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<br /> , �lyI1�S.WblCtl S1C il`fi lREd�O�II�ii7�2:�C�7R$6121E aRlWRi Of SI1C�1 Q3y121G1L4. /�1D}r CEOGSS j11Q0EL�S OYlf aiS ..
<br /> �,mamt erqu�ea w p.y�tl o�s�ndm$' �n�s uader the xooe asa mis se�uiry rnswmenl ah�u be p�ia.ta the«,uty
<br /> — " `.kgallYerttitledthbtetfl: • • ` .
<br /> � !�Fea. I.ender m�y collocc fees aad charges aLthorizbd by We Soctetary.
<br /> =- 9.Gt+�ds tor Aooekeatloo oi De6t. �
<br /> � (a}iktaoN. Lendcr may.exsept as limiud iry regulations issued by tbe Secretary in tt�e case of;p�ym�nt defauits.
<br /> - t+equire immediuep� rn fiill of a1I sums secuzed by this Security Inswmeat J �. �
<br /> (�Batower defauIts�6y fa�iag to pay m faD aap maithlY PaY��1�bY�S�ih'',Instcument�priar
<br /> 'r:;. . to oron t6e due due bftl�r nexrt�►tLIY PaY��� '
<br /> .�:-{ii�, . tu��$o�r�tuw�ts 6Y failing,for a period of tIurty days,to peiform any ather obligatiims.00atained in tltis
<br /> ---= (h)Sak WitDant Cred�t Approval. I.ender sUall,ff pertnimd by a�plisab2e iaw aud with ct�prioJ appmval of.t6e
<br /> ��- � �Y•�1��PaYmcnt in fuU of a11 tlie sums secaied by this Securiry tnmuu�►t'ift:
<br /> ��� , (i)`/�il or part of the pecty.or a beaeficial inttzest in a trust owning all ar part of�dia Fropesty,is sold ar o
<br />---5,•, odterwise traa�femed(a��er thaa 6ry devise or des�entl bY the Bono�Er,and •'
<br /> °f (ii)T6e Ptoperty is na occupied by��ar grantet as I���r priacipal ies'sdts�ce,or tht purcfiaser — _
<br /> t, ' or grantee does so octupy tGe �� i''�� pr her cre�i:':�'tas nat be� apPiov� u�c�:aocardwce �£
<br /> - .��'>�3h the�+equitements of the S� � � , • � • , : " � �---_---
<br /> � '���i�i.�WaiYti:if circutnst� 'iiimL i�rat��ir�i��nder W[Eqnue immeQi�>x ga�i�R�'p�15rJ.`��.G�3dt�'� �_
<br /> ��,� �sucbpaymeat�;.�s`���t�lreeitsrightswithcespecttosubs�t:�.s> ,- .�:, : �, ��-
<br /> � ••c' •tat�����ta�AITD���q:m�}cii+cumstancesregaIatia�s�ed�syehzSeezet�cy?wr�L�titI.en�er's = — T
<br /> •r.ti��us:��;�s�ga}��t def�F'ts,cv tequire anmediate payment in full�d foroclose if not d 7T�is -
<br /> ., ,. .. �s'�'�ty l�a��oes¢a��tTto:ize accetetatian or forectosure if not pesmiued Uy�egt�}�.dons of the�ec�setu�+. '�
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<br /> . (e)Mort�e 4�t�nsored. Bomower agrees th�t shauld tLis Sec�uity L�orument aud t!�r�ote secured thenbg not `�,
<br /> •�. ' . be elig►bte fas�urance under Ihe National Housing Ace within 8 mont hs � fram the �',�—
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<br /> � . ;f " date hereof,I.ender may.at its optian and natwithstandirtg anything in Qaragrapii-9,reqpiia immediate payment in .--
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<br /> fuv of all sams secumd by this Sec�uiry lnstrument. A written statement of any aut�writed'ager►�of the Secretary :,;�".,.�
<br /> - " dated subsequeat to g mont hs from the date hereof.dcelining to insure tltis Security t�``�.•",�'
<br /> ';: .' InSttument and the note secuced thereby.shall be deemed conclusive proof of such ineligibility, Natwittutanding �',;�,... � ,
<br /> �. , �`.ff. - ` the fare�oing.this opt�on may not be exercistd by Lender whe�tthe unavailabilisy of�iewrru�ce is.�sc�lelyfiio ta --�---�_
<br /> =�;� l.ender's failure to remit a mortgage insurance premium tu the Secretary. - r �
<br /> t�� 10. Retflstatemen� Borrower has,a right to be reinctated if L.ender Qas required immed'uta p�ymer+t in full be�u.+v ��_ �.-'
<br /> _�-� � _� ' ,; of BortowerS�failure to pay an amount due under the•Note or this Securit}[n.gwmene. 'ITYis nght�ayplies aven uftes ,'� -. '���Y�=
<br />' "'� � fotectosure proceedings are institutod. To reinstate the Security Insuumen�Borrower 5ha!!i tcndtr�in a lump cum ell • . •� _. :,�°
<br /> .-.�:�!�� ' amounts mqu►red to bnng Borrawer's account cur�ent including.to the extent lhey are obli�eii�ns af�8wrawer under.this *- ' �
<br /> � , Stcurity Instrument.forectosure costs and reasonabte and customary attomeys'fees and exper�es propetly assaciated with "�_'� �
<br />: .' ?�` the foirclosure proceeding. Upon reinstatement by Borrower.this Suurity Instrument and tN.abligattuns that it secures . ....
<br /> ,:_ ��,� sha11 remain in effect as i f Lender had rtot rec}uired�mmediate payment in full. Howeves.Lenskr,is not required ta Fem�it -
<br /> _ �.1= .?"� ieinstatement if (i)Ixnder has accepted remstatement after the commencement of forectbssue p�roceedingg withm two "� � �
<br /> :; -t.. • years immediately preceding the cammencement of a current forectosure pruceeding. (iijjreinqt�terr�em w�ll preclude ' ,.__��
<br /> �. 2 � • foceclosure an different grounds in the future.or(iii)reinstatement will advessely affect the priorily of the lien created by � �:' f�= �
<br /> ' this Security Insuumem. �' Y ;
<br /> •r . . • 11. Borrower Not RdeasM: For6earance by Lender Not a WAiver. Exteasior��of�the qme af paymem or � : �
<br /> •' 1�-s�% modificatian of amortization of the sums secnred by this Security Instrument granied by Lend:t�ta ar►y suceessar in interest F. � . . __
<br /> -.� :>> of Borrower shall not operate W release the lia6ility of the ariginal Borrower or Bortowes's•�successor in interesG l.ender '`.�;. .. Q :.
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<br /> � shal!not be requiced to wmmence proceedings agamst any successor in interest or refuse to eatend time for paymerit or '�i;;.;,�.,.�,�5�,���r.:.,,:�.
<br /> ~ l�{�;�- � . othezwise modify amartization of the sums secured by this Security Instrument by reason�of�any dem2nd made by the � F=s•:��;�•s+;��f�,,{
<br /> � -;�s j',� � original Botrower or Barrower's successors in interes�,Any foriaearance by l.ender in exercisins any right or remedy shall ;. �•,-"'''44�;��i+r�";:.°'
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<br /> ���.:�•��` . • not be a waiver of oe;rrzclade the exercise of any c��t or remedy. �... �� �,'''��� �,-�
<br /> ';"" • 12. Successo�and Assigns Bound;JoinS aAd Several Q.Ex��it�;�Signers. The cavenants d;�y w,�eements of , . . ; }:': `_�- _
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<br /> this Security Insua�e�t shall bind and benefit th�c¢ccessors a::�i asss�;.;:af 6-..-'�der and Borroecr.sublect r�.���proYistons ,�,_
<br /> -- '. " of Par�geaph 9.b. BorrowerF covenan�c and agreements stt;1:L Ise joi.�t��d several. Any Btmactier i�h��eb-srgns r�is • � � :�'.:
<br /> . • _ ' .,�� ' . , • Secvriry Instrument but does not eaecute the Note: (a)is co-�i;Y ing this Securiry Instrument ar�ly to mortgaga,gramt and � :•_":=
<br /> ��- ,:= � wnvey that Barrowet's interesi in the Properry u.^.�P:the terms of this Security Instrument:(b)is npt persa�ltryr obliga�ed to �;�,,;.
<br /> � ._;: pay t he sum.4 secur e d by t his S�curi ty Ins t�umerr i:.es��(c)a g r e e s t h a t l.e n d e r a n d a n y o t h er Banower�mz.��ee to vxtend. ,�
<br /> � . •`; modify.forbear ar mztce any arc�mmodations�x�di_i�;;ard to thc tem�s of this Serurity Instrumem�orthe T��v�s w5thoat that ;. ^
<br /> � ;,=Y.:•r.�::: Borrower's consen� � • � -'° - ,
<br /> � :�;:;[;j�s�:':'' 13. NoNees. My notice to L�n:tower t^�:�,��.�i�,'c.�r in dti.4 Security Instrument shail6e given�Hy.d:�ivering it ar 6y �: ,. ,�...-.�i�;:�:;.,,, � .
<br /> • �'� '`"' '�� • mailing it by first ciass mail uret:s��:icz�!�°5:::��r�a:;_:res u�e of anather method. The notice�sHall!be ditected'to the i•': •,�"1�;�;:%;'.i;{''';:'
<br /> ��; -i{ . `� Proyerty Address or a.��y other address Borc4;�y::cA��,�:.�s h5 noticc to Lcnder. Any natire to l lcn des s t ia l l�be given by 1... ,�;t���?°• ,..
<br /> = - Grst class mail to[rc�sfers addmss statcd hr.�an �°�:is-�y address l.ender designateti by naticc to�Harrower. Any natice ; . "�'`' �
<br /> � • Qrovided for in this Security In�trumcnt�hali be�!a;�d to havc becn given to 8nrrowcr or Lendet�when given as provlded ��
<br /> � . m this paragraph. F
<br /> . - , 14. Gove�ning Law;5everabliity. Tbis Securiry lnstrumcnt shal!be govcmed by Federal•19iv tu►d ihe I��v of the � •
<br /> jurisdiction in which the Ptupeny i�located. In the event that any provicion�n clau�e of thiti Securily Insttument ar tEie
<br /> • Noie confliets with applieable law,ruch canflict sh:�ll nnt affrct��ther pu►vi�ion�of�hi�Security Ihctturrtenl�at the Note
<br /> ` � • • which can be given effect without ihe conllicting pruvi�ian. Ti+thi�end the pr�wisionti af th)s Secuney In�ttument and the
<br /> . Note ure dect:+red to t�e�everablc. �� '
<br /> ,'• IS. Iiorrowee's Copy. gunowct tihall bc given ur�e c�mGumed c�+py uf thiti Security Instrum�nU ' -
<br /> ' ' lb. Asslp,nment ot Rents. N�+rn►wcr unconditionally a�tiign�:;md tranvfcr.to l.cndrr all thc rcut�:urd're��enues ui the �'
<br /> ' Prapeny. Boru�wer amhorize�Lendcr or I.cndcr:ugcnt.tu callec��he rem,auJ re�.nues;+nd hereby dir��ctc each trnant oi' .
<br /> � ' the Pruperty to p�ry�he rentti to l.enJer or I.ender.agent+. Huwcvcr.priur to I.ender;nuticr►c,Hnrrncs�����f�Hurttn�•er: �
<br /> � breach of any covenant�r:�grerment in thr Secutity In.�rument.l3��nuwrr.haU culieet:md recci�r all rentt and nvenues of � .
<br /> ' the Propeny a+tru�tce tor the henefi�af Lcnder and Nnrrensrr. "fhic acrignmcnt of rcntv cunrtitutcs an ah��lU[e a+�ignwetu ; „ _
<br /> ' ! ' . and noi an as�.�gnment fnr additinnal ticrarity unly. ! ,
<br /> - 1t Lendcr gives r.ntice oP hrcarh u�R�ina�ser: la�atl rcnn rccciccd by Hnncnccr�hall t+e hcfd by H�muti��t�a�ttustre E
<br /> � •� � fnr benefit nf Lender�nly.to t+e�pplicJ tv the�um�.ecured My the ticcurity ln�trument: Ib►I.e�der sh.�111(t�ct�Utled tn 6 �
<br /> [ c�llect�►nd teecivc�II uf the remv of the Praperty;and(cJ each tenant t�F Ihe Nroperty tihalt�r�}�uli rent�dur:md'ur�paid u+
<br /> ' Lender ot Lendcts a�em on Lcndcr�wnttcn deman�!u�the tcn,mt. '
<br /> ' 8onwver has nut executrd any prinr:�s.a�nmcm uf the rent�and has not and�vil)nut (krfam�:uy'::tst�tHat tvnulci '
<br /> ! � prevent l.ender from exercising it�rightti ander eh;�P�.s��szr;�h Ib. �
<br /> ' • Lencter shall not 6e required m enter�n.takc cuntn�)of��r maintain�he Pru�.�n}• t+efore ur attes�,it•in�nc�ticr al ,
<br /> , , breacfi to Borrow•cr. Huwevcr.Q.ertdes c,r a;udicially appointed reeciver ui�y d�+v at:uz� lirtte th::e is a�Ntra4h. :ltiy
<br /> : �i' ,. . application of rents sh�ll not cute os wsive any default or invalidate any uther right or remeJ�nf Lcndei. TFtis�i�ignrnrnt '
<br /> - _ 1f '' nf rentc�f the Pmpett�r shall termin:ue�uhea Q&e dc:bt cecured by the 5ecurit� inatrutnent is E*.ud in full.
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