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<br /> .��;e�-- o:�� 91` 1 ���.3� _
<br /> ��'." payments,which are rofcrred to in Parag 2,or chnngc tho amaunt of Ruch peymentR. Any oxceas pracads ovcr on
<br /> °���1�
<br /> amountt�quir+ed to pay�II outrtandin�inde ss under the Note and thi�Security Inswment uhell be paid to�he entiry
<br /> �'° legally enllUed lhercto. �——
<br /> .�ti►---- -- 8. Fees. I.ender may collect fces and chorges authoriud by�he Secretary. c
<br /> ffx�� : - 9. 4rounds Por AccelemHon of Ikbw
<br /> �.,�'� . :.��.�. (A1 Defiul� Lender mey,except as limiled by regulatians isaued by tho Secretary in the ceKe of payment defaull�.
<br /> . „ *� require immediale payment in full of all sums secured by this Srr,e:urity Instrum�nt if:
<br /> .;M;..� �� (i)Borrower defaults by failtng to p�in full any monthly payment requircd by 1hiK Sec:urity lostrumcnt prior
<br /> " to a on the due date of the next mo ly payment,or �'
<br /> ' °'t., °, (ii)Borrower defaults by failing,for a pedod of thiny days,to perform any other obligAtions containcd in thic
<br /> ' �:-�•,,t�. .,.;. . Security Instrument.
<br /> ��;,;s~;,� << (b1 Sale Without Credit Approval. Lendar shall,if pertnitted by applicnbla law and wilh thc priar approvs�l of the __
<br /> ��� "` Secretery.require immediate payment in full of all the gums secured by�his Security Instrument lf:
<br /> ��.;T!�"`z.
<br /> (i)All or part of the PropeKy.or a beneficial interest in a trust owning all or part of the Properly,is sold or
<br /> °-- ;��� �� othenvise dansfemed(aher ihan by devisc or descent)by the Borrower,and —
<br /> --_' -- _....;�; (ii)The Property is not occupied by the purchascr or grnntee as his or her principal residence,or the purchascr ,e,,,,_
<br /> ------=�::� .�:- " or grantee daes so occupy the Properry but his or her credit hes not heen approved in accordance �
<br /> — � �'� wi�h the requinementa of the Secretary.
<br /> �—--�,-�.�:';��'"' ` (c)No Walver. If circumstances occur that would permit Lender to require immediate puyment in full,but Lender
<br /> -�;,�h,!�- �� � daes not require such payments,l.ender does not waive its rights with respect to subsequent events. _
<br /> ' � (d)Re�ulwtione of HUD Secretary. [n many circumstances regulutions�ssued by the Secretary will limit Lender's �_
<br /> .-_�'; �..-
<br /> - �" ' - rights.In the case of payment defaults, to require immediate payment in full and foreclose if not paid. This —
<br />,� ��o.....
<br /> -��,��'"' � Security Instrument dces not authorize accelera t ion or forecbsure i f not permine d by regu lat ians o f t he Secre t a ry. --
<br /> - " (e)Mortgnge Not Insured. Borcawer agrees that should this Security Inatrument and the notc secured thereby not �"'�``
<br /> ;� �.�
<br /> -��x�F . �� be eligible for inaurance under the Nutional Housing Act within fram the �y_
<br /> ' n date hereof,Lender may,at its option and notwithstanding anything in Paragraph 9,reyuire immediate payment in =,—
<br /> "�� '' full of all sums secured by this Securiry Instrument. A writt�n stntement of uny nutharized agent of the Secretary �=y
<br /> - � '�' � dated subsequent to from tha dute hereof,declining to ioiure Ihis Security
<br /> ,,,.
<br /> °•.r . ; Instrument and the note secured thereby,shall be dcemed conclusivc proof of such incligibiliry. Notwiths�anding
<br /> • the forcgoing, this option may not be exercised by l.ender when the uns�vailubility of insurance is solely due to __._
<br /> " �� l.enderk failure ro remit n mortgage insurnnce premium to the Secrelary.
<br /> 10. Reinotntement. Borrower hns a risht to be reinslated if Lender hati reyuir�d immediute puyment in full becuuse __ -
<br /> � of Borcower's fsilure to pay an nmount due undcr the•Note or this Security Instrument. This right applies even uftcr �,—
<br /> ' •.��3 � foreclogure praceedings are institwed. 7b reinstate the Security Instrumem, Borrower shnll lender in a lump sum all ---
<br /> •� � '`��: amounts required to bring Borrower s account current including,to the extent�hey nre obligAtions oi Borrower under this i'°'
<br /> ,._ ... .�--•
<br /> , _.. — - --.,
<br /> ~ Seeudty Instrument,foreelosure cost4 und rcosonabie und cusiamary uuomcy�'{�CC1 i111lJ L'J1�'ii.k.'S�TO}SCfIy�7.SfiOCIAt w•it �
<br /> �� . �he foreclosure proceeding. Upon reinswtement by Borrower,this Security Ins�rument+�nd the obligatians thut it �ecures �
<br /> �' �� . shall remain in effect us if I.endcr had not rcc�uired�mmediute payment in full. How�ver,l.ender is not required to Permit =_
<br /> reinstatement if: (i) Lender hati uccepted remslatement after the commencement ot'foreclosure proceedings withm two _
<br /> years immediutely preceding the commencement of u current foreclosure proceeding. (iil reinstutement w�ll pmclude
<br /> � . foreclosure on diffcrent grounds in the future,ar(iiil rcins�utement will adveru:ly affect the priority of the lien created by
<br /> � ` ,, this Securiry Instrument. —
<br /> _ �t _.;;� 11. Borrower Not Released; Forbearance bv I.ender Not a Walver. Extension of' the time of puyment or
<br /> f `� ' . �. modification of amortixution of the tiumx xccurcd by thiti Security Instr�ment grunled by Lender to uny succextior in interest �_
<br /> 6 of Borrower shull not opernte to rcicusc the liubility af the originul Borc�iwer or Borrowers sucrestior �n interest. Lender �,
<br /> r ��x � ..
<br /> � shall not be required to commence praceedingg ugumst uny xuccessor in imercxt nr nfuxe to exlend lime for puyment ar __
<br /> � �• •. otherwise madify nmortizatian of the+umti secured hy Ihis Securiry Instrument by rcu,on of uny demand made by the _
<br /> . original Borrower or Bonower ti wccessors in in�ercst. Any ForMearanee by Lender in exercisinE uny right or remedy shull
<br /> . " not be u waiver of or preclude the excrcise uf uny ri�!ht��r remedy.
<br /> ' 12. Successors nnd A�.�I�n�Bound;Jofnt and Several l.iabi8ty: Co•tii�ners. The covenunlx und�grecrnents of �.
<br /> ' this Security Instrument shull bind und Ixnefit�he succesti�in und as,igm of Lender and BoROwer,subject to the provixionx �,
<br /> '�` " of Pnnigmph 9.b. Borrower'x covcnants und ugrcemems shull he joint und,rverul. Any Bcxrower wh�� co-s�gns this �
<br /> _ - Security Instrument but does no�execute Ihe Nnte: (al is ro-xigning thiti Security In.trument unly w mortguge,grant und ,�,
<br /> , o • � comey thet Borcower i intere+t in�h�Property under�hc tern�s ot'thi+Securiry Instrumenr.(b1 is not personully obliguted to �
<br /> � puy Ihe sums secured by�his Security Inxlrument;und Ir)agrces Ihut LrnJrr and any olher Bonower may ugree tn extend.
<br /> , • modify,forbeur or make any accommnJutionz with rc�turJ to ihe Icmi.of thiti Security Instrument�tt the Nnte without thut —
<br /> r Borrowcr's con+ent. -.....
<br /> , � ., „ . 13. Notkes. Any naticc to Bom�wcr providcJ ti►r in thi�Srcurity In.trurncnt xhall lk given by dclivering it or by s.,.
<br /> • muiling it by firse clasti muil unle�+ applic•rbie luw rcyuircs use ol'amnhrr nuthal. The notice �hull be directed to the ��
<br /> .. Property Addresz or uny��ther addresx gorruwer Jrsignute.hy nolirc li� LrnJer. Any noticr to Lrncicr xhull be�iven hy
<br /> fint class muil ro Lcnder's uddre�� ti�ated hcrein ur uny adJresti LrnJrr drxiEnair. by noticr tu Hurrow�r. Any notice �
<br /> Qrovided for in thix Sewrily Instrumcnt�hull Ix dcemcd Io huvc F+ccn Eivrn tu Borrowcr ur I.cndcr when givrn u�providcd
<br /> m this pamgraph.
<br /> -- — 14. GuverninR l.aw; Severability. Thi+Srcuri�y h►strumcnt �hall Ix guvcmrJ h��Frdcral law anJ the la�v i�f thc
<br /> � jumdic�ion in which thc Pro{x�ny i. kk:ucd. In �hr rvrm �h:il:►n� provi.iun ur rlawr��f thix Sccurity In.trumcni��r thc n.
<br /> No�e ronlliru wiUi•rpplicablc law. wch runtlict ,h�iU nut afl'crl otlirr�,ruvitiion+uf ihi.tirrurily Imtrumrm��r thr Notr
<br /> , which cun tx.givrn cffcct wi�huw Ihc runtlictinE pruvi,iun. li�thi+cnd thr pruvi,ion�nf thi�tirruriry Imtrument unJ thc `.
<br /> " Note urc dcclarcd to{x.cvrruhlr. �
<br /> � 15. Borrnwer's('opy. liurcowcr,hall hc�!ivrn une runli�nurd rupy �d ihi.Sccunty In.trumcnl. �
<br /> 16. Atisl�nment uf Rentz. N�,rtow•�•r unrondi�ionatl�•:��,iEn.:uiJ irun,tcr� tu LenJrr:dl thc rrm,.mJ rrvrm�rx uf thr
<br /> Property. Bortow�r uuthoriir.LrnJrr ur Lrnder'�:igrnl,Iu rullcrl Ihr rrnt,:wJ r.�•rnur.:mJ hrirh��liirrt.rarh t�n:utt af :
<br /> thc Propcny ta puy thc rrnt�to Lcndrr ur I.�nJcr',a�:rnt.. Hu��rvrr.pri��r a� Lrnder'� nuurr tu liurruwcr ul Burcowrr:
<br /> broach of uny cuvrnunt or agrcrmrnl in thr tirruriry In�tnimenl.Rurr����rr.hall r��llrr�and nrri�r idl rrnlr and revcnucti��t
<br />_ Ihc Property as Iruxlcc ti,r�hc IxnMit ul Lrudcr anJ Bnrrn��rc 'I'hi+;i.,iLnnum��(rrm.r�m,litulr�an ahculutr a.�ignmcnt
<br /> und not an uti�i�nment for.�dJitiun�d ,crw iry�,nh•.
<br /> ' If L�nder givc�natir�i�f hrt;irh lu Ruir���scr: 1:�1:dl rrnh r.rr��ed h� Hurruarr,haU hn c�ld hy Nnrrin�•er u,lru�lcc .
<br /> .�� � .:.�.., .
<br /> ---�- �UI'Ix`nC(i� u(LrnJcr only. tu hr;���i��a ��, tltC �ultt� �CCUrt•ii n�• iix�ccurnc ia,iiwncui. iiri i.c�iuci •iiw� �ti.:�����..� �::
<br /> ,. ruUcct und reccivc all uf 1hr r�nh of thr I'm�um�: and ir►rarh�cnant�d �hc I'nqxrt� ,hall p:n�all rcnt�dur ;uid unpuid tu
<br /> l.cnder or Lemlcr',a�.cnt un I.rnder'���riuen dcnu�nJ tu�he�rnant.
<br /> ' Bom�wcr hu`nat rxccu�cd an�• prior u..i�nmrnt ul'thr rcm� :md h;i.nnt :md ��ill n��t �xH��m� :my u�l Iha! ���ould
<br /> � ' prevcnt LcnJcr fn�m rxcrci�inE it,n�ln�undrr ihi.I*,tragraph Ih.
<br /> Lcndcr+hall not fx rcyuired���rmrr upun. t:�Ar runlrul ul ur maintam ih�• I'ruprr�y Ikti�rr ur al'tcr y;i�•ing ir�ticr„1
<br /> brcuch u�Borrowcc Howcvrr. Lcnd�r ur a juJicialh• ap��intrd rccri�•rr niay �lu,u;i1 ;my limr ihcre i. a hrcach. :�m
<br /> . upplicatiun of n�nt��hull nci�rurr or ��ai��r any drt:uill��r imali�l:Ur.�m ��th.•r iigln ur irnud� ��1 L��n�lrr. I'hi�a�,i�nmriil
<br /> , �N'nntti of thc 1'm�xrty shull Icnninatr��hcn�hr drhl�rrurcd hy thr ticruri�y In��rumrm i.p:uJ in lull.
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