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<br /> � �• RE RECORDEQ
<br /> � �Q� !� ��- ioa��
<br /> WY��whi�h n�e�femed w in 2.o�iid��lhaunt of wch p�ymenu. My ex�r pr�oceed�over an
<br /> • unonnt w pay all auw�nd�ia� w�r d�e Nae and d�Secueity taWnuaeat,b�U be pdd a dM�atiqr
<br /> ���tbd�thereto.
<br /> Fbe�. Lender may colkct kss�nd char�cs authoriud by ttia 9ecmary.
<br /> !�-(irouadr far Aooekratbp of Debl.
<br /> .(�1 Dehd� t.ender tn�y.except a limited by ie�uladons i�sued by the 9e�retrry in the cue ut p�yment defiulu.
<br /> �equlra inuned�topaymant in fuQ of all�unu�ocurod by thi�Security Inmument if:
<br /> _ ---�°--�-�°—�-- (i)Bo:sower defi+ulu►by failin�to pay in full an3 m�Y PaY�t requfred by thla Securltyr lnetrument prfor
<br /> w or an the due date of the riext monthlY p�ymen�or
<br /> (il)Htirmwst defaults by failinQ�for a periad of thirty d;ys,w perfotm ony other obli�Ytlau conWned in thi�
<br /> 3ocvaity instnqnont.
<br /> � )Ssk WNhaat Credtt ApprovaL l.ender ah�!!,if permiued by applicable I�w and wlth the prior�pptovd af tho
<br /> �roqqire lmmedl�te psymait in tLll of�11 the aumr�ecured by thiis Security Inatrument if:
<br /> 3i (i) I cr p�ut of tho Properly�ar A bencficial intcrcst io a uuat owning u11 ur purt ui�he i'mpeny.ie auW or
<br /> o1l�envtse qansferrod(other thu�by dovisc ar desoent)by the Borrower,And
<br /> (ii)The Prnperty i�nat occupled by tho purchoser or Qranta as his on c�r principal residcnce.or Ihe purch�ser
<br /> or grantoe daes sa occupy the Property but hi: or her credit iw� not 6oen +�pprovod in �ioco�d�a�oe
<br /> with the rcquirotnonts af the Secrotary.
<br /> (c)No Waiver. li circumstancas occur th�t would permit I.ender to require immcdL�he paymor�a in full.bw I�cnder
<br /> dooi not�q uiro suohp�ymenta,I,ender does not waive its dghts with respect to subea�ueat avents.
<br /> (d)Re�uIatMna at HUD Secretary, ln many cu+cumstances regulationa i�suad by the Secnetary will limit Len(1zr�
<br />-- — dghic in tho case of payment dcfaults, tor�quiro immediete payment in fl�ll and foreclose if notpaid. This
<br /> -_ _ _- - •.Securfry Insuument docs not authoriu�cceletntion ar faneclww�e if nat pennitted by reguladon:of the Secretuy. ___ _
<br /> (e)Mort�e Not lnsured. Borrowcr agrecs that should this Security In�n�e���rjd Ihe nou sa:w�ed thereby nat
<br />�-��:;;:,� bo oligible for_inaurance under the Na�lonal Housing Act within ��
<br />`'°� date hereof.l.ender may,at its option and notwithstanding anything in Paregraph 9,require immediate payment in
<br />��" PoII af all aums seeu�ed b�tl���ry Inatniment. A written statement of eny authariud agent of the Secretary
<br />� �,,, dated subsequem to from the date hercof,declining to inaure this Security
<br /> �► • x` lnswment and the note secured thereby�ahall be dcemed conclusive proof of such ineligibility. Notwithstanding
<br /> ��•,
<br />- i 'i`f the foregoing, this aption may not be exercised by l.ender when the unavailability of incurancc is solely due to
<br />,;� � 'li I.enderls failune to nmit a mortgage insurance premium to the Secretery.
<br /> 10. Relactatemen� Borrower has a right to be reinetated if l.cnder hax�equircd immedlate payment in fuli becau�se
<br /> of Hprrower's feilure to pay an amount due under the•Note or this Security Instrument. This right applics even afitter
<br />- foroo�osure proceedings are instituted. 7b rcin9latc the Security Inatniment. Born►wer ahell tendcr in a lump sum all
<br /> :` _--- a�iwunta requ{r�d to¢r3ng Saisowerk accouat carrcm including,ta the extem tliey ns�e obl9gadons of Bosrower wsd=r t!!is
<br /> � , Seeudty Instrument,foreclosuro costs and reaconable nnd customary anomeys'fees and expensea properly�ssociated wlth __
<br /> %��: the foreclosuro pracleding. Upan reinstatement by Bomower,this Security Instniment and the obligaUons that it securcs _..—
<br /> shall rcmain in effect as iF Lendcr had not rc.yuired immedfate payment in full. Howevcr,Lender is not required to pertnit
<br /> minstatement if: (i)I.ender hne accepted remstatement after the commencament of fonecloAUre proceedings withm two _
<br /> , years immediately preGeding the commencement of a curnent foreclosure proceeding, (ii) reinstatement will preclude
<br /> foreclosu�e on diffe�ent grounds in the future.or(iii)rcinslutement wfll adver�cly affect thc prlority of the lien created by
<br />; this Securiry Insinament.
<br /> 11. Borrower Not Releaecd= �orbcarance by l.ender Not a Waiver. Extension of thc time of payment or
<br /> modification of amorti•ration of tt�e aumti secured by this Secudty lnstn�ment grnnted by I.ender to any cuccessor in interest —
<br /> of Borrower shall not operate to refeas�t6e liability of the originol BoROwer or Borrower x successor in interest. L.ender —
<br /> shnll not be requit�ed to commence proceedings against an� successor in interest or refuse to extend tima for paymont or �
<br />-:� ; otherwise madify amcxtization of the sums secured by this Security Instrument by reuson of any demand made by thc
<br /> �. .1�� �„ ariginal Bamawer or�e�rrower§successors in intcres�. Any forhearance by Lender in exercising any�ight or remedy shall _-
<br />• not be a waiver of ur predutlt the exercise of any right ur remedy. _--
<br /> ��P'x"';"'T� iZ. SYCCCa11N'3 i11)(J ASri�K119 BOiliifl;3uiot�n�i Serer�i i,:,�biiity; CaSignet's. TI�c wvCUwdn w�d ngreement�s of —
<br /> ,�;�•_�`,`...�� �his 5ecuri�y lnswment ahall bind bnd benefit Ihe+uccesso�und assigns of Lender und Borrower.subject to the provisions ___._
<br /> �y of Paragraph 9.b. B�rrawer's covenants und ugreements wha11 he jnim und several. Any Borrower who co-signs Ihis ��.,
<br /> ;;��, '�� ' `���• ��•• Securfty Instrument but does not execute the Note: (u)ir co-signing ihis Security Inslrument only to mongage.grant and �.=r
<br />' -'����s ��r�: :�';�'�.� convey that Borrowert imerest in the Property under thr termx of thic Securi�y ln�tn+mem;(b1 ix not penconully obligated to �•-��°
<br /> ���}1����s� �� ' � � pay the sums secured by ihia Security Instrumenr,und(r)•rgrees that Lender imd iiny o�her Borrower may ugree to extend, ��'
<br /> ,h'''. ,�`.,._r;,....:
<br /> � , ,;• ,t,; modify.Porbes�r or make any accommodutions with regard to ihc tertn<of this Security Inxtrumenl or the Note wi�houl that
<br /> '�''' Borrower�consent.
<br /> „ .....,;.. k. —.
<br />'�•` "�';��':.�i s�{ � 13. Notices. Any no�ice to Borrawer rovided for in �his Securit lnxtrument shall t�e nen b deliverin it or b
<br /> t�L �• Y�.`• �%•`.; P )' F� ' Y S Y �-
<br />_ � ;,,; ��.;�.�:-,.". mailing It by first class mail unless apPHcable luw reyuires uce af unother me�hod. The nntice shall be directed to the
<br /> -^ °r ,,. : � Property Address or nny athcr address Bonowcr designates by noticc to I.endcr. Any noticc to Lender shAl!br given by �:�
<br /> ���,
<br /> v�".' :`.`.:i,i�`�: first cluss mail tu [xnderl uddres,siated herein or uny addres� l.ender de�ignute� by notice �o Bonower. Any nntice �',_
<br /> �'`�,� a^.�`•fr'?;�''':' mvided for in this Secudty lnswment shall bc deemcd to huvc heen givrn�o Bnrrc►wer or Leixler whcn given As provi8cd
<br /> �.
<br />- ��� ,!:�,���K�>
<br /> :.,.-.. , .� n this paragroph. a�
<br /> :..s�,.��� . ' lA. Coverning Lew;Sevc�abfllfy. 'fhi� Securi�y ]nstrument �hull he g�wernrd t+y Federul law nnd the luw•of the �i:
<br /> "�-.:�L•:•° urisdiction in which the Praperty is locuted. ln the cvcnt thai any provi,iun��r rluusc of thiti Sccu�ity Instrument ar the 'r
<br /> ''r.�c�:+,: . �ote conflicts with n licable law, such wnflict shall nni affect other ra�•ixion, of thi,Scrurit Instrumcnl or Ihe Notr `�
<br /> ,.., , PQ P y {?•,
<br /> � wbich can be qiven eftecl withoW the conflictin�provi.icxi. Ta this end the prm�isionti of thix Security Instn+ment and the �,�,
<br /> �� ' ���!!;r.'�. Note une declured lo he�evcruhle. ��-
<br /> "'•,.:.�.;��;,;�.{�;;'�.:;�,. IS. Borrowe�'s Copy. Horn,wcr shall lx givcn unc conf'ormed copy of�hi.Sccuri�y Imtrument. ""'
<br /> �:;�:-�.,1'•�,�•y�;r:e;::,;�;o.., lb. Assigament of Rents. 6orrowerunconditionally•r,si�n�and tr;�nsfer����Lender all�he nnts und revenues of the ,.:.
<br /> �•'�'«�j',,�c1:�. Pmperty. Horrower uulhorir.es l.ender cK Lender'ti agcmr�n�ollect�h�rrnt<and re�cnurti und hcrcby directx each tcnarn�>f
<br /> ,,.�;��''�`a'}if.'i��i�t',:� P� Y P�Y S P �:
<br /> the Pro n to thc rems to Lender or Lender's A ent,. However, rior to Lender:n��tire to Borrowe�of BoRawcr� �,
<br /> ? • '�; �,;;?; • biea�h of any covenunt ar ugreement in the 5ecuriiy lnwtrumcnt.Borrower.rhull collect und receive ull rent�and rrvenue�of ;
<br /> �-" �� the P�openy as wstee far�he benrfit of Lendcr and�om�wer. 7'his usaignment af rents constitutes un uMu��uta usaiRnment
<br /> '-�� � c•
<br /> :�'',�,�.;.,��.�'i7;� pnd not an acsigtunena for additionad security only.
<br />.—' —__—_ —_ ___— �:iw.....��. '..�......:..�..:v:«on:.^.u:7i:�:'�:' iwi..11.�..�q w..n:...d 1...p�e.�u.�.u1�.W11 w iwld 6v RVwnwa►u��e�_.v_a ___ -
<br /> - i_-_ _9-.. . .c,...o.......�.v . � i« .�... .��.._ ... � _.. .
<br /> ,�s �a ri� �?. for benefit of Ltnder only,to br upplied la the �ums+ecured by thr Securiea Instrumenr. �M�Lender.hatl be entitled tn
<br /> s' ` •}`=�� collect ond receive aUa r�t'�he rcnts of the Propeng:and(c►euch tenam�f the Pr�peny shall pay ull rent�c due and unp�id ta
<br /> . .$«, �, .�..,. �..
<br /> '��•- r;��, Lender or Lender's agent on Lcndcr's written denr.�a�d to the tenunt.
<br /> �=� _t�'�'�ur' Borrower hus not exccuted uny prior uxsignmem of the nntx �nd has not und will nnt pertorm any ucl that would �-�„
<br /> Y.-..,,•,..
<br /> _ -M. prevent Lender from exercixiu�it+right+undrr thi.Parugruph Ifi.
<br /> �- -�"-.�.s: • Lender shall not be reywrt:d to enter upun, tuke control ol'��r muintuin the F'�o{xny txti�re ur c�t'�er uiviug notice of
<br /> ��:: �, ' breach to Borrower. However, Lender or u judiciully up4wintcd nrciver may da tio ut uny limr Iherc is u hreurh. Any '
<br /> �-;��-,�,�-..'�'�� upplicution of rents st�fl not cure or wuive uny defuult or mvulidutc any Wher right or rcmcdy��f Lendrr. Thi.u.�ignmrnt
<br /> — R _ °=�� of rents of the Property�Il terminnte when the debt secured by the Securiry Instn�ment is puid in i'ull. '
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