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<br /> `. ._ .:. ` �C�yl.T�����-� ��.�—.�� . _ . __. _._.__
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<br /> I�`�t�'`�� � l93. 1U"I0�5
<br /> p�ymontb which�re ttkrted to in 1'u+grwuh 2,or chuigo iho emoum of cucb paymen�e. Any oxcesa proaeda ovct on
<br /> uiwunt�e9u�red�o p�y di outstondlny Indcbtedness undcr tha Noro and thla Suudty Instmment sha11 be pald ro the enqty
<br /> tegaliy cnti�led�t�er•w, __
<br /> � 8. Feta. LenQet miy collut fae utd chuge�authoda�3 6y�he Secrctery.
<br /> 9, around�forAcctltrHionoflkbt,
<br /> - (c)�!aui6 Lcndar may,cxccpl as Ilmitcd by rcgule�lam issued by ihe Scereta�in tho ce»of paymom defeuite.
<br /> requlrofmmedi�t•paymentinfullatallsumxsccured6y�hlsSuudtytnswmcnt f: _.
<br /> (I)Bortowcr default�6y tailinD�o puy In full eny monthly poymem requlrcA by�hie Secudty fnsuument prior
<br /> ' "'� � "' �n or on�ho dus daie of tha next moNhly p�ymcn6 or �- � �-� � - � -
<br /> . _ _... . .._.
<br />� pq Bortowcr def�ults by t+iling,fa�a pedod of thirty dnye,lo pedomi nny o�hcr obligeNans coufafncd In�his --
<br /> Sccudcy InstNmem. _
<br /> (b)6ale Wllhout CrMit Appror�l. Lender shall,if pcm�l�ted by opplicnblo law nnd with the prlor epproval of�ho
<br /> — 3urelery requirc Immediato payment In NII of nll�ho suma savrcd by this Secud�y Instmmem 6: ___
<br /> -- - p)A�I or pnn of the Proputy.or a beneficial intcrcst in�uus�owninp oll or pan ot�he Propetty,le sold or _
<br /> --- mhcrv:lae�ronafem:d(aher tl�nn by doviae or desccn0 by�Ao Romnwer,and -
<br />----- pq 7iia NvpeBy is not oaupl�xl by U�o purcheur or gmNec us hle or her principal rcsidcnce,or�ho purcheser __ _
<br /> or-granlee does so occupy tho Proper"ry bui hb or Aer credit hns mt been epproved in axordance '�
<br /> with iho rcquiremcnis of�ho Secrciary.
<br />------ (c)No WAlven Itcircumxtnnas accur thnt would pemiit Lender to requirc Immediute pnyment in full,but Lender mea�'
<br /> das not uire suchpaymcmx Lender daes not waivo its dghu wi�h rcs�t ro suhsequent evcnis. ��,_ .
<br /> --- (d)Regul�ons oiHUD Secrctary. In meny circumstances regulations ssued by the Sceretery will limit Lendcrk �-,,,,,,..�.:_
<br /> --- dghte, in tho cau of payment dofeuhs, ro r�utrc immedime payment in PoII und forcelose if no� paid. 'Itds f.-_ -_
<br /> — Suudty Insnumem does not emhodu ecceieret on or foreclosun:if nat p�rmitted by reguintions of the Secrcmry.
<br /> ----s (e)Mortgo6e Nut Insured. Hortower agn:es that should th(s Security Insnumept end thc nme acn�red�hcrcby not �t�:°��`+r ____
<br />�� ' `i:- 6e eligiblo for insurence undu �ho National Housinp Ac��vi�M1in 8 1noEth6 Gom�he .�`u i
<br /> ' - ' :'s, dite hcreof,Lender may,a�its option and notwithei:mding an�thing in Paragmph 9,require immedietc paymcN in ��- .__
<br /> � 1 � 3 ;'• � PoII of elI sums stcured by�his gecumR nst�ument. A wrinm stn�emem of any amhodzed ngene ot�he Secrctary �•� �"`���,�_=-..
<br /> �"�'� 1"�.:,_ dated subsequent to 8 ��L�� from the daw hercof,Aeclining lo insure this Seturity -i.�li r � _
<br /> [nswment end�he nole securcd thereby,shall be dcemed wnclusive proof of such Ineligibility. Notwi�hstending �- w , —.
<br /> -� -���•n3 .,.� . .
<br /> �)' �,-�.. the fomgoing.�his op�lon may not be exerciuA by l.ender when�he unavnilabtlity of insurance is solely duo ro ..r,, � -}._ �
<br /> d � -' -��° LenderS failure to rcmil e motlgage insurance pmmium to�he Secn:tary. >+; -
<br /> - � l0. Retnslotement. Dortowcr has n dgh�to be rcins�ated if L.endcr hac requircd immediaie paymem in full bewuse -� �., i�i?��•..
<br /> o` -�- �?-: - __
<br /> of Uortowerh feilure to pay an nmouni due undcr�he�Note or�hls Securiry Inswmen6 7LIs dgh� opplies even after a. �
<br /> ..,� ,7--5-_il (oreclosurc praceedings ue institu�cd. 1b rcinstam �he Securiry Insuumcnt, OoROwer shall under in a lump sum ull ; , ,`� - �_.-��
<br /> - '`:'' ,<'.-%�-•- emounta rcquired ro brmg Oorrowerk aceount eumm inctuding,�o �he extem they are oblfge�fons ot 6ortower under�his ;��_r.,.:,�;;..,=___
<br /> +� -� t ;;; Security Instntment.ioreclosme wsio nnd�aiuo7aSta�i�:ii3i.^.(ItY`j J:o[1::�Y.°^,•9 9R'J 0%(!9!L'ng prc�r�y y«��n��A wiih __• :. ....
<br /> P °� r r!j �ho Porcetosutt proceeAinS• Upon reinslatement by Dortower,�his Saurity Insirument nnd ihe obligetions thxt it uwres 1 y -_
<br /> i .1, �.
<br /> -n<! shall rcmein in effxi as if Lendcr hadnotrcq uircd immedime paymem in full. Howevcr,Lendcr Is no�rcquimd�opermit Y�' , ^
<br /> �� ' :}ff�(; rcinslatamem iC (b Lender has aacp�ed reinsimemem after ihe commcncemcnt of(omclosum proceedings wi�hin t�vo -� � w � �
<br /> � � - S-p+ years ImmeAie�ely preteding ihe eommencement o(e currem forcclosure proceeding. Oq reinstaiemem wdl pn�clude ��i,' ,1�:;��:---
<br />, , , f- � . foreciosuro on differcnt grounds In�he fuWrc,or(iii)rcfnsimement will adverscly ni(ccl the prioriry of�he licn erented by f7p � - -
<br /> - 1�-= this Secudty Inswment. j`�h, � ����'�'.
<br /> � -��`� 11. Borrower Nat Released; Fbrbearance bY Lender Not a �Selree Ex�cnsion of �he time of payment or � _
<br /> �'•'� �-�'��' modifica�ion of emortizetion uf�he sums securcd by thf.s Security Ins�mmem gmnted by landor ro nny successor in m�ercst .�;'� r,�.T�..:j�i� '_.
<br /> 4 i ''," of Oortower shall not o mle io rcleau the liabfliry of i6o originnl Oonower or 6ortower�succeawr in intercst. Lender .-�S�i t
<br /> �
<br /> --����% Rhnll not be r uired la commence praeedings egninsi nny succeasor in imeresi or rcfuse lo caiend timo for paymem or �� �.� •-_
<br /> - ,�.� oihcnvise mo��fy amottization of�hc sums securcd by�hih Saudty Insuumem by rtason of eny demnnd mnde by thc :.� �
<br /> � ;-�_, odginnl Dovox•er or Borroo•er�sucrosors in imeresL Any fonc�arana hy Lender in exercising nny right or remedy shall 1-�i _ _
<br /> �ei - �' na�bo a waiver of or precludo the exereise of a�iy d6hi or remcAy. ��'iyt f�i.�_
<br /> �+y�`Y�4�fi�js 17, Successon and Asslgns Bound;Jalnt nnd 5evera11.1aDllity:COSI�'lICfS. ThC f0VC0�1115 LII(I 0$0.'CIIICIIIF OI � �?1N�,. '
<br /> , �-p '�j��;;., �his Security Insuumem shall bind nnd banofit the successors nnA ussigiu of Lender nnd DoROwer,subiect io ilm provisions __, �vf n_t_��-
<br /> �y' �, ���. r_- of Paregraph 9.6. 6ortower�covenams and agreemems shull M joim and seveml. Any 13orcon�er ���ho co-signs �his P:; � �t:. �,-� ,
<br /> � / � �4:�r�E Securi�y Insuvmcm but doce na�ctamc�hc No�c: (a)is co-signing�his Sccuri�y Insuumcm only io mortgagt,�rem and t�� t . _� �
<br /> � -f�Lra�;,3' wnvcy lhat UortoncrF imcresl in Ihe Propeny undcr�he Icmu of this Security Inswmenr,(b)is nnt personally ob�gnted lo �),{ { y -_ '
<br /> f� pay�he sums securcd by�his Securiry Inatrumcnr,and(c)agrecs�hat Lcndcr and an�mher Bortowcr imry ngtee w cxlend. - � }- � �-
<br /> ��Fr�- modify.forbear or make any occommoda�ions wi�h ngard�o�he ternu of Ihis Securny Inn�mmeN or�he Note�vithout tha� " < - (:;
<br /> .�°�� {�#F�.•� Bortowerbwnunt. ����
<br /> ° t�f'��-�• 13. Notices. Any no�ice to �ortower provided for in this Securii Insuument shall M iven by ddiverin it or b - `'"-��
<br /> ., . � �s�S3� Y F B Y .��;sy:.� _ .
<br /> a f mailing it by first cla.0 mail unless�p licablc law rcquircs uu of anothcr mcthod. "Ihc no�icc shnli 6c direcmd to �hc - � - ,
<br /> �`j -i �- �{3. Propchy Addrcss or nny other addrcss Borm�eer designa�cs by noticc lo Lender. Any no�ice lo Lendcr sM1nll bc given by �1"}.,"--� ,
<br />-`�• --� +��� first claas mail�o LcndcrS nddncs s�aced hercin or any adArctc Lcndcr drsigna�cs by noiicc tu Dortowcr. Any nolicc
<br /> �' �C�j` rovidcd tor in�his Scwri� Inswmem xhall bc deemad�o havc 6cen givcn ia Uorto�rcror Lender�chen giren as provided . _ .
<br /> �r"-;: ,n this paragmph. Y , -� ..
<br /> �(f-'--; 14. Go��erning Lew;Se�erablll�y. This Securiry• Insuumem sAail bc gmemed bp Federal lam and�he law o(ihe r; _
<br /> •.�•;ty;+, Junsdiction in which the Propeny is laated. In �he<vem�ha�:my provi.ian or claus.of�his Securiry• Insnumem or ihe , i,;�,�
<br /> � ' ..��� Nolc conllic�s�vith ap licabic law,such con0ic� shall nm affcc�mhcr provi�inns of Ihi.Sccurity Insirumcnl or Ihc Nolc :• �
<br /> -S�-;;n i which ren be given e�cl wilhout Ihe con0icting prm�isian. Tn Ihis cnd �he provisinns o(�his S.curi�y Instrumenl and ihe ( � � -:+�;,t
<br /> - w.: No�c ve dcclartd to bc scrcmblc.
<br /> . :� I5. Itorrmser4 Copy. 6orrowrr cha116c Fivcn onc confomicd mpy of�hit Sccuriiy In�vurtxnl. �� ' -
<br /> -?�; 16. Asslgnment of RenR. 6arniwet uncundilionally as.igin anJ Ir:mlfco In Lender all�h.renis:uid mrcnucs of thc
<br /> . ' - ' � Propeny. Iiortaxxr aWhorizes Lenderor Lender i ag.nts w collecl IF.r rcm�anJ rcvenucs and hrreby ditrcls each�enam nf
<br /> � ' thc Propctly lo pay thc renls lo Lcndrr nt Lcndcr i aFenu. Hourvcr,prior to Isndcr�nolim w Dortuuer a(6otro��rr.
<br /> � bmach o(nny rnrenant ur agrccmcnt in ihc Sccurily In*uvmcnl.6ortourr sholl mllccl and rcaivc all nms and tcvcnucwf
<br /> 7, , � Ihe Property as uuslee(or the benefil of Lender and Bortua�er. lhis mtiignmem nf remc cunslilutes an absolute:usigmneN .
<br /> - ' -�-�" ���-`- andno�enazsignmemforaddilionalucuriry�oni)•.
<br /> �_�_��_ ' If Lcndcr givcs nolicc of breach�o Uurto���er. (a)all nnb recci�ad by Qorto�rcr shail A hcld by 6artowcr ati wstce
<br /> � � vn.F� � L��....A...�Fdl M enyrL..l �i_
<br /> - - - -� for�cncfil ot Lcnact oniy,ro uc app:icd iu inc auuv>,c:c�...�-'`'°-'..-.:'� :.-.;:�••�::: : -- -
<br />_ - � collal and rcceive all o(Ihe renis of ihe Property::uid(c)each Icnam of ihe Prupcn)�>hali pay all rem>due and unpaid 10 (� - -
<br /> �=�+�'�� Lcndcr or Lcnders agcnl on LcndcrD��'riiten demand�o dic Icnanl. �
<br />--' Qotro�rcr has no�exccwcd any prior auigmncnl of Ihc nm� :md 6as nnl and x�ill no1 pcdomi any acl that x�ould �
<br /> - prevcnt Lcndcr from excrcisinp i�s righ�s undcr this Puagnph 16. �
<br /> ° ' � Lcndcr shall no�be rcqwrcd�a cmcr upon.�il:e mmml of or main�ain�hc Proprny l+efnm or aRer giving noiire o( 1
<br /> brcach�o Rorto�vcr. Ho�vcver.Lcndcr or a judicially apPoint.d mceivcr�wy do w ai any�imc tlicrc is a brcach. Any f
<br /> applicalion of rcnts shall not curc or wairc any dcfnull or mraliJalc any othcr nghl or rcmcdy of Lcndcr. This assignmcnt -
<br /> -- • - o(reNS of thc Propcny shall tcrtninau whcn Nc deb�sccurcd hy�hc SauNy In+vumcm is paid m(ull. I:
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