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<br /> payment�,which t+re roferned to in Pera�ph 2,or change the amount af such paymente. My cxcesa'rocixda over an
<br /> ---�s'-- wnauntrequired to pay all out�tandine indebtednesr undcr the Note and thi�Securlty Inraument�lull be paid w�he entity
<br /> � k�aUy entided thercto. --
<br /> � & Fea. Lender mey collect feee and char�es authorized by tho Secrouuy.
<br /> _ — 9. (irou�sda�or AccekrAtion of Deb�
<br /> �: (�1 Dehul� l.ender may,except As f imited by r�egulations is�ued by tha Secrctary In tha c�e of pRymant defauits.
<br /> ,r��?Y'� require immediate payment io fell of all suma secw�ed by this Securlty ins�rument if:
<br /> --= (i)Borrower defaults by failing to pay in full any monthly paymont requir+ed by�his Saurity Instrument pdor
<br /> ---- to or on the due date af the next monthly paymen�,or
<br /> -----�--�--�-�= (Ii)Borrowcr defaulta hy failing,for a periad of thirty days,to perform any other obligolions contained in thi� „
<br /> Security lnsaument.
<br /> �;,� (b)Sale Without Credit Approval. Lender sball,if permitted by applicable Iaw and wi�h�he prior approv�l of Ihe
<br /> � ;� SecRtary.require immediate payment in full of all the sums securcd by this Secudly InRtrument if:
<br /> -� (i)All or pert of the PropeRy,or a beneFcial interest in a t�ust owning all or part of the Property.ia sold or
<br /> otherwice tranafemed(other than by devise or descenq by the Borrower.and
<br /> �-.��„� (ii)The Propeny is Rot occupied by the purchaser or grantee as hie or her princlpal residence,ur the purchaser
<br /> ___ _______�_.y� or grantee daes so occupy the Property but his or her crcdit hae nnt Ixen approved in accordance _
<br /> with the requirements of�he Secretery.
<br /> -�Qi,�.�;; - (c)No WAiver. If cf�umstancea occur that would permit Lender to requir+e immediate payment in full,but L.ender
<br /> _ �_=���:�.� `� docs not require such payments.Lender does not waive its dghta wlth respect to subsequent even�s.
<br /> -��__"'�• (d)Re�uls�Hotw of N U D Secretary. In many circumstances regulatians iesued by the Secretary will limit Lender�s
<br /> ��•��— rights, tn the case of payment defaults. to require {mmediete payment in full end foreclose if nat paid. This
<br /> —.- g Security Instrument dces not authodze acceleration or foreclosure if na permitted by regulatlons of the Secretery.
<br /> W- :�.. .
<br /> (e)Mortgsige Not lasured. Borrower agmes that should this Security InstnrmeM and the note sccu�ed there y not _
<br /> - -° =="'`��� be eligible for insurance under the Nation�l Hausing Act within from the _
<br /> �l F�s�'��'�.`� date hereof,Lender may,at it�option and notwlthstanding anything in Paragraph 9,require immediate payment in �__
<br /> - - == _ full of all sumx secured by this Securiry Mstrument. A wrinen statement of any Aulhorized agent of the Secretery
<br /> "' � � dated subsequent to from the date hereof,declining to inaure this Security =._
<br /> m� ,�; ..a:ya,.. �-.
<br /> Instrument und the nate secured thareby,ahall be deemed conclusive proof of xuch ineli�ibility. Notwithstnnding
<br /> �;;�'''� � � Ihe foregoing,this option may not be exercised by Lender when the unavailability af insurance ia Rolely due to �;
<br />`- ` Pf'�'�'�� l.ender's failure ta remit u mon a e inaurance remium to Ihe Secretary.
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<br /> •.� r•_'�`. . 10. Reinstntemen� Borrower hag a right to be reinstated if Lender has requircd immediate payment in full 6ecuuse �,.�
<br /> - , �� _ e of Borrowerk failurc tn pay un amount due under the•Notc or Ihis Securiry Instrument. This nght �pplies even after � _
<br /> ?�-��j�� :`-�� foreclosure proceedings tue instituted. 'Ib reinstate the Security lnstroment, Borrower ahall tender in a lump sum all
<br /> :����N�...;� .
<br /> .;,�,.... amounts required to bnng Borrower's account current including,to the extent they are obligations af Borrower under s
<br /> :•�:��':;_W Secur�t [nswmen�,foreclosure costs and reasonnble and customary uttomeys'fees and expensesproperly associated with
<br />- -_ —4 `"``��``_-� tl�e for closurt procetdia . Upon reinRintement by Borrower, this Securitv Instrument a�d the obligations that it secures
<br />:���.�:�' � shall remein in effect ax i�Lender had not reyuired immcdiute payment in foll. However, Lender is not required to permit �
<br />'���'��� reinstatement if: (i) Lender has accepted remstatemcnt after the commcncement of foreclosure proceedings withm two E,:._
<br /> �.r.'.��....,
<br /> '_� years immediately preceding the cammencement of u currcnt foreclosure praceeding. (ii) rein�utement wlll preclude
<br />;-A;� '�y�'�����'�° � foreclosure on differ+ent grounds in the fuwre,or(iii)rcinstalement witl adversely affect the prfority of the lien crcated by _
<br /> "' � x this Security Instrument.
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<br /> __. �g..,.�,�-'�? 11. Borrower Not Releascd; �orbearonce by Lender Not a Waiver. �xtension of the time of payment or _
<br /> �'�r �"�`" modification of amortizution of the sum�secured by this Securiry Instrument granted by Lender to any successor in m�erest =-
<br /> .�'''�«��`-��� r•� of Bormwer shall not o rate to release the liability of the originnl Borrower or Borcower's successor in intercgt. Lender _
<br />- =�-"�'�� " ''����• shall not be required t commrnce pra:cedings agninst any succcssor in interest or refuse to extend time for pnyment or
<br /> N�_,°� � °' ,�. •. otherwise modify umonizution of the sums secured by thiti Securiry Instrument by reuxon of uny demand made by the r
<br /> ,_;'�"�'� ' original Borrower or Borrower's succextiorx in interest. Any forbeurance by Lender in exercising any right or rcmedy QhuU �*�
<br /> s'`'��` not be a waiver of or preclude the exercise of any right ur remedy.
<br />_�;�` '��`Y'^' 12. Successors and As.glgns Bound;Joint and Several l.fability;Ca-Signers. The covenants und ugreements of �.
<br /> �,.��� this Security Instrument shnll bind and bene��the successors anJ ussign�of Lender und Borrower,subject to the provisions `._,_
<br />-�'��� ����° ... of Paragraph 9.b. BoROwera covennnts und ugreements ,hull be joint and severul. Any Borrower wtio co-signs lhis
<br /> � Securfty Instrument but daes not execute the Nute: (u)is co-signing this Security In�trument only to mortgage,grent und �.`�
<br /> ,�,;i'�,_a��_ ; • convey that Borrowcr.s interest in the Property under the lerms of thi,Security Inxtrumem;(b)is not personnlly oblignted to
<br /> ,:��+�,r��-
<br /> W,�,���r'�`�;. � . °��� puy the sums secured by this Security In.r•trument;and(cl agrees that Lender and any other Bnrrower m:+y ugr+ee�o extend,
<br />- •� v �.:�f•� modify,forbenr ur make uny accommodations with rcgurd to the lerms of thi.Security Inxtrument or the Note withaut Ihu� �,�",
<br />`Y�"'-`•''• ` � 4 " Borrower's conccnt, �
<br /> +.-.�'.- ♦�A�_�.,� ' � _.
<br /> _ ,�.�: . • � � l3. Notices. Any notice to Borcower provi�d for in this Security Instrument xhall be given by delivering it or by
<br /> ..:�._�,�.�?��?��_-�-�, mailing it by ti�t cluss mail unlcss upplicuble luw reyuires usc of un��thcr methcxi. The notice shall be Jirected to the �`
<br />-•���! � • • Propeny Address or uny othcr uddrex. BoROwcr detiiFnute,by noticc to l.cndcr. Any notice to Lender shall be given by __
<br />�:'�.;_, M ,� first class muil to Lenderi addretis stuted heRin ar vny uddre.x l.rnder Jesignules by notice to Burrower. Any nolice �`-�
<br />'"•-�:�+° provided for in�his Security Instrument sholl hc dcemcd Io huvc heen given to l3orrawer or l.ender when given a.e proviJcd �v
<br /> � • in Ihis paragruph. ��'
<br />" � 14. Governing Law;Severabilltv Thi+ Securily In+trumc:it ,hull lx�av�:med hy Frdcrul luw unJ thc luw of the _
<br /> ° �,.. jurisdiction in which the Pmperty iti Icxutcd. In thc rvent thu�nny pr�wision ��r cluu,c of'�his Securiry Instrument or the
<br /> • � Note conflicis with upplicuble law,such ci�nllict tihaU no1 at'fect��ther pruvisian�uF thi. Serurity Ins�rument or the Note �
<br /> � • which cnn be given effect wi�lwut thc cantlic�in�;pruvitiion. 'li�ihi.end Ihe provi,innti ni'this Security Instrument und the
<br /> � • Note ure declured to bc+cvcrahlc. �'
<br /> . ' I5. Burrower's Cop�. Borcuwcr�hall tx�iven unr rnnti,rnud capy of thi+Securiry In+rruinent. ;
<br /> • • 1 6. A c c i�n m e n f o f R e n t s. [i o r r o w c r u i x o n d n i u n a l l y a ti ti i g n+a n d tran.tcr,to LrnJer all thc rent.�nd revrnucs uf thc
<br /> Prapeny. Bortower authurirr�l.en�kr or Lrndrr ti apcnl,ia c��Uccl Ihc rem,and revenue�und hercby dirccb c�ch ten:mt ui'
<br /> Ihe Property to puy thc rentx to LcnJcr ur Lendcr',:i�!entti. I1����•evrr.priur ta l.rndrr�nrnice to Borniwcr uf Bcxrower:
<br /> " � breach of any covrnunt ar u�rccnuni in thc Srcurit}In.trumrnt,R�►rro���rr.hall r��llcrt and reccivr all rrnt�and rcvenucti ul'
<br /> the PmpeMy us tru,tee 1'or Ihe txnetit uf l.rnd�r unJ Born�wcr. This us,i�nnunt�►f rcnt.ron,�itutc.un uBs�ilutc assignmrnt
<br /> ' a,,•�. und na un ussignmcnt for udditionul.crurity anly. '
<br /> If LcnJ�r give�noticc of bmuch���Hi►rn��vrr. �a1 ull rcnt.rcrrivrd hy N�xra�vcr+hull tk helJ hy Dorrowrr a�1►v�tce
<br /> ' for benefit of Lcnder unly.���br applird tu Ihr �mn..rcured hy �hr tirrurily In,�nimcnt:1b►LenJrr,h:dl Ix cntitlrJ l�� �
<br /> - •ti.. rnll..��nnd mr�•ivr nll nf t{w•rrnt��if Ihe I�nmrnv:und Ir1 carh tenant ul Ih�Pru�rrlv tihull pay ull rcnts duc and unpaiJ tu �
<br /> -_ Lcndcr or I.cnder;uEent on Lcndrr±writicn�dcniunJ�u�hr lrnaml. � : .
<br /> - ' ' Bormwrr hati nnt exe�uteJ i�ny prior a.�i�:nmrnt aF Ihr rcnt. :md hati ni,� anJ will nat �k rtiirni ain•act that wuulJ
<br /> . • , prevcnt Lrndcr from cxcrri,ing il+right,undrr Ihi,I'+ira�raph Ih. �
<br /> .� l.ender�hull not t+� nyuircJ li,rntcr u�m. tal�r runaul uf or nx�intain the Pru�xny Ixli�rr ur al'�rr�;iving nutirr ol' �
<br /> • brcach io Borcowcr. Huwcvcr. LrnJcr ur u judiciall� ;ippoinlyd rrcrivcr nwr du.0 :u :�ny limc Ihrrr i�a hrcuch. Any
<br /> ' , applic�tion ol'n nts�hull nol curc ur wuive uny Jrl'uult ur im ulida�r am �dhrr righl ur rcmcd��uf I.cndrr. fhi�a.,iEnmrnt
<br /> , • . of rentz of Ihc R'aperty+hall Icrniin�nr wlxn Ihc�lch1 urur�J hy�thc ticcurih•h�.�rumcm i.paid in lull. �
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