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<br /> p�yrnent�,whkh aro nsfem�d ra in Pan�pt�2,or ch�n�o ihp wix�unt of wch payment�. Any exceR9 proceeda uver�n -
<br /> arnauM,n�quired w p�y dl autaandina fndoMedneu w�der tho Nqtp�nd thir Security In6aument ehwll bo paid to tho entity
<br /> la�ally anlitled�hercto.
<br /> !, Fleer. Lender m�y colloct fees and ch�rges suthorized by tfa+Secrctuy.
<br /> - !, GrounAi�or Atrelention of Oebt.
<br /> (a1lk�iult. Lendor mwy,a�cept�s limited by regulntinns isaued by the Secretuy in tl�e cASe of pnymeM defwitx,
<br /> ;: i n�squiro immediwtopaymont U full af�II sumr socurod.by 1hitiSecudty Inawnxm if:
<br /> (i)�rrower dafuullp by fuiling to pay in fLll nny mnnthly�p�►ymant rcquircd by this Security Incuument prior
<br /> °+� �4 oc on tbo due data of the next mauhlY P�Y�+���Pt
<br /> (ii)Rorrower defauUp by fuilinp,iix+�periad af thitty dAy�..ta p�form eny other obligatlons conrafned in Ihi�
<br /> Secu��It�yIncqumont.
<br /> — — --- (6)fi�le Wltbuuf Credtt Approvsl, I.endar shpll,.if pennitlad by ap�llipablc�law and with the prior approvd of�he
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<br /> �- Secneuuy.requiro immadiata ppyment in full.of�elbtha sumA secu�+ad by this Secu�ity lnswment if:
<br />_ _�'��;� (if A�I or port of�ha Propeny.or a bcnatiaial int�t+ast in,a trust owning all�or pan of tha Propctty.ia soW or
<br /> .--u�� otharwisa trnnsfomed(ochar�hAn by davir�a or descent)by the Barrowe�,and
<br /> =;=_�-� (ii)'Ihe Property ib nat ocaupisd by Uta purafiaser or gntntee as his or her principa!residenee,or II►c purchuser
<br /> °� o� grnntee dacs so accupy th� Property but: his or her crcdit hue not been approved in accordanca
<br />�� • :;: "' wlth the requi�cmenlR af tha Secretary.
<br /> (�:)Np Wi�tver. if citeumstnnacs occur�hat would�ptmtil�l.ender to require immediete puymant in full,but I..ender
<br /> ,��-"=�;;..: �%�';,�".- daas not t+equina suoh ppymenla,l.ender does nat wa,ivo�ta dehts with respect to sub.sequent eve�ta.
<br /> -�'l °�- ' (d)Ite�ulnNona ot HUA$ecretary. In many circumstanacs ns$ulations issued by t!�Seccrtary will limit Lender�s
<br /> •���� '',�•��{°�'.' ' rigMa, in tha case of paymnnt.defauhs, toreyuira immadiata payment in full and forcclose if not d 'ihie
<br /> �;w• ':"`."���l`.'' Securiry Instn�meot dcea na4authadT,e aocclamlian or foraclacure if nat pertnitted by regulutions of the retary.
<br /> '���.. , `� le)MortQAge Not losnred. Bomo�var agmes thut should this Secuat�Ine�ument;}I1d the note secured thercby not ---
<br /> 8 IAO11td8
<br /> . •- • , .,• ,;. be eligibla for insumnGe undar the Natianal Nousing Act within f��
<br /> ' � ���'"`" datc hercaf,l.endar may.at�ite aption�and nawithstanding anything in Pwugraph 9,requim immediate payment in
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<br /> •;"�;,; full af all sums secumd bygthl�S�a�c��il�r lnsln�rnent. A written stAtement of any amhodzed agent oi�h6 Secretery
<br /> , ' -t'�' '�" �''`��'� dated subsequanl to from the date hereof,declining�o insune this Security
<br /> ' Instrument nnd th�nala secwed thm�aby. shail be daemed conclusive proaf of such ineligibility. Notwithstunding
<br />,,;;�:•. ", ' tha foregoing, thla optianma� not be cxeroised by l.ender whan�he unnvailabiliry of insurance is solely due to
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<br /> ��'''" Lenderh fuilurs ta�remih a mart�oge insuranca pr�mium 14 the Secr+e�ury.
<br /> IOi Rainetutnme�t. Bumo�vicer has a right to be reinstated if I.ender has r+equired immediutc poyment in full becuuse
<br />' � � of Hurtn�varg failu�s ta�pay an amount due undcr the•Note or ihis Security Ins�rumant 7'his nght applies even aftar
<br /> `'' foreclosura proceedin$s ara instiwted. 7b rcinF:um the Securily InsUvmen[, Borrower shall tender in a lump sum all
<br /> amouixs raquirad�to bring Butrower�s account curnen� inc:luding.to the extent they are abliga�ions of Borrower under this
<br /> ��-- - --�'.:7 Security lnutument,forecios�ire cos[.s nnd reusonabi�and cux�ornury a�tu►��cy,'Pre+wid��}kn;esprop..rly�ssociated wiih
<br /> . �:'.,•,;. the foreclasure prooeeding. Upnn eeinstatement by Borrower,thiK Security Instrument and the obligations�hut it secures _
<br /> . ; ,� .•:;�::�� ahall�roman�in•etfact as if'Lender had not reyuired immediutc puyment in full. However,l.ender is not reyuired top�rmit `-
<br />• , reinslatornent•if� (i) L.ender ha,accepted remstatement afler the commencement of foreclotiure proceedings within two
<br /> " • yaare immodiataly pn�seding the commencement of u current foreclosure praeeding, (ii) reinstatement will preclude =_�__
<br /> � foreclosura on differon�,grounds in�he Poture,or(iii)reinxtatement will advenely nffect the priority of�he lien cr�eated by -
<br /> 1� , , �hixSecuri�y Instrument. d=��'"
<br /> Il. Burrower Not Released; Farbearance by Lender Not a Waiver. Ex�cnsion of the time of payment or
<br /> modifleztian of amorti2ation of Ihe sums aecured by this Security Instrument�ranted by Lender�o any successor in iMarest
<br /> � of BrxrnH�er shall not opeern�e to releu�e the liubility of the uriginul Borrower or Rorrowerg successor in imerest. l.�nder �'`
<br /> ��. :. � - shall not be requirod to commeace proceedingz ugain�t any succe�sor in interest or refuse to extend time for payment or ''"��
<br /> ;( , . otherwfse modify amonization ui thc sum� .ecun:d My�hi� Security InstNment by reasan of nny demaml made by the � ��
<br /> �.*� ' ori$ind Borrower or Rexrower's succexsor.c in intantst. Any fortxarancr by Lender in exerciring any right or remedy shall t••,�•
<br /> ���, ' � not bca waiver of or prcclude the exercise of uny right or rcmedy. i
<br /> 12. Succes.sors and AcsiRns Bnund;Joinf and tieveral Liubililv;Co-tiigners. Thc covennnts und ugreements of
<br /> � � �'' this Security In�trument+hall bind and tx�neflt thc wccessor,und o+xigm ol Lender und HuROwer.subjc�ct to the provision+ �
<br /> � " � • of Pmagrnph 9.b. Borrower's cavenunt.und ugreements ,hull 6e joinl und ,everul. Any Bortower who co-tiignz �his
<br /> Security Instrumem bu�doc+not cxccutr�hc Note: (al is co-xigning thir�Scc��ri�y In+trument only lo mortg:�ge,grunt and �
<br /> � " • convey tMnt Borrower;intcrc�t in the Property under�he�erm,ut'�hi,Securiiy In+trumcnt:Ihl i+not penonally obligated to t.'
<br /> pay ihe sumn scrund by�hiti Scrurity In��rumcnt;anJ Irl a�rcrs that l.rndcr und uny othcr Borrow�er muy ngrec to extcnd,
<br /> • �� modify,farbeur or m+�ke uny ucrommcxlationx with re�anl ta Ihe term.of thi� Securiry In�,trument or�he Note without that .
<br /> • -. ;I'` Borrower'scon,ent.
<br /> ��'.:"• 13. Notiees. Any notice to Horrower proviJed tiir in thi.Security Intit�umrnt.hull tx given by delivering it or by ��'� '
<br /> • � �� '. . ` mailing it by first clu�s mail unlexti applirablc la��•royuirc+ u��uf:uiothcr methal. Th�nwire �hull be directed to thc � �
<br /> �!; � Propeny Address or any othcr address B�irrowcr dc.i�nut�,hy noticr w Lender. Any ni►tirr ta LenJer rhull bc given by ��
<br /> � �Y • , , first class mail to Lender� adJn.,.iuteJ hcrcin or uny addre�.l.endrr dr.ignair. by nuiicr tu Born�aer. Any notice '
<br /> provided for in this Security In�trumrm�halt be dcemed to huvc Ixen Fiven tu Hom�wer ur I.ender when given us pn�vided k
<br /> �� � in this paragrs�ph. 5
<br /> i�,; ' f ' •. 14. (iovernin�Law:Severability. Thiti Security In,trumcnl �hull hc �u�cmeJ b�• Frdcral laa� and thc luu•uf the �
<br /> jurisdiction in which Ihe Propeny ix lucated. In thr rvent that any pr���•i.i�m ur rlau.c��f thiti Srcurity In+trument ur the
<br /> (� �•. � Nc�te conflicts with upplicuMe luw, ,uch rontlic� �hall nul at'frrl udirr pm�i.iun+of thi, Serurity In�trument or the Notc '
<br /> � , which cun be given eftiect withuut thc runtlic�ing pruvitiiim. Ti� �hi.crxl thr pru�•i+ion.ot��hi�5erunty In�trument und thr •
<br /> . , Note arc declurcd to he+cveruble.
<br /> IS. Borrower's Copv. Borrowcr.hull tk�:ivrn unc rant�rrmrJ rupy uf thi.Srcunt� Imtrunxm. .
<br /> ' 16. Ascisnment of Rents. Borruaer uncundiliunully a��i�;m�nJ tran+frr.to LrnJrr all the rems und revenues of the •
<br /> ' ' ''' P�vpeny. Borrc►wer authoriie+L�nder ur l.cnder:a�:rn�.t��collrr�thr rrnt�and rcvenu�.und herehy direcls earh tenunt of , �
<br /> � ` � the PropeAy to puy the rcnts ti� Lender cx Lrndcr:agcnt�. Huw•ev�r,priur ti�Lendrr. notice lo Borrower of Bom�wer+
<br /> };, i�:.,��' breach of uny covenunt or ugrcement in thr Sccurity In,trumen�. Bnrrow•rr.hull r��Ocrt and rcrc iv�uU rent+and revenues of
<br /> � . the Prop�riy as trustce for the tknetil of Lcnder anJ Burn�wer. Thi�as.i�nmrm ot rcni.ron.titute�an ubsolutc+u.ignmem
<br /> s� . � nnd nd an assignmen�tor ndditionul recuriry only. .
<br /> '�:,N,�_ If Lender gives notice of breach to Burm�cer. la)UII rents rrteivcJ hy Borroacr.hall he hrld by Bumuwer us tru�tce
<br /> � �. _�.
<br /> l--'—y� ,r... --�--;. .- ior oenefn of i.ender cxiiy. to oe uppiieti w�ne aum. >rcunu�y iiK Sc�u��iy i��.i�u�i�c��i.i��i Lc�i��� .;,,+i� u<<��ii�0����� •
<br /> " ' � , collec�und receive all ol'the rem.of thc Pn�prrty::u�d Icl earh trnum ot'the Pri��xny shull pay all nnt.due and unpaiJ tu
<br /> � Lender or Lender's agenl on LenJer's writ�en dcmund to thc tcnant.
<br /> � Borrower hns not execuled uny priur u.xi�nmen�o( thc rem.und ha.n��t und will not perfortn ony act thnt w�uld
<br /> �-� °� �, prevent Lender from exercisin�its rights undcr�hi.R+rugmph It�.
<br /> 3 " Lender shull not be reywrcd to enter upon,take contml ut'or maintain thr Prupcny brfuR or a(ter�iving naticc��f
<br /> � F � breach to Borrower, However, Lendcr or u judiciully ap�x►intrJ recciver may Jo�o ut unJ� time there i+�breach. Any
<br /> . ' upplicatian of�nts,hall not cure or waive uny default ur�nvalidutr un��otinr ri�;hl��r rcm��iY of Lendrr. Thi.u+�iEnmrnt
<br /> � + � . • of renls of 1he Property shall�ermina�e when the drbt�crurcJ by thr Sccurity In.trument iti paid in full.
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