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<br /> __ _ -� ,�ro�b�ad Q.`yde�'ed��`�d�e.00uat d wcb p.rinaM.. Any.�ew.pboMd.oMar M
<br /> dl ond�e1M i�IoM�al ii�ity IwqunMnt WrY bi�it1 ia die mtlqt
<br /> IMaU awtled thaeto.
<br /> � l�t. Lender may oolkct[ees�ad cb�es wtlad�ed b7►die S�erwrY.
<br /> !. Ge�a�de Ibo Aa�rNio�ot D�6f. i�����in tbe cs�e d p�yawat delwhs,
<br /> ��irqxhe�femnadi�e,��io�o[�U��ec�diis Sacudty In�autna�t
<br /> .—.— — (i)Bonowtr Ns by fdlina to p�y in iWl an9��Y l�l��'09�bY�+�Y 1�P�
<br /> to or oa the due dde d d�e next ma�tblY MY�a ,
<br /> ii)Hamwer dafwia 6y faiW�.fa a periad ot d�ty d�y��w perfam�uy odter oblipdau oonqined in d�
<br /> (b)Sde��Yitbont�It Approval. Lender sh�ll,if pormiued by�pplk;able law a�d wlth the priar�pp��u�vd of 16e
<br /> d�ry.�!���MY�t in tWl of dl the aw�u secwod by this Secudry Insuament if:
<br /> �(i)All or p�rt of the Prnperty.ar a baie8cid inteneat in�dust owninQ all or put of the Propaty,i�eold or
<br /> otlKtwi�e traacfcaed(otl�er th�n by devicc or dcscent)by the Bamwtr.aad
<br /> (ii)71ie PropettY i�not occupied Oy the P�6ut hia� crodit I�s � spp�uvod in �o�coid�uoe
<br /> ot gtantee daa so occupy d�e Pna�erty
<br /> vr�th the ro�i�e�r�ta of the Socticlary.
<br /> (c)No Wdver. if cincw�stanees axur that wouW pamit L.erder to requi�e i�ou�edia�o pyma�t in fuli.but i�atder
<br /> ,,:.�� does not such ts.l.a�cler does not waive its nighb wiW�es4ect w aabsequent events.
<br /> .t_�;;� ld)We�ul*�ot�sewYt�n In mmy circum�uu�ces reguladoos��suea a�r rhe secreu�ry ww umit I.e�ry
<br /> '�Hghts, iq the cnsc of p�yment de:wlt�. wrequiro immediato payme�t m full +�nd forocloso if notp�d. 7bu
<br /> -'.r ._� Security In�wment does not aut6a�iza wceler�uion or foKClo�uro if not petmitkd by rcgulatioru of the 4ocr�ary.
<br /> _- --_:���.r�:` _ (e)Morig�x Rloi I�c�. Bwmwcr agr^�,es thac shauld this SccuritY 8 ��wnth�dx uote secu�d from the
<br /> �,.r�����.�
<br /> -°— be eligible for insur+wKe wder the N�liotul Housing Act within
<br /> 4.:,�.�
<br /> •;,•;� dote hereof.i.ender may.at ita aption and notwithctw�ding anything in Huagru�►h 9,require immediate p�yment in
<br /> ;.�1 full of all sums secw�ed'b��oA��ty Inwrument. A wiitten statement of any aulhorizod�gent of Ihe Socretuy
<br /> ;;',�� dated subsequent to from the date hcrcof.declining to inaure thia Security
<br /> insWment end the note cecured therc'by.sha��be dcemed conclusive prnof of such ineligibility. Notwithst�nding
<br /> - the foregoing,ihis option may not be exercised by Lender whGa the uoavai0amility of iasurancx is sokly due to
<br /> Lender's faiiurc to remit a mortgage insurance premium to the Secrctary.
<br /> �� ---�;;�� 1Q lteiasuhmenw Bonower has a right to be ainsmted if L.cnder has rcquireiJ immediate payment in full beGUSe .
<br /> uf Borrowerk failuro w pay en amount due under thc•Nae or this Security InswmcnG This right applles even aher
<br /> -����� ' f o r e c l o s w e p t o c e e d i n g s a ro i n a t i t u t e d. 7 b r e i nstate the Securi ty insdvment. Borrawer shall tendee in a lump sum nll '
<br /> ^ `�'_ amounss rec�aises!te bting Horr�w�rh acawnt current including.w tbe extent they arc•obllgations of Borrower u�der thia'�, .
<br />- �""- .� Security Insqument,foreclosure costs and reasoneWe and cuswmary aaomays'fces uad e�cpenses properiy associaled witb. '
<br />� � the�Foreolosure proceeding. Upon reinatatement by Borrower,this Security Inatrument und ihe obligations Uwt it secures
<br /> � shnll remain in offect as if l.ender had nat rtc�uired immzdiate payment in full. However,Lender is not required to ipermit
<br />�' �`"= reinstetement if: (i) Lender has accepted remstatement after the commencement of foreclosure proceedings withun two
<br />- '.',.. years immediately preceding the commencement of u current foreclosure proceeding, (ii) reinslAtement will proclude
<br />. " foreclosure on different grounds in the Puture,or(iii)reinstatement will adversely affect the prioriry of the lien crrated by
<br /> - �_ this Security Instrument.
<br /> ' 11. 8orrower Not Released; Forbearance by Lender Not a Wafver. Extension of ttre time of payment or
<br /> � modlfication of amortization of the sumR secured by this Security Ingtrument granted by Lender to any successor in intercst
<br />- �� �f' ` of Borrower shall not o ratc to release the liubilit of the ari inal Borrower or Borrowcr�successor in interest. L.ender
<br /> ���`��� I shall not be rec�uired ro�commence proceedings uguinst an�successor in interest or refuse to extend time for paymmt or
<br />;� ' - othenvise mod�fy amortizadon of the sums secured by th�s Security Instrument bX reason of any demend made by 1he
<br /> tt4*- �� '" � originsl Borrower or Borrower�successors in interest. Any forbearance by Lender m exercising any right or romedy shall
<br />_ �' n:i,�'r. .�
<br /> .�� i�;��r�:��,..,w,. . not be a waiver of or preclude the exercise of ony dght or remedy.
<br /> ' ,�,,;�;,;e,;��,, 1�. Successors and Assigns Bound;Jeint and Several[.iability; CaSigners. 7'he covenents and agrccments af
<br /> '� ' �� � this Security Instrument shall bind and benefit the successors nnd assigns of Lender nnd Borrower.subject to the provisiona
<br /> :�.,.� .
<br /> �$��i�csr,�,.�ab;i. ��.:_,.`�
<br /> -�;',;,:• ,. __,, .. of Paragraph 9.b. Borrower�s covenunts nnd agrcemenls shnll be joim and several. Any Borrower who co-signs this
<br /> -�a- •� : -�,,;x,,',` Security Instrument but dces not execute ihe N�te; (u)is co-signing this Security Instrument only to mortgege.gmnt and
<br /> 'r'•�.�••' convey that Borrower�s interest in the Praperty under the terms uf thix Securiry Instrument;(b)is not personally obligated to
<br /> � � �"`�`f.• ��d. ., ., pay the sums secured by this Securiry Instn�menr,und(c)rgreeti that Lender und uny other Borrower may agrce to extend,
<br /> _ '''"���"r�,��;� mod�fy,forbear or make any uccammodulions with regard to the t�rtns of this Secunty Inswment ar thc Note without thet
<br />`,;~`.•., ''-�,��'?;�� i:� , � Borrower'�conxent.
<br /> �-.-�..'`. • • '�" �« 13. Naices. Any notice to Borrower provided for in this Security lnstrument shall be given by delivering it or by
<br /> � ,. •,, mailing it by first class mail unless applicable law reyuires u�e of unothcr method. The notice shall be directed to the
<br /> ==r-,: f,,n, , �i '��{: Propeny Addreas or any ather address 8orrower designates by notice to Lender. Any notice to l.ender shall be given by
<br /> ��" � ,4�'��.� - � � firs�class rnail to Lender�uddress stated hetein or any �iddress Lender de�i�tnules by notice ta Horrower. Any nolice
<br /> ��,.:. � X r,,�: rovided for in this Security Insuument�hnll be deemed to huve tieen givcn to Borrower or l,ender when given as provided
<br />�`�.''�- . Q
<br /> ;.,�.,�i, :L • �n this purugruph.
<br /> �'�����; 14. Governing Law;Severability. This Securiry)n�trument xhall Ix govemed by F'ederal law and the law of the
<br /> , ,. jurisdiction in which the Property is lacated. In the event th•rt any provisiun or clauxe of this Securiry Instrument or�he
<br />-- .. �-��• �:.;. __^._ Note ronflicts with np�lioohle Inw,.uch conflict ,hall not uffer�rnher provisions of thic Security]nstrument or the Note
<br /> �''� �'�: � which c:u�be given eftect wiihout the conflicling provision. To this end the provisionr of thi9 Srcurily Instrument and the
<br />- �� �`� ,�t' Note m+e declared to be sr�emble.
<br /> L ,1>;',.,•�.,.
<br /> �- ;;;.,�,.�<•• 1S. Borrower's Copy. 8omower shull be given one conformed copy oi'thiti Security lnstrumem.
<br />- � �j�i�� "• 16. Assigr+meni oP Rents. Bortower uncanditionally a,sigm and tr,msfer�ta Lcndcr all the rents and revenues nf the
<br /> �,.,' ,.:��,.,,�
<br /> •;>; ti':;,\,?,i�Y':.,..: ' ..;:1, piopertY. Bon�ower au�horizes Lender or Leader's agents to collert�he rents and revenues und hereby directs euch tenant oP
<br /> _•�'•T��� • �;.f�$,��`��;;<�+.,;� ��, ttx Pmpeny to puy the rents to I.ender or Lender's agents. However,prior to l.ender's notice to Bonower ot'Borrower's
<br /> _ . � �•}'"i•`•� �' •'f�' breach of uny covenent or ugreement in the Security Instrument,Borrnwer shall enllect and receive all rents ond revenues of
<br />_ � �,..�1•,•.;u.,'�'. :�.:�,
<br /> �: z � ;�?���b!�'.-.,:,.<•,��' the Property a+trustee for the benefit oF Lender and Burmwer. This�.tisignment ot ren�s cans�itutes an absolure assignment
<br /> �•ti y; . � "�"; ::..;,." wid not an assignment for udditionul security only.
<br /> � If I rnder oivcc notice of brench to Borrower. �al all rents received bv Bormwer shull be held by Borrower as trustee
<br /> �� 'i�t� + � . `: for benefit of Lender only,to be upplied to �he sums securcd by the Sccuriry Ins�rument:(b)Lender shall be en1lQed to
<br /> �� ��� �.'.. �' collect and receive all of the nents of the Property;ond(c)euch tenant of the Property shnll pay all rents due and unpuid t�
<br /> , ��.::..�..
<br /> •. . ,. • L.ender or Lender§ugent on Lender�wrinen demand to the tenunl.
<br /> ' � � ` � ` Horrowcr has not cxecuted any prior sus�gnment of the rents und has not nnd wlll not perform any uct that would
<br /> •.� — ,*�-�'��•���-��� p�rvent L�nder from�+c�rcising its rights undcr thts P�agnsph 16.
<br /> • '�� �'%�•" � - Lender shall not be rcquired to cnler upon,lake control of or mnintnin 1he Propeny before or after giving noticc of
<br /> '�1^u:�t:.'�� brcach to 8amower. However,Lender or u judicially ap�winted receivcr mny do so�t ony rime�here is u breach. Any
<br /> .~..:. �. .. applicatian of rents shall not cure or waive any default or mvalidute s+ny otMer right or remedy of L.ender. This assignment
<br /> '��: . '. • of rtnts of the Property shall terminate when Ihe debt secured by the Security Instrument is pa�d in full.
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