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<br /> — �.: _ . � , j= ` . . , , .71'�'.�.��?���
<br /> �'� ` t • p� � Any exce�pmceed�aves an
<br /> °; • ` p�yments,w6icA ue nfeRed to in 2.or d�oge Ilse taw�at of�b payments.
<br /> �r�u�w pry�!oatstandi�ng inde6tod�ness emda tlre Note aed ttis 5ecwity I�uameut sAa,U bc pdd co tbe awry
<br /> `. kg�}I a�ttkd tl�o�:
<br /> • �Fear. I�endeF m�y colkd fees and chuges anthorizsd 6y dte Sacie�ary .
<br /> �� !.Gta�b fae�[�af Oe6t. . m t6�case ct t defaalm.
<br /> (s)O� l�ender may,axce.pt u limitad by tiagula�ons issued 6y the Scc�etazY� P�Y�
<br /> c�e i�diat�PaYaseat m full of el�sums salurd by tlus S`a�riry Insu�unent iF
<br /> --. _.---- (i)8oaov�defaWis by failit�g W pay ia fuil�ay manthlY PaY�n��4��Y�����°t� :
<br /> to or oa thc d�tc date of t6e next moothlY P,Y��°T �
<br /> _.�. (ii)Bormwar defaoUs'by fu7iag,f�a periad of 8vuty days.to pert'orm auy otLec obGgatiaas con�iis this
<br /> Secu_ri�t�y�1�rivrnent
<br /> -.' lb)Sa1e Wftio�[.Ye:dit App�ov�L Lc.mdes shzll,if peimiwed 6y appiu�bie Iaw and with thc�ios approval o�tl�e
<br /> �` �.�l���PAS��m f�af aA t6e sums se�u�by t6�s SecaritY tnmumetu if
<br /> �:= (i)hll or per�of tbe Ptopaty.or a 6eaeficial mtctesc in a�at o�g a}i ar paiE of the Hnperty.is sold ar
<br /> -�� ad�erarise trausfemd(othat than by devise or desceat)bY tba Barmwet,aud
<br /> - - (ii}11x P�percY is nat occupied by the�haser�grantee as his nr bet prisecipa!residenee,or the�aser
<br /> - or gatttee doas so accupy the Ptuperty but hts os her c�t has not been appnaved•in xcordance
<br /> �vitb thc�quire�rferts of tt�e Secre�y.
<br /> - - (c)No Waiver. If si��staaaes ocau that wautd pe�aiF Lender to requirae immediate payment in full.6ut Landet
<br /> .`T- d�oes mt roquite suchp�ymeats,,L.ender does ant w�i�e i1s ngbts witb�espect to su6sequeal events.
<br /> IES
<br /> .:.,.: � td)�d HUD seaet�ri.Ia m:�ay r�st�c�reS����3►the Secrctary wiu timje Lender�
<br />"- . rights,ut Ute pse of pd�yme►rt defauItS tm ceqaire immediate p�syazeot in full and foteciase if not paid 'Rtis
<br /> - Sec�uity Instcut�ent doe not autha�ze aa�on or foiecWsute if aat pecmitted isy cegulatians of the Seccetaty.
<br /> _ " (e)Mort�e�mt tt�nsed. Borrower�s that shnutd this Seswity Insmtment and the rtote secured there�by� _ _
<br />_.• be elig�'bte for in.s�rance under tlie National flaising Rrt.within _
<br /> �,.'t date hecoo�.Le�der may.at its option aad notwith ' '�t anydiing in Paragraph 9.nequiie immediate paYm��m
<br /> fiill of all�s sec�+ed bY this Sociuity lnmument 1��wri�a state�snt of any authoriud aSent af the Sec�etary
<br /> _ dated su6sC�u�to �=`. .,�fram tiF��.hereof.dec'iwn'�ffi ty�ute this Security _
<br /> ' ��J:;.
<br /> Inmurnent�r.�e note secured thereby,sha11 be.�dee�+�:+�nctume�nsnf of svch ineli bili I�irtwithstanding ��._
<br /> the foiegoing,this option.r�ay not be eaentised by S��when the�uiravaiiabilin=uf msurane�is solety due to -- -
<br /> �<<`.` ,�- L.endei's failure to�emit a�ertgage inswance ptemi�-�r'�she Secretary. ` , . �'�,�-w
<br /> �:_ �Lender has tequired ira�a3�:.e paym�nt in full because �.�...�
<br /> 10. iteT�tatemea� Borra��kias a righc'b��ie c�in-s�.�
<br /> ;..•; =��� of Borrower's failure to pay.a�,a��unt due ur:�i-��::e-Note ar this Security[astnimenx�'-'�':tis ristv:.a{�y�ties even after �j•=
<br />� f o re c t o s u r e p ro c e e d i s�s are s���ed. To reiit�st:�3�ie 5eanrity Inswmeat,Borrower s6all tend�in s�(ump sum all s±--�-�---
<br /> . : ��_
<br /> ' amaunts reqwred w Lirin�;Saa��er�accaunt cii�.�f inclndir.�,to the exters�t�-ey are abligations af t�c;r�ns?er under this .__
<br /> ,� `. e:. xpe �sociated witt►
<br /> r �`,t Security Instrumen�focectosu�aYats and reasonable and ca.sn�d�as.Fiy atwrx.ws'�s�id e tzses pm�erl:..�. �T
<br />:;'��f',r"il'�r; �t the far�cfasure pmceeding. Uga��einstatement by Borrower.•.►k��,�eCUrt,'t���ument and,the obligaAV�that it secc�es ��,.�.o:.
<br /> ':.:;�;>':'.. ��'; shall remain in effect as if Lender had not cec�uired immediate�vr.:��t in��lowever.F..�der is naE.mK,uired to pecr,it __- - -
<br /> v'` ,J:•<F - reinstatement if: (i]!Lender has accepted remstatement after Ev:commea�'�:t of fo�-�sane pra�3i�gs w�thin two �;---_
<br />.:+i:r�:'�k. ' —.
<br /> years immediateiy pcvved9ng Ehe commencement of a current foreclos�.ri�gr+�x.�eding. !ii� reinstate�r�w�ll Preclude �`'�_
<br /> ., ri'
<br /> forec2osui�an diffeir�t gcounds in the future.or(iii)reinstatement wiq ad�e��affect�.hr, Ilriority oF the lien c�eated by . 'f-:;�-_
<br /> _ � ;„ � this Securiry lnswmen� ' " , ` •_ �"
<br /> , �;, ; P. : '"'� ��a�;"�°.
<br /> '' —
<br /> ll. Boerower Not Rel�t Forbearance by Lender Nat a �Vaiver. Eater�irr of the time of ayment or �:'`",.�
<br /> � madifcation of amortization of tFw s-ams secured by this Securi t X lnstrument granted by Lender to any saccessor m interest � !t��,�'_•�g
<br /> ' - of Borroteret shali not aperate to teCease the liability o f t he orig�n a l Borrawer or Borrowe r's s u c c e s s o r m i n t e r e s t. L e n d e t �"
<br /> .. �-.;^_
<br /> sha11 not 6e required ta commence praceedings aL�::.�st any saccessar in intereat or refuse ta eatend tirs�fur payment or ;, .� . __
<br /> otherwise madify amortization of the sums s:�ur�by this Security Instr�:ent by reason of any de�ud_i�ade b�.tfie �-:•. � ':`-:5'�:—
<br /> � ` oripaal Borrower or Borrower�successors in"su�:st. Any forbear�ne2 by Lender in�cercising any rig�v�ar,..-�ne�=s1i:�1}• , ". , �-_.
<br /> '*°':.� not be a waiver af ar prectude the exercise of any�°:°oht ar rem�y. � ' :', '- ," ��fi..�.
<br /> . - 1Z. Successors and AssiAns Bound;,oint and Se�•er�l:ftlrstbility;CaSignerA. The covenants and agreeme.n=aS'` -�•',s,;;�,:.'r'�'v�r:;�,_-�
<br /> , _ ' � tfis 5sturiry(nstru�ent shall bind and benefit the successots:��`ri xssi a o8 nder and Borrower.sub ect to�he rav:sv�m;� •� �'�e��}i'':�'y�=,
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<br /> : �;,:- - at Paragraph 9.b. $�c:�ower's covenants and .;�r°emencc shaU be jo�nt��'seveml. Any Bartower who cas�gns c�us • . • :�:' *.*;•
<br />" ��;;y, SeCUrity Instrument�i dces not exccute the!��ika: (a)is ca-signing this�ca�xity lnstrument only to mortgage.grant and j ?; . � �.�:
<br /> 'r - , ��� . '` convey that Borrowerk interest in the Propeny�s:i3cr the tcrtns of thts Secutity�asuumem:(b)is not per�anally obligated to ' �_.�-�°�
<br />: �#�' pay the sums secured by this SesctnL�•instrument:and(ci agrees that Lcndcr and uny athes Bonower may agree to extend. �,�
<br /> � .� ` `'Y �•'`' modify.forbeaz ur make any accom�:�datians with rcgard to thc terms of this Serurity In.�m�r�ent or the Nat�without that ••• �'
<br /> :,,'t���.-
<br /> , Borrowcrk consen�. � ''��`� "'
<br /> • 13. NoHces. Any noticc w Hatrawet provided far in Ihis Sccu�it Instrument sha�llse� �verr b deliverin it or h '•���{1��== '
<br /> ` , Y $ Y S Y �I '� '
<br /> mailing it by Frst clacs mail untess applicable law reyuires usc at anather mcthod. The nouce shaU f�:directed to the ��""; � .�
<br /> ' � .;q,;:.�.• ,. Property Address or any ather address Barrower de�ignate�hy nutice tn l.ender. Any notice to I.endcr�ir;;ii be given by .
<br /> ''" "`'� � �rst clasc mail to i.cnderti uddres�titated hcrein or any address Lcnder desi�nates b nrs:ce to Bm.rrs::c.. Any nnuce . � '`
<br /> ;�,: ��.� _. b ' Y . .,
<br /> ° - � provided far in this 5ecurity instrumem shall bc dcemcd ta have fieen gi�en t�Honawer or L:4nder whrn given uc prm�i� . „
<br /> �� -�:�. •' �: • in ihis paragraph. . . . • .
<br /> ' •:`� � � ,, ' 1 4. 6 a v e e n i n A L a w;S e v e r a b l U t y. 'I'h i s 5 c c u r i t y I n�i r c i m ent.rhsdl L�,�nvemed b y Fcdcrai law and the law of!he :
<br /> •'�.' ������� • Juritidictinn in wh:cS�the Property i.loc�tcd. Imthe event�hut any prcwi�i��n�r clause c+f thiv Security tr�swmenl or!he 4
<br /> . �,•;: , s....... .
<br /> •' , • ,�. . Note conflicts with applictible lativ,.ruch cunflicl�hall n��t aff'ect ather ptoti�i�innv��f'thi�5ecurity Instrument ar the ate
<br /> � '` ' � which cun be given effect without thu canfiicting ptovitiinn. "lh thiv crtd the provi�iun�of�f,'s Securi�y lnsirument and�he f I
<br /> Notearedcctu�edtobcseverahle. �� . :t.s;;;,;:
<br /> � ' � 15. Bo�ruwer'.�►C�py. Borrowcr shull hu givcn onc a�r,�cT.r.cd capy��f this Scrun�ti 1r•�,irument. •--��•,;.;,
<br /> ,,;.:�,:.;..
<br /> ' ., 16. Asslp,nment ut Renty. Barrnwcr uncondit�onaliy atitii���und tran�fcry tu 4enG,:r,,U thc rrnts artd revenucc nf the � ;,,,;,.,;,,,
<br /> PropeKy. Bnrrower a�thurius Lender ar l.endcc:agentti t�i rul�ct thc rentti��d revenue,and hercby dir,a:.s cnch tenan!af F`• . ,. � .
<br /> .'�i; ' � tho Ptaperty to p�ay�bY renty ta Lendrr i�r Ltrd.�n�.a�,entv. Flo�vcver.pr:��r:t�>i_�nderti ncitice lv Bdtril�,vi�r nf Btnrawer's t. . ' .
<br /> . , � � . breach nf any cavE�:ars or agrecmcnt in�hc 5cc��rr.e;�t�::�:r'rs�.13arr��wcr:,T_a!�n,llcc�and«ceive ati n:�?�:,and tcvcnuc�of ?: �.
<br /> ,•'x-�... �.• � : the PropeAy av tr�s:.:fur the benef i?of l.cn�:L��n�v:;ro«cT: i'�ti�assignment aP rcnty con�titutc�:m t?�i;olute a��ignment ..'.' •
<br /> �y•• .. ,, , and ttot an ass�bn�ent for addition:il•�ccurity+mty. � .
<br /> " ' SPi.cnder ���r>natice of breuch ta i3orrc;a:r. (a):s:l r�+-d'.+feccired ht��,,rcuHCr�hatl Fk heid hy E3nnnwrr as,rt],:��.e � ."�•'��,,�
<br /> �=;�_ . 6 •
<br /> • � fnr benefit�f Lxr.�er anly.tn bc applied eo tl�r�::m4�ecured hy thc 5ccu:`..ry In�tn�mcnt:Ih�Lendcr�h�il hc enti:tcd tn � �
<br /> . - . . . cattect and reccive:il{�if the rents vi�he Pre�p:�i3 f:and/c►earfi tcn:ml af Ilu�{'n��ctty.h:sll pay all rents J�ac;md w�+,iid u� L .. � . .-
<br /> - Lender nr l.enderA s+gent nn Lender�wriaen�era.�ad t��the tcnam. �� .
<br /> . ' .� $onuwer ha.a nut executed w�y,prinr a�ci�nnmrnt nt;,: rent. and ha.nu� :md will nat perf��mi.�ny aict ihae �ti�t�utd f
<br /> ' ' • ' � prcvent Lender from cxercising its rights undcr Ihi�P�uagraph 16.
<br /> • . ' Lender sh:�l nul be rcyuired tv cntet upun.t:►Gr cuntrol ��f or m•rintain the Prnperty hcti�tc ur aftrr�;iving n��tice of�
<br /> - � - -- bteach tn Iiorr�tti•et. However:l.endcr or a�udiciatty appuintrd tecciver tnay du,o at:�tiy �i�nc there i�a breach. .\ny - •_ - - _
<br /> - - . .- ._ -. . �PRliration of rcnts shvll nW curc nr waivc uny defautt�r invalldatc:�ny�,thcr ri�;ht ur rcmcdy uf Len�f�;*. 'i'his assignmcm =- . _
<br /> ' --�-�•��- . rfrentc af the F�peny s1uil1 rerminate whrn thc dcM secured by thr 5rcucity In+trument iy p:�id in full. �
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