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<br /> '� ''�', Any upplication of�he praceeds to�hc princi�u►1 sh�ll not extcnd or pos�ponc the due dutc of�he mon�hfy paymcnts,which °"""'-
<br /> ure rafcrred t�in Pora�reph 2.ar chAnae ihe umount af'such paymcnts. Any cxrest pra:ceds�+��er an Amount raquired ta � = __
<br /> pay All outstandln�indeatGdness undcr�he Na�e And�hic Secu�ity lo�trumen�sh�ll be{wfd�a�he enti�y le�ally entillcd�hereta. _
<br /> �' •• "� "'� � ,r s. Fea. Lender may collect fees und ch�r�ea authorixed by the Secretary.
<br /> �'':3'; � �,,�
<br /> �� „`;�'�`"' �'`��' 9.Grouads�or AccelernlioN of 1)ebt.
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<br /> ,,;x , � .fc. (��Det�nll.Lcnder may,exce p,t as(imited by reyulatians issued by the Sc�:re�ur in Ihe rase of puymenl detuults,require
<br /> immediate paymcm in full at all snms cecured by�his Securi�y Instrument if:
<br /> ,
<br /> w��; � _
<br /> � ' ' . (i)Borrower defoults by fAiling ia puy in f ull any monthly paymem required by�his Ser.urity Incuument prior io c � _
<br /> ,�. ,� or on the due da�e of the next man�hly payment,ur ,
<br /> ��.Q K a..�::
<br /> lii)Bar�awcr deinuhs by failinQ, i'or a periad of thiny days, to perfo�m any othcr obliaAlians cantained in this : �;ti�u��;1a;;;,s��..
<br /> Security Inalrument. �i"����'_`��-1��"
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<br /> • (bl Sak WUhoul CndH Approv�l. Lender shall,with the priar approval of the Secretary,require immediale paymmt ��_------ --=
<br /> ' in full of All the sum��ecured by th�s Se��riey Instrument i`: _ _
<br /> � n �i)All or pnrt af the Propeny is soW o�otherwise transi'errc�(othe��hwn by devise.drxem or operatkon o6 Aar�1 -- � -
<br /> ' by thc Bor�ower, "
<br /> `;-. :.�-�.;, a, _
<br /> � �ii)The sale ar other transPer is pununm to a comract oi'sale lor by deed.if there is no contrn��of sa�e�ezecuted
<br /> �;.,• " no late��han 12 manths(24 months if'the Propehy is no1 Ihe princ�pal�l�ppp�I residence of the 8orrower� i,,, ,.. _ -.�-.-..'.t.
<br /> ° �• �' after the dn�e on which this Securi�y Instrument is executed. and . �-���
<br /> �' - ��"',�-:.
<br /> ,..,.�;;, . 1 iiil The credit of the purcha�or�ra�tee has not been approve�l in a�ti�ordance with the requirements ofi the Secre»ry. � �
<br /> ' lcl No Wpiver.lF circumstances a:rur thal would permit Lendee tn*require immediate payment in full.but Le�de� n•�}�IOi.�. .'"'�_
<br /> . � .� •�� � daes not require such puymems. Lender�ies not waive its �ights ��•ith respe�t to subseyuent events. �, � ,"'`iA-__-�°`-�
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<br /> • (dl Repulslbos ot HUD Secrclary.In mAm circwmstances regulaiions issu�d hy the Secretury will limi�Lender's rights 1 ; --
<br /> , ; ; in the case oi paymrnt defaults to require immediate pay ment in 6uH und foreclose if not paid.This Security Insuument ;�-r ___° '
<br /> does not au�hodze acceleratioa or t�reclosure if not permiueul by regulations of the Secretary. •• �,$`��:.�A�
<br /> T . • . ' ����sr�•_'
<br /> ' '.�� 10. Neinst�tement.BoROwer has a righ� io be reinstated if l.endcr has reqwbced immediate payment in full because oP '��A�,-�--��-•
<br /> � ,.•.,.���• Borrower's fnilure to pay an amount due under the Note or this Security Instrurn�crc.This right upplies even after forcclosure :t��
<br /> • � .,�y,!' ' proceedings ace ins�iwted. To reinslate the Securiry Instrument, Borrower shell t�r�aer in a lump sum all amv�unts required •. ,•
<br /> to bring Dorrower's account current lncludin�,ta the extent they a�e obligations of Borrower under this Securivy Instrument. ' ' �•�' ��.'����'��'
<br /> , s��ica:
<br /> foreclosure costs and reasonable und custama���attonteys'Pees and expenses properly ussociated wi�h the foreclosure proceeding. i;s�`:r�}?�''* ii �.,�,�
<br /> Upon reins�atemen�by Borrower,this Sec�aria ti•Instrument and the obligations that it secures sha0 remain in effect as if Lender , �'� T^ ,.� ���'�.'"'
<br /> - x��, had not required immediate payment�n ivad.i-iowever, Lender is nut r uiir�i to rtilit reinstatcmcnt if:iif LrnM.r ha:,accepted "�a'��,''`�'•��''-"•°��>```•'�'�``"��
<br /> e4 ilz - �i,;�i.fr,z,.-- Yr,E��;;l;;���
<br /> ' reinstaternent after the commencement of foreclasure proceedings wi�hin two yeArs�ne�mediately preceding the r�+mmencement � •� �� , :
<br /> � of a current forc�losure proceeding, (iil reinstatement wil) preclude foreclosure n�different grounds in the 0'canure,or (ii1) �'�
<br /> r�l;Vt•;`-�n{,:_
<br /> rei�staternent will adversely nfPect the priurity of the lecr�created by this Security Instrument. '� ^���
<br /> �`..,,. . ,•'���`3�'ii,e
<br /> � ' 11. Borrower Nol Released; ForbeAr�p�e By� I.endr��a1 a N�pi�er. Exte��ion of ihe timc of paymen�a� m�dbfir�ai��n • s;;��/r:`'E�
<br /> • � ..:���k�� of amortiwtion oi the sums secured by this S�:urity Ins�vument Franted b}��l.cnder ro�ny surcessor in interest �f Borrower ;u}.',: '����
<br /> r . t U :_�:. .
<br /> ' ; , . shall not operate to releuse the liability of the originpl Borrower or Borro�ver s cucce4sor in interest. l.ender shall ne+i be required ;•;� �.��,�—�-,
<br /> � to commeace proceedings ugains�any suceessor in interest or refuae to rxtei�d timr f��R ra�ment or otherwise mcxli�v amortization - '�''' ' ����
<br /> `� ' � of the surns secured by this Security Instrument by reason uf any demand mAde by the or�ginal Borrower or Borrower's successors .. _:. � }
<br /> •,'!�•� in interest Any forbearance by Lender i�exercising any right or remedy shall n�� br a waiver oi ur preclude the exercise of ,-•w:►',:..,. ,,�
<br /> • �;} uny right or remcdy. • .•`�;,;�{,r�s,, -
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<br /> �� :,;.,.:�•��:.� ::._���� 12.Successorsand AsslQns Bound;,loiau u��I�veral l.iubiU�y:C41•��i��et�. i'!fac�irven�ms And agrcements of this Security s ..:�;,t,+r,;s;�,•:
<br /> ;.i��r,('���'`."'`„"":° �Oa�sc7umen�shall bind and brazr�it the successors and a��;��n:af Lendtir und Borr�.r�ser,subject to the provisions of paragruph � � ��{i.},•
<br /> , � },�.,,...:.,.�• � .. �'�'_
<br /> :, '�'�"'��:�::r A.b. Borrower s covenants and agreements tihnll bc joini and se��eral. Any Barro��•er �vho co-signs this Security Instrument • �.�y,��•
<br /> `�'Er��..'•'' ' 'r' bui dc�es not erecutc the Notc•In)is co-si ning this Security In�trumcm only to mon uge,grant and comcy that Barrowcr's � ,4.'•.` ,;,
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<br /> ',�:, � , ,�y, . $ B ,;�'.j, ..+,..
<br /> '�;_�,�.,+: ., •�4��:� interrst i�tf}�e Pr,��gerty under thc tcrms of this S��urity Instrumrnz; Ih) i+not peroonnlly obligated to pay the sums secured � i1' „' , �,
<br /> 1�,'�.• "� !"� � �.,.;,��i�;,y by ahos secur»> 9 r:+irumen�;and(rl agrees that l.cndcr and any u�bcr Bormwer may agrec to ex�end,modify,forbear or make � � .�,'ij'.;•.�:;�'�.
<br /> '�S�'`�,{f`� '���t;;�?.,;;�' any occommodutiuns with regard �o the term of�his Securiry Instrument or the Notc w�ithout thu� Borrower's consent. , .,� ' ,S'?'`.''��`��
<br /> Vr„ �i
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<br /> � �/.,�::��i,'�,,!`•�"� `'F'i.�}::•�, ' `1����.,�
<br /> �;`�;F; .. . 13. :Voticea. An>• notice to Borro��•cr pro�•ided for in thi.5ccurit.�Instrumen: shall be gi��rn by dcli�•ering it or by mailing ,��� ,� ' � 1;",.,- ,•
<br /> :� � it by rrst clsss mail unless applicable law•requires u+c of:�nnthcr method.Thr nn[ire shal!be direcied to the Property AJdress ;.•tit�:. �.:�.;.;;,,l��;�,;,�,,
<br /> � � ,::��;� or any other address Borrower dcsignutcs hy nr�ice io Lcnder.Am�ny�ii.c to Lcndrr+hull be gi�•cn by first class mail to Lender's , ,.,.,;. ,,.•,,. ,•.,
<br /> . , . .,, j,;,;,. . �T.,,.:�.. ��,
<br /> .�.;;,��;� . Address stated hcrcin ur any address Lendcr JcsiFnatcs by nuti�c tu Borm�ver.Any noticc providcd for in this Security Ins�rument �
<br /> " " .1 �; shAll be deemed to ha��c t►een given to Borrower or L ender when given as provid�d :n this paragraph. �,'�'''�'�' � ' '+�;'s>> •
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<br /> •:. , �;; ,. • 14.f,oveming I.uw:5e�er�billt�. This 5��urit� In,;rurncnt,hall Br�u�•crnrd h?.�•eJeral la�v and thc lu��of thc jurisdirtion ,�', .,,
<br /> . �;•,;,', �'�,��,;�; in ��hich the Property is laated. In the r�•em �hai am ��ro�•itiiun or.lau+c of thi,'�::::ritp �nstrumrnt ur thr Note ronilicts t+•,,
<br /> �, : a;�';,�.;. with applkablt la���,su�h contiict .hall not;�ffec���ther provi+iun���f�hi�Serurit� ]m:rumrni ur the Note���hich can be gi�en
<br /> ' �'}'•�'�. effect w�ithc►tui tQor conflicting proviswn. To thi�rnd �he pro�i+ion..�i ihiti kcur:�y la�trum�n� and the Nute urr drelnred a�+ ;
<br /> �;�;,�,t. . ''} be sevcrabl�. � .
<br /> ;::,:,.� .,,,�, .�
<br /> •�;:..,•; • IS. Borrower's Cop�. �3orr�•wcr ,hall hc g��•cn ue�� :��nl'ormrd ron�•ai �hi• �r�uc�r. In,�rumrnl. .c,
<br /> .,,� �
<br /> ' �� ' 16. Assig�a�enloiRen�s. �D.+rm��er unconJiteunalt�n•��gn�:+nd�rau.f�r.ro l.end�r aU�hr�ent�and re�enarsut the Proper��•. ; •
<br /> ;��,, Borrowrrauthoriies Lender.�r Lender'.a�,ee�tc�a coU�ct ihr rent+anJ re�enue�and hereh�Jrccr��each�enant uf the Pra�rt� • •"• � ,
<br /> • • ',,�r to pay the rcnir to l_�ndc�or l.ender'.:+�xcnt+. Howc�cr, priur io Lendcr'. noti:e��� HarroH�r of Borrower's breach ut aoy ;;;;'�� � ,
<br /> ,.� ', • .�a�.�nam ur agrcemen�in th�r�unt� Intitrumenc.Rurro��•er�hall�ulle.t anJ :�tiei�r all rcm.and re�cna��.Tf ihc Prc.pcny .
<br /> ���`1�• �t CCUSICC��Uf Iht tIfR�11E r*E �1�•ncicr and Fki�rower T�[[� :I�N�lI1�11CIlI O) I�ItC• �t�Ttl1U1C�:111:Ih�OIWC J�+I�tRR,E�cI1[ ap�tl0l:10 '
<br /> � ';�:' ass�gnment for additconat :�:�:urny onl}. ,' •
<br /> . ' �-- ... - If LenJer�e�es non�e��f hrr��h ra� Bnrra���r:Ia1,�U ren�� r,.ticc4�,i hy Korrn���r.hall hc hrld N� &�rr��MCr a�iru+t�ti f�,r ,
<br /> benefil of Lcnd�r only.t<•hr appiicwt r�, thr •um+•r:uird h� rlir�:Lurir} In.tn�mrnr,ihl I.rnder,hall (���ntiticd ti�coll�tit
<br /> u►d retcne aU of the renr,ot'thr 1'rupert>: and Icl ca:h�rnant ur�li�Pr��r�rt� �liall�ac aU rrnt�Juc,en�l unpuid io l cnJ�r
<br /> ur Lrndcr's agent on E.�nd�c'.��rinrn��manJ w�hc trirrrn.
<br /> Borrowar ha�nut cr�cutrJ am pnur a�.ignm�nt uf th�rcnt.and hu,n��t.�nd ���11 n�u ��rr��rm 3n.,��r Ihat ����uIJ pr��cnt •
<br /> Lender t'rum��crci�ing il+nght. under thi. paragraph Ih.
<br /> Lrnd�h•�hail nut tk��wuired tu rnter upan.�aAC.untr��l ol ur manua�n thc Pru�,�ri� h�tur,;�,�•.�Ct�r ci�inµm+ti«ol hrea:h
<br /> � iu �.erru��er.HoWC�er. I rn�cr ur a �udi.ialh ap�x►im�J rc�ci�rr in�} .1�� .o .0 an� tnn� ih�re �•a hrca.h. �m arph�auon
<br /> ��I rent, .hall ni.t .urr ur ��a:�r an� Jctaul� or imal�Jatc am athrr nEht ur rcmr�l� ,,� 1�ndrr. I hi. .�..i�nmciii .H irm�u�
<br /> Ihc F'm►�erty �h:�ll Iermina�r ��hrn �h�debi �c:ured !�� ihr 1�tiunt� lnurumrni �• paiJ in lull.
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