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<br /> __' '__' ._— _ . `, . _ . . ' _- . _:._ _z—._... __' , ' __� ' ' `_ — —_ . "—_.—._"._ � "'. .; _ _
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<br /> � � paymeas,w6id�are rekned a�e Z.bs clWye t1�e amourk af wch paynKnts• Aay e�� p�wa m
<br /> �,w-�,-.;.�,t yp p�y�(�p�1l�p��bl�l0�leas undet dle N01��Ild ihis SE�II(ity I1�e11t.iM1�bE�Id b d!Gllltity . , .
<br /> . kgi11 Eaatled theiefO. � . ,
<br /> �� t,eader mry eouect teea�na cAtr�e�s awhoriva ty d�e socrea�ty. "
<br /> ! Cra�forAcalenblo�c�Debt. - -
<br /> (a)Odadt I.eader msy,excspt as limitod hy iegulat3ons issaKd by�he Secrct+tY ia tfie cue at pyma�e defadts.
<br /> re�uin i�dmed'ume pa m ty ent in fnU of all snms sav�ed by this Security Iastrwnent if:
<br /> ' r)Hario�rer defzniLS 6y fiil'm8 w FaY ia full anX�Y PaY�IIt 1°4�bY this Sccuriry In�eat prinr :-- -�_ .�
<br /> W oran the dn�due of tbe next monthlY PiY��+a .
<br /> ('u)Barawerdefwits by f�ing,for s penod of tbirty diqs,to perform any otba oblig�tiaaa vontained in tbis
<br /> @)Sr�t�itia�t 'Cr�t A�coraL i.ender sha11,if pemutted by applicabk Iaw and with tbe pior approvat nf the
<br /> ..;A� :.r.. , . '.�.��i,�b�paYme�m fuli of all t6e suros secu�a!by this Secunty InstituneAt if
<br /> me
<br /> '�:;;;:''� {i}Att Q p�t e�tt�e:Aopattq,or:ba�ficiai interest In a tzust owaing all or part of the Phopeity.is soM:a, . . •
<br /> '�,_`;:: adr�w�ise C�a�Fe[�d�(o�'ihan by ckvue or descent)bY t6e Bamwer,and
<br /> �:,r_: �.�e�i+Ope�cy is�ot oceopied by tl�parclu�cer ar gra�e�as his ur 6er princtpai tes�ec�s,or the purchaseP
<br /> • or,g�e��S:s�:oaupy ttie��npeity bat his or her ctedit has not been ap�roved in ac�cordance
<br /> � witb the nequitementsof the,Secc�etary.
<br /> (c)No.R�aiva:�If caaons�es acau that wnuld permit Lender to iequire immediate payment in full.but Lender
<br /> does q�suchpaymeuts.I.ender das not waive its rights with nspocc to snbsequent events. " .
<br /> � < t�R of H�TD 5�+tt�ryt In mar►y circumstaaces crgularia�s issued by thc Saxetary wiU limit I.cuderls... -
<br /> righcs,�the case of payment defwlts.w �PaY�t in full and foteclose if notF d,.-..77►is
<br /> . Seoarity�das mt a�uhaize sxele�or foi+eclosuca if not pemiiued by r�egnlaihoas of tbe S�ta�y►-' . _
<br /> {e)Mortg�ige Na Inwsed. Bor�av�rer a8�s tbat shoutd this Security L�sawnenc and the A�secured the�ty i� ,. .�„��-
<br /> ' be e1i�'�a1e for incuran�,�cuader the Natiooa! Housing Act wit6in S tronthS ,... � _':�� .
<br /> .': ::. datt�q�Leoder may,at iu optintt and natwitlutandin8 a�►Ything in Fengraph 9.�ui�::imuipliate PaYare�t ia .. _.-_
<br /> .� : .: •
<br /> �:>..._.. . � . :_:... . . � .
<br /> full o��3i sams socund by this Sec�+Insmunent. A written statetaent of any autl�;�z,�d:ageut of the Secnetary . :::
<br /> dated s�,uem w .�. 8 m01'tths:, . from the date hereof.doeliniiig to'tasare this Security. . ;. `
<br /> ' LtsTrument asrd t�e crt',�:�ured thereby,shall be deemed conclusive pcbof of such ineUgiliiliry. Notwitlutanding � •:,
<br /> .�-`� � thc foiegoiQg.th�:ci�:i��ay not be exercised by Londet when thcunavaita4�itYof insuian�e is sole1ytlue to ���__.
<br /> , . . ���
<br /> Lenda�f�ure�o s�.��tgage insurance premium to the Searetary, � '` '+�t� �
<br /> ld Rair�9t�sent B�rr'�as'a r�t to 6e�einstated if I.ei��ler iias teqt�l r�iinediate paymen[in fnll because " �1 T:
<br /> of Bmrawcr's+��e[o pag�:�s,a�vunt dua aader the•Note or•this;S��uritY h�sKumR!c. TAis ng6t applies ev�after �-��,�,y—
<br /> ��g���g��x,�,^st�d. To reinstate the S�rity Inst�!ment, �artu�wer,sbali:tender ia a tump:sum all ��.� -
<br /> . �s re�„a�3 r�br�ng'Bc►�.:�x�r�account currcnt inclui�ing,to�tie caRent tdey ar�e obligations of Borrower.under this ��t�,_:
<br /> Seciuity lnsac��:;��recS'��rasts and reasonable.and customarY attomeys'fees and expenses�y associated arith ��..
<br /> ' the foreclosure'p�:.�::�g. Upan reinstatement by Bormwer,this Securtty Instrument and the l06 igations thu it sea�res
<br /> shall temain in e�..^s as if Lender had nvt uined immediate payment In full. However,Lendu is not rrquind to pcTmit ��;�;:_
<br /> ..¢�-..--,r.
<br /> ceinstatement if: (i)Lender has ncctpted scatement after the canmeacement of forectosune proeeedings wit�n�wo ����i�_
<br /> years immecliately preceding the com�nent of a cument foreclosure proceeding. (ii) reinstatement w►U preclude __,�.:t�—
<br /> forccloswe on differcnt grounds in the Poture.or(iii)reinst�tement will adverscty affect the prioriry of the lien cnated by .�.,_:- —
<br /> d�is Security InstrumenG � =-
<br /> Il. Barrowa� Na RdeasNl; For6earaoce 6y Lender Not a Wsiver. Factension of the dme of payment or �._
<br /> modification of amo�tixaGon of the sums secured by this Security In.trument granced by l.ender to any successor in intereat
<br /> of Bocrower shall not operate to releuse the liability of the ariginal Barmwer or Horrower's•succe�.sor in intenst. Lender �
<br /> sAa11 na 6e ui�d to commence proceedings agaiact any succer+or in intercst or refuse ta extend time for payment ar �• .' . ..�:_
<br /> qlxrwise mandify amottizatian of tt�e sums recured by�his Secwity Instrumcnt by reawn of any demand made by the � � .�• �
<br /> bari nal Bormwer or Bortower e succesxorc in inter�est. Any forbcarancc by Lendet in exercising any right or remeAy shall . . �-.
<br /> e a waiver of or preclude the exercise of any right or reme0y. � �� ';
<br /> 12. Suoeesw�s aad Assigns Bound;Joint st�d&veral Liability;CaS�gners. 'i'he cavenants and agreements of �� � � .
<br /> this Security(nstrament shall bind and ben�t tfie successors and a�.r•igns of l.endcr and Borrower.xubject to the pmvisions �
<br /> of Paiagraph 9.b. Borrower§ covenantc and agreements shall be jamt and several. Any Bonower who co-signs this � �
<br /> Security Instrument but does not execute ihe Note: la)is co-signing this Security Instrument only to mortgage.grant and � , .
<br /> canvey that Borrower's•interest in the Propeay under the terms of this Security Imtrumen�(b)is na personally obLgated to r .
<br /> pay the sums secnred by this Security lnsm�ment:and(c)agrees that l.ender and any othcr Barrawer may agree to extend. ? . �
<br /> mod�fy,forbear or make any accommodations with regard to the terms oi this Secunty Instrument ar the Nate without that 1 '�'� "'��'', �s
<br /> Bamwer�consent. t, -.
<br /> 13. Ndiaes. Any notice to Borrower provided for in thi�Sccurity lnsirumene�hall be given by detivering it or by �....� . =._:: :
<br /> mtiling it by first class mai!unless applicable law requires use of r,nother method. The notue shalf be ditected to the � . .���
<br /> Ytupetty Address or�any other address Bn�rower designates by notice to Lender. Any notice to Lender shali be given by � ��`�
<br /> first class mai7 to l.ender's addtess stated herein or any address l.ender designatcs by notice to Borrower. My notice �. • =,
<br /> �rovided for in this Security lnst�ment shall be deemed to have been givcn to Bormwer or I.ender when given as provided .
<br /> m th�s P�B�Ph� �. �
<br /> 14. Govueing L�w;Severa6llity. Thi�Security ln�strument shall be govemed by Federal law an�f the law of the •
<br /> jurisdicdon in which the Propercy is located. In the event that any provisian ar clause of th�s 5ecuriry tnstrument or tlie 7. �' . .
<br /> Note conflicts with applicable law.such conflict shall not affect other provisions of this 5ecurity Inswment os the Nate �,'��. .•
<br /> which can be given effert without the conilicting provision. 7b this end the provisions of this Security Inswment and the : � �
<br /> Note ace docla�zd to be sevembte. '
<br /> 15. Son+uwer's Copy Bortnwer sh�ll 6e given one conformed copy af this Securiry lnswment `. �'
<br /> if. Asd�eu�e�t dRats. Borrower uncondnion�ily assigns�nd dansfers to Le�xfer all the tenu�nd�evenues of thc ��-:•.-� � .- -
<br /> pl�opetty, gotrower authorius Lc�xkr a Lender's agents to collect the rents and revenues and he�eby dirccts esch tet�nt of � , �
<br /> tbe Prope�ty to pay the ients tu Lender ar Lender's agents. However,prior to l.ender's notice to Barrower of Bbrrower's ��,
<br /> btach ot any covenant ar ageemtnt in the Securiry Insnument.Borrower shall collect end rcceive all ients anA t�evenues af •
<br /> the propetty as hustee far the benefit of l.ender and Borrower. 'if�is assignment of rents constitutes an absolute assignment � .
<br /> aed nat�e asaipmeet fa additianal security only.
<br /> . [f l.mder givts notice of breach w Borrower. (�)all rents reaived by Bo�rower st�ll be heid by Botrawver ac trustae
<br /> ior beeeFit d I�ender only,to be applied to the sums sauned by the Secunty Instr�rn�(b)l�eedet sMll 6e entitkd to �_:.._..`..: '
<br /> �' collect md iteceive all ot the renu of the Ptoperty;and(c)each tenant of the Prapecty stiatl pay all nenu due and unpaid to � '
<br /> � leodri ar.l.eader�s agent an L.r.ctder's written dea�nd to the ten�nt ;
<br /> Borrower Ixs nd raeecated my prlar assig�unent of the renta uid l�as nat,and wiit not perfam arty act dW would E � '-.�-:'-- _`
<br /> � ptev�eet l.eedes from exsocisio�itse�hes uecier this Paragt�ph 16. •
<br /> sc
<br /> IRnder aii�eot 6e t�und w a�iar upon,take cnetrol of oo maienin the Pltilperty 6efae or at�er 6ivieg notice of ' , � .
<br /> � be�+d�t�Batvala. tbwerer.Lendet ar s jidici�Uy ��weiver m�y.do'so at any time Wa�e is a 6eear�. Any •
<br /> en lw Wae
<br /> '�� �p�iicatias of�Ma sUill na aae or w�ive aay defauh a� e3 v�lid�e any o�ber nEht or remedy at l�eeder. This usignment :
<br /> :.aE�ne�t ot�e Plapaty a6all lermi�le w6ta tbe de6t sec�ed by We Secarity L�r�t is paid le full. ~`•�
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