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<br /> -� � ptymanp, which iu+e rofened to in Pua��p1 2,or chanQe the anwunt of ouch payment�. My excea�proceede uver on
<br /> �croq uired to p�y dl outatandin�indebtodneu under ihe Note otd thb 9ecurity lnrwmcM stWl be paW a the aaity
<br /> yentjtled Uie�eto.
<br />--- - .+ 8. Fea. Lender mwy wllect fccc�d c{wrQea a�ul�uA by thc 3ccrceny. �
<br /> -- 9. (ie+nands tor Acala�atiao of Debt.
<br /> (�)Dehulb Lendcr m�y.excapt�c Umited by rcgul�dons iasued by the Secnetary in�he care of p�yment defaulu,
<br /> - rcqulro immcdiatepayment in full of all aums acurcd by thig Serudty Inxpumen�if: -_
<br /> (i)Bormwer deFaulu by fAilinQ to pay in full eny monthly pAyment roqulred by thia Socurity Irwtiument pdor
<br /> �_�_--__- --=� w or on the dMO date of tho neat monthlY paYment,or !T_
<br /> - (ii)Bormwer dofauits by failin�.for�periad of th�rty dxys,to perform any other obtiaatians contalned In thie
<br /> Security Guwment.
<br /> (b)Sale VY(t6out Credit Approvd. Lender shall.if permitted by applkuble Inw and with the priw opproval oi tha
<br /> Secretary,roquira immedieto payment in full of all thc sums securcd by this Securiry lnstrument if:
<br /> (i)All or pAtt of the i'ropertyr,or a beneflciel inteteat in a uust ownin�all or p�ut of�he Property,is sold or
<br /> -� othenvise dansferrcd(other than by devise or desceny by the Borrower,and
<br /> (ii)Thc Property is not occupied by the purehoser ar grantee as his or her principal residence,or the purchaser
<br /> - ar grantee daea so occupy the Property but his or her credlt has not been approved in accordnnce
<br /> _- wlth�he requirements of the Se.cretary.
<br /> -- (e)No Waiver. if cincumstances accur that would petmit Lender to require immediate payment in full.but Lender
<br /> -�� doea not require suchpaymente.Lcnder doea not walvc its righta with respect w subsequent events.
<br /> "� (d)Re�uulation�of HUD Secretary. In meny circumstances regulations issued by the Secretary will limit Lender's
<br /> - - rights. in the case of payment defaults. torequire immediate payment in full and fom.close if not paid. This
<br /> = Securlty Instrument daes not authodu acceleration or foreclosure if not permitted by regulationo of the Secrietary.
<br /> __ __ _._� (e)Mort�a�e Not Insured. Bortower egrees that should�hia Securiry Inslrument and tho note cecur�ed thereby not c
<br /> �_ �..�� be eligible for insumnce under the Nationei Housing Act within 8 mont hs from the _
<br /> - datc hereof.Lender may.at its aptian and notwlthstanding anything in Paragraph 9.require Irnmediatc payment in
<br /> -�'""`===�',h.� full of all sums secured by this Securiry Instrument. A written statement of any au[horized agent of the Secnetery
<br /> ,.�;,�n,+v� dated subsequent to 8 months from the date hereof,declining to inqure this Security �
<br /> ,U-�:�""�� Instrument and the note secured�hereby.shall be deemed conclusive proof of such ineligibiliry. Notwithatanding �
<br /> -`�^ _,i.,'� the foregoing,this opuon may not be ex�rcised by Lender when die unavailability of inaurance is solely due ro
<br /> ���� Lender's failure to�mit a moRgage Insurance premium to the Secretary.
<br /> . ����Y� ...� 10. ltein�fatemen� Borrower has a�ight to ba r�einstated if l.ender hes required immediatc paymeot in full because _
<br /> --- of Bomower§ failun to pay an amaunt due under the•Note ar this Security Inslrument. 7'his right appliea even afur
<br /> --°::r���s. .� foreclos�ue proccedings are instituted. Tb ainstate the Security Instrument, Borrower shall tznder in a lump sum all
<br /> ����e_n� emounts rcquired to brfng Borrowerk account currcnt including.to the extent they w+e obligutbna ot'Porawer under thia
<br /> �•_.;._ Sccudry Insirument.foreclorure costs and reaROnable und customary attomeyx'fees and expenseaproperly nxsaciQted wflh
<br /> - --�:�;s��';�.� tho forcclosur+e proceeding. Upon reinstatemen�8y Bum,wcr,thir�Secur{i y• 1n�irutncat aru3 ihc obllgatiaax ihst it sec:stti..w
<br /> - - shall rcmain in eifect av if Lender hnd na required immediatc payment in full. Howevcr,Lender is nd rcquired�opermit
<br /> `°"�.^����• reinstatement if: (i) Lender has nccepted reinxtutement nfter�he commencement uf forcclosure praceedinQa with i n two --_
<br /> ���°�;';;�4 � years immediately preceding the commencement of o current foreclo�ure proceeding, (fi) reinxwtement wfll preclude
<br /> - -��_��^'��-s foreclosure on differcnt�rounds in the futurc,or(iii)reinKw�ement will udverxely ofieei the pdorfty of the lien created by
<br /> "� this Security Insuument.
<br /> _=�'��=��L"-� 11. Borrowe� Not Releasedt ForbeArunce by Lender Not o Wplver. Extenxion of the time of payment or _
<br /> -1_;�:��� '� modificotion of amortizntion uf the sums secured by thi.w Secu�ity Instrument grnnted by L.ender to any successor in intenest
<br /> ��y: ,:,� of Borrower Rhc�ll not opernte to relea.tie the liubility af the ariginal Borrower or Borrower'a successor in interest. Lender --
<br /> �:�r�ti :__:;� _ shall not be required to commence proccedings aguinst uny+ucce4sor in interest or refuxe to extend time for payment or
<br /> ---�-�,��--r=�" otherwise modify amortiza�ion of the sums secured by this Security lnstrument by renson of uny demand made by the
<br /> `�.`•.;,�;�;. odginal Borrower or Borrower:s successors in interest. Any forbearance by Lender in exercisfng any right or remedy shwll _
<br /> �= not be a waiver of or preclude the exercise of nny rigbt ar remedy.
<br /> ���'.� 1�. 3uccesgors nnd Assiqne Bound;Joint And Sever�l Liability;Co•Signers. The covenunts and ugreements of -
<br /> �r�:•:•.,-•:
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<br />-- �:,,,�., this Securiry Inswment shall bind and benefit the successors and assi�ns of Lender and Borrower,subject to the provis ons �
<br /> �s{;�•��'* of Paragreph 9.b. Borrowerc covenants And ugreement4 shall be joint und sever+il. Any Borcower who co-signs this __
<br /> —,:,�"' Securlty Inswment but dces not execute Ihe Note: (a)is co-signing this Security Inxwment only to mortgage,grant and —
<br /> ;,=�,-,:-�;;`° " convey thet BoROwers interest in the Pmperty under the terms of thir Security In�trumem;(b)is nut personally obligated to -
<br /> -...���3� pay the sums secured by this Security Instrumenr and(c)aFrecz thut Lender und an�other Borrower muy agree to extend,
<br /> --�,<`;,:-�;:;;;;"- modify,forbeur or make cu�y accommodutions with regurd ro the terms of this Secunty Instrument or the Note without thot _
<br /> -=;�l�;�` Borrower's wnsent.
<br /> �� '' •'•-. 13. Notices. Any nWice to Borrower pmvided for in Ihis Securiry Instrument shnll be given by delivering it or by
<br /> --'�f��+�, :,.:.
<br />-- �r �_ _�• mailing it by �rst class mnil unlexs applicablc law reyuires usc of smother methad. The ndice shsill be directed to the
<br /> _� �r' ' •":` Roperty Address or any ather uddress Borrower de�ignutex by notice to Lcndcr. Any notice to Lender shall be given by
<br /> �;��.;�;� �..y first class meil to Lender's nddress xtu�ed herein ar uny uddress I.ender designuteti by notice to BoROwer. Any notice ____
<br /> - - �' a•; provided far in t his Security Inswment ti ha l l b e d e eme d to huvc l�en gi v e n t o B o r m w e r o r L e n d e r w h e n g i v e n u s p ro v i d e d
<br /> ' �'" . :. •` ' � in this para�rnph. -
<br /> ��5� `� 14. Governing Lsw;SeveraWlity. This Securiry Inxtrumcnl .hull Ix guvcmcJ My Federal luw and the luw of the
<br /> „ � jurisdiction in which the Pmperty is kicuted. M thc event thut imy provision or rluu.c uY this Sccuriry Instrument or the
<br /> , Note conflicts with upplicnble luw,aunc�ontlict.hull not uffert othcr provitiionti af thi.5ecurity Insirument or the Note �_
<br />:�� •� which cnn be given effect without the contlicting pmvi.ion. Ti�thix end the provi�inm of this Serurity Inslrument und the _
<br /> � Note ure declnred to be scveruble. --
<br />- � „ I5. Horrower's Copy. Burtower shall Ix�ivcn i�nc runfonnrd rupy�it'this Sc�urity Instniment. �:
<br /> 1 ° , 16. Ansignment of RenGr. Burcc►wer unronJi�iunally as�igm unJ tr�n.fcn tu Lcndcr all ihe rrnts unJ rcvenues of the
<br />- ° {►roperty. Borrower uuthoriicx Lendcr or LcnJcr+:�µrnt.to collrrl�hr rent.unJ rcvrnues und herrPy Jircclx cxh tenunt of �
<br /> � ,:a ' thc Propeny to puy Ihe rcntx to LrnJer ar Lrndrr;agcnt�. Huwcvrr.priur tu l.enclrr'+noti�e to Bi�rrower of Burrower+ �'`
<br /> brench of uny wvenant��r agrcrment in�he Scruriry In�trumrni.Ni�rrowrr.huU rollcrt unJ reccivc•rll rcm.und rcvrnurs ot'
<br /> � «��f . the Property us trustec fiir thc Ixncfil ut'l.endcr anJ 8um�wrr. Thi�:is,iEnmcnt��I'rcntx rony�itutcs un abcalutc us.ignmenl
<br /> ,�� o' und na un u.YSignment for udditi�mul�rcuriry unh•. �
<br />, If Lendcr gives notice c►t'breuch to Bnrn�wcr: �a�ull rrnh rrrri�•rd by Hnrruwcr,hall tx held hy B�,rmv►•er a.misice
<br /> " for benetit of Lender only,to Ix upplicJ to�hr wm..crurcJ hy thr ticcurity Instrumrnt: Ih) Lcixl�r tihall he entided to E�•
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<br /> _*:; . • coiiect nnd receive uii oi me renes oi cne rro�ny:.�IIU lcl Cuu�icui�ui��i iuc�iirFRiiy ��w�� ��aj .iu���u,uu�ui�u a.�p�...�.. �
<br /> �', „�,,_:,.,;.,,4 Lender�r Lender:ugent on LenJer:wriurn Jcmund tu thc tcnunt.
<br /> :y�•-••• Borrower hati not exccuted any prior a+.i�nmcnt ot'�hc rcm� :+nd ha� not and will no1�x:rtiimi any uct �hut wuuld
<br /> prevent Lender from cxc�tisin�it�right.undcr Ihi.Parugruph 16. �
<br /> , ° Lender shull not be n:yuircd 10 crncr u�m,takc con�ml uf��r muintuin ihr Roprny hcforc or :dter Eiving nutirr uf
<br /> � breach to 8orrower. Howcvcr, Lcndcr ur u judiciaUy appc►inted reccivcr muy Ju w al any limc�hcrc is a hrcach. Any ��
<br /> ' applicution of rents shull not cure or wuive any default ur invuliJute uny ulher righl ur remedy of Lcnder. �I'his a+signm�nt �
<br /> of rents of the Property xhall terminute when Ihe debl sccurcJ by thr S�rurily In�trument i�puid in(ull.
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