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�. , ' ' � � - ��.. -.- ' � . ,. . ' � , ' .. ' . . ' ` ��` �. ��8 : � . � . ` . . -`.<pry�cwn.wbic�are nteaal�a is Z.ae cb�o�e'tl��a�onat d�pYeea�ts. Aa�►a�s Pvicee�,o+iw ain i ep�t��pd q pry all aotuaedi0��Inder d1E NdIC�Id'd�is Sea[itg La�nnlent�6�II bCpoid�t�16E�elily. . �wt�tiedt6e�t�.. : . .` • ` .. . ' . . lber:�LbntiermaY oo1la�.fea iad c�e+�hacimd 6Y tbe Secnetary• � , !.,GeNY�fl�r Aac�a1M dDd�t.. , < . . , , ' . (a)Det��ft. l.ender miy.e�ccept ss Wni�d by re�uTatiom�iae�ied h7 d�e Sax�`Y m tbe ca�e of p�aymmt def'+nits., iequire imreedi�e In fnl!d��ans secu�ed by 8as Se�urity tianrumeat if: � - . ` . (7 Boavwar� a�ults by faili�k+pa i�t fuU aeY��Y P�l►menc rapu�d b7!d�a So�unty In�n�P� . �araat6rdued�pfd�uextma�psysaa�as ~ � - . � � Cu'}Bc�ao�rerdeb�ilts by.f�iling,for�period of thitty ds�s,to parfarim aay atber a6lig�tia�s cannioued in dns ln�nm�►t. • (b)�Credit Arpe+sfal.l�et�dei sball.if Peca�iued bY aPPlicsbk Ia�w ud ait6 thtP��PP�af We � . . �,��PiY�m fuA of all d�e sums secuad bY.this Security Lutr�m�ent i� ar gtit cf d�p�p�y.a a bent6cial intetest ia s o�ast c�wning ali at p�et of th�Ft+upetty,�s aold ar dbavvise L�omfeited(otber t�n bs►devis�e at desomt)hY tLe Barmwet.and ` ('ri)17�Ptopaty is rrot oaa�I�!ry t6e P�c�u ar gt�otoe�his acfier p�incipat naideac�or tl�e P�'t ' or g�ar�ec does so.00cnpy dic �topecty but his a ber cnedit h�s not 6am appiwed ia � � -- with the r+equiiea�nu of tf�e Sect�ouy (c)No Wat�a. If cis�a�oc�cur t6at aoutd pamii i.endes m:equire immodiue paymeoc in full.b�rL.eade: . does na requue sach pyments,Lendes does na wpive its nghrs x�th tespax w wbsequenc eveds. . (�AeplNioas dxUn seerebr�In a�ny c�umsrmc��eSala�o�iswea by tt,e saxaary Miu.limic Lenacr�s ' rights.m the csse of ps dcfudts,to zeqaire imnaediatc pwymeat w faU aod foaclase if not paid. 'Iliis, , Soauity lastrwrient does�autlnriu actekratiou a facclosnre if na gemuuod by negul�tivac of thc Secieta�+l:'�`,:::' ' ' (e)Mor��e lyd L�sered.`Boimw�er ag�ees ttut s6auld thls Seeur�ty Iasmm�ent�i the note seturied thenbY nip�,:.� `6e e�i�far i�oe ander tbe Na6o�ud Housing Act aritLin 8� �S from the . , date t�aeo�Lenda maY.u its aptiou aad natwithsGmdiag utything in Parngra�i�Ftequine im�li�r�•psymept iU fiill of atl sums santod by this Secarity Tiutiament A wriva►staumeat of aay autlwrized agent of the Sec�daq►. • dated anbsequent to 8 wo ths fran the date henof,declining w msure this Socuaity ' Iosuument and the noue secucr�tLe�eby.s6all be deemed conclusive pnwf of such iaeligib�lity. Natwitl�tanding ' the faegoiaE,this option may not ba exec�cised by I.ender wlrn the unavailaisi�*,af instuaace is solely d�.tu , ; Lender's faifime to cemit a mortgage insuQance premium to the Secretary. IQ B�temen� Barrawer hu a right w be teinstated if Lender Has rEquiced i�aodiate payment in full bxause of Barmwer�s failute to pay an artwunt due under the�Note ot this Sxurity Inswment. 't�us right applies even�tter ,_ fonclosiue pioczedings an instituted. To ceinstate the Securiry.Inst�uaient,Horrower shall under in a tump sam all " . urwunts�quined to�bring Bormwer�s aceount cwrent including,w the extent they are obtigations of Borrower under this Seauity In�trucnent,foteetosure costs and raasonable and customary auomeys'fees and eapenses propedy associated witt► the fonclosuce prooeadin& iJPon reinstatemem bg Bormwer,tlus Security Insvument and the obGgations that it saames • shall�emain ia tffect as if Lender had not nqui�d"munediate payment in full. However.Lender is not mquued wpertnit neia�atement iF (i)i.ender has accepted ninsta�^e�r�ent after the commencement of focectos�e praceedi��s wiithln two � � . � years "c�atelY prxedin8 the commenament o€a curtnt forectosure proceeding, (ii) �instatemeat v�ti1t preclude foraims�on different grounds in the future,or(iii)reinstatern�t will adversely affect tAe prioriry of the lien creatod by this Soc�iEy Incwment il. �orrorrer Nd Rdea�cd; ForDasance by Leeder Not a Waiver. F,xtension of the tm�e ef payment or modification of amortizationof the sums secured by this Securiry Instrument granted by I.ender to any suc�ss�r in inu�est of Borrower shall not operate to release the liability of the original Borrower or Borrower�successar in iatpies�t. Lender - shaIl�aoi be no4uired to wmmenceprocxediags aga�nst any successor in interest or refuse to extend dme for payment or othesuvcse mod�fy anwrtization of the sums secuied by this Seczmry Instrument by reason of any demand made by the ariginal Borrower or Barrower's successors in interest My forbearance by Lender in eaercising any right or rutxdy shail aot be a waiver of or preclude the eaercise of any right or remedy. 1Z. Successors and A�igns Boond;loint and Several Liabllity; Co-Signers. The cover�ants and ag��eements af , tiais Security Instrument shall bind and benefit the succesgors and assigns of I:ender and Botrower,subject to the provisions of Pae.��aph 9.b. Borrower�s covenants and agrcements shalt be joint and several. Any Borrower who co-signs this Sec�rn.;��strument but dces not execute the Note: (a)is co-si�ing this Security Insuument only to mortgage,grant and convey�at Borrowerh interest in the Property under tfie tem�s of this Security Instcumen�(b)is not personally abligated to pay the sums secured by this Securiry Instrument;and tc)agrees that l.ender and any other Horrower may agree to extend madify.forbear or make any accommadatiau with r�gard to the terms of this Security lnstrument or the Note without that Bamwer's eonsent. l3. Notloes. Any notice to Bo�rower provided for in this Security lnswment shaU be given by delivering it or hy mailing it by first ctass mail unless applicable law requires�g af aix�ther method. The notice sha]I be dirrcted to the Pruperty Address or any other address Barrower designates b}ri�:ice so l.ender. Any notice to Lender shall be givea by firat class mail to Ler.,der's address stated herein or any ad4.-e�l.ender.designates by notice to Borrower. My n�ice pruvided for in this Sarurity Instrument shall be dQe�:°d to ha�c been gi�er�:,Boaower or Lender when givea as provided _ m�his paragraph. � !4. Governieg LaM;Severability. This Sec�:rity Instrt�ment shall be govemed by Federal law and the law of ctne _ junsd��ion in which the PropeRy is facated. In the event tleat any provision or claus�of this Securiry Inswment�r aL'� Noto c�orifticts with applicable law.such conflict sha�l not afBext other provisions of this Security 1nsWrt�ent or the.Nta4a which can be given effect without the conflicting provision. Tv this end the provisions of this Security lnswment and�e Nate ac+e declared to 6e sevenble. � • � . � - � � 15. Borro�ver's C y�Banower shall be given one conformed copy of ehis 3ecuriry Instrument • 16. As�nmeet of�er�. Hoirowtr unconditionally assigns and tta:.sfe:s to L.cnder all the rents and revenues of the d�y. Bor�awer authorius Lender or Lender's agents to cu9�ect the renE.s an�revenues and henby dlrects each tenaat of rty to pay the tents to LerKtcr or Lender's agents. Heawever.ptior to 1.eader's ao6ce to Bamwer of Barowet�s bracb of any coven�nt a�grament in the Security lnstrument.Bosrower sgalt collut artdi nxeive all reats an6 nve�cxs of the pinoperty as tn�stea fix the benefit of Lender and Borrower. '1'hls assigncr�.�t of rents constitutes an a6so4ute assigninent �u�d not an assignrttent for additional securiry on1y. , . . tf Lender givd notice ot brach to Bombwer; (a)all tents receivcd by Barower shall be heW by$o�rawtr as trost�D far bet�e6t o!Leeder oaly,.to be wWied to the swns secwrd 6y We Security lnstrumenh.(b)l.ender af Wl be endtkd to colkct and reaive a11 of Ihe rrnts o�the Property:and(c)each tenant of the Rapecty st�all pay all rents due and unpaid to i.tnder or Lender's agertt an�.ender's written demand m the tcnant • Bat�n�vet Las not exocuted uiy piar�,csignmene of the rents and haa not and wlll not perfotm�ny act th�t would• _ pieveot l�ader fmm e�ercisin��b rial►ta w�der this Fa►�gaph 16. ' �xoder shW not be t�e uirod to eauer upoe:tairo oonttol of or milntain t1�Pt�uperty befon or after giving notice ot , b�r�cb b Ba�rnwar. i�iowever.Leader or�jud�ci�lly appointed rxeiver may,do so at any time tl�ene is a b�r,ach.-My �pplicatioa d raMs�11 aot cure ar wdve my defaWt or invalid�te aay otNer nght or temed�r of l.ender. This aasignment ottt�dthe Ptopaty slull taa�nate wl�ea�he debt stcu�cd by,the Security Inatnnr►ent is pud m full. ' . Uaae3oJlpsaa) �