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<br /> . pry�ehet�wLich�ie�efai+ed a i� . 2.a ci�e i�e a�o�Mt af e�ch pry�eot�..�1ay ar�oas pooeed�o+ror�! . .
<br /> ra�ieed�payr a11 oopq�od'u�u�dae�s und�the Na1e aod l�is Sec�tp 1�pdmeat�bc p�id eo tie erity. .
<br /> ' � �eei. i�eadesmtrycolkctfer.aa�dc�esaw�orix�b7►�:�'�+�7'• - - .-`. . , � . -- � ` . '
<br /> ! �i�w�i!`eAcodeealiN�[DeM." .• � �
<br /> (a)pol�16 I,arieoaa�y,ezapt a�Isoited iry re�ulttiaas�by tbe Saaet�n3►m tire s�e of Ray�aeat�iddn. - ..
<br /> . ��ke�nnedi�le payme�t in felt afall�s xae�edby�rs�e�r Imteamea�i� .
<br /> - (7i Boimv�rdef�olts Iryfa�'m�toPap ia f�lt aey�p�t��'!►���P�- :
<br /> - �oaan tbe docd�of tl��xt mont�iy P!Y�+�
<br /> - ('n�Htlno�►a defaqlts by failfiaErfu�'�;���Y�Y��P���I►��O0°�in d�is�
<br /> I�neat .�°.: -. , _ :..:°;;:. . .
<br /> - (�)S��Creiit A�nl!��l�ender�1t.if Pami�oed 6Y appli�aWt law aod�i�g��pst�i's�tdF�ia`;;:::��.:... .:
<br /> S�►,requiee��oeP�Jte�?i�infulloEalttl�eae�et�aedbpdmSxmitylmutir�k���'.,�;:;:,;;.�:�. :.. ...
<br /> - (�All ar p�t of t6e PropeRy.br a 6me6ci�1 inMadt in a tmat o�rairt��Il ar p�ct oF`��'tupaityi is l�otd a' � .
<br /> - .od�awL+e a�osfaad(ddathan bS►devise a dasoe�)bY the Bacm+re`,ad
<br /> " ('u)'tUe Property is not accagiad bY tt�w�haur a�at�e is Lis or ber prnxip�i�oc dn pa�ssa
<br /> a g�ee dxa so occapy ihe PropatY Ixu 6is or her ciedit tas nd beea appiuved in accadance •
<br /> �rrtlt t6e ieqttite�oea[s of ibe 5eciwry.
<br /> (c)No Wat�er. If ci�m�noes accur thit wroald pennit l.ender to ra�ain�madla�e payu�d�t ia foit,but Lsnda
<br /> does aot suc6 pyma�t+.i.eader,does mt waire its ngha w�th ee:pect to salueqoent aventt.
<br /> � (�)�i�u�f HUD Se�redr�..ln m�ny ci�+cu�tanas re�ulatiuns itsued by tbe Sa�t�ry�n'll timit�.enderh
<br /> . rishts: in the csse of psyment defwris,.w�eq�un immediate payment in full and faecW�e �f ent 71�it '
<br /> Secunty tnstrument does nat aahori�e scxeiaation or foreclowro it nat p�etmipod by�ulations of the�ury.
<br /> (ef 11NeM�/e N�t iwweN. Homnw�er apees dat sia�W d�i�Seciaity Insttumeat rrd the aote�ecu�M the�eby�ot ,
<br /> be eU�ibk tor Luur�nct wider the 1Wtianrl Housini Act within s � feum tbe ,
<br /> � d�ie he��of.L.c�nder m�y.�t its optwn�rd notwiths�ndin��nythinf ie PUnpap�nquioe 6nmediate Pay�it in.
<br /> [ull of d!wms aecuoed by�his Securiry Insaumen�. A writta��ta�nnent d any�wNorized a�eM of t!k Sec�tary
<br /> d�ted wbsequent to $ �oIItlls fram tNe d�m heteo�docl�ing to 6ourt this Savrity
<br /> tnatrwne�t�nd the note secuoed the�eby.sh�11 be deemod conclusive pvof of such ineUgibiliry. Nopwlthswdina ,
<br />' � the foiegaing,tbis apslon Tnay nai be exenciseA 6y Lender wtKn the u�vailabiliry of iasutu�ce ls sokly due tu
<br /> 1,ender�s fu'luie to niait a mo�tgage insunu�ce p�emium to the Sa�retuy. t w fuD bocauae ,
<br /> 10 Reiestak�� Bonuwer has a right to be reinstated if Lender h�s nquic+ed lmmodiate Wymea .
<br />- of Bamwer� faiiute to pay an amount doe m�der the•Note or this Savrity Insnwnen� lriis right ap�t�es even after
<br /> — foroclosure proceedings ais ins6tuted 1b reinstau the Seciuity Instrumrnl.Borcower shall ut�der ia a lump sum all
<br /> unoimts requined to:bru�g Boirower's account cumnt including,to the extent they are obligatioas of Bamwer under this .
<br /> Security Instruma�t,fmxlosure costs and n�asonaMe atxl custom�y anomeys'fixs and exP�P�P�*IY���with
<br />__ tbe foroclosure pmoeeding. Upon ieinctatement by Bomawer,this Security In.mument and the oWigations ttwt it savices
<br /> _� shall iemain in e�'xt sts�f Lenber had not�uired immodiate payment in full. However.Lender is aot�eqwned w�em�it �
<br /> reinuatement if: (i) Lender has aecepted nhnstatement after the commencement of forecios�e procetdings witlun two
<br /> � yeais umnediately pnecoding t#�e cammes�cement of a cutrent foreclosun Procteding. Cu?�t w�l p�eclude .
<br /> me
<br /> ' � ��L� fos+xlosure on different grounds in the fuwre,os(iii)reinstatement will adversely affect the priority of the lien crtated by
<br /> � ��.+�`� tl�is Security Instrument. �
<br /> �, ���:i .
<br /> ,,� F —,�.�� 1L $orrower Not Released; Forbearw�ce by L.ender Not �Waiver Extension of t6e time of paymeet or
<br /> ,�. • .,,::
<br /> .��,_ i� ��:;.�.:.,:.r•�;; madifica6on of amortization of the sums secured by this Security lnstniment granted by Lcsider to aay successor i�t interest
<br /> :• e
<br /> ii�.��� .:1���� )4"t '
<br /> ;F���„ of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interies� Lender
<br /> � . shall not be rec�uimd to commence proceedings agamst any successor in interest or refuse to��d time far pa t or
<br /> ,.• . ;;,�<Y;:?:�:;:,� � ot2xrwise modify amortization of the sums secured by this Security Instrument by reason a€.�+.demand�the
<br /> �,'`:� .�•; original Borrower or Borrower's successors in interest Any for6earance by Lender in exercisia�'�y riglU or nmedy shatl
<br /> ,.�-., ,�. ,,,, !•,;
<br /> ..: ,tt. �. . not be a waiver of or prectude the exercise of any right or remedy.
<br /> :=.'�� . �"'� 12. Sueeessors and Assiigas Bound;loint ae�Several Uability;Co-Signers. The ccvv-r.a.^cs and ageements of
<br /> :'�;-;��° :, ;�;,;; thisSecuriry Insvument shall bind and benefn thc sLCassors and assigns of Lender and Borroaec,s�Dject to tEaepmvisions
<br /> '••��•• �� oF P�a�aph 9.b. Bonower's covenants and agreernents shaU be joint and several. Any �wer who casigns ttas
<br /> �'"' '� " � '� Secuniy instnunent but dces not execute the Nate: (a)is co-sigri�o:�cF!is Security instrument o*'-�dy to mortgage.grant at�d
<br /> ' ' � / convey ihat Borrower�ir..;�.�a in the Property undcr the terms of�u�5:.::riry Instrument;(b)is not personally obl�gated to
<br /> '`t��'�'''� �` �'� ""� paythe sums secured by u�s Security lnstrument:and(c)agrees�ha�Y.�i��c�d a.ny other Borrower may agna to extend.
<br /> . ""�''"'���`,.{;;.• � � modify.forbear or make a.;+accommodations with regard to the terms of t;.is Security Instrument or the Note w�thout that
<br /> �r. .:::,:::; "•,:' Borrower's consent. � _ ,
<br /> � ', �.�;;���t;:`;,;;`.;;� 13. NMlces. An notice to Borrower rovided for in this Security Instrument shall be��en by delivering it or by
<br /> � �� � Y P
<br /> `; . �:;�:�,,�••••,.��:. mailing it b}; frrst clasc mail unless applicable law requires use of another method. The rcr,�a:s.'hall be dirccted to the
<br /> •�;�;;�;��:;;;;r,•,',� Properiy Address or any other address Barrower designates by notice ta Lender. Any notice ru�eader shall be given by .
<br /> . �` first class mail to L.ender's address stated herein or any addre�s Lender designates by notice io S�zower. Any notice
<br /> �' ``��'�� ' ' provlded for in this Security Instrument shall be deemed to have been given to Boaowcr or Ler.�r�wi:es�gi�•en as provided
<br /> h,d�{;�^•::::;.'�i;'� ;f':
<br /> �'t�,;,;;: ':-.•.�,".,:,�� ln this ParagaPh•
<br /> r r .,�'��.._ �'�:.'..' 14. Governing Law;SeverabiGt� This Security lnstrument sfiall bc govemed by Fed�4aw an�the taw of the
<br /> : .�; ,� � .�t'.
<br /> � , '� jurisdiction in which the Ptoperty is Iurased. In ihe event that an� provision or clause of tEsis S�yurity lnstrument or the
<br /> ' �''�'"':'-`i:'''� Note conflicts wlth appiicabtc law.sueh rontlict shall nat affect oct.°r provisions of this Sev�.�iry lnshument or the Note
<br /> � '`�.,t•:,-•�;^.=:� which can be given effect without the conflicting provision. 'Ib this end the proviaions of ihis Security]nstrument and the �
<br /> ' ';;;;;;���•. Note are declared to be scwerabte. �
<br /> �:�,,,.. 15. Borrnwtr s Copy. Borrower shall6e given one conformed copy of this Security InswmenL
<br /> vui
<br /> 16. Assignment ot Renta. Borrower uncondmonaliy assigns and transters to Lender all the rents and revenues of the
<br /> - Pfraperty. Boirower authorizes Lender or Lender's agents to,collect the rents and revenues and hereby directs each tenant of
<br /> — the property to pay the rents to L,endcr or Lcnder;s agtnts. Hawever.prior to l.endcr's norice to Borrower of Burrower's
<br /> _� � bnach of any cavenant or ageement in the Security lnstrument.8orrower shAll col�ect and receive aU rents and revenues oi
<br /> -- — � the Prvpetty as trustee for the benefit of Lendcr:uid Borrower. 'Riis assignment of rents constitutes an absolute assignment
<br /> _� �ndnqe at1 assignment for additian�l security ady.
<br /> 1f i.wtder grves notice ot brexh to Sorrowet: (a)all rents ceceiyed by Borrower shall be held by Borrower as ttustee
<br /> �=��": . for benefit of Lender only,to be applied to the sums secured by the Security Ynstrument:(b)l.ender shall be entitted to
<br /> •E;i' :
<br /> a�° �Y =°-��� �: � collect and receive alt of the rents of the Property;and(c)each tcnant of the Property shall pay a}1 rents due and�utpaid to
<br /> — Lender or Le�rnter's egent on Lender's wriuen demund to thc tenant.
<br /> — Borrower has not executed any priar ass�gnment of tLe rents and has not and will nd perfonn any act that would
<br /> — prevent l.ender from er.�sing its rights under this rnragraph 16.
<br /> . I.ender shall not be�eqmred to enter upan,take cantrol of or maintain the Property before or after giving nodce of
<br /> h�+pch Uo BQrrower. Nowever.Lender or a judre�aUy ap�ointed receiver may do so at any r�me there is a bneach. Any ,
<br /> apQlir�tio�af nnts shail not cun or w�ive any default at u►val�d�te any otl�er nght or remedy a€Lcader. 'Rris assignment
<br /> � .:.`-:�..s�4'tenis otlhe Pirope�ty shall samiQai�when the debt secural t�y the Security(nstn�ment i�gau3�fuII... �
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