|
_ � .,..;� _
<br /> _ --�----�- - - � - -
<br /> }_( - . �T_.____ __. _ _� _ _ _ _ '._ _ . _ . "_ _ _-_-�.�..
<br /> ��' ._. . � y _ ' . C . ' . - .. , ..
<br /> .�
<br /> � � , ...;.-----. �,.`-- - --- - - — -- -- - - AQ Q - - , r .
<br /> — _ . — --- _. , e.s • -
<br /> . � .�
<br /> . . _ -- ._ _ _
<br /> �.
<br /> . , . �— - ' -- - -- -
<br /> � •
<br /> ! , • . - - - __ ���`-��'iii�c� -� . a� � • _
<br /> t �f�tl.WbIC�I a1�E tEr'C[!E�'��O Id �.O[4'��"1�IC�O�5�1��y�'..����C�VCf�R .
<br /> `� ���P�y�{�qd�nse�aoeas mder the IW�tc aaa d�s securi�}r I�woea�shdi be p�id ea d�ea�►_ .
<br /> -`� =- -- - ` `
<br /> e�d�d�e�- -
<br /> � Rea �,eadeEmiycolt�ce�fe�es�ndchrgesamhoeized6ytboSecretuy.� ' �� �. --
<br /> � !► Grir�Ire Acaktati�+�atQek �n tbe c�oE �ehWro.
<br /> (s)Ddf�iw.E,ender may.�xcap as timi�qd Eg rogutatio�s issued by t1�e Sa�etacy' P�Y�
<br /> - mquii��1e'p�ymeot m full af ait a�ms aecuce�by this Security lusan�me+K i� ' ,
<br /> (ty Basmwtr defauks by faiWa w piy in fuit mY��Y MY��1�bY����Y�P40�
<br /> • ` taaran dir•d�dNc of tbe ue�cc moo�iF gaYment.a- ie liris :
<br /> _ Cu)$a�rowa defsWts by failing,fa.a period of tbiRy daYs.to perform aay other aplig�tions cauai�d
<br /> Q�S�Ie�Wlliort Cerif!A�eoraE. Lender s6ail,if permitad by applicabie liw aed with th�prioc ippca►ai of the
<br /> . Secn�nry.requice immcdi�re P�Yment�n fulE of alt tbe sums sa,yued by this Secwity tast�umeat iF
<br /> (i)Alt a p�t of tbe Ptaperty.or a bexfx�iat intesest in s uast ow�ung ail a part of tde Ptope�ty.is soW ar
<br /> o�6et�rise transfenod(ot�t�a by devise ar desant?bY�Ba�mvrer,and �
<br /> (ul The PtvpenY is eot occupied Dy the puc�cl�;er a grantee as his or her principal tesidence.ar the purcbi+er
<br /> oc gr�tee does sa oce.ypy eh� Rope�t� b�u his as I�er c�odie hac not been appaoved ia accadt�� -
<br /> - with tLe zoc�ements of the Sec�etuy.
<br /> " (e?1�Waiver. T€ei�euautances oecuc that waild pe�mit txnder w�rquire immediaca WYment�n full,but I.ender
<br /> -- does mt suchpaymenr.s.L�++d�i does na vwaive its rightcwith�spect to subsequenc evetNS._ , , �
<br /> - t�}11s�s vl'HUI?SecatarX In many cueua�staoces ceguWivos issuod by tLe Socretary well Ittnie l�enier's
<br /> - ria6ts.in the case of pay�nent defa�ilts. to nquirt immodia�e FaYmrnt in fuii�nd faoclose if na This
<br /> _ d Sa�rity Inst�urrxt►t does not autMriu aceeiention a�foreciosu�if na�pt�autted by�egulalia�ns of the .
<br /> ° h11iM�f/�e Not I�wr�. Bo�rower•agcoes ti�t sbanW tliis Security Tnswmenc aad the nae ucured the�eby naE .
<br /> be elig►'bie for insur�ace under the Nationa�Housing Aet within B �onYhs � fcnm the
<br /> - �te 6eteof,Lendet may,at its opcion�nd notwitl�sta[�ing anyth'tng in Paiagraplt 9.ralui�imm�ate P4Yment irt
<br /> full of A!E swas socucod 6y tlus Seeuriry tt�ttrumrnt A writteu stattment of auy autAociud agent of the Soc�eta.ty
<br /> '-"="� fiom the dame hercof.dxlinin8 w insare tbis Security .
<br /> .,. , d�oed su6s«iuen�m 8 Mont hs
<br /> � . Iasaua�tet wd the t�ote securcd theieby.shall be deemed concIasive proof of such iaeligibility. Notwithst�nding •
<br /> the fo�p,oinp.this opti�sn nsay nat be exec+cised by[.ender wh�s th�unavaitab�iry of in4urance is sokly-due w .� --_ - -
<br /> - 1.endei§failure to remit a mortgage iasura�e premi�►to ttfe Sec�etary. �_ ._, .
<br />= 1R Reipate�f. Barnwes has a right to De rGinstatod if Lender has required immediate payment in full tirCause �
<br /> - of Ho�mwer�s failu�to pay an arnount due under the•Nvte or this Security InsWmen�. This nght applies even after —
<br /> � � faocbsw+e pcaceedinSs ac�e uistituted. To cein.�tate the Securiry Inguument.Borrower sball tender m a Ium{r sum all
<br /> - , a�unts requirod to bring�arrawer's account curnat including.to the extent they ace obligations of Bonower unda�this
<br /> Secucity Inso�umenb faeclosure costs and reasonable and customary attorneys'fees and eapenses properly a5sociats�with
<br /> . tha fwociosnre pivcoedin8• UPon=ein�tatement by Borrower.thi4 Security insoivment and the obligations that it soc�ttrs
<br /> � sltall cemain in effoct as if Lender had not rec�uired unmedlate payment in full. Howeves.Lende�is aot�+equued to pem�it
<br /> � :�, cei�utatemeat if: (i)Ltnder•fias accepted remstatement after the rommenceiment of forectas�u�e proceedings.witf�m tvro
<br /> �s
<br /> ,. :-� � .. ywrs i�nn�iatety preceding the commencement of a current foceclflsute proceediag. (ii) �einstatement wilt gnslude. ,:. ���
<br />- . foroclosuro an di�ferent grawids in,ihe future,or(iii)neinstazement wiD advetsety a�c�tl�ee priority of tt�e lien cceated by , _
<br /> �` this Secu�ity lnvtrumen� ' — �-
<br /> . 11. Barrowa Not ReieasM; Forbea�nce by Geeder Not a Waive� Extension of the time of payment or �_
<br /> �- modification af arnoctiza6an of the sums secuced 6y this Security Instrument granced by Lender to any successor�n�nterese �.-J-.;:
<br /> � j . of Homnwes sl�att aot operate to retease the liability of the origtnai Botrower or Borrower's successor�n intenest l.endec �-..;.. _
<br /> � sba11 not be rcquind to cammence proceedings against any successor in interest or refiue to extend time for payment or !.� ;,-_
<br /> otherwise modifY amottizaHon of ihe sums secured by tlus Security Insuumeat by reason of any demand made by the °:y ;,,_._°=�
<br /> � uriginal Borrower ar Barrowec's suecessors in interest. /��orbearance by l.ender�n eaereising any right or remedy chail -�'-_
<br /> . . not be a waiver af or prectude the eaercise uf any right or re�nedy. c-��:�=-==
<br /> ; ,i.,�; I2, g�s siad A�signs Bound:Jdnt aed Sefeeal Liabtlity:Co-Signers. 7'he covcnants and agmcments of ��µ�_°_-
<br /> .ai..�, this Security Instco.ment shall bind and benefitche successors anc!assigns of Lender and Borrower.sub,jeet to the provis�ons '•:;. .-
<br /> . .,,,.,,� .
<br /> •• of Paragaph 9.�. Borrower's covenants aand xgreements�hal! be jotnt and several. My Borrower who casigns this .
<br /> ;1`��� - Security Instrument but does not execute�e\ote: (a)is ca-signing this Securiiy lnsuument only to mortgage.grant and . . `
<br /> convey tdat Horrower's interest inthe t'rope�y under the tetm_4of this Security Instrum€nt;(b)is not personally obligated to , �• •`��
<br /> �,�.:_x_
<br /> . . pay the�sums seeured by this Security instc�.�*..^.ent;and(c�agr�s that t.ender and any eu3er Bortower may ugree to extend. ,..��+�;1��:
<br /> ', �fy,po�bear or make any accommodatia_�s with re ard to the terms ot cliis Secunt instrument or the Note without that '''''�'`'-'"�`
<br /> S y ,,,;'�"``,„� .
<br />: , Barrowcr s conse!s� , .y;�,:�-
<br /> 13. Notiee� Any notice to Borrower provided for in this Securin[�strument shalt be iven b deliverin it or b . ���z��
<br /> g Y 8 Y ;'Ls�.-��.
<br /> . . - rttailing it by f�rs¢class mait untass appticabte law requireY usc of art�s:."�r methal. The notice shall be directed to the :5:��;'�--
<br /> , ��':-.' � ;, ;
<br /> I�r�nper[y A�i�cess or any other address Barrower designateY by nnticc to l.cnder. Any notice to Lender shall be given by , . ;�•
<br /> --- - fitst ciass ttrai!ta Lencier's a�dress stateti herriil ur any address f e:tde:ttesi�t!stey by n�tice to Borrower. My notice _•._�s•:.:_.
<br /> ,.. St �
<br /> ' provideQ for ird c3tis Security instrument shaii be deemed ta ha��e bcen gicen to Bor�ower ur l.ender when given as provided
<br /> � ��`'.� m this paragrzFt� . �
<br /> ,, � grz f �. •.�_:,:�.
<br /> 14. 4a�erning i.aw:5everabllity. Thi4 Security lnstrument shalt t�e govcmcd by Federal[aw and the law of the .
<br /> . jurisdiction in which thr RUperty i�tacate�f. In the event that any provislun or clause of this Secucity tnsWment or the
<br /> Note conflic�c.with Appticable taw,such contiict�hall nat affect oiher provisions of this Security lnstrument or the Note
<br /> which ean be given ei'fcct without 1he confiicsing pruvisio�e. To this end the provisions of this Security lnstrumrnt and the {' .
<br /> Nde are deciar�ed to be severable. •
<br /> f3. Burrowes's Copy. Rorrawer rh�tt br givcn onc canfurrn�d c�+py oT this 5ccurity lnstrumrnc. t .
<br /> -� :�.� ' 16. Assi�nmeet ot Iteets. B�,nawer uncond�tinnally a..tiign�:u�d trunsferti w l.ender all che reats and revenuts of the ''. �
<br /> - I'toperty. Bortawer authoriiey Lereder ur l.cndrr's agent.en cc+itect the rentw�nd revenuey:+nd hemby 6irects each tenant of • � ,
<br /> ,r`'i=�` • the Atoperty tv puy the rentc to Lcndcr or l.cndcr�a�cnt�. Howcvcr.prior ta l.cnder ti nntice to Batrower of Boaowcr's � o• .
<br /> � "�� brexh of any cavenane ar agrerinent in the 5ecurity tn.�tnsmrnt.Harrower�hall enllecE and reccive all mnt�:+nd revenues of � ,
<br /> '�`•�,:=:,� , . the Ptaperty as trustee for d�c benefit vi'l.ertder aind Borrauer. This s�signmcm of rcn�c r��n�titute�aa Alxoiute a�signment �
<br /> •:.ro. - and not an ussignment for udditional�ccurity�nly. � i
<br /> � ,° lf l.ender gives noticc of bre�ach ta Hurrower: tu)ull rents received by Bc�rrnwc7 shall be held by Borruwer�.c trustee
<br /> ' � �-n for bertefit uP Lender on(y.to�be applied t�thts tium�secured by the Sccuritv Instrument: tb�l.cndcr shall bc rntiticd to �
<br /> ° ;. •�., � �' cotkct arx!receivc sili uf thc renls�f the Prnperty:and(ct cach tenant nf the�niprny.hrll�ray aU rentv due und unpaid tu '-
<br /> - - �� - =•-�- - Lendes ut Lender»ugent�n Lendes's writtca demand to the ten:tnt. . _ �. _ _
<br /> ' -�:�+,•-}.��. �� Borrower h�not executed uny priar:us���nmcnt of the rents and has nut :ind�viQ u�t Exrfom�:u�y act that woutd ;
<br /> '-i � prevent Lender frum exercisin�its rights under this I��ragwaph!6, � -
<br /> .�=?"'''"`��' Lender shall not 6c myturcd to cnter up�m,t:ilcc control of�r maintain the Property brforc�r aftcr giving notice of ; -
<br /> • T �. • . breach tn 8ntrower. However.Lencter ar�judiccilly apQointed mcriver muy���a at uny limc there is�brcach. Any � •
<br /> , ` ` , . ' •a�plic.�tIon of rents shalt not cut���r waive:u►y Jefault or urvalidate any uther tr�:ht ur retnedy�f Lender. `Chis as�ignmcnt • •
<br /> �i�: � � ' of rentsof the Property shall trrn�in�te whenthe debt serurecl by the 5c�uri�y lnstrument is paid in full. ;�
<br /> _ {„�.. __ . - ' • ��. '
<br /> . �`,r�''�'s. .��ue�3�,fJ naxe.0 : ., ".
<br /> �:�,� �,:a� �
<br /> ... �. '�� ��: -- -- _ _. _ _ _ � . i
<br /> `i'�"`:c�. � - ` i
<br /> . _ �i�. . . . . _
<br /> � ,
<br /> i ' �
<br /> � � . t
<br /> j�...__i`r�+t. �
<br /> -' -�! . ._.. . . .
<br />
|