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<br /> ¢` , - � �� � �. � .� - �, � � � � . � , .. �o�g�� � � � -
<br /> _ - � _ . . . � . � _ � ���. -�-
<br /> � paymeuts,w63�h am iefened w ia .P�ch�ege the amount of sarc6 p�ymeats. Any excas proc�eeds mer an�
<br /> amom�t reguired to p�y�outst�dieg inde under the Noce ud this Sec�rrity Insuuman shaU De pLd w�e ea�iccy:
<br /> - — �+uyenr,�eac�ew �
<br /> < � Fea.l,a�drr msy.�aikct fees a�ad chuga+auti�arizal by tlte Sec�et�Y.�.
<br /> � ! Growdf�ar Acaiaatio�atDeb� .
<br /> (s)DetaW� l.ender msy,exapt as limited br ngvlations�.ssued by t�Secretar�►in the ca9e of paya�eat defwtts.
<br /> ��mmedi�te P�Y�nt in fu1!of all sums socis�bd tty this Socusiry tasaumen[�
<br /> t�)Bot�wer d�fw�tts by faii'sng ta�pay ia fult anp�uhlg PaY��l��Y��nrY insuua�ent p�:
<br /> • tao�an tt�t due due of�he nea�t awn�bty paryment.cx
<br /> �. , �(u)Rotmwtc default�by faiJing.for a period of tnirty days,to pedarm any wher abligationa contained in.this
<br /> - — Sacud Ii�umait
<br /> -- . (b)Stk�Cs�Approva� Lender shall.if pem�itted by applicable iaw and with tNe prioc appmxo!uEthe
<br /> --.��.. --- -- '. ._.Ss�t�r�raquit�im_maliarc-QsYmen[ia fu11 af a1Ltt��s�sut�by_tbis Socurity_Inspument iF _ --
<br /> (i)All or pnt of tLc or a 6eae�aCinteRSt in a uust ownuig a�i a p�oTibe Pi�iiy;is�1�—-----:
<br /> . o�.���at�by�aa��f�yu�B�W�.�a
<br /> :. cu�7�e Propercy is na occupiai ny the p�Ct,aser a gra�uee as tus or 6er principal residan�c.�tha purchaser
<br /> . �, a grmta does so occupy tbe Ptoperty but fiis or [�er credit ltas nat heta approved i ui.�accadance
<br /> - �`� with t6e tequinemenu af thc Se�+aaary. - �-- _
<br /> {c)N o W s i v e r. I f c i n v�t a�c e s a c c u r t i�t w o u k f p e m�I t L e n d e r t o c o q u i�e'�ed"iate p a ymcnt•in;fiil�!6oc I�errfer
<br /> does not rtquue suc6payments.lxt�det das not waive its righis with nespect to subsoqoe�t eveFtts.. �;,n:-
<br /> , : _ (d)1Te�ul�tio�ot HUD Secret�r� In mwy circumstances cegulations�ssued by the Secretary;wal:Tunit Lender's _-_
<br /> �Y
<br /> rights�u�tbe case of payment defaults.ro ra�uin immediate payment in full and fo�eclose �E�not ppid.` 'i1�is _
<br /> � , Secwity Tnsnument daes nat autho�ize xateraaoa�faectosu�e if not pertnitted by r+egulatinna o�t6c Sxretary. _ ---=
<br /> =.; (e)Mort�e Nat Iasnred. Bortower agRes thu should this Securicy Instrument and dw note secvred thereby nat - ___
<br />- , ;� �be etigibk for insa�u�ce w�der tUe Natiaaal Housing Act within 8 manths �� _ . _
<br /> . :.; . %� date heceof.I.ender tnay.at iu option and natwidutandinS�Y��S��S�Ph 9.tequae.imtnediate paymcnt in —
<br /> � ` tull oi ali sums secund by this Security Insmunen� A wriaen statement o€any anthorized ragene o6 thc 5ec�+etac}r _-�o____
<br /> .. �:• _ ,,
<br />� �y,'`�•� " dacedsut�sequent to 8 months . fcom the date he�eaf.declining co Insure this Security '�:r;r_--
<br /> -+ r_sw �i�a:
<br /> ... - - . Inst�oment and tLe aote sec�tt�d theceby.shall be deemed conclusive proof of such inaligi6itity. Notwithstaadin$ . ---,,�'-
<br /> • the foregoing.this option may not be eaercised by Lender when the unavaitability of insurance iv sotety dEie w �,<<>rtrt4=_-
<br /> � �-� . `,;,;;;.: Lender�s failute to Yemtt amortgage insurance ptemium ta the Secretary• ',�?#''f+��
<br /> '�=��',: �..�� • 10. Relastahmeaf. Botsawes has a right to be ceinstated if lxndcr has required'unmediute pn�eent in fult f�ecause ,:.i;�;. ,=K��
<br /> � • 5,-- ':x�� of Borrower�faitute ta pay an amo�mt dae ander the�Note or this Security instrumen� T6is�aht�apalies even after !^r . _ �.
<br /> �.:�j . �.i•;i ' � J' " ' —._.
<br /> �>: forectosure proceedings are�stitutcd.' To aefnstate the Securiry Insuument,Bormwer shalr�tznder,ia a tump sum at1 ��� ��
<br /> �u.: i �..s�`';5, ` • '`�.. �„ . .�_-:'---
<br /> �- ..,, amannts nquiied to fxing Horsower's acc+�ti�surrent including.to the e�ctent they are obti�ations o�$aaower under this _ �� <�e�
<br /> �.� , '_':l�,F:.x°;��
<br />, �y , ` Sa;uriry Inst�neat,focectosure costs and masonabte and customary attomeys fees andeapei�sea p�vperly assaciated witti :`:.i ,,;,.
<br /> �� - tho fozrctosure proceeding. Upcm reinstatemeat by Botrower.this Security Inmument and the obl:gations that it secures :,�<<;.;'�:.-:-�
<br /> � "�r� . � . shall rtmain in effect as if Lender had not minired unmedia[e payment in full. However.l.ender is�IIequired co pecmit , 't�'s`
<br /> �•t�;. ' - . �rinstatemeat if• Cnl 1-ender has acccpted ce�statement after the commencemettt of fareclasare�tgs w?�a i�,vo ~ /;'.`��•.���:
<br /> `� ' ,.YSazs immediatstp preceding the comme�cs�t of u currene fareclosce�re proceeding. tii).reinstaee�ent w�tI pmcYude . __ _
<br /> ���� -;. : '" ' , � fam,cIostue on different grounds in the ftir.u�e,:iiii)reins�tatemeat will adt�rsefy affeci tho ptiority of iha tien cn�ted by , ``,`;'��
<br /> � '• � � y�,c�rity lnsuument. : ' • • ".•� ; :. ` _
<br /> :� �_ �21. Borrower Hot Be&�a.sr�;For�aace by i.ender Not a Waiver. ��z.ri�n of,the tima of payarxnt or �•��;� `.�a_
<br /> • modification of amortizatiora pf i�:s�ms sec�-�.f by this 5ecurity Instrumem granted b�'tiender ta any successar m interest �`�' �_'. '�
<br /> ' ' '�,� of Rorrower shaQr�sat operaie to release the Sia3ifity af the original Borrow�or Borroa•er's successor m inte�ese. l.ender `,' ��� �
<br /> �;_�l '�`�� •_ "�r`• shap not be rec�uirec�to commence proceedin�agamst�ny�uccessar uf i�..'rest or refuse to ea�end time for pay�nent ar �'.;`_ _ __
<br /> .,;:.r; ;�+�� : _ aherwise modi�'y amoitizatian of the sums secured by this Sccurity ��u.�sent by reason of any damsind mAde by the =
<br /> .:r ossgitrat Borrower ar Borcoaers succ�ssors in interest. My forbearanc.e��.'ender in exercising any right oe remedy sha11
<br /> • - - nos be a waiver of or preclude she exercise of arry right or retnedy. ' • ` r �.;�-�
<br />• �:T�;.�r ' � .,; , l2. Suooessors and Assigns Bound;dol�t and Several Liab�i¢*;C"v-Signers. Tho covcrtuntx and agreements vf ;. �. • �*_:.
<br /> this Security Instiument sfiall bind and benefis�he successor�and assi�a�a��ender and Barrower,Fubject tv the provisions
<br /> ., ,� ;; - •� . � �;.,
<br /> �?� '�::�:' ' '� � of Paragraph 9.b: Borrower's covenants aad agrcements�hall be y�m:�:ra several. Any Borrovfe�r wha co-s�gns this ;;:
<br /> •� '�r•�;,:<"� Security Instrument but does not execute th4 tiare: (a)is co-signing tt�us�urity Insmmsnt onty 2�c�ortgage,grant and � � _ -•�:�-.
<br /> � •+':°���t � '�. �• conv t hat Bomower's in teres t in t he P m u n dc r t h c t e t m x o f t h i s S 3.-w-i t y l n s t r u m e a fi I b?is not p e raonall y ot+t�;,�;t:d to � '�=--
<br /> "": �, - - pay th sums secured Dy th�s S�curity Inst�ent;and ic}a�rees that l.ender and acip�ti�:er BorroweF muy agree to excenc}. I . • - .,,r;,;
<br /> , ,. mod�fy.forbcar or make assy ao:amm�datior.s wi�h regard to the temis af this Sccurity Z��rr�ment or tha Note w�thout that �i +�.,r;+,,;_°.
<br /> • -,':' Borrawer'scons�nt. ' ;. •�
<br /> ''�'.;s - - � �'• .� � 13. NoHees. Any naiice t'o Hoaoa�pravided for in this Security imtrument�shaU bc giver i��defivering it ar by • � ` . .
<br />� �'�•-�'�r . � ' ' mailing it by first ctass mai{unles.s applica'�7e law requireti use�f anothcr mcthad. 'i'he notice.:fi:a7a be directed to the �� . ,_� , ,
<br /> � - , � Y�r�erty Addre.�.R or.any at3�er�idress Borrower dc�ignaiec hy aatire ta Lender. An4 notice ro l.zt�de�shal)be given by i�, k'it:
<br /> • ficst'class mail to Lender4 aw�lse�.s +tatcd hcrcinur anu addresti l.cnder dctiigwtes 6y nutice to Borrawer. Any notiCC ( � . �,`, �;�
<br /> , , � . Qrp'vided fm in this Sccuri'�Instrument shall be dcemed c2�F�avc been given to Barroweror l.ender when givrn�.v provided !,� f:;��•,. : , �� �
<br /> � in this paragraph: �• ' • �
<br /> � 14. Gocerrt'.a��Law;Severability. T�:i�Security inssrumem shall be guvemed by FcderaJ law�nd the I:�w of the .�', .
<br />• ' � • �� � �r.- �'• jurisdietion ln av3�fsch the Propeny is loeuted. Ser the event that any provi�ii►n��r cl:tuse of'lhia Serurity lntitrument or the �� ;
<br /> �i%: '• Note co�flicts wish upplirabte law,sunc�onf;ct shall not affcct o�Uer pu�vi�iun�.af shiv S�curity ln�trument or E1�e Note ��
<br /> ' ..' '��.,�`:;�:`;-�, ; w4�ich rIIn be given effect r�.ithawit tho contlictinp provi�ic�a. T'o this crtd Ihe pmvi�ivru�a.`thi»Security ln�.trumcu�¢zy,�thc 'i �,;;,:,•
<br /> - '��.,.',�.:.;i x'�1,, . r . �` ,i .� . .
<br /> Notc ara declared ta be severa:`'2�. ;� �'�:;;,��.,
<br />• •`•�;fr '"i�'''�'�' l3. Bot�awet's Copy. P��awer shull br given ane cunfomied capy nf this Sccurity lnstrumunt.. , .
<br />, ��,..�:,•:'� ;., '•, ,
<br /> . ` , ;.��;,,� 16. �atm�qt of REni.�: Borrower uncandri�unaUy.��.yigns and tran�.ferv to Lender all thC r�rc�dnc!r�n�e:��s of'the ?� �,
<br /> ."`-•;�!: '� Fl�operty. Bomw�u xuthbriz:s i.ender ar i.rnder:u�;ent.t�>a�tlert thc cc�n and revenucs;�nd hrreia.sr�,-��ctc cach�ant of
<br />� � � '�� ihe Vropprry to pa�the rentr ao Lcndcr ur l.enderc agents. Nntivcver, ;e*,;�c�to I.en�'esy natice ta P:n:��rt of�a�*��er s '� `�'
<br /> � . • .I,f..:,:`,I'�'. ', r...<,�,t ,,
<br /> ,-;. , �. E+reaeh af any rnv�rtnnt pr a�r�;�ent in the Security lnrtrumem,t3um�wer tihuU cat.c.��t�.�s'_reive at1 rent��nd r���:�f 'I� :.j;'",..
<br /> ,:��;, . thc Aroperty as trustec for r��e c+a;�efit nf l.cndcr anJ Hunowcr. 'fhi�a«ignmcnt<�f r��;iv 4�ytiwta�.an ubsnlutc:r:.�~?cn� i I� .
<br /> ' ' . and aot an assigttment for sd�"trianal ururity only. ;�. •
<br /> , .. . If Lender��ves noflce of breach to Harrnwcr: 1 a)all tentc rercived by Hnaower shn11 be hCt�f 1��$�r.owt7 as tivstee '� �
<br /> ' for beaetit of l.ender only.tn be applied tu the sums secured by the Secunty Imtrumcnt: (b)[.ec��,��.Fa1I be entitled to ��
<br /> _ cottect and receive atl of the rents of thn Pmperty:mtd tc)racl�tcn;uu uf the Propetty tihaU•pap�.ilFm.�:;3�e�;��p�a}d tv
<br /> �. ' • Lender or Lender's agent un Lender's wdttcn dcm;uid tc�thc tenant. ' � • '� . .i
<br /> � Borrower has not execute�l:ury prinr assignment af the rents and_has.n�i and�cvill�nat perfortn any u�:+sizxr•wuutd _�., _
<br />` - � - - prevent Lender from exerrisin �ts»ghls under thl.�PSrap,r�ph 16. r� - -
<br /> " . Lender sha11 not be reyu�tn enter upon.lulce cuntrvl of nr mainiain ihe 1'ropCrty bCforr or afier giving nouce of ;�
<br /> � . . • breac6 to 8arawer. However.Lendcr nr u judicially app�intc�!rcceiverm�iy do so at a�y timd tiscte iy a 6rcuch. Any .�
<br /> . � ,. • , application o!rents shall not cure or waive:u�y detault or invalidste any othei�ri�u�r rentedy nf�lxnd�r.� T6iy 3ssignmem .
<br /> � -�----�------ .�� _ of rrnts of tho�ri►peMy shall teemin�te when the debt secured by the 5ecurity)nswmcnt�iw puld imfulll!_
<br /> _ _ �__. : . . .. .
<br /> . _... - -r----•---- — -- --
<br /> , • �pu,�P!,Jdpugn,�
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