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<br /> . � ��W�flCll it�E tEfEliEd Ld ilt Z,OI�ibC�fD01R�t Of SUCtI Qiyf�EnfS. AIIj►C�SS�[4�ONC`t� ' '
<br /> �pp�p[�(O�y�OULShiId�Il���nD��i tllE NOfC!�f111S SOCiRIi�►illSt[111�E'�E�}�!��ibC C�I�j► � _ .
<br /> -- �!$i�i L�N�O�t�l�ld� . ,
<br /> — —- T► �!!. �tl�Il WfkCt�S�C�Iii$ES 3tllji0[tYOt��3Ji t�C SC�' }t• � � - ': - -
<br /> �. Gf�O�a/tOf i+CCl�0�a!� �S����IU ihC CiSC Of Qi}�At dCf�Y1tS, • .
<br /> �S��. j.00�![IRi�f.�l[CCQt AS�1mitEd by[lC$LL�itj0a4� ,
<br /> . t C QU11C 1�IIIOdl�Cps��1�Of�SItaLS S�����11J1Ljl TOS1[UIIIEQL l� f b i S S C C i I[l l�/j A S u U i f l C�t.�1 0!
<br /> {i)8otiower d e f a s ilt�by faileng to�y sn fdl any mon t h lY WY��b J► �
<br /> � m arnn t�e due date ofthe ne�ct manthly paymerrt.or
<br /> � (ii�Boeow�b�r ftiGng,far a periad of titiny dsys.w perfarm any ot6er o6tigatians caataino�in this,
<br /> '.`(b)SNe Wi�o�t Cr�dlt Appruval. I:ender shalb if petmitted by�pplicabk law and with the prior appiuval oPthe �
<br />_- Seaes�ry.c�equue im�oedi�l�Y�u in fuit of all the snras sec�ued by t6is Sec�uity buuwmen�i� .
<br />- - . (�Ap a put af die Ptoperty.or a Eeneftcul inucest ir►a tnut owning atl ar pcut of the Property.is sold or
<br />- alt�wise d�sfemed(wlkr dsan by devise a�esant)by the Bormwer.and
<br /> _-- — � (ii)'11�e Pmpe�ty is uat oc�picd by tbe ptuz69ser or gnnta a4 bis or her pr�cipsl ntsidena.nr t�panhaver
<br /> ._ _- - --- - ot graatee daes so oocupy the P�ope�cy luE h�s or her credit l�as not beea apprnved ia accor�ce
<br />_ witlt the i+equuements of the Sacetar]►• � m fW1,but I.ender
<br /> +eq
<br /> (c)No�fiaivet. If ci�unuturees occur th�t would pemut Ixnder to zoquue antnodiatz�Yme���
<br /> . does mc neqnu�e suchpaytna�ts,Lenderdoes not waive its rights with nspect to subsoquent eveat4.
<br /> .' � td)Rt�btioos d HUD.Secrrtari% In many cincmnstances re8utatioas 4ssded by thaSecretary wU limit I.ender's ._
<br />�-� ��� riSbu.in tNe case of payment defaWts.W tequire imaxdiau payma�t ia furi at�d fo�clo'se if mt paid. 'ftds. - -
<br />__ . Socwity Insuumeot does twt authori7a accek�a�tioa or foreclosutie if not permitted 6y neg�l�s of t6e Sec�cetarY• ::•`
<br /> (�)Mort�t Not I�med Bomnwer agtees tUat siioatd,this Secarity instrument and the note soc�d��''�
<br /> - :�-.� bo eligi'6k for inwru�oc w�der,the Natiorial Aousiag Act a�ithtn 8 �ont hs . .
<br /> date hecieo�Lrnder may.at iu option su�d notwithstandmg anytbing in Paragrapl�9.nquine immediau payin�nt�► .
<br /> - faU of all sums secuied by thic Socurity lnsuurmn�. A W'riutn statement of any authorizod$gent of the Sa�as3� �
<br /> . . ;' • dated subsequeat to 9 111ont hs from the date heteof,declinmg to insure dsis SecuritY � _�:�
<br /> - Instcumedt 9ud the note sav�d the�eby,shall be deemed conclusive ptaof of such�ineligi6itity. N�ithstandiaS �_== _
<br /> ' . �
<br /> ,1 -=-- � —tke-fcHegoing�this optioa.a�ay aoi_6e exerciseA by.Lender when.tt�e unavaitahility of insurance is sm,ie�y"due ta � _
<br /> -- _ ;. ' -- - ^- Le�ei�s fa�ute�rertiit a•��[B�S���eP��tv�iie S�ecretary. .- _ � -
<br /> s�J�y - - 10. Reinafatemen� Bo�iower hac a nght to be reurstateQ if Lender has iequired'immediate paqme��faII becaus� ,_ � -
<br /> � ` -;;�; of Bomnwes�failure to pay an amount due.under the•Note or this Security Instr�men� This right ap��s e�en� �€:.��,�:<<'
<br /> - forc.closure piuca.dings ane�nstituted. To re j n s t ate t h e Securi ry Ins t r u m e n t,Borrower shall tendet�a 3�g sam a!F ��'�°--
<br /> • � amounts requited ta bring Bormwer§accoant cwient including.w the,extent they are obligatirns of Sarsac�:�t.tmder th'ss
<br /> �.F,��F-
<br /> Seciuity Insdumenk foroclosure�sts and�easaiable and customary auomeys'fees and expenses prapert�r'assoeiated a�� ' —
<br /> ' tlu foceclosu�e proc�edinS• UPon reinstatement by Borrower.tE�.�Securiry Instrument and ttie obligatiaas that n s�s' �i_
<br /> �- s6ail�n in effect as if Lender had not s�equiced mu�ediate paytnent in full. However.l.ender is noi reqwied ta pe�it. — ��
<br /> _. ' .+ F� - teir�statement if: (i)I.ender has accepted ceinstatemetu after the wmmencemeat oi forectosure proceed�gs unthin two �,.,_:,,_r-,.
<br /> . years immediatety precedin8 the commence�t�ent of a current forectosure proceeding, (ii) reinstatement wi71 pieclvde �`-�'L""°'�-
<br /> —�---- -
<br /> �_��-
<br /> �' - foieclosuce on different grounds in the future,ar(dn�3 reinstatement will adversely afFect the pdarity of the lieo cicated by ._:,�:,�;�:..
<br /> ' �<' this Security Instrumeru. �:���+.�:•,=.
<br /> � '''� ll. Borro�ver No/ ReteASed: Forbearaace by Lendee Not a Waiver. Bxteacion of the t'sme of paymeat or _
<br /> modification of amortization of the sums secumd by fhis Secunty Mswment granted by Lender to any successor�n interest �
<br /> of Borrower shall not operate to nlease the liability of the original Boaower or Borrower's successor m interes�. Lender ..
<br /> _ . ,F` • shall not be rec}uired to commence proceedingg against any successor in interest ar refutie to extend time foc payment or ::•h
<br /> - otherwise modify amonization of the sams secured by this Security Insmimcnt by reason of any demand made by the _
<br /> original Borrower or Borrawer's•succeswrs in interes� Any for b e a r ance by L ender in ezercising any ri g ht or remedy shall : .
<br /> , ` � not be a waiver of or ptectude the exercise af any right or remedy. ` .
<br /> • =��= . 12. Suc�ssors and Assigns Bound;doint and Several Liubillty;Co-Sip,ner�. The covenants and agreements af
<br /> :;�s - p; u
<br /> . :� • , this Seeurity Instrument shall bind and benefit the succeswrs and assigns of l.ender and Barrower.subject to the provisions
<br /> � of Paragreph 9.b. Baaawer's covena�tts an d agreemen t s s ha l l 6 e 1o�n t u n d s e v e r a l. A n y B o r r o w e r w h o c o-s i g n s t h i.v •
<br /> Security Instrumem but docs not eaecute the Note: {a)is casigning this Security Instrumcnt only to mortgage.grant and - . .
<br /> � :��'�"' convey that Bortower's interest in the Property under the tenns of this 5ecurity lnstrumen�(b)ig not personalty ob�I"gated to •
<br /> ' _' pay the sums secured by this Security instrumens::uid(c)agrees that Lender and any other Borrower may agree to extend
<br /> =,�� maLfy.forbear ar maice any accommodations with regard ta the term�of this Security Instrument or the Note w�thout thut .
<br /> ' Bocmwer�cansen� '
<br /> ' � � l3 Notias. Elny notice to Borrowcr provided for i�this 5ecurity Instrumem shall be given by de�ivering it or by :
<br /> '�'i;�'. ` • mailing it by first cIIass mail unlesa applicable!aw requires use of another method. The aotice shall be d rected to the' . �
<br /> '�� £ • Property Addres.q or a�°other address Borrower�:,nates by notice to l.ender. Any notice to l.ender shait be given by
<br />:: -
<br /> ' :�, . .. ..
<br /> . � y �_u_. ,__^`_ •, first cIIa,�mail to Lenderw address stated hereir.4r any'address Lender decignates by nodce ta Boaawer. Any notice .
<br /> -.. ., ,�srts:�isie�fos ise th�.s SecesriEy 1�sstnnnent sh_�!!��PPmed�n have hecn eiven to Honower or l.ender when given as prov�ded : _ _
<br /> . .,-_ < -,.. . m this paraSrnPh• [
<br /> . _� 14. Governing Law;Severability. This Sccurity lnstrument shall hr guvemcd by Federal law and thc law of the
<br /> `��'��i�,;-:isr. jurisdiction in which the F'roperty is tacuted. In the evem that uny prnvisiun�r clausc of this 5ecurity Insttument or the
<br /> ';'�= ' %' Note conflicts with appticabtc law,such conflicc�hall nut affcct uthcr ptavisinns of Ihis Security Instrum:nt ar Ihc Notc � �
<br /> , - =.:,��._�%�,:: whicb can be given effect without the conAicting�:uv�tiiun. 'fo this end the provivinn�af this Securiry lnstrument and�he � .
<br /> .z:,' �� � Note are declared to t�e severablc. �
<br /> � � ."-`V���`�'�� ' 15. Horro�ver's Gopy. gortower shall be given one conformcd capy nf this Securiry ln.+*.rument. i
<br /> . �...
<br /> ::�'� .:„n,. ; ;
<br /> .•.,�,,.:Y:,e;;;•. •• •• 16. Assignment of Rents. Borruwer uncundition�►Ily astii ms undtr�r►sfcrs tu Lender a1f�`a:re.^.�v and revenucs af the ��
<br /> �,._�,.,�,xt�-� , '"
<br /> �.� . - .,,; property, Borrower�uthorii.ex l.ender��r Lender�agents ta col�ect thc rents and revenu4w and t��:'ry�irect�each tenant of ;;�
<br /> � �'`''� � '��-.�' the Property to paq the rents tu Lcnder or ix�iJ�e:.�•�entti. }tow•cvcr,priar in�ender�nc�ticc ta$or.e:��er��f Harrowerw
<br /> ���, � � '��` breac�of any coven:u�t or agreement in the 5ecurity In��rum�r.t,8orc�iwCr tihi;rnllect and recei�e:ill re^:>a.�:d revenueq nf
<br /> '""� _ '� ��J�° � the av trustee for the benefit of Lender�nd 9onow•cr. '6�=c akeignmcnt of rents ranti�i�utcs:u�absolvte assignment
<br /> . .;.T:,,:,r,�1:i. • �y .. -- ,. �
<br /> - ; and t!�an bssignmenl for.�dciitinn�!security nnly. ;
<br /> • �' ;,�.,.... • If Lender grves�notice of breach to Horr�wer. Is�)all renn received by gom�wer shali 3e held by Borrower:�c Wstee � .
<br /> � � for benefit of Lender oniy.to t+e applicd to ihe sums,ccurcd by ihc Securiry instrumcnt:{b)I.ender sh:ill he entitted to .
<br /> ` eoltect and�ceive ul!of.thr rents nf thc Prupeny:tutd Ict e:�h tenant n€thc i'ropcny sha!!p:►y all ren4c dtte and unpai�i to , �. . . . _ ,
<br /> � '�"'�. ± . Lender or Lcnder's ugent on Lender ti written�fcm:u�d to�he ten�nt. s ,
<br /> � � . Borrower has not executed any pdur assignment of the rents and has not;utd will not pe.rf��rm any act ihat wnuid � �
<br /> '#�;. � ' prevem Lcndct fibm'exerrising its nghts under this P�aragraph 16. •
<br /> ' - �: . '" �� Lender shali not be reyuired tn enter upon.take contml uf�u m�tintain thc Prnperty hefam�r after giving na�icti;�f
<br /> . ::�.;;.. breach to Harrower. Nowever.Lcnder ar a�udicially apQninted receiver mry dn sa at:u�y time there iy a breach. Any .
<br /> =� .' . applissuian of rcnta sh•rll nnt cure or w;dve uny defnutt nr�nvalidate auty uther right nr rcmed�r of I.t:nder. 'fhls:�si�*nment
<br /> =.--- �-::� , � - � of renisaf.lhe Ptapecty�ch�l{tem�irr.�te whep the de6�secured by the Security lnstrument i�paid in fuli. -
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