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<br /> .83• i0►S�A4 -
<br /> P�Y���whlch u�e roferrod w in 7�ar oh�e the�nwunt of ruch p�yment�. My exca�prc�oeeds over�n
<br /> amou�Ntequitad�o p�y�U out�r�dit�{�inde�ne�s widpr the Nwe�nd dd�Securlty taprurarut�b�ll be p�id to the artjty .
<br /> ��antfiied p�e+blo.
<br /> i�. L�aider rtuy colkct fees aid ch�e��whorlud by the Secrotery.
<br /> f. Gnonnd�I�a�Acaieeatlo�of Dtbt.
<br /> (�)Dehnlp L�endor nuy.except a limited by n�uWions issued by thc Socretary ln the cua ot p�Yment def�ulu.
<br /> nquine immedWe p�yment in full af�II sum��ecwed by thi�Securiry Imd�umonnt if:
<br /> (i)Ha�mwar defaulu fry f�ilin�w pRy fn NII�ny monthlY P�Y����1�bY thi�Security In�tnunoat prlar
<br /> -„—"""""p""""°°-- to or on the due dwe of tha nezt monthly paymrnt.or
<br /> (ii)Bamwer defaula by falin�,fa a period of thiny d�y�.w perfann�ny wher obliQ�tions conWned la thi�
<br /> Secudty lnemunen�
<br /> (b)S�le Wfthout Credit Approval. l.ender�hdl,if petmitted by applk�bk IAw and wlth the prior approvd of the
<br /> 3ocrat�y,requim immodhte p;ymwit in fWl of all the sums secured by this Secudty I�wmem if:
<br /> -- ---- --� (i)All or paei of the Property�a n beneficiel intenat in R uuot owning dl ar pnt of tho Propeny,io Rold m
<br /> otherwi�e tranrfeired(o�her th by davi�e or descent)by�ho Borrower.�nd
<br /> - (ii)'It�e Property i�not occupied by the purch�ser or grantee Aa hia or her principal rosidence.or the purchaser
<br /> or g�antea doos w occupy the PropeAY but Yis a 1�er credit hae not been �pproved in �ecordance
<br /> with the roquirements of the Secrou�ty.
<br /> - (e)No W�iva: It clrcumstances occur tiwt would peranit Leader w�cEire immediato payment in full.but l.ender
<br /> does nd uire suchp�ymenis.L.ender docs�wt araivo its�ights with r�esQoct to subsoqucnt events.
<br /> ld)R��ot H[JD Secrebury In rnany cucu�msta�ces�egul�tiats tssued by 1ha 3ecnetary will limlt l,ender�
<br /> rights, in tho case of payment defwlts, to�ui� immedi�to pxyment in full and forcclose if not paid. 'IUie
<br /> Socurity Insvwr�ent do�s�ot auQwrize�oekruwn or foreclaw�e if not pem�itted by rogulation�of the Secrewy.
<br />.u; (e)Mo�e Nal l�surcd. Bun�,wcr agrKes that should t1+is SeruriQy AastrumGnt wtd thc nou secuc�ed 1lxteb�r not
<br />-_°+ be eligible for,insurance w�der tho NAtioe� Housing Act with{n ��
<br />`'' date he�of.I.e�xler may.at its aptton and nutwithat�ding anpthin$in Paragra.ph 9,r+equire inur�ediate paiyn�ent in
<br /> _ ""�" full of all sums secw�ed by this Security Inswmenl. A w-rilttn slatement of any authorized�gent of the Senetary
<br /> -1,,;{�i,•
<br /> _ I� •duted subsequent ro from the date heteof,declining to uww�e ihis Securily
<br />:,. � � � Ins6nunent and the note secured thereby,shall be deemed conclusive proof of such ineligibiliry. Notwithstanding
<br /> 1hc foregoing,this optlon may not be exercised by Lender when the unavailability of insurance is solely duC w
<br />'";t. ,i L,enderh failur+e to remit a mongage insurance pr�emium to the Secretary.
<br /> _ ;,�;':����+ 1Q. Relaxtotemeo� Bomower has a�ight to 6c neinatated if l.ender has required immediate payment in full because
<br /> ' ��j^��i t•; af Bairawerk failure to pay an amount due under the•Note or this Secu�ity Instrumeni. T6iis dgM applies even sfter
<br /> r�'� fineclosure proceedings aro instituted. 'tb rcinstate the Security Insuumeni, ppmnwer s11a11 te�der in a lump sum all
<br />_ �`,';=
<br /> amauttts requiie.d to;bring Bartower�s account cument including.to the exlent [hey a�+e obligalions af Borrowe�under this
<br /> : --"�"-" Seourity instrument,forecioxwe cuut�wni rCa�iuLie aint custorttary aiiomeys'Eecs and expen;�p�.:;�.estxiased�ith
<br /> the foreclosure procecding. Upon reinstatement by Borrower,this Security lnstrument and the o !b iga�ians that it secures
<br /> , �.�" • shall rcmain in cffect as if Lender had not rec�uired immediate payment in full. However,Len�er is not required to Qeranit
<br /> �"= �+i`;`�S,� reinstatement if: (i)l.ender has accepted remstatement after the commencement of fot�clasum prnceedings witfim twm
<br /> � yeara imtnediately preceding the commencement of a curnent foreclosure proceeding, (ii) rcinstatement wlll pmclude
<br /> d,�; :• fo�closute on different grounds in the fumre.or(iii)reinxtatement will adverscly affect the prioriry oi'the litn created by
<br />= � � � this Security Instrument.
<br />- ��• ., .�,� F, 11. Borrower Not Released; Forbearance by Ixnder Not a WAlver. Extension of the timc of payment or
<br /> ' ' modification of amortizution of Ihe sums secured by�hia 5ecurit�Insuument grnnted by L.ender to ony successor m interest
<br /> ��"'a(i:•�:� .
<br /> • ��; -•`��'�; of Borrower shall not operate to releuse the liubiltty of thc origmnl Barrower or Borrowers successor in interest. Lender
<br />_:• � � � '�( ,�� shall na 6e required to commence proceedingr agamKt any successor in interest or refu�se to extcnd time for puyment or _
<br />� :y�,�z'�''r " othenvise modify amorlization of the sums.r•ecured by this Security Instrum�nt by reacon oP any demand made by the =
<br /> 1;,�ti;,-�.,��t;}.•,;�, original Borrower or 9orrower+successor,ti in intercst. Any forbearance by L,rnde�in exereising any right or remedy sh�ll
<br /> ` : l°,'" not be a waiver of ur preclude the exerci�e of any right or remedy. "-
<br /> � ?�?+.1� 33. SUrceesors and Asstgns Bonnd;Joint and SeverAl LlabNity;CaSlgners. The covcnants and agreements of -
<br /> Tl��'.'":,:�•'�i?r;�'tl�'4+;�y, �his Security lnstrument shall bind ar.d benefit�he successors and ussigns of l.ender und Bonower,subject ta ihe provisions -
<br />_ ,���;,,�:f�''�--h�z��t;,:` of P�rugraph 9.b. Borrower'.s covenanta und agreements shull br joint and severrl. Any Borrower who co-s�gns this �"
<br /> �,.r•.:• ;• .�••�► •r.� Seaurity lnstrument but daes not execute the Note: (a)is co-signing this Security Inslrumem only to mongage,gran t and A;
<br /> .,,.,:,{rq,,
<br /> ":•:��, "` ir•,;:F!� convey that Borrower's interext in thc Rapeny under the lertns of this Security Inqtrumenh(bl iv not personnlly obliguted to �
<br /> '""'�`' "" ��''`1`��•� a the xums secured b Iltlti SCCUfII lostrument;nnd(c)u mes thut Lender nnd un rnher Borrower mA ngree to extend, _•
<br /> . p,,,....-. ., ���,,� P Y Y Y F Y Y
<br />- _ . +�.L�'+..:=.�, ,,�i;`.•��;�.�,.�� madify,forbear or muke any accommalutions with rcgard�o�he terms of this Secu�iry In�trum�nt or ihe Nde without that _
<br /> ° .. �-', . Borroa•ertconsent. _
<br /> ' ' �*+,��I``i��3', 1 i. Notices. Any notice to Borrawcr pm��ided for in thiz Security InKtniment shull be given by delivering it or by
<br /> . ��'..••,,... -�,��,:�..
<br /> muiling it by first class muil unlesK upplicuble la�� rnq�iRS ux:uf unathcr methai. The notice shall be directed to the
<br /> _ - `+'� � �` Propeny Address or any other nddresx Rorrow�er detignutes by notice m I.endcr. Any notice to Lender shall be given by
<br /> -� '••Y.�.� � first cluss mail to I.ender's addre+z s�uted herein or any uddmss Lendcr dr.iFnatcx by nnticc to Borruwer. Any notice
<br /> � h.,,. ..�.,
<br /> `'�'' �„-t~`... .�!,��.,;�,- Provided for in this Securi�y Inxtrument shnll bc decmed to huvc heen given ro Hormwcr or Lcnder when given as provided _
<br />,. - •:;,;;%'ti,r • m this puragraph. -
<br /> � � t'•���{dt 14. Uoverning Lew; Severabilfty. Thi�Scrurity Instrumrn�.hall tk govemrJ by Nrdcrul luw and the law of the -
<br /> ';�,..;,,,,..�:.
<br /> ' " �"'•'�"�'�� urisdiction in which 1he Pmperly i+kxated. In the event Iha1 any provi.iun or rluusr uf Ihi�Security Instrument or the
<br /> ='�.,,b-� , '�:f€���n� �ote wn0ic�� with apQlieuble law, sunc�unflict .h:�N nrn afTect��Uirr pr��visiam of thi+Security Instrument or the Nule
<br /> . ..t i�
<br /> • � '_`ti,��' which cun be givrn ei'feci wilhow thr rontlictina�rmixi��n. 7b this end the pri+vi�ians��f�his Security ins�rumcnt and the
<br /> : � '' ,..;.,�,,.J��
<br /> • . � �,i,..�; Note am decl.�►red to be+cverable.
<br /> �.�,-,;::;:�� 15. Borrower's Copv Bortuwer,hull Ix given vnc r�mfrri;;ed���py af thi�c Sccurity ln�7rument. __
<br /> • .rt�•:� � ',, �.'�����''°`�ti l6. AssiRnment of Rents. Borrower uncunditionally a.va�:n.an�l transl'er�lo Lcnder all�he tentti and revenue�.�a ihe =
<br /> '� '�`''t'•'� Pro rt Borrawer au�horizrx Lendrr or Lender's u��nt.to rollect;he rcntti unca re�er�ue+n�nP ubreby dir�ra�each ten,►�1 ni
<br /> -: r,���ti� � � � P� Y N Y �1•' p
<br /> the Pro n to a the rentti to Lender ar Lender:a��nl+. Hoacvcr, rior Sy�i.cndcr:notire to Borcowrr�nf Borrowers
<br /> ��"�'�� brench of uny rove�unt or agreement in the Srruri�y Instrum�nt,Born�wcr sh,�[C��^]tecl and receive ull renh und revenuex of "
<br /> l; . �.; �.'. : ..
<br />--����' '�=%'�^���'= the propeny us wsiee for thc IknePl of Lender unJ Bom�wec Thi.assignment�if rent�ronxtitWes an atnolute acsignment _
<br /> ;�r`S�. ,�r:':�'``•"":. : and not an assignment for midili�mul tiecuriry only. _
<br /> "'�'. " ��;� IF Lender gives notice af breuch to Bi�m�wer. (ul ull rrms r�rrivrd by Bortuwer shall be hcld by Bormwer us wstee _
<br /> .L. �_ •L.t �.�� ..L..11 1.+.. :�1...�•
<br /> � • � ;�� .�. , . ior oencin oi i.,cnti�r�miy lo nC uNNnCU 1�Inc�wii� �ctuicu irj urc uc�iiJiiy n�:iiu�i�iin: �.,r.-.:��•..: � o.� ::u.. .: �.
<br />- • �: �'-�'� coliect ond rereive�t�of the rent+of the Pro ny;und lci each trnunt��f the Pt rt tihal{ rll rent�dur u�xi�un r�d i�i
<br /> ,��;,.�. ;. .. 4� � Y P+Y' P'.
<br />_ ;� ; � � �� ' � l.ender or L.ender's agent on Lendrr;wrietea�Drrtuc�d�o thc tenant. �:
<br /> • Borrower hn� not executed :m} pricx a��ignment of Ih�rents and Pu�rtint a►ul will not pCtfc�rnt�y u�t Ihul wpuld �'
<br /> = ��:�:.��,. . , -
<br /> -_ •_ zt,,t,;,._ .,., prevent l.ender from ezerci�ing itti nghty und�:r ihi�Purugruph 16. �"
<br /> - �- • �- � :° ,.. Lender xhull not be reyuired to enter upim.Iukc cunlrol��t'��r maincairt the P►c�erty 1'�fon ur uftrr giving nWirc of
<br /> . � . breach lo Borrower. However. Lender�x�judiciully :�p�x�intrJ reccivcr nuy do,�i:u ��y timr ihrrc ix u hrcurh, Any �
<br /> —�.:.�?;�, •• application of renh shull not cutr or wui�e any defnult or mvaliJatr any other ri�ht ur r¢meJY af LrnJ.r. 't'hi.u..iFnment ,
<br /> - r of rents of the Huperty shuU temtinute wlx�n tlie�L:bt�rcureJ by thr Secuni.�•Cntitrumrnt i.puid in t'ull. �
<br /> C.
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