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<br />»J.�a.�'i.•1L::i�� •
<br /> - _ , Any application atthe pceeeeds ta tho princl 1 shall not oxtend ar pastpane the duo date ot che monthiy p4y�eate.which �;°;���----
<br /> �� aro reiarred to in Parag�aph 2.or ahange the�amaunt ot�uch paymante.Aay excoss procecds ove�ao amaunt required to �Fr�
<br /> _----� =— p$y 8II py�5lttTifIM8II1t�Qbtedaesa undM the Nate and thb Secu�ity tnatrument ehal!bo paid to�ho entity leeally entitied the«to. ��_ -
<br /> '�firt;,��'$ - --
<br />--9���-=-� ' a.Fas. l.onda rnay collect feas and charges autho�ized by the Secretary. {„ �r<<r,:, �,fi r,� _
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<br /> ��., �� 9.Qroapib ta A�oelet�tian at ikbt. • i� � -
<br /> '`� r n t�l,� � e�,��z}w-.ti
<br /> ��; '� �' �1 Qery�ptl,t.onde�may excapt ae limitad by:oBulatlam iasued by the Sca�e►ary!n tho cASe of payment defaults.requfre :; �
<br /> „�,��,+' ±�, �m�nedistopaymert in �uil af all aums seauced by thia 9ecuflty insttuntent if: �� �'x��a ;F�`.'� _.
<br /> �'�}�'�;,�'�A'�tl`: (i)Basrowordefautta by faiilag ta pay i�fu11 any mantbly paymcnt requirad by ihis Security lnetrument pria�to ��,k ��,; �, ,�;g`;;;n ��_
<br /> ,�;�,+;��,,�rr.�t� ar on the due date of ttro next manthly payment.or � ;°
<br /> y'�: ' �'.�t.:t,:�r �.k-,itht� 7� l�b ,��
<br /> • ,,.j,-. ,,,_.� in this �1; .t,:��l�i}{^l�n, tly��.
<br /> � ii)9onawar dafaults by faiHng� far a pe�iad of thirty daya�1a porfotm any other obligatiana contait►ed ,����� ��� '�K=
<br /> t ti ��� �
<br /> a�"��..:,°' � '��: 3aeu�iri taarumone. ,� 71r r `.�, � -
<br /> t>; .,; �`' '' Ib)8Ale Wlthaat Crodil Approvni.Lende�ahatl.with tha pdor a praval af the Sec�etary.requtre itnnudtate paY�aenc �' �;; .
<br /> ' in full of�l tho sums sacu�ed by this Secudty Instrument ii: p �' �" � � ° �';
<br />- !1., ,�.r:- ri`. ` � ., �'��� 't,t`�:
<br /> ��f ••N•i'1!•4"r O�Iaw/ ���. �.i5��; y�2t� r' .� -.
<br /> {��`;•:ti (i)AI!or patt oi the PropenY���or othenvise tranaferrad(othor than by deviee�descem or operatian , ; ;,.�, n, �,'a ;
<br /> ��5"� .' by che Bonower. ;'�,` °y� �1 '', „ _.
<br /> ..�:: ��.,. � . � .' �``�
<br /> � ''- 1i�1 Theale or other eraasfer is pursusnt to a cantraat af sale(or by d e e d.i t t h a re i s no caAt r a c t o f s a t e)e x e c u t e d : ,���',"' "'� ,� `� ;':.
<br /> ;.,�S ,�fi; idencc oF the BoROwer) � t:.. � t .
<br /> no lata tteaa 12�nonths(24 months if the Prope�ty is not the principal ;,k,� � "' �r, � p
<br /> j rrp���`,,��,��,� �{-� a�tM t6e det� op wUich this Security Instmmont ia execated.snd :} ;-�:;_ �:�.,......�.cs:,._.
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<br /> �, '``� , r�����a4 tiiyThcred�oPthe purchaaer or graatee has aot boon aAproved in acoordsrsee with the re9uitementsof theSecr�tarY• ,)� ,, � ; ,;�� „ .,,:�
<br /> _,���.,. � �1. .
<br /> r�F ,� � (c) No Wdre�.If circumstances occu�that would permit I.endet to roquire immediate payment io full.but l.ender . J,.,. ,,, :w !,•t;;•.;�
<br /> ���,?�`� A�� dues not rcquia such payments, Lender doea nat waive its righte wUh reapect to subsequent evenu. -�z,, w •
<br /> . �7,.s �i
<br /> "<��i�'�S�;�f,%�: (d)RegaOqic�aasa�HUDSecretAry.ln many cirrumstances regulatioas lesaed by the Secretary v�iil limit Lender's rights , � , �`'''�"��"
<br /> :,;.,�• r���... •< .. :�.,.;�;
<br /> z�.�,�,}� `�#�'�:�; in�he�ca�eof paytpent defaules to require immaliate payment in full and faectose if notp�d.This Secur�ty ir�strumeat , �'+. '', •'.. ,;�
<br /> j��:::` ''�iYt��bt�,�� h �i,.;.`..,>y L--
<br /> �'�,� ' daes t�qs eutQwrixe aceek�atian or fuceclosure if�at permitted by regulationa of the Secretary. ,; ,. 9.:, ,�.�;,,
<br /> °, r�.�?.:�;:,.f�. . . , , .,., ,;,..--
<br /> � ����,i�"`�{� IA.ARei�itta�aaenL Honowec tias a right.to be reinstated if T.ender has rcquired lmmediate paycne n t i n f u l t b e c a u s c o f ° ��,, :'':�•�s:���"—
<br /> �,T r�.,tii; +;:�.f„ � .
<br /> i r , ;:�z,� Abtrower s.falluteto,pay ea amaua�due under the Note or this Security Instntment.This right epplies even after foreclosure ��, �,: ��� �-�'�•"`.;;}
<br /> ,���i����� � 8orrower ahall tender in a lum sum aD amounts required . � {
<br /> :prpceedings are asUQl�ted.To rair�state the'5ecurity Instrument. � � �;�,� �
<br /> � ` f ''��± to brin���orrow�r's�ccount cuaent includin8,ta the extent they are obligacions of Borrower un e�this Secudty lastrumenc. � ,�+�l,+st`5�i+,�T,�
<br />�+�'�''������"� �• .fareclaauie`eo�tx��d reasona b ie an d custamary attorneys'fees e n d expenses p m p a r l y a a+�c i s t e d wi th tha furectasure procxding. - ,;�-n- ,
<br /> f�l SiT �n��Q� �i� �(t 9�,� .._ � -
<br /> ��? ^ � Upqn reiastatem�c by Bortower�this Seaudty Inatrument and the o lib gationa that it secuces�haQ rernain in effect as if Lender ,„ �T,
<br /> �� �' '` had t�qt,r ulred immedlate ent in fuli.However�l.ender is not raquired to permit rciastatement if:(i)Lender has aocapted �,rti . � • �� sa '+
<br /> �; �"� �1'�,�;
<br /> ��';';f�,`•r�•,:• � re ins t a t@ men t a f t a tM e c o m m e n�c e m e n t o f f o r e c l o s u r e p t o c e e d i n g s w t t h i n t w o yean immediatel y preceding the commencement r, i. .,,;; �.,
<br /> ; '�";� � ; ':, of a cuRent foredasure proceeding.(ii)retnstatement wq! preclude foreclowre on Aifferent grounds in the future,or(Ui) � '' , `: � v =
<br /> �� ; reinstatement willacIIvcrsely affect the priority of the iien created by this Sccu�ity lastrument. ;
<br /> - -��{,tt° Fc.:st . t . •L . � �t��t'�-'t_ " '� .
<br />-�,::y'i:;. ;,t .t,.' , �.�...��:4;� ��. °�:R•-, ,�� •
<br /> lt.Borrow�r Not Releasedt For6eAraace By Leader Not a Waiver,.Erunsbn of•the tlme a�payment or modification fi t ,, ,
<br /> .;: „_: �.�,:�-�� of amoaizallon etthesums secured by this Security Inscrument granted by Lender to any succes�ar!n interest of Borrower ,S. .� , .•�. ,�,
<br /> •'`'�• ,'� `° shall not operate to retease the liabitity of the o�Igtnal8orrower or Borrower's wccaaar M interest.Lender shall eoc be required ��:+'�i , � �:�:;�f� �`��;�"
<br />,.:{�'�`1', `;.. .;..}' � 1j,.� ,,/ , , ,
<br /> to commence proaedings a�ainst any succ@ssor in Interest ar refuse to extend time for payment ar otberwise modify amortizatton � «��;�� ;;: �.:�'j t{�.':
<br /> ':,.�;.�,, "', ";;� of the sums s�cueed by thts�ecuriry lnstrument by reason of any demand made by the o�iginat Aonowe�or Borrower's succeasors � . 't�� ..,;
<br /> ��+.;:i,,,.;_;�;,;;;�. " in tncerest. Aay fabearance by Lender in exeaising any right or remed shail na be a waiver of or g+reclude the exercise oP ?`�'•:,�
<br /> ..,� Y ,�r ,�;�� �F�...
<br /> ,. . ,ti, any right or remtdy. • . "�, � '._„�
<br /> ��:.�-
<br /> ��.i..�� ��.:�'Y'�•: ,'�. � ' . .,-.. -
<br /> '-� t2.Succeasorsand Asalgns Bound:.loint aad Severnl Liflbiiity;Ca•Sf�nen.'The covenants and agreements o�this Security �� •• „ �';'�.'���; �'�---
<br /> ' ':•: l..i..�.._:'P��. .�. , i '�i.� !%�C_
<br /> '����� � '�� �� Instrumene shali bind and beneM'�he successors'And assigns of Lender and Borcower,subject ro►he pcovisions oi paraBraph ; :' ;f-.�.��;:-
<br /> ti-• :�� • .�,,�,.. .. '
<br /> :���'��� • `�•' ' 9.b. Borrower's coveaants and agrecments shall be oint and several. Any Borrower who co•signs�this 5ecurity lnstrumcnt
<br /> . ��,F:-
<br /> -''"'''' � ' '' � but does not execute the Note:4a)is casigni�g this�urity Instrumant only to mortgagc� rant und convey that�orrower's ��� �� "� �`'�• -'". =���''=
<br /> y.;:�,;;. ;> . ;. ; 8 . •. 'J �"':��:':,�.
<br /> "�� �� �'`' interest in the Propeny under the tc�ms af�thls 5ecurity Instrumcnt;(b)is not persanally obiigatesd to pay the�aums sceured .. ;,;.�.,,. .,,.,�_
<br /> �.�""���'�S'!nr�':� by this Security Instrumenr and(c)agrees that Lender und any other fiorrawcr rnay agree to cxtend.modify,forbear or make ., .,, .._ .�;��•.::.......:.:..,:;;.
<br /> -_=i'�:-;'?.`. '. g . . .;.s.;.:.:
<br /> ;-,..:,,�:'.°:::��:'�+� any accommodatbns�vith re �rd ta the term of this Security instrument or the Note wiihout that Borrower s conscat. . •,.,.... .__+s,,,.
<br /> � �'..
<br /> , 'r; V a, .
<br /> ''� „ }���; 13.Noticea.Any nottce to Borrower provided for jn this Seruriry I nstrument shali be given by dclivering it or by matltng , 1.�,�`� � "
<br /> s�:�,��:,�,.: „:,�..!���j+ it by first cfaaa m�il unless appticabte taw requires use of nnother methocl.The notice sh�U be directed to the Property Addtess .• `„•yi
<br /> t •�„ � or an other addtaa Horrower designates by�notiee to Lcn der.Any not irc to Lcn dcr s h a l i b e g t v e n b y f i r s t c i a s s m a i l t o I.ender's , �.
<br /> ' ' ��' �,�.;; address stated hertin orany address Lender de998nates by natice ta Borrower.Any ne+tice provided For in this Security Instrument >���.�1, '< '.;�
<br /> �. �r., ;•.�. .. � . •
<br /> ,,�,;, .., shalt be deemcd to have been given to Horrower or Lender when given as providcd in this paragruph. ,. ��� � ,,;'.
<br /> � . >;.:,.. . ti;'•;�:, ' . ..�� „ . .
<br /> � �:;`� � 14.Governiog�.aw;�everabillty.This Security Instrununt shnl{be govcrned b�� Federal law und thc law oF the jurisdiction �t'�''�++`�'� . ° _
<br /> '� ''�I'`" �"- `� in which the Propc�ty is located. ln the c�•en�ths�t any.pravision or rinus�o( this Security instrument or the Note conflicts �
<br /> •�'�','. � '� with applirable law, such conflict shali not afiect other provisions ol'this Secur9ly lnstrument or thc Note whinc�an be gfven �� . , .
<br /> t.,.,,,. .. _.,.,_, .
<br /> ��_:;,', � etfect without ttieconflicting proviston. To this rnd tt�c provisions of this Se�:urity In.rtrument and the Note are declared to �,�,.t
<br /> .;���...ti..'... :".� be scverable. ��..�., ,,.,
<br /> �r;.ij�,; .','' '' : 1
<br /> ., .��.' ;.,..
<br /> ��i "'�,;ti;.'''"'` 15. gottower'et Copy. Botrower shali bc given one conformcd cop>� ��t this Security Instrument. -',r� . , ,
<br />';�� �,i�,�t,,, ;�ta t ',`'_ ''�I;c.
<br /> �. � i �;. :, t��°•.,,
<br /> j�•����'�.:':,;,1• �,,t�;,: 16.AssiRn�nt otRents.Borro�ver unconditionall��aa�igns and transfcr�to 1_cnclrr alt thc rcnt.und re�•enues of thr E'raperc��. •, �,'•�� . . , ,
<br /> ' '• ± :�"'.. �'� �'�- Borrower authorues Lender ar I.ender's agents to collect ihe rents and revenuex 7nd hcrcby dirrcts ea�h tenant af thc t'roperty ' ':�� , ,.
<br /> � .,.;t:j;�f�}��}'?`y:t to pay the rents�o L.ender or Lendcr's agents. However, rrior tu Lcnd�r's noticc to tio�rb�ver ot Hormwcr's bte�ch of alty �;r:; .;�":`�'�;;�,�•:�� '�_
<br /> �l�t4�t�_�'� covenant or agrtement in the 5erurity Instrumerit,�orm�vcr ahall roUect and mri�c ull rents und rr��enue+oi�he Property �' ��� �' _
<br /> .�.-�• -__ «a .., ..« - -
<br />- `�' � ' `.••';:� 8s trustee for ttltbCtleCit of LCndCr uttd Horrower.�!his t�ssignmcm �.i renn coi„iiiuir, uii uu,.n.i«a5a�zam:.:P�7 w.... .....«.. _.
<br /> ����`' . asstgnment for �dditionnl security only. :
<br /> '' � � lf Lender �r es noti�e of breach ta�orrox•��:lu)nll rcnts recci�cd by Rorro�v�r�hull be hctd b}•{3nrrowct as trustte for
<br />���'; •° '� benrf{t oP Lenda only. tu be npplicd tc�the sums scrUred b�•the S�cterit�• In�c rumcnt;1b11.endrr +hntl bc entitled �o collcrs �
<br /> �r":...: „ :.. � and rerctve nli otthe rents uf thc Proprrty;and (c1 each tenaut uf thr !'ro�xrt��hall puy a{t rrnts due and un�aid to I.rndcr �
<br /> � ur Lender's ageat on l.rnder's writtcn demand to�he tenant. ,-
<br /> � . ' ' Bnrrower fus no�executed eny prior a�+i�nment of thc rents und hu�nut nnd a il{not perinrm am uct that ��ouW prc�c»t
<br /> •,'•,� � Lender from eqercising its rights undct this paragraph 16.
<br /> ;}:. , � Lender shaG not be required to enter upon.�akc conuo{ot'or muintuin thr Nn�ix�rt�•hrfore ur atter g��ing nuti�e of bteach
<br /> ! tn �iorrowet. Howevcr. Lender ur n;udicialty a�►o�nced rerei�•rr muy da�n ut ony timr thcre i� a brca.b. 1ny applicndon
<br /> �''•� � `' of rents chall na cutc or wu{�•c nny default oe iat4al�aiara am•uthcr right or rcmed�•uf'!endcr. i'hi+n+.ipnmcnt af rcnt�uC
<br /> � •�,'; '; ' thc i'roperty�Mall terminatc ��•hrn the debr .�:c►red by th�Srrurity Instrument i+ pu�d in fuil.
<br /> � �;;. � !
<br /> Pne�•t,�►.►
<br /> � � �7� '�. I �
<br /> . . „�.; _ -__ _ _
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