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<br /> � payments,which are rcfemed to 1n Puregro�h 2�,or chonge the amount of such p�yifKh+n. Any exce�s proceeds over un -
<br /> omountrequirtd to p�y�li outxtandios indebtedner�under the Note wid this Secunty Instrunxnt�hull be puid to the entity
<br /> legdly entitled thercta.
<br /> ---- B. F�eq. l,cnder may collect feea und cluu�e�authoriccd by the Secrctary. —_
<br /> ------ 9. Grounds for Accekrntion ot Debt. "
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<br /> (�)Default. Lender may,except ws limited by�+egulutions i+sued by the Secretury in the cuse af payment default+. �..��....•_.�._--=�
<br /> nequir+e immediatepuyment in full af ull xums wxured by thi�:Secudty lnstrument if: �_�_____
<br /> _--_------— (i)Horrower defeutt+by fAiling ta puy in fuU any monthly puyment re�uircd by thiti Sccur�ty Instrument�rior t^_'� �.� _
<br /> ��r� to or on the due date of ttx next monthly payment,ar _, _—._ -
<br /> =—�+��±���� (ii)Bornower dcfault�by fxilinQ,for a pcnod of thiny days.to perform anY ach��°b�Uiutions contained in this �`�' �'
<br /> ---° Secunty Insicuttunt. Ql+^-��`�=-"
<br /> -m (b)Sale Wilhout Credtt ApprovAl. Lcnder shall,if pemiiacd by uppljcublc!uw►u►d with the priar approval of thc „��,;
<br /> ------. --�-�.'� Secrotary.nquirc immediste payment in full of ull the tium�+ecumd by this Security Instrument if:
<br /> �`�.:Y.,-,,.-�
<br /> - ��_�� (i)All or part of thc Pmperty,or A t�eneGciul intercst in a trust uwning all ar paa of the Property,is wld ar 6_,�x_;_��.,-
<br /> ����,-ri•:.�=�� othcrwlse transferred(other than by devisc or dc+ccrrt)by thc Barrower,und "' �-�
<br /> ��..,,,.:z-,_.,. (ii)'R�e Property is nat accupied by the purehuser or�runtee w his or her principal msidence,or the purchuser � T._:� �`
<br /> � ,�x��r���• or grantee does su occu the rt but his or her credit has nat been �+pproved in uccordance _.__--
<br /> 4-r:;; . PY �W►� Y �_,+� ;�
<br /> ;?t�, with the requiremenGs of thc Secretary. .
<br /> � y,�a'�,,,� (c)No WAWer. If ciccumxtances occur that would petmit Lcnder to require immediate payment in full,but Lcnder �'�-_���_�:�'
<br /> _,,�,��1`;�'�r*. �; d a s n a t r e q u i r e s uch payments.Lender does not wuive itc rights with respect ta subsequent eventti. ,k•_..
<br /> - ""��'��'�` (d)Re�ulsttions of N U D Seeretary. in mony circumstunceti reguluttons issued by t he Secretury wi l l lim i t L e n d e r;
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<br /> : ���R� rig h ts, i n t h e c a s e o f p a y m e n t d e f u u l t s, t o rcqufre immediate payment in full nnd foreclose if not paid. This ��
<br /> ;�},�..,y0-.�•`�%�. �, Security Instrument does not euthorixe accelera t ian or foreclosute i f not permitted by regulations of the Secretury.
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<br /> � �;�:.. • (e)Mortgage Not Insured. BoROwer ugrces that shculd this Secudty Insmtmeot nnd the nute secured therc y not "�,,�,; - +1
<br /> : � �,n::>��•�`•. �� ` .�� bc eligiblc for insurancc undcr the Netional Housing Act wtthin from the •.fy�,�._t-
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<br /> � � date hereof,Lender may,nt its option and notwithstanding unything in Paragruph 9,require immcdiate poyment in � : ..��_
<br /> ���,+^����` full of ull sums secured by this Securiry lnstrument. A written stntement of any authori�ed agent of the Secretary :,_��`
<br /> • from the date hereof,dedining to insure this Security �;.�,;:��W'
<br /> _ � ° - dated subsequent to '~' ' -.
<br /> '. ��.�. Instrument and the note secuted themby.shall be deemed conciutiive proof of such ineligibility. Notwithstanding • #,..,.
<br /> J���, � � thc foregaing, this option muy not bc excrcised by Lender when the unavuilubilit of insuntnce is salcly due to '�^�^�>+�`-
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<br /> � �• Lender s failure t�rcmit u mortgage insurunce premium to the Secretury. .:.�,,�x
<br /> " ,h,v;;,,,�aR�;,;�.:._?'`. 10. Reinstatement. Borrower hus 3 right to be reinstuted if l.endcr has required immcdiute paymcnt in full because ,:_:,u.
<br /> ° ' of Borrower's failurc to pay an wnount due under thc�Naic or this Sccurity Instrument. This right upplies even after -� ___
<br /> .,;�,�;,,,r .. . . . .. foreclosure proceedin�s are institutcd. To reinstote the Security Intitrument. Borrower tihull tendcr in a lump sum ap � ��°:
<br /> -- -=� •• ------ asnounts r!��nred to bring Bw��w�r:account current includiRo,to thP Pxtcm they arc abligatiom of Borrower under this ���_'.
<br /> Securiry Instrument,foreclosure costs und reasonable a��d customary uttomeyx'fees and expe���e,pioperly a�sociatcd�:i!S ,T�� _*_
<br /> � � the foreclosurc procecding. Upon rcinstutement by Borrower,this Security lnxtrumcnt und the obligutions that it.ecures ��;,� ��. _
<br /> � xhall reman in effect as if Lendcr had nat reyuired immedintc payment in full. Howevcr.Lender is nat required to�ermit �;�:.,'..����•. —
<br /> reinstatemcnt if: (i) Lender has nccepted reinxtatement after the cammencement of foredosure praceedings withm twu � , ,�,:
<br /> • • , ���� , years immediately preceding the commencement of a current foreclosure proceediog. (ii) rein�tatement w�ll preclude �=:
<br /> � � foreclosure on differcnt ground.r•in the futum,or(iii)reinstatement wiU advencly affect the priority of the lien created by ,�,.�:"�
<br /> � , this Security Instrumcnt, �
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<br /> -_ 11. �orrower Not Released; Forbearance bv I.ender Not a Wniver. Extcnsion of thc timc of a ment or �
<br /> modification of amorti�.ulion��f the surns securcd by this Security Imtrumrnt grunted by Lender to any suceessar m mterezt � ..h
<br /> ��.. ,_'.. of Borrower shull not operate tu relcase thr liahiliry of thr urig�nal Borrower or Borrower s succc,sor m interest. Lender �-
<br /> �y• . shull not be required to commcnce prcxecJings aguintit any +uccessor in interest or refuse to extend time for paymcnt or
<br /> i� •• otlierwise madify umortiiution of the +ums�c�ured by this Securiry Imtrument Ny reu�on of uny demand mude by the
<br /> original Borrower or Borcower+.ucceti+ur.in intere�t. Any ti�rbeurance by I.endrr in exereising any right or remedy�hali k
<br /> , ' not be n wuivcr of or prccludc thc exrrci+r of any right o�rcmrdy. ;
<br /> 12. Successors and Assigns Bound;Joint and Several Liability;Co•tii�ners. Thr ccwcnunts und ugreements of
<br /> � ' this Security Inxtrumcnt�hull bind and Ix�ncfit thc+urres.or�and a..ign+of Lrndrr und Burrower,subjcct to the provitiions i.. .:.__
<br /> �i i ' " of Parugruph 9.b. H��rrawcr ti covcnunt. and agrcementy tihall t-ti joint und �cvcrul. Any Borcowcr who co-ti�gnti this � .� ,
<br /> •• Security Intitrument hut d�x+not rxecutc the Piote: la)iti co-signing thiti Scrurity Imtrument only to mongage,srunt and ;
<br /> convey that Borrower's intcre�t in thc ProExny unJcr thr trmis uf thi�Sccurity In�trumcnt:(h)iz not personplly ob]igateJ to �'
<br /> " puy the sums secured by thiti Seruriry Imtrum�nL•and tr)agr�r+diat Lcnder and:+ny othcr Borroa�cr may agne to cxtend,
<br /> �. • modify,fortx��r or makr uny accommc�•rtions with regarJ tu th�trnm uf thix Security InsnUment ar the Note without th:►t ` �
<br /> . Borrowcr's coment. ,
<br /> • 13. Nutices. Any noticc to Borrow�r pruvided tiir in thi,Scrurity Instrumrnt +hall tx �;ivrn by dcliverinF it or by .��
<br /> � '' , mailing it by fir+t du.. mail unlr,.upplicablr luw rcyuircx u.c of an��thcr mrth�xl. Th�� noticc tihall bc dircctcd to thc d. ,
<br /> . � property Addrcxti nr any�nher adJrey�Burcower dr+i�nute+by nolicr te�Lrnder. Any notice to Lcndcr shall lx given by
<br /> • first clas, muil to LenJrr+udJrrti,titatcd hrrcin ur any addr�,+ l.rndrr dr,ignatc. by notirc to Borrowcr. Any noticc
<br /> '� .. provided for in this Sccurity In.trt►mcnt�hull Ix deemed tu huvc lxrn givrn t��Hottowcr or Lrndcr when givcn us providrd ;
<br /> � �n thiti paritgruph.
<br /> �� � 14. Governin};I.aw;tiever�bilit�•. 1'hi.Srcurity In+trument +h:►II Ix guvrrnrd by Federcil law and the law of the �
<br /> ' � � jurisdiction in which thr !'ro{xrty i� I�xatcd. In thr cvrnt that any pruvi+iun or rlau.r��f thi�5rcurity In.trumcnt or thc
<br /> Note eonflictx w•ith applirable I:�w..ucB r�mtlict tihall nut :�ttrrt c�thrr pruvi,iun,��f thi. tieruruy In�trument ar thr Ne�te
<br /> ,'.=2, which can he given rff�rt with��ut thr cuntlirtinE pmvi.iun. Ti,ihi.rnd thr pmvi.iun�of thi�Srrurity Imtrument und ih�
<br /> e.:; � � '� Notc urc dcclurrJ tu Ix�rvcrahlr.
<br /> 15. BorroN�er'x Cupv. Burruwrr tihall ix�ivrn�mr conti�rnud rop) of thi+Srrurit��Intitrunnnt.
<br /> ' ' . 16. AssiRnmeM uf Rents. ti�,rro�cc�wirunditiun.+lly a.�i�n�:ind tran.fin tu Lcndr�all the rcnts und revrnuc.of thc
<br /> ' Property. Borrower:wthoriir+LenJer ur Lrnder�ugcnt.tu cullert thc rcnt�anJ revenucti and herrhy directs each tenunt of
<br /> • 't � �.. the Property to pay thc rrnts tu L�ndcr ur L�nJer',agentti. H��wcvrr.priur tu Lrnder's nutirr to Horrowcr of Borrowcr ti ,
<br /> ' •• � breach of uny cov�nunt or u�:recmm�t in thr Srrurity In.trumrnt,Horruw•rr�haU c��llert•rnd rerrivr all rents and mvenue,of
<br /> '��,:� thc Property as trutitrr for thr txnrtit ot l.cndrr and N��rruu-cr. 'I'hi.as.ignmrnt ol'rrnt.r�m�titutc.an uNsolutc•rssignment
<br /> ; } and not un utis�gnmcnt fi�r udditiun:d ticrurity only.
<br /> - L_ _ . . _ If Lendcr aivc+notirc of hrcurh k�Hurn►wcr: Iu1 ull rcnt+rcreivrd hy Hurru�ccr�hall Ix hrld hy Burrowcr a�wst�c
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<br /> � ' �i-- t- - for bcnefit uf Lrndcr only,tu Ik upplicd to thr wnt+�ccund hy c1t��ccuriry imin�mcni. ii;i i.cuu��,��..�� �� �:::..���:
<br /> P collect and rcccivc all of thr rentti ut thc Pn�Exrty�: and trl ca�h ccnant ot thr 1'ra�xrty�h:ill pay ull nnt.duc and unp�iJ to
<br /> , � Lendcr or LcnJcr.ugcnt un Lrndrr+wrinrn�Jrmund tu thr trn+int.
<br /> Barrowcr hu. not cxccutcd uny priur a�tiignment u(thr rrnt� imd hu. nut und a•iIl n�n Exrti�rm;►ny act that would
<br /> t prevent Lender from rxrni.in�:it,ri�:ht.undrr th��Parugraph lh.
<br /> ; f ,�' � Lendcr�hull not tk rcyu�rcd tu cntcr upun,takr cuntrul uf or maintain thr k'ro{xrty ix�funr ar uftrr giving noticr uf
<br /> i � brcuch ro Borrowcr. Huwrvrr.l.cndcr i��u judirially up��intcJ mrcivrr may d��u,ut any timr thcrc i+a bmach. An�.
<br /> ,, r u�+plication of rrnh.hull nut cum or wuivr uny dM:iuh ur mvaliJatr any uth��r right ur nmcdy uf Lcndrr. Thi.a,�ignmrnt
<br /> • �, of rcnts of thc Ro�xrty�h•r�l urminut�whcn th�:lrbt�crurcd by thr ticruriry In.trununt i.paid in ful�.
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