|
''' � ���a:y``�1. 1i� `���� ����,,�,y1y-��S�}I{�:i. }� S. .. . j i' ..,:: , �',• _.,.,1 .'�� _ rr !�: -
<br /> . . � �P�1-5 � . _ � '���. �l�U°�7n'��L' -IJ�'A' '�'4�.� F•C' s'�Y`�frl'1'�'"..r. . � . �- - .,� '�„r.:'-
<br /> .•... ..ti: +�5'a rF'9'4E9Ph'4f�tt� � i��ai+T: .c-�r�- ,N.,,d�u,J
<br /> . ,�,•�• ►! �ta vw �v�.� ;�+.'��s+�+w..N.t.iX•w+r Ll':t.P¢..•
<br /> ..I
<br /> . ; � "!'t41��vtti`�hrtc:'+�� • � I . -_ �
<br /> � r.,-��
<br /> - . x.�i6A:.-
<br /> . . -'".s�r"=.-
<br /> - �t.n,� . ....._.__. _—_---_
<br /> . . -_.�.� �r W�YiY��� .,..
<br /> - _ _'..,....��..._._.�.:.--y' _
<br /> 90 10 739 Z �"��-.----Y
<br /> y � A.�.��.u.�� M7i:.,�.'{��`r`�-�.
<br /> . !�Gror�f�r AccsLietbr oi ikbt. � � . :s:.:�� '
<br /> A�.: • �t ,..
<br /> (N pfpN.Lender may,eucept�u Amited by�eyulatiom Wued by the 3ecretuy in the c�ue of paymrnt def�ulu,rcquirc �� •::::`,•._��._._�
<br /> ;.�.....,,.�,,,,-;,� ,._ ,.:...,
<br /> . .; . � : imnwdWe p�yment lo full of dl sumt�ecurod by this Secudty Instromrnt if:
<br /> � .•� n,,'1,, .., . Et+`tri:::a==��.
<br /> � qI 8otrower def�ullt by taillna lo p�y in NII my moathiy p�ytne�1t requfcal by thi�Security tnttrument pdor to or on
<br /> „ •;i. . � the due d�te at�he neat monthly payrtKnt,o� —
<br /> '.�;. pi)Borrower def�ulp by f�flin�,for�periad ot thiny d�y�.ta parform�ny other obli�atloni contNned ln thb SecurltY �.'-`_"���
<br /> � � InstNmen6 —'�n�^�r----
<br /> j (b)S�ie WMLoM Cnedit Apprc.v�l.4cadcr d�ll,ifp�nivad by Applk�ble law atd whh the prk+r�ppnwd ot�he Secreluy.nequire _:_'�`';-- _�-_-:.- -
<br /> � MmediNe paymeat in ftip of all the wms�ocured yb thia Socudty Irouummt it: :--=:._--
<br /> I ',i'�--
<br /> � (il All or put ot U�e Praperty is ahenvko a�fared(at}rct ttun by devise ar d�samll bY the BaROwer.�nd .�..,:fy±?�'�:
<br /> , . .�'_�
<br /> (ii)71�e Prope�tY i�na1 oocupied by the purchaser ar Qnmtoo�s hi�or her prM�ty a aoondary raideooe.or�he purchate�ar ' . "
<br /> - QnuMOe das w aonipy the Pooperty hut h4 ar her ciedk hn not beea�ppawed'w aeoo�dmoo wqh ihe requirnnaM+af d�e Secnury. „ •
<br /> ��
<br /> "� �eq��iu�ch p��ymeo s,�Leader d u n t wdve its�ts with rapec�t to subKq�u�eint evAen aent io full,but Lender doa not � �•:"�+735i+'!;_Xl�)['
<br /> d HUD S�arehrY.lm m�ay circumstanca rcauuUom issued by the Secretary wfll limit Lender's�lgh�a,in i . '
<br /> • . (��RKrhliw� �; • .
<br /> cho ca�e oi p�ri�eac defaulu,co�equire immediate payment in tull and faralose ef�ot paid•7'his SecudtY�attruoxn�das • , .
<br /> wt authorexe roorieratioa oc forecbsurc iF not permitted by�eaulations oi tae Secretarlr• �t : �-. "
<br /> , � :si::':.:;•.' .. .
<br /> H. RdW�r�f. Borrower has a riaht to be reiiutated if Lender han requircd immedFate payxnent in full beatuse of � ,.;f . �.� :.,;.,
<br /> • ,,:•; :' ;' Bortoaer's fiilure to p�y an amouat due under the Note or this Secudty lasteument. This�i�ht appiies even a6ter foreclwure , .��<f�►�;r"�"
<br /> � proceedia�are insdtuted. To reinstate tlx SecurhY Instruaiea,Borro.rer slwll tender in a[umP aum ali amounts nquired to 'I: , .�`� ``.,��;:::`;:•
<br /> . .:r��, • briaQ Horcower's ucount current includin�,to t!►e enteQt they ave obli�ations of Bonrow�er under thit Security Instnument. , .": ;,, Su�
<br /> . ..`fi. :�'• foreclosure costs and rwsonable ond cuatoeaauy attoraY's fees ac� expenses RroP�l. associated with the forec9c�su�e i ;�.::.;,. .:.��_-`
<br /> �;1',��;�.�;I' procadina.Upo�reinstuement by BoROwer.this Securiey losenument and the obligatians chat i�securea ahall remain in ef4ect as � �
<br /> .,�,„•_
<br /> ;:'�o��• � if I.ender had not�equired immediate payment in full.However,Lender is not�equired to permit reinstatement if:(i)Lender has ,
<br /> � , . .�•+�!, ��� � acapted reiaatatement after the commencement of torcclosure proce�dings wi�hin two yeara immediately preceding the f ; - .
<br /> � i_� ��;;�"',; , commenammt of a curtent foreclosure proceeding,qi) rcin:tatement will preclude forcclosure on different �ounds in the ,..,.
<br /> �,�, .;. • �;�;,. •����-•�.�� fuwre.or(iil)rcinnatement will radversely aifect the prlority of the Ilen crwted by ttni�Security instrument. � ,:;r.� �.''��,�
<br /> i�1, t, � �:�`�..
<br /> ' '"�°':'7 „ 11. Bonower Not Rek�ued=Forbauuce By I.eader Not�R'drei.Eatenaion of the time of payment or modification of '- •
<br /> �l�:;,�� �: .,:�,� . ,1�.� . �i•;
<br />- �'�� :•�"� -f'��." amortizAtion of the sums secured by this Secudty Instrument granted by Lender to any succasor in interest of Bortower shell not ,
<br /> ��'.��` � �� operate to releaae the li�billty of the ad Q inal BoROwer or Borrower's succasor in intercat. I.ender shall not be requircd to { ,,
<br /> ' , �.�;� ' " commeaa proceedinQs againat eny suecasor in interat or refuse to extend time for psyment or otherwise madify amortization I
<br /> r;��:?:',.i..°a: of the sums secured by thii Secudty InstrumeN by re�on of any demand macle by the o�iginal Borrower or Borrower's
<br /> • ��'"`�`�-_—�-- s u c c s}+s o r s i n i n t e r a t. A n y i o r b e u a n c e b y L e n d u i n e x e r c i s i n g a n y d aht or remed y shall not be a wAiver of or preclude the
<br /> �: . ��-,:;:
<br /> �'��:�:;:i'" �' exercise of any right or remedy. [ �'
<br /> � . ,;�;: ;:.:� .. ;:k�_
<br /> i� ., .�
<br /> � 12.3accawre wad AaiQw Bouodi Jolnl�nd 9e�end Ll�bllity; Co•Slgaen.The covenants and agrccments of thia Security �
<br /> ' �, Imtrument iheU bind and beneflt the suucssors and arsigns of Lender end Bonower,subjcet to the proviafons of paragraph 9.b. ; ,
<br /> ' ,� . ;�,: � Borcawer's covenants and a4raments shall be joint end several.Any Bonower who co-signa this Sxurity Inurument but does 1
<br /> , .
<br /> not exeeute the Note:(a)ia co�algning this Secu�fty Inurument only to mortgage.grant end canvey Ihat Borrower's interat in i
<br /> � '• the Propeny unda the terms of thic Security Instroment;(b)is not personelly oblieAted to pay the sums sceured by this Security �
<br /> , , ��.;;'��•.,: ��. Inatrumrn*: and (c) agrees that Lcnder and any other Borrower may aBree to ex�end, modify, forbear or make any
<br /> • ����' , . accommodations with re�ard to the tenn of this Security Instn�ment or the Note without that Bortower's consent. `
<br /> . � , I
<br /> �.� ��. i3.Notica.Any notia to Borrower provided for in thia 5ecurity Instrument shall be given by delfvcring it or by meiling it by
<br /> tint cl4ss m�il unlas applicable!aw requfres use ot another method.The notice shell be directed to the Property Address or any j
<br /> ' olher addreu Borrower desi�nates by nwice to Lender.Any notice to Lender shell be given by f int class mail to Lender's address
<br /> atated herefn or any uddress Lender dalgnata by notia to Borcower.Any notfce provided for in thi�Secu�ity In:trument shall I
<br /> � be damed ro nave ban�iven to Borrower or Lender when given tu provided In this parag�aph. �
<br /> � ' 1�.CovemWg Gw;Sever�bWty.Thfs Secutity Instrument shall be govemed by Federal law and the law ot the jurisdicifon in � '
<br /> �� �}; � which the Propeny is located.In the event thet any provision or clause of tbis Secudty Instrument or the Note conflicts with ep� ,
<br /> �,.�5,�� � pticable law,such conflict shall not affect other provisions of this Secudty In:trument or the Mote which can be given effect
<br /> ,�;'•: `';'(.' � without the confUctinQ provfalon.To this end the proviaions of this Security Inscrument and the Note are declered to be �� '
<br /> ;',;..._�,�. severabk.
<br /> ��;:,.. ,� .
<br /> � �'��,�!�"-? •. ,.�.; LS,Hot�ower'�CopY.Bottnwer shall be 6iven one conformed copy of�his Security Instrument. �
<br /> ��1 �` ,� �'� • 16.A�lgune�l ot Reets.Bon�oaer unconditionally as.�igns and transY�rs tn lender all the rems ano revenuts of the Property. , �
<br /> :::r,:...,..
<br /> •' � ktorsower authorius Lender or Lender's agents to colleci the rents and revenucs and hereby directs ench tenant of the Propeny •
<br /> �•..; .,. ••'
<br /> ;;;;,;:.._;� to pay the rents to Lender or I.ender's�genu.Howtrer,pTior to Lender's natice to Eonower of Borrower's breach of any cove• �,
<br /> '�.F�:::• �� .nant or egrament fn the Secudty Instrumem,Bortower sfiall cellect and rcceive all renas and revenues of the Property as trostee
<br /> ., �,;;,, �+ .
<br /> �'�.�) .,�,.��.,t... - for the benefit of Lender and Borrower.This assignmrnt of renu constitutes an absoiute assignment and not an assignment far ., ,
<br /> , „ .:� ,�`;::.j!�'.:.: ' additional sccurity only. ,
<br /> �� ;`�>`;�'�`•�•� '� If Lrnder gives notice of breach to Borrower:la�all rrnts received by Borrower shall be held by Borrower as trustee for benefit
<br /> • " � ���'' of Lender only,to be applied to the sums secured Ay the Security Instrumenr,(rl Lender�ha11 be entided to collect and�ecei��e all '
<br /> �' �''�`� �,� ' ot tfie rcnts of the Propeny;and(c)each tenan[ef the Peopeny xhall pay ai!rems da:e an:!:�apaid to Lender or Lender's apem ,
<br /> . ' �;(�;;. � :.� on LendePs written demend to the�enant. .
<br /> , , �'�'� Borrower ha�not exn:uted any ptior assignrnen�of thr Ttn7s and ha.s no� and wilt r.�:3+erform a.^_y act tha�would prevent
<br /> . . ; .'� Lender irom ezercising its nghts under tt�is�a:agraph 16.
<br /> �. Lender shall na be reqwred to enter upor.,t�(�e control of or maint��n the Property betore or aiter g��int aotice oi bteach to
<br /> ' 6orrower.However,Lend<t or a judicially�Lppointcd receiver may do so at any ume�here is a breach.Ar.}a�plica��on t�P rents .
<br /> ' shall not wre or waive any default or mvaGdate any otfier rigHc oc remedy of Lender.1'hi�acsignment ot rents of thr Pro�erty .
<br /> sf�aU tertninate when lhe debt secured by the Security Insivument is peid in full. .
<br /> �
<br /> I
<br /> . �
<br /> � s
<br /> .,
<br /> i /�J¢P S nl 1
<br /> �
<br />
|