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<br /> � � � 90--10734�
<br /> ' � ��rx:;�'�;n:�+a�i�1 q a;,:e:...._=-- —
<br /> f.y;.,,;�k,�:._ Any upplirntion oP�hc praceed�u��hc principnl+h�ll nc�t ex�cnd ar�x�r�pc►nc thc due dulc uf ihe monlhly puymeni�,wl�i�:h � -`_,,,s���
<br /> , � . . .. ,��:%q,: Arcoufe.anJin iindebtcdoerr undor li�Nrnn uod ihi�.Atir��rit>in►i�umr��shull t►c pi�id �o�ha entily Icpully,rnti�lird the�e a
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<br /> �,;'�� �. t'eef, Leixle� may calle�t fees und cburpo�cunin�rind by the Secrewry. —
<br /> . �.� „ . 4,�:rouNdr fo� Accekt�tlan oi Ikhl.
<br />.__". . .. . ., .,�j r y ' r Y�ly fi:1Ll�ts.�_. .
<br /> ' � " im mdiA e��puymentni�yfull�ot ull sams sceu�eJ by his�Seru itY Inst umentriFG�thc casc ul�payment dePnults,requ�rr ,__ --__-- --,_,
<br /> � �=z-��.�,.,�
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<br /> , (i)Borrower dcfauUs hy fAiling to pny in full uny monthly pnyment required by this Secu�ity Inst�ument priar lo .1 Y.:4.�_�i-,�.
<br /> � or on the due dule of �he next monthly payment. or ""`� ��' • • .
<br /> •, (ii) Horrower defauds by failing. for a period of thir�y duys, to perfarm ony other obligAtions cantained in this '•t_�� - ,...�-•-�'�'�'=='�"�`�'-�
<br /> � r. Security Instrument. �`�::•- __
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<br /> (b)3ple Wilhout Cn�dil Approvnl. Lender shall. if permitted by applirnble law And with the prior approva!uf the �__ �7... :•,,.��•
<br /> , � Secretary, require immediate paYment in full of aU the sums secured by this Security Ins�rument if: _��Y�
<br /> . , ,� �t:•�
<br /> , • �i)All or pan oi'the Properry is otherwise transfened lo[hcr thaa by derise or dex�rnt)by the Borrower, and " � �. ,.
<br /> (ii)The Property is nat occupied by the purchaser o�grantee as his or her primary or secondary residence,or the �i;=
<br /> purchaser or grantee does so u�:cupy the Tropeny but his ur her credi�has not been�pproved in accordance wi�h �
<br /> the requirements oi the Secretary. ��•
<br /> ,.-:�..• -
<br /> (e)No Waiver. li'circumstances occur that would permit Lender to reyuirr immedia�e p�►yment in full, but Lender ( . •_i_,,,.
<br /> • �'•,,,.,..�,• does not require such payments. Lender does not waive its�ights with respect �o subsequent events. j '�;n.;
<br /> � !. . . ,__
<br /> ' � (d)Reguls�tioas uf HUD Secrelary.In mt�ny circumstances regulations issued by the Secretary�vill limit l.ender's rights
<br /> • in the case of payment defaults to require immediate paymem in full and foreclose if not paid.This Security Instrument ,_ _t:Aw.._�y ,_,�
<br /> �� . . does not au[horize acceleretion or foreclosure if not permiued by regulntions oi the Srcretary. _. . , . _
<br /> �,. . 10. Rei�st�tement. Bar�ower has a right �o be reinstated iP Lender has required immediate payment in full because of• � _
<br /> Borrower's faeCurr to pay nn amount due under the Note or this Securnty Instrument.This right appl�es even after foreclosure : -
<br /> p�oceedings n�e instituted.To reinstate the Secrarity lnstrument, Burr��wer shall tender in a lump sum all amounts requ8red �:• � .�, .
<br /> ' ' io bring 8orrower's account current including. to the ext�nt they art obligntions�f 8orrawer under this SeeUrity Instrument. +,,; .. _,
<br /> ',i;�';;`;��f-'-;;`� tiirecbsure costs and reasonable and customary Attorr.rcy.c' irC�aii�2R�M:ii5C5 pTOFi'r!;.:u+OCl3lCL31YI!I:If!Y fi�!it�Y��11�t r��CCC�111C ��_.___ ____���,r-•U
<br /> ,�t � ,j?�- ' Upon reinstatement by Borroaer,this Security Instrum.n;and the obligations that�t cecures sha11 nmain in ePfect as�f Lender . ,
<br /> '•,,;�r1• had not required immediate payment in full. However,Lender is not required to permit reinstat�mtnt if:(i)Lender has accepted �,,r,-. , _
<br /> '���� reinstatement after the commencement af Poreclosure praceedings within two yeurs immediaa�:ly preceding the�omme��cement ; � �. -
<br /> ;�.�f;��:. �, ',�', .-
<br /> .,.<<;�-..,� of a current Poreclosure proceeding, lii) reinstatement will preclude foredosure on diit'et:rn �rounds in the future,or liii) �,�
<br /> �"��'""'�'� �� reinstatement will adversely affect the priority of the lien creuted by this Secu�it> lns�rumvnt.
<br /> ��".:;a3�..._ . � ..,(� ��
<br /> „ , �;��f; .. I1. Borrower Nol Released: �orben�nce B>• Lender Nol a Waive�. Extensiun ot' the time ot'paymrm ar modificution �.�. ., ,•
<br /> of umortizatian��f the sums secured by thi�Security Instrumem grunted by l.ender�o any successor in interest of Borrower
<br /> ,,;�.,.
<br /> �� � ;•':''� shall not opernte_te mleuse the liability of thc originAl Borrowcr or I3orrower's succcssar in intcrest.Lendcr shAll not bc required �° ;
<br /> ' � ' to commence pr.�:zedings ngainst uny successor in intcrect or refuse to e�ctend timr for payment ar otherwise modify amortization
<br /> • 4�� •�Y,,si;; • of the sums secur�d 1�y thas 5ecurity Instrument by reason of any demand mudr by the originul Borrower or Borrower's successors � , � ,
<br /> ' `�`�'���(�, ° in interest. Any forbenr<��nce by Lender in exerrising any right or remedy shall not be n waiver ot'or preclude the exercise of ,;;�
<br /> � ' ` ��� '" � �, anc right or remedy. '' , r �
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<br /> � � "�.' ".,.� �<<:;:.:,_ 12.Succex�ors s�nd AssiRns Bound;Joint und Severnl4iabilil�•;Cu-tiiRner�.The covenana.�n�agrerments of this Security ,
<br /> ��'�' `�'Y�!l�:;• Instrument shaEi bind and benefit the successors and assigns oi Lcnder and Burrower,tiubJect to the�ro�is+ons of paragraph � _,
<br /> �.'.��.:•.,:,..'� � •�','. � � 9.b. BorroH•ec's covenants and ugreements+hall be joint and scvcraL Any Borrower���ho «�-si,:ns this Security Instrumem
<br /> J %'��;`t�<;e-:'�.. but does not execute the Note:la)is co-signing this Security Instrument only to mortgage,grant and concry that Borrower's �,.'i:,. .
<br /> ���'." ''" . interest in the Property under the terms of thi�5ecurity Instrument; (b)is no� rersonally obligated �o pay the sums secured •; ;
<br /> by this Security Instrument;and 1�1 agrces that Lender and any other[3�rro��er map aEree to extend, modi�>�,forbear or make
<br /> � ' any ac�omta�c�ations with regard�o the term o(this Security Instrument or the Note �vithout that Borrower's consent. ��"�
<br /> ; .K�.= ,
<br /> ' " �'�� "" 13.tia9�es.Any noticc to Borrowcr pro��ided t'or in this Scrurit} Instrumrnt shall be giticn by delivering it or b��mailinc
<br /> :��1;��. ;:��- �•' �.
<br /> i�b�fisst t9ass mail unless applirablc la���rryuires u.c ol anothrr m.in+�d.The nnti:e sha11 hr dire.tcd io thc Property Addrrss ,
<br /> ;•�°•' ' r or a�ny �aiP���n:t�ress Borrowcr designat�c b>'nu�i.e i•.�l�nder.Any noticr to L.en:ler shall he gi�en by first clasr mAil to Lcnder's
<br /> uJ:l��ss sta��c!h:rcin or an>addre�+Lende�drsignar.cs h� notirr to Rorro��•cr.Am n���ice pmvided for in thi.Sc�urity Instrument �
<br /> sha�l be d�emed to haee bcen gi�rn i�,R��cn*.<<r.��1 endcr u�hcn gi.•en a.pn,�id�d i�n this raracraph.
<br /> ..;��., 14.Governio�Lvw;Se��cmbHit��.Thi�5ecurit� Instrumrnt.hall bc Eo�•rrncJ b� Fr.lrra�l:ea and thc la���of thr jurisili�tion '.
<br /> . in which the Property is localed. In thc r��ent that an}• prc���i+iun ��r clau�c of this Security Instrument or the No�e conalici�
<br /> with applicablc laa•,such�on�lirt+hall n�n affcci��thcr �xu��itii��n<<�I thi>tirrurin Irrmirumcm ur thc Notc���hirh ran be gi�rn
<br /> ,. effec� withow the cunllicting pru�i,iun. Tu�hi+cnd ilic pr�•�i,iuns ul thi, Scruritc In�trument and thr Notr arc declared tn
<br /> � , be scvcrnbk.
<br /> ' 13. Bormwer'z Cop�. Bi�rruacr .hiill h� Ei��n��nr�onformrJ �op)• ut tlii. tir�uru>� In,trumrm.
<br /> ' 16.AsslRnment of Rent�.Hi•�ra��cr un.andi�K�nidl> :�„iEm and tr,m.trr,tu 1 rndrr aU�hr rcnt.and rrvcnur��•f�hr I'rc��xrty.
<br /> 13orra��•er authori�c,l.cndrr or l rnJrr'.a�cnt,to cullcrt thc�rn1,.�nd re�cnuc,and hcrchr dirccl�r:�rl�tcn:tnt ol'Ih�Propert�•
<br /> to pay the rent�to I.cnJer��r I rnJrr'.:i�.rnt.. Ha��e�cr.pnar��� I cndrr'.ne�nrr t�� linrraarr ut Horra�+rr'. hrc•rch ui an>•
<br /> �o�•envnt ur anr�timent in thr yr�unt� In•trumrnt. B��rrr��rr .haU r�,llcii .m�l rrrri�r .�U rcni.and rc�rnur�ut thr 1'ruprrl>
<br />_ ..w...i..... . ...,� ,�,.� �.,,r :�„
<br /> ... . .. . . . ....:....... :::............ s..�...,.., _
<br /> A�ItUSIC@ tOf (hl' bl'11Ct11 U� (�Illll'f Jtld Ktttf�t\1C�. 1111�a����un�cw �n iiii�. �vi„�n.
<br /> ���. ...�......�... �..... .... .
<br /> assignment I�ur addiuunal +r�urit} unl>
<br /> I1�LCItdCI'gl�'C�Ilull�c ul hrr.l�h li�13urn���cr: Id):�II i�llh t�iC���d I�) Bi�tto��Ct�ILlll hC hCIJ h� lit�����«cr:i� Illl�l��I�tt
<br /> ' � hrnefit ot Lrndcr unh•. ta t�r a��plicd ti�Ihr•um. •eiurrJ 1�> ili.ti«uritv In.trumrm: Ihl I.ndct .h.�ll hr rntnlrJ n+ �.�Ilrit
<br /> ' and re�ri�•c aU af thr rrnl�ul thr 1'r��rcrt>:;�nd Ic 1�a:h�rnam ��t thr 1'n�pri t� •haU ��.�� :�II rcnt..fur anJ unpaid w t rndrr
<br /> 1 � ur Lendrr', agcn� �,n l rndrr'. ��riucn dcmanil��� ihr tcisiut.
<br /> � t �
<br /> Borro��c�ha,iwt r�cculrJ an}•priur a••i�:nmrni ul thr rrnt�auJ ha,n��� .in.l��dl n��t�•cil.�im.ui> .i.t that ��,,uIJ���c��uc
<br /> 1_rndcr from c�er:i�ing u� ri�ht�undcr tl►i� ��ar.i�r.�ph Ih.
<br /> � Lender•ha([�t��t t+r r�yaiscd tc,rntrr urrn.�af��:��n[M�IH�R itld[t1I.lI[� '.�t�'�'"r.`�•CI[�FtC1i4C��I .111�t �'I\111��ll�U�C�•• 6"[<d.'-1
<br /> � ,
<br /> . •�, j (U HITffPNCQ. N��Nt\Cf. Il'RG�Ct ieC ..l j'R�I[�IdIIt J��.T��tR[t�PC�aI��C tLIJt ,.1J •' d( .tP.� 'CI't I�ICtI'I� .1(`ti'f1i�L �II\ �•,`C�'.d(:•'1'.
<br /> •�, Uf rent. 1hJE� IIOf �UCc O�N;fRC Jc[t �ICI':f13�( l�f IP�dI1�Id[t.1[lt NCrldt r(.1�1[ .�• r�t[i�.:� . � �.:Ili��f- ��IN .I•Nt!II�IIC�Y �.• ...Ctt. �•;
<br /> , •;�1:�:.'.' the Proper[y .hall I�tat�nate��hcn ch�dCht .r�ur�J h� th� ��:urrr� 1[�•nurn�rr ,� ;�.t�.t u tidl.
<br /> . i�., , .
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