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<br /> '-:y . , PaYmrnts,�wluch aze refen+ed w in 2,or ct�age the amount af suc�payments. My excess pmcxeds we;m�t„
<br /> t,� amount�equind Eo pay all�tandingpu��uider d�e Note aad this Secunty[nst�umeat shall 6e patd to the enp�;t.
<br /> ::� , [egaUY entiikd tl�eiero. . . .
<br /> — x 8. Fas l.ender may oollect fexs aad�harBes authariud by the Seciet�ry.
<br /> - 9 Gra�ds for Accekr�tioo of Debt. .
<br /> � (s)Defiuk. Lende�r may,except as fimited by regulations issaed Dy the SeccetarY in the case oi paymtnt defa�..
<br /> �` tequime immedisu payment in fuU of all sams secu�d by d►is Security L�sttttrt�ent if: :
<br /> s -- (7 Botmwer defatitis by Eail'mg ta pay ia full any monihlY Paymeat rc�1��Y�S����Df��� ___ ..._.__
<br /> � ; ' to ar on the due dIIte of the ne�u monthly payrtteat,or • �
<br /> yrtte
<br /> (u)Bomawer defaults by faliag.fac�a pedod o�thiny days.to perfortn any otl�es o6ligatiaa�contained iq��h�r --
<br />_ � $avsity It15tr1ulltnt �
<br /> (b)Sate i�Y�fMoat Cred�t APProval. Lender shaU,if permitted DY aPPlicable!aw and with the prios appioval P€,fJt�
<br /> �ry,�e ssnmediate pay�nent in fiill nf all the sums secum.ct by this Secwity Insnvment i� � —
<br /> `_:;a ii}All ar part of the Ptoperty.or a 6eneficial interest in a aust owning aU ar part of tix.PrapectY.is s�ot: �_e
<br /> � �'. attterv�tise transfcried(other than by devise or descent)by the Bormwer.and '
<br /> (v)7'he propeity is noc occupi�by tue pu�haser or g�antee as his ar her pcincipal residence.o�the pta�r.
<br /> -- ``�`��:-="�• or grantee dces so occugY the ProPenY but his or der credit has nat 6een approved in acco�#ance �:�__ _.._
<br /> � ' -- with the requuements of the Secnetary. --- --
<br /> - (c)No Waivtr. if cinwnstances occur that would permit l.ender to cequir+e imt�tediate payment in fall.but i..�t►d�?t. ��=—___—
<br /> -- . dces not requi:e such payments.Lcnder does not waive its rigt�ts witli nespect to subsequent events. _� _
<br /> = e
<br />. A�. (d)Reaalatioas af HIJD Secretuy. In many circumstances regulations issued by the Secretary will limit I.P�Qer's �_�;-
<br /> righis,in the case of payment defaults.to requse unmediate payment in fnll and foreclose if npi paid,t. T�i� �'°`-
<br /> , ��� , Secunty lnstrument daes aot authorize accetera�i or focectosuie�f noc permitted 6y rcgulations of the Seem,taliy.,
<br /> {e}Mortg�9ge Nat Insured. Borrawer ag�ees t�'shonld ttus Security instrament and the uptg sec�tced thet�$y not• ��'.�"
<br /> i���;`=1', , be etigibte for imsurance under the National .�H'{,--'�ig Act within 8 mon�l�s ; :"- .-� �!rti th� % =-
<br /> ,� ,:.
<br /> �'.�:u.,T,,.. � date hereof.Lender�ay.ai its option and aeiru�ifra�-dinS�Y�B��S�P �9ui�=�Payq'�r►t in t --�; -
<br /> _ �� � � fuA of all sums�ss::'ed by this Securitx Ia�virn�=:':�written statement of any authorined agent of tfre.Se,�qtary ; "=:�'� ;
<br /> ;. F. '..', ,� � �. . dated subsaque�;t 1�,� e mont hs J�:�;:'` ' from the date hemof.declining to inswe this S�auri!►Y '� . ,.h� . .<
<br />. �:��_: .....:' ' s`
<br /> ; .•. . ]ttstmment and the nate secvred theneby.shaii be�deerded cr.¢clusive proof o�i such ineGg�'6ility. Notwith�n�in� '.' �� ?ti-^
<br /> , r_ .°T;,�°
<br /> ���, �: the foregoing,this option may nor be exerzised by Lender when the unavailability of insurance is solet�;due to rj , :
<br /> . °;•, . , Lender's failure t�m�it a mortgage insuraace��nium to the.Secretary. ���r h i�
<br /> . � � .�
<br /> ��:� 1 4 R e i n s t a t e m e�4� �s r r o w e r h a s a ri g h t t a B e r a�stated if Lender has m quired immediaze payment in fult��Catt�e �:1'.�,•�
<br /> .h'. � ' ` .. . .�,rt!'.��'� � .
<br /> '_;� >`''� t of Bmmarer's fai1ure tn�rs�::.an amount due undeic t,�:.Note ar this Security InsfirmenG This nghl applies even:,a f�.er �t=�r!;,:" . .�
<br /> . . . •���` :.� S`�i'��,.� �.- —
<br /> ,r � , ,,_.1�:;, . � foreclosure ptoceedings �:-e'mstituted. To reinst��:e;+iie Security Instrument,Horrower shall tender in a lump;,sarll.a[!. f, .,r,� :,f__-
<br /> � �,,, = amounts requited to bring Borrower's,,:�rm�t curre�i including,to the extent t hey are o b ligacnecs o f.Borrow e r u n d a r,t h i s
<br /> � - •. Security Insue�en�foreclosure costs��rf:c�rs,anaf�le and customary auomeys'fees and experrs�prapedy associ�d wiitl '�t ""�"'�-
<br />. � •.'` ; � � tis�foreclo�sr: : . Geeding. Upon re��.�ry�i e:.3 tiy_B o r r a w e r.t h i s S e c u r i t y lnsirument and t��c�i gadans that it;seeules +� ,.i�
<br /> G� •
<br />: ° �:;"• .. , . �all rema:r'r e�c-�fect ax.iY Lcn der ha d r;oi�e c�r.:i r�c L m�:e d ia t e p a y m e n t i n f u l l. H a w e v e r,L e a��s s n o t r e Q�i R�P g m�i t .f .•;• : :.�`
<br /> '� reir�state�„-�� (i�I.�ee3�has accepted ninst2t�u�:,after the commencement af fure¢!Q�e procee���w;t#titl.two 1 ;.:°�� _
<br />� :;r�-. ��``"— y e a r s i m*r r�:�::1y p r e�f�g the com�Yneement•�f a.current foreclosure proceats►�.t:it F��atatement R�J_;p(�clude €:,.,-= ,='-�
<br /> m.
<br /> � . ' • foreclosute�tliffere�t grounc�s in the r`:.:*ure,or(iii)reinstatement will adversely aff�.�ct rl:e f:.r.sr."'y of the lien�tCaisd By F �. '.! ��;; .
<br /> - this Security insuument • i ; � � `�;'^��'�`
<br /> 11. Borrower Not Released: For6earance by l.ender Nat a Waiver. E?ctezsivn of che time of plymcnt or f.,� ;�, f f.�:;�:�:�,
<br /> ���' modification of amortization of the sums secured by this Security ln�trument granted by Lender to any successor•tq:�ntcrest. ' ���'�'�� ' ,'�, �
<br /> ,..��!.;.,
<br /> p ;:;,. :,.., .: ,
<br /> �. •;.;fy}�u of Borrower shall not operate to relea,e the liability af the original Borrower ar B�rc�wer:s suceessor m intece� L+:(td�t i t;,'_:'."'. •
<br /> ' '''�`'I'`�'�' � � shall not be reqaired to commence proceedings agein�any successor in intecess or re�.ue to cxtend time for p���►nem+or r '". . `��
<br /> ' :�li�,i• '. .'r��.:'. , -
<br /> t b,' ;,;�';.�+� othenvise modify amortization of the sums secured by th�s Security lnstrument [sy reason rf W�x demand rs�dc b};,Ir� �, ± .,,� �
<br /> ' � � `" �� od " al Borrower or Borrower:s successors in interesG Any forbearance by Lender in exercis_��c:y rigttt or res�y s[�all. ;> - ; •;;: _�
<br />- • •-i�:'' . ' •.;;;r;:�`:; g�n 5 : ' �::�;';�. ..
<br />- ' •�,�r. �., .. . not be a waiver of or preclude the exercise af any right nr remedy. .�?,:. -
<br /> �',<����� ' . 12. Successors and Asstgns Bound;Joint aud Several I.iabiUty:CaSig,nera 7Ue=c���anu and a��em�:ts of ���
<br /> . ��l„�r��, �• ' . . chis Seeurity lnstrument shall 6ind and benefit the tiuc:ce5sors and assigns of Lender and Borro�er.subject to th�pr�visians ;
<br /> "�;;;' , of Paragraph 9.b. Borrower's covenants and agreerr.enu shaU bc joint_and �everal. At1y SOIfQWCf WIlO�::H�I�11�lFI15 ��;, ;, .
<br /> _ '•�; • �z ri t g I r�r u m c n t b u 1 d ce�not execute the Note: ta)iti co-signing this 5ecurity Instrum�t o:ly to martsag��gr�nt:u�d E �
<br />• , i,,�, . . ca*�sey tt:sBonower's•intere�t in the Property under the terms of thiti Sccurity lnstrument:(h)is a�t personal l�l�hligate d to �
<br /> -�� . a t h e si:::s s e c u r e d by t h i s S c c u r i ty I n s t r u m e n t;a n d I c)a gr ccti that,l.ender and an y othcr Horrower may ag�CC ta cxtend. i,�
<br /> �-�%;��,t- , P Y i� .
<br /> ;;•,;,, . . . mndify.forbear or make;;ny accommodations with regard to!he tcrms uf this Security Ins�rument or Ihe Nalp,a�ithput that ,
<br /> z"� Borrower's consent.
<br /> •,_;,:.:, ,
<br /> .�r,}: ��:.
<br /> '• • ' ' , 13. NoHees. Any notice ta Borrowcr pruvided for in thiti Security Imtrume^e shall be given by deliv,�ri�tg it or by
<br /> � '� :; � mailing it by first class mail unle��applica6le law rcquires u�c of:me�thcr metlYad. 7'he natice�hall he ditrcted to the ���
<br /> ' " '•�:�:�`��;� Propeny Addre�.s or any other address Borrower derignatez hy naticc tc►Lender. Any natice ta Lender tiha111 be given by � ' _
<br /> �. � �'<�=��;j: first cla5s mail to l.en�irt's addrett�tated herein ur any addre�s Lender designate+ hy nutice tv Borrow�en�.Aap notice �'I
<br /> r •-- - - ��''",` provided for in thiti 5ecurity Insttumcm�haU bc dcemed tc>have hcen givcn lu N�►rrowrr ur I.crtder whcn giv�n,���pf«vided , .
<br /> � in this parngraph.
<br /> � ` 14. (;overning L.:�w:SeverabilitY "Phi�Sc4uriiy Imtrumcni•hall hr s;i�ti cmcd by I�cdrrul la�c and.thu l�w uP the
<br /> � ' � � .�:',�;ly,., jurisdiction in which thc Roperty ir located. In thc�vem that an}�prm�i.iu�i ur clause uf thi�Security Inx,P�ment o►the ;
<br /> Notc conflicta�n•ith applicablc law..uclt�i+ntlict�hall n��t affcct othcr pru�•i�ion�ul thi.tie�:�n�y Inrtrum0.t►tnr�hc Nnte ;
<br /> � . . which car�bc givcn cff�ct without the conflicting pravi.iun. "li�thi.cnd thc pro��.iun.oi thi�S�curity ln�ttuutam and thc ;
<br /> ' Note:ue declared tc�bc�evcrahlc. • � •
<br /> . ' . l5. Bnrruwcr's Cupy. Nurco�rcr�hall hc gi�•cn onc cuntur»�rd u��y�,t�r���Sccurity In�truatcnl. !
<br /> ' . . 16. Asslgnment of Kents. Hurtu�ver uncunditiunally a"is;ii.��nd tran.tcn tc�I.cnder all the rent�:md t44rnur���1'the i
<br /> � PrapeAy. Hutrower uuthuri�c.Lcnder ur I.�nder:agrnt,ti�c„llec�thc r�nt.a�id rr�cnue�and herehy dir4ct�,c•�ich lan;mt uf .
<br /> • • the Property q+pay the mntti to Lenifer or Lender�a�;enh. Hu�EC�•er.pnor to l.endc��nutice��,(;arruarr pf.Narcower: � ,
<br /> • breach ai�ny covenaN or a�rren�ent in the Secunty lntitrument.Hurruwcr�h��ll ci,llrct:�nd rrcen•c:�11 rrm�a�ut r�+enue�„f
<br /> . � the i'roperty as trutitee fur the txnctit oi Lcudcr and Bunuarr. 'I hi.a„ignmrnl ut trnt�cun�tituA•�an ah�nldlu:��•i�;nmcnt !
<br /> . and not:u�assignment for addi�iunal.rrurit}•�+nly. !
<br /> ' • If Lender give.nutire vf hrrach tu Hum���cr. �a►all�entti rrcci�ed hv Hu�r����cr.Mall hr Itcld h}liun4t�.�er a.tru+tec � ,
<br /> . for t►eneiit�f Lender unly.cv be :tprliid t��thc�uttlr ti�cur��)Iw• Ih�tieciiniy lu,uumcnl: �hl Lcndrr�h,diil+l�rnlitl�d u� :
<br /> - . wflrct and recei�•e all of�he rentti ot�the('ruprn}•: and�c►rach ten:tm„f thr Pruperfy.6alt pa} .�11 r�nt+dita�and unpaid to ,
<br /> Lender or Lcn�lrr's agcnt�m,Lender:�critten dcmand t��thc tcnant. •
<br /> � . . B��rrowcr h:�ti nat executed any privr a��igna�rm i,l'ihc reut�:uuf h.i, nol .mtf«dl uut p:rfe,rtn.ui}�,uct that �su�ild,
<br /> . prevent Lcndcr fram rxerri�ing it�right�midcr thi�I'aragraph tb.
<br /> . Len�fer.hall nut bc rcyuircd to rnur upc,n.taAc cuntrol uF ur ntainl.uu thr 1'ropc ny h:fur►:�,r aftcr�iuin�t n��tuc uf
<br /> ' hreach to$orruwer. Hvwcver,l,c:ndcr ur u le�diciall} appomtcd rccc��rr�nay do Sv at any time Ilttrc i�u htca.h. :\ny _
<br /> -� __-.. ' .
<br /> - _ ` ' � • application of rent�shall not cure ur tv:tive;my default or invaltdate:uty nthet tt�ht��t rcmccl�`at t.cncfcr. �i'hiy ucsigamcnc _
<br /> ,.----- �- --- — .
<br /> . _
<br /> of rents of tiie Pruprriy.i�atl terminatc when t#a.dc�+e�cs�r.r�3:�e thr Sceuriet lixs��eten�t<p�c!in tall. . _ . __ __
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<br /> � . � s . ipt72e'?.,fJ��.11rv
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