 a^e+tt on Lender's written demand to the tenant. Borrower has not executed any prior assigr+.rer! of the rents and has not and will not perform any ace ' ^a: would prevent Lender born exercising its rights under this Paragraph 16. Lender shall not be requwed to enter upon. take control of or maintain the Property bevo•.? or after giving notice of treach to _. r �..... of ! ann iod reeemer may do so at anv time there ,� a breach. Any application of rents shave not ere or waive any default or invalidate any other fight or remedy of Lender rh s assignment of rents of the Property shall terminate whairt the debt seared by the Security Instrument is paid In full. 17. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9. Lander may invoke the power of sale and any other remedies permitted by applicable law. Lender shell be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 17. Including, but not limited to, reasonable attorneys' fees aid costs of title evidence. If the power of sale is invoked. Trustee shall record a notice of default in each county in which F6+1's CTt ,ee190) �.•A n:u +cope Ufa'.- : Kzu t� err` :�•j,ic. ;�s�ir .. 1 .tt