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<br /> , _ - _ --- �.Gronds fo�Aa.Mnt1.�or u.w. 9�" t';..._�. -�'"'�-- _
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<br /> � (�1 p�twq. �,mder roay.e�ccept o Wnited by re�ulationi I�sual by tha Secrel�rY la the c�e ot p�yment def�ulu.rcquire
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<br /> � + ima�edlatt payment lo tuU of dl sums�ecutrd by thb SecuritY 1��+�t if: �-=
<br /> � (i)Bortower dehulu by taUin�to p�y in fuU�ny moathiy PaYm���Muired by thb Saurily Instrument p�lor to or on
<br /> , ' . the da dau ot Ihe next monthlY WY��•o� _'_
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<br /> (U)Battowa def�ulb by f�ilGy.ior R perfod of tbirty daY+�to perform my otha oSliWion:rnntdned in this Security �Y =-._
<br /> � . • Instnimeat. � .,,�:.,,�.�.-�
<br /> ,..f uf 1he Secrciary.�oyu�ra � :,•v..,,v�:._��
<br /> (b)&I�WM4aA Cia3it App�d.Lader rh�U,if bY nPWi�b��w aad withh die pria+pProvd :�,M�. - -
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<br /> � �� �P�Ym�+t in full of aU 1he swro�ocwed thii Savriry Im�++t it: �=:.'?--'�`=.-"--�,
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<br /> . ... is ahenvice munterrod(aAa U►ao by drvise or daceitl bY ihe Ba�mwer.�nd .'`r._°.:�;. , -
<br /> (i)All ar pn of ihe P�opetty c i . ... . .�"fn��
<br /> � i 1 �• b not aocupied by tho puehaur or g�a�aee ai his ar be�prLnsry or seoo�d�q'�e.sidenoe�or the purchuer or . . ,.�A:•'•�r:�"�':�„"�.''L;
<br /> , , ' llil'nb Prope�ty 6�r nis ar r�er c�dit has na b���acnord�nae wwi�he roqui�ana�or d�e secronry. •r• '.
<br /> g�ntee 8oa�u oaupy�he PmQaty : :.<< ,`� .`,�
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<br /> (c)No W�in►.If ckcumct�nces occur that wauld permit Lender to�equire immediatePaYment in full,but Lender does not •,�V_.�,. •-.• •-�-
<br /> roquirc such p�Ymrnts�Lender das uot w�[ve it��iahts wi�h raPect to su0sequenc evenu. '�.'�':"'�-�'�'"`
<br /> wilt Iimie Q.endePa tights,in j �1` `
<br /> ., (�►ik��IM�ot HUD S�eretu7.Ba mateY circumstanra rcYu4tions fsstted by tRe SecrewrY �
<br /> ' ' ede case oP paymeat dei�uLts.to aRecire uaaediote paYment in full and forec{ose if aa paud.This Securicy In�trument doa �;Y��,...�, -r-:r,:--
<br /> • niot wttwrize pcekration or foroclosure ii not permiued by resulatioav of�he Secretary ,:,'�,:�;L���
<br /> � �� . .
<br /> N. p�k�ep, Borro.rer has a riRht to be relastuai iP Lender h�s requi�ed imu�ediatc P�Y��n after foreclosure '' , . .�+�:-.
<br /> • Bor�ower's failure a p�y aa amount due under the Note or�his Socurity lastrument.77us riYht applies ,
<br /> � proceedin�s are iinaituted.To reinstAte the SecuritY lastrument.8orrower sFeall tender in a lump sum a!E amounts required to , . '�=�!":
<br /> bria�Harrower's accouat current includin�, to the extent they arc obl�andons of Borro�+er unde�teus SecuritY Instrument, '� �� � � • •�x•,
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<br /> forscloaure costs and rcasonable and customuy �ttomey's fea oud exPenses P�oP��Y ���� �'�h the foreclosure ; .'ti���r;. , '. _
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<br /> �rocadia�.Upon rcinslatement by Borrower,this SecuritY�nstrument and the obUgationa Ihat it secures shaU remoin ia effect as ,•� �
<br /> .� ....:_
<br /> if Lrnder had noc required immediate pay�aeat ia iNQ.However,Lender is not required to permN�einstatement if:(i)Lender has •• �:, � ��',_
<br /> acapted reinstatemrnt after the commeneear.:nc of foreclosure proceedfngs wichin two years immediately preceding the ' '�•, � ��{�'=
<br /> commeaameat oir cunent forcclosure prv��eQi�g,(ii)rcinstatement wiU preclude foreclosure on d'cCfi,•rtnt�rounda in the . , J;:;��x=
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<br /> � future.or(iii)�einstatement will Adversely aGt;�ct t'ha priodty of the Ilen created by this SecuMy Irtstesa�e=r.t. b ,?.�;"�;:f;
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<br /> I1.Bonowa NW Itdeased;Forbean�ce By l.eader Not�W�er. F.xtension of the time of payment or modiflcxtion of F �,�;.,.x,, ���.
<br /> amortization of thesums secured by this Secu�ity Inatrument granted by Lender to any success«ir intercst of Borcower shall not , j ., :"'±=
<br /> . operate to�ekASe the ilabllity oi the o�iginal Borcower or 8orrower's successo�in interxs�.l.+ender ahall not be required to ' .��.,,.,, �� ' •
<br /> commence proceedinQa+�sinst anY guceessor in incerat or rcfuse to e�ctend�ime for payanen!or otherwise modify amortizntion I. l,
<br /> of the sums secured by this Security In,trument by reason of any dema��maele b!:t'hr original Bonower or Borcower's ;
<br /> �, . auccasors in interat. Any forbearance by Lender in exercisinQ auy dQiit or r�r:�s..a:: r.c:bt s welvtr of or preclude the �,� ,�_.-
<br /> ,..� e�ercise ot any riQht or remedy. � � �
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<br /> ',,;,:: �' Lr.5�ecewq�s ud A�o�Boaedi Jotol aad Se�en!I1abWly:Co-SlQaen.The Crv¢na�;�und agraments of this Security � �, , , .
<br /> �`''� < ' ln+�rumena sta7�biad and beneRt the succasors and assigns of Lender and Borrower,eu'Djec:to Ihe provisions of paragraph 9.b. ,.
<br /> � Bonower's�,oti•<<nuics an d agreemen ts s h a l l b e S o i n t e n d u v c r a l.A n y B o rcower who co-si gns this Sccurity.lnstrument but does ,,�,:�•:.: •
<br /> � � not exceute the Note:(a)is co-siBning this 5ecur+t?+Instrument anly to mongags,grant end convey�haR�rrower's interest in � �
<br /> the Property under the terms of this Security Insrur�ent;(bl is not percon�lly obligeted to pay the sums aecured by this Security , , �,ri:,�
<br /> ' Imtrument: nnd (c) agrea that Lender and any a�fier 8orcower may agree to ea�end, modify, forbear or moke any �� ��• '"i"
<br /> � , �
<br /> accommodatlons with reQard to the term oP this Securit>I:u�rument or the Note wfthaut that Borrower's consent. 4 '
<br /> • � 13.Notica.Any natice to Borrower provided for in this Securi�y Instrument shall be given by delivering it o�by maiUng it by t '
<br /> ' first clacs mail unless applicable law requircs usc of anothv methad.The notice shall be dfrected to the Propeny Address or any ; .
<br /> ' other address Borrower daignates by notice to Lender.Any r.nUce to Lender shell be given by lirst class mail to Lender's addtess
<br /> stated hercin or uny address Lender designates by naice�o Bnrrower.Any notice provided for in this Secu�ity Instrument shall �
<br /> y:7,. . be damed to have been Qiven to Borrower or Lender when g+�•en as provided in this puagroph. • ��'' .
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<br /> � �F� � � '�� � 14.Go�erdRg I.�w:Sever�bWly.This Securily Insirument shall be governed by Federal law and the law of the jurisdiction in •
<br /> ' ,, .�,� � i ��:r .• . r....
<br /> ,` which the Ptopeny is Ixated.In the event that any provision or clouse of this Security 1 nstrument or the Note conflicts with ap- • •
<br /> ••'��' ! p4cable law,such contlict shall not uffect other provisions of this Secudty lnstrument or the Note which can be Biven effect
<br /> � • • •j.���';; �;' without�he conflktin�provision. To this end the provlsions of this Securiry Instrument and tfie Note ue dcelared to be '%��l,, .•
<br /> severable. . �
<br /> ;��:;� . . ` ;,..
<br /> '.;1�;.,' .`�4, is,Borrowe�'�Copl.Borro�•er shall be given one conformed copy of this Security Instrument. �,., .
<br /> ,+,,�,.' i• '. -'
<br /> � • ` '�•.�',,� 16.Adgomeat of Reaea.8orrower unconditionally assigns and transfers to Lender all ihe rrnts and revenues of the Property. .
<br /> .i ti '�'�;+,, . Bonower authorius Lender or Lender's agenit ta collect the rents and revenues und hereby directs each tenant of the Property
<br /> � • ;'4 f �•'; to pay the rmts to Lender or Lender's agents.However.prior to Lender's notice to Borrower of Bonowe�'s breach of any cove-
<br /> �' � r ;�ti.�� nant or agreement in the Security Instrumrnt,BOiTOW�T;hai:collcet and receive all renss and ttvenues of the Property as uustte .
<br /> . • Eor the benefit otLender and Borrower.This uuignmem of rentsconstitutes an absoluteassiBnment and not an assignment for
<br /> ad�itianal security only.
<br /> � !f I.endesgives notfce oi breach to Bon���er:la)all rems received by Borrower�hall be held by Bortower as trustte for benefit
<br /> r:•, of Lender anly,robe applied ro the sums ucur:d t+ythe Security Instrun:am:(b►0..ender shallbe entitled ro collect and rcceive a11
<br /> ' ;7� ot the rents of the Property;and(c)earh�enan�of the Pro{�eny shall pa}a:l rtn:s d::e and unpaid to Lcnder or Lender's agent
<br /> . cn Lender'swrinen demand to the tenant.
<br /> ' "��' • ' �� �� Borrower has not exeruted any prior assiRnment of the rents and has not and wi;� no: ,�erf.xm any uct that wowd prrv<nt
<br /> � ••,,'�-• �;�;�` Lender irom exercfsing its righls under tfiis paragroph 16. ,•
<br /> `�f,:.i: '
<br /> • Lender shaL�nat be reqwred to enter upon,�ake control of or maintain the Pmpeny bei ore or ufter gi��ing notire oi breach�o ,"_, ,
<br /> ,•;, • Borrower. Howerer.Lender or a judici�liy ap�ointed receiver may d�So at anc iirne there isa breach.Any npplic+tion rf rems
<br /> ���� � shpll not cure orwaive any default or in.•a:idate any other right or remedy oi l.<nder. 7hi+usignment of rma oi ihe Pro;xrt}
<br /> shall terminote when�he debe secured by►he Securiiy Ia,:J:+r•.eai �s�ai�Sr. :c:J. ,
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