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<br /> _ . . . : : . . - �� � . � � . -. g�— �a�s�� � : � _
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<br /> i . - - _ _- -_: �- - :: . -- - - = - .. .__
<br /> _ � p.ymrst.,«�b�ra Rre�w m - a -amouar oc.�P�Y��.!Nr�a�°�a .
<br /> _ ��ai!outstt�rtg�o�ess�der tlie Hlooe and d�is S����ll be p�id ta 8�e eetny
<br /> � i�.t,eaaer ms�r coilecc fas�oa cli�ge.c�tliorizea 6y the secret�ry: � ,
<br /> !Gce�ds tn Accda'ado�d Oeb� � lssoed b�the 5oc�e�rY� PaY+�t .
<br /> ta)Q�k l.e�et msy.except u limiped bY�gu�aa�S� uz t6t c�st of. defiWts. .
<br /> iequire iamedi�e�p ayment in full of a11 stnas saatod by Ntis Se�auitY Instcume�if•
<br /> -- G)Bo�mvr�r def�o1�bg fa�'kng to paty ie tiil!aa�s�nthlY P�Y�t�1�������Y,Instttt�e�t prux
<br /> waE aa tbe due date of tl�e_oeat mo�bly paymau.or
<br /> -, � (ii}Ba�ro�ra defaulrs by fa�7ing,fa a period of tdtny drys,w perfam any o�her obiigapans canqined in dd.g
<br />- -- ` (y)SWe�NtMro�t Cniit Appraval. LenderstaA.if pFmiitted by appiicable law aad with tfie priota��ai of the 6i-
<br />--_- S,ecteticy��oquue immodi�c psyma�in full of alt the w�ns se�t�ed by tlus SectuitY Taswment iF
<br /> n
<br />- -= � {i}All ar put of the Ptnpe�ty.or a b�eueficial intetest in a m�st.avYning aU a p�t of tbc.�topettY.is sotd or
<br /> - . o�herwwise tr�nsfet:ed(c�her thaa hy dctii�e nrdescentlbY tl�e Bortawer,and __
<br /> o her her
<br /> - -_ ' (ii)T6c Roprtcy is not acc�ied by tbe pt�rehz��S��r� has � ap� in xc�
<br />- - o f gtar►toe dues so occt�PF � �Y -
<br /> -- witle the caryiiement�of the Sa�e�ary. —
<br />_ - ..{c}Ns WaWer. If ci�accw tbat woufd pamit i,eryderw,tequitr immediace payment�fol�hut�nder _--�.---
<br /> :does twt�eqau�soc�h�p��a,��ments.L.cndec does twE a+aive us rigWs aith tespoct w subseqt�eatevems. �,�__
<br />- � (�)Re�aW�a�s d NW 5�w,basR In.mu►Y cincumst�nces regulations is.sued by ti�Serretary w�71 limit 4end�r� ���;.-
<br /> d ts.in the case af yment.defauits.to�equite immcdiate �ayment in full�nd fonxlase �f not paid.. 'ii�is ��aYj
<br /> Sx�iuity la�ment does nat aathaca��cceteration�focec[asute.�f�ot p�mitted by regWatiaas of tHe Sectetacy. . E.e=�_
<br /> �,-
<br /> ' (e)Mo�tEa�e Nat Iawnd. Batowe�ag�oes th�t r�i�ould this S�curitY Tnsu�ttixnt aad the note securcd tbeceby aot �.4:---
<br />�� � 6e eligibk for iaAaance undec t�e Natioaal Housing Acc wuhin�, 8 �ont hs frosif[he ��.f,==
<br /> : . d�tc i�roo�l.eoder may.at iis option�nd notvvithst�ding angtbing in Paragraph 9.'require immediate payment in•. - - -
<br /> ' fWl of ail sums secuc�ed b}�this Secwity Instiunxnt A written stateiment of any authosized agent of the Secneetary- _- -
<br /> � Sec -.�
<br /> � � ' d��tod suNseguent to� � S Iwnths fcom thc date hereof.deciining ta insun this Scruriry <<.' _ .:�
<br /> _- . ��` ,.. � I n t t t u u�r a t.a o d t h e a ote seeured_t h R e b y.si�ll be deemed conc[usive.proof of such ineligib�ity, Notwithstanding __y.`:�.�'
<br /> • <,�• ��
<br /> . ��;A �� ' ` the foregaing.this aptior�may ant 6e exercised hy Len�r whea the unavailability of azsvr�tice is solely d ue to t=. _ -_
<br /> " '' Lender's failurt ta remit a mortgagc insurance premium ta!he Sec�tary• . . _
<br />. ,_: `f � `,•• .
<br /> . �, l�, RN�tNnenw BoRUwer hac a dght w be reinstated if i.cnda has nquited immediate pay-�nent in fnl!because - -
<br /> cn
<br /> ' '{� .';. . �, � of Borrower's failure to y an amount due uader the•Note or ihis Security Msaiunent. This nght applies even after '°`:`"'�' "-
<br /> . , =• fo�cl�sune yrpceedings a�re insatuted. To reinstate the Security ln.mumen�Bamnwer sha11 teader m a [ump sum aIl '4;--��:-:=-=
<br /> � . � •,��' art�ounts r�equi�d to bring�o�rower's accoont cunent including.ta the eatent[hey are obli�ativas of Borr�wer under this '�,�=��' ;-_
<br /> .,� S e c u ri t y I n s u a m e n ti f o r e c l o s u r e c o s t s ar x i i e a s o a a b l e a n d c u s t o m ar Y a tt o m e Y s'f e e s a n d e x p e n s e s�c o p e r l y a s s o c i a ted with , ,`i��-,`_.,,^`�`.
<br /> - the foreclos�re procetding. Upan reinstatement by Burrower.this Security Iamument and the obitgations ti�at it seeures `'t'�°��-; _
<br /> shaU t+emain in cffoct as it l,ender had not rec�uired immediate paymeat in full. Hawever.Lepder is not�oquired to�em�it.. �;���_;.�_ --
<br />� .- �'%;:�' ' reirtstatement if: (i)l.ender h3s accepeed retnstatemeac a f t e r t he commenceme a t o f fo r e e i o s u r e p r o c e e d i n g s w��h t n t w a� . : : . �;_
<br /> �.�t:� ,
<br /> ;�;�-.���� ' years immediately precedin�the commeruement oS a e�rsrent foreclosure proceeding, (ii)reinstatemene v�n7L�preclada �',.;';,�,_:�'..��._
<br />'. � • ; foreclosure on dif�erent gro�mds in the futum,or(iii)reiBStaiement will advzrseiy affect the priority of the lien crcuted by , r. • � ��_
<br /> �.�.--'-. t�isSecurity[rstsument. - .. ��r``'
<br /> :�� ,':,a-. � ll. Barrarrer Not Kek�sed: Forbear�nce.by Leader NM a Wairer. H7UCOSIpI1 Of 1hC tlIIIC Of jk'1j7i1Bf11 Ot .. _;y:;??-,
<br /> � �� �*s� . • �dification of amortiuztion of the sums sea:.*ed by this SLcuriry Instrumem ganted by Lender to any successor ro mtarest ,. ; y`�-:-
<br /> ' S��° ef�orrower shall not opetate[o c�elease the Csability of�.e ariginal Borrawer or Borrower's successnr in interest. l.ender =' ;"f;;�;_; �:' �`
<br />� , �;.�,-: .: � v..,,::F:,. .-�:n
<br /> . : �aI!not be reguired to eommence praceed"mgs aga�nst any successor in interest or refuse to extend time for pa�mem or . -�.•.;o,.... { .,.
<br /> Y:--i,..�" . '�. 1..� ..
<br /> � atherwise modify amortization of the svms secured by this Security lnsuument 6y reason of aay•demand�6y the -�• •;'?�;;r'�• r_.
<br /> _ - original Sorruaer or Baaower's successcrs;^s intei+es� My forb�u�t�.by l.ender in exerc�sirs�anu right or romedy shall ��' � !6``
<br />, ;'.•:,;: . not bc a waiveeof or preciude thc exercise c�:i'any right or remedy. "�Y
<br /> :��;:.•,•:r. ,����.;:..� 12. SQe�ssors and Asslgns Bound;ddnt and Several Liab�l�:CaSigaer�. The cavenants and agreements of � ;,J� :``;...-
<br /> ° '���. :�•. . th'ss Security Instrumet�t st^-.•iL�ind and benefit the successa:s and assigns of Lender and Borrower,subject to the pravisions �" .;;+,.•iS�' ' :�'.
<br /> � M.a41 be jolnt und sevcr�k. An �, �' '.'�r', • r:: ,
<br /> � � • �'j�,n. ;.._ of Paregraph 9.b. 8orreti��:�covenan�c and ageemec:Cz�� . Y Borrower who co-si �this �'� .�:�:3;� _t:�r
<br /> � � Security Insttument bui d�s:�at ezecute ihe Note: (a��s����;s.gning.this Security i�.sxrument only to morigage,grani and ��� , �_�'=
<br /> , `'t'";ric,,., �� .; convey that B�asr�wer R interest ia the Property under the t°rrts of t�i.•aesurity lnctrument;(b)is not persons►11y obligated to . �.:;a�
<br /> �.`Y.r>'1'; _ ;� pay the s[:t��•�..'ured by this Sccurity Insuumen�and(c)agree���az L•z..�?�er and an�r other Bortv�er may agree to extendr � +, _• ' :�r�:
<br /> �. ,� ;s..
<br /> � � ' ;Y'. , mod�fy.fo.�or make any accammadatians with regard to the fe:?r=��r.'�thiti Secunty lnstnun�t c�c the Note without that '�`"'
<br /> ` :•;.{ . F.���rower s consen� ' ' :, ��•'-
<br /> , . � . 2�_
<br /> �.;� �' 13 NoHces. Any naGce to Baaowcr pmvidcd f��r:,�this S;rurity instsumert y�.all be�iven by delivering ii ar by .,;�,;,,;;' � ���;,.:
<br /> •' ' ;�aa:ling it by flrst ctass mail unless applicable taw rec�zr�a�s'of aaothcs mctROd:. rti'.�e notice�;hall be dimcted to ihe ti:
<br /> � '`�'r ' 'Property Ac�dr�s of Any other addre�s Botrowcr designa�:s by notire�r��.ender. :�;'r.otice io Z,ender shall be given by , . �,
<br /> .�t.:,. "- �,:
<br /> •,;�1' • •' �� �°t first class mail`ii�4ender's addrexs�t�ted hercln or any uddrey�.Le:���t��e�ignate�by notic�oa�Borrower. Any nodce � •<<:�
<br /> � }'° _.�� �l�Y�;5 � rovided iar in+�is Security lnstrument shal!be dremed�n have bcen':rr-tn t�BarroweF ar Lc;•�c�x ivhen given as prnvided . �`;'
<br />_ ' ' ��;:�;� ' y•',,�,''�" I»this paragc:rs��. • : '
<br /> c � ••
<br /> • ��`�i����� `-:� ' 14. ('r.ry4sning l.aw:SeYerability. This Security Intitrument�hall he gcti cr:�•�by FederAl law;md the law af tha s .
<br /> ' . �� �"�s�Y;. sF� ' jur�sdictian�^arhich thc Property is Icxutcd. M the event that arty provi�ian or":s4:of thiti Security In��rumcnt or tho f �
<br /> !�� : � � • Noce coniti��.y�a�ith applicablc law.�ucb canitict shall nat:�ffect othes a-ovi�i�n:c�:1�ls Serurity Instrumem or the Note
<br /> fl
<br /> " •�; • which cur►bt gi'�en effcct without thc cont!ictinb pravisian. To this c����r provisions of this 4aax;ity lnstrumen1 and thv � :
<br /> � , � Notc are�i�.la.*�.7 to be severable. ' }
<br /> � `� ' . 1S. $4es��wer's Cupy. Bvrrowrr�I�<::tie given nne canf��mied t�y uf'this Security tn�tt#t:r4�nr., l �' �
<br /> 16� Asstii�ameM oi Rents. 8orrrnver unwnditionsi�}•.aa."rgns and�ranyfer�to l.ezder a'.1 s':��r.::�ts and revcnues of the ! '
<br /> ' . . � property. Boaower authariae�l.ender or Lendor�ager:c�t,,'��-��llect�he rents and rez�osu�xtd tzreby directs each t�nant af ; � .,
<br /> • the Property to pay the rent�tn Lender nr Lender's z�a��r;;'��lowe�er.p,r?�s t���.c�;d:�:g:�r.olice:v+9orrower at'Borrower� ;: `�.,.' .
<br /> bmach of anp cuvenan�or agncmem in�he 5erurity In�tr�'���e`?:,tictru�.*+��.'sall cc•tazr��.tnd recet:e�11 rent�and revenues of t � �
<br /> ' : . the Ptoperty as:uustee for thr benefit nf l.endcr aud 8nrra-r•�7. 7N'iti�asw�cnent or_��^,�can�titat�s an ubsolute atisif;nmem �.
<br /> .. � aud not an assi�rttenl for additi��na1�ccudty vnty. � ," r�..
<br /> . _ ...' .. I!Lmder givey nuti��e of breach tu gurruu•er: 1 a)�ili ren��rcreived by gorto�a��halt be hetd by$nrrowrr sis wstcc
<br /> � ' for benetit of Lendcr�nly.to bc:applird tu Ihc�un�4�ccured by the 5ecunty f���t�wzicn�: Ib)l.ender tihaU t�e entiUcd to
<br /> - - -' �- - cotlect und recelve sli t�f the rent�of the Praperty:and(cl cach trnant uf tite Pruprrtw�ha11 p�y t�ll rents duc and unpaid t��
<br /> ' Lendet ar Lender's agent on Lcnder's writtcn demand to thc tcnan�. . '
<br /> - � ,". �, boaower hac not executed siny priat as�i�nment of thc rents anci ha.y rta�and will nui-}xrfortn any aet that would . -
<br /> sn
<br /> • . prevent Lender from exercivia�e its rights under th9s Para�ruph 16.
<br /> • Lcnder shal!not be required to enter upon.t:dce rnntml uf ur maintain thc I'�openy bcfon nr after giving nntice nS`
<br /> � � � . btexh to Borrower. Hnwevcr.l.en�lrr tx a�ud�ri�llp�UpQninted rereivcr ms}du sn at any time thcre is a brrach. Any . .
<br /> e
<br /> . � application of cents shall nnt cure or waive any default ur mv:ilidate:ury�ther nght ar remedy uf Lcnder. This:usi�nment
<br /> . -� , .
<br /> __----.--. ----�-•-�-�--' _ oi eeat�of the t'ta�sha!!term4ttate whert tfi�def+t�ccured h�the Secuntv lnsuument�S paid ln full. ,
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<br /> • . Ip+�r+�fJ{�ucr�f
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