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<br /> - paymenta.which u�e referred to in Paragra 2,or chwnge the�nount of auch paymenta. Any eaccs�proceals over an
<br /> W-- anwunt roquircd to�wy dl auewulln�inde under the Note and thir Securlty laawma►t�IwU bo paid to the e.ntjty -
<br /> ---��-- IeQdly enudod thercta.
<br /> ____� 8. Fees. Lcnder mny collect fees and chaBes eutharfzed by the 3ecrctuy.
<br /> 9. (irouad�for Accekratbn ot Deb�
<br /> _�- - - - (s)Defaal� Lcnder may.except as limit«I by regulationa is�ued by the Secretary in the caoe oP payment dafwlu.
<br /> Rquire immediatep�yment in full of all sums cecw�ed by this Secu�ity insuument iF
<br /> - '—_=-�;=�::.� (!)Harrower defaulta by failing ro pey in full any monlhly payment requirc.d by thi�Security Insdvment Prfor L
<br /> -_ w or on ihe due dete of the noat monthly payment,or
<br /> - -- _- (ii)Botrowcr dcfault�by faiUng,for a periad of thirty days,to perform any o�her obligationa contained in thir
<br /> �� Security Inatrumen�
<br /> �"?� @)Snle Witbout Credit ApprovAl. Lender ahall.if permitted by applicable law and wlth the priar approvol of the
<br /> � '� Sec�tary,�yui�lmmediate payment in full of all the sums secured by th.�s Security lnstrument if:
<br /> - ._.� (i)Ail or part of thc Propeny. or a beneficial Interest in a m�at owning all or pert of the Property.is soW or
<br /> - �•��=� otherwisc tranafen+ed(other Ihan by devise or descent)by the Borrower.and
<br /> - -=--�_y�,J� (ii)The Propeny is not occupied by the purchaser or gn+ntee as his or her principal regidence,or the purcheser
<br /> ar p�rantee daea so accupy the Property but his or her credit hes not been approved in accordu�ce
<br /> with the requirements of the Secrctary.
<br /> � ==:;:a (c)No Waiver. If circumstances occur that would pertnit l.ender to require immediate payment in full.but L.enckr
<br /> �.�;,�. , does nat�+equi�such payments.Lender daes not waive ils r�ghts wilh�+espect to subsequent events.
<br /> - ��-� --� •:..:;� (d)Re�ulwtlons of HUD Secretary. In many circumstances regulations issued by the Secretary will limit Lender's
<br /> -----„.,— rights, in the case of peyment defaults,to re9uire immediate payment in fuU and foreclose if not paid. Thia
<br /> _'�'°�.� S e c u r i ty I n s t r u m e n t does not authorize acceleratwn or fareclo9ure if not permiped by regulationc of the Secretery.
<br /> � �"���'`"'� (e)Mortgt�e Not Insured. Bortower agrees thet should this Security Inatrument and the note secured thereby not -
<br /> ' ' be eli ible for insurance under the NAtional Houaing Act within th from the
<br /> --�_'_��,����c �` date hercof,l.endermay,at icc option and notwilhstAnding anything in P�a�ph�98require immediste payment in
<br /> - --_--= �.T:,�nY#,. •
<br /> � .���., full of ali sums secured by this Security Instrument. A written statement of any sutho�ized agent of the Secretary
<br /> •;�-; �.;�,:;:.�. . dated subsequent to � �pn hs from ihe date hereof,declining to insure this Security
<br /> - ��-';�';v. ,
<br /> .•. .�`,�, . Inapument a�d the note secured ereby,shall be deemed conclusive praof of such inaligibflity. Notwithatanding
<br /> .��r,;���,.--, the foregoing,this option may not be exercised by Lender when the unsvailability of i�surance ia solely due to
<br /> _ _�..� �'` Lender�fAilure to rcmit u mortgage insurance premium to the Secretary.
<br /> �'=�"='• 10. Rein�tatement. Borrower has e dght to be reinstated if Lender has required immediate payment in full becouse
<br /> - "" �'",- of Borrower's failure to pay an amount due under ihe•Note or this Security Instrument. This right applies even after _
<br /> `-'�`�i;;+';,�:�: foreclosure praceedings are ms�ituted. 7b reinstate the Security Instrument, Bonower shall tender in a lump sum all
<br /> - ?��•s?�;i,:__ amounts required to bring Bomnwer's uccount cument including,ro the extent�hey are obligadons of Borrower under this
<br /> _-= y ���� Securiry Inswment,fofeclosure costs and reasonabie and custnmary aiiunicya'fc�b�nd e�penses properly associatcd with
<br /> } �'� the foreclosure procee.�iing. Upon reinWntement by Borrower,this Security Insuument and the obligadons ihat it r.ecures
<br />- =�.�=:�z:-. �r shell remain in effect ns if Lender had notreq uired immediate payment in full. Hawever,Lender is not requined to permit -
<br /> �`� '� reinstatement if: (i)Lender has accepted reinstatement after the commencement of for+eclosur�e praceedinga withm two
<br /> �;,„� �! • years immediately preceding the commencement of u current foreclosure proceeding. (ii) reinstatement will preclude
<br />-�,��.�t �-`����' fom.clasure on different grounds in�he fuwre,or(iiil reinstatement will adversely affect the priority of the licn created by _
<br /> -:;:=?�r�� •�. •. this Security Insuument. -
<br /> -�•����"' i: ..p - 11. Borrower Not Release�l; Forbearance by l.ender Not a Waiver. Extension of thc time of payment or
<br /> �-��;�. ':,p� ;, - ' moditicution of amortizatian of the sums secured by this Securiry Insuument grnnted by Lender to any successor m interest
<br /> -:�.� .��;, , . � of Borrower shull not operate to reknse ihe liability of the original Borrower or Borrower's successor m inter�est. Lender _
<br /> .-:� ,,, ..
<br />--_ ---�-�°°�°- shall not be required to cammence proceedings uguinst any successor in interest or refuse to eatend Ume or payment or _
<br /> �-,.��'1�Fi .
<br /> L p ..�.,,;, otherwise modify umortizatian of�hc sums secured by tNis Sccutity Instrument by reason of any demand made by the
<br /> _;:�___� originel Borrower or Borrower's successors in interest. Any forbenrnnce by Lender in exercising any right or remedy shall
<br /> -.�����t;_����. ` not be a wniver of ar preclude the exercise of any right or remedy. .
<br /> '�`�,�.�-----�, 12. Succeasors and AssiRns Bound;Joint and Several L.iabiUty,Co-Signers. 'fhe covenants und agreements of
<br /> _ °%'`,�,'�'�'�"'" : this Security Instn�ment shall bind and benefit the successorx und uxsigns of Lender xnd BoROwer,4ubject to the provisions
<br /> y •;...>
<br /> ..:;�?tioe�� . .. of f'aragruph 9.b. 8orrower�covenanls �nd ogrcemems shnll Ne joint and several. Any Borrower who co-signs this
<br /> ��..;�� , � ,- Security Instrument but daes not execute the Nae: (a)is co-signing this Securiry Inslrument only to mortgage,grant and
<br /> -- �x°� ` � convey thut Homower's interest in the Piropeny under Ihe terms of this Securily Instniment:(b)is not personally obligaled to -
<br /> .��'n•.� -^°�•• �• ° pay the sums secured by this Securi�y Instrumenr und(c)ugrces[hat Lender und uny other Bortower may agree lo extend, _
<br /> �`�°°' '°� • • modify,forbear or make any accumm.�duiionx wi�h regs�rd to the termx af this Security Inswment or the Note without thut
<br /> ,'�;•`,' '�' ' . Bomower's•consent.
<br /> - ,�;,_•. �- . . 13. Notices. Any ndicc to Bormwer provided for in thi,Security Inxtrument shall be given by delivering it or by
<br /> �°'';. mailing it by fint class muil unless upplic:uble luw reyuires uxe of unother me�hod. The nu�ice +hull be directed ro the
<br />_ � ''��', _., _ . Propeny Address or uny other udJress Borrowcr decignutes by notice to Lender. Any nixirc to Lender xhull be given by
<br />- �,.� . first clnss mail to Lendcr's uddre�s stated herein or any uddre�x Lcnder drsignatcs by notirc to Borniwer. Any notice �
<br /> _._ ,.,_,.
<br /> . : , Provided for in this Security Inxtrument shall t►e dcemcd to havc bcen given tn Horrowcr ur Lcndcr when given as provided
<br /> . �'� m this parugroph.
<br /> 14, (:overning Law;SeverAbility. 'I'lii.Securi�y Instrum�nt xhull Ik govemcd by Frdcrul luw ond the luw of the _
<br /> " � .. jurisdiction in which the Property is IcxateJ. In Ihr event th�l any provitiiun or rluu.c of thi,5ecuriry Ins�niment or the �
<br /> � Note conflicts with applicuble law,wch cunflict shall nol uffect othrr pruvi.iam �+f Ihiti Serurity In,�rument or thc Note
<br /> . which c•rn be given effect withcwt the cantlictinE provi+ion. Ti�thi.end�he pruvi�iem�of�hi,Srcuriry Instrument und the _
<br /> Note are declurcd�o be+evcrable. -
<br /> 1S. Borrower's Cupy. Borc��wrr shull Ix given onc conti�micd r��py��f thi+Srcurity Imtrumcnl. °
<br /> 16. Assignment of Rente. HoR�iwer uncondi�ionally as�ikns:mJ Iramfrn t��l.endrr all Ihr rents nnd rev�nur�uf tlx� -
<br /> � ° Praperly. Borrower awhorite�LcnJer or LenJ�r�ugent,lo cullect the rrms and revrnucti and hercb�•dircrts cuch tenunt of i
<br /> . , thc Piroperty to pay thc n:nls to l.cndcr or Lendcr:agcnt.. Hnwcvcr,priur tu LrnJrr'. nrnice to Born�wrr of Borcuwcrti i
<br /> � • ^ Mreach of uny covenunt ar ugrcemen�in the Security In.trumeni,Burruwrr.hall rollrrl:�nJ rcccivr all rents ond r�venues of
<br /> � . the F'roperty ati tru.tcr t'or Ihe benetit�if Lendrr and N��rrow•rr. Thi�a.tiignmcnl��f renl+constitutcx un abwlutc ax.i�tnmcnt ,
<br /> ' and not un ussignment for uJditional+ecurity unly. �
<br /> �,;;��__ If Lender gives notice uf�hmach to Burrower: lul all rcnt+rrrcivrd hy Nnrro..•cr+hull tx hrld hy Borrower ux truxter �
<br /> ...���_ _.�_., . �
<br /> _-'-_ , for henetit ot Lender i�nly,to nr uppi�ea �o�nr+umc �ecun�d�y �i�c S�cuni� in.i�u����•���. i�,i i.������,��..��.� :��..,�... .;. �
<br /> .. ' cullec:l und receive all of the rent�id'the Pro�xn��: und�r)ecKh trnunt��I th�F'ruperty.hull pay all r�nts due and unpaid tu !
<br /> � � � ° Lender or Lendcr i ugem i�n LrnJer+wriiten drmunJ to tlic trnant. ;
<br /> Borrowcr hus nrn rxccutcd any �ri��r a+,ignmrnt id'�hr rcnl. anJ h+u no�und will nnt �xrlimn any act Ihut wuulJ �
<br /> • prcvent Lender from exenitiing it�righ►+undcr thi�Puru�:raph 16.
<br /> �. Lendcr.hull nul t►c Ryuired lo cntcr u��n.tal.r ronlrul uf ur mainlam thc I'ru�xrt� Ixti�rc ur:U'tcr�iving nii�Kr ul .
<br /> �;e . °'•. ., brcuch tu Borrowrr. Howcvcr.LcnJcr ur a juJiciully uppuinlcd rcccivcr m�v Ju .0:�I any timr d��re i. :1 ItfC�l'Il. AtlV
<br /> , opplicutiun of tLnlx.hull nnl curc or wliivr :my Jcf':�ull ur im�alida�c+m�•uthcr ri�h� ��r rcmrJ�•ut'LrnJrr. '1'hi.a�.i�.mnr�ii
<br /> `�' � ot'renta ot'thc f'�cipcny�hull trrniinwr whcn Ih�dcht,rrumd M�hc tieruril�•In.lrumenl i,pnid in full. •
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