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<br /> _ . _ . . � � �. 91� ��s�99
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<br /> 1�+1��h wlaicn,�e refen�a�o in Pi�.ar cha�tbc araoucstt ai such paymencs. any escas pcoceeds ovar em .
<br /> _ �noo�tt_�rC'�d��11 o�4anding' a�ss�wder tt�r Natc aar!ihis Security Insuument aball bq pdd tn t6e.a�q�tY
<br /> � �en�i
<br /> Fea. I�dcr cn�y ca(kce t2es aaS1 cl�rges ant�izsd by tDe Sxnu�rY• . ' . , .
<br /> ! Ce�s iar Aaekrst�d�t. � , �
<br /> — . - (�)Dda�it. L.ender may.eacept�s 1uAited DS►�ons issuod by tlue Secretary in tbe cese of payment dcGwtts.
<br /> . teqnirt imaxd'eate paYmcnt in fu9!of all sums savtcd Dy ttris 5eeutisy ituttument if:
<br /> (�)&xrower defautts Ey failing co psy in full uny monthly payment ca�uimf dy this Security fnsuu�t pri�r
<br /> - -- - tooratlhe�ue dpte cff the aeat r��itty�►Stytrac�t.os -
<br /> _ _— ' (ii)Baav��er defauIts by failing,ftn a period Af thirty days,w perfam any other obligatians ca�ntained�ia thia �
<br /> _�4 (bl Sdis W�Ao�t t.'redit ApprovaL [.ender shaq.if pemumed by appplicable!aw anQ witli efie prior apprai+al of the .
<br /> ----: Sec[et�ry,iociuire immediau paymept in full of all the swns seculsd Dy this Sec°uriry Instr�ment if: ' � .
<br />-_�= ti)Alt ar part oF the Pt�opGtty.or a ben�fNCial inurest1i„n,s tmsi awning a11 tx par�of the ProportyY is sa�or
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<br />_ (11)�C�i1Y IS[Wl OC�ilp I�1G���S fi111 �IIS��f�CRdII �1S AOI bCCft 3[�[4YCd tJt �'[dif10C �
<br /> OT $f�U� dOCS 50 OCCIiPS� �F�rtY
<br /> Wlt�f11C ICQW1lRIEAIS Of thC SCCfG13tSI- t tif ftll�.bUi j.dIQCC
<br /> -�,- (c)No Wsive� If ci�umstances occur that�rould pemat[.ender ro nquire immedi�te p�ynxn "
<br /> _,�. das not s�equire suchpaY��•1.��does rtat wa�ve its rights wieh cespect to subsa�eat events.
<br /> ,� .,f (d)Re�nlat�s d H U D Se�br9• !�►manY circumstances cegulatians issue�by the Sa�etary wt!!Iimii Leader's
<br /> ~.L ag�tts.in the case of payment defaultv. to re�uire immediate payment in full s�md foreclose if not d. 7bis
<br /> n
<br /> ; , Secarity Instnunent does not auRhorize socekrauon or fut+ectosure tf aot pem►itted 5y nB��of t6e�•
<br /> - (e)Mort�e Nat I�ucM. Bbrrower ag�es that shoWd this Secuciry Luu�mient a�tDe note soaatd theiebY uot
<br /> : .�' 6e elig�'ble far iaswac�e under the Natimtat Housing Act withu► 90 DAYS �� -
<br /> date her�eaf.Lender may,at its option and notariihstanding anyl�hing in Patagraph 9.require�immediate paYt[f�pt'sp
<br /> . faU of all sums secured by this Setvriry.Instn�ment. A arriva►stateaient of any audwrized agerrt af tlfe Seccetary ---
<br /> , dated subseqnent to 90 DAYS trom tlte date heleof,declining to ins�ue t3tis Scc�airy ��„�-
<br /> �.:'. instnunsitt�end the nate secured t!►erehy,shall 6e deemed concIusive proof of such inefigi6ility. Notwithstanding _ ,
<br /> .. _ the foregoing,tius aption may not be exe�rised by E.ender when tUe:unavaitahiliry of insutance is solely due w -=-:=�T
<br />_ :.��,:,__,-
<br /> I.ender's faiIuie to�emit a mortgage insurance pmmiwr�to the Seccetary. �:%��-•�,,,
<br /> - 1R Keim�tateaKn� Barrower has a dght to be rc�nscatr�-if l.ender t�as requined inunediate payrt�cnt in fuA beaause ;:tr;:�_:-
<br />` of Baimwer's failure Eo pay an amaunt dus vnder the-Nate or this Securiry Insuumen� Tbis right appf�es even after �=i i� r�
<br /> ? foreclosure praxedings ate instituted. '!b reinstate the Security Insuurrten� Borrower shall tender in a Iump sum all '�'��
<br /> • ,r.,;�.
<br /> � � '-��, � amoants regui�ed to bru�g Boaowec's account c�tent including.to the extent they are o6ligations of Borrower undzr lhis '-• �••-•
<br /> ' ��f==�: Seeurity Ittstrumenl,fomciasare costs and reasonable and cc��tomary.�ttomeys'fees and expenses pmpecly assaeiated with ��u:;�
<br />. . ''rL,Jf . . .,�_�.,.,,,....
<br /> -..,?:.�� : : the fon.ctasure proceeding. 1Jpart ceinstatement 6y 8ar�av��ec.this Security Instrumeat and the obl�gadans that it�r,eaues
<br /> ' ' ' a,�:��• sha�l.a�c�n,�in in effect as�f LxnderC�not required immedi�t�payment in full. tloweveT I.ender is not regnired to�emiit -.��:�-
<br /> `i �'��=�.,` ; • n;is�ta�rr�ent if: (i)I.euder has arcepted reinstatement after the commencemeni of farectosure proceedings.with�.t*+ca _ .,� .�
<br /> r �:� �:.._._. . . ..:
<br />'�,.;• ;.. �:� � • yea�s immediately preceding the commencemsic af a current foreclosute�oceeding. (ii) reinstatement wilt p�tYrde � .
<br /> '� �?"� :" faiectosure on differeet graunds in ahe future.ar liii)reinstatement wiU ad�e�s�ly affect the priority of the lien ccrat�d by
<br /> ;�'�� —
<br /> ;' 'r� this Securiry lnsuum�r:s. ��•• �-
<br /> ., .: :
<br /> • r �� - - il. Borrower Not Released; ForbearaQCe by Leader Not a Waiver. Excension of the cime of pay�aeut or �_�
<br /> � ��- =.�•...,: modification of amonization of the sums secltted by tbis Security innrument granted by[xnder to any successor m irrte:est � �� ._:F�-
<br /> � - , t��•: . o f Borroaer s h a l l no t opera te to rc le a se t h e l i a�i t i t y o f t h e o ri g i n a l B o r r o w e r o r B o r r o w e r's s u c c e ss o r m in t eres�t. I.ender , ''���
<br /> �•� •�. �,:_,�. . shaU not be required to commence praceeding��ains�any successor in interest or refuse to extend time for p a y mcnt ar . ��"t�-
<br /> �""°`� ' othetwise modify amortization of the sums secucad by this Security Instrument by reason oY any demand m a de by the � �'-`'_ _
<br /> �"Y� ' original$orrower or Botrower's successors in irteYest. Any forbearance by l.ender in exenising any right os remedy shal) '•r
<br /> .�,; ' not be a waiver of or preclude ihe exercise of any right or re►s�edy. � �`�-���
<br /> . ',j"���• �Z. Sucassors and Ass�8aund;Joint and Secc�al�.iability;Co-Signer�. The cavenants and agreemc�ts of � �• � - . �;�sy:
<br /> l�"�� thisSc7:�rity la5uument sha111si�d srrd benefit�h c~uc ce s s o r s u n d a s s ig n s o f l.e n d c r an d B c m ower,subject to the provE�%aas � :�
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<br /> i�.:u;�'•�' � of F�ar.3graph 9.b. Borrower's cavenants and agreemcnts shall be joint and �everal. Aoy Borrawer who co-s�gns:his .. � _•4��.
<br /> � ;% ``� :. Seenrity Insttument but does not exeeute the ilote: (a)is ca-si in this Securit lnstrument oN to mort a e. t and � "{_?
<br /> ��4' '�"�� ;;. b'n € Y Y S S b'� , x��
<br /> . - ; cor,yey that Borrower:s interest in the Property ur�3er the terms af this 5ecurity Instrument:(b)is not per.+onally obligated to �•�:''
<br /> ' ' -* pay tlt.@ sums secured by this 5e.�dn ln�tn;nter�:s and(c)agrees that Lender and any oGhet 8orrawer may 3gree ta exs:nd, � ... �. `J�s'�
<br /> ""'`�":F°� rrtod��,fotbear or make any acc«� �«o�:ia:,t with rcgard to Ihc termy af this Security irt,�ment or ihe Note withaut'n�iat . ���•'?�f;,:�-;_��-�-
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<br /> �_ �- • � •• 13. Notkrs. Any nmice to B�jrrac�ec frovided for in�his Secutity Ir.s!rument shal6 fie given by deliverins ie r�by ;:'`x�!', _,.
<br /> � � .?. .� mailing lt by first class mail un1ess apcZ�cablt �aw reyuires u�e af anothe>m�ethod. The notice shall be directed to the . "�;���
<br /> ..�- ,. '. Praperty Address or any olher address Borm��er designates by notice to Lc�;Ger. Any notice to Lender shall be given by , � .
<br /> '3 �{.�'� . • �ir_�clas.a mail to Lender's address stated-tiv�t�r,or any addresc Lender de�ignates hl ��otirc to Ban'nwer. An��.��s3�ice .�;.;�: ,
<br /> •?�• S:�,^�� ` gn:ri+z:d for in this Security Instrum�;�t sha(1 be deemed tn ha�•o becn given to Bnrrowcr c�r}.,endcr when given as pra�ided � �`� �
<br /> . .. . � '�+:.:. in t�s paragruph. ;��r;l.
<br /> � .' � . 14. Govetming Law;Se«rability. Tt�ic Security lnstn.;nem,haii t�e fiovemed r:y Fedcral law and the law o�the f � '��'`
<br /> � .�('� � ' . jurisdiction in which the Properiy is lacated. 1:��he event ihat�iny pro�i<ioi:or clautic af thi�5ecurity Instrument nr the �
<br /> • • '• � Note eonfliets aith;:,p litabte law,sueh conflict.hall nn1 affect��ih:r qr;,�.r�itms ctif thiy Security lnrtrurtient ar ihe Nate E -
<br /> ' ' which can he giv,;n effect withaut t'te canflicti��pruvi,ian. 'fu thi�cnd t'.�:4�ravi�inns af'this Sccurity Imtrument and the ' .
<br /> ;,;�;",;;;•:" Notc ara declated tn t+c severable. I '
<br /> . � ,'�::,;. , !S. $orrower's Copy. Harn>r,cr shal)he�iveu unc conG;.rictt!copy e�f thiy Scruril� lr�:trument. f ,
<br /> f6. Assignment uP Rents. i3,��ra�ti•er unconditian.dly as�igm and han•fcr.ti�Ixndc;r:it{the rentti:�nd revenues at',he � . ,
<br /> � PropeAy. Barrov�er amh��rize�L,tnQer ur i.endet�ai�cnt.to colleet the«nt4 and revenues z�c1 hcreby direct�each te,T,4,�t ef I '
<br /> . tho Froperty to prst�thc rent�t�lAndec or f�ndrr�.agent�. H��wcvcr. prir.s tc�Lcndcr�nc�lice tu Aor:�a:ver�f gonoc.er4
<br /> '. �� br�nch�i any cocc:ra�nt or agreecyent in si:c��iur.fy Imtrument.Borrower�I�;:{i calleet:�nc3 r:ccivc all c:ntti and r:�r`P:iBb of �
<br /> . , ,.. tA�tht!�eny ac tru�tee fvr the hcr�:tii of I.enGrr and ilarrow•cr. "Phi�a>�i,;nmem�,f rintti cail�titutec an uh�olute as�ig�m�:m .
<br /> � ' . . � . , andn�3tun aysi�nment for add'.ti�inat scruriry unly. � . '
<br />. ' • � � 3f Lender gives nutice nf brrach tc+Burrotivrr. (a>all rentc reccirrd by Kor:n�:�-r�b:ilt'yc hel�l hy Bnrrower as�iv,tee '
<br />� . . .. . . . for bene�t of Lender��nly,tu be applirJ tu the �ums�ecured hy the Sct:.:ra> ;:i�ir_cr�a�t'tM Lender�hall Ix:er.:i::ed tn i • •
<br /> ' cullcct:u�d reccive aU of tLe rrnt.uf the F'ro�tty:and(cl cach tcnant E,1:'.e Y:��perly+hall k,ay�all r�nt�duc and ur.paid ta j
<br /> . - •• - � Lender nr Lender:,srent on Lcmtct�+�rittcu dcmand t���h�teaiml. �
<br /> , $uttawer has n��t executed any priar a,+�rnt��eni uf the tcnt�a�tci ha�nE�t.�nd will nat perf��mi any act Ih��t.uuuld '
<br /> � . . ptevint Lcnder from exetci�inF i1s nght�under thi.Y��ragraph 16.
<br /> • l.e��der strall not br rryuire0 tn enter��p��n,take r��nuut nf or m.nNain�he F'rupeny heforc ��r aftcr�:iving iti:7re��f ;
<br /> � _ . - - - hreuch m Snrruwer. H�uev�r.Lend�r iu a jucii��ally appuinuvl ntirivcr nus�dt.su:if :u�u titnc thcre i�a breach. Any . . _
<br /> apptication c�1�rents tih�ill a�,t cure or waive any default M mv:dtdatc any uiner righ�or rcmeciv of EAUdcr. `:ii.a�.igti7��ni � -
<br /> of rents t�f the i'raperty�hall temiinatc�rhen the Qeh�•c�:ttted h}�thc Sccutity Intitrumrnt i�paid in full.
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