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<br /> -- - - '-- -paymeut�;'w't�b�i�a.iefa��io�. �,<os`c���'embua'tof sn�ii.p�ytasnts.'�Ary�[�5s p�1���� ,� A
<br /> _ - � - • �r�a�3� ' t�et-sL�-�.��C��ui�tB[il�4l�naid�i�a�_�'_�' - ---
<br /> -- , � ie�a�r wmitdt�to.• .. , . . . ...: . . • .
<br /> --- � ,�• ���a.:Lend�ra�ycoltecz�andebsrgssauthv�bytIIeSecca.ta�. , � � , _- ---
<br /> , � � 4.�;G�untS�forA�v�Drb� .. . , , � �. • , • . c
<br /> � - � �t�#h�atilt. t.a�ermay.ezoept as timited by c�givatioas issued by the S�accetaty in tne c�se o!gay�aati d�t'atf1� ��; . :
<br /> _ . .. <' � �:eqmae imw�dtace ym�t in�fWl af aU suats secin+ed by d$s Securtty tnsawnentlf: •.
<br /> � _ . . . . (i�Boaower�Sy_�iling topay ia�ful3 aay monthiY�F�n9tiued by this Ses�ntry.In�ux�3Ptor ` `
<br /> _ - - — .. � , � m�.flnt�da�c�te��it�eu�aEinaacts�Y�Y�!4� :- . � _
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<br /> - �� � ��` (i�)Bmm�veri�et�2is by failIqg.for apenoa of thiiry days,t�p�form mq atha�obtiga3Ions�ca�Le�n�d In tht� � — __ _ _r_
<br /> ' __ -- _ •� � \ � - - -.- .�-_'. .: � _----��-� =---�.- - - _ - --
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<br /> C61 S�ak��rt�dit�APtuvvaL Leacter shall.if pemnjtted ey agghcable law and,tivhTi�prtar approvato� � . _
<br />-- • S t�y,re�e im�edia�F�Y�m f�uf all dce sums�secured thiF SetauitY insauatent i� _ �
<br /> — � ��C)Ait ar part of tIIe ,ar a be�,.�cia1 intetest in a tmst owning Eill vr pazt of ttt�Ptoperty,is so2d or
<br /> othenvIsa tiunsfe,creQ Eat6�by devise otdescent)bY taeBaanwer,ead ,
<br /> - - - .. [�'�e Rro�ty es not.occupiec!by d�e�or gza�ee as�is nr tter pmisq�sl xestcte�ao�_or the purc�as�r �- `_- --- -- --
<br /> �.,��- _ _. - - --- -- --�
<br /> -- --- org�sntes 8oes so aocugp the PcapeKy btu tis or Rea credit has aot�6ow�:ep�o�tveu-ia a�r�c-.
<br /> — -- �� � wit5 the require�aents of tl�e Seccetasy. �
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<br /> __----__:_ (e)1Va Waiver. If ciremnstazmes oaxu that woutd pemit L.ender to require immediace paYment ia t�ilt,bnt i�ader
<br /> -- ------- dces not suc_?r�p�ts.Lenderdoesnot waive itsnghcs with resgect w subsequent events. � -
<br /> ------ t�p��� �tt�+L��'9 ��Y.������ons usuocE by the 5ecreta�r cvil!1[mit I:enderh- '
<br /> ��_�,._ . �..�}�in t3�e case of payment defaults,tn tee�uua?�nmediat�PSymept in fiill aad fareclose if aot�d 18is
<br /> __ _== �.'..�tY Insaument does not auWorize aceelerauoa a�€�ac�se if not pernritted 4�y��gulations of tt�e kretary.
<br /> =_T;���� , � ri e ����S�ty��.��note seciued thereby aot
<br /> , �e�. riga8e Nat Insurc+�. Bmrower agcees
<br /> _ �,m��.� �`� � � #le�igi'ble fQZ insuraeice nnder ttte Nadona! Housing�...s�within �� :9�.�OA`St'S� �.'� from the � ' ,_
<br /> �;r�V'�rf;��� L . , date be�iia�er.may,at its opSon and natwit6standing enytbiug it��>"agraPb 9�r�uire unmediate Dayment tn . --
<br /> _�.'�'�'-`� ?� f�o€sit•s�rs�curedby tlus Secacity Iast�vment A writtea statetaeiu�ef a�y,autharized ageat of ths Sec�etaty. -__-
<br /> � from the date hereo�,:d�tiain&to insure thia S
<br /> ° `<&i,�su�.'�ie�to . 90 DAYS �:� -
<br /> ___`�`'f.'!i�:�`�t�.�� . — -- _-
<br /> �.�.,t � Iu�ent aad the note serured theceby,shall be deemed conclusjve pmof of sisc�i in�ligi:bilitye. Notwithstand"ai� __ ____
<br /> ���.:�-��
<br /> ���.�� ft�c fo�egoia�this option may not 6e exercised by Lender when the unavaiiab�titg nf insuiance is solely du��to --
<br /> �s��}��y�., Lendsr�fai�ie.w remit a mortgage insutaace piemiwn to the Secnetary: Y -
<br /> ;,,�,r� �� '. 10 $�faEe�►� Hormwer has a dght to be reinstated if Lender flas.�ited immediaic paymen3��fiill because �� ,_
<br /> ,a��_�.;,,���,•r��:. of Bmro�fa�lute to pay an amount due under the•Piote or this Sxurity 3astiument.;'t'!is'rig6t applies even aRer �: -
<br /> -um-:.::;,. ..:�:;.��.:`
<br /> ,�r?._�,_:. -:_:.� .�, foieclesaae.�ZOC�ings ere msbituted. T6 reiastate the Seca�s�'�Iasttument,Hormwer�t cender In a tump saan atl �_ .-- -,
<br /> �':;'`•.".. . amounts r�,ured to#sring Borrower�s account cument including�ea the extent tfiey ara ob�g�ions of Botrower vnder this�: � ��,._---
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<br /> � :`,r;.. ., ". .:;s - gecwity Wsnunte[�,fbreclasure costs and reasonable and cusi�r.��'y attomeys'fees and s�easesproperly assocIated cv�ti-: ��i�; -
<br /> �"`"'. . � the foieclosure pr�e�in Upon reinstatement b Bnn�n�tt�is Sec�y F,�..�iment a�the obligatians that it secures -------
<br /> �J,y�.:. -:�. . . ..�:vt,. g. p �
<br /> ,:=:� ' shall remain in effect a�if I.ender had not ra�uiiect irt�e�:�paYment in:�nlL #iawever.Lender is not tequtr�d to➢eimit �=•�--.-
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<br />- ��"�;�, �:�� ' r�neat if: (i)Lender has accepted remamre�._+-•�er ttie commenc�ent of fos+ertosure praceedings withu�two • �._
<br />- ``:,' ��� yeaus�ate�ly preceding the cammencement-af a�ca.us�enr fbreclosute proceeding. (ii) reinstatement will pr�eclude `
<br /> ,�,,{'.;�;�•. ':.': forecto�ue on different grounds in the future�or(i�i)teinstare�i will advetsely af�'ect the pria:ity of the lien eteated by ���_��:'
<br /> :��-
<br /> _ • ��:,,::•a;;`�"�`:t=•, this Secw'itY[ttstrumen� '
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<br />_ • •••,���: �=.:::.: ,.•.���;.
<br /> ;;,:t,�-.•:.,,•.��:-- 1!. Borro�ver Not Reteased; Forbeareace bx l.end�Nat a Waiver. Excension of the wne of payment or =
<br /> .:�':`'.. �.:..':`,, medificaation of amortiza6on of the sums sec�red 6y tlus Security L�strument$ranted by Leader to eny successor in imerest ^'` � _.
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<br /> ' '-��`:� ,,"•..:�.;;,:�_;�. of BorX+nwer shall not operate to retease the liability.of the originzi.Botrower or Horrowerl;successor�n interest. Lender �'•._. #
<br /> � ' "'�� �::��z'• shaU asst be re.�uired to commence proceedings aga�nst an�s�rccessor in interest or refuse to extend dme for payrtie�t or ;'�',;_,;•��?;_
<br /> . . �,:..�..� . . 1•.-
<br /> ; o��semodify amonizaaan a f t h$s u m s s e c u r e d by tlus Sec�rity Insttwnent by reason of an y demand made by the �. y:.�r��. 4.
<br /> � ' ° �``° ' origi�£�csrowcr or Borrower's suc�so�s in interest. My foc�e^.�.�'ance by Lender in exercising any right or remedy shatl • �-a� �• -
<br /> ��. .�,;, : � :, ``�'=:
<br /> �•'%':�:'':.. nat be�Mai�er of or pseclude the exercise of any right or n�rnedy. ' '•: . ., �e,=r
<br /> `��"' ��'�`�`� 2�. Succe.ssass s�rsd A�igns Bound;Jofnt and Seve�al Liabflity;Co•Signers. The covenants and agreements of '•_ �,. ���
<br /> � ,• :,<}:.s:;��. . -.:.�i
<br /> ��""��' ' '�'``'�'�'' � cfcis S�ty Instrumer.t shall bind and beneGt the scecessors and assi of Lend:r and Borrower.sub'ect to the �nv�sions
<br /> �.,�:'.::,.., :.,,'»r'::`;° . � J P- .'''•• ':�. �� ��''`
<br /> ` t;°��' i�t 1�.. of�"•ra�ar�p'� 9.b. Boaowers covenants end agreements shall be jomt and several. My Snrrower who casigns this �� � : _
<br /> Security frFStrument but dces not execute the Note: (a)is co-signing this Securlty Inswmerst only to mortgage,grant and `_,br�� .r
<br /> - -- -" convey tkat Bortower's interest in the Property under the tertns ot th�s Security instrumen[:tb)is not per�onaliy obligatca3 iv ,,.� . ��mr--••�'
<br /> �; ` :^ pay the sums secured by this Security Instniment;arid(c)agrees that Lender and an�r other Borrower may agree to estead. •".i . . •..�, � ;,
<br /> : ��,. ' ' malify.forbear or make any accommadattons with regard to the terms of this Secunry lnswmem�r the No.t withant that � .� ,,�
<br /> ;.'�•+"� '
<br /> ,,��;.:."`.� '.; � Hormwer�sconsent. ...',,� �.
<br /> 1� Noticeg My notice ta Borrower provided for in this Security lnsteument ghall be given by delivering it or by
<br /> �`.',;.•��'`. : � mailing it by first class mail untess applicabte law requires ese of another method. The notice shall 6e directed to tG: _ . �.'',_' . '
<br /> t',';"',•.� : Propemy Address or any other addres.c Borrower designates by c��cice to Lender. Any not}ce to Lender sha11 be given by •;' i; •
<br /> . '' fitst class mail to l.cnder'�address stated herein or any address l�,ezder detiig�ates by notice to Bortower. Any nouce �r ` , ,
<br /> �;,�^ • • . �'�.�,::: ;� pro vided for in this Securlty lnstrument shap be deemed to havr been�i��en ta Borrower or Lender when given as provided • ., . �
<br /> � •�,��',` �` -. - in this paragraph. . ,
<br /> ''y� � � � ` , � 1Q. Goveming Law;Sererab111ty. 'I'his$.eurity Instnime^:t yhalt be govemed by Fcderal lAw and the law of the . . -
<br /> urjsdi,cxion in which the PropeAy is tocated. tn the event that aci�provisio:r or clause of this Security Instrument ar the . • �
<br /> �..,�, . =:•:•,.• ; �., � ..
<br /> i �' , �ate eanflicts with ap licuble law.sac:h conflict shall not affcct mther provisioac of this Security lnstrument ot the ha: �
<br /> }';' :. ••.•��d, wtsisii can be given e�ect without the conflicting provision. To thix end the provisions of this Securiry(nstrument and the • ,
<br /> �`•,� ' 1�Srt�p a��declared to be severabte.
<br /> '•����' ES. Borrower's Copy. Burtower shall be�ivere one conformed copy of this Securiry instrnment. ' - .
<br /> �µ��;���� ; IG� Assl$oment oY Reats. Borrowcr uncandf�ionally assignti and tran�fo-:•to Lender al!the rents endt reveni:s csf�he �
<br /> :,7��,� Prc3pcerty. Barrower sutAorizes Lender or Lendet�agents to rof]_ct the rcnts arrd mvenueti:tnd hereby directs euch ten�caf �.
<br /> . Pr 1
<br /> ` ' ' the�ro�:rty to pay the rentv to l.ender or Lender's Agents. Hoµever.prior to l.enderk noticc to 8orrower of Bonaucs's
<br /> '� ' •, bmash of any wvenant or ageement in the Security lnstrumen�.Bonower shall coltect:uid receive nll rents and revenues o£ � . " ".� '
<br /> J. ,}.���_. � - tRe Properry es wstee for t he beneGt of l.endcr and Baaower. '('his assignmcm of rentg ranxtitutes an abaolute assignrneni
<br /> :,�°�:.. , �` � • f andnot en assign�neat for additivnal securi�y only. �; �
<br /> `'' " �:*�� If Lender gives notice of breach to Borrower. la)ult renty received by Bortuwer shal!be held by Bonower as tru9tee
<br /> �, ��,;_.� :;;;.,� for beneflt of Lender only.to be opplicd to the sumx,erured by thc Sccurity Inwuument:(b)Lertdcr shal!be entitted to
<br /> '�. ;�•,����; � rnitect and receive all of the rents oF the Property:and(c)earh tciwnt oF the Propeny sh�ti psy s�l!rentc due�utd unp:�id to
<br /> ' Lender or Lender's ngent on Lendcr�written demand tn the tenant.
<br /> " �' Bortower has nvt executed uny prior iusi�nmrnt oF the reNs and hati not:ntd wilt not pert'urm any uct that wuuld
<br /> `.•�' � ' . Prevent l.ender ftom exercising its rightv unde�thig PnraFraph 16. ' .. �
<br /> ��` � ' Lender shall not be reyuired to enter upon,takr ca�trol of or m:�ntain the Property bef�re ur ufter givin�notice of •
<br /> � :�..•�. ,
<br /> � •. _ bmuch to Bortower. However.l.ender ut a judirialiy ap�uinted receiver may dn so at any time there is a breach. Any 1
<br /> �. appli�ation of rents shall not cure or wnive any defuult or nvididatc any ather rigM nr rem�xt�r uf Lxnder. 'i'hiti assignment + .
<br /> � of ren�v oTthe Pmpedy shall tertnin�te when the debt secure�i by the Securi�y[n�trument is patd in futl. �
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