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��' 10'�433 paymentv, which are referted to in Paragraph 2, or change 1he amount of mch pnymcros. Any czcccs pd�cads over nn amount required to pay all outstaziding i�dabtedness undtr tlw Note ond Ihis Security lnswmenl ahall he paid to Ihe rntiry legally rntiHed Ihe¢to. & Fers. Lender may colittl fees v-d charges authori�ed by�he Secrttary. 9. Grounds fw-Acirkntioo af DebL (a)DefaulL Lerdi.m may,except as limited by�egulerions issued 6y thc$cctelary in�he case o:paymen[de(eWts, mquire immediate payrtr:nl in full of ail sums secumd by this Sttvrity InsWmen[iC (i) [lortower defaulis by fsiling:o pny in full any monthly payr.wnl�equiied by this Security InxWmml prior m or on Ihe due datti:o(Ihe�z�monthly paymem,or (ii) Bortower deCavills by (ailing, for a period of thirty days,to pedortn any othcr obliga�icros contaimd in�his Security Insttument. (6)Sale Withwt Credit Approval. Lrnder shall,if pertniaed by applicabie law and with 1ht prior apploval of the Suretary,requiie immediate payment in full of all the sums secured by ihis Security Instcumen[it: (i) A!1 or pari of ttre Propetty, or a beneficial interest in a vus� owning all or pan of the Hopeny, is sold or othertvise transferted(o�her[han by devise or descenQ by the Bortower,and (ii)Thc Property is no[occupied by thc purcheser or grantee es his ar her principal residrnce,or the purchaser or grantce dxs so occupy the Propeny but his or her credi[ has no[ been epp�avcd in accordance wilh the requirements of the Secretary. (e)No FVaivee If cimumstvices ocew the!vould petmit Lender io requim immediale payment in full,bu[I.endtr does`wt Icyuia such paysn.nu,Lrnder does not waive its rights wiN respect to subsequent evenls. (d) Re�latlom of 4ifllb Secrefary. In meny circumstences regulations issued by the Secrclary wil! limit Lender's riglus, in [he cau of ��ayment defaul�s, to ¢quiie immediate payment in (ull and forc.:lose if not �e id. This Security [nstr�m-m.dnes not authorize accelen[ion or fo�eclosum i(not pertnitted by regulations o(the Sec�e�ary. (e)Mortgnge Nof In^.ured. Borrow<r agrees Ihat should[his Security[nstrumen[arkl the note securu4�hcreby not be eiigible fnr insurance urMCr Ihe Na�ionol Housing Act wilhin from the date Ixreof, Lendtr may,at ilx nptirtn aad notwithstanding anylhin� in 1'ingraph 9,requim immttliale paymrn� in full of ail zums smured by lhis Sa:urify InswmrnL A wrillen slatement nf any aulhamed agent af the Secretary datcd subscyucnt to from Ihe dmc herco(, dttlining tn insurc lhis Securily Instrument and the nolc secured thereby, shall be deemed conclusivc pmuf nf such ineligibilily. NolwilhstanJing the foregcing, tfii.s nption may not be ezerciud by LerMer whrn the unavailabilily of insu:ance is wlely due to Lenderk(ailum lo rcmit a mongage insurance premium to the Secretxry. 1@. Reinstatement. Bom�wer has a right b M minstaled if Lender hac reyuimd immediale ,aymem in tull becau.ce of Bormwert failurc ro pay an amount due under [he�Nae or this Securily Insuumem. This riplrt npplies even af�cr foreciosurc proceedings are insliiueed. To reinstate the Securily instrumenl, 8ortower shall IcnJer in n lump sum all amounts reyuired lo bring Borrower'.s aceewnt cvrtent inclirJinn„ In Ihe eYtenl thcy are nbliga�ionx aY Rortnwcr undcr Ihis Securily Inswmenl, foru:imure cosls and reasonable and c�stomary aUnmcys'fees and expenses prnperiy aczncialed wilh lhe fomcluwre prncttding, ll�n>n minslatement by anmiwer, this Securily Inslrument and the o6ligalinns Ihm il xeeures shnll remain in eG`ecl ac i(Lender had not requircd immediate pnynent in full. However. Lender vs nof �cyuimd In permit reinsl;ucmem iC (i) Lender has accepted reinstalar.ent ifter thr, commeMement of famclusum prcecnlings wiiiiin twu yeaa immediarely preceAinA �he commencement of _ . .:.�:: iore:bsure pmce^ding• (ii) rcinstatement wiil prcdude foreclnsure on different g�vwids in the fuwre, or(iii) minsta�ement will ndveruiv affecl ihe prinrily of Ihe lien crcatM by this Security Instrument. 11. Borrower Nnt Releaved; Forbearance Ay Lender Nni a Waivee Exlcnsinn of the time ut pnymm�t or mMifitation of amonivLLion o(Ihe sums xecured by Ihis Security Ins!mment gramed by Lernlcr lo any succcssor in inleresl or o�,�rowcr snau not operate m rclrase the Iiability o(the original B�rtower c 9orrowcri �aucccesor in intemsL Lcnder ;htL not be rcyuired to commentt proceedings against any successor in in�emst or re(use ro ezfend Iime (ar payment or otherwise modify amoni�ation of the sums secnred by thix Securiry Inswment by rcason of any demand made by the original Bortowcr or Bom�wer e sucm.c.wrs in inlerest Any forbearnnre by Lender in ezercising any right or remedy shall not be a waiver of or prxlude Ihc exercise of any right or rem�y. 12. Sucmssnrs and AsSignx Bound; Joinl and Several l,iabilfty; Co-S3gnen. The covenanls inA agreemems of this Sccurty Inxtrumem shall bind and benefit the successors and azsigns of Lender and @orcower,subjea (o the orovisions nf Paragr.�ph 9.M. Aartnwerv cmenams nrpl nFrcemenls shall bt joinl and uveral. Any Ilorniwcr who rn-.iEns Ihi� Sec�mty Insuument bw dces no� ezecute the Note: (n) is co-signing this Securiry Insmimem onty to mongage, gram u'W ronvcy�ha1 Pnn:owrr c iNerest in tlre Pru�xrty undcr Ihc lem�s o(Ihis Scv:uti0.y Invirumenl:(b)is not �anunally obligalcA L� pay Ihe sums se%:;:ed by this Securily Inswment; end (c)agrcex Ihal Leoder and any olher eorrower may agrec �o e�tend. modify, forbe2r or make any accommodations�vi1h rc�;an1 to lhe�erms of lhis Smurily InsWmem or Ihe Nole uiilhout that BortOwer4 conSeN. 13. Nolices. Any no�ice m Rnrrower provided for in this Securiq� Inurumenl shall be Siven by dclivering it or Ay mailing it hy first class mail unlcss applicablc law rcyuirex uu of unolher method. The notice shail be dirctied to Ihe Propeny Addras nr any mhv aAdrcsx Harmwcr designu�es by no�ice �o Lender. Any notice to Lender shall tK given by first class mail tn Lender5 addrss slated hemin or any addmss Lender dceigna�es by nolice lo Bortnwer. Any notice pmviJcd fnr in Ihis Scwrity Inslrumtnt shall be deemed lo have bcen given lo Borrower or Lcndcr whcn givrn as pmvidcd in this parzgraph. 14. boverning I.aw; SeveraAility. This Ser.uri�y Inslrument shall lx gmemed by Fedual law anJ Ihc Iaw of Ihe jurisdiction in which the Yroperty is Iceated. In Ihc evrnt Ihal any pmvision or clause of Ihis Security Incwment or Ihc Nu1e conflicts with applicable law, such ron0ic� shall eot s(fect ulher pruvisions of this Securily In.wmem u the No1e which can he given eRect wilhout Ihe conllicling pro�iision. Ta Ihis end Ihe piovisions of Ihis Security Imwment and Ihe Nolc are declared m tx scverablc. I5. Burrower i Copy. Borrower shall be given oue confortned copy ot this Security Instrument. 16. Acsignment of Rert�c. Bonuwer uncanditionelly assigns and tranxkrs to Lender all the rcnu and rcvrnues of the P:openy. 6ortower authnrixos Lender ar Lender'.s ngenis to coliect Ihe rems and�evenues and htteby direcis eath IrnaN of the F7op^rty to pay ihe renl+ to LenJec ur Lrnder's agems. However, prior to Leender's noiice to Borroweeot Horrowerk ' brcach of any cmennnt or agrcemcN in Ihe Securily IncummeN.Bortower shull colle6 anA rcceive aIl mnlc and rcvenues of �he f4npeny as truxiec for the Ixnefit of Lender and Bmrower. This acsignment of rena consti�mes on atxolme azsignment and no� an:nsignmenl fur udJilional securiry only. If Lender gives noiice uf brcath Io 6orrowec (a) all mnts rmeived by Aorrower chali be heid by Rorrziwcr ax vustcc for benefii n( Le�der only. m be applied Io :he sums secured by �he $ecuri�v Inslrumenl; (b) Lender shxll M entitled t�� collect and rettive all of Ihe rcntt o(:he Propeny; and (c)eazh Ienant o(the Itopchy shali pay all mnta duc and unpaid tn LenJer or Lenderi agem un LrnJer c w�1trn demand lo Ihe icnanl. Borrower hns not enetu[ed any prior assignmenl o(thc rcnts and has not and will nol perfnrm.anv vet that woulA prevent Lender from exercising iis righls under Ihis 1'aragrepl� Ifi. Lender shall not bt reycircd to enter upnn, take cnntml o(or maintain Ihc Propeny before or after giving nutice o( breach w Borrower. I�iowever, Lender or a juAicially appoimcd recciver may Ju so al any time Ihere is u brench. Any appiicalicn o(rcnlx cha!i not cure or waive any dc(auh or invalidatc any oltrcr riuht or remcdy of LertJer. lLis assigmmcnl of renls uf Ihc Property shall Icrmiwie when Ihe deM mcured hy the Security Insirument is pr�id in full. q^+6a t„/J PoXnl