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<br /> ertod w in 2.or clw��o U�e�mount of such pwy 93u. � , t cdR over an
<br /> P�Y��which ue nf pu��undar tho NoGa�nd this Secwity Inapument�hall be pud w the entity
<br /> qnount required a pa�y.0 aut�ta�dfn�
<br /> IeQall emided Iheroto.
<br /> � Fee�. Lender mny colbct feea�nd ch�r�a�wiwrizod by the Secretary.
<br /> !. arouad�tar Acceteratla�d De6t.
<br /> (�)pehW� Lpider may�excepc as limited by regul�tions issued by�he Scc�+eluy in the case of p�ymait defaulu,
<br /> noql�ine immedlwep�ymeat in fuli oP dl sums�ecural by this Security Inauument ii:
<br /> (i)Borrower defaulq by f�iling to pnny in full any monthly p�yment aquirod by thls Security Inswmau prior
<br /> _ ' w ur on tha due date of tbe next monthlY P�Yme+u.or -
<br /> (ii)lbrrower defiulls by idlinQ.for�pedud of 1hirly d�ys.w perform nny other abligatians contained in thla
<br /> SecurFty Inawmen�
<br /> (y)6slk WUhoul Credtt Approvwl. Lender shall.if pemiittod by applicable law And with the prior approvd of the
<br /> Sso�t�.ry,roquire immodiue payment in full of all the sums secund by thie Secudry Insaument if:
<br /> ��qp,or,p�ot'�be �o�a ber�tficial intenst in e wst ownin�all a part of the PropeAy,i�wld m
<br /> - -�----------------' oti�anri�e�sk6at(��i i�try dcvisc or dcsccnt)by thc Bormwcr.and -
<br /> —��°— _ (ii)�hs « i6�Y�d,bY the Purchaser or grantee as his or her principal�sidence.or the purchaser
<br /> a �an t �ui the property but hia on c�r credit has not ban opproved in accardance
<br /> witdl.Qip�dlltmmbntSafthe Secr�ewry.
<br /> (a)No W+�1ver.-tf ciroumstar�xs occur thsu would permit L.ender to requiR immedfAta payment In full,6ut Lender
<br /> -- — dpes aot iequire suchpayments,Lender does not waive ita rights with respoct to aubsequsnl events.
<br /> e
<br /> ' (�)���ot M1p Secrelar�: In many circumswnces regulations i�sued by tha Secralery wflt 1im11 Lenderk
<br />`-�:..L.• rights.in tha casc of payment defeults. to m.�uin immediete (myment in full and foreclosc if nat paid 'I'hja
<br />-= Security lnetrument das not au�horiu accelerauion or forcclosure if nw pem�itted by r�egulations of du Secntary.
<br />'�-?` ----- i (e)Mort�a�e Nut tawred. Hormwer ugroea Ihat should thls Sccuriry Insuument and!he note secured thercby not -
<br />.:,,,�.
<br /> :;;r. be eligible for insur�nce under the N�tional Housing Act within ��
<br /> - duoe hercof,Lender may.at its option and notwithstanding anything in Paragraph 9,require immedinte paymcnt in
<br />:� ful!of�II sums securod by thia Security Instrumenti A wriaen atatement of ony authorized agent of�he Secretary
<br />, dated subsoquent to from�he dats hereof,declining to insu�e�hia Security -
<br /> InsWment and the note secured thereby.shall be deemed conclusive prooP af such ineligibility. NWwithstending --
<br /> . the foregoing.�his option may not be exercised by Lender when the unavailability of insurance is solely due to '�`
<br /> •� � L�ender�s feilure to remit a matgage insurance premium ta the Secretary.
<br /> 10. Reindatemea� Borrower hus a right to be reinstated if Lender has nequired immediate payment in full becaux
<br /> - of Bomowcr�s failure to pay an amount due under the•Note or this Securiry Instrument. Thie right appliea even after
<br /> - foreclosure: procadings ane institutod. 7b reinstate �he Security Instrument, Bormwer shull tender in a lump sum all
<br /> umounts required to�bdng Borrower's accoun!current lncluding,to�he eatent they are obligations of Borrower undar thia
<br />��- - - �ii Security In�trumcnt,foreciosure coscs and�eus�n�aL1�end cusi�ar�atiomcys'fees aad ezFen:�s gsoperly assaciated Widi -
<br />�``�'• �;�; the forcrlosure proceeding. Upon rcinctatement by Borrower.�his Secarity Instrument anc!che obligations that it secu�us
<br /> ��• " ' ' shall remain in effect As if L.endcr had not rec�uired immediale payment in full. However.L..�.nder is not requi�d tapemnit
<br />�:��'''��' � ' �•,;�y rcinstatement if: (i) Ixnder has accepted remstatement after the commencement of foreclosure proceedings wilhin two
<br /> ;;,.�> �{ ;; „�:X� years immediately preceding the eommencement of a cunent foreclosure praceeding. (ii) reinstatement will� p�eclude
<br /> - ;Qt-�� '�'tv.�f��' foroclosure on different grounds in the fuwre.or(iii)reins�atement wil l adversely affect�he priority of the lien creued by _
<br /> :• '� .',:,�;!,4.�-,,� this Security lnvlrument.
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<br />,���i'� ' �,+��� �"���:��e il. Borrower Not Releasedi Forbearance by Lender Not a Wa(ver. ExtenAion of the �ime of pxyment or
<br /> � +����• +��:�,
<br /> ,•� ,, �+ 'Zi?� modification of amortization oi the xums secured by this Security Imtrument granted by L.ender to any successor in ntamst
<br />= �'` �' •'k of Borrower sholl not operute to releasc the liabifity of the originnl Borrower or Barrower's sucee�yor m interest. Lender -'
<br /> ' � �,;,, , , � ahall not be required to commence proceedings against an�succes+or in interest or refuse�o extend time for payment or
<br /> � �•,. •: ,�r •„?:�'�„� uthetwise modify amonization of the sums secured by this Security Instrument by rea�on of any demand made by the
<br /> :;;'.. ,�, original Borrower or Bomower'.s successors in interest Any forbearance by Lender in exercising eny right w ramedy ahall _
<br />`"�� � •� -.!��� �• not be a waiver of or preclude thc exercise of any right or remedy. _
<br /> -�''' �'� �'�'`'""'' • 12. Succeasors nnd As9lgns Boundi Jotnl and Several Liabllity;Co-Si�ners. The covenants wid agreements of
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<br /> _ • �•�-�•.--""� - lhis Security InsUuu�nt,hull bind and benet7t the succcssars and ussigm ot l.cnder and Borrower,subject to the pmvicinn.
<br /> :}��.:�:"•''` "�""' of Pazagraph 9.b. Borrower's covenant4 and agreements shall bc jomt nnd several. Any Borrower who co-s�gns this -
<br />' "�,'.''�`' Security Instrument but does not execute�he Nate: (a)is w-signing Ihis Securiry Instrument only to monRuge,�rant and
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<br />_ • �:;�,�,.�`'5�,,:�� :'.'�' �: convey that Borrower's interest in�he Propeny under�he tertns of this Security lnstrument:(bl is not personully obligated�o _
<br />__ �+;.�• ;;;;,s:�;. pay Ihe sumc secured by lhis Security Instrument;und(c)agrces�hat l.ender and mry other Borrower may agree to eztend, ;
<br />,�� , mod�fy,forbear or make any accommodatians with regard to�he terms of this Security brtrument or the Note withaut thm �
<br /> �° •� • „'..':' Borrower!s consent. -
<br /> •� "'�'��•''��"'-' 13. Notices. Any notice to Borrower provided for in this Security Instrument xhall be�aiven by delivering i�or by -
<br /> � `; • mailing it by first clws muil unless opplicable luw �eyuires use of uno�her methai. The notice xhall be directed to the _
<br /> - '�-. •�, •. Property Address or any other uddress Borrower designute�by notice tu Lender. Any notice to Lender sh�+ll be given by
<br /> ,�, �•-: first clusx mail to Lender's c�ddress stuted hercin ur uny address Lender designute, by notice ta Borcower. Any notice
<br /> „�,*!"' :r� � , provided for in this Securiry Instrument shall he deemed to huvr becn given to Bormwer or Lender when given as provided
<br />-��•� � • in this pum�rnph.
<br /> " l4. (,overninR Law;Severabllity. This Sccurny Instrument+hall Ix g�wemrJ hy Frdcral luw suid the law of the
<br />-'" ,';'`; `""` ' ';;,`� jurisdiction in which thc Pmperty iz Icxuted. In�hc evcnt thu�uny provi+i�in ur cl:�utic ut'this Scrurity InstrumeM or the
<br /> Note conflicts with ap liruble luw, wnc �onflict +hall not at'fecl otlxr pnwitiians uf Ihis Sccurity Instrumeal or �he Nnte �'
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<br /> , s ,'� � .,:;;�;.�,�; which cun be given effect wilhiwt the c�nflicling provisiun. Tii Ihix end thr pmvisiom of lhix Serurity Innlrument�nd the =
<br /> :r Note are declsucd to t�c u:vernblr. -
<br /> ;��:`� � 15. Borrower's Copy. Borrower.hull be�iven��iw ronfam�edcupy of this Sccurity Inslniment.
<br /> �`ty'' � 16. As.Rignmenl of Ren��. Bortower unconditianully uswign.,md tron�:fer.to Lcnder ull�he rcm.und revenuc+��f the =
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<br /> ;�:b_•- -`. .' property, Borrower aulhc�rizes l.enJer or LenJer's agenl.t��colkrt tlx�rent+and mvrnurti and henby Jirzct.each tenant of LL
<br /> • � �° 1he Property to pay the rcntx w Lendcr ur Lendrr's apents. Howevcr, prior tu Lendcr�noticr to Bom�wer of Bortowrr: __
<br /> � � ��'���'; bneach of any covenunt or agreemcnt in thc Srrurit�•Imtrumrnt.Bormwer shull callc:rt orni rc�rive all rentx und rcvenuew of _
<br /> '�'-�'�5. _ 1he Propeny i+s�mstee for thc Ix:nef i�of L.ender and Borrower. Thi�u��ignment cif rrntw cons�iiutcs un utr.�olute ac�ignment _
<br /> '' :���+;r'ii' ; ' and not an ussignment for nddi�ional securiry only. _
<br /> - _ ��� If l.ender gives notice oT brcuch to Hom�wer. (•rl all rcntx rcceived by Borcawcr.h�ll bc hrld by Borrower a�I�v�tec �
<br /> --� �.. .w.. c........... 1.................. il.i 1....d.....1...11 I.......dH...l�.. ¢'
<br /> , , fOf bCflClll Oi Le110CI'oI11y.lo tte uPPlicu iu iiic �u�ii�.1<<41tY.,� .�n ........y ..�.............. ...,..�...... ....«.. ..........�..... .;
<br />`:� � ��•; � collect w�d receive ull oF the nnt+of�he Prop:rty;:u�d 1c 1 rach Icnon�iif ihc 1'�operty shull puy all renls Jue and unpuid to !-
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<br /> �,, . ,•, � �;. ; Lender or Lender's Agcnt on Lcndcr's wriucn demunJ w thc tcnam. �
<br /> _ • •�;µ,�,.•1�t::;�:�>• Borrower ha�not ex�tiuted uny priur u.�igmnenl��f Ihe r�ntti and hus nut und �vill not pertiim� uny uc�thm woulJ
<br /> --- `� ,;-•°•x "%��' revent Lender from ezercisinB i�s rightx unJrr thi�Pura�!ruph 16. �°
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<br /> " � Lender sholl not bc reyuired to entcr upon,tul:e control uf ur muinluin the Pro�xny Ixli�re or�fter giving mxirc��f �
<br /> —�;�-�c,..,. .
<br /> '..�,._,� ,,, . breach to Bortower. However. Lender or u�uJiciully ap�inted receiver muy du,o at anv timr thrrc is u breach. Any
<br /> � �,�'`,"�r•<,; applicution of renta shall not cure or wuivc unv dcfuull or mvuliJute any othcr righi ur r�mrdy of LrnJrr. 1'hi.a.riEnmcnt
<br /> '��R;�� of renls of the Property xhull tertninute when Ihe debt secured by the Securiry Intitrument ix puiJ iu fulL �
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