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<br /> ' ' i � 1b�det�qr t+a rnd d�r�e��b�►tb S�Y• ' .
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<br /> . , !�, qn�Y�11� dD�M. ��� ia dre aar ot pymait de�ah�.
<br /> � (�)DdliidR• . .mq�.exoept n WN�ed bY r�Waians
<br /> nqidre idsediMe in Aill of all amn�ecurod by tht�Sea�riry Im�et� s �a la�anr�at p�ior . -�
<br />_ tiI Hor�o�wet �a h7►fdl[n�to p�y fa!hU aeY e�oathlY P�Y�ne°1 raNind by 9�cu�itY -
<br />_ �"��`°".,,_" `� to or�oa�be dwe te of tiro neat montdlY t�Y�°t _
<br /> (ii)Barower Ae1NuW by failiq�.tar�period'd d�futY ds�,w f�erfaa�my aN�a o6M�tlans ooa�ed ia dda
<br /> (b)B�l�apt�t Appnoval. t,eoder�I►dl�if�airoed by yiplkabb I�w�nd arith tho priar yipnoval of da
<br /> g�q�p�y��qulne immedl�tc piympit in fWp of dl tbe wAn aecu�ed bY�pi�Secudty InstnnnaM if:
<br /> (i)JUI or pat of iho Pnopaty.ar�ba�eficW iato�t fn�tn�u ownin��II ar put at tho Prape�ty.4 wld ar
<br /> ' odimwl�e tra�ufemed(odKr ttua by devi�n or descent)bY tbe Barower.uid
<br /> : (iil 71►c Pncpaty 4 aot occupied by dia purr.h�s�'or�ntee�hi�or ha princip�i ralckoAO,ar the pn�l�er
<br /> � a gnuttoe dxs :o oc�cu�py tha Atopaty bnt hi� ar I�er aedk bss uoi beea �ppo�red 'w wooN�ace
<br /> with ihc tr.qui�eme�of 1he Sea�etuy. -
<br /> (c)No Wilver. U�oa:w d�at would permit L�der wo roquim iaunodi�e pyr�iw f�li.but l.ender
<br /> daa aW rc9uire suc1� .A.ender does not waixe its r�hts witL�ect q subeequed cveats. ,
<br /> - (dl d H� In many ci�umsunas neBulatio�s icwed by tbe Seaet�u�►wW limit l.enderl�
<br /> ri�hta,hta, the case of puymart��uwOls. to rer�uire imrt�edlate Wyment u�full and faeclose ii notp�d. 71�is
<br /> - - Ce�uri�y Inamunet doea oot wd�oiiu�celaat`a�or fot�ecloswe if aot Mamitnd!►Y re�ulrtioac oithe�eCreqry.
<br /> � `�„�� (e)Mo�ip�Nd�rrru�. Bonnwer agreea thae sQwuld tbia Secwity In�lnanau md tM nae secuied 1t�eby not
<br /> — be eligibb fat inwranoe w�der 1he N�uiawl Housing Mt witbin fiom d�e
<br /> dau heroof.l.ender may.u its optioa nnd notwithstandin8 amyt6uiog ia Nuagraph 9.requ6e immedfato WY��
<br />_ full of aU sums securod by this Secur+ty In�nu�u. A wriuen sQatcment of�ny authoriud agent of t6c Satieury
<br /> dated aubsaquant a fram the date hneof.doclinfng w inourc this Security , .
<br />- �nstnunent and the aoee securcd thcreby.st�116e deemed conclusive proof of such ineligibilNy. Natwitkst�ndiag
<br /> � the faegoing,this option may not be oxercisc�l by Lender when the un�vailability of inso�nca is wlely duo to ,
<br /> I.ender�s failure w i+emit a maatgs�e i�surwnce premium to the Secoetary.
<br />- 10. RelasUtemeat Hortnwer has a ri�t to be reinstated if l.ender hAS reyuired lmmedisNa payment in tLll because
<br /> �,i, i of Barower�failure to pc+y an amount due under tho�Note or this Secutity inst�urt�cn� 'I7ih nght applies even afkr
<br /> '��` ' fo�clowre ptocadings a� rce�ti�utod. 7b �instate the Security Insuument. Bor�ovrer slwll under in a lump sum all
<br />...
<br /> �;:r::�.� emounts requiied to:brin�&lorrnwtr�aceouqt curnnt including.to the extent they wl: obliguianr af Borrower under d�s
<br /> ----=-
<br /> - _ Soauri[y�ama�t.io�:ia,�u�c�t�eis r�r�zasonabie aad cnstomary attartxys'fees ar.d ezpassn ly es�!+c�ted with
<br /> :��� Ihe farcclosure pnoaediag. Upon reinawace�nent by Borrower.this Setar+ty InsWment and the Rigatians that it secwes � '•�'
<br />-_':�, ahsll�emain in eP{�c�as ii Lender had notreq uired immediate payment i�iulL However,Lender is ndt required tope�mit
<br />- -- reinstatement if: (i) Lender has wccepted reinstatement after the commencement of forealosure�roccedings w�U�fn two -
<br /> yea�s immediate!y preceding the commencement of a cuRent forecbsuro proceeding, (iil reiilvu�tement will proclude , �
<br /> ' ,:.;.' ,, forocbsurc on different groundr in the futw�e.or(iiU rainstutemetn will advercely sUec�tht prionty oi the lien c�rated by _
<br /> thls Secu�ity instnunen�
<br /> 11. Borrnwer Not Relear,ed; Forbearance b� l.ender Not a Waiver. Extensian oi�tec dme of payment or
<br /> modification of amortization of the suma secured by th�s Securit�Inswment grnnted by Lende�to t�y auccessor in inteiesst
<br /> , r,, . of Borrower shall not opera�e to release the liability of the origmel Borrower or Bonower's succetisa in interest. Lender
<br /> _ � shNl not be roquirtd ta commenee praceeJings aguinst anY successor in Interest or retuse tn e�tend time for pnyment or
<br /> :;��� , otherwlse modlfy amortization of the sums secured by th�s Security Instrument by reason of any demond made by the
<br />�_� � x. .;4�' �", • • o�iginal Bomower or Bomower�successor�in interest. Any forbeuance by Lender in exercising any right or remedy shall
<br /> ..�;�
<br /> _ .,,:,. not be a waiver of or precludc the exercise of any right or remedy.
<br /> - ��; 1Z. Successors and Assigns Bound;Jolnt and Several Liabillty;CaSigners. The covrnants and agrocments af
<br /> '' '+1�"�_., � '��* Ihis Security Inspument shall bind and benefit�he successors und ussigns of Lender and Borrower,subJect to the pmvisions
<br /> ,��4. �� of Paagraph 9.b. Bornower`s cavenants nnd agreemen4g �:hall bc joint and severol. Any Barower who casigns lhis
<br /> .. ,ra�t t. .�
<br /> �t,�.�,l��tr; Security Inswment but does nw execute U�e Note: (a) is casigning this Security Instrument only to mortgage.fitant and
<br /> ''�+� � :', convey that Borrower:s interest in the Propeny under the terms of this Security Ins�rument:(b1 is not personally obf�gated to
<br /> ;�'� ni�� ,r .
<br /> �, �,. � •�`►� �• '� 'pay IhB sums secured by this Security Inswment:and tc)agrees that Lender nnd any Mher Borrower may agree to extend. _
<br /> '� • '�°-•�' modify.forbenr ur make any accommodativns with regard to the terms of thia Sewrity•lnswment or the Note without�hnt =
<br /> ��'` _i�...-;: � _.
<br />_'��:. . r�. •„r,,,r,.�' Borrowerls consent.
<br /> ''iy.i1�,Y 4 r�,j�', 13. Notices. Any notice ro Borrower provided for in this Security Instrumen�.shal) be givet�by delivering it ar by
<br /> -� +:r�t �� mailing it by first cless mail unless applicuble luw requiren usc of unother methal. 'I'he notice shall be directed to Ihe
<br />•'., ,,;. � i�ya�:1''t . 8 Y _
<br /> : , . �,�., „1�� Propeny Address or eny other address Borrawer designates by ndice�o Lender. alny notice to l.ender 4hall be rven b
<br />;rh�= .%• ' ;��� •:�_'{� . . • flrst class mail to Lenders sddress stated herein c►r any addretis Lender designates by nwice(0 8orcower. Any notice
<br /> - ��,., : ;;';;�;;;•`�`R� provided for in this Securiry Instrument sha19 be deemed to huvc been�iven to BoROwer or l.cnder when given as provided
<br /> ;�� 'K;,s�>, 'a i1£.,, ' in this para�raph. -
<br />` ��,���,��-• 14. Governing Law:Severs�bility. 'This Security Instrument rAall bc governcd by Fedeml law ond the law of the
<br /> ; ,rr•;�� - - urisdiction in which�he Fruperty is lu�u�rd. lu tin rvent that:►ny pravision or clau::c ai this Sccurity Instrumcni or thc
<br /> r.,,,tk?�';�,.�;�,.,.;•
<br /> •j,p�;, . •. � �ote conflicls with appliruble luw, such canflict shu91 not affeci othcr provixionz af this Securi�y Instrument or the Note
<br /> '•;r6d!!'J....,,- . .,, . .
<br /> ' .,,.,,,,�_.„ . 4 � which can be given effer.l without the eonflicting prnvixion. 'fi��hi�end the provitiion+of thin Securily Inswment und the
<br /> �� • ''�� Note are dednred to be severable.
<br /> �� �`"��l�i;'' .'a "��+;y` 1S. Norrawer's C y. Borrower shall tk given onc conformeJ ropy of this Securiry Inst�nt. _
<br /> , ,� , :•.,�.�,,,,•..: ;.,�., -
<br /> :__y� , ��..� ;,,,. .� 16. Asnignment of enta Borrawer unconditianally uxsigns und trsmsfcn to Lender ull the rems und revenucs of Ihe
<br />-::.-.;�, �"`''���k �,;�#;��. Property. Borrower authorixes Lender or Lender i:agrnts to collec�the rcnts nnd revenueq und hereby directs euch tenunt of
<br /> ;,. +3�,`�•s, . , . ..,
<br /> nhe Propeny to pay the rent�ta Lender or Lender+ag�ats. However,prior ta Lender's ndice to Borrower of Borrower's-
<br />��,,__� ', �. ����� �:�;;`;. , ' bresxh of eny covenant or s�greement in the Security Instrument,Borrower xhal I col0ect und receive�II rents und rrvenues of
<br />�•�°.��; .'�-�.;� ' � Ihe Propeny aa uustee for[he benet"at ai l.ender pnd Bormwer. 7'his assi�ntnent af rentt conh�itules an ubsolwe ussignment
<br />;;_�;:�. - and aot�n uysignntmt fort�ddiUonnl securiry only.
<br /> -� If Lender gives notice of breach to Borrower: (u)all rcnts reccived b} Borrower xhull be held by Borrower uc trustee
<br /> 'o� --�'---t" - �_ -__�:_.i. .�� .. ....�M..�M.. C......,:�.,Ine�nu�,un�• l61 landnr ch�ll M rntitlyd tn
<br />_'-� ., IVf UCIIGi11 ul a.c�nac� anuy.iu u..ot,t..wu.0 u�r .�::::�:::�......� ...� ..��....y ............""• ._, �"'_" "--' _.
<br /> ;�`l ''�•_:- collect end receive all of�he rent�of tik Property;unJ(c1 euch tenunt of the Propeny sholl pay all rents due and unpaid to
<br /> 't� ` ��;;��. Lender or L.ender's agent on Lender's written demund to the tennnt.
<br /> '� '""����^ Borrower has not exewtc,l w� iur us.rignment of thc reiw:and h•r.�no: arad u•ill nat perform :uiy •rct that woutd
<br /> = ��,���� prevent l.ender from exer�isin$its riyp.hls undcr thi�Pumgrnph 16.
<br /> - �s...,, . .. ,;
<br /> _��:�'.�.�.:;::. a�- L.ender shall not be reqmred tn enter upon,take contml of or maintnin thr Propeny bet�x�e or after giving nutice oti
<br /> ` �~�� breach to Borrower. However,Lender or u�udiciully ap int�d recciver muy do so nt uny cime there i�u breuch. Any
<br /> :�; � � •�c,:.�:r�:' I�' �
<br /> _ �„�, application of rents sh�ll ac�t curc or waive nny default or mvulidutc t+ny other nght ur remed�of Lrndee '1'his n�siFnment ,
<br /> of rents of the Pmperty slwi4 t�erminate wben die de6t secure.d by the Security Inxtrument is p;u d in fu l l.
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