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<br /> -- �� � paymcnts.which ruc refarred to in Paragreph 2,or changc the amount of such payments. My excexs proceeds ovcr an
<br /> w�wunt ro4uired to puy�Il outxtandin�indebtcdne�uru)er�he Note and thic Sec�uity ln�trumenc shell bo paid to the entity
<br /> •� k�elly entidod therctu.
<br /> " 8, Feeo. Lend�;r rnuy collect feeq and riwrYeg uuthoriced by the Secre�ary.
<br /> - 9. Grounds tor Acceleratioq ot Deb4
<br /> - "- �.' a�` �._^ . lal De�wl� l.cnder may,�xccpt n.s limitcd by regulutionA i.raued by the Secretary in Ihe care of payment defaW�s, _
<br /> " ,.�.,,.,.� ,� n�uire immediute puyment in full uf ull cumx x�wureJ by thi:.Sccurity In�.tNment if: �--
<br /> '' (i)Bartower defaults by failing to pay in full any monthly paym�nt reyuired by Ihis Security Inslrument Pr�or
<br /> ^�d ������` to or on the duc dutc af tF�e next monthly puyment,ar
<br /> y ��� , ,, (ii►Borrower defuul4v by fvlinQ.Par a periad of thirty dayR,to perform w�y other obliQutiona contained in�hia
<br /> � ,:.-,�- Security Inxtrumcnt.
<br /> ""—°""..:�- .., ` (bl Sale Wilhout Credit Approvol. Lender aholl,if permiued by applicable Inw und with the prior approval of the
<br /> '"�,'- „ Secretary requ+�e immediate puyment in full af aU the sumc secured by this Security Instrument if:
<br /> `-�" ;�=,�-.; :� (i)All or part uf the Property,o-a bcncticial interest in a trust owning all or part of the Propeny. is sold or i___
<br /> _ otherwisc uansferted(other than by devise or descent)by the Borrower,and
<br /> ..�.�:fi-,, (ii)'I'�e Property is not oecupied by the purchuser�r grantee a�hix ur i�� principal residence,ur the purcha4er �__
<br /> _;���;`_;�� ' or grantee does so occupy the Property but his or her credit hus not been approved in accurdartce
<br /> =���•� with the requiremen4c of the Secretary.
<br /> - �•��°• .�' • (c)No Walver. If circumstances occur that would permit Lender to reyuire im:nediate pnyment in full,but Lender _
<br /> =� "'�• Aces not require such payments,[.endcr dacs nat waive i�s rights with mspcct to subsequent events. �
<br /> =•��s•" .�;•.: —
<br /> (d)Re�ulalbos ot HUD Secretary. In many circumstances regula[ions�saued by tha 5ecretury will limit Lender s
<br /> ��.?� '��� righ[s, in the c� uf payment defaults, to rcquire immediAte payment in full and fareclose �f not paid. This
<br /> �� "� � y`�� � Securiry Instrument dces not nuthorize acceleratron or foreclosure if not pertnitted by regulations of the Secretary.
<br /> 4_�_.
<br /> -�n.. v��' p!N.S
<br /> . (e)MortAage Not Insured. Borrawer ugrees that should this Security Instrument and the note secured thereby not
<br /> . - be eligible for insurance under the Nationnl Housing Act within 90 OAYS from the
<br /> 7;:--
<br /> �� ' dntc hereof,Lender mny,�t i�c optian and notwithstanding unything in Pnragraph 9,require immediate payment in
<br /> ` '" � ' full of all sums secured by thi4 Security Instrument. A written statement of any authorized agent of the Secretary
<br /> � dated subsequent to 90 QAYS from the date hercof,declining to insure this Security r.
<br /> '' , Djib` Instrument and the note secured thereby,shall be deemed conclusive proof of such ineligibility. Notwithslanding —
<br /> . •� the foregoing, this option may not be exercised by Lender when ihe unuvailability of insunu►ce is solely due to
<br /> - Lender's• fuilure to remit a mongAge insuruncc premium to the Sccretury.
<br /> "' �� 10. Refust�tement. Borrower ha�u right to be re�nr•t�ted if Lender hati reyuired immrdiute payment in full because
<br /> _.__:ra.____•.. _ of Barrower!s failure to pay un c+mount due under thc�Note or thix Security Imtrumcnt. This nght applies evcn after
<br /> ` :�x " ` foreclosure proceedings �re in.tituted. Ib reinstate the SCCUfily 1naUuoldiit, i3orrowcr �ha!! tender in s lump susn al! —
<br /> - amountx required ta bring Borruwer's uccount current including,to the exlent they arc obligutions of Burrower under thiti
<br /> " Security Inxtrumenb forccloxurc cosu und reaxoneble t+nd ru.tomnry attomeys'fces smd expenxex properly urxociatcd with
<br /> ' the foreclosure proceeding. Upon rcimtutement by Borrower,this Security Instrument und the obligauans thut it securec
<br /> ' shall remain in effect ati if Lendcr had not re�uired immediutc puyment in full. Hawevcr.Lcnder is not rcyuired�a Permit _
<br /> � „ reinstatcment iE li) Lender h�s uccepted remxt•rtement aftcr thc commencement of fareclosure proccedings withm two _
<br /> years immediately preceding the commencemcnt ��f u current forecl��sure prixerding, liil rcin.r•tatement w�ll preclude
<br /> ,-r,,...a. -, foreclosure on different grounds in th�:fuwm,or(iii) rcinxta�cment will advenely uffect the priority of the licn created by
<br /> • this Seeuriry Imtrument. —_
<br /> �� ll. Borrower Not Released: Narbearance bv l.ender Not a Waiver. Ex�cnxion uf �he timc of payment or �
<br /> ' ° modification of amartization af the sums.rcumd hy thi�Srcurity Instrumeni grunted by Lenikr tu uny wccc.�ur m mtercst �.
<br /> � � of Borrawcr,hall nat uperu�c tc�rcic•rtic thr liability uf thc originul Borr��wer�ir Borrowrr:wccc+.ur in intcrext. Lcndcr �.ry;
<br /> � � xhull not bc rcyuircJ t��cummcncc procrcJing.agwn�� any +uccc+�ur in imerc�l or rcfu.r to extcnd timc i'ur paymcnt or
<br /> � � ., utherwiK mcxiity umoniratiix� oi'thr �um� .ecurcd by thi.Srrurity In�trumcnt by rca.run uf uny demand madc by thc �
<br /> „ ' .. original Borroweror Bortowcrti�urrr��ur+in intrrc�t. Any iortxarancr by Lend�r in cxcrcixing any right ur n:meJy+hull -
<br /> ' nut be a wuivcr uf��r prccludr thr rxcrri.c��f any right ur RmcJy. �
<br /> 12. Successot�and A+signs Buund:Juint and tievend Liability;('aSiRnrrs. Thr covcnunts anJ ugrcemcnt+ot'
<br /> " °F •• this Security In�trument tihall bin�t unJ lxnet'it the,urce�wr.:u�J uxsigm ot Lendcr anJ Bunuwer.zubj�wt tu thr pn,vi.ion,
<br /> •• � ! of Pcuugraph 9.b. Burruwrr: cov�nunt+ and ahrcementx xh•rll lx jo�nt anJ +rveral. Any B�ttrower who cc�-x�gnti thi� ,,�
<br /> � � .• ° Securiry In.trument but Jue.not rxccuic thc Nutr: (ul i�ro•,igning thi.Sccurity In.�rumcnt only to mortguge,grunt and �
<br /> •ti convey thut Borrower:imrrc+t in the Pru�xny undrr tlx tcm�r ot'thi�Scrurity ln.tnimen!:(b►is not�nonally obl�gutrJ tu w:•�.
<br /> .. ..�.,� ,, pay tlx:sum��ecurcd by thix 5ecurity In�trument:und(�1�grer.th:�t L.enJrr rnd:ury uthrr Borcowrr ntuy agrec w extcnd. �_.'
<br /> r . - malify,forbeur or muke uny accomnuxl:►ti�m.with n gard tu the trrm�uf�hi.Srcurity In,aument or thr Note without thut
<br /> Borrower�conzcnt. �-
<br /> • ' l�. Noticea Any nu�icc tu Burcuwrr proviJcd ti�r in thi.ticruriry In.trumrnt+hall lx givrn hy drlivcring it ur by
<br /> - muiling it by first clati+ mail unlrti. applirahlc law rcyuirr�u�r uf unuthrr nuth�xl. 1'hc nuUCr �hall br Jirccicd to Ihc �
<br /> Property Addrezx or unJ•uther adJrr�.Borcuwrr dc.ignat�.hy nutirc tu Lrnder. Any notirr to Lender shall Ix�ivcn by Y;
<br /> • iint clus�mail to LcnJer� addre,� .tatcd hrrcin ur any :iJdrr„ Lrndrr dr.i�natr. hr nutirc to Hurruwre Any nolicr �
<br /> �� �rovided far in thi�Srcuriry In.trumrnt�h.�ll Ix dremeJ tu havr Ixrn�i�•en to liurrowcr ar Lendcr w•hrn givcn a.pn�vided =..
<br /> . m th��p:uugraph. �.
<br /> '' l4. Go�•ernin� Law•:ticverubility. Thi. S�ruriiy In.�rumrm.hall h.•c����rnrd h� I�cdcr:d la� :uid ihr law uF thc f'
<br /> jurixdiction in whirh thr f'ru�xrty i� kxatrd. In thr c��rnt that;m�pnn�i,iun„r cl:�u.r al dii� ticrurity Ins�rumcn�or�hc r4
<br /> Notc conilict�wilh applicaMc law. �uch cuntlict,h�ll nut alfrrt �Hh.r pn��i.iim.��I Ihi. Scrurny In.tnimcnt ur thc Nut�
<br /> . which cun h�:Eiv�n ei'fect wi�hout thr runflirung pr�n•i�i�m. li,�hi.��nd�hr pn,�i.�un,uf thi�tierurit� In.trumenl and the �
<br /> Notc ure Jcclarrd w tx�r�e�cihlc.
<br /> I5. Burro�►rr'+Cop}. liurru��rr.hall Ir gi�rn u��r iuntixmrd:�,r)��f Ihi.ti�iuritp In�trument. �.
<br /> 16. Asxignmenl��P Itentx. Hunu��cr unc�md��i�,nalh a,.igm:md tran.tcr.tu lxndrr all thr rrnt+and revrnur,ul Ihe
<br /> F'ropcity. Nixrrn�rr authuriic.l_rndcr ur l.rndcrl a�:rm.l��:ullrct ihr rrnt.,u��l rc�rnur.anJ hrrchy dircr�.�ach t�nant of �
<br /> . thc {'ro�xny ro pay thr rrnt.lu l.rndrr ur L�•nJrr'. .�ECnt.. Huwr�rr. pnw tu Lrndcr'. n�Nirr w Hurnnarr uf Hunuu•rr',
<br /> hrrach of any co�•enant ur agrernunl in Ilir Srrunt� In.trumrnt.Fturn»�rr.hall:ullrci;�nd nrei��r all rcnh:ux1 r��enur�ul
<br /> thc ProFxrty a.Itu.ter ti�r Ihr Ix nrlit ol l.rndrr:mJ Horru��rr. I hi.a.,iRnmrnt ul rcnl��•un,tilw��:m ah.ulul�.�••iEnmrm
<br /> :" r,�. —'._ -- - m�d not an a..i�roncnt i�,r addw�,nai.ccunq•uniy. •
<br /> If Lcndcr�:i�•r.nutic�ul hr�ach►u H„nu��cr: l:i�.�II irm.rr:.�i��.l h� I�„rru��rr.lu►II tu�hrlJ I,c Hurru���•r a,tru.tr��
<br /> � for tkncfil uf Lrndrr unl�. �n hr:�pplird iu Ilie ,um..r.uird h� th�� tiriunl� In,u�umrnt: ih� Lrndrr.hall Ix cn1i11rJ 1�,
<br /> ci�Urrl and rercivr.dl uf Ihe rcnt.ut Ihe I'ru�xrty:and�r�earh trn:iol�,1 ihc 1'�•uprrt� .hall pa� all ren1.duc and unpaid la
<br /> . ' l.rn�kr or Lendrr'.a�:cnl un l.�nd�r'���rinrn drman�l lu thr Irnanl.
<br /> �. Hurruwrr ha. ni�l r�erwe�l .m� piiur a..ignmcnl uf Ihr rrnt.:in�l ha�n��l :�nd ���II nut ��rrl�,�7n :m� :irt �ha� Ni,uld
<br /> p�tvent Len�ler frum r�rrci.m�rt,nEhh undrr Ihi.1':ua�raph Ih.
<br /> . 1 rndrr .hall m�� Fx• rryuirr.l Io rnlrt u�xm.lal.r r�+nuul ul �,r mainl:uu lhr I'�u�krl� Ix���r�'��r:illrr �:i�in� n�Hiie uf
<br /> , hr:ach to l3urci�Nrr. 11u��e�rr. Lendcr ur:� �udi�iall� .�p��umtrJ rcrr��rr ma�� Ju .0:u :ut) umr ther.• i. ,� hnarh. :1m
<br /> l ;ipphcauun ul rrnt..hall nul curr ur wa�cr am d.lault��r im:�lidatr am uthrr right ur irmrJ� ul LrnJri. I h�.a.,ignmrnt
<br /> . �
<br /> ol'rcol.ol Ihr I'ru�xil� .hall tcnnivatc��hrn Ihe d.ht.crurrd h�Ilir S�ruril� In.trumrn�i.p:iid in(ull.
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