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<br /> � ` p�ymeoES.whiCb�rE tefated t0 ln�����t�CrE SOC11 paytlneats- Aay e�coas p�oo�edt�w�4� .
<br /> s�oa�ibqa3ced�o a►xali o�$� awdix t�e xote�a tms sec�tticy tu.wan�t ab�11 be�w�o me�► .
<br /> � � Faa. I.�der pny oo�i�t fas aod ctncges�by t6e Sea'et�'• � < < . ` •.
<br /> r � . ! G�ront�t�r Aacd�dD�� < ` . � � in the ats�of paymeat defauit� .
<br /> . . (�}�asM: i�er m�yrexceR as l�by�W�as i'�d dY the S�a�Y
<br /> � ` F : Y � PQY��tWlaftils�anssarta+e�iysh�sSacu�jFInss�tm�aui� -
<br /> ' � . < (�Baauwe�defa�ita bY fi�8�m 5il1�a3►ars�tl�'PpYment z'e4aited bY this Scea�itY L�P�� , .
<br /> _� � . � waontbe�uadaoeoft6e�at paymeat,�: ` ' . , .
<br /> _- — _ � Gi)Bonuwer_defau8s by,fi�ing.t'+ar s getiod of thuty days,w perf�rru au�+otber abtigations 000tainea ia tbis
<br />_ --r� . � , . . ���q�� • • - • , .
<br /> �,- . . (�)��Willrwt Cieilit APPro�sl: l�eadec s1�A,if pe�ritted 1►Y ap�li��b1e 1aw aifd ait�tb�eor�PPi'm!at°f't�e
<br /> _ • Socie�y.reqitite�u�o�soe�aY�in full of aU ihe swns seccmod by thcs Sav�ity tnswment� ' �
<br /> -_- � � (�}All ar p�t o�d� y.or at ba�eficisi intrnest in a�ost owning aA or p�t o�t6e ptopetty,is sold ar
<br /> � ` . � � otLecwise traa4feaied(o�than�y derise atdesacat)by the�muwer,and � `
<br />�,�; ('»)7be Fmpercy is noc 000upieil bY�P��8�?��as his as lier p�incip�t nsidax�r;a�r t�e P�achaset � . .
<br />� �'� , , or g�tee dties so ac�xipy dre Plropecty but,tds or be:r c�edit has aot been appmved in,axordanoe ` .
<br />��• , ` �ritd the requ�em�a�tbe Sp�uy. � m fWl.bai f.ender
<br /> _ (c}1W Wat*e� If cicruma[snoes ocpur d�at wonid pe:mit I.ender to i�eq�ur�c immediate p�ayment-
<br /> does mt�qui�e suchp�yme�t�,I.snder das ant wuvc its r�ghtx w�threspect w subseq�ent events.
<br /> (��u[H[JD Stcretar� Ia mwty ci�regalafions issued by tde SecndalY will li�it Lender's
<br /> � � rigMs.ia d�e Case of psyaia�t defaWt�,to r�oqt�+e i�edia�e PaYma�t in fnI!aad fonxlose tf aoti '1'� ,
<br /> _ . Secarjty lnsonm�ent does not autAorize ao�eteration m fareciosuce if natpennitted by negu�iaos of'tbe S�tary-
<br />- (e)Mort�e 1Yot l�Oret� Horrnwer agrees thac sliould this Sac�ritX h��d tlr no[e secunod theaby aot . —
<br /> - ' Ec elig➢61e for i�aana undet the Nadonal Hous6ig Act within . _ from t6e -
<br /> � . d�te Mco�I.eode�maY.at its option and notwithstau�ding ar�rthirt$in Patagiaph 9,te9ate'm�d'iatc�y�nt in- —
<br /> ':,���• °. �" �`' � � full of ait sums secuned by this S�uicy l�saument A wriuen statement of�y anthoriu�agent of the Secretary , ��
<br /> �.`"'' �� i� wpil � �tew
<br /> +.�=�"'� - - - ��q� - t6e dete hete0�dectining to iIISUIe this SeC11[ity - -
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<br /> ,_ ._,��_.��:� . �aent and tl�e irote secared dieneby.s6aU be deemed co�chuive pruof of s��neligb�'ity. Notwithstand'u�g �� *r:
<br /> .�:`�*�"��=}t d�e foregoing,tdis optioa msy not be cae�ised hy i.endcr when the unavailability of insuranoe�solely due to ��
<br /> • •,�=��-;: .. << � I.ader�failute w s�nit a mortgage insura�ce premitrm to the Secretary ' ` ,-- - _
<br /> -� ���;-��:_
<br /> .' , ., IQ.Rdasdttemeat. Borrower has a rigM to be ceinstated if l�endcr has required imntediate payment in fuU because
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<br />- �." ",•` . . 'of Bofirower's faituce to aa ama�nt due wider the•Note ot this Secttrity lnsumne�n. This rigtit applies even after � '
<br /> - -- ,�-.:�=:� • 1�Y ��'.��_
<br /> �'� '�:+;• foneclosuce pmcxedings ate instiaued. To reinstate the SeeurieY lnstrwnen� Borrower shall tender in a lwnp sum a11 = -....
<br /> ��;���:':' ''.=, .' amounts t�quind w�bcing Bormwer�s accamt currem inclnding,to the extrnt they are obligations of Aorrower uesder this �
<br /> ;:-.:^,;'.x.•.•. . ,; 5ece�ritY Ins�ent.foneclosure costs and reasonable and c�swmary attomeys fees and exPenses PmPeTiY assaciated with �.���o=
<br /> •_ _{^��i_r._„;:. ; - � die foieciosuc+c pcoceeding. iTpon�+ein.statema►t by Bamnwer.this Security lnstrument and tl�obligatioas that rt sxa�res =-_ -
<br /> • . shat►iemain in effect as�f Lcader had not rec�aired imme�ate payme�rt in fiill. Hov►�ever.Lender is not rrquu�ed to pecmi� .�;�.;,�:;_.
<br /> ' � �' n�tate�eni�£ (i)Lender has accepted�atemene after the commenoeme�st oi fojeclosure proceedings withm two , ~..�����
<br /> - - ; � . , . , .. :�_.._�,_.
<br /> • years immediately pn�oeding the comme�xement of a cument foreciosiuie praceeding. tii) reinstatemeat anll p�+ectude . ..;��� :,
<br /> ' . fonclosutt on different gc�nunds in the fuwre.or(iii)minstazement will adversely affect the priorrty of the lieti created bY • '��' .. -
<br /> . . this Security InsuumeaG � � -. _
<br /> � - � � Il. Borrovrer Not Released; Forbearance D� Lender Not a Waiva: Eztension of the tirae of paymene or � _
<br /> ' � � � � � modification of amortization of tUe sums secured by this Security Incwment ganted by Lender to any surcessor�n mterest - ; -_
<br /> , �� . „ ,,_ of Borrower shall not operate w release the liability of the originai Bonower or Borrower's successor ia interesG L.ender . '_
<br />� . . , .: • . shall not be neqa;ned w commence proceedings agairist any successor in interest or refuse to eMend time for or �, "
<br /> • othotwise modify amorti�atian of the sums secumA by this Security Instrument by reason of any demand e c by the �;:
<br /> '. `'' . . . .: o r i g i n a l Borrawer or Borrower's successors in interest. An y farbearance by l.ertder in exercismg any right or r�medy shail •
<br /> . i.
<br />-.--. ' � not be a waiver of or proclude the exercise of any rigfit or remedy. _ ._ �
<br />• ' � �: � . 12. Su�essoes and Assigps Bound;�dnt and Sererai I.iability;CaSigRers. The covenancc and ageeme�s of .
<br /> a
<br /> • ...,_ _�_ . ,._ �s Sect�riry Insirument shali bi�and ben�t the successots and assigns oi Lender and Borrawer.snbjec►w the prov�sions •-� ----� .
<br /> " �. ' • of Paragraph 9.6 Borrower:s coKenants and agreememx shali be joint and scyeral. Any Borrower who co-signs this �
<br /> � � Security Inst�nt but does nat execute the Note: ta)is co-signing this Security Instrvment anly ta mortgage.grant and �'.;
<br /> �• .' comey that Bartawer's interest in tha Property Lnder the terms of thi.s Security Insuumem:lb)is not per.wnally obligated to .. . .- �
<br /> � - •-. pay the sums secured by this Security tn.tiuumen�and lc1 agrees that l.ender and any otfier Borrower may agree to extend . �
<br /> �' � ' ' modify.forbeat or malce any accommodations with mgard to the termy of thiti Security Instrument or the Note without that °. �
<br /> .., --•�,� --:..,_ -:� ' $orcower s�consent. �. --- -
<br /> . ,,;- .
<br /> . l� Notices. Any nodce to Bnrrawer provided fi�r in this Security lnstrumem tihuQ be given by delivering it or by � � .�
<br /> ,�F���J . mailing lt by first cla.�c mail unles.s appiicable law requires u,e of another methai. The notice•shall be directed to the : +
<br /> ' Property Address or uny other address Borrower designates by notice tn l.ender. Any natice to l.ender shall be given by
<br /> - - � -_�--� -= first class mail to Lemlers addresv stated herein or any ucldrews Lcnckt dc+ignate.by notirc to Borrower. My nmice :.-. .__.-. _
<br /> � _ � ' . _- Qtovided for in thi�Security Instrumcttt shall be decmrd to havc txcrt given to Banower or l.cndcr wheo given as provlded _ ,
<br /> . �. � �n this paraBraPh•
<br /> , • � 14. 4overning L�r:9everabillty. This Security Instrumcnt vhull bc�rovcmai by Fe�ierul law and the lxw of the I' •
<br /> - ' jurisdiction 1n which the Property ix located. In the event that uny prnvi.ion ar ciau.e of thiw Seeurity lnswment or the .. •.
<br /> ;.. �._ • � Notc contlicts withappticable law.�ach conflict ahali not affect rnher ptovi+ions of this Secoriry in�trument or the Note
<br />- " •• . . ' , ' which¢en be glven effecl witEtout the rnntlirting provision. To thi�end the provi�ionv of thi.�:Sccurisy lnstrurnent attd the �
<br /> _._ .•_. .._. ._ _ Note arc declared to be sevcrablc. ' ' � � ,
<br /> .�r ` " � ' 15. Borrynrer's C Horrower s 1 be �ven m�e c�mformed cu of ihiti 5ccurit imtrumem. � �� �
<br /> -•' � � 16..AasJgnmmf ot�Rents. Borrnwe�r uncm�ditianalty�..signs and�an�fen to Lcnd i afl the mnts and revennes of the 'E ..
<br /> _ #:.;'`'�.�`, ' Praperty. Borrower authorizes I.ender ar l.ender:s asems to collect the rents artd revenueti and hereby dimcts each tenm►t of f .
<br /> -�� � the PoopcRy to pay the rent�to Lertder or l.ender�apents. Hmvever.prior to Lcnder's•notict to Botrower of Borrower's � •
<br /> '' •�• � " bmacb of aoy covenant or agreement in the 5ocurlty lr�tiuumen�Bnrrower shall cottect smd t�eceiv�e all rentg and ievenues of • `'
<br /> ' �: .�1,;,7. • �.
<br /> �{. f y the Froperty aa Wstee far the Ixneflt.of Lender smd Bnrrawer. This assignment of mms caa�sritute�an absolute�igert�ei�s �----::_--.
<br /> : atd not an assigmt�ettt far additional secudty onty. . �• ..
<br /> `-.r - `c�'-�-- `�T.' !t Lender gives notice of breuch to Bo�ruwer: (al a11 rents nreived by 8otrower shall be held by Bortower ay mistee
<br /> ��, -;':'-7. - • . �.� tbr beaefit o!Lender only.w beapp}ied ta the smn.a.sec�c�ed by the Sucurity lnsttumem:-(b?Lender shall be eatIded to ; - .
<br /> 6�.�" ��r?' `='=�'�';,. ¢ollect atd receive ail of the rents of the Pfropetty;mtd(c)e�ch te�nt of the Yr�peny shall pay all renta due and unpaid to E •
<br /> ,,� �,';;:_.. . lcnder or l.ender�agent on Lender's written demand to the tenittttG . �
<br /> ":;:��;;,,._ Banower has tat exeaut�d an pr�or ussigan�ent of'the rpnts.and has aot am!wili not perfom�any act thttt woutd' ;
<br /> - , .-1 -_�..-�•°;:. - ,,� pnwent Lende�from esercising�tc�r�his w�der th�s taragraph 16.. : .
<br /> ' *- :"'�,ti:,:�.?; ` l�ender shall no1 be r�equir�d to eMer upon.tatce caetrol of or naintain the A�nperty befare or after giving mrttre of +. ..
<br /> �en �yr
<br /> .j . ji.��,�•«�;.;' bn�ch w Hor.cower. Howevet.Lender a�judlciai it aAwinted te�eiver tray do so at arty time there is s breach. My �
<br /> �,;,"- -- -- �;';y'',, - _ . ..---e�p�o��ts shal�ttat cdpe nr waive atne defau a3nva}idale a��ecr iight� of leatkr 'f his assip�n� • . --. �.-__--
<br /> tz�.. • . .of rrnta ot tbe Property shg11 terry�inate when the debt secu�ed by the 5ecuilty lnsuument is d in#uli. �
<br /> Pc-� _ • , • • - . .
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