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<br /> Po!►mm�s.whicb�ro refen+ed�o in �p1 2�or c��e the amount�wc�paymcnts. My exceW proceedi aver an
<br /> �unoumroqui�ed w p�y aU au�qndL���iu�rdebiedneu wrde�the Nae and�his Socw�ity Inwwaeac,h�ll be p�W a Na eatity
<br /> b�ily ent�Qed theYeto.
<br /> 8. i�lea. Lender msy collect fecs and chuaes wtF�arized by�be Sorretary.
<br /> 9. Orouadi fi►r Accekrado�dDebt.
<br /> (�)DdiwM. L,ender mny�except nr limitod by re�ulaUau iuuod by tho Secrcwy in the caio of payment defaulta,
<br /> roquin immediatep�yment in ful)of�II�unn�ocwed by thfa Sxudty Inurument if:
<br /> -.�=__-_---_--_�-;,_� (i)Barrower dofaults by fuiling W pay in full any manthly payment�equlied by thia Securfty Inatrument prior --
<br /> ta ar an the due date of�he�rext manthly{wiiyment,or
<br /> (ii)Bomawer def+witr by fdUn�.for a periad of Ihirty day�,ta perfarm any other obUQwfan�canuEned in thb
<br /> � — 5ceurity lnsuunxn�
<br /> (b)5de Without Crtdit Approvd. Lender dwll,if permitted by appiicuWo law and with!ho pdor�pprovd of Ihe
<br /> Sxtetuy.royui�s immed�te payment in full of all the sums secu�d by this Secudty lnattumenl if:
<br /> �- _— _ (i)�►11 or paR of tho Property,or a benefici�l intetest in a trus!ownin�all or part of the F'roperty.ir�old ar
<br /> _ ..: .� _�_s.� otlierwise trnnxfert+cd(otbcr�hon by devise or desceny by tho Barower,wid
<br /> (ii)The Property is not cecupied by the pur�ci�ascr or�rantec as his or her principrl residence,w the purchaser
<br /> or grantee das so occupy the Proporty but his or her crodit has not becn approvod in accordance
<br /> —_ _ wl�h thc requircmen�s of�te Sxretary.
<br /> (c)No Walver. If circumstances occur thet would pe�mit Lender to rcquire immediate{myment in iull,hut Lcnder
<br /> does not require auchpaytncm ts.Lender does not waive its�ights wlth respoct to suUsequent evenl�.
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<br /> (d)Re�ubNouo o�NUD Secrotary. In mpny ci►cums�ancea regulations lsaued by�he Secretary will limit Lenderh
<br /> - rights. In �he case of paymcnt defaults. w�q uire immediate payment i� full and foneclose iP nd . e
<br /> �'�__ Socurlty I�suumcnt does nat autNarize accclers�tion or fomlosurc if not permiued by regulotfons of 1he �etary.
<br /> _, �. (e)Mo�Qe Not insured. Borrower egrees that should this Securky Inadumen��nd the note recurcd thercby not
<br /> bc eligible for insurance under the National Houaing Act wilhin 8 �n M from Ihe
<br /> . :+. . date hereof,l.ender may,at ils option and nawithswnding anything in Pwragreph 9,require immediate pnyment in
<br /> full of all sums securcd by this�udty InsUument. A written statement of ony authorized agent of the Secrctuy
<br /> -� detcd subsequent to 8 modttu from the date he�+cof,decli�ing to insurc this Secudty
<br /> Inauumenl and the nou securcd Ihereby.shull be detmed conclusive pronf of such lnelig3bility. Notwllhstanding
<br /> the forc�oing.ihis optton may not be exerclsed by Lender when the unavailabiliry of insurance Is solely due to
<br />..��. I.enderh failuro to remit a morlgage insunutce premium to the Secretary.
<br /> 10. Rein�tatemen� Borrower has s right to he reinstated if l.endcr hes rcquircd immedinte puyment in full because
<br /> �.,, � ' of Bomnwer� failure to pay an amount due u�der the•Note or this Secudry Instrument. This right appiies even after
<br /> �.,,. ',� � � � fw�eclosure proceedings are mstituted. 'li� reinstete the Sacur�ty Instniment. Borrower shuU tcndcr in a lump sum all -
<br /> - ,�,.,- -_- amounss s+equired to;bdag 9orroeser�s accoant zun+eat including.to ttse extent shey aee obligsttons of Bomower untkr thls
<br /> � ;�����•� '> �� � S e c u r i t I ns t r u m e n t,fo reclosure costs and rcasonable and cuslom anorne s fees and ex oses ro rl associated with
<br /> . ,..as��{+� Y �' Y � P e P P e Y
<br /> '���;Q; . �,.;�.;�.r Ihe forcclosure proceeding. Upon reinstetcment by Borrower,this Security Instrument and�he obligations that it secures
<br /> ' ";� �` �""'"; "" shall remain in effect as if Lender had not required immediute payment in full. Nawever.Lender is not requlred to permit
<br /> i;°� � reinstatement if: (i) l.ender has accepted r+einstatement after the commencement of fomclosure praceedings wl�hin two
<br />- � ;;:ni:,';•':- . .. .
<br /> . _,«pt� � years immediately preceding d�e commencement of o current fareclosure proceeding, (ii) reinstetement w�ll preclude
<br /> /•��i`�5�4Y"�'... . '. � '
<br /> ,;,ul�t. . �;.:,i�,;,': foreclosure on different grounds in ihe fi�lure,or(iii)rcinstatement will adversely affect the pr�odty of the lien created by
<br /> ;.,.� '�*;..,.., lhis Securiry Instrument.
<br /> `"' '`���� 11. Borrower Not Releasedt Forl�eArAnce b Lender Not a Walver. Extension of the �ime of inent or
<br /> ,:-� .;s;+�;.,:'� �' PaY
<br /> . Q. �, 4.,v�:��� modification of amonixat�on of 1he sums secured by�h�s Securiry In,trument grunted by Lender to uny successor in interest
<br /> - , a�-°•-� �.;;��. of Barrower sball not opernte to releasc�he liability oP the original Dorrowcr or Borrowcric successor in interesl. Lender
<br /> ° - � � shall not 6e required ro commence proceedings ogainst an� surcessor in interezt or refuse�o extend time far puyment or
<br /> �r " 'S�`^�'"�'•�' "• othenviae modify emonizution of thc sums securcd by this Security Intitrumcnt by renson of nny demund mnde by the .
<br /> ?��+�•��c �.,;:�<. • • originel Borrower or Borrower4 auccessorx in interegt. Any forbearunce by Lrnder in exercising any right or remedy shull -
<br /> , ,�;�.:�;F.�,•�• .•<,: ; not be a waiver of or prcclude the excrcitic of any right or rcmedy.
<br /> ° ., 1Z. Successors and Assigns Bound;Joint and Several l.iabilfly: Co•Slgners. Thc covcnants and ngreements of -
<br /> , this Security Instrument shull bind und benefit the successon und u�sign�of Lender und Borrower,subject to the provisions -
<br /> ':';�;, . • of Pura�mph 9.b. Bonower's covenams and ugreements shal) be joint und srveral. Any Borrower who co-signs this
<br /> ` �^�`��• � , . Security Instrument but Joes not executc the Notc: lu)i,co-rigning�his Security Instrumcnt only to mongnge,gmn t nnd _
<br /> a- ' . convcy Ihut Borrowerk interez�in tlx Propeny unJcr�he termti of�hi.Seruriry lnytn�mcnt;(b)is no�pen;onully ob il gnted to =,
<br /> pay the sums secured by this Securiry Instrumcnt;und(cl ugrecs thnt Lrndcr und un�o�h�r Bunower may ugree to extend,
<br /> °, -r; :�;±,:i� modify,farbeor or mnke uny accommodutionx with regurJ to�hr termx of thix Secunty Inxtrument or�he Note without thnt -
<br /> �4` '• ��'a;..,,;;,�,,.,. Borrower's consent.
<br /> 4= -�- 13. Notices. Any notice lo Borrower provided for in Ihis Security Im�rument whall be given by delivering it ur by
<br /> � `���• ''� meiling it by firat class mnil unless upplicable law reyuires use of unother methai. The nutice shull be direrted to the -
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<br /> - � .�,. : Propeny Address or uny other uddress Bomower dexignate+ by notice to Lender. Any no�ice to Lender yhall be givrn by
<br /> .4: .:. „ first class mail to Lenderti uddress+tuted herein or uny addrexs Lender detiignu�es by nntice �o Borrower. Any notire 7
<br /> �'r;;r �•�..:��- Qrovided for in this Security Instrument shull be dccmed to huve been given lo Horrowcr or Lendcr when given as provided
<br /> -�'�' ,::� . m this paragraph.
<br /> ' "�ti� �,,,'.�,: :. 14. Governiag Law;Severnbility. This Sccurity Inhtmmem tihnll be govcrned by Fcderul luw und the luw af the
<br /> -�i` junsdiction in which the Propeny is locnted. In the evcnt th:u any provisian or cluusc of this Scwrity Instrument or the
<br /> ~,n•� ' ��� Note conflicts with aPPlicuble luw,such conflict shull not uffect other pmvixian�of Ihis Security Instrument or the Note
<br /> 'V -'% '�,., ' which cun be given effect withaut thc conflicting provitiion. Tii�his end the pmvisions of Ihin S�wurity ImUUment ond the
<br /> �, •�.:..:,: ..
<br /> . .',��'r�.�,�`��•�.• Note arc declared to be severnble.
<br /> ,.,,,,,:at'�, 15. Borrower's C y. Bomower shnll be given one conformed copy oi�his Security Instrument.
<br /> �..,�..:t;...:�.
<br /> � 16. Assignment of�ents. Borrower unconditionnlly�ssign,and trunsfen:to Lender ull the rents und revenues of the
<br /> �'�`.,'� ' Prope�ty. Borrower authorixes Lender cx Lender's 3gems to collcct the rent,and revenues and hereby direc�x each tenant of
<br /> J.w'..J�:�M:
<br /> 1he Property to pay thc rents to l.endcr or L.ender`s agents. Nowever,prior to Lender's notice to Borrower of Bom�wer's
<br /> _ - --- -- b�e�ch of eny covenent or e�ment in the Sccurity Instrument,Borrnwer slioll collect and receive oll rcnts and revenues of
<br /> -=-= = the Prope�ty es puste�for 1he benefit of Lendcr und Bom►wcr. 'I1iis ussignmenl of renGw constitutes nn ubsolute assignment
<br /> � — �nd not an assi�nment for additional security only.
<br /> If 1�ntM.r viv�a nntirn nf Fr�arh tn IL+nt�w��- (al nll r�nls rwrrivPrl I�v Rrxn�ur�r�hall M hwlrl I+v R��ur�r n¢frt�dM
<br /> - -- --------o- --°---- -- ----°•- ----- --- •-�-----°------ -- -. -----'._• -••—•--------� ---•-"-- —------
<br /> = for benetit of Ixnder only,to be applied to the sums sxured by the Securiry Instrumenr, Ib)Lender shall be entitled to -.
<br /> ' wllect and roceive all of the rcntx of the Property;w�d(c)each tenant of the Property shall pay NII rents due and unpaid to
<br /> l.ender or Lenderh agent an L.enderb wnnen demend to tMe tenant.
<br /> - Bonower has not exxuted any prior assignment of the renta und hos nat and will na pedam any art tiwt would
<br /> prevent Lender fran eaercising its rights under this P�rograph 16.
<br /> � Lender slwll not be�equired to enter upoa.talce control of or mnintain thc Property before or aft�r giving notice of
<br /> b�aach w Borrowa. However,t.ender a a judicidly appointed�r.ceiver mpy do so w any time�here is a M�each. My
<br /> _ �pplicuion of rcnta shall not curo ar w�ive any default or inv�lidate ony ottxr right or rcmod�of Lemier. ThiY sw�nment
<br /> of reot�of�he Pruperty ahaU tenninate wbai the debt�ecured by the Secwity Inswme�t is pa�d!n full.
<br /> . �Pvi�d ql�pqtesl
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