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<br /> pwymentr,which iue rcfem:d tu in Hu��r�ph 2. or ch�n�e the wmount af such paymen�s. Any excexr proceeda over An
<br /> �.. uncwnt reyuired to pwy dl outauirWinyt indebtcdner�under the Nae wnd thir Secu�ity In�:trument�h�ll be pRid to the entity
<br /> == _-_--- k��ll eatidod therctu.
<br /> �°�-�- - � Fkai. l.enikr mry colkct ferx nr�d cl�t�es�uthcxlted by ihe Secrcwry.
<br /> 9. (irounds for Accekratton o�Debt.
<br /> ;�;�~'�'���° " .� (�►Defi�ull. Lendrr may,except�.�iimited by regulutiun.r i+�urd by tl�e Srcrctury fn ti�wie of puy�i�ent defi�ult�, �--
<br /> , requirc immodiwtepxymcnt in full af yll xum►securcd by thi�►Security In�trunxnt if:
<br /> �; :� �. (i)Borrower def�ultx by fwiling ta pwy in full�ny monthly pwymcnt rcyuircd hy this Security Inxuument prior
<br /> -.-.-^.-- tu or on thc duc datc uf tl�c�ux►manthly N•ry�tiunt,w• �-
<br /> a� ��,��r . . (ii)8cxrower defAUlt�by failiny.for n pe�iod of thirty duys,to pertbrm wny aher obli�ationR cont�ined in thir
<br /> y •° ,•�° ►�,.r '" Security In,trument.
<br /> '--_��. � ' � (b)Srle With�wt Credit Approv�l. Lendcr shall,if perniitted hy uppllcublc luw und with tlx:prior upprovnl of the --
<br /> �.''.,�.u..."-.�.•:::,x. � Secrctary rcquire immediAte p�►yme�it in fuU of�II the sumx securcd by thi�Security Instrument if:
<br /> • (i)AU ar p�n of the Praperty,ar u t►eneticinl interest 1n u truzt ow�in�ull ur p•rn of thr Pmperty, ir�Id or
<br /> ��r�... . ..+. . .....�r..i` otherwfse trumferred(other than by deviu:ar dcr�cnt)by thc Burrower,und
<br /> �_�_��•� ��`• (ii)The Pn�x�rty is not cxcupied hy the purchaser or grantee us hi�or her prinripul rcridence,or the purchuuur 6__
<br /> �_�.�.,.aa=.:�.,::u►•. ''
<br /> �.-,� •f;��:r�;,�} a ar grantee does w occupy the Propeny but his or her crcdit hus not been approved in uccordance
<br /> � �• with thc mquiremcn�+af the Secretary.
<br /> ., ,�� -�,.;;�_ . ��_�' Ie)No Wi►Iver. If circum+tances cxcur that would permit Lender to reyuire immediute puyment in full,but Lender
<br /> ,._ �- daes not requirc such puymem+,Lender does not wuive itti rightr with respect to zubccyurnt eventti. —
<br /> � � � ' `�'� ld)ReQulnttans oP HUD 5ecretary. In many rircumstunces regulutions issucd by ihe Secretury wiU limit l.endcr's ---
<br /> �� �}' � rights, in the care af payment def�ultti. to �cyuirc immediute p:►ymcnt in full und foreclose tf not paid. This —�
<br /> � � � Security Instrument does not uuthorize accele�ut►on or foreclotiurc if not permincd by ngulatianx af the Secmtary.
<br /> � tet Mart�e Not Insured. Borrower agrecs thut should thic Security Inrtrumcnt and thc note sccumd thereby not �
<br /> � be cligibic for insurance undcr thc Nationul Housing Act within 8 �� fram thc
<br /> dute hcreof,Lender m•ry,vt its option and notwith�tandi�g anything in P�aragraph 9,rcyuire immcdiute puyment in �
<br /> full of all sutm securcd by thi�f�usn'ty Intitrument. A written xtutement of uny authuriied s►gent of thr Sccretury �
<br /> � ' dated subscquent to ss u► from thc datc hcrcof,declinin�:to insum thiti Security
<br /> Instrument and the note secured �hcreby, tihall be deemed conclu.ivc pnx�f af wch incligibility. Natwith�tanding =
<br /> the foregoing, thiti uptiun may nat tx:exrrcised by Lender when thc unuvuilability u!insurunce is mlely due to �
<br /> �"--
<br /> Lendcrs failum to rcmit u moriguge insurance prcmium to thc Secretary. �
<br /> 10. Reinstatement. Borrower has u right to be minstated if Lendcr has rcyuircd irnmediatc paymcnt in full becuu�c
<br /> of Borrowcr'.,• fuilure to pay an umount due under the Note or thi+ Security In+trumrnt. Thi� ri�hr;�pPlics even ufter �=
<br /> foredosure proceedings nre tnstituted, To reimtate the Security In�trument. Borrower shull trndcr in a lump sum ulf ---=
<br /> amounts required to bring Borrower:account curmnt including,to thc extrnt they ure ohligation.of Borrower undtr thix �r�
<br /> ---=�-- - Sccurity In�trumcnt,famclosurc costs and reasanablc and custamary auor�cy.r't�c�and cxpc�u:s pro�xrly s.socisted es ith
<br /> the fomclosure proceeding. Upon reintitatement by BoROwer,thiti Srcurity Inxtrument •rnd the ubligahons thut it secure�
<br /> shall remain in effect us if Lender had not rcc�uircd immediute puyment in t'u�l. Howevrr,Lender is not rcyuired to permit __
<br /> reinstAtement if: ti) I.ender has accepted remstutement uRer the commrncement uf fi�rcclosurc proceedings within two �
<br /> yean immediateiy preceding the commenccment of' a current forecic�sure prckrcding, (ii) rcinstatement will preclude �-
<br /> foreclosure on different grounds in the f'umr+r,or tiii)reinstatement will udvenely uffect the priority of the lien created by ��:
<br /> this Security Instrument. �r�
<br /> i I1. Borrower Not Released; Forbearance by Lender Not a Walver. Extension of the timc of payment or �•
<br /> modification of amorti•r.ation of the�ums xrurcd hy this Securiry Imtrument Frantrd hy I.ender to any successor in interest
<br /> �• of Borrower tihall not oprrate to relcuk the liahilit��of thr original Burrower or Burtowerk wrcr+sor in intercst. Lender
<br /> �•r' shull not be rryuircd to commcnce pr�ecding+ againtit any succe.tior in interc.t or refuu to extend time for payment or _
<br /> •� othcrwisc modify amortization of thc+um� �crurcd by thi. Srcurity Imtrumrnt by rca�on of any dcmand madc by thc
<br /> i � original Borrower or Borrower'x succes�on in intrre�t. Any forlxarance by Lendrr in exercitiing any right or mmedy shall
<br /> , not be u wuiverof or preclude the exerci,e of any right or remedy.
<br /> - ' 12. Successors s�nd AsciRns Bound; Jofot and Several l.iability;Cu-tii�;ners. Thr cnvenant�and agreementti of
<br /> this Securiry In�trument tihall bind anJ t+enetit the wcrc,.��r�and:«,i�nti uf LrnJrr und Harruwer,+ubject to the provisiun+
<br /> of P�ara�r•rph 9.b. Borr<�wrr� coven•rnt+and agrccmrnt� ,hall lx�c�int and .cvrral. Any Borrowrr who co-.r�gns thi.
<br /> � Security Instrument but dcx+not rxrcutr the Ncitc: 1a)i�cu•.iNnin�.thi�Scrurity In.trument onl��to mungagr,gr.tnt and
<br /> convey th•rt Borcowrr�inten+t in thr Pru�xrty under the temu cit thi+Srcurity In�trument:lb►is not Fxrsonaliy obl�gatrd to �
<br /> p:�y the sum.tiecurcJ hy thi.Security In.trument:and(r1 agrceti that Lcndcr und um nther Burruwer may agrec to extend, ,
<br /> . modify,forhear or make.+ny accommcxiatiorm with rrgard tu the trm»ut thi.SrruritJ•Imtrumrnt or the Note without that k
<br /> Borrowrr ti con.rnt.
<br /> • 13. Noticeti. Any nuticr to BoRnwcr proviJed for in�hiti Scrurity In�uununt�hall tx givrn by Jelivering it ar by
<br /> mailing it by f�r�t cla,.mail un�c�s appl�rablc !aa rryuirc.utic of anothrr mrthcxi. '1'hc nuurc +hull bc dinctcd to thc
<br /> ,. ' Pro�rty Addresti or any uthrr addna.RorroWrr dc�ign:�tr,M•notirr to L�nJrr. Any nutirr to l.�ndrr.hall bc given by �
<br /> fint da�s mail tu l.rndcr'ti addm�� ,tatcd hcrcin or am ad�{rc.. :.endrr d«ign:itr.hy nntirc tc� Borrowcr. Any noticc ;
<br /> proviJed for in thi.Scrurity In�trument shall hc decmrd t��ha�r lxcn givcn to Hnrruurr or t.rndrr whcn givcn ati providcd �
<br /> .. . m thiti parugraph. �
<br /> . 14. Co�'ernin� I.aH;Severability. Thiti Serurit� ln,trum�nt ,hall tx�u�•rrneJ h} F�dcral la��•and Ihr law of the
<br /> � • jurisdirti�m in u•hirh thc Pro�xrty is I�kattd. In thc ecent th.d am pru�i,iun ur rl;�uu uf thi.Sccurity In.trumcnt or thc
<br /> � Nute conflict.w ith.tpplicable la��, ,urh runilirt tihall not a(frrt ut�rr pnni.iun. uf thi,Security In.[rumcnt ur thr Note
<br /> � , whinc�:m Ix givrn effect w•ithout the cuntli�tiug pn�vi.inn. Ti�thi��tnd thr pro�•i.inm�if thn Scrurity Imtrutnent und the
<br /> � Note:�rc ded•and to fx x�•erahlc.
<br /> 15. Borrowrr's C��p�•. B�,rr����•rr�hall lx gi�rn one runt��rmeJ rup� ul thi.Serunt}In,aununt.
<br /> • 16. Atisi�nment of Rcnts. Burru��cr uncunduiun;�U� a,.i�n.;inJ lram(rr.tu Lendrr all Ih�r nnt�and re�•rnuc+of thc
<br /> . • Pmpcny. B��rruwcr authoriie�LenJr��ir LcnJcrl ag�nt+tu rul Irrt thr mnt.and rr�cnur+anJ hrreby direnc�arh trnant uf
<br /> thc Property to pa�•the Rnt�tu Lrndcr ur[.�ndrr'ti agent,. Ho��c�er,priur t�� LrnJcr'+ tllllll'C tll B017UK'��Ot�BOtI'OWl`ii
<br /> ' � bmach of any covrnant or agrcrmrnt in the Srcurit�•In,trumrnt.Hurru��rr�hall coUrct anJ rcceivr all rentx and re�•enue�uf
<br /> � the P�vperty a�tru�tre tiir the tknrtit of Lrndrr anJ Hurn��srr. l�hi,a„ignnxm of nnt�comtitute�an ub�alute a..iEnmrnt
<br /> and not an a+�ignmrnt fi�r additional ururity�ml�•.
<br /> � If LrnJrr�ivr,nutirr ut'hrcarh a�Borc���crr. ta 1 all rcnt.rcreived M R��rru��er.hall br held by HurruN•cr uti tru�tec
<br /> �? f.Mn.,P.�.d'1 wnd.,r..n��. �..h.. � ..G...1�.. �M.. ..!1....w.. c..... t.. .s.� t ...1.. .A..tt 1... ..�:�1...1 �..
<br /> _ -. . ...�..� .._ 3r.�.......... ..... :�.7:. '.::::.: ... .u. .... ._... .ui'..u•:•�•: a..�a�.. .. .
<br /> 1 I collect and rcreivc all o(thr nnt�uf the ProExrt�:anJ�c►rach trn:mt uf the{'r�,�kn��.h:dl pay all mnt.due and�unp�id to
<br /> � Lendcr or Lcndcr+ngcnt on Lendcr+vrriucn dc�nand t��thr tcnant.
<br /> . Bortnwcr hu.nut cxccutcd uny pnor a.�ignmrnt of thc rrni�anJ ha+nut :md a�ll n��t�•rti�m� any art that H•ould
<br /> �� pcevent Lrndcr fram cxen i.ing it.rightti undrr thi.Para�;raph 1 h.
<br /> Lende��hall not be rcyuircd tu enter up�m, trkr rontrul uf ur m:iint;un thr 1'ru�xrn txGm ur after giving nut�rr u(
<br /> breach to Bormwec HoH•ever, Lrnder ur a judtri.�lly rpExiintrd rcrri�er n�a� .tu .o at am tttnr thrre i� a brcach. An)
<br /> upplication of mnt�.hall nut curc or Wai��e uny dct;wU ur im�alidatr am uther��ght ur renud��it'L�nder. Thi�:►ti�tgnment
<br /> ' „ of rcntti of►hc Propcny.hall tcrniin•rtr vahcn thr drbt xcurrd b} thr Securit�In.trumcnt i�paid in full.
<br /> � i�till'r t��l J f'�lCi�i
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