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<br /> - � wy�•Wnicn.R cef«rad w a r�ra �2.or cl,.oge the amow�t 4�sucb paym�s. nay excrs�qooxds over m
<br /> amouot�e4�ro P�Y all outspnding ii�lr.btednes4�under tLe Nafc�ed this Secv�titY iuson�meM sl�U bt paid tn the eadry
<br /> kpU entitialtbeeeto. t �� •
<br /> �Feer. i.ender mry cotioct fees aod chuges aWhaiud bY the Sec�etary'- , � .
<br /> �, � • !Geowda far Aoodeeatia�ot De6t �iswed by tbe Sec�tuY in the cace of paymatt defaWts.
<br /> _ :__ ts#Dda�lt..l�nder may.exsept as limiud by regut �� . .
<br /> . �aq�uK imrneAiaupsymeat m fuil ofall sums sec�ued,Dy�tis Sa�uicY t this Securiry Inu�urtia�t pri� �
<br /> � • (7 Bo�wer defaults by faIling to psy in full any maKnhlY P�Y�n �l��Y ,
<br /> � tu or aa the du�dat�of d�e aext�rianthly paYn�ent..or
<br /> - � (u�Bamwer defaults by failing.fq A period of[hirty days,co perform any attiec obligatioas caatainai in ttns
<br /> �' licabk Itw aod with the p�ioc app�uval of the
<br /> - — ' {b)�Moot Cniit Appeovsl. I.uder sball.if permitud bY aPP
<br /> nequire inuned'wte WYment in full of ait the svms secured by this SenuitY Inctntment ih �
<br /> _ •`' �U a pat of the rty.oe s 6rneficial intc�est in a mist uwamg all or put of the Prop�riY,is sold ar
<br /> � othe�wise traaafrned(�than 6y devise or descentl bY the Bor:ower,and ��e.����
<br /> (ii)71re ProQetcy is aa occvPied bl►�P���°f 8��as his or Ger PrtnciPat
<br />- oc grawoe aoes so a�py the P[�e�Y but his or ber cndit h�s noe 6an appcovea in �aa�d�noe
<br /> ` � wit6 tLe reyui�aaents of the Secnaary. ' `
<br /> � fr)No Wiiva: Tf cincumsturaesavcnrtltat woWd pertnit[.ender to�equue immediate paymenc in ful4 but i.enda _ e
<br /> '. • ¢o�s�ot roqutee suci�patpments.l,ender does not aaive its rigi�ts with nspect co subseqtirnt events.
<br /> t�Repi�tioas d HUD Sarear� tn many ctt�u�stu�ces�egutat�ons issued by the Sccretary will limit Leader's
<br /> _ • rights. in t6e case o�paYment defaWts,to toc�uin immodiate paYment in:full and faeclose�f not paid. 74�is
<br />.. Security In�enc d�s not autl�orizC a�ek�a��►m f����P����Y�ons of the Sa��y. �.�:------
<br /> E��:
<br /> -' (e)blo�E Nat Ias�rea. Bormwer ag�ees that shoold this Security Insuument and the tate secuted the{eby not �_,,,� _
<br /> � 6e eligt'Dle!or ins�uance under the Nation�l Ha�si,n8 Act.within 8 u�Ont hs fcom the . _____
<br /> date heneof.Lender may.�az its opaon and aatwithstanding anything in P.uagraph 9.niluire im�ate pay�nt iu -___ -
<br />- � fup of all swns secured by this Secuiity�insaumen� A written statement of any authorized agent of the Secnetary ;.���;__
<br /> -_ ��'� ' &am We date bereaf.declu►ing to insure this Security �' ,''�� .
<br /> :� , datoQsabsequentto _ 8�ontEl&__._ •-• _--
<br /> - � [nstn�rtrenr�td the nde s�ue�d tI►ereby.s6ali 6e deemed coisclusive proof of such ineligibslity. Nawithstand'mg [�° +"s,a,�°� --
<br /> '��.. " the famegoing,this option may nat be e�ce�rcised by[.ender when the unavailability of insueance is solety due to .
<br /> .;�•.,- . : I.ender�fae[iue to nnnit a moctgage insarance premium to the Se�tary. ' ... •'�
<br /> 1R Rei�ttneat� Bor�wer has a right to be�einstated if Lead�bas eequired immediate payment in full because <'.
<br /> - - .'�a��' m aA amount due under the•Note or this Sesa�rity Instrumen� 77�is nght applies even after -�°"" -
<br /> of BomnWer�s faz'[m�e paY_ "�':`... �:
<br /> faeclosurt pmoecdings a�e msubuted. To reinstate the Security lnsunmen�Bomoaer shall tender in a lump_sum aU �:�--.---'
<br /> art�ounts required to bring Bormwer's account cumnt iiufasd"mg.to the eutent they�obligations of Horrower under this ��="-=-
<br /> � u
<br /> = Securiry I�strumen�for�eclosure casGs and ceasanable and c�stomarY attomeys fees a�expenses propedy assaci�te�tr+ith .�;''==:";
<br /> �.' the fae�Tosure procced'sng. Upon reinstatement by Borrower.�his SecuritY Instra�and ehe obl�garions�hai ir�r+ues , .r�'=
<br /> � � shap remain in effoct as�f l.ender hud not cecNired immed�ate payme�st�full. Hov�e�e�Lender is not required to�ermit ". •.":'r:'.'
<br /> _ 9:
<br /> re'rnstatement if: (i)Lender has accepted cs�instatement after tbe comm�icement of foreclosure pr�ceedings witlun nvo `��'-�`.>
<br /> ��•`� =i ��' �n the commertcement of s� current foreciosare proceeding, lii) reinsratement wil! prcclude ,'��`'' .':_--
<br /> yeus immediately preced' g � :=t,;• �� _
<br /> • .:�'. foceclosure art different grounds in�he future.or(iii)ceinstatement will adversei�affc-�t tt�e prioriry af the lien created by � --
<br /> ° ��:�.;:�'' � thisSecuritYinswment. • .
<br /> '� i � `�` U. BorraWer Not Released; For6earince by l.ender Nd a R"ai��er. ���:`nsion oF the time of payment or ,, . �`'
<br /> ':• . _;��� modification of amortization oi the sums secured by this Secunry Instnur�gras�ted by Lender to any successor in intenest �: � . • ,�T
<br /> "- " "�;;� ' of Barower shatl nat aperate to retcase the 19ability of thc arigmal8canr:�er or Earrowere successor m interesY. Lender • ��'
<br /> � .; shall nat be reyuind to cummence proceedingc against any successor i:s interest or reiuse to extend time far paymcnt or
<br /> ,. �;-�� otherwise mod�ijr amonization of the sums secuted by th�.c Secwity Instrument by reason of any demand made by the , ,;�:
<br /> ,:��, ' e r s�� A n farbearance h l.ender m exercising any right or rernedy shalt ��e
<br /> • �• •- original Borrower or Borrower's successa�in�nt e y y
<br /> . n �:.' -
<br /> ,;�,,_;; not be a waiver af or preclude thc a�ercise of any right or remedy. . - -
<br /> � :��;b�. .� 12. Succe$ors and Assigns Bound:.foint and&veral l.tability;CaSigners. The covenan�c and agreeaient�of ,
<br /> '� this Securlty lnstrumeat shali bind and be�te6a she successorc and acsi�ns.of l.ender and Barrower,su6ject to the pravinans .
<br /> :��v� ., of Paragraph 9.b. Horrower�covenants audc agmement� shall be j�urc and several. Any Rorro,�:tr who co-signs this : •
<br /> Secudty lnstrument but does nat exeoute ct�e Vote: (a)ic co-signing alXi�Security lnsuument only to mortsase.grant and .
<br /> • '.,� ', c�vey that Borrower's interestin the Ropeny under tht terms of th�s Secunty Instrutnent:(b)is na personally obligated to =
<br /> ,� ,;�,� pay the sums secured by this Security tn�tr�ment:and tc)agteec thal l.ender and zdy:ntiier Baaower may agree to extend.
<br /> ',�;{,, modify.farbear or make any aocore�adaMV�zs with regarQ to the termsof this 5ecacit?lnstrument or trie Note w�thnut that �_
<br /> • � • .. r' ;,.} , Barrower�s con.cen� . , �'__
<br /> �°,1•,: 13. Notices. Any notiee to B��providcd f�r in thi�Secur.ty Inytn�ment shall be given by delivering it or by .
<br /> _ ;t,�+��A _ mailing it by first ctass maut.x-�:ess�pp�:cable IAw re�uir:s use of:u�o�her methnd The notice shall be directed to the . . • .
<br /> --�-- � -�-�--- praperty Adciress or any atea.�edtirass�trourr dcsigr.:u�hy noeice t�l.end?r. Any ncuice w lsnder shall b��iven by � ..;,,;,',.'= . . _
<br /> =����.�����'��' first ctass mail to l.ender's e:��re.rs ytatcd hcrein ar an} uddres�Lcndcr detignatc�by ne�tice to Bonawer. !#ny notice f�-- - .
<br /> .����; •�•� Qravided for in this Secutity Instrument�hall be dccmcd tv havc hcen gi�•cn m Harti�µ�cr ur l,cnder whcn givcn ac prar�ided ' .
<br /> ::.�� ._.;,,'�`;� m thispara�raph. � .
<br /> _:;;_;,.,;;-,. x •• 14. Goveenia�Law:Severabilify. "i'hi+Sccurity lnarument tihall Fx guvcmcd by Fcderai law and the iaw of the
<br /> .� � ;�. .. , iurisdlclion in whicb the Property iti l�xated. In the ecent that:iny pt�►vi�i�+n ur clau�e uf this 5ecurity lnsirument�+r the , .
<br /> ltote eanflicts wi�h applicabte luw,such conflht.hail nat affec�mher pruvi�i�n�ol�hi.5ecurity Mstrument ur the Nate • �
<br /> which can be iveneife�.�t wi�hoW the am�lirting provi�ian. Tr�thi.cnd ihr pn+vi,inns�f'thic Srcurity M.trument:u�d Ihe � •:
<br /> ��.��'• -;3 � Note are dcctagred tn br severahlc. ; �
<br /> , .¢. �_, � . ... 1S. Burrower's L'opv Bonowcr tih�ll b�givrn onc canfi,micd copy��t'thi.Srcurity In+irument. i . '
<br /> � ' _ . , 1� AstiXemerrt ot Reet�. Bortower uncnnditiun:illy�a..iZ;n��utJ tr.�n�fcr.tu Lendrr all thc nntti attd tecenues of ihe
<br /> Ptoporly. Boaower:tuthori�rs Lendrr�+r tAnder:agent+tu collect the rciri�.md re�enue�and hereby Jirec�r c�ch tement of .
<br /> _ , ; the Propetty to pay the rentti tv l.endrr or Lrndei�ugeat�. H��aever.prior u�Lendcrc nutice tu B�muwer nf dntmwer's ;
<br /> �._ -- � _ breach of any rnvenant or agrcemrnt in thc Sccurity In��rumcnt.Hnrrawcr.fiall a�ltect:u�d receive all rentti:utd rcvenucs of . ! ,
<br /> ' _:=� •y�`` ' the Fropeny:�wstce for the bcnefit�+f Lrndcr and Hunuu�v. Thi�a��i�,*nntem uf rent�ronstitutcs:u�abvalute assignment ;
<br /> � - '�"'"'---°` • and aot art�s.c�gnmcnt for�dditinn:il•rcunty aalp. �
<br /> E
<br /> - • -:__.. . _ ..._ If l.ender gives nouce�i breach tu Honnuer: ia►ali r�nt�r�cei�ed by N�rroHCr�hall tx.hetJ hy Hurcc,aer a�tru+tee - ' . -
<br /> �• . � for benefit nf Lender oniy.tu be appticd tu Ihe .am.�ccurcd hq thr Sccurity (n�trumrnu �br Lrndrr�hafi t�e cntitt�vi ��i
<br /> ' ; � � � callect and receive ull of�he cent.of thc f'ropcny::u�d tc►c:uh tenan�uf thr t'rupert}�hall pay ai!trnt.du�.md unpaid tii
<br /> . °'-`� ' ' Lender or Lender�agen�on Lender�written dem•rnd a.the tcn:uu. , .
<br /> � ' � Borrowct h�u rx�t executed:ui}•priar:issienmene oi the tent.:u�d h:��not and�ciU nvt �riumi;u�?act that«•nuld
<br /> , , . � _ prevent Lender irom exerci�inF its n�tv under�hi.p.uagr�ph I6.
<br /> ' " l.end°r shall nat l+e requircd to cnter u�n,r�ls�•cantru)��f ur maim�in Ih�'f'taperty hcf.��r�or attrr�i�ing rtc�ticc oi ,
<br /> . . .
<br /> _L����•�_ hre;�h to.8orroweu However.Len�fer ur a jueiici:il{y-:���intcd teceitcr m�y du•u at:►n�timr thetr.is a breach. Any
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<br /> . . • �pplPcatioti ot t�rtt{sh�ft rtot curc or�3ice�}drfauit�•r n�aiiJatr�►r t•i#t��f�-cltt tx res:sc:is u5�,c:uirr. '!'hiti:sc.igtu�nt - - -_.__��.-._.
<br /> ,_ � , of rents of 1he Rapeny shail tcrmin;itc whcn thc deM�erured hy thc tircurity In�ttum��t�>r�id iu full. .
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