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<br /> p�ym(nu.whlrh?u0 nkrrod to in Puwt,r�ph��Of ChMjO OIO OIIIW�t OP,63Ch P�ytIkM7.�Aily exe6M�ptaeedu m'a r�
<br /> �npuM tbAUtmd{9 Q�Y�1 atNwlin!IndeMedne�s Under tId Nda�n3 d�lf Stturity Inurumrnt�U 6e pdd q dp aMlty ,�, .
<br /> . N�dlvaxidea�Parao. ,� ., : -
<br /> 1� !'eeu l.cndprrtuy co1 t(a�indchu�e�imfialudMjthebctrctuy.
<br /> !. Cirw�MprAc�teler�aia0pebf:' • , -,.
<br /> (�)Dehrk. I.rndrr m�y;'exceq u itmltcd by ttdul�Ynne Issued by�he Secrclu�In the cua of qyment 6efwlu.
<br /> = t�yufi0�(iuudutapayrtxntlnfullotilatam�e-x�rAbytht�SecurHyLiswmsnt f:
<br /> , p)Bamwer defwlu by f�lling b�Y In N1.�ny monthly piymenc requireQ by Q�I�Secwity In�t prW�
<br /> __. _=,�� �oaonihoduede�eotiMnextmamhlyp�yment a _ _ _
<br /> , Qp 8ortowtt de(�41N by fdllnt�fa R{K�od ot�Irty dtiye.lo perform any othtt ablig��oa9 conulned in thta , --------
<br /> — SCCU—r1yt lntltumea6 -
<br /> (�)6akWllfpWCredlfAppror�. Lendersh�il.iiprnniucJbY4yppcetlalawurdwi�btM1zprlcra�rOV�fofUa
<br /> Sarc1uy ttqulroimmediueqymentlnfuUof�IttasumsucurtdbyW�Secudtylnswmentlfc
<br /> (i)A�I a qn of thn Propeny.or.n benefidal intercst in a wst owning�11 or p+it of Ihe Propeny.le sotd or
<br /> - aherwtsouwtemd(ahcr�hmbydevlsoordesttnqbytheBortuwer,end
<br /> - (II)'i1M PtJ�CI�y 19 nd otc!��1 hy�M f,urchaset a eranSte as hle or her p�incip3l ttslde�kC.M lh0 pYtChittt , ----- - - -.
<br /> or gwncee doe� so occdpy i1K Property Iwt hi� or Ixr cmdit has na bten aypr�veA in eccordanco -
<br /> wt�h tM rcyuirementv of the Secrowy.
<br /> (c)No\YAeer. tf eireumsunces occut tlut x•ould ptmut Lertdec tp teqniro immedlate paymem In PoII,but t.ender
<br /> does no1requUe suchp�ymen�,Ltndef dacs na w9rc h�dghq wtth rospect to substyucnt even[e.
<br /> (d)Re�latkav of HUD$tcreluy. In many clrcumsw�ccs rcgulalomluued�y the Secretary wAI Iimit Lender6
<br /> rlghu, Gi Ne caso of payment defeults,�orcq uire immediate papment In full ond toreciose if notpaId. 7Ti� �
<br /> Securiry InstrumcM does rat uuUarim acaleration or foreciosuro If na pttmined by rcgutatlons of tM Secrctary.
<br /> -----� (e)MtYt�ge Nd Insured. Bortower egrces that shaild�his Sccuriry Inswment and�he nota securcA�henby not _
<br /> bo eliglDlo tor Insurance under tAe Natlonai Housing AG within B I�OpEhD fr0°!��
<br /> date hereof,Lender may,at ita oqlon ard nawiths�anding enytRtng in Paragraph 9,requiro imnxdiafo payment lo
<br /> -- full of all snms secural by thla Sxurity Insuumenl. A written statement of nny eWhodzed egcm of the Secrctary
<br /> _— dated subsequenuo 8 �pnthn kom�he datc hcrcof,dcclining w insuro thle Saud�y
<br /> � Ins�mment and the�rote saurcA�hercby,shall bo dccmcd wnclusivc proof of mch ineligfbility. Notwithstanding
<br /> tlx torcgoing,�his option may not bo c:ercised by Lendcr when ehe unavallabllity of insurance is aoiely duo to
<br /> Lenderk tailuro ro remi�o mongagc inFUrance�rcmium a thc SecrMary.
<br /> I0. Relntintement. Bonowcr has a righi�o bo rcinstatcd if Lender has rcqutrcd immWiate paymrr�t In NII becavae
<br /> of Bortowuk fdlare ro pay an emount due �mder tho�Nae or this Sceudty Insnumcnt. 'fh(s dgnt epplies evcn effcr
<br /> -- Porecbsuro proceedings ere Instituted. 1b rcinstnte �he Sceurity Instmment, Dortower shall tendcr in n lump sum ell
<br /> - amoums rcquircd to�dng Bortower!aceount cumnt Inctuding,to�he extent they nrc obliga�lon+of Dortower undu ttvs
<br /> ._. , . — $rr�Jity tPc�nmgnt fn�nclncum enctx nnd macnnaAie nnd cuslonurv nllomeve'fers nnd expenSCt propCdY�3�Claied�v1ih _ _ _ _ _ _
<br /> ,,� IAo torcclosuro procceding. Upon relns�a�ement by[iortower,tMs Sceurity Instmment and�he obligadons�hat(t secures
<br /> _= shall rcmatn in eTfcc�u If I.ender had no�rcc�uircd Immediate paymem in full. However,Lender is not rcquircd ropemilt
<br />-,;.miJ%','� relnsla�ement IF. p)Lender haz eccepted rcinsiarement aRer�he commer.cement of teroelosure proceedinge wilhln pvo _--_. _
<br /> � ., yean immedia�dy preccding the convnencemem of e currcm foreclosurc procecding, (ii) rcinsta�ement wtll pralude `•-a
<br /> � k' forcebsurc on difkmnt grounds in�ha Pomrc,or(iiq reins�atemmt�vill edversoly nffect�ht priodty of�he lien created by ,�
<br /> a�,,L��•/:�y� thls Saurlry Instn�mcnt. - � t_?,,,�?tt; �--
<br /> -=r•�iic'r 11. QorroA•er Not Reieaud; Forbeamnce b Lender Not a �Vntver. Qxunsion ot thc timc of payment or .� �t:g4�.,-,---_-
<br /> ':^'y �-, modifiemion of amonizetion of the sume secured by�h�SecuritY Inswmem gramed by Lender w any suacssor in interesl �';�''-�;;�;:`�-a--
<br /> ,r[ �
<br /> - �,,;, of Dorrowcr shall noi operete ro releasc�he Ifability of�he origmal Borto�ver or portowerS successor m INCrut. Lendcr - '�., �_
<br /> �-;>� shall not be rc4uired to commence roceedings egalnst eny sucee.wr in intercst ory rcfuse w ez[end�fma for paymeni or r.F<<_�}` _ f��---
<br />.°'�:-!>�"'.� odginalSDorcowei or Oo'rrowerS uc�cesson In n�erc bYAny forbea nce by Lenderin e ercisi g nnyrightnor rtmedy shall ?"i�'�`�."�i;�ri,,��
<br /> y -: not ba e walvcr oi or prccludc thc excrcim of any right or rcmcdp. �?'� � ++ '
<br /> - r�= I2. Suceeasme end Assigm 6ound;,iofnt ond Several I.labllltyi CaSlgnera. Thc covenants nnd ngmemeNS of :�%f.+ _.
<br /> ? -!�<: this Sceuriry Instmnxnt shall bind nnd benefit�he successors nnd assigns of Lender and 6ortower,subjecl ro the provislons S,{,��,c�,',�+ � `,_:
<br /> �tj�� �` of Paregmph 9.6, IIortowenc�orenanfs end agreemr.ms shall be joinl end severnl. Any Dovo�rer �vho co•sigm this '��"(�F�Z�t.. �
<br />•.,�=L_�{yr',r.' Securi�y]ranument bul does nm execule the Nole: (u)Is co-signing�hfs Securi�y Instnmwnt only to mongage,grent and ,;(�f�r`f�`,�rt",,'�.
<br /> ,. _.?3t convey Ihn�Qarrowcrk finerai in�he Pro{uny undcr�hc�emis of�hfs Stturity Insuument;(b)is not personaliy obligated to ,�r`�_�1`� > 1-�,_
<br /> -� -.:, pay ihe snms sewrzd by�his Securi�y Insuument:and(c)ngrces ihat Lender and any o�her 6onower may ngrce to extend, u� _,�L� � z •
<br /> J �i_�' moddy,forb:ar or make any uccommodaiions aith rcgard m�hc icmu nt this Sewnty Insuument or the Notc wi�hout�hat ,� �
<br /> Rorro+vcr�consent. '-i� .
<br />�-_;ki,j�,C` IJ. Notlns. Any notice to Dorto�ver provided for in�his Security lnsuumem shall be given by delivering i�or by ,,��,�._��� }�,:--�
<br /> r -- mailing i� by tirs�class mail unless applicable la�v requircs use of another me�hod. 'Ihe naiice shall be dirccted to the - � �`�'
<br /> ,•-i' Mopeny Address or any o�her addrcss 6ortower designales by noticC lo Lcndcr. Any noticc to Lender sliall bc gtven by � ���, '��,�r;..
<br />�'�"�:-� �' first clau mail m Lendert eddrcss sta�ed hecein m any addrcxs Lender designa�ex by noiice �0 6ortowee Any notice -
<br /> _ �: :�r� Provided for in Ihis Securily InsVUmeN shall 6e decmed lo have bern gi��en lo Oovo�rer or Lender when given as provided -.�a . �
<br /> a�. m Ihis pazagrapM1. � � �
<br /> �i,�F�-.' 14. Corerning Lnw:Seretnbllity. This Securi�y Imwmcro sh�ll t+c gm�emed b)� �cderal law and the lai�of Ihe -
<br />.;";:,c4"-,' tunsdiction in which ihe Property is la+led. In Ihe evenl Ih,I any pmvixion or claiuc nf this Sewri�y ins�mment or�he .��:1���. �. �-
<br /> Noee mnflicls wilh applicable law,such con0ia shall nol af(erl olher provisionc of Ihis Stturil ImWmenl or Ihe Nole �`°S.r,�. �
<br /> �.?j:; �vhich ean be given e(fecl without the con0icling prorision. To Ihis end the prorisionc of Ihis Securily Instrument and�he �� �'�'•-��''
<br /> � Note nrc declarrd ta be sevemble. - .
<br /> - IS. Dorrower's Copp [iurro�ver shall be giren one confumicd copy of�hia Securiry Imwmcm. �
<br /> _i�� 16. Assignmenl of Renls. 6otro��cr uncondi�ionally a�ign.:u�d�ram(ers�o Lcndcr all�hc rems and rerenues of�he - - -
<br />.. ':F�{:'-. Property. L'orto�rer aulhorites Lendcr ur Lender i agems lo coliccnhe mms and rennucs xnd hereby dirccls each Ienmt o( , ,
<br /> - :.`i -.� Ihc Propeny lo pay lhe rcntt m Lendcr or Lcndcrt aRcnis No�ccver,prior Io Lcndcr's notirc lo[iovo��rr o(6arron'er's . . �
<br /> breNrh of any coverunt or ngrSment in the Security In.lrumem,6orto��cr shall collcct:md rccei��c all rems and rcvenues of �
<br />-._ `,�;' - the Ropeny u Iruxtce for�he benefit o(l.ender and Uortu�rer. Thi+auignment of remc conviimes an abaolule icsignmenl f -
<br />. __ _- and nol en assignmcN for addilional sccuriry only.
<br /> ` ^ I(Lenda gives notice of brcach m Oorto�cer. (aI all r.nls mceired by I3orrow�er ehall M held by Oonoxer a�wslee �J—�
<br />"?'`�'� fnr Mmfit nf I u�der mlv.1n M annlied m the mmc arcnmA hr�hr Srmrirv IncvummL Ihl 1<nder chall he CnGllCd lo ��
<br /> .>_ ""_J.`. _" '_ __ _ ' __ __. '"_'_ ' . .
<br /> _�; rnlittl ond receive all of ihe rems of the Propeny:and(c)each Icnam of the Roperty shall pay all rcNS due and unpaid lo -
<br /> -�; Lcndcr or LcnderS agem on Lender�wriucn dcmand ro thc tcnam. � �
<br /> !�� Oorto�rcr h.is not cxccutcd any prior assignmcnl o(lhc rc�ns and h�s nol and �rill no�perfortn any ac�that x�ould - .. .
<br /> '- prcrem Lcnder fmm excrcisin�i�s riglus under this Paragraph 16. �
<br /> _ :,�.,,_� Lender shall not be reqmrcd ro emer upon,mke control o(or maimain�he Prupeny before or aRer giving no�ice of , -
<br />- bmach to 6ortowcr. Hox�cvcr.Lcndcr or o judicially appoimcd«ccircr may do sa a�mry�ime�hcrc is a brcach. Any
<br /> •� �;-y applicntion of rcNS shall not cure or wai��e any default or mrelidam any o�her righ�or rcmedY of Lendee This assignment .
<br /> -.���- oi ren�s of Ihe Propetty shall te�minate x�hen Ihe debl secured by the Security Inurumem i.pa�d in full. �
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