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<br /> �t�:.. a 91--105'711
<br /> �'�� payments,which ane referted to in Paragraph 2,or chenge the amount of such peyments. My eacas proceedr over an
<br /> ;,,��� ' smauntrcq uircd to'ay all outxtanding indebtednesa uader the Nae�nd thi�Secudty In9uument ehdl bo pwid to the entiry
<br /> ., ,�� - legelly entitled thercto.
<br /> S. Fees. l.ender may collcet fixs and char�es authorized by 1he Secrcwry.
<br /> _�'�,�j 9. G�+ouads tor AccekrAtba ot Debb
<br /> _ - I (ay il�faul� Lendcr may.cxcept ns limited by rcgulaUaas issued by thr Secretary in the c�Re nf peyment defnults, _
<br /> "" y� ���� requlro immediate payment in full of all suma secured by this Security Instrument if:
<br /> •_� ' ��_� (i)Borrower defaults by failing to pay in full any monthly payment required by this Sa:�uity Inauument pdor
<br /> ", to or on ihe due date of the next monthly payment,or ---
<br /> � -+ `�. (ii)Borrower defaults by failing.for a perioA of thirty days,to perFarm eny other abligations conwined in this
<br /> -.'���"-',. Security Insuument. p�
<br /> --=--i:.1.-•. (b)5de Without Credit Approval. Lender shell,if permitted by appflcable law end with�he prior appravA!of the
<br /> �""'' Secretary,require immediate a ment in full of all the sums secured b this Secudt Inatrument if:
<br /> _ ,�_�� .„- p y Y Y --
<br /> ---° -=�_ � �' (i)All or pait of the Property,or a beneficial intcrexl in a trust owoing all or part of the Propeny.is sold or
<br /> �-�-•••=� �.' otherwise ttansferred(ather than by devixe or descent)by the Borrower,und
<br /> �"�`,'";#�.;_F, (ii)The Properry is nat occupied by the purchaser or gmnlee as his ur her pdncipal residence,or the purchaser ___
<br /> -—�.:�;_= �� or grantee daes sa accupy the Property but his or her credil has nut bcen approved in accordAnce
<br /> `--��. --,��;,;, wlth the requirements of the Secre[ary. —.
<br />-- =�u�aa, (e)No WAiver. If circumstances occur�hat would permit I.ender to reyuire immediate payment in full,but Lender
<br /> • � does not require such paymen�s,Lender does na waive its ri�hts with rexpect to tiub.sequent events. ____
<br /> _�-`'`"_�.�... ..�� . (d)ReRuWtions of HUD Seerefnry. In many circumstances regulatbna issued by the Secretary will limit L.ender's -- �
<br /> ��'•'� rights, in the case of payment defaults, to rec�uire immediate payment in full and foreclose if notpaid. This
<br />.__���;.���^�' Security Instrument dces�at authorize accclerauon or foreclosure if nol permitted by regulationc of 1he Secretary. ��
<br /> �,�a
<br /> - -- �;:��•._�� (e)Mortgage Not Insured. Borrower agrees that should�his Security Insuvment and the nate secured thereby not �
<br /> _,=;�;� � `,:i w`=- - he eligible for insurance ander the Nati�nal Houcing Act within g monthR from the �__ _
<br /> -- o • date hercof,l.ender mAy,at its option and notwithstanding anything in Parngraph-g require immedinte payment in
<br /> " , ^`'� ° full of all sums secured by this Security Instrument. A written statement of nny authorized agent af the Secretary '�,
<br />' ' ° dated subsequent tu from ihe date hereof,declining to insure this Securiry �,.
<br /> � e mont hs
<br /> - __ �����'`' �'':i Instrument and the note secured thereby,shell be deemed conclusive praof of such ineligibiliry. Notwithstanding
<br /> ��. , • thc foregoing,this option may not bc exercised by Lender when the unuvuilubility of inxurance is salely due to ���
<br /> =�''+�� t� .-.` I.ender's failu►e to remi�a mortgage insurance premium to the Secretary.
<br /> ` ���• ° ' 10. Reinets�temenf. Borrowe�has a right to be reinatated if l.ender has required immediute payment in full becuuse
<br /> � a , of Borrower's• failure to pay an amount due under the•Note or this Security Instrumem. This right s�pplies even after
<br />- . .,: � .;.o,'r�., , foreclosut+e praceedings are instiw�ed. 7b reinstu�e the Security Instrument, Borrower shall tenJer in n lump sum ull
<br />_• - amounts requited ta bring Borrower's nccount current including,to the extent they are obligations of Borrower under this —
<br /> Security Instrumem,foreclosure costs and reasonable und customary attomeys'fees and expenses pr�perly aswciated with
<br /> + _ ` '..,l�► i�±-r' : • • the foreclosure proceeding. Upon reinstutement by Borrower,this Security Instrumeni and the obl�galions thAt it secures �.�
<br /> r �;,`4; ' shsll remain in effect as if Lender had not required immedintc payment in fLll. Howevcr,Lender is not required�o Perm�t
<br /> , reinstatement iF. (i) Lender has accepted reinslutemenl after the commencement of fareclosure praceedings withm two
<br /> ' . years immediately preceding the commencement of a currcnt ioreclosure proceeding, (ii) reins�Atement w�ll preclude
<br />. • .. ' foreclosure on different grourxis in the future,or(iii)reinxtatement will udversely affect the priority of the lien created by
<br /> ;�' ��� this Security Instrument. `��
<br /> 11. Borrower Not Released; Forbearance by I.ender Not a Waiver. Extension of the time of paymant or �,,�;
<br /> . � � � modificution uf amorlization of the sumx secured by this Security Intitrumem granled by l.ender to uny succestior in interest �_
<br /> ,a," of Borrower shull not opr.rute to releu.tie the linbitity of the c►riginul BorroK•er or Borrower+xuccessor in intcrcst. Lender =�
<br /> . .• shall not be required to commence praceedings uguinst any succeztior in interezt or refuse to extend iime for payment or �_•
<br />, * � otherwise modify umonixation of thc �ums secured by �bti Serurity Instrument by reu.�on of uny demund mnJe by thc
<br /> original Borrower ar Borrowers succrsson in intercst. Any forheurunce by Lender in exercising nny right or remedy shnll ��? �
<br /> '��'�� • . . �� not be n wuiver of or preclude the cxercise of uny right or remedy. _
<br /> � • 12. Succes.gors and Assigns Bound:Joint and Several Liability;Co-SiRners. Thc covenant� and ugrcementw of �_
<br /> • this Security Inxtrument shull bind und t►enefit the �uccesson und nsxign.of Lendcr und Borrower,subject to the provisionx
<br /> _ . � of Pw�agraph 9.b. Barmwer's covenunts und agreemenl, xholl be joint und .ever•rl. Any Burrower who co-signs this _
<br /> "�� Securiry Instrument but daz not execute thc Note: Iu1 is co-si�nin�ihiti 5ecurity Instrumrnt only to monguge,grant and
<br /> - conv�y that Barrawert interesl in�he Propeny under�he�erms of thiti Security Instrumrm;lbl i+nc►t personally oblisAted to _..
<br />� • -^'`• • puy the sums secureJ by this Securi�y Intitrument; und(c)ugrce,thut l.rnder unJ ony other Bormwer muy agree�o extend,
<br />.. •. ° ' modify,forbear or make any accommcxlations with Rgurd to thc icm�s of'thi.Serunry Instniment or the Note wi�hout that �°-
<br /> �.:_'ii:a• . , Borrower:s conscnt. �`�'
<br /> � . 13. Notices. Any noticc to Borrower provided for in�his Security Instniment xhall tx given by delivering it or by
<br /> .. i�°� • mailing it by first cluss mail unless npplicable luw rcyuires u.c uf unother methad. Thr noticc sh�ll be directcd to the �
<br /> � ""�. Propeny Addregs or uny nther uddress Borre�wer dcsignule�by notice to LenJer. Any nutice to Lender shall be given by
<br /> � first class muil to Lcnderti uddress stated herein or uny uddrex�Lendrr detiigna�es by nii�ice to Rorrower. Any notice
<br /> � provided for in thia Securiry In+irumcnt shall he drrmed�o havr bcrn Fivrn to Borrowrr or Lender when givcn as provided -�_
<br /> " in this parugroph. `�
<br /> e 14. GoverninR l.aw: Severpbility. 'I'hi.Scrurity In.wment .hull t+r guvcrncd hy Frderal luw s�nd the luw of thc
<br /> juri�diction in which thc Pro{xrty ir I�xated. In the evcnt ihat :my pnwixion ur rlau�c uf thi+Security Imtrument or the
<br /> ., Nate cunflic�s wi�h upplicable law..uch c�mtlict .hall nu� :dTer���ther provi,ium nf thi. Srrurity Instrument or the Note
<br /> which cnn be given efl'ecl witFH►w the conllirting proei.ion. 1ii thi.end ihe��rovi.ion.uf�hi.Srcurity Instrument and the ;
<br />: Note ure declureJ lu Ix.evrrublr. � .
<br /> 15. Borrower's Cup�v. Borrower�hall Ik gi ven une runtimneJ c�►py uf thi.Securiiy In+tn�ment.
<br /> 16. Assignment nP Rents. Rormwcr uncanditionally a.�i�n�aixl tran+i'rr.tu LrnJer all thr mnts und revenuc�ot thr
<br /> ' Property. Bnrcower authorize�Lcnder or Lendrr�a�;rntti to cnllcct thc rcnh and rccenue.and hcnby Jinrlx cuch tenant uf �
<br /> thc Property ro puy thc r�nt. tn Lcndcr or Lendcr:apcnt+. Ho�ecvrr,priur to Lcndcr's nrnicr tc►Bcxmwcr of Borrow�r� �
<br /> ' brench of any covenunt or ugreement in the Securi t�•In.�rumrnt,Hurca�vrr.hall collrrt anJ rerriv�al1 rcrn.und revenues of
<br /> � the 1'roperty u+tru+tcc t'or thc Ixnclit ol'Lrndrr anJ Hon��w•cr. 'I'hi�:u.iEnmrm uf renh con.litutes.m ub�olutc ux�ignment
<br /> • , und not un ussi�enmrnl tiir�Jdi�iunal�rruriry�mly.
<br /> ` . If Lcndcr givrti no�irr of hrcuch tu Norc�►��•cr. �a1 ull r�nt.rcrrivrJ hy Burra��•rr.hull hc hrld hy kinm�wer u.ti truslcc '
<br /> for t►enelit of LrnJcr only, to br applird a�thc.um. .rrurtJ h� thr ti.runty In.tromcnt; Ihl Lcncler .hall hc entilled tu
<br /> .. collctit�nd rcrcivc,dl uf the rcnts�H'tlx!'mpcny:anJ Irl�:Kh trnunt��f�he 1'ru�xnr ,hall pap all rrnts Jue unJ unpuid Io
<br /> —�--� Lendcr�►r LcnJrr:ugrnt�m Lendcr:writtcn dcmanJ tu Ihr Icnanl.
<br /> : B��rn►wcr hu+ not exccutcd uny prior a�tiignmcn� ut Ihc rrnt� anJ ha� not anJ w•ill not p;rtorm any art that wiwld ,
<br /> � prcvent Lcnder t'rom exeRi.inF it,righ�s under thi�Pur�graph Ib.
<br /> Lcndcr tihal!not tu rcyuired tu cntrr upon, t:dcr cuntrol�:f nr maintain thr !'ru{kn�• tM:trrr ar altrr�;ivi►ig n��tirc rf
<br /> � bn�ach to Borrowcr. How�rvcr. Lendcr�►r a juJiciully ap�xiimrJ rrrcivrr m•ry Ju,�� at am• timc iherr i.a bnurh. An�.
<br /> .. application of rcntti tihull not rurr ur wuive uny Jefautr ur�nv�diJatr any��thrr n�:h�nr RmrJy ut'Lcndcr. 't'hi�:��.ignmen�
<br /> of rents oP the Ruperty.hall tcrminulc whcn thr drM.rrurrJ hy Ihc Scrurit�•Imtrunu m i.paid in ful I.
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