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__ � — .. - ' ' -_ ' �+�.. ...C�, — ,-�", ` _ .u'_:- .. � . � �'�ti�-:: . :l-3�. .. . , . . c" . - ' ' j'' ` :.. _-'___'_ - - -- � ° ,. ,, ' - _ . _ .- ' 9�' �� . �.. c . h.. . . . . . 1 . " . plY�f,�1{�l ifE tCfC[TOd W iD�7j1b�s 0[C�F,IT�1C 1�dtY1[Of S{IC�1 piy[11EiUS• l+IIyi C7Lt7�t4�000ldf tiYlt� " �+��1xY��B iodeb�adneas under�e'Note aed"this Sa�ucity Iasorammt ah�ll be pid to tbe eati[y � �eptitfed tircreto. � • ' . Feai. Leadet maY oulkct fxs aod`chvges�utHarized by the S�c�et�►• • • _ , . � (3ra�M1 far Ae�teratJo�atDrbt. , .(y�It.LenAe�tnsy.eucept�s limitod by tegulations issued by the Sasetary in the case of pa�meat defiotts. �equiie immodiatt pa�eat In fu�l of all s�s sec�od by tfiis Socuriry Inswme�u iF ' (i)Hormwea defaulta by fiitiag to py in fuU anY��Y t�Y�t n4�bJ►�Sa'mi�Y ic�nuntat Qnoc to oran the dut daoe of tlx tieatma�tLty pay�aeat.� _ _ (ii)Banow��by failing,fat a periad of Nnrty days:to pafcam any other�obligatians cantained in this (b)�t Crtdit Approv�l. t,endu shall,if permi�ted by applicable Iaw and with tLe prior appovat of tl�e Saxetary,soquire immaliate payment in fiiU of all th�sums secuned by this Secutity L�sttument if: � . . (i)Ali a part of the Piropary.a a brnefici�l inteiest in a trust owning all or p�tt of the Rnpaty,is sdd or otLawise tiaasfer�ed(otber th�a by devise a dcscent)bl►the Bormwer,and z.. . ' • (ii)'!he Ptvperty is nat occa�pied by the pu�6aser ar grantee as lus ar hec priacipzl tesiderxe.or tbe pac�haser c- or g�antee does so ocxupy the Ptopaty but his or ber aedit has aat hcra 9ppruvod in accand�noe � • with the leqiiaecrie�ts af the Secs�etary. (e)No Wi�rer. If c.u�vca�tauces occur that wouid peemit Letder to nequiee immodiate paymem in fu11,but I.eadet does aot�aquize suchpaymeats,Lrndecdoes na waive i�s dgh�with�spoct to sabsequcnt events. (d)Re�tlo�oE�iUD Sterietsry. In many ci�urnstaocts ngutatioos issued by the Seccetary wdll limit I�ender's rig6ts. in t6e case of paymrnt defaults.to tec�uir�immodiau payment in full and fonciose if aot paid. This Seauiry Instrument daes uot authoriu acxelerahan or faeclosune if not Pum►ued by�egulatlms of the Ses�etary. (H 1r1a1Pi�Na intur+ed. Bonowcr agrees d�at sl,autd d�is Socuricy Instnut�enc aod a�e nae secwrd ti�eby rwt ' be elig�ibie far in.wrance ur�der tbc National Housang Act within 8`l�orit�.s. �om the � � - date he�eof,Leider may.at its option aud notwithst�d'mg anytUing in Paragraph 9,re4��WY1n�� . fuil aF all sums sccured by this Saauity Instrumai� A writtai statement af any authoriud agmt of the Su�etay dued sabsequeat w g �ontl�s from the date heceof,declu�ing to a�t this Socurity Ipsuument and We note soccu�d theneby�sl�all be deemed conclusive pmof of sucfi iaeligo'bility. Nonxithstanding . the far�going.this option may not be exe�i.s,ed by I�nder wi�en tbe unavaita6ility of iasu�nce is solely da�to. � l.ender�s failuce w remit a matgage insarance premium to the Secretary. l� Rein�t�t Bormwer has a right m be aiastatod if Lender has�equued imrtKdiate payment in full because of Bonower's failun ta pay an amount due w�der the•Nate or this Security fnsuumecu. 'il�is nght applies evea after faectosune pmceedir►►gs aze inrtituted. To Teinstate the Seauity Inst�ument,Borrower shall tet�der in a hanp sum all amoums:oquued to�pring Borrower's accouni cumnt inctud'mg,to the eatent Uxy an obliga6ons af Botrower under tl�is Sec�uiry Instrun�ent,foseclosure costs and itasonabie and custanary attomeys'fas and expenses properiy assaciatod wi16 �he fa�c�osace praooeaing. t7pon nias�atemrn�by Borrower.�secuzity rnmumrn�ana�e obuga�iau s�c it secures shaU nmain in effect as if Lender had.not rec�uimed imr►�tdiate payment in fuD_ Howevet.Lender is na zequued to pamit �reinstatemene iF �)[.ender has accepted rinnst�ment after the comir�encensent of foreelos�ne pr000ed"mgs within two • years ima�ed'aFelt��preceding the commencement of a cunent fineclosuee proceedirtg. (ii)reinstatement ar�l peclude fasec��nse�d�e�u grounds in the futute,or(iiiT��nstatement will adversely affect B�e priority of thelien cnated by this Sec�aty�Iex�'r.amen� 11. Borrot�er�iM Rekased; Forbear�ea by Ltnder Not a Wai�ra: Eater�ston oF the time of payment or madification of arnari�adon af the sums secured by this Security Inswmert geanted by Lender to any successar�n intecest of Borrower shall nca apersue�to releace the liability of the original Borrow•es es Borrower�successor in inteies� Lender = sh�ll�wt 6e reqyuired to wmmence proceedings against any successor in inteaast or mfuse to extend time for payment or otherwlse modify amortization of the sums sccured by this Security lnsdumerit by reason af airy demand made by the ' - original Borrower a 8amwer s successors in interes� Any forbearance by Letber in exer+cismg any right or remedy sbap not be a waiver of or p�eelude the excrcisc of any right or rertKdy. 12. Su�x+e�on sed As�v Botind:]alnt and Seversl Liabitity;Co-Si�uueeB. The coverrants an�agaements of ehis Security lnswment shall bind and benefit the successors and ass�gns of l.ender and Borrower.subjec�ur d�e pm�uwns of Pmragmph 9.b. Bairower's covenants and agreements shall be joint and several. Any Borrower�vhg co-signs this • Sectuity lnstrument but does not execute the Note: (a)is co-signing this Security lnstrument anly m r.,�'�.�age,grant�d - conc�tL+at Borrowu's Interest in the Property under the terms of this Security Instrumen�(b)is not�per�.�ally obligate3 tu pay ds�3�uns serured by this Security lnstrumen�and(c)agrees that Lender and any other Serr�.ti':smuy agree to eatend, . mod'�'jr:'_`cir6ear or.m�ce any aceommodations wirit*eaard to the terms of thi�s Security lnsmlmtr�,cr tln:fYote withaut Uut Bon�nwa'scai'�s; . " . � ' 13. Noti�.�,;:+�..^'y notice to Horrower protijded for in this Security[n;�S�,uT[en1 shall be,given by�etivering it a by mailing ei 3iy fu� ciass mail unless applicable faw requ'ues ase of another r.rethod. 'Ihe�sotice sha116e dimted W the Pmpecty Address or any other addres�Borrower designates by notice to Lender. My nntic,�ca Lerakr sh�ll be giveo by � fust c7� mail to Lender's address stated hemin or any address Lender designates by nc�ic� to Barrower. My naiee �rovi�for in tlus Secwiry Instrument shall be deemed to have bcen given to Borrower or Lender when given as prov3ded _ m tt�is pa*+SraPh• - 14. GoverninE Law;Severabllity. 'iT�is Security lnstrument shall be govemed by Fedetal law and the taw of the _. • jurisdiction in which the �s tocated. M the event that any provision or dause of this Security tnsttument a tlee ' Note eontlicts with applicab law.such canflict shall not affect other provisiotis of tlils Security ItuWmetit or the Not� whicb can be given effecl wiUtout the canflicting provision. To this end the provisions of lhis Security lnsttument�tix = . Neto a�declarcd tobe severable. • • 15. aorrowQls�js�Borrower shall be;�rn one confarme�copy of this Security lrtsuumen� 1i. A�ip�ot enfs. Borrower unctutiditionally assigns and transfers to I.ender all the rcnts�ee�enues of t6e . �Prnperty. Borrower xu4�orizes Lender or Leodes's agents to collPCt the rcnts and revenues and heceby di�exh tenmt of th�Pirnpert�e to pay the,rents to Lender a Lender�agents. Hawever.prior to I.ender s na6c+e w Borm�er of BoaoMer's bRach of any covea�nt a�gieemetrt�iA�tUt Security Inswmrn�Sortm��er shall cotkct and reaive��ll�eets aed�evemes of ! the PtopeRy a9 ttustx fa the 6enefit of l.ender and Bortower. This assignment of rents coas6tutes an absotute assigoaknt = . and not�n assigoment for oiddltiond securiry onfy. . - If lre�der dvd radce of bRSCh to Bon�uwer. (a)all ir�s�oceived by Bormwer shali be heW by Baeu�er as auste�e for 6a�e6t of l,ender only;to 6e applied b d�e swns secund by the Saurity Instrumenl:lb)l.ader st�tt be e�titled w ' oollxt and rcceive dl of tht tents of We Pt�nperty:and(c)each tenant of the Aoperty shali pay aU rcnts due�nd unp�k!to = 1�eder ar Leader's ag�em on i�ender's writlen demaod to the t�ront. - _ � � Baenw�x lus not exa�Med ar�r prior ass��t ot ttx�ents aM Ins not md will not perfam�►act 8�at wauW .� p�vent l�ender from exaelsin�its n�ts undv t�!'aiaEraph 16. . - Isak�shY1 not be roquued w ea�x rpon,t�lce oontml of or rniiehin the Ptoperty befa�e ot aHer ai�riea notioe d . . 6irac�b Bo�fow�tr. How�ever.l.mdei ar s' ap�oi�Med Raiva may do'SO at iry tutle dlenc is a 6�rac6. My ��of naq�11 not cwne ar waire a�q��ar�avilid�te anj�aher rr�ht ar amed}r dl,ender 71us assi�eme� . o�'ie�b of 1ie pNoperey�lnit ten�we�vUa�Yrc dd�t aavrod by the S�ecuriry Lwn�n�t is p�d in fWL � � . ,, � . , . 11�3al�A+g+l " • • � . , ,� • .