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<br /> ` � payioeeb.wfiic�are nfened to a Ptapa Z.ac cl�e.the a�namt of auc�p�y�ats. A'ey cxoas poce�ova o
<br /> � � a�a�� P�Y �iede�dnas`und�er ibe Nale and diis Sea�ity Imtrt�ment s�lt be p�id ta dre retity � �_
<br /> lo �il
<br /> �Flee�. La�d�er�i col�foa aad�es autl�o�ized 6S►tDe Se�ar'cnrY•, , � ,
<br /> .. � _._!,Ge+eoisirirAeaekr�a�Debw '
<br /> � �a)D�f��iL Lmdecmiy.eaoept ss Wn�ited T�y eeSuluioas issued try tLt Setr�t�Y iM tbe ta►st,o!psymeat dcflwltsr _ ,
<br /> � . tr�qu;�e immcdiale pymeat io fiill of att wms aec�a�ed by dii�Secvricy L�n�ant i�
<br /> � f?Ba�r�vYes def�ut�bY�S m Wy in futl�p moathtg P�Y�ro9ui,ed by thi�Securit�l�inmumeat pria' .
<br /> �a�uailiednedataoftAeacxtmon�ttlYpayn�t.or ' �
<br /> ' (H?.Boao+va defsnl(s I�y faitm&for s period of duetp daY�+�P���Y�°�°��t°Oa'n�tlus
<br /> Sep�o�tlnst�ument � :
<br /> (b)Ssk Credit ApprovaL Leader s'.nil.if petmitted by applicable law�d with tbe prior appovai of t6e
<br />� Seaetary,rocp►ite imtnedi�ta pzYment ue fuU of all the sums sec�d bY tbis Saurity Lss�umeat it:
<br /> (i)All or p�t ot d�e .or a beaefecial inte.rest in:A b'usc oam�g a8 or�art of the Ptoperty.is sotd er
<br /> o�beswiteuansfazed(dhtr�d bYdeviuoc�desceatjbyr�haBoaowe�and � ' ,
<br /> (iiy The P�vpaty is aot oocupiod by►ihe putcitisec or:gAuue�a as his ar her piiucipal iesidenca.or tbe p�ctaser
<br /> or griota das so oaa�►��tLa,.Ptup�eity 6ut.�hia,•a.ber ciodiE I�as aa 6xa appmved in aocend�nce.
<br /> with tho of tb�Secretaryr.: . • ,
<br /> (c)Na Wairer��oaa�r that�a�cx�d�petmit l.ender to mquin mm�diate piyment in fWt,bat Lender
<br /> does mt��qte soch��pa�Iaeodet doesidbt waive its rights wnb respect w su6sequeoe eveats.
<br /> (d}Be�b�tio�of H�7D Secr�0�9�.In m�ysn�regu�aa�is�°ed bY We So�x�ul►will limit l�der's
<br /> - - -rigt¢s,;•s,-f-th.c�e uf.pay�eat.aefauTts.te_n+�eute immediate gaymadt�a full aad faxlose if aos p�id. 'Elus
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<br /> Secuaty Insuument does not au�thoriza aooel�ation oc famclostue�f twt pe�mitfed Hy fegulafiaas o-fthe SocTe�ury:- __--_
<br /> • (e)Mai�e Not L�sarcd. Bosmwet agters tI�t sboakt tb�s Security Insuuutietit�nd tho note secuied ti�aeby not .
<br /> . 6e;digibk for in.aaina n�ode�the Natioa�l Housing Aat�sin 90 OAYS ` ' f�om t1�e
<br /> c�t��Lateof,l.ender m�y.at its option ud naewidu�ndi��in8 m P�aB�Pb�►•�N���P�Y�t�
<br /> ' fiiti�llf all sams socuned by this Security Iaunmxn� A�rtoen•statdna►t of aay authaized a8ept of the Soc�etary , .� ;:,.::.;
<br /> a�a�u�►t� so navs . � ���n�a�w�g to��s�ry , . _. .,
<br /> Insocmnent ait@ d�e nou secured theteby,�1�.tie doenxd conclusiva pioof of such use(ig►3ility. Noe�ithuarding
<br /> �du faiegang,dsi.s aptiao m�y,na 6e ea�by Leader wtkn the anavailab�ity of�swanc�Is�sol�4yr doe to -
<br /> Lender'�faihue w reamt a nnocq;.,�"e insurance preraiwn to the Sazetary. `� t in fiill because
<br /> 1� ReimRak�pesb BoirorvraF�s;asig�t w be teinstated if Lender has tequued ienmediate paymen
<br /> of Barmwer's faiIure to pay an am�i`due wxier sia�•Nae or t6is Securiry Inmu�u.�.'IT►is right applies even after :
<br /> ' fon7closuce ptocoeding��e u�stituted. To reinstat,�tt�e Security Tnstrument,Bamwer shall tender in a lump sam all ``,:
<br /> amounu ccquired ta:brivg$arrowerh account cunenf includinS.ta the extent t6�g aie obligations of Borrowu�mder this -
<br /> Security instcument,fc�ctosure costs and reasona6le and customary attomeys'fees ac�d ea�r..�es p�vpedy assaciated witb,. .
<br /> tbe for�xio�sc proceeding. Upon teinstatertxnt by Borrower,this Security Insdrvmeat�d di�abligaao�s that h sesvices�": ,
<br /> sl�aU iema��ia►effect as if Lender had not requined unmediate payment in fiill. Haw-eczr�.er;.�'is not nquined to�ertn�;. _. .
<br /> reins�atealenc� C}�,�yr has accepted reinsta2�t afur the eonunencem,eri�Q�fs�di��rue procadiags witivn two
<br /> yea�s i��atety��i'� the commenceme�'i i�a cument forec losure�i�{�?''i e i�g t a t e n x nc w�p r o clude
<br /> forectosure an d�ffer��ds in tLe Poture.or�i�iw r�instatement will adverset��.ai��cr cfr��ic:socity of thr ti�a cneated by
<br /> this Seeurity Inswmen� �• . .� . ,: ::
<br /> 11. Borrower Not Rels�sid; �.�earance by Lender Nat a Waiver. Extensian; af� time of payment or
<br /> modification of amortizafion of the s�.���ecumd by this Security lnstrument granted 6y Lend�rtrs any saccessar�n intaest
<br /> of Borrower shall not operate to reteas��Se liability of the original Barrower or Borrower+s successor m interest. Leader
<br /> shall not be to commence proceedings agamst any successor in interest or refuse to extend time for payment or
<br /> otherwise mod��aznortizatlon of the sums secured by this Security tnshument by t�eason of any demand made by ihe
<br /> arigina�Bosrower or Borrower's successots in interest. Any for6rarance by ixnder in exercising any right or nmedy siiall
<br /> nat be a a�xiver of or preclude the exercise of any right or remedy. `
<br /> ��•�oa�atars and As4iEas Baand;Jdnt aad SeverAl Liability;Co-Signers. The covenants and ag�rtxnts uf :
<br /> this Se�cy Instrument shall bind and benefit the successors and as.cibms of Lendrr and Borrower.subject to the provisions. -
<br /> of Paragraph 9.b. Borrower's covenants and agreements sha11 be joint and several. Any Borrower who co-signs this ,,, ,
<br /> Security Insuument but dces not cxecute the Note: (��is co-signing this Secu�ty lnstrument onfy to mortga,�e.gr�t and '. .
<br /> ' canvey that Bomower's interest in the PropeRy under d�e terms of this Securiry Instrumen�(b)is not personatl�:abligated tv
<br /> p�y tlte sums secured by this SecuriN�r�strumen£�ui��c)agrees that Lender and any other Brnn•wer may a�e to eatead. . _
<br /> mod�fy.forbear or make any accomm���i::t�nc wi�t s'�;ard to the terms of this Secnrity fn.stwn�nt:�r the Note without tiwt. ,
<br /> Borrower�s wnscnt. - � _
<br /> 13. Nodees. My ndice to BoTroaer proviJ�*fof in this Security Instrument sha11 be��n by delivering it or 6y :
<br /> mailing it by Grst ctass mail unless applicabtc taw mguires use of anather method. The aaci�e shalt t�e directed ta the .`
<br /> Ptopetty Addnss or any other address Borcower des�rnates by i�atice to Lender. Any notic�cq Lender shatJ be given Ify . :
<br /> first class mail to 1.ender's address stated herein or any addresg Lender desig�ates by notice co Borrower. My notice .
<br /> pmvided fer in this Securiry lnswment shall be dcemed to havc li�:-,a�.given to Borrower or Lender when given as provided _
<br /> In this p3Fagaph. _
<br /> 14. Governing Law;Sererabiltty. This Security Instru�ner.t shall be govemed by Federal taw and the law of t�e� _
<br /> Jurisdirtion in whieB the Property is located. tn the event that ariy provision or clause of this 5ecurity Instrument or the
<br /> Note cartilicts with applicable law.snch conflict shall not affect oti�er provisions of this Security Instrument or the NMe
<br /> which can be given effect without the wnflicting provision. To this end the provisians of thIs Security instrument and the
<br /> •Note ue declued to be severable. '
<br /> !S Botmwer's Copy. Barower s�t�ll be given one confanned copy o[this Secutity Mstrum�nt.
<br /> • I�. A�en�at ot Rmta Horrower unconditionalty assi�s iutd transfers to Lender all t!�renu and revenues of tbe
<br /> "pnnperty. Borrower authorizes Lender or Lender's agents to col ect the rents and revenues and hereby dirccts�ach tenant of .
<br /> tht Plrape�ty to pay the rents to L.ender or Lender's agents. However,priar to l.endtt's notice to 8arower of Bomnwer's
<br /> � ' brae6 of aey cavenant or ag�e�nt in the Securiry[nstrument.BoROwer shall eoikct and rccsive all rcnts and revenues of
<br /> the Plnrtrty a4 wsta for the 6enefit of Lcmder and Borrawer. 'Thi.s csssignment of renty constitutes an absolute assignmcnt �
<br /> md nat�s�tsi�nt for additional secvrity only.
<br /> 1f l.ender grves nbtic�e of brcxh m Bormwer. (a)ail�ems.irceivcd by�omower shall be field by Borrower as trustec
<br /> for benefit ot Lender only.to be applied to the sums secuRd by the Securiry Inswmenx(61 Lender shali be en6tted to _
<br /> colkct aad roceive all af the rents of the Property:and(c)exh tenant of the Yroperty sh311 pay ali renu due and unpaid to .
<br /> La�der a Lender's agent on i.endefs written clemand to the tenant. ,
<br /> Ba�mMer 6is ntx e�ctcuted any piar ass�g�ment of ehe rents and has not end will na petform any act that would _
<br /> peeveat Lmder firom eaetrisin i�s rights undtr thLa Par�graph 16.
<br /> Le�nder sLa11 no1 be req�rod to rnter upon.talce cantrol ot or maintain the Ptoperty befar or after giving notice of
<br /> I�neacb w Barrower. Hov►rever.l.ender or a judici#Uy apQointed toceiver may do so at any tiwae ttKre is a 6rcxh. My
<br /> �ppic�tioo of reets si�ll oot cune ur waive any defwit or mvalid�te aey af6er riEht a temed�►o[l.ender. This usignmrnt -
<br /> of'�an d�e Fkopaty shatl termin�le vW�ert the deDt secured 6y the Security Insnumrnt is pa�d irt full.
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