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<br /> ' payrnenu,wAlch cro rcfertcd to in P�nsnch 4�pr ch�n;e�!w�nwunt of such p�ymeme. Aoy exces�procecJi ovet rn �
<br /> . , - uRWnt YIRd IO(lfy�II WtltY1d10g ItldGbtd11Ef9 YtIdC!�iW NO[0 fulA 11117 SCCYf1ly In5t1UnleGl 611811 bo�tilld t0�110 CNIly: .
<br /> Ieg�ItYmt dedlAercto._
<br /> �- 6. Fea. l.ender rtuy collat fae at4d Ch�rgw eu�hor[zcd 6y iAe&crc�ary.
<br /> 9. Groun�l�forAocekralloeofDebt•
<br /> (�)Dtfauk. [.ender may,exttpt en Iimiled Ey regutaqona Issued by�ht 3ecremry in Ne wu of paymrnl def�ulte,
<br /> requlrc immadi�te ment In full of�I eums ucurcd by th(a Security In�wment If:
<br /> (p Baroxer fwlw by fallidg to pay In PoII xny mon�hly payment rcquircd by�his Sccudty Instrument prlor
<br /> . ro or on�he due d�la of the next momhlY WYmen� or .">_°' -
<br /> (if)Barowtt deGultn by fdling,fa�pedad of�Iny days,w pedorm�ny aher obllgatlona conulnM In thi�
<br /> sau�d��ty Inslrvmenl.
<br /> (�)B�k Wlliroui Credll Appror�l. Lender eh+ll,I►permitted by�ppilcoble luw�nd wi�h tla prio�approvd o�iM
<br /> SarctuY rcqulro Immldlne paynxm In NII of ail lhe eums�ecurcd Oy�hl�Sesurity Inswnxm If,
<br /> (i)A�I or put oP tha Propeny,or a benoficid Imercst In a trusl ownlnq UI or p�n of tiw 1'ropehy�1�soid or �
<br /> ahnwlso irwnskmd(aher�h�n by devlee ordescenq by tha darower,u�d
<br /> — (Ip 7ta Prvpeny la na accupied by�he purch�scr w Qramco ae hle on c�r pAncip�l rcsldence,or�he purchescr --
<br /> o� gruueo doc� eo occupy �ho PropenY Mn hb a hcr ercdU ha� no� heen epproved In �ccordnnce
<br /> whA tho rcquircnxme nhiw&crc�ery.
<br /> (c)No 1Wlrer. If elrcumsltt�x�acur thal wouid pemiit l.cndcr to rcquiro immWia�e payimm In futl.Dut Ltnder
<br /> doee not uiro wch peynKnta,l.enderdae no�w�ivo Ita dgh�a wiib rcap�et�o subscqucntevcnte.
<br /> (d)Re�ul���of HUU Becrehry. In many circumsmnaa rcguloilona Ixsued by the Secretary will 16nit I.end:rb
<br /> righu� Ih�hc cose of paymeno def�ulte, ro rcquirc Immedinto pny�ncot In full und forcclosc If nolpx Id. Thie
<br /> Becunty Insuument da�not uuthorlu eccelerailon or toRCtosurc If not pemiltted by rcgulatione of the SuM1IPI)'�
<br /> - � (t)Mort6qe Nat Insured. FSortowcr agrae thai should thie Secudiy Inswment and�ho notc acurcd�hcre5y not -� ---���
<br /> be eligiblo(w Insur+nceunder �heNo�lonal HousingActwi�hfn B �ontha fromttw
<br /> datc hcrco6 Lender mny.at hs option end notwiths�anding anything in Paragmph 9,n�quirc Immediaio paymcm In _
<br /> full of ull eums secured by�hia Secudty fnsnument. A written statemem of eny authodu4 egen�of�he Sarctery
<br /> — daud subuquem to 8 �noniha from the datc hercof,declining to Insuro thie Saudry
<br /> Tnsuument end�he noto secureA�hercby,shall bo deemed conclusive proof of such Incligiblll�y. NotwiiAst�nding
<br /> �ha foragoing,this option may not bo cxerciscd by Lendcr whcn tho unavailability of insurance Is soicly duo to
<br /> _ l.ender6 feilure�o remit e mongage insuranee prcmium ro tho Secretary.
<br /> --� I0. Relnst�lemca6 Bortower hae e dght to bo rcinstatcd if Lendcr hm requirc4 Immedia�o paymcnt In PoII bewusa
<br /> ;�;z� of Borrower§failure to pay an emount duo under�he�Notc or�his Secudty tnsuumcnt. 'Ihie dgh�epplles cven aRer --
<br />�:_:_:;� forcelosuro proceedings ere Instituted. 'lb rcinstaio tho Saudty Insuumcnt, Bortower shall tcnder In e lump sum ell
<br /> --- emow�s rcquircd tabnn8 Bortowerh eecount curtcm inciuding,ro tho extent they are obliga�iom of Dortowcr under�hts ��?
<br /> � Secudty InsuumenL foreelosure cosis end reasoneDlo xnd cus�omary attomcys'icce end expcnua Pn�ptrly u�.,wiated with -- -�
<br /> :� tho forcclasuro proceeding. Upon reinsietcment by Bortower,tAfs Secudty Instmment und�ho obII88II0119 IAAI II SCCUft9
<br /> shall remain In e(fu�es if Lender hxd not rcquircd immediate payment In full. However,Lender i�nm rcquirtE topertnl� —
<br /> �'?`� reins�atement if: (p Lender has eccepted relns�alement ef�cr the commencemenl o(forubsure pracedings within te�o �_ _
<br />,-:� yeers Immedietcly prcceAing �ho commencemem of n cumnt foreclosurc proceeding, pi) mins�aiement will preelude =-- __
<br /> _.._� foreclosurc on differcnt grounds h�thc fmurc,or(iip mins�acemem w(II edvcrsety a(fat the priority of�he flen crrated by - ___ --
<br /> �._� �hfa Sccurily Inswment. —
<br /> v� Il, Borrower Nol Released; Forbenranee by Lender Nat n 1Polvee Extension ot�he timc of paym cm or F�= __;,,,,,�
<br /> modification of emonizeiion of�he suma saurcd by this SecuritX Instrument graNCd by Leudrr to any successor In in[eres� }T+�. - .
<br /> of Uortox�er shnll not operete lo relcnse�he Ilabflit of�he ori mal Uortower or 6ortower's successor in inlercst. Lender ��?•°-�±:.;:��
<br /> Y F �s �t -:
<br /> - �a shall not bo rcquircd to commence pracedinge ngainst my auccessor in intereat or rcfuse to extend tlme for payment or tr+ryi7fq,�j}3�-
<br /> otherwise modify amonize�lon of ihe sums securcA by ih�s Security InstNmem by reuson of eny demand made by the �� � y � .-
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<br /> � odginal Rortower or Bortowert snccessors In Interes�. Any forLeerance 6y Lender in exercising eny righ�or rcmedy sliall /�P[PIf --
<br /> ` not bo a woive�of or preclude�hc exercisc of any dght or remedy. { .��}�i��t
<br /> �,-,�;y 12. Succeasars und Assigns 6ound;Jolnt end Scveml Llablilfy;Co•Signero. 7Te covenants nnd egrcemcnts of � t f!� �,.� s„�.
<br /> ;i� this Secudly Inswment shall bind und benefi��he successorx nnA assigne of Lendcr und Bortooxr,subjat w�he provlsions ��a��� ,r vht['_�_
<br /> �-° Security Luh nunt bu dacs not cxccmc thc Note�(a}Is co-signing�his Sccunty Inswm ni only to nmrtgage,sgi�rant nn�d �s�t ��,�`i?ii'^ -+.�-=:
<br /> '--� convey that�ortowerk Intercst in�he Propeny under the iem�s of ihie Securiiy Insuumcnt:N)te not personnlly obligated�o Fzi ��� r%� � Y�'�-�
<br /> pay the xums aeturcd by�hls Security InswmenC nnd(c)ogrces�ha�Lender nnd any aher Oorrower may ngn�e to extend, F` ����� �
<br /> modify,forbear or make any nccommodation.+�viih rcgard io the�emis of ihis Secumy Instrument or the Note widiout�ha� t` �i� �� k x� ::
<br /> 4 "� Uortowcnc�on:ent.
<br /> � 13. Noticea. Any no�icc lo Hortowcr provided for in�his Sauriry Insuumem shnil 6e&iven b�dclivcring it or by � � 4�)'�'��,� ? -
<br /> j` j. mn l ling It by f int c lus mn f l un less npp lica b l e l a w rc q u i re s n s e o f w i o i h e r m e i h o d. T h e n o u c e s h a 1 be d i re c�e d w t h e � �� i�'�j r� � ..
<br />-,..�;: � Propeny Addrcss or unp other nddrcss 6onower designa�es by no�ice to Lender. Any no�ice to Lender shall be given by fy�•�7 _
<br /> { .__ �rst cisu muil m Lendert aAdress s�a�ed hercin or any addrcss Lender designmes by nrnice �o �ovower. Any no�ice r 1�..��iy "
<br /> rovided for in�his Securf�y Insirumem shall bc dcemed io havc becn given�o Bonoa�cr ur Lendcr whcn givcn az provided � � t �. 4 � -
<br /> P .1 5i a�;
<br /> m thie paregnph. .>1+'';��;�,:�)1 L -
<br />- l4. Coverning Law;Severebllity. "Ihis Sccuri�y Imwment shall6c go�emed by fcderal law and the law of�he ,f�,t,r;.��;.,,rr „ � �.
<br /> judsdiction in which Ihe Propcny is loca�ed. In the eveN�ha�any provision or claux of this Securi�y Insumnem or the A� ���,� _
<br /> Ho�e conllins with appIicable Inw,such conitic�shail not af(ca o�her pmvixiort+af�his Securiry Insimment er the Note �����-r�i i�
<br /> ;3.kz}:
<br /> - which can be given effec�wilhoa�Ihe con0icting provision. To�his end�he proaisions o(�M1is Securily Insuument and Ihe �.,;i�� ,�, --_
<br /> - :;`r:' Notc arc declarcd ro M severable. - °�" - _
<br /> - I5. 6orrox�er's Cupy. Dortmver shall lx given one confunn.d copy of�his Securi�y insuumem. - �.:��� �
<br /> -�- 16. Assignmmt of Nents. 6ortowcr uncondi�ionally nsign.end�anxfen m Lcndcr all�he rcnts and revenucs o(�he � -. - _
<br /> � ° Propctty. 6o�roo�er aulhori�es Lender or Lenders agems Io irollect Ihe rcms and rcvenucs and hercby dirccls each Ienam of �
<br /> ' the Propctty lo pa�•the rcros�o Lender or Lcndcrt agcros. Ho�rerer,prior�o Lender�no�icc�o fiortowcr of 6ortoacrl -
<br /> breach of any covenanl or agrtemenl in�he Scturity Imwmenl.6ortowct shail coliccl anJ mttive all nms and rtrenues o( . -
<br /> •V the Propetly ns wstee for lhe benefil of Lender and Dorto�cer. This assignment of rents conslimtes an absolule acsigmr.enl . � ,
<br />--s. .�:;: end no�an nssignment tor addiiional sauriy�only. �
<br /> !� I(Lender R�ves noiim of brcach l0 6ortower. (a)all rcnls mccivcd by 6orto�rer shall be hcid by 6ortower u truslee
<br /> for bcncfit of Lcndcr anly,lo bc appIicd lo Nc sums ucurc6 by Inc Jccunty inswmcm; lo)i.cndcr snaii uc cmiiicd a =_-==_
<br /> collecl md rceeive all of�he rcms of the Property:and(e)each Ienant o(�he Prapeny shall pay aii rcNS due and unpaid lu
<br /> .'", l.cndcr or LenderS agem on Lenderk wrincn dema�id�o the�cnvu. - ' -
<br /> ��-�i�� Dmrower has not exwuted any prior auignment of tM1e rcms and has not and wiil noi pcdortn any acl thal �vould -.
<br /> -,_:,;+_; prcvcNLcndcrfromexercisinpitsnghtsundcrthisParagr�phl6. �
<br /> -ti"" Ixnder sM1all no� be rcquved�o cmer upon,�ake comrol af or maimain�he Property befom or a(mr giving no�ice of r � .
<br /> ' brcach to Dorrower. However,Lender or a judicially npPoimed receiver mny do so a� any time there is a brcach. Any j �
<br /> �7," epplication of rcms shall not cure or woivic eny defauh or mvalidate any o�hcr rigM or rcmedy of Lcndsr. 'ILis essignmcm ,ry -- �-� '
<br /> - of rcnis a(�he f1ropeny shcu terminam�rhen tne deb�securcd by�he Secmi�y Inztmmem ic paid in tuiL ���.,--,--� - �
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