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<br /> P�yn�ts�whi�h are refatrod to in P�� 2.or ch�nge the unount ot�uch p�ymentr. My exco�c+pr��ead+►over�n
<br /> ���W�qy�II aut�twdio�inde�undor tbr No1e iu�dl d�SecuMty Inwument�h�ll be pafd�o tFie etMity
<br /> !. F�. l.ader may cdlect fees�nd ch�e�wthcwisad by d�e Secreury.
<br /> !. �ireN�Ibr Accei�do��De6t.
<br /> (�)p�Wl. Laider may�excxpt os limited by�$ul�uona iuued by�he Sacn�in the c�ue of p�ytr�ant deiaula.
<br /> nqui�e lmmodi�te in lull of dl sunu recured by�his 3ecudry lrukwr�rne�f:
<br /> li)Bartower fiulu by foilin�to p�y in full�ny mon�hlY psyme�t�equlred bY thi�Security In�tru�r�t pdor
<br /> -' - to or on the due daw of the next monthlY PaYmc��or
<br /> (ii)Banower def�utu by failln��tor a pe�lad of thirty d�ys.w pertorm�ny wt�obli�uian�cant�ined in thIs
<br /> Security Instnunen�
<br /> lb)Sde W(tMout Credlt Approvd. l�ender rh�ll.if pertnitted by�pplic�bk low and wlth tho prior�pproval of�ha
<br /> �etary.roquira immedisu payment in full oi�11 the�ums Kcurcd by Ude Sacutitp ln�uumemt it:
<br /> - -- — �(i)A!1 or part of the Prape�ty.tx e beeel�cl+�l iate�r�t in a u�ut owning dl ar�wt of tbo PMUpe�ty.is wW or _ .
<br /> otberwiae ua�sfar�d(aher U�n by devise or de:cent)6y tha Barowar,and
<br /> _- (ii3 71��nY���cupkd by the purch�scr or gr�nuaa oa hts ar her princip�l n7+idence,or the purehnser
<br /> or grantea daes �o occupy the Property b�t hie or har crcdit 1� not b�ea� approved in �ccordance
<br /> wlth the roqui�menta of tix Socretuy.
<br /> (e)No Waiver If ci�umetanca occur thu would permit Lendar to rcqui�immediate payment in full,but l,eader
<br /> does not rcquirc:uchpayo�t�ta,L�ender daes not weivc it�ri�hGr wi�h n�apect to xubsa�uant events.
<br /> (d1 Rquldiaa ot HUD Secretary. In many circumstances rs�ulat�ons issued by the Sacrclary will limit l.enderh
<br /> �ighte� in the case of poyarcnt defaul�s. torcq uire immediate paymcnt ln iull and foreclose iP notpa�d 71iis
<br /> Security Insuument does not authoriu nraleruion or faeclosu�e if not permitted by regul+uions of tha Secrctuy.
<br /> --- (e)Mort�a Na1 Iqs�ued. Borrower ogrccs that ihould thia Security lnstrument and�he nde Re�curcd therc6y not _
<br /> be eligible for inauramx wider �he N�tiawl Housing Act within 90 DAYS �m�
<br /> date hercof.Lender mc+y,at its opion w�d notwithstanding�nything in Pangrpph 9.rcquiro immedipte psyment in
<br /> full o;all sums socurcd by this Securily Inatnxnen� A w�itten stwemem af any authorized agent of tl�e Secretary
<br /> drted subsequent to 90 DpYS irom 1he date hercof,declining�a i�ure�hia Security
<br /> e
<br /> lnswment and the note secw+ed thereby.shall be deemed conciusive proof oP auch ineligibility. Notwlthslonding
<br />: the forcgoing,this option may not be ezcrcised by Lender when the unavailability of insurance fa sokly due to
<br /> Lender's failunc to rcmit e martgage lnaurw�ce premium to the Secrcwry.
<br /> - 10. Reiaotakmea� Bwrower has a right to be reinswted if l.ender hu�c reyuired immodfa�e payment in full be:cause
<br /> �� !, of Barower�failure to pay an amaunt due under thc•Nac ar this Securlty Insuument. 7bis right applies even aher
<br /> foroclosure proceedings a� msrituted. 'Ib reins�ate�he Security Instrument. Bomower xhall tender in a lump sum all
<br /> amounts roquired to lMng Borrowerk uccoum current includiog,ta the extent Uiey wr obliga�ions oP Borrower under this
<br /> . Security i�trumrni.iurra:ia�ura ca-ats and s�asanablc u�d cu:i�sssustseys'ftta and sxpenses �ly essaciated with
<br /> a
<br /> '4��. the foreclosure pmceeding. Upon reinstetement by Bomower,lhia Securlty Inctrument und the a ligations thut it secures
<br /> ': ��Y"f�`�-� -' siwll�emain in effect as if Lender hwd not�quired immcdia�e payment in full. However,Lender is not requircd to Pertnit
<br /> ' ''lf Ej'K,:i,�•
<br /> ,,F' �efnstatement if: (i)Lender has s►ccepted refnstatement ufter the commencement of foreclosurc proceedings wilhu� two
<br /> N '. ,;;:';� years immediately preceding the commencement of a cument foreclo`ure proceeding, lii) reinstatement will p�clude
<br /> ��, faeclosure on diiferent grounds in�he future,or(iiil reins�a�emunt will odversely uffect the priority of tha licn c�rated by
<br />_ •,�"+5.; '�,,,,,;,`;>,:, thia Security lnouvmem.
<br /> �s r�.�•� �,���� p. Uorrower Not Released: Forbearance b� l.ender Not a Waiver. Extension of the ame of payment or
<br /> . .►t.;:'t;��l��•�.
<br /> '�. , modification of amortizution of�ha sums secured by this Securi�X Inrtrument Rrantcd by Ltnder to uny successor m interest
<br /> _ ::<•rx!�'s:i�;;) of Borrower shull not operate to release the liubility of the origmul Borrower w Borrower i�xuccessor in interest. Lender
<br /> � '• �� • shall not be reyuired ta commence proceedings ngumst anY xucc��.wr in interest or refu.tie ta cxtend time for payment ur _
<br />— •� ��'3�A '"� o�herwise mod�f amortization of the sums secumd by �h�� Security� Inwtrument by reuxx� of uny demnnd mude by the _
<br /> � �� :.,:n_n:t;3 . ., y
<br /> , °��,;;;,;._. �••.., odginol Borrower or Borrower R successar4 in interest. Any forbeurancc by Lendcr in excrcising uny right or remedy slwll
<br />: N,�; �';r ;, not be a waiver of or preclude the eaercise of any righ�nr remedy.
<br /> -- �=��'��'�`?��'• 13. Successors and As.vigns Bound;Jdnt A�I G!ve�l Liabilitr:Co-Sf��era. The covenonts and agreements of
<br /> • ���'""""'�' � thls Security Instrument shull bind and benefi�Ihe successon und u�xign,of Lcnd�r und Borrower.subject to the provisions
<br />� � '•t:�+fi�`a''?:� •�'�°{•� of Paragraph 9.b. �Borrower:s covenants and agreements shull be joint and several. Any Botrower who co-signs this
<br /> ?� L;,,���;;��y;;. Serurity lnswment but does nnt execute the Note: (ul is co-.igning thiti Serurity Inxtrument anly lo mortgage.grant ond
<br /> ``�'" convey that Borrowerk interest in ttie Property under�hc tertn+of thi.Sc�urity Insuumenr(b)ir not personolly obligated to
<br /> •���'• ' s cured b this Securit Instrument:unJ Ic 1 a rees thul Lender and�ny othcr Borrower muy agree to extend,
<br /> �� � .. .r�:,,.. . Pay thc sum se y Y F
<br /> . . �{;:.r,, modiiy,forbear ar make any urcommodotions with regurd tn the trrmr ut'Ihix Securi�y Inrtrument or the Note without thet
<br /> ��." �•�J.,,�,�,, 8orrower�consent.
<br /> �': ,;1�}i.�;c;, . 13. NoUces. Any nwice tn Bormwer provided tor in�hi�Security Inytrument xhall tx:given by delivering it or by
<br /> mailing it by fint cless muil unless upplicuble luw reyuires use of unothe:method. 71�e notice +hull be dirccted to the
<br /> --- � "`_•J-"� � Property Address or any other addrcsx Borrower designutes by no�icr tu Lender. An notice to Lender�hull be given by
<br /> �, r;lr. .
<br /> �: .W, r��fir� fi�t class mail to Lender�uddrus.r stuteci herein or any uddre.s Lendrr designulex y notice to Biirrower. Any notice
<br /> ` `� 'S`'`" � pm�•idcd for in this 5ecurity Instrument shall be deeme J to huvc t x�en givcn to W►rn�wer or Lcnder when given us provided
<br /> �?'' � � ��',�':;,,; . •e
<br /> �_e�,.�.:. . ,,, in this paragraph.
<br /> :��'. �f�t;,��` � Iq. Governing Law;Severability. 'Chi+ Securi�y In.wment .hull tx govemed hy FrJerul luw unJ the luw of the
<br /> ;; . " � . � jurisdiction in which the Propeny i.r• I�xuted, In Ihc evrm Ih:it any pr�►vision or cl•ru�r of thix Securiry Inx�rumem or the
<br /> � • . Note Conflicts with apPlicuble law.�uch runflict.hall nw al'1'�rl olher pruvi�ions��f thi+ Serurity In�tniment nr the Nute
<br /> �. .; which can be given effect withiwt�he wntliciing provi.inn. To thih end thr pruvi,i�nx of thi�Securiry Instrurrknt und the
<br /> r;,,r.�,.,
<br /> �< '-,., .' Note are declured w bc zevcruble.
<br /> •c;;;'.�::-;:�,' 1S. Borrower•s Copy. B�xrowcr.hall tk�iven imr conl�,micd cupy of thiti Srcurit�•Inxtrumcnt.
<br /> �. . � 16. Assignmenl of Renta. Borrowcr unronditi�mully a�.i�nti und trun,fen to L�ndcr all thc rent�und revcnuc+uf Ihe
<br /> . •`•'�`�.4 .�y Property. Borrower aulhorirx.Lrnder or Lender's u�tentx iu collect�hr nnt��mJ revi nurs and Iwrehy Jirert+euch tenant of _,
<br /> - � ' , the Propeny to pay 1he rents to Lender or Lender's agents, Ilowevrr,priur to l.enJcr i noticc to Borr��wcr oF Bormwer's
<br /> - �::};c,..' " breuch af any covenant or agnement in thc Security Invtrument.Barcuwer�hall colkc�ond receive all rcnl�unJ rcvenuc.nf _
<br />=:_';� �*:''''�"��•`ti,;���„',:;; ' the Properiy as trustee for the Benefit of Lc�dcr and Bormwrr. Tl�is us+ignment of rentx ronxtitutcs un ub�olutc ussignmenl .
<br /> �%�'i���'":tr.' i
<br /> �� ,.��. .. r and not an agsignment for udditinnul;ecurity only.
<br /> �,�,�,,�_ If Lender gives nntice of brench to Bortuwer: Ia1 all rentx rcceivrd by Borruwrr.hall t�held by Borrower�s trutiiee
<br /> —_— —_—_— .». ,.. '_�" '_�" '_ �_ '__c'� ....�.. .... .l 1. �6.. C....��r'ro In��n�ms+nf• !hl�rruL•r �hn�� �Y•i•tlt11�C(�t11
<br /> — _--
<br /> __.. R .�'S'_''.� .. l.�_-.:-� IOI OCIICIII UI LcuUC1 v111y.u.�n. apruw au u�.. .,uu;:C::«:....j ..» .»......� ......._..._.... ." _"'_" .
<br /> •} ` cdleet and neceive ull of the rents of�he Pruperty;amd lc)cuch tenum ot th�1'rnpeny.hall puy ull rents due un�i unpaid�o _
<br /> �,�:�;,.�;�„ l.ender or Lcnderl agent on Lender.l• written demund tn thr�enunt.
<br /> �' •-�. �p��_��,�: Burrower has nol executed any prior ussignmcm of thc rent.r•anJ hu�not und will not�xrfom� uny uct thut wcwld
<br /> �- .t; __;�,r, , prevent lxndcr from eaercisin�its rights undcr this Hrcugruph 16.
<br />--- - `�'-�'` Lender shall not bc reywmd to cnter upon,te�kc contnil of or muintuin thc Pro�xny txf'orc or•rflcr�;iving notice of
<br /> ---��;•,,r.� �`�;;�;;,•"�••. brcach to Borrower. Huwever,Lender or n judici+�lly appuinicJ rcrri���r m:�y d��tio a� unv�imc thcrc�s u brrach. Any
<br /> -��,':.`�,..; ,.:•;.�;, ;,, application of rcnts shull not cure or wnive nny defuult or invaliJulc uny�nhcr ri�ht or rnmcJy of LenJrr. Thi�a„ignmcnt
<br /> `;.�� ,'•- of reM�of the Property shaU terminate when�he debt securcJ by the Security In�trument i+pnid in full.
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