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<br /> . �� �`•�°� -- — - - --- 1�'17''�'
<br /> p�ym�pls�which�e�eferred ta in PMn�rapt� 7�cK sh�o 1he�mount nf such p�yment�. My exca�proceed�ovar�
<br /> �owa►t �D�Y��i indebied�,aa uader tne No�e�nd this Security fn.wrrwnt�Q b.pid a dr«�ey
<br /> - ��tha�atotnty oollect faa and ch�rsea wthori�ed by�be Seccetsry.
<br /> !. Grarrd�fbr Aa+eMntlo�a�Debf.
<br /> (�)D�hrN. l,ender miy.excxpt ai limitod by��uluione iuued by the Secretary in the caie of pyment defwlb.
<br /> nq�i�e inunodi�ts pRyn�nt�u tull ot�Il�uma�ecured by d�is Sacurlty Iruaument if
<br /> (�)Eianuwar dafauit�by fdUnR to pay in iWl�ny manthlY WY�ro9uired by thfs Security In�ttuat�nt p'�or
<br /> — ---- to or on the duc date af the next monthiY PAY����'+'
<br /> (it)Borrowet dafwlt�by f�ilin��for�penod of thirty dxyi.to pertam�ny othar abQ��tfona eontained in thi�
<br /> Security Iaetnnrron�
<br /> (b)Stle WitMout Crodit Approvsl. Lender�lull.if permitted by applicabfe law w�d with the prior�p{xoval of the
<br /> 5ecat�ry,roqujre immedi�te paymaat in fbll of�Il the sums sacurai by thi�Secudty Irutrument if:
<br /> (i),�11 a piut of the pro�erty,or a beneficlal intereu in t trust ownin�dl ar p�t d'tha P�v{ieRy.i�wid oc
<br /> otherwise transfened(otlier than by dcvise or deacent)by the Borrower,and
<br /> (ii)'The PropertY is not c�eeupied by the purehaser or w�ntee as his or her prineipal�euidenco.ar the pu�+chuer
<br /> a grantoe does so occupY � �'�P�KY but hi� or her c�dit hAS not been �ptnved in �ccord+�r�ce
<br /> with the roquiremcnta of the Secrctary.
<br /> (c)No Wiiver. If ci�umstances occur that wauld pecmit[xnder w requi�e immodiAte pxyment!n full.but Lender
<br /> does not requirc cuch p mente,Lender docs not waive its righta with rcspect to subsequent events.
<br /> (d)Be�uMtlws at H4�Secretuy In many cf�cwnstances n�ulotiana issued by the Secretary will limit I.enderk
<br /> d�hhts, id the case of payment defwlts. to requioe immediue pyment in full �nd foreclose if not paid. This
<br /> Securky lasnument does not authorize acceler�tion or foroclosurc if not petmtned by regul�tiona of the Seccetuy.
<br /> - - (e)Mat�e Not Inwred. Bocrower agms thet shoutd this Security Instrument end the note eecured thercby not
<br /> be digible fa ins�ra�xe ander the Nadaul Housing Act within 90 DAYS from the
<br /> dsue hera>f.Lcnder m�y.at its option and notwithstanding anything in Par�graph 9.require immedisu payment in
<br />— — fuU of all sums securr.ct by this Securlry Insuvment. A wdtten statement of any authoriud agent of the Secretary
<br /> deted suhsoquent to 90 DAYS from the dau hereof,declining to inxure this Socurity
<br /> :- Instrument and the note secured thereby,shall be damed conclusive proof of such incligibility. Notwithstw�ding
<br /> the foc�egoing,this option may not be exercised by Lender when the pnavailAbility of insurance is solely dua to
<br /> l.ender's failure to remit a mortgage lnsurance prcmium to the Secteutry.
<br /> 10. Reu�statemen� Borrower has a right to bc t�einstated if L.cnder has iequired immediate payment in full because
<br /> of Borrower� fai(ure to pay an amount due under the•Note or this Security Instrument. 'ihis rfght applies even after
<br /> -�- foreclosure proceedings are mstituted. 'Ib�instate the Secarity Insnument, Borrower shull tender in a lump sum all
<br />-- amounts requtred to�ning Borrower�s accaunt curnent including,ro the extent they are obligations of Borrower under this
<br /> _a
<br /> --°— - �:uc+ty Iasuurs�cni,farula ure c�ts snd stssoneble anc!customary attomeys'fees and ezpes�s's pro�crly essoclat!�d wish
<br /> the foreclosure proceedin�. Upon reinstatement by Borrower.this Security Instrument und the obligadons that it secures
<br /> �� shall mmain in effect as if Lender had not nc�uired immediate payment in futl. However,Lender is not rcqui�+ed to permit
<br /> -� reinstatement if: (i)Lender has accepted remstatement after the commencement of forcclosure praceedings wittnn two
<br />_" yeats immediately precedin� the rommencement of a curmnt foreclosure proceeding, (ii) reinatatement will preclude
<br />''•�•,, foreclosure on different 8rounds in the future.or(iii)rcinstutement wili adver�ely uffect the priority of the lien created by
<br /> this Security Instrument.
<br />� 11. Borrower Not Released; For6eurance b� Lxnder Not a Watver. Extension of the time of payment or
<br /> .., r ' modiftcation of amonizetion of the sums securcd by thts SecuritX Instrument granted by Lender to any successor in interest
<br /> of Borrower shull not operate ta rcleatie the liability of the origmul Borrawer or Borrower's successor in interest. Lender
<br />__ �� , :�;�. shall not be required to commence proceedings agumst any succcssor in intcrest or rcfu�c to extend timc for payment or
<br /> .,�. otherwise modify amanlzAtian af thc sums secured by this Sccurity Instrument by rcuson of :u�y dcmand made by the
<br /> - , ,� �• • ��- original Borrower or Borrawerk successors in intemst. Any fo�benrance by Lender in exercising any right or remedy Fhali
<br /> .� �r �'.
<br /> ,,,5��,��'";;,' not be a waiver of or preclude the exercise of uny right or mmedy.
<br /> }��!<�',�,'*w�'�. 12. Successors pnd Assigns Bound;Joint And Several I.iabUity;Co-Signers. The co�en�nt�and ugreements of
<br /> .�s•;�:+xs�•+sn�.-.+a�•� this Security Instcument shall hind and benefit the successors und ussig�z of Lender and BorrowGr,xubject to the provi.r•ions
<br /> r ��+��. of Paragraph 9.b. Borrowerk covenants and ugmements shall be joint and several. Any Boaawe� who co•sibns this
<br /> � '�'' ���•..� Security lnstrument but does nat execute the Note: (a)is co-+igning tbis Security Instrument only to monguge,gr3nt and
<br /> � �, convey that Borrowei's intemst in the Praperty under the terms of this Security In,trument:(b)ir not personally obligated to
<br /> ,,,,,,'�,�� puy the sums�ecumd by this Security intitrumenr,and(c)a�rees that Lender and uny other Burrower may agree ro extend,
<br /> � � . � � modify.forbear or make any accommcxlationz with rrgard to the tem�s of thi.Seruriry Imtrument or the Note without thut
<br /> " . �;..�;. Borrowcr�conscnt.
<br />- �� • .•�_;,. ._.;. 13. Notices. Any noticc to Borrower provided Por in thir Security Instrument�hull bc givcn by delivering it or by
<br /> r,�. muiling it by �rst dass mail unless applicahle law rcquirc� uu of unother methcxi. 'i'he nutice Shall t�e din�cted to the
<br /> -_ - �:-� ., Property Address or any other uddress Bortower dcxi�nates by noticc to Lendrr. Any notire tn Lender shull be given by
<br /> ..ti..::..• .. first cluss muil to Lenderz addmss stated hcrein or any uddrrs. Lender de+ign;�tr�by nutire to Borcower. Any notice -
<br /> � ��y;: �: �rovided for in this Securiry Instrument vhall Ix dccmed to huvr lxrn�iven to Borrowcr or Lender when givcn ax pmvided
<br /> �� m this pumgraph.
<br />'. �ic: 14. (:overning Law: SeverAbility. Thiti Serurity In.rrununt �hall tx guvcrncd hy Frdrral law and thc law of the _
<br /> x.. urisdiction in which the Property ix loc:�ted. In the evrnt ihat any pruvi�iun ur rlautic of this Security Inxtrument or thr
<br /> �ote conflicts with •rpplic:►ble luw, xuch contlict.h.�ll not affrrt othcr praviriuns��f thiti Security lnstrument or thr Notc
<br /> which can he given effect withuut the conflicting pruvi�iun. 1i�this end thc pmvi.ions i�t'this Securiry Instrument anJ the _
<br /> • Note urc decland tu be�cverahlc. -
<br /> .i6 � IS. Borroe•er's Copy. Bon�>wcr.hull tx givcn anc ronti,rtnrd r��py uf thiti Srrurity In,trument. `
<br /> • • 16. Assig�ment of Ren�g. Borrowcr unconditiunally a+�i�;m;md tramfcr�ti�l.cnder all thr rents unJ revenurs of thc
<br /> _ � , � Property. Borrower authorirex Lende�or I�end�r�agent.to coUcrt the rrnt.und r�venue.and hrrrhy�dinrcts rach tenunt of
<br /> the Property to pay thr rents to Lcndcr or Lenderi ugentti. Hoa•evrr,prior tu l.cndcr'.notice t��Borrowcr of Borrawer's
<br />- � '� breach of uny crnenant or u�rcement in the S�rurity In.trument,Borrou•er+hull collrct:uid rcreive ull mntx und rcvenue�of
<br />��� ;F`�. the Property us tnixtcc for thc Fxenetit of Lendcr and Horrc�w�r. This u,xignment of rcnts contititute�un ubsolute u+signmrnt
<br /> 7:�,� . ��.:. . : ru�d not un ussignment for additional security onl�•. -
<br /> _• ,g;,. If Lender givex notice of brcurh ai Borrowcr. (al all tentti tcrrivrd by Borr��H�cr tihall lx held by Borrower as tn�stec -
<br /> - — t_t.���C....0 1....l... ..t.. �..{w. nl:w� �n th...m».w�•unul hv thn G..•��ritv In.hYUn..nt• �61 1..n.l.. .�{.,.11 {... nt:d.vl t..
<br />:-.-;�_ .:...::-:�.-.-.--.,-:-ti--�--- a.,. ....�........ ..,......... t:...�. .......=rr..__ ... ..._ .._......."^'-- •.� ..._ ..___..._ ......._..._.... .�. _.....,...'........ .._:'......_.. ...
<br />=��`y� °.�=;.°'':`':' '°.°" " colktit and receivc ull of thc mntx of thc Ru�xrty:und Icl carh tcnunt ot thr F'ru�xrty,hull pay a�l mnts dur und unpaid tu
<br /> �' Lendcr or Lcndcr's ugcnt cm Lrndcr'.writtcn drmnnd h�thc trnunt.
<br /> _ .s;;, .=-ix.;�•� � Bnrrower has not rzecutrd uny prior u,.ignment ctf'thr rcnts und ht►.nut and will nut�xrti�rni uny art thut would
<br /> � prevent Lendcr from exerci.ing it�right.undcr Ihi�F�aragraph 1 G.
<br /> �``�--_`'��� '� Lender.hall n�x t►e nyuircd to ente�upon,t;ae ci�nvol uf or maintuin the F'ro�xdy txfim ur aftcc givin� nutire uf
<br /> '=� '"�'=" ' .:� breach to Borrower. However, Lender or x judiciall��ap�wintcd rcceivrr muy� do .o ut uny tinm th�rc is a bnarh. Any �
<br /> --�`�•;.�'���'." uPPliration of rcntx sh:�ll nnt curc or wuivc uny Jet:wh ur mv:�lidatc any uther right ur r�mrdy uf Lendcr. Thi.a.,ignmrnt
<br /> ���"''� � � of rents of the Propeny shall tcrminute when thc det+t urured By thr Sccurity In.trumrnl i.paid in Fult.
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