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<br /> __= payment�,which�e referral to in Paragraph ?,ar ch�nge the amount of euch payments. My e proceads over�n
<br /> .rtwune requirod a pay dl ou►atandin�indebtednas9 under the Note rnd thi�3ecurily Latrument�Iwl1 ba peld to the endty
<br /> a - le�aliy enatie�[hereto.
<br /> _ 8. �Ca. Lender mny collect feea end charges au�horiud hy the SecteuwY.
<br /> _;�� � 9. Grouads tor AocekrnHon ot Ikbf.
<br /> (a)D�taal� Lrnder may,eacept as limi�al hy reguleciona i�ued by the Secret�y in the cace oP payment defsulta.
<br /> roquiro immediatap�yment in full of all sums secural by ihis Securiry Inequment if:
<br /> - �=-----==-_-"� (i)Bormwer defaults by failing to poy in full eny monUdy payment required by thic Security Inspument pdor
<br />- w or on tho duc date of the next monthly payment.or �
<br /> = — (ii)Harrower defaulp by f�iling,for a perfod of thirty days,to perform any other obligations oontoined in�his
<br /> �:�'� Security Inatrumcnt.
<br /> _ __.� (b)Sole WiWout Credit ApprovAl. Lcnder shall,if petmitted by applic�ble!aw end with the prfor approval of�he
<br /> ;,,,� Siecret�y,require jmmediote peyment in full of a.11 the aums sacurcd by this aecurity Instrumen[if:
<br /> _____ (i)All or psut of the Property,or a beneficlal interest in u trust owning all or parl of the PropeAy, ia sold or
<br /> _..__._ _ _____ .;== + otherwise transferned(other lhan by devise or descent)by the Borrower,and
<br /> -_•;�?� (ii)The Properiy is not oacupied b,y the purchnsec or grantee as hia or her principal reaidence,or Ihe purchaser --
<br /> ,�- -_==�:}� or grantee das so accupy �he Piroperly but his nr her credit hac not been upproved in accardance
<br /> , with the requimments af the Secretary.
<br /> - ,, (e)No Walver. If circumstances occur that would permit L.ender to requir�irnmediate payment in full,but Lender
<br /> �?=� doea not require such payments,Lender dces not wa�ve its rights with respect to subsequent events.
<br /> - `� �" (d)Re�ulnttoas otBUD Secretary. !n many circumstances regulstions issued by the Secretary will limit Lender's
<br /> --:•�.�.;.,;, rights, in the case of payment defaults, to requiro immediate payment in full and forcclose if not paid. 'It�s _
<br /> _--. , _ ._�_��... Securlty Insuument does not authodze acceleration or foreclosur+e if not pertnitted by regulationa of the Secretary.
<br /> =�±�_:`'• (e)Mortgage Not Insured. Borrower agrees that should this Security Insdvment end the note secured thereby not
<br /> `�f y y-_i=� be eligible for insurance under the National Housing Act within 8 mont hs from the _
<br /> �,��. �.
<br /> ������a' � date hereof,Lender may,at its option sind notwithstunding anything in Paragraph 9,require immediate payment in -
<br /> • ' -� full of all sums secured by this Secur[ty Ir�adument. A w�itten statement of any authorized agen4 of the Secr+etary
<br /> '" ."��` �" �� from the datc hereof,dedining to insure this Security
<br /> �~ �;:# � dated subsequent to 8 months _
<br /> "�`�'�"""` Instrument and the note secured thereby,shell bc deemed conclusive proof of such ineligibility. Natwithstanding --
<br /> -- ,....n�..;--•
<br /> ' --�"' ' °' the foregoing, this option may not be exercised by Lender when the unevailebility of insurance is solely due to
<br /> — -=-.L:-=-= � ' Lender's failure to remit a mortguge insurance premium to the Secretary.
<br /> � ,�.�'ri!-� - 10. Relnstntement. Borr�wer hes a right to be reinstated it'l.ender has required immediate payment in fu116ecause
<br /> �s�'��'+:°�" of Barrower's failure to pey an amount due under the•Note or this Security Instrurnent. This right applies even eiter -
<br /> �'•`'���' �'os'` `' ' foreclosure praceedings are insti�u[ed. 'Ib reinstate the Secudty Instrument, Borrower sball tender in a lump sum all
<br /> _ 'm`�,;�---�-,'�`-''•'= amounss required to brtng 9nrrower's n!��M�nt current including,to the extent they are obligations of Borrawer under this
<br /> `'��� Securiry lneuument,foteclosure costs and rea.gonable and customary attomeys'fees and expenses properly associated with
<br /> .-`�"��":��iex:� the foreclosure proceeding. Upon reinstatement by Borrower,ihis Securit Instrument and the obligatians thnt it secures
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<br />_• shall remain in effect us if Lender had not rec�uired immediatc payment in ull. Hawever.L,ender is not required topertnit
<br /> `�� •, �A reinstatement if: (i) [.ender has accepted re�nstatement after the commencemetN of foreclosure proceedings wi�hin two
<br /> -"-��"�.���.'�" years immedistely preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude
<br />-_:*�°�"�' � � • � foreclosure on different graunds in the future, or(iii)reinsta�ement will adversely affect the priority of the ifen created by =
<br />-�,��:�'� :r`.�"°"� this Security Inshument.
<br /> �n '�t�� . •:• 11. Borrower Not Iteleased: Forbearance bY I.ender Not a Wafver. Extcnsion of the time of payment or
<br /> $� : _ • modification of amortizution of the sums secured by Ihis Securit�Instrument gmnted by Lender to suiy successor in interest -
<br /> ['. ��x-+=��+� of Borrower shull not operate to release the liability of the origmnl Borrower or Borrower's xuccessor m interect. Lender
<br /> s� �.�,�.�-� _
<br />=�s�: `� � shall not be nequired to commence praceedings ugurost anX auccewsur in interext or refuse to eztend time or puyment or
<br /> _:�,�, ,� otherwise modify amortizntion of the sums secured by th�� Security Instrument by re�.con of any demund mude by the
<br /> -��� `tY odgina!Bormwer or Borrower s successors in interest. Any Porbeurunce by Lender�n exercising any right or remedy shall
<br />":","Y� =�:n t . •� not be a waiver of or preclude the exercise of uny right or remedy.
<br /> , � 12. Successors and Asslgns Bound;Joint and Several l.iabilily:Co•Signers. The covenunts and ugreements of _
<br /> �''� �' J° •--: this Security Instrument shall bind su�d benefit the successon urnl u.tisigns of Lender und Borrower,subject to the provisions -
<br />--`-��i�-',;""''�"�' ° of Paragmph 9.b. Barrowerti covenents and ugreements shull be joint und severnl. Any Bortower who co-s�gns this _
<br /> - Secudty Instrument but dces not execute the Note: (a) is co-signing this Security Instrument only to mortgoge.grant and
<br /> -�`�•����•- convey that Barrower's incerest in the Propeny under the terms of thf,Security Instrumenk(b)i9 not personally obligntad to
<br />_��-��w' ' '� pay the sums secured by this Security Instrument;und(c)agrees thut LenJer und uny ather Borrower may agree to extend,
<br /> �'-;�� "� ° modify,forbear or make nny accommodations with rcga�J w�he trrms of this Security lnstrument or the Note without thut -
<br /> .��; ' , Borrower's consent.
<br /> =i�•"_''L���- 13. Notices. Any notice 10 Borrower provided for in thix Security Instrument shnll be given by delivering it ar by
<br />" ..scv.�a� :�ur.,�........ :... .
<br /> •�s � mailing it by first class muil unless upplicuble law mquires uxe of unother methoJ. The notice shull be directed to the
<br />-::'� "'- ' • , Property Address or uny olher address Bartower dcsiFnatrs by noticc to Lender. Any notice to Lender shnll be given by _
<br />-w�;' " •- first class muil to Lender's address stnted herein or any address l.ender detiignutes by notice to Borrower. Any notice
<br /> ' ' � provided for in this Securiry Insvument shull he deemed�o huve Meen given to Borrowcr or Lender when Fiven us provided -
<br /> �._.�.
<br /> : , a. . in this parogmph.
<br /> � 14. GoverninR Law;Severability. This Securiry Inxtrumcm tihall Ix g��vcmrJ by Federol luw und Ihc luw of the
<br /> ' � urisdiction in which the 1'ropeny is Icxnted. In Ihe event thut uny provisiun or rl;w+c ot'thi. Securiry Instrument or the
<br /> �ote conflicts with applicuble luw, such cuntlirt shull not affect rnlxr provi.iun�uf Ihis 5ecuriry Instrument or Ihe Note
<br /> .. � , � which cun be given ef'fect with�iw the contlicting pruvision. To this rnd thr provixiom uf thi.Sccurity Instrument und the
<br /> Note ure declared ti►be scveruhle. -
<br /> ' ' ' l5. Borrower's Copp. Borrowcr shull tx g�vcn onr conti�micJ ri�py of thiti 3e�urity Insttumcnt. _
<br /> • • 16. AssiRnment of RentR. Rorrowrr uncnnditiunally;i��igm:md trunxtcrn to Lrndcr ull the rrnts und revenue+oi'the
<br /> ' Property. Borraw^•��uth�irircti L�nd�r��r Lcnder;ugrnt�to r��Ucrt thr rrn�ti•rnd rtvrnucs unJ hrrcby dimrts cach tenunt of
<br /> �he Propeny�o pap �.he renls to Lrndcr or L�nJcr's agcnt+, Hu�vcvcr, prior�u l.cndcr'+n�Hicc tu Burniwcr ot'Burrower'+
<br /> brcuch of uny coven�nt ur aErecmcnt in the Sccurity In+trumrnt.Rorru�ver.hall rollrrt und rccrivr all nntti unJ revenue.of
<br /> , •• thc Property ax truxtce for thc Ixnc�til of Lendrr anJ Borrowcr. Thi.a..ignmcnt ut renls con+�itwr�an ubsnlwc atixignmcnt
<br /> and not un axsignment for additionul�ccuriry anly.
<br /> � - - -- =- �c�o.,,�....,�.,..,nnti.w��I'hn•���•h In Hnrr.iwrr: lal all rcmx rcccivcd bv Borruwcr+hall Ix held by Burruwrr u�tru+tcc
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<br /> '�.. for henefit of Lendrr unly.ti� Ix applicJ iu thr �um+ �ccureJ hy thr Srrurity In+trumrnr.lb) I.cndrr.hall hc rntiUcd to
<br /> � collect und rcceive ull of thc rentti uf�hr I'roFxnv:und �c�curh trncmt ut Ihr Pro�xrl�•�hall puy :dl rcnt.duc and unpaiJ ta
<br /> � Lender or Lcndcr's ugcnt�M LenJrr ti writtcn dcnumd ia�hr lrnant.
<br /> .. . � 4 Bortowcr hati not exccutcd uny priur u�+iEnmcnl uf thr rcnt+und ha+no� uncl will not prrl'um��uiy art th.il woulJ
<br /> - prevent Lcndcr from cxcrcixing it�ri�ht.undcr�hi.P.vaEruph Ih.
<br /> . Lender shull not tx: nyuircd tn entrr u�x�n, lakc cuntrul uf ur maintain thr I'ra�xrty hctim ur •rftrr gi�•in�: natice uf
<br /> ' bn�uch to Bom�w•ec Hawevcr.Lcnder or a ,juJirially up�x�inted receiver may Ju tiu.►t an�• time thcrc iti a hrcuch. Any
<br /> �� • upplicution of rents sh�ll not curc or wiiivc uny dcl'ault ur invuliJatr:my u�hcr right ur rcmedy uf Lcn�kr. Thi�u�+i�!nmrnl
<br /> ° " of rentx of thc Property�hull tcrmina�c�vhen thc debt,ccurrJ hy thc Srruriry In.lrumrnt i.paiJ in 1'ull.
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