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<br /> � P�Y��which are�eferred to in Pua 2.oc chaagc the�mount of sucL payr�]ents� Aay excess prooada nvsr an
<br /> � �����P�Y aU outswdleg i�k under the Note aad tbi$Secttrity Ias�ucnu►t s�hal!he paid to t6e entiry .
<br /> � ' kgaliy entitkd theteto. , .
<br /> --�; S�ee�. Lrnder msy coUaK fees andchaigcs auth�ized DY me Sa�etazY•
<br /> - 9 Gro�nd+[neAccda�tbedDe6t. .
<br /> - - (s)OdaWt Lender may.ea�apt as lunit�d by cegWatioas issv��y tse Secaetary in the case of payment def�uits�
<br /> — - —= requirc immediate paymeat in fuil of a!I sums secmed hy this Securiry Inswment if: _Y.
<br /> - __ .(i)Bnrrower 3efaults by fa3ling m pay its fizll any manthfy payment ra�uired by this 5erority tnattvnxnt prior
<br /> - ---— - —= w or on tHe due date af tEe next monthiyr Qayment.or _ ...__. _�-- ------
<br /> , (ii)Bormwer dafau[u by failittg.far a petiad of tturty days.to pafonu any ot�er obG�tatiorts contained in this —
<br /> .�'�� : Secwiry in5nwnent =
<br /> •� r (b)Sak Wft�ou!Crtdtt Appraval. Lender sf�aU,if ptrtnitced by agplicable taw and with the ptior appruval of the
<br /> . Secreqry,req�re inuaediate payment in ful!of al!the sums sec�uod by this Security Instcumeat i� �:°
<br /> , ()All or part of tM Ptopetty.or a batefiaal intenst in a trust owning all or pa�t af the Property.is sold or
<br /> othe�wise tr�t'eRed tatt�r tt�an by devise os desccnt)by the Barrower.aM -
<br /> (ii)The Propeity is not accupied by the pa�haser or grantee�s his or det principal residctue.or the puu�+cftaser �-� -
<br /> � �'� or grantee does sa.oecupy the prnpertK 6irt his or her crcdit has not been approved in accorAancc -
<br /> - with die t�nents of the Sacretasy�. ��=�' °
<br /> tc}No Waiver: If c�rc�mstances accur that wautd pennit l.eader to zequue iautcediate paytnent ia fuil.bw Latder �:��--
<br /> does not cequire snchpaymcmu,Lender does not waive its nghts witA trspect to subsequcnt events. —"�_
<br /> - - (dj Regulatioos ot Hi.iD Seceemsy. In many c��mstances regalations issaed lry the Secc�etary will Iimit Lendet's . .�?�_�._
<br /> ;i .� ` - rights, in the case of payment defauTts. to tequue immediate payment in foU and foreclose if not paid This ;'i;�,�'——
<br /> ;::s�.�-,;" :_-� - Secority insaument does not aathoriu acce T etation ar fom tosure i f no t petmi tt e d 6 y r e g W a t i a n s o f t h e S e c re k v y. -'-��--,
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<br /> � .�,. (e)Mostgage Not Iasured. Borrower agtees thai shauld this Security[ti�trttmettt aud the note secttred tlsercby�ot ;:; ;V=
<br />, �'� �` be elig�'blt for insurance under t�e National Housing Act within : 90 OAY5 �m� ,`
<br /> �%�F.. � --- date hereof,Lxnder may.at itr�aptmn and notwiths[azi an--tGin ar h 9. ire immediate nt in `•'`,``.',`�--
<br /> `:.�, . � s[ dia� s S� �P �N PaY� •.T
<br /> �K'i�lM
<br /> :• .�.;�„F k��; fnII of all sums serured by this saxiriry Insuument A writr��tateateat of any authorized agent of the Seccetary . ���`'`__
<br /> .r� f;�`'�`;,_ ,���` ," , dated st�6sequeni co 9U IIA:1`� _ fr,riat tite c�te.hereof,declining to insure this Secutity .,. ---
<br /> , : . �
<br /> • .L �:� �.,;. 3 t�> , InstYUment and the note secumd therehy st��e deemed coaclusive��af such ineligibility. Notwithstanding
<br /> �> ��"`"S`�'{��� � the foregoing,this option may not be e�3 by E.eRder whrn the iaavailability of insurance is solely due to .� '-
<br /> . .. �.lib� /jg M .
<br /> '';<;i� ' ��,;S ``',�.°'�i;`�. : • Lender's failwe to cemit a mortga;e insurara:��remium to the Secnetary. �_
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<br />`-,�;>,`, - :�����;�'�K�r 10. Reinstatemen� Borrovrer!ra a r��st ba b�c n�instated if Lender has required immediate payment in full because �. ��:
<br /> r;� .� �'< . ' �• '�F� - , of Borrower's failure to pay an�amu�c.d�e under the•Note or tfsis Security lnstr�ment This nght appties even�a�'ter t�• �_
<br /> rd�:[?';"'' �"� ;�.•-�•�''�.. , foreclosu�proceedings are mstitated. 1's� r�ia�.�'=•1he Securit} L'�.�� Ee�ower shall tender�n a tump sum alt • �—t-
<br /> �:`� . � �,r:;'•;'-.: ,� amounts requ�red to brit��oaawet's accuaat�,.Ksar._mcluding,ta�e extem..tGr.y':�obligations of Bamnwer under this . . .;�'=r
<br /> 1�' .
<br /> � Security Inswmeai.focec�csi.�re custs a*cds�sor.a�i��d customarF��ss�.s��s:��':�d expenses properiy a�sociated with • . . ,
<br /> �.�'��� the fnreclosure proceed�� t;pan re,ttss2::mec:x�y�c::ower,tF.is��sr•r.���?v�e�►t,and the obligations that it secures . �'',
<br /> ,.i,.� s ' `''_,-�`�;�:%;:. shall temain in effect as�f Le:tder��,—,�w;req,cired i�_:Tediate pa��,��•�zib--.K�.�,ever.Leader is not required to�ennit . .- �,._
<br /> : . �,,:;.x;: ieinstatement if: (i)i.ender has acce�:e;�remsta:e�-er.Y atter�i��c�u`...e:�.�er�:ef fomto�.uFe proceedings with�n two - -
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<br /> '!`�"° ';�"' ycars immediately preceding �he commencement�`a cutrena ;a~.c�osaTe�ing.(ii� ce�statement wdt prec[ude F " };•�.
<br /> .:' � =s �l„��I,r;i;-;�'. : .
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<br /> ,,.,.a;�(�• farr,ctosure on different gronnds in the future.ar(isFS re�7statemenf wiil adver5et.:ffect the psiority af ths lien created by ` _ • ;�;
<br /> �. ,:',�,s .� `, • i'- t- � this Securiry Instrumen�. .
<br /> �'•`=' "�'� ll. Borrower Not Reteased; Forbearance by Lender Not a Wa i�•ee: �ater�ion o f t h e time o f paymen t or � '• , . • �� �
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<br /> . :;r}:;!�.��.: _ modification of amoRization of the sums xecured by this Securiry Instrument granted by I.ender to arty successor tn mterest
<br /> "`{°��`'���� of Borrower sha11 not o rate to release the liability of the original Borrower ar Borrower's successos m interest Lender i : z
<br /> '�, . ,:�;.;<; ;� P� E ,
<br /> - 1'''"%�-;Sr' .
<br /> , �� t.�,,„ shall not be required to commcnce proceeding�against any successor in interest or refuse to extend time for payment or � = ;;;.
<br /> ' ''� otherwise modify amofti�ation of the sums secured by this Seturity Instrument by reason of any demand made by the .
<br /> �.•F',��`,�"..' � . � ` original Barrowcr or Sarr�wer i�successaR in interest Any forbearance by Lendet in exercising any�ight or�emedy shalt j . :
<br /> :r�A;:�._ �. . •� � . aot be a waiver of or pr�:Cude the exercise of any righe or remedy: ' ' . • . . '-
<br /> . °:.r.�' . �;�;:r� lZ. Successors and Asslgns Bwnd;.loinf and Several Lxi:f���t�;+�o-�.�'s: The cavenancs artd agreements oi �
<br /> ., . ���'`` ; � �his Securxy instrument shaQ bind artd henefit the succeswn and asa�a:�*���Cx=��:�.:�-d Boms��:.subject to the pmvisions �� '
<br /> , : . ,��:t<;
<br /> �.'�.;` '' , '�,`�.�ti�'�{ , :. of Paia�ph 9.b. Boaower's coveiz�Gc and agreementy shal[ r�.,�_�-: =.;.:�+.,-::�-ai. ��n. II�;mwer who ro-cigns this i. _ ., . ...
<br /> �::;.) . � , . .. r, , �,,. ;��•_ -,,_
<br /> . . ,',`,. �• Security Instrumenl but dces not e�e:..�s::the l�ate: (a)is ca-signing:.;s S�::x��, �.s�.��tr.�:,�c oaly eo moagage,grant and � .
<br /> .. . •�,, ; convey that Borrowcr's ir:::est ia t':e'~aperty under thc terms of this 5ecuri,ii-�•ir:.::r::w w�s�iy not persanati}r obligated to : • , •
<br /> -e
<br /> -,�; . . . pay the sums secured bc°d;:<:S�cur,t;::ssrument::�:r+i�ti c)agrees tba�Lender:�T.�t���other�orrawer may agree to extend. ; _. ,
<br /> ���.;>a�� mod�fy,forbear or make.:.�;accc:*�sr,�xi:i a.s�:�a���:�.;.-d to the tp_--:s of t!;::.��;�.�tq Insuuc,e�it ar the Note wnhout that
<br /> • - ��-:'�,, ' Borrower s consent. � E � �� � °�•
<br /> � �� � - '�`�}%;' !3. Notices. Any:ni1C8 t0&;.T7�{'ror prc:::�`�*in�l�is:wa:�:�:iy lns:rwncnt shall t»��uen by delivering it or by ..
<br /> ' " • � •�`"i�?�',' mailing h by first class.'iail unless applicable ta�,� :<�;�.;:8�.;�ti:�ca:�.:eiher r�_�od. The nrt'xe shall he directed to the ;
<br /> .;� . •
<br /> � � ' , Property Address or art�-��t'�cr address 8arrowcr��•�a?':<:e+�s�,r.e_i~��to Lend�-, r1»y notic�to Lxnder shai�be given by '
<br /> ° �'� ' �.���" first class mail to Le��:nddress Stated h��rcin�n any ad�ii�.;��'s.;ader d��i;����s by natirc to Botrawer Any nolire �
<br /> � ' � ' ' Qrovided for in this Sece:ity lnstrumcnt shall hc dccmcd to ha�-::i�-�.;:.�,-;Li�en tu�.�rower or Lenu�r when given ac provided �'
<br /> ��`>;: • ?G;r;;.`,. mthispar�graph. '�
<br /> ;;,��<�. . •• � ?i'•i i." 14. GoverninR Law;Severabittty. Thi.Security In�tr�nrra�r�:tall bc g��vemed by F�ix.'r3:taw nnd the taw of the , `
<br /> ,...r,..,_ . � '
<br />� � � .;���:. , jurisdletion in which the Prnperty i�la:ated. ln thr event th�t z�s ��mvi�ion ur Clause ak'ih>� �scurity lnstrument or the ,
<br /> ;.G, Nate conflictc with applicable law,tiuch mnflict�hall not aPfect other prn�i�ir.,r� of this S:tclrety Intitrumer.��r the Note �
<br /> � - which can be given effu:c without the cvnflictinr pnn isiun. To�hiti cnd the pro:r,,�:"t of ihi,3ecurity In�trument and the �
<br /> ,,� -�'��''`� Note are dectated to be ticvcrahlc. f '
<br /> :� l�. Sa�rrower's Cupy. Borrnu•cr shall hc givcn�»>e cunfarn�u4�:opy of th�•!�.�;critJ�in�rru�ra:nL �
<br /> � 1G ��ss�gnment ot Rent�r, F3��rruwrr una�nditinnidly���igm.,r:�1 trarttitcr.a.,I.cndcr:il t tl��r�nts and revenueti o£th< <
<br /> • ;; Propeny. 13orrowcr nuth.ori�eti I.ender��r Lcndcr's agcntv to cuUc��Iii:;r.nt,aid��ti•enu�ti anJ h�reby dirccts cach tcn�nt of i
<br /> , '�� the Property to pay chc re�t�to Lendcr ur t.�nderti aNentr. Hu.�e:er.prior ti�Lrr.dcrc nolicc tn B��rruu•er nf H��rn»ver: ;
<br /> brcach nf any rnvcnant nr.agrecment in thc Securil} In�ltumcnt.8orro�ccr�Nall�.��I'act and r¢ccrvc al)rcnts and revcnuc.uf � '
<br /> ���' Ihe Property:�ti trust��:fi�r thc benefis ul Lrndcr and Borra:�cr. Thi�a.�ignity:.mi r.i rcm�con�titutc�;m ab�ulutr a,.i�;nmcna
<br /> . and nat an ass�gnmcnt for addi�iunal.ccurity unly. '
<br /> Ii I.cnder gives nafice uf brexch tn l;„rrv��rr. I:u all rc�n,r��.:��cd by H��rr�,u•rr�hap he held by Honnuer�.tru.tc�
<br /> ' . � for beneiit af Lxrtder nnly.tu he appli:.•�i t�•ihr�um��ecured hy.d;e Serurit� tn�trum�m:tb I.endcr.hali Ix entiticd to ,
<br /> � collect�nd reccive ull of the rent.of th�I're+p�rly:and!c�ecich tenant oi thc I'rup^rtp�h:dl+�at•uU rcnt,due und anpai����
<br /> � Lcndcr ur lxnder�.rgrnt on Lrndrr�urittcn dcmand ta thc tcnant.
<br /> , � Borrower h�s nnt csccutcd:u�g priur a�.iCnmrnt of thc rrntv and Ita�ttut anQ wi0 nut pertum� :�iy act that ��u:ild .
<br /> - �.� prevent L.ender from exerci.�n�u�right.under thi.N;�ragr,iph 16.
<br /> � L.ettdet shalt nnt be teyuircd tv rntrr upun,take control of'or maintain�hr F'rnprr�}•tuG+rc or st'tcr��ivuiL n��ucr of
<br /> ' , breach to Borruwer. Ho«•ever.Lcndcr o�.�juJicially appninted rercivrr tnay dv yu at an��in�e thcrc,�a hrcach. Any ,
<br /> applicution of rentv tihal)n��t cure��r aaice any def:mlt ur imalidate uny uthrr right ur rrmedv nt Lendcr. 'Ih��a��iintncnt ,
<br /> - `_ •'';�--.—'`__'---_' ;� of renis of�Frnperty shaii temtin.ur tivncn tite dcht�ccarca by ihc Securig in�[rumens i5 paid in iuij. --- -- -
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