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<br /> . paymetRS.which are refe►t+ed m in �p�ar change the�araanmt cf.su�fi pa9tcd�ts: AaY excess�tooads over an -
<br /> . � amu�r�d m Pir ill atstand'nS. i n�aa- �'`�SS wsdar the xote�uu�z sec�,�y�t s1�u 6e paid w t�e erxicy .
<br /> . kg�ll ea�l tlaetew. � . _ .
<br /> ' �Fee� l�nder may collect fas andi�es audlosized 6y,the Secsstar3R: :
<br /> 9 Graads[or Acodeat�oe a[Dc61:. � Tn t�e case of defaWts.
<br /> (a)Ddaelw Lmder may,except a��liba:ted b3►re8uluions issued.by.th�Srx�tary DaY�t .
<br /> iequire im�n�iate PaY�tts m full a��ll sums sec�ued hy.tl�is Securir,�dn�� �
<br /> - — � C?Boisowar defauits by fa�rt�ta{�i�s ful!�ty ma�htyt��'J��:��bF������� °
<br /> ' ta or an the due date of tbe nxEanontdiY pay�nt.a� ta. �n other obli tlons�in d�is
<br /> (ni)Bamwer defautts by failit��«foc a periad of Uvm}.duys,. p�+� Y' 8�
<br /> (b)Wit�oet Credit Appsovst►t.Lender shall.if�:nittsd b��rgli�aDle isw and with tbe prior appeoval of ohe
<br /> _ • �t�y.cequi�e�mad�te PaY�s�i�ful!af all tbe swnF secuted D�#�is Security Ensirumeat�f:
<br /> . (i?�t}or put of die Propert--(v._e-N.a-bca,ej'�ci�l interess in�w nu�s e�iminB+u a Put of the Ptoperty.rs soid ar .
<br /> 0�110iWISG t�IS'fCR�d(Ot�1CTIII�I��Y dLWi5C Oi(�CSCC(11)bg t�1Q�AIfi;QnYCf.a11�.
<br /> (li)7Le Ptupe�ty is not occuplet�by the pucci�s�ec atguate�an hh��v hstp�ncip�l t�siderkt,or ttK purcha�et
<br /> -_ • or gr�atee daes so occupy tR� Rape�t� but hi$ ar hat� c�t has not been eppmved in accordance,
<br />--- with the eeq�tuenxnls af the SeCmt�iy.
<br /> '` � (N No N�drer. [f citicumst�nces oc�ut that vrwld pem�it Le�T ta cr.qvire smme0i�tt PaYuxnt in fuib but Le�ider —.
<br />-_'_:; � does not requirc suchpayrt�enta.l�dot docs not waive it�re��u.wlthiCC9�CCt W 54D5GQ�L'11t CVClII9.
<br /> - (�}Repl�Naa o�HUD SecreUryq.te matty cicoumstpncas taguluti4r�a�ssucd!sy tGe SeccetarY wift limit l,ender s _
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<br /> . , rigAts.in tha case of paymcnt dePsuks,ta re�uue immcdiat�puyment in fult and forectosc �f not d 'il�is
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<br /> 5ecurity Insaumrnt daes nat Quthoraie accekntion or forecfu�u�ct i�"n�e pe�mittod by�+egutarions of tlie .
<br />`_��: le)Maetp�e Not Iasueed. Bormwec aB�ecs that shwild thi�Sacual�j insaument aad the no[c secur�d thaeby aot�
<br /> = ,. be eligi'We for insurance under tha.Natiflnal Housing Act witbim '; � mont hs from the �
<br /> , dau heneuf.Lender may,at its opt�ra and na�+ith�anding�utiting sa Peragrsph 9.t�equire imrnediate payment in
<br /> full of alt sums soca�ed b�thls�rity Instrwnen� A wr€ttan�stutpment of any authoriiod agent of the Sec�etary �__
<br /> ts mnnt 9 from�ttie date hereof,declining to insure this Secudty
<br /> • dated su6sequent w �---
<br />_--_ _ ��t and�hC note secumd tlwreby�sdall be d�nted conaWsixie groof of such inelig�'bility. Natwithstaud.ing _ _ _
<br /> �• . . � the foregoing.this option may noD:ba exerciaed b}r L,endor when�the unavaitabiliry of insurance is soieiy duc w =�=
<br /> �.ender s fa7are to remit a mortgag�:iaatuaace psemium ta th�Secn�rY• �'�
<br /> � ,, tQ� �te�nsbtemen�. Bortuwet has a ri�st to be�insEaWd.if Lendcm b3i.a tequired immediate payment in i�ll 6ecause ----
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<br /> •'�? -..r qf]�wu's faiiace to pay an xc�aunt drte ur�der the•Nate ar thir�Security Insavment This rip,�t applies even�;r �,��
<br /> •- ��• � . fc,�xEl�s;ue.Proeeediags are inscituted. 't"e.re�,starP tis�Saeurity Ins�vqren� Borrower shall tender in a tump s�c all _�
<br /> `�•:�e6�ts:tquued.to bring Bocrower�s acconnt ct�TZCCt inctading.to t!w eR�nt they are obligations of Borrower mider this __
<br /> ' ;�` .'�-�� �•, ��.;,y��s'v#�strument,foceclosut�e costs and icasorrabLe and customary:attnrteys'fees and expensea pcope�[y associated with �
<br /> �,,,' , ` �ff�:a:l�sure proceeding. Upan reinstat�me�tt by Bor�ower;Wis Secuary instrument and the obligations that it s�emes ��._�..
<br /> � s'�,s�' c�r.�in effect as if Lender had notse�uired immedis��ymant�iri�full. However.Lender is not tr,qaiired to peraiit =�--,__,
<br /> teu���t if: (i)Lender has accepced<<ciastatement�eci�iss cammaacemenc af foreclosure proccedmgs w':thcn�o �.,��•--
<br /> � " yeazs �nsaodiaseE�r preceding the commoacement of a cuize�s:fo�cins�trc proceedina.�) reinstatem�.mt will p�'l:,de ����_
<br /> '`.��: foreclosure on di�ierent grounds in the fuwr�or(iiil reinst�c�t will sfdversety affett tf:r prioriry of the lien cicated by ; v�r�.n,.
<br /> , .'- , tftis Seturiry Instrutnen�. � " `' '
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<br /> .'. Il0. Borrower Not Released; Forbearac+ce by I.a�r:c'l�at a:V��a�rer. Exte:s.'a�of the�time of paymerla or {.-..��,'
<br /> , �;;�, m�1�a,ation of amortizatian of sI-.��wns secured by this Se:.�iq�Iflr.funiant�rttnted Ir�br�der to any successor m u�test � , � .,_
<br /> - oS�nrower shal!not operate to czlease the liability of the QsF�aul Bdjrrswer or Borr���.�Y successor in interest. �3�r �P't%��.
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<br /> � 1 Tot 6e r uired to cammence p r o c e e din af,�-?�.s t�_�ac e c s w r i n,i n t e r e�t ar re��to extend time for pa y::,�or ,_
<br /> • � �.eraise modify amortization of the suma se�^e3 by i.�s Secudty.Uirtrument by reason af any d�.-sd made 6y the . .:.
<br /> �'`' `, c:'�al Borrower or Borrower's successoi�in i.r�s� �m_�:fn Poeamncc:by l.eader in eaer�sin g an7 an�+�:ar remedy shall
<br /> .. ;��.t , �x ihea waiver of or precludo the exercisn otany rig,hi orrwme�ly. . • . • . -
<br /> � �;;�;3 � < 1�. Succassors and Assigns Boand,Join!an� �s�i'Us�hi�lt*f;Co-Signers. i�i:covenants and a�s�r��of
<br /> �y;y�' . u'�s 5.,.�'iry Instrument shall bind and benefit the succes•�r�ar�d a�r,i �of Lender and���cswer,sub�ert ta the��=�s�s : , ` ..
<br /> �•.,•;;. of l�a�agraph 9.b Boaower's cavenunts an0 agreement��sa11 lie�aint and severaL A-y Bormwe:who co-s::'��w�s
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<br /> ,•,�,9 Security Instrume..t but dces not execute the IYoto: (a)is co-signin8•thln Security InsUrum�st only ta��:,gtgage,.�and .
<br /> • � '.:�,.: convey that Borrower's interest in the Froporly under the ternss of thit.9�curity lnstrument;(t}>is not per'onally oblsgated to ;
<br /> �1'���t g�y,'�e sums secured by this Security Insu�amene;and(c)�grees tittu l:eader and an�r ot��r��rrower may agee toexiend, .:,.L+};;.,,:_
<br /> • �' �1+:� v�tfy,forbear or make any acc�nmadations with regard ta tho tumnrs nf lhis Secunty Ir,�--��-:ent or the Note w1.tFa��hat ;,.r;a��,:�=
<br /> . `e�`' �^.�ower�scansent. -- . _
<br /> �:� � ` 1 3. N o d c t s. A n y n a t i c e t a B a rr o w c r p r o v i d e d f�r r n t h i�5a c u�i.t y Inr�trument shall�Ge siven by deliver,r�z�:3s by .
<br />� . ' f � . c:�ailing it by�rst class mail unlesc appti�aG:e t�W�i�:i^r.�s u!c+c�f:tnother meth�xi. The natice shall be direc�•:d to t he
<br /> � �":aperty Addcess or any other address Berroae�r�i�J�:u1.es Hy nutice to Lendcr. Any noticc ro Lender�halt be aiven by
<br /> � f;:�x class mail ta Lendera address stated her�in aracrl� a�iros. I.crtdec designutes by notire to Borrawer. ,�,._--y notice .
<br /> � � :���'�'' �' .` . ¢�;�,�ided for in thi�Security Instrument sht�ll t�a deeined ca b�..•a Ncon��ivrn to Hat�owec or i..en der w hen give n as�=��.i d e d � •
<br /> `�'� m ti►is parasmph. �
<br /> � °��'f::'..� �' � 14. Goveroing Law;5everabltlty...'i'hi:+Security tnsin�mont��riu1!be gavemcd by Fcderai taw and the t�:��,+r"the
<br /> ,.. °y�`��'��` jurisdlction in which the Propeny is lacutud ln the evcm thtit t�ny.(trovi�ian or clausv��f�hi�,Secur.ty�t4.strur.ce�c�s she
<br /> :_�.�::� '' • � Note confllCts with applicablo law,such canftict shall nnt Wifuct aittnr pmvivions ut thi�5ecurity Irstra��rnt as d:e Note
<br /> � ""<`.�'�,�;°� •'�� which can bo given effect without the cuat7icting provi�ic�n. 'ti�titi�+and 1he pravivions ef this Secur.y S:strurne7:t a;�d the i � ..,.
<br /> ' ;;'�-,�;:;,-: Note arc declared ta be severable. `,: ''''-
<br /> . �:Y;;:";..;�;•� "•� 15. Boreower'g Cupy. BocrvVwer ahbll be givcn anc canfunn�d enpy�+f�his S�;cunq �astrument. � ,�`'.`:`.
<br /> ` ' � I 6. Assi g nment of Rents�. Borrowc��uncvndi�l��nally�cs��n�:�n�l Irun�fcrv to l.ender i�ll thc rcnts:uid revenaes oF the � •
<br /> :;�.=:��. ��.',�' Property. Bonnwer authnrize�Lender orlxnder's s�gent�tu cui l i�et�fle rent.r unJ revenucs attd hereby direct�cach tenant of �
<br /> . � the 1'ropeAy tu pay the rents to Lendct ua•Lendcr�aFent!.. tE�i�vover,prii+r to I,�nder y nntice ta 8orrower of Borcowcr's � .
<br /> . � breach of any covenant nr t�f;reemem in Ihn 5ecurity In�.trumrnti Harro�ver 4h��U cnllcct an�i rcceivc all ret�tc and revenues of : .
<br /> � � . i;:'"-.,..�. � � the PrapeAy as tru�tcc far iht tscnCfit uf Lendcr�md Bnrrm�'er. '1'hi!:s���i�;nmrnt af rentv can�titutes an absalute assignment
<br /> , � and not s+n ass�gnmcnt fi�r udditinnal securisy��nly. ��
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<br /> ���-.�; �- •- If Lender gives notice nf breach tv B�nrruwer: (u)all'ruat!.recuived by Hunnwcr shall t�e hetd by Bhnower sc trustee �
<br /> • ' ° � ' ' far benefit nf l.cnder unly,tu b�Upplied tu the sumy �cruted h��tht�5ccurity tnstmmcnt:Ib)Lcndcr�hull t+e entitied to �
<br /> � ' � �� cullect and reccive vll of the rents ot the 1'tuperty:anci(c►earh tensint af thr i'r��perty�h�dl pay.ill rents duc as�d unpai3 t�� ; -_
<br /> � � Lende�ar l.cnder's agent�n Lender s wriucn d�mand tu tha+tcn:u�t� � ,
<br /> �• " � . �drrowcr has�at execute4 any priuc,iscignmrnt uf-tha ran��.�nd Nax nut wid u i:! not perform any 1ct that wou1J i
<br /> • , pr4svent Lender fmm exercisin��.t::;�,hts untic.�r this i',trubruph 1 G. '
<br /> . '.�;' , ,, Lcnder shall not be reyu`ir:�;:�c;ter��pon.tukc c:+�:tn,1 ef+u m�lntuin the Prc�utt, i-c`cre or after giving a�cice of i ,. ..
<br /> . �. _ �;�...- ��reach to Sorrower. tlowever.i.e::dr.r c��a j�dicially.�pc;ittc�receiver may�us at�al ti�ttc c[t�7e is a bre::cir. •.1ny �.: ,;:'•,�'`.,
<br /> ' �• �� a :�plication nf rents shall not cure os wai��•m;y�tefauH rn Pnr�aSidaie vny athcr right or tenc�at�ot't,�rri,:t. Tbis�,:ssignmem
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<br /> ,- --_ --�� .--� . .� _a;rents of tkc t'mp.^r!y studllet:ts�n�te when tttc det��se-��!��y thc+�ic�:u»ty lnstrunre�tr�s paid�n f�.�l. t _
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