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<br /> ;"'� ' . (�I IMt�N.LanAer m�r�c�cep��s Ilmited I�y►e�uWlau iuued b the Secrct�ry ia tUe we of yment det�ulu,roQui�e �'>�`��,`"�"`::'
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<br /> _ '+,,...�:- '. lmatedlue p��ment in tull ot W�um�teeurod by tlilt Saurity Instrummt if: : .�
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<br /> '��'�- ' p)Bottowa dehulu by failina la pay in fUU�ny monthlY piyraebt rc�uind by th4 Security Insuument prior to ar on �",;,:.=�--
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<br /> .,•�� the dut du�at ehe awn monthiy payment.or �,�
<br /> ' � • , pi)Bonower def�ult�by fd11nR�tar�period ot thiny d�ys,to petform wy other obti�Rtioro cuntdned in thb Securily ___
<br /> ,:j..:-" �:.'Y:wr:"�;; Inurumeat. _�_�=�.
<br /> .'��~,�•`., lb)Sde WkroW Ceedit Appro�vd�Isnder dull,it permiued 6Y+Pplicable l�w ud with the p�tar�pprowl of dio SecKUry.roquiie � ' __..
<br /> �.. -° i�edi�to a fuu of r1t u�e wms�oauod by tNx su�ricy laswment if: � •- --
<br /> ' P�lm�o►ti � � '•�' ,�,_��-n=`:
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<br /> ��"�'.�• (i)AII ar p�rt uf tho Fhoperty i�aMnnvlse Innsferrad(atlKr tl�a by devi�e or desoenl by the Barawrt.�nd
<br /> . .���: . �„ ��LL +nu��.v��_-"
<br /> •,....1'`� b uo�oocup{ed by�he pureha:u or�natae�s hfs or herpri ot seoondtry tesklenoe,or the Pu�cluser or .:••.k:•.,'=,:.°aV.rN..�.-.
<br /> (U)71�e P�opertY •
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<br /> -- • ,�'�{^. . . ; paaee doe�so aoc�4Y da Propaty but h4 ar her aedit lut aat boon�pproved in�iiaooMuioe wNh the roquiiane+iu of the Socret�ry. . .
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<br />- (t)(�t�W�INr.lt circunutwces occur thu would permit Lender to ropuire immedi�te pAyment in fuU,but Lende�doa not „
<br />:- � � � �roqufre s�pa�nodmta,Lender dues not waive iu NqMu wlth rcspect to subsequent evenn. ,.�:.'h�� , _ _
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<br /> � , . (��R�t�dMi�M�HUD Sa�Yry.la m�ny ci�c+no4stances rcaul�tions issuod 6y the Secretary wiU limit Lende�'s�i�hta,in K�
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<br /> , ,..:,� � ` the�se ot prment defav�ts.to roc�uire i�otnediate�yment in full and foreclose if not paid.This Secudty Inatrument does ��,dy��;�r;:.,,.
<br /> ao1 Atnhorixe acoekration or tarecOosurc iP not permittedl by rqul�tions of the Savetuy. `,: ,`°�•
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<br /> , ,. , Y. p�ute�eat. Horrower has a rl�ht to be rcinstRtad iP O.ende�hag rea�cired immediate payment in full because of �{,IY�:'("��q�;""�i;t,��;.
<br /> Boaower's fdlure to psY�n amount due under tha Note or thb Security Instrument.This�i�ht applies even aftor foreclosurc A� '""�:�••;'A��'
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<br /> pro�edI�ue Wdtuted.To rei�tate the SocuritY Iiucrummt,Borrower sha!!teader in a Iwap sum aU wnounu required to .,.�r��".;jt;•:� _ ._ --
<br /> bria�Borrower's aaouat current including,to the extrnt they ue obllaations oi lbrrorrer under this Secu�ity Instrument. �Z''� ._:;,.,:;..!"�"
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<br /> �� foraclosure �osts and reasomble �nd custom�ry utomey's fas and eupeases propeilg agwciatod with the foreelosurc ."':"` � �
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<br /> ' Prooadina.Upon reiasutemeat by Borrower.thls Sav�ity lastrumeat oad the obli;atians that it sccures shall remoia in eifect as � •�,��,�,.
<br /> ' �� if Lenda h d not rcquired immedi�te payment in fuU.However,L�eder is not rc�uind to permit reinstatement if:(i)Lender hu
<br /> acceptod reinsutemcnt after the comrarnament oi foreclosure proceedings within two yeara immediately precedin� the ;_
<br /> �^ . • ,� fut�)refaswteme�nt�wUl adversely aif�he�p iodn�inatuemu n crea�by thi:�Secudty lnslrumentnt�rounds ia the .• :,; _�,ky�_ ''m
<br /> � • 11.�orrower Not Rela�edi Fa�n�ce B�Le�der Nol R W�her. Extension of the time of payment or modification c+f _ :e„ ;',s :?"�'°"
<br /> amoNudoa of the su�socurcd bY this Secu�itY�nstrumene granted by Lrnder to any succasor in interat oP Borrower shaU nat � �. �.
<br /> opaatc to rclease the IlabUity of the oripin�l 8arcower or BoROwer's succasor in ioterat. Lender sbWl not be rcquired tu
<br /> commp�ce proceediaas�(au any wxasor(n iaterat or nfuse to extend time far paymrnt or otherwise modify wnortization .
<br /> ' , of the:was securod bY Ws Savri►Y Imtrurtenc by reason of any demand made by the oriQinal Borrower or Borrower's '
<br /> � ' ,,'. ; :ucceswrs in intercst. Any forbearaaoe bx l.cor�e:in exercitina aay�iQht or�emedy ahaU not be a waiver of or preclude the . .,. •.1: :�v;;;;��,�
<br /> • exett�ls!of�ny rirht or remedy. �_ .. _.__'�
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<br /> ��",�'":;. � 12.Srcewow�d A�n�8oa�d.'��iot uA Serenl W�bfUtyt Co-Sl�en.The covenants a:�;J agreements of this Security , ;,, ,.� ���-�.
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<br /> - �, , �� , • Instrument�hall bind and beneflt the succasors and assigna of Lender and BoROwer,subjcet�o aC�e proWsions of paragraph 9.b. :
<br /> •� �� ,:;-. � . , 6orrower'�coverunts and�eements shall be jolnt and several.Any Bortower who co•:ign:thia Security Instrument but does
<br /> not eaavte the Note:(a)la co-signing this Secu�ity Instrument only to monQnge,grant and convey that Borrower's interat in
<br /> � ��, the PropeAy under the tetms of this Security Instrument;(b)is noc perconally obHQatod to pay the suma secured by this Securit)
<br />. Inatrummt; and (c) agrees that Lender and any other Bonower may agree to extend. modiiy. forbea� or make ar+y .
<br /> � axommodadons with rcQard to the term of this Security Instrument or the Note without thstt Bortower':content. ""
<br /> � 13.Noda�.Any notice to Borcower provided for in this Security Instrument ahall be given by deliverina i[or by mailin4 it by ..
<br /> fir�t elw m�il unleas applicable law rcquirca use of another method.The nodce ahall be dirocted to the Propeny Address or any •
<br /> "._,�;.';,+�. other�ddras Borrower dalatwtes by noUce to Lender,Any notice to Lender shall be Qiven by first clau mail to Leader's addras
<br /> auted hercin or any address Lender designata by naice to Borrower.Any notice provided for ia tbis Security Instrumrnt:haU •p..;:
<br /> �. 't�f�' be damed to have been�iven to Borrower or I.rnder when Qiven�provided in this puag�aph. . °
<br /> •,,,.; „ �;<,�
<br /> � U,Gove�i��Law:SeverabiUty.This 5ecurity Instrument shall be governed by Federal law and the law of lhe jurisdiction in '��i`••�
<br /> � wh[ch the Property is located.In the event that ang provision or clause of this Securi:y Instrument or the Noi2 conilicts with ap- , '
<br /> ' �''^ . .. plicable Ipw,such confli�ti shall not affect other provisiona of this Security Ds�stavment or the Note whkb cun be givtn effect ' '";
<br /> `� . � ,:� withoul the con9licting ptovi�lon. To �his end the provisbns of this Securiiy Instrument and the Note xre declored to be ,
<br /> ' i�;.��`r;:. sererable.
<br /> � ��,:..,
<br /> ' • ��f�:,•, ' 1S.Borrawer'a Copy. Bottower 9ha11 be given one confomned copy of this Security Instrument.
<br /> �� 16.IWlpmee�of�teab.Borrower unconditionally assigns and trensfers to➢.ender all the rents and revenues of the Property.
<br /> .•�ry,4 Borrower authorizes Lmder or Lender's ugents to collect the rents and revenues and hereby dlrects each tenant af the Property l •
<br /> , r::.��,��;� to�ay Ihe rcnta to Lrnder or Lender's agents.However.prior to Lender's notice to Borrower o!Borrower's brenCh of any cove- P
<br /> �;;:, ..,,,,�� nanu or agreement in t6e Securily]nstrument,Borcower shall collect end receive all rmts anc9 revenua of the Property ss trvstee �
<br /> .. �,;�i; .
<br /> for the beneSt oi Lender and Horcower.This auignment of rents constitutes an aDsolute auignment and not an as+i4nmeat�for '����••�'
<br /> � � additional security onty,
<br /> •�i:'.
<br /> .r.., If Lender gives nBdct of breach to Bonower:(a)u11 rents received by Bonnwer s�a11 be held by Borrower as t.�wstee 9or benefit
<br /> � ��i:;°' � ' ot Lender only,to 6e ap�lied to ihe sums ucured by t�e Security Instrumrnt;(t��ILender shell be entided to co7:eci and receive all
<br /> ` � "; :. . of tQte renta of the Properiy aed(c)each tenant of the Propeny 9h�ll pay all renzs due and unpaid to Lender or 4er+der's agani .
<br /> ' • •s'�;. . on �.ender's written demand te the:an�nt. I'
<br /> . .h; ,
<br /> ,',;t�,•�. Bortower has not extcuted an�•�rior 4ssignment of the rems and haz not ar.d will nut perl<+rrn any act that woutd prevenc
<br /> ,,, ,.,. . Lender from exe�cis�ng iu righ!s under this paragraph 16. <
<br /> ,�, � .�:f
<br /> Lender shall nct be tequired tr anter upon,ulce comrol of ur m�intain the?rapeny befote o�after giving r.otice of breach to � ,
<br /> i,�ti,•';�,�,,;•' Bonower.Howeti�as,Lender or a judici�lly appointed receiver may do so at ney time there is a breach. Any u�5•�cc�tion of rents� �
<br /> ;i'��':., sha10 na cure ot waive anY de9a�h or invalidate any other right or rcmedy of Lender.Thic assignmmt of rems oF the Properny \ '
<br /> ��`?;::� � • shaGU unoinate whsn th�e Qe�a Yecu:ad by the Security Instrumem�s paid in full. . .
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