|
�<: ,
<br /> .-i._ . - - � , �. . . --`=
<br />- � �=� , ' - - --
<br /> � -- - . _---. - --_ =— -
<br /> .
<br /> � .
<br /> .:. . _ ,.-._:.
<br /> -.::--.- ..,�. . . , .. , ti� - �._._.._L.. - >- .
<br /> .;1~ � . . :, � _. .� - � . � _ , 9���OQ4� - �
<br /> . p.ymeats,.vhich m nf«ioa to in P�h�.'ar t�ge.me�amouot of su�h paym�s. nnr exoe.ss proceed�C aver�n � � ,
<br /> amwmt ke�uined m pry all outsaad'nig indeb�edaess undex the Note and this Seanitq Instmment shall 6e pid to the aNjty . .
<br /> kgaIIy awskd theceto.
<br /> 8. Fa�. L.endermay coUsct fas aad cLuges authorind by the Saxdary � .
<br /> f. Gro�ds for Aaoda�ion a�Debt.
<br /> . (a)De�l� Leader maY,axapt u limital by iegolatioas issued by the Sec�etary ie the case of paymnt defauits.
<br /> sequu�e immedi�te p�►ymant m full of all sums secuiad:by t6is Seauiry Inst�umeat� .
<br /> , _ ' (i)Ba�ower defanits by f�ing to Imy in faII;�?a�ontSlY�ymeu��al�bY���3'��
<br /> Lo or oii t6c due da�e of tbe aeat maothiy'pzyi�Deo�.ot . t. .
<br /> (u�Eo�nawQ a�i�g f�ding:roc:p�iad af�lg aags;to perfor�a any other obl;guioos ooaaino�at�this
<br /> ; �Y�:, ` ,I.etsder sl�ali,if petatiued by applicab�e Iav�r�d vvid�the prios appwal af the
<br /> @)S�k Wil�Crs�.�k.�,�►pP+o�v��
<br /> � .�l��P�►Y�At in full of all the sa�ns se�ured by this S�urity Insuuma�t if:
<br /> • �(7i il a part of the Fioperty,or a beoefic�al iatetest iti a tmst ow�ing�ll ur put af the Ptopaty.is sold or
<br /> � othervvise uancfased(other t�n b}F devise or descent)NY the Bo�mwa,and
<br /> � . (ii)The Prnperty is naraccaP�bY�P�a S�tee as his or her psinciQal residence.or the purehexr
<br /> . � or g�antee does so occnp�r tt�e Ptnpaty but !us or�her cndit has na bcen appmvod_in accard�nee '
<br /> with dte trqttjtrrtunts of the 5a�erctuy. .
<br /> (e)No Witva. If cincumuances oecur th�t v�a+ld pe�mit L,ender w require inu�ediate piyment in fuH.but L.ender�
<br /> � . does not uequire such��payments.Lertderdoes not wuve its�ghts with respect tvsubsequent events. � � �
<br /> (al Rqtiafio�s d HUD Seenta�s In mmy circumstmtces regula4ans issued by Ute Secnetuy wiq limit t.ender's
<br /> rights.ia the cue of p�ymeM defaults. w�equire Immediate p�ymm t in fup and fixeclose�f nd pid. 71�is ,
<br /> Socurity Inswma�E does aot autHorize acc��kration or taoclostu+e if aa pnmitted by regutatioas of the Sect�etaty.
<br /> ' ' (e)Meelp�e Not linMr�ed. Borrowet agrees tlwt s�hould this Security InsOtwnen!and ihe nate secu�ed theteby not
<br /> be efigibk for inwrance under the Nuiai�t.Hauing Act within 8 �Ofitbs ' • from the
<br /> du�het�eof.Lender may.at its option and notwithstanding Anyd�ing in Faragr�ph 4.iaNi�immediate PaYment in�
<br /> tull of aU sums secuKd hy this Securiry Instrument A wriuen statemeat of aay authorized agent of the Soc�etary
<br /> — dated subseqaent to 8 �lonths from the duu hereof.declining m insur+e this Sccvrity --
<br /> - Instnm►ent and the nou secuned tixre6y.sbalt be deemed conclasivt p�vof of saeh iaeligi'b�7ity. Notwithstanding =_-
<br /> the fongoing,this option may not 6e eaercised by Lender when the unavailability of insurance is sotely due to =
<br /> Lender�s fail�to remit a moitgage insurance premium to the Secretary. �
<br /> — 10 Rd�fatetnent Bormwer has a nght to be neinstated if Lender has required immediate pa�rnt in full 6ecause �^,
<br /> — � af Borrower's failure co ye�3�a.-c amount due nnder tQe•Note or this Security lnstrument This n applies even after E�:-=
<br />— foneclosuce p�+ocsedings are insrituted 7b reinstate the Security Insuument. Borr�Aer sfiaIl te�r in a lump sum afl --
<br /> amounts�equind to;bring Besizawer's account cumnt including,to the extent they as�€�ligadoas of Borrower under this =--
<br /> Security Instrument,for�ecias�e co.sts and�seawnable and customary attomeys'fees ar.x�expznses�operly associaud with �.,_,
<br /> — the foroclos�ue procceding. Upon ieinstatement 6y Borrower,this Security Insuument and the ob�azions tliat it secures _
<br />=— shaU remain in effect as if LendGr had not c�gu9red immediate paymem in fuU. However.Lender is not tequirod w petmit --._.
<br /> _._- ninstatement if: (�Lender�sas accepted reinstatement after the commern:ement of forectosuse i . ,eeedings withia two �`y:::
<br /> -- years immediatcly preced"ueg 4�e commencement of a cprrent foreclasure proceeding, tii) reinstatement will preclade -___
<br /> --- fotrciosure on different gounds in the future,or(iii>reins.atement wiU adversely affect the priosiry of the lien created by _-_
<br />._� this Security Inshvmen� _
<br /> s�� lI. Borrower Not Released; �orhearance by Lender Not a Waiver. Extension of t5e�dme of payment or --_
<br />�.,� madificarion of ar�ortizatian of the sums secured by this Security tnsn�ment granted by Lender to 2:.~y successor in mterest
<br /> _ o f B o m ower s h a p n o t o p e r a t e to r s t e a s e t h e t i a b i l i ty o f t h e o r i g i n a l B o rr ow e r o r B orrow er's s uccessar in intetesG l.ender
<br />-;� shall not be reguiied to commence proceedings agamst any succc�ssor in interest or refuse Co extend time for payment or
<br /> — otherwise modify amortizadan of the su�s seoured by this Security Instrument by r�asan of any demand made by the �. ;_.
<br />='�; odginal Borrower or Bortowers successors in interes� M f rhearance Lender�e�cerc'ssia an ri ht ot remed shail
<br /> not be a waiver o f or prec lu de t he eaercise o f any ri g Ut ar mm e dy. � g y g Y ��'"
<br /> �r•,,:"'
<br /> 1Z. Suoeessors and Assigns Bound;Joint and Severat Liabittty;Co-Signers. 'i'fie covelsu�GV and ageements of �
<br /> lhis Security Instrument shall bind and benefit the successors and assigns of Lender and Botrower sub;ect to the provisions
<br />=_'.� of Paragraph 9.b. Borrower's eovenan�c and agreemen�c shall ae joint and severaf. Any Borrower who co-signs this , ';r
<br /> ° Security Instrument but dces not execute the Notc: (a)is co-signing this Security Insrr�ment anly to mortgage,grant and
<br />*'� convey that Bonower's interest in the Property undcr the tertns of this Security lnstrument;(b)is not personally obtigated to __
<br /> pay the sums secured by this Security Instrument;and(c)agrees that Lender and any oiher Borrawer may agree to extend. ';,i�:_
<br />��i� modify.farbear or make any accommodations with regard ta the terms of tfiis Security Instrument or the Note wnhout that _
<br /> ;� Borrower�s conscnt. � � ''
<br />-_`� 13. NMkes. My eotice to Bommwer provided for in this Securiry instrumens st�alt be given by delivering it or by }, •
<br />`- — mailing it by first Class mai3 unless applicable law r�eyuires use of another method. 'i'he nonce shall be dinected to the `,:`;��;�:`
<br /> Ptopetty Address or any other address Borrower des�gnatcs by notice to Lender. liny notice ta Lender shall be given by ��: ^��
<br /> first class mail to Lender's sddress statcd hercin or any address l.ender designates by r.otice ra 8orrower. Any notice ,'�:r`'_
<br /> provided for ina�is Security tnstniment sl�all be deemed to havc been given to Borrowes orl.e�dez when given as provided � •'�:
<br /> � m thts paragaph. ' • i.:,;',`_
<br /> T=— 14. 6overniug Law;Sever�biUty. This Security Instrament shall be goverred by Federal taw and the law of the �, .:.;:,-:;
<br /> jurisdicdon in which the Properry is located. In the event that any provision or c,a:c�oi this Security lnswtaent or the '`'�:��±`
<br /> Note r,onfliets with applicable taw;slch conflict sha11 not affect other provisians o':this 5ecurity Inst:ument ar the Note �: ,
<br /> which can be given effeci without tAe co�sfJicting provision. To this ea�the pravisions of this Securlty lnstrument and the
<br /> Note are dectac�ed to be severable. '
<br /> ' 15. Borrower's Copy. $orrawer shall be given one conformed aopy af this Secur�ty Insuument. .
<br /> lf� A�ument of Rents. Burtuwer unconditionally asxigns und uansfers to L�mder all the rents and revenues of the _
<br /> Pm�erty. Botrower authorius Lender or Lendcr's agents to collect the rents and revenues and hereby directs each tenant of
<br /> �e Froperty to pay Ihe nents to l.ender or Lender�s agents. However,prior to l.ender3 notice to Barrowar of Borrower's
<br /> b�r,sch of u�y cavenant or agreement in the Sccuriry Mstrument,8orrovi�er shall collect and recelve all rents and revenues of
<br /> • the Property as wstee far the ba�fR of I.ender and Horrowa. 'i'his assignment of tents constitutes an absolule assignment �
<br /> - �nd not an assigmnent far addidanal sccurity only.
<br /> If Lender glves twHce of bleach to Bomower: {a)all itnts recelved by Borrower shall be held by Horrower as trusta � --
<br /> for bene8t of L.ender only,to 6e applied to the sums secured by the Security Instrumenh,(b)Lender shall be endtled to _
<br /> cdlect and teceive all of the rents of the Property;and(c)each tenant of the Pcoperty shall pay aU rents dne and unpaid to . .
<br /> I.aid�er ar Lender�agent an Lender's written demand tn the tenant ,
<br /> Boemwa f�as not executed an�r priar�tsigntneni of ths rents aad has not aod will not perform�ny act that would
<br /> prevait l,eides fivm eaet+ctsin$its ng6tt w�det tl�is Paragaph 16. ' .
<br /> I,endtr a1nD nac ire aequu�ed to eeter npon.take cont�ol of or m�ntain the t�rpperty Ixfose or after gtving�wtice of .
<br /> b�esch to Ban+ower. t1o!��crer.I.ender or a jadtcWly ap�ointed rooeiver may do so ai any�cse tl�e is a breach. My :;,y_
<br /> . .. applic�dan of�ah�1!�fot�u+e o�.raive aey defwlt or utvalldate any otber ri8bt:ec x�±:c�Leader. This assignmrnt • ..-.
<br /> . _
<br /> -- -- -•�,�-i��sbtt�ei'�opertp�aft�itumt�¢�rthedebrsec�t�irythcSecmrityE�ris�SII,*CvtL-
<br /> �:
<br /> . k�g
<br /> '. tpob'e3cf�Pcaesl �•.
<br /> « ��._
<br />
|