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TOW 90, AV10040 9. Glitittma for ActislerrAws of D@M. (a) Ddnk. Leader may, except as limited by regulations Wood by the Secretary in the cue Of Payment defaults- require immediate payment in fail of all sums secured by this Security Instrument if. (I) Bw►v= defaults by Failing to pay in full Any O=tMY PRY111161 required by this Security Instrument prior to or on the due date of the am monthly payment. of Borrower defoults by failiall, for a period of thirty days. to perform any other obligations contained in this Security (6) Instrument. (b) !gale WitbawiCnikApproval. Lender shall, if pandered by applicable law and with the prim approval of" Secretary. FMON imnigiiisse payment In fail of all do sums secured by thh security instrument if. (s) All or pot of the Property is odierwise transkned (odur *an by devise of descent) by do Borth m. and (i1) The Property is not occupied by ft puwhmr or a - as his a her primary Or McondluY rraiderI Or the purchas" 07 riche Secretary gnaw does so occupy the Pmpeny but his or her credit ba Out bees annived in accordance widt the requirements - (c) No Wow. if circumstances occur that would permit Lender to require immediate payment in full, bu t Lender does not require such payments, Lender does not waive its rights with respect to subsequent events. (d) Regallsiloas of HUD Suratary. In many circumstances regulations Issued by the Secretary will Untit Lender's rights, in se not paid This Security the em of payment defaults, to require immediate payment in full and foreclose if a - t Instrument does Secretary. not authorize acceleration or foreclosure if not permitted by regulations of the A. Relinstatessent. Borrower has a right to be reinstated If Lender has required immediate payment In full bemuse Of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings we instituted. To reinstate the Security Instrument, Borrower shall tender in a Jump sum all amounts required to obligations of Borrower under this Security A. bring Borrower's amount current including, to the extent they are attorney's fees fees and expenses properly associate foreclosure costs and reasonable and customary with the foreclosure Y's Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain In effect as proceeding, if Lender had not required immediate payment in full. However, Lender Its not required to permit reinstatement if: (I) Lender has aCCC cars nunedl preceding pted reinstatement after the commencement of foreclosure proceedings within two Y immediately p n the commencement of a current foreclosure procading, 00 reinstatement will preclude foreclosure on different grounds in the future. or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By lander Not a Waiver. Extension of the time of payment of modification or amortization of the sums secured by this Security instrument granted by Lender to any successor in interest of Borrower shall not in interest. Lender shall not be required to operate to release the liability of the original Borrower or Borrower's successor commence proc"up against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's the successors In Interest. Any forbearance by Lender In exercising any right or r emedy shall not be a waiver of of preclude exereft of any right or remedy. n. Saccinson; and Aniline Bouisill Joint and Several Liablillty; Co-Sipen. 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 9.b. Borrower's covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage. grant and convey that Borrower's interest In the Property under the terms 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. Node s. 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 to Lender. Any notice to Lender shall be given by first clan mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be darned to have been given to Dorrzowa or Lender when given as provided In this paragraph. 34. Governing Law; Sevefablilly. T• Security Inr.mm-ini Oa;i be governed by Federal law and the law of the jurisdiction in which the Property Is located. In the event tha, any provision or clause of this Security Instrument or the Note conflicts with ap ..C.- 7rovisions of this Security Instrument or the Note which can be given effect plicable law, such conflict shall not affect of e: without the conflicting provision. To this end she provisions of this Security Inst rument and the Note are declared to be severable. IS. Borrower's Copy. Borrower sh" be given one conformed copy of this Security Instrument. 16. Assignment of Rents. Borrower unconditionally assigns and nansfets 10 Lerder all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect tae rents and revenues as hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior i v Lender's notice to Borrower of Borrower's breach of any cove- nant t and receive all rents and revenues of the Property as trustee nant or agreement in the Security Instrument. Borrower shall col. for the benefit of Lender and Borrower. This assignment of rems constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as 4rustet for benefit of Lender only, to be applied to the sums secured bj• the Security Instrument; (b) Lender shall be entitled to coUec, and receive 211 or the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or LgrAtr's agent on Lender's written demand to the tenant. Borrower has not executed any -r.,;ot assignmtni of the rents and has not and will not perform any ac -t that would present Lender from exercising its rights under INS raiag?aph 16. Lender shall not be ce(luiYed to enter upon, take con-.,ol of or maintain the Property before or after giving ir..ice of breach to n TMN Borrower. However, Lerder or a judicially appointer: receiver may do so at ai%% -::tTe there is a breach. Any app`.zatto of . shall not cure or waive any default or invalidate ang other right D!r ter of i ender. This assignment of rents �( the Prorettv shall terminate when the debt secured by the Security In3tru=-ta- * land in full.