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<br /> — ;�• - �oa�c�e�a��co p�gr�n�o�u�admg�e�s m,aar t�.tYa�e a�,a�is�securicy ro.w�em sMit te p�io co rn�«�►
<br /> - - e�tkdthe�eto� =� . __ '_ . .
<br /> �i�s I.endu may oo}lea fa.s and c6�s a4uhcsiied by the Secnetary. � � � � ` '
<br /> ` ' . !GnuurdslcrAcoder�tio�l�lkbt � . ,
<br /> (�}Dd�dt. Lmler may,exc�ptas�iiY t�issned b�r�he�Y����`��"�•.
<br /> - — `—, ` `teqalre�paymentint�ltofaffs�.g�edbg�eis�eCauityl�metui�' F, - - ,
<br /> _ n�a�mr�by�g m po►y�r�u�►y��r�c��oa bi►�so�;�r r�nc�
<br /> ° - wor an rbe�ue aue a�we�t maa�ty pay�nen�.or �� . - . .
<br /> -- ` (�Haaorova�by fa�'mg;far a p�iad of ttu�tY d�Y�•�P���Y atber ob6�atiaas cootaioed in this
<br /> --- • In�.� � . � . ,`
<br /> - - �• (b)�Cre�t Appe�otal.i,a�der sdsll;if Penmimed bY aPP�c law�,/�n•dl the prior app�v�T of tbe
<br /> � ` �Y.�9��P'�i��ia faII af ai!drc sams sacand hy t6is Sanaity�toma►t if:` � - •
<br />- - . ' (�AlI orp�tt of tL� y,ar,�bmeficiat iote�t in a trust owaittg.aA or�ur of the�upetty.is sold or
<br /> _ . . ' athe�aise mmsfeued(a�tl�n iry devise or dascetH)by t11c HorRower,a�d � � `
<br /> — _ • Cu7 Tbe PmpeatY is mt axupied bY d�e�P�uc�set or�aa�e as.6is or her.ptiucipal nasidence,or.the purehaser
<br />_-- � � gtimee does so oo�app the ptoperty Mu his or bet ar�t has aot ban appraved u� aocos�x-
<br /> � • `. ' � (cj 1Vo�W�t�er.�oc�woWd p�nit t.ender w require inaao�'iate�ram in tuA,h�u�.ender
<br />_::,:�
<br /> ,- • does aoc irquir�e such�ymee t.enaerdoes noc waivc its righcs with ies�ecc ca subsequent events.
<br />_ ` ,�(d}�d H[3D ��netary. Ia many ci�wastauces ng�ons zss�td by tM Secsdary wUl Wnit l�enda� - _---
<br /> '-�, •. � egh�,in!he c�se of pay�nent Qefaults.to re�uu�e imnKdiav�.payment m fa11 and faectase d uot pa�id. This ---_
<br />- Secuiity L�tnar�ent daes mt su d�o r i z e�c o d e x a d o n ur faec i o s u r e'�f n a rt p e m�i m d b y r e g u l a ti o n s o f t b e S a�n c t a ry. -- �
<br /> -- ' k)�Nd Iawn+d. �onower agteFS that sltatld tivs Sec�rtty Instrumrnt�ind tbe nbte secur+ed tl�cneby not c , —
<br /> _ ., 6e eligfile for ins�aace nader the Nanoaal Housing Acc wirtbin 8 wloatLa � from�the .
<br /> - � , date heroof.Lender may.at its op�ioa a�x!natwithstand'mg anytbing in P�ragtaph 9,«qi�immediate payaunt in -- _.
<br /> _ • ' full af all sums secut+ed by this Seaurity lnst�umem. A wriuen statemem of any suthorized agent of the Ster�etary . - -- -
<br /> __ '�` _. :. At'.t ct,tis�.e.,��_ g poq�pLbs _ _ _ :�ro�thc date he�w�decllinnu�g.w msur,e th,s Secunty - .a---° _ _
<br />- ' �-'""`"3,E;-':_;, � �t and the note secured d�emby.shall be dee�ned conciasive praof of such ineligi'6�ity. Notwid�sta�ing � �,:*:-=_
<br /> -. ��-°' the faegoing.thLa opaon may not be eaer+cised by Lendev wl�en the unavailab�ity of insurance'is solely doe w
<br /> .�=�`::`'-�'? . L�nder�s feilttte toremit a mortgage iasu:anca pt�emittm to the S�y. " '°"""'� �.
<br /> '- 1Q� Reiastatement Borrower hac a right w be ietnstara!ff l.ender has iequired immediate payment in fuli because �.�,�,,.
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<br /> . '3�..-: ,.:-.,.�'" , of Boimwer�faila�e w pay an�due uader the•Nofe or this Serurity lnstramau. This rlght ap�lies even afcer �._.;-
<br /> : '�'y;: foteclasircc proceediegs a�e instiwtod. To r4�nstate tbe SeCUrity Insmat�ent,�wer sf�all tendcr in a lump sum all �__-_
<br />_ ', ,7..<<>, amua�us raryiaea w bring Borrowerk acooura current including,to die extertt they a�obligations of Borrower undet dtis , �:
<br /> _,, w�:-•= ,. _ . ,'Security Insuument,fom,�ios�ue costs aad i+easonable and customary,auorneys'fces and expenses properly acsaciated wiih �4�
<br />__ r„`=-_ . . the fot�ecMsttte p�ooeeding. Upon tein�atemeattby Bomower,this Inst�anent aad the obfigatioas that it socwes ��
<br /> ' ,' ' shaU temain ln e�'ect�as if L�.ndcr had�t re4u�ed immedia�e paym�ull. However.Lender is not nquitod W . �;�T==
<br /> - - �;�;�-::;�.. �t if:�(�2.ender has accept�d nea�statecrtent afeer the canme�cce�e�of foreclos�e prooeod�egs wit�n�two �__��-
<br /> " . �, ' ' yeais Lnmed'iately prr,ceding the comme�tcement of a cument foroclosure proceeding.(ii)ceins�nt will preclude •�r � _
<br /> �;.;:. ...�;_
<br /> .�'�;. �-�-� � fonclosure on diffec�ent grormds in the futut+e.or(iii)reiactatement will adversely affect the primity o!thc Ikn cnated by �'�-
<br /> - � � _ �IIS�M'uC1iJ1��T11SUlUnCIII. ` ��r =
<br /> _ r-��'•.�-. , ' � 11. Not Rdeased: Farbeuame b� Le�tder Not a VYaiver. Extension of the time of payment or � . .`
<br /> .1�..��_,;;.�..;�,;,,. , modifcation of anwr6zation of tRe stans secwed by th�s Security Instrument granted by Lertder to any successor in inurest '�`.�. ;y�-:.�.,
<br /> }i�:'"� � of Borrower shall not operate w Telease the lfabflity of the origirtal Boaower or Bmrnwer's saccessor in interes�: Lenckr
<br /> ='1=:, , �-��.. .
<br /> "`" ��. sha11 rwt be nguired to commence pruceedingr xgamst any sucawsor in intcrest or refuse to extend time for payn or �
<br /> �tF. rv;-._�. .. .
<br /> �Y. ";k#��; u�tKrvvise modify amottization of tue sums x.cured by this Security Inswment by reason of any demand made bytthe � -
<br /> ` - -- . origi�l Bormwer or Horrower�s succ�.�ssors ln intetest My for6earance by l.ender tn exercising any right or remody shAtl - .
<br /> � - - . -� nat be a araiver of or pnxlude d�e exercise of any ti�ht ar remedy. � ..' - _
<br /> -�`:;"�„ : • � la. Suaoesso�s and Asslgas Bound;JWnt and 5everal Liability;Co-Si�ner�. The covenants and,agneements of
<br /> ' ' •�- �� this Seeuri t y In.s�rument sha11 bind and benef it the successorv and acsi s of l.ender and Borrower,subject to the pmvisions � _
<br /> ' `•'�":'.° ` �' •of Paragraph 9.b. Botrower's covenants and agr!eements shall be oint and scveral. Any Borrower who co-sip,ns this ,
<br /> ��Y"°'�'"' Security/nsttument but does not execute the Note: (a)is co-signing this Security Instcument only w mo�tgage.g�t and
<br /> � ' '�' �'��� �• catrey that Borrower�interest in 1he Property under 1he tertns of thiti Security Insuumenr.(b)is not personatty obiigated to
<br /> '�;' '" � � � pay the snrm�secuted by this Security In�trument;and(c)agrces thut I..ender and any other Borrower may agcee to extend. "
<br /> . . � .. -1 , rec.
<br /> ���'�� � �' modrfy.forbear or malce any accoinmodations with regard to the terms of thi�Securny lnstrument or tt�Note without that .
<br /> - ` Bonuwer's consent. . . .
<br />= v,�• . ��: ��,: . l3. Natices. My notice w Botrower provided for in this Sccurity lnstrumeni yhap be given by delivering it or by • _
<br /> . maili it yfin�t clas.s mail nnles.vapp1icabte law ires use of another metltod. The aatice shall be dimeted to the =
<br /> _ ,� ' __ _ Pmp r y Abddmss or any other address�ottawer desi�by natice to i.ender. Any natice to Lendet sha11 be given by ' _ __ __
<br /> ., • ' _- __-- ....:::
<br /> •���� � �� first class mail to Lenderti uddress sutted herein or any addres.e Lender designates by notioc ta �otrower. Any notice _
<br />. _ ��,„� ° ,,,� ' .�rovided for in this Security Mstruti�nt shall bc decmed Co havc bccn given ta 8orrawer or l,ender when given ar provided . .-_.
<br />_ � m this p�tagraph.. '
<br /> }�=;;k�� �� � � 11. Gorerning Lx�v;5evera6iUtx This Security lnstrument shall be g�remed by Federal Iaw and'the law of the . �
<br />- �'� jurisdicdon in which the Property i�lacated. In the event that any provision nr clause of this Security lnstrument.ar thc �,
<br /> _ "�::}; � � Note caa0let�with appl�cable law.such conllict ahall not affect otherprovisions c►f Ihis Secudty Inurumem or the Note • _
<br /> �;;��,, . , which can be given effect without tlte conflicting provision. 1b ihic end the provisions of this Security t�ent and the , � .
<br />- _. . .� • Note ane dec�red to ba�everabk. • ' ' � � . ----
<br /> �'�?:'•'� ���'��� � is Borrower'a Copy, Bcmower ahaU be given one conformed copy of this Securiry Instrumed� �
<br /> ' t E�;�-:���_.° � 16� Aati�nmeet dRentB. Bmrower unconditicm�tly assigds and transfers fo Lender Lll the rems�d r�wenues of the � ;
<br /> _�:..-;�;�r
<br /> , .-L ti:..�� Ptoperty. Borrower suthorizkw l.ender or Lender i+asenta w coliect thc rcnts su�d revcaucs and hcreby directs ea�h tenant of � . ! .
<br /> - . --.��-;.=�;`;`:. the Pt�npe�ty ta Pay the rents to Lender or I.ender's n�ent.s. Howevcr.priar to Lender K nutice td Bormwer of Borcowct's .
<br /> uC x'r ,,' brwch of any covenan�or agreement in the Security la+trument.8oirawer rlwll wllect aml receive all rgnt4 smd revenues of _ -
<br /> _— the Pnnpntg as tru.gtee fa the renef'�t vf t.ertdcr bnd�onower. '1'his swsi�mmet�t of rents canstitutes aut absqtute�atisignmem •�. _
<br /> —' • and not�n assigmne�tt for�dltianal security only. ,: • � �
<br /> �', :;;. ` . U Lender gives�otice of breacb to Bon�ower: (a)atl rents received by Bortower shall be held by Born:wer ps wstee �' '-, -
<br /> _�_:." �y.;;,^=-'. for benefit of Lender only.to beappJied to t6e sums secured by the Security Ittstn�menh Ibi Lender�halt be entiited to � - - .
<br /> "�` � ootkct md neceive alf of the rems of the :and(r)caeh ten�u of ihe shalt all mrtis dae tuW ld to k
<br /> .. :;,�� ..,y �Y �Y PxY �
<br /> =� La�dei or Lender�agent an Lender's wdtten dem�nd to the cenant. . E�
<br /> �^�' ��'�-��-��. tiarower fras not ezecuted any prior as�l�rnent of the rents and has na and will not pr�fomf miy xt ttr,�t wauld r � �
<br /> �;�� � �':', pn.went l.ender irom exet��ir�g its►riahW under thls l�ragraph I6. . � •I�
<br /> :•;:;' i.endet ahall not be nqul�rd to enur upon.m�e cnntrol of or maintrin the Prnperty befare or aftcr g�ving noHr�uf '
<br /> = � 6 n e a c b tb H o n ower. H a w cver.L e n d e r dr a j u d k l a l ly nte d rere lver rn�y d o sn at nny t iatn t h en iy»M i e a c h. My ' � .
<br />-�-= ._...__.. ._� . a�li�otra�tsst�ttta�ea�eesttadv�atty.�ttos��ge�berrl�tas ��'�-'#'tdsas�i�- -- `�----
<br /> ' 0 7 e�ent�oi the P ro p e r t y shall terminate w h e n the d e b t sccur e d by the Secutiry lasttument i.r�a d 1n tul1.
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