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<br /> Any appltcation ot the proceedr to the principal shall not eatend or postpane tha due dete aP the monlhly payments. which
<br /> - ''� pay arcllcout tanding i debt�ness under the Nat nd his�Se urity Ins�i umcn�hallxbe paid o he entitY lepally eotitl�theteto. ----�-�~-
<br /> � � t.Fea. Ler�der may collect fees and chivaes aulhoriud by the Secretery.
<br /> � -' t 9.GrouiWs tor Accderatioa ot Debl. -----
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<br /> � - :. �' (�)QSefaull.Lcadcr�nay.cxccpt ns Umited by rcgulations issued by the Secretary in�he care of paymco�defauUa�requirc � _
<br /> , �1�.� , ��" immediata paymcnt in full of all :ums securcd by this Securiry Ins�rumcnt il':
<br /> . JK'W'..'1,:Y y
<br /> � .„ .,�: ,.�� oi�on the due dot��of thaAn�exB monthly paymeni 000thly paymeat requi�ed by thls SaK:urity Instrument prfor to --
<br /> -":..�h:M1"^ �.' .
<br /> ����.�»:;.,,:�' (i{)Barrowcr dePpult�by Pailin�.for a period oP thiny days. to periorm any othcr abfl�atbns contAined in this .�.��p
<br /> - _?�� .�s��M Security Ins�rument. �
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<br /> ��»- lb) �k WUMorI Cndll Approv�l. Lender shall,if permitted by Applicable law und wiih the priar approval oi Ihe ',,,�;::c�„A,SU,,.�;,.
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<br /> - Secre�ory. rcquirc immediutc paymcnt in i'uli af all the sums secu�ed by this Securi�y Instrume�t if: ;,��,;,.�„�.•,� ., ..�
<br /> — �}?�_...__� r,,.' . ����w�w.��_"�
<br /> —� .'.�� (i)All or port of the Proper[y is otherwise transfe�red lother than by devisc or deseent by the Horrowe�,And ;.,�,,.�y,�r�_�i.v
<br /> — -----=���r_, ,i:r.;�;c'
<br /> -- �:': _�f . ,, •�,a',.,axt- —
<br /> (ii)The Propeny is not occupied by thQ purchaser or grantee us his or he�primary�'residence.or the �. -
<br /> =� ` � urchaser ar grantr.e das so accupy the Property but his or her crcdit has not ban approved in accordance with —_,��_��Y
<br /> �_�-- -- - .__. . , p _ _ .
<br /> the requirements oi the Secretary. ' ' �
<br /> ���li�s� �. .--
<br /> '° ` `�' '�� • • Ie) No Walver.lf circumstances occur that would permit Lender to require immediate payment in full, but l.ender «' _ _
<br /> does not require such paymenta. Lender does not waive its rights with respect to subsequent events. ����'•�`i��u
<br /> :�,.,.,.� .. , .,�.;:--
<br /> �; �r11�.:. :..
<br /> �`�` (dl ReRulpllanao[HUD Seeretary.!n many circumstances regulations issued by the Secretary will Umit Lender's rights .� 'r���. :
<br /> f.=��4,;; " �� • in t he case of peyment defuuks to require immediate payment in full and foreclose if not paid.This Security InstrumeM _
<br />,,r,:�,�;�. ^•'K . , does not nutho r ize acce lerat ion or forec losu r e i f n o t p e r m i t t e d b y re g u l ations of the Secretary. _ �--�-
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<br /> '' � 10. Rein�tntomeat.sorrower has a right to be reinstated if l.e�der has required immediate payme�t in full because of
<br /> '��;�'.; Borrower's failure 10 pay an amount due under the Note or this Securiry Instrument.This right applies even after foreclosure �__w
<br /> �-�':•�� ; ` '� proceedings are insdtuted. To reinstate the Security Instrument, Borrower shaU tender in a lump sum all amounts required �,o„s�.-,_
<br /> � [o brtng Borrower's account eurrent including.ro tlie extent they are obligations of'Aorrower under this Security lostrument. .,;,..,�....�:-
<br /> '` " _�' " ""� = farcclosnre �ts and reasonable nnd cuR�omary attorneys'Pees and expenses praperly associated with the foreclosure praceeding.
<br /> �r�' �`� Upon reinstatement by Borrower,this Security Instrument and the obligations that�t secures shuli remaiu{u eii'ect as if Lcndcr �;._
<br />-- w• ' had not req uired immed{ate payment in full.However,Lender is not required to permit reinstatement iP:(i)Lender has accepted �%�___
<br /> � reinstatement after the commencement oP foreclosure proceedings within twa years immediately preceding the commencement ,,�:-,_��•:-_
<br /> 3.; �' � of a current foreclosure proceeding, (ii) reinstAtement will preclude foreclosure on different grounds in the future. or (iii) �__,���,y�._-_
<br /> - �� ���"�` .,'„� �- reinscatement will adversely afPect the priority of the lien created by this Security lnstrument. .. ._
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<br /> '.;i' �, ' 11.Borrower Not Released;Far6es��nce By Lender Not a WAiver.Excension of the time of payment or modification _,,,.�,,.�_,n
<br />, �.;;,, �r ���•�• . � ,�-, af amordzation af the sums secured by this Security Instrument sranted by l.ender to any successor in interest of Borrower l,.K_._.�r: �
<br /> t•°. . ` '�-
<br /> �.; :�,,4 ., shell not operate to release the liability oP the original Borrower or Borrower's successor in interest.Lender shall not be required -
<br /> � �1';��• � � . to commence proceedings against any successor in incerest or refuse to eztend time for payment or otherwise modify amoniration �r.
<br /> ,c:., -
<br />� •,.,���. , of the sums secured by this 5ecurity Insaument by reason of any demand made by the original Borrower or Borrower's successors �
<br />' �Y�� r. , '.�i�;a
<br /> ' in Interest. Any forbearance by Lender in exercising any right ur remedy s ha l l not b e a waiver oY or preclude the exercise of , �Y�N�
<br /> �:�;.����r •,�•'�%:::..:':+' any right or remedy. �.�-::;�
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<br /> °°";' " 12.Successors and Asslgn�Bound;,loinl and tieveral Liabilily;Co-Signerx.The covenants and agreements of�his Security �.rK ��....—
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<br /> Instrument shall bind and benefit the successors and assigns of Lender and Borrower,tiubject to the provisions of paragraph
<br /> ��"' � ' 9,b. BorrowePs covenants and agreements shall be joint and severAl. Any Borrower who co-signs this Secunty Instrument ,,e_
<br />_..... , . .. �.. ... . ...
<br /> � �� • but does not execute the Note:(a)is co-signing this Securiry lnstrument only to mortgage,grant and convey that Borrower's � .
<br /> `� ' '� interest In thc property undcr the terms of thi.g Security Instrument;(b)is not personally abligated to pay the sums secured
<br /> ' '��'�, , � by this 5ecurity Instrument;und(c)agrees that L.cndcr pnd nny athcr Borrowcr may agree ro extend,modiiy,forbear or make ���_
<br /> ��.� i '?°`•r'. any accommodatians with regard �o the term af thic 5ecurity Instrument or the Note without that Barrowe�'s cansent. �....�_ _
<br /> (:.,'4, J ��:_� .
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<br /> � 13.Notices.Any nntice to Borrowcr provided Por in Ihis S�wurity Instrument shall bc given by delivering it or by mailing �-_ _
<br /> - ; ` , , it by first class mail unless a licable law requires use of another method.The natice+hall be direrted to the Property Address ,;� �
<br /> pP
<br /> � ' � or any ather address Borrower designutes by notice la Lcnder.Any natice to Lender�hall be gi��en b��first rlass mAil 10 Lender's �d,+'�zr;Y.�_
<br /> • ° • ' address stated herein or any uddress Lcnder designates by notice ta Borru�vcr.Any nati�c pmvided far in�his Security Instrutnent ' .`;�,�.�i'�.�?;_`
<br /> ' ' ,,.'.�r�.�;;.,,t:'F,•
<br />-. . � , s . '',,,�� shaU bedeemed to have been given to Borrower or l.ender��•hen given a�provided in this paragrAph. :t.;:.',•„,,.;�-
<br /> ".;,�:,',<:.,,
<br /> � 14.Governing L�w:Sevembflily.This Security Instrument shall be go��emed b�•FederAl law and the luw of the jurisdiction •
<br /> , in which the Property is located. In ehe event that any prosisian or rlausc of ihi�Security Instrument or the Note conflicts '',;'�':;�;;.',
<br /> with applicable law,such contlic�shall not uffect oihrr pro��icion�oP thit Securit}•Inurument ar�he Note N•hich run be gicen ! ' � ` �
<br /> ��'�,, � effect wi�hout the conflicting provision.To this end the pro��i�ionti of thi.Sc�uriq• Ins�rument and �he Note are declared to '.,;}�';:,::,;i;'
<br /> ' be severable. "'��
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<br /> ' , IS.Borcower'z Cop�. Borro�ccr �hall hc gi��cn unc ronfurmrd rap� ol thi� ti��urity In+trumcnt.
<br /> > ' ' 16.�►sslRnmenl o(ReNc.Harrox•cr unconJi�i�,nally a+.ign,and tran,fcr�to I rnJcr all�hc rcnls and re�cnuc+ui�hc Pro�xny.
<br /> ' Borrower authorixcs Lrndcr cir Lcndrr',a�.cnt��o ci�llrct�hr rcnt�anJ rr�cnuc�anJ hrrehy dircrt.carh trnam ut'thr{'roperty ,
<br /> � �. . . - to�+�y �hc rcnt�to Lcndcr ar Lcndcr', agrnt�. Hu��r�cr. ��ri��r 1�, I rn�l�r'. nnticr ta Horro���r uf {i��rro���r'. brcach ul'an}�
<br /> covenan� ur agrcemcnt in ihr Sccurity In,irumrnt. 13urru���r ,hall rollrct and re�ri�c all rrm.and re��nucti ut'thr Nruperl�
<br /> _ ..�ructan fnr tho hrtlP�ll of Lcndcr and l3orroa�r. I�hi�i11�1$OII1CI11 l)� Il'lll�t1111tiUlUll`�illl if�1�O�UlI`il��l(:tltlll`lll illlli I101 illl
<br /> - . A�signmcnt for :�ddi�ionul+c�uri�y unly. ':
<br /> ' � ! �r � • If L�nder givc�nuticc ul'brcarh tu I'l��rru��rr:lal all rrnt.recri�r�h> B�,n�u��cr+hall hc h�ld b� Barr�i��rr n��tu�tr�lur 'I
<br /> ° '' ' bcncfit ul' I.cnder only. to hc applicd tu�lu,um�+rcurrd b> thr 5r�urii> In,triun�nt:I1,1 I rndcr .hall Nr rnti�lyd �u cullr�l
<br /> and rrccivc all of'�hc rrnt+ol'thc Pruprrty:and Icl�ach irnani ul Ui� Prorrny.hull pay all ieni..iuc and unpuiJ tu l.rndrr (
<br /> . ,. ' . � • ` ' or Lcnder'+agent un I.rndcr's��rittcu drmand 1u tltr irnant. .
<br />. . 1,.f, . . . .
<br /> '�''�. ?��i��r�`..•,•:;.;;,�:. � Horrou�cr ha+nrn cxrrulyd an�•priur ati•ignmenl ul'Ihr r«u,and h�•n��r and„ip n��i �xrrlorm am ac�thut��auld prr�cnt
<br /> -;, r,: ;� . .
<br /> ' ;;:;;;;;;;:!,,.','°..'•,� I.cndrr from r�ccrcisinF its righu undcr t hi� paragruph I6.
<br /> .�' ' , ' ' • I.cndcr+hall not br reyuircd tc�rnt�r upan,tal�r cumri,l ul'ur main�am it�c Pr���,�n� [�Cldre��r af[�t gi�ltl�!ni�11�C i�l hrC:�rh
<br />. . ' lu Horro��cr. Ho��r�cr, l.cndcr ur u judiciall>� appaintrJ rc�ci�rr m:�� do>�,at xm iimr th�rc �•a hr�,i�h. :\11) a��pli�a�iun
<br /> ' ul'rrnt+�hall nol �urc or��ai�c any dcl'ault ur imalidatr c�n) ��thcr ri�h� nr rcmr.l> ol I rndcr T i�,•.�..��nmrnt ut irnt, �,1
<br /> .. . . . . Ihc t'ra�rty +haU tcrminatr ��hcn�he debt +crured N� Ihr ti�curit� lmu•um�n� i, pai.l in lull.
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