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<br /> . ',,�:,�t��^ �°� �.('.�M�for Aoni�eatio�ot D�1. �-�._---
<br /> -'�°•�y:.;..�..,... : (�)p�{�.��Y, q�eept�s tlmited by refu4ulan� iuued by the Socretary fu the ca:c of p�Ymem dehult�,require �=;•._-,- .-.,�_
<br /> � .,;�;• ' immed[rte P+►Ymmt ta fuA of tll wm�seeur�d by this Secudty Inarument if: �,r;;x�,._°•
<br /> ,. ' � d (i)BoROwer def�Wu by f�ilin�ta p�y ie fuU�ufY monthlY WYmalt roqulred by thl�Socudly In�tn�ment p�tor to or on �—
<br /> � the dus due ot the�ext monthly p�Ym�n�.o� "-°
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<br /> , ,:.'�:.:� (ii)Borrower defaulu by fulina,for�pedod ot thi�ty daYi��o pe�form�ny other obli�ation�contained In thi�Secu�i�y •�-^,�.__M .
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<br /> . � � Instrumrnt. ��shaU��P � by ap�lkab�a low and wlth the prlor approvd of�he Secrc�ry.raNU° � v,:„, � t.^�,� .��
<br /> �.,;;:t,,.. (k3;�le WNtaat CredM Ap{�+or�l• �!�!� _ �
<br /> ��.WY�in A�U af aU rho w�ro�ocwod u1'�nu SoauitY l�u�unent iF. __
<br /> . , (i)All or p�rt ot tite Pr�npanY is dherwise tra�farod(atl�u ttun by deviw or d�cer�l by 1he Bormwer.wd =-= �„s�'�
<br /> � .. ' (p)'Rie property is na occupied 6y�he purchase+ar�a�taa�hia or hor primar)'or iecond�ry residenoe.or�hc pwrhner or ` � � ������.'�'}�'.,
<br /> �a�ee dop�o oo�,ypy�ta Ptaperty bn hb a her c�odlt luf nat beai q�oved in aao�d�noe with Ua nequiranars of ttie Sornaary �
<br /> � (e)No W�i�er.if circumstanca occur iha�would permit Leader to requia immMG►te payment in full.bul Lender doa aot `;:y!3',.*�`'►':'y'�:.
<br /> � ' roqutre such pRYmenu,Lender doa not�raive iu tiQhu with respect to subsequent events.
<br /> (d)Re�i�ot���.In maaY circumst�aces�ulations issued by tde Sec�etary wip Gmit 4ende�'s rights,in
<br /> � :� �t% - the case oi psyment detaults.to requi�e immediate paYaemt ia fuU and forecbse ii na paid.This Security Instrumant daoi „„g•-;.�.,ti� ,�,,�����
<br /> �`�`."` aot authoriu acakw�ion w foreclosurc if ac�t permitte�by a�ulauaas oi the Secretary. �,':°�i;,::;;,��f�;�•;.
<br /> r'`•S'�;:^ .
<br /> %;•,;+,�7���'","�y N. ����, ���y�h�a�i��to be reinstated if 4eader has required immediate ps�yment in full becs►use of �`r'. -- "�+;•'� •`�
<br /> ;`�""° Borrower's tailwre ao pay�n amount due under the Note or tteis Security lastrumen[.This riSh�APP��s even after forccbsurc
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<br /> �'� ` proceedings are 6r�tituird.To reinstate the Saurity Instrumeai,aocrow�cr shaU tender io a lump sum all amounts requircd to �,� -,t,,�„--
<br /> �+s .
<br /> brin�BoROwu°s acrouot c�:c:ent includinQ,to the extent they are obli�►tions of Borco�er under this Secu�ity Instrument, •;���
<br /> '�.''`':�'' forecloiurc casus and reanonable and customary attoraey's faa and expenses proF"er�y associat�d w��h the forecbsure , �
<br /> � ��'ir.t.'•:;'"� -� procadlug.Upoa reinswtemmt by Bortower,this Secudty lnserument and the obUgations that it secures shall remain in effect as ���
<br /> �''��`•'�>>}� ,�' ff I.endu had roz tequired immediate payment in NII. However.Lender is not requircd to permit reinstatement if:(i)Lender has '� . . �
<br /> J� . �• " '+�, accepted rein�tA�emmt t�fur t he wmme n a m e n t o f f o r e c l o s u r e p roceedin Q s within two years ini►aedia�ely preceding the � . .,.;.`
<br /> commencemrnt of a wrrent foreclosure praeeding. (ii) relnstatement will preclude(oreclosuie en Aif:1'crent a�ounds In the •:;� ., : .:�- --
<br /> , i. . � futurc.or(iii)reinstatement wiU adversely afiect�he prio�lly of the Uen created by this Secct.i���Ina�crua:F:nt. , �
<br /> "�`t s:4ie-'�t . ���� � .s',i:�i!,;_�•;'
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<br /> ����-�','!;," ��• �`�� �l,Borroaer Not Re{me�l;Forbeannce By Le�der Nol�W�1ver. Factension of the time af payment or modiCcA�ion of •. • �:�{�:�-
<br /> � ';��.4''.':�:
<br /> ;`•,��•,:�:,,� r,+,,s���' amonlzation of the sums etcured by this Secudty In:trument gr�nted by Lender to any aucc�s�or in intercst oF Borrower sheU not _ -
<br />- . :,��.- .,�. �'�t�<� operate to relet�se the Uabdity of the original Bonower or Borrower'a succasor in fntercst. Lender shall not be required to —.--_
<br /> .�,i:: . l,;' ' "1;�;: . '• commenee proctad3ngs a�aiast ony suceessor in interest or nfuae to extend time for payrnent or otherwise modify amortitation �;r�•_�
<br /> � '7��� ..,� of the sums stcurtd by this Secu�ity Inatniment by reason oF any demand made by the original Borrower or Bonower's r�..-
<br /> _.I�;� �.r� �'�,r•l,,4�'...�c.;,
<br /> ' �'�.�;t;,�•j '; �'±;,::.���' aucxessors in ini«ra6 Any f�rLe�tat�ce by Lender!n t!tttthit►g ony�igh�or remedY�hai1 not be a waiver of or preclude the � r�#�
<br /> , ��'.,•.. ,i�.� �•i:. :• �`: 'ZisN-_
<br /> •.• �•�;,;r . ,.,,•,,:.,. . exacise of any r1�ht or remtdy�. �..s
<br /> • �.�• ;� /,cur.,.t•,.1 ' �
<br /> • ,' {':i•�.;';��' �'+!r` 12.3�ctaqot��rd Assl�as Bon�di Jolnt��d Several Q.i�b7011y;Co•SlQaers.The cov2r.r�nts and agrcements of chis 5ecu�ity �•, ,
<br /> ''' �•� •�' • Instrummt eC�.ad�bind and benefit the succcssors and assis�of Lendcr and Bortower,su'b;cet to ihe provisions oP paragraph 9.b.
<br /> �� � Borcowa's cavenanu and agraments shalJ he joim and several.Any Bortow•er who co-slgns this Security lnstrument but does r ' ;
<br /> not eaecute tho Notr.(a)is c:r•signing this Security Ins�tumrnt only to mortgaBe, grant pnd comey thaa�oROwer's inurest in � � �,';�,• ;�•;
<br /> � ths Property under the terms ot thls Security Instrument; (b!is not penonelly obAgaled t•o pay the sums secured by Ihis Security ', �: .
<br /> • �� U�nstrumenr and (c) agrea that Lcnder and any other flartower mey agra ta e�tend, madify, forbear or make any �'I,; ':'•'+�
<br /> � accommadations with regerd to the[erm of this Securny Instrument or the Note without�hat Borcower's consem. .�`: �,
<br /> � 13.Not{ca.Any noUce to Hor�ower provided for tn�his Security Instrument shull be given by dclivering i�or by mailina it by
<br /> � fint class mafl unless applkable law requires use of another method.The notice shall be directed to the Property Address or any
<br /> ' other address Borrower daiQnntes by notice io Lender.Anynotice to Lender shall be given by f irst class mail to Leader's address
<br /> stated hercin or any addras Lender daignates by notice to Bonower.Any notice provided for in this Security Inst�ument sh�ll •,,,..
<br /> be deemed to have been Qiven io Borrower or Lender whrn eiven as provided in this�tua,�aph. ' ,
<br /> � U.Gorerelas l.aw:Serern�lUtM.Thfs Security Instrument sh�ll be governed by Federul law end the lew of the jurisdiqion in ,
<br /> �!' which the Pro�eray i�locnted.In�he even'that any provision or clnuse of this Secudty Instr�ment or whe Vde wnflfcts wlth ap� ,���r� ' ?;•..,
<br /> � plicable law,s�,c�con�:itt�hal1 not t+tfrct othmr provicions of this Security Instrument or the?lote µhich ean be given effect ,
<br /> ��•• �'' without the con111edna provision. To tfi�is end�he provi�ions oi this Security Instrument and thz Note are decltued to be � I'������•• �
<br /> `, �., ,,;;�,_ ,
<br /> '',��.. • , severable. �•
<br /> �� ..
<br /> ��•� � ., 1S.Bortu�e�'a Copy. Borrower shall be glven one conformed copy of this Securi�y➢astrument. � ��.��• �
<br /> ,..: ,,
<br /> , 16.A�ig�weal ot Reau.Barruwer unconditionally assigns and transfzrs t;4ender all the rents and revenues of the Propeny.
<br /> Borrower av:ha:i2ea Lender or Lender's agents to colket the rents and re�enues and heraby directs each tenant ui Ihe Propeny �
<br /> `:•.',�':' ;� `'•. .. to pay the rents to Lend�r o:1 ender's agems.However,prior�o Lender's nntice to Borrower of Borrower's brcach of any cove•
<br /> %. nant or agrament in the Security Inctrument,Borro�+•er shall collect and receive all rents and revenues oP thc Property as�rusta
<br /> '' for�he be�eCu of Lender ond Borrower.Thls assignmen[of rents constitutes an absolute usiYnment and not an assignment for .
<br /> additiona�se:�:ity only.
<br /> � If Ler.�e:gi4•n notice o(breach to Bortnuer:la)all rentsreceived by Aerrower shall be held by Borro�ei uc trustee for benefi� � •
<br /> � ot l.endr-nr.n:,to be applied to the sumy t.•:ureJ by t he Security Instrurr.�n::(b)Lender shall be enti:IrC��collect and reccive�1l
<br /> �Y�the t,m:s of the Property:and Icl each tenant of tl�e Prope�ry shall pac 311 rents due and unpaid to Lender or Lender's ager.e
<br /> . a�� 1 endrr's wri�ten dcm�nd �o the tenunt.
<br /> �Jarr�wcr has not eaecuted any prior assfQnment ot the rencs and ha�r.�•�A::� wa2:�":.:Perform any act that wou:�rce�mm.
<br /> � Lec�r::es ir•a�.e�ercismg its rights under this puragraph 16.
<br /> • Lercu-��:.al(not be required to enter u�wn,�ake rontrc�l ot or aca�ceu,:::he Y���me�cy befare or after giving notice of breach io
<br /> • Borrowtt.Howevet,Lender ar a judi�ially opp�lnted rece��er Rav du�� a:a�,y tErrt there i5 o breach.Any applicatiun of rents
<br /> ' shaG not cure or wai�e anp d�fault or invalidatenny orh�-rrr�[tt ar rcmedy ot Lert���•r T"is assignment of rents of Ihe Pmperty
<br /> � �• sholl tetminate whea tF�e del�<<ecured by the Securtty in�srament is paid in 1'up.
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