|
``.<`- ;_� . x- . ' _ --
<br /> ''`�_� — _ _—
<br /> — ' - . -; . - , �,-- . ' . _ ._. r - -�- . . ` _ — .--.
<br /> .� i4.� _ � ' . ` , , . . , r. , . . ` • . . �' � .
<br /> .. � . . � . � .. � , � � r�4.��� ; .
<br /> pryioenb.wtiic�are refenrd w ie 2,a d�e tbe amouet of wcb pqmeats. AuY eaoas yxoc�eed�o�dr an. :
<br /> an�oane e�uit�ed to p�y dt outs�ndios�eu unda the Noee�nd this SQCUdtY Tmt�ument�all ae pud�o d�e e�tity.
<br /> k�+IIy sehtled me�etQ. �
<br /> . R�fee�. Y.eader nMy cWkc!fees aod c6rr�es authoriud by the Sectetary. . , ., ,
<br /> 9. Gn�i 11�r Aaodee�tiM�tDert. � � `
<br /> � - (s)Dt1iN�M. l.eo8er may.eaccapc u limited 6y regulstioas is.wed by tlic Sectetary�in d�e c�se of�sYmeot�kf�its,
<br /> . ��F�Y�in fu11 oE�ll awns aecu�od by.tAis Secuciry Inun�meat i£ � _. .
<br /> r)Baeower dpf�uits by failina co p�y in full aoy moothlY WY�f tequiird by t6is 5asarity Tm�eo�pnor
<br /> . to a ao the due d�te of the next monlblY P�Y�a
<br /> ' S curfty I�naonur�ot�by failing,far a periad oE thaty dsys,to perfam any othee obliEatiaos caatafued in this
<br /> • . lb)Sak�Yfl�t CeNtt Ape�nvaL Lader shalE.if petmitoed by�pplicabk hw md with th�pior appiovd of tbe
<br /> Sec[wry►,requicc immodi�te paYment�u fult oEalF t6e aums secuted 6y this Sec�ty lnstn�eat i�
<br /> (i)All ac p�i of tbe Ylmpect�r.a s btneficia�ioteiest in a ttust owning aU os put ot tbc Ytopetty.u aold or
<br /> athawise trmsfe�d(wircr tDae by devisc or de�eot)bY the Bacmwrer.aa�t
<br /> Cv)�tbe Piope:cy is na oca�p;ea by�ee purcnaser a g�antee as nis ar ecr�rincipal�sideaoG,or th�pa�6aser
<br /> _ ' or gcaetee does so occupy the Pmpe�ty but Ius a� ixr aedu �as not been appcovod ia axvNanx
<br /> with the�rements of the Socatary.
<br /> (e)No 9V�1ver. If ciccumuances oa.�ur tlut waild pamit l.er�der w roq�ire anmediate paym�nt in fall.bw I.endor
<br /> does not nequin suchp�y�eats.I.ender does not waivo ifs nghts vmth nespect to subsoq�ent events.
<br /> (a)Re�Ytia�d HUD 5e�ttitu� !• In ti�ny cin�mntaxxs tegul�tion.4 is.wed by tl�e Se�eWy w�7!limit I.ender's
<br /> rig6ts.ai the case af payp�eat defaWts,ro�oquin immediate paymeat in faii and foiectose if aot paid. Tdis
<br />-_ _ Securiry Instrument does not aattiorize acoekruion or foreclosure ff aot permitted bY negWuiant uf the Sec�tary.
<br /> • (e)Mort�pe Not Lweed. Boaov�er ag�as that shouW t6is 5ocurity Inshwrxnt and tb�note secimea t6aeby not
<br /> 6e eligi'6k for iasuraoce under tbe Nadaeal Housing Act within 8 wpptbs fiom tLe
<br /> d�e 6troof�l�ender aay.u.its option and natwiths�u�d'mg anyduag in Pangraph 9.ro9uire immediste paymeat in .
<br /> full of aII sums aavice�by this Security lnstrurneirt. A wrttten statenttat af any authotized agent of the Socntazy
<br />- daud subsequent to � �at� from the data henof,declining to ins�ue this Security
<br /> �suunxnt and t1�e noia sxund tTie�eby:shail be'deemed canclusive proof of such ineligi'bility. NotwiQ}standing .
<br /> , the fongoing,this option may nat be exerrised by Lender when the unavailability of insurance is so}ely due to
<br />_ _ Lender's failure to temit a mortgage ins�ira�we premi�un to the Sa�aary. '
<br /> 10. Reiastateaxn� Borrower has a right to be reinstated if Lender has req�ired immediate payment in full becau.ge
<br /> of Borrower's faiinre to pay an amamt due under the•Note or this Secudty Inswmeat 'R►is nght ap�lies eveq afur
<br /> foreclosure proxedings ase instituted. 'Ib reinstate the Security Instrument, Bortowe�shall under in a lump sum aU
<br /> arna�nts nquimd to:Mi�$omnwess account cwient including.to the extent they ate obligations of Borrower under this .
<br /> Security Luwment,farr�?asvice costs and reasonable and cnstomary attomeys'fa�and expenses properly agsoclated with
<br /> � :� the forxl�ae pr000e+d�ig: Upon teinstatemeat by Borrower,this Secunty Insmimeni and the obligations that it secunes �
<br /> u�
<br />; • �,•4.��• strall�+ematn an offecE a4'sf I.ender had not mquired immediate payment in full. However,Lende�is not t+equired to�ermit•
<br /> �L - �+einstaterne�t if: (i) Leada has accepted ceinstatement after the commencement of foreclosute proceedings withm two =__
<br /> � �� -.` years imfiediately preceiling the commencement of a current foreclos�tt�e proceeding. (ii) neinstatenxnt wil! preclude
<br /> �`�'•�'�'k �=''�"�=�� foroclosure on different unds in the tutum,or(iii)reinstatement wi0 adversel affect the riari of the lien eceated b ---
<br /> �:�;'-i'r":��..� �.x:;�'. � Y P �Y Y _-:=
<br /> - � this Security instrumen�. � �=�-
<br /> `''i��"'l''��' �"�`" 1l. Borrower Not Reteased; For6earance by Lender Not a Waiver. Extension of the time of payment or `°�-
<br /> � �` =`-� ' madificarion of amortization of the sums secured b this Securi Instrument ted b Lendec tn an successor�n interest ��'S-
<br /> "•,.�N.., • :ti;t:: Y tY B� Y Y , :
<br /> .; ..�_;...�: :_��;`,�• of Boriuwer shall not operate to release the liability of the original Borrower or BorrowerS successor m inten�st. Lender -�Tr?_:
<br /> • �.• �.� ``�, shall not be required to commence proceedings a�nst any successor in interest or refuse to extend time for payment or ,,�,,y�
<br /> .=' ;�;�. '"��? otheiwise modify amo�ation of the sums secured by this Security[nstrument by reason of any demand made by the �,(;:-,
<br />. ::.,!*;,.-, - .; original Borrower or Bor�rower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall ,�,,.,;
<br /> - • ,;,,•;; ' . not be a waiver of or pmeJude the exercise of any right ar remedy. ,•,,����
<br /> "• . •�'" .ts� j . 12. Suocesgors and Assigns Bound;Joint and Several LiaDility;Co-Signers. The cavenants and agreements of
<br /> ��- `'.'!;�il: � • this 5ecurii3+[nsuument shall bind and benefit the suecessorc and a�segnc of Lendec and Borruwer,subjeet to the provisions ' '
<br /> - . ���` �.,of Faragrapb 9.b. Bartower�covenantc and agreements shall be�oint and several. Any Borrower who co-s�gns this
<br /> ��.��. � , Security Insnument hutcf,�nes not execute the Note: (aa is co-signing this 3ecurit}F instrument onty to mortgage,giant and
<br /> � :�"=:}��� _ . • . � ,�convey that Borrower"si�:�est in thr Property undcr the terms of this Security instniment;(h)is not personally obligated to .
<br /> �..�1 • � � pay the sums secured 6}��iii�Security lntitrumcnr and(c)agrecs thas lxnder and any other Bvaower may agree to extend. ��;f,�:
<br /> ������ � modify.forbear or make�r,,:accammodations with regard to the czan•�s of this 5ecurity lnstrument or the Note without that . -
<br />- ' ' ` � Borrower's consent. ' ' :� , , .
<br />'�` -�'`k°'�..�.�. :,`;:`,+ 13. Notices. Any aotice to Bo�•srr provideQ.far.in this��:urity Instrument shall be given by delivering it or b� ', .
<br /> � •�t .' `�'� ' .mailing it by first ctass rar,ail unle.ss applicable!aw n:���ires u1r of another medtod. The notice shall be directed to the . �,,�,..;_
<br /> ��;£; �' � ; . Property Address or an�c�her addresc Borrower dr;•�r•ates by notice to Len�:Y�:sny notice to Lender shal!be given hy�' 4��pj'�
<br /> - ;, �,;' . • fitst class mail to Len�r's address stated herein or any addresti Lender de+s�r.a;.� by notice to Borrower. Any notiee l�����,
<br /> �° ,:� �rovided for in this 5ecurity lnstrument shall be deemed to have tleen�iven to�cr.'rower or l.ender when glven as provided
<br />:� , _:�_,':,,, .� ,_ . L�this F�rx��aph. .
<br /> 'k` � �='='� � ' ' �•� �vereing Law;Severa611ity. This Security Instrumer�s�hall be gavemed by F�deml law and the law of tNe �;.,
<br /> . �, i~•• �.r s i s d n c t r a n i n w h i c h t h e P r ope rt y i s f o c a t e d. l n t h e e r e n!t h a t a n y p ro v i x i o n o r c l a u s e o f t h i w S e c u r i t�r!a_ti�n e n t o r t h e �t.,; ,
<br /> _ : ":�te conflicts witb appu..�...:b l e law,such conflic�s��a�'not affect other provisac�r��ef thls Security tnsifl��nf�os the Note '�'�.{
<br /> • �1 i;��.
<br /> � , .`which can be given ef�•.�.�ithout the conflicting pros�:sion. To this end the prait;ions of this Security tn's��i�s and ihe .tt;s•,;,
<br /> �,, `�Nole are declared to be��;+.�ble. , • �r';,
<br /> .: I5. Basrower's �`B�srawe�shall be given one confor�.f:�py of t[�is Security lnstrumen� � '`'
<br /> - wet a t.n_n;r�s n et or n er s agents to co e� �rents revenues re y uects nan e y,,;..,.
<br /> - the Ympeity to pay�e ci�l.s to Lender or Lender's ageat�. Haw•e►�ea.prior ta+Q.�ders notice to Borrower oF Borrower's 1�'�':�,
<br /> brrach of any covenant a-ngreement in the Secudry.Instrument,Ba�nawer shalt collect and receive all rents and revenues of �•,;:`'
<br /> �..:::..
<br /> the Ptoperty as wstee far th�benefit of l.ender and Barrower. T�'cs assignment of rents consHtutes an absolute assigament a ..
<br /> ud not�n tuigunent fos addiNonal securiry only. �:�•
<br /> If Lender gives notice of breacA to Borrower. (t�)all rents received by Borrower shall be hetd by Borrnwer as trustee �,�.
<br /> =— - - - for bonetit of Lender onty,to be applied to the sums secured by the Security lnstrumeru:(b)Lender shall 6e eniitled to _ ��,_ .
<br /> collect and naive all of the rents of the Property;and(c)each tenant of the Property shall pay all�ents due aad unpaid to i .,
<br /> l.etider or Lerderb agent an l.ender's written demadd to the tenant.
<br /> Bo�mwer has not ex�cuted airy prior ass�gnment of the c�ents and has na and wiit not perform any act tiwt would � .
<br /> p�vent Lender frnm exetcisiag its�nghts ueder this Paragrapb 16. ,
<br /> Laider ah�11 na be requL�ed to enter upon,tyce contro!of or maintain the Property before or after giving notice af • ,•
<br /> brac8 to.8orrnwer.� Hovrever.Lender'or a J�diciaUy apQointed roceiver may do so at any time the�e ls a 6:each. Any �.7
<br /> _ . —.�--- - --- --. ..
<br /> applicadon of mus s6�U nottun or waive aay default or mvalldate aay other right or amed of Lender. 7lus assignmrnt� • �.�.,
<br /> _ �ot r�ica o�the PtnQerty anau ternuiiaca�vti�t�e Qee�securaa by ar�secu�;ry Wsrr�meee is in rurt - .
<br /> ' . �veae3ol�voaa� •
<br /> -y ' �:
<br /> . • ��
<br />
|