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<br /> - PaYm�ntS.whid�'a�e nferjerf.ta a��4��r��o=cl�ange ths antount af such payment�. Aay e�ccess ptoceed4 ovu an
<br /> _ , airtamt�ui�;ta pay al!a�qrt��' ss urWer t�Kate and this Seciuity[nsmunent slwiT be paid to thc entiry
<br /> _ ieg�It enmled ttieemtc� : ` :
<br /> _ �Fee�. Le�nde*may co�S:a�a�t acx�Lhargrs wtharized�y tde Serntary.
<br /> 9 Gevs�NpfocAraiee�a�t�FD�t. .
<br /> (a)Dd�l�lt. i.a�der m�y,���.s lits�d Ey r'eBWations issued bg the Secretary in the.case af payment defaults.
<br /> . - �equine�mmediatep�Ycrct�{d�fuCf of a11 sums secured by this Scsurity Iastrument if: •
<br /> _ (i}.�wes defiuG�b��f�ilinS to PaY in full any monthlY paYmenc req�amd 6y this Security instnumeae P�ia _
<br /> _ = to�+r on the dve d�te d.E�'t'be next monthly paymtn�or
<br /> (iir.�arovrrer defuilt�16�;y faiting.fot a penod of ttu�ty days,'to parform any othe�abligations cnntained in this
<br />= Sa�rt�c�instctu�ur.�:° .` `
<br />== (b)SsIG� i Ce�it.A�pmf91. Lender shall.i�Pzrmitud bY aPP.lisa62e law and with tJt�prior apQmva!of tt►e
<br /> `-�' ��Y,���PaSznent in fuU oF aU the sums sa�cd by ibis Secuiiry U�swmu►t if_ .
<br /> s�:�:� .ss sald or
<br /> (i}`.�1,tt or p�rt o£tt+e Pf�pe�ar a l�eneficial interest en a trn�t awn�sg all ar pa�t of the Ptvperty .
<br /> -z';w o�xrwise�sf�r�i�t�r by dtvise or�t)6y the Bomzwec and �
<br /> ` Eji1'fhe P�u�ersy.�s ar�..00wpiod by thc p�u,cbaser or grantee as his nr heF principal cesidence.ar the pu�has�r
<br /> >`: _ . or�:grnntee d�es sc�.,�ccupy tha Ptvperty bnt tns or her ccedit 6as nac been appnoved in accatdance
<br />,:,i,::;,; wiihthe requirsatteac3�uf11s�cS�e�y- �
<br /> , ,,,,i — --
<br /> ::;=,:.i�. (c)N�Wsi�er. [i,circisnfi-tanc�ea occur that woald permit t�ender to requue immediatc paymenE in fWl.but Laider
<br /> ``�-'�°�;? das AW te�Wite suciep�Yc�ien�s,,Lender dc�es not waive its ri�hts with�especc ro subsequent evrnts. ��
<br /> : '�` ' (d)Ri�ttioas ot BU[1 SecrWs�l• In many circumstancea cegWaaians issued by the S�ary wdl iimit Lender S .. �_:--
<br /> - rigtusi•in ti�e c�e a£:pa�rneru defauIts. to reqaue immediate payment in fiill and fomlose if rwt paid. 'D�is •_�--_—
<br /> . � �--.t Secanty Tnsutu�en�daes so�autttorize acceterariaa4r foncIosure�f na pecmitted by regutations of the SeQetaqr. �;��._-
<br /> ' � y�' (e)M�irtpgc Not It�n.'r�i. Boriuwer ag�ees tt�stiould this Securiry L�strument and thc aae secure�Were6y nat , --"`W°
<br /> 'from tb�, ^�.�-:
<br /> . .�: • , Ge te for insurJrtce��nder ti�National H�sing Act v�rithin . --_
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<br /> �� _8_mO� S r -�c•`=:_—
<br /> �;; , dsoe��"irreof,Lendor may��;at its aption and notwithstandin8 an�g ur r�a�ap������l�Y��
<br /> � .;�.i=_
<br /> � f�E iif;aU snms socus+tt'!biy this S�curitY Instmmen� A writteu�'af.�nny authorized agent of t1�:Ser�+etsty : ,.:--y__
<br /> �` � dazed"su6sequecsc ro� �S mapt hs fram the date�teof,declining to insure thi.�Secttriry ` _� -
<br /> - • in�ent and eh�nate:securea thereby.shalt be deemed conclusive proaE af such ineligiisiliry. Natv�isfistanding � �_
<br /> ..,y�:: . _ ,,
<br /> ::•�� --���.-�:. the�uzego9ng.this o�taYt rnaY not be execcised by[.ender when the tmavailability a f insurartce as so le ty d u�t b-�.-. �.�.?�.-..._.
<br /> ,;.�:;;:.
<br /> `;,�,� � :.�y ,. �'�', I.ender�fai1�to cerui,tia nwrtgaSe insurance pcemium to the Seccetary. � ``.;; =�
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<br /> `, ��•;;_ . 10. 1tei�tetneM: Bce�wer has a right to be reinstated if Lender has requiied immediate payment in full 6ecause ;;.
<br /> of Borraaer��failuce to payc;aF�amount due under the•Note or this Seeurity tastrument This nght_applieg even afcer >�. '_��
<br /> � foreclosune p�ac�eeding�are �tdituted. To reinstate the Securiry Iastnrmen�. Borrower shall tender m a lump sum ul! 's� �:'_""�'
<br /> ' amounts requved to 6nng Bcesawer's account curtent including.to the extent t hey are o 6 tigations o f Banowc�t�a d e r i h i s ;'.' .
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<br /> :,,.�;,;;.; _ ,� ��;.`< Security Inst�umer►�forectasun�costs aa,d�onabte and customar�r.attomeys'fees and eupenses properly assa�iated.with :�r � �`
<br /> •::?::�.� the forectas:�re pmceed3ng. Upoa rein.�.ment by Bomawer.tbis Sa.urity Instrument and the a�iigations thai it secures . = � >*^ .�
<br /> ::;;f;:;;; ` �=-=:.• shall remai.�;in effect as i�U�rider had iv.t�uiced�mmediate paym��n fuU. However,Leadcris not cequired to permit . - ,�
<br /> �' ��'�'� :�'��' - reinstatement if: (i)U..nder:te�s accepteA remstatement afier the a-�eacement�f foreclosu:e proceedin�s,�±uh.i2T�a �::::?;`�. ' �-:�
<br />• � ""`�'��'i }ears immediately precedin�:.the commencement a f a current foreclosure pra�i:-�g. f�) ��wtemerrt wc1l-Fi�c.ude t�.���,- f
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<br /> � .' � � "•:.�°�: r forect�osure en differenr. stsr'�.�in the future.ar(iiil reinstatement will adverselv:rl�.ct the riori of che tie.acreated �.,,.
<br /> • , :� ,-- ;_, . � , e , P tY b!+ �,....t1;�.
<br /> '' this u�j L�ss�umec.r.�. c'�:f °:
<br />. ..ir�,�.� � ��.�SKj.��: �::';'/ :+ �
<br /> l�l, l�• 'cr.m�ver 1�Iet;Released: Ea�bearance b�+ Lender Atct a Waiver. Extension of the time of payment or E .
<br /> '�:°'':':� � '- � �• •' modificati�of amortiaatinr�nf the surs:s secured by tMs Secumy LY�,c�sment granted 6y Lender to any successos in int� �•rr
<br />,%`�, �',,.� of Borrowe�shall not�o�:r�tc to celease the liability of the original$orrower or Borrower's successar m interest Lender ;,. : ,
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<br />:;;,,, °��-� shall not be required�c cammence proceedings agamsi�^.y successor in interest ar refuse ta eatend time for payment or �,: ,�.,,_:�_
<br />- �Jr��'� • otherwise madify amortear,nan of the sums secured tn: c.�:s Security Inswment by reason of any demand msuie by'the ; �:;
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<br /> : �:•�S � • original Barrower ar Barrc�v.cr:s successors in interes� ,�.�y forb�rzce by I.ender in exercising any right or remedy shalt � �
<br />,;,;:,�_. . . :: �; i „ .
<br /> - :-; Q,�; •��� not be a w;sie�er of or Qre�lude the exercise of any right or remetk_s. ; �;. *
<br /> `.�,<•�� � 1Z. b''uooessors andr�Aasigns 8ouad:Joim and 5everal LGrls�ty;CaSigaers. The covenants and agreements of � �;,
<br /> � � ' SecuriC Instrument sh»f1 bind and bene�t the successors and assi�s of Lender and Borrower,subjecc to the provisiort� E,_ r'�� ,°`,`y�,i.'.
<br /> , tius y
<br /> , `~ of Para�tph 9.b. B�na�rer's• covenants and agrecmenu shall be joint and scser.at. Any Boaowes who co-signs this ��,.,..;,.j�. �;�t;.';.i
<br /> �� �� Secwiry lnstncmeat 6ut dae�j not execute the Note: (a)is co-signing this Securit�Lrstrument only to mortgage.grant and =,�rs- ' . .
<br /> ,...{: .;::��_ :
<br /> • convey that f3c�tr�arer's iatnrst in the Ptoperty under the tenns of this Security Inu�ment:@)is not personally obligated tp '':':'i,. • ti'..: ;�
<br /> ' pay ihe smns.�ured brthig Security lnstrument:and(c)agree�:that Cxnder and any other Barrower may agree to eaten�. � , <,�t, t--�
<br /> . ;�t .� • .. modify.�sor muk���any accommatatians with regard to the term�of this Securiry Instrument ar the Note without thac ; ' f�"''
<br /> . Bmmwer's�onsenG � ,� _�,`��,"••�:
<br /> � �J"° , 13:1Vatices. Any�.nntice to Bnnower pravided for in thic Security Inti�rument shalt be given by delivering it ar by � �!.
<br /> ' :�� � • nziting it b�firsl class mail unless applicablc law reyuires u�e af anather mcthad. Thc notice shall be directed to the i '
<br /> 1t
<br /> � Arti�;A�dtess or aay other address Borrawer designates hy notice to Lender. Any notice to Lender shall be given by �
<br /> ' • • ` . ' fiist cld�s rvii tn i.eader's addrecs titatcd herein ur any uddre�s Lender deaignateti by noiice to Borrower. Any notice f � • � ..
<br /> • • �ravided for:n this Security(nstrument ahall ix dccmed to have been givcn to Borraa•cr ar I.ertder whcn given as pravidesl • �;
<br /> . � �n this ParaS�P�• � '��.
<br /> r� ; • � 14. Govemirtg Law;Severability. Thi.5ecuriry In�trumcnt�hall be govcmcd by Federul law :ind thc I�w of the � " ;
<br /> .� � jurisdiction in which tho Ptoperty i�t�xated. In thc cvcnt ihat any provitiion ov ctau+c of ihiti Serurity Instrument ar the 4 �;
<br /> , :� �.,� , Note conftic�v y.ith applif::�bte law.�uch a�n�lict �hall not af fect ot her proviaiom.n f t hia Securi ty Ins trumcn i o r t h e N o t e ,
<br /> �, , whicb can bc piuen eftvct:�•ithout thc conflicting pco�•ision. Ti�thi�ead the�roL i�ion.af'thiti 5�x�rity fnstrument and the � �
<br /> . ' .:� Note nro do:.liue�i tatiu�bcrabtc. ' , r'+; �
<br /> + . ]$, BOr►�ttee's(%op., Borroaer�h�tl bc givcn��mc cunfurntui u:�;y e�f thiti Sccurity Instrumem, ; ' '. ,
<br /> • � ,',,•: 16. A.� '�menE oP�ents. Hc�rrc:�:.�c uncnnditiana!ly:Ltiti1tR�'d!'�S tramfrrti n�I.endrr all the rcnts:uid revenuc`c�i'the ;
<br /> � . t�ropeAy. $��rtawet authdrr.e�l.ch�der or Lender'.v•rgcnt�::<,coL'ect:�:r rr�US and revenuc�and hrr�by dire�Ks e�:h tenam of !
<br /> • '�'� the Property to pay thd renty to l,cndcr ur l.cndcrc 3g��r.. Hes�e�:�s.priar t��lxuder�n��ice tn Borc���ver of Borrowcrs
<br /> • breuch of any coveaunt nr agrecment in thc Security inctrument.8�;m^�•L•er�hall collect.u►d rercivc ul)rcntti:inA revenue�«f
<br /> zhc�ropetty:.s trustcc for�hc hcnc�t��f Lrndcr:md Rono�vcr. "tli�i�:.,i,_nmcnt of rcnt>con.titut.�un abxolutc a�signmcnt �
<br /> a*�,t rot un a.S�,ignment for additiunal recurity only. ' ; . "
<br /> - r � • �f U:n�ivt g�ves noli�e nf hrcach tu Harro�crr: 1:+1 all rcnts rec`cived by Bonuwrr.h:ill he held by Burrower as trust�:
<br /> • for t�ec!c�t��f tender oniy,to be applicd t�thc sums secured by the Scv;ur;t!r Intitrumrnt:!b►Lcndcr �hall he entitled tn s
<br /> ' - - _�olIect�r.d receive a11 ut the renty uf�e Pn�prny:and(c)each tenant of thr Pn�perty�hall pay all r�nt�due:utd unpaid t� � �
<br /> , , ' l.ender or i,endet's a�ent un L.cnder��vrittcn dcmand tv Ihr tcuant. '
<br /> ° $atrower tws not executai any priur a.�i�,nment of thc rents and h•rs nut :uid�vill n„t perf�mi :my act that�vould '
<br /> . � . `-_ --_-- prevenrLender frotn exercising it�tigh�s uu�hr Wis�.�ragraph I6.
<br /> Lender shvll not he rcyuirrJ tu entcr upun,r,ii�r c��nu��l ui or maintain thc 1'roperty hefam ur after giving nutire nf
<br /> '' , ' � ' 6�ach to$c�ttowet. Ne�wcrrr.Lender or a�udiciaUy appuinteJ receiver m�y ci��Su ut .my time thcre i.a brr.�rh. Any
<br /> up�pli�atiun�f ecnts stuill uut cure�r waive any drfaull ur imalidate m�y olhcr righ!ur temedv uf Lender. 't'his a.�ignntent �
<br /> ---- ---�`�E.=_==- :-_., —_ nftet�ts_nf th�Pr��pertp stw(1 terminate�vhen tfle debt se�urcd by the 5ecurity In�trumcro i+paiS in fuii. _- -- _ -.
<br /> �pucr?�,/Jputc�i ''
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