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<br /> � pytnenti.which aro refmred w in Pu��chan�e the�nww�t oP wch p�yrnonts. Any eacau
<br /> . �roouatreyuirod to p�y dl out�t�ndi�� utWar the Note md Ihit Security 6uuumeat�11 be p�id w die p�tity
<br /> {eNlly eiWtled tL�teto.
<br /> + i. [�ip. Lender nuy cdbct fas uKl char�a wtt�odzed by the Socreuu�►•.
<br /> !. OtYw�far���
<br /> (�)Dctwib L.a�dar m�y,except a�limitod by re�ulations issued by t1M SaomtuY in tha c�ue ot p�yma�t defiult�,
<br /> roqulne imniediuep�ymrnt in full of all wm�securod bY�his Sacuri�y lnsltump�tt�if:
<br /> (i)Bortower defaults by failinQ to pay in full any maatfily►P�Y�S�Ikitpd,by�thi�Socurlty�atnm�t prfor
<br /> ;-f: �o or on Uw due d�te of the nvxt matthly paYment.ot
<br /> (ii)Botmwer dcfaulv by f�ilin;. for a perfod of thirty d�y�..ta peafarnl 1my ot11Pr�obUQitiow cantAined in this
<br /> '' ��h'���' vd of the
<br /> (b)Sde VYltbort CndU Approvd Le�der afwll.if pem�ined by appli�xbla law and wfth,the pdor�i�Pro
<br /> tsry �oquine immediate pryment in full of aU the cums�secured by tbiF Sacu�il�►lnWumtmtif:
<br /> �(i)Ail a put of tho�.or a beneficial intcrest in A duct owning�II or,plqt of.thp PropettY.is wW ot
<br /> utharwj�o transfeared lather �n by dcvisc or descentl by tha&�muwm,wid
<br /> (ti)Tha Ptapecty is not accupied by thc purc but rhi��har cnsdit how n�at ai�t�c4ide+aoee�. ,ia��soc�ad�noa
<br /> or. grnnix does so accupY the PhaprrtY a�
<br /> witi►�the rcquioements of the Sernetuy.
<br /> (cl Nv Waiver. Itciroumatance�accur thet would pecmil l.cnder to Toquins immadlwta pwyrnaat,in.fqll�.but�l.eadm
<br /> • daea nat require suchpaymant�,.l.ender does�wt waive ita rights with respect to subcequant evonta.
<br /> wt
<br /> . , .�.: , • (�Re�ulatioor uf HUD Sect�eterY• !n many citcumstanccs negulatjana issuad by t4R 3o�t�atatY aiUl Umit�I.endar4
<br /> . ~p` °^ y r � �lghta, in U�e casc of paymant dafuults. torcq uu+e immediate payment in full end ForealASa if nat,p�id.; Tbip
<br />� . 1�y,��;:"'.� r:' Secur�ty In�dumcnt daes not authorize eccek�ration or iorcclosute if nat p�mmined by ragulaNana af�thd SeCrat�r.
<br /> ,I ,� .•,'.�:.- ' �. ;� l41 Mort�ge Not ia:ured. Borcower agmcs�at sltould�hi:Securlty Instiume�t and tha nota eoounsd t1Mn�hp not
<br /> A�I�i
<br /> . .,{�.• . ' ;.��,t be eGgibla for insurancc under the Natfonal 1�➢uusing Mt within 8 �ttM fmm,tha
<br /> � • r : deDe hereof.l.endcr may.at ita option and notwiihstanding any�hing in Paragraph 9,requira immadlnla pAyment�in,
<br /> ,..,;' ,, • •.�_,.�, full of all sums securcd by this Security Instrumenl. A w�itten su►temem of any autharixed ogcn�oi tha Sx�rstary
<br /> , °�< � T .' ?";• dated subscquent to 8 �ollths from the date hereof,declining to insure this Secu�it2►
<br /> ;.,,�. ,
<br /> , .. ' Instrumant and the note secured�hereby,shall be deemed concluaive p�vof of such ineligibility. Nwwithctandlhg
<br /> � tha foregoing.this option may na be exercised by L.ende�when the unavailabiliry of incumnce ic solely dua ur
<br /> ';1; Lendar�failurc to remit u maxgago insurance premlum to the Secretary.
<br /> ..,r;,. � 10. Reinatstemen� Borrower has a right to be reinswted if l.ender hac�equir�ed imm�liate paymnnt in NII becAUSa
<br /> . of Bamwerk failure to pay an amount due unde�the•Nwe or this Security Instrument. This �ight opplias eve.m aRer
<br /> forcclosure proccedings are instituted. To rcinstate thc Security Inatrument, Borrower shall lendar in a lump sum all
<br /> amuunts�equined to•bnng Bomower's account cumnt including,to�hc extent ihey arie obligotionc of&ttrowor under this
<br /> — 5ecurity inswmant.favciv�urc cw�,��3 reasana�and rusiomasy stsomeys'fees sstd eapes�s ptuprtl;ass!►ciated wi�h
<br /> . tl� foreclasw+e proceeding. Upon neinswtemem by Bomower,this Securi�y Instrument and the obligadon�that it secums
<br /> � • ,, shall remain in effect ax if I.endar had not re9uired immediate pa;nment in full. Nowever.Lender ia not rcqui�d to k
<br /> a
<br /> ,,, .;,,;-:,, ' ' reinstotamam iE (i) I.endctr hav xcepted nemstatement after the commencemem of fareclasu� prooeedings with n•I���a
<br /> d
<br /> . year.+ immadintsly preceding the commencement of u current foreclowne proceeding. (ii) reinstutamant v►nll preclude
<br /> � farclosure on different grounds in�he fuw�,or liii)reinstulement will�dve�seSy affect the prioriry of tlre lian traated by 1,:
<br /> � . �hiR Securiry In�trumant. •'
<br /> 11. Botrower Not Released; �orbearance bv l.ender :Vat a Waiver. Extension of tt�a time of payment ar
<br /> ��• modificalion of amonizution of the sum�secured by this Securiry In4trument gramed by l.ender m any successor m interest
<br /> of Bwrower shull mu opera�e to releo.�e the liubiliiy vf�he oriEinaO Borrower or Bnrrower's tiuccessar in inlerest. Lender
<br /> �'� � � shall not be requi�d to commence proceedings ngamyt anv aucce:aor in in�erest ar refuse to eatcsnd time fuc�►ayment or
<br /> �, - ahenvise modify amoKi�ation of the sums secun�d by �hia Security In�trument by reuson of any demand�nde by the
<br /> � . � original &�nuwer or Bartower c zuccessors in intercs�. Any forbearance by Lender in exercising uny dght ar remrdy shall ;
<br /> �•.�• : " � mN be a waiver of or precluda the cxerciu:of any righ�or remedy.
<br /> 12. Successors and Assisne Bound; Joint and Severat Liabilily;CaSigncrs. Ti� covenants and agreementss of
<br /> , thfR Sacurely Inr�trum�nt ahall bind ond t►enefit ihe su�:ce,uirs;und a.sign,of L.cnJur:u�d BoRUw�er,subject to the provicivas
<br /> _ of pamgmph 9.h. Bum�wcr�covrnantr�and aFreememh .hull hc joint :+rxl .evcr�l. Any Boirower who co-s�gns Ihis
<br /> Sacud�y(n�tnimantbw does n�t execute�h�Note: (al i+ro•signmg thir.Security In.tnimem only to mortgage,grant nnd
<br /> cunv�y lBal Burruwvi i.intcir,t in Ihc Property�unJcr thc tcrm�of this Srcurir:!n>.tn+mrnt;(h?i�not persc►n�lly ohligntrd to _
<br /> • ' poy Q�e wmti,crureJ by�hi�Sc�uri�v Intiirumem:and Icl ogrcr��hut l.cnder and uny olher Bum��vcr muy u�ree to extend.
<br /> '�'��' modil'y.forbear ur make uny accommoda�inn.with r�guni to the�rrm.uf Ihi�Serurity h�Mnimunt or�he N�le without that .'
<br /> ` Bortvwcr'r:comenl. �fi-
<br /> '�''"' 13. Notices. Any noticr to B�ttr��wcr provided fur in�hir.Securi�y Inrwnnnt.hull bc given by delivering it or by
<br /> muiling N by fir.t clu,+muil unlr..upplirublu law Ryuin:r ur��if unnthcr meth�xl. The noli�e +hall he ditected to the
<br /> Z ; . `` Roperty Addre..ur uny other udJre�.Burrn���cT�k�i�tnatu.by no�ice�o Lcnder. Anv nniir�to Ixnder.hall be given by
<br /> fitxt clu�• mnil ro l.endcr;adJm.� +�atrJ hentin ur any aJdn�� Lrndcr dr.i�tnti�r.by nniire�o BoROa�er. Any notice �
<br /> �I i� Pro��ided fur in thi�;Securiry Inr.miment.hull lx dcemcd lo huvc 1►►cn�:iven tu{3�im�a�cr iir Lendur When given s�s provided •+
<br /> � , in th{►�paragruph.
<br /> ' s 14. (:overnina Law•;tie��erAbilitv. Thi.Security In.trumen�.hall tx g����emrJ hy FeJerul li�w:uid thc law�of the
<br /> � jurizdictian in���hi�h Ihe Pro�ny iti kkated. In Ihc rvrnt thut any�prne��i�m ur cluuk af ddr.Securi�y In.trument or the '
<br /> 1 �' �• Nnte conllict.wilh uppliruMc lau. wnc�onflict .hull noi a(1'er�oihcr pru�•+�;�mr of Ihir.Se.unty Inruumenl or the Nrne •t
<br /> �ui:.. ' .� � , �;,r,�. which r:m be Eivrn eftert e•ithuut�hr runtl�cting pruvi,inn. 1ii d�iti enJ thr pm�•i,iun+.�►1 ihiN Scrurity In�.trument and INe
<br /> ::: '. .'•.' • Nn�a an�dcclarcd W tx�cvcraMr. �
<br /> :=`?r ':�•�: :��� 1S. &►rrower's Copy. Borro.ver.hall ix Z�i��en i►m c�mtinmrd rupy�of�hir.Sc�•uri��h�earumrnt. !:•,
<br /> `��?: � ,',i"';. I6. Assi gnment oi Rent�. Bum��v�r unconJi�iuna�lly a�•ie!ar and Iramtun a►Lrndrr all thc n:nts und nevcnue+of the
<br /> `."` Proprny. Bortowcr authurim�LenJer ur Lcndrr'.aucm+to cofl�rt tlir rcntr.anJ ru�•enur�and herrb��directs each tenant of
<br /> � ..
<br /> ...:r�•..
<br /> ; : the Propeny to poy the rems ta l.cnJcr or Lender�aernt�. H.n��rvcr,priur a►I.a:ndcr�notic�e iu &xrower of Borrowerti i
<br /> � ! :';� •, breach of any c�n•enant or agnYmcnt in tlx Srcurii�tmtnimen�.&ttmwer�hull roUt•ri und R��e�ve all nnt.and rcvenue,of ��
<br /> ��C: , I,>',•, ' �he Property as tru.ter tix thc hrnrli�uf'Lendcr and Hum����er. Thi�a•.i�nmrnt of rrmr�cnn.iitute.an aMulutr;u.ignn�nt
<br /> nnd not ar�a.signmcm for additinnal xruri�y only. �"
<br /> � �_ • If Lender�ivc�notice of brrach w Nnrm��•rr: 1 a 1 ull rcmr.re:tived M�Num���•cr rhull br hrlJ by Borrower a.auvc�
<br /> _a. .�_ ...a 1... .1._ C... 1...�.. ..�� �HI 1.,m1..r�6n11 M..Nitivd In
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<br /> _ .� �_ _ __..r;.. . ior oenc6�oi i.rmirr iniiy �. t�� _ ....�.. :...... ..� .�.. .... .. . ...�......... .... __.__. .. -- •--...-- � -
<br /> . 1\I�IC Y I IIL4 l\)IIM1 +Y���•
<br /> . collccl tutd receivc all of thc rent+uf thr Property;and Irl rach trnum uf thr 1'mperty tih�ll p•ry all rent,duc and unpnid�o •
<br /> � ��. Lender or Lender i agem on Lender:wrinrn demand tu�he tcnunt.
<br /> Boirower hu,not executrd uny pricx u..i�;nment uf�he rcnt+und hs.nnl and w•ill n�H pertbtm uny :Kt thnt w•cwld �
<br /> � ' �• prcvent I.endcr from excrci�ing it�right+under thi�P.u~rgraph I6. �
<br /> � : Lender shnll not be reyuircd to cnter upun,IaJcr rontn�l of or muinwin ihe f'nqxn)t+cti►re or afler giving nWire uf i
<br /> ; '_ , ` ~ brcnch to B�rn►wrr. However, Lender ar a judicially ap�wintcvi ncciver m•ry do.0 ar. any tim��hrre i.a breach. Any ,
<br /> application of rentti�hnll nW cure or waive uny default or�m•ali�iate any u�hcr nght ur�rmrdy��f l.ender. Thi�a..i�;nmrnt
<br /> ` � of rents of the Property+hnU tcrminwe whcn Ihe debt.c�ur�Kl by Ihc Srcuril�•In.trumrnl n paiJ in 1'ull. ,
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