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<br /> - -^=''�"- . (q AN a p�ut of !h� Pro(Hrty, a a b�n�Aolal Int�rat b i hust onrnMip �II ar p�rt ot tMN Prop«ty. is sold ar _
<br /> -°,�g_�w:—,_._ othwwist 1nn�hrtW (oth�►than by dwla�a dMant)by th�8arowrr.md
<br /> . (il)Tn. Prep�rty it na ocoup{.d by th.pu►on..«or onM..a his a n.r pdnotPa�►«wM,a, «tn. purai..«o►
<br /> �;.:... �. : pranh. ao.. so 000upy �n. Prop.ny, but N�. o. h.► a.aM ha• �a b.«► .pprov.d In s000rdmo. wkn �n. �
<br /> - roqulr«mnts of thn S�ontry. —---
<br /> (C) No Walwr. (t droumatanrw�s ocour th�t wouid �wn�t L�ndK to rpuM• Imm�di�t• p�ynwnt N Iul1. but L�ndv "�'
<br /> .:;:�,�._." �
<br /> .:;.r do�s nut nquk�wah p�ymmt�,LwidK do�a not w�hr� It�iiphb with r�ap�et to wbspwnt w�nta.
<br /> - (d) R�pultltons Of HUD S�C�'�tery. In mmy ckcumetences repulaGons teaued by the 3r„rtary wHl Hmlt }� �--- ----• -
<br /> �� , , - . •°'� L�nd�r'a r{phtt, In th�c�s�of p�ymw�t dNauft�, to r�quk� Mrwn�di�t�paym�nt In tuN�nd londoH q not p4d.Th�s O
<br /> ,�,,,;� .. ., , . ,� 3�cudly Instnrm�nt doN not authori��accN�tion a la�down N not pwmNt�d by r�tians ot th�3�a�tWy. �i
<br /> _„t-,�_ ��M (�) Mort�ap� Not� Insuncl. BortowK apr�es th�t should thl.i S�curily Inahum�nt�nd th�Not� s�cund thr�by �
<br /> -:� not b� WpibM for insurana und�r ih�Nanon�Hou�n��ct wnh�n 90 d�vs hom th� daU hu�ot, � g,_:--_--
<br /> �h"-`�.�' •'t'- � LmdK nxy, at ft� optlon �nd notwqhstandinp anythinq in p�raynph 8, rpuk� imm�di�b p�ymmt h lull of �II aums
<br /> -f�<w�� s�eursd by this S�curky tnttrum�nt. A wdtten stat«n�nt of my�uthaizsd ap�nt ot th�3�a�ry dat�d wb�sqwnt � _
<br />— ��=����-•" to�Q d�ys irom th� d�t� herwf, daNnlnp to insure this 3aurHy Usdum�nt and th�Not� s�curW
<br /> ,, yt
<br /> _��;" theroby, shd be ds�nwd conclusive praoi of such InslidbWly. Notwithstandinp the forpolnp, thls opUon tn�y not b�
<br /> '`»� exarcis�d by t�ndK wh�n th� unavall�bNky oi insurancs la sobiy duo to L�nd�►'s}�Ilun to nrt�it a rtwrtyaye insuru�c�
<br /> E;•" ' prar�ium to th�9�x�Ury.
<br />-_ �''" . 10. Rotnstat�m�et. BoROw�r has a riqht to b�reinsta4od H Lend�r haa requked Nnmedlate paynNnt in lull bsc�uas of `�`-
<br /> Borrowsr's taNun to pay u► amount dw undw ih� Not� or this 8�curily Instrum�nt. Thb �tght appll�s w�n aRer forsciosun
<br /> . proeMdinp� �n InsUtut�d, To retmtata th� 8�curfly Inahument, Borrower ahaN t�ndK in a lump aum �il �mounts rpuked to • --- _
<br /> btinp 8orrower's �ccount aurtent Includiny, to th� extent they an obNq�ttons of BoROwx undx thi� Secudry InaWmsnt, �"°'��
<br /> tonclosure costs and re�son�bl� �nd cu�tortwy attomsya' tees and expanses propery asaodated wRh the torocioaure -�__
<br /> Fvoceedfnp. Upc+n relnst+itement by BoROwer,thia Securfly Inatrument and the obNp�tiona that(t secures ah�U rertrin in �t(ect as �?='�-""
<br /> it Lender hAd not required Immediate payment in 1u8. However, Lender la not required to permit relnatatement H: (1) Lender has �±'��'
<br /> �,�:,��,•,.,
<br /> accrpted retnatatemmt iR�r th+ cornmencement of Torsctosun prxe�dk�ga wtthln d�o yeus Imm�tdy precedk►q ths --=
<br /> � comm�ncement of a current farecloaure proceedinp, (U)reinatatement wUi preciude foradoauro on diff�nnt yrounda in th�futuro. �`�=-
<br /> or(I�rNnatat�ment wW advKSdy aN�ct th� pdo�ity of the Asn c►e�ted by thls S�curtly Inatrumsnt.
<br /> 11. Borrowor Not Rdowd; Forb��ranc� By Lond�r Not a Watvor.Exten�bn oi the ume ot payment or � '�fi�'�
<br /> modNlcaUon of amortitaUon ot th� sums securad by thl� 3�auliy Instrum�nt qranted by L�nder to any auccessu(n tnt�nat ot ►--�= �--
<br /> .�,.�_.
<br /> Bortowet shaU not opxata to r�iwa�th�UabWty oi the oriyin�l Bortower or Borrower'a succ�asor in IntKest. Landr sh�W not ba
<br /> requked to commence roceedG► s a at �n succesnor in Interut or rsfua�to uRend Ume for ��•^�_
<br /> P � � Y p�yment or otharwise modify � ��:.;�,:"'
<br /> - - amo�lzeUnn ot the eume e!�x� by thle �.xNy inetn�m!�nt !+y �«�son o/ eny demend m+sde by it�e o�inel 9orrower �x -
<br /> Bortower'a auccessors in intereat. My 10fbNtiIlCf by Lender In exKGsinq any ripht or nmedy ah�lt not be a w�hrK of or
<br /> predude the exadse of any�ipht a rstmdy. "�*�`'"
<br /> �'., . -
<br /> 12. Succossora �nd As:i�ns Bound; Joint and Sovoral Uabitity; Co-Sipn�ra. The covenants .nd
<br /> a�reements of this Security InaUument shtU bind�nd benefit ths succeasora and aaal9na of Lender and Borrower,aubJect to the � ! u�'�
<br /> proWaions of Parapraph 9.b. Borrower's covenante and ayretments ahail be Jolnt and aeveral. My Borrower who co•sipna thia � �
<br /> 3ecurity�natrummt but do�a �ot execut�the Note: (�)is co-alyninp thls Secutity Inatrument oniy to mortg�pe,�nnt and convey —
<br /> that Bonower'a Interest in the Proporty und�r the t�rtns of this Security Instrumant; (b) is not pxson�lly obllyaUd to pay the b
<br /> � sums secured by thls Security Inntrument; and (c) agrees that Lender and any other Bortower may ayree to �xtend, modNy. '
<br /> + � torbe�r a m�k�any accommodations wfth npard to the terma of this 3ecurfty �nstrument or th�Not� wflhout thRt 8orrowK's F -
<br /> �' � i consent. � -
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<br /> •' 13. NotIC@. My notice to BoROwer provided for In thls Security Inatrument ahall be yiven by deliverk�g ft a by nwiUnp ft
<br /> � � by Arst ctass mall unlesa applicoble law requkes use of another method. Tho notico shell be directed to thQ Propwty Addreaa or
<br /> ' any other addreea Barowx desiynates by notice to Lender. My noticn to Lender eh�ll be given by firat ciaea m�U to Lende►'a �
<br /> addreaa atated hereln or any address Lender designates by �otice to Bonawer. My notice provided for In this S�curity ,
<br /> � Insirument shall be deemed to have been given to Borrower or Lender when qiven as provided in thia p�rayraph.
<br /> 14. �ovorni�p Law; Sovarabflity. Thls Security Instrument ahall be govemed by Federal Iaw and the law of the
<br /> . Jurisdictlon In which the f'roperly Is �oatad. In ihe event that any provision or clauae of this Security InaWment or the Note
<br /> conAkta wlth appAcable law, auch oonflict shall not attect other provisfons of thls Security Instrument or the Note which un be
<br /> givan etfect without the conflictlny provielon. To thia end the provlslons of this Sacurity Instrumont and thQ Note va d�cUnd to ,
<br /> be severable.
<br /> 15. Borrowor'Y COpy. Borrower ah�ll be ylven one confortned copy ot thfs Secu�iry Inatrument.
<br /> • 16. Assipnmont of Rants. Borrower unconditlonaliy aasigns end transters to Lender aq the rents and revenues ot the
<br /> Property. 6orrower authorizes Lender or Lender's agents to coNect the rents and revenues and hereby dKects each tenant of the
<br /> Property to pay the rents to Lender or Lender s agents. However,prior to Lender's notice to Bortower ot Borrower's breach of
<br /> . any covenant or ayreement In the Security Instrwnent, BoROwer shell coliect and recelve all rents and revenues ot the Property
<br /> as trustee for the benefd of Lender and Borrower. This asslynment of rents constitutes an abaoiute aaslynment and not an
<br /> � � nselpnment for addftionat securily oniy.
<br /> ; It Lender glves notice of breach to Bortower: (a) all rents recelved by Borrower shall be heid by Borrower as trustee for
<br /> . beneflt ot Lender oniy,to be appiled to the sums secured by the Security Instrument: (b) Lender shall be entitled to collect and
<br /> receive aH ot the rents of the Property; and (c) each tenant of ihe Property shall pay all rents due and unpaid to Lender or
<br /> Lender's agent on Lender's written dert►and to the tenant.
<br /> � Bonower has not executed any pHor assignment of the rents ond hes not and wAI not pertarm any act that wouid prevent
<br /> ' � Lender irom exercisinp its�fghts under thla Paraqroph 16.
<br /> t ; Lender shaU not be requtred to enter upon, take control o(or malntain the Property betore or aRer pivinp notice of breach to
<br /> i Bortower. However. Lender or� iudlclalN anoolnted receiver mav dn an at anv fimn thwr. ia w hraar.h e�� ,��it��tt�� �t....r.
<br /> , sh�u not cure or wahe any det�uit or Invalidate any other �Ight or remedy of�lender. This asslgnment of rents of the Prope�ty
<br /> ahaY termk�ete when the debt secured by the Securiry instrument fs paid fn fuli.
<br /> � 17. Foreclosuro Procadure. If Londor roquira� immodiate paymont in full unda�ParAgraph 9,
<br /> . t Lender may involce the powor of salo and any otho� romodios permittad by applicabto law.
<br /> ' �� Lende� shalt bo ontitlod to collect all oxpansas incurrQd in pursuiny tho romedies provided in
<br /> ; thta parapraph 17. Includiny� but �ot timited tn� reasonabl� attornoys' fees and coats of title
<br /> r ovidonc�.
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<br /> � � FStl1).LMG(2/94) Paqe 3 oi♦
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<br /> 911701.LM i
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